Document:

EX-4.4

 Exhibit 4.4 

PUBLIC WARRANT AGREEMENT 
 C&W
ACQUISITION CORP. 
 and 

CONTINENTAL STOCK TRANSFER & TRUST COMPANY 

Dated [•], 2021 
 THIS
WARRANT AGREEMENT (this “Agreement”), dated [•], 2021, is by and between C&W Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Continental Stock Transfer &
Trust Company, a New York limited purpose trust company, as warrant agent (in such capacity, the “Warrant Agent”). 

WHEREAS, the Company is engaged in an initial public offering (the “Public Offering”) of units of the Company’s
equity securities, each such unit comprised of one Ordinary Share and one-quarter of one Warrant (as defined below) (the “Units”) and, in connection therewith, has determined to issue and deliver up to 7,187,500 redeemable
warrants (including up to 937,500 redeemable warrants subject to the Over-allotment Option) to public investors in the Public Offering (the “Warrants”). Each whole Warrant entitles the holder thereof to purchase one
Class A ordinary share of the Company, par value $0.0001 per share (“Ordinary Shares”), for $11.50 per share, subject to adjustment as described herein. Only whole Warrants are exercisable. A holder of the Warrants will
not be able to exercise any fraction of a Warrant; and 
 WHEREAS, the Company has filed with the Securities and Exchange Commission (the
“Commission”) registration statement on Form S-1, File No. 333-254188 (the “Registration Statement”), and a
prospectus (the “Prospectus”), for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Units, the Warrants and the Ordinary Shares included in the Units; and

 WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection
with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and 
 WHEREAS, the Company desires to provide
for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent and the holders of the Warrants; and 

WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and
countersigned by or on behalf of the Warrant Agent (if a physical certificate is issued), as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows: 

1. Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and
the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement. 

2. Warrants. 
 2.1
Form of Warrant. Each Warrant shall initially be issued in registered form only. 

  
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 2.2 Effect of Countersignature. If a physical certificate is issued, unless and until
countersigned by the Warrant Agent pursuant to this Agreement, a certificated Warrant shall be invalid and of no effect and may not be exercised by the holder thereof. 

2.3 Registration. 

2.3.1 Warrant Register. The Warrant Agent shall maintain books (the “Warrant Register”), for the registration
of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants in book-entry form, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such
denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. Ownership of beneficial interests in the Warrants shall be shown on, and the transfer of such ownership shall be effected through, records
maintained by institutions that have accounts with The Depository Trust Company (the “Depositary”) (such institution, with respect to a Warrant in its account, a “Participant”). 

If the Depositary subsequently ceases to make its book-entry settlement system available for the Warrants, the Company may instruct the
Warrant Agent regarding making other arrangements for book-entry settlement. In the event that the Warrants are not eligible for, or it is no longer necessary to have the Warrants available in, book-entry form, the Warrant Agent shall provide
written instructions to the Depositary to deliver to the Warrant Agent for cancellation each book-entry Warrant, and the Company shall instruct the Warrant Agent to deliver to the Depositary definitive certificates in physical form evidencing such
Warrants (“Definitive Warrant Certificates”) which shall be in the form annexed hereto as Exhibit A. 

Physical certificates, if issued, shall be signed by, or bear the facsimile signature of, the Chairman of the Board, Chief Executive Officer,
Chief Financial Officer, Chief Operating Officer or any other principal officer of the Company. In the event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed
the Warrant before such Warrant is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 

2.3.2 Registered Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may
deem and treat the person in whose name such Warrant is registered in the Warrant Register (the “Registered Holder”) as the absolute owner of such Warrant and of each Warrant represented thereby, for the purpose of any
exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. 

2.4 Detachability of Warrants. The Ordinary Shares and Warrants comprising the Units shall begin separate trading on the 52nd day
following the date of the Prospectus or, if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday, on which banks in New York City are generally open for normal business (a “Business Day”), then on
the immediately succeeding Business Day following such date, or earlier (the “Detachment Date”) with the consent of Citigroup Global Markets Inc. and BofA Securities, Inc., but in no event shall the Ordinary Shares and the
Warrants comprising the Units be separately traded until (A) the Company has filed a Current Report on Form 8-K with the Commission containing an audited balance sheet reflecting the receipt by the
Company of the gross proceeds of the Public Offering, including the proceeds then received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Public Offering (the “Over-allotment
Option”), if the Over-allotment Option is exercised prior to the filing of the Current Report on Form 8-K, and (B) the Company issues a press release announcing when such separate trading
shall begin. 
 2.5 Fractional Warrants. The Company shall not issue fractional Warrants other than as part of the Units, each of
which is comprised of one Ordinary Share and one-quarter of one whole Warrant. If, upon the detachment of Warrants from the Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to
the nearest whole number the number of Warrants to be issued to such holder. 

  
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 3. Terms and Exercise of Warrants. 

3.1 Warrant Price. Each whole Warrant shall entitle the Registered Holder thereof, subject to the provisions of such Warrant and of
this Agreement, to purchase from the Company the number of Ordinary Shares stated therein, at the price of $11.50 per share, subject to the adjustments provided in Section 4 hereof and in the last sentence of this
Section 3.1. The term “Warrant Price” as used in this Agreement shall mean the price per share (including in cash or by payment of Warrants pursuant to a “cashless exercise,” to the extent
permitted hereunder) described in the prior sentence at which Ordinary Shares may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined
below) for a period of not less than twenty Business Days (unless otherwise required by the Commission, any national securities exchange on which the Warrants are listed or applicable law); provided that the Company shall provide at least five
days’ prior written notice of such reduction to Registered Holders of the Warrants; and provided further, that any such reduction shall be identical among all of the Warrants. 

3.2 Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise Period”) (A) that is
thirty (30) days after the first date on which the Company completes its initial merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, involving the Company and one or more businesses (a
“Business Combination”), and (B) terminating at the earliest to occur of (x) 5:00 p.m., New York City time on the date that is five (5) years after the date on which the Company completes its initial Business
Combination, (y) the liquidation of the Company in accordance with the Company’s amended and restated memorandum and articles of association, as amended from time to time, if the Company fails to complete a Business Combination, and
(z) 5:00 p.m., New York City time on the Redemption Date (as defined below) as provided in Section 6.2 hereof (the “Expiration Date”); provided, however, that the exercise of any Warrant shall
be subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 below, with respect to an effective registration statement or a valid exemption therefrom being available. Except with respect to
the right to receive the Redemption Price (as defined below) in the event of a redemption (as set forth in Section 6 hereof), each Warrant not exercised on or before the Expiration Date shall become void, and all rights
thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date;
provided that the Company shall provide at least twenty (20) days prior written notice of any such extension to Registered Holders of the Warrants and, provided further that any such extension shall be identical in duration among all the
Warrants. 
 3.3 Exercise of Warrants. 

3.3.1 Payment. Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder
thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised
(the “Book-Entry Warrants”) on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to the Depositary from time to time, (ii) an
election to purchase (“Election to Purchase”) any Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive Warrant Certificate or, in the
case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each Ordinary Share as to which the Warrant is exercised and any and
all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Ordinary Shares and the issuance of such Ordinary Shares, as follows: 

(a) in lawful money of the United States, in good certified check or good bank draft payable to the order of the Warrant Agent;

 (b) in the event of redemption pursuant to Section 7.4.2 hereof in which the Company’s
management has elected to force all holders of Warrants to exercise such Warrants on a “cashless basis,” by exchanging the Warrants for that number of Ordinary Shares per Warrant equal to the quotient obtained by dividing (x) the
excess of the 10-Day VWAP as of the date of exchange over the Warrant Price by (y) the 10-Day VWAP as of the date of exchange; or 

  
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 (c) as provided in Section 7.4.1 hereof. 

3.3.2 Issuance of Ordinary Shares on Exercise. As soon as practicable after the exercise of any Warrant and the clearance of the funds
in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such Warrant a book-entry position or certificate, as applicable, for the number of
Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it on the register of members of the Company, and if such Warrant shall not have been exercised in full, a new book-entry position
or countersigned Warrant, as applicable, for the number of shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing, the Company shall not be obligated to deliver any Ordinary Shares pursuant to the exercise of a
Warrant and shall have no obligation to settle such Warrant exercise unless (i) a registration statement under the Securities Act with respect to the Ordinary Shares underlying the Warrants is then effective and a prospectus relating thereto is
current, subject to the Company’s satisfying its obligations under Section 7.4 or (ii) a valid exemption from registration is available. No Warrant shall be exercisable and the Company shall not be obligated to
issue Ordinary Shares upon exercise of a Warrant unless the Ordinary Shares issuable upon such Warrant exercise have been registered, qualified or deemed to be exempt from registration or qualification under the securities laws of the state of
residence of the Registered Holder of the Warrants. Subject to Section 4.7 of this Agreement, a Registered Holder of Warrants may exercise its Warrants only for a whole number of Ordinary Shares. The Company may require
holders of Warrants to settle the Warrant on a “cashless basis” pursuant to Section 7.4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled,
upon the exercise of such Warrant, to receive a fractional interest in an Ordinary Share, the Company shall round down to the nearest whole number, the number of Ordinary Shares to be issued to such holder. For the avoidance of doubt, in no event
will the Company be required to pay cash to the holder of any Warrant. 
 3.3.3 Valid Issuance. All Ordinary Shares issued upon the
proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and nonassessable. 
 3.3.4 Date of
Issuance. Each person in whose name any book-entry position or certificate, as applicable, for Ordinary Shares is issued and who is registered in the register of members of the Company shall for all purposes be deemed to have become the holder
of record of such Ordinary Shares on the date on which the Warrant, or book-entry position representing such Warrant, was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate in the case of
a certificated Warrant, except that, if the date of such surrender and payment is a date when the register of members of the Company or book-entry system of the Warrant Agent are closed, such person shall be deemed to have become the holder of such
shares at the close of business on the next succeeding date on which the share transfer books or book-entry system are open. 
 3.3.5
Maximum Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be
subject to this subsection 3.3.5 unless he, she or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s Warrant, and such holder shall not have
the right to exercise such Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own in excess of 9.8% (the
“Maximum Percentage”) of the Ordinary Shares outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of Ordinary Shares beneficially owned by such person and
its affiliates shall include the number of Ordinary Shares issuable upon exercise of the Warrant with respect to which the determination of such sentence is being made, but shall exclude Ordinary Shares that would be issuable upon (x) exercise
of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such
person and its affiliates (including, without limitation, any convertible notes or convertible preferred shares or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in the
preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For purposes of the
Warrant, in determining the number of outstanding Ordinary Shares, the holder may rely on the number of outstanding Ordinary Shares as reflected in (1) the Company’s most recent Annual Report on Form
10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing

  
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with the Commission as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or Continental Stock Transfer & Trust
Company, as transfer agent (in such capacity, the “Transfer Agent”), setting forth the number of Ordinary Shares outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company
shall, within two (2) Business Days, confirm orally and in writing to such holder the number of Ordinary Shares then outstanding. In any case, the number of issued and outstanding Ordinary Shares shall be determined after giving effect to the
conversion or exercise of equity securities of the Company by the holder and its affiliates since the date as of which such number of issued and outstanding Ordinary Shares was reported. By written notice to the Company, the holder of a Warrant may
from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any such increase shall not be effective until the sixty-first (61st) day
after such notice is delivered to the Company. 
 4. Adjustments. 

4.1 Share Capitalizations. 

4.1.1 Sub-Divisions. If after the date hereof, and subject to the provisions of
Section 4.6 below, the number of issued and outstanding Ordinary Shares is increased by a capitalization or share dividend of Ordinary Shares, or by a sub-division of Ordinary Shares
or other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be increased in
proportion to such increase in the issued and outstanding Ordinary Shares. A rights offering made to all or substantially all holders of Ordinary Shares entitling holders to purchase Ordinary Shares at a price less than the Historical Fair Market
Value (as defined below) shall be deemed a capitalization of a number of Ordinary Shares equal to the product of (i) the number of Ordinary Shares actually sold in such rights offering (or issuable under any other equity securities sold in such
rights offering that are convertible into or exercisable for the Ordinary Shares) multiplied by (ii) one (1) minus the quotient of (x) the price per Ordinary Share paid in such rights offering divided by (y) the Historical Fair
Market Value. For purposes of this subsection 4.1.1, if the rights offering is for securities convertible into or exercisable for Ordinary Shares, in determining the price payable for Ordinary Shares, there shall be taken
into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion. “10-Day VWAP” means, as of any date, the volume weighted
average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to such date. “Historical Fair Market Value” means the 10-Day VWAP as of
the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. Notwithstanding anything to the contrary herein, no Ordinary Shares shall be issued
at less than their par value. 
 4.1.2 Extraordinary Dividends. If the Company, at any time while the Warrants are outstanding and
unexpired, pays to all or substantially all of the holders of the Ordinary Shares a dividend or make a distribution in cash, securities or other assets on account of such Ordinary Shares (or other shares into which the Warrants are convertible),
other than (a) as described in subsection 4.1.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the Ordinary Shares in connection with a proposed
initial Business Combination, (d) to satisfy the redemption rights of the holders of the Ordinary Shares in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (i) to
modify the substance or timing of the Company’s obligation to provide holders of Ordinary Shares the right to have their shares redeemed in connection with the Company’s initial Business Combination or to redeem 100% of the Company’s
public shares if it does not complete its initial Business Combination within the time period required by the Company’s Amended and Restated Memorandum and Articles of Association, as amended from time to time, or (ii) with respect to any
other provision relating to the rights of holders of Ordinary Shares, (e) as a result of the repurchase of Ordinary Shares by the Company if a proposed initial Business Combination is presented to the shareholders of the Company for approval or
(f) in connection with the redemption of public shares upon the failure of the Company to complete its initial Business Combination and any subsequent distribution of its assets upon its liquidation (any such
non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately after the effective date of such
Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Company’s board of directors (the “Board”), in good faith) of any securities or other assets paid on each Ordinary Share in
respect of such Extraordinary Dividend. For purposes of this subsection 4.1.2, “Ordinary Cash Dividends” means any cash 

  
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dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Ordinary Shares during the 365-day period ending on the date of declaration of such dividend or distribution to the extent it does not exceed $0.50 (which amount shall be adjusted to appropriately reflect any of the events referred to in
other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of Ordinary Shares issuable on exercise of each Warrant). 

4.2 Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 4.6 hereof, the
number of issued and outstanding Ordinary Shares is decreased by a consolidation, combination, reverse share split or reclassification of Ordinary Shares or other similar event, then, on the effective date of such consolidation, combination, reverse
share split, reclassification or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be decreased in proportion to such decrease in issued and outstanding Ordinary Shares. 

4.3 Adjustments in Exercise Price. Whenever the number of Ordinary Shares purchasable upon the exercise of the Warrants is adjusted, as
provided in subsection 4.1.1 or Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction
(x) the numerator of which shall be the number of Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of Ordinary Shares so purchasable
immediately thereafter. 
 4.4 Raising of the Capital in Connection with the Initial Business Combination. If (x) the Company
issues additional Ordinary Shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per Ordinary Share (with such
issue price or effective issue price to be determined in good faith by the Board and, in the case of any such issuance to C&W Acquisition Corp. Sponsor, L.L.C., a Cayman Islands limited liability company (the “Sponsor”),
or its affiliates, without taking into account any Class B ordinary shares, par value $0.0001 per share, of the Company held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued
Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination on the date of the
completion of the Company’s initial Business Combination (net of redemptions), and (z) the 10-day VWAP as of the day on which the Company consummates its initial Business Combination (such price, the
“Market Value”) is below $9.20 per share, the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger
price described in Section 6.1 shall be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. 

4.5 Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the issued and outstanding
Ordinary Shares (other than a change covered by Section 4.1 or Section 4.2 hereof or that solely affects the par value of such Ordinary Shares), or in the case of any merger or consolidation of the
Company with or into another entity in which any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) acquires more than 50% of the voting power of the Company’s then outstanding
securities eligible to vote for the election of directors to the Board, or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety, the
holders of the Warrants shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and
receivable upon the exercise of the rights represented thereby, the kind and amount of shares or stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a
dissolution following any such sale or transfer, that the holder of the Warrants would have received if such holder had exercised his, her or its Warrant(s) immediately prior to such event (the “Alternative Issuance”);
provided, however, that if the holders of the Ordinary Shares were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets receivable upon such consolidation or merger, then the kind and amount of
securities, cash or other assets constituting the Alternative Issuance for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount received per share by the holders of the Ordinary Shares in such
consolidation or merger that affirmatively make such election; provided further that if less than 70% of the 

  
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consideration receivable by the holders of the Ordinary Shares in the applicable event is payable in the form of shares in the successor entity that is listed for trading on a national securities
exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the Registered
Holder properly exercises the Warrant within thirty (30) days following the public disclosure of the consummation of such applicable event by the Company pursuant to a Current Report on Form 8-K filed
with the Commission, the Warrant Price shall be reduced by an amount (in dollars) equal to the difference of (i) the Warrant Price in effect prior to such reduction minus (ii) (A) the Per Share Consideration (as defined below) (but in no
event less than zero) minus (B) the Black-Scholes Warrant Value (as defined below). The “Black-Scholes Warrant Value” means the value of a Warrant immediately prior to the consummation of the applicable event based on
the Black-Scholes Warrant Model for a Capped American Call on Bloomberg Financial Markets (assuming zero dividends) (“Bloomberg”). For purposes of calculating such amount, (i) Section 6.1
of this Agreement shall be taken into account for purposes of the Warrants, (ii) the price of each Ordinary Share shall be the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the
trading day prior to the effective date of the applicable event, (iii) the assumed volatility shall be the 90 day volatility obtained from the HVT function on Bloomberg determined as of the trading day immediately prior to the day of the
announcement of the applicable event and (iv) the assumed risk-free interest rate shall correspond to the U.S. Treasury rate for a period equal to the remaining term of the Warrant. “Per Share Consideration” means
(i) if the consideration paid to holders of the Ordinary Shares consists exclusively of cash, the amount of such cash per Ordinary Share, and (ii) in all other cases, the volume weighted average price of the Ordinary Shares during the ten
(10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in Ordinary Shares covered by subsection 4.1.1,
then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this
Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event shall the Warrant Price be reduced to less than the par value per share
issuable upon exercise of such Warrant. 
 4.6 Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the
number of shares issuable upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number
of shares purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in
Sections 4.1, 4.2, 4.3, 4.4 or 4.5, the Company shall give written notice of the occurrence of such event to each holder of a Warrant, at the last address set forth for such holder in the Warrant
Register, of the record date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event. 

4.7 No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue
fractional shares upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional
interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of Ordinary Shares to be issued to such holder. 

4.8 Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this
Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially issued pursuant to this Agreement; provided, however, that the
Company may at any time in its sole discretion make any change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or
substitution for an outstanding Warrant or otherwise, may be in the form as so changed. 
 5. Transfer and Exchange of Warrants. 

5.1 Registration of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the
Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal aggregate
number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. In the case of certificated Warrants, the Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request.

  
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 5.2 Procedure for Surrender of Warrants. Warrants may be surrendered to the Warrant
Agent, together with a written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the Warrants so surrendered, representing an equal
aggregate number of Warrants; provided, however, that except as otherwise provided herein or with respect to any Book-Entry Warrant, each Book-Entry Warrant may be transferred only in whole and only to the Depositary, to another nominee of the
Depositary, to a successor depository, or to a nominee of a successor depository; provided further, however that in the event that a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent shall not cancel
such Warrant and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.

 5.3 Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which shall
result in the issuance of a warrant certificate or book-entry position for a fraction of a warrant, except as part of the Units. 
 5.4
Service Charges. No service charge shall be made for any exchange or registration of transfer of Warrants. 
 5.5 Warrant
Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this
Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose. 

5.6 Transfer of Warrants. Prior to the Detachment Date, the Warrants may be transferred or exchanged only together with the Unit in
which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the
Warrants included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Warrants on and after the Detachment Date. 

6. Redemption. 
 6.1
Redemption of Warrants. All, but not less than all, of the outstanding Warrants may be redeemed for cash, at the option of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered
Holders of the Warrants, as described in Section 6.2 below, at a Redemption Price of $0.01 per Warrant, provided that (a) the Reference Value equals or exceeds $18.00 per share (subject to adjustment in compliance with
Section 4 hereof) and (b) there is an effective registration statement covering the issuance of the Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available
throughout the 30-day Redemption Period (as defined in Section 6.2 below), or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant
to Section 3.1.1(b); provided, however, that if and when the Warrants become redeemable by the Company, the Company may not exercise such redemption right if the issuance of Ordinary Shares upon exercise of the Warrants is
not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification. 

6.2 Date Fixed for, and Notice of, Redemption; Redemption Price; Reference Value. In the event that the Company elects to redeem all of
the Warrants pursuant to Section 6.1, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the
Company not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their last
addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received such notice. As used in this Agreement,
(a) “Redemption Price” shall mean the price per Warrant at which any Warrants are redeemed pursuant to Section 6.1 and (b) “Reference Value” shall mean the 10-Day VWAP as of the date on which notice of redemption is given. 

  
 Page 8 

 6.3 Exercise After Notice of Redemption. The Warrants may be exercised for cash (or
on a “cashless basis” in accordance with Section 3) at any time after notice of redemption shall have been given by the Company pursuant to Section 6.2 hereof and prior to the Redemption
Date. In the event the Company determines to require all holders of Warrants to exercise their Warrants on a “cashless basis” pursuant to Section 3.1.1(b), the notice of redemption will contain the information
necessary to calculate the number of Ordinary Shares to be received upon exercise of the Warrants. On and after the Redemption Date, the record holder of the Warrants shall have no further rights except to receive, upon surrender of the Warrants,
the Redemption Price. 
 7. Other Provisions Relating to Rights of Holders of Warrants. 

7.1 No Rights as Shareholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of a shareholder of the
Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights, to vote or to consent or to receive notice as shareholders in respect of the meetings of shareholders or the election of
directors of the Company or any other matter. 
 7.2 Lost, Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen,
mutilated, or destroyed, the Company and the Warrant Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of
like denomination, tenor, and date as the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated, or destroyed
Warrant shall be at any time enforceable by anyone. 
 7.3 Reservation of Ordinary Shares. The Company shall at all times reserve and
keep available a number of its authorized but unissued Ordinary Shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement. 

7.4 Registration of Ordinary Shares; Cashless Exercise at Company’s Option. 

7.4.1 Registration of the Ordinary Shares. The Company agrees that as soon as practicable, but in no event later than twenty
(20) Business Days after the closing of its initial Business Combination, it shall use its commercially reasonable efforts to file with the Commission a post-effective amendment to the Registration Statement, or a new registration statement
registering, under the Securities Act, the issuance of the Ordinary Shares issuable upon exercise of the Warrants. The Company shall use its commercially reasonable efforts to cause the same to become effective and to maintain the effectiveness of
such post-effective amendment or registration statement, and a current prospectus relating thereto, until the expiration or redemption of the Warrants in accordance with the provisions of this Agreement. If any such post-effective amendment or
registration statement has not been declared effective by the sixtieth (60th) Business Day following the closing of the Business Combination, holders of the Warrants shall have the right,
during the period beginning on the sixty-first (61st) Business Day after the closing of the Business Combination and ending upon such post-effective amendment or registration statement
being declared effective by the Commission, and during any other period when the Company shall fail to have maintained an effective registration statement covering the issuance of the Ordinary Shares issuable upon exercise of the Warrants, to
exercise such Warrants on a “cashless basis,” by exchanging the Warrants (in accordance with Section 3(a)(9) of the Securities Act or another exemption) for that number of Ordinary Shares per Warrant equal to (A) the quotient
obtained by dividing (x) the excess of the 10-Day VWAP as of the date of exchange over the Warrant Price by (y) the 10-Day VWAP as of the date of exchange.
The date that notice of “cashless exercise” is received by the Warrant Agent shall be conclusively determined by the Warrant Agent. In connection with the “cashless exercise” of a Warrant, the Company shall, upon request,
provide the Warrant Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience) stating that (i) the exercise of the Warrants on a “cashless basis” in accordance with this
subsection 7.4.1 is not required to be registered under the Securities Act and (ii) the Ordinary Shares issued upon such exercise shall be freely tradable under United States federal securities laws by anyone who is
not an affiliate (as such term is defined in Rule 144 under the Securities Act) of the Company and, accordingly, shall not be required to bear a restrictive legend. Except as provided in subsection 7.4.2, for the avoidance
of doubt, unless and until all of the Warrants have been exercised or have expired, the Company shall continue to be obligated to comply with its registration obligations under the first three sentences of this
subsection 7.4.1. 

  
 Page 9 

 7.4.2 Cashless Exercise at Company’s Option. If the Ordinary
Shares are at the time of any exercise of a Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its
option, (i) require holders of Warrants who exercise Warrants to exercise such Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act as described in subsection 7.4.1 and
(ii) in the event the Company so elects, the Company shall (x) not be required to file or maintain in effect a registration statement for the registration, under the Securities Act, of the Ordinary Shares issuable upon exercise of the
Warrants, notwithstanding anything in this Agreement to the contrary, and (y) use its commercially reasonable efforts to register or qualify for sale the Ordinary Shares issuable upon exercise of the Warrant under applicable blue sky laws to
the extent an exemption is not available. 
 8. Concerning the Warrant Agent and Other Matters. 

8.1 Payment of Taxes. The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company or
the Warrant Agent in respect of the issuance or delivery of Ordinary Shares upon the exercise of the Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares. 

8.2 Resignation, Consolidation, or Merger of Warrant Agent. 

8.2.1 Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and
be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company
shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after it has been notified in writing of such resignation or incapacity by
the Warrant Agent or by the holder of a Warrant (who shall, with such notice, submit his, her or its Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of New
York for the appointment of a successor Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation or other entity organized and existing under the laws of the
State of New York, in good standing and having its principal office in the United States of America, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state authority. After
appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any
further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority,
powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in
and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations. 
 8.2.2 Notice
of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof to the predecessor Warrant Agent and the Transfer Agent for the Ordinary Shares not later than the effective date of any
such appointment. 
 8.2.3 Merger or Consolidation of Warrant Agent. Any entity into which the Warrant Agent may be merged or with
which it may be consolidated or any entity resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement without any further act. 

8.3 Fees and Expenses of Warrant Agent. 

8.3.1 Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent
hereunder and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder. 

  
 Page 10 

 8.3.2 Further Assurances. The Company agrees to perform, execute, acknowledge, and
deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this
Agreement. 
 8.4 Liability of Warrant Agent. 

8.4.1 Reliance on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it
necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed
to be conclusively proved and established by a statement signed by the Chief Executive Officer, the Chief Financial Officer, Chief Operating Officer or the Chairman of the Board of the Company and delivered to the Warrant Agent. The Warrant Agent
may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement. 
 8.4.2
Indemnity. The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct, fraud or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities,
including judgments, out-of-pocket costs and reasonable outside counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement,
except as a result of the Warrant Agent’s gross negligence, willful misconduct, fraud or bad faith. 
 8.4.3 Exclusions. The
Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution of any Warrant (except its countersignature thereof). The Warrant Agent shall not be responsible for any breach by
the Company of any covenant or condition contained in this Agreement or in any Warrant. The Warrant Agent shall not be responsible to make any adjustments required under the provisions of Section 4 hereof or responsible for
the manner, method, or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or
reservation of any Ordinary Shares to be issued pursuant to this Agreement or any Warrant or as to whether any Ordinary Shares shall, when issued, be valid and fully paid and nonassessable. 

8.5 Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon
the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the
purchase of Ordinary Shares through the exercise of the Warrants. 
 8.6 Waiver. The Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”) in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement,
dated as of the date hereof, by and between the Company and Continental Stock Transfer & Trust Company as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust
Account for any reason whatsoever. The Warrant Agent hereby waives any and all Claims against the Trust Account and any and all rights to seek access to the Trust Account. 

9. Miscellaneous Provisions. 

9.1 Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind
and inure to the benefit of their respective successors and assigns. 
 9.2 Notices. Any notice, statement or demand authorized by
this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service
within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: 

C&W Acquisition Corp. 
 225
West Wacker Drive, Suite 3000 
 Chicago, Illinois 60606 

Attention: Nathaniel Robinson 

  
 Page 11 

 with a copy to: 

Kirkland & Ellis LLP 

300 North LaSalle 
 Chicago,
Illinois 60654 
 Attention: Robert M. Hayward, P.C. / Kevin Frank 

Any notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent
shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed
in writing by the Warrant Agent with the Company), as follows: 
 Continental Stock Transfer & Trust Company 

One State Street, 30th Floor 
 New
York, NY 10004 
 Attention: Compliance Department 

9.3 Applicable Law and Exclusive Forum. The validity, interpretation, and performance of this Agreement and of the Warrants shall be
governed in all respects by the laws of the State of New York. Subject to applicable law, the Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced
in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive forum for any such action, proceeding or claim. The
Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions of this paragraph will not apply to suits brought to enforce any liability or duty
created by the Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive forum. 

Any person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented to
the forum provisions in this Section 9.3. If any action, the subject matter of which is within the scope the forum provisions above, is filed in a court other than a court located within the State of New York or the United
States District Court for the Southern District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction of the state and
federal courts located within the State of New York or the United States District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement
action”), and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder. 

9.4 Persons Having Rights under this Agreement. Nothing in this Agreement shall be construed to confer upon, or give to, any person,
corporation or other entity other than the parties hereto and the Registered Holders of the Warrants any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. All
covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants. 

9.5 Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the
Warrant Agent in the United States of America, for inspection by the Registered Holder of any Warrant. The Warrant Agent may require any such holder to submit such holder’s Warrant for inspection by the Warrant Agent. 

  
 Page 12 

 9.6 Counterparts. This Agreement may be executed in any number of original or
facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

9.7 Effect of Headings. The section headings herein are for convenience only and are not part of this Agreement and shall not affect
the interpretation thereof. 
 9.8 Amendments. This Agreement may be amended by the parties hereto without the consent of any
Registered Holder for the purpose of (i) curing any ambiguity or to correct any mistake, including to conform the provisions hereof to the description of the terms of the Warrants and this Agreement set forth in the Prospectus, or defective
provision contained herein, (ii) amending the definition of “Ordinary Cash Dividend” as contemplated by and in accordance with the second sentence of subsection 4.1.2 or (iii) adding or changing any
provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the rights of the Registered Holders under this Agreement. All other
modifications or amendments, including any modification or amendment to increase the Warrant Price or shorten the Exercise Period, shall require the vote or written consent of the Registered Holders of at least 50% of the then-outstanding Warrants.
Notwithstanding anything to the contrary herein, the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the
Registered Holders. 
 9.9 Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term
or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall
be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 

Exhibit A — Form of Warrant Certificate 

  
 Page 13 

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

			
	C&W Acquisition Corp.
		
	By:	 	 
		 	Name: Nathaniel Robinson
		 	Title: Chief Executive Officer

  

			
	 CONTINENTAL STOCK TRANSFER & TRUST COMPANY,

as Warrant Agent

		
	By:	 	 
		 	Name:
		 	Title:Exhibit 10.1

 

PURCHASE AND SALE AGREEMENT

 

THIS
PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into this 18th day of August 2021,
by and between MEDALIST DIVERSIFIED HOLDINGS, L.P., a Delaware limited partnership, or its permitted designee or assignee (the “Purchaser”),
and CONTINENTAL PARKWAY, LLC, a Virginia limited liability company (the “Seller”).

 

RECITALS:

 

A.            Seller
currently owns fee simple interest in and to certain real estate located in Virginia Beach, Virginia, which is legally described in Exhibit “A”
attached to this Agreement (the “Land”).

 

B.            Purchaser
desires to purchase from Seller and Seller desires to sell to Purchaser the Project (as hereinafter defined) in accordance with the terms
and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the mutual covenants and conditions hereinafter set forth, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereby agree as follows:

 

1.            Agreement
to Purchase. Subject to the terms and conditions of this Agreement and the above recitals which are by this reference incorporated
into this Agreement, Seller agrees to sell to Purchaser and Purchaser agrees to purchase from Seller all the following described property
(collectively, “Project”):

 

A.            The
Land and all rights, privileges, easements, and appurtenances to the Land owned by Seller, including, without limitation, all, if any,
oil, gas and mineral rights, easements, rights-of-way, gas and hydrocarbons, entitlements and other appurtenances used or connected with
the beneficial use or enjoyment of the Land; and all right, title and interest of Seller in and to all streets, water courses or water
bodies adjacent to, abutting or serving the Land.

 

B.            Those
certain buildings located upon the Land and containing 33,599 square feet and 35,144 square feet of rentable space, respectively, and
identified with the common street address of 2697 International Parkway, Parkway 3 & 4, Virginia Beach, Virginia, GPIN 14965572280000,
and all other improvements, structures, elevators, fixtures, parking areas and other improvements of any kind or nature whatsoever now
or hereafter located on the Land (collectively, the “Building”) (the Land and Building are sometimes collectively,
the “Real Property”).

 

C.            All
equipment, apparatus, machinery, appliances, furnishings, signs, site plans, surveys, soil, and substrata studies, plans and specifications,
engineering plans and studies, floor plans and other plans or studies of any kind, fixtures and personal and tangible property owned by
Seller and used or usable in connection with the operation and ownership of the Building or the Land (collectively, the “Personal
Property”).

 

D.            All
intangible property now or hereafter owned, controlled or held by Seller between the Effective Date and the Closing (as hereinafter defined),
solely in connection with the Building and the Personal Property, including without limitation: (i) all guaranties and warranties,
including guaranties and warranties pertaining to construction of the Building (collectively, “Warranties”); (ii) all
air rights, excess floor area rights and other development rights relating or appurtenant to the Land or the Building; (iii) all
rights to obtain utility service in connection with the Building and the Land; (iv) assignable licenses and other governmental permits
and permissions relating to the Land, the Building, and the operation thereof (collectively, “Permits”); (v) all
contracts and contract rights identified on Exhibit “B” attached to this Agreement (collectively, “Project
Contracts”), which are Assumed Contracts (as hereinafter defined); and (vi) all trademarks and trade names (all of the
foregoing are collectively, “Intangible Property”).

 

     

     

    

 

E.            All
of Seller's right, title, and interest as landlord under any leases, possessory licenses, and concession agreements (each, a "Lease"
and collectively, "Leases"), a schedule identifying same and listing the relevant terms of all of which are listed on Exhibit “C”
attached to this Agreement together with any guarantees thereof and security deposits thereunder.

 

2.            Purchase
Price. Subject to prorations and credits as provided in this Agreement, the Purchase Price (the “Purchase Price”)
for the Project shall be Seven Million Three Hundred Thousand and 00/100 Dollars ($7,300,000.00), which shall be payable and allocated
as follows:

 

A.            Initial
Earnest Money. Within one (1) business day following the mutual execution of this Agreement by both Purchaser and Seller (the
 “Effective Date”), Purchaser shall deliver to Tryon Title Agency, LLC, 7400 Beaufont Springs Drive, Suite 300,
Richmond, VA 23225; Attn: Steve Francis; Email: steve@tryontitle.com; Phone: (804) 720-4961 (the “Title Company”)
the sum of One Hundred Thousand and 00/100 Dollars ($100,000.00) as earnest money (said money, including any and all interest accrued
thereon, is collectively, the “Initial Earnest Money”).

 

B.            Additional
Earnest Money. Within three (3) days of the expiration of the Inspection Period (defined below), Purchaser shall deliver to the
Title Company the sum of One Hundred Thousand and 00/100 Dollars ($100,000.00) as additional earnest money (said money, including any
and all interest accrued thereon, is collectively, the “Additional Earnest Money, and, collectively with the Initial Earnest
Money, the “Earnest Money”), which Additional Earnest Money shall be non-refundable to Purchaser except as otherwise
expressly set forth in this Agreement. For avoidance of doubt, any reference to the remittance or application of the Earnest Money in
favor of Purchaser or Seller in this Agreement shall only apply to that certain portion of the Earnest Money that has been deposited at
such time, in accordance with this Agreement. The Earnest Money shall be held in a joint order escrow to be entered into between Seller
and Purchaser with the Title Company in the form of Exhibit “D” attached to this Agreement and shall be
invested for Purchaser’s benefit and all income earned thereon shall be paid to Purchaser. The Earnest Money shall be applied toward
the Purchase Price at Closing otherwise disbursed to the party entitled thereto in accordance with the provisions of this Agreement.

 

C.            Balance.
On or before the Closing Date (as hereinafter defined), Purchaser shall deposit with the Title Company the balance of the Purchase Price,
in cash, or by certified or cashier's check or Federal wire transfer, together with such additional funds for Purchaser's share of closing
costs and prorations as may be required pursuant to this Agreement.

 

3.            Closing.
Subject to the terms and conditions contained in this Agreement, the consummation of the transactions contemplated in this Agreement (the
 “Closing”) shall take place on a date (the “Closing Date”) designated by Purchaser in writing pursuant
to Section 7(D) of this Agreement and which is on or before fifteen (15) days following the expiration of the Inspection
Period (defined below). The transactions contemplated by this Agreement shall be closed through an escrow with the Title Company on the
Closing Date, in accordance with the general provisions of the usual form of Escrow Agreement then in use by Title Company, with such
special provisions inserted in such escrow agreement as may be required to conform with this Agreement (“Escrow”).
Notwithstanding anything to the contrary in this Agreement, if this is to be an Escrow closing, then upon the creation of the Escrow,
payment of the Purchase Price and delivery of the Deed (as hereinafter defined) and other documents to be delivered pursuant to Section 6
of this Agreement, shall be made through the Escrow. Seller and Purchaser shall execute gap undertakings in the form required by the Title
Company if required by the Title Company.

 

    2

     

    

 

4.            Documents
to be Delivered by Seller.

 

A.            Seller
agrees to deliver to Purchaser within five (5) days of the Effective Date true and correct copies of those certain documents, reports
and materials more particularly described in Exhibit “M” attached hereto, and all of the following pertaining
to the Project, solely to the extent such materials are in the actual possession or control of Seller or Seller’s property manager
(collectively, the “Due Diligence Materials”):

 

i.            Certificates
of occupancy and other necessary governmental licenses or approvals.

 

ii.            “As-built”
plans and specifications for the Building and any modifications or amendments thereto, and copies of any reports or studies (including
engineering, soil boring and physical inspection reports of employees, principals, consultants, governmental authorities, or insurance
carriers) in Seller's possession or control in respect of the physical condition or operation of the Project or recommended improvements
thereto.

 

iii.            Real
estate tax bills issued for the three (3) most recent years for which bills have been. If any tax bills or assessments for said years
have been appealed, Seller shall provide Purchaser with copies of all petitions for appeal and evidence of full payment, to date, of the
cost of any such appeals including the full payment of attorneys' fees and costs.

 

iv.            All
Project Contracts.

 

v.            A
schedule listing all Personal Property.

 

vi.            The
Leases.

 

vii.            Accounting
books and records including financial statements of operations (the “Financial Statements”) prepared for the Project
for the two most recent complete years, as well as year-to-date operating statements for the Project.

 

viii.            All
guaranties, warranties and other documents or instruments evidencing or relating to the Building, Personal Property, or the Intangible
Property.

 

ix.            All
contracts for construction, repair, or capital replacement to be performed at the Project or covering such work performed during the two
(2) years immediately preceding the Effective Date.

 

x.            Most
recent title policy and survey.

 

xi.            All
other studies, reports, maps, and documents related to the Project that are in Seller’s possession.

 

B.            Except
as otherwise set forth herein, the documents and information delivered by Seller to Purchaser and any additional information requested
by Purchaser are being furnished to Purchaser for information purposes only. Purchaser acknowledges and agrees that it is accepting the
documents with the understanding that the information therein has been compiled by persons and entities other than Seller, and Seller
has not verified and does not independently certify that the information contained therein is true, correct, or complete in all respects
except as otherwise set forth herein.

 

    3

     

    

 

C.            Purchaser
may be required to conduct an audit of the Project’s operations in accordance with U.S. Securities and Exchange Commission regulations.
If so, Purchaser shall bear all costs associated with such audit. Seller shall provide any information reasonably requested by the Purchaser’s
auditors, to the extent that such information is in the actual possession or control of Seller or Seller’s property manager.

 

5.            Title
and Survey.

 

A.            Conditions
of Title. On the Closing Date, good and marketable fee simple title to the Real Property shall be conveyed by Seller to Purchaser
or its nominee by a special warranty deed (the “Deed”), subject only to the Permitted Exceptions (as hereinafter defined).

 

B.            Title.

 

i.            Title
Insurance Commitment. Promptly after the Effective Date, Purchaser shall order: (a) a commitment (the “Commitment”)
for an Owner’s Policy of Title Insurance issued by the Title Company showing title to the Real Property, and (b) legible copies
of all documents cited, raised as exceptions, or noted in the Commitment (collectively, the “Title Documents”).

 

ii.            Title
Review. Purchaser shall have until ten (10) days prior to expiration of the Inspection Period (as hereinafter defined) (the “Title
Review Deadline”) to notify Seller in writing of any objections to any exception, item or issue in the Commitment, the Title
Documents and/or any matters shown on the Survey (collectively, the “Objectionable Exceptions”). Seller shall: (1) utilize
good faith, commercially reasonable efforts to cure or insure over any Objectionable Exceptions on or before the date (“Title
Cure Date”) that is five (5) days after the Title Review Deadline and (2) agree with Purchaser, on or before the Title
Cure Date as to any Objectionable Exceptions which will be removed prior to Closing (“Removable Exceptions”). If Seller
fails to cure any of the Objectionable Exceptions on or before the Title Cure Date, or if Seller fails to agree with Purchaser, on or
before the Title Cure Date, as to any Removable Exceptions, Purchaser, prior to expiration of the Inspection Period, shall have the right,
in its sole discretion, to either: (A) terminate this Agreement by written notice to Seller, in which event the Initial Earnest Money
shall be returned to Purchaser and, except as specifically provided in this Agreement, neither party shall have any further rights or
obligations to the other under this Agreement; or (B) consummate the transaction contemplated by this Agreement in accordance with
the terms of this Agreement, in which event, subject to Section 5(B)(iii) of this Agreement, all exceptions to title
listed on Schedule B of the Commitment as of the expiration of the Title Review Deadline shall be deemed to constitute Permitted Exceptions.
The parties agree to amend this Agreement promptly after the expiration of the Title Cure Date to attach to this Agreement, as Exhibit “E”,
the exceptions approved by Purchaser pursuant to this Section 5(B)(ii).

 

iii.            Monetary
Liens. Notwithstanding anything to the contrary contained in Section 5(B)(ii) above, Seller shall be required to
discharge all mortgages, real estate taxes, assessments and other governmental levies, fees or charges imposed on the Land, all judgment
liens, all mechanics' liens and similar liens for labor, materials or supplies, and other such monetary liens that may be removed solely
through the payment of money prior to Closing (collectively, the “Monetary Liens”), and such matters shall be deemed
Objectionable Exceptions, whether or not included in Purchaser’s Objection Notice.

 

C.            Survey.
On or before the date that is five (5) days after the Effective Date, Seller shall deliver to Purchaser the most recent survey of
the Real Property in Seller’s possession (the “Preliminary Survey”). Promptly after the receipt of the Preliminary
Survey, Purchaser shall order an update of the Preliminary Survey or a current survey of the Real Property (the “Survey”).

 

    4

     

    

 

6.            Documents
to be Delivered by Seller at Closing.

 

A.            Seller’s
Closing Documents. Seller shall deliver to the Title Company, pursuant to the Escrow, or Seller shall be prepared to deliver to Purchaser’s
counsel if no Escrow is utilized, on or before the Closing Date, the following documents, all of which shall be subject to Purchaser's
prior review and approval as to form, scope and substance, the delivery of all of which shall be a specific condition to Closing:

 

i.            The
Deed;

 

ii.            A
bill of sale executed by Seller in the form of Exhibit “F” attached to this Agreement;

 

iii.            An
original executed assignment of: (i) the Leases and (ii) all Project Contracts, if any, which Purchaser elects, by written notice
to Seller given prior to the Closing Date, to assume (collectively, the “Assumed Contracts”), in the form of Exhibit “G”
attached to this Agreement (the “Assignment of Leases and Contracts”);

 

iv.            A
non-foreign certificate in accordance with the provisions of Section 20 of this Agreement;

 

v.            A
certificate from Seller in the form of Exhibit “H” attached to this Agreement stating that the representations
and warranties set forth in Section 8 are true and correct as of the Closing Date;

 

vi.            An
original executed assignment of the Intangible Property (other than the Assumed Contracts) in the form of Exhibit “I”
attached to this Agreement (the “Assignment of Intangible Property”);

 

vii.            A
certificate of Seller, in the form of Exhibit “J” attached to this Agreement, certifying to Purchaser:
(a) all keys, (b) an original copy of the Leases, (c) original copies of the Assumed Contracts, and (d) copies of
all Intangible Property were delivered to Purchaser on or before the Closing Date;

 

viii.            Owner’s
Affidavit in the form required by the Title Company to issue the Title Policy, including gap indemnity language;

 

ix.            To
the extent required under this Agreement, Subordination, Nondisturbance, and Attornment Agreement executed by applicable tenants under
the Leases in the form required by Purchaser’s lender or as required in the Leases;

 

x.            Such
proof of Seller's authority and authorization to enter into this Agreement and perform Seller's obligations under this Agreement as may
be reasonably required by Purchaser and/or Title Company;

 

xi.            To
the extent required under this Agreement, an estoppel certificate from each tenant under the Leases in the form required by Purchaser’s
lender or as required in the Leases at least five days before the Closing Date;

 

xii.            Such
other documents as Purchaser may reasonably request to enable Purchaser to consummate the transaction contemplated by this Agreement;
provided none of said additional documents imposes any cost or obligation upon Seller not otherwise specifically imposed upon Seller pursuant
to the terms of this Agreement.

 

    5

     

    

 

B.            Purchaser's
Closing Documents. Purchaser shall deliver to the Title Company pursuant to the Escrow, on or before the Closing Date,
the following monies and documents, the delivery of all of which shall constitute a specific condition to Closing.

 

i.            The
balance of the Purchase Price, plus or minus prorations, plus Purchaser's share of Closing costs pursuant to the terms of this Agreement;

 

ii.            An
original executed counterpart of the Assignment of Leases and Contracts;

 

iii.            An
original executed counterpart of the Assignment of Intangible Property;

 

iv.            Proof
of Purchaser's authority and authorization to enter into this Agreement and perform Purchaser’s obligations under this Agreement
as may be reasonably required by Purchaser and/or Title Company; and

 

v.            Such
other documents as Seller may reasonably request to enable Seller to consummate the transaction contemplated by this Agreement, provided
none of said additional documents impose any cost or obligation upon Purchaser not otherwise specifically imposed upon Purchaser pursuant
to the terms of this Agreement.

 

C.            Joint
Closing Documents. Each of Seller and Purchaser shall deliver to the Title Company, pursuant to the Escrow, and/or the
Purchaser’s counsel, the following:

 

i.            Three
(3) copies of a closing statement, prepared in accordance with Section 11 of this Agreement;

 

ii.            To
the extent required, State, County and Municipal transfer tax declarations; and

 

iii.            A
joint direction to the Title Company to deposit the Earnest Money into the Escrow or deliver to Purchaser’s counsel.

 

7.            Inspection
Period.

 

A.            Inspection
Period. For purposes of this Agreement, the “Inspection Period” means the period beginning on the date of the mutual
delivery and receipt acknowledgement of a fully executed Access Agreement and ending forty-five (45) days thereafter.

 

B.            Basic
Project Inspection. At all times prior to the Closing, including the Inspection Period and the period after the end of the Inspection
Period and before Closing, Purchaser, its agents and representatives shall be entitled to inspect, examine, review, consider and investigate
the Project and all matters relating thereto (the “Basic Project Inspection”), which will include, but shall not be
limited to, the right to: (i) upon twenty-four (24) hours’ advance written notice to the Seller, enter upon the Real Property
to perform inspections and tests of the Project, including the inspection, evaluation and testing of: the heating, ventilation and air-conditioning
systems and all components thereof, the roof of the Building, the parking lots, all structural and mechanical systems within the Building,
including the sprinkler systems, power lines and panels, air lines and compressors, automatic doors, tanks, pumps and plumbing, and all
equipment, vehicles, and Personal Property; (ii) examine and copy any and all books, records, tax returns, correspondence, financial
data, Leases, and all other contracts, agreements, documents and matters, public or private, in the possession or control of Seller or
its agents, relating to receipts and expenditures pertaining to the Project for the three (3) most recent full calendar years and
the current calendar year; (iii) make investigations with regard to zoning, environmental, building, code and other legal requirements
including an environmental “Assessment” as specified in Section 7(C) of this Agreement and/or an analysis
of the presence of any asbestos, chlordane, formaldehyde or other Hazardous Materials (as hereinafter defined) in, under or upon the Project;
(iv) make or obtain market studies and real estate tax analyses; and (v) analyze the financial feasibility of ownership of the
Project. A Seller representative may be present during any inspection of the Real Property.

 

    6

     

    

 

C.            Assessment.
During the Inspection Period, Purchaser and/or Purchaser’s agent(s) shall have the right to employ one or more environmental
consultants or other professionals to perform or complete a so-called "Phase I" environmental inspection and assessment (the
 “Assessment”) of the Project, and Seller hereby acknowledges and consents to such Assessment. Purchaser, its agents,
consultants and/or professionals shall also have the right to undertake or complete a technical review of all documentation, reports,
plans, studies and information in possession or control of Seller, or Seller's past or present environmental consultants, concerning or
in any way related to the environmental condition of the Project. In order to facilitate the Assessment(s) and such technical review,
Seller shall extend its full cooperation (but without third party expense to Seller) to Purchaser, its agents, consultants, and professionals,
which cooperation shall include providing access to all files and fully and completely answering all questions. Any Assessment may evaluate
the present and past uses of the Project, and the presence on, in or under the Land (and on, in or under land sufficiently proximate to
the Project) of any Hazardous Materials.

 

D.            Purchaser's
Right to Terminate. Purchaser shall have the right to terminate this Agreement if any of the following conditions are not satisfied,
by written notice to Seller on or before the last day of the Inspection Period:

 

i.            Satisfactory
results of a Phase I Environmental Inspection;

 

ii.            Purchaser’s
satisfactory review and audit of financial arrangements, and any and all other contractual obligations and other matters affecting the
Project and its operation, including operating expenses and establishing an accurate and acceptable proforma.

 

iii.            Satisfactory
review of title, including all easements;

 

iv.            Satisfactory
results of the Survey;

 

v.            Satisfactory
physical inspection of the Project, building plans, and its surrounding location; and

 

vi.            Purchaser’s
satisfaction that the proper zoning is in effect and there are no zoning violations.

 

Prior to the expiration of the Inspection Period,
Purchaser shall deliver to Seller a letter (i) confirming Purchaser’s satisfaction with all of the above listed conditions
and establishing the Closing Date, or (ii) extending the Inspection Period by ten (10) days, or (iii) terminating this
Agreement. If Purchaser elects to terminate this Agreement, the Earnest Money shall be returned to Purchaser and, except as specifically
provided in this Agreement, neither party shall have any further rights or obligations to the other under this Agreement, except that
Purchaser shall deliver to Seller copies of all due diligence reports and material produced during the Inspection Period.

 

    7

     

    

 

E.            Duty
to Repair; Indemnification. Purchaser hereby covenants and agrees that it shall cause all studies, investigations, and inspections
(including without limitation any Assessment) performed at the Project pursuant to this Section 7 to be performed in a manner
that does not unreasonably disturb or disrupt the tenancies or business operations of any tenants under the Leases. If, as a result of
Purchaser's exercise of its rights under Section 7, any damage occurs to the Project, then Purchaser shall promptly repair
such damage, at Purchaser's sole cost and expense, so as to return the Project to substantially the same condition. Purchaser hereby indemnifies,
protects, defends, and holds Seller harmless from and against any and all losses, damages, causes of action, judgments, damages, costs,
and expenses that Seller actually suffers or incurs as a direct result of any damage caused at, to, in, or at the Project by the acts
or omissions of Purchaser or its agents, consultants or professionals pursuant to this Section 7. Notwithstanding the foregoing
or anything in this Agreement to the contrary, Purchaser shall have no duty to repair, and shall have no obligation to indemnify Seller
against, any damage caused by the mere discovery by Purchaser or Purchaser’s agents of a pre-existing condition on the Property
so long as following such discovery Purchaser or its agents do not exacerbate such condition through its or their actions.

 

8.            Representations
and Warranties of Seller. In order to induce Purchaser to enter into this Agreement, Seller hereby represents and warrants to
Purchaser as follows, and all the foregoing and following representations and warranties shall be true and correct as of the Closing Date:

 

A.            Seller
is not a party to any contract, agreement, or commitment to sell, convey, assign, transfer, provide rights of first refusal or other similar
rights or otherwise dispose of any portion or portions of the Project. Neither Seller nor any person or entity claiming by, through or
under Seller has or will have, at any time or times prior to the Closing, done or suffered anything whereby any lien, encumbrance, claim
or right of others has been or will be created on or against the Project or any part thereof or interest therein, except for the Permitted
Exceptions.

 

B.            This
Agreement has been duly authorized and executed on behalf of Seller and constitutes a valid and binding agreement, enforceable in accordance
with its terms.

 

C.            Seller
has no actual knowledge of, or notice of, any claims of any governmental agency to the effect that the construction, operation or use
of any of the Project is in violation of any applicable federal, state, local and municipal laws, ordinances, rules, regulations, codes,
licenses, permits, authorizations and orders, including without limitation all laws, ordinances, rules, regulations, codes, licenses,
permits, authorizations and orders relating to building, zoning, the environment, health, safety and disabled persons (collectively, “Applicable
Law”), or that any such claim or any investigation with respect thereto is under consideration.

 

D.            No
assessments or charges for any public improvements have been made against the Property which remain unpaid, no improvements to the Real
Property or any roads or facilities abutting the Real Property have been made or ordered for which a lien, assessment or charge can be
filed or made, and Seller has no knowledge of any plans for improvements by any governmental or quasi-governmental authority which might
result in a special assessment against the Real Property.

 

E.            Seller,
to the best of Seller's knowledge, is not aware of any default in respect of any obligations or liabilities of any other persons pertaining
to the Project (including without limitation any obligations and liabilities of other persons arising under the Permitted Exceptions,
and any obligations and liabilities of any of the other parties to any of the Project Contracts or Leases), and to the best knowledge
of Seller, no event has occurred which, with the giving of notice or passage of time, or both, would give rise to any such default under
any of the same.

 

    8

     

    

 

F.            There
is no litigation (including without limitation proceedings for or involving collections, condemnation, eminent domain, alleged building
code or environmental or zoning violations, or personal injuries or property damage alleged to have occurred on the Project or by reason
of the condition, use of, or operations on, the Project) pending, or to the best of knowledge of Seller, threatened, against Seller or
the Project.

 

G.            To
the best of Seller’s knowledge, all documents made available to Purchaser are true, complete, and correct copies of originals received
by Seller.

 

H.            Seller
has furnished Purchaser with true and complete copies of all Leases and other agreements, including all guaranties thereof and amendments
thereto and modifications thereof, affecting the Project. Except as otherwise set forth in the Schedule of Leases attached hereto as Exhibit “C”:
(a) each Lease is in effect, the term of each Lease and the obligation to pay rent under each Lease has commenced, each tenant under
each Lease is in full possession of its respective premises and all tenant improvements required under the provisions of the applicable
Lease to be constructed by the landlord are completed; (b) no tenant under any Lease has prepaid any rent or other charges; (c) the
Leases are free from default by the landlord; (d) to the best knowledge of Seller, no tenant under any of the Leases is in default
and no circumstance exists which with notice or the passage of time or both, would give rise to such a default; (e) no tenant is
entitled to any rebate, rental concession, free rent period or set off under any of the Leases and to Seller's best knowledge, no tenant
is making any claim against Seller or the Project under any of the Leases; (f) all brokerage commissions with respect to the Leases
have been paid in full and there are no commissions payable with respect to renewals or extensions of the Leases; (g) neither Seller
nor any agent of Seller has executed any exclusive brokerage agreements or agencies; (h) there are no unsatisfied obligations under
any Lease wherein rent or other obligations of the tenant are to be assumed by the landlord; (i) there are no obligations imposed
upon the landlord under any Lease to take back, sublease or relet the tenant's space or any portion thereof; (j) no security deposit
has been applied toward the payment of any rent or other charge under any of the Leases; and (k) none of the Leases contains any
unexpired option to purchase the Project or grants any tenant any right of refusal or option to purchase the Project that has not expired.

 

I.            To
the best of Seller’s knowledge, the Real Property is not in violation of any applicable law, now, nor has it at any time during
Seller’s ownership thereof been, used for the manufacture, processing, distribution, use, treatment, storage, disposal, placement,
transport or handling of toxic materials, hazardous wastes, or hazardous substances (as those terms are defined in the acts commonly known
as RCRA, CERCLA, oils, petroleum, or pesticides).

 

J.            (a) Seller
is not a Prohibited Person (as hereinafter defined), (b) Seller is in compliance with Anti-Terrorism Laws (as hereinafter defined),
(c) Seller does not conduct any business or engage in any transaction or dealing with any Prohibited Person, or deal in, or otherwise
engage in any transaction relating to, any property or interests in property blocked pursuant to Executive Order 13224 (as hereinafter
defined), and (d) Seller has established policies and procedures designed to prevent and detect money laundering, including processes
to meet all applicable anti-money laundering requirements of the USA Patriot Act (as hereinafter defined). For purposes of this Agreement:

 

i.            “Anti-Terrorism
Laws” means any laws related to terrorism or money laundering, including without limitation Executive Order 13224 and the USA
Patriot Act, and any regulations promulgated under any such laws,

 

    9

     

    

 

ii.            “Executive
Order 13224” means Executive Order 13224 on Terrorism Financing, effective September 24, 2001.

 

iii.            “Prohibited
Person” means any person or entity:

 

(a)            subject
to the provisions of Executive Order 13224,

 

(b)            owned
or controlled by, or acting for or on behalf of, an entity that is subject to the provisions of Executive Order 13224,

 

(c)            with
whom Seller is prohibited from dealing by any of the Anti-Terrorism Laws,

 

(d)            that
commits, threatens, or conspires to commit or supports "terrorism" as defined in Executive Order 13224,

 

(e)            that
is named as a "specially designated national and blocked person" on the most current list published by the U.S. Treasury Department's
Office of Foreign Assets Control; or

 

(f)            person
or entity that is affiliated with a person or entity described in the foregoing clauses (a) through (e); and

 

iv.            “USA
Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Requires to Intercept and Obstruct Terrorism
Act of 2001, H.R. 3162, Public Law 107-56, as the same may be amended.

 

K.            For
purposes of this Agreement, the term “to the best of Seller’s knowledge,” shall mean the actual current knowledge of
Jeremy R. McLendon, solely in his capacity as Manager of Continental Capital Management, LLC, in its capacity as Manager of Continental
Manager Parkway, LLC, in its capacity as Manager of Seller, without any affirmative duty of independent investigation or inquiry. 
Jeremy R. McLendon, in his individual capacity, shall have no personal liability for any inaccuracy of any representation or warranty
made in this Agreement, or otherwise under this Agreement.

 

9.            Conditions
Precedent to Closing.

 

A.            In
addition to any conditions provided in other provisions of this Agreement, Purchaser's obligation to purchase the Project is and shall
be conditioned on the following:

 

i.            The
due performance by Seller of each and every covenant, undertaking and agreement to be performed by Seller under this Agreement and the
truth of each representation and warranty made in this Agreement by Seller at the time as of which the same is made and as of the Closing
as if made on and as of the Closing.

 

ii.            That
at no time prior to the Closing shall any of the following have been done by or against or with respect to Seller and/or any tenant under
any Lease: (a) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any
other applicable federal or state bankruptcy law or other similar law; (b) the appointment of a trustee or receiver of any property
interest; or (c) an assignment for the benefit of creditors.

 

    10

     

    

 

iii.            Prior
to expiration of the Inspection Period, the Title Company shall be prepared to issue to Purchaser an ALTA (most recent form) Owner’s
Policy of Title Insurance (“Title Policy”) or irrevocable commitment to issue same covering the Project in the amount
of the Purchase Price, showing fee simple title vested in Purchaser, with coverage over all general exceptions and containing the endorsements
approved by the Title Company during the Inspection Period; and subject only to: (a) general taxes not yet due or payable, (b) any
matters listed on Exhibit “E” attached (or to be attached) to this Agreement, (c) rights of the tenants
under the Leases, as tenants only (d) matters created by, through or under Purchaser and (e) the standard printed exceptions
(collectively, the “Permitted Exceptions”).

 

iv.            Seller
agrees to submit, within five days after Purchaser’s request, to each tenant under the Leases a request for such tenant to execute
and deliver a tenant estoppel certificate to Purchaser with respect to its lease in a form acceptable to Purchaser’s lender. Seller
shall deliver, as a condition precedent to Purchaser’s obligation to purchase the Project, estoppels for tenants occupying seventy-five
percent (75%) (or such other percentage as may be reasonably requested by Purchaser’s lender including, without limitation, requirements
related to major tenants) of the leased premises within the Project. Any estoppels delivered pursuant to the preceding sentence shall
count toward satisfying the condition contained herein if the Estoppel does not specify (i) a material uncured default by the landlord
or the tenant, or (ii) a material and adverse deviation from the lease, from information in the rent roll provided as part of the
due diligence materials (as provided in Exhibit M herein) or information otherwise provided by Purchaser to Seller or Seller’s
property manager in writing prior to the expiration of the Inspection Period. For purposes of the foregoing, a default by the landlord
or the Tenant shall be deemed “material and adverse,” or a deviation from the Lease to which an estoppel relates shall be
deemed “material and adverse,” if such default or deviation as specified in such estoppel, taken either by itself or in conjunction
with the other default(s) or deviation(s) specified in each of the other estoppels, would exceed $10,000.00. The Seller shall
provide the aforesaid signed estoppels five (5) Business Days prior to Closing. If Seller is unable to procure the required estoppels
prior to Closing, Seller may elect to extend the Closing Date for a period of up to fifteen (15) Business Days to allow Seller additional
time to procure the outstanding Estoppels, in which event Closing shall occur two business days following satisfaction of the outstanding
condition.

 

v.            Upon
written request of Purchaser, Seller shall forward to each tenant a subordination, nondisturbance and attornment agreement in the form
required by Purchaser’s lender and Seller shall, at all times, use commercially reasonable efforts to obtain such agreement from
the tenants, but the receipt of any subordination, nondisturbance and attornment agreement shall not be a condition precedent to Purchaser’s
obligation to purchase the Project.

 

B.            Purchaser
may at any time or times, at its election, waive any of the conditions to its obligations under this Agreement, but any such waiver shall
be effective only if contained in a writing signed by Purchaser. No such waiver shall reduce the rights or remedies of a party by reason
of any breach by Seller (but if a condition is waived, the party waiving the same may not rescind this Agreement on the basis of the failure
of such waived condition). The failure of any of the conditions in Section 9(A) shall entitle Purchaser, at its option,
to cancel and terminate this Agreement by written notice to Seller, in which event the Earnest Money shall be returned to Purchaser and,
except as specifically provided in this Agreement, neither party shall have any further rights or obligations to the other under this
Agreement.

 

10.            Covenants
of Seller. Effective as of the Effective Date, Seller hereby covenants with Purchaser as follows:

 

A.            New
Leases. Seller shall neither amend any Lease in any material respect nor execute any new lease, license, or other agreement affecting
the ownership or operation of the Project or for personal property, equipment, or vehicles, without Purchaser's prior written consent,
which shall not be unreasonably withheld, conditioned, or delayed.

 

    11

     

    

 

B.            New
Contracts. Seller shall not enter into any contract with respect to the ownership and operation of the Project that will survive the
Closing, or that would otherwise affect the use, operation, or enjoyment of the Project, without Purchaser's prior written consent, except
for service contracts entered into in the ordinary course of business which are terminable without penalty on not more than thirty (30)
days' notice.

 

C.            Operation
of the Project. Seller shall operate and manage the Project in a first class manner, maintaining present services and practices, and
shall maintain the Project in good repair and working order; shall keep on hand sufficient materials, supplies, equipment and other personal
property for the efficient operation and management of the Project in a first class manner; and shall perform, when due, all of Seller's
obligations under the Leases, Project Contracts and other agreements relating to the Project and otherwise in accordance with all Applicable
Law. Seller shall deliver the Project at Closing in substantially the same condition as it is on the Effective Date, reasonable wear and
tear excepted. None of the Personal Property or fixtures shall be removed from the Project, unless replaced by personal property or fixtures
of equal or greater utility or value.

 

D.            Documents
of Record. Seller shall not grant any easement or modify any covenant, condition or restriction affecting the Project.

 

11.            Adjustments.

 

A.            General.
Proration of rentals, revenues, and other income, if any, from the Project and taxes, assessments, and other expenses, if any, affecting
the Project shall be prorated as of 11:59 p.m. on the day prior to the Closing Date (“Proration Date”). It is
agreed that the Closing Date shall be an income and expense date for Purchaser. There shall be no proration of any insurance premiums
with respect to the Project, nor any assumption of insurance coverage by Purchaser, unless Purchaser so elects in writing.

 

B.            Rentals.
The term “rentals,” as used in this Agreement, includes fixed monthly rentals, additional rentals, escalation rentals, operating
cost pass-throughs and other sums and charges payable by any tenant under any Lease. Purchaser shall receive all rentals accruing on and
after the Closing Date and Seller shall receive all rentals accruing prior to the Closing Date.

 

C.            Taxes.
On or before the Closing Date, Seller shall pay or cause to be paid all taxes, including without limitation all special assessments, on
the Project which are due and payable prior to the Closing Date. Notwithstanding anything contained herein to the contrary, under no circumstances
shall Purchaser be obligated to pay to Seller, or anyone else, any taxes or expenses attributable to Seller’s period of ownership,
regardless of when such taxes or expenses were incurred.

 

D.            Prepaid
Rentals. Prepaid rentals, including any tenant payments to Seller for such tenant's share of real property taxes and assessments,
insurance premiums, common area maintenance and operation and utilities, that are received by Seller and are unexpended as of the Proration
Date shall be credited to Purchaser as of the Closing Date. Purchaser shall be credited, and Seller shall be debited with an amount equal
to all rent abatements and concessions for periods on and after the Closing Date pursuant to any of Leases executed prior to the Closing
Date.

 

E.            Delinquent
Rentals. For purposes of this Agreement, any rentals shall be deemed delinquent when payment thereof is due prior to the month in
which the Closing Date occurs but has not been made as of the Proration Date (“Delinquent Rentals”). Delinquent Rentals
shall be prorated based on rentals actually collected. To the extent either Seller or Purchaser collects any Delinquent Rentals after
the Closing Date, such Delinquent Rentals shall be first applied to any accrued but unpaid rental obligations of the applicable tenant
for the period after the Closing Date and the balance, if any, shall be paid to Seller and credited against any Delinquent Rentals relating
to the period prior to the Closing Date (collectively, “Seller’s Rentals”). Notwithstanding any of the foregoing, to
the extent any rentals due for the calendar month in which Closing occurs are received by Seller or Purchaser after the Closing Date but
prior to the first (1st) day of the calendar month following the calendar month in which Closing occurs, the parties hereby agree the
party who received said rentals shall prorate the same and remit to the other party, within five (5) business days thereafter, said
party's prorated portion. Seller shall have the right to pursue and take any action against any tenant owing Seller's Rentals; provided,
however, Seller agrees to take no action which would cause a termination of said tenant's Lease or affect said tenant's right to quiet
possession of its premises and Purchaser agrees to cooperate with Seller, at no cost to Purchaser, in Seller's attempt to collect any
of Seller's Rentals. Any actions taken by Seller in accordance with the preceding sentence will be commenced within thirty (30) days following
the Closing Date.

 

    12

     

    

 

F.            Tenant
Contributions. At the conclusion of each common area fiscal year relating to periods for which Seller owned the Project for all or
a portion of such fiscal year, Seller's applicable share of common area maintenance charges, taxes and similar expense reimbursements
pursuant to the Leases (“Seller’s Share”), if any, shall be determined by multiplying the payments due from or
owed to tenants after reconciliation of estimated payments by a fraction, the numerator of which is the number of calendar days during
said fiscal year in which Seller owned the Project and the denominator of which is the total number of calendar days in such fiscal year.
Purchaser shall remit to Seller or Seller shall remit to Purchaser, as applicable, from time to time, Seller's Share within thirty (30)
days after the date that: (a) Purchaser notifies Seller in writing that Purchaser has actually collected Seller's Share or any portion
thereof or (b) Purchaser notifies Seller in writing that Seller owes any tenant under any Lease Seller's Share. Seller acknowledges
and agrees that Purchaser shall have no obligation to remit to Seller Seller's Share if the same is not collected from the applicable
tenants and that any monies collected from any tenant with respect to Seller's Share shall first be applied by Purchaser to any accrued
but unpaid obligations of such tenant accruing from and after the Closing Date).

 

G.            Operating
Expenses. All utility services charges for electricity, heat and air conditioning service, other utilities, common area maintenance,
security contracts, taxes other than real estate taxes such as rental taxes, and all expenses incurred in operating the Project and any
other costs incurred in the ordinary course of business of the management and operation of the Project (the “Operating Expenses”)
that are not paid by the tenants, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing
Date and Purchaser shall pay all such expenses accruing on and after the Closing Date. To the extent possible, Seller and Purchaser shall
obtain billings and meter readings as of the Closing Date to aid in such prorations. In order to enable Purchaser to make any year-end
reconciliations and prorations of operating expenses following the Closing Date, Seller shall deliver to Purchaser a final statement of
(i) all operating expenses for the Premises which are actually paid by Seller and permitted to be passed through to Tenants, as applicable,
with respect to the portion of the 2021 calendar year occurring prior to the Closing (“Seller’s 2021 Actual Operating Expenses”),
together with copies of all documentation evidencing Seller’s 2021 Actual Operating Expenses, including copies of third-party invoices
and copies of Seller’s books and records applicable thereto, and (ii) all estimated payments of Operating Expenses received
by Seller with respect to the portion of the 2021 calendar year occurring prior to the Closing Date. If Operating Expenses for the 2021
calendar year (or other applicable fiscal period under any Lease for the measurement of percentage rents ending prior to the Closing Date)
have not been finally adjusted between Seller and a Tenant, as applicable, as of the Closing, Seller shall retain all rights and obligations
with respect to the adjustment thereof directly with the Tenant following the Closing Date. Without limiting the generality of the foregoing,
but subject to other the provisions herein, Seller shall retain all rights to bill and collect any additional amounts owing by any Tenant
with respect to Operating Expenses for the 2021 calendar year (or other applicable fiscal period under any Lease for the measurement of
percentage rents ending prior to the Closing Date), and shall remain obligated to pay any refund owing to any Tenant for overpayment of
Operating Expenses for the 2021 calendar year (or other applicable fiscal period under any Lease for the measurement of percentage rents
ending prior to the Closing Date). Notwithstanding the foregoing or anything herein to the contrary, reconciliation of Operating Expenses
shall be based on the percentage of expenses paid by the Seller and Purchaser, rather than the respective parties’ actual number
of days of ownership of the Project.

 

    13

     

    

 

H.            Leasing
Commissions and Tenant Finish Work. Purchaser shall be credited, and Seller shall be debited for all leasing commissions and the costs
of all tenant finish work with respect to the Leases and any new leases executed, subject to Section 10(A) of this Agreement,
prior to the Closing Date, whether due as of the Effective Date or to become due prior to, on or after the Closing Date.

 

I.            Security
Deposits. At the Closing, Seller shall deliver and assign to Purchaser all prepaid rent, refundable security deposits, letters of
credit and other collateral actually received by Seller pursuant to any of the Leases, less any portions thereof applied in accordance
with the respective Leases.

 

J.            Other
Prorations. Seller and Purchaser shall make such additional adjustments as are normally made in connection with a purchase and sale
of the type contemplated in this Agreement.

 

K.            Method
of Proration. Except as expressly provided in this Agreement, all prorations shall be made in accordance with customary practice in
Virginia Beach, Virginia. The parties agree to cause a schedule of tentative adjustments to be prepared prior to the Closing Date. Such
adjustments, if and to the extent known and agreed upon as of the Closing Date, shall be paid by Purchaser to Seller (if the prorations
result in a net credit to the Seller) or by Seller to Purchaser (if the prorations result in a net credit to Purchaser), by increasing
or reducing the amount to be paid by Purchaser at Closing. Purchaser and Seller agree the intent of this provision is to allocate the
income and expenses attributable to the Project in a fair, just, and equitable manner, and the parties agree in the event of special circumstances
not specifically covered in this Agreement, such equitable principles shall guide the parties in reaching a fair resolution. As soon as
reasonably possible after Closing, but in no event more than ninety (90) days after Closing, Purchaser and Seller shall work in good faith
to complete a reconciliation of all prorations not conclusively determined on the Closing Date (the “Reconciliation”).
If there is an error on the closing statement used at Closing or, if after the actual figures are available as to any items that were
estimated on the closing statement, then the proration or apportionment shall be adjusted based on the actual figures. Either party owing
the other party a sum of money based on the Reconciliation shall pay said sum to the other party within five (5) business days of
the completion of the Reconciliation. This Section 11(K) shall survive Closing.

 

L.            Rental
Abatement. Purchaser shall be credited, and Seller shall be debited for all contractual rental abatement with respect to the Leases
and any new leases executed, subject to Section 10(A) of this Agreement, prior to the Closing Date, whether effective
as of the Effective Date or to become effective prior to, on or after the Closing Date.

 

M.            Indemnification.
Seller shall indemnify, defend, and hold the Purchaser harmless from and against all claims, costs, losses, damages, and expenses, including
without limitation, reasonable attorneys’ fees, arising from, caused by, or related to events on the Project prior to Closing, unless
occasioned by the negligence of Purchaser. Purchaser shall indemnify, defend, and hold the Seller harmless from and against all claims,
costs, losses, damages, and expenses, including without limitation, reasonable attorneys’ fees, arising from, caused by, or related
to events on the Project subsequent to Closing, unless occasioned by the negligence of Seller.

 

    14

     

    

 

12.            Closing
Costs. Seller shall bear the cost to record any instruments necessary to clear Seller's title, state, and local grantor
taxes, and the Hampton Roads Transit Tax provided for in Section 58.1-802.5 of the Code of Virginia of 1950, as amended. Purchaser
shall bear the cost of all fees charged by the Title Company, all premiums, and charges of the Title Company for the extended owner’s
Title Policy and zoning 3.1, access, subdivision and restrictions endorsements and the cost of all other title endorsements to the Title
Policy, the cost of any recording fees with respect to the Deed and the cost of the Survey. The cost of any municipal transfer taxes applicable
to this transaction shall be paid for the party made responsible for the payment of the same by the applicable ordinance. All other costs
and expenses in connection with the transaction contemplated by this Agreement shall be borne by Purchaser and Seller in the manner in
which such cost and expenses are customarily allocated between the parties at closings of real property similar to the Project in the
Virginia Beach, Virginia area. Except as provided in Section 39 of this Agreement, each party shall pay its own attorneys'
fees incurred with respect to the preparation and negotiation of this Agreement and the closing of the transaction contemplated hereby.

 

13.            Damage
or Destruction to Project.

 

A.            If
between the Effective Date and the Closing Date, all or any portion of the Project is damaged or destroyed by fire or other casualty,
Seller shall notify Purchaser in writing of such damage or destruction (the “Casualty Notice”) and Purchaser, at its
sole option, may elect to:

 

i.            terminate
this Agreement, in which event the Earnest Money shall be returned to Purchaser and, except as specifically provided in this Agreement,
neither party shall have any further rights or obligations to the other under this Agreement; or

 

ii.            consummate
the transaction contemplated by this Agreement, in which event Purchaser shall receive a credit against the Purchase Price in an amount
equal to the reasonable determination of the cost of restoring the Project prepared by an independent insurance examiner or engineer
selected by Seller.

 

B.            Purchaser
shall have until the date (the “Casualty Election Date”) that is thirty (30) days after receipt of the Casualty Notice
to elect whether to terminate or proceed with this Agreement. If Purchaser fails to notify Seller of its election on or before the Casualty
Election Date, then Purchaser shall be deemed to have elected to terminate this Agreement.

 

C.            If
the Closing Date is a date prior to the Casualty Election Date, the Closing Date shall be extended to a date twenty (20) days after the
Casualty Election Date.

 

14.            Condemnation.

 

A.            If
between the Effective Date and the Closing Date any condemnation or eminent domain proceedings are initiated which might result in the
taking of any part of the Building or the Land, Seller shall notify Purchaser in writing of such proceedings (the “Condemnation
Notice”) and Purchaser, at its sole option, may elect to:

 

i.            terminate
this Agreement, in which event the Earnest Money shall be returned to Purchaser and, except as specifically provided in this Agreement,
neither party shall have any further rights or obligations to the other under this Agreement;

 

ii.            consummate
the transaction contemplated by this Agreement, in which event Seller shall assign to Purchaser at Closing all of Seller's right, title
and interest in and to any award pertaining to the Project made in connection with such condemnation or eminent domain proceedings; or,

 

    15

     

    

 

iii.            to
the extent the Seller's right, title, and interest in and to any award pertaining to the Project made in connection with such condemnation
or eminent domain proceeding is not assignable, Seller shall credit the amount of any award to Purchaser reducing the amount of the Purchase
Price in that amount.

 

B.            Purchaser
shall have until the date (the “Condemnation Election Date”) that is thirty (30) days after receipt of the Condemnation
Notice to elect whether to terminate or proceed with this Agreement. If Purchaser fails to notify Seller of its election on or before
the Condemnation Election Date, then Purchaser shall be deemed to have elected to terminate this Agreement.

 

C.            If
the Closing Date is a date prior to the Condemnation Election Date, the Closing Date shall be extended to a date twenty (20) days after
the Condemnation Election Date.

 

15.            Remedies.

 

A.            If
Seller should breach any of its covenants, conditions, representations or warranties contained in this Agreement or should fail to consummate
the sale contemplated in this Agreement for any reason other than Purchaser's default, Purchaser may, upon five (5) days written
notice to Seller, if such breach or failure is not cured within such five-day period, as its sole remedies: (i) terminate this Agreement
and Purchaser shall receive receive a return of the Earnest Money and Seller shall reimburse Purchaser for the out of pocket costs incurred
by it in connection with the transaction contemplated by this Agreement, including reasonable attorneys’ fees and other professional
or other fees actually incurred, not to exceed $50,000 and, except as specifically provided in this Agreement, neither party shall have
any further rights or obligations to the other under this Agreement; or (ii) enforce specific performance of this Agreement (including
recovery of Purchaser’s reasonable attorney’s fees and court costs in connection with bringing such action) or in the event
that the remedy of specific performance is not practical or readily susceptible of being obtained due to the nature of Seller’s
default, then Purchaser may terminate the Agreement, receive a return of the Earnest Money and Seller shall reimburse Purchaser for the
out of pocket costs incurred by it in connection with the transaction contemplated by this Agreement, including reasonable attorneys’
fees and other professional or other fees actually incurred, not to exceed $50,000.

 

B.            If
Purchaser should breach any of its covenants contained in this Agreement (and Seller shall not be in default under this Agreement), Seller
may, upon five (5) days written notice to Purchaser, if such breach is not cured within such five-day period, terminate this Agreement
and retain the Earnest Money as liquidated damages, and not as a penalty, it being understood that Seller's actual damages in the event
of such a breach are difficult to ascertain and that such Earnest Money represents the parties' best estimate of such damages. Seller
shall not have any other remedy for any breach or default by Purchaser. PURCHASER AND SELLER ACKNOWLEDGE THAT THE DAMAGES TO SELLER IN
THE EVENT OF A BREACH OF THIS AGREEMENT BY PURCHASER WOULD BE DIFFICULT OR IMPOSSIBLE TO DETERMINE, THAT THE AMOUNT OF THE EARNEST MONEY
REPRESENTS THE PARTIES' BEST AND MOST ACCURATE ESTIMATE OF THE DAMAGES THAT WOULD BE SUFFERED BY SELLER IF THE TRANSACTION SHOULD FAIL
TO CLOSE AND THAT SUCH ESTIMATE IS REASONABLE UNDER THE CIRCUMSTANCES EXISTING AS OF THE DATE OF THIS AGREEMENT AND UNDER THE CIRCUMSTANCES
THAT SELLER AND PURCHASER REASONABLY ANTICIPATE WOULD EXIST AT THE TIME OF SUCH BREACH. PURCHASER AND SELLER AGREE THAT SELLER'S RIGHT
TO RETAIN THE EARNEST MONEY SHALL BE SELLER'S SOLE REMEDY, AT LAW AND IN EQUITY, FOR PURCHASER'S FAILURE TO PURCHASE THE PROJECT IN ACCORDANCE
WITH THE TERMS OF THIS AGREEMENT.

 

16.            Brokers.
The parties mutually warrant and represent to the other that neither has authorized any broker to act on its behalf in respect of the
transactions contemplated hereby other than Ricky Anderson and Mac Weaver of Colliers Capital Markets ("Broker"), and
that neither has dealt with a broker in connection therewith other than the Broker. Each of the parties shall indemnify and save the other
harmless from any claim by any broker or other person for commissions or other compensation for bringing about the transactions contemplated
hereby where such claim is based on the purported employment or authorization of such broker or other person by such party. Seller shall
pay the commission due to the Broker pursuant to a separate agreement.

 

    16

     

    

 

17.            Environmental
Matters.

 

A.            The
term “Hazardous Materials” shall mean any substance, material, waste, gas or particulate matter which is regulated
by any local governmental authority, the Commonwealth of Virginia, or the United States Government, including without limitation any material
or substance which is: (i) defined as a "hazardous waste," "hazardous material," "hazardous substance,"
 "extremely hazardous waste," or "restricted hazardous waste" under any provision of Illinois or federal law, (ii) petroleum,
(iii) asbestos and asbestos-containing materials, (iv) polychlorinated biphenyls ("PCBs"), (v) radioactive
material, (vi) designated as a "hazardous substance" pursuant to Section 311 of the Clean Water Act, 33 U.S.C. §1251
et seq., (33 U.S.C. §1317), (vii) defined as a "hazardous waste" pursuant to Section 1004 of the Resource
Conservation and Recovery Act, 42 U.S.C. §6901 et seq. (42 U.S.C. §6903), or (viii) defined as a "hazardous
substance" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. §9601
et seq. (42 U.S.C. 9601). The term “Environmental Law” shall mean all statutes specifically described in the
foregoing grammatical sentence and all federal, state, and local environmental, health and safety statutes, ordinances, codes, rules,
regulations, orders, and decrees regulating, relating to, or imposing liability or standards concerning or in connection with Hazardous
Materials.

 

B.            Seller
represents and warrants that, to the best of its knowledge, and except as may be disclosed in any environmental inspection reports delivered
to Purchaser, as of the Effective Date (which representation and warranty shall be remade as of the Closing Date, but will then include
any matters disclosed in any environmental inspection reports obtained by Purchaser during the Inspection Period): (i) the Project
is in compliance with all Environmental Law; and (ii) no notice, demand, claim or other communication has been given to or served
on Seller, and Seller has no knowledge of any such notice given to previous owners, tenants or occupants of the Project, from any entity,
governmental body or individual claiming any violation of any Environmental Law or demanding payment, contribution, indemnification, remedial
action, removal action or any other action or inaction with respect to any actual or alleged environmental damage or injury to persons,
property or natural resources (each of the foregoing, whether now existing or hereafter brought, a “Claim”), and no
basis for any Claim exists.

 

18.            No
Other Representations or Warranties: AS-IS.

 

A.            Purchaser
represents, warrants and agrees that (i) except as, and solely to the extent, specifically set forth in this Agreement, neither Seller
nor any of the employees, agents or attorneys of Seller make any verbal or written representations, warranties, promises or guaranties
whatsoever to Purchaser, whether express or implied, of any sort or nature relating to the condition (physical, financial or otherwise)
or operation of the Project, the access, fitness for any specific use, merchantability, habitability, or the lie and topography, of all
or any portion of the Project, the existence, location or availability of utility lines for water, sewer, drainage, electricity or any
other utility, the income-producing potential of the Project, the competition or market of the Project or the actual or projected revenue
and expenses of the Project, the laws, regulations and rules applicable to the Project or the compliance (or non-compliance) of the
Project therewith, any environmental laws, regulations and rules (or other laws relative to hazardous materials) applicable to the
Project or the compliance (or non-compliance) of the Project therewith, the quantity, quality or condition of the articles of personal
property included in the transactions contemplated hereby, the use or occupancy of the Project or any part thereof or any other matter
or thing affecting or relating to the Project or the transactions contemplated hereby, and Purchaser has not relied upon any such representations,
warranties, promises or guarantees or upon any statements made in any informational brochure with respect to the Project, and (ii) the
Purchaser at the completion of the due diligence period will have examined the Project, and based upon such examination, will at Closing
be familiar with the physical condition thereof, and will have conducted such investigations of the financial affairs and management of
the Project as Purchaser considers appropriate, and has elected to proceed with the transaction having made and relied solely on Purchaser’s
own independent investigation, inspection, analysis, appraisal, examination and evaluation of the facts and circumstances except as, and
solely to the extent, specifically set forth in this Agreement.

 

    17

     

    

 

B.            PURCHASER
HEREBY ACKNOWLEDGES AND AGREES THAT PURCHASER HAS OR WILL HAVE, PRIOR TO THE END OF THE DUE DILIGENCE PERIOD, THOROUGHLY INSPECTED AND
EXAMINED THE PROJECT AS DEEMED NECESSARY BY PURCHASER TO EVALUATE THE PURCHASE OF THE PROJECT. PURCHASER HEREBY FURTHER ACKNOWLEDGES AND
AGREES THAT PURCHASER IS RELYING AND WILL RELY SOLELY UPON THE INSPECTION, EXAMINATION, AND EVALUATION OF THE PROJECT BY PURCHASER AND
THAT PURCHASER IS PURCHASING THE PROJECT ON AN "AS IS," "WHERE IS" AND "WITH ALL FAULTS" BASIS, WITHOUT
REPRESENTATIONS, WARRANTIES AND COVENANTS, EXPRESS OR IMPLIED, OF ANY KIND OR NATURE OTHER THAN THOSE EXPRESSLY SET FORTH IN THIS AGREEMENT.
PURCHASER FURTHER AGREES THAT THE PURCHASE PRICE IS BASED IN PART UPON THE FACT THAT THE CONVEYANCE TO BE MADE BY SELLER IS WITHOUT
WARRANTY OR REPRESENTATION OTHER THAN AS EXPRESSLY SET FORTH IN THIS AGREEMENT.

 

19.            Entire
Agreement. It is understood and agreed that all understandings and agreements heretofore made between Seller and Purchaser
are merged in this Agreement, the exhibits annexed hereto and the instruments and documents referred to in this Agreement, which alone
fully and completely express their agreements, and that neither party is relying upon any statement or representation, not embodied in
this Agreement, made by the other. Each party expressly acknowledges that, except as expressly provided in this Agreement, the other party
and the agents and representatives of the other party have not made, and the other party is not liable for or bound in any manner by,
any express or implied warranties, guaranties, promises, statements, inducements, representations, or information pertaining to the transactions
contemplated hereby. The preparation of this Agreement has been a joint effort of the parties hereto and the resulting documents shall
not, solely as a matter of judicial construction, be construed more severely against one of the parties than the other.

 

20.            Exhibits.
Exhibits “A” through “L” attached to this Agreement are, by this reference, incorporated
in and made a part of this Agreement.

 

21.            Non-Foreign
Certificate. Seller shall provide Purchaser, not later than five (5) days before the Closing Date, with a non-foreign
certificate sufficient in form and substance to relieve Purchaser of any and all withholding obligations under federal law, which certificate
shall be reasonably satisfactory to Purchaser and the Title Company. If Seller does not timely furnish Purchaser with said certificate,
or if Purchaser has reason to believe that said certificate is or would be wholly or partially false if given and so notifies Seller,
in writing, before the Closing Date, Purchaser shall be entitled to withhold up to ten (10%) percent of the Purchase Price in an escrow
account to be held by Title Company until such time as Seller furnishes Purchaser with a qualifying statement from the Internal Revenue
Service sufficient to relieve Purchaser of any and all withholding obligations under federal law, or until Purchaser is required to deliver
said funds to the Internal Revenue Service, whichever first occurs.

 

    18

     

    

 

22.            Modifications.
No modification, amendment, discharge, waiver or change of this Agreement, or any of the provisions of this Agreement, shall be valid
unless the same is in writing and signed by the party against which the enforcement of such modification, waiver, amendment, discharge,
or change is sought. Writings signed by the attorney for such party shall not be effective for the purposes of this Section 22.
Failure by either party to explicitly retain any rights under this Agreement shall not be deemed a waiver of such rights.

 

23.            Notices.
All notices, consents, approvals and other communications which may be or are required to be given by either Seller or Purchaser under
this Agreement shall be properly given only if made in writing and sent by (i) registered mail, (ii) facsimile transmission,
(iii) electronic mail by pdf (provided such notice is also sent by registered mail, facsimile transmission or a nationally recognized
overnight delivery service, as provided in this subparagraph) or (iv) a nationally recognized overnight delivery service (such as
Federal Express, UPS Next Day Air), with all delivery charges paid by the sender and addressed to the Purchaser or Seller, as applicable,
as follows, or at such other address as each may request in writing. Such notices shall be deemed received, (x) sent by registered
mail, in which case notice shall be deemed delivered three (3) Business Days after deposit, postage prepaid, in the United States
Mail, (y) if delivered by overnight delivery service, on the date of delivery and (z) if sent by facsimile transmission or electronic
mail pdf, on the date of transmission. Notices to be sent on behalf of Purchaser or Seller may be sent by their respective counsel. The
refusal to accept delivery shall constitute acceptance and, in such event, the date of delivery shall be the date on which delivery was
refused. Said addresses for notices are to be as follows:

 

	If intended for Seller:	Continental Parkway, LLC

    c/o CCP Commercial Real Estate

    329 Edwin Drive, Suite 201

    Virginia Beach, VA 23462

    Attention: Jeremy R. McLendon

    Attention: Ted M. Sherman

    Attention Darlene M. Crick

    Email:
    jmclendon@ccpllc.us

    Email:
    tsherman@ccpllc.us

    Email:
    dcrick@ccpllc.us

     

    c/o CCP Commercial Real Estate

    7113 Three Chopt Road,

    Richmond, Virginia 23226

    Attention: Jay Golden

    Email:
    jgolden@ccpllc.us

     

	
     

    With
    a copy to:

     

     

     

     

     
	 

    Vandeventer Black LLP

    Attention: Richard J. Crouch, Esq.

    101 West Main Street, Suite 500

    Norfolk, VA 23510

    Email:
    rcrouch@vanblacklaw.com

     

 

    19

     

    

 

	If intended for Purchaser:	Medalist Diversified Holdings, L.P.

    c/o Medalist Properties, LLC

    Attn: William R. Elliott

    1051 E. Cary Street, Suite 601

    James Center Three

    Richmond, VA 23219

    Email:
    bill.elliott@medalistprop.com

     

	With a copy to:	Kaplan Voekler Cunningham & Frank,
    PLC

    Attn: D. Zachary Grabill, Esq.

    1401 E. Cary Street

    Richmond, VA 23219

    Email:
zgrabill@kv-legal.com

 

24.            Governing
Law and Interpretation. The validity, meaning and effect of this Agreement shall be determined in accordance with the laws
of the Commonwealth of Virginia applicable to contracts made and to be performed in that state. The terms "hereby" and "hereto"
and any similar terms shall refer to this Agreement, and the term "hereafter" shall mean after the Effective Date and the term
 "heretofore" shall mean before the Effective Date. Words of the masculine, feminine or neuter gender shall mean and include
the correlative words of other genders, and the words importing the singular number shall mean and include the plural number and vice
versa. Words importing persons shall include firms, associations, partnerships (including limited partnerships), trusts, corporations,
and other legal entities, including public bodies, as well as natural persons. The terms "include," "including" and
similar terms shall be construed as if followed by the phrase "without limitation." This Agreement shall not be construed more
strictly against one party than against the other merely by virtue of the fact that it may have been prepared by counsel for one of the
parties, it being recognized that both Seller and Purchaser have contributed substantially and materially to the preparation of this Agreement.

 

25.            Survival.
All representations, warranties and indemnities of Seller contained in this Agreement or in any of the documents to be delivered by Seller
to Purchaser at Closing shall be deemed remade as of the Closing Date and survive the Closing for a period of twelve (12) months. This
Agreement shall not be canceled or merged into the Deed on the Closing. No claim for a breach of any representation or warranty of Seller
will be actionable or payable unless written notice containing a description of the specific nature of such breach will have been given
by Purchaser to Seller prior to four (4) months from the Closing and an action will have been commenced by Purchaser against Seller
within six (6) months of Closing.

 

26.            Business
Days. If any date herein set forth for the performance of any obligations of Seller or Purchaser or for the delivery of any instrument
or notice as herein provided should be on a Saturday, Sunday or legal holiday, the compliance with such obligations or delivery shall
be deemed acceptable on the next business day following such Saturday, Sunday, or legal holiday. As used herein, the term "legal
holiday" means any state or Federal holiday for which financial institutions or post offices are generally closed in the state where
the Project is located.

 

27.            Assignment.
The terms, conditions and covenants of this Agreement shall be binding upon and shall inure to the benefit of the parties and their
respective nominees, successors, beneficiaries, and assigns. Purchaser may assign all or any of its right, title and interest under this
Agreement to any entity, including, but not limited to, a limited liability company, partnership, or corporation yet to be formed. No
such assignee shall accrue any obligations or liabilities hereunder until the effective date of such assignment. In the event of an assignment
of this Agreement by Purchaser, its assignee shall be deemed to be the Purchaser hereunder for all purposes hereof and shall have all
rights of Purchaser hereunder (including, but not limited to, the right of further assignment). Upon assignment, Purchaser shall not be
relieved of any obligations provided for hereunder until the Closing.

 

    20

     

    

 

28.            Waiver
of Trial by Jury. The respective parties hereto shall and hereby do waive trial by jury in any action, proceeding or counterclaim
brought by either of the parties hereto against the other on any matters whatsoever arising out of or in any way connected with this Agreement,
or for the enforcement of any remedy under any statute, emergency or otherwise.

 

29.            Confidentiality.
Seller and Purchaser acknowledge and agree that the transactions contemplated by this Agreement are of a highly sensitive and confidential
nature and, except to the extent disclosure is required by law or is otherwise permitted by this Section 29, Purchaser and
Seller agree that all documents and information concerning the Project, the subject matter of this Agreement, and all negotiations with
respect hereto and the subject matter hereof shall remain confidential. Prior to and after the Closing, any release or disclosure to the
public of information with respect to the transaction so closed, any matters set forth in this Agreement, or any of the terms and provisions
of this Agreement shall be made only in the form approved by Purchaser and Seller and their respective counsels (which approval shall
not be unreasonably withheld or delayed, and shall be deemed to have been granted if not expressly disapproved within one (1) Business
Day after request for approval). Notwithstanding the foregoing to the contrary, this Section 29 shall not prevent either party
from disclosing any information with respect to the transactions contemplated herein, any matters set forth in this Agreement, or any
of the terms and provisions of this Agreement (a) if and to the extent that such disclosure is reasonably determined by such party
to be required by applicable law or a court or other binding order or by applicable administrative rule or regulation or order of
any regulatory or supervisory agency or authority with competent jurisdiction over such matter; or (b) to any of their respective
current or prospective lenders, members, officers, directors, trustees, employees, consultants, attorneys, accountants, advisors, agents,
representatives, partners, and/or shareholders and/or any parties whose consent is required (and any of the respective lenders, members,
officers, directors, trustees, employees, consultants, advisors, agents, representatives, partners, and/or shareholders of any of such
parties); provided that all of the foregoing to whom disclosure is made are advised of the confidential nature of such information, matters,
terms and provisions. The provisions of this Section 29 shall survive the Closing or termination of this Agreement (whichever
shall occur) without restriction or limitation.

 

30.            Further
Assurances. Seller and Purchaser each agree to use commercially reasonable efforts to comply with all conditions set forth in
this Agreement, to take all other reasonable action necessary to complete the transaction contemplated by this Agreement, to cause the
Purchase of the Project to be consummated with all reasonable dispatch, and to refrain from any action that is inconsistent with that
result. Each party agrees in good faith to execute such further or additional documents as may be necessary or appropriate to fully carry
out the intent and purpose of this Agreement.

 

31.            Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

32.            Electronic
Signatures. Handwritten signatures to this Agreement transmitted by telecopy or electronic transmission (for example, through
the use of a Portable Document Format or “PDF” file) shall be valid and effective to bind the parties so signing. It is expressly
agreed that each party to this Agreement shall be bound by its own telecopied or electronically transmitted handwritten signature and
shall accept the telecopy or electronically transmitted handwritten signature of the other party to this Agreement. The parties hereto
agree that the use of telecopied or electronic signatures for the execution of this Agreement shall be legal and binding and shall have
the same full force and effect as if originally signed.

 

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33.            Captions.
The captions and headings in this Agreement are inserted for convenience of reference only and in no way define, describe, or limit the
scope or intent of this Agreement of any of the provisions of this Agreement.

 

34.            Binding
Effect. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors
and assigns.

 

35.            Partial
Invalidity. Seller and Purchaser intend and believe that each provision in this Agreement comports with all Applicable Law and
judicial decisions. Notwithstanding the foregoing, if any one or more provisions of this Agreement is for any reason held by a court of
law to be invalid, illegal, unlawful, void, or unenforceable in any respect, then:

 

A.            if
the provision(s) are not materially related to: (i) the liability of Seller or Purchaser or (ii) the conditions
to Purchaser's obligations under this Agreement, then such provision(s) shall be given force to the fullest possible extent that
such provision(s) are valid, legal, lawful and enforceable, the remainder of this Agreement shall be construed as if such invalid,
illegal, unlawful, void or unenforceable provision(s) were not contained in this Agreement and the rights, obligations and interests
of Seller and Purchaser under the remainder of this Agreement shall continue in full force and effect; or

 

B.            if
the provision(s) are materially related to: (i) the liability of Seller or Purchaser or (ii) the conditions to Purchaser's
obligations under this Agreement, then each of Seller and Purchaser shall have the right, upon written notice to the other, to terminate
this Agreement and upon such termination, the Earnest Money shall be returned to Purchaser and, except as specifically provided in this
Agreement, neither party shall have any further rights or obligations to the other under this Agreement.

 

36.            Time
for Performance. Time is of the essence of this Agreement. Whenever under the terms of this Agreement the time for performance
falls on a Saturday, Sunday or legal holiday, such time for performance shall be on the next day that is not a Saturday, Sunday, or legal
holiday. In computing any period of time pursuant to this Agreement, the day of the act or event from which the designated period of time
begins to run will not be included.

 

37.            Professional
Fees. In the event of the bringing of any action or suit by either party to this Agreement against the other party by reason of
any breach of any of the covenants, agreements, obligations or provisions on the part of the other party rising out of this Agreement,
then in that event the prevailing party shall be entitled to have and recover of and from the other party all costs and expenses of the
action or suit, including actual attorneys' fees and costs, accounting and engineering fees, and any other professional fees resulting
from the action or suit. For purposes of this paragraph the term “prevailing party” shall mean, in the case of the claimant,
one who is a party to this Agreement and is successful in obtaining substantially all relief sought, and in the case of the defendant
or respondent, one who is successful in denying substantially all of the relief sought by the claimant. The parties agree to petition
the applicable court to specifically designate which party constitutes the prevailing party for purposes of this section.

 

38.            Possession.
Possession of the Project, subject to the rights of the tenants under the Leases, shall be delivered to Purchaser on the Closing Date.

 

39.            Limitation
of Liability. Upon the Closing, Purchaser shall neither assume nor undertake to pay, satisfy, or discharge any liabilities, obligations
or commitments of Seller and shall not assume or discharge any debts, obligations, liabilities, or commitments of Seller, whether accrued
as of the Effective Date or thereafter, fixed, or contingent, known, or unknown, other than those specifically agreed to between the parties
and set forth in this Agreement.

 

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40.            Tax-Deferred
Exchange.  Seller and Purchaser agree to cooperate with the other to effectuate a tax deferred like kind exchange (an “Exchange”)
with respect to (a) the sale of the Property by Seller and/or (b) the acquisition of the Property by Purchaser, provided, however,
that (i) neither party shall have liability to the other if such other party is unable to effectuate an Exchange for any reason,
other than by reason of a default under this Agreement by the other party, (ii) either party’s ability to effectuate an Exchange
shall not be a condition to its obligation to close under this Agreement, and (iii) neither party shall be obligated to incur any
costs, expenses or liabilities with respect to the Exchange of the other party.

 

41.            Record
Access and Retention. At Purchaser’s request, Seller shall provide to Purchaser (at Purchaser’s sole cost and
expense) copies of, or at Purchaser’s option shall provide Purchaser access to, such factual information as may be requested by
Purchaser in its sole discretion, and in the possession of Seller, or its property manager or accountants, to enable Purchaser’s
auditor to conduct an audit, in accordance with Rule 3-14 of Securities and Exchange Commission Regulation S-X, of the financial
statements of the Property for the year to date of the year in which Closing occurs plus the three (3) immediately preceding calendar
years (provided, however, that other than fees paid or payable to Seller, a Seller affiliate or a third party for on-site property management,
such audit shall not include an audit of asset management fees internally allocated by Seller (as opposed to paid to a third party) or
interest expenses attributable to the Seller). Purchaser shall be responsible for all out-of-pocket costs associated with any such audit.
Seller shall cooperate (at no cost to Seller) with Purchaser and its auditor in Purchaser’s preparation and review of such information
and the conduct of such audit. In addition, to the extent available Seller agrees to provide to Purchaser or any affiliate of Purchaser,
if requested, historical financial statements for the Property to the extent in Seller’s possession, including (without limitation)
income and balance sheet data for the Property, whether required before or after Closing. Without limiting the foregoing, (i) Purchaser
or its designated independent or other auditor may audit Seller’s operating statements of the Property, at Purchaser’s expense,
and, to the extent available, Seller shall provide such documentation as Purchaser or its auditor may reasonably request in order to complete
such audit, and (ii) Seller shall, to the extent available, furnish to Purchaser such financial and other information as may be requested
by Purchaser or any affiliate of Purchaser to make any required filings with the Securities and Exchange Commission or other governmental
authority. Seller shall maintain its records for use under this Section 41 for a period of not less than twelve (12) months
after the Closing Date. The provisions of this Section shall survive Closing.

 

[Remainder of page intentionally left black.
Signature page follows.]

 

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

 

	 	PURCHASER:
	 	 
	 	MEDALIST DIVERSIFIED HOLDINGS, L.P.,
	 	a Delaware limited partnership
	 	 
	 	 
	 	By:	/s/ William R. Elliott	(SEAL)
	 	 	William R. Elliott, Authorized Signatory

 

	 	SELLER:
	 	 
	 	 
	 	CONTINENTAL PARKWAY, LLC
	 	a Virginia limited liability company
	 	 
	 	By:	Continental Manager Parkway, LLC
	 	 	a Virginia limited liability company,
	 	 	its Manager
	 	 
	 	 	By: Continental Capital Management, LLC
	 	 	a Virginia limited liability company,
	 	 	its Manager
	 	 
	 	 	 	By:	/s/ Jeremy R. McLendon	(SEAL)
	 	 	 	 	Jeremy R. McLendon, Manager

 

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