<PAGE>
SUPPLEMENTAL AGREEMENT
THIS SUPPLEMENTAL AGREEMENT ("Agreement") is made and entered into as of February 23, 2006 by and between SOVRAN ACQUISITION LIMITED PARTNERSHIP, 0000 Xxxx Xxxxxx, Xxxxxxx, Xxx Xxxx 00000 ("Purchaser") and WASHINGTON STREET, LP, XXXXX XXXXX, LP, MANCHESTER MINI, LP, XXXXXXXXXXX MINI, LP, ST XXXXXXX XXXX ROAD, LP, MCSTORAGE MINI, LP, MINI OLD KATY, LP, MILL HAVEN MINI, LP, HOWDERSHELL MINI, LP, XXXXX INVESTORS, LLC, GENERAL DEGAULLE, LP, PINELLAS LLC, MINI/USA VENTURES I, LP, LITTLE ROAD, LP, BROADWAY SELF STORAGE, LLC, SUNSET HOLDINGS, LLC, LITTLE ROAD II, LP, RIVERBEND ENTERPRISES, LTD., XXXXXX ROAD, LP, 75 & GOLDMARK, LLC, CORNERSTONE MANANA, LP, 0000 Xxxxxxx Xxxx Xxxx, Xxxxx 000, Xxxxxx, Xxxxx 00000 (each a "Company" and collectively the "Companies" or "Seller").
RECITALS
WHEREAS, Seller and Purchaser entered into a purchase agreement dated as of February 7, 2006 ("Purchase Agreement") pertaining to the properties identified in attached Exhibit A; and
WHEREAS, Seller and Purchaser desire to supplement the Purchase Agreement so as to complete Exhibit A and Schedule 2.3(g) of the Purchase Agreement, and to identify the list of Personal Property to be attached to the Xxxx of Sale as Schedule B thereto.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchase hereby agree as follows:
1. Exhibit A attached hereto shall be deemed to be a part of, and is hereby incorporated in, the Purchase Agreement as Exhibit A thereto. Each Site comprising the Property is identified in attached Exhibit A. The Purchase Price shall be allocated as set forth in attached Exhibit A.
2. Schedule B attached hereto shall be deemed to be a part of, and is hereby incorporated in, the Purchase Agreement as Schedule B to the Xxxx of Sale, which Xxxx of Sale is attached to the Purchase Agreement as Exhibit B. Schedule B is a list of Personal Property to be transferred to Purchaser at Closing.
3. Schedule 2.3(g) attached hereto shall be deemed to be a part of, and is hereby incorporated in, the Purchase Agreement as Schedule 2.3(g) thereto.
- 1 -
<PAGE>
4. This Agreement may be signed in counterparts, and by facsimile signatures, which facsimile counterparts shall be deemed originals for all purposes, and which together shall be deemed one agreement.
5. Capitalized terms herein shall have the same meaning as those set forth in the Purchase Agreement.
6. The Purchase Agreement, as hereby supplemented, remains in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates indicated below:
| |
SOVRAN ACQUISITION LIMITED PARTNERSHIP
By: SOVRAN HOLDINGS, INC., its general partner
By:____________________________ ________
Xxxx X. Xxxxxx Date
Sr. Vice President |
| |
|
| |
WASHINGTON STREET, LP
By: WASHINGTON STREET GP, INC.,
its sole general partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
|
| |
XXXXX FERRY, LP
By: MINI/USA EQUITIES, INC., its sole general
partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
- 2 -
<PAGE>
| |
MANCHESTER MINI, LP
By: MANCHESTER MINI GP, INC.,
its sole general partner
By:____________________________ _________
Xxxx X. Xxxx Date
President |
| |
|
| |
XXXXXXXXXXX MINI, LP
By: XXXXXXXXXXX MINI GP, INC.,
its sole general partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
|
| |
ST XXXXXXX XXXX ROAD, LP
By: MINI/USA EQUITIES, INC., its sole general
partner
By:____________________________ _________
Xxxx X. Xxxx Date
President |
| |
|
| |
MCSTORAGE MINI, LP
By: MCSTORAGE MINI GP, INC., its sole general
partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
- 3 -
<PAGE>
| |
MINI OLD KATY, LP
By: MINI OLD KATY GP, INC., its sole general
partner
By:____________________________ _________
Xxxx X. Xxxx Date
President |
| |
|
| |
MILL HAVEN MINI, LP
By: MILL HAVEN MINI GP, INC., its sole general
partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
|
| |
HOWDERSHELL MINI, LP
By: CORNERSTONE STORAGE EQUITIES, INC.
its sole general partner
By:____________________________ _________
Xxxx X. Xxxx Date
President |
| |
|
| |
XXXXX INVESTORS, LLC
By: FARMINGTON SQUARE, INC.,
its sole member
By:____________________________ ________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, President |
| |
- 4 -
<PAGE>
| |
GENERAL DEGAULLE, LP
By: GENERAL DEGAULLE GP, INC.,
its sole general partner
By:____________________________ _________
Xxxx X. Xxxx Date
President |
| |
|
| |
PINELLAS LLC
By: XXXXXXXX INVESTMENTS, LP, member
By:___________________________ ________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, general partner
By: XXXXXXXX PROPERTIES, LP, member
By:___________________________ ________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, manager
By: TGF TRUST, member
By:____________________________ ________
Xxxx X. Xxxx Date
Trustee |
| |
|
| |
MINI/USA VENTURES I , LP
By: MINI/USA DEVELOPMENT, LP,
its sole general partner
By: MINI/USA VENTURES, INC.
By:____________________________ _________
Xxxx X. Xxxx Date
President |
| |
- 5 -
<PAGE>
| |
LITTLE ROAD, LP
By: LITTLE ROAD GP, INC., its sole general partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
|
| |
BROADWAY SELF STORAGE, LLC
By:____________________________ _________
Xxxx X. Xxxx, member Date
By: TGF TRUST, member
By:____________________________ _________
Xxxx X. Xxxx Date
Trustee
By: XXXXXXXX INVESTMENTS, LP, member
By:____________________________ _________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, general partner |
| |
|
| |
SUNSET HOLDINGS, LLC
By:____________________________ _________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, member
By: LIES INVESTMENTS, LP, member
By:____________________________ _________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxxxx Lies, general partner
By: XXXXXXXX INVESTEMENTS, LP, member
By:____________________________ _________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, general partner |
- 6 -
<PAGE>
| |
LITTLE ROAD II, LP
By: LITTLE ROAD II GP, INC., its sole general partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
|
| |
RIVERBEND ENTERPRISES, LTD.
By: VL LIMITED, INC., its sole general partner
By:____________________________ _________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, President |
| |
|
| |
XXXXXX ROAD, LP
By: CORNERSTONE EQUITIES, INC., its sole
general partner
By:____________________________ ________
Xxxx X. Xxxx Date
President
75 & GOLDMARK, LLC
By: XXXXXXXX INVESTMENTS, LP, member
By:____________________________ _________
Xxxx X. Xxxx Date
By Power of Attorney, as attorney-in-fact for
Xxxxx X. Xxxxxxxx, general partner
By: TGF TRUST, member
By:____________________________ _________
Xxxx X. Xxxx Date
Trustee |
- 7 -
<PAGE>
| |
CORNERSTONE MANANA, LP
By: CORNERSTONE MANANA GP, INC.,
its general partner
By:____________________________ ________
Xxxx X. Xxxx Date
President |
| |
|
|
Escrow Agent:
CHICAGO TITLE INSURANCE COMPANY
By:___________________________ __________
Name: Date
Title: |
- 8 -
