Document:

Exhibit 10.76

     

    
      	
               

            

    

    

    

    MEMBERSHIP INTEREST PURCHASE AGREEMENT

     

    Among

     

    BRIGHTLINE HOLDINGS LLC, 

     

    DESERTXPRESS ENTERPRISES, LLC

     

    and

     

    BENNY’S HOLDCO, LLC

     

    Dated as of September 17, 2018

    
       

      
        	
                 

              

      

    

    

    
      
        
 

    

    
    

    

    TABLE OF CONTENTS

     

    Page

    

    
      	
              ARTICLE I THE ACQUISITION

            	
              1

            
	 	 
	
              Section 1.01

            	
              The Acquisition

            	
              1

            
	 	 	 
	
              ARTICLE II CLOSING AND POST-CLOSING PURCHASE PRICE ADJUSTMENT

            	
              1

            
	 	 
	
              Section 2.01

            	
              Acquisition Closing

            	
              1

            
	 	 	 
	
              Section 2.02

            	
              Buyer IPO True-Up; Buyer Common Share Repurchase

            	
              3

            
	 	 	 
	
              Section 2.03

            	
              Deposit Amount

            	
              4

            
	 	 	 
	
              Section 2.04

            	
              Supplemental Purchase Price

            	
              4

            
	 	 	 
	
              Section 2.05

            	
              Certain Adjustments

            	
              5

            
	 	 	 
	
              ARTICLE III REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY

            	
              6

            
	 	 
	
              Section 3.01

            	
              Organization, Standing and Power

            	
              6

            
	 	 	 
	
              Section 3.02

            	
              Capital Structure

            	
              6

            
	 	 	 
	
              Section 3.03

            	
              Authority; Noncontravention

            	
              7

            
	 	 	 
	
              Section 3.04

            	
              Financial Statements

            	
              8

            
	 	 	 
	
              Section 3.05

            	
              Undisclosed Liabilities

            	
              9

            
	 	 	 
	
              Section 3.06

            	
              Absence of Certain Changes or Events

            	
              9

            
	 	 	 
	
              Section 3.07

            	
              Proceedings

            	
              9

            
	 	 	 
	
              Section 3.08

            	
              Contracts

            	
              10

            
	 	 	 
	
              Section 3.09

            	
              Compliance with Laws; Governmental Approvals; Third-Party Consents

            	
              10

            
	 	 	 
	
              Section 3.10

            	
              Benefit Plans

            	
              12

            
	 	 	 
	
              Section 3.11

            	
              Additional Environmental Matters

            	
              13

            
	 	 	 
	
              Section 3.12

            	
              Taxes

            	
              14

            
	 	 	 
	
              Section 3.13

            	
              Real and Personal Property

            	
              15

            
	 	 	 
	
              Section 3.14

            	
              Intellectual Property

            	
              17

            
	 	 	 
	
              Section 3.15

            	
              Transactions with Affiliates

            	
              18

            
	 	 	 
	
              Section 3.16

            	
              Brokers

            	
              18

            
	 	 	 
	
              Section 3.17

            	
              Subsidiaries

            	
              18

            

    

    

    

    
      i

      
        
 

    

  

   

  
    
      	
              Section 3.18

            	
              Exclusivity of Representations and Warranties

            	
              19

            
	 	 	 
	
              ARTICLE IV REPRESENTATIONS AND WARRANTIES REGARDING SELLER

            	
              20

            
	 	 
	
              Section 4.01

            	
              Organization

            	
              20

            
	 	 	 
	
              Section 4.02

            	
              Authority; Noncontravention

            	
              20

            
	 	 	 
	
              Section 4.03

            	
              Title to Membership Interests

            	
              21

            
	 	 	 
	
              Section 4.04

            	
              Transactions with Affiliates

            	
              21

            
	 	 	 
	
              Section 4.05

            	
              Exclusivity of Representations and Warranties

            	
              21

            
	 	 	 
	
              ARTICLE V REPRESENTATIONS AND WARRANTIES REGARDING BUYER

            	
              22

            
	 	 
	
              Section 5.01

            	
              Organization

            	
              22

            
	 	 	 
	
              Section 5.02

            	
              Buyer Capitalization

            	
              22

            
	 	 	 
	
              Section 5.03

            	
              Authority; Noncontravention

            	
              22

            
	 	 	 
	
              Section 5.04

            	
              Securities Act

            	
              23

            
	 	 	 
	
              Section 5.05

            	
              Financial Statements

            	
              23

            
	 	 	 
	
              Section 5.06

            	
              Compliance with Laws

            	
              24

            
	 	 	 
	
              Section 5.07

            	
              Brokers; Fees and Expenses

            	
              24

            
	 	 	 
	
              Section 5.08

            	
              Sufficient Funds

            	
              24

            
	 	 	 
	
              Section 5.09

            	
              Exclusivity of Representations and Warranties

            	
              24

            
	 	 	 
	
              ARTICLE VI COVENANTS

            	
              24

            
	 	 
	
              Section 6.01

            	
              Covenants Relating to Conduct Prior to the Closing

            	
              24

            
	 	 	 
	
              Section 6.02

            	
              Access; Consultation

            	
              27

            
	 	 	 
	
              Section 6.03

            	
              Efforts

            	
              27

            
	 	 	 
	
              Section 6.04

            	
              Tax Matters-In General

            	
              30

            
	 	 	 
	
              Section 6.05

            	
              Fees and Expenses

            	
              33

            
	 	 	 
	
              Section 6.06

            	
              Public Announcements

            	
              33

            
	 	 	 
	
              Section 6.07

            	
              Confidentiality

            	
              33

            
	 	 	 
	
              Section 6.08

            	
              Transaction Fees and Expenses

            	
              34

            
	 	 	 
	
              Section 6.09

            	
              Resignation of Directors and Officers

            	
              34

            
	 	 	 
	
              Section 6.10

            	
              No Solicitation

            	
              34

            
	 	 	 
	
              Section 6.11

            	
              Termination of Affiliate Contracts

            	
              35

            
	 	 	 
	
              Section 6.12

            	
              Repayment of Indebtedness

            	
              35

            

    

    

    

    
      ii

      
        
 

    

     

    
      	
              Section 6.13

            	
              Real Estate Matters

            	
              36

            
	 	 	 
	
              Section 6.14

            	
              Termination of Certain Contracts

            	
              36

            
	 	 	 
	
              Section 6.15

            	
              Seller Release

            	
              36

            
	 	 	 
	
              Section 6.16

            	
              Cooperation

            	
              37

            
	 	 	 
	
              ARTICLE VII CONDITIONS

            	
              37

            
	 	 
	
              Section 7.01

            	
              Conditions to Each Party’s Obligation to Effect the Acquisition

            	
              37

            
	 	 	 
	
              Section 7.02

            	
              Conditions to Obligation of Buyer

            	
              38

            
	 	 	 
	
              Section 7.03

            	
              Conditions to Obligation of Seller

            	
              39

            
	 	 	 
	
              Section 7.04

            	
              Frustration of Closing Conditions

            	
              39

            
	 	 	 
	
              ARTICLE VIII TERMINATION; EFFECT OF TERMINATION

            	
              39

            
	 	 
	
              Section 8.01

            	
              Termination

            	
              39

            
	 	 	 
	
              Section 8.02

            	
              Termination; Effect of Termination

            	
              40

            
	 	 	 
	
              ARTICLE IX INDEMNIFICATION

            	
              41

            
	 	 
	
              Section 9.01

            	
              Survival of Covenants, Agreements, Representations and Warranties

            	
              41

            
	 	 	 
	
              Section 9.02

            	
              Indemnification by Seller

            	
              41

            
	 	 	 
	
              Section 9.03

            	
              Indemnification by Buyer

            	
              43

            
	 	 	 
	
              Section 9.04

            	
              Indemnification Procedures

            	
              43

            
	 	 	 
	
              Section 9.05

            	
              Termination of Indemnification

            	
              45

            
	 	 	 
	
              Section 9.06

            	
              Exclusive Remedy Against the Indemnifying Party

            	
              46

            
	 	 	 
	
              Section 9.07

            	
              Limitation of Indemnification

            	
              46

            
	 	 	 
	
              Section 9.08

            	
              Treatment of Share Indemnity Escrow Amount

            	
              47

            
	 	 	 
	
              Section 9.09

            	
              Manner of Payment

            	
              48

            
	 	 	 
	
              Section 9.10

            	
              Consideration Adjustment

            	
              48

            
	 	 	 
	
              ARTICLE X MISCELLANEOUS

            	
              48

            
	 	 
	
              Section 10.01

            	
              Assignment

            	
              48

            
	 	 	 
	
              Section 10.02

            	
              No Third-Party Beneficiaries

            	
              49

            
	 	 	 
	
              Section 10.03

            	
              Notices

            	
              49

            
	 	 	 
	
              Section 10.04

            	
              Headings; Certain Definitions; Interpretation

            	
              50

            
	 	 	 
	
              Section 10.05

            	
              Counterparts

            	
              61

            
	 	 	 
	
              Section 10.06

            	
              Integrated Contract

            	
              61

            

    

    

    

    
      iii

      
        
 

    

     

    
      	
              Section 10.07

            	
              Severability

            	
              61

            
	 	 	 
	
              Section 10.08

            	
              Governing Law

            	
              61

            
	 	 	 
	
              Section 10.09

            	
              Jurisdiction

            	
              62

            
	 	 	 
	
              Section 10.10

            	
              Service of Process

            	
              62

            
	 	 	 
	
              Section 10.11

            	
              Waiver of Jury Trial

            	
              62

            
	 	 	 
	
              Section 10.12

            	
              Enforcement

            	
              62

            
	 	 	 
	
              Section 10.13

            	
              Amendments

            	
              62

            
	 	 	 
	
              Section 10.14

            	
              Further Assurances

            	
              62

            
	 	 	 
	
              Section 10.15

            	
              Transfer of Privilege; Conflict Waiver

            	
              63

            
	 	 	 
	
              EXHIBIT A FORM OF STOCKHOLDER AGREEMENT

            	
              65

            

    

    

    

    
      iv

      
        
 

    

    GLOSSARY OF DEFINED TERMS

    

    

    
      	 
              Definition

            	
              Location of

                Defined Terms

            
	 	 
	
              Accounting Methodologies

            	
              Section 10.04(b)

            
	
              Acquisition

            	
              Section 1.01

            
	
              Actual Fraud

            	
              Section 10.04(b)

            
	
              affiliate

            	
              Section 10.04(b)

            
	
              Affiliate Contracts

            	
              Section 3.15

            
	
              Agreement

            	
              Preamble

            
	
              Articles

            	
              Section 10.04(a)

            
	
              Balance Sheet Date

            	
              Section 3.05(a)

            
	
              Bankruptcy Exceptions

            	
              Section 10.04(b)

            
	
              Base Share Closing Date Payment

            	
              Section 2.01(c)(ii)

            
	
              Base Share Indemnity Escrow Amount

            	
              Section 10.04(b)

            
	
              Benefit Plan

            	
              Section 10.04(b)

            
	
              BLM

            	
              Section 3.03(c)

            
	
              Business

            	
              Section 10.04(b)

            
	
              business day

            	
              Section 10.04(b)

            
	
              Buyer

            	
              Preamble

            
	
              Buyer Common Share

            	
              Section 10.04(b)

            
	
              Buyer Common Share Repurchase Amount

            	
              Section 2.02(c)

            
	
              Buyer Common Share Repurchase Closing Date

            	
              Section 2.02(c)

            
	
              Buyer Common Share Repurchase Notice

            	
              Section 2.02(c)

            
	
              Buyer Common Share Repurchase Price

            	
              Section 10.04(b)

            
	
              Buyer Common Share Value

            	
              Section 10.04(b)

            
	
              Buyer Equity Valuation

            	
              Section 10.04(b)

            
	
              Buyer Financial Statements

            	
              Section 5.05

            
	
              Buyer Fundamental Representation

            	
              Section 10.04(b)

            
	
              Buyer Indemnitee

            	
              Section 9.02(a)

            
	
              Buyer IPO

            	
              Section 10.04(b)

            
	
              Buyer IPO Price

            	
              Section 10.04(b)

            
	
              Buyer Public Share

            	
              Section 10.04(b)

            
	
              Calculation Time

            	
              Section 10.04(b)

            
	
              Cash Purchase Price

            	
              Section 10.04(b)

            
	
              Change of Control

            	
              Section 10.04(b)

            
	
              Claims

            	
              Section 9.05(a)

            
	
              Closing

            	
              Section 2.01(a)

            
	
              Closing Date

            	
              Section 2.01(a)

            
	
              Closing Date Share Election

            	
              Section 2.01(c)

            
	
              Closing Date Payment

            	
              Section 10.04(b)

            
	
              Closing Debt

            	
              Section 10.04(b)

            
	
              Code

            	
              Section 2.01(e)

            
	
              Commencement of Construction

            	
              Section 10.04(b)

            
	
              Company

            	
              Preamble

            
	
              Company Contracts

            	
              Section 3.08(a)

            

    

    

    

    
      v

      
        
 

    

     

    
      	 
              Definition

            	
              Location of

                Defined Terms

            
	 	 
	
              Company Disclosure Letter

            	
              Article III

            
	
              Company Fundamental Representations

            	
              Section 10.04(b)

            
	
              Company Monthly Financial Statements

            	
              Section 3.04

            
	
              Company Properties

            	
              Section 3.13(d)

            
	
              Confidentiality Agreement

            	
              Section 10.04(b)

            
	
              Consent

            	
              Section 10.04(b)

            
	
              Contract

            	
              Section 10.04(b)

            
	
              Deductible

            	
              Section 9.07(a)

            
	
              Deposit Amount

            	
              Section 10.04(b)

            
	
              Deposit Date

            	
              Section 2.03

            
	
              Direct Claim

            	
              Section 9.04(b)(i)

            
	
              Disposed Share Value

            	
              Section 10.04(b)

            
	
              Draft Allocation Schedule

            	
              Section 6.04(e)(ii)

            
	
              Environmental Claims

            	
              Section 3.11(b)

            
	
              Environmental Law

            	
              Section 3.11(b)

            
	
              Environmental Reviews

            	
              Section 10.04(b)

            
	
              ERISA

            	
              Section 10.04(b)

            
	
              ERISA Affiliate

            	
              Section 10.04(b)

            
	
              Exchange Act

            	
              Section 10.04(b)

            
	
              Exercising Permitted Transferee

            	
              Section 10.04(b)

            
	
              Exhibits

            	
              Section 10.04(a)

            
	
              Final Allocation Schedule

            	
              Section 6.04(e)(i)

            
	
              Financial Statements

            	
              Section 3.04

            
	
              GAAP

            	
              Section 10.04(b)

            
	
              Governmental Approvals

            	
              Section 10.04(b)

            
	
              Governmental Entity

            	
              Section 10.04(b)

            
	
              Guarantee

            	
              Section 10.04(b)

            
	
              Hazardous Materials

            	
              Section 3.11(b)

            
	
              Indebtedness

            	
              Section 10.04(b)

            
	
              Indemnitee

            	
              Section 10.04(b)

            
	
              Intellectual Property

            	
              Section 10.04(b)

            
	
              IPO Date

            	
              Section 10.04(b)

            
	
              IPO Outside Date

            	
              Section 2.02(a)

            
	
              Judgment

            	
              Section 10.04(b)

            
	
              Knowledge of the Company

            	
              Section 10.04(b)

            
	
              Law

            	
              Section 10.04(b)

            
	
              Leased Property

            	
              Section 3.13(c)

            
	
              Legal Restraints

            	
              Section 7.01(c)

            
	
              Liabilities

            	
              Section 3.05

            
	
              Lien

            	
              Section 10.04(b)

            
	
              Losses

            	
              Section 10.04(b)

            
	
              Manager

            	
              Section 10.04(b)

            
	
              Maximum Buyer Common Share Repurchase Amount

            	
              Section 10.04(b)

            
	
              Member

            	
              Section 10.04(b)

            
	
              Membership Interests

            	
              Section 10.04(b)

            

    

    

    

    
      vi

      
        
 

    

     

    
      	 
              Definition

            	
              Location of

                Defined Terms

            
	 	 
	
              Natural Hazards Disclosure Reports

            	
              Section 3.11(b)

            
	
              Operating Agreement

            	
              Section 10.04(b)

            
	
              Optional Share Closing Date Payment

            	
              Section 10.04(b)

            
	
              Optional Supplemental Share Purchase Price

            	
              Section 10.04(b)

            
	
              Organizational Documents

            	
              Section 10.04(b)

            
	
              Outside Date

            	
              Section 8.01(a)(iv)

            
	
              Owned Property

            	
              Section 3.13(b)

            
	
              Participant

            	
              Section 10.04(b)

            
	
              Permitted Holder

            	
              Section 10.04(b)

            
	
              Permitted Liens

            	
              Section 10.04(b)

            
	
              Permitted Transferee

            	
              Section 10.04(b)

            
	
              person

            	
              Section 10.04(b)

            
	
              Pre-Closing Tax Period

            	
              Section 10.04(b)

            
	
              Pre-Closing Tax Returns

            	
              Section 10.04(b)

            
	
              Proceeding

            	
              Section 10.04(b)

            
	
              Purchase Price

            	
              Section 10.04(b)

            
	
              Real Property Interests

            	
              Section 3.13(d)

            
	
              Real Property Lease

            	
              Section 3.13(c)

            
	
              Release

            	
              Section 3.11(b)

            
	
              Release Date

            	
              Section 9.08(a)

            
	
              RELEASED MATTERS

            	
              Section 6.15

            
	
              RELEASED PARTY

            	
              Section 6.15

            
	
              Required Approvals

            	
              Section 7.02(f)

            
	
              Required BLM Approval

            	
              Section 3.03(c)

            
	
              Required STB Approvals

            	
              Section 3.03(c)

            
	
              Restricted Action

            	
              Section 6.01(b)

            
	
              Scheduled Company Intellectual Property

            	
              Section 3.14(a)

            
	
              SEC

            	
              Section 10.04(b)

            
	
              Sections

            	
              Section 10.04(a)

            
	
              Securities Act

            	
              Section 5.04

            
	
              Seller

            	
              Preamble

            
	
              Seller Fundamental Representations

            	
              Section 10.04(b)

            
	
              Seller Indemnitee

            	
              Section 9.03(a)

            
	
              Seller Monthly Financial Statements

            	
              Section 3.04

            
	
              Seller’s Aggregate IPO Holding

            	
              Section 10.04(b)

            
	
              Share Consideration Target Value

            	
              Section 10.04(b)

            
	
              Share Indemnity Escrow Amount

            	
              Section 10.04(b)

            
	
              Share Indemnity Release Value

            	
              Section 10.04(b)

            
	
              Share Projected Indemnity Amount

            	
              Section 10.04(b)

            
	
              Share Purchase Price

            	
              Section 10.04(b)

            
	
              Share Purchase Price True-Up

            	
              Section 10.04(b)

            
	
              STB

            	
              Section 10.04(b)

            
	
              Stockholder Agreement

            	
              Section 10.04(b)

            
	
              Straddle Period

            	
              Section 10.04(b)

            
	
              subsidiary

            	
              Section 10.04(b)

            

    

    

    

    
      vii

      
        
 

    

     

    
      	 
              Definition

            	
              Location of

                Defined Terms

            
	 	 
	
              Supplemental Approval Closing Date

            	
              Section 2.04

            
	
              Supplemental Approval Date

            	
              Section 2.04

            
	
              Supplemental Approval Interest Rate

            	
              Section 10.04(b)

            
	
              Supplemental Approvals

            	
              Section 10.04(b)

            
	
              Supplemental Approvals Outside Date

            	
              Section 10.04(b)

            
	
              Supplemental Cash Purchase Price

            	
              Section 10.04(b)

            
	
              Supplemental Indemnification Shortfall Amount

            	
              Section 9.08(d)

            
	
              Supplemental Pending Claims

            	
              Section 9.08(d)

            
	
              Supplemental Resolved Losses

            	
              Section 9.08(d)

            
	
              Supplemental Share Closing Date Payment

            	
              Section 2.04(b)

            
	
              Supplemental Share Indemnity Escrow Amount

            	
              Section 10.04(b)

            
	
              Supplemental Share Purchase Price

            	
              Section 10.04(b)

            
	
              Takeover Proposal

            	
              Section 6.10(a)

            
	
              tax return

            	
              Section 3.12(a)

            
	
              taxes

            	
              Section 3.12(a)

            
	
              taxing authority

            	
              Section 3.12(a)

            
	
              Terminating Contracts

            	
              Section 6.14

            
	
              Tharaldson Land Purchase

            	
              Section 10.04(b)

            
	
              Tharaldson Land Purchase Agreement

            	
              Section 10.04(b)

            
	
              Third-Party Claim

            	
              Section 9.04(a)(i)

            
	
              Third-Party Consents

            	
              Section 10.04(b)

            
	
              Unpaid Expenses

            	
              Section 10.04(b)

            
	
              Voting Company Debt

            	
              Section 3.02(b)

            
	
              Voting Subsidiary Debt

            	
              Section 3.17(b)

            
	
              Yearly Financial Statements

            	
              Section 3.04

            

    

     

    

    

    
      viii

      
        
 

    

    

    MEMBERSHIP INTEREST PURCHASE AGREEMENT dated as of September 17, 2018 (this “Agreement”), by and among BRIGHTLINE HOLDINGS LLC, a Delaware limited liability company (“Buyer”), DESERTXPRESS ENTERPRISES, LLC,
      a Nevada limited liability company (the “Company”), and BENNY’S HOLDCO, LLC, a Nevada limited liability Company (“Seller”).

     

    WHEREAS Seller is the record and beneficial owner of 100% of the issued and outstanding Membership Interests of the Company; and

     

    WHEREAS Buyer desires to purchase from Seller, and Seller desires to sell to Buyer, all the Membership Interests;

     

    NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set
      forth herein, the parties agree as follows:

     

    ARTICLE I

     

    The Acquisition

     

    Section 1.01          The Acquisition. On the
      terms and subject to the conditions of this Agreement, at the Closing Seller shall sell, transfer and deliver to Buyer, and Buyer shall purchase, acquire and accept from Seller, all the Membership Interests, which Membership Interests shall be sold,
      transferred and delivered with full legal and beneficial title, free and clear of all Liens (other than transfer restrictions under applicable securities Laws) and together with all rights attached thereto, in exchange for the Closing Date Payment
      (as such payment may be adjusted pursuant to Article II, as applicable), on the terms and subject to the conditions set forth in Articles II and VII. The purchase and sale of the Membership Interests is referred to in this Agreement as the “Acquisition”.

     

    ARTICLE II

     

    Closing and Post-Closing Purchase Price Adjustment

     

    Section 2.01          Acquisition Closing.

     

    (a)           The closing of the Acquisition (the “Closing”)

      shall take place at the offices of Cravath, Swaine & Moore LLP, 825 Eighth Avenue, New York, New York 10019, at 9:00 a.m. New York City time on the second business day following the satisfaction of the conditions set forth in Article VII (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or written waiver of those
      conditions at such time) (or, to the extent permitted by applicable Law, waived in writing by the party entitled to the benefit thereof), or at such other place, time and date as may be agreed by Seller and Buyer. The date on which the Closing occurs
      is referred to in this Agreement as the “Closing Date”.

     

    (b)          At least three business days prior to the Closing Date, the Company shall provide to Buyer reasonably detailed calculations of
      (i) the amount of Closing Debt and (ii) the amount of Unpaid Expenses, in each case calculated in accordance with the definition thereof set forth in this Agreement.

    
      
        

        

      

      
        
 

    

    
    (c)           At the Closing:

     

    (i)           Buyer shall pay, in cash by wire transfer of immediately available funds, the Cash Purchase Price (less the Deposit Amount
      (if any) previously paid pursuant to Section 2.03) to the bank account designated by Seller in writing at least three business days prior to the Closing Date;

     

    (ii)          Buyer shall issue and deliver to Seller a number of Buyer Common Shares (rounded up to the nearest whole number of limited
      liability company interests or shares, as applicable) in book-entry form equal to (x) the Base Share Purchase Price minus (y) the Base Share Indemnity Escrow
      Amount (the “Base Share Closing Date Payment”);

     

    provided, however, that if Buyer has not consummated a Buyer IPO on or prior to the Closing, Buyer shall have the option to elect, in lieu of paying the amount referred to in the foregoing clause (i), to issue and deliver
      to Seller a number of Buyer Common Shares (rounded up to the nearest whole number of limited liability interests) in book entry form equal to the Optional Share Closing Date Payment (such election, if any, the “Closing Date Share Election”);

     

    (iii)         Seller shall deliver or cause to be delivered to Buyer such instruments of transfer sufficient to transfer the Membership
      Interests;

     

    (iv)         Buyer shall deliver to Seller, and Seller shall deliver to Buyer, a duly executed copy of the Stockholder Agreement;

     

    (v)          the Company and Seller shall deliver to Buyer all certificates, resignations and payoff letters required to be delivered by
      the Company or Seller on or prior to the Closing Date pursuant to this Agreement; and

     

    (vi)         Buyer shall deliver to Seller all certificates required to be delivered by Buyer on or prior to the Closing Date pursuant to
      this Agreement.

     

    (d)           Effective simultaneously with the Closing, (i) Seller shall cease to be a Member of the Company, (ii) Seller shall consent to
      Buyer becoming admitted as the sole Member of the Company and (iii) Buyer shall be admitted as the sole Member of the Company.

     

    (e)           Notwithstanding anything in this Agreement to the contrary, Buyer shall be entitled to deduct and withhold from the portion of
      the Closing Date Payment, the Deposit Amount, the payments required to be made pursuant to Section 2.04 (if any) and any release of the Share Indemnity Escrow
      Amount (or any other amount) otherwise payable pursuant to this Agreement to Seller, or for the benefit of Seller, such amounts as Buyer or any of its affiliates is required to deduct and withhold with respect to the making of any such payment under
      the Internal Revenue Code of 1986, as amended (the “Code”), or any provision of state, local or non-U.S. tax Law. To the extent reasonably practicable, Buyer
      shall give Seller advance written notice of any intention to deduct or withhold any such amounts and the legal basis therefor and shall afford Seller the opportunity to provide documents and forms necessary to eliminate or reduce such deduction or
      withholding. To the extent that amounts are so withheld and paid over to the appropriate taxing authority by Buyer, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to Seller in respect of which such
      deduction and withholding was made.

    
      
        

        

      

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    Section 2.02           Buyer IPO True-Up; Buyer Common Share
          Repurchase.

     

    (a)           If (i) Buyer has not consummated a Buyer IPO on or prior to the Closing but consummates a Buyer IPO on or prior to the date
      that is twelve months after the Closing Date (the “IPO Outside Date”) and (ii) as of the IPO Date, Seller’s Aggregate IPO Holding is less than the Share
      Consideration Target Value, Buyer shall issue and deliver to Seller promptly following the IPO Date (but no later than 10 business days thereafter) a number of Buyer Public Shares (rounded up to the nearest whole number of shares) in book-entry form
      equal to the Share Purchase Price True-Up.

     

    (b)           If (i) Buyer has not consummated a Buyer IPO on or prior to the Closing but consummates a Buyer IPO on or prior to the IPO
      Outside Date and (ii) as of the IPO Date, Seller’s Aggregate IPO Holding is less than the Share Consideration Target Value, any Share Indemnity Escrow Amount remaining as of the IPO Date shall be adjusted such that such remaining Share Indemnity
      Escrow Amount shall be a number of Buyer Public Shares equal to the quotient of (i) the product of (x) the Buyer Common Share Value multiplied by (y) the
      remaining Share Indemnity Escrow Amount as of the IPO Date divided by (ii) the Buyer IPO Price.

     

    (c)           If (i) Buyer has not consummated a Buyer IPO on or prior to the Closing but consummates a Buyer IPO at any time thereafter and
      (ii) Buyer has issued and delivered to Seller (x) the Optional Share Closing Date Payment (in accordance with Section 2.01(c)) or (y) the Optional Supplemental
      Share Purchase Price (in accordance with Section 2.04)), then Seller shall have the right (on behalf of itself and each Exercising Permitted Transferee), by
      delivering written notice to Buyer on or prior to the date that is five business days following the IPO Date (such notice, if any, the “Buyer Common Share Repurchase
          Notice”), to elect to require Buyer to, on the date that is five business days following Seller’s delivery to Buyer of the Buyer Common Share Repurchase Notice, or such other date as may be agreed by Seller and Buyer (the “Buyer Common Share Repurchase Closing Date”), purchase, acquire and accept from Seller (and each Exercising Permitted Transferee) (and Seller (and each such
      Exercising Permitted Transferee) shall sell, transfer and deliver to Buyer), the aggregate number of Buyer Common Shares (not to exceed, in the aggregate, the Maximum Buyer Common Share Repurchase Amount) as Seller shall specify in the Buyer Common
      Share Repurchase Notice (such aggregate number of shares, the “Buyer Common Share Repurchase Amount”) (it being understood that Seller shall be required to
      specify in the Buyer Common Share Repurchase Notice the number of Buyer Common Shares that each of Seller and each Exercising Permitted Transferee desires to individually sell, transfer and deliver to Buyer pursuant to this Section 2.02(c)), and on the Buyer Common Share Repurchase Closing Date:

     

    (A)           Buyer shall pay, in cash by wire transfer of immediately available funds, the relevant portion of the Buyer
      Common Share Repurchase Price to Seller and each Exercising Permitted Transferee to the bank account designated by Seller and each Exercising Permitted Transferee, as applicable, in writing at least three business days prior to the Buyer Common Share
      Repurchase Closing Date;

    
      
        

        

      

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    (B)          Seller and
        each Exercising Permitted Transferee shall deliver or cause to be delivered to Buyer such instruments of transfer sufficient to transfer the Buyer Common Share Repurchase Amount to Buyer; and

     

    (C)          Seller and
        each Exercising Permitted Transferee shall execute and deliver to Buyer customary share transfer documentation reasonably requested by Buyer in connection with the transactions contemplated by this Section 2.02(c) and, without limiting the foregoing, Seller and each Exercising Permitted Transferee shall be required to make customary representations and warranties to Buyer in the definitive share
        transfer documentation related thereto.

     

    Seller shall cause each Exercising Permitted Transferee to comply with this Section 2.02(c) and shall be entitled to enforce this Section 2.02(c) on behalf of each Exercising Permitted Transferee.

     

    Section 2.03          Deposit Amount. If (a) the
      Closing shall not have occurred on or prior to November 30, 2018 (the “Deposit Date”) and (b) neither Seller nor the Company is then in breach (which breach has
      not been cured by Seller or the Company, as applicable) of any of its representations, warranties, covenants or agreements under this Agreement, then Buyer shall pay on the later of (i) the Deposit Date and (ii) the date such breach is so cured by
      the Company or Seller, as applicable, the Deposit Amount, in cash by wire transfer of immediately available funds, to the bank account designated by Seller in writing at least three business days prior to the Deposit Date.

     

    Section 2.04          Supplemental Purchase Price.
      If Buyer has not obtained all of the Supplemental Approvals on or prior to the Closing but each of the Supplemental Approvals is thereafter obtained on or prior to the Supplemental Approvals Outside Date (the date on which all Supplemental Approvals
      have been obtained, if any, the “Supplemental Approval Date”; provided
      that the Supplemental Approval Date shall be deemed to have occurred for all purposes hereunder if a Change of Control or Commencement of Construction has occurred on or prior to the Supplemental Approvals Outside Date), then on the date that is 10
      business days following the Supplemental Approval Date or such other date as may be agreed by Seller and Buyer (the “Supplemental Approval Closing Date”):

     

    (a)           Buyer shall pay, in cash by
        wire transfer of immediately available funds, the Supplemental Cash Purchase Price to the bank account designated by Seller in writing at least three business days prior to the Supplemental Approval Closing Date; and

     

    (b)           Buyer shall issue and deliver
        to Seller a number of Buyer Common Shares (rounded up to the nearest whole number of limited liability company interests or shares, as applicable) in book-entry form equal to (i) the Supplemental Share Purchase Price minus (ii) (x) in the event the Supplemental Approval Closing Date occurs prior to the Release Date, the Supplemental Share Indemnity Escrow Amount, or (y) in the event the Supplemental
        Approval Closing Date occurs on or after the Release Date, the Supplemental Indemnification Shortfall Amount calculated in accordance with Section 9.08(d) (the “Supplemental Share Closing Date Payment”);

    
      
        

        

      

      4

      
        
 

    

    provided, however, that (A) if Buyer has not consummated a Buyer IPO on or prior to the Supplemental Approval Date, Buyer shall have the option to elect, in lieu of paying the amount referred to in the foregoing clause (a), to issue
      and deliver to Seller a number of Buyer Common Shares (rounded up to the nearest whole number of limited liability company interests) in book entry form equal to the Optional Supplemental Share Purchase Price and (B) if Buyer has consummated a Buyer
      IPO prior to the Supplemental Approval Date, the number of Buyer Common Shares to be issued pursuant to Section 2.04(b) (and the number of Buyer Common Shares comprising the Supplemental Share Indemnity Escrow Amount or Supplemental
      Indemnification Shortfall Amount, as applicable) shall be appropriately adjusted to give effect to the provisions of Section 2.02(a), as if the Buyer Common Shares to be issued (or reserved in escrow, as applicable) pursuant to Section
        2.04(b) had been issued on or prior to the IPO Date.

     

    Section 2.05          Certain Adjustments.

     

    (a)           Notwithstanding anything in
        this Agreement to the contrary, if, from the date of this Agreement until the earlier of (i) the Closing or (ii) any termination of this Agreement in accordance with Article VIII, the outstanding Buyer Common Shares shall have been changed
        into a different number of shares or a different class by reason of any reclassification, stock split (including a reverse stock split), recapitalization, split-up, combination, exchange of shares, readjustment, conversion, or other similar
        transaction, or a stock dividend thereon shall be declared with a record date within such period, then the Share Indemnity Escrow Amount, Base Share Closing Date Payment, Buyer Common Share Value and any other similarly dependent items, as the case
        may be, shall be appropriately adjusted to provide Seller the same economic effect as contemplated by this Agreement prior to such event.

     

    (b)           From and after the Closing,
        if, the outstanding Buyer Common Shares are changed into a different number of shares or a different class by reason of any reclassification, stock split (including a reverse stock split), recapitalization, split-up, combination, exchange of
        shares, readjustment, conversion, or other similar transaction, or, in connection with a Buyer IPO, a stock dividend thereon shall be declared with a record date prior to the IPO Date, then (x) for the avoidance of doubt, any shares comprising the
        remaining Share Indemnity Escrow Amount shall be subject to any such events and (y) all calculations in Section 2.02(a), Section 2.02(b) and Section 2.04 shall be appropriately adjusted to provide Seller the same economic
        effect as contemplated by this Agreement prior to such event.

     

    (c)           Nothing in this Section
          2.05 shall be construed to permit any party hereto to take any action that is otherwise prohibited or restricted by any other provision of this Agreement.

     

    
      
        

        

      

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    ARTICLE III

     

    Representations and Warranties Regarding the Company

     

    Except as set forth on the disclosure letter delivered by the Company to Buyer prior to the execution of this Agreement and dated the date
      hereof (the “Company Disclosure Letter”) (it being understood that any disclosure set forth in a section or subsection of such disclosure letter shall apply
      only to the corresponding section or subsection of this Agreement, except to the extent that it is reasonably apparent from the face of such disclosure that such disclosure is relevant to another section or subsection of this Agreement, in which case
      such disclosure shall also apply to such other section or subsection), the Company represents and warrants to Buyer as of the date of this Agreement and as of Closing as follows:

     

    Section 3.01     Organization, Standing and Power.

     

    (a)     The Company (i) is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of
      Nevada and (ii) has all requisite limited liability company power and authority to enable it to use its name and to own, lease or otherwise hold and operate its properties or assets and to carry on its business as presently conducted. The Company is
      duly qualified or licensed to conduct business and is in good standing under the laws of each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties or assets makes such qualification or licensing
      necessary.

     

    (b)     The Company has delivered to Buyer complete and accurate copies of its Organizational Documents and the Organizational Documents of
      its subsidiaries, in each case, as amended through the date of this Agreement.

     

    (c)     Except as provided in Section 3.17, the
      Company does not own, directly or indirectly, any member’s interest in, membership units of, or other equity interests in, any person.

     

    Section 3.02     Capital Structure.

     

    (a)     Seller is the record and beneficial owner of 100% of the issued and outstanding Membership Interests. Except for the Membership
      Interests owned by Seller, no Membership Interests or other equity, membership, member’s or limited liability company interests in the Company are issued, reserved for issuance or outstanding. All outstanding Membership Interests are duly authorized
      and validly issued, with no obligation to make further payments to the Company for the purchase of Membership Interests or contributions to the Company solely by reason of the ownership of Membership Interests. No outstanding Membership Interests are
      subject to preemptive rights or were issued in violation of any preemptive rights. None of the issued and outstanding Membership Interests are subject to vesting or forfeiture conditions or a right of repurchase by the Company. There are no declared
      but unpaid dividends or other distributions in respect of any Membership Interests.

     

    (b)     There are no bonds, debentures, notes or other Indebtedness of the Company that have or by their terms may have at any time the
      right to vote (or which are convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of Membership Interests or other equity, membership, member’s or limited liability company interests in the
      Company may vote (“Voting Company Debt”).

     

    
      6

      
        
 

    

     

    (c)     There are no securities, options, warrants, calls, rights, equity-appreciation rights, restricted equity units, equity-based
      performance units or Contracts of any kind to which the Company is a party, or by which the Company or any of its properties or assets are bound, obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold, Membership
      Interests or other equity, membership, member’s or limited liability company interests in, or securities convertible into, or exchangeable or exercisable for, Membership Interests or other equity, membership, member’s or limited liability company
      interests in, the Company or obligating the Company to issue, deliver, sell, grant, extend or enter into any such security, option, warrant, call, right, unit or Contract. There are no securities or other similar instruments or obligations of the
      Company, the value of which is in any way based upon or derived from any Membership Interests or other equity, membership, member’s or limited liability company interests in the Company. There are no outstanding contractual or other obligations of
      the Company to (A) repurchase, redeem or otherwise acquire any Membership Interests or other equity, membership, member’s or limited liability company interests in the Company or (B) vote or dispose of any Membership Interests or other equity,
      membership, member’s or limited liability company interests in the Company except as set forth in the Operating Agreement. The Company is not a party to any voting agreement with respect to any Membership Interests or other equity, membership,
      member’s or limited liability company interests in the Company. There are no irrevocable proxies and no voting agreements with respect to any Membership Interests or other equity interests in the Company other than the Operating Agreement.

     

    (d)     Section 3.02(d) of the Company
        Disclosure Letter sets forth, as of the date of this Agreement, a true and complete list of all outstanding Indebtedness and Guarantees of the Company and its subsidiaries.

     

    Section 3.03     Authority; Noncontravention.

     

    (a)     The Company has the requisite limited liability company power and authority to execute, deliver and perform this Agreement, to
      consummate the transactions contemplated hereby and to comply with the provisions hereof. The execution, delivery and performance of this Agreement by the Company, the consummation by the Company of the transactions contemplated hereby and the
      compliance by the Company with the provisions hereof have been duly authorized by all necessary limited liability company action on the part of the Company, and no other proceedings on the part of the Company are necessary to execute, deliver and
      perform this Agreement, to consummate the transactions contemplated hereby or to comply with the provisions hereof. No vote or approval of holders of any Membership Interests or other equity, membership, member’s or limited liability company
      interests in the Company or any of its subsidiaries is required in connection with the execution, delivery and performance of this Agreement by the Company, the consummation by the Company of the transactions contemplated hereby and the compliance by
      the Company with the provisions hereof. This Agreement has been duly executed and delivered by the Company and, assuming the due authorization, execution and delivery by Buyer and Seller, constitutes a valid and binding obligation of the Company,
      enforceable against the Company in accordance with its terms, except as enforceability may be limited by the Bankruptcy Exceptions.

    
      7

      
        
 

    

     

    (b)     The execution, delivery and performance of this Agreement by Seller and the Company, the consummation by Seller and the Company of
      the transactions contemplated hereby and the compliance by Seller and the Company with the provisions hereof do not and will not conflict with, or result in any violation or breach of, or default (with or without notice or lapse of time, or both)
      under, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation or to a loss of a benefit under, or result in the creation of any Lien in or upon any of the properties or assets of the Company or any of
      its subsidiaries under, or give rise to any increased, additional, accelerated or guaranteed rights or entitlements under, any provision of (i) the Company’s or any of its subsidiaries’ Organizational Documents, (ii) any Contract to which the Company
      or any of its subsidiaries is a party or any of their properties or assets are subject or (iii) subject to the governmental filings and other matters referred to in Section 3.03(c), any Law, Governmental Approval or Judgment, in each case applicable
      to the Company or any of its subsidiaries or any of their properties or assets.

     

    (c)     No Consent of, or filing or submission with, or notification to, any Governmental Entity, is required to be obtained or made by or
      with respect to the Company or any of its subsidiaries in connection with the execution, delivery and performance of this Agreement by the Company, the consummation by the Company of the transactions contemplated hereby or the compliance by the
      Company with the provisions hereof, other than (i) those set forth on Section 3.03(c) of the Company Disclosure Letter, (ii) the Consents, filings or submissions as may be required under applicable requirements of the STB solely with respect to the
      STB’s approval or exemption of a change of control of the Company (the “Required STB Approvals”) and (iii) a decision by the Bureau of Land Management (“BLM”), pursuant to 43 C.F.R 2807.21, approving the assignment of the DesertXpress Right-of Way Grant in connection with the proposed acquisition of control by Buyer
      of the Company (the “Required BLM Approval”).

     

    (d)     No Third-Party Consent is required to be obtained or made by or with respect to the Company or any of its subsidiaries in connection
      with the execution, delivery and performance of this Agreement by the Company, the consummation by the Company of the transactions contemplated hereby or the compliance by the Company with the provisions hereof.

     

    Section 3.04     Financial Statements. The Company
      has made available to Buyer (i) the unaudited consolidated balance sheets of the Company and its subsidiaries as of December 31, 2016, December 31, 2015, December 31, 2014 and December 31, 2013 and the related unaudited consolidated statements of
      operations of the Company and its subsidiaries for the fiscal years ended on December 31, 2016, December 31, 2015, December 31, 2014 and December 31, 2013 (collectively, the “Yearly

          Financial Statements”), (ii) the unaudited consolidated balance sheets of the Company and its subsidiaries as of the end of each calendar month during the period beginning January 1, 2017 and ending September 30, 2017 and the related
      unaudited consolidated statements of operations of the Company and its subsidiaries for each calendar month during such period (collectively, the “Company Monthly
          Financial Statements”) and (iii) the unaudited consolidated balance sheets of Seller and its subsidiaries as of the end of each calendar month during the period beginning October 1, 2017 and ending July 31, 2018 and the related
      unaudited consolidated statements of operations of Seller and its subsidiaries for each calendar month during such period (collectively, the “Seller Monthly Financial
          Statements” and, together with the Yearly Financial Statements and the Company Monthly Financial Statements, the “Financial Statements”). The
      Financial Statements (i) are complete and accurate in all material respects, (ii) were derived from and prepared in accordance with the underlying books, records and accounts of the Company and its subsidiaries, (iii) were prepared in accordance with
      GAAP consistently applied throughout the periods covered thereby (except that the Financial Statements do not contain footnotes that may be required by GAAP, and the Company Monthly Financial Statements and the Seller Monthly Financial Statements are
      subject to normal and recurring year-end adjustments) and (iv) fairly and accurately present in all material respects the assets, Liabilities (including all reserves) and financial position of the Company and its subsidiaries as of the dates thereof
      and the results of comprehensive income (loss) of the Company and its subsidiaries for the periods then ended.

    
      8

      
        
 

    

     

    Section 3.05     Undisclosed Liabilities.

     

    (a)      Neither the Company nor any of its subsidiaries has any liabilities or obligations of any nature (whether accrued, absolute,
      contingent or otherwise) (“Liabilities”), except Liabilities (i) reflected or reserved against in the unaudited balance sheet of Seller as of April 30, 2018
      (the “Balance Sheet Date”), (ii) incurred after the Balance Sheet Date in the ordinary course of business consistent with past practices, or (iii) as would not,
      individually or in the aggregate, reasonably be expected to be material to the Company and its subsidiaries (taken as a whole).

     

    (b)     There are no off-balance sheet arrangements of any type (including any off-balance sheet arrangement required to be disclosed
      pursuant to Item 303(a)(4) of Regulation S-K promulgated under the Securities Act) pertaining to the Company or any of its subsidiaries.

     

    Section 3.06     Absence of Certain Changes or Events.

     

    (a)      Since April 30, 2018, (i) no Governmental Approval or Third-Party Consent required for the operation of the Business has expired or
      has been terminated, cancelled, revoked, suspended or otherwise lost; (ii) no new or additional conditions, restrictions or limitations have been imposed on any Governmental Approval or Third-Party Consent required for the operation of the Business;
      and (iii) the Company has not transferred, sold, disposed of, forfeited or lost its interests in or rights to any Company Properties.

     

    (b)     Since April 30, 2018, neither the Company nor any of its subsidiaries has taken any Restricted Action.

     

    Section 3.07      Proceedings. There are no
      Proceedings pending or, to the Knowledge of the Company, threatened against the Company or any of its subsidiaries or relating to the Business (including any Proceeding relating to or challenging (a) the issuance or approval of any Governmental
      Approval or Third-Party Consent required for the Business or (b) the Company’s or any of its subsidiary’s interests in or rights to any Company Properties), at law or in equity, or before or by any Governmental Entity, and neither the Company nor any
      of its subsidiaries is subject to any outstanding Judgment of any court or other Governmental Entity.

    
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    Section 3.08     Contracts.

     

    (a)      Section 3.08(a) of the Company Disclosure Letter sets forth, as of the date of this Agreement, a true and complete list of all
      Contracts to which the Company or any of its subsidiaries is a party to or bound by, or to which any of their properties or assets are subject (such Contracts, together with any Contract entered into after the date hereof that would have been
      required to be listed on Section 3.08 of the Company Disclosure Letter if such Contract had been entered into prior to the date hereof, the “Company Contracts”).

     

    (b)     Each Company Contract is valid and binding on the Company or a subsidiary of the Company party thereto and, to the Knowledge of the
      Company, each other party thereto, and is in full force and effect, and (i) none of the Company, or any its subsidiaries is in material violation or default under any Company Contract or has received notice of any asserted material violation or
      default by the Company or any of its subsidiaries party thereto under any Company Contract, (ii) no event or condition exists which constitutes, or with or without notice or lapse of time or both would constitute, a default on the part of the Company
      or any of its subsidiaries under any material Contract, (iii) as of the date of this Agreement, no other party to the Company Contracts is, to the Knowledge of the Company, in material default in any respect thereunder and (iv) as of the date of this
      Agreement, none of the Company or any of its subsidiaries has received written notice from any other party to a Company Contract that such other party intends to terminate, not renew, or renegotiate in any material respect the terms of, any such
      Company Contract.

     

    (c)      The Company has delivered to Buyer, prior to the execution of this Agreement, complete and accurate copies of all Company Contracts
      in effect as of the date hereof, and no such Company Contract has been modified, amended, waived or terminated since the date of such delivery.

     

    Section 3.09     Compliance with Laws; Governmental
          Approvals; Third-Party Consents.

     

    (a)      Since December 31, 2015, the Company and each of its subsidiaries has been and is in compliance in all material respects with all
      applicable Laws and Judgments, and, since December 31, 2015 to the date of this Agreement, the Company and its subsidiaries have not received any written notice or other written communication that they are in violation of any Law or Judgment or the
      subject of any investigation by any Governmental Entity with respect to any violation of any applicable Law or Judgment.

     

    (b)     Section 3.09(b) of the Company Disclosure Letter sets forth, as of the date of this Agreement, a true and complete list of, and the
      Company has provided Buyer with true and correct copies of, (i) all Environmental Reviews and Governmental Approvals obtained by or on behalf of the Company or any of its subsidiaries as of the date of this Agreement and (ii) to the extent not
      covered by the foregoing clause (i), all Governmental Approvals applied for within the twelve months preceding the date of this Agreement. No such Governmental Approvals or Environmental Reviews have been amended, modified or supplemented. There has
      occurred no material violation of, or default (with or without notice or lapse of time, or both) under, any such Governmental Approval, and all such Governmental Approvals are valid and in full force and effect. There are no (i) pending or, to the
      Knowledge of the Company, threatened, Proceedings which would reasonably be expected to result in the termination, revocation, cancellation, non-renewal or impairment of any such Governmental Approvals or any terms thereof, or which challenge the
      validity or outcome of any Environmental Review or (ii) conditions, limitations or other terms of such Governmental Approvals or findings or outcomes of such Environmental Reviews that would reasonably be expected to materially impair the ability of
      the Company or its subsidiaries to own, lease, develop or operate its properties and assets and to carry on the Business.

    
      10

      
        
 

    

     

    (c)      Section 3.09(c) of the Company Disclosure Letter sets forth all actions that, to the Knowledge of the Company, the Company or any
      of its subsidiaries must take within one year after the date of this Agreement to ensure that the Governmental Approvals listed in Section 3.09(b) of the Company Disclosure Letter remain in good standing without material impact for the Company and
      its subsidiaries to own, lease, develop or operate their properties and assets and to carry on the Business and to ensure such Governmental Approvals are final and non-appealable (with all statutory, regulatory and administrative periods related
      thereto having expired).

     

    (d)     Section 3.09(d) of the Company Disclosure Letter sets forth, as of the date of this Agreement, all additional Governmental Approvals
      (other than those listed in Section 3.09(b) of the Company Disclosure Letter) that neither the Company nor any of its subsidiaries has yet obtained as of the date of this Agreement and, to the Knowledge of the Company, must be obtained in order for
      the Company and its subsidiaries to construct, operate, own, maintain and otherwise carry on the Business.

     

    (e)      Section 3.09(e) of the Company Disclosure Letter sets forth, as of the date of this Agreement, a true and complete list of, and the
      Company has provided Buyer with true and correct copies of, each Third-Party Consent (i) obtained by or on behalf of the Company or any of its subsidiaries in connection with the conduct of the Business and which is in effect as of the date of this
      Agreement and (ii) to the extent not covered by the foregoing clause (i), requested within the twelve months preceding the date of this Agreement. No such Third-Party Consents have been amended, modified or supplemented. There has occurred no
      material violation of, or default (with or without notice or lapse of time, or both) under, any such Third-Party Consent, and all such Third-Party Consents are valid and in full force and effect. There are no (i) pending or, to the Knowledge of the
      Company, threatened, Proceedings which would reasonably be expected to result in the termination, revocation, cancellation, non-renewal or impairment of any such Third-Party Consents or any terms thereof or (ii) conditions, limitations or other terms
      of such Third-Party Consents that would reasonably be expected to materially impair the ability of the Company or its subsidiaries to own, lease, develop or operate its properties and assets and to carry on the Business.

     

    (f)       Section 3.09(f) of the Company Disclosure Letter sets forth all actions that, to the Knowledge of the Company, the Company or any
      of its subsidiaries must take within one year after the date of this Agreement to ensure that the Third-Party Consents listed in Section 3.09(e) of the Company Disclosure Letter remain in good standing without material impact for the Company and its
      subsidiaries to own, lease, develop or operate their properties and assets and to carry on the Business and to ensure such Third-Party Consents are final and non-appealable (with all statutory, regulatory and administrative periods related thereto
      having expired).

    
      11

      
        
 

    

     

    (g)      Section 3.09(g) of the Company Disclosure Letter sets forth, as of the date of this Agreement, all additional Third-Party Consents
      (other than those set forth on Section 3.09(e) of the Company Disclosure Letter) that neither the Company nor any of its subsidiaries has yet obtained as of the date of this Agreement and, to the Knowledge of the Company, the Company or its
      subsidiaries must obtain in order for the Company and its subsidiaries to construct, operate, own, maintain and otherwise carry on the Business.

     

    (h)     To the Knowledge of the Company, each of the Company and its subsidiaries has completed all Environmental Reviews necessary for the
      operation of the Business.

     

    Section 3.10     Benefit Plans.

     

    (a)      None of the Company nor any of its subsidiaries employs or retains, or has since December 31, 2015 employed or retained, any
      individual as an employee, individual independent contractor or other individual service provider. None of the Company nor any of its subsidiaries is a party to, is bound by or has any obligation under, any collective bargaining agreement or any
      other labor-related agreement with any labor union or any labor organization. There does not exist now, nor do any circumstances exist that reasonably could be expected to result in, any liability or obligation of the Company or any of its
      subsidiaries with respect to any Participant.

     

    (b)     None of the Company, its subsidiaries nor any of their respective ERISA Affiliates maintains, sponsors or contributes to or is a
      party to, or is required to maintain, sponsor, contribute to or be a party to, any Benefit Plan. There does not exist now, nor do any circumstances exist that reasonably could be expected to result in, any liability of the Company or any of its
      subsidiaries with respect to any (i) employee benefit plan, policy, program or arrangement now maintained or required to be maintained, or previously maintained or required to be maintained, by the Company, any of its subsidiaries or any of their
      respective ERISA Affiliates (or to which any such entity ever contributed or was required to contribute) or (ii) any compensation agreement or other similar arrangement to which the Company, any of its subsidiaries or any ERISA Affiliate is a party.

     

    (c)      None of the Company nor any of its subsidiaries has or is reasonably likely to incur any liability or obligation arising out of (i)
      the misclassification of individuals hired to provide services to the Company and its subsidiaries and treating such individuals as consultants or independent contractors and not as employees, including for purposes for participation of such
      individuals in any Benefit Plans or (ii) any arrangement with any Person involving the (A) leasing of employees or (B) co-employment of individuals, in the case of this clause (ii), for purposes of providing services to the Company and its
      subsidiaries, including any liability or obligation under or on account of (x) any Benefit Plan or any benefit plan, program, Contract or arrangement of such Person or (y) the failure to comply with applicable Laws with respect to any such
      individuals.

    
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    Section 3.11         Additional
          Environmental Matters.

    (a)          To the Knowledge of the Company, each of the Company and its subsidiaries are, and since December 31, 2015
      have been, in compliance in all material respects with all Environmental Laws, and neither the Company nor any of its subsidiaries have received any (i) communication alleging that the Company or any of its subsidiaries is in violation of, or may
      have material Liability under, any Environmental Law or (ii) currently outstanding written request by any Governmental Entity for information pursuant to any Environmental Law; (b) there are no material Environmental Claims pending or, to the
      Knowledge of the Company, threatened against the Company or any of its subsidiaries; (c) to the Knowledge of the Company, there has been no Release of, or exposure to, any Hazardous Material, and there are no other facts or conditions, that would
      reasonably be expected to form the basis of any material Environmental Claim against the Company or any of its subsidiaries; (d) to the Knowledge of the Company, there are no underground or aboveground storage tanks or known or suspected
      asbestos-containing materials on, at, under or about any property owned, operated or leased by the Company or any of its subsidiaries; (e) neither the Company nor any of its subsidiaries have retained or assumed, either contractually or by operation
      of Law, any Liabilities that would reasonably be expected to form the basis of any material Environmental Claim against the Company or any of its subsidiaries; and (f) the Company has delivered to Buyer complete and accurate copies of all Phase I and
      Phase II environmental assessments, remedial reports, environmental compliance audits, Natural Hazard Disclosure Reports and other material environmental reports and correspondence relating to the Business, the Company Properties or any real
      properties or interest in real properties formerly owned, leased or otherwise possessed by the Company and its subsidiaries.

    (b)          For all purposes of this Agreement, (i) “Environmental Claims” means any and all administrative, regulatory or judicial Proceedings, Judgments, demands, directives, Liens or notices of noncompliance or violation by or from any person alleging Liability of any kind or
      nature (including Liability or responsibility for the costs of enforcement Proceedings, cleanup, governmental response, removal or remediation, natural resource damages, property damages, personal injuries, medical monitoring, penalties,
      contribution, indemnification and injunctive relief) arising out of, based on or resulting from (A) the presence or Release of, or exposure to, any Hazardous Material at any location or (B) the failure to comply with any Environmental Law; (ii) “Environmental Law” means any Law, Governmental Approval or Judgment enacted, entered, promulgated, enforced or issued by or with any Governmental Entity relating to
      pollution, the environment, the climate, natural resources, health and safety, noise, the protection of wetlands, wildlife, biota or endangered or threatened species or the management of waste, wastewater or storm water; (iii) “Hazardous Materials” means (a) any petroleum or petroleum products, by-products, fractions, additives or derivatives, (b) any methane gas, natural gas, natural gas
      liquid, liquefied natural gas, synthetic gas usable for fuel, radioactive materials or wastes, asbestos, polychlorinated biphenyls, chlorofluorocarbons and other ozone-depleting substances and (c) any other chemical, material, substance or waste that
      is regulated or can form the basis in liability under any Environmental Law; (iv) “Release” means any actual or threatened release, spill, emission, leaking,
      dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or within any building, structure, facility or fixture; and (v) “Natural Hazards Disclosure Reports” means any reports disclosing whether a real property lies within the following natural hazard areas or zones: (a) a special flood hazard area designated by the Federal Emergency
      Management Agency (California Civil Code Section 1103(c)(1)); (b) an area of potential flooding (California Government Code Section 8589.4); (c) a very high fire hazard severity zone (California Government Code Section 51178 et seq.); (d) a wild land
      area that may contain substantial forest fire risks and hazards California Public Resources Code Section 4135; (e) earthquake fault zone (California Public Resources Code Section 2622); or (f) a seismic hazard zone (California Public Resources Code
      Section 2696).

    
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    Section 3.12         Taxes.

    (a)          As used in this Agreement, (1) “taxes”
      means all taxes, levies, imposts, assessments, duties, tariffs, withholdings, fees or similar charges of any kind whatsoever, in each case in the nature of a tax, imposed by any Governmental Authority or other taxing authority, whether domestic or
      non-U.S. (including income, excise, property, sales use, transfer conveyance, payroll or other employment related tax or contribution, unemployment insurance premiums, license, registration, ad valorem, value added, social security, franchise, stamp
      taxes, taxes based upon or measured by capital stock, net worth or gross receipts and other taxes), together with all interest, fines, penalties and additions attributable to or imposed with respect to such amounts, whether disputed or not; (2) “taxing authority” means any governmental or quasi-governmental body (including any subdivision, agency or commission thereof) exercising regulatory authority in
      respect of taxes; and (3) “tax return” means any return, declaration, report, form, schedule, notice, claim for refund, estimate, information return or
      statement, including any related or supporting information with respect thereto, and including any amendment thereof, filed or required to be filed with any taxing authority.

    (b)          Neither the Company nor any of its subsidiaries is currently classified as, or has made an election under U.S.
      Treasury Regulations Section 301.7701-3 to be classified as, an association taxable as a corporation for U.S. Federal income tax purposes.

    (c)          The Company and each of its subsidiaries has prepared (or caused to be prepared) and timely filed (taking into
      account valid extensions of time within which to file) all tax returns required to be filed by any of them, and all such filed tax returns (taking into account all amendments thereto) are complete and accurate in all material respects. Neither the
      Company nor any of its subsidiaries has requested any extension of time within which to file any tax return that has not yet been filed.

    (d)          All taxes owed by the Company and each of its subsidiaries that are due (whether or not shown as due on a tax
      return) have been duly and timely paid in accordance with all applicable Laws. The Company and each of its subsidiaries has accrued on its books and records, in accordance with GAAP, all taxes that are not yet due and payable.

    (e)          There are no Liens for taxes upon the properties or assets of the Company or any of its subsidiaries, except
      for statutory Liens for taxes not yet due and payable.

    (f)          The Company and each of its subsidiaries has not received notice of any pending audits, examinations,
      investigations, proposed adjustments, claims or other proceedings in respect of any taxes of the Company or any of its subsidiaries. Each assessed deficiency resulting from any audit or examination by any taxing authority has been timely paid and
      there is no assessed deficiency, refund litigation, proposed adjustment or matter in controversy with respect to any taxes due and owing by the Company or any of its subsidiaries.

    
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    (g)          Neither the Company nor any of its subsidiaries has currently in effect or pending written requests,
      agreements, Consents or waivers of any statute of limitations in respect of taxes or any agreement to any extension of time with respect to an assessment or deficiency for taxes (other than pursuant to extension of time to file tax returns obtained
      in the ordinary course of business).

    (h)          Neither the Company nor any of its subsidiaries is (i) liable with respect to taxes of any other person as a
      transferee or successor, by Contract or otherwise, or (ii) a party to or bound by any tax sharing agreement, tax indemnity obligation or similar agreement, arrangement or practice (whether express or implied) with respect to taxes (including any
      closing agreement or other agreement relating to taxes with any taxing authority).

    (i)          Neither the Company nor any of its subsidiaries will be required to include in any taxable period ending after
      the Closing Date (i) taxable income attributable to income that accrued in a taxable period prior to the Closing Date but not recognized in such prior taxable period as a result of the installment method of accounting, the completed contract method
      of accounting, the long-term contract method of accounting, the cash method of accounting or Section 481 of the Code (or any comparable provision of any Law), or for any other reason (including as a result of prepaid amounts or deferred revenue
      received on or prior to the Closing Date) or (ii) income deferred under Section 108(i) of the Code in a taxable period beginning prior to the Closing Date.

    (j)          Each of the Company and its subsidiaries has complied in all material respects with all applicable Laws
      relating to the collection, payment and withholding and remittances of taxes.

    (k)          No claim has ever been made by a taxing authority in a jurisdiction where the Company or any of its
      subsidiaries does not file tax returns that the Company or any of its subsidiaries is or may be subject to taxes assessed by such jurisdiction.

    (l)          Neither the Company nor any of its subsidiaries has engaged in any “listed transaction” within the meaning of
      U.S. Treasury Regulation Section 1.6011-4(b)(2).

    (m)          Section 3.12(m) of the Company Disclosure Letter sets forth a list of all tax returns required to be filed by
      the Company or any of its subsidiaries for which the applicable taxable period began before and ends after the Closing Date.

    Section 3.13         Real and Personal
          Property.

    (a)          Each of the Company and its subsidiaries has good and marketable title to, or valid leasehold interests in,
      all of its real and personal property and assets, free and clear of all Liens, other than Permitted Liens. The Company and its subsidiaries own, lease or otherwise possess a valid legal interest in all Company Properties necessary and sufficient for
      the conduct of the Business.

    
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    (b)          Section 3.13(b) of the Company Disclosure Letter sets forth a true and complete list, as of the date of this
      Agreement, of all land, buildings, facilities, locations, offices and other real property interests owned in fee simple by the Company or any of its subsidiaries (each, an “Owned

          Property”), including, for each such Owned Property, a legal description (with acreage and square footage), the name of the record owner, and the permitted use thereof. With respect to the Owned Properties, (i) none of the Company or
      its subsidiaries have leased or otherwise granted anyone the right to use or occupy any Owned Property or any portion thereof, (ii) there are no outstanding contracts, options, rights of first offer or rights of first refusal in favor of any third
      parties to purchase any Owned Property or any portion thereof or interest therein and (iii) there is no condemnation or other proceeding in eminent domain, pending or, to the Knowledge of the Company, threatened, affecting any parcel of Owned
      Property or any portion thereof or interest therein.

    (c)          Section 3.13(c) of the Company Disclosure Letter sets forth a true and complete list, as of the date of this
      Agreement, of each lease, sublease, license or other occupancy agreement in respect of any real property to which the Company or any of its subsidiaries is a party as lessee, sublessee, licensee or occupant (each such lease, sublease, license or
      other occupancy agreement, together with any amendments thereto, and any lease, sublease, license or other occupancy agreement entered into after the date hereof that would have been required to be listed on Section 3.13(c) of the Company Disclosure
      Letter, a “Real Property Lease” and the real property demised under or subject to each Real Property Lease, a “Leased Property”). With respect to the Leased Properties, (i) each Real Property Lease is legal, valid, binding and in full force and effect and is enforceable by the Company or one of its subsidiaries (as
      applicable) against the other party or parties thereto in accordance with its terms, subject to the Bankruptcy Exceptions, (ii) the Company or one of its subsidiaries (as applicable) has performed all material obligations required to be performed by
      it under each Real Property Lease and is not (with or without notice or lapse of time, or both) in breach or default in any material respect thereunder, (iii) to the Knowledge of the Company, no other party to any Real Property Lease is (with or
      without notice or lapse of time, or both) in breach or default in any material respect thereunder, (iv) the delivery and execution of this Agreement and the consummation of the transactions contemplated hereunder do not require the consent of the
      landlord or any other person under any such Real Property Lease, (v) none of the Company or its subsidiaries have subleased, licensed or otherwise granted anyone the right to use or occupy any Leased Property or any portion thereof or have
      collaterally assigned or granted any other security interest in any such leasehold estate or any interest therein and (vi) there is no condemnation or other proceeding in eminent domain pending or, to the Knowledge of the Company, threatened,
      affecting any portion of a Leased Property. Complete and accurate copies of each Real Property Lease have been delivered to Buyer and no such Real Property Lease has been modified, amended, waived or terminated since the date of such delivery.

    
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    (d)          Section 3.13(d) of the Company Disclosure Letter sets forth a true and complete list, as of the date of this
      Agreement, of each material easement, access right, encroachment agreement, right of way, crossing agreement and other similar real property right to which the Company or any of its subsidiaries benefits from or is a party (the “Real Property Interests”, and the Owned Properties, Leased Properties and Real Property Interests, collectively, shall hereinafter be known as the “Company Properties”). With respect to the Real Property Interests, (i) such Real Property Interest is legal, valid, binding and in full force and effect and is
      enforceable by the Company or one of its subsidiaries (as applicable) against the other party or parties thereto in accordance with its terms, subject to the Bankruptcy Exceptions, (ii) the Company or one of its subsidiaries (as applicable) has
      performed all material obligations required to be performed by it under each Real Property Interest and is not (with or without notice or lapse of time, or both) in breach or default in any material respect thereunder, (iii) to the Knowledge of the
      Company, no other party to any Real Property Interest is (with or without notice or lapse of time, or both) in breach or default in any material respect thereunder, (iv) the delivery and execution of this Agreement and the consummation of the
      transactions contemplated hereunder do not require the consent of the land owner or any other person under any such Real Property Interest, (v) none of the Company or its subsidiaries have leased, licensed or otherwise granted anyone the right to use
      or occupy any Real Property Interest or any portion thereof or have collaterally assigned or granted any other security interest in any such Real Property Interest or any interest therein and (vi) there is no condemnation or other proceeding in
      eminent domain pending or, to the Knowledge of the Company, threatened, affecting any portion of a Real Property Interest.

    (e)          Except for the Company Properties, none of the Company or any of its subsidiaries occupy, are legally
      obligated for, have an interest in, or otherwise use, any land, buildings, facilities, locations or offices, and nor do they have any rights or obligations to acquire such interests.

    (f)          None of Seller, the Manager, any Member or any other affiliate of Seller (other than the Company and its
      subsidiaries) owns or has any interest in any of the assets, properties or rights utilized by the Company or any of its subsidiaries in the operation of the Business as presently conducted.

    Section 3.14         Intellectual Property.

    (a)          Section 3.14(a) of the Company Disclosure Letter sets forth a true and complete list, as of the date of this
      Agreement, of all registrations and applications for registrations of Intellectual Property owned by the Company or any of its subsidiaries (the “Scheduled Company
          Intellectual Property”).

    (b)          (i) The Company or one of its subsidiaries exclusively owns all right, title and interest in and to the
      Scheduled Company Intellectual Property, free and clear of all Liens; (ii) all necessary filings, registrations, recordations and payments necessary to protect and maintain the Company’s or one of its subsidiaries’ interest in the Scheduled Company
      Intellectual Property have been made; (iii) there are no Proceedings (including for opposition, cancellation, revocation or rectification) pending or, to the Knowledge of the Company, threatened against the Company or any of its subsidiaries by any
      person with respect to the ownership, validity, enforceability, effectiveness, registration or use of the Scheduled Company Intellectual Property; (iv) neither the Company nor any of its subsidiaries is subject to any outstanding Judgment involving
      the Scheduled Company Intellectual Property; and (v) the Scheduled Company Intellectual Property is subsisting, valid and enforceable.

    
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    (c)          Since December 31, 2015, the activities of the Company and its subsidiaries and, to the Knowledge of the
      Company, of any licensee of Intellectual Property licensed by the Company or any of its subsidiaries have not infringed, misappropriated or otherwise conflicted with the Intellectual Property of any third-party. To the Knowledge of the Company, no
      third-party has infringed or misappropriated since December 31, 2015, or is infringing or misappropriating, any material Scheduled Company Intellectual Property. During the period from December 31, 2015 to the date hereof, neither the Company nor any
      of its subsidiaries has initiated or threatened in writing any claim, and after the date hereof neither the Company nor any of its subsidiaries will have initiated or threatened in writing any material claim, in each case against any person alleging
      that such person infringes any Company Intellectual Property. During the period from December 31, 2015 to the date hereof, no person has initiated or threatened in writing any claim, and after the date hereof no person will have initiated or
      threatened in writing any material claim, in each case against the Company or any of its subsidiaries alleging that the Company or any of its subsidiaries infringes Intellectual Property of any third-party.

    Section 3.15         Transactions with
          Affiliates. There are no Contracts currently in effect or pursuant to which the parties thereto have current or future rights or obligations between, among or involving the Company or any of its subsidiaries, on the one hand, and
      Seller, the Manager, any Member or any other affiliate of Seller (other than the Company and its subsidiaries) or any Participant, on the other hand (such Contracts, “Affiliate

          Contracts”). No payments (including dividends, distributions, loans, service or trade payments, salary, bonuses, payments under any management, consulting, monitoring or financial advisory agreement, advances or otherwise) have been
      made to or received from the Company or any of its subsidiaries, on the one hand, and Seller or any of its affiliates (other than the Company and its subsidiaries) or any Participant, on the other hand. No affiliate of the Company or any of its
      subsidiaries (including Seller) owns, leases or holds any assets (including any Governmental Approvals and Third-Party Consents) used by the Company and its subsidiaries or which would reasonably be expected to be used in the Business.

    Section 3.16         Brokers. No
      brokers or finders have acted for any of Seller, the Company or any other affiliate of any of Seller in connection with this Agreement or the transactions contemplated hereby and no person may be entitled to any brokerage fee, finder’s fee or
      commission in respect thereof.

    Section 3.17         Subsidiaries.

    (a)          Section 3.17 of the Company Disclosure Letter identifies each subsidiary of the Company, as of the date of
      this Agreement, together with the jurisdiction of its organization and the number of shares of each class of its capital stock (or other equity, membership or limited liability company interest) owned by the Company, any of its subsidiaries, or any
      other person, all of which have been duly authorized, validly issued and are fully paid and nonassessable, and none of which are subject to or have been issued in violation of any purchase option, call option, subscription right or forfeiture
      conditions or any similar right under the Organizational Documents of such subsidiary or any Contract to which such subsidiary is party or otherwise bound. The subsidiaries of the Company do not have any other capital stock (or other equity,
      membership or limited liability company interest) authorized, issued or outstanding, and there are no securities, options, warrants, calls, rights, equity-appreciation rights, restricted equity units, equity-based performance units or Contracts of
      any kind to which any subsidiary of the Company is a party, or by which any subsidiary of the Company or any of its properties or assets are bound, obligating any subsidiary of the Company to issue, deliver or sell, or cause to be issued, delivered
      or sold, capital stock (or other equity, membership or limited liability company interests) in, or securities convertible into, or exchangeable or exercisable for, capital stock (or other equity, membership or limited liability company interests) in,
      any subsidiary of the Company or obligating any subsidiary of the Company to issue, deliver, sell, grant, extend or enter into any such security, option, warrant, call, right, unit or Contract. There are no outstanding contractual or other
      obligations of any subsidiary of the Company to (A) repurchase, redeem or otherwise acquire any capital stock (or other equity, membership or limited liability company interests) in such subsidiary or (B) vote or dispose of any capital stock (or
      other equity, membership or limited liability company interests) in such subsidiary. No subsidiary of the Company is a party to any voting agreement with respect to any capital stock (or other equity, membership or limited liability company
      interests) in such subsidiary. There are no irrevocable proxies and no voting agreements with respect any capital stock (or other equity, membership or limited liability company interests) in any subsidiary of the Company.

    
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    (b)          There are no bonds, debentures, notes or other Indebtedness of any subsidiary of the Company that have or by
      their terms may have at any time the right to vote (or which are convertible into, or exchangeable for, securities having the right to vote) on any matters on which the holders of capital stock (or other equity, membership or limited liability
      company interests) in such subsidiary may vote (“Voting Subsidiary Debt”). There are no securities or other similar instruments or obligations of any subsidiary
      of the Company, the value of which is in any way based upon or derived from any capital stock (or other equity, membership or limited liability company interests) in any subsidiary of the Company.

    (c)          Each subsidiary identified on Section 3.17 of the Company Disclosure Letter (i) is duly organized, validly
      existing and in good standing under the Laws of the jurisdiction of its incorporation or organization and (ii) has all requisite corporate, or other legal entity, as the case may be, power and authority to enable it to use its name and to own, lease
      or otherwise hold and operate its properties or assets and to carry on its business as presently conducted. Each subsidiary identified on Section 3.17 of the Company Disclosure Letter is duly qualified or licensed to conduct business and is in good
      standing under the laws of each jurisdiction in which the nature of its business or the ownership, leasing or operation of its properties or assets makes such qualification or licensing necessary.

    (d)          Each subsidiary identified on Section 3.17 of the Company Disclosure Letter is, directly or indirectly, wholly
      owned by the Company, free and clear of any Liens. There are no declared but unpaid dividends or other distributions in respect of any share of capital stock (or other equity or voting interest) in any of the subsidiaries of the Company.

    Section 3.18         Exclusivity of
          Representations and Warranties. Neither the Company nor any of its affiliates is making any representation or warranty of any kind or nature whatsoever, oral or written, express or implied (including, but not limited to, any relating
      the financial condition, results of operations, assets or liabilities of the Company), except as expressly set forth in this Article III, Article IV and the Company Disclosure Letter, and the Company hereby disclaims any such other representations and warranties. The Company acknowledges and agrees
      that except for the representations and warranties made by Buyer in Article V and in the Buyer Disclosure Letter, neither Buyer nor any of its affiliates makes
      any other representation or warranty of any kind or nature whatsoever, oral or written, express or implied, with respect to Buyer or its affiliates.

    
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    ARTICLE IV

    Representations and Warranties Regarding Seller

    Except as set forth on the Company Disclosure Letter, Seller represents and warrants to Buyer as of the date of this
      Agreement and as of the Closing as follows:

    Section 4.01          Organization.
      Seller is a limited liability company duly organized, validly existing and in good standing under the Laws of the state of Nevada and has all requisite power and authority to carry on its business as presently conducted.

    Section 4.02         Authority;
          Noncontravention.

    (a)          Seller has the requisite capacity and authority to execute, deliver and perform this Agreement and the
      Stockholder Agreement, to consummate the transactions contemplated hereby and thereby and to comply with the provisions hereof and thereof. The execution, delivery and performance of this Agreement and the Stockholder Agreement by Seller, the
      consummation by Seller of the transactions contemplated hereby and thereby and the compliance by Seller with the provisions hereof and thereof have been duly authorized by all necessary limited liability company action on the part of Seller, and no
      other limited liability company proceedings on the part of Seller are necessary to execute, deliver and perform this Agreement or the Stockholder Agreement, to consummate the transactions contemplated hereby and thereby and to comply with the
      provisions hereof and thereof. Seller has duly executed and delivered this Agreement and, subject to the terms and conditions of this Agreement, will duly execute and deliver the Stockholder Agreement at the Closing, and, assuming due authorization,
      execution and delivery by Buyer and the Company, constitutes (or, in the case of the Stockholder Agreement, will constitute) a valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as enforceability
      may be limited by the Bankruptcy Exceptions.

    (b)          The execution, delivery and performance of this Agreement and the Stockholder Agreement by Seller, the
      consummation by Seller of the transactions contemplated hereby and thereby and the compliance by Seller with the provisions hereof and thereof do not and will not conflict with, or result in any violation or breach of, or default (with or without
      notice or lapse of time, or both) under, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation or to a loss of a benefit under, or result in the creation of any Lien in or upon any of the properties or
      assets of Seller under, or give rise to any increased, additional, accelerated or guaranteed rights or entitlements under, any provision of (i) the Organizational Documents of Seller, (ii) any Contract to which Seller is a party or any of its
      properties or assets is subject or (iii) subject to the governmental filings and other matters referred to in Section 4.02(c), any Law or Judgment, in each
      case applicable to Seller or any of its properties or assets.

    
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    (c)          No Consent of, or filing or submission with, any Governmental Entity is required to be obtained or made by or
      with respect to Seller in connection with the execution, delivery and performance of this Agreement or the Stockholder Agreement by Seller, the consummation by Seller of the transactions contemplated hereby and thereby or the compliance by Seller
      with the provisions hereof and thereof, other than (i) the Required STB Approvals and (ii) the Required BLM Approval.

    (d)          No Consent of, or filing or submission with, or notification to, any person (that is not a Governmental
      Entity) is required to be obtained or made by or with respect to Seller in connection with the execution, delivery and performance of this Agreement or the Stockholder Agreement by Seller, the consummation by Seller of the transactions contemplated
      hereby and thereby or the compliance by Seller with the provisions hereof and thereof.

    Section 4.03         Title to Membership
          Interests. Seller (i) holds and has good and valid title to all of the outstanding Membership Units, free and clear of all Liens, proxies, voting trusts or agreements, understandings or arrangements (except for any such Liens or
      proxies arising hereunder and except for the Operating Agreement) and (ii) is the sole record and beneficial owner thereof. Without limiting the foregoing, Seller is not a party to any Contract pursuant to which any person (other than Buyer) has a
      right to acquire the Membership Units. Assuming Buyer has the requisite power and authority to be the lawful owner of such Membership Interests, upon delivery to Buyer at the Closing of an instrument sufficient to transfer such Membership Interests,
      and upon Seller’s receipt of the amount payable to Seller pursuant to Sections 2.01(c)(i) and 2.01(c)(ii), good and valid title to such Membership Interests will pass to Buyer, free and clear of all Liens, proxies, voting trusts or agreements, understandings or arrangements.

    Section 4.04         Transactions with
          Affiliates. None of Seller or any of its affiliates (other than the Company and its subsidiaries) owns or has any interest in any of the assets, properties or rights utilized by the Company or any of its subsidiaries or otherwise
      related to the Business.

    Section 4.05         Exclusivity of
          Representations and Warranties. Neither Seller nor any of its affiliates is making any representation or warranty of any kind or nature whatsoever, oral or written, express or implied (including, but not limited to, any relating to the
      financial condition, results of operations, assets or liabilities of the Company), except as expressly set forth in Article III, this Article IV and the Company Disclosure Letter, and Seller hereby disclaims any such other representations and warranties. Seller acknowledges and agrees that except for the
      representations and warranties made by Buyer in Article V and in the Buyer Disclosure Letter, neither Buyer nor any of its affiliates makes any other
      representation or warranty of any kind or nature whatsoever, oral or written, express or implied, with respect to Buyer or its affiliates.

    
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    ARTICLE V 

     

    

    Representations and Warranties Regarding Buyer

     

    Buyer represents and warrants to Seller as of the date of this Agreement and as of Closing as follows:

     

    Section 5.01          Organization. Buyer is, as
      of the date of this Agreement, a limited liability company and will be, as of the Closing, a limited liability company or a corporation, in each case, duly organized, validly existing and in good standing under the Laws of the state of Delaware and
      has all requisite power and authority to carry on its business as presently conducted.

     

    Section 5.02          Buyer Capitalization.

     

    (a)           All of the issued and outstanding Buyer Common Shares have been duly authorized and validly issued. The Buyer Common Shares to
      be issued in connection with the Acquisition, when issued in accordance with this Agreement, will be duly authorized and validly issued and, if the Buyer Common Shares issued in connection with the Acquisition are Buyer Public Shares, such shares
      will be fully paid and nonassessable. Except as set forth in Section 5.02(a) of the Buyer Disclosure Letter, there are outstanding no securities, options, warrants, calls, rights, stock appreciation rights, restricted stock units, performance-based
      restricted stock units or Contracts of any kind to which Buyer is a party, or by which Buyer or any of its properties or assets are bound, obligating Buyer to issue, deliver or sell, or cause to be issued, delivered or sold, Buyer Common Shares or
      other equity interests in, or securities convertible into, or exchangeable or exercisable for, Buyer Common Shares or other equity interests in, Buyer or obligating Buyer to issue, deliver, sell, grant, extend or enter into any such security, option,
      warrant, call, right, unit or Contract. Except as required by the terms of any stock options, stock appreciation rights or restricted stock units (whether time-based or performance-based), there are no outstanding contractual or other obligations of
      Buyer to repurchase, redeem or otherwise acquire Buyer Common Shares or other equity interests in Buyer.

     

    (b)           Except as set forth in this Section 5.02,
      there are no bonds, debentures, notes or other Indebtedness of Buyer that have or by their terms may have at any time the right to vote (or which are convertible into, or exchangeable for, securities having the right to vote) on any matters on which
      the holders of Buyer Common Shares or other equity interests in Buyer may vote. Except as set forth in this Section 5.02, there are no securities or other
      similar instruments or obligations of Buyer, the value of which is in any way based upon or derived from any Buyer Common Shares or other equity interests in Buyer.

     

    Section 5.03          Authority; Noncontravention.

     

    (a)           Buyer has the requisite limited liability company or corporate power, as applicable, and authority to execute, deliver and
      perform this Agreement and the Stockholder Agreement, to consummate the transactions contemplated hereby and thereby and to comply with the provisions hereof and thereof. The execution, delivery and performance of this Agreement and the Stockholder
      Agreement by Buyer, the consummation by Buyer of the transactions contemplated hereby and thereby and the compliance by Buyer with the provisions hereof and thereof have been duly authorized by all necessary limited liability company action on the
      part of Buyer, and no other limited liability company proceedings on the part of Buyer are necessary to execute, deliver and perform this Agreement or the Stockholder Agreement, to consummate the transactions contemplated hereby and thereby or to
      comply with the provisions hereof and thereof. Buyer has duly executed and delivered this Agreement and, subject to the terms and conditions of this Agreement, will duly execute and deliver the Stockholder Agreement, and, assuming the due
      authorization, execution and delivery by the Company and Seller, constitutes (or, in the case of the Stockholder Agreement, will constitute) a valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as
      enforceability may be limited by the Bankruptcy Exceptions.

    
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    (b)           The execution, delivery and performance of this Agreement and the Stockholder Agreement by Buyer and the consummation by Buyer
      of the transactions contemplated hereby and thereby and compliance by Buyer with the provisions hereof and thereof do not and will not conflict with, or result in any violation or breach of, or default (with or without notice or lapse of time, or
      both) under, or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation or to a loss of a benefit under, or result in the creation of any Lien in or upon any of the properties or assets of Buyer under, or
      give rise to any increased, additional, accelerated or guaranteed rights or entitlements under, any provision of (i) its Organizational Documents, (ii) any Contract to which Buyer is party or any of its properties or assets is subject or (iii)
      subject to the governmental filings and other matters referred to in Section 5.03(c), any Law or Judgment, in each case applicable to Buyer or any of its
      properties or assets.

     

    (c)           No Consent of, or filing or submission with, any Governmental Entity is required to be obtained or made by or with respect to
      Buyer in connection with the execution, delivery and performance of this Agreement or the Stockholder Agreement by Buyer, the consummation by Buyer of the transactions contemplated hereby and thereby or the compliance by Buyer with the provisions
      hereof and thereof, other than (i) the Required STB Approvals and (ii) the Required BLM Approval.

     

    Section 5.04          Securities Act. The
      Membership Interests purchased by Buyer in the Acquisition are being acquired for investment only and not with a view to any public distribution thereof, and Buyer shall not offer to sell or otherwise dispose of such Membership Interests so acquired
      by it, in violation of any of the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

     

    Section 5.05          Financial Statements. Buyer
      has made available to Seller the audited combined balance sheets of Buyer as of December 31, 2017 and December 31, 2016, and the related audited combined statements of operations and comprehensive loss, invested equity and cash flows of Buyer for the
      fiscal years ended on December 31, 2017 and December 31, 2016 (collectively, the “Buyer Financial Statements”). The Buyer Financial Statements (i) are complete
      and accurate in all material respects, (ii) were derived from and prepared in accordance with the underlying books, records and accounts of Buyer, (iii) were prepared in accordance with GAAP consistently applied throughout the periods covered thereby
      and (iv) fairly and accurately present in all material respects the assets, Liabilities (including all reserves) and financial position of Buyer as of the dates thereof and the results of operations, changes in member’s equity and changes in cash
      flows of Buyer for the periods then ended.

    
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    Section 5.06          Compliance with Laws. Since
      December 31, 2015, Buyer and each of its subsidiaries has been and is in compliance in all material respects with all applicable Laws, and, since December 31, 2015 to the date of this Agreement, Buyer and its subsidiaries have not received any
      written notice or other written communication that they are in violation in any material respect of any Law or the subject of any investigation by any Governmental Entity with respect to any material violation of any applicable Law.

     

    Section 5.07          Brokers; Fees and Expenses.
      The only brokers or finders that have acted for Buyer or its affiliates in connection with this Agreement or the transactions contemplated hereby or that may be entitled to any brokerage fee, finder’s fee or commission in respect thereof are persons
      whose fees or commissions will be paid by Buyer.

     

    Section 5.08          Sufficient Funds. By no
      later than the Deposit Date, Buyer shall have, or shall have access to, sufficient cash, available lines of credit or other sources of immediately available funds to make payment of the Deposit Amount in accordance with Section 2.03. At the Closing, Buyer shall have, or shall have access to, sufficient cash, available lines of credit or other sources of immediately available funds to make payment of
      the Cash Purchase Price in accordance with Section 2.01(c)(i) (if and to the extent required to be made pursuant to Section 2.01(c)) and to consummate the transactions contemplated hereby. Buyer shall have, or shall have access to, sufficient cash, available lines of credit or other sources of immediately
      available funds to make payment of the Supplemental Cash Purchase Price at the time such payment is due in accordance with Section 2.04 (if and to the extent
      required to be made in accordance with Section 2.04).

     

    Section 5.09          Exclusivity of Representations and
          Warranties. Neither Buyer nor any of its affiliates is making any representation or warranty of any kind or nature whatsoever, oral or written, express or implied, except as expressly set forth in this Article V or the Buyer Disclosure Letter, and Buyer hereby disclaims any such other representations and warranties. Buyer acknowledges and agrees that except for the representations and
      warranties made by the Company and Seller in Articles III and IV and

      in the Company Disclosure Letter, none of the Company, Seller or any of their respective affiliates makes any other representation or warranty of any kind or nature whatsoever, oral or written, express or implied with respect to the Company, Seller
      or their respective affiliates.

     

    ARTICLE VI

     

    Covenants

     

    Section 6.01          Covenants Relating to Conduct Prior to
          the Closing.

     

    (a)           Except as set forth in Section 6.01(a) of the Company Disclosure Letter, as required by this Agreement or with the prior
      written consent of Buyer, from the date of this Agreement to the Closing, Seller and the Company shall conduct the Business in the ordinary course, in a manner consistent with past practice and in compliance in all material respects with all
      applicable Laws and Judgments.

    
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    (b)           Except as set forth in Section 6.01(b) of the Company Disclosure Letter, as required by this Agreement or with the prior
      written consent of Buyer, from the date of this Agreement to the Closing, Seller (to the extent relating to the Business) and the Company shall not, and shall not permit any of their subsidiaries to, take any of the following actions (each, a “Restricted Action”):

     

    (i)            amend its or any of its subsidiaries’ Organizational Documents;

     

    (ii)           (A) declare, set aside or pay any non-cash dividend on, or other distribution (whether in stock or property) in respect of,
      any Membership Interests or other equity, membership, member’s or limited liability company interests in the Company, (B) repurchase, redeem or otherwise acquire any Membership Interests or other equity, membership, member’s or limited liability
      company interests in the Company, (C) repurchase, redeem or otherwise acquire any capital stock (or other equity, membership, member’s or limited liability company interests) in any subsidiary of the Company or (D) split, combine, subdivide,
      consolidate or reclassify any Membership Interests or other equity, membership, member’s or limited liability company interests in the Company;

     

    (iii)          (A) hire or retain any employee, individual independent contractor or other individual service provider, (B) increase or
      accelerate the payment or vesting of any compensation or benefit with respect to any Participant or (C) adopt, establish or enter into any employee benefit plan or arrangement that could be a Benefit Plan if adopted, established or entered into prior
      to the date hereof;

     

    (iv)          issue, deliver, sell, pledge (or subject to a Lien), grant, extend or enter into (A) any securities, options, warrants,
      calls, rights, equity-appreciation rights, restricted equity units, equity-based performance units or Contracts of any kind to which the Company or any of its subsidiaries is a party, or by which the Company or any of its subsidiaries or any of their
      properties or assets are bound, obligating the Company or any of its subsidiaries to issue, deliver or sell, or cause to be issued, delivered or sold, Membership Interests or other equity, membership, member’s or limited liability company interests
      in, or securities convertible into, or exchangeable or exercisable for, Membership Interests or other equity, membership, member’s or limited liability company interests in, the Company or any of its subsidiaries or obligating the Company or any of
      its subsidiaries to issue, grant, extend or enter into any such security, option, warrant, call, right, unit or Contract, (B) any Voting Company Debt or Voting Subsidiary Debt or (C) any securities or other similar instruments or obligations of the
      Company or any of its subsidiaries, the value of which is in any way based upon or derived from any Membership Interests or other equity, membership, member’s or limited liability company interests in the Company or any of its subsidiaries;

     

    (v)           incur any Indebtedness or grant any Guarantee in respect thereof;

     

    (vi)           permit any of its properties or assets to become subject to any Lien (other than any Permitted Lien);

    
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    (vii)         (A) make any changes in any method of accounting or accounting practice or policies other than those required by GAAP or
      applicable Law or (B) change its fiscal year;

     

    (viii)        acquire (including by merger or consolidation) any assets, person or business;

     

    (ix)           sell, transfer, lease, license, cancel or abandon or otherwise dispose of any assets;

     

    (x)            enter into, modify, amend or terminate any Contract;

     

    (xi)           modify, amend, accelerate, terminate, cancel, grant any waiver or release or assign any material rights or claims under any
      Real Property Lease or Real Property Interest;

     

    (xii)          make or incur any capital expenditure;

     

    (xiii)         pay, loan or advance any amount to, or sell, transfer, lease, license or otherwise dispose of any assets to, or enter into
      any Contract with, Seller or any of its affiliates;

     

    (xiv)         make, revoke or change any tax election, adopt or change any tax accounting method or period, file any amended tax return,
      enter into any closing agreement or settlement, settle any tax claim or assessment, surrender any right to claim a refund of taxes, consent to any extension or waiver of the statute of limitations period applicable to any tax claim or assessment or
      take any other action or omit to take action, if any such election, adoption, change, amendment, agreement, settlement, surrender, consent or other action or omission could have the effect of increasing the tax liability of Buyer or any of its
      affiliates (including, after the Closing, the Company or any of its subsidiaries);

     

    (xv)         adopt or enter into a plan of complete or partial liquidation, dissolution, restructuring, recapitalization or other
      reorganization;

     

    (xvi)        settle or compromise any Proceeding brought by or against the Company or any of its subsidiaries or otherwise related to the
      Business; or

     

    (xvii)       agree, whether in writing or otherwise, to do any of the foregoing.

     

    (c)           From the date of this Agreement to the Closing, the Company and Seller shall (i) take all actions reasonably necessary,
      including making all filings with and payments to Governmental Entities or other persons in a timely manner, to maintain in effect all Governmental Approvals set forth on Section 3.09(b) of the Company Disclosure Letter and the Third-Party Consents
      set forth on Section 3.09(e) of the Company Disclosure Letter and (ii) in connection with the foregoing, (A) Seller and the Company shall consult with Buyer prior to making any such filing and Buyer shall have the right to review reasonably in
      advance any such filing made with, or written materials submitted to, any Governmental Entity or other person relating to such Governmental Approvals or Third-Party Consents and the Company shall consider any comments from Buyer in good faith, (B)
      Seller shall promptly inform Buyer of any communication (or other correspondence or memoranda) received from, or given to, any Governmental Entity or other person relating to such Governmental Approvals or Third-Party Consents, (C) Seller shall
      deliver complete and accurate copies to Buyer of all filings, submissions, correspondence and other written communications (and memoranda setting forth the substance thereof) between Seller, the Company and their respective affiliates and their
      respective representatives, on the one hand, and any person (including any Governmental Entity or members of any Governmental Entity’s staff), on the other hand, with respect to such Governmental Approvals or Third-Party Consents, and (D) Seller
      shall consider in good faith the views of Buyer in connection with the foregoing.

    
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    (d)           From the date of this Agreement to the Closing: (i) the Company and Seller shall promptly, upon obtaining knowledge of the
      following, advise Buyer orally and in writing of any breach of the representations and warranties contained in Article III or Article IV, respectively, and of any other fact or event that would cause or constitute a breach of the covenants in this Agreement made by the Company or Seller, as applicable, in each case,
      which would result in any condition set forth in Article VII not being satisfied; (ii) Buyer shall promptly, upon obtaining knowledge of the following, advise
      the Company and Seller orally and in writing of any breach of the representations and warranties contained in Article V and of any other fact or event that
      would cause or constitute a breach of the covenants in this Agreement made by Buyer, in each case, which would result in any condition set forth in Article VII
      not being satisfied; provided, however, that no such notification shall affect the representations, warranties, covenants, agreements,
      undertakings, obligations or conditions to the obligations of the parties under this Agreement.

     

    Section 6.02          Access; Consultation. From
      the date hereof to the Closing, Seller and the Company shall grant or furnish Buyer and its representatives, employees, counsel and accountants reasonable access, during normal business hours and upon reasonable notice, to the personnel, properties,
      books, records, Contracts, Governmental Approvals, Third-Party Consents, documents and information of Seller and the Company and their subsidiaries.

     

    Section 6.03          Efforts.

     

    (a)           Each of the parties shall use reasonable best efforts (unless, with respect to any action, another standard of performance is
      expressly provided for herein) to take, or cause to be taken, all actions, and do, or cause to be done, and assist and cooperate with the other parties in doing, all things reasonably appropriate to consummate and make effective, as soon as
      reasonably possible, the transactions contemplated hereby.

     

    (b)           In connection with and without limiting Section

          6.03(a), each of Seller and the Company shall (i) take all action to ensure that no state takeover statute or similar Law is or becomes applicable to this Agreement or the transactions contemplated hereby and (ii) if any state takeover
      statute or similar Law becomes applicable to this Agreement or the transactions contemplated hereby, take all action to ensure that the transactions contemplated hereby may be consummated as promptly as practicable on the terms contemplated herein.

    
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      (c)          In connection with and without limiting Section 6.03(a), but subject to Section 6.03(f), each of the
        parties shall use reasonable best efforts to obtain all Required Approvals and any other Consents required in connection with the transactions contemplated hereby; provided, however, that (i) none of the Company, Seller or Buyer
        shall be required to make any payments to any third-party or concede anything of value or grant any concession to obtain such Required Approvals or Consents (other than, solely in the case of Buyer, (x) any standard filing fees and (y) any fees and
        expenses payable to contractors, engineers and other service providers, and any representatives of the foregoing, incurred by Buyer in the ordinary course of business) and (ii) in any event, none of Seller, the Company nor any of their affiliates
        (including, for the avoidance of doubt, the Company and its subsidiaries) shall be entitled to agree to make any payment that would be made after the Closing or concede anything of value or grant any concession that would reasonably be expected to
        adversely affect the Company or any of its subsidiaries or Buyer or any of its subsidiaries after the Closing, except with Buyer’s prior written consent.

       

      (d)          In connection with and without limiting the generality of Section 6.03(a) or 6.03(c), but subject to Section

          6.03(f), each of Buyer, the Company and Seller shall (as applicable):

       

    

    
      (i)         as promptly as practicable make all filings and submissions in connection with the Required Approvals; provided that,
        without limiting the generality of the foregoing, Buyer shall make the initial filing with respect to the Required STB Approvals no later than five business days after the date hereof;

       

      (ii)        as promptly as practicable make all filings and submissions in connection with any other Consents required in connection with
        the transactions contemplated hereby;

       

      (iii)       use reasonable best efforts to furnish to the other all assistance, cooperation and information necessary to make any filings
        or submissions and to obtain the Required Approvals and any other Consents required in connection with the transactions contemplated hereby;

       

    

    (iv)       use reasonable best efforts to respond as promptly as reasonably practicable to any inquiries or
      requests received from any Governmental Entity for additional information or documentary material in connection with any Required Approvals and any other Consents required in connection with the transactions contemplated hereby;

     

    (v)         use reasonable best efforts to take all actions necessary to cause the expiration or termination of
      any applicable waiting periods and the receipt of any Required Approvals and any other Consents required in connection with the transactions contemplated hereby as soon as practicable after the date of this Agreement and not extend any such waiting
      period or enter into any agreement with any Governmental Entities not to consummate any of the transactions contemplated hereby, except with the prior written consent of the other, which consent will not be unreasonably withheld, delayed or
      conditioned; and

    

    

    
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    (vi)        unless prohibited by applicable Law or by the applicable Governmental Entity, (A)
      to the extent reasonably practicable, not participate in or attend any meeting, or engage in any substantive conversation with, any Governmental Entity or other person in respect of the Required Approvals or the transactions contemplated hereby
      without the other, (B) to the extent reasonably practicable, give the other reasonable prior notice of any such meeting or conversation, (C) in the event one party is prohibited by applicable Law or by the applicable Governmental Entity from
      participating in or attending any such meeting or engaging in any such conversation, keep such party reasonably apprised with respect thereto, (D) cooperate in the filing of any substantive memoranda, white papers, filings, correspondence or other
      written communications explaining or defending this Agreement and the transactions contemplated hereby, articulating any regulatory or competitive argument or responding to requests or objections made by any Governmental Entity or any other person,
      and (E) deliver complete and accurate copies to the other of all filings, submissions, correspondence and other written communications (and memoranda setting forth the substance thereof) between it and its affiliates and their respective
      representatives, on the one hand, and any person (including any Governmental Entity or members of any Governmental Entity’s staff), on the other hand, with respect to this Agreement and the transactions contemplated hereby, subject to redaction of
      competitively sensitive information, valuation material or information subject to attorney-client privilege, and consider in good faith the views of the other in connection with such communications. Notwithstanding anything to the contrary in the
      foregoing, Buyer shall have the right to determine and direct the strategy and process (including all timing, substantive matters and decisions to propose, negotiate, commit to or effect any action) by which the parties will seek to cause the
      expiration or termination of any applicable waiting periods and the receipt of any Required Approvals and other Consents required in connection with the transactions contemplated hereby (including all elements of any Proceeding and any communications
      with Governmental Entities); provided that, Buyer will consult with the Company on a regular basis regarding such strategy and process.

     

    
      (e)          Subject to Section 6.03(f), if any Supplemental Approvals have not been obtained on or prior to
        the Closing, from and after the Closing until the Supplemental Approvals Outside Date, Buyer shall use reasonable best efforts to obtain each of the Supplemental Approvals that had not been obtained on or prior to the Closing and Seller shall, and
        shall cause its affiliates and representatives to, reasonably cooperate with Buyer in connection with the foregoing; provided, however, that none of the Company, Seller or Buyer shall be required to make any payments to any
        third-party or concede anything of value or grant any concession to obtain any such Supplemental Approval (other than any standard filing fees). In connection with and without limiting the generality of the foregoing, but subject to Section
          6.03(f), the parties agree that Section 6.03(d) shall apply with respect to the parties’ respective efforts to obtain the Supplemental Approvals pursuant to this Section 6.03(e), mutatis
          mutandis.

      
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      (f)          Notwithstanding the foregoing or any other provision of this Agreement to the contrary, in no event shall
        any party hereto be obligated to, and none of the Company, its subsidiaries, Seller or any of their respective affiliates shall, without Buyer’s prior written consent, be permitted to, (i) (A) agree to, or proffer to, divest or hold separate, or
        enter into any licensing or similar arrangement with respect to, any assets (whether tangible or intangible) or any portion of any business of Buyer or any of its subsidiaries or of the Company or any of its subsidiaries or (B) agree to, or proffer
        to, a prohibition or limitation in any respect on the ownership or operation by the Company, any of the Company’s subsidiaries, Buyer or any of Buyer’s subsidiaries of any asset (whether tangible or intangible) or any portion of any business of the
        Company, any of the Company’s subsidiaries, Buyer or any of Buyer’s subsidiaries; or (ii) litigate or participate in any Proceeding, whether judicial or administrative, (A) challenging or seeking to restrain or prohibit the consummation of the
        transactions contemplated by this Agreement, (B) seeking to prohibit or limit in any respect the ownership or operation by the Company, any of the Company’s subsidiaries, Buyer or any of Buyer’s subsidiaries of any asset (whether tangible or
        intangible) or any portion of any business of the Company, any of the Company’s subsidiaries, Buyer or any of Buyer’s subsidiaries or to require any such person to divest or hold separate, or enter into any licensing or similar arrangement with
        respect to, any asset (whether tangible or intangible) or any portion of any business of the Company, any of the Company’s subsidiaries, Buyer or any of Buyer’s subsidiaries, as a result of the transactions contemplated by this Agreement, (C)
        seeking to impose limitations on the ability of Buyer or any of its subsidiaries to acquire or hold, or exercise full rights of ownership of, any Membership Interests, including the right to vote the Membership Interests on all matters properly
        presented to the applicable members of the Company or (D) seeking to prohibit Buyer or any of its subsidiaries from effectively controlling in any respect all or a portion of the business of the Company or any of its subsidiaries.

       

    

    Section 6.04        Tax Matters-In General.

     

    (a)          Seller and Buyer anticipate that the sale of the Membership Interests will be
      treated, for U.S. federal income tax purposes, (i) if Buyer is classified as a partnership or as disregarded as an entity separate from its owner for U.S. federal income tax purposes as of immediately before the Closing, as a sale of an undivided
      interest in the assets of the Company (to the extent of the Cash Purchase Price plus any Company liabilities treated as consideration under Section 707 of the Code) and a contribution of the remaining undivided interest in the assets and liabilities
      of the Company to which Sections 721 and 752 of the Code apply; and (ii) if Buyer has, in connection with a Buyer IPO, become taxable as a corporation for U.S. federal income tax purposes as of the Closing Date, as a transfer of the assets and
      liabilities of the Company to which (in combination with all other actual or deemed transfers to the Buyer taken in connection with such Buyer IPO, including those resulting from Buyer’s incorporation for U.S. federal income tax purposes) Section 351
      of the Code applies, assuming the sale of Membership Interests has occurred within a period of time consistent with the requirements of Section 351 of the Code and the Treasury Regulations thereunder following the effectiveness of Buyer’s
      incorporation for U.S. federal income tax purposes. Seller and Buyer shall cooperate in good faith to ensure, to the extent possible and reasonably practicable, that if Buyer becomes taxable as a corporation for U.S. federal income tax purposes
      before the Closing, the sale of the Membership Interests will be governed by Section 351 of the Code; provided that Buyer shall not be required to waive any condition to Buyer’s obligation to complete the Acquisition or to take or agree to any steps
      that would, in Buyer’s reasonable judgment, result in a material incremental cost to Buyer with respect to, or otherwise delay, frustrate or hinder the consummation of, the Buyer IPO. Unless otherwise required by applicable Law, Buyer and Seller
      intend to report such sale for U.S. federal income tax purposes in all respects consistently with such treatment and not take a position inconsistent with the foregoing in any tax return or otherwise with any taxing authority unless required by a
      final determination (as defined in Section 1313(a) of the Code).

    

    

    
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    (b)          At its sole cost and expense, Seller shall prepare, or cause to be prepared, all Pre-Closing Tax Returns other than a Pre-Closing Tax Return for a Straddle Period. Such Pre-Closing Tax Returns shall be prepared on a basis
          consistent with existing procedures for preparing such tax returns, except as otherwise required by applicable Law or agreed to in writing by the parties.

     

    (i)         In the case of any Pre-Closing Tax Return subject to this Section 6.04(b), Seller
      shall deliver any such tax return to Buyer for review and comment at least 30 days before it is due (taking into account extensions). Seller shall consider in good faith Buyer’s reasonable comments, and, to the extent necessary, deliver an amended
      tax return to Buyer. Seller (or, if such Pre-Closing Tax Return is required to be filed after the Closing Date, Buyer) shall (x) timely file, or caused to be filed, such tax return (as amended, as applicable) with the relevant taxing authority and
      (y) timely pay, or cause to be paid, to the relevant taxing authority the amount shown as due on such tax return.

     

    
      (c)          At its sole cost and expense, Buyer shall prepare, or cause to be prepared, all Pre-Closing Tax Returns
        for any Straddle Period. In the case of any such Pre-Closing Tax Return, Buyer shall, to the extent practicable, deliver any such tax return to Seller for review and comment at least 30 days before it is due (taking into account extensions). Buyer
        shall consider in good faith Seller’s reasonable comments, and, to the extent necessary, deliver an amended tax return to Seller. Buyer shall (x) timely file, or caused to be filed, such tax return (as amended, as applicable) with the relevant
        taxing authority and (y) timely pay, or cause to be paid, to the relevant taxing authority the amount shown as due on such tax return.

       

      (d)          Buyer and Seller shall reasonably cooperate, and shall cause their affiliates, officers, employees,
        contractors, consultants, agents, auditors and representatives to reasonably cooperate, in preparing and filing all tax returns, including by maintaining and making available to each other all records necessary in connection with taxes and in
        resolving all disputes and audits with respect to all taxable periods relating to taxes.

       

      (e)          (i) Buyer and Seller shall allocate the Purchase Price (as adjusted pursuant to Section 9.10),
        the liabilities of the Company and its subsidiaries and other relevant items among the assets of the Company and its subsidiaries in accordance with a schedule (the “Final Allocation Schedule”). The Final Allocation Schedule will apply for
        all tax purposes and the parties shall not take any contrary tax position on any tax return or future audit, except as required by Law or as a result of a final determination by a taxing authority.

       

    

    (ii)        Seller shall prepare a draft purchase price allocation schedule in a manner
      consistent with Section 1060 of the Code and the applicable U.S. Treasury Regulations (the “Draft Allocation Schedule”) and shall deliver the Draft Allocation Schedule to Buyer within 30 days after the Closing Date.

     

    (iii)       Buyer shall deliver comments to the Draft Allocation Schedule to Seller within
      60 days after receipt. Seller shall incorporate reasonable Buyer’s comments and deliver an amended Draft Allocation Schedule to Buyer within 10 days after receipt.

    
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      (f)          All tax sharing agreements, arrangements and practices between the Company or any of its subsidiaries,
        on the one hand, and Seller or any of its affiliates, on the other hand, shall be terminated before the Closing. After the Closing, neither the Company or any of its subsidiaries nor Seller or any of its affiliates shall have any rights or
        obligations under any such tax sharing agreement, arrangement or practice.

       

      (g)          All transfer, gains, documentary, sales, use, registration, value-added, recording, gross receipts,
        conveyance, excise, license, stamp and other similar taxes and related fees (including interest, penalties and additions thereto) arising out of, in connection with or attributable to the transactions effectuated pursuant to this Agreement shall be
        borne by Seller.

       

      (h)          Seller shall deliver to Buyer at or prior to the Closing a certificate, in form and substance
        satisfactory to Buyer, duly executed and acknowledged, certifying that the purchase of Membership Interests pursuant to the terms of this Agreement are exempt from withholding pursuant to the Foreign Investment in Real Property Tax Act.

       

      (i)          Seller or the Company shall promptly notify Buyer of any proceeding or audit pending against or with
        respect to the Company or any of its subsidiaries in respect of any tax or tax return. After the Closing Date, Buyer shall control the defense of any such proceeding or audit at its own expense; provided that with respect to any such
        proceeding or audit relating to a Pre-Closing Tax Period, (i) Buyer shall provide Seller with a timely and reasonably detailed account of each stage of such audit or proceeding, (ii) Buyer shall consult with Seller and offer Seller an opportunity
        to comment before taking any significant action or submitting any written materials in connection with such audit or proceeding, (iii) Buyer shall defend such audit or proceeding diligently and in good faith as if it were the only party in
        interest, (iv) Seller shall be entitled, at its own expense, to participate in such audit or proceeding and attend any meetings or conferences with the relevant Governmental Entity, and (v) Buyer shall not settle or compromise any issue without the
        prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned or delayed. In the event of any conflict between this Section 6.04(i) and Section 9.04(a)(ii), this Section 6.04(i) shall
        control.

       

      (j)          Buyer shall pay to Seller any refund or rebate received (whether by payment, credit, offset or
        otherwise) by it or any of its affiliates (including the Company and any of its subsidiaries after the Closing) in respect of any Taxes for which Sellers are liable under this Agreement within 10 days after receipt of such refund or rebate, net of
        any reasonable out-of-pocket costs incurred by Buyer in obtaining such refund or rebate.

       

      (k)          Neither Buyer nor any of its affiliates (including the Company and any of its subsidiaries after the
        Closing) shall (i) make (or cause to be made) or change or (cause to be changed) any tax election of the Company or any of its subsidiaries that has retroactive effect to any Pre-Closing Tax Period, (ii) file any private letter ruling or similar
        request with respect to taxes or tax returns of the Company or any of its subsidiaries for any Pre-Closing Tax Period, or (iii) initiate (or cause to be initiated) any voluntary disclosure or similar process with respect to the Company or any of
        its subsidiaries for any Pre-Closing Tax Period, in each case without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned or delayed. 

      
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    (l)          Seller and Buyer shall cooperate in good faith to develop an economically
      equivalent alternative to the transaction described in Section 2.02(c) that places each party in no worse tax position than it would have been in had the Buyer IPO occurred before the Closing Date and the consideration paid at Closing
      consisted of 50% cash and 50% Buyer Common Shares in a transaction governed by Section 351 of the Code; provided that Buyer shall not be required to agree to any such alternative that would, in Buyer’s reasonable judgment, result in a
      material incremental cost to Buyer with respect to, or would otherwise delay, frustrate or hinder the consummation of, the Buyer IPO. Additionally, if, as a result of any transfer or payment with respect to the transaction described in Section
        2.02(c) or any alternative transaction agreed to by Seller and Buyer under this Section 6.04(l), Buyer is treated as recognizing any gain under Section 351(b) of the Code or otherwise in connection with the incorporation of Buyer, such
      gain (if any) shall be allocated 100% to Seller.

     

    
      Section 6.05        Fees and Expenses. Except as otherwise expressly set forth in this Agreement (including with
        respect to Unpaid Expenses), all fees and expenses incurred in connection with this Agreement, the Acquisition and the other transactions contemplated hereby shall be paid by the party incurring such fees or expenses, whether or not the Acquisition
        and the other transactions contemplated hereby are consummated. Notwithstanding the foregoing, to the extent the Company or any of its subsidiaries has incurred any Unpaid Expenses which (i) remain unpaid as of the Closing and (ii) were included in
        the calculation of “Unpaid Expenses” for purposes of the Closing Date Payment, Buyer shall, or shall cause the Company or one of its subsidiaries to, pay such Unpaid Expenses as promptly as reasonably practicable following the Closing.

       

      Section 6.06        Public Announcements. The initial press release by each of the parties to be issued on the
        date hereof or promptly after the execution of this Agreement with respect to the transactions contemplated hereby shall be in the form agreed to by Buyer and Seller. No public release or announcement concerning the transactions contemplated hereby
        shall be issued by any party without the prior written consent of Buyer and Seller (which consent shall not be unreasonably withheld, delayed or conditioned), except as such release or announcement may be required by applicable Law or the rules or
        regulations of any applicable securities exchange or listing authority, in which case the party required to make such release or announcement shall allow Buyer and Seller reasonable time to comment on such release or announcement in advance of such
        issuance. Notwithstanding the forgoing, this Section 6.06 shall not apply to any press release or other public statement made by the parties (a) which is consistent with the initial press release and the terms of this Agreement and does not
        contain any information relating to the parties or this Agreement that has not been previously announced or made public in accordance with the terms of this Agreement or (b) is made in the ordinary course of business and does not relate
        specifically to the signing of this Agreement or the transactions contemplated by this Agreement.

       

      Section 6.07        Confidentiality. From and after the Closing, Seller shall, and shall use reasonable best
        efforts to cause its affiliates, officers, directors, employees, agents and representatives to, keep confidential and not disclose to any other person, or use for their own benefit or the benefit of any other person, any information regarding the
        Company or any of its subsidiaries and the terms of this Agreement (including the Closing Date Payment). The obligations of Seller under this Section 6.07 shall not apply to information which: (i) is or becomes generally available to the
        public without breach of obligations under this Section 6.07 or (ii) is required in the opinion of legal counsel to Seller to be disclosed by applicable Law or any Judgment; provided, however, that in any such case, Seller
        must notify Buyer in writing as early as practicable prior to disclosure to allow Buyer to take appropriate measures to preserve the confidentiality of such information (and, if requested by Buyer, Seller shall reasonably cooperate, at Buyer’s
        expense, with any such effort by Buyer to preserve the confidentiality of such information).

      
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      Section 6.08        Transaction Fees and Expenses. Seller shall be liable for and hereby agrees to pay any and
        all fees, costs and expenses of any financial, legal, accounting or other advisor and any other person retained by or on behalf of any of Seller or any of its affiliates (including the Company and its subsidiaries) in connection with the
        transactions contemplated hereby, regardless of whether such fees, costs or expenses are incurred or become payable on, prior to or after the Closing Date, except to the extent such fees, costs and expenses are reflected in the calculation of the
        Unpaid Expenses and therefore included in the calculation of the Closing Date Payment.

       

      Section 6.09        Resignation of Directors and Officers. The Company shall (i) cause all managers, directors
        (or members of any other applicable governing body) and officers of the Company and each of its subsidiaries to deliver to Buyer prior to the Closing duly executed resignations and duly executed releases from all claims that such persons may have
        against the Company or any of its subsidiaries, in each case in form and substance reasonably satisfactory to Buyer (such resignations and releases to be effective upon the Closing) and (ii) take all such other actions as are necessary to
        accomplish such resignations and releases.

       

      Section 6.10        No Solicitation.

       

    

    (a)          From and after the date hereof, the Company, its subsidiaries and Seller shall
      not, and shall cause their respective affiliates, officers, directors, employees, agents and representatives not to, directly or indirectly (i) solicit, initiate, induce or encourage, or take any other action to facilitate, any Takeover Proposal or
      any inquiry or proposal that could reasonably be expected to lead to a Takeover Proposal, (ii) enter into, continue or otherwise participate in any discussions or negotiations regarding, or furnish to any person (other than Buyer) any information
      with respect to, or otherwise cooperate in any way with, any Takeover Proposal or any inquiry or proposal that could reasonably be expected to lead to a Takeover Proposal or (iii) approve, endorse, recommend, execute or enter into any letter of
      intent, memorandum of understanding, agreement in principle, joint venture agreement, partnership agreement or merger, acquisition or similar agreement constituting, contemplating or otherwise relating to any Takeover Proposal or any inquiry or
      proposal that could reasonably be expected to lead to a Takeover Proposal. The term “Takeover Proposal” means any inquiry, proposal or offer from any person (other than Buyer) relating to (A) any direct or indirect acquisition, in one
      transaction or a series of transactions, including any merger, consolidation, tender offer, exchange offer, public offering, stock acquisition, asset acquisition, binding share exchange, business combination, recapitalization, liquidation,
      dissolution, joint venture or similar transaction, of (1) assets or businesses of the Company and its subsidiaries or (2) Membership Interests or other equity, membership or limited liability company interests in the Company or any of its
      subsidiaries, in each case other than the transactions contemplated hereby, or (B) any other transaction or series of transactions that could reasonably be expected to (x) impair in any material respect the ability of the Company or Seller to perform
      their obligations under this Agreement or (y) prevent or materially impede, interfere with, hinder or delay the consummation of any of the transactions contemplated hereby. Seller and the Company shall promptly request that any materials provided to
      any person in connection with a Takeover Proposal (other than Buyer) shall be returned to the Company or destroyed.

    
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    (b)          From and after the date hereof, the Company and Seller shall promptly (but in
      any event within 24 hours) advise Buyer orally and in writing of any Takeover Proposal or any inquiry or proposal that could reasonably be expected to lead to a Takeover Proposal, the terms and conditions of such Takeover Proposal, inquiry or
      proposal and the identity of the person making such Takeover Proposal, inquiry or proposal. The Company and Seller shall keep Buyer informed on a current basis in all material respects of the status and details (including material amendments or
      proposed amendments) of any such Takeover Proposal, inquiry or proposal.

     

    
      Section 6.11        Termination of Affiliate Contracts. The Company and, to the extent applicable, Seller, shall, and shall cause each of their affiliates to, terminate each
        Affiliate Contract on or prior to the Closing Date. Seller and the Company will, and will cause their affiliates to, provide Buyer with a reasonable opportunity to review and comment on any documents, agreements, instruments, resolutions, consents
        and filings related to such terminations and all such documents, agreements, instruments, resolutions, consents and filings will be in form and substance reasonably acceptable to Buyer. With effect from the Closing, none of the Company or any of
        its subsidiaries, on the one hand, nor Seller or any of its affiliates (other than the Company and its subsidiaries), on the other hand, shall have any obligation or liability to the other in respect of any such terminated Affiliate Contract.

       

      Section 6.12        Repayment of Indebtedness.

       

    

    
      (a)          At or prior to the Closing, the Company and its subsidiaries shall have (i) repaid and discharged all
        Indebtedness owed by the Company and its subsidiaries (other than Indebtedness owed to the Company or one of its subsidiaries) and all ancillary obligations thereto (including all interest accrued thereon and all fees, charges or premiums
        (including call or put premiums, optional or otherwise) associated therewith), (ii) caused all commitments related to such Indebtedness to be terminated and (iii) caused all Liens in or upon any of the assets or properties of the Company or any of
        its subsidiaries arising from or in connection with such Indebtedness to be forever satisfied, released and discharged, and filed all documents necessary or desirable to effectuate, or reflect in public record, such satisfaction, release and
        discharge. At least four business days prior to the Closing, the Company shall have provided Buyer with executed payoff letters, in form and substance reasonably acceptable to Buyer, in respect of all Indebtedness to be repaid at or prior to the
        Closing and executed lien release documents, in form and substance reasonably acceptable to Buyer, with respect to all Liens in or upon the assets or properties of the Company or any of its subsidiaries to be released or terminated at or prior to
        the Closing.

       

      (b)          Prior to the Closing, the Company shall cause any Indebtedness owing from any holder of Membership
        Interests or any member or manager of Seller to the Company or any of its subsidiaries to be repaid in full (including the outstanding principal amount and any accrued and unpaid interest thereon) and all ancillary obligations thereto to be
        terminated. At least four business days prior to the Closing, the Company shall have provided Buyer with executed documentation, in form and substance reasonably acceptable to Buyer, in respect of all Indebtedness owing from any holder of
        Membership Interests or any member or manager of Seller to the Company to be repaid prior to the Closing, which documentation shall evidence the repayment of such Indebtedness.

      
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      Section 6.13        Real Estate Matters. Prior to the Closing, Seller shall cause the Owned Property to be free
        and clear of all Liens except for Permitted Liens and provide Buyer with a recorded copy of each deed of reconveyance releasing all deeds of trust, mortgages or other security agreements encumbering the Owned Property as of the date hereof.

       

      Section 6.14        Termination of Certain Contracts. Prior to the Closing, the Company shall, and shall cause
        its subsidiaries to, terminate each Contract set forth on Section 6.14 of the Company Disclosure Letter (collectively, the “Terminating Contracts”). The Company shall provide Buyer with a reasonable opportunity to review and comment on any
        documents, agreements, instruments, resolutions, consents and filings related to such terminations and all such documents, agreements, instruments, resolutions, consents and filings will (i) be in form and substance reasonably acceptable to Buyer
        and (ii) provide that with effect from the applicable termination (which termination, for the avoidance of doubt, shall be required to be effective prior to the Closing), none of the Company nor any of its subsidiaries shall have any further
        obligation or liability in respect of any such Terminating Contract. In connection with the foregoing, Buyer agrees that it will reimburse Seller for one-half of any termination fee required to be paid by Seller or any of its affiliates to the
        counterparty to the applicable Terminating Contract; provided that Buyer’s obligation to reimburse Seller pursuant to this Section 6.14 shall not exceed, in the aggregate, the dollar amount set forth on Section 6.14 of the Company
        Disclosure Letter.

       

    

    Section 6.15       SELLER RELEASE. EFFECTIVE AS OF THE CLOSING, SELLER DOES FOR
      ITSELF, AND ITS RESPECTIVE AFFILIATES, PARTNERS, SUCCESSORS AND ASSIGNS, IF ANY, RELEASE AND ABSOLUTELY FOREVER DISCHARGE THE COMPANY AND ITS SUBSIDIARIES AND THEIR RESPECTIVE OFFICERS, MANAGERS, DIRECTORS, MEMBERS OF ANY APPLICABLE GOVERNING BODY,
      SECURITYHOLDERS, AFFILIATES, EMPLOYEES, ADVISORS, REPRESENTATIVES AND AGENTS (EACH, A “RELEASED PARTY”) FROM AND AGAINST ALL RELEASED MATTERS. “RELEASED MATTERS” MEANS ANY AND ALL CLAIMS, DEMANDS, DAMAGES, DEBTS, LIABILITIES,
      OBLIGATIONS, COSTS, EXPENSES (INCLUDING ATTORNEYS’ AND ACCOUNTANTS’ FEES AND EXPENSES), LOSSES, ACTIONS AND CAUSES OF ACTION OF ANY NATURE WHATSOEVER, WHETHER NOW KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, THAT SELLER NOW HAS, OR AT ANY TIME
      PREVIOUSLY HAD, OR SHALL OR MAY HAVE IN THE FUTURE, AS A SECURITYHOLDER (WHETHER DIRECT OR INDIRECT), INCLUDING AS A HOLDER OF THE EXCHANGEABLE SHARES, OFFICER, MANAGER, DIRECTOR, MEMBER OF ANY APPLICABLE GOVERNING BODY, CONTRACTOR, CONSULTANT OR
      EMPLOYEE OF THE COMPANY OR ANY OF ITS SUBSIDIARIES, ARISING BY VIRTUE OF OR IN ANY MATTER RELATED TO ANY ACTIONS OR INACTIONS WITH RESPECT TO THE COMPANY OR ANY OF ITS SUBSIDIARIES OR THEIR RESPECTIVE AFFAIRS ON OR BEFORE THE CLOSING DATE; PROVIDED
      THAT RELEASED MATTERS SHALL NOT INCLUDE ANY RIGHT OF SELLER CONTAINED IN THIS AGREEMENT. IT IS THE INTENTION OF SELLER IN EXECUTING THIS RELEASE, AND IN GIVING AND RECEIVING THE CONSIDERATION CALLED FOR HEREIN, THAT THE RELEASE CONTAINED IN THIS SECTION

        6.15 SHALL BE EFFECTIVE AS A FULL AND FINAL ACCORD AND SATISFACTION AND GENERAL RELEASE OF AND FROM ALL RELEASED MATTERS AND THE FINAL RESOLUTION BY SELLER AND THE RELEASED PARTIES OF ALL RELEASED MATTERS INCLUDING ACCRUED BUT UNPAID
      DISTRIBUTIONS AND PAYMENTS IN CONNECTION WITH A LIQUIDATION OR CHANGE OF CONTROL TRANSACTION. NOTWITHSTANDING ANYTHING HEREIN OR OTHERWISE TO THE CONTRARY, THE RELEASE CONTAINED IN THIS SECTION 6.15 WILL NOT BE EFFECTIVE SO AS TO BENEFIT A
      PARTICULAR RELEASED PARTY IN CONNECTION WITH ANY MATTER OR EVENT THAT WOULD OTHERWISE CONSTITUTE A RELEASED MATTER, BUT INVOLVED FRAUD, WILLFUL CONCEALMENT OR THE BREACH OF ANY APPLICABLE LAW ON THE PART OF SUCH RELEASED PARTY. SELLER HEREBY
      REPRESENTS TO THE COMPANY AND BUYER THAT SELLER HAS NOT VOLUNTARILY OR INVOLUNTARILY ASSIGNED OR TRANSFERRED OR PURPORTED TO ASSIGN OR TRANSFER TO ANY PERSON ANY RELEASED MATTERS AND THAT NO PERSON OTHER THAN SELLER HAS ANY INTEREST IN ANY RELEASED
      MATTER BY LAW OR CONTRACT BY VIRTUE OF ANY ACTION OR INACTION BY SELLER. THE INVALIDITY OR UNENFORCEABILITY OF ANY PART OF THIS SECTION 6.15 SHALL NOT AFFECT THE VALIDITY OR ENFORCEABILITY OF THE REMAINDER OF THIS SECTION 6.15 WHICH
      SHALL REMAIN IN FULL FORCE AND EFFECT.

    
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    Section 6.16        Cooperation. If Buyer has not consummated a Buyer IPO on or prior to
      the Closing Date, Seller shall use commercially reasonable efforts to cooperate with any action reasonably requested by Buyer from and after the Closing to effect a Buyer IPO (including any corporate reorganization of Buyer or any of its subsidiaries
      or other reasonable activities, the expenses of which are reimbursed by Buyer).

     

    ARTICLE VII

     

    Conditions

     

    

    Section 7.01        Conditions to Each Party’s Obligation to Effect the Acquisition. The
      respective obligation of each party to complete the Acquisition is subject to the satisfaction (or, if permitted by applicable Law, written waiver) at the Closing of the following conditions:

     

    (a)          The Required STB Approvals shall have been obtained and/or shall have become
      effective (as applicable).

     

    (b)          The Required BLM Approval shall have been obtained.

     

    (c)          No Law or preliminary, temporary or permanent Judgment enacted, entered,
      promulgated, enforced or issued by any Governmental Entity or other legal restraint or prohibition (collectively, “Legal Restraints”) shall be in effect that prevents, makes illegal or prohibits the consummation of the Acquisition.

    
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    Section 7.02       Conditions to Obligation of Buyer. The obligation of Buyer to
      complete the Acquisition is also subject to the satisfaction (or, if permitted by applicable Law, written waiver by Buyer) as of the Closing of the following conditions:

     

    (a)          (i)           (A) The Company Fundamental Representations shall be true and
      correct in all respects as of the date hereof and as of the Closing Date as though made on and as of the Closing Date and (B) each other representation and warranty of the Company shall be true and correct in all material respects as of the date
      hereof and as of the Closing Date as though made on and as of the Closing Date, except in the case of clauses (A) and (B) to the extent such representations and warranties expressly relate to an earlier date, in which case the same shall continue on
      the Closing Date to be true and correct as of such earlier date.

     

    (ii)           (A) The Seller Fundamental Representations shall be true and correct in all
      respects as of the date hereof and as of the Closing Date as though made on and as of the Closing Date, and (B) each other representation and warranty of Seller shall be true and correct in all material respects as of the date hereof and as of the
      Closing Date as though made on and as of the Closing Date, except in the case of clauses (A) and (B), to the extent such representations and warranties expressly relate to an earlier date, in which case the same shall continue on the Closing Date to
      be true and correct as of such earlier date.

     

    (b)          (i) The Company shall have performed or complied with in all material respects
      all covenants and agreements required by this Agreement to be performed or complied with by the Company at or prior to the Closing.

     

    (ii) Seller shall have performed or complied with in all material respects all covenants
      and agreements required by this Agreement to be performed or complied with by Seller at or prior to the Closing.

     

    (c)          (i) The Company shall have delivered to Buyer a certificate, dated as of the
      Closing Date, stating that the conditions specified in Sections 7.02(a)(i) and 7.02(b)(i) have been satisfied.

     

    (ii) Seller shall have delivered to Buyer a certificate, dated as of the Closing Date, stating
      that the conditions specified in Sections 7.02(a)(ii) and 7.02(b)(ii) have been satisfied.

     

    
      (d)          No Legal Restraint shall be in effect that imposes any conditions on the consummation of the transactions
        contemplated hereby.

       

      (e)          No Proceeding by or before a Governmental Entity shall be pending that seeks to prevent or prohibit the
        consummation of any of the transactions contemplated hereby or to impose any conditions on the consummation of the transactions contemplated hereby.

    

    

    

    
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      (f)          The Consents set forth under Category 1 of Section 7.02(f) of the Company Disclosure Letter shall have
        been obtained (such Consents, together with the Required STB Approvals and the Required BLM Approval, the “Required Approvals”).

       

      (g)          The Tharaldson Land Purchase shall not have failed to close as a result of (i) a failure of any
        condition to Closing (as defined in the Tharaldson Land Purchase Agreement) set forth in Section 3.4(a), 3.4(b), 3.4(c), 3.4(d) or 3.4(e) of the Tharaldson Land Purchase Agreement or (ii) Buyer having exercised its termination right set forth in
        Section 8.2 of the Tharaldson Land Purchase Agreement.

       

    

    Section 7.03       Conditions to Obligation of Seller. The obligation of Seller to
      complete the Acquisition is also subject to the satisfaction (or, if permitted by applicable Law, written waiver by Seller) as of the Closing of the following conditions:

     

    
      (a)          (i) the representations and warranties of Buyer set forth in Section 5.02 (Buyer Capitalization)
        and Section 5.08 (Sufficient Funds) shall be true and correct in all respects as of the date hereof and as of the Closing Date as though made on and as of the Closing Date and (ii) each other representation and warranty of Buyer set forth
        in Article V hereof shall be true and correct in all material respects as of the date hereof and as of the Closing Date as though made on and as of the Closing Date, except in the case of clauses (i) and (ii) to the extent such
        representations and warranties expressly relate to an earlier date, in which case the same shall continue on the Closing Date to be true and correct as of such earlier date.

       

      (b)          Buyer shall have performed or complied with in all material respects all covenants and agreements
        required by this Agreement to be performed or complied with by Buyer at or prior to the Closing.

       

      (c)          Buyer shall have delivered to Seller a certificate, dated as of the Closing Date, stating that the
        conditions specified in Sections 7.03(a) and 7.03(b) have been satisfied.

       

    

    Section 7.04 Frustration of Closing Conditions. Neither
      Buyer nor Seller may rely on the failure of any condition set forth in this Article VII to be satisfied if such failure was caused by the failure of such party (or, in the case of Seller, the Company) to act in good faith or to use reasonable
      best efforts to cause the Closing to occur, as required by Section 6.03.

     

    
      ARTICLE VIII

       

      Termination; Effect of Termination

    

    Section 8.01        Termination.

     

    (a)          Notwithstanding anything to the contrary in this
      Agreement, this Agreement may be terminated and the Acquisition and the other transactions contemplated hereby may be abandoned at any time prior to the Closing:

     

    (i)         by mutual written consent of Seller and Buyer;

    

    

    
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      (ii)        by Seller, if Buyer (x) fails to comply with Section 2.03 or (y) shall have breached any of its
        representations or warranties or failed to perform or comply with any of its covenants or agreements (other than Section 2.03), in each case contained in this Agreement, which breach or failure (A) would give rise to the failure of a
        condition set forth in Section 7.03(a) or 7.03(b), and (B) has not been or is incapable of being cured by Buyer within 30 days after its receipt of written notice thereof from Seller;

       

      (iii)       by Buyer (A) if the Company or Seller shall have breached any of its representations or warranties or
        failed to perform or comply with any of its covenants or agreements, in each case contained in this Agreement, which breach or failure (1) would give rise to the failure of a condition set forth in Section 7.02(a) or 7.02(b) and (2)
        has not been or is incapable of being cured by the Company or Seller, as applicable, within 30 days after Seller’s receipt of written notice thereof from Buyer; or (B) if any Legal Restraint having the effect set forth in Section 7.02(d)
        shall be in effect and shall have become final and nonappealable; and

       

    

    (iv)        by Seller, on the one hand, or Buyer, on the other hand, (A) if any Legal
      Restraint having the effect set forth in Section 7.01(c) shall be in effect and shall have become final and nonappealable or (B) on or after March 1, 2019 (the “Outside Date”), if the Acquisition shall not have been consummated for any
      reason; provided, however, that if on the Outside Date any of the conditions set forth in Section 7.01(a), 7.01(b), 7.01(c), 7.02(d), 7.02(e) or 7.02(f) shall not have been satisfied or waived
      but all other conditions set forth in Article VII shall have been satisfied or waived (other than those conditions that by their nature are to be satisfied at or immediately prior to the Closing, but provided that such conditions shall then be
      capable of being satisfied if the Closing were to take place on such date), then the Outside Date shall be automatically extended to May 30, 2019, and such date shall become the Outside Date for purposes of this Agreement; and provided, further,
      that the right to terminate this Agreement under this Section 8.01(a)(iv)(B) shall not be available to Seller or Buyer, as applicable, if the failure of any of the conditions set forth in Section 7.01(a), 7.01(b), 7.01(c), 7.02(d), 7.02(e) or 7.02(f) to have been satisfied or the failure of the
      Acquisition to have been consummated, as applicable, was caused by the failure of, in the case of Seller, Seller or the Company, or, in the case of Buyer, Buyer, to comply with its obligations under Section 6.03.

     

    (b)          In the event of termination by Seller or Buyer pursuant to
      this Section 8.01, written notice thereof shall forthwith be given to the other and the transactions contemplated hereby shall be abandoned, without further action by any party.

     

    

    Section 8.02        Termination; Effect of Termination.

     

    (a)          If this Agreement is terminated and the transactions contemplated hereby are
      abandoned as described in Section 8.01, this Agreement shall become null and void and of no further force and effect, except for the provisions of Sections 3.16, 5.07, 6.06, 6.07 and this 8.02 and Article

        X. Notwithstanding the immediately preceding sentence, nothing in this Article VIII shall (i) impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or (ii) release any
      party from any Liability for any willful and intentional breach by such party of the terms, conditions and other provisions of this Agreement or any Actual Fraud by or on behalf of such party.

    

    

    
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    (b)         If (i) this Agreement is terminated and the transactions contemplated hereby are
      abandoned pursuant to Section 8.01(a)(iii)(A), then Seller shall, within two business days after such termination, repay to Buyer the Deposit Amount if the Deposit Amount shall have been previously paid to Seller pursuant to Section 2.03
      prior to such termination and (ii) this Agreement is terminated by Seller for any reason other than a termination pursuant to Section 8.01(a)(iii)(A), then Seller shall be entitled to retain the Deposit Amount if the Deposit Amount shall have
      been previously paid to Seller pursuant to Section 2.03 prior to such termination. For the avoidance of doubt, subject to Section 8.02(a), such repayment or retention of the Deposit Amount contemplated by the immediately foregoing
      sentence shall not constitute liquidated damages or any party’s sole remedy in the event of a breach by any other party of any of the terms, conditions or other provisions of this Agreement.

     

    
      ARTICLE IX

       

      Indemnification

       

    

    Section 9.01       Survival of Covenants, Agreements, Representations and Warranties.
      For purposes of this Article IX (and notwithstanding anything to the contrary contained in this Agreement or otherwise), the representations, warranties, covenants and agreements contained in this Agreement shall be deemed to survive the
      Closing and to remain in full force and effect, regardless of any investigation made by or on behalf of any party, until the indemnification obligation therefor terminates in accordance with Section 9.05.

     

    Section 9.02        Indemnification by Seller.

     

    (a)          Subject to Section 9.07, Seller agrees to indemnify and hold harmless each
      of Buyer and its affiliates (including the Company and its subsidiaries) and the officers, directors, employees, agents and representatives of Buyer and its affiliates (each, a “Buyer Indemnitee”) from and against any and all Losses (other
      than Losses relating to taxes, for which indemnification provisions are set forth in Section 9.02(b)) asserted against, imposed upon or incurred by such Buyer Indemnitee that arise out of, are related to or in connection with:

     

    (i)         any inaccuracy or breach of (A) any Company Fundamental Representation or Seller
      Fundamental Representation or (B) any representation or warranty of the Company or Seller contained in this Agreement, other than any Company Fundamental Representation or Seller Fundamental Representation (it being agreed that, in the case of
      clauses (A) and (B), solely for purposes of determining the existence of any such inaccuracy or breach or the amount of any Loss with respect thereto, all such representations and warranties that are qualified as to “materiality” shall be deemed to
      be not so qualified);

     

    
      (ii)        any failure by the Company or Seller to perform or comply with any covenant or agreement of the Company or
        Seller in this Agreement;

       

      (iii)       any Proceedings, demands, assessments, Judgments, damages, awards, costs and expenses in connection with
        the transactions contemplated by this Agreement or any subsequent corporate reorganization or business combination of the Company or any of its subsidiaries brought by any current or former holder of securities of Seller or former holder of
        Membership Interests, option holder or former option holder or holder of other securities or any former holder of other securities of the Company or any of its subsidiaries (whether or not a party to this Agreement);

      
        41

        
          
 

      

    

    (iv)        any Closing Debt or Unpaid Expenses not reflected in the
      calculations delivered pursuant to Section 2.01(b); and

     

    (v)         any and all Proceedings, demands, assessments, Judgments, damages, awards, costs
      and expenses (including reasonable third-party fees and expenses) incident to any of the foregoing or incurred in connection with the enforcement of the rights of any Buyer Indemnitee with respect to the foregoing clauses (i) through (iv).

     

    (b)          Seller agrees to indemnify and hold harmless each Buyer Indemnitee from and
      against any and all Losses asserted against, imposed upon or incurred by such Buyer Indemnitee that arise out of, are related to or in connection with: (A) all Liability for taxes of the Company or any of its subsidiaries for any Pre-Closing Tax
      Period; (B) taxes (as a result of any applicable tax Law) of any person other than the Company and its subsidiaries for which the Company or any of its subsidiaries becomes liable (x) as a result of being or having been, at any time before the
      Closing, part of any consolidated, combined, affiliated aggregate, unitary or similar group, (y) as a transferee or successor for tax purposes before the Closing or (z) as a result of a Contract entered into before the Closing; (C) any inaccuracy or
      breach of any representation or warranty set forth in Section 3.12 (it being agreed that for solely purposes of determining the existence of any such inaccuracy or breach or the amount of any Loss with respect thereto, such representations
      and warranties that are qualified as to “materiality” shall be deemed to be not so qualified); (D) the failure by the Company or Seller to perform or comply with any covenant or agreement of the Company or any of its subsidiaries or Seller in this
      Agreement relating to taxes; and (E) all Liability for taxes allocated to Seller under Section 6.04.

     

    

    (i)          In the case of a portion of any Straddle Period included in any Pre-Closing Tax
      Period: (A) taxes imposed on a periodic basis (such as real, personal and intangible property taxes) for any Pre-Closing Tax Period shall be equal to the amount of such taxes for the entire Straddle Period multiplied by a fraction, the numerator of
      which is the number of days during the Straddle Period that are in the Pre-Closing Tax Period and the denominator of which is the total number of days in the Straddle Period; (B) taxes (other than taxes described in clause (A)) for any Pre-Closing
      Tax Period shall be computed (1) as if such taxable period ended as of the close of business on the Closing Date and (2) in the case of any such taxes attributable to the ownership of any equity interest in a partnership, other “flowthrough” entity
      or “controlled foreign corporation” (within the meaning of Section 957(a) of the Code or any comparable applicable Law), as if the taxable period of that entity ended as of the close of business on the Closing Date.

     

    (c)          The parties acknowledge and agree that the rights of any Buyer Indemnitee to
      indemnification pursuant to this Section 9.02 with respect to a representation, warranty, covenant or agreement of the Company or Seller are an essential part of the economic terms of, and the allocation of risks contained in, this Agreement,
      and that any Buyer Indemnitee’s rights to indemnification therefor shall in no way be limited, eliminated or otherwise affected by the fact that such Buyer Indemnitee, or any of its directors, officers, employees or advisors, was at any time prior to
      the Closing or the execution of this Agreement aware (or should have become aware) that any such representation or warranty was inaccurate or had been breached or that any such covenant or agreement had not been performed or complied with.

    
      42

      
        
 

    

    Section 9.03        Indemnification by Buyer.

     

    (a)          Subject to Section 9.07, Buyer agrees to indemnify and hold harmless
      Seller and its affiliates and the officers, directors, employees, agents and representatives of Seller and its affiliates (each, a “Seller Indemnitee”) from and against any and all Losses asserted against, imposed upon or incurred by such
      Seller Indemnitee that arise out of, are related to or in connection with:

     

    (i)         any inaccuracy or breach of (A) any Buyer Fundamental Representation or (B) any
      representation or warranty of Buyer, other than any Buyer Fundamental Representation (it being agreed that, in the cases of clauses (A) and (B), solely for purposes of determining the existence of any such inaccuracy or breach or the amount of any
      Loss with respect thereto, all such representations and warranties that are qualified as to “materiality” shall be deemed to be not so qualified);

     

    (ii)        the failure by Buyer to perform or comply with any covenant or agreement of Buyer
      in this Agreement; and

     

    (iii)       any and all Proceedings, demands, causes of action, assessments, Judgments,
      damages, awards, costs and expenses (including reasonable third-party fees and expenses) incident to any of the foregoing or incurred in connection with the enforcement of the rights of any Seller Indemnitee with respect to the foregoing clauses (i)
      or (ii).

     

    (b)          The parties acknowledge and agree that the rights of any Seller Indemnitee to
      indemnification pursuant to this Section 9.03 with respect to a representation, warranty, covenant or agreement of Buyer are an essential part of the economic terms of, and the allocation of risks contained in, this Agreement, and that any
      Seller Indemnitee’s rights to indemnification therefor shall in no way be limited, eliminated or otherwise affected by the fact that such Seller Indemnitee, or any of its directors, officers, employees or advisors, was at any time prior to the
      Closing or the execution of this Agreement aware (or should have become aware) that any such representation or warranty was inaccurate or had been breached or that any such covenant or agreement had not been performed or complied with.

     

    Section 9.04        Indemnification Procedures.

     

    (a)          Procedures for Third-Party Claims.

     

    (i)         If a claim by a third-party is made against an Indemnitee arising out of a matter
      for which the Indemnitee is entitled to be indemnified pursuant to Section 9.02 or 9.03 (a “Third-Party Claim”), the Indemnitee shall promptly notify the indemnifying party in writing of such Third-Party Claim. The failure of
      the Indemnitee to promptly notify the indemnifying party hereunder shall not relieve the indemnifying party of its obligations hereunder except to the extent that the indemnifying party is actually prejudiced by such failure. 

    
      43

      
        
 

    

    (ii)        If a Third-Party Claim is made against an Indemnitee, the indemnifying party
      shall be entitled to participate in the defense thereof and, subject to the limitations contained in this Section 9.04(a), to assume and control the defense thereof of such Third-Party Claim if it so chooses with counsel selected by the
      indemnifying party and not reasonably objected to by the Indemnitee. Should the indemnifying party so elect to assume and control the defense of a Third-Party Claim, the indemnifying party shall not be liable to the Indemnitee for legal expenses
      subsequently incurred by the Indemnitee in connection with the defense thereof, unless (A) the employment of such counsel has been specifically authorized in writing by the indemnifying party, (B) the Indemnitee shall have been advised by counsel
      that the assumption and control of such defense by the indemnifying party would be inappropriate due to an actual or potential conflict of interest or (C) the Indemnitee shall have been advised by counsel that one or more defenses are available to
      the Indemnitee that are not available to the indemnifying party (provided that the indemnifying party shall not be liable for the fees and expenses of more than one firm of counsel for all Indemnitees, other than one local counsel in each
      relevant jurisdiction). If the indemnifying party assumes such defense, the Indemnitee shall have the right to participate in the defense thereof and to employ at its own expense counsel not reasonably objected to by the indemnifying party, separate
      from the counsel employed by the indemnifying party, it being understood that the indemnifying party shall control such defense and shall be empowered to make any settlement with respect to such Third-Party Claim, subject to the remaining terms of
      this Section 9.04(a). The indemnifying party shall be liable for the reasonable fees and expenses of counsel employed by the Indemnitee for any period during which the indemnifying party has not assumed the defense thereof. If the
      indemnifying party chooses to defend or prosecute any Third-Party Claim, all the parties shall cooperate and shall cause their affiliates to cooperate in the defense or prosecution thereof. Whether or not the indemnifying party assumes the defense of
      a Third-Party Claim, the Indemnitee shall not admit any liability with respect to, or settle, compromise or discharge, such Third-Party Claim without the indemnifying party’s prior written consent (such consent not to be unreasonably withheld or
      delayed), except if (x) the Indemnitee is reasonably expected to be liable for Losses in excess of amounts reasonably expected to be received from the indemnifying party or (y) such settlement or compromise is in respect of a proceeding that seeks an
      injunction or equitable relief against the Indemnitee. If the indemnifying party assumes the defense of a Third-Party Claim, the Indemnitee shall agree to any settlement, compromise or discharge of such Third-Party Claim that the indemnifying party
      may recommend and that by its terms obligates the indemnifying party to pay the full amount of the liability in connection with such Third-Party Claim and which releases the Indemnitee completely in connection with such Third-Party Claim, which does
      not contain any admission of wrongdoing or misconduct by the Indemnitee and which does not involve any non-monetary relief (other than customary confidentiality terms). Notwithstanding the foregoing, the indemnifying party shall not be entitled to
      assume and control the defense of any Third-Party Claim (and shall be liable for the reasonable fees and expenses of counsel incurred by the Indemnitee in defending such Third-Party Claim) if (w) the Third-Party Claim seeks an order, injunction or
      other equitable relief or relief for other than money damages against the Indemnitee that the Indemnitee reasonably determines, after conferring with its outside counsel, cannot be separated from any related claim for money damages, (x) in the event
      the Third-Party Claim were to be unfavorably decided, the Indemnitee would be reasonably likely to be liable for Losses in excess of amounts reasonably expected to be received from the indemnifying party, (y) the Third-Party Claim relates to the
      titling, ownership or enforceability of any Company Property or (z) the Third-Party Claim relates to any Governmental Approval or is otherwise brought by a Governmental Entity or relates to any Third-Party Consent. If such equitable relief or other
      relief portion of the Third-Party Claim can be so separated from that for money damages, the indemnifying party shall be entitled to assume and control the defense of the portion relating to money damages.

    
      44

      
        
 

    

    (b)          Procedures for Direct Claims.

     

    
      (i)         In the event any Indemnitee should have a claim against the indemnifying party under this Agreement that
        does not involve a Third-Party Claim being asserted against or sought to be collected from such Indemnitee (a “Direct Claim”), the Indemnitee shall promptly notify the indemnifying party in writing of such Direct Claim. The failure of the
        Indemnitee to promptly notify the indemnifying party hereunder shall not relieve the indemnifying party of its obligations hereunder except to the extent that the indemnifying party is actually prejudiced by such failure. If the indemnifying party
        does not notify the Indemnitee within 30 calendar days following its receipt of such notice that the indemnifying party disputes its Liability to the Indemnitee, such Direct Claim specified by the Indemnitee in such notice shall be conclusively
        deemed a Liability of the indemnifying party.

       

      (ii)        If the indemnifying party timely disputes a Direct Claim, the Indemnitee and the indemnifying party
        shall attempt to resolve in good faith such dispute within the 30-day period after the indemnifying party delivers written notice to the Indemnitee of such dispute. If such dispute is not so resolved within such 30-day period, then either party may
        initiate a Proceeding with respect to the subject matter of such dispute in accordance with, and subject to the limitations of, Article X.

       

    

    Section 9.05        Termination of Indemnification. Except with respect to Actual Fraud by or on behalf of the Company, Seller or Buyer: 

     

    
      (a)          The obligations to indemnify and hold harmless any Indemnitee pursuant to Section 9.02(a)(i)(B)
        (and Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)) or Section 9.03(a)(i)(B) (and Section 9.03(a)(iii) as it relates to Section 9.03(a)(i)(B)) shall terminate on the date that is eighteen (18)
        months after the Closing Date; provided, however, that the obligations to indemnify and hold harmless any Indemnitee shall not terminate with respect to any and all Third-Party Claims and Direct Claims (together, “Claims”)
        that such Indemnitee has, before the expiration of such period, previously asserted against the indemnifying party by delivering a notice to the indemnifying party in accordance with this Agreement, which obligations shall survive until all such
        Claims are finally resolved.

       

      (b)          The obligations to indemnify and hold harmless any Indemnitee pursuant to Section 9.02(b) shall
        terminate 60 days after the expiration of the relevant statute of limitations with respect to the tax Liabilities, taking into account extensions thereof; provided, however, that the obligations to indemnify and hold harmless any
        Indemnitee shall not terminate with respect to any and all Claims that such Indemnitee has, before the expiration of such period, previously asserted against the indemnifying party by delivering a notice to the indemnifying party in accordance with
        this Agreement, which obligations shall survive until all such Claims are finally resolved.

    

    

    

    
      45

      
        
 

    

    (c) The obligations to indemnify and hold harmless any Indemnitee pursuant to Sections
        9.02(a)(i)(A), 9.02(a)(ii), 9.02(a)(iii), 9.02(a)(iv) and 9.02(a)(v) (as it relates to the foregoing), 9.03(a)(i)(A), 9.03(a)(ii) and 9.03(a)(iii) (as it relates to the foregoing) shall
      not terminate.

     

    Section 9.06        Exclusive Remedy Against the Indemnifying Party. Except with
      respect to Actual Fraud by or on behalf of the Company, Seller or Buyer, an Indemnitee’s right to indemnification under this Article IX constitutes such Indemnitee’s sole and exclusive monetary remedy for Losses from the indemnifying party
      with respect to any inaccuracy or breach of any representation or warranty in this Agreement or any failure to perform or comply with any covenant or agreement in this Agreement.

     

    Section 9.07        Limitation of Indemnification.

     

    
      (a)         Neither Seller nor Buyer shall be liable for any Losses indemnifiable pursuant to Section
          9.02(a)(i)(B) (or Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)) or Section 9.03(a)(i)(B) (or Section 9.03(a)(iii) as it relates to Section 9.03(a)(i)(B)), respectively, unless the aggregate
        amount of all such Losses exceeds on a cumulative basis $1,000,000 (the “Deductible”), in which case the Indemnitees shall only be entitled to indemnification for all such Losses in excess of the Deductible. In addition, no individual claim
        by any Indemnitees pursuant to Section 9.02(a)(i)(B) (or Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)) or Section 9.03(a)(i)(B) (or Section 9.03(a)(iii) as it relates to Section 9.03(a)(i)(B))
        shall be asserted unless and until the aggregate amount of Losses that would be payable pursuant to such claim exceeds an amount equal to $25,000 (it being understood that any such individual claims for amounts less than $25,000 shall be ignored in
        determining whether the Deductible has been exceeded and thereafter). Subject to the proviso in the first sentence to Section 9.07(c) and Section 9.08(d), the Seller’s and Buyer’s aggregate Liability under Section 9.02(a)(i)(B)
        (and Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)) and Section 9.03(a)(i)(B) (and Section 9.03(a)(iii) as it relates to Section 9.03(a)(i)(B)), respectively, shall in no event exceed the Share
        Indemnity Escrow Amount.

       

      (b)          (i) Seller shall not be liable for any Losses indemnifiable pursuant to Section 9.02(a)(i)(A) or
        Section 9.02(a)(ii) (or Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(A) or Section 9.02(a)(ii)) for amounts in the aggregate in excess of the Closing Date Payment and (ii) Buyer shall not be liable for any
        Losses indemnifiable pursuant to Section 9.03(a)(i)(A) (or Section 9.03(a)(iii) as it relates to Section 9.03(a)(i)(A)) for amounts in the aggregate in excess of $60,000,000.

       

      (c)          Subject to Section 9.08(d), Buyer’s sole recourse for Losses indemnifiable pursuant to Section

          9.02(a)(i)(B) (or Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)) is the Share Indemnity Escrow Amount; provided, however, that to the extent that any Buyer Common Shares comprising any portion of
        the Share Indemnity Escrow Amount shall have been previously utilized in accordance with the immediately following sentence to satisfy any indemnification obligations pursuant to Section 9.02(a) (other than any claim pursuant to Section
          9.02(a)(i)(B) (or Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)), and, as a result thereof, the remaining amount of Buyer Common Shares comprising the Share Indemnity Escrow Amount is at any time thereafter
        insufficient to satisfy any indemnification claim brought pursuant to Section 9.02(a)(i)(B) (or Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)), then Buyer shall be entitled to recover directly from Seller an
        amount of Losses not exceeding the aggregate value (measured based on the Buyer Common Share Value) of all Buyer Common Shares comprising the Share Indemnity Escrow Amount that were previously utilized to satisfy indemnification obligations
        pursuant to Section 9.02(a) (other than any claim pursuant to Section 9.02(a)(i)(B) (or Section 9.02(a)(v) as it relates to Section 9.02(a)(i)(B)). With respect to all other Losses indemnifiable pursuant to Section

          9.02, so long as the Share Indemnity Escrow Amount has not been reduced to zero, Buyer shall reduce the Share Indemnity Escrow Amount for such Losses prior to seeking to recover any Losses directly from Seller.

      
        46

        
          
 

      

    

    (d)          The limitations set forth in this Section 9.07
      shall not be applicable to any Losses that arise out of, or relate to or are in connection with Actual Fraud by or on behalf of the Company, Seller or Buyer.

     

    Section 9.08        Treatment of Share Indemnity Escrow Amount.

     

    (a)          Promptly following the date that is eighteen (18) months after the Closing Date
      (the “Release Date”) Buyer shall issue and deliver to Seller a number of Buyer Common Shares (rounded up to the nearest whole number of limited liability company interests or shares, as applicable) in book-entry form equal to (x) the remaining
      Share Indemnity Escrow Amount as of the Release Date, if any, minus (y) the Share Projected Indemnity Amount as of the Release Date, if any.

     

    
      (b)          Promptly following the final resolution of any timely asserted Claim that was unresolved on the Release
        Date, Buyer will notify Seller of the Share Projected Indemnity Amount as of such date, if any, and Buyer shall issue and deliver to Seller a number of Buyer Common Shares (rounded up to the nearest whole number of limited liability company
        interests or shares, as applicable) in book-entry form equal to (x) the remaining Share Indemnity Escrow Amount as of such date, if any, minus (y) the Share Projected Indemnity Amount as of such date, if any, and shall be subject to the
        terms and conditions of this Agreement.

       

      (c)          In the event Seller disputes Buyer’s determination of the Share Projected Indemnity Amount, Buyer and
        Seller shall attempt to resolve in good faith such dispute within the 30-day period after Seller delivers written notice to Buyer of such dispute. If such dispute is not so resolved within such 30-day period, then either party may initiate a
        Proceeding with respect to the subject matter of such dispute in accordance with, and subject to the limitations of, Article X.

       

      (d)          Notwithstanding anything in this Agreement to the contrary, in the event that (i) the Supplemental
        Approval Closing Date occurs on or after the Release Date and (ii) there are any Claims that were timely asserted by Buyer prior to the Release Date and as of the Supplemental Approval Closing Date either (x) have been finally determined to have
        resulted in Losses suffered by a Buyer Indemnitee (which Losses would have been indemnifiable pursuant to this Article IX had the Supplemental Approval Closing Date occurred prior to the Release Date), but Seller has not previously
        indemnified such Buyer Indemnitee for such Losses (any such Losses, the “Supplemental Resolved Losses”) or (y) have not been finally resolved by such date (but which, if resolved in favor of the applicable Buyer Indemnitee, would result in
        Losses which would have been indemnifiable pursuant to this Article IX had the Supplemental Approval Closing Date occurred prior to the Release Date) (any such Claims, “Supplemental Pending Claims”), then Buyer shall be entitled to
        reduce the Supplemental Share Closing Date Payment by an aggregate amount of Buyer Common Shares equal to the quotient of (A) the sum of (I) the amount of all Supplemental Resolved Losses and (II) without duplication of any then-existing Share
        Projected Indemnity Amount as of such date, the maximum aggregate amount that is reasonably determined by Buyer in good faith to be necessary to satisfy all Supplemental Pending Claims, including an amount with respect to fees and expenses
        reasonably projected by Buyer in good faith to be the maximum aggregate amount necessary to cover costs and expenses related to enforcement of such Supplemental Pending Claims (provided that the amount of this clause (A) shall not exceed
        $5,000,000), divided by (B) the Buyer Common Share Value (such quotient, the “Supplemental Indemnification Shortfall Amount”). In the event there is any Supplemental Indemnification Shortfall Amount, the provisions of Section
          9.08(b) and 9.08(c) (and any related definitions referenced therein) shall apply with respect to the resolution of any Supplemental Pending Claims, mutatis mutandis.

      
        47

        
          
 

      

    

    
      Section 9.09        Manner of Payment. Within five business days after the amount of any Losses for which an
        Indemnitee is indemnified pursuant to this Article IX is finally determined, the indemnifying party shall pay to such Indemnitee such amount in cash by wire transfer of immediately available funds to an account designated in writing by such
        Indemnitee at least two business days prior to the payment date; provided that in the case the indemnifying party is Seller (and subject to Section 9.07(c) and Section 9.08(d)), so long as the Share Indemnity Escrow Amount
        is greater than zero and Seller does not elect to pay cash as permitted in the next sentence, the Share Indemnity Escrow Amount shall be reduced by an amount (rounded to the nearest whole cent) equal to the amount of any such Losses (it being
        understood that for purposes of determining the number of Buyer Common Shares necessary to satisfy Seller’s indemnification obligations in respect of any such Losses, each Buyer Common Share shall be valued at the Buyer Common Share Value without
        any adjustment and irrespective of any fluctuation in the value of the Buyer Common Shares following the Closing). If Seller is the indemnifying party, then Seller may elect to pay cash in lieu of Buyer Common Shares in the Share Indemnity Escrow
        Amount by giving Buyer notice of this election at least three business days prior to the payment date.

       

      Section 9.10        Consideration Adjustment. For all tax purposes, Buyer and Seller agree to treat any indemnity payment under this Agreement, any payment made by Buyer pursuant to Section

          2.04 and the Share Purchase Price True-Up as an adjustment to the Purchase Price unless a final determination (which shall include the execution of an IRS Form 870-AD or successor form) provides otherwise.

       

    

    ARTICLE X

     

    Miscellaneous

     

    Section 10.01      Assignment. Neither this Agreement nor any of the rights or obligations of the parties hereunder may be assigned by any of the parties
      (including by operation of Law or otherwise) without the prior written consent of the other parties, except that Buyer may, without the prior written consent of the Company or Seller, assign any of its rights hereunder (a) to any of its subsidiaries
      or (b) to any person that, directly or indirectly, acquires Buyer or all or substantially all of its assets, but, in each case, no such assignment shall relieve Buyer of any of its obligations hereunder to the extent that any such assignee does not
      perform. Subject to the immediately preceding sentence, this Agreement shall be binding upon, and inure to the benefit of and be enforceable by, the parties and their respective successors and permitted assigns. Any attempted assignment in violation
      of this Section 10.01 shall be void.

    
      48

      
        
 

    

    Section 10.02      No Third-Party Beneficiaries. Except as provided in Article IX,
      this Agreement is for the sole benefit of the parties and their respective successors and permitted assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties and such successors and
      permitted assigns, any legal or equitable rights, remedies, obligations or benefits hereunder.

     

    Section 10.03     Notices. All notices, requests, permissions,
      waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) three business days following sending by registered or certified mail, postage prepaid, (b) when sent, if sent by email (with written
      confirmation of receipt), (c) when delivered, if delivered personally to the intended recipient, and (d) one business day following sending by overnight delivery via a national courier service and, in each case, addressed to a party at the following
      address for such party:

     

    
      	 	
              if to Buyer,

            
	 	 	 	 
	 	 	
              Florida East Coast Industries

            
	 	 	
              161 NE 6th Street, Suite 900

            
	 	 	
              Miami, FL 33136

            
	 	 	
              Attention: 

              

            	
              Patrick Goddard

            
	 	 	
              Email:

            	
              Patrick.Goddard@feci.com

            
	 	 	 	 
	 	 	
              Florida East Coast Industries

            
	 	 	
              117 NE 1st Ave., 11th Floor

            
	 	 	
              Miami, FL 33132

            
	 	 	
              Attention: 

              

            	
              Kolleen Cobb

            
	 	 	
              Email:

            	
              Kolleen.Cobb@feci.com

            
	 	 	 	 
	 	
              with a copy to:

            
	 	 	 	 
	 	 	
              Cravath, Swaine & Moore LLP

            
	 	 	
              Worldwide Plaza

            
	 	 	
              825 Eighth Avenue

            
	 	 	
              New York, NY 10019-7475

            
	 	 	
              Attention: 

              

            	
              Damien R. Zoubek, Esq.

            
	 	 	 	
              O. Keith Hallam, III, Esq.

            
	 	 	
              Email:

            	
              dzoubek@cravath.com

            
	 	 	 	
              khallam@cravath.com

            

    

    
      49

      
        
 

    

    
      	 	
              if to the Company,

            
	 	 	 	 
	 	 	
              Marnell Companies

            
	 	 	
              222 Via Marnell Way

            
	 	 	
              Las Vegas, Nevada 89119

            
	 	 	
              Attention: 

              

            	
              Anthony A. Marnell II

            
	 	 	
              Email:

            	
              tmarnell2@marnellcompanies.com

            
	 	 	 	 
	 	
              with a copy to:

            
	 	 	 	 
	 	 	
              Holland & Hart LLP

            
	 	 	
              9555 Hillwood Drive

            
	 	 	
              2nd Floor

            
	 	 	
              Las Vegas, NV 89134

            
	 	 	
              Attention: 

              

            	
              Gregory Gilbert, Esq.

            
	 	 	
              Email:

            	
              GSGilbert@hollandhart.com

            
	 	 	 	 
	 	
              if to Seller,

            
	 	 	 	 
	 	 	
              Marnell Companies

            
	 	 	
              222 Via Marnell Way

            
	 	 	
              Las Vegas, Nevada 89119

            
	 	 	
              Attention: 

              

            	
              Anthony A. Marnell II

            
	 	 	
              Email:

            	
              tmarnell2@marnellcompanies.com

            
	 	 	 	 
	 	
              with a copy to:

            
	 	 	 	 
	 	 	
              Holland & Hart LLP 

              

            
	 	 	
              9555 Hillwood Drive 

              2nd Floor 

              

            
	 	 	
              Las Vegas, NV 89134

            
	 	 	
              Attention: 

              

            	
              Gregory Gilbert, Esq.

            
	 	 	
              Email:

            	
              GSGilbert@hollandhart.com

            

    

     

    or to such other address(es) as shall be furnished in writing by any such party to the other parties in accordance
      with the provisions of this Section 10.03.

     

    Section 10.04      Headings; Certain Definitions; Interpretation.

     

    (a)          The descriptive headings of the several Articles and Sections of this
      Agreement, the Exhibits and Table of Contents to this Agreement and the Company Disclosure Letter are inserted for convenience only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this
      Agreement. All references herein to “Articles”, “Sections” or “Exhibits” shall be deemed to be references to Articles or Sections hereof or Exhibits hereto unless otherwise indicated. 

    
      50

      
        
 

    

    (b)          For all purposes hereof:

     

    “Accounting Methodologies” means GAAP as applied in the Financial Statements, it being
      understood that any amounts required hereunder to be calculated in accordance with the Accounting Methodologies shall be prepared and calculated in accordance with GAAP notwithstanding any deviations from GAAP in the Financial Statements.

     

    “Actual Fraud” means an intentional and knowing misrepresentation of the truth or
      intentional and knowing concealment of a known fact (committed with actual knowledge) that constitutes common law fraud under the Laws of the State of New York.

     

    “affiliate” means, with respect to any person, any other
      person controlling, controlled by or under common control with such first person.

     

    “Bankruptcy Exceptions” means applicable bankruptcy, insolvency, reorganization,
      moratorium and other Laws of general application affecting the enforcement of creditors’ rights generally and general principles of equity.

     

    “Base Share Indemnity Escrow Amount” means a number of Buyer Common Shares (rounded to
      the nearest whole number of limited liability company interests or shares, as applicable) equal to the quotient of (a) (x) if all of the Supplemental Approvals have been obtained on or prior to the Closing, $10,000,000, or (y) if any of the
      Supplemental Approvals have not been obtained on or prior to the Closing, $5,000,000, divided by (b) the Buyer Common Share Value.

     

    “Base Share Purchase Price” means a number of Buyer Common Shares (rounded up to the
      nearest whole number of limited liability company interests or shares, as applicable) equal to the quotient of (a) (i) if all of the Supplemental Approvals have been obtained on or prior to the Closing, $60,000,000, or (ii) if any of the Supplemental
      Approvals have not been obtained on or prior to the Closing, $30,000,000, divided by (b) the Buyer Common Share Value.

     

    “Benefit Plan” means (a) all “employee benefit plans” (within the meaning of Section
      3(3) of ERISA) and (b) all other compensation or employee benefit plans, policies, programs, agreements or arrangements (in each case under clauses (a) and (b), whether or not subject to ERISA and whether written or oral), including
      cash or equity or equity-based, employment, retention, change of control, health, medical, dental, disability, accident, life insurance, vacation, paid time off, severance, retirement, pension, savings, termination and other employee benefit plans,
      programs, policies, agreements or arrangements that, in each case under clauses (a) and (b), are sponsored, maintained, contributed to or have been entered into or are required to be sponsored, maintained, contributed to or entered into by
      the Company, its subsidiaries or any of their respective ERISA Affiliates for the benefit of any Participant, or with respect to which the Company or any of its subsidiaries has any current or contingent liability.

     

    “Business” means the business of developing and constructing the XpressWest high-speed,
      electrified passenger rail system along a contiguous corridor between Las Vegas, Nevada and Victorville, California, including all associated stations, track, switches, infrastructure and other improvements and including the ownership and operations
      of all associated vehicles and equipment, as contemplated by the specifications of such system described in the Company’s Request for Proposals—Implementation Team, dated December 23, 2009 and the Final Environmental Impact Statement and Final
      Section 4(f) Evaluation for the Proposed DesertXpress High-Speed Passenger Train issued by the U.S. Federal Railroad Administration, Department of Transportation in March 2011, and which includes (a) passenger stations in Las Vegas, Nevada and
      Victorville, California; (b) support facilities along the route described above, including the (i) Operation, Maintenance and Storage Facility in Victorville, California, (ii) Baker Maintenance of Way in Baker, California and (iii) Wigwam Maintenance
      and Storage Facility in Las Vegas, Nevada; and (c) the Frias Substation in Las Vegas, Nevada.

    
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    “business day” means a day, other than a Saturday or a
      Sunday, on which commercial banks are not required or authorized to close in each of New York City and Las Vegas, Nevada.

     

    “Buyer Common Shares” means the limited liability company interests of Buyer; provided
      that, unless context requires otherwise, if Buyer consummates a Buyer IPO, all references herein to Buyer Common Shares shall be deemed to be references to Buyer Public Shares.

     

    “Buyer Common Share Repurchase Price” means an amount in dollars (rounded to the nearest whole cent)
      equal to (a) the Buyer Common Share Repurchase Amount, multiplied by (b) the Buyer Common Share Value.

     

    “Buyer Common Share Value” means an amount, determined as of the Closing, equal to the quotient of (a)
      the Buyer Equity Valuation divided by (b) the number of Buyer Common Shares issued and outstanding at the Closing (after giving effect to the issuance of (i) the Base Share Closing Date Payment, (ii) if Buyer makes the Closing Date Share
      Election, the Optional Share Closing Date Payment and (iii) the Base Share Indemnity Escrow Amount); provided that if Buyer consummates a Buyer IPO at or prior to the Closing, the Buyer Common Share Value shall be the Buyer IPO Price.

     

    “Buyer Equity Valuation” means $3,000,000,000.

     

    “Buyer Fundamental Representation” means the representations and warranties set
      forth in Sections 5.01, 5.03, 5.04 and 5.08.

     

    “Buyer IPO” means an initial sale by Buyer of common shares to the public in an offering pursuant to an
      effective registration statement (other than a registration statement on Form S-4 or S-8 or any similar or successor form) filed under the Securities Act, after which such common shares are listed on one or more nationally recognized exchanges or
      quoted on one or more automated quotation systems, including the New York Stock Exchange or the Nasdaq Global Select Market.

     

    
      “Buyer IPO Price” means the initial public offering price (not reduced by any underwriter discounts, commissions or fees) of a
        Buyer Public Share in the Buyer IPO.

       

      “Buyer Public Share” shall mean a publicly traded common share of Buyer after a Buyer IPO. 

    

    
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    “Calculation Time” means 12:01 a.m. (New York City time) on the Closing Date.

     

    “Cash Purchase Price” means an amount in cash equal to (a) (i) if all of the
      Supplemental Approvals have been obtained on or prior to the Closing, $60,000,000, or (ii) if any of the Supplemental Approvals have not been obtained on or prior to the Closing, $30,000,000, minus (b) Closing Debt minus (c) Unpaid
      Expenses.

     

    
      “Change of Control” means the occurrence of any of the following events: (i) the acquisition of ownership,
        directly or indirectly, beneficially or of record, by any person or group (within the meaning of the Exchange Act and the rules of the SEC thereunder), other than any Permitted Holder, of equity interests of the Company or Buyer representing more
        than 50% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding equity interests of the Company or Buyer, as applicable; or (ii) the sale, lease, exclusive license or other disposition
        (x) by the Company of all or substantially all of the Company’s assets or properties or (y) by Buyer of all or substantially all of Buyer’s assets or properties, in each case, other than any such sale, lease, exclusive license or other disposition
        to an affiliate of Buyer.

       

      “Closing Date Payment” means an amount (rounded to the nearest whole cent) equal to (a) if Buyer does not
        make the Closing Date Share Election, (i) the Cash Purchase Price plus (ii) an amount (rounded to the nearest whole cent) equal to the product of (x) the Base Share Closing Date Payment, multiplied by (y) the Buyer Common Share
        Value, or (b) if Buyer makes the Closing Date Share Election, an amount (rounded to the nearest whole cent) equal to the product of (i) the sum of (x) the Base Share Closing Date Payment and (y) the Optional Share Closing Date Payment, multiplied
        by (ii) the Buyer Common Share Value.

       

    

    “Closing Debt” means an amount equal to the aggregate amount of Indebtedness and
      Guarantees of the Company and its subsidiaries as of the Calculation Time (plus the amount of any Indebtedness or Guarantees incurred between the Calculation Time and the Closing) and calculated in accordance with the Accounting Methodologies.

     

    “Commencement of Construction” means the entry into binding construction
      agreements by the Company or any of its affiliates for the physical construction of all or substantially all of a passenger rail system along a contiguous corridor between Las Vegas, Nevada and Victorville, California (including with respect to any
      associated stations, track, switches, infrastructure and other improvements along this route), but excluding any design, surveying or other ancillary services in anticipation of such construction.

     

    “Company Fundamental Representations” means the
      representations and warranties set forth in Sections 3.01, 3.02, 3.03, 3.15, 3.16 and 3.17.

     

    “Confidentiality Agreement” means the Confidentiality and
      Non-Disclosure Agreement, dated June 14, 2018, by and between the Company and Brightline Investment Holdings, LLC, an affiliate of Buyer, as amended.

     

    

    “Consent” means any consent, approval, waiver, license, permit, franchise,
      exemption, certificate, filing, notice, concession, right, grant, administrative decision or finding, certification, memorandum of understanding, right-of-way, easement, encroachment, authorization or order.

    
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    “Contract” means any loan or credit agreement, bond, debenture, note, mortgage,
      indenture, Guarantee, lease, sublease, purchase order or other contract, commitment, agreement, instrument, arrangement, understanding, obligation, undertaking, permit, concession, franchise or license, whether oral or written.

     

    “Deposit Amount” means $2,000,000.

     

    “Disposed Share Value” means an amount in dollars equal to the product of (a) the
      Buyer Common Share Value multiplied by (b) the number of Buyer Common Shares received by Seller pursuant to Section 2.01(c), Section 2.04 (if any) and Section 9.08 that are sold, disposed of or otherwise transferred by
      Seller from and after the Closing and through and including the IPO Date.

     

    “Environmental Reviews” means all assessments, studies and reviews required under Environmental Law for
      each of the Company and its subsidiaries to own, lease, develop or operate its properties and assets or to carry on the Business, including any environmental impact statement required under the National Environmental Policy Act and the California
      Environmental Quality Act and any regulations thereunder.

     

    “ERISA” means the Employee Retirement Income Security Act of
      1974, as amended, and the rules and regulations promulgated thereunder.

     

    “ERISA Affiliate” means, with respect to any Person, any trade or business, whether or not
      incorporated, that together with such Person is a single employer for purpose of Section 414(b), (c), (m) or (o) of the Code.

     

    “Exchange Act” means the United States Securities Exchange Act of 1934.

     

    “Exercising Permitted Transferee” means, as of any date of determination, any Permitted Transferee that
      (a) holds any Buyer Common Shares that were previously transferred to such Permitted Transferee in accordance with Article II of the Stockholder Agreement and (b) is identified by Seller in the Buyer Common Share Repurchase Notice as electing to
      sell, transfer and deliver to Buyer all or any portion of such Buyer Common Shares in accordance with Section 2.02(c).

     

    “GAAP” means generally accepted accounting principles of the United States.

     

    
      “Governmental Approvals” means all federal, state, provincial and local, domestic and foreign, Consents,
        Judgments and other approvals by or agreements with any Governmental Entity or relevant tribal authority necessary for each of the Company and its subsidiaries to own, lease, develop or operate its properties and assets and to carry on the
        Business, including all such Governmental Approvals required under Environmental Law and all such Governmental Approvals by or with the Federal Railroad Administration, Bureau of Land Management, STB, Federal Highway Administration, the California
        State Transportation Agency, California Department of Transportation, California Business, Transportation and Housing Agency, State and Regional Water Quality Control Board for California, California Department of Fish and Game, Nevada Division of
        Forestry, Nevada Department of Transportation, Nevada High Speed Rail Authority, Nevada Division of Environmental Protection, Mojave Desert Air Quality Management District, Clark County Department of Air Quality and Environmental Management, U.S.
        Army Corps of Engineers, U.S. Fish and Wildlife Service, U.S. Department of the Interior, Federal Aviation Administration, Federal Emergency Management Agency, National Park Service, Advisory Council on Historic Preservation, State Historic
        Preservation Officers and Environmental Protection Agency and any similar agencies.

      
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     “Governmental Entity” means any federal, state, provincial
      or local, domestic or foreign, government or court of competent jurisdiction, administrative agency or commission or other governmental or regulatory authority, instrumentality or agency.

     

    “Guarantee” means, with respect to any person, any obligation, contingent or otherwise, of such person
      guaranteeing any Indebtedness of any other person in any manner, whether directly or indirectly, and including any obligation of such first person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of)
      such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness, (ii) to purchase property, securities or services for the purpose of assuring the owner of such Indebtedness of
      the payment of such Indebtedness or (iii) to maintain working capital, equity capital or other financial statement condition or liquidity of such other person so as to enable such other person to pay such Indebtedness; provided, however,
      that endorsements for collection or deposit made in the ordinary course of business consistent with past practice shall not be Guarantees.

     

    “Indebtedness” means, with respect to any person, (i) all obligations of such person
      for borrowed money or with respect to deposits or advances of any kind, (ii) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (iii) all obligations of such person upon which interest charges are customarily
      paid, other than trade credit incurred in the ordinary course of business consistent with past practice, (iv) all obligations of such person under conditional sale or other title retention agreements relating to property or assets purchased by such
      person, (v) all obligations of such person issued or assumed as the deferred purchase price of property or services, (vi) all indebtedness of others secured by (or for which the holder of such indebtedness has an existing right, contingent or
      otherwise, to be secured by) any Lien on property owned or acquired by such person, whether or not the obligations secured thereby have been assumed, (vii) all Guarantees by such person, (viii) all capital lease obligations of such person, (ix) all
      obligations of such person in respect of interest rate protection agreements, foreign currency exchange agreements or other interest or exchange rate hedging arrangements and (x) all obligations of such person as an account party in respect of
      letters of credit and bankers’ acceptances.

     

    “Indemnitee” means a Buyer Indemnitee or a Seller Indemnitee, as applicable.

    
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    “Intellectual Property” means all intellectual property and other similar proprietary
      rights in any jurisdiction, including such rights in and to: (i) any patent (including all reissues, divisionals, continuations, continuations-in-part, reexaminations, supplemental examinations, inter partes reviews,

      post-grant oppositions, substitutions and extensions thereof), patent application, patent disclosure or other patent right; (ii) any trademark, service mark, trade name, business name, brand name, slogan, logo, trade dress or other indicia of origin,
      including any registration or any application for registration therefor, together with all goodwill associated therewith; (iii) any copyright, work of authorship (whether or not copyrightable), design or database rights (including in all website
      content and software), including any registration or any application for registration therefor; (iv) trade secrets (as defined in the Uniform Trade Secrets Act and under corresponding foreign statutory and common law) and/or nonpublic know-how,
      including, for example, inventions, discoveries, improvements, concepts, ideas, methods, processes, designs, schematics, drawings, technical data, specifications, research and development information, technology, databases, data collections, business
      plans and other technical information, and other rights in know-how and confidential or proprietary information and (iv) URLs and domain names (including any top level domain names and global top level domain names) and registrations and applications
      for registration therefor, and social media identifiers, handles and tags.

     

    “IPO Date” means the closing date of a Buyer IPO.

     

    “Judgment” means any judgment, order, writ, injunction, legally binding
      agreement with a Governmental Entity, stipulation or decree.

     

    
      “Knowledge of the Company” means the actual knowledge of the individuals listed on Section 10.04(b) of the
        Company Disclosure Letter after having made reasonable inquiry of those employees of the Company and its subsidiaries primarily responsible for such matters, but without further investigation by such persons.

       

      “Law” means any statute, law, ordinance, legally-binding rule, regulation or any legally binding
        administrative or judicial decisions, interpretations, or policies issued by any Governmental Entity in connection with any of the foregoing.

       

      “Lien” means any pledge, claim, lien, charge, mortgage, deed of trust, security interest, option, lease,
        easement, covenant, condition, right of way, right of first refusal or offer, or other encumbrance of any kind or nature whatsoever.

       

    

    “Losses” of any person shall mean any and all Proceedings, assessments, losses,
      damages, Liabilities, taxes, costs and expenses asserted against, imposed upon or incurred by such person, including interest, penalties, attorneys’ fees and expenses, third-party expert and consultant fees and expenses, fines, Judgments, awards and
      financial responsibility for investigation, removal and cleanup costs, natural resource damages, and government oversight costs, in each case on a pre-tax basis.

    “Manager” has the meaning assigned to such term in the Operating Agreement.

     

    “Maximum Buyer Common Share Repurchase Amount” means a number of Buyer Common Shares (to the extent
      such Buyer Common Shares are owned by Seller or any Exercising Permitted Transferee as of the Buyer Common Share Repurchase Closing Date) equal to (a) the Optional Share Closing Date Payment (to the extent previously issued and delivered to Seller in
      accordance with Section 2.01(c)), plus (b) the Optional Supplemental Share Purchase Price (to the extent previously issued and delivered to Seller in accordance with Section 2.04), minus (c) the number of Buyer Common Shares that are
      sold, disposed of or otherwise transferred by Seller (other than to a Permitted Transferee in accordance with Article II of the Stockholder Agreement) from and after the Closing and through and including the IPO Date (but only to the extent such
      number of Buyer Common Shares referred to in this clause (c) exceeds the sum of (i) the Base Share Closing Date Payment, (ii) if any Buyer Common Shares have previously been issued pursuant to Section 2.04(b), the Supplemental Share Closing
      Date Payment, and (iii) the number of Buyer Common Shares received by Seller pursuant to Section 9.08).

    
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    “Member” has the meaning assigned to such term in the Operating Agreement.

     

    “Membership Interests” has the meaning assigned to such term in the Operating
      Agreement.

     

    “Operating Agreement” means the Fourth Amended and Restated
      Operating Agreement of the Company, dated as of October 13, 2017.

     

    “Optional Share Closing Date Payment” means a number of Buyer Common Shares
      (rounded up to the nearest whole number of limited liability interests) equal to the quotient of (a) (i) (x) if all of the Supplemental Approvals have been obtained on or prior to the Closing, $60,000,000, or (y) if any of the Supplemental Approvals
      have not been obtained on or prior to the Closing, $30,000,000, minus (ii) the Deposit Amount (if previously paid pursuant to Section 2.03), minus (iii) Closing Debt, minus (iv) Unpaid Expenses, divided by (b) the Buyer Common Share
      Value.

     

    “Optional Supplemental Share Purchase Price” means a
      number of Buyer Common Shares equal to the Supplemental Share Purchase Price.

     

    “Organizational Documents” means any charter, certificate, articles or deed of
      incorporation, articles of organization, certificate of formation, articles of association, bylaws, operating agreement or similar formation or governing documents and instruments, including, for the avoidance of doubt, in the case of the Company,
      the Company’s articles of organization and the Operating Agreement.

     

    “Participant” means any current or former director,
      employee, individual independent contractor or other individual service provider of the Company or any of its subsidiaries.

     

    “Permitted Holder” means Fortress Investment Group LLC and any affiliate thereof,
      and investment funds or partnerships managed by any of the foregoing.

     

    “Permitted Liens” means (a) mechanics’, materialmen’s, carriers’, repairers’ and other similar Liens
      arising or incurred in the ordinary course of business consistent with past practice for amounts that are not yet due or are being contested in good faith by appropriate Proceedings, and for which adequate reserves have been made in accordance with
      GAAP, (b) Liens for taxes, assessments or other governmental charges not yet due and payable as of the Closing Date or which are being contested in good faith by appropriate Proceedings, and for which adequate reserves have been made in accordance
      with GAAP, (c) encumbrances, restrictions, easements, covenants, conditions, rights of way and similar matters of record affecting title to real property that, individually or in the aggregate, would not reasonably be expected to impair the conduct
      of the Business and (d) zoning, building codes and other land use Laws regulating the use or occupancy of real property or the activities conducted thereon which are imposed by any Governmental Entity having jurisdiction over such real property and
      which are not violated by the conduct of the Business.

    
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     “Permitted Transferee” has the meaning assigned to such term in the Stockholder
      Agreement.

     

    
      “person” means any individual, firm, corporation, partnership, limited liability company, trust, joint
        venture, Governmental Entity or other entity.

       

      “Pre-Closing Tax Period” means any taxable period that ends on or before the Closing Date or the portion of
        any Straddle Period ending on the Closing Date.

       

    

    “Pre-Closing Tax Returns” means any tax returns of the Company and each of its
      subsidiaries for any period ending on or before the Closing Date or any Straddle Period.

     

    “Proceeding” means any action, complaint, threat, order,
      directive, citation, notice, suit, charge, hearing, proceeding, claim or counterclaim or legal, administrative, arbitration or other alternative dispute resolution proceeding or investigation.

     

    “Purchase Price” means, subject to adjustment pursuant to Section

        2.04, an amount in dollars equal to (a) the Cash Purchase Price plus (b) (x) if all of the Supplemental Approvals have been obtained on or prior to the Closing, $60,000,000, or (y) if any of the Supplemental Approvals have not been
      obtained on or prior to the Closing, $30,000,000.

     

    “SEC” means the United States Securities and Exchange Commission.

     

    “Seller Fundamental Representations” means the representations and warranties set
      forth in Sections 4.01, 4.02, 4.03 and 4.04.

     

    “Seller’s Aggregate IPO Holding” means an amount in dollars equal to the product of
      (x) the Buyer IPO Price multiplied by (y) the number of Buyer Public Shares held by Seller upon the closing of (and after giving effect to) a Buyer IPO (it being understood that, for purposes of this definition, (i) any Buyer Common Shares
      issued as part of the Optional Share Closing Date Payment or the Optional Supplemental Share Purchase Price and (ii) any Buyer Common Shares that continue to be included in the Share Indemnity Escrow Amount shall, in each case, not be considered held
      by Seller).

     

    “Share Consideration Target Value” means, as of any date of determination, an
      amount in dollars equal to (a) (i) the Base Share Closing Date Payment (plus, if any Buyer Common Shares have previously been issued pursuant to Section 2.04(b), the Supplemental Share Closing Date Payment), multiplied by (ii)
      the Buyer Common Share Value, plus (b) the Share Indemnity Release Value, minus (c) the Disposed Share Value. 

    
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    “Share Indemnity Escrow Amount” means the Base Share Indemnity Escrow Amount (plus, from and after the
      Supplemental Approval Closing Date (if the Supplemental Approval Closing Date occurs prior to the Release Date), the Supplemental Share Indemnity Escrow Amount). The Share Indemnity Escrow Amount is subject to adjustment pursuant to Sections
        2.02(b), 2.05, 9.08 and 9.09.

     

    “Share Indemnity Release Value” means an amount in dollars equal to the product of
      (a) the Buyer Common Share Value multiplied by (b) the number of Buyer Common Shares, if any, that have been released to Seller pursuant to Section 9.08 prior to the IPO Date.

     

    “Share Projected Indemnity Amount” means, as of any date, the number of Buyer Common Shares (rounded to
      the nearest whole number of limited liability company interests or shares, as applicable) equal to the quotient of (i) the maximum aggregate amount that is reasonably determined by Buyer in good faith to be necessary to satisfy all Claims that have
      been timely asserted in accordance with this Agreement, but not finally resolved by that date, including an amount with respect to fees and expenses reasonably projected by Buyer in good faith to be the maximum aggregate amount necessary to cover
      costs and expenses related to the enforcement of such Claims divided by (ii) the Buyer Common Share Value.

     

    “Share Purchase Price True-Up” means a number of Buyer Public Shares
      (rounded to the nearest whole number of shares) equal to

     

    (A + B-C-D)÷ E

     

    

    where “A” is an amount in dollars equal to the product of (i) the Base Share Closing Date Payment (plus,
      if any Buyer Common Shares have previously been issued pursuant to Section 2.04(b), the Supplemental Share Closing Date Payment), multiplied by (ii) the Buyer Common Share Value; “B” is the Share Indemnity Release Value; “C” is the
      Disposed Share Value; “D” is Seller’s Aggregate IPO Holding; and “E” is the Buyer IPO Price.

     

    “STB” means the Surface Transportation Board.

     

    
      “Stockholder Agreement” means the stockholder agreement to be entered into at the Closing by and among Buyer and Seller,
        substantially in the form of Exhibit A attached hereto.

       

      “Straddle Period” means any taxable period that includes (but does not end on) the Closing Date.

       

      “subsidiary” means, with respect to any person, any other person, an amount of the voting securities or other voting ownership
        or voting partnership interests of which sufficient to elect at least a majority of its board of directors or other governing body (or, if there are no such voting interests, 50% or more of the equity interests of which) is owned, directly or
        indirectly, by such first person or by another subsidiary of such first person.

       

    

    “Supplemental Approvals” means each of the Consents set forth under Category 2 of
      Section 7.02(f) of the Company Disclosure Letter.

    

    

    
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    “Supplemental Approval Interest Rate” means a rate of four percent (4.0%) per
      annum (provided that under no circumstances will such rate be less than the short-term Applicable Federal Rate, as defined in Section 1274(d) of the Code).

     

    

    “Supplemental Approvals Outside Date” means the date that is ten years after the
      Closing Date.

     

    “Supplemental Cash Purchase Price” means the sum of (a) $30,000,000 and (b) interest
      accrued on such amount from the Closing Date to but excluding the Supplemental Approval Closing Date, at the Supplemental Approval Interest Rate.

     

    

    “Supplemental Share Indemnity Escrow Amount” means a number of Buyer Common Shares
      (rounded to the nearest whole number of limited liability company interests or shares, as applicable) equal to the quotient of (a) $5,000,000 divided by (b) the Buyer Common Share Value.

     

    “Supplemental Share Purchase Price” means a number of Buyer Common Shares (rounded up to the nearest
      whole number of limited liability company interests or shares, as applicable) equal to the quotient of (a) the sum of (i) $30,000,000 and (ii) interest accrued on such amount from the Closing Date to but excluding the Supplemental Approval Closing
      Date, at the Supplemental Approval Interest Rate, divided by (b) the Buyer Common Share Value.

     

    
      “Tharaldson Land Purchase” means the transactions contemplated by the Real Estate Purchase and Sale Agreement by and among
        Tharaldson Ethanol Plant I, LLC, TMII South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc., C.Y. Heritage Inn of Dayton, Inc., and 4424 Polaris Avenue, LLC, collectively as seller, and Buyer, as purchaser, dated as of the date hereof
        (the “Tharaldson Land Purchase Agreement”).

       

      “Third-Party Consents” means all Consents and other approvals by or agreements with any person (other than any Governmental
        Entity) necessary for each of the Company and its subsidiaries to own, lease, develop or operate its properties and assets and to carry on the Business.

       

    

    “Unpaid Expenses” means, to the extent not paid and discharged by the Company and/or Seller prior to or
      at the Closing, an amount equal to (i) all fees, costs and expenses (including fees, costs and expenses of legal counsel, investment bankers, brokers or other representatives, advisors and consultants; appraisal fees, costs and expenses; and travel,
      lodging, entertainment and associated expenses) incurred by or on behalf of the Company or any of its subsidiaries on or prior to Closing in connection with this Agreement, the Acquisition and the other transactions contemplated hereby, including all
      fees, costs and expenses of Holland & Hart LLP plus (ii) all accrued management fees and any other fees, expenses or other amounts payable to Seller, the Manager, any Member or any of other affiliate of Seller in connection with this
      Agreement and the transactions contemplated hereby (including any amounts payable upon termination of any Contracts, agreements or arrangements with any of Seller or any of their affiliates in connection with this Agreement or the transactions
      contemplated hereby).

     

    
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    (c)       For all purposes hereof, the terms “include”, “includes” and “including” shall
      be deemed to be followed by the words “without limitation”. The words “hereof”, “hereto”, “hereby”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular
      provision of this Agreement. The word “will” shall be construed to have the same meaning as the word “shall”. The word “or” is not exclusive. The word “extent” in the phrase “to the extent” means the degree to which a subject or other thing extends,
      and such phrase shall not mean simply “if”. The phrase “date hereof” or “date of this Agreement” shall be deemed to refer to September 17, 2018. Whenever the words “made available to Buyer” or similar words are used in this Agreement with respect to
      any documents or other information, such words shall mean that such documents or information were available to Buyer at least one business day prior to the date of this Agreement in the electronic dataroom maintained on behalf of the Company (as
      evidenced by a DVD or CD-ROMs imprinted with all such documents or information and delivered by the Company to Buyer promptly following the date hereof). The definitions contained in this Agreement are applicable to the singular as well as the plural
      forms of such terms and to the masculine as well as the feminine and neuter genders of such terms. Any applicable Law defined or referred to herein means such applicable Law as from time to time amended, modified or supplemented. Any reference to any
      statute herein shall also be deemed to refer to all rules and regulations promulgated thereunder. References to a person are also to its successors and permitted assigns.

     

    Section 10.05     Counterparts. This Agreement may be executed in one or more
      counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered, in person or by facsimile, or by electronic image scan, receipt
      acknowledged, to the other parties.

     

    Section 10.06     Integrated Contract. This Agreement, including the Company Disclosure Letter and
      Buyer Disclosure Letter, any written amendments to the foregoing satisfying the requirements of Section 10.13 hereof and the Confidentiality Agreement constitute the entire agreement between the parties with respect to the subject matter
      hereof and thereof and supersede any previous agreements and understandings between the parties with respect to such matters. Any term used in the Company Disclosure Letter or Buyer Disclosure Letter but not otherwise defined therein shall be defined
      as set forth in this Agreement.

     

    Section 10.07     Severability. The invalidity, illegality or unenforceability of any portion of this
      Agreement shall not affect the validity, force or effect of the remaining portions of this Agreement. If it is ever held that any restriction hereunder is too broad to permit enforcement of such restriction to its fullest extent, each party agrees
      that a court of competent jurisdiction may enforce such restriction to the maximum extent permitted by Law, and each party hereby consents and agrees that such scope may be judicially modified accordingly in any Proceeding brought to enforce such
      restriction.

     

    Section 10.08     Governing Law. This Agreement and disputes relating hereto
      (whether for breach of contract, tortious conduct or otherwise) shall be governed and construed in accordance with the Laws of the State of New York, without reference to its conflicts of law principles.

    
      61

      
        
 

    

    Section 10.09     Jurisdiction. Each party irrevocably agrees that any Proceeding
      against it arising out of or in connection with this Agreement or the transactions contemplated hereby or disputes relating hereto (whether for breach of contract, tortious conduct or otherwise) shall be brought exclusively in (a) any New York State
      Court sitting in the County of New York or (b) the United States District Court for the Southern District of New York, and irrevocably accepts and submits to the exclusive jurisdiction and venue of the aforesaid courts in personam with respect to any such Proceeding. Each of Buyer, Seller and the Company irrevocably and unconditionally waives any objection to the laying of venue of any Proceeding arising out of or in connection with this Agreement
      or the transactions contemplated hereby or disputes relating hereto (whether for breach of contract, tortious conduct or otherwise) in (x) any New York State Court sitting in the County of New York or (y) the United States District Court for the
      Southern District of New York and irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such Proceeding brought in any such court has been brought in an inconvenient forum.

     

    Section 10.10     Service of Process. Each party agrees that service of any
      process, summons, notice or document by U.S. registered mail to such party’s respective address set forth in Section 10.03 shall be effective service of process for any Proceeding in New York with respect to any matters for which it has
      submitted to jurisdiction pursuant to Section 10.09.

     

    Section 10.11     Waiver of Jury Trial. Each party hereby waives, to the fullest
      extent permitted by applicable Law, any right it may have to a trial by jury in respect of any Proceeding arising out of or in connection with this Agreement or the transactions contemplated hereby or disputes relating hereto (whether for breach of
      contract, tortious conduct or otherwise). Each party (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 any Proceeding, seek to enforce
      the foregoing waiver and (b) acknowledges that it and the other parties have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 10.11.

     

    Section 10.12     Enforcement. The parties agree that irreparable damage would occur and that the
      parties would not have any adequate remedy at Law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be
      entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the provisions of this Agreement in (i) any New York State Court sitting in the County of New York or (ii) the United States District
      Court for the Southern District of New York, without any requirement to post a bond, this being in addition to any other remedy to which the parties are entitled at Law or in equity.

    
       

      

      Section 10.13     Amendments. This Agreement may be amended, modified, superseded or canceled only by an instrument in writing
        signed by Seller and Buyer and any of the provisions hereof may be waived only by an instrument in writing signed by or on behalf of the party waiving compliance.

       

      Section 10.14     Further Assurances. Each of Seller, the Company and Buyer agrees to execute and deliver, upon the written
        request of any other party, any and all such further instruments and documents as are reasonably appropriate for the purpose of obtaining the full benefits of this Agreement.

    

    

    

    
      62

      
        
 

    

    Section 10.15     Transfer of Privilege; Conflict Waiver.

     

    
      (a)          Buyer: (i) acknowledges that Holland & Hart LLP has represented Seller and the Company in connection with the
        transactions provided for herein and that, effective upon the Closing, the Company shall, without the necessity of further documentation of transfer, be deemed to have irrevocably assigned and transferred to Seller immediately prior to the Closing,
        on behalf of the Company, all of the Company’s right to, title to and interest in all communications with, and work product of, Holland & Hart LLP as they relate to this Agreement and the transactions contemplated hereby, the documents related
        hereto and the preparation and negotiation thereof, together with all written or other materials consisting of, containing, summarizing or embodying such communications and work product, and (ii) agree that the intent and effect of this provision
        is to grant Seller control over the exercise of the attorney-client privilege held by the Company in respect of this Agreement and the transactions contemplated hereby (but not any other matters), the related documents and the transactions effected
        by each and the preparation and negotiation thereof, together with all written or other materials consisting of, containing, summarizing or embodying such communications and work product, and (iii) agree that after the Closing, the Company will not
        knowingly waive the attorney-client privilege belonging to the Company, if any, relating to any matter relating to this Agreement and the transactions contemplated hereunder, all related documents and the transactions effected by each and the
        preparation and negotiation thereof occurring before the Closing or disclose the content of communications or work product related to such privilege to any person with the intention of or knowingly waiving the attorney-client privilege to which the
        communications or work product is subject, without the express written consent of Seller.

       

      (b)          The parties further intend that Seller may, should it so choose, to have the benefit of representation by Holland &
        Hart LLP in connection with post-Closing matters concerning this Agreement, any documents contemplated hereunder and the transactions contemplated hereunder and thereunder. Accordingly, each party agrees that this Agreement will (i) constitute
        consultation with respect to the potential conflict of interest that Holland & Hart LLP may have as a result of its representation of the Company both historically and in connection with this Agreement and the transactions contemplated
        hereunder, (ii) confirm that each party understands the risks associated with potential conflicts of interest and that the parties have alternatives to waiving the potential conflict (including refusing to waive the potential conflict or declining
        to engage in the matter giving rise to the potential conflict), and (iii) that the parties still wish to consent to Holland & Hart LLP’s representation, if requested, of Seller in connection with matters relating to this Agreement and/or the
        transactions contemplated hereunder, and waive any conflicts of interest which may exist as a result of such representation, including in connection with any litigation or adversarial proceeding arising among the parties, or any of them, regarding
        this Agreement and the transactions contemplated hereunder. The parties acknowledge that this waiver in no way limits Holland & Hart LLP’s obligations under applicable rules of professional conduct, but that Holland & Hart LLP shall be
        entitled to fully rely upon this waiver to the extent permitted by the applicable rules of professional conduct.

      

    

    

    

    
      63

      
        
 

    

    IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed as of the date first written above. 

     

    
      	 	
              BRIGHTLINE HOLDINGS LLC

            
	 	 	 	 	 
	 	 	
              By:

            	/s/ Kolleen Cobb
	 	 	 	
              Name:

            	Kolleen Cobb
	 	 	 	
              Title:

            	Vice President
	 	 	 	 	 
	 	
              DESERTXPRESS ENTERPRISES, LLC

            
	 	 	 	 
	 	 	
              By: 

              

            	
              BENNY’S HOLDCO, LLC

            
	 	 	 	 
	 	 	
              Its:

            	
              Manager

            
	 	 	 	 	 
	 	 	
              By:

            	
              /s/ Anthony A. Marnell II

            
	 	 	 	
              Name:

            	
              Anthony A. Marnell II

            
	 	 	 	
              Title:

            	
              Manager

            
	 	 	 	 	 
	 	
              BENNY’S HOLDCO, LLC

            
	 	 	 	 	 
	 	 	
              By: 

              

            	
              DX, LLC

            
	 	 	 	 
	 	 	
              Its:

            	
              Manager

            
	 	 	 	 	 
	 	 	
              By:

              

            	
              /s/ Anthony A. Marnell II

            
	 	 	 	
              Name:

            	
              Anthony A. Marnell II

            
	 	 	 	
              Title:

            	
              Manager

            

    

     

    [Signature Page to Membership Interest Purchase Agreement]

    

    

    
      
        
 

    

     

    EXHIBIT A

     

    FORM OF STOCKHOLDER AGREEMENT

    
      
        
 

    

  

   

  
    
      
        
 

       

      STOCKHOLDER AGREEMENT

    

    
       

      Dated as of [●]

    

    
       

      by and between

       

      BRIGHTLINE HOLDINGS LLC

      

    

    
       

      and

    

    
       

      BENNY’S HOLDCO, LLC

       

    

    
      
 

    

      
 

     

    
      
        
 

    

    
    
       

      TABLE OF CONTENTS

       

    

    
      

      

       

      
        	 	 	 	Page 

              
	 	 	 	 
	 	
                ARTICLE I

              	 	 
	 	 	 	

              
	 	
                Governance

              	 	
                  

              
	
                1.1

              	
                Composition of the Board of Directors

              	 	
                1

              
	
                1.2

              	
                Termination of Board Designation Rights

              	 	
                3

              
	
                1.3

              	
                Stockholder Information Rights

              	 	
                3

              
	 	
                ARTICLE II

              	 	 
	 	 	 	 
	 	
                Transfers; Tag-Along; Drag-Along; Put Right

              	 	 
	
                2.1

              	
                Transfer Restrictions

              	 	
                4

              
	
                2.2

              	
                Tag Along; Drag Along; Put Right

              	 	
                6

              
	 	
                ARTICLE III

              	 	 
	 	 	 	 
	 	
                Definitions

              	 	 
	 	 	 	 
	
                3.1

              	
                Defined Terms

              	 	
                10

              
	
                3.2

              	
                Interpretation

              	 	
                14

              
	 	
                ARTICLE IV

              	 	 
	 	 	 	 
	 	
                Miscellaneous

              	 	 
	
                4.1

              	
                Term

              	 	
                14

              
	
                4.2

              	
                Notices

              	 	
                15

                

              
	
                4.3

              	
                Amendment

              	 	
                16

              
	
                4.4

              	
                Assignment

              	 	
                16

              
	
                4.5

              	
                Severability

              	 	
                17

              
	
                4.6

              	
                Counterparts

              	 	
                17

              
	
                4.7

              	
                Entire Agreement

              	 	
                17

              
	
                4.8

              	
                Governing Law

              	 	
                17

              
	
                4.9

              	
                Jurisdiction

              	 	
                17

              
	
                4.10

              	
                Service of Process

              	 	
                18

              
	
                4.11

              	
                Waiver of Jury Trial

              	 	
                18

              
	
                4.12

              	
                Enforcement

              	 	
                18

              
	
                4.13

              	
                Third Party Beneficiaries

              	 	
                18

              
	
                4.14

              	
                Permitted Transferee Representative

              	 	
                18

              
	
                4.15

              	
                Confidentiality

              	 	
                19

              
	
                4.16

              	
                Cooperation

              	 	
                19

              

      

       

      
        i

        
          
 

      

      
       

    

    
      This STOCKHOLDER AGREEMENT, dated as of [●] (this “Agreement”), is by and between BRIGHTLINE HOLDINGS LLC, a Delaware [limited liability company][corporation]1 (“Buyer”), and BENNY’S HOLDCO, LLC, a Nevada limited liability company (the “Stockholder”).

    

    
       

      W I T N E S S E T H:

    

    
       

      WHEREAS, on September 17, 2018, Buyer and the Stockholder entered into a Membership Interest Purchase Agreement (as it may be amended from
        time to time, the “Purchase Agreement”), pursuant to which, among other things, Buyer will issue, on the date hereof, Buyer Common Shares to the Stockholder
        in an amount equal to the Base Share Closing Date Payment and, if Buyer makes the Closing Date Share Election, the Optional Share Closing Date Payment; and

    

    
       

      WHEREAS, each of the parties wishes to set forth in this Agreement certain terms and conditions regarding, among
        other things, the Stockholder’s ownership of Buyer Common Shares;

    

    
       

      NOW, THEREFORE, in consideration of the premises, and of the representations, warranties, covenants and agreements set forth herein,
        and intending to be legally bound, the parties agree as follows:

    

    
       

      ARTICLE I

       

    

    
      Governance 

       

      1.1          Composition of the Board of
            Directors.

    

    
       

      (a)          Upon the occurrence of the
          Stockholder Investor Rights Initiation Event, Buyer shall cause one (1) Stockholder Designee to be appointed to the Board.

       

      (b)          During the Stockholder Investor Rights
          Period, subject to the other provisions of this Section 1.1, at each annual or special meeting of the stockholders of Buyer at which directors are to be
          elected to the Board, Buyer shall nominate and use its reasonable best efforts (which shall, subject to applicable Law and Judgment, include including in any proxy statement used by Buyer to solicit the vote of its stockholders in connection with
          any such meeting the recommendation of the Board that stockholders of Buyer vote in favor of the slate of directors) to cause the election to the Board of a slate of directors that includes one (1) Stockholder Designee.  

       

      

      
        

      1 To be updated based on type of entity at Closing. 

      
         

        
          
 

      

      
      (c)          The Stockholder shall notify Buyer of the identity of any proposed Stockholder Designee, in writing, at or before the time such information is reasonably requested by the Board or any
          applicable committee of the Board responsible for governance and board nominating matters (the “Governance and Nominating Committee”) to
        permit a reasonable time for the Board to review such proposed Stockholder Designee and for inclusion in a proxy statement for a meeting of stockholders, and shall furnish all information about such proposed Stockholder Designee as shall be
        reasonably requested by the Board or the Governance and Nominating Committee in connection therewith (including, at a minimum, any information regarding such proposed Stockholder Designee to the extent required by applicable Law or Judgment,
        including applicable securities Laws). Notwithstanding the provisions of this Article I, the Stockholder shall not be entitled to designate a
        particular Stockholder Designee (or, for the avoidance of doubt, any particular Stockholder Director) to the Board pursuant to this Article I if
        such Stockholder Designee is not reasonably acceptable to the Board and the Governance and Nominating Committee (it being understood that each of Anthony A. Marnell II and Anthony A. Marnell III is, as of the date of this Agreement, reasonably
        acceptable to the Board and the Governance and Nominating Committee).

    

     

    
      

      

      (d)          Subject to Section 1.1(c), so long as no Stockholder Investor Rights Termination Event has occurred, in the event of (i) the death, disability, removal or resignation of the Stockholder Director,
          the Board shall promptly appoint as a replacement Stockholder Director the Stockholder Designee designated by the Stockholder to fill the resulting vacancy and to serve for the term that such Stockholder Director would have served but for such
          Stockholder Director’s death, disability, removal or resignation, or (ii) the failure of a Stockholder Designee to be elected to the Board at any annual or special meeting of the stockholders of Buyer during the Stockholder Investor Rights Period
          and at which such Stockholder Designee stood for election but was nevertheless not elected (such Stockholder Designee, a “Stockholder Specified Designee”),
          the Board shall promptly appoint another Stockholder Designee designated by the Stockholder to serve in lieu of such Stockholder Specified Designee as the Stockholder Director during the term that such Stockholder Specified Designee would have
          served had such Stockholder Specified Designee been elected at such meeting of the stockholders of Buyer, and, in each case of clause (i) and clause (ii), such individual shall then be deemed the Stockholder Director for all purposes hereunder.

       

      (e)          Buyer shall at all times provide each
          Stockholder Director (in his or her capacity as a member of the Board) with the same rights to indemnification, advancement of expenses and exculpation that it provides to the other members of the Board.

       

      
        2

        
          
 

      

       

      (f)          For the avoidance of doubt, subject to applicable Law and Judgment, for so long as a Stockholder Director is a member of the Board, Buyer and its subsidiaries will prepare and provide, or
          cause to be prepared and provided, to such Stockholder Director (in his or her capacity as such) any materials or other information prepared for or given to any other member of the Board (excluding any such materials or other information prepared
          for and given solely to the [Chief Executive Officer] and no other member of the Board), as and when prepared for or given to any such other member, or any other materials or other information relating to the management, operations and
        finances of Buyer and its subsidiaries as and when generally provided to directors of Buyer; provided, however, that the Stockholder Director shall not be entitled to attend or participate in, and shall, to the extent applicable, waive notice and recuse himself or herself from, such meetings
        as a party thereto, and shall not be entitled to receive any information, in each case to the extent related to the Stockholder or the Purchase Agreement, any ancillary transaction documents related thereto or any of the transactions contemplated
        thereby or otherwise related to any other commercial relationship between the Stockholder or any of its affiliates, on the one hand, and Buyer or any of its affiliates, on the other hand. Each Stockholder Director shall be bound by and subject to
        the same confidentiality obligations as each other director of Buyer.

    

     

    
       

      1.2          Termination of Board Designation Rights. Promptly upon the occurrence of a Stockholder Investor Rights Termination Event, all obligations of Buyer with respect to, and all rights of, the
          Stockholder and the Stockholder Director or Stockholder Designee pursuant to this Article I (other than rights to indemnification, advancement of expenses
          and exculpation) shall terminate and the Stockholder shall cause the Stockholder Director to immediately resign from the Board. In furtherance of the foregoing, each Stockholder Designee shall, prior to (and as a condition to) his or her
          appointment or election to the Board, and the Stockholder shall cause each Stockholder Designee to, execute an irrevocable resignation as director which will automatically become effective upon a Stockholder Investor Rights Termination Event.

    

    
       

      1.3          Stockholder Information Rights.

    

    
       

      (a)          Quarterly Financial Statements. Buyer shall deliver to the Stockholder, within 90 calendar days after the end of each fiscal quarter of OpCo (other than the last fiscal quarter
          of any fiscal year of OpCo):

    

    
       

      (i)           an unaudited balance sheet as at the end of such fiscal quarter; and

    

    
       

      (ii)          an unaudited income statement for such fiscal quarter;

       

      in each case for OpCo and its subsidiaries (on a consolidated basis), excluding footnotes thereto, all prepared in accordance with GAAP (applicable to
        non-public companies) consistently applied throughout the periods covered thereby, subject to changes resulting from normal year-end adjustments.

    

    
      

      

      (b)          Annual Financial Statements. Buyer shall deliver to the Stockholder, within 120 calendar days after the end of each fiscal year of OpCo:

    

    
        

      (i)           an audited balance sheet as at the end of such fiscal year; and

    

    
        

      (ii)          an audited income statement and statement of cash flows for such fiscal year;

    

    
      
        3

        
          
 

      

       

    

    
      in each case for OpCo and its subsidiaries (on a consolidated basis), including any footnotes thereto, prepared in accordance with GAAP (applicable to
        non-public companies) consistently applied throughout the periods covered thereby (except as otherwise disclosed in the footnotes thereto).

      

    

    
      (c)          Other Information. Buyer will consider and respond in good faith to reasonable requests made by the Stockholder for other information related to the Stockholder’s investment in Buyer; provided, however, that Buyer shall not be required to provide any
          such information if (i) Buyer determines in good faith that such information is competitively sensitive; (ii) such information relates to the Purchase Agreement, any ancillary transaction documents related thereto or any of the transactions
          contemplated thereby or otherwise relates to any commercial relationship between the Stockholder or any of its affiliates, on the one hand, and Buyer or any of its affiliates, on the other hand; or (iii) Buyer determines in good faith that
          providing such information would reasonably be expected to (A) jeopardize an attorney-client privilege or cause a loss of attorney work product protection or (B) violate any applicable Law or Judgment or any Contract with a third party.

       

      (d)          Termination. The provisions of this Section 1.3 shall terminate upon the earlier to occur of (i) the
          consummation of a Buyer IPO and (ii) the Stockholder Disposition Event.

       

      (e)          Limitation on Other Rights. The rights of the Stockholder under this Section 1.3 are in lieu of any other
          rights to information that may be available under the Delaware Act (including pursuant to Section 18-305 of the Delaware Act) or common law in its capacity as a member of Buyer, to the extent applicable.

    

    
       

      ARTICLE II

       

    

    
      Transfers;

            Tag-Along; Drag-Along; Put Right 

      2.1          Transfer Restrictions.

    

    
      

       

      

      (a)          Other than Permitted Transfers, subject to Sections 2.1(c) and 2.1(d), the Stockholder shall not, directly or
          indirectly, Transfer any Buyer Common Shares until the date following the later of (i) consummation of the Buyer IPO and (ii) the last day of any lock-up period agreed to by the Stockholder in connection with such Buyer IPO (such later date, the
          “Restricted Period Termination Date”).

       

      (b)          “Permitted Transfers” means, in each case so long as such Transfer is in accordance with applicable Laws and Judgments and the provisions of Buyer’s Organizational Documents:

    

    
      

      

      (i)            a Transfer of Buyer Common Shares to a Permitted Transferee, so long as such Permitted Transferee, to the extent it has not already done so, executes a customary joinder to this
        Agreement, in form and substance reasonably acceptable to Buyer, in which such Transferee makes customary representations and warranties and agrees to be subject to all covenants and agreements of the Stockholder under this Agreement; provided that if at any time the Transferee ceases to be an affiliate of such Transferor, such Transferee shall, and such Transferor shall procure that such
        Transferee shall, immediately Transfer back the Transferred Buyer Common Shares to such Transferor as if such Transfer had not taken place ab initio, and Buyer shall no longer, and
        shall instruct its transfer agent and other third parties to no longer, record or recognize such Transfer on the share register of Buyer;

    

    
      

      

      
        4

        
          
 

      

       

       (ii)         the application of (A) Section

            2.02(c) of the Purchase Agreement or (B) Section 9.09 of the Purchase Agreement;

       

       (iii)        a Transfer of Buyer Common Shares pursuant to Section 2.2(a); and

    

    
       

       (iv)         any other Transfer of Buyer Common Shares with Buyer’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed.

    

    
      

      

      (c)           If, as of the date following the first
          anniversary of this Agreement, (i) Buyer has not consummated a Buyer IPO and (ii) the Stockholder Disposition Event has not occurred prior to such date, then the Stockholder shall have the right (on behalf of itself and the Permitted Transferees)
          to deliver, on one occasion, a written notice to Buyer on or prior to the date that is five (5) business days after the first anniversary of this Agreement (such notice, a “Third Party Transfer Election”), electing to terminate the restrictions on Transfer set forth in Section 2.1(a) for a period of 90
          days following the delivery of such Third Party Transfer Election and to require Buyer to, for such 90 day period, use commercially reasonable efforts to provide such assistance as is reasonably requested by the Stockholder (on behalf of itself
          and the Permitted Transferees) in connection with any proposed Transfer by the Stockholder or any Permitted Transferee of Buyer Common Shares then held by the Stockholder or such Permitted Transferee to any proposed Transferee, including
          reasonably cooperating with the due diligence of the proposed Transferee by making available to such proposed Transferee (subject to customary confidentiality obligations by such proposed Transferee) (A) the financial statements referred to in Sections 1.3(a) and 1.3(b) and (B) such other customary due diligence
          information reasonably requested by the Stockholder (on behalf of itself and the applicable Permitted Transferees) or such proposed Transferee.

       

      (d)           If, as of any of (i) the Release Date, (ii)
          each date contemplated in Section 9.08(b) of the Purchase Agreement or (iii) the Supplemental Approval Trigger Date (each such date, a “Third Party Transfer Trigger Date”), (A) Buyer has not consummated a Buyer IPO and (B) the Stockholder Disposition Event has not occurred prior to such date,
          then the Stockholder shall have the right (on behalf of itself and the Permitted Transferees) to deliver, on one occasion in respect of each Third Party Transfer Trigger
            Date, a Third Party Transfer Election to Buyer on or prior to the date that is five (5) business days after any such Third Party Transfer Trigger Date, electing to terminate the restrictions on Transfer set forth in Section 2.1(a) for a period of 90 days following the delivery of such Third Party Transfer Election and to require Buyer to, for such 90 day period, use commercially reasonable
            efforts to provide such assistance as is reasonably requested by the Stockholder (on behalf of itself and the Permitted Transferees) in connection with any proposed Transfer by the Stockholder or any Permitted Transferee of Buyer Common Shares
            then held by the Stockholder or such Permitted Transferee to any proposed Transferee, including reasonably cooperating with the due diligence of the proposed Transferee by making available to such proposed Transferee (subject to customary
            confidentiality obligations by such proposed Transferee) (x) the financial statements referred to in Sections 1.3(a) and 1.3(b) and (y) such other customary due diligence information reasonably requested by the Stockholder (on behalf of itself and the applicable Permitted Transferees) or such proposed
            Transferee. 

    

     

    
      5

      
        
 

    

     

    
      (e)          Notwithstanding anything to the contrary
          contained herein, including the occurrence of the Restricted Period Termination Date or any Third Party Transfer Election, the Stockholder shall not, directly or indirectly, Transfer any Buyer Common Shares other than in accordance with
          applicable Law and Judgment and Buyer’s Organizational Documents. Until the consummation of a Buyer IPO, Buyer shall not, and shall cause its members not to, amend or otherwise modify its Organizational Documents in any manner that would result
          in any restrictions on Transfer therein becoming more restrictive than any restrictions on Transfer set forth in Buyer’s Organizational Documents as of the date of the Purchase Agreement.

       

      (f)          Any Transfer or attempted Transfer of Buyer
          Common Shares in violation of this Section 2.1 shall, to the fullest extent permitted by applicable Law and Judgment, be null and void ab initio, and Buyer shall not, and shall instruct its transfer agent and other third parties not to, record or recognize any such purported transaction on
          the share register or other books and records of Buyer. Any share certificate or other instrument evidencing the Buyer Common Shares issued to the Stockholder on the Closing Date shall bear a legend detailing the restrictions on transfer set
          forth in this Agreement.

    

    
      

      

      2.2           Tag Along; Drag Along; Put Right.

    

    
      

      

      (a)           Tag Along Rights.
        Notwithstanding anything in Section 2.1 to the contrary, if any Fortress Stockholder or group of Fortress Stockholders proposes to effect a Change of Control
        Sale prior to the consummation of the Buyer IPO, the Stockholder may, at its option, elect to exercise its rights under this Section 2.2(a).

    

    
      

      

      (i)           In the event of a proposed Change of Control Sale, Buyer shall deliver to the
        Stockholder: (A) a written notice of the terms and conditions of such Change of Control Sale (a “Change of Control Notice”) and offer the Stockholder (and any
        Permitted Transferee that then owns any Buyer Common Shares) the opportunity to participate in such Change of Control Sale on the same terms and conditions, subject to the same agreements and for the same consideration, as the applicable Fortress
        Stockholders participating in such Change of Control Sale and (B) the purchase agreement (or similar instrument of transfer), including all attachments and schedules, that is the subject of such Change of Control Sale.

    

    
      
        6

        
          
 

      

       

      (ii)           From the date of the delivery of all of the information described in Section 2.2(a)(i), until the date that is 10 business days thereafter (the “Tag Along Election Period”),

        the Stockholder (and any Permitted Transferee that then owns any Buyer Common Shares) shall have the right, exercisable by written notice delivered by the Stockholder (such participating Stockholder and such other participating Permitted
        Transferees that then own any Buyer Common Shares, a “Tag Along Stockholder”) to Buyer within such Tag Along Election Period, to request that the applicable
        Fortress Stockholders include in the Change of Control Sale the number of Buyer Common Shares as is specified in such notice; provided, however, that
        if the aggregate number of Buyer Common Shares proposed to be Transferred by the applicable Fortress Stockholders, the Tag Along Stockholders and any other holder of Buyer Common Shares in the Change of Control Sale exceeds the number of Buyer
        Common Shares that can be Transferred on the terms and conditions set forth in the Change of Control Notice, then only the Tag Along Portion of Buyer Common Shares held by the applicable Fortress Stockholders and the Tag Along Stockholders shall be
        Transferred pursuant to the applicable Change of Control Sale. All out-of-pocket costs and expenses incurred by the Tag Along Stockholders in connection with a Change of Control Sale described in this Section 2.2(a) shall be paid by the Tag Along Stockholders. In connection with any Change of Control Sale described in this Section 2.2(a), the closing of the Transfer of Buyer Common Shares held by the applicable Fortress Stockholders and the closing of the Transfer of Buyer Common Shares held by each Tag Along Stockholder shall each occur on the
        same date.

    

    
      

      

       

      (iii)           Notwithstanding the foregoing, the Fortress Stockholders may at any time prior to consummation of a
        Change of Control Sale described in this Section 2.2(a) terminate the proposed Transfer and the related tag along rights of any Tag Along Stockholder with
        respect to such proposed Transfer. Buyer shall cause the Fortress Stockholders to comply with the provisions of this Section 2.2(a).

    

    
       

      (b)           Drag Along. Notwithstanding
        anything in Section 2.1 to the contrary, if Buyer or any Fortress Stockholder or group of Fortress Stockholders proposes to effect a Change of Control Sale
        prior to the consummation of a Buyer IPO, Buyer or such Fortress Stockholders may, at their option, require the Stockholder (and any Permitted Transferee that then owns any Buyer Common Shares) to Transfer in such Change of Control Sale all of the
        Buyer Common Shares then owned by the Stockholder (and such other Permitted Transferees that then own any Buyer Common Shares) (collectively, the “Drag Along
            Stockholders”) on the same terms and conditions, subject to the same agreements and for the same consideration, as the applicable Fortress Stockholders participating in such Change of Control Sale, pursuant to the terms of this Section 2.2(b).

    

    
       

      
        7

        
          
 

      

       

       (i)           In the event Buyer or any Fortress Stockholders elect to exercise their rights pursuant to this Section 2.2(b), Buyer shall provide to the Stockholder a Change of Control Notice not later than the 10th business day prior to the closing of the proposed Change
        of Control Sale.

    

    
       

      (ii)           Upon receipt of a Change of Control Notice, the Drag Along Stockholders shall be required to
        participate in the Change of Control Sale, on the terms and conditions set forth in the Change of Control Notice (subject to this Section 2.2(b)(ii) and Section 2.2(b)(iii)) and, if any such Change of Control Sale involves a merger, consolidation or sale of all or substantially all assets of Buyer and its
        subsidiaries, the Drag Along Stockholders shall be required to vote in favor of or consent in writing to such merger, consolidation or sale of all or substantially all assets (and, without limiting the foregoing, each Drag Along Stockholder shall
        (to the extent applicable) waive any dissenters’ rights, appraisal rights or similar rights in connection therewith). In connection with the foregoing, each Drag Along Stockholder shall be required to join and become a party to each agreement that
        is approved by Buyer or any Fortress Stockholder or group of Fortress Stockholders, as applicable (or to which any Fortress Stockholder is a party), in connection with a Change of Control Sale, including any such agreement that provides for
        representations and warranties, indemnification obligations (including escrows, hold backs or other similar arrangements to support such indemnification obligations), releases, covenants or other obligations, in each case, of the holders of Buyer
        Common Shares party thereto; provided that (x) except in the case of the following clause (y), the indemnification obligations of each Drag Along Stockholder
        in connection with a Change of Control Sale shall be the same as those made by the Fortress Stockholders and apportioned based on such Drag Along Stockholder’s pro rata portion of the aggregate consideration received by the holders of Buyer Common
        Shares in such transaction, (y) with respect to breaches of Fundamental Representations made by any Drag Along Stockholder in connection with a Change of Control Sale, such Drag Along Stockholder shall be solely liable, and (z) the aggregate amount
        of liability for any Drag Along Stockholder shall not in any case exceed the total consideration received by such Drag Along Stockholder in the Change of Control Sale. The Stockholder (i) hereby appoints Buyer or any designee thereof as its
        representative in connection with any agreement contemplated by this Section 2.2(b) (including the right to resolve any potential indemnification claims or
        other disputes on behalf of the Fortress Stockholders and the Drag Along Stockholders) and (ii) hereby irrevocably grants to, and appoints, Buyer or any designee thereof, as the Stockholder’s proxy and attorney in fact (with full power of
        substitution), for and in the name, place and stead of each Drag Along Stockholder, to vote the Buyer Common Shares held by each Drag Along Stockholder, or to grant a consent or approval in respect of such Buyer Common Shares, in connection with
        any meeting of Buyer or any action by written consent in lieu of a meeting of Buyer with respect to a Change of Control Sale. The Stockholder hereby affirms that such irrevocable proxy is given to secure the performance of the duties of the
        Stockholder under this Agreement, and is coupled with an interest and irrevocable. All out of pocket costs and expenses incurred by any Drag Along Stockholder in connection with a Change of Control Sale described in this Section 2.2(b) shall be paid by such Drag Along Stockholder. In connection with any Change of Control Sale described in this Section 2.2(b), the closing of the Transfer of Buyer Common Shares held by the applicable Fortress Stockholders and the closing of the Transfer of Buyer Common Shares held by each Drag Along Stockholder shall
        each occur on the same date.

    

    
       

      
        8

        
          
 

      

       

      (iii)           Notwithstanding the foregoing, Buyer and the applicable Fortress Stockholders may at any time prior
        to consummation of a Change of Control Sale described in this Section 2.2(b) terminate the proposed Transfer and any concomitant drag along obligations of
        any Drag Along Stockholders with respect to such proposed Transfer.

    

    
      

      

      (c)           Put Right.

    

    
        

      (i)           If, as of the date that is 90 days after the date on which the Stockholder delivers a Third Party
        Transfer Election pursuant to Sections 2.1(c) or 2.1(d) (any such
        date, a “Put Trigger Date”), (A) Buyer has not consummated a Buyer IPO and (B) the Stockholder or any Permitted Transferee continue to hold Buyer Common
        Shares, then the Stockholder shall have the right (on behalf of itself and the Permitted Transferees) to deliver, on one occasion in respect of each Put Trigger Date, a written notice to Buyer on or prior to the date that is 30 days after any such
        Put Trigger Date, electing to require Buyer to purchase all the Buyer Common Shares then held by the Stockholder or any Permitted Transferee within 90 days of delivery of the written notice to Buyer of such election (any such date, a “Put Closing Date”), at a price per Buyer Common Share equal to the Buyer Common Share Value (this amount, the “Put Amount”). The Stockholder and each Permitted Transferee, as applicable, shall execute and deliver to Buyer customary share transfer documentation reasonably requested by Buyer in connection with any
        Transfer of Buyer Common Shares contemplated by this Section 2.2(c) and, without limiting the foregoing, the Stockholder and each such Permitted Transferee
        shall be required to make Fundamental Representations to Buyer in the definitive share transfer documentation related to any such Transfer.

    

    
       

      
        9

        
          
 

      

       

    

  

   

  
    
       

    

    
      
         (ii)           Notwithstanding anything herein to the contrary, if, following the Closing and prior to the applicable Put Closing Date, there has been a material and sustained
          disruption of, or material and sustained adverse change in, conditions in the financial, banking or capital markets that, in Buyer’s reasonable judgment, would materially impair Buyer’s ability to obtain the financing necessary to pay the Put
          Amount to the Stockholder or any Permitted Transferee, as applicable, on commercially reasonable terms, then Buyer may, upon delivery of written notice to the Stockholder and such Permitted Transferees, extend such Put Closing Date until such
          time at which such financing becomes available on commercially reasonable terms (this time period, the “Put Closing Extension Period”). Buyer shall use reasonable best efforts to obtain this financing at the earliest reasonable
          opportunity. During any Put Closing Extension Period, interest on the Put Amount will accrue at a rate of four percent (4.0%) per annum; provided that under no circumstances will such interest rate be less than the short-term Applicable
          Federal Rate, as defined in Section 1274(d) of the Internal Revenue Code (the “AFR”), and Buyer and the Stockholder shall periodically review this interest rate (and no less than annually) until the Put Amount is fully paid to ensure this
          interest rate continues to exceed the AFR. Buyer’s internal records of applicable interest rates will be determinative in the absence of manifest error.

        

      

      
         

        (d)           Notwithstanding anything in this Agreement to the contrary, this Section
            2.2 shall terminate immediately upon the consummation of a Buyer IPO.

        

      

      
         

        ARTICLE III

        

      

      
         

        Definitions

        

      

      
         

        3.1           Defined Terms. Terms that are not otherwise defined in this Agreement shall have the
          meaning ascribed to them in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:

        

      

      
         

        “AFR” has the meaning set forth in Section 2.2(c)(ii).

         

        “Agreement” has the meaning set forth in the preamble.

        

      

      
         

        “Beneficially Own” or “Beneficial Ownership” has the meaning assigned to such term in Rule 13d-3 under the Securities
          Exchange Act of 1934, as amended, and a person’s beneficial ownership of securities shall be calculated in accordance with the provisions of such Rule (in each case, irrespective of whether or not such Rule is actually applicable in such
          circumstance).

         

        “Board” means Buyer’s board of directors, board of managers or other governing body (as applicable).       

        

      

      
         

        
          10

          
            
 

        

         

        “Buyer” has the meaning set forth in the preamble.

         

        “Change of Control Notice” has the meaning set forth in Section 2.2(a).

        

      

      
         

        “Change of Control Sale” means any transaction or series of related transactions in which any Fortress
          Stockholder or group of Fortress Stockholders proposes to Transfer (whether by merger, consolidation or sale or other Transfer of Buyer Common Shares or otherwise) 50% or more of the then outstanding Buyer Common Shares to any person (other than
          another Fortress Stockholder or other affiliate of Holdings).

        

      

      
         

        “Delaware Act” means the Delaware Limited Liability Company Act (6 Del. C. Section 18-101, et seq.),

          as amended from time to time.

        

      

      
         

        “Drag Along Stockholder” has the meaning set forth in Section 2.2(b).

         

        “Fortress” means [●].2

         

      

      
        “Fortress Stockholder” means Holdings and any affiliate of Fortress (other than Buyer and its subsidiaries) that Beneficially Owns Buyer Common Shares at any time.

        

      

      
         

        “Fundamental Representations” means certain customary “fundamental representations” to be made by the holders of Buyer Common
          Shares in connection with a Change of Control Sale or a Transfer to Buyer as contemplated by Section 2.2(c), as applicable, including representations with respect to ownership and authority to Transfer, free of liens, claims and
          encumbrances, the Buyer Common Shares proposed to be Transferred by such holder of Buyer Common Shares, no conflicts and absence of approvals with respect to the Buyer Common Shares proposed to be Transferred by such holder of Buyer Common
          Shares, the due authorization, execution, delivery and enforceability of the definitive documents entered into by such holder of Buyer Common Shares in connection with such Transfer, no brokers and compliance with applicable Laws and Judgments.

        

      

      
         

        “Governance and Nominating Committee” has the meaning set forth in Section
            1.1(c).

        

      

      
         

        “Holdings” means AAF Holdings LLC, a Delaware limited liability company.

         

        “OpCo” means Brightline Trains LLC.

        

      

      
         

        “Permitted Transferee” means each of DX, LLC, Transmax LLC, TXE II, LLC, Rogich Communications Group, Inc. and any affiliate
          of the foregoing.

        

      

      
         

        “Permitted Transfers” has the meaning set forth in Section 2.1(b). 

         

        
          
 

        2 Note to Draft: To reference applicable Fortress fund that
          controls Buyer.

        
          11

          
            
 

        

      

      
         

      

      
        “Purchase Agreement” has the meaning set forth in the recitals.

         

        “Put Amount” has the meaning set forth in Section 2.2(c)(i).

         

        “Put Closing Date” has the meaning set forth in Section 2.2(c)(i).

         

        “Put Closing Extension Period” has the meaning set forth in Section 2.2(c)(ii).

         

        “Put Trigger Date” has the meaning set forth in Section 2.2(c)(i).

         

        “Restricted Period Termination Date” has the meaning set forth in Section 2.1(a).

         

        “Stockholder” has the meaning set forth in the preamble.

        

      

      
         

        “Stockholder Designee” means an individual designated in writing by the Stockholder
          for nomination for election or for appointment to the Board.

        

      

      
         

        “Stockholder Director” means a Stockholder Designee who has been elected or appointed to the Board.

        

      

      
         

        “Stockholder Disposition Event” means the date upon which the Stockholder and its Permitted Transferees cease to collectively
          hold a number of Buyer Common Shares in excess of 35% of the aggregate number of Buyer Common Shares previously issued and delivered to the Stockholder pursuant to Sections 2.01, 2.02 and 2.04 of the Purchase Agreement; provided
          that (i) the Buyer Common Share Repurchase Amount shall be disregarded for purposes of this definition from and after the Buyer Common Share Repurchase Closing Date and (ii) a previously occurring Stockholder Disposition Event will be deemed not
          to have occurred for purposes of Article II of this Agreement if, as a result of an issuance of Buyer Common Shares to the Stockholder pursuant to Section 2.02 or 2.04 of the Purchase Agreement, the Stockholder and its
          Permitted Transferees collectively hold a number of Buyer Common Shares in excess of 35% of the aggregate number of Buyer Common Shares previously issued and delivered to the Stockholder pursuant to Sections 2.01, 2.02 and 2.04
          of the Purchase Agreement.

        

      

      
         

        “Stockholder Investor Rights Initiation Event” means the date upon which the Buyer IPO is consummated; provided that
          the Stockholder Investor Rights Initiation Event will be deemed not to have occurred if the Stockholder has Transferred any Buyer Common Shares (other than a Permitted Transfer) prior to such date.

        

      

      
         

        “Stockholder Investor Rights Period” means the period beginning on the occurrence of the Stockholder
          Investor Rights Initiation Event and ending upon the earlier to occur of (i) a Stockholder Investor Rights Termination Event or (ii) the date immediately following the conclusion of the second annual stockholder meeting of Buyer following a Buyer
          IPO.

        

      

       

      
        12

        
          
 

      

       

      
        “Stockholder Investor Rights Termination Event” shall be deemed to occur, as of the end of any business day following the occurrence of the Stockholder Investor Rights Initiation Event,
          upon the earlier of (i) the Stockholder Disposition Event or (ii) a material breach of this Agreement by the Stockholder or any Permitted Transferee, if such material breach has not been or is incapable of being cured within five (5) days after
          the receipt by the Stockholder or Permitted Transferee (as applicable) of written notice thereof.

        

      

      
         

        “Stockholder Specified Designee” has the meaning set forth in Section 1.1(d).

        

      

      
         

        “Supplemental Approval Trigger Date” means the Supplemental Approval Closing Date; provided that such date is more than twelve
          months following the date of this Agreement.

         

        “Tag Along Portion” means, with respect to any person, the product of: (i) the aggregate number of Buyer Common Shares
          proposed to be Transferred in a Change of Control Sale contemplated pursuant to Section 2.2(a), multiplied by (ii) a fraction, the numerator of which is the number of Buyer Common Shares held by such person and the denominator of which is
          the aggregate number of Buyer Common Shares then held by the Fortress Stockholders, the Tag Along Stockholders and any other holders of Buyer Common Shares, in each case participating in such Change of Control Sale.

        

      

      
         

        “Tag Along Stockholder” has the meaning set forth in Section 2.2(a)(ii).

        

      

      
         

        “Tharaldson Land Purchase Agreement” means the Real Estate Purchase and Sale Agreement by and among Tharaldson Ethanol Plant I,
          LLC, TMII South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc., C.Y. Heritage Inn of Dayton, Inc., and 4424 Polaris Avenue, LLC, collectively as seller, and Buyer, as purchaser, dated as of September 17, 2018.

        

      

      
         

        “Third Party Transfer Election” has the meaning set forth in Section 2.1(c).

         

        “Third Party Transfer Trigger Date” has the meaning set forth in Section 2.1(d).

        

      

      
         

        “Transfer” means (i) any direct or indirect offer, sale, lease, assignment, encumbrance, pledge, grant of a security
          interest, hypothecation, disposition or other transfer (by operation of Law or otherwise), either voluntary or involuntary, or entry into any contract, option or other arrangement or understanding with respect to any offer, sale, lease,
          assignment, encumbrance, pledge, hypothecation, disposition or other transfer (by operation of Law or otherwise), of any capital stock or interest in any capital stock or (ii) in respect of any capital stock or interest in any capital
          stock, the entry into any swap or any other agreement, transaction or series of transactions that hedges or transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of such capital stock or interest in capital
          stock, whether any such swap, agreement, transaction or series of transactions is to be settled by delivery of securities, in cash or otherwise. “Transferor” means a person that Transfers or proposes to Transfer; and “Transferee”
          means a person to whom a Transfer is made or is proposed to be made. 

        
          13

          
            
 

        

      

       

      

      
        3.2           Interpretation. The descriptive headings of the several Articles and Sections of this Agreement and the Table of
          Contents to this Agreement are inserted for convenience only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. All references herein to “Articles” or “Sections” shall be
          deemed to be references to Articles or Sections hereof unless otherwise indicated. For all purposes hereof, the terms “include”, “includes” and “including” shall be deemed to be followed by the words “without limitation”. The words “hereof”,
          “hereto”, “hereby”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “will” shall be construed to have the
          same meaning as the word “shall”. The word “or” is not exclusive. The word “extent” in the phrase “to the extent” means the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”. The phrase “date hereof” or
          “date of this Agreement” shall be deemed to refer to [●]. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as the feminine and neuter genders of such
          terms. Any applicable Law defined or referred to herein means such applicable Law as from time to time amended, modified or supplemented. Any reference to any statute herein shall also be deemed to refer to all rules and regulations promulgated
          thereunder. References to a person are also to its successors and permitted assigns. With respect to Buyer Common Shares, such term shall include any shares of Buyer Common Shares or other securities of Buyer received by the Stockholder or any
          Permitted Transferee as a result of any stock split, stock dividend or distribution, or other subdivision, reorganization, reclassification or similar capital transaction.

        

        
          
             

            ARTICLE IV

            

          

          
             

            Miscellaneous

            

          

          
             

            4.1          Term. This Agreement shall be effective as of the date hereof and shall automatically
              terminate upon a Stockholder Investor Rights Termination Event. If this Agreement is terminated pursuant to this Section 4.1, this Agreement shall become void and of no further force and effect, except for the provisions set forth in
              Section 1.2, Section 3.2 and this Article IV.

            

          

          
             

            
              14

              
                
 

            

             

            4.2          Notices. All notices, requests, permissions, waivers and other communications hereunder shall be in writing
              and shall be deemed to have been duly given (a) three business days following sending by registered or certified mail, postage prepaid, (b) when sent, if sent by email (with written confirmation of receipt), (c) when delivered, if delivered
              personally to the intended recipient, and (d) one business day following sending by overnight delivery via a national courier service and, in each case, addressed to a party at the following address for such party: 

            

            
               

              if to Buyer,

               

              Florida East Coast Industries 

              161 NE 6th Street, Suite 900 

              Miami, FL 33136

              Attention:         Patrick Goddard 

              Email:               Patrick.Goddard@feci.com

               

              Florida East Coast Industries 

              117 NE 1st Ave., 11th Floor 

              Miami, FL 33132

              Attention:         Kolleen Cobb

              Email:               Kolleen.Cobb@feci.com 

               

              with a copy to: 

               

              Cravath, Swaine & Moore LLP

              Worldwide Plaza 

              825 Eighth Avenue 

              New York, NY 10019-7475

              Attention:         Damien R. Zoubek, Esq.

              O. Keith Hallam, III, Esq.

              Email:               dzoubek@cravath.com

              khallam@cravath.com

               

              if to Holdings,

               

              Fortress Investment Group 

              1345 Avenue of the Americas 

              New York, NY 10105

              Attention:         Ken Nicholson

              Email:               knicholson@fortress.com 

               

              with a copy to: 

               

              Cravath, Swaine & Moore LLP

              Worldwide Plaza

               825 Eighth Avenue

               New York, NY 10019-7475

              Attention:         Damien R. Zoubek, Esq.

              
                O. Keith Hallam, III, Esq.

                Email:               dzoubek@cravath.com 

                khallam@cravath.com

                 

                
                  15

                  
                    
 

                

              

            

          

        

      

       

      
        
          if to the Stockholder,

           

          Marnell Companies 

          222 Via Marnell Way

          Las Vegas, Nevada 89119

          Attention:         Anthony A. Marnell II

          Email:               tmarnell2@marnellcompanies.com 

           

          with a copy to:

           

          Holland & Hart LLP 

          9555 Hillwood Drive 

          2nd Floor 

          Las Vegas, NV 89134

          Attention:          Gregory Gilbert, Esq.           

          Email:                GSGilbert@hollandhart.com

          

           

          

          
            or to such other address(es) as shall be furnished in writing by any such party to the other parties in accordance with the provisions of this Section 4.2.

            

          

        

         

        4.3          Amendment. Subject to Section 4.14, this Agreement may be amended, modified, superseded or canceled only
          by an instrument in writing signed by the Stockholder and Buyer and any of the provisions hereof may be waived only by an instrument in writing signed by or on behalf of the party waiving compliance.

         

        4.4          Assignment. Neither this Agreement nor any of the rights or obligations of the parties hereunder may be assigned
          by any of the parties (including by operation of Law or otherwise) without the prior written consent of the other party; provided that (a) the Stockholder may assign its rights and obligations under this Agreement in connection with a
          Transfer to a Permitted Transferee made in compliance with the terms of this Agreement (it being understood, however, that in the event of any Transfer other than pursuant to Section 2.1(b)(i), such Transferee in such Transfer shall not
          be entitled to any of the benefits of this Agreement) and (b) the Stockholder may assign its rights and obligations set forth in Section 4.14 as the designated representative of any and all of the Permitted Transferee to DX, LLC without
          the prior written consent of Buyer (provided that the Stockholder shall give Buyer prior written notice of any such assignment). Subject to the immediately preceding sentence, this Agreement shall be binding upon, and inure to the benefit of and
          be enforceable by, the parties and their respective successors and permitted assigns. Any attempted assignment in violation of this Section 4.4 shall be void.

      

      
        

        

        
          16

          
            
 

        

         

        4.5          Severability. The invalidity, illegality or unenforceability of any portion of this Agreement shall not affect the
          validity, force or effect of the remaining portions of this Agreement. If it is ever held that any restriction hereunder is too broad to permit enforcement of such restriction to its fullest extent, each party agrees that a court of competent
          jurisdiction may enforce such restriction to the maximum extent permitted by Law, and each party hereby consents and agrees that such scope may be judicially modified accordingly in any Proceeding brought to enforce such restriction.

         

        4.6          Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and
          the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered, in person or by facsimile, or by electronic image scan, receipt acknowledged, to the other parties.

         

        4.7          Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject
          matter hereof and supersedes any previous agreements and understandings between the parties with respect to such matters. No party shall take, or cause to be taken, including by entering into agreements or other arrangements with provisions or
          obligations that conflict, or purport to conflict, with the terms of this Agreement or any of the transactions contemplated hereby, any action with either an intent or effect of impairing any such other person’s rights under this Agreement.

         

        4.8          Governing Law. This Agreement and disputes relating hereto (whether for breach of contract, tortious conduct or
          otherwise) shall be governed and construed in accordance with the Laws of the State of Delaware, without reference to its conflicts of law principles.

         

        4.9          Jurisdiction. Each party (a) submits to the personal jurisdiction of the Delaware Court of Chancery in and for New
          Castle County, or in the event (but only in the event) that such Delaware Court of Chancery does not have subject matter jurisdiction over such dispute, the United States District Court for the District of Delaware, or in the event (but only in
          the event) that such United States District Court also does not have jurisdiction over such dispute, any Delaware State court sitting in New Castle County, in the event any dispute (whether in contract, tort or otherwise) arises out of this
          Agreement or the transactions contemplated hereby, (b) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court and (c) agrees that it shall not bring any claim, action
          or proceeding relating to this Agreement or the transactions contemplated hereby in any court other than the Delaware Court of Chancery in and for New Castle County, or in the event (but only in the event) that such Delaware Court of Chancery
          does not have subject matter jurisdiction over such claim, action or proceeding, the United States District Court for the District of Delaware, or in the event (but only in the event) that such United States District Court also does not have
          jurisdiction over such claim, action or proceeding, any Delaware State court sitting in New Castle County.

      

      
        
          17

          
            
 

        

         

        4.10          Service of Process. Each party agrees that service of any process, summons, notice or document by U.S.
          registered mail to such party’s respective address set forth in Section 4.2 shall be effective service of process for any Proceeding with respect to any matters for which it has submitted to jurisdiction pursuant to Section 4.9.

         

        4.11          Waiver of Jury Trial. Each party hereby waives, to the fullest extent permitted by applicable Law and Judgment,
          any right it may have to a trial by jury in respect of any Proceeding arising out of or in connection with this Agreement or the transactions contemplated hereby or disputes relating hereto (whether for breach of contract, tortious conduct or
          otherwise). Each party (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 any Proceeding, seek to enforce the foregoing waiver and
          (b) acknowledges that it and the other parties have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 4.11.

         

        4.12          Enforcement. The parties agree that irreparable damage would occur and that the parties would not have any
          adequate remedy at Law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to seek an
          injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the provisions of this Agreement in the courts referred to in Section 4.9, this being in addition to any other remedy to which the parties are
          entitled at Law or in equity.

         

        4.13          Third Party Beneficiaries. Nothing contained in this Agreement, expressed or implied, is intended to confer upon
          any person other than the parties hereto any benefits, rights, or remedies.

        

      

      
         

        4.14          Permitted Transferee Representative. The parties hereto acknowledge and agree that the
          Stockholder shall be the designated representative of any and all Permitted Transferees with full authority to make all representations and warranties and agree to all covenants on behalf of and in the name of the Permitted Transferees, and to
          make all decisions and determinations, and to take all actions (including giving consents and waivers or agreeing to any amendments to this Agreement or to the termination hereof) required or permitted hereunder on behalf of the Permitted
          Transferees, and any such action, decision or determination so made or taken shall be deemed the action, decision or determination of each such Permitted Transferee, and any notice, document, certificate or information required to be given,
          whether in writing or otherwise, to any Permitted Transferee shall be deemed so given if given to the Stockholder and Buyer shall be fully protected against liability in relying on the actions of the Stockholder as being authorized by the
          Permitted Transferees. The Stockholder shall ensure the due, prompt and faithful performance and discharge by, and compliance with, all of the obligations, covenants, terms, conditions and undertakings of the Permitted Transferees under this
          Agreement in accordance with the terms hereof.

      

      
        

        

        
          18

          
            
 

        

         

        4.15          Confidentiality. The Stockholder shall, and shall use reasonable best efforts to cause its affiliates, officers,
          directors, employees, agents and representatives to, keep confidential and not disclose to any other person, or use for their own benefit or the benefit of any other person, any information regarding Buyer or any of its affiliates obtained
          pursuant to this Agreement or in its capacity as an equityholder of Buyer or the terms of this Agreement. The obligations of the Stockholder under this Section 4.15 shall not apply to information which: (i) is or becomes generally
          available to the public without breach of obligations under this Section 4.15 or (ii) is required in the opinion of legal counsel to the Stockholder to be disclosed by applicable Law or any Judgment; provided, however,
          that in any such case, the Stockholder must notify Buyer in writing as early as practicable prior to disclosure to allow Buyer to take appropriate measures to preserve the confidentiality of such information (and, if requested by Buyer, the
          Stockholder shall reasonably cooperate, at Buyer’s expense, with any such effort by Buyer to preserve the confidentiality of such information).

         

        4.16          Cooperation. If Buyer has not consummated a Buyer IPO on or prior to the Closing Date, the Stockholder and each
          Permitted Transferee that then holds any Buyer Common Shares shall use commercially reasonable efforts to cooperate with any action reasonably requested by Buyer from and after the Closing to effect a Buyer IPO (including any corporate
          reorganization of Buyer or any of its subsidiaries or other reasonable activities, the expenses of which are reimbursed by Buyer).

      

      
         

        [The remainder of this page left intentionally blank.]

      

      
        
          19

          
            
 

        

         

        IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers of the parties as of the date
          first herein above written.

         

        
          	 	
                  BRIGHTLINE HOLDINGS LLC

                
	 	 	 
	 	
                  By:

                	 
	 	 	
                  Name:

                
	 	 	
                  Title:

                
	 	 	 
	 	
                  BENNY’S HOLDCO, LLC

                
	 	 
	 	
                  By:

                	
                  DX, LLC

                
	 	 	 
	 	
                  Its:

                	
                  Manager

                
	 	 	 
	 	
                  By:

                	 
	 	 	
                  Name:

                
	 	 	
                  Title:

                

        

      

      
         

        [Signature Page to Stockholder Agreement]Exhibit 10.77

  

   

    Execution Version

  

  
    
       

      

      REAL ESTATE PURCHASE AND SALE AGREEMENT

    

    CITYVIEW PROPERTY, CLARK COUNTY, NEVADA

     

    By and Among

     

    
      THARALDSON ETHANOL PLANT I, LLC, TMII SOUTH TECH, LLC, C.Y.

      & R.I. HERITAGE INN OF PALMDALE, INC., C.Y. HERITAGE INN OF

      DAYTON, INC., and 4424 POLARIS AVENUE, LLC

    

    
       

      and

       

      BRIGHTLINE HOLDINGS, LLC.

      

      

      
        
          
 

      

      

    
      
         

        REAL ESTATE PURCHASE AND SALE AGREEMENT

        

      

    

    CITYVIEW PROPERTY, CLARK COUNTY, NEVADA

     

    This REAL ESTATE PURCHASE AND SALE AGREEMENT (“Purchase Agreement”) dated as of September 17, 2018 (the “Effective Date”), is by and among Tharaldson Ethanol Plant I, LLC, a Nevada limited liability company (“TEP”), TMII South Tech, LLC, a Nevada
      limited liability company (“TMII”), C.Y. & R.I. Heritage Inn of Palmdale, Inc., a
      Nevada corporation (“Heritage Inn Palmdale”), C.Y. Heritage Inn of Dayton, Inc., a Nevada
      corporation (“Heritage Inn Dayton”), and 4424 Polaris Avenue, LLC, a Nevada
      limited liability company (“4424 Polaris” and, together with TEP, TMII, Heritage Inn Palmdale and Heritage Inn Dayton, the “Seller”) and Brightline Holdings, LLC., a Delaware limited liability company (“Purchaser”).

     

    RECITALS

     

    A.         TEP owns in fee those certain parcels of land located near I-15 and Flamingo Road in Clark County, Nevada bearing Clark
        County Assessor Parcel Numbers (“APNs”) 162-20-112-002, 162-20-112-003 and 162-20-214-004, which are more particularly
        described on Exhibit “1-A”
        (collectively, the “TEP Owned Land”).

     

    
      B.          Heritage Inn Palmdale, Heritage Inn Dayton and TMII, as joint tenants, own in fee those certain parcels of land located near I-15 and Flamingo Road in Clark County, Nevada bearing Clark County APNs 162-20-214-003,
          162-20-214-005 and 162-20-214-001, which are more particularly described on Exhibit “1-B” (collectively, the “Heritage Land”).

       

      C.         4424 Polaris owns in fee that certain parcel of land located near I-15 and Flamingo Road in Clark County, Nevada bearing Clark County APN 162-20-214-002, which is more particularly described on Exhibit “1-C” (the “4424 Polaris Land” and, together with the TEP Owned Land and the Heritage Land, the “Owned Land”).

       

    

    D.         TEP has a valid leasehold interest in approximately 1.1 acres of land located near I-15 and Flamingo Road in Clark County, Nevada bearing Clark County APN 162-20-112-001, which is more particularly
        described on Exhibit “1-D” (the “Leased Land” and, together with the Owned Land, the “Land”), pursuant to that certain Lease Agreement, dated as of April 5, 2000, by and between Katherine Anne Ferguson Trust, as successor in interest to The Ferguson Family Trust,
        Paul Ferguson, Trustee, as lessor (the “Lessor”), and Focus 2000 Inc., as lessee, as assigned by that certain
        Assignment, dated on or about July 12, 2001, to Marnell Properties, LLC, as successor lessee, as assigned by that certain Assignment of Lease and Termination of Sublease dated as of July 2012 to TEP (as assigned, the “Ground Lease”).

     

    E.          Seller has agreed to sell to Purchaser and Purchaser has agreed to purchase from Seller the Property (as defined herein), on the terms and subject to the conditions set forth in the Purchase Agreement.

    
      

      

      
        1

        
          
 

      

      

      

      F.           The
          parties hereto intend that, subject to the terms and conditions contained in this Purchase Agreement, Seller shall reserve all rights in the Property and all rents and revenues generated thereby until the Closing.

    

     

    AGREEMENT

     

    NOW, THEREFORE, in consideration of the foregoing Recitals, payment for other good and
      valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Purchaser and the Seller agree as follows:

     

    
      1.           Incorporation of Recitals. The Recitals set forth above are incorporated into and made a part of this Purchase Agreement.

       

      2.           Definitions. The following terms, whenever used in this Purchase Agreement, shall have only the meanings set forth below.

    

    

    

    2.1.        “Business

            Day” means a day that is not a Saturday, Sunday or legal holiday in the States of Nevada, California or Florida.

     

    2.2.        The terms “Closing”, and “Closing Date” mean the date that the parties hereto close on the
        purchase and sale of the Property. In no event shall Closing occur later than March 1, 2019; unless the outside date in the XpressWest Purchase Agreement is automatically extended until May 30, 2019, in which event the Closing shall occur no later
        than May 30, 2019 (the “Outside Date”).

     

    2.3.        “Commitment” means a standard Nevada form Commitment for Title Insurance issued by the Title Company in the
        amount of the Purchase Price, covering the Property.

     

    2.4.        “Consent” means any consent, approval, waiver, license, permit, franchise, exemption, certificate, filing, notice, concession, right, grant, administrative
        decision or finding, certification, memorandum of understanding, right-of-way, easement, encroachment, authorization or order.

     

    2.5.        “Contract” means

      any service contract, maintenance contract, operating contract, management contract, parking contract or similar agreement affecting the Land and effective as of the Effective Date, each as set forth on Exhibit 2 attached hereto, or which are executed after the Effective Date and approved in writing by Purchaser in its sole discretion.

     

    2.6.        “Disposed Share Value” means an amount in dollars equal to the product of (a) the Purchaser Common Share Value multiplied by (b) the number of Purchaser Common
      Shares received by Seller pursuant to Section 3.6(b) that are sold, disposed of or otherwise transferred by Seller from and after the Closing and through and including the IPO Date.

    
       

      
        2

        
          
 

      

        

    2.7.        “Exception Documents” means copies of all documents identified as exceptions to coverage in the Commitment.

     

    
      2.8.         “Environmental Laws” means any Law, Governmental Approval or Judgment enacted, entered, promulgated, enforced or issued by or with any Governmental Entity relating to pollution, the
          environment, the climate, natural resources, health and safety, noise,the protection of wetlands, wildlife, biota or endangered or threatened species or the
          management of waste, wastewater or storm water.

       

      2.9.          “Governmental Approvals” means all federal, state, and local, Consents, Judgments and other approvals by or agreements with any Governmental Entity necessary for Seller to own, lease, develop or
          operate the Property, including, without limitation, all such Governmental Approvals required under Environmental Laws.

       

    

    2.10.       “Governmental Entity” means any federal, state, or local, government or court of competent jurisdiction, administrative agency or commission or other governmental or
        regulatory authority, instrumentality or agency.

     

    2.11.       “Hazardous Materials” means (a) any petroleum or petroleum products, by-products, fractions,
          additives or derivatives, (b) any methane gas, natural gas, natural gas liquid, liquefied natural gas, synthetic gas usable for fuel, radioactive materials or wastes,asbestos, polychlorinated biphenyls, chlorofluorocarbons and other ozone-depleting substances and (c) any other chemical, material, substance or waste that is regulated or can form the basis in liability under any Environmental Law.

     

    2.12.       “Immediately Available
            Funds” means funds deposited by federal funds wire transfer.

     

    
      2.13.       “Inspection Period” shall mean the period commencing on the Effective Date and expiring November 30, 2018.

       

      2.14.       “Intangible Property” means, to the extent assignable, intangible property used or necessary in conjunction with the ownership, maintenance and operation of the
          Property including all licenses, permits, approvals, authorizations and other entitlements attributable to the Property, including zoning, and all books, records, reports, test results, environmental assessments and other documents and materials
          related to the Property.

       

    

    2.15.       “IPO Date” means the closing date of the Purchaser IPO.

     

    2.16.       “Judgment” means any judgment, order, writ, injunction, legally binding agreement with a Governmental Entity, stipulation or decree.

    
      

      

      
        3

        
          
 

      

    

    

    

    
      2.17.       “Law” means any statute, law, ordinance, legally-binding rule, regulation or any legally binding administrative or judicial decisions, interpretations, or policies issued by
          any Governmental Entity in connection with any of the foregoing.

       

      2.18.       “Lease” means any of Seller’s interests as lessor in the leases set forth on Exhibit 3
          attached hereto or which are executed after the Effective Date and approved in writing by Purchaser in its sole discretion.

       

    

    2.19.       “Proceeding” means any actions, complaint, threat, order, directive, citation, notice, suit, charge, hearing, proceeding, claim or counterclaim or legal,
        administrative, arbitration or other alternative dispute resolution proceeding or investigation.

     

    2.20.       “Property” means the following described real and personal property owned by the Seller: 

     

      (a)          Land, Improvements, Personal Property and Appurtenances. The Land
        together with (i) all buildings, structures and other improvements erected on or attached to the Land as of the Effective Date or hereafter located thereon (the “Improvements”); (ii) any and all furnishings, fixtures, equipment and other personal property located in, on, about, or used in connection with, the Land or the Improvements (but only to the extent such items are owned by the
        Seller, are in the Seller’s possession or control, and are transferable) (collectively, the “Personal Property”); and (iii) all easements, rights of way,
        privileges, licenses, tenements, hereditaments, appurtenances and other rights and benefits belonging to or running with the Land, or related to the Land and belonging to the Seller, including but not limited to, water rights and water service
        agreements, all adjacent streets and alleys, and any strips or gores between such real property and adjacent property (the “Appurtenances”);

     

    (b)          Leases and Contracts. All Assumed Contracts and Assigned Leases (each as defined below).

     

    (c)        Licenses and Permits. To the extent assignable, all of the Seller’s interest in any Consents, Governmental Approvals, or entitlements, including those
        obtained by Purchaser prior to the Closing (“Licenses and Permits”).

     

    (d)          Leasehold Estate. Seller’s leasehold interest in the Ground Lease.

    

    

    
      2.21.       “Purchaser Common Shares” means the limited liability company interests of Purchaser; provided that, unless context requires otherwise, if Purchaser consummates a Purchaser IPO, all references herein to Purchaser Common Shares shall be deemed to be references to Purchaser Public Shares.

       

      2.22.       “Purchaser Common Share Value” means an amount, determined as of the Closing, equal to the quotient of (a) the Purchaser Equity Valuation divided by (b) the number of Purchaser Common Shares issued and outstanding at the Closing; provided that if Purchaser consummates a Purchaser IPO at or prior to the Closing, the Purchaser Common Share Value shall be the Purchaser IPO Price.

    

    
      

      

      
        4

        
          
 

      

    

    
      

      

    

    2.23.       “Purchaser Equity Valuation” means $3,000,000,000.

     

    2.24.       “Purchaser IPO” means an initial sale by Purchaser of common shares to the public in an offering pursuant to an effective registration statement (other
        than a registration statement on Form S-4 or S-8 or any similar or successor form) filed under the Securities Act, after which such common shares are listed on one or more nationally recognized exchanges or quoted on one or more automated quotation
        systems, including the New York Stock Exchange or the Nasdaq Global Select Market.

     

    2.25.       “Purchaser IPO Price” means the initial public offering price (not reduced by any underwriter discounts, commissions or fees) of a Purchaser Public Share in the
        Purchaser IPO.

     

    2.26.       “Purchaser’s Notice Address” means:

     

    Brightline Holdings LLC

    
      c/o Florida East Coast Industries, LLC

      ATTN: Kolleen Cobb

      2855 Le Jeune Rd, 4th Floor

      Coral Gables, FL 33134

      Telephone No.:(305) 520-2344

      E-Mail: kolleen.cobb@feci.com

       

      with a copy to:

       

      Brownstein Hyatt Farber Schreck, LLP

    

    Attn: Rebecca Miltenberger

    100 North City Parkway, Suite 1600

    
       Las Vegas, NV 89106

    

    Telephone No.: (702)464-7052

    E-Mail: rmiltenberger@bhfs.com

     

    2.27.       “Purchaser Public Share” shall mean a publicly traded common share of Purchaser after a Purchaser IPO.

     

    
      5

      
        
 

    

     

    2.28.       “Seller’s Notice Address” means:

    
      

      

       c/o Tharaldson Investments

    

    
      4255 Dean Martin Drive, Suite J

      Las Vegas, NV 89103

      Attn: Don Cape

      Telephone No.: (702) 385-4988 ext. 2

    

    E-Mail: dcape@diversifiedgrp.com

     

    with a copy to:

     

    Holland & Hart LLP

    Attn: Tom L. DeVine

    555 17th Street, Suite 3200

     Denver, CO 80202

    Telephone No.: (303)295-8110

    Email: tldevine@hollandandhart.com

     

    
      2.29.       “Seller’s Actual Knowledge” means matters of which Seller’s Representative is actually aware, without undertaking any investigation or inquiry.

       

      2.30.       “Seller’s Aggregate IPO Holding” means an amount in dollars equal to the product of (x) the Purchaser IPO Price multiplied
          by (y) the number of Purchaser Public Shares held by Seller upon the closing of (and after giving effect to) a Purchaser IPO.

       

      2.31.       “Seller’s Deliverables” shall mean all plans, specifications, property condition reports, environmental assessments, geotechnical studies, soils reports, title reports, surveys, the Leases, the
          Contracts, the Ground Lease, Licenses and Permits and other information relating to the ownership and operation of the Property which Purchaser may reasonably request and which are in Seller’s possession or under Seller’s control.

       

    

    2.32.       “Seller’s Representative” shall mean Don Cape, c/o Tharaldson Investments, 4225 Dean Martin Drive, Suite J, Las Vegas, Nevada 89103.

     

    2.33.       “Share Consideration Target Value” means an amount in dollars equal to (a) $10,000,000 minus (b) the Disposed Share Value.

     

    
      2.34.       “Share Purchase Price” means a number of Purchaser Common Shares (rounded up to the nearest whole number of limited liability company interests or shares, as
          applicable) equal to the quotient of (a) $10,000,000 divided by (b) the Purchaser Common Share Value.

      
        6

        
          
 

      

       

      2.35.       “Share Purchase Price True-Up” means a number of Purchaser Public Shares (rounded up to the nearest whole number of shares) equal to the quotient of (a) (i)$10,000,000
        minus (ii) the Disposed Share Value minus (iii) Seller’s Aggregate IPO Holding divided
        by (b) the Purchaser IPO Price.

       

    

    2.36.       “Title

            Company” means First American Title Insurance Company, located at 2500 N. Buffalo Drive, Suite 100, Las Vegas, Nevada 89130.

     

    2.37.       “XpressWest

            Purchase Agreement” means that certain Membership Interest Purchase Agreement among Purchaser, DesertXpress Enterprises, LLC and
        Benny’s Holdco,LLC, dated as of September 17, 2018.

     

    3.            Purchase

          Price; Earnest Money

     

    3.1.         Purchase Price. The aggregate purchase price (the “Purchase Price”) shall be comprised of (a) $140,000,000 in Immediately Available Funds
      (the “Cash Purchase Price”), and (b) the Share Purchase Price.

     

    (a)          Purchaser IPO True-Up. If (i) Purchaser has not consummated a Purchaser IPO on or prior to the Closing but consummates a Purchaser IPO on or prior to the date
        that is twelve months after the Closing Date (the “IPO Outside Date”) and (ii) as of the IPO Date, Seller’s Aggregate IPO Holding is less than the Share
        Consideration Target Value, Purchaser shall issue and deliver to Seller promptly following the IPO Date a number of Purchaser Public Shares (rounded up to the nearest whole number of shares) in book-entry form equal to the Share Purchase Price
        True-Up.

     

    (b)          Earnest Money Deposit. Purchaser shall deliver to the Title Company not later than three (3) Business Days following the Effective Date
        the sum of $2,000,000 (together with any interest earned thereon, the “Initial Earnest Money Deposit”). Not later than twenty (20) Business Days following the Effective Date, Purchaser shall deliver to the Title Company an additional sum of
        $5,000,000 (together with any interest earned thereon, the “Additional Earnest Money Deposit” and, together with the Initial Earnest Money Deposit, the “Earnest Money Deposit”). The Earnest Money Deposit shall be held in Escrow by the Title Company in accordance with the terms of this Purchase Agreement in an
        interest-bearing account with a federally insured financial institution. The Earnest Money Deposit will be credited against the Purchase Price at Closing. The Earnest Money Deposit shall be fully refundable to Purchaser prior to the expiration of
        the Inspection Period. The Purchase Price shall be paid by Purchaser at Closing in Immediately Available Funds to the Title Company for the account of Seller. If Purchaser has not elected to terminate this Purchase Agreement prior to the expiration
        of the Inspection Period, the Earnest Money Deposit will become non-refundable, unless (i) the Closing does not occur because of the failure of any of the conditions set forth in Section 3.4(a) through (e), inclusive, or (ii) Purchaser otherwise elects to terminate this Purchase Agreement pursuant to Section 8.02,
        in which case the Earnest Money Deposit will remain fully refundable to Purchaser.

    
       

      
        7

        
          
 

        

      

    

    
       

      3.2.         Escrow.

       

    

    (a)          Title

        Company is authorized and agrees by acceptance thereof to deposit the Earnest Money Deposit as required by Section 3.1(b) above. In the event of doubt as to
        Title Company’s duties or liabilities under the provisions of this Purchase Agreement, Title Company may, in its sole discretion, continue to hold the subject matter of this Escrow until the parties mutually agree to disbursement thereof, or until
        a Judgment of a court of competent jurisdiction shall determine the rights of the parties thereto, or Title Company may deposit same with the clerk of the court having jurisdiction of the dispute, and upon notifying all parties concerned of such
        action, all liability on the part of Title Company shall fully terminate, except to the extent of accounting for any items theretofore delivered out of Escrow. In the event of any suit between Purchaser and Seller wherein Title Company is made a
        party by virtue of acting as escrow agent hereunder, or in the event of any suit wherein Title Company interpleads the subject matter of this Escrow, Title Company shall be entitled to recover reasonable attorney’s fees and costs incurred, said
        fees and costs to be charged and assessed as court costs in favor of the prevailing party. Seller and Purchaser hereby designate Title Company as the “Reporting Person” for the transaction pursuant to Section 6045(e) of the Internal Revenue Code.

     

    (b)          Promptly following mutual execution of this Purchase Agreement, Purchaser and Seller shall cause an escrow (“Escrow”) to be opened with Title Company
        (the “Opening of Escrow”) by delivery to Title Company of a fully executed copy of this Purchase Agreement. Title Company shall promptly deliver to Purchaser and Seller
        written notice of the date of the Opening of Escrow by executing the joinder attached hereto. This Purchase Agreement shall constitute escrow instructions to Title Company as well as the agreement of the parties. Title Company is hereby appointed
        and designated to act as escrow agent and instructed to deliver, pursuant to the terms of this Purchase Agreement, the documents and funds to be deposited into Escrow as herein provided. The parties hereto shall execute such additional escrow
        instructions (not inconsistent with this Purchase Agreement as determined by counsel for Purchaser and Seller) as Title Company shall deem reasonably necessary. In the event of any inconsistency between the provisions of this Purchase Agreement and
        such additional escrow instructions, the provisions of this Purchase Agreement shall govern.

     

    3.3.          Closing Date. Closing shall occur thirty (30) days following the later of the (a) expiration of the Inspection Period, or (b) satisfaction of the Conditions to Closing, but in any event, no later than the Outside Date.
        Closing will be held at the offices of the Title Company or as otherwise agreed by Purchaser and Seller. At Closing, Seller shall transfer (a) by recordable grant, bargain and sale deed, substantially in the form of Exhibit 4 attached hereto (the “Deed”), fee simple title to the Owned Property, and (b) by recordable assignment of
        ground lease, substantially in the form of Exhibit 5 attached hereto (the “Ground Lease Assignment”) leasehold title to the Leased Property, each free and clear of all encumbrances except those listed in the final Commitment (“Permitted Exceptions”). Purchaser

        and Seller agree to provide the Title Company with their taxpayer identification numbers and such other information reasonably required by Title Company. 

    

    
      
        8

        
          
 

      

    

  

  
    
       

      3.4.         Conditions to Closing.
        The obligations of Purchaser under this Purchase Agreement are subject to the following conditions (collectively, “Purchaser’s Closing Conditions”), which conditions are for the
        sole benefit of Purchaser and may be waived by Purchaser, in whole or in part, by written notice of waiver delivered to Seller:

      

      

    

    
      (a)          The
          Property and all portions thereof being free from material damage or destruction by fire, earthquake, flooding or other force of nature after the Effective Date, which prevents the use of the Property for Purchaser’s intended purpose. For
          purposes of this Section 3.4(a), “material” shall mean damage or destruction of 50% or more of the Property.

      

      

      (b)          Seller’s
          performance of its covenants and other obligations under this Purchase Agreement, including, without limitation, delivery of all Closing documents and instruments required hereby.

      

      

      (c)          The
          truth and accuracy as of the Effective Date, and as of the date of Closing, of each and every warranty and representation made herein by Seller.

      

      

    

    
      (d)          Seller
          shall have caused the Title Company to irrevocably commit to deliver to Purchaser the Title Policy.

      

      

      (e)          No
          Proceeding shall have been commenced by or against Seller under the federal bankruptcy code or any state law for the relief of debtors or for the enforcement of the rights of creditors.

      

      

    

    
      (f)          The
          closing of the transaction contemplated by the Xpress West Purchase Agreement shall have occurred prior to or substantially concurrently with the Closing.

      

      

    

    
      If any of Purchaser’s Closing Conditions have not been fulfilled on or before the Outside Date, Purchaser may: (i)
        waive the Purchaser’s Closing Condition and proceed to Closing in accordance with this Purchase Agreement, without adjustment or abatement of the Purchase Price; or (ii) terminate this Purchase Agreement by written notice to Seller and Title
        Company, in which event (A) the Earnest Money Deposit shall be returned to Purchaser without further instruction from Seller, (B) all other documents, instruments and funds delivered to Escrow shall be returned to the party that delivered the same,
        (C) to the extent that the failure of any applicable Purchaser’s Closing Conditions is caused by a Seller default, Seller shall pay for all of the cancellation charges of Title Company, if any, and Purchaser shall be entitled to its Reimbursable
        Expenses, and (D) neither party shall have any further liability or obligation hereunder except as to those obligations which provide that they survive termination of this Purchase Agreement. Notwithstanding anything herein to the contrary, in the
        event that all Purchaser Closing Conditions except for that condition set forth in Section 3.4(f) are satisfied on or before the Outside Date, and provided
        Seller is not otherwise in default hereunder, Purchaser may terminate this Purchase Agreement by written notice to Seller and Title company in which event (1) the Earnest Money Deposit shall be delivered to Seller; (2) all other documents,
        instruments and funds delivered to Escrow shall be returned to the party that delivered the same; (3) Purchaser shall pay for all of the cancellation charges of Title Company, if any; and (4) neither party shall have any further liability or
        obligation hereunder except as to those obligations which provide that they survive the termination of this Purchase Agreement.

      
        9

        
          
 

      

    

    

    

    
      3.5.         Seller’s Deposits.
        On or before one (1) Business Day prior to the Closing Date, Seller shall deliver to Title Company the following items, each dated as of the Closing Date and duly executed and acknowledged, if applicable, by Seller (collectively, the “Seller’s Deposits”):

      

      

    

    
      (a)         The Deed,
          together with the State of Nevada Declaration of Value form setting forth the Purchase Price as the fair market value of the Property (the “Declaration of Value”).

      

      

      (b)         Two (2)
          original counterparts of the Stockholder Agreement in the form of Exhibit 6 attached hereto (the “Shareholder Agreement”).

      

      

    

    
        (c)          Two (2)
          original counterparts of the Ground Lease Assignment.

      

      

    

    
      (d)         Two (2)
          original counterparts of the Assignment and Assumption Agreement in the form of Exhibit 7 attached hereto (the “Assignment and Assumption Agreement”).

      

      

    

    
      (e)         A FIRPTA
          Affidavit for each entity comprising Seller substantially in the form of Exhibit 8 attached hereto.

      

      

      (f)          The
          Assignment and Bill of Sale substantially in the form of Exhibit 9 attached hereto.

      

      

      (g)         An
          owner’s affidavit in form sufficient and acceptable to Title Company so as to allow Title Company to eliminate the standard printed exceptions, including the parties in

          possession, mechanic’s lien, and gap exceptions from the Title Policy and running to the benefit of Purchaser and Title Company, stating that there are no outstanding unrecorded options or contracts for sale of the Property to anyone other than
          Purchaser, that the Property is unencumbered and that no construction or repairs have been made, nor any work done to or on the Property which has not been fully paid.

       

      

    

    
        (h)          The Closing Statement.

      

      

    

    
      (i)          A letter to each tenant under an Assigned Lease, in substantially the form of Exhibit 10 attached hereto, advising such tenant of the sale of the Property and directing that after the Closing Date all rent and any other amounts due from such tenant and all
        future correspondence relating to such Assigned Lease, as the case may be, shall be sent to Purchaser.

    

    
      10

      
        
 

    

    
      (j)          The Landlord Consent and Estoppel confirming the terms set forth in the Ground Lease and that Seller is
        not in default thereunder, in substantially the form of Exhibit 11 attached hereto (the “Landlord Consent”), duly executed by Lessor, and dated no earlier than thirty (30) days prior to the Closing Date;

      

      

      (k)         An estoppel certificate from each tenant under an Assigned Lease confirming the terms set forth in such
        Assigned Lease and that there is no default thereunder, in substantially the form of Exhibit 12 attached hereto (collectively, the “Tenant Estoppel Certificates”), duly executed by such tenant and dated no earlier than January 1, 2019;

      

      

    

    
      (l)         Any other items or documents referred to in this Purchase Agreement or affecting the conveyance and sale
        of the Property that may be reasonably requested by Purchaser or Title Company or that may be necessary to carry out the purpose and intent of this Purchase Agreement.

      

      

    

    
      3.6.          Purchaser’s Deposits.
        On or before one (1) Business Day prior to the Closing Date, Purchaser shall deliver to Title Company each of the following items, dated as of the Closing Date, if applicable, and duly executed by Purchaser, if applicable (collectively, the “Purchaser’s Deposits”):

      

      

    

    
      (a)         The
          balance of the Cash Purchase Price together with Purchaser’s portion of the prorations pursuant to the terms of this Purchase Agreement;

      

      

      (b)        Purchaser
          shall issue and deliver to Seller a number of Purchaser Common Shares (rounded up to the nearest whole number of limited liability company interests or shares, as applicable) in book-entry form equal to the Share Purchase Price.

      

      

    

    
        (c)         Two (2)
          counterparts to the Stockholder Agreement.

      

      

        (d)         One (1)
          original counterpart to the Declaration of Value.

      

      

        (e)         Two (2)
          original counterparts of the Ground Lease Assignment.

      

      

        (f)          Two (2)
          original counterparts of the Assignment and Assumption Agreement.

      

      

        (g)         The
          Closing Statement.

      

      

        (h)         Any
          other items or documents referred to in this Purchase Agreement or affecting the conveyance and sale of the Property that may be reasonably requested by Seller or Title Company or that may be necessary to carry out the purpose and intent of this
          Purchase Agreement.

      
        11

        
          
 

      

    

    
      
        
          3.7.          Approval of Closing Documents. All Closing documents to be furnished by Seller or Purchaser pursuant hereto the form of which is not attached to this
              Purchase Agreement shall be in form and substance reasonably satisfactory to both Seller and Purchaser.

          

          

          3.8.          Actions by Title Company. Provided that Title Company shall not have received on or before the Closing Date written notice from Purchaser or Seller of the
              failure of any condition to the Closing or of the termination of this Purchase Agreement, when Purchaser and Seller have deposited into Escrow the documents and funds required by this Purchase Agreement and authorized Title Company to close
              the transaction, Title Company shall, in the order and manner herein below indicated, take the following actions:

             

        

        
          (a)           Recording. Cause the Deed, the Declaration of Value, the Assignment of Ground Lease and any other documents which the parties hereto may mutually direct to
              be recorded in the Land Records and obtain conformed copies thereof for distribution to Purchaser and Seller. Title Company shall record such documents in the following order, (i) first, the Deed, together with the Declaration of Value, (ii)
              second, the Ground Lease Assignment, and (iii) third, any other documents which the parties direct to be recorded in accordance herewith; and

          

          

        

        
          (b)           Funds. Disburse all funds as follows:

          

          

        

        
          (i)       pursuant to the Closing Statement, retain for Title Company’s own account all escrow fees and costs, the fees and
            expenses incurred in connection with the issuance of the Title Policy and disburse to any other persons entitled thereto the amount of any other Closing Expenses;

          

          

        

        
          (ii)       disburse to Seller an amount equal to the Cash Purchase Price less or plus the net debit or credit to Seller by
            reason of the prorations pursuant to the terms of this Purchase Agreement; and

          

          

        

        
          (iii)      disburse to the party who deposited the same any remaining funds in the possession of Title Company after payments
            pursuant to this Section have been completed.

          

          

        

        
          (c)          Delivery of Documents. Deliver: (a) to Seller (i) one original of all documents deposited into Escrow by Purchaser, (ii) one copy of all documents deposited
              into Escrow by Seller (other than any documents being recorded), and (iii) one conformed copy of each document recorded pursuant to the terms hereof; and (b) to Purchaser, (i) one original of all documents deposited into Escrow by Seller
              (other than any other documents being recorded), (ii) one conformed copy of each document recorded pursuant to the terms hereof, and (iii) one original of the Deed, Declaration of Value and Assignment of Ground Lease following
            recording; and

          
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             (d)          Title Policy. Issue to
            Purchaser the Title Policy.

          

          

        

        
          3.9.        Deliveries Outside of Escrow.
            At the Closing, Seller shall deliver to Purchaser sole and exclusive possession of the Property. Further, at the Closing, Seller shall deliver to Purchaser the Intangible Property to the extent in the actual possession of Seller.

          

          

        

        4.           Seller’s Deliveries to Purchaser.
        
          

          

        

        
          4.1.       Items Delivered.

          

          

        

        
          (a)          General Items. Within five (5) Business Days after the Effective Date, the Seller shall deliver to Purchaser the Seller’s Deliverables for the Property.

          

          

          (b)          Additional Deliveries. Throughout the Inspection Period, the Seller shall also deliver to Purchaser any amendments, modifications, renewals or updates of
              the Seller’s Deliverables which are then available to the Seller and copies of such other items then available to the Seller relating to the Property as reasonably requested by Purchaser.

          

          

        

        
          4.2.         Limited Warranty; “As- Is” Sale. The Seller warrants and represents to Purchaser that all copies of documents, instruments, reports, correspondence and
              other writings delivered by the Seller to Purchaser pursuant to this Purchase Agreement are true, correct and complete copies of the originals. As-Is Sale.
              Except for the express representations and warranties of Seller set forth herein, Purchaser acknowledges and agrees that Purchaser has not been induced by and has not relied upon any written or oral representations, warranties or statements,
              whether express or implied, made by Seller, or any affiliate, agent, employee, or other representative of any of Seller or upon any information provided by or on behalf of Seller with respect to the Property, or any other matter affecting or
              relating to the transactions contemplated hereby. Purchaser acknowledges and agrees that, except as expressly set forth herein, Seller makes no representations or warranties whatsoever, whether express or implied or arising by operation of
              law, with respect to the Property. PURCHASER AGREES THAT THE PROPERTY WILL BE SOLD AND CONVEYED TO (AND ACCEPTED BY) PURCHASER AT THE CLOSING IN
                ITS THEN EXISTING CONDITION, AS IS, WHERE IS, WITH ALL FAULTS, AND WITHOUT ANY WRITTEN OR ORAL REPRESENTATIONS OR WARRANTIES WHATSOEVER, WHETHER EXPRESS OR IMPLIED OR ARISING BY OPERATION OF LAW, other than any representations,
              warranties and covenants of Seller expressly set forth in this Purchase Agreement. Without limiting the generality of the foregoing, except for the representations and warranties of Seller contained in this Purchase Agreement, the
              transactions contemplated by this Purchase Agreement are without statutory, express or implied warranty, representation, agreement, statement or expression of opinion of or with respect to the Property or any aspect thereof, including,
            without limitation, (i) any and all statutory, express or implied representations or warranties related to the suitability for a particular purpose and (ii) any statutory, express or implied representations or warranties created by any
            affirmation of fact or promise, by any description of the Property or by operation of law. Purchaser acknowledges that Purchaser has knowledge and expertise in financial and business matters that enable Purchaser to evaluate the merits and
            risks of the transactions contemplated by this Purchase Agreement.

          
            13

            
              
 

            

          

        

        
                         4.3.         Confidentiality.
              All items delivered by the Seller to Purchaser pursuant to Section 4.1 of this Purchase Agreement are being delivered to Purchaser solely for
              Purchaser’s use in connection with the Purchase. Accordingly, Purchaser shall not (a) release any such delivered items or disclose any of the information contained therein, or (b) release any other items or disclose any other information
              concerning the Property or this Purchase Agreement (except as hereinafter provided), to any other person or entity, prior to the Closing without the prior written consent of the Seller. Notwithstanding the foregoing, the Seller’s prior
              written consent shall not be required for the release of such items or the disclosure of such information (i) to Purchaser’s employees, attorneys, accountants, architects, engineers and other consultants and representatives for their use in
              connection with this transaction, (ii)to the extent required by legal process or court order, (iii) if such items or information are available in public records or otherwise generally available to the public, (iv) to any agency of the
              federal, state or local government or (v) to the Title Company. Purchaser shall, not more than five (5) Business Days after the termination of this Purchase Agreement, return all such original items and all copies thereof, which Purchaser has
              received, to the Seller.

           

          5.            Title, Survey and Contracts.

          

          

        

        
          5.1.        Commitment. Not more than five (5) Business Days after the Effective Date the Seller shall deliver to Purchaser a copy of a Commitment for the Property
              dated “as of” not more than fifteen (15) days prior to the Effective Date and copies of or electronic links to all recorded Exception Documents.

          

          

          5.2.         Survey. After the Effective Date, Purchaser may, at its sole cost and expense, engage a surveyor or engineer licensed in the State of Nevada to prepare an
              ALTA/NSPS survey of the Property (the “Survey”) utilizing the Commitment.

          

          

          5.3.        Title Objections. On or before October 31, 2018 (“Title Objection Date”), Purchaser
              shall notify the Seller in writing of any title exceptions or matters identified in the Commitment, the Exception Documents, or the Survey of which Purchaser disapproves (“Title Objection Notice”). Purchaser’s failure to give a Title Objection Notice with respect to any title exception or matter prior to the Title Objection Date shall be deemed to constitute Purchaser’s waiver of its right to
              disapprove such title exception or matter and its approval thereof. On or before five (5) days after the date of the Title Objection Notice, Seller shall notify Purchaser in writing of any disapproved title exceptions or matters which the
              Seller is unable or unwilling to cause to be (a) removed or (b) upon Purchaser’s written approval, insured against, prior to or at Closing (“Seller’s Title Objection Response”). The

            Seller’s failure to provide Purchaser with the Seller’s Title Objection Response within the time period set forth above shall be deemed to be the Seller’s election not to cure any Title Objections raised by Purchaser. Notwithstanding the
            foregoing or anything herein to the contrary, at or before the Closing, Seller shall cause all financing encumbrances and other monetary liens, if any, to be removed as exceptions to or affecting title to the Property, except liens for taxes
            not then due and payable, and Seller shall cure any disapproved items it has elected to cure hereunder, and if Seller fails to do so, Purchaser, at its option, by written notice to Seller and Title Company at any time on or before the Closing,
            may elect to (i) terminate this Purchase Agreement and receive a refund of the Earnest Money Deposit (without any instruction from Seller), and, notwithstanding anything herein to the contrary, Seller shall, within ten (10) days of demand
            therefor, reimburse Purchaser for its actual, out of pocket expenses incurred by Purchaser in connection with the preparation and negotiation of this Purchase Agreement and the transactions contemplated hereby and related thereto, including (A)
            expenses related to due diligence and seeking entitlements or other governmental approvals, and (B) fees of Purchaser’s attorneys, lobbyists and consultants (subsection (A) and (B), collectively, “Reimbursable Expenses”); (ii) accept title subject to any disapproved matters; or (iii) declare Seller in default of this Purchase Agreement and pursue any other remedies allowed hereunder or at law or in
            equity.

          
            14

            
              
 

          

        

        
          5.4.        Modifications to Title Commitment and
                Survey. If Title Company subsequently issues any amendment to the Commitment after the Title Objection Date or the expiration of the Inspection Period disclosing any additional exceptions, changes in the legal description, or
            additional requirements of Purchaser, or if any revision to the Survey discloses any additional matters affecting the Property, then Purchaser shall be entitled to disapprove any such matter by delivering notice to Seller and Title Company on
            or before five (5) Business Days after Title Company has delivered to Purchaser the amendment to the Commitment together with copies of the underlying documents referenced therein (or Purchaser has received the revision to the Survey, as
            applicable). If Purchaser fails to deliver a notice disapproving of any matter set forth in the amended Commitment or Survey (or any subsequent amendment thereto) within the relevant time period prescribed above, Purchaser shall be conclusively
            deemed to have approved such matter as of the last day of that time period and such matter shall be deemed to be a Permitted Exception. Seller shall have five (5) Business Days after notice of any disapproval is given by Purchaser within which
            to give written notice to Purchaser and Title Company as to whether Seller elects to cure any such disapproved matter. Failure to notify Purchaser in writing within such period of its election to cure shall be deemed Seller’s election not to
            cure. Purchaser shall have five (5) Business Days following either receipt of Seller’s notice electing not to cure or the expiration of Seller’s five (5) Business Day notice period provided in this Section in which to elect either to waive its
            disapproval of any matter Seller does not elect to cure or to terminate this Purchase Agreement and receive a refund of the Earnest Money Deposit without any instruction from Seller. The Closing Date, including the Outside Date, shall be
            extended as necessary to accommodate the foregoing time periods. If Seller elects to cure but fails to do so, Seller shall be in default and Purchaser shall be entitled to those remedies provided in Section 5.3 above.

          
            15

            
              
 

          

        

        
          5.5.         Assumed Contracts and Assigned
                Leases. On or before the expiration of the Inspection Period, Purchaser shall advise Seller of any Contract Purchaser desires to assume (collectively, the “Assumed Contracts”) and of any Lease Purchaser desires to assume (collectively, the “Assigned Leases”). Any Contract or Lease which Purchaser does not designate as an Assumed Contract or Assigned Lease shall be terminated by Seller, at Seller’s cost and expense, prior to the Closing Date. Seller shall use
            commercially reasonable efforts to obtain, prior to the Closing, any approvals or consents required under any Assumed Contracts or Assigned Leases in order to transfer such Assumed Contracts or Assigned Lease to Purchaser at the Closing.

          

          

        

        
          6.            Entry,
                Inspection and Testing.

          

          

        

        
          6.1.       General. At any time during the Inspection Period, but only after forty-eight (48) hours’ prior notice to Seller (which may be given via e-mail), Purchaser,
              or its agents, may enter upon the Property at reasonable times to perform inspections and tests deemed necessary by Purchaser, in its sole discretion. Notwithstanding the foregoing, Purchaser and its agents shall have no right to make soils
              borings, drill testing or monitoring wells or otherwise to penetrate the surface of the Property, except with Seller’s prior written consent, which consent shall not be unreasonably withheld or delayed, and, if such consent is given, except
              on the terms and conditions provided for in Section 6.2 of this Purchase Agreement. Purchaser, and its agents, shall exercise due care in entering
              upon, inspecting and testing the Property and shall perform all such entry, inspection and testing in a professional manner so as to minimize any damage to or disruption of the Property. Purchaser shall obtain, or cause Purchaser’s agents to
              obtain, at the sole cost and expense of Purchaser, any licenses or permits required by federal, state or local law in order to perform such inspections and tests. Purchaser shall promptly repair any damage to the Property resulting from such
              entry, inspection or testing and shall return the Property as nearly as practical to the Property’s condition prior to such entry, inspection or testing.

          

          

        

        
          6.2.       Subsurface Testing.

          

          

        

        
          (a)         Manner of Testing. Prior to
            drilling into or otherwise penetrating the surface of the Property, Purchaser shall establish the location of all underground utility lines and facilities directly through each utility company or by other means acceptable to Seller. Purchaser
            shall keep all equipment and installations used by Purchaser in connection with such activities, including the well caps to any testing or monitoring wells, locked or otherwise secured during all times when Purchaser does not require access to
            such equipment and installations. Purchaser shall promptly provide Seller with diagrams showing the locations of all soils borings made by Purchaser, and with “as-built” drawings of any testing or monitoring wells installed by Purchaser.

          
            16

            
              
 

          

        

        
          (b)         Removal of Material,
                  Equipment. Purchaser shall remove from the Property and properly dispose of all soils, groundwater and other materials extracted by Purchaser in connection with such drilling, testing or monitoring activities prior to the end
              of the Business Day after such testing is concluded, all in accordance with Environmental Laws and all permits, licenses and requirements of and from Governmental Authorities. Notwithstanding anything herein to the contrary, Purchaser shall
              not be responsible for any remediation or other removal of any soils, groundwater and other materials. On or prior to the expiration of the Inspection Period, Purchaser shall remove from the Property all equipment and installations used by
              Purchaser, shall properly fill compact and level all ditches, depressions and excavations caused solely by Purchaser’s testing, and remove and dispose of all debris resulting therefrom; and shall otherwise cause the affected portions of the
              Property to be returned as nearly as possible to their original gradient and condition, all in accordance with Environmental Laws and all other governmental requirements.

            

          (c)         Insurance Requirements. Prior to drilling into or otherwise penetrating the surface of the Property, Purchaser, at its sole cost and expense, shall obtain
              and maintain in effect, and shall cause its agents, contractors, subcontractors and other authorized representatives to obtain and maintain in effect, the following forms of insurance coverage:

          

          

        

        
          (i) Workers compensation and employer’s liability insurance issued for protection of all employees engaged in such activities.

          

          

          (ii) Commercial (or comprehensive) general liability insurance with a minimum combined bodily injury and property damage limit
            of not less than $2,000,000 per occurrence. Such insurance shall include the following coverages with respect to such activities: (A) products and completed operations; (B) blanket contractual liability; (C) premises and operations; and (D)
            broad form property damage. Such insurance shall be primary and noncontributing with any insurance that may be carried by Seller or its tenants, and shall name Seller as an additional insured.

          

          

          (iii) Automotive liability for bodily injury with a limit of not less than $1,000,000 per occurrence.

          

          

        

        
          The insurance certificates required hereby shall provide that the coverage therein evidenced shall not be terminated, amended or
            cancelled, except by written notice to Seller at least thirty (30) days prior to the effective date thereof, regardless of whether such termination, amendment or cancellation is initiated by Purchaser or the insurance carrier. All insurance
            required of Purchaser hereunder shall be issued by insurance carriers authorized to transact business in the State of Nevada and rated at least B+ Class V by Best’s Insurance Reports

        

        
          17

          
            
 

        

        (d) Non-Disturbance of Tenants. At all times during the Inspection Period, neither Purchaser nor its employees,
            contractors or agents, shall interfere with the use of the Property by the tenants occupying the Property pursuant to the Leases.

        

        

        
          7.             Representations and Warranties.

          

          

        

        
          7.1.         Representations and Warranties of
                Seller. The Seller represents and warrants to and covenants with Purchaser that the following matters are true and correct as of the Purchase Effective Date and will also be true and correct as of the Closing Date:

          

          

        

        
          (a)         Good Standing. Each of the entities comprising Seller is duly organized, validly existing and in good standing under the Laws of the state of its formation.

          

          

          (b)         Authorization and Validity. This Purchase 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 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 equitable principles relating to or limiting the right of contracting parties generally. This Purchase Agreement does not violate any provisions of any agreement to which any
              of the entities comprising the Seller is a party or to which any of them is subject.

          

          

          (c)         No Bankruptcy Proceedings. None of the entities comprising Seller has (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary
              petition in bankruptcy or suffered the filing of any involuntary petition by the creditors of such entity, (iii) suffered the appointment of a receiver to take possession of all or substantially all of any of such entity’s assets, or (iv)
              suffered the attachment or other judicial seizure of all or substantially all of any of such entity’s assets.

          

          

          (d)         Non-Foreign Person. None of the entities comprising Seller is a “foreign person” as defined in Section 1445 of the Internal Revenue Code of 1986, as amended
              (the “Code”), and any related regulations.

          

          

          (e)         No Breach. Neither the execution of this Purchase Agreement nor the consummation of the transactions contemplated herein will constitute a breach under any
              contract or agreement to which any of the entities comprising Seller is a party or by which any of the Seller entities is bound or affected which affects the Property or any part thereof.

          

          

          (f)          Litigation and Other Proceedings. There are no Judgments unsatisfied against any of the entities comprising Seller or the Property or consent decrees or
              injunctions to which any of the Seller entities or the Property is subject, and there is no Proceeding pending or, to Seller’s Actual Knowledge, threatened against or relating to any of the entities comprising Seller or Seller’s
            ownership, operation of or title to the Property, nor does Seller know or have reasonable grounds to know of any basis for any such action or of any governmental investigation relative to Seller or the Property. None of the entities comprising
            Seller is in the hands of a receiver.

        

        
          18

          
            
 

        

        
          (g)         Hazardous Materials. None
            of the entities comprising Seller has received any written notice of any violation of Law governing the use, storage, treatment, transportation, manufacture, handling, production, or disposal of Hazardous Materials relating to the Property and
            there have been no actions commenced or, to Seller’s Actual Knowledge threatened by any party relating to the Property for noncompliance therewith.

          

          

        

        
          (h)         CityView Contracts. The
            Contracts delivered to Purchaser are true, correct and complete copies thereof. Except for the Contracts and the Leases, there are no other contracts, agreements or leases affecting or related to all or any portion of the Property. Seller shall
            terminate any contract which is not an Assumed Contract by notice to the tenant or third party thereto and which shall be delivered to each tenant or third party, with a copy to Purchaser, prior to Closing such that such termination is
            effective on or before the Closing.

          

          

        

        
          (i)          Agreements. Seller has
            not and will not for so long as this Purchase Agreement is in effect enter into any other grants, conveyances, easements, leases, licenses, permits or other agreements affecting title to the Property, without Purchaser’s prior written consent,
            which may be withheld in Purchaser’s sole discretion.

          

          

        

        
          (j)          Compliance with Laws. To
            Seller’s Actual Knowledge, the Property is in full compliance with all Laws, and all applicable restrictive covenants (collectively, “Regulations”), including any Environmental Laws and Regulations relating to safety, health, building, fire or
            zoning (including all zoning, subdivision and “lot split” regulations, if applicable, and all zoning conditions and stipulations). Seller has not received notice of any violation of any applicable Regulation.

          

          

        

        
          (k)        Title. Seller has good and
            marketable fee simple title to the Owned Property and valid leasehold title to the Leased Property, and shall convey the Property to Purchaser free and clear of any and all liens and encumbrances whatsoever except the Permitted Exceptions.

          

          

        

        
          (l)          Leases; Purchase Rights.
            Except for this Purchase Agreement, the Ground Lease, the Leases and other matters disclosed by the Commitment, there are no unrecorded contracts, leases, easements or other agreements, or claim of any third party, affecting the use, title,
            occupancy or development of, or otherwise related to, the Property. No third party has any right of first refusal, option or other right to acquire all or any part of the Property.

        

        
          
            19

            
              
 

          

        

        
          (m)        The Leases and Ground Lease.
            The Ground Lease and each Lease delivered to Purchaser are true, correct and complete copies thereof. There is no breach or violation of or default by Seller or, by any other party, under any of the Leases or the Ground Lease, whether or not
            such breach, violation or default has been waived. No event has occurred with respect to Seller or, any other party thereto, which, with notice or lapse of time or both, would constitute a breach, violation or default of, or give rise to a
            right of termination, modification, or acceleration under, any of the Leases or the Ground Lease. Each of the Leases and the Ground Lease are in full force and effect, and without amendment or assignment except to the extent delivered to
            Purchaser by Seller or disclosed on the Commitment, all rentals and other amounts owed under each of the Leases and the Ground Lease have been paid in full as of the date hereof, and Seller has received no written notice of any defaults,
            offsets or requests or demands for maintenance, repairs or replacements which have not been cured as of the date hereof.

          

          

        

        
          (n)          Licenses and Permits. All
            Licenses and Permits necessary for Seller to use and operate the Property as currently used or operated by Seller, if any, have been issued and are in full force and effect.

          

          

          (o)         Monetary Encumbrances.
            Except for any non-delinquent real property taxes and special assessments disclosed on the Commitment, there shall be no monetary encumbrances, debts, liabilities or obligations of Seller with respect to the Property outstanding as of the
            Closing Date. Any labor and materials used in any construction on or preparation of the Property have been paid for, and there are no disputes with regard thereto.

          

          

          (p)         Condemnation. There are no
            pending condemnation, eminent domain, or similar Proceedings pending or, threatened in writing, with regard to the Property. There is no existing, proposed or contemplated plan to widen, modify or realign any street or highway adjoining the
            Property relating to the Property or any portion thereof.

          

          

          (q)          Exclusivity. From and
            after the Effective Date, Seller agrees that Purchaser shall have the exclusive right to acquire the Property in accordance with the terms, conditions and provisions of this Purchase Agreement.

          

          

        

        
          (r)           Use of Property. From
            and after the Effective Date, without the written consent of Purchaser, which consent may be withheld in Purchaser’s sole and absolute discretion, Seller agrees that it shall not:

          

          

        

        
          (i)            Violate or allow the violation of any Law or Regulation with respect to the Property;

          

          

          (ii)           Fail to do or cause to be done, all things within its control to preserve intact and unimpaired any and all
            rights-of-way, easements, grants, appurtenances, privileges and licenses in favor of or benefiting any part of the Property;

          
            20

            
              
 

          

        

        
            (iii)         Fail to pay, as and when due, all payments on any encumbrances or assessments presently affecting the
            Property and any and all taxes, assessments and levies in respect of the Property through the Closing Date;

          

          

        

        
            (iv)         Subject the Property to any lien or encumbrance other than Permitted Exceptions;

          

          

        

        
            (v)          Fail to maintain its existing insurance coverage of all types relating to the Property;

          

          

        

        
            (vi)         Enter into any new Contract or Lease, or terminate, breach, amend or modify any of the Contracts, the
            Leases or the Ground Lease, or waive any of Seller’s rights in respect of any Contract, Lease or the Ground Lease; and

          

          

            (vii)        Accept from any of the tenants of the Leases payment of rent or other charges more than one (1) month in
            advance unless such amounts were received by Seller prior to the date hereof.

          

          

        

        
          7.2.        Representations and Warranties of
                Purchaser. Purchaser represents and warrants to, and covenants with, Seller that the following matters are true and correct as of the Effective Date and will also be true and correct as of the Closing:

          

          

        

        
          (a)         Good Standing. Purchaser is, as of the Effective Date, a limited liability company and will be, as of the Closing, a limited liability company or a
              corporation, in each case, duly organized, validly existing and in good standing under the Laws of the State of Delaware and in each jurisdiction required for the conduct of its business.

          

          

          (b)         Authorization and Validity. This Purchase 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 equitable principles relating to or limiting the rights 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.

          

          

          (c)          No Bankruptcy Proceedings. Purchaser has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or
              suffered the filing of any involuntary petition by Purchaser’s creditors, (iii) suffered the appointment of a receiver to take possession of all or substantially all of Purchaser’s assets, or (iv) suffered the attachment or other judicial
              seizure of all or substantially all of Purchaser’s assets.

          
            21

            
              
 

          

        

        
          (d)          No Breach. Neither the execution of this Purchase Agreement nor the consummation
                of the transactions contemplated herein will constitute a breach under any contract or agreement to which Purchaser is a party or by which Purchaser is bound.

          

          

        

        
          8.            Termination.

          

          

        

        
          8.1.         Purchaser’s Termination. Purchaser may terminate this Purchase Agreement by timely delivery to Seller of a written notice to terminate as provided in this
              Purchase Agreement on or before the expiration of the Inspection Period in which event this Purchase Agreement shall terminate, the Earnest Money Deposit shall be returned to Purchaser, and, except as otherwise specified in this Purchase
              Agreement, neither Seller nor Purchaser shall have any further obligation to each other. Upon such termination Purchaser shall promptly return to Seller the Seller’s Deliverables.

          

          

          8.2.         Purchaser’s Remedies. In the event that the Closing fails to occur as a result of the default of Seller in the performance of its obligations under this
              Purchase Agreement or the breach of Seller’s representations or warranties hereunder, then, upon notice to Seller and Title Company, Purchaser, at its election, shall have the right to: (a) terminate this Purchase Agreement, receive a return
              of the Earnest Money Deposit (without further instruction from Seller) and, notwithstanding anything herein to the contrary, Seller shall, within ten (10) days of demand therefor, reimburse Purchaser for its Reimbursable Expenses; or (b) seek
              the specific performance of this Purchase Agreement within one hundred twenty (120) days following the scheduled Closing Date.

          

          

          8.3.         Seller’s Sole Remedy. Prior to entering into this Purchase Agreement, Purchaser and Seller have considered the damages that would be suffered by Seller in
              the event of a default by Purchaser of its obligation to purchase the Property. Given all the factors which directly affect the value and marketability of the Property, the parties realize that it would be extremely difficult and
              impracticable, if not impossible, to ascertain with any degree of certainty the amount of damages which would be suffered by Seller in the event of Purchaser’s failure to perform its obligations under this Purchase Agreement to purchase the
              Property. The parties hereby agree that a reasonable amount of liquidated damages is an amount equal to the Earnest Money Deposit, and in the event Purchaser fails to perform its obligations under this Purchase Agreement to purchase the
              Property, Seller shall, as its sole remedy, be entitled to terminate this Purchase Agreement and obtain such sum as liquidated damages. Notwithstanding the foregoing or anything herein to the contrary, Seller’s rights or remedies shall not be
              limited with respect to: (a) any indemnification obligations of Purchaser contained in this Purchase Agreement and (b) those other rights and obligations that, by their terms, survive the termination of this Purchase Agreement.

          
            22

            
              
 

          

        

        
          9.             INDEMNITIES.

             

        

        
          9.1.         INSPECTION; CONFIDENTIALITY. PURCHASER AGREES TO DEFEND, INDEMNIFY AND HOLD HARMLESS THE SELLER FROM AND AGAINST ALL CLAIMS, DAMAGES, LOSSES, COSTS,
              EXPENSES AND LIABILITIES, INCLUDING, BUT NOT LIMITED TO ALL ATTORNEYS’ FEES AND COURT COSTS AND EXPERT WITNESS FEES PAID OR INCURRED BY SELLER, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE FOLLOWING UNLESS CAUSED BY THE GROSS NEGLIGENCE OR
              WILLFUL MISCONDUCT OF SELLER OR ITS EMPLOYEES, AGENTS OR TENANTS: (A) PURCHASER’S EMPLOYEES’ AND AGENTS’, ENTRY UPON OR INSPECTION OR TESTING OF THE PROPERTY (OTHER THAN THE PROPERTY’S LOSS OF VALUE OR MARKETABILITY DUE TO THE DISCOVERY OF
              DEFECTS) AND (B) PURCHASER’S FAILURE TO PERFORM ANY OF ITS OBLIGATIONS RESPECTING CONFIDENTIALITY UNDER SECTION 4.3 OF THIS PURCHASE AGREEMENT.
              NOTWITHSTANDING THE FOREGOING, IN NO EVENT SHALL PURCHASER BE LIABLE TO SELLER FOR DISCOVERING, RELEASING, DISTURBING OR MOVING ANY HAZARDOUS OR REGULATED SUBSTANCE CAUSED TO BE ON, UNDER, OR ABOUT, THE PROPERTY.

          

          

        

        
          9.2.         BROKERAGE COMMISSIONS.          NEITHER SELLER NOR PURCHASER HAS ENGAGED
              A BROKER FOR THIS TRANSACTION NOR HAVE THEY AGREED TO THE PAYMENT OF ANY COMMISSION, FINDERS FEE, REFERRAL FEE OR THE LIKE. EACH OF SELLER AND PURCHASER HEREBY AGREES TO DEFEND, INDEMNIFY, AND HOLD HARMLESS THE OTHER AGAINST ANY SUCH CLAIMS
              FOR COMMISSIONS OR FEES RELATIVE TO THIS PURCHASE AGREEMENT, OR THE SALE OF THE PROPERTY, AND ANY COURT COSTS, ATTORNEYS’ FEES OR OTHER COSTS OR EXPENSES ARISING THEREFROM, AND ALLEGED TO BE DUE BY AUTHORIZATION OF THE INDEMNIFYING PARTY.

          

          

        

        
          9.3.         MEANING.          FOR PURPOSES OF THIS SECTION

                  9, ALL REFERENCES TO “SELLER” OR “PURCHASER” WHEN SUCH PARTY IS BEING INDEMNIFIED AGAINST A CLAIM, BUT NOT AS TO SUCH PARTY WHEN IT IS INDEMNIFYING THE OTHER PARTY AGAINST A CLAIM, SHALL INCLUDE: (i) SUCH PARTY’S
            PARENT, SUBSIDIARY AND AFFILIATES, (ii) SUCH PARTY’S MEMBERS, PARTNERS, SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS, AND (iii) THE HEIRS, SUCCESSORS, PERSONAL REPRESENTATIVES AND ASSIGNS OF SUCH PARTY AND SUCH PARTY’S MEMBERS,
            PARTNERS, SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS.

        

        

        

        
          9.4.         EFFECTIVENESS. THE
            PROVISIONS OF THIS SECTION 9 SHALL BE EFFECTIVE UPON FULL EXECUTION OF THIS PURCHASE AGREEMENT AND SHALL SURVIVE CLOSING OR THE TERMINATION OF THIS
            PURCHASE AGREEMENT.

          
            23

            
              
 

          

          10.          Fees and Charges. If Purchaser terminates or fails to Close due to no fault of Seller, Purchaser shall be obligated to pay all fees and charges owing to Title Company in connection with or in any way related to this Purchase Agreement or the transaction contemplated hereby, if any, and the Seller shall have no
            obligation or liability whatsoever in connection therewith.

        
          

          

        

        
          11.          Closing Statement and Prorations.

            

        

        
          11.1.      Closing Statement. No later than three (3) Business Days prior to the Closing Date, Title Company shall deliver to each of the parties for its review and approval a preliminary closing
              statement (the “Preliminary Closing
                  Statement”) setting forth the prorations and Closing expenses allocable to each of the parties pursuant to the terms hereof.
              Based on each of the party’s reasonable comments, if any, regarding the Preliminary Closing Statement, Title Company shall revise the Preliminary Closing Statement and each of the parties shall, subject to its reasonable approval, deliver a
              final closing statement to Title Company (the “Closing Statement”).

          

          

          11.2.       Prorations. Rentals, revenues, and other income, if any, from the Property, general and special real estate and other ad valorem taxes,
              assessments, utility costs, and other expenses affecting the Property for the year of Closing shall be prorated as of the Closing Date based upon the most recent ascertainable amounts of each such item. For purposes of calculating prorations,
              Purchaser shall be deemed to be title holder of the Property, and therefore responsible for the expenses, after 12:01 a.m. local time on the Closing Date. The parties shall adjust any such income and expenses that were prorated on an
              estimated basis on the Closing Date, when and as the actual amount of such item becomes known. The party to whom credit is due shall effect any such adjustment not later than thirty (30) days following final determination of the amount of
              such item and demand. Seller shall pay all liens and assessments, special or otherwise, imposed against the Property, which are delinquent or are due and payable as of the Closing Date. The provisions of this Section 11 shall survive the
              Closing.

          

          

        

        
          12.          Title Insurance. Title Company shall issue, on the date of Closing, an ALTA 2006 extended coverage owner’s policy of title insurance (“Title Policy”) in the amount of the Purchase Price, insuring Purchaser that fee simple title to the Owned Property and leasehold title to the Leased Property is vested in Purchaser subject only to the
              Permitted Exceptions, and containing such endorsements requested by Purchaser, all in form acceptable to Purchaser. Seller shall pay the cost of the portion of the title insurance premium attributable to an ALTA 2006 standard coverage owner’s
              policy of title insurance and the cost to remove any disapproved title exception or matter agreed to by Seller pursuant to the terms hereof. Buyer shall pay the cost of the portion of the title insurance premium attributable to the extended

            title coverage, any endorsements to the Title Policy requested by Buyer, and any lender’s title policy.

        

        
          24

          
            
 

        

        
          13.          Transfer Taxes; Escrow Fees and Costs. Real property transfer taxes, escrow fees, recording fees and any other expenses of Escrow, shall be borne by Seller. Seller and Purchaser
              shall pay the fees of its own attorneys, accountant and other professionals. Purchaser acknowledges that the Property may be reassessed upon change of ownership which may result in a tax increase or decrease, which increase, if any, shall be
              the sole responsibility of Purchaser and which decrease, if any, shall accrue to the benefit of Purchaser with no credit or adjustment to Seller.

          

          

        

        
          14.          Brokerage Commissions. The Seller shall not be required to pay to any broker a commission in connection with this Purchase Agreement.

          

          

          15.          Casualty. If, prior to the Closing, the Property is damaged by fire, flood or other casualty, Seller, promptly upon learning of same, shall give written notice to Purchaser.
              Thereafter, if such damage is substantial, Purchaser shall have a period of fifteen (15) days within which to elect, by written notice to Seller and Title Company, to terminate this Purchase Agreement. Upon such termination, the Earnest Money
              Deposit shall be returned to Purchaser without instruction from Seller, and this Purchase Agreement shall become null and void. If no such election is timely made, Purchaser shall be deemed to have waived its rights under this Section 15; provided, however, that Purchaser shall be entitled to all of the proceeds of any insurance or casualty award related to the Property, and
              Seller shall execute and deliver all documents reasonably requested of Seller in order to effectuate same. The rights and obligations of the parties set forth in this Section 15 shall survive the Closing.

          

          

          16.         Condemnation. If, prior to Closing, the Property or any part thereof is subject to an eminent domain or condemnation proceeding, Seller, promptly upon learning of same, shall give
              written notice to Purchaser. Thereafter, if more than 5% of the Property is subject to such an eminent domain or condemnation proceeding, Purchaser shall have a period of fifteen (15) days within which to elect, by written notice to Seller
              and Escrow Agent, to terminate this Purchase Agreement. Upon such termination, the Earnest Money Deposit shall be returned to Purchaser without instruction from Seller, and this Purchase Agreement shall become null and void. If no such
              election is timely made, Purchaser shall be deemed to have waived its rights under this Section 16; provided, however, that Purchaser shall be entitled
              to all of the proceeds of any condemnation award related to the Property, and Seller shall execute and deliver all documents reasonably requested of Seller in order to effectuate same. The rights and obligations of the parties set forth in
              this Section 16 shall survive the Closing.

          
            25

            
              
 

          

        

        
          17.           Miscellaneous,

          

          

        

        
          17.1.      Successors and Assigns. This
            Purchase Agreement shall be binding upon and inure to the benefit of the successors and assigns of the parties. Notwithstanding the foregoing, Purchaser may not transfer, assign or encumber Purchaser’s rights under this Purchase Agreement
            without the Seller’s prior written approval, except as otherwise provided in this Section. In the event of any assignment by Purchaser with the Seller’s approval, the assignee shall be and become the person or entity having the right or
            obligation to (a) deliver or receive notices and documents, (b) give approvals, (c) waive conditions, (d) make demands, (e) receive refunds, and (f) if the Purchase is exercised, be the grantee under the deed, and the party to whom the FIRPTA
            Certificate is delivered, all as may be permitted or required by this Purchase Agreement and not then already accomplished by Purchaser. In addition, the assignee shall be deemed to have assumed all obligations and liabilities of Purchaser
            under this Purchase Agreement. Notwithstanding the foregoing, no assignment pursuant to this Section shall relieve Purchaser of any of its obligations or liabilities under this Purchase Agreement. Any such assignment must be signed by such
            assignee and must contain the assignee’s assumption of Purchaser’s liabilities and obligations hereunder. Purchaser shall deliver to the Seller a complete copy of any such assignment not more than five (5) days after the effective date of such
            assignment. The Seller shall not be bound by any such assignment unless and until the Seller has received such copy thereof. Notwithstanding anything to the contrary contained in this Section, Purchaser may, by written notice given to the
            Seller not later than three (3) Business Days prior to the Closing, assign its rights under this Purchase Agreement to a wholly owned subsidiary or Affiliate of Purchaser; provided, however, such assignment shall not relieve Purchaser of any of
            its obligations or liabilities under this Purchase Agreement. As used herein, “Affiliate” shall mean any entity controlled by, or in common control with, Purchaser.

        

        

        

        
          17.2.      Entire Agreement. This Purchase Agreement and all exhibits hereto including all exhibits to the Purchase Agreement contain the entire agreement between the
              parties concerning the Purchase, and supersedes all prior written or oral agreements between the parties to this Purchase Agreement. No addition to or modification of any term or provision hereof shall be effective unless in writing, signed
              by both the Seller and Purchaser.

          

          

          17.3.      Time of Essence. The Seller and Purchaser hereby acknowledge and agree that time is strictly of the essence with respect to each term and condition of this
              Purchase Agreement and that the failure to timely perform any of the terms and conditions by either party shall constitute a breach and default under this Purchase Agreement by the party failing to so perform.

          

          

          17.4.       Partial Invalidity. If any portion of this Purchase Agreement shall be declared by any court of competent jurisdiction to be invalid, illegal or
              unenforceable, that portion shall be deemed severed from this Purchase Agreement and the remaining parts shall remain in full force as fully as though the invalid, illegal or unenforceable portion had never been part of this Purchase
              Agreement.

        

        
          
            26

            
              
 

          

                         17.5.       Governing Law; Venue; Waiver of Jury Trial. 

           

            (a)          The parties intend
              and agree that this Purchase Agreement shall be governed by and construed in accordance with the Laws of the State of Nevada. Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the
              exclusive jurisdiction of any Nevada state court, or federal court of the United States of America, in each case, sitting in Clark County, Nevada, and any appellate court from any thereof, in any Proceeding arising out of or relating to this
              Purchase Agreement or the agreements delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of any Judgment relating thereto, and each of the parties hereto hereby irrevocably and
              unconditionally (a) agrees not to commence any such Proceeding except in such courts, (b) agrees that any claim in respect of any such Proceeding may be heard and determined in such Nevada state court or, to the extent permitted by Law, in
              such federal court, in each case sitting in Clark County, Nevada, (c) 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 such Proceeding in any
              such Clark County, Nevada State or federal court, (d) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such Proceeding in any such Clark County, Nevada state or Federal court, and (e)
              to the extent such party is not otherwise subject to service of process in the State of Nevada, appoints Corporation Service Company (CSC) as such party’s agent in the State of Nevada for acceptance of legal process and agrees that service
              made on any such agent shall have the same legal force and effect as if served upon such party personally within such state. Each of the parties hereto agrees that a final Judgment in any such Proceeding shall be conclusive and may be
              enforced in other jurisdictions by suit on the Judgment or in any other manner provided by Law.

        

        
          

          

          (b)          EACH

              PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A
              TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO
              CERTIFIES AND ACKNOWLEDGES THAT (a) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTIES HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTIES WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (b)
              IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (c) IT MAKES SUCH WAIVERS VOLUNTARILY, AND (d) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
              THIS SECTION SHALL SURVIVE ANY TERMINATION OF THIS AGREEMENT PRIOR TO THE CLOSING AND SHALL ALSO SURVIVE THE RECORDATION OF THE DEED AND SHALL NOT BE DEEMED MERGED INTO THE DEED UPON ITS RECORDATION.

          
            27

            
              
 

          

        

        
          (c)          Neither Seller nor
              Purchaser shall avail itself of any remedy granted to it hereunder based upon an alleged default of the other party hereunder unless and until written notice of the alleged default, in reasonable detail, has been delivered to the defaulting
              party by the non-defaulting party and the alleged default has not been cured on or before 5:00 p.m. (Pacific time) on the fifth (5th) Business Day next following delivery of said notice of default, except as otherwise specifically set forth
              in this Purchase Agreement. Notwithstanding the foregoing, there shall be no cure period for a party’s failure to close on the Closing Date or make its required deposits (i.e., the Seller’s Deposits and the Purchaser’s Deposits, respectively)
              to Escrow prior to the Closing Date as set forth in this Purchase Agreement.

          

          

        

        
          17.6.         Attorneys’ Fees. If any lawsuit is filed which relates to or arises out of this Purchase Agreement, the prevailing party shall be entitled to recover from
              each other party such attorneys’ fees and expert witness fees as the court may award in addition to such other costs and expenses of suit as may be allowed by Law.

          

          

          17.7.          No Third Parties Benefited. No person other than the Seller and Purchaser, and their permitted successors and assigns, shall have any right of action under
              this Purchase Agreement.

          

          

          17.8.          Waivers. No waiver by either party of any provision shall be deemed a waiver of any other provision or of any subsequent breach by either party of the same
              or any other provision.

          

          

          17.9.          Captions. The captions and Section numbers of this Purchase Agreement are for convenience and in no way define or limit the scope or intent of the Sections
              of this Purchase Agreement.

          

          

          17.10.        Counterparts. To facilitate execution, this Purchase Agreement may be executed in as many counterparts as may be convenient or required. It shall not be
              necessary that the signature of, or on behalf of, each party, or that the signature of all persons required to bind any party, appear on each counterpart. All counterparts shall collectively constitute a single instrument. It shall not be
              necessary in making proof of this instrument to produce or account for more than a single counterpart containing the respective signatures of, or on behalf of, each of the parties hereto. Any signature page to any counterpart may be detached
              from such counterpart without impairing the legal effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to it additional signature pages.

          

          

          17.11.        Payments. Any payments required or permitted to be made by Purchaser to Seller under this Purchase Agreement shall be in the form of a federal funds wire
              transfer only.

          
            28

            
              
 

          

        

        17.12.        Time Zone. Every reference in this Purchase Agreement to a time of day shall be deemed to be a reference to the time of day in Las Vegas, Nevada.

        
          

          

          17.13.        No Presumption. All the parties hereto and their attorneys have had full opportunity to review and participate in the drafting of the final form of this
              Purchase Agreement, the Purchase Agreement and all documents attached as exhibits to either. Accordingly, such documents shall be construed without regard to any presumption or other rule of construction whereby any ambiguities within this
              Purchase Agreement would be construed or interpreted against the party causing the document to be drafted.

          

          

          17.14.        Notices. Any notices or other communication required or permitted under this Purchase Agreement shall be in writing, and shall be personally delivered, or
              sent by certified or registered United States mail, postage prepaid, return receipt requested, or sent by reputable national overnight courier delivery service with confirmation of delivery to the address of the party set forth in Section 2 of this Purchase Agreement. Such notice or communication shall be deemed given when delivered in person, when the notice is received or, in the
              case of mailed notice, forty-eight (48) hours following deposit in the United States mail. Notice of change of address shall be given by written notice in the manner detailed in this Section.

          

          

          17.15.        Survival and Benefit. All agreements, indemnifications and obligations of the parties which are intended to be performed in whole or in part after the
              Closing shall survive the Closing and the same shall inure to the benefit of, and be binding upon, the respective successors and permitted assigns of the parties. Notwithstanding the foregoing, the representations and warranties of the
              parties hereto set forth in this Purchase Agreement shall survive the Closing for a period of twelve (12) months only; provided, however, a party shall not have any liability or obligation with respect to any of its representations or
              warranties contained herein unless on or prior to a date which is not later than twelve (12) months following the Closing the other party shall have notified such party in writing setting forth specifically the representation or warranty
              allegedly breached, and a description of the alleged breach in reasonable detail. All liabilities and obligations of each party hereto under any representation or warranty shall lapse and be of no further force or effect with respect to any
              matters not contained in a written notice delivered as contemplated above on or prior to twelve (12) months following the Closing.

          

          

        

        
          [Signature Pages Follow.]

          
            29

            
              
 

          

        

      

    

  

  

  IN WITNESS WHEREOF, Purchaser and Seller have executed this Purchase Agreement as of the date first set forth above.
    
      

      

    

    	 	
            PURCHASER:

          
	 	 
	 	
            BRIGHTLINE HOLDINGS, LLC.,

          
	 	
            a Delaware limited liability company

          
	 	
            By:

          	 	 	
            /s/ Kolleen Cobb

          
	 	
            Name:

          	
            Kolleen Cobb

          
	 	
            Title:

          	 	
            Vice President

          

    
      

      

      [Signatures Continue on Following Page]

    

    
      
        
 

    

    
    	 	
            THARALDSON ETHANOL PLANT I, LLC,

          
	 	
            a Nevada limited liability company

          
	 	 
	 	
            By:

          	/s/ Gary Tharaldson
	 	
            Name:

          	
            Gary Tharaldson

          
	 	
            Its:

          	
            Manager

          
	 	 	 
	 	
            TMII SOUTH TECH, LLC,

          
	 	
            a Nevada limited liability company

          
	 	 
	 	
            By:

          	/s/ Gary Tharaldson 

          
	 	
            Name:

          	
            Gary Tharaldson

          
	 	
            Its:

          	
            Manager

          
	 	 	 
	 	
            C.Y. HERITAGE INN OF DAYTON, INC.,

          
	 	
            a Nevada corporation

          
	 	 
	 	
            By:

          	/s/ Gary Tharaldson 

          
	 	
            Name:

          	
            Gary Tharaldson

          
	 	
            Its:

          	
            President

          
	 	 	 
	 	
            4424 POLARIS AVENUE, LLC

          
	 	
            a Nevada limited liability company

          
	 	 
	 	
            By:

          	/s/ Gary Tharaldson  

          
	 	
            Name:

          	
            Gary Tharaldson

          
	 	
            Its:

          	
            President-Manager

          
	 	 	 
	 	
            C.Y. & R.I. HERITAGE INN OF PALMDALE, INC.

          
	 	
            a Nevada corporation

          
	 	 
	 	
            By:

          	/s/ Gary Tharaldson 
	 	
            Name:

          	
            Gary Tharaldson

          
	 	
            Its:

          	
            President

          

    
      31

      
        
 

    

    
     TITLE COMPANY ACKNOWLEDGEMENT

    
       

    

    The undersigned Title Company hereby accepts the foregoing Real Estate Purchase and Sale Agreement and agrees to
      act as Title Company under this Agreement in strict accordance with its terms. The Opening of Escrow occurred on September 17, 2018.

    
      

      

      First American Title Insurance Company

       

      
        	
                By:

              	
                /s/ Troy Lochhead

              
	
                Name:

              	
                Troy Lochhead

              
	
                Title:

              	
                VP Nevada Escrow Operations Manager

              

        

      

    

    

    

    
      Exhibit 1-A-1

      
        
 

    

  

   

  
    
      Exhibit “1-A”

       Legal Description of the TEP
            Owned Land

      

    

    
       

      THIS LEGAL DESCRIBES A PORTION OF LOT 1 AS SHOWN BY FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, THEREOF ON FILE RECORDED FEBRUARY
        13, 2014 AS INSTRUMENT NO.01881 OF OFFICIAL RECORDS, BOOK 146 OF PLATS, PAGE 46 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, LYING WITHIN THE NORTHWEST QUARTER (NW1/4) OF SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK
        COUNTY, NEVADA DESCRIBES AS FOLLOWS:

       

    

    
      LEGAL DESCRIPTION

       

    

    
      PARCEL 1:

      

    

    
       

      COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID POINT ALSO BEING THE
        CENTERLINE INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE), THENCE NORTH 60°03’40’ WEST ALONG THE WEST LINE OF SAID SOUTHEAST QUARTER (SE 1/4), SAID WEST LINE ALSO BEING THE
        CENTERLINE OF SAID POLARIS STREET 1329.40 FEET TO THE SOUTHWEST CORNER OF THE NORTHEAST QUARTER (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20; THENCE ALONG THE WEST LINE OF SAID NORTHEAST QUARTER (NE 1/4) NORTH 00°3’34” WEST, 613.67
        FEET TO THE POINT OF BEGINNING BEING A POINT ON THE NORTHERLY RIGHT-OF-WAY LINE OF SAID POLARIS STREET AS SHOWN AND DEDICATED ON SAID FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE
        46, SAID POINT BEING THE BEGINNING OF A NON-TANGENT CURVE HAVING A 50.00 FOOT RADIUS, A RADIAL LINE TO SAID POINT BEARS NORTH 00°03’34” WEST; THENCE DEPARTING SAID WEST LINE ALONG THE NORTHERLY AND WESTERLY RIGHT-OF-WAY LINES OF SAID POLARIS
        AVENUE, SAID NORTHERLY AND WESTERLY RIGHT-OF-WAY LINES BEING COINCIDENT WITH A WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46, THE FOLLOWING THREE (3) COURSES: 1) CURVING TO THE LEFT
        ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, THROUGH A CENTRAL ANGLE OF 136°11’13”, AN ARC LENGTH OF 118,85 FEET TO THE BEGINNING OF A TANGENT REVERSE CURVE HAVING A RADIUS OF 15.00 FEET, A RADIAL LINE THROUGH SAID POINT BEARS SOUTH
        43°45’13” WEST; 2) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 46°11’13”, AN ARC LENGTH OF

    

    
      Exhibit 1-A-1

      
        
 

    

    
       

      12.09 FEET; 3) THENCE SOUTH 00°03’34” EAST, 276.38 FEET TO THE NORTHEASTERLY CORNER OF LOT 2 AS SHOWN BY PARCEL MAP THEREOF ON FILE RECORDED JUNE 6, 1980 IN
        BOOK 1237 OF OFFICIAL RECORDS AS INSTRUMENT NO. 1196782, FILE 31 OF PARCEL MAPS, PAGE 55 IN THE CLARK COUNTY RECORDER’S. CLARK COUNTY, NEVADA; THENCE ALONG NORTHERLY LINE OF SAID LOT 2, SAID NORTHERLY LINE BEING COINCIDENT WITH A SOUTHERLY LINE OF
        SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46, NORTH 89o20’15” WEST, 199.40 FEET TO THE NORTHWESTERLY CORNER OF SAID LOT 2 BEING A POINT ON THE EASTERLY LINE OF THAT PARCEL OF LAND AS DESCRIBED IN THAT
        CERTAIN CLARK COUNTY TREASURER TRUSTEE DEED THEREOF ON FILE RECORDED JANUARY 30, 1995 IN BOOK 19950130 OF OFFICIAL RECORDS AS INSTRUMENT NO. 00472 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA; THENCE ALONG SAID EASTERLY LINE, SAID
        EASTERLY LINE BEING COINCIDENT WITH THE WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46, NORTH 27°59’07” EAST, 487.89 FEET TO A POINT ON THE AFOREMENTIONED WEST OF THE NORTHEAST QUARTER
        (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20; THENCE DEPARTING SAID EASTERLY LINE ALONG SAID EAST LINE SOUTH 00°03’34 EAST, 59.82 FEET TO THE POINT OF BEGINNING.

      

    

    
       

      CONTAINING 37.485 SQUARE FEET / 0.86 ACRES.

       

      PARCEL 2:

      

    

    
       

      COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SAID POINT ALSO BEING THE CENTERLINE
        INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE); THENCE ALONG THE SOUTH LINE OF SAID SOUTHEAST QUARTER (SE 1/4), SAID SOUTH LINE ALSO BEING THE CENTERLINE OF SAID HARMON AVENUE,
        SOUTH 89o04’32” WEST, 645.58 FEET TO THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
        SECTION 20, SAID SOUTHWEST CORNER ALSO BEING THE CENTERLINE INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND ALDEBARAN AVENUE

       

      
        Exhibit 1-A-2

        
          
 

      

       

    

    
      (PUBLIC STREET - VARYING WIDTH); THENCE DEPARTING SAID SOUTH LINE NORTH 00°30’44” EAST ALONG THE WEST LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID
        SECTION 20, SAID WEST LINE ALSO BEING THE CENTERLINE OF SAID ALDEBARAN AVENUE, 455.34 FEET TO A POINT ON THE WESTERLY EXTENSION OF A SOUTHERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION; THENCE ALONG SAID WESTERLY
        EXTENSION SOUTH 89o28’06” EAST, 30.00 FEET TO A POINT ON THE EASTERLY LINE OF ALDEBARAN AVENUE, SAID EASTERLY RIGHT-OF-WAY LINE ALSO BEING A WESTERLY LINE OF SAID LOT
        1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION AND THE BEGINNING OF A NON-TANGENT CURVE HAVING A RADIUS OF 14.50 FEET, A RADIAL LINE TO SAID POINT BEARS NORTH 89°29’16” WEST; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY LINE AND WESTERLY LINE THE
        FOLLOWING THREE (3) COURSES: 1) CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, THROUGH A CENTRAL ANGLE OF 42c07’35”, AN ARC LENGTH OF 10.66
        FEET TO THE BEGINNING OF A TANGENT REVERSE CURVE HAVING A RADIUS OF 45.50 FEET, A RADIAL LINE THROUGH SAID POINT BEARS NORTH 47°21’41” WEST; 2) THENCE CURVING TO THE
        LEFT ALONG THE ARC OF SAID CURVE. CONCAVE WESTERLY, THROUGH A CENTRAL ANGLE OF 90°52’36”, AN ARC LENGTH OF 72.17 FEET TO AN ANGLE POINT THEREIN TO WHICH A RADIAL LINE BEARS NORTH 41°45’43” EAST; 3) THENCE NORTH 00°30’44” EAST 45.57 FEET TO THE POINT OF BEGINNING; THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY LINE SOUTH 89°28’32” EAST, 147.00 FEET; THENCE PARALLEL WITH THE AFOREMENTIONED WEST LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER
        (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SOUTH 00°30’44” WEST, 120.05 FEET TO THE BEGINNING OF A NON-TANGENT CURVE HAVING A RADIUS OF 120.00 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 00°31’54 WEST, SAID POINT BEING THE
        CORNER COMMON TO LOTS 6 AND 7 AS SHOWN BY FINAL MAP OF INTERSTATE INDUSTRIAL PARK THEREOF ON FILE RECORDED MAY 7,1984 IN BOOK 1917 OF OFFICIAL RECORDS AS INSTRUMENT NO. 1876748, BOOK 31 OF PLATS, PAGE 61 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK
        COUNTY, NEVADA; THENCE ALONG THE NORTH LINES OF SAID LOT 7 AND LOTS 8 AND 9 OF SAID FINAL MAP OF INTERSTATE INDUSTRIAL PARK, BOOK 31 OF PLATS, PAGE 61, SAID NORTHERLY LINE BEING COINCIDENT WITH A SOUTHERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY
        VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46, THE FOLLOWING THREE (3) COURSES;1) CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE, CONCAVE

    

    
      Exhibit 1-A-3

      
        
 

    

     

    
      NORTHWESTERLY, THROUGH A CENTRAL ANGLE OF 14°23’58” AN ARC LENGTH OF 30.16 FEET TO THE BEGINNING OF A TANGENT REVERSE CURVE TO THE RIGHT HAVING A RADIUS OF 120.00 FEET, A RADIAL LINE THROUGH SAID POINT BEARS SOUTH
        13°52’04” EAST; 2) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, THROUGH A CENTRAL ANGLE OF 14°47’09”, AN ARC LENGTH OF 30.97 FEET; 3) THENCE SOUTH 89°04’55” EAST, 352.61 FEET TO A POINT ON THE WESTERLY
        RIGHT-OF-WAY LINE OF DEAN MARTIN DRIVE (PUBLIC STREET - VARYING WIDTH - FORMERLY INDUSTRIAL ROAD) AS SHOWN ON AND DEDICATED BY SAID FINAL MAP OF INTERSTATE INDUSTRIAL PARK, BOOK 31 OF PLATS, PAGE 61; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY LINE,
        SAID WESTERLY RIGHT-OF-WAY LINE BEING COINCIDENT WITH THE EASTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46 THE FOLLOWING THREE (3) COURSES: 1) NORTH 01°05’22” EAST, 203.05 FEET TO AN ANGLE
        POINT THEREIN BEING A POINT ON THE NORTH LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20; 2) THENCE ALONG SAID NORTH LINE SOUTH 89°12’47” EAST, 7.25 FEET TO AN ANGLE
        POINT IN SAID WESTERLY RIGHT-OF-WAY LINE; 3) THENCE ALONG SAID WESTERLY RIGHT-OF-WAY LINE NORTH 02°21’56” WEST, 1.00 FEET TO AN ANGLE POINT THEREIN BEING A POINT ON THE NORTH LINE OF THE SOUTHERLY 1.00 FEET OF THE NORTHWEST QUARTER (NW 1/4) OF THE
        SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20; THENCE ALONG SAID NORTHERLY LINE AND WESTERLY EXTENSION THEREOF NORTH 89°12’47” WEST, 599.35 FEET TO A POINT ON THE WEST LINE OF THE NORTHWEST QUARTER (NW 1/4) OF THE
        SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID POINT BEING AN ANGLE POINT IN THE EASTERLY RIGHT-OF-WAY LINE OF AFOREMENTIONED ALDEBARAN AVENUE (PUBLIC STREET - VARYING WIDTH); THENCE ALONG SAID EASTERLY
        RIGHT-OF-WAY LINE, SAIC EASTERLY RIGHT-OF-WAY LINE BEING COINCIDENT WITH A WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS PAGE 46, THE FOLLOWING THREE (3) COURSES: 1) THENCE ALONG SAID WEST LINE
        SOUTH 00°30’44” WEST, 1.00 FEET TO THE NORTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20; 2) THENCE ALONG THE NORTH LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF
        THE SOUTHEAST QUARTER (SE 1/4) OF THE

    

    
       

      
        Exhibit 1-A-4

        
          
 

      

       

      NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SOUTH 89°12’47” EAST, 30.00 FEET; THENCE SOUTH 00°30’44” WEST, 90.68 FEET TO THE POINT OF BEGINNING.

      

    

    
       

      CONTAINING 98.011 SQUARE FEET / 2.25 ACRES.

       

    

    
      PARCEL 3:

      

    

    
       

      COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID POINT ALSO BEING THE
        CENTERLINE INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE), THENCE NORTH 00°03’40” WEST ALONG THE WEST LINE OF SAID SOUTHEAST QUARTER (SE 1/4), SAID WEST LINE ALSO BEING THE
        CENTERLINE OF SAID POLARIS STREET, 860.13 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 860.00 FEET OF SAID SOUTHEAST QUARTER (SE 1/4); THENCE DEPARTING SAID WEST LINE AND CENTERLINE ALONG SAID NORTH LINE SOUTH 89°04’32” EAST, 30.00 FEET TO A
        POINT ON THE EAST RIGHT-OF-WAY LINE OF SAID POLARIS STREET AND THE POINT OF BEGINNING; THENCE ALONG THE EASTERLY RIGHT-OF-WAY LINE OF SAID POLARIS STREET, SAID EASTERLY RIGHT-OF-WAY LINE BEING COINCIDENT
        WITH A WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46, THE FOLLOWING FOUR (4) COURSES; 1) NORTH 00°03’40 WEST, 469.79 FEET TO AN ANGLE POINT THEREIN; 2) THENCE NORTH 00°03’34” WEST,
        516.77 FEET TO THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 15.00 FEET; 3) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, THROUGH A CENTRAL ANGLE OF 46°11’13”, AN ARC LENGTH OF 12.09 FEET TO THE
        BEGINNING OF A TANGENT REVERSE CURVE HAVING A RADIUS OF 50.00 FEET, A RADIAL LINE THROUGH SAID POINT BEARS NORTH 43°52’21” WEST; 4) THENCE CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 99°18’42,
        AN ARC LENGTH OF 86.67 FEET TO A POINT ON THE EAST LINE OF THE WEST 30.00 FEET OF THE NORTHEAST QUARTER (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20; THENCE ALONG SAID EAST LINE NORTH 00°03’34” WEST, 30.56 FEET; THENCE DEPARTING
        SAID EAST LINE SOUTH 89°25’56” EAST, 199.95 FEET TO A POINT ON THE SOUTHERLY EXTENSION OF THE WESTERLY LINE OF THAT PARCEL OF LAND AS DESCRIBED IN THAT CERTAIN GRANT, BARGAIN, SALE DEED TO COUNTY OF CLARK

      
        Exhibit 1-A-5

        
          
 

      

       

    

    
      THEREOF RECORDED SEPTEMBER 15,1994 IN BOOK 19940915 OF OFFICIAL RECORDS AS INSTRUMENT NO. 00286 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA;
        THENCE ALONG SAID SOUTHERLY EXTENSION, PARALLEL WITH THE WEST LINE OF SAID NORTHEAST QUARTER (NE 1/4) NORTH 00°03’34” WEST, 30.00 FEET TO THE SOUTHWEST CORNER OF SAID PARCEL OF LAND OF RIGHT-OF-WAY OF HOTEL RIO DRIVE AS DESCRIBED IN SAID GRANT,
        BARGAIN, SALE DEED TO COUNTY OF CLARK, BOOK 19940915 OF OFFICIAL RECORDS, INSTRUMENT NO. 00286, SAID SOUTHWEST CORNER BEING A POINT ON SOUTHERLY RIGHT-OF-WAY LINE OF SAID HOTEL RIO DRIVE, SOUTH SOUTHERLY RIGHT-OF-WAY LINE BEING COINCIDENT WITH THE
        NORTHERLY LINE OF SAID LOT 1 OF FINAL MAP OF CfTY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46; THENCE ALONG SAID SOUTHERLY RIGHT-WAY LINE AND NORTHERLY LINE THE FOLLOWING FIVE (5) COURSES: 1) SOUTH 89°28’46 EAST, 21.25 FEET TO THE
        BEGINNING OF A NON-TANGENT CURVE HAVING A RADIUS OF 375.50 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 40°40’04” WEST; 2) THENCE CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE, CONCAVE NORTHEASTERLY, THROUGH A CENTRAL ANGLE OF 53°24’08”, AN ARC
        LENGTH OF 349.98 FEET; 3) THENCE NORTH 77°15’56” EAST, 4.79 FEET TO THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 19.00 FEET; 4) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHERLY, THROUGH A CENTRAL ANGLE
        OF 83°23’10”, AN ARC LENGTH OF 27.65 FEET TO A POINT TO WHICH A RADIAL LINE BEARS NORTH 70°39’06” EAST; 5) THENCE ALONG THE EASTERLY EXTENSION OF SAID RADIAL LINE NORTH 70°39’06” EAST, 6.00 FEET TO A POINT ON THE WESTERLY RIGHT-OF-WAY LINE OF DEAN
        MARTIN DRIVE (PUBLIC STREET - VARYING WIDTH - FORMERLY INDUSTRIAL ROAD) AS DESCRIBED IN THAT CERTAIN QUITCLAIM DEED TO COUNTY OF CLARK RECORDED OCTOBER 24, 1995 IN BOOK 19951024 OF OFFICIAL RECORDS AS INSTRUMENT NO. 01570 IN THE CLARK COUNTY
        RECORDER’S OFFICE, CLARK COUNTY, NEVADA, SAID WESTERLY RIGHT-OF-WAY LINE ALSO BEING THE MOST EASTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46, SAID POINT BEING THE BEGINNING OF A
        NON-TANGENT CURVE HAVING A RADIUS OF 535.00 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 70°39’06” WEST; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY LINE AND MOST EASTERLY LINE CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE CONCAVE NORTHEASTERLY,
        THROUGH A CENTRAL ANGLE OF 12°58’10”, AN ARC LENGTH OF 121.10 FEET TO A POINT ON THE EAST LINE OF THE SOUTHWEST QUARTER (SW 1/4) OF THE NORTHEAST QUARTER (NE 1/4) OF THE NORTHWEST

       

    

    
      Exhibit 1-A-6

      
        
 

    

     

    
      QUARTER (NW 1/4) OF SAID SECTION 20, A RADIAL LINE TO SAID POINT BEARS SOUTH 57°40’56” WEST; THENCE ALONG THE EAST LINE OF SAID SOUTHWEST QUARTER (SW 1/4) OF THE NORTHEAST
        QUARTER (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SOUTH 00°31’06” WEST, 468.01 FEET TO THE NORTHEAST CORNER OF THAT PARCEL OF LAND AS DESCRIBED IN THAT CERTAIN GRANT DEED TO CLARK COUNTY, NEVADA RECORDED FEBRUARY 23, 1971 IN
        BOOK 103 OF OFFICIAL RECORDS AS INSTRUMENT NO. 82199 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, SAID POINT BEING AN ANGLE POINT IN A SOUTHERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF
        PLATS, PAGE 46; THENCE DEPARTING SAID EAST LINE ALONG THE NORTHERLY AND EASTERLY LINES OF SAID PARCEL AND SAID SOUTHERLY LINE OF LOT 1 THE FOLLOWING THREE (3) COURSES: 1) NORTH 69°34’31” WEST, 30.00 FEET TO A POINT ON THE WEST LINE OF THE EAST
        30.00 FEET OF SAID SOUTHWEST QUARTER (SW1/4) OF THE NORTHEAST QUARTER (NE1/4) OF THE NORTHWEST QUARTER (NW1/4) OF SAID SECTION 20; 2) THENCE ALONG SAID WEST LINE SOUTH 00°31’06” WEST, 2.42 FEET TO AN ANGLE POINT THEREIN; 3) THENCE SOUTH 00°30’44”
        WEST, 472.03 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 860.00 FEET OF THE SOUTHEAST QUARTER (SE1/4) OF THE NORTHWEST QUARTER (NW1/4) OF SAID SECTION 20; THENCE DEPARTING SAID WEST LINE ALONG SAID NORTH LINE NORTH 89°04’32 WEST, 594.19 FEET TO
        THE POINT OF BEGINNING.

      

    

    
       

      CONTAINING 661,771 SQUARE FEET /15.19 ACRES .

      

    

    
       

      BASIS OF BEARINGS

      

    

    
       

      NORTH 01°05’2” EAST, BEING THE EAST LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF
        SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., AS SHOWN BY FINAL MAP OF INTERSTATE INDUSTRIAL PARK THEREOF ON FILE RECORDED MAY 7, 1984 IN BOOK 1917 OF OFFICIAL RECORDS AS INSTRUMENT NO. 1876748, BOOK 31 OF PLATS, PAGE 61 IN THE CLARK COUNTY
        RECORDER’S OFFICE. CLARK COUNTY, NEVADA.

       

      
        Exhibit 1-A-7

        
          
 

      

      
       

    

    
      Exhibit “1-B”

      Legal Description of the
            Palmdale Land

      

    

    
       

      Legal Description (Survey Area 1)

      

    

    
       

      THIS LEGAL DESCRIBES A PORTION OF LOT 1 AS SHOWN BY FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, THEREOF ON FILE RECOROED February
        13, 2014 AS INSTRUMENT NO. 01881 OF OFFICIAL RECORDS, BOOK 146 OF PLATS, PAGE 46 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK
        COUNTY, NEVADA DESCRIBED AS FOLLOWS;

      

    

    
       

      COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID POINT ALSO BEING THE
        CENTERLINE INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE), THENCE NORTH 00°03’40” WEST ALONG THE WEST LINE OF SAID SOUTHEAST QUARTER (SE 1/4), SAID WEST LINE ALSO BEING THE
        CENTERLINE OF SAID POLARIS STREET, 664.10 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 664.00 FEET OF SAID SOUTHEAST QUARTER (SE 1/4); THENCE DEPARTING SAID WEST LINE AND CENTERLINE ALONG SAID NORTH LINE SOUTH 89°04’32” WEST, 30.00 FEET TO A
        POINT ON THE EAST RIGHT-OF-WAY LINE OF SAID POLARIS STREET AND THE SOUTH EAST CORNER OF THAT PARCEL OF LAND DESCRIBED IN THAT CERTAIN GRANT, BARGAIN, SALE DEED TO CLARK COUNTY RECORDED MARCH 7,1978 IN BOOK 856 OF OFFICIAL RECORDS AS INSTRUMENT NO.
        815220 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA AND THE POINT OF BEGINNING; THENCE NORTH 00°03’40” WEST ALONG SAID EASTERLY RIGHT-OF-WAY LINE, SAID EASTERLY RIGHT-OF-WAY LINE ALSO BEING A WESTERLY LINE OF SAID LOT 1 OF FINAL MAP
        OF CITY VIEW, A COMMERCIAL SUBDIVISION, 196.03 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 860.00 FEET OF SAID SOUTHEAST QUARTER (SE 1/4); THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY LINE AND SAID WEST LINE ALONG SAID NORTHERLY LINE SOUTH
        89°04’32” EAST, 594.19 FEET TO A POINT ON THE WESTERLY RIGHT-OF-WAY LINE OF ALDEBARAN AVENUE (PUBLIC STREET - VARYING WIDTH), SAID WESTERLY RIGHT-OF-WAY LINE ALSO BEING A EASTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL
        SUBDIVISION; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY LINE AND EASTERLY LINE THE FOLLOWING FOUR (4) COURSES: 1) SOUTH 00°30’44” WEST 330.45 FEET TO THE BEGINNING A NON-TANGENT CURVE HAVING A RADIUS OF 45.50, A RADIAL LINE TO SAID POINT BEARS NORTH
        40°44’15” WEST; 2) THENCE CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE, CONCAVE EASTERLY, THROUGH A CENTRAL ANGLE OF 90°52’37”, AN ARC LENGTH OF 72.17 FEET TO THE BEGINNING OF A TANGENT REVERSE CURVE HAVING A RADIUS OF 14.50 FEET, A RADIAL

       

      

      

      
        Exhibit 1-B-1

        
          
 

      

    

    
       

    

    
      LINE THROUGH SAID POINT BEARS SOUTH 48°23’09” WEST; 3) THENCE CURVING TO THE RIGHT ALONG SAID CURVE, CONCAVE
        SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 42°07’35”, AN ARC LENGTH OF 10.66 FEET; 4) THENCE SOUTH 00°30’44” WEST, 103.18 FEET TO A SOUTHEAST CORNER OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, SAID POINT ALSO BEING THE
        NORTHEAST CORNER OF PARCEL 1 AS SHOWN BY PARCEL MAP THEREOF ON FILE RECORDED JUNE 11, 2003 IN BOOK 20030611 OF OFFICIAL RECORDS AS INSTRUMENT NO. 03055, FILE 105 OF PARCEL MAPS, PAGE 5 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA;
        THENCE DEPARTING SAID WESTERLY RIGHT-OF-WAY LINE, NORTH 89°04’11” WEST ALONG A SOUTHERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, SAID SOUTHERLY LINE ALSO BEING THE NORTHERLY LINE OF SAID PARCEL 1 OF FILE 105 OF
        PARCEL MAPS, PAGE 5, A DISTANCE OF 296.31 FEET TO A POINT ON THE EAST LINE OF THE WEST 322.75 FEET OF SAID SOUTHEAST QUARTER (SE 1/4); THENCE DEPARTING SAID SOUTHERLY AND NORTHERLY LINE NORTH 00°03’40” WEST, 312.09 FEET TO A POINT ON THE NORTH LINE
        OF THE SOUTH 664.00 FEET OF SAID SOUTHEAST QUARTER (SE 1/4); THENCE ALONG SAID NORTH LINE, NORTH 89°04’32” WEST, 292.79 FEET TO THE POINT OF BEGINNING.

      

    

    
       

      CONTAINING 208,482 SQUARE FEET OR 4.79 ACRES.

       

      Legal Description (Survey Area 2)

      

    

    
       

      THIS LEGAL DESCRIBES A PORTION OF LOT 1 AS SHOWN BY FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, THEREOF ON FILE RECORDED FEBRUARY
        13, 2014 AS INSTRUMENT NO. 01881 OF OFFICIAL RECORDS, BOOK 146 OF PLATS, PAGE 46 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK
        COUNTY, NEVADA DESCRIBED AS FOLLOWS:

      

    

    
       

      COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SAID POINT ALSO BEING THE CENTERLINE
        INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE); THENCE ALONG THE SOUTH LINE OF SAID SOUTHEAST QUARTER (SE 1/4), SAID SOUTH LINE ALSO BEING THE CENTERLINE OF SAID HARMON AVENUE,
        SOUTH 89°04’32”’ EAST, 645.58 FEET TO THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID SOUTHWEST CORNER ALSO BEING THE CENTERLINE

      

    

    
      

      

      
        Exhibit 1-B-2

        
          
 

      

       

    

    
      INTERSECTION OF HARMON AVENUE (PUBLIC STREET- VARYING WIDTH) AND ALDEBARAN AVENUE (PUBLIC STREET - VARYING WIDTH); THENCE DEPARTING SAID SOUTH LINE NORTH
        00°30’44” EAST ALONG THE WEST LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID WEST LINE ALSO BEING THE CENTELINE OF SAID ALDEBARAN AVENUE, 455.34 FEET TO A POINT ON
        THE WESTERLY EXTENSION OF A SOUTHERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION; THENCE ALONG SAID WESTERLY EXTENSION S0UTH 89°28’06” EAST, 30.00 FEET TO A POINT ON THE EASTERLY LINE OF ALDEBARAN AVENUE AND THE POINT OF
        BEGINNING, SAID EASTERLY RJGHT-OF-WAY LINE ALSO BEING A WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION AND THE BEGINNING OF A NON-TANGENT CURVE HAVING A RADIUS OF 14,50 FEET, A RADIAL LINE TO SAID POINT BEARS NORTH
        89°29’16” WEST; THENCE ALONG SAID EASTERLY RIGHT-OF-WAY LINE AND WESTERLY LINE THE FOLLOWING THREE (3) COURSES: 1) CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, THROUGH A CENTRAL ANGLE OF 42°07’35”, AN ARC LENGTH OF 10.66
        FEET TO THE BEGINNING OF A TANGENT REVERSE CURVE HAVING A RADIUS OF 45.50 FEET, A RADIAL LINE THROUGH SAID POINT BEARS NORTH 47°21’41” WEST; 2) THENCE CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE
        OF 90°52’37”, AN ARC LENGTH OF 72.17 FEET TO AN ANGLE POINT THEREIN TO WHICH A RADIAL LINE BEARS NORTH 41°45’43” EAST; 3) THENCE NORTH 00°30’44” EAST 45.57 FEET; THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY LINE AND WESTERLY LINE SOUTH 89°28’32”
        EAST, 147,00 FEET; THENCE PARALLEL TO THE WEST LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SOUTH 00°30’44” WEST, 120.05 FEET TO A POINT ON A SOUTHERLY LINE OF SAID
        LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION SAID POINT ALSO BEING THE NORTHWEST CORNER OF LOT 6 AS SHOWN BY FINAL MAP OF INTERSTATE INDUSTRIAL PARK THEREOF ON FILE RECORDED MAY 7,1984 IN BOOK 1917 OF OFFICIAL RECORDS AS INSTRUMENT NO.
        1876748, BOOK 31 OF PLATS, PAGE 61 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA; THENCE ALONG SAID SOUTHERLY LINE, SAID SOUTHERLY LINE ALSO BEING THE NORTHERLY LINE OF SAID LOT 6, NORTH 89°28’06” WEST, 147.00 FEET TO THE POINT OF
        BEGINNING.

       

      CONTAINING 16,907 SQUARE FEET OR 0.39 ACRES.

       

      
        Exhibit 1-B-3

        
          
 

      

    

     

    
      Legal Description (Survey Area 3)

      

    

    
       

      THIS LEGAL DESCRIBES A PORTION OF LOT 1 AS SHOWN BY FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, THEREOF ON FILE RECORDED FEBRUARY
        13, 2014 AS INSTRUMENT NO. 01881 OF OFFICIAL RECORDS, BOOK 146 OF PLATS, PAGE 46 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK
        COUNTY, NEVADA DESCRIBED AS FOLLOWS:

      

    

    
       

      COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SAID POINT ALSO BEING THE CENTELINE
        INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE); THENCE ALONG SOUTH LINE OF SAID SOUTHEAST QUARTER (SE 1/4), SAID SOUTH LINE ALSO BEING THE CENTERLINE OF SAID HARMON AVENUE, SOUTH
        89°04’32” EAST, 645.58 TO THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID SOUTHWEST CORNER ALSO BEING THE CENTERLINE INTERSECTION OF HARMON AVENUE
        (PUBLIC STREET - VARYING WIDTH) AND ALDEBARAN AVENUE (PUBLIC STREET -VARYING WIDTH); THENCE DEPARTING SAID SOUTH LINE NORTH 00°30’44” EAST ALONG THE WEST LINE OF THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE SOUTHEAST QUARTER (SE
        1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20, SAID WEST LINE ALSO BEING THE CENTERLINE OF SAID ALDEBARAN AVENUE, 666.18 FEET TO THE SOUTHWEST CORNER OF THE NORTHEAST QUARTER (NE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST
        QUARTER (NW 1/4) OF SAID SECTION 20 SAID POINT BEING AN ANGLE POINT IN A WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION; THENCE ALONG SAID WESTERLY LINE THE FOLLOWING SEVEN (7) COURSES: 1) CONTINUING NORTH 00°30’44”
        EAST ALONG THE WEST LINE OF SAID NORTHEAST QUARTER (NE 1/4), 1.00 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 1.00 FEET OF THE NORTHEAST QUARTER (NE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SAID
        POINT BEING THE SOUTHWEST CORNER OF THAT PARCEL OF LAND DESCRIBED IN THAT CERTAIN GRANT, BARGAIN, SALE DEED TO CLARK COUNTY RECORDED NOVEMBER 19,1986 IN BOOK 861119 OF OFFICIAL RECORDS AS INSTRUMENT NO.

      
        Exhibit 1-B-4

        
          
 

      

       

    

    
      00554 IN THE CLARK COUNTS RECORDER’S OFFICE, CLARK COUNTY, NEVADA; THENCE ALONG THE SOUTHERLY, EASTERLY AND NORTHERLY LINES OF SAID PARCELTHE FOLLOWING FOUR
        (4): 2) & 1) THENCE DEPARTING SAID WEST LINE ALONG SAID NORTH LINE OF SOUTH 1.00 FEET SOUTH 89°12’47” EAST, 30.00 FEET TO THE POINT OF BEGINNING; 3) & 2) THENCE DEPARTING SAID NORTH LINE NORTH 00°30’44” EAST, 228.96 FEET TO THE BEGINNING OF
        A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 25.00 FEET; 4) & 3) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHEASTERLY, THROUGH A CENTRAL ANGLE OF 46°34’03”, AN ARC LENGTH OF 20.32 FEET TO THE BEGINNING OF A TANGENT
        REVERSE CURVE HAVING A RADIUS OF 55.00 FEET A RADIAL LINE THROUGH SAID POINT BEARS NORTH 42°55’13” WEST; 5) & 4) CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 136°34’03”, AND ARC LENGTH OF
        131.10 FEET TO A POINT ON THE AFOREMENTIONED WEST LINE OF THE NORTHEAST QUARTER (NE 1/4) OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4} OF SAID SECTION 20 SAID WEST LINE ALSO BEING THE EASTERLY RIGHT-OF-WAY LINE OF SAID
        ALDEBARAN AVENUE; 6) THENCE ALONG SAID WEST LINE NORTH 00°30’44” EAST, 323.20 FEET TO THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHEAST QUARTER (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4} OF SAID SECTION 20; 7) THENCE ALONG THE
        WEST LINE OF SAID SOUTHEAST QUARTER (SE 1/4) OF THE NORTHEAST QUARTER (NE 1/4} OF THE NORTHWEST QUARTER (NW 1/4} OF SAID SECTION 20 NORTH 00°31’06” EAST, 2.44 FEET TO THE NORTHEAST CORNER OF THAT PARCEL OF LAND AS DESCRIBED IN THAT CERTAIN GRANT
        DEED TO CLARK COUNTY, NEVADA RECORDED FEBRUARY 23,1971 IN BOOK 103 OF OFFICIAL RECORDS AS INSTRUMENT NO. 82199 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA; THENCE CONTINUING ALONG SAID WEST LINE NORTH 00o31’06” EAST, 458.89 FEET TO A POINT ON THE WESTERLY RIGHT-OF-WAY LINE OF DEAN MARTIN DR (FORMERLY INDUSTRIAL ROAD) (PUBLIC STREET - VARYING WIDTH), SAID WESTERLY RIGHT-OF-WAY LINE ALSO BEING
        THE EASTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, AND THE BEGINNING OF A NON-TANGENT CURVE HAVING A RADIUS OF 540.00 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 56°52’08” WEST, SAID WESTERLY RIGHT-OF-WAY LINE AS
        SHOWN BY PARCEL MAP THEREOF ON RLE RECORDED APRIL 30,1990 IN BOOK 930430 OF OFFICIAL RECORDS AS INSTRUMENT NO. 01302 IN FILE 75 OF PARCEL MAPS, PAGE 63 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA; THENCE ALONG SAID WESTERLY
        RIGHT-OF-WAY LINE AND EASTERLY LINE CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE, CONCAVE NORTHEASTERLY, THROUGH A CENTRAL ANGLE OF 17°43’50”, AN ARC LENGTH OF 167.11 FEET; THENCE CONTINUING ALONG SAID WESTERLY

      
        Exhibit 1-B-5

        
          
 

      

    

    
       

    

    
      RIGHT-OF-WAY LINE AND EASTERLY LINE SOUTH 50°51’42” EAST, 97.09” TO THE MOST NORTHERLY CORNER OF LOT 2 AS SHOWN BY SAID FILE 75 OF PARCEL MAPS, PAGE 63; THENCE ALONG THE WESTERLY AND SOUTHERLY LINES OF SAID LOT 2, SAID
        WESTERLY AND SOUTHERLY LINES ALSO BEING COINCIDENT WITH THE EASTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, THE FOLLOWING FIVE (5) COURSES: 1) SOUTH 39°08’18” WEST, 35,00 FEET TO AN ANGLE POINT THEREIN; 2) THENCE
        SOUTH 50°50’14” EAST, 30.12 FEET TO AN ANGLE POINT THEREIN; 3) THENCE SOUTH 00°31’31” WEST, 255.13 FEET TO AN ANGLE POINT THEREIN; 4) THENCE SOUTH 89°29’39” EAST, 198.67 FEET TO AN ANGLE POINT THEREIN; 5) THENCE NORTH 38°29’40” EAST, 55.97 FEET TO
        A POINT ON THE AFOREMENTIONED WESTERLY RIGHT-OF-WAY LINE OF SAID DEAN MARTIN DRIVE AS DESCRIBED BY THAT CERTAIN GRANT OF EASEMENT TO THE COUNTY OF CLARK RECORDED NOVEMBER 19,1986 IN BOOK 861119 OF OFFICIAL RECORDS AS INSTRUMENT NO. 00550 IN THE
        CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, SAID WESTERLY RIGHT-OF-WAY LINE ALSO BEING THE EASTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY LINE AND EASTERLY LINE THE
        FOLLOWING TEN (10) COURSES: 1) SOUTH 51°20’2O” EAST, 31.54 FEET TO THE BEGINNING OF A NON-TANGENT CURVE HAVING A RADIUS OF 15.00 FEET, A RADIAL LINE TO SAID POINT BEARS NORTH 51°20’20” WEST; 2) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID
        CURVE, CONCAVE SOUTHEASTERLY, THROUGH A CENTRAL ANGLE OF 10°03’47”, AN ARC LENGTH OF 2.63 FEET; 3) THENCE NORTH 48°43’27” EAST, 10.43 FEET TO THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 22.54 FEET; 4) THENCE CURVING TO THE
        RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHERLY, THROUGH A CENTRAL ANGLE OF 90°02’30”, AN ARC LENGTH OF 35.42 FEET TO THE BEGINNING OF A TANGENT COMPOUND CURVE HAVING A RADIUS OF 195.00 FEET, A RADIAL LINE TO SAID POINT BEARS NORTH 48°45’56”
        EAST; 5) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 15°10’52”, AND ARC LENGTH OF 51.67 FEET TO THE BEGINNING OF A TANGENT COMPOUND CURVE HAVING A RADIUS OF 465.00 FEET, A RADIAL LINE
        TO SAID POINT BEARS NORTH 63°56’48” EAST, SAID POINT LYING ON THE WESTERLY RIGHT-OF-WAY LINE OF SAID DEAN MARTIN DRIVE AS DESCRIBED IN THAT CERTAIN QUITCLAIM DEED TO COUNTY OF CLARK RECORDED OCTOBER 24,1995 IN BOOK 19951024 OF OFFICIAL RECORDS AS
        INSTRUMENT NO. 01570 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA; 6) THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 23°42’15”, AN ARC LENGTH OF 192.38 FEET; 7) THENCE SOUTH
        02°20’57” EAST, 34.45 FEET TO AN ANGLE POINT THEREIN; 8)  

    

    
      Exhibit 1-B-6

      
        
 

    

     

    
      THENCE NORTH 87°39’16” EAST, 0.16 FEET TO THE NORTHWEST CORNER OF THAT PARCEL OF LAND AS DESCRIBED IN THAT CERTAIN GRANT, BARGAIN, SALE DEED TO COUNTY OF CLARK RECORDED APRIL 12,1996 IN BOOK 19960412
        OF OFFICIAL RECORDS AS INSTRUMENT NO. 00574 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA; 9) THENCE SOUTH 02°43’18” EAST, 383.08 FEET TO THE BEGINNING OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 1000.00 FEET; 10) THENCE
        CURVING TO THE RIGHT ALONG THE ARC OF SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 01°50’19”, AN ARC LENGTH OF 32,09 FEET TO A POINT ON THE AFOREMENTIONED NORTH LINE OF THE SOUTH 1.00 FEET OF THE NORTHEAST QUARTER (NE 1/4) OF THE
        SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 TO WHICH A RADIAL LINE BEARS NORTH 89°07’01” EAST; THENCE DEPARTING SAID WESTERLY RIGHT-OF-WAY LINE AND EASTERLY LINE NORTH 89°12’47” WEST, 561.67 FEET TO THE POINT OF
        BEGINNING.

      

    

    
       

      CONTAINING 430,122 SQUARE FEET / 9.87 ACRES.

       

    

    
      BASIS OF BEARINGS

      

    

    
       

      NORTH 01°05’22” EAST, BEING THE EAST LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION 20, TOWNSHIP 21
        SOUTH, RANGE 61 EAST, M.D.M., AS SHOWN BY FINAL MAP OF INTERSTATE INDUSTRIAL PARK THEREOF ON FILE RECORDED MAY 7,1984 IN BOOK 1917 OF OFFICIAL RECORDS AS INSTRUMENT NO. 1876748, BOOK 31 OF PLATS, PAGE 61 IN THE CLARK COUNTY RECORDERS OFFICE, CLARK
        COUNTY, NEVADA.

       

      
        Exhibit 1-B-7

        
          
 

      

      
      Exhibit “1-C”

    

    
      Legal Description of the 4424 Polaris Land

      

    

    
       

      THIS LEGAL DESCRIBES A PORTION OF LOT 1 AS SHOWN BY FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, THEREOF ON FILE RECORDED FEBRUARY
        13, 2014 AS INSTRUMENT NO. 01881 OF OFFICIAL RECORDS, BOOK 146 OF PLATS, PAGE 46 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK
        COUNTY, NEVADA DESCRIBED AS FOLLOWS:

       

    

    
      LEGAL DESCRIPTION

      

    

    
       

      COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20 SAID POINT ALSO BEING THE CENTERLINE
        INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE); THENCE NORTH 00°03’40” WEST ALONG THE WEST LINE OF SAID SOUTHEAST QUARTER (SE 1/4), SAID WEST LINE ALSO BEING THE CENTERLINE OF SAID
        POLARIS STREET, 352.04 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 352.00 FEET OF SAID SOUTHEAST QUARTER (SE 1/4); THENCE DEPARTING SAID WEST LINE AND CENTERLINE SOUTH 89°04’11” EAST, 30.00 FEET TO THE POINT OF
          BEGINNING A POINT ON THE EAST RIGHT-OF-WAY LINE OF SAID POLARIS STREET SAID POINT BEING THE NORTHWEST CORNER OF LOT 1 AS SHOWN BY PARCEL MAP THEREOF ON FILE RECORDED JANUARY 12,1979 IN BOOK 995 OF OFFICIAL RECORDS AS INSTRUMENT NO.
        954848, FILE 23 OF PARCEL MAPS, PAGE 72 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA AND A SOUTHWEST CORNER OF LOT 1 OF SAID FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION; THENCE NORTH 00°03’40” WEST ALONG SAID EASTERLY
        RIGHT-OF-WAY LINE, SAID EASTERLY RIGHT-OF-WAY LINE ALSO BEING A WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, 312.06 FEET TO A POINT ON THE NORTH LINE OF THE SOUTH 664.00 FEET OF SAID SOUTHEAST QUARTER (SE 1/4)
        AND THE NORTHEAST CORNER OF THAT CERTAIN PARCEL OF LAND DESCRIBED IN THAT CERTAIN GRANT DEED TO CLARK COUNTY RECORDED APRIL 8, 1970 IN BOOK 23 OF OFFICIAL RECORDS AS INSTRUMENT NO. 18102 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA;
        THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY LINE AND SAID WEST LINE ALONG SAID NORTHERLY LINE SOUTH 89°04’32” EAST, 292.79 FEET TO A POINT ON THE EAST LINE OF THE WEST
        322.75 FEET OF SAID SOUTHEAST QUARTER (SE 1/4); THENCE ALONG SAID EAST LINE SOUTH 00°03’40” EAST, 312.09 FEET TO A POINT ON A SOUTHERLY LINE OF SAID LOT 1

       

    

    
      
        Exhibit 1-C-1

        
          
 

      

       

      OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, SAID SOUTHERLY LINE ALSO BEING THE NORTHERLY LINE OF THE AFOREMENTIONED LOT 1 OF SAID FILE 23 OF PARCEL MAPS, PAGE 72;
        THENCE ALONG SAID SOUTHERLY AND NORTHERLY LINE NORTH 89°04’11” WEST, 292,79 FEET TO THE POINT OF BEGINNING.

      

    

    
       

      CONTAINING 91,360 SQUARE FEET OR 2.10 ACRES.

      

    

    
       

      BASIS OF BEARINGS:

      

    

    
       

      NORTH 01°05’72” EAST, BEING THE EAST LINE OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST,
        M.D.M., AS SHOWN BY FINAL MAP OF INTERSTATE INDUSTRIAL PARK THEREOF ON FILE RECORDED MAY 7,1984 IN BOOK 1917 OF OFFICIAL RECORDS AS INSTRUMENT NO. 1876748, BOOK 31 OF PLATS, PAGE 61 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA.

       

    

    
      Exhibit 1-C-2

      
        
 

    

    

    

    
       

      

      

       

      

      

    

     

    

    

     

    

  

  
    

    

    Exhibit “1-D”

    Legal Description of the Leased Land

     

    THIS LEGAL DESCRIBES A PORTION OF LOT 1 AS SHOWN BY FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, THEREOF ON FILE RECORDED FEBRUARY
      13, 2012 AS INSTRUMENT NO. 01881 OF OFFICIAL RECORDS, BOOK 146 OF PLATS, PAGE 46 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, LYING WITHIN THE NORTHWEST QUARTER (NW 1/4) OF SECTION 20, TOWNSHIP 21 SOUTH, RANGE 61 EAST, M.D.M., CLARK
      COUNTY, NEVADA DESCRIBES AS FOLLOWS:

     

    LEGAL DESCRIPTION

     

    COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER (SE 1/4) OF THE NORTHWEST QUARTER (NW
        1/4) OF SAID SECTION 20, SAID POINT ALSO BEING THE CENTERLINE INTERSECTION OF HARMON AVENUE (PUBLIC STREET - VARYING WIDTH) AND POLARIS STREET (PUBLIC STREET - 60.00 FEET WIDE), THENCE NORTH 00°O3’40” WEST ALONG THE WEST LINE OF SAID SOUTHEAST
        QUARTER (SE 1/4), SAID WEST LINE ALSO BEING THE CENTERLINE OF SAID POLARIS STREET 1329.40 FEET TO THE SOUTHWEST CORNER OF THE NORTHEAST QUARTER (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 20; THENCE ALONG THE WEST LINE OF SAID
        NORTHEAST QUARTER (NE 1/4) NORTH 00°03’34” WEST, 613,67 FEET TO THE POINT OF BEGINNING BEING A POINT ON THE NORTHERLY RIGHT-OF-WAY LINE OF SAID POLARIS STREET AS SHOWN AND DEDICATED ON SAID FINAL MAP OF CITY
        VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46, SAID POINT BEING THE BEGINNING OF A NON-TANGENT CURVE HAVING A 50.00 FOOT RADIUS, A RADIAL LINE TO SAID POINT BEARS NORTH 00°03’34” WEST; THENCE CURVING TO THE RIGHT ALONG THE ARC OF SAID
        CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 36°52’31”, AN ARC LENGTH OF 32.18 FEET TO A POINT ON THE EAST LINE OF THE WEST 30.00 FEET OF SAID NORTHEAST QUARTER (NE 1/4) TO WHICH A RADIAL LINE BEARS NORTH 36°48’57” EAST; THENCE ALONG
        SAID EASTERLY LINE NORTH 00°03’34” WEST, 30.56 FEET; THENCE DEPARTING SAID EAST LINE SOUTH 89°25’56” EAST, 199.95 FEET TO A POINT ON THE SOUTHERLY EXTENSION OF THE WESTERLY LINE OF THAT PARCEL OF LAND AS DESCRIBED IN THAT CERTAIN GRANT, BARGAIN,
        SALE DEED TO COUNTY OF CLARK THEREOF RECORDED SEPTEMBER 15, 1994 IN BOOK 19940915 OF OFFICIAL RECORDS AS INSTRUMENT NO. 00286 IN THE CLARK COUNTY RECORDERS OFFICE, CLARK COUNTY, NEVADA; THENCE ALONG SAID SOUTHERLY EXTENSION, PARALLEL WITH THE WEST
        LINE OF SAID NORTHEAST QUARTER (NE 1/4) NORTH 00°03’34”WEST. 30.00 FEET TO THE SOUTHWEST CORNER SAID PARCEL OF 

    
      
        Exhibit 1-D-1

        
          
 

      

    

    LAND OF RIGHT-OF-WAY OF HOTEL RIO DRIVE AS DESCRIBED IN SAID GRANT, BARGAIN, SALE DEED TO COUNTY OF
        CLARK, BOOK 19940915 OF OFFICIAL RECORDS, INSTRUMENT NO. 00286, SAID SOUTHERLY RIGHT-OF-WAY LINE IS COINCIDENT WITH THE NORTHERLY OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION, BOOK 146 OF PLATS, PAGE 46; THENCE ALONG SAID
        NORTHERLY LINE OF SAID LOT 1 THE FOLLOWING NINE (9) COURSES: 1) ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE NORTH 00°03’34” WEST, 24.12 FEET TO THE MOST SOUTHERLY CORNER OF THAT PORTION OF HOTEL RIO DRIVE AS DESCRIBED AS PARCEL II IN THAT CERTAIN FINAL
        ORDER OF CONDEMNATION THEREOF ON FILE RECORDED JANUARY 5, 1996 IN BOOK 19960105 OF OFFICIAL RECORDS AS INSTRUMENT NO. 01010 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, SAID POINT ALSO BEING THE BEGINNING OF A NON-TANGENT CURVE
        HAVING A RADIUS OF 497.69 FEET, A RADIAL LINE TO SAID POINT BEARS NORTH 43°54’03” EAST; THENCE ALONG THE SOUTHERLY, WESTERLY AND NORTH LINES OF SAID PARCEL II THE FOLLOWING 5 COURSES: 2) & 1) CURVING TO THE LEFT ALONG THE ARC OF SAID CURVE,
        CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 10°26’24”. AN ARC LENGTH OF 90.69 FEET TO A POINT TO WHICH A RADIAL LINE BEARS NORTH 33°27’39” EAST; 3) & 2) THENCE NORTH 58°07’21” WEST, 24.00 FEET; 4) & 3) THENCE NORTH 31°52’39” EAST,
        69.00 FEET; 5) & 4)THENCE SOUTH 58°07’21” EAST. 24.00 FEET TO THE BEGINNING OF A NON-TANGENT CURVE HAVING A RADIUS OF 566.67 FEET, A RADIAL LINE TO SAID POINT BEARS NORTH 33°16’05” EAST; 6) & 5) THENCE CURVING TO THE RIGHT ALONG THE ARC OF
        SAID CURVE, CONCAVE SOUTHWESTERLY, THROUGH A CENTRAL ANGLE OF 04°14’16”, AN ARC LENGTH OF 41.91 FEET TO A POINT ON THE AFOREMENTIONED WESTERLY LINE OF SAID GRANT, BARGAIN, SALE DEED TO COUNTY OF CLARK, BOOK 19940915 OF OFFICIAL RECORDS, INSTRUMENT
        NO. 00286; 7) THENCE ALONG SAID WESTERLY LINE AND NORTHERLY EXTENSION THEREOF NORTH 00°03’34” WEST, 69.83 FEET TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY LINE OF FLAMINGO ROAD AS DESCRIBED IN THAT CERTAIN DEED TO THE STATE OF NEVADA THEREOF ON FILE
        RECORDED AUGUST 26, 1983 IN BOOK 17940F OFFICIAL RECORDS AS INSTRUMENT NO. 1753257 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA; 8) THENCE ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE NORTH 74°19’41” WEST, 73.12 FEET TO AN ANGLE POINT
        THEREIN: 9) THENCE CONTINUING ALONG SAID SOUTHERLY  RIGHT-OF-WAY LINE NORTH 70’37’58” WEST, 101.09 FEET TO AN ANGLE POINT IN THE EASTERLY RIGHT-OF-WAY LINE OF THE UNION PACIFIC RAILROAD SAID POINT BEING ON THE NORTHEASTERLY EXTENSION OF THAT PARCEL
        OF LAND AS DESCRIBED AS 

    
      
        Exhibit 1-D-2

        
          
 

      

    

    PARCEL II (EXHIBIT A-1) IN THAT CERTAIN FINAL ORDER OF CONDEMNATION THEREOF ON FILE RECORDED JUNE 17, 1997 IN B00K 19970617 OF OFFICIAL RECORDS AS INSTRUMENT
      NO. 00614 IN THE CLARK COUNTY RECORDER’S OFFICE, CLARK COUNTY, NEVADA, SAID EASTERLY RIGHT-OF-WAY LINE BEING COINCIDENT WITH THE WESTERLY LINE OF SAID LOT 1 OF FINAL MAP OF CITY VIEW, A COMMERCIAL SUBDIVISION. BOOK 146 OF PLATS, PAGE 46; THENCE ALONG
      SAID EASTERLY RIGHT-OF-WAY LINE AND SAID WESTERLY LINE THE FOLLOWING SIX (6) COURSES; 1) SOUTH 27°54’59” WEST, 47.23 FEET TO THE MOST NORTHERLY CORNER OF THAT PARCEL OF LAND AS DESCRIBED AS PARCEL III IN SAID FINAL ORDER OF CONDEMNATION, BOOK
      19960105 OF OFFICIAL RECORDS AS INSTRUMENT NO, 01010; THENCE ALONG SAID DESCRIBED PARCEL OF LAND THE FOLLOWING THREE (3) COURSES: 2 & 1) SOUTH 62°05’01” EAST, 2.37 FEET; 3) & 2) THENCE SOUTH 27°54’59” WEST, 48.00 FEET; 4) & 3) THENCE NORTH 62°05’01” WEST, 2.37 FEET TO A POINT ON THE AFOREMENTIONED EASTERLY RIGHT-OF-WAY LINE
      OF SAID UNION PACIFIC RAILROAD; 5) THENCE ALONG SAID EASTERLY RIGHT-OF-WAY LINE SOUTH 27°54’59” WEST, 41.67 FEET TO A POINT ON THE AFOREMENTIONED WEST LINE OF SAID NORTHEAST QUARTER (NE 1/4); 6) THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY LINE ALONG
      SAID WEST LINE SOUTH 00°03’34 EAST, 165.97 FEET TO THE POINT OF BEGINNING,

     

    CONTAINING 47, 291 SQUARE FEET /1.09 ACRES.

    
      Exhibit 1-D-3

      
        
 

    

    
    
      Exhibit “2”

       

          

      Leases

      

      

      	
              Lease

            	
              Address

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc., C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and 4D Commissary (as Tenant) dated February 15, 2012

            	
              4255 Dean Martin Drive, Unit G, Las Vegas, NV

            
	
              Addendum I to Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc., C.Y.
                Heritage Inn of Dayton, Inc. (as Landlord) and 4D Commissary (as Tenant) dated January 15, 2017

            	
              4255 Dean Martin Drive, Unit H, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and 5.11, Inc. (as Tenant) dated May 1, 2015

            	
              4305 Dean Martin Drive, Unit 100, 105, 110, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and A Touch of Las Vegas Day Spa (as Tenant) dated December 20, 2017

            	
              4305 Dean Martin Drive, Unit 160, Las Vegas, NV

            
	
              Assignment and Assumption of Leases between A Touch of Las Vegas Day Spa, LLC (as Assignor) and_________ an individual (as Assignee) dated December 28, 2017

              

            	 
	
              Lease between Tharaldson Ethanol Plant I, LLC (as Landlord) and A&T Inc. dated July 20, 2016

            	
              4288 S. Polaris Ave., Unit 105 and 107, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Vegas Tickets LLC (as Tenant) dated March 29, 2018

            	
              4305 Dean Martin Drive, Unit 125, Las Vegas, NV

            
	
              Lease between 4424 Polaris Avenue, LLC (as Landlord) and AB Calif Acquisition Corp. (as Tenant) dated
                April 4, 2012

            	
              4424 S. Polaris Ave., Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and American Reprographics Company, LLC (as Tenant) dated July 31, 2012

            	
              4345 Dean Martin Drive, Unit 100, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and ARTEE COLLECTIONS, INC., DBA ARTEE FABRICS & HOME (as Tenant) dated April 24, 2013

            	
              4305 Dean Martin Drive, Unit 165, 170 and 175 Las Vegas, NV

            

      
        

        

        
          Exhibit 2-1

          
            
 

        

      

      	
              Lease between Tharaldson Ethanol Plant I, LLC (as Landlord) and Galaxy Outdoor LLC (as Tenant) dated
                January 10, 2018

            	
              4425 Dean Martin and 3040 Business Lane, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Best Boxes (as Tenant) dated July 12, 2017

            	
              4255 Dean Martin Drive, Unit H, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Centaur Sculpture Galleries LTD, Inc. (as Tenant) dated September 3, 2014

            	
              4345 Dean Martin Drive, Unit 200, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Coveredge (as Tenant) dated March 13, 2013

            	
              4325 Dean Martin Drive, Unit 370 and 375, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Dakco USA (as Tenant) dated November 8, 2016

            	
              4335 Dean Martin Drive, D400, Las Vegas, NV

            
	
              Lease between Tharaldson Motels II of Las Vegas, Inc. (as Landlord) and Echelon Resorts LLC (as Tenant)
                dated February 24, 2009

            	
              4425 Aldebaran Avenue, Las Vegas, NV

            
	
              First Amendment to Lease between Tharaldson Motels II of Las Vegas, Inc. (as Landlord) and Echelon Resorts
                LLC (as Tenant) dated March 9, 2015

            	
              4425 Aldebaran Avenue, Las Vegas, NV

            
	
              Lease Agreement between The Ferguson Family Trust (as lessor) and Marnell Properties (as lessee) dated
                April 5, 2000

            	
              Ground Lease

            
	
              Sublease Agreement between Marnell Properties (as sublessor) and Heritage Inn Houston Limited Partnership,
                R.I. Heritage Inn of Chandler, Inc., Midwest Heritage Inn of Chandler, Inc., Heritage Inn Number LXV Limited Partnership (as sublessee) dated May 17, 2006

            	
              Ground Lease

            
	
              Assignment of Lease and Termination of Sublease between Katherine Anne Ferguson Trust (as Landlord),
                Marnell Properties, LLC (as Tenant) and Tharaldson Ethanol Plant I, L.L.C. (as Subtenant) dated July __, 2012

            	
              Ground Lease

            

      

      

      
        Exhibit 2-2

        
          
 

      

      	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Amador Medical (as Tenant) dated July 14, 2016

            	
              4325 Dean Martin Drive, Unit 330 and 340, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Full Conceal, Inc. (as Tenant) dated June 12, 2017

            	
              4325 Dean Martin Drive, Unit 347, 350, 360, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Hakkasan Holdings, LLC (as Tenant) dated July 14, 2015

            	
              4425 Aldebaran Avenue, Unit 1 North, Las Vegas, NV

            
	
              Lease between Tharaldson Ethanol Plant I, LLC (as Landlord) and Monster (as Tenant) dated December 24,
                2017

            	
              4288 S. Polaris Ave 105, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Professional Pool Care LLC (as Tenant) dated February 3, 2012

            	
              4325 Dean Martin Drive, Unit 345, Las Vegas, NV

            
	
              Addendum II to Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y.
                Heritage Inn of Dayton, Inc. (as Landlord) and Professional Pool Care LLC (as Tenant) dated February 17, 2017

            	
              4325 Dean Martin Drive, Unit 345, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Push IV, LLC (as Tenant) dated April 20, 2017

            	
              4305 Dean Martin, # 145, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Push IV, LLC (as Tenant) dated August 30, 2018

            	
              4315 Dean Martin, # 225-230, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Rick Engineering Company (as Tenant) dated June 1, 2018

            	
              4255 Dean Martin, Suite F, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Crostra and Partners, LLC (as Tenant) dated August 11, 2016

            	
              4315 Dean Martin Drive, Unit 210, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I.Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Crostra and Partners, LLC (as Tenant) dated August 29, 2018

            	
              4325 Dean Martin Drive, Unit 325, Las Vegas, NV

            

      
        

           

        
          Exhibit 2-3

          
            
 

        

      

      	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Crostra and Partners, LLC (as Tenant) dated September 10, 2015

            	
              4305 Dean Martin Drive, Unit 120, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Sol-up USA, LLC (as Tenant) dated January 10, 2017

            	
              4305 Dean Martin Drive, Unit 140, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Sol-up USA, LLC (as Tenant) dated March 7, 2013

            	
              4305 Dean Martin Drive, Unit 150 and 155, Las Vegas, NV

            
	
              Addendum II to Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y.
                Heritage Inn of Dayton, Inc. (as Landlord) and Sol-up USA, LLC (as Tenant) dated September 14, 2016

            	
              4305 Dean Martin Drive, Unit 150 and 155, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Taxi Ads Las Vegas, LLC (as Tenant) dated April 18, 2016

            	
              4255 Dean Martin Drive, Unit E, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Top Golf (as Tenant) dated July 6, 2016

            	
              4255 Dean Martin Drive, Unit D, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and Vegas Balloon Rides, LLC (as Tenant) dated September 16, 2011

            	
              4390 Polaris Avenue, Las Vegas, NV

            
	
              Lease between TM II South Tech, LLC, C.Y. & R.I. Heritage Inn of Palmdale, Inc.; C.Y. Heritage Inn of
                Dayton, Inc. (as Landlord) and VivaCity Fitness Holdings LLC (as Tenant) dated June 7, 2017 Replacement Lease

            	
              4325 Dean Martin Drive, Unit 315, Las Vegas, NV

            
	
              Remodel/Expansion Warehouse Rental Agreement Store 3473 between CV Property Management (as Landlord) and
                Wal-Mart Stores East, LP (as Tenant) dated July 6, 2018

            	
              4288 Polaris Ave., Las Vegas, NV

            

      

         

      
        Exhibit 2-4

        
          
 

      

      	
              Remodel/Expansion Warehouse Rental Agreement Store  2838, 2884 between CV Property Management (as Landlord) and Wal-Mart Stores East, LP (as Tenant) dated April 5, 2018

            	
              4288 Polaris Ave., Las Vegas, NV

            
	
              Lease between Tharaldson Motels II of Las Vegas, Inc. (as Landlord) and West Pro Builders, LLC (as Tenant)
                dated November 17, 2008

            	
              4305 Dean Martin Drive, Unit 115, Las Vegas, NV

            
	
              Addendum I to Lease between Tharaldson Motels II of Las Vegas, Inc. (as Landlord) and West Pro Builders,
                LLC (as Tenant) dated October 15, 2015

            	
              4305 Dean Martin Drive, Unit 115, Las Vegas, NV

            

      

      

      
        Exhibit 2-5

        
          
 

      

      
      
        Exhibit “3”

        Contracts

      

      

      

      	
              Sign Lease Agreement between American Outdoor Advertising, LLC and South Tech Partners LLC dated May 18,
                1999

            	
              (South Tech) 4335 S. Industrial Road, Las Vegas, NV

            
	
              Addendum to Sign Lease Agreement between American Outdoor Advertising, LLC and South Tech Partners LLC
                dated June 1, 1999

            	
              4345 S. Industrial Road, Las Vegas, NV

            
	
              Bulletin Contract between Diversified Asset Management and The Lamar Companies dated March 29, 2007

            	 
	
              Bulletin Contract between Diversified Asset Management and The Lamar Companies dated March 29, 2007

            	 
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated July 25, 2016

            	
              4425 Aldebaran Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated July 25, 2016

            	
              4425 Aldebaran Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated July 28, 2016

            	
              4345 Dean Martin Drive, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated July 25, 2016

            	
              4425 Aldebaran Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated July 25, 2016

            	
              4425 Aldebaran Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 1, 2009

            	
              4425 Aldebaran Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 1, 2009

            	
              4255 Aldebaran Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 11, 2009

            	
              4305 Dean Martin Drive, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 11, 2009

            	
              4315 Dean Martin Drive, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 11, 2009

            	
              4335 Dean Martin Drive, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 1, 2009

            	
              4345 Dean Martin Drive, Las Vegas, NV

            

      

      

      
        Exhibit 3-1

        
          
 

      

      	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 11, 2009

            	
              4325 Dean Martin Drive, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated January 20, 2010

            	
              4325 Aldebaran, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 1, 2009

            	
              4631 Dean Martin Drive, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 12, 2009

            	
              4425 S. Polaris Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 1, 2009

            	
              4288 S. Polaris Ave., Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 11, 2009

            	
              4325 Aldebaran, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 11, 2009

            	
              4416 Aldebaran, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 1, 2009

            	
              3060 Business Lane, Las Vegas, NV

            
	
              Agreement between Alarmco, Inc. and CV Property Mgmt Southtec dated February 11, 2009

            	
              4425 Dean Martin Drive, Las Vegas, NV

            
	
              Quote between M&R Fire Protection LLC and CV Properties dated February 6, 2014

            	 
	
              Quote between M&R Fire Protection LLC and Diversified Real Estate Group dated February 17, 2014

            	
              4315 Dean Martin Drive, 4335 Dean Martin Drive, 4305 Dean Martin Drive, 4425 Aldebaran, 4416 Aldebaran,
                4345 Dean Martin Drive, 4699 Dean Martin Drive, 4631 Dean Martin Drive, 4425 Dean Martin Drive, 4631 Dean Martin Drive, 4342 Dean Martin Drive

            
	
              Customer Service Agreement between Republic Services and CV Property Management dated April 15, 2014

            	
              4416 Aldebaran Ave.

            
	
              Customer Service Agreement between Republic Services and CV Property Management dated April 15, 2014

            	
              3360 Business Lane

            
	
              Customer Service Agreement between Republic Services and CV Property Management dated April 15, 2014

            	
              4285 Polaris Ave.

            
	
              Customer Service Agreement
                  between Republic Services and CV Property Management dated April 15, 2014

            	
              4631 Dean Martin Drive

            

      
        

        

        
          Exhibit 3-2

          
            
 

        

      

      	
              Customer Service Agreement between Republic Services and CV Property Management dated April 15, 2014

            	
              4425 Dean Martin Drive

            
	
              Customer Service Agreement between Republic Services and CV Property Management dated April 15, 2014

            	
              4305 Dean Martin Drive

            
	
              Customer Service Agreement between Republic Services and CV Property Management dated April 15, 2014

            	
              4255 Dean Martin Drive

            
	
              Credit Application and Agreement to Pay between Discount Dumpsters and CV Property Management dated March
                27, 2014

            	 
	
              Service Agreement between Discount Dumpsters and CV Property Management dated March 27, 2014

            	 

      

         

      
        Exhibit 3-3

        
          
 

      

      

    

  

  
    
      Exhibit “4”

       

      Form of Grant, Bargain and Sale Deed

    

    
       

      APN(s): [______________________]

    

    
       

      WHEN RECORDED MAIL TO AND MAIL

        PROPERTY TAX STATEMENTS TO:

       

    

    	 	 
	 	 
	 	 
	Attn: 	 	 

    
       

      GRANT, BARGAIN AND SALE DEED

       

    

    
      THIS INDENTURE WITNESSETH that [_______________________], a [_______________________], for valuable consideration, the receipt of which is hereby
        acknowledged, does hereby Grant, Bargain, Sell and Convey to [_______________________], a [_______________________], with an address of [________________], all that real property situated in the County of Clark, State of Nevada, bounded and
        described as follows:

    

    
       

      See Exhibit A attached hereto and by this reference incorporated
        herein (the “Property”);

       

      Together with all and singular the improvements, fixtures, tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining, and any
        reversions, remainders, rents, issues, or profits thereof; and

       

      Subject to (i) taxes for the current fiscal year, not due or delinquent, and any and all taxes and assessments levied or assessed after the recording date
        hereof, which includes the lien of supplemental taxes, if any; and (ii) restrictions, conditions, reservations, rights of way and easements affecting the use and occupancy of this Property as the same may now appear of record.

    

    
       

      [Signature and acknowledgement appear on following page.]

      
        
          
 

      

      

    Witness my hand this _____________ day of ________________________ , 2018.

    
       

      [_______________________],

      a [______________________]

       

    

    	
            By:

          	 	 
	
            Name:

          	 	 
	
            Title:

          	 	 

     

    
      STATE OF NEVADA

       

      COUNTY OF CLARK

    

    
       

      This instrument was acknowledged before me on _____________, 2018 by__________________ as _____________________________________________ of
        [______________________________________].

       

        

    

    
      
        	
                (Seal, if any)

              	 
	 	Signature of Notarial Officer

              

      

      

    

    
      
        Exhibit 4-2

        
          
 

      

    

    
      EXHIBIT A TO DEED

       

      LEGAL DESCRIPTION

       

      (to be attached)

      
        Exhibit 4-3

        
          
 

      

      Exhibit 5

       

    

    Form of Ground Lease Assignment and Assumption Agreement

    
       

      APN(s): [______________________]

    

    
       

      WHEN RECORDED RETURN TO:

       

      
        	 	 
	 	 
	 	 
	Attn: 	 	 

         

      

    

    ASSIGNMENT AND ASSUMPTION AGREEMENT

      (Ground Lease)

    
       

      THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment and Assumption Agreement”), dated as of [________________], 2018 (the “Effective Date”), is made by and between [_________________________________________], a [_______________] (“Assignor”), and [______________________________], a [_______________] (“Assignee”).

    

    
       

      RECITALS

    

    
       

      WHEREAS, Assignor and Assignee are parties to that certain Purchase and Sale Agreement and Joint Escrow Instructions, dated as of
        [________], 2018 (together with all amendments, supplements, modifications, appendices, assignments and addenda thereto, the “Purchase Agreement”),
        providing for, among other things, the sale, transfer, conveyance, assignment and delivery by Assignor to Assignee of the Ground Lease (as defined below);

    

    
       

      WHEREAS, Assignor is the holder of the lessee’s interest under that certain Lease Agreement, which is more particularly described
        on Exhibit A attached hereto (together with all amendments, supplements, modifications, appendices, assignments and addenda thereto, the “Ground Lease”), pursuant to which Assignor leases certain real property more particularly described therein; and

       

      WHEREAS, pursuant to the provisions of the Purchase Agreement, Assignor has agreed to assign to Assignee all of Assignor’s right,
        title and interest under the Ground Lease, and Assignee has agreed to assume all of Assignor’s obligations under the Ground Lease.

      
        
          
 

      

      
      AGREEMENT

       

      NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants and agreements contained herein and in the Purchase
        Agreement and for other good and valuable consideration, the receipt, adequacy and legal sufficiency of which are hereby acknowledged, Assignee and Assignor hereby agree as follows:

    

    
       

      1.          Assignment and Assumption. Effective as of the Effective Date, Assignor hereby sells, transfers, assigns, conveys, grants, delivers and delegates to
          Assignee all of Assignor’s right, title, benefit, privilege and interest in, to and under the Ground Lease, and Assignee hereby accepts such assignment, assumes from Assignor the Ground Lease and agrees to pay, perform and discharge when due all
          of the obligations, covenants, agreements and conditions to be performed by Assignor as lessee under the Ground Lease.

       

      2.          Conflict. This Assignment and Assumption Agreement is subject to all
          of the terms, conditions and limitations set forth in the Purchase Agreement. In the event that any provision of this Assignment and Assumption Agreement shall be construed to conflict with a provision of the Purchase Agreement, the provision of
          the Purchase Agreement shall be deemed to be controlling.

       

      3.          Further Assurances. Each of the parties hereto covenants and agrees to execute and deliver, at the request of any other party hereto, such further
          instruments of transfer and assignment and to take such other action as such other party may reasonably request to more effectively consummate the assignments and assumptions contemplated by this Assignment and Assumption Agreement.

       

      4.          Governing Law. The internal laws of the State of Nevada applicable to contracts made and wholly performed therein shall govern the validity,
          construction, performance and effect of this Assignment and Assumption Agreement.

       

      5.          Successors and Assigns. This Assignment and Assumption Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their
          respective successors in interest and assigns.

       

      6.          Headings. The subject headings or captions of the paragraphs in this Assignment and Assumption Agreement are inserted for convenience of reference only
          and shall not affect the meaning, construction or interpretation of any provisions contained herein. All capitalized terms defined herein are equally applicable to both the singular and plural forms of such terms.

    

    
       

      7.          Counterparts. This Assignment and Assumption Agreement may be signed in one or multiple counterparts, with each counterpart having the same force and
          effect as if this single instrument were executed by each of the parties hereto and delivered to the other party.

       

      8.          No Third Party Beneficiaries. There are no third-party beneficiaries to this Assignment and Assumption Agreement.

      
        Exhibit 5-2

        
          
 

      

      9.          Severability. If any provision of this Assignment and Assumption Agreement shall be held invalid, illegal or unenforceable, the validity, legality or
          enforceability of the other provisions of this Assignment and Assumption Agreement shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to
          the provision at issue.

    

    
       

      10.        Recording. Assignee may cause this Assignment and Assumption Agreement to be recorded in the Office of the County Recorder of Clark County, Nevada on
          or about the Effective Date.

       

      [Signatures and acknowledgements appear on the following pages.]

      
        Exhibit 5-3

        
          
 

      

      IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement to be executed as of the Effective
        Date.

       

      ASSIGNOR:

    

    
       

      [_______________________],

      a [______________________]

       

    

    	
            By:

          	 	 
	
            Name:

          	 	 
	
            Title:

          	 	 

     

    ASSIGNEE:

    
       

      [_______________________],

      a [______________________]

       

      

      
        
          	
                  By:

                	 	 
	
                  Name:

                	 	 
	
                  Title:

                	 	
                   

                

        

      

      

      

       

      
        
          Exhibit 5-4

          
            
 

        

        STATE OF _____________

      

    

    
       

      COUNTY OF _____________

    

    
       

      This instrument was acknowledged before me on __________, 201_ by __________________ as ________________________________________ of [_________________________________].

         

    

    	
            (Seal, if any)

          	 	 
	 	
            (Signature of Notarial Officer)

          

     

    
      STATE OF _____________

       

      COUNTY OF _____________

    

    
       

      
        This instrument was acknowledged before me on __________, 201_ by __________________ as
          ________________________________________ of [_________________________________].

        
          
            
              

              

            

            	
                    (Seal, if any)

                  	 	 
	 	
                    (Signature of Notarial Officer)

                  

          

          

        

      

    

    
      
        Exhibit 5-5

        
          
 

      

      EXHIBIT A

       

      DESCRIPTION OF GROUND LEASE

       

      [to be provided]

        [to include all applicable recording information]

      
        Exhibit 5-6

        
          
 

      

    

  

  [CS&M Draft—09/14/2018]

  

    

  Exhibit 6

  

    

  Form of Stockholder Agreement

  

    

  
    
 

   

    

  STOCKHOLDER AGREEMENT

  

    

  Dated as of [●]

  

    

  by and between

  

    

  BRIGHTLINE HOLDINGS LLC

  

    

  and

  

    

  THARALDSON ETHANOL PLANT I, LLC

  
    

      

    
      
 

    
      
        
 

    

    

   
  	  TABLE OF CONTENTS
	 	 	 	 
	 	 	 	
          Page

        
	 	 	 	 
	
          Article I

        	 
	 	 	 	 
	
          Information Rights

        	 
	 	
          1.1

        	
          Stockholder Information Rights

        	
          1

        
	 	 	 	 
	
          Article II

        	 
	 	 	 
	
          Transfers; Tag-Along; Drag-Along; Put Right

        	 
	 	
          2.1

        	
          Transfer Restrictions

        	
          2

        
	 	
          2.2

        	
          Tag Along; Drag Along; Put Right

        	
          4

        
	 	 	 	 
	
          Article III

        	 
	 	 	 
	
          Definitions

        	 
	 	
          3.1

        	
          Defined Terms

        	
          8

        
	 	
          3.2

        	
          Interpretation

        	
          11

        
	 	 	 
	
          Article IV

        	 
	 	 	 
	
          Miscellaneous

        	 
	 	
          4.1

        	
          Term

        	
          11

        
	 	
          4.2

        	
          Notices

        	
          11

        
	 	
          4.3

        	
          Amendment

        	
          13

        
	 	
          4.4

        	
          Assignment

        	
          13

        
	 	
          4.5

        	
          Severability

        	
          14

        
	 	
          4.6

        	
          Counterparts

        	
          14

        
	 	
          4.7

        	
          Entire Agreement

        	
          14

        
	 	
          4.8

        	
          Governing Law

        	
          14

        
	 	
          4.9

        	
          Jurisdiction

        	
          14

        
	 	
          4.10

        	
          Service of Process

        	
          15

        
	 	
          4.11

        	
          Waiver of Jury Trial

        	
          15

        
	 	
          4.12

        	
          Enforcement

        	
          15

        
	 	
          4.13

        	
          Third Party Beneficiaries

        	
          15

        
	 	
          4.14

        	
          Permitted Transferee Representative

        	
          15

        
	 	
          4.15

        	
          Confidentiality

        	
          16

        
	 	
          4.16

        	
          Cooperation

        	
          16

        

  
    i

    
      
 

  

  This STOCKHOLDER AGREEMENT, dated as of [●] (this “Agreement”), is by and between BRIGHTLINE HOLDINGS LLC a Delaware [limited liability company][corporation]1 (“Purchaser”), and THARALDSON ETHANOL PLANT I, LLC, a Nevada limited liability company (the “Stockholder”).

  

    

  W I T N E S S E T H:

  

    

  WHEREAS, on September 17, 2018, Purchaser, the Stockholder and the
      other parties thereto entered into a Real Estate Purchase and Sale Agreement (as it may be amended from time to time, the “Purchase Agreement”), pursuant to which, among other things, Purchaser will issue, on the date hereof, Purchaser Common
      Shares to the Stockholder in an amount equal to the Share Purchase Price; and

  

    

  WHEREAS, each of the parties wishes to set forth in this Agreement
      certain terms and conditions regarding, among other things, the Stockholder’s ownership of Purchaser Common Shares;

  

    

  NOW, THEREFORE, in consideration of the premises, and of the
      representations, warranties, covenants and agreements set forth herein, and intending to be legally bound, the parties agree as follows:

  

    

  ARTICLE I

  

    

  Information Rights

  

    

  1.1          Stockholder Information Rights.

  

    

  (a)          Quarterly Financial Statements. Purchaser shall
      deliver to the Stockholder, within 90 calendar days after the end of each fiscal quarter of OpCo (other than the last fiscal quarter of any fiscal year of OpCo):

  

    

  (i)          an unaudited balance sheet as at the end of such fiscal
      quarter; and

  

    

  (ii)         an unaudited income statement for such fiscal quarter;

  

    

  in each case for OpCo and its subsidiaries (on a consolidated basis), excluding
      footnotes thereto, all prepared in accordance with GAAP (applicable to non-public companies) consistently applied throughout the periods covered thereby, subject to changes resulting from normal year-end adjustments.

  

    

  (b)          Annual Financial Statements. Purchaser shall
      deliver to the Stockholder, within 120 calendar days after the end of each fiscal year of OpCo:

  

    

  (i)          an audited balance sheet as at the end of such fiscal
      year; and

  

  
  
    
 

  1 To
      be updated based on type of entity at Closing.

  
    
      
 

  

  
  (ii)         an audited income statement and statement of cash flows
      for such fiscal year;

  

    

  in each case for OpCo and its subsidiaries (on a consolidated basis), including any
      footnotes thereto, prepared in accordance with GAAP (applicable to non-public companies) consistently applied throughout the periods covered thereby (except as otherwise disclosed in the footnotes thereto).

  

    

  (c)          Other Information. Purchaser will consider and
      respond in good faith to reasonable requests made by the Stockholder for other information related to the Stockholder’s investment in Purchaser; provided, however, that Purchaser shall not be required to provide any such information
      if (i) Purchaser determines in good faith that such information is competitively sensitive; (ii) such information relates to the Purchase Agreement, any ancillary transaction documents related thereto or any of the transactions contemplated thereby
      or otherwise relates to any commercial relationship between the Stockholder or any of its affiliates, on the one hand, and Purchaser or any of its affiliates, on the other hand; or (iii) Purchaser determines in good faith that providing such
      information would reasonably be expected to (A) jeopardize an attorney-client privilege or cause a loss of attorney work product protection or (B) violate any applicable Law or Judgment or any Contract with a third party.

  

    

  (d)          Termination. The provisions of this Section
        1.1 shall terminate upon the earlier to occur of (i) the consummation of a Purchaser IPO and (ii) the Stockholder Disposition Event.

  

    

  (e)          Limitation on Other Rights. The rights of the
      Stockholder under this Section 1.1 are in lieu of any other rights to information that may be available under the Delaware Act (including pursuant to Section 18-305 of the Delaware Act) or common law in its capacity as a member of Purchaser,
      to the extent applicable.

  

    

  ARTICLE II

  

    

  Transfers; Tag-Along; Drag-Along; Put Right

  

    

  2.1          Transfer Restrictions.

  

    

  (a)          Other than Permitted Transfers, subject to Section
        2.1(c), the Stockholder shall not, directly or indirectly, Transfer any Purchaser Common Shares until the date following the later of (i) consummation of the Purchaser IPO and (ii) the last day of any lock-up period agreed to by the Stockholder
      in connection with such Purchaser IPO (such later date, the “Restricted Period Termination Date”).

  
    2

    
      
 

  

  
  (b)          “Permitted Transfers” means, in each case so
      long as such Transfer is in accordance with applicable Laws and Judgments and the provisions of Purchaser’s Organizational Documents:

  

    

  (i)          a Transfer of Purchaser Common
      Shares to a Permitted Transferee, so long as such Permitted Transferee, to the extent it has not already done so, executes a customary joinder to this Agreement, in form and substance reasonably acceptable to Purchaser, in which such Transferee makes
      customary representations and warranties and agrees to be subject to all covenants and agreements of the Stockholder under this Agreement; provided that if at any time the Transferee ceases to be an affiliate of such Transferor, such
      Transferee shall, and such Transferor shall procure that such Transferee shall, immediately Transfer back the Transferred Purchaser Common Shares to such Transferor as if such Transfer had not taken place ab initio, and Purchaser shall no longer, and shall instruct its transfer agent and other third parties to no longer, record or
      recognize such Transfer on the share register of Purchaser;

  

    

  (ii)         a Transfer of Purchaser Common
      Shares pursuant to Section 2.2(a); and

  

    

  (iii)        any other Transfer of Purchaser
      Common Shares with Purchaser’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed.

  

    

  (c)          If, as of the date following the first anniversary of
      this Agreement, (i) Purchaser has not consummated a Purchaser IPO and (ii) the Stockholder Disposition Event has not occurred prior to such date, then the Stockholder shall have the right (on behalf of itself and the Permitted Transferees) to
      deliver, on one occasion, a written notice to Purchaser on or prior to the date that is five (5) business days after the first anniversary of this Agreement (such notice, a “Third Party Transfer Election”), electing to terminate the
      restrictions on Transfer set forth in Section 2.1(a) for a period of 90 days following the delivery of such Third Party Transfer Election and to require Purchaser to, for such 90 day period, use commercially reasonable efforts to provide such
      assistance as is reasonably requested by the Stockholder (on behalf of itself and the Permitted Transferees) in connection with any proposed Transfer by the Stockholder or any Permitted Transferee of Purchaser Common Shares then held by the
      Stockholder or such Permitted Transferee to any proposed Transferee, including reasonably cooperating with the due diligence of the proposed Transferee by making available to such proposed Transferee (subject to customary confidentiality obligations
      by such proposed Transferee) (A) the financial statements referred to in Sections 1.1(a) and 1.1(b) and (B) such other customary due diligence information reasonably requested by the Stockholder (on behalf of itself and the applicable
      Permitted Transferees) or such proposed Transferee.

  

    

  (d)          Notwithstanding anything to the contrary contained
      herein, including the occurrence of the Restricted Period Termination Date or any Third Party Transfer Election, the Stockholder shall not, directly or indirectly, Transfer any Purchaser Common Shares other than in accordance with applicable Law and
      Judgment and Purchaser’s Organizational Documents. Until the consummation of a Purchaser IPO, Purchaser shall not, and shall cause its members not to, amend or otherwise modify its Organizational Documents in any manner that would result in any
      restrictions on Transfer therein becoming more restrictive than any restrictions on Transfer set forth in Purchaser’s Organizational Documents as of the date of the Purchase Agreement.

  
    3

    
      
 

  

  (e)          Any Transfer or attempted Transfer of Purchaser Common
      Shares in violation of this Section 2.1 shall, to the fullest extent permitted by applicable Law and Judgment, be null and void ab initio, and Purchaser shall not, and shall instruct its transfer agent and other third parties not to, record or recognize any such purported transaction on the share
      register or other books and records of Purchaser. Any share certificate or other instrument evidencing the Purchaser Common Shares issued to the Stockholder on the Closing Date shall bear a legend detailing the restrictions on transfer set forth in
      this Agreement.

  

    

  2.2          Tag Along; Drag Along; Put Right.

  

    

  (a)          Tag Along Rights. Notwithstanding anything in Section

        2.1 to the contrary, if any Fortress Stockholder or group of Fortress Stockholders proposes to effect a Change of Control Sale prior to the consummation of the Purchaser IPO, the Stockholder may, at its option, elect to exercise its rights
      under this Section 2.2(a).

  

    

  (i)          In the event of a proposed Change of
      Control Sale, Purchaser shall deliver to the Stockholder: (A) a written notice of the terms and conditions of such Change of Control Sale (a “Change of Control Notice”) and offer the Stockholder (and any Permitted Transferee that then owns any
      Purchaser Common Shares) the opportunity to participate in such Change of Control Sale on the same terms and conditions, subject to the same agreements and for the same consideration, as the applicable Fortress Stockholders participating in such
      Change of Control Sale and (B) the purchase agreement (or similar instrument of transfer), including all attachments and schedules, that is the subject of such Change of Control Sale.

  

    

  (ii)         From the date of the delivery of all
      of the information described in Section 2.2(a)(i), until the date that is 10 business days thereafter (the “Tag Along Election Period”), the Stockholder (and any Permitted Transferee that then owns any Purchaser Common Shares) shall
      have the right, exercisable by written notice delivered by the Stockholder (such participating Stockholder and such other participating Permitted Transferees that then own any Purchaser Common Shares, a “Tag Along Stockholder”) to Purchaser
      within such Tag Along Election Period, to request that the applicable Fortress Stockholders include in the Change of Control Sale the number of Purchaser Common Shares as is specified in such notice; provided, however, that if the
      aggregate number of Purchaser Common Shares proposed to be Transferred by the applicable Fortress Stockholders, the Tag Along Stockholders and any other holder of Purchaser Common Shares in the Change of Control Sale exceeds the number of Purchaser
      Common Shares that can be Transferred on the terms and conditions set forth in the Change of Control Notice, then only the Tag Along Portion of Purchaser Common Shares held by the applicable Fortress Stockholders and the Tag Along Stockholders shall
      be Transferred pursuant to the applicable Change of Control Sale. All out-of-pocket costs and expenses incurred by the Tag Along Stockholders in connection with a Change of Control Sale described in this Section 2.2(a) shall be paid by the
      Tag Along Stockholders. In connection with any Change of Control Sale described in this Section 2.2(a), the closing of the Transfer of Purchaser Common Shares held by the applicable Fortress Stockholders and the closing of the Transfer of
      Purchaser Common Shares held by each Tag Along Stockholder shall each occur on the same date.

  
    4

    
      
 

  

  
  (iii)        Notwithstanding the foregoing, the
      Fortress Stockholders may at any time prior to consummation of a Change of Control Sale described in this Section 2.2(a) terminate the proposed Transfer and the related tag along rights of any Tag Along Stockholder with respect to such
      proposed Transfer. Purchaser shall cause the Fortress Stockholders to comply with the provisions of this Section 2.2(a).

  

    

  (b)          Drag Along. Notwithstanding anything in Section

        2.1 to the contrary, if Purchaser or any Fortress Stockholder or group of Fortress Stockholders proposes to effect a Change of Control Sale prior to the consummation of a Purchaser IPO, Purchaser or such Fortress Stockholders may, at their
      option, require the Stockholder (and any Permitted Transferee that then owns any Purchaser Common Shares) to Transfer in such Change of Control Sale all of the Purchaser Common Shares then owned by the Stockholder (and such other Permitted
      Transferees that then own any Purchaser Common Shares) (collectively, the “Drag Along Stockholders”) on the same terms and conditions, subject to the same agreements and for the same consideration, as the applicable Fortress Stockholders
      participating in such Change of Control Sale, pursuant to the terms of this Section 2.2(b).

  

    

  (i)          In the event Purchaser or any
      Fortress Stockholders elect to exercise their rights pursuant to this Section 2.2(b), Purchaser shall provide to the Stockholder a Change of Control Notice not later than the 10th business day prior to the closing of the proposed Change of
      Control Sale.

  
    5

    
      
 

  

  (ii)         Upon receipt of a Change of Control
      Notice, the Drag Along Stockholders shall be required to participate in the Change of Control Sale, on the terms and conditions set forth in the Change of Control Notice (subject to this Section 2.2(b)(ii) and Section 2.2(b)(iii))
      and, if any such Change of Control Sale involves a merger, consolidation or sale of all or substantially all assets of Purchaser and its subsidiaries, the Drag Along Stockholders shall be required to vote in favor of or consent in writing to such
      merger, consolidation or sale of all or substantially all assets (and, without limiting the foregoing, each Drag Along Stockholder shall (to the extent applicable) waive any dissenters’ rights, appraisal rights or similar rights in connection
      therewith). In connection with the foregoing, each Drag Along Stockholder shall be required to join and become a party to each agreement that is approved by Purchaser or any Fortress Stockholder or group of Fortress Stockholders, as applicable (or to
      which any Fortress Stockholder is a party), in connection with a Change of Control Sale, including any such agreement that provides for representations and warranties, indemnification obligations (including escrows, hold backs or other similar
      arrangements to support such indemnification obligations), releases, covenants or other obligations, in each case, of the holders of Purchaser Common Shares party thereto; provided that (x) except in the case of the following clause (y), the
      indemnification obligations of each Drag Along Stockholder in connection with a Change of Control Sale shall be the same as those made by the Fortress Stockholders and apportioned based on such Drag Along Stockholder’s pro rata portion of the
      aggregate consideration received by the holders of Purchaser Common Shares in such transaction, (y) with respect to breaches of Fundamental Representations made by any Drag Along Stockholder in connection with a Change of Control Sale, such Drag
      Along Stockholder shall be solely liable, and (z) the aggregate amount of liability for any Drag Along Stockholder shall not in any case exceed the total consideration received by such Drag Along Stockholder in the Change of Control Sale. The
      Stockholder (i) hereby appoints Purchaser or any designee thereof as its representative in connection with any agreement contemplated by this Section 2.2(b) (including the right to resolve any potential indemnification claims or other
      disputes on behalf of the Fortress Stockholders and the Drag Along Stockholders) and (ii) hereby irrevocably grants to, and appoints, Purchaser or any designee thereof, as the Stockholder’s proxy and attorney in fact (with full power of
      substitution), for and in the name, place and stead of each Drag Along Stockholder, to vote the Purchaser Common Shares held by each Drag Along Stockholder, or to grant a consent or approval in respect of such Purchaser Common Shares, in connection
      with any meeting of Purchaser or any action by written consent in lieu of a meeting of Purchaser with respect to a Change of Control Sale. The Stockholder hereby affirms that such irrevocable proxy is given to secure the performance of the duties of
      the Stockholder under this Agreement, and is coupled with an interest and irrevocable. All out of pocket costs and expenses incurred by any Drag Along Stockholder in connection with a Change of Control Sale described in this Section 2.2(b)
      shall be paid by such Drag Along Stockholder. In connection with any Change of Control Sale described in this Section 2.2(b), the closing of the Transfer of Purchaser Common Shares held by the applicable Fortress Stockholders and the closing
      of the Transfer of Purchaser Common Shares held by each Drag Along Stockholder shall each occur on the same date.

  
    6

    
      
 

  

  
  (iii)        Notwithstanding the foregoing,
      Purchaser and the applicable Fortress Stockholders may at any time prior to consummation of a Change of Control Sale described in this Section 2.2(b) terminate the proposed Transfer and any concomitant drag along obligations of any Drag Along
      Stockholders with respect to such proposed Transfer.

  

    

  (c)          Put Right.

  

    

  (i)          If, as of the date that is 90 days
      after the date on which the Stockholder delivers a Third Party Transfer Election pursuant to Section 2.1(c) (such date, the “Put Trigger Date”), (A) Purchaser has not consummated a Purchaser IPO and (B) the Stockholder or any Permitted
      Transferee continue to hold Purchaser Common Shares, then the Stockholder shall have the right (on behalf of itself and the Permitted Transferees) to deliver, on one occasion in respect of the Put Trigger Date, a written notice to Purchaser on or
      prior to the date that is 30 days after the Put Trigger Date, electing to require Purchaser to purchase all of the Purchaser Common Shares then held by the Stockholder or any Permitted Transferee within 90 days of delivery of the written notice to
      Purchaser of such election (such date, the “Put Closing Date”), at a price per Purchaser Common Share equal to the Purchaser Common Share Value (this amount, the “Put Amount”). The Stockholder and each Permitted Transferee, as
      applicable, shall execute and deliver to Purchaser customary share transfer documentation reasonably requested by Purchaser in connection with any Transfer of Purchaser Common Shares contemplated by this Section 2.2(c) and, without limiting
      the foregoing, the Stockholder and each such Permitted Transferee shall be required to make Fundamental Representations to the Purchaser in the definitive share transfer documentation related to any such Transfer.

  

    

  (ii)         Notwithstanding anything herein to
      the contrary, if, following the Closing and prior to the Put Closing Date, there has been a material and sustained disruption of, or material and sustained adverse change in, conditions in the financial, banking or capital markets that, in
      Purchaser’s reasonable judgment, would materially impair Purchaser’s ability to obtain the financing necessary to pay the Put Amount to the Stockholder or any Permitted Transferee, as applicable, on commercially reasonable terms, then Purchaser may,
      upon delivery of written notice to the Stockholder and such Permitted Transferees, extend the Put Closing Date until such time at which such financing becomes available on commercially reasonable terms (this time period, the “Put Closing Extension
        Period”). Purchaser shall use reasonable best efforts to obtain this financing at the earliest reasonable opportunity. During the Put Closing Extension Period, interest on the Put Amount will accrue at a rate of four percent (4.0%) per annum; provided
      that under no circumstances will such interest rate be less than the short-term Applicable Federal Rate, as defined in Section 1274(d) of the Internal Revenue Code (the “AFR”), and Purchaser and the Stockholder shall periodically review this
      interest rate (and no less than annually) until the Put Amount is fully paid to ensure this interest rate continues to exceed the AFR. Purchaser’s internal records of applicable interest rates will be determinative in the absence of manifest error.

  
    7

    
      
 

  

  
  

  (d)       Notwithstanding anything in this Agreement to the contrary, this Section 2.2
      shall terminate immediately upon the consummation of a Purchaser IPO.

   

  Article III

      

      Definitions

   

  3.1       Defined Terms. Terms that are not otherwise defined in this Agreement shall
      have the meaning ascribed to them in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:

   

  “affiliate” means, with respect to any person, any other person controlling,
      controlled by or under common control with such first person.

   

  “AFR” has the meaning set forth in Section 2.2(c)(ii).

   

  “Agreement” has the meaning set forth in the preamble.

   

  “Beneficially Own” or “Beneficial Ownership” has the meaning assigned to such
      term in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, and a person’s beneficial ownership of securities shall be calculated in accordance with the provisions of such Rule (in each case, irrespective of whether or not such Rule is
      actually applicable in such circumstance).

   

  “business day” means a day, other than a Saturday or a Sunday, on which commercial
      banks are not required or authorized to close in each of New York City and Las Vegas, Nevada.

   

  “Change of Control Notice” has the meaning set forth in Section 2.2(a).

   

  “Change of Control Sale” means any transaction or series of related transactions in
      which any Fortress Stockholder or group of Fortress Stockholders proposes to Transfer (whether by merger, consolidation or sale or other Transfer of Purchaser Common Shares or otherwise) 50% or more of the then outstanding Purchaser Common Shares to
      any person (other than another Fortress Stockholder or other affiliate of Holdings).

   

  “Delaware Act” means the Delaware Limited Liability Company Act (6 Del. C. Section
      18-101, et seq.), as amended from time to time.

   

  “Drag Along Stockholder” has the meaning set forth in Section 2.2(b).

   

  “Fortress” means [●].2

   

  
    
2 Note to Draft: To reference applicable Fortress fund that controls Buyer.

  
    8

    
      

  

  “Fortress Stockholder” means Holdings and any affiliate of Fortress (other than
      Purchaser and its subsidiaries) that Beneficially Owns Purchaser Common Shares at any time.

   

  “Fundamental Representations” means certain customary “fundamental representations” to
      be made by the holders of Purchaser Common Shares in connection with a Change of Control Sale or a Transfer to Purchaser as contemplated by Section 2.2(c), as applicable, including representations with respect to ownership and authority to
      Transfer, free of liens, claims and encumbrances, the Purchaser Common Shares proposed to be Transferred by such holder of Purchaser Common Shares, no conflicts and absence of approvals with respect to the Purchaser Common Shares proposed to be
      Transferred by such holder of Purchaser Common Shares, the due authorization, execution, delivery and enforceability of the definitive documents entered into by such holder of Purchaser Common Shares in connection with such Transfer, no brokers and
      compliance with applicable Laws and Judgments.

   

  “GAAP” means generally accepted accounting principles of the United States.

   

  “Holdings” means AAF Holdings LLC, a Delaware limited liability company.

   

  “OpCo” means Brightline Trains LLC.

   

  “Organizational Documents” means any charter, certificate, articles or deed of
      incorporation, articles of organization, certificate of formation, articles of association, bylaws, operating agreement or similar formation or governing documents and instruments.

   

  “Permitted Transferee” means the Stockholder and any affiliate thereof.

   

  “Permitted Transfers” has the meaning set forth in Section 2.1(b).

   

  “person” means any individual, firm, corporation, partnership, limited liability
      company, trust, joint venture, Governmental Entity or other entity.

   

  “Purchase Agreement” has the meaning set forth in the recitals.

   

  “Purchaser” has the meaning set forth in the preamble.

   

  “Put Amount” has the meaning set forth in Section 2.2(c)(i).

   

  “Put Closing Date” has the meaning set forth in Section 2.2(c)(i).

   

  “Put Closing Extension Period” has the meaning set forth in Section 2.2(c)(ii).

   

  “Put Trigger Date” has the meaning set forth in Section 2.2(c)(i).

  
    9

    
      

  

  “Restricted Period Termination Date” has the meaning set forth in Section 2.1(a).

   

  “Stockholder” has the meaning set forth in the preamble.

   

  “Stockholder Disposition Event” means the date upon which the Stockholder and its
      Permitted Transferees cease to collectively hold a number of Purchaser Common Shares in excess of 1/2 of the aggregate number of Purchaser Common Shares previously issued and delivered to the Stockholder pursuant to the Purchase Agreement.

   

  “subsidiary” means, with respect to any person, any other person, an amount of the
      voting securities or other voting ownership or voting partnership interests of which sufficient to elect at least a majority of its board of directors or other governing body (or, if there are no such voting interests, 50% or more of the equity
      interests of which) is owned, directly or indirectly, by such first person or by another subsidiary of such first person.

   

  “Tag Along Portion” means, with respect to any person, the product of: (i) the
      aggregate number of Purchaser Common Shares proposed to be Transferred in a Change of Control Sale contemplated pursuant to Section 2.2(a), multiplied by (ii) a fraction, the numerator of which is the number of Purchaser Common Shares held by
      such person and the denominator of which is the aggregate number of Purchaser Common Shares then held by the Fortress Stockholders, the Tag Along Stockholders and any other holders of Purchaser Common Shares, in each case participating in such Change
      of Control Sale.

   

  “Tag Along Stockholder” has the meaning set forth in Section 2.2(a)(ii).

   

  “Third Party Transfer Election” has the meaning set forth in Section 2.1(c).

   

  “Transfer” means (i) any direct or indirect offer, sale, lease, assignment,
      encumbrance, pledge, grant of a security interest, hypothecation, disposition or other transfer (by operation of Law or otherwise), either voluntary or involuntary, or entry into any contract, option or other arrangement or understanding with respect
      to any offer, sale, lease, assignment, encumbrance, pledge, hypothecation, disposition or other transfer (by operation of Law or otherwise), of any capital stock or interest in any capital stock or (ii) in respect of any capital stock or
      interest in any capital stock, the entry into any swap or any other agreement, transaction or series of transactions that hedges or transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of such capital stock or
      interest in capital stock, whether any such swap, agreement, transaction or series of transactions is to be settled by delivery of securities, in cash or otherwise. “Transferor” means a person that Transfers or proposes to Transfer; and “Transferee”
      means a person to whom a Transfer is made or is proposed to be made.

  
    10

    
      

  

  3.2       Interpretation. The descriptive headings of the several Articles and
      Sections of this Agreement and the Table of Contents to this Agreement are inserted for convenience only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. All references
      herein to “Articles” or “Sections” shall be deemed to be references to Articles or Sections hereof unless otherwise indicated. For all purposes hereof, the terms “include”, “includes” and “including” shall be deemed to be followed by the words
      “without limitation”. The words “hereof”, “hereto”, “hereby”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word
      “will” shall be construed to have the same meaning as the word “shall”. The word “or” is not exclusive. The word “extent” in the phrase “to the extent” means the degree to which a subject or other thing extends, and such phrase shall not mean simply
      “if”. The phrase “date hereof” or “date of this Agreement” shall be deemed to refer to [●]. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as the
      feminine and neuter genders of such terms. Any applicable Law defined or referred to herein means such applicable Law as from time to time amended, modified or supplemented. Any reference to any statute herein shall also be deemed to refer to all
      rules and regulations promulgated thereunder. References to a person are also to its successors and permitted assigns. With respect to Purchaser Common Shares, such term shall include any shares of Purchaser Common Shares or other securities of
      Purchaser received by the Stockholder or any Permitted Transferee as a result of any stock split, stock dividend or distribution, or other subdivision, reorganization, reclassification or similar capital transaction.

   

  Article IV

      

      Miscellaneous

   

  4.1       Term. This Agreement shall be effective as of the date hereof and shall
      automatically terminate upon a Purchaser IPO. If this Agreement is terminated pursuant to this Section 4.1, this Agreement shall become void and of no further force and effect, except for the provisions set forth in Section 3.2 and
      this Article IV.

   

  4.2       Notices. All notices, requests, permissions, waivers and other
      communications hereunder shall be in writing and shall be deemed to have been duly given (a) three business days following sending by registered or certified mail, postage prepaid, (b) when sent, if sent by email (with written confirmation of
      receipt), (c) when delivered, if delivered personally to the intended recipient, and (d) one business day following sending by overnight delivery via a national courier service and, in each case, addressed to a party at the following address for such
      party:

   

  if to Purchaser,

   

  Brightline Holdings LLC

  c/o Florida East Coast Industries, LLC

  ATTN: Kolleen Cobb

  2855 Le Jeune Rd, 4th Floor

  Coral Gables, FL 33134

  Telephone No.:(305) 520-2344

  E-Mail:             kolleen.cobb@feci.com

   

  
    11

    
      

  

  with a copy to:

   

  Brownstein Hyatt Farber Schreck, LLP

  Attn: Rebecca Miltenberger

  100 North City Parkway, Suite 1600

  Las Vegas, NV 89106

  Telephone No.: (702) 464-7052

  E-Mail:             rmiltenberger@bhfs.com

   

  and

   

  Cravath, Swaine & Moore LLP

      Worldwide Plaza

      825 Eighth Avenue

      New York, NY 10019-7475

      Attention:         Damien

      R. Zoubek, Esq.

                            O. Keith Hallam, III, Esq.

      Email:               dzoubek@cravath.com

                               khallam@cravath.com

   

  if to Holdings,

   

  Fortress Investment Group

      1345 Avenue of the Americas

      New York, NY 10105

  Attention:         Ken Nicholson

      Email:               knicholson@fortress.com

   

  with a copy to:

   

  Brownstein Hyatt Farber Schreck, LLP

  Attn: Rebecca Miltenberger

  100 North City Parkway, Suite 1600

  Las Vegas, NV 89106

  Telephone No.: (702) 464-7052

  E-Mail:             rmiltenberger@bhfs.com

   

  and

  
    12

    
      

  

  Cravath, Swaine & Moore LLP

      Worldwide Plaza

      825 Eighth Avenue

      New York, NY 10019-7475

      Attention:         Damien R. Zoubek, Esq.

                           O. Keith Hallam, III, Esq.

      Email:               dzoubek@cravath.com

                               khallam@cravath.com

   

  if to the Stockholder,

   

  c/o Tharaldson Investments

  4255 Dean Martin Drive, Suite J

  Las Vegas, NV 89103

  Attn: Don Cape

  Telephone No.: (702) 385-4988 ext. 2

  E-Mail:             dcape@diversifiedgrp.com

   

  with a copy to:

   

  Holland & Hart LLP 
  

  Attn: Tom L. DeVine

  555 17th Street, Suite 3200

  Denver, CO 80202

  Telephone No.: (303) 295-8110

  Email:               tldevine@hollandandhart.com

   
   

  or to such other address(es) as shall be furnished in writing by any such party to the other parties in
      accordance with the provisions of this Section 4.2.

   

  4.3       Amendment. Subject to Section 4.14, this Agreement may be amended,
      modified, superseded or canceled only by an instrument in writing signed by the Stockholder and Purchaser and any of the provisions hereof may be waived only by an instrument in writing signed by or on behalf of the party waiving compliance.

   

  4.4       Assignment. Neither this Agreement nor any of the rights or obligations of
      the parties hereunder may be assigned by any of the parties (including by operation of Law or otherwise) without the prior written consent of the other party; provided that the Stockholder may assign its rights and obligations under this
      Agreement in connection with a Transfer to a Permitted Transferee made in compliance with the terms of this Agreement (it being understood, however, that in the event of any Transfer other than pursuant to Section 2.1(b)(i), such Transferee
      in such Transfer shall not be entitled to any of the benefits of this Agreement). Subject to the immediately preceding sentence, this Agreement shall be binding upon, and inure to the benefit of and be enforceable by, the parties and their respective
      successors and permitted assigns. Any attempted assignment in violation of this Section 4.4 shall be void.

  
    13

    
      

  

  4.5       Severability. The invalidity, illegality or unenforceability of any portion
      of this Agreement shall not affect the validity, force or effect of the remaining portions of this Agreement. If it is ever held that any restriction hereunder is too broad to permit enforcement of such restriction to its fullest extent, each party
      agrees that a court of competent jurisdiction may enforce such restriction to the maximum extent permitted by Law, and each party hereby consents and agrees that such scope may be judicially modified accordingly in any Proceeding brought to enforce
      such restriction.

   

  4.6       Counterparts. This Agreement may be executed in one or more counterparts,
      all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered, in person or by facsimile, or by electronic image scan, receipt acknowledged,
      to the other parties.

   

  4.7       Entire Agreement. This Agreement constitutes the entire agreement between
      the parties with respect to the subject matter hereof and supersedes any previous agreements and understandings between the parties with respect to such matters. No party shall take, or cause to be taken, including by entering into agreements or
      other arrangements with provisions or obligations that conflict, or purport to conflict, with the terms of this Agreement or any of the transactions contemplated hereby, any action with either an intent or effect of impairing any such other person’s
      rights under this Agreement.

   

  4.8       Governing Law. This Agreement and disputes relating hereto (whether for
      breach of contract, tortious conduct or otherwise) shall be governed and construed in accordance with the Laws of the State of Delaware, without reference to its conflicts of law principles.

   

  4.9       Jurisdiction. Each party (a) submits to the personal jurisdiction of the
      Delaware Court of Chancery in and for New Castle County, or in the event (but only in the event) that such Delaware Court of Chancery does not have subject matter jurisdiction over such dispute, the United States District Court for the District of
      Delaware, or in the event (but only in the event) that such United States District Court also does not have jurisdiction over such dispute, any Delaware State court sitting in New Castle County, in the event any dispute (whether in contract, tort or
      otherwise) arises out of this Agreement or the transactions contemplated hereby, (b) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court and (c) agrees that it shall
      not bring any claim, action or proceeding relating to this Agreement or the transactions contemplated hereby in any court other than the Delaware Court of Chancery in and for New Castle County, or in the event (but only in the event) that such
      Delaware Court of Chancery does not have subject matter jurisdiction over such claim, action or proceeding, the United States District Court for the District of Delaware, or in the event (but only in the event) that such United States District Court
      also does not have jurisdiction over such claim, action or proceeding, any Delaware State court sitting in New Castle County.  

  
    14

    
      

  

  4.10       Service of Process. Each party agrees that service of any process, summons,
      notice or document by U.S. registered mail to such party’s respective address set forth in Section 4.2 shall be effective service of process for any Proceeding with respect to any matters for which it has submitted to jurisdiction pursuant to
      Section 4.9.

   

  4.11       Waiver of Jury Trial. Each party hereby waives, to the fullest extent
      permitted by applicable Law and Judgment, any right it may have to a trial by jury in respect of any Proceeding arising out of or in connection with this Agreement or the transactions contemplated hereby or disputes relating hereto (whether for
      breach of contract, tortious conduct or otherwise). Each party (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 any Proceeding, seek
      to enforce the foregoing waiver and (b) acknowledges that it and the other parties have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 4.11.

   

  4.12       Enforcement. The parties agree that irreparable damage would occur and that
      the parties would not have any adequate remedy at Law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be
      entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the provisions of this Agreement in the courts referred to in Section 4.9, this being in addition to any other remedy to which the
      parties are entitled at Law or in equity.

   

  4.13       Third Party Beneficiaries. Nothing contained in this Agreement, expressed
      or implied, is intended to confer upon any person other than the parties hereto any benefits, rights, or remedies.

   

  4.14       Permitted Transferee Representative. The parties hereto acknowledge and
      agree that the Stockholder shall be the designated representative of any and all Permitted Transferees with full authority to make all representations and warranties and agree to all covenants on behalf of and in the name of the Permitted
      Transferees, and to make all decisions and determinations, and to take all actions (including giving consents and waivers or agreeing to any amendments to this Agreement or to the termination hereof) required or permitted hereunder on behalf of the
      Permitted Transferees, and any such action, decision or determination so made or taken shall be deemed the action, decision or determination of each such Permitted Transferee, and any notice, document, certificate or information required to be given,
      whether in writing or otherwise, to any Permitted Transferee shall be deemed so given if given to the Stockholder and Purchaser shall be fully protected against liability in relying on the actions of the Stockholder as being authorized by the
      Permitted Transferees. The Stockholder shall ensure the due, prompt and faithful performance and discharge by, and compliance with, all of the obligations, covenants, terms, conditions and undertakings of the Permitted Transferees under this
      Agreement in accordance with the terms hereof.

  
    15

    
      

  

  
  4.15       Confidentiality. The Stockholder shall, and shall use reasonable best
      efforts to cause its affiliates, officers, directors, employees, agents and representatives to, keep confidential and not disclose to any other person, or use for their own benefit or the benefit of any other person, any information regarding
      Purchaser or any of its affiliates obtained pursuant to this Agreement or in its capacity as an equityholder of Purchaser or the terms of this Agreement. The obligations of the Stockholder under this Section 4.15 shall not apply to
      information which: (i) is or becomes generally available to the public without breach of obligations under this Section 4.15 or (ii) is required in the opinion of legal counsel to the Stockholder to be disclosed by applicable Law or any
      Judgment; provided, however, that in any such case, the Stockholder must notify Purchaser in writing as early as practicable prior to disclosure to allow Purchaser to take appropriate measures to preserve the confidentiality of such
      information (and, if requested by Purchaser, the Stockholder shall reasonably cooperate, at Purchaser’s expense, with any such effort by Purchaser to preserve the confidentiality of such information).

   

  4.16       Cooperation. If Purchaser has not consummated a Purchaser IPO on or prior
      to the Closing Date, the Stockholder and each Permitted Transferee that then holds any Purchaser Common Shares shall use commercially reasonable efforts to cooperate with any action reasonably requested by Purchaser from and after the Closing to
      effect a Purchaser IPO (including any corporate reorganization of Purchaser or any of its subsidiaries or other reasonable activities, the expenses of which are reimbursed by Purchaser).

   

  [The remainder of this page left intentionally blank.] 

  
    16

    
      

  

  IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers of the
      parties as of the date first herein above written.

   

   

  	 	BRIGHTLINE HOLDINGS, LLC	 
	 	 	 	 
	
          

          

        	
          By: 

        	   

        	 
	 	 	Name:	 
	 	 	Title:	 

    

  

  	 	THARALDSON ETHANOL PLANT I, LLC	 
	 	 	 	 
	
          

          

        	
          By: 

        	    

        	 
	 	 	Name:	 
	 	 	Title:	
           

        

  

  

  
    
      

  

    
  
    

    Exhibit 7

     

    Form of Assignment and Assumption Agreement

     

    ASSIGNMENT AND ASSUMPTION AGREEMENT

     

    THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment and Assumption Agreement”), dated ________, 20__, is made by and between [________________], a [________________]
        (“Seller”), and [________________], a [________________]
        (“Purchaser”).  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Agreement (as defined below).

     

    W I T N E S S E T H:

     

    WHEREAS, Seller and Purchaser are parties to that certain Purchase and Sale Agreement and Joint Escrow Instructions, dated
        as of [_______], 2018 (together with all amendments, supplements, modifications, appendices, assignments and addenda thereto, the “Agreement”), providing
        for, among other things, the sale, transfer and conveyance by Seller to Purchaser of Seller’s right, title and interest in and to the Property; and

     

    WHEREAS, pursuant to the Agreement, Seller has agreed to assign to Purchaser certain contracts, and Purchaser has agreed
        to accept the assignment of such contracts and assume certain liabilities related thereto.

     

    AGREEMENT

     

    NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants and agreements contained
        herein and in the Agreement and for other good and valuable consideration, the receipt, adequacy and legal sufficiency of which are hereby acknowledged, Purchaser and Seller hereby agree as follows:

     

    1.           Assignment and Assumption.  Effective as of the Closing, Seller hereby transfers, assigns, conveys and delegates to Purchaser all of Seller’s right, title and interest in, to and under the Assumed
        Contracts listed on Schedule A.  Effective as of the Closing, Purchaser hereby accepts such assignment and assumes from Seller all liabilities and obligations under the Assumed Contracts accruing from and after the Closing, and agrees to pay,
        perform and discharge, when due, all of such liabilities and obligations.

     

    2.           Indemnification.

     

    (a)          Purchaser

        shall indemnify, defend and hold Seller harmless for, from and against any and all claims, liabilities, losses, damages, costs and expenses (including, without limitation, reasonable attorneys’ fees and charges), resulting from or arising from any
        liabilities or obligations under the Assumed Contracts with respect to any matters, events or conditions first occurring on or after the Closing.

    
      Exhibit 7-1

      
        

    

    (b)          Seller
        shall indemnify, defend and hold Purchaser harmless for, from and against any and all claims, liabilities, losses, damages, costs and expenses (including, without limitation, reasonable attorneys’ fees and charges), resulting from or arising from
        any liabilities or obligations under the Assumed Contracts with respect to any matters, events or conditions first occurring prior to the Closing.

     

    3.           Conflict.  This Assignment and Assumption Agreement is subject to all of the terms, conditions and limitations set forth in the Agreement.  In the event that any provision of this Assignment and
        Assumption Agreement shall be construed to conflict with a provision of the Agreement, the provision of the Agreement shall be deemed to be controlling.

     

    4.           Governing Law.  The internal laws of the State of Nevada applicable to contracts made and wholly performed therein shall govern the validity, construction, performance and effect of this Assignment
        and Assumption Agreement.

     

    5.           Successors and Assigns.  This Assignment and Assumption Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors in interest and assigns.

     

    6.           Headings.  The subject headings or captions of the paragraphs in this Assignment and Assumption Agreement are inserted for convenience of reference only and shall not affect the meaning,
        construction or interpretation of any provisions contained herein.  All capitalized terms defined herein are equally applicable to both the singular and plural forms of such terms.

     

    7.          Counterparts.  This Assignment and Assumption Agreement may be signed by facsimile or other electronic transmission and/or in one or multiple counterparts, with each counterpart having the same
        force and effect as if this single instrument were executed by each of the parties hereto and delivered to the other party.

     

    8.           No Third Party Beneficiaries.  There are no third-party beneficiaries to this Assignment and Assumption Agreement.

     

    9.           Severability.  If any provision of this Assignment and Assumption Agreement shall be held invalid, illegal or unenforceable, then the validity, legality or enforceability of the other provisions of
        this Assignment and Assumption Agreement shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to the provision at issue.

     

    [Signatures appear on following page.]

    
      Exhibit 7-2

      
        

    

    IN WITNESS WHEREOF, the Parties have caused this Assignment and Assumption Agreement to be executed as of the date first above written.

     

    “SELLER”

     

    [_______________________],

    a [______________________]

    

    

    
       

      	
              By:

            	 	 
	
              Name:

            	 	 
	
              Title:

            	 	 

       

    

    “BUYER”

    

    

    [_______________________],

    a [______________________]

     

      

    
       

      	
              By:

            	 	 
	
              Name:

            	 	 
	
              Title:

            	 	 

    

    
      Exhibit 7-3

      
        

    

    Schedule A to Assignment and Assumption

     

    Assumed Contracts

    
      Exhibit 7-4

      
        

    

    
    Exhibit 8

     

    Form of Seller’s FIRPTA Affidavit

     

    Section 1445 of the Internal Revenue Code of 1986, as amended (the “Code”), provides that a transferee of a United States real property interest must withhold tax if the transferor is a foreign person.  For U.S. tax purposes (including Section 1445 of the
        Code), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law) will be the transferor of the property and not the disregarded entity.

    

    

    To inform [________________], a [________________] (“Transferee”) that withholding of tax is not
        required upon the transfer by [________________] (“Transferor”) of a United States real property interest, the undersigned hereby certifies and declares by means of this certification the
        following:

    

    

    (a)          Transferor, through its
        100% owned disregarded entity, [________________], a [________________] (“Seller”), is the seller under that Purchase and Sale Agreement and Joint Escrow Instructions, dated as of ______________, 2018, by and between Seller and Transferee;

    

    

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

    

    

    (c)          Transferor’s U.S.
        employer or tax (social security) identification number is ____________________.

    

    

    (d)          Transferor is not a
        disregarded entity as defined in Treasury Regulation Section 1.1445-2(b)(2)(iii).

    

    

    (e)        The address for Transferor
        is _____________________________________. Transferor understands that this Certification may be disclosed to the Internal Revenue Service by Transferee and that any false statement contained herein could be punished by fine, imprisonment, or both.

    

    

    
      “TRANSFEROR”

      

      

      _______________________

      a ______________________

      

      

      
         

        	
                By:

              	 	 
	
                Name:

              	 	 
	
                Title:

              	 	 

        
          	 Dated:

                	
                   

                	, 2018

        

      

    

    
      Exhibit 8-1

      
        

    

    
    Exhibit 9

     

    Form of Assignment and Bill of Sale

     

    ASSIGNMENT AND BILL OF SALE

     

    Reference is hereby made to (a) that certain real property located in Clark County, Nevada and described in more detail on
        Exhibit A of that certain Purchase and Sale Agreement and Joint Escrow Instructions, dated as of ____________, 2018, by and between [________________], a [________________] (“Seller”),

        and [________________],
        a [________________] (“Purchaser”), (b) the improvements located thereon, and (c) the rights, privileges and entitlements
        incident thereto (collectively, the “Property”).

    

    

    For good and valuable consideration, receipt of which is hereby acknowledged, Seller does hereby give, grant, bargain,
        sell, transfer, assign, convey and deliver to Purchaser all of Seller’s right, title and interest in all assets, rights, materials and/or claims used, owned or held in connection with the use, management, development or enjoyment of the Property,
        including, without limitation: (i) all land use entitlements, subdivision agreements and other agreements relating to the development of the Property; (ii) all plans, specifications, maps, tentative maps, final maps and civil improvement plans,
        drawings and other renderings relating to the Property; (iii) all contract rights, warranties, claims and any similar rights relating to and benefiting the Property or the assets transferred hereby including, but not limited to, those contained in
        any construction and consultant agreements pertaining to the Property; (iv) all intangible rights, goodwill and rights benefiting the Property; (v) all development rights benefiting the Property; (vi) all rights, claims or awards benefiting the
        Property; (vii) all improvements located on or about the Property; and (viii) all will serve letters and commitments pertaining to the Property from applicable utility purveyors, including, but not limited to, sewer and water.

    

    

    Seller hereby covenants that it will, at any time and from time to time upon written request therefore, execute and
        deliver to Purchaser, its nominees, successors and/or assigns, any new or confirmatory instruments and do and perform any other acts which Purchaser, its nominees, successors and/or assigns, may request in order to fully transfer possession and
        control of, and protect the rights of Purchaser, its nominees, successors and/or assigns in, all the assets of Seller intended to be transferred and assigned hereby.

    

    

    (Signature appears on following page.)

    
      Exhibit 9-1

      
        

    

    IN WITNESS WHEREOF, this Assignment and Bill of Sale has been executed by Seller as of ______________, 2018.

     

     SELLER:

     

    

    [_________________________], 

     a [________________________]

     

      
         

        	
                By:

              	 	 
	
                Name:

              	 	 
	
                Title:

              	 	 

      

    

    
      Exhibit 9-2

      
        

    

    
    Exhibit 10

    

    

    Form of Tenant Notice Letter

    

    

    

    

    [_________________________], 20__

    

    

    VIA [INSERT DELIVERY METHOD REQUIRED BY APPLICABLE LEASE]

    

    

    [INSERT TENANT NOTICE ADDRESS]

    

    

    RE:          [INSERT REFERENCE TO APPLICABLE LEASE]

    

    

    Dear ______________:

    

    

    Please be advised that on ___________________, 2018, Landlord conveyed its interest in the above-referenced Property to
        ______________________ (“New Landlord”).  [Tenant’s security deposit has been transferred to New Landlord and] Tenant shall direct all payments and correspondence from and after the date hereof related to the Lease to New Landlord at the following
        address:

    

    

    
      
        
           

          	 	  

                	 	 
	 	
                  Attn:

                	 	 
	 	
                   

                  

                	 	 
	 	 

                	 	 

           

        

      

    

    
      
         

        	 	
                Sincerely,

              	 
	 	 	 
	 	
                
                  [____________________________________],

                

              	 
	 	
                
                  a [___________________________________]

                

              	 

         

      

    

    
      
         

        	 	
                By:

              	 	 
	 	
                Name:

              	 	 
	 	
                Title:

              	 	 

      

    

  

  
    Exhibit 10-1

    
      

  

  
    Exhibit 11

     

    

    Form of Lessor Consent and
            Estoppel Certificate

    

    

    
      	
              FROM:

            	
              [Name of Lessor]

            
	 	
              [Street Address]

            
	 	
              [City, State, Zip]

            
	 	 
	
              TO:

            	
              [Name of Purchaser]

            
	 	
              [Street Address]

            
	 	
              [City, State, Zip]

            

    

    

    

    
      	
               

            	
              Re:

            	
              That certain Lease Agreement, dated ___________, by and between [_____________], a [_____________] (“Lessor”), and [__________], a [____________] (“Lessee”), together with all exhibits, modifications, assignments and amendments thereto (the “Lease”),

                  [and that certain Memorandum of Lease recorded on ___________, in Book No. ___________, as Instrument No. ___________ in the Official Records of Clark County, Nevada,] with respect to the real property located bearing Clark County
                  Assessor Parcel Number 162-20-112-001 (the “Property”), as more particularly described in the Lease 

              

            

    

    

    Dear Sirs:

     

    The undersigned Lessor acknowledges that [*], a [*] (“Purchaser”), has contracted with the Lessee for the acquisition by Purchaser of all of certain assets owned by Lessee, including, without limitation, Lessee’s interest in the Lease.  This Lessor Consent
        and Estoppel Certificate (this “Certificate”) is being required as a condition to such acquisition.  Accordingly, Lessor hereby certifies
        and confirms to Purchaser, its successors and/or assigns, as its/their interest may appear, and acknowledges and agrees as follows:

     

    THE LEASE.

     

    (a)          Lessor is the current legal and record owner
        of the fee interest in the Property and of the lessor’s interest under the Lease.  Lessor has not assigned or agreed to assign its interest or any portion thereof as lessor under the Lease.

     

    (b)          The current address for notices, demand and
        communications to the Lessor under the Lease is as follows:

      

    

    
      	
               

            	
               

            
	
               

            	
               

            
	
               

            	
               

            

    

     

    

    (c)          A true, correct and complete copy of the Lease
        is attached hereto as Exhibit A, and the Lease has not been amended, assigned or modified other than as shown on Exhibit A.

    
      Exhibit 11-1

      
        

    

    (d)          Lessee is the current “Lessee” under the
        Lease.

     

    (e)          The construction of the leased premises and
        any other improvements required to be constructed on the Property pursuant to the terms of the Lease have been completed, and Lessee has taken possession of the leased premises and is paying rent on a current basis.

     

    (f)          The Lease is in full force and effect, and
        constitutes the entire agreement between Lessor and Lessee.  There are no other agreements, written or oral, between Lessor and Lessee relating to Lessee’s occupancy of the Property, including, without limitation, any agreement with respect to any
        additional obligations of Lessee not set forth in the Lease.

     

    (g)          The Lease commenced on _____________ and the
        current term will expire on ________________.  The rent commencement date, if different than the commencement date set forth above, is _______________________.  Tenant has no option to renew or extend the term of the Lease, except as follows:
        ________________________.

     

    (h)          The current rent to be paid by Lessee is
        $__________ per month.

     

    (i)           Lessee has deposited with Lessor a security
        deposit in the amount of $_________ (if none, so state).  No portion of such security deposit has been applied to cure any default under the Lease.

     

    (j)           Neither Lessor nor, to Lessor’s knowledge,
        Lessee is in default under the Lease and there is no event which, with the giving of notice and/or the passage of time, would constitute such a default.

     

    (k)          Lessor has no present claims or defenses to
        the enforcement of the Lease and no present reason, claim or ground to terminate the Lease or declare a default thereunder.

     

    (l)           To Lessor’s knowledge, Lessee has no present
        set-offs, claims or defenses to the enforcement of the Lease and no present reason, claim or ground to terminate the Lease or declare a default thereunder.

     

    (m)         Neither Lessor nor, to Lessee’s knowledge,
        Lessee, has commenced any action or given or received any notice for the purpose of terminating the Lease.

     

    2.          CONSENT.  Notwithstanding anything to the contrary contained in the Lease, Lessor hereby consents to, and approves of, Lessee’s transfer to Purchaser, and Purchaser’s acquisition from
        Lessee, of Lessee’s interest to the Property under the terms of the Lease.

     

    3.          MISCELLANEOUS.

     

    (a)          The person signing this
        Certificate on behalf of Lessor is duly authorized to execute and deliver this Certificate on behalf of Lessor.

    
      Exhibit 11-2

      
        

    

    (b)          Lessor agrees that Purchaser
        may rely on the consent and certifications set forth above as conclusive evidence of such matters, and all such certifications shall inure to the benefit of Purchaser and its respective successors and assigns, and shall be binding upon Lessor, and
        its successors and assigns.

     

    
      	

            	Very truly yours,	 
	 	 	 
	 	[LESSOR], [ENTITY]	 
	 	 	 	 
	
              

              

            	
              By: 

            	 

            	 
	 	Name:	

            	 
	 	Its:	

            	 

      

      
        Exhibit 11-3

        
          

      

      EXHIBIT A

       

      Lease

      (to be attached)

      
        Exhibit 11-4

        
          

      

      
      Exhibit 12

      

      

      Form of Tenant Estoppel Certificate

      

      

      TENANT ESTOPPEL CERTIFICATE

      

      
        
          	
                  To:

                	
                   [Purchaser] (“Purchaser”)

                
	 	
                   [*]

                
	 	
                   [*]

                
	 	 Attention: [*]
	 	 
	 

                	
                   [Seller] (“Seller”)

                
	 	
                   [*]

                
	 	
                   [*]

                
	 	 Attention: [*]

          

          

          	Re: 

                	Property Address:  [*] (the “Property”)
                  

                
	 	
                  Lease:              [*] (the “Lease”), dated as of [*], by and between Seller and [*] (“Tenant” and, together with Seller, the “Parties”) 

                
	 	
                  Area Leased:  [*] (the “Premises”)

                

        

      

    

    

    
      Tenant understands that Purchaser is under contract with Seller to purchase the Property.  This Tenant Estoppel Certificate (this “Certificate”) is being required as a condition to such purchase.  Accordingly, Tenant hereby certifies and confirms to Purchaser and acknowledges and agrees as
          follows:

      

      

      1.          A true, correct and complete copy of the Lease
          is attached hereto as Exhibit A, and the Lease has not been amended, assigned or modified other than as shown on Exhibit A.  The Lease is in full force and effect and constitutes the entire agreement between the Parties as to the Premises or any portion thereof.  There are no other agreements,
          written or oral, between Seller and Tenant relating to Tenant’s occupancy of the Premises, including, without limitation, any agreement with respect to any additional obligations of Seller not set forth in the Lease.

      

      

      2.          Rent, in the monthly amount of $[*], has been
          paid to the [*] day of the current month and all additional rent has been paid current.  No rent has been paid more than thirty (30) days in advance of its due date except [*].  Tenant has deposited with Seller a security deposit in the amount of
          $[*].  No portion of such security deposit has been applied to cure any default under the Lease.

      

      

      3.          Tenant is the current “Tenant” under the Lease
          and is currently in occupancy of the Premises.  The Lease commenced on [*] and the current term will expire on [*].  The rent commencement date, if different than the commencement date set forth above, is [*].  Tenant has no option to renew or
          extend the term of the Lease, except as follows: __________________.

      
        Exhibit 12-1

        
          

      

      4.          All work to be performed for Tenant by Seller
          under the Lease has been performed as required and has been accepted by Tenant, and any payments, free rent or other payments, credits, allowances or abatements required to be given by Seller to Tenant have already been received by Tenant, except
          _________________.

      

      

      5.          Neither Tenant nor, to Tenant’s knowledge,
          Seller is in default under the Lease and there is no event which, with the giving of notice and/or the passage of time, would constitute such a default.  Tenant has no present set-offs, claims or defenses to the enforcement of the Lease and no
          present reason, claim or ground to terminate the Lease or declare a default thereunder.

      

      

      6.          Neither Tenant nor, to Tenant’s knowledge,
          Seller, has commenced any action or given or received any notice for the purpose of terminating the Lease.  Tenant has received no notice of any prior sale, assignment, pledge or other transfer of the Lease or of rent received thereunder, except
          ______________________.

      

      

      7.          Tenant has not assigned the Lease or sublet
          all or a portion of the Premises. Tenant does not hold the Premises under assignment or sublease; nor does anyone except Tenant and Tenant’s employees occupy the Premises except ____________________________________.

      

      

      8.          Tenant has no right or option to purchase all
          or any part of the Premises or any building which is a part of the Premises or to occupy any additional space at the Property.

      

      

      9.          Landlord has the right to terminate the Lease
          upon [*] prior written notice to Tenant.

       

      10.        The person signing this Certificate on behalf
          of Tenant is duly authorized to execute and deliver this Certificate on behalf of Tenant.

       

      If a blank in this document is not filled in, the blank will be deemed to read “None.”

      
        Exhibit 12-2

        
          

      

      Tenant agrees that Purchaser may rely on the certifications set forth above as conclusive evidence of such matters, and all such
          certifications shall inure to the benefit of Purchaser and its successors and assigns, and shall be binding upon Tenant, and its successors and assigns.

       

      Dated this _____ day of ________, 20__.

      

      

      TENANT:

      

      

      
        	 	
                 

              	 ,

              
	
                a

              	
                 

              	
                 

              

      

      

      

      
        	
                By: 

                

              	
                 

              	
                 

              
	
                Name: 

                

              	
                 

              	
                 

              
	
                Its: 

                

              	
                 

              	
                 

              

      

      

      Address for Notices:

      
        

        

        
          	
                   

                	
                   

                
	
                   

                	
                   

                
	
                   

                	
                   

                

        

      

    

    
      Exhibit 12-3

      
        

    

    
      EXHIBIT A

      

      

      LEASE

      

      

      (To be attached)

       

        

      Exhibit 12-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]