Document:

PURCHASE AGREEMENT

               Tractor Supply, Marion, Indiana

      This Purchase Agreement (the "Agreement") entered into
and  effective as of the 21st day of January, 2005,  by  and
between  Brody  Capital Management, Inc. (the "Seller")  and
AEI  Fund Management, Inc., a Minnesota corporation, or  its
assigns (the "Buyer").

1.    PROPERTY.  Seller holds an undivided 100% interest  in
the   fee  title  to  that  certain  real  property  legally
described  in  the  attached  Exhibit  "A"  (the  "Parcel").
Seller  wishes  to  sell and Buyer wishes  to  purchase  the
Parcel  and  all improvements thereon upon which Seller  has
developed a Tractor Supply Store (the "Improvements") on the
Parcel  (the  Parcel and the Improvements collectively,  the
"Property").

2.    LEASE.   The  Property is being  sold  subject  to  an
existing  Lease  of the Property by and between  Seller,  as
lessor, and Tractor Supply Company as lessee (the "Lessee"),
dated                 (the "Lease").  Buyer shall  have  the
right  to  review  and  approve  such  Lease  in  its   sole
discretion.

3.   CLOSING DATE.  The closing date on the Buyer's purchase
of the Property shall be on or before February 22, 2005 (the
"Closing  Date"),  but in any event after Lessee  has  taken
occupancy   of   the   Property   and   has   commenced   or
simultaneously begins paying rent under the Lease.

4.   PURCHASE PRICE.  The purchase price for the Property is
$2,900,000,   If   all  conditions  precedent   to   Buyer's
obligations  to  purchase have been satisfied,  Buyer  shall
deposit  the  Purchase Price in cash with  a  title  company
acceptable  to Buyer as described in Article 6  hereof  (the
"Closing Agent") on the Closing Date.

     Within five (5) business days of full execution of this
Agreement  by  all parties, Buyer will deposit $25,000  (the
"Earnest Money") in an interest bearing escrow account  with
the  Closing  Agent,  Lawyers Title  Insurance  Corporation,
Marion,  Indiana offices. The Earnest Money will be credited
against the Purchase Price paid by Buyer at closing when and
if  the transaction contemplated herein closes and the  sale
is completed.  The accrued interest will be paid to Buyer at
closing  when  and  if  the transaction contemplated  herein
closes  and  the sale is completed.  In all other  instances
interest is to be paid to Buyer.

      The  balance of the Purchase Price in cash  is  to  be
deposited  by Buyer into an escrow account with the  Closing
Agent on the Closing Date.

5.    ESCROW.   Escrow shall be opened by  Seller  with  the
Closing  Agent upon execution of this Agreement. A  copy  of
this  Agreement  will be delivered to the Closing  Agent  by
Seller  and will serve as escrow instructions together  with
any  additional instructions required by Seller and/or Buyer
or  their  respective counsels.  Seller and Buyer  agree  to
cooperate  with  the Closing Agent and sign  any  additional
instructions  reasonably required by the  Closing  Agent  to
close  escrow.  If there is any conflict between  any  other
instructions  and  this  Agreement,  this  Agreement   shall
control.

6.    TITLE.  Seller shall deliver to Buyer a commitment for
an  ALTA  Owner's Policy of Title Insurance (ALTA owner-most
recent  edition)  issued by the Closing  Agent  (the  "Title
Company"),  insuring  marketable  title  in  the   Property,
subject  only  to  such  matters as Buyer  may  approve  and
contain  such  endorsements as Buyer may require,  including
extended  coverage and owner's comprehensive  coverage  (the
"Title Commitment").  The Title Commitment shall show Seller
as  the present fee owner of the Property and show Buyer  as
the fee owner to be insured.

The Title Commitment shall also include:

      (a)    an  itemization of all outstanding and  pending
special assessments and an              itemization of taxes
affecting  the  Property  and the tax  year  to  which  they
relate;

      (b)  shall state whether taxes are current and if not,
show the amounts unpaid;

     (c)  the  tax parcel identification numbers and whether
          the  tax  parcel includes property other than  the
          Property to be purchased.

      All easements, restrictions, documents and other items
affecting title shall be listed in Schedule "B" of the Title
Commitment.    Copies  of  all  instruments  creating   such
exceptions must be attached to the Title Commitment.

      Buyer  shall be allowed ten (10) business  days  after
receipt of the Title Commitment and copies of all underlying
documents or until the end of the First Contingency  Period,
whichever is later to be consistent with Article 8.01 hereof
(but  in  no event beyond February 22, 2005) for examination
and the making of any objections thereto, said objections to
be  made in writing or deemed waived.  If any objections are
so  made,  the Seller shall be allowed thirty (30)  days  to
cure  such  objections  or in the alternative  to  obtain  a
commitment   for  insurable  title  insuring  over   Buyer's
objections.   If Seller shall decide to make no  efforts  to
cure  Buyer's  objections, or is unable to obtain  insurable
title  within  said thirty (30) day period,  this  Agreement
shall  be  null and void and of no further force and  effect
(and  the  Earnest Money and interest shall be  returned  in
full  to Buyer immediately and neither party shall have  any
further duties or obligations to the other hereunder).

      The  Buyer shall also have five (5) business  days  to
review  and  approve  any easement, lien,  hypothecation  or
other  encumbrance placed of record affecting  the  Property
after  the  date of the Title Commitment. If necessary,  the
Closing  Date  shall  be  extended by  the  number  of  days
necessary  for the Buyer to have five (5) business  days  to
review  any such items (but in no event beyond February  22,
2005).   Such  five  (5) business day  review  period  shall
commence  on the date the Buyer is provided with  a  legible
copy of the instrument creating such exception to title.

     The  Seller  agrees  to inform the Buyer  of  any  item
executed  by  the  Seller  placed of  record  affecting  the
Property  after  the date of the Title Commitment.   If  any
objections  are so made, the Seller shall be allowed  thirty
(30)  days to cure such objections or in the alternative  to
obtain  a  commitment  for  insurable  title  insuring  over
Buyer's  objections.   If Seller shall  decide  to  make  no
efforts  to cure Buyer's objections, or is unable to  obtain
insurable  title  within said thirty (30) day  period,  this
Agreement shall be null and void and of no further force and
effect (and the Earnest Money and interest shall be returned
in  full  to Buyer immediately and neither party shall  have
any further duties or obligations to the other hereunder).

7.    SITE  INSPECTION.  As a condition precedent to Buyer's
obligations  hereunder, the Property shall be inspected  and
approved  by  Buyer,  in  Buyer's  sole  discretion.    Said
inspection  shall be completed within seven  days  from  the
date the last party hereto executes this Agreement.

8.    DUE  DILIGENCE AND CONTINGENCY PERIODS.  IN  NO  EVENT
SHALL  ANY REVIEW PERIOD AFFORDED TO BUYER HEREUNDER  EXTEND
BEYOND FEBRUARY 22, 2005, NOTWITHSTANDING ANYTHING HEREAFTER
TO THE CONTRARY:

8.01  FIRST  DUE  DILIGENCE DOCUMENTS AND FIRST  CONTINGENCY
PERIOD.   Buyer  shall have until the end of  the  fifteenth
(15th)  business day after the delivery of all of the  First
Due Diligence Documents, as described below, to be delivered
by Seller at Seller's expense unless specifically designated
herein to be obtained by Buyer, and such documents to be  of
current  or recent date and certified to Buyer, (the  "First
Contingency Period") to conduct all of its inspections,  due
diligence and review to satisfy itself regarding each  item,
the Property and this transaction:

     (a)  The Title Commitment;

     (b)  Current ALTA as-built survey of the Property;

     (c)   Copies  of  the  Lease  and  all  amendments  and
     assignments thereto;

     (d)  Phase  I  environmental assessment report prepared
          by  a  company  satisfactory to  Buyer  containing
          evidence  that  the  Property  complies  with  all
          federal,    state    and    local    environmental
          regulations, and letter from the Company preparing
          such report allowing Buyer to rely on the same;

     (e)  Copies  of the certificates of insurance  for  the
          insurance  polices for Lessee as required  by  the
          Lease;

     (f)  Final   plans   and   specifications   for   the
          Improvements;

     (g)  Soils report;

     (h)  Certificate of Occupancy from the  governing
          municipality and Certificate  of Substantial
          Completion executed by the project architect
          and/or general contractor for the Improvements;

     (i)  Proposed General Warranty Deed;

     (j)  Copy of most recent Real Estate Tax Statement; and

     (k)  Copies of all warranties, and assignments thereof,
          issued to or required to be provided to Lessee as
          designated  in the Lease.

      (All of the above described documents (a) through  (k)
are   hereinafter  collectively  the  "First  Due  Diligence
Documents").

      After  receipt and review of the First  Due  Diligence
Documents or after Buyer's inspection of the Property, Buyer
may  cancel  this  Agreement for  any  reason  in  its  sole
discretion  by  delivering  a  cancellation  notice,  return
receipt requested, to Seller and Closing Agent prior to  the
end  of the First Contingency Period (and the Earnest  Money
and interest shall be returned in full to Buyer immediately)
and   neither  party  shall  have  any  further  duties   or
obligations  to the other hereunder.  Such notice  shall  be
deemed effective upon receipt by Seller.

8.02  FORM  OF CLOSING DOCUMENTS.  Prior to the end  of  the
First  Contingency Period, Seller and Buyer shall  agree  on
the form of the following documents to be delivered to Buyer
on  the  Closing Date by Seller as set  forth in Article  14
hereof:

     (a)  General warranty deed;

     (b)  Seller's Affidavit;

     (c)  FIRPTA Affidavit;

     (d)  Assignment and Assumption of the Lease;

     (e)  Assignment of warranties from the party or parties
          constructing the Improvements on the Property, and
          if such warranties are not assignable on their face,
          the written consents of the assignments thereof by
          the   party giving the warranty from the party  or
          parties constructing the Improvements on the Property;

     (f)  Estoppel from Lessee;

     (g)  Hazardous Substances Indemnification Agreement;

     (h)  Indemnity  of  Seller  in  favor  of  Buyer   over
          representations and warranties(including  but  not
          limited  to  construction matters) for  which  the
          Landlord is liable under the Lease;

In  the  event  that Seller and Buyer do  not  reach  mutual
agreement  on the form of the above described documents  (a)
through  (h)  prior  to  the end of  the  First  Contingency
Period, this Agreement may be terminated by either Seller or
Buyer  and the Earnest Money and interest shall be  returned
in  full  to  the Buyer immediately and neither party  shall
have   any  further  duties  or  obligations  to  the  other
hereunder.

8.03  SECOND  DUE DILIGENCE DOCUMENTS AND SECOND CONTINGENCY
PERIOD.   As  soon as available, but in any event  no  later
than  at  least ten (10) business days prior to the  Closing
Date (the "Second Contingency Period"), Seller shall deliver
to Buyer the following items for review and acceptance:

     Any  documents  or written summary of  facts  known  to
     Seller  that  materially change or  render  incomplete,
     invalid,  or inaccurate any of the First Due  Diligence
     Documents  (collectively,  if  any,  the  "Second   Due
     Diligence Documents").

      Buyer shall have ten (10) business days to examine and
to  accept  all of the above-described Second Due  Diligence
Documents.   After Buyer's receipt and review of the  Second
Due Diligence Documents, Buyer may cancel this Agreement  if
any of the Second Due Diligence Documents are not acceptable
to   Buyer,   in  its  sole  discretion,  by  delivering   a
cancellation  notice,  as provided  herein,  to  Seller  and
Closing  Agent  prior to the end of the  Second  Contingency
Period.  Such notice shall be deemed effective upon  receipt
by  Seller.  If  Buyer  so terminates  this  Agreement,  the
Earnest Money shall be returned in full to Buyer immediately
and  thereafter neither party shall have any further  duties
or obligations to the other hereunder.

       It   shall  be  a  condition  precedent  to   Buyer's
obligations  to  close hereunder that  there  have  been  no
material changes in any of the information reflected in  the
First  or Second Due Diligence Documents after the  date  of
such document and prior to closing.

      Until this Agreement is terminated or the Closing  has
occurred,  the  Seller  shall  deliver  to  the  Buyer   any
documentation  that  comes in the Seller's  possession  that
modifies any of the First or Second Due Diligence Documents,
including the Lease and the Guaranty, or could render any of
the  First  or  Second  Due Diligence  Documents  materially
inaccurate, incomplete or invalid.  The Buyer shall, in  any
event,  have five (5) business days before the Closing  Date
to  review any such document and, if necessary, the  Closing
Date  shall be extended by the number of days necessary  for
the  Buyer to have five (5) business days to review any such
document or documents.

9.    CLOSING COSTS.  Buyer and Seller shall each  pay  one-
half of all costs of closing, including, but not limited to,
the  owner's title insurance policy, recording fees,  escrow
fees,  the  costs  of  the updating and certifying  all  Due
Diligence Documents unless otherwise designated herein to be
paid  by Buyer.  Each party will pay its own attorneys' fees
to close this transaction.

10.   REAL  ESTATE TAXES AND ASSESSMENTS.  Seller represents
to  Buyer that to the best of its knowledge, all real estate
taxes  and  installments  of  special  assessments  due  and
payable  on or before the Closing Date have been or will  be
paid  in  full  as  of the Closing Date. (It  is  understood
between  Seller and Buyer that all unpaid levied and pending
special assessments are paid by the Lessee and shall be  the
responsibility  of  the Lessee under  the  Lease  after  the
Closing Date.)

       In   the  event  Lessee  does  not  pay  any  special
assessments or real estate taxes that are the responsibility
of  the  Lessee under the Lease, Seller and Buyer agreed  to
each  pay its prorata share of said assessments or taxes  as
of the Closing Date.

11.  PRORATIONS. The Buyer and the Seller, as of the Closing
Date,  shall prorate: (i) all rent due under the  Lease,  if
any, (ii) ad valorem taxes, personal property taxes, charges
or  assignments affecting the Property (on a  calendar  year
basis), (iii) utility charges, including charges for  water,
gas,  electricity,  and sewer, if any, (iv)  other  expenses
relating to the Property which have accrued but not paid  as
of   the   Closing  Date,  based  upon  the   most   current
ascertainable   tax   bill   and  other   relevant   billing
information, including any charges arising under any of  the
encumbrances   to   the  Property.   To  the   extent   that
information for any such proration is not available  on  the
Closing  Date or if the actual amount of such taxes, charges
or  expenses differs from the amount used in the  prorations
at  closing,  then  the parties shall make  any  adjustments
necessary  so  that the prorations at closing  are  adjusted
based  upon  the  actual amount of such  taxes,  charges  or
expenses.   The  parties agree to make such reprorations  as
soon  as  possible after the actual amount  of  real  estate
taxes,  charges  or  expenses prorated  at  closing  becomes
available.  (It is understood between Seller and Buyer  that
certain  operating costs of the Property  are  paid  by  the
Lessee  and shall be the responsibility of the Lessee  under
the  Lease after the Closing Date. In the event Lessee  does
not  pay any such costs that are the responsibility  of  the
Lessee under the Lease, Seller and Buyer agreed to each  pay
its prorata share of said costs as of the Closing Date.)

12.    SELLER'S  REPRESENTATIONS  AND  WARRANTIES.    Seller
represents and warrants as of this date and to the  best  of
Seller's knowledge after due inquiry that:

     (a)  Except  for  this Agreement and the Lease  between
          Seller  and Lessee, it is not aware of  any  other
          agreements or leases with respect to the Property;

     (b)  Seller  has  all requisite power and authority  to
          consummate  the transaction contemplated  by  this
          Agreement  and  has  by  proper  proceedings  duly
          authorized  the  execution and  delivery  of  this
          Agreement  and the consummation of the transaction
          contemplated hereunder;

     (c)  It  does  not  have  any  actions  or  proceedings
          pending,   which  would  materially   affect   the
          Property  or Lessee, except matters fully  covered
          by insurance;

     (d)  The  consummation of the transactions contemplated
          hereunder,  and the performance of this  Agreement
          and  the  delivery of the warranty deed to  Buyer,
          will not result in any breach of, or constitute  a
          default under, any instrument to which Seller is a
          party or by which Seller may be bound or affected;

     e)   All   of   Seller's  covenants,  agreements,   and
          representations made herein, and in  any  and  all
          documents which may be delivered pursuant  hereto,
          shall  survive the delivery to AEI of the warranty
          deed  and  other documents furnished in accordance
          with  this  Agreement,  and the  provision  hereof
          shall continue to inure to Buyer's benefit and its
          successors and assigns;

     (f)  The Property is in good condition, substantially
          undamaged by fire and other hazards, and has not
          been made the subject of any condemnation proceeding;

     (g)  The  use and operation of the Property now  is  in
          full  compliance with applicable local, state  and
          federal   laws,   ordinances,   regulations    and
          requirements;

     (h)  Seller has not caused or permitted any, and to the
          best of Seller's knowledge after due inquiry,  the
          Property is not in violation of any federal, state
          or local law, ordinance or regulations relating to
          industrial   hygiene  or  to   the   environmental
          conditions,  on,  under  or  about  the  Property,
          including,   but   not  limited   to,   soil   and
          groundwater conditions.  There is no proceeding or
          inquiry by any governmental authority with respect
          to  the  presence  of hazardous materials  on  the
          Property  or the migration of hazardous  materials
          from or to other property;

     (i)  These   Seller's  representations  and  warranties
          deemed  to  be true and correct as of the  Closing
          Date and shall survive the closing;

     (j)  Seller  represents  and warrants  the  transaction
          contemplated herein does not represent a fraudulent
          conveyance.

13.    BUYER'S   REPRESENTATIONS  AND   WARRANTIES.    Buyer
represents and warrants to Seller that:

     (a)  Buyer  has  all requisite power and  authority  to
          consummate  the transaction contemplated  by  this
          Agreement  and  has  by  proper  proceedings  duly
          authorized  the  execution and  delivery  of  this
          Agreement  and the consummation of the transaction
          contemplated hereunder;

     (b)  To  Buyer's  knowledge, neither the execution  and
          delivery of this Agreement nor the consummation of
          the   transaction  contemplated   hereunder   will
          violate  or  be in conflict with any agreement  or
          instrument to which Buyer is a party or  by  which
          Buyer is bound;

     (c)  These   Buyer's  representations  and   warranties
          deemed  to  be true and correct as of the  Closing
          Date and shall survive the closing.

14.  CLOSING.

(a)  On or before the Closing Date, Seller will deposit into
escrow with the Closing Agent the following documents on  or
before the Closing Date:

     (1)  A  general warranty deed conveying insurable title
          to the Property to Buyer, in form and substance as
          agreed  to  between Seller and  Buyer  during  the
          First Contingency Period;

     (2)  Estoppel letter from Lessee, in form and substance
          as  agreed to between Seller and Buyer during  the
          First Contingency Period;

     (2)  Affidavit  of  Seller, in form  and  substance  as
          agreed  to  between Seller and  Buyer  during  the
          First Contingency Period;

     (3)  FIRPTA  Affidavit, in form and substance as agreed
          to  between  Seller  and Buyer  during  the  First
          Contingency Period;

     (4)  Assignment  of  Lease, in form  and  substance  as
          agreed  to  between Seller and  Buyer  during  the
          First Contingency Period;

     (5)  Hazardous Substances Indemnification Agreement  of
          Seller  in form and substance as agreed to between
          Seller  and  Buyer  during the  First  Contingency
          Period;

     (6)  (Not Applicable) ;

     (7)  Assignments  of  all warranties (and  the  written
          consents  of the assignments thereof by the  party
          giving  the  warranty) from the party  or  parties
          constructing the Improvements on the Property.

     (8)  Certificates of insurance evidencing the insurance
          policy of Lessee as required by the Lease;

     (9)  Copy  of  the  final unconditional Certificate  of
          Occupancy  for  the Property authorizing  Lessee's
          use and occupancy of the Property;

     (10) Certificate of Completion executed by the  project
          architect, general contractor and/or the Seller;

     (11) A down-dated title commitment for an owner's
          title  insurance policy, reflecting only permitted
          exceptions  approved  by Buyer  during  the  First
          Contingency  Period and including all endorsements
          required   by   Buyer,   with   all   Schedule   C
          requirements removed;

     (12) Copies  of  any  and  all  certificates,  permits,
          licenses   and   other   authorizations   of   any
          governmental body or authority which are necessary
          to   permit   the   use  and  occupancy   of   the
          Improvements, if any in Seller's possession;

     (13) Certified   project  cost  statement,  signed   by
          Seller,   simply   itemizing  by  percentage   the
          following   costs:   land  acquisition,   building
          construction and site work;

     (14) Assignments  of  all warranties (and  the  written
          consents  of the assignments thereof by the  party
          giving  the  warranty) from the party  or  parties
          constructing the Improvements on the Property;

     (15) Seller  indemnification from Seller to  Buyer  for
          Landlord's  representation and warranties  in  the
          Lease; and

     (16) The  original  Lease  and any Amendments  thereto,
          executed by all parties.

(b)   On  the Closing Date, Buyer will deposit the  Purchase
Price with the Closing Agent;

(c)  Both parties will sign and deliver to the Closing Agent
any other documents reasonably required by the Closing Agent
and/or the Title Company.

15.  TERMINATION.  This Agreement may be terminated prior to
closing  at  Buyer's  option  (and  the  Earnest  Money  and
interest returned to Buyer in full immediately) in the event
of any of the following occurrences:

     (a)  Seller  fails  to  comply with any  of  the  terms
          hereof;

     (b)  A   default   exists  in  any  material  financial
          obligation of Seller, Lessee or Guarantor;

     (c)  Any   representation  made  or  contained  in  any
          submission  from Seller or Lessee, or in  the  Due
          Diligence   Documents,  proves   to   be   untrue,
          substantially  false  or misleading  at  any  time
          prior to the Closing Date;

     (d)  There  has been a material adverse change  in  the
          financial condition of Lessee or there shall be  a
          material  action,  suit or proceeding  pending  or
          threatened  against Seller which affects  Seller's
          ability to perform under this Agreement or against
          Lessee which affects their respective abilities to
          perform under the Lease;

     (e)  Any    bankruptcy,   reorganization,   insolvency,
          withdrawal, or similar proceeding is instituted by
          or against Seller or Lessee;

     (f)  Seller or Lessee shall be dissolved, liquidated or
          wound up;

     (g)  Lessee is not in possession of the Property and/or
          commence  paying  rent  under  the  Lease  by  the
          Closing Date; and

     (h)  Notice given by Buyer pursuant to Article 6, 7, 8,
          16 or 18 hereof.

16.  DAMAGES, DESTRUCTION AND EMINENT DOMAIN.  If, prior  to
the  Closing Date, the Property, or any part thereof, should
be  destroyed  or further damaged by fire, the elements,  or
any cause, due to events occurring subsequent to the date of
this  Agreement  (which damage exceeds 10% of  the  Purchase
Price of the Property or delays commencement of the Lease or
abates  payment of rent by the Lessee or renders  the  Lease
invalid),  this  Agreement shall become null  and  void,  at
Buyer's option, exercised by written notice to Seller within
ten  (10)  business  days after Buyer has  received  written
notice  from Seller of said destruction or damage.   Seller,
however,  shall  have  the right to  adjust  or  settle  any
insured  loss  until  (a)  all contingencies  set  forth  in
Article 8 hereof have been satisfied, or waived; and (b) any
period  provided for above in Article 8 hereof for Buyer  to
elect to terminate this Agreement has expired or Buyer  has,
by  written  notice  to  Seller,  waived  Buyer's  right  to
terminate this Agreement.  If Buyer elects to proceed and to
consummate  the purchase despite said damage or destruction,
there  shall be no reduction in or abatement of the Purchase
Price,  and Seller shall assign to Buyer the Seller's right,
title   and  interest  in  and  to  all  insurance  proceeds
resulting form said damage or destruction to the extent that
the same are payable with respect to damage to the Property,
subject to rights of the Lessee.

     If prior to closing, the Property, or any part thereof,
is   taken   by   eminent  domain,  (which   taking   delays
commencement of the Lease or delays payment of rent  by  the
Lessee  or  renders the Lease invalid) this Agreement  shall
become null and void, at Buyer's option.  If Buyer elects to
proceed  and to consummate the purchase despite said taking,
there  shall  be  no  reduction in,  or  abatement  of,  the
Purchase  Price  and Seller shall assign to  Buyer  all  the
Seller's right, title and interest in and to any award made,
or  to  be made, in the condemnation proceeding pro-rata  in
relation to the Property's subject to right so the Lessee.

     In the event that this Agreement is terminated by Buyer
as  provided above, the Earnest Money and interest shall  be
returned  to Buyer immediately after execution by  Buyer  of
such  documents reasonably requested by Seller  to  evidence
the termination hereof.

17.  NOTICES.  All notices from either of the parties hereto
to  the other shall be in writing and shall be considered to
have  been  duly  given or served if  sent  by  first  class
certified  mail, return receipt requested, postage  prepaid,
or  by  a nationally recognized courier service guaranteeing
overnight  delivery to the party at his or its  address  set
forth  below,  or to such other address as  such  party  may
hereafter designate by written notice to the other party.

If to Seller:

          Mr. Brad Brody
          Brody Capital Management, Inc.
          2501 Westown Parkway, Suite 1202
          Des Moines, Iowa  50266
          Phone No.:

If to Buyer:

          AEI Fund Management, Inc.
          1300 Minnesota World Trade Center
          30 E. 7th Street
          St. Paul, Minnesota 55101
          Attention:  Robert P. Johnson and George Rerat
          Phone No.: (612) 227-7333

      Notice shall be deemed received 48 hours after  proper
deposit in US Mail, or 24 hours after proper deposit with  a
nationally recognized overnight courier.

18.  MISCELLANEOUS.

a.   This Agreement may be amended only by written agreement
signed by both Seller and Buyer, and all waivers must be  in
writing  and signed by the waiving party.  Time  is  of  the
essence.   This  Agreement  will not  be  construed  for  or
against  a party whether or not that party has drafted  this
Agreement.  If there is any action or proceeding between the
parties  relating  to this Agreement, the  prevailing  party
will be entitled to recover attorney's fees and costs.  This
is  an integrated agreement containing all agreements of the
parties  about the Property and the other matters described,
and  it  supersedes  any other agreement or  understandings.
Exhibits  attached  to this Agreement are incorporated  into
this Agreement.

b.    If  the  transaction contemplated hereunder  does  not
close  by the Closing Date, through no fault of Buyer, Buyer
may  either,  at  it  election,  extend  the  Closing  Date,
exercise  any  remedy available to it by law or  equity,  or
terminate this Agreement (and receive its Earnest Money  and
interest back in full immediately).  If Buyer shall fail  to
close  this  transaction  without exercise  of  a  right  of
termination as set forth herein, the Earnest Money shall  be
paid to Seller and shall be non-refundable, and Seller shall
be entitled to all remedies available at law or equity.

c.    This  Agreement shall be assignable by Buyer,  at  its
option,  in  whole or in part, in such manner as  Buyer  may
determine, to an affiliate of affiliates of Buyer.

d.    The  Buyer and Seller each warrant to the  other  that
neither  party  hereto  has had any dealing  with  any  real
estate brokers or salespersons which would result in a claim
for  a  commission; provided, however, Seller shall pay  all
commissions   due   and  payable  to   The   Boulder   Group
representing Seller.

e.     Seller  and  Buyer  agree  that  if  it  is  Seller's
responsibility to continue liability under the  Leases  with
regard to any Landlord warranty of construction, Seller will
provide,  in  a form acceptable to Buyer, an indemnification
of  warranty  construction for the  Property.   Seller  will
further  assist  Buyer  in obtaining an  Estoppel  from  the
Tenant  for  the  Lease relieving Buyer as future  Landlord.
Failure  to satisfy this provision shall not be grounds  for
specific  enforcement but shall be a condition precedent  to
Buyer's  obligation  to  close  hereunder  and  grounds  for
termination of this Purchase Agreement; upon termination for
Seller's failure to satisfy this condition precedent,  Buyer
shall  be  entitle to the immediate return  of  its  Earnest
Money and interest.

      Buyer  is submitting this offer by signing a  copy  of
this Agreement and delivering it to Seller. Seller has until
January 25, 2005, within which time to accept this offer  by
signing and returning this Agreement to Buyer. When executed
by  both parties, this Agreement will be a binding agreement
for  valid and sufficient consideration which will bind  and
benefit  Seller, Buyer and their respective  successors  and
assigns.

     IN WITNESS WHEREOF, Seller and Buyer have executed this
Agreement  effective  as of the day  and  year  above  first
written.

SELLER:

Brody Capital Management, Inc.

By: /s/ Brad Brody
Its: President

STATE OF IOWA   )
                ) ss.
COUNTY OF POLK  )

      On  this  21st  day of January, 2005, before  me,  the
undersigned,  a  Notary  Public  in  and  for  said   State,
personally appeared Brad Brody, personally known to me to be
the  person  who  executed  the  within  instrument  as  the
President   of   Brody  Capital  Management,   Inc.,   a   S
corporation, on behalf of said corporation.

                              /s/ Mary M Rodgers
                                  Notary Public
                                  [notary seal]

BUYER:

AEI FUND MANAGEMENT, INC.

By: /s/ Robert P Johnson
        Robert P. Johnson, its President

STATE OF MINNESOTA  )
                    ) ss.
COUNTY OF RAMSEY    )

      On  this  3  day  of February, 2005,  before  me,  the
undersigned,  a  Notary  Public  in  and  for  said   State,
personally Robert P. Johnson, personally known to me  to  be
the  person  who  executed  the  within  instrument  as  the
President   of  AEI  Fund  Management,  Inc.,  a   Minnesota
corporation, on behalf of said corporation.

                              /s/ Jennifer L Schreiner
                                     Notary Public

                                     [notary seal]

                         EXHIBIT "A"

                      LEGAL DESCRIPTION

Part  of  the North Half of the Southeast Quarter of Section
13,  Township 24 North, Range 7 East, Grant County,  Indiana
described as follows:

Commencing  at the southeast corner of said section,  thence
North  00  degrees 56 minutes 50 seconds West ( state  plane
coordinate bearing Indiana East Zone) along the east line of
said  section  a  distance 1,569.75  feet  to  the  easterly
extension  of  the north right of way line of  35th  Street;
thence  South  88 degrees 58 minutes 50 seconds  West  along
said  easterly extension a distance of 105.51  feet  to  the
intersection of said north right of way line of 35th  Street
and  the westerly right of way line of Sate Road 9 & 15  per
State  Highway  Project No. NH-099-0(8)  and  the  Point  of
Beginning;  thence  South 89 degrees 08 minutes  11  seconds
West  a  distance of 557.60 feet to an iron  pipe  with  cap
stamped  "MANSHIP SO434"; thence North 01 degrees 22 minutes
37  seconds  West a distance of 325.58 feet though  a  rebar
with  cap stamped "MANSHIP SO434" to the southeasterly right
of  way line of Norfolk & Western Railroad; thence North  79
degrees  45 minutes 39 seconds East along said southeasterly
right of way line a distance of 570.16 feet to said westerly
right  of  way  line  of Sate Road 9 & (the  following  thee
courses  are  along said westerly right  of  way  line);  1)
thence  South  01  degrees  16 minutes  12  seconds  East  a
distance  of  159.48  feet; 2) thence south  02  degrees  40
minutes 02 seconds East a distance of 205.06 feet 3)  thence
south  09  degrees 13 minutes 59 seconds West a distance  of
54.86 feet to the Point of Beginning, containing 4.82 acres,
more or less.ASSIGNMENT OF LEASE

       BRODY  CAPITAL  MANAGEMENT,  INC.,  an  Iowa  corporation
("Assignor")  as of  Feb 9, 2005 (the "Effective Date"),  hereby
transfers  and  assigns  to AEI INCOME  &  GROWTH  FUND  25  LLC
("Assignee") all of Assignor's right, title and interest in  and
to  a  certain  Lease  Agreement dated  January  31,  2005  (the
"Lease")  between BUNNELL HILL DEVELOPMENT CO.,  INC.,  an  Iowa
corporation   (as  "Lessor"),  and Tractor  Supply  Company  (as
"Lessee")  for that certain real property legally  described  on
Exhibit A attached hereto (the "Property").

Assignor  is now the Lessor under the Lease with full right  and
title  to  assign the Lease and the Rent to Assignee as provided
herein.   The Lease is valid, in full force and effect  and  has
not  been  modified or amended.  So far as is known to Assignor,
there  is  no default by Lessee under the Lease and no Rent  has
been waived, anticipated, discounted, compromised or released.

      NOW,  THEREFORE, for good and valuable consideration,  the
receipt and sufficiency of which are hereby acknowledged by  the
parties, Assignor and Assignee hereby agree as follows:

     1.   Assignor hereby irrevocably and unconditionally sells,
          assigns,   conveys,  transfers  and  sets  over   unto
          Assignee, its heirs, successors and assigns, as of the
          Effective  Date,  all of Assignor's right,  title  and
          interest  in,  to  and under: (i) the Lease,  together
          with  any and all guaranties thereof, if any, and (ii)
          any  and  all rents prepaid as of the Effective  Date,
          held  by  Assignor in connection with the  Lease  (the
          "RENT").

     2.   Assignee hereby assumes and shall be liable for any and
          all  liabilities,  claims,  obligations,  losses    and
          expenses, including  reasonable attorneys' fees arising
          in  connection  with  the  Lease  which  are   actually
          incurred,and which arise by virtue of acts or omissions
          occurring thereunder, on or after the Effective Date.

     3.   Assignor shall indemnify and hold Assignee harmless from
          any and all liabilities, claims, obligations, losses and
          expenses, including reasonable attorneys' fees arising in
          connection with the Lease which are actually incurred,and
          which  arise  by  virtue  of acts or omissions occurring
          thereunder, prior to the Effective Date.

     4.   Assignee shall indemnify and hold Assignor harmless from
          any and all liabilities,  claims,  obligations, loss and
          expenses,including reasonable attorneys fees, arising in
          connection with  the  Lease or as a result of Assignee's
          failure to fulfill the landlord's duties and obligations
          accruing under the Lease on or after the Effective Date.

     5.   Assignee shall be entitled to receive all income arising
          from  the  Lease  from and after  said  Effective  Date.
          Assignor shall be entitled to receive all income accruing
          from the Lease prior to the Effective Date.

     6.   Assignor shall direct the tenant and any successor tenant
          under the Lease to pay to Assignee the Rent and all other
          monetary obligations due or to become due under the Lease
          for the period beginning on the Effective Date.

     7.   This  Assignment  shall  be governed by and construed  in
          accordance with the laws of the state in which the Property
          is located.

     8.   All  rights  and   obligations  of  Assignee and  Assignor
          hereunder shall be binding upon and inure to the benefit of
          Assignor, Assignee and the heirs, successors and assigns of
          each such party.

     9.   This  Assignment  may  be   executed   in  any  number  of
          counterparts, each of which  shall  be effective only upon
          delivery  and  thereafter shall be deemed an original, and
          all  of  which  shall  be   taken  to  be one and the same
          instrument,  for  the same effect as if all parties hereto
          had signed the same  signature page. Any signature page of
          this Assignment may be  detached  from  any counterpart of
          this Assignment without  impairing the legal effect of any
          signatures  thereon   and  may   be  attached  to  another
          counterpart of this Agreement identical in form hereto but
          having  attached  to  it  one or more additional signature
          pages.

     10.  Whenever the context so requires in this  Assignment,  all
          words used in the singular shall be construed to have been
          used  in the plural (and vice versa), each gender shall be
          construed  to   include   any  other genders, and the word
          "person" shall be construed to include a natural person, a
          corporation, a firm, a partnership, a joint venture, a trust,
          an estate or any other
          entity.

     Assignor further represents to Assignee that:

      11.  Lessee has taken possession of the Property under the
Lease;

     12.  The  Lease  represents  the entire  agreement  between
          Lessor and Lessee, and the Lease is in full force  and
          effect,  has not been assigned, modified, supplemented
          or  amended  in  any way, except that said  Lease  has
          heretofore been assigned to Assignor by the Lessor  on
          January    , 2005, pursuant to that certain Assignment
          of Lease dated January     , 2005;

          Executed as of February 9, 2005.

                              BRODY CAPITAL MANAGEMENT, INC.

                              By:/s/ Bradley M Brody
                                     BRADLEY M. BRODY
                                     President

STATE OF IOWA          )
                       ) SS:
COUNTY OF POLK)

      The  foregoing instrument was acknowledged  before  me,  a
notary public, this    day of January, 2005 by BRADLEY M. BRODY,
President   of   BRODY  CAPITAL  MANAGEMENT,   INC.,   an   Iowa
corporation, on behalf of such corporation.

                              /s/ Mary M Rodgers
                                   Notary Public

                              [notary seal]

                              AEI INCOME & GROWTH FUND 25 LLC

                              By:  AEI Fund Management XXI, Inc.

                              By:/s/ Robert P Johnson
                                     Robert P. Johnson
                                     President

STATE OF MINNESOTA     )
                       ) SS:
COUNTY OF RAMSEY         )

      The  foregoing instrument was acknowledged  before  me,  a
notary  public,  this 4th day of February,  2005  by  Robert  P.
Johnson, President of AEI FUND MANAGEMENT XXI, INC., a Minnesota
corporation,  on behalf of such corporation, as managing  member
of AEI Income & Growth Fund 25 LLC.

                              /s/ Jennifer L Schreiner
                                   Notary Public

                                     [notary seal]

                                                  [BUNNELL-HILL]

                              LEASE

THIS  LEASE  made  as  of  the 31st day of  January,  200S  (the
"Effective Date"), by and between BUNNELL HILL DEVELOPMENT  CO.,
INC.,  an "Ohio corporation (the "Landlord") and TRACTOR  SUPPLY
COMPANY, a Delaware corporation (the "Tenant").

     1.   PREMISES.

          (a)   LEASED   PREMISES.   Landlord,   for   and    in
consideration of the covenants contained in this Lease and  made
on  the part of Tenant, does hereby lease unto Tenant and Tenant
does  hereby lease from Landlord the real property described  in
Exhibit A attached hereto, and the improvements now or hereafter
located  thereon  (the "Premises"), situated  AT  3416S  Western
Ave.,  Marion Indiana 46953, to have and to hold the  same,  for
the  term  and  on  the  conditions  hereinafter  provided.  The
Premises  shall  include the building (the "Building"),  parking
areas,  the  outdoor display area (the "Outdoor Display  Area"),
the  trailer display  and other display areas, and other related
improvements, as reflected in the Site Plan attached as part  of
Exhibit B.

          (b)  APPROVALS.  Landlord  shall  be  responsible  for
obtaining,  at Landlord's expense, all zoning and use  approvals
necessary  for  operation  of the Premises  by  Tenant  for  the
Intended  Use  (as hereinafter defined), including  all  zoning,
use, variances and other approvals necessary for all aspects  of
the  Intended  use, including, without limitation,  the  Outdoor
Display  Area,  and the sidewalk and trailer display  areas,  as
reflected   on  Exhibit  B  attached  hereto,  but  specifically
excluding Tenant's business licenses (the "Landlord Approvals").
Tenant  shall be responsible for obtaining, at Tenant's expense,
a  building  permit  for Completion of any  tenant  improvements
installed  by Tenant on the Premises, it any, and any  approvals
necessary  in  connection  with Tenant's  signage  (the  "Tenant
Approvals").

     2.    TERM Tenant shall have and hold the Premises  for  an
initial  term  of fifteen (15) years commencing  on  February  1
 2005  (the "Commencement Date") and ending on the last  day  of
(the  month  which is one hundred eighty 180) full months  after
the  Commencement Date. The "Term" shall mean the original  term
of this Lease, plus any extensions pursuant to the terms of this
Lease.  A "Lease Year" shall mean each twelve (12) month  period
of  the  Term  commencing  on the Commencement  Date  and  every
anniversary thereof, provided, however, if the Commencement Date
is  on  a  date other than the first (1st) day of a  month,  the
first  Lease  Year shall be extended to, include the  number  of
days  from  the Commencement Date to the first day of  the  next
succeeding month.

     3.    OPTION TO EXTEND TERM Tenant shall have the right  to
extend  the  Term for three (3) successive periods of  five  (5)
years  each on the terms and conditions contained in this Lease,
upon  written notice in writing to Landlord given at  least  one
hundred  eieghty  (180)  days prior to  the  expiration  of  the
initial Term or any extended Term.  In the event Tenant fails to
deliver  such  extension notice on or before such  date,  Tenant
shall be deemed to have waived its right to extend the Term  for
the applicable extended Term and any successive extended Terms.

     4.   ANNUAL RENT/FIXED.

          (a)  RENT  COMMENCEMENT. Tenant's liability  for  rent
shall  commence on the Commencement pate, subject to  the  terms
and  conditions of this Lease. Tenant, in consideration  of  the
covenants  made  by Landlord, covenants and  agrees  to  pay  to
Landlord  as  rent  for the Premises during the  Term,  and  any
extension thereof, the annual basic rent as set forth on Exhibit
C,  attached  hereto  and made a part hereof (collectively,  the
"Annual Rent"), payable in advance in equal monthly installments
commencing on the Commencement Date and on the first  (1st)  day
of every calendar month thereafter (each,  a "Due Date"), as set
forth on Exhibit C. If the Commencement Date is a day other than
the  first day of a calendar month, the first rental payment and
the  last rental payment shall be the pro-rata portion  of  such
rent for days contained in such fractional month. Rent shall  be
paid  to  Landlord at the address set forth on Exhibit C  or  at
such  other address as Landlord may designate by written  notice
to Tenant.

          (b) MONTHLY INSTALLMENTS. All monthly installments  of
Annual  Rent shall be paid on or before the Due Date  in  United
States  Dollars,  without  prior  demand  or  offset  except  as
specifically   permitted   under  this   Lease.    Any   monthly
installment  of Annual Rent made more than ten (10)  days  after
the  Due  Date shall bear interest at the rate of twelve percent
(12%) per annum until paid.

     5. NET LEASE.  In addition to the Annual Rent, Tenant shall
be  responsible  for  payment  of real  estate  taxes,  personal
property  taxes,  insurance premiums  and  utilities  and  other
charges related to the Premises in order to make the Annual Rent
payable  to Landlord, net of all customary expenses of operating
the Premises, as follows:

          (a)  REAL  ESTATE  TAXES AND PERSONAL PROPERTY  TAXES.
From and after the Commencement Date and during the Term of this
Lease and any renewals thereof, Tenant shall also be responsible
for  the  payment  of all real estate property taxes  ("Property
Taxes")  assessed against the premises.  Landlord shall  furnish
Tenant  With  a copy of each tax statement or shall  direct  the
auditor  of  County  where the Premises is  1ocated  to  furnish
Tenant the tax statement, and Tenant shall pay same before  same
is delinquent.  Tenant shall also be responsible for the payment
of all personal property taxes, costs and expenses which are due
or  accrue  pursuant  to  any "easement,  declaration  or  other
agreement of record, and all other governmental taxes, including
any  tax  imposed on Tenant's rent, impositions and  charges  of
every  kind  and nature, extraordinary or ordinary,  general  or
special,  unforeseen  or foreseen, whether similar or dissimilar
to  any of the foregoing, which at any time during the Term will
become  due  and  payable by Landlord or Tenant  and  which  are
levied,  assessed  or imposed upon or with respect  to  or  will
become a lien upon, the Premises or any portion thereof, or  any
interest  of Landlord or Tenant therein. under or by  virtue  of
any   present  or  future  law,  statute,  charter,   ordinance,
regulation  or other requirement of any governmental  authority,
whether federal,  state, county, city, municipal or otherwise.

          (b)  INSURANCE.  From and after the Commencement  Date
and during the Term of this Lease, Tenant shall procure and keep
in  effect during the Term the insurance required under  Section
13  of the Lease.  In case Tenant will at any time fail, neglect
or  refuse to insure the Premises and buildings and improvements
thereon  and  to keep the same insured as hereinabove  provided,
then  Landlord  may  at  its election,  procure  or  renew  such
insurance,  and  any amounts paid therefor by Landlord  together
with  interest  thereon at a rate of twelve  percent  (12%)  per
annum  will be included together with any other Annual Rent,  if
any,  due on the first day of the next calendar month after  any
such payment.

          (c)  ASSESSMENTS From and after the Commencement  Date
and  during  the Term of this Lease, Tenant shall pay,  as  they
become  due  and payable, all assessments and other  charges  or
governmental  impositions levied upon or  assessed  against  the
Premises, including but not limited to, assessments for sewer or
water, on or before same is delinquent; provided, however,  that
Tenant  may, in its own name, dispute and contest the same,  and
in  such case, disputed items shall be paid under protest  until
finally  adjudicated to be valid. All court costs, interest  and
penalties relating to any such dispute shall be paid by  Tenant;
Tenant  will indemnify and hold Landlord harmless from  any  and
all expenses, costs, and liabilities in connection with any such
contest.  Landlord will cooperate with Tenant  and  execute  any
documents or pleadings required for such purpose.

          (d)   UTILITIES  AND  OTHER  CHARGES.   Landlord,   at
Landlord's  expense,  shall  cause  all  utilities  serving  the
Premises  to  be separately metered. Tenant agrees  to  pay  all
charges  made against the Premises for utility usage;  including
electricity, fuel, gas, heat, water, power and refrigeration and
all  other  utilities as and when due during the  Term  of  this
Lease  and any renewals thereof and all other charges  of  every
kind  and nature, extraordinary or ordinary, general or special,
unforeseen or foreseen, whether similar or dissimilar to any  of
the  foregoing,  incurred  in the use, occupation,  maintenance,
operation or possession of the Premises throughout the Term  and
any  renewals  thereof,  and will indemnify,  protect  and  save
harmless Landlord from any liability therefor.

     Tenant  shall  make arrangements for all utilities  serving
the  Premises and all other services the Premises to bill Tenant
directly  for  monthly usage charges during  the  Term  of  this
Lease. Tenant shall maintain the temperature of the Building  on
the  Premises at a temperature sufficient to prevent  damage  to
the  water  system  caused by freezing.  Tenant  shall  pay  all
utility  bills  and  statements and other  charges  promptly  to
insure  that no liens attached to the Premises due  to  lack  of
payment of same. Landlord has the right to declare this Lease in
default  in  the  event  a lien is filed against  the  Premises.
Landlord  may pay any unpaid utility charges at its option  and,
in  such  event, Tenant shall reimburse Landlord  for  any  such
payments.

     6.   QUIET POSESSION.

          (a)  POSSESSION.  Provided Tenant  complies  with  the
terms   of   this  Lease,  Landlord  represents;  warrants   and
guarantees  to  Tenant quiet and undisturbed possession  of  the
Premises  for the Term; and further represents and  warrants  to
Tenant  that  Landlord has full right and  lawful  authority  to
enter  into this Lease, and is lawfully seized of the  Premises,
free and clear of all tenancies, liens and encumbrances superior
in  rights to this Lease, except for real estate taxes  not  yet
due  and  payable,  and the exceptions described  on  Exhibit  D
attached hereto which have been approved by Tenant (collectively
the "Permitted Exceptions").

          (b)  APPLICABLE  LAW.  The  Premises  are  subject  to
applicable  statutes, ordinances and regulations. Based  on  the
Landlord  Approvals, Landlord represents and warrants  that  the
Tenant's  Intended  Use  of  the  Premises,  including.  without
limitation,  the  Outdoor Display Area, and  the  other  display
areas  described on the Site Plan attached as part of Exhibit  B
will  not  violate  such  statutes, ordinances  or  regulations.
Landlord  further represents and warrants that, to the  best  of
its  knowledge,  the Premises and the Intended  Use  comply  and
conform  to  the  requirements of all  governmental  authorities
applicable  to  the  Premises,  including,  without  limitation,
planning and zoning rules and regulations, and building,  health
and fire codes.

          (c)  INTENTIONALLY OMITTED

          (d)  INTENTIONALLY OMITTED

          (e)  SUBORDINATION: ATTORNMENT: NONDISTURBANCE. At the
option of any first mortgagee of the Premises, this Lease  shall
be subordinate at all times to the lien of such mortgage or deed
of  trust  existing  or that may hereafter be  placed  upon  the
Premises, and to any and all advances made thereunder,  provided
that  such  subordination shall not become effective unless  and
until  the proposed mortgagee or beneficiary shall have executed
and  delivered  to  Tenant a Subordination, Non-Disturbance  and
Attornment   Agreement   reasonably   acceptable    to    Tenant
(hereinafter referred to as the "Nondisturbance Agreement").

     In  the  event  Landlord has not furnished Tenant  with  an
executed  Nondisturbance Agreement from any  such  mortgagee  or
beneficiary within siixty (60) days from the later  of  (i)  the
date  the mortgage instrument is recorded, or (ii) the  date  of
this  Lease. Tenant shall have the right to terminate this Lease
by  written  notice  to  Landlord and immediately  receive  from
Landlord any and all prepaid rents deposits and other sums  paid
by Tenant on account of this Lease.

          (f) ADA COMPLIANCE. Landlord covenants and agrees that
at  its own expense, and without any right of reimbursement from
Tenant,  it  shall take such actions as shall  be  necessary  to
cause  the  Premises,  to  fully  and  timely  comply  with  the
requirements of all governmental authorities applicable  to  the
Premises,  including, without limitation,  planning  and  zoning
rules  and  regulations, building, health and  fire  codes,  the
"American  with  Disabilities Act" of 1990 as  amended  and  the
Federal  regulations promulgated thereunder  (the  "Disabilities
Act"); provided, however, that, with respect to the Disabilities
Act, the parties agree as follows:

               (i)  Each  Party shall have responsibility  under
the  Disabilities Act for its own standards, criteria, po1icies,
practices, and procedures

               (ii) Tenant shall have the responsibility for the
provision  of "'a1ixi1iary aids and services" (as such  term  is
used  in the Disabilities Act) to its customers, if and  to  the
extent required in connection with its operation of its business
on the Premises.

               (iii)  Except  as  provided  in  subsection  (iv)
below,  Landlord shall have responsibility for  the  removal  of
barriers,  where  such removal is required by  the  Disabilities
Act.

               (iv) Tenant shall have the responsibility for the
removal  of barriers, if any, created by its trade fixtures  and
leasehold  improvements made by Tenant, where  such  removal  is
required by the Disabilities Act.

               (v)  Where barrier removal is not required by the
Disabilities  Act,  but  the  use  of  alternative  methods   of
providing access is required, Landlord shall have responsibility
for  the  use  of  such methods except to the  extent  that  the
Disabilities  Act  required  alternative  methods  that  involve
services by Tenant's employees for the retrieval or delivery  of
Tenant's inventory.

               (vi)  Where  alterations  made  by  either  party
trigger   path  of  travel  requirements under the  Disabilities
Act,  responsibility for satisfying such requirements shall rest
on the party making such alterations.

     7     USE  OF  THE PREMISES. Tenant shall use the  Premises
primarily for the sale of farm, home and auto supplies, and  any
incidental  or  accessory uses relating thereto,  including  the
display  of,  merchandise in the Outdoor Display  Area,  on  the
sidewalks  in front of the Building, and in the trailer  display
area,  all  as reflected on the Site Plan attached as Exhibit  B
(the  "Intended  Use"),  and in accordance  with  all  Laws  (as
defined below). In addition, Tenant shall have the right to  use
the  Premises for any other lawful purpose provided the  written
consent  of  Landlord  shall have been obtained,  which  consent
shall not be unreasonably withheld or delayed. Tenant shall  not
permit  or  suffer  the  use of the Premises  for  any  unlawful
purpose.  Landlord specifically acknowledges that the  Laws  (as
defined below) in effect as of the Effective Date permit  Tenant
to  erect  racking and other display facilities in  the  Outdoor
Display Area reflected on Exhibit B.  The Laws in effect  as  of
the  Effective  Date also permit Tenant to enclose  the  Outdoor
Display Area with fencing. In addition, the Laws in effect as of
the Effective Date permit Tenant to display seasonal merchandise
in  the areas designated on the Site Plan attached as Exhibit B.
Tenant  shall  at  its  sole  expense  comply  with  all   laws,
regulations,  ordinances, policies and  orders  of  any  federal
state  or  local  governmental body  (collectively,  "Laws")  in
accordance  with  the Landlord Approvals relating  to  the  use,
occupation of operation of the Premises.

     8.   RESERVED

     9.   EMINENT DOMAIN

          (a)  TAKING.  As  used herein the term "Taking"  shall
mean  any taking of all or any part of the: Premises or  of  the
Building in which the Premises are located or any access thereto
by  right  of  eminent  domain, by a deed in  lieu  thereof;  or
otherwise.  Landlord  shall give Tenant  prompt  notice  of  any
pending  or  threatened  Taking and shall  provide  Tenant  with
copies  of  all  notices  or other information  related  to  any
negotiations, communications, or government actions related to a
threatened Taking.

          (b)  TERMINATIQN BY TENANT OR LANDLORD. If, during the
Term,  more  than 50% of the Premises or the Building  shall  be
taken  by, or conveyed to, any public authority under the  power
of eminent domain, then the term of this Lease shall cease as to
that  part  so  taken or conveyed on the date the possession  of
that part shall be :required for public use, and any rental paid
in  advance  of  such  date  shall be refunded  to  Tenant,  and
Landlord and Tenant shall each have the right to terminate  this
Lease  upon written notice to the other, which notice  shall  be
delivered  within thirty (30) days following the date notice  is
received  of  such  taking, and all rent and other  charges  due
under this Lease shall be apportioned to such date.

     In  addition, if as a result of a Taking {i) there  is  any
material  adverse change in access from the Building to  Western
Avenue  (SR 9 & SR 15), or (ii) or the parking ratio for  the  -
Building  is reduced below fifty (50) parking spaces,  or  (iii)
the repairs to the portion of the Premises subject to the Taking
cannot, in Tenant's reasonable judgment, be repaired within  one
hundred  eighty  (180) days, then, and in any  of  such  events,
Tenant  may  terminate this Lease by written notice to  Landlord
delivered within thirty (30) days after the Taking and all  rent
and  other charges due under this Lease shall be apportioned  to
the date title vests pursuant to such Taking.

          (c)  RESTORATION- If this Lease is not  terminated  as
hereinabove provided then:

               (i)  Landlord shall at its sole expense  promptly
repair  and  rebuild  the  Building to a complete  architectural
unit.

               (ii)  Between the date of Taking and thirty  (30)
days  following  the completion of repairing and rebuilding  the
Premises,  all  rent  and other charges  payable  to  Tenant  to
Landlord hereunder shall be equitably abated to the extent  that
the  Premises are not, in Tenant's reasonable judgment, suitable
for the conduct of Tenant's Intended Use.

               (iii)  Upon  the completion of such  repairs  and
rebuilding, and thereafter throughout the balance of  the  Term,
rent  and other charges due Landlord hereunder shall be  reduced
in  that  proportion which the number of square feet of area  of
the  Premises taken bears to the total number of square feet  of
area of the Premises existing immediately prior to such Taking.

               (iv)  All  damages  awarded for  such  tiling  or
convenience  shall  belong to and be the property  of  Landlord,
whether  such damages be awarded as compensation for -diminution
in  value  of  the  leasehold or to the  fee  of  the  Premises;
provided, however; Landlord shall not be entitled to any portion
of  any separate award or payment made to tenant for removal and
reinstallation  of  fixtures,  loss  of  business,   or   moving
expenses.

     10.  MAINTENANCE AND REPAIR .

          (a) HVAC AND BUILDING SYSTEMS. Landlord represents and
warrants  to  Tenant  that,  as of the  Commencement  Date,  the
heating  ventilating,  and  air conditioning  (collectively  the
"HVAC')  tile plumbing, mechanical, electrical and roof  systems
in  or serving the Premises are new, have been tested and are in
complete  working  order,  meet  the  specifications   for   the
Premises,  and are acceptable for Tenant's Intended Use  and  in
conformity  with  all  requirements of  applicable  governmental
authorities. During the first Lease Year, Landlord  shall;  upon
notice,  repair or replace, or cause to be repaired or replaced,
without  cost or expense to Tenant any defective HVAC, plumbing,
mechanical,  electrical  and roof  systems  on  or  serving  the
Premises.

          (b)  MAINTENANCE OBLIGATIONS. During the term  of  the
Lease  Agreement,  and subject to Landlord's obligations  during
the  first  Lease Year provided in Section l0(a), above,  Tenant
shall be responsible for all maintenance to the Premises and the
Building,  including, without limitation, snow and  ice  removal
and  lawn care, and repairs and replacements to the Premises and
the  Building; and shall return the Premises to the Landlord  at
the  expiration of the term of the Lease in as good a  state  of
repair  as when the Tenant's occupancy started, reasonable  wear
and tear excepted.

          (c) RIGHT TO CORRECT. If either party fails to perform
its  replacement  repair  or maintenance obligations  hereunder,
then  the  nondefaulting party, after thirty (30)  days  written
notice  to  the defaulting party or upon such shorter notice  as
may  be  reasonable  in  the event of  an  emergency;  provided,
however, other than in the case of an emergency, if such default
cannot be cured within thirty (30) days despite diligent efforts
and  such defaulting party commences to cure within such  thirty
(30) day period, and thereafter pursues such cure diligently  to
completion,  then  the cure period shall be  extended  for  such
additional  period as shall be necessary to complete such  cure,
but not to exceed sixty (60) days.

     If  the  defaulting  party is Tenant and  Tenant  fails  to
reimburse  Landlord  for  the cost of replacements,  repairs  or
maintenance  so  performed by Landlord within thirty  (30)  days
after  Tenant  receives from Landlord a statement setting  forth
such  cost,  then  the cost to Landlord of performing  the  same
shall be deemed additional Rent

     If  the defaulting party is Landlord and Landlord fails  to
reimburse  Tenant  for  the  cost of  replacements,  repairs  or
maintenance so performed by Tenant within thirty (30) days after
Landlord  receives  a statement setting forth  such  cost,  then
Tenant  may  offset  the cost to Tenant of performing  the  same
against  the rent and other charges due from Tenant  under  this
Lease.

          (d)   ASSIGNMENT   OF  WARRANTIES.   All   third-party
warranties  related  to the HVAC, the roof, and  other  building
systems, are hereby assigned to Tenant.

     11.  ALTERATIONS AND IMPROVEMENTS

          (a)  ALTERATIONS OR IMPROVEMENTS BY TENANT Tenant may,
at  its expense, make any interior nonstructural alterations  or
improvements to the Premises which it may deem desirable, but it
shall  make  them  in  a  good  and workmanlike  manner  and  in
accordance  with  a1l applicable governmental requirements.  The
Landlord, without expense to itself, shall cooperate with Tenant
in  securing building permits or other authorizations  necessary
from time to time for any such work by Tenant.

     In addition, Tenant may also make structural alterations or
improvements  to  the  Premises with  Landlord's  prior  written
consent,  which  consent shall not be unreasonably  withheld  or
delayed.  If Landlord fails to consent or object in  writing  to
any  alterations or improvements proposed by Tenant to  Landlord
within fifteen (15) day after Tenant so requests, Landlord shall
be  deemed  to have consented to such structural alterations  or
improvements.

     If  any mechanics' or materialmen's liens are filed arising
from  any  work  by Tenant with respect to the Premises,  Tenant
shall satisfy or otherwise remove such liens of record from  the
Premises  within  thirty  (30) days of notification  thereof  by
Landlord  (If  Tenant disputes the claim. in good  faith  Tenant
sha11 have the right to contest the same in a court of competent
jurisdiction, provided Tenant deposits a reasonable escrow  fund
with  Landlord  or  otherwise has the lien  bonded  during  such
proceedings).

          (b) INTENTIONALLY OMITTED.

          (c)   END   OF  TERM.  All  installations,  additions,
hardware, fixtures and improvements, temporary or permanent,  in
or  upon  the  Premises, whenever and whether  placed  there  by
Tenant  or  Landlord,  shall be Landlord's  property  and  shall
remain  upon the Premises upon termination of the term by  lapse
of  time  or  otherwise, all without compensation, allowance  or
credit   to  Tenant;  provided,  however,  if  prior   to   such
termination or within 10 days thereafter Landlord so directs  by
notice,   Tenant   shall  promptly  remove  the   installations,
addition,  hardware, non-trade fixtures and  improvements  which
were  placed in the Premises by Tenant and which are  designated
in  the  notice, failing which Landlord may remove the same  and
Tenant shall pay the cost thereof.

     12.  DAMAGE OR DESTRUCTION BY FIRE OR OTHER CASUALTY

          (a)  DESTRUCTION: RIGHTS OF PARTIES. If  the  Premises
(including  all  improvements and alterations  thereon,  whether
made  by  Landlord or Tenant) shall be damaged or  destroyed  by
fire,  the  elements, unavoidable accident  or  other  casualty,
whether in whole or in part, the Landlord, at its sole cost  and
expense shall, Within nine (9) months from the date such  damage
or  destruction occurs (the "Expected Completion Date") promptly
and  With due diligence repair and rebuild the Premises  to  the
condition  existing just prior to such damage or destruction  to
the extent Tenant makes available to Landlord insurance proceeds
sufficient to permit Landlord to repair and rebuild the Premises
to   the  condition  existing  just  prior  to  such  damage  or
destruction.  If  Landlord determines in  good  faith  that  the
Premises  cannot  be  so repaired and rebuilt  by  the  Expected
Completion  Date, Landlord, shall Within thirty (30)  days  from
the  date  of such damage or destruction give written notice  to
Tenant of the date when the Premises Will be completely repaired
and rebuilt (the "Revised Expected Completion Date"), whereupon,
either  Landlord  or Tenant shall have the option  to  terminate
this  Lease by written notice to the other party within ten (10)
days   thereafter  and  this  Lease  shall  be  deemed  to  have
terminated as of the date of such damage or destruction.

     Notwithstanding anything contained in this  section  Tenant
shall  have the further right to terminate this Lease by written
notice  to Landlord within ten (10) days from the occurrence  of
the  following  event: Landlord does not completely  repair  and
rebuild the Premises by the Expected Completion Date, subject to
force majeure.

     13.  INSURANCE; WAIVER OF SUBROGATION/INDEMNIFICATION

          (a) LIABILITY INSURANCE. Tenant shall procure and keep
in  effect during the Term general liability insurance  covering
against damage to persons or property or for loss of life or  of
property  occurring  upon,  in or about  the  Premises,  with  a
combined  single  limit of not less than Three  Million  Dollars
($3,000,000.00)  for each occurrence. Landlord  (and  Landlord's
mortgagee)  shall  be  listed  as additional  insureds  on  such
insurance;  as their interests appear. Tenant shall  deliver  to
Land1ord  certificates  of insurance evidencing  such  coverages
within  ten  (10) days of the Commencement Date, or any  renewal
date  of this Lease, or not less than thirty (30) days prior  to
expiration of any existing policy; Tenant shall also procure and
keep  in effect during the Term, plate glass coverage, and  fire
and  extended  coverage for its furniture, fixtures,  equipment,
merchandise,  leasehold improvements; inventory, and  all  other
items  of Tenant's property on the Premises, Written on  an  All
Risk and Replacement Cost basis.

     All  such policies shall be issued by entities satisfactory
to   Landlord  and  its  mortgagee.  Landlord  (and   Landlord's
mortgagee)  shall  be  listed  as additional  insureds  on  such
insurance,  as their interests appear. Tenant shall  deliver  to
Landlord certificates of insurance evidencing such coverages  on
or  before the Cornmencement Date, or any renewal date  of  this
Lease, or not less than thirty (30) days prior to the expiration
of  any  existing  policy. In the event  Tenant  shall  fail  to
procure such insurance, Landlord may, at its option, procure the
same  for  the account of Tenant, and the cost thereof shall  be
paid  to  Landlord immediately upon receipt by Tenant  of  bills
therefor.  All insurance required by this Lease may  be  carried
under  blanket  policies maintained by  the  party  required  to
maintain such insurance or may be carried under a combination of
primary insurance and umbrella coverage.

          (b)  PROPERTY  INSURANCE. Tenant shall, at  all  times
during  the Term of this Lease and at its sole cost and expense,
procure and keep in effect insurance on the Building, machinery,
equipment,  fixtures  and  other improvements,  alterations  and
appurtenances now located, or which may be erected  or  located,
therein,   thereon,  or  adjacent  thereto  (collectively,   the
"Improvements") against loss or damage by fire and  other  risks
now  embraced by so called broad form special form  coverage  in
amounts  at all times sufficient to prevent Landlord  or  Tenant
from  becoming  co-insurer under the  terms  of  the  applicable
policies   with   "agreed   amount",   "inflation   guard"   and
"replacement cost" endorsements, but in any event in  an  amount
no  less than amounts requited by Landlord's Mortgagee but in no
event  less than 100% of the then full replacement value of  the
insurable portion of the Improvements.

     Landlord  (and  Landlord's mortgagee) shall  be  listed  as
additional insureds on such insurance, as their interests appear
and  Landlord's mortgage shall be named as loss  payee  and  the
"special form" coverage.

          (c)  SUBROGATION. Landlord and Tenant agree that  with
respect to any property loss which is covered by insurance  then
being  carried or required to be carried by them hereunder,  the
one  suffering such loss and carrying or required to carry  such
insurance  releases the other of and from any  and  all  claims;
defense  costs and expenses with respect to such loss.  Landlord
and  Tenant further agree that each of their insurance  policies
(insuring the improvements in the case of Landlord, and Tenant's
personal property; in the case of Tenant) shall provide  for  an
appropriate  waiver  of  subrogation  reflecting  this  release.
Tenant  shall  within  fifteen (15) days after  request  by  the
Landlord deliver: to Landlord a certificate of insurance  and  a
receipt of insurance and a receipt evidencing that the insurance
requited  by  this Lease is paid in full and in full  force  and
effect.  No insurance required by this Lease shall be cancelable
except  after  (30)  days  notice  to  Landlord.  All  insurance
requited  by  this  Lease may be carried under blanket  policies
maintained  by the party required to maintain such insurance  or
may  be  carried  Under a combination of primary  insurance  and
umbrella coverage. All insurance policies required by this Lease
sha1l  be written by solvent and responsible insurance companies
authorized to do business in the state in which the Premises are
located which are well rated by national rating organizations.

          (d)  INDEMNIFICATION. Landlord agrees to indemnify and
hold  Tenant  harmless  from and against  any  and  all  claims,
liabilities,  damages,  causes of action,  costs  and  expenses,
including  reasonable  attorneys'  fees,  for  personal  injury,
death, property damage, and other losses occurring: in or as the
result  of  gross negligence or willful misconduct of  Landlord,
its   agents,  employees  or  contractors,  excluding,  however,
damages  arising solely out of the negligence of the  Tenant  or
Tenant's employees, agents or contractors.

     Tenant agrees to indemnify and hold Landlord harmless  from
and against any and all claims, liabilities, damages, causes  of
action,  costs  and  expenses, including  reasonable  attorneys'
fees,  for  personal injury, death, property  damage,  or  other
losses  occurring in the Premises, or arising out of any failure
of the Tenant to perform any of its obligations under the Lease,
or  resulting  from  the acts or omissions of  the  Tenant,  its
agents,  employees  or contractors, excluding,  however,  damage
arising  sole  out  of  the  negligence  of  the  Landlord,   or
Landlord's employees, agents or contractors.

     14.  TENANT'S PROPERTY AND FIXTURES. Landlord hereby waives
any  right to distraint and any Landlord's lien or similar  lien
on  all  personal  property  in or on  the  Premises,  including
Tenant's  moveable  trade  fixtures,  furniture,  inventory  and
equipment, whether owned by Tenant or any other person, and  the
same shall be and remain the personal property of Tenant, exempt
from  the  claims of Landlord or any mortgagee or lienholder  of
Landlord  without  regard to the means by  which  the  same  are
installed  or  attached.  Tenant may, at  any  time  during  the
continuance of its tenancy or upon vacating the Premises, remove
all  such  personal property, including Tenant's moveable  trade
fixtures,  furniture and equipment, which Tenant  owns:  or  may
have  installed or placed at its own expense on the Premises  or
which  it  furnished  and Landlord installed.  If  such  removal
damages  any part of the Premises, the Tenant shall repair  such
damage,

     15   ASSIGNMENT/SUBLETTING

          (a)  TRANSFER. As used herein, a "Transfer" shall mean
the  assignment of this Lease or the Transfer or the  subletting
of all or any part of the Premises by Tenant. Except as provided
in  subsection  (b)  below; Tenant may not  effect  of  cause  a
Transfer without Landlord's written consent, which consent shall
not be unreasonably withheld, conditioned or delayed.

          (b)  PERMITTED TRANSFERS. Notwithstanding anything  to
the  contrary  contained in this Lease, without  the  Landlord's
prior consent, Tenant may:

               (i)  Transfer the Premises or any portion thereof
to any "affiliate company"   An "affiliate company"  shall mean,
for purposes of this subsection  any corporation  partnership or
other  business  entity under common control and ownership  with
the  Tenant, or with the parent or any subsidiary of the  Tenant
or Tenant's parent.

               (ii)   Merge   into  or  consolidate   with   any
          corporation.

               (iii)  Transfer  the Premises;  or  ally  portion
thereof,  to  any  buyer  of  all or substantially  all  of  the
business  operations  of  Tenant,  provided  that,  as  of   the
effective  date of the Transfer, provided  however   such  buyer
shall  be  subject  to all of the terms and conditions  of  this
Lease.

               (iv)  Transfer the Premises to any franchisee  or
licensee of the Tenant, provided however, such transferee  shall
be subject to all of the tem1S and conditions of this Lease

               (v)  Effectuate a Transfer in connection with the
sale  or transfer of all or any portion of the outstanding stock
of Tenant.

     Landlord  does  not  have to recognize  an  assignee  of  a
Transfer  described in (c) (i) through (v) until  such  time  as
Landlord  has received written notice of such Transfer  and  the
assignee has agreed in writing to observe all of the obligations
of  Tenant  hereunder.  Tenant agrees to give  Landlord  written
notice within thirty (30) days of any Transfer described in  (c)
(i)  through (v) above. No Transfer shall be deemed  to  release
Tenant from any obligations under this Lease unless specifically
agreed  to  in  writing  by Landlord.  which  agreement  may  be
withheld by Landlord in its sole discretion.

     16   TAXES

          (a) PERSONAL PROPERTY TAXES. Tenant shall pay when due
taxes  levied  upon  the personal property owned  or  leased  by
Tenant and kept on the Premises.

          (b)  TAX  CONTESTS. Landlord and Tenant  may  in  good
faith  contest  any such taxes if the contesting party  protects
the  other  parties interest in the Premises by means reasonably
satisfactory to the party not contesting such taxes.

     17.  DEFAULT

          (a)  TENANT  DEFAULT. If Tenant shall default  in  the
payment of rent to be paid by Tenant under, this Lease or in the
compliance with any provision of this Lease and such default  of
Tenant shall continue uncured for ten (10) days in the case of a
monetary  default  or thirty (30) days in the  case  of  a  non-
monetary default after written notice thereof from the Landlord,
then  the  Landlord, may (i) terminate this Lease, or  (ii)  re-
enter  the  Premises by summary proceedings,  in  either  event,
removing Tenant and removing all property from the Premises, and
to  the  extent  Landlord terminates Tenant's possessory  rights
without  terminating  this Lease, using  reasonable  efforts  to
relet  the Premises for the reasonable market value, and receive
the  rent  therefrom and apply such rent to the Annual Rent  and
other  charges  due under this Lease; provided, however,  Tenant
shall  remain liable for the amount of all rent for  the  entire
term  of this Lease less the monies actually collected from such
re-renting which Landlord shall apply to relet and other charges
due under this Lease, if any. Notwithstanding the foregoing,  in
the case of a non-monetary default, if such non-monetary default
is  not  reasonably capable of being cured within  the  original
thirty  (30) day period, then the period for curing such default
shall  be  extended  for so long as Tenant  is  proceeding  with
reasonable  diligence  to cure such default.  In  no  event  may
Landlord  accelerate or otherwise require  Tenant  to  pay  Tent
prior to the date such rent would otherwise be due.

     If  a  petition in bankruptcy shall be filed by  Tenant  or
Tenant  shall be adjudicated a bankrupt, or Tenant shall make  a
general  assignment for the benefit of creditors, or if  due  to
any  proceeding based upon the insolvency of Tenant, a  receiver
of  ill  of the property of Tenant shall be appointed and  shall
not be discharged within sixty (60) days after such appointment,
then  Landlord may terminate this Lease by giving written notice
to  Tenant  of  its  intention to  do  so.  Landlord  shall  use
reasonable  efforts to mitigate its damages upon  a  default  by
Tenant under this Lease.

     If  Tenant shall from time to time fail to perform any  act
or  acts  required of Tenant pursuant to Articles 5 or  Sections
l3(a)  or  (b)  of this Lease and if such failure continues  for
thirty (30) days after receipt of notice from Landlord, Landlord
shall then have the right, at Landlord's option, to perform such
act  or  acts,  in  such  manner as  Landlord  deems  reasonably
necessary,  and  the  full amount of the  cost  and  expense  so
incurred  shall immediately be owing by Tenant to  Landlord.  No
delay  on  the  part of either party in enforcing  any  .of  the
provisions  of  this  Lease  shall be  considered  as  a  waiver
thereof.  Any consent or approval granted by either party  under
this  Lease must be in writing and shall not be deemed to  waive
or  render unnecessary the obtaining of consent or approval with
respect  to any subsequent act or omission for which consent  is
required or sought.

          (b)  LANDLORD  DEFAULT. If Landlord  defaults  in  the
compliance with any provision of this Lease and such default  of
Landlord  continues uncured for thirty (30) days  after  Written
notice  from Tenant to Landlord. then in addition to  all  other
rights and remedies provided by law and in equity  Tenant  shall
have the right to cure such default and Landlord shall reimburse
Tenant  within  thirty  (30) days after  receipt  of  reasonable
written   evidence   of   such   costs   incurred   by   Tenant.
Notwithstanding the foregoing; if such default is not reasonably
capable of being cured within thirty (30) days. then the  period
for  curing  such  default  shall be extended  for  so  long  as
Landlord  is proceeding with reasonable diligence to  cure  such
default.  If any such default by Landlord continues uncured  for
ninety  (90)  days  after Written notice from Tenant.  then.  in
addition  to  its other rights. Tenant shall have the  right  to
terminate this Lease by Written notice to Landlord.

          (c}   GO-DARK/RECAPTUTE  Landlord  acknowledges   that
Tenant  shall have no obligation to continuously operate in  the
Premises,  however,  should Tenant fail to continuously  operate
for a period of ninety (90} consecutive days, Landlord may, upon
thirty  (30)  days'  written notice to Tenant (the  "Termination
Date")  terminate this Lease, unless Tenant, during such  thirty
(30) day period, reopens the Premises for business. In the event
Landlord terminates pursuant to this provision, the Tenant shall
be  responsible  for all Rent and other charges due  under  this
Lease  through the Termination Date, and following  termination,
Tenant   and  Landlord  shall  be  released  from  any   further
obligations under this Lease.

     18.    TENANT'S  EXCLUSIVE  USE/NON-DISTURBANCE.   Landlord
covenants   that  it  will  not  (except  as  to  the  Premises)
construct, lease or occupy, or permit to be constructed,  leased
or  occupied,  a farm, ranch or feed retail store  on  any  real
property (collectively, the "Property") which Landlord  (or  any
affiliate  or  partner  of Landlord,  or  any  entity  in  which
Landlord possesses an interest) owns, now or during the Term  of
this  Lease, within a five (5) mile radius of the Premises.  The
covenants  and restrictions contained' in this section  are  for
the  benefit  of the Premises, shall run with the  Property  and
inure  to and pass with the Premises, and shall be binding  upon
any and all successive owners of the Property herein restricted.
Landlord  covenants that in the event Landlord  shall  hereafter
sell  the  Property  or  any portion thereof,  or  any  interest
therein,  it will impose or cause to be imposed in the documents
of transfer a restriction preventing and prohibiting the grantee
or any future owner from using the Property so sold in violation
of  the foregoing covenants and restrictions during the term  of
this  Lease. At the request of Tenant, Landlord shall record  an
instrument or instruments setting forth the covenants  contained
in  this Section 18. Landlord covenants that in the event  of  a
breach of the foregoing covenants and restrictions, it will  use
its best efforts to enforce such provisions. Notwithstanding the
preceding  sentence,  in the event a violation  of  any  of  the
covenants  and restrictions set forth in this section  continues
for more than one hundred eighty (180) days, Tenant, in addition
to  any  other  rights or remedies under law it may  have  as  a
result  of  such violation, shall have the option  to  terminate
this  Lease upon Written notice to Landlord whereupon this Lease
and  the  tenancy created hereunder shall cease.  In  the  event
Landlord acquires ownership or control of property which already
contains  a  use  prohibited by this  Section  (a  "Pre-Existing
Use"),   Landlord's  ownership  or  control  of  such   property
containing  a  Pre-Existing  Use  shall  not  be  considered   a
violation of this Section.

     19.   SURRENDER OF PREMISE. At the expiration of the  Term,
Tenant shall leave and surrender the Premises in good order  and
condition, excepting reasonable wear and tear and any  insurable
loss  or damage by fire, the elements, casualty and as otherwise
provided herein.

     20.  HOLDOVER. Any holding over after the expiration of the
Term  shall create a month-to-month tenancy, and shall otherwise
be  on  the same terms and conditions as specified in this Lease
as  far as applicable, except that Annual Rent shall be 150%  of
the  Annual  Rent  then in effect at the end of  the  applicable
Tenn. Nothing herein contained will be deemed to give Tenant the
right to hold over and Tenant covenants that on the last day  of
the  Term  it  will  peaceably leave and quietly  surrender  the
Premises.

     21.   SATEILITE COMMUNICATIONS DISC AND EQUIPMENT. Landlord
agrees that during the term of this Lease, Tenant shall have the
right  to  install a satellite communications disc  and  related
equipment, subject to applicable Laws. Tenant shall do so at its
own cost and expense and in accordance with all applicable Laws.
Additionally,  Tenant shall defend, indemnify and hold  Landlord
harmless from and against any claims, costs or expenses incurred
by  Landlord  as  a result of such installation  by  Tenant;  If
Tenant shall install such equipment, Tenant shall be responsible
for  the maintenance and repair thereof, at Tenant's sole  cost.
At  the  expiration  or other termination  of  the  Lease,  said
equipment  shall  remain the property  of  Tenant,  and  may  be
removed by Tenant, provided that Tenant shall repair any and all
damage caused by such removal.

     22.   SIGNS  Subject to applicable Laws, Tenant shall  have
the  right  to  install, maintain and replace  on  the  Premises
Tenant's standard signs and logos, including the installation of
a pylon sign, the general specifications for which are set forth
in  Exhibit  E attached hereto. Landlord warrants that,  to  the
best  of Landlord's knowledge, the Permitted Exceptions  do  not
prohibit Tenant's standard signs and 1ogos. Tenant shall  obtain
any  and  all applicable permits from the locality in which  the
Premises  are  located  for  the installation,  maintenance  and
replacement of such, signs and logos.

     23.  ENVIROMENTAL.

          (a)   LANDLORD  REPRESENTATIONS.  Landlord   warrants.
represents and covenants that. to its knowledge. and  except  as
disclosed in the Phase I Environmental Site Assessment dated May
3,  2004   and prepared by Schneider Engineering  there  are  no
"Regulated  Substances" (as defined herein) in, on. or  released
or  being  released  from  under the land,  including,  but  not
limited to, the Premises, and, except for the acts of Tenant  or
any  agent or party acting at the discretion or with the consent
of  Tenant,  that  the Premises will remain  in  that  condition
during  the  Term  of this Lease. "Regulated  Substances"  shall
include "hazardous waste", "hazardous substances", "asbestos  or
asbestos    containing   materials",   "regulated   substances",
"petroleum",  "polychlorinated biphenyls", and other  substances
or   chemicals   regulated   pursuant   to   the   Comprehensive
Environmental  Response, Compensation,  and  Liability  Act,  42
U.S.C. 9601-9675, the Solid Waste Disposal Act, 42 U.S.C.  6901-
6991i,  the  Toxic Substances Control Act, 15 U.S.C.  2601-2692,
and  the  regulations promulgated under those federal  statutes,
and  the  analogous  and  other  state  environmental  laws  and
regulations. Landlord specifically represents that there are  no
asbestos  or  asbestos  containing materials  in  the  Premises.
Landlord   shall  comply  with  all  governmental  requirements,
including,         without         limitation,         financial
responsibility/assurance   requirements,   relating    to    any
underground storage tanks located in, on or under the Premises.

          (b)  LANDLORD  INDEMNIFICATION.  Landlord  agrees   to
indemnify,  hold  harmless and defend Tenant from  any  and  all
claims, damages, fines, judgments, penalties, costs, liabilities
or  loss  (including, without limitation, any and all sums  paid
for  settlement of claims, reasonable attorneys' fees consultant
and  expert  fees) arising during or after the Term from  or  in
connection  with  any inaccuracy in or breach of  any  covenant,
warranty, representation, or obligation of Landlord set forth in
this section.

          (c) TENANT INDEMNIFICATION. Tenant shall not cause  or
permit  any  Regulated Substances to be used, stored, generated,
or  disposed  of, on, in, or about the Premises, except  in  the
ordinary  course  of  Tenant's business and in  compliance  with
applicable  Laws. Nothing in this section shall be construed  to
hold  Landlord responsible for the activities of Tenant  or  any
agent  or party acting at the discretion or with the consent  of
Tenant  or for Regulated Substances introduced into or onto  the
Premises  by  Tenant  or  any  agent  or  party  acting  at  the
discretion or with the consent of Tenant, and Tenant  agrees  to
indemnify,  hold harmless and defend Landlord from any  and  all
claims, damages, fines, judgments, penalties, costs, liabilities
or  loss  (including,  without limitation;  any  sums  paid  for
settlement of claims, reasonable attorneys' fees, consultant and
expert  fees)  arising  during or after the  Term  and  directly
caused by Tenant's introduction or any agent or party acting  at
the  discretion  or  with  the consent of  Tenant  of  Regulated
Substances into or onto the Premises.

     24.   MEMORANDUM. Landlord and Tenant agrees  that  at  any
time  on  request of the other party. both parties shall execute
a:  memorandum of lease {a "Memorandum of Lease" ) setting forth
the  minimum requirements required by applicable state law.  and
the  party  requesting  such  Memorandum  of  Lease:  shall   be
permitted  to record the Memorandum of Lease, in the appropriate
land  records  of  the  jurisdiction in which  the  Premises  is
located, at its option arid expense.

     25    NOTICES. Notices to Landlord and Tenant shall be sent
by   (a)  first  class  mail,  postage  prepaid,  registered  or
certified mail, return receipt requested, (b) hand delivery,  or
(c) overnight mail service, addressed as follows:

If to Landlord:

Bunnell Hill Development Co., Inc.
3000G Henkle Drive
Lebanon; Ohio 45036
Attn: Michael Schueler

If to Tenant:

Tractor Supply Company
200 Powell Place.
Brentwood, Tennessee 37027
Attn: Real Estate Department

Copy to

Sherrard & Roe, PLC
424 Church Street, Suite 2000
Nashville, TN 37219
Attn: Kim A. Brown, Esq .

     Notices shall be deemed received (a) upon hand delivery (b)
the  next business day if overnight mail service is used  or (c)
when  the  return  receipt   is signed by the recipient. or  its
if  the return receipt is not signed or delivery refused,  three
(3)  business days after the sender has so deposited such notice
in  a  U.S. post office or any branch thereof. Either party  may
designate a substitute address from time to time. by notice sent
in writing in accordance with the provisions of this section.

     26.   WAIVER. The parties agree the failure of either party
to  insist  upon  strict  observance of  any  of  the  terms  or
conditions  of  this Lease at any time shall  not  be  deemed  a
waiver  of  such party's right to insist upon strict  observance
thereafter;

     27    ENTIRE  AGREEMENT/SEVERABILITY .This  is  the  entire
agreement  and  Understanding between the  parties,  written  or
oral,  with  respect  to the transaction  contemplated  by  this
Lease,  and/supersedes any prior negotiations or  understandings
between  the parties. If my term, covenant or condition of  this
Lease  or the application thereof shall to any extent,  be  held
invalid  or  unenforceable, the remainder of this Lease  or  the
application thereof other than those to which it is held invalid
or unenforceable; shall not be affected thereby and in each term
this  Lease  shall be valid and enforced to the  fullest  extent
permitted by law,

     28.  CAPTIONS AND SECTION NUMBERS. The captions and section
numbers appearing in this Lease are inserted only as a matter of
convenience  and in no way define the scope or  intent  of  such
sections of this Lease or in any way affect this Lease.

     29.   MODIFICATION. This Lease may not be modified  in  any
manner except by an instrument executed by the parties hereto or
their respective successors in interest.

     30.   APPLICABLE  LAW. This Lease shall be construed  under
the law of the State in which the Premises are located.

     31.  [RESERVED]

     32.   EXEMPIARY  DAMAGES. All parties  hereby  waive  their
rights  to:  trial by jury with respect to any  dispute  arising
under  this  Agreement. No party shall be  awarded  punitive  or
other  exemplary  damages respecting any dispute  arising  under
this Agreement.

     33.   ATTORNEYS' FEES. The unsuccessful party to any  court
or  other proceeding arising out of this Agreement shall pay  to
the  prevailing party all reasonable attorneys,  fees and  costs
actually  incurred by the prevailing party, in addition  to  any
other relief to which it may be entitled.

     34.   NO  PARTNERSHIP,  ETC. This Agreement  shall  not  be
construed  as  creating  a joint venture,  partnership,  agency,
employment relationship or other enterprise between the parties.

     35.   COMMISSIONS.  Except as set forth below,  each  party
hereto represents and warrants unto the other that there are  no
claims  for commissions or finder's fees in connection with  the
negotiation or execution of this Lease, and each of said parties
agrees  to  indemnify  and save the other harmless  against  all
liabilities arising m any such claim by, through or  under  said
party (including, without limitation. cost of attorney's fees in
connection  therewith).  Landlord acknowledges  that  Tenant  is
represented by N/A which shall be paid a commission by  Landlord
equal to -0-.

     36.   ESTOPPEL CERTIFICATE. Tenant shall, within  ten  (10)
business  days  of  a  written request from  Landlord,  execute,
acknowledge and deliver to Landlord a statement in writing:  (i)
certifying  that the Lease is unmodified and in full  force  and
effect (or, if modified, stating the nature of such modification
and  certifying that this Lease as so modified, is in full force
and  effect)  and the date to which rent and other  charges  are
paid  in advance, if any; (ii) acknowledging that there are  not
to  Tenant's  knowledge, any uncured defaults  on  the  part  of
Landlord  hereunder, or specifying such defaults,  if  any,  are
claimed;  and (iii) such other items as Landlord may  reasonably
request. Such statement shall run in favor of and be in  a  form
as  may  be  reasonably  acceptable to Landlord  (including  its
lenders and prospective purchasers) and Tenant.

     31.  LANDLORD'S ACCESS:Landlord reserves the right to enter
the  Premises or any part thereof at reasonable hours, and  upon
reasonable prior notice (except in the case of an emergency)  to
make inspections repairs, alterations or additions in or to  the
Premises or the Building, to exhibit the Premises to prospective
tenants  ,purchasers or others. to display during the  last  one
hundred eighty days of the term without hindrance or molestation
by  Tenant  "For Rent" and similar signs related to the  safety,
protection, preservation; reletting, on windows or elsewhere  in
or  on the Premises, and to perform any sale or improvements  of
the  Premises  or  the  building, .The  exercise  of  any  right
reserved  hereunder by Landlord shall not be deemed an  eviction
or  disturbance of Tenant's use and possession of  the  Premises
and  shall never render Landlord liable any manner to Tenant  or
to any other person.

IN WITNESS WHEREOF, this agreement has been duly executed as of
the day and year first above written.

                         LANDLORD:

                         BUNNELL HILL DEVELOPMENT CO., INC.,
                         an Ohio corporation

                         By:/s/ Theodore A Gilbert
                         Print Name: Theodore A. Gilbert
                         Title: Treasurer

                         SS# Fed .ID.: 31-0885124

                         TENANT:

                         TRACTOR SUPPLY COMPANY,
                         a Delaware corporation

                         By: /s/ Clay Teter

                         Print Name: Clay Teter
                         Title: Vice President

STATE OF OHIO    )
                 )SS
COUNTY OF Warren )

The  foregoing instrument was acknowledged before  me,  a  notary
public,  this 26th day of, 2005 by Theodore A. Gilbert, Treasurer
of  BUNNELL  HILL DEVELOPMENT CO., INC., an Ohio corporation,  on
behalf of such corporation.

                         Notary Public  /s/ Janet L Longacre
                         Print Name
                         My Commission Expires

                                   [notary seal]

STATE OF TENNESSEE )
                   ) SS
COUNTYOF DAVIDSON  )

The  foregoing instrument was acknowledged before  me,  a  notary
public,  this  28  day of January 2005 by, Clay  Teter  the  Vice
President  of TRACTOR SUPPLY COMPANY, a Delaware corporation,  on
behalf of such corporation.

                         Notary Public /s/ Karen G Bass
                         Print Name        Karen G Bass
                         My Commission Expires May 30, 2007

                                      [notary seal]

                           Exhibit A

   [Metes and Bounds Description to include Square Footage]

Part of the North Half of the Southeast Quarter of Section  13,
Township  24  North,  Range  7  East,  Grant  County,   Indiana
described as follows:

Commencing at the southeast comer of said section; thence North
00  degrees  56 minutes 50 seconds West (state plane coordinate
bearing  Indiana East Zone) along the east line of said section
a  distance of 1,569.75 feet to the easterly extension  of  the
north right of way line of 35th Street; thence South 88 degrees
58  minutes  50  seconds West along said easterly  extension  a
distance of 105.51 feet to the intersection of said no-right of
way line of 35th Street arid the westerly right of way line  of
State Road 9 & 15 per State Highway Project No. NH-099-0(8) and
the Point of Beginning; thence Soutth 89 degrees 00 minutes  11
seconds West a distance of 557.60 feet to an iron pipe with cap
stamped "MANSHIP S0434"; thence North 01 degrees 22 minutes  37
seconds West a distance of325.58 feet through a rebar with  cap
stamped "MANSHIP S0434" to the southeasterly right of way  line
of  Noifolk  &  Western Railroad; thence North  79  degrees  45
minutes 39 seconds East along said southeasterly right  of  way
line  a  distance of 570.16 feet to said westerly right of  way
line  of  State  :Road 9 & (the following three courses  are  .
along  said  westerly right of way line); 1)  thence  south  01
degrees  16 minutes 12 seconds East a distance of 159.48  feet;
2)  thence  South  02  degrees 40 minutes  02  seconds  East  a
distance of 205.06 feet; 3) thence South 09 degrees 13  minutes
59  seconds  West  a distance of 54.86 feet  to  the  Point  of
Beginning, containing 4.82 acres, more or less.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]