Document:

Amended and Restated Repayment Guaranty

 EXHIBIT 10.42 
 Loan No. 102495 
 AMENDED AND RESTATED REPAYMENT
GUARANTY 
 (Secured Loan) 
 THIS AMENDED AND RESTATED REPAYMENT GUARANTY (“Guaranty”) is made as of October 10, 2009, by Thomas Properties Group, Inc., a Delaware corporation and Thomas Properties Group, L.P., a
Maryland limited partnership (individually, collectively, jointly and severally, “Guarantor”) in favor of Wells Fargo Bank, National Association (“Lender”). 
 R E C I T A L S 
  

	A.	Pursuant to the terms of a Loan Agreement, dated October 10, 2005 (as heretofore and hereafter amended, restated or replaced, the “Loan Agreement”),
Lender previously made a loan to TPG-El Segundo Partners, LLC, a California limited liability company (“Borrower”), in the original principal amount of Nineteen Million Five Hundred Thousand Dollars ($19,500,000) (a portion of which, in an
amount equal to $2,500,000, was previously repaid; the outstanding principal balance of the Loan as of the date hereof is $17,000,000) (the “Loan”). The Loan is evidenced by a Promissory Note Secured by Deed of Trust, dated
October 10, 2005 (the “Original Note”) and the other documents referred to in the Loan Agreement as “Loan Documents” and secured by, among other things, a Deed of Trust with Absolute Assignment of Leases and Rent, Security
Agreement and Fixture Filing, dated October 10, 2005 (as heretofore and hereafter amended, the “Deed of Trust”). All capitalized terms used and not otherwise defined herein shall have the meanings given to them in the Loan Agreement.

  

	B.	In connection with the Loan, each party constituting Guarantor previously executed a Repayment Guaranty, dated October 10, 2005 (as amended, the “Original
Guaranties”), which Original Guaranties were amended pursuant to separate documents titled (i) Guarantor’s Consent and Amendment, each dated September 29, 2006 and (ii) Amendment to Repayment Guaranty, each dated
January 17, 2008. 

  

	C.	Lender and Borrower have now agreed to modify the terms of the Loan Documents in accordance with the provisions of a Third Modification Agreement, dated on or about the
date hereof (the “Modification Agreement”). In connection with the Modification Agreement, Borrower has executed an Amended and Restated Promissory Note Secured by Deed of Trust, dated on or about the date hereof, in the principal amount
of $17,000,000 (as hereafter amended, restated or replaced from time to time, the “Note”). 

  

	D.	As a condition to the effectiveness of the Modification Agreement, Lender has requested that Guarantor execute this Guaranty, which completely amends, restates and
replaces the Original Guaranties. 

 THEREFORE, to induce Lender to enter into the Modification Agreement, and in consideration
thereof, Guarantor unconditionally guarantees and agrees as follows: 
  

	1.	GUARANTY. Guarantor hereby guarantees and promises to pay to Lender or order, on demand, in lawful money of the United States, in immediately available
funds, the principal sum of Seventeen Million Dollars ($17,000,000), or so much thereof as may be due and owing under the Note or any of the other Loan Documents together with interest and any other sums payable under the Note or any of the other
Loan Documents. 

  

	2.	REMEDIES. If Guarantor fails to promptly perform its obligations under this Guaranty, Lender may from time to time, and without first requiring
performance by Borrower or exhausting any or all security for the Loan, bring any action at law or in equity or both to compel Guarantor to perform its obligations hereunder, and to collect in any such action compensation for all loss, cost, damage,
injury and expense sustained or incurred by Lender as a direct or indirect consequence of the failure of Guarantor to perform its obligations together with interest thereon at the rate of interest applicable to the principal balance of the Note.

  

	3.	 RIGHTS OF LENDER. Guarantor authorizes Lender, without giving notice to Guarantor or obtaining Guarantor’s consent and without
affecting the liability of Guarantor, from time to time to: (a) renew or extend all or any portion of Borrower’s obligations under the Note or any of the other Loan Documents; (b) declare all sums owing to Lender under the Note and
the other Loan Documents due and payable upon the occurrence of a Default (as defined in the Loan Agreement) under the Loan Documents; (c) make non-material changes in the dates specified for payments of any sums payable in periodic
installments

  

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under the Note or any of the other Loan Documents; (d) otherwise modify the terms of any of the Loan Documents, except for (i) increases in the principal amount of the Note or changes
in the manner by which interest rates, fees or charges are calculated under the Note and the other Loan Documents (Guarantor acknowledges that if the Note or other Loan Documents so provide, said interest rates, fees and charges may vary from time
to time) or (ii) advancement of the Maturity Date of the Note where no Default has occurred under the Loan Documents; (e) take and hold security for the performance of Borrower’s obligations under the Note or the other Loan Documents
and exchange, enforce, waive and release any such security; (f) apply such security and direct the order or manner of sale thereof as Lender in its discretion may determine; (g) release, substitute or add any one or more endorsers of the
Note or guarantors of Borrower’s obligations under the Note or the other Loan Documents; (h) apply payments received by Lender from Borrower to any obligations of Borrower to Lender, in such order as Lender shall determine in its sole
discretion, whether or not any such obligations are covered by this Guaranty; (i) assign this Guaranty in whole or in part; and (j) assign, transfer or negotiate all or any part of the indebtedness guaranteed by this Guaranty.

  

	4.	GUARANTOR’S WAIVERS. Guarantor waives: (a) any defense based upon any legal disability or other defense of Borrower, any other guarantor or
other person, or by reason of the cessation or limitation of the liability of Borrower from any cause other than full payment of all sums payable under the Note or any of the other Loan Documents; (b) any defense based upon any lack of
authority of the officers, directors, partners or agents acting or purporting to act on behalf of Borrower or any principal of Borrower or any defect in the formation of Borrower or any principal of Borrower; (c) any defense based upon the
application by Borrower of the proceeds of the Loan for purposes other than the purposes represented by Borrower to Lender or intended or understood by Lender or Guarantor; (d) any and all rights and defenses arising out of an election of
remedies by Lender, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed Guarantor’s rights of subrogation and reimbursement against the principal by the
operation of Section 580d of the California Code of Civil Procedure or otherwise; (e) any defense based upon Lender’s failure to disclose to Guarantor any information concerning Borrower’s financial condition or any other
circumstances bearing on Borrower’s ability to pay all sums payable under the Note or any of the other Loan Documents; (f) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither
larger in amount nor in any other respects more burdensome than that of a principal; (g) any defense based upon Lender’s election, in any proceeding instituted under the Federal Bankruptcy Code, of the application of
Section 1111(b)(2) of the Federal Bankruptcy Code or any successor statute; (h) any defense based upon any borrowing or any grant of a security interest under Section 364 of the Federal Bankruptcy Code; (i) any right of
subrogation, any right to enforce any remedy which Lender may have against Borrower and any right to participate in, or benefit from, any security for the Note or the other Loan Documents now or hereafter held by Lender; (j) presentment,
demand, protest and notice of any kind; and (k) the benefit of any statute of limitations affecting the liability of Guarantor hereunder or the enforcement hereof. Guarantor further waives any and all rights and defenses that Guarantor may have
because Borrower’s debt is secured by real property; this means, among other things, that: (1) Lender may collect from Guarantor without first foreclosing on any real or personal property collateral pledged by Borrower; (2) if Lender
forecloses on any real property collateral pledged by Borrower, then (A) the amount of the debt may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale
price, and (B) Lender may collect from Guarantor even if Lender, by foreclosing on the real property collateral, has destroyed any right Guarantor may have to collect from Borrower. The foregoing sentence is an unconditional and irrevocable
waiver of any rights and defenses Guarantor may have because Borrower’s debt is secured by real property. These rights and defenses being waived by Guarantor include, but are not limited to, any rights or defenses based upon Section 580a,
580b, 580d or 726 of the California Code of Civil Procedure. Without limiting the generality of the foregoing or any other provision hereof, Guarantor further expressly waives to the extent permitted by law any and all rights and defenses, including
without limitation any rights of subrogation, reimbursement, indemnification and contribution, which might otherwise be available to Guarantor under California Civil Code Sections 2787 to 2855, inclusive, 2899 and 3433, or under California Code of
Civil Procedure Sections 580a, 580b, 580d and 726, or any of such sections. Finally, Guarantor agrees that the performance of any act or any payment which tolls any statute of limitations applicable to the Note or any of the other Loan Documents
shall similarly operate to toll the statute of limitations applicable to Guarantor’s liability hereunder. 

  

	5.	 CONSENT TO WAIVER BY BORROWER. Guarantor consents to the waiver by Borrower of all of its rights under California Civil Code
Section 2822, which provides as follows: “(a) The acceptance, by a creditor, of anything in partial

  

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satisfaction of an obligation, reduces the obligation of a surety thereof, in the same measure as that of the principal, but does not otherwise affect it. However, if the surety is liable upon
only a portion of an obligation and the principal provides partial satisfaction of the obligation, the principal may designate the portion of the obligation that is to be satisfied; and (b) For purposes of this section and Section 2819, an
agreement by a creditor to accept from the principal debtor a sum less than the balance owed on the original obligation, without the prior consent of the surety and without any other change to the underlying agreement between the creditor and
principal debtor, shall not exonerate the surety for the lesser sum agreed upon by the creditor and principal debtor.” 

  

	6.	GUARANTOR’S WARRANTIES. Guarantor warrants and acknowledges that: (a) Lender would not enter into the Modification Agreement but for this
Guaranty; (b) there are no conditions precedent to the effectiveness of this Guaranty and this Guaranty shall be in full force and effect and binding on Guarantor regardless of whether Lender obtains other collateral or any guaranties from
others; (c) Guarantor has established adequate means of obtaining from sources other than Lender, on a continuing basis, financial and other information pertaining to Borrower’s financial condition, the Property and Borrower’s
activities relating thereto and the status of Borrower’s performance of obligations under the Loan Documents, and Guarantor agrees to keep adequately informed from such means of any facts, events or circumstances which might in any way affect
Guarantor’s risks hereunder and Lender has made no representation to Guarantor as to any such matters; (d) the most recent financial statements of Guarantor previously delivered to Lender are true and correct in all respects, have been
prepared in accordance with generally accepted accounting principles consistently applied (or other principles acceptable to Lender) and fairly present the financial condition of Guarantor as of the respective dates thereof, and no material adverse
change has occurred in the financial condition of Guarantor since the respective dates thereof; and (e) Guarantor has not and will not, without the prior written consent of Lender, sell, lease, assign, encumber, hypothecate, transfer or
otherwise dispose of all or substantially all of Guarantor’s assets, or any interest therein, other than in the ordinary course of Guarantor’s business 

  

	7.	SUBORDINATION. Guarantor subordinates all present and future indebtedness owing by Borrower to Guarantor to the obligations at any time owing by Borrower
to Lender under the Note and the other Loan Documents. Guarantor assigns all such indebtedness to Lender as security for this Guaranty, the Note and the other Loan Documents. Guarantor agrees to make no claim for such indebtedness until all
obligations of Borrower under the Note and the other Loan Documents have been fully discharged. Guarantor further agrees not to assign all or any part of such indebtedness unless Lender is given prior notice and such assignment is expressly made
subject to the terms of this Guaranty. If Lender so requests, (a) all instruments evidencing such indebtedness shall be duly endorsed and delivered to Lender, (b) all security for such indebtedness shall be duly assigned and delivered to
Lender, (c) such indebtedness shall be enforced, collected and held by Guarantor as trustee for Lender and shall be paid over to Lender on account of the Loan but without reducing or affecting in any manner the liability of Guarantor under the
other provisions of this Guaranty, and (d) Guarantor shall execute, file and record such documents and instruments and take such other action as Lender deems necessary or appropriate to perfect, preserve and enforce Lender’s rights in and
to such indebtedness and any security therefor. If Guarantor fails to take any such action, Lender, as attorney-in-fact for Guarantor, is hereby authorized to do so in the name of Guarantor. The foregoing power of attorney is coupled with an
interest and cannot be revoked. 

  

	8.	 BANKRUPTCY OF BORROWER. In any bankruptcy or other proceeding in which the filing of claims is required by law, Guarantor shall file all
claims which Guarantor may have against Borrower relating to any indebtedness of Borrower to Guarantor and shall assign to Lender all rights of Guarantor thereunder. If Guarantor does not file any such claim, Lender, as attorney-in-fact for
Guarantor, is hereby authorized to do so in the name of Guarantor or, in Lender’s discretion, to assign the claim to a nominee and to cause proof of claim to be filed in the name of Lender’s nominee. The foregoing power of attorney is
coupled with an interest and cannot be revoked. Lender or its nominee shall have the right, in its reasonable discretion, to accept or reject any plan proposed in such proceeding and to take any other action which a party filing a claim is entitled
to do. In all such cases, whether in administration, bankruptcy or otherwise, the person or persons authorized to pay such claim shall pay to Lender the amount payable on such claim and, to the full extent necessary for that purpose, Guarantor
hereby assigns to Lender all of Guarantor’s rights to any such payments or distributions; provided, however, Guarantor’s obligations hereunder shall not be satisfied except to the extent that Lender receives cash by reason of
any such payment or distribution. If Lender receives anything hereunder other than cash, the same shall be held as collateral for amounts due under this Guaranty. If all or any

  

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portion of the obligations guaranteed hereunder are paid or performed, the obligations of Guarantor hereunder shall continue and shall remain in full force and effect in the event that all or any
part of such payment or performance is avoided or recovered directly or indirectly from Lender as a preference, fraudulent transfer or otherwise under the Bankruptcy Code or other similar laws, irrespective of (a) any notice of revocation given
by Guarantor prior to such avoidance or recovery, or (b) full payment and performance of all of the indebtedness and obligations evidenced and secured by the Loan Documents. 

  

	9.	LOAN SALES AND PARTICIPATIONS; DISCLOSURE OF INFORMATION. Guarantor agrees that Lender may elect, at any time, to sell, assign, or grant participations in
all or any portion of its rights and obligations under the Loan Documents and this Guaranty, and that any such sale, assignment or participation may be to one or more financial institutions, private investors, and/or other entities, at Lender’s
sole discretion. Guarantor further agrees that Lender may disseminate to any such actual or potential purchaser(s), assignee(s) or participant(s) all documents and information (including, without limitation, all financial information) which has been
or is hereafter provided to or known to Lender with respect to: (a) the Property and its operation; (b) any party connected with the Loan (including, without limitation, the Guarantor, the Borrower, any partner, joint venturer or member of
Borrower, any constituent partner, joint venturer or member of Borrower, any other guarantor and any non-borrower trustor); and/or (c) any lending relationship other than the Loan which Lender may have with any party connected with the Loan. In
the event of any such sale, assignment or participation, Lender and the parties to such transaction shall share in the rights and obligations of Lender as set forth in the Loan Documents only as and to the extent they agree among themselves. In
connection with any such sale, assignment or participation, Guarantor further agrees that the Guaranty shall be sufficient evidence of the obligations of Guarantor to each purchaser, assignee, or participant, and upon written request by Lender,
Guarantor shall consent to such amendments or modifications to the Loan Documents as may be reasonably required in order to evidence any such sale, assignment, or participation. 

 Anything in this Agreement to the contrary notwithstanding, and without the need to comply with any of the formal or procedural requirements
of this Agreement, including this Section, any lender may at any time and from time to time pledge and assign all or any portion of its rights under all or any of the Loan Documents to a Federal Reserve Bank; provided that no such pledge or
assignment shall release such Lender from its obligations thereunder. 
  

	10.	ADDITIONAL, INDEPENDENT AND UNSECURED OBLIGATIONS. This Guaranty is a continuing guaranty of payment and not of collection and cannot be revoked by
Guarantor and shall continue to be effective with respect to any indebtedness referenced in Section 1 hereof arising or created after any attempted revocation hereof or after the death of Guarantor (if Guarantor is a natural person, in which
event this Guaranty shall be binding upon Guarantor’s estate and Guarantor’s legal representatives and heirs). The obligations of Guarantor hereunder shall be in addition to and shall not limit or in any way affect the obligations of
Guarantor under any other existing or future guaranties unless said other guaranties are expressly modified or revoked in writing. This Guaranty is independent of the obligations of Borrower under the Note, the Deed of Trust and the other Loan
Documents. Lender may bring a separate action to enforce the provisions hereof against Guarantor without taking action against Borrower or any other party or joining Borrower or any other party as a party to such action. Except as otherwise provided
in this Guaranty, this Guaranty is not secured and shall not be deemed to be secured by any security instrument unless such security instrument expressly recites that it secures this Guaranty. 

  

	11.	ATTORNEYS’ FEES; ENFORCEMENT. If any attorney is engaged by Lender to enforce or defend any provision of this Guaranty, or any of the other Loan
Documents, or as a consequence of any Default under the Loan Documents, with or without the filing of any legal action or proceeding, Guarantor shall pay to Lender, immediately upon demand all reasonable attorneys’ fees and costs incurred by
Lender in connection therewith, together with interest thereon from the date of such demand until paid at the rate of interest applicable to the principal balance of the Note as specified therein. 

  

	12.	 RULES OF CONSTRUCTION. The word “Borrower” as used herein shall include both the named Borrower and any other person at any
time assuming or otherwise becoming primarily liable for all or any part of the obligations of the named Borrower under the Note and the other Loan Documents. The term “person” as used herein shall include any individual, company, trust or
other legal entity of any kind whatsoever. If this Guaranty is executed by more than one person, the term “Guarantor” shall

  

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include all such persons. When the context and construction so require, all words used in the singular herein shall be deemed to have been used in the plural and vice versa. All headings
appearing in this Guaranty are for convenience only and shall be disregarded in construing this Guaranty. 

  

	13.	CREDIT REPORTS. Each legal entity and individual obligated on this Guaranty hereby authorizes Lender to order and obtain, from a credit reporting agency
of Lender’s choice, a third party credit report on such legal entity and individual. 

  

	14.	GOVERNING LAW. This Guaranty shall be governed by, and construed in accordance with, the laws of the State of California, except to the extent preempted
by federal laws. Guarantor and all persons and entities in any manner obligated to Lender under this Guaranty consent to the jurisdiction of any federal or state court within the State of California having proper venue and also consent to service of
process by any means authorized by California or federal law. 

  

	15.	MISCELLANEOUS. The provisions of this Guaranty will bind and benefit the heirs, executors, administrators, legal representatives, nominees, successors and
assigns of Guarantor and Lender. The liability of all persons and entities who are in any manner obligated hereunder shall be joint and several. If any provision of this Guaranty shall be determined by a court of competent jurisdiction to be
invalid, illegal or unenforceable, that portion shall be deemed severed from this Guaranty and the remaining parts shall remain in full force as though the invalid, illegal or unenforceable portion had never been part of this Guaranty.

  

	16.	ADDITIONAL PROVISIONS. Such additional terms, covenants and conditions as may be set forth on any exhibit executed by Guarantor and attached hereto which
recites that it is an exhibit to this Guaranty are incorporated herein by this reference. 

  

	17.	ENFORCEABILITY. Guarantor hereby acknowledges that: (a) the obligations undertaken by Guarantor in this Guaranty are complex in nature, and
(b) numerous possible defenses to the enforceability of these obligations may presently exist and/or may arise hereafter, and (c) as part of Lender’s consideration for entering into this transaction, Lender has specifically bargained
for the waiver and relinquishment by Guarantor of all such defenses, and (d) Guarantor has had the opportunity to seek and receive legal advice from skilled legal counsel in the area of financial transactions of the type contemplated herein.
Given all of the above, Guarantor does hereby represent and confirm to Lender that Guarantor is fully informed regarding, and that Guarantor does thoroughly understand: (i) the nature of all such possible defenses, and (ii) the
circumstances under which such defenses may arise, and (iii) the benefits which such defenses might confer upon Guarantor, and (iv) the legal consequences to Guarantor of waiving such defenses. Guarantor acknowledges that Guarantor makes
this Guaranty with the intent that this Guaranty and all of the informed waivers herein shall each and all be fully enforceable by Lender, and that Lender is induced to enter into this transaction in material reliance upon the presumed full
enforceability thereof. 

  

	18.	ADDITIONAL COVENANTS. 

  

	 	(a)	Pro Rata Net Worth. The Pro Rata Net Worth of Guarantor shall at all times be at least $225,000,000. 

  

	 	(b)	Pro Rata Leverage. The Pro Rata Leverage of Guarantor shall not at any time exceed 72.5%. 

  

	 	(c)	Unrestricted Cash and Marketable Securities. The Unrestricted Cash and Marketable Securities of Guarantor shall at all times be at least $10,000,000.

  

	 	(d)	Definitions. As used in this Section 18, the following terms shall have the following meanings: 

  

	 	(i)	“Pro-Rata Leverage” means, as of the date of determination, Total Pro-Rata Liabilities divided by Total Pro-Rata Adjusted Assets. 

  

	 	(ii)	“Pro Rata Net Worth” means, as of the date of determination, Total Pro-Rata Adjusted Assets minus Total Pro-Rata Liabilities. 

  

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	 	(iii)	“Total Pro-Rata Adjusted Assets” means, as of any date of determination thereof, the total assets of Guarantor (excluding equity in unconsolidated
subsidiaries), plus accumulated depreciation for consolidated properties of Guarantor, plus the pro-rata share of un-depreciated assets of unconsolidated subsidiaries of Guarantor, without duplication, determined in accordance with generally
accepted accounting principles, consistently applied. 

  

	 	(iv)	“Total Pro-Rata Liabilities” means, as of any date of determination thereof, the total liabilities of Guarantor, plus the pro-rata share of liabilities of
unconsolidated subsidiaries of Guarantor, without duplication, and in accordance with generally accepted accounting principles consistently applied. 

  

	 	(v)	“Unrestricted Cash and Marketable Securities” means, as of any date of determination thereof, all Cash and Marketable Securities of Guarantor and its
subsidiaries (and Guarantor’s share of cash and maketable securities of entities in which Guarantor owns and interest without duplication), without duplication, to the extent the same are not subject to any security interest, lien, use or
transfer restriction or other restriction. “Cash and Marketable Securities” means all monetary and non-monetary items belonging to Guarantor and its subsidiaries (and Guarantor’s share of cash and maketable securities of entities in
which Guarantor owns and interest without duplication), without duplication, that are treated as cash in accordance with generally accepted accounting principles, consistently applied, plus all cash equivalents, including, without limitation, all
investments (including, without limitation, investments of or by purchase or other acquisition of stock or other securities or by means of loan, advance, capital contribution, guaranty or other debt or equity participation or interest in any other
entity or otherwise, and partnership and joint venture interests of such entity) of the Guarantor and its subsidiaries (and Guarantor’s share of cash and maketable securities of entities in which Guarantor owns and interest without duplication)
in (a) readily marketable direct obligations of the United States of America or obligations fully guarantied by the United States of America (“Government Securities”) due within six (6) months after the date of the making of the
investment; (b) certificates of deposit issued by, bank deposits in, bankers’ acceptances of, and repurchase agreements covering Government Securities executed by, any bank doing business in and incorporated under the laws of the United
States of America or any state thereof and having on the date of such investment combined capital, surplus and undivided profits of at least $500,000,000.00, in each case due within six (6) months after the date of the making of the investment;
and/or (c) readily marketable commercial paper of corporations doing business in and incorporated under the laws of the United States of America or any state thereof given on the date of such investment the highest credit rating A 1/P 1 by
NCO/Moody’s Commercial Paper Division of Moody’s Investors Service, Inc. or Standard & Poor’s Corporation, in each case due within three (3) months after the date of the making of the investment.

  

	 	(e)	Reporting. Each Guarantor shall deliver to Lender: 

  

	 	(i)	As soon as available, but in no event later than one hundred twenty (120) days after such Guarantor’s fiscal year end, (1) a current financial statement
(including, without limitation, an income and expense statement and balance sheet) signed by such Guarantor’s chief financial officer or similar authorized officer, and (2) all other financial information reasonably requested by Lender;

  

	 	(ii)	Within thirty (30) days of Lender’s request, such annual and other financial information regarding such Guarantor as Lender may specify;

  

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	 	(iii)	Within fifty (50) days after the end of each fiscal quarter of each Guarantor a certification, in form and detail satisfactory to Lender, by such Guarantor’s
chief financial officer or similar authorized officer, certifying compliance with the provisions of this Section 18 and setting forth the calculations evidencing the same, together with all other evidence of compliance requested by Lender;

  

	 	(iv)	If audited financial information is prepared by a Guarantor, then within fifteen (15) days of its final preparation, such audited financial information; and

  

	 	(v)	On or before January 1 and August 1 of each calendar year, cash flow projections for each Guarantor for the following twelve-month period.

 Except as otherwise agreed to by Lender, all such financial information shall be prepared in accordance with
generally accepted accounting principles, consistently applied. Each Guarantor shall maintain complete books of account and other records, and the same shall be available for inspection and copying by Lender upon reasonable prior notice. 

 

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 IN WITNESS WHEREOF, Guarantor has executed this Guaranty as of the date appearing on the first page of
this Guaranty. 
  

					
	“GUARANTOR”
	
	THOMAS PROPERTIES GROUP, INC., a Delaware corporation
		
	By:	 	/s/ John R. Sischo
	Name: 	 	JOHN R. SISCHO
	Its:	 	Executive Vice President
	
	THOMAS PROPERTIES GROUP, L.P., a Maryland limited partnership
		
	By:	 	THOMAS PROPERTIES GROUP, INC., a Delaware corporation, its General Partner
			
		 	By:	 	/s/ John R. Sischo
		 	Name:	 	JOHN R. SISCHO
		 	Its:	 	Executive Vice President

  

 Signature Page – Amended and Restated Repayment GuarantySecond Modification Agreement

 EXHIBIT 10.43 
 Loan No. 104470 
 SECOND MODIFICATION AGREEMENT 

 Secured Loan 
 THIS SECOND MODIFICATION AGREEMENT (“Agreement”) dated October 13, 2009 is entered into by and between WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”), and NEW TPG-FOUR POINTS, L.P., a Texas limited partnership
(“Borrower”). 
 R E C I T A L S 
  

	A.	Pursuant to the terms of a Construction Loan Agreement between Borrower and Lender dated June 11, 2007 (as amended, the “Loan Agreement”), as amended by
the Modification Agreement, dated June 23, 2009, Lender made a loan to Borrower in the principal amount of Forty-Two Million Six Hundred Seventy Thousand Dollars ($42,670,000) (the “Loan”). The Loan is evidenced by a Promissory Note
dated as of the date of the Loan Agreement, executed by Borrower in favor of Lender, in the principal amount of the Loan (the “Note”), and is further evidenced by the documents described in the Loan Agreement as “Loan Documents”.
The Note is secured by, among other things, a Deed of Trust with Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing (as amended, the “Deed of Trust”) dated June 11, 2007, executed by Borrower, as Grantor,
to Stephen Prinz, as Trustee, in favor of Lender, as Beneficiary. The Deed of Trust was recorded June 13, 2007, as Instrument or Document No. 2007108252, in the Official Public Records of Travis County, Texas, and amended by the Memorandum
of Modification Agreement Amending Deed of Trust, dated June 23, 2009, and recorded June 30, 2009, as Instrument or Document No. 2009109233, in the Official Public Records of Travis County, Texas. 

  

	B.	As of the date hereof, the outstanding principal balance of the Loan is $29,668,591.31 and the undisbursed commitment amount is $10,776,408.69.

  

	C.	The Note, Deed of Trust, Loan Agreement, this Agreement, the other documents described in the Loan Agreement as “Loan Documents”, together with all
modifications and amendments thereto and any document required hereunder, are collectively referred to herein as the “Loan Documents”. All capitalized terms not otherwise defined herein shall have the meanings given to them in the Loan
Agreement. 

  

	D.	By this Agreement, Borrower and Lender intend to modify and amend certain terms and provisions of the Loan Documents. 

 NOW, THEREFORE, Borrower and Lender agree as follows: 
  

	1.	CONDITIONS PRECEDENT. The following are conditions precedent to Lender’s obligations under this Agreement: 

  

	 	1.1	Receipt and approval by Lender of the standard Texas promulgated form of Mortgage Policy of Title Insurance from Chicago Title Insurance Company, together with any
endorsements which Lender may require, insuring Lender, in the principal amount of $40,445,000, of the validity and the priority of the lien of the Amended Deed of Trust (as hereinafter defined) upon the Property, subject only to matters approved by
Lender in writing; 

  

	 	1.2	Receipt by Lender of the executed originals of this Agreement, the Amended and Restated Promissory Note Secured by Deed of Trust, which note amends, restates and
replaces the Note (the “Amended Note), the Amended and Restated Deed of Trust with Absolute Assignment of Leases and Rent, Security Agreement and Fixture Filing, which deed of trust amends, restates and replaces the Deed of Trust (the
“Amended Deed of Trust”), the Reaffirmation and Second Amendment of Repayment and Completion Guaranty by Thomas Properties Group, Inc., the Reaffirmation and Second Amendment of Repayment and Completion Guaranty by Thomas Properties Group,
L.P., the Reaffirmation and Amendment of Hazardous Materials Indemnity by Thomas Properties Group, Inc., the Reaffirmation and Amendment of Hazardous Materials Indemnity by Thomas Properties Group, L.P., and any and all other documents and
agreements which are required by this Agreement or by any other Loan Document, each in form and content acceptable to Lender; 

  

	 	1.3	Recordation in the Official Public Records of the County where the Property is located of (i) the Amended Deed of Trust, and (ii) any other documents (if any)
which are required to be recorded by this Agreement or by any other Loan Document; 

	 	1.4	Reimbursement to Lender by Borrower of Lender’s costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby, including,
without limitation, title insurance costs, recording fees, attorneys’ fees, appraisal, engineers’ and inspection fees and documentation costs and charges, whether such services are furnished by Lender’s employees or agents or by
independent contractors, an Internal Administrative Expense Fee in the amount of $2,500, and an Appraisal Fee in the amount of $29,400 and an Environmental Fee in the amount of $1,500; 

  

	 	1.5	The representations and warranties contained in this Agreement are true and correct; 

  

	 	1.6	All payments due and owing to Lender under the Loan Documents have been paid current as of the effective date of this Agreement; 

  

	 	1.7	The payment to Lender of an extension fee in the amount of $326,950. 

  

	2.	INCORPORATION OF RECITALS; EFFECTIVE DATE. The foregoing recitals are incorporated herein as an agreement of Borrower and Lender. The date of this
Agreement is for reference purposes only. The effective date of Borrower’s and Lender’s obligations under this Agreement is the date of recordation of the Amended Deed of Trust in the Official Public Records of Travis County, Texas (the
“Effective Date”). 

  

	3.	REPRESENTATIONS AND WARRANTIES. Borrower hereby represents and warrants that no Default, breach or failure of condition has occurred, or would exist with
notice or the lapse of time or both, under any of the Loan Documents (as modified by this Agreement) and that all representations and warranties herein and in the other Loan Documents are true and correct, which representations and warranties shall
survive execution of this Agreement. 

  

	4.	MODIFICATION OF LOAN DOCUMENTS. The Loan Documents are hereby supplemented and modified to incorporate the following, which shall supersede and prevail
over any conflicting provisions of the Loan Documents: 

  

	 	4.1	Defined Terms. Section 1.1 of the Loan Agreement is hereby amended as follows: 

  

	 	(a)	Adjusted Net Operating Income. A new defined term “Adjusted Net Operating Income” is hereby added to the Loan Agreement as follows:

 “Adjusted Net Operating Income” means Net Operating Income; provided, however, that for
purposes of calculating Permitted Operating Expenses, taxes and insurance premiums shall be annualized, rather than allocated only to the time period within which such items are actually paid. 
  

	 	(b)	Appraised Land Ratio. A new defined term “Appraised Land Ratio” is hereby added to the Loan Agreement as follows: 

 “Appraised Land Ratio” means the Land Loan Allocation, as of the date of determination, as a percentage of the
“as-is” bulk value of the Undeveloped Property. 
  

	 	(c)	Equity Contribution. A new defined term “Equity Contribution” is hereby added to the Loan Agreement as follows: 

 “Equity Contribution” has the meaning given to such term in Section 2.14. 
  

	 	(d)	First Extended Maturity Date. The defined term “First Extended Maturity Date” is hereby deleted and replaced in its entirety with the following:

 “First Extended Maturity Date” means July 31, 2013. 
  

	 	(e)	First Extension Appraised Value. A new defined term “First Extension Appraised Value” is hereby added as follows: 

 “First Extension Appraised Value” means the sum of (i) the then-current appraised “as-stabilized” value of
the Office Parcel (including the improvements located thereon), (ii) the then-current appraised “as-is” value of any other improved real property encumbered by the lien of the Deed of Trust and (iii) the then-current appraised
“as-is” bulk value of any unimproved land encumbered by the Deed of Trust. 
  

 Page 2 

	 	(f)	Land Loan Allocation. A new defined term “Land Loan Allocation” is hereby added to the Loan Agreement as follows: 

 “Land Loan Allocation” means, as of the date of determination, an amount equal to $5,100,000 minus the sum of all Release
Prices paid to Lender in accordance with Section 2.10. 
  

	 	(g)	Loan. The defined term “Loan” is hereby deleted and replaced in its entirety with the following: 

 “Loan” means the principal sum that Lender agrees to lend and Borrower agrees to borrow pursuant to the terms and
conditions of this Agreement: Forty Million Four Hundred Forty-Five Thousand Dollars ($40,445,000). 
  

	 	(h)	Loan-to-Value Ratio. A new defined term “Loan-to-Value Ratio” is hereby added as follows: 

 “Loan-to-Value Ratio” means the commitment amount of the Loan, as of the date of determination, as a percentage of the
value of the Property and Improvements then remaining encumbered by the Deed of Trust. 
  

	 	(i)	Maturity Date. The defined term “Maturity Date” is hereby deleted and replaced in its entirety with the following: 

 “Maturity Date” means the Original Maturity Date, First Extended Maturity Date, or the Second Extended Maturity Date, as
applicable. 
  

	 	(j)	New TPG Loan Documents. The defined term “New TPG Loan Documents” is hereby deleted in its entirety as are all references thereto in the Loan
Documents. 

  

	 	(k)	Office Buildings. A new defined term “Office Buildings” is hereby added as follows: 

 “Office Buildings” means the two office buildings, containing approximately 191,982 square feet, in the aggregate, which
have been constructed by Borrower on the Property. 
  

	 	(l)	Office Parcel. A new defined term “Office Parcel” is hereby added as follows: 

 “Office Parcel” means the portion of the Property on which the Office Buildings are located. 
  

	 	(m)	Original Maturity Date. The defined term “Original Maturity Date” is hereby deleted and replaced in its entirety with the following:

 “Original Maturity Date” means July 31, 2012. 
  

	 	(n)	Other Note and Other Deed of Trust. The defined terms “Other Note” and “Other Deed of Trust” are hereby deleted in their entirety as are all
references thereto in the Loan Documents. 

  

	 	(o)	Release Price. A new defined term “Release Price” is hereby added as follows: 

 “Release Price” means, with respect to each Release Site, the amount specified for such Release Site in Exhibit J.

  

	 	(p)	Release Site. A new defined term “Release Site” is hereby added as follows: 

 “Release Site” has the meaning given such term in Section 2.10. 
  

	 	(q)	Second Extended Maturity Date. The defined term “Second Extended Maturity Date” is hereby deleted and replaced in its entirety with the following:

 “Second Extended Maturity Date” means July 31, 2014. 
  

 Page 3 

	 	(r)	Second Extension Appraised Value. A new defined term “Second Extension Appraised Value” is hereby added as follows: 

 “Second Extension Appraised Value” means the sum of (i) the then-current appraised “as-is” value of the
Office Parcel (including the improvements located thereon), (ii) the then-current appraised “as-is” value of any other improved real property encumbered by the lien of the Deed of Trust and (iii) the then-current appraised
“as-is” bulk value of any unimproved land encumbered by the Deed of Trust. 
  

	 	(s)	Undeveloped Property. A new defined term “Undeveloped Property” is hereby added to the Loan Agreement as follows: 

 “Undeveloped Property” means all of the Property encumbered by the Deed of Trust, as of the date of determination, with the
exception of the Office Parcel. 
  

	 	4.2	Partial Release. Section 2.10 of the Loan Agreement is hereby deleted and replaced in its entirety, with the following: 

  

	 	“2.10 	PARTIAL RELEASE OF LIEN. At any time prior to the Maturity Date, Lender shall, at Borrower’s request, issue a partial release of any legal parcel
encumbered by the Deed of Trust (with the exception of the Office Parcel) (a “Release Site”) from the lien of the Deed of Trust in accordance with the terms and provisions set forth herein; provided, however, that
prior to or simultaneously with each such partial release of liens, all of the following conditions shall be satisfied: 

  

	 	(a)	No Default shall have occurred and be continuing under the Loan Documents, and no event or condition which, with the giving of notice or the passage of time or both,
would constitute a Default shall have occurred and be continuing, and Borrower shall so certify in writing; 

  

	 	(b)	Lender shall have received any and all sums then due and owing under the Loan Documents together with all escrow, closing and recording costs, the costs of preparing
and delivering such partial release of lien and the cost of any title insurance endorsements required by Lender, including, without limitation, an endorsement pursuant to Procedural Rule P-9b(3) of the Basic Manual of Rules, Rates and Forms for the
writing of Title Insurance in the State of Texas; 

  

	 	(c)	Lender shall have received evidence satisfactory to Lender that: (i) the Release Site and the portion of the Property and Improvements which shall remain
encumbered by the Deed of Trust are each legal parcels lawfully created in compliance with all subdivision laws and ordinances and, at Borrower’s sole cost, Lender shall have received any title insurance endorsements or other evidence to that
effect requested by Lender; and (ii) the portion of the Property and Improvements which shall remain encumbered by the Deed of Trust have the benefit of all utilities, easements, public and/or private streets, covenants, conditions and
restrictions as may be necessary, in Lender’s sole opinion, for the anticipated development, improvement and operation thereof; 

  

	 	(d)	For each Release Site, Lender shall have received the applicable Release Price; 

  

	 	(e)	Lender shall have received a written release satisfactory to Lender of any set aside letter, letter of credit or other form of undertaking which Lender has issues to
any surety, governmental agency or any other party in connection with the Loan and/or the Property and Improvements; 

  

	 	(f)	Lender shall have received evidence satisfactory to Lender that any tax or assessment which constitutes a lien against the Property and Improvements has been properly
allocated between the Release Site and the portion of the Property and Improvements which shall remain encumbered by the Deed of Trust; 

  

 Page 4 

	 	(g)	The Loan-to-Value Ratio of the Property and Improvements which shall remain encumbered by the Deed of Trust (with “value” determined (i) on or before the
First Extended Maturity Date, in accordance with the definition of “First Extension Appraised Value” and (ii) after the First Extended Maturity Date, in accordance with the definition of the “Second Extension Appraised
Value”, in each case pursuant to a written appraisal, not more than 90 days old, obtained by Lender, at Borrower’s cost, and prepared in accordance with the requirements of the Comptroller of the Currency) shall not exceed seventy-five
percent (75%); 

  

	 	(h)	In lieu of satisfying the Loan-to-Value Ratio requirement in clause (g) above, Borrower may request that Lender appraise only the Undeveloped Property (excluding
the Release Site) in order to confirm whether or not the Appraised Land Ratio exceeds fifty percent (50%). If the Appraised Land Ratio (as determined pursuant to a written appraisal, not more than 90 days old, obtained by Lender, at Borrower’s
cost, and prepared in accordance with the requirements of the Comptroller of the Currency ) exceeds fifty percent (50%), then Borrower shall elect to either (i) repay such portion of the Loan as will reduce the Appraised Land Ratio to fifty
percent (50%) or (ii) satisfy the Loan-to-Value Ratio requirement of clause (g) above. If Borrower elects to proceed in accordance with clause (ii) in the immediately preceding sentence, then Borrower shall have no obligation to
repay any amount pursuant to this clause (h); provided, however, that if the Loan-to-Value Ratio of the Property exceeds seventy-five percent (75%), then Borrower shall be required to repay such amount of the outstanding principal balance of the
Loan as will reduce the Loan-to-Value Ratio to not greater than seventy-five percent (75%). Following the appraisal of the Property pursuant to Borrower’s election to proceed in accordance with clause (ii) above, Borrower shall have no
right to reduce the Appraised Land Ratio in lieu of satisfying the Loan-to-Value Ratio requirement in clause (g) above and shall in all events be required to satisfy clause (g) above. Any amounts repaid may not be reborrowed; and

  

	 	(i)	Borrower shall have paid the Equity Contribution; provided, however, that Borrower may pay the Equity Contribution concurrently with the release of a Release Site in
order to satisfy the foregoing if Borrower has not paid the Equity Contribution as of the date of Borrower’s request to release a Release Site. Any amounts so paid shall be deemed paid on account of the Equity Contribution payments required
pursuant to Section 2.14. Any amounts repaid may not be reborrowed. 

 Neither the acceptance of any
payment nor the issuance of a partial release of lien by Lender shall affect Borrower’s obligation to repay all amounts owing under the Loan Documents.” 
  

	 	4.3	First Option to Extend. Section 2.12 of the Loan Agreement is hereby deleted and replaced in its entirety with the following: 

  

	 	“2.12 	FIRST OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the Original Maturity Date to the First Extended Maturity Date, upon
satisfaction of each of the following conditions precedent: 

  

	 	(a)	Borrower shall provide Lender with written notice of Borrower’s request to exercise the First Option to Extend at least forty-five (45) days prior to the
Original Maturity Date; 

  

	 	(b)	As of the date of Borrower’s delivery of notice of request to exercise the First Option to Extend, and as of the Original Maturity Date, no Default shall have
occurred and be continuing, and no event or condition which, with the giving of notice or the passage of time or both, would constitute a Default shall have occurred and be continuing, and Borrower shall so certify in writing;

  

	 	(c)	Borrower shall execute or cause the execution of all documents reasonably required by Lender to exercise the First Option to Extend and shall deliver to Lender, at
Borrower’s sole cost and expense, such title insurance endorsements reasonably required by Lender; 

  

 Page 5 

	 	(d)	Guarantor shall have confirmed that it remains in compliance with the financial covenants in the Guaranty; 

  

	 	(e)	On the Original Maturity Date, Borrower shall pay to Lender an extension fee in the amount of one quarter of one percent (0.25%) of the total commitment amount of the
Loan (whether disbursed or undisbursed), as determined on the Original Maturity Date; 

  

	 	(f)	At Lender’s option, Lender shall have received, at Borrower’s expense, a written appraisal dated within 90 days of the Original Maturity Date and prepared in
conformance with the requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the Loan-to-Value Ratio (with “value” deemed to be the First Extension Appraised Value) does not exceed seventy-five percent
(75%); provided, however, if the Loan-to-Value Ratio exceeds seventy-five percent (75%), then Borrower may pay down the outstanding principal balance of the Loan in an amount sufficient to reduce the Loan-to-Value Ratio to an amount not greater than
seventy-five percent (75%). Any amounts repaid may not be reborrowed; 

  

	 	(g)	As of the Original Maturity Date, the undisbursed commitment amount of the Loan, together with any Borrower’s Funds on deposit in the Borrower’s Funds
Account, shall be sufficient, as determined by Lender in its discretion, to (i) pay, through completion, all costs of development, construction, marketing and sale or leasing of the Property and Improvements in accordance with the Loan
Documents; (ii) pay all sums which may accrue under the Loan Documents prior to the First Extended Maturity Date; and (iii) enable Borrower to perform and satisfy all of the covenants to be performed by Borrower under the Loan Documents;
provided, however, that if the sum of the undisbursed commitment amount of the Loan, together with any Borrower’s Funds on deposit in the Borrower’s Funds Account, is insufficient to satisfy the foregoing obligations, then Borrower may
deposit additional funds into the Borrower’s Funds Account in order to satisfy such requirement. If Borrower deposits additional Borrower’s Funds in accordance with the foregoing, then prior to the disbursement of any proceeds of the Loan,
Lender shall revise Exhibit C to reflect, by line item, the actual application by Borrower of amounts for such line item and the appropriate adjustment to the Disbursement Budget and Disbursement Plan called for as a result thereof, and such
revised Exhibit C shall be deemed to replace the version of Exhibit C attached to the Loan Agreement immediately prior to such revision without the taking of any further action by Lender or Borrower; 

  

	 	(h)	Lender shall have received a Down-Date Endorsement pursuant to Procedural Rule P-9b(4), and the other endorsements amending the mechanic’s lien and
materialmen’s lien coverage and, if applicable, deleting the pending disbursements clause pursuant to Procedural Rule P-8b(2), and, if applicable, a Form T38 Endorsement pursuant to Procedural Rule P-9b(3) to the Title Policy in form and
content satisfactory to Lender; and 

  

	 	(i)	The fraction, expressed as a percentage, calculated by dividing the Adjusted Net Operating Income of the Property and Improvements by the outstanding principal balance
of the Loan, as of the Original Maturity Date, shall be at least eight percent (8.00%); provided, however, if such percentage is less than eight percent (8.00%), then Borrower may pay down the outstanding principal balance of the Loan in an amount
sufficient to satisfy the foregoing requirement. Notwithstanding the definition of Adjusted Net Operating Income, for purposes of determining compliance with this clause (i), Lender may elect, in its sole and absolute discretion, to include
projected revenues and expenses relating to leases entered into by Borrower with third-party tenants that would not otherwise be included for purposes of calculating Adjusted Net Operating Income as a result of the fact that the tenants thereunder
had not been paying rent for some or all of the period prior to the Reference Date. Any amounts repaid may not be reborrowed. 

 Except as modified by the First Option to Extend, the terms and condition of this Agreement and the other Loan Documents, as modified and approved by Lender, shall remain unmodified and in full force and
effect.” 
  

 Page 6 

	 	4.4	Second Option to Extend. Section 2.13 of the Loan Agreement is hereby deleted and replaced in its entirety with the following: 

  

	 	“2.13 	SECOND OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the First Extended Maturity Date to the Second Extended Maturity
Date, upon satisfaction of each of the following conditions precedent: 

  

	 	(a)	Borrower shall provide Lender with written notice of Borrower’s request to exercise the Second Option to Extend at least forty-five (45) days prior to the
First Extended Maturity Date; 

  

	 	(b)	As of the date of Borrower’s delivery of notice of request to exercise the Second Option to Extend, and as of the First Extended Maturity Date, no Default shall
have occurred and be continuing, and no event or condition which, with the giving of notice or the passage of time or both, would constitute a Default shall have occurred and be continuing, and Borrower shall so certify in writing;

  

	 	(c)	Borrower shall execute or cause the execution of all documents reasonably required by Lender to exercise the Second Option to Extend and shall deliver to Lender, at
Borrower’s sole cost and expense, such title insurance endorsements reasonably required by Lender; 

  

	 	(d)	Guarantor shall have confirmed that it remains in compliance with the financial covenants in the Guaranty; 

  

	 	(e)	On the First Extended Maturity Date, Borrower shall pay to Lender an extension fee in the amount of one quarter of one percent (0.25%) of the total commitment amount of
the Loan (whether disbursed or undisbursed), as determined on the First Extended Maturity Date; 

  

	 	(f)	At Lender’s option, Lender shall have received a written appraisal dated within 90 days of the First Extended Maturity Date and prepared, at Borrower’s
expense, in conformance with the requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the Loan-to-Value Ratio (with “value” deemed to be the Second Extension Appraised Value) does not exceed
seventy-five percent (75%); provided, however, if the Loan-to-Value Ratio exceeds seventy-five percent (75%), then Borrower may pay down the outstanding principal balance of the Loan in an amount sufficient to reduce the Loan-to-Value Ratio to an
amount not greater than seventy-five percent (75%). Any amounts repaid may not be reborrowed; 

  

	 	(g)	Lender shall have received a Down-Date Endorsement pursuant to Procedural Rule P-9b(4), and the other endorsements amending the mechanic’s lien and
materialmen’s lien coverage and, if applicable, deleting the pending disbursements clause pursuant to Procedural Rule P-8b(2), and, if applicable, a Form T38 Endorsement pursuant to Procedural Rule P-9b(3) to the Title Policy in form and
content satisfactory to Lender; 

  

	 	(h)	Lender shall have received and approved evidence that tenants (pursuant to written lease agreements approved by Lender or otherwise in compliance with the terms of this
Agreement and in conformance with the most recent appraisal [specifically, with respect to rental rate, Concessions and term]) lease at least ninety percent (90%) of the aggregate net rentable area of the Office Buildings. At Lender’s
option, Lender shall have the right to receive, at Borrower’s expense, an updated appraisal for purposes of determining Borrower’s compliance with the foregoing; 

  

	 	(i)	 The fraction, expressed as a percentage, calculated by dividing the Adjusted Net Operating Income of the Property and Improvements by the outstanding
principal balance of the Loan, as of the First Extended Maturity Date, shall be at least eight and sixty-five hundredths percent (8.65%); provided, however, if such percentage is less than eight and sixty-five hundredths percent (8.65%), then
Borrower may pay down the outstanding

  

 Page 7 

	 	 
principal balance of the Loan in an amount sufficient to satisfy the foregoing requirement. Notwithstanding the definition of Adjusted Net Operating Income, for purposes of determining compliance
with this clause (i), Lender may elect, in its sole and absolute discretion, to include projected revenues and expenses relating to leases entered into by Borrower with third-party tenants that would not otherwise be included for purposes of
calculating Adjusted Net Operating Income as a result of the fact that the tenants thereunder had not been paying rent for some or all of the period prior to the Reference Date. Any amounts repaid may not be reborrowed; and

  

	 	(j)	As of the First Extended Maturity Date, the undisbursed commitment amount of the Loan, together with any Borrower’s Funds on deposit in the Borrower’s Funds
Account, shall be sufficient, as determined by Lender in its discretion, to (i) pay, through completion, all costs of development, construction, marketing and sale or leasing of the Property and Improvements in accordance with the Loan
Documents; (ii) pay all sums which may accrue under the Loan Documents prior to the Second Extended Maturity Date; and (iii) enable Borrower to perform and satisfy all of the covenants to be performed by Borrower under the Loan Documents;
provided, however, that if the sum of the undisbursed commitment amount of the Loan, together with any Borrower’s Funds on deposit in the Borrower’s Funds Account, is insufficient to satisfy the foregoing obligations, then Borrower may
deposit additional funds into the Borrower’s Funds Account in order to satisfy such requirement. If Borrower deposits additional Borrower’s Funds in accordance with the foregoing, then prior to the disbursement of any proceeds of the Loan,
Lender shall revise Exhibit C to reflect, by line item, the actual application by Borrower of amounts for such line item and the appropriate adjustment to the Disbursement Budget and Disbursement Plan called for as a result thereof, and such
revised Exhibit C shall be deemed to replace the version of Exhibit C attached to the Loan Agreement immediately prior to such revision without the taking of any further action by Lender or Borrower. 

 Except as modified by the Second Option to Extend, the terms and condition of this Agreement and the other Loan Documents as modified and
approved by Lender shall remain unmodified and in full force and effect.” 
  

	 	4.5	Additional Equity Contribution. Section 2.14 of the Loan Agreement is hereby deleted and replaced in its entirety with the following:

  

	 	2.14 	ADDITIONAL EQUITY CONTRIBUTIONS. Borrower shall repay the following portions of the outstanding principal amount of the Loan on the dates specified (the
cumulative amount, equal to $7,750,000, being referred to as the “Equity Contribution”). Borrower shall not receive a credit against the following required repayments for any Release Price previously paid and any amounts repaid may
not be reborrowed: 

  

	 	(a)	$3,875,000 on November 15, 2009; 

  

	 	(b)	$1,291,667 on January 31, 2010; 

  

	 	(c)	$1,291,666 on June 30, 2010; and 

  

	 	(d)	$1,291,667 on December 31, 2010. 

  

	 	4.6	Derivative Documents. The following is hereby added to the Loan Agreement as a new Section 9.13: 

  

	 	“9.13	DERIVATIVE DOCUMENTS. If Borrower purchases from Lender any swap, derivative, foreign exchange or hedge transaction or arrangement (or other similar
transaction or arrangement howsoever described or defined) in connection with the Loan, Borrower shall, upon receipt from Lender, execute promptly all documents evidencing such transaction, including without limitation the ISDA Master Agreement, the
Schedule to the ISDA Master Agreement and the ISDA Confirmation.” 

  

 Page 8 

	 	4.7	Defaults. Sections 11.1(r), (s), (t) and (u) are hereby deleted and replaced in their entirety with the following:

  

	 	(r)	Default Under Guaranty. The occurrence of a default beyond the expiration of any applicable notice and cure periods under any guaranty now or hereafter
executed in connection with the Loan, including, without limitation, any Guarantor’s failure to perform any covenant, condition or obligation thereunder. 

  

	 	(s)	Default Under Unsecured Indemnity Agreement. The occurrence of a default beyond the expiration of any applicable notice and cure periods under either or
both of those certain Hazardous Materials Indemnity Agreements (Unsecured) executed by Thomas Properties Group, Inc., a Delaware corporation and Thomas Properties Group, L.P., a Maryland limited partnership, each as Indemnitor, in favor of Lender,
and dated June 11, 2007 (as amended), including, without limitation, either such Indemnitor’s failure to perform any covenant, condition or obligation thereunder. 

  

	 	(t)	Default in Compliance with Financial Covenants. The failure of Borrower or any Guarantor to satisfy any financial covenant described in the Loan Agreement
or under the Guaranty. 

  

	 	(u)	Default Under Swap. The occurrence of a default by Borrower beyond the expiration of any applicable notice and cure periods or a termination event with
respect to Borrower under any swap, derivative, foreign exchange or hedge transaction or arrangement (or similar transaction or arrangement howsoever described or defined) at any time entered into between Borrower and Lender in connection with the
Loan. 

  

	 	(v)	Pledge of Interests in Borrower. The pledge or encumbrance by Thomas Properties Group, L.P., a Maryland limited partnership, of all or any portion of its
interest in TPG-New FP GP, LLC, a Delaware limited liability company and/or the pledge or encumbrance by TPG-New FP GP, LLC of all or any portion of its interest in Borrower.” 

  

	 	4.8	Legal Description. The legal description of the Property attached as Exhibit A to the Loan Agreement is hereby deleted and replaced in its entirety with
Exhibit A attached hereto. 

  

	 	4.9	Financial Requirements Analysis. The Financial Requirements Analysis attached to the Loan Agreement as Exhibit C is hereby deleted and replaced, in its
entirety, with Exhibit C attached hereto. 

  

	 	4.10	Disbursement Plan. The Disbursement Plan attached to the Loan Agreement as Exhibit D is hereby deleted and replaced, in its entirety, with Exhibit D attached hereto.

  

	 	4.11	Release Prices. Exhibit J attached hereto is hereby added as a new Exhibit J to the Loan Agreement. 

  

	 	4.12	Documents. Each reference in the Loan Documents to the Note shall refer to the Amended Note (as amended, restated or replaced from time to time), each reference
in the Loan Documents to the Deed of Trust shall mean the Amended Deed of Trust (as amended, restated or replaced from time to time), and each reference in the Loan Documents to the Property shall mean the Property, as described in Exhibit A
attached hereto. 

  

	5.	INTERIM TEST. 

  

	 	(a)	As of January 31, 2011, sixty-five percent (65%) of the aggregate net rentable area of the Office Buildings shall be leased (pursuant to written lease
agreements approved by Lender or otherwise in compliance with the terms of the Loan Agreement) to third-party tenants who are not in default under their respective leases, at rental rates which meet or exceed the greater of (i) pro forma rental
rates (taking into account any Concessions) specified in the most recent appraisal of the Property and Improvements and (ii) a weighted average rental rate (taking into account Concessions) of $16 per square foot (“Leased”). If
Borrower fails to satisfy the foregoing, then Borrower shall, on or before February 15, 2011, deposit into a blocked account (the “Interest Disbursement Account”) in the name of Borrower (which account is hereby pledged to
Lender as additional collateral for the Loan), the Interest Deposit. For purposes hereof: 

 “Interest
Deposit” shall mean an amount equal to one and one-half (1.5) times the Annual Expected Interest Charge minus the sum of (i) Pro Forma Net Operating Income plus (ii) any funds remaining in the budget attached to
the Loan Agreement as Exhibit C which are allocated for interest expense, if any. 
  

 Page 9 

 “Pro Forma Net Operating Income” means Gross Operating Income expected to
be generated from the Property and Improvements for the immediately following 18-month period (without giving credit for rents due from tenants in material default under their respective leases) minus Permitted Operating Expenses expected to
be incurred by Borrower for such period, each as determined by Lender, in its discretion. 
 “Annual Expected Interest
Charge” means the Average LIBO Rate plus 3.50% multiplied by the then outstanding principal balance of the Loan. 
 “Average LIBO Rate” means, as of the date of determination, the average daily LIBO Rate (as defined in the Amended Note) for the immediately preceding thirty (30) days. 

 

	 	(b)	If, as of January 31, 2011, less than thirty-five percent (35%) of the aggregate net rentable area of the Office Buildings is Leased, then in addition to
depositing the Interest Deposit into the Interest Disbursement Account as required above, Borrower shall, at the same time that it deposits funds into the Interest Disbursement Account, be required to repay a portion of the outstanding principal
amount of the Loan, in an amount equal to $2,000,000. Any amounts repaid may not be reborrowed. 

  

	 	(c)	Funds deposited into the Interest Disbursement Account shall be disbursed by Lender for interest expense in accordance Section 10 of the disbursement plan attached
to the Loan Agreement as Exhibit D, and all funds in the Interest Disbursement Account shall have been disbursed before any Loan proceeds are disbursed for interest expense. 

  

	6.	FORMATION AND ORGANIZATIONAL DOCUMENTS. Borrower has previously delivered to Lender all of the relevant formation and organizational documents of
Borrower, of the partners or joint venturers of Borrower (if any), and of all guarantors of the Loan (if any), and all such formation documents remain in full force and effect and have not been amended or modified since they were delivered to
Lender. Borrower hereby certifies that: (i) the above documents are all of the relevant formation and organizational documents of Borrower; (ii) they remain in full force and effect; and (iii) they have not been amended or modified
since they were previously delivered to Lender. 

  

	7.	HAZARDOUS MATERIALS. Without in any way limiting any other provision of this Agreement, Borrower expressly reaffirms as of the date hereof, and continuing
hereafter: (i) each and every representation and warranty in the Loan Documents respecting “Hazardous Materials”; and (ii) each and every covenant and indemnity in the Loan Documents respecting “Hazardous Materials”.

  

	8.	ACKNOWLEDGMENT BY BORROWER. Borrower hereby acknowledges, agrees and represents that (i) Borrower is indebted to Lender pursuant to the terms of the
Amended Note; (ii) the liens, security interests and assignments created and evidenced by the Loan Documents are, respectively, valid and subsisting liens, security interests and assignments of the respective dignity and priority recited in the
Loan Documents; (iii) there are no claims or offsets against, or defenses or counterclaims to, the terms or provisions of the Loan Documents, and the other obligations created or evidenced by the Loan Documents; (iv) Borrower has no
claims, offsets, defenses or counterclaims arising from any of Lender’s acts or omissions with respect to the Property, the Loan Documents or Lender’s performance under the Loan Documents or with respect to the Property; (v) the
representations and warranties contained in the Loan Documents are true and correct representations and warranties of Borrower and third parties, as of the date hereof; and (iv) Lender is not in default and no event has occurred which, with the
passage of time, giving of notice, or both, would constitute a default by Lender of Lender’s obligations under the terms and provisions of the Loan Documents. To the extent Borrower now has any claims, offsets, defenses or counterclaims against
Lender or the repayment of all or a portion of the Loan, whether known or unknown, fixed or contingent, same are hereby forever irrevocably waived and released in their entirety. 

  

	9.	NON-IMPAIRMENT. Except as expressly provided herein, nothing in this Agreement shall alter or affect any provision, condition, or covenant contained in
the Note or other Loan Document or affect or impair any rights, powers, or remedies of Lender, it being the intent of the parties hereto that the provisions of the Note and other Loan Documents shall continue in full force and effect except as
expressly modified hereby. 

  

 Page 10 

	10.	MISCELLANEOUS. This Agreement and the other Loan Documents shall be governed by and interpreted in accordance with the laws of the State of Texas, except
if preempted by federal law. In any action brought or arising out of this Agreement or the Loan Documents, Borrower, and the general partners and joint venturers of Borrower, hereby consent to the jurisdiction of any federal or state court having
proper venue within the State of Texas and also consent to the service of process by any means authorized by Texas or federal law. The headings used in this Agreement are for convenience only and shall be disregarded in interpreting the substantive
provisions of this Agreement. All capitalized terms used herein, which are not defined herein, shall have the meanings given to them in the other Loan Documents. Time is of the essence of each term of the Loan Documents, including this Agreement. If
any provision of this Agreement or any of the other Loan Documents shall be determined by a court of competent jurisdiction to be invalid, illegal or unenforceable, that portion shall be deemed severed from this Agreement and the remaining parts
shall remain in full force as though the invalid, illegal, or unenforceable portion had never been a part thereof. 

  

	11.	INTEGRATION; INTERPRETATION. The Loan Documents, including this Agreement, contain or expressly incorporate by reference the entire agreement of the
parties with respect to the matters contemplated therein and supersede all prior negotiations or agreements, written or oral. The Loan Documents shall not be modified except by written instrument executed by all parties. Any reference to the Loan
Documents includes any amendments, renewals or extensions now or hereafter approved by Lender in writing. 

  

	12.	EXECUTION IN COUNTERPARTS. To facilitate execution, this document may be executed in as many counterparts as may be convenient or required. It shall not
be necessary that the signature of, or on behalf of, each party, or that the signature of all persons required to bind any party, appear on each counterpart. All counterparts shall collectively constitute a single document. It shall not be necessary
in making proof of this document to produce or account for more than a single counterpart containing the respective signatures of, or on behalf of, each of the parties hereto. Any signature page to any counterpart may be detached from such
counterpart without impairing the legal effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to it additional signature pages. 

  

	13.	INTEREST PROVISIONS. 

  

	 	13.1	 Savings Clause. It is expressly stipulated and agreed to be the intent of Borrower and Lender at all times to comply strictly with the
applicable Texas law governing the maximum rate or amount of interest payable on the note or the Related Indebtedness (or applicable United States federal law to the extent that it permits Lender to contract for, charge, take, reserve or receive a
greater amount of interest than under Texas law). If the applicable law is ever judicially interpreted so as to render usurious any amount (i) contracted for, charged, taken, reserved or received pursuant to the note, any of the other Loan
Documents or any other communication or writing by or between Borrower and Lender related to the transaction or transactions that are the subject matter of the Loan Documents, (ii) contracted for, charged or received by reason of Lender’s
exercise of the option to accelerate the maturity of the note and/or the Related Indebtedness, or (iii) Borrower will have paid or Lender will have received by reason of any voluntary prepayment by Borrower of the note and/or the Related
Indebtedness, then it is Borrower’s and Lender’s express intent that all amounts charged in excess of the Maximum Lawful Rate shall be automatically cancelled, ab initio, and all amounts in excess of the Maximum Lawful Rate
theretofore collected by Lender shall be credited on the principal balance of the note and/or the Related Indebtedness (or, if the note and all Related Indebtedness have been or would thereby be paid in full, refunded to Borrower), and the
provisions of the note and the other Loan Documents immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, without the necessity of the execution of any new document, so as to comply with the
applicable law, but so as to permit the recovery of the fullest amount otherwise called for hereunder and thereunder; provided, however, if the note has been paid in full before the end of the stated term of the note, then Borrower and Lender agree
that Lender shall, with reasonable promptness after Lender discovers or is advised by Borrower that interest was received in an amount in excess of the Maximum Lawful Rate, either refund such excess interest to Borrower and/or credit such excess
interest against the note and/or any Related Indebtedness then owing by Borrower to Lender. Borrower hereby agrees that as a condition precedent to any claim seeking usury penalties against Lender, Borrower will provide written notice to Lender,
advising Lender in reasonable detail of the nature and amount of the violation, and Lender shall have sixty (60) days after receipt of such notice in which to correct such usury violation, if any, by either refunding such excess interest to
Borrower or crediting such excess interest against the note and/or the Related Indebtedness then owing by Borrower to Lender. All sums contracted for, charged or received by Lender for the use, forbearance or detention of any

  

 Page 11 

	 	 
debt evidenced by the note and/or the Related Indebtedness shall, to the extent permitted by applicable law, be amortized or spread, using the actuarial method, throughout the stated term of the
note and/or the Related Indebtedness (including any and all renewal and extension periods) until payment in full so that the rate or amount of interest on account of the note and/or the Related Indebtedness does not exceed the Maximum Lawful Rate
from time to time in effect and applicable to the note and/or the Related Indebtedness for so long as debt is outstanding. In no event shall the provisions of Chapter 346 of the Texas Finance Code (which regulates certain revolving credit loan
accounts and revolving triparty accounts) apply to the note and/or the Related Indebtedness. Notwithstanding anything to the contrary contained herein or in any of the other Loan Documents, it is not the intention of Lender to accelerate the
maturity of any interest that has not accrued at the time of such acceleration or to collect unearned interest at the time of such acceleration. 

  

	 	13.2	Definitions. As used herein, the term “Maximum Lawful Rate” shall mean the maximum lawful rate of interest which may be contracted for, charged,
taken, received or reserved by Lender in accordance with the applicable laws of the State of Texas (or applicable United States federal law to the extent that it permits Lender to contract for, charge, take, receive or reserve a greater amount of
interest than under Texas law), taking into account all Charges (as herein defined) made in connection with the transaction evidenced by the note and the other Loan Documents. As used herein, the term “Charges” shall mean all fees,
charges and/or any other things of value, if any, contracted for, charged, received, taken or reserved by Lender in connection with the transactions relating to the note and the other Loan Documents, which are treated as interest under applicable
law. As used herein, the term “Related Indebtedness” shall mean any and all debt paid or payable by Borrower to Lender pursuant to the Loan Documents or any other communication or writing by or between Borrower and Lender related to
the transaction or transactions that are the subject matter of the Loan Documents, except such debt which has been paid or is payable by Borrower to Lender under the Note. 

  

	 	13.3	Ceiling Election. To the extent that Lender is relying on Chapter 303 of the Texas Finance Code to determine the Maximum Lawful Rate payable on the note
and/or the Related Indebtedness, Lender will utilize the weekly ceiling from time to time in effect as provided in such Chapter 303, as amended. To the extent United States federal law permits Lender to contract for, charge, take, receive or
reserve a greater amount of interest than under Texas law, Lender will rely on United States federal law instead of such Chapter 303 for the purpose of determining the Maximum Lawful Rate. Additionally, to the extent permitted by applicable law
now or hereafter in effect, Lender may, at its option and from time to time, utilize any other method of establishing the Maximum Lawful Rate under such Chapter 303 or under other applicable law by giving notice, if required, to Borrower as
provided by applicable law now or hereafter in effect. 

  

	14.	WAIVER OF CONSUMER RIGHTS. BORROWER HEREBY WAIVES BORROWER’S RIGHTS UNDER THE PROVISIONS OF CHAPTER 17, SUBCHAPTER E, SECTION 17.41 THROUGH 17.63
INCLUSIVE OF THE TEXAS BUSINESS AND COMMERCE CODE, GENERALLY KNOWN AS THE “DECEPTIVE TRADE PRACTICES-CONSUMER PROTECTION ACT,” A LAW THAT GIVES CONSUMERS SPECIAL RIGHTS AND PROTECTIONS. AFTER CONSULTATION WITH AN ATTORNEY OF
BORROWER’S OWN SELECTION, BORROWER VOLUNTARILY CONSENTS TO THIS WAIVER. IT IS THE INTENT OF LENDER AND BORROWER THAT THE RIGHTS AND REMEDIES WITH RESPECT TO THIS TRANSACTION SHALL BE GOVERNED BY LEGAL PRINCIPLES OTHER THAN THE TEXAS DECEPTIVE
TRADE PRACTICES-CONSUMER PROTECTION ACT. THE WAIVER SET FORTH HEREIN SHALL EXPRESSLY SURVIVE THE TERMINATION OF THE REFERENCED TRANSACTION. BORROWER REPRESENTS AND WARRANTS TO LENDER THAT BORROWER (i) IS A BUSINESS CONSUMER, (ii) HAS
KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER TO EVALUATE THE MERITS AND RISKS OF THE SUBJECT TRANSACTION, (iii) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION WITH RESPECT TO THE SUBJECT TRANSACTION,
AND (iv) HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL (WHO WAS NOT, DIRECTLY OR INDIRECTLY, IDENTIFIED, SUGGESTED OR SELECTED BY LENDER OR LENDER’S AGENTS) IN CONNECTION WITH THE REFERENCED TRANSACTION. 

[Signatures Follow on Next Page] 
  

 Page 12 

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

									
	“LENDER”
	
	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION

		
	By:	 	/s/ Kenya Williams
	Name: 	 	KENYA WILLIAMS
	Its:	 	ASSISTANT VICE PRESIDENT
	
	“BORROWER”
	
	NEW TPG-FOUR POINTS, L.P., a Texas limited partnership
		
	By:	 	TPG-New FP GP, LLC a Delaware limited liability company, its General Partner
			
		 	By: 	 	Thomas Properties Group, L.P., a Maryland limited partnership, its Manager
				
		 		 	By: 	 	Thomas Properties Group, Inc., d/b/a TP-Thomas Properties Group, Inc. a Delaware corporation, its General Partner
					
		 		 		 	By:	 	/s/ John R. Sischo
		 		 		 	Name: 	 	JOHN R. SISCHO
		 		 		 	Its:	 	Executive Vice President

  

 Signature Page – Second Modification Agreement 

 Exhibit A 
 Loan No. 104470 
  

 EXHIBIT A – DESCRIPTION OF PROPERTY 
 Exhibit A to the Loan Agreement between New TPG-Four Points, L.P., a Texas limited partnership, as “Borrower”, and Wells Fargo Bank,
National Association, as “Lender”, dated June 11, 2007. 
 All that certain real property located in the County of Travis, Texas,
described as follows: 
 Tract One: Lots Four (4), Five (5) and Six (6), Block “A”; Lots Two (2) Four (4), Five
(5) and Six (6), Block “B”; and Lot One (1), Block “C”, of FOUR POINTS CENTRE P.U.D., a subdivision in Travis County, Texas, according to the map or plat thereof, recorded in Document No. 200200080, as corrected under
Document No. 2004185158 of the Official Public Records of Travis County, Texas. 
 Tract Two: Easements created by Declaration of
Covenants, Restrictions, and Easements for Four Points Centre dated as of March 3, 1998, as recorded under Volume 13131, Page 3100 of the Real Property Records of Travis County, Texas, as supplemented and/or amended by instruments recorded
under Volume 13381, Page 68, Real Property Records of Travis County, Texas; and Document No.(s) 2000175226, 2000092820, 2000175361, 2000140712, 2000175362, 2000175227, 2000204920, 2000091243, 2000091244, 2004023085, and 2008143477 all of the
Official Public Records of Travis County, Texas. 
 Tract Three: Easements created by Declaration of Easements and Restrictive Covenants
Regarding the Maintenance of a Regional Stormwater Detention Pond for Four Points Centre Planned Unit Development dated September 26, 2000, as recorded under Document No. 2000164665 of the Official Public Records of Travis County, Texas;
Four Points Regional Detention Pond Construction and Maintenance Agreement dated December 14, 2000, as recorded under Document No. 2001074400 of the Official Public Records of Travis County, Texas, as amended by instrument(s) recorded
under Document Nos. 2001074401 and 2004023087 of the Official Public Records of Travis County, Texas. 
 Tract Four: Joint Use Drive and
Access and Landscaping Easement appurtenant to Lot 2, Block “B”, FOUR POINTS CENTRE P.U.D., over, upon and across Lot 1, Block “B”, FOUR POINTS CENTRE P.U.D., Lot(s) 3 and 3-A, Block A and Lot(s) 1 and 1-A, Block “B”, a
subdivision in Travis County, Texas, according to the map or plat thereof, recorded in Volume 100, Page 309 of the Plat Records of Travis County, Texas, as created and defined in documents recorded in Volume 13103, Page 161, Volume 13126, Page 536
and Volume 13131, Page 3172 of the Real Property Records of Travis County, Texas. 
 Tract Five: Easement(s) appurtenant to Lot 2, Block
“B”, FOUR POINTS CENTRE P.U.D. out of and a part of Lots 1 and 2, Block “A”, FOUR POINTS CENTRE OUTPARCEL ONE, a subdivision in Travis County, Texas, according to the map or plat thereof, recorded under Document
No. 200100068 of the Official Public Records of Travis County, Texas, and Lot 3, Block “B”, FOUR POINTS CENTRE P.U.D., a subdivision in Travis County, Texas, according to the map or plat thereof, recorded under Document
No. 200200080 and corrected by Document No. 2004185158 of the Official Public Records of Travis County, Texas, and being more particularly described and defined in that certain Operation and Easement Agreement between Target Corporation
and TPG Four Points Land L.P. and recorded under Document No. 2004023090 of the Official Public Records of Travis County, Texas. 
 Tract Six: Ingress and egress easement across portions of Lots 3 and 4, Block “B”, FOUR POINTS CENTRE P.U.D., a subdivision in Travis County, Texas, according to the map or plat thereof, recorded under Document
No. 200200080 and corrected by Document No. 2004185158 of the Official Public Records of Travis County, Texas, said easement being more particularly described and defined in that certain Declaration of Easements and Restrictions recorded
under Document No. 2003203099 of the Official Public Records of Travis County, Texas, and being more particularly described and defined in that certain Operation and Easement Agreement between Target Corporation and TPG Four Points Land L.P.
and recorded under Document No. 2004023090 of the Official Public Records of Travis County, Texas. 
 Tract Seven: Being 1.280 acres
of land, more or less, out of the ALEX DUNLAP SURVEY NO. 805, in Travis County, Texas, being the same tract as described in Document No. 2004203573 of the Official Public Records of Travis County, Texas, being more particularly described by
metes and bounds in Exhibit “A-1” attached hereto and made a part hereof. 

 Exhibit A 
 Loan No. 104470 
  

 Tract Eight: Being 2.059 acres of land, more or less, out of the ALEX DUNLAP SURVEY NO. 805, in
Travis County, Texas, being the same tract as described in Document No. 2004203573 of the Official Public Records of Travis County, Texas, being more particularly described by metes and bounds in Exhibit “A-2” attached hereto and made
a part hereof. 

 Exhibit A-1 
 Loan No. 104470 

 Exhibit A-2 
 Loan No. 104470 

 Exhibit C 
 Loan No. 104470 
 EXHIBIT C – FINANCIAL REQUIREMENTS ANALYSIS 

 Exhibit C to the Loan Agreement between New TPG-Four Points, L.P., a Texas limited partnership, as “Borrower”, and Wells
Fargo Bank, National Association, as “Lender”, dated June 11, 2007. 
  

												
	 BORROWER
	  	Column A
Costs to
Complete	  	Column B
Loan Budget
Remaining	  	Column C
Borrower’s
Funds
Remaining
	 1
	  	 Land Costs
	  			  			  		
	 2
	  	 Construction Costs Of Improvements
	  	$	125,000.00	  			  		
	 3
	  	 Tenant Improvement ($30.00/sf)
	  	$	7,595,160.13	  			  		
	 4
	  	 Contractor’s Fees
	  	$	—  	  			  		
	 5
	  	 Offsite Costs
	  	$	—  	  			  		
	 6
	  	 Architect & Engineering
	  	$	—  	  			  		
	 7
	  	 Government Fees (permits, bonds, etc.)
	  	$	—  	  			  		
	 8
	  	 Operating costs during construction (job supervision, utilities, etc.)
	  	$	36,749.53	  			  		
	 9
	  	 Landlord Provided TI Materials (lights, ceiling tiles, grid, adv. commissioning)
	  	$	278,649.52	  			  		
	 10
	  	 Other:
	  			  			  		
		  	 a.
	  			  			  		
		  		  	 	 	  	 	 	  	 	 
	 11
	  	 TOTAL HARD COSTS (Lines 2 - 10)
	  	$	8,035,559.18	  	$	—  	  	$	—  
		  		  	 	 	  	 	 	  	 	 
	 12
	  	 Interest during Loan
	  	$	2,206,686.29	  			  		
	 13
	  	 Taxes during Loan
	  	$	663,460.51	  			  		
	 14
	  	 Insurance During Loan
	  	$	—  	  			  		
	 15
	  	 Financing / Legal / Closing Costs / Other Expenses
	  	$	248,850.89	  			  		
	 16
	  	 Promotion & Advertising / Other
	  	$	250,000.00	  			  		
	 17
	  	 Lease Commission Expense
	  	$	1,293,848.61	  			  		
	 18
	  	 Organization Expenses (Developer Overhead)
	  	$	—  	  			  		
	 19
	  	 Contingency 3% (Soft or Hard Costs)
	  	$	—  	  			  		
	 20
	  	 Other:
	  	$	—  	  			  		
		  	 a. LEED Consultant
	  	$	—  	  			  		
		  	 b. Testing & Inspection
	  	$	—  	  			  		
		  	 c. Space Planning
	  	$	30,502.51	  			  		
		  		  	 	 	  	 	 	  	 	 
	 21
	  	 TOTAL SOFT COSTS (Lines 12 -20)
	  	$	4,693,348.81	  	$	10,776,408.69	  	$	1,952,499.30
		  		  	 	 	  	 	 	  	 	 
	 22
	  	 CUMULATIVE TOTALS (Lines 1, 11, 21)
	  	$	12,728,907.99	  	$	10,776,408.69	  	$	1,952,499.30
		  		  	 	 	  	 	 	  	 	 

 Exhibit D 
 Loan No. 104470 
  

 EXHIBIT D – DISBURSEMENT PLAN 
 Exhibit D to the Loan Agreement between New TPG-Four Points, L.P., a Texas limited partnership, as “Borrower”, and Wells Fargo Bank,
National Association, as “Lender”, dated June 11, 2007. 
  

	1.	 Timing of Disbursement. Unless another provision of this Agreement specifies otherwise, on or about the fifth (5th) day of each month, or at such other times as Lender may
approve or determine more appropriate, Borrower shall submit to: 

                                         
Wells Fargo Bank, National Association 
                                         
Los Angeles Loan Center 
                                         
2120 East Park Place, Suite 100 
                                         
El Segundo, CA 90245 
                                         
Attention: Disbursement Administrator 
 a written itemized statement, signed by Borrower (“Application for
Payment”) setting forth: 
  

	 	1.1	a description of the work performed, material supplied and/or costs incurred or due for which disbursement is requested with respect to any line item
(“Item”) shown in the Financial Requirement Analysis attached as Exhibit C to this Agreement; 

  

	 	1.2	the total amount incurred, expended and/or due for each requested Item less prior disbursements; and 

  

	 	1.3	Each Application for Payment by Borrower shall constitute a representation and warranty by Borrower that Borrower is in compliance with all the conditions precedent to
a disbursement specified in this Agreement. 

 Lender shall disburse the requested disbursement amount within fifteen
(15) Business Days after receipt of each Application for Payment, subject to Lender’s determination that the conditions to disbursement described in this Exhibit D and in the Loan Agreement have been satisfied. 
  

	2.	Lender’s Right to Condition Disbursements. Lender shall have the right to condition any disbursement upon Lender’s receipt and approval of the
following: 

  

	 	2.1	the Application for Payment and an itemized requisition for payment of Items 2, 3, 8 and 9 shown in the Disbursement Budget (“Hard Costs”);

  

	 	2.2	bills, invoices, documents of title, vouchers, statements, payroll records, receipts and any other documents evidencing the total amount expended, incurred or due for
any requested Items; 

  

	 	2.3	evidence of Borrower’s use of a lien release, joint check and voucher system acceptable to Lender for payments or disbursements to any contractor, subcontractor,
materialman, supplier or lien claimant; 

  

	 	2.4	architect’s, Lender’s third party inspecting contractor and/or engineer’s periodic certifications of the construction that has been completed and its
conformance to the Plans and Specifications and governmental requirements based upon any such architect’s, Lender’s third party inspecting contractor and/or engineer’s periodic physical inspections of the Property and Improvements;

  

	 	2.5	waivers and releases of any mechanics’ lien, equitable lien claim or other lien claim rights; 

  

	 	2.6	evidence of Borrower’s compliance with the provisions of the Articles and Sections of this Agreement entitled Article 4 Construction and, based on a
certificate of compliance delivered by Borrower to Lender, Section 6.1 Authority/Enforceability; 

  

	 	2.7	a written release executed by any surety to whom Lender has issued or will issue a set-aside letter and/or any public entity or agency which is a beneficiary under any
instrument of credit or standby letter of credit which Lender has issued or will issue with respect to the Loan; 

 Exhibit D 
 Loan No. 104470 
  

	 	2.8	valid, recorded Affidavit of Commencement and Affidavit of Completion for the Improvements or any portions of the Improvements for which an Affidavit of Commencement
and Affidavit of Completion may be recorded under applicable law and within the applicable time as herein provided; 

  

	 	2.9	Certificate of Substantial Completion from the Architect and Engineer, if any, prior to the final retention disbursement of Hard Costs, as applicable; or, in the event
Borrower requests a disbursement of the final sums due to a subcontractor under a subcontract, evidence of the full completion of the work required of such subcontractor under the applicable subcontract (including without limitation, a conditional
lien waiver executed and sworn to by such subcontractor) and evidence of the subcontractor’s satisfaction of all other terms and provisions of the subcontract, subject to the limitations described in paragraph 3 below; 

 

	 	2.10	any other document, requirement, evidence or information that Lender may request under any provision of the Loan Documents, including without limitation, the documents,
evidence and information described in Article 3 entitled Disbursement; 

  

	 	2.11	evidence that any goods, materials, supplies, fixtures or other work in process for which disbursement is requested have been incorporated into the Improvements;

  

	 	2.12	Upon Lender’s request, Lender shall have received a Down-Date Endorsement or other title report dated within five (5) days of the requested disbursement from
the Title Company showing no state of facts objectionable to Lender (including, without limitation, a showing that title to the Property is vested in Borrower and that no claim for mechanics’ or materialmen’s liens has been filed against
the Property or Improvements). Borrower acknowledges that the approval process described in this paragraph 2.12 may result in disbursement delays and Borrower hereby consents to all such delays. 

  

	 	2.13	Borrower agrees that Lender shall not be obligated to disburse any proceeds of the Loan until such time as Lender has disbursed $1,952,499.30 of Borrower’s Funds
currently deposited with Lender (and otherwise complied with the terms and provisions of Section 3.1(e) of this Agreement). Prior to the disbursement of any proceeds of the Loan, Lender shall revise Exhibit C and Exhibit D to
reflect, by line item, the actual application of Borrower’s Funds and the appropriate adjustments to the Disbursement Budget and Disbursement Plan called for as a result thereof, and such revised Exhibit C and Exhibit D shall be
deemed to replace the versions of Exhibit C and Exhibit D attached to the Loan Agreement immediately prior to such revision without the taking of any further action by the Lender or the Borrower. 

  

	3.	Periodic Disbursement of Construction Costs. As construction progresses, the portion of the Disbursement Budget initially totaling $125,000.00 shall be
periodically disbursed to or for the benefit or account of Borrower for the Construction Costs Item as follows: Lender shall disburse 100% of each disbursement request submitted by Borrower for Construction Costs Items provided that the disbursement
requests reflect (in Lender’s reasonable determination) that Borrower is withholding 10% of the sums due to the applicable subcontractor as retainage. Upon a subcontractor’s completion of all work required of such subcontractor in its
applicable subcontract, Lender’s receipt and review of evidence of the full completion of the work required of such subcontractor under the applicable subcontract (including without limitation, a conditional lien waiver executed and sworn to by
such subcontractor) and evidence of the subcontractor’s satisfaction of all other terms and provisions of the subcontract, Lender may disburse to or for the benefit or account of Borrower the retainage withheld by Borrower for such work,
subject to the maximum disbursement limitation contained in the following sentence. Lender shall only be obligated to disburse up to ninety-five percent (95%) of the maximum amount allocated for Construction Cost Items, less prior
disbursements, pursuant to this paragraph 3 (unless otherwise approved by Lender), and the remaining five percent (5%) (“Retention”) shall be disbursed to or for the benefit or account of the Borrower upon the later to occur of
(i) thirty (30) days after the filing of the Affidavit of Completion herein contemplated if same is filed within ten (10) days after completion of construction of the Improvements in accordance with the Plans and Specifications and
governmental requirements, or (ii) if such Affidavit of Completion is not filed within ten (10) days after completion of construction of the Improvements in accordance with the Plans and Specifications and governmental requirements, then
upon the date of filing such Affidavit of Completion. Notwithstanding the foregoing, upon Borrower’s request and Lender’s approval thereof, Lender may, at its option, disburse 100% of the disbursement request for the final 50% of the work
required under a subcontract without requiring evidence of Borrower’s withholding of retainage for such work, provided retainage has been withheld by Borrower for the first 50% of the work required under the subcontract.

 Exhibit D 
 Loan No. 104470 
  

	4.	Periodic Disbursement of Tenant Improvement Costs. The portion of the Disbursement Budget initially totaling $7,595,160.13 shall be periodically disbursed to or
for the benefit or account of the Borrower for Tenant Improvements up to the maximum of the lower of $40.00 per square foot or the actual cost per square foot of completed Tenant Improvements for space which has been leased to tenants pursuant to
executed leases as required in this Agreement, less prior disbursements. Notwithstanding the foregoing, Lender hereby agrees that the $40.00 per square foot limit in the previous sentence shall not be applicable to disbursements for Tenant
Improvement costs relating to the lease between Borrower and THQ, Inc., dated June 8, 2009 (the “THQ Lease”). Rather, disbursements for Tenant Improvements relating to the THQ Lease shall not exceed the lesser of
(i) $56.00 per square foot or (ii) the actual cost per square foot of completed Tenant Improvements for the space subject to the THQ Lease. 

  

	5.	Periodic Disbursement of General Conditions. The portion of the Disbursement Budget initially totaling $36,749.53 shall be periodically disbursed to or for the
benefit or account of the Borrower for the payment of Operating Costs during construction. 

  

	6.	Landlord-Provided TI Materials. The portion of the Disbursement Budget initially totaling $278,649.52 shall be periodically disbursed to or for the benefit or
account of the Borrower for the payment of the costs of materials purchased by Borrower for tenants, which materials are to be integrated into the spaces occupied by such tenants. 

  

	7.	Periodic Disbursement of Interest Reserve. Subject to the requirements of that certain Section of this Agreement entitled Income to be Applied to Debt
Service, the portion of the Disbursement Budget initially totaling $2,206,686.29, allocated as an Interest Reserve, shall be periodically disbursed directly to Lender for the payment of interest which accrues and becomes due under the Note.
Lender is hereby authorized to charge the Loan and Borrower’s Funds Account directly for such interest payments when due. Lender shall provide Borrower with a monthly interest statement. Depletion of the Interest Reserve shall not release
Borrower from any of Borrower’s obligations under the Loan Documents including, without limitation, payment of all accrued and due interest and the deposit of Borrower’s Funds with Lender pursuant to Section 3.1 (b) of this
Agreement. 

  

	8.	Periodic Disbursement of Taxes. The portion of the Disbursement Budget initially totaling $663,460.51, shall be periodically disbursed to or for the benefit or
account of the Borrower for the payment of Taxes incurred during the Loan term as Taxes become due and payable. 

  

	9.	Periodic Disbursement of Financing/Legal/Closing Costs/Other Expenses. The portion of the Disbursement Budget initially totaling $248,850.89 shall be
periodically disbursed to or for the benefit or account of the Borrower for the payment of Financing/Legal/Closing Costs/Other Expenses incurred in connection with the Loan. Lender is hereby authorized to charge the Loan and Borrower’s Funds
Account directly for such fees, including Appraisal Fee, Costing Fee, Inspection Fee, Environmental Fee, Legal Fees, UCC filing fees and/or UCC vendor fees, Flood Certification Fee and Tax Contract Fee, as they become due. Lender shall provide
Borrower with statements for all fees incurred. Depletion of funds in this category shall not release Borrower from any of Borrower’s obligations under the Loan Documents, including but not limited to paying fees incurred in connection with the
Loan pursuant to that certain Section of this Agreement entitled Expenses and depositing Borrower’s Funds with Lender pursuant to Section 3.1 (b) of this Agreement. Lender shall notify Borrower of the amount of all
non-recurring expenses and, upon the request of Borrower, deliver copies of all invoices and reasonable supporting documentation in Lender’s possession relating to such non-recurring expenses. 

  

	10.	Periodic Disbursement of Promotion and Advertising. The portion of the Disbursement Budget initially totaling $250,000.00, shall be periodically disbursed into
the Account or to or for the benefit or account of the Borrower for the payment of Promotion and Advertising Expenses. 

  

	11.	Periodic Disbursement of Lease Commission Expense. The portion of the Disbursement Budget initially totaling $1,293,848.61, shall be periodically disbursed to or
for the benefit or account of the Borrower for the payment of Lease Commission Expense incurred during the term of the Loan up to a maximum amount equal to or less than the sum which, when converted to a percentage of the total Lease Commission
Expense, equals the percentage of the total rentable square feet of the Improvements leased to tenants pursuant to written leases as of the date of disbursement. 

 Exhibit D 
 Loan No. 104470 
  

	 	12.	Periodic Disbursement of Space Planning. The portion of the Disbursement Budget initially totaling $30,502.51, shall be periodically disbursed into the Account
or to or for the benefit or account of the Borrower for the payment of costs and expenses associated with Space Planning. 

 Loan No. 104470 
  

 EXHIBIT J – RELEASE PRICES 
 Exhibit J to the Loan Agreement between New TPG-Four Points, L.P., a Texas limited partnership, as “Borrower”, and Wells Fargo Bank,
National Association, as “Lender”, dated June 11, 2007. 
  

						
	 Parcel
	  	Site Square Footage	  	Release Price
	 A-5
	  	233,917	  	$	697,360
	 A-4
	  	223,463	  	$	308,775
	 A-6
	  	784,080	  	$	1,828,040
	 B-4
	  	346,738	  	$	444,360
	 B-5
	  	375,487	  	$	435,160
	 B-6
	  	414,256	  	$	430,100
	 C-1
	  	430,373	  	$	1,055,700
	 Craven (12)
	  	88,862	  	$	355,005
	 Troutman (13)
	  	55,757	  	$	310,500

 SFI-617335v11

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