Agmt10 Schrader Leask Development, Inc.

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claims, and defects other than the Permitted Exceptions. No person or entity holds any rights to purchase or otherwise acquire all or any portion of the Property (or interest therein), including pursuant to any Option Agreement, option, right of first offer, right of first refusal, gift or other agreement. (h) Other Contracts. Exhibit E to this Agreement sets forth a complete and accurate list of Contracts (other than insurance policies) affecting the Property, and neither Owner nor any provider under any of the Contracts has asserted any breach or default thereunder. Owner has not received any written notice of a Owner default and Owner has no knowledge of any existing Owner defaults under the Contracts. Owner has not received any written notice of a default by another party, and Owner has no knowledge of any existing other party default under the Contracts. Prior to Closing, Owner shall not amend any existing Contract or enter into any new Contract affecting the Property that will survive the Closing, or that would otherwise affect the use, operation or enjoyment of the Property after Closing, without Optionee's prior written approval. (i) No Commitments. Owner has not made any commitments to any governmental authority, to any adjoining property owner, or to any other organization, group, individual or entity relating to the Real Property which would impose any obligations upon Optionee to make any contributions of money or land or to install or maintain any improvements. (j) Leases. Other than the Existing Lease, Owner has not executed and is not aware of any other leases, tenancies, subleases, or occupancy agreements affecting the Real Property or any part of the Real Property. Owner is the current landlord under the Existing Lease. Owner is not in default under the Existing Lease and to Owner's knowledge no default on the part of Tenant exists (and no event has occurred that with the passage of time or the giving of notice, or both, that would be a default) under the Existing Lease. Owner has not assigned or otherwise transferred any interest in the Existing Lease to any other party and Owner has not consented to any sublease or assignment of the Existing Lease by the Tenant. As of the Agreement Date and as of the Closing, there shall be no outstanding leasing costs, including without limitation commissions, free rent, tenant improvement costs or allowances, or other tenant inducements or concessions owing by the landlord under the Existing Lease. (k) Rights of Third Parties. Owner has not alienated, encumbered, transferred, leased, assigned or otherwise conveyed its interest in the Property or any portion thereof except as set forth in the Title Report, and shall not enter into any such agreement that will not be removed prior to the Closing. There are no claims pending or threatened by any third party against Owner or any Owner Party relating to the Property. (1) Binding Agreement. This Agreement constitutes the legal, valid and binding obligation of Owner and is enforceable in accordance with its terms against Owner subject only to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles affecting or limiting the rights of contracting parties generally. (m) Support of Project. As a material inducement to Optionee's execution of and performance under this Agreement, for so long as this Agreement remains in effect and is not terminated prior to the Closing, Owner shall not challenge, oppose or impede, either directly Option Agreement 80 Chemical 10.01. 2010 v.7 16