Document:

EX-10.21

 Exhibit 10.21 

PURCHASE AND SALE AGREEMENT 

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is executed by and between Coyote Lakes Self-Storage LLC, a
Washington limited liability company (“Seller”), and SST VI Acquisitions, LLC, a Delaware limited liability company (“Purchaser”). 

In consideration of the mutual covenants and representations herein contained, and other good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, Seller and Purchaser agree as follows: 
 1. 

PURCHASE AND SALE 
 1.1
Purchase and Sale. Subject to the terms and conditions of this Agreement, Seller hereby agrees to sell and convey to Purchaser, and Purchaser hereby agrees to purchase from Seller, all of Seller’s right, title and interest in and to the
following described property (herein collectively called the “Property”): 
 (a) Land. That
certain tract of land located at 11658 West Bell Road, Surprise, Arizona 85378, containing approximately 2.98 acres, and being more particularly described on Exhibit “A”
attached hereto and made a part hereof (herein, the “Land”). 
 (b) Easements. All easements,
if any, benefiting the Land or the “Improvements” (as defined in Section 1.1(d) of this Agreement). 

(c) Rights and Appurtenances. All rights and appurtenances pertaining to the Land, including any right, title and
interest of Seller in and to adjacent streets, alleys or rights-of-way. 

(d) Improvements. All improvements and related amenities in and on the Land, comprising approximately 72,825 net
rentable square feet of storage space, 665 rental units, and being commonly known as “Coyote Lakes Cool Storage” (herein, the “Improvements”). 

(e) Leases. Seller’s interest under (i) all written leases, occupancy agreements and rental agreements
(collectively, the “Leases”) for rental units in the Property, including all tenant leasing files, together with all tenant security deposits held by Seller on the “Closing Date” (as defined in
Section 6.1 of this Agreement) (ii) all cellular tower leases relating to the Property, if any, as more particularly described on Schedule “B” attached hereto and incorporated herein (the “Tower
Leases”), and (iii) all billboard leases relating to the Property, if any, as more particularly described on Schedule “C” attached hereto and incorporated herein (the “Billboard Leases”). 

(f) Tangible Personal Property. All appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other
items of personal property owned by Seller and located on or about the Land and the Improvements (the “Tangible Personal Property”), including, without limitation, those items of personal property set forth on
Exhibit “D” attached hereto. 
 (g)
Contracts. Seller’s interest (to the extent the same is assignable) under the “Contracts” (as defined below), other than the “Rejected Contracts” (as defined below). 

 (g) Intangible Property. All intangible property owned by Seller and
pertaining to the Land, the Improvements, or the Tangible Personal Property, including, without limitation, (i) all “yellow page” advertisements, (ii) all transferable utility contracts, (iii) all transferable telephone
exchange numbers, including the telephone numbers 623-973-2223, 623-972-2333, 623-972-1376, 623-972-2803,
623-977-1364, 623-977-1655, 623-977-3740, 623-875-3989, 623-428-2824, 623-932-9448, (iv) all plans and specifications, (v) all licenses, permits, engineering plans and landscape plans, (vi) all assignable warranties and guarantees
relating to the Property or any part thereof, (vii) all internet websites and other internet related property rights owned by Seller and/or any affiliate thereof and relating to the Property, including the domain name
CoyoteLakesCoolStorage.com, and the website information, paid search campaigns and local listing information listed on Exhibit “G” attached hereto, and (viii) all of Seller’s right, title and interest in and
to the trade name “Coyote Lakes Cool Storage”. 
 2. 

PURCHASE PRICE 
 2.1
Purchase Price. The purchase price (the “Purchase Price”) for the Property shall be the sum of Thirteen Million Five Hundred Thousand and no/100 Dollars ($13,500,000.00), subject to prorations and adjustments as set
forth in this Agreement, and shall be paid by Purchaser to Seller at the Closing by wire transfer of immediately available funds to the “Escrow Agent” (as defined below) on the Closing Date in accordance with wire transfer instructions to
be provided by the Escrow Agent. The parties hereto agree that Purchaser may allocate up to ten percent (10%) of the Purchase Price to goodwill. 

3. 
 EARNEST MONEY 

3.1 Earnest Money. 
 (A)
Purchaser shall deliver Republic Title of Texas, Inc., 2626 Howell Street, 10th Floor, Dallas, Texas 75204, Attn: Jeff Porter (“Escrow Agent” and “Title Company”), within three (3) business days
after the “Effective Date” (as defined below), an earnest money deposit (the “Initial Deposit”) in the amount of One Hundred Seventy Five Thousand and no/100 Dollars ($175,000.00). In the event
that Purchaser delivers the “Closing Notice” (as defined in Section 4.1.1 of this Agreement) to Seller, then within three (3) business days following the expiration of the “Approval Period” (as defined in
Section 4.1.1 of this Agreement), Purchaser shall make an additional deposit (the “Additional Deposit”) with Escrow Agent in the amount of One Hundred Seventy Five Thousand and no/100 Dollars
($175,000.00). 
 (B) The Initial Deposit, together with the Additional Deposit, if delivered hereunder, and together with all interest
accrued thereon, are herein collectively called the “Earnest Money”. The Initial Deposit and the Additional Deposit, if made, shall be invested by the Escrow Agent in an FDIC-insured,
interest-bearing account as Purchaser shall direct. If the sale of the Property is consummated under this Agreement, the Earnest Money shall be paid to Seller and applied as a credit against the Purchase Price
at Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnest Money shall be returned to Purchaser by Escrow Agent, and neither party hereto shall have
any further rights or obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the “Surviving Obligations”). 

 4. 

CONDITIONS TO CLOSING 
 4.1
Seller’s Obligations. Seller shall deliver to Purchaser (at Seller’s expense), within two (2) days after the Effective Date (the “Due Diligence Delivery Date”), true, correct, complete and legible copies
of all of the due diligence items listed on Schedule “A” attached hereto and incorporated herein with respect to the Property (collectively, the “Due Diligence Items”).
Notwithstanding the foregoing or anything to the contrary contained in this Agreement, Purchaser may request additional information, documentation or materials concerning the Property from Seller at any time after the Effective Date, and Seller
agrees to use commercially reasonable efforts to provide such additional information, documentation or materials to Purchaser, at no cost or expense to Seller, provided it is within Seller’s possession or under its control, and further provided
that the delivery or non-delivery of any such item shall in no manner extend the Approval Period. 

4.1.1 Approval Period. During the period commencing on the Effective Date and expiring at 5:00 p.m. Pacific Time on the fortieth (40th) day following the Due Diligence Delivery Date (the “Approval Period”), the following matters shall be conditions precedent to Purchaser’s obligations under this
Agreement: 
 (a) Purchaser’s being satisfied, in Purchaser’s sole discretion, that the Property is suitable for
Purchaser’s intended use; and 
 (b) Purchaser’s being satisfied, in Purchaser’s sole discretion, with all of
the Due Diligence Items. 
 Purchaser may (but shall not be obligated to) terminate this Agreement by delivering written notice of such
termination to Seller at any time prior to the expiration of the Approval Period, if, in Purchaser’s sole and absolute discretion, Purchaser decides not to consummate the purchase of the Property contemplated hereby. In such event, this
Agreement will terminate as of the date of such notice, and neither party shall have any further rights or obligations hereunder except for the Surviving Obligations. If, in Purchaser’s sole and absolute discretion, Purchaser determines that it
desires to consummate the purchase of the Property contemplated hereby, then Purchaser will give written notice thereof (the “Closing Notice”) to Seller, prior to the expiration of the Approval Period. In the event that
Purchaser provides Seller with the Closing Notice, then Purchaser will be deemed to have waived its termination rights under this Section 4.1.1, and the parties will proceed to Closing, subject to all other terms and
conditions of this Agreement. If Purchaser does not give Seller the Closing Notice prior to the expiration of the Approval Period and has not previously terminated this Agreement by written notice to Seller, then this Agreement automatically shall
terminate upon the expiration of the Approval Period, and, in such event, neither party shall have any further rights or obligations hereunder except for the Surviving Obligations. In either of such events terminating this Agreement, immediately
following written request from Purchaser to the Escrow Agent, the Escrow Agent shall return all of the Earnest Money to Purchaser, without the consent or joinder of Seller being required and notwithstanding any contrary instructions which might be
provided by Seller. 
 4.1.2 Title Commitment. Seller shall convey good and marketable title to the Property to Purchaser at Closing,
subject only to the “Permitted Encumbrances” (defined below). Within five (5) days following the Effective Date, Seller shall obtain, at its sole cost and expense, and deliver to Purchaser, a title commitment (the “Title
Commitment”) for a standard form ALTA Extended Owner’s Policy of Title Insurance (the “Title Policy”) in the amount of the Purchase Price, issued by the Title Company, insuring good and marketable fee simple
title to the Property, together with legible copies of all exceptions listed therein. Purchaser shall have ten (10) days following its receipt of the Title Commitment, legible copies of all exceptions listed therein and the “Survey”
(defined below), to deliver to Seller written notice of 

 
Purchaser’s objections to title (the “Title Objection Letter”). Seller shall have the right, but not the obligation, to cure Purchaser’s objections to title;
subject, however, to Seller’s obligation to remove all “Monetary Liens” (as defined below) by Closing. Seller shall notify Purchaser in writing within five (5) days following Seller’s receipt of the Title Objection Letter
concerning which title objections, if any, Seller has agreed to cure. In the event that Seller does not undertake to cure all of the objections in the Title Objection Letter to Purchaser’s sole satisfaction (or does not timely respond to the
Title Objection Letter), then Purchaser shall have the right for five (5) days after receipt of Seller’s response to the Title Objection Letter (or five (5) days following the expiration of the period within which Seller was to so
respond) to either (i) waive any such title objection in writing and proceed to Closing (in which event such waived title objection shall be deemed to be a “Permitted Encumbrance”, as defined below), or (ii) terminate this
Agreement upon written notice to Seller and receive an immediate refund of the Earnest Money, without the consent or joinder of Seller being required and notwithstanding any contrary instructions which might be provided by Seller, in which event
neither party hereto shall have any further rights or obligations under this Agreement except for the Surviving Obligations. All exceptions set forth in Schedule B of the Title Commitment which are not objected to by Purchaser (including matters
initially objected to by Purchaser which objections are subsequently waived in writing) are herein collectively called the “Permitted Encumbrances”. In the event that any update to the Title Commitment or Survey indicates the
existence of any liens, encumbrances or other defects or exceptions (the “Unacceptable Encumbrances”) which were not shown in the initial Title Commitment or Survey and that are unacceptable to Purchaser, in its sole
discretion, Purchaser shall within five (5) days after receipt of any such update to the Title Commitment or Survey notify Seller in writing of its objection to any such Unacceptable Encumbrance (the “Unacceptable Encumbrance
Notice”). Notwithstanding anything to the contrary contained herein, Seller shall have no obligation to take any steps or bring any action or proceeding or otherwise to incur any expense whatsoever to eliminate or modify any of the
Unacceptable Encumbrances; provided, however, that Seller shall, prior to Closing, eliminate by paying, bonding around or otherwise discharging in a manner satisfactory to Purchaser (i) any Unacceptable Encumbrances that arise by, through or
under Seller, and (ii) any mortgages, deeds of trust, deeds to secure debt, mechanics’ liens or monetary judgments that appear on the Title Commitment (“Monetary Liens”). In the event Seller is unable, unwilling or
for any reason fails to eliminate or modify all of the Unacceptable Encumbrances to the sole satisfaction of Purchaser (other than the Unacceptable Encumbrances and Monetary Liens required to be removed by Seller in accordance with the preceding
sentence), Purchaser may terminate this Agreement by delivering notice thereof in writing to Seller by the earliest to occur of (i) the Closing Date, (ii) five (5) days after Seller’s written notice to Purchaser of Seller’s
intent to not cure one or more of such Unacceptable Encumbrances, or (iii) ten (10) days after the Unacceptable Encumbrance Notice, in the event Seller does not timely respond thereto. Upon a termination of this Agreement pursuant to the
immediately preceding sentence, the Earnest Money shall be returned to Purchaser, without the consent or joinder of Seller being required and notwithstanding any contrary instructions which might be provided by Seller, and neither party shall have
any further rights or obligations hereunder other than the Surviving Obligations. 
 4.1.3 Survey. Purchaser shall obtain, at its
sole cost and expense, a current, as-built survey of the Property prepared by a registered surveyor acceptable to Purchaser (the “Survey”), which may be an update of the existing survey
delivered by Seller to Purchaser pursuant to Section 4.1 above. 
 4.1.4 Contracts. Purchaser shall notify
Seller prior to the expiration of the Approval Period which of the “Contracts” (as defined below) Purchaser will require Seller to cancel at Closing (the “Rejected Contracts”), and Seller hereby agrees to cancel
same not later than Closing, at Seller’s sole cost and expense. Additionally, any Contracts which are not assignable shall be the sole responsibility of Seller, shall be cancelled by Seller on or before Closing, and Seller shall and hereby
agrees to indemnify Purchaser for, from and against any and all liability relating thereto, which indemnification obligation expressly shall survive Closing. 

 4.2 Inspection. During the Approval Period, at any time and from time to time during
normal business hours (and thereafter through the Closing Date), Purchaser may inspect, test, and survey: (a) the Property and any and all portions thereof, including physical and mechanical inspections, (b) all financial and other records
pertaining to the operation of the Property, including, but not limited to, all books, records, documents, accounting and management reports of Seller, and (c) originals of all Leases and Contracts. Notwithstanding the foregoing, Purchaser must
obtain Seller’s prior written approval of the scope and method of any environmental testing or investigation (other than a Phase I environmental site assessment, which shall require no consent or approval of any kind), prior to Purchaser’s
commencement of such inspections or testing. Seller shall cooperate in good faith with Purchaser, Purchaser’s agents and independent contractors in connection with all such inspections, tests and surveys, including obtaining all necessary
tenant consents and/or providing adequate notice to tenants regarding Purchaser’s entry into leased areas on the Property, and making available during normal business hours all relevant personnel to answer any questions which Purchaser may have
regarding the Property. Purchaser, at Purchaser’s sole expense, shall repair any and all damage resulting from any of the tests, studies, inspections and investigations performed by or on behalf of Purchaser pursuant to this
Section 4.2, and Purchaser shall indemnify, defend and hold Seller harmless from and against all claims for bodily injury or property damage which may be asserted against Seller arising out of the tests, studies,
inspections and investigations performed by Purchaser hereunder, which obligation of indemnification shall survive the Closing or termination of this Agreement. Notwithstanding the foregoing, Purchaser shall have no liability with respect to matters
relating to any pre-existing conditions on the Property. Prior to any entry onto the Property by Purchaser or any of its agents, Purchaser shall furnish Seller with evidence that Purchaser maintains a policy
of general liability insurance providing premises/operations coverage included under the per occurrence/general aggregate coverage, having a combined single limit liability of not less than $1,000,000, naming Seller as an additional insured. All
entries onto the Property by Purchaser shall be preceded by not less than 24 hours prior notice to Seller, which may be verbal. 
 4.3
Seller’s Representations and Warranties. 
 (a) Each Seller represents and warrants to Purchaser that: 

(i) Seller has the full right, power, and authority, without the joinder of any other person or entity, to enter into,
execute and deliver this Agreement, and to perform all duties and obligations imposed on Seller under this Agreement, 

(ii) neither the execution nor the delivery of this Agreement, nor the consummation of the purchase and sale contemplated
hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement conflict with or will result in the breach of any of the terms, conditions, or provisions of any agreement or instrument to which Seller is a party or by
which Seller or any of Seller’s assets is bound, 
 (iii) there is no existing or pending (or to Seller’s
knowledge threatened) litigation affecting Seller or the Property, 
 (iv) Seller has no knowledge of, and has not
received any written notice of, any violation of any governmental requirements (including “Environmental Requirements”, as defined below) concerning the Property, which have not been remedied, 

(v) Seller has no knowledge of, and has not received, with respect to the Property, written notice from any governmental
authority regarding, any change to the zoning classification, any condemnation proceedings or proceedings to widen or realign any street or highway adjacent to the Property or that otherwise affects the Land or the Improvements, 

 (vi) the list of contracts attached hereto as
Exhibit “E” (the “Contracts”), is a true, correct and (to the best knowledge of Seller) complete list of all service contracts, equipment leases
and/or maintenance agreements affecting the Property, and there are no other such agreements affecting the Property, 

(vii) Seller is not a “foreign person” within the meaning of Sections 1445 and 7701 of the Internal Revenue Code
of 1986, as amended, 
 (viii) except for those tenants in possession of the Property under written leases for space in
the Property, as shown on the rent roll attached hereto as Exhibit “F” (the “Rent Roll”), there are no parties in possession of, or claiming any
possession to, any portion of the Property, 
 (ix) at Closing there will be no unpaid bills or claims in connection
with any repair of the Property by or on behalf of Seller that could result in the filing of a lien against the Property, 

(x) the Rent Roll (which is effective as of the date indicated thereon), and as the same shall be updated and recertified
at Closing by Seller, is and shall be true, correct and complete in all material respects and no concessions, discounts or other periods of free or discounted rent have been given other than those reflected on such Rent Roll, 

(xi) the financial information delivered by Seller to Purchaser pursuant to Section 4.1 hereof,
is, to the best of Seller’s knowledge, true, correct and complete in all material respects, 
 (xii) Except as set forth
in those certain environmental reports furnished to Purchaser by Seller, as more particularly described on Schedule “D” attached hereto and incorporated herein, Seller has no knowledge, and has received no notice,
regarding any environmental contamination on, at or adjacent to the Property, 
 (xiii) Seller has not received any written
or verbal notice or request from any insurance company or board of fire underwriters (or any organization exercising functions similar thereto) requesting the performance of any work or alterations with respect to the Property, except those as to
which Seller has completed remedial action which has been formally accepted as sufficient by such authority or insurer, 

(xiv) there are no employment agreements of any kind to which Seller is a party, including union or collective bargaining
agreements, which will be binding on Purchaser after the Closing, 
 (xv) to the best of Seller’s knowledge,
(1) there are no underground storage tanks presently located on or under the Property, (2) there are no conditions on, at or relating to the Property which are in non-compliance with
“Environmental Requirements” (as defined below), and (3) there are no “Hazardous Materials” (as defined below) on, in or under the Property in quantities that require reporting, investigation or remediation under
Environmental Requirements, 
 (xvi) Seller is in compliance with the requirements of Executive Order No. 13224, 66 Fed.
Reg. 49079 (Sept. 23, 2001) (the “Executive Order”) and other similar requirements contained in the rules and regulations of the office of Foreign Assets Control, Department of the Treasury (“OFAC”) and in any enabling
legislation or other Executive Orders or regulations in respect thereof (the Executive Order and such other rules, regulations, legislation, or orders are collectively called the “Foreign Asset Orders”). Neither Seller nor any beneficial
owner of Seller (a) is listed on the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to the Executive Order and/or on any other list of terrorists or terrorist organizations maintained

 
pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Foreign Asset Orders (such lists are collectively referred to as the “OFAC Lists”) or
(b) is a person who has been determined by competent authority to be subject to the prohibitions contained in the Foreign Asset Orders; or (c) is owned or controlled by, or acts for or on behalf of, any person on the OFAC Lists or any
other person who has been determined by competent authority to be subject to the prohibitions contained in the Foreign Asset Orders, or any other anti-terrorism or anti-money laundering laws or regulations, including, without limitation, the Bank
Secrecy Act, as amended, or the Money Laundering Control Act of 1986, as amended, 
 (xvii) Seller has no knowledge of any
material defects in the drainage systems, foundations, walls, superstructures, plumbing, air conditioning and heating equipment, electrical wiring, boilers, hot water heaters or other portions of the Property. 

(xviii) to the best of Seller’s knowledge, including following inquiry of Seller’s property manager, all sales or
transactional privilege taxes from each applicable sales taxing authority (state, county, and city) with respect to the Property are paid current and there are no delinquencies with respect to the payment of such taxes. 

Seller shall deliver a certificate to Purchaser at Closing recertifying all of the foregoing representations and warranties to Purchaser as of
the Closing Date, such that all such representations and warranties shall be deemed made to Purchaser as of the Closing Date. All of the foregoing representations and warranties expressly shall survive the Closing. 

(b) For purposes of this Agreement, “Hazardous Materials” shall mean any substance which is or contains (i) any “hazardous
substance” as now or hereafter defined in §101(14) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. §9601 et seq.) (“CERCLA”) or any regulations
promulgated under CERCLA; (ii) any “hazardous waste” as now or hereafter defined in the Resource Conservation and Recovery Act (42 U.S.C. §6901 et seq.) (“RCRA”) or regulations promulgated under RCRA;
(iii) any substance regulated by the Toxic Substances Control Act (15 U.S.C. §2601 et seq.); (iv) gasoline, diesel fuel, or other petroleum hydrocarbons; (v) asbestos and asbestos containing materials, in any form, whether
friable or non-friable; (vi) polychlorinated biphenyls; (vii) radon gas; (viii) any radioactive material, including any “source material”, “special nuclear material” or
“byproduct material”, as now or hereafter defined in 42 U.S.C. §2011 et seq.; (ix) any additional substances or materials which are now or hereafter classified or considered to be hazardous or toxic under “Environmental
Requirements” (as defined below) or the common law, or any other applicable laws relating to the Property, and (x) any “hazardous substance” as now or hereafter defined in the Arizona Environmental Quality Act (Title 49, Arizona
Revised Statutes) . Hazardous Materials shall include, without limitation, any substance, the presence of which on the Property, (A) requires reporting, investigation or remediation under Environmental Requirements; (B) causes or threatens
to cause a nuisance on the Property or adjacent property or poses or threatens to pose a hazard to the health or safety of persons on the Property or adjacent property; or (C) which, if it emanated or migrated from the Property, could
constitute a trespass. Further, for purposes of this Agreement, “Environmental Requirements” shall mean all laws, ordinances, statutes, codes, rules, regulations, agreements, judgments, orders, and decrees, now or hereafter enacted,
promulgated, or amended, of the United States, the states, the counties, the cities, or any other political subdivisions in which the Property is located, and any other political subdivision, agency or instrumentality exercising jurisdiction over
the owner of the Property, the Property, or the use of the Property, relating to pollution, the protection or regulation of human health, natural resources, or the environment, or the emission, discharge, release or threatened release of pollutants,
contaminants, chemicals, or industrial, toxic or hazardous substances or waste or Hazardous Materials into the environment (including, without limitation, ambient air, surface water, ground water or land or soil). 

 4.5 Conditions Precedent to Closing. It shall be a condition precedent to
Purchaser’s obligations to consummate this transaction that (a) all representations and warranties made herein by Seller are true and correct in all respects as of the Closing Date, and all covenants made by Seller herein are fully
complied with, and (b) as of the Closing Date, there shall exist no pending or threatened actions, suits, arbitrations, claims, attachments, proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other
proceedings that could adversely affect the Property, including the operation or value thereof, or Seller’s ability to perform its obligations under this Agreement, failing which, Purchaser, at its option, and in addition to any other remedy
available, shall be entitled to terminate this Agreement and receive a return of the Earnest Money. 
 5. 

COVENANTS OF SELLER 
 5.1
Insurance. From the Effective Date through and including the Closing Date, Seller agrees to keep the Property insured under its current property and liability policies in its current coverage amounts, copies of which shall be provided by
Seller to Purchaser within five (5) business days following the Effective Date, and to pay all premiums for such insurance prior to the applicable due dates. 

5.2 Operation of Property. From the Effective Date through and including the Closing Date, Seller agrees to operate and maintain the
Property in the normal course of business substantially in accordance with Seller’s current practices with respect to the Property, normal wear and tear excepted. 

5.3 Third-Party Contracts. From the Effective Date through and including the Closing Date, Seller agrees to enter into only those
third-party contracts which are necessary to carry out its obligations under Section 5.2, which shall be on market terms and cancellable on thirty (30) days written notice or less, without payment of any fee or
penalty. Copies of all such contracts so entered into by Seller shall be promptly provided by Seller to Purchaser. 
 5.4 Leasing of
Property. From the Effective Date through and including the Closing Date, Seller agrees not to (i) enter into any new leases, other than month-to-month leases
entered into on market terms, but without discounts or rental concessions in excess of market discounts or concessions, or (ii) amend, terminate or accept the surrender of any existing leases, or directly or indirectly grant any discounts or
rental concessions to any present or future tenant of the Property in excess of market discounts or concessions, without the prior written consent of Purchaser which may be granted or withheld in Purchaser’s sole discretion. Seller represents
and warrants to Purchaser that (a) no leases have been or shall be entered into with any party that, directly or indirectly, has an ownership interest in Seller, or is otherwise in any manner affiliated with Seller (an “Affiliate”),
and (b) subject to subparagraph (a) above, all existing leases have been (and all future leases shall be) entered into only with third parties that are unknown to Seller, any Affiliate of Seller, and their respective officers, directors,
principals, managers, members, partners, shareholders, agents and/or representatives. 
 5.5 Listing of Property for Sale. From the
Effective Date through and including the Closing Date, Seller agrees to not list, verbally or in writing, the Property with any broker or otherwise solicit or make or accept any offers to sell the Property or enter into any contracts or agreements,
including back-up contracts, regarding any disposition of the Property. 
 5.6 Obligation to
Provide Notices. Seller agrees to promptly provide Purchaser with copies of any and all notices which Seller receives from and after the Effective Date concerning (i) any proposed or threatened condemnation of the Property, (ii) any
alleged violations of the Property with respect to applicable governmental laws or requirements, (iii) any litigation filed or threatened against Seller or the Property, or (iv) any other matter that adversely affects, or potentially could
adversely affect, the Property. 

 5.7 Auction. Seller shall continue to conduct auctions for all past due units in
accordance with Seller’s current auction practices. All auctions shall be conducted in accordance with the laws of the State of Arizona. Seller will hold Purchaser and Purchaser’s agents and representatives harmless from any legal actions
brought by any tenant as a result of any such auction or any other action of Seller with regard to the sale of a tenant’s property during the period Seller owned the Property. Seller’s obligations under the immediately preceding sentence
expressly shall survive Closing. 
 5.8 Property Apartments. In the event the Property contains one or more apartments (collectively,
the “Property Apartments”, whether one or more), whether for the use of the property manager or otherwise, Seller shall (i) cause all tenants and other occupants of the Property Apartments to vacate same not later than Closing,
(ii) deliver possession of the Property Apartments to Purchaser at Closing, in good condition, free and clear of the claims of any tenants or other existing tenancies, and not otherwise subject to the rights or claims of any third party, and
(iii) indemnify and hold Purchaser harmless from and against any claims, causes of action, loss, cost or expense incurred by Purchaser with respect to the Property Apartments. Seller’s obligations contained in this
Section 5.8 expressly shall survive Closing. 
 6. 

CLOSING 
 6.1
Closing. Assuming that all conditions to closing have been satisfied and this Agreement has not otherwise been terminated, the consummation of the transaction contemplated hereby (the “Closing”) shall be held at the
offices of the Escrow Agent, located at the address set forth in Section 9.1 hereof, on the date (the “Closing Date”) that is ten (10) days following the expiration of the Approval Period.
Seller and Purchaser agree that the Closing shall be consummated through an escrow closing with the Escrow Agent acting as escrow agent, and neither party need be present at Closing. 

6.2 Possession. Possession of the Property shall be delivered to Purchaser at the Closing, subject only to tenants in possession under
the Leases. 
 6.3 Proration. All rents, other amounts payable by the tenants under the Leases and all other income with respect to
the Property for the month in which the Closing occurs, to the extent collected by Seller on or before the Closing Date, and real estate and personal property taxes and other assessments with respect to the Property for the year in which the Closing
occurs, shall be prorated to the Closing Date, with Purchaser receiving the benefits and burdens of ownership on the Closing Date. To the extent any such rents, real estate taxes, personal property taxes and other assessments with respect to the
Property are unknown or otherwise not accounted for at Closing Seller’s obligation to pay its prorata share of said amounts (as calculated in accordance with the previous sentence) to Purchaser shall survive Closing. Should any rollback or
similar taxes be due and payable on or after Closing with respect to the transaction contemplated hereby, such taxes shall be the sole responsibility of Seller, and Seller hereby agrees to hold Purchaser harmless therefrom, and indemnify Purchaser
for, from and against all such obligations, which obligations of Seller expressly shall survive Closing. Utilities shall be canceled by Seller and reestablished in Purchaser’s name on the Closing Date, if possible; otherwise utilities shall be
prorated at Closing. Any amounts unpaid under the Contracts which Purchaser elects to assume at Closing shall be prorated between Seller and Purchaser at Closing. 

(a) If the Closing shall occur before rents and all other income from the Property have actually been paid for the month in which the Closing
occurs, the apportionment of such rents and other amounts and other income at Closing shall be upon the basis of such rents, other amounts and other income actually received by Seller, with Purchaser receiving the portion of all such rentals and
other amounts attributable to the period from and after Closing, which proration obligation expressly shall survive Closing, and shall 

 
occur within ten (10) business days following Closing. For a period of thirty (30) days following Closing, if any rents which are delinquent as of Closing are actually received by
Purchaser, in good funds, all such amounts shall first be applied to post-closing rents and other amounts due to Purchaser for the period from and after Closing, and the balance shall be paid by Purchaser to
Seller within thirty (30) days following Purchaser’s receipt thereof, to the extent, and only to the extent of any rental delinquencies owed by any such tenant to Seller for the period prior to Closing. Notwithstanding the foregoing
provisions of this Section 6.3(a), all rentals that are received by Purchaser more than thirty (30) days following Closing shall be retained by Purchaser, and Seller shall have no rights with respect thereto. If,
subsequent to the Closing, any rents or other income are actually received by Seller, Seller shall immediately remit the same, or Purchaser’s prorata share thereof calculated as aforesaid, to Purchaser. Seller agrees that, after the Closing, it
shall not file any eviction action in an effort to collect any outstanding rents that remain owing to Seller after the Closing. 
 (b) If
the Closing shall occur before the tax rate or the assessed valuation of the Property is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the preceding year, including all matters appearing on
the tax bill for such year, whether ad valorem or non-ad valorem, applied to the latest assessed valuation. The proration shall allow for any available discount. Subsequent to the Closing, when the tax rate
and the assessed valuation of the Property are fixed for the year in which the Closing occurs, the parties agree to adjust the proration of taxes and, if necessary, to refund or repay such sums as shall be necessary to effect such adjustment, which
obligation expressly shall survive Closing. 
 (c) Seller shall pay all assessments, contributions, fees and related charges required to be
paid upon transfer of the Property pursuant to any declaration or restriction affecting the Property. 
 (d) In the event any prorations
made at Closing pursuant to this Section 6.3 are determined after Closing to be incorrect, the parties agree to promptly correct such error. 

The terms and provisions of this Section 6.3 shall expressly survive Closing. 

6.4 Closing Costs and Credits. Purchaser shall pay, on the Closing Date, (a) one half (1/2) of any customary and reasonable escrow
fees of the Escrow Agent, (b) all recording costs relating to the Deed, (c) all title insurance costs relating to extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, (d) all costs relating
to the Survey, and (e) the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, (v) all costs relating to the termination of Seller’s property management agreement, including any early termination fees (w) all
title insurance costs relating to the base ALTA Owner’s Title Policy in the amount of the Purchase Price, including mechanic’s lien coverage, (w) one half (1/2) of any customary and reasonable escrow fees of the Escrow Agent,
(x) all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, (y) all costs and expenses relating to retirement of any and all indebtedness secured by the
Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations and reconveyances of deeds of trust, and (z) the fees of Seller’s counsel.
Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date,
Seller shall leave petty cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement. 

 6.5 Seller’s Obligations at the Closing. At the Closing, or at such other time
as indicated below, Seller shall take such action as the Escrow Agent reasonably requires to consummate the transactions made the subject of this Agreement and shall deliver to Purchaser (or cause to be delivered to Purchaser) the following: 

(a) Deed. A Special Warranty Deed (the “Deed”) conveying the Land and the Improvements to
Purchaser, in the form attached to this Agreement as Exhibit “B”, subject only to the Permitted Encumbrances. The description of the Land provided with the Survey shall be the description used in the Deed. 

(b) Assignment of Personal Property, Service Contracts, Warranties and Leases. An Assignment of Personal Property,
Service Contracts, Warranties and Leases (the “Assignment”), in the form attached to this Agreement as Exhibit “C”. 

(c) Evidence of Authority. Such organizational and authorizing documents of Seller as shall be reasonably required by
the Escrow Agent to evidence Seller’s authority to consummate the transactions contemplated by this Agreement. 
 (d)
Foreign Person. An affidavit of Seller certifying that Seller is not a “foreign person,” as defined in the federal Foreign Investment in Real Property Tax Act of 1980, and the 1984 Tax Reform Act, as amended. 

(e) Leases. The originals of all of the Leases in Seller’s possession or control, and copies of all other Leases.

 (f) Contracts. The originals of all of the Contracts other than Rejected Contracts, and evidence that all Rejected
Contracts have been cancelled. 
 (g) Termination of Management Agreement. Evidence of the termination of any and all
management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager. 

(h) Affidavit. An affidavit in the form reasonably required by the Escrow Agent to remove any standard exceptions from
the Title Policy, including mechanics’ liens, parties in possession and similar matters, together with a GAP indemnity. 

(i) Reaffirmation Certificate. A reaffirmation certificate in accordance with the provisions of
Section 4.3(a). 
 (j) Title Policy. The Title Policy, issued by the Escrow Agent on behalf
of the Title Company, in the form required by this Agreement; provided that in the event the Title Policy is not available at Closing, then the Escrow Agent shall provide Purchaser at Closing a proforma owner’s title policy, with the Title
Policy to be delivered to Purchaser as promptly after Closing as reasonably possible. 
 (k) Tax Clearance Letters.
Clean “tax clearance” letters, as current as possible, but in no event dated earlier than five (5) days prior to the Closing Date, confirming the payment of any sales or transaction privilege tax from each applicable sales taxing
authority (state, county and city) with respect to the Property; provided, further, however, that if Seller is not able to provide at Closing such tax clearance letters despite using commercially reasonable efforts, Seller shall (i) provide
such other proof of payment of all sales, contracting and/or transaction privilege taxes due to the State of Arizona, County of Maricopa, and the City of Surprise from all activity undertaken for or on behalf of Seller on the Property, and
(ii) escrow such funds at Closing 

 
as Purchaser determines are reasonably required to cover the amount of any unpaid taxes, pursuant to an escrow agreement in form reasonably acceptable to Seller and Purchaser, which escrowed
funds shall be released to Seller upon delivery of the tax clearance letters. 
 (l) Affidavit of Value. An Affidavit
of Property Value with respect to the Deed, in the form required by Arizona Revised Statute 11-1133, which shall be recorded at Closing together with the Deed.. 

(m) Seller’s Closing Statement. Seller shall execute and deliver to the Title Company a Seller’s Closing
Statement, in conformity with the terms of this Agreement, and otherwise in form satisfactory to Seller. 
 6.6 Purchaser’s
Obligations at the Closing. At the Closing, Purchaser shall deliver to the Escrow Agent the following: 
 (a) Purchase
Price. The Purchase Price (net of Earnest Money to be applied against the Purchase Price, and subject to adjustment in connection with prorations, credits and charges hereunder), payment of which shall be made by wire transfer of immediately
available funds to the account of the Escrow Agent. 
 (b) Evidence of Authority. Such organizational and authorizing
documents of Purchaser as shall be reasonably required by the Escrow Agent to evidence Purchaser’s authority to consummate the transactions contemplated by this Agreement. 

(c) Affidavit of Value. An Affidavit of Property Value with respect to the Deed, in the form required by Arizona Revised
Statute 11-1133, which shall be recorded at Closing together with the Deed.. 
 (d)
Purchaser’s Closing Statement. Purchaser shall execute and deliver to the Title Company a Purchaser’s Closing Statement, in conformity with the terms of this Agreement, and otherwise in form satisfactory to Purchaser. 

7. 
 RISK OF LOSS 

7.1 Condemnation. If, prior to the Closing, action is initiated to take all or a “Material Portion” (as defined below) of the
Property, by eminent domain proceedings or by deed in lieu thereof, Purchaser may either at or prior to Closing (a) terminate this Agreement, in which event the Earnest Money shall be refunded to Purchaser, without the consent or joinder of
Seller being required and notwithstanding any contrary instructions which might be provided by Seller, and neither party shall have any further rights or obligations hereunder, other than the Surviving Obligations, or (b) consummate the
Closing, in which latter event all of Seller’s assignable right, title and interest in and to the award of the condemning authority shall be assigned to Purchaser at the Closing and there shall be no reduction in the Purchase Price. As used
herein, a pending or threatened condemnation shall be deemed to affect a “Material Portion” of the Property if (i) all or any portion of any building is proposed to be taken, (ii) the condemnation will materially or adversely
affect or impair the business operated on the Property, or (iii) the condemnation will affect any means of access to the Property or any parking servicing the Property. If any action is initiated which does not affect a Material Portion of the
Property, then Purchaser shall proceed with the Closing, all of Seller’s assignable right, title and interest in and to the award of the condemning authority shall be assigned to Purchaser at the Closing, and there shall be no reduction in the
Purchase Price 

 7.2 Casualty. Seller assumes all risks and liability for damage to or injury
occurring to the Property by fire, storm, accident, or any other casualty or cause until the Closing has been consummated. If the Property suffers any damage equal to or in excess of One Hundred Fifty Thousand and no/100 Dollars ($150,000.00) prior
to the Closing from fire or other casualty, Purchaser may either at or prior to Closing (a) terminate this Agreement, in which event the Earnest Money shall be refunded to Purchaser, without the consent or joinder of Seller being required and
notwithstanding any contrary instructions which might be provided by Seller, and neither party shall have any further rights or obligations hereunder, other than the Surviving Obligations, or (b) consummate the Closing, in which latter event
all of Seller’s right, title and interest in and to the proceeds of any insurance covering such damage, and including any and all rent loss insurance proceeds relating to the period from and after the Closing Date, shall be assigned to
Purchaser at the Closing and Purchaser shall receive a credit against the Purchase Price at Closing in an amount equal to the sum of (i) Seller’s deductible under its insurance policy and (ii) the amount of any uninsured or
underinsured loss. If the Property suffers any damage less than One Hundred Fifty Thousand and no/100 Dollars ($150,000.00) prior to the Closing, Purchaser will consummate the Closing and accept the assignment of the proceeds of any insurance
covering such damage, including any and all rent loss insurance proceeds relating to the period from and after the Closing Date, plus receive a credit against the Purchase Price in an amount equal to the sum of (i) Seller’s deductible
under its insurance policy, and (ii) the amount of any uninsured or underinsured loss, and there shall be no other reduction in the Purchase Price. 

8. 
 DEFAULT 

8.1 Breach by Seller. Subject to Section 8.3 below, in the event that Seller fails to consummate this Agreement for any reason,
except Purchaser’s default or a termination of this Agreement by Purchaser or Seller pursuant to a right to do so under the provisions hereof, Purchaser shall be entitled to either (i) pursue the remedy of specific performance of
Seller’s obligations under this Agreement; provided, however, that in the event specific performance for any reason is not available, then Purchaser shall be entitled to recover damages from Seller as described in Section 8.1(ii) below, or
(ii) terminate this Agreement, receive a refund of the Earnest Money, and, at Purchaser’s option, pursue an action against Seller to recover any and all actual damages incurred by Purchaser and/or any affiliates of Purchaser in connection
with the transaction contemplated by this Agreement; provided, however, that in no event shall Seller be liable for consequential or punitive damages arising from Seller’s default. 

8.2 Breach by Purchaser. Subject to Section 8.3 below, in the event that Purchaser breaches any of its covenants, representations
or warranties set forth in this Agreement, including failure by Purchaser to consummate this Agreement for any reason, except Seller’s default or a termination of this Agreement by Purchaser or Seller pursuant to a right to do so under the
provisions hereof, Seller, as its sole and exclusive remedy, may terminate this Agreement and thereupon shall be entitled to receive the Earnest Money as liquidated damages (and not as a penalty). Seller and Purchaser have made this provision for
liquidated damages because it would be difficult to calculate, on the date hereof, the amount of actual damages for such breach, and Seller and Purchaser agree that the Earnest Money represents a reasonable forecast of such damages. 

8.3 Notice and Cure. In the event Seller or Purchaser fails to perform any of its obligations under this Agreement, the non-defaulting party shall provide the defaulting party with notice and five (5) days to cure such default, prior to pursuing any remedies available with respect to such default; provided, however, that
(i) no such notice and cure shall be provided with respect to a party’s default in failing to timely close, or with respect to any party’s anticipatory breach of this Agreement, and (ii) in no event shall any such notice and cure
period result in an extension of the Closing Date. 

 9. 

MISCELLANEOUS 
 9.1
Notices. All notices, demands and requests which may be given or which are required to be given by either party to the other, and any exercise of a right of termination provided by this Agreement, shall be in writing and shall be deemed
effective either: (a) on the date personally delivered to the address below, as evidenced by written receipt therefor, whether or not actually received by the person to whom addressed; (b) on the fifth (5th) business day after being sent,
by certified or registered mail, return receipt requested, addressed to the intended recipient at the address specified below; (c) on the first business day after being deposited into the custody of a nationally recognized overnight delivery
service such as Federal Express Corporation, addressed to such party at the address specified below, (d) on the date delivered by facsimile to the respective numbers specified below, provided confirmation of facsimile is received and further
provided any such facsimile notice shall be sent by one of the other permitted methods of providing notice on the next succeeding business day, or (d) on the date delivered by electronic mail, provided any such notice delivered by electronic
mail shall be sent by one of the other permitted methods of providing notice on the next succeeding business day. For purposes of this Section 9.1, the addresses of the parties for all notices are as follows (unless changed
by similar notice in writing given by the particular party whose address is to be changed): 
  

			
	If to Seller:	  	Coyote Lakes Self-Storage, LLC
		  	918 South Horton, Suite 1000
		  	Seattle, WA 98134
		  	Attn: Glenn R. Davis and Patrick J. Reilly
		  	Tel: (206) 498-4544
		  	Tel: (206) 234-5919
		  	Tel: (206) 322-4868
		  	Fax: (206) 328-3711
		  	Email: glennrdavis@mindspring.com
		  	Email: patrick.reilly@urbanstorage.com
		
	with a copy to:	  	Schlemlein Fick & Franklin, PLLC
		  	66 S. Hanford St. Suite 300
		  	Seattle, WA 98134
		  	Attn: Garth A. Schlemlein
		  	Tel: (206) 448-8100
		  	Fax: (206) 448-8514
		  	Email: gas@soslaw.com
		
	If to Purchaser:	  	SST VI Acquisitions, LLC
		  	10 Terrace Road
		  	Ladera Ranch, CA 92694
		  	Attn: H. Michael Schwartz
		  	Tel: (949) 429-6600
		  	Fax: (949) 429-6606
		  	Email: hms@sam.com
		
	with copies to:	  	SST VI Acquisitions, LLC
		  	8235 Douglas Avenue, #1250
		  	Dallas, Texas 75225
		  	Attn: Wayne Johnson
		  	Tel: (214) 217-9797

			
		  	Fax: (949) 429-6606;
		  	Email: wjohnson@sam.com , and
		
		  	Flynn Law Offices, P.C.
		  	1133 Airline Dr, Suite 2201
		  	Grapevine, TX 76051
		  	Attn: Scott Flynn, Esq.
		  	Tel: (817) 303-2257
		  	Fax: (682) 267-0407
		  	E-Mail: sflynn@flynnlawpc.com
		
	If to Escrow Agent:	  	Republic Title of Texas, Inc.
		  	2626 Howell Street, 10th Floor
		  	Dallas, Texas 75204
		  	Attn: Jeff Porter
		  	Tel: (214) 855-8820
		  	Fax: (972) 516-2512
		  	E-Mail: jporter@republictitle.com

 9.2 Real Estate Commissions. Pursuant to a separate written agreement, Seller has agreed to pay
Marcus & Millichap (“Broker”) a real estate commission upon consummation of the transaction contemplated by this Agreement. Except for Seller’s agreement with Broker, neither Seller nor Purchaser has authorized any broker or
finder to act on any party’s behalf in connection with the sale and purchase hereunder and neither Seller nor Purchaser has dealt with any broker or finder purporting to act on behalf of any other party. Purchaser agrees to indemnify, defend
and hold harmless Seller for, from and against any and all claims, losses, damages, costs or expenses of any kind or character arising out of or resulting from any agreement, arrangement or understanding alleged to have been made by Purchaser or on
Purchaser’s behalf with any broker or finder in connection with this Agreement or the transaction contemplated hereby. Seller agrees to indemnify, defend and hold harmless Purchaser for, from and against any and all claims, losses, damages,
costs or expenses of any kind or character arising out of or resulting from any agreement, arrangement or understanding alleged to have been made by Seller or on Seller’s behalf with any broker or finder in connection with this Agreement or the
transaction contemplated hereby, including Broker. Notwithstanding anything to the contrary contained herein, this Section 9.2 shall survive the Closing or any earlier termination of this Agreement. 

9.3 Entire Agreement. This Agreement embodies the entire agreement between the parties relative to the subject matter hereof, and there
are no oral or written agreements between the parties, nor any representations made by either party relative to the subject matter hereof, which are not expressly set forth herein. 

9.4 Amendment. This Agreement may be amended only by a written instrument executed by the party or parties to be bound thereby. 

9.5 Headings. The captions and headings used in this Agreement are for convenience only and do not in any way limit, amplify, or
otherwise modify the provisions of this Agreement. 
 9.6 Time of Essence. Time is of the essence of this Agreement; however, if the
final date of any period which is set out in any provision of this Agreement falls on a Saturday, Sunday or legal holiday under the laws of the United States or the State of Arizona, then, in such event, the final date of such period shall be
extended to the next day which is not a Saturday, Sunday or legal holiday. 

 9.7 Governing Law. This Agreement shall be governed by the laws of the State of
Arizona and the laws of the United States pertaining to transactions in such State. 
 9.8 Successors and Assigns; Assignment. This
Agreement shall bind and inure to the benefit of Seller and Purchaser and their respective heirs, executors, administrators, personal and legal representatives, successors and permitted assigns. Notwithstanding anything contained in this Agreement
to the contrary, Purchaser shall be entitled to assign this Agreement, without Seller’s consent, one or more times, to (i) an affiliate of Purchaser, (ii) an entity in which SmartStop OP, L.P., a Delaware limited partnership,
SmartStop Self Storage REIT, Inc., a Maryland corporation, SS Growth Operating Partnership II, L.P., a Delaware limited partnership, Strategic Storage Growth Trust II, Inc., a Maryland corporation, and/or Strategic Storage Operating Partnership VI,
L.P., a Delaware limited partnership, has a direct or indirect ownership interest, (iii) a real estate investment trust of which Purchaser or an affiliate of Purchaser is the external advisor, (iv) a Delaware statutory trust of which
Purchaser or an affiliate of Purchaser is the signatory trustee, or (v) a partnership or joint venture in which the Purchaser, or any entity described in paragraphs (i) through (iv) above, has an interest; provided, however, that, until
the consummation of the Closing, no such assignment shall release or relieve Purchaser of any liability hereunder. Additionally, Seller shall be prohibited from assigning all or any portion of its rights under this Agreement, including its rights in
and to all or any portion of the Earnest Money. 
 9.9 Invalid Provision. If any provision of this Agreement is held to be illegal,
invalid or unenforceable under present or future laws, such provision shall be fully severable; this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this Agreement; and,
the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by such illegal, invalid, or unenforceable provision or by its severance from this Agreement. 

9.10 Attorneys’ Fees. In the event it becomes necessary for either party hereto to file suit to enforce this Agreement or any
provision contained herein, the substantially prevailing party in such suit shall be entitled to recover, in addition to all other remedies or damages, as provided herein, reasonable attorneys’ fees incurred in such suit. 

9.11 Multiple Counterparts. This Agreement may be executed in a number of identical counterparts which, taken together, shall
constitute collectively one agreement; and in making proof of this Agreement, it shall not be necessary to produce or account for more than one such counterpart with each party’s signature. Facsimile and/or electronic signature pages shall be
effective for purposes of this Section 9.11. Any signature (including any electronic symbol or process attached to, or associated with, a contract or other record and adopted by a person with the intent to sign,
authenticate or accept such contract or record) hereto, and any contract formation or record-keeping through electronic means shall have the same legal validity and enforceability as a manually executed signature or use of a paper-based
recordkeeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, or any similar state law based on the Uniform Electronic Transactions Act, and the parties
hereby waive any objection to the contrary. 
 9.12 Effective Date. For purposes of this Agreement, the “Effective
Date” shall mean the later of the dates that this Agreement has been executed by Seller and Purchaser, as indicated on the signature page hereof, unless this Agreement is executed by Seller and Purchaser on the same date, in which event
such same date shall constitute the Effective Date. 
 9.13 Exhibits. The following schedules and exhibits are attached to this
Agreement and incorporated herein by this reference and made a part hereof for all purposes: 
  

	 	(a)	 Schedule A, List of Due Diligence Documents 

	 	(b)	 Schedule B, Cellular Tower Leases 

 

	 	(c)	 Schedule C, Billboard Leases 

 

	 	(d)	 Schedule D, List of Environmental Reports 

 

	 	(e)	 Exhibit A, Legal description of the Land 

 

	 	(f)	 Exhibit B, Form of the Deed 

 

	 	(g)	 Exhibit C, Form of the Assignment 

 

	 	(h)	 Exhibit D, List of Personal Property 

 

	 	(i)	 Exhibit E, List of Contracts 

 

	 	(j)	 Exhibit F, Rent Roll 

 

	 	(k)	 Exhibit G, Digital Assets 

 

	 	(l)	 Exhibit H, Intentionally Omitted 

 

	 	(m)	 Exhibit I, Letter of Representation 

9.14 Tax-Deferred Exchange. Each party will, upon request by the other party, cooperate as
reasonably required to assist the other party in facilitating a tax-deferred exchange. Notwithstanding the foregoing, neither party will be required to undertake or incur any liabilities or obligations or
expend any sums of money in connection with a proposed tax-free exchange for the benefit of the other party. 

9.15 Confidentiality. Seller and Purchaser hereby covenant and agree that, at all times after the Effective Date and continuing after
the Closing, unless consented to in writing by the other party (which consent may be granted or withheld in the sole discretion of the party whose consent is being requested), no press release or other public disclosure concerning this transaction
shall be made by or on behalf of Seller or Purchaser which discloses the Purchase Price or any other economic terms of this transaction, and each party agrees to use best efforts to prevent disclosure of any such restricted information by any third
party. Notwithstanding the foregoing, (i) each party shall be entitled to make disclosures concerning this Agreement and materials provided hereunder to its lenders, attorneys, accountants, employees, agents and other service professionals as
may be reasonably necessary in furtherance of the transactions contemplated hereby, (ii) Purchaser shall be entitled to make disclosures concerning this transaction and materials provided hereunder to its potential debt and equity sources, and
(iii) each party shall be entitled to make such disclosures concerning this Agreement and materials provided hereunder as may be necessary to comply with (a) any court order, (b) the directive of any applicable governmental authority,
or (c) any applicable securities law, rule and/or regulation. Neither party shall be in violation of this provision for disclosing matters of public record. The provisions of this Section 9.15 shall survive Closing or
any termination of this Agreement. 
 9.16 Independent Consideration. Contemporaneously with the execution hereof, Purchaser shall
deliver to Seller the sum of One Hundred and no/100 Dollars ($100.00), representing independent consideration for the Approval Period and Purchaser’s right to terminate this Contract during the Approval Period. 

 9.17 As-Is. Notwithstanding anything to the
contrary contained in this Agreement, but subject to Seller’s representations and warranties set forth in this Agreement and in the documents to be executed by Seller at Closing, Purchaser shall acquire the Property from Seller at Closing in
its then “as-is, where is” condition, without any other representations or warranties from Seller, express or implied, including any warranty of merchantability, habitability or fitness for a
particular purpose. 
 9.18 Non-Competition. Seller shall deliver a non-compete agreement (the “Non-Compete Agreement”) to Purchaser at Closing in form and content satisfactory to Purchaser executed by Seller, Glenn R. Davis and
Patrick J. Reilly (collectively, the “Restricted Parties”). The Non-Compete Agreement shall provide that neither the Restricted Parties nor any of their respective principals, partners,
members, managers, directors, officers, shareholders and/or affiliates may directly or indirectly develop, own, lease, manage or operate a self storage facility for a period of three (3) years subsequent to the Closing within a three
(3) mile radius of the Property. 
 9.19 Cooperation with Purchaser’s Auditors and SEC Filing Requirements. From the
Effective Date through and including seventy five (75) days after the Closing Date, Seller shall provide to Purchaser (at Purchaser’s expense) copies of, or shall provide Purchaser access to, the books and records with respect to the
ownership, management, maintenance and operation of the Property and shall furnish Purchaser with such additional information concerning the same as Purchaser shall reasonably request and which is in the possession or control of Seller, or any
of its affiliates, agents, or accountants, to enable Purchaser or its assignee, to comply with the filing requirements of the Securities and Exchange Commission (“SEC”). At Purchaser’s sole cost and expense, Seller
shall allow Purchaser’s auditor (BDO USA, LLP or any successor auditor selected by Purchaser) to conduct an audit of the income statements of the Property for the calendar year prior to Closing (or to the date of Closing) and the two
(2) prior years, and shall cooperate (at no cost to Seller) with Purchaser’s auditor in the conduct of such audit. In addition, Seller agrees to provide to Purchaser’s auditor a letter of representation substantially in the form
attached hereto as Exhibit “I” (the “Representation Letter”), , and, if requested by such auditor, historical financial statements for the Property, including income and balance sheet data for the Property, whether
required before or after Closing. Without limiting the foregoing, (i) Purchaser or its auditor may audit Seller’s operating statements of the Property, at Purchaser’s expense, and Seller shall provide such documentation as Purchaser
or its auditor may reasonably request in order to complete such audit, (ii) Seller shall furnish to Purchaser such financial and other information as may be reasonably required by Purchaser to make any required filings with the SEC or other
governmental authority; provided, however, that the foregoing obligations of Seller shall be limited to providing such information or documentation as may be in the possession of, or reasonably obtainable by, Seller, or its agents and
accountants, at no cost to Seller, and in the format that Seller (or its affiliates, agents or accountants) have maintained such information, and (iii) Seller and Purchaser acknowledge and agree that the Representation Letter is not
intended to expand, extend, supplement or increase the representations and warranties made by Seller to Purchaser pursuant to the terms and provisions of this Agreement or expose Seller to any risk of liability to third parties. The provisions of
this Section 9.19 shall survive Closing. 
 9.20 Force Majeure. Notwithstanding anything contained herein
to the contrary, Purchaser shall not be in default under this Agreement and Seller shall not have a right to terminate this Agreement for delay in performing hereunder by Purchaser if such delay is caused by conditions beyond Purchaser’s
control, including, but not limited to, acts of God, government restriction, wars, insurrections and/or any other cause beyond the reasonable control of Purchaser (including mechanical, electronic, or communication failure), and any period for
Purchaser’s performance hereunder shall be extended by one day for each day of delay caused by events described above in this Section 9.20; provided that no such extension shall exceed thirty (30) days. 

 9.21 Joint and Several Liability. The parties comprising Seller shall be jointly and
severally liable for all covenants, representations and warranties of the “Seller” under this Agreement. 
 9.22
Environmental. In the event that Purchaser determines, prior to Closing that, as a result of events occurring following the Approval Period, (i) there are conditions on, at or relating to the Property which are in non-compliance with Environmental Requirements, or (ii) Hazardous Materials may exist on or under the Property that will require remediation under any applicable federal or state laws, then, notwithstanding
anything to the contrary contained herein, Purchaser may terminate this Agreement on or before the Closing Date upon written notice to Seller, in which event, the Earnest Money shall be immediately returned to Purchaser, without the consent or
joinder of Seller being required and notwithstanding any instructions to the contrary which might be provided by Seller, and thereafter neither party hereto shall have any further rights or obligations under this Agreement except for the Surviving
Obligations. 
 [Signature page to follow and remainder of page intentionally left blank] 

 Executed to be effective as of the Effective Date. 

 

			
	SELLER:
	
	Coyote Lakes Self-Storage LLC a Washington limited liability company
		
	By:	 	 /s/ Glenn R. Davis

	Name:	 	Glenn R. Davis
	Title:	 	Managing Member
		
	By:	 	 /s/ Patrick J. Reilly

	Name:	 	Patrick J. Reilly
	Title:	 	Member
	
	Date: July 2, 2021
	
	PURCHASER:
	
	 SST VI Acquisitions, LLC,
 a
Delaware limited liability company

		
	By:	 	 /s/ H. Michael Schwartz

	Name:	 	H. Michael Schwartz
	Title:	 	Chief Executive Officer and President
	
	Date: July 2, 2021

 The undersigned Escrow Agent hereby acknowledges receipt of (i) a fully executed copy of this
Agreement on the 7th day of July, 2021, and (ii) the One Hundred Seventy Five Thousand and no/100 Dollar ($175,000.00) earnest money deposit on the 7th day of July, 2021, and agrees to hold and dispose of the Earnest Money in accordance with
the provisions of this Agreement. Seller and Purchaser hereby designate the Escrow Agent as the “Real Estate Reporting Person” with respect to the transaction contemplated by this Agreement, for purposes of compliance with
Section 6045(e) of the Tax Reform Act of 1986, as amended, and the Escrow Agent, by its execution below, hereby accepts such designation. 
  

			
	ESCROW AGENT:
	
	 Republic Title of Texas, Inc.,
 a
Texas corporation

		
	By:	 	 /s/ Jeff Porter

	Name:	 	Jeff Porter
	Title:	 	Vice PresidentEX-10.22

 Exhibit 10.22 

PURCHASE AND SALE AGREEMENT 

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is hereby made and entered into as of the Effective Date (as
defined below) by and between HOME DEPOT HOLDINGS INC. (hereinafter referred to as the “Seller”), and SST II ACQUISITIONS, LLC (hereinafter referred to as the “Purchaser”). 

RECITALS 

A. Seller is the owner of that certain parcel of land containing approximately 11.27 acres located at 2911 Eglinton Road, in the City
of Toronto, as more particularly described on Exhibit A attached hereto and made a part hereof, together with all rights, easements and appurtenances pertaining thereto (collectively, the “Original HD Parcel”) and as
shown on the site plan attached hereto as Exhibit B and made a part hereof (“Exhibit B”). 
 B. The
Original HD Parcel is subject to certain covenants, conditions, easement and restrictions (collectively, “Existing Restrictions”) . 

C. Seller desires to sell and Purchaser desires to purchase, upon the terms and conditions hereinafter set forth, a
portion of the Original HD Parcel, which portion consists of approximately 1.20 acres as shown outlined by heavy bold black line on Exhibit B hereto, together with all improvements thereon, if any, and all rights, easements and appurtenances
pertaining thereto (the “Property”). The conveyance of the Property to Purchaser will be subject to the Permitted Encumbrances (as defined below). The Original HD Parcel, less and except the Property, is hereinafter sometimes
referred to as the “HD Property”. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of which are all 
 hereby acknowledged by each of the parties hereto, the
parties hereto agree as follows: 
 1. Purchase Price. Subject to the terms and conditions of this Agreement, Seller shall
sell and transfer the Property to Purchaser, and Purchaser shall purchase the Property from Seller and pay to Seller, by wire transfer, the sum of TWO MILLION ONE HUNDRED AND SIXTY THOUSAND AND NO/100 DOLLARS ($2,160,000.00) (hereinafter referred to
as the “Purchase Price”), subject to adjustment as provided herein. If the Acreage (as defined below) of the Property is different than 1.20 acres, the Purchase Price shall be adjusted, either up or down, to the sum calculated by
multiplying the Acreage by One Million Eight Hundred Thousand and Nil/100 Dollars ($1,800,000). For purposes of example only, if the Acreage is 1.25 acres, the Purchase Price would be Two Million Two Hundred and Fifty Thousand Dollars ($2,250,000)
(which is calculated by multiplying $1,800,000 by 1.25). “Acreage” means the total acreage of the Property (to three decimal places), as determined by the Survey (as defined below). The Survey and the Acreage set forth on the Survey
shall be approved by Seller and Purchaser as provided in Section 7(e) below). 

 2. Deposits. 

(a) Within three (3) business days after the Effective Date, Purchaser agrees to pay by wire transfer to Miller Thomson LLP
(“Seller’s Solicitors”), in trust, a deposit in the amount of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) (the “Initial Deposit”). 

(b) Provided Purchaser does not terminate this Agreement prior to the end of the Inspection Period (as defined below), Purchaser shall pay by
wire transfer to Seller’s Solicitors, in trust, prior to 5:00 p.m. on the last day of the Inspection Period, an additional deposit in the amount of ONE HUNDRED AND FIFTY THOUSAND AND NO/100 DOLLARS ($150,000.00) (the “Additional
Deposit”). The Initial Deposit and the Additional Deposit, together with any additional deposits made pursuant to this Agreement, are collectively referred to herein as the “Deposits”. 

(c) Except to the extent otherwise set forth herein, all Deposits shall be non-refundable and shall be
applied for Purchaser’s benefit against the Purchase Price at Closing (as defined below). All interest which has accrued on the Deposits shall, under all circumstances, belong to the party which is ultimately entitled to receive the Deposits.
Purchaser waives any statutory or common right to contest or challenge the enforceability of this Agreement based upon a lack of adequate consideration, the refundability or non-refundability of any Deposits
and/or the exercise of any discretion afforded to Seller under this Agreement. 
 (d) In performing its duties as Seller’s Solicitors
holding the Deposits as provided in this Agreement, Seller’s Solicitors shall not incur any liability to anyone for any damages, losses or expenses, except for gross negligence, willful default or breach of trust, and it shall accordingly not
incur any such liability with respect to (i) any action taken or omitted in good faith upon advice of its counsel, or (ii) any action taken or omitted in reliance upon any instrument, including written notice or instruction provided for in
this Agreement, not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and accuracy of any information contained therein, which Seller’s Solicitors shall in good faith believe to be
genuine, to have been signed or presented by a proper person or persons, and to conform with the provisions of this Agreement. In the event of a dispute between the parties hereto sufficient in the discretion of Seller’s Solicitors to justify
it doing so, Seller’s Solicitors shall be entitled to tender into the registry or custody of any court of competent jurisdiction, all Deposits held pursuant to this Agreement, together with such legal pleadings as it deems appropriate, and
thereupon be discharged from all further duties and liabilities under this Agreement. Any such legal action may be brought in such court as Seller’s Solicitors shall determine to have jurisdiction thereof. 

(e) Notwithstanding anything to the contrary contained in Section 18 below, in the event Purchaser fails to timely deposit the Deposits
as required in this Section 2, Seller shall have the right to terminate this Agreement immediately upon the occurrence of such breach hereunder by written notice to Purchaser. 

 3. Closing Costs. 

(a) At or prior to Closing, Seller shall pay the following costs, expenses and fees: (i) Seller’s legal fees, and (ii) any
commission payable to the Broker (as defined below), pursuant to Section 17 of this Agreement. 
 (b) At or prior to Closing, Purchaser
shall pay the following costs, expenses and fees: (i) all costs related to the necessary approvals, permits and filings as needed to create a separate legal parcel for the Property and to grant the easements created in the RCEA, including any
required severance(s), subdivision or consents required pursuant to the provisions of the Planning Act (Ontario) governing the subdivision of lands (collectively, “Subdivision Approvals”); (ii) all costs of Purchaser’s due
diligence review of the Property, including, without limitation, physical inspections, preparation of appraisals, feasibility studies, environmental, engineering or geotechnical reports or studies, preparation and review of any boundary or as-built surveys, including, without limitation, the Survey (as defined below); (iii) the cost of obtaining all Approvals (as defined below); (iv) the cost of obtaining all Third Party Approvals (as defined below);
(v) Purchaser’s legal fees; (vi) all land transfer taxes and similar taxes payable; (vii) all registration fees on registrable documents; (viii) if applicable, all title insurance fees and premiums, including, without limitation,
any costs, fees and premiums related to the issuance of a title insurance commitment and any owner’s title insurance policy obtained by Purchaser at Closing, including, any endorsements thereto, and all search and examination fees; and
(ix) the reasonable fees and expenses of any consultants retained by Seller to review the submittals made by Purchaser pursuant to this Agreement (including, without limitation, the Survey, Site Plan and Elevations and Plans) in an amount not
to exceed Twelve Thousand Dollars ($12,000.00) plus HST (the “Review Fee”); (x) the sum of Fifty Thousand and No/100 Dollars $50,000 plus HST to Seller, as Purchaser’s one-time
contribution to Seller’s future costs of maintaining, repairing and replacing the access drives on the HD Property (which obligations of the Seller shall be confirmed in the RCEA (as defined below); and any commissions, fees or compensation due
and payable to any broker that Purchaser retained in connection with this transaction. Purchaser shall pay Seller the Review Fee at Closing or upon an earlier termination of this Agreement (save and except where such termination arises as a result
of a breach or non-performance by the Seller of any of its obligations pursuant to this Agreement, in which case such Review Fee shall not be payable by the Purchaser), upon delivery by the Seller to the
Purchaser of written evidence, satisfactory to the Purchaser, acting reasonably, of the payment by the Seller of such fees and expenses; it being specifically acknowledged and agreed that upon a termination of this Agreement prior to Closing such
Review Fee shall first be deducted from any refundable Deposits that would otherwise be payable to Purchaser and the balance, if any, shall be paid to Seller by Purchaser within five (5) business days after the termination of this Agreement.

 (c) All other costs and fees shall be paid by the party incurring such costs and fees. 

4. Adjustments. 
 (a) All
real property taxes, personal property taxes, local improvement rates and special taxes and assessments shall be prorated (employing a 365-day year) between Purchaser and Seller on a per diem basis as of the
Closing Date (as defined below) based upon the current property assessment. If such assessment is not available for the year in question, such taxes and assessments shall be prorated at Closing based on one hundred five percent (105%) of the
previous year’s tax bill and re-prorated when the amount thereof can be ascertained. 

 (b) All expenses, including without limitation, utility fees and deposits and all
maintenance charges and other payments or obligations under the Existing Restrictions, any existing reciprocal easement agreements and/or similar agreements with respect to the Property shall be allocated between Seller and Purchaser as of the
Closing Date. Seller shall be responsible for all expenses for the period of time up to but not including the Closing Date, and Purchaser shall be responsible for all expenses for the period of time from, after, and including the Closing Date. If
accurate allocations cannot be made at Closing because current bills are not then available (for example, as in the case of utility bills), the parties shall allocate such expenses at Closing on the best available information, subject to adjustment
upon receipt of the final bill or other evidence of the applicable income or expense. 
 (c) All
pro-rations and allocations made pursuant to this Section 4, where specific and separate pro-rations and/or allocations are not available, shall be determined by
allocating the tax, assessment or other expense on a per acre basis. 
 (d) If any errors or omissions are made regarding adjustments and pro-rations pursuant to this Section 4, the parties shall make the appropriate corrections promptly upon the discovery thereof. If any estimates are made at the Closing regarding adjustments or pro-rations, the parties shall make the appropriate correction promptly when accurate information becomes available. Any corrected adjustment or proration shall be paid in cash to the party entitled thereto within
thirty (30) days following written request therefor. 
 (e) Purchaser shall be credited towards the Purchase Price with the amount, if
any, necessary for Purchaser to pay to the Minister of National Revenue to satisfy the Purchaser’s liability in respect of tax payable by Seller under the non-residency provisions of the Income Tax
Act (Canada) by reason of this sale. Purchaser shall not claim such credit if Seller delivers on Closing a certificate of the Seller confirming that Seller is not then non-resident of Canada. 

(f) Purchaser acknowledges that in the event any HST is exigible in connection with the transaction contemplated herein, such HST shall be in
addition to the Purchase Price. Purchaser hereby represents and warrants that Purchaser will at the Closing be validly registered as a registrant under Subdivision d of Division V of Part IX of the Excise Tax Act, as amended, for the purposes
of the goods and services tax and/or harmonized sales tax (“HST”). 
 (g) Purchaser and Seller acknowledge and agree that
Purchaser shall not be required to pay, or Seller to collect and remit, any HST exigible in connection with this transaction provided that Purchaser, on Closing, provides to Seller an undertaking and indemnity of Purchaser: (i) certifying that
Purchaser is a registrant for HST and Purchaser’s registration number as at Closing; (ii) certifying that the Property transferred pursuant to this Agreement is being purchased by Purchaser as principal for its own account and is not being
purchased by Purchaser as an agent, trustee or otherwise on behalf of or for another person and does not 

 
constitute a supply of a residential complex made to an individual for the purposes of Section 221(2)(b) of the Excise Tax Act; (iii) undertaking to remit when due any exigible
HST; and (iv) agreeing to indemnify and save harmless Seller and its shareholders, directors, officers, employees, advisors and agents from all claims, actions, causes of action, proceedings, losses, damages, costs, liabilities and expenses
incurred, suffered or sustained as a result of a failure by Purchaser: (a) to pay any federal, provincial or other taxes payable by Purchaser in connection with the conveyance or transfer of the Property whether arising from a reassessment or
otherwise, including provincial retail sales tax and HST, if applicable; and (b) to file any returns, certificates, filings, elections, notices or other documents required to be filed by Purchaser with any federal, provincial or other taxing
authorities in connection with the conveyance or transfer of the Property. 
 (h) The provisions of this Section 4 shall survive the
Closing and the delivery of the Deed (as defined below). 
 5. Closing. The consummation of the purchase and sale of the
Property (the “Closing”) shall occur on or before the thirtieth (30th) day following the later to occur of the expiration or earlier waiver of
(i) the Inspection Period, or (ii) the Approval Period (as defined below) (the “Closing Date”), at the offices of the Seller’s Solicitors; provided, however, if the
Closing Date would otherwise occur within the last two (2) weeks of one of Seller’s fiscal quarters, then, at Seller’s election, the Closing Date shall be extended to the third
(3rd) business day following the expiration of such two (2) week period. Seller agrees to deliver possession of the Property to Purchaser at Closing, subject to the Permitted Encumbrances. At
Closing, all of the terms and conditions of this Agreement shall be deemed to have been satisfied and merged into the Deed and shall not survive the Closing, except as specifically set forth in this Agreement. 

6. Inspections Prior to Closing. 

(a) PURCHASER ACKNOWLEDGES THAT THE PROPERTY IS BEING SOLD “AS IS, WHERE IS” AND “WITH ALL FAULTS” WITHOUT ANY OBLIGATION
OF SELLER TO PERFORM ANY REPAIRS, IMPROVEMENTS, MAINTENANCE OR OTHER WORK TO THE ORIGINAL HD PARCEL (INCLUDING THE PROPERTY) OR ANY PART THEREOF, AND WITHOUT, EXCEPT AS EXPRESSLY SET FORTH HEREIN TO THE CONTRARY, ANY WARRANTIES, EXPRESS OR IMPLIED,
OF ANY KIND FROM SELLER, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF FITNESS, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, HABITABILITY, TENANTABILITY OR ENVIRONMENTAL CONDITION. SELLER EXPRESSLY DISCLAIMS ANY REPRESENTATIONS AND WARRANTIES
WITH RESPECT TO THE ORIGINAL HD PARCEL (INCLUDING THE PROPERTY), EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT, INCLUDING ANY REPRESENTATIONS BY ANY BROKERS OR SALESMEN, AND PURCHASER DOES HEREBY ACKNOWLEDGE THAT, IN PURCHASING THE PROPERTY,
PURCHASER IS RELYING ONLY UPON THOSE REPRESENTATIONS OF SELLER CONCERNING THE ORIGINAL HD PARCEL (INCLUDING THE PROPERTY) EXPRESSLY SET FORTH AS SUCH IN THIS AGREEMENT. FURTHER, IN THE EVENT PURCHASER PURCHASES THE PROPERTY,

 
PURCHASER HEREBY WAIVES ANY CLAIM IT MAY HAVE AGAINST SELLER AS TO MATTERS RELATED TO THE ORIGINAL HD PARCEL (INCLUDING THE PROPERTY) OR ANY PORTION THEREOF, OTHER THAN AS MAY ARISE IN RESPECT OF
THE SELLER’S OBLIGATIONS PURSUANT TO THE RCEA (AS DEFINED BELOW). UPON CLOSING, PURCHASER SHALL ASSUME THE RISK THAT ADVERSE MATTERS, INCLUDING BUT NOT LIMITED TO, ADVERSE PHYSICAL AND ENVIRONMENTAL CONDITIONS, INCLUDING, WITHOUT LIMITATION,
THE PRESENCE OF HAZARDOUS SUBSTANCES OR OTHER CONTAMINANTS, MAY NOT HAVE BEEN REVEALED BY PURCHASER’S INVESTIGATIONS, AND PURCHASER, UPON CLOSING, SHALL BE DEEMED TO HAVE WAIVED, RELINQUISHED AND RELEASED SELLER (AND ITS OFFICERS, DIRECTORS,
SHAREHOLDERS, EMPLOYEES AND AGENTS) FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, CAUSES OF ACTION (INCLUDING CAUSES OF ACTION IN TORT), LOSSES, DAMAGES, LIABILITIES, COSTS AND EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES) OF ANY AND EVERY
KIND OR CHARACTER, KNOWN OR UNKNOWN, WHICH PURCHASER MIGHT HAVE ASSERTED OR ALLEGED AGAINST SELLER (AND ANY OF ITS OFFICERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES AND AGENTS) AT ANY TIME BY REASON OF OR ARISING OUT OF ANY LATENT OR PATENT PHYSICAL
CONDITIONS, VIOLATIONS OF ANY APPLICABLE LAWS, INCLUDING, WITHOUT LIMITATION, ANY APPLICABLE “HAZARDOUS SUBSTANCES LAWS” (AS DEFINED BELOW) AND ANY AND ALL OTHER ACTS, OMISSIONS, EVENTS, CIRCUMSTANCES OR MATTERS REGARDING THE PROPERTY,
EXCEPT ANY SUCH CLAIM, DEMAND, CAUSE OF ACTION, LOSS, DAMAGE, LIABILITY, COST OR EXPENSE ARISING OUT OF ANY BREACH BY SELLER OF ANY REPRESENTATION OR WARRANTY EXPRESSLY SET FORTH IN THIS AGREEMENT OR IN THE DOCUMENTS EXECUTED AT CLOSING PURSUANT TO
SECTION 11 HEREOF. 
 For purposes of this Agreement, “”Hazardous Substances” means any contaminant, pollutant,
dangerous substance, noxious substance, toxic substance, hazardous waste, flammable or explosive material, radioactive material, polychlorinated bi-phenyls, polychlorinated
bi-phenyl waste, polychlorinated bi-phenyl related waste and any other substance or material now declared or defined to be regulated or controlled in or pursuant to
Hazardous Substances Laws, or any substance which is toxic, explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic or otherwise hazardous, or any substance which contains gasoline, diesel fuel or other petroleum
hydrocarbons, polychlorinated biphenyls, radon gas, urea formaldehyde, asbestos, lead or electromagnetic waves. Without limitation of the other provisions of this Section 6, Purchaser acknowledges to and agrees with Seller that Seller has not,
does not and will not make any representation or warranty with regard to compliance with any environmental protection, pollution or land use laws, rules, regulations, orders or requirements, including, but not limited to, those pertaining to the
handling, generating, treating, storing or disposing of any Hazardous Substances. Without limiting the foregoing, Seller does not make and has not made and specifically disclaims any representation or warranty regarding the presence or absence of
any Hazardous Substances at, on, under or about the Property or the compliance or non-compliance of the Property with laws including written policies and guidelines and directives, administrative rulings or
interpretations, that are in effect and applicable to Seller on Closing, as well as the common law and any judicial or administrative 

 
order, consent decree or judgment that is in effect and applicable to Seller on Closing, that relates to pollution or the protection of the environment, including, without limitation, the
Atomic Energy Control Act (Canada), the Canadian Environmental Protection Act (Canada), the Pest Control Products Act (Canada), the Transportation of Dangerous Goods Act (Canada) and the Environmental Protection Act
(Ontario) and the regulations and guidelines promulgated pursuant thereto or issued by any governmental authority in respect thereof, and equivalent or similar local and provincial ordinances and statutory programs and the regulations and
guidelines promulgated pursuant thereto. (collectively, the “Hazardous Substances Laws”). 
 (b) Subject to the terms and
conditions hereof and to any rights or restrictions under any of the Existing Restrictions or other Permitted Encumbrances, Purchaser, its employees, agents, contractors, consultants and representatives, and any party claiming by, through or under
any of them (collectively, the “Purchaser Group”), shall at all times before the Closing (but upon forty-eight (48) hours’ prior written notice to Seller, which may be given electronically to
KIMBERLEY_C_KOENIG@homedepot.com and pkatz@millerthomson.com or such other parties as Seller may designate from time to time) have the privilege, opportunity and right of entering upon the Property in order to conduct such examinations, tests,
studies and investigations of the Property, including, but not limited to, the physical and environmental conditions thereof, as Purchaser deems reasonably necessary or desirable to satisfy itself as to the condition of the Property, and Purchaser
will rely solely upon same and not upon any information (including, without limitation, environmental studies or reports of any kind or Seller Information (as defined below) provided by or on behalf of Seller or its agents, consultants or employees
with respect thereto; provided, however, that (i) any access shall be coordinated with Seller as to mutually acceptable times, and (ii) Purchaser and all other members of the Purchaser Group shall exercise due care with respect to the
Property in connection with any entry onto the Property and the performance of any of Purchaser’s investigations so as to avoid damaging any portion of the Original HD Parcel (including the Property) and so as to avoid disrupting or interfering
with the use, operation or maintenance thereof by Seller, including, without limitation, any construction activities or business operations thereon. At Seller’s election, a representative of Seller may be present during any entry by Purchaser
or any other member of the Purchaser Group upon the Property. Neither Purchaser nor any other member of the Purchaser Group shall cause or permit any construction liens or other liens to be filed against the Original HD Parcel (or any portion
thereof) as a result of its activities at the Property, and if any such liens are filed, Purchaser shall cause same to be dismissed, by payment, bonding or otherwise, not later than thirty (30) days following the filing thereof. Purchaser
hereby indemnifies, protects, defends (with counsel satisfactory to Seller) and holds Seller and its officers, directors, shareholders, employees and agents harmless from and against any and all damage to persons or property or any other claims,
demands, losses, damages, liabilities, fines, penalties, liens, costs and expenses (including, without limitation, reasonable attorneys’ fees and litigation expenses) that Seller may suffer or incur directly or indirectly and which arise as a
result of or in connection with Purchaser’s exercise of its rights pursuant to this Section 6, including any act or omission by Purchaser or any other member of the Purchaser Group. 

 (c) Purchaser shall not conduct any Invasive Testing (as defined below) on the Property
without Seller’s prior written consent and without having submitted to Seller a scope of the proposed Invasive Testing and a site plan reflecting the location thereof. For purposes of this Agreement, the term “Invasive Testing”
shall include, without limitation, soil tests, environmental tests or other investigations or testing that involves drilling, digging or sampling any portion of the Property, including the soil, groundwater, improvements or building materials.
Without limiting the foregoing, Purchaser and each member of the Purchaser Group shall be prohibited from taking any action that disturbs or otherwise penetrates the surface of the Property (including any paving located on the Property) or any
improvements located thereon without Seller’s prior written consent, which consent may be granted or withheld in Seller’s sole and absolute discretion. 

(d) Purchaser covenants and agrees with Seller not to disclose to any third party (other than to Purchaser’s lenders, accountants,
attorneys and other professionals and consultants in connection with the transaction contemplated herein provided that such parties are advised of and agree to be bound by the confidentiality provisions of this Agreement) without Seller’s prior
written consent, unless Purchaser is obligated by law to make such disclosure or unless such information is already a matter of public record, any of the reports or any other documentation or information obtained by Purchaser which relates to the
Original HD Parcel or any portion thereof (including the Property), including, without limitation, any Seller Information received by Purchaser (collectively, “Confidential Information”), all of which shall be used by Purchaser and
its lenders, accountants, attorneys and other professionals and consultants solely in connection with the transaction contemplated hereby. In the event that this Agreement is terminated prior to Closing, Purchaser agrees that all the Confidential
Information will continue to be held by Purchaser and its lenders, attorneys and other professionals and consultants in strict confidence. If Purchaser believes such disclosure is required to be made, Purchaser will so inform Seller and provide
Seller (upon request) a copy of the Confidential Information to be disclosed; Seller, at its sole and absolute discretion, shall have the option (but not the obligation), at its sole cost and expense, to attempt to obtain a protective order or to
otherwise prevent such disclosure, and Purchaser shall take no action to prevent or interfere, and shall cooperate with any efforts Seller may elect to undertake to intervene in any proceedings or to otherwise prevent disclosure, provided that, such
cooperation shall not require the expenditure of any funds by the Purchaser. If any disclosure is required, Seller shall have the option (but not the obligation) to make such disclosure. 

(e) In the event the Property is disturbed or altered in any way as a result of the activities of Purchaser or any other member of the
Purchaser Group (including, without limitation, in connection with any Invasive Testing approved by Seller pursuant to the provisions hereof), Purchaser shall promptly restore the Property to its condition existing prior to the commencement of such
activities which disturb or alter the Property. Prior to any entry upon the Property by Purchaser or any other member of the Purchaser Group, Purchaser shall deliver to Seller an original endorsement to Purchaser’s commercial general liability
insurance policy that evidences that Purchaser is carrying a commercial general liability insurance policy with a financially responsible insurance company acceptable to Seller, covering both (i) the activities of Purchaser and the Purchaser
Group on or about the Property, and (ii) Purchaser’s indemnity obligation set forth in Section 6(b) above. Such endorsement shall evidence that such insurance policy shall have a per occurrence limit of at least $2,000,000 and an
aggregate limit of at least $5,000,000, shall name Seller as an additional insured, and shall be primary and noncontributing with any other insurance available to Seller. Upon Seller’s request, Purchaser shall deliver to

 
Seller a copy of the certificate of insurance effectuating the insurance required hereunder prior to the commencement of such activities, which certificate shall provide that such insurance shall
not be terminated or modified without at least ten (10) days’ prior written notice to Seller (to the extent commercially available). 

(f) Seller shall execute and deliver to Purchaser, within five (5) business days following a written request by Purchaser, authorizations
prepared by Purchaser’s Solicitors to governmental authorities necessary to permit Purchaser to obtain information from the files of such governmental authorities relating to the Property, provided said authorizations shall explicitly not
authorize any inspections with respect to the Property (and Purchaser covenants and agrees with Seller that it will not request, directly or indirectly, any such inspection) and shall otherwise be in form and substance satisfactory to Seller’s
Solicitors. Seller hereby grants to Purchaser the right to obtain any and all existing plans, drawings, surveys and other due diligence information from Seller’s original development consultants at Purchaser’s cost (the materials
provided by Seller and/or its development consultants are hereinafter collectively referred to as the “Seller Information”). Purchaser acknowledges that Seller does not make any representation or warranty of any nature whatsoever
regarding the truth, accuracy, validity, completeness, usefulness, suitability or any other aspect of any Seller Information provided to Purchaser, whether prior to or after the Effective Date, and Seller expressly disclaims any such representation
and warranty. Purchaser further acknowledges that the Seller Information is specific to Seller’s use and development of the Original HD Parcel and may not be consistent with the interests of Purchaser in the Property. Purchaser relies on any
Seller Information at Purchaser’s sole risk and Purchaser hereby agrees to release Seller, The Home Depot, Inc. and all of its direct and indirect subsidiaries, any environmental, development or other consultants, any legal counsel to Seller
and any other third parties providing, opining or summarizing such information at the request of Seller from any liability that Purchaser may incur as a result of its reliance on the Seller Information. Purchaser hereby agrees that it shall not
permit the further dissemination of any Seller Information, and in the event this Agreement is terminated prior to Closing, Purchaser shall deliver all Seller Information promptly to Seller. 

(g) Prior to Closing, Purchaser shall not: (i) register any document against any portion of the Property; (ii) execute any agreement
to sell, lease, assign, license, option, mortgage, hypothecate or in any other way encumber or further restrict the Property; (iii) modify any Permitted Encumbrances; or (iv) take any action or permit any action to be taken related to
obtaining any economic development incentive for Purchaser’s intended development (whether in the form of grants, tax credits, exemptions, tax increment financing, sales tax rebates or otherwise), that in any event or in any manner will:
(1) be effective prior to Closing (unless such agreement or encumbrance is made expressly subject to and conditioned upon Purchaser’s acquisition of fee simple title to the Property, but in no event may any such document violate clause
(i) above in this Section 6(g); or (2) in any way impose upon or subject Seller to any cost, liability, tax assessment, expense, obligation or restriction, unless and until Purchaser has obtained Seller’s prior written approval
thereof, which approval may be granted or withheld in Seller’s sole and absolute discretion. Any such agreement executed or action taken without Seller’s prior written approval shall be null and void, and Purchaser hereby agrees to
indemnify, protect, defend (with counsel satisfactory to Seller) and hold Seller and the Property harmless from and against any and all actions, claims, demands, liabilities, losses, damages, taxes, assessments, liens, penalties, fines, interest,
costs and expenses (including, without limitation, reasonable legal fees and court costs at any level) paid, suffered or incurred by Seller arising out of or in any way connected with any breach of the foregoing covenants. 

 (h) The provisions of this Section 6 shall survive Closing or any earlier termination
of this Agreement, regardless of the reason for such termination. 
 7. Conditions Precedent. 

(a) Inspection Period. It is agreed that Purchaser’s obligations hereunder are conditioned upon Purchaser being satisfied, at
Purchaser’s sole cost and expense, prior to the expiry of the period commencing on the Effective Date and expiring sixty (60) days following the later of: (i) the Effective Date, and (ii) the lifting of the Ontario provincial and
applicable municipal (within the jurisdiction where the Property is located) legislated declarations of emergency and related emergency orders imposed in respect of the COVID-19 pandemic (the
“Inspection Period”), with the condition of the Property for the construction, development and operation of Purchaser’s intended improvements. Should Purchaser fail to be satisfied with the condition of the Property, Purchaser
may elect, by delivery of written notice to Seller on or before the expiration of the Initial Inspection Period, to terminate this Agreement, whereupon the Initial Deposit shall be refunded to Purchaser (after deducting the Review Fee) and this
Agreement shall be null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein. If Purchaser elects to terminate this Agreement
pursuant to this Section 7(a), Purchaser shall immediately deliver to Seller all Confidential Information (such obligation to survive the termination of this Agreement). If Purchaser does not terminate this Agreement pursuant to this
Section 7(a) prior to the expiration of the Inspection Period, Purchaser shall be deemed satisfied with the condition of the Property and the Initial Deposit shall be non-refundable to Purchaser except
upon a termination of this Agreement due to a default by Seller or as otherwise specifically provided herein. 
 Notwithstanding the
foregoing paragraph (a) above, in the event the Ontario provincial and relevant municipal legislated declarations of emergency and related emergency orders imposed in respect of the COVID-19 pandemic have
not been lifted on or before March 8, 2021, unless each of Seller and Purchaser agree otherwise in writing, this Agreement shall automatically terminate, whereupon the Initial Deposit shall be refunded to Purchaser (without deducting any
Review Fee) and this Agreement shall be null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein. 

Notwithstanding anything herein to the contrary, until the Ontario provincial and relevant municipal legislated declarations of emergency and related
emergency orders imposed in respect of the COVID-19 pandemic have been lifted, Seller and Seller’s Solicitors shall have no obligation to review or approve any plans, surveys, applications or any other
documents or submissions whatsoever or respond to any Title Objection Notice (hereinafter defined), and the periods provided herein for any such reviews, approvals, responses or related notifications by Seller shall not commence. 

 (b) Title. Purchaser shall have until the expiry of the Inspection Period (the
“Title Review Period”) to examine the title to and Survey of the Property and satisfy itself that the title to the Property is good and free from all registered restrictions, charges, liens, and encumbrances except as otherwise
specifically provided in this Agreement and subject to the Permitted Encumbrances, and to give written notice to Seller (the “Title Objection Notice”) of any objectionable matter or defect which affects the marketability or
insurability of the title to the Property (the “Title Objections”). If Purchaser fails to deliver the Title Objection Notice prior to the expiration of the Title Review Period, Purchaser shall be deemed to have waived its right to
make Title Objections. If Purchaser does give Seller timely notice of any Title Objections, Seller agrees to notify Purchaser within ten (10) days following Seller’s receipt of the Title Objection Notice as to whether Seller will attempt
to cure such Title Objections by the Closing Date (it being specifically acknowledged and understood that Seller shall have no obligation whatsoever to cure, remedy or otherwise cause any Title Objections to be removed or insured over). If Seller
fails to notify Purchaser within said ten (10) day period or Seller notifies Purchaser within said ten (10) day period that Seller does not intend to attempt to cure any or all of the Title Objections by the Closing Date, then Purchaser
may as its sole and exclusive remedy either (i) waive its Title Objections and take title to the Property subject thereto pursuant to the remaining terms of this Agreement, or (ii) terminate this Agreement by giving written notice to
Seller prior to the expiration of such ten (10) day period following receipt by the Seller of such Title Objection Notice. Further, if Seller notifies Purchaser that Seller intends to attempt to cure the Title Objections by the Closing Date but
Seller fails to cure such Title Objections by such date, then Purchaser shall be entitled to exercise its option under subsection 7(b)(i) or (ii) above, provided that the option under subsection 7(b)(ii) above shall be exercised prior to the
Closing Date. Upon any termination of this Agreement pursuant to this Section 7(b), all Deposits shall be refunded to Purchaser (after deducting the Review Fee), Purchaser shall deliver the Confidential Information to Seller, and this Agreement
shall be null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein. 

(c) Approval Period. Purchaser shall obtain all necessary or required Subdivision Approvals for the Property and all permits from
governmental authorities having jurisdiction, including, but not limited to, all planning and zoning permits, variances and other regulatory approvals for Purchaser’s development and use of the Property (the “Approvals”),
during the Approval Period. The “Approval Period” shall consist of the Initial Approval Period and, if applicable, the Extended Approval Period (each as defined herein). The “Initial Approval Period” shall be the
period commencing on the first day after the expiration of the Inspection Period, and ending on the date that is five hundred and forty (540) days after the expiration of the Inspection Period. In pursuing the Approvals, in no event shall
Purchaser cause (by requesting a parking variance or otherwise) the number of parking spaces on the HD Property to be less than the sum of (A) the minimum number of parking spaces on the HD Property under applicable governmental rules,
regulations and ordinances (without variance), plus (B) twenty-five (25) parking spaces. Notwithstanding the foregoing, prior to making any submittals to any governmental authorities, Purchaser shall deliver to Seller a copy of the
proposed submittal and any other documents required by Seller for Seller’s review and prior written approval, as more particularly provided in Section 8 below. 

 Purchaser shall pursue the Approvals in good faith and with all due diligence. To that end,
subject to the provisions of Section 8 below, Purchaser shall make all necessary applications and submittals to all applicable governmental authorities in sufficient time to obtain all Approvals within the Initial Approval Period. At the
expiration of the Initial Approval Period, regardless of any extensions that may be exercised or granted hereunder, the Deposits shall be nonrefundable to Purchaser, except upon a termination of this Agreement due to a default by Seller or as
otherwise specifically provided herein. In the event Purchaser has made diligent efforts but is unable to obtain the Approvals prior to the end of the Initial Approval Period, Purchaser shall have the right, at Purchaser’s election, to extend
the Initial Approval Period (the “Extended Approval Period”) for three (3) successive periods of thirty (30) days each (each, an “Extension Option”). If Purchaser elects to exercise an Extension Option as
provided herein, Purchaser shall notify Seller of such election in writing prior to the end of the Initial Approval Period or the then current Extended Approval Period, as the case may be, and shall in each instance simultaneously deliver to
Seller’s Solicitors, as an additional deposit, the sum of ten thousand dollars ($10,000.00) (collectively, the “Extension Deposits”, and each individually, an “Extension Deposit”). The Extension Deposits shall
be credited against the Purchase Price, if Closing occurs, but upon deposit shall be nonrefundable to Purchaser, unless this Agreement is terminated due to a default by Seller and may be released to Seller at any time upon Seller’s request.
Further, from and after the expiration of the Initial Approval Period, the Deposits may be released to Seller at any time, upon Seller’s written request to Seller’s Solicitors. If Purchaser is unable to obtain the Approvals prior to the
end of the Approval Period, Purchaser shall either (i) terminate this Agreement by giving written notice to Seller on or before the end of the Approval Period, whereupon (x) if such termination occurs prior to the expiration of the Initial
Approval Period, the Initial Deposit shall be paid to Seller and the Additional Deposit shall be refunded to Purchaser (after deducting the Review Fee), or (y) if such termination occurs after the expiration of the Initial Approval Period, all
Deposits, including any Extension Deposit, shall be paid to or retained by Seller, as the case may be, and Purchaser shall pay Seller the Review Fee, or (ii) unless Purchaser has failed to obtain the Subdivision Approvals or any necessary HD
Property Approvals as provided in Section 8(d) below (in which case the provisions of such Section 8(d) shall apply in respect of the termination of this Agreement), consummate the purchase of the Property as set forth herein. Upon a
termination of this Agreement pursuant to this Section 7(c), Purchaser shall deliver to Seller the Confidential Information and this Agreement shall be null and void and of no further force or effect with Purchaser and Seller having no further
rights, obligations or liabilities hereunder except as otherwise set forth herein. 
 (d) Restrictive Covenants and Easement
Agreement. At Closing, Seller and Purchaser shall enter into a Restrictive Covenants and Easement Agreement (the “RCEA”). The RCEA shall be in form acceptable to Seller, in Seller’s sole and absolute
discretion; provided, however, that if Seller and Purchaser fail to agree on (i) the form of the RCEA, excluding the Remaining RCEA Approval Items (as defined below), on or before the expiration of the Inspection Period, or (ii) the
Remaining RCEA Approval Items on or before the expiration of the Approval Period, then either party shall have the right to terminate this Agreement by giving written notice to the other party hereto, whereupon (x) if such termination occurs
prior to the expiration of the Inspection Period for failure to agree upon the form of the RCEA, the Initial Deposit shall be refunded by Seller’s Solicitors to Purchaser (after deducting the Review Fee), or

 
(y) if such termination occurs during the Approval Period for failure to agree upon the Remaining RCEA Approval Items, then (1) if such termination occurs prior to the expiration of the
Initial Approval Period, the Initial Deposit shall be paid to Seller and the Additional Deposit shall be refunded to Purchaser (after deducting the Review Fee), or (2) if such termination occurs after the expiration of the Initial Approval
Period, all Deposits, including any Extension Deposit, shall be paid to or retained by Seller, as the case may be, and Purchaser shall pay Seller the Review Fee. Upon a termination of this Agreement pursuant to this Section 7(d), Purchaser
shall deliver the Confidential Information to Seller and this Agreement shall be deemed null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set
forth herein. As used herein, “Remaining RCEA Approval Items” shall mean, collectively, the description and depiction of any site specific utility easements based upon the Plans (as defined below) and the final RCEA exhibits. 

The RCEA shall provide, inter alia, that Seller shall be responsible, at its sole cost and expense, for the maintenance, repair and/or
replacement of the access drives on the HD Property; and Purchaser shall be responsible, at its sole cost and expense, for the maintenance, repair and/or replacement of the access drives on the Property. 

The RCEA shall include, among other things, the following restrictions and other matters, which will run with the title to the Property and be
binding upon the owner and all tenants and occupants of the Property (collectively, the “Restrictions”): 
 (i) No more
than one (1) building or other structure (excluding a dumpster enclosure) shall be located on the Property at any time. No building or other structure shall exceed five (5) storeys and sixty five (65) feet in height (from the
building’s approved finished floor elevation, inclusive of parapet walls and other projections), or contain more than one hundred and forty thousand (140,000) square feet in the aggregate. 

(ii) No more than one (1) business shall be permitted to operate on the Property at any time. Subject to Section 6(a), the
Seller confirms and acknowledges that the Property shall initially be used for the operation of a self-storage facility, it being acknowledged by the Purchaser that Seller makes no representation whether or not the use of the Property as a
self-storage facility is permitted under applicable laws. 
 (iii) Any building or structure on the Property shall, where reasonably
possible, orient its main entrance away from the parking areas located on the HD Property. 
 (iv) No building or other structure shall be
permitted within the Property if such building or other structure would reduce the number of parking spaces within the Property to fewer than (i) fifteen (15) parking spaces for every 1,000 square feet of improvements (including outdoor dining
and seating areas), or the number of parking spaces required under applicable governmental rules, regulations and ordinances without variance, whichever is greater, with respect to any restaurant use, and (ii) five (5) parking spaces for every
1,000 square feet of improvements located on the Property, or the number of parking spaces required under applicable governmental rules, regulations and ordinances without variance, whichever is greater, for any other use. If a business on the
Property contains a drive-up or 

 
drive-thru unit (such as a remote banking teller or a permissible restaurant), then there shall also be created space for stacking not less than ten (10) automobiles (exclusive of any drive
aisle) for each drive-up or drive-thru unit. Notwithstanding the foregoing, for so long as the Property is used solely for a self-storage facility, the number of parking spaces required on the Property in
order to satisfy this paragraph (iv) is the greater of (A) ten (10) parking spaces, (B) the number of parking spaces required under applicable governmental rules, regulations and ordinances without variance, and (c) the number of
parking spaces required under the terms of the Existing Restrictions. 
 (v) No portion of the Property shall be used for a business or use
which creates strong, unusual or offensive odors, fumes, dust or vapors; is a public or private nuisance; emits noise or sounds which are objectionable due to intermittence, beat, frequency, shrillness or loudness; or creates unusual fire, explosive
or other hazards. 
 (vi) No portion of the Property may be leased, used or occupied as or for: a
non-retail use; flea market or a business selling so called “second hand” goods (the term “second-hand” shall mean stores which sell goods primarily as a service to the public rather than
to a retail customer for a profit); skating rink, bowling alley, billiard parlor, game room, video or amusement arcade or other place of amusement or recreation; any restaurant deriving more than twenty percent (20%) of its annual gross sales from
the sale of alcohol; bar or tavern (a bar or tavern being defined for purposes of this Agreement as an establishment offering the sale of alcoholic beverages for consumption on the premises where such sales are not incidental to the sale of food for
on-premises consumption in a restaurant otherwise permitted hereunder); night club or discotheque, dance hall, comedy club, night club or adult entertainment facility; theater (including a movie theater),
auditorium, sports or other entertainment viewing facility (whether live, film, audio/visual or video); barbeque or gas grill retail store; industrial, manufacturing or warehouse use, distribution center or facility; truck stop; adult bookstore or
establishment selling, exhibiting or distributing pornographic or obscene materials; massage parlor; drug treatment or rehabilitation center; so-called “head shop” or any business or facility
selling, supplying, dispensing (which shall be deemed to include vending machines or other self-service facilities) or distributing marijuana or products or by-products derived therefrom, whether by
prescription, medical recommendation or otherwise; automobile (or other motor vehicle or boat) dealership and/or repair shop (including lubrication and/or service center); body and fender shop; laundromat or
dry-cleaning facility (but this shall not be deemed to prohibit an on-site service provided solely for pick-up and delivery by
the ultimate consumer); gaming, wagering or betting parlor or facility or equipment of any kind; junk yard; recycling facility or stockyard; tattoo parlor or body piercing establishment; funeral parlor, cemetery, mortuary or any business selling
caskets and other funerary products; beauty school, barber college, reading room, place of instruction or any other operation catering primarily to students or trainees and not to customers; office usage other than incidental in connection with non-prohibited uses; residential or hotel uses; any place of religious worship; pawn shop or any business offering cash for gold, silver and other valuables; payday loan or check cashing provider; surplus store; gun
range; the sale of guns as a primary use; animal kennel; fitness center, workout facility, gym, health spa or studio; any state, local or federal governmental facility, including, without limitation, department of motor vehicles and military
recruiting facilities; any store selling electronic cigarettes or similar devices as its primary business; or any business or space within the Property, including, without 

 
limitation, any facilities such as lockers, outposts, pods, dedicated floor or parking spaces or similar drop off/pick up locations or facilities, whose primary purpose is to display goods and
merchandise that may be purchased via catalogue or an internet website or other electronic means and/or to fulfill, store, deliver, transfer, convey or otherwise distribute or receive goods and merchandise that have been purchased via catalogue or
an internet website or other electronic means. Notwithstanding any of the foregoing, and for greater certainty, the Seller confirms and acknowledges and agrees that nothing in this Agreement shall place any restrictions on Purchaser from operating a
self-storage business or leasing self-storage units to tenants for any purpose, including the storage and distribution of goods. 
 (vii) No
portion of the Property shall be used in violation of the Existing Restrictions, including, without limitation, any building or use restrictions contained therein. 

(viii) No portion of the Property shall be used as a home improvement center or hardware store or for any business which sells, displays,
leases, rents or distributes the following items or materials, individually or in any combination: lumber, hardware, tools, roofing materials, plumbing supplies, pool supplies, electrical supplies, paint, wallpaper and other wallcoverings, window
treatments (including, without limitation, draperies, curtains and blinds), kitchens or bathrooms or components thereof (including, without limitation, tubs, sinks, faucets, mirrors, cabinets, showers, vanities, countertops and related hardware),
doors, windows, hard and soft flooring (including, without limitation, tile, wood flooring, rugs and carpeting), siding, ceiling fans, lawn and gardening and garden nursery supplies, natural plants, equipment (including, without limitation,
lawnmowers) and products, outdoor cooking equipment and accessories, patio furniture and patio accessories, Christmas trees (both live and artificial), holiday décor and accessories, home automation systems and smart home devices, indoor and
outdoor lighting systems and light fixtures, cabinets, kitchen and other household appliances, cleaning supplies, closet organizing systems, interior design services, automotive parts, products and accessories, or other products generally sold in a
retail home improvement center. 
 (ix) No construction shall be performed on the Property except in compliance with the plans approved by
Seller and all laws, rules, regulations, orders and ordinances of applicable governmental authorities, any applicable Existing Restrictions, the RCEA and, if any construction will be performed on the HD Property, the Home Depot Site Specification
References for Carve Outs (the “HD Site Specifications”) attached hereto as Exhibit D and made a part hereof. Purchaser shall give Seller at least thirty (30) days’ prior written notice (the “Work
Notice”) of any construction, reconstruction, repair, maintenance or remodeling of any building or other improvements. The Work Notice shall include the name and contact information of the construction manager or other accountable
construction person for Purchaser or its general contractor, proposed dates for a pre-construction meeting with Purchaser’s general contractor which representatives of Seller shall have the right to
attend (and Purchaser shall cooperate with Seller to agree upon a mutually convenient date and time for such pre-construction meeting if Seller elects to attend), a construction schedule for the work to be
performed and a site plan designating an area on the Property to be used as a staging and storage area. For clarity, the pre-construction meeting with Seller (or its designated representative) is mandatory and
a condition precedent to any construction on the Property. Any portion of the 

 
construction schedule pertaining to work to be performed on the HD Property and the staging and storage area on the Property shall be subject to Seller’s prior written approval. Seller shall
have the right to hire an independent contractor or testing company to observe all work to be performed on the HD Property and, in such event, Purchaser shall give such contractor or testing company at least twenty-four (24) hours’ prior
written notice before performing any such work. During the course of construction, Seller or its independent contractor or testing company shall have the right to conduct tests and inspections of any work performed on the HD Property. Upon
completion of all work to be performed on the HD Property, Purchaser’s construction representatives and contractor and Seller’s representatives shall meet and examine the same and any deficiencies shall be promptly corrected to
Seller’s satisfaction at Purchaser’s sole cost and expense. All work performed on the HD Property shall again be examined eleven (11) months after completion of construction and any deficiencies shall be promptly corrected to
Seller’s satisfaction at Purchaser’s sole cost and expense. 
 (x) All exterior signage on the Property shall be subject to
Seller’s prior written approval and shall comply with local codes and ordinances. 
 (xi) No buildings shall be constructed on the
Property unless constructed in such a manner as to guarantee that buildings constructed from time to time on any part of the HD Property may be constructed and remain without any easement or no-build
requirement by applicable governmental authorities in order to satisfy fire rating requirements. 
 (xii) Purchaser will, at its
sole cost and expense, self-maintain and repair the Property. Notwithstanding anything to the contrary, Purchaser shall also maintain and repair, at its sole cost and expense, the landscape areas, driveways, curbs and gutters within that part of the
HD Property shown in green on Exhibit B hereto (the “Purchaser’s Maintenance Area”). 
 (e) Survey. Purchaser
covenants and agrees that it shall deliver to Seller, prior to the expiry of the Inspection Period, a current reference plan of survey of the Property prepared by a licensed professional surveyor reasonably acceptable to Seller (the
“Survey”). Seller and Purchaser agree that: (i) the Survey shall depict the number of acres contained within the boundaries of the Property to the nearest one-thousandth (1/1000th) of an
acre, (ii) the Survey shall be certified to Purchaser, Seller and Seller’s Solicitors, (iii) the Property shall be substantially in the location and configuration as shown on Exhibit B hereto, and (iv) the Survey shall contain a
legal description of the Property. Within fifteen (15) business days after receipt of the Survey, Seller shall notify Purchaser in writing if the Survey is acceptable to Seller; provided, however, that Seller shall be deemed to have disapproved
the Survey if Seller fails to notify Purchaser of its approval or disapproval of the Survey within such fifteen (15) business day period. In the event Seller does not approve the Survey, Purchaser and Seller shall attempt to agree upon the
configuration and size of the Property and any other matters objected to by Seller, failing which either party shall have the right to terminate this Agreement by giving written notice to the other party hereto prior to the expiration of the
Inspection Period, whereupon the Initial Deposit shall be refunded to Purchaser by Seller’s Solicitors (after deducting the Review Fee), Purchaser shall deliver the Confidential Information to Seller and this Agreement shall be null and void
and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein. If Closing occurs, the legal description attached to the Deed (as defined below) shall
be based on the Survey. 

 8. Seller’s Approval Rights. 

(a) Site Plan and Elevations. Purchaser covenants and agrees that it shall deliver to Seller, within sixty (60) days after
the Effective Date, a preliminary site plan for the Property showing in detail all of Purchaser’s intended improvements, ingress and egress plans, parking configuration, proposed landscaping, locations of all utilities and building footprint of
each structure Purchaser intends to construct on the Property (the “Site Plan”), together with (i) the proposed exterior elevations indicating colors and materials of each building or structure Purchaser intends to construct on
the Property (the “Elevations”), (ii) the proposed construction and staging areas for the improvements Purchaser intends to construct on the Property, and (iii) the proposed construction access route to the Property. The Site
Plan shall be superimposed over the Survey. The Site Plan and Elevations, and any subsequent revisions thereto (the parties acknowledge that the Site Plan and Elevations may be subject to revision in connection with Purchaser’s efforts to
obtain the Approvals), shall be subject to Seller’s approval, in Seller’s sole and absolute discretion. The Site Plan must in all events conform to the Survey approved by Seller and Purchaser shall provide Seller with such certifications
from Purchaser’s engineer and other confirmatory documentation as Seller shall require confirming that the Site Plan conforms to the approved Survey. In the event Seller fails to approve the Site Plan and Elevations, including, without
limitation, any subsequent revisions thereto, either party shall have the right to terminate this Agreement by written notice to the other party hereto, which termination shall be governed by the provisions of subsection (g) below. 

(b) Initial Outlot Feasibility Report. Purchaser covenants and agrees that Purchaser shall retain a site development consultant, at
Purchaser’s expense, to complete an Initial Outlot Feasibility Report in the form attached hereto as Exhibit C within ninety (90) days after the expiry of the Inspection Period (including, without limitation, a conceptual site plan
and a conceptual utility plan as required by the Initial Outlot Feasibility Report), copies of which shall be promptly delivered to Seller for its approval. If anything revealed by the Initial Outlot Feasibility Report is unacceptable to Seller, in
its sole and absolute discretion, including, without limitation, any matter related to the HD Property, Seller shall have the right to terminate the Agreement by notice to Purchaser given within twenty (20) business days following receipt of
the Initial Outlot Feasibility Report, which termination shall be governed by the provisions of subsection (g) below. 
 (c)
Plans. Purchaser covenants and agrees that within ninety (90) days after the expiry of the Inspection Period, Purchaser shall deliver to Seller for Seller’s review and approval (i) plans and specifications for Purchaser’s
intended improvements, including, without limitation, civil drawings (including landscaping, utilities and signage plans), civil site work plans and architectural plans and specifications, and (ii) an estimated construction schedule
(collectively, the “Plans”). If any work is to be performed on the HD Property, the Plans for such work shall incorporate the HD Site Specifications. In addition to the foregoing, Purchaser shall, at its sole cost and expense, cause
to be delivered to Seller a written report 

 
(the “Supplemental Report”) which shall, among other things, include an impact analysis with respect to the HD Property, including, without limitation, all utility lines and
facilities and other improvements located therein to verify no adverse impacts on the HD Property (including, without limitation, with respect to capacity, function or operation of any of the foregoing). Such impact analysis shall contain all
necessary hydrology information and calculations to allow Seller to confirm that any existing detention pond and related storm water sewer improvements and facilities have adequate capacity to accommodate storm water discharge from the Property
after the construction of Purchaser’s intended improvements thereon. If any improvements to Seller’s storm water management system (including, without limitation, any existing detention pond) are required as a result of Purchaser’s
intended development and use of the Property, Purchaser shall be solely responsible for the cost of the same. The Plans and Supplemental Report shall be peer reviewed by a civil engineer and architect designated by Seller. If Seller or its
designated civil engineer or architect requests any modifications to the Plans, Purchaser shall either (A) make such modifications and deliver revised Plans to Seller and its designated civil engineer and/or architect, or (B) notify Seller
that Purchaser does not wish to incorporate some or all of Seller’s requested modifications to the Plans, whereupon Seller and Purchaser and their respective civil engineers and architects shall consult with each other to attempt to reach
agreement on the Plans. If the parties are unable to reach agreement by the earlier to occur of (x) the thirtieth (30th) day after Purchaser notifies Seller that Purchaser does not wish to incorporate some or all of Seller’s requested
modifications, or (y) the Closing Date, either party shall have the right to terminate this Agreement by written notice to the other party, which termination shall be governed by the provisions of subsection (g) below. Any modifications to
the Plans made after Seller’s initial approval thereof shall be subject to Seller’s prior written approval, which approval may be withheld, in Seller’s sole and absolute discretion. Purchaser acknowledges and agrees that any utility
placement on the Property is “as is where is” and shall be Purchaser’s responsibility to verify during the Inspection Period. 

(d) Subdivision and Other Approvals. Purchaser covenants and agrees as follows: (i) Purchaser shall not make any submittals to
governmental or quasi-governmental authorities with respect to Subdivision Approvals or any zoning, land use or other Approvals without first submitting a copy of any proposed submittal and any related documentation to Seller for Seller’s
review and prior written approval (the provisions hereof shall apply to initial as well as all subsequent submittals to governmental and quasi-governmental authorities); (ii) Purchaser shall obtain, prior to Closing, any and all Subdivision
Approvals for the Property; and (iii) Purchaser shall deliver to Seller, for Seller’s review and prior written approval, copies of all draft conditions of the Approvals prior to final action by the applicable governmental authority, which
approval may be granted or withheld in Seller’s sole and absolute discretion. If any Subdivision Approvals, or other Approvals approved by Seller as provided herein require amendments or modifications to any existing permits or approvals
affecting the HD Property, Purchaser shall be responsible for obtaining the same at Purchaser’s sole cost and expense upon terms and conditions satisfactory to Seller, in its sole and absolute discretion (the “HD Property
Approvals”). In the event Purchaser fails to obtain all Subdivision Approvals and any necessary HD Property Approvals prior to Closing upon terms and conditions acceptable to Seller, in its sole and absolute discretion, or in the event
Seller does not approve or consent to (which approval or consent may be granted or withheld in Seller’s sole and absolute discretion), any other matter which is subject to Seller’s consent or approval pursuant to this subsection (d),

 
either party at any time shall have the right to terminate this Agreement by written notice to the other party hereto, which termination shall be governed by the provisions of subsection
(g) below. Notwithstanding anything to the contrary contained herein, the Subdivision Approvals shall not be deemed obtained for purposes of this Agreement until any survey or other instrument (collectively, the “Required
Plat”) required to be executed and registered prior to Seller’s delivery of the Deed hereunder is (1) in final form consistent with the Subdivision Approvals and as approved by Seller, (2) executed by Seller and all
applicable governmental authorities, and (3) otherwise in proper recordable form and ready to be registered. 
 (e) Compliance
Letter from Governmental Authorities. Purchaser covenants and agrees that at least ten (10) days prior to Closing, Purchaser shall deliver to Seller a letter from all applicable governmental or quasi-governmental authorities having
jurisdiction over the Property confirming (i) that Purchaser’s proposed development does not violate, or otherwise result in a violation of, any zoning, land use, development laws, codes, ordinances, permits and/or approvals in effect with
respect to the HD Property or the improvements thereon, including, without limitation, any conditional or special use permits or approvals related thereto; (ii) that Purchaser’s proposed development will not cause Seller’s use of, and
existing development on the HD Property to become illegal or non-conforming in any respects or impose any additional requirements or obligations on Seller (other than as may be required pursuant to the RCEA.
In the event that after using diligent efforts Purchaser cannot obtain the aforesaid letters, Purchaser shall provide a letter addressing such matters from its independent third party planning consultant. In the event such letter form the
Purchaser’s planning consultant is not satisfactory to Seller, in its sole an absolute discretion, Seller shall have the right to terminate this Agreement by written notice to Purchaser, which termination shall be governed by the provisions of
subsection (g) below. 
 (f) Amendments to Existing Agreements and Other Third Party Consents. Prior to the expiration of the
Approval Period, Purchaser shall be responsible at its sole cost and expense for obtaining all amendments, approvals, consents or estoppels to or with respect to any Existing Restrictions or other Permitted Encumbrances from third parties that are
required as a condition to Purchaser’s acquisition, development or operation of the Property (which for purposes hereof shall specifically include such amendments, approvals and consents that Seller determines are necessary to ensure that
Seller and the HD Property shall not violate any Existing Restrictions or other Permitted Encumbrances after the conveyance and development of the Property) (collectively, the “Third Party Approvals”). All Third Party Approvals
shall be subject to Seller’s approval in Seller’s sole and absolute discretion. Purchaser shall not submit any amendments or other materials or documentation to third parties without first obtaining Seller’s prior written approval.
The execution and delivery of Third Party Approvals by all necessary parties (other than Seller), including, without limitation, any mortgagees, shall be a condition to Closing. If Seller does not approve any required Third Party Approvals or any
Third Party Approvals are not obtained prior to Closing, either party hereto shall have the right to terminate this Agreement by written notice to the other party, which termination shall be governed by the provisions of subsection (g) below.
For greater certainty, but without limitation, the Third Party Approvals shall include a partial surrender (in registrable form) of the Solar Generation Lease Agreement dated as of April 1, 2010 between Seller and Sky Ozz International Inc., as
amended and assigned, notice of which is registered as Instrument No. AT2648238 

 
registered March 23, 2011 being a Notice of Lease by MOM Solar Limited Partnership and its general partner, MOM solar GP Inc. as assigned by Instrument No. AT3314608 (collectively, the
“Solar Rooftop Lease”) from the Property by the tenant thereunder, a partial discharge of any leasehold mortgage in respect of the Solar Rooftop Lease from the Property, and such amendments to the Solar Rooftop Lease that Seller
determines are necessary to ensure that Seller and the HD Property shall not violate the Solar Rooftop Lease after the conveyance and development of the Property. 

(g) Termination. If this Agreement is terminated pursuant to the provisions of this Section 8, Purchaser shall deliver the
Confidential Information to Seller, and (i) if such termination occurs prior to the end of the Inspection Period, the Initial Deposit shall be refunded to Purchaser (after deducting the Review Fee), (ii) if such termination occurs after the
expiration of the Inspection Period but prior to the end of the Initial Approval Period, the Initial Deposit shall be paid to or retained by Seller and the Additional Deposit shall be refunded to Purchaser (after deducting the Review Fee), or
(iii) if such termination occurs after the expiration of the Initial Approval Period, all Deposits, including any Extension Deposits shall be paid to or retained by Seller, and Purchaser shall pay Seller the Review Fee. Upon a termination
pursuant to the provisions of this Section 8, this Agreement shall be null and void and of no further force or effect with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein.

 (h) Method of Plan Delivery. With respect to any plans, drawings or like submissions required to be made by Purchaser to Seller
for Seller’s approval in accordance with the provisions of this Agreement, Purchaser agrees that it will, absent Seller’s consent to the contrary, cause such plans, drawings and submissions to be delivered to Seller by virtue of electronic
transmittal of a .pdf file containing the plans, drawings and/or submissions at issue or, if reasonably requested by Seller, by electronic transmittal of CAD files containing such materials. Further, any plans, drawings or other submissions made by
Purchaser shall be accompanied by the Surplus Property/Carve Out Review Checklist in the form attached hereto as Exhibit E and made a part hereof, completed to reflect the current and all prior submittals. 

9. Seller’s Conditions to Closing. Notwithstanding anything to the contrary contained herein, for the benefit of Seller,
the Closing shall be expressly conditioned upon the occurrence and/or satisfaction of each of the following conditions (or Seller’s written waiver thereof, it being agreed that Seller may, other than in respect of clause (d) below, waive
any, all or none of such conditions at its sole discretion): 
  

	 	(a)	 Purchaser’s Obligations. Purchaser shall have timely performed all of the obligations required by
the terms of this Agreement to be performed by Purchaser; 

  

	 	(b)	 Purchaser’s Representations. All covenants, representations and warranties made by Purchaser in
this Agreement shall be true and correct as of the Closing Date; 

  

	 	(c)	 No Adverse Effect on Seller’s Operations. Seller shall be satisfied that Purchaser’s
development and use of the Property shall in no way adversely affect the use or operation of the HD Property, as determined by Seller in its sole and absolute discretion; 

	 	(d)	 Subdivision Approvals. Purchaser has obtained and provided written notice thereof to the Seller of all
requisite Subdivision Approvals from the appropriate governmental authorities (with written confirmation thereof from the applicable governmental authorities to the Seller) and registered the Survey prior to Closing; and 

 

	 	(e)	 HD Property Approvals. Purchaser has obtained and provided written notice thereof to the Seller of all
requisite HD Property Approvals from the appropriate governmental authorities as may be required by Purchaser for its development of the Property as contemplated pursuant to this Agreement (with written confirmation thereof from the applicable
governmental authorities to the Seller). 

 In the event either of the conditions in clauses (a) or (b) above shall
have failed as of Closing, Seller shall be entitled to proceed in accordance with the provisions of Section 18 below. If the condition set forth in clause (c) above has not been satisfied as of Closing (or Seller at any time prior to
Closing determines that Purchaser’s development and use of the Property will adversely affect the use or operation of the HD Property), Seller may terminate this Agreement by notice to Purchaser on or before Closing, in which event the Deposits
shall be returned to Purchaser (after deducting the Review Fee), provided that if such termination by Seller is permitted by the provisions of Section 8 above at the time of such termination, then in such event the Deposits shall be disbursed
and retained or paid in a manner consistent with the terms of Section 8(g) above. If the conditions set forth in clauses (d) or (e) above have not been satisfied as of Closing, Seller may terminate this Agreement by notice to Purchaser on
or before Closing, in which event the Deposits shall be disbursed as provided in Section 8(g) above. Upon a termination pursuant to the provisions of this Section 9, Purchaser shall deliver the Property Materials to Seller and this
Agreement shall be null and void and of no further force or effect, with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein. 

10. Purchaser’s Conditions to Closing. Notwithstanding anything to the contrary contained herein, for the benefit of
Purchaser, the Closing shall be expressly conditioned upon the occurrence and/or satisfaction of each of the following conditions (or Purchaser’s written waiver thereof, it being agreed that Purchaser may waive, other than in respect of clause
(c) below, any, all or none of such conditions at its sole discretion): 
  

	 	(a)	 Seller’s Obligations. Seller shall have timely performed all of the obligations required by the
terms of this Agreement to be performed by Seller; 

  

	 	(b)	 Seller’s Representations. All covenants, representations and warranties made by Seller in this
Agreement shall be true and correct as of the Closing Date; and 

  

	 	(c)	 Subdivision Approvals. Purchaser has obtained all requisite Subdivision Approvals from the appropriate
governmental authorities and registered the Survey prior to Closing; and 

  

	 	(d)	 HD Property Approvals. Purchaser has obtained all requisite HD Property Approvals from the appropriate
governmental authorities, as may be required by Purchaser for its development of the Property as contemplated pursuant to this Agreement. 

 In the event either of the conditions in clauses (a) or (b) above shall have failed as
of Closing, Seller shall be entitled to proceed in accordance with the provisions of Section 18 below. If the conditions set forth in clauses (c) or (d) above have not been satisfied as of Closing, Purchaser may terminate this Agreement by
notice to Seller on or before Closing, in which event the Deposits shall be disbursed as provided in Section 8(g) above. Upon a termination pursuant to the provisions of this Section 10, Purchaser shall deliver the Confidential Information
to Seller and this Agreement shall be null and void and of no further force or effect, with Purchaser and Seller having no further rights, obligations or liabilities hereunder except as otherwise set forth herein. 

11. Conveyance of Title. 

At Closing, Seller shall convey fee simple title to the Property to Purchaser pursuant to a registrable transfer/deed of land (the
“Deed”), subject to all of the following (collectively, the “Permitted Encumbrances”): (i) any subsisting reservations, limitations, provisions and conditions contained in any original grants from the Crown of
any land or interests therein; (ii) Subsection 44(1) of the Land Titles Act, except paragraph 11, paragraph 14, provincial succession duties and escheats or forfeiture to the Crown, (iii) the RCEA; (iv) unregistered easements
for the supply of utilities or telephone services and/or for drainage, storm or sanitary sewers, public utility lines, telephone lines, cable television lines or other services; (v) all work orders, deficiency notices and building permits
relating to the Property which have been issued prior to the expiration of the Inspection Period; (vi) any encroachments which would appear on an up-to-date survey
of the Property, including those specifically indicated on any existing survey of the Property; (vii) any liens/encumbrances for real property taxes (which term includes charges, rates and assessments) or charges for electricity, power, gas,
water and other services and municipal utilities in connection with the Property that have accrued but are not yet due and owing or, if due and owing, are adjusted for pursuant to the Agreement, (viii) any minor title defects, irregularities,
easements, rights of way or other discrepancies in title or possession relating to the Property; (ix) the provisions of applicable laws, including by-laws, regulations, existing zoning and building laws,
ordinances and regulations, airport zoning regulations, ordinances and similar instruments relating to development and zoning (x) all Title Objections waived by Purchaser pursuant to Section 7(b) above; (xii) any documents arising
from all Third Party Approvals, (xiii) those instruments and encumbrances which are registered on title to the Property as of the Effective Date; (xiv) any other easements, documents and approvals required by or otherwise arising from this
Agreement, including, without limitation, all Third Party Approvals, and (xiv) all matters caused by the actions or inactions of Purchaser or any members of the Purchaser Group. Provided, however, the foregoing shall not be deemed to limit
Purchaser’s title review rights pursuant to Section 7(b) above. 

 (b) Seller shall have the right to create, grant and/or reserve such easements over the
Property, for the benefit of the HD Property, as Seller may deem necessary or desirable for the use, development and enjoyment of the same (the “Seller Easements”); provided, however, that any such reserved easements that will
affect the Property shall be (i) located outside of the building area shown on the Site Plan approved by Seller, and (ii) provided in the RCEA to be recorded at Closing. Any Seller Easements created, granted and/or reserved by Seller
pursuant to this subsection (b) shall be deemed to constitute Permitted Encumbrances. 
 11a. Purchaser’s Work 

(a) Prior to commencing any work for the Roadway Realignment (hereinafter defined) or interfering in any way with the access drives on the
Original HD Parcel (including the roadways within the Property), Purchaser shall, at its sole cost and expense, complete the roadway modifications shown shaded in orange on Exhibit B hereto and such additional modifications (including curb and
island modifications) which are required for turning radii suitable for delivery trucks, in order to create a temporary truck route (the “Temporary Truck Route”) in the approximate location shown shaded in light orange on Exhibit B,
for use by Seller, its employees, agents, contractors, licensees and invitees during the period of construction on the Property. 
 (b) As
part of the development of the Property, Purchaser shall realign the access drives within that part of the Original HD Parcel shown in blue on Exhibit B hereto (such realignment, the “Roadway Realignment”). 

(c) Purchaser shall be responsible, at its sole cost and expense, for all work associated with the Temporary Truck Route and the Roadway
Realignment (collectively, the “Purchaser’s Work”), and shall obtain, at its sole cost and expense, all necessary approvals in respect thereof from any governmental authorities having jurisdiction over the Property. Purchaser
shall complete all Purchaser’s Work within twelve (12) months following commencement of the Roadway Realignment work. All of the Purchaser’s Work shall be completed by the Purchaser at its sole cost and expense in
a good and workmanlike manner, in accordance with a construction schedule and plans and specifications approved by Seller, the requirements of applicable governmental authorities, and the requirements of the RCEA. Any security required to be lodged
by governmental authorities or utility suppliers to assure completion of the Temporary Truck Route Work and Roadway Realignment work shall be the responsibility of Purchaser. Upon substantial completion of the Roadway Realignment work, Purchaser
shall restore that portion of HD Property comprising the Temporary Truck Route back to substantially the same condition existing prior to commencement of the Temporary Truck Route work. 

(d) During the performance of the Roadway Realignment work, neither the Purchaser nor any other member of the Purchaser Group shall interfere
with vehicular passage to and from the HD Property over the Temporary Truck Route. 
 (e) On Closing, Purchaser shall pay to Seller’s
solicitors, in trust an amount equal to Twenty Thousand Dollars ($20,000), as security for completion of the Purchaser’s Work (the “Security”). Upon completion of the Purchaser’s Work and the Purchaser’s Work having
been certified complete by Purchaser’s independent architect or engineer, and expiry of the construction lien period with no liens having been filed against the Property or the HD Property 

 
and delivery by Purchaser to Seller of satisfactory evidence that all work and materials comprising the Purchaser’s Work have been fully paid for, Seller shall authorize the Seller’s
Solicitors to return the Security to Purchaser . If the Purchaser’s Work or any part thereof is not completed in accordance with plans and specifications approved by Seller and the requirements of this Section 11a, Seller shall have the
right to take over the remainder of the Purchaser’s Work, or any portion thereof, and the Seller’s Solicitor shall pay to Seller out of the Security the amount necessary to fully reimburse Seller for all costs incurred to complete the
Purchaser’s Work or portions thereof, as the case may be, and, upon completion of the Purchaser’s Work, and subject to any holdbacks under the applicable construction lien legislation, to remit the balance, if any to Purchaser. In the
event of any shortfall, the Purchaser shall pay the amount of such shortfall to Seller forthwith upon demand. 
 (f) In the event that any
lien is registered against the title to the HD Property in respect of the Purchaser’s Work, Purchaser will, at its sole expense, cause the same to be removed from title within ten (10) business days following Notice to Purchaser, failing
which Seller’s Solicitors shall, upon request by Seller, pay from the Security the amounts into Court to remove the same from the title to the HD Property and the entire cost thereof, including legal fees, will be immediately due and payable by
the Purchaser to Seller. 
 (g) Purchaser acknowledges and agrees that Seller may retain, at the Purchaser’s sole cost and expense,
architects, engineers and other consultants to monitor the performance of the Purchaser’s Work. All such costs shall be paid by the Purchaser within thirty 

(30) days following presentation of an invoice in respect thereof. If requested by the Vendor, the Vendor’s Solicitors shall pay such
amounts to Seller from the Holdback. 
 (h) Purchaser hereby indemnifies, protects, defends (with counsel satisfactory to Seller) and holds
Seller and its officers, directors, shareholders, employees and agents, harmless from and against any and all damage to persons or property or any other claims, demands, losses, damages, liabilities, fines, penalties, liens, costs and expenses
(including, without limitation, reasonable legal fees and litigation expenses) that Seller may suffer or incur directly or indirectly and which arise as a result of or in connection with the performance by the Purchaser of its obligations pursuant
to this Section 11a, including any act or omission by Purchaser or any other member of the Purchaser Group relating thereto. 
 (i) The
provisions of this Section 11a shall survive and not merge on Closing. 
 12. Closing Documents. 

(a) Seller shall deliver to Purchaser at the Closing the following documents (all of which shall be duly executed and witnessed, which
documents Purchaser agrees to execute where required): 
  

	 	(i)	 the Deed; 

  

	 	(ii)	 the RCEA and any Third Party Approvals approved and required to be signed by Seller pursuant to this Agreement;

	 	(iii)	 a statement of adjustments; 

 

	 	(iv)	 an undertaking by Seller to re-adjust any items properly adjustable
pursuant to this Agreement in accordance with the terms hereof; 

  

	 	(vi)	 a certificate of an authorized signing officer of Seller that Seller is not a
non-resident of Canada within the meaning of Section 116 of the Income Tax Act of Canada; 

  

	 	(vii)	 a non-merger acknowledgement with respect to those provisions herein
which are expressly stated to survive and not merge on Closing; and 

  

	 	(viii)	 such further deeds, acts, things, certificates and assurances as may be required in the opinion of
Purchaser’s Solicitors, acting reasonably, in order to carry out the terms of this Agreement. 

 (b) Purchaser shall
deliver to Seller at the Closing the following documents (all of which shall be duly executed and witnessed by Purchaser as appropriate): 
  

	 	(i)	 the balance of the Purchase Price and the Maintenance Fee, by wire transfer; 

 

	 	(ii)	 the RCEA and any Third Party Approvals, executed by Purchaser and all other necessary parties (other than
Seller); 

  

	 	(iii)	 an assumption agreement whereby the Purchaser, assumes all of the Seller’s obligations under the Permitted
Encumbrances in respect of the Property and arising from and after the Closing Date and indemnifies Seller with respect thereto (without any indemnity from Seller in respect of the period prior to the Closing Date); 

 

	 	(iv)	 an undertaking by the Purchaser to re-adjust any items properly
adjustable pursuant to this Agreement in accordance with the terms hereof; 

  

	 	(v)	 an undertaking and indemnity in respect of HST in accordance with Section 4(g); 

 

	 	(vii)	 a non-merger acknowledgement with respect to those provisions herein
which are expressly stated to survive and not merge on Closing; and 

	 	(viii)	 such further deeds, acts, things, certificates and assurances as may be required in the opinion of
Seller’s Solicitors, acting reasonably, in order to carry out the terms of this Agreement. 

 (c) All documentation
shall be in form and substance acceptable to Purchaser and Seller, each acting reasonably and in good faith, provided that none of such documents shall contain covenants, representations or warranties which are in addition to or more onerous upon
either the Seller or the Purchaser than those expressly set forth in this Agreement. 
 13. Expropriation. In the event that
at any time between the making of this Agreement and Closing, all or a material portion of the Property is expropriated by any legally constituted authority for any public use or purpose, then Purchaser may elect to either: (a) terminate this
Agreement, in which event all Deposits paid by Purchaser shall be immediately refunded by Seller’s Solicitors to Purchaser (after deducting the Review Fee), and neither Purchaser nor Seller shall have any further liabilities, obligations or
rights hereunder except as otherwise set forth herein, or (b) have the terms of this Agreement remain in full force and effect and binding on the parties hereto. In the event of an expropriation in which Purchaser does not elect to terminate
this Agreement pursuant to the foregoing terms, then (a) the terms of this Agreement shall remain in full force and effect, (b) the term “Property” as used herein shall thereafter refer to the Property less
and except any portion thereof taken by such expropriation, (c) there shall be no reduction of the Purchase Price and Seller shall assign to Purchaser (without recourse) at Closing the rights of Seller to the award, if any, for the taking of
the Property or such portion thereof, and (d) Purchaser shall be entitled to receive and keep all awards for the taking of the Property or such portion thereof. 

14. Assignment by Purchaser. This Agreement shall bind and inure to the benefit of Seller and Purchaser and their respective
successors and permitted assigns. Purchaser shall have no right to assign its rights and obligations hereunder without the prior written consent of Seller (which consent may be unreasonably or arbitrarily withheld), except that this Agreement may be
assigned by the Purchaser, and any subsequent assignee thereof, without Seller’s consent, to: (i) an affiliate (as such term is defined in the Canada Business Corporations Act) of Purchaser, (ii) an entity in which any of SmartStop
Self Storage REIT, Inc., a Maryland corporation, Strategic Storage Growth Trust II, Inc., a Maryland corporation, Strategic Storage Trust IV, Inc., a Maryland corporation, or any subsidiary of the foregoing, has a direct or indirect ownership
interest, (iii) a real estate investment trust of which Purchaser or an affiliate of Purchaser is the external advisor, or (iv) a Delaware statutory trust of which Purchaser or an affiliate of Purchaser is the signatory trustee (any such
party being herein called a “Permitted Assignee”); provided that, any such assignee shall execute and deliver a covenant (in form and substance satisfactory to Seller acting reasonably) in favor of Seller assuming all obligations of
Purchaser, or such subsequent assignee, as applicable, under this Agreement and agreeing to be bound by and perform the terms of this Agreement until the consummation of the Closing. Any such assignee shall be jointly and severally liable with the
original Purchaser and any prior assignee(s), and until the consummation of the Closing, no such assignment shall release or relieve the original Purchaser or any prior assignee(s) of any liability hereunder. In addition, Purchaser shall be entitled
to direct Seller to transfer legal title to the Property to a Permitted Assignee, provided Purchaser and such Permitted Assignee shall execute such Closing documents as may reasonably be required by Seller in connection therewith. 

 15. Notices. Any notice, demand, approval, consent, information,
agreement, offer, request or other communication (herein referred to as a “Notice”) to be given under or in connection with this Agreement shall be in writing and shall be given by personal delivery or nationally recognized courier
service during regular business hours on any business day or by email with confirmation of transmission received, addressed or sent as set out below or to such other address or electronic address as may from time to time be the subject of a
Notice: 
  

	 	(a)	 If to Seller: 

c/o Home Depot U.S.A., Inc. 
 2455
Paces Ferry Road, C-20 
 Atlanta, Georgia 30339 

Attention: Kim Koenig, Senior Real Estate 

Manager 
 Email:
Kimberly_C_Koenig@homedepot.com 
 With an additional copy to: 

Miller Thomson LLP 
 40 King
Street West 
 Suite 5800, Box 1011 

Toronto, Ontario, Canada M5H 3S1 

Attention: Perry Katz 
 Email:
pkatz@millerthomson.com 
  

	 	(b)	 If to Purchaser: 

c/o SST II Acquisitions, LLC 
 10
Terrace Road 
 Ladera Ranch CA 92694 

United States of America 

Attention:     H. Michael Schwartz 

E-mail: hms@sam.com 

With an additional copy to: 
 c/o
SST II Acquisitions, LLC 
 10 Terrace Road 

Ladera Ranch CA 92694 
 United
States of America 
 Attention: Nicholas Look 

E-mail: nlook@smartstop.com 

 With an additional copy to: 

c/o SST II Acquisitions, LLC 
 10
Terrace Road 
 Ladera Ranch CA 92694 

United States of America 

Attention: Wayne Johnson 
 E-mail: wjohnson@smartstop.com 
 With an additional copy to: 

Norton Rose Fulbright Canada LLP 

Suite 1500, 45 O’Connor Street 

Ottawa, Ontario, Canada K1P 1A4 

Attention: Norman B. Lieff 

Email: norman.lieff@nortonrosefulbright.com 

Any Notice, if personally delivered, shall be deemed to have been validly and effectively given and received on the date of such delivery and
if sent by–electronic communication with confirmation of transmission prior to 5:00 p.m., shall be deemed to have been validly and effectively given and received on the business day it was sent unless the confirmation of transmission was after
5:00 p.m. in which case it shall be deemed to have been received on the next following Business Day. Notices may be given or delivered by the parties or by their respective solicitors on their behalf. 

For purposes of this Agreement, “business day” means any day other than a Saturday, Sunday or a statutory or civic holiday in the
province in which the Property is located. 
 15. Amendment. Neither this Agreement nor any provision hereof may be changed,
amended, modified, waived or discharged orally or by any course of dealing, but only by an instrument in writing signed by the party against which enforcement of the change, amendment, modification, waiver or discharge is sought. 

16. Legal Fees. In the event legal action is instituted by any of the parties to enforce the terms of this Agreement or arising
out of the execution of this Agreement, each party shall be responsible for its own solicitors’ legal fees and costs, regardless of the outcome of such legal action. 

17. Brokers. Purchaser and Seller hereby represent each to the other that, except for CBRE Limited (“Broker”)
who has been retained solely by the Seller, they have not discussed this Agreement or the subject matter hereof with, and have not engaged in any fashion or any connection with this transaction the services of, any real estate broker, agent, or
salesman, so as to create any legal right in any such broker, agent, or salesman to claim a real estate commission or similar fee with respect to the conveyance of the Property or the other transactions contemplated by this Agreement. At Closing,
Seller shall pay to Broker the commission payable by Seller to Broker pursuant to a separate agreement between Seller and Broker. Seller and Purchaser hereby agree to indemnify and hold the other harmless from and against any and all claims
(including, without limitation, court costs and reasonable legal fees actually incurred in connection with any such claims) for any real estate commissions, finder’s fees or any similar fees arising out of or in any way connected with any
breach of the foregoing representation by the indemnifying party. The terms of this Section 17 shall survive Closing and the delivery of the Deed and will not be merged therein. 

 18. Default. 

 

	 	(a)	 In the event the purchase and sale is not consummated because of the inability, failure or refusal, for
whatever reason whatsoever, by Seller to convey the Property in accordance with the terms and conditions provided herein, and such inability, failure or refusal is not cured within ten (10) days following Seller’s receipt of written notice
thereof from Purchaser, then Purchaser, as its sole and exclusive remedy, shall be entitled to either (i) terminate this Agreement by giving written notice to Seller, in which event Purchaser shall receive a full refund of the Deposits,
Purchaser shall deliver to Seller the Confidential Materials and the parties shall have no further rights or obligations hereunder, except for those which expressly survive any such termination, or (ii) seek specific performance of
Seller’s obligations hereunder. If Purchaser fails to commence an action for specific performance against Seller within ninety (90) days following the date Purchaser becomes aware of Seller’s default, Purchaser will be deemed to have
waived its right to seek specific performance hereunder. Purchaser’s remedies shall be limited to those specifically set forth herein and Purchaser hereby expressly waives and relinquishes any and all rights to pursue any other remedy available
at law or in equity. 

  

	 	(b)	 In the event of a default by Purchaser hereunder which is not cured within ten (10) days following
Purchaser’s receipt of written notice thereof from Seller, Seller’s Solicitors shall deliver the Deposits to Seller, and Seller shall be entitled, as its sole and exclusive remedy (other than with respect to Purchaser’s
indemnification obligations hereunder and Purchaser’s obligation to pay the Review Fee as set forth in Section 3 above), to retain the Deposits as full liquidated damages for such default of Purchaser, whereupon Purchaser shall deliver to
Seller the Confidential Information and this Agreement shall terminate and the parties shall have no further rights or obligations hereunder, except for those which expressly survive any such termination. Seller and Purchaser acknowledge and agree
that Seller’s damages in the event of a default by Purchaser hereunder would be difficult to ascertain and that the Deposits represent a fair estimate of such damages, and is not intended as a penalty. 

 

	 	(c)	 The terms of this Section 18 shall survive any termination of this Agreement. 

19. Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the Province
of Ontario and the laws of Canada applicable therein. 
 20. Waiver. Failure of either Purchaser or Seller to exercise any
right given hereunder or to insist upon strict compliance with regard to any term, condition or covenant specified herein, shall not constitute a waiver of Purchaser’s or Seller’s right to exercise such right or to demand strict compliance
with any term, condition or covenant under this Agreement. 

 21. Counterparts. This Agreement may be executed in several counterparts, each
of which may be deemed an original, and all of such counterparts together shall constitute one and the same Agreement. Furthermore, this Agreement may be executed and delivered by electronic transmission. The parties intend that electronic (e.g.,
..pdf format) signatures constitute original signatures and that an electronic copy or counterparts of this Agreement containing signatures (original or electronic) of a party is binding upon that party. 

22. Captions; Construction. All captions, headings, paragraph and subparagraph numbers and letters are solely for reference
purposes and shall not be deemed to be supplementing, limiting, or otherwise varying the text of this Agreement. The parties hereto hereby acknowledge and agree that (a) each party hereto is of equal bargaining strength, (b) each such
party has actively participated in the drafting, preparation and negotiation of this Agreement, (c) each such party has consulted with its own independent counsel, and such other professional advisors as it has deemed appropriate, relating to
any and all matters contemplated under this Agreement, (d) each such party and its counsel and advisors have reviewed this Agreement, (e) each such party has agreed to enter into this Agreement following such review and the rendering of
such advice and (f) any rule of construction to the effect that ambiguities are to be resolved against the drafting parties shall not apply in the interpretation of this Agreement, or any portions hereof, or any amendments hereto. 

23. Severability. The invalidity or unenforceability of a particular provision of this Agreement shall not affect the other
provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted. 
 24.
Time is of the Essence. Time is of the essence in all things pertaining to the performance of this Agreement. 
 25.
Entire Agreement. This Agreement, together with the following Exhibits attached hereto, and any other agreements, instruments and other documents herein contemplated to be entered into between, by or including the Seller and the
Purchaser constitute the entire agreement between the Seller and the Purchaser pertaining to the subject matter hereof and supersede all prior agreements, understandings, negotiations and discussions, whether oral or written, with respect thereto,
and there are no other warranties or representations and no other agreements between the Seller and the Purchaser in connection with the agreement of purchase and sale provided for herein except as specifically set forth in this Agreement or such
Exhibits: 
 Exhibit A – Legal Description of Original HD Parcel 

Exhibit A-1 – Legal Description of Property 

Exhibit A-2 – Registered Encumbrances 

Exhibit B – Existing Site Plan 

Exhibit C - Outlot Feasibility Report (for Carve Out transactions only) 

Exhibit D – HD Site Specifications 

Exhibit E – CORC (for Carve Out Transactions only 

 26. Successors and Assigns. All of the covenants and agreements in this
Agreement shall be binding upon the Seller and the Purchaser and their respective successors and assigns and shall enure to the benefit of and be enforceable by the Parties and their respective successors and their permitted assigns pursuant to the
terms and conditions of this Agreement. 
 27. Date for Performance. If the time period by which any right, option or election
provided under this Agreement must be exercised, or by which any act required hereunder must be performed, or by which the Closing must be held, expires on a Saturday, Sunday or legal or bank holiday, then such time period shall be automatically
extended through the close of business on the next regularly scheduled business day. 
 28. Date of Agreement. The submission
of this Agreement to Purchaser for examination or consideration does not constitute an offer to sell the Property, and this Agreement shall become effective, if at all, only upon the full execution and delivery thereof by Purchaser and Seller. The
“Effective Date” of this Agreement shall be the date upon which this Agreement has been executed and delivered by both Purchaser and Seller. 

29. No Registration. Purchaser may not register this Agreement or any notice or memorandum thereof against title to the Original
HD Parcel or any part thereof. Any such registration shall constitute a default by Purchaser hereunder. 
 30. Subdivision
Control. This Agreement shall be effective to create an interest in the Property only if the subdivision control provisions of the Planning Act RSO 1990 are complied with. 

31. Closing Arrangements. Closing will occur on the Closing Date pursuant to the terms of the DRA (as hereinafter
defined). In the event that the Teraview electronic registration system is operative and a transfer of the Property is capable of being registered electronically, Seller and Purchaser covenant and agree to cause their respective solicitors to enter
into a document registration agreement in the form adopted by the Joint LSUC-CBAO Committee on Electronic Registration of Title Documents on March 29, 2004, or any successor version thereto (the “DRA”) to govern the electronic
submission of the transfer for the Property to the applicable Land Registry Office. The DRA shall outline or establish the procedures and timing for completing all registrations electronically and provide for all closing documents and closing funds
to be held in escrow pending the submission of the Deed and any other instruments contemplated under this Agreement to the Land Registry Office and their acceptance by virtue of each registration document being assigned a registration number. The
DRA shall also provide that if there is a problem with the Teraview electronic registration system which does not allow the parties to electronically register all registration documents on Closing, the Closing Date shall be deemed to be extended
until the next day when the said system is accessible and operating for the Land Registry Office applicable to the Property. 

 32. Tender. Any tender of documents and notices of money hereunder may
be made upon Seller or Purchaser or upon the solicitor acting for the party on whom tender is desired. The tender of documents and notices of money hereunder may be made by the solicitor acting for the party tendering (upon appropriate authorization
by such party to its solicitor) to the other party and/or the other party’s solicitor. If electronic registration is mandatory in the Land Titles Office in which the Property is registered, it is expressly understood and agreed by the parties
hereto that an effective tender shall be deemed to have been made by either party (the “Tendering Party”) upon the other party (the “Receiving Party”) when the solicitor for the Tendering Party has completed, in
addition to all other requirements to effect a valid tender in accordance with the provisions of this Agreement and the DRA, all steps required by electronic registration in order to complete this transaction that can be performed or undertaken by
the Tendering Party’s solicitor without the cooperation or participation of the Receiving Party’s solicitor, and specifically when the Tendering Party’s solicitor has electronically “signed” the Deed and all other
instruments to be registered against title to the Property at the time of the Closing for completeness and granted “access” to the Receiving Party’s solicitor. 

33. FCPA. The following provisions shall apply to Purchaser to the extent Purchaser, on behalf of Seller, engages in, or engages
subcontractors to assist Purchaser. 
  

	 	(a)	 Purchaser shall comply with all applicable anti-bribery laws of Canada and the Province of Ontario, as well as
the applicable and substantive provisions of the U.S. Foreign Corrupt Practices Act 15 USC §78dd-1 et. seq. (“FCPA”), and any amendments thereto. 

 

	 	(b)	 Without limiting the foregoing, Purchaser, in exercising its rights or rendering services or performing its
covenants and obligations hereunder, has not and will not pay, offer, or promise to pay, or authorize the payment, directly or indirectly, through third persons or otherwise, of any monies or anything of value to any “government official”
(as defined in the FCPA) in a manner that is prohibited under the FCPA. For clarification, but without limiting the foregoing, prohibited payments include any payments for the purpose of corruptly influencing a decision or action of a foreign
governmental official to do or omit to do an act in violation of the lawful duty of such official. 

  

	 	(c)	 Purchaser shall not offer or make any payment, loan or transfer of value to any director, officer, employee,
subcontractor or agent of Seller or of its actual or potential customers or suppliers, or offer to make any payment, loan or transfer of value on behalf of Seller in connection with this Agreement that is prohibited by the FCPA or any other
applicable law, including, without limitation any payment, loan or transfer of value which is determined to be a legal violation of laws pertaining to bribery, extortion, kickbacks or other unlawful or improper means of obtaining or retaining
business. Purchaser will ensure that no commission or fee is paid by Purchaser to any third party in connection with this Agreement in violation of applicable laws. 

 

	 	(d)	 All expenses that pertain to the exercise by Purchaser of its rights, or Purchaser rendering services or
performing its covenants and obligations hereunder, shall be reported fully and accurately in the books and records of Purchaser in sufficient detail to explain the nature of any expenses and the recipients of those expenses and shall be maintained
by Purchaser as required by applicable law. 

	 	(e)	 To confirm compliance with the provisions of this Section, Purchaser shall, upon reasonable request, confirm in
writing as to compliance, answer in reasonable detail any questionnaires or other written or oral communications relating thereto from Seller, and make copies of its records related to any payment, loan or transfer of value made to a third party
which is directly attributable to the exercise by Purchaser of its rights, or Purchaser rendering services or performing its covenants and obligations hereunder. 

 

	 	(f)	 In the event that there has been a breach of this Section, Seller may immediately terminate this Agreement
without any obligation to provide prior notice, and seek to recover any damages to which Seller may be entitled, subject to the terms of this Agreement. Purchaser agrees that Seller shall be under no obligation to reimburse any payment, loan or
transfer of value which was made in breach of this Section, nor any other fees or expenses which Purchaser may have incurred in connection with such a payment, loan or transfer of value. 

 

	 	(g)	 Purchaser agrees that it shall be bound by, and shall use best efforts to ensure that the consultants,
contractors and other third parties engaged by Purchaser to assist Purchaser in the exercise by Purchaser of its rights, or rendering services or performance by Purchaser of its covenants and obligations under this Agreement, agree to the covenants,
agreements and undertakings set forth in this Section 33. 

 34. Irrevocability. This Agreement shall
be irrevocable by the Purchaser until 4:00 PM on the eighth (8th) business day following the execution and delivery of this Agreement by the Purchaser, after which time, if not accepted, this
offer shall be null and void. 
 -remainder of page intentionally left blank/signature page to follow- 

 IN WITNESS WHEREOF, each of Purchaser and Seller has caused this Agreement to be
executed by its duly authorized signatory as of the dates referenced below. 
  

			
	SELLER:
	
	HOME DEPOT HOLDINGS INC.

 
			
		
	By:	 	/s/ Suzanne Russo

 
			
	Name:	 	Suzanne Russo
	Title:	 	Assistant General Counsel

 Date of Execution by Seller: August 28, 2020 

 

			
	PURCHASER:
	
	SST II ACQUISITIONS, LLC

 
			
		
	By:	 	/s/ Michael S. McClure

 
			
	Name:	 	Michael S. McClure
	Title:	 	CEO

 Date of Execution by Purchaser: September 1, 2020

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