Document:

Exhibit 10.1

Exhibit 10.1

Loan No. 3514ZR

FIFTH MODIFICATION AGREEMENT

(Unsecured Loan)

THIS FIFTH MODIFICATION AGREEMENT (“Agreement”) dated July 28, 2010 is entered into by and between
Wells Fargo Bank, National Association, as administrative agent (“Agent”) and representative for
the Lenders (as defined in the Loan Agreement referenced below), the Lenders and PS Business Park,
L.P., a California limited partnership (“Borrower”).

R E C I T A L S

	A.	 	Pursuant to the terms of an Amended and Restated Revolving Credit Agreement among Borrower,
Agent and Lenders, dated October 29, 2002 (as amended, the “Loan Agreement”), as amended by
the First Modification Agreement, dated December 29, 2003 (“the “First Modification”), the
Second Modification Agreement, dated January 23, 2004, the Third Modification Agreement, dated
August 2, 2005, and the Fourth Modification Agreement, dated July 30, 2008, Lender made a loan
to Borrower in the principal amount of up to One Hundred Million Dollars ($100,000,000)
(“Loan”). The Loan is evidenced by an Amended and Restated Note, dated October 29, 2002,
executed by Borrower in favor of Wells Fargo Bank, National Association, in the principal
amount of the Loan (the “Existing Note”), and is further evidenced by the documents described
in the Loan Agreement as “Loan Documents”.

	 
	B.	 	The Existing Note (as amended and restated by the Amended Note referenced herein below), the
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”.

	 
	C.	 	By this Agreement, Borrower, Agent and Lenders intend to modify and amend certain terms and
provisions of the Loan Documents.

NOW, THEREFORE, Borrower Agent and Lenders agree as follows:

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

	 	1.1	 	Receipt by Agent of the executed originals of this Agreement, the Amended Note, 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 Agent;

	 
	 	1.2	 	Reimbursement to Agent by Borrower of Agent’s reasonable costs and expenses
incurred in connection with this Agreement and the transactions contemplated hereby,
including, without limitation, reasonable attorneys’ fees (excluding, however, any fees
or costs of in-house counsel) and documentation costs and charges, whether such services
are furnished by Agent’s employees or agents or by independent contractors;

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

	 
	 	1.4	 	All payments due and owing to Agent and Lenders under the Loan Documents have been
paid current as of the effective date of this Agreement.

	2.	 	REPRESENTATIONS AND WARRANTIES. Borrower hereby represents and warrants that no
Event of Default, 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 in all material respects, which representations and warranties shall
survive execution of this Agreement.

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

	 	3.1	 	Extension of Maturity Date; Extension Fee. Effective as of August 1, 2010,
the Maturity Date recited in the Loan Agreement is hereby extended to August 1, 2012.

 

 

 

Exhibit 10.1

Loan No. 3514ZR

	 	3.2	 	Amended Defined Terms.

	 	(a)	 	Applicable Margin. The definition of “Applicable Margin” is
hereby deleted and replaced in its entirety with the following:

	 
	 	 	 	“Applicable Margin” means, with respect to each Loan; the respective
percentages per annum determined, at any time, based on the range into which
Borrower’s Credit Rating then falls, in accordance with the table set forth below.
Any change in Borrower’s Credit Rating causing it to move to a different range on
the table shall effect an immediate change in the Applicable Margin (including
existing Loans). Promptly after learning of a change in the Borrower’s Credit
Rating, Agent shall give notice of such change to the Lenders and include in such
notice the new Applicable Margin and the effective date of such change. In the
event that more than one (1) different Credit Rating has been assigned, then (i)
for so long as the Initial Lender is the sole Lender hereunder (i.e., for so long
as the Loans are not syndicated), the higher of the Credit Ratings will prevail, or
(ii) otherwise, the lower of the Credit Ratings will prevail.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	Applicable	 
	Level	 	Borrower’s Credit Rating	 	 	Margin	 
	I
	 	A-/A3 or better	 	 	1.60	%
	II
	 	BBB+/Baa1	 	 	1.80	%
	III
	 	BBB/Baa2	 	 	2.00	%
	IV
	 	BBB-/Baa3	 	 	2.15	%
	V
	 	Lower than BBB-/Baa3	 	 	2.60	%

	 	(b)	 	Base Rate. The defined term “Base Rate” is hereby deleted in
its entirety.

	 
	 	(c)	 	Base Rate Loan. The defined term “Base Rate Loan” is hereby
deleted in its entirety.

	 
	 	(d)	 	Borrowing Period. The defined term “Borrowing Period” is
hereby deleted in its entirety.

	 
	 	(e)	 	Business Day. The definition of “Business Day is hereby
deleted and replaced in its entirety with the following:

	 
	 	 	 	“Business Day” means (a) any day of the week other than Saturday, Sunday or
other day on which the offices of Agent in San Francisco, California are authorized
or required to close and (b) with reference to the LIBO Rate, any such day that is
also a day on which dealings in Dollar deposits are carried out in the London
interbank market. Unless specifically referenced in this Agreement as a Business
Day, all references to “days” shall be to calendar days.

	 
	 	(f)	 	Designated Market. The defined term “Designated Market” is
hereby deleted in its entirety.

	 
	 	(g)	 	Domestic Lending Office. The defined term “Domestic Lending
Office” is hereby deleted in its entirety.

	 
	 	(h)	 	Federal Funds Rate. The definition of “Federal Funds Rate” is
hereby deleted in its entirety and replaced with the following:

	 
	 	 	 	“Federal Funds Rate” means, for any period, a fluctuating interest rate per
annum equal for each day during such period to the weighted average of the rates on
overnight Federal Funds transactions with members of the Federal Reserve System
arranged by Federal Funds brokers, as published for such day (or, if such day is
not a Business Day, for the next preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day which is a
Business Day, the average of the quotations for such day on such transactions
received by the Agent from three Federal Funds brokers of recognized standing
selected by the Agent.

 

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Exhibit 10.1

Loan No. 3514ZR

	 	(i)	 	Fee Letter. The definition of “Fee Letter” is hereby deleted
and replaced in its entirety with the following:

	 
	 	 	 	“Fee Letter” means that certain letter agreement relating to the payment of
certain fees between Borrower and Wells Fargo Bank, National Association, dated
July 28, 2010, as the same may be amended, restated, modified or replaced from time
to time.

	 
	 	(j)	 	Fixed Rate Loan. The defined term “Fixed Rate Loan” is hereby
deleted in its entirety.

	 
	 	(k)	 	Foreign Lender Party. The defined term “Foreign Lender Party”
is hereby deleted in its entirety.

	 
	 	(l)	 	Lending Office. The defined term “Lending Office” is hereby
deleted in its entirety.

	 
	 	(m)	 	LIBOR Business Day. The defined term “LIBOR Business Day” is
hereby deleted in its entirety.

	 
	 	(n)	 	LIBOR Fee. The defined term “LIBOR Fee” is hereby deleted in
its entirety.

	 
	 	(o)	 	LIBOR Lending Office. The defined term “LIBOR Lending Office”
is hereby deleted in its entirety.

	 
	 	(p)	 	LIBOR Obligations. The defined term “LIBOR Obligations” is
hereby deleted in its entirety.

	 
	 	(q)	 	LIBOR Rate. The defined term “LIBOR Rate” is hereby deleted in
its entirety.

	 
	 	(r)	 	LIBOR Rate Loan. The defined term “LIBOR Rate Loan” is hereby
deleted in its entirety.

	 
	 	(s)	 	Majority Lenders. The definition of “Majority Lenders” is
hereby deleted and replaced in its entirety with the following:

	 
	 	 	 	“Majority Lenders” means, as of any date, Lenders (which must include the
Lender then acting as Agent) having at least 66-2/3% of the aggregate amount of the
Commitments, or, if the Commitments have been terminated or reduced to zero,
Lenders holding at least 66-2/3% of the principal amount outstanding under the
Loan, provided that (a) in determining such percentage at any given time, all then
existing Defaulting Lenders will be disregarded and excluded and the Pro Rata
Shares of the Loan of Lenders shall be redetermined, for voting purposes only, to
exclude the Pro Rata Shares of the Loan of such Defaulting Lenders, and (b) at all
times when two or more Lenders are party to this Agreement, the term “Majority
Lenders” shall in no event mean less than two Lenders.

	 
	 	(t)	 	Post Default Rate. The defined term “Post Default Rate” is
hereby deleted in its entirety.

	 	3.3	 	New Defined Terms. The following new defined terms are hereby added:

	 	(a)	 	“Administrative Fee” – shall be Two Hundred Fifty Dollars
($250) for each Fixed Rate Period and fixed rate option.

	 
	 	(b)	 	“Alternate Rate” – is a rate of interest per annum five percent
(5%) in excess of the applicable Effective Rate in effect from time to time.

	 
	 	(c)	 	“Applicable LIBO Rate” – is the rate of interest, rounded
upward to the nearest whole multiple of one-hundredth of one percent (.01%), equal
to the sum of: (a) Applicable Margin plus (b) the
LIBO Rate, which rate is divided by one (1.00) minus the Reserve Percentage:

	 	 	 	 	 	 	 
	 

	 	Applicable LIBO Rate = Applicable Margin         +
	 	LIBO Rate
	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	(1 - Reserve Percentage)	 	 

	 	(d)	 	“Approved Fund” means any Fund that is administered or managed
by (a) a Lender, (b) an Affiliate of a Lender, or (c) an entity or an Affiliate of
any entity that administers or manages a Lender.

	 
	 	(e)	 	“Defaulting Lender” – means any Lender which fails or refuses
to perform its obligations under this Agreement within the time period specified
for performance of such obligation or, if no time frame is specified, if such
failure or refusal continues for a period of five (5) Business Days after notice
from Agent.

 

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Exhibit 10.1

Loan No. 3514ZR

	 	(f)	 	“Eligible Assignee” means (a) a Lender, (b) an Affiliate of a
Lender, (c) an Approved Fund and (d) any other Person (other than a natural person)
approved by (i) the Administrative Agent and (ii) unless a Default exists, the
Borrower (each such approval not to be unreasonably withheld or delayed); provided
that notwithstanding the foregoing, “Eligible Assignee” shall not include the
Borrower or any of the Borrower’s Affiliates or Subsidiaries.

	 
	 	(g)	 	“Fixed Rate” – is the Applicable LIBO Rate as accepted by
Borrower as an Effective Rate for a particular Fixed Rate Period and Fixed Rate
Portion.

	 
	 	(h)	 	“Fixed Rate Commencement Date” – means the date upon which the
Fixed Rate Period commences.

	 
	 	(i)	 	“Fixed Rate Notice” – is a written notice in the form shown on
Exhibit B-5 hereto which requests a Fixed Rate for a particular Fixed Rate
Period and Fixed Rate Portion and acknowledges the Administrative Fee.

	 
	 	(j)	 	“Fixed Rate Period” – is the period or periods of (a) one or
three months; or (b) any other shorter period which ends at the Maturity Date,
which periods are selected by Borrower and confirmed in a Fixed Rate Notice;
provided that no Fixed Rate Period shall extend beyond the Maturity Date.

	 
	 	(k)	 	“Fixed Rate Portion” – is the portion or portions of the
principal balance of the Loan which Borrower selects to have subject to a Fixed
Rate, each of which is an amount: (a) equal to all or a portion of the unpaid
principal balance of the Loan not subject to a Fixed Rate; and (b) is not less than
Two Hundred Thousand Dollars ($200,000) and is an even multiple of One Hundred
Thousand Dollars ($100,000). In the event Borrower is subject to a principal
amortization schedule under the terms and conditions of the Loan Documents, the
Fixed Rate Portion(s) from time to time in effect shall in no event exceed, in the
aggregate, the maximum outstanding principal balance which will be permissible on
the last day of the Fixed Rate Period selected.

	 
	 	(l)	 	“Fixed Rate Taxes” – are, collectively, all withholdings,
interest equalization taxes, stamp taxes or other taxes (except income and
franchise taxes) imposed by any domestic or foreign Governmental Authority and
related in any manner to a Fixed Rate.

	 
	 	(m)	 	“Fund” means any Person (other than a natural person) that is
(or will be) engaged in making, purchasing, holding or otherwise investing in
commercial loans and similar extensions of credit in the ordinary course of its
business.

	 
	 	(n)	 	“LIBO Rate” – is the rate of interest, rounded upward to the
nearest whole multiple of one-sixteenth of one percent (.0625%), quoted by Agent
from time to time as the London Inter-Bank Offered Rate for deposits in U.S.
Dollars at approximately 9:00 a.m. California time, two (2) Business Days prior to
a Fixed Rate Commencement Date or a Price Adjustment Date, as appropriate, for
purposes of calculating effective rates of interest for loans or obligations making
reference thereto for an amount approximately equal to a Fixed Rate Portion and for
a period of time approximately equal to a Fixed Rate Period or the time remaining
in a Fixed Rate Period after a Price Adjustment Date, as appropriate.

	 
	 	(o)	 	“LIBOR Market Index Rate” means at any time the rate of
interest, rounded up to the nearest whole multiple of one-hundredth of one percent
(.01%), obtained by dividing (i) the rate of interest, rounded upward to the
nearest whole multiple of one-sixteenth of one percent (0.0625%), quoted by the
Agent from time to time as the London Inter-Bank Rate for one-month deposits in
U.S. Dollars at approximately 9:00 a.m. Pacific time for such day; provided, if
such day is not a Business Day, the immediately preceding Business Day by (ii) a
percentage equal to 1 minus the stated maximum rate (stated as a decimal)
of all reserves, if any, required to be maintained with respect to Eurocurrency
funding (currently referred to as “Eurocurrency liabilities”) as specified in
Regulation D of the Board of Governors, of the Federal Reserve System (or against
any other category of liabilities which includes deposits by reference to which the
interest rate on LIBOR loans is determined or any applicable category of extensions
of credit or other assets which includes loans by an office of any Lender outside
of the United States of America).  Any change in such maximum rate shall result in
a change in the LIBOR Market Index Rate on the date on which such change in such
maximum rate becomes effective.

 

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Exhibit 10.1

Loan No. 3514ZR

	 	(p)	 	“Pro Rata Share” – means, as to each Lender, the ratio,
expressed as a percentage, of (a) the amount of such Lender’s Commitment to (b) the
aggregate amount of the Commitments of all Lenders hereunder; provided,
however, that if at the time of determination the Commitments have
terminated or been reduced to zero, the “Pro Rata Share” of each Lender shall be
the Pro Rata Share of such Lender in effect immediately prior to such termination
or reduction.

	 
	 	(q)	 	“Regulatory Costs” – are, collectively, future, supplemental,
emergency or other changes in Reserve Percentages, assessment rates imposed by the
Federal Deposit Insurance Corporation, or similar requirements or costs imposed by
any domestic or foreign Governmental Authority and related in any manner to a Fixed
Rate.

	 
	 	(r)	 	“Requirements of Law” – means, as to any entity, the charter
and by-laws, partnership agreement or other organizational or governing documents
of such entity, and any law, rule or regulation, permit, or determination of an
arbitrator or a court or other Governmental Authority, in each case applicable to
or binding upon such entity or any of its property or to which such entity or any
of its property is subject, including without limitation, applicable securities
laws and any certificate of occupancy, zoning ordinance, building, environmental or
land use requirement or permit or occupational safety or health law, rule or
regulation.

	 
	 	(s)	 	“Reserve Percentage” – is at any time the percentage announced
by Agent as the reserve percentage under Regulation D for loans and obligations
making reference to an Applicable LIBO Rate for a Fixed Rate Period or time
remaining in a Fixed Rate Period on a Price Adjustment Date, as appropriate. The
Reserve Percentage shall be based on Regulation D or other regulations from time to
time in effect concerning reserves for Eurocurrency Liabilities as defined in
Regulation D from related institutions as though Agent were in a net borrowing
position, as promulgated by the Board of Governors of the Federal Reserve System,
or its successor.

	 
	 	(t)	 	“Variable Rate” shall mean the sum of: (a) the LIBOR Market
Index Rate and, (b) the Applicable Margin; provided, that if for any reason the
LIBOR Market Index Rate is unavailable, Variable Rate shall mean the sum of: (a)
the per annum rate of interest equal to the Federal Funds Rate plus 1.50%, and (b)
the Applicable Margin.

	 	3.4	 	LIBOR Rate Loans and Base Rate Loans. The distinction between “LIBOR Rate
Loans” and “Base Rate Loans,” has been removed from the Loan Agreement. Therefore any
references to LIBOR Rate Loans or Base Rate Loans shall be deemed amended to mean and
refer to a Loan or, as applicable, portions of the Loan accruing interest at a Fixed Rate
or a Variable Rate, as applicable, and as the context requires.

	 
	 	3.5	 	Section 2.1. Sections 2.1.2.1 through (and including) 2.1.2.7 are hereby
deleted and replaced with the following:

	 
	 	 	 	“2.1.2.1 Notice of Borrowing. When the Borrower desires to borrow Loans pursuant
to Section 2.1, it shall deliver to the Agent a Notice of Borrowing substantially in the
form of Exhibit B-1, duly completed and executed by a Responsible Officer (each such
notice shall be referred to herein as a “Notice of Borrowing”), no later than
9:00 a.m. (Pacific Coast time) not less than three (3) nor more than five (5) Business
Days prior to the proposed Funding Date. Any Notice of Borrowing delivered pursuant to
this Section 2.1.2 shall be irrevocable ad the Borrower shall be bound to make borrowings
in accordance herewith.”

	 	3.6	 	Section 2.2. Section 2.2 is hereby deleted and replaced with the following:

	 	“2.2	 	Interest on the Loan.

	 	2.2.1.	 	Interest Payments. Interest accrued on the outstanding
principal balance of the Loan shall be due and payable, in the manner
provided in Section 2.2.2, on the first day of each month
commencing with the first month after the dated hereof.

	 
	 	2.2.2	 	Default Interest. Notwithstanding the rates
of interest specified in Sections 2.2.5 below and the payment
dates specified in Section 2.2.1, at Majority Lenders discretion
at any time following the occurrence and during the continuance of any
Event of Default, the principal balance of the Loan then outstanding and,
to the extent permitted by applicable
law, any interest payments on the Loan not paid when due, shall bear
interest payable upon demand at the Alternate Rate. All other amounts
due Agent or Lenders (whether directly or for reimbursement) under this
Agreement or any of the other Loan Documents if not paid when due, or if
no time period is expressed, if not paid within ten (10) days after
demand, shall likewise, at the option of Majority Lenders, bear interest
from and after demand at the Alternate Rate.

 

5

 

Exhibit 10.1

Loan No. 3514ZR

	 	2.2.3	 	Late Fee. In the event that the Borrower
fails to pay any interest payable under this Agreement on or prior to the
expiration of ten (10) days after such interest first becomes due and
payable, the Borrower shall, unless waived by Agent, pay to the Agent for
the pro rata benefit of the Lenders a late charge equal to four percent
(4%) of the amount of such unpaid interest payment. The Borrower
acknowledges and agrees that an accurate determination of the Lender
Parties’ damages as a result of the Borrower’s failure to pay interest as
and when due hereunder is not reasonably practicable, and the late charge
provided for herein is a reasonable estimate of the amount of additional
cost and the value of the loss of use of funds that will be suffered by
the Lender Parties in the event that an interest payment is not paid when
due.

	 
	 	2.2.4	 	Computation of Interest. Interest shall be
computed on the basis of the actual number of days elapsed in the period
during which interest or fees accrue and a year of three hundred sixty
(360) days on the principal balance of the Loan outstanding from time to
time. In computing interest on the Loan, the date of the making of a
disbursement under the Loan shall be included and the date of payment
shall be excluded. Notwithstanding any provision in this Section
2.2, interest in respect of the Loan shall not exceed the maximum rate
permitted by applicable law.

	 
	 	2.2.5	 	Effective Rate. The “Effective
Rate” upon which interest shall be calculated for the Loan shall, from
and after the dated hereof, be one or more of the following:

	 	2.2.5.1	 	Provided no Event of Default exists under this Agreement:

(a) For those portions of the outstanding principal balance of
the Loan which are not Fixed Rate Portions, the Effective Rate
shall be the Variable Rate.

(b) For those portions of the outstanding principal balance of
the Loan which are Fixed Rate Portions, the Effective Rate for the
Fixed Rate Period thereof shall be the Fixed Rate selected by
Borrower and set in accordance with the provisions hereof,
provided, however, if any of the transactions
necessary for the calculation of interest at any Fixed Rate
requested or selected by Borrower should be or become prohibited
or unavailable to Agent, or, if in Agent ‘s good faith judgment,
it is not possible or practical for Agent to set a Fixed Rate for
a Fixed Rate Portion and Fixed Rate Period as requested or
selected by Borrower, the Effective Rate for such Fixed Rate
Portion shall remain at or revert to the Variable Rate.

(c) If any of the transactions necessary for the calculation of
interest at the Fixed Rate should be or become prohibited or
unavailable to Agent, or, if in Agent’s good faith judgment, it is
not possible or practical for Agent to set a Fixed Rate for a
Fixed Rate Portion and Fixed Rate Period, the Effective Rate for
such Fixed Rate Portion shall remain at or revert to the Variable
Rate.

	 	2.2.5.2	 	Any interest payment under this Agreement and the other Loan
Documents that is not paid within thirty (30) days after the date
such amount is due, or any principal or other amount payment under
this Agreement that is not paid when due, shall in each case
thereafter bear interest at a rate per annum equal to the Alternate
Rate, without notice or demand of any kind. Such interest at the
Alternate Rate shall be in addition to, and not in lieu of, the late
charge provided for in Section 2.2.3.

 

6

 

Exhibit 10.1

Loan No. 3514ZR

	 	2.2.6	 	Selection of Fixed Rate. Provided no
Default or Event of Default exists under this Agreement, Borrower, at its
option and upon satisfaction of the conditions set forth herein, may
request a Fixed Rate as the Effective Rate for calculating interest on the
portion of the unpaid principal balance and for the period selected in
accordance with and subject to the following procedures and conditions,
provided, however, that Borrower may not have in effect at
any one time more than five (5) Fixed Rates:

	 
	 	 	 	Borrower shall deliver to the Minneapolis Loan Center of Administrative
Agent, 608 2nd Avenue S, Minneapolis, MN 55402, Attention:
Julia Ness, with a copy to: Agent, 2030 Main Street, Suite 800, Irvine,
CA 92614, Attention: Jamie Warner, or such other addresses as Agent
shall designate, an original or facsimile Fixed Rate Notice no later than
9:00 A.M. (California time), and not less than three (3) nor more than
five (5) Business Days prior to the proposed Fixed Rate Period for each
Fixed Rate Portion. Any Fixed Rate Notice pursuant to this subsection is
irrevocable.

	 
	 	 	 	Agent is authorized to rely upon the telephonic request and acceptance of
Edward Stokx or Trenton Groves as Borrower’s duly authorized agents, or
such additional authorized agents as Borrower shall designate in writing
to Agent. Borrower’s telephonic notices, requests and acceptances shall
be directed to such officers of Agent as Agent may from time to time
designate.

	 	2.2.6.1	 	Borrower may elect (a) to convert Variable Rate advances to a
Fixed Rate Portion, or (b) to convert a matured Fixed Rate Portion
into a new Fixed Rate Portion, provided, however,
that the aggregate amount of the advance being converted into or
continued as a Fixed Rate Portion shall comply with the definition
thereof as to Dollar amount. The conversion of a matured Fixed Rate
Portion back to a Variable Rate or to a new Fixed Rate Portion shall
occur on the last Business Day of the Fixed Rate Period relating to
such Fixed Rate Portion. Each Fixed Rate Notice shall specify (a)
the amount of the Fixed Rate Portion, (b) the Fixed Rate Period, and
(c) the Fixed Rate Commencement Date.

	 
	 	2.2.6.2	 	Upon receipt of a Fixed Rate Notice in the proper form requesting
a Fixed Rate Portion advance, Agent shall determine the Fixed Rate
applicable to the Fixed Rate Period for such Fixed Rate Portion two
(2) Business Days prior to the beginning of such Fixed Rate Period.
Each determination by Agent of the Fixed Rate shall be conclusive
and binding upon the parties hereto in the absence of manifest
error. Agent shall deliver to Borrower and each Lender (by
facsimile) an acknowledgment of receipt and confirmation of the
Fixed Rate Notice; provided, however, that failure
to provide such acknowledgment of receipt and confirmation of the
Fixed Rate Notice to Borrower or any Lender shall not affect the
validity of such rate.

	 
	 	2.2.6.3	 	If Borrower does not make a timely election to convert all or a
portion of a matured Fixed Rate Portion into a new Fixed Rate
Portion in accordance with this Section 2.2.6 above, such
Fixed Rate Portion shall be automatically converted back to a
Variable Rate upon the expiration of the Fixed Rate Period
applicable to such Fixed Rate Portion.

	 
	 	2.2.6.4	 	Upon Borrower’s acceptance of a Fixed Rate, Borrower shall pay
to Agent an Administrative Fee for each selected Fixed Rate
Portion.

	 	2.2.7	 	Fixed Rate Taxes, Regulatory Costs and Reserve
Percentages. Upon Agent’s demand, Borrower shall pay to Agent for the
account of each Lender, in addition to all other amounts which may be, or
become, due and payable under this Agreement and the other Loan Documents,
any and all Fixed Rate Taxes and Regulatory Costs, to the extent they are
not internalized by calculation of a Fixed Rate. Further, at Agent’s
option, the Fixed Rate shall be automatically adjusted by adjusting the
Reserve Percentage, as determined by Agent in its prudent banking
judgment, from the date of imposition (or subsequent date selected by
Agent) of any such Regulatory Costs. Agent shall give Borrower notice of
any Fixed Rate Taxes and Regulatory Costs as soon as practicable after
their
occurrence, but Borrower shall be liable for any Fixed Rate Taxes and
Regulatory Costs regardless of whether or when notice is so given.

 

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Exhibit 10.1

Loan No. 3514ZR

	 	2.2.8	 	Fixed Rate Price Adjustment. Borrower
acknowledges that prepayment or acceleration of a Fixed Rate Portion
during a Fixed Rate Period shall result in Lenders’ incurring additional
costs, expenses and/or liabilities and that it is extremely difficult and
impractical to ascertain the extent of such costs, expenses and/or
liabilities. Therefore, on the date a Fixed Rate Portion is prepaid or
the date all sums payable hereunder become due and payable, by
acceleration or otherwise (“Price Adjustment Date”), Borrower will
pay Agent, for the account of each Lender (in addition to all other sums
then owing to Lenders) an amount (“Fixed Rate Price Adjustment”)
equal to the then present value of (i) the amount of interest that would
have accrued on the Fixed Rate Portion for the remainder of the Fixed Rate
Period at the Fixed Rate set on the Fixed Rate Commencement Date, less
(ii) the amount of interest that would accrue on the same Fixed Rate
Portion for the same period if the Fixed Rate were set on the Price
Adjustment Date at the Applicable LIBO Rate in effect on the Price
Adjustment Date. The present value shall be calculated by the Agent, for
the benefit of the Lenders, using as a discount rate the LIBO Rate quoted
on the Price Adjustment Date.

	 
	 	 	 	By initialing this provision where indicated below, Borrower confirms
that Lenders’ agreement to make the Loan at the interest rates and on the
other terms set forth herein and in the other Loan Documents constitutes
adequate and valuable consideration, given individual weight by Borrower,
for this agreement.

Borrower Initials.                     

	 	2.2.9	 	Purchase, Sale and Matching of Funds.
Borrower understands, agrees and acknowledges the following: (a) Lenders
have no obligation to purchase, sell and/or match funds in connection with
the use of a LIBO Rate as a basis for calculating a Fixed Rate or Fixed
Rate Price Adjustment; (b) a LIBO Rate is used merely as a reference in
determining a Fixed Rate and Fixed Rate Price Adjustment; and (c) Borrower
has accepted a LIBO Rate as a reasonable and fair basis for calculating a
Fixed Rate and a Fixed Rate Price Adjustment. Borrower further agrees to
pay the Fixed Rate Price Adjustment, Fixed Rate Taxes and Regulatory
Costs, if any, whether or not any Lender elects to purchase, sell and/or
match funds.”

	 	3.7	 	Section 2.4.1. The table in Section 2.4.1 is hereby deleted and replaced
with the following:

	 	 	 	 	 	 	 	 	 
	 	 	Borrower’s	 	 	Applicable Facility	 
	Level	 	Credit Rating	 	 	Fee Percentage	 
	I
	 	A-/A3 or higher	 	 	.15	%
	II
	 	BBB+/Baa1	 	 	.20	%
	III
	 	BBB/Baa2	 	 	.25	%
	IV
	 	BBB-/Baa3	 	 	.35	%
	V
	 	Lower than BBB-/Baa3	 	 	.40	%

	 	3.8	 	Section 2.7.8. A new Section 2.7.8 is hereby added as follows:

	 	“2.7.8	 	In order to assure timely payment to Agent, for the benefit of Lenders, of accrued
interest, principal, fees and late charges due and owing under the Loan, Borrower
hereby irrevocably authorizes Agent to directly debit the Borrower Account for
payment when due of all such amounts payable to Agent or any Lender. Borrower
represents and warrants to Agent and Lenders that Borrower is the legal owner of the
Borrower Account. Written confirmation of the amount and purpose of any such direct
debit shall be given to Borrower by Agent not less
frequently than monthly. In the event any direct debit hereunder is returned
for insufficient funds, Borrower shall pay Agent, for the benefit of Lenders,
upon demand, in immediately available funds, all amounts and expenses due and
owing, including without limitation any late fees incurred, to Agent or any
Lender.”

 

8

 

Exhibit 10.1

Loan No. 3514ZR

	 	3.9	 	Sections 2.9, 2.10 and 2.11. Sections 2.9, 2.10 and 2.11 are hereby
deleted in their entirety.

	 
	 	3.10	 	Section 4.18. Section 4.18 (“Tax Shelter Regulations”), which was
mis-numbered when added in the First Modification, is hereby deleted in its entirety.

	 
	 	3.11	 	Section 6.4.3. Section 6.4.3 is hereby deleted and replaced in its
entirety with the following:

	 	“6.4.3	 	Minimum Tangible Net Worth. Tangible Net Worth of Borrower and Guarantor
shall be not less than, at any time: (i) $1,600,000,000 plus (ii) eighty-five
percent (85%) of Equity Offering Net Proceeds”

	 	3.12	 	Section 6.4.8. Section 6.4.8 is hereby deleted and replaced in its
entirety with the following:

	 	“6.4.8	 	Land Holdings. The aggregate value of Land Holdings of Borrower and
Guarantor (valued at the lesser of acquisition cost or market value) shall not at
any time exceed five percent (5%) of Gross Asset Value.”

	 	3.13	 	Section 6.4.9. Section 6.4.9 is hereby deleted and replaced in its
entirety with the following:

	 	“6.4.9	 	Securities Holdings. The aggregate value of Capital Stock of any Person
other than in Joint Ventures which is owned by Borrower Parties (valued at the
lesser of acquisition cost or market value) shall not at any time exceed ten percent
(10%) of Gross Asset Value.”

	 	3.14	 	Section 6.4.12. Section 6.4.12 is hereby deleted and replaced in its
entirety with the following:

	 	“6.4.12 	 	Construction-In-Progress. The aggregate rentable square footage of
Construction-in-Progress that in not subject to signed leases between the applicable
Borrower Party and the tenant for such space shall not at any time exceed ten
percent (10%) of the aggregate rentable square footage of the Real Property. In
addition, the aggregate rentable square footage of all Construction-In- Progress
shall not at any time exceed fifteen percent (15%) of the aggregate rentable square
footage of the Real Property.”

	 	3.15	 	Section 6.4.13. Section 6.4.13 is hereby deleted and replaced in its
entirety with the following:

	 	“6.4.13	 	Other Assets. The aggregate value of Other Assets owned by Borrower
Parties (valued at the lesser of Acquisition Cost or Market Value) shall not at any
time exceed thirty percent (30%) of Gross Asset Value.”

	 	3.16	 	[Intentionally Omitted].

	 
	 	3.17	 	Article 8. Article 8 is hereby deleted and replaced in its entirety with the following:

	 	 	 	“8.1 Appointment And Authorization.

	 	8.1.1	 	Each Lender hereby irrevocably appoints and
authorizes the Agent to take such action as contractual representative on
such Lender’s behalf and to exercise such powers under this Agreement and,
the other Loan Documents as are specifically delegated to the Agent by the
terms hereof and thereof, together with such powers as are reasonably
incidental thereto. Not in limitation of the foregoing, each Lender
authorizes and directs the Agent to enter into the Loan Documents for the
benefit of the Lenders.

	 
	 	8.1.2	 	Each Lender hereby agrees that, except as otherwise
set forth herein, any action taken by the Majority Lenders in accordance
with the provisions of this Agreement or the Loan Documents, and the
exercise by the Majority Lenders of the powers set forth herein or
therein, together with such other powers as are reasonably incidental
thereto, shall be authorized and binding upon all of the Lenders.

 

9

 

Exhibit 10.1

Loan No. 3514ZR

	 	8.1.3	 	Nothing herein shall be construed to deem the Agent
a trustee or fiduciary for any Lender or to impose on the Agent duties or
obligations other than those expressly provided for herein. Without
limiting the generality of the foregoing, the use of the terms
“Administrative Agent”, “Agent”, “agent” and similar terms in the Loan
Documents with reference to the Agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law. Instead, use of such terms is merely a
matter of market custom, and is intended to create or reflect only an
administrative relationship between independent contracting parties.

	 
	 	8.1.4	 	The Agent will furnish to any Lender, upon the
request of such Lender, a copy (or, where appropriate, an original) of any
document, instrument, agreement, certificate or notice furnished to the
Agent by the Borrower, any Borrower Party or any other Affiliate of the
Borrower, pursuant to this Agreement or any other Loan Document not
already delivered to such Lender pursuant to the terms of this Agreement
or any such other Loan Document.

	 
	 	8.1.5	 	As to any matters not expressly provided for by the
Loan Documents (including, without limitation, enforcement or collection
of any of Borrower’s obligations hereunder), Agent shall not be required
to exercise any discretion or take any action, but shall be required to
act or to refrain from acting (and shall be fully protected in so acting
or refraining from acting) upon the instructions of the Majority Lenders
(or all of the Lenders if explicitly required under any other provision of
this Agreement), and such instructions shall be binding upon all Lenders
and all holders of any of the obligations of Borrower; provided,
however, that, notwithstanding anything in this Agreement to the
contrary, the Agent shall not be required to take any action which exposes
the Agent to personal liability or which is contrary to this Agreement or
any other Loan Document or Requirements of Law. Not in limitation of the
foregoing, the Agent may exercise any right or remedy it or the Lenders
may have under any Loan Document upon the occurrence of a Default or Event
of Default unless the Majority Lenders have directed the Agent otherwise.
Without limiting the foregoing, no Lender shall have any right of action
whatsoever against the Agent as a result of the Agent acting or refraining
from acting under this Agreement or the other Loan Documents, in
accordance with the instructions of the Majority Lenders, or where
applicable, all the Lenders.

	 	8.2	 	Wells Fargo Bank, National Association, As Lender. Wells Fargo
Bank, National Association, as a Lender, shall have the same rights and powers under
this Agreement and any other Loan Document as any other Lender and may exercise the
same as though it were not the Agent; and the term “Lender” or “Lenders” shall,
unless otherwise expressly indicated, include Wells Fargo Bank, National
Association, in each case in its individual capacity. Wells Fargo Bank, National
Association, and its affiliates may each accept deposits from, maintain deposits or
credit balances for, invest in, lend money to, act as trustee under indentures of,
serve as financial advisor to, and generally engage in any kind of business with the
Borrower, any other Borrower Party or any other affiliate thereof as if it were any
other bank and without any duty to account therefor to the other Lenders. Further,
the Agent and any affiliate may accept fees and other consideration from the
Borrower for services in connection with this Agreement and otherwise without having
to account for the same to the other Lenders. The Lenders acknowledge that,
pursuant to such activities, Wells Fargo Bank, National Association, or its
affiliates may receive information regarding the Borrower, other loan parties, other
subsidiaries and other Affiliates (including information that may be subject to
confidentiality obligations in favor of such Person) and acknowledge that the Agent
shall be under no obligation to provide such information to them.

 

10

 

Exhibit 10.1

Loan No. 3514ZR

	 	8.3	 	Loan Disbursements.

	 	8.3.1	 	Following receipt of a complete Notice of Borrowing,
Agent shall send a copy thereof by facsimile to each other Lender and
shall otherwise notify each Lender of the proposed disbursement and the
Funding Date. Each Lender shall make available to Agent (or the funding
bank or entity designated by Agent), the amount of such Lender’s Pro Rata
Share of such disbursement in immediately available funds not later than
the times designated in Section 8.3.2. Unless Agent shall have
been notified by any Lender not later than the close of business (San
Francisco time) on the Business Day immediately preceding the Funding
Date in respect of any disbursement that such Lender does not intend to
make available to Agent such Lender’s Pro Rata Share of such
disbursement, Agent may assume that such Lender shall make such amount
available to Agent. If any Lender does not notify Agent of its intention
not to make available its Pro Rata Share of such disbursement as
described above, but does not for any reason make available to Agent such
Lender’s Pro Rata Share of such disbursement, such Lender shall pay to
Agent forthwith on demand such amount, together with interest thereon at
the Federal Funds Rate. In any case where a Lender does not for any
reason make available to Agent such Lender’s Pro Rata Share of such
disbursement, Agent, in its sole discretion, may, but shall not be
obligated to, fund to Borrower such Lender’s Pro Rata Share of such
disbursement. If Agent funds to Borrower such Lender’s Pro Rata Share of
such disbursement and if such Lender subsequently pays to Agent such
corresponding amount, such amount so paid shall constitute such Lender’s
Pro Rata Share of such disbursement. Nothing in this Section
8.3.1 shall alter the respective rights and obligations of the
parties hereunder in respect of a Defaulting Lender.

	 
	 	8.3.2	 	Requests by Agent for funding by Lenders of
disbursements will be made by telecopy. Each Lender shall make the amount
of its disbursement available to Agent in Dollars and in immediately
available funds, to such bank and account, in El Segundo, California (to
such bank and account in such other place) as Agent may designate, not
later than 9:00 A.M. (San Francisco time) on the Funding Date designated
by Agent with respect to such disbursement, but in no event earlier than
two (2) Business Days following Lender’s receipt of the applicable Notice
of Borrowing.

	 
	 	8.3.3	 	Nothing in this Section 8.3 shall be deemed
to relieve any Lender of its obligation hereunder to make its Pro Rata
Share of disbursements on any Funding Date, nor shall Agent or any Lender
be responsible for the failure of any other Lender to perform its
obligations to make any disbursement hereunder, and the Commitment of any
Lender shall not be increased or decreased as a result of the failure by
any other Lender to perform its obligation to make a disbursement.

	 	8.4	 	Distribution and Apportionment of Payments; Defaulting Lenders.
Payments actually received by Agent for the account of Lenders shall be paid to them
promptly after receipt thereof by Agent, but in any event within two (2) Business
Days, provided that Agent shall pay to Lenders interest thereon, at the lesser of
(i) the Federal Funds Rate and (ii) the rate of interest applicable to the Loan,
from the Business Day following receipt of such funds by Agent until such funds are
paid in immediately available funds to Lenders. All payments of principal,
interest, and other payments under the Loan Documents shall be allocated among such
of Lenders as are entitled thereto, in proportion to their respective Pro Rata
Shares in the Loan or otherwise as provided herein or as separately agreed by Agent
and any Lender. Agent shall promptly distribute, but in any event within two (2)
Business Days, to each Lender at its primary address set forth on the appropriate
signature page hereof or on the Assignment and Assumption Agreement, or at such
other address as a Lender may request in writing, such funds as it may be entitled
to receive, provided that Agent shall in any event not be bound to inquire into or
determine the validity, scope or priority of any interest or entitlement of any
Lender and may suspend all payments and seek appropriate relief (including, without
limitation, instructions from Majority Lenders or all Lenders, as applicable, or an
action in the nature of interpleader) in the event of any doubt or dispute as to any
apportionment or distribution contemplated hereby. The order of priority herein is
set forth solely to determine the rights and priorities of Lenders as among
themselves and may at any time or from time to time be changed by Lenders as they
may elect, in writing in accordance with this Agreement, without necessity of notice
to or consent of or approval by Borrower or any other Person. All payments or other
sums received by Agent for the account of Lenders shall not constitute property or
assets of the Agent and shall be held by Agent, solely in its capacity as agent for
itself and the other Lenders, subject to the Loan Documents.

 

11

 

Exhibit 10.1

Loan No. 3514ZR

	 	8.5	 	Pro Rata Treatment. Except to the extent otherwise provided
herein: (a) each borrowing from Lenders shall be made from the Lenders, each
payment of the fees shall be made for the account
of the Lenders, and each termination or reduction of the amount of the
Commitments pursuant to this Agreement shall be applied to the respective
Commitments of the Lenders, pro rata according to the amounts of their
respective Commitments; (b) each payment or prepayment of principal of the Loan
by the Borrower shall be made for the account of the Lenders pro rata in
accordance with the respective unpaid principal amounts of the Loan held by
them, provided that if immediately prior to giving effect to any such payment
in respect of the Loan the outstanding principal amount of the Loan shall not
be held by the Lenders pro rata in accordance with their respective Commitments
in effect at the time the Loan was made, then such payment shall be applied to
the Loan in such manner as shall result, as nearly as is practicable, in the
outstanding principal amount of the Loan being held by the Lenders pro rata in
accordance with their respective Commitments; and (c) each payment of interest
on the Loan by the Borrower shall be made for the account of the Lenders pro
rata in accordance with the amounts of interest on the Loan then due and
payable to the respective Lenders.

	 
	 	8.6	 	Sharing Of Payments, Etc. Lenders agree among themselves that
(a) with respect to all amounts received by them which are applicable to the payment
of the obligations of Borrower or Guarantor under the Loan, equitable adjustment
will be made so that, in effect, all such amounts will be shared among them ratably
in accordance with their Pro Rata Shares in the Loan, whether received by voluntary
payment, by counterclaim or cross action or by the enforcement of any or all of such
obligations, (b) if any of them shall by voluntary payment or by the exercise of any
right of counterclaim or otherwise, receive payment of a proportion of the aggregate
amount of such obligations held by it which is greater than its Pro Rata Share in
the Loan of the payments on account of such obligations, the one receiving such
excess payment shall purchase, without recourse or warranty, an undivided interest
and participation (which it shall be deemed to have done simultaneously upon the
receipt of such payment) in such obligations owed to the others so that all such
recoveries with respect to such obligations shall be applied ratably in accordance
with such Pro Rata Shares; provided, that if all or part of such excess payment
received by the purchasing party is thereafter recovered from it, those purchases
shall be rescinded and the purchase prices paid for such participations shall be
returned to that party to the extent necessary to adjust for such recovery, but
without interest except to the extent the purchasing party is required to pay
interest in connection with such recovery. Borrower agrees that any Lender so
purchasing a participation from another Lender pursuant to this Section 8.6
may, to the fullest extent permitted by law, exercise all its rights of payment with
respect to such participation as fully as if such Lender were the direct creditor of
Borrower in the amount of such participation.

	 
	 	8.7	 	Approvals of Lenders. All communications from the Agent to any
Lender requesting such Lender’s determination, consent, approval or disapproval (a)
shall be given in the form of a written notice to such Lender, (b) shall be
accompanied by a description of the matter or issue as to which such determination,
approval, consent or disapproval is requested, or shall advise such Lender where
information, if any, regarding such matter or issue may be inspected, or shall
otherwise describe the matter or issue to be resolved, (c) shall include, if
reasonably requested by such Lender and to the extent not previously provided to
such Lender, written materials and a summary of all oral information provided to the
Agent by the Borrower in respect of the matter or issue to be resolved, and (d)
shall include the Agent’s recommended course of action or determination in respect
thereof. Unless a Lender shall give written notice to the Agent that it
specifically objects to the recommendation or determination of the Agent (together
with a reasonable written explanation of the reasons behind such objection) within
ten (10) Business Days (or such lesser or greater period as may be specifically
required under the express terms of the Loan Documents) of receipt of such
communication, such Lender shall be deemed to have conclusively approved of or
consented to such recommendation or determination.

	 
	 	8.8	 	Notice Of Defaults. The Agent shall not be deemed to have
knowledge or notice of the occurrence of a Default or Event of Default unless the
Agent has received notice from a Lender or the Borrower referring to this Agreement,
describing with reasonable specificity such Default or Event of Default and stating
that such notice is a “notice of default”. If any Lender (excluding the Lender
which is also serving as the Agent) becomes aware of any Default or Event of
Default, it shall promptly send to the Agent such a “notice of default”. Further,
if the Agent receives such a “notice of default,” the Agent shall give prompt notice
thereof to the Lenders.

 

12

 

Exhibit 10.1

Loan No. 3514ZR

	 	8.9	 	Agent’s Reliance, Etc. Notwithstanding any other provisions of
this Agreement, or any other Loan Documents, neither the Agent nor any of its
directors, officers, agents, employees or counsel shall be liable for any action
taken or not taken by it under or in connection with this Agreement or any other
Loan Document, except for its or their own gross negligence or willful misconduct in
connection with its duties expressly set forth herein or therein. Without limiting
the generality of the foregoing, the Agent: may consult with legal counsel
(including its own counsel or counsel for the Borrower or any other Borrower Party),
independent public accountants and other experts selected by it and shall not be
liable for any action taken or omitted to be taken in good faith by it in accordance
with the advice of such counsel, accountants or experts. Neither the Agent nor any
of its directors, officers, agents, employees or counsel: (a) makes any warranty or
representation to any Lender or any other Person and shall be responsible to any
Lender or any other Person for any statement, warranty or representation made or
deemed made by the Borrower, any other Borrower Party or any other Person in or in
connection with this Agreement or any other Loan Document; (b) shall have any duty
to ascertain or to inquire as to the performance or observance of any of the terms,
covenants or conditions of this Agreement or any other Loan Document or the
satisfaction of any conditions precedent under this Agreement or any Loan Document
on the part of the Borrower or other Persons or inspect the property, books or
records of the Borrower or any other Person; (c) shall be responsible to any Lender
for the due execution, legality, validity, enforceability, genuineness, sufficiency
or value of this Agreement or any other Loan Document, or any other instrument or
document furnished pursuant thereto; (d) shall have any liability in respect of any
recitals, statements, certifications, representations or warranties contained in any
of the Loan Documents or any other document, instrument, agreement, certificate or
statement delivered in connection therewith; or (e) shall incur any liability under
or in respect of this Agreement or any other Loan Document by acting upon any
notice, consent, certificate or other instrument or writing (which may be by
telephone, telecopy or electronic mail) believed by it to be genuine and signed,
sent or given by the proper party or parties. The Agent may execute any of its
duties under the Loan Documents by or through agents, employees or attorneys-in-fact
and shall not be responsible for the negligence or misconduct of any agent or
attorney-in-fact that it selects in the absence of gross negligence or willful
misconduct.

	 
	 	8.10	 	Indemnification Of Agent. Regardless of whether the transactions
contemplated by this Agreement and the other Loan Documents are consummated, each
Lender agrees to indemnify the Agent (to the extent not reimbursed by the Borrower
and without limiting the obligation of the Borrower to do so) pro rata in accordance
with such Lender’s respective Pro Rata Share, from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind or nature whatsoever which may at any
time be imposed on, incurred by, or asserted against the Agent (in its capacity as
Agent but not as a “Lender”) in any way relating to or arising out of the Loan
Documents, any transaction contemplated hereby or thereby or any action taken or
omitted by the Agent under the Loan Documents (collectively, “Indemnifiable
Amounts”); provided, however, that no Lender shall be liable for any portion of
such Indemnifiable Amounts to the extent resulting from the Agent’s gross negligence
or willful misconduct as determined by a court of competent jurisdiction in a final,
non-appealable judgment provided, however, that no action taken in accordance with
the directions of the Majority Lenders shall be deemed to constitute gross
negligence or willful misconduct for purposes of this Section. Without limiting the
generality of the foregoing, each Lender agrees to reimburse the Agent (to the
extent not reimbursed by the Borrower and without limiting the obligation of the
Borrower to do so) promptly upon demand for its ratable share of any out-of-pocket
expenses (including the reasonable fees and expenses of the counsel to the Agent)
incurred by the Agent in connection with the preparation, negotiation, execution,
administration, or enforcement (whether through negotiations, legal proceedings, or
otherwise) of, or legal advice with respect to the rights or responsibilities of the
parties under, the Loan Documents, any suit or action brought by the Agent to
enforce the terms of the Loan Documents and/or collect any obligation of Borrower
hereunder, any “lender liability” suit or claim brought against the Agent and/or the
Lenders, and any claim or suit brought against the Agent and/or the Lenders arising
under any Hazardous Materials Laws. Such out-of-pocket expenses (including counsel
fees) shall be advanced by the Lenders on the request of the Agent notwithstanding
any claim or assertion that the Agent is not entitled to indemnification hereunder
upon receipt of an undertaking by the Agent that the Agent will reimburse the
Lenders if it is actually and finally
determined by a court of competent jurisdiction that the Agent is not so
entitled to indemnification. The agreements in this Section shall survive the
payment of the Loans and all other amounts payable hereunder or under the other
Loan Documents and the termination of this Agreement. If the Borrower shall
reimburse the Agent for any Indemnifiable Amount following payment by any
Lender to the Agent in respect of such Indemnifiable Amount pursuant to this
Section, the Agent shall share such reimbursement on a ratable basis with each
Lender making any such payment.

 

13

 

Exhibit 10.1

Loan No. 3514ZR

	 	8.11	 	Lender Credit Decision, Etc. Each Lender expressly acknowledges
and agrees that neither the Agent nor any of its officers, directors, employees,
agents, counsel, attorneys-in-fact or other affiliates has made any representations
or warranties to such Lender and that no act by the Agent hereafter taken, including
any review of the affairs of the Borrower, any other Borrower Party or Affiliate,
shall be deemed to constitute any such representation or warranty by the Agent to
any Lender. Each Lender acknowledges that it has, independently and without
reliance upon the Agent, any other Lender or counsel to the Agent, or any of their
respective officers, directors, employees, agents or counsel, and based on the
financial statements of the Borrower, any other Borrower Party or Affiliates, and
inquiries of such Persons, its independent due diligence of the business and affairs
of the Borrower, each other Borrower Party and other Persons, its review of the Loan
Documents, the legal opinions required to be delivered to it hereunder, the advice
of its own counsel and such other documents and information as it has deemed
appropriate, made its own credit and legal analysis and decision to enter into this
Agreement and the transactions contemplated hereby. Each Lender also acknowledges
that it will, independently and without reliance upon the Agent, any other Lender or
counsel to the Agent or any of their respective officers, directors, employees and
agents, and based on such review, advice, documents and information as it shall deem
appropriate at the time, continue to make its own decisions in taking or not taking
action under the Loan Documents. The Agent shall not be required to keep itself
informed as to the performance or observance by the Borrower or any other Borrower
Party of the Loan Documents or any other document referred to or provided for
therein or to inspect the properties or books of, or make any other investigation
of, the Borrower, any other Borrower Party. Except for notices, reports and other
documents and information expressly required to be furnished to the Lenders by the
Agent under this Agreement or any of the other Loan Documents, the Agent shall have
no duty or responsibility to provide any Lender with any credit or other information
concerning the business, operations, property, financial and other condition or
creditworthiness of the Borrower, any other Borrower Party or any other Affiliate
thereof which may come into possession of the Agent or any of its officers,
directors, employees, agents, attorneys-in-fact or other Affiliates. Each Lender
acknowledges that the Agent’s legal counsel in connection with the transactions
contemplated by this Agreement is only acting as counsel to the Agent and is not
acting as counsel to such Lender.

	 
	 	8.12	 	Successor Agent. Agent may resign at any time as Agent under
the Loan Documents by giving written notice thereof to the Lenders and the Borrower.
Upon any such resignation, the Majority Lenders shall have the right to appoint a
successor Agent which appointment shall, provided no Event of Default or Default
exists, be subject to the Borrower’s approval, which approval shall not be
unreasonably withheld or delayed (except that the Borrower shall, in all events, be
deemed to have approved each Lender and any of its Affiliates as a successor Agent).
If no successor Agent shall have been so appointed in accordance with the
immediately preceding sentence, and shall have accepted such appointment, within
thirty (30) days after the current Agent’s giving of notice of resignation, then the
current Agent may, on behalf of the Lenders, appoint a successor Agent, which shall
be a Lender, if any Lender shall be willing to serve, and otherwise shall be an
Eligible Assignee. Upon the acceptance of any appointment as Agent hereunder by a
successor Agent, such successor Agent shall thereupon succeed to and become vested
with all the rights, powers, privileges and duties of the current Agent, and the
current Agent shall be discharged from its duties and obligations under the Loan
Documents. After any Agent’s resignation hereunder as Agent, the provisions of this
Article 8 shall continue to inure to its benefit as to any actions taken or
omitted to be taken by it while it was Agent under the Loan Documents.
Notwithstanding anything contained herein to the contrary, the Agent may assign its
rights and duties under the Loan Documents to any of its Affiliates by giving the
Borrower and each Lender prior written notice.

 

14

 

Exhibit 10.1

Loan No. 3514ZR

	 	8.13	 	No Set-Offs. Each Lender hereby acknowledges that the exercise
by any Lender of offset, set-off, banker’s lien or similar rights against any
deposit account or other property or asset of Borrower, whether or not located in
California, could result under certain laws in significant impairment of the ability
of all Lenders to recover any further amounts in respect of the Loan. Therefore,
each Lender agrees not to charge or offset any amount owed to it by Borrower against
any of the accounts, property or assets of Borrower or any of its affiliates held by
such Lender without the prior written approval of Agent and Majority Lenders.”

	3.18	 	Section 9.3. Section 9.3 is hereby deleted in its entirety and replaced
with the following:

	 	“9.3	 	Amendments And Waivers.

	 	9.3.1	 	Generally. Except as otherwise expressly provided in this
Agreement, (a) any consent or approval required or permitted by this Agreement or
in any Loan Document to be given by the Lenders may be given, (b) any term of
this Agreement or of any other Loan Document may be amended, (c) the performance
or observance by the Borrower or any other Borrower Party of any terms of this
Agreement or such other Loan Document may be waived, and (d) the continuance of
any Default may be waived (either generally or in a particular instance and
either retroactively or prospectively) with, but only with, the written consent
of the Majority Lenders (or the Agent at the written direction of the Majority
Lenders), and, in the case of an amendment to any Loan Document, the written
consent of each Borrower Party which is party thereto. Notwithstanding the
previous sentence, the Agent, shall be authorized on behalf of all the Lenders,
without the necessity of any notice to, or further consent from, any Lender, to
waive the imposition of the late fees provided in Section 2.2.3, up to a
maximum of three times per calendar year.

	 
	 	9.3.2	 	Unanimous Consent. Notwithstanding the foregoing, no
amendment, waiver or consent shall, unless in writing, and signed by all of the
Lenders (or the Agent at the written direction of the Lenders), do any of the
following:

	 	9.3.2.1	 	increase the Commitments of the Lenders (excluding any increase as a
result of an assignment of Commitments permitted under
Section 9.6) or subject the Lenders to any additional obligations;

	 
	 	9.3.2.2	 	reduce the principal of, or interest rates that have accrued or that
will be charged on the outstanding principal amount of, the Loan;

	 
	 	9.3.2.3	 	reduce the amount of any fees payable to the Lenders hereunder;

	 
	 	9.3.2.4	 	postpone any date fixed for any payment of principal of, or interest
on, the Loan (including, without limitation, the Maturity Date) or for the
payment of fees or any other obligations of Borrower or Guarantor;

	 
	 	9.3.2.5	 	change the Pro Rata Shares (excluding any change as a result of an
assignment of Commitments permitted under Section 9.6);

	 
	 	9.3.2.6	 	amend this Section or amend the definitions of the terms used in this
Agreement or the other Loan Documents insofar as such definitions affect
the substance of this Section;

	 
	 	9.3.2.7	 	modify the definition of the term “Majority Lenders” or modify in any
other manner the number or percentage of the Lenders required to make any
determinations or waive any rights hereunder or to modify any provision
hereof;

	 
	 	9.3.2.8	 	release any Guarantor from its obligations under the Guaranty; or

	 
	 	9.3.2.9	 	waive an Event of Default under Section 7.1.1.

 

15

 

Exhibit 10.1

Loan No. 3514ZR

	 	9.3.3	 	Amendment of Agent’s Duties, Etc. No amendment, waiver or
consent unless in writing and signed by the Agent, in addition to the Lenders
required hereinabove to take such action, shall affect the rights or duties of the
Agent under this Agreement, any of the other Loan Documents. No waiver shall extend
to or affect any obligation not expressly waived or impair any right consequent
thereon and any amendment, waiver or consent shall be effective only in the specific
instance and for the specific purpose set forth therein. No course of dealing
or delay or omission on the part of the Agent or any Lender in exercising any
right shall operate as a waiver thereof or otherwise be prejudicial thereto.
Any Event of Default occurring hereunder shall continue to exist until such
time as such Event of Default is waived in writing in accordance with the terms
of this Section, notwithstanding any attempted cure or other action by the
Borrower, any other Borrower Party or any other Person subsequent to the
occurrence of such Event of Default. Except as otherwise explicitly provided
for herein or in any other Loan Document, no notice to or demand upon the
Borrower shall entitle the Borrower to other or further notice or demand in
similar or other circumstances.”

	3.19	 	Section 9.6. Section 9.6 is hereby deleted in its entirety and replaced
with the following:

	 	“9.6	 	Successors and Assigns.

	 	9.6.1	 	Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, except that the Borrower may not assign or otherwise
transfer any of its rights under this Agreement without the prior written consent
of all the Lenders (and any such assignment or transfer to which all of the
Lenders have not consented shall be void).

	 
	 	9.6.2	 	Participations. Any Lender may at any time grant to an
affiliate of such Lender, or one or more banks or other financial institutions
(each a “Participant”) participating interests in its Commitment or the
obligations owing to such Lender hereunder. No Participant shall have any rights
or benefits under this Agreement or any other Loan Document. In the event of any
such grant by a Lender of a participating interest to a Participant, such Lender
shall remain responsible for the performance of it obligations hereunder, and the
Borrower and the Agent shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement pursuant to which any Lender may grant such a
participating interest shall provide that such Lender shall retain the sole right
and responsibility to enforce the obligations of the Borrower hereunder
including, without limitation, the right to approve any amendment, modification
or waiver of any provision of this Agreement; provided however,
such Lender may agree with the Participant that it will not, without the consent
of the Participant, agree to (a) increase such Lender’s Commitment, (b) extend
the date fixed for the payment of principal on the Loan or a portion thereof
owing to such Lender, or (c) reduce the rate at which interest is payable
thereon. An assignment or other transfer which is not permitted by Section
9.6.3 below shall be given effect for purposes of this Agreement only to the
extent of a participating interest granted in accordance with this Section
9.6.2.

	 
	 	9.6.3	 	Assignments. Any Lender may with the prior written
consent of the Agent and the Borrower (which consent, in each case, shall not be
unreasonably withheld) at any time assign to one or more Eligible Assignees (each
an “Assignee”) all or a portion of its rights and obligations under this
Agreement and the Notes; provided, however, (i) no such consent
by the Borrower shall be required (x) if a Default or Event of Default shall
exist or (y) in the case of an assignment to another Lender or an Affiliate of
another Lender; (ii) any partial assignment shall be in an amount at least equal
to $10,000,000 and after giving effect to such assignment the assigning Lender
retains a Commitment, or if the Commitments have been terminated, holds a Note
having an outstanding principal balance, of at least $10,000,000, and (iii) each
such assignment shall be effected by means of an Assignment and Assumption
Agreement. Upon execution and delivery of such instrument and payment by such
Assignee to such transferor Lender of an amount equal to the purchase price
agreed between such transferor Lender and such Assignee, such Assignee shall be
deemed to be a Lender party to this Agreement and shall have all the rights and
obligations of a Lender with a Commitment as set forth in such Assignment and
Assumption Agreement, and the transferor Lender shall be released from its
obligations hereunder to a corresponding extent, and no further consent or action
by any party shall be required. Upon the consummation of any assignment pursuant
to this Section 9.6.3, the transferor Lender, the Agent and the Borrower
shall make appropriate arrangement so the new Notes are issued to the Assignee
and such transferor Lender, as appropriate. In connection with any such
assignment, the transferor Lender shall pay to the Agent an administrative fee
for processing such assignment in the amount of $4,500. Anything in this Section
to the contrary notwithstanding, no Lender may
assign or participate any interest in any Loan held by it hereunder to the
Borrower, or any of its respective Affiliates or subsidiaries.

 

16

 

Exhibit 10.1

Loan No. 3514ZR

	 	9.6.4	 	Tax Withholding. At least five (5) Business Days prior to
the first day on which interest or fees are payable hereunder for the account of
any Lender, each Lender that is not incorporated under the laws of the United
States of America, or a state thereof, shall furnish the Agent and Borrower with
a properly completed executed copy of either Internal Revenue Service Form W-8ECI
or Internal Revenue Service Form W-8BEN and either Internal Revenue Service Form
W-8 or Internal Revenue Service Form W-9 and any additional form (or such other
form) as is necessary to claim complete exemption from United States withholding
taxes on all payments hereunder. At all times each Lender shall own or
beneficially own a Note, such Lender shall (a) promptly provide to the Agent and
Borrower a new Internal Revenue Service Form W-8ECI or Internal Revenue Service
Form W-8BEN and Internal Revenue Service Form W-8 or Internal Revenue Service
Form W-9 and any additional form (or such other form) (or any successor form or
forms) upon the expiration or obsolescence of any previously delivered form and
comparable statements in accordance with applicable United States laws and
regulations and amendments duly executed and completed by such Lender, and (b)
comply at all times with all applicable United States laws and regulations,
including all provisions of any applicable tax treaty, with regard to any
withholding tax exemption claimed with respect to any payments on the Loan. If
any Lender cannot deliver such form, then Borrower may withhold from payments due
under the Loan Documents such amounts as Borrower is able to determine from
accurate information provided by such Lender are required by the Internal Revenue
Code.

	 
	 	9.6.5	 	Federal Reserve Bank Assignments. In addition to the
assignments and participations permitted under the foregoing provisions of this
Section, and without the need to comply with any of the formal or procedural
requirements of 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 of assignment
shall release such Lender from its obligation thereunder.

	 
	 	9.6.6	 	Information to Assignee, Etc. Subject to Section
9.7 below, a Lender may furnish any information concerning the Borrower, any
subsidiary or any other Borrower Party in the possession of such Lender from time
to time to Assignees and Participants (including prospective Assignees and
Participants). In connection with such negotiation, execution and delivery,
Borrower authorizes Administrative Agent and Lenders to communicate all
information and documentation related to the Loan (whether to Borrower or to any
Participant, Assignee, legal counsel, appraiser or other necessary party)
directly by e-mail, fax, or other electronic means used to transmit information.”

	3.20	 	Section 9.16 . Section 9.16 is hereby deleted in its entirety and replaced with the following:

	 	“9.16	 	USA Patriot Act Notice; Compliance .

	 	9.16.1	 	The USA Patriot Act of 2001 (Public Law 107-56) and federal regulations
issued with respect thereto require all financial institutions to obtain,
verify and record certain information that identifies individuals or
business entities which open an “account” with such financial institution.
Consequently, Lender (for itself and/or as Agent for all Lenders
hereunder) may from time-to-time request, and Borrower shall provide to
Lender, Borrower’s name, address, tax identification number and/or such
other identification information as shall be necessary for Lender to
comply with federal law. An “account” for this purpose may include,
without limitation, a deposit account, cash management service, a
transaction or asset account, a credit account, a loan or other extension
of credit, and/or other financial services product.

	 
	 	9.16.2	 	In order for the Agent to comply with the USA Patriot Act of 2001
(Public Law 107-56), prior to any Lender or Participant that is organized
under the laws of a jurisdiction outside of the United States of America
becoming a party hereto, the Agent may request, and such Lender or
Participant shall provide to the Agent, its name, address, tax
identification number and/or such other identification information as
shall be necessary for the Agent to comply with federal law.”

 

17

 

Exhibit 10.1

Loan No. 3514ZR

	 	3.21	 	Section 9.17. A new Section 9.17 is hereby added as follows:

	 	“9.17	 	Capital Adequacy. If any Lender or any Participant in the Loan
reasonably determines that compliance with any law or regulation or with any
guideline or request from any central bank or other Governmental Authority (whether
or not having the force of law) affects or would affect the amount of capital
required or expected to be maintained by such Lender or such Participant, or any
corporation controlling such Lender or such Participant, as a consequence of, or
with reference to, such Lender’s or such Participant’s or such corporation’s
Commitments or its making or maintaining Loans below the rate which such Lender or
such Participant or such corporation controlling such Lender or such Participant
could have achieved but for such compliance (taking into account the policies of
such Lender or such Participant or corporation with regard to capital), then the
Borrower shall, from time to time, within thirty (30) calendar days after written
demand by such Lender or such Participant, pay to such Lender or such Participant
additional amounts sufficient to compensate such Lender or such Participant or such
corporation controlling such Lender or such Participant to the extent that such
Lender or such Participant reasonably determines such increase in capital is
allocable to such Lender’s or such Participant’s obligations hereunder. In such
case, Lender or Participant shall provide sufficient documentation to Borrower to
evidence such obligation.”

	 	3.22	 	Section 9.18. A new Section 9.18 is hereby added as follows:

	 	“9.18	 	Electronic Document Deliveries. Documents required to be
delivered pursuant to the Loan Documents shall be delivered by electronic
communication and delivery, including, the Internet, e-mail or intranet websites to
which the Agent and each Lender have access (including a commercial, third-party
website such as www.Edgar.com <http://www.Edgar.com> or a website sponsored or
hosted by the Agent or the Borrower) provided that (A) the foregoing shall not apply
to notices to any Lender pursuant to Article 2 and (B) the Lender has not notified
the Agent or Borrower that it cannot or does not want to receive electronic
communications. The Agent or the Borrower may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic delivery pursuant to
procedures approved by it for all or particular notices or communications.
Documents or notices delivered electronically shall be deemed to have been delivered
twenty-four (24) hours after the date and time on which the Agent or Borrower posts
such documents or the documents become available on a commercial website and the
Agent or Borrower notifies each Lender of said posting and provides a link thereto
provided if such notice or other communication is not sent or posted during the
normal business hours of the recipient, said posting date and time shall be deemed
to have commenced as of 9:00 a.m. on the opening of business on the next business
day for the recipient. Notwithstanding anything contained herein, in every instance
the Borrower shall be required to provide paper copies of the certificate required
by Section 5.1.3 to the Agent and shall deliver paper copies of any documents to the
Agent or to any Lender that requests such paper copies until a written request to
cease delivering paper copies is given by the Agent or such Lender. Except for the
certificates required by Section 5.1.3, the Agent shall have no obligation to
request the delivery of or to maintain paper copies of the documents delivered
electronically, and in any event shall have no responsibility to monitor compliance
by the Borrower with any such request for delivery. Each Lender shall be solely
responsible for requesting delivery to it of paper copies and maintaining its paper
or electronic documents.”

	 	3.23	 	Exhibit B-5. Exhibit B-5 to the Loan Agreement is hereby deleted and
replaced with Exhibit B-5 attached hereto.

	 
	 	3.24	 	Schedule 1.1B. A new Schedule 1.1B, in the form attached hereto as
Schedule 1.1B, is hereby added to the Loan Agreement.

	4.	 	AMENDED NOTE. Concurrently herewith Borrower shall execute the Second Amended and
Restated Promissory Note, of even date herewith, made by Borrower to the order of Wells Fargo
Bank, National Association, in the principal sum of One Hundred Million Dollars ($100,000,000)
(the “Amended Note”), which Amended Note fully amends restates and replaces the Existing Note
and shall not be construed as a novation of the Existing Note. All references in the Loan
Agreement and the other Loan Documents to the term “Note” shall be deemed to mean and refer to
the Amended Note as defined herein and all amounts outstanding under the Existing Note shall
be deemed
outstanding under the Amended Note. Upon execution of the Amended Note, the Existing Note
will be deemed cancelled. Lender will return the cancelled Existing Note to Borrower within
five (5) business days of the date the Amended Note is executed by Borrower.

 

18

 

Exhibit 10.1

Loan No. 3514ZR

	5.	 	EFFECTIVE DATE. The effective date of Borrower’s obligations and, subject to the
satisfaction of the conditions precedent in Section 1 above, Agent’s and Lenders’ obligations,
under this Agreement and the Amended Note shall be August 1, 2010.

	 
	6.	 	FORMATION AND ORGANIZATIONAL DOCUMENTS. Borrower has previously delivered to Agent
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 Agent. 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 Agent.

	 
	7.	 	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 any other Loan
Document or affect or impair any rights, powers, or remedies of Agent or Lenders, 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.

	 
	8.	 	MISCELLANEOUS; GOVERNING LAW; JURISDICTION. This Agreement and the other Loan
Documents shall be governed by and interpreted in accordance with the laws of the State of
California, except if preempted by federal law. In any action brought or arising out of this
Agreement or the Loan Documents, Agent, each Lender and Borrower, and the general partners,
members and joint venturers of Borrower (if any), hereby consent to the exclusive jurisdiction
of any federal or state court having proper venue within the State of California and also
consent to the service of process by any means authorized by California 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.

	 
	9.	 	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 Agent in writing.

	 
	10.	 	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.

 

19

 

Exhibit 10.1

Loan No. 3514ZR

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

	 	 	 	 	 	 	 	 	 
	 	 	“AGENT and LENDERS”
	 
	 	 	 	 	 	 	 	 
	 	 	WELLS FARGO BANK,	 	 
	 	 	NATIONAL ASSOCIATION,	 	 
	 	 	as Agent and Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Jamie Warner	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Jamie Warner	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Its:	 	Assistant Vice President	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	“BORROWER”	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PS BUSINESS PARKS, L.P.,	 	 
	 	 	a California limited partnership	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	PS Business Parks, Inc.,	 	 
	 	 	 	 	a California corporation,	 	 
	 	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Edward A. Stokx	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name: Edward A. Stokx	 	 
	 

	 	 	 	 	 	Its:       Executive Vice President and	 	 
	 

	 	 	 	 	 	            Chief Financial Officer	 	 

 

20

 

Exhibit 10.1

Loan No. 3514ZR

EXHIBIT B-5 — FIXED RATE NOTICE

	 	 	 	 	 	 	 
	TODAY’S DATE:                                                             	 	LOAN MATURITY DATE:	 	August 1, 2012
	 
	 	 	 	 	 	 
	TO:

	 	WELLS FARGO BANK, N.A. 
DISBURSEMENT AND OPERATIONS CENTER 

FAX # (310) 615-1014 or (310) 615-1016

ATTENTION: RATE OPTION DESK
	 	LOAN ADMINISTRATOR:
	 	Jeri Gehrer
	 
	 	 	 	 	 
	 

	 	 	RELATIONSHIP MANAGER:
	 	Jamie Warner

 

BORROWER INTEREST RATE OPTION REQUEST

Rate Quote Line (888) 293-2362 x:472 Use One Form Per Transaction

LOAN #: 3514ZR       BORROWER NAME: PS Business Parks, L.P., a California limited partnership

	 
	RATE SET DATE:                                     FIXED RATE COMMENCEMENT DATE:                               
        (1350)

	FIXED RATE PERIOD (TERM):                                                         (i.e. 1 or 3 months , etc. as allowed per Note)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	INDEX:

	 	LIBO
	 	RATE:
	 	%
	 	+
	 	Applicable Margin
	 	=
	 	#’s%
	 	(1350)
	 
	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	Quote
	 	 	 	Spread
	 	 	 	Applicable Rate	 	 

	 	 	 	 	 	 	 
	FIXED RATE PORTION EXPIRING ON:

	 	 	 	 	$	 
	 

	 	 
	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1.

	 	AMOUNT ROLLING OVER
	 	 	$	 	 	FROM OBLGN#:	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2.

	 	ADD: AMT TRANSFERRED

FROM VARIABLE 
RATE
PORTION
	 	 	$	 	 	FROM OBLGN#:
	 	 	 	 	 	TO OBLGN# :	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	(5522)	 	 	 	 	 	(5020)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3.

	 	ADD: AMT TRANSFERRED

FROM OTHER FIXED 
RATE
PORTION
	 	 	$	 	 	FROM OBLGN#:
	 	 	 	 	 	TO OBLGN# :	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	(5522)	 	 	 	 	 	(5020)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	ADD: AMT TRANSFERRED

FROM OTHER FIXED 
RATE
PORTION
	 	 	$	 	 	FROM OBLGN#:
	 	 	 	 	 	TO OBLGN# :	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	(5522)	 	 	 	 	 	(5020)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4.

	 	LESS: AMT TRANSFERRED TO

VARIABLE RATE PORTION
	 	 	$	 	 	FROM OBLGN#:
	 	 	 	 	 	TO OBLGN# :
	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	(5522)	 	 	 	 	 	(5020)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	TOTAL FIXED RATE PORTION:
	 	 	$	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 

	 	 	 	 	 	 	 
	ADMINISTRATIVE FEE DUE:

	 	$250.00	 	 
	 

	 	 	 	 
	CHARGE FEES TO DDA#:
         

	 	YES, charge DDA
	 	     DDA#:
                                                                         
	         

	 	NO, to be remitted
	 	PLEASE REMIT FEE TO: 2120 E. Park Place, Suite 100

El Segundo, CA 90245

Borrower confirms, represents and warrants to Agent and each Lender, (a) that this selection of a
Fixed Rate is subject to the terms and conditions of the Amended and Restated Revolving Credit
Agreement between Borrower, WELLS FARGO BANK, NATIONAL ASSOCIATION, as “Administrative Agent”, and
various Lenders, dated as of October 29, 2002 (the “Loan Agreement”) and the other Loan
Documents defined therein, and (b) that terms, words and phrases used but not defined in this
Notice have the meanings attributed thereto in the Loan Agreement, and (c) that no Default or Event
of Default has occurred or exists under the Loan Agreement or any other Loan Document.

	 	 	 	 	 
	REQUESTED BY (as allowed per documents):                                                          

	 	TELEPHONE #:
	 	(    )
	 

	 	 	 	 
	PRINT NAME:                                                                                                        

	 	FAX #:
	 	(     )
	 

	 	 	 	 

 

 

 

Exhibit 10.1

Loan No. 3514ZR

SCHEDULE 1.1B — PRO RATA SHARES

	 	 	 	 	 	 	 	 	 
	Lender	 	Commitment	 	 	Pro Rata Share	 
	 
	 	 	 	 	 	 	 	 
	Wells Fargo Bank, National Association
	 	$	100,000,000	 	 	 	100	%
	 
	 	 	 	 	 	 	 	 
	TOTALS
	 	$	100,000,000	 	 	 	100	%

 

 

 

Exhibit 10.1

Loan NO. 3514ZR

GUARANTOR’S CONSENT

The undersigned (“Guarantor”) consents to the foregoing Fifth Modification Agreement and the
transactions contemplated thereby and reaffirms its obligations under the Amended and Restated
General Continuing Guaranty (“Guaranty”), dated October 29, 2002, and its waivers, as set forth in
the Guaranty, of each and every one of the possible defenses to such obligations. Guarantor further
reaffirms that its obligations under the Guaranty are separate and distinct from Borrower’s
obligations.

Dated as of: July 28, 2010

	 	 	 	 	 
	 	“GUARANTOR”

PS BUSINESS PARKS, INC.,

a California corporation

 	 
	 	By:	/s/ Edward A. Stokx	 
	 	 	Name:  	Edward A. Stokx 	 
	 	 	Its: 	Executive Vice President and

Chief Financial Officerex105.htm

SUBSCRIPTION AGREEMENT

FOR THE

PURCHASE OF SHARES OF COMMON STOCK OF

FuLuCai Productions Ltd.

  

  

  

SUBSCRIPTION AGREEMENT FOR THE PURCHASE OF SHARES OF COMMON STOCK

FuLuCai Productions Ltd., a Nevada corporation (the “Company”) is offering (this “Offering”) for sale to ____________  (the “Investor”) to an aggregate of  ___________ shares of its common stock, par value $0.0001 per share (the “Common Stock”) at $0.01 per share of common stock.  This Offering is made by the Company, acting without a placement agent, pursuant to the Registration Statement File No.: 333-166949 declared effective by the U.S. Securities and Exchange Commission (the “Commission”) on ______________ (the “Registration Statement”) and this subscription agreement (this “Agreement”).

WHEREAS, the Company filed the Registration Statement to sell up to 10,000,000 shares of Common Stock on a best efforts basis and the Registration Statement was declared effective  by the Commission; and

WHEREAS, the Company is offering for sale to the Investor an aggregate of _____________ shares of its Common Stock on the terms agreed to herein.

NOW, THEREFORE, IT IS HEREBY AGREED:

 

Purchase of Shares

(a) The undersigned Investor agrees to purchase at the Closing (as defined herein) and the Company agrees to sell and issue at the Closing _____________ Shares of Common Stock, at a price of $0.01 per share (the “Shares”), for a total subscription amount of $____________ (the “Subscription Amount”).

(b) The Investor and the Company agree that the Subscription Amount shall be paid by or on behalf of the Investor by bank draft or check payable to FuLuCai Productions Ltd. and is subject to acceptance  by the Company (the “Closing”).

Subscription Procedures

(a) To subscribe, the Investor must:

(i) complete and sign this Agreement;

	
(ii)  

	
complete and sign the accompanying Confidential Prospective Purchaser Questionnaire (this Agreement and the Registration Statement are collectively referred to herein as the “Offering Documents”);

	
(iii)  

	
return the completed and signed Offering Documents and the check or bank draft payable to FuLuCai Productions Ltd. on behalf of the Investor to the following address:

  

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FuLuCai Productions Ltd.

c/o International Securities Group Inc.

1530 - 9th Ave SE

Calgary, Alberta

T2G 0T7

Prospective Investors should retain their own professional advisors to review and evaluate the economic, tax, and other consequences of an investment in the Company.

THE COMMISSION HAS NOT PASSED UPON THE ACCURACY OR ADEQUACY OF THE OFFERING DOCUMENTS. NO STATE SECURITIES LAW ADMINISTRATOR HAS PASSED ON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR THE ADEQUACY OF THE OFFERING DOCUMENTS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

THE SECURITIES OFFERED HEREBY SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN AFFORD TO SUSTAIN A LOSS OF THEIR ENTIRE INVESTMENT. INVESTORS WILL BE REQUIRED TO REPRESENT THAT THEY ARE FAMILIAR WITH AND UNDERSTAND THE TERMS OF THIS OFFERING.

THE INVESTOR, BY ACCEPTING DELIVERY OF THE OFFERING DOCUMENTS, AGREES TO RETURN THE OFFERING DOCUMENTS AND ALL ACCOMPANYING OR RELATED DOCUMENTS TO THE COMPANY UPON REQUEST IF THE INVESTOR DOES NOT AGREE TO PURCHASE ANY OF THE SECURITIES OFFERED HEREBY.

NASAA UNIFORM LEGEND

IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

  

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FULUCAI PRODUCTIONS LTD.

SUBSCRIPTION AGREEMENT FOR THE PURCHASE OF

SHARES OF COMMON STOCK

1. Unless terminated earlier by the Company, in its sole discretion, this Offering is scheduled to terminate on or about _________________, 5:00 p.m., New York time, unless extended for an additional 90 days (the “Offering Period”).

2. For additional information regarding the Company, the Investors are encouraged to review the Company’s Registration Statement (collectively referred to herein as the “Exchange Filings”).

3. The Company hereby makes the following representations, warranties and covenants to the Investors:

a. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder.

b. The execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated hereunder have been duly authorized by all necessary corporate action on the part of the Company.

c. This Agreement has been duly executed by the Company and, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as may be limited by any bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ and contracting parties’ rights generally or by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

4. Each Investor hereby makes the following representations, warranties and covenants to the Company:

a. Each Investor has carefully read the Offering Documents and the Exchange Filings, all of which the Investor acknowledges have been provided to it or have been available to it.  Each Investor has been given the opportunity to ask questions of, and receive answers from the Company concerning the terms and conditions of this Offering and the Offering Documents and to obtain such additional written information, to the extent the Company possesses such information or can acquire it without unreasonable effort or expense, necessary to verify the accuracy of the same as the Investor desires in order to evaluate this investment.  Each Investor further acknowledges that the Investor fully understands the Offering Documents, and the Investor has had the opportunity to discuss any questions regarding any of the Offering Documents with the Investor’s counsel or other advisor.  Notwithstanding the foregoing, the only information upon which the Investor has relied is that set forth in the Offering Documents and

  

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b. the Exchange Filings, and the Investor’s own independent investigation.  Each Investor acknowledges that the Investor has received no representations or warranties from the Company or its employees, directors, officers, or agents in making this investment decision other than as set forth in the Offering Documents and the Exchange Filings.

c. Each Investor is aware that the purchase of the Shares is a speculative investment involving a high degree of risk and that there is no guarantee that the Investor will realize any gain from this investment, and that the Investor could lose the total amount of the Investor's investment.

d. Each Investor understands that no federal or state agency has made any finding or determination regarding the fairness of this Offering, or any recommendation or endorsement of this Offering.

e. Although, the Investors are affiliates of a registered broker-dealer they are purchasing the Shares for their own account, with the intention of holding the Shares, with no present intention of dividing or allowing others to participate in this investment or of reselling or otherwise participating, directly or indirectly, in a distribution of the Shares.

f. Each Investor represents that the Investor, if an individual, has adequate means of providing for his or her current needs and personal and family contingencies and has no need for liquidity in this investment in the Shares.  The Investor has no reason to anticipate any material change in his or her personal financial condition for the foreseeable future.

g. Each Investor is financially able to bear the economic risk of this investment, including the ability to hold the Shares indefinitely or to afford a complete loss of the Investor’s investment.

h. Each Investor represents that each Investor's overall commitment to this investment is not disproportionate to the Investor's net worth, and the Investor's investment in the Shares will not cause such overall commitment to become excessive.   The Investor will not pledge, transfer, or assign this Agreement.

i. Each Investor represents that the funds provided for this investment are either separate property of the Investor, community property over which the Investor has the right of control, or are otherwise funds as to which the Investor has the sole right of management.

j. FOR PARTNERSHIPS, CORPORATIONS, TRUSTS, OR OTHER ENTITIES ONLY:  If the Investor is a partnership, corporation, trust, or other entity, (i),  the Investor represents and warrants that it was not organized or reorganized for the specific purpose of acquiring the Shares, (ii) the Investor has the full power and authority to execute this Agreement on behalf of such entity and to make the representations and warranties made herein on its behalf, and (iii) this investment in the Company has been affirmatively authorized, if required, by the governing board of such entity and is not prohibited by the governing documents of the entity.

  

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k. The address shown under the Investor's signature at the end of this Agreement is the Investor's principal residence if he or she is an individual, or its principal business address if a corporation or other entity.

l. Each Investor has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Shares.

m. Each Investor expressly acknowledges and agrees that the Company is relying upon the Investor's representations contained in the Offering Documents.

n. Each Investor acknowledges that the Investor understands the meaning and legal consequences of the representations and warranties which are contained in the Offering Documents and hereby agrees to indemnify, save and hold harmless the Company and its officers, directors and counsel, from and against any and all claims or actions arising out of a breach of any representation, warranty or acknowledgment of the Investor contained in any of the Offering Documents.  Such indemnification shall be deemed to include not only the specific liabilities or obligations with respect to which such indemnity is provided, but also all reasonable costs, expenses, counsel fees and expenses of settlement relating thereto, whether or not any such liability or obligation shall have been reduced to judgment.  In addition, the Investor's representations, warranties, and indemnification contained herein shall survive the Investor's sale of the Shares hereunder.  Each Investor specifically acknowledges that he has reviewed the Offering Documents, as well as the financial statements included in the Exchange Filings.

5. Except as otherwise specifically provided for hereunder, no party shall be deemed to have waived any of his, her, or its rights hereunder or under any other agreement, instrument, or papers signed by any of them with respect to the subject matter hereof unless such waiver is in writing and signed by the party waiving said right.  Except as otherwise specifically provided for hereunder, no delay or omission by any party in exercising any right with respect to the subject matter hereof shall operate as a waiver of such right or of any such other right.  A waiver on any one occasion with respect to the subject matter hereof shall not be construed as a bar to, or waiver of, any right or remedy on any future occasion.  All rights and remedies with respect to the subject matter hereof, whether evidenced hereby or by any other agreement, instrument, or paper, will be cumulative, and may be exercised separately or concurrently.

6. The parties have not made any representations or warranties with respect to the subject matter hereof not set forth herein, and this Agreement, together with any instruments executed simultaneously herewith, constitutes the entire agreement between them with respect to the subject matter hereof.  All understandings and agreements heretofore existing between the parties with respect to the subject matter hereof are merged in this Agreement and any such instrument, which alone fully and completely express their agreement.

7. This Agreement may not be changed, modified, extended, terminated, or discharged orally, but only by an agreement in writing, which is signed by the Company and the Investor.

  

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8. The parties agree to execute any and all such other and further instruments and documents, and to take any and all such further actions reasonably required to effectuate this Agreement and the intent and purposes hereof.

9. If any provision or any portion of any provision of this Agreement or the application of any such provision or any portion thereof to any person or circumstance, shall be held invalid or unenforceable, the remaining portion of such provision and the remaining portion of such provision as is held invalid or unenforceable to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby.

10. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada and the Investor hereby consents to the jurisdiction of the courts of the State of Nevada.

[Remainder of page intentionally left blank.]

  

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ALL SUBSCRIBERS MUST COMPLETE A COPY OF THIS PAGE

________________________

(Print Name of Subscriber)

IN WITNESS WHEREOF, the Investor has executed this Agreement on this ____ day of ________, 2010.

	
Number of Shares:

	
Purchase Price Per Share: $0.01

	
Aggregate Common Stock Subscription Amount: $

Please indicate the form of ownership that you desire your Shares to be registered in.

1.           |__|           Individual

2.           |__|           Joint Tenants with Right of Survivorship

3.           |__|           Community Property

4.           |__|           Tenants in Common

5.           |__|           Corporation/Partnership

6.           |__|           IRA of________________

7.           |__|           Trust, Date Opened ___________

8.           |__|           As A Custodian For________________ Under the Uniform Transfer to Minors Act of the State of ___________

9.           |__|           Married with Separate Property

10.         __|           Keogh  Plan ____________

[Remainder of page intentionally left blank.]

  

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EXECUTION BY SUBSCRIBER WHO IS A NATURAL PERSON

	  
	
Exact Name in Which Title is to be Held

 

	  
	
(Signature)

 

	  
	
Name (Please Print)

 

	  
	
Title of Person Executing Agreement

 

	  
	
Address:  Number and Street

 

	  
	
City, State, Zip Code

 

	  
	
Social Security Number

 

 

Accepted this ___ day of _______, 2010, on behalf of FuLuCai Productions Ltd.

 

By: _____________________________

Name:

Title:

 

  

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EXECUTION BY SUBSCRIBER WHICH IS A CORPORATION, PARTNER, TRUST, ETC.

 

	  
	
Exact Name in Which Title is to be Held

 

	  
	
(Signature)

 

	  
	
Name (Please Print)

 

	  
	
Title of Person Executing Agreement

 

	  
	
Address:  Number and Street

 

	  
	
City, State, Zip Code

 

	  
	
Tax Identification Number

 

Accepted this ___ day of _______, 2010 on behalf of FuLuCai Productions Ltd.

By: ________________________

      Name:

      Title:

	
  

	 

  

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CONFIDENTIAL PROSPECTIVE PURCHASER QUESTIONNAIRE

THIS QUESTIONNAIRE IS TO BE COMPLETED BY EACH PERSON WHO DESIRES TO PURCHASE COMMON STOCK OF FULUCAI PRODUCTIONS LTD. (THE” COMPANY”).  THIS MATERIAL DOES NOT CONSTITUTE AN OFFER TO SELL NOR IS IT A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. THE TERMS OF THE OFFERING WILL BE MADE SOLELY PURSUANT TO SUBSCRIPTION AGREEMENT AND REGISTRATION STATEMENT PROVIDED HEREWITH WHICH CONTAINS MATERIAL INFORMATION TO BE REVIEWED IN CONNECTION WITH ANY INVESTMENT DECISION.

ACCREDITED INVESTOR STATUS

Please check whether one or more of the following definitions of "Accredited Investor," if any, applies to you.  If none of the following applies to you, please leave a blank.  Please sign in the indicated space below and indicate the amount of your investment and put you initials after the amount.

	
         (a)

	
A Bank as defined in Section 3(a)(2) of the Securities Act of 1933, as amended (the "1933 Act"), or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the 1933 Act whether acting in its individual or fiduciary capacity; any broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); an insurance company as defined in Section 2(13) of the 1933 Act; an investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that act; a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; any plan established and maintained by a state, or its political subdivisions, or any agency or instrumentality of a state or its political subdivisions for the benefit of its employees, if such plan has total assets in excess of $5,000,000; any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment advisor, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are Accredited Investors.

	
         (b)

	
A Private Business Development Company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940.

	
         (c)

	
An organization described in Section 501(c)(3) of the Internal Revenue Code or corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000.

	
         (d)

	
A natural person whose individual net worth, or joint net worth with that person's spouse, at the time of purchase exceeds $1,000,000.

	
         (e)

	
A natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.

	
         (f)

	
Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the common stock, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D.

	
        (g)

	
Any entity in which all of the equity owners are Accredited Investors.

	  	
$

	  	  	  
	
Investor’s Signature

	  	
Amount of Investment

	  	
Initials

	  	  	  	  	  
	  	  	  	  	  
	
(Please insert name in which Securities will be held; if held by a corporation, please sign below)

	  	  	  	  	  
	
Corporate Purchaser

	  	  	  	  
	
By:

	  	  	  	  
	  	  	
Name/Title

	  	  
	  	  	  	  	  

                      

  

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