Section

Page

1.

CERTAIN DEFINITIONS

1

2.

SALE OF PROPERTY

6

3.

PURCHASE PRICE

6

3.1.

Deposit Money

6

3.2.

Reduction of Purchase Price for Excluded Parcels

7

3.3.

Cash at Closing

7

3.4.

Prepayment Charges

7

3.5.

Management Agreement

7

4.

TITLE MATTERS

7

4.1.

Title and Survey Defects

4.2.

Title Insurance

9

5.

BUYERS DUE DILIGENCE/CONDITION OF THE PROPERTY

9

5.1.

Buyers Inspections and Due Diligence

9

5.2.

Termination of Agreement During Due Diligence Period

9

5.3.

Property Sold As Is

10

5.4.

Buyers Certificate

10

5.5.

Survival

11

6.

EXCLUDED PARCELS; PREPAYMENT RESTRICTED PARCELS

11

6.1.

Exclusion of Parcels for Environmental Reasons

11

6.2.

Exclusion of Parcels for ROFO Rights

11

6.3.

Exclusion of Parcels by Reason of Condemnation or Casualty

12

6.4.

Exclusion of Parcels by Reason of Failure of Tenant Estoppel Condition

12

6.5.

Exclusion of Parcels by Reason of Inaccuracy in Representation or Warranty

12

6.6.

Prepayment Restricted Parcels

12

6.7.

Exclusion of Parcels by Reason of Failure to Cure Required Title Clearance Exceptions and Commercially Reasonable Title Objections

13

6.8.

Exclusion of Parcels for Deferred Maintenance

13

6.9.

TIC Consent Excluded Parcels

14

6.10.

Ground Lease Parcels

14

6.11.

Exclusion of Parcels for Slippage

14

6.12.

Maximum Excluded Parcels

15

7.

ADJUSTMENTS AND PRORATIONS

15

7.1.

Lease Rentals and Other Revenues

15

7.2.

Intentionally Omitted

16

7.3.

Real Estate Taxes

16

7.4.

Other Property Operating Expenses

17

7.5.

Closing Costs

18

7.6.

Cash Security Deposits

18

7.7.

Apportionment Credit

18

7.8.

Assumed Mortgages

18

7.9.

Ground Lease

19

7.10.

Delayed Adjustment; Delivery of Operating and Other Financial Statements

19

8.

CLOSING

19

8.1.

Closing Date

19

8.2.

Title Transfer and Payment of Purchase Price

20

8.3.

Sellers Closing Deliveries

20

8.4.

Buyers Closing Deliveries

21

9.

CONDITIONS TO CLOSING

22

9.1.

Conditions to Sellers Obligations

22

9.2.

Conditions to Buyers Obligations

23

9.3.

Waiver of Failure of Conditions Precedent

23

9.4.

Approvals not a Condition to Buyers Performance

24

10.

REPRESENTATIONS AND WARRANTIES

24

10.1.

Buyers Representations

24

10.2.

Sellers Representations

24

10.3.

General Provisions

26

11.

COVENANTS

28

11.1.

Buyers Covenants

28

11.2.

Sellers Covenants

28

11.3.