Strategic Realty Trust, Inc. – LIMITED LIABILITY COMPANY AGREEMENT OF SGO RETAIL ACQUISITIONS VENTURE, LLC Dated as of March 9, 2015 (May 14th, 2015)
This LIMITED LIABILITY COMPANY AGREEMENT (as may be amended, modified, supplemented or restated from time to time, this "Agreement") of SGO RETAIL ACQUISITIONS VENTURE, LLC, a Delaware limited liability company, is made and entered into as of March 9, 2015 (the "Effective Date"), by and between GROCERY RETAIL GRAND AVENUE PARTNERS, LLC, a Delaware limited liability company ("GAP"), GLB SGO, LLC, a Delaware limited liability company ("Operating Member") and SRT SGO, LLC a Delaware limited liability company ("SRT").
Strategic Realty Trust, Inc. – May 20, 2013 Dee Balch Chief Financial Officer TNP Strategic Retail Trust, Inc. 4695 MacArthur Court, Ste. 1100 Newport Beach, CA 92660 RE: Accounting Transition; Terms of Separation Dear Ms. Balch: (May 23rd, 2013)
The recent decision by TNP Strategic Retail Trust, Inc. (the "REIT") to transition its accounting functions and duties to Glenborough LLC will result in changes in the required staffing levels at the REIT. Based on discussions that have taken place between you and the Board of Directors, the parties have concluded that this will affect your continued employment with the REIT. We believe, however, that you are vital to the successful transition of certain job functions (the "Transition"), as outlined in more detail below. In consideration of your staying with the REIT as its Chief Financial Officer (or an alternative position designated by the REIT) until the earlier to occur of (i) August 15, 2013, or (ii) the filing of the REIT's second quarter 2013 10Q with the SEC (your "Employment Termination Date"), we offer you severance and incentive pay as outlined below.