ARTICLE I

THE OFFER

Section 1.1

The Offer

Section 1.2

Company Actions

Section 1.3

Shareholder Lists

Section 1.4

Trustees; Section 14(f)

Section 1.5

Adjustment to Offer Price

ARTICLE II

THE MERGER

Section 2.1

The Merger

Section 2.2

Effective Time of the Merger

Section 2.3

Closing

Section 2.4

Declaration of Trust; Bylaws

Section 2.5

Trustees and Officers

ARTICLE III

EFFECT OF THE MERGER ON THE OWNERSHIP INTERESTS OF THE CONSTITUENT ENTITIES; SURRENDER OF CERTIFICATES

Section 3.1

Conversion of Company Shares in the Merger

Section 3.2

Surrender and Exchange of Certificates

Section 3.3

Tax Withholding

Section 3.4

Closing of the Companys Transfer Books

Section 3.5

Lost, Stolen or Destroyed Company Certificates

Section 3.6

No Liability

Section 3.7

Transferred Company Certificates

Section 3.8

Restricted Shares

Section 3.9

Dissenting Shares

Section 3.10

Further Assurances

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

Section 4.1

Organization; Qualification

Section 4.2

Capitalization

Section 4.3

Authority

Section 4.4

Consents and Approvals; No Violations

Section 4.5

SEC Reports and Financial Statements

Section 4.6

Absence of Certain Changes or Events

Section 4.7

Litigation

Section 4.8

Information Supplied

Section 4.9

Compliance with Applicable Law

Section 4.10

Contracts

Section 4.11

Tax Matters

Section 4.12

Benefit Plans; Employees and Employment Practices

Section 4.13

Real Property

Section 4.14

Environmental

Section 4.15

Intellectual Property

Section 4.16

Insurance

Section 4.17

Transactions with Affiliates

Section 4.18

Assets and Receivables.

Section 4.19

Securitizations

Section 4.20

Books and Records.

Section 4.21

State Takeover Statutes; Ownership Limitation

Section 4.22

Opinion of Financial Advisor

Section 4.23

Brokers

ARTICLE V

REPRESENTATIONS AND WARRANTIES OF PARENT AND SUBSIDIARY

Section 5.1

Organization; Qualification

Section 5.2

Authority

Section 5.3

Consents and Approvals; No Violations

Section 5.4

Information Supplied

Section 5.5

Source of Funds

Section 5.6

Subsidiary

Section 5.7

Brokers

ARTICLE VI

COVENANTS OF THE PARTIES

Section 6.1

Conduct of the Companys Business

Section 6.2

No Solicitation

Section 6.3

Access to Information

Section 6.4

Notice Obligations

Section 6.5

Commercially Reasonable Efforts

Section 6.6

Indemnification; Insurance

Section 6.7

Publicity

Section 6.8

Employee Benefits.

Section 6.9

Recommendation of the Companys Board of Trustees; Shareholder Approval; Preparation of Proxy Statement

Section 6.10

Litigation

Section 6.11

Takeover Statute; Ownership Limitation

Section 6.12

FIRPTA Certification

Section 6.13

Officers Certificate

Section 6.14

Protective TRS Election.

ARTICLE VII

CONDITIONS

Section 7.1

Conditions to Each Partys Obligation to Effect the Merger

ARTICLE VIII

TERMINATION, AMENDMENT AND WAIVER

Section 8.1

Termination

Section 8.2

Effect of Termination

Section 8.3

Fees and Expenses

ARTICLE IX

GENERAL PROVISIONS

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