PROPERTY CONTRIBUTION AGREEMENT AND JOINT ESCROW INSTRUCTIONSProperty Contribution Agreement • September 12th, 2011 • Netreit, Inc. • Real estate investment trusts • California
TABLE OF CONTENTS Page 1. Formation of the Partnership 3 2. Capitalization of the Partnership 3 2.1 Contribution of the Property by LGI De 3 2.1.1 Net Value of the Property 3 2.1.2 Express Exclusions from "Property" 3 2.2 NetREIT's Capital Contributions 3 2.2.1 NetREIT's Contribution to Preferred Stock 4 2.2.2 NetREIT's Contribution of Cash 4 2.2.3 NetREIT's Deposit of Cash 4 2.2.4 Closing Cash Payment 4 2.3 Illustration of Capitalization Intent 5 2.4 The Partnership Agreement and Related Agreements 5 2.4.1 Conversion Rights Agreement 5 2.4.2 NetREIT's Call Option 5 3. Limitations on Benefits 5 4. Conditions to Parties' Obligations 6 4.1 NetREIT's Pre-Closing Conditions 6 4.1.1 Title 6 4.1.2 Physical Inspections 7 4.1.3 Plans, Permits, Reports and Related Information 8 4.1.4 Existing Environmental Reports 9 4.1.5 Governmental Authority and Other Inquiries 9 4.1.6 Contracts 9 4.1.7 Natural Hazard Disclosure 9 4.1.8 Leases and Financial Information 10 4.1.9 Financing Contingency 10 4.1.1
