Document:

EX-10.12

 EXHIBIT 10.12 

PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT, made as of December 1, 2020 (the “Agreement Date”), by and between REDMOND CREATIVE, LLC, a Delaware
limited liability company (“Seller”), and INVESCO ADVISERS, INC., a Delaware corporation (“Buyer”), 
 W I
T N E S S E T H: 
 In consideration of the covenants in this Agreement, Seller and
Buyer agree as follows: 
 ARTICLE 1 

Purchase and Sale 
 1.1
The Property. Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, in accordance with this Agreement, the following: 

(a) the real property commonly known as 9805 Willows Road NE, Redmond, Washington, APN #943005-0040-08,
together with the improvements on such real property and the easements and rights appurtenant to such real property, as more particularly described on Exhibit A attached hereto (collectively, the “Real Property”); 

(b) Seller’s interest in that certain Lease dated November 8, 2019 (the “Lease”) by and among Seller, as landlord, and
Facebook Technologies, LLC, a Delaware limited liability company (“Tenant”), and that certain Guaranty of Lease dated November 8, 2019, executed by Facebook, Inc., a Delaware corporation (“Guarantor”); 

(c) Seller’s interest in all furnishings, furniture, equipment, supplies, and other personal property as are owned by Seller and are
currently located in, on, or about and are used exclusively for the operation of the Real Property (collectively, the “Personal Property”); and 

(d) Seller’s interest in all intangible property owned by Seller and used in connection with the Real Property and Personal Property,
including all trademarks and trade names used in connection with the Property, all plans and specifications, if any, in the possession of Seller which were prepared in connection with the construction of the Improvements and all licenses, permits
and warranties now in effect with respect to the Property to the extent assignable (collectively, the “Intangible Property”) but excluding (but subject to the terms set forth in this Agreement) (i) any rights of Seller against third
parties including, without limitation, Tenant, with respect to the period prior to Closing, and (ii) the rights of Seller to rents and other income from Tenant and other third parties for the period prior to the Closing Date. Notwithstanding
the foregoing, in the event any warranty is not assignable, Seller shall reasonably cooperate with Buyer to have such warranty assigned to Buyer at no cost to Seller, and further provided that any such assignment shall not be a condition to
Buyer’s closing obligations hereunder. 
 All of the foregoing assets and properties to be acquired by Buyer pursuant to this Agreement are
collectively referred to in this Agreement as the “Property.” 

 1.2 Property Approval Period. 

(a) During the period from the Agreement Date to December 4, 2020 (the “Property Approval Period”), Buyer shall, at Buyer’s
expense, review and investigate the physical and environmental condition of the Property, the character, quality and general utility of the Property, the zoning, land use, environmental and building requirements and restrictions applicable to the
Property, the state of title to the Real Property, the Lease and the other Property. Buyer shall be responsible for obtaining and paying the cost of any survey of the Property required by Buyer. Buyer shall determine whether or not the Property is
acceptable to Buyer within the Property Approval Period. If, during the Property Approval Period, Buyer determines that the Property is acceptable in Buyer’s sole and absolute discretion, then Buyer shall have the right, by giving notice to
Seller on or before the last day of the Property Approval Period, to elect to proceed to Closing in accordance with, and subject to, the terms and conditions set forth in this Agreement (the “Go Forward Notice”). If Buyer fails to timely
deliver the Go Forward Notice in accordance with this Section 1.2(a), this Agreement shall terminate as of the expiration of the Property Approval Period, in which event the Deposit (as hereinafter defined), less the cost of canceling the
Escrow (as hereinafter defined), shall be returned to Buyer. If Buyer timely delivers the Go Forward Notice in accordance with this Section 1.2(a), this Agreement shall continue in full force and effect, Buyer shall have no further right to
terminate this Agreement pursuant to this Section 1.2(a), and the Deposit shall become non-refundable except as otherwise provided in this Agreement. 

(b) Buyer and Seller acknowledge and agree that Seller has provided Buyer with copies of all documents and other information described on
Schedule 1 attached hereto through an online data room established and populated by Seller and made available to Buyer (the “Data Room”). In addition, during the Property Approval Period, Seller shall permit Buyer
and Buyer’s representatives to inspect and copy the files of Seller relating to the condition and use of the Property as reasonably requested by Buyer. The documents provided to Buyer during the Property Approval Period pursuant to this
Section 1.2(b) shall be referred to herein as the “Due Diligence Documents.” Notwithstanding the foregoing, in no event shall Seller be required to provide Buyer with any of the following items: (1) appraisal and valuation
reports and information, (2) any documents, materials or information which are subject to attorney/client, work product or similar privilege or which constitute attorney communications with respect to the Property, (3) any confidential or
proprietary information and communications, (4) any documents pertaining to the marketing of the Property for sale to prospective purchasers, (5) any internal memoranda, reports or assessments of Seller or Seller’s affiliates to the
extent relating to Seller’s valuation of the Property or interpretation of any agreements, contracts or third party reports pertaining to the Property, or (6) any materials projecting or relating to the future performance of the Property.
Buyer hereby acknowledges that Seller has not made and does not make any warranty or representation, express or implied, regarding the truth or accuracy of any of the documents, materials or information provided to or made available to Buyer or the
source thereof, except as otherwise provided in this Agreement. Seller has not undertaken any independent investigation as to the truth or accuracy of any of such documents, materials or information and is providing the same solely as an
accommodation to Buyer. Seller shall have no liability as a result of providing or making available to Buyer such documents, materials or information or as a result of Buyer’s reliance thereon, except as otherwise provided in this Agreement.

 (c) During the term of this Agreement, Buyer and its agents, contractors, subcontractors, consultants, employees, engineers, legal counsel
and other authorized representatives of Buyer who shall inspect, investigate, test or evaluate the Property on behalf of Buyer (collectively, “Licensee Parties”) shall have reasonable access to the Property at agreed upon times during
normal business hours for agreed upon purposes on at least one (1) business day’s prior notice to Seller. Such notice shall describe the scope of the studies Buyer intends to conduct during Buyer’s access to the Property. Seller shall
have the right to have a representative present during any visits to or inspections of 

  
 -2- 

 
the Property or interviews with Tenant. If Buyer desires to conduct any physically intrusive studies such as, but not limited to, sampling of soils or the like (“Inspection”), Buyer
will identify in writing the procedures Buyer desires to perform and shall request Seller’s express written consent thereto, which consent may be withheld in Seller’s sole discretion. The Inspection will be at Buyer’s sole cost and
expense and will be conducted in a manner and by Licensee Parties reasonably acceptable to Seller. Should Buyer choose to conduct such an investigation at the Property, then Buyer shall promptly cause to be removed any mechanics’ liens that may
be recorded against the Property on account of the performance of work or activities by or for Buyer, at Buyer’s sole cost and expense. Buyer and any Licensee Parties will: (i) maintain commercial general liability (occurrence) insurance
providing minimum limits of liability of One Million Dollars ($1,000,000) per occurrence, Two Million Dollars ($2,000,000) aggregate, with an umbrella excess liability policy in minimum amount of Five Million Dollars ($5,000,000) per occurrence and
aggregate, covering any occurrence arising in connection with the presence of Buyer or the Licensee Parties on the Property, and deliver to Seller a certificate of insurance, which names Seller as an additional insured thereunder, verifying such
coverage prior to entry upon the Property; (ii) promptly pay when due the costs of all entry and inspections and examinations done with regard to the Property; and (iii) restore the Property to the condition in which the same was found
before any such entry, inspection or examination was undertaken to the extent such condition was altered by Buyer or the Licensee Parties. 

(d) Seller acknowledges Buyer may desire to (x) discuss or otherwise inquire about matters related to the Property with various
governmental entities and utilities and other third parties, and (y) conduct a customary tenant interview with Tenant (such third parties and Tenant are, collectively, the “Third Parties”). In this regard, Buyer is permitted to
contact all necessary Third Parties, and discuss Due Diligence Items with such Third Parties (subject to Buyer’s confidentiality obligations hereunder and in any confidentiality agreement signed by Buyer in connection with its investigations of
the Property); provided, however, that Buyer shall first provide Seller with written notice and a reasonable opportunity to be present at such contact or discussions at a time and location reasonably convenient to Seller. With respect to discussions
with Tenant, (i) Buyer shall give Seller not less than two (2) business days prior notice of its desire to meet with Tenant; (ii) Seller shall arrange the meeting with Tenant, and Buyer shall have no right to contact Tenant directly;
(iii) Buyer shall not disclose to Tenant any of the terms or conditions which are set forth in this Agreement; (iv) Seller shall have the right to have a representative present at all times during each meeting with Tenant; and
(v) Buyer shall not enter into any agreement with or make any commitment of any nature whatsoever to Tenant that would in any way be binding upon Seller. 

(e) Buyer shall indemnify and defend Seller against and hold Seller harmless from all claims, demands, liabilities, losses, damages, costs and
expenses, including reasonable attorneys’ fees and disbursements, arising from any entry on the Property by Buyer or any of the Licensee Parties; provided, however, such indemnification obligation shall not be applicable to
(i) Buyer’s mere discovery of any pre-existing adverse physical condition at the Property, except to the extent Buyer and/or Buyer’s agents, employees, contractors or consultants aggravate such pre-existing condition, or (ii) the negligence or willful misconduct of Seller, or any agent, contractor, or employee of Seller, in connection with Buyer’s entry on, or Buyer’s inspections,
investigations or tests conducted at, the Property. The foregoing covenant shall survive any termination of this Agreement. 

  
 -3- 

 ARTICLE 2 

Purchase Price 
 2.1
Amount and Payment. 
 (a) The total purchase price for the Property shall be Thirty-Nine Million Dollars ($39,000,000.00) (the
“Purchase Price”). At the Closing (as hereinafter defined) on the Closing Date (as hereinafter defined), Buyer shall pay the Purchase Price for the Property to Seller through Escrow
No. NCS-1032303 (the “Escrow”) established with First American Title Insurance Company, 1737 North First Street, Suite 500, San Jose, California 95112, Attn: Carol Herrera, Phone: 408-451-7829, Email: cmherrera@firstam.com (the “Title Company”), in Current Funds subject to adjustments and prorations as provided in this Agreement. 

(b) As used in this Agreement, “Current Funds” means wire transfers, certified funds, or cashier’s checks in a form
acceptable to the Title Company that would permit the Title Company to immediately disburse such funds. 
 (c) At Buyer’s option, the
Purchase Price shall be reduced by an amount equal to the Undisbursed Allowance in accordance with Section 8.4(c) of this Agreement. 

2.2 Deposit. 
 (a) Within
two (2) business days following the Agreement Date, Buyer shall deposit into the Escrow the sum of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00) (the “Deposit”), in Current Funds with the Title Company. The Deposit
shall be held by the Title Company in an interest-bearing account and all interest thereon shall become part of the Deposit. 
 (b) If
Buyer delivers the Go Forward Notice pursuant to Section 1.2(a) above on or before the expiration of the Property Approval Period, then Buyer shall deposit in Escrow an additional amount of One Million Two Hundred Fifty Thousand Dollars
($1,250,000.00) (the “Additional Deposit”) in Current Funds within one (1) business day after the expiration of the Property Approval Period. If and when the Additional Deposit is deposited by Buyer into Escrow as provided hereunder,
then all references herein to the “Deposit” shall refer, collectively, to the initial Deposit pursuant to Section 2.2(a) plus the Additional Deposit, and all interest earned thereon. 

(c) If Seller and Buyer complete the purchase and sale of the Property in accordance with this Agreement, the Deposit shall be applied to
payment of the Purchase Price for the Property in accordance with Section 2.1 hereof. If the purchase and sale of the Property is not so completed and this Agreement terminates following the expiration of the Property Approval Period for any
reason other than a default by Seller hereunder or a termination of this Agreement pursuant to Sections 6.2, 6.3, or 7.2 hereof, then the Deposit shall be paid to Seller. If the purchase and sale of the Property is not so completed and this
Agreement terminates due to a default by Seller hereunder or a termination of this Agreement pursuant to Sections 6.2, 6.3, or 7.2 hereof, then the Deposit shall be returned to Buyer upon such termination of this Agreement. 

(d) If Buyer fails to timely deposit into the Escrow any portion of the Deposit within the time periods required, then Buyer shall be deemed in
default under this Agreement, Seller may terminate this Agreement by written notice to Buyer at any time prior to the date on which Buyer deposits such portion of the Deposit, Seller shall be entitled to retain any portion of the Deposit previously
placed into Escrow by Buyer, and the parties shall have no further rights or obligations under this Agreement, except for rights and obligations that, by their terms, survive the termination of this Agreement. 

  
 -4- 

 2.3 Independent Consideration. A portion of the amount deposited by Buyer pursuant to
Section 2.1(a), in the amount of One Hundred Dollars ($100) (the “Independent Consideration”) shall be earned by Seller upon execution and delivery of this Agreement by Seller and Buyer as consideration for Buyer’s right to
purchase the Property and for Seller’s execution, delivery and performance of this Agreement. The Independent Consideration is in addition to and independent of any other consideration or payment provided for in this Agreement, is non-refundable and shall be retained by Seller notwithstanding any other provision of this Agreement. The Independent Consideration shall be disbursed by the Title Company to Seller immediately following
Buyer’s deposit thereof with the Title Company. In all instances under this Agreement in which Buyer elects to terminate or is deemed to have terminated this Agreement and the Deposit is returned to Buyer, Seller shall retain the Independent
Consideration when the Deposit is returned to Buyer. In the event the transactions contemplated hereby are consummated, then the Independent Consideration shall be applicable toward the Purchase Price. 

2.4 Buyer’s Default. 

(a) If, on or before Closing (i) Buyer is in default of any of its obligations hereunder (other than Buyer’s obligations to deliver
the documents and funds at Closing in accordance with Section 8.1 (for which there will be no notice or cure period)), or (ii) any of Buyer’s representations or warranties are, in the aggregate, untrue, inaccurate or incorrect in any
material respect, and any such circumstance described in any of the foregoing clauses (i) or (ii) continues for three (3) business days after written notice from Seller to Buyer, then Seller shall have the right to terminate this
Agreement by written notice to Buyer. 

  
 -5- 

 (b) IF THIS AGREEMENT IS TERMINATED BY SELLER AS PROVIDED IN
SECTION 2.4(A) ABOVE, THE DEPOSIT SHALL BE PAID TO AND RETAINED BY SELLER AS LIQUIDATED DAMAGES AND AS SELLER’S SOLE REMEDY FOR SUCH BREACH OR DEFAULT AND NEITHER PARTY SHALL HAVE ANY OBLIGATION TO THE OTHER HEREUNDER, EXCEPT
FOR PROVISIONS OF THIS AGREEMENT WHICH EXPRESSLY STATE THEY SURVIVE THE TERMINATION OF THIS AGREEMENT. BUYER AND SELLER HEREBY REPRESENT AND AGREE (I) THAT EACH PARTY HAS CAREFULLY CONSIDERED THE REASONABLE RANGE OF ACTUAL DAMAGES
THAT COULD BE ANTICIPATED FROM A FUTURE BREACH OR DEFAULT BY BUYER UNDER THIS AGREEMENT, (II) BY REASON OF EACH PARTY’S BUSINESS EXPERIENCE IN INVESTING IN REAL ESTATE TRANSACTIONS (1) GIVEN THE CURRENT
ACTIVE STATE OF THE REAL ESTATE MARKET AND THE POSSIBLE MARKET EVENTS THAT MAY OR MAY NOT OCCUR BETWEEN THE DATE HEREOF AND THE CLOSING DATE, IT IS EXTREMELY DIFFICULT AND IMPRACTICABLE TO DETERMINE ACTUAL DAMAGES FOR A FUTURE BREACH OR DEFAULT BY
BUYER UNDER THIS AGREEMENT, (2) THEY ARE AWARE OF AND ACCEPT THE RISKS AND BENEFITS OF AGREEING TO LIQUIDATED DAMAGES IN A REAL ESTATE CONTRACT, (3) THEY EACH HAVE THE REAL ESTATE EXPERTISE AND RESOURCES TO
EVALUATE AND NEGOTIATE THE FAIR AND REASONABLE AMOUNT OF SUCH LIQUIDATED DAMAGES AND AGREE THE DEPOSIT AMOUNT HAS BEEN NEGOTIATED AT ARMS’ LENGTH BY THE PARTIES AND THEIR ATTORNEYS AS A FAIR AND REASONABLE AMOUNT OF ESTIMATED DAMAGES TO SELLER
IN THE EVENT OF BUYER DEFAULT OR BREACH, AND (III) BUYER AND SELLER HAVE EACH BEEN REPRESENTED BY SOPHISTICATED COUNSEL IN THE PREPARATION AND NEGOTIATION OF THIS AGREEMENT AND LIQUIDATED DAMAGES PROVISION. AFTER CAREFUL
CONSIDERATION AND OPPORTUNITY TO DISCUSS WITH COUNSEL, SELLER AND BUYER AGREE, BY PLACING THEIR INITIALS BELOW, THAT THE DEPOSIT AND ALL INTEREST THEREON IS A REASONABLE ESTIMATE OF THE DAMAGES THAT WILL BE INCURRED BY SELLER IF, AND CONSTITUTES A
REASONABLE AMOUNT OF LIQUIDATED DAMAGES IN THE EVENT THAT, BUYER DEFAULTS UNDER OR BREACHES THIS AGREEMENT AND FAILS TO PURCHASE THE PROPERTY IN ACCORDANCE WITH THIS AGREEMENT. THE PAYMENT OF SUCH AMOUNT AS LIQUIDATED DAMAGES IS NOT INTENDED AS A
FORFEITURE OR PENALTY, BUT IS INTENDED TO CONSTITUTE LIQUIDATED DAMAGES TO SELLER. WITHOUT LIMITATION OF THE FOREGOING, THE DEPOSIT SHALL BE THE FULL, AGREED AND LIQUIDATED DAMAGES PURSUANT TO SECTION 64.04.005 OF THE REVISED CODE
OF WASHINGTON. NOTHING IN THIS SECTION SHALL PRECLUDE THE RECOVERY OF REASONABLE ATTORNEYS’ FEES OR OTHER ACTUAL OUT-OF-POCKET THIRD PARTY COSTS PURSUANT TO
SECTION 9.2 INCURRED BY SELLER IN ENFORCING THIS AGREEMENT OR LIMIT THE EFFECTIVENESS OF THE PROVISIONS OF SECTION 2.4(C) BELOW OR THE INDEMNIFICATION OBLIGATIONS OF BUYER UNDER THIS AGREEMENT. THE PARTIES HAVE
SET FORTH THEIR INITIALS BELOW TO INDICATE THEIR AGREEMENT WITH THE LIQUIDATED DAMAGES PROVISION CONTAINED IN THIS SECTION 2.4(B). 
  

					
	             /s/
BH              
 SELLER’S INITIALS
	 		  	             /s/
JG              
 BUYER’S INITIALS

  
 -6- 

 (c) IF SELLER TERMINATES THIS AGREEMENT PURSUANT TO A RIGHT GIVEN TO IT HEREUNDER AND
BUYER TAKES ANY ACTION WHICH INTERFERES WITH SELLER’S ABILITY TO SELL, EXCHANGE, TRANSFER, LEASE, DISPOSE OF OR FINANCE THE PROPERTY OR TAKE ANY OTHER ACTIONS WITH RESPECT THERETO (INCLUDING, WITHOUT LIMITATION, THE FILING OF ANY LIS
PENDENS OR OTHER FORM OF ATTACHMENT AGAINST THE PROPERTY), THEN NOTWITHSTANDING SECTION 2.4(B) ABOVE, SELLER’S REMEDIES SHALL INCLUDE, BUT SHALL NOT BE LIMITED TO, THOSE DESCRIBED IN SECTION 2.4(B) ABOVE,
AND THE NAMED BUYER (AND ANY PERMITTED ASSIGNEE OF BUYER’S INTEREST HEREUNDER) SHALL ALSO BE LIABLE FOR ALL LOSS, COST, DAMAGE, LIABILITY OR EXPENSE (INCLUDING, WITHOUT LIMITATION, REASONABLE ATTORNEYS’ FEES, COURT COSTS AND DISBURSEMENTS
AND CONSEQUENTIAL DAMAGES) INCURRED BY SELLER BY REASON OF SUCH ACTION TO CONTEST BY BUYER. 
  

					
	             /s/
BH              
 SELLER’S INITIALS
	 		  	             /s/
JG              
 BUYER’S INITIALS

  
 -7- 

 ARTICLE 3 

Completion of Sale 
 3.1
Place and Date. The purchase and sale of the Property shall be completed in accordance with Article 8 hereof (the “Closing”). The Closing shall occur through the Escrow at the Title Company’s office located at 1737 North
First Street, Suite 500, San Jose, CA 95112, on the following dates: (i) the parties shall “pre-close” by depositing fully-executed originals of all closing deliverables hereunder (including,
without limitation, closing statements with final prorations), on December 22, 2020 (the “Pre-Closing Date”), and (ii) the parties shall conduct the final closing on December 29, 2020
or December 30, 2020, as reasonably agreed to by the parties (the “Closing Date”), or at such other place or on such other date as Seller and Buyer agree in writing; provided, that if such date falls on a Saturday, Sunday or holiday,
the Closing Date shall occur on the following business day. The parties acknowledge and agree that as of the Pre-Closing Date, the intention is that they shall be fully closed “in escrow,” with the
exception only of the obligation for the Buyer to fund the balance of the Purchase Price, the Title Company to record the Deed and any other recordable instruments, and the Title Company to release the proceeds to the Seller and any other applicable
parties as set forth on the closing statement. 
 3.2 Escrow Instructions. The Escrow and Closing Instructions attached hereto as
Addendum A shall serve as instructions to the Title Company for consummation of the purchase and sale of the Property pursuant to this Agreement. The parties shall execute such additional instructions or documentation as is reasonably requested by
the Title Company to consummate the transactions contemplated herein. 
 ARTICLE 4 

Title and Condition 
 4.1
Title to the Real Property. Buyer acknowledges that Seller has provided to Buyer that certain Preliminary Report dated September 24, 2020, Order No. NCS-1032303 (the “Title Report”),
prepared by the Title Company, together with copies of all title exception documents shown on the Title Report. Seller shall convey title to the Property to Buyer by a duly executed and acknowledged Special Warranty Deed (the “Deed”) in
the form attached hereto as Exhibit B, subject to the following (the “Permitted Exceptions”): (a) all matters affecting title shown in the Title Report other than Required Removal Exceptions, (b) matters which would be
shown on an accurate ALTA survey of the Property or by a physical inspection of the Property, (c) taxes and assessments which are not yet due and payable as of the Closing Date, and (d) any other matters created, permitted or approved by
Buyer. “Required Removal Exceptions” shall mean, collectively, the following: (A) any voluntary liens entered into by Seller and evidencing monetary encumbrances (other than liens for real estate taxes or assessments not yet due and
payable, which shall be prorated in accordance with this Agreement) (“Monetary Liens”); or (B) any and all liens or encumbrances (excluding Monetary Liens) entered into by Seller after the Agreement Date in violation of this
Agreement. If this Agreement is not terminated by Buyer in accordance with the provisions hereof, Seller shall, at Closing, remove or cause to be removed any Required Removal Exceptions. Seller may use any portion of the Purchase Price to satisfy
any Required Removal Exceptions that exist as of the Closing Date, provided such payment causes the Title Company to remove the same at Closing. Buyer’s acceptance of the Deed from Seller for the Property at the Closing on the Closing Date and
the issuance of the Title Policy (as hereinafter defined) to Buyer by the Title Company on the Closing Date shall conclusively establish that Seller conveyed the Property to Buyer as required by this Agreement. 

  
 -8- 

 4.2 Condition of the Property. 

(a) By Buyer electing to deliver the Go Forward Notice under Section 1.2(a) above, Buyer will be deemed to have acknowledged and agreed
that it has been given a full opportunity to inspect and investigate each and every aspect of the Property, either independently or through agents of Buyer’s choosing. Such examination of the physical condition of the Property shall include an
examination for the presence or absence of Hazardous Materials, as defined below, which shall be performed or arranged by Buyer (subject to the provisions of Section 1.2 hereof) at Buyer’s sole expense. 

(b) EXCEPT AS SET FORTH IN THIS AGREEMENT, THE CLOSING DOCUMENTS, BUYER SPECIFICALLY ACKNOWLEDGES AND AGREES THAT SELLER IS SELLING AND BUYER
IS PURCHASING THE PROPERTY ON AN “AS IS WITH ALL FAULTS” BASIS AND THAT BUYER IS NOT RELYING ON ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED, FROM SELLER, ANY SELLER RELATED PARTIES, OR THEIR AGENTS
OR BROKERS, OR ANY OTHER PERSON ACTING OR PURPORTING TO ACT ON BEHALF OF SELLER, AS TO ANY MATTERS CONCERNING THE PROPERTY, INCLUDING the following matters with respect to the Property (collectively, the “Property Condition”): (i) the
quality, nature, adequacy and physical condition and aspects of the Property, including, but not limited to, the structural elements, seismic aspects of the Property, foundation, roof, appurtenances, access, landscaping, parking facilities and the
electrical, mechanical, HVAC, plumbing, sewage, and utility systems, facilities and appliances, the square footage within the improvements on the Property and within each tenant space therein, (ii) the quality, nature, adequacy, and physical
condition of soils, geology and any groundwater, (iii) the existence, quality, nature, adequacy and physical condition of utilities serving the Property, (iv) the development potential of the Real Property, including, without limitation,
the status of all permits, approvals and entitlements with respect to the Real Property, the status of any development or use rights respecting the Real Property, and the availability of permits, licenses and approvals respecting the development of
the Real Property, (v) the Property’s use, habitability, merchantability, or fitness, suitability, value or adequacy of the Property for any particular purpose, or the economic or engineering feasibility of the development of the Property
that may be contemplated by Buyer; (vi) the zoning or other legal status of the Property or any other public or private restrictions on use of the Property, (vii) the compliance of the Property or its operation with any applicable codes,
laws, regulations, statutes, ordinances, covenants, conditions and restrictions of any governmental or quasi-governmental entity or of any other person or entity, (viii) the presence of Hazardous Materials on, under or about the Property or the
adjoining or neighboring property, (ix) the quality of any labor and materials used in any improvements on the Property, (x) the condition of title to the Property, (xi) the Lease or other documents or agreements affecting the
Property, or any information contained in any rent roll furnished to Buyer for the Property, (xii) the value, economics of the operation or income potential of the Property, or (xiii) any other fact or condition which may affect the
Property, including without limitation, the physical condition, value, economics of operation or income potential of the Property. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, SELLER SHALL HAVE NO LIABILITY WITH RESPECT TO THE CONDITION OF THE
PROPERTY UNDER COMMON LAW, OR ANY FEDERAL, STATE, OR LOCAL LAW OR REGULATION, INCLUDING BUT NOT LIMITED TO THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT OF 1980 AS AMENDED, 42 U.S.C.A. SECTIONS 9601 ET SEQ., OR APPLICABLE
WASHINGTON LAW, AND BUYER HEREBY RELEASES AND WAIVES ANY AND ALL CLAIMS WHICH THE BUYER HAS OR MAY HAVE AGAINST THE SELLER WITH RESPECT TO THE CONDITION OF THE PROPERTY. 

  
 -9- 

 (c) Buyer further acknowledges and agrees that, except for any express representations,
warranties or agreements made by Seller in this Agreement or in any closing document, neither Seller nor any of Seller’s employees, agents or representatives have made any statements or representations, express or implied, by or on behalf of
Seller as to any matters concerning the Property Condition. Except as otherwise expressly set forth in this Agreement or in any closing document, Seller disclaims any and all such statements and representations, and Buyer agrees that any inaccuracy
or deficiency in information, advice or documents given to Buyer shall be solely the responsibility and risk of Buyer and shall not be chargeable in any respect to Seller. Except as expressly set forth in this Agreement or in any closing document,
Buyer acknowledges that it is not relying on any statement or representation, whether express or implied, oral or written, that has been made or that in the future may be made by Seller or any of Seller’s employees, agents, attorneys or
representatives concerning the Property Condition. 
 4.3 Release and Assumption of Liabilities. 

(a) Except as set forth in this Agreement or in any closing document, upon Closing, Buyer shall assume the risk that Property Conditions may
not have been revealed by Buyer’s investigations. The release and waiver of claims set forth below shall be referred to as the “Release.” Except as set forth in this Agreement, upon the Closing, Buyer, on its own behalf and on behalf
of each of its successors and assigns and the Buyer Representatives and each and all of its and their respective members, partners, officers, directors, employees, parents, affiliates and subsidiaries, and each of their respective successors and
assigns (collectively, “Waiver Parties”), releases Seller and its respective members, partners, affiliates, parent business organizations, subsidiary business organizations, shareholders, officers, directors, agents, employees, attorneys
and representatives and their respective successors and assigns (collectively, “Released Parties”), from, and waives any and all liability, claims, demands, damages and costs (including attorneys’ fees and expenses) of any and every
kind or character, known or unknown, for, arising out of, or attributable to, any and all Property Conditions, including, without limitation, any and all actual, threatened or potential claims, claims for contribution under Environmental Laws (as
defined below), suits, proceedings, actions, causes of action, demands, liabilities, losses, obligations, orders, requirements or restrictions, liens, penalties, fines, charges, debts, damages, costs, and expenses of every kind and nature, whether
now known or unknown, whether foreseeable or unforeseeable, whether under any foreign, federal, state or local law (both statutory and non-statutory), and, whether asserted or demanded by a third party against
any of the Waiver Parties or incurred directly or indirectly by any of the Waiver Parties themselves, that any of the Waiver Parties may now or hereafter have against any of the Released Parties, and that arise in connection with or in any way are
related to (i) the physical condition of the Property, the financial condition of the Property, the status of entitlements to develop of the Property, the value of the Property, the status of the Lease or of Tenant thereunder, the ownership,
management or operation of the Property, including any claim or demand by Tenant for the refund or return of any security deposit or other deposit, or the accuracy or completeness of any information reviewed by Buyer in connection with its
investigations of the Property and which may have been relied upon by Buyer in deciding to purchase the Property, including, without limitation, the development potential of the Property, (ii) any Handling (as defined below) of any Waste
Materials (defined below) or Hazardous Materials (as defined below) at, beneath, to, from, or about the Property, (iii) any compliance or non-compliance with Environmental Laws regarding any Waste
Materials, Hazardous Materials or any Handling related thereto at, beneath, to, from, or about the Property, (iv) any acts, omissions, services or other conduct related to any of the foregoing items “(i)” through “(iii),”
inclusive, and/or (v) any condition, activity, or other matter respecting the Property that is not addressed by any of the foregoing items “(i)” through “(iv),” inclusive, and that is related to pollution or protection of
the environment, natural resources, or public health. Buyer acknowledges that any condition of the Property that Buyer discovers or desires to correct or improve prior to or after the Closing Date shall be at Buyer’s sole expense. This Release
shall survive the close of escrow and the recording of the Deed conveying the Property from Seller to Buyer. 

  
 -10- 

 (b) Intentionally Omitted. 

(c) Buyer, on its own behalf and on behalf of the Waiver Parties, covenants and agrees never to sue or otherwise commence or prosecute any
action or other proceeding against any of the Released Parties, for a claim released pursuant to this Agreement. The parties hereto agree that this Section 4.3(c) (the “Covenant Not to Sue”) may be pleaded by a Released Party as a
full and complete defense to any action or proceeding by a Waiver Party that is contrary to the terms of the Release and may be asserted as a basis for abatement of, or injunction against, said action or proceeding and as a basis for a
cross-complaint for damages therein. If a Waiver Party breaches the Covenant Not to Sue, any Released Party damaged thereby shall be entitled to recover from such Waiver Party not only the amount of any judgment which may be awarded in favor of such
damaged Released Party, but also for such other actual damages, costs, and expenses as may be incurred by such damaged Released Party, including court costs, reasonable attorneys’ fees and all other costs and expenses, taxable or otherwise, in
preparing the defense of, defending against, or seeking and obtaining abatement of, or injunction against, such action or proceeding, and establishing and maintaining the applicability of the Release and this Covenant Not to Sue. This Covenant Not
to Sue shall survive the Closing and the recording of the Deed conveying the Property from Seller to Buyer. 
 (d) By accepting the Deed,
Buyer shall thereby assume and take responsibility and liability for the following: (i) any and all conditions, losses, costs, damages, claims, liabilities, expenses, demands or obligations of any kind or nature whatsoever (collectively,
“Liabilities”) attributable to the Property to the extent that the same arise or accrue on or after the Closing and are attributable to events or circumstances which arise or occur on or after the Closing; (ii) any and all Liabilities
to the extent they relate to the structural, physical or environmental condition of the Property, whether such Liabilities are latent or patent, whether the same arise or accrue before, on or after the Closing, and whether the same are attributable
to events or circumstances which may arise or occur before, on or after the Closing, including, without limitation, all Liabilities with respect to Hazardous Materials; (iii) any and all Liabilities that arose or accrued prior to the Closing or
are attributable to events which arose or occurred prior to the Closing, but only if Buyer is deemed to know about the same on or before the Closing (other than fines or penalties imposed against Seller by governmental agencies relating to the acts
or omissions of Seller that occurred prior to Closing); and (iv) any and all Liabilities with respect to which Buyer receives a credit at Closing. Buyer acknowledges and agrees that the Liabilities to be assumed by Buyer pursuant to each of the
foregoing clauses are intended to be independent of one another, so Buyer shall assume Liabilities described in each of the clauses even though some of those Liabilities may be read to be excluded by another clause. Notwithstanding the foregoing,
(1) any tort claims brought with respect to the Property, to the extent that the same arises or accrues as a result of any injury that arose or occurred prior to the Closing, shall not be assumed by Buyer as a result of the foregoing provisions
unless the same are caused by the acts or omissions of Buyer or any of the Waiver Parties, and (ii) Buyer shall not assume any contractual liabilities of Seller other than those specifically assumed by Buyer in this Agreement or in any of the
documents delivered by Buyer at Closing. Notwithstanding any provision this Section 4.3(d) to the contrary, the releases, waivers and assumptions set forth in this Section 4.2(d) shall not be construed as an indemnification by Buyer for
the benefit of Seller for any Liabilities arising or accruing prior to Closing. 
 (e) Notwithstanding the foregoing, the waivers and
releases set forth in this Article 4 shall not relieve Seller of its liability for (i) any breach of Seller’s express representations and warranties contained in this Agreement and/or documents executed and delivered by Seller at or
contemporaneously with the Closing, (ii) any breach by Seller of its covenants in this Agreement, or (iii) third party claims arising out of matters occurring prior to the Closing Date on or about the Real Property and caused, in whole or
in part, by the acts or omissions of Seller. 

  
 -11- 

 (f) As used in this Agreement, the following terms have the following definitions: 

(i) “Environmental Laws” means any applicable federal, state or local law, statute, regulation, rule, ordinance, permit,
prohibition, restriction, license, requirement, agreement, consent, or approval, or any determination, directive, judgment, decree or order of any executive, administrative or judicial authority at any federal, state or local level (whether now
existing or subsequently adopted or promulgated) relating to pollution or the protection of the environment, natural resources or public health and safety. 

(ii) “Handling” means, at any time and to any extent and in any manner whatsoever, any presence of or any handling, storing,
transferring, transporting, treating, using, recycling, separating, sorting, incinerating, transforming, reconstituting, containing, containerizing, packaging, manufacturing, generating, abandoning, covering, capping, dumping, closing, maintaining,
disposing, placing, discarding, encapsulating, filling, landfilling, investigating, monitoring, remediating, removing, responding to, reporting on, testing, releasing, contamination resulting from, spilling, leaking, pouring, emitting, emptying,
discharging, injecting, escaping, migrating, or leaching. 
 (iii) “Hazardous Materials” means any material, waste, chemical,
compound, substance, mixture, or byproduct that is identified, defined, designated, listed, restricted or otherwise regulated under Environmental Laws as a “hazardous constituent,” “hazardous substance,” “hazardous
material,” “extremely hazardous material,” “hazardous waste,” “acutely hazardous waste,” “hazardous waste constituent,” “infectious waste,” “medical waste,” “biohazardous
waste,” “extremely hazardous waste,” “pollutant,” “toxic pollutant,” or “contaminant,” or any other formulation intended to classify substances by reason of properties that are deleterious to the
environment, natural resources or public health or safety including, without limitation, ignitability, corrosiveness, reactivity, carcinogenicity, toxicity, and reproductive toxicity. The term Hazardous Materials shall include, without limitation,
the following: (A) a “Hazardous Substance,” “Hazardous Material,” “Hazardous Waste,” or “Toxic Substance” under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C.
Section 9601, et seq., the Hazardous Materials Transportation Act, 49 U.S.C. Section 5101, et seq. or the Solid Waste Disposal Act, 42 U.S.C. Section 6901, et seq., including any regulations promulgated thereunder, as any of
the foregoing may be amended; (B) “Oil” or a “Hazardous Substance” under Section 311 of the Federal Water Pollution Control Act, 33 U.S.C. Section 1321, as may be amended, as well as any other hydrocarbonic
substance, fraction, distillate or by-product; (C) mold; (D) asbestos and any asbestos containing material; and (E) a substance that, due to its characteristics or interaction with one or more
other materials, wastes, chemicals, compounds, substances, mixtures, or byproducts, damages or threatens to damage the environment, natural resources or public health or safety, or is required by any law or public entity to be remediated, including
remediation which such law or public entity requires in order for property to be put to any lawful purpose. 
 (g) “Waste
Materials” means any putrescible or nonputrescible solid, semisolid, liquid or gaseous waste of any type whatsoever, including, without limitation: (A) any garbage, trash, refuse, paper, rubbish, ash, industrial or commercial or
residential waste, demolition or construction wastes, abandoned vehicles or parts thereof, discarded home and industrial appliances, sewage, sewage sludge, manure, vegetable or animal solid and semisolid waste, and any other item intended to be or
actually dumped, abandoned, discarded, treated, transformed, incinerated, disposed of or recycled; and (B) any “solid waste” as defined in the Solid Waste Disposal Act, 42 U.S.C. Section 6901, et seq., including any regulations
promulgated thereunder, as any of the foregoing may be amended. 

  
 -12- 

 (h) The provisions of this Section 4.3 shall survive the Closing. 

4.4 Intentionally Omitted. 

4.5 Other Disclosures. Buyer also understands the following and will consider the effect and impact of the same on Buyer’s decision
to purchase the Property: (a) that the Property may be reassessed for tax purposes as of the Closing and that a supplemental tax bill or bills may be issued after the Closing attributable to the transfer of title to the Property from Seller to
Buyer or for other reasons, and such supplemental taxes may be a lien against all or a portion of the Property; (b) that in connection with the transfer of title to the Property from Seller to Buyer a Real Estate Excise Tax Affidavit may be
required to be filed with the Assessor of the County in which the Property is located; and (c) that the Property may be affected by future development of surrounding areas or by changes in laws, including, without limitation land use laws and
land use and other plans. 
 ARTICLE 5 

Representations and Warranties 

5.1 Seller’s Representations. 

(a) The representations and warranties of Seller in this Section 5.1 are a material inducement for Buyer to enter into this Agreement.
Buyer would not purchase the Property from Seller without such representations and warranties of Seller. Such representations and warranties shall survive the Closing for nine (9) months after the Closing Date, at which time such
representations and warranties shall terminate. 
 (b) Seller makes the following representations and warranties to Buyer: 

(i) Seller is a limited liability company duly formed and validly existing and in good standing under the laws of the State of Delaware.
Seller has full power and authority to enter into this Agreement and to perform this Agreement. The execution, delivery and performance of this Agreement by Seller have been duly and validly authorized by all necessary action on the part of Seller
and all required consents or approvals have been duly obtained. This Agreement is a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject to the effect of applicable bankruptcy, insolvency,
reorganization, arrangement, moratorium or other similar laws affecting the rights of creditors generally. 
 (ii) As of the Agreement Date,
except as disclosed to Buyer in writing, there is no pending litigation involving Seller and affecting the Property, nor to Seller’s actual knowledge, has any such litigation been threatened against Seller. 

(iii) The Lease is the only lease or occupancy agreement with respect to the Property as of the Agreement Date. Seller has delivered a true,
correct and complete copy of the Lease to Buyer. As of the Agreement Date, neither Seller nor, to Seller’s knowledge, the tenant under the Lease, is in default in its obligations under the Lease. Except as set forth on Exhibit E attached
hereto, no brokerage or leasing commission, tenant improvement allowance (including the Allowance (as defined in the Lease)), free rent (including the Abated Rent (as defined in the Lease)), or other compensation will be due or payable with respect
to the Lease after the Closing (the “Tenant Inducements”). Seller makes no representation or warranty with respect to any impact on the rights or remedies of Seller (as landlord) or tenant under the Lease or the Guaranty due to any
governmental restriction (including governmental preemption in connection with a national emergency or a governmental warning, advisory, travel 

  
 -13- 

 
restrictions, or similar actions or pronouncements of governmental authorities), or a mandated shutdown of work by an applicable governing body (including governmental authorities and local
unions) due to a public health emergency (including epidemics, pandemics, famine, disease, plague, quarantine, and other health risk such as those declared or recognized by the Centers for Disease Control, the World Health Organization, national or
state governments, or similar bodies) in connection with the COVID-19 pandemic (collectively referred to herein as the “COVID-19 Restrictions”). The Lease and
the Guaranty are valid and in full force and effect as of the Agreement Date. Except as may be set forth in Schedule 1, to Seller’s knowledge, as of the Agreement Date there are no defaults or breaches under the Lease by any party thereto. 

(iv) To Seller’s knowledge, as of the Agreement Date, Seller has not received any written notice from any governmental authority of any
violation of any governmental requirements concerning the Property, which has not been remedied. 
 (v) Seller is not a “foreign
person” as defined in section 1445 of the Internal Revenue Code of 1986, as amended, and the Income Tax Regulations thereunder. 

(vi) Seller has not dealt with any real estate broker or finder in connection with the sale of the Property to Buyer or this Agreement other
than Jones Lang LaSalle (the “Broker”). 
 (vii) Neither Seller, nor any beneficial owner thereof: (i) is listed on the
Specially designated Nationals and Blocked Persons Lists maintained by OFAC or (ii) is a person who has been determined by competent authority to be subject to the prohibitions contained in Executive Order No. 13224, 66 Fed. Reg. 49079
(Sept. 25, 2001) (the “Order”) and other similar requirements contained in the rules and regulations of the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) and in any enabling legislation or other Executive
Orders in respect thereof (the Order and such other rules, regulations, legislation, or orders are collectively called the “Orders”). 

(viii) Seller has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or
suffered the filing of any involuntary petition by Seller’s creditors, (iii) suffered the appointment of a receiver to take possession of all, or substantially all, of Seller’s assets, (iv) suffered the attachment or other
judicial seizure of all, or substantially all, of Seller’s assets, (v) admitted in writing its inability to pay its debts as they come due, or (vi) made an offer of settlement, extension or composition to its creditors generally. 

(ix) Seller does not employ any employees at the Property that Buyer shall be expected or required to employ following the Closing Date. 

(x) Seller is not a party to any service contracts at the Property that cannot be terminated upon thirty (30) days’ written notice.
All of said service contracts are listed on Schedule 2 attached hereto and by this reference incorporated herein. Seller has provided Buyer with true, correct and complete copies of all of the service contracts. As of the Agreement Date, Seller is
not in default under any of the service contracts, and to the Seller’s current, actual knowledge, no other party to any service contract is in default thereunder. 

(xi) Seller is not (i) a plan which is subject to Title I of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), as defined in §3(3) of ERISA, nor a plan as defined in §4975(e)(1) of the Internal Revenue Code of 1986, as amended (each of the foregoing hereinafter referred to collectively as a “Plan”), (ii) a
“governmental plan” as defined in §3(32) of ERISA, or (iii) a “party in interest,” as defined in §3(14) of ERISA, to a Plan, except with respect to plans, if any, maintained by Seller, nor do the assets of Seller
constitute “plan assets ” of one or more of such Plans within the meaning of Department of Labor Regulations §2510.3-101. Seller is acting on its own behalf and not on account of or for the
benefit of any Plan. 

  
 -14- 

 (c) For purposes of this Agreement and any document delivered at Closing, whenever the
phrase “Seller’s knowledge” or the “knowledge” of Seller or words of similar import are used, they shall be deemed to refer to facts within the actual current knowledge only of Brian Hecktman, and no others, without inquiry
or investigation of any kind or nature and without imputation. In no event shall Buyer have any personal claim against the above named individuals in connection herewith and Buyer waives all claims which Buyer now has or may later acquire against
such persons. 
 5.2 Buyer. The representations and warranties of Buyer in this Section 5.2 are a material inducement for Seller
to enter into this Agreement. Seller would not sell the Property to Buyer without such representations and warranties of Buyer. Such representations and warranties shall survive the Closing for six (6) months after the Closing Date, at which
time such representations and warranties shall terminate. Buyer represents and warrants to Seller as of the Agreement Date as follows: 
 (a)
This Agreement and all documents executed by Buyer which are to be delivered to Seller at Closing do not and at the time of Closing will not violate any provision of any agreement or judicial order to which Buyer is a party or to which Buyer is
subject. 
 (b) Buyer has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in
bankruptcy or suffered the filing of any involuntary petition by Buyer’s creditors, (iii) suffered the appointment of a receiver to take possession of all, or substantially all, of Buyer’s assets, (iv) suffered the attachment or
other judicial seizure of all, or substantially all, of Buyer’s assets, (v) admitted in writing its inability to pay its debts as they come due, or (vi) made an offer of settlement, extension or composition to its creditors generally.

 (c) If Buyer is an entity, Buyer has been duly organized, is validly existing and is in good standing in the state in which it was formed,
and is qualified to do business in the state in which the Property is located. If Buyer is an entity, this Agreement has been, and all documents executed by Buyer which are to be delivered to Seller at Closing will be, duly authorized, executed and
delivered by Buyer. 
 (d) Neither Buyer, nor any beneficial owner thereof: (i) is listed on the Specially designated Nationals and
Blocked Persons Lists maintained by OFAC or (ii) is a person who has been determined by competent authority to be subject to the prohibitions contained in the Orders. 

(e) Buyer has not dealt with any real estate broker or finder in connection with the purchase of the Property from Seller or this Agreement
other than Broker. 
 ARTICLE 6 

Covenants 
 6.1
Covenants. Seller and Buyer covenants and agree as follows: 
 (a) Buyer shall indemnify Seller for any claim by any real estate
broker or finder, other than Broker, purporting to have represented Buyer in connection with the purchase of the Property from Seller or this Agreement. 

  
 -15- 

 (b) Seller shall indemnify Buyer for any claim by any real estate broker or finder
purporting to have represented Seller in connection with the sale of the Property to Buyer or this Agreement. 
 (c) Between the Agreement
Date through the Closing Date, Seller shall not (i) amend the Lease or (ii) deliver any written notice to the tenant under the Lease regarding restoration requirements for the tenant’s improvements without first obtaining Buyer’s
approval, which approval may be withheld in Buyer’s sole and absolute discretion. Buyer’s failure to deliver its approval or disapproval within five (5) business days after Seller’s request shall be deemed Buyer’s
disapproval with respect to the lease amendment. A lease amendment that Buyer has expressly approved hereunder in accordance with the terms of this Section 6.1(b) shall be referred to herein as an “Approved Lease Change” and shall be
included in the term “Lease” for purposes of this Agreement from and after the execution of such Approved Lease Change. Buyer shall pay all costs associated with any Approved Lease Change, including, but not limited to, tenant improvement
costs and leasing commissions, whether such amounts are payable before or after Closing. 
 (d) Buyer and Seller acknowledge and agree that
Tenant is solely responsible for all maintenance at the Property. Between the Agreement Date and the Closing Date, Seller shall carry insurance for and perform repairs at the Property that are Seller’s responsibility as landlord under the Lease
(collectively, the “Maintenance Duties”), except to the extent such Maintenance Duties are prevented by any COVID-19 Restrictions. Notwithstanding the above, Seller’s Maintenance Duties shall
specifically exclude the obligation: (i) to repair or correct normal wear and tear or deferred maintenance, or (ii) to expend more than $5,000 with respect to Maintenance Duties in the aggregate unless (A) the same is necessary to
protect the health or safety of the occupants of the Property from imminent danger, (B) the failure to perform such Maintenance Duties would result in a material violation of applicable law if not performed prior to the Closing Date or
(c) if such is required by the Lease. 
 (e) Seller shall deliver at Closing notices of termination of any service contracts for the
Property to which Seller is a party (but expressly excluding any service contracts entered into directly by Tenant), and shall terminate, as of the Closing Date, all existing brokerage, leasing, management and listing agreements with respect to the
Property. 
 6.2 Casualty Damage. Seller shall give notice (a “Casualty Notice”) to Buyer reasonably promptly after the
occurrence of any damage to the improvements on the Property by any casualty, which Casualty Notice shall include Seller’s reasonable estimate of the costs or repair and restoration and the time to complete such repair and restoration, whether
or not the loss is insured, and, if such loss is uninsured, whether Seller is willing to provide Buyer with a credit against the Purchase Price in the amount of such uninsured loss. If, before the Closing Date, the improvements on the Property are
damaged by any casualty and such casualty constitutes a Material Loss (hereinafter defined), Buyer shall have the right, by giving notice to Seller within ten (10) days after Buyer’s receipt of a copy of the Casualty Notice or, if
applicable, the Buyer Casualty Termination Notice (hereinafter defined) (the “Buyer Casualty Exercise Period”), to terminate this Agreement, in which event this Agreement shall terminate. If necessary, the Closing Date shall be postponed
until the date that is five (5) business days following the later of (i) the expiration of the time period provided to Tenant for delivery of its Tenant Casualty Termination Notice to Seller pursuant to Article 11 of the Lease, or
(ii) the expiration of the Buyer Casualty Exercise Period. If, before the Closing Date, the Property is damaged by a casualty that does not result in a termination of this Agreement pursuant to the preceding sentences, then the insurance
proceeds (or, if not theretofore received, the right to receive such proceeds), if any, payable on account of the damage, exclusive of any proceeds of any business interruption or rent continuation insurance in respect of Seller’s period of
ownership, shall be transferred to Buyer, and the amount of any applicable insurance deductible (not to exceed the repair cost as reasonably determined by Seller) shall be a credit to 

  
 -16- 

 
Buyer against the Purchase Price. In the event of any uninsured loss on account of a casualty hereunder, Seller may elect to provide Buyer with a credit against the Purchase Price in the amount
of such loss; provided, however, that if Seller does not so elect to provide said credit, then Buyer may terminate this Agreement by delivery of written notice to Seller within ten (10) days after Buyer’s receipt of a copy of the Casualty
Notice, in which event Buyer shall receive a refund of the Deposit. 
 6.3 Eminent Domain. Seller shall give notice (a
“Condemnation Notice”) to Buyer reasonably promptly after Seller’s receiving notice of the commencement of any proceedings for the taking by exercise of the power of eminent domain of all or any part of the Property. If, before the
Closing Date, Seller provides Buyer with a Condemnation Notice stating proceedings are commenced for the taking by exercise of the power of eminent domain and such proceedings constitute a Material Loss. Buyer shall have the right, by giving notice
to Seller within ten (10) days after Buyer’s receipt of a copy of the Condemnation Notice or, if applicable, the Tenant Condemnation Termination Notice (hereinafter defined) (the “Buyer Condemnation Exercise Period”), to
terminate this Agreement, in which event this Agreement shall terminate. If necessary, the Closing Date shall be postponed until the date that is five (5) business days following the later of (i) the expiration of the time period provided
to Tenant for delivery of its Tenant Condemnation Termination Notice to Seller pursuant to Article 21 of the Lease, or (ii) the expiration of the Buyer Condemnation Exercise Period. If, before the Closing Date, proceedings are commenced
for the taking by exercise of the power of eminent domain but Tenant does not deliver a Tenant Condemnation Termination Notice, or if Buyer has the right to terminate this Agreement pursuant to the preceding sentence but Buyer does not exercise such
right, then this Agreement shall remain in full force and effect and, on the Closing Date, the condemnation award (or, if not theretofore received, the right to receive such award) payable on account of the taking shall be transferred to Buyer. 

As used herein, the term “Material Loss” shall mean (a) any damage or destruction that costs more than five percent (5%) of the
Purchase Price to repair, based on an estimate by a contractor reasonably acceptable to Buyer and Seller, (b) Tenant delivers notice to Seller exercising its right to terminate the Lease pursuant to Article 11 of the Lease (the
“Tenant Casualty Termination Notice”), (c) Tenant delivers written notice to Seller exercising its right to terminate the Lease pursuant to Article 21 of the Lease (the “Tenant Condemnation Termination Notice”),
(d) the permanent loss of any access to the Property due to a condemnation pursuant to Section 6.3 above, or (e) an event that causes any portion of the Property to fall out of compliance with local zoning laws, provided that such
condition cannot be remedied at no material out-of-pocket cost or expense, and that a waiver is not otherwise applicable (e.g., that the condition is legal non-conforming). 
 ARTICLE 7 

Conditions Precedent 
 7.1
Seller. Seller’s obligation to transfer the Property to Buyer and to consummate the transactions contemplated herein by taking the other actions required of Seller at the Closing are subject to satisfaction of all of the conditions set
forth in this Section 7.1. Seller may waive any or all of such conditions in whole or in part but any such waiver shall be effective only if made in writing. After the Closing, any such condition that has not been satisfied shall be treated as
having been waived in writing. No such waiver shall constitute a waiver by Seller of any of its rights or remedies if Buyer defaults in the performance of any covenant or agreement to be performed by Buyer under this Agreement or if Buyer breaches
any representation or warranty made by Buyer in Section 5.2 hereof. If any condition set forth in this Section 7.1 is not fully satisfied or waived in writing by Seller prior to the Closing and the failure of such condition is not caused
by the default of Seller, then Seller shall have the right to terminate this Agreement upon written notice delivered to Buyer and the Title Company on or before the Closing, but without releasing Buyer from liability if Buyer defaults in the
performance of any such covenant or agreement to be performed by Buyer or if Buyer breaches any such representation or warranty made by Buyer before such termination. 

  
 -17- 

 (a) On the Closing Date, Buyer shall not be in default in the performance of any material
covenant to be performed by Buyer under this Agreement. 
 (b) Buyer shall have made all deliveries required to be made by Buyer at Closing
pursuant to this Agreement. 
 7.2 Buyer. The obligations of Buyer to purchase the Property from Seller and to consummate the
transactions contemplated herein by taking the other actions required of the Buyer at Closing are subject to satisfaction of all of the conditions set forth in this Section 7.2. Buyer may waive any or all of such conditions in whole or in part
but any such waiver shall be effective only if made in writing. After the Closing, any such condition that has not been satisfied shall be treated as having been waived in writing. If any condition set forth in this Section 7.2 is not fully
satisfied or waived in writing by Buyer prior to the applicable date set forth below and the failure of such condition is not caused by the default of Buyer, then Buyer shall have the right to terminate this Agreement upon written notice delivered
to Seller and the Title Company, but without releasing Seller from liability (if any) if Seller defaults in the performance of any such covenant or agreement to be performed by Seller or if Seller breaches any such representation or warranty made by
Seller before such termination. 
 (a) On the Closing Date, the Title Company shall be prepared to issue to Buyer an ALTA Standard Coverage
Policy of title insurance, with liability equal to the Purchase Price for the Property, insuring Buyer that fee title to the Property is vested in Buyer subject only to the Permitted Exceptions (the “Title Policy”). 

(b) On the Closing Date, Seller shall have made all deliveries required to be made by Seller at Closing pursuant to this Agreement. 

(c) As of the Closing Date, there shall be no pending litigation involving Seller and affecting the Property that would adversely affect the
Property or Buyer following the Closing. 
 (d) Estoppel. 

(i) Buyer shall have received a tenant estoppel certificate dated no earlier than forty-five (45) days prior to the Scheduled Closing
Date in the form of Exhibit D attached hereto (the “Tenant Estoppel Certificate”) from Tenant. In the event Seller is unable to obtain the Tenant Estoppel Certificate by two (2) days before the Closing Date (subject to Seller’s
right below to extend the Closing Date) (the “Estoppel Deadline Date”), Buyer shall elect to either (i) terminate this Agreement (which election must be made in a written notice given to Seller within two (2) business days
following the Estoppel Deadline Date) or (ii) waive such condition and proceed to the Closing; and, if Buyer fails to deliver written notice on or before the Closing Date of either of the foregoing elections, Buyer shall be deemed to have
elected (ii) above. To the extent that the Tenant Estoppel Certificate executed by Tenant is a Non-Complying Tenant Estoppel Certificate (as defined in the following sentence), Buyer shall have three
(3) business days after receipt of the Non-Complying Tenant Estoppel Certificate to approve or disapprove the Tenant Estoppel Certificate so received (and the failure to timely do so shall constitute
approval thereof by Buyer and satisfaction of the condition in this Section 7.2(e) with respect to any such tenant(s)). A “Non-Complying Tenant Estoppel Certificate” means a Tenant Estoppel
Certificate that contains an exception that was not disclosed to Buyer (whether in the Lease, this Agreement or any other document delivered to Buyer) prior to the end of the Property Approval Period that (1) discloses material

  
 -18- 

 
adverse economic terms of the Lease, (b) alleges a default of Seller (as landlord) under the Lease, or (3) discloses a dispute between the landlord and Tenant in connection with the
Lease or a default by Tenant. Upon receipt of the Tenant Estoppel Certificate by Buyer, any of Seller’s representations made herein applicable to the Lease shall be qualified to the information contained in the Tenant Estoppel Certificate. 

(ii) If, despite the use of commercially reasonable efforts, Seller is unable to obtain the Tenant Estoppel Certificate, the same shall not be
considered a default on the part of Seller, but rather a failure of a condition precedent to Closing; provided, however, notwithstanding the foregoing, if Seller has not satisfied the condition in this Section 7.2(d) by the Estoppel Deadline
Date, Seller or Buyer shall have the right, but not the obligation, to extend the Estoppel Deadline Date for up to thirty (30) days in order to provide Seller with additional time to obtain the Tenant Estoppel Certificate to satisfy the
condition in this Section 7.2(d) by delivering written notice to the other party prior to 5:00 p.m. Pacific Time on the Estoppel Deadline Date exercising such extension right. To the extent of such extension, the Closing Date shall also be
extended to be the date which is three (3) business days following the extended Estoppel Deadline Date. 
 (iii) The Lease and the
Guaranty shall be valid and in full force and effect as of the Closing Date. 
 ARTICLE 8 

Closing 
 8.1
Procedure. Seller and Buyer shall cause the following to occur at the Closing on the Closing Date, as more particularly described in Addendum A attached hereto: 

(a) The Deed for the Property, duly executed and acknowledged by Seller, shall be recorded in the Official Records of the county in which the
Property is located. 
 (b) Seller shall date as of the Closing Date, execute and deliver to Buyer (i) one (1) original of a
Certificate of Nonforeign Status in the form prepared by the Title Company and (ii) one (1) original of a Bill of Sale, Assignment of Lease, and Other Intangible Property (the “Assignment”) in the form of Exhibit C
attached hereto. 
 (c) Buyer shall date as of the Closing Date, execute and deliver to Seller, the Assignment. 

(d) Seller shall execute a Washington State real estate excise tax affidavit, as required by Chapter 82.45 of the Revised Code of Washington
(the “Real estate Excise Tax Affidavit”). 
 (e) On or before one (1) business day prior to the Closing Date, Buyer shall
deposit with the Title Company Current Funds in the amount of the Purchase Price (less the Deposit, which will also be paid to Seller) in accordance with Section 2.1 hereof, plus Buyer’s share of expenses and prorations as described in
this Agreement. 
 8.2 Possession. Subject to the Permitted Exceptions, Seller shall transfer possession of the Property to Buyer on
the Closing Date. Promptly following the Closing Date, Buyer shall deliver to each Tenant a notice acknowledging Buyer’s receipt and responsibility for Tenant’s security deposit, if any, all in compliance with and pursuant to the
applicable provisions of Washington law. The provisions of this paragraph shall survive Closing. 

  
 -19- 

 8.3 Closing Costs. Closing costs shall be allocated as provided below (and, if not
specifically provided below, any item of closing costs shall be paid according to the custom and practice of the county in which the Real Property is located). 
  

	 	(a)	 State of Washington and local real estate excise and transfer taxes: Seller 

 

	 	(b)	 Premium for Standard Coverage portion of the Title Policy: Seller 

 

	 	(c)	 Escrow fee charged by the Title Company: 50% Buyer, 50% Seller 

 

	 	(d)	 Recording fees for the Deed: Buyer 

 

	 	(e)	 Premium for Extended Coverage for the Title Policy and any endorsements to the Title Policy: Buyer.

 8.4 Prorations. 

(a) At the Closing on the Closing Date, the collected rents under the Lease, the current installment of real property taxes and assessments
levied against the Property, current utilities, and other current income or operating and maintenance expenses of the Property shall be prorated between Seller and Buyer as of the Closing Date on the basis of a
thirty (30)-day month. All utility service charges for electricity, heat and air conditioning service, other utilities, elevator maintenance, common area maintenance, taxes other than real estate taxes
such as rental taxes, other expenses incurred in operating the Property that Seller customarily pays and that are not paid by Tenant directly, and any other costs incurred in the ordinary course of business or the management and operation of the
Property not so paid by Tenant, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Buyer shall pay all such expenses accruing on the Closing Date and thereafter. Seller and Buyer shall
obtain billings and meter readings as of the Closing Date to aid in such prorations. 
 (b) If the Closing shall occur before rents and all
other amounts payable by Tenant under the Lease (including operating expense and tax reimbursements) and all other income from the Property have been paid for the month in which the Closing occurs, the apportionment of such rents and other amounts
and other income shall be upon the basis of such rents, other amounts and other income, actually received by Seller as of the Closing Date. There shall be no proration of any rents or other income not actually received by Seller as of the Closing
Date. Notwithstanding the foregoing, if any of such operating expenses and other charges and expenses are payable by Tenant under the Lease (collectively, the “Tenant Charges“) on an estimated basis, then the Tenant Charges shall be
reconciled against actual charges and expenses as of and at the Closing, to the extent then possible, and Seller shall provide a proposed reconciliation for Buyer’s approval. Seller shall have a period of ninety (90) days following the
actual Closing Date to provide Buyer with a final reconciliation of Tenant Charges. If the final reconciliation shows that Seller owes Buyer additional sums, Seller shall deliver such amount to Buyer, together with the delivery of the final
reconciliation of the Tenant Charges. If the final reconciliation shows that Buyer owes Seller additional sums, Buyer shall pay such amount to Seller within ten (10) days after Buyer’s receipt of the final reconciliation. Other than as set
forth above, there shall not be any further reconciliation of such Tenant Charges after the final reconciliation thereof, the proration of such Tenant Charges pursuant to the final reconciliation being conclusively presumed to be accurate. After the
final reconciliation of Tenant Charges is made by and between the parties, Buyer shall be solely liable and responsible to Tenant under the Lease for such reconciliation of Tenant Charges under the Lease. The foregoing covenants made by the parties
with respect to the final reconciliation of the Tenant Charges shall survive the Closing. 

  
 -20- 

 (c) Subsequent to the Closing, if any rents and other income are received by Buyer or
Seller, all such amounts shall be applied in the following order: (i) first to rent due for the month in which Closing occurs, (ii) next, to rent due for the month following the month in which Closing occurs, and (iii) the balance to
delinquent rent relating to the period prior to the month in which Closing occurs. For six (6) months following the Closing Date, Buyer agrees to collect on behalf of the Seller all rents and other charges which became due prior to the Closing
but which Seller will not have collected as of the Closing Date, and promptly remit same to Seller; in the event that Buyer is not successful in collecting such amounts on Seller’s behalf, Seller may thereafter attempt to collect same from the
Tenant, provided that Seller may not sue the Tenant for eviction. Any such rentals due to Seller shall be paid by Buyer to Seller within ten (10) days following Buyer’s receipt thereof. If, subsequent to the Closing, any such rents and
other income payable to Buyer, as provided above, are received by Seller, Seller shall remit Buyer’s prorata share thereof, calculated as aforesaid, to Buyer. Following the Closing, Buyer agrees to provide Seller with access to Buyer’s
books, records and accounts relating to the operation of the Property in order that Seller may verify compliance with the preceding terms and provisions of this Section 8.4. At Closing, (i) Seller shall buy out from the Tenant the
unapplied portion, as of the Closing Date, of the Abated Rent (as such term is defined in the Basic Lease Information section of the Lease), and (ii) Buyer shall receive a credit against the Purchase Price in an amount equal to the undisbursed
portion, as of the Closing Date, of the Allowance (as such term is defined in Section 3(a) of Exhibit B to the Lease) (the “Undisbursed Allowance”), and (iii) Seller shall provide Buyer with evidence in form and substance
reasonably satisfactory to Buyer which evidences the amounts set forth in the foregoing clauses (i) and (ii) (which may be in the form of a written certification from the Tenant to Buyer, or other evidence reasonably approved by Buyer). At
Buyer’s option, in lieu of a credit against the Purchase Price in an amount equal to the Undisbursed Allowance, the Purchase Price shall be reduced by an amount equal to the Undisbursed Allowance, in which event Buyer shall not receive the
credit set forth in clause (ii) above. 
 (d) The proration of real property taxes and assessments at Closing under this
Section 8.4 shall be final. Notwithstanding the foregoing, Seller shall be entitled to the benefit of any reduction or refund of taxes attributable to periods on or before the Closing Date, regardless of the party initiating any appeal or
contest of such taxes and regardless of when such reduction or refund is credited or paid by the taxing authorities; provided, however, that any such reduction or refund shall be net of any expenses incurred by Buyer or its successors in interest in
obtaining such reduction or refund. Buyer shall be deemed to be the owner of the Real Property as of the date of Closing for purposes of prorations. 

(e) Any security deposit held by Seller under the Lease on the Closing Date shall be credited to Buyer and charged to Seller at the Closing.

 (f) Seller agrees to pay or discharge at or prior to Closing all brokerage commissions and costs of tenant improvements (collectively,
“Leasing Costs”) that are due and payable before the Closing Date; provided, however, that Seller shall have no obligation to pay, and as of the Closing, Buyer shall assume the obligation to pay (i) all Leasing Costs
payable with respect to any option to renew or option to expand that is exercised on or after the Closing Date and (ii) all Leasing Costs incurred with respect to an Approved Lease Change, which obligation shall survive the Closing. If prior to
the Closing, Seller has paid any of the Leasing Costs which Buyer is obligated to pay pursuant to subsections (i) or (ii) immediately above, then at Closing Buyer shall reimburse Seller through Escrow for such costs so paid by Seller. 

(g) If permitted by the applicable utility providers, utilities shall be canceled by Seller and reestablished in Buyer’s name on the
Closing Date; otherwise, utilities shall be prorated between Seller and Buyer at Closing, with such proration to be readjusted at such time as final utility bills become available. Seller shall be entitled to receive refunds for any and all deposits
which Seller has made with utility companies, and Buyer shall replace such deposits at Closing. 

  
 -21- 

 (h) This Section 8.4 will survive the Closing. 

8.5 Seller’s Default.  

(a) If, prior to the Closing, Buyer or Seller should learn, discover or become aware that a representation or warranty of Seller set forth
herein is incorrect or untrue in any material respect (except to the extent due to any COVID-19 Restrictions) or of any material breach of a covenant by Seller hereunder (collectively, a “Seller
Breach”), then the party who has learned, discovered or become aware of such Seller Breach shall promptly give written notice thereof to the other party. Buyer shall, within five (5) days of becoming aware of any Seller Breach, have the
right to object to such Seller Breach by written notice to Seller (a “Buyer Notice of Default”), which Buyer Notice of Default shall include a description of the Seller Breach and Buyer’s opinion of the reasonable steps necessary to
cure such Seller Breach (and the Closing Date shall be extended as necessary to provide Buyer such five (5) day notice period and to provide Seller a five (5)-day response period as provided below). If
Buyer timely sends a Buyer Notice of Default with respect to a Seller Breach, then Seller may, within five (5) days after receipt of such Buyer Notice of Default, elect in writing to remedy such Seller Breach, and Seller may extend the Closing
up to thirty (30) days to complete such remedy if necessary, provided, however in the event that Seller is prevented from curing such Seller Breach due to any COVID-19 Restrictions, then Seller shall have
the right to extend Closing to the date that is thirty (30) days after the applicable COVID-19 Restrictions shall have ceased. If Seller does not elect to remedy such Seller Breach within such five
(5) days after receipt of the Buyer Notice of Default, then Buyer may, within five (5) days after the expiration of such five (5) day period, as its sole and exclusive remedy, elect in writing to either (i) terminate this
Agreement as more particularly provided in Section 8.5(b) below or (ii) proceed with the Closing. If Buyer fails to timely send a Buyer Notice of Default within five (5) days of becoming aware of any Seller Breach, or Buyer otherwise
elects to proceed with the Closing despite being aware of any such Seller Breach, or Seller remedies the Seller Breach, then Seller’s representation and warranties herein shall be qualified by such Seller Breach, Seller shall have no obligation
to Buyer for such Seller Breach or any further obligations to cure such Seller Breach, and the Closing shall proceed as scheduled with no offset or deduction from the Purchase Price. Notwithstanding anything to the contrary herein, the parties
acknowledge and agree that there will be no notice or cure period as provided herein in the event Seller fails to timely close as required by this Agreement. 

  
 -22- 

 (b) IF THE SALE OF THE PROPERTY IS NOT CONSUMMATED DUE TO SELLER’S
MATERIAL DEFAULT HEREUNDER, THEN NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, BUYER SHALL BE ENTITLED, AS ITS SOLE REMEDY AT LAW OR IN EQUITY, EITHER (A) TO TERMINATE THIS AGREEMENT AS PROVIDED IN
SECTION 8.5(A) ABOVE AND RECEIVE THE RETURN OF THE DEPOSIT AND RECOVER FROM SELLER A REIMBURSEMENT OF BUYER’S ACTUAL OUT OF POCKET COSTS INCURRED WITH RESPECT TO THIS TRANSACTION NOT TO EXCEED AN AGGREGATE OF
$100,000 (“BUYER’S OUT OF POCKET COSTS”) FOR ALL CLAIMS TIMELY ASSERTED AGAINST SELLER UNDER OR IN CONNECTION WITH THIS AGREEMENT, OR (B) IF SUCH TERMINATION IS DUE TO
SELLER’S FAILURE TO DELIVER THE DEED AT CLOSING OR OTHERWISE CONSUMMATE THE SALE FO THE PROPERTY TO BUYER, TO ENFORCE SPECIFIC PERFORMANCE OF THIS AGREEMENT. BUYER SHALL BE DEEMED TO HAVE ELECTED TO TERMINATE THIS AGREEMENT AND
RECEIVE BACK THE DEPOSIT AND BUYER’S OUT OF POCKET COSTS IF BUYER FAILS TO FILE SUIT FOR SPECIFIC PERFORMANCE AGAINST SELLER IN A COURT OF COMPETENT JURISDICTION, ON OR BEFORE THE DATE WHICH IS THIRTY (30) DAYS
FOLLOWING THE DATE UPON WHICH CLOSING WAS TO HAVE OCCURRED. AS A MATERIAL CONSIDERATION FOR SELLER ENTERING INTO THIS AGREEMENT, BUYER EXPRESSLY WAIVES FOR ANY DEFAULT BY SELLER (A) ANY RIGHT UNDER STATE OR FEDERAL STATUTE,
OR AT COMMON LAW OR OTHERWISE TO RECORD OR FILE A LIS PENDENS OR A NOTICE OF PENDENCY OF ACTION OR SIMILAR NOTICE AGAINST ALL OR ANY PORTION OF THE PROPERTY UNLESS AND UNTIL BUYER HAS ELECTED TO SEEK SPECIFIC PERFORMANCE OF THIS AGREEMENT AND HAS
FILED AN ACTION SEEKING SUCH REMEDY, (B) ANY RIGHT TO SEEK DAMAGES IN THE EVENT OF SELLER’S DEFAULT HEREUNDER, AND (C) ITS RIGHT TO BRING ANY ACTION THAT WOULD IN ANY WAY AFFECT TITLE TO OR
RIGHT OF POSSESSION OF ALL OR ANY PORTION OF THE PROPERTY. BUYER ACKNOWLEDGES AND AGREES THAT PRIOR TO THE CLOSING, BUYER SHALL NOT HAVE ANY RIGHT, TITLE OR INTEREST IN AND TO THE PROPERTY OR ANY PORTION THEREOF UNLESS AND UNTIL BUYER HAS ELECTED TO
SEEK SPECIFIC PERFORMANCE OF THIS AGREEMENT AND HAS FILED AN ACTION SEEKING SUCH REMEDY. WITHOUT LIMITATION OF THE FOREGOING, THE DEPOSIT SHALL BE THE FULL, AGREED AND LIQUIDATED DAMAGES PURSUANT TO SECTION 64.04.005 OF THE
REVISED CODE OF WASHINGTON. BUYER HEREBY EVIDENCES ITS SPECIFIC AGREEMENT TO THE TERMS OF THIS WAIVER BY PLACING ITS SIGNATURE OR INITIALS IN THE SPACE PROVIDED HEREINAFTER. 

SELLER’S INITIALS: /s/ BH BUYER’S INITIALS: /s/ JG 

  
 -23- 

 (c) Notwithstanding anything contained herein to the contrary, in no event shall Buyer have
any right to bring any suit, action, claim or proceeding against Seller with respect to this Agreement if the amount in controversy does not exceed $15,000 in the aggregate (after which liability shall commence at $0.01 such that the floor does not
act as a deductible). In the event that the sale of the Property to Buyer is consummated, then Seller’s aggregate liability with respect to any breach by Seller of the representations and/or warranties of Seller contained in this Agreement or
any other document executed and delivered in connection herewith shall not exceed one percent (1%) of the Purchase Price (the “Seller Liability Cap”). Any action, suit or proceeding brought by Buyer against Seller arising from or related
to this Agreement must be commenced and served, if at all, on or before the date which is nine (9) months after the Closing Date (the “Outside Date”). Subject to the limits of this Section 8.5, the obligations of Seller are
intended to be binding only on the Seller’s interest in the Property (in the event this Agreement is terminated) or Seller’s net proceeds from the sale of the Property (if the Closing occurs) and the obligations of Seller shall not be
personally binding upon, nor shall any claim or action be asserted or filed against, nor any resort be had to, the private properties of any of its members, partners, trustees, officers, directors or shareholders, or the general partners, trustees,
beneficiaries, managers, officers, directors or shareholders thereof, or any employees or agents of Seller. Seller shall maintain a tangible net worth of not less than the amount of the Seller Liability Cap through the later to occur of:
(i) the Outside Date or (ii) the final resolution (including any applicable appeals) of any action, suit or proceeding brought by Buyer against Seller arising from or related to this Agreement which was brought on or prior to the Outside
Date. 
 (d) This Section 8.5 shall survive the Closing. 

ARTICLE 9 
 General 

9.1 Notices. All notices and other communications under this Agreement (including all required approvals and consents) shall be
properly given only if made in writing and (a) mailed by certified mail, return receipt requested, postage prepaid, (b) personally delivered by messenger, (c) delivered by nationally recognized overnight courier, or (d) sent via
email, to the party at the address set forth in this Section 9.1 or such other address as such party may designate by notice to the other party. Such notices and other communications shall be effective on the date of receipt (evidenced by the
certified mail receipt) if mailed or on the date of such delivery if delivered by messenger, courier or email (as evidenced by a delivery receipt for such email). If any such notice or other communication is not received or cannot be delivered due
to a change in the address of the receiving party of which notice was not previously given to the sending party or due to a refusal to accept by the receiving party, such notice or other communication shall be effective on the date delivery is
attempted. Any notice or other communication under this Agreement may be given on behalf of a party by the attorney for such party. 
 (a)
The address of Seller is c/o Graymark Capital, 180 Sutter Street, Suite 400, San Francisco, California 94104, Attn: Brian Hecktman, Email: bhecktman@graymarkcapital.com; with a copy to: Allen Matkins Leck Gamble Mallory & Natsis LLP, Three
Embarcadero Center, 12th Floor, San Francisco, California 94111, Attn: Mark Mengelberg, email: mmengelberg@allenmatkins.com; and a copy to Blue Vista Capital Management, LLC, 353 North Clark Street, Suite 730, Chicago, Illinois 60654, Attn: Marcia
Matalon May, email: mmay@bluevistallc.com. 
 (b) The address of Buyer is Invesco Advisers, Inc., 2001 Ross Avenue, Suite 3400, Dallas, Texas
75201, Attn: Jason Geer, Email: Jason.geer@invesco.com; with a copy to: Greenberg Traurig, P.A., 333 S.E. 2nd Avenue, Suite 4400, Miami, Florida 33131, Attn: Danielle Gonzalez, Esq., Email:
gonzalezda@gtlaw.com. 

  
 -24- 

 9.2 Attorneys’ Fees. If there is any legal action or proceeding
between Seller and Buyer arising from or based on this Agreement (including an arbitration pursuant to Section 9.8 below), the unsuccessful party to such action or proceeding shall pay to the prevailing party all costs and expenses, including
reasonable attorneys’ fees, incurred by such prevailing party in such action or proceeding and in any appeal in connection therewith. If such prevailing party recovers a judgment in any such action, proceeding or appeal, such costs, expenses
and attorneys’ fees shall be included in and as a part of such judgment. 
 9.3 Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Washington. 
 9.4 Construction. Seller and Buyer acknowledge that each
party and its counsel have reviewed and revised this Agreement and that the rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any
document executed and delivered by either party in connection with the transactions contemplated by this Agreement. The captions in this Agreement are for convenience of reference only and shall not be used to interpret this Agreement. 

9.5 Further Assurances. From and after the Agreement Date, Seller and Buyer agree to do such things, perform such acts, and make,
execute, acknowledge and deliver such documents as may be reasonably necessary or proper and usual to complete the transactions contemplated by this Agreement and to carry out the purpose of this Agreement in accordance with this Agreement. 

9.6 Partial Invalidity. If any provision of this Agreement is determined by a proper court to be invalid, illegal or unenforceable, such
invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement and this Agreement shall remain in full force and effect without such invalid, illegal or unenforceable provision. 

9.7 Waivers. No waiver of any provision of this Agreement or any breach of this Agreement shall be effective unless such waiver is in
writing and signed by the waiving party and any such waiver shall not be deemed a waiver of any other provision of this Agreement or any other or subsequent breach of this Agreement. 

9.8 Arbitration of Disputes. Any dispute, claim or controversy arising out of or relating to this Agreement or the breach, termination,
enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this agreement to arbitrate, shall be determined by arbitration in the City and County of San Francisco, California, before a single
arbitrator. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures; provided, however, if the amount in controversy is not likely to be more than the amount of the Deposit, such matter shall be
administered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures. Judgment on the award may be entered in any court having jurisdiction. This clause shall not preclude parties from seeking provisional remedies in aid of arbitration
from a court of appropriate jurisdiction. 

  
 -25- 

 NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF
THE MATTERS INCLUDED IN THE “ARBITRATION OF DISPUTES” PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY WASHINGTON LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY
INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE “ARBITRATION OF DISPUTES” PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING
TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF WASHINGTON LAW. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY. 
 WE
HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE “ARBITRATION OF DISPUTES” PROVISION TO NEUTRAL ARBITRATION. 

 

					
	        /s/ JG              	  		  	        /s/ BH              
	BUYER’S INITIALS	  		  	SELLER’S INITIALS

  
 -26- 

 9.9 Confidentiality and Return of Documents. Buyer shall maintain as confidential the
terms of this transaction and any and all information obtained by Buyer about the Seller or about the Property, this Agreement or the transactions contemplated hereby, and shall not disclose such information to any third party. Seller shall maintain
as confidential the terms of this transaction and any and all information obtained by Seller about the Buyer, this Agreement or the transactions contemplated hereby, and shall not disclose such information to any third party. Except as may be
required by law, Buyer or Seller will not divulge any such information to other persons or entities including, without limitation, appraisers, real estate brokers, or competitors of Seller or Buyer, as applicable. Notwithstanding the foregoing,
Buyer shall have the right to disclose information with respect to the Property to its officers, directors, employees, attorneys, accountants, environmental auditors, engineers, investors, potential lenders, and permitted assignees under this
Agreement and other consultants to the extent necessary for Buyer to evaluate its acquisition of the Property provided that all such persons are told that such information is confidential and agree (in writing for any third party engineers,
environmental auditors or other consultants) to keep such information confidential. The provisions of this paragraph shall survive the Closing or any termination of this Agreement. In the event that the transaction contemplated by this Agreement
does not close as provided herein, upon the request of Seller, Buyer shall promptly return to Seller all documents obtained by Buyer from Seller in connection with the purchase of the Property hereunder. 

9.10 Publicity. Seller and Buyer each hereby covenant and agree that (a) prior to the Closing neither Seller nor Buyer shall issue
any press release or similar public statement with respect to this transaction or this Agreement (a “Press Release”) without the prior consent of the other, and (b) after the Closing, any Press Release issued by either Seller or Buyer
shall be subject to the review and approval of both parties (which approval shall not be unreasonably withheld, conditioned or delayed and such response shall be provided within two (2) business days after submission of a draft of the Press
Release to the other party for review). Notwithstanding anything to the contrary herein, under no circumstances may either party issue a Press Release disclosing the identity of either party’s clients or the material transaction terms of this
Agreement. 
 9.11 Waiver of Right to Receive Seller Disclosure Statement and Waiver of Right to Rescind. PURSUANT TO REVISED CODE OF
WASHINGTON (“RCW”) CHAPTER 64.06, AS AMENDED BY CHAPTER 64, LAWS OF 2010, BUYER HEREBY WAIVES ITS RIGHT TO RECEIVE THE SELLER DISCLOSURE STATEMENT REFERRED TO THEREIN. THIS WAIVER DOES NOT EXTEND TO THE SECTION OF THE DISCLOSURE STATEMENT
ENTITLED “ENVIRONMENTAL.” 
 Seller shall provide to Buyer with the “Environmental” section of the Seller Disclosure
Statement within five (5) business days after the Effective Date and by executing this Agreement, Buyer waives its right to receive the balance of the completed Seller Disclosure Statement with respect to the Property. 

Buyer further agrees that any information discovered by Buyer concerning the Property shall not obligate Seller to prepare and deliver to
Buyer a revised or updated Seller Disclosure Statement. Buyer hereby waives any right to receive an updated or revised Seller Disclosure Statement, regardless of the source of any new information. Buyer further warrants that it is a sophisticated
buyer who is familiar with the ownership and development of real estate projects similar to the Property and Buyer has or will have adequate opportunity to complete such independent inspections of the Property it deems necessary, and will acquire
the Property solely on the basis of and in reliance upon such examinations and not on any information provided in any Seller Disclosure Statement or otherwise provided or to be provided by Seller (other than as expressly provided in the Agreement or
in the Deed). 

  
 -27- 

 BUYER HEREBY WAIVES, TO THE FULLEST EXTENT PERMISSIBLE BY LAW, THE RIGHT TO RESCIND THIS
AGREEMENT PURSUANT TO ANY PROVISION OF RCW 64.06, AS AMENDED BY CHAPTER 64, LAWS OF 2010. IT IS THE INTENT OF BUYER THAT ANY SELLER DISCLOSURE STATEMENT PROVIDED BY SELLER WILL NOT BE RELIED UPON BY BUYER, AND SHALL GIVE BUYER NO RIGHTS WITH RESPECT
TO SELLER OR UNDER THIS AGREEMENT. THIS WAIVER OF THE RIGHT TO RESCIND APPLIES TO THE SELLER DISCLOSURE STATEMENT PROVIDED TO BUYER DURING THE REVIEW PERIOD AND APPLIES PROSPECTIVELY TO ANY UPDATED OR REVISED SELLER DISCLOSURE STATEMENTS THAT MAY BE
PROVIDED BY SELLER TO BUYER. 
 9.12 Miscellaneous. The Addendum and Exhibits attached to this Agreement are made a part of this
Agreement. Neither Seller nor Buyer shall make any public announcement of this Agreement or the transactions contemplated by this Agreement without the prior consent of the other, unless any such announcement is reasonably necessary to comply with
applicable law. Except with respect to an assignment to a qualified intermediary in connection with a 1031 exchange and except for an assignment or transfer of this Agreement by Buyer to an Affiliate (as hereinafter defined) of Buyer (which
assignment or transfer may be made by Buyer without Seller’s consent, but with at least five (5) days’ prior notice), Buyer shall not assign or transfer this Agreement, or any interest in or part of this Agreement, without the prior
consent of Seller, which consent may be withheld in Seller’s sole discretion. No such assignment or transfer shall release Buyer from any obligation or liability under this Agreement. “Affiliate” shall mean an entity which is
controlled by, under common control with, or controls Buyer. Subject to the foregoing, this Agreement shall benefit and bind Seller and Buyer and their respective personal representatives, heirs, successors and assigns. Time is of the essence of
this Agreement. Buyer shall reasonably cooperate, at no cost to Buyer, with any 1031 exchange of the Property in which Seller engages. This Agreement may be executed in counterparts, each of which shall be an original, but all of which shall
constitute one and the same Agreement. The parties hereto and their respective successors and assigns are hereby authorized to rely upon the signatures of each person and entity on this Agreement which are delivered by facsimile or email
transmission in portable document format (.pdf) or other electronic imaging as constituting a duly authorized, irrevocable, actual, current delivery of this Agreement with original ink signatures of each person and entity. This Agreement may not be
amended or modified except by a written agreement signed by Seller and Buyer. This Agreement constitutes the entire and integrated agreement between Seller and Buyer relating to the purchase and sale of the Property and supersedes all prior
agreements, understandings, offers and negotiations, oral or written, with respect to the sale of the Property. 
 9.13 Audit
Information. Buyer has advised Seller that Buyer must comply with Securities and Exchange Commission Regulations S-X (17 C.F.R. § Part 210) (“Regulation SX”), including, but not limited to,
Item 3-14, which requires Buyer to cause to be prepared three (3) years of audited income statements for the Property. Seller shall provide Buyer, at either no cost or nominal cost to Seller, any
reasonable financial information, financial statements and supporting documentation in Seller’s possession or under Seller’s control as are reasonably necessary for Buyer’s auditors to prepare such audited income statements in
compliance with Regulation S-X; provided that Buyer acknowledges that Seller has not owned the Property for three (3) years, and as a result the financial information provided by Seller pursuant to this
Section 9.13 will only cover the period of Seller’s ownership of the Property. The provisions of this Section 9.13 shall survive the Closing. 

[SIGNATURE PAGES TO FOLLOW] 

  
 -28- 

 IN WITNESS WHEREOF, Seller and Buyer have executed this Agreement as of the date first
hereinabove written. 
  

									
	“SELLER”
	
	REDMOND CREATIVE, LLC,
	a Delaware limited liability company
		
	By:	 	BV/Graymark Redmond, LLC,
		 	a Delaware limited liability company,
		 	its Sole Member
			
		 	By:	 	Graymark Redmond, LLC,
		 		 	a Delaware limited liability company,
		 		 	its Operating Member
				
		 		 	By:	 	Graymark Capital, Inc.,
		 		 		 	a California corporation,
		 		 		 	its Manager
					
		 		 		 	By:	 	 /s/ Brian Hecktman

		 		 		 	Name: Brian Hecktman
		 		 		 	Title: Authorized Signatory

  
 -29- 

 
			
	“BUYER”
	
	INVESCO ADVISERS, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jason W. Geer

	Name: Jason W. Geer
	Title: Assistant Vice President

  
 -30- 

 “TITLE COMPANY” 

The Title Company is executing this Agreement solely to evidence its agreement to hold the Deposit in accordance with the terms and conditions
of this Agreement and to consummate the purchase and sale of the Property as escrow agent for Buyer and Seller pursuant to the terms of Addendum A attached hereto. 

 

			
	FIRST AMERICAN TITLE INSURANCE COMPANY
		
	By:	 	 /s/ Carol Herrera

		 	Name: Carol Herrera
		 	Title: Escrow Officer

  
 -31- 

 ADDENDUM A 

ESCROW AND CLOSING INSTRUCTIONS 

A.1. Closing Deliveries 

A.1.1. Seller’s Deliveries. On or before one (1) business day prior to the Closing Date, Seller shall deliver to the Title
Company the following original documents, each duly executed and, if required, acknowledged on behalf of Seller: 
 (a) One
(1) original of the Deed conveying the Property to Buyer subject only to the Permitted Exceptions; 
 (b) Two (2) counterpart
originals of the Assignment; 
 (c) One (1) original of the Real Estate Excise Tax Affidavit; 

(d) One (1) original of a Certificate of Nonforeign Status (the “FIRPTA”) in the form typically used by the Title Company as
well as any necessary Washington withholding forms/certificates; and 
 (e) One (1) original of an owner’s affidavit and any gap
indemnity in the forms typically used by the Title Company. 
 A.1.2. Buyer’s Deliveries. On or before one (1) business day
prior to the Closing Date, Buyer shall deliver to the Title Company: 
 (a) Immediately available funds in the amount equal to the sum of
the Purchase Price, plus Buyer’s share of the costs and prorations calculated as set forth in Section A.2 below; 
 (b) Two
(2) counterpart originals of the Assignment duly executed by Buyer; and 
 (c) One (1) original of the Real Estate Excise Tax
Affidavit. 
 A.2. Costs and Prorations. Closing costs and prorations shall be made in accordance with Article 8 of this
Agreement. 
 A.3. Closing Instructions. At such time as the conditions precedent to the Closing set forth in Article 7 of this
Agreement have been satisfied or waived in accordance with said Article 7, the Title Company shall: 
 (a) Date, as of the Closing
Date, all instruments calling for a date; 
 (b) Record the Deed in the Official Records of the Recorder’s Office; 

(c) File the Real Estate Excise Tax Affidavit; 

(d) Give Seller and Buyer telephonic notice that the close of the Escrow has occurred and obtain Seller’s instructions as to the manner
in which the Purchase Price, less Seller’s share of prorations and costs as set forth in Article 8 of this Agreement (the “Net Proceeds”) shall be disbursed to Seller; and 

  
 -1- 

 (e) Deliver to Seller the Net Proceeds in the manner specified by Seller’s
instructions given in response to the notice required by subparagraph (c) above. 
 A.4. Post-Closing Deliveries. After the Close
of Escrow, the Title Company shall deliver the following: 
 A.4.1. To Buyer: (i) a conformed copy of the Deed, as recorded;
(ii) one (1) fully executed original of the FIRPTA and the Assignment; (iii) the Title Policy; and (iv) plain copies of such other documents delivered into Escrow by Buyer and Seller to which Buyer would be, by custom and
practice, entitled. 
 A.4.2. To Seller: (i) a conformed copy of the Deed, as recorded; (ii) one (1) fully executed original
of the Assignment; and (iii) plain copies of such other documents delivered into Escrow by Buyer and Seller to which Buyer would be, by custom and practice, entitled. 

  
 -2- 

 SCHEDULE 1 

SCHEDULE OF DUE DILIGENCE DOCUMENTS 
  

	
	JLL_9805Willows_Flyer.pdf
	JLL_9805Willows_OM.pdf
	JLL __ 9805 Willows 2020 OM.avux
	Replacement Cost Analysis - 9805 Willows.xlsx
	9805 Willows Insurance Reinstatement Notice.pdf
	AR Aging 1120.pdf
	9805 WILLOW RD FLOOR 1.dwg
	9805 WILLOW RD FLOOR 2.dwg
	9805 WILLOW RD FLOOR 3.dwg
	CC&Rs - 1998 - Amendment 1.pdf
	CC&Rs - 1998 - Amendment 2.pdf
	CC&Rs - 1998.pdf
	Purchase_Agreement.docx
	Graymark 9805 Willows Redmond Lease with Facebook - Fully Executed.pdf
	SF- 1144993-v1-Graymark_ Redmond _-_Facebook_-_Notice_re_Delivery_Date.pdf
	9805 Willows FY 2019 Operating Statement.pdf
	9805 Willows YTD Oct 2020 Operating Statement.pdf
	FY 2018 Financials (Prior Owner).pdf
	Trailing 12 Month Actuals.pdf
	9805 Willows_Property Tax Bill Summary.pdf
	Redmond Creative 2020 RE Taxes.pdf
	FB 2020 CAM Est back up.pdf
	20200731 - FB SEA111_WILDSTAR - Exterior seating ideas.pdf
	20200805 - FB SEA111_WILDSTAR - APPROVED TEST-FITS.pdf
	20200918 - FB WILDSTAR - DESIGN UPDATE 14 (1).pdf
	9805 Willows Rent Roll.pdf
	Fully Executed - Redmond Creative KGIP Service Agreement (as Agent) Pacific Fire Security.pdf
	Fully Executed - KGIP Service Agreement (as Agent) Northwest Security Services, Inc.pdf
	Fully Executed - KGIP Service Agreement (as Agent) Prograss Inc.pdf
	FULLY EXECUTED - Redmond Creative, ELTEC Service Agreement.pdf
	KGIP repair summery.pdf
	Roof Warranty.pdf
	Site Plan exhibit.pdf
	DD_DWGS_SEA111_2020.10.15.pdf
	Facebook, Inc. - 10.09.20 - 10.09.21.pdf
	Hines Interests Limited Partnership - 10.01.20 - 10.01.21.pdf
	FB Form 10K_Q4 2019.pdf
	FB Form 10Q_Q3 2020.pdf
	FB-Downloadable-BS-Q3-2020.xlsx
	FB-Downloadable-PL-Q3-2020.xlsx
	ALTA SHEET 1.pdf
	ALTA SHEET 2.pdf
	ALTA SHEET 3.pdf
	ALTA SHEET 4.pdf
	9805 WILLOW RD - BOMA Gross 2010 (First Draft 1-29-15).pdf
	397327 - ESA Redmond, WA-Final.pdf
	1023303.pdf
	PSE - Redmond Creative - Electric & Gas 1859.pdf

  
 -3- 

	
	 PSE - Redmond Creative - Gas 1826.pdf

	 City of Redmond - Stormwater.pdf

	 City of Redmond - Water & Sewer.pdf

	 Redmond Creative - Vendor COI.pdf

  
 -4- 

 SCHEDULE 2 

SCHEDULE OF SERVICE CONTRACTS 
  

	 	•	 	 Landscape Maintenance (including irrigation) – Prograss Landscape 

 

	 	•	 	 Fire Panel/Alarm Monitoring – Pacific Fire & Security 

 

	 	•	 	 Security (roving patrol) – Northwest Security Systems 

 

	 	•	 	 Elevator Maintenance & Monitoring – Eltec Systems 

  
 -1- 

 EXHIBIT A 

REAL PROPERTY DESCRIPTION 
 PARCEL A: 

LOT 4 OF WILLOWS COMMERCE PARK PHASE II & PHASE III BINDING SITE PLAN NO.
BSP-98-002, RECORDED NOVEMBER 16, 1998 UNDER RECORDING NO. 9811161574, IN VOLUME 187 OF PLATS AT PAGES 1 THROUGH 9, INCLUSIVE, IN KING COUNTY, WASHINGTON. 

PARCEL B: 
 EASEMENT RIGHTS AS CONTAINED IN RECIPROCAL DETENTION
POND EASEMENT AGREEMENT RECORDED SEPTEMBER 24, 1996, UNDER KING COUNTY RECORDING NO. 9609240090, AND AS MODIFIED BY INSTRUMENTS RECORDED JULY 06, 1998 AND SEPTEMBER 24, 1999 RECORDED UNDER KING COUNTY RECORDING NOS. 9807060278 AND
990924001576. 
 PARCEL C: 
 EASEMENT RIGHTS AS CONTAINED IN
DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS AND EASEMENTS FOR WILLOWS COMMERCE PARK PHASE II AND PHASE III RECORDED NOVEMBER 16, 1998 UNDER KING COUNTY RECORDING NO. 9811161575. 

PARCEL D: 
 EASEMENT RIGHTS AS CONTAINED IN ENCROACHMENT EASEMENT
AGREEMENT RECORDED APRIL 26, 1999 UNDER KING COUNTY RECORDING NO. 9904261026, SAID INSTRUMENT IS A RE-RECORD OF RECORDING NO. 9903302390, RECORDED MARCH 30, 1999. 

PARCEL E: 
 EASEMENT RIGHTS AS CONTAINED IN FENCE ENCROACHMENT
EASEMENT AGREEMENT RECORDED MAY 26, 2000 UNDER KING COUNTY RECORDING NO. 20000526000249. 
 PARCEL F: 

EASEMENT RIGHTS AS CONTAINED IN RECIPROCAL ROCK WALL EASEMENT AGREEMENT RECORDED MAY 26, 2000 UNDER KING COUNTY RECORDING NO. 20000526000255. 

APN: 943005-0040-08 

  
 -1- 

 EXHIBIT B 

DEED 
  

	
	RECORDING REQUESTED BY AND
	WHEN RECORDED MAIL TO AND
	MAIL TAX STATEMENTS TO:
	
	      

	      

	      

	      

  
  

(Above Space For Recorder’s Use Only) 

SPECIAL WARRANTY DEED 
  

			
	Grantor:	  	REDMOND CREATIVE, LLC
		
	Grantee:	  	      

		
	Abbrev. Legal Description:	  	      

		  	Complete legal description on Exhibit A.
		
	Assessor’s Tax Parcel ID#:	  	943005-0040-08

 For the consideration of Ten and no/100 Dollars, and other valuable consideration, REDMOND CREATIVE, LLC, a
Delaware limited liability company (“Grantor”), does hereby bargain, sell, and convey to                 
(“Grantee”) the real property situate in King County, Washington, legally described on Exhibit A attached hereto and incorporated herein. 

SUBJECT TO: Items listed on Exhibit B attached hereto and incorporated herein. 

The Grantor for itself and its successors-in-interest does by
these presents expressly limit the covenants of the deed to those herein expressed, and excludes all covenants arising or to arise by statutory or other implication, and does hereby covenant that Grantor will forever warrant and defend the said
described real estate against all persons whomsoever claiming or to claim by, through, or under said Grantor and not otherwise. 

[Signatures Follow.] 

  
 -1- 

			
	DATED: ___________________, 202___.
	
	GRANTOR:
	
	 REDMOND CREATIVE, LLC,
 a
Delaware limited liability company

		
	By:	 	      

	Name:	 	      

	Title:	 	      

 [ADD ACKNOWLEDGEMENTS] 
  

			
	Exhibits	  	
	Exhibit A:	  	Legal Description
	Exhibit B:	  	Permitted Exceptions

  
 -2- 

 EXHIBIT A TO DEED 

REAL PROPERTY DESCRIPTION 
 PARCEL A: 

LOT 4 OF WILLOWS COMMERCE PARK PHASE II & PHASE III BINDING SITE PLAN NO.
BSP-98-002, RECORDED NOVEMBER 16, 1998 UNDER RECORDING NO. 9811161574, IN VOLUME 187 OF PLATS AT PAGES 1 THROUGH 9, INCLUSIVE, IN KING COUNTY, WASHINGTON. 

PARCEL B: 
 EASEMENT RIGHTS AS CONTAINED IN RECIPROCAL DETENTION
POND EASEMENT AGREEMENT RECORDED SEPTEMBER 24, 1996, UNDER KING COUNTY RECORDING NO. 9609240090, AND AS MODIFIED BY INSTRUMENTS RECORDED JULY 06, 1998 AND SEPTEMBER 24, 1999 RECORDED UNDER KING COUNTY RECORDING NOS. 9807060278 AND
990924001576. 
 PARCEL C: 
 EASEMENT RIGHTS AS CONTAINED IN
DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS AND EASEMENTS FOR WILLOWS COMMERCE PARK PHASE II AND PHASE III RECORDED NOVEMBER 16, 1998 UNDER KING COUNTY RECORDING NO. 9811161575. 

PARCEL D: 
 EASEMENT RIGHTS AS CONTAINED IN ENCROACHMENT EASEMENT
AGREEMENT RECORDED APRIL 26, 1999 UNDER KING COUNTY RECORDING NO. 9904261026, SAID INSTRUMENT IS A RE-RECORD OF RECORDING NO. 9903302390, RECORDED MARCH 30, 1999. 

PARCEL E: 
 EASEMENT RIGHTS AS CONTAINED IN FENCE ENCROACHMENT
EASEMENT AGREEMENT RECORDED MAY 26, 2000 UNDER KING COUNTY RECORDING NO. 20000526000249. 
 PARCEL F: 

EASEMENT RIGHTS AS CONTAINED IN RECIPROCAL ROCK WALL EASEMENT AGREEMENT RECORDED MAY 26, 2000 UNDER KING COUNTY RECORDING NO. 20000526000255. 

APN: 943005-0040-08 

  
 -3- 

 EXHIBIT C 

BILL OF SALE AND ASSIGNMENT OF LEASE 

AND OTHER INTANGIBLE PROPERTY 

This Bill of Sale and Assignment of Lease and Other Intangible Property (this “Assignment”) is made and entered into
__________, 2020, by and between REDMOND CREATIVE, LLC, a Delaware limited liability company (“Assignor”), and ____________________ (“Assignee”). 

WHEREAS, Assignor and Assignee are parties to that certain Purchase Agreement dated as of ___________________ __, 2020 (as amended, the
“Purchase Agreement”), pursuant to which Assignor is conveying to Assignee the real property located at ____________________ as more particularly described on Exhibit A attached hereto (the “Real Property”).

 In consideration of the covenants in this Agreement, Seller and Buyer agree as follows: 

1. Personal Property. For good and valuable consideration paid by Assignee to Assignor, the receipt and sufficiency of which are hereby
acknowledged, Assignor does hereby assign, transfer, set over and deliver unto Assignee all of Assignor’s right, title, and interest in and to all furnishings, furniture, equipment, supplies, and other personal property as are owned by Assignor
and are currently located in, on or about and are used exclusively for the operation of the Real Property (the “Personal Property”). 

2. Assignment of Lease and Other Intangible Property. For good and valuable consideration paid by Assignee to Assignor, the receipt and
sufficiency of which are hereby acknowledged, Assignor does hereby assign, transfer, set over and deliver unto Assignee (i) Assignor’s interest in that certain Lease dated as of November 8, 2019 (the “Lease”), by and
among Assignor, as landlord, and Facebook Technologies, LLC, a Delaware limited liability company (“Tenant”), as tenant, and that certain Guaranty of Lease dated November 8, 2019, executed by Facebook, Inc., a Delaware
corporation, and (ii) Assignor’s interest in all intangible property owned by Assignor and used in connection with the Real Property and Personal Property, including all trademarks and trade names used in connection with the Property, all
plans and specifications, if any, in the possession of Assignor which were prepared in connection with the construction of the improvements and all licenses, permits and warranties now in effect with respect to the Real Property to the extent
assignable, but excluding (i) any rights of Assignor against third parties including, without limitation, Tenant, with respect to the period prior to the date hereof, and (ii) the rights of Assignor to rents and other income from Tenant
and other third parties for the period prior to the date hereof (collectively, the “Other Intangible Property”). 
 3.
Assumption. Assignee hereby accepts the foregoing assignment of the Lease and Other Intangible Property described in Section 2 above and assumes the payment and performance of, and agrees to pay, perform and discharge, all the debts,
duties and obligations to be paid, performed or discharged arising on and after the Closing Date (as defined in the Purchase Agreement) by (a) the “landlord” or the “lessor” under the terms, covenants and conditions of the
Lease, including, without limitation, security deposits, and (b) the owner under the Other Intangible Property. Assignee shall indemnify, defend and hold Assignor harmless from and against any liability, damage, loss, cost or expense (including
reasonable attorneys’ fees and costs) (collectively, “Claims”) to the extent arising or accruing on or after the date hereof with respect to the Lease and Other Intangible Property. 

  
 -1- 

 4. Reservation of Benefits. Notwithstanding anything to the contrary in this
Assignment, to the extent that Assignor continues to have liability after the date hereof with respect to the Property, Assignor reserves and retains such benefits under the Lease and Other Intangible Property as are necessary or desirable for
Assignor to defend or protect itself with respect to or to assert any rights relating to any matter for which Assignor may continue to have liability from and after the date hereof; provided, however, said benefits reserved and
retained by Assignor pursuant to this section shall exist jointly with Assignee’s benefits under the Lease and Other Intangible Property, and such benefits may be enforceable by each of Assignor and Assignee to the extent of their respective
liability or damages for any matters relating thereto. Assignee and Assignor agree to cooperate with the reasonable requests of the other party in enforcing their respective benefits under the Lease and Other Intangible Property to the extent such
benefits are reserved by Assignor pursuant to the terms of this section. 
 5. LIMITATION ON LIABILITY. ASSIGNOR’S LIABILITY
UNDER THIS ASSIGNMENT SHALL BE LIMITED AS SET IN THE PURCHASE AGREEMENT. ASSIGNEE ACKNOWLEDGES AND AGREES, BY ITS ACCEPTANCE HEREOF, THAT, EXCEPT AS EXPRESSLY PROVIDED HEREIN OR IN THE PURCHASE AGREEMENT, AND SUBJECT TO THE LIMITATIONS CONTAINED IN
THE PURCHASE AGREEMENT, THE PERSONAL PROPERTY, LEASE AND OTHER INTANGIBLE PROPERTY ARE CONVEYED “AS IS, WHERE IS” AND IN THEIR PRESENT CONDITION WITH ALL FAULTS, AND THAT ASSIGNOR HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY DISCLAIMS ANY
REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS TO, CONCERNING OR WITH RESPECT TO THE NATURE, QUALITY OR
CONDITION OF THE SUCH ITEMS, THE INCOME TO BE DERIVED THEREFROM, OR THE ENFORCEABILITY, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF SUCH ITEMS. 

6. Severability. If any term or provision of this Assignment or the application thereof to any persons or circumstances shall, to any
extent, be invalid or unenforceable, the remainder of this Assignment or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby, and each
term and provision of this Assignment shall be valid and enforced to the fullest extent permitted by law. 
 7. Counterparts. This
Assignment may be executed in counterparts, each of which shall be an original and all of which counterparts taken together shall constitute one and the same agreement. 

8. Miscellaneous. This Assignment and the obligations of the parties hereunder shall be binding upon and inure to the benefit of the
parties hereto, their respective legal representatives, successors and assigns, shall be governed by and construed in accordance with the laws of the State in which the Real Property is located applicable to agreements made and to be wholly
performed within said State and may not be modified or amended in any manner other than by a written agreement signed by the party to be charged therewith. This Assignment is made subject, subordinate and inferior to the easements, covenants and
other matters and exceptions of record. 
 IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed on the day
and year first above written. 
 [INSERT SIGNATURES AND EXHIBITS] 

  
 -2- 

 EXHIBIT D 

FORM OF ESTOPPEL CERTIFICATE 

The entity named below (undersigned as “Tenant”) is tenant under that certain Lease (the “Lease”) made and entered into as
of ___________, 2019 by and between Redmond Creative, LLC, a Delaware limited liability company, as Landlord, and Tenant, for certain premises (the “Premises”) being more particularly described in the Lease in the building located at 9805
Willows Road NE, Redmond, Washington (the “Building”), certifies as follows: 
 1. Attached hereto as Exhibit A is a true
and correct copy of the Lease and all amendments and modifications thereto. The documents contained in Exhibit A represent the entire agreement between the parties as to the Premises. 

2. The Lease Term commenced on __________. 

3. The Lease Expiration Date is _________. 

4. Tenant has no right or option to purchase the Building (or any portion thereof). Except as set forth in the Lease, Tenant has no option to
terminate or cancel the Lease or cancel the lease of all or any part of the Premises. 
 5. The Lease is in full force and effect and has not
been modified, supplemented or amended in any way except as provided in Exhibit A. 
 6. Tenant has not transferred, assigned, or
sublet any portion of the Premises nor entered into any license or concession agreements with respect thereto except as follows:
                                     
                                         
                                         
     . 
 7. All monthly installments of Monthly Rent have been paid when due through ___________. The current
monthly installment of Base Rent is $_____________________ and the current monthly installment of Operating Expenses and Property Taxes is $____________________. 

8. To Tenant’s actual knowledge, all conditions of the Lease to be performed by Landlord necessary to the enforceability of the Lease have
been satisfied and Landlord is not in default thereunder, except as follows: _________. In addition, Tenant has not delivered any notice to Landlord regarding a default by Landlord under the Lease, except as follows: __________. 

9. No rental has been paid more than thirty (30) days in advance and no security has been deposited with Landlord except as provided in
the Lease. 
 10. To Tenant’s actual knowledge, as of the date hereof, there are no existing defenses or offsets claims or any basis for
a claim, that Tenant has against Landlord, except as follows: __________. 
 11. If Tenant is a corporation or partnership, Tenant hereby
represents and warrants that Tenant is a duly formed and existing entity qualified to do business in Washington and that Tenant has full right and authority to execute and deliver this Estoppel Certificate and that each person signing on behalf of
Tenant is authorized to do so. 
 12. There are no actions pending against Tenant under the bankruptcy or similar laws of the United States
or any state, except as follows: __________________. 

 13. Except as permitted by the Lease, Tenant has not used or stored any hazardous substances
in the Premises. 
 14. To Tenant’s actual knowledge, all improvement work to be performed by Landlord under the Lease has been
completed in accordance with the Lease and has been accepted by Tenant and all reimbursements and allowances due to Tenant under the Lease in connection with any improvement work have been paid in full, except as follows: ___________. 

Initially capitalized terms used and not defined herein shall have the meanings set forth in the Lease. As used herein, Tenant’s
“actual knowledge” means the current, actual knowledge of the person executing this document on behalf of Tenant, without any duty of investigation or inquiry, but Tenant hereby represents and warrants that the person executing this
document has sufficient knowledge to make the certifications herein. This estoppel certificate does not constitute an independent contractual undertaking or constitute representations, warranties or covenants or otherwise have legal effect other
than estopping Tenant from asserting to or against the recipient named herein (the “Recipient”) any contrary facts or claims. Furthermore, this certificate will not be construed or operate to waive any Tenant right to receive any
reimbursement in connection with any reconciliation or to audit the records of Landlord and Recipient to confirm Landlord’s and Recipient’s compliance with its obligations under the Lease. 

Tenant acknowledges that this Estoppel Certificate may be delivered to Landlord or to a prospective mortgagee or prospective purchaser, and
acknowledges that said prospective mortgagee or prospective purchaser will be relying upon the statements contained herein in making the loan or acquiring the property of which the Premises is a part and that receipt by it of this certificate is a
condition of making such loan or acquiring such property. 
 Executed at ______________ on the ____ day of ___________, 20__. 

 

					
	“Tenant”:
	                                    
                                         
           ,
	a	 	                                    
                                         
       
		
	By:	 	                                    
                                         
       
		 	Its:	 	                                      
                                         
 

 EXHIBIT E 

TENANT INDUCEMENTS 
 Effective as of
December 1, 2020, the amount of outstanding Abated Rent is equal to $647,840.00 (e.g., $161,960 per month from December 1, 2020 through March 31, 2020). 

Effective as of December 1, 2020, the full amount of the Allowance remains unpaid to Tenant (e.g., $3,501,347).EX-10.13

 EXHIBIT 10.13 

Execution Version 

CONTRACT OF SALE 
 BY
AND BETWEEN 
 BIT HIGHLAND PARK APARTMENTS, LLC 

CORTONA SELLER 
 AND

 BIT ENCORE AT FOREST PARK APARTMENTS, LLC 

ENCORE SELLER 
 AND

 INVESCO ADVISERS, INC. 

BUYER 
 DATED:
January 13, 2021 

 [Certain information marked as [***] has been excluded from Exhibit D to this Exhibit 10.13
because it is both (i) not material and (ii) the type that the registrant treats as private or confidential.] 
 CONTRACT OF SALE 

THIS CONTRACT OF SALE (this “Contract”), dated as of January 13, 2021 (“Effective Date”), is
made and entered into by and between BIT HIGHLAND PARK APARTMENTS, LLC, a Delaware limited liability company (“Cortona Seller”), BIT ENCORE AT FOREST PARK APARTMENTS, LLC, a Delaware limited liability company (“Encore
Seller”, and collectively with Cortona Seller, “Seller”), and INVESCO ADVISERS, INC., a Delaware corporation (“Buyer”). 

EXPLANATORY STATEMENT 
 A.
Cortona Seller is the owner of the Cortona Property (as defined below) and Encore Seller is the owner of the Encore Property (as defined below); and 

B. Buyer desires to purchase the Property (as defined below) from Seller and Seller desires to sell the Property to Buyer, all on the terms and
conditions hereinafter set forth. 
 NOW, THEREFORE, for and in consideration of the sum of Ten Dollars ($10) and other good and
valuable consideration in hand paid by Seller to Buyer and by Buyer to Seller on the execution of this Contract, the receipt and sufficiency of which are hereby acknowledged by each of Seller and Buyer, Buyer and Seller hereby agree as follows: 

1. DEFINITIONS. 
 Wherever
used in this Contract, the following terms shall have the meanings set forth below: 
 “Access and Indemnity Agreement”
means that certain Access and Indemnity Agreement dated as of December 14, 2020, between Seller and Buyer, as amended. 

“Additional Deposit” means the amount of One Million Five Hundred Thousand and No/00 Dollars ($1,500,000.00), and all
interest earned thereon, to be paid by Buyer to Escrow Agent. 
 “Anti-Terrorism Laws” has the meaning assigned to it in
Section 8.2.1. 
 “Bill of Sale” means the form of transfer of certain property attached
hereto as Exhibit J. 
 “Broker” has the meaning assigned to it in Section 12.2.

 “Building(s)” means the Cortona Building and the Encore Building. 

“Business Day” means Monday through Friday excluding holidays recognized by the State of Missouri. 

“Buyer Group” means Buyer, on behalf of itself and its successors and assigns, and its and their affiliates,
subsidiaries, divisions, and related business entities, agents, employees, shareholders, partners, members, officers, directors, attorneys, insurers, contractors, consultants, prospective lenders, and representatives of every kind whatsoever. 

“Buyer’s Reports” has the meaning assigned to it in Section 3.2. 

“Cap Amount” has the meaning assigned to it in Section 7.2.4. 

 “Casualty” has the meaning assigned to it in
Section 9.1. 
 “Close” means act of settlement under this Contract. 

“Closing” means the consummation of Seller’s obligation to sell and Buyer’s obligation to purchase the Property as
contemplated in this Contract. 
 “Closing Date” means January 27, 2021. 

“Closing Documents” has the meaning assigned to it in Section 3.1 hereof. 

“Condemnation Proceeding” means any proceeding in condemnation, eminent domain, or any written request for a conveyance in
lieu thereof, or any notice that such proceedings have been or will be commenced against any portion of the Property. 

“Confidential Information” has the meaning assigned to it in Section 3.2.5. 

“Cortona Building(s)” means building(s) located on the Cortona Land. 

“Cortona Conversion and Sale Restrictive Covenant” means the Conversion and Sale Restrictive Covenant for the Cortona
Property in the form attached hereto as Exhibit L. 
 “Cortona Deed” has the meaning assigned to it in
Section 5.2.1. 
 “Cortona Improvements” means the Cortona Building and any other
building, structures (surface and subsurface), and other improvements and fixtures situated on or attached to any parcel of the Cortona Land. 

“Cortona Land” means that certain tract(s) or parcel(s) of land described on Exhibit A-1, together with all rights, rights of way, easements, appurtenances, in any manner belonging to, or pertaining to such tract(s) or parcel(s) of land, and all right, title, and interest, if any, of
Cortona Seller in and to any and all strips and gores of land located on or adjacent to the Cortona Land, and in and to any roads, streets, and ways, public or private, open or proposed, in front of or adjoining all or any part of the land and
serving the land, and all rights of Cortona Seller (if any, and only to the extent assignable) to development of the land granted by any Governmental Authority. 

“Cortona Local Property Manager” means the property manager engaged by Cortona Seller to manage and operate the
Cortona Property. 
 “Cortona Names” means all right, title, and interest (if any) of Cortona Seller in and to any name or
trade name by which the Cortona Land or Cortona Improvements or any part thereof may be known, including, but not limited to, “Cortona,” and any other rights of Cortona Seller in and to any fictitious names used on the Effective Date for
the ownership and operation of the Cortona Property and all registrations for such names to the extent assignable, provided that Cortona Seller makes no representation or warranty with respect to its rights or interests in any Cortona Names. 

“Cortona Other Interest” means any interest of Cortona Seller in and to the Cortona Property other than the Cortona Land and
the Cortona Improvements or pertaining thereto, including, but not limited to, all of the right, title, and interest of Cortona Seller in and to the following: 

  
 2 

 (a) Any award made or to be made in lieu of any of Cortona Seller’s interests to be
conveyed, including, but not limited to, any award or payment made or to be made (i) for any taking in any Condemnation Proceeding of land lying in the bed of any street, road, highway, or avenue, open or proposed, in front of or adjoining all
or any part of the Cortona Land, and (ii) for damage to the Cortona Property or any part thereof by reason of change of grade or closing of any such street, road, highway, or avenue, and (iii) for any taking in a Condemnation Proceeding of
any part of the Cortona Property; and 
 (b) The Cortona Warranties and Cortona Permits to the extent assignable. 

“Cortona Permits” mean all licenses, permits, approvals, and certificates used in or relating to or required by a Governmental
Authority or by any Legal Requirement in connection with the ownership, occupancy, maintenance, repair, or operation of all or any part of the Cortona Property. 

“Cortona Personal Property” means all personal property owned by Cortona Seller, if any, and used for the
occupation or operation of all or any part of the Cortona Land or the Cortona Improvements or both, together with (to the extent not constituting a portion of the Cortona Land and Cortona Improvements) all fixtures, furniture, furnishings,
carpeting, draperies, fittings, equipment, machinery, apparatus, building materials, appliances and articles, including, but not limited to, all elevators, escalators, boilers, furnaces, heating, ventilating and
air-conditioning systems, office furnishings and equipment, building drawings, plans and specifications, building materials and wall partitions, sprinkler and well systems, sewerage systems, electrical
equipment, fire prevention and extinguishing apparatus, engineering, maintenance and housekeeping supplies and materials, mowers and edgers and other lawn maintenance equipment and supplies, and other supplies of all kinds used for the maintenance
and operation of the Cortona Property and located on the Cortona Land, which are on hand on the Effective Date, subject to such depletion and including such re-supplying as shall occur and be made in the
normal course of business, including but not limited to the items, if any, listed on Exhibit B-1; excluding, however, (a) all items of personal property that are the property of Tenants, and
(b) the rights of the owner of any equipment leased pursuant to, or owned by parties other than Cortona Seller pursuant to the Cortona Service Contracts. 

“Cortona Property” means the Cortona Land, the Cortona Improvements, the Cortona Names, the Cortona Tenant Leases, the
Cortona Tenant Deposits, the Cortona Surviving Service Contracts, the Cortona Personal Property, and the Cortona Other Interests. 

“Cortona Roof Warranty” means that certain Versico Total Roofing System Warranty with respect to the Cortona Property
bearing a date of acceptance by Versico of August 15, 2014. 
 “Cortona Service Contracts” means all union,
service, maintenance, and other contracts respecting leasing, management, maintenance, or operation of the Cortona Property, including, but not limited to, contracts for HVAC, fire alarms, security, sprinkler systems, snow removal, roof maintenance,
and management agreements and all leases by which equipment is leased to Cortona Seller and is used for the occupation or operation of the Cortona Property. 

“Cortona Surviving Service Contracts” means (i) those Cortona Service Contracts that Buyer does not reject before the
expiration of the Study Period pursuant to the terms hereof; (ii) those Cortona Service Contracts Buyer elects to have Cortona Seller terminate but that require payment of any sum or will cause liability to be incurred by Cortona Seller in
connection with such termination except to the extent Buyer, at its option, elects to pay any such termination fee or sum as of Closing, (iii) the agreements 

  
 3 

 
listed on Exhibit E-1, and (iv) those Cortona Service Contracts that Buyer rejects before the expiration of the Study Period and
which are terminated upon thirty (30) days’ notice by Cortona Seller at Closing, but whose term continues for the balance of the thirty (30) day notice period. In no event shall the Cortona Surviving Service Contracts include
(a) the property management agreement with the Local Property Manager (or any other party), (b) any asset management agreements with any party, (c) any leasing agreements with any party, or (d) any brokerage agreements with any party,
all of which shall be terminated by Cortona Seller effective as of the Closing Date at no cost to Buyer. 
 “Cortona Tenant
Deposits” means all security deposits and pet deposits, if any, made with respect to each of the Cortona Tenant Leases, including accrued interest to the extent required by applicable Law. 

“Cortona Tenant Leases” means the leases of the Cortona Building between Cortona Seller, as landlord, and Tenants. 

“Cortona Warranties” means, to the extent assignable, each now existing and outstanding guaranty, bond, and warranty
concerning the Cortona Land or the Cortona Improvements located thereon or the Cortona Personal Property, all in conjunction with the construction, operation, and/or maintenance of the Cortona Improvements, or arising out of, made, given, or issued,
by manufacturers or suppliers, in conjunction with the Cortona Improvements or the Cortona Personal Property, including without limitation, to the extent that Buyer pays the applicable transfer fee and Versico consents to the assignment of the
Cortona Roof Warranty to Buyer, the Cortona Roof Warranty. 
 “Covered Entity” has the meaning assigned to it in
Section 8.2.1. 
 “Damage Limit” has the meaning assigned to it in
Section 9.1.1. 
 “Deposit” means the Initial Deposit together with, if made
pursuant to this Contract, the Additional Deposit. The Deposit shall be non-refundable except as otherwise expressly set forth in this Contract. 

“Due Diligence Inspections” has the meaning assigned to it in Section 3.2. 

“Due Diligence Materials” has the meaning assigned to it in Section 3.1.2. 

“Effective Date” means the date set forth on the first page of this Contract. 

“Encore Building(s)” means building(s) located on the Encore Land. 

“Encore Conversion and Sale Restrictive Covenant” means the Conversion and Sale Restrictive Covenant for the Encore
Property in the form attached hereto as Exhibit L. 
 “Encore Deed” has the meaning assigned to it in
Section 5.2.1. 
 “Encore Improvements” means the Encore Building and any other building,
structures (surface and subsurface), and other improvements and fixtures situated on or attached to any parcel of the Encore Land. 

  
 4 

 “Encore Land” means that certain tract(s) or parcel(s) of land described on
Exhibit A-2, together with all rights, rights of way, easements, appurtenances, in any manner belonging to, or pertaining to such tract(s) or parcel(s) of land,
and all right, title, and interest, if any, of Encore Seller in and to any and all strips and gores of land located on or adjacent to the Encore Land, and in and to any roads, streets, and ways, public or private, open or proposed, in front of or
adjoining all or any part of the land and serving the land, and all rights of Encore Seller (if any, and only to the extent assignable) to development of the land granted by any Governmental Authority. 

“Encore Local Property Manager” means the property manager engaged by Encore Seller to manage and operate the Encore
Property. 
 “Encore Names” means all right, title, and interest (if any) of Encore Seller in and to any name or trade name
by which the Encore Land or Encore Improvements or any part thereof may be known, including, but not limited to, “Encore,” and any other rights of Encore Seller in and to any fictitious names used on the Effective Date for the ownership
and operation of the Encore Property and all registrations for such names to the extent assignable, provided that Encore Seller makes no representation or warranty with respect to its rights or interests in any Encore Names. 

“Encore Other Interest” means any interest of Encore Seller in and to the Encore Property other than the Encore Land and the
Encore Improvements or pertaining thereto, including, but not limited to, all of the right, title, and interest of Encore Seller in and to the following: 

(a) Any award made or to be made in lieu of any of Encore Seller’s interests to be conveyed, including, but not limited to, any award or
payment made or to be made (i) for any taking in any Condemnation Proceeding of land lying in the bed of any street, road, highway, or avenue, open or proposed, in front of or adjoining all or any part of the Encore Land, and (ii) for
damage to the Encore Property or any part thereof by reason of change of grade or closing of any such street, road, highway, or avenue, and (iii) for any taking in a Condemnation Proceeding of any part of the Encore Property; and 

(b) The Encore Warranties and Encore Permits to the extent assignable. 

“Encore Permits” mean all licenses, permits, approvals, and certificates used in or relating to or required by a Governmental
Authority or by any Legal Requirement in connection with the ownership, occupancy, maintenance, repair, or operation of all or any part of the Encore Property. 

“Encore Personal Property” means all personal property owned by Encore Seller, if any, and used for the occupation or
operation of all or any part of the Encore Land or the Encore Improvements or both, together with (to the extent not constituting a portion of the Encore Land and Encore Improvements) all fixtures, furniture, furnishings, carpeting, draperies,
fittings, equipment, machinery, apparatus, building materials, appliances and articles, including, but not limited to, all elevators, escalators, boilers, furnaces, heating, ventilating and air-conditioning
systems, office furnishings and equipment, building drawings, plans and specifications, building materials and wall partitions, sprinkler and well systems, sewerage systems, electrical equipment, fire prevention and extinguishing apparatus,
engineering, maintenance and housekeeping supplies and materials, mowers and edgers and other lawn maintenance equipment and supplies, and other supplies of all kinds used for the maintenance and operation of the Encore Property and located on the
Encore Land, which are on hand on the Effective Date, subject to such depletion and including such re-supplying as shall occur and be made in the normal course of business, including but not limited to the
items, if any, listed on Exhibit B-2; excluding, however, (a) all items of personal property that are the property of Tenants, and (b) the rights of the owner of any equipment leased
pursuant to, or owned by parties other than Encore Seller pursuant to the Encore Service Contracts. 

  
 5 

 “Encore Property” means the Encore Land, the Encore Improvements, the
Encore Names, the Encore Tenant Leases, the Encore Tenant Deposits, the Encore Surviving Service Contracts, the Encore Personal Property, and the Encore Other Interests. 

“Encore Roof Warranty” means that certain Versico Total Roofing System Warranty with respect to the Encore Property bearing a
date of acceptance by Versico of August 7, 2018. 
 “Encore Service Contracts” means all union, service, maintenance,
and other contracts respecting leasing, management, maintenance, or operation of the Encore Property, including, but not limited to, contracts for HVAC, fire alarms, security, sprinkler systems, snow removal, roof maintenance, and management
agreements and all leases by which equipment is leased to Encore Seller and is used for the occupation or operation of the Encore Property. 

“Encore Surviving Service Contracts” means (i) those Encore Service Contracts that Buyer does not reject before the
expiration of the Study Period pursuant to the terms hereof; (ii) those Encore Service Contracts Buyer elects to have Encore Seller terminate but that require payment of any sum or will cause liability to be incurred by Encore Seller in
connection with such termination except to the extent Buyer, at its option, elects to pay any such termination fee or sum as of Closing, (iii) the agreements listed on Exhibit E-2,
and (iv) those Encore Service Contracts that Buyer rejects before the expiration of the Study Period and which are terminated upon thirty (30) days’ notice by Encore Seller at Closing, but whose term continues for the balance of
the thirty (30) day notice period. In no event shall the Encore Surviving Service Contracts include (a) the property management agreement with the Local Property Manager (or any other party), (b) any asset management agreements with any
party, (c) any leasing agreements with any party, or (d) any brokerage agreements with any party, all of which shall be terminated by Encore Seller effective as of the Closing Date at no cost to Buyer. 

“Encore Tenant Deposits” means all security deposits and pet deposits, if any, made with respect to each of the Encore Tenant
Leases, including accrued interest to the extent required by applicable Law. 
 “Encore Tenant Leases” means the leases of
the Encore Building between Encore Seller, as landlord, and Tenants. 
 “Encore Warranties” means, to the extent
assignable, each now existing and outstanding guaranty, bond, and warranty concerning the Encore Land or the Encore Improvements located thereon or the Encore Personal Property, all in conjunction with the construction, operation, and/or maintenance
of the Encore Improvements, or arising out of, made, given, or issued, by manufacturers or suppliers, in conjunction with the Encore Improvements or the Encore Personal Property, including without limitation, (i) to the extent that Buyer pays
the applicable transfer fee and Versico consents to the assignment of the Encore Roof Warranty to Buyer, the Encore Roof Warranty, and (ii) that certain one-year warranty by Holland Construction Services,
Inc. contained in letter to Mr. Mark Milford dated December 4, 2020. 
 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended. 
 “Escrow Agent” means Commonwealth Title of Dallas, Inc. 

“Exception Matter” has the meaning assigned to it in Section 7.2.3. 

“Floor Amount” has the meaning assigned to it in Section 7.2.4. 

  
 6 

 “Governmental Authority” means any federal, state, municipal, or other
governmental or quasi-governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign. 

“Governmental Body” has the meaning assigned to it in Section 8.2.1. 

“Hazardous Material” means any substance, chemical, waste, or material that is or becomes regulated by Governmental Authority
because of its toxicity, infectiousness, radioactivity, explosiveness, ignitability, corrosiveness, or reactivity, including, but not limited to, asbestos or any substance containing more than 0.1 percent asbestos, the group of compounds known
as polychlorinated biphenyls, flammable explosives, oil, petroleum, or any refined petroleum product. 

“Improvements” means the Cortona Improvements and the Encore Improvements. 

“Initial Deposit” means the amount of One Million Five Hundred Thousand and No/00 Dollars ($1,500,000.00), and all interest
earned thereon, to be paid by Buyer to Escrow Agent by means of a wire transfer of immediately available federal funds to the account designated by Escrow Agent. 

“Knowledgeable Party” means Robert Coulman, Seller’s asset manager for the Property. Robert Coulman shall have no
personal liability under this Contract or otherwise. 
 “Land” means the Cortona Land and the Encore Land. 

“Law” has the meaning assigned to it in Section 8.2.1. 

“Legal Requirement” means all applicable present and future statutes, regulations, rules, ordinances, codes, Permits, orders,
plans, authorizations, and similar items, of every Governmental Authority having jurisdiction over the owner of the Property, the Property, or any other legal requirements applicable to the Property, including, without limitation, those pertaining
to the use, operation, occupancy, maintenance, repair, and existence of the Property. 
 “Lien” means any mortgage,
security deed, lien, judgment, pledge, conditional sales contract, security interest, past-due taxes, past-due assessments, or similar encumbrance against the Property
of a monetary nature, except any of such arising out of actions of Buyer. 
 “Local Property Manager” means the Cortona
Local Property Manager and/or the Encore Local Property Manager, as applicable. 
 “Local Time” means the local time in St.
Louis, Missouri. 
 “Mold” means mold, mildew, fungus, fungal spores, fragments, metabolites, mycotoxins, volatile organic
compounds or other potentially dangerous organisms. 
 “Mold Condition” means the presence or suspected presence of
Mold or any condition(s) that reasonably can be expected to give rise to or indicate the presence of Mold, including observed or suspected instances of water damage or intrusion, the presence of wet or damp wood, cellular wallboard, floor coverings
or other materials, inappropriate climate control, discoloration of walls, ceilings, or floors, complaints of respiratory ailment or eye irritation by tenants, employees, or any other occupants or invitees in the Property, or any notice from a
Governmental Authority of complaints regarding the indoor air quality at the Property. 

  
 7 

 “Names” means the Cortona Names and the Encore Names. 

“Notice of Breach” has the meaning assigned to it in Section 7.2.2. 

“Other Interest” means the Cortona Other Interest and the Encore Other Interest. 

“Permits” mean the Cortona Permits and the Encore Permits. 

“Permitted Encumbrances” means, subject to Buyer’s rights to review and make objection to the status of title and
the Survey as set forth in this Contract, each of the following: (a) the Tenant Leases and the rights of Tenants in possession under the Tenant Leases; (b) all real estate taxes and assessments, both general and special, not yet due and
payable as of the Closing Date; (c) zoning ordinances and subdivision regulations and other Legal Requirements; (d) any other title and survey matters approved (or deemed approved) by Buyer in accordance with this Contract;
(e) the Cortona Conversion and Sale Restrictive Covenant and the Encore Conversion and Sale Restrictive Covenant; and (f) matters created by Buyer or Buyer’s Group. 

“Personal Property” means the Cortona Personal Property and the Encore Personal Property. 

“PNC” has the meaning assigned to it in Section 8.1.6. 

“Property” means the Cortona Property and the Encore Property. 

“Protected Information” means any (a) appraisal of all or any portion of the Property, (b) internal
valuation records of Seller, (c) information protected by the attorney-client or work product privileges and any other proprietary, confidential, or privileged information, (d) personnel records of Seller, (e) documents and records
relating to the formation and existence of Seller, (f) documents evidencing any loans, credit facilities, or other financial accommodations made to Seller for its acquisition, ownership, and operation of the Property, (g) documents
relating to the disposition or proposed disposition of all or any portion of the Property in the nature of agreements of sale, letters of intent, and internal plans and analyses, (h) proposals, contracts, or other agreements with consultants or
advisors, and (i) all property and physical condition reports, analyses, studies, and surveys (other than title policies, Phase I reports, ALTA and similar surveys by civil engineers). 

“Purchase Price” means an amount equal to One Hundred Forty-Six Million One Hundred
Fifty Thousand Dollars ($146,150,000.00). Buyer and Seller agree that portion of the Purchase Price in amount equal to Seventy Million Nine Hundred Twenty-Five Thousand Dollars ($70,925,000) shall be allocated to the Cortona Property and the
remainder of the Purchase Price in an amount equal to Seventy-Five Million Two Hundred Twenty-Five Thousand Dollars ($75,225,000) shall be allocated to the Encore Property. The Purchase Price shall be payable in the manner described in this
Contract, subject to adjustments as provided in this Contract. 
 “Rent Ready” has the meaning assigned to it in
Section 4.3.16. 
 “Rent Roll(s)” means (i) the rent roll for the Cortona Property as set
forth on Exhibit D-1 and (ii) the rent roll for the Encore Property as set forth on
Exhibit D-2, each as amended pursuant to this Contract. 

  
 8 

 “Rental Payments” means all payments received by or on the behalf of
Seller from Tenants or with respect to the Tenant Leases or for any other use or occupancy of the Property for items such as minimum or base rent, additional rent, percentage rent, termination or cancellation charges, pet deposits to the extent not
forfeited in accordance with landlord’s policies or agreements, reimbursement for real estate taxes, utilities, operating and maintenance expenses and insurance, as well as any other reimbursements or charges received thereunder, but excluding
Tenant Deposits. 
 “Reportable Compliance Event” has the meaning assigned to it in
Section 8.2.1. 
 “Sanctioned Country” has the meaning assigned to it in
Section 8.2.1. 
 “Sanctioned Person” has the meaning assigned to it in
Section 8.2.1. 
 “Seller Group” means Cortona Seller, Encore Seller and each of their current
and former members, affiliates and related business entities, trustees, agents, shareholders, employees, officers, directors, successors, assigns, attorneys, advisers, insurers, and representatives of every kind whatsoever. 

“Seller’s Condemnation Notice” has the meaning assigned to it Section 9.2. 

“Seller’s Knowledge” means the actual present knowledge of the Knowledgeable Party, it being understood and agreed that
(a) neither Seller nor the Knowledgeable Party has conducted any independent investigation of the Property, (b) Seller’s primary contact with the Property has been through Seller’s Local Property Manager, and (c) the
Knowledgeable Party shall have no duty or obligation to investigate the matters to which such actual present knowledge applies. 

“Service Contracts” means the Cortona Service Contracts and the Encore Service Contracts. A summary list of the
Service Contracts (including identity of contract parties and date of contract) as of the Effective Date is attached hereto as Exhibit E. 

“Settlement Statements” has the meaning assigned to it in Section 5.2.8. 

“Study Period” means the period beginning on the effective date of the Access and Indemnity Agreement and expiring at 5:00 pm
(Local Time) on January 12, 2021. 
 “Survey” means, collectively, the ALTA surveys of the Cortona Land and the Encore
Land performed for the benefit of Buyer. 
 “Surviving Service Contracts” means the Cortona Surviving Service
Contracts and the Encore Surviving Service Contracts. 
 “Tenant” means the tenant under a Tenant Lease; and
“Tenants” refers to more than one Tenant. 
 “Tenant Deposits” means the Cortona Tenant Deposits and the
Encore Tenant Deposits. 
 “Tenant Leases” means the Cortona Tenant Leases and the Encore Tenant Leases. 

“Title Commitment” means, collectively, the written commitments by the Title Company to issue an ALTA 2006 owner’s title
insurance policy or policies to Buyer without any endorsements or extended coverage. 

  
 9 

 “Title Company” means Commonwealth Title of Dallas, Inc., as agent for
Commonwealth Land Title Insurance Company. 
 “Title Objection” means a defect in title (other than the Permitted
Encumbrances) disclosed in the Title Commitment to which Buyer objects in writing as set forth in Section 3.3 below. 

“Title Policy” shall mean the owner’s policy or owner’s policies of title insurance to be issued by the Title
Company at Closing based on the Title Commitment, insuring title to the Property to be vested in Buyer as of the Closing Date in the amount of the Purchase Price, subject only to the Permitted Encumbrances. 

“Title/Survey Review Period” means the period beginning on the effective date of the Access and Indemnity Agreement and
expiring at 5:00 pm (Local Time) on January 6, 2021. 
 “Warranties” means the Cortona Warranties and the Encore
Warranties. 
  

	 	2.	 PURCHASE AND SALE; ESCROW AND SELLER’S CLOSING. 

Buyer shall purchase from Seller, and Seller shall sell to Buyer, the Property. The purchase and sale of the Property shall be on, and subject
to, the terms and conditions hereinafter set forth. Provided all of Buyer’s and Seller’s conditions precedent are satisfied or waived by Buyer or Seller, as applicable, the Closing shall be held no later than 1:30 p.m. Local Time, on the
Closing Date. Closing shall be through escrow with the Escrow Agent, pursuant to escrow instructions from each party that are consistent with this Contract. Time is of the essence with respect to the Closing Date and the delivery of Seller’s
and Buyer’s deliveries. 
  

	 	3.	 STUDY PERIOD AND DISCLAIMERS, DISCLOSURES, AND RELEASES. 

3.1 “As Is, Where Is With All Faults” Condition. Except as specifically provided for in this
Contract or in the documents executed and delivered by Seller to Buyer at the Closing (the “Closing Documents”), Buyer acknowledges and agrees that the Property is being sold by Seller in its “AS IS, WHERE IS, WITH ALL
FAULTS” condition without any representation or warranty, either express or implied, oral or written, about the condition of the Property. Except as expressly provided for in this Contract or in the documents executed and delivered by
Seller to Buyer at the Closing, BUYER ACKNOWLEDGES THAT SELLER HAS NOT MADE, DOES NOT MAKE, AND SPECIFICALLY NEGATES, RENOUNCES, AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS, OR GUARANTIES OF ANY KIND OR CHARACTER
WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, AS TO, CONCERNING, OR WITH RESPECT TO, (A) THE VALUE, INVESTMENT POTENTIAL, OPERATION, OR RESALE OF THE PROPERTY OR THE NATURE, QUALITY, OR CONDITION OF THE PROPERTY, INCLUDING, BUT NOT
LIMITED TO, THE WATER, SOIL, AND GEOLOGY, (B) THE SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES AND USES THAT MAY BE CONDUCTED THEREON OR FOR ANY PARTICULAR PURPOSE, (C) THE COMPLIANCE OF OR BY THE PROPERTY WITH ANY LEGAL
REQUIREMENT, (D) THE HABITABILITY, MERCHANTABILITY, MARKETABILITY, PROFITABILITY, OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY, (E) THE QUALITY OF CONSTRUCTION AND INTEGRITY OF THE PROPERTY OR THE CONDITION OR SAFETY OF THE PROPERTY
OR ANY IMPROVEMENTS THEREON, INCLUDING, BUT NOT LIMITED TO, PLUMBING, SEWER, HEATING, VENTILATING AND ELECTRICAL SYSTEMS, ROOFING, AIR CONDITIONING, FOUNDATIONS, SOILS, GEOLOGY, AND LOT SIZE, (F) THE ENVIRONMENTAL CONDITION OF THE PROPERTY,
INCLUDING, BUT NOT LIMITED TO, THE PRESENCE OR ABSENCE, LOCATION, OR SCOPE OF ANY HAZARDOUS MATERIALS, MOLD, OR MOLD CONDITION IN, AT, ABOUT, OR UNDER THE PROPERTY, (G) 

  
 10 

 
THE ACCURACY OR COMPLETENESS OF ANY STATEMENTS, CALCULATIONS, OR CONDITIONS STATED OR SET FORTH IN SELLER’S BOOKS AND RECORDS CONCERNING THE PROPERTY OR SET FORTH IN ANY OF SELLER’S
OFFERING MATERIALS FOR THE PROPERTY OR WHETHER THE DUE DILIGENCE MATERIALS (DEFINED BELOW) CONSTITUTE ALL OF THE DOCUMENTS, AGREEMENTS, AND OTHER INFORMATION IN THE POSSESSION OF SELLER RELATING TO THE PROPERTY, (H) THE DIMENSIONS OF THE
PROPERTY OR THE ACCURACY OF ANY FLOOR PLANS, SQUARE FOOTAGE, LEASE ABSTRACTS, SKETCHES, REVENUE, OR EXPENSE PROJECTIONS RELATED TO THE PROPERTY, (I) THE OPERATING PERFORMANCE, THE INCOME AND EXPENSES OF THE PROPERTY, OR THE ECONOMIC STATUS OF
THE PROPERTY, (J) THE LEASING STATUS OF THE PROPERTY OR THE INTENTIONS OF ANY PARTIES FOR THE NEGOTIATION AND/OR EXECUTION OF ANY LEASE FOR ANY PORTION OF THE PROPERTY, (K) THE ABILITY OF BUYER TO OBTAIN ANY AND ALL NECESSARY GOVERNMENTAL
APPROVALS OR PERMITS FOR BUYER’S INTENDED USE AND DEVELOPMENT OF THE PROPERTY, OR (L) ANY OTHER MATTER OR ATTRIBUTE WITH RESPECT TO THE PROPERTY. BUYER ACKNOWLEDGES AND AGREES THAT SELLER SHALL BE UNDER NO DUTY TO MAKE ANY AFFIRMATIVE
DISCLOSURES REGARDING ANY MATTER THAT MAY BE KNOWN TO SELLER OR ANY MEMBER OF THE SELLER GROUP, EXCEPT AS EXPRESSLY SET FORTH IN THIS CONTRACT OR IN ANY DOCUMENT EXECUTED AND DELIVERED BY SELLER TO BUYER AT CLOSING. 

3.1.1 Independent Inspection. Buyer acknowledges and agrees that, except as expressly provided for in this Contract or in
the Closing Documents, it (a) is relying solely on its own independent investigation of the Property and its review of the Due Diligence Materials, (b) has inspected or, during the Study Period, will conduct an independent inspection of
the Property with its own professionals, including, but not limited to, engineers, consultants, and others of Buyer’s choice who are trained and qualified to inspect commercial real property, (c) knowingly, voluntarily, and willingly
assumes the risk of the physical condition and state of repair of the Property, (d) except as otherwise expressly provided in this Contract, shall accept the Property in its “AS IS, WHERE IS, WITH ALL FAULTS” condition on the
Closing Date, including the environmental condition thereof, and (e) has not been induced by and has not relied on any representations, warranties, or statements, whether express or implied, oral or written, made by Seller or any agent,
employee, or other representative of Seller or by any broker or any other person representing or purporting to represent Seller, which are not expressly set forth in this Contract. The Purchase Price shall not be reduced as a consequence of
reasonable use, wear, tear, and natural deterioration between the Effective Date and the Closing Date. 
 3.1.2 Various
Materials. All investigations, inspections, audits, the analyses, surveys, tests, examinations, studies, and appraisals of the Property conducted by the Buyer Group and all of Seller’s records regarding all applicable non-Protected Information relating to the Property and the operation and maintenance thereof shall be referred to as the “Due Diligence Materials”. 

3.1.3 Waiver and Release. Except for Seller’s obligations expressly set forth in this Contract or in the Closing
Documents, the Buyer Group hereby unconditionally and irrevocably waives, releases, acquits, and forever discharges the Seller Group of and from any and all claims, demands, damages, actions, causes of action, debts, costs, loss of services,
expenses, compensation, liabilities, or controversies of any kind whatsoever, whether known or unknown, latent, patent, non-existent at the present time and that may arise in the future or are unanticipated at
this time that Buyer, or any other current and/or future member of the Buyer Group had, have had, now have, or may have against the Seller Group, for any claims, whether known or unknown, which relate in any way to any alleged act, event,
transaction, agreement, omission, misrepresentation, non-disclosure, breach of warranty (express or implied, oral or written), breach of contract (express or implied, oral or written), or negligence, arising
out of, in connection with, or in any way (directly or indirectly) related to, the Property or the transaction 

  
 11 

 
contemplated by this Contract. Such waiver and release includes, but is not limited to, a waiver and release of all warranties (except as expressly provided for in this Contract or in the Closing
Documents), including implied warranties, warranties of fitness for a particular use, claims of every type and kind, including, but not limited to, claims regarding defects that were not or are not discoverable, product liability claims, product
type liability claims, any rights and claims relating to or attributable to environmental conditions (including Mold and any Mold Condition or any Hazardous Materials condition), and all other extant or later created or conceived of strict liability
or strict liability type claims or rights. Notwithstanding the foregoing, nothing herein shall release Seller from its own gross negligence, willful misconduct or fraud arising out of the sale of the Property to Buyer. The waiver and release
provisions in this Section 3.1.3 shall survive the Closing and any termination of this Contract. 
 3.2
Inspections. Subject to the terms of this Contract, during the Study Period, Buyer may, at its expense, make such independent examinations of the Property, the operation thereof, the legal and financial status thereof, and all
other Due Diligence Materials affecting or relating to the transaction contemplated hereby as the Buyer deems necessary in its sole judgment, including, but not limited to, surveys, structural, and engineering studies and analyses (including, but
not limited to, examinations of the roof and structural components of the Building and compliance of the Building with all applicable Legal Requirements, including, but not limited to, the Americans with Disabilities Act and all regulations related
thereto), soil tests, environmental tests, and other tests of surface and subsurface conditions, investigations, feasibility studies, and all other desired independent due diligence investigations, tests, and studies for the Property (the
“Due Diligence Inspections”). Notwithstanding the foregoing, Buyer shall not undertake or perform any invasive tests or testing at the Property, except (a) upon the express prior written consent of Seller, which consent shall
be in Seller’s sole discretion, (b) in the presence of Seller or its respective expressly authorized representative(s) for this purpose, and (c) subject to such conditions and restrictions as Seller shall determine in its sole and
absolute discretion. In the event this Contract is terminated as the result of Buyer’s default, Buyer agrees to provide to Seller copies of all reports or studies prepared by outside consultants (other than such reports prepared by legal
counsel that are subject to an attorney client privilege) (the “Buyer’s Reports”) performing the Due Diligence Inspections, or any portion or component thereof or condition affecting the same, for or on behalf of
Buyer, all without representation or warranty of any kind whatsoever. 
 3.2.1 Access. All entries upon the Property by
the Buyer Group shall be at reasonable times during normal business hours and after not less than 24 hours prior notice to Seller, which notice shall include the names and addresses of the Buyer Group to be entering upon the Property and the scope
of work to be accomplished during such entry. Buyer shall conduct such independent inspections by using engineers, consultants, and others of Buyer’s choice who are trained and qualified to inspect commercial real property. Buyer shall provide
such notice, which may be by telephonic or electronic means, to Mark Milford (telephone number: (314) 283-4661, e-mail address: mark@2bresidential.com) on behalf of
Seller, prior to conducting any inspection on, to or at the Property. If Buyer is unable to reach Mark Milford in person, by e-mail or by telephone, Buyer shall then provide such telephonic or electronic
notice to Kenneth M. Marty, Jr. (telephone number: (410) 237-5419, e-mail address: kenzie.marty@pnc.com ) and Brendan Johnson (telephone number: (202) 496-4796, e-mail address brendan.johnson@pnc.com). Notwithstanding the foregoing, Buyer shall have the right, following two (2) Business Days’ notice to Seller and
the Local Property Manager (which notice may be delivered telephonically in the manner provided above), to interview the Local Property Manager and review and make copies of all Property related files of Seller and the Local Property Manager
pertaining to the Property, including Tenant correspondence files (but excluding any Protected Information). Seller shall have the right to be present during any such interview (but Seller’s failure to appear at any such interview shall not
prohibit Buyer from conducting the interview). 

  
 12 

 3.2.2 Permission to Enter Building. The Buyer Group may enter and
inspect the Property, but with respect to the interior Tenant space of the Building only if such entry and inspection is permitted by or otherwise not restricted by the terms of the applicable Tenant Lease or the Tenant or occupants thereof consents
to such entry and inspection (if required under the terms of such Tenant Lease). Seller shall use its commercially reasonable efforts to obtain any Tenant consent to such entry to the extent required under the applicable Tenant Lease. During any
such entry and inspection, the Buyer Group shall use its reasonable efforts to minimize any inconvenience or interference with the use and occupancy of the Building by the Tenant or occupants thereof. 

3.2.3 Contact with Tenants. The Buyer Group shall not contact or interview the Tenants without contacting Seller pursuant
to the provisions of Section 3.2.1 and obtaining Seller’s express consent thereto. Seller shall have the right, at its option, to have its representative present at any such contact or interview. Seller shall make a
representative available for such contact and interviews from time to time during the Study Period upon the request of Buyer. Notwithstanding anything herein to the contrary, except as otherwise set forth in this
Section 3.2.3, no one in the Buyer Group nor anyone acting on behalf of the Buyer Group may interview or discuss Buyer’s potential interest in the Property with any tenant or other occupant of the Property. 

3.2.4 Contact with Governmental Authorities. Except in connection with the preparation of a “Phase I”
environmental site assessment for the Property, a title search by the Title Company, customary tax, judgment, bankruptcy, litigation, UCC and lien searches on the Seller, and a zoning analysis, the Buyer Group shall not contact any Governmental
Authority regarding Seller or the Property without Seller’s prior written consent thereto, which consent shall not be unreasonably withheld or delayed. If Seller’s prior written consent to contact any such Governmental Authority is
obtained by the Buyer Group, Seller shall be entitled to receive at least two (2) Business Days’ prior written notice of the intended contact and to have a representative present when Buyer has any such contact with any Governmental
Authority. 
 3.2.5 Confidentiality. In addition to the provisions of Section 12.18, Buyer
shall maintain as confidential any Confidential Information (as defined below), and shall not disclose such information to any other person without the prior written consent of Seller unless and until a sale of the Property shall have been
consummated between Seller and Buyer. Notwithstanding anything to the contrary hereinabove set forth, Buyer may disclose such information (i) on a need-to-know
basis to the Buyer Group, but subject to such individuals or entities being bound by the confidentiality provisions of this paragraph, (ii) as any Governmental Authority may require in order to comply with applicable laws, provided that Buyer
give Seller at least two (2) Business Days’ prior written notice before Buyer discloses such information to such Governmental Authority, (iii) to the extent that such information is a matter of public record other than as a result of
a disclosure by Buyer or any other member of the Buyer Group, and (iv) to the extent that such information was available to Buyer or the Buyer Group on a non-confidential basis prior to its disclosure by
Seller or the Seller Group. In addition, the confidentiality restrictions contained in this paragraph shall not apply to any disclosures required by law or regulatory requirement, by court order or subpoena, or in the event of litigation between the
parties arising out of this Contract or a contract of sale, if any. Buyer agrees to indemnify, defend and hold harmless each of the Seller Group from and against any and all claims, damages of any kind or nature, demands, actions or causes of
action, assessments, losses, costs, expenses, liabilities, interest, penalties, and reasonable attorneys’ fees, 

  
 13 

 
suffered or incurred by the Seller Group, or any of them, resulting from a failure by Buyer or any other member of the Buyer Group to keep the Confidential Information confidential in accordance
with the terms of this Contract. “Confidential Information” shall mean (a) the terms of this Contract, any term sheet or letter of intent (whether signed or unsigned) and any contract of sale (if entered into), (b) any of the
information with respect to the Property delivered to or for the benefit of Buyer whether by any of the Buyer Group or by Seller or any of its agents, representatives or employees, including, but not limited to, any information heretofore or
hereafter obtained by the Buyer Group in connection with the Due Diligence Inspections, and (c) the identity of Seller. 
 3.2.6
Indemnification. Except and to the extent caused by the gross negligence or willful misconduct of a particular member of the Seller Group, Buyer agrees to indemnify, defend and hold harmless Seller Group, against any and all liens,
claims, and damages of any kind or nature whatsoever, demands, actions or causes of action, assessments, losses, costs, expenses, liabilities, interest, penalties, and reasonable attorneys’ fees, suffered or incurred by Seller Group, or any of
them, resulting from injury or damage to persons or property caused by the Buyer Group’s entry onto or presence or activities on the Property in connection with the Due Diligence Inspections; provided, however, Buyer shall have no liability or
responsibility for any (i) consequential or punitive damages (except to the extent the same are awarded against Seller or a member of the Seller Group in favor of a third-party), or (ii) pre-existing
conditions affecting the Property (or any portion thereof), except to the extent that the same are exacerbated (mere discover of a condition by Buyer shall not be deemed to have exacerbated such condition) by the action of the Buyer Group. 

3.2.7 Restoration. Buyer shall promptly repair any damage to the Property caused by the Buyer Group in the conduct of the
Due Diligence Inspections and restore any portion of the Property damaged by the Due Diligence Inspections to no worse than the condition that existed prior to the Buyer Group’s first entry on the Property pursuant to this Contract; provided
however, that Buyer shall have no liability or responsibility for any (a) consequential or punitive damages (except to the extent the same are awarded against Seller or a member of the Seller Group in favor of a third-party), or (ii) pre-existing conditions affecting the Property, except to the extent that the same are exacerbated (mere discovery of a condition by Buyer shall not be deemed to have exacerbated such condition) by the
actions of Buyer or the Buyer Group. 
 3.2.8 Payment of Liens. Buyer shall promptly pay and discharge on
or before the due date any claim or obligation for labor or materials furnished at the direction of Buyer, which if not paid or discharged would result in a lien on all or any portion of the Property. Specifically, and without limiting the
foregoing, if Buyer shall cause labor or materials to be furnished to the Property, and if a lien arises out of such work or material furnished, then Buyer shall promptly cause such lien to be satisfied or bonded over and shall indemnify, defend,
and hold harmless Seller therefor. 
 3.2.9 Insurance. Before any entry on the Land or Improvements by the Buyer Group,
Buyer shall, at its expense, under Buyer’s policy or otherwise, provide and maintain Worker’s Compensation insurance, to the extent required under the Worker’s Compensation Law of the state in which the Property is located, covering
all personnel entering the Property, and broad form commercial general liability insurance with coverage limits of no less than Two Million and 00/100 Dollars ($2,000,000.00) per occurrence, all in form and with deductible limits satisfactory to
Seller and with insurance companies authorized to do business in the state in which the Property is located. Buyer’s liability policy shall include blanket contractual liability coverage insuring the obligations of Buyer under this Contract.
Such insurance shall be written on an occurrence basis and name Seller as an additional insured. Prior to the Buyer Group’s first entry on any portion of the Property, Buyer shall furnish or cause to be furnished certificates of the insurance
to Seller, in form and substance reasonably satisfactory to Seller, which certificates will provide that such insurance shall not be cancelled or changed until at least thirty (30) days’ written notice is given to Seller. 

  
 14 

 3.2.10 Buyer Risk. In consideration for the rights granted to Buyer by
Seller hereunder, Buyer accepts such rights with the full understanding of the risk of loss of life, personal injury or property loss or damage that may arise out of Buyer’s exercise of its rights as set forth herein, and Buyer shall exercise
its rights hereunder at its own risk except and to the extent such loss, injury, claim or damage results directly from the gross negligence or willful misconduct of a member of the Seller Group. Neither Buyer nor any other member of the Buyer Group
shall hold the Seller Group and their respective successors or assigns, liable for (and hereby releases the Seller Group, and their respective successors or assigns from any liability for) any loss, injury, claim or damage that may occur to Buyer or
any other member of the Buyer Group or Buyer’s property (except and to the extent such loss, injury, claim or damage results from the gross negligence or willful misconduct of any member or members of the Seller Group). 

3.2.11 Survival. Notwithstanding anything set forth herein to the contrary, the confidentiality, indemnification
and other obligations of Buyer in this Section 3.2 will survive the termination of this Contract. 
 3.3
Title and Survey. Promptly following the Effective Date, Buyer shall obtain the Title Commitment and the Survey. If the Title Commitment or Survey, or both, shall disclose title exceptions or matters of survey to which Buyer
objects, then Buyer may make a Title Objection providing Seller a written notice thereof to be delivered to Seller on or before the expiration of the Title/Survey Review Period. Such notice shall be accompanied by such materials or information that
evidence or disclose the title exception objected to as are available from the Title Company. Any title exception or matter of survey disclosed by the Title Commitment or Survey, or both, as to which no objection is taken by Buyer in the manner and
time set forth in this Section 3.3 shall be deemed to constitute a Permitted Encumbrance and Buyer’s right to object thereto shall be deemed to have been forever waived by Buyer for purposes of this Contract. 

3.3.1 Seller’s Option to Cure Title Objections. If Buyer timely provides notice of a
Title Objection in the manner provided in Section 3.3, then Seller shall have the right, but not the obligation, to take such action as may be necessary, at Seller’s expense, to correct the Title Objection before the
Closing Date. If Seller corrects the Title Objection by causing the Title Company to remove the objectionable title exception from the Title Commitment (or cause removal at Closing) or to agree to insure over the objectionable title exception or
survey matter within two (2) Business Days after receipt of the Title Objection (“Response Period”) under Section 3.3, or, in the alternative, if Seller advises Buyer within the Response Period that
Seller will so correct the Title Objection on or before the Closing Date and Seller in fact so corrects the Title Objection on or before the Closing Date, then this Contract shall continue in full force and effect in the same manner and for all
intents and purposes as if the Title Objection had never existed, it being understood the correction of a Title Objection timely delivered pursuant to Section 3.3 on or before the Closing Date shall be a condition precedent
to Buyer’s obligation to Close hereunder, except as otherwise provided in Section 3.3.2 below. Seller’s failure to correct a Title Objection pursuant to this Section 3.3.1 shall not be a
default by Seller hereunder. 

  
 15 

 3.3.2 Buyer’s Right to Waive Uncured Title
Objection or Cancel Contract. If the Title Commitment or Survey, or both, shall reveal a Title Objection to which Buyer makes timely objection in the manner provided for in Section 3.3, and Seller shall decline or
fail to remedy the Title Objection within the Response Period or fail to advise Buyer within the Response Period that the Title Objection will be removed on or before the Closing Date, then within two (2) Business Days after the expiration of
the Response Period, Buyer shall by written notice to Seller either (a) waive the uncured Title Objection, in which event Seller and Buyer shall proceed to Closing under this Contract in accordance with and subject to the terms and provisions
hereof, without reduction in the Purchase Price, and Seller’s conveyance of the Property to Buyer shall be made subject to the title exception or survey matter that was the subject of the Title Objection (and the same shall be deemed a
Permitted Encumbrance hereunder), or (b) cancel and rescind this Contract, in which event Escrow Agent shall return the Deposit to Buyer, this Contract shall terminate, and thereupon Seller and Buyer shall be released from all further liability
under this Contract except as otherwise provided in this Contract. If Buyer shall fail to deliver to Seller a written notice of election to cancel and rescind this Contract within such two (2) Business Day period, then in such event Buyer shall
be deemed to have elected to waive the uncured Title Objection under this Contract, in which event Seller and Buyer shall proceed to Closing under this Contract in accordance with and subject to the terms and provisions hereof, without reduction in
the Purchase Price, and Seller’s conveyance of the Property to Buyer shall be made subject to the title exception or survey matter that was the subject of the Title Objection (and the same shall be deemed a Permitted Encumbrance hereunder).

 3.3.3 Title Update. If any update to the Title Commitment or Survey shall reveal or disclose any defects or
exceptions first recorded or, in the case of the Survey, created, after the date of the Title Commitment which are not Permitted Encumbrances and to which Buyer reasonably objects, then Buyer (or Buyer’s counsel) shall notify Seller (or
Seller’s counsel) of such new Title Objections in writing within two (2) Business Days of Buyer’s receipt of the updated Title Commitment/Survey or the Closing Date, whichever is earlier and, if applicable, the Closing Date shall be
extended in accordance with Buyer’s and Seller’s respective objection and cure timelines provided in this Section 3.3.3. If Buyer does not notify Seller in writing of any such new Title Objections within the time
period set forth in this Section 3.3.3, then Buyer shall be deemed to have accepted the state of title to the Property reflected in the updated Title Commitment or Survey, and Buyer shall be deemed to have waived any
claims, defects or exceptions which it might otherwise have raised with respect to the matters reflected therein, and this Contract shall remain in full force and effect. Within two (2) Business Days after receiving Buyer’s notice, Seller
shall deliver to Buyer written notice of those new Title Objections that Seller agrees either to eliminate or cure to Buyer’s reasonable satisfaction by the new Closing Date, as determined below. Seller’s failure to deliver Seller’s
notice to Buyer within the time period specified above shall be deemed to constitute Seller’s election not to eliminate or cure any such new Title Objections or to satisfy any such new Title Objections. If Seller elects (or is deemed to have
elected) not to eliminate or cure any new Title Objections then Buyer shall have the right, by written notice delivered to Seller (i) within two (2) Business Days after receipt of Seller’s notice or (ii) within two
(2) Business Days after the expiration of the time period during which Seller is entitled to deliver Seller’s notice, whichever occurs first (the “Outside Date”), either to (x) waive its prior notice as to the new
Title Objections that Seller has elected not to cure or (y) terminate this Contract by delivering written notice to Seller, at which time the Deposit shall be returned to Buyer and the parties shall have no further obligations hereunder except
for those that expressly survive termination. If Buyer fails to deliver any written notice within such two (2) Business Days period then Buyer shall be deemed to have approved the new Title Objections and this Contract shall remain in full
force and effect. Provided this Contract is not otherwise terminated in accordance with this Section 3.3.3, the Closing shall occur on the second (2nd) Business Day following
receipt by Seller of the Buyer’s notice. 

  
 16 

 3.3.4 Permitted Encumbrances. Subject to Buyer’s right to review,
and make objection to, the status of title and Survey as provided in this Contract, the sale of the Property shall be made subject to the Permitted Encumbrances. 

3.3.5 No Liens. Seller shall not voluntarily create or cause any Lien to attach to the Property between the Effective
Date and the Closing Date. Notwithstanding anything in this Contract to the contrary, it shall not be a default by Seller if Seller shall fail or refuse to pay or discharge a Lien created after the Effective Date which was not created or caused by
Seller. 
 3.3.6 Endorsements. Seller shall have no responsibility for causing the Title Company to issue to Buyer any
endorsements that Buyer may desire as part of the Title Policy to be obtained by Buyer. Buyer, at Buyer’s sole cost, shall be solely responsible for causing the Title Company to issue any such endorsements to Buyer, and the issuance of any such
endorsements shall not be a condition precedent to Closing or Buyer’s obligation to perform its obligations under this Contract. 

3.3.7 Title Estoppel. The Cortona Seller and the Encore Seller shall each use commercially reasonable efforts to obtain
and deliver to Buyer executed estoppel certificates (the “Declaration Estoppels”), in the form of Exhibit M attached hereto from The Highlands at Forest Park Owners Association, Inc. (the
“Association”), under that certain Indenture of Covenants and Restrictions for the Highlands at Forest Park recorded on March 21, 2000 (as amended, the “Declaration”). Notwithstanding anything in this Contract
to the contrary, (i) it shall not be a default by Seller if Seller fails to obtain and deliver the Declaration Estoppels, and (ii) delivery of the Declaration Estoppels is not a Buyer condition to Closing. 

3.4 Termination During the Study Period. Prior to expiration of the Study Period, Buyer may deliver notice to Seller that
Buyer has elected to proceed with the transactions contemplated by this Contract (the “Go Forward Notice”), which election may be made in Buyer’s sole and absolute discretion for any reason or no reason whatsoever. If Buyer
fails to deliver the Go Forward Notice or delivers a termination notice prior to expiration of the Study Period, (a) Buyer shall promptly either return to Seller true, correct, and complete copies of the Due Diligence Materials or destroy the
Due Diligence Materials with written notice thereof to Seller (and in no event whatsoever shall Buyer distribute, circulate, or otherwise deliver or make available the Due Diligence Materials to any third party after such termination of this
Contract) and (b) Escrow Agent shall return the Deposit to Buyer, and this Contract shall automatically terminate, at which time Seller and Buyer shall be released from all further liability under this Contract except as otherwise provided in
this Contract. The terms of this Section 3.4 shall survive Closing. 
 3.5 Service
Contracts; Rejection. If Buyer notifies Seller in writing before the expiration of the Study Period that Buyer elects to have any of the Service Contracts terminated before Closing, Seller shall use good faith and reasonable
efforts to terminate, effective as of the Closing Date, the Service Contracts so designated by Buyer; provided, however, that in no event shall Seller be required by the foregoing to pay any sums or incur any other liability to the
other parties to such Service Contracts. Seller shall assign and Buyer shall assume the Surviving Service Contracts at Closing pursuant to the terms of the Assignment of Surviving Service Contracts and Other Interests in the form of Exhibit
I, subject to the pro ration provisions of Section 4.3.8. Notwithstanding the provisions of this Section 3.5, in all events the property management agreements with the Local Property
Manager (or any other party), and any asset management agreements, leasing agreements or brokerage agreements with any party, all of which shall be terminated by Seller effective the Closing Date at no cost to Buyer and shall in no event constitute
Surviving Service Contracts. 

  
 17 

	 	4.	 DEPOSIT; PURCHASE PRICE. 

 

	 	4.1	 Deposit. 

4.1.1 Deposit. Within one (1) Business Day after the Effective Date, Buyer shall pay the Initial Deposit to Escrow
Agent and confirm such delivery with Seller; provided that, if the Initial Deposit is not paid within one (1) Business Day after the Effective Date, this Contract shall terminate automatically and be null and void, ab initio. The
Additional Deposit shall be paid to Escrow Agent within one (1) Business Day following the expiration of the Study Period, if Buyer elects to proceed with the transactions contemplated by this Contract under
Section 3.4, by means of a wire transfer of immediately available federal funds. 
 4.1.2 Independent
Consideration. Notwithstanding anything herein to the contrary, One Hundred and No/100 Dollars ($100) of the Deposit is non-refundable to Buyer under any circumstances, shall be disbursed to Seller upon
the Closing or any termination of this Contract, shall be deemed fully earned by Seller upon the deposit thereof and shall be independent of any other consideration provided hereunder, but shall be applied to the Purchase Price at Closing. 

4.1.3 Application of Deposit. At Closing, Escrow Agent shall deliver the Deposit to Seller and Seller shall credit the
Deposit against the Purchase Price. If Closing does not occur, Escrow Agent shall deliver the Deposit in accordance with the terms of this Contract. 

4.2 Purchase Price. 

4.2.1 Credit for Deposit. Buyer shall receive a credit against the Purchase Price in an amount equal to the Deposit. 

4.2.2 Balance of Purchase Price. Seller shall authorize Escrow Agent to record the Cortona Deed and the Encore Deed
conveying title to the Property to Buyer subject only to the Permitted Encumbrances on confirmation of receipt of the Purchase Price by the Title Company, in its capacity as Escrow Agent, and on the satisfaction of the Buyer conditions to Closing
set forth in this Contract. On Escrow Agent’s written confirmation that Seller has delivered the Closing Documents that Seller is required to deliver into escrow under this Contract then Buyer shall pay the balance of the Purchase Price, as
adjusted by the pro rations and expenses to be paid by Seller hereunder as set forth in the Settlement Statements approved by Buyer and Seller, to Escrow Agent by making a wire transfer of immediately available federal funds to the account of Escrow
Agent no later than 1:30 p.m. Local Time on the Closing Date. Buyer shall instruct the Escrow Agent to release the Purchase Price, as adjusted in accordance with this Contract, to Seller when Escrow Agent is in receipt of and in a position to record
the Cortona Deed and the Encore Deed and Title Company is irrevocably committed to issue the Title Policy to Buyer upon recordation of the Cortona Deed and the Encore Deed, subject to payment of any costs due to Title Company and satisfaction of all
requirements set forth in the Title Commitment. 
 4.3 Pro Rations and Credits at Closing.
At the Closing, the following adjustments and pro rations shall be computed as of the Closing Date and the Purchase Price shall be adjusted to reflect such adjustments and pro rations. In determining such adjustments and pro rations, the day of
Closing shall belong to Buyer and all pro rations hereinafter provided to be made on the Closing Date or “as of Closing” shall each be made as of 11:59 p.m. Local Time on the day preceding the Closing Date. 

  
 18 

 4.3.1 Real Estate Taxes and Assessments. General real estate taxes and
special assessments for the year of Closing shall be prorated as of the Closing. If the general real estate tax bill for the year of Closing is not available as of the Closing Date, these taxes shall be prorated based on the amount of the most
recently issued tax bill, subject to Section 4.3.14 below. 
 4.3.2 Rental Payments.
Except for delinquent Rental Payments, all Rental Payments under the Tenant Leases shall be prorated between Buyer and Seller, Seller being charged and credited for all of the same allocable to the period up to the Closing Date, and Buyer being
charged and credited for all of the same allocable to the period from and after the Closing Date. Seller shall be entitled to retain all paid Rental Payments and other items allocable to the period prior to the Closing. Seller shall deliver or
provide a credit in an amount equal to all prepaid Rental Payments and other items paid by tenants for periods from and after the Closing Date to Buyer on the Closing Date. Rental Payments which are delinquent as of the Closing Date shall not be
prorated on the Closing Date. Buyer shall include such delinquencies in its normal billing and shall use commercially reasonable efforts for a period of at least four (4) months following the Closing Date to collect past due Rental Payments by
billing and invoicing Tenants owing any such amounts to Seller on a monthly basis, and to institute the same “follow up” actions or programs used by Buyer to collect delinquent amounts owed by Tenants to Buyer in the ordinary course of
business, provided that Buyer will not be obligated to institute or threaten any lawsuit or other collection procedures against Tenants.    Buyer shall not agree to any waiver, reduction, deferral, extension, or any other
compromise of any delinquent Rental Payment without Seller’s prior written consent. To the extent Buyer receives Rental Payments on or after the Closing Date, such payments shall be applied first toward the rent for the month in which the
Closing occurs, then to the rent owed to Buyer in connection with the Tenant Leases for which such payments are received, and then to any delinquent rents owed to Seller, with Seller’s share thereof being promptly delivered to Seller. Buyer may
not waive any delinquent rents nor modify the Tenant Leases so as to reduce or otherwise affect amounts owed thereunder for any period in which Seller is entitled to receive a share of such amounts without first obtaining Seller’s written
consent. Seller hereby reserves the right to pursue any remedy against any tenant owing delinquent Rental Payments and any other amounts owing to Seller for which Seller did not receive a credit at Closing (but shall not be entitled to commence
lawsuits against any Tenant while they are a Tenant of the Property nor terminate any such Tenant Lease or such tenant’s right to possession). Buyer shall reasonably cooperate with Seller in any collection efforts hereunder (but shall not be
required to litigate or declare a default under any Tenant Lease). With respect to delinquent Rental Payments and any other amounts or other rights of any kind respecting tenants who are no longer tenants of the Property as of the Closing Date,
Seller shall retain all rights relating thereto. 
 4.3.3 Tenant Deposits. Buyer shall receive a credit against the
Purchase Price at Closing for all unapplied cash Tenant Deposits then being held by Seller under the Tenant Leases. 
 4.3.4
Lease Concessions. In no event shall the parties prorate the amount of concessions and incentives provided under any of the Tenant Leases. 

  
 19 

 4.3.5 Operating Expenses. All other operating expenses attributable to
the Property (excluding management fees and any payroll costs) shall be prorated as of the Closing Date, except as provided below. Buyer shall pay all applicable transfer fees related to the Cortona Roof Warranty and the Encore Roof Warranty. 

4.3.6 Personal Property Taxes. Personal property taxes attributable to the Personal Property for the calendar year
in which the Closing occurs shall be adjusted and apportioned as of the Closing Date and assumed and paid thereafter by Buyer, regardless of whether assessments have been levied as of the Closing Date. 

4.3.7 Utilities. To the extent billed to Seller or the Local Property Manager (as opposed to being billed to any Tenant),
water, sewer, gas, electric, and all other utility expenses and payments due or made for the Property shall be prorated as of the Closing Date and thereafter assumed by Buyer; provided, however, that Seller shall terminate all water, sewer, gas
electric and all other utility accounts effective as of the first month following the month in which Closing occurs. Buyer shall pay for any termination charge assessed for such terminations. 

4.3.8 Surviving Service Contracts. All payments due and owing under the Surviving Service Contracts shall be prorated as
of the Closing Date. All revenues payable by vendors under Surviving Service Contracts will be payable as follows: (a) all revenues attributable to the period prior to Closing shall be paid to Seller, and (b) all revenues attributable to
the day of Closing and any time thereafter shall be paid to Buyer. Notwithstanding the foregoing, Seller shall be entitled to retain all up-front fees and other payments received by Seller (or its affiliates
or predecessors) pursuant to, or in connection with, any Service Contract executed prior to the Closing. Buyer shall promptly deliver to Seller any funds it receives under the Surviving Service Contracts that are attributable to the period prior to
Closing. Seller shall promptly deliver to Buyer any funds it receives under the Surviving Service Contracts that are attributable to the period after Closing. 

4.3.9 Sales Taxes. No portion of the Purchase Price is allocable to the Personal Property. Any sales taxes imposed for
Personal Property shall be paid by Buyer directly to the appropriate taxing authority. Buyer agrees to indemnify, defend, and hold Seller harmless of and from all claims, demands, liabilities, and costs (including, but not limited to,
attorneys’ fees) for any sales taxes, interest, and penalties payable to or claimed by the appropriate taxing authority in connection with the Personal Property. 

4.3.10 Survey. Buyer shall pay for the cost of the Survey and any cost associated with revisions to the Survey resulting
from requests made by Buyer to satisfy any special requirements of Buyer or its lender. 
 4.3.11 Recordation and Transfer
Taxes; Recording Fees. In connection with the transactions contemplated by this Contract, (a) Buyer shall pay at Closing the county and/or city transfer or similar tax, if any (regardless of whether a statute or ordinance designates
another party as being responsible for such payment), and (b) Buyer shall pay at Closing the state and county recording or similar tax, if any (regardless of whether a statute or ordinance designates another party as being responsible for such
payment) and all fees and costs to record the Cortona Deed (as defined below) and the Encore Deed (as defined below). Buyer shall pay any costs, expenses, fees or taxes related to any mortgage documents evidencing any loan to Buyer. Seller shall pay
at Closing the state and county recording fees to record any instruments necessary to cure, cause to be removed of record or satisfy any Title Objection or Liens which Seller has agreed to cure, cause to be removed of record or is obligated to
satisfy pursuant to Section 3.3 hereof. 

  
 20 

 4.3.12 Professional Fees. Buyer and Seller shall each pay its own
legal and other professional fees and expenses. 
 4.3.13 Title Insurance Premiums. At Closing, Buyer shall pay the
cost of (i) the premiums for the issuance of the Title Policy (including any cost of extended coverage) to be obtained by Buyer, (ii) any endorsements Buyer may cause the Title Company to issue with respect to such title policy, and
(iii) the premium for any lender’s title insurance policy. 
 4.3.14 Reproration after Closing. All
other charges and fees customarily prorated and adjusted in similar commercial transactions shall be prorated as of the Closing Date and thereafter assumed by Buyer. If accurate pro rations and other adjustments cannot be made at Closing because
current bills or statements are not obtainable (as, for example, utility and real property tax bills), the parties shall prorate on the best available information (which, in the case of real property taxes, shall mean the most recent real property
tax bill), subject to adjustment on receipt of the final bill or statement. Both Seller and Buyer shall use their diligent, reasonable, and good faith efforts to resolve such post-Closing pro rations and other adjustments as expeditiously as
possible; provided, however, that this provision shall survive Closing for a period of one hundred twenty (120) days, except in the case of the adjustment of the real estate taxes, in which case this provision shall survive for sixty
(60) days after the parties receive the pertinent final real estate tax bill(s). In the event the Property has been assessed for property tax purposes at such rates as would result in reassessment (i.e., “escape assessment” or
“roll-back taxes”) based upon the change in land usage or ownership of the Property resulting from or after the consummation of the transactions described in this Contract, as between Buyer and Seller, Buyer hereby agrees to pay all such
taxes, if any, and to indemnify and save Seller harmless from and against all claims and liability for such taxes. Such indemnity shall survive the Closing. 

4.3.15 Escrow Agent Fees. At Closing, Seller and Buyer shall each pay one-half
(1/2) of the closing escrow fees. 
 4.3.16 Rent Ready Credit. Buyer shall receive a credit in the amount of
Seven Hundred Fifty and No/00 Dollars ($750.00) for each vacant unit at the Property that is not in Rent-Ready condition. Prior to Closing, Buyer shall be permitted to do a walk-through of the Property to determine which vacant units are in
Rent-Ready condition. At least five (5) days prior to Closing, Seller will deliver to Buyer a list of those vacant units Seller believes are not in Rent-Ready condition. “Rent-Ready” shall mean that all such vacant apartments
shall be suitable for occupancy by tenants, including, without limitation, floors fully covered with a combination of vinyl tile, laminate and/or carpeting, all of which shall be in average or better condition, the interior of the unit repainted if
determined to be necessary in the Local Property Manager’s commercially reasonable discretion, cleaning to a resident-ready condition, and repairing or replacing any and all systems and appliances to bring them into good working order. 

4.3.17 Tenant Locator or Finder Fees. Seller shall receive a credit at Closing for any third-party locator or
finder’s fees arising out of Leases entered into from and after the Effective Date and prior to Closing, to the extent actually paid by Seller. Seller shall pay any locator or finders fees arising out of Leases entered into prior to the
Effective Date. Additionally, from and after the Closing, Buyer shall pay and be solely responsible for any third-party locator or finders fees arising out of Leases entered into from and after the Effective Date, to the extent Seller has not paid
such fees and received a credit at Closing as set forth in the first sentence of this Section 4.3.17. 

  
 21 

 4.3.18 Indemnity. Buyer shall indemnify, protect, defend and hold
Seller harmless from and against any claims, damages of any kind or nature, demands, actions or causes of action, assessments, losses, costs, expenses, liabilities, interest, penalties, and reasonable attorneys’ fees, in any way arising from
the matters for which Buyer receives a credit or otherwise assumes responsibility pursuant to this Section 4.3. Notwithstanding anything to the contrary contained in this Section 4.3, for any item
for which Buyer receives a credit or otherwise assumes responsibility pursuant to this Section 4.3 and which is payable after Closing, Buyer shall pay for such item when due and shall be responsible for any fees, charges,
interest and penalties which may become due on account of Buyer’s failure to do so. 
 4.3.19 Capital/Life Safety
Credit. Buyer’s has objected to certain repairs related to the balconies and life safety systems at the Property. In this regard, the parties acknowledge and agree that: (i) at Closing Seller shall assign to Buyer that certain
balcony repair agreement from Holland Construction Services, Inc., (ii) Buyer shall be entitled to a Thirty-Seven Thousand Five Hundred Dollar ($37,500) credit against the Purchase Price for the Cortona Property and a Thirty-Seven Thousand Five
Hundred Dollar ($37,500) credit against the Purchase Price for the Encore Property (collectively, the “Repair Credit”), (iii) the Repair Credit shall act as payment in full by Seller relating to the physical condition of the
balconies and life safety systems and settlement of all claims related thereto, and (iv) Buyer shall be deemed to have fully released Seller from all claims and liabilities related to the physical conditions of the balconies and/or the life
safety systems. 
 4.3.20 Survival. This Section 4.3 shall survive the Closing. 

 

	 	5.	 CLOSING. 

5.1 Possession. Seller shall deliver possession of the Property, subject to the Permitted Encumbrances, to Buyer on
the Closing Date. 
 5.2 Conveyances and Deliveries at Closing. 

5.2.1 Deed; Bill of Sale. At Closing, (i) Cortona Seller shall convey the Cortona Land and Cortona Improvements to
Buyer by its special warranty deed (“Cortona Deed”) in the form attached hereto as a part hereof as Exhibit G, and (ii) Encore Seller shall convey the Encore Land and Encore Improvements to Buyer by its
special warranty deed (“Encore Deed”) in the form attached hereto as a part hereof as Exhibit G. Cortona Seller shall transfer its interest in the Cortona Personal Property to Buyer by its Bill of Sale in the
form of Exhibit J, and Encore Seller shall transfer its interest in the Encore Personal Property to Buyer by its Bill of Sale in the form of Exhibit J. 

5.2.2 Assignment of Tenant Leases. At Closing, (i) Cortona Seller shall assign to Buyer the landlord and lessor
interest in and to the Cortona Tenant Leases by a duly executed assignment in the form of Exhibit H, and (ii) Encore Seller shall assign to Buyer the landlord and lessor interest in and to the Encore Tenant Leases by a duly
executed assignment in the form of Exhibit H, and, except as otherwise provided in this Contract, Buyer shall assume in writing the due and full performance of all of Seller’s covenants and obligations accruing on and after the
Closing Date under the Tenant Leases. 

  
 22 

 5.2.3 Assignment of Surviving Service Contracts and Other Interests.
At Closing, (i) Cortona Seller shall assign to Buyer, to the extent assignable, Cortona Seller’s right, title, and interest in the Cortona Surviving Service Contracts and the Cortona Other Interests, by a duly executed Assignment of
Surviving Service Contracts and Other Interests in the form of Exhibit I, and (ii) Encore Seller shall assign to Buyer, to the extent assignable, Encore Seller’s right, title, and interest in
the Encore Surviving Service Contracts and the Encore Other Interests, by a duly executed Assignment of Surviving Service Contracts and Other Interests in the form of Exhibit I and, except as otherwise
provided in this Contract, Buyer shall assume in writing the due and full performance of all of Seller’s covenants and obligations accruing on and after the Closing Date under the Surviving Service Contracts and the Other Interests. 

5.2.4 Conversion and Sale Restrictive Covenants. Buyer and Cortona Seller shall execute and cause to be recorded
immediately after the Cortona Deed, the Cortona Conversion and Sale Restrictive Covenant. Buyer and Encore Seller shall execute and cause to be recorded immediately after the Encore Deed, the Encore Conversion and Sale Restrictive Covenant. 

5.2.5 Rent Roll. On the Closing Date, Seller shall deliver current rent rolls in the form of the rent rolls
attached hereto as Exhibit D-1 and Exhibit D-2 and updated delinquency reports for the Cortona Property and the Encore Property. 

5.2.6 Notices to Tenants. On the Closing Date, Seller and Buyer shall send a written notice, in form and content
reasonably satisfactory to Buyer and Seller, to each Tenant informing each Tenant of the sale of the Property and of the assignment to, and assumption by Buyer of, Seller’s right, title, and interest in and obligations under the Tenant Leases
and directing that all rent and other sums payable after the Closing Date under each Tenant Lease shall be paid as set forth in the notice. Seller and Buyer shall also send a written notice, in form and content reasonably acceptable to Buyer and
Seller, to each party to a Surviving Service Contract informing such party of the Assignment of Surviving Service Contracts and Other Interests to, and assumption by Buyer of, Seller’s interest and obligations under such Service Contract. 

5.2.7 Delivery of Tenant Leases, Service Contracts, and Other
Interests. At or simultaneously with Closing, Seller shall deliver to Buyer the originals of each Tenant Lease (or, if originals are unavailable, duplicate originals or copies thereof), and each Surviving Service Contract (or, if originals
are unavailable, duplicate originals or copies thereof), and Seller shall make available for copying by Buyer (at the Seller’s Local Property Manager’s office) all leasing, maintenance, and property files and records (excepting any
Protected Information) related to the continued operation, leasing, and maintenance of the Property and any items comprising, documenting, or relating to any of the Other Interests, to the extent such items are in the possession or control of Seller
or Seller’s Local Property Manager and not previously obtained by Buyer pursuant to Section 3.1.2. 

5.2.8 Settlement Statement. Escrow Agent shall prepare a settlement statement for approval and execution by Buyer and
Seller prior to Closing for each of the Cortona Property and the Encore Property. The settlement statements shall, among other items, set forth the Purchase Price, all credits against the Purchase Price, the amounts of all pro rations and other
adjustments to the Purchase Price (as allocated between the Cortona Property and the Encore Property) and all disbursements to be made at Closing on behalf of Buyer and Seller (collectively, the “Settlement Statements”). 

5.2.9 Releases of Liens. At or before Closing, Seller shall pay or cause to be paid or released any Liens created or
caused by Seller and may evidence the satisfaction of such Liens by the delivery to Buyer and Title Company of a “pay-off” letter from the holder of the Lien secured by the applicable Property or any
portion thereof or other evidence as reasonably required by the Title Company. 

  
 23 

 5.2.10 Non-Foreign Status. At
Closing, Cortona Seller and Encore Seller shall each deliver to Buyer a Certification of Non-Foreign Status under Federal law duly executed in the form attached hereto as Exhibit K. 

5.2.11 Re-Affirmation of Representations. Seller and Buyer shall affirm that all
representations and warranties made by Seller or Buyer respectively continue to be true and correct in all material respects on the Closing Date, except as Seller may have modified its representations and warranties pursuant to
Section 7.2.1. 
 5.2.12 Other Documents. At Closing, Seller and Buyer shall deliver any
other documents required pursuant to this Contract or otherwise reasonably required by the Escrow Agent to complete the transaction contemplated by this Contract including, but not limited to, evidence reasonably acceptable to the Title Company
authorizing the consummation by Seller of the transactions contemplated hereby and the execution and delivery of the closing documents on behalf of Seller. 

5.2.13 Owner’s Declaration. At Closing, the Cortona Seller and the Encore Seller shall each execute and deliver to
the Title Company separate owner’s declarations in the form of Exhibit F hereto (collectively, the “Owner’s Declaration”). 

5.2.14 Certificate of Value. At Closing, Buyer shall execute and deliver to the Title Company Certificates of Value for
each of the Cortona Property and Encore Property in the form required by the Title Company. 
 5.2.15 Conditions to
Buyer’s Obligation to Close. Notwithstanding anything contained in this Contract to the contrary, Buyer’s obligation to Close shall be conditioned upon (i) the performance by Seller in all material respects of its covenants
contained in this Contract, and (ii) all of the representations and warranties made by Seller in this Contract being true and correct in all material respects, subject to Section 7.2.3, as of the Closing Date. 

5.2.16 Conditions to Seller’s Obligation to Close. Notwithstanding anything contained in this Contract to the
contrary, Seller’s obligation to Close shall be conditioned upon (i) the performance by Buyer in all material respects of its covenants contained in this Contract, and (ii) all of the representations and warranties made by Buyer in
this Contract being true and correct in all material respects as of the Closing Date. 
  

	 	6.	 SELLER’S COVENANTS. 

Between the Effective Date and the Closing Date, Seller shall comply with the following provisions: 

6.1 Standard of Operation and Maintenance. Seller shall operate, manage, and maintain the Property in substantially
the same manner as it has been operated by Seller prior to the Effective Date, subject to reasonable wear and tear and further subject to the occurrence of any damage or destruction to the Property by casualty or other causes or events beyond the
control of Seller; provided, however, that Seller’s maintenance obligations under this Section 6.1 shall not include any obligation to make capital expenditures not incurred in Seller’s normal course of business
or any other expenditures not incurred in Seller’s normal course of business. Seller will maintain in full force and effect its existing insurance coverage for the Property. Seller shall neither transfer nor remove any Personal Property or
fixtures from the Property, except for any of such Personal Property as is replaced by Seller by an article of equal or better suitability and value, subject to depletions, replacements and additions in the ordinary course of Seller’s business.

  
 24 

 6.2 New Tenant Leases and Modifications to Existing Tenant Leases.
Buyer acknowledges and agrees that Seller will enter into new Tenant Leases and may cancel, modify, extend, renew Tenant Leases, and waive defaults under the Tenant Leases provided that (i) any such new Tenant Lease is on Seller’s standard
form residential lease, the rent and landlord concessions and incentives are consistent with Seller’s past practices, the term is no shorter than six months nor more than eighteen months, and the Tenant Leases are otherwise entered into in the
ordinary course of Seller’s business of leasing and operating the Property consistent with Seller’s past practices, (ii) if a Tenant Lease converts to a
month-to-month tenancy or is extended on a month-to-month basis, the terms of such
conversion or extension shall be acceptable by Seller in the ordinary course of Seller’s business of leasing and operating the Property, (iii) Seller is required to enter into a modification or extension pursuant to, and to the extent of,
the terms and conditions of any Tenant Lease, (iv) for any surrender of a Tenant’s premises, Tenant shall be entitled to terminate his/her Tenant Lease pursuant to the terms thereof or Seller may accept such surrender in connection with
Section 6.5 below, and (v) for any cancellation of, waiver of a default under, or modification of, such Tenant Lease, such action is in the ordinary course of Seller’s business, provided that no modification shall
materially reduce the rent or other payment obligations accruing after the Closing Date. 
 6.3 New Service
Contracts and Modifications to Existing Service Contracts.    Seller shall (a) not enter into any new Service Contracts that cannot be terminated, without penalty, on thirty (30) days
(or fewer) written notice from the owner of the Property, (b) promptly notify Buyer if any Service Contracts are entered into and shall provide copies of same with such notification, and (c) for any Surviving Service Contract not cancel,
modify, amend, extend, or renew any Surviving Service Contract, nor waive any default under or accept any surrender thereof, without in each case the prior written consent of Buyer, which consent shall not be unreasonably withheld or delayed. The
failure of Buyer to object reasonably, within five (5) Business Days, of any receipt of any written request for consent, together with the appropriate documentation thereunder shall be deemed an approval of such request. 

6.4 Marketing. For as long as the Contract has not been terminated, Seller shall not market the Property for sale to third
parties, and Seller shall not solicit or accept any offers to purchase the Property (or any portion thereof) from any party other than Buyer. 

6.5 Lease Enforcement. Seller shall have the right, but not the obligation, to enforce the rights and remedies of the
landlord under any Tenant Lease, by summary proceedings or otherwise, and to apply all or any portion of any Tenant Deposits then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by any Tenant, provided that,
(i) with respect to delinquent rents, Seller may apply Tenant Deposits held by Seller only to rents that are thirty (30) days or more past due and (ii) with respect to any application by Seller of Tenant Deposits, Seller will deliver,
in connection with any such application, written notice to the affected Tenant(s) indicating that their security deposits have been or are being so applied. 

6.6 Zoning; Encumbrances. From and after the expiration of the Study Period, Seller will not (i) initiate or permit
any zoning reclassification of the Property, (ii) seek any variance under existing zoning ordinances applicable to the Property or (iii) voluntarily encumber any portion of the Property except as may be required by law. 

  
 25 

 6.7 Roof Warranties. Seller shall use commercially reasonable efforts
to coordinate any inspections required by Verisco in connection with the transfer of the Cortona Roof Warranty and/or the Encore Roof Warranty prior to Closing. Notwithstanding anything in this Contract to the contrary, (i) it shall not be a
default by Seller if Verisco fails to complete the inspections or consent to the transfer of the Cortona Roof Warranty and/or the Encore Roof Warranty prior to Closing, and (ii) neither Verisco’s consent to the transfer of the Cortona Roof
Warranty and/or the Encore Roof Warranty nor the assignment of the Cortona Roof Warranty and/or the Encore Roof Warranty to Buyer at Closing is a Buyer condition to Closing. In the event that either the Cortona Roof Warranty and/or the Encore Roof
Warranty is not assigned to Buyer at Closing, Seller shall use commercially reasonable efforts to facilitate such transfers post-closing for a period of at least one (1) month following the Closing. 

6.8 Certificates of Inspection. Prior to Closing, Seller shall satisfy the following requirements in accordance with
§25.56.040 of the St. Louis, Missouri Code of Ordinances (collectively, the “City Inspection Requirements”): (i) arrange for all required inspections of dwelling units at each Property by the City of St. Louis, (ii) pay
all fees associated with such inspections and the issuance of any new certificates of inspection for dwelling units at each Property, and (iii) deliver to Buyer at least two (2) Business Days prior to Closing copies of certificates of
inspection dated within twelve (12) months of the Closing Date for all dwelling units at each Property. In the event Seller fails to timely satisfy the City Inspection Requirements, such failure shall not be deemed an event of default by Seller
and the Closing Date shall be deemed extended to the date which is two (2) Business Days following Seller’s delivery to Buyer of certificates of inspection dated within twelve (12) months of the Closing Date for all dwelling units at
each Property (such date referred to herein as the “Extended Closing Date”); provided, however, that the Extended Closing Date shall in no event occur later than March 15, 2021 (the “Outside Closing Date”). In
the event Seller has not satisfied the City Inspection Requirements to permit Closing on the Outside Closing Date, Buyer may elect, at Buyer’s option, to: (a) waive such condition and proceed to closing without reduction of the Purchase
Price, or (b) terminate this Contract in which event (i) the Deposit shall be promptly refunded to Buyer, and (ii) except as otherwise provided herein, Seller and Buyer shall be released from all further liability under this Contract.

  

	 	7.	 REPRESENTATIONS, WARRANTIES, AND COVENANTS OF SELLER. 

7.1 Representations and Warranties. Cortona Seller, as to itself and the Cortona Property, and the Encore Seller,
as to itself and the Encore Property, as of the Effective Date, represent and warrant to Buyer as follows: 
 7.1.1 Authority
of Seller. Cortona Seller is a limited liability company organized under Delaware law, in good standing, and has the right, power, and authority to enter into this Contract and to sell the Cortona Property in accordance with the terms
and conditions of this Contract without obtaining any consents or approvals from, or the taking of any other actions with respect to, any third parties. Encore Seller is a limited liability company organized under Delaware law, in good standing, and
has the right, power, and authority to enter into this Contract and to sell the Encore Property in accordance with the terms and conditions of this Contract without obtaining any consents or approvals from, or the taking of any other actions with
respect to, any third parties. All requisite limited liability company action has been taken by Seller in connection with entering into this Contract, the instruments referenced herein, and the consummation of the transaction contemplated hereby.
This Contract, when executed and delivered by Seller and Buyer, and all Closing Documents, will constitute the valid and binding agreement of Seller. The person executing this Contract and the documents contemplated hereby on behalf of Seller has
the power and authority to bind Seller. 

  
 26 

 7.1.2 Ability to Perform. Neither the execution and delivery of this
Contract and the Closing Documents contemplated hereby nor the consummation of the transaction contemplated by this Contract, will result (either immediately or after the passage of time and/or the giving of notice) in breach or default by Seller
under any agreement or understanding by which the Property is bound, to which Seller is a party, by which Seller may be barred from performing its obligations under this Contract, or which would have an adverse effect upon Seller’s ability to
fully perform its obligations under this Contract. 
 7.1.3 Tenant Leases. To Seller’s Knowledge, the Tenant
Leases consist of the Tenant Leases with the tenants set forth on Rent Rolls attached as Exhibit D-1 and Exhibit D-2. To Seller’s
Knowledge, Seller has delivered or made available to Buyer at the Property, true and correct copies of the Tenant Leases which Seller uses in the normal course of its business. 

7.1.4 Rent Rolls. The Rent Roll attached as Exhibit D-1 is in form
and substance that Cortona Seller has relied upon in the ordinary course of its business. The Rent Roll attached as Exhibit D-2 is in form and substance that Encore Seller has relied upon in the
ordinary course of its business. 
 7.1.5 Service Contracts. Attached hereto as a part hereof as Exhibit
E is a list of all Service Contracts in effect with respect to the Property as of the Effective Date. Seller has not received nor delivered any written notice of default from or to any parties to the Service Contracts that has not been
cured. 
 7.1.6 Litigation Proceedings. There is no litigation or proceeding pending or, to Seller’s Knowledge,
threatened against or relating (a) to the Property, or (b) to Seller that, if determined adversely to Seller, would materially, adversely affect the Property or Seller’s ability to convey the Property in accordance with the terms
hereof. 
 7.1.7 Violation Notices. Seller has not received any written notice from any Governmental Authority with
respect to the violation of any Legal Requirement regulating the use of the Property that has not been cured by Seller. 
 7.1.8
Bankruptcy. Seller has not (a) commenced a voluntary case, or had entered against it a petition, for relief under any federal bankruptcy act or any similar petition, order or decree under any federal or state law or
statute relative to bankruptcy, insolvency or other relief for debtors, (b) caused, suffered or consented to the appointment of a receiver, trustee, administrator, conservator, liquidator, or similar official in any federal, state, or foreign
judicial or non-judicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, or (c) made an assignment for the benefit of creditors. 

7.1.9 OFAC Compliance. Seller is currently in compliance with and shall at all times during the term of this Contract
remain in compliance with the regulations of the Office of Foreign Assets Control (“OFAC”) of the Department of the Treasury (including those named on OFAC’s Specially Designated and Blocked Persons List) and any statute,
executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action relating thereto. Seller is not,
and will not be, a person or entity with whom Buyer is restricted from doing business with under the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, H.R. 3162, Public Law 107-56 and Executive Order Number 13224 on Terrorism Financing, effective September 24, 2001 and regulations promulgated pursuant thereto, including without limitation persons and entities named on the Office
of Foreign Asset Control Specially Designated Nationals and Blocked Persons List. 

  
 27 

 7.1.10 ERISA. Seller is not an “employee benefit plan” as
defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), which is subject to Title I of ERISA, or a “plan” as defined in Section 4975(e)(1) of the Code, which is
subject to Section 4975 of the Code. The assets of Seller constitute “plan assets” of one or more such plans for purposes of Title I of ERISA or Section 4975 of the Code. The Property is owned by wholly owned subsidiaries of the AFL-CIO Building Investment Trust which is a collective investment fund managed by a bank within the meaning of U.S. Department of Labor class exemption 91-38. Seller is not a
“governmental plan” within the meaning of Section 3(32) of ERISA, but assets of Seller include plan assets of one or more such plans. The transactions contemplated hereunder involving Seller are not in violation of state statutes
applicable to Seller’s regulating investments of and fiduciary obligations with respect to governmental plans. The performance or discharge of Seller’s obligations hereunder shall not constitute a “prohibited transaction” under
applicable provisions of the Code, ERISA or other applicable law provided that Buyer’s representations and warranties in Sections 8.1.6 hereof are true and correct. 

7.1.11 Employees. There are no employees of Seller employed in connection with the use, operation, maintenance or
management of the Property whom Buyer would be obligated to retain or compensate after the Closing Date. 
  

	 	7.2	 Events Before Closing and Other Information; Survival. 

7.2.1 General. Seller shall promptly notify Buyer in writing of any litigation or proceeding instituted against Seller,
the Property or any portion thereof or, to Seller’s Knowledge, threatened in writing against Seller, the Property or any portion thereof before Closing and of any event or condition that, to Seller’s Knowledge, will cause a change in the
facts relating to, or the truth of, any of the above representations or warranties. Seller shall be entitled to modify the representations and warranties contained in this Section 7 to reflect changes thereto first arising
from the Effective Date until Closing (a) that arise in the ordinary course of Seller’s operation of the Property, and (b) such modifications were not caused by or the result of actions of Seller in violation of the terms of this
Contract. 
 7.2.2 Survival. Except as provided in Section 7.2.3 below, the representations
and warranties of Seller contained in this Contract shall survive the Closing for a period of nine (9) months (“Survival Period”). Buyer shall provide Seller with written notice (a “Notice of Breach”) of any
alleged breach or failure of any representation or warranty and specifying the nature thereof. Buyer shall commence any action, suit, or proceeding with respect to any breach or failure that is the subject of the Notice of Breach, if at all, on or
before the expiration of the Survival Period. Seller acknowledges and agrees that the resolution of such action, suit, or proceeding may not occur until after the expiration of the Survival Period and the Survival Period shall be deemed to be tolled
with respect to (and only with respect to) any alleged breach or failure of a representation or warranty of which Seller receives a Notice of Breach before the expiration of the Survival Period, provided Buyer files an action, suit or proceeding
with respect thereto prior to the expiration of the Survival Period. 

  
 28 

 7.2.3 Exception Matters. As used in this Contract, the term
“Exception Matter” means a matter disclosed to Buyer in the Due Diligence Materials or in writing or discovered by Buyer before the Closing, that would make a representation or warranty of Seller contained in this Contract untrue or
incorrect, including, without limitation, matters disclosed in writing to Buyer by Seller, or information obtained from interviews with the Local Property Manager, or from any other person. Buyer shall promptly notify Seller in writing of any
Exception Matter of which Buyer obtains knowledge before the Closing. If the Buyer Group obtains knowledge of any Exception Matter before the Closing, but Buyer proceeds with the acquisition of the Property, Buyer shall consummate the acquisition of
the Property subject to such Exception Matter and Seller shall have no liability with respect to such Exception Matter, notwithstanding any contrary provision, covenant, representation, or warranty contained in this Contract or in any other
documents executed and delivered by Seller in connection with the Closing. 
 7.2.4 Limitation on Liability.
Notwithstanding anything to the contrary contained herein, after the Closing: (a) the maximum aggregate liability of Seller, and the maximum aggregate amount that may be awarded to and collected by Buyer (including, without limitation, for any
breach of any representation, warranty, and/or covenant by Seller) under this Contract and any documents executed and delivered pursuant hereto or in connection herewith, including without limitation the Closing Documents, but expressly excluding
the prorations obligations of Seller under Section 4.3 and the indemnity obligations of Seller under Section 12.2, shall under no circumstances whatsoever exceed One Million Seven Hundred
Fifty-Three Thousand Eight Hundred Dollars ($1,753,800) (the “Cap Amount”); and (b) no claim by Buyer alleging a breach by Seller of any representation, warranty, and/or covenant of Seller contained herein or in any other
documents executed and delivered pursuant hereto or in connection herewith may be made, and Seller shall not be liable for any judgment in any action based on any such claim, unless and until such claim, either alone or together with any other
claims by Buyer alleging a breach by Seller of any such representation, warranty, and/or covenant is for an aggregate amount in excess of One Hundred Thousand Dollars ($100,000) (“Floor Amount”), in which event Seller’s
liability respecting any final judgment concerning such claim or claims shall be for the entire amount thereof, subject to the limitation set forth in clause (a) above; provided, however, that if any such final judgment is for an
amount that is less than or equal to the Floor Amount, then Seller shall have no liability with respect thereto. Following Closing, Seller agrees that it will retain, or cause to be retained and maintained, the Cap Amount in a savings or deposit
account at Bank of America, N.A. or another federally insured, national banking association (the “Post-Closing Reserve”), until the expiration of the Survival Period; provided, however, if Buyer initiates a lawsuit during the
Survival Period, then Seller shall continue to retain or caused to be retained in a savings or deposit account at Bank of America, N.A. or another federally insured, national banking association an amount equal to the lesser of the Cap Amount or the
amount of damages alleged by Buyer until such claim is settled or finally adjudicated. The provisions of this Section 7.2.4 shall survive Closing. 
  

	 	8.	 REPRESENTATIONS, WARRANTIES, AND COVENANTS OF BUYER. 

8.1 Buyer Representations. Buyer represents and warrants to Seller that each of the following representations and
warranties is material and is true and correct as of the Effective Date and shall be true and correct at Closing: 
 8.1.1
Authority of Buyer. Buyer is duly organized and in good standing under the laws of the state of its formation, and has the right, power, and authority to enter into this Contract and to purchase the Property in accordance
with the terms and conditions of this Contract without obtaining any consents or approvals from, or the taking of any other actions with respect to, any third parties. All requisite corporate, limited liability or partnership, as applicable, action
has been taken by Buyer in connection with entering into this Contract, the instruments referenced herein, and the consummation of the transaction contemplated hereby. This Contract, when executed and delivered by Seller and Buyer, and all documents
executed by Buyer pursuant hereto, will constitute the valid and binding agreement of Buyer. The person executing this Contract and the documents contemplated hereby on behalf of Buyer has the power and authority to bind Buyer. 

  
 29 

 8.1.2 Ability to Perform. Neither the execution and delivery of this
Contract and the documents contemplated hereby nor the consummation of the transaction contemplated by this Contract, will result (either immediately or after the passage of time and/or the giving of notice) in breach or default by Buyer under any
agreement or understanding to which Buyer is a party, by which Buyer may be barred from performing its obligations under this Contract, or which would have an adverse effect upon Buyer’s ability to fully perform its obligations under this
Contract. 
 8.1.3 Bankruptcy. Buyer has not (a) commenced a voluntary case, or had entered against it a petition,
for relief under any federal bankruptcy act or any similar petition, order or decree under any federal or state law or statute relative to bankruptcy, insolvency or other relief for debtors, or (b) caused, suffered, or consented to the
appointment of a receiver, trustee, administrator, conservator, liquidator, or similar official in any federal, state, or foreign judicial or non-judicial proceeding, to hold, administer and/or liquidate all
or substantially all of its assets, or (c) made an assignment for the benefit of creditors. 
 8.1.4 ERISA. Buyer
is not a party in interest under Section 3(14) of ERISA or a disqualified person under Section 4975(e)(2) of the Internal Revenue Code of 1986, as amended, with respect to the AFL-CIO Building
Investment Trust or the plans participating therein, a list of which has been provided to Buyer by Seller. Buyer is not an employee benefit plan as defined in Section 3(3) of ERISA, a plan as defined in Section 4975(e)(1) of the Code, nor
an entity the assets of which are deemed to include plan assets pursuant to Department of Labor regulation Section 2510.3-101. The funds used by Buyer to purchase the Property do not constitute in full or
in part “plan assets” subject to ERISA (as defined in 29 C.F.R. § 2510.3-101). 

8.1.5 Anti-Money Laundering/International Trade Law Compliance. No Covered Entity (as defined below): (1)
is a Sanctioned Person (as defined below); and (2) either in Covered Entity’s own right or through any third party, (a) has any of its assets in a Sanctioned Country (as defined below) or in the possession, custody or control of a
Sanctioned Person in violation of any Anti-Terrorism Law (as defined below), (b) does business in or with, or derives any of its income from investment in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any
Anti-Terrorism Law, or (c) engages in any dealings or transactions prohibited by any Anti-Terrorism Law. 
 8.1.6 No
Financing or Affiliation with PNC. Buyer has not and shall not finance all or any part of the Purchase Price with funds borrowed from PNC Bank, National Association or any affiliate or subsidiary thereof (collectively
“PNC”). Buyer represents that PNC is not involved at the request of Buyer and has not been engaged by Buyer in any capacity in connection with the transactions contemplated by this Contract. PNC has not been engaged by, and is not
receiving any fees directly from, Buyer in any capacity in connection with the transactions contemplated by this Contract or in connection with the Property. Buyer is not directly or indirectly through one or more intermediaries, controlling,
controlled by or under common control with PNC. 

  
 30 

 8.1.7 FIRRMA and DPA Compliance. The consummation of the
transactions contemplated by this Contract will not result in the transfer of control of the Property to a Foreign Person as defined in 31 C.F.R. § 800.224 and 31 C.F.R. § 802.221, and will not constitute a Covered Transaction as defined
in 31 C.F.R. § 800.213, or a Covered Real Estate Transaction as defined in 31 C.F.R. § 802.212. The transactions contemplated by this Contract do not require any reporting or filing pursuant to the Section 721 of the Defense
Protection Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (“FINSA”), and the Foreign Investment Risk Review Modernization Act (“FIRRMA”). 

8.1.8 Governmental Authorization. The execution, delivery and performance by Buyer of this Contract and the consummation
by Buyer of the transactions contemplated hereby require no consent, approval, authorization or permit of or other action by, or filing, declaration, registration with, or notification to any Governmental Authority other than: 

8.1.8.1 such consents, approvals, authorizations, permits, filings, declarations, actions, registrations, or notifications required as
a result of the identity of Buyer or any of its affiliates, which the Buyer has disclosed on Schedule 1, and which Buyer undertakes to file with any required Governmental Authority and receive any required consent or approval prior to Closing; or

 8.1.8.2 any filings required under, and compliance with any other applicable requirements of, the 1933 Act, the 1934 Act and any
other applicable laws concerning state or federal securities or the rules and regulations of the NYSE; or 
 8.1.8.3 any
consents, approvals, authorizations, permits, filings, declarations, actions, registrations, or notifications the absence of which would not reasonably be expected to, individually or in the aggregate, prevent or materially delay the consummation of
the transactions contemplated hereby. 
 8.1.9 Sophistication of Buyer. Buyer is a sophisticated buyer who is familiar
with the ownership and operation of real estate projects similar to the Property, and (subject to the limitations on such activities imposed by the Tenant Leases or by Seller pursuant to the other provisions hereof) that Buyer has been given or will
be given before the end of the Study Period, a full opportunity to inspect and investigate each and every aspect of the Property and any and all matters relating thereto, either independently or through agents of Buyer’s choosing. 

8.2 Covered Entity Compliance. Buyer hereby covenants during the term of this Contract, that no Covered Entity:
(1) will become a Sanctioned Person, and (2) either in Covered Entity’s own right or through any third party (a) will have any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person
in violation of any Anti-Terrorism Law; (b) will do business in or with, or derive any of its income from investment in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; (c) will
engage in any dealings or transactions prohibited by any Anti-Terrorism Law; or (d) will use any proceeds, funds or fees advanced pursuant to this Contract to fund any operations in, finance any investments or activities in, or, make any
payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law. Buyer further covenants that each Covered Entity shall comply with all Anti-Terrorism Laws. Buyer shall promptly notify Seller in writing upon the
occurrence of a Reportable Compliance Event. 
 8.2.1 As used in this Section and in
Section 8.1.5: 
 (a) “Anti-Terrorism Laws” means any Laws relating
to terrorism, trade sanctions programs and embargoes, import/export licensing, money laundering, or bribery, and any regulation, order, or directive promulgated, issued, or enforced pursuant to such Laws, all as amended, supplemented or replaced
from time to time. 

  
 31 

 (b) “Covered Entity” means (a) Buyer, each of Buyer’s
subsidiaries, and (b) each person or entity that, directly or indirectly, is in control of a person or entity described in clause (a) above. For purposes of this definition, control of a person or entity shall mean the direct or indirect
(x) ownership of, or power to vote, 25% or more of the issued and outstanding equity interests having ordinary voting power for the election of directors of such person or entity or other persons or entities performing similar functions for
such person or entity, or (y) power to direct or cause the direction of the management and policies of such person or entity whether by ownership of equity interests, contract or otherwise. 

(c) “Governmental Body” means any nation or government, any state or other political subdivision thereof or any entity,
authority, agency, division or department exercising the executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to a government (including any supra-national bodies such as the European Union or
the European Central Bank) and any group or body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or
the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing). 
 (d) “Law”
shall mean any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or
award of or any settlement arrangement, by agreement, consent or otherwise, with any Governmental Body, foreign or domestic. 
 (e)
“Reportable Compliance Event” means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any
Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism
Law. 
 (f) “Sanctioned Country” means a country subject to a sanctions program maintained under any Anti-Terrorism Law.

 (g) “Sanctioned Person” means any individual person, group, regime, entity or thing listed or otherwise recognized as a
specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any
Anti-Terrorism Law. 
 8.3 Survival. The representations and warranties of Buyer contained in this Contract shall
survive the termination of the Contract for a period of nine (9) months. 

  
 32 

	 	9.	 CASUALTY AND CONDEMNATION. 

9.1 Casualty. If before the Closing Date any of the Improvements is damaged or destroyed by fire or other casualty
(“Casualty”), then Seller shall deliver prompt written notice to Buyer of such Casualty and the following provisions shall apply with respect to such Casualty (and the Closing Date shall be extended to permit Buyer to exercise its
rights hereunder): 
 9.1.1 Major Casualty. If such damage or destruction results in a casualty loss to either the
Cortona Property or the Encore Property, individually, (i) in an amount exceeding Two Million Five Hundred Thousand Dollars ($2,500,000), or (ii) that is an uninsured loss in an amount exceeding Two Hundred Fifty Thousand Dollars
($250,000) for which Seller has not agreed to credit Buyer, then, in any such event, Buyer shall have the right to terminate this Contract by written notice to Seller received within ten (10) days after Buyer has received notice of such
Casualty (and, to the extent applicable, the Closing Date shall be extended to the day after the expiration of such ten (10) day period), whereupon Escrow Agent shall return the Deposit to Buyer and thereafter neither party hereto shall have
any further rights, obligations or liabilities hereunder except to the extent that any right, obligation, or liability set forth herein expressly survives termination of this Contract. If this Contract is not terminated pursuant to this
Section 9.1.1, Seller shall not be obligated to repair or restore the Property except as otherwise provided herein. Buyer shall be obligated to Close on the purchase and sale contemplated by this Contract as scheduled
without adjustment of the Purchase Price and Seller shall assign to Buyer at Closing all insurance proceeds payable under Seller’s insurance policies on account of such damage or destruction and, except to the extent the same are used to
reimburse Seller for any restoration work approved by Buyer, pay to Buyer all such unallocated insurance proceeds previously paid plus an amount equal to the amount (but in no event greater than the amount of such casualty loss) that the insurer is
entitled pursuant to the terms of the applicable insurance policy to deduct from the proceeds otherwise payable to Seller on account of such casualty loss; and Seller shall not be obligated to repair or restore the Property except as otherwise
provided herein. 
 9.1.2 Minor Casualty. If such damage or destruction results in a Casualty that does not permit
Buyer to terminate this Contract pursuant to Section 9.1.1, Seller shall not be obligated to repair or restore the Property except as otherwise provided herein. Buyer and Seller shall be obligated to Close on the purchase
and sale contemplated by this Contract as scheduled without adjustment of the Purchase Price and Seller shall assign to Buyer at Closing all insurance proceeds payable under Seller’s insurance policies on account of such damage or destruction,
except to the extent the same are used to reimburse Seller for any restoration work approved by Buyer, and pay to Buyer all such unallocated insurance proceeds previously paid plus an amount equal to the amount (but in no event greater than the
amount of such casualty loss) that the insurer is entitled pursuant to the terms of the applicable insurance policy to deduct from the proceeds otherwise payable to Seller on account of such casualty loss; and Seller shall not be obligated to repair
or restore the Property except as otherwise provided herein. 
 9.2 Condemnation. If before the Closing Date there shall
be instituted against the Property any Condemnation Proceeding, Seller shall immediately give written notice (“Seller’s Condemnation Notice”) of the Condemnation Proceeding to Buyer, and: 

9.2.1 Major Taking. If a Condemnation Proceeding would result in, with respect to either the Cortona Property or the
Encore Property, individually, (i) the taking of any portion of any Improvement or ten percent (10%) or more of the total area of the Cortona Land or the Encore Land as applicable (exclusive of any access roads or streets) or (ii) the
total number of parking spaces being less than required by applicable Legal Requirements, then Buyer shall have the right, in its sole discretion, to terminate this Contract by written notice to Seller received within ten (10) days after the
receipt of Seller’s 

  
 33 

 
Condemnation Notice (and, to the extent applicable, the Closing Date shall be extended to the day after the expiration of such ten (10) day period), whereupon Escrow Agent shall return the
Deposit to Buyer and thereafter neither party hereto shall have any further rights, obligations or liabilities hereunder except to the extent that any right, obligation or liability set forth herein expressly survives termination of this Contract.
If Buyer shall not elect to so terminate this Contract, Buyer shall be obligated to Close on the purchase and sale contemplated hereby as scheduled less the portion of the Property so taken or subject to the Condemnation Proceeding without
adjustment of the Purchase Price and Seller shall assign or pay to Buyer at Closing all of Seller’s right, title, and interest in any award payable on account of the Condemnation Proceeding and/or pay to Buyer all such awards previously paid
and Seller shall have no obligation to repair or restore the Property not so taken by the Condemnation Proceeding except as otherwise provided herein. 

9.2.2 Minor Taking. If the Condemnation Proceeding would not involve, with respect to either the Cortona Property or the
Encore Property, individually, (i) the taking of any portion of any Improvement or ten percent (10%) or more of the total area of the Cortona Land or the Encore Land as applicable (exclusive of any access roads or streets), or (ii) a
taking that renders the total number of parking spaces being less than required by applicable Legal Requirements, Buyer shall have no right to terminate this Contract, and Buyer shall be obligated to Close on the purchase and sale contemplated
hereby as scheduled less the portion of the Property so taken or subject to the Condemnation Proceeding without adjustment of the Purchase Price and Seller shall assign to Buyer at Closing all of Seller’s right, title, and interest in any award
payable on account of such Condemnation Proceeding and/or pay to Buyer all such awards previously paid. Seller shall have no obligation to repair or restore the Property not so taken by the Condemnation Proceeding except as otherwise provided
herein. 
  

	 	10.	 DEFAULT. 

10.1 Buyer’s Default; Liquidated Damages. Buyer and Seller each acknowledge that
it would be difficult to ascertain the actual damages that would be suffered by Seller if Buyer defaults in consummating the purchase and sale contemplated by this Contract or breaches its obligations under this Contract. Accordingly, if all
conditions precedent to Buyer’s obligation to consummate the transactions contemplated by this Contract have been satisfied or waived, but Buyer fails, refuses, or is unable to consummate the purchase and sale contemplated by this Contract,
then Seller’s sole and exclusive remedy shall be to obtain the Deposit from the Escrow Agent as liquidated damages and not as a penalty for such Buyer’s default; provided, however, that Seller shall retain any and all rights under the law
of contribution to the extent Seller incurs costs and Buyer fails to pay one-half of all expenses incurred under Section 12.16 below, and to recover under all indemnification
obligations of Buyer set forth in this Contract; such rights to be separate from and in addition to Seller’s rights under this Section 10.1. On Seller’s receipt of the Deposit, neither party to this Contract shall
have any further liability to the other and this Contract shall terminate and thereupon Seller and Buyer shall be released from all further liability under this Contract except as otherwise provided in this Contract. SELLER AND BUYER ACKNOWLEDGE AND
AGREE THAT (1) THE AMOUNT OF THE DEPOSIT IS A REASONABLE ESTIMATE OF AND BEARS A REASONABLE RELATIONSHIP TO THE DAMAGES THAT WOULD BE SUFFERED AND COSTS INCURRED BY SELLER AS A RESULT OF HAVING WITHDRAWN THE PROPERTY FROM SALE AND THE FAILURE
OF CLOSING TO HAVE OCCURRED DUE TO A DEFAULT OF BUYER UNDER THIS CONTRACT; (2) THE ACTUAL DAMAGES SUFFERED AND COSTS INCURRED BY SELLER AS A RESULT OF SUCH WITHDRAWAL AND FAILURE TO CLOSE DUE TO A DEFAULT OF BUYER UNDER THIS CONTRACT WOULD BE
EXTREMELY DIFFICULT AND IMPRACTICAL TO DETERMINE; (3) BUYER SEEKS TO LIMIT ITS LIABILITY UNDER THIS CONTRACT TO THE AMOUNT OF THE DEPOSIT IN THE EVENT THIS CONTRACT IS TERMINATED AND THE TRANSACTION CONTEMPLATED BY THIS CONTRACT DOES NOT CLOSE
DUE TO A DEFAULT OF BUYER UNDER THIS CONTRACT; AND (4) THE AMOUNT OF THE DEPOSIT SHALL BE AND CONSTITUTE REASONABLE AND VALID LIQUIDATED DAMAGES. 

  
 34 

 BY PLACING THEIR INITIALS BELOW, EACH PARTY SPECIFICALLY CONFIRMS THE ACCURACY OF THE STATEMENTS MADE ABOVE
AND THE FACT THAT EACH PARTY WAS REPRESENTED BY COUNSEL WHO EXPLAINED, AT THE TIME THIS CONTRACT WAS MADE, THE CONSEQUENCES OF THIS LIQUIDATED DAMAGES PROVISION. 

SELLER:     /s/ Clayton Flanagn                 
BUYER:     /s/ JG                         

10.2 Seller’s Default. If all conditions and other events precedent to
Seller’s obligations to consummate the transactions contemplated by this Contract have been satisfied or waived, but Seller fails, refuses, or is unable to consummate the purchase and sale contemplated by this Contract, then Buyer’s sole
and exclusive remedy shall be either to (a) file a suit against Seller for specific performance to enforce Seller’s obligations to convey the Property within thirty (30) days after the Closing Date, provided that no such action in
specific performance shall seek to require Seller to do any of the following: (i) change the condition of the Property or restore the same after any Casualty; (ii) expend money or post a bond to remove a title encumbrance or defect or
correct any matter shown on a Survey of the Property, except as required in Section 3.3.5 and/or Section 5.2.9; or (iii) secure any Permit, approval, or consent for the Property or
Seller’s conveyance of the Property, or (b) send written notice to Seller and Escrow Agent of Seller’s default, in which event Escrow Agent shall promptly return the Deposit to Buyer. On payment of the Deposit, neither party to this
Contract shall have any further liability to the other and this Contract shall terminate and thereupon Seller and Buyer shall be released from all further liability under this Contract except as otherwise provided in this Contract, and Seller shall
pay to Buyer, as liquidated damages, the amount of Buyer’s actual, third-party out-of-pocket costs related to the transactions contemplated by this Contract in an
amount not to exceed One Hundred Fifty Thousand Dollars ($150,000) (which obligation shall survive a termination of this Contract); provided, however, in either case, that Buyer shall retain its rights under Section 12.2,
such rights to be separate from and in addition to Buyer’s rights under this Section 10.2. 
 10.3
Lis Pendens. Without limitation on the other limitations on remedies contained herein, in the event of any dispute between the parties respecting this Contract or the transactions herein contemplated, Buyer hereby waives
(i) any right to record or file a lis pendens or other similar notice of suit, and (ii) any right to assert any claim affecting the right of possession or title to the Property. Notwithstanding the foregoing, in the event that Buyer elects
to file a suit against Seller for specific performance to enforce Seller’s obligations to convey the Property within thirty (30) days after the Closing Date in accordance with Section 10.2, Buyer shall have the
right to record or file a lis pendens or other similar notice of suit with respect to the Property. 
  

	 	11.	 NOTICES. 

Any notice, demand, consent, approval, request, or other communication or document to be provided hereunder to a party hereto shall be in
writing and shall be given to such party at its address, email address or telecopy number set forth below or such other address or email as such party may hereafter specify for that purpose by notice to the other party. Each such notice, request, or
communication shall, for all purposes, be deemed given and received (a) if hand delivered against receipted copy, when the copy thereof is receipted, (b) if given by a recognized overnight delivery service,

  
 35 

 
the day on which such notice, request, or other communication is actually received or rejected by the recipient, (c) if given by registered mail or if given by certified mail, return receipt
requested, postage prepaid, three (3) days after it is posted with the United States Postal Service, at the address specified below, and (d) if given by email on the date of delivery, provided that such notice, request, or communication
shall also have been sent by one other approved means of delivery: 
  

			
	If to Seller:	  	 BIT Highland Park Apartments, LLC and
 BIT
Encore at Forest Park Apartments, LLC
 c/o PNC Bank, National Association, Trustee

One East Pratt Street, Fifth Floor East, Mail Stop C3-C411-5C

Baltimore, Maryland 21202
 Attention: BIT Notice Recipient

Email: Bitnoticerecipent@pnc.com

		
	with copies to:	  	 PNC Realty Investors, Inc.
 One East Pratt
Street, Fifth Floor East, Mail Stop C3-C411-5C
 Baltimore, Maryland
21202
 Attn: Kenneth M. Marty, Jr.
 Email:
kenzie.marty@pnc.com
 and:
 Orrick, Herrington &
Sutcliffe LLP
 405 Howard Street
 San Francisco, California
94105
 Attention: Dustin C. Calkins and Kelsey Kummer
 Email:
dcalkins@orrick.com and kkummer@orrick.com

		
	If to Buyer:	  	 Invesco Advisers, Inc.
 2001 Ross Avenue, Suite
3400
 Dallas, Texas 75201
 Attn: Jason W. Geer

Email: jason.geer@invesco.com

		
	with copies to:	  	 Greenberg Traurig, P.A.
 333 S.E. 2nd Avenue, 44th Floor
 Miami, Florida 33131

Attn: Richard J. Giusto, Esq.
 Email:
GiustoR@gtlaw.com

		
	If to Escrow Agent:	  	 Commonwealth Title of Dallas, Inc.
 2651 N.
Harwood Street, Suite 260
 Dallas, Texas 75201
 Attn: Bev
Griesse
 Email: BGriesse@cltlt.com

  
 36 

	 	12.	 GENERAL PROVISIONS. 

12.1 Assignment. Buyer may not assign its rights under this Contract without the prior written approval of Seller, which
approval Seller may grant or withhold in its sole and absolute subjective discretion; provided, however, that Buyer shall have the one-time right to freely and separately assign its rights
to purchase the Cortona Property and the Encore Property under this Contract at Closing to two separate entities Controlled (as defined below) (i) by Buyer or under common Control with Buyer, or (ii) Controlled by Invesco U.S. Income REIT,
LLC and/or Invesco Real Estate Income Trust, Inc. In case of such permitted assignments, Buyer shall notify Seller and Escrow Agent in writing of the identity of the assignees at least five (5) Business Days before the date of assignments and
attach a copy of the proposed assignment instruments. For purposes of this Section 12.1, “Control” or “Controlled” means the power to influence directly or indirectly the direction,
management, or policies of an entity. Buyer shall not be released from any liability under this Contract upon any such assignments. On or before Closing, Buyer shall deliver to Seller fully executed assignment and assumption agreements which must
provide, inter alia, that (a) Buyer and such assignee shall be jointly and severally liable for all liabilities and obligations of Buyer under this Contract, (b) such assignee makes the representations and warranties in favor
of Seller made by Buyer in this Contract with respect to such assignee as of the date of the assignment and will be true as of the Closing, and (c) expressly permit Seller to rely on (a) and (b) above. In such event, and notwithstanding
anything contained in this Contract to the contrary, all conveyances and deliveries required by Section 5.2 above shall be made to and/or by, as applicable, the respective entity designated by Buyer as the purchaser of the
Cortona Property and the purchaser of the Encore Property. 
 12.2 Brokers. Seller and Buyer acknowledge that Jones Lang
LaSalle Americas, Inc. (“Broker”) and Balke Brown Transwestern (“Co-Broker”) have acted as the broker of the transaction contemplated herein and that (i) Seller shall be
solely responsible to pay Broker a commission or fee in accordance with the terms of a separate agreement between them and (ii) Broker shall be solely responsible to pay Co-Broker a commission or fee in
accordance with the terms of a separate agreement between them. Except as provided in the preceding sentence, each party represents to the other that such party has not incurred any obligation to any broker or real estate agent with respect to the
purchase or sale of the Property. Each of Seller and Buyer warrants and represents to the other that except as referenced in the first sentence of this Section 12.2, such party has employed (expressly or implied) no broker
or finder and has made no agreement (express or implied) to pay any broker’s commissions or finder’s fees in connection with the transactions contemplated by this Contract. Each of Seller and Buyer agrees to indemnify and defend the other
against and to hold the other harmless of and from all claims, demands, liabilities, costs, and expenses (including, but not limited to, reasonable attorneys’ fees) for any commission or fee payable to or claimed by any broker or finder
employed (expressly or impliedly) by it or with whom it made an agreement (express or implied) to pay a broker’s commission or a finder’s fee, except as referenced in the first sentence of this Section 12.2. The
representations, warranties, undertakings and indemnities of this Paragraph shall survive the Closing hereunder and any termination of this Contract. 

12.3 Binding Effect. This Contract shall be binding on each party hereto and such party’s successors and assigns and
shall inure to the benefit of each party hereto and such party’s successors and permitted assigns. 
 12.4 Entire
Agreement. This Contract and all the exhibits referenced herein and annexed hereto contain the entire agreement of the parties hereto with respect to the matters contained herein, and no prior agreement or understanding pertaining to any of
the matters connected with this transaction shall be effective for any purpose. Except as may be otherwise provided herein, the agreements embodied herein may not be amended except by an agreement in writing signed by the parties hereto. 

  
 37 

 12.5 Time is of the Essence. TIME IS OF THE ESSENCE of the transaction
contemplated by this Contract. 
 12.6 Governing Law. This Contract shall be governed by the laws of the State of
Missouri, without regard to principles of conflicts of laws. 
 12.7 Further Assurances. Each party shall execute and
deliver to the other such further documents or instruments as may be reasonable and necessary in furtherance of the performance of the terms, covenants, and conditions of this Contract. This covenant shall survive Closing. 

12.8 Exclusive Application. Nothing in this Contract is intended or shall be construed to confer on or to give to any
person, firm, or corporation other than the parties hereto any right, remedy, or claim under or by reason of this Contract. All terms and conditions of this Contract shall be for the sole and exclusive benefit of the parties hereto and may not be
assigned except as provided herein. 
 12.9 Severability. If any one or more of the provisions contained in this
Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if the invalid,
illegal, or unenforceable provision had never been contained herein. Furthermore, in lieu of any invalid, illegal, or unenforceable provision, there shall be automatically added to this Contract a provision as similar to the illegal, invalid, or
unenforceable provision as may be possible and be legal, valid, and enforceable provided such substitute provision does not change the intent of the parties. 

12.10 Interpretation. The titles, captions, and paragraph headings are inserted for convenience only and are in no way
intended to interpret, define, limit, or expand the scope or content of this Contract or any provision hereof. If any party to this Contract is made up of more than one person or entity, then all such persons and entities shall be included jointly
and severally, even though the defined term for such party is used in the singular in this Contract. If any time period under this Contract ends on a day other than a Business Day, then the time period shall be extended until the next Business Day.
This Contract shall be construed without regard to any presumption or other rule requiring construction against the party causing this Contract to be drafted. If any words or phrases in this Contract shall have been stricken out or otherwise
eliminated, regardless of whether any other words or phrases have been added, this Contract shall be construed as if the words or phrases so stricken out or otherwise eliminated were never included in this Contract and no implication or inference
shall be drawn from the fact that such words or phrases were so stricken out or otherwise eliminated. 
 12.11
Counterparts. This Contract may be executed in separate counterparts and may be delivered by means of facsimile, by electronic PDF or by other electronic means (e.g., DocuSign) on a Business Day. It shall be fully executed when
each party whose signature is required has signed at least one counterpart even though no one counterpart contains the signatures of all of the parties to this Contract. 

  
 38 

 12.12 No Implied Waiver. Unless otherwise expressly provided
herein, no waiver by Seller or Buyer of any provision hereof shall be deemed to have been made unless expressed in writing and signed by such party. No delay or omission in the exercise of any right or remedy accruing to Seller or Buyer upon any
breach under this Contract shall impair such right or remedy or be construed as a waiver of any such breach theretofore or thereafter occurring. The waiver by Seller or Buyer of any breach of any term, covenant, or condition herein stated shall not
be deemed to be a waiver of any other breach, or of a subsequent breach of the same or any other term, covenant, or condition herein contained. 

12.13 Rights Cumulative. All rights, powers, options, or remedies afforded to Seller or Buyer either hereunder or by law
shall be cumulative and not alternative, and the exercise of one right, power, option, or remedy shall not bar other rights, powers, options, or remedies allowed herein or by law, unless expressly provided to the contrary herein. 

12.14 Memorandum. Neither party hereto shall record this Contract or any memorandum hereof. 

12.15 Attorneys’ Fees. Should either party employ an attorney or attorneys to enforce any of the provisions hereof or
to protect its interest in any manner arising under this Contract, or to recover damages for breach of this Contract, the non-prevailing party in any action pursued in a court of competent jurisdiction (the
finality of which is not legally contested) agrees to pay to the prevailing party all reasonable costs, damages and expenses, including attorney’s fees, expended or incurred in connection therewith, both at trial and on appeal or petition for
review. 
 12.16 Escrow Agent. 

12.16.1 Reliance. Escrow Agent shall be the reporting person pursuant to 26 C.F.R.
1.6045-4. Escrow Agent may act in reliance on any writing or instrument or signature that Escrow Agent, in good faith, believes to be genuine, and may assume the validity and accuracy of any statement or
assertion contained in such a writing or instrument and may assume that any person purporting to give any writing, notice, advice, or instruction in connection with the provisions hereof has been duly authorized so to do. Escrow Agent’s duties
hereunder shall be limited to the safe-keeping of the Deposit and the disposition of the same in accordance with the terms hereof. 

12.16.2 Indemnification. Seller and Buyer, jointly and severally, hereby agree to indemnify Escrow Agent and hold it
harmless from any and all claims, liabilities, losses, actions, suits, or proceedings at law or in equity, or any other expense, fees, or charges of any character or nature, which Escrow Agent may incur or with which Escrow Agent may be threatened
by reason of its acting as Escrow Agent under this Contract, and in connection therewith, to indemnify Escrow Agent against any and all expenses, including reasonable attorneys’ fees and the cost of defending any actions, suit or proceeding or
resisting any claim. 
 12.16.3 Court Action. If the parties hereto shall be in disagreement about the interpretation
of this Contract, or about their rights and obligations hereunder, or the propriety of any action contemplated by Escrow Agent hereunder, any party hereto may, at its discretion, file an action in a court of competent jurisdiction to resolve such
disagreement. Escrow Agent shall be indemnified, jointly and severally, by Seller and Buyer for all costs, including attorneys’ fees, in connection with any such action, and shall be fully protected in suspending all or a part of its activities
under this Contract until a final judgment, order, or decree in the action is received. 
 12.16.4 Standard of Care.
Escrow Agent shall not be liable for any mistakes of fact, or errors of judgment, or for any acts or omission of any kind unless caused by the willful misconduct or negligence of Escrow Agent. 

  
 39 

 12.16.5 Reporting Person. In order to assure compliance with the
requirements of Section 6045 of the Code and any related reporting requirements of the Code, the parties hereto agree that Escrow Agent, by its execution hereof, hereby assumes all responsibilities for information reporting required under
Section 6045(e) of the Code. 
 12.16.6 Deposit. Escrow Agent shall maintain the Deposit with an FDIC insured
institution and in an interest bearing account. 
 12.17 No Personal Liability. In no event shall any member or limited
partner, or any manager, officer, director, agent, advisor, trustee or representative of Seller or Buyer have any personal liability, directly or indirectly, under this Contract or the transactions contemplated hereby. Buyer, its affiliates and
their respective successors and assigns and, without limitation, all other persons and entities, shall look solely to Seller’s interest in the Property and proceeds from the sale of the Property for the payment of any claim or for any
performance, and Buyer on behalf of itself and its successors and assigns hereby waives any and all such personal liability. The limitations of liability contained in this Section 12.17 shall survive the termination of this
Contract or the Closing Date, as applicable, and are in addition to, and not in limitation of, any limitation on liability applicable to Seller provided elsewhere in this Contract or by law or by any other contract, agreement or instrument. 

12.18 Confidentiality. In addition to the provisions of Section 3.2.5, Buyer shall maintain as
confidential any and all material obtained about this Contract, or the transactions contemplated hereby, and shall not disclose such information to any other person without the prior written consent of Seller unless and until a sale of the Property
shall have been consummated between Seller and Buyer. Notwithstanding anything to the contrary hereinabove set forth, Buyer may disclose such information (i) to the Buyer Group, but subject to such individuals or entities being bound by the
confidentiality provisions of this paragraph, (ii) as any Governmental Authority may require in order to comply with applicable laws, provided that Buyer give Seller at least two (2) Business Days’ prior written notice before Buyer
discloses such information to such Governmental Authority, (iii) to the extent that such information is a matter of public record other than as a result of a disclosure by Buyer or any other member of the Buyer Group, and (iv) to the
extent such information was available to the Buyer or any other member of the Buyer Group on a non-confidential basis prior to its disclosure by the Seller or any member of the Seller Group. In addition, the
confidentiality restrictions contained in this paragraph shall not apply to any disclosures required by law or regulatory requirement, by court order or subpoena, or in the event of litigation between the parties arising out of this Contract or a
contract of sale, if any. Buyer agrees to indemnify, defend and hold harmless each of the Seller Group from and against any and all claims, damages of any kind or nature, demands, actions or causes of action, assessments, losses, costs, expenses,
liabilities, interest, penalties, and reasonable attorneys’ fees, suffered or incurred by the Seller Group, or any of them, resulting from a failure by Buyer or any other member of the Buyer Group to keep the Confidential Information
confidential in accordance with the terms of this Contract. Seller shall not issue any press release regarding the identity of Buyer, the Purchase Price or the “cap rate” of either Property. The provisions of this paragraph shall survive
the Closing or any termination of this Contract. 
 12.19 JURY TRIAL WAIVER. THE PARTIES HEREBY KNOWINGLY AND
VOLUNTARILY, AND IRREVOCABLY WAIVE THEIR RIGHT TO A TRIAL BY JURY AND AGREE THAT ANY CLAIM, COUNTERCLAIM, AND OTHER DISPUTE HEREUNDER SHALL BE DECIDED SOLELY BY A JUDGE (WITHOUT THE USE OF A JURY) SITTING IN A COURT OF COMPETENT JURISDICTION. THIS
JURY TRIAL WAIVER PROVISION SHALL SURVIVE THE CLOSING AND THE TERMINATION OF THIS CONTRACT. 

  
 40 

 12.20 CONDOMINIUM CONVERSION. Buyer and Cortona Seller shall execute
and cause to be recorded immediately after the Cortona Deed, the Cortona Conversion and Sale Restrictive Covenant. Buyer and Encore Seller shall execute and cause to be recorded immediately after the Encore Deed, the Encore Conversion and Sale
Restrictive Covenant. IF BUYER CONVERTS EITHER THE CORTONA PROPERTY OR THE ENCORE PROPERTY INTO A CONDOMINIUM FORM OF PROPERTY OWNERSHIP IN VIOLATION OF EITHER THE CORTONA CONVERSION AND SALE RESTRICTIVE COVENANT OR THE ENCORE CONVERSION AND SALE
RESTRICTIVE COVENANT, BUYER SHALL INDEMNIFY, DEFEND, AND FOREVER HOLD HARMLESS SELLER FROM AND AGAINST ANY AND ALL CLAIMS, ACTIONS, LIABILITIES, DAMAGES, LOSSES, COSTS, AND EXPENSES, INCLUDING BUT NOT LIMITED TO ATTORNEYS’ FEES, THAT MAYBE
ASSERTED AGAINST OR INCURRED BY SELLER AS A RESULT OF OR IN CONNECTION WITH ANY CLAIMS BY ANY CONDOMINIUM UNIT PURCHASER OR PURCHASERS OR ANY CONDOMINIUM ASSOCIATION THAT THERE ARE ANY FAULTS, DEFECTS,
NON-CONFORMITIES, OR VIOLATIONS IN OR WITH RESPECT TO THE PROPERTY OR THE CONSTRUCTION, MAINTENANCE, OR REPAIR THEREOF. BUYER’S OBLIGATIONS UNDER THIS SECTION 12.20 SHALL SURVIVE THE CLOSING
FOR TEN (10) YEARS FROM THE DATE OF THE FINAL CERTIFICATE OF OCCUPANCY FOR THE CORTONA PROPERTY AND ENCORE PROPERTY, AS APPLICABLE, AND SHALL NOT BE SUBJECT TO THE SURVIVAL PERIOD, EXCEPT THAT BUYER’S INDEMNITY OBLIGATIONS AS CONTAINED
THIS SECTION 12.20 SHALL NOT APPLY TO A VIOLATION OF THIS COVENANT FIRST OCCURRING FOLLOWING THE SALE OF THE PROPERTY TO A THIRD-PARTY IN WHICH EVENT THE PROVISIONS OF THE CORTONA CONVERSION AND SALE RESTRICTIVE COVENANT AND ENCORE CONVERSION
AND SALE RESTRICTIVE COVENANT, AS APPLICABLE, SHALL CONTROL. 
 12.21 Access and Indemnity Agreement. The Access and
Indemnity Agreement is hereby terminated subject to the obligations of the parties thereto that expressly survive termination. 
 12.22
Post-Closing Access. For a period of three (3) years subsequent to the Closing Date, Seller and its employees, agents and representatives shall be entitled, upon five (5) business days prior written notice to
Buyer, to access during business hours to all documents, books and records given to Buyer by Seller at the Closing relating to the periods prior to Closing for tax and audit purposes, regulatory compliance, and cooperating with governmental
investigations upon reasonable prior notice to Buyer, and shall have the right to make copies of such documents, books and records at Seller’s sole cost and expense. 

12.23 Audit Information. Buyer has advised Seller that Buyer must comply with Securities and Exchange Commission
Regulations S-X (17 C.F.R. § Part 210) (“Regulation SX”), including, but not limited to, Item 3-14, which requires Buyer to cause to be prepared
three (3) years of audited income statements for the Property. Seller shall use commercially reasonable efforts to provide Buyer, at no out-of-pocket cost and
solely de minimis internal cost to Seller, any reasonable financial information, financial statements and supporting documentation (the “Audit Information”) in Seller’s possession or under Seller’s control as are
reasonably necessary for Buyer’s auditors to prepare such audited income statements in compliance with Regulation S-X. All Audit Information shall be provided to Buyer solely for informational purposes,
all without representation or warranty of any kind whatsoever. The provisions of this Section 12.23 shall survive the Closing. 

[Signatures Appear On Following Pages] 

  
 41 

 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Contract
as of the date set forth beneath their respective signatures. 
  

					
	SELLER:
	
	BIT HIGHLAND PARK APARTMENTS, LLC, 
	a Delaware limited liability company
		
	By:	 	BIT Investment Sixty, LLC,
		 	a Delaware limited liability company,
its sole member
			
		 	By:	 	 /s/ Clayton Flanagan

		 	Name:	 	Clayton Flanagan
		 	Title:	 	Vice President/Assistant Secretary
	
	BIT ENCORE AT FOREST PARK APARTMENTS, LLC,
	a Delaware limited liability company
		
	By:	 	BIT Investment Seventy- Seven, LLC,
		 	a Delaware limited liability company,
its sole member
			
		 	By:	 	 /s/ Clayton Flanagan

		 	Name:	 	Clayton Flanagan
		 	Title:	 	Vice President/Assistant Secretary
	
	BUYER:
	
	INVESCO ADVISERS, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jason W. Geer

	Name:	 	Jason W. Geer
	Title:	 	Assistant Vice President

  
 42 

 JOINDER 

Escrow Agent joins in the execution of this Contract to evidence its agreement to be bound by the terms and conditions hereof. 

 

			
	COMMONWEALTH TITLE OF DALLAS, INC.
		
	By:	 	 /s/ Bev Griesse

	Name: Bev Griesse
	Title: Escrow Officer

 LIST OF EXHIBITS 

 

			
	 Exhibit A-1

Exhibit A-2
	  	 Cortona Land Description
 Encore Land
Description

	 Exhibit B-1

Exhibit B-2
	  	 Cortona Personal Property
 Encore Personal
Property

	Exhibit C	  	Intentionally Omitted
	 Exhibit D-1

Exhibit D-2
	  	 Cortona Rent Roll
 Encore Rent
Roll

	Exhibit E	  	List of Service Contracts
	 Exhibit E-1

Exhibit E-2
	  	 List of Cortona Mandatory Contracts
 List of
Encore Mandatory Contracts

	Exhibit F	  	Form of Owner’s Declaration
	Exhibit G	  	Form of Deed
	Exhibit H	  	Form of Assignment of Leases
	Exhibit I	  	Form of Assignment of Surviving Service Contracts and Other Interests
	Exhibit J	  	Form of Bill of Sale
	Exhibit K	  	Form of FIRPTA Affidavit
	 Exhibit L
 Exhibit M
	  	 Form of Conversion and Sale Restrictive Covenant

Form of Declaration Estoppel

		
	Schedule 1	  	Buyer Approvals

  
 2 

 EXHIBIT A-1 

Cortona Land Description 
 PARCEL NO. 1:

 LOT 8A-1 OF THE RESUBDIVISION OF LOT 8A OF THE RESUBDIVISION OF LOT 8 OF THE HIGHLANDS AT FOREST PARK, AND IN
BLOCK 4002 OF THE CITY OF ST. LOUIS, MISSOURI, ACCORDING TO THE PLAT THEREOF RECORDED IN BOOK 03072012, PAGE 0106 OF THE ST. LOUIS CITY, MISSOURI, RECORDS. 

PARCEL NO. 2: 

NON-EXCLUSIVE EASEMENTS FOR INGRESS AND EGRESS CREATED AND ESTABLISHED BY THE INDENTURE OF COVENANTS AND RESTRICTIONS
DATED MARCH 17TH, 2000 AND RECORDED ON MARCH 24TH, 2000 IN BOOK 1624M, PAGE 1970 AND BY THE PLAT RECORDED ON MARCH 21ST, 2000 IN PLAT BOOK 74, PAGE 15, OVER THE PRIVATE STREETS LOCATED WITHIN SAID SUBDIVISION OF THE HIGHLANDS AT FOREST PARK. 

PARCEL NO. 3 

NON-EXCLUSIVE EASEMENT FOR PURPOSES OF PEDESTRIAN AND VEHICULAR ACCESS, INGRESS AND EGRESS CREATED BY THE DRIVEWAY
CONSTRUCTION, MAINTENANCE AND EASEMENT AGREEMENT DATED DECEMBER 28TH, 2006 AND RECORDED ON DECEMBER 29TH, 2006 IN BOOK 12292006, PAGE 0303 AND BY THE INSTRUMENT DATED DECEMBER 29TH, 2006 RECORDED ON JANUARY 11TH, 2007 IN BOOK 01112007, PAGE 0025,
OVER A DRIVEWAY LOCATED ON A PORTION OF THE FOLLOWING DESCRIBED PROPERTIES TO-WIT: 
 LOT 8A-2 OF THE RESUBDIVISION OF LOT 8A OF THE RESUBDIVISION OF LOT 8 OF THE HIGHLANDS AT FOREST PARK, AND IN BLOCK 4002 OF THE CITY OF ST. LOUIS, MISSOURI, ACCORDING TO THE PLAT THEREOF RECORDED IN BOOK 03072012, PAGE
0106 OF THE ST. LOUIS CITY, MISSOURI, RECORDS. 
 AND LOT 8B OF THE RESUBDIVISION OF LOT 8 OF THE RESUBDIVISION OF LOT 5B OF THE RESUBDIVISION OF LOT 4 AND
5 OF HIGHLANDS AT FOREST PARK, A SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN BOOK 12052006, PAGE 0185 OF THE ST. LOUIS CITY, MISSOURI, RECORDS, AND BEING LOCATED IN PART OF BLOCK 4002 OF THE CITY OF ST. LOUIS, MISSOURI. 

PARCEL NO. 4: 
 LOT A OF HIGHLANDS AT FOREST PARK PLAT TWO, A
SUBDIVISION IN BLOCK 4002 OF THE CITY OF ST. LOUIS, MISSOURI ACCORDING TO THE PLAT THEREOF RECORDED IN BOOK 04152016, PAGE 0317 OF THE RECORDS OF THE CITY OF ST. LOUIS, MISSOURI. 

 EXHIBIT A-2 

Encore Land Description 
 PARCEL
NO. 1: 
 LOT 8A-2 OF THE RESUBDIVISION OF LOT 8A OF THE RESUBDIVISION OF LOT 8 OF THE 

HIGHLANDS AT FOREST PARK, AND IN BLOCK 4002 OF THE CITY OF ST. LOUIS, MISSOURI, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 03072012 PAGE 0106 OF THE
ST. LOUIS CITY RECORDS. 
 PARCEL NO. 2: 
 NON-EXCLUSIVE EASEMENTS FOR INGRESS AND EGRESS CREATED AND ESTABLISHED BY THE INDENTURE OF COVENANTS AND RESTRICTIONS DATED MARCH 171H, 2000 AND RECORDED ON MARCH 24TH, 2000 IN BOOK 1624M PAGE 1970 AND BY THE PLAT
RECORDED ON MARCH 21ST, 2000 IN PLAT BOOK 74 PAGE 15, OVER THE PRIVATE STREETS LOCATED WITHIN SAID SUBDIVISIONS OF THE HIGHLANDS AT FOREST PARK 
 PARCEL
NO. 3: 
 NON-EXCLUSIVE EASEMENT FOR PURPOSES OF PEDESTRIAN AND VEHICULAR ACCESS, INGRESS AND EGRESS CREATED BY
THE DRIVEWAY CONSTRUCTION, MAINTENANCE AND EASEMENT AGREEMENT DATED DECEMBER 28TH, 2006 AND RECORDED ON DECEMBER 29TH, 2006 IN BOOK 12292006 PAGE 0303, BY THE INSTRUMENT DATED DECEMBER 29TH, 2006 RECORDED ON JANUARY 11TH, 2007 IN BOOK 01112007 PAGE
0025, OVER A DRIVEWAY LOCATED ON PORTIONS OF THE FOLLOWING DESCRIBED PROPERTIES TO-WIT: 
 LOT 8B OF THE
RESUBDIVISION OF LOT 8 OF THE RESUBDIVISION OF LOT 5B OF THE RESUBDIVISION OF LOT 4 AND 5 OF HIGHLANDS AT FOREST PARK, A SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 12052006 PAGE 0185 OF THE ST. LOUIS CITY RECORDS, AND BEING
LOCATED IN PART OF BLOCK 4002 OF THE CITY OF ST. LOUIS, MISSOURI. 
 PARCEL NO. 4: 

NON-EXCLUSIVE EASEMENT FOR A PERPETUAL EASEMENT FOR PEDESTRIAN AND VEHICULAR ACCESS, INGRESS AND EGRESS PURPOSES
CREATED BY THE DRIVEWAY MAINTENANCE AND EASEMENT AGREEMENT DATED MAY 4TH, 2016 AND RECORDED MAY 5TH, 2016, IN BOOK 05052016 PAGE 0093, IN AND TO THAT PORTION OF THE FOLLOWING DESCRIBED PROPERTY TO-WIT: 

LOT 8A-1 OF THE RESUBDIVISION OF LOT 8A OF THE RESUBDIVISION OF THE RESUBDIVISION OF LOT 8 OF THE HIGHLANDS AT FOREST
PARK, AND IN BLOCK 4002 OF THE CITY OF ST. LOUIS, MISSOURI ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 03072012 PAGE 0106 OF THE ST. LOUIS CITY RECORDS. 

 EXHIBIT B-1 

Cortona Personal Property 
  

	
	 Description

	Dell Optiplex 3050 & Monitors
	IPads
	Sophos Network Security Firewall
	UpBeat-trash containers
	Brunswick Pool Table
	Shuffleboard Table
	Ping Pong Table
	Ace Side Chairs
	Bean Shaped Chairs
	Bean Shaped Sofa
	Ottomans
	Curved Banquette
	Throw Pillows
	Chair
	Custom Steel & Wood Planter
	Cocktail Table
	Dining Tables
	Communal Table
	Table Stool
	Bistro Table
	Floor Lamp
	Bar Stool
	Counter Stool
	Leather Seat
	Counter Stools
	Lounge Chairs
	AV System
	Fitness Room Equipment
	Rugs
	Surveillance System
	Stools
	Bike Rack
	Lobby Furniture
	Trash Cans
	Model Furniture
	File Cabinets, chairs, bookcases
	Tables, Stools, Chairs, Umbrellas
	Tables

	
	Dining table & chairs
	Palm Trees
	Model Furniture
	Pool Deck Furniture
	Fiyness Room Mirrors
	File Cabinets, chairs, bookcases
	Interior Unit Signs
	 Planters
 3 Piece Outdoor Dining Set

3 Piece Outdoor Dining Set

  
 2 

 EXHIBIT B-2 

Encore Personal Property 
  

					
		  		  	 Office

		  	  2	  	Computer towers & accessories
		  	  4	  	Computer monitor
		  	  5	  	File cabinets
		  	  2	  	Storage towers
		  	  3	  	Phones
		  	  2	  	Office desk
		  	  4	  	Small storage organizers
	        	  	  5	  	Office chairs
		  	  1	  	Check scanner
			
		  		  	 Lobby

		  	  2	  	Shopping Carts
		  	  1	  	Dell computer
		  	  1	  	Computer chair
		  	  6	  	Brown clothe chairs
		  	  4	  	Brown smooth chairs
		  	33	  	Green bar stools
		  	  2	  	Cherry high top tables
		  	  5	  	White tables
		  	12	  	Green chairs
		  	  6	  	Coffee tables
		  	  8	  	Yellow ottomans
		  	  2	  	Grey sofas
		  	  3	  	White high top tables
		  	  1	  	Pool table
		  	  1	  	Shuffle board
		  	  2	  	TV
		  	10	  	Small side tables
		  	  4	  	Standing lamps
			
		  		  	Fitness center
		  	  3	  	Spin bikes
		  	  3	  	Elliptical
		  	  2	  	Stationary bike
		  	  3	  	Treadmill
		  	28	  	Dumbells
		  	  1	  	Stair climber
		  	  2	  	Bench

					
		 	  3	  	Exercise ball
		 	  1	  	Punching bag
		 	  3	  	Jump box
		 	  1	  	Squat rack
		 	15	  	Weight plates
		 	10	  	Kettle bells/medicine balls
		
		 	 North Courtyard

		 	  1	  	Grill
		 	  1	  	Fire pit
		 	  4	  	Fire pit chairs
		 	  2	  	Fire pit side tables
		 	  1	  	White loveseat
		 	  2	  	White chairs
		 	  1	  	Coffee table
		 	  3	  	Table
		 	12	  	Chairs
		 	  1	  	Hanging hammock
		 	11	  	Pillows and cushions
		 	  1	  	Trash can
		
		 	 Pool Courtyard

		 	11	  	L shaped lounge seats
		 	23	  	L shaped lounge cushions
		 	  2	  	Grills
		 	  5	  	Trash can
		 	12	  	Short lounges
	App. 30	 		  	Full lounges
	Apprx. 4	 		  	Orange water lounges
		 	16	  	Cabana cushions
		 	  2	  	Fire pit
		 	18	  	Long fire pit chairs
		 	16	  	Long fire pit chair cushions
		 	  4	  	Outdoor umbrellas
		 	  5	  	Tables
		 	20	  	Chairs
		 	  2	  	End tables
		 	  3	  	High top tables
		 	18	  	High top chairs
		 	  4	  	Look out balcony hanging hammocks
		 	  4	  	Look out balcony chair sets

  

  
 2 

 EXHIBIT C 

Intentionally Omitted 

 EXHIBIT D-1 

Cortona Rent Roll 
 [***]

 EXHIBIT D-2 

Encore Rent Roll 
 [***]

 EXHIBIT E 

List of Service Contracts 
 Cortona
Service Contracts: 
  

	 	1.	 Able Services 

	 	2.	 ApartmentList 

	 	3.	 Apartments.com 

	 	4.	 Aramark 

	 	5.	 Canva 

	 	6.	 Charter 

	 	7.	 Clean Uniform 

	 	8.	 Clix 

	 	9.	 DJM Ecological Services Inc. 

	 	10.	 Eco Fit 

	 	11.	 Gardawold 

	 	12.	 Go Daddy 

	 	13.	 Google PPC 

	 	14.	 Inspire WIFI 

	 	15.	 Jet Pack 

	 	16.	 KONE 

	 	17.	 Konica Minolta Premier 

	 	18.	 Konica Minolta Business 

	 	19.	 Media Temple 

	 	20.	 Sotel/Nuso 

	 	21.	 Package Concierge 

	 	22.	 Presto X Pest Control 

	 	23.	 Print With me 

	 	24.	 Rent Path 

	 	25.	 Republic Services and Waste Management. 

	 	26.	 Scrubby Dutchmen 

	 	27.	 Shred It 

	 	28.	 Simplex Grinnell / Johnson Controls 

	 	29.	 Westport Pools 

	 	30.	 Yelp 

Encore Service Contracts: 
  

	 	1.	 Able Services 

	 	2.	 Ambius 

	 	3.	 ApartmentList 

	 	4.	 Apartments.com 

	 	5.	 Aramark 

	 	6.	 Broadcast Music Inc 

	 	7.	 Canva 

	 	8.	 Charter 

	 	9.	 Clean Uniform 

	 	10.	 Clix 

	 	11.	 DJM Ecological Services Inc. 

	 	12.	 Eco Fit 

	 	13.	 Gardawold 

	 	14.	 Go Daddy 

	 	15.	 Google PPC 

	 	16.	 Jetpack 

	 	17.	 KONE 

	 	18.	 Konica Minolta Premier 

	 	19.	 Konica Minolta Business 

	 	20.	 Media Temple 

	 	21.	 Sotel/Nuso 

	 	22.	 Package Concierge 

	 	23.	 Presto X Pest Control 

	 	24.	 Print With me 

	 	25.	 Rent Path 

	 	26.	 Scrubby Dutchmen 

	 	27.	 Shred It 

	 	28.	 Simplex Grinnell / Johnson Controls 

	 	29.	 Waste Management 

	 	30.	 Westport Pools 

	 	31.	 Yelp 

	 	32.	 Zillow 

 EXHIBIT E-1 

List of Cortona Mandatory Contracts 

None. 

 EXHIBIT E-2 

List of Encore Mandatory Contracts 
  

	 	1.	 Contract with Holland Construction Services, Inc. to correct leaking balcony ceilings at no cost.

 EXHIBIT F 

Form of Owners Declaration 

OWNER’S DECLARATION 

WHEREAS, [___________] (the “Company”) is about to issue its title insurance policy or policies upon the parcels of real
estate located in Irvine, California (the “Property”), and more particularly described in its [Preliminary Report order number [___________]]; 

NOW THEREFORE, in consideration of the issuance of said title insurance policy or policies and other good and valuable consideration, the
undersigned declares, covenants and agrees as follows: 
  

	1.	 The undersigned is [________] (“Declarant”), the owner of the Property. 

 

	2.	 The only leases which affect the Property are set forth in Exhibit A. The Leases do not contain
any right of first refusal or option to purchase in favor of the lessees with respect to the Property. 

  

	3.	 To Declarant’s actual knowledge, during the period of [__ (__) months] immediately preceding the date of
this declaration there were no works of improvement authorized by Declarant performed on the Property except as set forth on Exhibit B. 

  

	4.	 That this declaration is made with the intention that the Company and its policy issuing agents will rely upon
it in issuing their title insurance policies and endorsements.1 

  

	5.	 If the Company agrees to issue its policies of title insurance “on a gap”, Declarant agrees to
promptly defend, remove, bond or otherwise dispose of any encumbrance or lien (together, “objection(s) to title”) which may arise or be filed as a direct or indirect result of the Declarant’s actions against the
above-referenced property during the period of time between January [__], 2021 and the date of recording of all closing instruments (such period, the “Indemnified Period”), and to hold harmless and indemnify Company against all
expenses, costs and reasonable attorneys’ fees which may arise out of its failure to remove, bond or otherwise dispose of any said objection(s) to title to the extent that such objection(s) to title are a direct or indirect result of actions
undertaken by the undersigned. Company agrees to record the closing instruments as soon as reasonably possible after January 27, 2021 (the “Closing”). This Section 5 shall survive for a period of six (6) months from
and after the Closing with respect to any claims that (i) Company has against the undersigned pursuant to the terms hereof, and (ii) arose or were filed during the Indemnified Period. 

 

	1 	 NTD: In the event the Declaration Estoppels contemplated in Section 3.3.7 of the Contract are not
delivered prior to Closing, the following Paragraph 6 shall be added hereto: “With respect to that certain Indenture of Covenants and Restrictions for the Highlands at Forest Park recorded on March 21, 2000 (as amended, the
“Declaration”), to Declarant’s actual knowledge as of the date hereof, there are no present material violations by Declarant of said covenants, conditions and restrictions that remain uncured.

 Whenever the phrase “to Declarant’s actual knowledge” or the “knowledge” of
Declarant or words of similar import are used, they shall be deemed to mean and are limited to the current actual knowledge 
 only of (and not the not
constructive or imputed knowledge of) Robert Coulman, without any duty on his part to inquire or investigate with respect to the subject matter of such representation or warranty. 

[Signature page follows.] 
 Dated:
_________, 2021. 
 Declarant: 
 [____________] 

  
 2 

 EXHIBIT G 

Form of Deed 
 [CONFORM
TO STATE REQUIREMENTS] 
  

	
	 Recorded at the Request of and When Recorded

Return to:

  

                          
                                         
  

                          
                                         
  

                          
                                         
  
 (Space Above for Recorder’s Use) 

SPECIAL WARRANTY DEED 

THIS DEED, dated the____ day of_______________, 2021, WITNESSETH that ______________________________________________, Grantor, whose
mailing address is ________________________________________ for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) AND OTHER VALUABLE CONSIDERATIONS does by these presents, BARGAIN AND SELL, Convey and Confirm unto
______________________________, whose mailing address is __________________________________________________, Grantee, his/her/their/its heirs, successors and assigns, the following described land situate in _________ County,
__________________, to wit: 
 SEE EXHIBIT “A” ATTACHED HERETO. 

Subject to easements, reservations, restrictions, and covenants, if any of record. 

TO HAVE AND TO HOLD the premises aforesaid, with all and singular rights, privileges, appurtenances and immunities thereto belonging or in anywise appearing
unto said Grantee, and unto his/her/their/ its heirs, successors and assigns forever; said Grantor hereby covenanting that the said premises are free and clear from any encumbrance done or suffered by it; and that it will warrant and defend the
title to said premises unto said Grantee and unto his/her/their heirs, successors and assigns forever, against the lawful claims and demands of all persons claiming under Grantor but none other. 

 IN WITNESS WHEREOF, said Grantor(s) has/have hereunto set his/her/their/its hand(s) this ____ day of
__________________, 2021. 
  

			
	GRANTOR:
	  

		
	By:	 	
                     

	Its:	 	  

 STATE OF ____________________ 

COUNTY OF __________________ 
 On this ______ day of
_______________ in the year _______________ before me, a Notary Public, in and for said state personally appeared, _____________________________, _____________________ of _________________________________, known to me to be the person(s) who
executed the instrument within and who duly acknowledged execution of the same on behalf of said _____________________________. In witness whereof, I hereunto set my hand and official seal. 

 

	
	  

	Notary Public

 My Commission Expires: _________________ 

  
 2 

 
			
	GRANTEE:
	  

		
	By:	 	
                     

	Its:	 	  

 STATE OF ____________________ 

COUNTY OF __________________ 
 On this ______ day of
_______________ in the year _______________ before me, a Notary Public, in and for said state personally appeared, _____________________________, _____________________ of _________________________________, known to me to be the person(s) who
executed the instrument within and who duly acknowledged execution of the same on behalf of said _____________________________. In witness whereof, I hereunto set my hand and official seal. 

 

	
	  

	Notary Public

 My Commission Expires: _________________ 

  
 3 

 EXHIBIT “A” 

Legal Description 

 EXHIBIT H 

ASSIGNMENT OF TENANT LEASES 

THIS ASSIGNMENT OF TENANT LEASES (this “Assignment”) is made as of _____________, 20____, by and between
_____________________ (“Assignor”), and __________________________________ (“Assignee”). 

EXPLANATORY STATEMENT 

A. Assignor is the owner of the property commonly known as ____________, located at ____________ (“Property”). 

B. Pursuant to a Contract of Sale (“Contract”) dated _____________, 20__ between Assignor and Assignee, Assignee has
contracted to purchase the Property from Assignor. 
 C. By Special Warranty Deed of even date herewith, Assignor has conveyed the Property
to Assignee. 
 D. Assignor is a party under the [INSERT APPLICABLE PROPERTY] Tenant Leases (as defined in the Contract), a list of which is
attached hereto as part hereof as Rider 1 in the form of the rent roll delivered by Assignor to Assignee at Closing (as defined in the Contract). 

E. Assignor desires to assign, transfer, sell, and convey unto Assignee, and to confirm the Assignment, transfer, sale, and conveyance, unto
Assignee of all of Assignor’s right, title, and interest in, to, and under the [INSERT APPLICABLE PROPERTY] Tenant Leases. 
 NOW,
THEREFORE, in consideration of the foregoing Explanatory Statement, the covenants and agreements set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows: 
 1. Explanatory Statement. The Explanatory Statement portion of this Assignment forms an integral part of this
Assignment and is hereby incorporated by reference. Initially capitalized terms used in this Assignment has the meaning ascribed to them in the Contract unless the context otherwise requires. 

2. Assignment of Tenant Leases. Assignor does hereby assign, transfer, sell, and convey unto Assignee and does hereby confirm the
Assignment, transfer, sale, and conveyance unto Assignee of all of Assignor’s right, title, and interest in, to, and under the [INSERT APPLICABLE PROPERTY] Tenant Leases. 

3. Assumption of Tenant Leases. By execution hereof, Assignee does hereby assume and agree to perform all duties,
obligations, and responsibilities of landlord under the [INSERT APPLICABLE PROPERTY] Tenant Leases accruing from and after the date hereof. 

4. Indemnification By Assignor. Assignor does hereby agree to defend, indemnify, and hold Assignee harmless from and against any
and all causes, claims, demands, losses, liabilities, costs, damages, expenses, and fees (including, but not limited to, reasonable attorneys’ fees) incurred or suffered by Assignee as a result of Assignor’s failure to perform any or all
of Assignor’s obligations as landlord under 

 
the [INSERT APPLICABLE PROPERTY] Tenant Leases accruing prior to the date of this Assignment; provided that, the parties acknowledge and agree that the foregoing indemnification shall be subject
to the Survival Period as defined and set forth in Section 7.2.2 of the Contract and the limitations on liability set forth in Section 7.2.4 of the Contract. 

5. Indemnification By Assignee. Assignee does hereby agree to defend, indemnify, and hold Assignor harmless from and against any
and all causes, claims, demands, losses, liabilities, costs, damages, expenses, and fees (including, but not limited to, reasonable attorneys’ fees) incurred or suffered by Assignor as a result of Assignee’s failure to perform any or all
of Assignee’s obligations as landlord under the [INSERT APPLICABLE PROPERTY] Tenant Leases accruing from and after the date hereof. 

6. Binding Effect. This Assignment shall be binding on and inure to the benefit of the parties hereto, and their
respective successors and assigns. 
 7. Governing Law. This Assignment shall be construed, interpreted and enforced in
accordance with Missouri law, without regard to principles of conflict of laws. 
 8. Rules of Construction. The following
rules shall apply to the construction and interpretation of this Assignment: (a) singular words shall connote the plural number as well as the singular and vice versa, and the masculine shall include the feminine and the neuter, (b) all
references in this Assignment to particular sections are references to sections of this Assignment, (c) the headings contained in this Assignment are solely for convenience of reference and shall not constitute a part of this Assignment nor
shall they affect its meaning, construction, or effect, and (d) each party and its counsel have reviewed and revised (or requested revisions of) this Assignment, and therefore any usual rules of construction requiring that ambiguities are to be
resolved against a particular party shall not be applicable in the construction and interpretation of this Assignment or any exhibits hereto or amendments hereof. 

9. Counterparts. This Assignment may be executed in any number of counterparts, each of which shall be deemed to be an original
and all of which shall constitute one and the same agreement. 
 10. No Partnership. Nothing in this Assignment shall be
deemed in any way to create between the parties hereto any relationship of partnership, joint venture, or association, and the parties hereto hereby disclaim the existence of any such relationship. 

11. Severability. If any provision of this Assignment, or the application thereof to any person or circumstances, shall, for any
reason and to any extent, be or become invalid or unenforceable, the remainder of this Assignment and the application of such provision to other persons or circumstances shall not be affected thereby, but rather shall be enforced to the greatest
extent possible. 
 12. No Amendment. Nothing in this Assignment modifies or affects, or is intended to modify or affect, any
provision of the Contract. 
 13. Attorneys’ Fees. Should either party employ an attorney or attorneys to enforce any of
the provisions hereof or to protect its interest in any manner arising under this Assignment, or to recover damages for breach of this Assignment, the non-prevailing party in any action pursued in a court of
competent jurisdiction (the finality of which is not legally contested) agrees to pay to the prevailing party all reasonable costs, damages and expenses, including attorney’s fees, expended or incurred in connection therewith, both at trial and
on appeal or petition for review. 

  
 2 

 14. JURY TRIAL WAIVER. THE PARTIES HEREBY KNOWINGLY AND VOLUNTARILY, AND
IRREVOCABLY WAIVE THEIR RIGHT TO A TRIAL BY JURY AND AGREE THAT ANY CLAIM, COUNTERCLAIM OR OTHER DISPUTE HEREUNDER SHALL BE DECIDED SOLELY BY A JUDGE (WITHOUT THE USE OF A JURY) SITTING IN A COURT OF COMPETENT JURISDICTION. THIS JURY TRIAL WAIVER
PROVISION SHALL SURVIVE THE CLOSING AND THE TERMINATION OF THIS ASSIGNMENT. 
 IN WITNESS WHEREOF, the parties hereto have duly
executed this Assignment as of the day and year first above written. 
  

			
	ASSIGNOR:
	  

		
	By:	 	
                     

	Name:	 	  

	Title:	 	  

	
	ASSIGNEE:
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 3 

 RIDER 1 TO EXHIBIT H 

Tenant Leases 
 (Rent
Roll) 

 EXHIBIT I 

ASSIGNMENT OF SURVIVING SERVICE 

CONTRACTS AND OTHER INTERESTS 

THIS ASSIGNMENT OF SURVIVING SERVICE CONTRACTS AND OTHER INTERESTS (this “Assignment”) is made as of
_______________, 20__, by and between _____________________________ (“Assignor”), and _______________________ (“Assignee”). 

EXPLANATORY STATEMENT 

A. Assignor is the owner of the property commonly known as ____________, located at ____________ (“Property”). 

B. Pursuant to a Contract of Sale (“Contract”) dated ___________, 20____ between Assignor and Assignee, Assignee has
contracted to purchase the Property from Assignor. 
 C. By Special Warranty Deed of even date herewith, Assignor has conveyed the Property
to Assignee. 
 D. Assignor is a party under the [INSERT APPLICABLE PROPERTY] Surviving Service Contracts, a list of which [INSERT APPLICABLE
PROPERTY] Surviving Service Contracts is attached hereto as part hereof as Rider 1. 
 E.
Assignor desires to assign, transfer, sell, and convey unto Assignee, and to confirm the Assignment, transfer, sale, and conveyance, unto Assignee of all of Assignor’s right, title, and interest in, to, and under the [INSERT APPLICABLE
PROPERTY] Surviving Service Contracts and the [INSERT APPLICABLE PROPERTY] Other Interests, but only to the extent the [INSERT APPLICABLE PROPERTY] Surviving Service Contracts and the [INSERT APPLICABLE PROPERTY] Other Interests are assignable. 

NOW, THEREFORE, in consideration of the foregoing Explanatory Statement, the covenants and agreements set forth below and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1.
Explanatory Statement. The Explanatory Statement portion of this Assignment forms an integral part of this Assignment and is hereby incorporated by reference. Initially capitalized terms used in this Assignment has the meaning ascribed
to them in the Contract unless the context otherwise requires. 
 2. Assignment. Assignor does hereby assign, transfer,
sell, and convey unto Assignee and does hereby confirm the Assignment, transfer, sale, and conveyance unto Assignee of all of Assignor’s right, title, and interest in, to, and under the [INSERT APPLICABLE PROPERTY] Surviving Service Contracts
and the [INSERT APPLICABLE PROPERTY] Other Interests, but only to the extent that the [INSERT APPLICABLE PROPERTY] Surviving Service Contracts and the [INSERT APPLICABLE PROPERTY] Other Interests are assignable. Assignor, however, does not assign,
and shall not be deemed to have assigned, any right, title, and interest it may have in and to any insurance policies relating to Assignor or the Property, or both. 

 3. Assumption. By execution hereof, Assignee does hereby assume and
agree to perform all duties, obligations, and responsibilities of Assignor under the [INSERT APPLICABLE PROPERTY] Surviving Service Contracts and the [INSERT APPLICABLE PROPERTY] Other Interests accruing from and after the date of this Assignment.

 4. Indemnification By Assignee. Assignee does hereby agree to defend, indemnify, and hold Assignor harmless from and against
any and all causes, claims, demands, losses, liabilities, costs, damages, expenses, and fees (including, but not limited to, reasonable attorneys’ fees) incurred or suffered by Assignor as a result of Assignee’s failure to perform any or
all of Assignee’s obligations under the [INSERT APPLICABLE PROPERTY] Surviving Service Contracts and the [INSERT APPLICABLE PROPERTY] Other Interests accruing from and after the date of this Assignment. 

5. Indemnification By Assignor. Assignor does hereby agree to defend, indemnify, and hold Assignee harmless from and against any
and all causes, claims, demands, losses, liabilities, costs, damages, expenses, and fees (including, but not limited to, reasonable attorneys’ fees) incurred or suffered by Assignee as a result of Assignor’s failure to perform any or all
of Assignee’s obligations under the [INSERT APPLICABLE PROPERTY] Surviving Service Contracts and the [INSERT APPLICABLE PROPERTY] Other Interests accruing prior to the date of this Assignment; provided that, the parties acknowledge and agree
that the foregoing indemnification shall be subject to the Survival Period as defined and set forth in Section 7.2.2 of the Contract and the limitations on liability set forth in Section 7.2.4 of
the Contract. 
 6. Binding Effect. This Assignment shall be binding on and inure to the benefit of the parties hereto,
and their respective successors and assigns. 
 7. Governing Law. This Assignment shall be construed, interpreted and
enforced in accordance with Missouri law, without regard to principles of conflict of laws. 
 8. Rules of Construction.
The following rules shall apply to the construction and interpretation of this Assignment: (a) singular words shall connote the plural number as well as the singular and vice versa, and the masculine shall include the feminine and the neuter,
(b) all references in this Assignment to particular sections are references to sections of this Assignment, (c) the headings contained in this Assignment are solely for convenience of reference and shall not constitute a part of this
Assignment nor shall they affect its meaning, construction, or effect, and (d) each party and its counsel have reviewed and revised (or requested revisions of) this Assignment, and therefore any usual rules of construction requiring that
ambiguities are to be resolved against a particular party shall not be applicable in the construction and interpretation of this Assignment or any exhibits hereto or amendments hereof. 

9. Counterparts. This Assignment may be executed in any number of counterparts, each of which shall be deemed to be an original
and all of which shall constitute one and the same agreement. 
 10. No Partnership. Nothing in this Assignment shall be deemed
in any way to create between the parties hereto any relationship of partnership, joint venture, or association, and the parties hereto hereby disclaim the existence of any such relationship. 

11. Severability. If any provision of this Assignment, or the application thereof to any person or circumstances, shall,
for any reason and to any extent, be or become invalid or unenforceable, the remainder of this Assignment and the application of such provision to other persons or circumstances shall not be affected thereby, but rather shall be enforced to the
greatest extent possible. 

  
 2 

 12. Release. Nothing in this Assignment modifies or affects, or is intended to
modify or affect, any provision of the Contract. 
 13. Attorneys’ Fees. Should either party employ an attorney or
attorneys to enforce any of the provisions hereof or to protect its interest in any manner arising under this Assignment, or to recover damages for breach of this Assignment, the non-prevailing party in any
action pursued in a court of competent jurisdiction (the finality of which is not legally contested) agrees to pay to the prevailing party all reasonable costs, damages and expenses, including attorney’s fees, expended or incurred in connection
therewith, both at trial and on appeal or petition for review. 
 14. JURY TRIAL WAIVER. THE PARTIES HEREBY KNOWINGLY AND
VOLUNTARILY, AND IRREVOCABLY WAIVE THEIR RIGHT TO A TRIAL BY JURY AND AGREE THAT ANY CLAIM, COUNTERCLAIM OR OTHER DISPUTE HEREUNDER SHALL BE DECIDED SOLELY BY A JUDGE (WITHOUT THE USE OF A JURY) SITTING IN A COURT OF COMPETENT JURISDICTION. THIS
JURY TRIAL WAIVER PROVISION SHALL SURVIVE THE CLOSING AND THE TERMINATION OF THIS ASSIGNMENT. 
 IN WITNESS WHEREOF, the parties
hereto have duly executed this Assignment as of the day and year first above written. 
  

			
	ASSIGNOR:
	  

		
	By:	 	
                     

	Name:	 	  

	Title:	 	  

	
	ASSIGNEE:
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 3 

 RIDER 1 TO EXHIBIT I 

List Of Surviving Service Contracts 

 EXHIBIT J 

Form of Bill of Sale 
 This
BILL OF SALE (this “Bill of Sale”) is made and entered into as of the ____ day of ________, 20__, by and between ______________________________________________ (“Seller”), in favor of
______________________________________________ (“Buyer”). 
 AGREEMENTS 

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows:

 1. Seller hereby sells, transfers, assigns, and conveys to Buyer all [INSERT APPLICABLE PROPERTY] Personal Property owned by Seller, if
any, and used for the occupation or operation of all or any part of the [INSERT APPLICABLE PROPERTY] Land or the [INSERT APPLICABLE PROPERTY] Improvements or both, together with (to the extent not constituting a portion of the [INSERT APPLICABLE
PROPERTY] Land and [INSERT APPLICABLE PROPERTY] Improvements) all fixtures, furniture, furnishings, carpeting, draperies, fittings, equipment, machinery, apparatus, building materials, appliances and articles, including, but not limited to, all
elevators, escalators, boilers, furnaces, heating, ventilating and air-conditioning systems, office furnishings and equipment, building drawings, plans and specifications, building materials and wall
partitions, sprinkler and well systems, sewerage systems, electrical equipment, fire prevention and extinguishing apparatus, engineering, maintenance and housekeeping supplies and materials, mowers and edgers and other lawn maintenance equipment and
supplies, and other supplies of all kinds used for the maintenance and operation of the [INSERT APPLICABLE PROPERTY] Property and located on the [INSERT APPLICABLE PROPERTY] Land (collectively, the “Conveyed Property”). 

2. Except as set forth in this Bill of Sale or in that certain Contract of Sale by and between Seller, as Seller, and Buyer, as purchaser,
dated January 12, 2021, (the “Contract”), the Conveyed Property is conveyed by Seller and accepted by Buyer AS IS, WHERE IS, AND WITHOUT ANY WARRANTIES OF WHATSOEVER NATURE, EXPRESS, IMPLIED, OR STATUTORY, IT
BEING THE INTENTION OF SELLER AND BUYER EXPRESSLY TO NEGATE AND EXCLUDE ALL WARRANTIES, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE, WARRANTIES CREATED BY ANY AFFIRMATION OF FACT OR
PROMISE OR BY ANY DESCRIPTION OF THE PROPERTY CONVEYED HEREUNDER, OR BY ANY SAMPLE OR MODEL THEREOF, AND ALL OTHER WARRANTIES WHATSOEVER CONTAINED IN OR CREATED BY THE UNIFORM COMMERCIAL CODE OR ANY OTHER LAW. Except to the extent
that the Conveyed Property may have been assigned for collateral purposes, if at all, which collateral assignment shall be or has been released at Closing as set forth in the Contract, the Conveyed Property has not been assigned to any other person
and is free and clear of all Liens. 
 3. All capitalized terms used but not defined herein have the meanings ascribed to them in the
Contract. 
 IN WITNESS WHEREOF, this Bill of Sale is executed on the dates set forth below to be effective as of the date first above
written. 

 
			
	SELLER:	 	
	
	  

		
	By:	 	
                

	Name:	 	  

	Title:	 	  

  
 2 

 EXHIBIT K 

CERTIFICATE OF NON-FOREIGN STATUS 

(Pursuant to I.R.C. § 1445 and Treas. Reg. § 1.1445-2) 

Section 1445 of the Internal Revenue Code of 1986, as amended (the “Code”) provides that a transferee of a U.S. real
property interest (“USRPI”) must withhold tax if the transferor is a foreign person. For U.S. tax purposes (including Section 1445 of the Code), the owner of a disregarded entity (which has legal title to a USRPI under local
law) will be the transferor of the property and not the disregarded entity. To inform the transferee that withholding of tax is not required upon the disposition of a USRPI by AFL-CIO BUILDING INVESTMENT
TRUST (the “Transferor”), the undersigned hereby certifies the following: 
 1. __________________________, a
Delaware limited liability company (“Grantor”) is a “disregarded entity” as defined in Section 1.1445-2(b)(2)(iii) of the Income Tax Regulations issued under the Revenue Code
and is wholly owned by Transferor; 
 2. Transferor is neither (A) a “foreign person” within the meaning of Sections 1445 and
7701 of the Revenue Code nor (B) a “disregarded entity” as defined in Section 1.1445-2(b)(2)(iii) of the Income Tax Regulations issued under the Revenue Code. Transferor understands that
this certification may be disclosed to the Internal Revenue Service by Grantee and that any false statement contained herein could be punished by fine, imprisonment, or both; 

3. Transferor’s U.S. employer identification number is 52-6328901; and 

4. Transferor’s office address is as follows: 

AFL-CIO Building Investment Trust 

c/o PNC Bank National Association Trustee 

One East Pratt Street, Fifth Floor East C3-C411-5C 

Baltimore, MD 21202 
 Attention:
BIT Notice Recipient 
 Transferor understands that this certification may be disclosed to the Internal Revenue Service by the transferee
and that any false statement contained herein could be punished by fine, imprisonment, or both. 
 Under penalties of perjury I declare that
I have examined this certification and, to the best of my knowledge and belief, it is true, correct and complete, and I further declare that I have authority to sign this document on behalf of Transferor. 

[Signature Next Page] 

 
			
	AFL-CIO BUILDING INVESTMENT TRUST
		
	By:	 	PNC Bank, National Association, its trustee
		
	By:	 	  

	Name:	 	  

	Its:	 	  

 DATED: ____________, 20__ 

  
 2 

 EXHIBIT L 

CONVERSION AND SALE RESTRICTIVE COVENANT 
  

	
	Recorded at the Request of and When Recorded
	Return to:

  

	
	  

	  

	  

 CONVERSION AND SALE RESTRICTIVE COVENANT 

THIS CONVERSION AND SALE RESTRICTIVE COVENANT (this “Restrictive Covenant”) is dated this ____ day of ____________, 20__ (the
“Effective Date”) and is by and between ____________________, a ____________________ (“Seller”), and ____________________, a ____________________ (“Buyer”). 

RECITALS 
 WHEREAS, Seller conveyed
to Buyer the following, all of which is collectively referred to herein as the “Property”: (i) that certain real property more particularly described on Exhibit “A” attached hereto and incorporated herein by
reference (the “Real Property”), which was conveyed to Buyer pursuant to that certain Special Warranty Deed dated as of even date herewith and recorded in the Official Records of ____________ County, ____________ (the
“Official Records”) immediately preceding the recordation of this Restrictive Covenant; and (ii) the improvements located on the Real Property (the “Improvements”). 

WHEREAS, Buyer’s agreement to restrict the use of the Property as set forth in this Restrictive Covenant is a material part of the
bargained for consideration in connection with Seller’s conveyance of the Property to Buyer and but for Buyer’s agreement to restrict, and cause to be restricted, the use of the Property as set forth in this Restrictive Covenant, Seller
would not have conveyed the Property to Buyer. 
 WHEREAS, the parties hereto desire to restrict the use of the Property on and
subject to the terms and conditions set forth in this Restrictive Covenant and to provide notice to all persons of the restrictions set forth in this Restrictive Covenant. 

NOW, THEREFORE, for the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree as follows: 
 1. Seller hereby discloses and informs Buyer and all subsequent owners of the
Improvements, or any portion thereof, that the standards of construction and suitability of the Improvements for use as condominiums under a horizontal property regime, housing cooperative or other form of separate ownership as to the individual
apartment units located on the Real Property, was not taken into consideration in the development, design and/or construction of the Improvements. Due consideration for any possible higher standards of construction and/or suitability of the
apartment units for use as condominiums, or the subsequent conversion in any manner from multi-family apartment living to residential use as a condominium, housing cooperative or other horizontal property regime or form of separate ownership, shall
not be deemed expressed or implied in any manner by Seller or its developers, 

 
contractors, consultants, engineers and/or architects who designed and constructed the Improvements, including but not limited to, the apartment units and other amenities located on the Real
Property and said parties have made no warranty, promise, representation, covenant or guarantee of any kind or character whatsoever, either express or implied, oral or written concerning the suitability, manner or standard of construction or
appropriateness of the Improvements for utilization in said manner. 
 2. Buyer agrees that it shall be restricted from, and shall not permit
or acquiesce in, the conversion, use, sale or advertisement of all or any portion of the Improvements as (i) a condominium or any other form of separate ownership as to the individual units within the Improvements or of any document providing
for the conversion of the Property to a form of condominium ownership under any state or local statute or ordinance or (ii) a cooperative housing corporation, community apartment property or stock corporation. For the avoidance of doubt,
“conversion” shall mean the filing or recording of any document providing for the conversion of the Property to a form of condominium ownership under any state or local statute or ordinance. Buyer hereby covenants to include a reference to
the requirements and restrictions contained in this Restrictive Covenant in any documents transferring any interest in the Property to another person to the end that such transferee has notice of, and is bound by, the requirements and restrictions
hereof. This Restrictive Covenant will run with ownership of the Improvements and will bind all current and successive owners of the Improvements or any portion thereof or any person having any interest in the Improvements, and will burden the
Improvements and all portions of the Improvements. 
 3. Buyer acknowledges and agrees that in the event of a breach or threat of a breach of
this Restrictive Covenant, the Indemnified Parties’ (as defined below) remedies at law will be inadequate and, in any such event, the Indemnified Parties will be entitled to an injunction to prevent any breach or threatened breach of this
Restrictive Covenant in addition to all other available legal and equitable rights and remedies. 
 4. In the event any of the provisions of
Section 2 hereof are breached, the then current fee owner of the Real Property (“Indemnitor”), shall indemnify, defend and hold harmless the Seller and its successors and assigns, and their respective members,
shareholders, officers, directors, trustees, current and former affiliates, contractors, parents, subsidiaries, shareholders, managers, beneficiaries, employees and agents, including but not limited to PNC Realty Investors, Inc., PNC Bank, N.A., and
the AFL-CIO Building Investment Trust (collectively, the “Indemnified Parties”) from any and all demands, claims, including claims for personal injury, property damage or death, legal or
administrative proceedings, losses, liabilities, damages, penalties, fines, liens, judgments, costs or expenses whatsoever, whether in tort, contract or otherwise (including, without limitation, court costs and attorneys’ fees and
disbursements) arising out of, or in any way relating to any breach by Buyer of the provisions of Section 2. Indemnitor shall at all times consent to the right of Indemnified Parties to approve and appoint defense counsel
and to participate in or assume the defense of any claim, at Indemnitor’s sole cost. 
 5. The Indemnified Parties will be entitled to
recover all of their respective costs and expenses, including attorney’s fees, expended in the enforcement of this Restrictive Covenant and the other terms of this Restrictive Covenant, irrespective of whether or not litigation is actually
commenced. 
 6. Buyer and Seller hereby subject the Property to the covenants, reservations and restrictions set forth in this Restrictive
Covenant and hereby declare their express intent that the covenants, reservations and restrictions set forth herein shall be deemed covenants running with the land and shall pass to and be binding upon the Buyer’s successors in title to the
Property. So long as no claim is made under Sections 3, 4 or 5 and is then outstanding, this Restrictive Covenant automatically shall terminate and be of no further force or effect on [____________, 20__] [NTD: To insert Date
which is ten (10) years from date of CO for Cortona and Encore, as applicable.] 

  
 2 

 7. If this Restrictive Covenant or its application to any particular circumstances is ever
determined by any court of competent jurisdiction to be less than fully enforceable, then the terms of this Restrictive Covenant shall be automatically deemed to be modified to the minimum extent necessary to make this Restrictive Covenant or its
application to the particular circumstances at issue fully enforceable. No waiver or modification of this Restrictive Covenant shall be valid or enforceable unless the waiver or modification is set forth in a written instrument that is properly
executed and acknowledged by Seller on behalf of the Indemnified Parties and properly recorded in the Official Records of ____________ County, ____________. 

8. Time is of the essence of this Restrictive Covenant. 

9. This Restrictive Covenant will inure to the benefit of and be enforceable by Seller and the other Indemnified Parties. 

10. Buyer acknowledges and represents to Seller that it has been represented by legal counsel in the drafting and review of this Restrictive
Covenant and that this Restrictive Covenant is reasonable. 
 11. Notwithstanding anything contained in this Restrictive Covenant to the
contrary, recourse under this Restrictive Covenant shall only be against the then current fee owner of the Real Property at the time of a breach hereof. Neither Buyer, nor any
successor-in-interest to Buyer, shall have any liability or further responsibility whatsoever under this Restrictive Covenant nor be held liable or responsible in any
way hereunder for any breach of this Restrictive Covenant first occurring by any subsequent fee owner of the Real Property. 
 12. This
Restrictive Covenant may be executed and delivered in any number of identical counterparts, each of which so executed and delivered shall be deemed to be an original and all of which shall constitute one and the same instrument. 

[Signatures appear on the following page.] 

  
 3 

 IN WITNESS WHEREOF, the undersigned hereby duly execute and deliver this Restrictive
Covenant as of the Effective Date. 
  

			
	SELLER:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

							
	State of	  	)	  		  	
		  	)	  	to wit:	  	
	County of	  	)	  		  	

 This instrument was acknowledged before me on ____________, 20__, by ____________________, as ____________________ of
____________________. 
 Given under my hand and seal this ____ day of ________________, 20__. 

                       
                                 _____________________ 

My Commission Expires 

  
 4 

 IN WITNESS WHEREOF, the undersigned hereby duly execute and deliver this Restrictive
Covenant as of the Effective Date. 
  

			
	BUYER:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
	State of	  	)	  	
		  	)	  	to wit:
	County of	  	)	  	

 This instrument was acknowledged before me on ____________, 20__, by ____________________, as ____________________ of
____________________. 
 Given under my hand and seal this ____ day of ________________, 20__. 

                          
                                         
         ________________________ 

                       
                             My Commission Expires 

  
 5 

 Exhibit A 

Legal Description of the Real Property 

  
 6 

 EXHIBIT M 

FORM OF DECLARATION ESTOPPEL 

ESTOPPEL CERTIFICATE 
 Invesco Advisers,
Inc. 
 2001 Ross Avenue, Suite 3400 
 Dallas, Texas 75201 

 

	 	Re:	 [DESCRIPTION OF PROPERTY], as legally described on Exhibit A attached hereto (the
“Property”), and that certain Indenture of Covenants and Restrictions for The Highlands at Forest Park City of St. Louis, Missouri recorded March 21, 2000 in Book 1624, Page 1970 of the City of St. Louis, Missouri
Recorder of Deeds, as affected by that certain Clarification of Indenture of Covenants and Restrictions for The Highlands at Forest Park City of St. Louis, Missouri recorded December 29, 2000 in Book 1671, Page 4535 of the City of St. Louis,
Missouri Recorder of Deeds, as affected by that certain Assignment of Developer Rights recorded October 6, 2004 in Book 10062004, Page 231 of the City of St. Louis, Missouri Recorder of Deeds, as amended by that certain First Amendment to
Indenture of Covenants and Restrictions for The Highlands at Forest Park, City of St. Louis, Missouri recorded October 6, 2004 in Book 10062004, Page 232 of the City of St. Louis, Missouri Recorder of Deeds, as amended by that certain Second
Amendment to Indenture of Covenants and Restrictions for The Highlands at Forest Park, City of St. Louis, Missouri recorded August 29, 2007 in Book 8292007, Page 206 of the City of St. Louis, Missouri Recorder of Deeds, and as affected by that
certain Partial Assignment of Developer Rights recorded May 22, 2009 in Book 5222009, Page 141 of the City of St. Louis, Missouri Recorder of Deeds (collectively, the “Indenture”). 

The undersigned, the Association under the referenced Indenture, hereby certifies and confirms to and agrees with Invesco Advisers, Inc., a Delaware
corporation, and its successors and assigns (collectively, “Buyer”), and any lender of Buyer and/or Buyer’s successors and/or assigns and such lender’s successors and/or assigns (collectively,
“Lenders”), as follows: 
 1. The Indenture is in full force and effect as of the date hereof and has not been
modified, supplemented, or amended in any way. The current address for notices to the undersigned under the Indenture is: 
  

			
	  
	 	
	  
	 	
	  
	 	
	  
	 	

 2. There exists no default under, violation of, or failure to comply with the Indenture by the owner of
the Property and no event has occurred that, with the giving of notice or the lapse of time, or both, would constitute a default under, violation of, or failure to comply with the Indenture by the owner of the Property. 

3. All sums due under the Indenture, if any, have been paid in full to and including the date hereof. 

 4. The Property and all improvements thereon are in compliance with the Indenture and there
is no violation under the Indenture with respect to the Property. 
 5. The undersigned does not have the right to approve purchasers of
property within the Association, and neither the undersigned, nor any other property owners, have a right of first refusal to lease and/or purchase the Property. 

6. As of the date hereof, the Board of Directors has not voted to approve an additional operating assessment or a specific assessment to be
paid by the owners of Lots governed by the Association except as follows (if left blank, then deemed “None.”): _______________________________________ 

______________________________________________________________________________________________________________. 

7. As of the date hereof, (i) the annual operating assessments due for the Property is $__________________________, (ii) the additional
operating assessments due for the Property is $__________________________, and (iii) the specific assessments due for the Property is $__________________________. Assessments have been paid through _______________________. 

8. The person signing this letter on behalf of undersigned is duly authorized to execute and deliver this certificate for and on behalf of
undersigned. 
 The truth and accuracy of the certifications contained herein may be relied upon by Buyer, Commonwealth Land Title Insurance
Company and Lenders, their successors, assigns and transferees (collectively, the “Reliance Parties”) and said certifications shall be binding upon the undersigned and its successors and assigns and inure to the benefit of
the Reliance Parties. 
 [Signature page follows.] 

 [Signature Page to Estoppel Certificate] 

 

			
	ASSOCIATION:
	
	THE HIGHLANDS AT FOREST PARK OWNERS ASSOCIATION, INC.,
a Missouri nonprofit corporation
		
	By:	 	
                 

	Name:	 	
                 

	Title:	 	
                 

 EXHIBIT A 

LEGAL DESCRIPTION OF PROPERTY 

 SCHEDULE 1 

Buyer Approvals 
 None.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}]]