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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001140361-07-015418.txt : 20070806
<SEC-HEADER>0001140361-07-015418.hdr.sgml : 20070806
<ACCEPTANCE-DATETIME>20070806082901
ACCESSION NUMBER:		0001140361-07-015418
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20070731
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070806
DATE AS OF CHANGE:		20070806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TANDY LEATHER FACTORY INC
		CENTRAL INDEX KEY:			0000909724
		STANDARD INDUSTRIAL CLASSIFICATION:	LEATHER & LEATHER PRODUCTS [3100]
		IRS NUMBER:				752543540
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12368
		FILM NUMBER:		071025650

	BUSINESS ADDRESS:	
		STREET 1:		3847 EAST LOOP
		STREET 2:		820 SOUTH
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76119
		BUSINESS PHONE:		8174964414

	MAIL ADDRESS:	
		STREET 1:		3847 EAST LOOP
		STREET 2:		820 SOUTH
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEATHER FACTORY INC
		DATE OF NAME CHANGE:	19930723
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>TANDY LEATHER 8-K 7-31-2007
<TEXT>
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      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div align="left">
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            <tr>
              <td valign="top" width="50%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Date
                  of report (Date of earliest event reported:)</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>July
                  31, 2007</u></font></div>
              </td>
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      <div>&#160;</div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="logo1.jpg" alt=""></div>
      <div><br></div>
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            <tr>
              <td valign="top" width="80%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: times new roman;"><u>Tandy
                  Leather Factory, Inc.</u></font></div>
              </td>
            </tr>
            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Exact
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                  Incorporation</font></div>
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                  File Number)</font></div>
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                  Employer Identification Number)</font></div>
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                  East Loop 820 South, Fort Worth, Texas</font></div>
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                  496-4414</font></div>
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            <tr>
              <td valign="top" width="80%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="80%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Former
                  Name or Former Address, if Changed Since Last
                  Report)</font></div>
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      <div>&#160;</div>
      <div>&#160;</div>
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        <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
      </div>
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        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 45pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                  1.01.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Entry
                  into a Material Definitive
                  Agreement</strong></font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
        July
        31, 2007, Tandy Leather Factory, Inc., through its wholly-owned subsidiary,
        The
        Leather Factory, L.P. (the &#8220;Company&#8221;), entered into a Credit Agreement and Line
        of Credit Note with JPMorgan Chase Bank, N.A. (&#8220;JPMorgan&#8221;), pursuant to which
        JPMorgan agreed to provide a credit facility to the Company of up to $5,500,000
        (the &#8220;Debt Facility&#8221;) to facilitate the Company&#8217;s purchase of real estate
        consisting of a 195,000 square foot building situated on 30 acres of land
        located at 1900 SE Loop 820 in Fort Worth, Texas (the &#8220;Property&#8221;).</font></div>
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        the
        terms of the Line of Credit Note, the Company may borrow sums up to the lesser
        of $5,500,000 or 90% of the cost of the Property&#160;from the period beginning
        July 31, 2007 and ending April 30, 2008 (the &#8220;Draw Period&#8221;).&#160;&#160;During
        the Draw Period, the Company will make interest only payments monthly, at
        which
        time the principal balance will be rolled into a 10-year term
        note.&#160;&#160;Amounts drawn under the Credit Agreement accrue interest at a
        rate of 7.10% per annum. The Credit Agreement contains a covenant by the
        Company
        that it will not permit its Debt Service Coverage Ratio to fall below 1.2
        to 1.0
        during any twelve month period.&#160;&#160;Other negative covenants by the
        Company are also contained in the Credit Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Debt
        Facility is secured by a Deed of Trust, Assignment of Leases and Rents, Security
        Agreement and Financing Statement, dated July 31, 2007, by and among the
        Company, Randall B. Durant, as trustee, and JP Morgan, granting JP Morgan
        a
        security interest in the Property.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Proceeds
        from the first draw under the Debt Facility in the amount of $4,050,000 were
        used to fund the purchase of the Property from Standard Motor Products, Inc.
        under an Agreement of Purchase and Sale, dated June 25, 2007, which closed
        on
        July 31, 2007. The remaining credit line available under the Debt Facility
        will
        be used to remodel portions of the building. The Company expects to move
        its
        corporate headquarters, central warehouse and other support units into the
        acquired building during the first quarter of 2008.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        foregoing description of the Line of Credit Note,&#160;Credit Agreement, Deed of
        Trust, Assignment of Leases and Rents, Security Agreement and Financing
        Statement and Agreement of Purchase and Sale&#160;is not complete and
        is&#160;qualified in its entirety by reference to the full text of such
        agreements, which&#160;are filed as Exhibits 10.1, 10.2, 10.3 and 10.4,
        respectively, to this Current Report on Form 8-K.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
        copy of
        the press release announcing the transaction is furnished as Exhibit 99.1
        to
        this Current Report on Form 8-K.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 45pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                  2.01.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Completion
                  of Acquisition of Assets</strong></font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        information concerning the Agreement of Purchase and Sale set forth above
        under
        Item 1.01 is incorporated herein by reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 45pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                  2.03.</strong></font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Creation
                  of a Direct Financial Obligation or an Obligation under an Off-Balance
                  </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Sheet
                  Arrangement of a
                  Registrant</strong></font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><strong><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        </font></strong></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        information concerning the Line of Credit Note, Credit Agreement and Deed
        of
        Trust, Assignment of Leases and Rents, Security Agreement and Financing
        Statement set forth above under Item 1.01 is incorporated herein by
        reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            <div id="GLFTR" style="WIDTH: 100%" align="left">
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          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
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            </div>
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            </div>
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        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 45pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                  9.01.</strong></font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Financial
                  Statements and Exhibits</strong></font></div>
              </td>
            </tr>

        </table>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        (b) Pro Forma Financial Information.</font></div>
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        it
        is impracticable to provide the required financial statements for the acquired
        real property described above at the time of this filing, and no financial
        statements (audited or unaudited) are available at this time, the Company
        hereby
        confirms that the required financial statements will be filed on or before
        71
        days following the date of this filing, by amendment to this Form 8&#8722;K, which
        date is within the period allowed to file such an amendment.</font></div>
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        (d)&#160;Exhibits.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Exhibit
                  </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Number</strong></font></div>
              </td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Description</strong></font></div>
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            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                  of Credit Note, dated July 31, 2007, by and between The Leather
                  Factory,
                  L.P. and JPMorgan Chase Bank, N.A.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="85%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%">
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              </td>
              <td align="left" valign="top" width="85%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Credit
                  Agreement, dated July 31, 2007, by and between The Leather Factory,
                  L.P.
                  and JPMorgan Chase Bank, N.A.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="85%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10_3.htm">10.3</a>*</font></div>
              </td>
              <td align="left" valign="top" width="85%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Deed
                  Of Trust, Assignment of Leases and Rents, Security Agreement and
                  Financing
                  Statement, dated as of July 31, 2007, by and among The Leather
                  Factory,
                  L.P., Randall B. Durant and JPMorgan Chase Bank, N.A.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="85%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex10_4.htm">10.4</a>*</font></div>
              </td>
              <td align="left" valign="top" width="85%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Agreement
                  of Purchase and Sale, dated June 25, 2007, between The Leather
                  Factory, LP
                  and Standard Motor Products, Inc.</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="85%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><a href="ex99_1.htm">99.1</a>*</font></div>
              </td>
              <td align="left" valign="top" width="85%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Press
                  release, dated August 6, 2007.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;
        * Filed herewith.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">SIGNATURES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="42%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>TANDY
                  LEATHER FACTORY, INC.</strong></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="42%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="58%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="42%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Date:&#160;&#160;August
                  6, 2007</font></div>
              </td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:&#160;&#160;<u>/s/
                  Ron Morgan</u></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="42%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;
                  Ron&#160;Morgan, Chief Executive Officer</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="42%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="58%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;&#160;&#160;
                  and President</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>
        <hr style="COLOR: black" align="left" noshade size="2" width="100%">
      </div>
    </div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>

  <head>
    <title>ex10_1.htm</title>
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    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="white">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;<img src="logo2.jpg" alt=""></font></td>
              <td valign="bottom" width="50%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong><a name="ex10-1">Line
                  of Credit
                  Note</a></strong></font></div>
              </td>
            </tr>

        </table>
      </div>
      <div align="center">&#160;</div>
      <div align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>$5,500,000.00</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Date:
        July 31,2007</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Promise
        to Pay.</strong> On or before April 30, 2018, for value received, The Leather
        Factory, L.P. (the "Borrower") promises to pay to JPMorgan Chase Bank, N.A.,
        whose address is 420 Throckmorton, Suite 400, Fort Worth, TX 76102 (the "Bank")
        or order, in lawful money of the United States of America, the sum of Five
        Million Five Hundred Thousand and 00/100 Dollars ($5,500,000.00) or such
        lesser
        sum as is indicated on Bank records, plus interest computed on the basis
        of the
        actual number of days elapsed in a year of 360 days unless that calculation
        would result in a usurious interest rate, in which case interest will be
        calculated on the basis of a 365 or 366 day year, as the case may be at the
        rate
        of 7.10% per annum (the "Note Rate") and at the rate of 3.00% per annum above
        the Note Rate, at the Bank's option, upon the occurrence of any default under
        this Note, whether or not the Bank elects to accelerate the maturity of this
        Note, from the date such increased rate is imposed by the
        Bank.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        no
        event shall the interest rate exceed the maximum rate allowed by law. Any
        interest payment that would for any reason be unlawful under applicable law
        shall be applied to principal.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Interest
        will be computed on unpaid principal balance from the date of each
        borrowing.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">From
        the
        date of this Note until April 30, 2008 (the "Draw Period"), the Borrower
        may
        borrow sums under this Note, up to the principal amount of this Note, and
        may
        repay those sums at any time, at its option, subject to the terms of the
        Related
        Documents; <em>provided, however, </em>that if the Borrower so repays any sums,
        it may not later reborrow those sums. During the Draw Period, the amount
        available to be drawn shall not exceed the lessor of: (1) $5,500,000.00;
        or (2)
        90% of cost, subject also to the following sentence. Anything in this Note
        to
        the contrary notwithstanding, Borrower shall make a mandatory principal payment
        60 days from closing to reduce the amount of this Note and amount available
        to
        be drawn during the Draw Period, to the lessor of: (1) $5,500,000.00, or
        (2) 85%
        of the appraised value of the real estate being financed.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">During
        the Draw Period, interest shall be due and payable as it accrues, commencing
        on
        July 31, 2007 and continuing on the same day of each month
        thereafter.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">During
        the period commencing on the day after the termination of the Draw Period,
        and
        continuing until this Note is paid in full, the Borrower shall make monthly
        payments as follows: commencing on May 30, 2008, and continuing on the same
        day
        of each calendar month thereafter until the maturity date of this Note, the
        Borrower shall pay the Bank monthly installments of (A) principal in the
        equal
        amounts of 1/240th of the principal amount outstanding on the last day of
        the
        Draw Period, plus (B) accrued interest. A final payment shall be due and
        payable
        on April 30, 2018, at which time the entire balance of unpaid principal,
        plus
        accrued interest shall be due and payable immediately.</font></div>
    </div>
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      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Borrower shall make all payments on this Note and the other Related Documents,
        without setoff, deduction, or counterclaim, to the Bank at the Bank's address
        above or at such other place as the Bank may designate in writing. If any
        payment of principal or interest on this Note shall become due on a day that
        is
        not a Business Day, the payment will be made on the next succeeding Business
        Day. The term "Business Day" in this Note means a day other than a Saturday,
        Sunday or any other day on which national banking associations are authorized
        to
        be closed. Payments shall be allocated among principal, interest and fees
        at the
        discretion of the Bank unless otherwise agreed or required by applicable
        law.
        Acceptance by the Bank of any payment that is less than the payment due at
        that
        time shall not constitute a waiver of the Bank's right to receive payment
        in
        full at that time or any other time.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Prepayment
        Premium.</strong> In consideration of the Bank offering the Borrower a fixed
        rate of interest on this Note, the following shall apply: (1) The Borrower
        has
        agreed to not prepay this Note for the first 5 years of the term of this
        Note.
        Should the Borrower nonetheless prepay the Note, then the Borrower agrees
        that
        if the Borrower prepays all or any portion of the principal balance of this
        Note
        prior to the scheduled payment due date and/or the stated maturity date set
        forth above (whether by acceleration, prepayment or otherwise) the Borrower
        agrees to pay the Bank, in addition to all accrued and unpaid interest on
        the
        principal amount prepaid, on the date of prepayment (as liquidated damages
        and
        not as a penalty), a prepayment charge equal to the sum of the differences
        between (a) each scheduled interest payment which would have been made on
        the
        prepaid amount if such prepayment had not occurred and (b) the corresponding
        fixed-rate interest payment which would be received under an interest rate
        swap
        which the Bank shall be deemed to have entered into as of the date of such
        prepayment (the "Replacement Swap") covering its payment obligations under
        an
        interest rate swap which the Bank shall be deemed to have entered into when
        the
        prepaid amount was originally funded, with each such difference discounted
        to a
        present value as of the date of prepayment using the fixed interest rate
        of the
        Replacement Swap as the applicable discount rate. The Borrower acknowledges
        that
        the Bank might not fund or hedge its fixed-rate loan portfolio or any prepayment
        thereof on a loan-by-loan basis at all times, and agrees that the foregoing
        is a
        reasonable and appropriate method of calculating liquidated damages for any
        prepayment irrespective of whether any of the foregoing hedging transactions
        have in fact occurred or </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">occurred
        precisely as stated with respect to the loan evidenced by this Note. All
        calculations and determinations by the Bank of the amounts payable pursuant
        to
        the preceding provisions or of any element thereof, if made in accordance
        with
        its then standard procedures for so calculating or determining such amounts,
        shall be conclusive absent manifest arithmetic error. If the Bank accelerates
        this Note following default, any subsequent tender by or on behalf of the
        Borrower of full payment of this Note is conclusively agreed to be an evasion
        of
        the prepayment charge provisions of this Note. The payment will be deemed
        a
        voluntary prepayment and will be accompanied by payment of the prepayment
        charge. (2) After the first 5 years of this Note, the Borrower may prepay
        all or
        any portion of the principal balance of this Note prior to the scheduled
        payment
        due date and/or the stated maturity date set forth above (whether by
        acceleration, prepayment or otherwise) up to 10% of the then outstanding
        principal balance of this Note annually, beginning April 30, 2013, and on
        the
        same day of each year thereafter.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Purpose
        of Loan. </strong>The Borrower acknowledges and agrees that this Note evidences
        a loan for a business, commercial, agricultural or similar commercial enterprise
        purpose, and that all advances made under this Note shall not be used for
        any
        personal, family or household purpose. The proceeds of the loan shall be
        used
        only for the purchase of the real estate and improvements located at 1900
        SE
        Loop 820, Fort Worth, TX 76115.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Credit
        Facility. </strong>The Bank has approved a credit facility to the Borrower in a
        principal amount not to exceed the face amount of this Note. The credit facility
        is in the form of advances made from time to time by the Bank to the Borrower.
        This Note evidences the Borrower's obligation to repay those advances. The
        aggregate principal amount of debt evidenced by this Note is the amount
        reflected from time to time in the records of the Bank.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Liabilities.
        </strong>The term "Liabilities" in this Note means all debts, obligations,
        and
        liabilities of every kind and character of the Borrower, whether individual,
        joint and several, contingent or otherwise, now or hereafter existing in
        favor
        of the Bank, including without limitation, all liabilities, interest, costs
        and
        fees, arising under or from any note, open account, overdraft, credit card,
        lease, letter of credit application, endorsement, surety agreement, guaranty,
        Rate Management Transaction, acceptance, foreign exchange contract or depository
        service contract, whether payable to the Bank or to a third party and
        subsequently acquired by the Bank, any monetary obligations (including interest)
        incurred or accrued during the pendency of any bankruptcy, insolvency,
        receivership or other similar proceedings, regardless of whether allowed
        or
        allowable in such proceeding, and all renewals, extensions, modifications,
        consolidations, rearrangements, restatements, replacements or substitutions
        of
        any of the foregoing. The term "Rate Management Transaction" in this Note
        means
        any transaction (including an agreement with respect thereto) that is a rate
        swap, basis swap, forward rate transaction, commodity swap, commodity option,
        equity or equity index swap, equity or equity index option, bond option,
        interest rate option, foreign exchange transaction, cap transaction, floor
        transaction, collar transaction, forward transaction, currency swap transaction,
        cross-currency rate swap transaction, currency option, derivative transaction
        or
        any other similar transaction (including any option with respect to any of
        these
        transactions) or any combination thereof, whether linked to one or more interest
        rates, foreign currencies, commodity prices, equity prices or other financial
        measures.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Related
        </strong><strong>Documents. </strong>The term "Related Documents" in this Note
        means this Note, all loan agreements, credit agreements, reimbursement
        agreements, security agreements, mortgages, deeds of trust, pledge agreements,
        assignments, guaranties, and any other instrument or document executed in
        connection with this Note or in connection with any of the
        Liabilities.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Security.
        </strong>The term "Collateral" in this Note means all real or personal property
        described in all security agreements, pledge agreements, mortgages, deeds
        of
        trust, assignments, or other instruments now or hereafter executed in connection
        with this Note or in connection with any of the Liabilities. If applicable,
        the
        Collateral secures the payment of this Note and the
        Liabilities.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Bank's
        Right of Setoff. </strong>In addition to the Collateral, if any, the Borrower
        grants to the Bank a security interest in the Accounts, and the Bank is
        authorized to setoff and apply, all Accounts, Securities and Other Property,
        and
        Bank Debt against any and all Liabilities of the Borrower. This right of
        setoff
        may be exercised at any time and from time to time, and without prior notice
        to
        the Borrower. This security interest in the Accounts and right of setoff
        may be
        enforced or exercised by the Bank regardless of whether or not the Bank has
        made
        any demand under this paragraph or whether the Liabilities are contingent,
        matured, or unmatured. Any delay, neglect or conduct by the Bank in exercising
        its rights under this paragraph will not be a waiver of the right to exercise
        this right of setoff or enforce this security interest in the Accounts. The
        rights of the Bank under this paragraph are in addition to other rights the
        Bank
        may have in the Related Documents or by law. In this paragraph: (a) the term
        "Accounts" means any and all accounts and deposits of the Borrower (whether
        general, special, time, demand, provisional or final) at any time held by
        the
        Bank (including all Accounts held jointly with another, but excluding any
        IRA or
        Keogh Account, or any trust Account in which a security interest would be
        prohibited by law); (b) the term "Securities and Other Property" means any
        and
        all financial assets, securities entitlements, securities accounts, investment
        property and other personal property of the Borrower in the custody, possession
        or control of the Bank, JPMorgan Chase &amp; Co. and their respective
        subsidiaries and affiliates (other than property held by the Bank in a fiduciary
        capacity); and (c) the term "Bank Debt" means all indebtedness at any time
        owing
        by the Bank, to or for the credit or account of the Borrower and any claim
        of
        the Borrower (whether individual, joint and several or otherwise) against
        the
        Bank now or hereafter existing.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Representations
        by Borrower. </strong>Each Borrower represents and warrants that each of the
        following is and will remain true and correct until the later of maturity
        or the
        date on which all Liabilities evidenced by this Note are paid in full: (a)
        the
        execution and delivery of this </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Note
        and
        the performance of the obligations it imposes do not violate any law, conflict
        with any agreement by which it is bound, or require the consent or approval
        of
        any governmental authority or other third party; (b) this Note is a valid
        and
        binding agreement of the Borrower, enforceable according to its terms; (c)
        all
        balance sheets, profit and loss statements, other financial statements and
        applications for credit furnished to the Bank in connection with the Liabilities
        are accurate and fairly reflect the financial condition of the organizations
        and
        persons to which they apply on their effective dates, including contingent
        liabilities of every type, which financial condition has not materially and
        adversely changed since those dates; and, if the Borrower is not a natural
        person (i) it is duly organized, validly existing and in good standing under
        the
        laws of the state where it is organized and in good standing in each state
        where
        it is doing business; and (ii) the execution and delivery of this Note and
        the
        performance of the obligations it imposes (A) are within its powers and have
        been duly authorized by all necessary action of its governing body, and (B)
        do
        not contravene the terms of its articles of incorporation or organization,
        its
        by-laws, regulations or any partnership, operating or other agreement governing
        its organization and affairs.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">2</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Events
        of Default/Acceleration.</strong> If any of the following events occurs this
        Note shall become due immediately, without notice, at the Bank's option,
        and the
        Borrower hereby waives notice of intent to accelerate maturity of this Note
        and
        notice of acceleration of this Note upon any of the following
        events:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Borrower, or any guarantor of any of the Liabilities (the "Guarantor"),
                  fails to pay when due any amount payable under this Note, under
                  any of the
                  Liabilities, or under any agreement or instrument evidencing debt
                  to any
                  creditor.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Borrower or any Guarantor (a) fails to observe or perform or otherwise
                  violates any other term, covenant, condition, or agreement of any
                  of the
                  Related Documents; (b) makes any materially incorrect or misleading
                  representation, warranty, or certificate to the Bank; (c) makes
                  any
                  materially incorrect or misleading representation in any financial
                  statement or other information delivered to the Bank; or (d) defaults
                  under the terms of any agreement or instrument relating to any
                  debt for
                  borrowed money (other than the debt evidenced by this Note) and
                  the effect
                  of such default will allow the creditor to declare the debt due
                  before its
                  maturity.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">3.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
                  the event (a) there is a default under the terms of any Related
                  Document,
                  (b) any guaranty of the loan evidenced by this Note is terminated
                  or
                  becomes unenforceable in whole or in part, (c) any Guarantor fails
                  to
                  promptly perform under its guaranty, or (d) the Borrower fails
                  to comply
                  with, or pay, or perform under any agreement, now or hereafter
                  in effect,
                  between the Borrower and JPMorgan Chase &amp; Co., or any of its
                  subsidiaries or affiliates or their
                  successors.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.</font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">There
                  is any loss, theft, damage, or destruction of any Collateral not
                  covered
                  by insurance.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  "reportable event" (as defined in the Employee Retirement Income
                  Security
                  Act of 1974 as amended) occurs that would permit the Pension Benefit
                  Guaranty Corporation to terminate any employee benefit plan of
                  the
                  Borrower or any Guarantor or any affiliate of the Borrower or any
                  Guarantor.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.</font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Borrower or any Guarantor becomes insolvent or unable to pay its
                  debts as
                  they become due.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Borrower or any Guarantor (a) makes an assignment for the benefit
                  of
                  creditors; (b) consents to the appointment of a custodian, receiver,
                  or
                  trustee for itself or for a substantial part of its assets; or
                  (c)
                  commences any proceeding under any bankruptcy, reorganization,
                  liquidation, insolvency or similar laws of any
                  jurisdiction.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">8.</font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
                  custodian, receiver, or trustee is appointed for the Borrower or
                  any
                  Guarantor or for a substantial part of its
                  assets.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">9.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Proceedings
                  are commenced against the Borrower or any Guarantor under any bankruptcy,
                  reorganization, liquidation, or similar laws of any jurisdiction,
                  and they
                  remain undismissed for thirty (30) days after commencement; or
                  the
                  Borrower or the Guarantor consents to the commencement of those
                  proceedings.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">10.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
                  judgment is entered against the Borrower or any Guarantor, or any
                  attachment, levy, or garnishment is issued against any property
                  of the
                  Borrower or any Guarantor.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">11.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Borrower or any Guarantor dies, or a guardian or conservator is
                  appointed
                  for the Borrower or any Guarantor or all or any portion of the
                  Borrower's
                  assets, any Guarantor's assets, or the
                  Collateral.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">12.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Borrower or any Guarantor, without the Bank's written consent (a)
                  is
                  dissolved, (b) merges or consolidates with any third party, (c)
                  leases,
                  sells or otherwise conveys a material part of its assets or business
                  outside the ordinary course of its business, (d) leases, purchases,
                  or
                  otherwise acquires a material part of the assets of any other business
                  entity, except in the ordinary course of its business, or (e) agrees
                  to do
                  any of the foregoing (notwithstanding the foregoing, any subsidiary
                  may
                  merge or consolidate with any other subsidiary, or with the Borrower,
                  so
                  long as the Borrower is the
                  survivor).</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 18pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">13.</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
                  material adverse change occurs in the business, assets, affairs,
                  prospects
                  or financial condition of the Borrower or any Guarantor or any
                  subsidiary
                  of the Borrower.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Remedies.</strong>
        If this Note is not paid at maturity, whether by acceleration or otherwise,
        the
        Bank shall have all of the rights and remedies provided by any law or agreement.
        The Bank is authorized to cause all or any part of the Collateral to be
        transferred to or registered in its name or in the name of any other person
        or
        business entity, with or without designating the capacity of that nominee.
        Without limiting any other available remedy, the Borrower is liable for any
        deficiency remaining after disposition of any Collateral. The Borrower is
        liable
        to the Bank for all reasonable costs and expenses of every kind incurred
        (or
        charged by internal allocation) in connection with the negotiation, preparation,
        execution, filing, recording, modification, supplementing and waiver of this
        Note or the Related Documents and the making, servicing and collection of
        this
        Note or the Related Documents and any other amounts owed under this Note
        or the
        Related Documents, including without limitation reasonable attorneys' fees
        and
        court costs. These costs and expenses include without limitation any costs
        or
        expenses incurred by the Bank in any bankruptcy, reorganization, insolvency
        or
        other similar proceeding.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Waivers.</strong>
        Any party liable on this Note waives (a) to the extent permitted by law,
        all
        rights and benefits under any laws or statutes regarding sureties, as may
        be
        amended; (b) any right to receive notice of the following matters before
        the
        Bank enforces any of its rights: (i) the Bank's acceptance of this Note,
        (ii)
        any credit that the Bank extends to the Borrower, (iii) the Borrower's default,
        (iv) any demand, diligence, presentment, dishonor and protest, or (v) any
        action
        that the Bank takes regarding the Borrower, anyone else, any Collateral,
        or any
        of the Liabilities, that it might be entitled to by law or under any other
        agreement; (c) any right to require the Bank to proceed against the Borrower,
        any other obligor or guarantor of the Liabilities, or any Collateral, or
        pursue
        any remedy in the Bank's power to pursue; (d) any defense based on any claim
        that any endorser or other parties' obligations exceed or are more burdensome
        than those of the Borrower; (e) the benefit of any statute of limitations
        affecting liability of any endorser or other party liable hereunder or the
        enforcement hereof; (f) any defense arising by reason of any disability or
        other
        defense of the Borrower or by reason of the cessation from any cause whatsoever
        (other than payment in full) of the obligation of the Borrower for the
        Liabilities; and (g) any defense based on or arising out of any defense that
        the
        Borrower may have to the payment or performance of the Liabilities or any
        portion thereof. Any party liable on this Note consents to any extension
        or
        postponement of time of its payment without limit as to the number or period,
        to
        any substitution, exchange or release of all or any part of the Collateral,
        to
        the addition of any other party, and to the release or discharge of, or
        suspension of any rights and remedies against, any person who may be liable
        for
        the payment of this Note. The Bank may waive or delay enforcing any of its
        rights without losing them. Any waiver affects only the specific terms and
        time
        period stated in the waiver. No modification or waiver of any provision of
        this
        Note is effective unless it is in writing and signed by the party against
        whom
        it is being enforced.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Cooperation.</strong>
        The Borrower agrees to fully cooperate with the Bank and not to delay, impede
        or
        otherwise interfere with the efforts of the Bank to secure payment from the
        assets which secure the Liabilities including actions, proceedings, motions,
        orders, agreements or other matters relating to relief from automatic stay,
        abandonment of property, use of cash collateral and sale of the Bank's
        collateral free and clear of all liens.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Additional
        Waivers.</strong> To the extent not prohibited by applicable law, the Borrower
        waives (a) to the extent the Borrower is subject to the Texas Revised
        Partnership Act ("TRPA") or Section 152.306 of the Texas Business Organizations
        Code ("BOC"), compliance by the Bank with Section 3.05(d) of TRPA and Section
        152.306(b) of BOC; and (b) if the Liabilities are secured by an interest
        in real
        property, all rights of the Borrower under Sections 51.003, 51.004, and 51.005
        of the Texas Property Code (as amended from time to time).</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Rights
        of Subrogation.</strong> Any party liable on this Note waives and agrees not to
        enforce any rights of subrogation, contribution or indemnification that it
        may
        have against the Borrower, any person liable on the Liabilities, or the
        Collateral, until the Borrower and such party liable on this Note have fully
        performed all their obligations to the Bank, even if those obligations are
        not
        covered by this Note.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Reinstatement.</strong>
        The Borrower agrees that to the extent any payment or transfer is received
        by
        the Bank in connection with the Liabilities evidenced by this Note, and all
        or
        any part of the payment or transfer is subsequently invalidated, declared
        to be
        fraudulent or preferential, set aside or required to be transferred or repaid
        by
        the Bank or transferred or paid over to a trustee, receiver or any other
        entity,
        whether under any bankruptcy act or otherwise (any of those payments or
        transfers is hereinafter referred to as a "Preferential Payment"), then this
        Note shall continue to be effective or shall be reinstated, as the case may
        be,
        even if all those Liabilities have been paid in full and whether or not the
        Bank
        is in possession of this Note, or whether the Note has been marked paid,
        released or canceled, or returned to the Borrower and, to the extent of the
        payment, repayment or other transfer by the Bank, the Liabilities or part
        intended to be satisfied by the Preferential Payment shall be revived and
        continued in full force and effect as if the Preferential Payment had not
        been
        made.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Governing
        Law and Venue.</strong> This Note shall be governed by and construed in
        accordance with the laws of the State of Texas (without giving effect to
        its
        laws of conflicts). The Borrower agrees that any legal action or proceeding
        with
        respect to any of its obligations under this Note may be brought by the Bank
        in
        any state or federal court located in the State of Texas, as the Bank in
        its
        sole discretion may elect. By the execution and delivery of this Note, the
        Borrower submits to and accepts, for itself and in respect of its property,
        generally and unconditionally, the non-exclusive jurisdiction of those courts.
        The Borrower waives any claim that the State of Texas is not a convenient
        forum
        or the proper venue for any such suit, action or proceeding.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Usury.</strong>
        The Bank does not intend to charge, collect or receive any interest that
        would
        exceed the maximum rate allowed by law. If the effect of any applicable law
        is
        to render usurious any amount called for under this Note or the other Related
        Documents, or if any amount is charged or received with respect to this Note,
        or
        if any prepayment by the Borrower results in the Borrower having paid any
        interest in excess of that permitted by law, then all excess amounts collected
        by the Bank shall be credited on the principal balance of this Note (or,
        if this
        Note and all other indebtedness arising under or pursuant to the other Related
        Documents have been paid in full, refunded to the Borrower), and the provisions
        of this Note and the other Related Documents immediately shall be deemed
        reformed and the amounts thereafter collectable reduced, without the necessity
        of the execution of any new document, so as to comply with the then applicable
        law. All sums paid, or agreed to be paid, by the Borrower for the use,
        forbearance, or detention of money under this Note or the other Related
        Documents shall, to the maximum extent permitted by applicable law, be
        amortized, prorated, allocated and spread throughout the full term </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">of
        such
        indebtedness until payment in full so that the rate or amount of interest
        on
        account of such indebtedness does not exceed the usury ceiling from time
        to time
        in effect and applicable to such indebtedness for so long as such indebtedness
        is outstanding. To the extent federal law permits the Bank to contract for,
        charge or receive a greater amount of interest, the Bank will rely on federal
        law instead of the Texas Finance Code. In no event shall Chapter 346 of the
        Texas Finance Code apply to this Note. To the extent that Chapter 303 of
        the
        Texas Finance Code is applicable to this Note, the "weekly ceiling" specified
        in
        Chapter 303 is the applicable ceiling.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Miscellaneous.
        </strong>Each Borrower is liable jointly and severally for the obligations
        represented by this Note, the term "Borrower" means any one or more of them,
        and
        the receipt of value by any one of them constitutes the receipt of value
        by the
        others. This Note binds the Borrower and its successors, and benefits the
        Bank,
        its successors and assigns. Any reference to the Bank includes any holder
        of
        this Note. This Note is issued pursuant and entitled to the benefits of that
        certain Credit Agreement by and between the Borrower and the Bank, dated
        July
        31, 2007, and all replacements thereof (the "Credit Agreement") to which
        reference is hereby made for a more complete statement of the terms and
        conditions under which the loan evidenced hereby is made and is to be repaid.
        The terms and provisions of the Credit Agreement are hereby incorporated
        and
        made a part hereof by this reference thereto with the same force and effect
        as
        if set forth at length herein. No reference to the Credit Agreement and no
        provisions of this Note or the Credit Agreement shall alter or impair the
        absolute and unconditional obligation of the Borrower to pay the principal
        and
        interest on this Note as herein prescribed. Capitalized terms not otherwise
        defined herein shall have the meanings assigned to such terms in the Credit
        Agreement. Section headings are for convenience of reference only and do
        not
        affect the interpretation of this Note. Any notices and demands under or
        related
        to this document shall be in writing and delivered to the intended party
        at its
        address stated herein, and if to the Bank, at its main office if no other
        address of the Bank is specified herein, by one of the following means: (a)
        by
        hand, (b) by a nationally recognized overnight courier service, or (c) by
        certified mail, postage prepaid, with return receipt requested. Notice shall
        be
        deemed given: (a) upon receipt if delivered by hand, (b) on the Delivery
        Day
        after the day of deposit with a nationally recognized courier service, or
        (c) on
        the third Delivery Day after the notice is deposited in the mail. "Delivery
        Day"
        means a day other than a Saturday, a Sunday, or any other day on which national
        banking associations are authorized to be closed. Any party may change its
        address for purposes of the receipt of notices and demands by giving notice
        of
        such change in the manner provided in this provision. This Note and any Related
        Documents embody the entire agreement between the Borrower and the Bank
        regarding the terms of the loan evidenced by this Note and supercede all
        oral
        statements and prior writings relating to that loan. If any provision of
        this
        Note cannot be enforced, the remaining portions of this Note shall continue
        in
        effect. The Borrower agrees that the Bank may provide any information or
        knowledge the Bank may have about the Borrower or about any matter relating
        to
        this Note or the Related Documents to JPMorgan Chase <em>&amp; </em>Co., or any
        of its subsidiaries or affiliates or their successors, or to any one or more
        purchasers or potential purchasers of this Note or the Related Documents.
        The
        Borrower agrees that the Bank may at any time sell, assign or transfer one
        or
        more interests or participations in all or any part of its rights and
        obligations in this Note to one or more purchasers whether or not related
        to the
        Bank.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Government
        Regulation. </strong>Borrower shall not (a) be or become subject at any time to
        any law, regulation, or list of any government agency (including, without
        limitation, the U.S. Office of Foreign Asset Control list) that prohibits
        or
        limits Bank from making any advance or extension of credit to Borrower or
        from
        otherwise conducting business with Borrower, or (b) fail to provide documentary
        and other evidence of Borrower's identity as may be requested by Bank at
        any
        time to enable Bank to verify Borrower's identity or to comply with any
        applicable law or regulation, including, without limitation, Section 326
        of the
        USA Patriot Act of 2001, 31 U.S.C. Section 5318.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>USA
        </strong><strong>PATRIOT ACT NOTIFICATION. </strong>The following notification
        is provided to Borrower pursuant to Section 326 of the USA Patriot Act of
        2001,
        31 U.S.C. Section 5318:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">IMPORTANT
        INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government
        fight the funding of terrorism and money laundering activities, Federal law
        requires all financial institutions to obtain, verify, and record information
        that identifies each person or entity that opens an account, including any
        deposit account, treasury management account, loan, other extension of credit,
        or other financial services product. What this means for Borrower: When Borrower
        opens an account, if Borrower is an individual Bank will ask for Borrower's
        name, taxpayer identification number, residential address, date of birth,
        and
        other information that will allow Bank to identify Borrower, and if Borrower
        is
        not an individual Bank will ask for Borrower's name, taxpayer identification
        number, business address, and other information that will allow Bank to identify
        Borrower. Bank may also ask, if Borrower is an individual to see Borrower's
        driver's license or other identifying documents, and if Borrower is not an
        individual to see Borrower's legal organizational documents or other identifying
        documents.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>(This
        space intentionally left blank)</em></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WAIVER
        OF SPECIAL DAMAGES. </strong>THE BORROWER WAIVES, TO THE MAXIMUM EXTENT NOT
        PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR RECOVER
        FROM
        THE BANK IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY, PUNITIVE
        OR
        CONSEQUENTIAL DAMAGES.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>JURY
        WAIVER. </strong>THE BORROWER AND THE BANK (BY ITS ACCEPTANCE HEREOF) HEREBY
        VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO
        HAVE
        A JURY PARTICIPATE IN RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT, TORT,
        OR
        OTHERWISE) BETWEEN THE BORROWER AND THE BANK ARISING OUT OF OR IN ANY WAY
        RELATED TO THIS NOTE OR THE OTHER RELATED DOCUMENTS. THIS PROVISION IS A
        MATERIAL INDUCEMENT TO THE BANK TO PROVIDE THE FINANCING EVIDENCED BY THIS
        NOTE.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>THIS
        NOTE AND THE OTHER RELATED DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN
        THE
        PARTIES AND MAY NOT </strong>BE <strong>CONTRADICTED BY EVIDENCE OF PRIOR,
        CONTEMPORANEOUS, OR </strong><strong>SUBSEQUENT ORAL AGREEMENTS OF THE
        PARTIES.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>THERE
        ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>&#160;</div>
    </div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" colspan="4" valign="top" width="50%">
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            </td>
          </tr>
          <tr>
            <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" colspan="4" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
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                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">3847
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          <tr>
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                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">The
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          <tr>
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          <tr>
            <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
              Ron C. Morgan</font></td>
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          <tr>
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                  Name</font></div>
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            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="22%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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    <div align="center">
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          <tr bgcolor="white">
            <td width="54%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;
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            <td width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font size="2">Date
              Signed:<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></font></font></td>
            <td width="31%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">07-31-07</font></td>
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        Bank
        is executing this Note for the purpose of acknowledging and agreeing to the
        Jury
        Waiver, the notice given under &#167;26.02 of the Texas Business and Commerce Code
        and to comply with the waiver requirements of TRPA and BOC, and the Bank's
        failure to execute or authenticate this Note will not invalidate this
        Note.</font></div>
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          <tr>
            <td align="justify" colspan="3" valign="top" width="40%">
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            <td align="justify" colspan="3" valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
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                Chase Bank, N.A.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></div>
            </td>
            <td width="60%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="21%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="60%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="4%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
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            <td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
              Jennifer C. Baggs</font></td>
            <td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td width="60%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Jennifer
                C. Baggs</font></div>
            </td>
            <td align="justify" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
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                President</font></div>
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            <td width="60%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10_2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<html>

  <head>
    <title>ex10_2.htm</title>
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    <div align="left">
    </div>
    <div>
      <div>
        <hr style="COLOR: black" align="left" noshade size="4" width="100%">
      </div>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;<img src="logo2.jpg" alt=""></font></td>
            <td valign="bottom" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div>&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Credit
                  Agreement</strong></font></div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        agreement dated as of July 31, 2007 between JPMorgan Chase Bank, N.A. (together
        with its successors and assigns, the "Bank"), whose address is 420 Throckmorton,
        Suite 400, Fort Worth, TX 76102, and The Leather Factory, L.P. (whether one
        or
        more, and if more than one, individually and collectively, the "Borrower"),
        whose address is 3847 East Loop 820 South, Fort Worth, TX 76119-</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4388.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Credit
        Facilities.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td align="left" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.1</strong></font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Scope.
                  </strong>This agreement, unless otherwise agreed to in writing
                  by the Bank
                  and the Borrower or prohibited by <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">applicable
                  law, governs the Credit Facilities as defined below. Advances under
                  the
                  Credit Facilities shall be subject to the procedures established
                  from time
                  to time by the Bank. Any procedures agreed to by the Bank with
                  respect to
                  obtaining advances including automatic loan sweeps shall not vary
                  the
                  terms or conditions of this agreement or the Related Documents
                  regarding
                  the Credit Facilities.</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Definitions.
        </strong>As used in this agreement, the following terms have the following
        respective meanings:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td align="left" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.1</strong></font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">"Credit
                  Facilities" means all extensions of credit from the Bank to the
                  Borrower,
                  whether now existing or hereafter arising, including but not limited
                  to
                  those described in Section 1 if any, and those extended contemporaneously
                  with this agreement.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.2</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">"Liabilities"
                  means all debts, obligations, indebtedness and liabilities of every
                  kind
                  and character of the Borrower whether individual, joint and several,
                  contingent or otherwise, now or hereafter existing in favor of
                  the Bank,
                  including, without limitation, all liabilities, interest, costs
                  and fees,
                  arising under or from any note, open account, overdraft, credit
                  card,
                  lease, Rate Management Transaction, letter of credit application,
                  endorsement, surety agreement, guaranty, acceptance, foreign exchange
                  contract or depository service contract, whether payable to the
                  Bank or to
                  a third party and subsequently acquired by the Bank, any monetary
                  obligations (including interest) incurred or accrued during the
                  pendency
                  of any bankruptcy, insolvency, receivership or other similar proceedings,
                  regardless of whether allowed or allowable in such proceeding,
                  and all
                  renewals, extensions, modifications, consolidations, rearrangements,
                  restatements, replacements or substitutions of any of the foregoing.
                  The
                  term "Rate Management Transaction" in this agreement means any
                  transaction
                  (including an agreement with respect thereto) that is a rate swap,
                  basis
                  swap, forward rate transaction, commodity swap, commodity option,
                  equity
                  or equity index swap, equity or equity index option, bond option,
                  interest
                  rate option, foreign exchange transaction, cap transaction, floor
                  transaction, collar transaction, forward transaction, currency
                  swap
                  transaction, cross-currency rate swap transaction, currency option,
                  derivative transaction or any other similar transaction (including
                  any
                  option with respect to any of these transactions) or any combination
                  thereof, whether linked to one or more interest rates, foreign
                  currencies,
                  commodity prices, equity prices or other financial
                  measures.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.3</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">"Notes"
                  means all promissory notes, instruments and/or contracts evidencing
                  the
                  terms and conditions of any of the Credit
                  Facilities.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.4</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">"Affiliate"
                  means any person, corporation or other entity directly or indirectly
                  controlling, controlled by or under common control with the Borrower
                  and
                  any director or officer of the Borrower or any Subsidiary of the
                  Borrower.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.5</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">"Distributions"
                  means all dividends and other distributions made by the Borrower
                  to its
                  shareholders, partners, owners or members, as the case may be,
                  other than
                  salary, bonuses, and other compensation for services expended in
                  the
                  current accounting period.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.6</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">"Subsidiary"
                  means, as to a particular person, any entity of which fifty (50%)
                  or more
                  of the indicia of equity rights is at the time of determination
                  directly
                  or indirectly owned by the person or by one or more persons controlled
                  by,
                  controlling or under common control with the
                  person.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.7</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">"Related
                  Documents" means the Notes, all loan agreements, credit agreements,
                  reimbursement agreements, security agreements, mortgages, deeds
                  of trust,
                  pledge agreements, assignments, guaranties, and any other instrument
                  or
                  document executed in connection with this agreement or in connection
                  with
                  any of the Liabilities.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Conditions
        Precedent to Extensions of Credit.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div>
              <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

                  <tr valign="top">
                    <td style="WIDTH: 27pt">
                    </td>
                    <td style="WIDTH: 36pt">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.1</strong></font></div>
                    </td>
                    <td>
                      <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Conditions
                        Precedent to Initial Extension of Credit under each of the
                        Credit
                        Facilities. </strong>Before the first <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">extension
                        of credit governed by this agreement, whether by disbursement
                        of a loan,
                        issuance of a letter of credit, or </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">otherwise,
                        the Borrower shall deliver to the Bank, in form and substance
                        satisfactory
                        to the Bank:</font></font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

                  <tr valign="top">
                    <td align="left" style="WIDTH: 63pt">
                      <div>&#160;</div>
                    </td>
                    <td align="left">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.
                        Loan Documents.</strong> The Notes, and as applicable, the letter of
                        credit applications, reimbursement agreements, <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                        security agreements, the pledge agreements, financing statements,
                        mortgages or deeds of trust, the guaranties, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                        subordination agreements, and any other documents which the
                        Bank may
                        reasonably require to give effect to the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">transactions
                        described in this agreement or the other Related
                        Documents;</font></font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div>&#160;</div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

                  <tr valign="top">
                    <td align="left" style="WIDTH: 63pt">
                      <div>&#160;</div>
                    </td>
                    <td align="left">
                      <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.
                        Evidence of </strong><strong>Due Organization and Good Standing.</strong>
                        Evidence, satisfactory to the Bank, of the due <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">organization,
                        valid existence and good standing of the Borrower and every
                        other business
                        entity that is a party to this </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">agreement
                        or any other Related Document;
                        and</font></font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

                  <tr valign="top">
                    <td align="left" style="WIDTH: 63pt">
                      <div>&#160;</div>
                    </td>
                    <td align="left">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.
                        Evidence of Authority to Enter into Loan Documents. </strong>Evidence that
                        (i) each party to this agreement and any <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">other
                        document required by this agreement is authorized to enter
                        into the
                        transactions described in this agreement </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">and
                        the other Related Documents, and (ii) the person signing
                        on behalf of each
                        party is authorized to do
                        so.</font></font></div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div>&#160;</div>
          </div>
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.2</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Conditions
                  Precedent to Each Extension of Credit. </strong>Before any extension of
                  credit governed by this agreement, <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">whether
                  by disbursement of a loan, issuance of a letter of credit or otherwise,
                  the following conditions must be </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">satisfied:</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 9pt">
              </td>
              <td align="left" style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.
                  Representations. </strong>The representations of the Borrower are true on
                  and as of the date of the request for and <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">funding
                  of the extension of
                  credit;</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 45pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div>&#160;</div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.
                  No Event of Default. </strong>No default has occurred in any provision of
                  this agreement, the Notes or any other <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Related
                  Documents and is continuing or would result from the extension
                  of credit,
                  and no event has occurred which </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">would
                  constitute the occurrence of any default but for the lapse of time
                  until
                  the end of any grace or cure
                  period;</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 45pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div>&#160;</div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.
                  Additional Approvals, Opinions, and Documents. </strong>The Bank has
                  received any other approvals, opinions and <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">documents
                  as it may reasonably request;
                  and</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 45pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div>&#160;</div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>D.
                  No Prohibition or Onerous Conditions. </strong>The making of the extension
                  of credit is not prohibited by or subjects <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                  Bank to any penalty or onerous condition under any law, ordinance,
                  decree,
                  requirement, order, judgment, rule, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">regulation
                  (or interpretation of any of the foregoing), foreign governmental
                  authority, the United States of America, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">any
                  state thereof and any political subdivision of any of the foregoing
                  and
                  any agency, department, commission, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">board,
                  bureau, court or other tribunal having jurisdiction over the Bank
                  or the
                  Borrower, or any Subsidiary of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Borrower
                  or their respective
                  properties.</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 27pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.</strong></font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Affirmative
                  Covenants. </strong>The Borrower agrees to do, and cause each of its
                  Subsidiaries to do, each of the
                  following:</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.1</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Insurance.
                  </strong>Maintain insurance with financially sound and reputable
                  insurers,
                  with such insurance and insurers to be acceptable to the Bank,
                  covering
                  its properties and business against those casualties and contingencies
                  and
                  in the types and amounts as are in accordance with sound business
                  and
                  industry practices.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.2</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Existence.
                  </strong>Maintain its existence and business operations as presently
                  in
                  effect in accordance with all applicable laws and regulations,
                  pay its
                  debts and obligations when due under normal terms, and pay on or
                  before
                  their due date, all taxes, assessments, fees and other governmental
                  monetary obligations, except as they may be contested in good faith
                  if
                  they have been properly reflected on its books and, at the Bank's
                  request,
                  adequate funds or security has been pledged to insure
                  payment.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.3</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Financial
                  Records. </strong>Maintain proper books and records of account, in
                  accordance with generally accepted accounting principles, and consistent
                  with financial statements previously submitted to the
                  Bank.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.4</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Inspection.
                  </strong>Permit the Bank to inspect and copy the Borrower's business
                  records at such times and at such intervals as the Bank may reasonably
                  require, and to discuss the Borrower's business, operations, and
                  financial
                  condition with the Borrower's officers and
                  accountants.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.5</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Financial
                  Reports. </strong>Furnish to the Bank whatever information, books and
                  records the Bank may from time to time reasonably
                  request.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">2</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.6</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Notices
                  of Claims, Litigation, Defaults, etc. </strong>Promptly inform the Bank in
                  writing of (1) all existing and all <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">threatened
                  litigation, claims, investigations, administrative proceedings
                  and similar
                  actions affecting the Borrower which could materially affect its
                  business,
                  assets, affairs, prospects or financial condition of the Borrower
                  or its
                  Subsidiaries; (2) the occurrence of any event which gives rise
                  to the
                  Bank's option to terminate the Credit Facilities; (3) the institution
                  of
                  steps by the Borrower to withdraw from, or the institution of any
                  steps to
                  terminate, any employee benefit plan as to which the Borrower may
                  have
                  liability; (4) any reportable event or any prohibited transaction
                  in
                  connection with any employee benefit plan; (5) any additions to
                  or changes
                  in the locations of the Borrower's or any of the Borrower's or
                  Subsidiary's businesses; and (6) any alleged breach of any provision
                  of
                  this agreement or of any other agreement related to the Credit
                  Facilities
                  by the Bank.</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.7</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Additional
                  Information. </strong>Furnish such additional information and statements,
                  as the Bank may request, from time to
                  time.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.8</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Insurance
                  Reports. </strong>Furnish to the Bank, upon request of the Bank, reports
                  on each existing insurance policy showing such information as the
                  Bank may
                  reasonably request.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.9</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Other
                  Agreements. </strong>Comply with all terms and conditions of all other
                  agreements, whether now or hereafter existing, between the Borrower
                  and
                  any other party.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.10</strong></font></div>
              </td>
              <td>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Title
                  to Assets and Property. </strong>Maintain good and marketable title to all
                  of the Borrower's assets and
                  properties.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.11</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Additional
                  Assurances. </strong>Promptly make, execute and deliver any and all
                  agreements, documents, instruments and other records that the Bank
                  may
                  request to evidence any of the Credit Facilities, cure any defect
                  in the
                  execution and delivery of any of the Related Documents, perfect
                  any lien,
                  comply with legal requirements applicable to the Bank or the Credit
                  Facilities or more fully to describe particular aspects of the
                  agreements
                  set forth or intended to be set forth in any of the Related
                  Documents.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.12</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Employee
                  Benefit Plans. </strong>Maintain each employee benefit plan as to which
                  the Borrower may have any liability, in compliance with all applicable
                  requirements of law and
                  regulations.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.13</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Banking
                  Relationship. </strong>Establish and maintain its primary banking
                  depository and disbursement relationship with the
                  Bank.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Negative
        Covenants.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.1</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Unless
                  otherwise noted, the financial requirements set forth in this section
                  will
                  be computed in accordance with generally accepted accounting principles
                  applied on a basis consistent with financial statements previously
                  submitted by the Borrower to the
                  Bank.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.2</strong></font></div>
              </td>
              <td>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Without
                  the written consent of the Bank, the Borrower will
                  not:</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>A.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Use
                  of Proceeds.</strong> Use, or permit any proceeds of the Credit Facilities
                  to be used, directly or indirectly, for <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                  purpose of "purchasing or carrying any margin stock" within the
                  meaning of
                  Federal Reserve Board Regulation </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">U.
                  At the Bank's request, the Borrower will furnish a completed Federal
                  Reserve Board Form
                  U-l.</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>B.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Continuity
                  of Operations.</strong> (1) Engage in any business activities
                  substantially different from those in which <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                  Borrower is presently engaged; (2) cease operations, liquidate,
                  merge,
                  transfer, acquire or consolidate with any </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">other
                  entity, change its name, dissolve, or sell any assets out of the
                  ordinary
                  course of business; or (3) enter into any </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">arrangement
                  with any person providing for the leasing by the Borrower or any
                  Subsidiary of real or personal </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">property
                  which has been sold or transferred by the Borrower or Subsidiary
                  to such
                  person.</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>C.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Limitation
                  on Negative</strong><strong>Pledge Clauses. </strong>Enter into any
                  agreement with any person other than the Bank <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">which
                  prohibits or limits the ability of the Borrower or any of its subsidiaries
                  to create or permit to exist any lien on </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">any
                  of its property, assets or revenues, whether now owned or hereafter
                  acquired.</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>D.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Conflicting
                  Agreements. </strong>Enter into any agreement containing any provision
                  which would be violated or <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">breached
                  by the performance of the Borrower's obligations under this agreement
                  or
                  any of the other Related </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Documents.</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>E.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Transfer
                  of Ownership. </strong>Permit any pledge of any ownership interest in the
                  Borrower, or any sale or other transfer of any ownership interest
                  in the
                  Borrower.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>F.</strong></font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Partnership
                  Agreement. </strong>Alter, amend or modify its partnership
                  agreement.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>G.</strong></font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Debt
                  Service Coverage Ratio. </strong>Permit at any time, its ratio of net
                  income, plus interest expense,<font style="DISPLAY: inline; FONT-FAMILY: Arial, Arial, sans-serif;">&#160;</font>amortization
                  expense and depreciation expense, minus Distributions, for the
                  twelve
                  month period then ending to interest expense, prior period current
                  maturities of long term debt and capital leases, for the same such
                  period
                  to be less than 1.20 to 1.00.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>H.</strong></font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Government
                  Regulation. </strong>(1)<strong>&#160;</strong>Be or become subject at any
                  time to any law, regulation, or list of any<font style="DISPLAY: inline; FONT-FAMILY: Arial, Arial, sans-serif;">&#160;</font>government
                  agency (including, without limitation, the U.S. Office of Foreign
                  Asset
                  Control list) that prohibits or limits Bank from making any advance
                  or
                  extension of credit to Borrower or from otherwise conducting business
                  with
                  Borrower, or (2) fail to provide documentary and other evidence of
                  Borrower's identity as may be requested by Bank at any time to
                  enable Bank
                  to verify Borrower's identity or to comply with any applicable
                  law or
                  regulation, including, without limitation, Section 326 of the USA
                  Patriot
                  Act of 2001, 31 U.S.C. Section
                  5318.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 63pt">
              </td>
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>I.</strong></font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Subsidiaries.</strong>
                  Form, create or acquire any Subsidiary without prior consent of
                  the
                  Bank.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 27pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Representations
                  and Warranties by the Borrower. </strong>To induce the Bank to enter into
                  this agreement and to extend credit or other financial accommodations
                  under the Credit Facilities, the Borrower represents and warrants
                  as of
                  the date of this agreement and as of the date of each request for
                  credit
                  under the Credit Facilities that each of the following statements
                  is and
                  shall remain true and correct throughout the term of this agreement
                  and
                  until all Credit Facilities and all amounts owing under the Notes
                  and
                  other Related Documents are paid in full. The Borrower represents
                  that:
                  (a) the execution and delivery of this agreement and the Notes,
                  and the
                  performance of the obligations they impose, do not violate any
                  law,
                  conflict with any agreement by which it is bound, or require the
                  consent
                  or approval of any governmental authority or other third party,
                  (b) this
                  agreement and the Notes are valid and binding agreements, enforceable
                  according to their terms, (c) all balance sheets, profit and loss
                  statements, and other financial statements and other information
                  furnished
                  to the Bank in connection with the Liabilities are accurate and
                  fairly
                  reflect the financial condition of the organizations and persons
                  to which
                  they apply on their effective dates, including contingent liabilities
                  of
                  every type, which financial condition has not changed materially
                  and
                  adversely since those dates, (d) no litigation, claim, investigation,
                  administrative proceeding or similar action (including those for
                  unpaid
                  taxes) against the Borrower is pending or threatened, and no other
                  event
                  has occurred which may in any one case or in the aggregate materially
                  adversely affect the Borrower's financial condition and properties,
                  other
                  than litigation, claims, or other events, if any, that have been
                  disclosed
                  to and acknowledged by the Bank in writing, (e) all of the Borrower's
                  tax
                  returns and reports that are or were required to be filed, have
                  been
                  filed, and all taxes, assessments and other governmental charges
                  have been
                  paid in full, except those presently being contested by the Borrower
                  in
                  good faith and for which adequate reserves have been provided,
                  (f) the
                  Borrower is not an "investment company" or a company "controlled"
                  by an
                  "investment company", within the meaning of the Investment Company
                  Act of
                  1940, as amended, (g) the Borrower is not a "holding company",
                  or a
                  "subsidiary company" of a "holding company" or an "affiliate" of
                  a
                  "holding company" or of a "subsidiary company" of a "holding company"
                  within the meaning of the Public Utility Holding Company Act of
                  1935, as
                  amended, (h) there are no defenses or counterclaims, offsets or
                  adverse
                  claims, demands or actions of any kind, personal or otherwise,
                  that the
                  Borrower could assert with respect to this agreement or the Credit
                  Facilities, (i) the Borrower owns, or is licensed to use, all trademarks,
                  trade names, copyrights, technology, know-how and processes necessary
                  for
                  the conduct of its business as currently conducted, and (j) no
                  part of the
                  proceeds of the Credit Facilities will be used for "purchasing"
                  or
                  "carrying" any "margin stock" within the respective meanings of
                  each of
                  the quoted terms under Regulation U of the Board of Governors of
                  the
                  Federal Reserve System of the United States (the "Board") as now
                  and from
                  time to time hereafter in effect or for any purpose which violates
                  the
                  provisions of any regulations of the Board. The Borrower, other
                  than a
                  natural person, further represents that: (a) it is duly organized
                  and
                  validly existing under the laws of the state where it is organized
                  and is
                  in good standing in its state of organization and each stale where
                  it is
                  doing business, and (b) the execution and delivery of this agreement
                  and
                  the Notes and the performance of the obligations they impose (i)
                  are
                  within its powers, (ii) have been duly authorized by all necessary
                  action
                  of its governing body, and (iii) do not contravene the terms of
                  its
                  articles of incorporation or organization, its by-laws, or any
                  partnership, operating or other agreement governing its
                  affairs.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 27pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>7.</strong></font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Default/Remedies.
                  </strong>If any of the Credit Facilities are not paid at maturity,
                  whether
                  by acceleration or otherwise, or if a default by anyone occurs
                  under the
                  terms of this agreement, the Notes or any other Related Documents,
                  then
                  the Bank shall have all of the rights and remedies provided by
                  any law,
                  equity or agreement. Events of default shall include but not be
                  limited to
                  the following, which must be received and/or satisfied, which
                  determination shall be at the sole discretion of the Bank, within
                  60 days
                  of closing: (1) receipt and review of the documentation for the
                  removal
                  and closure of the petroleum underground storage tank on the subject
                  property; and (2) receipt and review of an
                  appraisal.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Miscellaneous.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.1</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Notice.
                  </strong>Any notices and demands under or related to this document
                  shall
                  be in writing and delivered to the intended party at its address
                  stated
                  herein, and if to the Bank, at its main office if no other address
                  of the
                  Bank is specified herein, by one of the following means: (a) by
                  hand, (b)
                  by a nationally recognized overnight courier service, or (c) by
                  certified
                  mail, postage prepaid, with return receipt requested. Notice shall
                  be
                  deemed given: (a) upon receipt if delivered by hand, (b) on the
                  Delivery
                  Day after the day of deposit with a nationally recognized courier
                  service,
                  or (c) on the third Delivery Day after the notice is deposited
                  in the
                  mail. "Delivery Day" means a day other than a Saturday, a Sunday
                  or any
                  other day on which national banking associations are authorized
                  to be
                  closed. Any party may change its address for purposes of the receipt
                  of
                  notices and demands by giving notice of such change in the manner
                  provided
                  in this provision.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.2</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>No
                  Waiver. </strong>No delay on the part of the Bank in the exercise of any
                  right or remedy waives that right or remedy. No single or partial
                  exercise
                  by the Bank of any right or remedy precludes any other future exercise
                  of
                  it or the exercise of any other right or remedy. No waiver or indulgence
                  by the Bank of any default is effective unless it is in writing
                  and signed
                  by the Bank, nor shall a waiver on one occasion bar or waive that
                  right on
                  any future occasion.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.3</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Integration.</strong>
                  This agreement, the Notes, and the other Related Documents to the
                  Credit
                  Facilities embody the entire agreement and understanding between
                  the
                  Borrower and the Bank and supersede all prior agreements and
                  understandings relating to their subject matter. If any one or
                  more of the
                  obligations of the Borrower under this agreement or the Notes is
                  invalid,
                  illegal or unenforceable in any jurisdiction, the validity, legality
                  and
                  enforceability of the remaining obligations of the Borrower shall
                  not in
                  any way be affected or impaired, and the invalidity, illegality
                  or
                  unenforceability in one jurisdiction shall not affect the validity,
                  legality or enforceability of the obligations of the Borrower under
                  this
                  agreement, the Notes and the other Related Documents in any other
                  jurisdiction.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.4</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Joint
                  and Several Liability. </strong>Each party executing this agreement as the
                  Borrower is individually, jointly and severally liable under this
                  agreement.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.5</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Governing
                  Law and Venue. </strong>This agreement shall be governed by and construed
                  in accordance with the laws of the State of Texas (without giving
                  effect
                  to its laws of conflicts). The Borrower agrees that any legal action
                  or
                  proceeding with respect to any of its obligations under this agreement
                  may
                  be brought by the Bank in any state or federal court located in
                  the State
                  of Texas, as the Bank in its sole discretion may elect. By the
                  execution
                  and delivery of this agreement, the Borrower submits to and accepts,
                  for
                  itself and in respect of its property, generally and unconditionally,
                  the
                  non-exclusive jurisdiction of those courts. The Borrower waives
                  any claim
                  that the State of Texas is not a convenient forum or the proper
                  venue for
                  any such suit, action or
                  proceeding.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.6</strong></font></div>
              </td>
              <td>
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Captions.
                  </strong>Section headings are for convenience of reference only
                  and do not
                  affect the interpretation of
                  this<strong>&#160;</strong>agreement.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.7</strong></font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Survival
                  of</strong><strong>Representations and Warranties. </strong>The Borrower
                  understands and agrees that in extending the Credit<font style="DISPLAY: inline; FONT-FAMILY: Arial, Arial, sans-serif;">&#160;</font>Facilities,
                  the Bank is relying on all representations, warranties, and covenants
                  made
                  by the Borrower in this agreement or in any certificate or other
                  instrument delivered by the Borrower to the Bank under this agreement.
                  The
                  Borrower further agrees that regardless of any investigation made
                  by the
                  Bank, all such representations, warranties and covenants will survive
                  the
                  making of the Credit Facilities and delivery to the Bank of this
                  agreement, shall be continuing in nature, and shall remain in full
                  force
                  and effect until such time as the Borrower's indebtedness to the
                  Bank
                  shall be paid in full.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.8</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Non-Liability
                  of the Bank. </strong>The relationship between the Borrower and the Bank
                  created by this agreement is strictly a debtor and creditor relationship
                  and not fiduciary in nature, nor is the relationship to be construed
                  as
                  creating any partnership or joint venture between the Bank and
                  the
                  Borrower. The Borrower is exercising the Borrower's own judgement
                  with
                  respect to the Borrower's business. All information supplied to
                  the Bank
                  is for the Bank's protection only and no other party is entitled
                  to rely
                  on such information. There is no duty for Bank to review, inspect,
                  supervise or inform the Borrower of any matter with respect to
                  the
                  Borrower's business. The Bank and the Borrower intend that the
                  Bank may
                  reasonably rely on all information supplied by the Borrower to
                  the Bank,
                  together with all representations and warranties given by the Borrower
                  to
                  the Bank, without investigation or confirmation by the Bank and
                  that any
                  investigation or failure to investigate will not diminish the Bank's
                  right
                  to so rely.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.9</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Indemnification
                  of the Bank. </strong>The Borrower agrees to indemnify, defend and hold
                  the Bank, its parent companies, subsidiaries, affiliates, their
                  respective
                  successors and assigns and each of their respective shareholders,
                  directors, officers, employees and agents (collectively, the "Indemnified
                  Persons") harmless from any and against any and all loss, liability,
                  obligation, damage, penalty, judgment, claim, deficiency, expense,
                  interest, penalties, attorneys' fees (including the fees and expenses
                  of
                  attorneys engaged by the Indemnified Person at the Indemnified
                  Person's<strong>&#160;</strong>reasonable discretion) and amounts paid in
                  settlement ("Claims") to which any Indemnified Person may become
                  subject
                  arising out of or relating to this agreement or the Collateral,
                  <strong>including any Claims resulting from any Indemnified Person's
                  own
                  negligence, </strong>except to the limited extent that the Claims are
                  proximately caused by the Indemnified Person's gross negligence
                  or willful
                  misconduct. The indemnification provided for in this paragraph
                  shall
                  survive the termination of this agreement and shall not be affected
                  by the
                  presence, absence or amount of or the payment or nonpayment of
                  any claim
                  under, any insurance.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.10</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Counterparts.
                  </strong>This agreement may be executed in multiple counterparts,
                  each of
                  which, when so executed, shall be deemed an original, but all such
                  counterparts, taken together, shall constitute one and the same
                  agreement.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.11</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Sole
                  Discretion of the Bank. </strong>Whenever the Bank's consent or approval
                  is required under this agreement, the decision as to whether or
                  not to
                  consent or approve shall be in the sole and exclusive discretion
                  of the
                  Bank and the Bank's decision shall be final and
                  conclusive.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.12</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Advice
                  of Counsel. </strong>The Borrower acknowledges that it has been advised by
                  counsel, or had the opportunity to be advised by counsel, in the
                  negotiation, execution and delivery of this agreement and any Related
                  Documents.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.13</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Recovery
                  of Additional Costs</strong>. If the imposition of or any change in any
                  law, rule, regulation, or guideline, or the interpretation or application
                  of any thereof by any court or administrative or governmental authority
                  (including any request or policy not having the force of law) shall
                  impose, modify, or make applicable any taxes (except federal, state,
                  or
                  local income or franchise taxes imposed on the Bank), reserve
                  requirements, capital adequacy requirements, or other obligations
                  which
                  would (A) increase the cost to the Bank for extending or maintaining
                  the
                  Credit Facilities, (B) reduce the amounts payable to the Bank under
                  the
                  Credit Facilities, or (C) reduce the rate of return on the Bank's
                  capital
                  as a consequence of the Bank's obligations with respect to the
                  Credit
                  Facilities, then the Borrower agrees to pay the Bank such additional
                  amounts as will compensate the Bank therefor, within five (5) days
                  after
                  the Bank's written demand for such payment. The Bank's demand shall
                  be
                  accompanied by an explanation of such imposition or charge and
                  a
                  calculation in reasonable detail of the additional amounts payable
                  by the
                  Borrower, which explanation and calculations shall be conclusive
                  in the
                  absence of manifest error.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.14</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Conflicting
                  Terms. </strong>Ifthis agreement is inconsistent with
                  any provision in any other Related Documents, the Bank shall determine,
                  in
                  the Bank's sole and absolute discretion, which of the provisions
                  shall
                  control any such
                  inconsistency.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.15</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Expenses.</strong>
                  The Borrower agrees to pay or reimburse the Bank for all its out-of-pocket
                  costs and expenses and reasonable attorneys' fees incurred in connection
                  with the development, preparation and execution of, and in connection
                  with
                  the enforcement or preservation of any rights under, this agreement,
                  any
                  amendment, supplement, or modification thereto, and any other documents
                  prepared in connection herewith or therewith. These costs and expenses
                  include without limitation any costs or expenses incurred by the
                  Bank in
                  any bankruptcy, reorganization, insolvency or other similar
                  proceeding.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 27pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>9.</strong></font></div>
              </td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>USA
                  PATRIOT ACT NOTIFICATION. </strong>The following notification is provided
                  to Borrower pursuant to Section 326 of the <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">USA
                  Patriot Act of 2001,31 U.S.C. Section
                  5318:</font></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">IMPORTANT
        INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government
        fight the funding of terrorism and money laundering activities, Federal law
        requires all financial institutions to obtain, verify, and record information
        that identifies each person or entity that opens an account, including any
        deposit account, treasury management account, loan, other extension of credit,
        or other financial services product. What this means for Borrower: When Borrower
        opens an account, if Borrower is an individual Bank will ask for Borrower's
        name, taxpayer identification number, residential address, date of birth,
        and
        other information that will allow Bank to identify Borrower, and if Borrower
        is
        not an individual Bank will ask for Borrower's name, taxpayer identification
        number, business address, and other information that will allow Bank to identify
        Borrower. Bank may also ask, if Borrower is an individual to see Borrower's
        driver's license or other identifying documents, and if Borrower is not an
        individual to see Borrower's legal organizational documents or other identifying
        documents.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>(This
        space intentionally left blank)</em></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WAIVER
                  OF SPECIAL DAMAGES. </strong>THE BORROWER WAIVES, TO THE MAXIMUM EXTENT
                  NOT PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM
                  OR
                  RECOVER FROM THE BANK IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL,
                  EXEMPLARY, PUNITIVE OR CONSEQUENTIAL
                  DAMAGES.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 27pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>11.</strong></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>JURY
                  WAIVER. </strong>THE BORROWER AND THE BANK HEREBY VOLUNTARILY, KNOWINGLY,
                  IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY
                  PARTICIPATE
                  IN RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE)
                  BETWEEN THE BORROWER AND THE BANK ARISING OUT OF OR IN ANY WAY
                  RELATED TO
                  THIS DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT TO THE BANK
                  TO
                  PROVIDE THE FINANCING DESCRIBED
                  HEREIN.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>THIS
        AGREEMENT AND THE OTHER WRITTEN RELATED DOCUMENTS REPRESENT THE FINAL AGREEMENT
        BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
        CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
        PARTIES.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>THERE
        ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td colspan="2" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Address(es)
                  for Notices:</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" colspan="4" valign="top" width="50%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Borrower:</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" colspan="4" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="left" colspan="2" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">3847
                    East Loop 820 South </font></div>
                </td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td colspan="4" valign="top" width="50%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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              <tr>
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              <tr>
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                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="4%">
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                <td colspan="3" valign="top" width="46%">
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              </tr>
              <tr>
                <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Attn:</font></td>
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                <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td colspan="2" valign="top" width="26%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <tr>
                <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px">
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                  Ron C. Morgan</font></td>
                <td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <tr>
                <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
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              </tr>
              <tr>
                <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="22%">
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                    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Printed
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                  </div>
                </td>
                <td align="left" valign="top" width="20%">
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              </tr>
              <tr>
                <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="22%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          </table>
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        <div align="center">
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              <tr bgcolor="white">
                <td width="54%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;
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                <td width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font size="2">Date
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                <td width="31%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">07-31-07</font></td>
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          </table>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div>&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td colspan="2" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Address(es)
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                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" colspan="4" valign="top" width="50%">
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                </td>
              </tr>
              <tr>
                <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" colspan="4" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="left" colspan="2" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">420
                    Throckmorton, Suite 400</font></div>
                </td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td colspan="4" valign="top" width="50%">
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                    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">JPMorgan
                      Chase Bank, N.A.&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></div>
                  </div>
                </td>
              </tr>
              <tr>
                <td align="left" colspan="2" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Fort
                  Worth, TX 76102&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td colspan="4" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td colspan="2" valign="top" width="26%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                    <div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                    </div>
                  </div>
                </td>
                <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Attn:</font></td>
                <td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></font></td>
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                  Jennifer C. Baggs</font></font></td>
                <td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" colspan="2" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Jennifer
                    C. Baggs</font></div>
                </td>
                <td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Vice
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                </td>
              </tr>
              <tr>
                <td valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td colspan="2" valign="top" width="26%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Printed
                  Name</font></td>
                <td align="left" valign="top" width="20%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">
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                  </div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="22%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
                </td>
                <td align="left" valign="top" width="20%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                </td>
              </tr>

          </table>
        </div>
        <div align="center">
          <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

              <tr bgcolor="white">
                <td width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;
                  </font></td>
                <td width="15%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font size="2">Date
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                <td width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">07-31-07</font></td>
              </tr>

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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div>&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">&#160;7
        </font>
        <div>
          <hr style="COLOR: black" align="left" noshade size="2" width="100%">
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</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10_3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<html>

  <head>
    <title>ex10_3.htm</title>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
          <hr style="COLOR: black" align="left" noshade size="4" width="100%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><a name="ex10-3">PREPARED
        BY:</a></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Jennifer
        Neville</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">WHEN
        RECORDED RETURN TO:</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Commercial
        Loan Services</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">KY1-4340</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">P.O.
        Box
        33035</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Louisville,
        KY 40232-3035</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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            <tr>
              <td valign="top" width="50%">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;<img src="logo2.jpg" alt=""></font></div>
              </td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Deed
                  Of Trust</strong>,</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Assignment
                  of Leases and Rents</strong>,</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Security
                  Agreement and Financing
                  Statemen</strong>t</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>NOTICE
        OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR
        STRIKE
        ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS
        AN
        INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS:
        YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE
        NUMBER.</strong></font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">THIS
          DEED
          OF TRUST is dated as of July 31, 2007, among The Leather Factory, L.P.,
          whose
          address is 3847 East Loop 820 South, Fort Worth, TX 76119-4388 (the "Trustor"),
          Randall B. Durant, whose address is 700 North Pearl St., 8th Fl., Dallas,
          Texas
          75201-7424 (the "Trustee") and JPMorgan Chase Bank, N.A., whose address
          is 420
          Throckmorton, Suite 400, Fort Worth, TX 76102, and its successors and assigns
          (the "Beneficiary").</font></div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
          Trustor irrevocably GRANTS, TRANSFERS, CONVEYS AND ASSIGNS to the Trustee,
          in
          trust, with power of sale, for the benefit of the Beneficiary, all of the
          Trustor's right, title and interest, now owned or hereafter acquired, in
          the
          "Premises." The Premises includes the following:</font></div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        real
        property, and all the existing or subsequently affixed or erected buildings,
        structures and improvements on it, described as:</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        Located in the City of Ft. Worth, County of Tarrant, State of
        Texas:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <div align="center">
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              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">TRACT
                    1:</font></div>
                </td>
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              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Block
                    1, CAMPUS INDUSTRIAL PARK, an Addition to the City of Fort Worth,
                    Tarrant
                    County, Texas, according to plat recorded in Volume 38849, Page
                    61, Deed
                    Records of Tarrant County, Texas.</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">TRACT
                    II:</font></div>
                </td>
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              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">A
                    tract of land out of the S. WOODY SURVEY, Abstract No. 1638,
                    Tarrant
                    County, Texas, and being more particularly described as
                    follows:</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Being
                    a tract of land situated in the Samuel Woody Survey, Abstract
                    No. 1638, in
                    the City of Fort Worth, Tarrant County, Texas, being that same
                    tract of
                    land conveyed to Standard Motor Products, Inc. by deed recorded
                    in Volume
                    13156, Page 311 of the Deed Records of Tarrant County, Texas,
                    and being
                    more particularly described by metes and bounds as
                    follows:</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Beginning
                    at a 5/8 inch iron rod found for corner in the Northeast line
                    of a tract
                    of land conveyed to Texas Electric Service Company by deed recorded
                    in
                    Volume 2574, Page 545 of the Deed Records of Tarrant County,
                    Texas, said
                    point being the South corner of Block 1 of Campus Industrial
                    Park, an
                    addition to the City of Fort Worth, Tarrant County, Texas, according
                    to
                    the plat thereof recorded in Volume 388-49, Page 61 of the Deed
                    Records of
                    Tarrant County, Texas, same being the West corner of herein described
                    tract;</font></div>
                </td>
              </tr>

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        </div>
        <div><br></div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            <div id="GLFTR" style="WIDTH: 100%" align="left">
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          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
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          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        </div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
          <table cellpadding="0" cellspacing="0" width="60%">

              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Thence
                    North 27 Degrees 57 Minutes 23 Seconds East, along the Southeast
                    line of
                    said addition, a distance of 697.28 feet to a 5/8 inch iron rod
                    found for
                    corner, said point being the West corner of Campus Business Park,
                    an
                    addition to the City of Fort Worth, Tarrant County, Texas, according
                    to
                    the plat thereof recorded in Volume 388-92, Page 6 of the Deed
                    Records of
                    Tarrant County, Texas, same being the North corner of herein
                    described
                    tract;</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="100%">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Thence
                    South 62 Degrees 00 Minutes 56 Seconds East, along the Southwest
                    line of
                    said Campus Business Park addition, passing the South corner
                    of said
                    Campus Business Park addition, same being the most northerly
                    West corner
                    of a tract of land conveyed to Campus and I-20 Joint Venture
                    by deed
                    recorded in Volume 8342, Page 68 of the Deed Records of Tarrant
                    County,
                    Texas, and continuing along the most northerly Southwest line
                    of said
                    Campus and I-20 Joint Venture tract, for a total distance of
                    329.88 feet
                    to a 5/8 inch iron rod found for corner, said point being the
                    East corner
                    of herein described tract;</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Thence
                    South 27 Degrees 57 Minutes 23 Seconds West, along the most southerly
                    Northwest line of said Campus and I-20 Joint Venture tract, a
                    distance of
                    780.11 feet to a 5/8 inch iron rod found for corner, said point
                    being the
                    beginning of a non-tangent curve to the left having a delta of
                    158 Degrees
                    06 Minutes 28 Seconds, a radius of 60.00 feet and a chord bearing
                    and
                    distance of South 51 Degrees 00 Minutes 26 Seconds West, 117.82
                    feet;</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Thence,
                    in a southwesterly direction, along said curve to the left, an
                    arc length
                    of 165.57 feet to a 1/2 inch iron rod found for corner in the
                    Northeast
                    line of said Texas Electric Service Company tract, said point
                    being the
                    South corner of herein described tract;</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="100%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Thence
                    North 28 Degrees 02 Minutes 34 Seconds West, along the Northeast
                    line of
                    said Texas Electric Service Company tract, a distance of 342.27
                    feet to
                    the Point of Beginning and containing 259,182.73 square feet
                    or 5.9500
                    acres of land.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      </div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Commonly
        known as 1900
        SE Loop 820, Ft. Worth, Texas 76115;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
        easements, rights-of-way, licenses, privileges and hereditaments appurtenant
        to
        or used in connection with the Premises;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(3)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
        land
        lying in the bed of any road, street, alley or the like, opened, proposed
        or
        vacated, public or private, or any strip or gore, adjoining the
        Premises;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(4)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Subject
        to the rights of the Beneficiary under Section 11 below, all machinery,
        apparatus, equipment, fittings, fixtures and articles of personal property
        of
        every kind and nature whatsoever located now or in the future in or upon
        the
        Premises and used or useable in connection with any present or future operation
        of the Premises (the "Equipment"). It is agreed that all Equipment is part
        of
        the Premises and appropriated to the use of the real estate and, whether
        affixed
        or annexed or not, shall for the purposes of this Deed of Trust, unless the
        Beneficiary shall otherwise elect, be deemed conclusively to be real estate
        that
        has been granted, transferred, conveyed and assigned to the Trustee under
        this
        Deed of Trust;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(5)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
        mineral, coal, oil, gas and water rights, royalties, water courses, ditch
        rights, water and water stock, timber and timber rights, if any;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div id="FTR" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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          </div>
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          <div style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">2</font></div>
          <div style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
          <div id="GLHDR" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
          </div>
        </div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(6)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
        insurance, condemnation and other awards or payments, including interest,
        made
        as a result of: (a) the exercise of the right of eminent domain; (b) the
        alteration of the grade of any street; (c) any loss of or damage to any building
        or other improvement on the Premises; (d) any other injury to or decrease
        in the
        value of the Premises; (e) any refund due on account of the payment of real
        estate taxes, assessments or other charges levied against or imposed upon
        the
        Premises and (f) the reasonable attorneys' fees, and court costs;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(7)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Subject
        to the rights of the Beneficiary under Section 9 below, all present and future
        (a) leases, subleases, licenses and other agreements for the use and/or
        occupancy of the Premises, oral or written, including, without limitation,
        all
        extensions, renewals, replacements and holdovers (collectively, the "Leases")
        and (b) rents, revenues, income, issues, royalties, profits, bonuses, accounts,
        cash, security deposits, advance rents and other payments and/or benefits,
        of
        every kind or nature, derived from the Leases and/or the Premises, including,
        without limitation, the Trustor's right to enforce the Leases and to receive
        and
        collect all payments and proceeds under the Leases (collectively, the
        "Rents");</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(8)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
        rights to make divisions of the real estate comprising the Premises that
        are
        exempt from the platting requirements of all applicable land division or
        platting acts, as amended from time to time; and</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(9)&#160;&#160;&#160;
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
        licenses, contracts, permits and agreements required or used in connection
        with
        the ownership, maintenance or operation of the Premises.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor warrants that it is well and truly seized of good and marketable
        fee
        simple title to the real property comprising the Premises and it is the lawful
        owner of the personal property comprising the Premises, except for liens
        for
        taxes and assessments not yet due and payable, building and use restrictions
        of
        record, zoning ordinances, and any other encumbrances disclosed to the
        Beneficiary in writing as of the date of this Deed of Trust ("Permitted
        Encumbrances"). The Trustor shall forever warrant and defend the same unto
        the
        Beneficiary and its successors and assigns against all claims whatsoever,
        except
        for the Permitted Encumbrances. If the Premises are encumbered by Permitted
        Encumbrances, the Trustor shall perform all obligations and make all payments
        as
        required by the Permitted Encumbrances. The Trustor shall provide the
        Beneficiary copies of all writings pertaining to Permitted Encumbrances and
        the
        Beneficiary is authorized to request and receive that information from any
        other
        person without the consent or knowledge of the Trustor.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        term
        "Borrower" means the Trustor or any other person or entity liable to the
        Beneficiary under any instrument or agreement described in the definition
        of
        "Liabilities" herein, whether under any promissory note, guaranty, letter
        of
        credit application, this Deed of Trust, any other Related Documents or
        otherwise<font style="DISPLAY: inline; FONT-FAMILY: Arial, Arial, sans-serif;">.</font></font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        Deed
        of Trust secures the Liabilities.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        term
        "Liabilities" means all indebtedness, liabilities and obligations of every
        kind
        and character of each Borrower to the Beneficiary, whether the indebtedness,
        liabilities and obligations are individual, joint or several, contingent
        or
        otherwise, now or hereafter existing, including, without limitation, all
        liabilities, interest, costs and fees, arising under or from any note, open
        account, overdraft, credit card, lease, Rate Management Transaction, letter
        of
        credit application, endorsement, surety agreement, guaranty, acceptance,
        foreign
        exchange contract or depository service contract, whether payable to the
        Beneficiary or to a third party and subsequently acquired by the Beneficiary,
        any monetary obligations (including interest) incurred or accrued during
        the
        pendency of any bankruptcy, insolvency, receivership or other similar
        proceedings, regardless of whether allowed or allowable in such proceeding,
        and
        all renewals, extensions, modifications, consolidations, rearrangements,
        restatements, replacements or substitutions of any of the foregoing. The
        Trustor
        and the Beneficiary specifically contemplate that Liabilities include
        indebtedness hereafter incurred by the Borrower to the Beneficiary. The term
        "Liabilities" includes, without limitation, the following:</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)
        That
        certain Term Note, dated July 31, 2007 in the original principal amount of
        Five
        Million Five Hundred Thousand and 00/100 Dollars ($5,500,000.00), executed
        and
        delivered by The Leather Factory, L.P. and Tandy Leather Company, L.P. to
        the
        Beneficiary; and</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)
        The
        performance of all of the promises and agreements contained in this Deed
        of
        Trust.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        Deed
        of Trust shall not apply to any obligation or debt incurred for personal,
        household or family purposes unless the note or guaranty evidencing such
        personal, household or family debt expressly states that it is secured by
        this
        Deed of Trust.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        term
        "Rate Management Transaction" in this Deed of Trust means any transaction,
        (including an agreement with respect thereto) now existing or hereafter entered
        into by any Borrower and the Beneficiary, which is a rate swap, basis swap,
        forward rate transaction, commodity swap, commodity option, equity or equity
        index swap, equity or equity index option, bond option, interest rate option,
        foreign exchange transaction, cap transaction, floor transaction, collar
        transaction, forward transaction, currency swap transaction, cross-currency
        rate
        swap transaction, currency option, derivative transaction or any other similar
        transaction (including any option with respect to any of these transactions)
        or
        any combination thereof, whether linked to one or more interest rates, foreign
        currencies, commodity prices, equity prices or other financial
        measures.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          </div>
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        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        term
        "Related Documents" in this Deed of Trust means all loan agreements, credit
        agreements, reimbursement agreements, security agreements, mortgages, deeds
        of
        trust, pledge agreements, assignments, guaranties, or any other instrument
        or
        document executed in connection with any of the Liabilities.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor promises and agrees with the Beneficiary that each of the following
        is
        true and will remain true until termination of this Deed of Trust and full
        and
        final payment of all Liabilities:</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.</strong>&#160;&#160;&#160;&#160;
        <strong>Payment of Liabilities; Performance of Obligations. </strong>The Trustor
        shall promptly pay when due, whether by acceleration or otherwise, the
        Liabilities for which the Trustor is liable, and shall promptly perform all
        obligations to which the Trustor has agreed under the terms of this Deed
        of
        Trust and any of the other Related Documents.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.</strong>&#160;&#160;&#160;&#160;
        <strong>Taxes and Liens. </strong>The Trustor shall pay, when due, before any
        interest, collection fees or penalties shall accrue, all taxes, assessments,
        fines, impositions, and other charges which may become a lien prior to this
        Deed
        of Trust. Should the Trustor fail to make those payments, the Beneficiary
        may at
        its option and at the expense of the Trustor, pay the amounts due for the
        account of the Trustor. Upon the request of the Beneficiary, the Trustor
        shall
        immediately furnish to the Beneficiary all notices of amounts due and receipts
        evidencing payment. The Trustor shall promptly notify the Beneficiary of
        any
        lien on all or any part of the Premises and shall promptly discharge any
        unpermitted lien or encumbrance.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.</strong>&#160;&#160;&#160;&#160;
        <strong>Change in Taxes. </strong>In the event of the passage of any law or
        regulation, state, federal or municipal, subsequent to the date of this Deed
        of
        Trust, which changes or modifies the laws now in force governing the taxation
        of
        mortgages, deeds of trust or debts secured by mortgages or deeds of trust,
        or
        the manner of collecting those taxes, the Liabilities shall become due and
        payable immediately at the option of the Beneficiary.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.</strong>&#160;&#160;&#160;&#160;&#160;<strong>Insurance.
        </strong>The Trustor shall keep the Premises and the present and future
        buildings and other improvements (the "Improvements") on the Premises
        continuously insured for the benefit of the Beneficiary, at replacement cost
        for
        the full insurable value, without any reduction based upon the Trustor's
        acts,
        against fire and such other hazards and risks customarily covered by the
        standard form of extended coverage endorsement available in the state where
        the
        Premises are located, including risks of vandalism and malicious mischief.
        The
        Trustor shall further at all times provide flood insurance covering all
        Improvements and tangible personal property, if any, located on the Premises,
        if
        the Premises are at any time determined by the Beneficiary to be situated
        in an
        area designated as a Special Flood Hazard Area under the Flood Disaster
        Protection Act of 1973, as amended by the National Flood Insurance Reform
        Act of
        1994 and regulations issued under it (the "Flood Insurance Act"). Such flood
        insurance policy shall be in the amount required by the Beneficiary (which
        may
        exceed the amount required under the Flood Insurance Act) and include a
        non-contributing mortgagee clause naming the Beneficiary as mortgagee. The
        Trustor shall additionally provide such other appropriate insurance as the
        Beneficiary may require from time to time. All insurance policies and renewals
        must be in form and substance acceptable to the Beneficiary, must provide
        for
        payment to the Beneficiary in the event of loss, regardless of any act or
        omission by the Trustor, must require thirty (30) days notice to the Beneficiary
        in the event of nonrenewal or cancellation and must be delivered to the
        Beneficiary within thirty (30) days prior to their respective effective dates.
        Should the Trustor fail to insure or fail to pay the premiums on any insurance
        or fail to deliver the policies or certificates or renewals to the Beneficiary,
        then the Beneficiary, at its option, may have the insurance written or renewed,
        and may pay the premiums, for the account of the Trustor. In the event of
        loss
        or damage, the proceeds of the insurance shall be paid to the Beneficiary
        alone.
        No loss or damage shall itself reduce the Liabilities. The Beneficiary is
        authorized to adjust and compromise a loss without the consent of the Trustor,
        to collect, receive and receipt for any proceeds in the name of the Beneficiary
        and the Trustor and to endorse the Trustor's name upon any check in payment
        of
        proceeds. The proceeds shall be applied first toward reimbursement of all
        costs
        and expenses of the Beneficiary in collecting the proceeds and then toward
        payment of the Liabilities or any portion of it, whether or not then due
        or
        payable, or the Beneficiary, at its option, may apply the proceeds, or any
        part
        of the proceeds, to the repair or rebuilding of the Premises provided that
        the
        Trustor (a) is not then or at any time during the course of restoration of
        the
        Premises in default under this Deed of Trust and (b) has complied with all
        requirements for application of the proceeds to restoration of the Premises
        as
        the Beneficiary, in its sole discretion may establish. The Trustor shall
        also
        provide and maintain comprehensive general liability insurance in such coverage
        amounts as the Beneficiary may request, with the Beneficiary being named
        as an
        additional insured on such policies. Evidence of the renewal of such liability
        insurance shall be delivered to the Beneficiary at the same time as evidence
        of
        the renewal of the property insurance required above must be delivered to
        the
        Beneficiary. If the Trustor fails to provide such liability insurance, and/or
        the renewals thereof, or fails to pay the premiums on such liability insurance
        when such premiums are due, then the Beneficiary may have such liability
        insurance written or renewed, and may pay the premiums, for the account of
        the
        Trustor.</font></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.</strong>&#160;&#160;&#160;&#160;
        <strong>Reserves for Taxes and Insurance. </strong>The Trustor shall, if
        requested by the Beneficiary, pay to the Beneficiary, at the time of and
        in
        addition to the scheduled installments of principal and/or interest due under
        the Liabilities, a sum equal to (a) the amount estimated by the Beneficiary
        to
        be sufficient to enable the Beneficiary to pay, at least thirty (30) days
        before
        they become due and payable, all taxes, assessments and other similar charges
        levied against the Premises, plus (b) the amount of the annual premiums on
        any
        policies of insurance required to be carried by the Trustor, divided by (c)
        the
        number of installments due each year ((a) and (b) are collectively referred
        to
        as the "Charges"). Upon notice at any time, the Trustor will, within ten
        (10)
        days, deposit such additional sum as may be required for the payment of
        increased Charges. These sums may be commingled with the general funds of
        the
        Beneficiary and no interest shall be payable on them, nor shall these sums
        be
        deemed to be held in trust for the benefit of the Trustor. Notwithstanding
        payment of any sums by the Trustor to the Beneficiary under the terms of
        this
        Section, the Beneficiary shall have no obligation to pay any Charges. The
        obligation of the Trustor to pay the Charges is not affected or modified
        by the
        arrangements set out in this Section. Payment by the Beneficiary on any one
        or
        more occasions of all or any part of the Charges shall not be construed as
        obligating it to pay any Charges on any other occasion. If the Beneficiary
        elects to pay any Charge, it shall not be required to do so at any time prior
        to
        the date on which penalties, interest or collection fees begin to accrue.
        If the
        Beneficiary elects to pay any premium on any policy of insurance required
        to be
        carried by the Trustor, it may do so at any time prior to the cancellation
        of
        the policy.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        the
        event of the sale of the Premises by power of sale, or of the foreclosure
        of
        this Deed of Trust as a mortgage, any of the moneys then remaining on deposit
        with the Beneficiary or its agent shall be applied against the Liabilities
        prior
        to the commencement of such sale or such foreclosure proceedings. Any default
        by
        the Trustor in the performance of the provisions of this Section shall
        constitute a default under this Deed of Trust.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.</strong>&#160;&#160;&#160;&#160;
        <strong>Waste, Abandonment. </strong>The Trustor shall not abandon the Premises,
        commit or permit waste on the Premises, or do any other act causing the Premises
        to become less valuable. The Trustor will keep the Premises in good order
        and
        repair and in compliance in all material respects with any law, regulation,
        ordinance or contract affecting the Premises and, from time to time, will
        make
        all needful and proper replacements so that all fixtures, improvements and
        Equipment will at all times be in good condition, fit and proper for their
        respective purposes. Without limitation of the foregoing, nonpayment of the
        Charges shall constitute waste. Should the Trustor fail to effect any necessary
        repairs, the Beneficiary may, at its option and at the expense of the Trustor,
        make the repairs for the account of the Trustor. The Trustor shall use and
        maintain the Premises in conformance with all applicable laws, ordinances
        and
        regulations. The Beneficiary and/or the Trustee, or their authorized agents,
        shall have the right to enter upon and inspect the Premises at all reasonable
        times. The Trustor unconditionally agrees to timely pay all fees with respect
        to
        inspections of the Premises.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>7.</strong>&#160;&#160;&#160;&#160;
        <strong>Alterations, Removal. </strong>No building, structure, improvement,
        fixture, personal property or Equipment constituting any part of the Premises
        shall be removed, demolished or substantially altered without the prior written
        consent of the Beneficiary.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.</strong>&#160;&#160;&#160;&#160;
        <strong>Payment of Other Obligations. </strong>The Trustor shall also pay all
        other obligations which may become liens or charges against the Premises
        for any
        present or future repairs or improvements made on the Premises, or for any
        other
        goods, services, or utilities furnished to the Premises and shall not permit
        any
        lien or charge of any kind securing the repayment of borrowed funds (including
        the deferred purchase price for any property) to accrue and remain outstanding
        against the Premises.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>9.</strong>&#160;&#160;&#160;&#160;
        <strong>Assignment of Leases and Rents. </strong>As additional security for the
        Liabilities, the Trustor, by executing and delivering this Deed of Trust,
        absolutely, unconditionally, irrevocably and immediately assigns, grants,
        conveys and sets over unto the Beneficiary all of the Trustor's right, title
        and
        interest in and to all Leases and Rents. Copies of existing Leases and Lease
        amendments have been delivered to the Beneficiary. The Trustor will provide
        copies of any future Leases and Lease amendments to the
        Beneficiary.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Subject
        to the license granted to the Trustor below, the Beneficiary shall have the
        complete right and authority, at any time from and after the occurrence of
        any
        default in the payment or performance of any of the Liabilities or the
        occurrence of any default under this Deed of Trust, to collect and receive
        the
        Rents. For this purpose, the Beneficiary is hereby given and granted the
        following rights, powers and authority: (a) the Beneficiary may send notices
        to
        any and all tenants of the Premises advising them of this assignment and
        directing all the Rents to be paid directly to the Beneficiary or the
        Beneficiary's agent; (b) the Beneficiary may (i) enter upon and take possession
        of the Premises, (ii) demand, collect and receive from the tenants (or from
        any
        other persons liable therefor) all of the Rents, (iii) institute and carry
        on
        all legal proceedings necessary for the protection of the Premises, including
        such proceedings as may be necessary to recover possession of the Premises
        and
        collect the Rents, (iv) remove any tenant or other persons from the Premises,
        (v) enter upon the Premises to maintain the Premises and keep the same in
        repair, and pay the costs thereof and of all services of all employees,
        including their equipment, and of all continuing costs and expenses of
        maintaining the Premises in proper repair and condition and (vi) pay all
        taxes,
        assessments and water utilities and the premiums on fire and other insurance
        effected by the Beneficiary on the Premises; (c) the Beneficiary may do any
        and
        all things necessary or advisable to execute and comply with all applicable
        laws, rules, orders, ordinances and requirements of all governmental agencies;
        (d) the Beneficiary may (i) rent or lease the whole or any part of the Premises
        for such term or terms and on such conditions as the Beneficiary may deem
        appropriate, (ii) modify, terminate or accept the surrender of any Leases
        and/or
        (iii) waive, release, discharge or compromise any Rents or any obligations
        of
        any of the tenants under any Leases; (e) the Beneficiary may make any payment,
        including necessary costs, expenses and reasonable attorneys' fees and court
        costs, or perform any action, required of the Trustor under any Lease, without
        releasing the Trustor from the obligation to do so and without notice to
        or
        demand on the Trustor; (f) the Beneficiary may engage such agent or agents
        as
        the Beneficiary may deem appropriate, either in the Beneficiary's name or
        in the
        Trustor's name, to rent and manage the Premises, including the collection
        and
        application of the Rents; and (g) the Beneficiary may do all such other things
        and acts with respect to the Premises, the Leases and the Rents as the
        Beneficiary may deem appropriate and may act exclusively and solely in the
        place
        and stead of the Trustor. The Beneficiary has all of the powers of the Trustor
        for the purposes stated above. The Beneficiary shall not be required to do
        any
        of the foregoing acts or things and the fact that the Beneficiary shall have
        performed one or more of the foregoing acts or things shall not require the
        Beneficiary to do any other specific act or thing. The foregoing rights and
        remedies of the Beneficiary are in addition to and not in limitation of the
        rights and remedies of the Trustee and/or the Beneficiary at law, in equity,
        under this Deed of Trust or under any of the other Related Documents. The
        exercise by the Beneficiary of any of the foregoing rights and remedies shall
        not constitute a cure or waiver of any default in the payment or performance
        of
        any of the Liabilities or of any default under this Deed of Trust.</font></div>
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
        Rents
        received by the Beneficiary shall be applied against the Liabilities in such
        order or manner as the Beneficiary shall elect in its sole
        discretion.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor hereby irrevocably authorizes and directs the tenants under the Leases
        to pay the Rents to the Beneficiary upon written demand by the Beneficiary,
        without further consent of the Trustor. The tenants may rely upon any written
        statement delivered by the Beneficiary to the tenants. Any such payment to
        the
        Beneficiary shall constitute payment to the Trustor under the Leases. The
        provisions of this paragraph are intended solely for the benefit of the tenants
        and shall never inure to the benefit of the Trustor or any person claiming
        through or under the Trustor, other than a tenant who has not received such
        notice. This assignment is not contingent upon any notice or demand by the
        Beneficiary to the tenants.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        assignment shall not, prior to entry upon and taking possession of the Premises
        by the Beneficiary, be deemed to constitute the Beneficiary a "mortgagee
        in
        possession", nor obligate the Beneficiary to: (a) appear in or defend any
        proceedings relating to any of the Leases, the Rents or to the Premises;
        (b)
        take any action hereunder; (c) expend any money, incur any expense or perform
        any obligation or liability under the Leases; or (d) assume any obligation
        for
        any deposits delivered to the Trustor by any tenant and not delivered to
        the
        Beneficiary.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor consents to the appointment of a receiver for the Premises, without
        notice, if this is believed necessary or desirable by the
        Beneficiary.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Rents
        constitute cash collateral as defined under federal bankruptcy law.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        assignment shall continue to be operative during the exercise of any power
        of
        sale, during any foreclosure or other proceeding taken to enforce this Deed
        of
        Trust and during any redemption period.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Until
        the
        occurrence of any default in the payment or performance of any of the
        Liabilities or the occurrence of a default under this Deed of Trust or under
        any
        loan papers related to the Liabilities the Trustor shall have a license,
        subject
        to the other covenants of the Trustor set forth in this assignment, to (a)
        remain in possession and control of the Premises, (b) operate and manage
        the
        Premises and (c) collect the Rents; provided that the granting of such license
        shall not constitute the Beneficiary's consent to the use of cash collateral
        in
        any bankruptcy proceedings. The foregoing license shall automatically and
        immediately terminate, without notice to the Trustor, upon the occurrence
        of any
        default in the payment or performance of any of the Liabilities or upon the
        occurrence of any default under this Deed of Trust or under any loan papers
        related to the Liabilities. Thereafter, the Trustor shall promptly pay or
        otherwise deliver to the Beneficiary all Rents that the Trustor may receive,
        and
        the Trustor shall hold such Rents in trust for the benefit of the Beneficiary
        until so paid or delivered to the Beneficiary.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor covenants, represents and warrants to the Beneficiary that the following
        statements are true and will remain true until the Deed of Trust is terminated
        and the Liabilities are paid in full:</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        Trustor will fulfill and perform its obligations under all the Leases and
        give
        the Beneficiary prompt notice of any default in the performance of the terms
        and
        conditions of the Leases by either the Trustor or the tenant, together with
        copies of notices sent or received by the Trustor in connection with any
        Lease;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Without
        the prior written consent of the Beneficiary, the Trustor shall not in any
        way
        (a) enter into any new Lease, (b) amend, modify, assign its interest under,
        cancel or terminate any Lease, (c) accept a surrender of any Lease, (d) accept
        any payment of Rent under any Lease more than thirty (30) days in advance
        or (e)
        waive, release, discharge or compromise any Rent or any of the tenant's
        obligations under any Lease, except that the Trustor may increase Lease rentals
        without the Beneficiary's consent;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;The
        Trustor will appear and defend or prosecute any action growing out of any
        Lease
        at the Trustor's cost and expense;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iv)&#160;&#160;&#160;&#160;&#160;
        The Beneficiary may, but shall not be required to, make any payment including
        necessary costs, expenses and reasonable attorneys' fees and court costs,
        or
        perform any action required of the Trustor under any Lease, without releasing
        the Trustor from the obligation to do so and without notice to or demand
        on the
        Trustor. The Trustor will, immediately upon demand, reimburse the Beneficiary
        for all such costs, expenses and fees, together with interest at the highest
        rate permitted by any instrument evidencing any of the Liabilities, all of
        which
        shall be added to the Liabilities;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
        Trustor has not previously assigned any of its rights under any Lease. The
        Trustor has not accepted Rent more than thirty (30) days in advance of accrual.
        There is no present default under any Lease by either the Trustor or any
        tenant.
        All existing Leases are in full force and effect and unmodified. To the best
        of
        the Trustor's knowledge, no person or entity is in possession of the Premises,
        except pursuant to a valid and fully executed Lease that has been assigned
        to
        the Beneficiary pursuant to this assignment. The Trustor owns the Leases,
        is
        entitled to receive the Rents and has authority to assign the Leases and
        the
        Rents to the Beneficiary as set forth in this assignment. The Trustor will
        enforce the tenant's obligations under their respective Leases;</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(vi)&#160;&#160;&#160;&#160;&#160;
        The Beneficiary shall not be obligated by this assignment to perform or
        discharge any obligation under any Lease; and</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(vii)&#160;&#160;&#160;&#160;&#160;The
        Trustor covenants not to execute any other assignment of the Leases or the
        Rents
        as security for any debt without the prior written consent of the
        Beneficiary.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.</strong>&#160;&#160;&#160;<strong>Assignment
        of Interest as Tenant or Purchaser. </strong>If the Trustor's interest in the
        Premises is that of a tenant or a purchaser, the Trustor also grants, transfers,
        conveys and assigns to the Beneficiary and/or the Trustee, as additional
        security for the Liabilities, all of the Trustor's right, title and interest
        in
        and to any Leases, land contracts or other agreements by which the Trustor
        is
        leasing or purchasing all or any part of the Premises, including all
        modifications, renewals and extensions, and all of the Trustor's right, title
        and interest in and to any purchase options contained in any such Leases
        or
        other agreements. The Trustor agrees to pay each installment of rent, principal
        and interest required to be paid by it under any such Lease, land contract
        or
        other agreement when each installment becomes due and payable, whether by
        acceleration or otherwise. The Trustor further agrees to pay and perform
        all of
        its other obligations under any such Lease, land contract or other
        agreement.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
        the
        Trustor defaults in the payment of any installment of rent, principal or
        interest, or in the payment or performance of any other obligation, under
        any
        such Lease, land contract or other agreement, the Beneficiary shall have
        the
        right, but not the obligation, to pay the installment or installments and
        to pay
        or perform the other obligations on behalf of and at the expense of the Trustor.
        If the Beneficiary receives a written notice of the Trustor's default under
        any
        such Lease, land contract or other agreement, the Beneficiary may rely on
        that
        notice as cause to take any action it deems necessary or reasonable to cure
        the
        default, even if the Trustor questions or denies the existence or nature
        of the
        default.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>11.</strong>&#160;&#160;&#160;<strong>Security
        Agreement. </strong>This Deed of Trust also constitutes a security agreement
        within the meaning of the Uniform Commercial Code as is in effect from time
        to
        time in the state in which the Premises is located (the "UCC"). In addition,
        to
        the extent that any Equipment or other personal property, tangible or
        intangible, that is included within the definition of the Premises, and all
        proceeds, products and supporting obligations of any of the foregoing (the
        "Collateral") is not real property but is covered by the UCC, the Trustor
        grants
        to the Beneficiary a security interest in any such Collateral. Accordingly,
        the
        Beneficiary and/or the Trustee shall each have all of the rights and remedies
        available to a secured party under the UCC.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Upon
        the
        occurrence of any default under this Deed of Trust, the Beneficiary and the
        Trustee shall have, in addition to the remedies provided by this Deed of
        Trust,
        the right to use any method of disposition of collateral authorized by the
        UCC
        with respect to any portion of the Premises subject to the UCC. The Beneficiary
        and/or the Trustee shall have the right to require the Trustor to assemble
        the
        Collateral and make it available to the Beneficiary and/or the Trustee at
        a
        place designated by the Beneficiary and/or the Trustee which is reasonably
        convenient to both parties, the right to take possession of the Collateral
        with
        or without demand and with or without process of law, and the right to sell
        and
        dispose of the Collateral and distribute the proceeds according to law. Should
        a
        default occur, the Trustor will pay to the Beneficiary and/or the Trustee
        all
        costs reasonably incurred by the Beneficiary and/or the Trustee for the purpose
        of enforcing its rights hereunder, to the extent not prohibited by law,
        including, without limitation: costs of foreclosure; costs of obtaining money
        damages; and a reasonable fee for the services of internal and outside attorneys
        employed or engaged by the Beneficiary and/or the Trustee for any purpose
        related to this security agreement, including, without limitation, consultation,
        drafting documents, sending notices or instituting, prosecuting or defending
        litigation or any proceeding. The Trustor agrees that upon default the
        Beneficiary and/or the Trustee may dispose of any of the Collateral in its
        then
        present condition, that the Beneficiary and/or the Trustee has no duty to
        repair
        or clean the Collateral prior to sale, and that the disposal of the Collateral
        in its present condition or without repair or clean-up shall not affect the
        commercial reasonableness of such sale or disposition. The Beneficiary's
        and/or
        the Trustee's compliance with any applicable state or federal law requirements
        in connection with the disposition of the Collateral will not adversely affect
        the commercial reasonableness of any sale of the Collateral. In connection
        with
        the right of the Beneficiary and/or the Trustee to take possession of the
        Collateral, the Beneficiary and/or the Trustee may, without liability on
        the
        part of the Beneficiary and/or the Trustee, take possession of any other
        items
        of property in or on the Collateral at the time of taking possession and
        hold
        them for the Trustor. If there is any statutory requirement for notice, that
        requirement shall be met if the Beneficiary and/or the Trustee sends notice
        to
        the Trustor at least ten (10) days prior to the date of the sale, disposition,
        or other event giving rise to the required notice. Upon the request of the
        Beneficiary and/or the Trustee, the Trustor shall execute and file such
        financing statements or similar records and shall take any other action
        requested by the Beneficiary and/or the Trustee to perfect and continue as
        perfected the Beneficiary's and/or the Trustee's security interests in the
        Equipment and other personal property included in the definition of the
        Premises. The Trustor shall pay (and shall reimburse the Beneficiary and/or
        the
        Trustee for) all costs, including attorneys' fees and court costs, of the
        preparation and filing of any financing statements and the taking of any
        such
        other actions. A carbon, photographic or other reproduction of this Deed
        of
        Trust is sufficient as, and can be filed as, a financing statement. The
        Beneficiary and/or the Trustee is irrevocably appointed the Trustor's
        attorney-in-fact to execute any financing statement or similar record on
        the
        Trustor's behalf covering the Equipment and other personal property, tangible
        or
        intangible, that is included within the definition of Premises. Additionally,
        if
        permitted by applicable law, the Trustor authorizes the Beneficiary and/or
        the
        Trustee to file one or more financing statements or similar records related
        to
        the security interests created by this Deed of Trust and further authorizes
        the
        Beneficiary and/or the Trustee, instead of the Trustor, to sign such financing
        statements or similar records. The Trustor shall execute and deliver, or
        cause
        to be executed and delivered, such other documents as the Beneficiary and/or
        the
        Trustee may from time to time request to perfect or to further evidence the
        security interest created in the Collateral by this Deed of Trust. The Trustor
        further represents and warrants to the Beneficiary that (a) its principal
        residence or chief executive office is at the address shown above and (b)
        the
        Trustor's name as it appears in this Deed of Trust is identical to the name
        of
        the Trustor appearing in the Trustor's organizational documents, as amended,
        including trust documents. The Trustor will not, without the Beneficiary's
        prior
        written consent, change (a) the Trustor's name, (b) the Trustor's business
        organization, (c) the jurisdiction under which the Trustor's business
        organization is formed or organized, or </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)
        the
        address of the Trustor's chief executive office or principal residence or
        of any
        additional places of the Trustor's business.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>This
        Deed of Trust shall be effective as a financing statement filed as a fixture
        filing with respect to all fixtures included within the Premises and is to
        be
        filed for record in the real property records in the Office of the County
        Clerk
        for the county or counties where the Premises (including said fixtures) are
        situated. This Deed of Trust shall also be effective as a financing statement
        covering minerals or the like (including oil and gas) and accounts subject
        to
        Subsection 9.103(e) of the Texas Business and Commerce Code and is to be
        filed
        for record in the real property records of the county where the Premises
        are
        situated. The mailing address of the Trustor and the address of the Beneficiary
        from which information concerning the security interest may be obtained are
        set
        forth on the first page of this Deed of Trust.</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.</strong>&#160;&#160;&#160;<strong>Reimbursement
        of Advances. </strong>If the Trustor fails to perform any of its obligations
        under this Deed of Trust, or if any action or proceeding is commenced which
        materially affects the Trustee's or the Beneficiary's interest in the Premises
        (including but not limited to a lien priority dispute, eminent domain, code
        enforcement, insolvency, bankruptcy or probate proceedings), then the
        Beneficiary at its sole option may make appearances, disburse sums and take
        any
        action it deems necessary to protect the Beneficiary's and/or the Trustee's
        interests (including but not limited to disbursement of reasonable attorneys'
        fees and court costs and entry upon the Premises to make repairs). Any amounts
        disbursed shall become additional Liabilities, shall be immediately due and
        payable upon notice from the Beneficiary to the Trustor, and shall bear interest
        at the highest rate permitted under any of the instruments evidencing any
        of the
        Liabilities. The Beneficiary's rights under this Section shall be in addition
        to
        all other rights and remedies of the Beneficiary and/or the Trustee under
        this
        Deed of Trust and the other Related Documents. Any action taken by the
        Beneficiary under this Section shall not be construed as curing any default
        that
        gave rise to such action by the Beneficiary.</font></div>
      <div><br></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.</strong>&#160;&#160;&#160;<strong>Due
        on Transfer. </strong>If all or any part of the Premises or any interest in the
        Premises is transferred without the Beneficiary's prior written consent,
        the
        Beneficiary may, at its sole option, declare the Liabilities to be immediately
        due and payable.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>14.</strong>&#160;&#160;&#160;<strong>No
        Additional Lien. </strong>The Trustor covenants not to execute any mortgage,
        deed of trust, security agreement, assignment of leases and rentals or other
        agreement granting a lien against the interest of the Trustor in the Premises
        without the prior written consent of the Beneficiary, and then only when
        the
        document granting that lien expressly provides that it shall be subject to
        the
        lien of this Deed of Trust for the full amount secured by this Deed of Trust
        and
        shall also be subject and subordinate to all present and future leases affecting
        the Premises.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>15.</strong>&#160;&#160;&#160;<strong>Eminent
        Domain. </strong>Notwithstanding any taking under the power of eminent domain,
        alteration of the grade of any road, alley, or the like, or other injury
        or
        damage to or decrease in value of the Premises by any public or quasi-public
        authority or corporation, the Trustor shall continue to pay the Liabilities
        in
        accordance with the terms of the Related Documents. By executing this Deed
        of
        Trust, the Trustor assigns, transfers and conveys the entire proceeds of
        any
        award or payment and any interest to the Beneficiary. The Trustor will notify
        the Beneficiary of any action or proceeding related to any taking of all
        or any
        part of the Premises, shall defend that action or proceeding in consultation
        with the Beneficiary and shall, if requested by the Beneficiary, deliver
        to the
        Beneficiary all documents and instruments that may be required to allow the
        Beneficiary to directly participate in or control such action or proceeding.
        The
        proceeds of any taking or grant in lieu of any taking shall be applied first
        toward reimbursement of all costs and expenses of the Beneficiary in collecting
        the proceeds, including reasonable attorneys' fees and court costs, and then
        toward payment of the Liabilities, whether or not then due or payable, or
        the
        Beneficiary, at its option, may apply the proceeds, or any part, to the
        alteration, restoration or rebuilding of the Premises.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>16.</strong>&#160;&#160;&#160;<strong>Environmental
        Provisions. </strong>As used herein: the term "Hazardous Substance" shall mean
        any substance, material, or waste that is (a) included within the definitions
        of
        "hazardous substances," "hazardous materials," "hazardous waste," "toxic
        substances," "toxic materials," "toxic waste," or words of similar import
        in any
        Environmental Law, (b) listed as hazardous substances by the United States
        Department of Transportation or by the Environmental Protection Agency, or
        (c)
        petroleum, petroleum-related, or a petroleum by-product, asbestos or
        asbestos-containing material, polychlorinated biphenyls, flammable, explosive,
        radioactive, freon gas, radon, or a pesticide, herbicide, or any other
        agricultural chemical. The term "Environmental Law" shall mean any federal,
        state or local law, rule, regulation, decision, policy or guideline, pertaining
        to Hazardous Substances, or protection of the environment, and all present
        and
        future amendments thereto. Except as disclosed in writing by the Trustor
        to the
        Beneficiary, the Trustor represents and warrants to the Beneficiary that
        (i)
        neither the Premises nor the Trustor are in violation of any Environmental
        Law
        applicable to the Premises, or are subject to any existing, pending or
        threatened governmental investigation pertaining to the Premises, or are
        subject
        to any remedial obligation or lien under or in connection with any Environmental
        Law, (ii) the Trustor has no actual knowledge or notice of the presence or
        release of Hazardous Substances in, on or around any part of the Premises
        or the
        soil, groundwater or soil vapor on or under the Premises, or the migration
        of
        any Hazardous Substance, from or to any other property in the vicinity of
        the
        Premises, and </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)
        the
        Trustor's intended future use of the Premises will not result in the release
        of
        any Hazardous Substance in, on or around any part of the Premises or in the
        soil, groundwater or soil vapor on or under the Premises, or the migration
        of
        any Hazardous Substance from or to any other property in the vicinity of
        the
        Premises.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor shall neither use nor permit any third party to use, generate,
        manufacture, produce, store, or release, on, under or about the Premises,
        or
        transfer to or from the Premises, any Hazardous Substance, except in compliance
        with all Environmental Laws, and shall otherwise comply, at the Trustor's
        sole
        expense and responsibility, with all Environmental Laws, provided that if
        any
        such occurrence shall nevertheless happen, the Trustor shall promptly remedy
        such condition, at its sole expense and responsibility. The Trustor shall
        not
        permit any environmental liens to be placed on any portion of the Premises.
        The
        Trustor shall promptly notify the Beneficiary in writing if (a) any of the
        representations and warranties herein are no longer accurate, (b) there may
        be
        any Hazardous Substance in, on or around the Premises or the soil, groundwater
        or soil vapor on or under the Premises, or (c) any violation of any
        Environmental Law on or affecting or otherwise in respect of the Premises
        has
        occurred. The Beneficiary and its agents shall have the right, and are hereby
        authorized, at any reasonable time to enter upon the Premises for the purposes
        of observing the Premises, taking and removing soil or groundwater samples,
        and
        conducting tests and/or site assessments on the Premises, or taking such
        other
        actions as the Beneficiary deems necessary or advisable to cleanup, remove,
        resolve, or minimize the impact of, or otherwise deal with, any Hazardous
        Substances on or affecting the Premises following receipt of any notice from
        any
        person or entity asserting the existence or possible existence of any Hazardous
        Substances pertaining to the Premises, that, if true, could jeopardize the
        Beneficiary's security for the Liabilities. All reasonable costs and expenses
        paid or incurred by the Beneficiary in the exercise of any such rights shall
        be
        secured hereby and shall be payable by the Trustor upon demand.</font></div>
      <div><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">9</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor shall indemnify and hold the Beneficiary harmless from, for and against
        any and all actions, causes of action, claims, liabilities, damages (including
        foreseeable and unforeseeable consequential damages), losses, fines, penalties,
        judgments, awards, settlements, and costs and expenses (including, without
        limitation, reasonable attorneys' fees, experts', engineers' and consultants'
        fees, and costs and expenses of investigation, testing, remediation and dispute
        resolution) (collectively referred to as "Environmental Costs") that directly
        or
        indirectly arise out of or relate in any way to: (a) Any investigation, cleanup,
        removal, remediation, or restoration work of site conditions of the Premises
        relating to Hazardous Substances; (b) Any resulting damages, harm, or injuries
        to the person or property of any third parties or to any natural resources
        involving Hazardous Substances relating to the Premises; (c) Any actual or
        alleged past or present disposal, generation, manufacture, presence, processing,
        production, release, storage, transportation, treatment, or use of any Hazardous
        Substance on, under, or about the Premises; (d) Any actual or alleged past
        or
        present violation of any Environmental Law relating to the Premises; (e)
        Any
        lien on any part of the Premises under any Environmental Law; or (f) Breach
        of
        any representation or warranty by or covenant of the Trustor herein.
        Notwithstanding anything contained herein to the contrary, the foregoing
        indemnity shall not apply to (i) matters resulting from the gross negligence
        or
        willful misconduct of the Beneficiary, or (ii) matters resulting solely from
        the
        actions of the Beneficiary taken after the Beneficiary has taken title to,
        or
        exclusive possession of the Premises, provided that, in both cases, such
        matters
        shall not arise from or be accumulated with any condition of the Premises,
        which
        condition was not caused by the Beneficiary. <strong>The foregoing indemnity is
        expressly intended to include, and does include, any Environmental Costs
        arising
        as a result of any strict liability imposed or threatened to be imposed on
        the
        Beneficiary in connection with any of the indemnified matters described in
        this
        Section or arising as a result of the negligence of the Beneficiary in
        connection with such matters</strong>. This indemnity shall continue in full
        force and effect and shall survive the payment and performance of the
        Liabilities, the release of record of the lien, or any foreclosure (or action
        in
        lieu thereof), of this Mortgage, the exercise by the Beneficiary of any other
        remedy under this Mortgage or any other document or instrument evidencing
        or
        securing the Liabilities, and any suit, proceeding or judgment against the
        Trustor by the Beneficiary hereon.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>17.</strong>&#160;&#160;&#160;<strong>Events
        of Default; Remedies. </strong>If any of the Liabilities are not paid at
        maturity, whether by acceleration or otherwise, or if a default occurs by
        anyone
        under the terms of this Deed of Trust, or any Related Documents, then the
        Beneficiary and/or the Trustee may exercise all of the rights, powers and
        remedies expressly or impliedly conferred on or reserved to them under this
        Deed
        of Trust or any other Related Document, or now or later existing at law or
        in
        equity, including without limitation the following: (i) the Beneficiary may
        declare the Liabilities to be immediately due, (ii) the Beneficiary and/or
        the
        Trustee may proceed at law or in equity to collect the Liabilities, sell
        the
        Premises by power of sale, foreclose this Deed of Trust as a mortgage or
        otherwise pursue any of their rights or remedies available at law, in equity,
        pursuant to this Deed of Trust or pursuant to any of the other Related Documents
        and (iii) the Beneficiary and/or the Trustee may exercise any of their rights,
        powers or remedies pursuant to the UCC. The Beneficiary, shall be entitled
        to
        the appointment of a receiver for the Premises as a matter of right and without
        notice (without regard to the value of the Premises) and the Trustor
        specifically consents to that appointment without notice. Without limitation,
        the receiver shall have the power to protect and preserve the Premises, operate
        the Premises prior to and during any foreclosure proceedings, to collect
        the
        Rents and apply the proceeds, over and above the costs of the receivership,
        to
        the Liabilities. The receiver shall serve without bond, if permitted by
        law.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Upon
        the
        occurrence of a default hereunder, the Trustee, his successor or substitute,
        is
        authorized and empowered and it shall be the Trustee's special duty at the
        request of the Beneficiary to sell the Premises or any part thereof in
        accordance with the procedures and requirements of Texas Property Code &#167;51.002
        as then existing. After each sale, the Trustee shall make to the purchaser
        or
        purchasers at such sale good and sufficient conveyances in the name of the
        Trustor, conveying the property so sold to the purchaser or purchasers in
        fee
        simple with general warranty of title, and shall receive the proceeds of
        said
        sale or sales and apply the same as herein provided. Any and all statements
        of
        fact or other recitals made in any deed or deeds given by the Trustee or
        any
        successor or substitute appointed hereunder related to the Liabilities or
        the
        exercise of rights and remedies by the Beneficiary hereunder, or as to the
        refusal, failure or inability to act of the Trustee or any substitute or
        successor, shall be taken as prima facie evidence of the truth of the facts
        so
        stated and recited. The Trustee, his successor or substitute, may appoint
        or
        delegate any one or more persons as agent to perform any act or acts necessary
        or incident to any sale held by the Trustee, including, without limitation,
        the
        posting of notices and the conducting of sales, but in the name and on behalf
        of
        the Trustee, his successor or substitute.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        proceeds of any sale of the Premises, whether by power of sale or foreclosure,
        shall be retained by the Beneficiary, up to the amount due on the Liabilities,
        including costs of sale and any environmental remediation or other costs
        and
        expenses incurred by the Beneficiary and/or the Trustee in connection with
        the
        Liabilities and/or the Premises, including without limitation, attorneys'
        fees
        and court costs. By executing this Deed of Trust, the Trustor waives, in
        the
        event of a sale of the Premises by power of sale, a foreclosure of this Deed
        of
        Trust as a mortgage or the enforcement by the Beneficiary and/or the Trustee
        of
        any other rights and remedies in this Deed of Trust, any right otherwise
        available in respect to marshalling of assets which secure the Liabilities
        or to
        require the Beneficiary or the Trustee to pursue their remedies against any
        other such assets. The Trustor waives all errors and imperfections in any
        proceedings instituted by the Beneficiary and/or the Trustee to enforce any
        of
        their rights and remedies. The exercise of any one right or remedy by the
        Beneficiary and/or the Trustee under this Deed of Trust or any of the other
        Related Documents shall not impair or waive the Beneficiary's and/or the
        Trustee's right to exercise any other rights or remedies available to either
        of
        them at law, in equity, under this Deed of Trust or under any of the other
        Related Documents, all such rights and remedies being cumulative. All fees,
        costs and expenses incurred by the Beneficiary and/or the Trustee in pursuing
        or
        enforcing their rights and remedies at law, in equity, under this Deed of
        Trust
        or under any of the other Related Documents, whether or not a lawsuit or
        legal
        action is filed, including attorneys' and paralegals' fees, shall be payable
        by
        the Trustor to the Beneficiary on demand and shall be secured by this Deed
        of
        Trust.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div id="FTR" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">10</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>18.&#160;&#160;
        Pledge.</strong> If the Trustor is not liable for all or any part of the
        Liabilities, then the Trustor agrees that:</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
                  any moneys become available from any source other than the Premises
                  that
                  the Beneficiary can apply to the Liabilities, the Beneficiary may
                  apply
                  them in any manner it chooses, including but not limited to applying
                  them
                  against obligations, indebtedness or liabilities which are not
                  secured by
                  this Deed of Trust.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Beneficiary may take any action against the Borrower, the Premises
                  or any
                  other collateral for the Liabilities, or any other person or entity
                  liable
                  for any of the Liabilities.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">3.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Beneficiary may release the Borrower or anyone else from the Liabilities,
                  either in whole or in part, or release the Premises in whole or
                  in part or
                  any other collateral for the Liabilities, and need not perfect
                  a security
                  interest in the Premises or any other collateral for the
                  Liabilities.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Beneficiary does not have to exercise any rights that it has against
                  the
                  Borrower or anyone else, or make any effort to realize on the Premises
                  or
                  any other collateral for the Liabilities, or exercise any right
                  of
                  setoff.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Without
                  notice or demand and without affecting the Trustor's obligations
                  hereunder, from time to time, the Beneficiary is authorized to:
                  (a) renew,
                  modify, compromise, rearrange, restate, consolidate, extend, accelerate
                  or
                  otherwise change the time for payment of, or otherwise change the
                  terms of
                  the Liabilities or any part thereof, including increasing or decreasing
                  the rate of interest thereon; (b) release, substitute or add any
                  one or
                  more sureties, endorsers, or guarantors; (c) take and hold other
                  collateral for the payment of the Liabilities, and enforce, exchange,
                  substitute, subordinate, impair, waive or release any such collateral;
                  (d)
                  proceed against the Premises or any other collateral for the Liabilities
                  and direct the order or manner of sale as the Beneficiary in its
                  discretion may determine; and (e) apply any and all payments received
                  by
                  the Beneficiary in connection with the Liabilities, or recoveries
                  from the
                  Premises or any other collateral for the Liabilities, in such order
                  or
                  manner as the Beneficiary in its discretion may
                  determine.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Trustor's obligations hereunder shall not be released, diminished
                  or
                  affected by (a) any act or omission of the Beneficiary, (b) the
                  voluntary
                  or involuntary liquidation, sale or other disposition of all or
                  substantially all of the assets of the Borrower, or any receivership,
                  insolvency, bankruptcy, reorganization, or other similar proceedings
                  affecting the Borrower or any of its assets or any other obligor
                  on the
                  Liabilities or that obligor's assets, (c) any change in the composition
                  or
                  structure of the Borrower or any other obligor on the Liabilities,
                  including a merger or consolidation with any other person or entity,
                  or
                  (d) any payments made upon the
                  Liabilities.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Trustor expressly consents to any impairment of any other collateral
                  for
                  the Liabilities, including, but not limited to, failure to perfect
                  a
                  security interest and release of any other collateral for the Liabilities
                  and any such impairment or release shall not affect the Trustor's
                  obligations hereunder.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">8.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Trustor waives and agrees not to enforce any rights of subrogation,
                  contribution or indemnification that it may have against the Borrower,
                  any
                  person or entity liable on the Liabilities, or the Premises, until
                  the
                  Borrower and the Trustor have fully performed all their obligations
                  to the
                  Beneficiary, even if those obligations are not covered by this
                  Deed of
                  Trust.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">9.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Trustor waives (a) to the extent not prohibited by applicable law,
                  all
                  rights and benefits under any laws or statutes regarding sureties,
                  as may
                  be amended, (b) any right the Trustor may have to receive notice
                  of the
                  following matters before the Beneficiary enforces any of its rights:
                  (i)
                  the Beneficiary's acceptance of this Deed of Trust, (ii) incurrence
                  or
                  acquisition of any Liabilities, any credit that the Beneficiary
                  extends to
                  the Borrower, (iii) the Borrower's default, (iv) any
                  demand,&#160;&#160;intent to accelerate, diligence, presentment, dishonor
                  and protest, or (v) any action that the Beneficiary takes regarding
                  the
                  Borrower, anyone else, any other collateral for the Liabilities,
                  or any of
                  the Liabilities, which it might be entitled to by law or under
                  any other
                  agreement, (c) any right it may have to require the Beneficiary
                  to proceed
                  against the Borrower, any guarantor or other obligor on the Liabilities,
                  the Premises or any other collateral for the Liabilities, or pursue
                  any
                  remedy in the Beneficiary's power to pursue, (d) any defense based
                  on any
                  claim that the Trustor's obligations exceed or are more burdensome
                  than
                  those of the Borrower, (e) the benefit of any statute of limitations
                  affecting the Trustor's obligations hereunder or the enforcement
                  hereof,
                  (f) any defense arising by reason of any disability or other defense
                  of
                  the Borrower or by reason of the cessation from any cause whatsoever
                  (other than payment in full) of the obligation of the Borrower
                  for the
                  Liabilities, and (g) any defense based on or arising out of any
                  defense
                  that the Borrower may have to the payment or performance of the
                  Liabilities or any portion thereof. The Beneficiary may waive or
                  delay
                  enforcing any of its rights without losing them. Any waiver affects
                  only
                  the specific terms and time period stated in the
                  waiver.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">11</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">10.</font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Trustor agrees that to the extent any payment or transfer is received
                  by
                  the Beneficiary in connection with the Liabilities, and all or
                  any part of
                  such payment or transfer is subsequently invalidated, declared
                  to be
                  fraudulent or preferential, set aside or required to be transferred
                  or
                  repaid by the Beneficiary or paid over to a trustee, receiver or
                  any other
                  person or entity, whether under any bankruptcy act or otherwise
                  (any of
                  those payments or transfers is hereinafter referred to as a "Preferential
                  Payment"), then this Deed of Trust shall continue to be effective
                  or shall
                  be reinstated, as the case may be, even if all Liabilities have
                  been paid
                  in full, and whether or not the Beneficiary is in possession of
                  this Deed
                  of Trust or whether this Deed of Trust has been marked paid, cancelled,
                  released or returned to the Trustor, and, to the extent of the
                  payment or
                  repayment or other transfer by the Beneficiary, the Liabilities
                  or part
                  intended to be satisfied by the Preferential Payment shall be revived
                  and
                  continued in full force and effect as if the Preferential Payment
                  had not
                  been made. If this Deed of Trust must be reinstated, the Trustor
                  agrees to
                  execute and deliver to the Beneficiary any new deeds of trust and
                  agreements, if necessary or if requested by the Beneficiary, in
                  form and
                  substance acceptable to the Beneficiary, covering the
                  Premises.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">11.</font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Trustor agrees to fully cooperate with the Beneficiary and not
                  to delay,
                  impede or otherwise interfere with the efforts of the Beneficiary
                  to
                  secure payment from the assets which secure the Liabilities including
                  actions, proceedings, motions, orders, agreements or other matters
                  relating to relief from automatic stay, abandonment of property,
                  use of
                  cash collateral and sale of the Beneficiary's collateral free and
                  clear of
                  all liens.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">12.</font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Trustor has (a) without reliance on the Beneficiary or any information
                  received from the Trustor and based upon the records and information
                  the
                  Trustor deems appropriate, made an independent investigation of
                  the
                  Borrower, the Borrower's business, assets, operations, prospects
                  and
                  condition, financial or otherwise, and any circumstances that may
                  bear
                  upon those transactions, the Borrower or the obligations, liabilities
                  and
                  risks undertaken pursuant to this agreement; (b) adequate means
                  to obtain
                  from the Borrower on a continuing basis information concerning
                  the
                  Borrower and the Beneficiary has no duty to provide any information
                  concerning the Borrower or other obligor on the Liabilities to
                  the
                  Trustor; (c) full and complete access to the Borrower and any and
                  all
                  records relating to any Liabilities now or in the future owing
                  by the
                  Borrower; (d) not relied and will not rely upon any representations
                  or
                  warranties of the Trustor not embodied in this agreement or any
                  acts taken
                  by the Trustor prior to or after the execution or other authentication
                  and
                  delivery of this agreement (including but not limited to any review
                  by the
                  Trustor of the business, assets, operations, prospects and condition,
                  financial or otherwise, of the Borrower); and (e) determined that
                  the
                  Trustor will receive benefit, directly or indirectly, and has or
                  will
                  receive fair and reasonably equivalent value, for the execution
                  and
                  delivery of this agreement and the rights provided to the Beneficiary.
                  By
                  entering into this agreement, the Trustor does not intend: (i)
                  to incur or
                  believe that the Trustor will incur debts that would be beyond
                  the
                  Trustor's ability to pay as those debts mature; or (ii) to hinder,
                  delay
                  or defraud any creditor of the Trustor. The Trustor is neither
                  engaged in
                  nor about to engage in any business or transaction for which the
                  remaining
                  assets of the Trustor are unreasonably small in relation to the
                  business
                  or transaction, and any property remaining with the Trustor after
                  the
                  execution or other authentication of this agreement is not unreasonably
                  small capital.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td align="left" style="WIDTH: 18pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">13.</font></div>
              </td>
              <td align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Without
                  limiting any foregoing waiver, consent or agreement, the Trustor
                  further
                  waives all rights, if any, of the Trustor under Rule 31, Texas
                  Rules of
                  Civil Procedure, or Chapter 34 of the Texas Business and Commerce
                  Code, or
                  Section </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">17.001
                  of the Texas Civil Practice and Remedies Code; and (i) to the extent
                  the
                  Trustor is subject to the Texas Revised Partnership Act ("TRPA")
                  or
                  Section 152.306 of the Texas Business Organizations Code ("BOC"),
                  compliance by the Trustor with Section 3.05(d) of TRPA and Section
                  152.306(b) of BOC.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>19.</strong>&#160;&#160;&#160;<strong>Representations
        by the Trustor. </strong>Each Trustor represents that: (a) it owns the Premises
        in fee title subject only to the Permitted Encumbrances; (b) the execution
        and
        delivery of this Deed of Trust and the performance of the obligations it
        imposes
        do not violate any law, conflict with any agreement by which it is bound
        or
        require the consent or approval of any governmental authority or any third
        party; (c) this Deed of Trust is a valid and binding agreement enforceable
        according to its terms; (d) any balance sheets, profit and loss statements,
        and
        other financial statements furnished to the Beneficiary in connection with
        the
        Liabilities are accurate and fairly reflect the financial condition of the
        organizations and persons to which they apply on their effective dates,
        including contingent liabilities of every type, which financial condition
        has
        not changed materially and adversely since those dates; (e) it shall not
        permit
        any proceedings in foreclosure or otherwise that would affect the Premises,
        and
        (f) no portion of the Premises is being used as the Trustor's business or
        residential homestead. Each Trustor, other than a natural person, further
        represents that: (i) it is duly organized, validly existing and in good standing
        under the laws of the state where it is organized and in good standing in
        each
        state where it is doing business; and (ii) the execution and delivery of
        this
        Deed of Trust and the performance of the obligations it imposes (A) are within
        its powers and have been duly authorized by all necessary action of its
        governing body and (B) do not contravene the terms of its articles of
        incorporation or organization, its by-laws, or any partnership, operating
        or
        other agreement governing its affairs.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>20.</strong>&#160;&#160;&#160;<strong>Notice.
        </strong>Any notices and demands under or related to this Deed of Trust shall
        be
        in writing and delivered to the intended party at its address stated herein,
        and
        if to the Beneficiary, at its main office if no other address of the Beneficiary
        is specified herein, by one of the following means: (a) by hand; (b) by a
        nationally recognized overnight courier service; or (c) by certified mail,
        postage prepaid, with return receipt requested. Notice shall be deemed given:
        (a) upon receipt if delivered by hand; (b) on the Delivery Day after the
        day of
        deposit with a nationally recognized courier service; or (c) on the third
        Delivery Day after the notice is deposited in the mail. "Delivery Day" means
        a
        day other than a Saturday, a Sunday or any other day on which national banking
        associations are authorized to be closed. Any party may change its address
        for
        purposes of the receipt of notices and demands by giving notice of such change
        in the manner provided in this provision. This notice provision shall be
        inapplicable to any judicial or non-judicial proceeding where state law governs
        the manner and timing of notices in foreclosure or receivership
        proceedings.</font></div>
      <div><br></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
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        </div>
        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>21.</strong>&#160;&#160;&#160;<strong>Miscellaneous.
        </strong>If any provision of this Deed of Trust is in conflict with any statute
        or rule of law or is otherwise unenforceable for any reason whatsoever, then
        that provision is null and void to the extent of the conflict or
        unenforceability and shall be severed from but shall not invalidate any other
        provision of this Deed of Trust. No waiver by the Beneficiary or the Trustee
        of
        any right or remedy granted or failure to insist on strict performance by
        the
        Trustor waives any other right or remedy of the Beneficiary and/or the Trustee
        or waives or bars the subsequent exercise of the same right or remedy by
        the
        Beneficiary and/or the Trustee for any subsequent default by the Trustor.
        All
        rights and remedies of the Beneficiary and the Trustee are cumulative.
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">These
        promises and agreements bind and these rights benefit the parties and their
        respective successors and assigns. If there is more than one Trustor, the
        obligations under this Deed of Trust are joint and several and their agreements,
        representations, warranties and covenants shall be individual, joint and
        several. The Trustor agrees that the Beneficiary may at any time sell or
        transfer interests in all or any part of the Liabilities to one or more
        purchasers whether or not related to the Beneficiary.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
        Deed
        of Trust and the Related Documents constitute the entire understanding of
        the
        parties hereto and may not be amended or altered except by a written instrument
        that has been signed by the party(ies) against which enforcement of the
        amendment or alteration is sought.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Captions
        in this Deed of Trust are for convenience of reference only and do not limit
        the
        provisions of this Deed of Trust.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Time
        is
        of the essence in this Deed of Trust.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">There
        shall be no merger of the estate or interest created by this Deed of Trust
        with
        any other estate or interest in the Premises at any time held by or for the
        benefit of the Beneficiary, in any capacity, without the written consent
        of the
        Beneficiary.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>The
        Beneficiary, at its option, from time to time, and more than once, may appoint
        in writing a successor or substitute trustee, with or without cause, including
        the resignation, absence, death, inability, refusal or failure to act of
        the
        Trustee. The successor or substitute trustee may be appointed without ever
        requiring the resignation of the former trustee and without any formality
        except
        for the execution and acknowledgment of the appointment by the Beneficiary
        of
        this Deed of Trust. The successor or substitute trustee shall then succeed
        to
        all rights, obligations, and duties of the Trustee. If the Beneficiary is
        a
        national banking association or corporation and such appointment is executed
        on
        its behalf by an officer of such national banking association or corporation,
        such appointment shall be conclusively presumed to be executed with authority
        and shall be valid and sufficient without proof of any action by the board
        of
        directors or any superior officer of the association or corporation. The
        Trustee
        shall not be liable for any error or judgment or act done by the Trustee
        in good
        faith, or be otherwise responsible or accountable under any circumstances
        whatsoever (including, without limitation, the Trustee's negligence) except
        for
        the Trustee's gross negligence or willful misconduct. The Trustee shall have
        the
        right to rely on any instrument, document or signature authorizing or supporting
        any action taken or proposed to be taken by him hereunder, believed by him
        in
        good faith to be genuine.</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>22.</strong>&#160;&#160;&#160;<strong>Governing
        Law and Venue.</strong> This Deed of Trust shall be governed by and construed in
        accordance with the laws of the State of Texas (without giving effect to
        its
        laws of conflicts); provided, however, that if the real estate that is the
        subject of this Deed of Trust is located in another state, the laws of such
        other state shall govern the validity, enforceability, perfection, priority,
        construction, effect, enforcement and remedies with respect to this Deed
        of
        Trust, but nothing herein shall be construed to provide that the laws of
        any
        state other than the State of Texas shall apply to the obligations and
        indebtedness secured by this Deed of Trust. The Trustor agrees that any legal
        action or proceeding with respect to any of its obligations under this Deed
        of
        Trust may be brought by the Beneficiary in any state or federal court located
        in
        the State of Texas, as the Beneficiary in its sole discretion may elect.
        By the
        execution and delivery of this Deed of Trust, the Trustor submits to and
        accepts, for itself and in respect of its property, generally and
        unconditionally, the non-exclusive jurisdiction of those courts. The Trustor
        waives any claim that the State of Texas is not a convenient forum or the
        proper
        venue for any such suit, action or proceeding.</font></div>
      <div><br></div>
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          </div>
        </div>
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        </div>
        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>23.</strong>&#160;&#160;&#160;<strong>Indemnification.
        </strong>In addition to the indemnification provisions described in the Section
        captioned "Environmental Provisions" of this Deed of Trust, the Trustor agrees
        to indemnify, defend and hold the Beneficiary, its parent companies,
        subsidiaries, affiliates, their respective successors and assigns and each
        of
        their respective shareholders, directors, officers, employees and agents
        (collectively the "Indemnified Persons") harmless from and against any and
        all
        loss, liability, obligation, damage, penalty, judgment, claim, deficiency,
        expense, interest, penalties, attorneys' fees (including the fees and expenses
        of attorneys engaged by the Indemnified Person at the Indemnified Person's
        reasonable discretion) and amounts paid in settlement ("Claims") to which
        any
        Indemnified Person may become subject arising out of or relating to this
        agreement or the Collateral, except to the limited extent that the Claims
        are
        proximately caused by the Indemnified Person's gross negligence or willful
        misconduct. The indemnification provided for in this Section shall survive
        the
        termination of this agreement and shall not be affected by the presence,
        absence
        or amount of or the payment or nonpayment of any claim, under, any
        insurance.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Trustor's indemnity obligations under this Section shall not in any way be
        affected by the presence or absence of covering insurance, or by the amount
        of
        such insurance or by the failure or refusal of any insurance carrier to perform
        any obligation on its part under any insurance policy or policies affecting
        the
        Trustor's assets or the Trustor's business activities. Should any Claim be
        made
        or brought against any Indemnified Person by reason of any event as to which
        Trustor's indemnification obligations apply, then, upon any Indemnified Person's
        demand, the Trustor, at its sole cost and expense, shall defend such Claim
        in
        the Trustor's name, if necessary, by the attorneys for the Trustor's insurance
        carrier (if such Claim is covered by insurance), or otherwise by such attorneys
        as any Indemnified Person shall approve. Any Indemnified Person may also
        engage
        its own attorneys at its reasonable discretion to defend the Indemnified
        Person
        and to assist in its defense and the Trustor agrees to pay the fees and
        disbursements of such attorneys.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WITHOUT
        LIMITATION OF THE FOREGOING, IT IS THE INTENTION OF TRUSTOR AND TRUSTOR AGREES
        THAT THE FOREGOING INDEMNITIES SHALL APPLY TO EACH INDEMNIFIED PERSON WITH
        RESPECT TO CLAIMS, OBLIGATIONS, DAMAGES, LOSSES, COSTS, EXPENSES (INCLUDING,
        WITHOUT LIMITATION, ATTORNEYS' FEES), DEMANDS, LIABILITIES, PENALTIES, FINES
        AND
        FORFEITURES WHICH IN WHOLE OR IN PART ARE CAUSED BY OR ARISE OUT OF THE
        NEGLIGENCE OF SUCH (AND/OR ANY OTHER) INDEMNIFIED PERSON.</strong></font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>24.</strong>&#160;&#160;&#160;<strong>Information
        Waiver. </strong>The Trustor agrees that the Beneficiary may provide any
        information or knowledge the Beneficiary may have about the Trustor or about
        any
        matter relating to this Deed of Trust or the Related Documents to JPMorgan
        Chase
&amp; Co., or any of its subsidiaries or affiliates or their successors, or to
        any one or more purchasers or potential purchasers of all or any part of
        the
        Liabilities and/or the Related Documents.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>(This
        space intentionally left blank)</em></font></div>
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        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
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        OF SPECIAL DAMAGES.</strong> THE TRUSTOR WAIVES, TO THE MAXIMUM EXTENT NOT
        PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR RECOVER
        FROM
        THE BENEFICIARY IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY,
        PUNITIVE OR CONSEQUENTIAL DAMAGES.</font></div>
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        WAIVER.</strong> THE TRUSTOR AND THE BENEFICIARY (BY THEIR ACCEPTANCE HEREOF)
        HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY
        RIGHT
        TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT,
        TORT, OR OTHERWISE) BETWEEN THE TRUSTOR AND THE BENEFICIARY ARISING OUT OF
        OR IN
        ANY WAY RELATED TO THIS DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT
        TO THE
        BENEFICIARY TO PROVIDE THE FINANCING DESCRIBED HEREIN.</font></div>
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        AGREEMENT AND THE OTHER WRITTEN LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
        BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
        CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
        PARTIES.</strong></font></div>
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        THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
        PARTIES.</strong></font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td colspan="3" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Trustor:</strong></font></td>
              <td width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="29%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td colspan="3" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">The
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              <td width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="29%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td colspan="3" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:
                The Leather Factory, Inc.</font></td>
              <td width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="29%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></font></td>
              <td align="justify" valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td width="13%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="29%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="justify" valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Ron
                  Morgan&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
              </td>
              <td width="13%" style="BORDER-BOTTOM: black 2px solid">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">CEO
                  and President</font></div>
              </td>
            </tr>
            <tr>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="justify" valign="top" width="29%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Printed
                  Name </font></div>
              </td>
              <td width="13%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Beneficiary is executing this agreement for the purpose of acknowledging
        and
        agreeing to the foregoing Jury Waiver, the notice given under &#167;26.02 of the
        Texas Business and Commerce Code and the Beneficiary's failure to execute
        or
        authenticate this agreement will not invalidate this agreement.</font></div>
      <div>&#160;</div>
      <div>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td colspan="2" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Beneficiary:</strong></font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="42%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td colspan="2" width="46%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">JPMorgan
                  Chase Bank, N.A.</font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="42%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></font></td>
                <td align="justify" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </td>
                <td width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="justify" valign="top" width="42%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Printed
                    Name </font></div>
                </td>
                <td width="4%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Title</font></div>
                </td>
                <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>

          </table>
        </div>
      </div>
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">15</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">ACKNOWLEDGMENT</font></div>
      <div><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>State
                of</strong></font></font></td>
              <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="60%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>)</strong></font></div>
              </td>
            </tr>
            <tr>
              <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="60%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>)
                  ss</strong></font></div>
              </td>
            </tr>
            <tr>
              <td width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>County
                of</strong></font></font></td>
              <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="60%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>)</strong></font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="bottom" width="55%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">The
                  foregoing instrument was acknowledged before me on</font></div>
              </td>
              <td width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="4%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">,
                  20</font></div>
              </td>
              <td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="4%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">,
                  by</font></div>
              </td>
              <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="bottom" width="12%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">.</font></td>
              <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td valign="top" width="5%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="20%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            </tr>

        </table>
      </div>
      <div>&#160;</div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="80%">

            <tr>
              <td align="left" valign="bottom" width="50%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Given
                  under my hand and notarial seal this</font></div>
              </td>
              <td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="10%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">day
                  of</font></div>
              </td>
              <td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="bottom" width="4%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">,
                  20</font></div>
              </td>
              <td align="left" valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td valign="bottom" width="1%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="25%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">My
                  Commission Expires:</font></div>
              </td>
              <td align="left" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="21%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="20%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Notary
                  Public, State of</font></div>
              </td>
              <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="21%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td valign="top" width="21%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              <td align="left" valign="top" width="20%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Notary's
                  Printed Name:</font></div>
              </td>
              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br></div>
      <div><br></div>
      <div>
        <div><br></div>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>State
                  of</strong></font></font></td>
                <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td align="left" valign="top" width="60%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>)</strong></font></div>
                </td>
              </tr>
              <tr>
                <td width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="60%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>)
                    ss</strong></font></div>
                </td>
              </tr>
              <tr>
                <td width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>County
                  of</strong></font></font></td>
                <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td align="left" valign="top" width="60%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>)</strong></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="bottom" width="55%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">The
                    foregoing instrument was acknowledged before me on</font></div>
                </td>
                <td width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="bottom" width="4%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">,
                    20</font></div>
                </td>
                <td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="bottom" width="4%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">,
                    by</font></div>
                </td>
                <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="bottom" width="12%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">.</font></td>
                <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td valign="top" width="5%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="20%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="80%">

              <tr>
                <td align="left" valign="bottom" width="50%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Given
                    under my hand and notarial seal this</font></div>
                </td>
                <td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="bottom" width="10%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">day
                    of</font></div>
                </td>
                <td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="bottom" width="4%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">,
                    20</font></div>
                </td>
                <td align="left" valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                </td>
                <td valign="bottom" width="1%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="25%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">My
                    Commission Expires:</font></div>
                </td>
                <td align="left" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="21%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="20%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Notary
                    Public, State of</font></div>
                </td>
                <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="25%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="21%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="21%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td align="left" valign="top" width="20%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Notary's
                    Printed Name:</font></div>
                </td>
                <td align="left" valign="top" width="30%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div><br>
          <div>
            <hr style="COLOR: black" align="left" noshade size="2" width="100%">
          </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex10_4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<html>

  <head>
    <title>ex10_4.htm</title>
<!-- Licensed to: EDGARfilings, Ltd.-->
<!-- Document Created using EDGARizer 4.0.1.0 -->
<!-- Copyright 2007 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>AGREEMENT
        OF PURCHASE AND SALE</u></strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">THIS
        AGREEMENT OF PURCHASE AND SALE (this <strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8220;</font>Agreement<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8221;</font>)
</strong>is
        made
        and entered<font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font>into
        effective as of <u>June 25</u>, 2007 (the <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8220;</font>Effective
        Date<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8221;</font>) and
        between <strong>STANDARD</strong><font style="DISPLAY: inline; FONT-SIZE: 10pt;">&#160;</font><strong>MOTOR
        PRODUCTS,
        INC</strong><strong>., </strong>a New York corporation (&#8220;Seller&#8221;) and
<strong>THE</strong><strong>&#160;</strong><strong>LEATHER
        FACTORY,
        L.P</strong>., a Texas limited partnership (&#8220;Purchaser&#8221;).</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>WITNESSETH:</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        I</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>GENERAL</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Agreement
        to Sell and Purchase. </strong>Seller hereby agrees to sell and convey to
        Purchaser, and Purchaser hereby agrees to purchase and accept from Seller,
        for
        the Purchase Price (hereinafter defined) and upon and subject to the terms
        and
        conditions hereinafter set forth, all of the following described property
        (hereinafter referred to collectively as the
<strong>&#8220;Property&#8221;):</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">That
                  certain tract or parcel of land owned by Seller lying and being
                  situated
                  in the City of Fort Worth, County of Tarrant, State of Texas, and
                  being
                  more particularly described as <u>Exhibit A</u> attached hereto, subject
                  to the provisions of Section 1.4 herein (the
                  <strong>&#8220;Land&#8221;);</strong></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
                  buildings, improvements and fixtures situated on the Land (collectively,
                  the
<strong>&#8220;Improvements&#8221;);</strong></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
                  of the rights and appurtenances pertaining to the Land and the
                  Improvements, including all right, title and interest of Seller
                  in and to
                  adjacent streets, alleys, easements and
                  rights-of-way;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
                  other rights, privileges and appurtenances owned by Seller and
                  in anyway
                  related to the property described above, and such other rights,
                  interests
                  and properties as may be specified in this Agreement to be sold,
                  transferred, assigned or conveyed by Seller to Purchaser;
                  and</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
                  transferable licenses, permits, and certificates of occupancy,
                  if any,
                  that relate to the Land or
                  Improvements.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  following personal property <strong>(&#8220;Personal Property&#8221;):
                  </strong>electrical, plumbing, HVAC, air compressors, phone equipment
                  system and one-half (1/2) of the cubical furniture, all racks,
                  bins and
                  shelving not presently subject to a lease agreement, as more particularly
                  described on <u>Exhibit D</u> as &#8220;Modular Furniture to Convey with
                  Property.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Purchase
        Price. </strong>The purchase price (the <strong>&#8220;Purchase Price&#8221;</strong>) to be
        paid for the Property shall be Four Million Five Hundred Thousand AND NO/100
        DOLLARS ($4,500,000.00), payable in cash or immediately available wire
        transferred funds at the Closing (hereinafter defined).</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Earnest
        Money. </strong>Within two (2) days following the Effective Date, and as
        conditions to Seller<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8217;</font>s obligations
        hereunder, Purchaser shall deposit with Rattikin Title Company, 201 Main
        Street,
        Suite 800, Fort Worth, Texas 76102-4880, Attention: Mac Miles (the
<strong>&#8220;Title Agent&#8221;</strong>), as agent
        for&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>
        (the <strong>&#8220;Title Company&#8221;), </strong>the sum of One Hundred Thousand and
        NO/100 Dollars ($100,000.00) to be invested by the Title Agent in a segregated,
        interest-bearing account with a financial institution approved by Seller
        and
        Purchaser whose accounts are insured by the Federal Deposit Insurance
        Corporation, and to be held and disbursed by the Title Agent strictly in
        accordance with the terms and provisions of this Agreement. The amount of
        such
        deposit is hereinafter referred to as <strong>&#8220;Earnest Money.&#8221;</strong> At the
        Closing (hereinafter defined), the Earnest Money shall be applied to the
        payment
        of the Purchase Price. All accrued interest on the Earnest Money shall become
        part of the Earnest Money and shall be distributed as part of Earnest Money
        in
        accordance with the terms of this Agreement.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Mineral
        Reservation.</strong> Seller agrees to sell and convey to the Purchaser
        fifty-one percent (51%) of the oil, gas, and other minerals in and under
        and
        that may be produced from the Land and all of the executive rights applicable
        to
        the Land together with the right of ingress and egress for the purpose of
        exploring, drilling, mining for, and producing oil, gas, and other minerals,
        which will entitle Purchaser to fifty-one percent (51%) of all royalties
        under
        any existing and/or future leases. Seller will reserve unto itself, its heirs,
        successors and assigns, forty-nine percent (49%) of the oil, gas, and other
        minerals in and under and that may be produced from the Land subject to this
        Agreement, together with the right to receive a like part of all royalties,
        bonuses, and rentals payable under any lease in the proportion that the reserved
        interest bears to one hundred percent (100%) of the fee mineral interest
        under
        the Land. Seller is expressly authorized to enter into any mineral lease
        pending
        Closing, and the conveyance to Purchaser under this Agreement will be subject
        to
        any mineral lease existing at Closing. In the event that a mineral lease
        is
        executed after the Effective Date, but prior to the Closing Date, Seller
        shall
        pay Purchaser at Closing fifty-one percent (51%) of all royalties, bonuses
        and
        rentals received by Seller after the Effective Date, but prior to Closing
        Date,
        on any such executed mineral lease. Purchaser agrees to ratify any mineral
        lease
        existing as of the Closing Date. Anything to the contrary herein
        notwithstanding, Purchaser has the right to approve any mineral lease prior
        to
        its execution. Such approval shall not be unreasonably withheld. If Purchaser
        fails to approve or reject any mineral lease within ten (10) business day
        after
        the same has been submitted to Purchaser by Seller, such mineral lease shall
        be
        deemed approved.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        the
        event that a mineral lease is executed after the Effective Date, but prior
        to
        the Closing Date, Seller shall pay Purchaser at Closing, in addition to the
        above, fifty-one percent (51%) of all payments received for surface damages
        and
        one-hundred percent (100%) of all payments received for easements for roads
        and
        transmission lines.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">1.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Excluded
        Assets.</strong> Seller shall retain and remove all office furniture in all
        private offices and conference rooms, one-half (1/2) of all cubical furniture,
        and all personal items of employees and officers of the company. Seller must
        obtain Purchaser&#8217;s written approval prior to removing any items from the
        Property.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        II</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>TITLE
        COMMITMENT AND SURVEY;</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>REVIEW
        AND INSPECTION BY PURCHASER</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Title
        Commitment. </strong>Seller, at Seller&#8217;s expense, will provide Purchaser an
        updated title commitment within fifteen (15) days of the effective date of
        this
        contract (the <strong>&#8220;Title Commitment&#8221;), </strong>issued by Title Company
        describing the Land (which legal description, as determined by the Survey
        referenced in Section 2.3 herein below, shall be incorporated into this
        Agreement and used in all closing documents), specifying Purchaser or its
        assignee as the prospective named insured, showing the Purchase Price as
        the
        prospective policy amount, showing the status of title of the Land and all
        exceptions (including, but not limited to, easements, declarations,
        restrictions, rights-of-way, covenants, reservations, encumbrances, liens
        and
        other conditions, if any, affecting the Land) which would appear in an Owner
        Policy of Title Insurance, when issued, together with true, correct and legible
        copies of all items and documents referred to therein including copies of
        tax
        certificates covering all taxes affecting the Property. With regard to the
        standard printed exceptions and other exceptions commonly included in title
        commitments, the exception for areas and boundaries shall (at Seller&#8217;s expense)
        be endorsed to provide that the exception shall be amended at Closing to
        except
        only to &#8220;Shortages in Area&#8221; upon receipt from Seller of a survey acceptable to
        the Title Company and the applicable premium therefor paid by Purchaser;
        no
        exceptions shall be permissible for parties in possession, except pursuant
        to
        recorded leases; the exception for restrictive covenants shall be deleted
        or
        endorsed &#8220;None of Record except... (with an express description by applicable
        recording data of those restrictive covenants and declarations of covenants
        affecting the Land)&#8221;; the exception for taxes shall be limited to standby fees
        and taxes owing for the year in which the Closing occurs and subsequent years
        and subsequent assessments for prior years due to changes in land use of
        the
        Property; there shall be no exception for any lien for service, labor or
        materials heretofore or hereafter provided, imposed by law and not shown
        by the
        public records; and there shall be no general exception for visible and apparent
        easements or roads and highways or similar items (with any such specific
        exception to be specifically referenced to, and shown on, the Survey described
        in Section 2.3 and also identified by any applicable recording
        data).</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Intentionally
        deleted]</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Survey.</strong>
        Purchaser here by acknowledges that it is in receipt of a current &#8220;as-built&#8221;
survey of the Land and Improvements (&#8220;Survey&#8221;), prepared by a duly licensed land
        surveyor or engineer reasonably acceptable to the Title Company and Seller.
        The
        Survey shall be currently dated, shall show the location on the Land of all
        improvements, buildings and set-back lines, fences, evidence of abandoned
        fences, ponds, creeks, streams, rivers, officially designated 100-year flood
        plains and flood prone areas, canals, ditches, ponds, streams, rivers, creeks,
        watercourses, easements, roads, rights-of-way and encroachments, and shall
        contain a legal description of the boundaries of the Land by metes and bounds
        (which shall include a reference to the recorded plat, if any), and a
        computation of the area comprising the Land in both acres and square feet
        (to
        the nearest one-thousandth of said respective measurement). At the Closing,
        the
        metes and bounds description of the Land reflected in the Survey will be
        used in
        the Deed (hereinafter defined) and any other documents requiring a legal
        description of the Land. The surveyor shall certify to Seller, to the Purchaser
        and/or its assigns, to Purchaser&#8217;s lender, and to the Title Company, in form
        acceptable to the Purchaser, that the Survey is correct and was made on the
        ground; that there are no visible discrepancies, conflicts, encroachments,
        protrusions, overlapping of improvements, violations of building or set-back
        lines, fences, evidence of abandoned fences, ponds, creeks, streams, rivers,
        officially designated 100-year flood plains or flood prone areas, canals,
        ditches, ponds, streams, rivers, creeks, watercourses, easements, roads or
        rights-of-way (except as are clearly shown and described on the survey plat);
        and that the computation of the area of the land shown is correct. Any and
        all
        recorded matters shown on the Survey shall be legibly identified by appropriate
        volume and page recording references with dates of recording noted and the
        Survey shall show the location of all adjoining streets.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Review
        Period and Cure Period. </strong>Purchaser shall have until the earlier to occur
        of (i) 5 days following the receipt of the Title Commitment or (ii) the
        expiration of the Inspection Period (hereinafter defined), to review the
        Title
        Commitment, and Survey (<strong>&#8220;Review Period&#8221;</strong>). In the event any
        exceptions to title appear in the Title Commitment, or any Uniform Commercial
        Code filings exist, or any matters appear in the Survey, that are unacceptable
        to Purchaser, Purchaser shall, within said Review Period, notify Seller in
        writing of such fact. Upon the expiration of said Review Period, Purchaser
        shall
        be deemed to have accepted all exceptions to title referenced in the Title
        Commitment and all matters shown on the Survey except for matters which are
        the
        subject of a notification permitted under the following sentence, and such
        accepted exceptions shall be included in the term &#8220;Permitted Exceptions&#8221; as used
        herein. In the event that Purchaser does object to any title exceptions or
        matters shown in the Title Commitment and/or the Survey within the Review
        Period, Seller shall have ten (10) days from receipt of notice of such
        objections ( <strong>&#8220;Cure Period&#8221;) </strong>within which to eliminate or modify
        any such unacceptable exceptions or items to the reasonable satisfaction
        of
        Purchaser. Seller may, but shall have no obligation, to eliminate any such
        unacceptable exceptions or items in order to so eliminate or modify such
        unacceptable items. In the event that Seller is unable or unwilling to eliminate
        or modify such unacceptable items to the reasonable satisfaction of Purchaser
        on
        or before the expiration of said Cure Period, Seller shall notify Purchaser
        in
        writing of such fact within said Cure Period. In the event Seller notifies
        Purchase that it is unwilling or unable to cure such unacceptable exceptions
        or
        Seller fails to notify Purchaser whether or not it will cure such items,
        Purchaser shall, on or before ten (10) days after the expiration of the Cure
        Period, either (a) waive such objections and accept title to the Property
        subject to such unacceptable items (which items shall then be deemed to
        constitute part of the <strong>&#8220;Permitted </strong><strong>Exceptions&#8221;)
</strong>or (b) terminate this Agreement by written
        notice to Seller and receive
        an immediate refund of the Earnest Money, plus all accrued interest thereon,
        whereupon this Agreement shall automatically be rendered null and void and
        of no
        further force and effect. The failure of Purchaser to so notify Seller of
        its
        decision on or before the ten (10) days after the expiration of the Cure
        Period
        shall be deemed to constitute Purchaser&#8217;s election to accept title to the
        Property subject to the unacceptable items.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Inspection
        by Purchaser. </strong>Purchaser shall have the right, at Purchaser&#8217;s expense,
        through July 12, 2007 (the <strong>&#8220;Inspection Period&#8221;) </strong>to inspect the
        Property and all documents in Seller<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8217;</font>s possession
        relating to the Property and operations thereof, including without limitation
        books, records, service contracts, real estate tax statements covering the
        Property for the current year, all environmental reports covering the Property,
        if any, and other documents maintained by or for the Seller, and to conduct
        such
        due diligence review, inspections (including environmental inspection), tests
        and studies (including economic feasibility studies) <strong>(&#8220;Other Related
        Documents&#8221;</strong>) as Purchaser may deem necessary or appropriate in order to
        determine if the Property is in satisfactory condition and is suitable for
        Purchaser&#8217;s purpose.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Purchaser
        hereby acknowledges that Seller delivered and that Purchaser is in receipt
        of
        all documents that were in Seller<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8217;</font>s possession
        relating to the Property and operations thereof, and Other Related
        Documents.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Purchaser
        shall provide Seller with a copy of any and all reports, inspections, tests
        and
        studies, or any other documents created in connection with a due diligence
        review pursuant to this provision, including without limitation Phase I and
        Phase II Environmental Report.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">At
        least
        twenty-four (24) hours prior to any entry of the Property to conduct any
        supervised physical testing or inspection, Purchaser shall: (i) deliver to
        Seller telephonic, e-mail, or written notice of its intention to the enter
        the
        Property, and Seller shall have the right to have one or more of its agents
        and/or representatives accompany the Purchaser and (ii) provide Seller
        sufficient evidence to show that Purchaser and its agents and representatives
        who entered the Property are adequately covered by policies of insurance,
        issued
        by a carrier reasonably acceptable to Seller, insuring Purchaser and Seller
        against any and all liability arising out of Purchaser&#8217;s or Purchaser&#8217;s agents&#8217;
or representatives&#8217; entry upon and investigation respecting the
        Property.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Purchaser
        shall indemnify, and hold harmless Seller for all reasonable costs and expenses
        required to repair or restore any property damaged by Purchaser or its agents
        in
        conducting such tests. The indemnification of Seller by Purchaser in the
        preceding sentence shall survive the termination of this Agreement or the
        Closing.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">During
        the Inspection Period, Purchaser may, at Purchaser<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8217;</font>s election
        and at
        its sole expense, perform any or all of the following, and Seller shall have
        absolutely no responsibility, obligation for payment of or reimbursement
        for, or
        liability in connection with such items:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Obtain
        a written commitment from the appropriate Governmental Authority that following
        the Closing, the Property will be appropriately zoned for Purchaser&#8217;s intended
        use thereof.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Obtain
        from the appropriate Governmental Authorities all permits, approvals and
        consents (or written commitments that such will be forthcoming) required
        by such
        Governmental Authorities, or alternatively satisfy itself that all such required
        permits, approvals and consents are readily obtainable, including without
        limitation any and all access and building permits, environmental and ecological
        approvals, subdivision plat approvals, site plan approvals, utility hook-up
        permits, and lot split approvals.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Conduct
        a Phase I environmental assessment of the Property, and conduct such additional
        environmental studies or assessments as Purchaser may deem appropriate. In
        that
        connection, Purchaser will rely solely on such assessments and reports which
        Purchaser shall conduct, and no representations, warranties, reports or
        environmental assessments provided by Seller will be relied upon by Purchaser
        in
        respect to the Property condition or Purchaser&#8217;s decision to purchase
        same.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        the
        event that Purchaser shall fail to close on the purchase of the Property,
        Purchaser will restore the Land and the Property to its condition immediately
        prior to Purchaser&#8217;s conducting of such inspections and
        tests.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">2.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Termination
        During Inspection Period. </strong>If the Purchaser determines, in Purchaser&#8217;s
        sole discretion, that the Property is not suitable for any reason for
        Purchaser&#8217;s intended use or is not in satisfactory condition, then Purchaser may
        terminate this Agreement by providing written notice of termination within
        the
        Inspection Period. The Earnest Money shall be refunded to the Purchaser less
        the
        sum of $100.00 to be retained by Seller as independent consideration for
        Purchaser&#8217;s right to terminate under this provision. If the Purchaser does not
        terminate this Agreement within the Inspection Period, any objections with
        respect to the condition of the Property, inspection, studies, and assessments
        under Section 2.2 shall be deemed waived by the Purchaser.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        III</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>REPRESENTATIONS,
        WARRANTIES, COVENANTS,</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>AND
        AGREEMENTS</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">3.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Representations
        and Warranties of Purchaser.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
        induce
        Seller to enter into this Agreement and to consummate the sale and purchase
        of
        the Property in accordance herewith, Purchaser represents and warrants to
        Seller, as of the Effective Date and as of the Closing Date, except where
        specific reference is made to another date or dates, in which case the other
        date or dates will apply, that:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Purchaser
        has full power and authority to execute, deliver, and consummate this Agreement
        subject to the conditions to Closing set forth in this Agreement. No provisions
        exist in any contract, document, or other instrument to which Purchaser is
        a
        party or by which Purchaser is bound that would be violated by consummation
        of
        the transactions contemplated by this Agreement.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Purchaser
        is a limited partnership duly organized, validly existing, and in good standing
        under the laws of the State of Texas.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither
        the execution nor delivery of this Agreement by Purchaser will result in
        a
        violation or breach of any term or provision or constitute a default under
        any
        agreement to which Purchaser is a party.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">3.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Representations
        and Warranties of Seller.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
        induce
        Purchaser to enter into this Agreement and to consummate the sale and purchase
        of the Property in accordance herewith, Seller represents and warrants to
        Purchaser as of the Effective Date and as of the Closing Date, except where
        specific reference is made to another date or dates, in which case the other
        date or dates will apply, that:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;There
        are no actions, suits or proceedings pending or, to the best knowledge and
        belief of Seller, threatened or asserted against Seller affecting any portion
        of
        the Property, at law or in equity or before or by any federal, state, municipal
        or other governmental department, commission, board, bureau, agency or
        instrumentality, domestic or foreign;</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Seller
        has not received any notices of any condemnation actions, special assessments
        or
        increases in the asserted valuation of taxes or other impositions of any
        nature
        which are pending or being contemplated with respect to the Property or any
        portion thereof;</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except
        as to the Permitted Exceptions, there are no liens or security interests
        against
        the Land, the Improvements or against any other portion of the Property (which
        will not be paid on or before Closing), nor are there any actions pending
        which
        would result in the creation of any lien for any Improvements, and Seller
        shall
        not create or voluntarily permit to be created any liens, easements or other
        conditions affecting any portion of the Property without the prior written
        consent of Purchaser. At the Closing, there will be no unpaid bills or claims
        in
        connection with any construction or repair of the Improvements or other work
        performed or material purchased in connection with the
        Improvements;</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Seller
        has full power and authority to execute, deliver, and consummate this Agreement
        subject to the conditions to Closing set forth in this Agreement, and by
        proper
        corporate action has duly authorized the execution and delivery of this
        Agreement and the consummation of the transaction herein
        contemplated;</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This
        Agreement is a valid obligation of Seller and is binding upon Seller in
        accordance with its terms;</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Seller
        is the owner of good and indefeasible fee simple title to the Property, free
        and
        clear of any liens, deeds of trust, pledges, security interests, leases,
        charges, encumbrances or restrictions of any kind, except as will be shown
        in
        the Title Commitment to be provided in accordance with this Agreement (which
        liens, deeds of trust, and security interests will be released at Closing
        as a
        condition precedent to Closing);</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Seller
        has paid all taxes, charges and assessments (special or otherwise) required
        to
        be paid to any taxing authority which could in any way now or hereafter
        constitute a lien against the Property or any part thereof (except for taxes
        and
        assessments payable during the current year). Seller has not received any
        notice
        from any taxing authority or governmental agency asserting that Seller has
        failed to file or has improperly filed any tax return or report required
        to be
        filed by it, or that it has not paid all taxes, charges or assessments now
        owing
        by it (except current taxes and assessments not yet delinquent) which could
        in
        any way now or hereafter constitute a lien against the Property or any part
        thereof; and no action or proceeding is now pending by a governmental agency
        or
        authority for the assessment or collection of such taxes, charges or assessments
        against Seller; and</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither
        the execution nor delivery of this Agreement by Seller will result in a
        violation or breach of any term or provision or constitute a default under
        any
        agreement to which Seller is a party.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        IV</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>THE
        CLOSING</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>The
        Closing Date. </strong>The consummation of the transactions contemplated by this
        Agreement (the <strong>&#8220;Closing&#8221;) </strong>shall take place in the offices of
        the Title Agent within fifteen (15) days after the expiration of the Inspection
        Period, but not later then July 31, 2007 (the <strong>&#8220;Closing
        Date&#8221;).</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Seller</strong>&#8217;<strong>s
        Obligations at the Closing. </strong>Seller shall deliver or cause to be
        delivered to Purchaser the following items at the Closing (or by such earlier
        date as specifically stated):</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Special
                  Warranty Deed (the <strong>&#8220;Deed&#8221;), </strong>in the form attached hereto
                  as Exhibit &#8220;B&#8221; executed by Seller, conveying marketable title to the Land
                  and Improvements to Purchaser, subject to the Permitted
                  Exceptions,</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Certificate
                  of non-foreign status (the <strong>&#8220;</strong><strong>Certificate of
                  Nonforeign Status&#8221;), </strong>in the form attached hereto as Exhibit
                  &#8220;C.&#8221;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Owner
                  Policy of Title Insurance (the <strong>&#8220;Owner Title Policy&#8221; </strong>)
                  issued by the Title Company, insuring good and indefeasible title
                  to the
                  Property in Purchaser in a face amount equal to the Purchase Price,
                  and
                  containing no exceptions other than the Permitted Exceptions. Purchaser
                  may request and obtain deletion of the survey exception save &#8220;shortages in
                  area&#8221; at its sole cost and expense. Seller agrees to take all reasonable
                  actions that may be required by the Title Company as a condition
                  to
                  issuing the Owner Title Policy including, but not limited to, providing
                  aSeller<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8217;</font>s
                  affidavit
                  attesting that, to the best of Seller&#8217;s knowledge: (a) no individual or
                  entity has any claim against the Property under the applicable
                  contractor&#8217;s lien laws; and (b) except for Seller, no individual or entity
                  is either in possession of the Property or has a possessory interest
                  or
                  claim in the Property.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Possession
                  of Property, together with all keys and electronic pass cards or
                  devices
                  to all entrance doors to the Property, to the extent in Seller&#8217;s
                  possession.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Such
                  evidence of the authority of Seller to consummate the Closing as
                  the title
                  Company and Purchaser may reasonably
                  require.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Such
                  other documents as the Title Agent, Title Company or Purchaser
                  may
                  reasonably request.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(g)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
                  and all documents which shall be necessary to complete the satisfaction
                  of
                  the Title Requirements set forth in Schedule C of the
                  Commitment</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(h)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Current
                  real estate ad valorem tax statements covering the Land and Improvements,
                  if available and if not previously furnished, and tax certificates
                  for the
                  previous year.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Purchaser<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#8217;</font>s
        Obligations at
        the Closing</strong>. Purchaser shall deliver or cause to be delivered to Seller
        the following items at the Closing:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  Purchase Price required by <u>Section 1.2</u> above, by delivery to Seller
                  of cash or immediately available wire transferred
                  funds.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Such
                  evidence of the authority of Purchaser to consummate the Closing
                  as the
                  Title Agent, Title Company and Seller may reasonably
                  require.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Closing
        Costs.</strong> Seller shall pay the basic premium for the Title Policy (Texas
        form T-l), the fee for preparation and recording the Deed, and fifty percent
        (50%) of all other escrow and closing costs. Purchaser shall pay any documentary
        transfer tax and sales taxes due in connection with the consummation of the
        transaction contemplated herein, all costs and expenses incurred in connection
        with obtaining any financing for the purchase of the Property, including
        title,
        escrow, documentation and appraisal costs relating thereto, and any lender&#8217;s
        policy of title insurance, the cost of any title endorsements including the
        survey endorsement, and fifty percent (50%) of all other escrow and closing
        costs.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Prorations.</strong>
        At the Closing, the following items of revenue and expense shall be adjusted
        and
        apportioned in cash as of 11:59 p.m. on the day preceding the Closing Date
        (the
<strong>&#8220;Adjustment Date&#8221;</strong>):</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Real
                  estate and other ad valorem taxes, assessments, personal property
                  or use
                  taxes and sewer charges, on the basis of the fiscal year for which
                  such
                  taxes or charges are assessed. If the actual ad valorem taxes are
                  not
                  available on the Closing Date for the tax year in which the Adjustment
                  Date occurs, the proration of such taxes at the Closing shall be
                  estimated
                  based upon the most current information available to the parties,
                  including information disclosed by the local tax office or other
                  public
                  information. &#8220;When actual figures are published or otherwise become
                  available, Seller and Purchaser shall make such further adjustment
                  as
                  necessary to cause the proration to be accurate as of the Closing
                  Date.
                  Purchaser acknowledges that Seller may currently be appealing the
                  valuation of the Property and agrees that Seller shall be entitled,
                  at
                  Seller&#8217;s cost and expense, to pursue such appeal to completion and to
                  receive (i) any tax refunds for years prior to the year of the
                  Closing,
                  and (ii) a pro rata share of any tax refund for the year of the
                  Closing,
                  which pro rata share shall be calculated by multiplying the amount
                  of the
                  tax refund by the number of days in the year of the Closing that
                  have
                  elapsed prior to the Closing and dividing such product by 365.
                  Further,
                  with respect to any such appeal, if any tax refund creates an obligation
                  to reimburse any tenants for any rents paid, that portion of such
                  refund
                  equal to the amount of such required reimbursement (after deduction
                  of
                  allocable expenses as may be provided in the Tenant Lease to such
                  tenant)
                  shall be paid to Purchaser and Purchaser shall disburse the same
                  to such
                  tenant.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
                  costs and expenses of operating the Property shall be determined
                  to the
                  Adjustment Date and paid by the Seller. If invoices for any of
                  such
                  charges, expenses or income figures to the Adjustment Date are
                  unavailable
                  on the Closing Date, a readjustment of these items will be made
                  when such
                  information becomes
                  available.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">No
                  provision has been made for the proration of water charges, fuel
                  charges
                  or utility charges (including, without limitation, telephone, gas
                  and
                  electricity) as Seller shall terminate its account (but not the
                  service
                  itself) with the providers of all such services as of the Adjustment
                  Date
                  and the Purchaser shall, prior to the Closing Date, make application
                  to
                  the providers of such services for the continuation of such services
                  in
                  the name of Purchaser or its designee. It is anticipated that in
                  connection with all such services, the meters will be read on or
                  about the
                  Adjustment Date and the Seller shall be responsible for paying
                  the bills
                  for such services accruing prior to the Adjustment Date and the
                  Purchaser
                  shall be responsible for the payment of all such accounts accruing
                  on or
                  after the Adjustment Date. If any such accounts are not handled
                  in this
                  matter, they shall be prorated as of the Adjustment Date in the
                  manner
                  described in <u>Section 4.5(a)</u> above. Seller shall be entitled to
                  receive and retain all refundable cash or other deposits posted
                  with
                  utility companies serving the
                  Property.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Lease.</strong>
        At Closing, Seller shall have the right to lease all improvements in accordance
        with the lease attached hereto marked Exhibit &#8220;E&#8221; and made a part hereof for all
        intents and purposes.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        V</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>DAMAGE
        OR CONDEMNATION PRIOR TO THE CLOSING</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.1</strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Damage.
        </strong>If, at any time after the Effective Date and on or before the Closing
        Date, all or any portion of the Property is damages, destroyed or rendered
        inoperative (collectively, the <strong>&#8220;Damage&#8221;), </strong>by fire, flood,
        natural elements or other causes, Seller shall promptly notify Purchaser
        of such
        Damage and then the following shall apply:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
                  the damage is not Material (hereinafter defined), Purchaser shall
                  proceed
                  to close and purchase the Property as diminished by such Damage,
                  subject
                  to a reduction in the Purchase Price equal to the full estimated
                  cost of
                  repairing or restoring the
                  Damage.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
                  the Damage is Material, then Purchaser, at its sole option, may
                  elect
                  either (i) to terminate this Agreement by written notice to Seller
                  given
                  at or prior to the Closing;, whereupon the Title Agent shall immediately
                  return the Earnest Money to Purchaser and, upon Purchaser&#8217;s receipt
                  thereof, neither party hereto shall have any further rights against,
                  or
                  obligations to, the other under this Agreement; or (ii) to agree
                  to close
                  and deduct from the Purchase Price the full estimated cost of repairing
                  or
                  restoring the Damage.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
                  the Damage is covered by insurance, the purchaser shall have the
                  right to
                  elect to close the purchase of the Property in its condition (with
                  respect
                  to the Damage covered by insurance) on the Closing Date and to
                  receive a
                  credit against the Purchase Price in the amount of any deductible,
                  and
                  take an assignment of the insurance proceeds, in which event Seller
                  shall
                  assign such insurance proceeds to the Purchaser, remit to Purchase
                  any
                  insurance proceeds received by Seller and shall permit Purchaser
                  to
                  conduct any remaining settlement or other negotiations with the
                  insurer as
                  to the amount of proceeds payable on account of the
                  Damage.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

            <tr valign="top">
              <td style="WIDTH: 36pt">
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
                  the purposes of this <u>Section 5.1</u>, Damage shall be deemed to be
                  <strong>&#8220;Material&#8221; </strong>if the cost of repairing the Damage equals or
                  exceeds the Purchase Price. The cost of repairing the Damage shall
                  be
                  determined in the following manner: Within 10 days after the Damage
                  occurs, each party shall designate an engineering firm to act on
                  its
                  behalf, and the firms designated shall promptly consult with each
                  other in
                  an attempt to mutually agree upon the cost of repairing the Damage.
                  If the
                  firms cannot agree on the cost within the 10-day period after they
                  have
                  both been designated, they shall, within five days after such 10-day
                  period, designate a third engineering firm, which. shall be instructed
                  to
                  determine the cost of repairing the Damage within 10 days after
                  its
                  designation. The cost of repairing the Damage as determined by
                  the third
                  engineering firm shall be
                  conclusive.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Condemnation.
        </strong>After the Effective Date, in the event of a taking or threatened
        taking
        by condemnation or similar proceedings or actions of all the Property, or
        any
        portion of the Property, Purchaser shall have the option to terminate this
        Agreement upon written notice to Seller within five (5) business days after
        Purchaser receives notice of such taking or of such threatened taking, and
        upon
        receipt of such notice Seller shall promptly refund the Earnest Money to
        Purchaser. If Purchaser does not exercise its option under the immediately
        preceding sentence of this Section to terminate this Agreement, then the
        Agreement shall remain in full force and effect and Seller shall assign or
        pay
        to Purchaser at Closing, Seller&#8217;s entire interest in and to any and all
        condemnation awards or proceeds from any such proceedings or actions in lieu
        thereof.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        VI</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>DEFAULTS</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Default
        by Seller. </strong>In the event Purchaser is ready, willing and able to deliver
        all required items and close at the appointed time as provided herein, Seller
        defaults in its obligations to sell the Property, Purchaser shall be entitled,
        as its sole and exclusive remedy, to the return of the Earnest Money and
        reimbursement from Seller to Purchaser of its actual out-of-pocket expenses
        incurred in connection with this transaction, which return and payment shall
        operate to terminate this Agreement and release Seller from any and all duties,
        obligations and liability hereunder.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">6.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Default
        by Purchaser. </strong>In the event Seller is ready, willing and able to deliver
        all required items and close at the appointed time as provided herein and
        Purchaser defaults in its obligations to purchase the Property, Seller may,
        as
        its sole and exclusive remedy for such breach, terminate this Agreement by
        written notice to Purchaser and the Title Agent, and upon any such termination
        the Title Agent shall immediately deliver the Earnest Money to Seller as
        liquidated damages for the breach of this Agreement, it being agreed between
        the
        parties hereto that the actual damages to Seller in the event of such breach
        are
        impractical to ascertain and the amount of the Earnest Money is a reasonable
        estimate thereof. Seller expressly waives its right to specific performance
        or
        damages against Purchaser.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ARTICLE
        VII</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>MISCELLANEOUS</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Notices.
        </strong>Any notice, request, demand, instruction or other communication
        to be
        given to either party hereunder, shall be in writing and shall either be
        (i)
        hand-delivered; (ii) sent by recognized overnight mail service, or (iii)sent
        by
        confirmed telephone facsimile transmission to Seller, Seller&#8217;s attorney,
        Purchaser and Purchaser&#8217;s attorney, at their respective addresses set forth
        below. Notice shall be deemed to have been given upon receipt or refusal
        of
        delivery of said notice. The addressees and addresses for purposes of this
        paragraph may be changed by giving notice. Unless and until such written
        notice
        is received the last addressee and address stated herein shall be deemed
        to
        continue in effect for purposes hereunder. Such notices shall be given to
        the
        parties hereto at the following addresses or, if given by facsimile transmission
        over the telephone, at the following FAX numbers:</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table cellpadding="0" cellspacing="0" width="92%">

          <tr>
            <td align="justify" valign="top" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">If
                to Seller,
                to:</font></font></div>
            </td>
            <td align="justify" valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Standard
                Motor Products, Inc.</font></div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">cc:
                  William D. Hayward</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">37-18
                Northern Blvd.</font></div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">Hiersche,
                  Hayward, Drakeley,
                  &amp;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt;">Urbach</font></font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Long
                Island City, NY 11101</font></div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">15303
                  Dallas Pkwy, Suite 700</font></div>
              </div>
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          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telephone:
                718-392-0200</font></div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Addison,
                  Texas 75001</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telecopier:
                718-784-3284</font></div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telephone:
                  972-701-7004</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telecopier:
                  972-701-8765</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">If
                  to Purchaser, to:</font></div>
              </div>
            </td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Jon
                  Thompson</font></div>
              </div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">cc:
                  William M. Warren</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">The
                  Leather Factory, L.P.</font></div>
              </div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Loe,
                  Warren, Rosenfield, Kaitcer, Hibbs&amp; Windsor,
                  P.C.</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">P.O.
                  Box 50429</font></div>
              </div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">P.O.
                  Box 100609</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Fort
                  Worth, Texas 76105</font></div>
              </div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4420
                  W. Vickery Blvd.</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telephone:
                  817-496-4414</font></div>
              </div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Fort
                  Worth, Texas 76185-0609</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telecopier:
                  817-496-9806</font></div>
              </div>
            </td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telephone:
                  817-377-0060</font></div>
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Telecopier:
                  817-377-1120</font></div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Brokerage
        Fees and Commissions. </strong>Conditioned upon the actual consummation of the
        sale contemplated hereby, Seller agrees to pay commission to Trey Fricke,
        Lee
&amp; Associates, 5050 Quorum Dr., Suite 460, Dallas, Texas 75254
        (<strong>&#8220;</strong><strong>Broker&#8221;) </strong>pursuant to separate Brokerage
        Agreement executed between Seller and Broker, and Seller agree to pay commission
        of three percent (3%) to The Staubach Company, 201 Main Street, Suite 1810,
        Fort
        Worth, Texas, 76102. If the sale contemplated hereby is not actually consummated
        for any reason, including the default of either or both parties, no commission
        shall be payable.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Entire
        Agreement. </strong>This Agreement embodies and constitutes the entire
        understanding between the parties hereto with respect to the transactions
        contemplated herein, and all prior or contemporaneous agreements,
        understandings, representations and statements, oral or written, are merged
        into
        this Agreement.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Modification.
        </strong>Neither this Agreement nor any provision hereof may be waived,
        modified, amended, discharged or terminated except as provided herein or
        by an
        instrument in writing, signed by the party against which the enforcement
        of such
        waiver, modification, amendment, discharge or termination is sought, and
        then
        only to the extent set forth in such instrument.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Applicable
        Law. </strong>THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
        WITH, THE LAWS OF THE STATE OF TEXAS.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Headings.
        </strong>Descriptive headings are used in this Agreement for convenience
        only
        and shall not control, limit, amplify or otherwise modify or affect the meaning
        or construction of any provision of this Agreement.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.7&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Binding
        Effect. </strong>Subject to the provisions of <u>Section 7.8</u>, this Agreement
        shall be binding upon and shall inure to the benefit of the parties hereto
        and
        their respective permitted successors and assigns.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.8&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Assignment.
        </strong>Purchaser shall not assign this Agreement, in whole or in part,
        without
        Seller&#8217;s written consent. Any such assignment shall be null and
        void.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.9&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Discharge
        of Obligations. </strong>The acceptance of the Deed by Purchaser shall be deemed
        to be a fall performance and discharge of every representation and warranty
        made
        by Seller herein and every agreement and obligation on the part of Seller
        to be
        performed pursuant to the provisions of this Agreement, except those, if
        any,
        which are herein specifically stated to survive Closing.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.10&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Time
        of Essence. </strong>Time is of the essence of this Agreement and of each
        covenant and agreement that is to be performed at a particular time or within
        a
        particular period of time. However, if the final date of any period which
        is set
        out in any provision of this Agreement or the Closing Date falls on a Saturday,
        Sunday or legal holiday under the laws of the United States or the State
        of
        Texas, then the time of such period or the Closing Date, as the case may
        be,
        shall be extended to the next date which is not a Saturday, Sunday or legal
        holiday.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.11&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Invalid
        Provision. </strong>If any provision of this Agreement is held to be illegal,
        invalid or unenforceable under present or future laws, such provision shall
        be
        fully severable; this Agreement shall be construed and enforced as if such
        illegal, invalid or unenforceable provision had never comprised a part of
        this
        Agreement; and the remaining provisions of this Agreement shall remain in
        full
        force and effect and shall not be affected by such illegal, invalid or
        unenforceable provision or by its severance from this
        Agreement.</font></div>
    </div><br>
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      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
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        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.12&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Disclaimers.</strong></font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;AS
        A MATERIAL INDUCEMENT TO SELLER TO ENTER INTO THIS AGREEMENT AND TO SELL
        THE
        PROPERTY TO PURCHASER, PURCHASER HEREBY ACKNOWLEDGES AND AGREES
        THAT;&#160;&#160;&#160;(i) PURCHASER IS PURCHASING THE PROPERTY IN &#8220;AS IS, WHERE
        IS CONDITION, WITH ALL FAULTS&#8221;; (ii) PURCHASER IS PURCHASING THE PROPERTY
        SUBJECT TO ALL EXISTING LAWS,&#160;&#160;STATUTES, ORDINANCES, CODES, RULES AND
        REGULATIONS, AND PURCHASER SHALL BE RESPONSIBLE FOR THE PAYMENT OF ALL
        CONNECTION CHARGES, PRO RATA FEES, DEVELOPER LIABILITY PAYMENTS AND LIKE
        CHARGES, FEES AND PAYMENTS REQUIRED IN CONNECTION WITH THE UTILIZATION OF
        UTILITIES, ROADS OR OTHER SIMILAR IMPROVEMENTS TO SERVE THE PROPERTY AND/OR
        ANY
        IMPROVEMENTS EXISTING OR HEREAFTER CONSTRUCTED OR PLACED THEREON; (HI) EXCEPT
        AS
        EXPRESSLY SET FORTH IN THIS AGREEMENT AND EXCEPT FOR THE SPECIAL WARRANTY
        OF
        TITLE CONTAINED IN THE DEED, NEITHER SELLER NOR ANY PARTY REPRESENTING SELLER
        HAS MADE ANY WARRANTY OR REPRESENTATION TO PURCHASER, EXPRESS OR IMPLIED,
        ORAL
        OR WRITTEN, WITH RESPECT TO THE
        PROPERTY,&#160;INCLUDING,&#160;WITHOUT&#160;LIMITATION,&#160;ANY&#160;WARRANTIES&#160;OR
        REPRESENTATIONS CONCERNING HABITABILITY, SUITABILITY, MERCHANTABILITY,
        WORKMANSHIP, ENVIRONMENTAL CONDITIONS, INCOME TO BE DERIVED FROM THE PROPERTY,
        EXPENSES TO BE INCURRED IN CONNECTION WITH THE PROPERTY, ZONING, BUILDING
        CODE,
        PLATTING, SUBDIVISION, ACCESS, AVAILABILITY OF UTILITIES OR COMPLIANCE WITH
        ANY
        LAWS, STATUTES, ORDINANCES, CODES, RULES OR REGULATIONS; AND (IV) EXCEPT
        FOR THE
        EXPRESS WARRANTIES AND REPRESENTATIONS CONTAINED IN THIS AGREEMENT AND THE
        SPECIAL WARRANTY OF TITLE CONTAINED IN THE DEED, PURCHASER WILL NOT RELY
        ON ANY
        WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, ORAL OR WRITTEN, OF SELLER
        OR
        ANY PARTY REPRESENTING SELLER BUT INSTEAD WILL RELY ON
        PURCHASER&#8217;S&#160;AND&#160;ANY&#160;CONSULTANT(S)&#8217;&#160;INSPECTIONS,&#160;TESTS,&#160;SURVEYS,
        PROCEDURES AND INVESTIGATIONS OF THE PROPERTY.&#160;&#160;PURCHASER FURTHER
        ACKNOWLEDGES AND AGREES THAT ANY REPORTS, AUDITS, ASSESSMENTS,
        STUDIES&#160;&#160;OR OTHER INFORMATION WITH RESPECT OR PERTAINING TO THE
        PROPERTY&#160;&#160;FURNISHED&#160;TO&#160;PURCHASER&#160;BY&#160;SELLER&#160;&#160;(INCLUDING,&#160;WITHOUT
        LIMITATION, ANY ENVIRONMENTAL REPORTS AND ANY ENGINEERING REPORTS) OR BY
        ANY
        PARTY REPRESENTING SELLER HAVE BEEN PROVIDED BY SELLER TO PURCHASER WITHOUT
        ANY
        WARRANTY OR REPRESENTATION, EXPRESS&#160;&#160;OR IMPLIED, ORAL OR WRITTEN,
        CONCERNING THE ADEQUACY OR THE ACCURACY THEREOF AND THAT PURCHASER WILL NOT
        RELY
        THEREON BUT INSTEAD WILL RELY ON PURCHASER&#8217;S OR ON THE APPLICABLE CONSULTANT(S)&#8217;
INVESTIGATIONS OF THE PROPERTY TO DETERMINE WHETHER THE PROPERTY IS IN A
        CONDITION . SATISFACTORY TO PURCHASER AND WHETHER THE PROPERTY IS SUITABLE
        FOR
        PURCHASER&#8217;S INTENDED USE. The deed conveying the property to Purchaser at
        Closing shall contain a provision substantially identical to that which is
        set
        forth above.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;IF
        THIS AGREEMENT IS CLOSED, AS A MATERIAL INDUCEMENT TO SELLER TO SELL THE
        PROPERTY TO PURCHASER, PURCHASER AGREES THAT: (i) PURCHASER IS EXPRESSLY
        ASSUMING ALL RISKS, DUTIES AND OBLIGATIONS ARISING OR RESULTING FROM THE
        EXISTENCE OF ANY ADVERSE CONDITION IN, ON, UNDER OR ABOUT THE PROPERTY; AND
        (ii)
        EXCEPT IN THE INSTANCE OF FRAUD, PURCHASER HEREBY RELEASES SELLER AND SELLER&#8217;S
        EMPLOYEES, AGENTS AND CONTRACTORS FROM ALL RESPONSIBILITY AND LIABILITY FOR
        ANY
        AND ALL COSTS, EXPENSES (INCLUDING, WITHOUT LIMITATION, ATTORNEYS&#8217; FEES,
        ATTORNEYS&#8217; DISBURSEMENTS AND COURT COSTS), DAMAGES, LOSSES, CLAIMS, CAUSES OF
        ACTION, LIABILITIES, LIENS, ENCUMBRANCES, PENALTIES, FINES AND CHARGES,
        REGARDLESS OF WHETHER ANY OF SUCH CLAIMS, CAUSES OF ACTIONS OR OTHER MATTERS
        ARE
        FOUNDED IN WHOLE OR IN PART UPON THE ALLEGED OR ACTUAL NEGLIGENCE OR STRICT
        LIABILITY OF SELLER OR SELLER&#8217;S EMPLOYEES, AGENTS AND CONTRACTORS, ARISING OR
        RESULTING FROM OR PERTAINING IN ANY WAY TO THE CONDITION, VALUATION OR UTILITY
        OF THE PROPERTY OTHER THAN THOSE <em>(</em>IF ANY) ARISING OUT OF ANY OF THE
        WARRANTIES AND REPRESENTATIONS CONTAINED IN THIS AGREEMENT BEING
        INCORRECT.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">PURCHASER
        AND SELLER AGREE THAT THE PROVISIONS OF THIS <u>SECTION 7.12</u> SHALL SURVIVE
        THE CLOSING OF THE TRANSACTION CONTEMPLATED BY THIS
        AGREEMENT.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.13&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>No
        Third Party Beneficiary.</strong> The provisions of this Agreement and of the
        documents to be executed and delivered at Closing are and will be for the
        benefit of Seller and Purchaser only and are not for the benefit of any third
        party, and accordingly, no third party shall have the right to enforce the
        provisions of this Agreement or of the documents to be executed and delivered
        at
        Closing.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.14&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Termination
        of Agreement.</strong> It is understood and agreed that if either Purchaser or
        Seller terminates this Agreement pursuant to a right of termination granted
        hereunder, such termination shall operate to relieve Seller and Purchaser
        from
        all obligations under this Agreement, except for such obligations as are
        specifically stated herein to survive the termination of this
        Agreement.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.15&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Cross
        Indemnification.</strong> Anything to the contrary herein notwithstanding,
        Seller shall defend, indemnify and hold harmless Purchaser from all loss,
        expense (including reasonable counsel fees), damage and liability resulting
        from
        (a) claims of mechanics and materialmen based on work performed on or at
        the
        Property prior to the Closing, and (b) tort claims (including, without
        limitation, for bodily injury, wrongful death or property damage) against
        Purchaser or the Property based on causes of action which arose or accrued
        prior
        to the Closing, and (c) contract claims arising by, through, or under Seller,
        by
        tenants, employees, contractors, or utility companies, with respect to matters
        that occurred or obligations which accrued prior to the Closing. Except as
        otherwise expressly provided in this Agreement, including any express waivers
        by
        Seller, Purchaser shall defend, indemnify and hold harmless Seller from all
        loss, expense (including reasonable counsel fees), damage and liability
        resulting from (a) claims of mechanics and materialmen based on work performed
        on or at the Property on or subsequent to the Closing, and (b) tort claims
        (including, without limitation, for bodily injury, wrongful death or property
        damage) against Seller based on causes of action which arose or accrued on
        or
        subsequent to the Closing, and (c) contract claims arising by, through or
        under
        Purchaser, by tenants, employees, contractors, or utility companies, with
        respect to matters that occurred or obligations which accrued on or subsequent
        to the Closing. The indemnification obligations of Purchaser and Seller,
        as set
        forth under this <u>Section 7.14</u> shall survive the Closing or any
        termination of this Agreement.</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.16&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Further
        Assurances. </strong>Each party shall, when requested by the other party hereto,
        cause to be executed, acknowledged and delivered such further instruments
        and
        documents as may be necessary and proper, in the reasonable opinion of the
        requesting party, in order to carry out the intent and purpose of this
        Agreement; provided, however this <u>Section 7.15</u> shall not be construed to
        increase the economic obligations or liabilities of either party
        hereto.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.17&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Non-Disclosure.
        </strong>Except to the extent required by law, reasonably necessary for
        Purchaser to obtain financing for the transaction, or either party&#8217;s
        consultation with its professionals in order to comply with the terms of
        this
        Agreement, neither party will, without the prior written consent of the other
        party, and each will direct its representatives not to make, directly or
        indirectly, any public comment, statement, or communication with respect
        to, or
        otherwise to disclosure or to permit the disclosure of the existence of
        discussions regarding a possible transaction among the parties or any of
        the
        terms, conditions, or other aspects of the transaction among the parties
        or any
        of the terms, conditions, or other aspects of the transaction proposed in
        this
        Agreement. If a party is required by law to make any such disclosure, it
        must
        first provide to the other party the content of the proposed disclosure,
        the
        reasons that such disclosure is required by law and the time and place that
        the
        disclosure will be made.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">7.18&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<strong>Multiple
        Counterparts. </strong>This Agreement maybe executed in a number of identical
        counterparts, each of which for all purposes is deemed original, and all
        of
        which constitute collectively one agreement. For purposes of this Agreement,
        facsimile signatures shall be deemed originals. Notwithstanding any other
        provisions of this Agreement, the parties hereto agree that the execution
        of
        this Agreement and any amendments hereto may be conducted by electronic means
        as
        provided by the Uniform Electronic Transactions Act as enacted in the State
        of
        Texas.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>[SIGNATURES
        ON NEXT PAGE]</strong></font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">IN
        WITNESS WHEREOF, Seller and Purchaser have executed this Agreement to be
        effective as of the Effective Date.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div>&#160;</div>
      <div>&#160;</div>
    </div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>SELLER:</strong></font></div>
            </td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>STANDARD
                MOTOR PRODUCTS, INC.</strong></font></div>
            </td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
            </td>
            <td align="left" valign="top" width="43%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/
                Robert H. Martin</font></div>
            </td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Name:</font></div>
            </td>
            <td align="left" valign="top" width="43%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">ROBERT
                H. MARTIN</font></div>
            </td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title:</font></div>
            </td>
            <td align="left" valign="top" width="43%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">TREASURER</font></div>
            </td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>BUYER:</strong></font></div>
            </td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>THE
                LEATHER FACTORY, L.P.,</strong></font></div>
            </td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
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            <td align="left" valign="top" width="43%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;/s/
                Ron C. Morgan</font></div>
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            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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    <div>&#160;</div>
    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font>
      <div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>

  <head>
    <title>ex99_1.htm</title>
<!-- Licensed to: EDGARfilings, Ltd.-->
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</head>
  <body bgcolor="#ffffff">
    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div>
    <div align="left">&#160;

      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;<img src="logo1.jpg" alt=""></font></td>
              <td valign="top" width="70%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: times new roman;"><strong><a name="ex99-1">Tandy
                  Leather Factory, Inc.</a></strong></font></div>
                <div>&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">3847
                  E Loop 820 South &#8211; PO Box 50429 &#8211; Fort Worth,
                  TX&#160;76105-0429</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Phone:
                  817-496-4414 &#8211; Fax: 817-469-9806 &#8211; Toll Free 800-433-3201</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font>
                  <hr style="COLOR: black" align="left" noshade size="2" width="100%">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Tandy
                  Leather Factory, Inc. is an American Stock Exchange Company
                  &#8220;TLF&#8221;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="54%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>FOR
                IMMEDIATE RELEASE</strong></font></div>
            </td>
            <td valign="top" width="46%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>August
                6, 2007</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Tandy&#160;Leather&#160;Factory&#160;Purchases&#160;Building
      for New Corporate Headquarters</strong></font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">FORT
      WORTH, TEXAS &#8211; Tandy Leather Factory, Inc. (AMEX: TLF) announced today that it
      has purchased a 195,000 square foot facility from Standard Motor Products,
      Inc.
      (NYSE: SMP) for its new corporate headquarters and central
      warehouse.&#160;&#160;The building is located on approximately 30 acres at 1900
      SE Loop 820 in Fort Worth, Texas. The purchase price was $4.5
      million.&#160;&#160;The company has entered into a credit agreement with
      JPMorgan Chase Bank, N.A. for $5.5 million to finance the purchase of the
      property and anticipated improvements.</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Chief
      Executive Officer and President, Ron Morgan, commented, &#8220;We believe this
      purchase is a big step forward in managing our central operations more
      efficiently.&#160;&#160;Having all of our support units (warehouse, factory,
      advertising, accounting, etc.) in one building, rather than divided up between
      four as we do now in our current facility, makes a lot of sense as we continue
      to expand our store chain.&#160;&#160;We expect to be in the new facility by the
      end of the first quarter of 2008.&#8221;</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Shannon
      Greene, Chief Financial Officer, commented, &#8220;There is no more available space in
      our current facility.&#160;&#160;This new facility is about 50% larger than our
      current space, which is more than we need today, but as we continue to open
      stores, our warehouse shipping and receiving departments, in particular, are
      going to need it.&#160;&#160;While moving is always stressful, the efficiencies
      we will gain by being in one building will pay off in the long
      run.&#160;&#160;We expect we&#8217;ll spend approximately $2 million on remodel and
      improvements which will bring the total cost of the facility to $34 per square
      foot.&#160;&#160;We entertained the idea of building a facility but the $90 per
      square foot price tag was a deterrent.&#8221;</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Tandy
      Leather Factory, Inc., <u>(http://www.tandyleatherfactory.com</u>),
      headquartered in Fort Worth, Texas, is a specialty retailer and wholesale
      distributor of a broad product line including leather, leatherworking tools,
      buckles and adornments for belts, leather dyes and finishes, saddle and tack
      hardware, and do-it-yourself kits. The Company distributes its products through
      its 29 Leather Factory stores, located in 19 states and 3 Canadian provinces,
      70
      Tandy Leather retail stores, located in 33 states and 5 Canadian provinces,
      and
      Mid-Continent Leather Sales, one store located in Oklahoma.&#160;&#160;Its
      common stock trades on the American Stock Exchange with the symbol
      "TLF".</font></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top">
            <td style="WIDTH: 54pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Contact:</font></div>
            </td>
            <td style="WIDTH: 198pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Ron
                Morgan, Tandy Leather Factory, Inc.</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(817)
                496-4414</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top">
            <td style="WIDTH: 54pt">
            </td>
            <td style="WIDTH: 198pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Shannon
                L Greene, Tandy Leather Factory, Inc.</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>sgreene@tandyleather.com</u></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
      news
      release may contain forward-looking statements.&#160;&#160;All forward-looking
      statements made here or in other news releases issued by Tandy Leather Factory,
      Inc. (TLF) are based on current expectations as of the date of the
      release.&#160;&#160;These forward-looking statements involve risks and
      uncertainties that could cause the results of Tandy Leather Factory, Inc. to
      differ materially from management&#8217;s current expectations.&#160;&#160;Many of
      these risks and uncertainties are detailed from time to time in TLF&#8217;s reports
      filed with the Securities and Exchange Commission, including its most recent
      annual report on Form 10-K and the most recent quarterly report on Form
      10-Q.&#160;&#160;In addition, investors should be aware that there are business
      risks associated with opening a new chain of retail stores.&#160;&#160;These
      risks include the possibility that stores will not be economically successful
      or
      that economic conditions will impede their profitability.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Importers,
        Exporters, Manufacturers, Distributors, Retailers of Leathers, Leathercraft
        Supplies, Hardware, Findings and Finishes</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
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        <hr style="COLOR: black" align="left" noshade size="2" width="100%">
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
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<DESCRIPTION>LOGO2
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
