UNIT RECAPITALIZATION, EXCHANGE AND LOCKUP AGREEMENTRecapitalization, Exchange and Lockup Agreement • April 10th, 2020 • Nordhagen Arlen Dale • Real estate investment trusts • New York
This Unit Recapitalization, Exchange and Lockup Agreement (this "Agreement") is made and entered into as of March 30, 2020, by and among NSA OP, LP, a Delaware limited partnership ("NSA OP"), NSA BV DR, LLC, a Delaware limited liability company ("NSA BV"), SecurCare American Portfolio, LLC, a Delaware limited liability company ("SAP"), Arlen D. Nordhagen, an individual ("Nordhagen") and Wendy P. Nordhagen, an individual. Capitalized terms used, but not otherwise defined herein, shall have the respective meanings ascribed thereto in the Second Amended and Restated Limited Liability Company Agreement of SAP dated October 1, 2015 (as amended, the "SAP LLCA").
