Mission West Properties, L.P., Mission West Properties, L.P. I, Mission West Properties, L.P. II, and Mission
West Properties, L.P. III (collectively referred to herein as “Mission”)
the principal sum of Thirty Nine Million Two Hundred Eighty Seven Thousand Eight Hundred Eighty Five Dollars
and 27 Cents ($39,287,885.27),
plus interest at the rate of 30 day LIBOR plus 1.75 percent per annum (compounded on the basis of a 366-day
year) beginning on the 8 th day of July, 2010.
Should interest not so be paid, it shall thereafter bear like interest as the principal, but such unpaid interest so
compounded shall not exceed an amount equal to simple interest on the unpaid principal at the maximum rate
permitted by law. Should default be made in the payment of any installment of interest when due, the whole sum
of principal and interest shall become immediately due and payable at the option of the holder of this
note. Should suit be commenced or an attorney employed to enforce the payment of this note, we agree to pay
such additional sum as the court may adjudge as reasonable attorney’s fees in said suit. Principal and interest are
payable in lawful money of the United States.
Principal and interest are payable in lawful money of the United States no later than September 30,
2010. Notwithstanding the above, Mission shall use its best efforts to repay the loan as soon as possible using all
available sources of cash, including but not limited to cash generated from operations and cash available from any
other financing sources.
July 8, 2010
promises to pay
The Berg Group
Signed By: /s/ Raymond V. Marino
Raymond V. Marino, Pres. &
Mission West Properties, Inc.
Its General Partner
Acknowledged:/s/ Carl E. Berg
Carl E. Berg