0001102946-16-000035 Sample Contracts

OFFER TO PURCHASE FOR CASH 4,000,000 SHARES OF COMMON STOCK OF HIGHLANDS REIT, INC. AT $0.10 PER SHARE by: MPF NORTHSTAR FUND, LP, MPF NORTHSTAR FUND 2, LP, MACKENZIE NORTHSTAR FUND 3, LP, AND COASTAL REALTY BUSINESS TRUST (collectively the "Purchasers")
Offer to Purchase • August 22nd, 2016 • Mackenzie Capital Management, Lp

THE OFFER, WITHDRAWAL RIGHTS, AND PRORATION PERIOD WILL EXPIRE AT 11:59 P.M., PACIFIC TIME, ON SEPTEMBER 23, 2016, UNLESS THE OFFER IS EXTENDED.

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