Agmt10 Schrader Leask Development, Inc.

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(a) Purchase Price. The purchase price for the Property shall be Two Million Eight Hundred Thousand Dollars ($2,800,000) (the "Purchase Price "). If Optionee exercises the Option, the Purchase Price shall be paid by Optionee to Owner at the Closing as follows: (a) Optionee shall receive a credit to the Purchase Price equal to the sum of the Option Payment, the Initial Deposit, and all Applicable Deposits made by Optionee, plus all interest accrued on the Deposits while in Escrow, and (b) Optionee shall deposit into the Escrow at or prior to the Closing for delivery to Owner a sum (the "Closing Payment ") equal to the balance of the Purchase Price. (b) Relocation Compensation. Owner has informed Optionee that the Property currently is leased to General Hardware and Builders Supply, Inc. (the "Tenant ") pursuant to a Standard Industrial /Commercial Single- Tenant Lease dated February 1, 2001 (the "Existing Lease "). If the Closing occurs, then effective as of the Closing (i) Owner shall cause the Existing Lease to be terminated, and (ii) Optionee shall lease -back the Property to the Tenant pursuant to a lease agreement executed and delivered by Optionee and the Tenant at the Closing, in the form of Exhibit F attached hereto (the "New Lease "). Among other things, the New Lease shall grant Optionee the right to terminate the New Lease following notice to the Tenant, as specifically set forth in the New Lease. In addition to the Purchase Price, if the Closing occurs, then provided the Tenant executes and delivers to Optionee the New Lease and the Hazardous Materials Disclosure Certificate contemplated by the New Lease, Optionee shall deposit in Escrow (for release to the Tenant upon the Closing) the sum of Five Hundred Thousand Dollars ($500,000) (the "Relocation Compensation ") as full and complete compensation to Tenant to cover Tenant's costs to relocate its business to another location and for disruption to its business. 4. Escrow. (a) Opening of Escrow. Promptly after the full execution and delivery of this Agreement, the parties will open an escrow (the "Escrow ") with Escrow Holder and shall deposit with Escrow Holder a copy of this fully executed Agreement, or executed counterparts hereof. The "Opening of Escrow" shall be deemed to have occurred on the date following the execution and delivery of this Agreement by Optionee and Owner that Escrow Holder executes the "Acceptance of Escrow Holder" immediately following the signature pages of this Agreement (the "Acceptance ") and returns to Optionee and Owner such Acceptance. (b) Instructions and Fees. This Agreement constitutes joint instructions to the Escrow Holder to consummate the purchase in accordance with the terms and provisions hereof; provided, however, that the parties shall execute such additional escrow instructions, not inconsistent with the provisions hereof, as may be deemed reasonably necessary to carry out the intentions of the parties as expressed herein. If the Closing occurs, Optionee shall pay the cost of the title insurance premium for the Title Policy (as defined in Paragraph 5(c)) and City and County documentary transfer taxes, if any. If the Closing occurs, Owner shall pay the costs of removing any exceptions to title (other than Permitted Exceptions), as defined in Paragraph 5 a , and Personal Property Encumbrances, as defined in Paragraph 5(d). Escrow Fees, recording fees, and any other closing costs shall be borne by the parties in accordance with the custom of the County. Option Agreement 80 Chemical 10.01. 2010 v.7 6