Confidentiality and Disclaimer Locke Acquisition Group, LLC (“Locke Group”) has been retained by Sovran Acquisition Limited Partners (“SALP”) to advise SALP in connection with the offering of self storage facilities located at 305 Hammond Street, Salisbury, Maryland 21804 (“Property”). Recipient acknowledges and agrees that certain confidential information that has been or may be disclosed in the future is intended solely for your own limited use in considering whether to pursue negotiations to acquire the Property. “Confidential Information”, as used herein, means (i) the existence of this Agreement, (ii) the possible sale of the Property and (iii) all information pertaining to the SALP, the Property or the Transaction that is furnished or otherwise becomes known to Recipient or any of its affiliates or members. Confidential Information does not include information that is, as of the date hereof, generally available to the public other than as a result of disclosure by a person obligated to maintain the confidentiality of such information. Neither SALP, Locke Group, nor any of their officers, employees or agents make representation or warranty, express or implied, as to the accuracy or completeness of this confidential Information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable but SALP and Locke Group does not warrant or represent that the information is true or correct. Recipient is advised to verify the information independently. SALP and/or Locke Group reserve the right to change the price, or any information provided or to withdraw the Property from the market at any time without notice. Recipient agrees that the information provided is confidential, that you will hold and treat it in the strictest of confidence, that you will not, directly or indirectly, disclose or permit anyone else to disclose this information to any other person, firm or entity without prior written authorization of SALP or Locke Group and that you will not use or permit to be used, this information in any fashion or manner detrimental to the interest of the SALP or Locke group. Photocopying or other duplication is strictly prohibited. Recipient agrees not to contact the staff of the Property in connection with recipient’s review of the Confidential Information. While SALP and/or Locke Group may discuss the purchase and sale of the Property with Recipient, either SALP or Locke Group, in our sole and absolute discretion, may terminate discussions at any time and for any reason. Recipient acknowledges that SALP has no obligation to agree to the sale of the Property. The discussions may be lengthy and complex, notwithstanding that we may reach one or more oral understandings or agreements on one or more issues we are discussing, neither of us shall be bound by any oral agreement of any kind and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either the SALP, Locke Group except to the extent expressly set out in a written agreement signed by the SALP or Locke Group. Recipient acknowledges and agrees that the SALP may discuss transactions which may be mutually exclusive with the Transaction with any other person or entity, and that Confidential Information may also be disclosed by the SALP to any other person or entity. Recipient acknowledges and agrees that money damages will not be a sufficient remedy for any breach of this Agreement by Recipient and that the SALP, in addition to all other remedies available at law or equity, shall be entitled to specific performance and injunctive or other equitable relief as a remedy for any such breach and Recipient further agrees to waive any requirement for security or posting of any bond in connection with such remedy. Recipient is advised that Locke Group is acting on behalf of SALP as its financial advisor in connection with the sale of this Property. Should the Recipient elect to have representation by a broker, finder or similar agent (“Broker”), Recipient hereby agrees that any fees earned by or owed to Broker in connection with this transaction will be paid by the Recipient. Recipient agrees to indemnify and hold harmless SALP and Locke Group, their respective affiliates, successors and assigns, employees, officers and directors against and from any loss, liability or expense including attorney’s fees, arising out of any claim or claims by Broker for commissions, fees or other compensation for bringing about any investment in the Property by Recipient. THE SALP EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE. If you do not wish to pursue negotiations leading to this acquisition, or if in the future you discontinue such negotiations, you agree to return all confidential information to SALP or Locke Group. THIS CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THIS MEMORANDUM. I agree to the above terms and conditions.