0001193125-12-461854 Sample Contracts

FIFTH AMENDMENT TO RESTRICTED SHARE AGREEMENT
Restricted Share Agreement • November 9th, 2012 • Paragon Real Estate Equity & Investment Trust • Real estate investment trusts • Ohio

THIS FIFTH AMENDMENT TO RESTRICTED SHARE AGREEMENT (this “Amendment”) is entered into by and between Paragon Real Estate Equity and Investment Trust, a Maryland real estate investment trust (the “Trust”), and (the “Trustee”), as of September 28, 2012 (the “Effective Date”).

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FIFTH AMENDMENT TO STOCK SUBSCRIPTION AGREEMENT
Stock Subscription Agreement • November 9th, 2012 • Paragon Real Estate Equity & Investment Trust • Real estate investment trusts • Ohio

THIS FIFTH AMENDMENT TO STOCK SUBSCRIPTION AGREEMENT (this “Amendment”) is entered into by and between James C. Mastandrea (the “Employee”) and Paragon Real Estate Equity and Investment Trust, a Maryland trust (the “Company”), as of September 28, 2012 (the “Effective Date”).

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