Document:

Form of Medium-Term Notes, Series K, Notes Linked to 3 Month LIBOR

 Exhibit 4.1 
 [Face of Note] 
 Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
  

			
	CUSIP NO. 94986RMK4	  	 PRINCIPAL AMOUNT:
$                    

	REGISTERED NO.        	  	

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 
 Due Nine Months or More From Date of Issue 
 Notes Linked to 3 Month
LIBOR due December 28, 2022 
 WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws
of the State of Delaware (hereinafter called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered
assigns, the principal sum of                      DOLLARS ($            ) on
December 28, 2022 (the “Stated Maturity Date”) and to pay interest thereon from December 27, 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for quarterly on
March 27, June 27, September 27 and December 27, commencing March 27, 2013 and ending September 27, 2022, and at Maturity (each, an “Interest Payment Date”), at the rate per annum specified below until
the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest next preceding such Interest Payment Date. The Regular Record Date for an Interest Payment Date shall be one Business Day prior to
such Interest Payment Date. If an Interest Payment Date is not a Business Day, interest on this Security shall be payable on the next day that is a Business Day, with the same force and effect as if made on such Interest Payment Date, and without
any interest or other payment with respect to the delay. “Business Day” shall mean a day, other than a Saturday or Sunday, (i) that is neither a legal holiday nor a day on which banking institutions are authorized or required
by law or regulation to close in New York, New York and (ii) that is also a London Banking Day (as defined below). 

 Except as described below for the first Interest Period, on each Interest Payment Date,
interest will be paid for the period commencing on and including the immediately preceding Interest Payment Date and ending on and including the day immediately preceding that Interest Payment Date. This period is referred to as an “Interest
Period.” The first Interest Period will commence on and include December 27, 2012 and end on and include March 26, 2013. Interest on this Security will be computed on the basis of a 360-day year of twelve 30-day months.

 The interest rate on this Security that will apply during the first eight Interest Periods (up to and including the Interest
Period ending December 26, 2014) will be equal to 3.00% per annum. For all Interest Periods commencing on or after December 27, 2014, the interest rate on this Security will be determined by the calculation agent for this Security
(the “Calculation Agent”) and will be equal to 3 month LIBOR on the Determination Date for such Interest Period plus 0.55%, subject to the Maximum Interest Rate. 

The “Determination Date” for an Interest Period commencing on or after December 27, 2014 will be two London Banking
Days prior to the first day of such Interest Period. A “London Banking Day” is any day on which commercial banks and foreign exchange markets settle payments in London. 

“3 month LIBOR” means, for any Determination Date, the arithmetic mean of the offered rates for deposits in U.S. dollars
having a 3 month maturity, commencing on the second London Banking Day immediately following that Determination Date that appear on the Designated LIBOR Page as of 11:00 a.m., London time, on that Determination Date, if at least two
offered rates appear on the Designated LIBOR Page, provided that if the Designated LIBOR Page by its terms provides only for a single rate, that single rate will be used. The “Designated LIBOR Page” means the display on Reuters, or
any successor service, on page LIBOR01, or any other page as may replace that page on that service, for the purpose of displaying the London Interbank rates for U.S. dollars. 
 If (i) fewer than two offered rates appear or (ii) no rate appears and the Designated LIBOR Page by its terms provides only for a single rate, then the Calculation Agent will request the
principal London offices of each of four major banks in the London Interbank market, as selected by the Calculation Agent, to provide the Calculation Agent with its offered quotation for deposits in U.S. dollars for a 3 month period commencing on
the second London Banking Day immediately following that Determination Date to prime banks in the London Interbank market at approximately 11:00 a.m., London time, on that Determination Date and in a principal amount that is representative of a
single transaction in U.S. dollars in that market at that time. If at least two quotations are provided, 3 month LIBOR determined on that Determination Date will be the arithmetic mean of those quotations. 

If fewer than two quotations are provided, 3 month LIBOR will be the arithmetic mean of the rates quoted at approximately 11:00 a.m.
in New York, New York on that Determination Date by three major banks in New York, New York selected by the Calculation Agent for loans in U.S. dollars to leading European banks, having a 3 month maturity and in a principal amount that is
representative of a single transaction in U.S. dollars in that market at that time. 

  
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 If the banks so selected by the Calculation Agent are not quoting as set forth above, 3
month LIBOR on such Determination Date will be determined by the Calculation Agent in a commercially reasonable manner. 
 The
“Maximum Interest Rate” is 5.00% per annum. 
 The Calculation Agent shall, upon the request of a Holder
of this Security, provide the interest rate then in effect and, if determined, the interest rate that will become effective for the next Interest Period. All calculations of the Calculation Agent, in the absence of manifest error, shall be
conclusive for all purposes and binding on the Company and the Holder hereof. The Calculation Agent shall notify the Paying Agent of each determination of the interest applicable to this Security promptly after the determination is made. Wells Fargo
Securities, LLC will initially act as Calculation Agent. The Company may appoint a successor Calculation Agent with the written consent of the Trustee. 
 Any interest not punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less
than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in the Indenture. 
 Payment of interest on this Security will be
made in immediately available funds at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota in such coin or currency of the United States of America as at the time of payment is legal tender for
payment of public and private debts; provided, however, that, at the option of the Company, payment of interest may be paid by check mailed to the Person entitled thereto at such Person’s last address as it appears in the Security Register or
by wire transfer to such account as may have been designated by such Person. Payment of principal of and interest on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for
that purpose in the City of Minneapolis, Minnesota. Notwithstanding the foregoing, for so long as this Security is a Global Security registered in the name of the Depositary, payments of principal and interest on this Security will be made to the
Depositary by wire transfer of immediately available funds. 
 This Security is not subject to redemption at the option of the
Company or, except as set forth in the next sentence, repayment at the option of the Holder hereof prior to December 28, 2022. This Security may be subject to repayment if requested by the authorized representative of a beneficial owner of this
Security as described on the reverse hereof under “Repayment upon Exercise of Survivor’s Option.” This Security is not entitled to any sinking fund. 

 
  

  
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 Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the
certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall
not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 [The remainder of this page
has been left intentionally blank] 

  
 4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 DATED: December 27, 2012 

 

					
	 WELLS FARGO & COMPANY

		
	By: 	 	 
		 	 
		 	Its: 	 	 

 [SEAL] 

 

					
	Attest: 	 	 
		 	 
		 	Its: 	 	 

 TRUSTEE’S CERTIFICATE OF 
 AUTHENTICATION 
 This is one of the Securities of the 

series designated therein described 
 in the
within-mentioned Indenture. 
  

			
	 CITIBANK, N.A.,
 as Trustee

		
	By:	 	 
		 	Authorized Signature
	
	OR
	
	 WELLS FARGO BANK, N.A.,
 as Authenticating Agent for the Trustee

		
	By:	 	 
		 	Authorized Signature

  
 5 

 [Reverse of Note] 
 WELLS FARGO & COMPANY 
 MEDIUM-TERM NOTE, SERIES K

 Due Nine Months or More From Date of Issue 
 Notes Linked to 3 Month LIBOR due December 28, 2022 
 This Security is
one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to
time (herein called the “Indenture”), between the Company and Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as
applicable, of $25,000,000,000 or the equivalent thereof in one or more foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or
currency-based indices, exchange traded funds, securities, commodities, currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at
a fixed rate or a floating rate. The Securities of this series may mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different
currencies. 
 Article Sixteen of the Indenture shall not apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented by one
or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities issued to and registered in the names of, the beneficial owners or their nominees. 

The Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of
interest against a Holder of this Security. 
 Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also contains 

  
 6 

 provisions permitting the Holders of a majority in principal amount of the Securities of all series at the
time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain past defaults
under the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series. Any
such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon this Security. 
 Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture,
relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein, shall not
apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Repayment upon Exercise of Survivor’s Option 

The Company has agreed to repay beneficial ownership interests in this Security, if requested by the authorized representative of the
beneficial owner of such beneficial ownership interest following the death of the beneficial owner, so long as the beneficial ownership interest in this Security was acquired by the beneficial owner at least six months prior to the request (the
“Survivor’s Option”). 
 Upon the valid exercise of the Survivor’s Option and the proper tender of a
beneficial ownership interest in this Security for repayment, the Company will repay such beneficial ownership interest in this Security, in whole or in part, at a price equal to 100% of the principal amount of the deceased beneficial owner’s
beneficial interest in this Security, plus any accrued and unpaid interest to the date of repayment. 
 To be valid, the
Survivor’s Option must be exercised by or on behalf of the Person who has authority to act on behalf of a deceased beneficial owner of this Security under the laws of the applicable jurisdiction (including, without limitation, the personal
representative of or the executor of the estate of the deceased beneficial owner or the surviving joint owner with the deceased beneficial owner). 
 A beneficial owner of this Security is a Person who has the right, immediately prior to such Person’s death, to receive the proceeds from the disposition of such beneficial owner’s interest in
this Security, as well as the right to receive the principal amount of the deceased beneficial owner’s interest in this Security plus any accrued and unpaid interest thereon. 

  
 7 

 The death of a Person holding a beneficial ownership interest in this Security as a joint
tenant or tenant by the entirety with another Person, or as a tenant in common with the deceased holder’s spouse, will be deemed the death of a beneficial owner of that beneficial ownership interest in this Security, and the entire principal
amount of the deceased beneficial owner’s interest in this Security held in this manner will be subject to repayment by the Company upon exercise of the Survivor’s Option. However, the death of a Person holding a beneficial ownership
interest in this Security as tenant in common with a Person other than such deceased holder’s spouse will be deemed the death of a beneficial owner only with respect to such deceased Person’s interest in this Security, and only the
deceased beneficial owner’s percentage interest in that beneficial ownership interest in the principal amount of this Security will be subject to repayment. 
 The death of a Person who, during his or her lifetime, was entitled to substantially all of the beneficial ownership interests in this Security will be deemed the death of the beneficial owner of this
Security for purposes of the Survivor’s Option, regardless of whether that beneficial owner was the registered holder of this Security, if the beneficial ownership interest can be established to the satisfaction of the Paying Agent. A
beneficial ownership interest will be deemed to exist in typical cases of nominee ownership, ownership under the Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, community property, or other joint ownership arrangements between a
husband and wife. In addition, the beneficial ownership interest in this Security will be deemed to exist in custodial and trust arrangements where one Person has all of the beneficial ownership interest in this Security during his or her lifetime.
In the case of a joint trust, the joint tenant rules above will apply to the respective beneficial ownership interests. 
 The
Company has the discretionary right to limit the aggregate principal amount of this Security as to which exercises of the Survivor’s Option will be accepted by the Company from the authorized representative for any individual deceased
beneficial owner of this Security in any calendar year to $250,000. In addition, the Company will not permit the exercise of the Survivor’s Option for any portion of this Security with a principal amount of less than $1,000, and the Company
will not permit the exercise of the Survivor’s Option if such exercise will result in this Security having a principal amount that is not an integral multiple of $1,000. 
 An otherwise valid election to exercise the Survivor’s Option may not be withdrawn. An election to exercise the Survivor’s Option will be accepted in the order that it was received by the Paying
Agent, except for any beneficial ownership interest in this Security the acceptance of which would contravene the limitation described above. Beneficial ownership interests in this Security accepted for repayment through the exercise of the
Survivor’s Option normally will be repaid on the first Interest Payment Date that occurs 20 or more calendar days after the date of the acceptance. Each tendered beneficial ownership interest in this Security that is not accepted in a calendar
year due to the application of the limitation described in the preceding paragraph will be deemed to be tendered in the following calendar year in the order in which all such beneficial interests were originally tendered. If a beneficial ownership
interest in this Security tendered through a valid exercise of the Survivor’s Option is not accepted, the Paying Agent will deliver a notice by first-class mail to the registered holder, at that registered holder’s last known address as
indicated in the Security Register, that states the reason that the beneficial ownership interest in this Security has not been accepted for repayment. 

  
 8 

 Since this Security is a Global Security, DTC, as depository, or its nominee will be treated
as the holder of this Security and will be the only entity that can exercise the Survivor’s Option. To obtain repayment of this Security pursuant to exercise of the Survivor’s Option, the deceased beneficial owner’s authorized
representative must provide the following items to the broker or other entity through which the beneficial interest in this Security is held by the deceased beneficial owner: 

 

	 	•	appropriate evidence satisfactory to the Paying Agent that: 

  

	 	(a)	the deceased was a beneficial owner of this Security at the time of death and his or her interest in this Security was acquired by the deceased beneficial owner at
least six months prior to the request for repayment, 

  

	 	(b)	the death of the beneficial owner has occurred and the date of death, and 

  

	 	(c)	the representative has authority to act on behalf of the deceased beneficial owner; 

 

	 	•	if the beneficial interest in this Security is held by a nominee or trustee of, or custodian for, or other Person in a similar capacity to, the deceased beneficial
owner, a certificate satisfactory to the Paying Agent from the nominee, trustee, custodian or similar Person attesting to the deceased’s beneficial ownership in this Security; 

 

	 	•	a written request for repayment signed by the authorized representative of the deceased beneficial owner with the signature guaranteed by a member firm of a registered
national securities exchange or of the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company having an office or correspondent in the United States; 

 

	 	•	if applicable, a properly executed assignment or endorsement; 

  

	 	•	tax waivers and any other instruments or documents that the Paying Agent reasonably requires in order to establish the validity of the beneficial ownership in this
Security and the claimant’s entitlement to payment; and 

  

	 	•	any additional information the Paying Agent requires to evidence satisfaction of any conditions to the exercise of the Survivor’s Option or to document beneficial
ownership or authority to make the election and to cause the repayment of this Security. 

 In turn, the broker or other entity
will deliver each of these items to the Paying Agent and will certify to the Paying Agent that the broker or other entity represents the deceased beneficial owner. 
 The Company retains the right to limit the aggregate principal amount of this Security as to which exercises of the Survivor’s Option will be accepted by the Company from the authorized
representative for any individual deceased beneficial owner in this Security in any calendar year as described above. All other questions regarding the eligibility or validity of any 

  
 9 

 
exercise of the Survivor’s Option will be determined by the Paying Agent, in its sole discretion, which determination will be final and binding on all parties. 

The broker or other entity will be responsible for disbursing payments received from the Paying Agent to the authorized representative.
Forms for the exercise of the Survivor’s Option may be obtained from the Paying Agent. 
 Registration of Transfer

 Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City
of Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange herefor, as provided in
the Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith. 

This Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that it
is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within
90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form and notifies the
Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for definitive Securities
in registered form, bearing interest at the same rate, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

This Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global Security will
not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 
 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered
as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 Obligation of the Company Absolute 
 No reference herein to the
Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the
coin or currency, herein prescribed, except as otherwise provided in this Security. 

  
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 No Personal Recourse 
 No recourse shall be had for the payment of the principal of or the interest on this Security, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or
any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

Defined Terms 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture unless
otherwise defined in this Security. 
 Governing Law 
 This Security shall be governed by and construed in accordance with the law of the State of New York, without regard to principles of conflicts of laws. 

  
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 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations: 
  

					
	TEN COM	  	—  	  	as tenants in common
	TEN ENT	  	—  	  	as tenants by the entireties
	JT TEN	  	—  	  	as joint tenants with right of survivorship and not as tenants in common

  

							
	 UNIF GIFT MIN ACT —
	 	 	 	Custodian	  	 
		 	(Cust)	 		  	(Minor)

  

	
	Under Uniform Gifts to Minors Act
	
	  
	(State)

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

 

			
	Please Insert Social Security or	  	
	Other Identifying Number of Assignee	  	
		
	 	  	
	
	 
	
	 
	
	 

 (PLEASE PRINT OR TYPE NAME
AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE) 

  
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 the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and appoint
                     attorney to transfer the said Security on the books of the Company, with full power of substitution in the premises. 

 

									
	Dated: 	 	 	 		 		 	
					
		 		 		 		 	 
					
		 		 		 		 	 

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument
in every particular, without alteration or enlargement or any change whatever. 

  
 13Purchase and Sale Agreement

 Exhibit 10.1 
 PURCHASE AND SALE AGREEMENT 
 THIS PURCHASE AND SALE
AGREEMENT is made and entered into effective as of February 10, 2012, by and between PARKSIDE/GRAND RESERVE, LTD., a Texas limited partnership (“Seller”), and TRINSIC ACQUISITION COMPANY, LLC, a Delaware limited
liability company (“Buyer”). 
 WHEREAS, Seller is the owner of the Property (as such term is
defined below); and 
 WHEREAS, Seller desires to sell the Property to Buyer, and Buyer desires to purchase the
Property from Seller, on the terms and conditions set forth in this Agreement. 
 1. Definitions. The
following terms shall have the following meanings when used in this Agreement: 
 “Agreement”
shall mean this Purchase and Sale Agreement, including all exhibits attached hereto. 

“Amendment” has the meaning set forth in Section 6.3. 

“Broker” has the meaning set forth in Section 12. 

“Business Day” shall mean a day other than a Saturday, Sunday or day on which banking institutions in
the City of Houston, State of Texas are authorized or required by law or executive order to be closed. 

“Buyer’s Additional Objections” has the meaning set forth in Section 6.3. 

“Buyer’s Objections” has the meaning set forth in Section 6.1. 

“Cash” shall mean United States currency represented by cash in hand, certified or cashier’s check,
wire transfer or other readily available funds. 
 “Closing” or “Close of
Escrow” shall mean the consummation of the Transaction, as evidenced by the delivery of all required funds and documents to Escrow Agent. 
 “Closing Date” shall mean 30 days after the expiration of the Inspection Period subject to extension as provided below. 

“Earnest Money Deposit” shall mean the funds deposited by Buyer with Escrow Agent pursuant to
Section 3 or Section 7.1, together with all accrued interest thereon. 

“Escrow” shall mean the escrow created pursuant to the Escrow Instructions, if required, and this
Agreement. 
 “Escrow Agent” shall mean Republic Title of Texas, Inc. 

 “Escrow Instructions” shall mean the printed form escrow
instructions to Escrow Agent, prepared by Escrow Agent, to be executed by Seller and Buyer and delivered to Escrow Agent pursuant to Section 5, if required by Escrow Agent. 

“Initial Earnest Money Deposit” has the meaning set forth in Section 3.1. 

“Inspection” has the meaning set forth in Section 6.5. 

“Inspection Period” has the meaning set forth in Section 6.6. 

“Opening of Escrow” shall mean the date of delivery to and acceptance by Escrow Agent of a fully
executed original of this Agreement, a fully executed original of the Escrow Instructions, if required by Escrow Agent, and the Initial Earnest Money Deposit. 
 “Permitted Exceptions” shall mean all matters affecting title to the Property approved, deemed approved or waived by Buyer in accordance with Sections 6.1, 6.2 and
6.3. 
 “Personal Property” shall mean all of Seller’s right, title and interest,
if any, in and to (i) all licenses, permits and other approvals issued by any governmental or quasi-governmental authority pertaining to the Property; (ii) all plans and specifications, engineering and other reports and surveys pertaining
to the Property; and (iii) all other items of tangible and intangible personal property used in connection with the Property. 
 “Planned Development” shall mean Buyer’s plans to construct 320 multi-family units on the Property. Seller and Buyer agree that the Planned Development will not consist of more than
340 multi-family units. To the extent that any owner’s association or review committee approvals are required in connection with Purchaser’s proposed development (“Approvals”), Buyer may prior to the expiration of the
Inspection Period deliver any necessary preliminary plans or information to such parties in order to obtain such approvals (the “Preliminary Plans”) for the proposed improvements to be built by Buyer on the Property (the
“Improvements”). Following delivery of the Preliminary Plans, Seller shall reasonably assist and cooperate with Buyer to cause such parties to either approve same or state the specific item(s) thereof which are disapproves and the
reason(s) therefor. Purchaser’s receipt of such Approvals shall be a condition to Closing, and Seller shall reasonably cooperate with Purchaser to assist in obtaining such Approvals. 

“Property” shall mean the approximately 14.45 acres of real property located on Grand Corner Drive in
Fort Bend County, Texas, more particularly described on Exhibit A attached hereto, together with all right, title and interest, if any, of Seller in and to all strips and gores and any land lying in the bed of any street, road or avenue,
opened or proposed, in front of or adjoining the Property, and any real property owned, claimed or fenced by Seller which adjoins the Property, and all right, title, and interest of Seller in and to any unpaid award made or to be made for the taking
by condemnation or otherwise, for public or quasi-public use or purpose of such right, title or interest and any unpaid award for damage to any or all of the Property by reason of change of grade of any such street, road or avenue; and all water,
air and mineral rights (including any grandfathered groundwater or other groundwater or surface water rights), and all easements, right-of-way, privileges, licenses (written or oral), and all appurtenances thereto; and all Personal Property;
together with Seller’s right, title and interest in and to adjacent streets, 

  
 2 

 
alleys, and rights-of-way. The legal description of the Property on the Survey or the Updated Survey shall take the place of Exhibit A attached hereto if such Survey legal description
differs from that contained on such exhibits. 
 “Purchase Price” shall mean the total purchase
price to be paid by Buyer for the Property, as set forth in Section 3. 
 “Survey”
has the meaning set forth in Section 6.2. 
 “Survey Objections” has the meaning
set forth in Section 6.2. 
 “Title Commitment” has the meaning set forth in
Section 6.1. 
 “Title Company” shall mean Republic Title of Texas, Inc.

 “Transaction” shall mean the purchase and sale contemplated by this Agreement. 

“Updated Survey” has the meaning set forth in Section 6.2. 

“1445 Affidavit” has the meaning set forth in Section 7.2(b). 

2. Definitive Agreement for Purchase and Sale of Property. Upon full execution, this Agreement shall be a binding
agreement between Buyer and Seller for the purchase and sale of the Property on the terms, conditions and provisions set forth in this Agreement. This Agreement supersedes all other written or oral agreements between Buyer and Seller concerning the
Transaction. 
 3. Purchase Price and Method of Payment; Earnest Money. The Purchase Price for the
Property payable by Buyer to Seller shall be an amount equal to $3,147,210 and shall be payable as follows: 

3.1 Earnest Money Deposit of $50,000 (the “Initial Earnest Money Deposit”), in Cash, to be deposited by
Buyer with Escrow Agent on or prior to three Business Days following the delivery to Escrow Agent of fully executed originals of this Agreement; 
 3.2 $50,000, in Cash, as an additional Earnest Money Deposit, to be deposited by Buyer with Escrow Agent on prior to three Business Days following the expiration of the Inspection Period, if Buyer has not
previously terminated this Agreement; and 
 3.3 the amount equal to the total Purchase Price less the Earnest
Money Deposit to be paid by Buyer to Seller, in Cash, at the Closing. 

  
 3 

 4. Disposition of Earnest Money Deposit. Seller and Buyer hereby
instruct Escrow Agent to place the Earnest Money Deposit in a federally-insured interest-bearing account, subject to immediate withdrawal. Seller and Buyer agree that the Earnest Money Deposit shall be applied as follows and hereby instruct Escrow
Agent to apply the Earnest Money Deposit as follows: 
 4.1 In the event the Transaction is consummated, the
Earnest Money Deposit shall be applied against the Purchase Price; 
 4.2 In the event the Transaction is not
consummated due to Seller’s failure to perform all of Seller’s obligations under this Agreement or due to Buyer’s cancellation of this Agreement pursuant to the provisions of Section 6, 14 or 15 or due to the
failure of any of Buyer’s other conditions precedent set forth herein and Buyer’s subsequent termination of this Agreement, the Earnest Money Deposit shall be paid and delivered immediately to Buyer; and 

4.3 In the event the Transaction is not consummated due to Buyer’s failure to perform all of Buyer’s
obligations under this Agreement, the Earnest Money Deposit shall be paid and delivered to Seller as Seller’s total liquidated damages, Seller and Buyer hereby agreeing that it would be impracticable and extremely difficult to fix the amount of
Seller’s actual damages and further agreeing that the Earnest Money Deposit is a reasonable estimate of the amount Seller might be damaged as a result of Buyer’s failure to perform hereunder. 

5. Escrow Instructions. Contemporaneously with the execution of this Agreement, and if required by Escrow Agent,
Seller and Buyer shall execute and deliver the Escrow Instructions to Escrow Agent. In the event of any conflict or inconsistency between any provision of the Escrow Instructions and any provision of this Agreement or any other instrument or
document executed or delivered pursuant to this Agreement, the provision of this Agreement or such other instrument or document shall control. 
 6. Preliminary Title Commitment and Objections; Survey; Title Insurance Policy; Inspection. 
 6.1 Preliminary Title Commitment and Objections. Within 10 days after Opening of Escrow, Escrow Agent shall issue and deliver to Buyer and Seller a preliminary title commitment from Title Company
with respect to the Property disclosing all matters of record and other matters of which Title Company has knowledge which relate to the title to the Property and Escrow Agent’s and Title Company’s requirements for closing the Escrow and
issuing a TLTA extended coverage owner’s policy of title insurance with respect to the Property, together with legible copies of all instruments referred to therein (collectively, the “Title Commitment”). Buyer shall have until
the expiration of the Inspection Period in which to object, in writing, to any easements, liens, encumbrances or other exceptions or requirements in the Title Commitment (except for real property taxes and assessments not due and payable which may
constitute a lien on the Property) (“Buyer’s Objections”). If Buyer fails to object timely, then the Title Commitment shall be deemed approved by Buyer, and Buyer shall be deemed to have elected to proceed with the Transaction
on the terms and conditions of this Agreement. If Buyer’s Objections are timely made, Seller, within 10 days after receipt of Buyer’s Objections shall, in Seller’s sole discretion: (i) notify Buyer in writing that Seller will
attempt to cure the matters covered by Buyer’s Objections within 30 days after Buyer’s receipt of Seller’s notice; or (ii) notify Buyer in writing that Seller cannot or elects not to cure Buyer’s Objections. Notwithstanding
anything to the contrary contained in this Agreement, Seller shall pay all monetary liens and encumbrances prior to the Closing and Buyer shall have no obligation to object thereto. If Seller fails or elects not to cure an objection under this
Section 6.1, then Buyer, 

  
 4 

 
as its sole and exclusive right and remedy (all other rights and remedies in such event being waived by Buyer), shall have the right to either: 

(a) waive such objection and purchase the Property subject thereto without reduction of the Purchase Price; or

 (b) terminate this Agreement by notifying Seller thereof within 5 days after Seller notifies Buyer of
Seller’s inability or election not to cure such objection. If Buyer does not so timely provide a waiver notice of Buyer’s termination right, Buyer shall be deemed to have elected to have waived such objection. 

6.2 Survey. Within 10 days after Opening of Escrow, Seller, at Seller’s expense, shall deliver to Buyer
Seller’s existing survey, which shows the Property as a separate tract (the “Survey”). Buyer may, at Buyer’s sole cost and expense, obtain a further update to the Survey (such new or updated survey, the “Updated
Survey”). Buyer shall have until the expiration of the Inspection Period in which to object, in writing, to the boundaries and legal description of the Property and all easements, encroachments, improvements and other matters shown on the
Survey or the Updated Survey (the “Survey Objections”). If Buyer fails to object timely, then the legal description and the boundaries of the Property, the Property’s easements, encroachments, improvements as reflected on the
Survey and all other matters reflected on the Survey shall be deemed approved by Buyer, and Buyer shall be deemed to have elected to proceed with the Transaction on the terms and conditions of this Agreement. If the Survey Objections are timely
made, Seller, within five days after receipt of the Survey Objections in writing, shall, in Seller’s sole discretion: (i) notify Buyer that Seller will attempt to cure the matters covered by the Survey Objections within 30 days after
Buyer’s receipt of Seller’s notice; or (ii) notify Buyer that Seller elects not to cure the Survey Objections. If Seller fails or elects not to cure an objection under this Section 6.2, then Buyer, as its sole and exclusive right
and remedy (all other rights and remedies in such event being waived by Buyer), shall have the right to either: 

(a) waive such objection and purchase the Property subject thereto without reduction of the Purchase Price; or

 (b) terminate this Agreement by notifying Seller thereof within 5 days after Seller notifies Buyer of
Seller’s inability or election not to cure such objection. If Buyer does not so timely provide a waiver notice of Buyer’s termination right, Buyer shall be deemed to have elected to have waived such objection. 

6.3 Amendments to Title Commitment and Objections. If the Title Commitment is amended by Title Company, Escrow
Agent shall deliver to Buyer and Seller the amendment, together with legible copies of all additional instruments referred to therein (collectively, the “Amendment”). Buyer shall have until the later of the Inspection Period or the
tenth Business Day following Buyer’s receipt of the Amendment in which to object, in writing, to any easements, encumbrances, or other exceptions or requirements shown on the Amendment which were not disclosed by the applicable Title Commitment
or a previous Amendment (collectively, “Buyer’s Additional Objections”). If Buyer fails to object within the applicable time period, then the condition of title to the Property reflected on the Amendment shall be

  
 5 

 
deemed approved by Buyer and Buyer shall be deemed to have elected to proceed with the Transaction on the terms and conditions of this Agreement. If Buyer’s Additional Objections are timely
made, Seller, within 10 days after receipt of Buyer’s Additional Objections in writing, shall, in Seller’s sole discretion, either: (a) notify Buyer in writing that Seller will attempt to cure the matters covered by Buyer’s
Additional Objections on or before the earlier of the date 30 days after Buyer’s receipt of Seller’s notice or the Close of Escrow; or (b) notify Buyer that Seller elects not to cure Buyer’s Additional Objections. If Seller is
unable or unwilling to timely cure the matters covered by Buyer’s Additional Objections upon terms acceptable to Buyer in Buyer’s sole and absolute discretion, Seller, in writing prior to the applicable deadline, shall notify Buyer, and
Buyer, within 10 days from receipt of Seller’s notice, shall either (i) waive such of Buyer’s Additional Objections as Seller shall have been unable or unwilling to cure or (ii) cancel this Agreement. If Buyer does not provide
its election notice timely, then Buyer shall be deemed to have waived such uncured Buyer’s Additional Objections and to have elected to proceed with the Transaction on the terms and conditions of this Agreement. 

6.4 Title Insurance Policy. At the Close of Escrow, Title Company shall commit to issue to and in favor of Buyer
an extended coverage owner’s policy of title insurance with respect to the Property in the amount of the Purchase Price, effective on the date of the Close of Escrow, insuring fee simple title to the Property in Buyer subject only to the
Permitted Exceptions and together with such endorsements as Buyer may reasonably request. 
 6.5
Inspection. Buyer, with the reasonable cooperation of Seller, at Buyer’s expense, has the right to inspect, test, analyze, study and evaluate the Property, otherwise investigate the feasibility and desirability of acquiring the Property
from Seller and complete any studies of the Property as Buyer may desire (collectively and individually, “Inspection”). During the Inspection Period, Buyer will utilize commercially reasonable efforts to submit the Preliminary Plans
to the Architectural Review Committee of the Grand Lakes Association within 120 days of the Opening of Escrow, and keep Seller reasonably appraised as to the status thereof. Copies of all Inspections (which are from third parties and not
confidential) are to be delivered to Seller by Buyer if Buyer terminates this Agreement. Further, Buyer shall not under any circumstances divulge any of the Inspection results or data to third parties (other than Buyer’s principals, advisors,
owners, investors, lenders, attorneys, consultants, employees and agents) without Seller’s prior written consent. Seller shall provide to Buyer, within 10 days after the Opening of Escrow, all reports and information concerning the Property in
Seller’s possession or reasonably available to Seller, including but not limited to engineering studies, environmental investigations, traffic, water well investigations, architectural guidelines, topographical and soils reports and studies,
zoning, land use entitlements, ad valorem property tax bills for the current and prior year and any other written agreements impacting the operation and maintenance of the Property (collectively, “Seller’s Information”). Seller hereby
grants to Buyer and Buyer’s agents, employees and contractors a non-exclusive right and license to enter upon the Property to conduct the Inspection, provided that prior to any entry upon the Property by Buyer, Buyer’s agents, employees
and contractors, Buyer shall provide to Seller and insurance certificate reflecting liability insurance coverage of Buyer, its agents, employees and contractors of not less than $1,000,000.00. Upon completion of each Inspection, Buyer shall restore
the property inspected to its condition prior to the Inspection. Buyer hereby indemnifies and defends Seller against, and agrees to hold Seller harmless for, from and against all claims, costs, fees (including witness and attorneys’ fees),
expenses, loss, damage and liability of any kind that may be 

  
 6 

 
asserted against or incurred by Seller as a result of the Inspection; provided, however, the indemnity shall not extend (a) to protect Seller from any pre-existing liabilities for matters
merely discovered by Buyer (i.e., latent environmental contamination) or (b) to the extent any claims, costs, fees, expenses, loss, damage or liability are attributable to the action or inaction of Seller or its agents or employees.

 6.6 Inspection Period. Buyer shall have until 5:00 p.m. 150 days after the Opening of Escrow (the
“Inspection Period”) in which to complete the Inspection. If, based upon the Inspection, Buyer determines that Buyer, in its sole discretion, does not wish to proceed with the Transaction, Buyer, in writing to Seller, given prior to
the expiration of the Inspection Period, may cancel this Agreement. If Buyer does not timely cancel this Agreement pursuant to this Section 6.6, then Buyer shall be deemed to have approved the Inspection and to have elected to proceed
with the Transaction on the terms and conditions of this Agreement. 
 6.7 Entitlements. Buyer, at
Buyer’s cost and expense, may cause applicable governmental authorities to grant and adopt zoning, site plan and other permits and approvals for Buyer’s proposed development and use of the Property as a multifamily housing community
provided that no such approvals are binding on the Property prior to Closing, and provided that any such permits and approvals shall be terminated by Buyer if this Agreement is terminated. Seller shall reasonably cooperate with Buyer (at no expense
to Seller) with respect to any proposed applications for the same (provided that the same shall not encumber the Property or be binding on Seller prior to Closing). 

6.8 Utilities. Within 60 days after the Effective Date, Buyer shall provide to Seller with the amount of
equivalent service units needed for both water and sewer service for Buyer’s Planned Development, not to exceed 40,000 gallons per day (the “Required Capacity”). The engineer for Grand Lakes MUD 4 shall verify Buyer’s
requested equivalent service units for both water and sewer and the parties shall work to agree on the number of units that Seller shall assign to Buyer at Closing, prior to the expiration of the Inspection Period. If the parties agree to the number
of equivalent service units for the Planned Development, Seller shall assign that amount to Buyer from Seller’s reserved capacity at Closing by a limited assignment of utility capacity to be signed by the parties at Closing and approved by
Grand Lakes MUD 4. It shall be Buyer’s responsibility to verify adequate utility service is available to the Property, including but not limited to water, sewer, storm sewer, detention, electricity and gas for Buyer’s Planned Development.

 7. Closing. 
 7.1 Time and Place. The Closing shall take place on the Closing Date in the offices of Escrow Agent. Buyer may extend the Closing Date for up to two additional periods as set forth below by
notifying Seller at least two Business Days prior to the then scheduled date for Closing and depositing with Title Company additional Earnest Money as set forth below: 
  

					
	
        Extension        

 
	  	 Length of
Extension
  
	  	
Additional Earnest Money

 

	 1
	  	 30 days
	  	 $25,000

	
2
	  	30 days	  	$25,000

  
 7 

 7.2 Seller’s Closing Deliveries. At the Closing, Seller shall
deliver to Escrow Agent: 
 (a) Special Warranty Deed in substantially the form of Exhibit
B, fully executed and properly acknowledged by Seller, conveying to Buyer the Property, subject only to the Permitted Exceptions, “AS IS, WHERE IS” and negating any warranties, express or implied, including but not limited to any
warranties as to condition, fitness, suitability or merchantability, except for the special warranty of title; 
 (b) Affidavit in a form and having the substance mutually acceptable to Buyer and Seller, fully executed and properly acknowledged by Seller, as required by Internal Revenue Code Section 1445(b)(2)
(the “1445 Affidavit”); 
 (c) A Bill of Sale in the form of Exhibit C,
fully executed by Seller, assigning and transferring to Buyer all of Seller’s right, title and interest in and to the Personal Property; 
 (d) Certificate executed by Seller stating that, as of the Closing Date, each of Seller’s representations and warranties set forth herein is true and correct; 

(e) Limited Assignment of Utility Capacity, executed by Seller, assigning and transferring to Buyer the
amount of sewer and water capacity for Buyer’s Planned Development, in an amount approved by Seller and Grand Lakes MUD 4 during the Inspection Period, not to exceed the Required Capacity; 

(f) Notice of Deed Restrictions; 

(g) Notice of Municipal Utility District; 

(h) Originals or, if originals are not available, true and correct copies of all records and files
pertaining to the Property and in Seller’s possession or reasonable control; and 
 (i)
Such other funds, instruments or documents as may be reasonably requested by Escrow Agent or reasonably necessary to effect or carry out the purposes of this Agreement. 

7.3 Buyer’s Closing Deliveries. At the Closing, Buyer shall deliver to Escrow Agent: 

(a) The funds required pursuant to Sections 3, 7.1, 7.5 and 7.6 of this
Agreement; 

  
 8 

 (b) Bill of Sale in the form of Exhibit C, fully
executed by Buyer, assuming all of Seller’s right, title and interest in and to the Personal Property; 
 (c) Limited Assignment of Utility Capacity, executed by Buyer, assigning and transferring to Buyer the amount of sewer and water capacity for Buyer’s Planned Development, in an amount approved by
Seller and Grand Lakes MUD 4 during the Inspection Period, not to exceed the Required Capacity; 
 (d) Notice of Deed Restrictions; 
 (e) Notice of
Municipal Utility District; 
 (f) Such other funds, instruments or documents as may be
reasonably requested by Escrow Agent, or necessary, to effect or carry out the purposes of this Agreement; and 
 (g) Copies of all of Buyer’s Inspection reports. 
 7.4
Escrow Agent’s Duties. At the Closing, Escrow Agent shall: (i) record the Special Warranty Deed in the Official Real Property Records; (ii) disburse all funds in accordance with a settlement statement completed in accordance
with this Agreement and approved by Buyer and Seller; (iii) deliver the Bill of Sale and 1445 Affidavit to Buyer; and (iv) do such other items requested by Buyer and Seller, in writing, consistent with this Agreement. 

7.5 Prorations. All real and personal property taxes for the Property and the Personal Property for the current
calendar year and all charges for, water, sewer, electricity and other utility services furnished to the Property (which shall be prorated outside of Escrow) shall be prorated on and as of the Closing Date. All rollback taxes and special assessments
shall be paid by Seller in full at the Close of Escrow. To the extent that information required for any prorates or adjustments is not available on the Closing Date, Seller and Buyer shall determine and effect such prorates and adjustments when such
information is available. If any portion of the Property is a portion of a larger tax parcel, the real property taxes and assessments shall be allocated based on the square footage of the Property and the total square footage of the tax parcel;
provided, however, that any taxes or assessments for improvements not located within the Property but located within the tax parcel shall not be allocated to the Property. 

7.6 Closing Costs. Except as expressly provided in this Agreement, each party shall bear its own costs and
expenses (including attorneys’ fees) in connection with its negotiation, due diligence investigation and conduct of the Transaction. Escrow fees shall be divided equally between the parties. Seller shall pay the costs of a standard owner’s
policy of title insurance for the Property and the costs of the Survey. Buyer shall pay any additional premiums charged by Escrow Agent for an extended coverage owner’s policy of title insurance for the Property, for any Updated Survey, and for
any endorsements requested by Buyer and any mortgagee policy obtained by Buyer. All other costs associated with the closing of the Transaction shall be borne by the parties in accordance with custom in the county where the Property is located, as
determined by Escrow Agent, unless otherwise specified in this Agreement. 

  
 9 

 7.7 Possession. Buyer shall be entitled to possession of the Property
immediately after the Close of Escrow. 
 8. Seller’s Representations and Warranties. Seller hereby
represents, warrants and covenants to Buyer that: 
 8.1 Organization and Standing. Seller is duly
organized, validly existing, in good standing in the state of its formation and qualified to do business in the State of Texas and has full power and authority to enter into this Agreement and complete the Transaction. 

8.2 Binding Agreement. The acceptance and performance of the terms and provisions of this Agreement have been duly
authorized and approved by all necessary parties. Upon Seller’s execution and delivery of this Agreement, this Agreement shall be binding and enforceable against Seller in accordance with its terms, and upon Seller’s execution of the
additional documents contemplated by this Agreement, they shall be binding and enforceable against Seller in accordance with their terms. 
 8.3 Consents. Neither the execution or delivery of this Agreement nor the consummation of the Transaction is subject to any requirement that Seller obtain any consent, approval or authorization of,
or make any declaration or filing with, any governmental authority or third party which has not been obtained or which, in any case or in the aggregate, if not obtained or made would render such execution, delivery or consummation illegal or
invalid, or would constitute a default under, result in the creation of any lien, charge or encumbrance upon the Property or the Personal Property. 
 8.4 Litigation. There is no litigation, arbitration or administrative proceeding pending, nor to the actual knowledge of Seller, threatened against Seller with respect to the Property, the Personal
Property or this Agreement, nor is there any basis known to Seller for any such action or proceeding. 
 8.5
Conflict. Neither the execution of this Agreement, the consummation of the transactions hereby contemplated, nor the fulfillment of the terms hereof, will conflict with or result in a breach of any of the terms, conditions, or provisions of,
or constitute a default under, any agreement or instrument to which Seller is, or is asserted to be, a party affecting the Property or to which the Property is subject or any applicable laws or regulations of any governmental body having
jurisdiction. 
 8.6 Prior Agreement. Seller has not committed nor obligated itself in any manner
whatsoever to sell the Property or any portion thereof to any party other than Buyer. Seller has not hypothecated or assigned the rents or income for the Property in any manner. 

8.7 Attachment. To Seller’s knowledge, there are no attachments, executions or assignments for the benefit of
creditors, receiverships, conservatorship or voluntary or involuntary proceedings in bankruptcy or pursuant to any other debtor relief law which have been filed by Seller or are pending in current judicial or administrative proceedings against
Seller. 

  
 10 

 8.8 Impact Fee Credits. To Seller’s knowledge, there are no
impact fee credits available with respect to the Property. Except for any assessments or costs that may be imposed on the development of the Property and except for any taxes or assessments which may hereafter be levied on the Property due to a
change in usage or ownership Seller has received no written notice of any pending or contemplated special assessments with respect to the Property and has no knowledge of any pending or being contemplated. Seller has received no written request from
any governmental entity with regard to dedication of the Property or any part thereof and has no knowledge of any donations or payments to or for schools, parks, fire departments or any other public entity which are required to be made by the owner
of the Property other than as set forth in the ad valorem tax bills or public utility bills applicable to the Property. 
 8.9 No Leases. There are no leases or tenancies in effect with respect to the Property and to Seller’s actual knowledge there are no parties in possession of any portion of the Property as
lessees or tenants at sufferance. 
 8.10 Environmental. To Seller’s current actual knowledge, and
except as disclosed in the information provided by the Seller to the Buyer, the Property has not been the site of any activity that would violate any past or present environmental law or regulation of any governmental body or agency having
jurisdiction over the Property. Specifically, but without limitation, to Seller’s current actual knowledge and except as may be disclosed in Seller’s Information, (1) solid waste, petroleum, or petroleum products have not been handled
or stored on the Property such that they may have leaked or spilled onto the Property or contaminated the Property, (2) there is no on-site contamination resulting from activities on the Property or adjacent tracts, and (3) the Property
contains no “hazardous materials” which shall mean any petroleum products, flammables, explosives, radioactive materials, asbestos, radon, or other hazardous waste including without limitation substances defined as “hazardous
substances”, “hazardous materials”, or “toxic substances” in the Comprehensive Environmental Response, Compensation and Liability Act of 1980; the Hazardous Materials Transportation Act; and the Resources Conversation and
Recovery Act, and any other material or substance whose use, storage, or disposal is regulated by law. 
 8.11
Violations. To Seller’s current, actual knowledge, the Property does not violate any applicable law, statute, ordinance, rule, regulation, order or determination of any governmental authority or any restrictive covenant or deed
restriction (recorded or otherwise) affecting the Property. Seller has no current, actual information or knowledge of any change contemplated in any applicable laws or any judicial or administrative action, or any significant adverse fact or
condition relating to the Property which has not been disclosed in writing to Buyer by Seller. 
 8.12
Limitation. ALL OF SELLER’S REPRESENTATIONS AND COVENANTS IN THIS AGREEMENT AND ALL EXHIBITS ATTACHED TO THIS AGREEMENT ARE LIMITED AS SET FORTH IN THIS SUBPARAGRAPH. Seller’s covenants to provide information and documentation and
all of Seller’s representations are limited to Seller’s period of ownership of the Property and the actual knowledge gained by Seller with respect to the Property during such period of ownership, without any duty of investigation or review
nor the implication of any such duty as to same during such period of ownership or otherwise. Buyer acknowledges that Seller’s “actual knowledge” is limited to that of John S. Moody and Joe L. Moody, without

  
 11 

 
investigation or review or duty to investigate or review. Accordingly, Buyer must rely solely on Buyer’s Inspection to verify the accuracy thereof. As to the period prior to Seller’s
ownership, Seller can make no representation; however, Seller shall provide such information and documentation as described in this Agreement as is in Seller’s possession. Seller shall not be a warrantor or guarantor of any studies or tests
conducted by Seller or its employees or any third party and provided to Buyer pursuant to this Agreement, if any, nor of any other Seller’s Information provided to Buyer pursuant to this Agreement, nor has Seller made, nor does Seller make, any
representation or warranty of any kind or nature whatsoever concerning any such studies, tests or other Seller’s Information, such as but not limited to any representation or warranty as to the completeness or accuracy thereof, nor as to the
experience or qualifications of any person or entity involved in the preparation of same. 
 9. Buyer’s
Representations and Warranties. Buyer hereby represents, warrants and covenants to Seller that: 
 9.1
Organization and Standing. Buyer is a limited liability company, duly organized and validly existing, and has full power and authority to do business in Texas, enter into this Agreement and complete the Transaction. 

9.2 Binding Agreement. The acceptance of the terms and provisions of this Agreement and, as of the expiration of
the Inspection Period, the performance thereof, have, or will have, been duly authorized and approved by all necessary parties. Upon execution and delivery of this Agreement by Buyer, this Agreement shall be binding and enforceable against Buyer in
accordance with its terms, and upon execution and delivery of the additional documents contemplated by this Agreement by Buyer, they shall be binding and enforceable against Buyer in accordance with their terms. 

9.3 AS IS. BUYER IS KNOWLEDGEABLE AND EXPERIENCED WITH RESPECT TO COMMERCIAL REAL ESTATE MATTERS. BUYER
IS PURCHASING THE PROPERTY IN ITS “AS IS” CONDITION AS HEREIN PROVIDED WITH NO WARRANTIES BY SELLER AS TO MERCHANTABILITY, HABITABILITY, SUITABILITY FOR COMMERCIAL PURPOSES, OR FITNESS FOR ANY PARTICULAR USE, IT BEING UNDERSTOOD AND AGREED
THAT BUYER IS RELYING SOLELY ON ITS OWN INSPECTIONS, ENGINEERING STUDIES AND REPORTS, FEASIBILITY STUDIES AND EXAMINATIONS OF THE PROPERTY IN BUYER’S DETERMINATION OF THE CONDITION OF THE PROPERTY AND ANY IMPROVEMENTS, FIXTURES AND EQUIPMENT TO
BE SOLD TO BUYER UNDER THE AGREEMENT. 
 10. Condition Precedent; Survival of Representations and
Warranties; Disclaimer. 
 10.1 Condition Precedent; Survival of Representations and Warranties. The
truth of the representations and warranties set forth in Section 8 on and as of the date hereof and on and as of the Close of Escrow shall be a condition precedent to Buyer’s obligations to purchase the Property and otherwise
perform under this Agreement. All representations and warranties by Seller and Buyer set forth in this Agreement shall survive the execution and delivery of this Agreement, the recordation of the Special Warranty Deed and the Close of

  
 12 

 
Escrow for a period of 12 months. All claims for breach of representation and warranty shall be made in writing and any action for enforcement thereof commenced prior to the expiration of such
12-month period. 
 10.2 Disclaimer. BUYER ACKNOWLEDGES AND AGREES THAT, EXCEPT AS SET FORTH IN
SECTION 8, BUYER IS ACQUIRING THE PROPERTY IN ITS “AS IS” CONDITION, WITH ALL FAULTS, IF ANY, AND WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. EXCEPT AS SET FORTH HEREIN OR IN THE DOCUMENTS EXECUTED AND DELIVERED BY SELLER TO
BUYER AT CLOSING, NEITHER SELLER NOR ANY AGENTS, REPRESENTATIVES, OR EMPLOYEES OF SELLER HAVE MADE ANY REPRESENTATIONS OR WARRANTIES, DIRECT OR INDIRECT, ORAL OR WRITTEN, EXPRESS OR IMPLIED, TO BUYER OR ANY AGENTS, REPRESENTATIVES, OR EMPLOYEES OF
BUYER WITH RESPECT TO THE PROPERTY, INCLUDING, WITHOUT LIMITATION, THE PHYSICAL CONDITION OF THE PROPERTY OR THE PERSONAL PROPERTY (INCLUDING WITHOUT LIMITATION THE ENVIRONMENTAL CONDITION OF THE PROPERTY). SELLER EXPRESSLY DISCLAIMS AND NEGATES, AS
TO THE PROPERTY: (I) ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY; (II) ANY IMPLIED OR EXPRESS WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE; AND (III) ANY IMPLIED WARRANTY WITH RESPECT TO THE CONDITION OF THE PROPERTY, THE PAST
OR PROJECTED FINANCIAL CONDITION OF THE PROPERTY (INCLUDING, WITHOUT LIMITATION, THE INCOME OR EXPENSES THEREOF) OR THE USES PERMITTED ON, THE DEVELOPMENT REQUIREMENTS FOR, OR ANY OTHER MATTER OR THING RELATING TO ALL OR ANY PORTION OF THE PROPERTY.
EXCEPT AS SET FORTH HEREIN, SELLER MAKES NO WARRANTY, REPRESENTATION OR COVENANT WITH RESPECT TO ANY OF THE FOREGOING. BUYER ACKNOWLEDGES THAT BUYER IS RELYING SOLELY ON ITS OWN (OR ITS REPRESENTATIVES’) INSPECTION, EXAMINATION AND EVALUATION
OF THE PROPERTY AND NOT ON ANY STATEMENTS (ORAL OR WRITTEN) WHICH MAY HAVE BEEN MADE OR MAY BE MADE (OR PURPORTEDLY MADE) BY SELLER OR ANY OF ITS REPRESENTATIVES OTHER THAN THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS AGREEMENT. THE BUYER
HEREBY EXPRESSLY ASSUMES ALL RISKS, LIABILITIES, CLAIMS, DAMAGES, AND COSTS (AND AGREES THAT SELLER SHALL HAVE NO LIABILITY, INCLUDING WITHOUT LIMITATION STRICT LIABILITY FOR ANY SPECIAL, DIRECT, INDIRECT, CONSEQUENTIAL, OR OTHER DAMAGES, ANY SUCH
LIABILITY WHICH WOULD OTHERWISE EXIST OR ARISE BEING HEREBY WAIVED AND RELEASED BY BUYER) RESULTING OR ARISING FROM OR RLEATED TO THE OWNERSHIP, USE, CONDITION, LOCATION, MAINTENANCE, REPAIR, OR OPERATION OF THE PROPERTY. NOTWITHSTANDING ANYTHING
STATED TO THE CONTRARY IN THIS AGREEMENT, THE DISCLAIMERS PROVIDED FOR IN THIS SECTION 10.2 SHALL NOT APPLY TO OR PREVENT ANY CLAIMS ARISING FROM A BREACH OF THE REPRESENTATIONS, WARRANTIES OR OBLIGATIONS OF SELLER UNDER THIS AGREEMENT
OR THE DOCUMENTS EXECUTED AND DELIVERED BY SELLER TO BUYER AT CLOSING THAT SURVIVE THE CLOSING. THE PROVISIONS OF 

  
 13 

 
THIS SECTION 10.2 SHALL SURVIVE THE CANCELLATION OR TERMINATION OF THIS AGREEMENT AND SHALL SURVIVE THE CLOSE OF ESCROW. 

11. Covenants. From and after the date of this Agreement and until Closing or any termination or cancellation of
this Agreement, Seller, without the prior written consent of Buyer, shall not (i) enter into a contract or agreement for the sale, transfer or conveyance, exchange, encumbrance or other disposition of all or any portion of the Property;
(ii) grant a lien, pledge, encumbrance, security interest, option, right of first refusal, charge, license, right of way, dedication or easement against or across the Property which will not be released or removed prior to Close of Escrow;
(iii) enter into any maintenance, management or service contracts for the Property which will remain in force and effect after the Closing; (iv) terminate any liability or hazard insurance for the Property prior to Close of Escrow; or
(v) commit or permit to be committed any waste to the Property. Seller shall promptly furnish Buyer with any notice concerning the Property that Seller receives from any appraisal district, taxing authority or other governmental entity.

 12. Broker’s Commission. Concerning any brokerage commission, Seller and Buyer agree as follows:

 12.1 Seller and Buyer warrant, each to the other, that they have not dealt with any finder, broker or realtor
in connection with the Transaction other than Steve Mahood of Moody Rambin Interests, and Dennis N. Johnston (collectively, the “Brokers”). 

12.2 Seller shall pay a commission to the Brokers in the amount of 6% of the Purchase Price, such
that  1/2 of the Brokers fee shall be paid to Steve Mahood of Moody Rambin Interests and
 1/2 of the Brokers fee shall be paid to Dennis N. Johnston, only upon the occurrence of the Close of Escrow. 

12.3 Seller shall and does hereby indemnify Buyer against, and agrees to hold Buyer harmless for and from any claim,
demand or suit for any brokerage commission, finder’s fee or similar charge in respect of the execution of this Agreement or the Transaction based on any act by or agreement or contract with Seller, and for all losses, obligations, costs,
expenses and fees (including reasonable attorneys’ fees) incurred by Buyer on account of or arising from any such claim, demand or suit. 
 12.4 Except for the commission payable by Seller to Brokers pursuant to Section 12.2, Buyer shall and does hereby indemnify Seller against, and agrees to hold Seller harmless for and from any
claim, demand or suit for any brokerage commission, finder’s fee or similar charge in respect of the execution of this Agreement or the Transaction based on any agreement or contract with Buyer, and for all losses, obligations, costs, expenses
and fees (including reasonable attorneys’ fees) incurred by Seller on account of or arising from any such claim, demand or suit. 
 The provisions of this Section 12 shall survive the Closing Date and the delivery of the Special Warranty Deed. 

13. Assignment. Buyer may assign this Agreement or any of its rights under this Agreement to any person or entity
in which Buyer or its affiliates hold an equity or ownership 

  
 14 

 
interest or to any person or entity for which Buyer (or an affiliate) provides investment or management services without Seller’s consent. Buyer may not otherwise assign this Agreement or
any of its rights under this Agreement to any person, partnership, corporation or other entity other than pursuant to this Section 13 without Seller’s written consent. 

14. Risk of Loss. In the event of any material loss, contamination, damage or taking of the Property or any
portion thereof prior to the Close of Escrow, Buyer may, within 10 Business Days after Buyer receives notice of such loss, contamination, damage or taking, or prior to Close of Escrow, whichever occurs first, cancel this Agreement. In the
alternative, Buyer may attempt to negotiate an appropriate downward adjustment of the Purchase Price. If Seller and Buyer cannot agree upon such a downward adjustment within a reasonable period (not to exceed 10 Business Days from the date Buyer
receives notice of the loss, damage, contamination or taking or Close of Escrow), Buyer may cancel this Agreement. If (i) Buyer waives any such loss, damage or taking and proceeds to consummate the Transaction or (ii) the loss, damage or
taking is not material, the Transaction shall continue as set forth in this Agreement, then Seller, at the Close of Escrow and as a condition precedent thereto, shall pay to Buyer or apply against the Purchase Price the amount of any insurance or
condemnation proceeds attributable thereto which have been received by Seller, and assign to Buyer as of the Close of Escrow all rights or claims to such proceeds payable thereafter. For purposes of this Section, a loss, damage, contamination or
taking shall be deemed material if it results in the permanent loss of use of 5% or more of the square footage of the Property, or results in potential loss in value of more than 5% of the Purchase Price. The Closing Date shall be extended as
necessary to permit Buyer and Seller to comply with this Section 14. 
 15. Remedies.

 15.1 Buyer’s Remedies. If Seller fails to perform any of Seller’s obligations under this
Agreement and such failure continues for five days after Seller’s receipt of written notice from Buyer, then Buyer may, as Buyer’s sole and exclusive remedy for such failure, pursue one of the following: (i) waive such failure and
proceed to consummate the Transaction (provided that in no event shall Buyer have the right to waive any of Seller’s conditions precedent hereunder); (ii) obtain specific performance of this Agreement; or (iii) if and only if,
specific performance is not available to Buyer for any reason, recover damages due to such failure of Seller to perform hereunder; or (iv) cancel this Agreement and receive a return of the Earnest Money Deposit. 

15.2 Seller’s Remedies. If Buyer fails to perform any of Buyer’s obligations under this Agreement and
such failure continues for five days after Buyer’s receipt of written notice from Seller, then Seller shall as its sole and exclusive remedy be entitled to cancel this Agreement and retain the Earnest Money Deposit (including any and all
additional Earnest Money Deposits) in accordance with Section 4, as Seller’s agreed and total liquidated damages. Seller and Buyer agree that actual damages would be difficult to calculate and that the Earnest Money Deposit is a
reasonable estimate of the damages Seller will incur in the event of a default by Buyer. In no event shall Seller be entitled to recover any other monetary damages against Buyer due to any such failure of Buyer to perform hereunder. 

  
 15 

 16. Cancellation. If this Agreement is to be cancelled pursuant to
the provisions hereof, such cancellation shall be effected by the canceling party giving written notice of the cancellation to the other party and Escrow Agent. Upon such cancellation, Escrow Agent shall dispose of the Earnest Money Deposit in
accordance with Section 4 and return all documents deposited in the Escrow to the party who supplied the documents. Upon such delivery of Earnest Money and documents, this Agreement and the Escrow shall be deemed cancelled and
terminated, and except as expressly provided herein, neither party shall have any further obligations hereunder. 
 17. Attorneys’ Fees. If there is any litigation between Seller and Buyer to enforce or interpret any provisions hereof or rights arising hereunder, the unsuccessful party in such litigation,
as determined by the court, shall pay to the successful party, as determined by the court, all costs and expenses, including but not limited to reasonable attorneys’ fees incurred by the successful party, such fees to be determined by the court
sitting without a jury. 
 18. Notices. Except as otherwise required by law, any notice given in
connection with the Transaction shall be in writing and shall be given by personal delivery, overnight courier service, telecopy, electronic mail or United States certified or registered mail, return receipt requested, postage prepaid, addressed to
Seller or Buyer at the addresses set forth below (or at such other address as Seller or Buyer or the person receiving copies may designate in writing). Notice shall be deemed to have been received on the date on which notice is delivered, if notice
is given by personal delivery, telecopy or electronic mail, on the day after the delivery to the overnight courier service, if such a service is used, on the earlier of actual receipt or the third day after deposit in the mail, if mailed. Copies of
all notices given to Seller or Buyer shall be given to Escrow Agent. 
  

			
	 Seller:
	  	 Parkside/Grand Parkway, Ltd.

		  	 3003 W. Alabama

		  	Houston, Texas 77048
		  	Attention: Joe Moody
		  	Fax No.: 281-220-3643
		  	E-mail: joe.moody@parksidecap.com
		  	
	with a copy to:	  	John S. Moody, Jr., PLLC
		  	3003 W. Alabama
		  	Houston, Texas 77098
		  	Attention: John S. Moody, Jr.
		  	Fax No.: 281-220-3645
		  	E-mail: john.moody@johnsmoodyjrlaw.com

  
 16 

			
	 Buyer:
	  	Trinsic Acquisition Company, LLC
		  	3100 Monticello Avenue, Suite 900
		  	Dallas, Texas 75205
		  	Attention: Silas Graham
		  	Fax No.: (214) 462-7150
		  	E-mail: sgraham@trinsicres.com
		  	
	with a copy to:	  	DLA Piper LLP (US)
		  	1717 Main Street, Suite 4600
		  	Dallas, Texas 75201
		  	Attn: Craig B. Anderson
		  	Fax No.: (972) 813-6255
		  	E-mail: craig.anderson@dlapiper.com
		  	
	Escrow Agent:	  	 Republic Title of Texas, Inc.

		  	2626 Howell Street, 10th Floor
		  	Dallas, Texas 75204
		  	Attn: Bo Feagin
		  	Fax No.: (214) 303-0935
		  	E-mail: bfeagin@republictitle.com

 19. Exclusivity. In consideration for the considerable amount of time and expense
that Buyer will devote to the evaluation of the transactions described herein, Seller agrees that prior to the expiration of the Inspection Period, neither Seller or anyone acting on its behalf will solicit, encourage, negotiate, act upon or
conclude in any way any offer from any person or entity other than Buyer with respect to the Property. 
 20.
Escrow Cancellation Charges; Survey Costs. If the Escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges by Escrow Agent. If the Escrow fails to close because of Buyer’s default, Buyer
shall be liable for any cancellation charges by Escrow Agent. If the Escrow fails to close for any other reason, Seller and Buyer each shall be liable for one-half of any cancellation charges. 

21. Additional Acts. The parties agree to execute promptly such other documents and perform such other acts as may
be reasonably necessary to carry out the purpose and intent of this Agreement. 
 22. Governing Law. This
Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Texas. 

23. Time of Essence. Time is of the essence of this Agreement. However, if this Agreement requires any act to be
done or action to be taken on a date that is not a Business Day, such act or action shall be deemed to have been validly done or taken if done or taken on the next succeeding Business Day. 

24. Waiver. The waiver by any party hereto of any right granted to it hereunder shall not be deemed to be a waiver
of any other right granted hereunder, nor shall the same be deemed to be a waiver of a subsequent right obtained by reason of the continuation of any matter previously waived. 

  
 17 

 25. Survival. All of the covenants, agreements, representations and
warranties set forth in this Agreement shall survive the Closing for a period of 12 months, and shall not merge into any deed, assignment or other instrument executed or delivered pursuant hereto. All claims for breach of any covenants, agreements,
representations and warranties must be made in writing during such 12-month period or shall be deemed waived. 

26. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but
all of which shall constitute one and the same instrument. 
 27. Successors and Assigns. This Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 28. Entire Agreement. This Agreement sets forth the entire understanding of the parties with respect to the matters set forth herein as of the date hereof; it supersedes all prior oral or written
agreements of the parties as to the matters set forth herein; and it cannot be altered or amended except pursuant to an instrument in writing, signed by each of the parties hereto. 

29. Construction. This Agreement is the result of negotiations between the parties, neither of whom has acted
under any duress or compulsion, whether legal, economic or otherwise. Accordingly, the terms and provisions hereof shall be construed in accordance with their usual and customary meanings. Seller and Buyer hereby waive the application of any rule of
law which otherwise would be applicable in connection with the construction of this Agreement that ambiguous or conflicting terms or provisions should be construed against the party who (or whose attorney) prepared the executed Agreement or any
earlier draft of the same. 
 30. Interpretation. If there is any specific and direct conflict between,
or any ambiguity resulting from, the terms and provisions of this Agreement and the terms and provisions of any document, instrument or other agreement executed in connection herewith or in furtherance hereof, including any exhibits hereto, the same
shall be consistently interpreted in such manner as to give effect to the general purposes and intention as expressed in this Agreement, which shall be deemed to prevail and control. If, pursuant to this Agreement, any date indicated herein falls on
an official United States Holiday or a Saturday or Sunday, the date so indicated shall mean the next business day following such date. All parties to this Agreement and their counsel have reviewed and revised or requested revisions to this
Agreement, and the usual rule of construction that any ambiguities are to be resolved against the drafting party will not apply to the construction or interpretation of this Agreement or any amendments hereof. 

31. Headings. The headings in this Agreement are for reference only and shall not limit or define the meaning of
any provision of this Agreement. 
 32. No Third Party Beneficiary. No term or provision of this
Agreement or the exhibits hereto is intended to be, nor shall any such term or provision be construed to be, for the benefit of any person, firm, corporation or other entity not a party hereto (including, without limitation, any broker), and no such
other person, firm, corporation or entity shall have any right or cause of action hereunder. 

  
 18 

 33. Severability. If any provision of this Agreement or any portion
of any provision of this Agreement shall be deemed to be invalid, illegal or unenforceable, such invalidity, illegality or unenforceability shall not alter the remaining portion of such provision, or any other provision hereof, as each provision of
this Agreement shall be deemed severable from all other provisions hereof. 
 34. Incorporation by
Reference. All exhibits to this Agreement are fully incorporated herein as though set forth herein in full. 

35. Tax Deferred Exchange. Buyer agrees to cooperate with Seller to qualify the transfer of the Property as a like
kind exchange of property under Section 1031 of the Internal Revenue Code of 1986, as amended, provided that: (a) the exchange shall in no way hinder or delay Closing; (b) Buyer shall not be required to take title to any property
other than the Property; (c) Seller shall indemnify and pay all costs, fees and expenses related to the exchange; (d) Buyer shall have no obligation with respect to the exchange except to cooperate with Seller; and (e) Seller shall
hold harmless Buyer from all costs, expenses and liabilities arising from the exchange or the effectiveness of the exchange. 
 36. Risk of Loss. Seller shall bear the risk of loss with respect to the Property until the Closing. 
 37. Restricted Use on Seller’s Property. Seller agrees to include a restriction on Seller’s remaining property, comprised of 18.95 acres of land and shown as Tract B, Part 1 on Exhibit D
attached hereto and made a part hereof (“Seller’s Remaining Property”), prohibiting Seller, its successors and assigns from developing Seller’s Remaining Property as a multifamily residential development (the “Multifamily
Restriction”). The Multifamily Restriction shall be included in the Special Warranty Deed to be delivered at Closing, which shall encumber Seller’s Remaining Property. 

38. Deed Restrictions Notice. At Closing, Seller and Buyer shall sign and acknowledge the form of Notice of Deed
Restrictions required by the City of Houston Ordinance No. 89-1312, as amended. 
 39. Drainage/Utility
District Notice. The Property that you are about to purchase is located in the Grand Lakes Municipal Utility District No. 4. The district has taxing authority separate from any other taxing authority and may, subject to voter approval,
issue an unlimited amount of bonds and levy an unlimited rate of tax in payment of such bonds. Seller will provide the statutory MUD Notice to Buyer at Closing. Buyer hereby acknowledges receipt of the foregoing notice at or prior to execution of a
binding contract for the purchase of the real property described in such notice or at closing of the purchase of the real property. 

  
 19 

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

			
	SELLER:
	
	PARKSIDE/GRANDPARKWAY, LTD., a Texas limited partnership
		
	By:	 	 Parkside/Grand Reserve GP, LLC,

a Texas limited liability company

	Its:	 	General Partner

  

					
			
		 	By:	 	 Parkside Capital Land Fund, Ltd.,
 a Texas limited partnership

		 	Its:	 	Sole Member

  

							
				
		 		 	By:	 	 Parkside Capital Land Fund, Ltd.,
 a Texas limited partnership

		 		 	Its:	 	General Partner

  

									
					
		 		 	By:	 	 /S/ Joe Moody
	 	
		 		 	Name:	 	 Joe Moody
	 	
		 		 	Title:	 	 Manager
	 	

  

			
	BUYER:
	
	 TRINSIC ACQUISITION COMPANY, LLC,
 a Delaware limited liability company

		
	By:	 	 /S/ Silas Graham

		 	Silas Graham
		 	Vice President

  
 20 

 The Escrow Instructions, this Purchase and Sale Agreement and the Earnest
Money Deposit are accepted and the Escrow is opened as of February     , 2012. 
  

					
	ESCROW AGENT:
	
	REPUBLIC TITLE OF TEXAS, INC.
		
	By:	 	 /S/ Jenifer Haden

		 	Name:	 	 Jennifer Haden

		 	Title:	 	 Vice President

  
 21 

 EXHIBIT A 
 LEGAL DESCRIPTION OF THE PROPERTY 
 [Omitted as not necessary to an
understanding of the Agreement] 
  
 EXHIBIT B

 SPECIAL WARRANTY DEED 
 [Omitted as not necessary to an understanding of the Agreement] 
  

EXHIBIT C 

BILL OF SALE 
 [Omitted as not necessary to an understanding of the Agreement] 
  

EXHIBIT D 

SELLER’S REMAINING PROPERTY 
 [Omitted as not necessary to an understanding of the Agreement] 

 AMENDMENT TO PURCHASE AND SALE AGREEMENT 

THIS AMENDMENT TO PURCHASE AND SALE AGREEMENT (“Amendment”) dated effective July 2, 2012, is
entered into between Parkside/Grand Reserve, Ltd., a Texas limited partnership (“Seller”) and Trinsic Acquisition Company, LLC, a Delaware limited liability company (“Buyer”). 

R E C I T A L S: 
 A. Buyer and Seller have entered into a Purchase and Sale Agreement (the “Agreement”), dated effective February 10, 2012, with respect to the purchase and sale of certain real
property located in Fort Bend County, Texas, as more fully described in the Agreement. 
 B. Buyer and Seller
have agreed to extend the Inspection Period, and the parties have agreed to certain other matters, as set forth below. 
 A G R E
E M E N T S: 
 Now, therefore, in consideration of the mutual agreements set forth below, and for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agree as follows: 
 1. The Agreement is hereby amended to provide that the Inspection Period under Section 6.6 of the Agreement shall expire at 5:00 p.m. on August 31, 2012. 

2. Except as expressly amended hereby, the Agreement and all rights and powers created thereunder are in all respects
ratified and confirmed and remain in full force and effect. Where any section, subsection or clause of the Agreement is modified or deleted by this Amendment, any unaltered provision of such section, subsection or clause of the Agreement shall
remain in full force and effect. However, where any provision of this Amendment conflicts or is inconsistent with the Agreement, the provision of this Amendment shall control. 

3. Terms used herein, which are not otherwise defined or modified herein, but which are defined in the Agreement, shall
have the meanings therein ascribed to them. 
 4. This Amendment (a) shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns; (b) may be modified or amended only in writing signed by each party hereto; (c) may be executed by facsimile signatures and in several counterparts, and by the
parties hereto on separate counterparts, and each counterpart, when so executed and delivered, shall constitute an original agreement, and all such separate counterparts shall constitute one and the same agreement; and (d) embodies the entire
Amendment and understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements relating to such subject matter. 

  
 1 

 [Remainder of this Page Intentionally Left Blank] 

  
 2 

 The undersigned have caused this Amendment to be executed effective as of
the date first set forth above. 
  

					
	SELLER:
	
	 Parkside/Grand Reserve, Ltd.
 a Texas limited partnership

		
	By:	 	 Parkside/Grand Reserve GP, LLC
 a Texas limited liability company

	Its:	 	General Partner
			
		 	By:	 	 /S/ Dan T. Moody

		 	Name:	 	 Dan T. Moody

		 	Title:	 	 Manager

  

			
	BUYER:
	
	 Trinsic Acquisition Company, LLC
 a Delaware limited liability company

		
	By:	 	 /S/ Silas Graham

		 	Silas Graham, Vice President

  
  

  
 3 

 SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT 

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (“Amendment”) dated effective August 21, 2012,
is entered into between Parkside/Grand Reserve, Ltd., a Texas limited partnership (“Seller”) and Trinsic Acquisition Company, LLC, a Delaware limited liability company (“Buyer”). 

R E C I T A L S: 
 A. Buyer and Seller have entered into a Purchase and Sale Agreement dated effective February 10, 2012, as amended by that certain Amendment to Purchase and Sale Agreement dated effective July 2,
2012 (as amended, the “Agreement”), with respect to the purchase and sale of certain real property located in Fort Bend County, Texas, as more fully described in the Agreement. 

B. Buyer and Seller have agreed to extend the Inspection Period, and the parties have agreed to certain other matters, as
set forth below. 
 A G R E E M E N T S: 

Now, therefore, in consideration of the mutual agreements set forth below, and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned agree as follows: 
 1. The Agreement
is hereby amended to provide that the Inspection Period under Section 6.6 of the Agreement shall expire at 5:00 p.m. on October 1, 2012. 
 2. Except as expressly amended hereby, the Agreement and all rights and powers created thereunder are in all respects ratified and confirmed and remain in full force and effect. Where any section,
subsection or clause of the Agreement is modified or deleted by this Amendment, any unaltered provision of such section, subsection or clause of the Agreement shall remain in full force and effect. However, where any provision of this Amendment
conflicts or is inconsistent with the Agreement, the provision of this Amendment shall control. 
 3. Terms used
herein, which are not otherwise defined or modified herein, but which are defined in the Agreement, shall have the meanings therein ascribed to them. 
 4. This Amendment (a) shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; (b) may be modified or amended only in writing signed by
each party hereto; (c) may be executed by facsimile signatures and in several counterparts, and by the parties hereto on separate counterparts, and each counterpart, when so executed and delivered, shall constitute an original agreement, and
all such separate counterparts shall constitute one and the same agreement; and (d) embodies the entire Amendment and understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements relating to
such subject matter. 

  
 1 

 [Remainder of this Page Intentionally Left Blank] 

  
 2 

 The undersigned have caused this Amendment to be executed effective as of
the date first set forth above. 
  

					
	SELLER:
	
	 Parkside/Grand Reserve, Ltd.
 a Texas limited partnership

		
	By:	 	 Parkside/Grand Reserve GP, LLC
 a Texas limited liability company

	Its:	 	General Partner
			
		 	By:	 	 /S/ Joe Moody

		 	Name:	 	 Joe Moody

		 	Title:	 	 Manager

  

			
	BUYER:
	
	 Trinsic Acquisition Company, LLC
 a Delaware limited liability company

		
	By:	 	 /S/ Silas Graham

		 	Silas Graham, Vice President

  
 3 

 THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT 

THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT (“Amendment”) dated effective September 24,
2012, is entered into between Parkside/Grand Reserve, Ltd., a Texas limited partnership (“Seller”) and Trinsic Acquisition Company, LLC, a Delaware limited liability company (“Buyer”). 

R E C I T A L S: 
 A. Buyer and Seller have entered into a Purchase and Sale Agreement dated effective February 10, 2012, as amended by that certain Amendment to Purchase and Sale Agreement dated effective July 2,
2012, and as amended by that certain Second Amendment to Purchase and Sale Agreement dated effective August 21, 2012 (as amended, the “Agreement”), with respect to the purchase and sale of certain real property located in Fort
Bend County, Texas, as more fully described in the Agreement. 
 B. Buyer and Seller have agreed to extend the
Inspection Period and the Closing Date, and the parties have agreed to certain other matters, as set forth below. 
 A G R E E M
E N T S: 
 Now, therefore, in consideration of the mutual agreements set forth below, and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agree as follows: 

1. The Agreement is hereby amended to provide that the Inspection Period under Section 6.6 of the Agreement shall
expire at 5:00 p.m. on November 15, 2012. 
 2. The Closing Date shall take place on or before
December 15, 2012. The Agreement is hereby amended to delete Buyer’s right to extend the Closing Date under Section 7.1 of the Agreement. Buyer shall have no right to extend the Closing Date beyond December 15, 2012. 

3. Except as expressly amended hereby, the Agreement and all rights and powers created thereunder are in all respects
ratified and confirmed and remain in full force and effect. Where any section, subsection or clause of the Agreement is modified or deleted by this Amendment, any unaltered provision of such section, subsection or clause of the Agreement shall
remain in full force and effect. However, where any provision of this Amendment conflicts or is inconsistent with the Agreement, the provision of this Amendment shall control. 

4. Terms used herein, which are not otherwise defined or modified herein, but which are defined in the Agreement, shall
have the meanings therein ascribed to them. 
 5. This Amendment (a) shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns; (b) may be modified or amended only in writing signed by each party hereto; (c) may be executed by facsimile signatures and in several

  
 1 

 
counterparts, and by the parties hereto on separate counterparts, and each counterpart, when so executed and delivered, shall constitute an original agreement, and all such separate counterparts
shall constitute one and the same agreement; and (d) embodies the entire Amendment and understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements relating to such subject matter. 

[Remainder of this Page Intentionally Left Blank] 

  
 2 

 The undersigned have caused this Amendment to be executed effective as of
the date first set forth above. 
  

					
	SELLER:
	
	 Parkside/Grand Reserve, Ltd.
 a Texas limited partnership

		
	By:	 	 Parkside/Grand Reserve GP, LLC
 a Texas limited liability company

	Its:	 	General Partner
			
		 	By:	 	 /S/ Joe Moody

		 	Name:	 	 Joe Moody

		 	Title:	 	 Manager

  

			
	BUYER:
	
	 Trinsic Acquisition Company, LLC
 a Delaware limited liability company

		
	By:	 	 /S/ Silas Graham

		 	Silas Graham, Vice President

  
 3 

 FOURTH AMENDMENT TO PURCHASE AND SALE AGREEMENT 

THIS FOURTH AMENDMENT TO PURCHASE AND SALE AGREEMENT (“Amendment”) dated effective December 7,
2012, is entered into between Parkside/Grand Reserve, Ltd., a Texas limited partnership (“Seller”) and Trinsic Acquisition Company, LLC, a Delaware limited liability company (“Buyer”). 

R E C I T A L S: 
 A. Buyer and Seller have entered into a Purchase and Sale Agreement dated effective February 10, 2012, as amended by that certain Amendment to Purchase and Sale Agreement dated effective July 2,
2012, and as amended by that certain Second Amendment to Purchase and Sale Agreement dated effective August 21, 2012 and as amended by that certain Third Amendment to Purchase and Sale Agreement dated effective September 24, 2012 (as
amended, the “Agreement”), with respect to the purchase and sale of certain real property located in Fort Bend County, Texas, as more fully described in the Agreement. 

B. Buyer and Seller have agreed to extend the Closing Date and the parties have agreed to certain other matters, as set
forth below. 
 A G R E E M E N T S: 
 Now, therefore, in consideration of the mutual agreements set forth below, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agree as
follows: 
 1. The Closing Date shall take place on or before December 21, 2012. Buyer shall have no right
to extend the Closing Date beyond December 21, 2012. In consideration for the extension of the Closing Date to December 21, 2012, Buyer shall deposit with Escrow Agent, within three (3) business days following the effective date of
this Amendment, Fifty Thousand and No/100 Dollars ($50,000.00) in Cash, as an additional Earnest Money Deposit which additional Earnest Money Deposit shall be applied against the Purchase Price at Closing and shall otherwise be held by the Escrow
Agent in accordance with the provisions of Section 4 of the Agreement. 
 2. Except as expressly amended
hereby, the Agreement and all rights and powers created thereunder are in all respects ratified and confirmed and remain in full force and effect. Where any section, subsection or clause of the Agreement is modified or deleted by this Amendment, any
unaltered provision of such section, subsection or clause of the Agreement shall remain in full force and effect. However, where any provision of this Amendment conflicts or is inconsistent with the Agreement, the provision of this Amendment shall
control. 
 3. Terms used herein, which are not otherwise defined or modified herein, but which are defined in
the Agreement, shall have the meanings therein ascribed to them. 

  
 1 

 4. This Amendment (a) shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns; (b) may be modified or amended only in writing signed by each party hereto; (c) may be executed by facsimile signatures and in several counterparts, and by the parties hereto
on separate counterparts, and each counterpart, when so executed and delivered, shall constitute an original agreement, and all such separate counterparts shall constitute one and the same agreement; and (d) embodies the entire Amendment and
understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements relating to such subject matter. 
 [Remainder of this Page Intentionally Left Blank] 

  
 2 

 The undersigned have caused this Amendment to be executed effective as of
the date first set forth above. 
  

					
	SELLER:
	
	 Parkside/Grand Reserve, Ltd.
 a Texas limited partnership

		
	By:	 	 Parkside/Grand Reserve GP, LLC
 a Texas limited liability company

	Its:	 	General Partner
			
		 	By:	 	 /S/ John S. Moody

		 	Name:	 	 John S. Moody

		 	Title:	 	 President

  

			
	BUYER:
	
	 Trinsic Acquisition Company, LLC
 A Delaware limited liability company

		
	By:	 	 /S/ Silas Graham

		 	Silas Graham, Vice President

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}]]