Such Seller is (i) a limited liability company or a real estate investment trust, as reflected on Exhibit A-3 to this Agreement, (ii) duly organized under the laws of the state of its formation, is validly existing, and in good standing under the laws of such state, (iii) qualified or registered to do business in the state where its Property is located (or in the states where its Properties are located), and (iv) has the full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby to be carried out by it. Except only for the Property(ies) that is/are owned directly by WashREIT, WashREIT is the sole direct or indirect beneficial owner of each Seller. SYN-Rock, LLC, a Maryland limited liability company, SME Rock, LLC, a Delaware limited liability company and Trade Rock, LLC, a Delaware limited liability company (collectively, the “ TIC Owners ”), collectively own 100% of the Property commonly referred to as West Gude Office Park, located at 20, 30, 40 and 50 West Gude Drive, Rockville, Maryland.