Document:

Exhibit 10.46
 

 

 

Master Amendment To:

Master Lease and Deed of Trust;

Lease Supplement No. 1; 

Assignment of Lease and Rent and Security Agreement;

and

Deed of Trust and Security Agreement with Assignment
of Rents

 

Dated
as of December 8, 2006

 

Among

 

SABRE
INC.,

as Lessee,

 

CSL
LEASING INC.,

as Lessor,

JEFFREY
A. RATTIKIN,

as Deed of Trust Trustee,

 

 and

WILMINGTON
TRUST COMPANY,

as
Indenture Trustee

   
 

 

MASTER AMENDMENT TO:

MASTER LEASE AND DEED OF TRUST;

LEASE SUPPLEMENT NO. 1; 

ASSIGNMENT OF LEASE AND RENT AND SECURITY
AGREEMENT;

AND

DEED OF TRUST AND SECURITY AGREEMENT WITH ASSIGNMENT OF RENTS

This MASTER AMENDMENT TO:  MASTER
LEASE AND DEED OF TRUST; LEASE SUPPLEMENT NO. 1;  ASSIGNMENT OF LEASE AND RENT AND SECURITY
AGREEMENT; AND DEED OF TRUST AND SECURITY AGREEMENT WITH ASSIGNMENT OF RENTS(this “Master
Amendment”) is entered into as of December 8, 2006 among Sabre Inc., a Delaware corporation, as Lessee
(the “Lessee”); CSL LEASING INC., a Delaware corporation, as Lessor
(the “Lessor”); JEFFREY A.
RATTIKIN, as trustee (the “Deed of Trust Trustee”);
and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as Indenture
Trustee (the “Indenture Trustee”).  All capitalized terms used herein without
definition shall have the same meanings herein as such terms are defined in
Appendix A to the Participation Agreement dated as of June 15, 2003 (as
amended, supplemented, restated or otherwise modified from time to time, the “Participation Agreement”) among, inter alia, the parties hereto, and the
rules of interpretation set forth in such Appendix shall apply to this Master
Amendment.

WITNESSETH:

WHEREAS, the parties
hereto are the parties to the following documents (collectively, the “Real Estate Documents”) all pertaining to
the real property described on Exhibit A
attached hereto (the “Original Property”):
(a) that certain unrecorded Master Lease and Deed of Trust (as amended,
supplemented, restated or otherwise modified from time to time, the “Master Lease”) dated as of June 15,
2003, (b) that certain Lease Supplement No. 1 (the “Lease Supplement”) dated June 26,
2003 and recorded in Volume 16860, Page 124, Real Property Records of Tarrant
County, Texas and recorded in Volume 5363, Page 4499, Real Property Records of
Denton County, Texas, (c)  that certain Assignment of Lease and Rent and
Security Agreement (the “Lease Assignment”)
dated as of June 15, 2003 and recorded in Volume 16860, Page 125, Real
Property Records of Tarrant County, Texas and recorded in Volume 5363, Page
4539, Real Property Records of Denton County, Texas, (d)  that certain
Deed of Trust and Security Agreement with Assignment of Rents (the “Deed of Trust”) dated as of June 15,
2003 and recorded in Volume 16860, Page 127, Real Property Records of Tarrant
County, Texas and recorded in Volume 5363, Page 4578 Real Property Records of
Denton County, Texas; and

WHEREAS, the Lessee is
exercising the Partial Purchase Option under Section 18.1 of the Master Lease
and causing the conveyance of a portion of the Original Property described on Exhibit B attached hereto (such portion being conveyed, the “Conveyed Property”) and the remaining portion described on Exhibit C attached hereto (the “Remaining
Property”) shall remain subject to the Real Estate Documents;

 

	
  Sabre Inc.

  	
   

  	
  Master Amendment

  

 

WHEREAS, the parties
hereto wish to amend the legal description of the Original Property contained
in each of the Real Estate Documents with the legal description of the
Remaining Property (said description is hereafter referred to as the “New Legal Description”); and

NOW, THEREFORE, in consideration of the mutual
agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

Section 1.           Amendment to Exhibit A of the Deed of
Trust.  From and after
the Amendment Effective Date, Exhibit A of the Deed of Trust is hereby
amended and restated in its entirety to read as set forth on the New Legal
Description and the Conveyed Property shall no longer be subject to the terms
and conditions of the Deed of Trust.

Section 2.           Amendment to
Schedule I to the Lease Supplement. 
From and after the Amendment Effective Date, Schedule I to the Lease Supplement is hereby amended and
restated in its entirety to read as set forth on the New Legal Description and
the Conveyed Property shall no longer be subject to the terms and conditions of
the Lease Supplement.

Section 3.           Amendment to Exhibit A of the Lease Assignment.  From and after the Amendment Effective Date, the Exhibit A of the Lease Assignment
is hereby amended and restated in its entirety to read as set forth on the New
Legal Description and the Conveyed Property shall no longer be subject to the
terms and conditions of the Lease Assignment.

Section
4.           Master
Lease Amendment.  From and after the Amendment Effective
Date, the Conveyed Property shall no longer be subject to the terms and conditions
of the Master Lease.

Section
5.           Representations and
Warranties.  The Lessee
hereby represents and warrants to the Indenture Trustee, each Purchaser and the
Lessor:

(a)           No Default or Event of Default has
occurred and is continuing (or would result from the amendments contemplated
hereby).

(b)           The execution, delivery and
performance by the Lessee of this Master Amendment and each of the documents
amended hereby (as amended by this Master Amendment), as the case may be, have
been duly authorized by all necessary corporate action and do not and will not
require any registration with, consent or approval of, or notice to or action
by, any Person (including any Governmental Authority) in order to be effective
and enforceable.

(c)           This Master Amendment and each of the
documents amended hereby (as amended by this Master Amendment) constitute the
legal, valid and binding obligations of the Lessee, enforceable against it in
accordance with their respective terms, except as such enforceability may be
limited by (i) applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditors’ rights
generally and (ii) general principles 

 2
 

 

of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law).

(d)           All conditions precedent to Lessee’s
exercise of the Partial Purchase Option set forth in Section 18.1 of the Master
Lease have been satisfied.

Section 6.           Continuing Effectiveness;
Ratification.  As herein amended, the Master Lease and each
of the Operative Documents  shall remain
in full force and effect and each of the agreements and obligations contained
therein (as amended hereby) is hereby ratified and confirmed in all respects.  After the Amendment Effective Date, all
references to the “Master Lease”, “Lease
Supplement”, “Deed of Trust”
and “Lease Assignment” in the Operative Documents respectively,
shall refer to such documents as amended hereby.

Section 7.           Counterparts.  This
Master Amendment may be executed in any number of counterparts and by the
different parties on separate counterparts, and each such counterpart shall be
deemed to be an original but all such counterparts shall together constitute
one and the same Amendment.

Section 8.           Governing Law.  This
Master Amendment shall be a contract made under and governed by the laws of the
State of New York applicable to contracts made and to be performed entirely
within such state.

Section 9.           Successors
and Assigns.  This Master Amendment shall be binding upon
the parties hereto and their respective successors and assigns, and shall inure
to the benefit of the parties hereto, and their respective successors and
assigns.

Section 10.       Effectiveness.  The
amendments set forth herein shall become effective as of the date hereof (the “Amendment Effective Date”) upon the Indenture Trustee’s receipt of counterparts of this Master
Amendment executed by the parties hereto and release of the same for
recordation in Denton County, Texas and Tarrant County, Texas.

[SIGNATURE PAGES TO FOLLOW]

 3
 

 

This Master Amendment is
entered into between us for the uses and purposes hereinabove set forth as of
the date first above written

	
  Lessee

  	
  SABRE INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By 

  	
   

  	
  /s/Gary Golden

  
	
   

  	
   

  	
   

  	
  Name Garrett K.
  Golden

  
	
   

  	
   

  	
   

  	
  Its SVP
  Corporate Planning & Development

  
	
   

  	
   

  
	
   

  	
   

  
	
  Lessor:

  	
  CSL LEASING INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
  /s/Michael
  O’Hern

  
	
   

  	
   

  	
   

  	
  Name Michael
  O’Hern

  
	
   

  	
   

  	
   

  	
  Its Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  Indenture
  Trustee:

  	
  WILMINGTON TRUST COMPANY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
  /s/ Tira Johnson

  
	
   

  	
   

  	
   

  	
  Name Tira L.
  Johnson

  
	
   

  	
   

  	
   

  	
  Its Financial
  Services Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Deed of Trust
  Trustee:

  	
  Jeffrey A. Rattikin,
  as Deed of Trust Trustee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  /s/Jeffrey A. Rattikin

  

 

 4

	
  STATE OF TEXAS

  	
  )

  
	
   

  	
  ) SS.:

  
	
  COUNTY OF TARRANT

  	
  )

  

I, the undersigned, a Notary Public in and for said
County, in the State aforesaid, do hereby certify that Garrett K. Golden,
the SVP Corporate Planning and Development of SABRE INC., a Delaware
corporation, who is personally known to me to be the same person whose name is
subscribed to the foregoing instrument as such officer, appeared before
me this day in person and acknowledged that she/he signed and delivered the
said instrument as her/his own free and voluntary act and as the free and
voluntary act and deed of said corporation for the uses and purposes therein
set forth.

Given under my hand and
notarial seal, this 7th day of December, 2006.

[NOTARIAL SEAL]

	
  

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/Kristi N.
  Wooddell

  
	
   

  	
   

  	
  (TYPE OR PRINT
  NAME)

  

 

(SEAL)

Commission Expires:

04-11-07

 

	
  STATE OF OHIO

  	
  )

  
	
   

  	
  ) SS.:

  
	
  COUNTY OF DELAWARE

  	
  )

  

I, the undersigned, a Notary Public in and for said
County, in the State aforesaid, do hereby certify that Michael O’Hern,
the Vice President of CSL LEASING, INC., a Delaware corporation, who is
personally known to me to be the same persons whose names is subscribed to the
foregoing instrument as such Vice President, appeared before me this day in
person and acknowledged that she/he signed and delivered the said instrument as
her/his own free and voluntary act and as the free and voluntary act and deed
of said Indenture Trustee for the uses and purposes therein set forth.

Given under my hand and
notarial seal, this 7th day of  December,
2006.

[NOTARIAL SEAL]

	
  

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/Stacy R. Roth

  
	
   

  	
   

  	
  (TYPE OR PRINT
  NAME)STACY R. ROTH

  

(SEAL)

Commission Expires:

3/11/2009

 

 STATE OF DELAWARE                                   )

                                                                )
SS.:

COUNTY OF NEW CASTLE                             )

I, the undersigned, a Notary Public in and for said
County, in the State aforesaid, do hereby certify that Tira L. Johnson, the
Financial Services Officer of WILMINGTON TRUST COMPANY, as Indenture Trustee,
who is personally known to me to be the same person whose name is subscribed to
the foregoing instrument as such Tira L. Johnson, appeared before me this day
in person and acknowledged that she/he signed and delivered the said instrument
as her/his own free and voluntary act and as the free and voluntary act and
deed of said corporation for the uses and purposes therein set forth.

Given under my hand and
notarial seal, this 7 day of December, 2006.

[NOTARIAL SEAL]

	
  

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/Jacqueline
  Solone

  
	
   

  	
   

  	
  (TYPE OR PRINT
  NAME)

  

(SEAL)

Commission Expires:

___[Notarial Seal]_________________

STATE OF TEXAS                                              )

                                                                )
SS.:

COUNTY OF TARRANT                                   )

I, the undersigned, a
Notary Public in and for said County, in the State aforesaid, do hereby certify
that of JEFFREY A. RATTIKIN, as Deed of Trust Trustee, who is personally known
to me to be the same person whose name is subscribed to the foregoing
instrument, appeared before me this day in person and acknowledged that he
signed and delivered the said instrument as his own free and voluntary act for
the uses and purposes therein set forth.

Given under my hand and
notarial seal, this 8th day of December, 2006.

[NOTARIAL SEAL]

	
  

  	
   

  	
  Notary Public

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/Sabra M.
  Robinson

  
	
   

  	
   

  	
  (TYPE OR PRINT
  NAME)

  

(SEAL)

Commission Expires:

                                    

 

EXHIBIT
A

DESCRIPTION
OF ORIGINAL PROPERTY

TRACT 1:

BEING a tract
of land situated in the J. B. Martin Survey, Abstract No.1134, the T. W. Mann
Survey, Abstract No. 1107,  and the U. P.
Martin Survey, Abstract No. 1015, Tarrant County, Texas, and the W. Medlin
Survey, Abstract No. 1588 Denton County, Texas, and being a portion of Lot 1,
Block 1, of the Sabre Group Campus, an addition to the City of Southlake,
Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant County
Plat Records and being more particularly described by metes and bounds as
follows:

BEGINNING at a
5/8 inch iron rod found with “Huitt-Zollars” cap on the southerly platted
right-of-way line of Kirkwood Boulevard (formerly Parkway Boulevard) 131 foot
right-of-way, said iron rod being at the most southerly southwest corner of
MTP-IBM Addition No. 1, an addition to the City of Southlake, Tarrant County,
Texas, as recorded in Volume 388/211, Page 68 and 69 of Tarrant County Plat
Records and recorded in Volume G, Page 208 of the Plat Records of Denton
County, Texas

THENCE along
the southerly right-of-way line of said Kirkwood Boulevard as follows:

North 63 degrees 15 minutes 25 seconds East, a distance of 32.25 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of a
curve to the right;

Along said curve to the right with a central angle of 24 degrees 19
minutes 16 seconds, a radius of 1,419.50 feet, an arc distance of 602.55 feet a
long chord that bears North 75 degrees 25 minutes 02 seconds East, a distance
of 598.04 feet to an X cut found;

North 87 degrees 34 minutes 40 seconds East, a distance of 137.89 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the southeast corner
of said MTP-IBM Addition No. 1;

THENCE North 00 degrees 09 minutes 22 seconds West, along an east line
of said MTP-IBM Addition No. 1, a distance of 14.01 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap on the south right-of-way line of Kirkwood
Boulevard as established by said Sabre Group Campus addition;

THENCE North 87 degrees 34 minutes 40 seconds East along the south
right-of-way line of said Kirkwood Boulevard a distance of 252.04 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap at the beginning of a curve to the
left;

THENCE continuing along the south right-of-way line of Kirkwood Boulevard
and along said curve to the left through a central angle of 09 degrees 11
minutes 39 seconds, a radius of 401.50 feet, an arc distance of 64.43 feet,
being subtended by a chord bearing North 82 degrees 58 

minutes 51 seconds East a distance of
64.36 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE departing the south right-of-way line of Kirkwood Boulevard,
South 22 degrees 30 minutes 21 seconds East a distance of 119.26 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 67 degrees 59 minutes 47 seconds West a distance of 70.78
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 21 degrees 59 minutes 34 seconds East a distance of 350.46
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE North 68 degrees 00 minutes 26 seconds East a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 22 degrees 52 minutes 05 seconds East a distance of 7.15
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 07 degrees 12 minutes 29 seconds East a distance of 203.67
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 87 degrees 46 minutes 56 seconds East a distance of 190.18
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 59 degrees 01 minutes 33 seconds East a distance of 31.03
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 57.08
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 10 degrees 05 minutes 54 seconds West a distance of 129.53
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 86 degrees 20 minutes 23 seconds East a distance of 423.57 feet
to a point for corner on the westerly line of Kirkwood Boulevard, a variable
width Private and Emergency Access, Utility, and Drainage Easement, recorded in
Cabinet A, Page 7214 of the Plat Records of Tarrant County, Texas;

 

THENCE South 05 degrees 49 minutes 05 seconds West along the westerly
line of Kirkwood Boulevard a distance of 381.60 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap at the beginning of a curve to the left;

THENCE,
continuing
along the westerly line of Kirkwood Boulevard andalong
said curve to the left with a central angle of 40 degrees 55 minutes 16
seconds, a radius of 1,053.50 feet, an arc distance of 752.42 feet a long chord
that bears South 14 degrees 38 minutes 33 seconds East, a distance of 736.53
feet to a 5/8 inch iron rod set
with “Huitt-Zollars” cap;

THENCE, South
35 degrees 06 minutes 11 seconds East continuing along the westerly line of
Kirkwood Boulevard a distance of 268.48 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap on the
northerly line of Kirkwood Hollow Phase I, an addition to the City of Southlake
as recorded in Cabinet A, Page 4537 of the Tarrant County Plat Records;

THENCE, South 56
degrees 24 minutes 01 seconds West along the platted northwesterly line of said
Kirkwood Hollow Phase I and an extension thereof a distance of 92.10 feet to
point for corner in the centerline of South Fork Kirkwood Branch;

THENCE, generally
along the centerline of said branch the following courses and distances:

South 17 degrees 28
minutes 39 seconds West a distance of 13.61 feet to a point for corner;

South 40 degrees 25
minutes 34 seconds West a distance of 38.10 feet to a point for corner;

South 26 degrees 58
minutes 38 seconds West a distance of 25.77 feet to a point for corner;

South 02 degrees 00
minutes 59 seconds West a distance of 29.72 feet to a point for corner;

South 69 degrees 47
minutes 31 seconds West a distance of 22.44 feet to a point for corner;

South 84 degrees 36
minutes 18 seconds West a distance of 26.95 feet to a point for corner;

South 53 degrees 15
minutes 40 seconds West a distance of 22.56 feet to a point for corner;

South 25 degrees 06
minutes 35 seconds West a distance of 37.90 feet to a point for corner;

South 07 degrees 01
minutes 26 seconds East a distance of 29.93 feet to a point for corner;

 

South 00 degrees 53
minutes 14 seconds East a distance of 31.56 feet to a point for corner;

South 19 degrees 28
minutes 57 seconds West a distance of 14.92 feet to a point for corner;

South 59 degrees 39
minutes 56 seconds West a distance of 33.26 feet to a point for corner;

North 65 degrees 23
minutes 25 seconds West a distance of 50.64 feet to a point for corner;

South 76 degrees 18
minutes 39 seconds West a distance of 54.62 feet to a point for corner;

North 39 degrees 23
minutes 55 seconds West a distance of 28.52 feet to a point for corner;

North 80 degrees 25
minutes 36 seconds West a distance of 16.87 feet to a point for corner;

North 76 degrees 53
minutes 30 seconds West a distance of 38.04 feet to a point for corner;

North 43 degrees 26
minutes 30 seconds East a distance of 16.71 feet to a point for corner;

North 62 degrees 48
minutes 05 seconds East a distance of 25.48 feet to a point for corner;

North 03 degrees 15
minutes 56 seconds West a distance of 20.42 feet to a point for corner;

North 47 degrees 33
minutes 51 seconds West a distance of 25.63 feet to a point for corner;

North 57 degrees 28
minutes 08 seconds West a distance of 26.66 feet to a point for corner;

South 70 degrees 01
minute 26 seconds West a distance of 18.54 feet to a point for corner;

South 37 degrees 59
minutes 12 seconds West a distance of 30.91 feet to a point for corner;

 

South 09 degrees 24
minutes 11 seconds West a distance of 8.82 feet to a point for corner;

South 51 degrees 22
minutes 17 seconds West a distance of 41.55 feet to a point for corner;

South 32 degrees 44
minutes 12 seconds West a distance of 23.43 feet to a point for corner;

South 53 degrees 10
minutes 04 seconds West a distance of 44.67 feet to a point for corner;

South 66 degrees 26
minutes 53 seconds West a distance of 31.90 feet to a point for corner;

South 45 degrees 09
minutes 44 seconds East a distance of 17.42 feet to a point for corner;

South 76 degrees 54
minutes 57 seconds East a distance of 36.92 feet to a point for corner;

South 20 degrees 45
minutes 22 seconds West a distance of 40.45 feet to a point for corner;

South 30 degrees 23
minutes 01 second West a distance of 72.88 feet to a point for corner;

South 53 degrees 13
minutes 24 seconds West a distance of 99.78 feet to a point for corner;

South 62 degrees 06
minutes 48 seconds West a distance of 87.11 feet to a point for corner;

South 58 degrees 29
minutes 32 seconds West a distance of 51.51 feet to a point for corner;

North 85 degrees 07
minutes 51 seconds West a distance of 53.55 feet to a point for corner;

South 76 degrees 52
minutes 54 seconds West a distance of 38.97 feet to a point for corner;

North 67 degrees 16
minutes 38 seconds West a distance of 56.75 feet to a point for corner;

South 55 degrees 38
minutes 19 seconds West a distance of 11.38 feet to a point for corner on the
easterly right-of-way line of State Highway No. 114;

THENCE, along the easterly
right-of-way line of State Highway No. 114 as follows:

North 36 degrees 32 minutes 05 seconds West a distance
of 147.32 feet to a Texas Highway Department concrete monument, found;

North 47 degrees 50 minutes 42 seconds West, a
distance of 101.98 feet to a Texas Highway Department concrete monument, found;

North 36 degrees 32 minutes 04 seconds West, a
distance of 500.00 feet to a Texas Highway Department concrete monument, found;

North 32 degrees 14 minutes 44 seconds West, a
distance of 200.56 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 36 degrees 32 minutes 05 seconds West, a
distance of 199.81 feet to a Texas Highway Department concrete monument found;

North 42 degrees 14 minutes 23 seconds West, a
distance of 201.18 feet to a Texas Highway Department concrete monument, found;

North 36 degrees 32 minutes 05 seconds West, a
distance of 702.91 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 18 degrees 59 minutes 38 seconds West, a
distance of 112.97 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 32 degrees 06 minutes 29 seconds West, a
distance of 430.57 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 29 degrees 36 minutes 27 seconds West, a
distance of 232.63 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a curve to the left;

Along said curve to the left, with a central angle of
06 degrees 26 minutes 28 seconds, a radius of 1,452.40 feet, an arc distance of
163.28 feet, a long chord that bears North 32 degrees 49 minutes 41 seconds
West, a distance of 163.19 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the beginning of a reverse curve to the right;

Along said curve to the right, with a central angle of
99 degrees 18 minutes 20 seconds, a radius of 90.00 feet, an arc distance of
155.99 feet, a long chord that bears North 13 degrees 36 minutes 16 seconds East,
a distance of 137.18 feet to the POINT OF BEGINNING and
CONTAINING 84.62 acres of land, more or
less.

TRACT 2:

Being a tract of land situated in the U.P.
Martin Survey, Abstract No. 1015 and the W. Medlin Survey, Abstract No. 1958,
City of Southlake, Tarrant County, Texas and being a portion of Lot 2, Block 1,
(Kirkwood Boulevard) of the Sabre Group Campus, an addition to the City of
Southlake as recorded in Cabinet A, Page 7212 of the Plat Records Tarrant
County, Texas and being more particularly described as follows;

BEGINNING at a 5/8 inch iron rod found with “Huitt-Zollars” cap at the most
southwesterly corner of said Lot 2, Block 1;

THENCE along the northerly, easterly, westerly and southerly lines of
said Lot 2, Block 1, the following;

North 00 degrees 09 minutes 22 seconds West a distance of 103.08
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 87 degrees 34 minutes 40 seconds East a distance of 247.97
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the left;

Along said curve to the left, with a central angle of 48 degrees
16 minutes 27 seconds, a radius of 298.50 feet, an arc length of 251.50 feet,
being subtended by a chord of North 63 degrees 26 minutes 27 seconds East a
distance of 244.13 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 39 degrees 18 minutes 13 seconds East a distance of 365.12
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the right;

Along said curve to the right, with a central angle of 111 degrees
06 minutes 37 seconds, a radius of 432.50 feet, an arc length of 838.71 feet,
being subtended by a chord of South 85 degrees 08 minutes 31 seconds East a
distance of 713.33 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a compound curve to the right;

Along said curve to the right, with a central angle of 35 degrees
24 minutes 20 seconds, a radius of 2,053.50 feet, an arc length of 1,268.95
feet, being subtended by a chord of South 11 degrees 53 minutes 00 seconds East
a distance of 1,248.85 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap;

South 05 degrees 49 minutes 05 seconds West a distance of 525.17
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the left;

 

Along a curve to the left, with a central angle of 27 degrees 51
minutes 58 seconds, a radius of 946.50 feet, an arc length of 460.34 feet,
being subtended by a chord of South 08 degrees 06 minutes 54 seconds East a
distance of 455.81 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a non-tangent curve to the left;

Along a curve to the left, with a central angle of 13 degrees 03
minutes 23 seconds, a radius of 946.50 feet, an arc length of 215.69 feet,
being subtended by a chord of South 28 degrees 22 minutes 52 seconds East a
distance of 215.22 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

South 35 degrees 06 minutes 11 seconds East a distance of 271.33
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

South 56 degrees 24 minutes 01 second West a distance of 106.31
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

North 35 degrees 06 minutes 11 seconds West a distance of 268.48
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the beginning of a
curve to the right;

Along a curve to the right, with a central angle of 40 degrees 55
minutes 16 seconds, a radius of 1,053.50 feet, an arc length of 752.42 feet,
being subtended by a chord of North 14 degrees 38 minutes 33 seconds West a
distance of 736.53 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 05 degrees 49 minutes 05 seconds East a distance of 525.17
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the left;

Along a curve to the left, with a central angle of 32 degrees 22
minutes 04 seconds, a radius of 1,946.50 feet, an arc length of 1099.63 feet,
being subtended by a chord of North 10 degrees 21 minutes 57 seconds West a
distance of 1085.06 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a compound curve to the left;

Along a curve to the left, with a central angle of 109 degrees 51
minutes 56 seconds, a radius of 367.50 feet, an arc length of 704.69 feet,
being subtended by a chord of North 81 degrees 28 minutes 57 seconds West a
distance of 601.58 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

South 43 degrees 35 minutes 05 seconds West a distance of 352.12
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the right;

 Along
a curve to the right, with a central angle of 43 degrees 59 minutes 35 seconds,
a radius of 401.50 feet, an arc length of 308.28 feet, being subtended by a
chord of South 65 degrees 34 minutes 52 seconds West a distance of 300.76 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

South 87 degrees 34 minutes 40 seconds West a distance of 252.04
feet to the POINT OF BEGINNING and containing
11.39 acres of land, more or less.

TRACT 3:

BEING a tract of land
situated in the R. D. Price Survey, Abstract No. 1207, and the U. P. Martin
Survey, Abstract No. 1015, Tarrant County, Texas, and being a portion of Lot 4,
Block 1, of the Sabre Group Campus, an addition to the City of Southlake,
Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant County
Plat Records and being more particularly described by metes and bounds as
follows:

BEGINNING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the most northerly northeast corner
of said Lot 4, Block 1, of the Sabre Group Campus;

THENCE, South 01 degree
09 minutes 16 seconds East, along the east line of said Lot 4 a distance of
651.54 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE, North 89 degrees
56 minutes 04 seconds East, along a north line of said Lot 4 a distance of
333.16 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap in the
westerly right-of-way line of White Chapel Road (50 feet wide right-of-way);

THENCE, along the
westerly right-of-way of White Chapel Road, South 02 degrees 11 minutes 25
seconds East, a distance of 85.06 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the northeasterly corner of a tract of land as described in Special
Warranty Deed to the City of Southlake recorded in Volume 13679, Page 131, deed
Records of Tarrant County, Texas;

THENCE, South 89 degrees
56 minutes 04 seconds West, departing the westerly right-of-way line of said
White Chapel Road and along the northerly line of said City of Southlake tract,
a distance of 114.99 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the northwesterly corner of said City of Southlake tract;

THENCE, South 00 degrees
03 minutes 56 seconds East, along the westerly line of said City of Southlake
tract, a distance of 100.00 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the southwesterly corner of said City of Southlake tract;

THENCE, South 06 degrees
07 minutes 22 seconds West, a distance of 197.87 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap, said point being at the most northerly corner
of Lot 3, Block 1, of said Sabre Group Campus;

 

THENCE, along the
westerly line of said Lot 3, Block 1, the following;

South 50 degrees 28
minutes 49 seconds West a distance of 75.68 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 28 degrees 10
minutes 20 seconds West a distance of 120.67 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 06 degrees 00
minutes 11 seconds West a distance of 480.06 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 20 degrees 02
minutes 32 seconds West a distance of 298.60 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 01 degrees 53
minutes 07 seconds West a distance of 140.38 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 07 degrees 06
minutes 00 seconds East a distance of 492.52 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 67 degrees 13
minutes 45 seconds West a distance of 56.62 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap, said point being on the easterly right-of-way line of
Kirkwood Boulevard (a variable width private easement) as shown on said Sabre
Group Campus Addition Plat and being the beginning of a non-tangent curve to
the right;

THENCE, along the
easterly and northerly right-of-way line of said Kirkwood Boulevard, the
following:

Along said curve to the
right, with a central angle of 27 degrees 51 minutes 58 seconds, a radius of
946.50 feet, an arc distance of 460.34 feet, a long chord that bears North 08
degrees 06 minutes 54 seconds West, a distance of 455.81 feet to a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the end of said curve;

North 05 degrees 49
minutes 05 seconds East, a distance of 525.17 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left;

Along said curve to the
left with a central angle of 35 degrees 24 minutes 20 seconds, a radius of
2,053.50 feet, an arc distance of 1,268.95 feet, a long chord that bears North
11 degrees 53 minutes 05 seconds West, a distance of 1,248.85 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap at the beginning of a compound
curve to the left;

 

Along said curve to the
left, with a central angle of 62 degrees 04 minutes 19 seconds, a radius of
432.50 feet, an arc distance of 468.55 feet, a long chord that bears North 60
degrees 37 minutes 23 seconds West, a distance of 445.97 feet to a 5/8 inch iron
rod set with “Huitt-Zollars” cap at the end of said curve;

THENCE, North 00 degrees
26 minutes 56 seconds West, departing the northerly right-of-way line of
Kirkwood Boulevard a distance of 176.23 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap on a north line of said Lot 4, Block 1, Sabre Group Campus;

THENCE, North 89 degrees
33 minutes 04 seconds East, along the North line of said Lot 4 a distance of
708.61 feet to the POINT OF BEGINNING and CONTAINING 13.73 acres of land, more
or less.

TRACT 4:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and being a portion of Lot 4, Block A of the MTP-IBM Addition No. 1, an
addition to the City of Southlake, Tarrant County, Texas, as recorded in Volume
388/211, Page 68 and 69 of Tarrant County Plat Records and recorded in Volume
G, Page 208 of the Plat Records of Denton County, Texas, and being a portion of
Lot 4, Block 1, of the Sabre Group Campus, an addition to the City of
Southlake, Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant
County Plat Records and being more particularly described by metes and bounds
as follows:

COMMENCING at a
5/8 inch iron rod found with “Huitt-Zollars” cap at the most northerly
northeast corner of said Lot 4, Block 1, of the Sabre Group Campus;

THENCE, South
89 degrees 33 minutes 04 seconds West, along a north line of last mentioned Lot
4 a distance of 1,132.28 feet to a Corp of Engineers concrete monument found;

THENCE, South
89 degrees 50 minutes 38 seconds West, continuing along a north line of last
mentioned Lot 4 a distance of 384.54 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap at the POINT OF BEGINNING;

THENCE, South
00 degrees 08 minutes 38 seconds West, departing the north line of last
mentioned Lot 4 a distance of 589.25 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap;

THENCE, North
90 degrees 00 minutes 00 seconds West, a distance of 221.56 feet to a 5/8 inch
iron rod set with “Huitt-Zollars” cap on the platted easterly right-of-way line
of East T.W. King Road, a variable width right-of-way as established by said
MTP-IBM Addition No. 1;

THENCE, North
00 degrees 09 minutes 22 seconds West, departing the said northerly
right-of-way line of East T.W. King Road a distance of 588.63 feet to a 5/8
inch iron rod set with “Huitt-Zollars” cap on the north line of Lot 4, Block A,
of said MTP-IBM Addition;

 

THENCE, North
89 degrees 50 minutes 38 seconds East, along the north line of Lot 4, Block A
of said MTP-IBM Addition and the north line of said Lot 4, Block 1, of said
Sabre Group Campus a distance of 224.64 feet to the POINT OF
BEGINNING and CONTAINING 3.02
acres of land, more or less.

TRACT 5:

BEING a tract of land
situated in the W. Medlin Survey, Abstract No. 1958, and the U. P. Martin
Survey, Abstract No. 1015, Tarrant County, Texas, and the W. Medlin Survey,
Abstract No. 1588 Denton County, Texas, and being a portion of Lot 4, Block A
of the MTP-IBM Addition No. 1, an addition to the City of Southlake, Tarrant
County, Texas, as recorded in Volume 388/211, Page 68 and 69 of Tarrant County
Plat Records and recorded in Volume G, Page 208 of the Plat Records of Denton
County, Texas, and being more particularly described by metes and bounds as
follows:

BEGINNING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap on the platted easterly right-of-way
line of East T.W. King Road. a variable width right-of-way, as established by
said MTP-IBM Addition No. 1, said point being the Northwest corner of said Lot
4;

THENCE, along the
northerly line of said Lot 4 the following:

North 88 degrees 17
minutes 12 seconds East a distance of 80.85 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 00 degrees 12
minutes 32 seconds West, a distance of 220.18 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 31 degrees 05
minutes 05 seconds East, a distance of 50.00 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 63 seconds 57
minutes 48 seconds East, a distance of 359.25 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 89 degrees 47
minutes 28 seconds East, a distance of 79.66 feet to a 5/8 inch iron rod found
with cap;

South 00 degrees 12
minutes 32 seconds West, a distance of 43.43 feet to a 5/8 inch iron rod found;

North 89 degrees 42 minutes
23 seconds East, a distance of 479.25 feet to a Corps of Engineers concrete
monument found;

 

North 89 degrees 50
minutes 38 seconds East, a distance of 50.87 feet to a 5/8 inch iron rod set
with “Huitt-Zollars” cap;

THENCE, South 00 degrees
09 minutes 22 seconds East, departing the North line of Lot 4 a distance of
588.63 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap the easterly
right-of-way line of said East T.W. King Road, and being the beginning of a
non-tangent curve to the left;

THENCE, along the
easterly and northerly right-of-way line of East T.W. King Road the following:

Along said curve to the
left, with a central angle of 13 degrees 29 minutes 39 seconds, a radius of
610.00 feet, an arc distance of 143.67 feet, a long chord that bears North 11
degrees 25 minutes 03 seconds West, a distance of 143.33 feet a 5/8 inch iron
rod found with “Huitt-Zollars” cap; 

North 18 degrees 09
minutes 51 seconds West, a distance of 3.34 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left;

Along said curve to the
left, with a central angle of 54 degrees 27 minutes 17 seconds, a radius of
474.00 feet, an arc distance of 450.50 feet, a long chord that bears North 45
degrees 23 minutes 30 seconds West, a distance of 433.73 feet to a 5/8 inch
iron rod found with “Huitt-Zollars” cap;

North 72 degrees 37
minutes 08 seconds West, a distance of 404.43 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right;

Along said curve to the
right, with a central angle of 55 degrees 00 minutes 00 seconds, a radius of
406.00 feet, an arc distance of 389.73 feet, a long chord that bears North 45
degrees 07 minutes 08 seconds West, a distance of 374.94 feet to a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the beginning of a compound curve to
the right;

Along said curve to the
right, with a central angle of 08 degrees 58 minutes 48 seconds, a radius of
1,406.00 feet, an arc distance of 220.36 feet, a long chord that bears North 13
degrees 07 minutes 44 seconds West, a distance of 220.13 feet to the POINT OF
BEGINNING and CONTAINING 3.88 acres of land, more or less.

TRACT 6:

BEING 20.152 acres of
land situated in the W. MEDLIN SURVEY, ABSTRACT NO. 1958, and the U. P. MARTIN
SURVEY, ABSTRACT NO. 1015, Tarrant County, Texas and the 

W. MEDLIN SURVEY,
ABSTRACT NO. 1588, Denton County, Texas, and being part of LOT 1, BLOCK B,
MTP-IBM ADDITION NO. 1, an Addition to the City of Southlake, Tarrant and
Denton Counties, Texas, according to the Plats thereof recorded in Volume
388-211, Page 68, 69, Map Records, Tarrant County, Texas, and Volume G, Page
208, Map Records, Denton County, Texas, and being more particularly described
as follows:

COMMENCING at a cut cross
in concrete found at the most westerly, southwest corner of said Lot 1, Block
B;

THENCE North 00 degrees
08 minutes 56 seconds East, a distance of 32.40 feet along the West line of
said Lot 1, Block B, to a Texas Highway Department concrete monument found at
the intersection of the northeasterly right-of-way line of State Highway No.
114 (a variable width right-of-way) and the east right-of-way line of T.W. King
Road (a variable width right-of-way), the POINT OF BEGINNING of the herein
described tract of land;

THENCE along the easterly
right-of-way line of T. W. King Road and along the westerly line of said Lot 1,
Block B, the following:

North 00 degrees 08
minutes 56 seconds East, a distance of 551.44 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 00 degrees 09
minutes 31 seconds West, a distance of 101.34 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 17 degrees 45
minutes 59 seconds East, a distance of 14.31 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 11 degrees 45
minutes 51 seconds East, a distance of 35.89 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 21 degrees 31
minutes 41 seconds East, a distance of 36.00 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 50 degrees 38
minutes 00 seconds East, a distance of 10.80 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 46 degrees 50
minutes 55 seconds East, a distance of 26.59 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 61 degrees 02
minutes 18 seconds East, a distance of 29.53 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 67 degrees 27
minutes 19 seconds East, a distance of 20.28 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 60 degrees 08
minutes 24 seconds East, a distance of 109.47 feet to a P.K. nail set in
asphalt for a corner;

North 13 degrees 05
minutes 02 seconds East, a distance of 42.89 feet to a P.K. nail set in asphalt
on the platted southwesterly right-of-way line of East T. W. King Road (a
variable width right-of-way) and being the beginning of a non-tangent curve to
the left having a radius of 1,474.00, a central angle of 6 degrees 59 minutes
22 seconds and being subtended by a chord of 179.70 feet which bears South 14
degrees 07 minutes 26 seconds East;

THENCE along the platted
southwesterly right-of-way line of East T.W. King Road and along the
northeasterly line of said Lot 1, Block B the following:

Southeasterly along said
curve to the left, an arc distance of 179.81 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the point of compound curvature of a curve to the
left having a radius of 474.00, a central angle of 55 degrees 00 minutes 00
seconds and being subtended by a chord of 437.74 feet which bears South 45
degrees 07 minutes 08 seconds East;

Southeasterly along said
curve to the left, an arc distance of 455.01 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 72 degrees 37
minutes 08 seconds East, a distance of 404.43 feet to a cut cross found in
concrete at the beginning of a curve to the right having a radius of 406.00
feet, a central angle of 42 degrees 59 minutes 03 seconds, and being subtended
by a chord of 297.49 feet which bears South 51 degrees 07 minutes 37 seconds
East;

Southeasterly along said
curve to the right, an arc distance of 304.59 feet, to a 1/2-inch iron rod
found with “Huitt-Zollars” cap at the end of said curve;

South 29 degrees 38
minutes 05 seconds East, a distance of 1.84 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right having a
radius of 290.00 feet, a central angle of 27 degrees 12 minutes 45 seconds, and
being subtended by a chord of 136.44 feet which bears South 16 degrees 01
minutes 43 seconds East;

Southeasterly along said
curve to the right, an arc distance of 137.73 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 02 degrees 25
minutes 20 seconds East, a distance of 152.15 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right having a
radius of 45.00 feet, a central angle of 90 degrees 00 minutes 00 seconds,  and being subtended by a chord of 63.64 feet
which bears South 42 degrees 34 minutes 40 seconds West;

 

Southwesterly along said
curve to the right, an arc distance of 70.69 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve, on the platted northerly
right-of-way line of Kirkwood Boulevard (formerly Parkway Boulevard, a 131 foot
right-of-way);

THENCE along the
northerly right-of-way line of Kirkwood Boulevard, and along the southerly line
of said Lot 1, Block B, the following:

South 87 degrees 34
minutes 40 seconds West, a distance of 4.98 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left having a
radius of 1,550.50, a central angle of 24 degrees 19 minutes 16 seconds and
being subtended by a chord of 653.23 feet which bears South 75 degrees 25
minutes 02 seconds West;

Southwesterly along said
curve to the left, an arc distance of 658.16 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 63 degrees 15
minutes 25 seconds West, a distance of 73.69 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap in the northeasterly right-of-way line of State
Highway No. 114 as described in Deed to the State of Texas, recorded in Volume
9006, Page 961, Deed Records, Tarrant County, Texas, at the beginning of a
curve to the right having a radius of 90.00, a central angle of 80 degrees 12
minutes 10 seconds and being subtended by a chord of 115.95 feet which bears
North 76 degrees 38 minutes 30 seconds West;

THENCE along the
northeasterly right-of-way line of State Highway No. 114, and along the
southwesterly line of said Lot 1, Block B, the following:

Northwesterly along said
curve to the right, an arc distance of 125.98 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

North 36 degrees 32
minutes 25 seconds West, a distance of 104.25 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left, having a
radius of 974.93 feet, a central angle of 11 degrees 52 minutes 30 seconds, and
being subtended by a chord of 201.70 feet which bears North 42 degrees 28
minutes 40 seconds West,

Northwesterly along said
curve to the left, an arc distance of 202.06 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

THENCE, departing the
southwesterly line of said Lot 1, Block B, along the northeasterly right-of-way
line of State Highway No. 114 as described in Donation Deed to the State of
Texas, recorded in Volume 10474, Page 386, Deed Records, Tarrant County, Texas,
the following:

 

North 43 degrees 15
minutes 17 seconds West, a distance of 54.73 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right having a
radius of 1,412.39 feet, a central angle of 07 degrees 41 minutes 48 seconds,
and being subtended by a chord of 189.59 feet which bears North 41 degrees 14
minutes 50 seconds West;

Northwesterly along said
curve to the right, an arc distance of 189.73 feet, to the POINT OF BEGINNING,
and containing 20.152 acres of land, more or less.

TRACT 7:

Being a tract of land
situated in the C.M. Throop Survey, Abstract No. 1510, the W. Medlin Survey,
Abstract No. 1958, Tarrant County, Texas and being all of Tract IV as described
in deed to First Security Bank National Association as recorded in Volume
14008, Page 315, Deed Records, Tarrant County, Texas, and being all of Lot 1,
CM Throop No. 1510 Addition, an addition to the City of Southlake, Texas as
recorded in Cabinet A, Slide 4154 of the Plat Records of Tarrant County, Texas
and being more particularly described as follows:

BEGINNING at a  5/8 inch iron rod found with “Huitt-Zollars”
cap at the intersection of the platted westerly right-of-way line of  T.W. King Road and the northeasterly
right-of-way line of State Highway No. 114 (a variable width right-of-way); 

Thence along the
northeasterly right-of-way line of State Highway 114 (a variable width
right-of-way) the following:

South 53 degrees 27
minutes 45 seconds West, a distance of 25.19 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap from which a Texas Department of Transportation
concrete monument found bears North 44 degrees 30 minutes 24 seconds East, 0.52
feet;

North 36 degrees 32
minutes 15 seconds West, a distance of 156.32 feet to a Texas Department of
Transportation concrete monument found, at the beginning of a curve to the left
having a radius of 3839.72 feet, a central angle of 03 degrees 16 minutes 19
seconds and being subtended by a chord of 219.24 feet which bears North 38
degrees 10 minutes 25 seconds West;

Northwesterly along said
curve to the left, an arc distance of 219.27 feet to a Texas Department of
Transportation concrete monument found, at the end of said curve;

North 18 degrees 45
minutes 03 seconds West, a distance of 81.41 feet to a Texas Department of
Transportation concrete monument found, at the beginning of a non-tangent curve
to the left having a radius of 3869.72 feet, a central 

angle of 00 degrees 45
minutes 22 seconds and being subtended by a chord of 51.07 feet which bears
North 41 degrees 18 minutes 46 seconds West;

Northwesterly along said
curve to the left, an arc distance of 51.07 feet to a Texas Department of
Transportation concrete monument found at the end of said curve;

Thence, departing the
northeasterly right-of-way line of State Highway 114, and along the
northwesterly line of said Lot 1, North 53 degrees 29 minutes 00 seconds East,
a distance of 441.09 feet to 5/8 inch iron rod found with “Huitt-Zollars” cap
for a corner;

Thence, along the platted
westerly right-of-way line of TW King Road, the following;

South 03 degrees 07
minutes 00 seconds West, a distance of 3.55 feet, to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left having a
radius of 235.00 feet, a central angle of 35 degrees 35 minutes 41 seconds and
being subtended by a chord of 143.66 feet which bears South 17 degrees 56
minutes 46 seconds West;

Southwesterly along said
curve to the left an arc distance of 145.99 feet, to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 00 degrees 08
minutes 56 seconds West, a distance of 520.67 feet, to the POINT OF BEGINNING
and Containing 2.473 acres of land, more or less;

TRACT 8:

BEING 0.4043 of an acre
of land situated in the W. MEDLIN SURVEY, ABSTRACT NO. 1588, Denton County,
Texas, and being all of LOT 1, BLOCK A, MTP-IBM ADDITION NO. 1, an Addition to
the City of Southlake, Tarrant and Denton Counties, Texas, according to the
Plats thereof recorded in Volume 388-211, Page 68, 69, Map Records, Tarrant
County, Texas, and Volume G, Page 208, Map Records, Denton County, Texas, and
being more particularly described as follows:

BEGINNING at a 5/8 inch
iron rod with plastic cap stamped “Carter-Burgess” found for the northwest
corner of said Lot 1, Block A, said point being on the platted easterly
right-of-way line of East T.W. King Road (a variable width right-of-way);

THENCE South 89 degrees
47 minutes 28 seconds East, along the north line of said Lot 1, Block A, a
distance of 96.99 feet to a 5/8 inch iron rod in concrete with plastic cap
stamped “Carter-Burgess” found for the northeast corner of said Lot 1, Block A;

THENCE South 00 degrees
12 minutes 32 seconds West, along the east line of said Lot 1, Block A, a
distance of 192.67 feet to a 5/8 inch iron rod in concrete with plastic cap
stamped “Carter-Burgess” found for the southeast corner of said Lot 1, Block A;

THENCE North 79 degrees
24 minutes 28 seconds West, along the south line of said Lot 1, Block A, a
distance of 92.36 feet to a 5/8 inch iron rod with plastic cap stamped “Huitt-Zollars”
set for the southwest corner of said Lot 1, Block A, said point being on the
easterly right-of-way line of East T.W. King Road and also being the beginning
of a non-tangent curve to the right having a radius of 1406.00 feet, a central
angle of 7 degrees 10 minutes 56 seconds and being subtended by a chord of
176.13 feet which bears North 01 degrees 47 minutes 15 seconds West;

THENCE, northwesterly
along said curve to the right and along the easterly right-of-way line of said
East T.W. King Road, an arc distance of 176.25 feet to the point of beginning
and containing 0.4043 of an acre of land, more or less.

TRACT 9:

Being a 2.613 acre tract
of land situated in the W. Medlin Survey, Abstract No. 1558 the U. P. Martin
Survey, Abstract No. 1015, Tarrant County, Texas, and the W. Medlin Survey
Abstract No. 1588, Denton County, Texas, and being part of East T.W. King Road
(variable width right-of-way) dedicated by the Final Plat of the MTP-IBM
ADDITION NO.1, an addition to the City of Southlake, recorded in Volume
388-211, Page 66, Plat Records, Tarrant County, Texas and being that portion of
T.W. King Road abandoned by City of Southlake Ordinance No. 776 as recorded in
Volume 14903, Page 402, Deed Records, Tarrant County, Texas and being more
particularly described as follows:

COMMENCING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the southeast corner of Kirkwood
Boulevard (131 foot right-of-way) as dedicated by said MTP-IBM Addition No. 1
plat;

THENCE North 00 degrees
09 minutes 20 seconds West along the easterly right-of-way line of said
Kirkwood Boulevard, a distance of 131.53 feet to a 5/8 inch iron rod found with
“Huitt-Zollars” cap on the easterly right-of-way line of said T.W. King Road
and being the beginning of a non-tangent curve to the right which has a central
angle of 73 degrees 12 minutes 27 seconds, a radius of 10.00 feet, and a chord
which bears North 39 degrees 01 minutes 39 seconds West a distance of 11.93
feet;

THENCE along the easterly
right-of-way line of said T.W. King Road and along 

said curve to the right,
an arc distance of 12.78 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

THENCE North 02 degrees
25 minutes 20 seconds West, along the easterly right-of-way line of said T.W.
King Road, a distance of 35.00 feet to the POINT OF BEGINNING of the herein
described tract:

THENCE South 87 degrees
34 minutes 40 seconds West, crossing T.W. King Road a distance of 86.00 feet to
a 1/2 inch iron rod found with “Huitt-Zollars” cap on the westerly line of said
East T. W. King Road;

THENCE along the westerly
right-of-way line of said East T. W. King Road the following:

North 02 degrees 25
minutes 20 seconds West a distance of 152.15 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left which has a
central angle of 27 degrees 12 minutes 45 seconds, a radius of 290.00 feet, and
a chord which bears North 16 degrees 01 minutes 43 seconds West a distance of
136.44 feet;

Along said curve to the
left, an arc distance of 137.73 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

North 29 degrees, 38
minutes 05 seconds West a distance of 1.84 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at  the
beginning of a curve to the left which has a central angle of 42 degrees 59
minutes 03 seconds, a radius of 406.00 feet, and a chord which bears North 51
degrees 07 minutes 37 seconds West a distance of 297.49 feet;

Along said curve to the
left, an arc distance of 304.59 feet to a cut cross found in concrete at the
end of said curve:

North 72 degrees 37
minutes 08 seconds West a distance of 404.43 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 55 degrees 00 minutes 00 seconds, a radius of 474.00 feet, and
a chord which bears North 45 degrees 07 minutes 08 seconds West a distance of
437.74 feet.

Along said curve to the
right, an arc distance of 455.01 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap at the beginning of a compound curve to the right which has a central angle
of 05 degrees 42 minutes 18 seconds, a radius of 1,474.00 feet and a chord
which bears North 14 degrees 45 minutes 59 seconds West a distance of 146.70
feet;

Along said curve to the
right, an arc distance of 146.77 feet to a P.K. nail set in asphalt;

 

 

THENCE North 60 degrees
08 minutes 24 seconds East, departing the westerly right-of-way line of T.W.
King Road, a distance of 12.68 feet to a P.K. nail set in asphalt at the
beginning of a curve to the left which has a central angle of 68 degrees 49
minutes 10 seconds, a radius of 84.28 feet and a chord which bears North 25
degrees 43 minutes 49 seconds East a distance of 95.25 feet;

THENCE along said curve
to the left, an arc distance of 101.23 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve and being the beginning of a non-tangent curve to
the left which has a central angle of 08 degrees 56 minutes 22 seconds, a
radius of 1,406.00 feet and a chord which bears South 13 degrees 08 minutes 57
seconds East a distance of 219.14 feet, said point being on the easterly
right-of-way line of said T.W. King Road;

THENCE, along the
easterly right-of-way line of said T.W. King Road, the following;

Along said non-tangent
curve to the left, an arc distance of 219.36 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a compound curve to the left which
has a central angle of 55 degrees 00 minutes 00 seconds, a radius of 406.00
feet, and a chord which bears South 45 degrees 07 minutes 08 seconds East a
distance of 374.94 feet,

Along said curve to the
left, an arc distance of 389.73 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve;

South 72 degrees 37
minutes 08 seconds East a distance of 404.43 feet to a 5/8 inch iron rod found with
“Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 54 degrees 27 minutes 17 seconds, a radius of 474.00 feet, and
a chord which bears South 45 degrees 23 minutes 30 seconds East, a distance of
433.73 feet:

Along said curve to the
right, an arc distance of 450.50 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

South 18 degrees 09
minutes 51 seconds East a distance of 3.34 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 15 degrees 44 minutes 29 seconds, a radius of 610.00 feet, and
a chord which bears South 10 degrees 17 minutes 27 seconds East a distance of
167.06 feet;

Along said curve to the
right, an arc distance of 167.59 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

THENCE South 02 degrees
25 minutes 20 seconds East a distance of 60.63 feet to

 

the POINT OF BEGINNING
and containing 2.613 acres of land, more or less.

TRACT 10:

Being a 2.514 acre tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and being all of Kirkwood Boulevard (131 foot R.O.W.), dedicated as
Parkway Boulevard by the Final Plat of the MTP-IBM ADDITION NO.1, an addition
to the City of Southlake as recorded in Volume 388-211, Page 68, Plat Records,
Tarrant County, Texas and being that portion of Kirkwood Boulevard  abandoned by City of Southlake Ordinance No
777, recorded in Volume 14903, Page 403, Deed Records, Tarrant County, Texas
and being more particularly described as follows:

BEGINNING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the southeast corner of said
Kirkwood Boulevard;

THENCE along the
southerly right-of-way line of Kirkwood Boulevard, the following:

South 87 degrees 34
minutes 40 seconds West a distance of 137.89 feet to an “X” cut found in
concrete at the beginning of a curve to the left which has a central angle of
24 degrees 19 minutes 16 seconds, a radius of 1419.50 feet, and a chord which
bears South 75 degrees 25 minutes 02 seconds West  a distance of 598.04 feet;

Along said curve to the
left, an arc distance of 602.55 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve;

South 63 degrees 15
minutes 25 seconds West a distance of 32.25 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap the southwest corner of said Kirkwood Boulevard;

THENCE North 26 degrees
44 minutes 35 seconds West along the westerly line of said Kirkwood Boulevard,
a distance of 131.00 feet to a point at the northwest corner of said Kirkwood
Boulevard;

THENCE along the
northerly right-of-way line of said Kirkwood Boulevard the following:

North 63 degrees 15
minutes 25 seconds East a distance of 32.25 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 24 degrees 19 minutes 16 seconds, a radius of 1,550.50 feet,
and a chord which bears North 75 degrees 25 minutes 02 

seconds East a distance
of 653.23 feet;

Along said curve to the
right, an arc distance of 658.16 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve;

THENCE North 87 degrees
34 minutes 40 seconds East a distance of 4.98 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left which has a
central angle of 90 degrees 00 minutes 00 seconds, a radius of 45.00 feet, and
a chord which bears North 42 degrees 34 minutes 40 seconds East a distance of
63.64 feet;

Along said curve to the
left, an arc distance of 70.69 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap the end of said curve;

THENCE North 87 degrees
34 minutes 40 seconds East, a distance of 86.00 feet to a point for a corner;

THENCE South 02 degrees
25 minutes 20 seconds East a distance of 35.00 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap at the beginning of a curve to the left which
has a central angle of 73 degrees 12 minutes 27 seconds, a radius of 10.00
feet, and a chord which bears South 39 degrees 01 minutes 39 seconds East a
distance of 11.93 feet;

Along said curve to the
left an arc distance of 12.78 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap the end of said curve;

THENCE South 00 degrees
09 minutes 20 seconds East, a distance of 131.53 feet to the POINT OF BEGINNING
and containing or 2.514 acres of land, more or less.

TRACT 11:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and being a portion of Lot 4, Block A of the MTP-IBM Addition No. 1, an
addition to the City of Southlake, Tarrant County, Texas, as recorded in Volume
388/211, Page 68 and 69 of Tarrant County Plat Records and recorded in Volume
G, Page 208 of the Plat Records of Denton County, Texas, and being a portion of
Lot 4, Block 1, of the Sabre Group Campus, an addition to the City of
Southlake, Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant
County Plat Records and being more particularly described by metes and bounds
as follows:

COMMENCING at a
5/8 inch iron rod found with “Huitt-Zollars” cap at the most northerly
northeast corner of said Lot 4, Block 1, of the Sabre Group Campus addition;

 

THENCE, South
89 degree 33 minutes 04 seconds West, along a north line of last mentioned Lot
4 a distance of 708.61 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap
at the POINT OF BEGINNING;

THENCE, South
00 degrees 26 minutes 56 seconds East, departing the north line of last
mentioned Lot 4 a distance of 176.23 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap on the northerly line of Kirkwood Boulevard, a variable with Private and Emergency Access, Utility, and
Drainage Easement, as established by said Sabre Group Campus addition,
and being the beginning of a non-tangent curve to the left;

THENCE, along
the northerly line of Kirkwood Boulevard the following:

Along said curve to the left with a central angle of 49 degrees 02
minutes 18 seconds, a radius of 432.50 feet, an arc distance of 370.16 feet, a
long chord that bears South 63 degrees 49 minutes 21 seconds West, a distance
of 358.97 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the end
of said curve;

South 39 degrees 18 minutes 13 seconds West, a distance of 365.12 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of a
curve to the right;

Along said curve to the right, with a central angle of 48 degrees 16
minutes 27 seconds, a radius of 298.50 feet, an arc distance of 251.50 feet, a
long chord that bears South 63 degrees 26 minutes 27 seconds West, a distance
of 244.13 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the end
of said curve;

South 87 degrees 34 minutes 40 seconds West, a distance of 247.97 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the easterly line of
said MTP-IBM Addition;

THENCE, North
00 degrees 09 minutes 22 seconds West, along the easterly line of said MTP-IBM
Addition a distance of 14.45 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap on the platted northerly right-of-way line of Kirkwood Boulevard and being
the beginning of a non-tangent curve to the right;

THENCE, along
said curve to the right, with a central angle of 73 degrees 12 minutes 27
seconds, a radius of 10.00 feet, an arc distance of 12.78 feet, a long chord
that bears North 39 degrees 01 minutes 39 seconds West, a distance of 11.93
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the easterly
right-of-way line of East T.W. King Road (a variable width right-of-way);

THENCE, along
the easterly right-of-way line of said East T.W. King Road as follows:

North 02 degrees 25 minutes 20 seconds West, a distance of 95.63 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap the beginning of a curve
to the left;

Along said curve to the left, with a central angle of 02 degrees 14
minutes 52 seconds, a radius of 610.00 feet, an arc distance of 23.93 feet, a
long chord that bears North 03 

degrees 32 minutes 34 seconds West, a distance of 23.93 feet a 5/8 inch
iron rod set with “Huitt-Zollars” cap;

THENCE, North
90 degrees 00 minutes 00 seconds East, a distance of 221.56 feet to a 5/8 inch
iron rod set with “Huitt-Zollars” cap;

THENCE, North
00 degrees 08 minutes 38 seconds East, a distance of 589.25 feet to a 5/8 inch
iron rod set with “Huitt-Zollars” cap on the north line of said Lot 4, Block 1,
of said Sabre Group Campus addition;

THENCE, North
89 degrees 50 minutes 38 seconds East, along the north line of last mentioned
Lot 4,  a distance of 384.54 feet to a
Corp of Engineers concrete monument;

THENCE, North
89 degrees 33 minutes 04 seconds East, continuing along the north line of last
mentioned Lot 4,  a distance of 423.67
feet to the POINT OF BEGINNING and CONTAINING 8.95 acres of land, more or less.

TRACT 12:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant County, Texas as recorded in Cabinet A, Page
7212 of Tarrant County Plat Records and being more particularly described by
metes and bounds as follows:

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE South 00 degrees 09 minutes 58 seconds East, departing the
southeast corner of said MTP-IBM Addition No. 1, a distance of 26.89 feet to a
5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 86 degrees 48 minutes 38 seconds East a distance of 249.80
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 02 degrees 01 minutes 47 seconds West a distance of 19.20
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 81 degrees 13 minutes 05 seconds East a distance of 68.46
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 30 minutes 21 seconds East a distance of 117.23
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 67 degrees 59 minutes 47 seconds West a distance of 70.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 21 degrees 59 minutes 34 seconds East a distance of 350.46
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 00 minutes 26 seconds East a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 22 degrees 52 minutes 05 seconds East a distance of 7.15
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 07 degrees 12 minutes 29 seconds East a distance of 203.67
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 87 degrees 46 minutes 56 seconds East a distance of 190.18
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 59 degrees 01 minutes 33 seconds East a distance of 31.03
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 57.08
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 56.41
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 05 degrees 12 minutes 40 seconds East a distance of 365.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 84 degrees 27 minutes 09 seconds East a distance of 326.16
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the westerly line
of said Kirkwood Boulevard, and being the beginning of a non-tangent curve to
the right;

THENCE,
along
the westerly line of Kirkwood Boulevard andalong said
curve to the right with a central angle of 11 degrees 49 minutes 28 seconds, a
radius of 1,946.50 feet, an arc distance of 407.71 feet a long chord that bears
South 00 degrees 05 minutes 39 seconds East, a distance of 401.00 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

THENCE, South
05 degrees 49 minutes 05 seconds West continuing along the said westerly line
of Kirkwood Boulevard a distance of 143.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 86
degrees 20 minutes 23 seconds West departing the westerly line of Kirkwood
Boulevard a distance of 423.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 10 degrees 05
minutes 54 seconds East a distance of 129.53 feet to the POINT OF
BEGINNING and CONTAINING 4.34
acres of land, more or less.

TRACT 13:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant County, Texas as recorded in Cabinet A, Page
7212 of Tarrant County Plat Records and being more particularly described by metes
and bounds as follows:

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a point for corner;

THENCE South 22 degrees 30 minutes 21 seconds East departing the common
line between said Lot 1 and 2, a distance of 119.26 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 29.83
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 67 degrees 40 minutes 35 seconds
West a distance of 27.59 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap;

THENCE South 23 degrees 06 minutes 58 seconds East a distance of 99.27
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 66 degrees 11 minutes 22 seconds East a distance of 9.28
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 23 degrees 01 minutes 33 seconds East a distance of 180.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 14 degrees 27 minutes 29 seconds East a distance of 61.57
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 64 degrees 21 minutes 35 seconds East a distance of 30.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 85 degrees 40 minutes 49 seconds East a distance of 38.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 40 degrees 13 minutes 06 seconds East a distance of 35.21
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 03 degrees 49 minutes 30 seconds West a distance of 53.96
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE North 22 degrees 52 minutes 05 seconds West a distance of 7.15
feet to a 5/8 inch iron rod set with “Huitt-Zollars”;

THENCE South 68 degrees 00 minutes 26 seconds West a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North
21 degrees 59 minutes 34 seconds West a distance of 350.46 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap;

THENCE, North 67 degrees 59
minutes 47 seconds East a distance of 70.78 feet to the POINT OF
BEGINNING and CONTAINING 0.63
acres of land, more or less.

 

 

LAND DESCRIPTION

HEADQUARTERS TRACT

BEING a tract of land situated in the U.P. Martin Survey, Abstract No.
1015, City of Southlake, Tarrant County, Texas and being a portion of Lot 1,
Block 1, of the Sabre Group Campus, an addition to the City of Southlake as
recorded in Cabinet A, Page 7212 of the Plat Records Tarrant County, Texas and
being more particularly described as follows;

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap at the POINT OF
BEGINNING;

Continuing
along said curve to the left through a central angle of 34 degrees 47 minutes
56 seconds, having a radius of 401.50 feet, an arc length of 243.85 feet, being
subtended by a chord of North 60 degrees 59 minutes 03 seconds East a distance
of 240.12 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap;

North
43 degrees 35 minutes 05 seconds East a distance of 352.12 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the right;

Along
a curve to the right through a central angle of 109 degrees 51 minutes 56
seconds, having a radius of 367.50 feet, an arc length of 704.69 feet, being
subtended by a chord of South 81 degrees 28 minutes 57 seconds East a distance
of 601.58 feet to a 5/8
inch 

iron rod found with “Huitt-Zollars” cap at the beginning of a
compound curve to the right;

Along
a curve to the right through a central angle of 32 degrees 22 minutes 04
seconds, having a radius of 1,946.50 feet and an arc length of 1,099.63 feet,
being subtended by a chord of South 10 degrees 21 minutes 57 seconds East a
distance of 1,085.06 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap;

South
05 degrees 49 minutes 05 seconds West a distance of 143.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
departing the common line of said Lot 1 and Lot 2, North 86 degrees 20 minutes
23 seconds West a distance of 423.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 10 degrees 05 minutes 54 seconds East a distance of 129.53 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 83 degrees 24 minutes 34 seconds West a distance of 57.08 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
North 59 degrees 01 minutes 33 seconds West a distance of 31.03 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
;

THENCE,
South 87 degrees 46 minutes 56 seconds West a distance of 190.18 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
North 07 degrees 12 minutes 29 seconds West a distance of 203.67 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
North 22 degrees 52 minutes 05 seconds West a distance of 7.15 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
South 68 degrees 00 minutes 26 seconds West a distance of 147.50 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 21 degrees 59 minutes 34 seconds West a distance of 350.46 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 67 degrees 59 minutes 47 seconds East a distance of 70.78 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 22 degrees 16 minutes 15 seconds West a distance of 235.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
South 68 degrees 32 minutes 17 seconds West a distance of 203.72 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

THENCE,
North 22 degrees 30 minutes 21 seconds West a distance of 119.26 feet to the POINT OF BEGINNING and containing 25.02 acres of land, more or less.

SAVE AND EXCEPT THE
FOLLOWING:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant County, Texas as recorded in Cabinet A, Page
7212 of Tarrant County Plat Records and being more particularly described by
metes and bounds as follows:

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a point for corner;

THENCE South 22 degrees 30 minutes 21 seconds East departing the common
line between said Lot 1 and 2, a distance of 119.26 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 29.83
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 67 degrees 40 minutes 35 seconds West a distance of 27.59
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 23 degrees 06 minutes 58 seconds East a distance of 99.27
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

THENCE North 66 degrees 11 minutes 22 seconds East a distance of 9.28
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 23 degrees 01 minutes 33 seconds East a distance of 180.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 14 degrees 27 minutes 29 seconds East a distance of 61.57
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 64 degrees 21 minutes 35 seconds East a distance of 30.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 85 degrees 40 minutes 49 seconds East a distance of 38.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 40 degrees 13 minutes 06 seconds East a distance of 35.21
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 03 degrees 49 minutes 30 seconds West a distance of 53.96
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE North 22 degrees 52 minutes 05 seconds West a distance of 7.15
feet to a 5/8 inch iron rod set with “Huitt-Zollars”;

THENCE South 68 degrees 00 minutes 26 seconds West a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North
21 degrees 59 minutes 34 seconds West a distance of 350.46 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap;

THENCE, North 67 degrees 59
minutes 47 seconds East a distance of 70.78 feet to the POINT OF
BEGINNING and CONTAINING 0.63
acres of land, more or less.

AND SAVE AND EXCEPT THE FOLLOWING:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant County, Texas as recorded in Cabinet A, Page
7212 of Tarrant County Plat Records and being more particularly described by
metes and bounds as follows:

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

 

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a point for corner;

THENCE South 22 degrees 30 minutes 21 seconds East departing the common
line between said Lot 1 and 2, a distance of 119.26 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 67 degrees 59 minutes 47 seconds West a distance of 70.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 21 degrees 59 minutes 34 seconds East a distance of 350.46
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 00 minutes 26 seconds East a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 22 degrees 52 minutes 05 seconds East a distance of 7.15
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 07 degrees 12 minutes 29 seconds East a distance of 203.67
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 87 degrees 46 minutes 56 seconds East a distance of 190.18
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 59 degrees 01 minutes 33 seconds East a distance of 31.03
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 57.08
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 56.41
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

THENCE North 05 degrees 12 minutes 40 seconds East a distance of 365.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 84 degrees 27 minutes 09 seconds East a distance of 326.16
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the westerly line
of said Kirkwood Boulevard, and being the beginning of a non-tangent curve to
the right;

THENCE,
along
the westerly line of Kirkwood Boulevard andalong said
curve to the right with a central angle of 11 degrees 49 minutes 28 seconds, a
radius of 1,946.50 feet, an arc distance of 407.71 feet a long chord that bears
South 00 degrees 05 minutes 39 seconds East, a distance of 401.00 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE, South
05 degrees 49 minutes 05 seconds West continuing along the said westerly line
of Kirkwood Boulevard a distance of 143.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 86
degrees 20 minutes 23 seconds West departing the westerly line of Kirkwood Boulevard
a distance of 423.57 feet to a 5/8
inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 10 degrees 05
minutes 54 seconds East a distance of 129.53 feet to the POINT OF
BEGINNING and CONTAINING 4.34
acres of land, more or less.

 

EXHIBIT
B

DESCRIPTION
OF CONVEYED PARCEL

TRACT 1:

BEING a tract
of land situated in the J. B. Martin Survey, Abstract No.1134, the T. W. Mann
Survey, Abstract No. 1107,  and the U. P.
Martin Survey, Abstract No. 1015, Tarrant County, Texas, and the W. Medlin
Survey, Abstract No. 1588 Denton County, Texas, and being a portion of Lot 1,
Block 1, of the Sabre Group Campus, an addition to the City of Southlake,
Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant County
Plat Records and being more particularly described by metes and bounds as
follows:

BEGINNING at a
5/8 inch iron rod found with “Huitt-Zollars” cap on the southerly platted
right-of-way line of Kirkwood Boulevard (formerly Parkway Boulevard) 131 foot
right-of-way, said iron rod being at the most southerly southwest corner of
MTP-IBM Addition No. 1, an addition to the City of Southlake, Tarrant County,
Texas, as recorded in Volume 388/211, Page 68 and 69 of Tarrant County Plat
Records and recorded in Volume G, Page 208 of the Plat Records of Denton
County, Texas

THENCE along
the southerly right-of-way line of said Kirkwood Boulevard as follows:

North 63 degrees 15 minutes 25 seconds East, a distance of 32.25 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of a
curve to the right;

Along said curve to the right with a central angle of 24 degrees 19
minutes 16 seconds, a radius of 1,419.50 feet, an arc distance of 602.55 feet a
long chord that bears North 75 degrees 25 minutes 02 seconds East, a distance
of 598.04 feet to an X cut found;

North 87 degrees 34 minutes 40 seconds East, a distance of 137.89 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the southeast corner
of said MTP-IBM Addition No. 1;

THENCE North 00 degrees 09 minutes 22 seconds West, along an east line
of said MTP-IBM Addition No. 1, a distance of 14.01 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap on the south right-of-way line of Kirkwood
Boulevard as established by said Sabre Group Campus addition;

THENCE North 87 degrees 34 minutes 40 seconds East along the south
right-of-way line of said Kirkwood Boulevard a distance of 252.04 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap at the beginning of a curve to the
left;

THENCE continuing along the south right-of-way line of Kirkwood Boulevard
and along said curve to the left through a central angle of 09 degrees 11
minutes 39 seconds, a radius of 401.50 

feet, an arc distance of 64.43 feet, being
subtended by a chord bearing North 82 degrees 58 minutes 51 seconds East a
distance of 64.36 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE departing the south right-of-way line of Kirkwood Boulevard,
South 22 degrees 30 minutes 21 seconds East a distance of 119.26 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 67 degrees 59 minutes 47 seconds West a distance of 70.78
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 21 degrees 59 minutes 34 seconds East a distance of 350.46
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE North 68 degrees 00 minutes 26 seconds East a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 22 degrees 52 minutes 05 seconds East a distance of 7.15
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 07 degrees 12 minutes 29 seconds East a distance of 203.67
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 87 degrees 46 minutes 56 seconds East a distance of 190.18
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 59 degrees 01 minutes 33 seconds East a distance of 31.03
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 57.08
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 10 degrees 05 minutes 54 seconds West a distance of 129.53
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 86 degrees 20 minutes 23 seconds East a distance of 423.57
feet to a point for corner on the westerly line of Kirkwood Boulevard, a
variable width Private and Emergency Access, Utility, and Drainage Easement,
recorded in Cabinet A, Page 7214 of the Plat Records of Tarrant County, Texas;

THENCE South 05 degrees 49 minutes 05 seconds West along the westerly
line of Kirkwood Boulevard a distance of 381.60 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap at the beginning of a curve to the left;

THENCE,
continuing
along the westerly line of Kirkwood Boulevard andalong
said curve to the left with a central angle of 40 degrees 55 minutes 16
seconds, a radius of 1,053.50 feet, an arc distance of 752.42 feet a long chord
that bears South 14 degrees 38 minutes 33 seconds East, a distance of 736.53
feet to a 5/8 inch iron rod set
with “Huitt-Zollars” cap;

THENCE, South
35 degrees 06 minutes 11 seconds East continuing along the westerly line of
Kirkwood Boulevard a distance of 268.48 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap on the
northerly line of Kirkwood Hollow Phase I, an addition to the City of Southlake
as recorded in Cabinet A, Page 4537 of the Tarrant County Plat Records;

THENCE, South 56
degrees 24 minutes 01 seconds West along the platted northwesterly line of said
Kirkwood Hollow Phase I and an extension thereof a distance of 92.10 feet to
point for corner in the centerline of South Fork Kirkwood Branch;

THENCE, generally
along the centerline of said branch the following courses and distances:

South 17 degrees 28
minutes 39 seconds West a distance of 13.61 feet to a point for corner;

South 40 degrees 25
minutes 34 seconds West a distance of 38.10 feet to a point for corner;

South 26 degrees 58
minutes 38 seconds West a distance of 25.77 feet to a point for corner;

South 02 degrees 00
minutes 59 seconds West a distance of 29.72 feet to a point for corner;

South 69 degrees 47
minutes 31 seconds West a distance of 22.44 feet to a point for corner;

South 84 degrees 36
minutes 18 seconds West a distance of 26.95 feet to a point for corner;

South 53 degrees 15
minutes 40 seconds West a distance of 22.56 feet to a point for corner;

South 25 degrees 06
minutes 35 seconds West a distance of 37.90 feet to a point for corner;

South 07 degrees 01
minutes 26 seconds East a distance of 29.93 feet to a point for corner;

 

South 00 degrees 53
minutes 14 seconds East a distance of 31.56 feet to a point for corner;

South 19 degrees 28
minutes 57 seconds West a distance of 14.92 feet to a point for corner;

South 59 degrees 39
minutes 56 seconds West a distance of 33.26 feet to a point for corner;

North 65 degrees 23
minutes 25 seconds West a distance of 50.64 feet to a point for corner;

South 76 degrees 18
minutes 39 seconds West a distance of 54.62 feet to a point for corner;

North 39 degrees 23
minutes 55 seconds West a distance of 28.52 feet to a point for corner;

North 80 degrees 25
minutes 36 seconds West a distance of 16.87 feet to a point for corner;

North 76 degrees 53
minutes 30 seconds West a distance of 38.04 feet to a point for corner;

North 43 degrees 26 minutes
30 seconds East a distance of 16.71 feet to a point for corner;

North 62 degrees 48
minutes 05 seconds East a distance of 25.48 feet to a point for corner;

North 03 degrees 15
minutes 56 seconds West a distance of 20.42 feet to a point for corner;

North 47 degrees 33
minutes 51 seconds West a distance of 25.63 feet to a point for corner;

North 57 degrees 28
minutes 08 seconds West a distance of 26.66 feet to a point for corner;

South 70 degrees 01
minute 26 seconds West a distance of 18.54 feet to a point for corner;

South 37 degrees 59
minutes 12 seconds West a distance of 30.91 feet to a point for corner;

 

South 09 degrees 24
minutes 11 seconds West a distance of 8.82 feet to a point for corner;

South 51 degrees 22
minutes 17 seconds West a distance of 41.55 feet to a point for corner;

South 32 degrees 44
minutes 12 seconds West a distance of 23.43 feet to a point for corner;

South 53 degrees 10
minutes 04 seconds West a distance of 44.67 feet to a point for corner;

South 66 degrees 26
minutes 53 seconds West a distance of 31.90 feet to a point for corner;

South 45 degrees 09
minutes 44 seconds East a distance of 17.42 feet to a point for corner;

South 76 degrees 54
minutes 57 seconds East a distance of 36.92 feet to a point for corner;

South 20 degrees 45
minutes 22 seconds West a distance of 40.45 feet to a point for corner;

South 30 degrees 23
minutes 01 second West a distance of 72.88 feet to a point for corner;

South 53 degrees 13
minutes 24 seconds West a distance of 99.78 feet to a point for corner;

South 62 degrees 06
minutes 48 seconds West a distance of 87.11 feet to a point for corner;

South 58 degrees 29
minutes 32 seconds West a distance of 51.51 feet to a point for corner;

North 85 degrees 07
minutes 51 seconds West a distance of 53.55 feet to a point for corner;

South 76 degrees 52
minutes 54 seconds West a distance of 38.97 feet to a point for corner;

North 67 degrees 16
minutes 38 seconds West a distance of 56.75 feet to a point for corner;

 

South 55 degrees 38
minutes 19 seconds West a distance of 11.38 feet to a point for corner on the
easterly right-of-way line of State Highway No. 114;

THENCE, along the easterly
right-of-way line of State Highway No. 114 as follows:

North 36 degrees 32 minutes 05 seconds West a distance
of 147.32 feet to a Texas Highway Department concrete monument, found;

North 47 degrees 50 minutes 42 seconds West, a
distance of 101.98 feet to a Texas Highway Department concrete monument, found;

North 36 degrees 32 minutes 04 seconds West, a
distance of 500.00 feet to a Texas Highway Department concrete monument, found;

North 32 degrees 14 minutes 44 seconds West, a
distance of 200.56 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 36 degrees 32 minutes 05 seconds West, a
distance of 199.81 feet to a Texas Highway Department concrete monument found;

North 42 degrees 14 minutes 23 seconds West, a
distance of 201.18 feet to a Texas Highway Department concrete monument, found;

North 36 degrees 32 minutes 05 seconds West, a
distance of 702.91 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 18 degrees 59 minutes 38 seconds West, a
distance of 112.97 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 32 degrees 06 minutes 29 seconds West, a
distance of 430.57 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 29 degrees 36 minutes 27 seconds West, a
distance of 232.63 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a curve to the left;

Along said curve to the left, with a central angle of
06 degrees 26 minutes 28 seconds, a radius of 1,452.40 feet, an arc distance of
163.28 feet, a long chord that bears North 32 degrees 49 minutes 41 seconds
West, a distance of 163.19 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the beginning of a reverse curve to the right;

Along said curve to the right, with a central angle of
99 degrees 18 minutes 20 seconds, a radius of 90.00 feet, an arc distance of
155.99 feet, a long chord that bears North 13 degrees 36 minutes 16 seconds East,
a distance of 137.18 feet to the POINT OF BEGINNING and
CONTAINING 84.62 acres of land, more or
less.

TRACT 2:

Being a tract of land situated in the U.P.
Martin Survey, Abstract No. 1015 and the W. Medlin Survey, Abstract No. 1958,
City of Southlake, Tarrant County, Texas and being a portion of Lot 2, Block 1,
(Kirkwood Boulevard) of the Sabre Group Campus, an addition to the City of
Southlake as recorded in Cabinet A, Page 7212 of the Plat Records Tarrant
County, Texas and being more particularly described as follows;

BEGINNING at a 5/8 inch iron rod found with “Huitt-Zollars” cap at the most
southwesterly corner of said Lot 2, Block 1;

THENCE along the northerly, easterly, westerly and southerly lines of
said Lot 2, Block 1, the following;

North 00 degrees 09 minutes 22 seconds West a distance of 103.08
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 87 degrees 34 minutes 40 seconds East a distance of 247.97
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the left;

Along said curve to the left, with a central angle of 48 degrees
16 minutes 27 seconds, a radius of 298.50 feet, an arc length of 251.50 feet,
being subtended by a chord of North 63 degrees 26 minutes 27 seconds East a
distance of 244.13 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 39 degrees 18 minutes 13 seconds East a distance of 365.12
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the right;

Along said curve to the right, with a central angle of 111 degrees
06 minutes 37 seconds, a radius of 432.50 feet, an arc length of 838.71 feet,
being subtended by a chord of South 85 degrees 08 minutes 31 seconds East a
distance of 713.33 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a compound curve to the right;

Along said curve to the right, with a central angle of 35 degrees
24 minutes 20 seconds, a radius of 2,053.50 feet, an arc length of 1,268.95
feet, being subtended by a chord of South 11 degrees 53 minutes 00 seconds East
a distance of 1,248.85 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap;

South 05 degrees 49 minutes 05 seconds West a distance of 525.17
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the left;

Along a curve to the left, with a central angle of 27 degrees 51
minutes 58 seconds, a radius of 946.50 feet, an arc length of 460.34 feet,
being subtended by a chord of South 08 degrees 06 minutes 54 seconds East a
distance of 455.81 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a non-tangent curve to the left;

Along a curve to the left, with a central angle of 13 degrees 03
minutes 23 seconds, a radius of 946.50 feet, an arc length of 215.69 feet,
being subtended by a chord of South 28 degrees 22 minutes 52 seconds East a
distance of 215.22 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

South 35 degrees 06 minutes 11 seconds East a distance of 271.33
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

South 56 degrees 24 minutes 01 second West a distance of 106.31
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

North 35 degrees 06 minutes 11 seconds West a distance of 268.48
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the beginning of a
curve to the right;

Along a curve to the right, with a central angle of 40 degrees 55
minutes 16 seconds, a radius of 1,053.50 feet, an arc length of 752.42 feet,
being subtended by a chord of North 14 degrees 38 minutes 33 seconds West a
distance of 736.53 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

North 05 degrees 49 minutes 05 seconds East a distance of 525.17
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the left;

Along a curve to the left, with a central angle of 32 degrees 22
minutes 04 seconds, a radius of 1,946.50 feet, an arc length of 1099.63 feet,
being subtended by a chord of North 10 degrees 21 minutes 57 seconds West a
distance of 1085.06 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the beginning of a compound curve to the left;

Along a curve to the left, with a central angle of 109 degrees 51
minutes 56 seconds, a radius of 367.50 feet, an arc length of 704.69 feet,
being subtended by a chord of North 81 degrees 28 minutes 57 seconds West a
distance of 601.58 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

South 43 degrees 35 minutes 05 seconds West a distance of 352.12
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of
a curve to the right;

Along a curve to the right, with a central angle of 43 degrees 59
minutes 35 seconds, a radius of 401.50 feet, an arc length of 308.28 feet,
being subtended by a chord of South 65 degrees 34 minutes 52 seconds West a
distance of 300.76 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

South 87 degrees 34 minutes 40 seconds West a distance of 252.04
feet to the POINT OF BEGINNING and containing
11.39 acres of land, more or less.

TRACT 3:

 

BEING a tract of land
situated in the R. D. Price Survey, Abstract No. 1207, and the U. P. Martin
Survey, Abstract No. 1015, Tarrant County, Texas, and being a portion of Lot 4,
Block 1, of the Sabre Group Campus, an addition to the City of Southlake,
Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant County
Plat Records and being more particularly described by metes and bounds as
follows:

BEGINNING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the most northerly northeast corner
of said Lot 4, Block 1, of the Sabre Group Campus;

THENCE, South 01 degree
09 minutes 16 seconds East, along the east line of said Lot 4 a distance of
651.54 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE, North 89 degrees
56 minutes 04 seconds East, along a north line of said Lot 4 a distance of
333.16 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap in the
westerly right-of-way line of White Chapel Road (50 feet wide right-of-way);

THENCE, along the
westerly right-of-way of White Chapel Road, South 02 degrees 11 minutes 25
seconds East, a distance of 85.06 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the northeasterly corner of a tract of land as described in Special
Warranty Deed to the City of Southlake recorded in Volume 13679, Page 131, deed
Records of Tarrant County, Texas;

THENCE, South 89 degrees
56 minutes 04 seconds West, departing the westerly right-of-way line of said
White Chapel Road and along the northerly line of said City of Southlake tract,
a distance of 114.99 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
at the northwesterly corner of said City of Southlake tract;

THENCE, South 00 degrees
03 minutes 56 seconds East, along the westerly line of said City of Southlake
tract, a distance of 100.00 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the southwesterly corner of said City of Southlake tract;

THENCE, South 06 degrees
07 minutes 22 seconds West, a distance of 197.87 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap, said point being at the most northerly corner
of Lot 3, Block 1, of said Sabre Group Campus;

THENCE, along the
westerly line of said Lot 3, Block 1, the following;

South 50 degrees 28
minutes 49 seconds West a distance of 75.68 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 28 degrees 10
minutes 20 seconds West a distance of 120.67 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 06 degrees 00
minutes 11 seconds West a distance of 480.06 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

 

South 20 degrees 02
minutes 32 seconds West a distance of 298.60 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 01 degrees 53
minutes 07 seconds West a distance of 140.38 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 07 degrees 06
minutes 00 seconds East a distance of 492.52 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 67 degrees 13
minutes 45 seconds West a distance of 56.62 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap, said point being on the easterly right-of-way line of
Kirkwood Boulevard (a variable width private easement) as shown on said Sabre
Group Campus Addition Plat and being the beginning of a non-tangent curve to
the right;

THENCE, along the
easterly and northerly right-of-way line of said Kirkwood Boulevard, the
following:

Along said curve to the
right, with a central angle of 27 degrees 51 minutes 58 seconds, a radius of
946.50 feet, an arc distance of 460.34 feet, a long chord that bears North 08
degrees 06 minutes 54 seconds West, a distance of 455.81 feet to a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the end of said curve;

North 05 degrees 49
minutes 05 seconds East, a distance of 525.17 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left;

Along said curve to the
left with a central angle of 35 degrees 24 minutes 20 seconds, a radius of
2,053.50 feet, an arc distance of 1,268.95 feet, a long chord that bears North
11 degrees 53 minutes 05 seconds West, a distance of 1,248.85 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap at the beginning of a compound
curve to the left;

Along said curve to the
left, with a central angle of 62 degrees 04 minutes 19 seconds, a radius of 432.50
feet, an arc distance of 468.55 feet, a long chord that bears North 60 degrees
37 minutes 23 seconds West, a distance of 445.97 feet to a 5/8 inch iron rod
set with “Huitt-Zollars” cap at the end of said curve;

THENCE, North 00 degrees
26 minutes 56 seconds West, departing the northerly right-of-way line of
Kirkwood Boulevard a distance of 176.23 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap on a north line of said Lot 4, Block 1, Sabre Group Campus;

THENCE, North 89 degrees
33 minutes 04 seconds East, along the North line of said Lot 4 a distance of
708.61 feet to the POINT OF BEGINNING and CONTAINING 13.73 acres of land, more
or less.

TRACT 4:

 

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and being a portion of Lot 4, Block A of the MTP-IBM Addition No. 1, an
addition to the City of Southlake, Tarrant County, Texas, as recorded in Volume
388/211, Page 68 and 69 of Tarrant County Plat Records and recorded in Volume
G, Page 208 of the Plat Records of Denton County, Texas, and being a portion of
Lot 4, Block 1, of the Sabre Group Campus, an addition to the City of
Southlake, Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant
County Plat Records and being more particularly described by metes and bounds
as follows:

COMMENCING at a
5/8 inch iron rod found with “Huitt-Zollars” cap at the most northerly
northeast corner of said Lot 4, Block 1, of the Sabre Group Campus;

THENCE, South
89 degrees 33 minutes 04 seconds West, along a north line of last mentioned Lot
4 a distance of 1,132.28 feet to a Corp of Engineers concrete monument found;

THENCE, South
89 degrees 50 minutes 38 seconds West, continuing along a north line of last
mentioned Lot 4 a distance of 384.54 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap at the POINT OF BEGINNING;

THENCE, South
00 degrees 08 minutes 38 seconds West, departing the north line of last
mentioned Lot 4 a distance of 589.25 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap;

THENCE, North
90 degrees 00 minutes 00 seconds West, a distance of 221.56 feet to a 5/8 inch
iron rod set with “Huitt-Zollars” cap on the platted easterly right-of-way line
of East T.W. King Road, a variable width right-of-way as established by said
MTP-IBM Addition No. 1;

THENCE, North
00 degrees 09 minutes 22 seconds West, departing the said northerly
right-of-way line of East T.W. King Road a distance of 588.63 feet to a 5/8
inch iron rod set with “Huitt-Zollars” cap on the north line of Lot 4, Block A,
of said MTP-IBM Addition;

THENCE, North
89 degrees 50 minutes 38 seconds East, along the north line of Lot 4, Block A
of said MTP-IBM Addition and the north line of said Lot 4, Block 1, of said
Sabre Group Campus a distance of 224.64 feet to the POINT OF
BEGINNING and CONTAINING 3.02
acres of land, more or less.

TRACT 5:

BEING a tract of land
situated in the W. Medlin Survey, Abstract No. 1958, and the U. P. Martin
Survey, Abstract No. 1015, Tarrant County, Texas, and the W. Medlin Survey,
Abstract No. 1588 Denton County, Texas, and being a portion of Lot 4, Block A
of the MTP-IBM Addition No. 1, an addition to the City of Southlake, Tarrant
County, Texas, as recorded in Volume 388/211, Page 68 and 69 of Tarrant County
Plat Records and recorded in Volume G, Page 208 of the Plat Records of Denton
County, Texas, and being more particularly described by metes and bounds as
follows:

 

 

BEGINNING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap on the platted easterly right-of-way
line of East T.W. King Road. a variable width right-of-way, as established by
said MTP-IBM Addition No. 1, said point being the Northwest corner of said Lot
4;

THENCE, along the
northerly line of said Lot 4 the following:

North 88 degrees 17
minutes 12 seconds East a distance of 80.85 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 00 degrees 12
minutes 32 seconds West, a distance of 220.18 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 31 degrees 05
minutes 05 seconds East, a distance of 50.00 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 63 seconds 57
minutes 48 seconds East, a distance of 359.25 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap;

South 89 degrees 47
minutes 28 seconds East, a distance of 79.66 feet to a 5/8 inch iron rod found
with cap;

South 00 degrees 12
minutes 32 seconds West, a distance of 43.43 feet to a 5/8 inch iron rod found;

North 89 degrees 42
minutes 23 seconds East, a distance of 479.25 feet to a Corps of Engineers
concrete monument found;

North 89 degrees 50
minutes 38 seconds East, a distance of 50.87 feet to a 5/8 inch iron rod set
with “Huitt-Zollars” cap;

THENCE, South 00 degrees
09 minutes 22 seconds East, departing the North line of Lot 4 a distance of
588.63 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap the easterly
right-of-way line of said East T.W. King Road, and being the beginning of a
non-tangent curve to the left;

THENCE, along the
easterly and northerly right-of-way line of East T.W. King Road the following:

Along said curve to the
left, with a central angle of 13 degrees 29 minutes 39 seconds, a radius of
610.00 feet, an arc distance of 143.67 feet, a long chord that bears North 11
degrees 25 minutes 03 seconds West, a distance of 143.33 feet a 5/8 inch iron
rod found with “Huitt-Zollars” cap;

North 18 degrees 09
minutes 51 seconds West, a distance of 3.34 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left;

 

Along said curve to the
left, with a central angle of 54 degrees 27 minutes 17 seconds, a radius of
474.00 feet, an arc distance of 450.50 feet, a long chord that bears North 45
degrees 23 minutes 30 seconds West, a distance of 433.73 feet to a 5/8 inch
iron rod found with “Huitt-Zollars” cap;

North 72 degrees 37
minutes 08 seconds West, a distance of 404.43 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right;

Along said curve to the
right, with a central angle of 55 degrees 00 minutes 00 seconds, a radius of
406.00 feet, an arc distance of 389.73 feet, a long chord that bears North 45
degrees 07 minutes 08 seconds West, a distance of 374.94 feet to a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the beginning of a compound curve to
the right;

Along said curve to the
right, with a central angle of 08 degrees 58 minutes 48 seconds, a radius of
1,406.00 feet, an arc distance of 220.36 feet, a long chord that bears North 13
degrees 07 minutes 44 seconds West, a distance of 220.13 feet to the POINT OF
BEGINNING and CONTAINING 3.88 acres of land, more or less.

TRACT 6:

BEING 20.152 acres of
land situated in the W. MEDLIN SURVEY, ABSTRACT NO. 1958, and the U. P. MARTIN
SURVEY, ABSTRACT NO. 1015, Tarrant County, Texas and the W. MEDLIN SURVEY,
ABSTRACT NO. 1588, Denton County, Texas, and being part of LOT 1, BLOCK B,
MTP-IBM ADDITION NO. 1, an Addition to the City of Southlake, Tarrant and Denton
Counties, Texas, according to the Plats thereof recorded in Volume 388-211,
Page 68, 69, Map Records, Tarrant County, Texas, and Volume G, Page 208, Map
Records, Denton County, Texas, and being more particularly described as
follows:

COMMENCING at a cut cross
in concrete found at the most westerly, southwest corner of said Lot 1, Block
B;

THENCE North 00 degrees
08 minutes 56 seconds East, a distance of 32.40 feet along the West line of
said Lot 1, Block B, to a Texas Highway Department concrete monument found at
the intersection of the northeasterly right-of-way line of State Highway No.
114 (a variable width right-of-way) and the east right-of-way line of T.W. King
Road (a variable width right-of-way), the POINT OF BEGINNING of the herein
described tract of land;

THENCE along the easterly
right-of-way line of T. W. King Road and along the westerly line of said Lot 1,
Block B, the following:

North 00 degrees 08
minutes 56 seconds East, a distance of 551.44 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 00 degrees 09
minutes 31 seconds West, a distance of 101.34 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap for a corner;

 

North 17 degrees 45
minutes 59 seconds East, a distance of 14.31 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 11 degrees 45
minutes 51 seconds East, a distance of 35.89 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 21 degrees 31
minutes 41 seconds East, a distance of 36.00 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 50 degrees 38
minutes 00 seconds East, a distance of 10.80 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 46 degrees 50
minutes 55 seconds East, a distance of 26.59 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 61 degrees 02
minutes 18 seconds East, a distance of 29.53 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 67 degrees 27
minutes 19 seconds East, a distance of 20.28 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap for a corner;

North 60 degrees 08
minutes 24 seconds East, a distance of 109.47 feet to a P.K. nail set in
asphalt for a corner;

North 13 degrees 05
minutes 02 seconds East, a distance of 42.89 feet to a P.K. nail set in asphalt
on the platted southwesterly right-of-way line of East T. W. King Road (a
variable width right-of-way) and being the beginning of a non-tangent curve to
the left having a radius of 1,474.00, a central angle of 6 degrees 59 minutes
22 seconds and being subtended by a chord of 179.70 feet which bears South 14
degrees 07 minutes 26 seconds East;

THENCE along the platted
southwesterly right-of-way line of East T.W. King Road and along the northeasterly
line of said Lot 1, Block B the following:

Southeasterly along said
curve to the left, an arc distance of 179.81 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the point of compound curvature of a curve to the
left having a radius of 474.00, a central angle of 55 degrees 00 minutes 00
seconds and being subtended by a chord of 437.74 feet which bears South 45
degrees 07 minutes 08 seconds East;

Southeasterly along said
curve to the left, an arc distance of 455.01 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 72 degrees 37
minutes 08 seconds East, a distance of 404.43 feet to a cut cross found in
concrete at the beginning of a curve to the right having a radius of 406.00
feet, a central angle of 42 degrees 59 minutes 03 seconds, and being subtended
by a chord of 297.49 feet which bears South 51 degrees 07 minutes 37 seconds
East;

 

Southeasterly along said
curve to the right, an arc distance of 304.59 feet, to a 1/2-inch iron rod
found with “Huitt-Zollars” cap at the end of said curve;

South 29 degrees 38
minutes 05 seconds East, a distance of 1.84 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right having a
radius of 290.00 feet, a central angle of 27 degrees 12 minutes 45 seconds, and
being subtended by a chord of 136.44 feet which bears South 16 degrees 01
minutes 43 seconds East;

Southeasterly along said
curve to the right, an arc distance of 137.73 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 02 degrees 25
minutes 20 seconds East, a distance of 152.15 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right having a
radius of 45.00 feet, a central angle of 90 degrees 00 minutes 00 seconds,  and being subtended by a chord of 63.64 feet
which bears South 42 degrees 34 minutes 40 seconds West;

Southwesterly along said
curve to the right, an arc distance of 70.69 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve, on the platted northerly
right-of-way line of Kirkwood Boulevard (formerly Parkway Boulevard, a 131 foot
right-of-way);

THENCE along the
northerly right-of-way line of Kirkwood Boulevard, and along the southerly line
of said Lot 1, Block B, the following:

South 87 degrees 34
minutes 40 seconds West, a distance of 4.98 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left having a
radius of 1,550.50, a central angle of 24 degrees 19 minutes 16 seconds and
being subtended by a chord of 653.23 feet which bears South 75 degrees 25
minutes 02 seconds West;

Southwesterly along said
curve to the left, an arc distance of 658.16 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 63 degrees 15
minutes 25 seconds West, a distance of 73.69 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap in the northeasterly right-of-way line of State
Highway No. 114 as described in Deed to the State of Texas, recorded in Volume
9006, Page 961, Deed Records, Tarrant County, Texas, at the beginning of a
curve to the right having a radius of 90.00, a central angle of 80 degrees 12
minutes 10 seconds and being subtended by a chord of 115.95 feet which bears
North 76 degrees 38 minutes 30 seconds West;

THENCE along the
northeasterly right-of-way line of State Highway No. 114, and along the
southwesterly line of said Lot 1, Block B, the following:

Northwesterly along said
curve to the right, an arc distance of 125.98 feet, to a 1/2-inch iron rod
found with “Huitt-Zollars” cap at the end of said curve;

North 36 degrees 32
minutes 25 seconds West, a distance of 104.25 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left, having a
radius of 974.93 

feet, a central angle of
11 degrees 52 minutes 30 seconds, and being subtended by a chord of 201.70 feet
which bears North 42 degrees 28 minutes 40 seconds West,

Northwesterly along said
curve to the left, an arc distance of 202.06 feet, to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

THENCE, departing the
southwesterly line of said Lot 1, Block B, along the northeasterly right-of-way
line of State Highway No. 114 as described in Donation Deed to the State of
Texas, recorded in Volume 10474, Page 386, Deed Records, Tarrant County, Texas,
the following:

North 43 degrees 15
minutes 17 seconds West, a distance of 54.73 feet to a 1/2-inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right having a
radius of 1,412.39 feet, a central angle of 07 degrees 41 minutes 48 seconds,
and being subtended by a chord of 189.59 feet which bears North 41 degrees 14
minutes 50 seconds West;

Northwesterly along said
curve to the right, an arc distance of 189.73 feet, to the POINT OF BEGINNING,
and containing 20.152 acres of land, more or less.

TRACT 7:

Being a tract of land
situated in the C.M. Throop Survey, Abstract No. 1510, the W. Medlin Survey,
Abstract No. 1958, Tarrant County, Texas and being all of Tract IV as described
in deed to First Security Bank National Association as recorded in Volume
14008, Page 315, Deed Records, Tarrant County, Texas, and being all of Lot 1,
CM Throop No. 1510 Addition, an addition to the City of Southlake, Texas as
recorded in Cabinet A, Slide 4154 of the Plat Records of Tarrant County, Texas
and being more particularly described as follows:

BEGINNING at a  5/8 inch iron rod found with “Huitt-Zollars”
cap at the intersection of the platted westerly right-of-way line of  T.W. King Road and the northeasterly
right-of-way line of State Highway No. 114 (a variable width right-of-way);

Thence along the
northeasterly right-of-way line of State Highway 114 (a variable width
right-of-way) the following:

South 53 degrees 27
minutes 45 seconds West, a distance of 25.19 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap from which a Texas Department of Transportation
concrete monument found bears North 44 degrees 30 minutes 24 seconds East, 0.52
feet;

North 36 degrees 32
minutes 15 seconds West, a distance of 156.32 feet to a Texas Department of
Transportation concrete monument found, at the beginning of a curve to the left
having a radius of 3839.72 feet, a central angle of 03 degrees 16 minutes 19
seconds and being subtended by a chord of 219.24 feet which bears North 38
degrees 10 minutes 25 seconds West;

Northwesterly along said
curve to the left, an arc distance of 219.27 feet to a Texas Department of
Transportation concrete monument found, at the end of said curve;

 

North 18 degrees 45
minutes 03 seconds West, a distance of 81.41 feet to a Texas Department of
Transportation concrete monument found, at the beginning of a non-tangent curve
to the left having a radius of 3869.72 feet, a central angle of 00 degrees 45
minutes 22 seconds and being subtended by a chord of 51.07 feet which bears
North 41 degrees 18 minutes 46 seconds West;

Northwesterly along said
curve to the left, an arc distance of 51.07 feet to a Texas Department of
Transportation concrete monument found at the end of said curve;

Thence, departing the
northeasterly right-of-way line of State Highway 114, and along the
northwesterly line of said Lot 1, North 53 degrees 29 minutes 00 seconds East,
a distance of 441.09 feet to 5/8 inch iron rod found with “Huitt-Zollars” cap
for a corner;

Thence, along the platted
westerly right-of-way line of TW King Road, the following;

South 03 degrees 07
minutes 00 seconds West, a distance of 3.55 feet, to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left having a
radius of 235.00 feet, a central angle of 35 degrees 35 minutes 41 seconds and
being subtended by a chord of 143.66 feet which bears South 17 degrees 56
minutes 46 seconds West;

Southwesterly along said
curve to the left an arc distance of 145.99 feet, to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the end of said curve;

South 00 degrees 08
minutes 56 seconds West, a distance of 520.67 feet, to the POINT OF BEGINNING
and Containing 2.473 acres of land, more or less;

TRACT 8:

BEING 0.4043 of an acre
of land situated in the W. MEDLIN SURVEY, ABSTRACT NO. 1588, Denton County,
Texas, and being all of LOT 1, BLOCK A, MTP-IBM ADDITION NO. 1, an Addition to
the City of Southlake, Tarrant and Denton Counties, Texas, according to the
Plats thereof recorded in Volume 388-211, Page 68, 69, Map Records, Tarrant
County, Texas, and Volume G, Page 208, Map Records, Denton County, Texas, and
being more particularly described as follows:

BEGINNING at a 5/8 inch
iron rod with plastic cap stamped “Carter-Burgess” found for the northwest
corner of said Lot 1, Block A, said point being on the platted easterly
right-of-way line of East T.W. King Road (a variable width right-of-way);

THENCE South 89 degrees
47 minutes 28 seconds East, along the north line of said Lot 1, Block A, a
distance of 96.99 feet to a 5/8 inch iron rod in concrete with plastic cap
stamped “Carter-Burgess” found for the northeast corner of said Lot 1, Block A;

 

THENCE South 00 degrees
12 minutes 32 seconds West, along the east line of said Lot 1, Block A, a
distance of 192.67 feet to a 5/8 inch iron rod in concrete with plastic cap
stamped “Carter-Burgess” found for the southeast corner of said Lot 1, Block A;

THENCE North 79 degrees
24 minutes 28 seconds West, along the south line of said Lot 1, Block A, a
distance of 92.36 feet to a 5/8 inch iron rod with plastic cap stamped “Huitt-Zollars”
set for the southwest corner of said Lot 1, Block A, said point being on the
easterly right-of-way line of East T.W. King Road and also being the beginning
of a non-tangent curve to the right having a radius of 1406.00 feet, a central
angle of 7 degrees 10 minutes 56 seconds and being subtended by a chord of
176.13 feet which bears North 01 degrees 47 minutes 15 seconds West;

THENCE, northwesterly
along said curve to the right and along the easterly right-of-way line of said
East T.W. King Road, an arc distance of 176.25 feet to the point of beginning
and containing 0.4043 of an acre of land, more or less.

TRACT 9:

Being a 2.613 acre tract
of land situated in the W. Medlin Survey, Abstract No. 1558 the U. P. Martin
Survey, Abstract No. 1015, Tarrant County, Texas, and the W. Medlin Survey
Abstract No. 1588, Denton County, Texas, and being part of East T.W. King Road
(variable width right-of-way) dedicated by the Final Plat of the MTP-IBM
ADDITION NO.1, an addition to the City of Southlake, recorded in Volume
388-211, Page 66, Plat Records, Tarrant County, Texas and being that portion of
T.W. King Road abandoned by City of Southlake Ordinance No. 776 as recorded in
Volume 14903, Page 402, Deed Records, Tarrant County, Texas and being more
particularly described as follows:

COMMENCING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the southeast corner of Kirkwood
Boulevard (131 foot right-of-way) as dedicated by said MTP-IBM Addition No. 1
plat;

THENCE North 00 degrees
09 minutes 20 seconds West along the easterly right-of-way line of said
Kirkwood Boulevard, a distance of 131.53 feet to a 5/8 inch iron rod found with
“Huitt-Zollars” cap on the easterly right-of-way line of said T.W. King Road
and being the beginning of a non-tangent curve to the right which has a central
angle of 73 degrees 12 minutes 27 seconds, a radius of 10.00 feet, and a chord
which bears North 39 degrees 01 minutes 39 seconds West a distance of 11.93
feet;

THENCE along the easterly
right-of-way line of said T.W. King Road and along said curve to the right, an
arc distance of 12.78 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

THENCE North 02 degrees
25 minutes 20 seconds West, along the easterly right-of-way line of said T.W.
King Road, a distance of 35.00 feet to the POINT OF BEGINNING of the herein
described tract:

 

THENCE South 87 degrees
34 minutes 40 seconds West, crossing T.W. King Road a distance of 86.00 feet to
a 1/2 inch iron rod found with “Huitt-Zollars” cap on the westerly line of said
East T. W. King Road;

THENCE along the westerly
right-of-way line of said East T. W. King Road the following:

North 02 degrees 25
minutes 20 seconds West a distance of 152.15 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left which has a
central angle of 27 degrees 12 minutes 45 seconds, a radius of 290.00 feet, and
a chord which bears North 16 degrees 01 minutes 43 seconds West a distance of
136.44 feet;

Along said curve to the
left, an arc distance of 137.73 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

North 29 degrees, 38
minutes 05 seconds West a distance of 1.84 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at  the
beginning of a curve to the left which has a central angle of 42 degrees 59
minutes 03 seconds, a radius of 406.00 feet, and a chord which bears North 51
degrees 07 minutes 37 seconds West a distance of 297.49 feet;

Along said curve to the
left, an arc distance of 304.59 feet to a cut cross found in concrete at the
end of said curve:

North 72 degrees 37
minutes 08 seconds West a distance of 404.43 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 55 degrees 00 minutes 00 seconds, a radius of 474.00 feet, and
a chord which bears North 45 degrees 07 minutes 08 seconds West a distance of
437.74 feet.

Along said curve to the
right, an arc distance of 455.01 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap at the beginning of a compound curve to the right which has a central angle
of 05 degrees 42 minutes 18 seconds, a radius of 1,474.00 feet and a chord
which bears North 14 degrees 45 minutes 59 seconds West a distance of 146.70
feet;

Along said curve to the
right, an arc distance of 146.77 feet to a P.K. nail set in asphalt;

THENCE North 60 degrees
08 minutes 24 seconds East, departing the westerly right-of-way line of T.W.
King Road, a distance of 12.68 feet to a P.K. nail set in asphalt at the
beginning of a curve to the left which has a central angle of 68 degrees 49
minutes 10 seconds, a radius of 84.28 feet and a chord which bears North 25
degrees 43 minutes 49 seconds East a distance of 95.25 feet;

THENCE along said curve
to the left, an arc distance of 101.23 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve and being the beginning of a non-tangent curve to
the left which has a central angle of 08 degrees 56 minutes 22 seconds, a
radius of 1,406.00 feet and a chord which bears South 13 degrees 08 minutes 57
seconds East a distance of 219.14 feet, said point being on the easterly
right-of-way line of said T.W. King Road;

 

THENCE, along the
easterly right-of-way line of said T.W. King Road, the following;

Along said non-tangent
curve to the left, an arc distance of 219.36 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a compound curve to the left which
has a central angle of 55 degrees 00 minutes 00 seconds, a radius of 406.00
feet, and a chord which bears South 45 degrees 07 minutes 08 seconds East a
distance of 374.94 feet,

Along said curve to the
left, an arc distance of 389.73 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve;

South 72 degrees 37
minutes 08 seconds East a distance of 404.43 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 54 degrees 27 minutes 17 seconds, a radius of 474.00 feet, and
a chord which bears South 45 degrees 23 minutes 30 seconds East, a distance of
433.73 feet:

Along said curve to the
right, an arc distance of 450.50 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

South 18 degrees 09
minutes 51 seconds East a distance of 3.34 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 15 degrees 44 minutes 29 seconds, a radius of 610.00 feet, and
a chord which bears South 10 degrees 17 minutes 27 seconds East a distance of
167.06 feet;

Along said curve to the
right, an arc distance of 167.59 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve:

THENCE South 02 degrees
25 minutes 20 seconds East a distance of 60.63 feet to the POINT OF BEGINNING
and containing 2.613 acres of land, more or less.

TRACT 10:

Being a 2.514 acre tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and being all of Kirkwood Boulevard (131 foot R.O.W.), dedicated as
Parkway Boulevard by the Final Plat of the MTP-IBM ADDITION NO.1, an addition
to the City of Southlake as recorded in Volume 388-211, Page 68, Plat Records,
Tarrant County, Texas and being that portion of Kirkwood Boulevard  abandoned by City of Southlake Ordinance No
777, recorded in Volume 14903, Page 403, Deed Records, Tarrant County, Texas
and being more particularly described as follows:

BEGINNING at a 5/8 inch
iron rod found with “Huitt-Zollars” cap at the southeast corner of said
Kirkwood Boulevard;

THENCE along the
southerly right-of-way line of Kirkwood Boulevard, the following:

South 87 degrees 34
minutes 40 seconds West a distance of 137.89 feet to an “X” cut found in
concrete at the beginning of a curve to the left which has a central angle of
24 degrees 19 

minutes 16 seconds, a
radius of 1419.50 feet, and a chord which bears South 75 degrees 25 minutes 02
seconds West  a distance of 598.04 feet;

Along said curve to the
left, an arc distance of 602.55 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve;

South 63 degrees 15
minutes 25 seconds West a distance of 32.25 feet to a 5/8 inch iron rod found
with “Huitt-Zollars” cap the southwest corner of said Kirkwood Boulevard;

THENCE North 26 degrees
44 minutes 35 seconds West along the westerly line of said Kirkwood Boulevard,
a distance of 131.00 feet to a point at the northwest corner of said Kirkwood
Boulevard;

THENCE along the
northerly right-of-way line of said Kirkwood Boulevard the following:

North 63 degrees 15
minutes 25 seconds East a distance of 32.25 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the right which has a
central angle of 24 degrees 19 minutes 16 seconds, a radius of 1,550.50 feet,
and a chord which bears North 75 degrees 25 minutes 02 seconds East a distance
of 653.23 feet;

Along said curve to the
right, an arc distance of 658.16 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap at the end of said curve;

THENCE North 87 degrees
34 minutes 40 seconds East a distance of 4.98 feet to a 1/2 inch iron rod found
with “Huitt-Zollars” cap at the beginning of a curve to the left which has a
central angle of 90 degrees 00 minutes 00 seconds, a radius of 45.00 feet, and
a chord which bears North 42 degrees 34 minutes 40 seconds East a distance of
63.64 feet;

Along said curve to the
left, an arc distance of 70.69 feet to a 1/2 inch iron rod found with “Huitt-Zollars”
cap the end of said curve;

THENCE North 87 degrees
34 minutes 40 seconds East, a distance of 86.00 feet to a point for a corner;

THENCE South 02 degrees
25 minutes 20 seconds East a distance of 35.00 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap at the beginning of a curve to the left which
has a central angle of 73 degrees 12 minutes 27 seconds, a radius of 10.00
feet, and a chord which bears South 39 degrees 01 minutes 39 seconds East a
distance of 11.93 feet;

Along said curve to the
left an arc distance of 12.78 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap the end of said curve;

THENCE South 00 degrees
09 minutes 20 seconds East, a distance of 131.53 feet to the POINT OF BEGINNING
and containing or 2.514 acres of land, more or less.

 

 

EXHIBIT C

NEW LEGAL DESCRIPTION

TRACT 11:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and being a portion of Lot 4, Block A of the MTP-IBM Addition No. 1, an
addition to the City of Southlake, Tarrant County, Texas, as recorded in Volume
388/211, Page 68 and 69 of Tarrant County Plat Records and recorded in Volume
G, Page 208 of the Plat Records of Denton County, Texas, and being a portion of
Lot 4, Block 1, of the Sabre Group Campus, an addition to the City of
Southlake, Tarrant County, Texas as recorded in Cabinet A, Page 7212 of Tarrant
County Plat Records and being more particularly described by metes and bounds
as follows:

COMMENCING at a
5/8 inch iron rod found with “Huitt-Zollars” cap at the most northerly
northeast corner of said Lot 4, Block 1, of the Sabre Group Campus addition;

THENCE, South
89 degree 33 minutes 04 seconds West, along a north line of last mentioned Lot
4 a distance of 708.61 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap
at the POINT OF BEGINNING;

THENCE, South
00 degrees 26 minutes 56 seconds East, departing the north line of last
mentioned Lot 4 a distance of 176.23 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap on the northerly line of Kirkwood Boulevard, a variable with Private and Emergency Access, Utility, and
Drainage Easement, as established by said Sabre Group Campus addition,
and being the beginning of a non-tangent curve to the left;

THENCE, along
the northerly line of Kirkwood Boulevard the following:

Along said curve to the left with a central angle of 49 degrees 02
minutes 18 seconds, a radius of 432.50 feet, an arc distance of 370.16 feet, a
long chord that bears South 63 degrees 49 minutes 21 seconds West, a distance
of 358.97 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the end
of said curve;

South 39 degrees 18 minutes 13 seconds West, a distance of 365.12 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning of a
curve to the right;

Along said curve to the right, with a central angle of 48 degrees 16
minutes 27 seconds, a radius of 298.50 feet, an arc distance of 251.50 feet, a
long chord that bears South 63 degrees 26 minutes 27 seconds West, a distance
of 244.13 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the end
of said curve;

South 87 degrees 34 minutes 40 seconds West, a distance of 247.97 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the easterly line of
said MTP-IBM Addition;

 

THENCE, North
00 degrees 09 minutes 22 seconds West, along the easterly line of said MTP-IBM
Addition a distance of 14.45 feet to a 5/8 inch iron rod found with “Huitt-Zollars”
cap on the platted northerly right-of-way line of Kirkwood Boulevard and being
the beginning of a non-tangent curve to the right;

THENCE, along
said curve to the right, with a central angle of 73 degrees 12 minutes 27
seconds, a radius of 10.00 feet, an arc distance of 12.78 feet, a long chord
that bears North 39 degrees 01 minutes 39 seconds West, a distance of 11.93 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the easterly
right-of-way line of East T.W. King Road (a variable width right-of-way);

THENCE, along
the easterly right-of-way line of said East T.W. King Road as follows:

North 02 degrees 25 minutes 20 seconds West, a distance of 95.63 feet
to a 5/8 inch iron rod found with “Huitt-Zollars” cap the beginning of a curve
to the left;

Along said curve to the left, with a central angle of 02 degrees 14
minutes 52 seconds, a radius of 610.00 feet, an arc distance of 23.93 feet, a
long chord that bears North 03 degrees 32 minutes 34 seconds West, a distance
of 23.93 feet a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North
90 degrees 00 minutes 00 seconds East, a distance of 221.56 feet to a 5/8 inch
iron rod set with “Huitt-Zollars” cap;

THENCE, North
00 degrees 08 minutes 38 seconds East, a distance of 589.25 feet to a 5/8 inch
iron rod set with “Huitt-Zollars” cap on the north line of said Lot 4, Block 1,
of said Sabre Group Campus addition;

THENCE, North
89 degrees 50 minutes 38 seconds East, along the north line of last mentioned
Lot 4,  a distance of 384.54 feet to a
Corp of Engineers concrete monument;

THENCE, North
89 degrees 33 minutes 04 seconds East, continuing along the north line of last
mentioned Lot 4,  a distance of 423.67
feet to the POINT OF BEGINNING and CONTAINING 8.95 acres of land, more or less.

TRACT 12:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant County, Texas as recorded in Cabinet A, Page
7212 of Tarrant County Plat Records and being more particularly described by
metes and bounds as follows:

 

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE South 00 degrees 09 minutes 58 seconds East, departing the
southeast corner of said MTP-IBM Addition No. 1, a distance of 26.89 feet to a
5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 86 degrees 48 minutes 38 seconds East a distance of 249.80
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 02 degrees 01 minutes 47 seconds West a distance of 19.20
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 81 degrees 13 minutes 05 seconds East a distance of 68.46
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 30 minutes 21 seconds East a distance of 117.23
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 67 degrees 59 minutes 47 seconds West a distance of 70.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 21 degrees 59 minutes 34 seconds East a distance of 350.46
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 00 minutes 26 seconds East a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 22 degrees 52 minutes 05 seconds East a distance of 7.15
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 07 degrees 12 minutes 29 seconds East a distance of 203.67
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 87 degrees 46 minutes 56 seconds East a distance of 190.18
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

THENCE South 59 degrees 01 minutes 33 seconds East a distance of 31.03
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 57.08
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 56.41
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 05 degrees 12 minutes 40 seconds East a distance of 365.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 84 degrees 27 minutes 09 seconds East a distance of 326.16
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the westerly line
of said Kirkwood Boulevard, and being the beginning of a non-tangent curve to
the right;

THENCE,
along
the westerly line of Kirkwood Boulevard andalong said
curve to the right with a central angle of 11 degrees 49 minutes 28 seconds, a
radius of 1,946.50 feet, an arc distance of 407.71 feet a long chord that bears
South 00 degrees 05 minutes 39 seconds East, a distance of 401.00 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE, South
05 degrees 49 minutes 05 seconds West continuing along the said westerly line
of Kirkwood Boulevard a distance of 143.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 86
degrees 20 minutes 23 seconds West departing the westerly line of Kirkwood
Boulevard a distance of 423.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 10 degrees 05
minutes 54 seconds East a distance of 129.53 feet to the POINT OF
BEGINNING and CONTAINING 4.34
acres of land, more or less.

TRACT 13:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant County, Texas as recorded in Cabinet A, Page
7212 of Tarrant County Plat Records and being more particularly described by
metes and bounds as follows:

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as established
by said Sabre Group Campus addition;

 

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a point for corner;

THENCE South 22 degrees 30 minutes 21 seconds East departing the common
line between said Lot 1 and 2, a distance of 119.26 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 29.83
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 67 degrees 40 minutes 35 seconds West a distance of 27.59
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 23 degrees 06 minutes 58 seconds East a distance of 99.27
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 66 degrees 11 minutes 22 seconds East a distance of 9.28
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 23 degrees 01 minutes 33 seconds East a distance of 180.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 14 degrees 27 minutes 29 seconds East a distance of 61.57
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 64 degrees 21 minutes 35 seconds East a distance of 30.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 85 degrees 40 minutes 49 seconds East a distance of 38.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 40 degrees 13 minutes 06 seconds East a distance of 35.21
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 03 degrees 49 minutes 30 seconds West a distance of 53.96
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE North 22 degrees 52 minutes 05 seconds West a distance of 7.15
feet to a 5/8 inch iron rod set with “Huitt-Zollars”;

THENCE South 68 degrees 00 minutes 26 seconds West a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North
21 degrees 59 minutes 34 seconds West a distance of 350.46 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap;

THENCE, North 67 degrees 59
minutes 47 seconds East a distance of 70.78 feet to the POINT OF
BEGINNING and CONTAINING 0.63
acres of land, more or less.

LAND DESCRIPTION

HEADQUARTERS TRACT

BEING a tract of land situated in the U.P. Martin Survey, Abstract No.
1015, City of Southlake, Tarrant County, Texas and being a portion of Lot 1,
Block 1, of the Sabre Group Campus, an addition to the City of Southlake as
recorded in Cabinet A, Page 7212 of the Plat Records Tarrant County, Texas and
being more particularly described as follows;

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap at the POINT OF
BEGINNING;

Continuing
along said curve to the left through a central angle of 34 degrees 47 minutes
56 seconds, having a radius of 401.50 feet, an arc length of 243.85 feet, being
subtended by a chord of North 60 degrees 59 minutes 03 seconds East a distance
of 240.12 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap;

 

North
43 degrees 35 minutes 05 seconds East a distance of 352.12 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the right;

Along
a curve to the right through a central angle of 109 degrees 51 minutes 56
seconds, having a radius of 367.50 feet, an arc length of 704.69 feet, being
subtended by a chord of South 81 degrees 28 minutes 57 seconds East a distance
of 601.58 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap at the beginning of a compound
curve to the right;

Along
a curve to the right through a central angle of 32 degrees 22 minutes 04
seconds, having a radius of 1,946.50 feet and an arc length of 1,099.63 feet,
being subtended by a chord of South 10 degrees 21 minutes 57 seconds East a
distance of 1,085.06 feet to a 5/8
inch iron rod found with “Huitt-Zollars” cap;

South
05 degrees 49 minutes 05 seconds West a distance of 143.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
departing the common line of said Lot 1 and Lot 2, North 86 degrees 20 minutes
23 seconds West a distance of 423.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 10 degrees 05 minutes 54 seconds East a distance of 129.53 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 83 degrees 24 minutes 34 seconds West a distance of 57.08 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
North 59 degrees 01 minutes 33 seconds West a distance of 31.03 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap
;

THENCE,
South 87 degrees 46 minutes 56 seconds West a distance of 190.18 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
North 07 degrees 12 minutes 29 seconds West a distance of 203.67 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
North 22 degrees 52 minutes 05 seconds West a distance of 7.15 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
South 68 degrees 00 minutes 26 seconds West a distance of 147.50 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 21 degrees 59 minutes 34 seconds West a distance of 350.46 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE,
North 67 degrees 59 minutes 47 seconds East a distance of 70.78 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

 

THENCE,
North 22 degrees 16 minutes 15 seconds West a distance of 235.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
South 68 degrees 32 minutes 17 seconds West a distance of 203.72 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE,
North 22 degrees 30 minutes 21 seconds West a distance of 119.26 feet to the POINT OF BEGINNING and containing 25.02 acres of land, more or less.

SAVE AND EXCEPT THE
FOLLOWING:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant County, Texas as recorded in Cabinet A, Page
7212 of Tarrant County Plat Records and being more particularly described by
metes and bounds as follows:

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a point for corner;

THENCE South 22 degrees 30 minutes 21 seconds East departing the common
line between said Lot 1 and 2, a distance of 119.26 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 29.83
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

THENCE South 67 degrees 40 minutes 35 seconds West a distance of 27.59
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 23 degrees 06 minutes 58 seconds East a distance of 99.27
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 66 degrees 11 minutes 22 seconds East a distance of 9.28
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 23 degrees 01 minutes 33 seconds East a distance of 180.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 14 degrees 27 minutes 29 seconds East a distance of 61.57
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 64 degrees 21 minutes 35 seconds East a distance of 30.99
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 85 degrees 40 minutes 49 seconds East a distance of 38.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 40 degrees 13 minutes 06 seconds East a distance of 35.21
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 03 degrees 49 minutes 30 seconds West a distance of 53.96
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE North 22 degrees 52 minutes 05 seconds West a distance of 7.15
feet to a 5/8 inch iron rod set with “Huitt-Zollars”;

THENCE South 68 degrees 00 minutes 26 seconds West a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North
21 degrees 59 minutes 34 seconds West a distance of 350.46 feet to a 5/8 inch iron rod set with “Huitt-Zollars”
cap;

THENCE, North 67 degrees 59
minutes 47 seconds East a distance of 70.78 feet to the POINT OF
BEGINNING and CONTAINING 0.63
acres of land, more or less.

AND SAVE AND EXCEPT THE FOLLOWING:

BEING a tract
of land situated in the U. P. Martin Survey, Abstract No. 1015, Tarrant County,
Texas, and the W. Medlin Survey, Abstract No. 1588 Denton County, Texas, and
being a portion of Lot 1, Block 1, of the Sabre Group Campus, an addition to
the City of Southlake, Tarrant 

County, Texas as recorded
in Cabinet A, Page 7212 of Tarrant County Plat Records and being more
particularly described by metes and bounds as follows:

COMMENCING at a 5/8 inch iron rod set with “Huitt-Zollars” cap at the most
westerly southwesterly corner of Lot 2, Block 1 of said Sabre Group Campus
addition, said point also being on the southerly line of Kirkwood Boulevard, a variable with Private and Emergency
Access, Utility, and Drainage Easement as
established by said Sabre Group Campus addition;

THENCE along the common line of said Lot 1 and Lot 2, Block 1, the
following:

North
87 degrees 34 minutes 40 seconds East a distance of 252.04 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap at the beginning
of a curve to the left;

Along
a curve to the left through a central angle of 09 degrees 11 minutes 39
seconds, having a radius of 401.50 feet, an arc length of 64.43 feet, being
subtended by a chord of North 82 degrees 58 minutes 51 seconds East a distance
of 64.36 feet to a point for corner;

THENCE South 22 degrees 30 minutes 21 seconds East departing the common
line between said Lot 1 and 2, a distance of 119.26 feet to a 5/8 inch iron rod
found with “Huitt-Zollars” cap;

THENCE North 68 degrees 32 minutes 17 seconds East a distance of 203.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 22 degrees 16 minutes 15 seconds East a distance of 235.04
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 67 degrees 59 minutes 47 seconds West a distance of 70.78
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 21 degrees 59 minutes 34 seconds East a distance of 350.46
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 68 degrees 00 minutes 26 seconds East a distance of 147.50
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE South 22 degrees 52 minutes 05 seconds East a distance of 7.15
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 07 degrees 12 minutes 29 seconds East a distance of 203.67
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 87 degrees 46 minutes 56 seconds East a distance of 190.18
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE South 59 degrees 01 minutes 33 seconds East a distance of 31.03
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

 

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 57.08
feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap at the POINT OF BEGINNING;

THENCE South 83 degrees 24 minutes 34 seconds East a distance of 56.41
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 05 degrees 12 minutes 40 seconds East a distance of 365.72
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE North 84 degrees 27 minutes 09 seconds East a distance of 326.16
feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap on the westerly line
of said Kirkwood Boulevard, and being the beginning of a non-tangent curve to
the right;

THENCE,
along
the westerly line of Kirkwood Boulevard andalong said
curve to the right with a central angle of 11 degrees 49 minutes 28 seconds, a
radius of 1,946.50 feet, an arc distance of 407.71 feet a long chord that bears
South 00 degrees 05 minutes 39 seconds East, a distance of 401.00 feet to a 5/8 inch iron rod found with “Huitt-Zollars” cap;

THENCE, South
05 degrees 49 minutes 05 seconds West continuing along the said westerly line
of Kirkwood Boulevard a distance of 143.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 86
degrees 20 minutes 23 seconds West departing the westerly line of Kirkwood
Boulevard a distance of 423.57 feet to a 5/8 inch iron rod set with “Huitt-Zollars” cap;

THENCE, North 10 degrees 05
minutes 54 seconds East a distance of 129.53 feet to the POINT OF
BEGINNING and CONTAINING 4.34
acres of land, more or less.EXHIBIT
10.11

THE ST. PAUL
TRAVELERS COMPANIES, INC.

                                                                                                                                As
of December 13, 2006

Mr. Jay S. Fishman

485 Lexington Ave.

New York, NY 10017-2630

Dear Jay:

I am writing this
letter on behalf of the Board of Directors (the “Board”) of The St. Paul
Travelers Companies, Inc. (the “Company”) to confirm the following amendments
to the terms and conditions of your employment with the Company as set out in
the letter agreement dated April 1, 2004 (the “Letter Agreement”), as amended
as of November 5, 2004 (as amended, the “Employment Agreement”).

1.             Section 4 of the Employment
Agreement is hereby amended and restated in its entirety as follows:

4.             Bonus.  During the Term, you will be eligible to
receive an annual bonus (the “Annual Bonus”)
pursuant to the Company’s annual incentive plan.  The performance objectives for your Annual
Bonus will be determined by the Committee in consultation with you and will be
consistent with performance objectives set for other senior executives of the
Company.

2.             The first sentence of Section 7(d)
of the Employment Agreement is hereby amended and restated to read as follows:

Transportation.  You will be required for security purposes to
use the Company aircraft for all business travel and personal travel; provided, however, that starting January 1, 2007 your use of
the aircraft for personal travel (which in no event will be deemed to include
the use of the aircraft as described in the last sentence of this Section 7(d))
will be on the terms set forth in the Time Sharing Agreement in Exhibit C
attached.

3.             The Time Sharing Agreement set
forth in Exhibit C to the Letter Agreement is hereby amended and restated in
its entirety as attached in Exhibit A to this letter.

4.             Section 8(a)(ii) is
hereby amended and restated in its entirety as follows:

(ii) three (3) times the sum of your (A) then Base
Salary (or, if such termination occurs following a change in control as defined
in Exhibit B to this Letter Agreement occurring after December 13, 2006 (a
“Change in Control”), the highest Base Salary in the 12 months preceding such
termination) and (B) the greatest of (x) 150%
of such Base Salary, (y) Annual Bonus for the immediately preceding year and
(z) the greater of Annual Bonus or 150% of Base Salary for the year immediately
preceding a Change in Control if such termination occurs following a Change in
Control; provided that you execute a release
substantially in the form attached to the Letter Agreement as Exhibit A
concurrently with such payment.

5.             Section 8(a)(x) is hereby amended
and restated in its entirety as follows:

(x) the Company will continue your participation in
the Company’s medical and dental plans (and, if such termination of employment
occurs during the two-year period following a Change in Control, in the Company
provided accident, disability (other than long-term disability) and life
insurance coverage for you and your descendants) on the same terms as in effect
prior to such termination (or prior to such Change in Control, if more
favorable), or if you are ineligible to continue to participate under the terms
thereof, in substitute arrangements adopted by the Company providing
substantially comparable benefits (or identical benefits in the case of such a
termination following a Change in Control) on the same after-tax basis as if
such participation had continued, but in each case only until the earlier of
three years following the date of such termination of employment and the date
on which you became covered by a similar medical or dental plan maintained by
any subsequent employer, as the case may be, or in the case of accident,
disability or life insurance coverage, such date as you become eligible for
such coverage.

6.             Section 8(a)(z) is hereby amended
and restated in its entirety as follows:

 2
 

(z) with respect to options and any similar equity
awards (i.e. containing or requiring an exercise
or similar action) held by you at the time of such termination, such awards
will remain exercisable (as if you had remained employed with the Company
throughout such term) for the lesser of one (1) year and the remainder of the
full term of such options.

7.             The flush paragraph at the end of
Section 8(a) is hereby deleted in its entirety and you and we agree that the
provisions of the Employment Agreement, as amended hereby, supersede the provisions
of the Company’s Special Severance Policy as they relate to you.

8.             The first sentence of Section 8(c)
of the Employment Agreement is hereby amended and restated to read as follows:

If your employment terminates by reason of death or
Disability, you or your beneficiaries will receive (i) a pro rata
portion of 250% of your Base Salary for the year, calculated by multiplying
250% of such Base Salary by a fraction, the numerator of which is the number of
days in the year elapsed prior to such death or Disability and the denominator
of which is 365, and (ii) all other unpaid amounts (including reimbursable
expenses and any vested amounts or benefits owing under or in accordance with
the Company’s otherwise applicable employee benefit plans or programs,
including retirement plans and programs) accrued or owing prior to the
effectiveness of such termination.

9.             The definition of “Good Reason” at
the end of Section 8 of the Employment Agreement is hereby amended and restated
in its entirety as follows:

For purposes of the Letter Agreement, “Good Reason” means (i) the Company reduces your Base Salary,
reduces the value of your Annual Equity Grant without your express written
consent, or sets your Annual Bonus performance objectives in a manner that is
inconsistent with the performance objectives set for other senior executives of
the Company (or, following a Change in Control, otherwise materially and
adversely changes the formula for your annual target bonus opportunity), (ii)
you cease to be Chairman of the Board of the Company or a member of the
Executive Committee (unless removal from the Executive Committee is due to a
change in law or regulation or is in accordance with widely accepted corporate
governance practices), (iii) the Company reduces the scope of your duties,
responsibilities or authority without your express

 3
 

written consent (it being understood, without limitation, that such a
reduction will be deemed to have occurred in all events if, following a Change
in Control, (X) the Company or any entity that may have succeeded it ceases to
have a class of voting equity securities registered under Section 12 of the
Securities Exchange Act of 1934 or (Y) a person or group beneficially owns, as
such terms are used for purposes of section 13(d) of such act, more than 40% of
the voting power of the voting securities of the Company); (iv) the Company
requires you to report to anyone other than the Board or appoints any other
person to a position of equal or higher authority or having a direct reporting
responsibility to the Board (other than the Company’s internal auditors); (v)
the Company breaches any other provision of this Letter Agreement; (vi) following a Change in Control, (Q) the
Company requires you to (I) be based anywhere more than thirty (30) miles from
the office where you are located at the time of the Change in Control or (II)
travel on Company business to an extent substantially greater than your travel
obligations immediately prior to such Change in Control, or (R) the Company
fails to continue in effect any employee benefit plan, compensation plan,
welfare benefit plan or fringe benefit plan in which you are participating
immediately prior to such Change in Control, or takes any action which would
materially adversely affect your participation in or reduce your benefits under
any such plan, unless you are permitted to participate in plans providing you
with substantially equivalent benefits (at substantially equivalent cost with
respect to welfare benefit plans), or (vii) the Company elects not to
extend the Term pursuant to Section 1 prior to the time when you shall have
attained age 65; provided, however, that if you
voluntarily consent to any reduction or change described above in lieu of
exercising your right to resign for Good Reason and deliver such consent to the
Company in writing then such reduction or change will not constitute “Good
Reason” hereunder, but you will have the right to resign for Good Reason under
this Letter Agreement as a result of any subsequent reduction or change described
above; and provided further that an isolated,
insubstantial and inadvertent action covered by clause (vi) (Q) or (R) taken in
good faith and which is remedied by the Company within thirty (30) days after
receipt of written notice thereof given by you to the Company’s Senior Vice
President, Human Resources shall not constitute Good Reason.

10.           Section 10(a) of the Employment
Agreement is hereby deleted in its entirety.

 4
 

11.           New Sections 14(h) and 14(i) are
hereby added to the Employment Agreement as follows:

(h)  In no event
shall you be obligated to seek other employment or take any other action by way
of mitigation of the amounts payable to you under any of the provisions of this
Letter Agreement, and, except as set forth in Section 8(a)(x), such amounts
shall not be reduced whether or not you obtain other employment.  Following a Change in Control, the Company’s
obligation to make the payments provided for in this Letter Agreement and
otherwise to perform its obligations hereunder shall not be affected by any
set-off, counterclaim, recoupment, defense or other claim, right or action
which the Company may have against you or others.

(i)  The Company
agrees to pay as incurred all legal fees and expenses which you may reasonably
incur as a result of any contest pursued or defended against in good faith by
you in respect of a dispute or controversy hereunder arising following a Change
in Control, plus in each case interest on any delayed payment at the applicable
Federal rate provided for in Section 7872(f)(2)(A) of the Internal Revenue Code
of 1986, as amended (the “Code”).  Any
dispute or controversy so arising under or in connection with this Letter
Agreement shall be settled exclusively by arbitration in the city nearest to
the place of your residence in which a United States District Court is situated
by three arbitrators in accordance with the rules of the American Arbitration
Association then in effect.  Judgment may
be entered on the arbitrators’ award in any court having jurisdiction;
provided, however, that you shall be entitled to seek specific performance of
your right to be paid under this Letter Agreement during the pendency of any
dispute or controversy arising under or in connection with this Letter
Agreement.  The Company shall bear all
costs and expenses arising in connection with any arbitration proceeding
pursuant to this Section 14(i).

 5
 

This amendment is
intended to be a binding obligation upon both you and the Company as signified
by my signature below and the Company’s agreement below and by your signature
below.

	
  

  	
  The St. Paul Travelers Companies, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Leslie B. Disharoon

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Leslie B.
  Disharoon

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Chairman of the
  Compensation Committee

  

The foregoing amendment correctly reflects my
understanding and I hereby confirm my agreement to the same.

	
  Dated as of December 13,
  2006

  	
  /s/ Jay S. Fishman

  	
   

  
	
   

  	
  Jay S. Fishman

  	
   

  

 6
 

Exhibit A

AMENDED
AND RESTATED TIME SHARING AGREEMENT

THIS AMENDED AND RESTATED TIME SHARING AGREEMENT is
entered into as of this 13th day of December, 2006, by and between THE ST. PAUL
TRAVELERS COMPANIES, INC., a Minnesota corporation with a place of business at
385 Washington Street, St. Paul, Minnesota 55102 (“SPT”), and JAY S. FISHMAN,
with a business address at 485 Lexington Avenue, New York, New York 10017
(“Lessee”).

    W
I  T  N  E  S  S  E  T  H:

WHEREAS, SPT and Lessee entered into a
Time Sharing Agreement dated as of November 5, 2004 (the “2004 Agreement”),
pursuant to which SPT agreed to make the aircraft described on Schedule 1
thereto, as amended from time to time, available to Lessee on a non-exclusive
“time sharing” basis as defined in Section 91.501(c)(1) of the Federal Aviation
Regulations (“FAR’s”) upon the terms and subject to the conditions set forth
therein; and

WHEREAS, SPT and Lessee have agreed to
amend and restate the 2004 Agreement as set forth in its entirety below; and

WHEREAS, one or more affiliates of SPT
are the owners of the fixed-wing and rotary-wing aircraft set forth on Schedule A hereto, as amended from
time to time (collectively, the “Aircraft”); and

WHEREAS, SPT has the right to use each of the
Aircraft; and

WHEREAS, SPT and/or one or more of its affiliates
employs a fully-qualified and credentialed flight crew to operate the Aircraft;
and

WHEREAS, SPT has agreed to lease the Aircraft, with
flight crew, to Lessee on a non-exclusive “time sharing” basis as defined in
Section 91.501(c)(1) of the FAR’s for his Personal Use (as defined below), upon
the terms and subject to the conditions set forth herein;

NOW, THEREFORE, in consideration of the foregoing
premises, and the covenants and agreements set forth herein, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, SPT and Lessee, intending to be legally bound, hereby agree as
follows:

 7
 

1.                                       Lease
of Aircraft.

(a)           SPT
agrees to lease the Aircraft to Lessee pursuant to the provisions of Section
91.501(b)(6), Section 91.501(c)(1) and Section 91.501(d) of the FAR’s and this
Agreement for all Personal Use flights by Lessee during the Term (as defined in
Section 2) of this Agreement, and to provide, at SPT’s sole cost and expense, a
fully-qualified and credentialed flight crew for all flights to be conducted
hereunder,. The parties acknowledge and agree that this Agreement did not
result in any way from any direct or indirect advertising, holding out or
soliciting on the part of SPT or any person purportedly acting on behalf of
SPT.  SPT and Lessee intend that the
lease of the Aircraft effected by this Agreement shall be treated as a “wet
lease” pursuant to which SPT provides transportation services to Lessee in
accordance with Section 91.501(b)(6), Section 91.501(c)(1) and Section
91.501(d) of the FAR’s.  SPT shall cause
its subsidiaries and affiliates to comply with and perform SPT’s obligations
under this Agreement to the extent applicable and any such performance by such
subsidiaries and affiliates shall be treated as performance by STP hereunder.

(b)           Notwithstanding the foregoing, no
rotary-wing Aircraft shall be made available to Lessee under this Agreement
unless each of the requirements set forth in this Section 1(b) has been
satisfied:  SPT shall be, and at all
times thereafter during the Term shall continue to be, a member in good
standing of the National Business Aviation Association eligible to take
advantage of the Small Aircraft Exemption from FAR Section 91.501(a) available
to NBAA members.  In order to satisfy the
requirements of the Small Aircraft Exemption, SPT shall (i) provide to its
Flight Standards District Office the written notice of operations to be
conducted under this Agreement with a rotary-wing Aircraft required under such
Exemption, a copy of this Agreement, and a copy of the inspection program used to
conform the rotary-wing Aircraft with the requirements of FAR Section
91.409(f); and (ii) make all required logbook entries showing the provision of
FAR Section 91.501 pursuant to which the rotary-wing Aircraft is being operated
hereunder.  SPT will carry a copy of this
Agreement and a copy of the NBAA Small Aircraft Exemption in each rotary-wing
Aircraft at all times that such rotary-wing Aircraft is being operated
hereunder.

 8
 

(c)           If
SPT sells or otherwise disposes of any of the Aircraft, Schedule A shall be
modified to delete any reference to such Aircraft, and this Agreement shall be
terminated as to such Aircraft but shall remain in full force and effect with
respect to each of the other Aircraft. 
No such termination shall affect any of the rights or obligations of the
parties accrued or incurred hereunder prior to such termination. If SPT
purchases, leases or otherwise acquires any Aircraft not listed in Schedule A
hereto, Schedule A shall be modified to include such Aircraft, and thereafter
this Agreement shall remain in full force and effect with respect to such
Aircraft and each of the other Aircraft.

(d)           For
purposes of this Agreement, “Personal Use”
means any use of the Aircraft by Lessee, whether domestic or international,
other than for the business purposes (which business purposes include any
business-related travel which would for Federal income tax purposes be deemed
commuting by Lessee) of SPT, its subsidiaries and affiliates.  “Personal Use” shall include all Flight Hours
(as defined below) for live legs operated for Lessee hereunder and all Flight
Hours for dead-head legs operated by SPT in order to position the Aircraft to
Lessee’s point of initial departure and/or to re-position the Aircraft from
Lessee’s destination to the Aircraft’s home base.    For purposes of this Agreement, the term
“Flight Hours” means the actual flight time, determined in hours and tenths of
an hour, from the moment of Aircraft lift-off at the departure airport until
the moment of Aircraft touchdown at the arrival airport, and excludes taxi
time.

2.               Term.       The
term of this Agreement (the “Term”) shall commence on the date first set forth
above and, unless terminated in accordance with the provisions hereof, shall
continue for an initial term of one year and thereafter shall automatically
renew for successive one-year terms. Notwithstanding anything herein to the
contrary, this Agreement shall terminate on the date of expiration or
termination of the letter agreement dated April 1, 2004 between SPT and Lessee
relating to Lessee’s employment, as amended or restated from time to time.  No termination of this Agreement shall affect
any of the rights or obligations of the parties accrued or incurred hereunder
prior to such termination.

 9
 

3.             Payment
for Personal Use of Aircraft.  From
and after January 1, 2007, as payment for his Personal Use of the Aircraft
pursuant to this Agreement as provided in Section 2, Lessee shall pay SPT the
maximum amount legally payable for each such flight under FAR Section
91.501(d), as in effect from time to time. 
As of the date of this Agreement, the maximum amount legally payable for
each flight conducted under this Agreement consists of the following actual
expenses of such flight:

(a)           fuel,
oil, lubricants and other additives;

(b)           travel
expenses of crew, including food, lodging and ground transportation;

(c)           hangar and tie-down costs away from
the Aircraft’s base of operation (currently Bradley

                International
Airport, Windsor Locks, Connecticut);

(d)           additional
insurance obtained for the specific flight;

(e)           landing
fees, airport taxes and similar assessments;

(f)            customs,
foreign permit and similar fees directly related to the flight;

(g)           in-flight
food and beverages;

(h)           passenger
ground transportation;

(i)            flight
planning and weather contract services; and

(j)            an additional charge equal to 100%
of the expenses listed in Section 3(a).

4.             Operational Control of Aircraft.  SPT and Lessee intend and agree that on all
flights conducted under this Agreement, SPT shall have complete and exclusive
operational control over the Aircraft, its flight crews and maintenance, and
complete and exclusive possession, command and control of the Aircraft.  SPT shall have complete and exclusive responsibility
for scheduling, dispatching and flight following of the Aircraft on all flights
conducted under this

 

 10

Agreement,
which responsibility includes the sole and exclusive right over initiating,
conducting and terminating such flights. Nothing in this Agreement is intended
or shall be construed so as to convey to Lessee any operational control over,
or possession, command and control of, the Aircraft, all of which are expressly
retained by SPT.

5.             Scheduling.

(a)           Lessee
will provide the designated authorized representative(s) of SPT with requests
for flight time and proposed flight schedules as far in advance of any given
flight under this Agreement as possible in accordance with policies established
from time to time by SPT.  Requests for
flight time shall be in such form (whether oral or written) mutually convenient
to, and agreed upon by, the parties.  In
addition to proposed schedules and flight times, Lessee shall upon request
provide SPT with the following information for each proposed flight prior to
scheduled departure: (i) departure point; (ii) destination; (iii) date and time
of flight; (iv) the number and names of anticipated passengers; (v) the nature
and extent of luggage to be carried; (vi) the date and time of a return flight,
if any; and (vii) any other pertinent information concerning the proposed
flight that SPT or the flight crew may request.

(b)           Subject to Aircraft and crew
availability, SPT shall use its good faith efforts, consistent with SPT’s
approved policies, in order to accommodate the needs of Lessee, to avoid
conflicts in scheduling, and to enable Lessee to enjoy the benefits of this Agreement.

(c)           Although
every good faith effort shall be made to avoid its occurrence, any flight
scheduled under this Agreement is subject to cancellation by either party
without incurring liability to the other party. 
In the event that cancellation is necessary, the canceling party shall
provide the maximum notice practicable.

(d)           SPT shall not be liable to Lessee or
any other person for loss, injury or damage occasioned by the delay or failure
to furnish the Aircraft and flight crew pursuant to this Agreement for any
reason.

6.             Billing.  SPT shall pay all expenses relating to the
operation of the Aircraft under this Agreement on a monthly basis.  As soon as possible after the end of each
calendar month during the Term, SPT shall provide to Lessee an invoice showing
all use of the Aircraft by Lessee under this

 11
 

Agreement
during that month and a complete accounting detailing all amounts payable by
Lessee pursuant to Section 3 for that month, including such detail supporting
all expenses paid or incurred by SPT for which reimbursement is sought as
Lessee may reasonably request. Promptly after execution of this Agreement,
Lessee agrees to maintain with SPT an appropriate agreed-upon advance deposit,
to be applied by SPT against any amounts owed by Lessee under Section 3 and any
Federal excise due on such amounts, and to replenish such deposit at
mutually-agreed times in mutually-agreed amounts (with any balance to be
returned to Lessee upon termination of this Agreement).

7.             Maintenance of Aircraft.  SPT shall be solely responsible for securing
maintenance, preventive maintenance and inspections of the Aircraft (utilizing
an inspection program listed in FAR Section 91.409(f)), and shall take such
requirements into account in scheduling the Aircraft hereunder. SPT shall not
delay or postpone any maintenance, preventive maintenance or inspections of the
Aircraft unless such maintenance or inspection can be deferred in compliance
with applicable laws, regulations and SPT’s maintenance program, and will not,
in the discretion of SPT and the pilot-in-command, adversely affect safety. SPT
shall not be liable to Lessee or any other person for loss, injury or damage
occasioned by the delay or failure to furnish the Aircraft and flight crew
pursuant to this Agreement for any reason, whether or not maintenance-related.

8.             Flight
Crew.

(a)           SPT shall employ or engage and pay
all salaries, benefits and and/or compensation for a fully-qualified flight
crew with appropriate credentials to conduct each flight undertaken under this
Agreement.  All flight crewmembers shall
be included on any insurance policies that SPT is required to maintain
hereunder.

(b)           The qualified flight crew provided by
SPT shall exercise all of its duties and responsibilities with regard to the
safety of each flight conducted hereunder in accordance with applicable
FAR’s.  Final authority to initiate or
terminate each flight, and otherwise to decide all matters relating to the
safety of any given flight or requested flight, shall rest with the
pilot-in-command of that flight.  The
flight crew may, in its sole discretion, terminate any flight, refuse to
commence any flight or take any other action (including, without limitation,
determining the route to be flown and the place of landing) which, in the sole
judgment of the pilot-in-command, is necessitated by considerations of safety.
No such termination or refusal to commence by the pilot-in-command shall create
or support any liability for loss, injury, damage or delay in favor of Lessee
or any other person.

 12
 

9.            Insurance.

                (a)           At all times during the term of this
Agreement, SPT shall maintain at its sole cost and expense (i) comprehensive
aircraft and liability insurance against bodily injury and property damage
claims, including, without limitation, contractual liability, premises damage,
personal property liability, personal injury liability, death and property
damage liability, public and passenger legal liability coverage, in an amount
not less than $200,000,000 for each single occurrence, and (ii) hull insurance
for the full replacement cost of the Aircraft.

                                (b)           Any policies of aircraft and liability insurance carried
in accordance with this Section 9 and any policies taken out in substitution or
replacement of any such policies shall (i) name Lessee as an additional
insured; (ii) provide that in respect of the interests of Lessee in such
policies, the insurance shall not be invalidated by any action or inaction of
SPT regardless of any breach or violation of any warranties, declarations or
conditions contained in such policies by or binding upon SPT;  (iii) include a waiver of the insurer’s
rights of subrogation against Lessee and a cross-liability clause which
provides that except for the limits of liability, such insurance shall operate
to give Lessee the same protection as if a separate policy had been issued to
him; (iv) include contractual liability coverage covering SPT’s indemnity
obligations hereunder; and (v) permit the use of the Aircraft by SPT for
compensation or hire to the extent necessary to perform its obligations under
this Agreement. Each such policy shall be primary insurance, not subject to any
co-insurance clause and shall be without right of contribution from any other
insurance.

                                (c)           SPT shall use reasonable commercial
efforts to provide such additional insurance coverage for specific flights
under this Agreement, if any, as Lessee may request in writing.  Lessee also acknowledges that any trips
scheduled to the European Union may require SPT to purchase additional
insurance to comply with local regulations. 
The cost of all additional flight-specific insurance shall be borne by
Lessee as set forth in Section 3(d).

 13
 

(d)           Each party agrees that it will not do
any act or voluntarily suffer or permit any act to be done whereby any
insurance required hereunder shall or may be suspended, impaired or defeated.

(e)           At Lessee’s request, SPT shall
deliver certificates of insurance to Lessee with respect to the insurance
required or permitted to be provided by it hereunder.

10.           Taxes.       Lessee shall be responsible
for paying, and SPT shall be responsible for collecting from Lessee and paying
over to the appropriate authorities, all applicable Federal excise taxes and
all sales, use and other excise taxes imposed by any governmental authority in
connection with any use of the Aircraft by Lessee hereunder.  Each party shall indemnify the other party
against any and all claims, liabilities, costs and expenses (including
attorney’s fees as and when incurred) arising out of its breach of this
undertaking.

11.           Lessee’s
Representations and Warranties. 
Lessee represents and warrants that:

                (a)           Lessee will use the Aircraft only for
his own account, including carriage of his guests, and not for the purposes of
providing transportation of passengers or cargo in air commerce for
compensation or hire or for common carriage.

                (b)           Lessee will refrain from incurring
any mechanic’s or other liens in connection with the Aircraft, and shall not
convey, mortgage, assign, lease or in any way alienate the Aircraft or create
any kind of lien or security interest involving the Aircraft or do anything or
take any action that might mature into such a lien, and shall ensure that no
liens or encumbrances of any kind whatsoever are created or placed against the
Aircraft for claims against Lessee or by Lessee.

                (c)           Lessee will abide by and conform to all laws, governmental
and airport orders, rules and regulations as in effect from time to time,
imposed upon the lessee of an aircraft under a time sharing agreement, and all
applicable company policies of SPT.

12.           SPT’s Representations and
Warranties.  SPT represents and
warrants that:

 14
 

(a)             It shall conduct all operations
under this Agreement in compliance with (i) all applicable requirements of all
governmental authorities having jurisdiction, including, but not limited to,
the Federal Aviation Administration and the governmental authorities of each
foreign jurisdiction in or over which the Aircraft may be operated hereunder;
(ii) the terms, conditions and limitations of, and in the geographical areas
allowed by, the insurance policies required hereunder; and (iii) the operating
instructions of the Aircraft’s flight manual and the manufacturers’ operating
and maintenance instructions.

(b)             Each of the Aircraft furnished to
Lessee hereunder will be in airworthy condition and in full compliance with all
applicable rules of the Federal Aviation Administration.

(c)             SPT shall not do any act or
voluntarily suffer or permit any act to be done whereby any insurance required
hereunder shall or may be suspended, impaired or defeated.  In no event shall SPT suffer or permit the
Aircraft to be used or operated during the Term without such insurance being
fully in effect or in any geographical area not covered by the policies then in
effect.

13.             Disclaimer of Warranties.  EXCEPT AS EXPRESSLY SET FORTH IN THIS
AGREEMENT, SPT HAS MADE NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED,
WITH RESPECT TO ANY OF THE AIRCRAFT, INCLUDING ANY WITH RESPECT TO THEIR
DESIGN, CONDITION, QUALITY OF MATERIALS AND WORKMANSHIP, MERCHANTABILITY,
FITNESS FOR ANY PARTICULAR PURPOSE, AIRWORTHINESS OR SAFETY.  IN NO EVENT SHALL SPT BE LIABLE TO THE LESSEE
OR TO ANY OTHER PERSON FOR ANY INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR SPECIAL
DAMAGES, HOWEVER ARISING, WHETHER SPT KNEW OR SHOULD HAVE KNOWN OF THE
POSSIBILITY OF SUCH DAMAGE, LOSS OR EXPENSE.

14.           Indemnities.

(a)           SPT
hereby covenants and agrees that it shall be fully liable to, and shall
promptly upon demand defend, indemnify and hold harmless Lessee and his agents,
guests, invitees, licensees and employees from and against any and all
liabilities, claims, demands, suits, causes of action, losses, penalties,
fines,

 15
 

expenses or
damages, including legal fees, arising out of or in connection with (i) SPT’s
use, operation or maintenance of the Aircraft, (ii) SPT’s performance of or
failure to perform any service or obligation which is the subject matter of
this Time Sharing Agreement, or (iii) any other breach by SPT of any of the
representations, warranties, covenants or agreements set forth in this Time
Sharing Agreement.

                (b)           Lessee hereby covenants and agrees
that he shall be fully liable to, and shall promptly upon demand defend,
indemnify and hold harmless SPT and its subsidiaries and affiliates and their
respective agents and employees from and against any and all liabilities,
claims, demands, suits, causes of action, losses, penalties, fines, expenses or
damages, including legal fees, arising out of or in connection with any breach
by Lessee of any of the representations, warranties, covenants or agreements
set forth in this Time Sharing Agreement.

15.           Limitation
on Liability.  Notwithstanding
anything in this Agreement to the contrary, Lessee shall not have any liability
to SPT arising out of this Agreement  for
any liabilities, claims, demands, suits, causes of action, losses, penalties,
fines, expenses, damages or costs other than amounts payable by Lessee pursuant
to Section 3, Section 9(c), Section 10 and Section 14(b).  In no event shall Lessee be liable for any
indirect, special, incidental, punitive or consequential damages.

16.           Relationship
of Parties.  SPT is strictly an
independent contractor provider of transportation services with respect to
Lessee.  Nothing in this Agreement is
intended, nor shall it be construed so as, to constitute the parties as
partners or joint venturers or principal and agent.  All persons furnished by SPT for the
performance of the operations and activities contemplated by this Agreement
shall at all times and for all purposes be considered SPT’s employees or agents
and SPT shall be solely responsible for their performance.

17.           Governing
Law; Severability.  This Agreement
shall be governed by and interpreted in accordance with the laws of the State
of Minnesota, without regard to its choice of law rules.  If any provision of this Agreement conflicts
with any such law of the State of Minnesota, or is otherwise unenforceable,
such provision shall be deemed null and void only the extent of such conflict
or unenforceability, and shall be deemed separate from, and shall not
invalidate, any other provision of this Agreement.

 16
 

18.           Amendment.  This Agreement may not be amended,
supplemented, modified or terminated, or any of its terms varied, except by an
agreement in writing signed by each of the parties hereto.

19.           Counterparts.  This Agreement may be executed in
counterparts, each of which shall, for all purposes, be deemed an original and
all such counterparts, taken together, shall constitute one and the same
agreement, even though all parties may not have executed the same
counterpart.  Each party may transmit its
signature by facsimile, and such faxed signature shall have the same force and
effect as an original signature.

20.           Successors
and Assigns.  This Time Sharing
Agreement shall be binding upon the parties hereto, and their respective heirs,
executors, administrators, other legal representatives, successors and assigns,
and shall inure to the benefit of the parties hereto, and, except as otherwise
provided herein, to their respective heirs, executors, administrators, other
legal representatives, successors and permitted assigns.  Lessee agrees that he shall not sublease,
assign, transfer, pledge or hypothecate this Agreement or any part hereof
(including any assignment or transfer by operation of law) without the prior
written consent of SPT, which may be given or withheld by SPT in its sole and
absolute discretion.

21.           Notices.  All notices or other communications delivered
or given under this Agreement shall be in writing and shall be deemed to have
been duly given and received on the business day on which hand-delivered, or
one business day after the business day on which sent by nationally-utilized
overnight delivery service on a priority basis. 
Such notices shall be addressed to the parties at the addresses set
forth above, or to such other address as may be designated by any party in a
writing delivered to the other in the manner set forth in this Section 21.  Notices sent by postal service shall not be
effective. For purposes of this Agreement, a “business day” is any day, other
than a Saturday or Sunday, on which commercial banks in St. Paul, Minnesota are
authorized or required to open for business. 
In the event that SPT and Lessee so agree, routine communi­cations may
be made by e-mail or fax.

22.           Entire Agreement.  This Agreement (including the exhibits
hereto) sets forth the entire agreement between the parties with respect to the
subject matter hereof and supersedes any and all other agreements,
understandings, communications, representations or negotiations, whether oral
or written, relating thereto, including, without limitation, the 2004
Agreement. There

 17
 

are
no third-party beneficiaries of this Agreement, and no other agreements,
representations or warranties, either oral or written, express or implied,
relating to the subject matter of this Agreement that are not expressly set
forth in this Agreement.

23.           Truth-in-Leasing Compliance.  SPT, on behalf of Lessee, shall (i) mail a
copy of this Agreement to the Aircraft Registration Branch, Technical Section,
of the FAA in Oklahoma City within 24 hours of its execution; (ii) notify the
appropriate Flight Standards District Office at least 48 hours prior to the
first flight by SPT under this Agreement of the registration number of the Aircraft,
and the location of the airport of departure and departure time of the first
flight; and (iii) carry a copy of this Agreement onboard the Aircraft at all
times when the Aircraft is being operated under this Agreement.

24.           TRUTH
IN LEASING STATEMENT UNDER FAR SECTION 91.23:

(A)          SPT
HEREBY CERTIFIES THAT EACH OF THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED
UNDER FAR PART 91 DURING THE 12-MONTH PERIOD PRECEDING THE DATE OF EXECUTION OF
THIS AGREEMENT.  EACH OF THE AIRCRAFT
WILL BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH THE MAINTENANCE AND
INSPECTION REQUIREMENTS OF FAR PART 91 FOR ALL OPERATIONS TO BE CONDUCTED UNDER
THIS AGREEMENT.

(B)           SPT,
385 WASHINGTON STREET, ST. PAUL, MINNESOTA 55102, HEREBY CERTIFIES THAT IT IS
RESPONSIBLE FOR OPERATIONAL CONTROL OF EACH OF THE AIRCRAFT FOR ALL OPERATIONS
OF SUCH AIRCRAFT UNDER THIS AGREEMENT.

(C)           EACH
PARTY HEREBY CERTIFIES THAT IT UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE
WITH APPLICABLE FEDERAL AVIATION REGULATIONS.

(D)          THE
PARTIES UNDERSTAND THAT AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL
CONTROL AND THE PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE
NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE.

(signature page follows)

 18
 

                IN WITNESS WHEREOF, SPT and Lessee have executed this
Amended and Restated Time Sharing Agreement effective as of the date first
above written.

	
  

  	
  THE ST. PAUL TRAVELERS COMPANIES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Leslie B. Disharoon

  
	
   

  	
   

  	
  Name: 

  	
  Leslie B. Disharoon

  
	
   

  	
   

  	
  Title: 

  	
  Chairman of the Compensation Committee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LESSEE:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Jay S. Fishman

  
	
   

  	
   

  	
  Jay S. Fishman

  

 19
 

SCHEDULE A

AIRCRAFT

Dassault
Aviation Mystere Falcon 900, s/n 200, United States registration N404ST
(fixed-wing)

Dassault
Aviation Falcon 2000, s/n 20, United States registration N405ST (fixed-wing)

Dassault
Aviation Falcon 2000, s/n 25, United States registration N122SC (to be changed
to N406ST) (fixed-wing)

Sikorsky S-76B, s/n
760462, N403ST (rotary-wing)

 

 20

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