1. General Terms. Sylvan Realty, LLC, a Georgia Limited Liability Company (“SRE”), represents Owner as Owner's exclusive agent or broker for the potential sale of the Portfolio. This Confidentiality and Conditions of Offering Agreement (the "Agreement") will confirm the mutual understandings of Potential Investor, SRE, and Owner in connection with the disclosure and review of any and all information regarding the Owner or the Portfolio that is provided to Potential Investor or any Related Party (as defined below) by Owner, SRE or any representative of Owner or SRE, including, but not limited to, any offering memorandum, documents, data, financial statements, reports, forecasts, projections, surveys, diagrams, records, engineering reports, and other documents, electronic transmittals or conversations concerning the Portfolio or the Owner (the "Offering Materials") . Owner and/or SRE may make the Offering Materials available in written, electronic, or verbal form to the Potential Investor following SRE's receipt of this Agreement, duly executed by Potential Investor. The Offering Materials shall not include information that (i) is or becomes generally available to the public, (ii) was in the possession of the undersigned or any Related Party prior to the date of the Agreement (and is not subject to any pre-existing confidentiality agreement in favor of Owner, any affiliate thereof, and/or SRE), (iii) was obtained by the undersigned or any Related Party from a third party who, to the knowledge of the undersigned and the Related Parties, is not subject to any confidentiality agreement regarding such information, or (iv) is independently developed by the undersigned or any Related Party without reliance on the Offering Materials. The terms of the Agreement follow. 2. Ownership. Use and Return of Offering Materials. The Offering Materials shall continue to be the property of the Owner and SRE. The Offering Materials will be used by the Potential Investor solely for the purpose of evaluating the possible acquisition of the Portfolio and not for any purpose unrelated to the possible acquisition of the Portfolio. The Offering Materials may not be copied or duplicated without the Owner's and SRE's prior written consent, and must be returned to SRE (or with SRE's permission, destroyed by Potential Investor and any Related Party, and in such instance Potential Investor shall certify in writing to SRE and Owner that such information has been so destroyed) immediately upon request or when the Potential Investor declines to make an offer for the Portfolio or terminates any discussions or negotiations with respect to the Portfolio.  3. Confidentiality and Disclosure of Offering Materials by Potential Investor. Potential Investor acknowledges on behalf of itself and any and all Related Parties that the Offering Materials are considered confidential and proprietary information of Owner and/or SRE, and Potential Investor will not make (or cause or permit any Related Party to make) any Offering Materials available, or disclose any of the contents thereof, to any person without Owner's or SRE's prior written consent; provided, however, that the Offering Materials may be disclosed to the Potential Investor's partners , employees, legal counsel, advisors, institutional lenders and other capital sources (collectively the "Related Parties") as reasonably required for an evaluation of the Portfolio. Such Related Parties shall be informed by Potential Investor of the confidential nature of the Offering Materials and the terms of this Agreement and shall be directed by Potential Investor to keep the Offering Materials and related information strictly confidential in accordance with this Agreement and to otherwise abide by the terms of this Agreement as if such party was the Potential Investor hereunder. In the event any Related Party shall take or omit to take any action which if taken or omitted to be taken by Potential Investor would constitute a breach of or a default under the terms hereof, the such act or omission by such Related Party shall be deemed to be a breach of the terms hereof by Potential Investor. 4. Potential Investor as Principal and Other Brokers or Agents. Potential Investor is a principal and not an agent of or acting on behalf of any other party in connection with the purchase of the Portfolio. Potential Investor will not look to SRE or to Owner for any brokerage commission, finder 's fee, or other compensation in connection with the sale of the Portfolio or any interest therein. Potential Investor acknowledges that it has not had any discussion regarding the Portfolio with any broker or agent. Potential Investor shall indemnify and hold Owner and SRE and their respective officers, directors, shareholders, partners , members, employees, agents and representatives and any affiliate, successor or assign thereof (collectively, the "Owner / SRE Related Parties"), harmless from and against any and all claims, causes of action, damages, suits, demands, liabilities, fines, fees, costs and expenses (including, but not limited to, court costs and attorney's fees) of any kind, nature or character relating to the Portfolio by any agents or (other than SRE) resulting from (i) any failure by Potential Investor or any Related Party to disclose any relationship Potential Investor may have with respect to any broker or other intermediary, (ii) any failure by Potential Investor to pay any amounts claimed by any broker or other intermediary other than SRE, in connection with the marketing or sale of the Portfolio and (iii) any breach or default hereunder by Potential Investor and/or any deemed breach or default hereunder by any Related Party. 5. No Representations as to Offering Materials or Condition of Portfolio. Potential Investor understands and acknowledges that neither Owner, SRE nor any Owner/SRE Related Party makes any representation or warranty as to the accuracy or completeness of the Offering Materials or the condition of the Portfolio in any manner. The Potential Investor further understands and acknowledges that the information used in the preparation of the Offering Materials was furnished by Owner and has not been independently verified by SRE and is not guaranteed as to completeness or accuracy. Potential Investor agrees that neither Owner, SRE, nor any Owner/SRE Related Party shall have any liability for any reason to the Potential Investor or any of its representatives or Related Parties resulting from the use of the Offering Materials by any person in connection with the sale of, or other investments by Potential Investor in the Portfolio whether or not consummated for any reason. Neither Owner, SRE nor any Owner/SRE Related Party is under any obligation to notify or provide any further information to Potential Investor or any Related Party if either Owner or SRE becomes aware of any inaccuracy, incompleteness or change in the Offering Materials. The undersigned acknowledges that neither Owner, SRE nor any Owner/SRE Related Party, has made any representation or warranty as to the accuracy or completeness of the Offering Materials, or the suitability of the information contained therein for any purpose whatever, and any representation or warranty in connection therewith is hereby expressly excluded. The Offering Materials provided to the undersigned are subject to, among other things, correction of errors and omissions, additions or deletion of terms, and withdrawal upon notice. The undersigned agrees that neither Owner, SRE, nor any Owner/SRE Related Party shall have any liability to Potential Investor and/or any Related Party resulting from the delivery to, or use by, the undersigned of the Offering Materials or otherwise with respect thereto. Potential Investor and Related Parties shall rely only their own due diligence and investigation of the Portfolio, including but not limited to any financial, title, environmental, physical, tenant or any other matters. 6. Withdrawal of Portfolio from Market or Termination of Discussions. Potential Investor acknowledges that the Portfolio has been offered for sale subject to withdrawal of the Portfolio from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever. 7. Term of Agreement. The terms and conditions of this Agreement shall remain in full force and effect for a period of two years from the date hereof. 8. Remedies. In the event that Potential Investor and/or any Related Party fails to comply with the terms and conditions of this Agreement, Potential Investor and such Related Party may be liable to Owner and/or SRE for such breach, Owner and SRE shall each be entitled to exercise any right, power, or remedy available at law or in equity for such breach. Without prejudice to any other rights or remedies that Owner and/or SRE may have with respect to any breach by Potential Investor and/or any Related Party, Potential Investor on behalf of its and any Related Party, hereby acknowledges and agrees that (a) damages would not be an adequate remedy for any breach of the terms of this Agreement by Potential Investor and/or any Related Party, (b) it is not aware of and will not seek to advance any reason why Owner and/or SRE should not be entitled to the remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of the terms of this Agreement by Potential Investor and/or any Related Party and (c) no proof of special damages shall be necessary for the enforcement of the terms of this Agreement. 9. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the state of Georgia without reference to its conflicts of law provisions. The Parties acknowledge and agree that any lawsuit regarding a dispute arising under or related to this Agreement shall be filed with, maintained in and subject to the exclusive jurisdiction of the appropriate court in the State of Georgia. 10. Access to Portfolio. Portfolio's Management. Portfolio Lender. and Portfolio Tenants. Potential Investor agrees to not seek to gain access to any non-public areas of the Portfolio or communicate with Portfolio's management employees, the holder of any financing encumbering the Portfolio, the Portfolio's tenants, and the Owner's partners in the ownership of the Portfolio, without the prior written consent of Owner or SRE, which consent may be withheld in the Owner's sole discretion. 11. Entire Agreement. Waiver or Modification. This Agreement contains the entire understanding between the parties with respect to the subject matter hereof, and may not be altered, varied, revised or amended, except by an instrument in writing signed by the parties subsequent to the date of this Agreement. The parties have not made any other agreement or representation with respect to such matter.