Document:

Exhibit 10.1

 

Execution Version

 

Amendment
No. 1 to

AMENDED AND RESTATED SHAREHOLDERS’
AGREEMENT

 

This Amendment
No. 1 (this “Amendment”) to the AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT, dated as of January
24, 2013 (the “Shareholders’ Agreement”), by and among NORWEGIAN CRUISE LINE HOLDINGS, LTD., a company
organized under the laws of Bermuda (the “Company”), GENTING HONG KONG LIMITED (f/k/a STAR CRUISES LIMITED),
a company continued into Bermuda (“Genting”), STAR NCLC HOLDINGS LTD., a company organized under the laws of
Bermuda (“Star Holdings”, and together with Genting, “GHK”), AAA
Guarantor Co-Invest VI (B), L.P., AIF VI NCL (AIV), L.P., AIF VI NCL (AIV II), L.P., AIF VI NCL (AIV III), L.P., AIF VI NCL (AIV
IV), L.P., Apollo Overseas Partners (Delaware) VI, L.P., Apollo Overseas Partners (Delaware 892) VI, L.P., Apollo Overseas Partners
VI, L.P. and Apollo Overseas Partners (Germany) VI, L.P. (each, an “Existing
Apollo Entity”, and collectively, the “Existing Apollo Entities”), TPG Viking, L.P., TPG Viking AIV
I, L.P., TPG Viking AIV II, L.P. and TPG Viking AIV III, L.P. (each, a “TPG Entity”, and collectively, the “TPG
Entities” or “TPG”), and the other Shareholders of the Company from time to time party thereto, is
made as of November 19, 2014, by and among the Company, GHK, the Existing Apollo Entities, TPG and AIF
VI Euro Holdings, L.P., AAA Guarantor - Co-Invest VII, L.P., AIF VII Euro Holdings, L.P., Apollo Alternative Assets, L.P., Apollo
Management VI, L.P. and Apollo Management VII, L.P. (each, a “Joining Apollo Entity”, and collectively,
the “Joining Apollo Entities” and, together with the Existing Apollo Entities, the “Apollo Entities”
or “Apollo”) (with the Company, Genting, Star Holdings, the Apollo Entities and the TPG Entities sometimes referred
to individually as a “Party” and collectively as the “Parties”). Capitalized terms used but
not defined herein shall have the meanings ascribed to such terms in the Shareholders’ Agreement.

 

WHEREAS, reference is
made to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of September 2, 2014 by
and among the Company, Portland Merger Sub, Inc. (“Merger Sub”), Prestige Cruises International, Inc. (“Prestige”)
and Apollo Management, L.P. in its capacity as sellers’ representative;

 

WHEREAS, pursuant to
the Merger Agreement, Merger Sub was merged with and into Prestige (the “Merger”) and the separate corporate
existence of Merger Sub ceased and Prestige continued its corporate existence under the laws of the Republic of Panama as the surviving
corporation;

 

WHEREAS, upon the consummation
of the Merger, the Joining Apollo Entities received Ordinary Shares as a portion of the consideration for the Merger;

 

WHEREAS, the Joining
Apollo Entities have each executed a joinder to the Shareholders’ Agreement in the form of Exhibit A attached hereto;

 

    	 

    	 	 

    

 

WHEREAS, the Parties
wish to amend the Shareholders’ Agreement as set forth herein; and

 

WHEREAS, Section 11(g)
of the Shareholders’ Agreement provides that the Shareholders’ Agreement may be amended by an instrument in writing
signed by the Company, the Existing Apollo Entities, GHK and TPG.

 

NOW, THEREFORE, the Shareholders’
Agreement is hereby amended as follows:

 

1.          Lock-Up.   Section 11 of the Shareholders’ Agreement is hereby amended by adding the following subsection (w) at the end thereof:

 

“(w) Lock-Up.   From the date hereof until January 1, 2016, Apollo will maintain ownership of a number of Ordinary Shares at least equal to the
number of Ordinary Shares obtained by Apollo pursuant to the Merger Agreement (giving effect to equitable adjustments for splits,
combinations, recapitalizations and similar transactions) (such minimum number of Ordinary Shares, the “Base Amount”)
and agrees not to sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise
dispose of or agree to dispose of, directly or indirectly, Ordinary Shares that would reduce its holdings below the Base Amount
or otherwise enter into any arrangement or transaction that will have an economic effect of transferring the ownership of Ordinary
Shares so that Apollo’s holdings are reduced below the Base Amount, whether any such arrangement or transaction is to be
settled physically, in cash or otherwise; provided that, notwithstanding anything to the contrary set forth in this Section
11(w), the foregoing shall not restrict (i) any Transfer of Ordinary Shares to a Permitted Transferee of Apollo (provided that
the holdings of such Permitted Transferee shall be subject to the same restriction as stated in this Section 11(w) considered in
the aggregate together with Apollo) or (ii) any Transfer of Ordinary Shares with the written consent of GHK.”

 

2.          Amendment to
Section 6(e)(i).   Section 6(e)(i) of the Shareholders’ Agreement is hereby amended and restated in its entirety as follows:

 

“(i) Subject to
the terms of Section 6(e)(ii)-(v), the provisions of this Section 6 shall apply, mutatis mutandis, to any committee
of the Board and to the board of directors and any committee of the board of directors of each Subsidiary of the Company; provided
that such provisions and the Apollo Board Rights shall not apply to Prestige Cruises International, Inc. or any of its Subsidiaries
or the board of directors or any committee of the board of directors thereof.”

 

3.          Apollo
Entities.   All references in the Shareholders’ Agreement to Apollo and Apollo Entities shall be deemed to apply to the
Existing Apollo Entities and the Joining Apollo Entities.

 

    	2

    	 	 

    

 

4.          Ratification
of the Shareholders’ Agreement.   Except as otherwise expressly provided herein, all of the terms and conditions of the
Shareholders’ Agreement are ratified and shall remain unchanged and continue in full force and effect.

 

5.          Governing Law.   EXCEPT AS SET FORTH BELOW, THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE
OF NEW YORK EXCLUDING THE CONFLICT OF LAW RULES OR PRINCIPLES THAT COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION
OTHER THAN THE STATE OF NEW YORK. ALL MATTERS WHICH ARE THE SUBJECT OF THIS AMENDMENT RELATING TO MATTERS OF INTERNAL GOVERNANCE
OF THE COMPANY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF BERMUDA, WITHOUT GIVING EFFECT TO ANY LAW OR RULE
THAT COULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN BERMUDA TO BE APPLIED.

 

6.          Counterparts.   This Amendment may be executed in counterparts, each of which shall constitute an original and all of which, when taken together,
shall constitute one and the same agreement.

 

[Remainder of Page
Intentionally Left Blank]

 

    	3

    	 	 

    

 

IN WITNESS WHEREOF, this Amendment has been
executed as of the date first above written.

 

	 	AAA Guarantor Co-Invest VI (B), L.P.
	 	 	 
	 	By:	AAA MIP LIMITED,
	 	 	its general partner
	 	 	 
	 	By:	APOLLO ALTERNATIVE ASSETS, L.P.,
	 	 	its service provider
	 	 	 
	 	By:	APOLLO INTERNATIONAL MANAGEMENT, L.P.,
	 	 	its managing general partner
	 	 	 
	 	By:	APOLLO INTERNATIONAL
	 	 	MANAGEMENT GP, LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	AIF VI Euro Holdings, L.P.
	 	 	 
	 	By:	Apollo Advisors VI (EH), L.P.,
	 	 	its general partner
	 	 	 
	 	By:	Apollo Advisors VI (EH-GP), Ltd.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President

 

[Signature Page to Amendment No. 1 to Shareholders’ Agreement]

 

    	 

    	 	 

    

 

	 	AAA Guarantor - Co-Invest VII, L.P.
	 	 	 
	 	By:	AAA Investments (Co-Invest VII),
	 	 	L.P.,
	 	 	its general partner
	 	 	 
	 	By:	Apollo Alternative Assets, L.P.,
	 	 	its service provider
	 	 	 
	 	By:	Apollo International
	 	 	Management, L.P.,
	 	 	its managing general partner
	 	 	 
	 	By:	Apollo International
	 	 	Management GP, LLC
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	 	AIF VII Euro Holdings, L.P.
	 	 	 
	 	By:	Apollo Advisors VII (EH), L.P.,
	 	 	its general partner
	 	 	 
	 	By:	Apollo Advisors VII (EH-GP), Ltd.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	AIF VI NCL (AIV), L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH), L.P.,
	 	 	its general partner
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH-GP), LTD.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	AIF VI NCL (AIV II), L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH), L.P.,
	 	 	its general partner
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH-GP), LTD.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	AIF VI NCL (AIV III), L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH), L.P.,
	 	 	its general partner
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH-GP), LTD.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	AIF VI NCL (AIV IV), L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH), L.P.,
	 	 	its general partner
	 	 	 
	 	By:	APOLLO ADVISORS VI (EH-GP), LTD.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	APOLLO OVERSEAS PARTNERS

(DELAWARE) VI, L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI, L.P.,
	 	 	its general partner
	 	 	 
	 	By:	APOLLO CAPITAL MANAGEMENT VI,
	 	 	LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	APOLLO OVERSEAS PARTNERS

(DELAWARE 892) VI, L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI, L.P.,
	 	 	its general partner
	 	 	 
	 	By:	APOLLO CAPITAL MANAGEMENT VI,
	 	 	LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	APOLLO OVERSEAS PARTNERS VI, L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI, L.P.,
	 	 	its managing partner
	 	 	 
	 	By:	APOLLO CAPITAL MANAGEMENT VI,
	 	 	LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 		Title:   Vice President
	 	 	 
	 	APOLLO OVERSEAS PARTNERS

(GERMANY) VI, L.P.
	 	 	 
	 	By:	APOLLO ADVISORS VI, L.P.,
	 	 	its managing partner
	 	 	 
	 	By:	APOLLO CAPITAL MANAGEMENT VI, LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	APOLLO Alternative Assets, L.P.
	 	 	 
	 	By:	APOLLO INTERNATIONAL

MANAGEMENT, L.P.,
	 	 	its managing partner
	 	 	 
	 	By:	APOLLO INTERNATIONAL

MANAGEMENT GP, LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	APOLLO Management VI, L.P.
	 	 	 
	 	By:	AIF VI MANAGEMENT, LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President
	 	 	 
	 	APOLLO Management VII, L.P.
	 	 	 
	 	By:	AIF VII MANAGEMENT, LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Laurie Medley
	 	 	Name: Laurie Medley
	 	 	Title:   Vice President

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	TPG VIKING, L.P.
	 	 	 
	 	By:	TPG GenPar V, L.P.,
	 	 	its general partner
	 	 	 
	 	By:	TPG GenPar V Advisors, LLC,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Ronald Cami
	 	 	Name: Ronald Cami
	 	 	Title:   Director
	 	 	 
	 	TPG VIKING AIV I, L.P.
	 	 	 
	 	By:	TPG Viking AIV GenPar, L.P.,
	 	 	its general partner
	 	 	 
	 	By:	TPG Viking AIV GenPar Advisors, Inc.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Ronald Cami
	 	 	Name: Ronald Cami
	 	 	Title:   Director
	 	 	 
	 	TPG VIKING AIV II, L.P.
	 	 	 
	 	By:	TPG Viking AIV GenPar, L.P.,
	 	 	its general partner
	 	 	 
	 	By:	TPG Viking AIV GenPar Advisors, Inc.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Ronald Cami
	 	 	Name: Ronald Cami
	 	 	Title:   Director

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	TPG VIKING AIV III, L.P.
	 	 	 
	 	By:	TPG Viking AIV GenPar, L.P.,
	 	 	its general partner
	 	 	 
	 	By:	TPG Viking AIV GenPar Advisors, Inc.,
	 	 	its general partner
	 	 	 
	 	By:	/s/ Ronald Cami
	 	 	Name: Ronald Cami
	 	 	Title:   Director

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	GENTING HONG KONG LIMITED
	 	 	 
	 	By:	/s/ David Chua
	 	 	Name: David Chua
	 	 	Title:   Authorized Signatory
	 	 	 
	 	STAR NCLC HOLDINGS LTD.
	 	 	 
	 	By:	/s/ Blondel So
	 	 	Name: Blondel So
	 	 	Title:   Authorized Signatory

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

	 	NORWEGIAN CRUISE LINE HOLDINGS LTD.
	 	 	 
	 	By:	/s/ Kevin M. Sheehan
	 	 	Name: Kevin M. Sheehan
	 	 	Title:   President and Chief Executive Officer

 

[Signature Page to Amendment No. 1 to Shareholders’
Agreement]

 

    	 

    	 	 

    

 

Exhibit A

 

FORM OF JOINDER TO SHAREHOLDERS’
AGREEMENT

 

THIS JOINDER (this
“Joinder”) to that certain Shareholders’ Agreement (as amended and supplemented from time to time, the “Agreement”)
dated as of January 24, 2013, by and among NORWEGIAN CRUISE LINE HOLDINGS, LTD., a company organized under the laws of Bermuda
(the “Company”), GENTING HONG KONG LIMITED (f/k/a STAR CRUISES LIMITED), a company continued into Bermuda (“Genting”),
STAR NCLC HOLDINGS LTD., a company organized under the laws of Bermuda (“Star Holdings”, and together with Genting,
“GHK”), and the other parties thereto is made and entered into as of [ ] by and between the Company and [Holder] (“Holder”).
Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

 

WHEREAS, Holder has
acquired certain Ordinary Shares, and the Agreement and the Company require Holder, as a holder of Ordinary Shares, to become a
party to the Agreement, and Holder agrees to do so in accordance with the terms hereof.

 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties to this Joinder hereby agree as follows:

 

1. Agreement to
be Bound. Holder hereby agrees that upon execution of this Joinder, it shall become a party to the Agreement and shall be fully
bound by, and subject to, all of the covenants, terms and conditions of the Agreement as though an original party thereto and shall
be deemed an Apollo Entity for all purposes thereof. In addition, Holder hereby agrees that all Ordinary Shares held by Holder
shall be deemed Ordinary Shares for all purposes of the Agreement.

 

2. Successors and
Assigns. Except as otherwise provided herein, this Joinder shall bind and inure to the benefit of and be enforceable by the
Company and its successors and assigns and Holder and any subsequent holders of Ordinary Shares and the respective successors and
assigns of each of them, so long as they hold any shares of Ordinary Shares.

 

3. Counterparts.
This Joinder may be executed in separate counterparts, including by facsimile, each of which shall be an original and all of which
taken together shall constitute one and the same agreement.

 

4. Notices.
For purposes of Section 11(k) of the Agreement, all notices, demands or other communications to the Holder shall be directed to:

 

[Name]

[Address]

[Attention]

[Facsimile Number]

 

    	A-1

    	 	 

    

 

5.  Governing Law.
EXCEPT AS SET FORTH BELOW, THIS JOINDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF
NEW YORK WITHOUT REGARD TO THE CONFLICTS OF LAWS OR PRINCIPLES THEREOF THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION
OTHER THAN THE STATE OF NEW YORK.

 

6.  Descriptive Headings.
The descriptive headings of this Joinder are inserted for convenience only and do not constitute a part of this Joinder.

 

* * * * *

 

    	A-2

    	 	 

    

 

IN WITNESS WHEREOF, the
parties hereto have executed this Joinder as of the date first above written.

 

	 	NORWEGIAN CRUISE LINES HOLDINGS LTD.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	[HOLDER]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	A-3Exhibit 10.1

PURCHASE AND SALE AGREEMENT

AND ESCROW INSTRUCTIONS

BY AND BETWEEN

SELLER:

CD Realty Stow Road Associates, LLC

a New Jersey limited liability company

BUYER:

Plymouth Industrial REIT, Inc.,

a Maryland corporation

 

Dated as of: November 14, 2014

    	 

    	 

    

PURCHASE
AND SALE AGREEMENT and escrow instructions

Buyer and Seller
hereby enter into this Purchase and Sale Agreement and Escrow Instructions (this “Agreement”) as of the Effective
Date. In consideration of the mutual covenants set forth herein, Seller agrees to sell, convey, assign and transfer the Property
to Buyer, and Buyer agrees to buy the Property from Seller, on the terms and conditions set forth in this Agreement.

1.     DEFINED
TERMS. The terms listed below shall have the following meanings throughout this Agreement:

	Approvals:	All permits, licenses, franchises, certifications, authorizations, approvals and permits issued by any governmental or quasi-governmental authorities for the ownership, operation, use and occupancy of the Property or any part thereof, excluding applications for development approvals that have been denied.
	Business Day:	Any day that is not a Saturday or Sunday or a legal holiday in the state in which the Real Property is located.
	Brokers:	NAI Mertz and Parsons Commercial Group
	Buyer:	Plymouth Industrial REIT, Inc., a Maryland corporation 
	Buyer’s Address:	Plymouth Industrial REIT, Inc.
	 	260 Franklin Street – 19th Floor
	 	Boston, MA 02109
	 	Attn:  Pendleton White, Jr.
	 	Email:  pen.white@plymouthrei.com 
	 	 
	 	With copies to:
	 	 
	 	Brown Rudnick LLP
	 	One Financial Center
	 	Boston, MA 02111
	 	Attn:  Kevin P. Joyce, Esq.
	 	Gregory S. Sampson, Esq.
	 	Email:  KJoyce@brownrudnick.com 
	 	           gsampson@brownrudnick.com
	 	 
	Closing:	The consummation of the sale and purchase of the Property, as described in Section 8 below.
	Closing Date:	December 2, 2014 (the “Scheduled Closing Date”); subject, however, to extension pursuant to Section 8(d); provided that in no event shall the Closing Date occur later than December 31, 2014.
	Contingency Period:	The period commencing on the Effective Date and expiring at 5:00 p.m. (Eastern Time) on November 24, 2014(the “Scheduled Contingency Expiration Date”), subject, however, to extension pursuant to Section 4.

    	1

    	 

    

 

	Deposit:	One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00).
	Domain Rights:	All rights, control and ownership of the Websites, and all intellectual property rights and interests relating thereto or arising therefrom.
	Effective Date:	November 14, 2014
	Escrow Holder:	Commonwealth Land Title Insurance Company, a division of Fidelity National Financial
	Escrow Holder’s Address:	Commonwealth Land Title Insurance Company
	 	265 Franklin Street
	 	Boston, MA 02110
	 	Attn:  Robert J. Capozzi, Esq.
	 	Telephone:  (617) 619-4808
	 	Email:  Robert.Capozzi@fnf.com
	 	 
	Exhibits:	Exhibit A – Legal Description of the Land
	 	Exhibit B – Documents
	 	Exhibit C – Tenant Estoppel
	 	Exhibit D – Deed
	 	Exhibit E – Bill of Sale
	 	Exhibit F – Assignment of Leases
	 	Exhibit G – Assignment of Contracts
	 	Exhibit H – FIRPTA Affidavit
	 	Exhibit I – Audit Letter
	 	Exhibit J – Seller's Closing Certificate
	 	Exhibit K – Existing Contracts
	 	Exhibit L – Rent Roll
	 	Exhibit M – Disclosures
	 	Exhibit N – Rooftop Solar Lease and PPA Modification Terms
	 	 
	Existing Contracts:	All written brokerage (other than the brokerage agreement regarding the sale of the Property to Buyer), service, maintenance, operating, repair, supply, purchase, consulting, professional service, advertising and other contracts to which Seller is a party, relating to the operation or management of the Property (but excluding the Leases, insurance contracts and any recorded documents evidencing the Permitted Exceptions).

    	2

    	 

    

 

	Improvements:	All buildings and other improvements owned by Seller located on or affixed to the Land, including, without limitation, the existing building containing approximately 156,643 rentable square feet (the “Building”) and the existing parking lots, together with all mechanical systems (including without limitation, all heating, air conditioning and ventilating systems and overhead doors), electrical equipment, facilities, equipment, conduits, motors, appliances, boiler pressure systems and equipment, air compressors, air lines, gas-fixed unit heaters, baseboard heating systems, water heaters and water coolers, plumbing fixtures, lighting systems (including all fluorescent and mercury vapor fixtures), transformers, switches, furnaces, bus ducts, controls, risers, facilities, installations and sprinkling systems to provide fire protection, security, heat, air conditioning, ventilation, exhaust, electrical power, light, telephone, storm drainage, gas, plumbing, refrigeration, sewer and water thereto, all internet exchange facilities, telecommunications networks and facilities base IP, conduits, fiber optic cables, all cable television fixtures and antenna, elevators, escalators, incinerators, disposals, rest room fixtures and other fixtures, equipment, motors and machinery located in or upon the Building, and other improvements now or hereafter on the Land.
	Intangible Property:	All intangible property now or on the Closing Date owned by Seller in connection with the Real Property or the Personal Property including without limitation all of Seller’s right, title and interest in and to all environmental reports, soil reports, utility arrangements (except as expressly set forth herein), warranties, guarantees, indemnities, claims, licenses, applications, permits, governmental approvals, plans, drawings, specifications, surveys, maps, books and records, licenses, authorizations, applications, permits and all other Approvals, Domain Rights, Websites, insurance proceeds and condemnation awards as provided in this Agreement, Seller’s right, title and interest in all Approved Contracts relating to the Real Property or the Personal Property, or any part thereof (but not Seller’s obligations under any Rejected Contracts (as hereinafter defined)), and all other intangible rights used in connection with or relating to the Real Property or the Personal Property or any part thereof.  
	Land:	That certain parcel of land known as 4 East Stow Road, containing approximately 14.54 acres of land, located in Marlton, New Jersey, more particularly described in Exhibit A hereto, together with all rights and interests appurtenant thereto, including, without limitation, any water and mineral rights, development rights, air rights, easements and all rights of Seller in and to any strips and gores, alleys, passages or other rights-of-way. 
	Leases:	The leases and/or licenses of space in the Property in effect on the date hereof as listed on Exhibit L, together with leases of space in the Property entered into after the date hereof in accordance with the terms of this Agreement, including the Rooftop Solar Lease, together with all amendments and guaranties thereof.

    	3

    	 

    

 

	Permitted Exceptions:	All of the following:  applicable zoning and building ordinances and land use regulations; the lien of taxes and assessments not due and payable as of the Closing Date; any matter set forth in, and exclusions from coverage set forth in, the Owner's Policy of Title Insurance; any exceptions caused by Buyer, its agents, representatives or employees; the rights of the tenants, as tenants only, under the Leases; easements, covenants, conditions and restrictions of record; matters that would be disclosed by an accurate survey and inspection of the Property; any recorded plat affecting the Property; and any matters deemed to constitute Permitted Exceptions under Section 5(d) hereof.
	Personal Property:	Any and all personal property owned by Seller and located on the Real Property, including but not limited to the Rooftop Solar Facilities.
	Property:	The Real Property, the Personal Property, the Approved Contracts (as defined in Section 4), the Leases and the Intangible Property.
	Purchase Price:	Nine Million Seven Hundred Thousand and 00/100 Dollars ($9,700,000.00)
	Real Property:	The Land and the Improvements.
	Rooftop Solar Facilities:	The Solar Facilities, as said term is defined in the Rooftop Solar Lease. 
	Rooftop Solar Lease:	The Amended and Restated Roof-Top Solar Generation Facility Lease Agreement dated October 26, 2011, as proposed to be modified based on the general terms outlined in Exhibit N to this Agreement.
	Seller:	CD Realty Stow Road Associates, LLC, a New Jersey limited liability company
	Seller’s Address:	102 Centre Blvd., Suite H
	 	Marlton NJ 08053 
	 	Attn.: Donald A. Berg
	 	Email: donald@linnbrook.com
	 	 
	 	With a copy to:
	 	Arnall Golden Gregory LLP
	 	171 17th Street, NW Suite 2100
	 	Atlanta, GA 30363
	 	Attn.: Steven A. Kaye, Esq.
	 	Email: Steven.Kaye@agg.com
	 	 

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	Tenant Inducement Costs:	All third-party payments, costs and expenses required to be paid or provided by Seller, as landlord, pursuant to a Lease which is in the nature of a tenant inducement, including tenant improvement costs, tenant allowances, building lease buyout costs, landlord's work costs, brokerage commissions, reimbursement of tenant moving expenses and other out-of-pocket costs. 
	Title Company:	Commonwealth Land Title Insurance Company
	 	265 Franklin Street
	 	Boston, MA 02110
	 	Attn:  Robert J. Capozzi, Esq.
	 	Telephone:  (617) 619-4808
	 	Email:  Robert.Capozzi@fnf.com
	 	 
	Title Policy:	An ALTA extended coverage Owner’s Policy of Title Insurance in the amount of the Purchase Price, dated effective as of the date the Deed is recorded and insuring Buyer (or its nominee or assignee, as permitted herein) as the owner of good and indefeasible fee simple title to the Real Property, free from all Liens other than Permitted Exceptions.  As used herein, the term “Title Policy” shall exclude endorsements Buyer may request or require.
	Websites:	All domain names, web addresses and websites in which Seller has an interest relating to the Property or any portion thereof, including, but not limited to, any other name given to the Property.

 

2.     DEPOSIT
AND PAYMENT OF PURCHASE PRICE; INDEPENDENT CONSIDERATION. Unless this Agreement terminates prior to the expiration
of the Contingency Period, upon the expiration of the Contingency Period, Buyer shall deposit the Deposit with Escrow Holder, at
Escrow Holder’s office, by check or by wire transfer, funds in the amount of the Deposit as a deposit on account of the Purchase
Price. Immediately upon Escrow Holder’s receipt of the Deposit, Escrow Holder shall place the same in an single interest-bearing
account reasonably acceptable to Buyer, the interest to accrue to Buyer, except if the Deposit is payable to Seller under Section
11(a) below (any subsequent references herein to the Deposit shall be deemed to include any interest accrued thereon). The Deposit
(as and when paid to Escrow Holder) shall be held by Escrow Holder in accordance with this Agreement, and, if applicable, in accordance
with Escrow Holder's standard form of escrow agreement which Buyer and Seller agree to execute in addition to this Agreement.

If the transactions
contemplated hereby close as provided herein, the Deposit shall be paid to Seller and shall be credited toward the Purchase Price
and Buyer shall pay through escrow to Seller the balance of the Purchase Price, net of all prorations and other adjustments provided
for in this Agreement. The Purchase Price shall be paid by wire transfer of immediately available federal funds. If this Agreement
is terminated pursuant to the terms hereof or if the transactions do not close, the Deposit shall be returned to Buyer or delivered
to Seller as otherwise specified in this Agreement.

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Notwithstanding
anything in this Agreement to the contrary, One Hundred and No/100 Dollars ($100.00) of the Deposit is delivered to the Escrow
Holder for delivery by the Escrow Holder to Seller as “Independent Contract Consideration”, and the Deposit
is reduced by the amount of the Independent Contract Consideration so delivered to Seller, which amount has been bargained for
and agreed to as consideration for Seller’s execution and delivery of this Agreement. At Closing, the Independent Contract
Consideration shall not be applied to the Purchase Price.

If Escrow Holder
shall have received notice signed by either party advising of a claim over entitlement to the Deposit, Escrow Holder shall give
notice of same to the other party, and Escrow Holder shall not disburse the Deposit until it has received the joint authorization
of the parties, except that such joint authorization shall not be required where this Agreement is terminated by Buyer during the
Contingency Period.

3.     DELIVERY
OF MATERIALS FOR REVIEW. On or before the date which is three (3) days after the Effective Date, Seller shall deliver
to Buyer at Buyer’s address set forth in Section 1 above, the materials listed on Exhibit B (collectively,
the “Documents”) for Buyer's review, to the extent the same are in Seller's possession. In the alternative,
at Seller’s option and within the foregoing three (3) day period, Seller may make the Documents available to Buyer on a secure
web site, and in such event, Buyer agrees that any item to be delivered by Seller under this Agreement shall be deemed delivered
to the extent available to Buyer on such secured web site. Seller also shall be permitted to make its books and records available
to Buyer for inspection at Seller’s offices in satisfaction of the requirements of this Section. Without limitation on the
foregoing, Seller shall make any other documents, files and information reasonably requested by Buyer concerning the Property and
which are in Seller’s possession or reasonable control available for Buyer’s inspection at Seller’s general offices
or such other location as shall be mutually convenient to the parties.

4.     CONTINGENCIES.
Buyer’s obligation under this Agreement to purchase the Property and consummate the transactions contemplated hereby is subject
to and conditioned upon, among other things expressly stated in this Agreement, the satisfaction or waiver by Buyer, in its sole
and absolute discretion and in the manner hereinafter provided, of each of the contingencies (individually, a “Contingency”,
and collectively, the “Contingencies”) set forth in this Section 4 in each case within the Contingency
Period.

(a)     Property
Review. Before the expiration of the Contingency Period, Seller shall have given Buyer an opportunity to conduct its due diligence
review, investigation and analysis of the Property (the “Due Diligence Review”) independently or through agents
of Buyer's own choosing, and Buyer shall have completed and shall be satisfied, in Buyer’s sole and absolute discretion,
with Buyer’s Due Diligence Review, which may include, but shall not necessarily be limited to, Buyer’s review, investigation
and analysis of: (i) all of the Documents; (ii) the physical condition of the Property; (iii) the adequacy and availability at
reasonable prices of all necessary utilities, including, without limitation, the services necessary to operate the Improvements
for Buyer’s intended use of the Property; (iv) the adequacy and suitability of applicable zoning and Approvals; (v) the Leases
and the obligations from and to the tenants thereunder; (vi) market feasibility studies; and (vii) such tests and inspections
of the Property as Buyer may deem necessary or desirable.

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(b)     Environmental
Audit. Before the expiration of the Contingency Period, Buyer shall have completed to the satisfaction of Buyer, in its sole
and absolute discretion, and at its sole cost and expense, a Phase I environmental audit and assessment of the Real Property (the
“Environmental Audit”), including but not limited to the performance of such tests and inspections as Buyer
may deem necessary or desirable, subject to the terms and provisions hereof, in order to determine the presence or absence of any
Hazardous Materials (as defined in Section 12(i) hereof).

(c)     Board
Approval. Before the expiration of the Contingency Period, Buyer shall have obtained approval for the transaction contemplated
by this Agreement from its Board of Directors (“Board Approval”).

The foregoing Due
Diligence Review, Environmental Audit, and Board Approval Contingencies are solely for Buyer’s benefit and only Buyer may
determine such Contingencies to be satisfied or waived in writing. Buyer shall have the Contingency Period in which to satisfy
or waive such Contingencies by delivering written notice to Seller with a copy to Escrow Holder. A Contingency shall be deemed
not to have been satisfied or waived by Buyer unless, prior to the expiration of the Contingency Period, Buyer shall deliver to
Seller and Escrow Holder a written notice to such effect (each such notice being herein referred to as an “Approval Notice”).

Buyer shall have
the right to extend the Contingency Period for a period of up to ten (10) days by providing Seller with notice on or prior to the
Scheduled Contingency Expiration Date.

If Buyer provides
an Approval Notice for each of the Contingencies, then the Contingencies shall be deemed satisfied or waived and the parties shall,
subject to the satisfaction of all other terms and conditions applicable to the respective parties’ obligations hereunder,
be obligated to proceed to Closing. If Buyer does not provide an Approval Notice with respect to any or all of the Contingencies
during the Contingency Period, then such Contingency(ies) shall be deemed not satisfied or waived, and this Agreement shall automatically
terminate and be of no further force and effect at the end of the Contingency Period without the further action of either party.
During the Contingency Period, Buyer may elect not to purchase the Property for any reason or for no reason whatsoever, all in
Buyer's sole and absolute discretion, by written notice to Buyer and Escrow Holder delivered before the expiration of the Contingency
Period, time being of the essence. Upon any such termination, Escrow Holder shall return the Deposit (if any) (less the Independent
Contract Consideration) to Buyer and, except for those provisions of this Agreement which expressly survive the termination of
this Agreement, the parties hereto shall have no further obligations hereunder.

With respect to
the Existing Contracts only, prior to the expiration of the Contingency Period, Buyer may furnish Seller with a written notice
of the contracts and agreements (the “Approved Contracts”) which Buyer has elected to assume at the Closing.
All Existing Contracts not included in any such notice shall be excluded from the Property to be conveyed to Buyer, and are herein
respectively referred to as the “Rejected Contracts”, and, if Buyer fails to deliver such notice, all Existing
Contracts shall be deemed Rejected Contracts. Seller shall at Seller’s sole cost and expense terminate on or before the Closing
Date all Rejected Contracts and shall deliver to Buyer evidence reasonably satisfactory to Buyer of Seller’s termination
on or prior to Closing of all Rejected Contracts. Notwithstanding anything contained herein to the contrary, Seller agrees to cause
any existing property management agreements and any leasing listing agreements to be terminated effective as of the Closing Date
and Seller shall be solely responsible for any fees or payments due thereunder.

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Notwithstanding
the foregoing paragraph, the Amended and Restated Solar Power Purchase Agreement dated October 26, 2011 (the "PPA"),
as proposed to be modified based on the general terms outlined in Exhibit N to this Agreement, is hereby deemed to be an
Approved Contract, subject to certain changes that Buyer and Seller may agree to certain additional revisions to the PPA that will
be effective at Closing.

5.     TITLE
COMMITMENT; SURVEY; SEARCHES. Buyer’s obligation to purchase the Property and to consummate the transactions
contemplated hereby shall also be subject to and conditioned upon Buyer’s having approved the condition of title to the Property
and a survey of the Real Property in the manner provided for in this Section 5.

(a)     Title
Commitment. On or before the date which is five (5) days after the Effective Date, Buyer shall cause the Title Company to deliver
a commitment (the “Title Commitment”) for the Title Policy (as defined in Section 6 hereof), issued by
the Title Company showing Seller as the owner of good and indefeasible fee simple title to the Real Property, together with legible
copies of all documents (“Exception Documents”) referred to in Schedule B of the Title Commitment. Buyer shall
deliver to Seller a copy of the Title Commitment together with a copy of all exception documents noted therein.

(b)     Survey.
On or before the date which is two (2) days after the Effective Date, Seller shall deliver Seller’s existing ALTA/ACSM survey
of the Real Property to Buyer, and Seller shall cooperate with Buyer to obtain, at Buyer's sole cost and expense, an update of
Seller’s existing survey from a surveyor licensed in the State of New Jersey, which shall be certified to Seller, Buyer,
Title Company and Buyer’s lender (if applicable) with a certification in accordance with the “Minimum Standard Detail
Requirements for ALTA/ACSM Land Title Surveys,” jointly established and adopted by ALTA and NSPS in 2011 and including items
1, 2, 3, 4, 6(a), 6(b), 7(a), 7(b)(1), 7(c), 8, 9, 10, 11(a), 11(b), 13, 14, 16, 17, 18, 20 and 21 ($1,000,000.00 minimum) of Table
A (the “Survey”). Buyer shall deliver to Seller a copy of the Survey.

(c)     Searches.
Buyer may obtain, at its sole cost and expense, current UCC, tax lien and judgment searches with respect to Seller liens, security
interests and adverse claims affecting the Seller’s interest in the Real Property and/or the Personal Property (collectively,
“Searches”). Buyer shall deliver to Seller a copy of the Searches, if any are obtained.

(d)     Permitted/Unpermitted
Exceptions. Buyer shall have the right, up until the end of the Contingency Period, to object in writing (“Buyer’s
Exception Notice”) to any title matters that are not Permitted Exceptions which are disclosed in the Title Commitment,
Survey or Searches (herein collectively called “Liens”). Unless Buyer shall timely object to the Liens, such
Liens shall be deemed to constitute additional Permitted Exceptions. Any exceptions which are timely objected to by Buyer shall
be herein collectively called the “Title Objections.” If, on or before one (1) Business Days after the end of
the Contingence Period, Seller fails to cause or covenant to Buyer in writing to remove or endorse over any Title Objections prior
to the Closing in a manner satisfactory to Buyer in its sole and absolute discretion (Seller having no obligation to agree to cure
or correct any such Title Objections), Buyer may elect, as its sole and exclusive remedy, to either (a) terminate this Agreement
by giving written notice to Seller and Escrow Holder prior to the expiration of the Contingency Period, or by failing to deliver
the Approval

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Notice in accordance
with Section 4, in either of which event the Deposit shall be paid to Buyer and, thereafter, the parties shall have no further
rights or obligations hereunder except for those obligations which expressly survive the termination of this Agreement, or (b)
waive such Title Objections, in which event such Title Objections shall be deemed additional “Permitted Exceptions”
and the Closing shall occur as herein provided without any reduction of or credit against the Purchase Price. Buyer shall have
the right to amend Buyer’s Exception Notice (“Buyer’s Amended Exception Notice”) to object to any
title matters that are not Permitted Exceptions which are disclosed in any supplemental updates to the Title Commitment, Survey
or Searches delivered to Buyer after the end of the Contingency Period (which title matters were not reflected in the Title Commitment
or Survey provided to Buyer prior to the end of the Contingency Period) provided that Buyer objects to the same within two (2)
days after Buyer’s receipt of the applicable updates to the Title Commitment, Survey or Searches but in no event after Closing.
If Seller fails to take the action requested by Buyer in Buyer’s Amended Exception Notice, Buyer may elect prior to Closing,
as its sole and exclusive remedy, to proceed under either clause (a) or (b) of the sentence which precedes the immediately preceding
sentence. Notwithstanding anything to the contrary contained in this Agreement, any Lien which is a financial encumbrance such
as a mortgage, deed of trust, or other debt security, attachment, judgment, lien for delinquent real estate taxes and delinquent
assessments, mechanic’s or materialmen’s lien, which is outstanding against the Property, or any part thereof, that
is revealed or disclosed by the Title Commitment or any updates thereto and/or the Searches (herein such matters are referred to
as “Financial Encumbrances”) shall in no event be deemed a Permitted Exception, and Seller hereby covenants
to remove or, at Seller’s election, provide insurance over in the Title Policy, of all Financial Encumbrances to which it
is a party on or before the Closing Date. Notwithstanding, Seller shall not be required to expend more than a total of Fifty Thousand
Dollars ($50,000) in the aggregate to Financial Encumbrance that Seller did not consensually grant and that are otherwise unrelated
to Seller.

(e)     Approved
Title and Survey. The condition of title as approved by Buyer in accordance with this Section 5 is referred to herein
as the “Approved Title” and the Survey as approved by Buyer in accordance with this Section 5 is referred
to herein as the “Approved Survey”.

6.     DEED.
Seller shall convey the Real Property to Buyer by a “bargain and sale deed with covenants against grantor’s act”
substantially in the form of Exhibit D attached hereto (the “Deed”). Buyer shall be entitled to request
that the Title Company provide such endorsements (or amendments) to the Title Policy as Buyer may require, provided that (a) such
endorsements (or amendments) shall be at no cost to, and shall impose no additional liability on, Seller except to the extent expressly
agreed to in writing by Seller and (b) Buyer's obligations under this Agreement shall not be conditioned upon Buyer's ability
to obtain such endorsements. Seller shall deliver to the Title Company reasonable and customary affidavits and evidence of authority
relating to the issuance of the Title Policy based upon the requirements of Schedule B of the Title Commitment applicable to Seller,
including without limitation a no lien, gap and possession affidavit in a form reasonably acceptable to the Title Company and Buyer
(collectively, the “Owner’s Affidavit”).

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7.     PRORATIONS.
The following prorations shall be made between Seller and Buyer on the Closing Date, computed with income and expenses for the
Closing Date itself being allocated to Buyer:

(a)     Rents
Payable Under Leases. The word “Rents” as used herein shall be deemed to include, without limitation, (i)
fixed monthly rents and other fixed charges payable by the tenants under the Leases, (ii), any amounts payable by the tenants by
reason of provisions of the Leases relating to escalations and pass-throughs of operating expenses and taxes, and adjustments for
increases in the Consumer Price Index and the like, (iii) any percentage rents payable by the tenants under the Leases, if any,
and (iv) rents or other charges payable by the tenants under the Leases for services of any kind provided to them (including, without
limitation, making of repairs and improvements, the furnishing of heat, electricity, gas, water, other utilities and air-conditioning)
for which a separate charge is made.

Seller shall collect
and retain all Rents due and payable prior to the Closing and Buyer shall receive a credit for all such collected Rents allocable
to the period from and after the Closing Date, in each case, to the extent such Rents are actually received by Seller prior to
the Closing Date. Rents collected subsequent to the Closing Date, net of costs of collection, if any, shall first be applied to
such tenant’s current Rent obligations and then to past due amounts in the reverse order in which they were due; except that
all payments of reconciled operating expenses payable pursuant to the Lease and relating to the period preceding the Closing Date
shall be paid to Seller. Subject to the foregoing, any such Rents collected by Buyer shall, to the extent properly allocable to
periods prior to the Closing, be paid, promptly after receipt, to the Seller and any portion thereof properly allocable to periods
from and after the Closing Date shall be retained by Buyer. The term “costs of collection” shall mean and include reasonable
attorneys’ fees and other reasonable out-of-pocket costs incurred in collecting any Rents.

Seller shall not be
permitted after the Closing Date to institute proceedings against any tenant to collect any past due Rents for periods prior to
the Closing Date; provided that Buyer agrees for six (6) months after Closing to bill tenants for such Rents and provided further
that in no event shall Buyer be obligated to terminate a Lease or dispossess a tenant after Closing for failure to pay such Rents.
If any past due Rents are not collected from the tenants owing such delinquent amounts, Buyer shall not be liable to Seller for
any such amounts.

Any advance or prepaid
rental payments or deposits paid by tenants prior to the Closing Date and applicable to the period of time subsequent to the Closing
Date and any security deposits or other amounts paid by tenants, together with any interest on both thereof to the extent such
interest is due to tenants pursuant to the terms of the Lease, if any, shall be credited to Buyer on the Closing Date. Except in
the ordinary course of business, Seller shall not apply any security deposits between the Effective Date and Closing.

No credit shall be
given either party for accrued and unpaid Rent or any other non-current sums due from the tenants until said sums are paid. Except
as otherwise provided in this Section 7, any Tenant Inducements Costs payable to tenants under Leases shall either (a) be paid
in full by Seller at or prior to Closing or (b) be credited to Buyer at Closing.

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(b)     Rent
Adjustments. Pending final adjustments and prorations, as provided in Section 7(a) above, to the extent that any additional
rent, adjustment rent or escalation payments, if any, including, without limitation, estimated payments for Taxes (as defined below),
insurance, utilities (to the extent not paid directly by tenants), common area maintenance and other operating costs and expenses
(collectively, “Operating Costs”) in connection with the ownership, operation, maintenance and management of
the Real Property, are paid by tenants to the landlord under the Leases based on an estimated payment basis (monthly, quarterly,
or otherwise) for which a future reconciliation of actual Operating Costs to estimated payments is required to be performed at
the end of a reconciliation period, Buyer and Seller shall make an adjustment at Closing for the applicable reconciliation period
(or periods, if the Leases do not have a common reconciliation period) based on a comparison of the actual Operating Costs to the
estimated payments at and as of Closing. If, as of Closing, Seller has received additional rent, adjustment rent or escalation
payments in excess of the amount that tenants will be required to pay, based on the actual Operating Costs as of Closing, Buyer
shall receive a credit in the amount of such excess. If, as of Closing and for a period of six (6) months after Closing, Seller
has received additional rent, adjustment rent or escalation payments that are less than the amount that tenants would be required
to pay based on the actual Operating Costs as of Closing, Seller shall be permitted to directly invoice and request payment from
the tenant for such amounts. Operating Costs that are not payable by tenants either directly or reimbursable under the Leases shall
be prorated between Seller and Buyer and shall be reasonably estimated by the parties if final bills are not available.

(c)     Taxes
and Assessments. Real estate taxes and special assessments, if any, assessed against the Property (“Taxes”)
for the tax year in which the Closing occurs (the “Closing Tax Year”) shall be prorated as of the Closing Date,
as follows: Buyer shall receive a credit for Taxes not paid for the Closing Tax Year prorated based on the number of days of Seller's
ownership of the Property in the Closing Tax Year through the day immediately preceding the Closing Date, all as (but only to the
extent that) Seller has not yet paid the relevant bill therefor; and Seller shall receive a credit for Taxes paid by or on behalf
of Seller in the Closing Tax Year to the relevant taxing authority prior to Closing, prorated based on the period of Buyer's ownership
of the Property in the Closing Tax Year. If bills for Taxes payable in the Closing Tax Year are unavailable on the Closing Date,
the taxes will be pro-rated based upon 105% of the tax applicable for the previous tax period. Subject to reconciliation as provided
in Section 7(b) above, below, Seller shall retain all amounts paid or payable by tenants under the Leases on account of
Taxes for the period prior to Closing, and Buyer shall be entitled to amounts paid by tenants under the Leases on account of Taxes
for the period after Closing.

(d)     Utilities.
Charges attributable to the Property for utilities and fuel, including, without limitation, steam, water, electricity, gas and
oil, except to the extent paid directly by the tenants, shall be prorated as of the Closing Date. Reconciliation of any utility
charge not ascertained as of the Closing shall be completed as provided below in this Section.

(e)     Seller's
Prepayment Penalties. At Closing, Buyer will pay to or as directed by Seller fifty percent (50%), up to a maximum limit of
Fifty Thousand Dollars ($50,000), of Seller's prepayment fee or penalty associated with the payment of the loan secured by the
mortgage on the Property as of the Effective Date. Seller shall provide Buyer with reasonable evidence of the final amount of the
prepayment fee or penalty charged to Seller.

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(f)     Other
Prorations. Charges payable under the Approved Contracts assigned to Buyer pursuant to this Agreement shall be prorated as
of the Closing Date. Buyer shall also receive a credit equal to any past due payments (including interest or penalties due) from
Seller to any of the other parties to the Approved Contracts, prorated as of the Closing Date.

     Seller
and Buyer agree that (1) none of the insurance policies relating to the Property will be assigned to Buyer (and Seller shall pay
any cancellation fees resulting from the termination of such policies), and (2) no employees of Seller performing services at the
Property shall be employed by Buyer. Accordingly, there will be no prorations for insurance premiums or payroll, and Seller shall
be liable for all premiums and payroll expenses in connection with the foregoing.

If Seller has made
any deposit with any utility company or local authority in connection with services to be provided to the Property, such deposits
shall, if Buyer so requests and if assignable, be assigned to Buyer at the Closing and Seller shall receive a credit equal to the
amounts so assigned. Seller shall cooperate with Buyer to transfer all utility services to Buyer at Closing.

In no event shall
any costs of the operation or maintenance of the Property applicable to the period prior to the Closing be borne by Buyer.

Buyer shall be responsible
for all Tenant Inducement Costs for or related to all new Leases (i.e., including, without limitation, any amendment to an existing
Lease) signed after the Effective Date with Buyer's prior written consent pursuant, subject to Section 14(c). Seller shall have
no responsibility, whatsoever, with respect to any Tenant Inducement Costs for which Buyer is expressly responsible under this
paragraph (and to the extent Seller has paid, or is otherwise responsible for, any such Tenant Inducement Costs described in this
paragraph at any time following the Effective Date of this Agreement and prior to Closing, Seller shall receive a proration credit
therefor at Closing).

The prorations and
credits provided for in this Section 7 shall be made on the basis of a written statement prepared by Escrow Holder and approved
by both parties. At least three (3) Business Days prior to the Closing Date, Escrow Holder, using information provided by Seller,
shall provide Buyer with a preliminary proration and closing statement, together with backup documentation and substantiating the
prorations provided for and the calculations performed, in order that Buyer may verify Seller’s methods and calculations.
In the event any prorations made pursuant hereto shall prove incorrect for any reason whatsoever, or if any amount required to
be prorated hereunder is not capable of determination as of the Closing Date, either party shall be entitled to an adjustment to
implement or correct the same provided that it makes written demand on the other within six (6) months after the Closing Date.
The provisions of this Section 7 shall survive the Closing.

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8.     CLOSING.

(a)     Closing
Requirements. The consummation of the sale and purchase of the Property (the “Closing”) shall be effected
through a closing escrow which shall be established by Seller and Buyer with the Escrow Holder utilizing a so-called “New
York Style Closing” (i.e., meaning a Closing which has, on the Closing Date, the concurrent delivery to the Escrow Holder
of the documents of title, transfer of interests, delivery of the Title Policy or “marked-up” title commitment as described
herein and the payment to Seller of the Purchase Price). Seller shall provide any customary, mutually acceptable affidavits or
undertakings to the Title Company necessary for the aforedescribed “New York Style” type of Closing to occur. All documents
to be delivered at the Closing and all payments to be made shall be delivered on or before 12:00 noon Eastern Time on the Closing
Date as provided herein. Wired transmission of the Purchase Price must be received by Title Company prior to 12:00 noon Eastern
Time on the Closing Date. Wired transmission of the net Purchase Price to Seller and its mortgagee must be initiated by Title Company
prior to 3:00 PM Eastern Time on the Closing Date.

(b)     Additional
Conditions to Closing. It is a condition to Buyer’s obligation to proceed to Closing and to consummate the transactions
contemplated hereby, that, as of the Closing Date, (i) all of the Seller’s representations and warranties hereunder shall
be true and correct in all material respects and Seller’s Closing Certificate delivered pursuant to Section 9 hereof
shall not disclose any material qualifications or material changes in Seller’s representations and warranties set forth in
Section 12 hereof; (ii) Seller shall have performed in all material respects all of its covenants hereunder, which conclusively
shall be deemed to have occurred unless Buyer shall have delivered a written notice of default to Seller; (iii) this Agreement
shall not have terminated during the Contingency Period; (iv) the Title Company shall have unconditionally committed during the
Contingency Period to issue the Title Policy together with such endorsements as required by Buyer in form and substance satisfactory
to Buyer, in its sole discretion; (v) Seller shall have delivered estoppel certificates substantially in the form attached hereto
as Exhibit C, or in the form required by each Lease (the “Tenant Estoppel”), executed by each tenant
under each of the Leases with respect to the status of such Lease, rent payments, tenant improvements, lease defaults and other
matters relating to such Lease, and disclosing no defaults, disputes or other matters objectionable to Buyer in its sole and absolute
discretion; and (vi) Seller shall have delivered all other documents and other deliveries listed in Section 9 hereof. If
any condition to Buyer’s obligations hereunder is not fulfilled, including any condition expressly set forth in this Agreement
but not set forth in this Section 8(b), then Buyer shall have the right to terminate this Agreement by written notice to
Seller delivered on or before the Closing Date, in which event the Deposit less the Independent Contract Consideration shall be
returned to Buyer, all obligations of the parties hereto shall thereupon cease (except for those which survive the early termination
of this Agreement as expressly provided herein) and this Agreement shall thereafter be of no further force and effect, unless such
failure of condition constitutes a default on the part of Seller under any other provision of this Agreement, in which case the
terms of Section 11(b) shall also apply.

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(c)     Seller’s
Conditions to Closing. It is a condition to Seller’s obligation to proceed to Closing and to consummate the transactions
contemplated hereby, that, as of the Closing Date, (i) all of the Buyer’s representations and warranties hereunder shall
be true and correct in all material respects; (ii) Buyer shall have performed in all material respects all of its covenants hereunder,
which conclusively shall be deemed to have occurred unless Seller shall have delivered a written notice of default to Buyer; (iii)
this Agreement shall not have terminated during the Contingency Period; and (iv) Buyer shall have delivered all other documents
and other deliveries required of it under Section 9 hereof. If any condition to Seller’s obligations set forth in
this Section 8(c) hereunder or elsewhere is not fulfilled, including any condition not set forth in this Section 8(c), then
Seller shall have the right to terminate this Agreement by written notice to Buyer, in which event all obligations of the parties
hereto shall thereupon cease (except for those which survive the early termination of this Agreement as expressly set forth herein)
and this Agreement shall thereafter be of no further force and effect, and Seller shall be entitled to the Deposit in accordance
with Section 11(a) of this Agreement.

(d)     Closing
Extension Right. In the event that (i) Seller has not received the Tenant Estoppels on or before the Scheduled Closing Date;
(ii) Seller has not received a payoff letter from its lender; or (iii) the New Jersey Division of Taxation has failed to issue
the required notice under the Bulk Sale Law, Buyer or Seller shall have the right to extend the Closing Date by a period of up
to fifteen (15) days by giving written notice to the other party of such election on or before 5:00 p.m. (Eastern) on the date
that is two (2) Business Days prior to the Scheduled Closing Date. Notwithstanding, in no event shall the Closing be extended beyond
December 31, 2014.

9.     ESCROW.

(a)     Seller’s
Closing Deliveries. On or prior to the Closing Date, Seller shall deliver to Escrow Holder the following documents and materials,
all of which shall be in such form and substance as required hereunder:

(i)     Deed;
Transfer Declarations. The Deed, duly executed, acknowledged and in recordable form, accompanied by all necessary transfer
tax declarations of Seller as may be required under applicable law in order to permit the recording of the Deed.

(ii)     Bill
of Sale. A duly executed and acknowledged bill of sale for the Personal Property and Intangible Property, conveying to Buyer
all of the Personal Property and Intangible Property in the form of Exhibit E attached hereto (the “Bill of Sale”).

(iii)     Assignment
of Leases. Two (2) originals of an assignment of the Leases and all guaranties thereof, duly executed and acknowledged by Seller
in the form of Exhibit F attached hereto (the “Assignment of Leases”).

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(iv)     Assignment
of Contracts. Two (2) originals of an assignment of the Approved Contracts, duly executed and acknowledged by Seller and to
the extent required under the terms of any Approved Contract, consented to by the other party to such Contract in the form of Exhibit
G attached hereto (the “Assignment of Contracts”).

(v)     Title
Clearance Documents. An Owner’s Affidavit and a “gap” undertaking duly executed by Seller in a form reasonably
acceptable to Seller and the Title Company.

(vi)     FIRPTA
Affidavit. A non-foreign certification, duly executed by Seller under penalty of perjury, certifying that Seller is not a “foreign
person”, pursuant to Section 1445 (as may be amended) of the Internal Revenue Code of 1986, as amended in the form of Exhibit
H attached hereto (“Section 1445”) (the “FIRPTA Affidavit”). If Seller shall fail or
be unable to deliver the same, then Buyer shall have the right to withhold such portion of the Purchase Price as may be necessary,
in the reasonable opinion of Buyer and its counsel, to comply with Section 1445 and applicable law.

(vii)     Authority
Documents. Such other documents as the Title Company may reasonably require including evidence confirming the due authorization,
execution and delivery of this Agreement and the other documents to be executed in connection herewith by Seller.

(viii)     Seller’s
Closing Certificate. A certificate duly executed by Seller in the form of Exhibit J attached hereto (the “Seller’s
Closing Certificate”).

(ix)     Intentionally
deleted.

(x)     Other
Documents. Such other documents as may reasonably be required to be delivered by Seller pursuant to the terms of this Agreement,
duly executed and acknowledged by Seller (as applicable).

On or prior to the
Closing Date, Seller shall deliver to Buyer the following documents and materials, all of which shall be in form and substance
reasonably acceptable to Buyer:

(1)     Documents.
Originals of all Documents to the extent in Seller's possession or control, if not already delivered, or copies of same to the
extent originals do not exist and all books and records (to the extent in electronic format, utilizing licensed software not prohibiting
assignment or delivery of same) reasonably required in connection with the maintenance and operation of the Property.

(2)     Keys;
Manuals. Keys to all entrance doors in the Improvements, properly tagged for identification, and, to the extent in Seller's
possession or control, all operating manuals relating to operation of the equipment and systems which are part of the Property.

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(3)     Letters
of Credit. With respect to any security deposits under Leases which are in the form of letters of credit, such letters of credit
(including all amendments) together with a duly executed assignment of such letters of credit, in form required by the issuer of
such letters of credit, which cites Buyer as the beneficiary thereof, along with the fees, if any, required to transfer such letters
of credit to Buyer.

(4)     Notices
to Tenants. Notice to each of the tenants and any guarantors under the Leases, notifying them of the sale of the Property and
directing them to pay all future rent as Buyer may direct.

(5)     Notices
to Parties Under Approved Contracts. Notices to each of the parties (other than Seller) under the Approved Contracts, notifying
them of the sale of the Property and directing them to address all matters relating to the Approved Contracts as Buyer may direct.

(6)     Closing
Statement. A duplicate counterpart of a closing statement (the “Closing Statement”) prepared by Escrow Holder,
and signed by Seller, setting forth all prorations and credits required hereunder, signed by Seller.

(b)     Buyer’s
Deliveries at Closing. On or before the Closing Date, Buyer shall deliver to Escrow Holder the Purchase Price for the Property
as provided in Section 2. On or prior to the Closing Date, Buyer shall deliver to Escrow Holder two (2) duly executed counterparts
of the Assignment of Leases, Assignment of Contracts and the Closing Statement, such other documents as the Title Company may reasonably
require including evidence confirming the due authorization, execution and delivery of this Agreement, and the other documents
as may be reasonably required to be delivered by Buyer pursuant to the terms of this Agreement, duly executed and acknowledged
by Buyer (as applicable).

(c)     Closing
Instructions. This Agreement shall constitute both an agreement between Buyer and Seller and escrow instructions for Escrow
Holder. If Escrow Holder requires separate or additional escrow instructions which it reasonably deems necessary for its protection,
Seller and Buyer hereby agree promptly upon request by Escrow Holder to execute and deliver to Escrow Holder such mutually acceptable,
separate or additional standard escrow instructions of Escrow Holder (the “Additional Instructions”). Further,
each party reserves the right to deliver additional instructions to Escrow Holder. In the event of any conflict or inconsistency
between this Agreement and the Additional Instructions, this Agreement shall prevail and govern, and the Additional Instructions
shall so provide. The Additional Instructions shall not modify or amend the provisions of this Agreement or impose any additional
obligations upon either Seller or Buyer, unless otherwise agreed to in writing by Seller and Buyer.

(d)     Procedures
Upon Failure of Condition. Except as otherwise expressly provided herein, if any of the conditions set forth in this Agreement
is not timely satisfied or waived for a reason other than the default of Buyer or Seller in the performance of their respective
obligations under this Agreement:

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(i)     This
Agreement, the escrow and the respective rights and obligations of Seller and Buyer hereunder shall terminate, subject to the survival
of such obligations hereunder as survive such termination;

(ii)     Escrow
Holder shall promptly return to Buyer all funds of Buyer in its possession, including the Deposit, and to Seller and Buyer all
documents deposited by them respectively, which are then held by Escrow Holder; and

(iii)     Any
title charges shall be shared equally buy Buyer and Seller.

(e)     Actions
of Escrow Holder. On the Closing Date, provided Buyer and Seller have satisfied (or waived in writing) the conditions set forth
in this Agreement, Escrow Holder shall take the following actions:

(i)     Record
the Deed in the Recording Location;

(ii)     Deliver
to Buyer the closing documents required to be delivered to Buyer under this Agreement and any supplemental instructions provided
by Buyer;

(iii)     Deliver
to Seller in cash or current funds, all sums due Seller pursuant to this Agreement as indicated on the Closing Statement and any
documents required to be delivered to Seller under this Agreement and any supplemental instructions provided by Seller;

(iv)     Cause
the Title Company to issue and deliver the Title Policy to Buyer; and

(v)     Deliver
to Seller and Buyer the Closing Statement which has been certified by Escrow Holder to be true and correct.

10.     CLOSING
COSTS; PROPERTY COSTS. Seller shall pay: (a) 1⁄2 of the escrow fees and other charges owing to Escrow Holder;
(b) 1⁄2 of the transfer taxes payable in connection with the transfer of the Property to Buyer and the recording of the Deed;
and (c) all of the Seller’s legal fees and expenses and the cost of all performances by Seller of its obligations hereunder.

Buyer shall pay:
(a) for all title charges and premiums incurred for the Title Policy, including all endorsements to the Title Policy requested
by Buyer; (b) 1⁄2 of the escrow fees and other charges owing to Escrow Holder; (c) 1⁄2 of the transfer taxes payable
in connection with the transfer of the Property to Buyer and the recording of the Deed; (c) the cost of updating the Survey; and
(d) all of Buyer’s legal fees and expenses and the cost of all performances by Buyer of its obligations hereunder (including
costs associated with its Due Diligence Review except as otherwise provided herein).

 

All other closing
costs shall be allocated between Buyer and Seller in accordance with local custom.

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11.     REMEDIES.

(a)     LIQUIDATED
DAMAGES ON BUYER’S DEFAULT. BUYER AND SELLER HEREBY ACKNOWLEDGE AND AGREE THAT, IN THE EVENT THE CLOSING FAILS TO OCCUR
DUE TO A BUYER DEFAULT (ALL OF THE CONDITIONS TO BUYER’S OBLIGATIONS TO CLOSE HAVING BEEN SATISFIED OR WAIVED AS PERMITTED
HEREIN), SELLER WILL SUFFER DAMAGES IN AN AMOUNT WHICH WILL, DUE TO THE SPECIAL NATURE OF THE TRANSACTION CONTEMPLATED BY THIS
AGREEMENT AND THE SPECIAL NATURE OF THE NEGOTIATIONS WHICH PRECEDED THIS AGREEMENT, BE IMPRACTICAL OR EXTREMELY DIFFICULT TO ASCERTAIN.
IN ADDITION, BUYER WISHES TO HAVE A LIMITATION PLACED UPON THE POTENTIAL LIABILITY OF BUYER TO SELLER IN THE EVENT THE CLOSING
FAILS TO OCCUR DUE TO A BUYER DEFAULT, AND WISHES TO INDUCE SELLER TO WAIVE OTHER REMEDIES WHICH SELLER MAY HAVE IN THE EVENT OF
SUCH A BUYER DEFAULT. BUYER AND SELLER, AFTER DUE NEGOTIATION, HEREBY ACKNOWLEDGE AND AGREE THAT THE AMOUNT OF THE DEPOSIT REPRESENTS
A REASONABLE ESTIMATE OF THE DAMAGES WHICH SELLER WILL SUSTAIN IN THE EVENT OF SUCH BUYER DEFAULT. BUYER AND SELLER HEREBY AGREE
THAT SELLER MAY, IN THE EVENT THE CLOSING FAILS TO OCCUR DUE TO A BUYER DEFAULT (ALL OF THE CONDITIONS TO BUYER’S OBLIGATIONS
TO CLOSE HAVING BEEN SATISFIED OR WAIVED), AS ITS SOLE AND EXCLUSIVE REMEDY TERMINATE THIS AGREEMENT AND CANCEL THE ESCROW BY WRITTEN
NOTICE TO BUYER AND ESCROW HOLDER, WHEREUPON ESCROW HOLDER SHALL DELIVER THE DEPOSIT TO SELLER AND SELLER SHALL RECEIVE THE DEPOSIT
AS LIQUIDATED DAMAGES FOR SUCH DEFAULT AND SELLER WAIVES ALL OTHER REMEDIES. SUCH RETENTION OF THE DEPOSIT BY SELLER IS INTENDED
TO CONSTITUTE LIQUIDATED DAMAGES TO SELLER AND SHALL NOT BE DEEMED TO CONSTITUTE A FORFEITURE OR PENALTY. FOLLOWING TERMINATION
OF THIS AGREEMENT, CANCELLATION OF THE ESCROW AND THE DELIVERY TO AND RETENTION OF THE DEPOSIT BY SELLER AS LIQUIDATED DAMAGES
PURSUANT TO THIS SECTION 11(a), ALL OF THE RIGHTS AND OBLIGATIONS OF BUYER AND SELLER UNDER THIS AGREEMENT SHALL BE TERMINATED
SUBJECT TO SURVIVAL OF SUCH OBLIGATIONS HEREUNDER AS SURVIVE SUCH TERMINATION.

     Notwithstanding
the foregoing, if subsequent to Closing Buyer shall fail to comply with its obligations contained herein which survive Closing,
Seller, in addition to any rights and remedies provided herein, shall be entitled to any and all remedies available at law or in
equity. Additionally, the limitations of this Section 11(a) shall not apply to any of Buyer’s indemnities under this Agreement,
for which Seller shall be entitled to all remedies at law and in equity.

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(b)     Buyer’s
Remedies. In the event of a default by Seller under this Agreement, which continues for a period of five (5) Business Days
after Seller's receipt of written notice thereof, Buyer may, at its option, as its sole and exclusive remedy, (i) terminate this
Agreement in which case neither Seller nor Buyer shall have any further rights or obligations hereunder (except that Buyer shall
remain obligated pursuant to the provisions hereof which survive termination) and the Deposit shall be immediately returned to
Buyer; and, if all of the conditions to Seller’s obligations to close have been satisfied or waived as permitted herein,
and provided that Buyer is not in default hereunder, Buyer shall be entitled to reimbursement from Seller for all of Buyer’s
out-of-pocket third party costs and expenses incurred in connection with this Agreement and Due Diligence Review, subject to a
cap of Thirty-Five Thousand Dollars ($35,000.00), or (ii) specifically enforce the terms and conditions of this Agreement; provided
that such specific performance remedy shall be available to Buyer only upon (i) Buyer's full satisfaction of each of Buyer's obligations
under this Agreement, including Buyer's obligation to deliver the Deposit to the Title Company and delivering sufficient proof
to the Title Company and Seller that Buyer is ready, willing and able to close this transaction, and (ii) Buyer commences its action
of specific performance against Seller within thirty (30) days after the Closing Date. The option selected by Buyer from the preceding
remedies shall be Buyer's sole and exclusive remedy, and in no event shall Buyer be entitled to damages, including punitive damages,
consequential damages, incidental damages, and any and all other manner of damages, whether founded in law or in equity.

(c)     Aggregate
Liability. Without limiting Buyer's specific performance remedy under Section 11(b), Seller's aggregate liability to
Buyer under this Agreement after the Closing as a result of a breach of any representation or warranty or any other covenant or
indemnity made by Seller shall in no event collectively exceed One Hundred Seventy Five Thousand and 00/100 Dollars ($175,000.00),
in the aggregate (the "Claim Cap"). During the Survival Period, Seller shall maintain a net worth equal to the Claim
Cap. For purposes of this Section 11(c), the Survival Period shall be deemed extended to include any period during which a claim
is pursued, provided that such claim is brought before the otherwise applicable expiration date of the Survival Period. Notwithstanding
the foregoing, the limitation of Seller’s liability set forth in this Section 11(c) shall not apply to any liabilities or
obligations of Seller under Sections 7, 10, 21 and 28, or any Seller liability for claims brought under
applicable law based on fraud or intentional misrepresentation.

(d)     Limitation
on Seller’s Liability. In addition to the limitation set forth in Section 16 below, in the event that Buyer has
knowledge, through its Due Diligence Review or otherwise, that any of the representations or warranties made by Seller under this
Agreement were not true or correct when made or that Seller has breached a covenant hereunder, and if Buyer nevertheless closes
the transaction contemplated by this Agreement, then Buyer shall be deemed to have waived any such representation and warranty
or covenant breach (as applicable) and shall have no further claim against Seller with respect thereto. Buyer expressly agrees
that the obligations and liabilities of Seller under this Agreement and any document referenced herein shall not constitute personal
obligations of the officers, directors, employees, agents, trustees, partners, members, representatives, stockholders or other
principals and representatives of Seller; and therefore, notwithstanding anything to the contrary, Seller's liability, if any,
arising in connection with this Agreement or with the Property shall be limited to Seller's interest in the Property for the recovery
of any judgment against Seller, and Seller shall not be personally liable for any such judgment or deficiency after execution thereon.
The limitations of liability contained in this paragraph shall apply equally and inure to the benefit of Seller's present and future
officers, directors, trustees, shareholders, agents and employees, and their respective heirs, successors and assigns.

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12.     SELLER’S
REPRESENTATIONS AND WARRANTIES. As a material inducement to the execution and delivery of this Agreement by Buyer
and the performance by Buyer of its duties and obligations hereunder, Seller does hereby acknowledge, warrant, represent and agree
to and with Buyer that as of the Effective Date and as of the Closing Date:

(a)     Delivery
of Written Materials. Seller has not knowingly made to Buyer any misstatement of any material fact relating to the Property,
or this Agreement, nor knowingly failed to deliver to Buyer any written materials in Seller’s possession which Seller is
required to deliver hereunder.

(b)     Compliance
With Laws. Except as disclosed on Exhibit M, Seller has received no written notice of, and to Seller’s knowledge
there are no violations of, any legal requirement affecting the Property which have not been entirely corrected.

(c)     Litigation.
Except as disclosed on Exhibit M, Seller has not received written notice of any pending or to Seller’s knowledge threatened
litigation or governmental proceeding affecting Seller, or the Property, which relates to the Property, the validity or enforceability
of this Agreement or any instrument or document to be delivered by Seller in connection with the transactions contemplated hereby.

(d)     Existing
Contracts. Attached as Exhibit K is a true, correct and complete schedule of all Existing Contracts. Seller has not
received any currently effective notice in writing of any uncured material default under any of such Existing Contracts and, to
Seller’s knowledge, Seller is not in default under any such Existing Contracts. Seller is not a party to, and, to Seller's
knowledge, the Property is not subject to, any contract or agreement of any kind whatsoever, written or oral, with respect to the
Property that would be binding upon the Property or Buyer after Closing, other than the Permitted Exceptions, the Leases, and the
Approved Contracts.

(e)     Proceedings.
Except as disclosed on Exhibit M, there is no pending, or to Seller's knowledge, threatened litigation or other proceeding
against Seller related to the Property, or which may affect Seller's ability to convey the Property (including without limitation
any condemnation action).

(f)     Due
Authorization. Seller is a limited liability company organized under the laws of the State of New Jersey and is, or as of the
Closing Date will be, validly existing and in good standing under said laws. Seller has, or as of the Closing Date will have, full
power to execute, deliver and carry out the terms and provisions of this Agreement and each of the other agreements, instruments
and documents herein required to be made or delivered by Seller pursuant hereto, and has taken, or as of Closing will have taken,
all necessary action in connection with the execution, delivery and performance of this Agreement and such other agreements, instruments
and documents. The individuals executing this Agreement and all other agreements, instruments and documents herein required to
be made or delivered by Seller pursuant hereto on behalf of Seller are and shall be duly authorized to sign the same on Seller’s
behalf and to bind Seller thereto.

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(g)     Enforceability.
This Agreement has been, and each and all of the other agreements, instruments and documents herein required to be made or delivered
by Seller pursuant hereto have been, or on the Closing Date will have been, executed by Seller and when so executed, to the knowledge
of Seller, are and shall be legal, valid, and binding obligations of Seller enforceable against Seller in accordance with their
respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the
rights of creditors generally and, as to enforceability, the general principles of equity (regardless of whether enforcement is
sought in a proceeding in equity or at law).

(h)     No
Conflict. To the knowledge of Seller, The execution and delivery of, and consummation of the transactions contemplated by,
this Agreement by Seller are not prohibited by, and will not conflict with, constitute grounds for termination of, or result in
the breach of any agreement or instrument to which Seller is now a party or by which it or the Property is bound, or, any order,
rule or regulation of any court or other governmental agency or official.

(i)     Environmental
Matters. To Seller's knowledge and except as may be disclosed in the Documents none of the Property, including subsurface soil
and groundwater, contains any Hazardous Materials. As used in this Agreement, “Hazardous Materials” shall mean
any asbestos, flammable substances, explosives, radioactive materials, mold, PCB laden oil, hazardous waste, pollutants, contaminates,
toxic substances, pollution or related materials specified as such in, or regulated under any federal, state or local laws, ordinances,
rules, regulations or policies governing use, storage, treatment, transportation, manufacture, refinement, handling, production
or disposal of such materials but excluding office supplies, cleaning materials, personal grooming items or other items that are
sold for consumer or commercial use and typically used in other similar buildings or space.

(j)     Leases.
There are no other leases, licenses, subleases, occupancy agreements or other agreements for the use, possession or occupancy of
any portions of the Real Property, other than those listed on Exhibit L attached to this Agreement. Exhibit L contains a true,
correct and complete list of all currently existing Leases at the Property to which Seller is a party; full, true and complete
copies of all Leases and all amendments and guarantees relating thereto have heretofore been delivered to Buyer, or will be made
available to Buyer as part of the Documents. To Seller's knowledge, each Lease is in full force and effect, and except as shown
on Exhibit L, to Seller's knowledge, no rent or other amounts payable under the Leases is more than one (1) month in arrears or
has been paid more than one (1) month in advance. Exhibit L sets forth a true and correct listing of all security deposits (indicating
cash or letter of credit) or prepaid rentals made or paid by the tenants under the Leases. Except as shown in Exhibit L, Seller
has not delivered any written notices of tenant default to any tenants under Leases which remain uncured, nor has Seller received
any written notices of a landlord default from any tenants under Leases which remain uncured. None of Seller's interest in any
Lease or of Seller's right to receive the rentals payable by the tenant thereunder has been assigned, conveyed, pledged or in any
manner encumbered by Seller, except in connection with any existing financing encumbering the Property, which is to be repaid by
Seller and released as of the Closing. Except as described on Exhibit L, no tenant has given written notice to Seller of any default
or offsets, claims or defenses available to it. The only Tenant Inducement Costs in the nature of tenant improvement costs for
space currently being leased under any Leases in effect as of the date hereof (whether in the form of direct payments therefor
required of Seller or in the form of tenant improvement allowances payable by Seller) or for leasing commissions for leased premises
currently being leased under any such Leases, in any such case which may hereafter be payable under or with respect to the Leases
(and excluding, in any event any such Tenant Inducement Costs which may arise in connection with expansions or lease renewals/extensions
hereafter occurring under or with respect to any such Leases) are identified in the Leases.

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

(l)     Approvals.
Seller has heretofore delivered to Buyer, or will make available to Buyer as part of the Documents, true, full and complete copies,
in all material respects, of all currently existing Approvals to the extent in Seller’s possession. Seller has not received
any currently effective notice in writing of any uncured material breach or default under any of the Approvals.

(m)     OFAC.
Seller is not, nor will it become, a person or entity with whom U.S. persons or entities are restricted from doing business under
regulations of the Office of Foreign Asset Control of the Department of the Treasury (including those named on OFAC's Specially
Designated and Blocked Persons List) or under 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.

As used herein,
phrases such as “to Seller’s knowledge” or like phrases mean the actual present and conscious awareness
of Donald Berg and Craig Frater, without imputing or imposing any duty of inquiry or investigation; provided that so qualifying
Seller’s knowledge shall in no event give rise to any personal liability on the part of Donald Berg or Craig Frater, or any
other partner, member, officer or employee of Seller, on account of any breach of any representation or warranty made by Seller
herein. Said terms do not include constructive knowledge, imputed knowledge, or knowledge Seller or such persons do not have but
could have obtained through further investigation or inquiry. No broker, agent, or party other than Seller is authorized to make
any representation or warranty for or on behalf of Seller.

Prior to Closing,
Seller shall be permitted to update any representation or warranty made by Seller herein by disclosing to Buyer information obtained
by Seller subsequent to the Effective Date, and such representation or warranty shall be deemed to be revised to reflect same,
and the occurrence of such update shall not constitute a default by Seller hereunder. Notwithstanding, in the event that Seller's
disclosure materially affects the representations or warranties provided in this Section 12, Buyer shall have the option to terminate
this Agreement in which case neither Seller nor Buyer shall have any further rights or obligations hereunder and the Deposit shall
be immediately returned to Buyer.

13.     BUYER’S
REPRESENTATIONS AND WARRANTIES. As a material inducement to the execution and delivery of this Agreement by Seller
and the performance by Seller of its duties and obligations hereunder, Buyer does hereby acknowledge, warrant, represent and agree
to and with Seller that as of the Effective Date and as of the Closing Date:

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(a)     Due
Authorization. Buyer is a corporation organized, validly existing and in good standing under the laws of the State of Maryland.
Buyer has or will have full power to execute, deliver and carry out the terms and provisions of this Agreement and each of the
other agreements, instruments and documents herein required to be made or delivered by Buyer pursuant hereto, and, subject to Section
4(d) above, has or will have taken all necessary action to authorize the execution, delivery and performance of this Agreement
and such other agreements, instruments and documents. The individuals executing this Agreement and all other agreements, instruments
and documents herein required to be made or delivered by Buyer pursuant hereto on behalf of Buyer are or will be duly authorized
to sign the same on Buyer’s behalf and to bind Buyer thereto.

(b)     Enforceability.
This Agreement has been, and each and all of the other agreements, instruments and documents herein required to be made or delivered
by Buyer pursuant hereto have been, or on the Closing Date will have been, executed by Buyer or on behalf of Buyer, and when so
executed, are and shall be legal, valid, and binding obligations of Buyer enforceable against Buyer in accordance with their respective
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the rights of
creditors generally and, as to enforceability, the general principles of equity (regardless of whether enforcement is sought in
a proceeding in equity or at law).

(c)     No
Conflict. The execution and delivery of, and consummation of the transactions contemplated by, this Agreement by Buyer are
not prohibited by, and will not conflict with, constitute grounds for termination of, or result in the breach of any agreement
or instrument to which Buyer is now a party or by which it is bound, or any order, rule or regulation of any court or other governmental
agency or official, which prohibition or conflict would have an adverse effect on Buyer’s ability to perform its obligations
under this Agreement or the documents to be executed by Buyer in connection with this Agreement.

(d)     OFAC.
Buyer is not, nor will it become, a person or entity with whom U.S. persons or entities are restricted from doing business under
regulations of the Office of Foreign Asset Control of the Department of the Treasury (including those named on OFAC's Specially
Designated and Blocked Persons List) or under 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.

(e)     AS-IS.
EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT AND/OR THE DOCUMENTS EXECUTED BY SELLER AT CLOSING, SELLER MAKES NO REPRESENTATIONS
OR WARRANTIES, AND BUYER HEREBY ACKNOWLEDGES THAT NO REPRESENTATIONS HAVE BEEN MADE. EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT
AND/OR THE DOCUMENTS EXECUTED BY SELLER AT CLOSING, SELLER SPECIFICALLY DISCLAIMS, AND NEITHER IT NOR ANY OTHER PERSON IS MAKING,
ANY REPRESENTATION, WARRANTY OR ASSURANCE WHATSOEVER TO BUYER AND NO WARRANTIES OR REPRESENTATIONS OF ANY KIND OR CHARACTER, EITHER
EXPRESS OR IMPLIED, ARE MADE BY SELLER OR RELIED UPON BY BUYER WITH RESPECT TO THE STATUS OF TITLE TO OR THE MAINTENANCE, REPAIR,
CONDITION, DESIGN OR

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MARKETABILITY OF THE
PROPERTY, OR ANY PORTION THEREOF, INCLUDING BUT NOT LIMITED TO (A) ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY, (B) ANY
IMPLIED OR EXPRESS WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, (C) ANY IMPLIED OR EXPRESS WARRANTY OF CONFORMITY TO MODELS
OR SAMPLES OF MATERIALS, (D) ANY RIGHTS OF BUYER UNDER APPROPRIATE STATUTES TO CLAIM DIMINUTION OF CONSIDERATION, (E) ANY
CLAIM BY BUYER FOR DAMAGES BECAUSE OF DEFECTS, WHETHER KNOWN OR UNKNOWN, LATENT OR PATENT, WITH RESPECT TO THE IMPROVEMENTS OR
THE PERSONAL PROPERTY, (F) THE FINANCIAL CONDITION OR PROSPECTS OF THE PROPERTY AND (G) THE COMPLIANCE OR LACK THEREOF
OF THE REAL PROPERTY OR THE IMPROVEMENTS WITH GOVERNMENTAL REGULATIONS, IT BEING THE EXPRESS INTENTION OF SELLER AND BUYER THAT,
EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT AND THE DOCUMENTS TO BE DELIVERED AT THE CLOSING, THE PROPERTY WILL BE CONVEYED
AND TRANSFERRED TO BUYER IN ITS PRESENT CONDITION AND STATE OF REPAIR, "AS IS" AND "WHERE IS", WITH ALL FAULTS.
BUYER REPRESENTS THAT IT IS A KNOWLEDGEABLE, EXPERIENCED AND SOPHISTICATED BUYER OF REAL ESTATE, AND THAT IT IS RELYING SOLELY
ON ITS OWN EXPERTISE AND THAT OF BUYER'S CONSULTANTS IN PURCHASING THE PROPERTY. EXCEPT FOR SELLER’S REPRESENTATIONS AND
WARRANTIES CONTAINED IN THIS AGREEMENT, BUYER ACKNOWLEDGES AND AGREES THAT IT WILL HAVE THE OPPORTUNITY TO CONDUCT SUCH INSPECTIONS,
INVESTIGATIONS AND OTHER INDEPENDENT EXAMINATIONS OF THE PROPERTY AND RELATED MATTERS, INCLUDING BUT NOT LIMITED TO THE PHYSICAL
AND ENVIRONMENTAL CONDITIONS THEREOF, DURING THE CONTINGENCY PERIOD AND WILL RELY UPON SAME AND NOT UPON ANY STATEMENTS OF SELLER
OR OF ANY MEMBER, MANAGER, OFFICER, DIRECTOR, AGENT OR ATTORNEY OF SELLER. BUYER ACKNOWLEDGES THAT ALL INFORMATION OBTAINED BY
BUYER WILL BE OBTAINED FROM A VARIETY OF SOURCES AND, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, SELLER WILL NOT BE DEEMED
TO HAVE REPRESENTED OR WARRANTED THE COMPLETENESS, ADEQUACY, TRUTH OR ACCURACY OF ANY OF THE DUE DILIGENCE ITEMS OR OTHER SUCH
INFORMATION HERETOFORE OR HEREAFTER FURNISHED TO BUYER. UPON CLOSING, BUYER ACKNOWLEDGES THE RISK THAT ADVERSE MATTERS, INCLUDING,
BUT NOT LIMITED TO, ADVERSE PHYSICAL AND ENVIRONMENTAL CONDITIONS, MAY NOT HAVE BEEN REVEALED BY BUYER'S INSPECTIONS AND INVESTIGATIONS.
BUYER ACKNOWLEDGES AND AGREES THAT UPON CLOSING, EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THIS AGREEMENT AND DOCUMENTS DELIVERED
AT CLOSING, SELLER WILL SELL AND CONVEY TO BUYER, AND BUYER WILL ACCEPT THE PROPERTY, "AS IS, WHERE IS," WITH ALL FAULTS.
BUYER FURTHER ACKNOWLEDGES AND AGREES THAT THERE ARE NO ORAL AGREEMENTS, WARRANTIES OR REPRESENTATIONS, COLLATERAL TO OR AFFECTING
THE PROPERTY, BY SELLER, ANY AGENT OF SELLER OR ANY THIRD PARTY. SELLER IS NOT LIABLE OR BOUND IN ANY MANNER BY ANY ORAL OR WRITTEN
STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE PROPERTY FURNISHED BY ANY REAL ESTATE BROKER, AGENT, EMPLOYEE,

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SERVANT OR OTHER PERSON, UNLESS THE
SAME ARE SPECIFICALLY SET FORTH OR REFERRED TO HEREIN. BUYER ACKNOWLEDGES THAT THE PURCHASE PRICE REFLECTS THE "AS IS, WHERE
IS" NATURE OF THIS SALE AND ANY FAULTS, LIABILITIES, DEFECTS OR OTHER ADVERSE MATTERS THAT MAY BE ASSOCIATED WITH THE PROPERTY.
BUYER, WITH BUYER'S COUNSEL, HAS FULLY REVIEWED THE DISCLAIMERS AND WAIVERS SET FORTH IN THIS AGREEMENT, AND UNDERSTANDS THE SIGNIFICANCE
AND EFFECT THEREOF. BUYER ACKNOWLEDGES AND AGREES THAT THE DISCLAIMERS AND OTHER AGREEMENTS SET FORTH HEREIN ARE AN INTEGRAL PART
OF THIS AGREEMENT, AND THAT SELLER WOULD NOT HAVE AGREED TO SELL THE PROPERTY TO BUYER FOR THE PURCHASE PRICE WITHOUT THE DISCLAIMER
AND OTHER AGREEMENTS SET FORTH IN THIS AGREEMENT. THE TERMS AND CONDITIONS OF THIS PARAGRAPH WILL EXPRESSLY SURVIVE THE CLOSING.

14.     ACTIONS
AFTER THE EFFECTIVE DATE. The parties covenant to do the following through the Closing Date:

(a)     Title.
Except as otherwise specifically contemplated in this Agreement or as may be required by legal requirements, and without limiting
any rights that tenants may have under their Leases, from and after the Effective Date, Seller shall not make or permit any changes
to the Property or to the condition of title to the Property that would change the Approved Title or the Approved Survey except
with Buyer’s advance written consent, which consent shall not be unreasonably withheld prior to the expiration of the Contingency
Period but may be withheld in Buyer's sole and absolute discretion after the expiration of the Contingency Period.

(b)     Maintenance
and Operation of Property. From and after the Effective Date, Seller shall maintain existing insurance coverage in full force
and effect, and shall operate and maintain the Property in substantially the same manner as operated and maintained as of the Effective
Date, shall not delay or defer any repair or maintenance item, and shall pay all bills and obligations arising from the Property
as payment becomes due. Seller shall not make any material alterations to or upon the Property or remove any of the Personal Property
therefrom, except with Buyer's advance written consent, which consent shall not be unreasonably withheld. Seller shall promptly
advise Buyer in writing of any significant repair or improvement required to keep in the Property in such condition.

(c)     Leases
and Agreements. From and after the Effective Date, Seller shall not enter into any new leases or other occupancy agreements
for the Property without first obtaining Buyer's advance written consent which shall not be unreasonably withheld prior to the
expiration of the Contingency Period but may be withheld in Buyer's sole and absolute discretion after the expiration of the Contingency
Period. From and after the Effective Date, Seller shall not terminate or amend any of the Leases or Approved Contracts or any other
agreement concerning the Property, without giving Buyer written notice thereof during the Contingency Period, and after the Contingency
Period without the consent of Buyer, which may be withheld in Buyer's sole and absolute discretion, and Seller shall continue to
perform all of its material obligations under the Leases and Approved Contracts.

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If Seller requests
Buyer’s consent to any new lease or other occupancy agreement or amendment to any existing Lease, Seller shall be required
to provide Buyer with a reasonably detailed written summary of all of the material terms the proposed transaction along with an
itemized list of all Tenant Inducement Costs which will be incurred in connection with the proposed transaction. Buyer shall give
Seller written notice of approval or disapproval of a proposed new lease or other occupancy agreement or amendment to any existing
Lease within three (3) Business Days after Buyer’s receipt of the items described above. If Buyer does not respond to Seller’s
request within such time period, then Buyer will be deemed to have disapproved such new lease or other occupancy agreement or amendment
to any existing Lease.

(d)     Representations
and Warranties. Each party shall use reasonable efforts to prevent any act or omission that would render any of its representations
and warranties herein untrue or misleading, and shall promptly notify the other party in writing if such act or omission occurs.

(e)     Entry.
As of the Effective Date, during normal business hours prior to the Closing, and subject to the rights of tenants under the Leases,
Buyer and its agents, employees and contractors (collectively, “Permittees”) shall have reasonable access to
the Property and the right to interview tenants, at agreed upon times for agreed upon purposes on at least forty-eight (48) hours
prior notice to Seller. Buyer shall obtain Seller’s consent before Buyer or its Permittees enter the Real Property prior
to Closing. Buyer may obtain such consent by contacting either Craig Frater or Donald Berg at (856) 334-5947. Seller shall
have the right to have a representative present during any visits to or inspections of the Property by Buyer or any Permittees,
as well as during tenant meetings. Buyer will conduct its Due Diligence Review in a manner which is not disruptive to tenants or
the normal operation of the Property, and Buyer shall not enter any space leased to a tenant without prior approval of Seller.
At all times during the presence of Buyer or Buyer’s Permittees on the Real Property, Buyer agrees that Buyer will not allow,
and Buyer’s Permittees will not conduct, any physically invasive testing of, on, or under the Real Property without first
obtaining Seller’s written consent, which consent Seller may withhold in its sole and absolute discretion. In the event Buyer
desires to conduct any physically intrusive inspections, such as sampling of soils, other media, building materials, or the like,
Buyer will identify in writing exactly what procedures Buyer desires to perform and request Seller's advance written consent, which
consent may be withheld in Seller’s sole and absolute discretion. Buyer will: (a) maintain comprehensive general liability
(occurrence) insurance (at least $2,000,000), and deliver a certificate of insurance (in the form of an Accord 27 or equivalent),
which names Seller as an additional insured thereunder verifying such coverage to Seller before entering upon the Real Property;
(b) promptly pay when due the costs of all entry and inspections and examinations done with regard to the Property; and (c) to
the extent damaged by Buyer or its Permittees, restore the Property and Improvements to substantially the condition in which the
same were found before any such entry upon the Property and inspection or examination was undertaken. Buyer shall not cause or
permit the imposition of any lien on the Property in connection with its inspections, and if any lien shall be filed against the
Property, Buyer promptly and at its own expense shall cause any such lien to be removed.

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In addition, Buyer
shall defend, indemnify and hold harmless Seller from and against all losses, costs, damages, claims and liabilities arising out
of injury or death to persons, damage to the Property or mechanics' liens arising out of or in connection with Buyer's Due Diligence
Review, Buyer's breach of its obligations under this Section 15(e) or Buyer's or any Permittee's entry upon the Property
unless arising from any pre-existing conditions on the Property not affected or exacerbated by Buyer's or its Permittee's entry
upon the Property, or the negligence or willful misconduct of Seller, Seller's managers, officers, partners, shareholders or members,
as applicable. The provisions of this Section 15(e) shall survive the earlier of the termination of this Agreement or Closing
for a period of 6 months.

(f)     Applications.
Following the Effective Date, Seller shall not make application to any governmental entity for any Approvals or any change in the
zoning, affecting the Real Property, except in each case with Buyer’s advance written consent.

15.     DAMAGE
TO PROPERTY; TAKING.

(a)     Taking.
If the Property or any part thereof is taken or is the subject of a notice of taking by eminent domain prior to the Closing Date,
Seller shall promptly notify Buyer. Within five (5) Business Days after such notice, Buyer shall give notice to Seller (with a
copy to Escrow Holder) that it elects to (a) terminate this Agreement, in which event Escrow Holder shall, upon receipt of Buyer’s
Notice to terminate this Agreement, return the Deposit (less the Independent Contract Consideration) to Buyer and the parties shall
have no further obligations hereunder, or (b) proceed to Closing, in which event Seller shall pay over and assign to Buyer all
awards recovered or recoverable on account of such taking, net of any reasonable costs incurred by Seller in connection therewith.
If Buyer elects to proceed under clause (b) above, Seller shall not compromise, settle, or adjust any claims to such awards without
Buyer’s prior written consent.

(b)     Damage.
Risk of loss up to and including the Closing Date shall be borne by Seller except as expressly set forth herein. In the event of
any material damage to or destruction of the Property or any portion thereof, Buyer may, at its option, by notice to Seller (with
a copy to Escrow Holder) given within five (5) Business Days after Seller notifies Buyer in writing of such damage or destruction
(and if necessary the Closing Date shall be extended to give Buyer the full 5-day period to make such election): (i) terminate
this Agreement, in which event Escrow Holder shall, upon receipt of Buyer’s notice to terminate this Agreement, return the
Deposit (less the Independent Contract Consideration) to Buyer and the parties shall have no further obligations hereunder (except
the indemnity obligations of each party, which shall survive indefinitely and any other obligations set forth herein which expressly
survive the termination of this Agreement), or (ii) proceed under this Agreement with no adjustment of the Purchase Price,
receive any insurance proceeds (including any rent loss insurance applicable to any period on and after the Closing Date) due Seller
as a result of such damage or destruction and assume responsibility for such repair, and Buyer shall receive a credit at Closing
for any deductible amount under said insurance policies and any uninsured or underinsured loss. If Buyer elects (ii) above, Seller
will cooperate with Buyer in obtaining the insurance proceeds and such agreements from Seller’s insurers. If the Property
is not materially damaged, then the parties shall proceed to Closing as provided in clause (ii) above. “Material damage”
and “Materially damaged” means damage (w) resulting in the Property not complying with all legal requirements
applicable to the Property, (x) reasonably exceeding $300,000 or (y) that entitles any tenant of the Property to terminate
its Lease, or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair.

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(c)     Waiver.
Failure of Buyer to timely provide a notice of election in accordance with this Section 15, shall be deemed an election
by Buyer to terminate this Agreement. Seller and Buyer each hereby agree that the provisions of this Section 15 shall
govern the parties’ obligations in the event of any damage or destruction to the Property or the taking of all or any part
of the Real Property and expressly waive any provision of applicable law to the contrary.

16.     SURVIVAL.
All covenants, obligations, representations and warranties and indemnities by the respective parties contained herein are intended
to and shall remain true and correct as of the Closing, shall be deemed to be material, and shall survive the recordation of the
Deed for a period of six (6) months (the “Survival Period”). Any covenants and conditions herein that must be
operative after recordation of the Deed to be effective shall be so operative and shall not be deemed to have been merged in the
Deed.

17.     SUCCESSORS
AND ASSIGNS. The terms, covenants and conditions herein contained shall be binding upon and inure to the benefit
of the successors and assigns of the parties hereto, subject to the limitations on assignment contained herein. Seller shall not
have the right, power, or authority to assign, pledge or mortgage this Agreement or any portion of this Agreement, or to delegate
any duties or obligations arising under this Agreement, voluntarily, involuntarily, or by operation of law. This Agreement and
all rights of Buyer hereunder may be assigned or transferred by Buyer to any entity controlling, controlled by or under common
control with Buyer, in which event all instruments, documents and agreements required to be delivered to the Buyer hereunder shall
be delivered to, and run for the benefit of such entity, and such entity (rather than Buyer) shall execute and deliver any instruments,
documents or agreements required to be executed and delivered by Buyer hereunder; provided, however, that in the event of any such
assignment to an affiliate, the original Buyer hereunder shall remain fully liable and responsible for the performance of Buyer’s
obligations hereunder prior to Closing or if this Agreement terminates following such termination. Buyer may not otherwise assign
this Agreement without the consent of Seller. Buyer shall pay all taxes due and payable with respect to such assignment. Any assignment
by Buyer shall be binding on Seller only to the extent Buyer provides Seller with written intent to so assign, specifically naming
the assignee, no sooner than two (2) Business Days prior to Closing.

18.     NO
THIRD PARTY BENEFITS. This Agreement is made for the sole benefit of the Buyer and Seller and their respective successors
and assigns, and no other person shall have any right or remedy or other legal interest of any kind under or by reason of this
Agreement.

19.     COUNTERPARTS.
This Agreement may be executed in multiple counterparts and shall be valid and binding with the same force and effect as if all
parties had executed the same Agreement. The parties hereby agree that a PDF copy of each party's original signature to this Agreement
delivered by electronic mail shall be effective as such party's signature to this Agreement.

20.     ENTIRE
AGREEMENT; FURTHER ASSURANCES. This Agreement contains all of the covenants, conditions and agreements between the
parties and shall supersede all prior correspondence, agreements and understandings, both verbal and written. The parties intend
that this Agreement constitutes the complete and exclusive statement of its terms and that no extrinsic evidence may be introduced
in any proceeding involving this Agreement.

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The parties each
agree to do, execute, acknowledge and deliver all such further acts, instruments and assurances and to take all such further action
before or after the Closing as shall be necessary or desirable to fully carry out this Agreement and to fully consummate and effect
the transactions contemplated hereby.

21.     ATTORNEYS’
FEES. In the event of any litigation regarding the rights and obligations under this Agreement, the prevailing party
shall be entitled to reasonable attorneys’ fees and court costs, and the right to such fees and costs shall not be limited
by the provisions of Section 11. As used herein, the term "prevailing party" shall mean the party that
has succeeded upon a significant issue in the litigation and achieved a benefit with respect to the claims at issue, taken as a
whole, whether or not damages are actually awarded to such party.

22.     NOTICES.
All notices required or permitted to be given pursuant to the terms hereof shall be in writing and shall be delivered to the applicable
addresses set forth in Section 1 of this Agreement either by (a) certified mail, return receipt requested, in which case
notice shall be deemed delivered upon receipt, (b) for next Business Day delivery by a nationally recognized and reputable messenger
service or overnight courier, in which case notice shall be deemed delivered one (1) Business Day after deposit with such messenger
or courier on or prior to 5:00 p.m., Eastern Time (if deposited after such time, notice shall be deemed given upon receipt of the
notice by the addressee), (c) electronic mail, in which case notice shall be deemed delivered as of the date and time of the entrance
of such electronic mail into the information processing system designated by the recipient’s electronic mail address, with
a copy of such notice sent promptly thereafter in accordance with (a), (b) or (d) of this section, or (d) personal delivery with
receipt acknowledged in writing, in which case notice shall be deemed delivered when received. The notice address for any party
may be changed by written notice to the other party as provided herein.

23.     CONSTRUCTION
OF AGREEMENT. In construing this Agreement, all headings and titles are for the convenience of the parties only
and shall not be considered a part of this Agreement. Whenever required by the context, the singular shall include the plural and
the masculine shall include the feminine and vice versa. This Agreement shall not be construed as if prepared by one of the parties,
but rather according to its fair meaning as a whole, as if both parties had prepared it. All Exhibits attached hereto are incorporated
in this Agreement by reference thereto.

24.     TIME.
Time is of the essence of every provision herein contained. Whenever the date or deadline for any action to be taken is not a Business
Day, the relevant date or deadline shall be the next Business Day.

25.     APPLICABLE
LAW; JURISDICTION AND VENUE. This Agreement shall be governed by the internal laws of the state in which the Real
Property is located. Buyer and Seller submit to the exclusive jurisdiction of the County Court in Burlington County, New Jersey
in respect of any suit or other proceeding brought in connection with or arising out of this Agreement. The provisions of this
Section shall survive the Closing.

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26.     NO
ORAL MODIFICATION OR WAIVER. This Agreement may not be changed or amended orally, but only by an agreement in writing.
No waiver shall be effective hereunder unless given in writing, and waiver shall not be inferred from any conduct of either party.

27.     MARKETING
OF PROPERTY. Unless and until this Agreement is duly terminated pursuant to the terms hereof, Seller shall not enter
into any binding agreements with any party other than Buyer relating to the sale, transfer or other disposition of the Property
or any portion thereof.

28.     BROKERAGE
COMMISSION. Buyer and Seller each represents and warrants to the other that it has not dealt with any third party
other than Brokers in a manner which would obligate the other to pay any brokerage commission, finder’s fee or other compensation
due or payable with respect to the transaction contemplated hereby other than a commission to be paid to Brokers pursuant to a
separate agreement with Seller, which commission shall be paid 100% by Seller pursuant to said agreement, and paid only upon the
Closing of the purchase and sale contemplated hereby. Buyer shall indemnify, defend, and hold Seller harmless from and against
any losses, damages, costs and expenses (including, but not limited to, reasonable attorneys’ fees and costs) incurred by
Seller by reason of any actual or alleged breach or inaccuracy of the Buyer’s representations and warranties contained in
this Section 28. Seller shall indemnify, defend, and hold Buyer harmless from and against any losses, damages, costs
and expenses (including, but not limited to, reasonable attorneys’ fees and costs) incurred by Buyer by reason of any actual
or alleged breach or inaccuracy of Seller’s representations and warranties contained in this Section 28. The provisions
of this Section 28 shall survive the Closing.

29.     Intentionally
deleted.

30.     RECORDATION
NOT PERMITTED. In no event shall this Agreement or any memorandum hereof be recorded in the official or public records
where the Property is located, and any such recordation or attempted recordation shall constitute a default under this Agreement
by the party responsible for such recordation or attempted recordation.

31.     CONFIDENTIALITY.
The parties acknowledge that the transaction described herein is of a confidential nature and shall not be disclosed except to
Buyer’s or Seller’s respective affiliates, officers, directors, principals, members, employees, agents, attorneys,
partners, accountants, lenders or investors (collectively, for purposes of this Section 31, the “Permitted Outside
Parties”) or as required by law. No party shall make any public disclosure of the specific terms of this Agreement, except
as required by law (including SEC regulations and NYSE requirements). In connection with the negotiation of this Agreement and
the preparation for the consummation of the transactions contemplated hereby, each party acknowledges that it will have access
to confidential information relating to the other party. Each party shall treat such information as confidential, preserve the
confidentiality thereof, and not duplicate or use such information, except to Permitted Outside Parties in connection with the
transactions contemplated hereby. Except as required by applicable law, neither party shall issue any press release or make any
statement to the media without the other party’s consent, which consent shall not be unreasonably withheld or delayed. The
provisions of this Section shall survive any termination of this Agreement.

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32.     INFORMATION
AND AUDIT COOPERATION. Seller, its owners and/or other affiliates, as applicable, shall, at Buyer’s expense,
reasonably cooperate with Buyer, Buyer’s designated representative and Buyer’s independent auditor and provide each
access to the books, and records of the Property and all related information regarding the Property, including, without limitation,
three (3) calendar years of any books and records of the Property that qualify, comply with, and can be used in a public offering
(including, without limitation, any filing that Buyer and/or its affiliates might make with the U.S. Securities and Exchange Commission).
At any time on or before Closing, and for a period of up to six (6) months after Closing, within five (5) Business Days of Buyer’s
request, Seller and its owners and/or affiliates, as applicable, shall provide to Buyer a representation letter regarding the books
and records of the Property, in substantially the form of Exhibit I attached hereto (the “Audit Letter”)
(as may be modified for accuracy as circumstances may require), in connection with Buyer's audit of the Property. Buyer hereby
agrees to be solely responsible for Seller's reasonable costs of complying with this section. The provisions of this Section
32 shall survive the Closing.

33.     WAIVER
OF JURY TRIAL. TO THE EXTENTS PERMITTED BY LAW, SELLER AND BUYER HEREBY EXPRESSLY WAIVE THEIR RIGHT TO A TRIAL
BY JURY OF ANY CLAIM (I) ARISING UNDER ANY OF THE DOCUMENTS TO BE EXECUTED AND DELIVERED AT CLOSING, OR (II) CONNECTED WITH OR
RELATED TO THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING. SELLER OR BUYER MAY FILE
AN ORIGINAL OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE FOREGOING WAIVER.

34.     NON-WAIVER.
No waiver of any provision of this Agreement shall be deemed to have been made unless it is expressed in writing and signed by
the party charged with making the waiver. No delay or omission in the exercise of any right or remedy accruing upon a breach of
this Agreement shall impair such right or remedy or be construed as a waiver of such breach. The waiver of any breach of this Agreement
shall not be deemed to be a waiver of any other breach hereof.

35.     SUBORDINATION
AGREEMENTS. Seller shall cooperate with Buyer in delivering subordination agreements in a form requested by Buyer’s
lender for each Lease to the tenants of the Property. After such delivery to the tenants, Sellers shall use commercially reasonable
efforts to assist Buyer in obtaining executed subordination agreements for each Lease prior to Closing. Notwithstanding the foregoing,
Buyer acknowledges that its obligations hereunder is no way conditioned upon Buyer receiving any form of financing, and therefore
the failure of Seller to obtain a subordination agreement for any Lease shall be neither (i) a default by Seller hereunder nor
(ii) the failure of a condition precedent of Buyer’s obligations hereunder.

36.     LIKE
KIND EXCHANGE. Seller may structure the disposition of the Property, as applicable, as a tax-deferred exchange ("Exchange")
pursuant to Section 1031 of the Internal Revenue Code of 1986, as amended, subject to the following terms:

(a)     Seller,
at its option, may assign its right in, and delegate its duties (in part or in whole) under, this Agreement, as well as the transfer
of their interest in the Property, to an exchange accommodator ("Accommodator") selected by Seller, and Seller
may add the Accommodator as an additional party to the escrow created by this Agreement;

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(b)     Accommodator
shall have no liability to Buyer, and Buyer shall hold Accommodator harmless from any claims by Buyer in connection with the Exchange;

(c)     Buyer
agrees to cooperate with Seller, as applicable, in connection with the Exchange, including the execution of documents (including,
but not limited to, escrow instructions and amendments to escrow instructions) therefor;

(d)     Buyer
shall in no way be obligated to pay any escrow costs, brokerage commissions, title charges, survey costs, recording costs or other
charges incurred with respect to Seller's replacement property in the Exchange;

(e)     The
Closing shall not be contingent or otherwise subject to the consummation of the Exchange;

(f)     The
Closing shall occur in accordance with the terms of this Agreement notwithstanding any failure, for any reason, of the consummation
of the Exchange;

(g)     Buyer
shall have no responsibility or liability on account of the Exchange to any third party involved in the Exchange;

(h)     Buyer
shall not be required to make any representations or warranties nor assume any obligations, nor spend any out-of-pocket sum in
connection with the Exchange;

(i)     All
representations, warranties, covenants and indemnification obligations of Seller to Buyer whether set forth in this Agreement or
otherwise existing at law or at equity, shall inure to the benefit of Buyer, notwithstanding the Exchange; and

(j)     All
representations, warranties, covenants and indemnification obligations of Buyer to Seller whether set forth in this Agreement or
otherwise existing at law or at equity, shall inure to the benefit of Seller, notwithstanding the Exchange.

[Signatures appear on following page.]

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IN WITNESS WHEREOF,
the parties hereto have executed one or more copies of this Agreement as a sealed instrument the day and year first above written.

 

	SELLER: 	CD REALTY STOW ROAD ASSOCIATES, LLC, a New Jersey limited liability company
	 	By:  C.D.  Realty  Advisors,  Inc.,  a  New  Jersey corporation, its Manager
	 	 
	 	 
	 	By:/s/ Donald A. Berg
	 	Name:  Donald A. Berg
	 	Title:    President
	  	 
	 	 
	BUYER:	PLYMOUTH INDUSTRIAL REIT, INC., a 
	 	Maryland corporation
	 	 
	 	 
	 	By:     /s/ Pendleton P. White, Jr.
	 	Name:    Pendleton P. White, Jr.
	 	Title:      President

 

 

Signature Page to Purchase and Sale Agreement
and Escrow Instructions

4 Stow Rd, Marlton, NJ

 

    	 

    	 

    

 

The undersigned Escrow Holder hereby joins
in to this Agreement to acknowledge its consent to the terms and provisions of this Agreement.

 

 

	 	COMMONWEALTH LAND Title
	 	INSURANCE Company, Escrow Holder
	 	 	 
	 	 	 
	 	By:	/s/ Richard P. Halfmann 
	 	Name:	Richard P. Halfmann
	 	Title:	Assistant Vice President
	 	Date: 	November 14, 2014

 

 

 

 

Signature Page to Purchase and Sale Agreement
and Escrow Instructions

4 Stow Rd, Marlton, NJ

    	 

    	 

    

EXHIBIT A

LEGAL
DESCRIPTION OF THE LAND

 

 

 

 

 

    	 

    	 

    

EXHIBIT B

DOCUMENTS

		1.	Operating Statements. Operating statements of the Property for the 3 years preceding the
date of this Agreement and the current year-to-date (“Operating Statements”). Copies of all of Seller’s
books and records with respect to the Property will be available for Buyer’s inspection at Seller’s offices.

		2.	Reserved.

		3.	Tax Statements, Tax ID. Copies or a summary of ad valorem tax statements for the current
or most recently available tax period and for the prior 36 months including the Property’s tax identification number(s);
and latest value renditions. Seller's federal tax ID number.

		4.	Insurance. Copies of a loss history and a list of any current claims relating to the Property.

		5.	Budget. Seller’s most recent budget for the Property, including the forthcoming year,
if applicable.

		6.	Service Contracts. A list together with copies of all management, leasing, security, maintenance,
service, supply, equipment rental and other contracts related to the operation of the Property (“Service Contracts”).

		7.	Proceedings. Copies of any documents or materials relating to any current litigation, investigation,
condemnation, or other proceeding pending or threatened against Seller or affecting the Property.

		8.	Tangible Personal Property. A current inventory of all tangible personal property and fixtures
owned by Seller (if any).

		9.	Maintenance Records. All maintenance work orders for the prior 12 months.

		10.	List of Capital Improvements. A list of all capital improvements performed on the Property
within the prior 24 months.

		11.	Reports. Any environmental, geotechnical, soil, drainage reports, assessments, audits and
surveys.

		12.	As-Built Survey; Title Policy. All existing as-built surveys of the Property; and all existing
title policies related to the Property.

		13.	Site Plans. All site plans relating to the Property.

    	B-1

    	 

    

 

		14.	As-Built Plans and Specifications. All as-built construction, architectural, mechanical,
electrical, plumbing, landscaping and grading plans and specifications relating to the Property.

		15.	Permits and Warranties. Copies of all warranties and guaranties (including without limitation
any roof warranty), permits, certificates of occupancy, licenses and other approvals related to the Property.

		16.	General. N/A

		17.	Financial Statements. Copies of financial statements reflecting the operation of the Property
for the prior 2 calendar years, including statements of cash flow and year-end and statements of income, expense, accounts payable
and accounts receivable for the Property for each such year, each prepared in accordance with the methodology customarily employed
by Seller.

		18.	Leases. Copies of all Leases and any amendments thereto.

		19.	Commission Schedule and Agreements. A schedule (“Commission Schedule”)
and copies of all commission agreements related to the Leases or the Property.

		20.	Financial Statements for Tenants. Copies of financial statements for each tenant at the
Property for the prior two years, but only to the extent (i) the tenant is required under the Lease to deliver same and (ii) Seller
actually received same.

 

    	B-2

    	 

    

EXHIBIT C

FORM
OF TENANT ESTOPPEL CERTIFICATE

___________, 2014

The undersigned (“Tenant”),
hereby states, certifies and affirms the following with respect to the possible sale of the Property (as defined below) to Plymouth
Industrial REIT, Inc., a Maryland corporation and its successors and assigns (the “Buyer”), with the knowledge and
intent that the Buyer shall rely hereon:

1.     The
Tenant, as the tenant, and ____________ (“Landlord”), as the landlord, are parties to that certain lease dated ________________
__, ____ (“Original Lease”), whereby the Tenant leased approximately ________ square feet of space (the “Leased
Premises”) in a portion of the Property known as ___________________________________, and more particularly described in
the Original Lease (the “Property”).

2.     The
Original Lease has not been amended or modified in any respect whatsoever except for the amendments or modifications listed on
Exhibit A attached hereto, if any (collectively with the Original Lease, hereinafter referred to as the “Lease”)
and constitutes the complete agreement between the Landlord and the Tenant with respect to the Leased Premises.

3.     The
minimum rent currently payable under the Lease is in the amount of $___________ per month which has been paid through ___________,
2014; and except for the current month, no rent has been paid in advance. Excluding electricity charges, Tenant’s pro rata
share of operating expenses, real estate taxes and other “pass-through” charges [in excess for the amount of such
charges during the base year -DELETE IF NOT APPLICABLE] is __________% and is currently paying $______ per month in additional
rent for estimated “pass through” charges.

4.     Tenant
has no current known claims, counterclaims, defenses or setoffs against Landlord or to the payment of rent or other charges arising
from the Lease or otherwise, nor is Tenant entitled to any tenant improvement allowance or other concession payment from Landlord
or any free rent for any period after the date of this certification except as follows: (state none, if applicable) _______________.

5.     The
Tenant has accepted and is in possession of the Leased Premises. All improvements, alterations and space required to be furnished
by Landlord pursuant to the Lease have been completed, all sums required to be paid by Landlord to Tenant in connection with the
improvements (including, without limitation, any tenant allowance or rebate) have been paid in full, and all other conditions precedent
to the commencement of the term of the Lease have been satisfied.

The term of the Lease commenced on _____________,
____, and the current term is scheduled to expire on _____________, 20__. Except as set forth in the Lease, the Tenant does not
have (i) a right to renew the Lease, or (ii) any option to expand the Leased Premises. Tenant has no right or option to purchase
any part of the Leased Premises or the Property.

    	C-1

    	 

    

 

6.     To Tenant’s
knowledge, there is no event of default nor any fact or circumstance that, with the giving of notice or the passage of time or
both, would constitute an event of default under the Lease by Landlord or Tenant.

7.     Tenant
has paid to Landlord, and Landlord is holding on behalf of Tenant, a security deposit in the amount of $__________________ and
in the form of ____________.

8.     No actions,
whether voluntary or otherwise, are pending against Tenant under the bankruptcy laws of the United States or any state thereof.

9.     The
address of Tenant for receipt of notices is as set forth in the Lease.

10.     Neither
the Lease nor the Leased Premises have been sublet, assigned, mortgaged or encumbered (in whole or in part), except as follows:
(state none, if applicable) ____________.

11.     To
Tenant’s actual knowledge, Tenant has not generated, used, stored, spilled, or disposed of, or released any Hazardous Substances
at, on or in the Leased Premises in violation of any applicable law or which requires a cleanup or remediation or reporting to
a governmental body under any applicable law. “Hazardous Substances” shall not include those materials that are technically
within the definition provided for in the Lease but that are contained in prepackaged office supplies, cleaning materials, or personal
grooming items or other items that are sold for consumer or commercial use and typically used in other similar buildings or space.

12.     This
certification shall be binding upon Tenant and shall inure to the benefit of Landlord, Buyer and any lender (“Lender”)
to Buyer (or to Buyer’s owners), each of the respective successors and assigns of Landlord, Buyer and Lender, and all parties
claiming through or under such persons or any such successor or assign; and Tenant acknowledges that Buyer is purchasing the Property
in reliance on this certification.

IN WITNESS WHEREOF,
the undersigned has caused this Certificate to be duly executed as of the ___ day of ____________, 2014.

TENANT:

______________________, a ____________

 

 

By: ________________________________

Name:

Title:

    	C-2

    	 

    

 

EXHIBIT A TO TENANT ESTOPPEL

[LIST OF AMENDMENTS AND MODIFICATIONS]

    	C-3

    	 

    

EXHIBIT D

FORM OF DEED

 

Prepared by:

 

 

__________________________

_____________, Esquire

 

DEED

 

This Deed is made on______________, 200_ is 

 

BETWEEN

 

_______________________________________________________
, referred to as the Grantor,

(insert name and address)

 

 

AND

 

_______________________________________________________
, referred to as the Grantee,

(insert name and address)

 

The words “Grantor” and “Grantee”
shall mean all Grantors and all Grantees listed above.

 

Transfer of Ownership.
The Grantor grants and conveys (transfers ownership of ) the property described below to the Grantee. This transfer is made for
the sum of _______________ Dollars ($___________). The Grantor acknowledges receipt of this money.

 

Tax Map Reference.
(N.J.S.A. 46:15-1.1) Township of _______, Block No. ____, Lots No. ______________.

 

o
No property tax identification number is available on the date of this Deed. (Check box if applicable.)

 

Property. The property
consists of the land and all the buildings and structures on the land in the Township of ___________, County of ___________ and
State of New Jersey legally described on Exhibit A attached hereto and hereby made a part hereof.

 

Promises by Grantor.
The Grantor promises that the Grantor has done no act to encumber the property, except as set forth on Exhibit B.
This promise is called a “covenant as to grantor’s acts” (N.J.S.A. 46:4-6). This promise means that the Grantor
has not allowed anyone else to obtain any legal rights which affect the property (such as by making a mortgage or allowing a judgment
to be entered against the Grantor).

    	D-4

    	 

    

 

Signatures. The
Grantor signs this Deed as of the date at the top of the first page.

 

 

 

Witnessed by:

 

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

	STATE/COMMONWEALTH OF ________________________ 	:
	 	: SS.
	COUNTY OF ______________________________________	 

:

 

 

 

I CERTIFY that on _________,
200_ ________________________, personally came before me and stated to my satisfaction that (a) he/she is the maker of the attached
deed; (b) he/she executed this deed as his or her own act; and, (c) the full and actual consideration paid or to be paid for the
transfer of title is $_______________. (Such consideration is defined in N.J.S.A. 46:15-5.)

 

 

	RECORD AND RETURN TO:	____________________________________

_______________________

_______________________

_______________________

 

(Print name and title below
signature)

    	D-5

    	 

    

 

EXHIBIT A

 

LEGAL DESCRIPTION

 

 

 

 

    	D-6

    	 

    

EXHIBIT E

BILL
OF SALE AND ASSIGNMENT

FOR VALUABLE CONSIDERATION,
the receipt and sufficiency of which are hereby acknowledged, effective as of the Closing Date, CD REALTY STOW ROAD ASSOCIATES,
LLC, a New Jersey limited liability company (“Seller”), does hereby bargain, sell, grant, assign, transfer,
set over and deliver unto _________________________, LLC, a Delaware limited liability company (“Buyer”),
all of Seller’s right, title and interest in and to all of the Personal Property and the Intangible Property. Seller warrants
and represents that it has good title to the property conveyed hereby, and it has not been pledged, transferred or assigned to
any other person, and Seller is duly authorized to sell and convey the property to Buyer.

Seller shall, at
any time and from time to time, upon the request of Buyer, execute, acknowledge and deliver all such further acts, deeds, assignments,
transfers, conveyances and assurances, and take all such further actions, as shall be necessary or desirable to give effect to
the transactions hereby consummated and to collect and reduce to the possession of Buyer any and all of the interests and assets
hereby transferred to Buyer.

SELLER MAKES NO REPRESENTATIONS
OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE PERSONAL PROPERTY AND THE INTANGIBLE PROPERTY, INCLUDING, WITHOUT LIMITATION,
THE HABITABILITY, CONDITION OR FITNESS THEREOF FOR ANY PARTICULAR USE OR PURPOSE. BUYER AGREES THAT THE PERSONAL PROPERTY
AND INTANGIBLE PROPERTY ARE CONVEYED BY SELLER AND ACCEPTED BY BUYER IN AN "AS IS, WHERE IS" CONDITION,
AND SELLER SPECIFICALLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE.

 

As used herein,
all initially capitalized terms not defined herein shall have the meanings assigned to such terms in that certain Purchase and
Sale Agreement and Escrow Instructions dated as of October __, 2014 between Buyer and Seller (the “Purchase Agreement”).

IN WITNESS WHEREOF,
Seller has executed this Bill of Sale and Assignment as of Closing Date.

CD REALTY STOW ROAD ASSOCIATES,
LLC, a New Jersey limited liability company

 

 

 

By:_______________________________________

Name:

Title:

    	E-7

    	 

    

EXHIBIT F

ASSIGNMENT
AND ASSUMPTION OF LEASES

FOR VALUABLE CONSIDERATION,
the receipt and sufficiency of which are hereby acknowledged, effective as of the Closing Date (as hereinafter defined), CD
REALTY STOW ROAD ASSOCIATES, LLC, a ____________ limited liability company (“Assignor”), does hereby assign,
sell, transfer, set over and deliver to ___________ (“Assignee”), all of the landlord’s right, title and
interest in and to the leases and/or licenses more particularly described on Exhibit A attached hereto and incorporated
herein, all of which are in full force and effect (the “Leases”), together with all guaranties of the Leases
and all unapplied security deposits, prepaid rentals, unapplied cleaning fees and other unapplied deposits paid or deposited by
any tenant thereunder to Assignor, as landlord, or any other person on Assignor’s behalf pursuant to the Leases (together
with any interest which has accrued for the account of the respective tenant). The Leases affect the real property described on
Exhibit B attached hereto and made a part hereof (the “Real Property”).

Assignee hereby
accepts the foregoing assignment and assumes and agrees to perform and observe all of the obligations, covenants, terms and conditions
to be performed or observed by Assignor under the Leases arising from and after the Closing Date.

Assignor hereby
acknowledges that Assignor has retained, and Assignee shall not assume or be responsible for, any of the obligations, covenants,
terms and conditions of the Leases, with respect to obligations to be performed or observed by the landlord thereunder arising
at any time prior to the Closing Date or rights accruing to landlord prior to the Closing Date.

Assignee hereby
acknowledges that Assignee has assumed, and Assignor shall not be responsible for, any of the obligations, covenants, terms and
conditions of the Leases, with respect to obligations to be performed or observed by the landlord thereunder arising at any time
on and after the Closing Date or rights accruing to landlord after the Closing Date.

Assignor hereby
agrees to protect, defend, indemnify Assignee and its successors, assigns, affiliates, directors, officers, employees and partners
of any of them, and hold each of them harmless from any and all claims, liabilities, damages, and penalties and any and all loss,
cost, or expense (including, without limitation, reasonable attorneys’ fees and costs and court costs) incurred by Assignee
incident to, resulting from, or in any way arising out of any failure by Assignor to perform and observe the obligations, covenants,
terms and conditions retained by Assignor hereunder. Assignee hereby agrees to protect, defend, indemnify Assignor and its successors,
assigns, affiliates, directors, officers, employees and partners of any of them and hold each of them harmless from any and all
claims, liabilities, damages, and penalties and any and all loss, costs, or expense (including, without limitation, reasonable
attorneys’ fees and costs and court costs) incurred by the Assignor incident to, resulting from, or in any way arising out
of any failure by Assignee to perform and observe the obligations, covenants, terms and conditions assumed by Assignee hereunder;
provided, however, that to the extent Assignor has delivered tenant security deposits to Assignee and complied with applicable
law, Assignor shall have no further liability for the return of such delivered tenant security deposits. Each of the parties hereto
further agrees, upon notice from the other, to contest any demand, claim, suit, or action

    	 

    	 

    

 

against which each
party has hereinabove agreed to indemnify and hold the other and all such other parties harmless, and to defend any action that
may be brought in connection with any such demand, claim, suit, or action, or with respect to which each party has hereinabove
agreed to hold the other and all such other parties harmless, and to bear all costs and expenses of such contest and defense. The
indemnities set forth herein shall be deemed to be material and shall survive the Closing Date.

Assignor and Assignee
shall, at any time and from time to time, upon the reasonable request of the other, execute, acknowledge and deliver all such further
acts, deeds, assignments, transfers, conveyances, powers of attorney and assurances, and take all such further actions, as shall
be necessary or desirable to give effect to the transactions hereby consummated and to collect and reduce to the possession of
Assignee any and all of the interests and assets hereby transferred to Assignee.

As used herein,
“Closing Date” shall have the meaning assigned to that term in that certain Purchase and Sale Agreement and
Escrow Instructions dated as of October __, 2014, as amended, between Assignor and Assignee.

This Assignment
and Assumption of Leases may be executed in counterparts with the same effect as if all parties hereto had executed the same document.
All counterparts shall be construed together and shall constitute a single Assignment and Assumption of Leases.

[Remainder of page
intentionally blank]

    	 

    	 

    

IN WITNESS WHEREOF,
this Assignment and Assumption of Leases has been executed by Assignor and Assignee and is effective as of the Closing Date.

ASSIGNOR:

CD REALTY STOW ROAD ASSOCIATES,
LLC, a New Jersey limited liability company

 

 

 

By:_______________________________________

Name:

Title:

ASSIGNEE:

__________________________ LLC,

a Delaware limited liability company

 

	 	By:	_______________________
	 	 	_______________________
	 	 	_______________________

    	 

    	 

    

Exhibit A

Leases

    	 

    	 

    

Exhibit B

Legal Description

 

 

    	 

    	 

    

EXHIBIT G

ASSIGNMENT
AND ASSUMPTION OF CONTRACTS

FOR VALUABLE CONSIDERATION,
the receipt and sufficiency of which are hereby acknowledged, effective as of the Closing Date (as hereinafter defined), CD
REALTY STOW ROAD ASSOCIATES, LLC, a ___________ limited liability company (“Assignor”), does hereby assign,
sell, transfer, set over and deliver to _____________________________, LLC, a Delaware limited liability company (“Assignee”),
all of Assignor’s right, title and interest in and to the contracts described on Exhibit A attached hereto and made
a part hereof (the “Approved Contracts”).

Assignee hereby
accepts the foregoing assignment and assumes and agrees to perform and observe all of the obligations, covenants, terms and conditions
to be performed or observed by Assignor under the Approved Contracts arising on and after the Closing Date.

Assignor hereby
acknowledges that Assignor has retained and Assignee shall not assume or be responsible for any of the obligations, covenants,
terms and conditions of the Approved Contracts to be performed or observed by Assignor thereunder arising at any time prior to
the Closing Date.

Assignee hereby
acknowledges that Assignee has assumed and Assignor shall not retain or be responsible for any of the obligations, covenants, terms
and conditions of the Approved Contracts to be performed or observed by Assignee thereunder arising at any time on and after the
Closing Date.

Assignor hereby
agrees to protect, defend, indemnify Assignee and its successors, assigns, affiliates, directors, officers, employees and partners
of any of them, and hold each of them harmless from any and all claims, liabilities, damages, and penalties and any and all loss,
cost or expense (including, without limitation, reasonable attorneys’ fees and court costs) incurred by Assignee incident
to, resulting from, or in any way arising out of any failure by Assignor to perform and observe the obligations, covenants, terms
and conditions retained by Assignor hereunder. Assignee hereby agrees to protect, defend, indemnify Assignor and its successors,
assigns, affiliates, directors, officers, employees and partners of any of them and hold each of them harmless from any and all
claims, liabilities, damages, and penalties and any and all loss, costs, or expense (including, without limitation, reasonable
attorneys’ fees and court costs) incurred by the Assignor incident to, resulting from, or in any way arising out of any failure
by Assignee to perform and observe the obligations, covenants, terms and conditions assumed by Assignee hereunder. Each of the
parties hereto further agrees, upon notice from the other, to contest any demand, claim, suit, or action against which each party
has hereinabove agreed to indemnify and hold the other and all such other parties harmless, and to defend any action that may be
brought in connection with any such demand, claim, suit, or action, or with respect to which each party has hereinabove agreed
to hold the other and all such other parties harmless, and to bear all costs and expenses of such contest and defense. The indemnities
set forth herein shall be deemed to be material and shall survive the Closing Date.

    	G-1

    	 

    

 

Assignor shall,
at any time and from time to time, upon the reasonable request of Assignee, execute, acknowledge and deliver all such further acts,
deeds, assignments, transfers, conveyances, powers of attorney and assurances, and take all such further actions, as shall be reasonably
necessary to give effect to the transactions hereby consummated and to collect and reduce to the possession of Assignee any and
all of the interests and assets hereby transferred to Assignee.

As used herein,
“Closing Date” shall have the meaning assigned to that term in that certain Purchase and Sale Agreement and Escrow
Instructions dated as of November __, 2014, as amended, between Assignor, Assignee and the other parties named therein.

This Assignment
and Assumption of Contracts may be executed in counterparts with the same effect as if all parties hereto had executed the same
document. All counterparts shall be construed together and shall constitute a single Assignment and Assumption of Contracts.

[Remainder of page
intentionally blank]

    	G-2

    	 

    

IN WITNESS WHEREOF,
this Assignment and Assumption of Contracts has been executed by Assignor and Assignee and is effective as of the Closing Date.

ASSIGNOR

CD REALTY STOW ROAD ASSOCIATES,
LLC, a ______________ limited liability company

 

 

By:_______________________________________

Name:

Title:

ASSIGNEE

__________________________ LLC,

a Delaware limited liability company

 

	 	By:	_______________________
	 	 	_______________________
	 	 	_______________________

 

    	G-3

    	 

    

Exhibit A

 

Approved Contracts

    	G-4

    	 

    

EXHIBIT H

SELLER’S
FIRPTA CERTIFICATE

 

To inform [___________________________]
(the “Transferee”) that withholding of tax under Section 1445 of the Internal Revenue Code of 1986, as amended
(“Code”) will not be required by CD REALTY STOW ROAD ASSOCIATES, LLC, a
________ limited liability company (the “Transferor”), the undersigned hereby certifies the following on behalf
of the Transferor:

1.     The
Transferor is not a foreign corporation, foreign partnership, foreign trust, foreign estate or foreign person (as those terms are
defined in the Code and the Income Tax Regulations promulgated thereunder);

2.     The
Transferor is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii);

3.     The
Transferor’s U.S. employer or tax (social security) identification number is __________________; and

4.     The
Transferor’s address is 102 Centre Blvd., Suite H, Marlton NJ 08053.

The 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 penalty 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 the Transferor.

	Dated:  _______________, 2014	
        CD REALTY STOW ROAD ASSOCIATES, LLC, a
        Limited liability company

         

         

        By:___________________________

        Name:

        Title:

         

         

	 	 

 

    	 

    	 

    

EXHIBIT I

AUDIT
LETTER

Marcum LLP

117 Kendrick Street, Suite 800

Needham, MA 02494

[Current Date]

Ladies and Gentlemen:

We are providing this letter in connection
with your audit of the Statement of Revenue over Certain Operating Expenses (“Statement”) of 4 East Stow Road, Marlton,
New Jersey (the “Property”) for the year ended December 31, 201__ for the purpose of expressing an opinion as to whether
the Statement presents fairly, in all material respects, the revenue and certain operating expenses in conformity with the accrual
method of accounting.

Certain representations in this letter
are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve
an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the
judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement.

We confirm, to the actual knowledge of
Donald A. Berg, without imputing or imposing a duty of investigation, the following representations made to you during your audit:

		1.	We have made available to you all financial records and related data.

		2.	There are no:

		a.	Violations or possible violations of laws or regulations, whose effects should be considered for disclosure
in the Statement or as a basis for recording a loss contingency.

		b.	Unasserted claims or assessments that our lawyers have advised us are probable of assertion and must
be disclosed in accordance with FASB Accounting Standards Codification (ASC) 450, Contingencies.

		c.	Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by FASB
ASC 450, Contingencies.

		d.	Material transactions that have not been properly recorded in the accounting records underlying the
Statement.

		e.	Events that have occurred subsequent to the Statement date and through the date of this letter that
would require adjustment to or disclosure in the Statement.

    	I-1

    	 

    

 

		3.	We acknowledge our responsibility for the design and implementation of programs and controls to prevent,
deter and detect fraud. We understand that the term “fraud” includes misstatements arising from fraudulent financial
reporting and misstatements arising from misappropriation of assets.

		4.	We have no knowledge of any fraud or suspected fraud affecting the entity involving:

		a.	Management,

		b.	Employees who have significant roles in internal control over financial reporting, or

		c.	Others where the fraud could have a material effect on the Statement.

		5.	We have no knowledge of any allegations of fraud or suspected fraud affecting the entity received
in communications from employees, former employees, or others.

		6.	We have no knowledge of any officer or director of the Property, or any other person acting under
the direction thereof, having taken any action to fraudulently influence, coerce, manipulate or mislead you during your audit.

		7.	The Property has complied with all aspects of contractual agreements that would have a material effect
on the Statement in the event of noncompliance.

		8.	All income from operating leases is included as revenue in the Statement. No other forms of revenue
are included in the Statement.

Very truly yours,

CD REALTY STOW ROAD ASSOCIATES, LLC,
a ___________ limited liability company

 

 

	 	By:  _______________________
	 	Name: 
	 	Title:  

 

    	I-2

    	 

    

EXHIBIT
J

SELLER’S
CLOSING CERTIFICATE

This Certificate
(“Certificate”) is furnished pursuant to __________ of that certain Purchase and Sale Agreement dated as of
October ___, 2014 (the “Agreement”) by and between _________________, a _________ _________ (“Seller”),
and _____________________, LLC, a Delaware limited liability company (“Buyer”).

Unless otherwise
defined herein, all capitalized terms used herein shall have the meanings ascribed thereto in the Agreement.

The undersigned
hereby certifies that they are familiar with the Agreement, have made such investigations as they have deemed necessary to enable
them to deliver this Certificate and, based thereon, further certifies on behalf of Seller that:

All of the representations
and warranties made by Seller in the Agreement are true and correct in all material respects as of the Closing Date as if made
on and as of the Closing Date, except as noted on the schedule attached hereto.

The foregoing certifications
are made and delivered this ___ day of _________, 2014.

SELLER:

CD REALTY STOW ROAD ASSOCIATES,
LLC,

a New Jersey limited liability company

 

By: __________________________________

Name:

Title:

Date: _____________________

    	 

    	 

    

EXHIBIT
K

EXISTING
CONTRACTS

 

 

		1.	Growth Capital Management (Property Management);

 

		2.	Merit Service Solutions (landscaping and snow removal);

 

		3.	AMS Mechanical Services (HVAC maintenance);

 

		4.	Emergency Response Services (fire alarm monitoring and Testing); and

 

		5.	Flynn Commercial Real Estate (brokerage on vacant space).

    	 

    	 

    

EXHIBIT
L

RENT
ROLL

 

 

    	 

    	 

    

EXHIBIT
M

 

DISCLOSURES

 

 

    	 

    	 

    

 

EXHIBIT
N

 

ROOFTOP
SOLAR LEASE and PPA MODIFICATION TERMS

 

The parties agree that the Rooftop Solar Lease
shall be modified to reflect the following terms:

 

		1.	Revise termination provisions to reflect that there is no termination right on the part of the
Lessee during the Initial Term.

 

		2.	Revise term to provide for two five year option terms (instead of four), with rent to be based
on Fair Market Value.

 

The parties agree that the PPA shall be modified
to revise the Owner's option to purchase to provide that it the purchase price will be based on the Fair Market Value.

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