Document:

exv10w2

Exhibit 10.2

 

Construction Loan Agreement

among

HF Logistics-SKX Tl, LLC, a Delaware limited liability company,

as Borrower

and

Bank of America, N.A.,

a national banking association

as Administrative Agent and as a Lender

and

Raymond James Bank FSB,

a federal savings bank, as a Lender

Dated as of April 30, 2010

Banc of America Securities LLC,

as

Sole Lead Arranger and Sole Book Manager

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE	 
	ARTICLE 1 — THE LOAN
	 	 	1	 
	 
	 	 	 	 
	1.1. General Information and Exhibits
	 	 	1	 
	1.2. Purpose
	 	 	1	 
	1.3. Commitment to Lend
	 	 	1	 
	1.4. Budget
	 	 	1	 
	1.5. Borrower’s Deposit
	 	 	2	 
	1.6. Evidence of Debt
	 	 	2	 
	1.7. Interest Rate
	 	 	2	 
	1.8. Past Due Rate
	 	 	3	 
	1.9. Prepayment
	 	 	3	 
	1.10. Consequential Loss
	 	 	3	 
	1.11. Late Charge
	 	 	4	 
	1.12. Taxes
	 	 	4	 
	1.13. Payment Schedule and Maturity Date
	 	 	5	 
	1.14. Advances and Payments
	 	 	7	 
	1.15. Administrative Agent Advances
	 	 	7	 
	1.16. Defaulting Lender
	 	 	9	 
	1.17. Several Obligations; No Liability, No Release
	 	 	10	 
	 
	 	 	 	 
	ARTICLE 2 — ADDITIONAL COVENANTS AND AGREEMENTS
	 	 	12	 
	 
	 	 	 	 
	2.1. Construction of the Improvements
	 	 	12	 
	2.2. Plans and Changes
	 	 	12	 
	2.3. Contracts
	 	 	12	 
	2.4. Assignment of Contracts and Plans
	 	 	13	 
	2.5. Storage of Materials
	 	 	13	 
	2.6. Construction Consultant
	 	 	13	 
	2.7. Inspection
	 	 	14	 
	2.8. Notice to Lenders
	 	 	14	 
	2.9. Financial Statements
	 	 	14	 
	2.10. Other Information
	 	 	14	 
	2.11. Reports and Testing
	 	 	14	 
	2.12. Advertising by Lenders
	 	 	15	 
	2.13. Appraisal
	 	 	15	 
	2.14. Payment of Withholding Taxes
	 	 	15	 
	2.15 ERISA and Prohibited Transaction Taxes
	 	 	15	 
	 
	 	 	 	 
	ARTICLE 3 — REPRESENTATIONS AND WARRANTIES
	 	 	16	 
	 
	 	 	 	 
	ARTICLE 4 — DEFAULT AND REMEDIES
	 	 	17	 
	 
	 	 	 	 
	4.1. Events of Default
	 	 	17	 
	4.2. Remedies
	 	 	18	 
	 
	 	 	 	 
	ARTICLE 5 — ADMINISTRATIVE AGENT
	 	 	19	 
	 
	 	 	 	 
	5.1. Appointment and Authorization of Administrative Agent
	 	 	19	 
	5.2. Delegation of Duties
	 	 	20	 
	5.3. Liability of Administrative Agent
	 	 	20	 
	5.4. Reliance by Administrative Agent
	 	 	21	 
	5.5. Notice of Default
	 	 	21	 
	5.6. Credit Decision; Disclosure of Information by Administrative Agent
	 	 	21	 
	5.7. Indemnification of Administrative Agent
	 	 	22	 
	5.8. Administrative Agent in Individual Capacity
	 	 	22	 

 

 

	 	 	 	 	 
	 	 	PAGE	 
	5.9.   Successor Administrative Agent
	 	 	22	 
	5.10. Releases; Acquisition and Transfers of Collateral
	 	 	23	 
	5.11. Application of Payments
	 	 	24	 
	5.12. Benefit
	 	 	24	 
	 
	 	 	 	 
	ARTICLE 6 — GENERAL TERMS AND CONDITIONS
	 	 	24	 
	 
	 	 	 	 
	6.1. Consents; Borrower’s Indemnity
	 	 	24	 
	6.2. Miscellaneous
	 	 	26	 
	6.3. Notices
	 	 	26	 
	6.4. Payments Set Aside
	 	 	27	 
	6.5. Successors and Assigns
	 	 	27	 
	6.6. Confidentiality
	 	 	29	 
	6.7. Set-off
	 	 	30	 
	6.8. Sharing of Payments
	 	 	30	 
	6.9. Amendments; Survival
	 	 	30	 
	6.10. Costs and Expenses
	 	 	32	 
	6.11. Tax Forms
	 	 	32	 
	6.12. Further Assurances
	 	 	33	 
	6.13. Inducement to Lenders
	 	 	34	 
	6.14. Forum
	 	 	34	 
	6.15. Interpretation
	 	 	34	 
	6.16. No Partnership, etc.
	 	 	34	 
	6.17. Records
	 	 	34	 
	6.18. Commercial Purpose
	 	 	34	 
	6.19. WAIVER OF JURY TRIAL
	 	 	35	 
	6.20. Service of Process
	 	 	35	 
	6.21. USA Patriot Act Notice
	 	 	35	 
	6.22. Entire Agreement
	 	 	35	 
	6.23. Dispute Resolution
	 	 	35	 

EXHIBITS:

	 	 	 	 	 

	EXHIBIT “A”

	 	—
	 	Legal Description of Land
	EXHIBIT “B”

	 	—
	 	Definitions and Financial Statements
	EXHIBIT “C”

	 	—
	 	Conditions Precedent to the Initial
Advance
	EXHIBIT “D”

	 	—
	 	Budget
	EXHIBIT “E”

	 	—
	 	Plans
	EXHIBIT “F”

	 	—
	 	Advances
	EXHIBIT “F-1”

	 	—
	 	Draw Request
	EXHIBIT “G”

	 	—
	 	Survey Requirements
	EXHIBIT “H”

	 	—
	 	Intentionally Omitted
	EXHIBIT “I”

	 	—
	 	Leasing and Tenant Matters
	EXHIBIT “J”

	 	—
	 	List of Required Bonds
	EXHIBIT “K”

	 	—
	 	Letters of Credit
	EXHIBIT “L”

	 	—
	 	Assignment and Assumption
	EXHIBIT “M”

	 	—
	 	Promissory Note
	EXHIBIT “N”

	 	—
	 	Schedule of Lenders and Other Parties

 

 

CONSTRUCTION LOAN AGREEMENT

(Syndication)

     THIS CONSTRUCTION LOAN AGREEMENT (“Agreement”) is made by and among each lender from
time to time a party hereto (individually, a “Lender” and collectively, the
“Lenders”), and Bank of America, N.A., a national banking association as Administrative
Agent and HF Logistics-SKX Tl, LLC, a Delaware limited liability company (“Borrower”), who
agree as follows:

ARTICLE 1 — THE LOAN

     1.1. General Information and Exhibits. This Agreement includes the Exhibits listed
below which are marked by an “X,” all of which Exhibits are attached hereto and made a part hereof
for all purposes. Borrower and Lenders agree that if any Exhibit to be attached to this Agreement
contains blanks, the same shall be completed correctly and in accordance with this Agreement prior
to or at the time of the execution and delivery thereof.

	 	 	 	 	 	 	 

	 X 

	 	Exhibit “A”
	 	—
	 	Legal Description of the Land
	 X 

	 	Exhibit “B”
	 	—
	 	Definitions and Financial Statements
	 X 

	 	Exhibit “C”
	 	—
	 	Conditions Precedent to the Initial
Advance
	 X 

	 	Exhibit “D”
	 	—
	 	Budget
	 X 

	 	Exhibit “E”
	 	—
	 	Plans
	 X 

	 	Exhibit “F”
	 	—
	 	Advances
	 X 

	 	Exhibit “F-1”
	 	—
	 	Draw Request
	 X 

	 	Exhibit “G”
	 	—
	 	Survey Requirements
	 

	 	Exhibit “H”
	 	—
	 	Intentionally Omitted
	 X 

	 	Exhibit “I”
	 	—
	 	Leasing and Tenant Matters
	 X 

	 	Exhibit “J”
	 	—
	 	List of Required Bonds
	 X 

	 	Exhibit “K”
	 	—
	 	Letters of Credit
	 X 

	 	Exhibit “L”
	 	—
	 	Assignment and Assumption
	 X 

	 	Exhibit “M”
	 	—
	 	Promissory Note
	 X 

	 	Exhibit “N”
	 	—
	 	Schedule of Lenders

The Exhibits contain other terms, provisions and conditions applicable to the Loan. Capitalized
terms used in this Agreement shall have the meanings assigned to them in Exhibit “B”. This
Agreement and the other Loan Documents, which must be in form, detail and substance satisfactory
to Lenders, evidence the agreements of Borrower and Lenders with respect to the Loan. Borrower
shall comply with all of the Loan Documents, but to the extent that the provisions of this
Agreement conflict or are inconsistent with the provisions in any of the other Loan Documents, the
provisions of this Agreement shall control.

     1.2.
Purpose. The proceeds of the Loan shall be used by Borrower to pay (i) the cost
of the construction of the Improvements on the Land and (ii) other fees, costs and expenses
relating to the Property if and to the extent that such costs are specifically provided for in the
Budget.

     1.3. Commitment to Lend. Borrower agrees to borrow from each Lender, and each Lender
severally agrees to make advances of its Pro Rata Share of the proceeds of the Loan to Borrower in
amounts at any one time outstanding not to exceed such Lender’s Pro Rata Share of the Loan and
(except for Administrative Agent with respect to Administrative Agent Advances), on the terms and
subject to the conditions set forth in this Agreement and Exhibit “C” and Exhibit
“F” attached to this Agreement. Lender’s commitment to lend shall expire and terminate
automatically if the Loan is prepaid in full. The Loan is not revolving. Any amount repaid may not
be reborrowed.

     1.4. Budget. The Budget is attached to this Agreement as Exhibit “D”. The
amounts listed in the Budget as the (a) “Total Costs” is the maximum cost anticipated by
Borrower for each item specified; (b) “Total Budget” is the maximum cost anticipated by
Borrower for the Project; (c) “Loan Proceeds” is the maximum amount to be advanced under
the Loan, and as used herein, such term shall mean Loan funds to be advanced by the Lenders
subject to the terms and conditions of this Agreement; and (d) “Up-Front Equity” is FIFTY
SEVEN MILLION FIVE HUNDRED SIXTY ONE THOUSAND TWO HUNDRED THIRTY SEVEN AND NO/100
DOLLARS

PAGE 1

 

($57,561,237.00), the amount which is to be paid by Borrower toward the Total Costs, and advanced
prior to the first Advance of any Loan Proceeds. Up-Front Equity Cash and Loan Proceeds shall be
advanced subject to the terms, covenants, conditions and provisions of this Agreement. Borrower
shall not amend the Budget, or otherwise reallocate Loan funds from one Budget line item to
another, without the prior written approval of Administrative Agent in its sole discretion or
except as expressly provided for herein. The Budget has been prepared by Borrower, and Borrower
represents to Administrative Agent and Lenders that to the best of Borrower’s knowledge, the Budget
includes all costs incident to the Loan and the Project through the maturity date of the Loan
(collectively, the “Aggregate Cost”) after taking into account the requirements of this
Agreement, including “hard” and “soft” costs, fees and expenses. Unless approved by Administrative
Agent in its sole discretion, no advance shall be made (a) for any cost not set forth in the
Budget, (b) from any line item in the Budget that, when added to all prior advances from that line
item, would exceed the lesser of (i) the actual cost incurred by Borrower for such line item, or
(ii) the sum shown in the Budget for such line item, (c) from any contingency line item, or (d) to
pay interest on the Loan after commencement of operations in the Improvements if and to the extent
that, subject to the provisions of Exhibit “I”, there is sufficient net operating income
from the Property to pay such interest. Advances from any line item in the Budget for purposes
other than those for which amounts are initially allocated to such line item, or changes in the
relative amounts allocated to particular line items in the Budget may only be made as
Administrative Agent in its sole discretion deems necessary or advisable.

     In the event the general contractor produces a cost savings on a particular line item under a
construction contract with such general contractor, the general contractor will deduct the savings
on that line item and increase the general contractor fee line item by twenty-five percent of the
savings. The balance of the savings will be re-allocated to interest reserve, contingency or hard
cost line items after consent of the Administrative Agent pursuant to the requirements of this
Agreement.

     1.5. Borrower’s Deposit. If at any time Administrative Agent determines that the sum
of: (i) any unadvanced portion of the Loan to which Borrower is entitled, plus (ii) the portions
of the Aggregate Cost that are to be paid by Borrower from other funds that, to Administrative
Agent’s satisfaction, are available, set aside and committed, is or will be insufficient to pay
the actual unpaid Aggregate Cost, Borrower shall, within ten (10) days after written notice from
Administrative Agent, deposit with Administrative Agent the amount of the deficiency
(“Borrower’s Deposit”) in an interest-bearing account of Administrative Agent’s selection
with interest earned thereon to be part of Borrower’s Deposit. Such Borrower’s Deposit is hereby
pledged to Administrative Agent and Lenders as additional security for the Loan, and Borrower
hereby grants and conveys to Administrative Agent for the ratable benefit of Administrative Agent
and Lenders a security interest in all funds so deposited with Administrative Agent, as additional
security for the Loan. Administrative Agent may advance all or a portion of the Borrower’s Deposit
prior to the Loan Proceeds. Upon the occurrence of any Default by Borrower, Administrative Agent
may (but shall have no obligation to) apply all or any part of Borrower’s Deposit against the
unpaid Indebtedness in such order as Administrative Agent determines. Absent the existence of any
Default or the occurrence of any event which, upon the giving of notice or the passage of time
would become a Default, Borrower’s Deposit shall be used to pay amounts of any insufficiencies in
the Aggregate Cost.

     1.6. Evidence of Debt. Amounts of the Loan made by each Lender shall be evidenced by
one or more accounts or records maintained by such Lender and by the Administrative Agent in the
ordinary course of business. The accounts or records maintained by the Administrative Agent and
each Lender shall be conclusive absent manifest error of the amount of the Loan made by the
Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any
error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower
hereunder to pay any amount owing with respect to the Indebtedness. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of Administrative Agent
shall control in the absence of manifest error.

     1.7. Interest Rate.

          (a) The unpaid principal balance of this Loan from day to day outstanding which is not past
due, shall bear interest at a fluctuating rate of interest equal to the sum of (i) the greater of
(x) the BBA LIBOR Daily Floating Rate or (y) ONE HUNDRED AND FIFTY (150) basis points per annum
and (ii) FOUR HUNDRED AND FIFTY (450) basis points, until default (the “Applicable Rate”).
The “BBA LIBOR Daily Floating Rate” shall

PAGE 2

 

mean a fluctuating rate of interest equal to the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source providing quotations
of BBA LIBOR as selected by Administrative Agent from time to time) as determined for each Business
Day at approximately 11:00 a.m. London time two (2) London Banking Days prior to the date in
question, for U.S. Dollar deposits (for delivery on the first day of such interest period) with a
one month term, as adjusted from time to time in Administrative Agent’s sole discretion for reserve
requirements, deposit insurance assessment rates and other regulatory costs. If such rate is not
available at such time for any reason, then the rate will be determined by such alternative method
as reasonably selected by Administrative Agent. A “London Banking Day” is a day on which
banks in London are open for business and dealing in offshore dollars. Interest shall be computed
for the actual number of days which have elapsed, on the basis of a 360-day year. Interest shall
accrue from the date that funds are actually deposited into the Borrower’s account described in
Section 1.15 below or disbursed to a third party on behalf of the Borrower or in connection
with the construction and development of the Project.

          (b) If Administrative Agent determines that no adequate basis exists for
determining the
BBA LIBOR Daily Floating Rate or that the BBA LIBOR Daily Floating Rate will not adequately and
fairly reflect the cost to Lenders of funding the Loan, or that any applicable law or regulation
or compliance therewith by any Lender prohibits or restricts or makes impossible the charging of
interest based on the BBA LIBOR Daily Floating Rate and such Lender so notifies Administrative
Agent and Borrower, then until Administrative Agent notifies Borrower that the circumstances
giving rise to such suspension no longer exist, interest shall accrue and be payable on the unpaid
principal balance of this Loan from the date Administrative Agent so notifies Borrower until the
Maturity Date of this Loan (whether by acceleration, declaration, extension or otherwise) at a
fluctuating and per annum rate of interest equal to the sum of 1.75% plus the greater of (1) the
Prime Rate of Administrative Agent; and (2) 4.25%. Each Lender agrees to designate a different
Lending Office if such designation will avoid the need for such notice and will not, in the good
faith judgment of such Lender, otherwise be materially disadvantageous to such Lender. Each time
the Prime Rate changes, the per annum rate of interest on this Loan shall change immediately and
contemporaneously with such change in the Prime Rate. If Administrative Agent (including any
subsequent Administrative Agent) ceases to exist or to establish or publish a prime rate from
which the Prime Rate is then determined, the applicable variable rate from which the Prime Rate is
determined thereafter shall be instead the prime rate reported in The Wall Street Journal
(or the average prime rate if a high and a low prime rate are therein reported), and the Prime
Rate shall change without notice with each change in such prime rate as of the date such change is
reported.

     1.8. Past Due Rate. If any amount payable by Borrower under any Loan Document is not
paid when due (without regard to any applicable grace periods), such amount shall thereafter bear
interest at a fluctuating interest rate per annum at all times equal to the Past Due Rate (as
defined herein) to the fullest extent permitted by applicable law. Accrued and unpaid interest on
past due amounts (including interest on past due interest) shall be due and payable on demand, at
a rate per annum equal to the Applicable Rate plus FOUR HUNDRED (400) basis points (the “Past
Due Rate”).

     1.9. Prepayment. Borrower may prepay the principal balance of this Loan, in full at
any time or in part from time to time, without fee, premium or penalty, provided that: (a)
Administrative Agent shall have actually received from Borrower prior written notice of (i)
Borrower’s intent to prepay, (ii) the amount of principal which will be prepaid (the “Prepaid
Principal”), and (iii) the date on which the prepayment will be made; (b) each prepayment
shall be in an amount of One Thousand and No/100 Dollars ($1,000.00) or a larger integral multiple
of One Thousand and No/100 Dollars ($1,000.00) (unless the prepayment retires the outstanding
balance of this Loan in full); and (c) each prepayment shall be in the amount of 100% of the
Prepaid Principal, plus accrued unpaid interest thereon to the date of prepayment, plus any other
sums which have become due to Administrative Agent and Lenders under the Loan Documents on or
before the date of prepayment but have not been paid. If this Loan is prepaid in full, any
commitment of Lenders for further advances shall automatically terminate.

     1.10. Consequential Loss. Within fifteen (15) days after request by any Lender (or at
the time of any prepayment), Borrower shall pay to such Lender such amount or amounts as will
compensate such Lender for any reasonable loss, cost, expense, penalty, claim or liability,
including any loss incurred in obtaining, prepaying, liquidating or employing deposits or other
funds from third parties and any loss of revenue, profit or yield, as determined by such Lender in
its judgment reasonably exercised (together, “Consequential Loss”) incurred by such Lender
with respect to any LIBOR Rate as a result of: (a) the failure of Borrower to make payments on the
date

PAGE 3

 

specified under this Agreement or in any notice from Borrower to Administrative Agent; (b) the
failure of Borrower to borrow, continue or convert into LIBOR Rate Principal on the date or in the
amount specified in a notice given by Borrower to Administrative Agent pursuant to this Agreement;
(c) the early termination of any Interest Period for any reason; or (d) the payment or prepayment
of any amount on a date other than the date such amount is required or permitted to be paid or
prepaid, whether voluntarily or by reason of acceleration, including, but not limited to,
acceleration upon any transfer or conveyance of any right, title or interest in the Property giving
Administrative Agent on behalf of Lenders the right to accelerate the maturity of the Loan as
provided in the Mortgage. The foregoing notwithstanding, the amounts of the Consequential Loss
shall never be less than zero or greater than what is permitted by applicable Law. If any
Consequential Loss will be due, the Lender shall deliver to Borrower a notice as to the amount of
the Consequential Loss, which notice shall be conclusive in the absence of manifest error. Neither
Administrative Agent nor the Lenders shall have any obligation to purchase, sell and/or match funds
in connection with the funding or maintaining of the Loan or any portion thereof. The obligations
of Borrower under this Section shall survive any termination of the Loan Documents and payment of
the Loan and shall not be waived by any delay by Administrative Agent or Lenders in seeking such
compensation.

     1.11. Late Charge. If Borrower shall fail to make any payment due hereunder or under
the terms of any Note within fifteen (15) days after the date such payment is due, Borrower shall
pay to the applicable Lender or Lenders on demand a late charge equal to four percent (4%) of such
payment. Such fifteen (15) day period shall not be construed as in any way extending the due date
of any payment. The “late charge” is imposed for the purpose of defraying the expenses of a Lender
incident to handling such defaulting payment. This charge shall be in addition to, and not in lieu
of, any other remedy Lenders may have and is in addition to any fees and charges of any agents or
attorneys which Administrative Agent or Lenders may employ upon the occurrence of a Default,
whether authorized herein or by Law.

     1.12. Taxes.

          (a) Any and all payments by Borrower to or for the account of Administrative Agent or any
Lender under any Loan Document shall be made free and clear of and without deduction for any and
all present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings
or similar charges, and all liabilities with respect thereto, excluding, in the case of
Administrative Agent and any Lender, taxes imposed on or measured by its net income, and franchise
taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political
subdivision thereof) under the Laws of which Administrative Agent or such Lender, as the case may
be, is organized or maintains a Lending Office (all such non-excluded taxes, duties, levies,
imposts, deductions, assessments, fees, withholdings or similar charges, and liabilities being
hereinafter referred to as “Taxes”). If Borrower shall be required by any Laws to deduct
any Taxes from or in respect of any sum payable under any Loan Document to Administrative Agent or
any Lender, (i) the sum payable shall be increased as necessary so that after making all required
deductions (including deductions applicable to additional sums payable under this Section),
Administrative Agent and such Lender receives an amount equal to the sum it would have received
had no such deductions been made, (ii) Borrower shall make such deductions, (iii) Borrower shall
pay the full amount deducted to the relevant taxation authority or other authority in accordance
with applicable Laws, and (iv) within 30 days after the date of such payment, Borrower shall
furnish to Administrative Agent (which shall forward the same to such Lender) the original or a
certified copy of a receipt evidencing payment thereof.

          (b) In addition, Borrower agrees to pay any and all present or future stamp, court or
documentary taxes and any other excise or property taxes or charges or similar levies which arise
from any payment made under any Loan Document or from the execution, delivery, performance,
enforcement or registration of, or otherwise with respect to, any Loan Document (hereinafter
referred to as “Other Taxes”).

          (c) If Borrower shall be required by the Laws of any jurisdiction outside the United States
to deduct any Taxes or Other Taxes from or in respect of any sum payable under any Loan Document
to Administrative Agent or any Lender, Borrower shall also pay to Administrative Agent (for the
account of such Lender) or to such Lender, at the time interest is paid, such additional amount
that such Lender specifies is necessary to preserve the after-tax yield (after factoring in United
States (federal and state) taxes imposed on or measured by net income) the Lender would have
received if such deductions (including deductions applicable to additional sums payable under this
Section) had not been made.

PAGE 4

 

          (d) Borrower agrees to indemnity Administrative Agent and each Lender for the full amount of
Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction
on amounts payable under this Section) paid by Administrative Agent and such Lender and any
liability (including penalties, interest and expenses) arising therefrom or with respect thereto,
in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted
by the relevant Tribunal. Payment under this subsection (d) shall be made within 30 days after the
date the Lender or the Administrative Agent makes a demand therefor.

          (e) Without prejudice to the survival of any other agreement of Borrower hereunder, the
agreements and obligations of Borrower contained in this Section shall survive the termination of
the Commitments and the payment in full of all the other Indebtedness.

     1.13. Payment Schedule and Maturity Date.

          1.13.1 Accrued and unpaid interest shall be due and payable commencing on May 15, 2010 and on
the 15th day of each succeeding month thereafter until all principal and accrued interest owning on
the Loan shall have been fully paid and satisfied.

          1.13.2 Commencing on the 15th day of the first calendar month
following the first
payment of rent by Skechers pursuant to the Lease and continuing on the 15th day of each
and every calendar month thereafter until the Loan has been repaid in full, Borrower shall make
principal payments in an amount derived assuming a thirty (30) year amortization and interest at
the rate of the greater of eight percent (8%) per annum or the rate then paid on ten (10) year
Treasury Notes, plus TWO HUNDRED AND FIFTY (250) basis points; provided, that on the Maturity Date
the entire principal balance of the Loan then unpaid and all accrued interest then unpaid shall be
finally due and payable. It is acknowledged and agreed that the interest rate set forth in this
Section 1.13.2 shall not be the interest rate under the Loan (which interest rate is set forth in
Section 1.7 above), but rather shall be used solely for the determination of the amount of
each principal payment to be made pursuant to this Section 1.13.2).

          1.13.3 Administrative Agent shall grant a request by Borrower to extend the Maturity Date of
the Loan to October 30, 2012 (the “Extended Maturity
Date”), upon and subject
to the following terms and conditions:

          (a) Basic Conditions. Unless otherwise agreed by Administrative Agent with
the consent of
all Lenders in writing:

          (i) Borrower shall request the extension, if at all, by written
notice to
Administrative Agent not more than one hundred twenty (120) days, and not less than sixty
(60) days, prior to the Maturity Date.

          (ii) At the time of the request, the construction of the Improvements shall have been
completed in accordance with the requirements of the Loan Documents, an unconditional
certificate of occupancy (or local equivalent) shall have been issued for the Improvements
by the applicable governmental authority with jurisdiction over the Property, and all
conditions to the final disbursement shall have been satisfied.

          (iii) At the time of the request, and at the time of the extension, there shall not
exist any default, nor any condition or state of facts which after notice and/or lapse of
time would constitute a Default under any Loan Document.

          (iv) Current Financial Statements regarding Borrower and TG Development (dated not
earlier than thirty (30) days prior to the request for extension) and all other financial
statements and other information as may be required under the Loan Documents regarding
Borrower, TG Development and the Property, shall have been submitted promptly to
Administrative Agent, and there shall not have occurred, in the opinion of Administrative
Agent, any material adverse change in the business or financial condition of Borrower or
any Guarantor or Skechers, or in the Property or in any other state of facts submitted to
Administrative Agent in connection with the Loan Documents, from that which existed on the
date of this Agreement.

PAGE 5

 

          (v) Whether or not the extension becomes effective, Borrower shall pay all
out-of-pocket costs and expenses incurred by Administrative Agent and Lenders in connection with
the proposed extension (pre- and post-closing), including, without limitation, appraisal
fees, environmental audit and reasonable legal fees; all such costs and expenses incurred
up to the time of Lenders’ written agreement to the extension shall be due and payable
prior to Lenders’ execution of that agreement (or if the proposed extension does not become
effective, then upon demand by Administrative Agent), and any future failure to pay such
amounts shall constitute a default under the Loan Documents.

          (vi) All applicable regulatory requirements, including appraisal requirements, shall
have been satisfied with respect to the extension.

          (vii) Not later than the Maturity Date, (A) the extension shall have been consented to
and documented to Administrative Agent and Lenders’ satisfaction by Borrower, each
Guarantor, Lenders, and all other parties deemed necessary by Administrative Agent (such as
any permitted subordinate lienholders); (B) Administrative Agent shall have been provided
with an updated title report and judgment and lien searches, and appropriate title
insurance endorsements shall have been issued as required by Administrative Agent; and (C)
Borrower shall have paid to Administrative Agent for the pro rata benefit of Lenders a
non-refundable extension fee in the amount of Twenty Five Thousand and No/100 Dollars
($25,000.00).

          (viii) At the time of such extension, the Property shall have a Loan to Value Ratio
(as hereinafter defined) of not greater than fifty-eight percent (58%), which Loan to Value
Ratio shall be calculated as follows: the outstanding principal balance and accrued but
unpaid interest on the Loan as of the date of the determination of the ratio shall be
divided by the appraised “As-Is” value of the Property. The appraised “As-Is” value
of the Property shall be based upon Administrative Agent’s existing appraisal of the
Property, or, at Administrative Agent’s election (in its sole discretion), an updated
appraisal, prepared by an appraiser acceptable to Administrative Agent at Borrower’s
expense, and satisfactory to Administrative Agent in all respects, as reviewed, adjusted
and approved by Administrative Agent. In the event this Loan to Value Ratio is not met,
Borrower may satisfy this Loan to Value Ratio prior to the extension date by either (A)
making a principal curtailment on the Loan in an amount sufficient to bring this Loan to
Value Ratio into compliance and/or (B) provide additional collateral acceptable to
Administrative Agent, which shall have value (as determined by Administrative Agent) which
when added to the Property value is sufficient to satisfy this Loan to Value Ratio.

          (ix) At the time of such extension, Skechers shall have taken occupancy of the
Improvements and commenced to pay rent under the Lease

          (x) At the time of such extension, Borrower shall satisfy a Debt Service Coverage
Ratio (as hereinafter defined) as determined by Administrative Agent for the preceding
twelve (12) month period of at least 1.40 to 1.00, which Debt Service Coverage Ratio shall
be calculated by dividing the cash flow for the preceding twelve (12) month period (the
“Determination Period”) by the amount of the debt service payments in the amount
calculated assuming a thirty (30) year amortization and interest at the rate of the greater
of eight percent (8%) per annum or the rate then paid on ten (10) year Treasury Notes, plus
TWO HUNDRED AND FIFTY (250) basis points. For the purposes hereof, “cash flow”
shall be defined as net income of Borrower after provision for approved operating expenses
and state and federal income taxes, increased by the amount of depreciation, amortization
and other non-cash charges, if any. In the event that Skechers has not been in possession
of the Improvements and paying rent during the entirety of the Determination Period, then
the following shall apply: (a) cash flow for that period of time during the Determination
Period during which Skechers has been paying rent shall be annualized (e.g., if one month,
then such cash flow shall be multiplied by 12, if three months, then such cash flow shall
be multiplied by 4, etc.); and (b) any and all expenses which may not occur on a monthly
basis (e.g., payment of real estate taxes and insurance premiums) shall also be annualized.

If all of the foregoing conditions are not satisfied strictly in accordance with their terms, the
extension shall not be or become effective.

PAGE 6

 

          (b) No Changes in Loan Terms. All terms and conditions of the Loan
Documents shall
continue to apply to the extended term except that the Maturity Date shall mean the Extended
Maturity Date.

     1.14. Certain Provisions Regarding Payments. All payments made as scheduled on the
Loan shall be applied, to the extent thereof, to late charges, to accrued but unpaid interest,
unpaid principal, and any other sums due and unpaid to Administrative Agent under the Loan
Documents, in such manner and order as Administrative Agent may elect in its sole discretion. All
permitted prepayments on the Loan shall be applied, to the extent thereof, to accrued but unpaid
interest on the amount prepaid, to the remaining principal installments, and any other sums due and
unpaid to Administrative Agent under the Loan Documents, in such manner and order as Administrative
Agent may elect in its sole discretion, including but not limited to application to principal
installments in inverse order of maturity. Except to the extent that specific provisions are set
forth in this Agreement or another Loan Document with respect to application of payments, all
payments received by Administrative Agent shall be applied, to the extent thereof, to the
indebtedness secured by the Mortgage in such manner and order as Administrative Agent may elect in
its sole discretion, any instructions from Borrower or anyone else to the contrary notwithstanding.
Remittances in payment of any part of the indebtedness other than in the required amount in
immediately available U.S. funds shall not, regardless of any receipt or credit issued therefor,
constitute payment until the required amount is actually received by Administrative Agent in
immediately available U.S. funds and shall be made without offset, demand, counterclaim, deduction,
or recoupment (each of which is hereby waived) and accepted subject to the condition that any check
or draft may be handled for collection in accordance with the practice of the collecting bank or
banks. Acceptance by the Administrative Agent of any payment in an amount less than the amount then
due on any indebtedness shall be deemed an acceptance on account only, notwithstanding any notation
on or accompanying such partial payment to the contrary, and shall not in any way excuse the
existence of a Default. Payments received after 2:00 p.m. shall be deemed to be received on, and
shall be posted as of, the following Business Day. Whenever any payment under this Agreement or any
other Loan Document falls due on a day which is not a Business Day, such payment may be made on the
next succeeding Business Day.

     1.15. Advances and Payments.

          (a) Following receipt of a Draw Request, Administrative Agent shall promptly provide each
Lender with a copy of the Draw Request Form in the form of Exhibit “F-1”, the related AIA
Document G-702 and G-703, the related written certification by Borrower’s Architect and if
available the related written certification of the Construction Consultant. Administrative Agent
shall notify each Lender telephonically (with confirmation by facsimile or electronic mail), by
facsimile (with confirmation by telephone or electronic mail) or by electronic mail (with
confirmation by telephone or facsimile) not later than 1:00 p.m. Administrative Agent’s Time two
(2) Business Days prior to the advance Funding Date for LIBOR Rate Principal advances, and one (1)
Business Day prior to the advance Funding Date for all other advances, of its Pro Rata Share of
the amount Administrative Agent has determined shall be advanced in connection therewith
(“Advance Amount”). In the case of an advance of the Loan, each Lender shall make the
funds for its Pro Rata Share of the Advance Amount available to Administrative Agent not later
than 11:00 a.m. Administrative Agent’s Time on the Funding Date thereof. After Administrative
Agent’s receipt of the Advance Amount from Lenders, Administrative Agent shall make proceeds of
the Loan in an amount equal to the Advance Amount (or, if less, such portion of the Advance Amount
that shall have been paid to Administrative Agent by Lenders in accordance with the terms hereof)
available to Borrower on the applicable Funding Date by advancing such funds to Borrower in
accordance with the provisions of Exhibit “F”.

          (b) All payments by Borrower shall be made without condition or deduction for any
counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all
payments by Borrower hereunder shall be made to Administrative Agent not later than 12:00 p.m.
(Administrative Agent’s Time) on the date specified herein. Administrative Agent shall distribute
to each Lender such funds as such Lender may be entitled to receive hereunder (i) on or before
3:00 p.m. (Administrative Agent’s Time) on the day Administrative Agent receives such funds, if
Administrative Agent has received such funds on or before 12:00 p.m. (Administrative Agent’s
Time), or (ii) on or before 12:00 p.m. (Administrative Agent’s Time) on the Business Day following
the day Administrative Agent receives such funds, if Administrative Agent receives such funds
after 12:00 p.m. (Administrative Agent’s Time). If Administrative Agent fails to timely pay any
amount to any Lender in accordance with this subsection, Administrative Agent shall pay to such
Lender interest at the Federal Funds Rate on such amount, for each day from the day such amount
was to be paid until it is paid to such Lender (any such interest paid shall not be chargeable to
Borrower).

PAGE 7

 

          (c) Except as otherwise provided herein, all payments by Borrower or any Lender shall be made
to Administrative Agent at Administrative Agent’s Office not later than the time for such type of
payment specified in this Agreement. All payments received after such time shall be deemed received
on the next succeeding Business Day. All payments shall be made in immediately available funds in
lawful money of the United States of America.

          (d) Upon satisfaction of any applicable terms and conditions set forth herein, Administrative
Agent shall promptly make any amounts received in accordance with the prior subsection available in
like funds received as follows: (i) if payable to Borrower, in accordance with Exhibit “F”,
except as otherwise specified herein, and (ii) if payable to any Lender, by wire transfer to such
Lender at the address specified in the Schedule of Lenders.

          (e) Except as otherwise provided in Exhibit “K” with respect to Borrower reimbursing
drawings under Letters of Credit, unless Borrower or any Lender has notified Administrative Agent,
prior to the date any payment is required to be made by it to Administrative Agent, that Borrower
or such Lender, as the case may be, will not make such payment, Administrative Agent may assume
that Borrower or such Lender, as the case may be, has timely made such payment and may (but shall
not be required to do so) in reliance thereon, make available a corresponding amount to the person
or entity entitled thereto. If and to the extent that such payment was not in fact made to
Administrative Agent in immediately available funds, then:

          (i) if Borrower failed to make such payment, each Lender shall forthwith on
demand repay to Administrative Agent the portion of such assumed payment that was made
available to such Lender in immediately available funds, together with interest thereon in
respect of each day from and including the date such amount was made available by
Administrative Agent to such Lender to the date such amount is repaid to Administrative
Agent in immediately available funds at the Federal Funds Rate from time to time in
effect; and

          (ii) if any Lender failed to make such payment, such Lender or, if
applicable,
Electing Lender or Lenders shall forthwith on demand pay to Administrative Agent the amount
thereof in immediately available funds, together with interest thereon for the period from
the date such amount was made available by Administrative Agent to Borrower to the date
such amount is recovered by Administrative Agent (the “Compensation Period”) at a
rate per annum equal to the interest rate applicable to such amount under the Loan. If such
Lender pays such amount to Administrative Agent, then such amount shall constitute such
Lender’s Pro Rata Share, included in the applicable Loan advance. If such Lender does not
pay such amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent
may make a demand therefor upon Borrower, and the Borrower shall pay such amount to
Administrative Agent, together with interest thereon for the Compensation Period at a rate
per annum equal to the non-default rate of interest applicable to such amount under the
Loan. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill
its Commitment or to prejudice any rights which Administrative Agent or Borrower may have
against any Lender as a result of any default by such Lender hereunder.

     A notice of the Administrative Agent to any Lender or to Borrower with respect to any amount
owing under this subsection shall be conclusive, absent manifest error.

          (f) If any Lender makes available to the Administrative Agent funds for any Loan advance to
be made by such Lender as provided in the foregoing provisions of this Section, and the funds are
not advanced to Borrower or otherwise used to satisfy any Obligations of such Lender hereunder,
the Administrative Agent shall return such funds (in like funds as received from such Lender) to
such Lender, without interest.

          (g) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan
advance in any particular place or manner or to constitute a representation by any Lender that it
has obtained or will obtain the funds for any Loan advance in any particular place or manner.

          (h) Conditions to Initial Advance of Loan Proceeds. The following are conditions
precedent to Administrative Agent and Lenders’ obligation to make the Initial Advance of Loan
Proceeds to Borrower

PAGE 8

 

hereunder and are in addition to any other conditions for advances and for the Initial Advance of
Loan Proceeds set forth in this Agreement, including, but not limited to, those contained in
Exhibit F of this Agreement:

          (i) Permits. Borrower, Administrative Agent and Lenders acknowledge
that as of the
date hereof, Borrower has not yet obtained from the applicable governmental authorities
the permits that are required for the construction of the Improvements. Borrower agrees
that Administrative Agent and Lenders shall have no obligation to make an Initial Advance
of Loan Proceeds unless and until Borrower has obtained all permits required for the
construction of the Improvements and has provided true and correct copies of such valid
building permits for the Improvements, acceptable to the Administrative Agent in its sole
discretion, together with all other consents, licenses, permits and approvals necessary
for construction of the Improvements, all in assignable form (to the extent appropriate)
and in full force and effect.

          (ii) Relocation and/or Release of Utility Easements. Borrower, Administrative
Agent and Lenders acknowledge that the Property is currently encumbered by certain utility
easements (collectively, the “Utility Easements”) in favor of each of Southern
California Edison Company (as successor to Nevada-California Electric Corporation and
California Electric Power Company) (“SCE”) and the Eastern Municipal Water District
(the “EMWD”, and collectively with SCE, the “Grantees”) as more
specifically set forth in Preliminary Report NCS-413199A issued by the Title Company.
Borrower, Administrative Agent and each Lender also acknowledge that the Improvements are
intended to be constructed over portions of the Property that are subject to the Utility
Easements and that Borrower intends either to cause the Grantees to release the Utility
Easements or to relocate them so that once constructed the Improvements will not encroach
upon those portions of the Property encumbered by the Utility Easements or violate the
terms or conditions of the Utility Easements. Borrower agrees that Administrative Agent and
Lenders shall have no obligation to make an Initial Advance of Loan Proceeds hereunder
unless and until (i) the Utility Easements have been released by the Grantees or relocated
by the Grantees in a manner approved of by Administrative Agent in its sole and absolute
discretion; (ii) executed and recorded copies of all instruments effecting such release or
relocation (as applicable) have been provided to Administrative Agent; (iii) Borrower has
provided to Administrative Agent, at no cost to Administrative Agent, (a) an updated survey
of the Property reflecting the release or relocation of the Utility Easements and (b) such
endorsements to its policy of Title Insurance, required by, and acceptable to,
Administrative Agent in its sole discretion, including, but not limited to an unmodified
Form 103.3 endorsement and an endorsement reflecting the release of the Utility Easements
or the relocation of same in the manner approved by Administrative Agent.

          (iii) Recordation of Final Map. Borrower agrees that Administrative Agent and
Lenders shall have no obligation to make the Initial Advance of Loan Proceeds unless and
until (A) the Final Map, as such term is defined in the Section 6.24 of the Mortgage, is
approved by the City and recorded in the Official Records of Riverside County, California
and a copy of such recorded Final Map is provided to Administrative Agent; and (B)
Administrative Agent and Lenders are provided with the items specifically set forth in
Section 6.24 of the Mortgage.

     1.16. Administrative Agent Advances.

          (a) Administrative Agent is authorized, from time to time, in Administrative Agent’s sole
discretion to make, authorize or determine advances of the Loan, or otherwise expend funds, on
behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees and
expenses as described in Section 6.10 herein, (ii) when the applicable conditions
precedent set forth in Exhibit “C” and Exhibit “F” have been satisfied to the
extent required by Administrative Agent, and (iii) when Administrative Agent deems necessary or
desirable to preserve or protect the Loan collateral or any portion thereof (including those with
respect to property taxes, insurance premiums, completion of construction, operation, management,
improvements, maintenance, repair, sale and disposition) (A) subject to Section 5.5, after
the occurrence of a Default, and (B) subject to Section 5.10, after acquisition of all or
a portion of the Loan collateral by foreclosure or otherwise.

          (b) Administrative Agent Advances shall constitute obligatory advances of Lenders under this
Agreement, shall be repayable on demand and secured by the Loan collateral, and if unpaid by
Lenders as set forth below shall bear interest at the rate applicable to such amount under the
Loan or if no longer applicable, at the

PAGE 9

 

Base Rate. Administrative Agent shall notify each Lender in writing of each Administrative Agent
Advance. Upon receipt of notice from Administrative Agent of its making of an Administrative Agent
Advance, each Lender shall make the amount of such Lender’s Pro Rata Share of the outstanding
principal amount of the Administrative Agent Advance available to Administrative Agent, in same day
funds, to such account of Administrative Agent as Administrative Agent may designate, (i) on or
before 3:00 p.m. (Administrative Agent’s Time) on the day Administrative Agent provides Lenders
with notice of the making of such Administrative Agent Advance if Administrative Agent provides
such notice on or before 12:00 p.m. (Administrative Agent’s Time), or (ii) on or before 12:00 p.m.
on the Business Day immediately following the day Administrative Agent provides Lenders with notice
of the making of such advance if Administrative Agent provides notice after 12:00 p.m.
(Administrative Agent’s Time).

     1.17. Defaulting Lender.

          1.17.1
Notice and Cure of Lender Default; Election Period: Electing Lenders.
Administrative Agent shall notify (such notice being referred to as the “Default Notice”)
Borrower (for Loan advances) and each non-Defaulting Lender if any Lender is a Defaulting Lender.
Each non-Defaulting Lender shall have the right, but in no event or under any circumstance the
obligation, to fund such Defaulting Lender Amount, provided that within twenty (20) days
after the date of the Default Notice (the “Election Period”), such non-Defaulting Lender
or Lenders (each such Lender, an “Electing Lender”) irrevocably commit(s) by notice in
writing (an “Election Notice”) to Administrative Agent, the other Lenders and Borrower to
fund the Defaulting Lender Amount and to assume the Defaulting Lender’s obligations with respect
to the advancing of the entire undisbursed portion of the Defaulting Lender’s principal
obligations under this Agreement (such entire undisbursed portion of the Defaulting Lender’s
principal obligations under this Agreement, including its portion of the Payment Amount that is
the subject of the default, is hereinafter referred to as the “Defaulting Lender
Obligation”). If Administrative Agent receives more than one Election Notice within the
Election Period, then the commitment to fund the Defaulting Lender Amount and the Defaulting
Lender Obligation shall be apportioned pro rata among the Electing Lenders in the proportion that
the amount of each such Electing Lender’s Commitment bears to the total Commitments of all
Electing Lenders. If the Defaulting Lender fails to pay the Defaulting Lender Payment Amount
within the Election Period, the Electing Lender or Lenders, as applicable, shall be automatically
obligated to fund the Defaulting Lender Amount and Defaulting Lender Obligation (and Defaulting
Lender shall no longer be entitled to fund such Defaulting Lender Amount and Defaulting Lender
Obligation) within three (3) Business Days following the expiration of the Election Period to
reimburse Administrative Agent or make payment to Borrower, as applicable. Notwithstanding
anything to the contrary contained herein, if Administrative Agent has funded the Defaulting
Lender Amount, Administrative Agent shall be entitled to reimbursement for its portion of the
Defaulting Lender Payment Amount pursuant to Section 5.11.

          1.17.2 Removal of Rights; Indemnity. Administrative Agent shall not be obligated to
transfer to a Defaulting Lender any payments made by or on behalf of Borrower to Administrative
Agent for the Defaulting Lender’s benefit; nor shall a Defaulting Lender be entitled to the
sharing of any payments hereunder or under any Note until all Defaulting Lender Payment Amounts
are paid in full. Amounts payable to a Defaulting Lender shall be paid by Administrative Agent to
reimburse Administrative Agent and any Electing Lender pro rata for all Defaulting Lender Payment
Amounts. Solely for the purposes of voting or consenting to matters with respect to the Loan
Documents, a Defaulting Lender shall be deemed not to be a “Lender” and such Defaulting Lender’s
Commitment shall be deemed to be zero. A Defaulting Lender shall have no right to participate in
any discussions among and/or decisions by Lenders hereunder and/or under the other Loan Documents.
Further, any Defaulting Lender shall be bound by any amendment to, or waiver of, any provision of,
or any action taken or omitted to be taken by Administrative Agent and/or the non-Defaulting
Lenders under, any Loan Document which is made subsequent to the Defaulting Lender’s becoming a
Defaulting Lender. This Section shall remain effective with respect to a Defaulting Lender until
such time as the Defaulting Lender shall no longer be in default of any of its obligations under
this Agreement by curing such default by payment of all Defaulting Lender Payment Amounts (i)
within the Election Period, or (ii) after the Election Period with the consent of the
non-Defaulting Lenders. Such Defaulting Lender nonetheless shall be bound by any amendment to or
waiver of any provision of, or any action taken or omitted to be taken by Administrative Agent
and/or the non-Defaulting Lenders under any Loan Document which is made subsequent to that
Lender’s becoming a Defaulting Lender and prior to such cure or waiver. The operation of this
subsection or the subsection above alone shall not be construed to increase or otherwise affect
the Commitment of any non-Defaulting Lender, or relieve or excuse the performance by Borrower of
their duties and

PAGE 10

 

obligations hereunder or under any of the other Loan Documents. Furthermore, nothing contained in
this Section shall release or in any way limit a Defaulting Lender’s obligations as a Lender
hereunder and/or under any other of the Loan Documents. Further, a Defaulting Lender shall
indemnify and hold harmless Administrative Agent and each of the non-Defaulting Lenders from any
claim, loss, or costs incurred by Administrative Agent and/or the non-Defaulting Lenders as a
result of a Defaulting Lender’s failure to comply with the requirements of this Agreement,
including, without limitation, any and all additional losses, damages, costs and expenses
(including, without limitation, attorneys’ fees) incurred by Administrative Agent and any
non-Defaulting Lender as a result of and/or in connection with (i) a non-Defaulting Lender’s acting
as an Electing Lender, (ii) any enforcement action brought by Administrative Agent against a
Defaulting Lender, and (iii) any action brought against Administrative Agent and/or Lenders. The
indemnification provided above shall survive any termination of this Agreement.

          1.17.3 Commitment Adjustments. In connection with the adjustment of the amounts of
the Loan Commitments of the Defaulting Lender and Electing Lender(s) upon the expiration of the
Election Period as aforesaid, Borrower, Administrative Agent and Lenders shall execute such
modifications to the Loan Documents as shall, in the reasonable judgment of Administrative Agent,
be necessary or desirable in connection with the adjustment of the amounts of Commitments in
accordance with the foregoing provisions of this Section. For the purpose of voting or consenting
to matters with respect to the Loan Documents such modifications shall also reflect the removal of
voting rights of the Defaulting Lender and increase in voting rights of Electing Lenders to the
extent an Electing Lender has funded the Defaulting Lender Amount and assumed the Defaulting
Lender Obligation. In connection with such adjustments, Defaulting Lenders shall execute and
deliver an Assignment and Assumption covering that Lender’s Commitment and otherwise comply with
Section 6.5. If a Lender refuses to execute and deliver such Assignment and Assumption or
otherwise comply with Section 6.5, such Lender hereby appoints Administrative Agent to do
so on such Lender’s behalf. Administrative Agent shall distribute an amended Schedule of Lenders,
which shall thereafter be incorporated into this Agreement, to reflect such adjustments. However,
all such Defaulting Lender Amounts and Defaulting Lender Obligation funded by Administrative Agent
or Electing Lenders shall continue to be Defaulting Lender Amounts of the Defaulting Lender
pursuant to its obligations under this Agreement.

          1.17.4 No Election. In the event that no Lender elects to commit to fund the
Defaulting Lender Amount and Defaulting Lender Obligations within the Election Period,
Administrative Agent shall, upon the expiration of the Election Period, so notify Borrower and
each Lender.

     1.18.
Several Obligations; No Liability, No Release. Notwithstanding that certain of
the Loan Documents now or hereafter may have been or will be executed only by or in favor of
Administrative Agent in its capacity as such, and not by or in favor of Lenders, any and all
obligations on the part of Administrative Agent (if any) to make any advances of the Loan or
reimbursements for other Payment Amounts shall constitute the several (and not joint) obligations
of the respective Lenders on a ratable basis, according to their respective Pro Rata Shares.
Except as may be specifically provided in this Agreement, no Lender shall have any liability for
the acts of any other Lender. No Lender shall be responsible to Borrower or any other person for
any failure by any other Lender to fulfill its obligations to make advances of the Loan or
reimbursements for other Payment Amounts, nor to take any other action on its behalf hereunder or
in connection with the financing contemplated herein. The failure of any Lender to pay to
Administrative Agent its Pro Rata Share of a Payment Amount shall not relieve any other Lender of
any obligation hereunder to pay to Administrative Agent its Pro Rata Share of such Payment Amounts
as and when required herein, but no Lender shall be responsible for the failure of any other
Lender to so fund its Pro Rata Share of the Payment Amount. In furtherance of the foregoing,
Lenders shall comply with their obligation to pay Administrative Agent their Pro Rata Share of
such Payment Amounts regardless of (i) the occurrence of any Default hereunder or under any Loan
Document; (ii) any failure of consideration, absence of consideration, misrepresentation, fraud,
or any other event, failure, deficiency, breach or irregularity of any nature whatsoever in the
Loan Documents; or (iii) any bankruptcy, insolvency or other like event with regard to Borrower or
any Guarantor. The obligation of Lenders to pay to such Payment Amounts are in all regards
independent of any claims between Administrative Agent and any Lender.

     1.19. Replacement of Lenders. If any Lender is a Defaulting Lender, Borrower may,
upon notice to such Lender and the Administrative Agent, replace such Lender by causing such
Lender to assign its Commitment with the payment of any assignment fee by the replaced Lender to
one or more other lenders or Eligible Assignees

PAGE 11

 

acceptable
to Borrower, the Administrative Agent and the L/C Issuer. Borrower shall or shall cause
the replacement lender to (subject to the provisions of Section 1.14 through 1.15 providing
for payment of all Defaulting Lender Payment Amounts to Administrative Agent and/or Electing
Lenders, as applicable, prior to payment of amounts due to a Defaulting Lender), (x) pay in full
all principal, interest, fees and other amounts owing to such Lender through the date of
replacement, (y) provide appropriate assurances and indemnities (which may include letters of
credit) as such Lender may reasonably require with respect to such replaced Lender’s obligation to
fund its participation interest in any Letters of Credit then outstanding and (z) provide a release
of such Lender from its obligations under the Loan Documents. Any Lender being replaced shall
execute and deliver an Assignment and Assumption covering that Lender’s Commitment and otherwise
comply with Section 6.5. If a Lender being replaced refuses to execute and deliver such
Assignment and Assumption or otherwise comply with Section 6.5, such Lender hereby appoints
Administrative Agent to do so on such Lender’s behalf. Administrative Agent shall distribute an
amended Schedule of Lenders, which shall thereafter be incorporated into this Agreement, to reflect
adjustments to Lenders and their Commitments.

ARTICLE 2 — ADDITIONAL COVENANTS AND AGREEMENTS

     2.1. Construction of the Improvements. Borrower shall commence construction of the
Improvements on or before the Construction Commencement Date, and shall prosecute the construction
of the Improvements with diligence and continuity, in a good and workmanlike manner, and in
accordance with sound building and engineering practices, all applicable Laws and governmental
requirements, the Plans and the Loan Documents. Borrower shall not permit cessation of work for a
period in excess of ten (10) consecutive days, except for Excusable Delays. Borrower shall
complete construction of the Improvements free and clear of all liens (except liens created by the
Loan Documents), and shall obtain a certificate of occupancy and all other permits, licenses and
approvals from all applicable governmental authorities required for the occupancy, use and
operation of the Improvements, in each case satisfactory to Administrative Agent, on or before the
Completion Date. Borrower shall promptly after receiving knowledge of same, correct (a) any
material defect in the Improvements, (b) any material departure from the Plans, Law or
governmental requirements, or (c) any encroachment by any Improvements or structure on any
building setback line, easement, property line or restricted area.

     2.2. Plans and Changes. No construction shall be undertaken on the Land except as
shown in the Plans. Borrower assumes full responsibility for the compliance of the Plans and the
Property with all Laws, governmental requirements and sound building and engineering practices. No
plans or specifications, or any changes thereto, shall be included as part of the Plans until
approved by Administrative Agent, Construction Consultant, all applicable governmental
authorities, and all other parties required under the Loan Documents. Without Administrative
Agent’s prior written consent, Borrower shall not change or modify the Plans, agree to any change
order, or allow any extras to any contractor or any subcontractor, except that Borrower may make
Permitted Changes without such consent if: (a) Borrower notifies Administrative Agent in writing
of the change or extra with appropriate supporting documentation and information; (b) Borrower
obtains the approval of the applicable contractor, Borrower’s architect and all sureties; (c) the
structural integrity, quality and standard of workmanship of the Improvements is not impaired by
such change or extra; (d) no substantial change in architectural appearance is effected by such
change or extra; (e) no default in any obligation to any person or violation of any Law or
governmental requirement would result from such change or extra; (f) Borrower complies with
Section 1.5 of this Agreement to cover any excess cost resulting from the change or extra;
and (g) completion of the Improvements by the Completion Date will not be affected. Administrative
Agent shall not be obligated to review a proposed change unless it has received all documents
necessary to review such change, including the change order, cost estimates, plans and
specifications, and evidence that all required approvals other than that of Administrative Agent
have been obtained.

     2.3. Contracts. Without Administrative Agent’s prior written approval as to parties,
terms, and all other matters, Borrower shall not (a) enter into any Material Contract for the
performance of any work or the supplying of any labor, materials or services for the design or
construction of the Improvements, (b) enter into any management, leasing, maintenance or other
contract pertaining to the Property not described in clause (a) that is not unconditionally
terminable by Borrower or any successor owner without penalty or payment on not more than thirty
(30) days notice to the other party thereunder, or (c) modify, amend, or terminate any such
contracts. Administrative Agent hereby approves of the Development Management Services Agreement
dated January 30, 2010 entered into by HF Logistics-SKX, LLC, a Delaware limited liability company
and HFC Holdings, LLC, a Delaware limited liability company [as assigned by HF Logistics-SKX, LLC
to Borrower?]. All such contracts shall

PAGE 12

 

provide that all rights and liens of the applicable contractor, architect, engineer, supplier,
surveyor or other party and any right to remove removable Improvements are subordinate to Lender’s
rights and liens, shall require all subcontracts and purchase orders to contain a provision
subordinating the subcontractors’ and mechanics’ and materialmen’s liens and any right to remove
removable Improvements to Lender’s rights and liens, and shall provide that no change order shall
be effective without the prior written consent of Administrative Agent, except for change orders
which implement Permitted Changes. Borrower shall not default under any contract, Borrower shall
not permit any contract to terminate by reason of any failure of Borrower to perform thereunder,
and Borrower shall promptly notify Administrative Agent of any default thereunder. Borrower will
deliver to Administrative Agent, upon request of Administrative Agent, the names and addresses of
all persons or entities with whom each contractor has contracted for the construction of the
Improvements or for the furnishing of labor or materials therefor.

     2.4. Assignment of Contracts and Plans. As additional security for the Obligations,
Borrower hereby transfers and assigns to Administrative Agent for the ratable benefit of
Administrative Agent and Lenders and grants a security interest in all of Borrower’s right, title
and interest, but not its liability, in, under, and to all construction, architectural and design
contracts, and the Plans, and agrees that all of the same are covered by the security agreement
provisions of the Mortgage. Borrower agrees to deliver to Administrative Agent from time to time
upon Administrative Agent’s request such consents to the foregoing assignment from parties
contracting with Borrower as Administrative Agent may require. Neither this assignment nor any
action by Administrative Agent or Lenders shall constitute an assumption by Administrative Agent or
Lenders of any obligation under any such contract or with respect to the Plans, Borrower hereby
agrees to perform all of its obligations under any such contract, and Borrower shall continue to be
liable for all obligations of Borrower with respect thereto. Administrative Agent shall have the
right at any time (but shall have no obligation) to take in its name or in the name of Borrower
such action as Administrative Agent may determine to be necessary to cure any default under any
such contract or with respect to the Plans or to protect the rights of Borrower, Administrative
Agent or Lenders with respect thereto. Borrower irrevocably constitutes and appoints Administrative
Agent as Borrower’s attorney-in-fact, which power of attorney is coupled with an interest and
irrevocable, after a Default by Borrower under this Agreement to enforce in Borrower’s name or in
Administrative Agent’s and Lender’s name all rights of Borrower under any such contract or with
respect to the Plans. Administrative Agent shall incur no liability if any action so taken by it or
on its behalf shall prove to be inadequate or invalid. Borrower indemnifies and holds
Administrative Agent and Lenders harmless against and from any loss, cost, liability or expense
(including, but not limited to, consultants’ fees and expenses and attorneys’ fees and expenses)
incurred in connection with Borrower’s failure to perform such contracts or any action taken by
Administrative Agent or Lenders. Administrative Agent may use the Plans for any purpose relating to
the Improvements. Borrower represents and warrants to Administrative Agent and Lenders that the
copy of any contract furnished or to be furnished to Administrative Agent is and shall be a true
and complete copy thereof, that the copies of the Plans delivered to Administrative Agent are and
shall be true and complete copies of the Plans, that there have been no modifications thereof which
are not fully set forth in the copies delivered, and that Borrower’s interest therein is not
subject to any claim, setoff, or encumbrance.

     2.5. Storage of Materials. Borrower shall cause all materials supplied for or
intended to be utilized in the construction of the Improvements, but not yet affixed to or
incorporated into the Improvements or the Land, to be stored on the Land or at such other site as
Administrative Agent may approve, in each case with adequate safeguards to prevent loss, theft,
damage or commingling with materials for other projects. Borrower shall not purchase or order
materials for delivery more than sixty (60) days prior to the scheduled incorporation of such
materials into the Improvements without the prior approval of Administrative Agent, which will not
be unreasonably withheld (and in that regard, Administrative Agent shall give due consideration to
expected “lead times” for any such orders and potential cost savings resulting from early ordering
of materials).

     2.6. Construction Consultant. Administrative Agent may retain the services of a
Construction Consultant, whose duties may include, among others, reviewing the Plans and any
proposed changes to the Plans, performing construction cost analyses, observing work in place and
reviewing Draw Requests. The duties of Construction Consultant run solely to Administrative Agent
for the ratable benefit of Lenders, and Construction Consultant shall have no obligations or
responsibilities whatsoever to Borrower, Borrower’s architect, engineer, contractor or any of
their agents or employees. Unless prohibited by applicable Law, all fees, costs, and expenses of
Construction Consultant shall be paid by Borrower. Borrower shall cooperate with Construction
Consultant and will furnish to Construction Consultant such information and other material as
Construction Consultant considers necessary or useful in performing its duties.

PAGE 13

 

     2.7. Inspection. Administrative Agent and its agents, including Construction
Consultant, may enter upon the Property to inspect the Property, the Project and any materials at
any reasonable time, upon reasonable advance notice, unless Administrative Agent deems such
inspection is of an emergency nature, in which event Borrower shall provide Administrative Agent
with immediate access to the Property. Borrower will furnish to Administrative Agent and its
agents, including Construction Consultant, for inspection and copying, all Plans, shop drawings,
specifications, books and records, and other documents and information that Administrative Agent
may request from time to time.

     2.8. Notice to Lenders. Borrower shall promptly within five (5) days after Borrower
receives knowledge of the occurrence of any of the following events, notify each Lender in writing
thereof, specifying in each case the action Borrower has taken or will take with respect thereto:
(a) any violation of any Law or governmental requirement; (b) any litigation, arbitration or
governmental investigation or proceeding instituted or threatened against Borrower or any
Guarantor or the Property, and any material development therein; (c) any actual or threatened
condemnation of any portion of the Property, any negotiations with respect to any such taking, or
any loss of or substantial damage to the Property; (d) any labor controversy pending or threatened
against Borrower or any contractor, and any material development in any labor controversy; (e) any
notice received by Borrower with respect to the cancellation, alteration or non-renewal of any
insurance coverage maintained with respect to the Property; (f) any failure by Borrower or any
contractor, subcontractor or supplier to perform any material obligation under any construction
contract, any event or condition which would permit termination of a construction contract or
suspension of work thereunder, or any notice given by Borrower or any contractor with respect to
any of the foregoing; (g) any lien filed against the Property or any stop notice served on
Borrower in connection with construction of the Improvements; or (h) any required permit, license,
certificate or approval with respect to the Property lapses or ceases to be in full force and
effect.

     2.9. Financial Statements. Borrower shall deliver to Administrative Agent with
sufficient copies for each Lender the Financial Statements and other statements and information at
the times and for the periods described in (a) Exhibit “B” and (b) any other Loan
Document, and Borrower shall deliver to Administrative Agent with sufficient copies for each
Lender from time to time such additional financial statements and information as Administrative
Agent may at any time request. Borrower will make all of its books, records and accounts available
to Administrative Agent and its representatives at the Property upon request and will permit them
to review and copy the same. Borrower shall promptly notify Administrative Agent of any event or
condition that could reasonably be expected to have a Material Adverse Effect in the financial
condition of Borrower and, if known by Borrower, any Guarantor, or in the construction progress of
the Improvements. Administrative Agent shall provide a copy of such Financial Statements to each
Lender upon receipt.

     2.10. Other Information. Borrower shall furnish to Administrative Agent from time to
time upon Administrative Agent’s request to the extent in Borrower’s possession or under
Borrower’s control (i) copies of any or all subcontracts entered into by contractors or
subcontractors and the names and addresses of all persons or entities with whom Borrower or any
contractor has contracted for the construction of the Improvements or the furnishing of labor or
materials in connection therewith; (ii) copies of any or all contracts, bills of sale, statements,
receipts or other documents under which Borrower claims title to any materials, fixtures or
articles of personal property incorporated or to be incorporated into the Improvements or subject
to the lien of the Mortgage; (iii) a list of all unpaid bills for labor and materials with respect
to construction of the Improvements and copies of all invoices therefor; (iv) budgets of Borrower
and revisions thereof showing the estimated costs and expenses to be incurred in connection with
the completion of construction of the Improvements; (v) current or updated detailed Project
schedules or construction schedules; and (vi) such other information relating to Borrower,
Guarantors, the Improvements, the Property, or any indemnitor or other person or party connected
with Borrower, the Loan, the construction of the Improvements or any security for the Loan.

     2.11. Reports and Testing. Borrower shall (a) promptly deliver to Administrative
Agent copies of all reports, studies, inspections and tests made on the Land, the Improvements or
any materials to be incorporated into the Improvements; and (b) make such additional tests on the
Land, the Improvements or any materials to be incorporated into the Improvements as Administrative
Agent reasonably requires. Borrower shall immediately notify Administrative Agent of any report,
study, inspection or test that indicates any adverse condition relating to the Land, the
Improvements or any such materials.

PAGE 14

 

     2.12. Advertising by Lenders. At Administrative Agent’s request and at Borrower’s
expense, Borrower shall erect and maintain on the Property one or more advertising signs approved
by Administrative Agent indicating that the construction financing for the Property has been
provided by Lenders.

     2.13. Appraisal. Administrative Agent may obtain from time to time, an appraisal of
all or any part of the Property prepared in accordance with written instructions from
Administrative Agent by a third-party appraiser engaged directly by Administrative Agent. Each such
appraiser and appraisal shall be satisfactory to Administrative Agent (including satisfaction of
applicable regulatory requirements). The cost of any such appraisal shall be borne by Borrower if
such appraisal is the first appraisal in any calendar year and in all events if Administrative
Agent obtains such appraisal after the occurrence of a Default, and such cost is due and payable by
Borrower on demand and shall be secured by the Loan Documents. Administrative Agent shall provide a
copy of such Appraisal to each Lender upon receipt, and to Borrower subject to Borrower’s payment
for such Appraisal and delivery to Administrative Agent of a release and indemnity as to the
matters stated therein on Administrative Agent’s standard form
document.

     2.14. Payment of Withholding Taxes. Borrower shall not use, or knowingly permit any
contractor or subcontractor to use, any portion of the proceeds of any Loan advance to pay the
wages of employees unless a portion of the proceeds or other funds are also used to make timely
payment to or deposit with (a) the United States of all amounts of tax required to be deducted and
withheld with respect to such wages under the Code, and (b) any state and/or local Tribunal or
agency having jurisdiction of all amounts of tax required to be deducted and withheld with respect
to such wages under any applicable state and/or local Laws.

     2.15 ERISA and Prohibited Transaction Taxes. As of the date hereof and throughout the
term of this Loan Agreement, (a) Borrower is not and will not be (i) an “employee benefit plan,”
as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”): or (ii) a “plan” within the meaning of Section 4975(e) of the Internal Revenue
Code of 1986, as amended from time to time (the “Code”); (b) the assets of Borrower do not and
will not constitute “plan assets” within the meaning of the United States Department of Labor
Regulations set forth in 29 C.F.R. §2510.3-101; (c) Borrower is not and will not be a
“governmental plan” within the meaning of Section 3(32) of ERISA; (d) transactions by or with
Borrower are not and will not be subject to state statutes applicable to Borrower regulating
investments of fiduciaries with respect to governmental plans; and (e) Borrower shall not engage
in any transaction which would cause any obligation, or action taken or to be taken, hereunder (or
the exercise by Administrative Agent of any of Lender’s rights under this Agreement, any Note or
the other Loan Documents) to be a non-exempt (under a statutory or administrative class exemption)
prohibited transaction under ERISA or Section 4975 of the Code. Borrower further agrees to deliver
to Administrative Agent such certifications or other evidence of compliance with the provisions of
this Section 2.15 as Administrative Agent may from time to time request.

     2.16 Certificate of Deposit. As additional security for the Obligations and a
condition for the closing of the Loan, pursuant to the terms and provisions of a separate
assignment agreement, Borrower has transferred and assigned to Administrative Agent for the
ratable benefit of Administrative Agent and Lenders and grants a security interest in all of
Borrower’s right, title and interest, in and to a certificate of deposit (the “Certificate of
Deposit”) in the amount of FIVE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS
($5,500,000.00) issued by Administrative Agent in the name of Borrower.

     2.17 TG Development Net Worth Requirement. Until all of the Obligations are paid in
full, Borrower shall cause TG Development to maintain a minimum book net worth, as determined by
the generally accepted accounting principles, of ONE HUNDRED AND FIFTY MILLION AND NO/100 DOLLARS
($150,000,000.00). It is acknowledged that a component of TG Development’s book net worth is
derived from its indirect ownership, through one or more subsidiaries, of certain unsold
residential condominium inventory (the “Condominium Inventory”). In connection with its
testing of TG Development’s book net worth, Administrative Agent, in its sole discretion, shall
have the right to obtain updated appraisals of the Condominium Inventory prepared by appraisers
selected by Administrative Agent (at Borrower’s expense with respect to one such appraisal each
year, or for all such appraisals if a Default should occur). Further Borrower covenants and agrees
that TG Development shall not (a) incur contingent liability in an aggregate amount exceeding
TWENTY FIVE MILLION AND NO/100 DOLLARS ($25,000,000.00) other than the Loan without the prior
written consent of Lender which consent Lender may withhold in its sole and absolute discretion;
provided, however, that any guaranties of liabilities of subsidiaries of

PAGE 15

 

TG Development which are taken into account when computing the book net worth (by reductions to
book net worth in amounts equal to the amount of such guarantied liabilities), as provided above,
shall be permitted and shall be excluded from the aforesaid limit on contingent liabilities;
provided further that there shall be no restriction on contingent liability incurred by TG
Development in connection with any loan made for the acquisition or development of income
producing commercial real estate; and (b) transfer any of its assets without the prior written
consent of Lender in its sole and absolute discretion, except (i) in the ordinary course of
business for fair value; or (ii) to any unrelated third party for fair and reasonably equivalent
value; or (iii) to an entity that is wholly owned (directly or indirectly) by TG Development.

ARTICLE 3 — REPRESENTATIONS AND WARRANTIES

     To induce Lenders to make the Loan, Borrower hereby represents and warrants to Administrative
Agent and Lenders that except as otherwise disclosed to Administrative Agent in writing (a)
Borrower has complied with any and all Laws and regulations concerning its organization, existence
and the transaction of its business, and has the right and power to own the Property and to develop
the Improvements as contemplated in this Agreement and the other Loan Documents; (b) Borrower is
authorized to execute, deliver and perform all of its obligations under the Loan Documents; (c) the
Loan Documents are valid and binding obligations of Borrower; (d) Borrower is not in violation of
any Law, regulation or ordinance, or any order of any court or Tribunal, and no provision of the
Loan Documents violates any applicable Law, any covenants or restrictions affecting the Property,
any order of any court or Tribunal or any contract or agreement binding on Borrower or the
Property; (e) to the extent required by applicable Law, Borrower and Guarantors have filed all
necessary tax returns and reports and have paid all taxes and governmental charges thereby shown to
be owing; (f) the Plans are complete in all material respects, contain all necessary detail and are
adequate for construction of the Improvements, are satisfactory to Borrower, have been approved by
all applicable governmental authorities, have been accepted by each contractor which has entered
into a contract relating to construction of the Improvements, and comply with the Loan Documents
and all applicable Laws, restrictive covenants, and governmental requirements, rules, and
regulations; (g) the Land is not included under any unity of title or similar covenant with other
lands not encumbered by the Mortgage, and constitutes a separate tax lot or lots with a separate
tax assessment or assessments for the Land and Improvements, independent of those for any other
lands or improvements; (h) the Land and Improvements comply with all Laws and governmental
requirements, including all subdivision and platting requirements, without reliance on any
adjoining or neighboring property; (i) the Plans do, and the Improvements when constructed will,
comply with all legal requirements regarding access and facilities for handicapped or disabled
persons; (j) Borrower has not directly or indirectly conveyed, assigned or otherwise disposed of or
transferred (or agreed to do so) any development rights, air rights or other similar rights,
privileges or attributes with respect to the Property, including those arising under any zoning or
land use ordinance or other Law or governmental requirement; (k) in Borrower’s reasonable opinion,
the construction schedule for the Project is realistic and the Completion Date is a reasonable
estimate of the time required to complete the Project; (1) the Financial Statements delivered to
Administrative Agent are true, correct, and complete in all material respects, and there has been
no event or condition that could reasonably be expected to have a Material Adverse Effect on
Borrower’s or any of the Guarantors’ financial condition from the financial condition of Borrower
or Guarantors (as the case may be) indicated in such Financial Statements; (m) all utility services
necessary for the development of the Land and the construction of the Improvements and the
operation thereof for their intended purpose are available at the boundaries of the Land, including
electric and natural gas facilities, telephone service, water supply, storm and sanitary sewer
facilities; (n) except as otherwise provided for in the Loan Documents, the Borrower has made no
contract or arrangement of any kind the performance of which by the other party thereto would give
rise to a lien on the Property; (o) the current and anticipated use of the Property complies with
all applicable zoning ordinances, regulations and restrictive covenants affecting the Land without
the existence of any variance, non-complying use, nonconforming use or other special exception, all
use restrictions of any Tribunal having jurisdiction have been satisfied, and no violation of any
Law or regulation exists with respect thereto; (p) attached hereto as Exhibit “J” is a list
of all bonds required in connection with completion of the Improvements, and to the best of
Borrower’s knowledge, no other bonds or other security are currently required or will be required
prior to completion of the Improvements; and (q) prior to the recordation of the Mortgage, except
as disclosed to Administrative Agent in writing, no work of any kind (including destruction or
removal of any existing improvements, site work, clearing, grading, grubbing, draining or fencing
of the Land) has been or will be commenced or performed on the Land, no equipment or material has
been or will be delivered to or placed upon the Land for any purpose whatsoever, and no contract
(or memorandum or affidavit thereof) for the supplying of labor, materials, or services for the
design or construction of the Improvements, or the surveying of the Land or Improvements, nor any
affidavit or notice of commencement of construction of the Improvements, has been or

PAGE 16

 

will be executed or recorded, which could cause a mechanic’s or materialman’s lien or similar lien
to achieve priority over the Mortgage or the rights of Administrative Agent and Lenders thereunder.

ARTICLE 4 — DEFAULT AND REMEDIES

     4.1 Events of Default. The occurrence of any one of the following shall be a
default under this
Agreement (“Default”): (a) any of the Indebtedness is not paid when due, whether on the
scheduled due date or upon acceleration, maturity or otherwise; (b) any covenant or agreement in
this Agreement (other than covenants to pay the Indebtedness and other Defaults expressly listed in
this Section with a different notice and cure period) is not fully and timely performed, observed
or kept or any representation or warranty given by the Borrower was untrue when given and is not
corrected within thirty (30) days after written notice thereof is given to the Borrower by the
Administrative Agent or within sixty (60) days if such matter cannot reasonably be cured within
thirty (30) days, so long as a cure is being diligently and continuously pursued; (c) the
occurrence of a Default under any other Loan Document (taking into account any applicable notice
and cure period set forth in such Loan Document); (d) the execution and/or filing of any affidavit
of commencement stating construction on the Land actually commenced prior to the date on which the
Mortgage was duly filed for record and any mechanics liens or other title defect resulting from the
filing of any affidavit of commencement which is a lien senior in priority to the Mortgage is not
cleared to the Administrative Agent’s satisfaction within twenty (20) days after written notice
thereof is given to the Borrower by the Administrative Agent; (e) construction of the Improvements
ceases for more than ten (10) consecutive days except for Excusable Delays; (f) the construction of
the Improvements, or any materials for which an advance has been requested, fails to comply with
the Plans, the Loan Documents, any Laws or governmental requirements, or any applicable restrictive
covenants and such noncompliance is not cured within a period of thirty (30) days after written
notice thereof from Administrative Agent to Borrower or within sixty (60) days if such matter
cannot reasonably be cured within thirty (30) days so long as a cure is being diligently and
continuously pursued; (g) Borrower fails to satisfy any condition precedent to the obligation of
Lenders to make an advance within thirty (30) days after written notice thereof is given to the
Borrower by the Administrative Agent or within sixty (60) days if such matter cannot reasonably be
cured within thirty (30) days so long as a cure is being diligently and continuously pursued; (h)
construction of the Improvements is abandoned, Administrative Agent reasonably determines that
construction of the Improvements in accordance with this Agreement will not be completed on or
before the Completion Date, or Borrower fails to substantially complete construction of the
Improvements and obtain all applicable permits, licenses, certificates and approvals including, but
not limited to, a final and unconditional certificate of occupancy (or local equivalent) from the
applicable governmental authority in accordance with this Agreement on or before the Completion
Date; (i) any required permit, license, certificate or approval with respect to the Property lapses
or ceases to be in full force and effect and is not replaced or renewed within thirty (30) days
after such lapse or within sixty (60) days if such matter cannot reasonably be cured within thirty
(30) days so long as a cure is being diligently and continuously pursued; (j) a Borrower’s Deposit
is not made with Administrative Agent within ten (10) days after Administrative Agent’s request
therefor in accordance with Section 1.5; (k) construction is enjoined or Borrower,
Administrative Agent or any Lender is enjoined or prohibited from performing any of its respective
obligations under any of the Loan Documents and such injunction is not released or lifted within
ten (10) days of its imposition; (I) the owner of the Property enters into any lease of part or all
of the Property which does not comply with the Loan Documents and such matter is not remedied
within thirty (30) days after written notice thereof is given to the Borrower by the Administrative
Agent or within sixty (60) days if such matter cannot reasonably be cured within thirty (30) days
so long as cure is being diligently and continuously pursued; (m) a lien for the performance of
work or the supply of materials which is established against the Property, or any stop notice
served on Borrower, the general contractor, Administrative Agent or a Lender, remains unsatisfied
or unbonded for a period of twenty (20) days after the date of filing or service; (n) the
occurrence of any condition or situation which, in the sole determination of Administrative Agent,
constitutes a danger to or impairment of the Property or the lien of the Mortgage, if such
condition or situation is not remedied within fifteen (15) days after written notice to the
Borrower thereof; (o) the entry of a final and non-appealable judgment against Borrower or any
Guarantor of more than One Hundred Thousand Dollars ($100,000.00) which is not paid in full or
bonded within fifteen (15) days or the issuance of any attachment, sequestration, or similar writ
levied upon any of its property which is not discharged within a period of fifteen (15) days; (p)
Administrative Agent determines that an event or condition that could reasonably be expected to
have a Material Adverse Effect has occurred in the financial condition of Borrower or any Guarantor
or in the condition of the Property and such matter is not remedied within thirty (30) days after
written notice thereof is given to the Borrower by the Administrative Agent or within sixty (60)
days if such matter cannot reasonably be cured within thirty (30) days so long as a cure is being
diligently and continuously pursued; (q) the Property is no

PAGE 17

 

longer leased to Skechers under terms and conditions of the Lease; (r) the dissolution or
insolvency of Borrower or any Guarantor and such matter is not remedied within thirty (30) days
after written notice thereof is given to the Borrower by the Administrative Agent or within sixty
(60) days if such matter cannot reasonably be cured within thirty (30) days so long as a cure is
being diligently and continuously pursued; (s) a default occurs under any other Loan Document which
is not cured within any applicable notice and cure period provided therein; (t) TG Development
fails to comply with the net worth requirement set forth in Section 2.17 of this Agreement
and such matter is not remedied within thirty (30) days after written notice thereof is given to
the Borrower by the Administrative Agent or within sixty (60) days if such matter cannot reasonably
be cured within thirty (30) days so long as a cure is being diligently and continuously pursued;
(u) the failure of Borrower to have satisfied the conditions set forth in Section 1.15(h)
of this Agreement within one hundred eighty (180) days from the date hereof; and (v) the transfer
by Borrower, any Guarantor, or any Affiliate of Borrower or any Guarantor of any property or asset
to TGD Holdings, LLC, a Delaware limited liability company.

     4.2 Remedies. Upon a Default, Administrative Agent may with the consent of, and shall
at the direction of the Required Lenders, without notice, exercise any and all rights and remedies
afforded by this Agreement, the other Loan Documents, Law, equity or otherwise, including (a)
declaring any and all Indebtedness immediately due and payable; (b) reducing any claim to
judgment; or (c) obtaining appointment of a receiver (to which Borrower hereby consents) and/or
judicial or nonjudicial foreclosure under the Mortgage;
provided, however, that upon a
Default, Administrative Agent at its election may (but shall not be obligated to) without the
consent of and shall at the direction of the Required Lenders, without notice, do any one or more
of the following: (a) terminate Lenders’ Commitment to lend and any obligation to disburse any
Borrower’s Deposit hereunder; (b) in its own name on behalf of the Lenders or in the name of
Borrower, enter into possession of the Property, perform all work necessary to complete
construction of the Improvements substantially in accordance with the Plans (as modified as deemed
necessary by Administrative Agent), the Loan Documents, and all applicable Laws, governmental
requirements and restrictive covenants, and continue to employ Borrower’s architect, engineer and
any contractor pursuant to the applicable contracts or otherwise; or (c) set-off and apply, to the
extent thereof and to the maximum extent permitted by Law, any and all deposits, funds, or assets
at any time held and any and all other indebtedness at any time owing by Administrative Agent or
any Lender to or for the credit or account of Borrower against any Indebtedness. Further, L/C
Issuer may, with the approval of Administrative Agent on behalf of the Required Lenders, demand
immediate payment by Borrower of an amount equal to the aggregate amount of all outstanding
Letters of Credit to be held in a deposit account with Administrative Agent to secure amounts due
from Borrower under Letters of Credit and when no Letters of Credit exist, the Loan.

     Borrower hereby appoints Administrative Agent as Borrower’s attorney-in-fact, which power of
attorney is irrevocable and coupled with an interest, with full power of substitution if
Administrative Agent so elects, to do any of the following in Borrower’s name upon the occurrence
of a Default: (i) use such sums as are necessary, including any proceeds of the Loan and any
Borrower’s Deposit, make such changes or corrections in the Plans, and employ such architects,
engineers, and contractors as may be required, or as Lenders may otherwise consider desirable, for
the purpose of completing construction of the Improvements substantially in accordance with the
Plans (as modified as deemed necessary by Administrative Agent), the Loan Documents, and all
applicable Laws, governmental requirements and restrictive covenants; (ii) execute all
applications and certificates in the name of Borrower which may be required for completion of
construction of the Improvements; (iii) endorse the name of Borrower on any checks or drafts
representing proceeds of any insurance policies, or other checks or instruments payable to
Borrower with respect to the Property; (iv) do every act with respect to the construction of the
Improvements that Borrower may do; (v) prosecute or defend any action or proceeding incident to
the Property, (vi) pay, settle, or compromise all bills and claims so as to clear title to the
Property; and (vii) take over and use all or any part of the labor, materials, supplies and
equipment contracted for, owned by, or under the control of Borrower, whether or not previously
incorporated into the Improvements. Any amounts expended by Administrative Agent itself or on
behalf of Lenders to construct or complete the Improvements or in connection with the exercise of
its remedies herein shall be deemed to have been advanced to Borrower hereunder as a demand
obligation owing by Borrower to Administrative Agent or Lenders as applicable and shall constitute
a portion of the Indebtedness, regardless of whether such amounts exceed any limits for
Indebtedness otherwise set forth herein. Neither Administrative Agent nor Lenders shall have any
liability to Borrower for the sufficiency or adequacy of any such actions taken by Administrative
Agent.

     No delay or omission of Administrative Agent or Lenders to exercise any right, power or
remedy accruing upon the happening of a Default shall impair any such right, power or remedy or
shall be construed to be a waiver of

PAGE 18

 

any such Default or any acquiescence therein. No delay or omission on the part of Administrative
Agent or Lenders to exercise any option for acceleration of the maturity of the Indebtedness, or
for foreclosure of the Mortgage following any Default as aforesaid, or any other option granted to
Administrative Agent and Lenders hereunder in any one or more instances, or the acceptances by
Administrative Agent or Lenders of any partial payment on account of the Indebtedness, shall
constitute a waiver of any such Default, and each such option shall remain continuously in full
force and effect. No remedy herein conferred upon or reserved to Administrative Agent and/or
Lenders is intended to be exclusive of any other remedies provided for in any Note or any of the
other Loan Documents, and each and every such remedy shall be cumulative, and shall be in addition
to every other remedy given hereunder, or under any Note or any of the other Loan Documents, or now
or hereafter existing at Law or in equity or by statute. Every right, power and remedy given to
Administrative Agent and Lenders by this Agreement, any Note or any of the other Loan Documents
shall be concurrent, and may be pursued separately, successively or together against Borrower, or
the Property or any part thereof, or any personal property granted as security under the Loan
Documents, and every right, power and remedy given by this Agreement, any Note or any of the other
Loan Documents may be exercised from time to time as often as may be deemed expedient by the
Required Lenders.

     Regardless of how a Lender may treat payments received from the exercise of remedies under
the Loan Documents for the purpose of its own accounting, for the purpose of computing the
Indebtedness, payments shall be applied as elected by Lenders. No application of payments will
cure any Event of Default, or prevent acceleration, or continued acceleration, of amounts payable
under the Loan Documents, or prevent the exercise, or continued exercise, of rights or remedies of
Administrative Agent and Lenders hereunder or thereunder or at Law or in equity.

ARTICLE 5 — ADMINISTRATIVE AGENT

     5.1. Appointment and Authorization of Administrative Agent.

          (a) Each
Lender hereby irrevocably (subject to Section 5.9) appoints, designates and
authorizes Administrative Agent to take such action on its behalf under the provisions of this
Agreement and each other Loan Document and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Agreement or any other Loan Document, together with
such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary
contained elsewhere herein or in any other Loan Document, Administrative Agent shall not have any
duties or responsibilities, except those expressly set forth herein, nor shall Administrative
Agent have or be deemed to have any fiduciary relationship with any Lender, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against Administrative Agent. Without
limiting the generality of the foregoing sentence, the use of the term “agent” herein and in the
other Loan Documents with reference to Administrative Agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency doctrine of any
applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to
create or reflect only an administrative relationship between independent contracting parties.

          (b) L/C Issuer shall act on behalf of Lenders with respect to any Letters of Credit issued by
it and the documents associated therewith, and that L/C Issuer shall have all of the benefits and
immunities (i) provided to Administrative Agent in this Article with respect to any acts taken or
omissions suffered by L/C Issuer in connection with Letters of Credit issued by it or proposed to
be issued by it and the applications and agreements for letters of credit pertaining to such
Letters of Credit as fully as if the term “Administrative Agent” as used in this Article and in
the definition of “Agent — Related Person” included L/C Issuer with respect to such acts or
omissions, and (ii) as additionally provided in this Agreement with respect to L/C Issuer.

          (c) No individual Lender or group of Lenders or L/C Issuer shall have any right to amend or
waive, or consent to the departure of any party from any provision of any Loan Document, or secure
or enforce the obligations of Borrower or any other party pursuant to the Loan Documents, or
otherwise. All such rights, on behalf of Administrative Agent, L/C Issuer, or any Lender or
Lenders, shall be held and exercised solely by and at the option of Administrative Agent for the
pro rata benefit of the Lenders. Such rights, however, are subject to the rights of L/C Issuer,
Lender or Lenders, as expressly set forth in this Agreement, to approve matters or direct
Administrative Agent to take or refrain from taking action as set forth in this Agreement. Except
as expressly otherwise provided in this Agreement or the other Loan Documents, Administrative
Agent shall have and may use its sole discretion with respect to exercising or refraining from
exercising any discretionary rights, or taking or

PAGE 19

 

refraining from taking any actions which Administrative Agent is expressly entitled to exercise or
take under this Agreement and the other Loan Documents, including, without limitation, (i) the
determination if and to what extent matters or items subject to Administrative Agent’s
satisfaction are acceptable or otherwise within its discretion, (ii) the making of Administrative
Agent Advances, and (iii) the exercise of remedies pursuant to,
but subject to, Article 4 or pursuant to any other Loan Document, if applicable, and any action so taken or not taken shall
be deemed consented to by Lenders.

          (d) In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to
Borrower or any Guarantor, no individual Lender or group of Lenders or L/C Issuer shall have the
right, and the Administrative Agent (irrespective of whether the principal of the Loan or any L/C
Obligation shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall
be exclusively entitled and empowered on behalf of itself, L/C Issuer, and the Lenders, by
intervention in such proceeding or otherwise:

          (i) to file and prove a claim for the whole amount of the principal and
interest
owing and unpaid in respect of the Loan, any L/C Obligations and all other Obligations that
are owing and unpaid and to file such other documents as may be necessary or advisable in
order to have the claims of the Lenders and the Administrative Agent (including any claim
for the reasonable compensation, expenses, disbursements and advances of the Lenders and
the Administrative Agent and their respective agents and counsel and all other amounts due
the Lenders and the Administrative Agent under Section 6.10 and Exhibit “K”
allowed in such judicial proceeding; and

          (ii) to collect and receive any monies or other property payable or deliverable
on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to
Administrative Agent and, in the event that Administrative Agent shall consent to the making of
such payments directly to Lenders, to pay to Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of Administrative Agent and its agents and
counsel, and any other amounts due Administrative Agent under Section 6.10.

Nothing contained herein shall be deemed to authorize Administrative Agent to authorize or consent
to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment
or composition affecting the Obligations or the rights of the Lenders except as approved by
Required Lenders or to authorize Administrative Agent to vote in respect of the claims of Lenders
except as approved by Required Lenders in any such proceeding.

     5.2. Delegation of Duties. Administrative Agent may execute any of its duties under
this Agreement or any other Loan Document by or through agents,
employees or attorneys-in-fact and
shall be entitled to advice of counsel and other consultant experts concerning all matters
pertaining to such duties. Administrative Agent shall not be responsible for the negligence or
misconduct of any agent or attorney-in-fact that it selects with reasonable care.

     5.3.
Liability of Administrative Agent. No Agent-Related Persons shall (i) be liable
for any action taken or omitted to be taken by any of them under or in connection with this
Agreement or any other Loan Document or the transactions contemplated hereby (except for its own
gross negligence or willful misconduct), or (ii) be responsible in any manner to any of Lenders
for any recital, statement, representation or warranty made by Borrower or any subsidiary or
Affiliate of Borrower, or any officer thereof, contained herein or in any other Loan Document, or
in any certificate, report, statement or other document referred to or provided for in, or
received by Administrative Agent under or in connection with, this Agreement or any other Loan
Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this
Agreement or any other Loan Document, or for any failure of Borrower or any other party to any
Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be
under any obligation to any Lender to ascertain or to inquire as to the observance or performance
of any of the agreements contained in, or conditions of, this Agreement or any other Loan
Document, or to inspect the properties, books or records of Borrower, Guarantors, or any of their
Affiliates.

PAGE 20

 

     5.4. Reliance by Administrative Agent. Administrative Agent shall be entitled to rely,
and shall be fully protected in relying, upon any writing, resolution, notice, consent,
certificate, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other
document or conversation believed by it to be genuine and correct and to have been signed, sent or
made by the proper person or persons, and upon advice and statements of legal counsel (including
counsel to any party to the Loan Documents), independent accountants and other experts selected by
Administrative Agent. Administrative Agent shall be fully justified in failing or refusing to take
any action under this Agreement or any other Loan Document unless it shall first receive such
advice or concurrence of the Required Lenders or all Lenders if required hereunder as it deems
appropriate and, if it so requests, it shall first be indemnified to its satisfaction by Lenders
against any and all liability and expense which may be incurred by it by reason of taking or
continuing to take any such action. Administrative Agent shall in all cases be fully protected in
acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance
with a request or consent of the Required Lenders or such greater number of Lenders as may be
expressly required hereby in any instance, and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders. In the absence of written instructions from
the Required Lenders or such greater number of Lenders, as expressly required hereunder,
Administrative Agent may take or not take any action, at its discretion, unless this Agreement
specifically requires the consent of the Required Lenders or such greater number of Lenders.

     5.5. Notice of Default. Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default, unless Administrative Agent shall have received written
notice from a Lender or Borrower referring to this Agreement, describing such Default that
Administrative Agent determines will have a Material Adverse Effect. Administrative Agent will
notify Lenders of its receipt of any such notice. Administrative Agent shall take such action with
respect to such Default as may be requested by the Required Lenders in accordance
with Article 4; provided, however, that unless and until Administrative Agent has received any such
request, Administrative Agent may (but shall not be obligated to) take such action, or refrain
from taking such action, with respect to such Default as it shall deem advisable or in the best
interest of Lenders.

     5.6.
Credit Decision; Disclosure of Information by Administrative Agent.

          (a) Each Lender acknowledges that none of Agent-Related Persons has made any representation
or warranty to it, and that no act by Administrative Agent hereafter taken, including any consent
to and acceptance of any assignment or review of the affairs of Borrower and Guarantors, shall be
deemed to constitute any representation or warranty by any Agent-Related Person to any Lenders as
to any matter, including whether Agent-Related Persons have disclosed material information in
their possession. Each Lender represents to Administrative Agent that it has, independently and
without reliance upon any Agent-Related Person and based on such documents and information as it
has deemed appropriate, made its own appraisal of and investigation into the business, prospects,
operations, property, financial and other condition and creditworthiness of Borrower and
Guarantors, and all applicable bank or other regulatory Laws relating to the transactions
contemplated hereby, and made its own decision to enter into this Agreement and to extend credit
to Borrower and Guarantors hereunder. Each Lender also represents that it will, independently and
without reliance upon any Agent-Related Person and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit analysis, appraisals and
decisions in taking or not taking action under this Agreement and the other Loan Documents, and to
make such investigations as it deems necessary to inform itself as to the business, prospects,
operations, property, financial and other condition and creditworthiness of Borrower and
Guarantors.

          (b) Administrative Agent upon its receipt shall provide each Lender such notices, reports and
other documents expressly required to be furnished to Lenders by Administrative Agent herein. To
the extent not already available to a Lender, Administrative Agent shall also provide the Lender
and/or make available for the Lender’s inspection during reasonable business hours and at the
Lender’s expense, upon the Lender’s written request therefor: (i) copies of the Loan Documents;
(ii) such information as is then in Administrative Agent’s possession in respect of the current
status of principal and interest payments and accruals in respect of the Loan; (iii) copies of all
current financial statements in respect of Borrower, any Guarantor or other person liable for
payment or performance by Borrower of any obligations under the Loan Documents, then in
Administrative Agent’s possession with respect to the Loan; and (iv) other current factual
information then in Administrative Agent’s possession with respect to the Loan and bearing on the
continuing creditworthiness of Borrower or any Guarantor, or any of their respective Affiliates;
provided that nothing contained in this Section shall impose any liability upon
Administrative Agent for its failure to provide a Lender any of such Loan Documents, information,
or financial statements, unless such failure constitutes willful misconduct or gross

PAGE 21

 

negligence on Administrative Agent’s part; and provided further that Administrative Agent
shall not be obligated to provide any Lender with any information in violation of Law or any
contractual restrictions on the disclosure thereof (provided such contractual restrictions shall
not apply to distributing to a Lender factual and financial information expressly required to be
provided herein). Except as set forth above, Administrative Agent shall not have any duty or
responsibility to provide any Lenders with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or creditworthiness of Borrower or
any Guarantor or any of their respective Affiliates which may come into the possession of any of
Agent-Related Persons.

     5.7. Indemnification of Administrative Agent. Whether or not the transactions
contemplated hereby are consummated, Lenders shall indemnify upon demand each Agent-Related Person
(to the extent not reimbursed by or on behalf of Borrower and without limiting the obligation of
Borrower to do so), pro rata, and hold harmless each Agent-Related Person from and against any and
all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be
liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities
to the extent determined in a final, non-appealable judgment by a court of competent jurisdiction
to have resulted from such Agent-Related Person’s own gross negligence or willful misconduct;
provided, however, that no action taken in accordance with the directions of the Required
Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this
Section. Without limitation of the foregoing, to the extent that Administrative Agent is not
reimbursed by or on behalf of Borrower, each Lender shall reimburse Administrative Agent upon
demand for its ratable share of any costs or out-of-pocket expenses (including attorney fees)
incurred by Administrative Agent as described in Section 6.10. The undertaking in this
Section shall survive the payment of all Indebtedness hereunder and the resignation or replacement
of Administrative Agent.

     5.8. Administrative Agent in Individual Capacity. Administrative Agent, in its
individual capacity, and its Affiliates may make loans to, issue letters of credit for the account
of, accept deposits from, acquire equity interests in and generally engage in any kind of banking,
trust, financial advisory, underwriting or other business with any party to the Loan Documents and
their respective Affiliates as though Administrative Agent were not Administrative Agent hereunder
and without notice to or consent of Lenders. Lenders acknowledge that Bank of America, N.A. is the
L/C Issuer and Borrower and Bank of America, N.A. or its Affiliate have entered or may enter into
Swap Transactions. A portion of the Loan may be funded to honor Borrower’s payment obligations
under the terms of such Swap Transactions, and Lenders shall have no right to share in any portion
of such payments. Lenders acknowledge that, pursuant to such activities, Bank of America, N.A. or
its Affiliates may receive information regarding any party to the Loan Documents, or their
respective Affiliates (including information that may be subject to confidentiality obligations in
favor of such parties or such parties’ Affiliates) and acknowledge that Administrative Agent shall
be under no obligation to provide such information to them. With respect to its Pro Rata Share of
the Loan, Bank of America, N.A. shall have the same rights and powers under this Agreement as any
other Lenders and may exercise such rights and powers as though it were not Administrative Agent,
or party to Swap Transactions, and the terms “Lender” and “Lenders” include Bank of America, N.A.
in its individual capacity.

     5.9. Successor Administrative Agent. Administrative Agent may, and at the request of
the Required Lenders as a result of Administrative Agent’s gross negligence or willful misconduct
in performing its duties under this Agreement shall, resign as Administrative Agent upon 30 days’
notice to Lenders, and any such resignation by Administrative Agent shall also constitute its
resignation as L/C Issuer. If Administrative Agent resigns under this Agreement, the Required
Lenders shall appoint from among Lenders a successor administrative agent for Lenders, which
successor administrative agent shall be consented to by the Borrower at all times other than
during the existence of a Default (which consent of the Borrower shall not be unreasonably
withheld or delayed). If no successor administrative agent is appointed prior to the effective
date of the resignation of Administrative Agent, Administrative Agent may appoint, after
consulting with Lenders and Borrower, a successor administrative agent from among Lenders. Upon
the acceptance of its appointment as successor administrative agent hereunder, such successor
administrative agent shall succeed to all the rights, powers and duties of the retiring
Administrative Agent and L/C Issuer and the respective terms “Administrative Agent” and “L/C
Issuer” shall mean such successor administrative agent and L/C Issuer, and the retiring
Administrative Agent’s appointment, powers and duties as Administrative Agent shall be terminated
and the retiring L/C Issuer’s rights, powers and duties as such shall be terminated, without any
other or further act or deed on the part of such retiring L/C Issuer or any other Lender, other
than the obligation of the successor L/C Issuer to issue letters of credit in substitution for the
Letters of Credit, if any, outstanding at the time of such succession or to make other
arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the
retiring L/C Issuer with respect to such Letter of Credit. After any

PAGE 22

 

retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions
of this Article and other applicable Sections of this Agreement shall inure to its benefit as to
any actions taken or omitted to be taken by it while it was Administrative Agent and L/C Issuer
under this Agreement. If no successor administrative agent has accepted appointment as
Administrative Agent and L/C Issuer by the date which is 30 days following a retiring
Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall
nevertheless thereupon become effective and Lenders shall perform all of the duties of
Administrative Agent and L/C Issuer hereunder until such time, if any, as the Required Lenders
appoint a successor agent as provided for above. Notwithstanding the foregoing, however, Bank of
America, N.A. may not be removed as Administrative Agent at the request of the Required Lenders
unless Bank of America shall also simultaneously be replaced and fully released as “L/C Issuer”
hereunder pursuant to documentation in form and substance reasonably satisfactory to Bank of
America, N.A.

     5.10. Releases; Acquisition and Transfers of Collateral.

          (a) Lenders hereby irrevocably authorize Administrative Agent to transfer or release any lien
on, or after foreclosure or other acquisition of title by Administrative Agent on behalf of
Lenders to transfer or sell, any Loan collateral (i) upon the termination of the Commitments and
payment and satisfaction in full of all Indebtedness, (ii) constituting a release, transfer or
sale of a lien or Loan collateral if Borrower will certify to Administrative Agent that the
release, transfer or sale is permitted under this Agreement or the other Loan Documents (and
Administrative Agent may rely conclusively on any such certificate, without further inquiry); or
(iii) after foreclosure or other acquisition of title (1) for a purchase price of at least 90% of
the value indicated in the most recent appraisal of the collateral obtained by Administrative
Agent made in accordance with regulations governing Administrative Agent, less any reduction
indicated in the appraisal estimated by experts in such areas; or (2) if approved by the Required
Lenders.

          (b) If all or any portion of the Loan collateral is acquired by foreclosure or by deed in
lieu of foreclosure, Administrative Agent shall take title to the collateral in its name or by an
Affiliate of Administrative Agent, but for the benefit of all Lenders in their Pro Rata Shares on
the date of the foreclosure sale or recordation of the deed in lieu of foreclosure (the
“Acquisition Date”). Administrative Agent and all Lenders hereby expressly waive and relinquish
any right of partition with respect to any collateral so acquired. After any collateral is
acquired, Administrative Agent shall appoint and retain one or more persons (individually and
collectively, “Property Manager”) experienced in the management, leasing, sale and/or
dispositions of similar properties.

After consulting with the Property Manager, Administrative Agent shall prepare a written plan for
completion of construction (if required), operation, management, improvement, maintenance, repair,
sale and disposition of the Loan collateral and a budget for the aforesaid, which may include a
reasonable management fee payable to Administrative Agent (the “Business Plan”).
Administrative Agent will deliver the Business Plan not later than the sixtieth (60th) day after
the Acquisition Date to each Lender with a written request for approval of the Business Plan. If
the Business Plan is approved by the Required Lenders, Administrative Agent and the Property
Manager shall adhere to the Business Plan until a different Business Plan is approved by the
Required Lenders. Administrative Agent may propose an amendment to the Business Plan as it deems
appropriate, which shall also be subject to Required Lender approval. If the Business Plan (as may
be amended) proposed by Administrative Agent is not approved by the Required Lenders, (or if sixty
(60) days have elapsed following the Acquisition Date without a Business Plan being proposed by
Administrative Agent), any Lender may propose an alternative Business Plan, which Administrative
Agent shall submit to all Lenders for their approval. If an alternative Business Plan is approved
by the Required Lenders, Administrative Agent may appoint one of the approving Lenders to
implement the alternative Business Plan. Notwithstanding any other provision of this Agreement,
unless in violation of an approved Business Plan or otherwise in an emergency situation,
Administrative Agent shall, subject to subsection (a) of this Section, have the right but not the
obligation to take any action in connection with the Loan collateral (including those with respect
to property taxes, insurance premiums, completion of construction, operation, management,
improvement, maintenance, repair, sale and disposition), or any portion thereof.

          (c) Upon request by Administrative Agent or Borrower at any time, Lenders will confirm in
writing Administrative Agent’s authority to sell, transfer or release any such liens of particular
types or items of Loan collateral pursuant to this Section; provided, however, that (i)
Administrative Agent shall not be required to execute any document necessary to evidence such
release, transfer or sale on terms that, in Administrative Agent’s

PAGE 23

 

 

opinion, would expose Administrative Agent to liability or create any obligation or entail any
consequence other than the transfer, release or sale without recourse, representation or warranty,
and (ii) such transfer, release or sale shall not in any manner discharge, affect or impair the
obligations of Borrower other than those expressly being released.

          (d) If only two (2) Lenders (other than the L/C Issuer) exist at the time Administrative
Agent receives a purchase offer for Loan collateral for which one of the Lenders does not consent
within ten (10) Business Days after notification from Administrative Agent, the consenting Lender
may offer (“Purchase Offer”) to purchase all of non-consenting Lender’s right, title and
interest in the collateral for a purchase price equal to non-consenting Lender’s Pro Rata Share of
the net proceeds anticipated from such sale of such collateral (as reasonably determined by
Administrative Agent, including the undiscounted face principal amount of any purchase money
obligation not payable at closing) (“Net Proceeds”). Within ten (10) Business Days
thereafter the non-consenting Lender shall be deemed to have accepted such Purchase Offer unless
the non-consenting Lender notifies Administrative Agent that it elects to purchase all of the
consenting Lender’s right, title and interest in the collateral for a purchase price payable by
the non-consenting Lender in an amount equal to the consenting Lender’s Pro Rata Share of the Net
Proceeds. Any amount payable hereunder by a Lender shall be due on the earlier to occur of the
closing of the sale of the collateral or 90 days after the Purchase Offer, regardless of whether
the collateral has been sold.

     5.11. Application of Payments. Except as otherwise provided below with respect to
Defaulting Lenders, aggregate principal and interest payments, payments for Indemnified
Liabilities, and/or foreclosure or sale of the collateral, and net operating income from the
collateral during any period it is owned by Administrative Agent on behalf of the Lenders
(“Payments”) shall be apportioned pro rata among Lenders and payments of any fees (other
than fees designated for Administrative Agent’s separate account) shall, as applicable, be
apportioned pro rata among Lenders. Notwithstanding anything to the contrary in this Agreement,
all Payments due and payable to Defaulting Lenders shall be due and payable to and be apportioned
pro rata among Administrative Agent and Electing Lenders. Such apportionment shall be in the
proportion that the Defaulting Lender Payment Amounts paid by them bears to the total Defaulting
Lender Payment Amounts of such Defaulting Lender. Such apportionment shall be made until the
Administrative Agent and Lenders have been paid in full for the Defaulting Lender Payment Amounts.
All pro rata Payments shall be remitted to Administrative Agent and all such payments not
constituting payment of specific fees, and all proceeds of the Loan collateral received by
Administrative Agent, shall be applied first, to pay any fees, indemnities, costs,
expenses (including those in Section 5.7) and reimbursements then due to Administrative
Agent from Borrower; second, to pay any fees, costs, expenses and reimbursements then due
to Lenders from Borrower; third, to pay pro rata interest and late charges due in respect
of the Indebtedness and Administrative Agent Advances; fourth, to pay or prepay pro rata
principal of, and to secure any outstanding Letters of Credit for, the Indebtedness and
Administrative Agent Advances; fifth, to pay any indebtedness of Borrower under Swap
Transactions; and last, to Borrower, if required by law, or Lenders in Pro Rata Share
percentages equal to their percentages at the termination of the Aggregate Commitments.

     Notwithstanding the above, subject to Section 3 of Exhibit “K”, amounts used
to Cash Collateralize the aggregate undrawn amount of Letters of Credit above shall be applied to
satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as
Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining
amount shall be applied to the other Indebtedness, if any, in the order set forth above.

     5.12. Benefit. The terms and conditions of this Article are inserted for the sole
benefit of Administrative Agent and Lenders; the same may be waived in whole or in part, with or
without terms or conditions, without prejudicing Administrative Agent’s or Lenders’ rights to later
assert them in whole or in part.

ARTICLE 6 — GENERAL TERMS AND CONDITIONS

     6.1. Consents; Borrower’s Indemnity. Except where otherwise expressly provided in the
Loan Documents, in any instance where the approval, consent or the exercise of Administrative
Agent’s or Lenders’ judgment or discretion (or sole discretion) is required, the granting or
denial of such approval or consent and the exercise of such judgment shall be (a) within the sole
discretion of Administrative Agent or Lenders; (b) deemed to have been given only by a specific
writing intended for the purpose given and executed by Administrative Agent or Lenders; and (c)
free from any limitation or requirement of reasonableness. Notwithstanding any approvals or

PAGE 24

 

 

consents by Administrative Agent or Lenders, neither Administrative Agent nor any Lender has any
obligation or responsibility whatsoever for the adequacy, form or content of the Plans, the Budget,
any appraisal, any contract, any change order, any lease, or any other matter incident to the
Property or the construction of the Improvements. Administrative Agent’s or Lenders’ acceptance of
an assignment of the Plans for the benefit of Administrative Agent and Lenders shall not constitute
approval of the Plans. Any inspection, appraisal or audit of the Property or the books and records
of Borrower, or the procuring of documents and financial and other information, by or on behalf of
Administrative Agent shall be for Administrative Agent’s and Lenders’ protection only, and shall
not constitute an assumption of responsibility to Borrower or anyone else with regard to the
condition, value, construction, maintenance or operation of the Property, or relieve Borrower of
any of Borrower’s obligations. Borrower has selected all surveyors, architects, engineers,
contractors, materialmen and all other persons or entities furnishing services or materials to the
Project. Neither Administrative Agent nor any Lender has any duty to supervise or to inspect the
Property or the construction of the Improvements nor any duty of care to Borrower or any other
person to protect against, or inform Borrower or any other person of the existence of, negligent,
faulty, inadequate or defective design or construction of the Improvements. Neither Administrative
Agent nor any Lender shall be liable or responsible for, and Borrower shall indemnify each
Agent-Related Person and each Lender and their respective Affiliates, directors, officers, agents,
attorneys and employees (collectively, the “Indemnitees”) from and against: (a) any claim,
action, loss or cost (including reasonable attorney’s fees and costs) arising from or relating to
(i) any defect in the Property or the Improvements, (ii) the performance or default of Borrower,
Borrower’s surveyors, architects, engineers, contractors, the Construction Consultant, or any other
person, (iii) any failure to construct, complete, protect or insure the Improvements, (iv) the
payment of costs of labor, materials, or services supplied for the construction of the
Improvements, (v) in connection with the protection and preservation of the Loan collateral
(including those with respect to property taxes, insurance premiums, completion of construction,
operation, management, improvements, maintenance, repair, sale and disposition), or (vi) the
performance of any obligation of Borrower whatsoever; (b) any and all liabilities, obligations,
losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and
disbursements (including reasonable attorney fees and costs) of any kind or nature whatsoever which
may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way
relating to or arising out of or in connection with (i) the execution, delivery, enforcement,
performance or administration of any Loan Document or any other agreement, letter or instrument
delivered in connection with the transactions contemplated thereby or the consummation of the
transactions contemplated thereby, (ii) any Commitment or Loan or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), or (iii) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory (including any investigation of, preparation for, or defense of
any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether
any Indemnitee is a party thereto; (c) any and all claims, demands, actions or causes of action
arising out of or relating to the use of Information (as defined in Section 6.6) or other
materials obtained through internet, Intralinks or other similar information transmission systems
in connection with this Agreement; and (d) any and all liabilities, losses, costs or expenses
(including attorney fees and costs) that any Indemnitee suffers or incurs as a result of the
assertion of any foregoing claim, demand, action, cause of action or proceeding, or as a result of
the preparation of any defense in connection with any foregoing claim, demand, action, cause of
action or proceeding, in all cases, whether or not an Indemnitee is a party to such claim, demand,
action, cause of action or proceeding and whether it is defeated, successful or withdrawn, (all the
foregoing, collectively, the “Indemnified Liabilities”); provided, however, that
such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities,
obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs,
expenses or disbursements are determined by a court of competent jurisdiction by final and
non-appealable judgment to have resulted from the gross negligence or willful misconduct of such
Indemnitee. Further, Borrower shall not be obligated to indemnify any of the Indemnitees from
matters which relate solely to disputes or disagreements among Lenders and/or Administrative Agent,
or any default by any of the Lenders and/or Administrative Agent of any of their respective
obligations under this Agreement to Borrower or to each other. Nothing, including any advance or
acceptance of any document or instrument, shall be construed as a representation or warranty,
express or implied, to any party by Administrative Agent or Lenders. Inspection shall not
constitute an acknowledgment or representation by Administrative Agent, any Lender or the
Construction Consultant that there has been or will be compliance with the Plans, the Loan
Documents, or applicable Laws, governmental requirements and restrictive covenants, or that the
construction is free from defective materials or workmanship. Inspection, whether or not followed
by notice of Default, shall not constitute a waiver of any Default then existing, or a waiver of
Administrative Agent’s and Lenders’ right thereafter to insist that the Improvements be

PAGE 25

 

 

constructed in accordance with the Plans, the Loan Documents, and all applicable Laws, governmental
requirements and restrictive covenants. Administrative Agent’s failure to inspect shall not
constitute a waiver of any of Administrative Agent’s or Lenders’ rights under the Loan Documents or
at Law or in equity.

     6.2. Miscellaneous. This Agreement may be executed in several counterparts, all of
which are identical, and all of which counterparts together shall constitute one and the same
instrument. The Loan Documents are for the sole benefit of Administrative Agent, Lenders and
Borrower and are not for the benefit of any third party. A determination that any provision of
this Agreement is unenforceable or invalid shall not affect the enforceability or validity of any
other provision and the determination that the application of any provision of this Agreement to
any person or circumstance is illegal or unenforceable shall not affect the enforceability or
validity of such provision as it may apply to other persons, entities or circumstances. Time shall
be of the essence with respect to Borrower’s obligations under the Loan Documents. This Agreement,
and its validity, enforcement and interpretation, shall be governed by Florida law (without regard
to any conflict of Laws principles) and applicable United States federal Law.

     6.3. Notices.

          6.3.1 Modes of Delivery; Changes. Except as otherwise provided herein, all notices,
demands, requests, and other communications required or which any party desires to give under this
Agreement or any other Loan Document shall be in writing. Unless otherwise specifically provided
in such other Loan Document, all such notices and other communications shall be deemed
sufficiently given or furnished if (a) delivered by personal delivery; (b) by courier; (c) by
registered or certified United States mail, postage prepaid; (d) by overnight delivery by a
nationally recognized overnight delivery service; (e) by facsimile addressed to the party to whom
directed with, subject to Subsection 6.3.2 below, a confirmatory original delivered by one
of the methods set forth in (a) through (d); or (f) by electronic mail addressed to Borrower, at
the addresses set forth at the end of this Agreement or to Administrative Agent, the L/C Issuer or
Lenders at the addresses specified for notices on the Schedule of Lenders (unless changed by
similar notice in writing given by the particular party whose address is to be changed) with a
confirmatory original delivered by one of the methods set forth in (a) through (d). Any such
notice or communication shall be deemed to have been given and received either at the time of
personal delivery or, in the case of courier or mail, as of the date of first attempted delivery
at the address and in the manner provided herein, or, in the case of facsimile or e-mail, upon
receipt; provided, however, that service of a notice required by any applicable statute
shall be considered complete when the requirements of that statute are met. Notwithstanding the
foregoing, no notice of change of address shall be effective except upon actual receipt. This
Section shall not be construed in any way to affect or impair any waiver of notice or demand
provided in any Loan Document or to require giving of notice or demand to or upon any person in
any situation or for any reason.

          6.3.2 Effectiveness of Facsimile Documents and Signatures. Loan Documents may be
transmitted and/or signed by facsimile. The effectiveness of any such documents and signatures
shall, subject to applicable Law, have the same force and effect as manually-signed originals and
shall be binding on all parties to the Loan Documents. The Administrative Agent may also require
that any such documents and signatures be confirmed by a manually-signed original thereof;
provided, however, that the failure to request or deliver the same shall not limit the
effectiveness of any facsimile document or signature.

          6.3.3 Intentionally Omitted.

          6.3.4 Reliance by Administrative Agent and Lenders. Administrative Agent and Lenders
shall be entitled to rely and act upon any notices (including telephonic Loan advance notices)
purportedly given by or on behalf of Borrower even if (i) such notices were not made in a manner
specified herein, were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. Borrower shall indemnify each Agent-Related Person and each Lender from all
losses, costs, expenses and liabilities resulting from the reliance by such person on each notice
purportedly given by or on behalf of Borrower. All telephonic notices to and other communications
with Administrative Agent may be recorded by Administrative Agent, and each of the parties hereto
hereby consents to such recording. If a Lender does not notify or inform Administrative Agent of
whether or not it consents to, or approves of or agrees to any matter of any nature whatsoever
with respect to which its consent, approval or agreement is required under the express provisions
of this Agreement or with respect to which its consent, approval or agreement is otherwise

PAGE 26

 

 

requested by Administrative Agent, in connection with the Loan or any matter pertaining to the
Loan, within ten (10) Business Days (or such longer period as may be specified by Administrative
Agent) after such consent, approval or agreement is requested by Administrative Agent, Lender shall
be deemed to have given its consent, approval or agreement, as the case may be, with respect to the
matter in question.

     6.4. Payments Set Aside. To the extent that any payment by or on behalf of Borrower
is made to Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises
its right of set-off, and such payment or the proceeds of such set-off or any part thereof is
subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by Administrative Agent or such Lender in its
discretion) to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law, to a depository (including Administrative Agent, any
Lender or its or their Affiliates) for returned items or insufficient collected funds, or
otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied shall be revived and continued in full force and effect as if such
payment had not been made or such set-off had not occurred, and (b) each Lender severally agrees
to pay to Administrative Agent upon demand its applicable share of any amount so recovered from or
repaid by Administrative Agent, plus interest thereon from the date of such demand to the date
such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in
effect.

     6.5. Successors and Assigns.

          (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that Borrower
may not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender, and no Lender may assign or otherwise transfer any of its rights
or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of
subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest
subject to the restrictions of subsection (f) of this Section (and any other attempted assignment
or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any person (other than the parties hereto, their
respective successors and assigns permitted hereby and, to the extent expressly contemplated
hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this
Agreement.

          (b) Any Lender may assign to one or more Eligible Assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitment and Pro Rata
Share of the Loan (including for purposes of this subsection (b), participations in L/C
Obligations) at the time owing to it); provided that:

          (i) except in the case of an assignment of the entire remaining amount of
the assigning Lender’s Commitment and Pro Rata Share of the Loan at the time owing to it or in
the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund as
defined in subsection (h) of this Section with respect to a Lender, the aggregate amount of
the Commitment (which for this purpose includes its Pro Rata Share of the Loan outstanding)
subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent, shall not be less
than $10,000,000 unless each of the Administrative Agent and, so long as no Default has
occurred and is continuing, the Borrower otherwise consents (each such consent not to be
unreasonably withheld or delayed);

          (ii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender’s rights and obligations under this Agreement with respect to its
Pro Rata Share of the Loan and the Commitment assigned;

          (iii) any assignment of a Commitment must be approved by Administrative Agent, and
L/C Issuer unless the person that is the proposed assignee is itself a Lender (whether or
not the proposed assignee would otherwise qualify as an Eligible Assignee); and

PAGE 27

 

 

          (iv) the parties to each assignment shall execute and deliver to Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee of $3,500 plus the cost
of any applicable endorsement to the Title Insurance or new Title Insurance.

Subject to acceptance and recording thereof by Administrative Agent pursuant to subsection (c) of this Section, from and
after the effective date specified in each Assignment and Assumption, the assignee thereunder shall
be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement, and the assigning Lender
thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be
released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of this
Agreement with respect to Borrower’s obligations surviving termination of this Agreement). Upon
request, Administrative Agent shall prepare and Borrower shall execute and deliver a Note
(“Replacement Note”) to the assignee Lender. Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this subsection shall be
treated for purposes of this Agreement as a sale by such Lender of a participation in such rights
and obligations in accordance with subsection (d) of this Section.

          (c) Administrative Agent, acting solely for this purpose as an agent of Borrower, shall
forward the Assignment and Assumption, and the Replacement Note to the Title Company for issuance
of an applicable endorsement to the Title Insurance or new Title Insurance, and shall maintain at
Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the Commitments of,
and principal amount of each Lender’s Pro Rata Share of the Loan owing to, each Lender pursuant to
the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive, and Borrower, Administrative Agent and Lenders may treat each person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of
this Agreement, notwithstanding notice to the contrary. The Register shall be available for
inspection by Borrower and any Lender, at any reasonable time and from time to time upon
reasonable prior notice.

          (d) Any Lender may, without the consent of, but with prior notice to Administrative Agent,
sell participations to one or more banks or other entities (a “Participant”) in all or a
portion of such Lender’s rights and/or obligations under this Agreement (including all or a
portion of its Commitment and/or its Pro Rata Share of the Loan (including such Lender’s
participations in L/C Obligations) owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations, (iii) Borrower,
Administrative Agent and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement, and (iv)
except to the extent consented to by Administrative Agent in its sole discretion with respect to
each participation, any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to enforce this Agreement
and to approve any amendment, modification or waiver of any provision of this Agreement.

          (e) A Participant shall not be entitled to receive any greater payment under Sections
1.7, 1.8 or 1.9 than the applicable Lender would have been entitled to receive with respect to
the participation sold to such Participant.

          (f) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement (including under its Note, if any) to secure obligations of such
Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank;
provided that no such pledge or assignment shall release a Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto.

          (g) If the consent of Borrower to an assignment or to an assignee is required hereunder
(including a consent to an assignment which does not meet the minimum assignment threshold
specified in clause (i) of the provision to the first sentence of subsection (b) above), Borrower
shall be deemed to have given its consent five Business Days after the date notice thereof has
been delivered by the assigning Lender (through Administrative Agent) unless such consent is
expressly refused by Borrower prior to such fifth Business Day.

PAGE 28

 

 

          (h) As used herein, the following terms have the following meanings:

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an
Approved Fund; and (d) any other person (other than a natural person) approved by the
Administrative Agent, and, unless a Default has occurred and is continuing, the Borrower
(each such approval not to be unreasonably withheld or delayed).

     “Fund” means any person (other than a natural person) that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial real estate
loans and similar extensions of credit in the ordinary course of its business.

     “Approved Fund” means any Fund that is administered or managed by (a) a
Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender.

          (i) Notwithstanding anything to the contrary contained herein, if at any time Bank of America,
N.A. assigns all of its Commitment and interest in the Loan pursuant to subsection (b) above, Bank
of America, N.A. may, upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer.
In the event of any such resignation as L/C Issuer, the Borrower shall be entitled to appoint from
among the Lenders a successor L/C Issuer hereunder; provided, however, that no failure by
the Borrower to appoint any such successor shall affect the resignation of Bank of America, N.A. as
L/C Issuer. If Bank of America, N.A. resigns as L/C Issuer it shall retain all the rights and
obligations of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the
effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto
(including the right to require the Lenders to make an advance of Base Rate Principal or fund risk
participations for L/C Borrowings pursuant to Exhibit “K”).

          (j) Borrower shall not be responsible for any costs or expenses incurred by Administrative
Agent or any of the Lenders in connection with or as a result of any assignment or transfer of a
Lender’s rights and obligations under this Agreement (or any part thereof), or in connection with
the sale of participations by any Lender.

     6.6. Confidentiality. Each of the Administrative Agent and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be
disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential); (b) to the extent requested by any regulatory authority;
(c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal
process; (d) to any other party to this Agreement; (e) in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement
of rights hereunder; (f) subject to an agreement containing provisions substantially the same as
those of this Section, to (i) any assignee of or participant in, or any prospective assignee of or
participant in, any of its rights or obligations under this Agreement or (ii) any direct or
indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s
or prospective counterparty’s professional advisor) to any Swap Transaction or credit derivative
transaction relating to obligations of the Borrower and Guarantors; (g) with the consent of the
Borrower; (h) to the extent such Information (i) becomes publicly available other than as a result
of a breach of this Section or (ii) becomes available to the Administrative Agent or any Lender on
a nonconfidential basis from a source other than the Borrower. For the purposes of this Section,
“Information” means all information received from the Borrower or any Guarantor relating
to the Borrower or any of the Guarantors or their business, other than any such information that
is available to the Administrative Agent or any Lender on a nonconfidential basis prior to
disclosure by the Borrower or any Guarantor; provided that in the case of information
received from the Borrower or any Guarantor after the date hereof, such information is clearly
identified in writing at the time of delivery as confidential (provided that any financial
statements received from Borrower or any Guarantor shall be deemed confidential regardless of
whether so identified). Any person required to maintain the confidentiality of Information as
provided in this Section shall be considered to have complied with its obligation to do so if such
person has exercised the same degree of care to maintain the confidentiality of such Information
as such person would accord to its own confidential information. The Administrative Agent and the
Lenders may disclose the existence of this Agreement and information about this

PAGE 29

 

 

Agreement to market data collectors, similar service providers to the lending industry, and service
providers to the Administrative Agent and the Lenders in connection with the administration and
management of this Agreement, the Loan and Loan Documents.

     6.7. Set-off. In addition to any rights and remedies of Administrative Agent and
Lenders provided by Law, upon the occurrence and during the continuance of any Event of Default,
Administrative Agent and each Lender is authorized at any time and from time to time, without prior
notice to Borrower or any other party to the Loan Documents, any such notice being waived by
Borrower (on its own behalf and on behalf of each party to the Loan Documents to the fullest extent
permitted by Law), to set-off and apply any and all deposits, general or special, time or demand,
provisional or final, any time owing by Administrative Agent or such Lender hereunder or under any
other Loan Document to or for the credit or the account of such parties to the Loan Documents
against any and all Indebtedness, irrespective of whether or not the Administrative Agent or such
Lender shall have made demand under this Agreement or any other Loan Document and although such
Indebtedness may be contingent or unmatured or denominated in a currency different from that of the
applicable depositor indebtedness. Each Lender hereby acknowledges that the exercise by any Lender
of offset, set-off, Banker’s lien, or similar rights against any deposit account or other property
or asset of Borrower whether or not located in California or another state with certain laws
restricting Lenders from pursuing multiple collection methods, could result under such laws in
significant impairment of the ability of all Lenders to recover any further amounts in respect of
the Loan. Therefore, each Lender agrees not to charge or offset any amount owed to it by Borrower
against any of the accounts, property or assets of Borrower or any of its Affiliates held by such
Lender, without the prior written approval of Administrative Agent and the Required Lenders.
Notwithstanding the foregoing, neither Administrative Agent nor any Lender nor any assignee or
Affiliate thereof (each a “Lender Party”) shall proceed directly, by right of set-off, banker’s
lien, counterclaim or otherwise, against any assets of Borrower or any Guarantor (including any
general or special, time or demand, provision or other deposits or other indebtedness owing by such
Lender Party to or for the credit or the account of Borrower or any Guarantor) for purposes of
applying such assets against the Indebtedness, without the prior written consent of all Lenders.

     6.8. Sharing of Payments. If, other than as expressly provided elsewhere herein, any
Lender shall obtain on account of the portions of the Loan advanced by it, or the participations
in L/C Obligations held by it, any payment (whether voluntary, involuntary, through the exercise
of any right of set-off, or otherwise) in excess of its ratable share (or other share contemplated
hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such
fact, and (b) purchase from the other Lenders such participations in the portions of the Loan made
by them and/or such subparticipations in the participations in the L/C Obligations held by them,
as the case may be, as shall be necessary to cause such purchasing Lender to share the excess
payment in respect of such portions of the Loan or such participations, as the case may be, pro
rata with each of them; provided, however, that if all or any portion of such excess
payment is thereafter recovered from the purchasing Lender, such purchase shall to that extent be
rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid
therefor, together with an amount equal to such paying Lender’s ratable share (according to the
proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount
so recovered from the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered without further interest thereon.
The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the
fullest extent permitted by Law, exercise all its rights of payment (including the right of
set-off), but subject to Section 6.7 with respect to such participation as fully as if
such Lender were the direct creditor of the Borrower in the amount of such participation. The
Administrative Agent will keep records (which shall be conclusive and binding in the absence of
manifest error) of participations purchased under this Section and will in each case notify the
Lenders following any such purchases or repayments. Each Lender that purchases a participation
pursuant to this Section shall from and after such purchase have the right to give all notices,
requests, demands, directions and other communications under this Agreement with respect to the
portion of the Obligations purchased to the same extent as though the purchasing Lender were the
original owner of the Obligations purchased.

     6.9. Amendments; Survival. Administrative Agent and Lenders shall be entitled to
amend (whether pursuant to a separate intercreditor agreement or otherwise) any of the terms,
conditions or agreements set forth in Article 5 or as to any other matter in the Loan
Documents respecting payments to Administrative Agent or Lenders or the required number of the
Lenders to approve or disapprove any matter or to take or refrain from taking any action, without
the consent of Borrower or any other person or the execution by Borrower or any other person of
any such amendment or intercreditor agreement provided that such matter does not affect Borrower’s
rights or

PAGE 30

 

 

obligations. Subject to the foregoing, Administrative Agent may amend or waive any provision of
this Agreement or any other Loan Document, or consent to any departure by any party to the Loan
Documents therefrom which amendment, waiver or consent is intended to be within Administrative
Agent’s discretion or determination, or otherwise in Administrative Agent’s reasonable
determination shall not have a Material Adverse Effect; provided, however, that otherwise
no such amendment, waiver or consent shall be effective unless in writing, signed by the Required
Lenders and Borrower or the applicable party to the Loan Documents, as the case may be, and
acknowledged by Administrative Agent, and each such waiver or consent shall be effective only in
the specific instance and for the specific purpose for which given; and provided further
that no such amendment, waiver or consent shall:

          (a) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 4.2), without the written consent of such Lender (it being understood
that a waiver of a Default shall not constitute an extension or increase in any Lender’s
Commitment);

          (b) postpone any date fixed by this Agreement or any other Loan Document for any payment of
principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under
any other Loan Document, without the written consent of each Lender directly affected thereby;

          (c) reduce the principal of, or the rate of interest specified herein on, any portion of the
Loan, or L/C Borrower, or any fees or other amounts payable hereunder or under any other Loan
Document, without the written consent of each Lender directly affected thereby; provided,
however, that the Administrative Agent may waive any obligation of the Borrower to pay
interest at the Past Due Rate and/or late charges for periods of up to thirty days, and only the
consent of the Required Lenders shall be necessary to waive any obligation of the Borrower to pay
interest at the Past Due Rate or late charges thereafter, or to amend the definition of “Past Due
Rate” or “late charges”;

          (d) change the percentage of the combined Commitments or of the aggregate unpaid principal
amount of the Loan and L/C Obligations which is required for the Lenders or any of them to take
any action hereunder, without the written consent of each Lender;

          (e) change the definition of “Pro Rata Share” or “Required Lender” or any other provision
hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify
any rights hereunder or make any determination or grant any consent hereunder, without the written
consent of each Lender;

          (f) amend this Section, or Section 6.8, without the written consent of each
Lender;

          (g) release the liability of Borrower or any existing Guarantor without the written consent
of each Lender;

          (h) permit the sale, transfer, pledge, mortgage or assignment of any Loan collateral or any
direct or indirect interest in Borrower, except as expressly permitted under the Loan Documents,
without the written consent of each Lender; or

          (i) transfer or release any lien on, or after foreclosure or other acquisition of title by
Administrative Agent on behalf of the Lenders transfer or sell, any Loan collateral except as
permitted in Section 5.10, without the written consent of each Lender,

and provided further that (i) no amendment, waiver or consent shall, unless in writing and
signed by the L/C Issuer in addition to the Lenders required above affect the rights or duties of
the L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of
Credit issued or to be issued by it; and (ii) no amendment, waiver or consent shall, unless in
writing and signed by the Administrative Agent in addition to the Lenders required above, affect
the rights or duties of the Administrative Agent under this Agreement or any other Loan Document.
Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of
such Lender may not be increased without the consent of such Lender.

PAGE 31

 

 

This Agreement shall continue in full force and effect until the Indebtedness is paid in full and
all of Administrative Agent’s and Lenders’ obligations under this Agreement are terminated; and all
representations and warranties and all provisions herein for indemnity of the Indemnitees,
Administrative Agent and Lenders (and any other provisions herein specified to survive) shall
survive payment in full, satisfaction or discharge of the Indebtedness, the resignation or removal
of Administrative Agent or replacement of any Lender, and any release or termination of this
Agreement or of any other Loan Documents.

     6.10. Costs and Expenses. Without limiting any Loan Document and to the extent not
prohibited by applicable Laws, Borrower shall pay when due, shall reimburse to Administrative
Agent for the benefit of itself and Lenders on demand and shall indemnify Administrative Agent and
Lenders from, all out-of-pocket fees, costs, and expenses paid or incurred by Administrative Agent
in connection with the negotiation, preparation and execution of this Agreement and the other Loan
Documents (and any amendments, approvals, consents, waivers and releases requested, required,
proposed or done from time to time), or in connection with the disbursement, administration or
collection of the Loan or the enforcement of the obligations of Borrower or the exercise of any
right or remedy of Administrative Agent, including (a) all fees and expenses of Administrative
Agent’s counsel; (b) fees and charges of each Construction Consultant, inspector and engineer; (c)
appraisal, re-appraisal and survey costs; (d) title insurance charges and premiums; (e) title
search or examination costs, including abstracts, abstractors’ certificates and uniform commercial
code searches; (f) judgment and tax lien searches for Borrower and each Guarantor; (g) escrow
fees; (h) fees and costs of environmental investigations, site assessments and remediations; (i)
recordation taxes, documentary taxes, transfer taxes and mortgage taxes; (j) filing and recording
fees; and (k) loan brokerage fees. Borrower shall pay all costs and expenses incurred by
Administrative Agent, including reasonable attorneys’ fees, if the obligations or any part thereof
are sought to be collected by or through an attorney at law, whether or not involving probate,
appellate, administrative or bankruptcy proceedings. Borrower shall pay all costs and expenses of
complying with the Loan Documents, whether or not such costs and expenses are included in the
Budget. Borrower’s obligations under this Section shall survive the delivery of the Loan
Documents, the making of advances, the payment in full of the Indebtedness, the release or
reconveyance of any of the Loan Documents, the foreclosure of the Mortgage or conveyance in lieu
of foreclosure, any bankruptcy or other debtor relief proceeding, and any other event whatsoever.

     6.11. Tax Forms.

          (a) (i) Each Lender, and each holder of a participation interest herein, that is not a “United
States person” (a “Foreign Lender”) within the meaning of Section 7701(a)(30) of the Code
shall deliver to Administrative Agent, prior to receipt of any payment subject to withholding (or
upon accepting an assignment or receiving a participation interest herein), two duly signed
completed copies of either Form W-8BEN or any successor thereto (relating to such Foreign Lender
and entitling it to a complete exemption from withholding on all payments to be made to such
Foreign Lender by Borrower pursuant to this Agreement) or Form W-8ECI or any successor thereto
(relating to all payments to be made to such Foreign Lender by Borrower pursuant to this Agreement)
of the United States Internal Revenue Service or such other evidence satisfactory to Borrower and
Administrative Agent that such Foreign Lender is entitled to an exemption from or reduction of,
United States withholding tax, including any exemption pursuant to Section 881(c) of the Code.
Thereafter and from time to time, each such Foreign Lender shall (A) promptly submit to
Administrative Agent such additional duly completed and signed copies of one of such forms (or such
successor forms as shall be adopted from time to time by the relevant United States taxing
authorities) as may then be available under then current United States Laws and regulations to
avoid, or such evidence as is satisfactory to Borrower and Administrative Agent of any available
exemption from or reduction of, United States withholding taxes in respect of all payments to be
made to such Foreign Lender by Borrower pursuant to the Loan Documents, (B) promptly notify
Administrative Agent of any change in circumstances which would modify or render invalid any
claimed exemption or reduction, and (C) take such steps as shall not be materially disadvantageous
to it, in the reasonable judgment of such Lenders, and as may be reasonably necessary (including
the re-designation of its Lending Office, if any) to avoid any requirement of applicable Laws that
Borrower make any deduction or withholding for taxes from amounts payable to such Foreign Lender.

          (ii) Each Foreign Lender, to the extent it does not act or ceases to act for its own
account with respect to any portion of any sums paid or payable to such Lender under any of
the Loan Documents (for example, in the case of a typical participation by such Lender),
shall deliver to the Administrative Agent on the date when such Foreign Lender ceases to
act for its own account with respect

PAGE 32

 

 

to any portion of any such sums paid or payable, and at such other times as may be
necessary in the determination of the Administrative Agent (in the reasonable exercise of
its discretion), (A) two duly signed completed copies of the forms or statements required
to be provided by such Lender as set forth above, to establish the portion of any such sums
paid or payable with respect to which such Lender acts for its own account that is not
subject to U.S. withholding tax, and (B) two duly signed completed copies of United States
Internal Revenue Service Form W-8IMY (or any successor thereto), together with any
information such Lender chooses to transmit with such form, and any other certificate or
statement of exemption required under the Code, to establish that such Lender is not acting
for its own account with respect to a portion of any such sums payable to such Lender.

          (iii) The Borrower shall not be required to pay any additional amount to any Foreign
Lender under Section 1.11 or pay or reimburse Administrative Agent or any of the
Lenders, (A) with respect to any Taxes required to be deducted or withheld on the basis of
the information, certificates or statements of exemption such Lender transmits with an
United States Internal Revenue Service Form W-8IMY pursuant to this subsection (a) of this
Section, or (B) if such Lender shall have failed to satisfy the foregoing provisions of
this subsection (a); provided that if such Lender shall have satisfied the
requirement of this subsection (a) on the date such Lender became a Lender or ceased to act
for its own account with respect to any payment under any of the Loan Documents, nothing in
this subsection (a) shall relieve the Borrower of its obligation to pay any amounts
pursuant to Section 1.11 in the event that, as a result of any change in any
applicable law, treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer properly
entitled to deliver forms, certificates or other evidence at a subsequent date establishing
the fact that such Lender or other person for the account of which such Lender receives any
sums payable under any of the Loan Documents is not subject to withholding or is subject to
withholding at a reduced rate.

          (iv) The Administrative Agent may, without reduction, withhold any Taxes required to
be deducted and withheld from any payment under any of the Loan Documents with respect to
which the Borrower is not required to pay additional amounts under this subsection (a).

          (b) Upon the request of Administrative Agent, each Lender that is a “United States person”
within the meaning of Section 7701(a)(30) of the Code shall deliver to Administrative Agent two
duly signed completed copies of United States Internal Revenue Service Form W-9. If such Lender
fails to deliver such forms, then Administrative Agent may withhold from any interest payment to
such Lender an amount equivalent to the applicable back-up withholding tax imposed by the Code,
without reduction.

          (c) If any Tribunal asserts that Administrative Agent did not properly withhold or backup
withhold, as the case may be, any tax or other amount from payments made to or for the account of
any Lender, such Lender shall indemnify Administrative Agent therefor, including all penalties and
interest and costs and expenses (including attorney fees) of Administrative Agent. The obligation
of Lenders under this subsection shall survive the removal or replacement of a Lender, the payment
of all Indebtedness and the resignation or replacement of Administrative Agent.

     6.12. Further Assurances. Borrower will, upon Administrative Agent’s request, (a)
promptly correct any defect, error or omission in any Loan Document; (b) execute, acknowledge,
deliver, procure, record or file such further instruments and do such further acts as
Administrative Agent deems necessary, desirable or proper to carry out the purposes of the Loan
Documents and to identify and subject to the liens and security interest of the Loan Documents any
property intended to be covered thereby, including any renewals, additions, substitutions,
replacements, or appurtenances to the Property; (c) execute, acknowledge, deliver, procure, file
or record any document or instrument Administrative Agent deems necessary, desirable, or proper to
protect the liens or the security interest under the Loan Documents against the rights or
interests of third persons; and (d) provide such certificates, documents, reports, information,
affidavits and other instruments and do such further acts deemed necessary, desirable or proper by
Administrative Agent to comply with the requirements of any agency having jurisdiction over
Administrative Agent. In addition, at any time, and from time to time, upon request by
Administrative Agent or any Lender, Borrower will, at Borrower’s expense, provide any and all
further instruments, certificates and other documents as may, in the opinion of Administrative
Agent or such Lender, be necessary or

PAGE 33

 

 

desirable in order to verify the Borrower’s identity and background in a manner satisfactory to
Administrative Agent or such Lender.

     6.13. Inducement to Lenders. The representations and warranties contained in this
Agreement and the other Loan Documents (a) are made to induce Lenders to make the Loan and extend
any other credit to or for the account of the Borrower pursuant hereto, and Administrative Agent
and Lenders are relying thereon, and will continue to rely thereon, and (b) shall survive any
bankruptcy proceedings involving Borrower, any Guarantor or the Property, foreclosure, or
conveyance in lieu of foreclosure.

     6.14. Forum. Each party to this Agreement hereby irrevocably submits generally and
unconditionally for itself and in respect of its property to the jurisdiction of any state court,
or any United States federal court, sitting in the State specified in Section 6.2 of this
Agreement and to the jurisdiction of any state court or any United States federal court, sitting in
the state in which any of the Property is located, over any suit, action or proceeding arising out
of or relating to this Agreement or the Indebtedness. Each party to this Agreement hereby
irrevocably waives, to the fullest extent permitted by Law, any objection that they may now or
hereafter have to the laying of venue in any such court and any claim that any such court is an
inconvenient forum. Each party to this Agreement hereby agrees and consents that, in addition to
any methods of service of process provided for under applicable Law, all service of process in any
such suit, action or proceeding in any state court, or any United States federal court, sitting in
the state specified in Section 6.2 may be made by certified or registered mail, return
receipt requested, directed to such party at its address for notice stated in the Loan Documents,
or at a subsequent address of which Administrative Agent received actual notice from such party in
accordance with the Loan Documents, and service so made shall be complete on the date of delivery
as shown on the return receipt. Nothing herein shall affect the right of Administrative Agent to
serve process in any manner permitted by Law or limit the right of Administrative Agent to bring
proceedings against any party in any other court or jurisdiction.

     6.15. Interpretation. References to “Dollars,” “$,” “money,”
“payments” or other similar financial or monetary terms are references to lawful money of
the United States of America. References to Articles, Sections, and Exhibits are, unless specified
otherwise, references to articles, sections and exhibits of this Agreement. Words of any gender
shall include each other gender. Words in the singular shall include the plural and words in the
plural shall include the singular. References to Borrower or Guarantor shall mean, each person
comprising same, jointly and severally. References to “persons” shall include both natural
persons and any legal entities, including public or governmental bodies, agencies or
instrumentalities. The words “include” and “including” shall be interpreted as if
followed by the words “without limitation”. Captions and headings in the Loan Documents
are for convenience only and shall not affect the construction of the Loan Documents.

     6.16. No Partnership, etc. The relationship between Lenders (including Administrative
Agent) and Borrower is solely that of lender and borrower. Neither Administrative Agent nor any
Lender has any fiduciary or other special relationship with or duty to Borrower and none is
created by the Loan Documents. Nothing contained in the Loan Documents, and no action taken or
omitted pursuant to the Loan Documents, is intended or shall be construed to create any
partnership, joint venture, association, or special relationship between Borrower and
Administrative Agent or any Lender or in any way make Administrative Agent or any Lender a
co-principal with Borrower with reference to the Project, the Property or otherwise. In no event
shall Administrative Agent’s or Lenders’ rights and interests under the Loan Documents be
construed to give Administrative Agent or any Lender the right to control, or be deemed to
indicate that Administrative Agent or any Lender is in control of, the business, properties,
management or operations of Borrower.

     6.17. Records. The unpaid amount of the Loan and the amount of any other credit
extended by Administrative Agent or Lenders to or for the account of Borrower set forth on the
books and records of Administrative Agent shall be presumptive evidence of the amount thereof
owing and unpaid, but failure to record any such amount on Administrative Agent’s books and
records shall not limit or affect the obligations of Borrower under the Loan Documents to make
payments on the Loan when due.

     6.18. Commercial Purpose. Borrower warrants that the Loan is being made solely to
acquire or carry on a business or commercial enterprise, and/or Borrower is a business or
commercial organization. Borrower further warrants that all of the proceeds of this Loan shall be
used for commercial purposes and stipulates that the Loan

PAGE 34

 

 

shall be construed for all purposes as a commercial loan, and is made for other than personal,
family, household or agricultural purposes.

     6.19. WAIVER OF JURY TRIAL. EACH PARTY TO THIS AGREEMENT WAIVES TRIAL BY JURY IN ANY
ACTION OR PROCEEDING TO WHICH THEY MAY BE A PARTY, ARISING OUT OF, IN CONNECTION WITH OR IN ANY
WAY PERTAINING TO, ANY NOTE, THE LOAN AGREEMENT, THE MORTGAGE OR ANY OF THE OTHER LOAN DOCUMENTS.
IT IS AGREED AND UNDERSTOOD THAT THIS WAIVER CONSTITUTES A WAIVER OF TRIAL BY JURY OF ALL CLAIMS
AGAINST ALL PARTIES TO SUCH ACTION OR PROCEEDINGS, INCLUDING CLAIMS AGAINST PARTIES WHO ARE NOT
PARTIES TO ANY NOTE. THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY EACH PARTY TO
THIS AGREEMENT, AND THEY HEREBY REPRESENT THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN
MADE BY ANY INDIVIDUAL TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR NULLIFY
ITS EFFECT. EACH PARTY FURTHER REPRESENTS AND WARRANTS THAT IT HAS BEEN REPRESENTED IN THE
EXECUTION OF THE LOAN DOCUMENTS AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL, OR
HAS HAD THE OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS OWN FREE
WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL.

     6.20. Service of Process. Borrower hereby consents to process being served in any
suit, action, or proceeding instituted in connection with this Loan by (a) the mailing of a copy
thereof by certified mail, postage prepaid, return receipt requested, to Borrower and (b) serving
a copy thereof upon the agent designated and appointed by Borrower as Borrower’s agent for service
of process. Borrower irrevocably agrees that such service shall be deemed to be service of process
upon Borrower in any such suit, action, or proceeding. Nothing in any Note shall affect the right
of Administrative Agent to serve process in any manner otherwise permitted by Law and nothing in
any Note will limit the right of Administrative Agent on behalf of the Lenders otherwise to bring
proceedings against Borrower in the courts of any jurisdiction or jurisdictions.

     6.21. USA Patriot Act Notice. Each Lender and the Administrative Agent (for itself and
not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the
USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is
required to obtain, verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will allow such Lender or
the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act.

     6.22. Entire Agreement. The Loan Documents constitute the entire understanding and
agreement between Borrower, Administrative Agent and Lenders with respect to the transactions
arising in connection with the Loan, and supersede all prior written or oral understandings and
agreements between Borrower, Administrative Agent and Lenders with respect to the matters
addressed in the Loan Documents. In particular, and without limitation, the terms of any
commitment letter, letter of intent or quote letter by Administrative Agent or any Lender to make
the Loan are merged into the Loan Documents. Neither Administrative Agent nor any Lender has made
any commitments to extend the term of the Loan past its stated maturity date or to provide
Borrower with financing except as set forth in the Loan Documents. Except as incorporated in
writing into the Loan Documents, there are not, and were not, and no persons are or were
authorized by Administrative Agent or any Lender to make, any representations, understandings,
stipulations, agreements or promises, oral or written, with respect to the matters addressed in
the Loan Documents.

     6.23. Dispute Resolution.

          (a) Arbitration. Except to the extent expressly provided below, any Dispute
shall, upon the
request of any party, be determined by binding arbitration in accordance with the Federal
Arbitration Act, Title 9, United States Code (or if not applicable, the applicable state law), the
then-current rules for arbitration of financial services disputes of AAA and the “Special Rules”
set forth below. In the event of any inconsistency, the Special Rules shall control. The filing of
a court action is not intended to constitute a waiver of the right of Borrower, Administrative
Agent or any Lender, including the suing party, thereafter to require submittal of the Dispute to

PAGE 35

 

 

arbitration. Except to the extent expressly provided below, any party to this Agreement may bring
an action, including a summary or expedited proceeding, to compel arbitration of any Dispute in
any court having jurisdiction over such action. For the purposes of this Dispute Resolution
Section only, the terms “party” and “parties” shall include any parent corporation, subsidiary or
affiliate of Administrative Agent involved in the servicing, management or administration of any
obligation described in or evidenced by this Agreement, together with the officers, employees,
successors and assigns of each of the foregoing.

          (b) Special Rules.

          (i) The arbitration shall be conducted in any U.S. state where real or
tangible
personal property collateral is located, or if there is no such collateral, in the city and
county where Administrative Agent is located pursuant to its address for notice purposes in
this Agreement.

          (ii) The arbitration shall be administered by AAA, who will appoint an
arbitrator. If
AAA is unwilling or unable to administer or legally precluded from administering the
arbitration, or if AAA is unwilling or unable to enforce or legally precluded from enforcing
any and all provisions of this Dispute Resolution Section, then any party to this Agreement
may substitute, without the necessity of the agreement or consent of the other party or
parties, another arbitration organization that has similar procedures to AAA but that will
observe and enforce any and all provisions of this Dispute Resolution Section. All Disputes
shall be determined by one arbitrator; however, if the amount in controversy in a Dispute
exceeds Five Million Dollars ($5,000,000), upon the request of any party, the Dispute shall
be decided by three arbitrators (for purposes of this Agreement, referred to collectively as
the “arbitrator”).

          (iii) All arbitration hearings will be commenced within ninety (90) days of the demand
for arbitration and completed within ninety (90) days from the date of commencement;
provided, however, that upon a showing of good cause, the arbitrator shall be
permitted to extend the commencement of such hearing for up to an additional sixty (60)
days.

          (iv) The judgment and the award, if any, of the arbitrator shall be issued within
thirty (30) days of the close of the hearing. The arbitrator shall provide a concise
written statement setting forth the reasons for the judgment and for the award, if any. The
arbitration award, if any, may be submitted to any court having jurisdiction to be
confirmed and enforced, and such confirmation and enforcement shall not be subject to
arbitration.

          (v) The arbitrator will give effect to statutes of limitations and any
waivers thereof
in determining the disposition of any Dispute and may dismiss one or more claims in the
arbitration on the basis that such claim or claims is or are barred. For purposes of the
application of the statute of limitations, the service on AAA under applicable AAA rules of
a notice of Dispute is the equivalent of the filing of a lawsuit.

          (vi) Any dispute concerning this Dispute Resolution Section, including any such
dispute as to the validity or enforceability hereof or whether a Dispute is arbitrable,
shall be determined by the arbitrator; provided, however, that the arbitrator shall
not be permitted to vary the express provisions of these Special Rules or the Reservations
of Rights in subsection (c) below.

          (vii) The arbitrator shall have the power to award legal fees and costs pursuant to
the terms of this Agreement.

          (viii) The arbitration will take place on an individual basis without reference to,
resort to, or consideration of any form of class or class action.

          (ix) No arbitration arising out of or relating to this Agreement shall include, by
consolidation, joinder or in any other manner, an additional person or entity not a party
to this Agreement, except by written consent containing a specific reference to this
Agreement signed by the undersigned and

PAGE 36

 

 

any other person or entity sought to be joined. Consent to arbitration involving an
additional person or entity shall not constitute consent to arbitration of any claim,
dispute or other matter in question not described in the written consent or with a person or
entity not named or described therein. The foregoing agreement to arbitrate and other
agreements to arbitrate with an additional person or entity duly consented to by the parties
to this Agreement shall be specifically enforceable in accordance with applicable law in any
court having jurisdiction thereof.

          (c) Reservations of Rights. Nothing in this Agreement shall be deemed to (i) limit the
applicability of any otherwise applicable statutes of limitation and any waivers contained in this
Agreement, or (ii) apply to or limit the right of Administrative Agent or any Lender (A) to
exercise self help remedies such as (but not limited to) setoff, or (B) to foreclose judicially or
nonjudicially against any real or personal property collateral, or to exercise judicial or
nonjudicial power of sale rights, (C) to obtain from a court provisional or ancillary remedies such
as (but not limited to) injunctive relief, writ of possession, prejudgment attachment, or the
appointment of a receiver, or (D) to pursue rights against a party to this Agreement in a
third-party proceeding in any action brought against Administrative Agent or any Lender in a state,
federal or international court, tribunal or hearing body (including actions in specialty courts,
such as bankruptcy and patent courts). Subject to the terms of this Agreement, Administrative Agent
and any Lender may exercise the rights set forth in clauses (A) through (D), inclusive, before,
during or after the pendency of any arbitration proceeding brought pursuant to this Agreement.
Neither the exercise of self help remedies nor the institution or maintenance of an action for
foreclosure or provisional or ancillary remedies shall constitute a waiver of the right of any
party, including the claimant in any such action, to arbitrate the merits of the Dispute
occasioning resort to such remedies. No provision in the Loan Documents regarding submission to
jurisdiction and/or venue in any court is intended or shall be construed to be in derogation of the
provisions in any Loan Document for arbitration of any Dispute.

          (d) Conflicting Provisions for Dispute Resolution. If there is any conflict between
the terms, conditions and provisions of this Section and those of any other provision or agreement
for arbitration or dispute resolution, the terms, conditions and provisions of this Section shall
prevail as to any Dispute arising out of or relating to (i) this Agreement, (ii) any other Loan
Document, (iii) any related agreements or instruments, or (iv) the transaction contemplated herein
or therein (including any claim based on or arising from an alleged personal injury or business
tort). In any other situation, if the resolution of a given Dispute is specifically governed by
another provision or agreement for arbitration or dispute resolution, the other provision or
agreement shall prevail with respect to said Dispute.

          (e) Jury Trial Waiver in Arbitration. By agreeing to this Section, the parties
irrevocably and voluntarily waive any right they may have to a trial by jury in respect of any
Dispute.

          (f) The procedure described above will not apply if (1) the Claim, at the time of the
proposed submission to arbitration, arises from or relates to an obligation to Administrative
Agent and/or Lenders secured by real property; and (2) Administrative Agent and each Lender in
their sole and absolute discretion have not consented to submission of the Claim to arbitration.

          (g) To the extent any Claims are not arbitrated, to the extent permitted by law the Claims
shall be resolved in court by a judge without a jury, except any Claims which are brought in a
California state court may, at the election of Administrative Agent and each Lender, be determined
by judicial reference as described below.

          (h) Any Claim which is not arbitrated and which is brought in California state court
may, at
the joint election of Administrative Agent and each Lender, be resolved by general reference to a
referee (or a panel of referees) as provided in California Code of Civil Procedure (“CCP”) Section
638. The referee (or presiding referee of the panel) shall be a retired Judge or Justice. The
referee (or panel of referees) shall be selected by mutual written agreement of the parties. If
the parties do not agree, the referee shall be selected by the Presiding Judge of eth Court (or
his or her representative) as provided in CCP Section 638 and the following related sections. The
referee shall determine all issues in accordance with California rules of evidence and civil
procedure and other applicable laws, rules and regulations. The referee shall be empowered to
enter equitable as well as legal relief, provide all temporary or provisional remedies, enter
equitable orders that will be binding on the parties and rule on any motion which would be
authorized in a trial, including motions for summary judgment or summary

PAGE 37

 

 

adjudication. The aware that results from the decisions of the referee(s) will be entered as a
judgment in the court that appointed the referee, in accordance with the provisions of CCP Sections
644(a) and 645. The parties reserve the right to seek appellate review of any judgment or order,
including orders pertaining to class certification, to the same extent permitted in a court of law.

THE WRITTEN LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.

[The balance of this page is intentionally left blank]

PAGE 38

 

 

     IN WITNESS WHEREOF, THIS CONSTRUCTION LOAN AGREEMENT is EXECUTED and DELIVERED UNDER SEAL
as of the date first appearing above.

	 	 	 	 	 	 	 	 	 

	WITNESS/ATTEST:	 	 	 	HF LOGISTICS-SKX T1, LLC,
	 	 	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 	 	 
	/s/ Mary S. Fredenburg	 	 	 	By: HF Logistics-SKX, LLC, a Delaware
	 
	 	 	 	 	 	 	 	 
	Name: Mary S. Fredenburg	 	 	 	limited liability company, its sole member
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By: HF Logistics I, LLC, a Delaware
limited liability company, its managing
member
	Borrower’s Address for Notices:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	HF Logistics-SKX T1, LLC

	 	 	 	 	 	By:
	 	/s/ Iddo Benzeevi
	 

	 	 	 	 	 	 	 	 
	c/o Highland Fairview Properties

	 	 	 	 	 	 	 	Iddo Benzeevi, President and
	14225 Corporate Way

	 	 	 	 	 	 	 	Chief Executive Officer
	Moreno Valley CA 92553
	 	 	 	 	 	 	 	 
	Telephone: (951) 867-5301
	 	 	 	 	 	 	 	 
	Facsimile: (951) 867-5302
	 	 	 	 	 	 	 	 
	Electronic Mail: [ILLEGIBLE].com
	 	 	 	 	 	 	 	 
	FEIN: 27-1865350
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	With a copy to:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	TG Services, Inc.
	 	 	 	 	 	 	 	 
	Stage Coach Run
	 	 	 	 	 	 	 	 
	East Brunswick, NJ 08816
	 	 	 	 	 	 	 	 
	Attn: James Licb, EVP
	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 

	 	 	 	 	BANK OF AMERICA, N.A.,
	 	 	 	 	a national banking association, individually as
	WITNESS/ATTEST:	 	 	 	Administrative Agent, L/C Issuer, and a Lender
	 
	 	 	 	 	 	 
	/s/ Xavier Arcentales

	 	 	 	By: 	 	/s/ [ILLEGIBLE]
	 

	 	 	 	 	 	 
	Name: Xavier Arcentales

	 	 	 	Name: 	 	[ILLEGIBLE] 
	 

	 	 	 	Title: 	 	Senior Vice President 
	 
	 	 	 	 	 	 
	 	 	 	 	RAYMOND JAMES BANK, FSB.
	WITNESS/ATTEST:	 	 	 	as a Lender
	 
	 	 	 	 	 	 
	/s/ [ILLEGIBLE]

	 	 	 	By:	 	/s/ Jennifer Ehrhart 
	 

	 	 	 	 	 	 
	Name: [ILLEGIBLE]

	 	 	 	Name: 	 	Jennifer Ehrhart  
	 

	 	 	 	Title: 	 	Senior Vice President 

PAGE 39

 

 

EXHIBIT “A” 

LEGAL DESCRIPTION OF LAND

Real property in the City of Moreno Valley, County of Riverside, State of California, described as
follows:

PARCEL 1:

THAT CERTAIN PARCEL SHOWN AND DESCRIBED AS “PROPOSED PARCEL C” BEING SET FORTH, DESCRIBED AND
CREATED BY THAT CERTAIN LOT LINE ADJUSTMENT NO. 1005 / AND CERTIFICATE OF COMPLIANCE RECORDED MARCH
29, 2010 AS DOCUMENT NO. 2010-0140636 OF OFFICIAL RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF
RIVERSIDE COUNTY, CALIFORNIA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

THOSE PORTIONS OF LOTS 2 AND 7, IN BLOCK 34 OF MAP NO. 1 OF BEAR VALLEY AND ALESSANDRO DEVELOPMENT
COMPANY, IN THE CITY OF MORENO VALLEY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP
ON FILE IN BOOK 11 OF MAPS, PAGE 10, OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAN
BERNARDINO COUNTY, CALIFORNIA, TOGETHER WITH THAT PORTION OF FIR AVENUE, VACATED BY RESOLUTION OF
THE BOARD OF SUPERVISORS OF RIVERSIDE COUNTY RECORDED MARCH 27, 1962 AS FILE NO. 27882 OF OFFICIAL
RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, LYING BETWEEN REDLANDS BOULEVARD AND SINCLAIR STREET, AS
SAID STREETS ARE SHOWN ON THE MAP OF SAID TRACT, DESCRIBED AS FOLLOWS:

COMMENCING AT THE SOUTHWESTERLY CORNER OF SAID LOT 7, BEING ALSO THE CENTERLINE OF FIR AVENUE
(VACATED); THENCE ALONG THE SOUTHERLY LINE OF SAID LOT 7 AND THE CENTERLINE OF FIR AVENUE
(VACATED) SOUTH 89 DEGREES 33"11' EAST 288.98 FEET TO THE TRUE POINT OF BEGINNING; THENCE NORTH
1280.03 FEET TO THE NORTHERLY LINE OF SAID LOT 2, BEING ALSO THE SOUTHERLY LINE OF GREVILLEA
AVENUE (80 FEET WIDE) AS SHOWN ON SAID MAP NO. 1 OF BEAR VALLEY AND ALESSANDRO DEVELOPMENT COMPANY
(NOW THE SOUTHERLY LINE OF STATE HIGHWAY 60); THENCE ALONG THE NORTHERLY LINE OF SAID LOT 2 AND
THE SOUTHERLY LINE OF GREVILLEA AVENUE SOUTH 89 DEGREES 33"13' EAST 381.32 FEET TO THE
NORTHEASTERLY CORNER OF SAID LOT 2; THENCE ALONG THE EASTERLY LINES OF SAID LOT 2 AND SAID LOT 7
SOUTH 00 DEGREES 27"17' WEST 1280.00 FEET TO SAID SOUTHERLY LINE OF LOT 7 AND SAID CENTERLINE OF
FIR AVENUE (VACATED); THENCE ALONG SAID SOUTHERLY LINE OF LOT 7 AND SAID CENTERLINE OF FIR AVENUE
(VACATED) NORTH 89 DEGREES 33"11' WEST 371.16 FEET TO THE TRUE POINT OF BEGINNING.

CONTAINING AN AREA OF 11.056 ACRES, MORE OR LESS.

PARCEL 2:

THAT CERTAIN PARCEL SHOWN AND DESCRIBED AS “PROPOSED PARCEL A” BEING SET FORTH, DESCRIBED AND
CREATED BY THAT CERTAIN LOT LINE ADJUSTMENT NO. 1004 / AND CERTIFICATE OF COMPLIANCE RECORDED
MARCH 29, 2010 AS DOCUMENT NO. 2010-0140637 OF OFFICIAL RECORDS, IN THE OFFICE OF THE COUNTY
RECORDER OF RIVERSIDE COUNTY, CALIFORNIA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

THOSE PORTIONS OF LOTS 1, 2 AND 8 IN BLOCK 33 OF BEAR VALLEY AND ALESSANDRO DEVELOPMENT COMPANY,
IN THE CITY OF MORENO VALLEY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN
BOOK 11 OF MAPS, PAGE 10, OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAN BERNARDINO COUNTY,
CALIFORNIA, DESCRIBED AS FOLLOWS:

EXHIBIT A, PAGE 1

 

 

BEGINNING AT THE SOUTHWESTERLY CORNER OF SAID LOT 8; THENCE ALONG THE SOUTHERLY LINE OF SAID
LOT 8, BEING ALSO THE NORTHERLY LINE OF FIR AVENUE (80 FEET WIDE)
SOUTH 89 DEGREES 33"11' EAST
130.38 FEET; THENCE LEAVING SAID SOUTHERLY LINE OF LOT 8 AND SAID NORTHERLY LINE OF FIR AVENUE,
NORTH 854.59 FEET TO A POINT ON A NON-TANGENT CURVE CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF
497.00 FEET, A RADIAL LINE OF SAID CURVE FROM SAID POINT BEARS NORTH
15 DEGREES 41'23" EAST; THENCE
ALONG SAID CURVE NORTHWESTERLY 103.15 FEET THROUGH A CENTRAL ANGLE OF 11 DEGREES 53'28"; THENCE
TANGENT FROM SAID CURVE NORTH 62 DEGREES 25'09" WEST 49.57 FEET; THENCE NORTH 56 DEGREES 42'31"
WEST 120.60 FEET; THENCE NORTH 62 DEGREES 25'09" WEST 222.69 FEET TO THE BEGINNING OF A TANGENT
CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 800.00 FEET; THENCE ALONG SAID CURVE
NORTHWESTERLY 310.88 FEET THROUGH A CENTRAL ANGLE OF 22 DEGREES 15'55"; THENCE TANGENT FROM SAID
CURVE NORTH 84 DEGREES 41'04" WEST 47.33 FEET TO THE WESTERLY LINE OF SAID LOT 2; THENCE ALONG THE
WESTERLY AND SOUTHERLY LINES OF SAID LOT 2, AND THE WESTERLY LINE OF LOT 8 THE FOLLOWING COURSES:
SOUTH 00 DEGREES 27'24" WEST 550.52 FEET; THENCE SOUTH 89 DEGREES 33'12" EAST 660.21 FEET; THENCE
SOUTH 00 DEGREES 27'19" WEST 620.01 FEET TO THE POINT OF BEGINNING.

CONTAINING AN AREA OF 9.396 ACRES, MORE OR LESS.

PARCEL A:

LOTS 1 AND 8 OF BLOCK 34, MAP NO. 1, OF BEAR VALLEY AND ALESSANDRO DEVELOPMENT COMPANY, IN THE
CITY OF MORENO VALLEY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 11,
PAGE 10 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAN BERNARDINO COUNTY.

TOGETHER WITH THAT PORTION OF FIR AVENUE, VACATED BY RESOLUTION OF THE BOARD OF SUPERVISORS OF
RIVERSIDE COUNTY RECORDED MARCH 27, 1962 AS FILE NO. 27882 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, CALIFORNIA, LYING BETWEEN REDLANDS BOULEVARD, AND SINCLAIR STREET AS SAID STREETS ARE
SHOWN ON THE MAP OF SAID TRACT.

ALSO TOGETHER WITH THAT PORTION OF SINCLAIR STREET ADJACENT ON THE EAST, AS REJECTED FOR
DEDICATION BY THE CITY OF MORENO VALLEY PURSUANT TO THE TERMS AND PROVISIONS OF A DOCUMENT
RECORDED MARCH 31, 2010 AS DOCUMENT NO. 2010-0144493 OF OFFICIAL RECORDS, IN THE OFFICE OF THE
COUNTY RECORDER OF RIVERSIDE COUNTY, CALIFORNIA.

PARCEL B:

PARCELS 1 AND 2 OF PARCEL MAP 12975, IN THE CITY OF MORENO VALLEY, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, AS PER MAP RECORDED IN BOOK 72, PAGE 47 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF RIVERSIDE COUNTY.

ALSO TOGETHER WITH THAT PORTION OF SINCLAIR STREET ADJACENT ON THE WEST, AS REJECTED FOR
DEDICATION BY THE CITY OF MORENO VALLEY PURSUANT TO THE TERMS AND PROVISIONS OF A DOCUMENT
RECORDED MARCH 31, 2010 AS DOCUMENT NO. 2010-0144493 OF OFFICIAL RECORDS, IN THE OFFICE OF THE
COUNTY RECORDER OF RIVERSIDE COUNTY, CALIFORNIA.

PARCEL C:

LOT 4 IN BLOCK 33 OF MAP NO. 1 OF THE LANDS OF THE BEAR VALLEY AND ALESSANDRO DEVELOPMENT COMPANY,
IN THE CITY OF MORENO VALLEY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN
BOOK 11, PAGE 10 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAN BERNARDINO COUNTY,
CALIFORNIA.

PAGE 2

 

 

EXCEPTING THEREFROM THAT PORTION DESCRIBED AS FOLLOWS:

BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 4;

THENCE EASTERLY ON THE NORTHERLY LINE OF SAID LOT 257.00 FEET;

THENCE AT RIGHT ANGLES SOUTHERLY 398.00 FEET;

THENCE AT RIGHT ANGLES WESTERLY 257.00 FEET, TO THE WESTERLY LINE OF SAID LOT;

THENCE NORTHERLY, ON THE WESTERLY LINE OF SAID LOT, 398.00 FEET, TO THE POINT OF BEGINNING.

ALSO TOGETHER WITH THAT PORTION OF SINCLAIR STREET ADJACENT ON THE WEST, AS REJECTED FOR DEDICATION
BY THE CITY OF MORENO VALLEY PURSUANT TO THE TERMS AND PROVISIONS OF A DOCUMENT RECORDED MARCH 31,
2010 AS DOCUMENT NO. 2010-0144493 OF OFFICIAL RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF
RIVERSIDE COUNTY, CALIFORNIA.

PARCEL D:

ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, DESCRIBED
AS FOLLOWS:

LOTS 3 AND 6 OF BLOCK 33 OF MAP NO. 1 OF BEAR VALLEY AND ALESSANDRO DEVELOPMENT COMPANY, IN THE
CITY OF MORENO VALLEY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 11,
PAGE(S) 10, OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAN BERNARDINO COUNTY.

PARCEL E:

LOT 7 IN BLOCK 33, OF MAP NO. 1 OF BEAR VALLEY AND ALESSANDRO DEVELOPMENT COMPANY, IN THE COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP ON FILE IN BOOK 11, PAGE 10 OF MAPS, IN THE OFFICE
OF THE COUNTY RECORDER OF SAN BERNARDINO COUNTY, CALIFORNIA.

PARCEL F:

ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, DESCRIBED
AS FOLLOWS:

LOT 5 OF BLOCK 33 OF MAP NO. 1 OF BEAR VALLEY AND ALESSANDRO DEVELOPMENT CO., IN THE CITY OF
MORENO VALLEY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 11, PAGE 10
OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAN BERNARDINO COUNTY.

ALSO TOGETHER WITH THAT PORTION OF SINCLAIR STREET ADJACENT ON THE WEST, AS REJECTED FOR
DEDICATION BY THE CITY OF MORENO VALLEY PURSUANT TO THE TERMS AND PROVISIONS OF A DOCUMENT
RECORDED MARCH 31, 2010 AS DOCUMENT NO. 2010-0144493 OF OFFICIAL RECORDS, IN THE OFFICE OF THE
COUNTY RECORDER OF RIVERSIDE COUNTY, CALIFORNIA.

PARCEL G:

ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, DESCRIBED
AS FOLLOWS:

PAGE 3

 

 

THE NORTHERLY 160.00 FEET OF THE WESTERLY 120.00 FEET OF LOT 4 IN BLOCK 33, AS PER MAP NO. 1 OF
BEAR VALLEY AND ALESSANDRO DEVELOPMENT COMPANY, IN THE CITY OF MORENO VALLEY, COUNTY OF RIVERSIDE,
STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 11, PAGE 10 OF MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAN BERNARDINO COUNTY.

SAID NORTHERLY 160.00 FEET BEING MEASURED FROM THE SOUTHERLY LINE OF GREVILLEA AVENUE AS SHOWN ON
SAID MAP AND THE WESTERLY 120.00 FEET BEING MEASURED FROM THE EAST LINE OF SINCLAIR STREET AS SHOWN
ON SAID MAP.

ALSO TOGETHER WITH THAT PORTION OF SINCLAIR STREET ADJACENT ON THE WEST, AS REJECTED FOR DEDICATION
BY THE CITY OF MORENO VALLEY PURSUANT TO THE TERMS AND PROVISIONS OF A DOCUMENT RECORDED MARCH 31,
2010 AS DOCUMENT NO. 2010-0144493 OF OFFICIAL RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF
RIVERSIDE COUNTY, CALIFORNIA.

PARCEL AA:

TEMPORARY CONSTRUCTION EASEMENTS FOR GRADING PURPOSES, TOGETHER WITH THE RIGHT TO ENTER ON, ACROSS,
AND WITHIN THE REAL PROPERTY AS SHOWN THEREIN, FOR THE PURPOSE OF CONSTRUCTING THE PLANNED
IMPROVEMENTS AND ASSOCIATED SLOPE AND DRAINAGE AREA GRADING ADJACENT TO AND SOUTH OF EUCALYPTUS
AVENUE AS SHOWN ON ROUGH GRADING PLANS FOR CITY PROJECT NO. PA07-0090, ON FILE WITH THE CITY OF
MORENO VALLEY, AS IRREVOCABLY OFFERED TO HF LOGISTICS-SKX T1, LLC, BY THOSE CERTAIN TEMPORARY
CONSTRUCTION EASEMENTS RECORDED MARCH 26, 2010 AS DOCUMENT NO.’S 2010-0138030, 2010-0138031 AND
2010-0138032, ALL OF OFFICIAL RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF RIVERSIDE COUNTY,
CALIFORNIA.

PAGE 4

 

 

EXHIBIT “B”

DEFINITIONS AND FINANCIAL STATEMENTS

	1.	 	DEFINITIONS: As used in this Agreement and the attached exhibits, the following terms
shall have the
following meanings:

     “AAA” means the American Arbitration Association, or any successor thereof.

     “Adjusted LIBOR Rate” means the quotient obtained by dividing (i) the applicable
London Interbank Offered Rate by (ii) 1.00 minus the LIBOR Reserve Percentage, where,

     “London Interbank Offered Rate” means, with respect to any applicable Interest
Period, the rate per annum equal to the British Bankers’ Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source providing
quotations of BBA LIBOR as selected by Administrative Agent from time to time) at
approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of
the Interest Period, for deposits in U.S. Dollars (for delivery on the first day of such
Interest Period) with a term equivalent to such Interest Period. If such rate is not
available at such time for any reason, then the rate for that Interest Period will be
determined by such alternate method as reasonably selected by Administrative Agent; and

     “LIBOR Reserve Percentage” means, with respect to any applicable Interest
Period, for any day that percentage (expressed as a decimal) which is in effect on such day,
as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for
determining the maximum reserve requirement (including basic, supplemental, emergency,
special and marginal reserves) generally applicable to financial institutions regulated by
the Federal Reserve Board whether or not applicable to any Lender, in respect of
“Eurocurrency liabilities” (or in respect of any other category of liabilities which
includes deposits by reference to which the interest rate on LIBOR Rate Principal is
determined), whether or not any Lender has any Eurocurrency liabilities. The LIBOR Rate
shall be adjusted automatically as of the effective date of each change in the LIBOR Reserve
Percentage.

     “Administrative Agent” means Bank of America, N.A., in its capacity as administrative
agent under any of the Loan Documents, or any successor administrative agent.

     “Administrative Agent Advances” has the meaning set forth in Section 1.16 of
this Agreement.

     “Administrative Agent’s Office” means Administrative Agent’s address and, as
appropriate, account as set forth on the Schedule of Lenders, or such other address or account as
Administrative Agent hereafter may from time to time notify Borrower and Lenders.

     “Administrative Agent’s Time” means the time of day observed in the city where
Administrative Agent’s Office is located.

     “Advance Termination Date” means that date which is thirty (30) days prior to the
Maturity Date (or Extended Maturity Date, if applicable).

     “Affiliate” means any person directly or indirectly through one or more
intermediaries controlling, controlled by, or under direct or indirect common control with, such
person. A person shall be deemed to be “controlled by” any other person if such other person
possesses, directly or indirectly, power (a) to vote 10% or more of the securities (on a fully
diluted basis) having ordinary voting power for the election of directors or managing general
partners or the equivalent; or (b) to direct or cause the direction of the management and policies
of such person whether by contract or otherwise.

     “Agent-Related Persons” means Administrative Agent, together with its Affiliates
(including Arranger), and the officers, directors, employees, agents and attorneys-in-fact of such
persons and Affiliates.

EXHIBIT B, PAGE 1

 

 

     “Aggregate Commitments” means the Commitments of all the Lenders.

     “Aggregate Cost” has the meaning set forth in Section 1.4 of this Agreement.

     “Agreement” has the meaning set forth in the introductory paragraph of this
Agreement, and includes all exhibits attached hereto and referenced in Section 1.1.

     “Appraised Value” means Ninety Five Million and No/100 Dollars ($95,000,000.00).

     “Arranger” means Banc of America Securities LLC, in its capacity as sole lead arranger
and sole book manager.

     “Assignment and Assumption” means an Assignment and Assumption substantially in the
form of Exhibit “L”.

     “Base Rate” means, on any day, a simple rate per annum equal to the sum of the Prime
Rate for that day plus the Base Rate Margin. Without notice to Borrower or anyone else, the Base
Rate shall automatically fluctuate upward and downward as and in the amount by which the Prime
Rate fluctuates.

     “Base Rate Margin” means two and three quarters percent (2.75%) per annum.

     “Base Rate Principal” means, at any time, the Principal Debt minus the portion, if
any, of such Principal Debt which is LIBOR Rate Principal and Letters of Credit which have not
been drawn.

     “Borrower” has the meaning set forth in the introductory paragraph of this
Agreement.

     “Borrower’s Deposit” has the meaning set forth in Section 1.5 of this
Agreement.

     “Budget” means the budget and cost itemization for the Project attached as
Exhibit “D”.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, the state
where Administrative Agent’s Office is located.

     “Cash Collateralize” has the meaning set forth in Section 7 of Exhibit
“K”.

     “City” means the City of Moreno Valley, California.

     “Closing Checklist” means that certain Closing Requirements and Checklist setting
forth the conditions for closing the Loan and recording the Mortgage.

     “Code” has the meaning set forth in Section 2.15 of this Agreement.

     “Commitment” means, as to each Lender, its obligation to advance (a) its Pro Rata
Share of the Loan and (b) purchase participations in L/C Obligations in an aggregate principal
amount not exceeding the amount set forth opposite such Lender’s name on the Schedule of Lenders
at any one time outstanding, as such amount may be adjusted from time to time in accordance with
this Agreement.

     “Completion Date” means the earlier of (a) the date of completion of tenant
improvements pursuant to the terms and provisions of the Lease or (b) twenty (20) months after the
date of this Agreement.

     “Construction Commencement Date” means thirty (30) days after the date of this
Agreement.

     “Construction Consultant” means the construction consultant, if any, engaged by
Administrative Agent with respect to the Project.

EXHIBIT B, PAGE 2

 

 

     “Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and
all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws
of the United States or other applicable jurisdictions from time to time in effect and affecting
the rights of creditors generally.

     “Default” has the meaning set forth in Section 4.1 of this Agreement.

     “Defaulting Lender” means a Lender that fails to pay its Pro Rata Share of a Payment
Amount within five (5) Business Days after notice from Administrative Agent, until such Lender
cures such failure as permitted in this Agreement.

     “Defaulting Lender Amount” means the Defaulting Lender’s Pro Rata Share of a
Payment Amount.

     “Defaulting Lender Payment Amounts” means a Defaulting Lender Amount plus interest
from the date such Defaulting Lender Amount was funded by Administrative Agent and/or an Electing
Lender, as applicable, to the date such amount is repaid to Administrative Agent and/or such
Electing Lender, as applicable, at the rate per annum applicable to such Defaulting Lender Amount
under the Loan or otherwise at the Base Rate.

     “Deferred Up-Front Equity Cash” means that portion of the Up-Front Equity consisting
of the sum of NINE HUNDRED FORTY ONE THOUSAND TWO HUNDRED THIRTY SEVEN AND NO/100 DOLLARS
($941,237.00) in cash which shall be deposited into the Up-Front Equity Account in accordance with
the terms and conditions of this Agreement.

     “Dispute” means any controversy, claim or dispute between or among the parties to
this Agreement, including any such controversy, claim or dispute arising out of or relating to (a)
this Agreement, (b) any other Loan Document, (c) any related agreements or instruments, or (d) the
transaction contemplated herein or therein (including any claim based on or arising from an
alleged personal injury or business tort).

     “Draw Request” has the meaning set forth in Section 1 of Exhibit
“F”.

     “Eligible Assignee” has the meaning set forth in Section 6.5 of this
Agreement.

     “Environmental Agreement” means the Environmental Indemnification and Release
Agreement of even date herewith by and among Borrower, Guarantors and Administrative Agent for the
benefit of Lenders.

     “Excusable Delay” means a delay, not to exceed a total of sixty (60) days, caused by
unusually adverse weather conditions which have not been taken into account in the construction
schedule, fire, earthquake or other acts of God, strikes, lockouts, acts of public enemy, riots or
insurrections or any other unforeseen circumstances or events beyond the control of Borrower
(except financial circumstances or events or matters which may be resolved by the payment of
money), and as to which Borrower notifies Administrative Agent in writing within ten (10) days
after such occurrence; provided, however, no Excusable Delay shall extend the Completion
Date or suspend or abate any obligation of Borrower or any Guarantor or any other person to pay
any money.

     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank on
the Business Day next succeeding such day; provided that (a) if such day is not a Business
Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next
preceding Business Day as so published on the next succeeding Business Day, and (b) if no such
rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate (rounded upwards to the next higher 1/100 of 1%) charged to Bank of
America on such day on such transactions as determined by Administrative Agent.

     “Financial Statements” means (i) for each reporting party other than an individual, a
balance sheet, income statement, a reconciliation of changes in equity and liquidity verification,
annual statements of cash flow and amounts and sources of contingent liabilities, and unless
Administrative Agent otherwise consents, consolidated and consolidating statements if the
reporting party is a holding company or a parent of a subsidiary entity; and (ii) for each

EXHIBIT B, PAGE 3

 

 

reporting party who is an individual, a balance sheet, statements of amount and sources of
contingent liabilities, sources and uses of cash and liquidity verification and, unless
Administrative Agent otherwise consents, Financial Statements for each entity owned or jointly
owned by the reporting party. For purposes of this definition and any covenant requiring the
delivery of Financial Statements, each party for whom Financial Statements are required is a
“reporting party” and a specified period to which the required Financial Statements relate
is a “reporting period”.

     “Funding Date” means the date on which an advance of Loan Proceeds, Up-Front Equity
Cash or Borrower’s Deposit shall occur.

     “Guarantors” means collectively TG Development, Trans LP Holdings, LLC, a Delaware
limited liability company, Boca Ocean Holdings, LLC, a Delaware limited liability company, T/CAL
Holdings, LLC, a Delaware limited liability company, and Island Boulevard Holdings, LLC, a Delaware
limited liability company, jointly and severally (and each of the foregoing is referred to herein
as a “Guarantor”).

     “Improvements” means all on-site and off-site improvements to the Land for industrial
warehouse, office and retail use, to be constructed on the Land and expected to be Leadership in
Energy and Environmental Design certified, together with all fixtures, tenant improvements, and
appurtenances now or later to be located on the Land and/or in such improvements.

     “Indebtedness” means any and all indebtedness to Administrative Agent, or Lenders
evidenced, governed or secured by, or arising under, any of the Loan Documents, including the
Loan.

     “Indemnified Liabilities” has the meaning set forth in Section 6.1.

     “Initial Advance” means the first advance of Up-Front Equity Cash in an amount
requested by Borrower and approved by Administrative Agent in accordance with the terms and
conditions of this Agreement.

     “Initial Advance of Loan Proceeds” means the first advance of any of the Loan
Proceeds which shall be made in accordance with the terms and conditions of this Agreement.

     “Initial Up-Front Equity Cash” means that portion of the Up-Front Equity consisting
of the sum of TWENTY FOUR MILLION FIVE HUNDRED THOUSAND DOLLARS ($24,500,000.00) in cash which
shall be deposited on the date hereof into the Up-Front Equity Account pursuant to the terms and
conditions of this Agreement.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Loan advance.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof.

     “L/C Issuer” means Bank of America, N.A. in its capacity as issuer of Letters of
Credit hereunder or any successor issuer of Letter of Credit hereunder.

     “L/C Obligations” means, as at any date of determination, the aggregate undrawn face
amount of all outstanding Letters of Credit plus the aggregate of all L/C Borrowings.

     “Land” means the real property described in Exhibit “A”.

     “Laws” means all constitutions, treaties, statutes, laws, ordinances, regulations,
rules, orders, writs, injunctions, or decrees of the United States of America, any state or
commonwealth, any municipality, any foreign country, any territory or possession, or any Tribunal.

     “Lease” means, collectively, that certain Lease Agreement dated September 24, 2007 by
and between HF Logistics I, LLC, a Delaware limited liability company (the “Original
Landlord”), as landlord, and Skechers, as tenant, for the lease of the Improvements to be
constructed by Borrower in accordance with the terms and provisions of this Agreement, as modified
by that certain Amendment to Lease Agreement dated December 18, 2009 by and between

EXHIBIT B, PAGE 4

 

 

Original Landlord and Skechers, as assigned to Borrower pursuant to that certain Assignment of
Lease (Skechers Lease) dated April 12, 2010 executed by and between Original Landlord and Borrower,
and as further modified by that certain Second Amendment to Lease Agreement dated April 12, 2010
executed by and between Borrower and Skechers.

     “Lender” means each lender from time to time party to this Agreement and L/C Issuer.

     “Lending Office” means, as to any Lender, the office or offices of such Lender
described as such on the Schedule of Lenders, or such other office or offices as such
Lender may from time to time notify Borrower and Administrative Agent.

     “Letter of Credit” means any letter of credit issued hereunder.

     “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a letter of credit in the form from time to time in use by the L/C Issuer.

     “Letter of Credit Expiration Date” means the day that is seven days prior to the
Maturity Date (or, if such day is not a Business Day, the next preceding Business Day).

     “Letter of Credit Sublimit” means an amount equal to NINETEEN MILLION DOLLARS
($19,000,000.00). The Letter of Credit Sublimit is a part of, and not in addition to, the
combined Commitments.

     “LIBOR Business Day” means a Business Day which is also a London Banking Day.

     “LIBOR Margin” means four and one half percent (4.5%) per annum.

     “LIBOR Rate” means for any applicable Interest Period for any LIBOR Rate Principal, a
simple rate per annum equal to the sum of the LIBOR Margin plus the Adjusted LIBOR Rate.

     “LIBOR Rate Principal” means any portion of the Principal Debt which bears interest
at an applicable LIBOR Rate at the time in question.

     “Loan” means the loan and Letters of Credit by Lenders to Borrower, in the amount of
lesser of (i) $55,000,000.00; (ii) 58% of the Appraised Value; (iii) the payment of 55% of the
costs incident to the Project as specified in the Budget; (iv) 1.40 times the coverage ratio using
stress tests of 8% rate, 30-year amortization and first year NOI as per the approved appraisal. In
the event the aggregate amount of the actual costs incident to the Project are less than the
aggregate amount specified in the Budget, the maximum amount described above shall be reduced by
the difference between the aggregate amount specified in the Budget and the aggregate amount of
such actual costs.

     “Loan Documents” means this Agreement (including all exhibits), the Mortgage, any
Note, the Environmental Agreement, any guaranty, financing statements, the Budget, each Draw
Request, any and all documents, instruments or agreements executed and delivered to evidence,
secure or in connection with all Letters of Credit, and such other documents evidencing, securing
or pertaining to the Loan as shall, from time to time, be executed and/or delivered by Borrower,
each of the Guarantors, or any other party to Administrative Agent or any Lender pursuant to this
Agreement, as they may be amended, modified, restated, replaced and supplemented from time to
time.

     “London Banking Day” means a day on which dealings in dollar deposits are conducted
by and between banks in the London interbank eurodollar market.

     “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the Project, or the operations, business, properties, liabilities (actual or
contingent), condition (financial or otherwise) of the Borrower or the Borrower and its
Subsidiaries taken as a whole; (b) a material impairment of the ability of any party to the Loan
Documents to perform its obligations under any Loan Document to which it is a party; or (c) a
material adverse effect upon the legality, validity, binding effect or enforceability against any
party to the Loan Documents of any Loan Document to which it is a party.

EXHIBIT B, PAGE 5

 

 

     “Material Contract” means any contract for the performance of any work or the
supplying of any labor, materials or services which exceeds FIVE HUNDRED THOUSAND DOLLARS
($500,000.00) in total price.

     “Maturity Date” means twenty four (24) months from the date of this Agreement, as it
may be earlier terminated or extended in accordance with the terms hereof.

     “Mortgage” means the Construction Deed of Trust, Assignment of Rents and Security
Agreement and Fixture Filing dated of even date herewith, from Borrower to Administrative Agent,
securing repayment of the Indebtedness and Borrower’s performance of its other obligations to
Administrative Agent and Lenders under the Loan Documents, as amended, modified, supplemented,
restated and replaced from time to time.

     “Notes” means the Promissory Notes each dated of even date herewith executed by
Borrower and payable to the order of each Lender in the amount of each Lender’s Commitment and
collectively in the maximum principal amount of the Loan, substantially in the form of Exhibit
“M” as amended, modified, replaced, restated, extended or renewed from time to time.

     “Obligations” means all liabilities, obligations, covenants and duties of, any party
to a Loan Document arising under or otherwise with respect to any Loan Document, whether direct or
indirect (including those acquired by assumption), absolute or contingent, due or to become due,
now existing or hereafter arising and including interest and fees that accrue after the
commencement by or against any party to a Loan Document or any Affiliate thereof of any proceeding
under any Debtor Relief Laws naming such person as the debtor in such proceeding, regardless of
whether such interest and fees are allowed claims in such proceedings.

     “Payment Amount” means an advance of the Loan, an unreimbursed Administrative Agent
Advance, an unreimbursed Indemnified Liability, a reimbursement to L/C Issuer for an unreimbursed
drawing under a Letter of Credit or any other amount that a Lender is required to fund under this
Agreement.

     “Permitted Changes” means changes to the Plans or Improvements, including so-called
“field changes”, provided that the cost of any single change or extra does not exceed
FIFTY THOUSAND DOLLARS ($50,000.00) and the aggregate amount of all such changes and extras
(whether positive or negative) does not exceed FIVE HUNDRED THOUSAND DOLLARS ($500,000.00).

     “Plans” means the plans and specifications listed in Exhibit “E” and all
modifications thereof and additions thereto that are included as part of the Plans as the same
shall be approved by Administrative Agent in the exercise of its sole discretion in accordance with
the terms of this Agreement.

     “Potential Default” means any condition or event which with the giving of notice or
lapse of time or both would, unless cured or waived, become a Default.

     “Prime Rate” means, on any day, the rate of interest per annum then most recently
established by Administrative Agent as its “prime rate,” it being understood and agreed that such
rate is set by Administrative Agent as a general reference rate of interest, taking into account
such factors as Administrative Agent may deem appropriate, that it is not necessarily the lowest or
best rate actually charged to any customer or a favored rate, that it may not correspond with
future increases or decreases in interest rates charged by other lenders or market rates in
general, and that Administrative Agent may make various business or other loans at rates of
interest having no relationship to such rate. If Administrative Agent (including any subsequent
Administrative Agent) ceases to exist or to establish or publish a prime rate from which the Prime
Rate is then determined, the applicable variable rate from which the Prime Rate is determined
thereafter shall be instead the prime rate reported in The Wall Street Journal (or the
average prime rate if a high and a low prime rate are therein reported), and the Prime Rate shall
change without notice with each change in such prime rate as of the date such change is reported.

     “Principal Debt” means the aggregate unpaid principal balance of this Loan at the
time in question.

     “Pro Rata Share” means, with respect to each Lender at any time, a fraction expressed
as a percentage, the numerator of which is the amount of the Commitment of such Lender at such
time and the denominator of which is the amount of the Aggregate Commitments at such time or, if
the Aggregate Commitments have been terminated, a

EXHIBIT B, PAGE 6

 

 

fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of
which is the total outstanding amount of all Indebtedness held by such Lender at such time (taking
into account funded participations in L/C Obligations) and the denominator of which is the total
outstanding amount of all Indebtedness at such time. The initial Pro Rata Share of each Lender
named on the signature pages hereto is set forth opposite the name of that Lender on the
Schedule of Lenders.

     “Project” means the acquisition of the Land, the construction of the Improvements,
and if applicable, the leasing and operation of the Improvements.

     “Property” means the Land, the Improvements and all other property constituting the
“Mortgaged Property,” as described in the Mortgage, or subject to a right, lien or security
interest to secure the Loan pursuant to any other Loan Document.

     “Required Lenders” means as of any date of determination at least two Lenders having
at least 66-2/3% of the Aggregate Commitments or, if the Aggregate Commitments have been
terminated, at least two Lenders holding in the aggregate at least 66-2/3% of the total outstanding
amount of all Indebtedness (taking into account funded participations in L/C Obligations);
provided that the Commitment of, and the portion of the total outstanding amount of all
Indebtedness (taking into account funded participations in L/C Obligations) held by, any Defaulting
Lender shall be excluded for purposes of making a determination of Required Lenders.

     “Schedule of Lenders” means the schedule of Lenders party to this Agreement as set
forth on Exhibit “N”, as it may be modified from time to time in accordance with this
Agreement.

     “Skechers” means Skechers U.S.A., Inc., a Delaware corporation.

     “Stored Materials Advance Limit” means THREE MILLION DOLLARS ($3,000,000.00).

     “Subsidiary” means a corporation, partnership, joint venture, limited liability
company or other business entity of which a majority of the shares of securities or other
interests having ordinary voting power for the election of directors or other governing body
(other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise
controlled, directly, or indirectly through one or more intermediaries.

     “Survey” means a survey prepared in accordance with Exhibit “G” or as
otherwise approved by Administrative Agent in its sole discretion.

     “Swap Contract” has the meaning set forth in the Mortgage.

     “Swap Transaction” has the meaning set forth in the Mortgage.

     “Taxes” has the meaning set forth in Section 1.11 of this Agreement.

     “TG Development” means TG Development Corp., a Delaware corporation.

     “Title Company” means First American Title Insurance Company.

     “Title Insurance” means the loan policy or policies of title insurance issued to
Administrative Agent for the benefit of Lenders by the Title Company, in an amount equal to the
maximum principal amount of the Loan, insuring the validity and priority of the Mortgage
encumbering the Land and Improvements for the benefit of Administrative Agent and Lenders.

     “Tribunal” means any state, commonwealth, federal, foreign, territorial or other
court or governmental department, commission, board, bureau, district, authority, agency, central
bank, or instrumentality, or any arbitration authority.

EXHIBIT B, PAGE 7

 

 

     “Up-Front Equity Account” means that certain deposit account number 1499708217 in
the name of Borrower established with Administrative Agent and under the control of Administrative
Agent into which the Up-Front Equity Cash has been deposited and which will be utilized by Borrower
to fund the Total Costs through the advance procedures set forth in Exhibit “F”.

     “Up-Front Equity Cash” means collectively, the Initial Up-Front Equity Cash and the
Deferred Up-Front Equity Cash.

2. FINANCIAL STATEMENTS:

     Borrower shall provide or cause to be provided to Administrative Agent with a copy for each
Lender all of the following:

(a) Financial Statements of Borrower (i) for each fiscal year as soon as reasonably
practicable and in any event within ninety (90) days after the close of each fiscal year.
Financial Statements of Borrower shall be certified by the manager (or managing member as
applicable) of the Borrower.

(b) Financial Statements of TG Development certified by the chief financial officer of TG
Development (i) for each fiscal year as soon as reasonably practicable and in any event
within ninety (90) days after the close of each fiscal year; (ii) for each calendar quarter
as soon as reasonably practicable and in any event within forty-five (45) days after the end
of each calendar quarter; provided that annual statements of cash flow and amounts and
sources of contingent liabilities shall only be provided annually.

(c) Financial Statements of TG Development which are consolidated and consolidating and
which include each of the other Guarantors certified by the chief financial officer of TG
Development (i) for each fiscal year as soon as reasonably practicable and in any event
within ninety (90) days after the close of each fiscal year; and (iv) for each calendar
quarter as soon as reasonably practicable and in any event within forty-five (45) days
after the end of each calendar quarter; provided that annual statements of cash flow and
amounts and sources of contingent liabilities shall only be provided annually.

(d) Prior to commencement of operations of the Improvements, a capital and operating budget
for the Property for its first fiscal year (or portion thereof) of operations; and after
commencement of operations in the Improvements: (i) prior to the beginning of each fiscal
year of Borrower, a capital and operating budget for the Property; and (ii) for each month
(and for the fiscal year through the end of that month) (A) a statement of all income and
expenses in connection with the Property, and (B) if requested by Administrative Agent, a
current leasing status report (including tenants’ names, occupied tenant space, lease
terms, rents, vacant space and proposed rents), including in each case a comparison to the
budget, as soon as reasonably practicable but in any event within fifteen (15) days after
the end of each such month, certified in writing as true and correct by a representative of
Borrower satisfactory to Administrative Agent. Items provided under this paragraph shall be
in form and detail satisfactory to Administrative Agent.

(e) Copies of filed federal and state income tax returns of Borrower and TG Development for
each taxable year, within twenty (20) days after filing but in any event not later than one
hundred twenty (120) days after the close of each such taxable year. Notwithstanding the
foregoing, in the event Borrower or TG Development timely files for an extension for the
filing of a federal or state income tax return and provides Administrative Agent with a
copy of the extension filing within five (5) days of filing same, a copy of the return
shall be provided to Administrative Agent five (5) days after the filing of such return but
in any event not later than the expiration of the applicable extension period.

(f) From time to time promptly after Administrative Agent’s request, such additional
information, reports and statements respecting the Property and the Improvements, or the
business operations and financial condition of each reporting party, as Administrative
Agent may reasonably request.

All Financial Statements shall be in form and detail satisfactory to Administrative Agent and shall
contain or be attached to the signed and dated written certification as required above in form
specified by Administrative Agent to

EXHIBIT B, PAGE 8

 

 

certify that the Financial Statements are furnished to Administrative Agent in connection with
the extension of credit by Lenders and constitute a true and correct statement of the reporting
party’s financial position.

EXHIBIT B, PAGE 9

 

 

EXHIBIT “C”

CONDITIONS PRECEDENT TO THE INITIAL ADVANCE

     As conditions precedent to the Initial Advance, if and to the extent required by
Administrative Agent, Administrative Agent shall have received and approved the following:

     1. Fees and Expenses. Any and all required commitment and other fees, and evidence
satisfactory to Administrative Agent that Borrower has paid all other fees, costs and expenses
(including the fees and costs of Administrative Agent’s counsel) then required to be paid pursuant
to this Agreement and all other Loan Documents, including, without limitation, all fees, costs and
expenses that Borrower is required to pay pursuant to any loan application or commitment.

     2. Financial Statements. The Financial Statements of Borrower and TG Development or
any other party required by any loan application or commitment or otherwise required by
Administrative Agent.

     3. Appraisal. A market value appraisal of the Property made within one hundred eighty
(180) days prior to the date of this Agreement, which appraises the Property on a “completed value”
basis at not less than the Appraised Value. The appraiser and appraisal must be satisfactory to
Administrative Agent (including satisfaction of applicable regulatory requirements) and the
appraiser must be engaged directly by Administrative Agent.

     4. Draw Schedule and Budget. Borrower’s proposed cash flow, draw schedule, and
construction schedule for the Project, and Administrative Agent shall be satisfied, in its sole
discretion, that the Improvements may be completed in accordance with the construction schedule
and for costs not exceeding those set forth in the Budget.

     5. Authorization. Evidence Administrative Agent requires of the existence, good
standing, authority and capacity of Borrower, Guarantors, and their respective constituent
partners, members, managers and owners (however remote) to execute, deliver and perform their
respective obligations to Administrative Agent and Lenders under the Loan Documents, including:

     (a) For each partnership (including a joint venture or limited partnership): (i) a true and
complete copy of an executed partnership agreement or limited partnership agreement, and all
amendments thereto; (ii) for each limited partnership, a copy of the certificate of limited
partnership and all amendments thereto accompanied by a certificate issued by the appropriate
governmental official of the jurisdiction of formation that the copy is true and complete, and
evidence Administrative Agent requires of registration or qualification to do business in the
state where Borrower’s principal place of business is located and the state where the Project is
located, and (iii) a partnership affidavit certifying who will be authorized to execute or attest
any of the Loan Documents, and a true and complete copy of the partnership resolutions approving
the Loan Documents and authorizing the transactions contemplated in this Agreement and the other
Loan Documents.

     (b) For each corporation: (i) a true and complete copy of its articles of incorporation and
by-laws, and all amendments thereto, a certificate of incumbency of all of its officers who are
authorized to execute or attest to any of the Loan Documents, and a true and complete copy of
resolutions approving the Loan Documents and authorizing the transactions contemplated in this
Agreement and the other Loan Documents; and (ii) certificates of existence, good standing and
qualification to do business issued by the appropriate governmental officials in the state of its
formation and, if different, the state in which the Project is located.

     (c) For each limited liability company or limited liability partnership: (i) a true and
complete copy of the articles of organization and operating agreement, and all amendments thereto,
a certificate of incumbency of all of its members who are authorized to execute or attest to any
of the Loan Documents, and a true and complete copy of resolutions approving the Loan Documents
and authorizing the transactions contemplated in this Agreement and the other Loan Documents; and
(ii) certificates of existence, good standing and qualification to do business issued by
appropriate governmental officials in the state of its formation and, if different, the state in
which the Property is located.

EXHIBIT C, PAGE 1

 

 

     (d) For each entity or organization that is not a corporation, partnership, limited
partnership, joint venture, limited liability company or limited liability partnership, a copy of
each document creating it or governing the existence, operation, power or authority of it or its
representatives.

     (e) All certificates, resolutions, and consents required by Administrative Agent applicable
to the foregoing.

     6. Loan Documents. From Borrower, Guarantors and each other person required by
Administrative Agent, duly executed, acknowledged and/or sworn to as required, and delivered to
Administrative Agent (with a copy for each Lender) all Loan Documents then required by
Administrative Agent, dated the date of this Agreement, each in form and content satisfactory to
Administrative Agent, and evidence Administrative Agent requires that the Mortgage has been
recorded in the official records of the city or county in which the Property is located and UCC-1
financing statements have been filed in all filing offices that Administrative Agent may require.

     7. Opinions. The written opinion of counsel satisfactory to Administrative Agent for
the Borrower, Guarantors, and any other persons or entities addressed to Administrative Agent for
the benefit of Lenders, dated the date of this Agreement.

     8. Survey; No Special Flood Hazard. (a) two (2) prints of an original survey (with a
copy for each Lender) of the Land and improvements thereon dated not more than sixty (60) days
prior to the date of this Agreement (or dated such earlier date, if any, as is satisfactory to the
Title Company, but in any event not more than one hundred eighty (180) days prior to the date of
this Agreement) satisfactory to Administrative Agent and the Title Company and otherwise, to the
extent required by Administrative Agent, complying with Exhibit “G”, and (b) a flood
insurance policy (with a copy for each Lender) in an amount equal to the lesser of the maximum
Loan amount or the maximum amount of flood insurance available under the Flood Disaster Protection
Act of 1973, as amended, and otherwise in compliance with the requirements of the Loan Documents,
or evidence satisfactory to Administrative Agent that none of the Land is located in a flood
hazard area.

     9. Title Insurance. An ALTA title insurance policy (or a title insurance commitment
marked through the Loan closing date with all Schedule B-1 requirements and standard exceptions
deleted), issued by the Title Company (which shall be approved by the Administrative Agent) in the
maximum amount of the Loan plus any other amount secured by the Mortgage, insuring that the
Mortgage constitutes a valid lien covering the Land and all Improvements thereon, having the
priority required by Administrative Agent and subject only to those exceptions and encumbrances
(regardless of rank or priority) Administrative Agent approves, in a form acceptable to
Administrative Agent, and with all “standard” exceptions which can be deleted, including the
exception for matters which a current survey would show, deleted to the fullest extent authorized
under applicable title insurance rules, and Borrower shall satisfy all requirements therefor
permitted; containing no exception for standby fees or real estate taxes or assessments other than
those for the year in which the closing occurs to the extent the same are not then due and payable
and endorsed “not yet due and payable” and no exception for subsequent assessments for prior years
(other than any lien of supplemental taxes assessed pursuant to California Revenue and Taxation
Code Section 75, et sq.); providing full coverage against mechanics’ and materialmens’ liens to the
extent authorized under applicable title insurance rules, and Borrower shall satisfy all
requirements therefor; insuring that no restrictive covenants shown in the Title Insurance have
been violated, and that no violation of the restrictions will result in a reversion or forfeiture
of title; insuring all appurtenant easements; insuring that fee simple indefeasible or marketable
(as coverage is available) fee simple title to the Land and Improvements is vested in Borrower;
containing such affirmative coverage and endorsements as Administrative Agent may require and are
available under applicable title insurance rules, and Borrower shall satisfy all requirements
therefor; insuring any easements, leasehold estates or other matters appurtenant to or benefiting
the Land and/or the Improvements as part of the insured estate; insuring the right of access to the
Land to the extent authorized under applicable title insurance rules, and Borrower shall satisfy
all requirements therefor; and containing provisions acceptable to Administrative Agent regarding
advances and/or readvances of Loan funds after closing. Borrower and Borrower’s counsel shall not
have any interest, direct or indirect, in the Title Company (or its agent) or any portion of the
premium paid for the Title Insurance.

     10. Plans. Two (2) true and correct copies of all existing Plans (including the site
plan), together with evidence satisfactory to Administrative Agent that all applicable
governmental authorities, Borrower, Borrower’s architect, engineer, and contractors and
Construction Consultant have approved the same.

EXHIBIT C, PAGE 2

 

 

     11. Contracts. If requested by Administrative Agent (a) a list containing the
names and addresses of all existing material contractors, architects, engineers, and other
suppliers of services and materials for the Project under any Material Contract, their respective
contract amounts, and a copy of their contracts; and (b) duly executed, acknowledged and delivered
originals from each contractor, architect, engineer, subcontractor, or supplier of services or
materials as may be required by Administrative Agent under any Material Contract, of (i) consents
or other agreements satisfactory to Administrative Agent and (ii) agreements satisfactory to
Administrative Agent subordinating all rights, liens, claims and charges they may have or acquire
against Borrower or the Property to the rights, liens and security interests of Lenders.

     12. Insurance Policies. The insurance policies initially required by Administrative
Agent, pursuant to the Loan Documents, together with evidence satisfactory to Administrative Agent
that all premiums therefor have been paid for a period of not less than one (1) year from the date
of this Agreement and that the policies are in full force and effect.

     13. Leases. If Exhibit “I” is attached hereto, (i) true and correct copies of
all leases and subleases, and guarantees thereof; (ii) estoppel certificates and subordination
non-disturbance and attornment agreements, dated within thirty (30) days prior to this Agreement in
form and content satisfactory to Administrative Agent, from the tenants and subtenants as
Administrative Agent requires; (iii) evidence satisfactory to Administrative Agent of Borrower’s
compliance with the leases; and (iv) evidence satisfactory to Administrative Agent of the tenants’
approval of all matters requiring their approval.

     14. Environmental Compliance/Report. Evidence satisfactory to Administrative Agent
that no portion of the Land is “wetlands” under any applicable Law and that the Land does not
contain and is not within or near any area designated as a hazardous waste site by any Tribunal,
that neither the Property nor any adjoining property contains or has ever contained any substance
classified as hazardous or toxic (or otherwise regulated, such as, without limitation, asbestos,
radon and/or petroleum products) under any Law or governmental requirement pertaining to health or
the environment, and that neither the Property nor any use or activity thereon violates or is or
could be subject to any response, remediation, clean-up or other obligation under any Law or
governmental requirement pertaining to health or the environment including without limitation, a
written report of an environmental assessment of the Property, made within twelve (12) months
prior to the date of this Agreement, by an engineering firm, and of a scope and in form and
content satisfactory to Administrative Agent, complying with Administrative Agent’s established
guidelines, showing that there is no evidence of any such substance which has been generated,
treated, stored, released or disposed of in the Property, and such additional evidence as may be
required by Administrative Agent. All reports, drafts of reports, and recommendations, whether
written or oral, from such engineering firm shall be made available and communicated to
Administrative Agent.

     15. Soil Reports. A soil composition and test boring report and a foundation report
satisfactory to Administrative Agent regarding the Land, made within three (3) years prior to the
date of this Agreement, by a licensed professional engineer satisfactory to Lenders.

     16. Access, Utilities, and Laws. (a) evidence satisfactory to Administrative Agent
that the Property abuts and has fully adequate direct and free access to one or more public
streets, dedicated to public use, fully installed and accepted by the appropriate Tribunal, that
all fees, costs and expenses of the installation and acceptance thereof have been paid in full,
and that there are no restrictions on the use and enjoyment of such streets which would adversely
affect the Project; (b) letters from the applicable utility companies or governmental authorities
confirming that all utilities necessary for the Improvements are available at the Land in
sufficient capacity, together with evidence satisfactory to Administrative Agent of paid impact
fees, utility reservation deposits, and connection fees required to assure the availability of
such services; (c) evidence satisfactory to Administrative Agent that all applicable zoning
ordinances, restrictive covenants and governmental requirements affecting the Property permit the
use for which the Property is intended and have been or will be complied with without the
existence of any variance, non-complying use, nonconforming use or other special exception; (d)
evidence satisfactory to Administrative Agent that the Land and Improvements comply and will
comply with all Laws and governmental requirements regarding subdivision and platting and would so
comply if the Land and the Improvements thereon were conveyed as a separate parcel; (e) evidence
satisfactory to Administrative Agent of compliance by Borrower and the Property, and the proposed
construction, use and occupancy of the Improvements, with such other applicable Laws and
governmental requirements

EXHIBIT C, PAGE 3

 

 

as Administrative Agent may request, including all Laws and governmental requirements
regarding access and facilities for handicapped or disabled persons including, without limitation
and to the extent applicable; any other applicable state of California requirements; The Federal
Architectural Barriers Act (42 U.S.C. § 4151 et seq.); The Fair Housing Amendments Act of 1988 (42
U.S.C. § 3601 et seq.); The Americans With Disabilities Act of 1990 (42 U.S.C. § 12101 et seq.);
The Rehabilitation Act of 1973 (29 U.S.C. § 794) and any other state or local requirements; and
(f) written evidence satisfactory to Administrative Agent that construction of the Improvements on
the Land is permissible under all federal, state and local statutes, regulations and rulings
protecting tidal and non-tidal wetlands and other environmentally protected areas.

     17. Priority. (a) evidence satisfactory to Administrative Agent that prior to and as
of the time the Mortgage was filed for record (i) no activity or circumstance was visible on or
near the Land which would constitute inception of a mechanic’s or materialman’s lien against the
Property; (ii) no contract, or memorandum thereof, for construction, design, surveying, or any
other service relating to the Project has been filed for record in the county where the Property
is located; and (iii) no mechanic’s or materialman’s lien claim or notice, lis pendens, judgment,
or other claim or encumbrance against the Property has been filed for record in the county where
the Property is located or in any other public record which by Law provides notice of claims or
encumbrances regarding the Property; (b) a certificate or certificates of a reporting service
acceptable to Administrative Agent, reflecting the results of searches made not earlier than ten
(10) days prior to the date of this Agreement, (i) of the central and local Uniform Commercial
Code records, showing no filings against any of the collateral for the Loan or against Borrower
otherwise except as consented to by Administrative Agent; and (ii) if required by Administrative
Agent, of the appropriate judgment and tax lien records, showing no outstanding judgment or tax
lien against Borrower or any Guarantor.

     18. Bonds. (a) a performance bond for the general contractor in amount, form and
content satisfactory to Administrative Agent and (b) a payment bond for the general contractor, in
form and content satisfactory to Administrative Agent, and if required by Administrative Agent duly
recorded before any construction is commenced. Each bond shall be issued by a corporate surety
acceptable to Administrative Agent and authorized and admitted to do business and to execute bonds
in the state where the Project is located and contain a dual obligee rider with power of attorney
in favor of Administrative Agent in form and content satisfactory to Administrative Agent.

     19. Taxes and Impact Fees. Evidence satisfactory to Administrative Agent (a) of the
identity of all taxing authorities and utility districts (or similar authorities) having
jurisdiction over the Property or any portion thereof; (b) that to the extent they have been
assessed, all taxes, impact fees, water and sewer connection charges and any other similar charges
have been paid, including copies of receipts or statements marked “paid” by the appropriate
authority; and (c) that the Land is a separate tax lot or lots with separate assessment or
assessments of the Land and Improvements, independent of any other land or improvements and that
the Land is a separate legally subdivided parcel.

     20. Intentionally Omitted.

     21. Other Documents. Such other documents and certificates as Administrative Agent
may reasonably request from Borrower, any Guarantor, and any other person or entity, in form and
content satisfactory to Administrative Agent.

     22. Intentionally Omitted.

     23. Intentionally Omitted.

     24. Up-Front Equity. Evidence satisfactory to Administrative Agent that all
components of the Up-Front Equity has been fully paid and funded except for the Deferred Up-Front
Equity Cash (it being acknowledged and agreed to that prior to first Advance of Loan Proceeds, the
Deferred Up-Front Equity Cash shall be deposited by Borrower into the Up-Front Equity Account).

     25. Borrower Identification Due Diligence. Administrative Agent and each Lender shall
have received all due diligence materials they deem necessary with respect to verifying the
Borrower’s identity and background information in a manner satisfactory to each of them.

EXHIBIT C, PAGE 4

 

 

EXHIBIT “D”

BUDGET

EXHIBIT D, PAGE 1

 

 

EXHIBIT “D”

BUDGET — HF Logistics-SKX T1, LLC

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	$ Per Sq. Ft.	 	% of	 	$ Per Sq. Ft.	 	 	 	 
	LINE ITEMS	 	of Land Area	 	Total Costs	 	of Bldg Area	 	$ Per Unit	 	Total Costs
	LAND
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land Acquisition (Cost)
	 	 	5.00	 	 	 	14.4	%	 	 	9.40	 	 	 	0	 	 	 	17,120,000.00	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SUB-TOTAL LAND
	 	 	5.00	 	 	 	14.4	%	 	 	9.40	 	 	 	—	 	 	 	17,120,000.00	 
	 
	HARD COSTS
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	GC Contract (Prime Contract)
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	GC Contract (Eucalyptus St. Costs)
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	Pre-Purchased Items (paid by Borrower equity)
	 	 	 	 	 	 	1.2	%	 	 	0.78	 	 	 	0	 	 	 	1,413,114.00	 
	Borrower’s General Conditions
	 	 	 	 	 	 	0.2	%	 	 	0.13	 	 	 	0	 	 	 	233,000.00	 
	Previous Site Prep (already paid by Borrower)
	 	 	 	 	 	 	0.4	%	 	 	0.24	 	 	 	0	 	 	 	429,149.00	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	 0	 	 	 	 	 
	Hard Costs Contingency
	 	 	[*]	%	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SUB-TOTAL HARD COSTS
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	—	 	 	 	[*]	 
	 
	SOFT COSTS
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Architectural, Engineering and Other Consultants
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	Government Fees
	 	 	 	 	 	 	2.6	%	 	 	1.68	 	 	 	0	 	 	 	3,058,000.00	 
	Construction Sureties
	 	 	 	 	 	 	0.3	%	 	 	0.19	 	 	 	0	 	 	 	337,000.00	 
	Impact Fees
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	Insurance and Taxes
	 	 	 	 	 	 	1.0	%	 	 	0.65	 	 	 	0	 	 	 	1,184,000.00	 
	Leasing Commissions
	 	 	 	 	 	 	1.9	%	 	 	1.24	 	 	 	0	 	 	 	2,250,000.00	 
	Skecher’s Alternative Site Rental
	 	 	 	 	 	 	0.8	%	 	 	0.55	 	 	 	0	 	 	 	1,000,000.00	 
	Entitlements
	 	 	 	 	 	 	2.1	%	 	 	1.39	 	 	 	0	 	 	 	2,537,000.00	 
	Development Management Fee
	 	 	 	 	 	 	0.6	%	 	 	0.42	 	 	 	0	 	 	 	761,924.00	 
	Project and Construction Management
	 	 	 	 	 	 	2.4	%	 	 	1.56	 	 	 	0	 	 	 	2,843,000.00	 
	Solar Facility
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	Closing/legal Costs
	 	 	 	 	 	 	0.2	%	 	 	0.12	 	 	 	0	 	 	 	227,052.00	 
	Site Grading and Other Cash Sureties
	 	 	 	 	 	 	1.3	%	 	 	0.84	 	 	 	0	 	 	 	1,535,076.00	 
	Additional Cash Collateral (CD)
	 	 	 	 	 	 	4.6	%	 	 	3.02	 	 	 	0	 	 	 	5,500,000.00	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	Fees
	 	 	 	 	 	 	0.6	%	 	 	0.41	 	 	 	0	 	 	 	737,500.00	 
	Developer’s Fee
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	Interest Reserve
	 	 	 	 	 	 	1.7	%	 	 	1.10	 	 	 	0	 	 	 	2,000,000.00	 
	Operating Deficit
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	Soft Cost Contingency
	 	 	0.0	%	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SUB-TOTAL SOFT COSTS
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	 
	TOTAL BUDGET
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	 
	EQUITY / OTHER SOURCES OF FUNDS
	 	TIMING	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Upfront Equity
	 	Upfront	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	Upfront Equity (contribution from HF Logistics SKX
T2)
	 	Upfront	 	 	0.1	%	 	 	0.08	 	 	 	0	 	 	 	150,000.00	 
	Additional Cash Collateral (CD)
	 	Not Equity	 	 	4.6	%	 	 	3.02	 	 	 	0	 	 	 	5,500,000.00	 
	Deferred Equity (Covered by Grant subject to Exhibit F
	 	Deferred	 	 	0.8	%	 	 	0.55	 	 	 	0	 	 	 	1,000,000.00	 
	Section 2.(f) of the Loan Agreement)
	 	 	 	 	 	 	0.0	%	 	 	—	 	 	 	0	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SUB-TOTAL EQUITY/OTHER SOURCES OF FUNDS
	 	 	 	 	 	 	[*]	%	 	 	[*]	 	 	 	0	 	 	 	[*]	 
	 
	LOAN PROCEEDS
	 	 	 	 	 	 	46.1	%	 	 	30.21	 	 	 	0	 	 	 	55,000,000.00	 
	 

 

			
	*	 	Confidential Portions Omitted and Filed Separately with the Commission.

 

 

EXHIBIT “E”

PLANS

EXHIBIT E, PAGE 1

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

EXHIBIT “E”

DRAWING LOG

SKECHERS DISTRIBUTION CENTER

29800 Eucalyptus Avenue, Rancho Belago, California 92555

	 	 	 	 	 	 	 

	ARCHITECTURAL

	A0.1

	 	Highland Fairview Corporate Park Title Sheet — ASI #2
	 	11/11/2008
	 	Delta 2
	A0.2

	 	Highland Fairview Corporate Park General Sheet
	 	5/21/2008	 	 
	A0.3.1

	 	Disability Access Notes
	 	5/21/2008	 	 
	A0.3.2

	 	Disability Access Notes
	 	5/21/2008	 	 
	A0.3.3

	 	Disability Access Notes
	 	5/21/2008	 	 
	A1.1

	 	Overall Site Plan
	 	5/21/2008	 	 
	A1.2

	 	Enlarged Site Plan
	 	5/21/2008	 	 
	A1.3

	 	Enlarged Site Plan
	 	5/21/2008	 	 
	A1.4

	 	Enlarged Site Plan
	 	12/4/2008
	 	Delta 4
	A1.5

	 	Enlarged Site Plan
	 	12/4/2008
	 	Delta 5
	A1.6

	 	Enlarged Site Plan
	 	12/4/2008
	 	Delta 6
	A1.7

	 	Pump House Plans
	 	5/21/2008	 	 
	A1.8

	 	Enlarged Site Plan
	 	12/4/2008
	 	Delta 4
	A2.1

	 	Overall Floor Plan
	 	5/21/2008	 	 
	A2.2

	 	Enlarged Floor Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	A2.3

	 	Enlarged Mezzanine Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	A2.4

	 	Enlarged Floor Plan
	 	5/21/2008	 	 
	A2.5

	 	Enlarged Floor Plan
	 	5/21/2008	 	 
	A2.6

	 	Enlarged Floor Plan
	 	5/21/2008	 	 
	A2.7

	 	Enlarged Floor Plan — ASI #2
	 	11/11/2008
	 	Delta 3
	A2.8

	 	Enlarged Restroom Plan
	 	5/21/2008	 	 
	A2.9

	 	Enlarged Restroom Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	A2.10

	 	Enlarged Stair Plan
	 	5/21/2008	 	 
	A2.11

	 	Reflected Ceiling Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	A2.12

	 	Reflected Ceiling Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	A2.13

	 	Reflected Ceiling Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	A2.14

	 	Floor Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	A2.15

	 	Enlarged Floor Plan
	 	5/21/2008	 	 
	A2.16

	 	Enlarged Roof Plan
	 	5/21/2008	 	 
	A3.1

	 	Elevations
	 	5/21/2008	 	 
	A3.2

	 	Elevations
	 	5/21/2008	 	 
	A3.3

	 	Elevations
	 	5/21/2008	 	 
	A3.4

	 	Elevations
	 	5/21/2008	 	 
	A3.5

	 	Elevations — ASI #2
	 	11/11/2008
	 	Delta 2
	A4.1

	 	Wall Section
	 	5/21/2008	 	 
	A4.2

	 	Wall Section — ASI #2
	 	11/11/2008
	 	Delta 2
	A4.3

	 	Wall Section
	 	5/21/2008	 	 
	A4.4

	 	Wall Section
	 	5/21/2008	 	 
	A4.5

	 	Wall Section
	 	5/21/2008	 	 

 

 

Contract# MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	ARCHITECTURAL CONTINUATION

	A4.6

	 	Wall Section
	 	5/21/2008	 	 
	A4.7

	 	Wall Section
	 	5/21/2008	 	 
	A5.1

	 	Room Finish Schedule — ASI #2
	 	11/11/2008
	 	Delta 3
	A5.1A

	 	Door Hardware Schedule
	 	5/21/2008	 	 
	A5.2

	 	Door Schedule
	 	11/11/2008
	 	Delta 2
	A5.3

	 	Room Finish Legend — ASI #2
	 	11/11/2008
	 	Delta 2
	A5.4

	 	First Floor Office Finish Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	A5.5

	 	Mezzanine Finish Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	A5.6

	 	Finish Plan @ Warehouse
	 	5/21/2008	 	 
	A6.1

	 	Interior Elevations — ASI #2
	 	11/11/2008
	 	Delta 2
	A6.2

	 	Interior Elevations — ASI #3
	 	11/11/2008
	 	Delta 3
	A6.3

	 	Interior Elevations — ASI #4
	 	11/11/2008
	 	Delta 4
	A6.4

	 	Interior Elevations
	 	5/21/2008	 	 
	A6.5

	 	Interior Elevations
	 	5/21/2008	 	 
	A6.6

	 	Interior Elevations — ASI #2
	 	11/11/2008
	 	Delta 2
	A6.7

	 	Not Used	 	 	 	 
	A6.8

	 	Interior Elevations
	 	5/21/2008	 	 
	A6.9

	 	Interior Elevations
	 	5/21/2008	 	 
	A6.10

	 	Interior Elevations
	 	5/21/2008	 	 
	AD.1

	 	Details
	 	5/21/2008	 	 
	AD.1A

	 	Site Details for ADA Access
	 	12/4/2009
	 	Delta 4
	AD.2

	 	Details
	 	5/21/2008	 	 
	AD.3

	 	Details — ASI #1
	 	9/15/2008
	 	Delta 1
	AD.3A

	 	Details — ASI #3
	 	12/30/2008
	 	Delta 5
	AD.4

	 	Details
	 	5/21/2008	 	 
	AD.5

	 	Details
	 	5/21/2008	 	 
	AD.6

	 	Details
	 	5/21/2008	 	 
	AD.7

	 	Details
	 	5/21/2008	 	 
	AD.8

	 	Details
	 	5/21/2008	 	 
	AD.9

	 	Details
	 	5/21/2008	 	 
	AD.10

	 	Details — ASI #2
	 	11/11/2008
	 	Delta 2
	AD.11

	 	Details — ASI #2
	 	11/11/2008
	 	Delta 2
	EGRESS PLAN

	T01

	 	Title Layout Egress Plan West Section
	 	12/10/2008
	 	Rev. 05
	T02

	 	Title Layout Egress Plan Center Section Mezzanine Level
	 	12/10/2008
	 	Rev. 05
	T03

	 	Title Layout Egress Plan Center Section Floor Level
	 	12/10/2008
	 	Rev. 05
	T04

	 	Title Layout Egress Plan East Section
	 	12/10/2008
	 	Rev. 05
	 

	 	Floor Level Restrooms / Mezzanine Level Restrooms
	 	12/10/2008	 	 
	STRUCTURAL

	S1

	 	Foundation Plan — ASI #4
	 	1/28/2009
	 	(Delta 6)
	S2

	 	Foundation Plan — ASI #4
	 	1/28/2009
	 	(Delta 6)
	S3

	 	Foundation Plan — ASI #4
	 	1/28/2009
	 	(Delta 6)
	S4

	 	Partial Enlarged Foundation Plan — ASI #4
	 	1/28/2009
	 	(Delta 6)
	S5

	 	Partial Enlarged Foundation Plan
	 	7/25/2008	 	 
	S6

	 	Partial Enlarged Foundation Plan
	 	7/25/2008	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	STRUCTURAL CONTINUATION

	S7

	 	Partial Enlarged Foundation Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	S8

	 	Mezzanine Floor Framing Plan — ASI #2
	 	11/11/2008
	 	Delta 3
	S9

	 	Partial Roof Framing Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	S10

	 	Partial Roof Framing Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	S11

	 	Partial Roof Framing Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	S12

	 	Roof Information
	 	7/25/2008	 	 
	S13

	 	Partial Enlarged Roof Framing Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	S14

	 	Partial Enlarged Roof Framing Plan — ASI #1
	 	9/15/2008
	 	Delta 1
	S15

	 	Partial Enlarged Roof Framing Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	S15A

	 	Curtain Wall Framing Plan
	 	7/25/2008	 	 
	S16

	 	Partial Enlarged Roof Framing Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	S17

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S18

	 	Panel Elevation — ASI #1
	 	9/16/2008
	 	Delta 1
	S19

	 	Panel Elevation — ASI #1
	 	9/17/2008
	 	Delta 1
	S20

	 	Panel Elevation — ASI #2
	 	11/11/2008
	 	Delta 3
	S21

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S22

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S23

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S24

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S25

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S26

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S27

	 	Panel Elevation — ASI #2
	 	11/11/2008
	 	Delta 2
	S28

	 	Panel Elevation — ASI #2
	 	11/11/2008
	 	Delta 2
	S29

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S30

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S31

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S32

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S33

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S34

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S35

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S36

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S37

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S38

	 	Panel Elevation — ASI #1
	 	9/15/2008
	 	Delta 1
	S39

	 	Panel Elevation
	 	7/25/2008	 	 
	S40

	 	Panel Elevation — ASI #2
	 	11/11/2008
	 	Delta 2
	S41

	 	Panel Elevation — ASI #2
	 	11/11/2008
	 	Delta 2
	SD1

	 	General Notes
	 	7/25/2008	 	 
	SD1A

	 	Special Inspections
	 	7/25/2008	 	 
	SD2

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Delta 2
	SD3

	 	Construction Details
	 	7/25/2008	 	 
	SD4

	 	Construction Details
	 	7/25/2008	 	 
	SD5

	 	Construction Details — ASI #1
	 	9/15/2008
	 	Delta 1
	SD6

	 	Construction Details
	 	7/25/2008	 	 
	SD7

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Detail 2
	SD8

	 	Construction Details — ASI #4
	 	1/28/2009
	 	Detail 6

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	STRUCTURAL CONTINUATION

	SD9

	 	Construction Details
	 	7/25/2008	 	 
	SD10

	 	Construction Details — ASI #1
	 	9/15/2008
	 	Delta 1
	SD11

	 	Construction Details — ASI #1
	 	9/15/2008
	 	Delta 1
	SD12

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Detail 2
	SD13

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Detail 2
	SD14

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Detail 2
	SD15

	 	Construction Details — ASI #1
	 	9/15/2008
	 	Delta 1
	SD16

	 	Construction Details — ASI #1
	 	9/15/2008
	 	Delta 1
	SD17

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Detail 2
	SD18

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Detail 2
	SD19

	 	Construction Details
	 	7/25/2008	 	 
	SD20

	 	Construction Details — ASI #1
	 	9/15/2008
	 	Delta 1
	SD21

	 	Construction Details
	 	7/25/2008	 	 
	SD22

	 	Construction Details — ASI #1
	 	9/15/2008
	 	Delta 1
	SD23

	 	Construction Details — ASI #2
	 	11/11/2008
	 	Delta 2
	SD24

	 	Construction Details — ASI #3
	 	12/30/2008
	 	Delta 5
	SPH1

	 	Construction Details
	 	7/25/2008	 	 
	SPH2

	 	Construction Details
	 	7/25/2008	 	 
	SPH3

	 	General Notes
	 	7/25/2008	 	 
	MECHANICAL

	M-0.0

	 	Title Sheet
	 	11/14/2008	 	 
	M-0.1

	 	Title 24
	 	11/14/2008	 	 
	M-1

	 	Schedules & Notes
	 	11/14/2008
	 	Delta 2
	M-1.1

	 	Schedules — ASI #4
	 	1/21/2009
	 	Delta 6
	M-2

	 	Partial Roof Plan
	 	11/14/2008
	 	Delta 2
	M-3

	 	Partial Roof Plan
	 	11/14/2008
	 	Delta 2
	M-4

	 	Partial Floor Plan — ASI #4
	 	1/21/2009
	 	Delta 6
	M-5

	 	Mezzanine Floor Plan — ASI #2
	 	11/13/2008
	 	Delta 3
	M-6

	 	Partial Floor Plan — ASI #4
	 	1/21/2009
	 	Delta 6
	M-7

	 	Partial Roof Plan
	 	11/14/2008
	 	Delta 2
	M-8

	 	Partial Roof Plan — ASI #4
	 	1/21/2009
	 	Delta 6
	M-9

	 	Details
	 	11/14/2008
	 	Delta 2
	M-10

	 	Controls — ASI #4
	 	1/21/2009
	 	Delta 6
	PLUMBING

	P-1

	 	Specifications & Calculations — ASI #4
	 	1/28/2009
	 	Delta 6
	P-2

	 	Overall Site Plan ASI #4
	 	1/28/2009
	 	Delta 6
	P-2.1

	 	Partial Site Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	P-2.2

	 	Partial Site Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	P-3

	 	Partial Floor, Roof Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	P-4

	 	Partial Floor, Roof Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	P-5

	 	Partial Floor, Roof Plan
	 	11/14/2008
	 	Delta 2
	P-6

	 	Restroom Details ASI #4
	 	1/28/2009
	 	Delta 6
	P-7

	 	Restroom Details
	 	11/11/2008
	 	Delta 2
	P-8

	 	Restroom Details
	 	11/11/2008
	 	Delta 2
	P-9

	 	Restroom Details
	 	11/11/2008
	 	Delta 2

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	PLUMBING CONTINUATION

	P-10

	 	Restroom Details
	 	11/11/2008
	 	Delta 2
	P-11

	 	Restroom Details
	 	11/11/2008
	 	Delta 2
	P-12

	 	Restroom Details
	 	11/11/2008
	 	Delta 2
	P-13

	 	Restroom Details
	 	11/11/2008
	 	Delta 2
	P-14

	 	Restroom Details
	 	11/11/2008
	 	Delta 2
	P-15

	 	Waste & Vent Isometrics
	 	11/11/2008
	 	Delta 2
	P-16

	 	Hot & Cold Water Isometrics
	 	11/11/2008
	 	Delta 2
	P-17

	 	Plumbing Details — ASI #4
	 	1/28/2009
	 	Delta 6
	ELECTRICAL

	EO.1

	 	Specifications, Symbols & Abbreviations
	 	11/14/2008	 	 
	EO.2

	 	Outdoor Title 24 — ASI #4
	 	1/28/2009
	 	Delta 6
	EO.3

	 	Indoor Title 24 — ASI #4
	 	1/28/2009
	 	Delta 6
	E1.1A

	 	Partial Site Electrical Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	E1.1B

	 	Partial Site Electrical Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	E1.2A

	 	Partial Site Lighting Plan
	 	11/14/2008	 	 
	E1.2B

	 	Partial Site Lighting Plan
	 	11/14/2008	 	 
	E1.2C

	 	Partial Site Photometric Plan
	 	11/14/2008	 	 
	E1.2D

	 	Partial Site Photometric Plan
	 	11/14/2008	 	 
	E2.1

	 	Single Line Diagram — ASI #2
	 	11/11/2008
	 	Delta 2
	E2.2

	 	Single Line Diagram — ASI #4
	 	1/28/2009
	 	Delta 6
	E2.3

	 	Single Line Diagram — ASI #4
	 	1/28/2009
	 	Delta 6
	E2.4

	 	Single Line Diagram — ASI #2
	 	11/11/2008
	 	Delta 2
	E2.5

	 	Single Line Diagram — ASI #4
	 	1/28/2009
	 	Delta 6
	E2.6

	 	Single Line Diagram — ASI #2
	 	11/11/2008
	 	Delta 2
	E2.7

	 	Single Line Diagram — ASI #4
	 	1/28/2009
	 	Delta 6
	E3.1

	 	Warehouse Electrical Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	E3.2

	 	Warehouse Underground Conduit Plan
	 	11/14/2008	 	 
	E3.3

	 	Partial Warehouse Lighting Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E3.4

	 	Partial Warehouse Lighting Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E3.5

	 	Partial Warehouse Lighting Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E3.6

	 	Partial Warehouse Lighting Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E3.7

	 	Partial Warehouse Lighting Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E3.8

	 	Partial Warehouse Lighting Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E4

	 	Warehouse Electrical Roof Plan
	 	11/14/2008	 	 
	E5.1

	 	Enlarged Main Office Ground Floor Lighting Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	E5.2

	 	Enlarged Main Office Second Floor Lighting Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E5.3

	 	Enlarged Warehouse Office Lighting Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	E6.1

	 	Enlarged Main Office Ground Floor Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E6.2

	 	Enlarged Main Office Second Floor Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E6.3

	 	Enlarged Main Office Roof Plan — ASI #2
	 	11/11/2008
	 	Delta 2
	E6.4

	 	Enlarged Warehouse Office Power Plan — ASI #4
	 	1/28/2009
	 	Delta 6
	E6.5

	 	Enlarged Dock Door Power Plans — ASI #2
	 	11/11/2008
	 	Delta 2
	E7

	 	Details — ASI #2
	 	11/11/2008
	 	Delta 2
	E8.1

	 	Wiring Diagram — ASI #2
	 	11/11/2008
	 	Delta 2
	E8.2

	 	Wiring Diagram & Fixture Schedule — ASI #2
	 	11/11/2008
	 	Delta 2

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	ELECTRICAL CONTINUED

	E8.3

	 	Wiring Diagrams — ASI #2
	 	11/11/2008
	 	Delta 2
	E8.4

	 	Wiring Diagrams — ASI #2
	 	11/11/2008
	 	Delta 2
	E9

	 	Schedules — ASI #4
	 	1/28/2009
	 	Delta 6
	E10

	 	Schedules — ASI #4
	 	1/28/2009
	 	Delta 6
	E11

	 	Schedules — ASI #4
	 	1/28/2009
	 	Delta 6
	E12

	 	Schedules — ASI #4
	 	1/28/2009
	 	Delta 6
	E13

	 	Schedules — ASI #4
	 	1/28/2009
	 	Delta 6
	E14

	 	Schedules — ASI #4
	 	1/28/2009
	 	Delta 6
	EFP1

	 	Fire Pump House Plan
	 	11/14/2008	 	 
	FIRE PROTECTION PARCEL 1 / SKECHERS

	HFCP

	 	Cover Page	 	 	 	 
	FP 1

	 	Underground Fire Master Plan
	 	7/29/2008	 	 
	FP 2

	 	Enlarged Underground Fire Piping Part I
	 	7/29/2008	 	 
	FP 3

	 	Enlarged Underground Fire Piping Part II
	 	7/29/2008	 	 
	FP 4

	 	Underground Fire Notes / Details
	 	7/29/2008	 	 
	FP 5

	 	Diesel Fire Pump Plans & Details
	 	7/29/2008	 	 
	FP 6

	 	Overhead Master Plan Area “A” (reference only)
	 	7/29/2008	 	 
	FP 7

	 	Overhead Master Plan Area “B” (reference only)
	 	7/29/2008	 	 
	FP 8

	 	Overhead Master Plan Area “C” (reference only)
	 	7/29/2008	 	 
	FP 9

	 	System 1 — 4 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 10

	 	System 5 — 9 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 11

	 	System 10 — 14 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 12

	 	System 15 — 19 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 13

	 	System 20 — 24 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 14

	 	System 25 — 29 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 15

	 	System 30 — 34 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 16

	 	System 35 — 39 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 17

	 	System 40 — 44 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 18

	 	System 45 — 48 Overhead Piping Plan
	 	2/12/2009	 	 
	FP 19

	 	Building Section & Maximum Storage Heights
	 	2/12/2009	 	 
	FP 20

	 	Overhead Sprinkler Layout Notes
	 	2/12/2009	 	 
	FP 21

	 	1st Floor Room Coverage Plan
	 	2/12/2009	 	 
	FP 22

	 	Mezzanine Piping Plan & Details
	 	2/12/2009	 	 
	FP 23

	 	2 Second Floor Room Coverage Plan
	 	2/12/2009	 	 
	FP 24

	 	2 Second Floor Piping Enlarged
	 	2/12/2009	 	 
	FP 25

	 	Warehouse Office Room Coverage Plans & Piping Enlargements
	 	2/12/2009	 	 
	SR 60 CONSTRUCTION STAGING PLAN

	SC 1

	 	Stage Construction
	 	4/9/2010	 	 
	TH 01

	 	Traffic Handling / Construction area Sign Plan
	 	4/9/2010	 	 
	TH 02

	 	Traffic Handling / Construction area Sign Plan
	 	4/9/2010	 	 
	TH 03

	 	Traffic Handling / Construction area Sign Plan
	 	4/9/2010	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	REDLANDS BLVD. TRAFFIC CONTROL PLAN

	TCP 1

	 	Traffic Control Plan — Title Sheet
	 	2/18/2009	 	 
	TCP 2

	 	Traffic Control Plan — Phase I & II
	 	2/18/2009	 	 
	TCP 3

	 	Traffic Control Plan — Phase I
	 	2/18/2009	 	 
	TCP 4

	 	Traffic Control Plan — Phase II
	 	2/18/2009	 	 
	TCP 5

	 	Traffic Control Plan — Phase I
	 	2/18/2009	 	 
	TCP 6

	 	Traffic Control Plan — Phase II
	 	2/18/2009	 	 
	ROUGH GRADING

	RGP 1

	 	Rough Grading Plan — Title Sheet
	 	4/9/2010	 	 
	RGP 2

	 	Rough Grading Plan — Detail Sheet
	 	4/9/2010	 	 
	RGP 3

	 	Rough Grading Plan — Detail Sheet
	 	4/9/2010	 	 
	RGP 4

	 	Rough Grading Plan — Detail Sheet
	 	4/9/2010	 	 
	RGP 5

	 	Rough Grading Plan — Storm Drain Profiles
	 	4/9/2010	 	 
	RGP 6

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 7

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 8

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 9

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 10

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 11

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 12

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 13

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 14

	 	Rough Grading Plan
	 	4/9/2010	 	 
	RGP 15

	 	Rough Grading Plan — Erosion Control
	 	4/9/2010	 	 
	RGP 16

	 	Rough Grading Plan — Erosion Control
	 	4/9/2010	 	 
	RGP 17

	 	Rough Grading Plan — Noise Reduction Compliance Plan
	 	4/9/2010	 	 
	RGP 18

	 	Rough Grading Plan — Conditions of Approval
	 	4/9/2010	 	 
	RGP 19

	 	Rough Grading Plan — Conditions of Approval
	 	4/9/2010	 	 
	PRECISE GRADING

	PG 1

	 	Precise Grading — Title Sheet
	 	4/12/2010	 	 
	PG 2

	 	Precise Grading — Detail Sheet
	 	4/12/2010	 	 
	PG 3

	 	Precise Grading — Detail Sheet
	 	4/12/2010	 	 
	PG 4

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 5

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 6

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 7

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 8

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 9

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 10

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 11

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 12

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 13

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 14

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 15

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 16

	 	Precise Grading Plan
	 	4/12/2010	 	 
	PG 17

	 	Erosion Control Plan
	 	4/12/2010	 	 
	PG 18

	 	Erosion Control Plan
	 	4/12/2010	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	PRECISE GRADING CONTINUED

	PG 19

	 	Erosion Control Plan
	 	4/12/2010	 	 
	PG 20

	 	Erosion Control Plan
	 	4/12/2010	 	 
	PG 21

	 	Erosion Control Plan
	 	4/12/2010	 	 
	PG 22

	 	Erosion Control Plan
	 	4/12/2010	 	 
	PG 23

	 	Conditions of Approval
	 	4/12/2010	 	 
	PG 24

	 	Conditions of Approval
	 	4/12/2010	 	 
	ENCROACHMENT PERMIT PLAN ROUGH GRADING

	EPP 1

	 	Encroachment Permit Plan — Title Sheet
	 	4/9/2010	 	 
	EPP 2

	 	Encroachment Permit Plan — Rough Grading Sheet
	 	4/9/2010	 	 
	EPP 3

	 	Encroachment Permit Plan — Rough Grading Sheet
	 	4/9/2010	 	 
	EPP 4

	 	Encroachment Permit Plan — Rough Grading Sheet
	 	4/9/2010	 	 
	EPP 5

	 	Encroachment Permit Plan — Rough Grading Sheet
	 	4/9/2010	 	 
	ROUGH GRADING —  REDLANDS SEWER

	RGP 1

	 	Rough grading Plan — Redlands Sewer — Title Sheet
	 	4/9/2010	 	 
	RGP 2

	 	Rough grading Plan — Redlands Sewer — Drainage
	 	4/9/2010	 	 
	RGP 3

	 	Rough grading Plan — Redlands Sewer — Drainage
	 	4/9/2010	 	 
	RGP 4

	 	Rough grading Plan — Redlands Sewer — Drainage
	 	4/9/2010	 	 
	RGP 5

	 	Rough grading Plan — Redlands Sewer — Erosion Control
	 	4/9/2010	 	 
	RGP 6

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	RGP 7

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	RGP 8

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	RGP 9

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	RGP 10

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	RGP 11

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	RGP 12

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	RGP 13

	 	Rough grading Plan — Redlands Sewer — Condtions of Aproval
	 	4/9/2010	 	 
	CALTRANS EROSION CONTROL PLAN

	EC 5

	 	EROSION CONTROL WPCD
	 	2/18/2009	 	 
	TEMPORARY STORM DRAIN SYSTEM PHASE 1

	TDD 1

	 	Phase 1 Temporary Drainage Ditch
	 	2/18/2009	 	 
	GRADING CROSS SECTIONS

	GCS 1

	 	Grading Cross Sections
	 	2/18/2009	 	 
	GCS 2

	 	Grading Cross Sections
	 	2/18/2009	 	 
	SITE FIRE ACCESS PLAN

	FPS 1

	 	Site Fire Access Plan (During Construction)
	 	7/29/2008	 	 
	FPS 2

	 	Site Fire Access Plan (Job Completion)
	 	7/29/2008	 	 
	PARCEL 1 WALL & FENCE — TILT-UP WALL

	LCS-0

	 	HFCP — Parcel 1 — Wall & Fence — Cover Sheet
	 	3/30/2010	 	 
	LR-01

	 	HFCP —  Parcel 1 — Wall & Fence — Reference Plan
	 	3/30/2010	 	 
	LW-01

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-02

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-03

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-04

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-05

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-06

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-07

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	PARCEL 1 WALL & FENCE — TILT-UP WALL CONTINUED

	LW-08

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-09

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-10

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-11

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LW-12

	 	HFCP — Parcel 1 — Wall & Fence — Plan
	 	3/30/2010	 	 
	LWD-01

	 	HFCP — Parcel 1 — Wall & Fence — Construction Notes
	 	3/30/2010	 	 
	LWD-02

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-03

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-04

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-05

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-06

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-07

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-08

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-09

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-10

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-11

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-12

	 	HFCP — Parcel 1 — Wall & Fence — Tilt-Up Wall Elevations
	 	3/30/2010	 	 
	LWD-13

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	2/18/2009	 	 
	LWD-14

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	3/30/2010	 	 
	LWD-15

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	3/30/2010	 	 
	LWD-16

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	3/30/2010	 	 
	LWD-17

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	3/30/2010	 	 
	LWD-18

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	3/30/2010	 	 
	LWD-19

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	3/30/2010	 	 
	LWD-20

	 	HFCP — Parcel 1 — Wall & Fence — Construction Details
	 	3/30/2010	 	 
	LWN-01

	 	HFCP — Parcel 1 — Wall & Fence — Construction Specifications
	 	3/30/2010	 	 
	LINE “F” STORM DRAIN SYSTEM

	SHT 1

	 	Moreno MDP Line — F — Title Sheet
	 	4/9/2010	 	 
	SHT 2

	 	Moreno MDP Line — F — Notes & Details
	 	4/9/2010	 	 
	SHT 3

	 	Moreno MDP Line — F — Station 95+20 to 97+00
	 	4/9/2010	 	 
	SHT 4

	 	Moreno MDP Line — F — Station 97+-00 to 103+00
	 	4/9/2010	 	 
	SHT 5

	 	Moreno MDP Line — F — Station 103+00 to 110+00
	 	4/9/2010	 	 
	SHT 6

	 	Moreno MDP Line — F — Station 110+00 to 118+05
	 	4/9/2010	 	 
	SHT 7

	 	Moreno MDP Line — F — Station 118+05 to 122+56.73
	 	4/9/2010	 	 
	SHT 8

	 	Moreno MDP Line — F — Station 122+56.73 to 124+42.37
	 	4/9/2010	 	 
	SHT 9

	 	Moreno MDP Line — F — Lat F-2 10+00 to 11+49.18
	 	4/9/2010	 	 
	SHT 10

	 	Moreno MDP Line — F — Lat F-2-A 10+00 to 11+41.56
	 	4/9/2010	 	 
	SHT 11

	 	Moreno MDP Line — F — Lat D-5 10+00 to 11+52.91
	 	4/9/2010	 	 
	SHT 12

	 	Moreno MDP Line — F — Lat D-6 10+00 to 14+68.98
	 	4/9/2010	 	 
	SHT 13

	 	Moreno MDP Line — F — Lat F-8 0+25.13 to 8+00
	 	4/9/2010	 	 
	SHT 14

	 	Moreno MDP Line — F — Lat F-8 8+00 to 16+00
	 	4/9/2010	 	 
	SHT 15

	 	Moreno MDP Line — F — Lat F-8 16+00 to 24+00
	 	4/9/2010	 	 
	SHT 16

	 	Moreno MDP Line — F — Lat F-8 24+00 to 31+50
	 	4/9/2010	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	LINE “F” STORM DRAIN SYSTEM CONTINUED

	SHT 17

	 	Moreno MDP Line — F — Lat F-8 10+00 to 12+00.25
	 	4/9/2010	 	 
	SHT 18

	 	Moreno MDP Line — F — Lat F-9 11+02.55 to 18+00
	 	4/9/2010	 	 
	SHT 19

	 	Moreno MDP Line — F — Lat F-9 18+00 to 25+65.60
	 	4/9/2010	 	 
	SHT 20

	 	Moreno MDP Line — F — Profiles
	 	4/9/2010	 	 
	SHT 21

	 	Moreno MDP Line — F — Profiles
	 	4/9/2010	 	 
	SHT 22

	 	Moreno MDP Line — F — Profiles
	 	4/9/2010	 	 
	SHT 23

	 	Moreno MDP Line — F — Outlet, Access Raod & Basin
	 	4/9/2010	 	 
	SHT 24

	 	Moreno MDP Line — F — General Notes & typ Details
	 	4/9/2010	 	 
	SHT 25

	 	Moreno MDP Line — F — Typ Details
	 	4/9/2010	 	 
	SHT 26

	 	Moreno MDP Line — F — Lateral & Sections
	 	4/9/2010	 	 
	SHT 27

	 	Moreno MDP Line —F — Lateral
	 	4/9/2010	 	 
	SHT 28

	 	Moreno MDP Line — F Access Opening Sections & typ Details
	 	4/9/2010	 	 
	SHT 29

	 	Moreno MDP Line — F — typ Sections & Details
	 	4/9/2010	 	 
	REDLANDS SANITARY SEWER

	SWP 1

	 	Redlands Blvd Sanitary Sewer Plan — Title Sheet
	 	4/9/2010	 	 
	SWP 2

	 	Redlands Blvd Sanitary Sewer Plan — Index & Legends
	 	4/9/2010	 	 
	SWP 3

	 	Redlands Blvd Sanitary Sewer Plan & Profile
	 	4/9/2010	 	 
	SWP 4

	 	Redlands Blvd Sanitary Sewer Plan & Profile
	 	4/9/2010	 	 
	SWP 5

	 	Redlands Blvd Sanitary Sewer Plan & Profile
	 	4/9/2010	 	 
	SWP 6

	 	Redlands Blvd Sanitary Sewer Plan & Profile
	 	4/9/2010	 	 
	SWP 7

	 	Redlands Blvd Sanitary Sewer Plan & Profile
	 	4/9/2010	 	 
	SWP 8

	 	Redlands Blvd Sanitary Sewer Plan & Profile
	 	4/9/2010	 	 
	EUCALYPTUS SANITARY SEWER PLAN

	SSIP 1

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Title Sheet
	 	4/9/2010	 	 
	SSIP 2

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Index & Legend
	 	4/9/2010	 	 
	SSIP 3

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	4/9/2010	 	 
	SSIP 4

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	4/9/2010	 	 
	SSIP 5

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	4/9/2010	 	 
	SSIP 6

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	4/9/2010	 	 
	SSIP 7

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	4/9/2010	 	 
	LOGISTIC BUILDING SEWER AND WATER

	SSIP 1

	 	Logistics Bldg Sewer & Water Plan — Title Sheet
	 	4/9/2010	 	 
	SSIP 2

	 	Logistics Bldg Sewer & Water Plan — Notes & Quantities
	 	4/9/2010	 	 
	SSIP 3

	 	Logistics Bldg Sewer & Water Plan
	 	4/9/2010	 	 
	SSIP 4

	 	Logistics Bldg Sewer & Water Plan
	 	4/9/2010	 	 
	SSIP 5

	 	Logistics Bldg Sewer & Water Plan
	 	4/9/2010	 	 
	SSIP 6

	 	Logistics Bldg Sewer & Water Plan
	 	4/9/2010	 	 
	SSIP 7

	 	Logistics Bldg Sewer & Water Plan
	 	4/9/2010	 	 
	SSIP 8

	 	Logistics Bldg Sewer & Water Plan
	 	4/9/2010	 	 
	EUCALPTUS RECYCLED WATER IMPROVEMENT PLAN

	RWIP 1

	 	Title Sheet
	 	4/9/2010	 	 
	RWIP 2

	 	Plan
	 	4/9/2010	 	 
	RWIP 3

	 	Plan & Profile
	 	4/9/2010	 	 
	RWIP 4

	 	Plan & Profile
	 	4/9/2010	 	 
	RWIP 5

	 	Plan & Profile
	 	4/9/2010	 	 
	RWIP 6

	 	Plan & Profile
	 	4/9/2010	 	 
	RWIP 7

	 	Plan & Profile
	 	4/9/2010	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	EUCALYPTUS WATER IMPROVEMENT PLAN

	DW 1

	 	Title Sheet
	 	4/9/2010	 	 
	DW 2

	 	Index Map & Legend
	 	4/9/2010	 	 
	DW 3

	 	Plan Profile
	 	4/9/2010	 	 
	DW 4

	 	Plan Profile
	 	4/9/2010	 	 
	DW 5

	 	Plan Profile
	 	4/9/2010	 	 
	DW 6

	 	Plan Profile
	 	4/9/2010	 	 
	DW 7

	 	Plan Profile
	 	4/9/2010	 	 
	DW 8

	 	Line ‘A’ thru ‘D’ profile
	 	4/9/2010	 	 
	Off-Site (Sinclair) DOMESTIC WATER IMPROVEMENT PLAN

	DWIP 1

	 	Domestic Water Plans — title Sheet
	 	4/9/2010	 	 
	DWIP 2

	 	Domestic Water Plans — Index Map & Legends
	 	4/9/2010	 	 
	DWIP 3

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	DWIP 4

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	DWIP 5

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	DWIP 6

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	DWIP 7

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	DWIP 8

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	DWIP 9

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	DWIP 10

	 	Domestic Water Plans & Profile
	 	4/9/2010	 	 
	REDLANDS WATER IMPROVEMENT PLAN

	DWIP 1

	 	Title Sheet
	 	4/9/2010	 	 
	DWIP 2

	 	Index Map
	 	4/9/2010	 	 
	DWIP 3

	 	Plan & Profile
	 	4/9/2010	 	 
	DWIP 4

	 	Plan & Profile
	 	4/9/2010	 	 
	EUCALYPTUS ELECTRICAL DISTRIBUTION PLAN

	SHT 1

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	3/4/2010	 	 
	SHT 2

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	3/4/2010	 	 
	SHT 3

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	3/4/2010	 	 
	SHT 4

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	3/4/2010	 	 
	REDLANDS ELECTRICAL DISTRIBUTION PLAN

	SHT 1

	 	Electrical Distribution Plan — BUTSKO
	 	3/4/2010	 	 
	SHT 2

	 	Electrical Distribution Plan — BUTSKO
	 	3/4/2010	 	 
	SHT 3

	 	Electrical Distribution Plan — BUTSKO
	 	3/4/2010	 	 
	SHT 4

	 	Electrical Distribution Plan — BUTSKO
	 	3/4/2010	 	 
	SHT 5

	 	Electrical Distribution Plan — BUTSKO
	 	3/4/2010	 	 
	SKECHERS ONSITE ELECTRIC

	SWP 1

	 	TPM 35629 Onsite Utilities — Butsko
	 	3/4/2010	 	 
	SWP 2

	 	TPM 35629 Onsite Utilities — Butsko
	 	3/4/2010	 	 
	SWP 3

	 	TPM 35629 Onsite Utilities — Butsko
	 	3/4/2010	 	 
	SWP 4

	 	TPM 35629 Onsite Utilities — Butsko
	 	3/4/2010	 	 
	EUCALYPTUS STREET IMPROVEMENT PLAN

	STIP 1

	 	Eucalyptus Avenue Street Improvement Plan — Title Sheet
	 	4/9/2010	 	 
	STIP 2

	 	Eucalyptus Avenue Street Improvement Plan — Notes & Index Map
	 	4/9/2010	 	 
	STIP 3

	 	Eucalyptus Avenue Street Improvement Plan — Details & Sections
	 	4/9/2010	 	 
	STIP 4

	 	Eucalyptus Avenue Street Improvement Plan
	 	4/9/2010	 	 
	STIP 5

	 	Eucalyptus Avenue Street Improvement Plan
	 	4/9/2010	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	EUCALYPTUS STREET IMPROVEMENT PLAN CONTINUED

	STIP 6

	 	Eucalyptus Avenue Street Improvement Plan
	 	4/9/2010
	 	 
	STIP 7

	 	Eucalyptus Avenue Street Improvement Plan
	 	4/9/2010	 	 
	STIP 8

	 	Eucalyptus Avenue Street Improvement Plan
	 	4/9/2010	 	 
	STIP 9

	 	Eucalyptus Avenue Street Improvement Plan
	 	4/9/2010	 	 
	STIP 10

	 	Eucalyptus Avenue Street Improvement Plan
	 	4/9/2010	 	 
	STIP 11

	 	Eucalyptus Avenue — Signing & Striping Title Sheet
	 	4/9/2010	 	 
	STIP 12

	 	Eucalyptus Avenue — Signing & Striping Title Sheet
	 	4/9/2010	 	 
	STIP 13

	 	Eucalyptus Avenue — Conditions of Approval
	 	4/9/2010	 	 
	STIP 14

	 	Eucalyptus Avenue — Conditions of Approval
	 	4/9/2010	 	 
	SCE EXHIBIT - JACK & BORE SCE CONDUIT

	SCE-J&B

	 	Jack & Bore Exhibit — SE Conduit Under SR60
	 	8/25/2009	 	 
	SCE-Pole

	 	Cross Section B-B (SCE Pole No. 4001945E)
	 	8/25/2009	 	 
	SCE-Pole

	 	Cross Section A-A (SCE Pole No. 214347/T2964
	 	8/25/2009	 	 
	MEDIAN EXHIBIT

	E-1

	 	Exhibit — Sections Eucalyptus Street Median
	 	7/22/2009	 	 
	TOLERANCE EXHIBIT

	TE

	 	Tolerance Exhibit
	 	2/18/2009	 	 
	THEODORE STREET
IMPROVEMENT PLAN (THEODORE RAMP IMPROVEMENT PLANS)

	STIP 1

	 	Theodore Street — Title Sheet
	 	4/9/2010	 	 
	STIP 2

	 	Theodore Street — Notes & Index Map Typical Sections
	 	4/9/2010	 	 
	STIP 3

	 	Theodore Street — Improvement Plans
	 	4/9/2010	 	 
	STIP 4

	 	Theodore Street — Construction Details
	 	4/9/2010	 	 
	STIP 5

	 	Theodore Street — Construction Details
	 	4/9/2010	 	 
	STIP 6

	 	Theodore Street — Grading-Drainage-Utility Plan
	 	4/9/2010	 	 
	STIP 7

	 	Theodore Street — W.P.C.P
	 	4/9/2010	 	 
	STIP 8

	 	Theodore Street — Signing and Striping Plan
	 	4/9/2010	 	 
	STIP 9

	 	Theodore Street — Traffic Handling Details
	 	4/9/2010	 	 
	STIP 10

	 	Theodore Street — Traffic Handling
	 	4/9/2010	 	 
	STIP 11

	 	Theodore Street — Traffic Handling
	 	4/9/2010	 	 
	STIP 12

	 	Theodore Street — Traffic Handling
	 	4/9/2010	 	 
	STIP 13

	 	Theodore Street — Detour Plan
	 	4/9/2010	 	 
	TRAFFIC SIGNAL INTERCONNECT

	421

	 	Traffic Signal Interconnect Detail
	 	1/1/2008	 	 
	EVTSI

	 	Emergency Vehicle & Traffic Signal Interconnect
	 	10/22/2009	 	 
	THEODORE STREET IMPROVEMENT PLAN

	STIP 1

	 	Theodore Street Phase 1 — Title Sheet
	 	4/9/2010	 	 
	STIP 2

	 	Theodore Street Phase 1 — Construction Notes
	 	4/9/2010	 	 
	STIP 3

	 	Theodore Street Phase 1 Typical Street Sections
	 	4/9/2010	 	 
	STIP 4

	 	Theodore Street Phase 1 — Plan & Profile
	 	4/9/2010	 	 
	STIP 5

	 	Theodore Street Phase 1 Plan & Profile
	 	4/9/2010	 	 
	STIP 6

	 	Theodore Street Phase 1 Signing and Striping
	 	4/9/2010	 	 
	STIP 7

	 	Theodore Street Phase 1 Conditions of Approval
	 	4/9/2010	 	 
	STIP 8

	 	Theodore Street Phase 1 — Conditions of Approval
	 	4/9/2010	 	 
	STIP 9

	 	Theodore Street Phase 1 — Conditions of Approval
	 	4/9/2010	 	 
	EUCALYPTUS STREET LANDSCAPE & IRRIGATION

	SHT 1

	 	Eucalyptus Street — Cover Sheet
	 	2/18/2009	 	 
	SHT 2

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	EUCALYPTUS STREET LANDSCAPE & IRRIGATION CONTINUED

	SHT 3

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 4

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 5

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 6

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 7

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 8

	 	Eucalyptus Street — Construction Details
	 	2/18/2009	 	 
	SHT 9

	 	Eucalyptus Street — Construction Details
	 	2/18/2009	 	 
	SHT 10

	 	Eucalyptus Street — Construction Details
	 	2/18/2009	 	 
	SHT 11

	 	Eucalyptus Street — Construction Specifications
	 	2/18/2009	 	 
	SHT 12

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 13

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 14

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 15

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 16

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 17

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 18

	 	Eucalyptus Street — Irrigation Details
	 	2/18/2009	 	 
	SHT 19

	 	Eucalyptus Street — Irrigation Details
	 	2/18/2009	 	 
	SHT 20

	 	Eucalyptus Street — Irrigation Notes
	 	2/18/2009	 	 
	SHT 21

	 	Eucalyptus Street — Irrigation Specifications
	 	2/18/2009	 	 
	SHT 22

	 	Eucalyptus Street — Irrigation Specifications
	 	2/18/2009	 	 
	SHT 23

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 24

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 25

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 26

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 27

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 28

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 29

	 	Eucalyptus Street — Planting Details
	 	2/18/2009	 	 
	SHT 30

	 	Eucalyptus Street — Planting Details
	 	2/18/2009	 	 
	SHT 31

	 	Eucalyptus Street — Planting Specifications
	 	2/18/2009	 	 
	SHT 32

	 	Eucalyptus Street — Planting Specifications
	 	2/18/2009	 	 
	HFCP ASSOCIATION LANDSCAPE & IRRIGATION

	LCS-0

	 	HFCP Association — Cover Sheet
	 	3/22/2010	 	 
	LI-01

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-02

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-03

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-04

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-05

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-06

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-07

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-08

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-09

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-10

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-11

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-12

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	HFCP ASSOCIATION LANDSCAPE & IRRIGATION CONTINUED

	LI-13

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-14

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-15

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-16

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LI-17

	 	HFCP Association — Irrigation Plan
	 	3/22/2010	 	 
	LID-1

	 	HFCP Association — Irrigation Details
	 	3/22/2010	 	 
	LID-2

	 	HFCP Association — Irrigation Details
	 	3/22/2010	 	 
	LIN-1

	 	HFCP Association — Irrigation Notes
	 	3/22/2010	 	 
	LIN-2

	 	HFCP Association — Irrigation Specifications
	 	3/22/2010	 	 
	LIN-3

	 	HFCP Association — Irrigation Specifications
	 	3/22/2010	 	 
	LP-01

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-02

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-03

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-04

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-05

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-06

	 	HFCP Association - Construction and Planting Plan
	 	3/22/2010	 	 
	LP-07

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-08

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-09

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-10

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-11

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-12

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-13

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-14

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-15

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-16

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LP-17

	 	HFCP Association — Construction and Planting Plan
	 	3/22/2010	 	 
	LPD-01

	 	HFCP Association — Planting Details
	 	3/22/2010	 	 
	LPD-02

	 	HFCP Association — Planting Details
	 	3/22/2010	 	 
	LCD-01

	 	HFCP Association — Construction Specification
	 	3/22/2010	 	 
	LCD-02

	 	HFCP Association — Construction Details
	 	3/22/2010	 	 
	PARCEL 1 LANDSCAPE & IRRIGATION

	LCS-0

	 	HFCP — Parcel 1 — Cover Sheet
	 	2/18/2009	 	 
	LC-O1

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O2

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O3

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O4

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O5

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O6

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O7

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O8

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O9

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O10

	 	HFCP — Parcel 1 — Construction Plan
	 	2/18/2009	 	 
	LC-O11

	 	HFCP — Parcel 1 — Construction Plan Enlargements
	 	2/18/2009	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	PARCEL 1 LANDSCAPE & IRRIGATION CONTINUATION

	LCD-01

	 	HFCP — Parcel 1 — Construction Notes
	 	2/18/2009	 	 
	LCD-02

	 	HFCP — Parcel 1 — Construction Details
	 	2/18/2009	 	 
	LCD-03

	 	HFCP — Parcel 1 — Construction Details
	 	2/18/2009	 	 
	LCD-04

	 	HFCP — Parcel 1 — Construction Details
	 	2/18/2009	 	 
	LCD-05

	 	HFCP — Parcel 1 — Construction Details
	 	2/18/2009	 	 
	LCD-06

	 	HFCP — Parcel 1 — Construction Details
	 	2/18/2009	 	 
	LCN-01

	 	HFCP — Parcel 1 — Construction Specifications
	 	2/18/2009	 	 
	LI-01

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-02

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-03

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-04

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-05

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-06

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-07

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-08

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-09

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LI-10

	 	HFCP — Parcel 1 — Irrigation Plan
	 	2/18/2009	 	 
	LID-1

	 	HFCP — Parcel 1 — Irrigation Details
	 	2/18/2009	 	 
	LID-2

	 	HFCP — Parcel 1 — Irrigation Details
	 	2/18/2009	 	 
	LIN-01

	 	HFCP — Parcel 1 — Irrigation Notes
	 	2/18/2009	 	 
	LIN-02

	 	HFCP — Parcel 1 — Irrigation Notes
	 	2/18/2009	 	 
	LIN-03

	 	HFCP — Parcel 1 — Irrigation Notes
	 	2/18/2009	 	 
	LP-01

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-02

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-03

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-04

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-05

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-06

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-07

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-08

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-09

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LP-10

	 	HFCP — Parcel 1 — Planting Plan
	 	2/18/2009	 	 
	LPD-01

	 	HFCP — Parcel 1 — Planting Details
	 	2/18/2009	 	 
	LPD-02

	 	HFCP — Parcel 1 — Planting Details
	 	2/18/2009	 	 
	LPN-01

	 	HFCP — Parcel 1 — Planting Notes
	 	2/18/2009	 	 
	WEI WEST WAREHOUSE EQUIPMENT, INC.

	SA00

	 	Structure Layout VAS Platform Overall Plan View
	 	12/10/2008
	 	Rev. 05
	SA01

	 	Structure Layout VAS Platform Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SA02

	 	Structure Layout
	 	12/10/2008
	 	Rev. 05
	SA03

	 	Structure Layout VAS Platform Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SA04

	 	Structure Layout VAS Platform Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SA05

	 	Structure Layout VAS Platform Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SA06

	 	Structure Layout VAS Platform Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SA07

	 	Structure Layout VAS Platform Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	WEI WEST WAREHOUSE EQUIPMENT, INC. CONTINUED

	SA08

	 	Structure Layout VAS Platform Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SA09

	 	Structure Layout VAS Platform Footing Details
	 	12/10/2008
	 	Rev. 05
	SB00

	 	Structure Layout Shipping Platform Overall Plan View
	 	12/10/2008
	 	Rev. 05
	SB01

	 	Structure Layout Shipping Platform Overall Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SB02

	 	Structure Layout Shipping Platform Overall Enlarged Foundation Plan
	 	12/10/2008
	 	Rev. 05
	SB03

	 	Structure Layout Shipping Platform Footing Detail
	 	12/10/2008
	 	Rev. 05
	SG01

	 	Structure Layout Extendable Conveyor Foundation Plans
	 	12/10/2008
	 	Rev. 05
	SG02

	 	Structure Layout Extendable Conveyor Foundation Plans
	 	12/10/2008
	 	Rev. 05
	SG03

	 	Structure Layout Extendable Footings Foundation Plans
	 	12/10/2008
	 	Rev. 05
	SG04

	 	Structure Layout Extendable Footings Foundation Plans
	 	12/10/2008
	 	Rev. 05
	SG05

	 	Structure Layout Extendable Footings Foundation Plans
	 	12/10/2008
	 	Rev. 05
	SG06

	 	Structure Layout Extendable Tracks Footing Cross Sections
	 	12/10/2008
	 	Rev. 05
	HIGHLAND FAIRVIEW CORPORATE PARK PROJECT MANUAL

	Div 00

	 	Procurement and Contracting requirements
	 	7/24/2008	 	 
	Div 01

	 	General requirements
	 	7/24/2008	 	 
	Div 02

	 	Sitrework
	 	7/24/2008	 	 
	Div 03

	 	Concrete
	 	7/24/2008	 	 
	Div 04

	 	Masonry
	 	7/24/2008	 	 
	Div 05

	 	Metals
	 	7/24/2008	 	 
	Div 06

	 	Wood and Plastics
	 	7/24/2008	 	 
	Div 07

	 	Thermal and Moisture Control
	 	7/24/2008	 	 
	Div 08

	 	Doors and Windows
	 	7/24/2008	 	 
	Div 09

	 	Finishes
	 	7/24/2008	 	 
	Div 10

	 	Specialties
	 	7/24/2008	 	 
	Div 11

	 	Equipment
	 	7/24/2008	 	 
	Div 12

	 	Furnishings
	 	7/24/2008	 	 
	Div 13

	 	Special Construction
	 	7/24/2008	 	 
	Div 14

	 	Conveyor Systems
	 	7/24/2008	 	 
	Div 15

	 	Mechanical
	 	7/24/2008	 	 
	Div 16

	 	Electrical
	 	7/24/2008	 	 
	PRELIMINARY GEOTECHNICAL REPORT LEIGHTON & ASSOC.

	1.0

	 	Introduction
	 	6/15/2007	 	 
	2.0

	 	Geotechnical Investigation & Lab
	 	6/15/2007	 	 
	3.0

	 	Summary
	 	6/15/2007	 	 
	4.0

	 	Faulting & Seismicity
	 	6/15/2007	 	 
	5.0

	 	Conclusions
	 	6/15/2007	 	 
	6.0

	 	Preliminary Recommendations
	 	6/15/2007	 	 
	7.0

	 	Geotechnical Review
	 	6/15/2007	 	 
	8.0

	 	Limitations
	 	6/15/2007	 	 
	map

	 	Geotechnical Map / Boring Log
	 	6/15/2007	 	 
	UPDATED PRELIMINARY GEOTECHNICAL REPORT LEIGHTON & ASSOC.

	1.0

	 	Introduction
	 	4/30/2008	 	 
	2.0

	 	Geotechnical Investigation & Lab
	 	4/30/2008	 	 
	3.0

	 	Summary
	 	4/30/2008	 	 
	4.0

	 	Faulting & Seismicity
	 	4/30/2008	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	UPDATED PRELIMINARY GEOTECHNICAL REPORT LEIGHTON & ASSOC. CONTINUED

	5.0

	 	Conclusions
	 	4/30/2008	 	 
	6.0

	 	Preliminary Recommendations
	 	4/30/2008	 	 
	7.0

	 	Geotechnical Review	 	4/30/2008	 	 
	8.0

	 	Limitations
	 	4/30/2008	 	 
	map

	 	Geotechnical Map / Boring Log
	 	4/30/2008	 	 
	OTHER SOILS REPORTS

	 

	 	Update Seismic Design Parameters
	 	11/30/2007	 	 
	 

	 	Preliminary Geotechnical Evaluation, SR-60 Widening
	 	7/30/2008	 	 
	 

	 	Clarifications to Soils, Highland Fairview Corporate Park
	 	8/15/2008	 	 
	 

	 	response to City of M.V. Review Comments & Map
	 	11/5/2008	 	 
	 

	 	geotechnical Recommendations for Temporary Fire Access Road
	 	1/5/2009	 	 
	 

	 	Clarifications #2 to Soils Report, Highland Fairview Corporate Park
	 	1/14/2009	 	 
	 

	 	Response to City of M.V. Review Comments, Public Works Depart.
	 	1/16/2009	 	 
	 

	 	Geotechnical Review of Improvements & rough Grade for Sanitary Sewer
	 	1/21/2009	 	 
	 

	 	Clarifications #3 to Soils report, Highland Fairview Corporate Park
	 	1/29/2009	 	 
	 

	 	Rough Grading Anticipated Keyway Locations
	 	1/29/2009	 	 
	 

	 	recommended Sup drain Locations
	 	2/6/2009	 	 
	 

	 	Infiltration Characteristics of onsite soils
	 	6/23/2008	 	 
	 

	 	Supplemental Remedial Grading Rec. Skechers VAS Platform
	 	2/6/2009	 	 
	STRUCTURAL CALCULATIONS

	 

	 	Structural Calculations by David Kramer
	 	2/2/2009	 	 
	TITLE 24 REPORT

	 

	 	title 24 Report by Alan Poydock — Thermalair, Inc.
	 	1/30/2009	 	 
	CIVIL MISC EXHIBITS & REPORTS

	 

	 	Drainage Bypass for Redlands Sewer Work Area
	 	2/18/2009	 	 
	 

	 	Grading Balance Area
	 	2/18/2009	 	 
	 

	 	Highland SWPPP
	 	2/18/2009	 	 
	 

	 	Set Back for Restricted Hours of Work
	 	2/18/2009	 	 
	 

	 	Existing Stockpile Locations
	 	2/18/2009	 	 
	 

	 	Mitigation Monitoring Program by Michael Brandman Assoc.
	 	12/23/2008	 	 
	 

	 	Septic Exhibit
	 	1/7/2009	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

EXHIBIT “E”

DRAWING LOG -EUCALYPTUS STREET

SKECHERS DISTRIBUTION CENTER

29800 Eucalyptus Avenue, Rancho Belago, California 92555

	 	 	 	 	 	 	 

	ARCHITECTURAL

	A0.1

	 	Highland Fairview Corporate Park Title Sheet — ASI #2
	 	11/11/2008
	 	Delta 2
	A0.2

	 	Highland Fairview Corporate Park General Sheet
	 	5/21/2008	 	 
	A0.3.1

	 	Disability Access Notes
	 	5/21/2008	 	 
	A0.3.2

	 	Disability Access Notes
	 	5/21/2008	 	 
	A0.3.3

	 	Disability Access Notes
	 	5/21/2008	 	 
	A1.1

	 	Overall Site Plan
	 	5/21/2008	 	 
	AD.1

	 	Details
	 	5/21/2008	 	 
	AD.1A

	 	Site Details for ADA Access
	 	12/4/2009
	 	Delta 4
	AD.2

	 	Details
	 	5/21/2008	 	 
	AD.3

	 	Details — ASI #1
	 	9/15/2008
	 	Delta 1
	AD.3A

	 	Details — ASI #3
	 	12/30/2008
	 	(Delta 5)
	AD.4

	 	Details
	 	5/21/2008	 	 
	AD.5

	 	Details
	 	5/21/2008	 	 
	AD.6

	 	Details
	 	5/21/2008	 	 
	AD.7

	 	Details
	 	5/21/2008	 	 
	AD.8

	 	Details
	 	5/21/2008	 	 
	AD.9

	 	Details
	 	5/21/2008	 	 
	AD.10

	 	Details — ASI #2
	 	11/11/2008
	 	Delta 2
	AD.11

	 	Details — ASI #2
	 	11/11/2008
	 	Delta 2
	FIRE PROTECTION PARCEL 1 / SKECHERS

	HFCP

	 	Cover Page	 	 	 	 
	FP 1

	 	Underground Fire Master Plan
	 	7/29/2008	 	 
	FP 2

	 	Enlarged Underground Fire Piping Part I
	 	7/29/2008	 	 
	FP 3

	 	Enlarged Underground Fire Piping Part II
	 	7/29/2008	 	 
	FP 4

	 	Underground Fire Notes / Details
	 	7/29/2008	 	 
	CONSTRUCTION STAGING PLAN

	SC 1

	 	Stage Construction
	 	1/9/2009	 	 
	SC 2

	 	Traffic Handling / Construction area Sign Plan
	 	1/9/2009	 	 
	SC 3

	 	Traffic Handling / Construction area Sign Plan
	 	1/9/2009	 	 
	SC 4

	 	Traffic Handling / Construction area Sign Plan
	 	1/9/2009	 	 
	TRAFFIC CONTROL PLAN

	TCP 1

	 	Traffic Control Plan — Title Sheet
	 	2/18/2009	 	 
	TCP 2

	 	Traffic Control Plan — Phase I & II
	 	2/18/2009	 	 
	TCP 3

	 	Traffic Control Plan — Phase I
	 	2/18/2009	 	 
	TCP 4

	 	Traffic Control Plan — Phase II
	 	2/18/2009	 	 
	TCP 5

	 	Traffic Control Plan — Phase I
	 	2/18/2009	 	 
	TCP 6

	 	Traffic Control Plan — Phase II
	 	2/18/2009	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	PRECISE GRADING

	PG 1

	 	Precise Grading — Title Sheet
	 	2/18/2009	 	 
	PG 2

	 	Precise Grading — Detail Sheet
	 	2/18/2009	 	 
	PG 3

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 4

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 5

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 6

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 7

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 8

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 9

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 10

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 11

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 12

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 13

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 14

	 	Precise Grading Plan
	 	2/18/2009	 	 
	PG 15

	 	Precise Grading Plan
	 	2/18/2009	 	 
	LINE “F” STORM DRAIN SYSTEM

	SHT 1

	 	Moreno MDP Line — F — Title Sheet
	 	1/9/2009	 	 
	SHT 2

	 	Moreno MDP Line — F — Notes & Details
	 	1/9/2009	 	 
	SHT 3

	 	Moreno MDP Line — F — Station
	 	1/9/2009	 	 
	SHT 4

	 	Moreno MDP Line — F — Station
	 	1/9/2009	 	 
	SHT 5

	 	Moreno MDP Line — F — Station
	 	1/9/2009	 	 
	SHT 6

	 	Moreno MDP Line — F — Station
	 	1/9/2009	 	 
	SHT 7

	 	Moreno MDP Line — F — Station
	 	1/9/2009	 	 
	SHT 8

	 	Moreno MDP Line — F — Station
	 	1/9/2009	 	 
	SHT 9

	 	Moreno MDP Line — F — Lat F-2
	 	1/9/2009	 	 
	SHT 10

	 	Moreno MDP Line — F — Lat F-2-A
	 	1/9/2009	 	 
	SHT 11

	 	Moreno MDP Line — F — Lat D-5
	 	1/9/2009	 	 
	SHT 12

	 	Moreno MDP Line — F — Lat D-6
	 	1/9/2009	 	 
	SHT 13

	 	Moreno MDP Line — F — Lat F-8
	 	1/9/2009	 	 
	SHT 14

	 	Moreno MDP Line — F — Lat F-8
	 	1/9/2009	 	 
	SHT 15

	 	Moreno MDP Line — F — Lat F-8
	 	1/9/2009	 	 
	SHT 16

	 	Moreno MDP Line — F — Lat F-8
	 	1/9/2009	 	 
	SHT 17

	 	Moreno MDP Line — F — Lat F-8
	 	1/9/2009	 	 
	SHT 18

	 	Moreno MDP Line — F — Lat F-9
	 	1/9/2009	 	 
	SHT 19

	 	Moreno MDP Line — F — Lat F-9
	 	1/9/2009	 	 
	SHT 20

	 	Moreno MDP Line — F — Profiles
	 	1/9/2009	 	 
	SHT 21

	 	Moreno MDP Line — F — Profiles
	 	1/9/2009	 	 
	SHT 22

	 	Moreno MDP Line — F — Profiles
	 	1/9/2009	 	 
	SHT 23

	 	Moreno MDP Line — F — Gen Notes & Details
	 	1/9/2009	 	 
	SHT 24

	 	Moreno MDP Line — F — Details
	 	1/9/2009	 	 
	SHT 25

	 	Moreno MDP Line — F — Lateral Plan Sections
	 	1/9/2009	 	 
	SHT 26

	 	Moreno MDP Line — F — Lateral
	 	1/9/2009	 	 
	SHT 27

	 	Moreno MDP Line — F — Sections
	 	1/9/2009	 	 
	SHT 28

	 	Moreno MDP Line — F — Access Openings & Details
	 	1/9/2009	 	 
	 

	 	new spec and area of 6,00 psi concrete	 	 	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	EUCALYPTUS SANITARY SEWER PLAN

	SSIP 1

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Title Sheet
	 	1/9/2009	 	 
	SSIP 2

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Index & Legend
	 	1/9/2009	 	 
	SSIP 3

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	1/9/2009	 	 
	SSIP 4

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	1/9/2009	 	 
	SSIP 5

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	1/9/2009	 	 
	SSIP 6

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	1/9/2009	 	 
	SSIP 7

	 	Eucalyptus Avenue — Sanitary Sewer Plan — Plan Profile
	 	1/9/2009	 	 
	RECYCLED WATER IMPROVEMENT PLAN

	RWIP 1

	 	EUCALYPTUS
	 	2/20/2009	 	 
	RWIP 2

	 	EUCALYPTUS
	 	2/20/2009	 	 
	RWIP 3

	 	EUCALYPTUS
	 	2/20/2009	 	 
	RWIP 4

	 	EUCALYPTUS
	 	2/20/2009	 	 
	RWIP 5

	 	EUCALYPTUS
	 	2/20/2009	 	 
	RWIP 6

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WATER IMPROVEMENT PLAN

	RWIP 7

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WIP 1

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WIP 2

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WIP 3

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WIP 4

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WIP 5

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WIP 6

	 	EUCALYPTUS
	 	2/20/2009	 	 
	WIP 7

	 	EUCALYPTUS
	 	2/20/2009	 	 
	EUCALYPTUS SITE UTILITIES

	SHT 1

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	1/9/2009	 	 
	SHT 2

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	1/9/2009	 	 
	SHT 3

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	1/9/2009	 	 
	SHT 4

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	1/9/2009	 	 
	SHT 5

	 	Eucalyptus Avenue Utility Design — BUTSKO
	 	1/9/2009	 	 
	SHT 1

	 	Eucalyptus Avenue Temporary Transformer — BUTSKO
	 	1/9/2009	 	 
	ELECTRICAL DISTRIBUTION PLAN

	SHT 1

	 	Electrical Distribution Plan
	 	2/18/2009	 	 
	SHT 2

	 	Electrical Distribution Plan
	 	2/18/2009	 	 
	SHT 3

	 	Electrical Distribution Plan
	 	2/18/2009	 	 
	SHT 4

	 	Electrical Distribution Plan
	 	2/18/2009	 	 
	FIRE PROTECTION SITE

	FP 1 UG

	 	Underground Fire Master Plan
	 	11/12/2008	 	 
	FP 2 UG

	 	Enlarged Underground Fire Piping Part I
	 	3/3/2009	 	 
	FP 3 UG

	 	Enlarged Underground Fire Piping Part II
	 	3/3/2009	 	 
	FP 1

	 	Site Fire Access Plan (During Construction)
	 	3/3/2009	 	 
	FP 2

	 	Site Fire Access Plan (Job Completion)
	 	3/3/2009	 	 
	EUCALYPTUS STREET IMPROVEMENT PLAN

	STIP 1

	 	Eucalyptus Avenue Street Improvement Plan — Title Sheet
	 	1/9/2009	 	 
	STIP 2

	 	Eucalyptus Avenue Street Improvement Plan — Notes & Index Map
	 	1/9/2009	 	 
	STIP 3

	 	Eucalyptus Avenue Street Improvement Plan — Details & Sections
	 	1/9/2009	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	EUCALYPTUS STREET IMPROVEMENT PLAN CONTINUATION

	STIP 4

	 	Eucalyptus Avenue Street Improvement Plan — Phase 1
	 	1/9/2009	 	 
	STIP 5

	 	Eucalyptus Avenue Street Improvement Plan — Phase 2
	 	1/9/2009	 	 
	STIP 6

	 	Eucalyptus Avenue Street Improvement Plan — Phase 3
	 	1/9/2009	 	 
	STIP 7

	 	Eucalyptus Avenue Street Improvement Plan — Phase 4
	 	1/9/2009	 	 
	STIP 8

	 	Eucalyptus Avenue Street Improvement Plan — Phase 5
	 	1/9/2009	 	 
	STIP 9

	 	Eucalyptus Avenue Street Improvement Plan — Phase 6
	 	1/9/2009	 	 
	STIP 10

	 	Eucalyptus Avenue Street Improvement Plan — Phase 7
	 	1/9/2009	 	 
	STIP 11

	 	Eucalyptus Avenue — Signing & Striping Title Sheet
	 	1/9/2009	 	 
	STIP 12

	 	Eucalyptus Avenue — Signing & Striping
	 	1/9/2009	 	 
	STIP 13

	 	Eucalyptus Avenue — Signing & Striping
	 	1/9/2009	 	 
	PAVING SECTION

	PS

	 	PAVING SECTION EXHIBIT
	 	2/18/2009	 	 
	MEDIAN EXHIBIT

	E-1

	 	Exhibit — Sections Eucalyptus Street Median
	 	7/22/2009	 	 
	110

	 	Emergency Vehicle Median Access
	 	1/1/2005	 	 
	TOLERANCE EXHIBIT

	TE

	 	Tolerance Exhibit
	 	2/18/2009	 	 
	THEODORE STREET IMPROVEMENT PLAN

	TSE

	 	Theodore Street Exhibit
	 	2/18/2009	 	 
	TRAFFIC SIGNAL INTERCONNECT

	421

	 	Traffic Signal Interconnect Detail	 	1/1/2008	 	 
	EVTSI

	 	Emergency Vehicle & Traffic Signal Interconnect
	 	10/22/2009	 	 
	THEODORE STREET IMPROVEMENT PLAN

	 

	 	Theodore Street / HWY 60 Ramp Widening Exhibit	 	 	 	 
	EUCALYPTUS STREET LANDSCAPE & IRRIGATION

	SHT 1

	 	Eucalyptus Street — Cover Sheet
	 	2/18/2009	 	 
	SHT 2

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 3

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 4

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 5

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 6

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 7

	 	Eucalyptus Street — Construction Plan
	 	2/18/2009	 	 
	SHT 8

	 	Eucalyptus Street — Construction Details
	 	2/18/2009	 	 
	SHT 9

	 	Eucalyptus Street — Construction Details
	 	2/18/2009	 	 
	SHT 10

	 	Eucalyptus Street — Construction Details
	 	2/18/2009	 	 
	SHT 11

	 	Eucalyptus Street — Construction Specifications
	 	2/18/2009	 	 
	SHT 12

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 13

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 14

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 15

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 16

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 17

	 	Eucalyptus Street — Irrigation Plan
	 	2/18/2009	 	 
	SHT 18

	 	Eucalyptus Street — Irrigation Details
	 	2/18/2009	 	 
	SHT 19

	 	Eucalyptus Street — Irrigation Details
	 	2/18/2009	 	 
	SHT 20

	 	Eucalyptus Street — Irrigation Notes
	 	2/18/2009	 	 
	SHT 21

	 	Eucalyptus Street — Irrigation Specifications
	 	2/18/2009	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	EUCALYPTUS STREET LANDSCAPE & IRRIGATION CONTINUATION

	SHT 22

	 	Eucalyptus Street — Irrigation Specifications
	 	2/18/2009	 	 
	SHT 23

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 24

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 25

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 26

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 27

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 28

	 	Eucalyptus Street — Planting Plan
	 	2/18/2009	 	 
	SHT 29

	 	Eucalyptus Street — Planting Details
	 	2/18/2009	 	 
	SHT 30

	 	Eucalyptus Street — Planting Details
	 	2/18/2009	 	 
	SHT 31

	 	Eucalyptus Street — Planting Specifications
	 	2/18/2009	 	 
	SHT 32

	 	Eucalyptus Street — Planting Specifications
	 	2/18/2009	 	 
	HIGHLAND FAIRVIEW CORPORATE PARK — PROJECT MANUAL

	Div 00

	 	Procurement and Contracting requirements
	 	7/24/2008	 	 
	Div 01

	 	General requirements
	 	7/24/2008	 	 
	Div 02

	 	Sitrework
	 	7/24/2008	 	 
	Div 03

	 	Concrete
	 	7/24/2008	 	 
	Div 04

	 	Masonry
	 	7/24/2008	 	 
	Div 05

	 	Metals
	 	7/24/2008	 	 
	Div 06

	 	Wood and Plastics
	 	7/24/2008	 	 
	Div 07

	 	Thermal and Moisture Control
	 	7/24/2008	 	 
	Div 08

	 	Doors and Windows
	 	7/24/2008	 	 
	Div 09

	 	Finishes
	 	7/24/2008	 	 
	Div 10

	 	Specialties
	 	7/24/2008	 	 
	Div 11

	 	Equipment
	 	7/24/2008	 	 
	Div 12

	 	Furnishings
	 	7/24/2008	 	 
	Div 13

	 	Special Construction
	 	7/24/2008	 	 
	Div 14

	 	Conveyor Systems
	 	7/24/2008	 	 
	Div 15

	 	Mechanical
	 	7/24/2008	 	 
	Div 16

	 	Electrical
	 	7/24/2008	 	 
	PRELIMINARY GEOTECHNICAL REPORT LEIGHTON & ASSOC.

	1.0

	 	Introduction
	 	6/15/2007	 	 
	2.0

	 	Geotechnical Investigation & Lab
	 	6/15/2007	 	 
	3.0

	 	Summary
	 	6/15/2007	 	 
	4.0

	 	Faulting & Seismicity
	 	6/15/2007	 	 
	5.0

	 	Conclusions
	 	6/15/2007	 	 
	6.0

	 	Preliminary Recommendations
	 	6/15/2007	 	 
	7.0

	 	Geotechnical Review
	 	6/15/2007	 	 
	8.0

	 	Limitations
	 	6/15/2007	 	 
	map

	 	Geotechnical Map / Boring Log
	 	6/15/2007	 	 
	1.0

	 	Introduction
	 	4/30/2008	 	 
	2.0

	 	Geotechnical Investigation & Lab
	 	4/30/2008	 	 
	3.0

	 	Summary
	 	4/30/2008	 	 
	4.0

	 	Faulting & Seismicity
	 	4/30/2008	 	 
	5.0

	 	Conclusions
	 	4/30/2008	 	 
	6.0

	 	Preliminary Recommendations
	 	4/30/2008	 	 

 

 

Contract#: MH00-121-226

Project: Hhighland Fairview Corporate Park

Trade: General Contractor

	 	 	 	 	 	 	 

	PRELIMINARY GEOTECHNICAL REPORT LEIGHTON & ASSOC. CONTINUATION

	7.0

	 	Geotechnical Review
	 	4/30/2008	 	 
	8.0

	 	Limitations
	 	4/30/2008	 	 
	map

	 	Geotechnical Map / Boring Log
	 	4/30/2008	 	 
	 

	 	Update Seismic Design Parameters
	 	11/30/2007	 	 
	 

	 	Update Geotechnical Report
	 	4/30/2008	 	 
	 

	 	Preliminary Geotechnical Evaluation, SR-60 Widening
	 	7/30/2008	 	 
	 

	 	Clarifications to Soils, Highland Fairview Corporate Park
	 	8/15/2008	 	 
	 

	 	response to City of M.V. Review Comments & Map
	 	11/5/2008	 	 
	 

	 	geotechnical Recommendations for Temporary Fire Access Road
	 	1/5/2009	 	 
	 

	 	Clarifications #2 to Soils Report, Highland Fairview Corporate Park
	 	1/14/2009	 	 
	 

	 	Response to City of M.V. Review Comments, Public Works Depart.
	 	1/16/2009	 	 
	 

	 	Geotechnical Review of Improvements & rough Grade for Sanitary Sewer
	 	1/21/2009	 	 
	 

	 	Clarifications #3 to Soils report, Highland Fairview Corporate Park
	 	1/29/2009	 	 
	 

	 	Rough Grading Anticipated Keyway Locations
	 	1/29/2009	 	 
	 

	 	recommended Sub drain Locations
	 	2/6/2009	 	 
	CIVIL MISC EXHIBITS & REPORTS

	 

	 	Drainage Bypass for Redlands Sewer Work Area
	 	2/18/2009	 	 
	 

	 	Grading Balance Area
	 	2/18/2009	 	 
	 

	 	Highland SWPPP
	 	2/18/2009	 	 
	 

	 	Offsite Rubble Disposal
	 	2/18/2009	 	 
	 

	 	Set Back for Restricted Hours of Work
	 	2/18/2009	 	 
	 

	 	Supplemental SWPPP
	 	2/18/2009	 	 
	 

	 	Water Pick-Up
	 	2/18/2009	 	 
	 

	 	Mitigation Monitoring Program by Michael Brandman Assoc.
	 	12/23/2008	 	 

 

 

EXHIBIT “E”

PROJECT MANUALS & REPORT

SKECHERS DISTRIBUTION WAREHOUSE

29800 Eucalyptus Avenue, Moreno Valley, California 92555

	 	 	 	 	 	 	 

	GEOTECHNICAL
	 	 
	6/15/2007

	 	Preliminary Geotechnical Report
	 	Section 1.0 — Introduction	 	 
	 

	 	Leighton and Associates, Inc.
	 	Section 2.0 — Geotechnical Investigation & Lab	 	 
	 

	 	 	 	Section 3.0 — Summary	 	 
	 

	 	 	 	Section 4.0 — Faulting & Seismicity	 	 
	 

	 	 	 	Section 5.0 — Conclusions	 	 
	 

	 	 	 	Section 6.0 — Preliminary Recommendations	 	 
	 

	 	 	 	Section 7.0 — Geotechnical review	 	 
	 

	 	 	 	Section 8.0 — Limitations	 	 
	 

	 	 	 	Geotechnical Map / Boring Log	 	 
	 
	 	 	 	 	 	 
	4/30/2008

	 	Update Geotechnical report
	 	Section 1.0 — Introduction	 	 
	 

	 	Leighton and Associates, Inc.
	 	Section 2.0 — Geotechnical Investigation & Lab	 	 
	 

	 	 	 	Section 3.0 — Summary	 	 
	 

	 	 	 	Section 4.0 — Faulting & Seismicity	 	 
	 

	 	 	 	Section 5.0 — Conclusions	 	 
	 

	 	 	 	Section 6.0 — Preliminary Recommendations	 	 
	 

	 	 	 	Section 7.0 — Geotechnical review	 	 
	 

	 	 	 	Section 8.0 — Limitations	 	 
	 

	 	 	 	Geotechnical Map / Boring Log	 	 
	 
	 	 	 	 	 	 
	11/30/2007	 	Update Seismic Design Parameters
	4/30/2008	 	Update Geotechnical Report
	7/30/2008	 	Preliminary Geotechnical Evaluation, SR-60 Widening between Theodore & Redlands Blvd.
	8/15/2008	 	Clarifications to Soils Report, Highland Fairview Corporate Park
	11/5/2008	 	Response to City of Moreno Valley Review Comments & Map
	1/5/2009	 	Geotechnical recommendations for Temporary “All-Weather” Fire Access
	1/14/2009	 	Clarifications #2 to Soils Report, Highland Fairview Corporate Park
	1/16/2009	 	Response to City of Moreno Valley Review Comments, Public Works Department
	1/21/2009	 	Geotechnical review of Improvement & rough Grading Plans for Sanitary Sewer — Redlands Blvd.
	1/29/2009	 	Clarifications #3 to Soils Report, Highland Fairview Corporate Park
	1/29/2009	 	Rough Grading Anticipated Keyway Locations
	2/6/2009	 	Recommended Subdrain Locations
	 
	 	 	 	 	 	 
	PROJECT MANUAL
	 	 
	7/24/2008

	 	Highland Corporate Park
	 	Project Requirements & Specifications	 	 
	 

	 	HPA, Inc. Architects
	 	Division 00 — Procurement & Contracting	 	 
	 

	 	 	 	Division 01 — General Requirements	 	 
	 

	 	 	 	Division 02 — Sitework	 	 
	 

	 	 	 	Division 03 — Concrete	 	 
	 

	 	 	 	Division 04 — Masonry	 	 
	 

	 	 	 	Division 05 — Metals	 	 
	 

	 	 	 	Division 06 — Wood & Plastics	 	 
	 

	 	 	 	Division 07 — Thermal & Moisture Control	 	 
	 

	 	 	 	Division 08 — Doors & Windows	 	 
	 

	 	 	 	Division 09 — Finishes	 	 
	 

	 	 	 	Division 10 — Specialties	 	 
	 

	 	 	 	Division 11 — Equipment	 	 
	 

	 	 	 	Division 12 — Furnishings	 	 
	 

	 	 	 	Division 13 — Special Construction	 	 
	 

	 	 	 	Division 14 — Conveying Systems	 	 
	 

	 	 	 	Division 15 — Design build	 	 
	 

	 	 	 	Division 16 — Design Build	 	 
	 
	STRUCTURAL CALCULATIONS
	 	 
	2/2/2009

	 	Structural Clculations by David Robert Kramer	 	 	 	 
	 
	TITLE 24 REPORT
	 	 
	1/30/2009

	 	title 24 Report by Alan Poydock — termalair, Inc.	 	 	 	 
	 
	CIVIL MISC. EXHIBITS & REPORTS
	 	 
	2/18/2009

	 	Drainage Bypass for Redlands Sewer Work Area	 	 	 	 
	 

	 	Grading Balance Area	 	 	 	 
	 

	 	Highland SWPPP	 	 	 	 
	 

	 	Offsite Rubble Disposal	 	 	 	 
	 

	 	Set Back for Restricted Hours of Work	 	 	 	 
	 

	 	Existing Stockpile Locations	 	 	 	 
	 

	 	Supplemental SWPPP	 	 	 	 
	 

	 	Water Pick-Up	 	 	 	 
	12/23/2008	 	Mitigation Monitoring Program by Michael Brandman Associates
	1/7/2009

	 	Septic Exhibit	 	 	 	 
	 

	 	Final Fire Access Plan	 	 	 	 
	 

	 	Temporary Fire Access Plan	 	 	 	 

 

 

EXHIBIT “F”

ADVANCES

     1. Draw Request. A “Draw Request” means a properly completed and executed
written application by Borrower to Administrative Agent in the form
of Exhibit “F-1” (or in
another form satisfactory to Administrative Agent) setting forth the amount of Up-Front Equity Cash
and/or Loan Proceeds desired, together with the related AIA Document G-702 and G-703 and such
schedules, affidavits, releases, waivers, statements, invoices, bills, and other documents,
certificates and information satisfactory to Administrative Agent. At least ten (10) Business Days
before the requested date of each advance made under the Budget from the Up-Front Equity Cash or
the Loan, Borrower shall deliver a Draw Request to Administrative Agent. Borrower shall be entitled
to an advance only in an amount approved by Administrative Agent in accordance with the terms of
this Agreement and the Loan Documents. Except as expressly set forth below in this Section
1, Lenders shall not be required to make advances more frequently than once each calendar
month. Lenders shall, only upon the satisfaction, as determined by Administrative Agent in its sole
discretion, of all applicable conditions of this Agreement and the Loan Documents, be required to
make the requested advance to Borrower on a Funding Date which is a Business Day within ten (10)
Business Days after such satisfaction. Each Draw Request, and Borrower’s acceptance of any advance,
shall be deemed to ratify and confirm, as of the date of the Draw Request and the advance,
respectively, that, except as specified in the Draw Request, (a) all representations and warranties
in the Loan Documents remain true and correct, and all covenants and agreements in the Loan
Documents remain satisfied, (b) there is no uncured Default or Event of Default existing under the
Loan Documents, (c) all conditions to the advance, whether or not evidence thereof is required by
Administrative Agent, are satisfied, (d) the AIA Document G-702 and G-703 forms executed by each
contractor and approved by Borrower’s architect, together with all schedules, affidavits, releases,
waivers, statements, invoices, bills, and other documents, certificates and information submitted
for the Draw Request are complete and correct, and in all respects what they purport and appear to
be for the amount and period applicable to the Draw Request, (e) all advances previously made to
Borrower were disbursed, and the proceeds of the advance requested in the Draw Request will
immediately be disbursed, for payments of the costs and expenses specified in the Budget for which
the advances were made, and for no other purpose, (f) after the advance, all obligations for work
and other costs heretofore incurred by Borrower in connection with the Project and which are due
and payable will be fully paid and satisfied and (g) any unadvanced portion of the Loan to which
Borrower is entitled, plus the portions of the Aggregate Cost that are to be paid by Borrower from
other funds that, to Administrative Agent’s satisfaction, are available, set aside and committed,
is or will be sufficient to pay the actual unpaid Aggregate Cost. Notwithstanding anything to the
contrary contained in the foregoing: (1) in the event that during any calendar month in which
Borrower has already requested and received an advance, Borrower submits to Administrative Agent a
Draw Request for an additional advance (each an “Additional Monthly Advance”) and such
Additional Monthly Advance is solely for the payment of costs and expenses associated with the
construction of the roof of the Improvements, Lenders shall make such Additional Monthly Advance
provided that (i) Administrative Agent, in its sole and absolute discretion, has approved of such
Additional Monthly Advance; and (ii) Borrower has satisfied all conditions in this Agreement for
the making of an advance with respect to such Additional Monthly Advance; and (2) Lenders shall be
required to make one Additional Monthly Advance within thirty (30) days of the making of the
Initial Advance (it being acknowledged that the making of the Initial Advance shall occur on the
date hereof) provided that Borrower has satisfied all conditions in this Agreement for the making
of such Additional Monthly Advance.

     2. Advances. Borrower shall disburse all advances made to Borrower, for payments of
the costs and expenses specified in the Budget for which the advances were made, and for no other
purpose. Following receipt and approval of a Draw Request, all supporting documentation and
information required by Administrative Agent, and receipt and approval of a written report from
Construction Consultant satisfactory to Administrative Agent, Administrative Agent will determine
the amount of the advance Lenders shall make in accordance with this Agreement, the Loan
Documents, the Budget, and if and to the extent required by the Administrative Agent, to
Administrative Agent’s satisfaction, the following standards:

     a. An
initial advance in the amount of the Initial Advance in accordance with the Budget.

     b. For construction work other than tenant improvement work, advances on the basis of ninety
percent (90%) of the costs shown on the application for payment from the contractor reviewed and
approved by Administrative Agent of the work or material in place on the Improvements that comply
with the terms of the Loan Documents, minus

EXHIBIT F, PAGE 1

 

 

all previous advances and all amounts required to be paid by Borrower, as described in the
Budget. Following the completion of fifty percent (50%) of the Improvements as determined by the
Construction Consultant, the ninety percent (90%) limitation set forth above shall be increased to
ninety five percent (95%). Notwithstanding the foregoing, at the sole and absolute discretion of
Administrative Agent, advances relating to certain line items in the Budget may be made without
any retainage withheld or early release of retainage.

     c. For tenant improvement work, advances on the basis of one hundred percent (100%) of the
costs shown for each lease in the application for payment from the contractor reviewed and
approved by Administrative Agent for the work or material in place that complies with the terms of
the Loan Documents, provided that if required by Administrative Agent (i) an application
for payment may be submitted only after all applicable tenant improvements have been completed,
(ii) the amount of the requested advance does not exceed the per square foot allowance provided in
the Budget, (iii) all provisions of the Loan Documents, including, without limitation,
Sections 3, 4, and 5 of this Exhibit “F”, have been satisfied, (iv) the term of
the applicable lease has commenced, (v) Administrative Agent has received from the applicable
tenant a tenant estoppel certificate, and a subordination and attornment agreement in the
respective forms attached as exhibits to the Closing Checklist, or otherwise in form and content
satisfactory to Administrative Agent, (vi) Administrative Agent has received two (2) sets of
as-built plans for the applicable tenant improvements, and (vii) Administrative Agent has received
evidence of satisfaction of all applicable legal requirements, including but not limited to
applicable certificates of occupancy and evidence that the plans comply with all legal
requirements regarding access and facilities for handicapped or disabled persons.

     d. No advances for building materials or furnishings that are not yet incorporated into the
Improvements (“stored materials”) unless (i) Borrower has good title to the stored materials and
the stored materials are components in a form ready for incorporation into the Improvements and
will be so incorporated within a period of one hundred twenty (120) days, (ii) the stored
materials are in Borrower’s possession and satisfactorily stored on the Land or such materials are
satisfactorily stored at such other site as Administrative Agent may approve, (iii) the stored
materials are protected and insured against theft and damage in a manner and amount satisfactory
to Administrative Agent, (iv) the stored materials have been paid for in full or will be paid for
with the funds to be advanced and all lien rights and claims of the supplier have been released or
will be released upon payment with the advanced funds, and (v) Administrative Agent for the
benefit of Lenders has or will have upon payment with the advanced funds a perfected, first
priority security interest in the stored materials. Notwithstanding the foregoing, the aggregate
amount of advances for stored materials that have not yet been incorporated into the Improvements
shall not exceed the Stored Materials Advance Limit. Any Draw Request which includes an advance
for the cost of stored materials shall be accompanied by copies of invoices for such stored
materials in form and content satisfactory to Administrative Agent. All advances for the cost of
stored materials shall be on the basis of ninety percent (90%) of the invoiced amount.

     e. Intentionally Omitted.

     f. Borrower has advised Administrative Agent and Lenders that the City has been awarded grant
money in the amount of ONE MILLION DOLLARS ($1,000,000.00) (the “Grant Money”) from the
State of California under the State of California’s Proposition 1B State Local Partnership
Competitive Grant Program which Grant is for the “Eucalyptus Street Improvements Project”. Borrower
has advised Administrative Agent and Lenders that the construction of Phase 1 of Eucalyptus Street,
which shall replace the right of way of Fir Avenue currently abutting the Property to the south,
(the “Street Project”) is a requirement imposed by the City in connection with the
construction of the Improvements and that the Grant shall ultimately be available to the Borrower
(via disbursement from the City to the Borrower) for reimbursement of costs incurred by the
Borrower in constructing Phase 1 of Eucalyptus Street. Advances for the construction of the future
Eucalyptus Street (each such advance a “Street Project Advance”) shall be made in
accordance with the following procedures:

	 	(1)	 	In the event Borrower submits a Draw Request to Administrative
Agent containing a Street Project Advance at any time from the date hereof
until that date which is six (6) months from the date hereof (such period
being referred to herein as the “Initial Six Months”), Borrower shall,
within five (5) business days of receiving such Street Project Advance, (A)
pay such Street Project Advance to Borrower’s contractor; (B) submit a request
to the City for a portion of the Grant Money in an amount equal to the amount
of the Street Project Advance contained in its Draw Request and paid to
Borrower’s contractor; and (C) provide Administrative Agent

EXHIBIT F, PAGE 2

 

 

	 	 	 	with written evidence acceptable to Administrative Agent of its satisfaction of
the requirements set forth in (A) and (B) above;
	 
	 	(2)	 	Following Borrower’s receipt from the City of a portion of the
Grant Money in response to its request for same (a “Grant Advance”),
Borrower shall provide written notice of its receipt of such Grant Advance to
Administrative Agent and confirm, with evidence acceptable to Administrative
Agent, the amount of such Grant Advance;
	 
	 	(3)	 	In its first Draw Request following the receipt of a Grant
Advance, Borrower shall include a line item for the amount of such Grant
Advance which amount shall be subtracted from (i) the total amount of such
Draw Request; and (ii) the line item in the Budget used for Street Project
Advances. For illustration purposes only, if Borrower submits a Draw Request
for $1,000,000 of Loan Proceeds which contains a Street Project Advance of
$250,000, Borrower shall simultaneously submit a request for Grant Money in
the amount of $250,000 to the City and provide Administrative Agent with
copies of such request for Grant Money together with its Draw Request for
$1,000,000 of Loan Proceeds. Should Borrower receive Grant Money from the City
in response to its request for same, Borrower shall provide Administrative
Agent with written notice of same together with evidence thereof and in its
next following Draw Request, Borrower will include the amount of such Grant
Advance as an amount to be subtracted from the total amount of Loan Proceeds
requested in such following Draw Request and from the line item in the Budget
used for Street Project Advances.
	 
	 	(4)	 	In the event that Borrower does not receive the entire amount
of Grant Money during the Initial Six Months, within two (2) business days of
the expiration of the Initial Six Months, Borrower shall deposit into the
Upfront Equity Account an amount equal to ONE MILLION DOLLARS ($1,000,000.00)
less the total sum of all Grant Advances which have been received by Borrower
and deducted from subsequent Draw Requests pursuant to the procedure set forth
in subsection (3) above.
	 
	 	(5)	 	Notwithstanding anything to the contrary contained in this
Agreement, One Million Dollars ($1,000,000.00) of Loan Proceeds will be held
back and remain undisbursed within the line item in the Budget used for Street
Project Advances until the earlier to occur of (i) the disbursement to Borrower
of all of the Grant Money and confirmation by Administrative Agent that an
amount equal to all of the Grant Money (i.e., $1,000,000) has been deducted
from Draw Requests in the manner described above in this Section f; and
(ii) the expiration of the Initial Six Months but only provided that Borrower
has complied with the requirements of subsection (4) above.
	 
	 	(6)	 	During the Initial Six Months, Borrower shall not request an
advance of Grant Money from the City (or any other governmental authority)
without first having submitted to Administrative Agent a Draw Request
containing a Street Project Advance in the same amount as the amount of Grant
Money requested as set forth in subsection (1) above. At any time following
the expiration of the Initial Six Months, and provided that Borrower has
complied with the requirements of subsection (4) above, Borrower may submit
requests to the City (or any other governmental authority) for Grant Money and
if received apply such funds in whatever manner Borrower elects.

     g. Advances of “Hard Cost Contingency” (or any other similarly described item in the Budget)
shall be made available to Borrower as construction progresses but only (i) for hard costs; (ii) in
proportion to the percentage of completion of the Improvements at the time of advance as determined
by the Construction Consultant; and (iii) if shown as expended with all supporting documentation
and information and as shown in the report of the Construction Consultant submitted in connection
with such advance.

     h. Administrative Agent shall make periodic advances of soft costs, each in the amount
requested in the applicable Draw Request, without retainage provided that such request shall be
supported by a payables listing in

EXHIBIT F, PAGE 3

 

 

form and content satisfactory to Administrative Agent and for any soft cost greater than or equal
to Twenty Five Thousand and No/100 Dollars ($25,000.00), such request shall also be supported by
an invoice and other back up materials in form and content satisfactory the Administrative Agent.

     i. Advances of “Development Management Fee” (as set forth in the Budget) shall be made
available to Borrower as construction progresses provided however that in no event shall the ratio
of funded Development Management Fee to the total budgeted Development Management Fee expressed as
a percentage exceed by more than ten (10) percentage points the ratio of funded hard costs to the
total budgeted hard costs expressed as a percentage. By way of example only, if a Draw Request that
includes a request for a portion of the Development Management Fee is made and at such time fifty
percent (50%) of total hard costs have been funded, Borrower shall only be entitled to an Advance
for Development Management Fee in an amount that, when added to the Advances of Development
Management Fee already funded, does not exceed sixty percent (60%) of the total budgeted
Development Management Fee.

     j. Borrower has advised Administrative Agent and the Lenders that in connection with site
grading to be performed on the Property, the City has required that Borrower place with the City
cash security in the amount of ONE MILLION FIVE HUNDRED THIRTY FIVE THOUSAND SEVENTY SIX AND NO/100
DOLLARS ($1,535,076.00) to secure Borrower’s obligation to complete such site grading. Accordingly,
the Budget contains a line item entitled “Site Grading and Other Cash Sureties” in that amount. In
the event that the City returns to the Borrower the Site Grading and Other Cash Sureties or any
portion thereof (such amount returned the “Returned Amount”), Borrower shall, within two
(2) business days of receipt thereof, deposit the Returned Amount into the Up-Front Equity Account
Once such funds are received into the Up-Front Equity Account, the Budget shall be amended by
reallocating the line items for each of “Site Grading and Other Cash Sureties” (decrease) and
“Development Management Fee” (increase) by an amount equal to the Returned Amount.

     3. Conditions to the Initial Advance. As conditions precedent to the Initial Advance
hereunder, if and to the extent required by Administrative Agent, to Administrative Agent’s
satisfaction, Borrower must have satisfied the conditions required under this Agreement, including
all of those conditions set forth in Exhibit “C” and Section 4 below.

     4. Conditions to All Advances. As conditions precedent to each advance made pursuant
to a Draw Request, in addition to all other requirements contained in this Agreement, if and to
the extent required by Administrative Agent:

     a. the Advance Termination Date shall not have passed; and

     b. Administrative Agent shall have received and approved the following:

     i. Evidence satisfactory to Administrative Agent of the continued satisfaction of all
conditions to the Initial Advance (except to the extent that any of such conditions were waived in
writing by Administrative Agent).

     ii. A Draw Request.

     iii. Evidence satisfactory to Administrative Agent that no Default or any event which, with
the giving of notice or the lapse of time, or both, could become a Default, exists.

     iv. Evidence satisfactory to Administrative Agent that the representations and warranties
made in the Loan Documents must be true and correct on and as of the date of each advance and no
event shall have occurred or condition or circumstance shall exist which, if known to Borrower,
would render any such representation or warranty incorrect or misleading.

     v. Each subcontract or other contract for labor, materials, services and/or other work
included in a Draw Request duly executed and delivered by all parties thereto and effective, and
to the extent required under this Agreement, a true and complete copy of a fully executed copy of
each such subcontract or other

EXHIBIT F, PAGE 4

 

 

contract as Administrative Agent may have requested, together with performance and payment bonds
securing such contracts and subcontracts, to the extent required by Administrative Agent, in form
and substance satisfactory to Administrative Agent.

     vi. Evidence satisfactory to Administrative Agent that no mechanic’s or materialmen’s lien or
other encumbrance has been filed and remains in effect against the Property, including releases or
waivers of mechanics’ liens and receipted bills showing payment of all amounts due to all parties
who have furnished materials or services or performed labor of any kind in connection with the
Property.

     vii. Evidence satisfactory to Administrative Agent that the Title Insurance has been endorsed
and brought to date in a manner satisfactory to Administrative Agent to increase the coverage by
the amount of each advance through the date of each such advance with no additional title change
or exception not approved by Administrative Agent.

     viii. Certification by Construction Consultant, and if required by Administrative Agent by
Borrower’s architect, that to the best of such party’s knowledge, information, and belief,
construction is in accordance with the Plans, the quality of the work for which the advance is
requested is in accordance with the applicable contract, the amount of the advance requested
represents work in place based on on-site observations and the data comprising the Draw Request,
the work has progressed in accordance with the construction contract and schedule, and the
applicable contractor is entitled to payment of the amount certified.

     ix. (1) a foundation survey made immediately after, but in no event later than ten (10) days
after, the laying of the foundation of each building or structure of the Improvements satisfactory
to Administrative Agent and to the extent required by Administrative Agent complying with
Exhibit “G”, (2) a certificate of Borrower’s architect stating that based on personal
inspection the foundations have been completed in accordance with the Plans and are satisfactory
in all respects, and (3) a bearing capacity test report with respect to the excavated footings and
foundations, reviewed and approved by the Construction Consultant and Borrower’s architect.

     x. Within ten (10) days after the pouring of concrete for any Improvements, a report
satisfactory to Construction Consultant of the results of concrete tests made at the time the
concrete is poured.

     xi. Within ten (10) days after the compaction of any soil for construction, a report
satisfactory to Construction Consultant of the results of soil tests.

     xii. Evidence satisfactory to Administrative Agent that as of the date of making such
advance, no event shall have occurred, nor shall any condition exist, that could have a Material
Adverse Effect on the enforceability of the Loan Documents, a Material Adverse Effect to the
financial condition of Borrower or any Guarantor, impair the ability of Borrower or any Guarantor
to fulfill its material obligations under the Loan Documents, or otherwise have a Material Adverse
Effect whatsoever on the Property.

     xiii. Intentionally Omitted.

     xiv. Evidence satisfactory to Administrative Agent that the Improvements shall not have been
damaged in any material respect and not repaired (or in the process of being repaired) and shall
not be the subject of any pending or threatened condemnation or adverse zoning proceeding.

     xv. Evidence satisfactory to Administrative Agent that Borrower has paid all amounts then
required to be paid by Borrower under the Budget.

     xvi. The Borrower’s Deposit if required by Section 1.5 of this Agreement.

     xvii. With respect to any advance to pay a contractor, original applications for payments in
form approved by Administrative Agent, containing a breakdown by trade and/or other categories
acceptable to

EXHIBIT F, PAGE 5

 

 

Administrative Agent, executed and certified by each contractor and Borrower’s architect,
accompanied by invoices, and approved by Construction Consultant.

     xviii. Copies of California statutory form lien waivers and advances executed by each
contractor and each appropriate subcontractor, supplier and materialman, including, without
limitation, from all parties sending statutory notices to contractors, notices to owners, or
notices of nonpayment. Each Draw Request shall be accompanied by (a) California statutory
form conditional lien waivers and releases for all contractors, subcontractors, suppliers
and materialman rendering services or providing materials which are the subject of such Draw
Request, and (b) California statutory form of final and unconditional lien waivers and
releases from all contractors, subcontractors, suppliers and materialmen who were paid from
the immediately preceding Draw Request with respect to the services or materials covered
thereby.

     xix. Such other information, documents and supplemental legal opinions as may be
required by Administrative Agent.

     5. Final Advance for Improvements. If and to the extent required by the
Administrative Agent, to Administrative Agent’s satisfaction, the final advance for the
Improvements (including retainage) shall not be made until thirty (30) days after the later of (i)
the date on which the Improvements have been “completed,” as evidenced by the issuance of a final
and unconditional certificate of occupancy (or the local equivalent thereof), and (ii) if required
by Administrative Agent, the date on which a notice of completion has been recorded. In the case of
each such Draw Request, if and to the extent required by Administrative Agent, Administrative Agent
shall have received the following as additional conditions precedent to the requested advance:

     a. Certificates from Borrower’s architect, engineer, contractor and, if required by
Administrative Agent, from the Construction Consultant, certifying that the Improvements
(including any off-site improvements) have been completed in accordance with, and as completed
comply with, the Plans and all Laws and governmental requirements; and Administrative Agent shall
have received two (2) sets of detailed “as built” Plans approved in writing by Borrower,
Borrower’s architect, and each contractor.

     b. Final affidavits (in a form approved by Administrative Agent) from Borrower’s architect,
engineer, and each contractor certifying that each of them and their subcontractors, laborers, and
materialmen has been paid in full for all labor and materials for construction of the
Improvements; and California statutory form unconditional final lien releases or waivers by
Borrower’s architect, engineer, contractor, and all subcontractors, materialmen, and other
parties who have supplied labor, materials, or services for the construction of the Improvements,
or who otherwise might be entitled to claim a contractual, statutory or constitutional lien
against the Property.

     c. The Title Insurance shall be endorsed to remove any exception for mechanics’ or
materialmen’s liens or pending disbursements, with no additional title change or exception
objectionable to Administrative Agent, and with such other endorsements required by Administrative
Agent.

     d. Evidence satisfactory to Administrative Agent that all Laws and governmental requirements
have been satisfied, including receipt by Borrower of all necessary governmental licenses,
certificates and permits (including certificates of occupancy) with respect to the completion,
use, occupancy and operation of the Improvements, together with evidence satisfactory to
Administrative Agent that all such licenses, certificates, and permits are in full force and
effect and have not been revoked, canceled or modified.

     e. Three (3) copies of a final as-built survey satisfactory to Administrative Agent and to
the extent required by Administrative Agent complying with Exhibit “G”.

     f. Intentionally Omitted.

     g. If applicable, an estoppel certificate and a subordination agreement, in the form approved
by Administrative Agent, from Skechers, and written confirmation by Skechers that Skechers has
approved the completed
Improvements.

EXHIBIT F, PAGE 6

 

 

     6. Direct Advances. Borrower hereby irrevocably authorizes Administrative Agent on
behalf of Lenders (but Administrative Agent shall have no obligation unless otherwise noted) to (i)
advance Loan funds directly to Lenders to pay interest due on the Loan, and (ii) advance and
directly apply the proceeds of any advance to the satisfaction of any of Borrower’s obligations
under any of the Loan Documents, even though Borrower did not include that amount in a Draw Request
and/or no Default exists. Each such direct advance (except for application of a Borrower’s Deposit)
shall be added to the outstanding principal balance of the Loan and shall be secured by the Loan
Documents. Notwithstanding the foregoing, unless Borrower pays such interest from other resources,
and provided further that no Default exists nor has any event occurred which with the passing of
time or giving of notice would become a Default, Administrative Agent may advance Loan funds
pursuant to this Section for interest payments as and when due to the extent of any interest
reserve created for such purposes. Nothing contained in this Agreement shall be construed to permit
Borrower to defer payment of interest on the Loan beyond the date(s) due. The allocation of Loan
funds in the Budget for interest shall not affect Borrower’s absolute obligation to pay the same in
accordance with the Loan Documents. Administrative Agent may hold, use, disburse and apply the Loan
and the Borrower’s Deposit for payment of any obligation of Borrower under the Loan Documents.
Borrower hereby assigns and pledges the Loan Proceeds and any Borrower’s Deposit to Administrative
Agent for itself and for the benefit of Lenders for such purposes. Administrative Agent on behalf
of Lenders may advance and incur such expenses as Administrative Agent deems necessary for the
completion of the Improvements and to preserve the Property, and any other security for the Loan,
and such expenses, even though in excess of the amount of the Loan, shall be secured by the Loan
Documents and shall be payable to Administrative Agent on behalf of Lenders on demand.
Administrative Agent on behalf of Lenders may disburse any portion of any advance at any time, and
from time to time, to persons other than Borrower for the purposes specified in this Section and
the amount of advances to which Borrower shall thereafter be entitled shall be correspondingly
reduced.

     7. Conditions and Waivers. All conditions precedent to the obligation of Lenders to
make any advance are imposed hereby solely for the benefit of Administrative Agent and Lenders,
and no other party may require satisfaction of any such condition precedent or be entitled to
assume that Lenders will refuse to make any advance in the absence of strict compliance with such
conditions precedent. Administrative Agent shall have the right to approve and verify the periodic
progress of, costs incurred by Borrower for, and the estimated costs remaining to be incurred for
the construction of the Improvements, after consultation with the Construction Consultant. No
advance shall constitute an approval or acceptance by Administrative Agent of any construction
work, or a waiver of any condition precedent to any further advance, or preclude Administrative
Agent from thereafter declaring the failure of Borrower to satisfy such condition precedent to be
a Default. No waiver by Administrative Agent of any condition precedent or obligation shall
preclude Administrative Agent from requiring such condition or obligation to be met prior to
making any other advance or from thereafter declaring the failure to satisfy such condition or
obligation to be a Default.

     8. Funding. Borrower shall establish and maintain a special account with
Administrative Agent into which advances funded directly to Borrower (but no other funds except as
provided herein), and excluding direct disbursements made to or by Administrative Agent on behalf
of Lenders pursuant to this Agreement, shall be deposited by Borrower, and against which checks
shall be drawn only for the payment of costs specified in the Budget, but which special account
shall not be used for any other purpose. Borrower hereby irrevocably authorizes Administrative
Agent to deposit each advance requested by Borrower to the credit of Borrower in that account, by
wire transfer or other deposit. Advances may also be made, in addition to other methods
contemplated herein, at Administrative Agent’s option, by direct or joint check payment to any or
all persons entitled to payment for work or services performed or material furnished in connection
with the Project or the Loan (but such direct payments or joint check payment shall only be used
with borrower’s consent unless a Default has occurred), or by having the proceeds thereof made
available to the Title Company (or its agent) for disbursement. Neither Administrative Agent nor
any Lender shall not be required to, and has no responsibility to, supervise the proper
application or distribution of funds to third parties. Provided no Default exists, Administrative
Agent shall also cause interest earned on the Certificate of Deposit (as such term is defined in
Section 2.16 of this Agreement) to be credited from time to time to the special account
established by Borrower pursuant to this Section 8.

     9. Up-Front Equity Account. Borrower, Administrative Agent and Lenders acknowledge
that (i) Borrower has established the Up-Front Equity Account with, and under the control of,
Administrative Agent; (ii) has deposited the Initial Up-Front Equity Cash into same for the
purposes of funding the Total Costs; and (iii) shall, prior to the Initial Advance of Loan
Proceeds, deposit the Deferred Up-Front Equity Cash into same for the purposes of funding the
Total Costs. No advances of Loan Proceeds, including the Initial Advance of Loan Proceeds, shall
be made unless

EXHIBIT F, PAGE 7

 

 

and until the Up-Front Equity Cash has been advanced from the Up-Front Equity Account towards Total
Costs and at any time funds exist in the Up-Front Equity Account, such funds shall be utilized for
advances prior to the advancing of any Loan Proceeds. All advances of Up-Front Equity Cash from the
Up-Front Equity Account shall be made pursuant to Draw Requests submitted by Borrower pursuant to
this Agreement and this Exhibit “F” and shall be subject to all of the terms and conditions
of this Agreement and this Exhibit “F”. Pursuant to a Collateral Assignment and Pledge of
Account of even date herewith, Borrower has pledged and granted a security interest in the Up-Front
Equity Account to Administrative Agent and Lenders to secure Borrower’s obligations to
Administrative Agent and Lenders under the Loan Documents.

     10. Reallocation of Hard Cost Contingency. Upon written notice to Administrative
Agent, Borrower shall be entitled to reallocate the sum of FIVE HUNDRED THOUSAND AND NO/100
DOLLARS ($500,000.00) from the “Hard Cost Contingency” line item in the Budget to the “Development
Management Fee” line item in the Budget one time during the term of the Loan provided that
Borrower has satisfied of all of the following conditions: (a) no Default exists at the time of
Borrower’s request for such reallocation, nor has any event occurred which upon the giving of
notice or passage of time would become a Default; (b) the Project is at least ninety percent (90%)
complete as certified in writing by the Construction Consultant; (c) at the time of Borrower’s
request for such reallocation, the Borrower is in strict compliance with Section 1.5 of
this Agreement; (d) all Letters of Credit issued hereunder have either been cancelled and returned
to Administrative Agent or Cash Collateralized as required under this Agreement; and (e) all Grant
Money has either been paid to Borrower or Borrower has made the deposit of funds into the Up-Front
Equity Account as required in Section 2.f of this Exhibit “F”.

EXHIBIT F, PAGE 8

 

 

EXHIBIT “F-1”

DRAW REQUEST

[BORROWER’S LETTERHEAD]

DRAW
REQUEST NO.                   

TO: BANK OF AMERICA, N.A. (“Administrative Agent”)

	 	 	 	 	 	 	 	 	 	 	 

	LOAN NO.

	 	 	 	 	 	DATE	 	 	 	 
	 	 	 	 	 	 	 	 	 
	PROJECT
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	LOCATION
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	BORROWER
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	FOR PERIOD ENDING	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

In accordance with the Construction Loan Agreement in the amount of $                     dated                     ,
among Borrower, Administrative Agent and the Lenders as defined therein, Borrower requests that $                    
be advanced from Loan Proceeds [, $                     be advanced from Borrower’s Deposit and $                     be advanced from
Up-Front Equity Cash]. The proceeds should be credited to the account of                                                              Account No.
                    , at                                         .

	 	 	 	 	 

	1. CURRENT DRAW REQUEST FOR HARD COSTS
	 	$	                    	 
	2. CURRENT DRAW REQUEST FOR SOFT COSTS
	 	$	                    	 
	3. TOTAL DRAW REQUEST
	 	$	                    	 

AUTHORIZED SIGNER:

	 	 	 	 	 	 	 

	 

	 	 	 	Dated:	 	 
	 

	 	 	 	 	 	 

EXHIBIT F-1, PAGE 1

 

 

EXHIBIT “G”

SURVEY REQUIREMENTS

     1. Requirements. The Survey shall be made in accordance with, and meet the
requirements of, the certification below by a registered professional engineer or registered
professional land surveyor. The description shall be a single metes and bounds perimeter
description of the entire Land, and a separate metes and bounds description of the perimeter of
each constituent tract or parcel out of the Land. The total acreage and square footage of the Land
and each constituent tract or parcel of the Land shall be certified. If the Land has been recorded
on a map or plat as part of an abstract or subdivision, all survey lines must be shown, and all lot
and block lines (with distances and bearings) and numbers, must be shown. The date of any revisions
subsequent to the initial survey prepared pursuant to these requirements must also be shown.

     2. Certification. The certification for the property description and the map or plat
shall be addressed to Administrative Agent for the Lenders, Borrower and the Title Company, signed
by the surveyor (a registered professional land surveyor or registered professional engineer),
bearing current date, registration number, and seal, and shall be in the following form or its
substantial equivalent:

This is to certify to Bank of America, N.A., as Administrative Agent for certain Lenders, HF
Logistics-SKX T1, LLC, as Borrower and,                     , as the Title Company that this map or plat and the
survey on which it is based were made in accordance with the “Minimum Standard Detail
Requirements for ALTA/ACSM Land Title Surveys” jointly established and adopted by ALTA and
NSPS in 2005, and include optional items 1, 2, 4 (in square feet or acres), 6, 8, 10, 11(b),
16, 17, 18, and if buildings are located on the land, optional items 7(a), 7(b)(1), 7(b)(2)
and 9 of Table A thereof. Pursuant to the Accuracy Standards as adopted by ALTA and NSPS and
in effect on the date of this certification, the undersigned further certifies that in my
professional opinion, as a land surveyor registered in the State of California, the maximum
Relative Positional Accuracy resulting from the measurements made on the survey does not
exceed the Allowable Relative Positional Accuracy for Measurements Controlling Land
Boundaries on ALTA/ACSM Land Title Surveys (0.07 feet or 20 mm + 50 ppm). The undersigned
additionally certifies that (a) this survey was made on the ground under my supervision; (b)
I have received and examined a copy of the Title Insurance Commitment No.                      issued by the
Title Company as well as a copy of each instrument listed therein, and the subject land and
each tract or parcel thereof described in this survey is the same land as described in the
Title Commitment; (c) if the subject land consists of two or more tracts or parcels having
common boundaries, those tracts and parcels are contiguous along the common boundaries; (d)
the subject land and each tract or parcel thereof has a tax map designation separate and
distinct from that of any other land and the subject land and each tract or parcel thereof
is a separate, legally subdivided parcel; (e) this survey correctly shows all matters of
record, (and to the extent they can be located, their location and dimensions) of which I
have been advised affecting the subject land according to the legal description in such
matters (with instrument, book, and page number indicated); (f) except as shown on this
survey, no part of the subject land is located in a 100-year Flood Plain or in an identified
“flood prone area,” as defined pursuant to the Flood Disaster Protection Act of
1973, as amended, as reflected by Flood Insurance Rate Map Panel # dated                     , which such map
panel covers the area in which the Property is situated and this survey correctly indicates
the zone designation of any area as being in the 100-year Flood Plain or “flood prone
area”; (g) to the best of my knowledge, this survey shows the relation of and distance
of all substantial, visible buildings, sidewalks and other improvements to easements and
setback lines; and (h) to the best of my knowledge, except as shown on this survey, neither
the subject land nor any tract or parcel thereof serves any adjoining land for drainage,
utilities, or ingress or egress.

EXHIBIT G, PAGE 1

 

 

EXHIBIT “H”

INTENTIONALLY OMITTED

EXHIBIT H, PAGE 1

 

 

EXHIBIT “I”

LEASING AND TENANT MATTERS

     Borrower and Lenders agree as follows:

     1. Approved Leases. Borrower shall not enter into any tenant lease of space in the
Improvements unless satisfactory to or deemed satisfactory to Administrative Agent prior to
execution. Borrower’s standard form of tenant lease, and any revisions thereto, must have the prior
written approval of Administrative Agent Any tenant lease shall be “deemed” satisfactory to
Administrative Agent that (a) is on the standard form lease approved by Administrative Agent, with
no deviations except as satisfactory to Administrative Agent; (b) is entered into in the ordinary
course of business with a bona fide unrelated third party tenant, and Borrower, acting in good
faith and exercising due diligence, has determined that the tenant is financially capable of
performing its obligations under the lease; (c) is received by Administrative Agent (together with
each guarantee thereof (if any) and financial information regarding the tenant and each guarantor
(if any) received by Borrower) within fifteen (15) days after execution; (d) reflects an
arms-length transaction at then current market rate for comparable space; (e) contains no right to
purchase the Property, or any present or future interest therein; (f) does not require Borrower to
provide funds for tenant improvements in excess of the per square foot allowance provided in the
Budget; (g) does not cover in excess of twenty-five percent (25%) of the aggregate net rentable
area of the Improvements; and (h) is expressly subordinate to the Mortgage. Borrower shall provide
to Administrative Agent a correct and complete copy of each tenant lease, including any exhibits,
and each guarantee thereof (if any), prior to execution unless the lease in question is
satisfactory to Administrative Agent under the foregoing requirements. Borrower shall, throughout
the term of this Agreement, pay all reasonable costs incurred by Administrative Agent in connection
with Administrative Agent’s review and approval of tenant leases and each guarantee thereof (if
any), including reasonable attorneys’ fees and costs.

     2. Effect of Lease Approval. No approval of any lease by Administrative Agent shall
be for any purpose other than to protect Lenders’ security, and to preserve Lenders’ rights under
the Loan Documents. No approval by Administrative Agent shall result in a waiver of any default of
Borrower. In no event shall any approval by Administrative Agent of a lease be a representation of
any kind, with regard to the lease or its adequacy or enforceability, or the financial capacity of
any tenant or guarantor.

     3. Representations Concerning Leases. Borrower represents and warrants to
Administrative Agent and Lenders that Borrower has delivered to Administrative Agent a true and
correct copy of all tenant leases and each guarantee thereof (if any), affecting any part of the
Improvements, together with an accurate and complete rent roll for the Project, and no such lease
or guarantee contains any option to purchase all or any portion of the Property or any interest
therein or contains any right of first refusal relating to any sale of the Property or any portion
thereof or interest therein.

     4. Delivery of Leasing Information and Documents. Borrower shall promptly (a) deliver
to Administrative Agent such monthly rent rolls, leasing schedules and reports, operating
statements, financial statements for tenants other than residential tenants with a lease term for
less than one year and other information regarding tenants and prospective tenants or other
leasing information as Administrative Agent from time to time may request, and (b) obtain and
deliver to Administrative Agent such estoppel certificates and subordination and attornment
agreements executed by such tenants (and guarantors, if any) in the respective forms attached as
exhibits to the Closing Checklist, or otherwise in such forms as Administrative Agent from time to
time may require.

     5. Income from the Property. Borrower shall first apply all income from leases, and
all other income derived from the Property, to pay costs and expenses associated with the
ownership, maintenance, development, operating, and marketing of the Land and Improvements,
including all amounts then required to be paid under the Loan Documents, before using or applying
such income for any other purpose.

     6. Compliance and Default. As additional conditions to Lenders’ obligations under
this Agreement, all tenants having the right to do so must approve all Plans and all changes
thereto, the construction of the Improvements, and all other aspects of the Project requiring
tenants’ approval. A default by Borrower under or any failure by Borrower to satisfy any of the
conditions of a lease shall constitute a Default under this Agreement. Borrower shall promptly
notify Administrative Agent in writing of any failure by any party to perform any material
obligation under

EXHIBIT I, PAGE 1

 

 

any lease, any event or condition which would permit a tenant to terminate or cancel a lease,
or any notice given by a tenant with respect to the foregoing, specifying in each case the action
Borrower has taken or will take with respect thereto.

     7. Skechers Lease. Notwithstanding anything to the contrary contained herein,
Administrative Agent and Borrower hereby acknowledge that the Lease with Skechers previously
delivered to Administrative Agent by Borrower is acceptable to Administrative Agent and Borrower
shall comply with the requirements of this Exhibit “I” with respect to the Lease. Further,
Borrower shall not modify any terms or provisions of the Lease without prior written consent of
Administrative Agent, which consent shall be in Administrative Agent’s sole discretion.

EXHIBIT I, PAGE 2

 

 

EXHIBIT “J”

LIST OF REQUIRED BONDS

	 	(a)	 	Performance Bond for the general contractor in amount, form and content satisfactory to
Administrative Agent; and
	 
	 	(b)	 	Payment Bond for the general contractor, in form and content satisfactory to Administrative
Agent.

Each bond shall be issued by a corporate surety acceptable to Administrative Agent and authorized
and admitted to do business and to execute bonds in the state where the Project is located and
contain a dual obligee rider with power of attorney in favor of Administrative Agent in form and
content satisfactory to Administrative Agent.

EXHIBIT J, PAGE 1

 

 

EXHIBIT “K”

LETTERS OF CREDIT

     1. The Letter of Credit Commitment.

     (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the other Lenders set forth in this Exhibit “K”, (1) from time to time on any
Business Day during the period from the date of this Agreement until the Letter of Credit
Expiration Date, to issue Letters of Credit for the account of the Borrower, and to amend or renew
Letters of Credit previously issued by it, in accordance with Section 2 below, and (2) to
honor drafts under the Letters of Credit; and (B) the Lenders severally agree to participate in
Letters of Credit issued for the account of the Borrower; provided that the L/C Issuer
shall not be obligated to make any L/C Credit Extension with respect to any Letter of Credit, and
no Lender shall be obligated to participate in, any Letter of Credit if as of the date of such L/C
Credit Extension, (x) the outstanding amount of all L/C Obligations and all Loan advances would
exceed the combined Commitments, or (y) the outstanding amount of the L/C Obligations would exceed
the Letter of Credit Sublimit. Within the foregoing limits, and subject to the terms and conditions
hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and
accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace
Letters of Credit that have expired or that have been drawn upon and reimbursed.

     (ii) The L/C Issuer shall be under no obligation to issue any Letter of Credit if:

     (A) any order, judgment or decree of any Tribunal or arbitrator shall by its terms
purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law
applicable to the L/C Issuer or any request or directive (whether or not having the force of
Law) from any Tribunal with jurisdiction over the L/C Issuer shall prohibit, or request that
the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of
Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not
otherwise compensated hereunder) not in effect on the date of this Agreement, or shall
impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable
on the date of this Agreement and which the L/C Issuer in good faith deems material to it;

     (B) the expiry date of such requested Letter of Credit would occur more than twelve
months after the date of issuance or last renewal, unless the Required Lenders have
approved such expiry date;

     (C) the expiry date of such requested Letter of Credit would occur after the Letter of
Credit Expiration Date, unless all the Lenders have approved such expiry date;

     (D) the issuance of such Letter of Credit would violate one or more policies of the
L/C Issuer; or

     (E) such Letter of Credit is in an initial amount less than $25,000, or is to be used
for a purpose other than the development of the Improvements or denominated in a currency
other than Dollars.

     (iii) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the
L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended
form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the
proposed amendment to such Letter of Credit.

     2. Procedures for Issuance and Amendment of Letters of Credit.

     (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request
of the
Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a
Letter of Credit Application, appropriately completed and signed by Borrower. Such Letter of
Credit Application must be received by the L/C Issuer and the Administrative Agent not later than
11:00 a.m., Administrative Agent’s Time, at least two Business Days (or such later date and time
as the L/C Issuer may agree in a particular instance in its sole discretion)

EXHIBIT K, PAGE 1

 

 

prior to the proposed issuance date or date of amendment, as the case may be. In the case of
a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall
specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the
requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry
date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be
presented by such beneficiary in case of any drawing thereunder; (F) the full text of any
certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such
other matters as the L/C Issuer may require. In the case of a request for an amendment of any
outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of
amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and
(D) such other matters as the L/C Issuer may require.

     (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm
with the Administrative Agent (by telephone or in writing) that the Administrative Agent has
received a copy of such Letter of Credit Application from the Borrower and, if not, the L/C Issuer
will provide the Administrative Agent with a copy thereof. Upon receipt by the L/C Issuer of
confirmation from the Administrative Agent that the requested issuance or amendment is permitted in
accordance with the terms hereof, then, subject to the terms and conditions hereof, the L/C Issuer
shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter
into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s
usual and customary business practices. Immediately upon the issuance of each Letter of Credit,
each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from
the L/C Issuer a participation in such Letter of Credit in an amount equal to the product of such
Lender’s Pro Rata Share times the amount of such Letter of Credit.

     (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of
Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will
also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter
of Credit or amendment.

     3. Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing
under such
Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof.
Not later than 11:00 a.m., Administrative Agent’s Time, on the date of any payment by the L/C
Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall
reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such
drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative
Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing
(the “Unreimbursed Amount”), and the amount of such Lender’s Pro Rata Share thereof. In
such event, the Borrower shall be deemed to have requested an advance of Base Rate Principal to be
disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, subject to the amount
of the unutilized portion of the combined Commitments and the conditions set forth in Exhibit
“F” (other than the delivery of a Draw Request). Any notice given by the L/C Issuer or the
Administrative Agent pursuant to this subsection may be given by telephone if immediately
confirmed in writing; provided that the lack of such an immediate confirmation shall not
affect the conclusiveness or binding effect of such notice.

     (ii) Each Lender (including the Lender acting as L/C Issuer) shall upon any notice pursuant
to the subsection above make funds available to the Administrative Agent for the account of the
L/C Issuer at the Administrative Agent’s Office in an amount equal to its Pro Rata Share of the
Unreimbursed Amount not later than 1:00 p.m., Administrative Agent’s Time, on the Business Day
specified in such notice by the Administrative Agent, whereupon, subject to the provisions of the
subsection below, each Lender that so makes funds available shall be deemed to have made an
advance of Base Rate Principal to the Borrower in such amount. The Administrative Agent shall
remit the funds so received to the L/C Issuer.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by an advance of
Base Rate Principal because the conditions set forth in Exhibit “F” cannot be satisfied or
for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C
Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing
shall be due and payable on demand (together with interest) and shall bear interest at the Past
Due Rate. In such event, each Lender’s payment to the Administrative Agent for the

EXHIBIT K, PAGE 2

 

 

account of the L/C Issuer pursuant to the subsection above shall be deemed payment in respect
of its participation in such L/C Borrowing and shall constitute a participation in such L/C
Borrowing from such Lender in satisfaction of its participation obligation under this Section.

     (iv) Until each Lender funds its Loan advance or participation in an L/C Borrowing pursuant
to this Section to reimburse the L/C Issuer for any amount drawn under any Letter of Credit,
interest in respect of such Lender’s Pro Rata Share of such amount shall be solely for the account
of the L/C Issuer.

     (v) Each Lender’s obligation to make a Loan advance or participation in such L/C Borrowing
to
reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this
Section, shall be absolute and unconditional and shall not be affected by any circumstance,
including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may
have against the L/C Issuer, the Borrower or any other person for any reason whatsoever; (B) the
occurrence or continuance of a Default or event of Default, or (C) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make a Loan advance pursuant to this Section is subject to the conditions
set forth in Section 4 of Exhibit “F” being satisfactory to Administrative Agent.
No such reimbursement shall relieve or otherwise impair the obligation of the Borrower to
reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of
Credit, together with interest as provided herein.

     (vi) If any Lender fails to make available to the Administrative Agent for the account of the
L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of
this Section by the time specified in subsection (ii), the L/C Issuer shall be entitled to recover
from such Lender (acting through the Administrative Agent), on demand, such amount with interest
thereon for the period from the date such payment is required to the date on which such payment is
immediately available to the L/C Issuer at a rate per annum equal to the Federal Funds Rate from
time to time in effect. A certificate of the L/C Issuer submitted to any Lender (through the
Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive
absent manifest error.

     4. Repayment of Participations.

     (i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has
received
from any Lender such Lender’s participation in a L/C Borrowing in respect of such payment in
accordance with Exhibit “K”, Section 3, if the Administrative Agent receives for the
account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest
thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral
applied thereto by the Administrative Agent), the Administrative Agent will distribute to such
Lender its Pro Rata Share (appropriately adjusted, in the case of interest payments, to reflect
the period of time Lender’s participation payment was outstanding) thereof in the same funds as
those received by the Administrative Agent.

     (ii) If any payment received by the Administrative Agent for the account of the L/C Issuer
pursuant to Exhibit “K”, Section 3(i) is required to be returned, under any of the
circumstances described in Section 6.4 (including pursuant to any settlement entered into
by the L/C Issuer in its discretion) each Lender shall pay to the Administrative Agent for the
account of the L/C Issuer its Pro Rata Share thereof on demand of the Administrative Agent, plus
interest thereon from the date of such demand to the date such amount is returned by such Lender,
at a rate per annum equal to the Federal Funds Rate from time to time in effect.

     5. Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing, shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

     (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any
other
agreement or instrument relating thereto;

     (ii) the existence of any claim, counterclaim, set-off, defense or other right that the
Borrower may have at any time against any beneficiary or any transferee of such Letter of Credit
(or any person for whom any such

EXHIBIT K, PAGE 3

 

 

beneficiary or any such transferee may be acting), the L/C Issuer or any other person,
whether in connection with this Agreement, the transactions contemplated hereby or by such Letter
of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

     (iii) any draft, demand, certificate or other document presented under such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein
being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise
of any document required in order to make a drawing under such Letter of Credit;

     (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of a
draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any
payment made by the L/C Issuer under such Letter of Credit to any person purporting to be a
trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator,
receiver or other representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief
Law; or

     (v) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a defense available
to, or a discharge of, the Borrower.

     The Borrower shall promptly examine a copy of each Letter of Credit and each amendment
thereto that is delivered to it and, in the event of any claim of noncompliance with the
Borrower’s instructions or other irregularity, the Borrower will immediately notify the L/C
Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the L/C
Issuer and its correspondents unless such notice is given as aforesaid.

     6. Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any drawing
under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document
(other than any sight draft, certificates and documents expressly required by the Letter of Credit)
or to ascertain or inquire as to the validity or accuracy of any such document or the authority of
the person executing or delivering any such document. None of the L/C Issuer, any Agent-Related
Person nor any of the respective correspondents, participants or assignees of the L/C Issuer shall
be liable to any Lender for (i) any action taken or omitted in connection herewith at the request
or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken
or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution,
effectiveness, validity or enforceability of any document or instrument related to any Letter of
Credit or Letter of Credit Application. The Borrower hereby assumes all risks of the acts or
omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not, preclude the
Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee
at Law or under any other agreement. None of the L/C Issuer, any Agent-Related Person, nor any of
the respective correspondents, participants or assignees of the L/C Issuer, shall be liable or
responsible for any of the matters described in clauses (i) through (v) of the above Section;
provided, however, that anything in such clauses to the contrary notwithstanding, the
Borrower may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrower,
to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary,
damages suffered by the Borrower which the Borrower proves were caused by the L/C Issuer’s willful
misconduct or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of
Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly
complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation
of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order,
without responsibility for further investigation, regardless of any notice or information to the
contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason.

     7. Cash Collateral. Upon the request of the Administrative Agent, (i) if the L/C
Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing
has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any
Letter of Credit may for any reason remain outstanding and partially or wholly undrawn, the
Borrower shall immediately Cash Collateralize the then outstanding amount of all L/C Obligations
(in an amount equal to such outstanding amount determined as of the date of such L/C Borrowing

EXHIBIT K, PAGE 4

 

 

or the Letter of Credit Expiration Date, as the case may be). For the purposes hereof
“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the L/C Issuer and the Lenders, as collateral for the L/C Obligations,
cash or deposit account balances pursuant to documentation in form and substance satisfactory to
the Administrative Agent and the L/C Issuer (which documents are hereby consented to by the
Lenders). Derivatives of such term shall have corresponding meaning. The Borrower hereby grants
the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, a security interest
in all such cash and deposit account balances and all proceeds of the foregoing. Cash collateral
shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America.

     8. Applicability of ISP98 and UCP. Unless otherwise expressly agreed by the L/C Issuer
and the Borrower when a Letter of Credit is issued, (i) the rules of the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice (or such later
version thereof as may be in effect at the time of issuance) shall apply to each standby Letter of
Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most
recently published by the International Chamber of Commerce (the “ICC”) at the time of issuance
(including the ICC decision published by the Commission on Banking Technique and Practice on April
6, 1998 regarding the European single currency (euro)) shall apply to each commercial Letter of
Credit.

     9. Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Pro Rata Share a Letter of Credit fee for each
Letter of Credit equal to: (a) one percent (1%) per annum of the stated amount of the Letter of
Credit and times the daily maximum amount available to be drawn under such Letter of
Credit (whether or not such maximum amount is then in effect under such Letter of Credit) for any
Letter of Credit in an amount greater than TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000); and (b)
two percent (2%) per annum per annum of the stated amount of the
Letter of Credit and times the daily maximum amount available to be drawn under such Letter of Credit (whether or not
such maximum amount is then in effect under such Letter of Credit) for any Letter of Credit in an
amount of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) or less. Such fee for each Letter of
Credit shall be due and payable on the date the Letter of Credit Application is delivered to the
L/C Issuer and on the same date of each successive year thereafter until the Letter of Credit
Expiration Date.

     10. Other Fees. The Borrower shall also pay directly to the L/C Issuer for its own
account the customary issuance, presentation, amendment and other processing fees, and other
standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time
in effect. Such customary fees and standard costs and charges are due and payable on demand and
are nonrefundable.

     11. Conflict with Letter of Credit Application. In the event of any conflict between
the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall
control.

     12. Limitation on Aggregate Obligation. At no time may the outstanding stated amount
of the Letters of Credit and advanced Loan Proceeds (the “Aggregate Obligation”) exceed
$55,000,000; provided, however, that Borrower may request an advance of Loan Proceeds that causes
the Aggregate Obligation to exceed $55,000,000 if no later than sixty (60) days prior to such
request, the Borrower Cash Collateralizes, as provided in Paragraph 7 above, in an amount equal to
the amount the Aggregate Obligation exceeds $55,000,000.

EXHIBIT K, PAGE 5

 

 

EXHIBIT “L”

ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (this “Assignment”) is dated as of the Effective Date
set forth below and is entered into by and between                     
(the “Assignor”) and                      (the
“Assignee”). Capitalized terms used but not defined herein shall have the meanings given
to them in the Construction Loan Agreement identified below (the “Loan Agreement”),
receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment as if set forth herein in full.

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Loan Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the
Assignor’s rights and obligations as a Lender under the Loan Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest
identified below of all of such outstanding rights and obligations of the Assignor under the
respective facilities identified below (including, without limitation Guarantees), and (ii) to the
extent permitted to be assigned under applicable Law, all claims, suits, causes of action and any
other right of the Assignor (in its capacity as a Lender) against any person, whether known or
unknown, arising under or in connection with the Loan Agreement, any other documents or instruments
delivered pursuant thereto or in any way based on or related to any of the foregoing, including,
but not limited to contract claims, tort claims, malpractice claims, statutory claims and all other
claims at Law or in equity, related to the rights and obligations sold and assigned pursuant to
clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii)
above being referred to herein collectively as the “Assigned Interest”). Such sale and
assignment is without recourse to the Assignor and, except as expressly provided in this
Assignment, without representation or warranty by the Assignor.

	 	 	 	 	 	 	 

	1.

	 	Assignor:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	2.

	 	Assignee:
	 	 	[, an Affiliate/Approved
	 

	 	 	 	 	 	 
	 

	 	 	 	Fund of                                         ]	 	 
	 
	 	 	 	 	 	 
	3.

	 	Borrower(s):	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	4.

	 	Administrative Agent:
	 	 	,	as the administrative
	 

	 	 	 	 	 	 
	 

	 	 	 	agent under the Loan Agreement	 	 
	 
	 	 	 	 	 	 
	5.	 	Loan Agreement:	 	The Construction Loan Agreement, dated as of                     , among
                                        , the Lenders parties thereto, [and] Bank of
America, N.A., as Administrative Agent[, and the other agents parties thereto]
	 
	 	 	 	 	 	 
	6.

	 	Assigned Interest:	 	 	 	 

	 	 	 	 	 
	Aggregate	 	 	 	 
	Amount of	 	Amount of	 	Percentage
	Commitment/Loans	 	Commitment/Loans	 	Assigned of
	for all Lenders	 	Assigned	 	Commitment/Loans
	$                    
	 	$                    
	 	                    %

Effective Date:                     , 20    [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE
DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The terms set forth in this Assignment are hereby agreed to:

EXHIBIT L, PAGE 1

 

 

	 	 	 	 	 	 	 	 	 

	 	 	ASSIGNOR:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	ASSIGNEE:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

EXHIBIT L, PAGE 2

 

 

[Consented to and] Accepted:

BANK OF AMERICA, N.A.,

as Administrative Agent

	 	 	 	 	 	 	 

	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	[Consented to:]
	 
	 	 	 	 	 	 
	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

EXHIBIT L, PAGE 3

 

 

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and to consummate the transactions
contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Loan Agreement or any other Loan
Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value
of the Loan Documents, or any collateral thereunder, (iii) the financial condition of the Borrower,
any of its Subsidiaries or Affiliates or any other person obligated in respect of any Loan Document
or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any
other person of any of their respective obligations under any Loan
Document.

     1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and to
consummate the transactions contemplated hereby and to become a Lender under the Loan Agreement,
(ii) it meets all requirements of an Eligible Assignee under the Loan Agreement (subject to receipt
of such consents as may be required under the Loan Agreement), (iii) from and after the Effective
Date, it shall be bound by the provisions of the Loan Agreement as a Lender thereunder and, to the
extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has
received a copy of the Loan Agreement, together with copies of the most recent financial statements
delivered pursuant to Section thereof, as applicable, and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision independently
and without reliance on the Administrative Agent or any other Lender to enter into this Assignment
and to purchase the Assigned Interest on the basis of which it has made such analysis and decision,
and (v) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by
it pursuant to the terms of the Loan Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the
Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

     1.3 Assignee’s Address for Notices, etc. Attached hereto as Schedule 1
is all contact information, address, account and other administrative information relating
to the Assignee.

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees
and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the
Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by
the Administrative Agent for periods prior to the Effective Date or with respect to the making of
this Assignment directly between themselves.

     3. General Provisions. This Assignment shall be binding upon, and inure to the benefit
of, the parties hereto and their respective successors and assigns. This Assignment may be
executed in any number of counterparts, which together shall constitute one instrument. Delivery
of an executed counterpart of a signature page of this Assignment by telecopy shall be effective as
delivery of a manually executed counterpart of this Assignment. This Assignment shall be governed
by, and construed in accordance with, the Law of the State of Florida.

EXHIBIT L, PAGE 4

 

SCHEDULE 1 TO ASSIGNMENT AND ASSUMPTION

ADMINISTRATIVE DETAILS

(Assignee to list names of credit contacts, addresses, phone and facsimile numbers, electronic mail addresses and

account and payment information)

	 	 	 	 	 	 	 	 	 

	(a)	 	LIBOR Lending Office:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Assignee name:	 	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Address:	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Attention:	 	 	 	 	 	 
	 	 	 	 	 	 
	 

	 	Telephone: (_)	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Facsimile: (_)	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	Electronic Mail:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	(b)	 	Domestic Lending Office:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Assignee name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Attention:	 	 	 	 	 	 
	 	 	 	 	 	 
	 

	 	Telephone: (_)	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Facsimile: (_)	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	Electronic Mail:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	(c)	 	Notice Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Assignee name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Attention:	 	 	 	 	 	 
	 	 	 	 	 	 
	 

	 	Telephone: (_)	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Facsimile: (_)	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	Electronic Mail:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	(d)	 	Payment Instructions:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Account No.	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Attention:	 	 	 	 	 	 
	 	 	 	 	 	 
	 

	 	Reference:	 	 	 	 	 	 
	 	 	 	 	 	 

EXHIBIT L,
PAGE 5

 

EXHIBIT “M”

FORM OF NOTE

PROMISSORY NOTE

	 	 	 	 	 

	 
	 	 	 	 
	$                    

	 	 
	 	April ___, 2010

     FOR VALUE RECEIVED, HF LOGISTICS-SKX T1, LLC, a Delaware limited liability company
(“Borrower”) hereby promises to pay to the order of
                                  , without offset, in immediately
available funds in lawful money of the United States of America, at the Lender’s office as
defined in the Loan Agreement (as such term is defined herein), the
principal sum of
                                   DOLLARS 

($                    )
(or the unpaid balance of all principal advanced against this Note, if that amount is less),
together with interest on the unpaid principal balance of this Note from day to day outstanding
as hereinafter provided.

     1. Note; Interest; Payment Schedule and Maturity Date. This Note is one of the Notes
referred to in that certain Construction Loan Agreement of even date herewith (the “Loan
Agreement”) among the Borrower, Bank of America, N.A., as Administrative Agent for itself as
a lender and for the others lenders that are from time to time a party to the Loan Agreement
(collectively, the “Lenders”), and the Lenders, and it is entitled to the benefits
thereof and subject to prepayment in whole or part as provided therein. The entire principal
balance of this Note then unpaid shall be due and payable at the times as set forth in the Loan
Agreement. Accrued unpaid interest shall be due and payable at the times and at the interest rate
as set forth in the Loan Agreement until all principal and accrued interest owing on this Note
shall have been fully paid and satisfied. Any amount not paid when due and payable hereunder
shall, to the extent permitted by applicable Law, bear interest and if applicable a late charge
as set forth in the Loan Agreement.

     2. Security; Loan Documents. The security for this Note includes a Construction
Deed of Trust, Assignments of Rents and Leases, Security Agreement and Fixture Filing of even
date herewith from Borrower to PRLAP, Inc., as Trustee for the benefit of Bank of America, N.A.,
a national banking association, as beneficiary in its capacity as administrative agent for the
Lenders (which, as it may have been or may be amended, restated, modified or supplemented from
time to time, is herein called the “Mortgage”), covering certain property in Moreno
Valley, County of Riverside, California described therein (the “Property”). This Note,
the Mortgage, the Loan Agreement and all other documents now or hereafter securing, guaranteeing
or executed in connection with the loan evidenced by this Note (the “Loan”), are, as the
same have been or may be amended, restated, modified or supplemented from time to time, herein
sometimes called individually a “Loan Document” and
together the “Loan Documents.”

     3. Defaults.

          (a) It shall be an event of default (“Event of Default”) under this Note and each of
the other Loan Documents if (i) any principal, interest or other amount of money due under this
Note is not paid in full when due, regardless of how such amount may have become due; or (ii)
there shall occur a Default under the Loan Agreement (as such term “Default” is defined in
the Loan Agreement) subject to any applicable notice and cure period contained therein. Upon the
occurrence of an Event of Default, Lender shall have the rights to declare the unpaid principal
balance and accrued but unpaid interest on this Note, and all other amounts due hereunder and
under the other Loan Documents, at once due and payable (and upon such declaration, the same shall
be at once due and payable), to foreclose any liens and security interests securing payment hereof
and to exercise any of its other rights, powers and remedies under this Note, under any other Loan
Document, or at law or in equity.

          (b) All of the rights, remedies, powers and privileges (together, “Rights”) of Lender
and Administrative Agent provided for in this Note and in any other Loan Document are cumulative
of each other and of any and all other Rights at law or in equity. The resort to any Right shall
not prevent the concurrent or subsequent employment of any other appropriate Right. No single or
partial exercise of any Right shall exhaust it, or preclude any other or further exercise thereof,
and every Right may be exercised at any time and from time to time. No failure by

EXHIBIT M, PAGE 1

 

Lender to exercise, nor delay in exercising any Right, including but not limited to the right to
accelerate the maturity of this Note, shall be construed as a waiver of any Event of Default or as
a waiver of any Right. Without limiting the generality of the foregoing provisions, the acceptance
by Lender from time to time of any payment under this Note which is past due or which is less than
the payment in full of all amounts due and payable at the time of such payment, shall not (i)
constitute a waiver of or impair or extinguish the right of Lender to accelerate the maturity of
this Note or to exercise any other Right at the time or at any subsequent time, or nullify any
prior exercise of any such Right, or (ii) constitute a waiver of the requirement of punctual
payment and performance or a novation in any respect.

          (c) If any holder of this Note retains an attorney in connection with any Event of Default or
at maturity or to collect, enforce or defend this Note or any other Loan Document in any lawsuit
or in any probate, reorganization, bankruptcy, arbitration or other proceeding, or if Borrower
sues any holder in connection with this Note or any other Loan Document and does not prevail, then
Borrower agrees to pay to each such holder, in addition to principal, interest and any other sums
owing to Lender hereunder and under the other Loan Documents, all costs and expenses incurred by
such holder in trying to collect this Note or in any such suit or proceeding, including, without
limitation, reasonable attorneys’ fees and expenses, investigation costs and all court costs,
whether or not suit is filed hereon, whether before or after the Maturity Date, or whether in
connection with bankruptcy, insolvency or appeal, or whether collection is made against Borrower
or any guarantor or endorser or any other person primarily or secondarily liable hereunder. Any
judgment on this Note shall bear interest at the highest rate allowed by applicable law.

     4. Commercial Purpose. Borrower warrants that the Loan is being made solely to finance
a portion of the cost to acquire or carry on a business or commercial enterprise, and/or Borrower
is a business or commercial organization. Borrower further warrants that all of the proceeds of
this Note shall be used for commercial purposes and stipulates that the Loan shall be construed for
all purposes as a commercial loan, and is made for other than personal, family, household or
agricultural purposes.

     5. Service of Process. Borrower hereby consents to process being served in any suit,
action, or proceeding instituted in connection with this Note by (a) the mailing of a copy thereof
by certified mail, postage prepaid, return receipt requested, to Borrower and (b) serving a copy
thereof upon the registered agent designated and appointed by Borrower as Borrower’s agent for
service of process. Borrower irrevocably agrees that such service
shall be deemed to be service of process upon Borrower in any such suit, action, or proceeding. Nothing in this Note shall affect
the right of Lender to serve process in any manner otherwise permitted by law and nothing in this
Note will limit the right of Lender otherwise to bring proceedings against Borrower in the courts
of any jurisdiction or jurisdictions

     6. Heirs, Successors and Assigns. The terms of this Note and of the other Loan
Documents shall bind and inure to the benefit of the heirs, devisees, representatives, successors
and assigns of the parties. The foregoing sentence shall not be construed to permit Borrower to
assign the Loan except as otherwise permitted under the Loan Documents. As further provided in the
Loan Agreement, Lender may, at any time, sell, transfer, or assign this Note, the Mortgage and the
other Loan Documents, and any or all servicing rights with respect thereto, or grant participations
therein or issue mortgage pass-through certificates or other securities evidencing a beneficial
interest in a rated or unrated public offering or private placement.

     7. General Provisions. Time is of the essence with respect to Borrower’s obligations
under this Note. If more than one person or entity executes this Note as Borrower, all of said
parties shall be jointly and severally liable for payment of the indebtedness evidenced hereby.
Borrower and all sureties, endorsers, guarantors and any other party now or hereafter liable for
the payment of this Note in whole or in part, hereby severally (a) waive demand, presentment for
payment, notice of dishonor and of nonpayment, protest, notice of protest, notice of intent to
accelerate, notice of acceleration and all other notices (except any notices which are specifically
required by this Note or any other Loan Document), filing of suit and diligence in collecting this
Note or enforcing any of the security herefor; (b) agree to any substitution, subordination,
exchange or release of any such security or the release of any party primarily or secondarily
liable hereon; (c) agree that Lender shall not be required first to institute suit or exhaust its
remedies hereon against Borrower or others liable or to become liable hereon or to perfect or
enforce its rights against them or any security herefor; (d) consent to any extensions or
postponements of time of payment of this Note for any period or periods of time and to any partial
payments, before or after maturity, and to any other indulgences with respect hereto, without
notice thereof to any of them; and (e) submit (and waive all rights to object) to non-exclusive
personal jurisdiction of any state or federal court sitting in the State of Florida, and venue in
the city or county in which payment is to be made as specified in the first paragraph on Page 1 of
this Note, for the enforcement of any and all

EXHIBIT M, PAGE 2

 

obligations under this Note and the Loan Documents; (f) waive the benefit of all homestead and
similar exemptions as to this Note; (g) agree that their liability under this Note shall not be
affected or impaired by any determination that any security interest or lien taken by Lender to
secure this Note is invalid or unperfected; and (h) hereby subordinate any and all rights against
Borrower and any of the security for the payment of this Note, whether by subrogation, agreement or
otherwise, until this Note is paid in full. A determination that any provision of this Note is
unenforceable or invalid shall not affect the enforceability or validity of any other provision and
the determination that the application of any provision of this Note to any person or circumstance
is illegal or unenforceable shall not affect the enforceability or validity of such provision as it
may apply to other persons or circumstances. This Note may not be amended except in a writing
specifically intended for such purpose and executed by the party against whom enforcement of the
amendment is sought. Lender is hereby authorized to disseminate any information it now has or
hereafter obtains pertaining to the Loan, including, without limitation, any security for this Note
and credit or other information on Borrower, any of its principals and any guarantor of this Note,
to any actual or prospective assignee or participant with respect to the Loan, to any of Lender’s
affiliates, including, without limitation, Banc of America Securities LLC, to any regulatory body
having jurisdiction over Lender, and to any other parties as necessary or appropriate in Lender’s
reasonable judgment, as further provided in the Loan Agreement. The term “Business Day” shall mean
a day on which Lender is open for the conduct of substantially all of its banking business at its
office in the city in which this Note is payable (excluding Saturdays and Sundays). Captions and
headings in this Note are for convenience only and shall be disregarded in construing it. THIS
NOTE, AND ITS VALIDITY, ENFORCEMENT AND INTERPRETATION, SHALL BE GOVERNED BY FLORIDA LAW (WITHOUT
REGARD TO ANY CONFLICT OF LAWS PRINCIPLES) AND APPLICABLE UNITED STATES FEDERAL LAW.

     8. No Usury. It is expressly stipulated and agreed to be the intent of Borrower and
Lender at all times to comply with applicable state law or applicable United States federal law (to
the extent that it permits Lender to contract for, charge, take, reserve, or receive a greater
amount of interest than under state law) and that this Section shall control every other covenant
and agreement in this Note and the other Loan Documents. If applicable state or federal law should
at any time be judicially interpreted so as to render usurious any amount called for under this
Note or under any of the other Loan Documents, or contracted for, charged, taken, reserved, or
received with respect to the Loan, or if Lender’s exercise of the option to accelerate the Maturity
Date, or if any prepayment by Borrower results in Borrower having paid any interest in excess of
that permitted by applicable law, then it is Lender’s express intent that all excess amounts
theretofore collected by Lender shall be credited on the principal balance of this Note and all
other indebtedness and the provisions of this Note and the other Loan Documents shall immediately
be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, without
the necessity of the execution of any new documents, so as to comply with the applicable law, but
so as to permit the recovery of the fullest amount otherwise called for hereunder or thereunder.
All sums paid or agreed to be paid to Lender for the use, forbearance, or detention of the Loan
shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread
throughout the full stated term of the Loan until payment in full so that the rate or amount of
interest on account of the Loan does not exceed the maximum lawful rate from time to time in effect
and applicable to the Loan (the “Maximum Rate”) for so long as the Loan is outstanding. The Lender
may, in determining the Maximum Rate, take advantage of: (i) the rate of interest permitted by
Florida Statutes, Chapter 658, by reason of both Section 687.12 Florida Statutes (“Interest rates;
parity among licensed lenders or creditors”) and 12 United States Code, Sections 85 and 86, and
(ii) any other law, rule, or regulation in effect from time to time, available to Lender which
exempts Lender from any limit upon the rate of interest it may charge or grants to Lender the right
to charge a higher rate of interest than that allowed by Florida Statutes, Chapter 687.

     9. Notices. Any notice, request, or demand to or upon Borrower or Lender shall be
deemed to have been properly given or made when delivered in
accordance with the Loan Agreement.

     10. Dispute Resolution.

          (a) Arbitration. Except to the extent expressly provided below, any Dispute (as
defined below) shall, upon the request of either party, be determined by binding arbitration in
accordance with the Federal Arbitration Act, Title 9, United States Code (or if not applicable,
the applicable state law), the then-current rules for arbitration of financial services disputes
of the American Arbitration Association, or any successor thereof (“AAA”) and the
“Special Rules” set forth below. “Dispute” means any controversy, claim or dispute
between or among the parties to this Note, including any controversy, claim or dispute arising out
of or relating to (a) this Note, (b) any other Loan Documents, (c) any related agreements or
instruments, or (d) the transaction contemplated herein or

EXHIBIT M, PAGE 3

 

therein (including any claim based on or arising from an alleged personal injury or business tort).
In the event of any inconsistency, the Special Rules shall control. The filing of a court action is
not intended to constitute a waiver of the right of Borrower or Lender, including the suing party,
thereafter to require submittal of the Dispute to arbitration. Any party to this Note may bring an
action, including a summary or expedited proceeding, to compel arbitration of any Dispute in any
court having jurisdiction over such action. For the purposes of this Dispute Resolution Section
only, the terms “party” and “parties” shall include any parent corporation, subsidiary or affiliate
of Lender involved in the servicing, management or administration of any obligation described in or
evidenced by this Note, together with the officers, employees, successors and assigns of each of
the foregoing.

          (b) Special Rules.

               (i) The arbitration shall be conducted in any U.S. state where real or tangible personal property
collateral is located, or if there is no such collateral, in the City and County where Lender is
located pursuant to its address for notice purposes in this Note.

               (ii) The arbitration shall be administered by AAA, who will appoint an arbitrator. If AAA is
unwilling or unable to administer or legally precluded from administering the arbitration, or if
AAA is unwilling or unable to enforce or legally precluded from enforcing any and all provisions of
this Dispute Resolution Section, then any party to this Note may substitute another arbitration
organization that has similar procedures to AAA and that will observe and enforce any and all
provisions of this Dispute Resolution Section. All Disputes shall be determined by one arbitrator;
however, if the amount in controversy in a Dispute exceeds Five Million Dollars ($5,000,000), upon
the request of any party, the Dispute shall be decided by three arbitrators (for purposes of this
Note, referred to collectively as the “arbitrator”).

               (iii) All arbitration hearings will be commenced within ninety (90) days of the demand for
arbitration and completed within ninety (90) days from the date of commencement; provided, however,
that upon a showing of good cause, the arbitrator shall be permitted to extend the commencement of
such hearing for up to an additional sixty (60) days.

               (iv) The judgment and the award, if any, of the arbitrator shall be issued within thirty
(30) days of the close of the hearing. The arbitrator shall provide a concise written statement
setting forth the reasons for the judgment and for the award, if any. The arbitration award, if
any, may be submitted to any court having jurisdiction to be confirmed and enforced, and such
confirmation and enforcement shall not be subject to arbitration.

               (v) The arbitrator will give effect to statutes of limitations and any waivers thereof in
determining the disposition of any Dispute and may dismiss one or more claims in the arbitration on
the basis that such claim or claims is or are barred. For purposes of the application of the
statute of limitations, the service on AAA under applicable AAA rules of a notice of Dispute is the
equivalent of the filing of a lawsuit.

               (vi) Any dispute concerning this arbitration provision, including any such dispute as to
the validity or enforceability of this provision, or whether a Dispute is arbitrable, shall be
determined by the arbitrator; provided, however, that the arbitrator shall not be permitted to vary
the express provisions of these Special Rules or the Reservations of Rights in subsection (c)
below.

               (vii) The arbitrator shall have the power to award legal fees and costs pursuant to the
terms of this Note.

               (viii) The arbitration will take place on an individual basis without reference to,
resort to, or consideration of any form of class or class action.

          (c) Reservations of Rights. Nothing in this Note shall be deemed to (i) limit the
applicability of any otherwise applicable statutes of limitation and any waivers contained in this
Note, or (ii) apply to or limit the right of Lender (A) to exercise self help remedies such as (but
not limited to) setoff, or (B) to foreclose judicially or nonjudicially against any real or
personal property collateral, or to exercise judicial or nonjudicial power of sale

EXHIBIT M, PAGE 4

 

rights, (C) to obtain from a court provisional or ancillary remedies such as (but not limited to)
injunctive relief, writ of possession, prejudgment attachment, or the appointment of a receiver, or
(D) to pursue rights against a party to this Note in a third-party proceeding in any action brought
against Lender in a state, federal or international court, tribunal or hearing body (including
actions in specialty courts, such as bankruptcy and patent courts). Lender may exercise the rights
set forth in clauses (A) through (D), inclusive, before, during or after the pendency of any
arbitration proceeding brought pursuant to this Note. Neither the exercise of self help remedies
nor the institution or maintenance of an action for foreclosure or provisional or ancillary
remedies shall constitute a waiver of the right of any party, including the claimant in any such
action, to arbitrate the merits of the Dispute occasioning resort to such remedies. No provision in
the Loan Documents regarding submission to jurisdiction and/or venue in any court is intended or
shall be construed to be in derogation of the provisions in any Loan Document for arbitration of
any Dispute.

          (d) Conflicting Provisions for Dispute Resolution. If there is any conflict between
the terms, conditions and provisions of this Section and those of any other provision or agreement
for arbitration or dispute resolution, the terms, conditions and provisions of this Section shall
prevail as to any Dispute arising out of or relating to (i) this Note, (ii) any other Loan
Document, (iii) any related agreements or instruments, or (iv) the transaction contemplated herein
or therein (including any claim based on or arising from an alleged personal injury or business
tort). In any other situation, if the resolution of a given Dispute is specifically governed by
another provision or agreement for arbitration or dispute resolution, the other provision or
agreement shall prevail with respect to said Dispute.

          (e) Jury Trial Waiver in Arbitration. By agreeing to this Section, the parties
irrevocably and voluntarily waive any right they may have to a trial by jury in respect of any
Dispute.

     11. WAIVER OF JURY TRIAL. WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’
AGREEMENT TO ARBITRATE ANY “DISPUTE” (FOR PURPOSES OF THIS SECTION, AS DEFINED ABOVE) AS SET FORTH
IN THIS NOTE, TO THE EXTENT ANY “DISPUTE” IS NOT SUBMITTED TO ARBITRATION OR IS DEEMED BY THE
ARBITRATOR OR BY ANY COURT WITH JURISDICTION TO BE NOT ARBITRABLE OR NOT REQUIRED TO BE
ARBITRATED, BORROWER AND LENDER WAIVE TRIAL BY JURY IN RESPECT OF ANY SUCH “DISPUTE” AND ANY
ACTION ON SUCH “DISPUTE.” THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY BORROWER AND
LENDER, AND BORROWER AND LENDER HEREBY REPRESENT THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE
BEEN MADE BY ANY PERSON OR ENTITY TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY
OR NULLIFY ITS EFFECT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THE
LOAN DOCUMENTS. BORROWER AND LENDER ARE EACH HEREBY AUTHORIZED TO FILE A COPY OF THIS SECTION IN
ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER OF JURY TRIAL. BORROWER FURTHER REPRESENTS
AND WARRANTS THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS NOTE AND IN THE MAKING OF THIS
WAIVER BY INDEPENDENT LEGAL COUNSEL, OR HAS HAD THE OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT
LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS
WAIVER WITH COUNSEL.

     THE LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

     THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.

[THE BALANCE OF THIS PAGE IS LEFT INTENTIONALLY BLANK]

EXHIBIT M, PAGE 5

 

     IN WITNESS WHEREOF, Borrower has duly made and executed this Note under seal as of the date
first above written.

	 	 	 	 

	 

	 	BORROWER:	 
	 
	 	 
	 

	 	HF LOGISTICS-SKX T1, LLC,

a Delaware limited liability company
	 
	 	 
	 

	 	By: HF Logistics-SKX, LLC, a Delaware limited

liability company, its sole member
	 
	 	 
	 

	 	By: HF Logistics I, LLC, a Delaware limited

liability company, its managing member

	 	 	 	 	 
	 	 	[FORM OF NOTE]	 
	 	 	 
	 	By:  	
 	 
	 	 	Iddo Benzeevi, President and  	 
	 	 	Chief Executive Officer 	 
	 

EXHIBIT M, PAGE 6

 

EXHIBIT “N”

SCHEDULE OF LENDERS AND OTHER PARTIES

BANK OF AMERICA, N.A., as Administrative Agent:

Notices:

Bank of America, N.A.

One Alhambra Plaza, Penthouse

Coral Gables, Florida 33134

			
	Attn:	 	Commercial Loan Administration

Telephone: (305) 468-4347

Facsimile: (305) 468-4364

Electronic Mail: althea.v.lyn-sue@baml.com

Payment Instructions:

Bank of America, N.A.

Atlanta, Georgia

ABA No.: 0260-0959-3

Account No.: GL 1366211723000

Attention: Nicole Rice

Reference: HF Logistics-SKX T1

BANK OF AMERICA, N.A., as Lender:

	 	 	 

	Domestic and LIBOR Lending Office:

	 	Commitment Amount: $27,500,000.00
	 
	 	 
	 

	 	Pro Rata Share: 50%

Bank of America, N.A.

One Alhambra Plaza, Penthouse

Coral Gables, Florida 33134

			
	Attn:	 	Commercial Loan Administration

Telephone: (305) 468-4347

Facsimile: (305) 468-4364

Electronic Mail:
althea.v.lyn-sue@baml.com

Notices:

Bank of America, N.A.

One Alhambra Plaza, Penthouse

Coral Gables, Florida 33134

			
	Attn:	 	Commercial Loan Administration

Telephone: (305) 468-4347

Facsimile: (305) 468-4364

Electronic Mail: althea.v.lyn-sue@baml.com

EXHIBIT N, PAGE 1

 

Payment Instructions:

Bank of America, N.A.

Atlanta, Georgia

ABA No.: 0260-0959-3

Account No.: GL 1366211723000

Attention: Nicole Rice

Reference: HF Logistics-SKX T1

RAYMOND JAMES BANK, FSB

	 	 	 

	Domestic and LIBOR Lending Office:

	 	Commitment Amount: $27,500,000.00
	 
	 	 
	 

	 	Pro Rata Share: 50%

Raymond James Bank, FSB

Loan Ops/CML

710 Carillon Parkway

St. Petersburg, Florida 33176

			
	Attn:	 	       
         
        
         
         
        
        
        
        
        
              

        
        
       
         
         
          
          
           
       
           
       

Telephone:         
          
        
      
        
        
        
         
          
  

Facsimile: (866) 597-4002

Electronic Mail: mary.farrell@raymondjames.com

Notices:

Raymond James Bank, FSB

Loan Ops/CML

710 Carillon Parkway

St. Petersburg, Florida 33176

			
	Attn:	 	       
         
        
         
         
        
        
        
        
        
              

        
        
       
         
         
          
          
           
       
           
       

Telephone:         
          
        
        
        
        
      
          
          
  

Facsimile: (866) 597-4002

Electronic Mail: mary.farrell@raymondjames.com

Payment Instructions:

Federal Home Loan Bank of Atlanta

ABA No.: 0610-0876-6

Account No.: 3574100 Raymond James Bank

Attention: Loan Ops/CML

Reference: HF Logistics-SKX T1, LLC

EXHIBIT N, PAGE 2exv10w3

Exhibit 10.3

Agreement for the availability of space for the storage of goods and offices

for the management of this

The undersigned:

ProLogis Belgium III sprl, with offices in Park Hill, Building A, 3rd
Floor,
Jan Emiel Mommaertslaan 18, B-1831 Diegem, registered with the RPR under number 0472.435.629,
hereby represented by Mr. Gerrit Jan Meerkerk,

hereinafter
referred to as ‘ProLogis’,

and

Skechers EDC sprl, with its registered office in 4041 Milmort, 159 Parc Industriel Hauts-Sarts,
Zone 3, avenue du Parc Industriel, registered with the RPR under number 0478.543.758,
hereby represented by David Weinberg,

hereinafter
referred to as ‘Skechers’,

     HAVE AGREED THE FOLLOWING:

     1 Subject of the Agreement

ProLogis shall make space available (“terbeschikkingstelling/mise à disposition”) to Skechers,
which accepts, for the storage of goods and offices for the management thereof, the following real
estate: ProLogis Park Liège Distribution Center II, as referred to in Article 2 as the Premises,
which will be erected on the parcel of industrial land located in the Industrial Park Hauts-Sarts,
Zone 3, Milmort, Liège, Avenue du Parc Industriel, recorded in the land register according to title
as 6th division, section A, part of numbers 621b, 620 and 617, 7th division,
section A, part of numbers 450t and 450y (the “Site”).

ProLogis will erect a building on the Site with a total surface area of 22,945 m 2
(hereinafter the ‘Premises’), subdivided as follows:

	 	-	 	21,275 m 2 warehouse space (hereinafter the ‘Warehouse’);
	 
	 	-	 	1,320 m 2 mezzanine space (hereinafter the ‘Mezzanine’);
	 
	 	-	 	350 m 2 office space (hereinafter the ‘Office Space’) on mezzanine.

In addition, ProLogis will develop approximately 118 car parking places on the Premises. Upon
consultation with ProLogis, Skechers can change or expand the parking places, subject to not
jeopardising the traffic flow on the Site. In case of multi-tenancy on the Site, a division by
ratio of the parking places will take place.

The Situation plan for the Premises has been appended to this Agreement as Appendix 1 and
may be modified subject to the mutual written consent by the parties and as far as possible within
the obtained building permit. ProLogis has prepared on a building permit application for the
Premises. The permit application has been appended to this Agreement as Appendix 2. The
CUSTOMER has reviewed the permit application and declares that it is entirely satisfactory. The
obligation of ProLogis to make space available is subject to the delivery of a final building
permit for the Premises based upon the building permit application attached as Appendix 2.

Parties waive all their rights in case of difference between the actual total measure(s) of the
made available space and the above mentioned measure(s).

2 The Intended Use of the Premises

The Premises will be erected by ProLogis with a view to the industrial purposes of Skechers, i.e. a
distribution and added value logistics center and any supporting or related activities. The
Warehouse may be used solely and exclusively as a space for the storage, transshipment, reparation,
transportation, handling and distribution of goods. If an operating or environmental permit or
notification is required for the activities of Skechers, Skechers shall be responsible, at its sole
risk and expense, for the request and obtainment thereof, as well as for any renewal or extension
during the term of this Agreement. Skechers shall bear all costs relating thereto and shall
strictly adhere to all conditions imposed by such permit or notification.

In the conduct of its activities, Skechers shall at all times comply with all applicable
legislation and regulations. Skechers shall fully indemnify and hold harmless ProLogis for any
losses and damages suffered by ProLogis as a result of a breach by Skechers of any law, regulation
or permit condition.

 

 

The Office Space may be used solely and exclusively for administrative and/or showroom activities,
with the exception of any activity as a result of which the Agreement would fall within the scope
of the Law of April 30, 1951. The car parking spaces may be used solely and exclusively for the
parking of the cars of Skechers and its contacts.

All other activities and/or adjustments in the Premises may only take place subject to prior
written permission by ProLogis, which will not withhold its permission without any justified
reasons.

ProLogis undertakes to furnish the Premises in such a manner and Skechers undertakes to use the
Premises in such a manner that each payment under the current Agreement will at any time be subject
to VAT (Belgian VAT) within the meaning of Article 44, §3 2o (a), second point, of the VAT Code.

In the event that, due to a use of the Premises during the term of this Agreement which is not in
conformity with the terms of this Agreement, the payments under the current Agreement are no longer
subject to VAT, either in part or in their entirety, Skechers will compensate ProLogis for any loss
suffered by the latter as a result, including the loss which ProLogis may suffer by being unable to
recoup the VAT already paid by it.

Skechers is not authorized to alter this use without prior written permission by ProLogis, which
will not withhold its permission without any justified reasons.

It is explicitly agreed that any use of the Premises or the Site for any work or activity covered
by the legislation regarding commercial leases (The Law dated April 30, 1951 as amended) is
strictly prohibited.

Skechers may not use the Premises as residential accommodation nor may it keep any living animals
there.

Skechers may not carry out any activities in the Premises, nor install any objects or equipment
which would subject the floor to excessive loads or exert an extreme pressure on the structure of
the Premises.

Within this context, it must be stated that the maximum floor load permitted in the Warehouse is
5,000 kg per m 2 of the floor area, on the Mezzanine floor in the Warehouse 400 kg per m
2 of the floor area and in the Office Space 400 kg per m 2 of the floor area.

Skechers is not entitled, for whatever reason, to conduct public sales in the Premises.

Skechers is obliged to obtain all required permits from the competent authorities at its own cost
and risk enabling a proper operation in the Premises.

3 Price and Deposit

The Agreement for the availability of the Premises is entered into on the basis of an annual price
(price level July 1, 2007) of nine hundred ninety-one thousand nine hundred and seventy-one Euro
and fifty-five Eurocent, i.e. €991,971.55, (+VAT : two hundred and eight thousand three hundred and
fourteen Euro and three Eurocent i.e. € 208,314,03, hereinafter referred to as the ‘Price’, payable
per quarter and in advance in four (4) equal parts of two hundred and forty-seven thousand nine
hundred and ninety-two Euro eighty-nine Eurocent, i.e. € 247,992.89, (+VAT : fity-two thousand and
seventy-eight Euro fity-one Eurocent i.e. € 52,078.51), to be made by direct bank transfer to the
bank account of ProLogis.

As stipulated in Article 5, this Agreement is to take effect on April 1, 2009. The first
period over which payment is due will therefore be the period from April 1, 2009 up to and
including June 30, 2009, which is due as from April 1, 2009.

In the event that the Premises are completed after April 1, 2009 the provisions relating to the
payment of the Price as stipulated in the preceding paragraph shall be suspended until the
effective date of completion.

The Price must be paid in Euro and is payable to ProLogis Belgium III sprl, account
number: 720540646989 (ABN Amro Bank in Brussels).

If Skechers, either in part or in its entirety, is in default with the payment of the
above-mentioned quarterly payments of the Price on the aforementioned dates when the payments are
due, Skechers must pay ProLogis, by operation of law (“ipso iure”) and without notice of default,
the interest due over that sum amounting to twelve percent (12%) per annum, whereby any month that
has commenced must be regarded as completed.

When the Price in accordance with Article 4 is modified, the amount of the bank guarantee, as
referred to in Article 25, will have to be adjusted in line with the annual adjustment of the Price
payments every year. This bank guarantee may only be released six (6) months after the termination
of the Agreement, provided that Skechers have been released properly of the obligations resulting
from this Agreement. Under no circumstance, shall the bank guarantee be used by Skechers to pay the
Price. However, in the event of breach of Agreement on the part of
Skechers, ProLogis may use the aforementioned deposit to compensate for Skechers’ overdue payments
and any other omissions in the performance of its obligations by Skechers.

 

 

4 Price Modifications

Unless otherwise provided by law, it is determined that the Price, as stipulated in Article 3, will
be linked to the consumer price index (“health index)” as published each month in the Belgian State
Gazette.

The basic index is that of the month prior to the signature of this Agreement, i.e. the month March
2008.

The Price will be reviewed annually on the date of the entry into force of this Agreement,
automatically and by operation of law, in accordance with the increase of the aforementioned index
according to the formula as defined below, whereby the month used for the new index will be the
month prior to the relevant anniversary of the date of the entry into force:

	 	 	 	 	 

	new Price =

	 	Price x new index
 

basic index
	 	 

However, the new Price will at no time be lower than the Price as stipulated above.

Skechers will implement the modifications to the Price subject to a one-month notification to that
effect by ProLogis.

In the event that the publication of the ‘consumer price index’ (health index) should be
discontinued, the parties will agree to replace this by the new index published by the Belgian
government.

In the event that no new official index is published, the parties, if they fail to come to an
agreement, will submit the problem to a tribunal of three arbitrators. Each party will appoint its
own arbitrator within one month of being requested to do so by the other party and the two
arbitrators will jointly appoint a third arbitrator.

If one of the parties fails to duly appoint its arbitrator or if the two arbitrators fail to
appoint a third arbitrator, the missing arbitrator will be appointed, at the request of either
party, by the Justice of the Peace in whose jurisdiction the Premises are located.

It is explicitly agreed that ProLogis shall only waiver the right to increase the Price arising
from this article by a written confirmation, signed by ProLogis.

5 Commencement and Duration of the Agreement

Subject to the timely delivery of the building permit for the Premises and the provisions below and
all obligations resulting therefrom, the availability of the Premises commences in principle on 1
April 2009, to which is referred to as the ‘Commencement Date’, unless parties confirm otherwise in
writing, for a duration of twenty (20) consecutive years and ends by operation of law on March 31,
2029 or twenty (20) consecutive years after the Commencement Date (if the
availability of the Premises starts later than 1 April 2009 and insofar as mutually agreed upon in
writing by the Parties).

Skechers is only entitled to terminate the Agreement after five (5), ten (10) and fifteen (15)
years after the Commencement Date, being April 1, 2009 or the date as agreed upon between parties
in writing as set forth in the preceding paragraph, subject to a notice period of twelve (12)
months. without any compensation to ProLogis nor VAT adjustment to be paid, except as set forth in
article 2 of this Agreement.

Notice needs to be given twelve (12) months prior to the fifth, tenth and fifteenth anniversary of
this Agreement by bailliff’s writ or by registered letter. Notices hereunder shall be deemed given
and effective (i) if delivered by a bailiff, upon delivery, or (ii) if sent by certified or
registered mail, within five (5) days of deposit in the post office.

This Agreement will however in any case end by operation of law on the later of the following dates
: March 31, 2029 or the twentieth anniversary of the Commencement Date as agreed upon in writing by
the Parties as set forth in this Article . After the latter of these dates , this Agreement can not
be tacitly renewed.

 

 

6 Building Schedule and Specifications

ProLogis undertakes to complete Warehouse DC II and belonging Customer Fit Out as at April 1, 2009,
in accordance with the plans and specifications attached in Appendix 3, insofar the
building permit for the Premises is granted ultimately on August 1, 2008.

ProLogis may, in consultation with Skechers carry out variations or substitute alternative
materials of a similar colour and to no less a quality or performance criteria within the relevant
Belgian Standards (i) so long as it does not materially alter the design, layout and nature of the
Warehouse DC II, or (ii) if the changes are to comply with planning or statutory requirements.
Skechers will be permitted, after written approval of ProLogis to make minor variations to the
specifications or the fitting out works attached in Appendix 3. ProLogis will provide an
estimated cost for the amendments and once agreed, ProLogis will instruct the contractor to proceed
with those amendments.

ProLogis and Skechers agree that the minutes of the construction meetings will be given only for
the convenience of attendees present and/or absent. No rights, obligations, amendments or decisions
are to be concluded from these notes.

ProLogis also undertakes as far as possible to integrate Customer Fit Out (i.e. racking, cabling,
telephone and other systems or equipment) in the construction schedule. The installation of the
Customer Fit Out will be for the account and risk of Skechers. The Warehouse shall be available one
month before Commencement Date for Customer Fit Out. Best effort will be made by ProLogis to make
it available two months before Commencement Date.

The Customer Fit Out should never cause any delay or hindrance of the building activities of
ProLogis. During the construction works best efforts will be used to minimise hindrance to the
activity in and the use of DC I by Skechers, it being understood that Skechers will not be entitled
to claim damages for any remaining hindrance during the works.

With due observance of the aforementioned conditions, the date of completion of the Warehouse,
including Customer Fit Out, is expected to be April 1, 2009.

The date of completion will be postponed in case (i) the Agreement is not signed ultimately May 20,
2008, (ii) the building permit application attached in Appendix 2 can not be filed on April
16, 2008, or (iii) the building permit has not been delivered as at August 1, 2008 or is being
successfully suspended and/or challenged afterwards.

7 Transfer of the Availability Agreement and leasing

Skechers may lease the Premises (wholly or partially) and/or transfer its rights (wholly or
partially) subject to prior written permission by ProLogis. Such a permission shall not
unreasonably be withheld by ProLogis to Skechers’ request for permission to sublease all or part of
the Premises insofar the articles of this Agreement are complied with.

It shall be reasonable for ProLogis to withhold its consent for a transfer in any of the following
instances:

(i) the identity or business reputation of the candidate will, in the good faith judgment of
ProLogis, tend to damage the goodwill or reputation of the Premises;

(ii) the creditworthiness of the candidate is unsatisfactory to the fair judgment of ProLogis;

(iii) the transfer to another customer of ProLogis on the Site is at a rate, which is below the
rate charged by ProLogis for comparable space on the Site.

(iv) the terms and conditions of the transfer agreement are not the same as the terms and
conditions of this Agreement.

(v) the term of the transfer agreement will exceed the remaining term of this Agreement. The
transfer is not subjected to VAT during its’ entire course.

Even if transfer is permitted through the above or by way of consent of ProLogis, Skechers is not
allowed to market the Premises for a price lower than the Price under this agreement.

Any approved transfer shall be expressly subject to the terms and conditions of this Agreement.

Skechers shall provide to ProLogis all information concerning the candidate as ProLogis may
request.

In the event of (sub-)lease, Skechers will at any rate continue to be jointly and severally
responsible and liable toward ProLogis, together with the lessee, for all obligations resulting
from this Agreement, and in particular for any additional costs which would result from such
letting.

In the event that Skechers transfers its rights as referred to in this Agreement and before the
bank guarantee provided by Skechers may be released, the assignee must, in turn, provide ProLogis
with a bank guarantee equivalent to a rent period of six (6) months based on the Price (including
VAT), applicable at that time, increased, in applicable, with an advance of the service charges of
six months, (including VAT).

If ProLogis is of the opinion that the assignee or lessee provides insufficient financial
guarantees, ProLogis may make its consent to the transfer of the rights or to the letting by
Skechers dependent on the integral maintenance of the bank guarantee provided or to be provided by
Skechers together with the bank guarantee of the assignee or lessee equal to six months’ Price at
that time (including VAT, increased with an advance of the Service Charges of six months (including
VAT).

 

 

8 Charges, Taxes and Compensation

All relevant charges or taxes relating to the Premises, including the advance levy in respect of
real estate tax, VAT, the occupation or the activity carried out by Skechers in them, whether they
are imposed by the State, the Province, the Municipality, the Federation of Municipalities, the
Urban Area or any other authority will solely and exclusively be for the account of Skechers.

Skechers will compensate ProLogis for any loss which ProLogis may suffer as a result of any overdue
payments of the aforementioned taxes and compensation, provided, in case ProLogis receives the
payment request from the relevant authority, it informs Skechers as soon as reasonably possible of
any such tax or levy being due.

Skechers will bear all costs relating to the use of water, gas, electricity, telephone, telex, etc.
or relating to any other services and utilities of the Premises.

It will also pay any charges by the utility companies for measurement appliances, systems, wiring,
pipes, mains, etc.

Skechers may not claim any compensation from ProLogis in case of a discontinuance or interruption,
irrespective of the duration of such a discontinuance or interruption of the water supply, gas and
electricity, telephone, telex, etc., or of any other services and provisions such as heating,
airing, etc. related to the Premises, whatever the reason, unless such a discontinuance or
interruption may be ascribed to failure on the part of ProLogis to take all reasonable measures to
ensure the continuation of such provisions and services.

9 Services

Skechers will take care of all the services, supplies and site maintenance of the Premises
according the specifications provided by ProLogis at Skechers’ own costs, attached to this
Agreement as Appendix 4.

Skechers undertakes for the full term of this Agreement, as a bonus pater familias and in
accordance with the requirements of good management, to conclude all agreements which, in Skechers’
opinion are required, for the services. Skechers shall inform ProLogis of the conclusion of these
agreements. Skechers shall, with the exclusion of ProLogis, be responsible for the due execution of
such agreements. Skechers shall fully indemnify and hold harmless ProLogis for all damages or
claims which could result from agreements for services concluded by Skechers.

ProLogis has the right to inspect and review the Premises. If Skechers does not perform the
services properly, ProLogis will notify Skechers in writing to comply within thirty (30) calendar
days. If Skechers fails to comply therewith, ProLogis is entitled to take over all supply, services
and maintenance of the Premises. Skechers will be invoiced accordingly.

10 Insurance

ProLogis undertakes to take out an insurance for the Premises (covering fire and water damage,
civil liability as well as all windows in the premises); as of the notification by Skechers to
ProLogis that Skechers has made the required agreements for the services pursuant to Article 9,
this insurance shall be taken out by ProLogis but the insurance premiums in relation thereto shall
be charged to Skechers.

Skechers undertakes to insure its personal assets and company equipment which are in the Premises
against fire hazards and related risks, loss due to electrical faults, storm damage, water damage
and Civil Liability, and to take out any other insurance required on account of the Skechers
activities.

At the first request of ProLogis, Skechers will allow inspection of the policies.

The insurance taken by Skechers shall include a clause in which the insurers undertake to notify
ProLogis at least fifteen (15) days beforehand by registered mail of any cancellation or
termination of the insurance policy.

ProLogis and Skechers, as well as their insurers, mutually waive any right of recourse they might
have on the basis of the respective policies taken out toward one another, toward any sublessees
and toward any person admitted to the Premises.

Skechers also waives any recourse which it might be entitled to exercise pursuant to Articles 1721
and 1386 of the Belgian Civil Code. Skechers undertakes to impose these obligations to any lessees
and/or occupants.

If Skechers increases the risk in such a way that this will lead to an increase of the insurance
premium, it alone shall pay the increased premium arising from it in relation to the insurance of
the Premises.

11 Advertising Signs

If Skechers wishes to fix any advertising signs, it shall only do so at the places assigned for
that purpose by ProLogis on and around the Premises and it must submit a design of this to ProLogis
and have its written permission (which shall not be unreasonably withheld), whereby the permission
by ProLogis does not affect the obligation on the part of CUSTOMER to acquire the necessary
permissions and permits for the proposed advertising signs from the competent authorities.

Drilling in face brick and blue limestone is strictly prohibited.

 

 

12 The State of the Premises at the Commencement of the Agreement

Before Skechers commences its occupation of the Premises, a “State-of-Delivery” report will be
agreed upon by the parties describing the current status of the Premises as well as the way the
Premises should be delivered at the end of the Agreement period or any other agreed termination
date of the Agreement, including a list of improvements that do and do not need to be reinstated by
Skechers, subject to the provisions in Article 14. Any improvements by Skechers are to be
maintained by Skechers and are not an integral part of the Premises. This “State-of-Delivery”
report will be signed by Skechers and ProLogis on the official delivery date of the Premises,
tentatively scheduled on April 1, 2009, and will be attached to this Agreement as Appendix
5.

13 Maintenance of the Premises

A. During the entire duration of the Agreement, Skechers will have to maintain the Premises well
and it will carry out any necessary repairs and work for its own account as well as to ensure
compliance with any new legislation or regulation.

It will use and maintain the Premises with due care.

It will, inter alia, take care of all the maintenance work and repairs mentioned in articles 1754
a.f. of the Belgian Civil Code, with the exception of the work referred to in Article 14.

Apart from the obligations on the part of Skechers arising from the general regulations of the
Belgian Civil Code, Skechers will, inter alia, be responsible for the following (without prejudice
to the non-restrictive nature of this enumeration):

	 	-	 	to maintain, repair and renew the interior paintwork and the interior
	 
	 	-	 	decoration of the Premises.
	 
	 	-	 	to maintain, repair and, if necessary, to replace the sanitary fittings,
	 
	 	-	 	the water faucets and any equivalent appliances and fittings.
	 
	 	-	 	to properly maintain the water pipes, the water outlets and sewer pipes,
	 
	 	-	 	emptying grease traps and protect them against frost and, if necessary,
	 
	 	-	 	to unblock them.
	 
	 	-	 	to repair any damage which is not directly the result of age or a
	 
	 	-	 	defective condition and, if necessary, to replace them.
	 
	 	-	 	to repair and, if necessary, to replace the wall pannelling, floors, all
locks and electrical equipment. 

to replace any broken windows, whatever the reason thereof (the costs
hereof shall, however, be covered by the insurance referred to in the
first paragraph of Article 10). 

to maintain the heating and ventilation system and to repair any damage
which is not directly the result of age or a defective condition. 

to clean the ventilation ducts and to have the chimneys swept. 

to be responsible for maintaining the paving of the grounds forming part
of the Premises and keeping it at its original level. 

To insure and properly maintain the roof of the Premises.

Skechers undertakes to submit to ProLogis the annual statement regarding the maintenance of the
heating and the ESFR Sprinkler system, as well as the annual statement of the sweeping of the
chimneys by an approved chimney sweeper.

To keep the certificate of the sprinkler system valid, Skechers shall at least every two weeks
start up the engine of the sprinkler pumps. The results of this test must be added to the logbook
belonging to the sprinkler system.

If Skechers fails to comply with the obligations which it must fulfill pursuant to the Civil Code
in general or pursuant to this article in particular and if it does not remedy this failure within
two (2) weeks of the written notice of default by ProLogis, ProLogis, provided it has sent a letter
to Skechers containing a plan of the works (“bestek”) will be entitled to have the necessary works
carried out for the account of Skechers and to claim the repayment of all costs incurred as a
result
of this. This does not affect any other right and recourse of ProLogis toward Skechers under this
Agreement or by law.

B. During the entire duration of the Agreement, Skechers will have to comply with any statutory,
administrative or any other applicable regulations. Skechers will be responsible for any
consequences arising from failure to comply with these regulations.

C. Skechers will be liable for any loss due to an act or omission of Skechers or due to any act or
omission of any its representatives, employees and any persons in general for which Skechers is
liable by law.

D. On the date of commencement of this Agreement, the level of the land of the Premises, including
the front area pertaining to the Premises is at the original level.

The maintenance of the aforementioned lands, the replacement of any damaged parts of these lands
and the maintenance of these lands at the original level will be carried out for the account of
Skechers.

14 Furnishing and Alteration Work

Skechers is entitled to fix partitions and lighting systems in the Premises and to carry out small
works and improvements necessary for or useful to its activities.

Upon the termination of this Agreement, ProLogis may, at its own choice, keep the partitions,
lighting system, small works and improvements itself without any compensation or payment to
Skechers, or obligate Skechers to remove the partitions, lighting system, small works and
improvements and to return the Premises to their original state, at the costs of Skechers.

If applicable Skechers shall provide ProLogis as soon as possible with a copy of the post
intervention files related to such works.

Significant alterations or work, in particular where they affect the structure of the Premises, are
not permitted, unless prior written permission has been given by ProLogis. ProLogis will have to
give the reasons for withholding its permission. If ProLogis gives such permission, it will also
immediately inform Skechers, whether or not, upon termination of the Agreement, it will keep the
significant alterations or work subject to the permission. In the absence of such decision by
ProLogis, the significant alterations or work need to be removed.

 

 

15 Defects and Repairs

ProLogis is, for its own account, only responsible for the repair of any structural defects of the
Premises as meant in article 606 of the Civil code.

However, if it appears that any such defects are the result of a failure by Skechers to perform its
maintenance obligation or of any injudicious or inadmissible use by Skechers or of any other reason
which may be ascribed to Skechers, Skechers will be responsible for the repairs.

If Skechers identifies a defect or any damage for which ProLogis is normally responsible, even if
it is caused by a third party, it must notify ProLogis in writing of this situation promptly and
not later than ten (10) days following the discovery of the defect and/or damage.

If Skechers fails to notify ProLogis, it will be personally responsible for any damage or loss
resulting from this failure of notification.

Skechers will have to allow the performance of any maintenance and repair work, considered
necessary by ProLogis. It will not be entitled to any compensation, such as a reduction of the
Price or any other type of compensation, relating to or resulting from such work, irrespective of
the duration, even where it would exceed 40 days.

All the costs arising from the alterations or adjustments of the Premises ordered by a competent
authority on account of a fact, an act or omission on the part of Skechers will be borne solely and
exclusively by Skechers.

16 The State of the Premises upon Termination of the Agreement

ProLogis and Skechers agree that, if and for whatever reason, this Agreement terminates or ends,
the “State of Delivery” report, as referred to in Article 12, shall be leading and shall be the
basis for a new inspection report of the Premises. ProLogis will in the presence of Skechers draw
up a new inspection report of the Premises upon the release of them by Skechers, in order to
determine whether Skechers is responsible for any damages.

ProLogis will have this inspection report drawn up promptly after the termination of the current
Agreement. Such report shall indicate the damages in the Premises for which Skechers is responsible
and liable, as well as the duration on non-availability of the Premises due to the required repair
works.

In the event of disagreement on the contents of such inspection report, this matter shall be
submitted as soon as possible to an independent expert specialized in real estate. This expert
shall be appointed by the parties or, failing agreement, at the request of either party by the
President of the Chamber of Commerce and Industries of Liège. The decision of the expert shall be
binding for both parties. The costs of the expert shall be equally borne by both parties.

The transfer of the keys, in whatever form, upon or after the departure by Skechers shall not at
any time release or discharge Skechers of its obligations, either in part or in their entirety in
relation with the obligations of the Skechers under this Agreement, and in particular with respect
to possible repair works or the non-availability of the Premises.

Upon its departure, Skechers shall pay any outstanding service charges.

Skechers shall have to leave the Premises well-maintained and clean at the end or termination of
this Agreement.

Skechers shall be liable for any damages to the Premises, due to an act or omission on its part or
due to any act or omission on the part of its representatives, employees and of any persons in
general for which Skechers is liable by law or in accordance with this Agreement.

Next to the repair costs, Skechers will have to pay ProLogis any compensation resulting from the
unavailability of the Premises due to an act or omission for which Skechers is liable pursuant to
the preceding paragraph or because Skechers has not vacated the Premises in due time. This
compensation will be the equivalent of the then valid Price due by Skechers for the period of
unavailability of the Premises, as determined between parties or by the expert.

17 Expropriation

In the event that the Premises, either in part or in their entirety, are expropriated, Skechers
will have no right of recourse against ProLogis. The rights which Skechers asserts against the
expropriating authority shall at not time affect the rights which ProLogis shall have against the
expropriating authority.

18 Visits to the Premises/ For Rent or For Sale

ProLogis and its agent and representatives are authorized to visit the Premises with a person
appointed by Skechers, whenever necessary, subject to prior notification (at least eight working
days) to Skechers.

During the six (6) months before the termination of the Agreement or in the event of any sale of
the Premises, ProLogis is entitled to fix the necessary advertising signs and announcements without
excessively hindering the activities of Skechers.

19 Terms of the Deed of Sale

Skechers explicitly states to be informed and that it is aware of and complies with the terms of
the Deed of sale dated June 6, 2001 between ProLogis and Services Promotion Initiatives en Provence
de Liège (SPI+) scrl, and Skechers undertakes, for itself, any of its entitled parties and
any of its successors and assigns, to comply conscientiously with the provisions of this Deed of
sale, if applicable, articles two (2), three (3), four (4), five (5), six (6), seven (7) and eight
(8) of this Deed of sale, in so far as these are or can be applicable to Skechers, and to ensure
that these stipulations are also complied with conscientiously by any third parties which may
acquire a right of lease, use or any other right to the Premises or the site.

Skechers shall indemnify and hold fully harmless ProLogis for any damage and/or costs which may
arise from a failure to comply with the aforementioned terms of the Deed of sale. ProLogis declares
that the Agreement is in compliance with articles 2 up to 8 of the Deed of Sale, insofar as
applicable.

 

 

The articles 2 up to 8 of the above Deed of Sale set forth the following :

L’affectation économique grevant le bien vendu

Article deux.- Le bien faisant l’objet de la présente vente est grevé d’une affectation
économique, celle-ci devant être considérée comme une condition essentielle de la cession
consentie par la société « Services Promotion Initiatives en Province de Liège ».

La notion d’affectation économique a été précisée dans le préambule.

L’interdiction de donner partiellement ou en totalité au bien, une autre affectation, est
absolue sauf ce qui est précisé ci-après.

L’obligation de construire sur le bien des bâtiments dans un délai déterminé.

Article trois.- L’acquéreur s’engage à édifier sur le bien faisant l’objet de la
présente convention dans un délai de deux ans un ensemble de bâtiments conformes au plan
d’implantation du dix-huit janvier deux mille un et approuvé par la S.P.I. Cet engagement
constitue une condition essentielle du présent acte de vente. Sans préjudice au droit pour la
S.P.I. d’exercer la faculté de rachat visée à l’article 6, la S.P.I. pourra, en cas
d’inexécution de cette obligation, considérer la vente comme résolue de plein droit, et sans
mise en demeure préalable. En cas de résolution de la vente, la S.P.I. n’est tenue qu’au
remboursement du prix tel que stipulé à l’article 1, sans aucune majoration, indemnité
quelconque ni intérêt. L’acquéreur sera tenu de remettre le bien dans l’état où il l’a reçu. La
S.P.I. ne devra aucune indemnité pour des améliorations ou plus-values apportées au bien par
l’acquéreur et sera libre de conserver le cas échéant, ces améliorations.

L’obligation d’exercer une activité économique déterminée

Article quatre.- L’acquéreur s’engage à exploiter dans l’immeuble à ériger sur le
terrain vendu, l’activité définie par les parties, de la manière suivante : construction de
halls, pour mise à disposition, par location ou vente, à des entreprises.

Elle devra être conforme à la description plus détaillée qui en a été donnée par l’acquéreur
dans sa lettre du dix-huit février deux mille dans la mesure où les termes de cette lettre ont
été expressément acceptés par le Bureau Exécutif de la S.P.I. en sa séance du dix mars deux
mille.

Cette activité devra être pleinement exercée dans le même délai de deux ans stipulé à l’article
3. L’acquéreur ou tout autre utilisateur du bien lui succédant est tenu de demander
l’autorisation préalable à la S.P.I. pour tout changement significatif de l’activité exercée
sur le bien vendu ou en cas de cessation totale ou partielle de cette activité. Cet engagement
constitue une obligation essentielle du contrat.

La S.P.I. peut, le cas échéant, autoriser l’exercice d’une activité nouvelle et/ou renoncer à
la sanction prévue par le contrat. Cette autorisation exceptionnelle et cette renonciation ne
se présument pas et doivent faire l’objet d’une décision expresse de la S.P.I.

Cession de la propriété ou de la jouissance du bien à un tiers

Article cinq.- L’acquéreur pourra céder tout ou partie de bien vendu, en faire apport,
le donner en location ou en transférer de toute autre manière la propriété, l’usage ou la
jouissance, avec l’accord préalable et écrit de la société « Services Promotion Initiatives en
Province de Liège » et sous la condition d’imposer au nouvel utilisateur du bien, le respect
intégral de la présente convention. Cet accord devra être donné dans un délai de 15 jours
ouvrables à dater de la demande faite par l’acquéreur. A défaut, la S.P.I.+ sera sensée avoir
donné son accord sur la demande. La S.P.I. refusera ou acceptera la cession de la propriété ou
de la jouissance en fonction des objectifs définis au préambule de la présente convention et
des objectifs généraux poursuivis par elle. La S.P.I. se réserve notamment le droit de
contrôler si l’activité prévue par le cessionnaire ou le locataire ou tout autre utilisateur
nouveau, ne risque pas de porter atteinte à la salubrité du parc industriel au sein duquel est
intégré le bien vendu et si cette activité s’intègre le cas échéant, dans le programme
d’implantation poursuivi sur ce site. Le contrat passé entre l’acquéreur et le nouvel
utilisateur du bien doit obligatoirement stipuler l’engagement du nouvel utilisateur au
bénéfice de la S.P.I. de respecter toutes les clauses de la présente convention, relatives à
l’affectation économique grevant le bien vendu (article 2), à l’obligation de construire les
bâtiments dans un délai déterminé (article 3), à l’obligation d’exercer l’activité économique
déterminée par la convention (article 4), à la cession de la propriété et
de la jouissance (article 5) et à la faculté de rachat (article 6). Ces clauses devront être
intégralement reproduites dans la convention. Une copie de celle-ci doit être soumise à la
S.P.I. sans délai, dès le jour de la signature. En cas de violation du présent article,
l’acquéreur initial reste solidairement tenu de toutes les obligations du contrat en cas de
manquement par le cessionnaire à ces obligations.

Faculté de rachat

Article six.- La société « Services Promotion Initiatives en Province de Liège » ou la
Région pourra, sur le pied de l’article 32 paragraphe 1 de la loi du 30 décembre 1970 sur
l’expansion économique, modifié en ce qui concerne la Région Wallonne par le décret du 15 mars
1990 publié au Moniteur Belge du 7 juin 1990, racheter le terrain et/ou le bâtiment au cas où
il ne respecte pas les autres conditions d’utilisation. Le rachat s’opérera au prix du marché
de l’immobilier. En aucun cas, ce prix ne peut dépasser celui qui est fixé par les Comités
d’Acquisition d’Immeubles. Toutefois, moyennant l’accord de la S.P.I., l’acquéreur pourra
revendre le bien, et dans ce cas, l’acte de revente devra reproduire les clauses visées aux
articles 2, 3, 4, 5 et 6.

La venderesse considérera comme exécutée l’activité économique telle que précisée à l’article 4
des présente, par la mise en œuvre de tous les moyens normaux et nécessaires ainsi que les
efforts de promotion auxquels s’engage de bonne foi l’acquéreur pour que la vente ou la
location, le leasing et la mise à disposition de l’immeuble décrit à l’article 3 intervienne
dans les meilleurs délais.

CONDITIONS Particulières

Articles sept.- Tout travail de nature à modifier le niveau du terrain faisant l’objet
de la présente vente ne pourra être effectué par l’acquéreur sans l’autorisation préalable de
la venderesse.

Article huit.- L’acquéreur s’engage à n’installer ou à ne laisser installer sur le bien
vendu que des enseignes ou panneaux publicitaires destinés à renseigner sa raison sociale, son
nom ou les produits fabriqués ou vendus par lui. L’installation de cette publicité sera soumise
à l’accord préalable de la venderesse. L’acquéreur s’engage à maintenir en état de parfaite
propreté les parties non bâties de la parcelle.

 

 

20 Environment and health

Skechers shall at all times use its best efforts to minimize the impact of its activities on the
environment and human health.

Skechers shall, both during the Agreement and afterwards, fully indemnify ProLogis and hold
ProLogis harmless for all damages and costs resulting from the release by Skechers of harmful
substances into the air, the water, the soil and the groundwater, or from any activity which is
harmful for the environment or human health, including but not limited to (i) the fees and expenses
for surveys or other studies, preventive or remedying measures and for monitoring programs, (ii)
the decrease of the value of the Site, (iii) the loss of benefit of the exploitation of the Site,
(iv) liabilities towards third parties and/or public authorities, (v) all penalties, interests,
proceedings and fees of technical, legal and financial experts.

Prior to the commencement of this Agreement, ProLogis has conducted a Phase I Environmental Site
Assessment, Industrial Park Hauts-Sarts-Milmort, ProLogis Belgium II Sprl ProLogis Belgium III, V,
VI Sprl, Avenue du Parc Industriel, 4041 Herstal-Milmort (Liège), Belgium (GEDAS, January 18, 2001,
project. number: 11/15/1844) and the Geotechnical Site Investigation (GEDAS, March 7, 2001, project
number : 11/15/1844 — revision B) on the Site, for its own account. The Assessment and the
Geotechnical site Investigation (together ‘the GEDAS report’)
have been appended to this Agreement as Appendix 6. ProLogis shall have established an
update of the GEDAS report (of both the Assessment and the Geotechnical site investigation) by
GEDAS which will be communicated to Skechers prior to the official delivery date of the Premises,
as referred to in Article 5, which will include drills on the Site and an examination of samples of
the soil and ground water of the Site evaluated on the basis of the Walloon standards for the
parameters for which such standards currently exist and on the basis of the Flemish standards for
the other parameters (the “Update report”). This Update report will be attached to this Agreement
as Appendix 7. The GEDAS report and the Update report represent a legally appropriate
survey and is regarded a sufficient basis to describe the status of the soil and ground water of
the Site, agreed by ProLogis and Skechers.

Prior to the termination of the Agreement, Skechers will, at its sole expense, order an accredited
expert to carry out an exploratory soil survey on the Site.

If the results of this exploratory soil survey indicate that there are concentrations of substances
in the soil and/or the groundwater of the Site exceeding the standards which apply on such date
and/or which give cause to further survey measures and/or soil decontamination, Skechers will have
these further surveys and soil decontamination carried out, for its own account.

Skechers will also compensate ProLogis for any damage which the latter may suffer as a result of
any soil and/or groundwater contamination exceeding the contamination ascertained in ‘the GEDAS
report’ and the Update report or as a result of the survey and remediation measures carried out by
Skechers for such contamination

Skechers will make a reasonable effort to ensure that the survey and remediation measures are
carried out prior to the termination of the Agreement and interfere as little as possible with the
use of the Site.

21 Various clauses

	 	21.1	 	This Agreement contains the
entire agreement of the parties
hereto with regard to the object
to which it refers and contains
everything the parties have
negotiated and agreed upon within
the framework of this Agreement.
	 
	 	 	 	No amendment or modification of this Agreement shall take effect unless it is in writing
and is executed by duly authorized representatives of the parties.
	 
	 	 	 	The Appendices to this Agreement form an integral part thereof and any reference to this
Agreement shall include a reference to the Appendices and vice versa.
	 
	 	 	 	It replaces and annuls any agreement, communication, offer, proposal, or correspondence,
oral or written, previously exchanged or concluded between the parties and referring to
the same object.
	 
	 	21.2	 	Notwithstanding any provision
contrary to the present
Agreement, neither party shall be
liable for a delay or failure to
fulfill its obligations under
this Agreement arising from any
cause beyond its reasonable
control or arising from strikes,
lockouts, work stoppages or other
collective labor disputes,
insofar that the party invoking
the force majeure informs the
other party as soon as reasonable
possible of the occurrence and
the estimated duration and the
termination thereof, as well as
an accurate description of the
causes thereof. In case the
situation of force majeure has a
duration of more than two
(2) months, the other party is
entitled to terminate this
Agreement in accordance with the
terms of this Agreement.
	 
	 	21.3	 	The parties acknowledge that they
have required all notices and
legal proceedings provided for
under the present Agreement, or
related hereto, to be drawn up in
the English language, to the
extent permitted by rules of
public policy relating directly
or indirectly to these
proceedings.
	 
	 	21.4	 	If one or more of the provisions
of this Agreement is declared to
be invalid, illegal or
unenforceable in any respect
under the applicable law, the
validity, legality and
enforceability of the remaining
provisions contained herein shall
not in any way be affected. In
the case whereby such invalid,
illegal or unenforceable clause
affects the entire nature of this
Agreement, each of the parties
shall use its best efforts to
immediately and in good faith
negotiate a legally valid
replacement provision.
	 
	 	21.5	 	No failure or delay of a party to
exercise any right or remedy
under this Agreement shall be
considered a final waiver
thereof, nor shall any single or
partial exercise of any right or
remedy preclude any other or
further exercise thereof. The
rights and remedies provided in
this Agreement are cumulative and
not exclusive of any rights or
remedies provided by law.
	 
	 	21.6	 	If this Agreement is to be
registered, Skechers shall do so
as soon as reasonably possible. A
proof of registration is to be
submitted to ProLogis. The costs
and possible penalties resulting
thereof are to be borne solely by
Skechers.
	 
	 	21.7	 	The parties acknowledge that they
have required the present
Agreement to be drawn up in the
French and the English language,
both with equal value. The French
version will be used for
registration purposes. The
English version will be attached
to the French version as
Appendix 8.

 

 

22 Choice of Domicile

Any notifications and correspondence which must be addressed to the other party, may be served in a
legally valid manner at the following addresses :

for ProLogis : ProLogis Belgium III sprl, Park Hill, Building A,
3rd Floor, Jan Emiel Mommaertslaan 18, B-1831 Diegem;

for Skechers : Skechers EDC, 159 Parc Industriel Hauts-Sarts, Zone 3, Avenue du
Parc Industriel, 4041 Herstal.

Except if agreed otherwise, any change of address can only take place within Belgium. Any change of
address must be notified by registered letter to the other party, the new address being considered
the official address for purposes of this Agreement from the first business day following the
sending of such notice letter.

Notwithstanding the preceding, all notifications between Skechers and ProLogis directly related to
the Agreement shall be in the form of registered letters.

23 Competent Courts

In the event of any dispute relating to the conclusion, validity, the implementation or the
interpretation of this Agreement, the courts of Liège will have sole and exclusive jurisdiction.

24 Applicable law

This Agreement shall be governed by and construed in accordance with Belgian law.

25 Bank Guarantee

By way of security for the due performance by Skechers of its obligations under the Availability
Agreement, Skechers hereby gives to ProLogis a bank guarantee at first demand issued by a first
class European bank having an office in Belgium and doing business in Belgium for an amount equal
to the Price as defined in the Availability Agreement for a period of three (3) months plus service
charges and plus VAT as determined and adjusted in accordance with the terms and conditions of this
Agreement.

When the Price in accordance with Article 4 is modified, the amount of the bank guarantee will have
to be adjusted in line with the annual adjustment of the Price payments every year. It will have to
apply to the entire duration of the Agreement plus six months.

This bank guarantee shall only be released six (6) months after the expiry or termination of the
Availability Agreement, including its extensions.

The bank guarantee shall be part of this Agreement and shall be attached to it as Appendix
9.

In the absence of the bank guarantee as at Commencement Date at the latest, this Agreement will be
null and void ipso iure without any further notice being required or any legal proceedings to be
started. If ProLogis should decide to refer to the lack of the bank guarantee and thereby invokes
the nullity of the Agreement, all Price payments, charges and any other payments due to ProLogis
under this Agreement will nevertheless remain in force as a compensation due to the unavailability
of the Premises, without prejudice to any other compensation ProLogis may claim.

Next to the bank guarantee, ProLogis obtained from Skechers USA Inc., a company under the laws of
the State of Delaware having its principal place of business at 228 Manhattan Beach Blvd, Manhattan
Beach, CA 90266, USA, a letter, attached hereto as Appendix 10, pursuant to which the
latter declares in favor of ProLogis, including the successors in title of ProLogis, the financial
soundness and the complete observance by Skechers of its obligations under this Agreement. This
letter is essential for ProLogis for entering into this Agreement.

In the absence of the letter at signing date, this letter will be provided within two weeks after
signing this Agreement.

*

* *

 

 

This Agreement was made out in quadruplicate in Milmort

Each party acknowledges to have received its original copy.

May 20th 2008

	 	 	 	 	 

	/s/ Gerrit Jan Meerkerk
 

For ProLogis Belgium III Sprl,

	 	/s/ David Weinberg
 

For Skechers,
	 	 
	Gerrit Jan Meerkerk

	 	David Weinberg	 	 

The following Appendices are part of this Agreement:

	 	 	 	 	 	 	 

	Appendices:

	 	 	1.	 	 	Situation Plan (02/06 6102 07-04-2008);
	 

	 	 	2.	 	 	Building permit Application (E16256);
	 

	 	 	3.	 	 	Plans and Specifications DC II / Outline specifications
(May 2008);
	 

	 	 	4.	 	 	List of services, supplies and site maintenance (09-Oct.-2007);
	 

	 	 	5.	 	 	n/a
	 

	 	 	6.	 	 	Gedas report;
	 

	 	 	7.	 	 	n/a
	 

	 	 	8.	 	 	n/a
	 

	 	 	9.	 	 	n/a
	 

	 	 	10.	 	 	n/a

 

 

Appendix 1

Situation Plan

 

 

 

 

Appendix 2

Building Permit Application

 

 

Walloon Region

	 	 	 

	Liège Directorate 1

	 	Liège — 7 July 2008
	Town Planning Division
	 	 
	Rue Montagne Sainte-Walburge, 2
	 	 
	4000 LIÈGE
	 	 
	Belgium
	 	 
	 
	 	 
	Tel. +32 (0)4/224.54.11.

	 	REGISTERED LETTER
	Fax +32 (0)4/224.54.66.

	 	S.P.R.L. PROLOGIS Belgium III
	 

	 	J.E. Mommaerstlaan, 18
	 

	 	1831 DIEGEM

Your Ref.: /

Our Ref.: E16256/BM/MRM

Encl.: 1 set of plans + notification

APPENDIX 12 — FORM G

PUBLIC INSTITUTIONS OR

STATE APPROVED ACTION AND WORKS 

DECISION TO GRANT PLANNING PERMISSION

The Delegated Officer,

Considering the Walloon Code of Law for Town and Country Planning, and Heritage;

Considering the decree dated 11 March 1999 relating to environmental permission;

Considering Volume 1 of the Code of Environmental Law relating to the assessment of the impact of
projects upon the environment;

Whereas the private limited liability partnership S.P.R.L. PROLOGIS Belgium III has submitted an
application for planning permission relating to a property located in HERSTAL (Liers), Avenue du
Parc Industriel,

recorded in the land registry under no. 450 e2, g2,

and the purpose of which is the construction of an industrial hall

Whereas the full planning permission application was filed with the Delegated Officer of the
Directorate of LIÈGE 1 of the General Directorate for Town and Country Planning, Housing and
Heritage. The application was filed by post and received on 15.05.2008;

Direction générale de l’Aménagement du territoire, du Logement et du Patrimoine

General Directorate for Town and Country Planning, Housing and Heritage

Main address: Rue des Brigades d’Irlande 1, B-5100 Namur • Tel.: 081 33 21 11 • Fax: 081
33 21 10

www.wallonie.be • Freephone no. 0800 11 901 (general information)

 

 

			
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Whereas the property in question is recorded in the LIÈGE area plan approved by the
Walloon Region Executive Decree (A.E.R.W.) dated 26.11.1987 for trade & industry activity and which
has continued to apply to the aforementioned property;

Whereas the project falls within the scope stipulated in Article 1, item 5 of the decree dated 11
March 2004 relating to infrastructure accommodating business activities;

Whereas municipal building regulations approved by the Executive Decree dated 05.09.1980 are in
force throughout the municipal territory where the property is located;

Whereas the planning permission application comprises an environmental impact assessment notice;

Whereas the services stipulated below have been consulted on the following grounds:

	—	 	the Promotion Initiatives Service SPI+, whose opinion requested on 21.05.2008 and issued on
28.05.2008 is favourable;

	 	—	 	Whereas the project is located within an area of the SPI+;

	—	 	the I.I.L.E., whose opinion requested on 21.05.2008 and issued on 16.06.2008 is favourable
subject to conditions;

	 	—	 	on public safety grounds;

Whereas the opinion of the Municipal Council was requested on 23.05.2008 and issued on 10.06.2008;
and that its opinion is favourable subject to conditions;

     Taking into consideration the plans registered by my department on 28.03.2008;

     Taking into consideration the project consists of:

	—	 	the construction of an industrial (storage) hall of 21,275 m2 as an extension to an
existing hall;

     Whereas the planning permission application does not relate to any project featuring on the
list decreed by the Government and which, given its nature, its dimensions or its location, is
subject to an environmental impact study, taking into account the selection criteria stipulated in
Article D.66 of the Code of Environmental Law;

     Whereas the planning permission application is accompanied of an environmental impact
assessment notice, and that this notice is complete and appropriately identifies, describes and
assesses the direct and indirect impact, and this in the short, medium and long term, of the
project layout and implementation upon humans, the fauna and flora; the soil, the water, the air,
the climate and the landscape; real estate and cultural heritage; the interaction between the
factors stipulated above;

     Whereas the planning permission application is not accompanied of an impact study, that the
authority is of the opinion that in view of the aforementioned notice and of the plans, that taking
into account the relevant selection criteria stipulated in Article D.66, section 2, the project is
not likely to have any significant impact upon the environment;

     Whereas judging from the plans and the photographic report included in the case file, the
impact of the project upon the landscape is insignificant;

     Whereas the planned installation does not compromise the general intended use of the area, nor
of its architectural nature;

 

 

			
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And consequently,

DECIDES

     Article 1: The planning permission applied for by the private limited liability
partnership S.P.R.L. PROLOGIS Belgium III is granted subject to the following conditions:

— To comply with the decision of the I.I.L.E. enclosed in the appendix;

— To request an inventory of the pavement, the alignment and the level as well as information on
the layout of the structures at least 60 days before the estimated date of the start of the works,
using the enclosed form. The applicant should take note of the municipal rules and regulations
concerning the information on the layout of the structures in accordance with Article 137 of the
C.W.A.T.U.P. and the regulations concerning municipal fees for the information on the layout of the
structures;

— To provide ventilation for social premises in accordance with the standards in force;

— To install an inspection chamber or an inspection hole at each junction and change of direction
in the drainage pipework;

— The access routes to the site must to be installed using a hydrocarbon road covering that makes
it possible to differentiate between the public area and the private area;

— The pavement and the gutter system must not under any circumstances be removed or modified;

— The soil originating from the terracing must be disposed of at an inert waste sorting centre. It
must not under any circumstances be used to backfill the land;

     Article 2. — This decision is issued to the applicant and to the Municipal Council of
HERSTAL;

     Article 3. — The holder of the planning permission must notify the Municipal Council
and the Delegated Officer, and this by registered letter, of the start of the works and of the
permitted processes, at least eight days before starting these works or processes.

     Article 4. — This planning permission does not dispense the holder from applying for
the compulsory authorisations or permits imposed by other legislation or regulations.

Delegated Officer

     André DELECOUR

Director

Your contact: Bernadette MOTTET — Architect

 

 

			
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EXTRACTS FROM THE WALLOON CODE OF LAW FOR TOWN AND COUNTRY PLANNING, AND HERITAGE

1) MEANS OF APPEAL

Art. 127. Section 6. The applicant and the municipal council can lodge an appeal to the Walloon
Government within thirty days from receipt of the decision from the delegated officer or from
expiry of the deadline stipulated in Article 127, section 4, paragraph 2.

2) DISPLAY OF THE PLANNING PERMISSION

Art. 134. A notice stating that the planning permission has been issued must be displayed on the
land facing the highway and legible from the latter, and if this relates to works, prior to the
start of the site and throughout the entire period of the works, or in other cases, starting from
the preparatory work, before the process or processes have been executed and throughout the entire
period of their execution. Throughout this period, the planning permission and the attached case
file or a certified true copy of these documents issued by the municipality or the delegated
officer must at all times be available to the bodies referred to in Article 156 at the location
where the works are executed and the processes are performed.

3) EXPIRY OF THE PLANNING PERMISSION

Art. 87. Section 1. The planning permission expires if, within two years from the date of issue of
the planning permission, the beneficiary has not started the works in any significant way.
Section 2. The planning permission expires for the remaining section of the works, if the latter
have not been completed within five years from the date of its issue, except if the works are
authorised to be executed in phases. In this case, the planning permission determines the start of
the deadline of expiry for each phase other than the first.

The planning permission expires ipso jure.

4) EXTENSION OF THE PERMISSION

Art. 87. Section 3. Upon application by the beneficiary of the planning permission, the latter is
extended for a period of one year. This application must be lodged thirty days prior to the expiry
deadline stipulated in Article 87, Section 1.

The extension is granted by the Government or the delegated officer.

5) CERTIFICATION OF CONFORMITY OF THE WORKS

Art. 139. Section 1. The beneficiary of the planning permission must have the condition of the
property inspected for compliance with the planning permission, and this at the latest within six
months from expiry of the deadline stipulated in Article 87, Section 2, or prior to any assignment.
In the case of assignment more than three years following an inspection, the assignor must ensure
that the property concerned is inspected for compliance with the planning permission prior to the
deed of assignment. However, an inspection is compulsory prior to any assignment following a
provisional inspection.

     Section 2. The inspection must be performed by an authorised certification body, selected by
the beneficiary of the planning permission or the assignor. If the municipality has not received
the town planning certificate of conformity or the document containing the refusal of a town
planning certificate of conformity at the end of the six months following expiry of the deadline
stipulated in Article 87, Section 2, the Municipal Council or the body appointed by the Municipal
Council will automatically commission an authorised certification body to proceed with the
inspection.

In any case, the cost of the inspection will be borne by the beneficiary of the planning permission
or by the assignor.

6) SPECIAL PROVISIONS APPLICABLE TO GROUP STRUCTURES

Art. 126. When planning permission authorises several structures and if these structures imply the
creation of infrastructure and of communal equipment, including water treatment equipment, the
planning permission can make these transformations subject to, and this free of charge or against
payment, to division, the creation of a long lease or rights to surface area, or a lease of more
than nine years, applicable to all or part of these properties:

1. A certificate issued in accordance with the terms and conditions stipulated in Article 95,
paragraph 1;

2. A deed of division drawn up by the notary stipulating the town planning guidelines for all of
the structures and the management methods of the communal areas.

The planning permission must mention any possible phases of execution of the structures and state
the start of every phase.

N.B. LAYOUT

Please note Article 137 of the said Code of Law and therefore the necessity to make contact with
the
municipality concerned.

 

 

	 	 	 

	Our Ref.: E16256/BM/MRM

	 	2/3

Article 137. The planning permission can determine the order in which the works have to be
executed and the deadline within which the terms and conditions of the planning permission have to
be met.
The start of the works relating to the new structures, and this including the extended floor
occupation of existing structures, will be subject to an on-site statement of the layout performed
by the Municipal Council.

This statement will be recorded in an official report.

 

 

Appendix 3

Plans and Specifications DC II/

Outline Specifications

 

 

Outline Specification

SKECHERS DC 2 Milmort

Distribution Center/Warehouse:

	Ø	 	Minimum clear height of 10.8 m
	 
	Ø	 	Steel building frame or concrete building frame with wooden laminated beams design
reference-period 50 years.
	 
	Ø	 	General column bay spacing 22m x 12 m
	 
	Ø	 	2 Overhead doors, 4x 4,5 meter
	 
	Ø	 	Certified ESFR K14 roof-net sprinkler system in warehouse
	 
	Ø	 	Loading docks 28 nos. electrically operated doors and levelers (6t dynamic load, l0t
static load), equipped with weather shelters and buffers, doors with vision panel.
	 
	Ø	 	Loading pit (concrete) in front
	 
	Ø	 	3 no level access doors per fire compartment
	 
	Ø	 	Minimum floor loading capacity of 5,000 kg/m2, and a rack leg load of 6000 kg.
	 
	Ø	 	Average floor flatness of Zeile 4 (DIN 18202) — 5 mm under 2m screed
	 
	Ø	 	Heating central gas heating to 18°C with outside temperature -10°C
	 
	Ø	 	Abrasion resistance top floor according class MS 25, Dutch code NEN 2743.
	 
	Ø	 	Minimum lighting level 150 Lux; average lighting level 200 Lux, measured on 1
meter above floor before the installation of racks.
	 
	Ø	 	Fire alarm and evacuation alarm, fire hoses, emergency lighting as per regulations.
	 
	Ø	 	Insulation value of 2.5 for the roof and façade (Rc = 2.5 m2K/W)
	 
	Ø	 	Roof rainwater discharge through a pluvia system
	 
	Ø	 	Insulated concrete panel plinth (height 2,25m) at loading
docks (front façade) and at
side and back facades (height 3,75m)
	 
	Ø	 	Maximum air leakage of the warehouse shell: 3 m3/h/m2
	 
	Ø	 	Concrete wheel guides to protect loading docks
	 
	Ø	 	Crash protection poles for all dock doors, level access doors and sliding fire doors.
Crash protection for all vertical pipes and stairs in the warehouse.
	 
	Ø	 	Per unit battery charge points with battery charge electrical connection point:

	 	-	 	5 outlets 3*400V/32A (excluding equipment)
	 
	 	-	 	5 outlets 240V/16A (excluding equipment)

	Ø	 	Windows in front on mezzanine level, see drawing architect.
	 
	Ø	 	3 fire rf 1/2 hr, doors 3.8 x 4.85 m in fire wall, according to local regulation.
	 
	Ø	 	Mezzanine floor above loading docks, depth 9.45 meter deep and a floor load
capacity of 400 kg/m2.
	 
	Ø	 	Transformer and switch room by DC1 existing building.
	 
	Ø	 	Water supply sprinkler by existing installation.
	 
	Ø	 	Sprinkler pump and room according to regulations
	 
	Ø	 	Restroom/ canteen on mezzanine.
	 
	Ø	 	A grey water system to be installed for re-use of rain water for flushing toilets and
irrigation
	 
	Ø	 	Employee entrance in side wall under mezzanine
	 
	Ø	 	Guard house between truck entrance and truck exit including new entrance trucks
see drawing architect.
	 
	Ø	 	Fire alarm and evacuation alarm, fire hoses, emergency lighting as per regulations.

 

 

Site/Exterior

	Ø	 	2 m high security fencing and manually operating sliding gates.
	 
	Ø	 	Loading pit is suitable for incoming and outgoing standard European trucks
according to EVO advice
	 
	Ø	 	Landscaping as required
	 
	Ø	 	Concrete brickwork paving with heavy-duty 100 mm in truck zone, 80 mm in
passenger vehicle areas.
	 
	Ø	 	Ample car parking and truck on site (in front of building, see drawing architect)
	 
	Ø	 	The front of the façade of the truck court has an average lighting to 10 Lux
	 
	Ø	 	Outside lighting: Roads and parking               20 Lux

Loading area and entrance   75 Lux

@ProLogis,
May 2008

2

 

Appendix 4

List of Services, Supplies and

Site Maintenance

 

 

List of Supplies and Services for the rented property

	 	 	 
	Component	 	Frequency
	Doors
	 	 
	 
	 	 
	* Inspection and maintenance of dock equipment (overhead doors, levellers, shelters)
	 	1x p.a.
	* Maintenance of exterior door and window furniture
	 	 
	 
	 	 
	Grounds
	 	 
	 
	 	 
	* Maintenance of paved areas
	 	1x p.a.
	* Clean channels, pump sumps, Inspection chambers and outlets, flush through foul water sewer
	 	1x p.a.

	and clean settlement tank
	 	2x p.a.
	including: removal of waste in an environmentally sound manner
	 	 
	*
Preventative maintenance of electric sliding gates and turnstiles on site
	 	1x p.a.
	* Maintenance of green areas
	 	N/A
	* Sweep whole site
	 	N/A
	* Barriers/outdoor lighting
	 	N/A
	 
	 	 
	External walls
	 	 
	 
	 	 
	* Clean
external walls and claddings of warehouse, offices + guardhouse
	 	1x/3. years
	* Clean
external walls and claddings of offices 1x p.a. after first cleaning
	 	1x p.a.
	* Clean glazing
	 	N/A
	 
	 	 
	Paintwork
	 	 
	 
	 	 
	* Touch up
interior paintwork
	 	1x p.a.
	 
	 	 
	Roof
surfaces
	 	 
	 
	 	 
	* Check roof
safeties
	 	N/A
	* Clean roof surfaces
	 	2x p.a.
	* inspect roof (payable by owner)
	 	N/A
	 
	 	 
	General structural
	 	 
	 
	 	 
	* Minor
structural maintenance, split between several visits per year (max. 3)
	 	1x p.a.
	* Preventative maintenance of fire shutters
	 	1x p.a.
	* Preventative maintenance of (interior) sun shading
	 	1x p.a.
	 
	 	 
	Lift systems
	 	 
	 
	 	 
	* Regular maintenance of lift systems in accordance with regulations
	 	N/A
	* Testing of
lift systems in accordance With regulations
	 	N/A
	 
	 	 
	Building maintenance systems
	 	 
	 
	* Regular maintenance of building maintenance systems in accordance with regulations
	 	N/A
	* Testing of building maintenance systems in accordance with regulations
	 	N/A
	 
	 	 
	Plumbing
and HVAC systems
	 	 
	 
	 	 
	* Preventative maintenance of plumbing and HVAC systems
	 	N/A
	System components:
	 	 
	* Boiler systems
	 	 
	* Switching cabinets and control equipment
	 	 
	* Air conditioning systems
	 	 
	* Gas-fired air heaters
	 	 
	* Cooling systems (split systems and/or refrigeration equipment)
	 	 
	* Tempering valves, motorised valves, valves, filling and drain cocks
	 	 
	* Circulating pumps, pressure expansion tanks, non-return valves, safety devices
	 	 
	* Air humidifiers
	 	 
	 
	 	 
	* Jobs to be performed:
	 	 
	* Inspection
and maintenance of equipment installed
	 	1x p.a.
	* Check
filters (cean, replace)
	 	1x p.a.
	* STEK / F gases decree inspections of refrigeration equipment and airco
	 	2x p.a.
	* Periodic inspection of heating equipment under Environmental Management Act
	 	1x/2 years
	 
	 	 
	* including consumables such as air filters (1x p.a.), drive belts, lubricants, cleaning agents, paint, Indicator lamps,
screw fuses up to 25A, ionisation / ignition pins
	 	N/A
	* Fix faults
	 	 
	* Use lifting platform
	 	N/A

 

 

List of Supplies and Services for the rented property

	 	 	 
	Components	 	Frequency
	Sanitary installations
	 	 
	 
	* Preventative maintenance of sanitary installations, installation components:
	 	1x p.a.
	* Toilet, basin, shower, utility sink and urinal combinations
	 	 
	* Fire hose reels
	 	 
	* Electric water heaters, gas water heater
	 	 
	* Wash troughs
	 	 
	* Fire hydrant systems
	 	 
	* Eye showers
	 	 
	* Pantries
	 	 
	* Rainwater outlet and emergency, overflow, outlets
	 	 
	* Duborain systems
	 	 
	* Fire hydrants including flow meters
	 	 
	 
	 	 
	Electrical systems
	 	 
	 
	 	 
	* Preventative maintenance of electrical systems with a hour response time
	 	1x p.a.
	System components:
	 	 
	* Electrical system
	 	 
	* Emergency lighting system
	 	 
	* Lightning protection
	 	 
	* Barrier system
	 	 
	* Intercom system
	 	 
	* Evacuation alarm system
	 	 
	* Surcharge for reducing response time to 4 hours
	 	All year round
	 
	 	 
	* Thermographic Inspection of electrical system
	 	1x/3 years
	* Replace fluorescent tubes in racking warehouse
	 	1x/8 years
	* Replace fluorescent tubes in other warehouse locations
	 	1x/5 years
	*
Systems/equipment installed by tenant, e.g. security systems,
	 	N/A
	access
control systems, Internal turnstiles, battery chargers, wrapping machines,
	 	N/A
	additional compressors, equipment in ESD room, etc.
	 	N/A
	 
	 	 
	Sprinkler system
	 	 
	 
	 	 
	* Preventative maintenance of sprinkler system
	 	1x p.a.
	* Test sprinkler system on fortnightly basis as per regulations
	 	26x p.a.
	* Replace gaskets in alarm valves
	 	1x/3 years
	* Preventative maintenance of sprinkler control panel
	 	1xp.a.
	* Replace
batteries in sprinkler control panel
	 	1x/3 years
	* Preventative maintenance of sprinkler pump set
	 	1x p.a.
	* Replace oil and filters on sprinkler pump set
	 	1x p.a.
	* Replace gaskets, thermostat etc.
	 	1x/2 years
	* Replace hoses and V belts
	 	1x/6 years
	* Major overhaul of pump set
	 	1x/12 years
	* Check condition of clean water tank
	 	1x/15 years
	* Inspection of sprinkler system by inspection bureau
	 	2x p.a.
	* Preventative maintenance of fire doors
	 	1x p.a.
	* Preventative maintenance of smoke vents
	 	1x p.a.
	 
	 	 
	Leglonella
	 	 
	 
	 	 
	* Produce leglonella control plan
	 	N/A
	* Perform checks detailed in legionella control plan
	 	N/A
	 
	 	 
	Environment
	 	 
	 
	* Take air and/or contact samples for checking indoor environment
	 	excluded
	 
	 	 
	General
	 	 
	 
	 	 
	* Gas
	 	 
	* Water
	 	 
	* Electricity
	 	 
	* Waste removal
	 	 
	* Pest control
	 	 
	* Telephone
	 	 

 

			
	*	 	Component if applicable; specific in-house components may be added.
	 
	*	 	Final frequency to be set in line with use and business process.
	 
	*	 	Service level may be extended by mutual agreement (based on Article 16 of the General Terms and
Conditions)

Date: 9
October 2007

 

 

Lease Prologis DC II

Appendix 6:

Gedas Report

 

 

	 	 	 

	 

	 	GEDAS NV
	 

	 	Clara Snellingsstraat 27
	 

	 	2100 ANTWERPEN-DEURNE
	 

	 	Tel 03 360 83 00
	 

	 	Fax 03 360 83 01
	ProLogis BV

	 	E-mail: info@gedas.be
	Capronilaan 25-27
	 	 
	1119 NP Schipol-Rijk
	 	 
	 
	 	 
	The Netherlands
	 	 

	 	 	 

	 

	 	Deume,

23th
September 2002
	 
	 	 
	 

	 	Contact:

kpeperstraete@gedas.be

mclerinx@gedas.be
	 
	 	 
	Project:

Phase I Environmental Site Assessment

ProLogis Belgium II Sprl

Avenue du parc industriel

Industrial Park Hauts-Sarts-Milmort

	 	Our Ref.:

11/15/002415

Direct line:

0032/3/3608395
	 
	 	 
	Final Report:

Update

Phase I Environmental Site Assessment

	 	Direct fax:
 0032/3/3608394

Client:

ProLogis BV

ISO 9001 gecertificeerd voor:

Adviesvertening, studie en ontwerp van gebouwen, infrastructuur, milieu en ruimtelijke ordening

 

 

 

 

CONTENT

	 	 	 	 	 
	 	 	Page	 
	1 INTRODUCTION
	 	 	5	 
	 
	 	 	 	 
	1.1 Background — Purpose of the Report
	 	 	5	 
	1.2 Scope of Work/Methodology
	 	 	5	 
	1.3 Planned Land Use of the Site
	 	 	6	 
	1.4 Limitations of Investigation/Disclaimer
	 	 	7	 
	 
	 	 	 	 
	2 PROPERTY DESCRIPTION AND ENVIRONMENTAL SETTING
	 	 	8	 
	 
	 	 	 	 
	2.1 The Property
	 	 	8	 
	2.1.1 Property Description and Location
	 	 	8	 
	2.1.2 Current Property Use / Site Operations
	 	 	10	 
	2.1.3 Previous Property Use
	 	 	14	 
	2.1.4 Summary of Property History
	 	 	15	 
	2.2 Environmental Setting
	 	 	16	 
	2.2.1 Geology 
	 	 	16	 
	2.2.2 Hydrogeology
	 	 	16	 
	2.2.3 Hydrology
	 	 	17	 
	2.2.4 Topography
	 	 	17	 
	2.2.5 Previous Investigations
	 	 	17	 
	2.2.6 Environmental Sensitivity
	 	 	18	 
	2.2.7 Planning Applications
	 	 	19	 
	2.2.8 Current Surrounding Uses
	 	 	19	 
	2.2.9 Previous Surrounding Uses
	 	 	20	 
	2.2.10 Statement of Property Sensitivity
	 	 	20	 
	2.2.11 Site Access and Traffic
	 	 	21	 
	2.2.12 Utilities
	 	 	21	 
	 
	 	 	 	 
	3 REGULATORY / GOVERNMENTAL AGENCY INQUIRIES
	 	 	22	 
	 
	 	 	 	 
	3.1 Environmental Law
	 	 	22	 
	3.1.1 Environmental impact assessment
	 	 	22	 
	3.1.2 Admission to environmental information
	 	 	23	 
	3.2 Environmental Law Concerning Specific Environmental Sectors
	 	 	23	 
	3.2.1 Exploitation of dangerous or unhealthy activities
	 	 	24	 
	3.2.2 Protection of the surface water
	 	 	24	 
	3.2.3 Protection and exploitation of groundwater and drinking water
	 	 	24	 
	3.2.4 Protection of air
	 	 	24	 
	3.2.5 Noise abatement
	 	 	25	 
	3.2.6 Soil protection
	 	 	25	 
	3.3 Environmental Management System
	 	 	25	 
	3.4 Sitescope Report
	 	 	26	 
	3.5 Sitefile Directory
	 	 	26	 
	 
	 	 	 	 
	4 RESULTS OF WALK-OVER INSPECTION
	 	 	27	 
	 
	 	 	 	 
	5 ENVIRONMENTAL RISK ASSESSMENT
	 	 	28	 

			
	 	 	 
	Date:

23th September 2002
	 	Page:
2/44

 

 

	 	 	 	Page	 

	6 CONCLUSIONS AND RECOMMENDATIONS
	 	 	29	 

			
	 	 	 
	Date:
 23th September 2002
	 	Page:
3/44

 

 

APPENDICES

	 	 	 

	1.

	 	Site Photographs
	1.1.

	 	Site photograph
	1.2.

	 	Aerial photograph
	 
	 	 
	2.

	 	Plans and Charts
	2.1

	 	Location site
	2.2

	 	Location borings
	2.3

	 	Location current and future buildings
	2.4

	 	Measurement plan
	2.5

	 	Location photographs
	2.6

	 	Location heating equipments
	 
	 	 
	3.

	 	Documents
	3.1.

	 	Cadastral map
	3.2.

	 	Soil investigation
	3.3.

	 	Groundwaterdata
	3.4.

	 	Industrial zoning
	3.5.

	 	Building permit
	3.6.

	 	Reaction of municipality of Herstal
	3.7.

	 	Correspondence with the archeological
authorities
	 
	 	 
	4.

	 	Environmental Report Tick List

			
	 	 	 
	Date:
23th September 2002
	 	Page:
 4/44

 

 

1 Introduction

1.1 Background — Purpose of the Report

GEDAS, member of the ARCADIS-group, was commissioned by ProLogis on behalf of Prologis
Belgium II S.p.r.1. (“ProLogis”) on August 15, 2002 to perform an update of a Phase I
Environmental Site Assessment (Phase I ESA) of a Site in Liège,
located near the Avenue du Parc
Industriel, 4041 Herstal-Milmort (Liège), Belgium (“the Site”).

The
contract is based on the ARCADIS proposal 2002.M5662 from August 14, 2002.

Representative photographs of the site / site inspection findings are attached in appendix
1; an overview map is shown in appendix 2.1.

Although no soil investigation is included in a Phase I Site Assessment, based on the ASTM
practice, an investigation has been conducted in August 2002 and is added in appendix 3 (3.2.).

1.2 Scope of Work/Methodology

ARCADIS GEDAS already performed a Phase I Environmental Site Assessment of the site located
near the Avenue du Parc Industriel, 4041 Herstal-Milmort in October-November 2000. This assessment
did not identify any non-compliances with the environmental legislation. No further investigation
was required by the environmental authorities.

This above described assessment was updated. The update was carried out to define the present
environmental condition of the site and to identify potential sources of environmental
liabilities.

The main objectives for this update are to acquire an understanding of any changes in the current
situation compared with 2000 and liabilities with regard to:

	 	•	 	actual and previous use/site history;
	 
	 	•	 	soil and groundwater;

			
	 	 	 
	Date:
23th September 2002
	 	Page:
 5/44

 

 

	 	•	 	general environmental setting;
	 
	 	•	 	surrounding land use and potential impacts on the site;
	 
	 	•	 	legal requirements, permits;

The Phase
I ESA is based upon the following activities:

	•	 	Record review: review of available information related to the former and present uses of
the location and adjacent properties.
	 
	•	 	Site reconnaissance: a visit to the property to investigate the Site and surrounding
properties.
	 
	•	 	Interviews with current owners and with the government
	 
	•	 	Preparation of a written Phase I Environmental Site Assessment report, with a summary of
GEDAS’s conclusions and recommendations.

1.3 Planned Land Use of the Site

In 2000 the investigated site (app. 15.5 ha) was free of any construction and was used as
arable ground (mainly for cereals).

In 2001 the land was divided in 2 pieces (Lot I and Lot II) with each a surface of app. 8 ha. On
one of these parcels (Lot I) a building (Lot I, Phase I) has been constructed. ProLogis plans to
rent out this new constructed building. Therefore the investigation (Phase I ESA and limited soil
investigation), only considers this part of the parcel with the building on.

Extensions to the buildings are foreseen in the near future. A second part of this building will
be constructed in the future years (Lot I, Phase II) (cf. appendix 2).

The existing buildings and planned buildings are shown in appendix 2.3. The logistics hall and the
office were at the time of site inspection not put into use(22/08/2002).

			
	 	 	 
	Date:
23th September 2002
	 	Page:
6/44

 

 

1.4 Limitations of Investigation/Disclaimer

The Phase I Environmental Site Assessment (ESA) was performed by GEDAS in conformance with the
scope and limitations of the American Society of Testing Materials (ASTM) standard practice for
Phase I Environmental Site Assessments (E 1527-00) and the Master Services Agreement for consulting
with ProLogis European properties Fund, ProLogis Trust, ProLogis B.V. or any of its European
affiliates and subsidiaries, agreed and accepted on 4 November 1999.

The Phase I ESA comprised a site visit on August 22, 2002. The site inspection was conducted by
Mr. Herwig Teughels and Mr. Kristof Peperstraete. The desk study was performed by Ms. Marleen
Clerinx. The desk study comprised a limited review of existing
documentation as well as confirmation of regulatory compliance from provided/presented permits or revision protocols and
the interpretation of information on the environmental setting of the area in wich the site is
located.

The results, findings, conclusions, and recommendations provided in this Phase I Environmental
Site Assessment report are based on the conditions that were observed during the Site inspection,
the review of past occupancy history of the location and information asked for by several
authorities provided.

			
	 	 	 
	Date:
23th September 2002
	 	Page:
7/44

 

 

2 Property Description and Environmental Setting

2.1 The Property

2.1.1 Property Description and Location

The Site is located in an industrial zone (cf. appendix 3, 3.4.) in Herstal-Milmort (“Parc
d’activités économiques de Hauts-Sarts”), app. 6 km northeast of the city centre of Liège, along
the E313 highway Liège-Hasselt (Exit 34) and the A601 (see Site
Map, appendix 2).  
The nearest houses are situated at a distance of approximately 0,5 km at the northeastern site of the
Site. Public transport facilities are present.

The surrounding streets are well maintained and new streets are under construction in other parts
of the industrial zone.

The railway station of Herstal is situated at 1,5 km from the Site. At 11,5 km from the site, the
airport of Liège is located (in Voroux-Goreux) and the airport of Maastricht is located at app. 46
km.

The investigated part of the site comprises an areal extent of app. 4 ha, of which the logistic
hall covers ca. 22.450 m2. The future attached building (Lot I, Phase II) covers also
22.450 m2 according to the reviewed plans.

A transformer building (approx. 6 m2) is located on the northwestern side of the site.
A gas main station is located near the main entrance of the site.

Approx.
20.000 m2
are sealed traffic- and parking areas.

A detailed topographical site survey was carried out in 2001. No final detailed topographical
survey (levels) was recieved. The actual buildings show no deviation to the planned building
location and size according to the received information from ProLogis.

	 	 	 

	 
	 	 
	Date:  23th September 2002

	 	Page:
8/44

 

 

The buildings were constructed in the year 2001-2002. No business operations were started.
The first tenants will enter the building 15th September 2002. The site layout maps
are attached in appendix 2.

	 	 	 

	Land Register Identification:

	 	Avenue du Parc Industriel
	 

	 	4041 Herstal-Milmort (Liège)
	Owner of the properties:

	 	ProLogis Belgium II Sprl
	Address:

	 	Capronilaan, 25-27
	Town/city:

	 	Schiphol-Rijk
	Country:

	 	The Netherlands
	Postal code:

	 	1119 NP
	Managing Director

	 	Ko Nuiten
	Contact person:

	 	Zuzanna Eskinasi
	Telephone:

	 	+31/206.556.639
	Fax:

	 	+31/206.556.600
	 
	 	 
	Officially responsible
persons
	 	 
	For environment:

	 	none required
	for (waste-)water:

	 	none required
	for waste:

	 	none required
	for hazardous transports:

	 	none required
	for health and safety:

	 	none required
	for fire protection:

	 	none required
	 
	 	 
	Certification:

	 	Not applicable
	At actual location since:

	 	Not applicable — still a vacant building
	Significant changes:

	 	agricultural use until approx. 2001
	 

	 	2001 till 2002 construction of building (Lot I, Phase I)
	 
	 	 
	Business activities:

	 	Not applicable — Untill now no activities have been executed on
the investigated site
	 
	 	 
	Number of employees:

	 	Not applicable
	Administration:

	 	Not applicable
	Storage / production:

	 	Not applicable

	 	 	 

	 
	 	 
	Date:
 23th September 2002

	 	Page:
9/44

 

 

	 	 	 
	Working hours:

	 	Not applicable
	 
	 	 
	Buildings rented out
	 	 
	to external companies:

	 	none
	Rented buildings:

	 	none

2.1.2 Current Property Use / Site Operations

The Site is classified as an industrial area allowing non-polluting industrial activities. Zone 3
of the industrial parc in which the Site is located, allows only transportation and
transport-related activities since this zone is specified as “parc industriel pour les logistics”.
The entire surface of this Industrial Zone 3 is app. 121 ha.

The land studied in 2000 covered approximately 15,5 ha. The whole Site was at the time (2000)
owned by S.P.I. (Services Promotion Initiatives en Prov. de Liège, Rue Lonhienne, 14 in 4000
Liège).

This site was in 2001 divided in 2 parts (Lot I and Lot II) of each app. 8 ha. ProLogis bought
one of both sites in June 2001 (Lot I). The other part is still
property of S.P.I.  
Lot I was divided in two pieces : Lot I, Phase I and Lot I, Phase II. Each Phase covers
approximately 4 ha. Only Phase I is included in this investigation.

The Site of interest (Lot I, Phase I) covers approximately 4 ha. A building of app. 22.450
m3 had been constructed. No electrical towers and overhead power lines are located on
the site. Along the southern property border three electrical towers are present.

The cadastral data from Lot I are known as :

	•	 	community of Herstal, Division 6, Section A, cadastral parcel 620 a (27.529 m2)
	 
	•	 	community of Herstal, Division 7, Section A cadastral parcel 450 b2 (40.548 m2)
	 
	•	 	community of Herstal, Division 7, Section A cadastral parcel 450 c2 (9.576 m2) 
	 
	(cf. appendix 3.1.).

One big distribution facility/warehouse with an office department is located on Site.

			
	 	 	 
	Date:
23th September 2002
	 	Page:  10/44

 

 

The current site operation (empty building) is not qualified as of any environmental concern
according to the results of the site visit, data review and according to verbal statements of the
authorities. Specific operation permits beyond the general construction are not required at this
time.

2.1.2.1 Electricity, Transformers

The plant’s electric system is connected to the public supply net (Idea, in the past
Electrabel). No PCB containing transformers or capacitors are in use on site as far as noticed
during the site visit. This was confirmed by ProLogis.

The site operates 1 transformer in the transformer-station located near the sprinkler
installation (see map in appendix 2.2); the power output is 630 kVA.

2.1.2.2 Water Management

Water Supply

The
potable water supply of the Site is partly provided by the S.W.D.E.
(Société Wallone des eaux)
and the C.I.L.E. (Compagnie Intercommunale
Liègois des eaux). This water concerns sanitary and
drinking water. A sprinkler basin (capacity 550 m3) is present on the site
(southwestern area of the location).

Sewer System / Waste Water

The site’s sanitary waste water and storm water is collected separately in the site’s sewer system
and conveyed to the new public sewage system. The internal sewer consists of PVC-pipes.

The site does not operate a water / oil separator (not required); production waste water
generating processes are not carried out at this time. Sanitary water is headed via a degreaser
towards the sewer system.

2.1.2.3 Heating Units

The site operates a natural gas fueled heating system consisting of:

			
	 	 	 
	Date:
 23th September 2002
	 	Page:  11/44

 

 

	•	 	a heating circuit with a boiler unit (Ø 160) in the administration building (Firm Elco
Klöcler) Two heating rooms are present. The equipment in the offices consist of Radson radiators.
	 
	•	 	16 modern heating radiators type Reznor in the logistic halls.

The radiators in the logistic halls should periodically be supervised by a certified chimney sweep
company.

The location of the boiler unit in the administration building is shown in Appendix 2.6.

2.1.2.4 Heating Oil

The site does not operate a heating oil fueled system.

2.1.2.5 Natural Gas

There is a
natural gas pipeline (Association
Liégois de gaz (A.L.G.) and Distrigas) and a
sewage draining system. Electrical power is provided by A.L.E.
(Association Liégois
d’léctricité).

2.1.2.6 Underground Storage Tanks (USTs)

At the site, no underground storage tanks are noticed. No visit was executed inside the
building, only the exterior part.

2.1.2.7 Aboveground Storage Tanks (ASTs)

At the site, besides the water tank (550 m3), no aboveground storage tanks are
noticed. No visit was executed inside the building, only the exterior part

2.1.2.8 Fuel Station

No fuel station or battery loading stations are noticed on site.

			
	 	 	 
	Date:
 23th September 2002
	 	Page:
 12/44

 

 

2.1.2.9 Storage of Chemicals

Nowadays the activities of the site do not (yet) comprise the use, storage and/or handling of
hazardous materials and materials of environmental concern.

According to the owner of the site, no spills or accidents occured till date during the building
of the hall.

2.1.2.10 Emissions to the Atmosphere

In the future due to the gas heating / boiler exhausts, emissions will be generated on the site. At
this time no air emissions are present on site.

2.1.2.11 Noise, Vibration and Odor Nuisance

Up till now the site does not operate heavy noise generating machinery leading to external noise
emissions above the permitted emission values for industrial areas nor generating relevant
vibrations.

No complaints occurred during the building of the warehouse.

The truck traffic to and from the ProLogis- site will not pass designated residential areas. Since
the site entrance as well as the loading / unloading areas and internal traffic zones are not
neighbored by housing areas, truck traffic generated noise emissions are unlikely to be a nuisance
in the future.

Odor emitting processes do not occur at the site.

			
	 	 	 
	Date:
23th September 2002
	 	Page:
 13/44

 

 

2.1.2.12 Waste Materials

The site (empty building) produces no hazardous commercial waste (packaging material,
cardboard, plastic foil etc.) or normal office waste.

2.1.2.13 Potentially Contaminated Building Materials

Asbestos Containing Materials (ACM)

ACM has not been identified during the inspection of the recently constructed building and is not
present according to the owner and the reviewed construction documents (i.e. installation of ACM in
new buildings is forbidden according to the applicable Belgian legislation).

PCB

The site does not operate PCB-containing transformers according to the owner; PCB-containing earth
cables have not been installed.

2.1.2.14 Radioactive Materials

Prologis
has not been using or storing radioactive materials. Ionization-smoke-detectors
containing radioactive substances are not used on the site.

2.1.2.15 Other Contaminated Building Material

During the site visit, no contamination of building materials has been observed (new
building).

2.1.2.16
Health & Safety

Dangers to the public could not be detected at this time. The site is not in possession of an
emergency plan at this time. No plan is required at this time.

			
	 	 	 
	Date:  23th September 2002
	 	Page:
14/44

 

 

 

2.1.2.17 Fire Protection

The municipal fire prevention revised the application for the building permit (prior to
the start of the construction of the building) and imposed some rules concering fire
protection.

According to the reviewed permit the following rules should be followed :

	•	 	Implantation : A connecting road should be present for the intervention
vehicles (fire department, ambulance ,...) This road should be 4 m long and should be located at a distance
of 2 m from the building. This has been fulfilled.
	 
	•	 	Structure : Rf-value (fire resistance)
1/2 h, electricity should be
controlled by a recognized
expert, the safety exits should be clearly marked, pictograms must be applied, an alarm
should be installed
	 
	•	 	Fire protection : The site must be equipped with sufficient hose reels. The
whole building
must be reached with one jet of water. A proposal with the
implantation of the fire extinguishers for the whole building complex must be transferred. Two Fire extinguishers based
on water must be installed on each officelevel. Four CO2 fire extinguishers
must be installed on specific sites on the location. The installation of automatic fire / smoke
detectors
and a sprinkler system is required. An aboveground hydrant should exists (possible to supply 60 m3/hour, during 2 hours).

Should future storage and handling of large volumes of combustible/flammable materials or an
expansion of the halls result in an increase of fire risk, than an upgrading of the present
fire prevention / fire fighting installations would be required.

2.1.3 Previous Property Use

The site was used for agricultural purposes until 2000-2001. Mainly cereals and maize
were grown on the land. An aerial photograph ordered by the firm Eursosense showed that in
1985 no activity was present on the site.

			
	 	 	 
	Date:
23th September 2002
	 	Page:  14/44

 

 

2.1.4 Summary of Property History

Besides the above mentioned previous use, the site development till date comprises the
construction of the present logistic hall and related administration- / service building in
2001-2002. On the
15th of September, new tenants will enter this buildings.

2.2 Environmental Setting

2.2.1 Geology

The geology of the location can be schematised in the following way:

The site of investigation is situated in the wide valley of the Meuse. Immediately below surface,
Quaternary river deposits occur. These can consist of gravel (Pleistocene Meuse terraces) and a
mixture of sand, silt and clay (Holocene Meuse deposits).

Below these recent layers, the Paleozoic basis occurs. At the location the top is formed by
deposits of Westphalian and Namurian (late Carboniferous) age. These consist of sandstone and
schist, alternated with coal beds. Underneath, the Visean and Tournesian limestones occur. The
underlying Devonian beds consist of alternating thick limestone and sandstone layers. The basis of
the Paleozoic layers is formed by metamorphous schist and kwartsite of Silurian and Cambrian age.

Potential aquifers in the region are formed by the Meuse gravel deposits, and the Paleozoic
limestones in which secondary porosity was created by karstic phenomena.

2.2.2 Hydrogeology

According to Mr. Lalleman d’Herstal (2000) it is not possible to abstract groundwater at this
location. This is due to the presence of sandstone, schists, limestone and coal beds in the
subsoil. The groundwater level of the first aquifer should only be situated at 118 m-gl in the
Houiller. However in this formation some sandstone layers can be present with a thickness of 20-30
m. It is impossible to abstract water from the sandstone layers.

			
	 	 	 
	Date: 23th September 2002
	 	Page: 16/44

 

 

We asked once more for the groundwater abstraction within a radius of 2 and 5 km. Four active
abstractions (undrinkable) are present within a distance of 2 km. Two non-active groundwater
abstraction wells are present within a distance of 2 km. One potentially polluating activity is
present within a distance of 2 km : Axima S.A.. The data are presented in appendix 3 (3.3.).

2.2.3 Hydrology

Rainwater is collected on the site and conveyed into the public sewage system (separation
rainwater — discharged waste water). The only surface water bodies of importance for the Site are
the river called the “Meuse (de Maas)” and the Albert canal, both located approximately 6 km to
the east of the Site. The direction of the groundwaterflow can not be determined based on present
data.

The Site is located in an area with problems with respect to rainwater. The soil in this area is
very impermeable, which makes it very hard for rainwater to infiltrate in the soil. This was
obvious during the site visit as the soil was very swampy after a downpour. A big pond was visible
on the southeastern site.

2.2.4 Topography

The topography of the Site slopes from the southeast to the northwest. On the site of Weerts a
pile of soil was visible. No information concerning the origin of the ground was given. Probably
the soil is originating from Weerts.

2.2.5 Previous Investigations

In the past GEDAS carried out an environmental and geotechnical investigation in the current
investigation area and on the neighbouring site.

According to the reviewed files provided for the Phase I Environmental Site Assessment, GEDAS
produced the following reports for the site and the neighbouring site:

	•	 	Measurement plan dated
6th November 2000, 03/3043 (neighbouring site)
	 
	•	 	Measurement plan dated
6th of
January 2001, 11/11/1844

			
	 	 	 
	Date: 23th September 2002
	 	Page: 17/44

 

 

	•	 	Phase I Environmental Site Assessment; dated
5th October 2001, 03/3043 (neighbouring site)
	 
	•	 	Phase I Environmental Site Assessment; report 11/15/1844 dated 18th January 2001,
11/11/1844
	 
	•	 	Geotechnical site investigation dated
29th November 2000, 03/3043 (neighbouring site)
	 
	•	 	Geotechnical site investigation dated
23th January
2001, 11/11/1844
	 
	•	 	Soil investigation dated 9th October 2000, 03/3043 (neighbouring site)
	 
	•	 	Topographical survey dated
December 21st 2000, 11/11/1844

Together with the geotechnical study on the neighbouring parcels, 8 soil samples were taken and
were analysed to determine the soil quality. No concentrations exceeded the Walloon Background
Values or the Flemish Vlarebo Intervention Values.

A new soil investigation was executed on the current site.

2.2.6 Environmental Sensitivity

No wooded areas were observed on or around the property by GEDAS at the time of the Site
inspection. The Site was formerly covered with cereals. No stressed vegetation was noticed. The
site is not located in a biological valuable area. This was once more asked to the institution of
nature conservation.

Regarding the presence of archeologic relicts, an inquirement was made once more with the
authorities.

According to the S.P.I. no relicts were ever found on surrounding properties.

The
“Service des fouilles de la région Wallonne” has mentioned in 2000 the possible presence
of a Roman track from Tongeren to Herstal (Chaussée Brunehaut on the map). This implies that
every demand for a building permit should be advised by the
“Service de Archéologie,
Direction de Liège”. They should attend every meeting concerning the preparation of the works
and the start up of the activities. If something important is found they can stop the works.

There were contacts with this autorities during the construction works. A copy of this
correspondence is represented in Appendix 3.7.

To the west behind the E313 the municipality of Liers is situated. To the east at 1,5 km the
municipality of Milmort is located.

			
	 	 	 
	Date: 23th September 2002
	 	Page: 18/44

 

 

2.2.7 Planning Applications

The district plan defines the site and its surrounding as an industrial area. A copy of this Plan
is attached in appendix 3.4. Additional legal obligations were asked for by the competent
autorithies.

Building permission for the constructed building :

The building permission was granted on March 5th, 2001. The building permission for the
Phase I distribution center is attached in Appendix 3.5.

2.2.8 Current Surrounding Uses

The Site
is bordered to the west by the “Avenue du parc industriel” and the E313 Highway and to
the other sides by small to medium sized enterprises.

The closest neighbours are Weerts (to the south) and Techspace Aero (to the east). These companies
are medium-sized enterprises. Weerts is specialised in transport of biscuits. Techspace Aero
produces aircraft engines. On the other sides the site is bordered by agricultural land, property
of I.S.P.C. and Air Liquide.

According to the authorities no specific environmental problems were noticed except for some
complaints concerning noise in the past. These were complaints from the local inhabitants
concerning traffic. These complaints were not addressed to the activities of ProLogis.

The surrounding companies are :

	•	 	Techspace aero S.A., Route de Liers, 121, 4041 Milmort, T : 04/278.81.11, F :
04/278.52.07
	 
	 	 	Activity: Production of aircraft engines and treatment of waste products related with
the production process. The activities are present since 30 to 40 years. No particular problems
were ever noticed.
	 
	•	 	Weerts: Avenue du parc industriel,. This is a rather new site, still under
construction.:
	 
	 	 	Activity: Transport of chocolates
	 
	•	 	L’air liquide Belge S.A., Avenue du parc industriel, 2, 4041 Milmort, T
: 04/287.78.78, F : 04/278.67.47

	 	 	 

	 
	 	 
	Date: 23th September 2002

	 	Page: 19/44

 

 

 

	 	 	Activity: Filling up canisters with industrial gases : The activities are present
since 6 à 7 years. No problems were ever reported.
	 
	•	 	Gar. Collette Sprl (Mitsubishi), Route de Liers, 122, 4041 Milmort, T : 04/278.58.16 , F :
04/278.71.14
	 
	 	 	Activity: garage
	 
	•	 	Galliker Transport & Logistics, Avenue du parc Industriel, 4041 Milmort, T :
04/287.01.01, F : 04/278.03.03
	 
	 	 	Activity : The company is active in the transport sector. Activities are present
since 1985-1990.
	 
	•	 	ISPC, Route de Liers, 125, 4041 Milmort, T : 04/278.92.92
	 
	 	 	Activity: A wholesale business (+ transport) in horeca requirements (food, cooking
utensils, etc. ). The company is located on the site since 2 years.
	 
	•	 	Van Dijck S.A., Route de Liers, 4-6, 4041 Milmort, T : 04/278.73.25, F : 04/278.06.37
	 
	 	 	Activity: Production of clinckers

Based on the review available documentation and the site visit, the current use of the surrounding
properties does not seem to represent any risk for potential contamination of the Site.

All companies in the surrounding area are in possession of required operational permits and no
issues of non-complianced have been reported. No changes with regard to the situation in 2001 was
reported. Only Weerts started in 2001 with the storage of foods in refrigerators (cf. appendix
3.6.).

2.2.9 Previous Surrounding Uses

The area was previously used for agricultural purposes.

2.2.10 Statement of Property Sensitivity

An official central register regarding the sensitivity of a property does not exist in Belgium.
The information regarding potential sensitivity issues such as environmental relevance, landfill

			
	 	 	 
	Date: 23th September 2002
	 	Page: 20/44

 

 

registration, contaminated land registry, mining issues etc. have to be obtained from several
authorities.

The mentioned sensitivity aspects are described in the previous chapters.

2.2.11 Site Access and Traffic

The location is served by the E40 and the E313. Public transport facilities are present. The
surrounding streets are well-maintained.

2.2.12 Utilities

Water

The
potable water supply of the Site is partly provided by the S.W.D.E.
(Société Wallone des
eaux) and the C.I.L.E. (Compagnie Intercommunale
Liègois des eaux). This water concerns
sanitary and drinking water.

Gas

Natural
gas is supplied by Distrigas and A.L.G. (Association
Liègois de Gaz) (cf. Paragraph 3).

Electricity

Electricity is provided by Idea (in the past by Electrabel).

Sewer

The sewer service is provided by the local authority.

New
information was asked for from the N.A.T.O., Belgacom, S.W.D.E.,
A.L.E., forces armées, A.L.G.
Only the information from Belgacom reached us at the date of the report. Other information will be
sent later.

			
	 	 	 
	Date: 23th September 2002
	 	Page: 21/44

 

 

3 Regulatory / governmental agency inquiries

This section discusses the Walloon legislation regarding environmental practices.

The present legislation in Walloon relating to environmental protection is not well developed.
Only in specific domains exists a legislation (f.e. waste).

The authorities are aware of the current situation and have worked out a new legislation. The
new decree should replace the old legislation. However one is still waiting for new
implementing regulations. Until then the old regulations stay into use.

According to the local authorities it will probably take another two years before this new
legislation will be officially enforced.

3.1 Environmental law

A big part of the environmental law of the Walloon district is still sectorial legislation
(surface water, noise, etc.). However since ten years some overall environmental aspects are
implemented in the Walloon legislation.

From this point of view two decrees merit particular attention.

3.1.1 Environmental impact assessment

In view of the European directive 85/337/EEG concerning environmental impact assessment of some
public and private projects, the Walloon authorities have decided on the decree of September
11, 1985. The decree was implemented in 1991 and has found wide application.

The decree makes some government decisions (f.e. granting of exploitation permits, building
permits) subject to a preceding environmental impact assessment f.e.:

Whenever a request for an exploitation permit or some building permit is submitted, it has to be
joined by a preceding environmental impact assessment
(,,Notice d’évaluation préalable des
incidences“).

			
	 	 	 
	Date: 23th September 2002
	 	Page: 22/44

 

 

The competent authorities evaluate the repercussions of the project on the environment. If the
authorities consider the repercussions to be negligible, no further investigation / measures
should be taken.

If the authorities consider the environmental repercussions of the project to be important, an
extensive environmental impact assessment (,,ètude d
’incidences“) should be conducted.

This
elaborate assessment (,,ètude d’incidences“) contains at least:

	 	•	 	A description of the project, the location, planning and dimensions
	 
	 	•	 	The necessary information to identify and to value the effects of the project on the
environment
	 
	 	•	 	A description of the necessary measures necessary to avoid negative aspects
	 
	 	•	 	A non-technical description of the data mentioned above

The elaborate environmental impact assessment should be conducted by a recognised expert. After the
study has been finished, the developer submits five copies of the demand to the competent
authorities. These authorities forward the demand to the local authorities with a view to a public
investigation.

3.1.2 Admission to environmental information

With a
decree of June 13, 1991 (concernant la liberté d’acces des
citoyens à l’information relative
è l’environnement) the free entrance to environmental information has been converted into law.

3.2 Environmental law concerning specific environmental sectors

Up till now no complete integrated system for environmental permits is implemented. Only in a few
domains the legislation is well developed.

The most important legislations at this moment are :

			
	 	 	 
	Date: 23th September 2002
	 	Page: 23/44

 

 

3.2.1 Exploitation of dangerous or unhealthy activities

In the Walloon provinces the legislation for exploitation of unhealthy goods is still the
R.G.P.T. (Réglement Générale pour la Protection du Travail) — legislation (former federal
legislation). The permits are given for a maximal duration of 30 years.

Activities listed in Chapter II of title I of the R.G.P.T. should get an exploitation permit. The
establishments are grouped in two classes, depending on their size and impact on the
environment.

If the activities are defined as second class, the involved municipality (in case Herstal) will
judge the demand. If the activities are classified as class one, the involved province (in case
Liége) will grant the environmental permit. If necessary an appeal should be lodged with the
Walloon minister.

3.2.2 Protection of the surface water

The protection of the surface water is organized in the decree of 7 October 19851. A
permit is necessary to discharge water (industrial waste water and domestic wastewater).

3.2.3 Protection and exploitation of groundwater and drinking water

With the decree of 30 April 19902 the protection of the groundwater and the surface
water is regulated. For example for the abstraction of groundwater a permit is necessary.

3.2.4 Protection of air

No separate legislation exists concerning air pollution. The permit for the exploitation of the
activities holds standards for the air emissions. Awaiting a new Walloon legislation, the
authorities often use the German TA-Luft standards.

 

			
	1	 	Décret sur la protection et l’exploitation des eaux sousterraines et des eaux potables
	 
	2	 	sur la protection et l’exploitation des eaux sousterraines et des eaux potables

			
	 	 	 
	Date: 23th September 2002
	 	Page: 24/44

 

 

3.2.5 Noise abatement

No separate legislation exists concerning noise abatement. A federal law of 1973 still forms the
legal framework. As for the air-emissions, the permit for the exploitation of the activities holds
standards for noise.

3.2.6 Soil protection

A soil investigation has been conducted at this site (cf. appendix 3.2.).

In Walloon there is only specific regulation concerning soil, soil protection or soil remediation
for service stations. Frequently references are made to the Walloon Waste legislation.

The Walloon authorities have however realized that there is a need for such a legislation and are
working on a legislation concerning this soil protection.

3.3 Environmental management system

In order to manage environmental issues properly in all departments of the company, it is essential
that everyone bears clear-cut responsibilities for the environment. In the event of accidents that
affect the environment, the responsible authority has to be informed.

In Belgium, there are no legal requirements for the implementation of an environmental management
system, neither in Flanders nor in the Walloon provinces.

			
	 	 	 
	Date: 23th September 2002
	 	Page: 25/44

 

 

3.4 Sitescope Report

In Belgium, a property data file comparable to a sitescope report and sitefile directory (see next
chapter) is not provided. The land registry comprises the areal extent of a property, the covered
land parcels / identification, ownership, registered easements.

A copy of the actual land registry dated September, 2002 is attached as appendix 3.1.

According to the land registry, the ProLogis site comprises the following parcels defined in land
registry: Municipality of Herstal, Division, Section A, part of parcel 450 y.

3.5 Sitefile Directory

Not applicable in Belgium

			
	 	 	 
	Date: 23th September 2002
	 	Page: 26/44

 

 

4 Results of Walk-Over Inspection

During the walk-over inspection, no issues representing a relevant matter of environmental concern
or indicating the need for major rehabilitation- or corrective measures have been identified. No
visit inside the buildings was conducted. No activities were present on site according to ProLogis
and as far as seen.

			
	 	 	 
	Date: 23th September 2002
	 	Page: 27/44

 

 

5 Environmental Risk Assessment

GEDAS, a member of the ARCADIS group, has performed an update of a Phase I Environmental Site
Assessment of a Site at the Avenue du Parc industriel at Milmort (Herstal), Belgium in conformance
with the scope and limitations of the ASTM standard practice for Phase I Environmental Site
Assessments.

Observations made during the Site reconnaissance did not identify any non-compliance with the
environmental legislation.

A review of historical activities on Site and the current use of the Site do not reveal any
environmental conditions and no further investigation is recommended.

Our Phase I ESA did not reveal any recognised environmental conditions and no indications of
possible land contamination were reported nor noted and no further investigation is
recommended or required.

			
	 	 	 
	Date: 23th September 2002
	 	Page: 28/44

 

 

6
Conclusions and Recommendations

Summary
of Issues

	 	 	 	 	 

	1. Environmental Risk Assessment

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	Based on the findings of
the site inspection and
data review / desk
study, the actual and
planned future site
utilization and the
identified subsurface
situation do not inhere
any relevant
environmental risks	 	 
	 
	 	 	 	 
	 

	 	Recommendation:
	 	No Action required
	 
	 	 	 	 
	2. Results of Walk-Over Inspection

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	During the walk-over
inspection, no issues
representing a relevant
matter of environmental
concern or indicating
the need for major
rehabilitation- or
corrective measures have
been identified	 	 
	 
	 	 	 	 
	 

	 	Recommendation:
	 	No Action required
	 
	 	 	 	 
	3. Planned Building Expansion

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	On Lot I, Phase I a new
storage building had
been constructed. On
this parcel no building
expansion is provided.	 	 
	 
	 	 	 	 
	 

	 	Recommendation:
	 	No Action required
	 
	 	 	 	 
	 
	 	 	 	 
	4. Site-/Building Survey Report

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	Existing documents state
that the actual
buildings show no
deviation of the planned
building and the
constructed building
with regard to location
and size.	 	 
	 
	 	 	 	 
	 

	 	Recommendation:
	 	No Action required

			
	 	 	 
	Date: 23th September 2002
	 	Page: 29/44

 

 

	 	 	 	 	 

	5. Chemicals

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	Site activities at this time do not comprise
use/handling of hazardous materials and materials
of environmental concern requiring official
permission and regulatory surveillance.	 	 
	 
	 	 	 	 
	 

	 	Recommendation:
	 	No Action required
	 
	 	 	 	 
	6. Traffic Study

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	Truck traffic is not present at this time. In the
future traffic will not pass through designated
areas. Since the site entrance as well as the
loading / unloading areas and internal traffic
zones are not neighbored by housing areas, truck
traffic generated noise amissions are unlikely to
be a nuisance in the future.	 	 
	 
	 	 	 	 
	 

	 	Recommendation:
	 	No Action presently
	 
	 	 	 	 
	7. Future Fire-Prevention Measures

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	Should future storage / handling of larger volumes
of combustible / flammable materials or an
expansion of the halls result in an increase of the
fire risk, an upgrading of the present fire
prevention / fire fighting installations would be
required	 	 
	 
	 	 	 	 
	 

	 	Recommendation:	 	 
	 
	 	 	 	 
	 

	 	Internal assessment of future fire load situation
depending on planned storage activities, informal
discussion with authorities regarding potential
permission requirements.
	 	No Action presently
	 
	 	 	 	 
	8. Soil investigation

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	Based on the soil analysis no further soil and
groundwater investigation
or remedial actions are required by the authorities.	 	 
	 
	 	 	 	 
	 

	 	Recommendation:
	 	No Action required

			
	 	 	 
	Date: 23th September 2002
	 	Page: 30/44

 

 

	 	 	 	 	 

	 
	 	 	 	 
	9. Easements

	 	Finding / Conclusion:	 	 
	 
	 	 	 	 
	 

	 	The following easement exist for the ProLogis-site :	 	 
	 
	 	 	 	 
	 

	 	• A connecting road
should be present for the intervention
vehicles 

   (4m long at a distance of 2 m
from the building)	 	 
	 
	 	 	 	 
	 

	 	Recommendation:	 	 
	 

	 	 	 	No Action required

Antwerpen, 24th September 2002

			
	 	 	 
	Marleen Clerinx
	 	Herwig Teughels

			
	 	 	 
	Date: 23th September 2002
	 	Page: 31/44

 

 

       APPENDICES

	 	 	 	 	 

	 	1.   	 	 	Photographs

	 	1.1.	 	 	Site Photographs

	 	1.2.	 	 	Aerial Photograph

	 	 	 	 	 

	 

	 	Date:
 23th September 2002
	 	Page: 32/44

 

 

	 	 	 	 	 

	 	2.	 	 	Plans and Charts

	 	2.1.	 	 	Location site

	 	2.2.	 	 	Location borings

	 	2.3.	 	 	Location current and future buildings

	 	2.4.	 	 	Measurement plan

	 	2.5.	 	 	Location photographs

	 	2.6.	 	 	Location heating equipment

	 	 	 	 	 

	Date:
 23th September 2002	 	 
	 	Page: 33/44

 

 

	 	 	 	 	 

	 	3.
	 	 	Documents

	 	3.1.	 	 	Cadastral map

	 	3.2.	 	 	Soil investigation (not added, in possission of ProLogis)

	 	3.3.	 	 	Data concerning groundwater abstraction

	 	3.4.	 	 	Industrial zoning

	 	3.5.	 	 	Building permit

	 	3.6.	 	 	Reaction municipality of Herstal

	 	3.7.	 	 	Correspondece authorities concerning archaeological relicts

	 	3.8.	 	 	Information conerning utilities

	 	 	 	 	 

	Date:
 23th September 2002
	 		 	Page: 34/44

 

 

	 	 	 	 	 

	 	4.	 	 	Environmental Report Tick List

	 	 	 	 	 

	Date:
 23th September 2002
	 		 	Page: 35/44

 

 

Appendices 1.1 and 1.2

Site Photographs And Aerial Photographs

 

 

 

 

 

 

Appendix 2.1

Location site

 

 

 

 

Appendix 2.2

Location borings

See Annex 7.4 of Appendix 3.2.

 

 

Appendix
2.3

Location current and future buildings

 

 

 

 

Appendix 2.4

Measurement plan

See
Section 4 of Appendix 3.2.

 

 

Appendix 2.5

Location photographs

See Appendices 1.1 and 1.2.

 

 

Appendix 2.6

Location heating equipment

 

 

 

 

Appendix 3.1

Cadastral Map

 

 

	ministère des Finances Administration EXTRAIT DE LA MATRICE CADASTRALE DE LA COMMUNE DE
DQMAINB DB LA SPI+/SERVICES PROMOTION IN BN PROVINCE DE LIEGE 4000 1IEGB R LQNKIBHNE 14 PARTIE DE
L’ARTICLE CHBH DB VOOTBH AV DU PARC INDUSTRIEL 0176 498 C TERRE H 27 21 1B 2750 10 700 450 2 TBRR8
N .7 19 64 1B 2750 1G 19700 L’SGEHT DELEGUE,

 

	0279 SUR FILAUMS A 589 TERRE S 18. 52 1 3000 16 550 0280 CMBBBRDNSHAOI- A 650/02 CHEMIN 9 61. 90
490 16 300 0286 A LA CHAUSSEE A 540 H SERBE M 40 37 1 3000 1G 1200 0287 A LA A 547 B SERRE 79 1
SOBO IG 2000 0288 SUR PILAOHB A 588, D TERRE N 09 270 0289 A LA CHAUSSEE A 549; C TERRE V 46. 53 1
3000 10 1300 0294 SUR PILOMB A 588 C TERRE 10 31 1 300p 10 300 0304 CUBE BRONEHADW A 544 C TERRE M
29 90 1 3000 1G 850 0305 CH2B A 350 8 TERRE 8 25 22 l. 3000 IG 7S0 0315 POND DE LISRS A 620 TERRE S
09 59 1 3000 10 280 (2) Période — 0001 — .0002 — 0004 (3) Première position du Code

 

	0338 A IA CHAUSSBB A 551 C TBRRB H 77 40 1 3000 IS 2300 0356 CHB A Ç42 Ç TBRRB S 41 20 1 .3000 10
1200 0357 CHB A 545 C TBRRB H 29 00 1 3000 10 850 0360 CHBB 0363 A IA CHAUSSÉS A 538 A TBRRB H 14
80 1 3000 10 440’ 0364 CHBB A 539 C TBRRB H 42 77 1 3000 10 1200 0371 FOND DE MERS A 617 TBRRB N 1
11 45 1 3000 10 3300 389 CHBB BRUHBKAUT A 543 C TBRRB H 20 00 1 3000 10 600 02 SUR FIWVNNE A 383 C
TERRE H 92 40 1 3000 2700 0404 A 584 K TBRRB 8 13 44 1 3000 10 400 0406 SUR FICRKH8 A. 594 H TBRRB
N 37 90 1 3000 IS 1100 0424 FOND DE SIERS A 621 B TBRRB H 4 45 17 ‘1 3000 10 13300 0427 A 539 S
TERRE H 04 93 2A 3000 18 140 Revenu à L’AGENT DELEGUE,

 

 

 

 

 

Appendix 3.2

Soil investigation

 

 

Explorative soil investigation

PROLOGIS BELGIUM III BVBA

Research site

Avenue du Parc Industriel 159

4041 Herstal

Project
n°: 09/865

 

 

Explorative soil investigation

PROLOGIS BELGIUM III BVBA

Research site

Avenue du Parc Industriel 159

4041 Herstal

Project
no: 09/865

12/01/2010

	 	 	 	 	 

	 

	 	Author:
	 	Timothy Geerts
	 

	 	Function:
	 	Project assistant
	 

	 	Date:
	 	4/2/10
	 	 	

	 
	 	 	 	 
	 

	 	Revised by:
	 	Mark Van Straaten
	 

	 	Function:
	 	CEO
	 

	 	Date:	 	 
	 	 	

	 
	 	 	 	 
	 	 	

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	3

 

 

CONTENT

Report

	 	 	 	 	 

	1 INTRODUCTION
	 	 	7	 
	2 PRE-STUDY
	 	 	9	 
	2.1 Administrative data
	 	 	9	 
	2.2 Characteristics surrounding area
	 	 	10	 
	2.3 Geology and hydrogeology
	 	 	10	 
	2.4 Historical data
	 	 	11	 
	2.5 Actual activities
	 	 	11	 
	2.6 Overview of activities
	 	 	11	 
	2.7 Data storage tanks
	 	 	11	 
	2.8 Previous soil investigations
	 	 	12	 
	2.9 Site visit
	 	 	12	 
	3 SAMPLING STRATEGY
	 	 	13	 
	3.1 Strategy 1: screening of the research site
	 	 	13	 
	3.1.1 Subdividing in blocs
	 	 	13	 
	3.1.2
Unsuspected terrain part
	 	 	13	 
	3.2 Summarizing table
	 	 	13	 
	4 FIELDWORK AND LABORATORY RESEARCH
	 	 	15	 
	4.1 Field research and sampling
	 	 	15	 
	4.1.1 Motivation for the location of drillings and wells
	 	 	15	 
	4.1.2 Soil structure
	 	 	15	 
	4.1.3 Groundwater
	 	 	16	 
	4.2 Laboratory research and analyses
	 	 	16	 
	4.3 Analysis results
	 	 	17	 
	4.3.1 Reference values Flanders
	 	 	17	 
	4.3.2 Analysis results for soil samples
	 	 	17	 
	4.3.3 Reference values Wallonia
	 	 	22	 
	4.3.4 Analysis results for soil samples
	 	 	22	 
	5 DATA EVALUATION
	 	 	27	 
	5.1 Evaluation status of contamination per zone
	 	 	27	 
	Unsuspected zones (strategy 1; drillings 1, 2, 4, 5, 6, 8, 9, 10, 11 & 12)
	 	 	27	 
	5.1.1 Groundwater evaluation
	 	 	27	 
	5.2 Summary per zone
	 	 	28	 
	6 SUMMARY AND CONCLUSION
	 	 	29	 
	6.1 Parcel: HERSTAL 7 DIV (62051), section A, parcel n° 450 G 2
	 	 	30	 
	6.2 General
	 	 	30	 
	7 ANNEXES
	 	 	31	 
	8 MAPS
	 	 	47	 

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	5

 

 

Annexes

ANNEX 7.1: Former and recent environmental permits

ANNEX 7.2: Certificates leak tests and soil/tank processing

ANNEX 7.3: Technical description sampling

ANNEX 7.4: Drilling logs

ANNEX 7.5: Analytical methods and original analysis reports

ANNEX 7.6: Results previous soil investigations

ANNEX 7.7: Evaluation values for non-normalized parameters

Maps

ANNEX 8.1: Topographic map

ANNEX 8.2: Colouring of the research site according to land use

ANNEX 8.3: Cadastral data

ANNEX 8.4: Detailed map research site

ANNEX 8.5: Detailed map detected soil contamination

ANNEX 8.6: Detailed map detected groundwater contamination

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	6

 

 

1 INTRODUCTION

On
instruction of PROLOGIS BELGIUM III BVBA an explorative soil investigation is performed on a site
located in HERSTAL, Avenue du Parc Industriel 159.

The aim of
this investigation is to asses the current condition of the land with respect to an
eventual soil and/or groundwater contamination.

	 	 	 

	Data instructor:

	 	PROLOGIS BELGIUM III BVBA
	 

	 	Attn. Pieter Ris
	 

	 	Pegasusparklaan 5
	 

	 	1831 DIEGEM (MACHELEN)
	 

	 	Phone: (+31)20/655.66.71
	 

	 	Fax: (+31)20/655.66.00

The extracts of the cadastral plan can be found in annex 8.2. A situation of the site on the
topographic map 42/2N (Oupeye) is also presented (see annex 8.1)

Contact at MAVA Soil Research NV is Timothy Geerts, tel n° 02/759.59.30.

The field work is performed on the following dates:

Table 1-1 Overview field trips

	 	 	 	 	 
	 	 	drilling/soil sampling	 	wells/ground water sampling
	 
	Execution

	 	14/14/2009
	 	/
	 
	Sampling

	 	14/12/2009
	 	/
	 
	Lab instruction

	 	16/12/2009
	 	/
	 
	Analyses

	 	24/12/2009
	 	/

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	7

 

 

2 PRE-STUDY

The necessary data for the pre-study are obtained from the “Geographical and Environmental
Portal Wallonia” (“Portail SIG —
DGARNE”-website), information delivered by the client and
user of the site, former soil investigations and the topographic map.

2.1 Administrative data

On instruction of PROLOGIS BELGIUM III BVBA an explorative soil investigation is performed on
a site located in Herstal, Avenue du Parc Industriel 159.

The site has a surface area of 37099 m2, of which 21376 m2 is built on.

The complete site consists of following parcels:

	 	 	 	 	 	 	 	 	 
	Municipality	 	Municipality N°	 	Section	 	Parcel N°	 	Surface (m2)
	 
	Herstal 7 DIV/LIERS/

	 	62051
	 	A
	 	450 G 2
	 	37099

The above mentioned cadastral information reflects the situation on
01/01/2008. 

Following tables represent the data on ownership and
use/exploitation of the site.

Table 2-1 Property owners

	 	 	 	 	 	 	 	 	 	 	 
	Parcel n°	 	Period	 	Name	 	Address	 	Tel	 	Fax
	 
	450 G 2

	 	2001 - present
	 	PROLOGIS BELGIUM
	 	Pegasusparklaan 5,1831
	 	(+31)20/655.66.71
	 	(+31)20/655.66.00
	 

	 	 	 	III SOCIETE BVBA
	 	DIEGEM (MACHELEN)	 	 	 	 
	Table 2-2 Users

	 	 	 	 	 	 	 	 	 	 	 
	Parcel n°	 	Period	 	Name	 	Address	 	Tel	 	Fax
	 
	450 G 2

	 	2002 - present
	 	Skechers EDC SPRL
	 	Avenue du Parc Industriel 159,
	 	04/228.62.11
	 	—
	 

	 	 	 	 	 	4040 HERSTAL	 	 	 	 
	Table 2-3 Exploitation

	 	 	 	 	 	 	 	 	 	 	 
	Parcel n°	 	Period	 	Name	 	Address	 	Tel	 	Fax
	 
	—

	 	—
	 	—
	 	—
	 	—
	 	—

The Lambert coordinates of the central point of the site are: X = 235,402 km, Y = 153,427 km
and Z = 180 m.

The ground is situated in an area designated for industrial activities. Nine groundwater
extraction wells exist in an area of 2 km around the center of the research site. As far as
known, there are no protection zones for groundwater extraction located near the research
site. Close to the site are 3 creeks (2 situated at 370 meters from the site (to the east and
to the north-west side), 1 situated next to the southern site of the building at the research
site. Three small surface waters are situated within 614 meters around the research site,
located to the east, west and north-west side of the site.

Data gathered in former soil investigations are summarized in par. 2.8

			
	 	 	 
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2.2 Characteristics surrounding area

The site
is located in an industrial zone (Parc Industriel) 5 km to the north of the
city Luik. To the west an exit of the highway E313 Luik-Hasselt is found, to the south-east the
A3 motorway.

The total industrial zone comprises an area of ca. 180 ha. The area is
used by small, medium and
large sized companies like ISPC International (food branch), Air Liquide SA (compressed gasses),
Eurofreins SA (car parts), Galliker Transports SA (transport
company), HTC Wallonie (tankcleaning),
Techspace Aero (development of aeronautical propulsion engines), ...

2.3 Geology and hydrogeology

The
geology of the location can be schematised as follows:

The research site is situated in the wide valley of the Meuse, Immediately
below surface, Quaternary river deposits occur. These can consist of gravel (Pleistocene Meuse terraces) and a
mixture of sand, slit and day (Holocene Meuse deposits).

Below these recent layers, the Paleozoic basis occurs. At the location, the top is formed by
deposits of Westphalian and Namurian (late Carboniferous) age. These consist of sandstone and
schist, alternated with coal beds. Underneath, the Visean and Touresian limestones occur. The
underlying Devonian beds consist of alternating thick limestone and sandstone layers. The basis of
the Paleozoic layers is formed by metamorphous schist en kwartsite of Silurian and Cambrian age.

Potential aquifers in the region are formed by the Meuse gravel deposits, and the Paleozoic
limestones in wich secondary porosity was created by karstic phenomena.

According to the “Walloon Geo-Environmental website”
(OGEAD http://environnement.wallonie.be/cartosig/ogead/#) the groundwater can be qualified as
vulnerable.

The following table presents the geology of
the site. 

Table 2-4 Geological structure of
the research site

	 	 	 	 	 
	Chronostratigraphie	 	Stratigraphie	 	Description
	Holocène

	 	—
	 	Recent alluvia of the Meuse. Recent
colluviums.
	 
	 

	 	 	 	Homogeneous loess-like silt.
	 
	 	 	 	 
	Pléistocène

	 	—
	 	Old alluvia constituting the various levels of
terraces of the Meuse.
	 
	 

	 	 	 	Sands and gravels of fluviatile origin (Onx)
	 
	 	 	 	 
	Tertiaire

	 	Tongrien
	 	Marine siliceous sands
	 
	 	 	 	 
	Secondaire

	 	Crétacique
	 	Conglomerate with flint or scattered flint
	 
	 

	 	 	 	Chalks with argillaceous intercalations
	 
	 	 	 	 
	Primaire

	 	Houiller
	 	Sandstone, schists and psammites

During the
fieldwork, following soil profile was observed: beneath all asphalt hardening on
the terrain, an artificial, dark brown layer of sand was found until a depth of around 60cm. This
layer contained a lot of stone. Below the layer of sand, a more loamy brown layer was found. At
most of the drilling locations, it was impossible to get any deeper than 50-60cm: a hard
impenetrable layer of unknown origin prevented any further drilling. At drilling locations where
no hardening was located on the surface the underground consisted of a brown layer of loam.

The expected depth of the groundwater table is situated around 118 m-gl. The assumed direction of
the groundwater flow is unknown.

			
	 	 	 
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As far as known, no salt or saltish water is present on the site.

One
groundwater extraction source is situated within a radius of 0,5 km and is listed in the
table below.

Table 2-5 Extraction wells of groundwater within a radius of 500 m of the site
(Source: DOV (website))

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Site extraction	 	X (km)	 	Y (km)	 	Distance (m)
	BLANCHISSERIE
BASSE-MEUSE S.A.

RUE DE
MAESTRICHT 102
	 	 	235,456	 	 	 	153,166	 	 	 	388	 
	04/374.83.64
	 	 	 	 	 	 	 	 	 	 	 	 

As far as known, none of these extractions has an influence on the direction of the
groundwater flow.

2.4 Historical data

In 2000
the site was owned by S.P.I. (Service Promotion Initiatives en province de Liége, Rue
Lonhienne, 14 in 4000 liége). During this period, the land was used as agricultural land (mainly
for cereals).

In 2001, the terrain became the property of ProLogis and the land was divided in 2 pieces (Lot I
and Lot II) with each a surface of app. 8 ha. On one of these parcels (Lot I) a building (Phase I)
has been constructed. The building was rented out in 2002 to the company “Skechers”, which uses
it as a depot and distribution center for shoes.

Construction of the second part of the building (Phase II) (on the second parcel (Lot II)
commenced in august 2008. The second part of the building has also been rented out to the company
“Skechers”, which is using it until present day.

As far as known, no accidental spills have occurred on the research site.

There has
been a change of the soil profile: the terrain has been partly excavated for the
construction of the loading and unloading zones and for the construction of the foundations.
Underneath the concrete or other hardening materials, a layer of debris is used as foundation.

As far as known, no polluted soil is excavated, no remediation has occured, nor a significant
groundwater lowering was performed.

2.5 Actual activities

The terrain is used by the company “Skechers” as a depot and distribution center for shoes.

The exact location of cables and sub ground wiring is partly known (before the drillings were
performed each location was measured with the aid of wire detection equipment).

2.6 Overview of activities

During the pre-study copies of the available permits concerning present and former activities on
the terrain were requested with the City of Herstal.

As far as known, no activities were exploited that present a risk for soil contamination.

2.7 Data storage tanks

As far as known, no storage tanks are/were present at the site.

			
	 	 	 
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2.8 Previous soil investigations

In view of the pre-study, it is also investigated whether in the past already soil
investigations or remediations have taken place on the terrain. This
information is then taken into account for selection
of the appropriate research strategy. A more elaborate report of these investigations can be found
in annex 7.7.

	 	 	 

	Soil investigation
	 
	Date:

	 	09/10/2000
	 
	Consultant:

	 	Gedas 
	 
	Code:

	 	03/3043
	 
	Conclusion:

	 	(Quote)

Results from laboratory analyses show slightly elevated concentrations of
nickel, zinc, lead and PAH’s above the
Vlarebo-Background values. However, all of the concentrations are lower than 80% of the
Intervention Value for type II soil (= agricultural land), which means that no additional
investigation is necessary. The Vlarebo Intervention Values are never
reached.

No concentrations exceed the Walloon Background Values.

According
to the procedure of the OVAM (Vlarebo), a conclusion has to be made for every
separate parcel. Since the site is located in Liége, no soil certificate is necessary, therefore one
conclusion is made for the whole site.

The conclusion can be summarized in the following statements:

	 	•	 	according to the current legislation there is no contamination above the
intervention values on the site
	 
	 	•	 	no additional soil investigation should be conducted on the site
	 
	 	•	 	the slightly elevated concentrations of heavy metals are natural background
values, and of no concern
	 
	 	•	 	the parcels should not be registered as ‘polluted soils’
	 
	 	•	 	no remedial action is necessary

Based on the soil analysis no further soil and groundwater investigation or remedial actions are
recommended.

2.9 Site visit

For the present research one site visit was made.

Visit 14/12/2009 by ASA (drilling company) and Timothy Geerts (project assistant)

Concrete drillings, soil drillings and sampling.

			
	 	 	 
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3 SAMPLING STRATEGY

In this paragraph the suspected / potential source zones and sampling strategy are
described, and this for different zones present on the site.

With the previous soil investigation dated 09/10/2000, different parcels (under which the current
450 G  2 (which was formerly part of a larger parcel)) were examined according to a self-developped
strategy. This strategy was chosen because in Walloon, no specific regulations concerning soil
investigation for activities other than service stations exist.

Given that
the aim for the Investigation is to determine the environmental status of the site,
that in the previous investigation no locations of risk could be
identified and that it is unclear if the parcel 450
G 2 was sufficiently screened, it was decided to screen the terrain again according to strategy 1
as prescribed by the OVAM.

3.1 Strategy 1: screening of the research site

The site has a surface area of 37099 m2.

The larger part of the terrain is occupied by the warehouse / distribution
center. At the north and the east side of the
building a parking area is present. At the north side of the building the loading and unloading
quays are located. Around the building there is a fire way (constructed in asphalt). To the south
of the building there is an artificial creek and fallow ground.

Since
— according to literature and former examinations in the region — the suspected
groundwaterlevel is situated around 118 m-gl, no groundwater was examined.

3.1.1 Subdividing in blocs

In view of the surface area of the research site and the screening of the terrain, the terrain was
subdivided in 6 blocs (see annex 8.4). Per bloc two drillings were performed, of which
a soil sample was analyzed for the parameters foreseen in the Walloon Standard Analysis Package (WSAP).

3.1.2 Unsuspected terrain part

The part of the terrain which is unsuspected comprises the complete area. No drillings were
allowed inside the warehouse, therefore all drillings were placed outside and around the
warehouse.

The unsuspected zones have a combined surface area of ca. 37099 m2.

Since in these zones no extra specific parameters of concern could be identified, the selected
samples were all just analyzed for the parameters of the Walloon Standard Analysis Package.

3.2 Summarizing table

On the next page, the summary of the sampling strategy is presented.

			
	 	 	 
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Table 3-5
Summary sampling strategy (according to the OVAM guidelines)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	Research site	 	PROLOGIS BELGIUM III BVBA	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Avenue du Parc Industrial 159	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	4041 Herstal	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Surface area
complete site

	 	37099 m2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	General
screening research
site according to
strategy 1	 	No of blocs	 	No of drillings	 	No of wells	 	No of analyses soil WSAP	 	N° of analyses
groundwater SAP	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	6 
	 	12 
	 	0 
	 	12 
	 	 	 	0 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	N° and surface
area registered
parcel

	 	Description suspected
zones and surface area
	 	Sampling strategy
	 	Description potential
pollution sources and surface
area
	 	Soil
protection
	 	Suspected
substances
	 	Suspected soil
layer
	 	No of
drillings
(Ind. wells)
	 	No of wells
	 	No of
analyses
soil
	 	No
of analyses
groundwater
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	450 G 2

	 	Unsuspected
	 	1 
	 	—
	 	Asphalt, concrete,
none
	 	—
	 	0-1 m bgl
	 	12 
	 	0 
	 	12 
	 	0 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Summary

	 	Total no of drillings
(Ind. wells)
	 	Total no of wells	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	12 
	 	0 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

			
	 	 	 
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4 FIELDWORK AND LABORATORY RESEARCH

This chapter describes the conducted fieldwork and laboratory research. The sensory
perceptions and analysis results are presented.

4.1 Field research and sampling

All drillings and sampling presented in this report are performed according the OVAM guidelines,
published in the “Compendium for sampling and analysis”, as approved by the Ministerial Order of
11/01/2008.

The
drillings and sampling are executed by ASA, Industriepark
Brechtsebaan 10, 2900 Schoten.

The followed procedures are given in annex 7.3. The complete drilling report with the observed
soil structure on the site is given in annex 7.4. A short overview of the observed details is
given in the following paragraphs.

4.1.1 Motivation for the location of drillings and wells

In chapter 3 an overview is given of the performed drillings and wells per zone of risk and
source of contamination. The eventual deviations of the strategy are discussed here.

It was necessary to keep the warehousefloor intact, therefore all drillings were placed outside
the building.

On 4
drilling locations, it was impossible to get any deeper than 50-60cm: a very hard
Impenetrable layer of unknown origin prevented any further drilling. Severals drillings were
replaced, but each time the impenetrable layer prevented further drilling.

4.1.2 Soil structure

For a detailed description of the geology and hydrogeology, reference is made to paragraph 2.3.

During the fieldwork, following soil profile was observed: beneath all asphalt hardening on the
terrain, an artificial, dark brown layer of sand was found until a
depth of around 60cm. This layer
contained a lot of stone. Below the layer of sand, a more loamy brown layer was found. At a lot
of these drilling locations, it was impossible to get any deeper than
50-60cm: a very  hard
impenetrable layer prevented any further drilling. At drilling
locations where no hardening was located on the surface the
underground consisted of a brown layer of loam.

The complete bore logs logs are given in annex 7.4.

The
organoleptic/sensory observations are given in the table below.

			
	 	 	 
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Table 4-1 Characteristic sensory observations

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	Trajectory	 	 
	Zone	 	Source	 	 	Drilling	 	 	Depth (m)	 	 	(m-g.l.)	 	Sensory observation
	Unsuspected

	 	Unsuspected
	 	 	58	 	 	 	0,5	 	 	 	0,10-0,50	 	 	Containing extreme ammounts of stone
	37099 m2

	 	37099 m2
	 	 	 	 	 	 	 	 	 	 	 	 	 	Drilling stopped at 0,50 m-gl (impenetrable layer)
	 

	 	 	 	 	5A	 	 	 	0,6	 	 	 	0,10-0,60	 	 	Containing extreme ammounts of stone

Drilling stopped at 0,60 m-gl (impenetrable layer)
	 

	 	 	 	 	5	 	 	 	0,5	 	 	 	0,10-0,50	 	 	Containing extreme ammounts of stone

Drilling stopped at 0,50 m-gl (impenetrable layer)
	 

	 	 	 	 	1	 	 	 	2	 	 	 	0,10-0,30	 	 	Containing extreme ammounts of stone
	 

	 	 	 	 	2	 	 	 	0,6	 	 	 	0,10-0,60	 	 	Containing extreme ammounts of stone

Drilling stopped at 0,60 m-gl (impenetrable layer)
	 

	 	 	 	 	3	 	 	 	0,5	 	 	 	0,10-0,50	 	 	Containing extreme ammounts of stone 

Drilling stopped at 0,50 m-gl (impenetrable layer)
	 

	 	 	 	 	4	 	 	 	0,5	 	 	 	0,10-0,50	 	 	Containing extreme ammounts of stone

Drilling stopped at 0,50 m-gl (impenetrable layer)
	 

	 	 	 	 	13	 	 	 	0,4	 	 	 	0,10-0,40	 	 	Containing extreme ammounts of stone

Drilling stopped at 0,50 m-gl (impenetrable layer)

In these
zones no NAPLs (Non-Aqueous Phase Liquids) were observed during the fieldwork.

4.1.3 Groundwater

A
groundwater research was not performed.

4.2 Laboratory research and analyses

The sampling procedure is described in annex 7.3.

The table below gives an overview of the selected samples and analyses.

Table 4-3 Sampling overview and analytical parameters

	 	 	 	 	 	 	 
	Zone	 	Source	 	(Mixed)Sample	 	Analysis
	Unsuspected
	 	Unsuspected	 	1 (1,50-2,00)	 	Walloon SAP package ground
	37099
m2
	 	37099 m2	 	2 (0,10-0,60)	 	Walloon SAP package ground
	 
	 	 	 	3 (0,10-0,50)	 	Walloon SAP package ground
	 
	 	 	 	4 (0,10-0,50)	 	Walloon SAP package ground
	 
	 	 	 	5 (0,10-0,50)	 	Walloon SAP package ground
	 
	 	 	 	6 (1,50-2,00)	 	Walloon SAP package ground
	 
	 	 	 	7 (0,00-0,50)	 	Walloon  SAP package ground
	 
	 	 	 	8 (0,00-0,50)	 	Walloon SAP package ground
	 
	 	 	 	9 (0,00-0,50)	 	Walloon  SAP package ground
	 
	 	 	 	10 (1,50-2,00)	 	Walloon SAP package ground
	 
	 	 	 	11 (0,00-0,50)	 	Walloon SAP package ground
	 
	 	 	 	12 (0,00-0,50)	 	Walloon SAP package ground

The
analyses were done by the laboratory Eurofins Analytico BV, Gildeweg 44-46, 3770
Barneveld (The Netherlands). A description of the analytical methods used and the original
analysis certificates are given in annex 7.5.

			
	 	 	 
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4.3 Analysis results

4.3.1 Reference values Flanders

On the 29th of October 1995 the Decree on soil remediation issued by the
Flemish government became effective (B.S. 29/4/1995). This legislation has meanwhile been
cancelled by the Flemish Government and replaced by a new decree.

The new Decree on soil remediation and soil protection (B.S. 22/01/2007) became effective on
01/06/2008. In this new decree, the striving levels and remediation standards for pollution
substances in soil and groundwater were determined. In the Decree, distinction is made between
striving values for soil quality and soil remediation levels.

Striving levels reflect the concentration of contaminating substances in soil or
groundwater which can be found in non-polluted soils with comparable soil features.

Aim levels reflect the level of soil pollution under which a soil can be used to its
potential without any restrictions.

Soil remediation levels reflect a level of contamination which can cause serious adverse
effects for man and environment. When these soil remediation values are passed, the contamination
is regarded serious.

Legally also a difference is made between the different types of land use (I: nature, II:
agricultural area, III: residential area, IV: recreation area and V: industrial area). Use of
sites situated in areas for groundwater exploitation and the preservation area’s therefore are
regarded as land use type I.

For the evaluation of an eventual contamination also the point in time at which the contamination
came about has to be considered. A distinction is made between the following types:

Historical soil contamination is a contamination originating before
29/10/1995.

New soil contamination is a  contamination originating after 28/10/1995.

Mixed soil contamination is a contamination originating partially before and partially
after the date of coming into operation of the Decree Soil Remediation (29/10/1995), as far as
the two types of contamination can not be separated.

Increased concentrations are considered a “pollution” when the analyses show concentrations which
are higher than the aim level.

Parameters for which no soil remediation levels are known, the evaluation values are determined
according to the Dutch striving and intervention values, as given in the Guide for Soil
Protection. When applicable, these are mentioned in annex 7.9.

4.3.2 Analysis results for soil samples

The analysis results of the soil samples are listed in the tables below.

A comparison is made between the measured concentrations and the soil background and remediation
levels. For the soil samples, these standards are corrected for the content of clay, organic matter
and pH, as is legally foreseen. The contents which are used are mentioned for every sampling point
(drilling). The measured values for organic matter and clay are given in the following table:

			
	 	 	 
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Table
4-4 Overview of the measured values for clay content and organic matter

Sample
top layer (former investigation, dd. 05/01/2007)

	 	 	 	 	 	 	 
	Sampling	 	Clay (%)	 	Organic Matter (%)	 	pH
	B1 (0,00-0,50)
	 	30,0	 	<0,5	 	6,8

Sample
deep layer (former investigation, dd. 05/01/2007)

	 	 	 	 	 	 	 
	Sampling	 	Clay (%)	 	Organic matter (%)	 	pH
	B4 (1,50-2,00)
	 	18,5	 	1,2	 	7,8

The soil remediation levels for land use type V, INDUSTRIAL AREA, are used.

Measured
values which exceed the Flemish Striving Levels (SL) significantly, but remaining below the
Remediation Standards (REMS), are printed in Italic. Concentrations exceeding the Flemish
Remediation Standards (REMS) for the applicable type of land use are
given in bold. Concentrations
exceeding the Aim Levels (AL) are underlined.

			
	 	 	 
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Table
4-4     Analysis results for soil samples

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Depth sample
(m bgl)
	 	 	1,50-2,00	 	 	 	1,50-2,00	 	 	 	1,50-2,00	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sampling
date
	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	 	 	 	 	 	 	 	 	 	 
	Parcel
n°
	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land Use Type
	 	V	 	 	V	 	 	V	 	 	 	 	 	 	 	 	 	 	 	 	 
	Clay content (%)
	 	 	18,5	 	 	 	18,5	 	 	 	16,5	 	 	 	 	 	 	 	 	 	 	 	 	 
	Organic matter (%)
	 	 	1,2	 	 	 	1,2	 	 	 	1,2	 	 	 	 	 	 	 	 	 	 	 	 	 
	pH
	 	 	7,8	 	 	 	7,8	 	 	 	7,8	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]
	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 
	Other [ILLEGIBLE]
	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 
	Dry Matter
(% (m/m))
	 	 	81,4	 	 	 	84,9	 	 	 	84,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (mg/kg))
	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 
	Mineral oil
(C16-C21)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C21-C30)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C30-C35)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C35-C40)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C10-C12)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C12-C16)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil
(GC)
	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	50,0	 	 	 	300	 	 	 	900	 
	PAH (mg/kg)
	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 
	Naphthalene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,800	 	 	 	97,3	 
	Benzo(a)pyrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,300	 	 	 	7,20	 
	Fenantrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,080	 	 	 	30,0	 	 	 	1.650	 
	Fluorantene
	 	 	<0,01	 	 	 	0,019	 	 	 	<0,01	 	 	 	0,200	 	 	 	10,1	 	 	 	268	 
	Benzo(a)anthracene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,060	 	 	 	2,50	 	 	 	30,0	 
	Chrysene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,150	 	 	 	5,10	 	 	 	320	 
	Benzo(b)fluorantene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,200	 	 	 	1,10	 	 	 	30,0	 
	Benzo(k)fluorantene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,200	 	 	 	0,600	 	 	 	30,0	 
	Benzo(ghl)perylene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	35,0	 	 	 	4,690	 
	Indeno(1,2,3-cd)pyrane
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,550	 	 	 	30,0	 
	Pyrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	62,0	 	 	 	3.150	 
	Fluorene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	19,0	 	 	 	4,690	 
	Dlbenz(a,h)anthracene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,300	 	 	 	3,60	 
	Anthracene
	 	 	<0,005	 	 	 	<0,005	 	 	 	<0,005	 	 	 	0,100	 	 	 	1,50	 	 	 	4.690	 
	Acenaftylene
	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	0,200	 	 	 	0,600	 	 	 	33,7	 
	Acenaphtene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,200	 	 	 	4,60	 	 	 	150	 
	PAH (sum of 10 VROM)
	 	 	<0,095	 	 	 	<0,095	 	 	 	<0,095	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (sum of 16 EPA)
	 	 	<0,2	 	 	 	<0,2	 	 	 	<0,2	 	 	 	—	 	 	 	—	 	 	 	—	 
	Heavy metals
(mg/kg)
	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 
	Arsenic (As)
	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	21,0	 	 	 	41,2	 	 	 	267	 
	Cadmium (Cd)
	 	 	<0,4	 	 	 	<0,4	 	 	 	<0,4	 	 	 	0,700	 	 	 	2,63	 	 	 	30,0	 
	Chromium (Cr)
	 	 	34,0	 	 	 	17,0	 	 	 	33,0	 	 	 	82,3	 	 	 	91,0	 	 	 	880	 
	Copper (Cu)
	 	 	12,0	 	 	 	6,80	 	 	 	11,0	 	 	 	21,7	 	 	 	104	 	 	 	500	 
	Mercury (Hg)
	 	 	<0,I	 	 	 	<0,1	 	 	 	<0,1	 	 	 	0,100	 	 	 	1,70	 	 	 	11,0	 
	Lead (Pb)
	 	 	<10	 	 	 	<10	 	 	 	14,0	 	 	 	25,7	 	 	 	120	 	 	 	1.250	 
	Nickel (Ni)
	 	 	26,0	 	 	 	14,0	 	 	 	28,0	 	 	 	24,6	 	 	 	56,0	 	 	 	530	 
	Zinc (Zn)
	 	 	45,0	 	 	 	27,0	 	 	 	49,0	 	 	 	89,5	 	 	 	354	 	 	 	1.250	 
	Eox (mg/kg)
	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 
	EOCI
	 	 	<0,1	 	 	 	<0,1	 	 	 	0,1	 	 	 	—	 	 	 	—	 	 	 	—	 
	Other heavy
metals (mg/kg)
	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 
	Cobalt (Co)
	 	 	8,10	 	 	 	5,20	 	 	 	9,40	 	 	 	—	 	 	 	—	 	 	 	—	 

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	 19

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Depth sample (m bgl)
	 	 	0,00-0,50	 	 	 	0,00-0,50	 	 	 	0,00-0,50	 	 	 	0,00-0,50	 	 	 	0,00-0,50	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sampling
date
	 	 	14/12/2009	 	 	 	16/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	 	 	 	 	 	 	 	 	 	 
	Parcel
n°
	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land Use Type
	 	 	V	 	 	 	V	 	 	 	V	 	 	 	V	 	 	 	V	 	 	 	 	 	 	 	 	 	 	 	 	 
	Clay content (%)
	 	 	38	 	 	 	30	 	 	 	30	 	 	 	30	 	 	 	30	 	 	 	 	 	 	 	 	 	 	 	 	 
	Organic
matter (%)
	 	 	0,5	 	 	 	0,5	 	 	 	0,5	 	 	 	0,5	 	 	 	0,5	 	 	 	 	 	 	 	 	 	 	 	 	 
	pH
	 	 	6,8	 	 	 	5,8	 	 	 	6,8	 	 	 	6,8	 	 	 	6,8	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Other [ILLEGIBLE]
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Dry matter (% (m/m))
	 	 	82,6	 	 	 	82,3	 	 	 	84,7	 	 	 	81,2	 	 	 	85,6	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Mineral oil (C16-C21)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C21-C30)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil
(C30-C35)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C35-C40)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil(C10-C12)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C12-C16)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (GC)
	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	50,0	 	 	 	300	 	 	 	750	 
	PAH (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Naphthalene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,800	 	 	 	81,6	 
	Benzo(a)pyrene
	 	 	0,085	 	 	 	0,046	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,300	 	 	 	7,20	 
	Fenantrene
	 	 	0,047	 	 	 	0,042	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,080	 	 	 	30,0	 	 	 	1.650	 
	Fluorantene
	 	 	0,150	 	 	 	0,084	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,200	 	 	 	10,1	 	 	 	268	 
	Benzo(a)anthracene
	 	 	0,088	 	 	 	0,043	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,060	 	 	 	2,50	 	 	 	30,0	 
	Chrysene
	 	 	0,083	 	 	 	0,050	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,150	 	 	 	5,10	 	 	 	320	 
	Benzo(b)fluoranterne
	 	 	0,110	 	 	 	0,054	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,200	 	 	 	1,10	 	 	 	30,0	 
	Benzo(k)fluorantene
	 	 	0,048	 	 	 	0,024	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,200	 	 	 	0,600	 	 	 	30,0	 
	Benzo(ghl)perylene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	35,0	 	 	 	4,690	 
	Indeno(1,2,3-cd)pyrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,550	 	 	 	30,0	 
	Pyrene
	 	 	0,110	 	 	 	0,060	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	62,0	 	 	 	3.150	 
	Fluorene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	19,0	 	 	 	4.690	 
	Dlbenz(a,h)anthracene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,300	 	 	 	3,60	 
	Anthracene
	 	 	0,009	 	 	 	<0,005	 	 	 	<0,005	 	 	 	<0,005	 	 	 	<0,005	 	 	 	0,100	 	 	 	1,50	 	 	 	4.690	 
	Acenaftylene
	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	<.0,05	 	 	 	<0,05	 	 	 	0,200	 	 	 	0,600	 	 	 	32,0	 
	Acenaphtene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,200	 	 	 	4,60	 	 	 	134	 
	PAH (sum of 10 VROM)
	 	 	0,510	 	 	 	0,290	 	 	 	<0,095	 	 	 	<0,095	 	 	 	<0,095	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (sum of 16 EPA)
	 	 	0,740	 	 	 	0,400	 	 	 	<0,2	 	 	 	<0,2	 	 	 	<0,2	 	 	 	—	 	 	 	—	 	 	 	—	 
	Heavy metals (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Arsenic (As)
	 	 	12,0	 	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	25,9	 	 	 	46,0	 	 	 	267	 
	Cadmium (Cd)
	 	 	1,50	 	 	 	1,50	 	 	 	<0,4	 	 	 	0,620	 	 	 	<0,4	 	 	 	0,700	 	 	 	2,43	 	 	 	30,0	 
	Chromium (Cr)
	 	 	30,0	 	 	 	32,0	 	 	 	34,0	 	 	 	25,0	 	 	 	22,0	 	 	 	96,5	 	 	 	91,0	 	 	 	880	 
	Copper (Cu)
	 	 	15,0	 	 	 	17,0	 	 	 	11,0	 	 	 	13,0	 	 	 	8,20	 	 	 	23,9	 	 	 	138	 	 	 	500	 
	Mercury (Hg)
	 	 	<0,1	 	 	 	0,130	 	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	0,100	 	 	 	1,70	 	 	 	11,0	 
	Lead (Pb)
	 	 	58,0	 	 	 	55,0	 	 	 	13,0	 	 	 	26,0	 	 	 	<10	 	 	 	24,7	 	 	 	120	 	 	 	1,250	 
	Nickel (Ni)
	 	 	18,0	 	 	 	19,0	 	 	 	25,0	 	 	 	21,0	 	 	 	18,0	 	 	 	34,5	 	 	 	56,0	 	 	 	530	 
	Zinc (Zn)
	 	 	180	 	 	 	180	 	 	 	48,0	 	 	 	93,0	 	 	 	33,0	 	 	 	101	 	 	 	549	 	 	 	1,250	 
	EOX (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	EOCI
	 	 	0,130	 	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	—	 	 	 	—	 	 	 	—	 
	Other Heavy metals (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Cobalt (Co)
	 	 	7,80	 	 	 	8,90	 	 	 	9,00	 	 	 	7,80	 	 	 	6,50	 	 	 	—	 	 	 	—	 	 	 	—	 

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	 20

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Depth sample (m bgl)
	 	 	0,10-0,50	 	 	 	0,10-0,60	 	 	 	0,10-0,50	 	 	 	0,10-0,50	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sampling date
	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	 	 	 	 	 	 	 	 	 	 
	Parcel n°
	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land Use Type
	 	 	V	 	 	 	V	 	 	 	V	 	 	 	V	 	 	 	 	 	 	 	 	 	 	 	 	 
	Clay content (%)
	 	 	30	 	 	 	30	 	 	 	30	 	 	 	30	 	 	 	 	 	 	 	 	 	 	 	 	 
	Organic matter (%)
	 	 	0,5	 	 	 	0,5	 	 	 	0,5	 	 	 	0,5	 	 	 	 	 	 	 	 	 	 	 	 	 
	pH
	 	 	6,8	 	 	 	6,8	 	 	 	6,8	 	 	 	6,8	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Other [ILLEGIBLE]
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Dry matter
(%(m/m))
	 	 	96,6	 	 	 	92,1	 	 	 	91,4	 	 	 	96,3	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Mineral oil (C16-C21)
	 	 	—	 	 	 	9,30	 	 	 	<6	 	 	 	<6	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C21-C30)
	 	 	—	 	 	 	50,0	 	 	 	24,0	 	 	 	<12	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C30-C35)
	 	 	—	 	 	 	22,0	 	 	 	19,0	 	 	 	14,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil
(C35-C40)
	 	 	—	 	 	 	13,0	 	 	 	17,0	 	 	 	15,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C10-C12)
	 	 	—	 	 	 	4,10	 	 	 	<3	 	 	 	<3	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C12-C16)
	 	 	—	 	 	 	<5	 	 	 	<5	 	 	 	<5	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (GC)
	 	 	<38	 	 	 	100	 	 	 	63,0	 	 	 	39,0	 	 	 	50,0	 	 	 	300	 	 	 	750	 
	PAH (mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Naphthalene
	 	 	<0,01	 	 	 	0,045	 	 	 	0,017	 	 	 	0,012	 	 	 	0,100	 	 	 	0,800	 	 	 	81,6	 
	Benzo(a)pyrene
	 	 	0,011	 	 	 	0,300	 	 	 	0,130	 	 	 	0,056	 	 	 	0,100	 	 	 	0,300	 	 	 	7,20	 
	Fenantrene
	 	 	0,031	 	 	 	0,360	 	 	 	0,270	 	 	 	0,046	 	 	 	0,080	 	 	 	30,0	 	 	 	1.650	 
	Fluorantene
	 	 	<0,01	 	 	 	0,920	 	 	 	0,420	 	 	 	0,059	 	 	 	0,200	 	 	 	10,1	 	 	 	268	 
	Benzo(a)anthracene
	 	 	<0,01	 	 	 	0,370	 	 	 	0,150	 	 	 	0,041	 	 	 	0,060	 	 	 	2,50	 	 	 	30,0	 
	Chrysene
	 	 	0,011	 	 	 	0,310	 	 	 	0,440	 	 	 	0,045	 	 	 	0,150	 	 	 	5,10	 	 	 	320	 
	Benzo(b)fluorantene
	 	 	0,018	 	 	 	0,360	 	 	 	0,150	 	 	 	0,071	 	 	 	0,200	 	 	 	1,10	 	 	 	30,0	 
	Benzo(k)fluorantene
	 	 	<0,01	 	 	 	0,160	 	 	 	0,075	 	 	 	0,028	 	 	 	0,200	 	 	 	0,600	 	 	 	30,0	 
	Benzo(ghl)perylene
	 	 	<0,01	 	 	 	0,220	 	 	 	0,120	 	 	 	0,085	 	 	 	0,100	 	 	 	35,0	 	 	 	4.690	 
	Indeno(1,2,3–cd)pyrene
	 	 	<0,01	 	 	 	0,140	 	 	 	0,120	 	 	 	0,042	 	 	 	0,100	 	 	 	0,550	 	 	 	30,0	 
	Pyrene
	 	 	<0,01	 	 	 	0,520	 	 	 	0,280	 	 	 	0,044	 	 	 	0,100	 	 	 	62,0	 	 	 	3.150	 
	Fluorene
	 	 	<0,01	 	 	 	0,038	 	 	 	0,032	 	 	 	<0,01	 	 	 	0,100	 	 	 	19,0	 	 	 	4,690	 
	Dlbenz(a,h)anthracene
	 	 	<0,01	 	 	 	0,050	 	 	 	0,021	 	 	 	<0,01	 	 	 	0,100	 	 	 	0,300	 	 	 	3,60	 
	Anthracene
	 	 	<0,005	 	 	 	0,076	 	 	 	0,048	 	 	 	0,008	 	 	 	0,100	 	 	 	1,50	 	 	 	4.690	 
	Acenaftylene
	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	0,200	 	 	 	0,600	 	 	 	32,0	 
	Acenaphtene
	 	 	<0,01	 	 	 	0,026	 	 	 	0,039	 	 	 	0,011	 	 	 	0,200	 	 	 	4,60	 	 	 	134	 
	PAH (sum of
10 VROM)
	 	 	<0,095	 	 	 	2,90	 	 	 	1,50	 	 	 	0,420	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (sum of 15 EPA)
	 	 	<0,2	 	 	 	3,90	 	 	 	2,00	 	 	 	0,550	 	 	 	—	 	 	 	—	 	 	 	—	 
	Heavy metals
(mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Arsenic (As)
	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	25,9	 	 	 	46,0	 	 	 	267	 
	Cadmium (Cd)
	 	 	<0,4	 	 	 	0,670	 	 	 	<0,4	 	 	 	<0,4	 	 	 	0,700	 	 	 	2,43	 	 	 	30,0	 
	Chromium (Cr)
	 	 	9,10	 	 	 	18,0	 	 	 	24,0	 	 	 	7,20	 	 	 	96,5	 	 	 	91,0	 	 	 	880	 
	Copper (Cu)
	 	 	<5	 	 	 	18,0	 	 	 	31,0	 	 	 	<5	 	 	 	23,9	 	 	 	138	 	 	 	500	 
	Mercury (Hg)
	 	 	<0,1	 	 	 	0,120	 	 	 	<0,1	 	 	 	<0,1	 	 	 	0,100	 	 	 	1,70	 	 	 	11,0	 
	Lead (Pb)
	 	 	<10	 	 	 	79,0	 	 	 	47,0	 	 	 	<10	 	 	 	24,7	 	 	 	120	 	 	 	1.250	 
	Nickel (Ni)
	 	 	8,20	 	 	 	16,0	 	 	 	18,0	 	 	 	7,20	 	 	 	34,5	 	 	 	56,0	 	 	 	530	 
	Zinc (Zn)
	 	 	40,0	 	 	 	180	 	 	 	370	 	 	 	50,0	 	 	 	101	 	 	 	549	 	 	 	1.250	 
	EOX (mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	EOCI
	 	 	<0,1	 	 	 	0,110	 	 	 	<0,1	 	 	 	0,170	 	 	 	—	 	 	 	—	 	 	 	—	 
	Other heavy
metals (mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Cobalt (Co)
	 	 	<5	 	 	 	<5	 	 	 	8,70	 	 	 	<5	 	 	 	—	 	 	 	—	 	 	 	—	 

Table 4-5 Analysis results groundwater samples

No groundwater samples are analysed.

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	21

 

 

4.3.3 Reference values Wallonia

In the Walloon region, currently one legislation and one decree exist on soil remediation
and soil protection:

	 	-	 	The Walloon legislation concerning service stations, dated
4/03/1999. This legislation
is only applicable to service stations.
	 
	 	-	 	The Decree on soil remediation and rehabilitation of economical sites (M.B.
07/06/2004). This decree is not yet active.

Concerning the soil remediation levels, only the levels determined in the legislation concerning
service stations are currently legally applicable. Both the legislation concerning service
stations as the Decree on soil remediation and rehabilitation of economical sites are using a
system with 3 concentration values (Valeur Référence,
Valeur Seuil en Valeur d’Intervention).

Valeur Référence reflect the concentration of contaminating substances in soil or
groundwater which can be found in non-polluted soils with comparable soil features.

Valeur Seuil determines whether additional investigation is necessary.

Valeur
d’Intervention reflect a level of contamination which can cause serious adverse effects
for man and environment. When these soil remediation values are passed, the contamination is
regarded serious.

Since no
service station existsts on the research site, concentrations will be indicatively compared
to the levels as stated in the Decree on soil remediation and rehabilitation of economical sites.

4.3.4 Analysis results for soil samples

The analysis results of the soil samples are listed in the tables below.

A comparison is made between the measured concentrations and the soil background and remediation
levels. These standards do not have to be corrected for the content of clay, organic matter and
pH.

The soil
remediation levels for land use type V, INDUSTRIAL AREA, are used.

Measured values which exceed the
Walloon “Valeur Référence” (VR) significantly, but remaining below
the Valeur d’Intervention (VI), are printed in Italic.
Concentrations exceeding the Walloon Valeur
d’Intervention (VI) for the applicable type of land use are
given in bold. Concentrations exceeding
the Valeur Seuil (VS) are underlined.

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	22

 

 

Table
4-5 Analysis results for soil samples

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]	 	7	 	8	 	9	 	1	 	2	 	VR	 	VS	 	VI
	Depth sample (m bgl)
	 	 	1,50-2,00	 	 	 	0,00-0,50	 	 	 	1,50-2,00	 	 	 	0,00-0,50	 	 	 	0,00-0,50	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sampling date
	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	 	 	 	 	 	 	 	 	 	 
	Parcel nO
	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land Use Type
	 	 	V	 	 	 	V	 	 	 	V	 	 	 	V	 	 	 	V	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	[ILLEGIBLE]
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Dry matter
(%(m/m))
	 	 	81,4	 	 	 	82,6	 	 	 	84,9	 	 	 	82,3	 	 	 	84,7	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil
(mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Mineral oil (C10-C12)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	2,5	 	 	 	130	 	 	 	160	 
	Mineral oil (C12-C16)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	15	 	 	 	130	 	 	 	520	 
	Mineral oil (C16-C21)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	15	 	 	 	1250	 	 	 	2500	 
	Mineral oil (C21-C30)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil
(C30-C35)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Sum C21-C30+C30-C35
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	15	 	 	 	1250	 	 	 	2500	 
	Mineral oil
(C35-C40)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (GC)
	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Naphthalene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,1	 	 	 	2,58	 	 	 	25	 
	Benzo(a)pyrene
	 	 	<0,01	 	 	 	0,085	 	 	 	<0,01	 	 	 	0,046	 	 	 	<0,01	 	 	 	0,01	 	 	 	1,3	 	 	 	13	 
	Fenantrene
	 	 	<0,01	 	 	 	0,047	 	 	 	<0,01	 	 	 	0,042	 	 	 	<0,01	 	 	 	0,1	 	 	 	16	 	 	 	164	 
	Fluorantene
	 	 	<0,01	 	 	 	0,150	 	 	 	0,019	 	 	 	0,084	 	 	 	<0,01	 	 	 	0,01	 	 	 	47	 	 	 	475	 
	Benzo(a)anthracene
	 	 	<:0,01	 	 	 	0,088	 	 	 	<0,01	 	 	 	0,043	 	 	 	<0,01	 	 	 	0,01	 	 	 	1,5	 	 	 	15	 
	Chrysene
	 	 	<0,01	 	 	 	0,083	 	 	 	<0,01	 	 	 	0,050	 	 	 	<0,01	 	 	 	0,01	 	 	 	6	 	 	 	60	 
	Benzo(b)fluorantene
	 	 	<0,01	 	 	 	0,110	 	 	 	<0,01	 	 	 	0,054	 	 	 	<0,01	 	 	 	0,01	 	 	 	1,3	 	 	 	13	 
	Benzo(k)fluorantene
	 	 	<0,01	 	 	 	0,048	 	 	 	<0,01	 	 	 	0,024	 	 	 	<0,01	 	 	 	0,01	 	 	 	4,7	 	 	 	47	 
	Benzo(ghl)perylene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,01	 	 	 	5	 	 	 	46	 
	Indeno(l,2,3-cd)pyrene
	 	 	<001	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,01	 	 	 	1,5	 	 	 	15	 
	Pyrene
	 	 	<0,01	 	 	 	0,110	 	 	 	<0,01	 	 	 	0,060	 	 	 	<0,01	 	 	 	0,01	 	 	 	6,4	 	 	 	64	 
	Fluorene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,01	 	 	 	16	 	 	 	163	 
	Dibenz(a,h)anthracene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,0l	 	 	 	0,01	 	 	 	1,4	 	 	 	14	 
	Anthracene
	 	 	<0,005	 	 	 	0,009	 	 	 	<0,005	 	 	 	<0,005	 	 	 	<0,005	 	 	 	0,01	 	 	 	1,3	 	 	 	13,3	 
	Acenaftylene
	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	0,01	 	 	 	43	 	 	 	410	 
	Acenaphtene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,01	 	 	 	6	 	 	 	56	 
	PAH (sum of l0 VROM)
	 	 	<0,095	 	 	 	0,510	 	 	 	<0,095	 	 	 	0,290	 	 	 	<0,095	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (sum of 16 EPA)
	 	 	<0,2	 	 	 	0,740	 	 	 	<0,2	 	 	 	0,400	 	 	 	<0,2	 	 	 	—	 	 	 	—	 	 	 	—	 
	Heavy metals
(mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Arsenic (As)
	 	 	<10	 	 	 	12,0	 	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	12	 	 	 	50	 	 	 	300	 
	Cadmium (Cd)
	 	 	<0,4	 	 	 	1,50	 	 	 	<0,4	 	 	 	1,50	 	 	 	<0,4	 	 	 	0,2	 	 	 	15	 	 	 	50	 
	Chromium (Cr)
	 	 	34,0	 	 	 	30,0	 	 	 	17,0	 	 	 	32,0	 	 	 	34,0	 	 	 	34	 	 	 	165	 	 	 	700	 
	Copper (Cu)
	 	 	12,0	 	 	 	15,0	 	 	 	6,80	 	 	 	17,0	 	 	 	11,0	 	 	 	14	 	 	 	120	 	 	 	500	 
	Mercury (Hg)
	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	0,130	 	 	 	<0,1	 	 	 	0,05	 	 	 	5	 	 	 	50	 
	Lead (Pb)
	 	 	<10	 	 	 	58,0	 	 	 	<10	 	 	 	55,0	 	 	 	13,0	 	 	 	25	 	 	 	385	 	 	 	1360	 
	Nickel (Ni)
	 	 	26,0	 	 	 	18,0	 	 	 	14,0	 	 	 	19,0	 	 	 	25,0	 	 	 	24	 	 	 	210	 	 	 	500	 
	Zinc (Zn)
	 	 	45,0	 	 	 	180	 	 	 	27,0	 	 	 	180	 	 	 	48,0	 	 	 	67	 	 	 	320	 	 	 	1300	 
	EOX (mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	EOCI
	 	 	<0,1	 	 	 	0,130	 	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	—	 	 	 	—	 	 	 	—	 
	Other heavy
metals (mg/kg)
	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]
	Cobalt (Co)
	 	 	8,10	 	 	 	7,80	 	 	 	5,20	 	 	 	8,90	 	 	 	9,00	 	 	 	—	 	 	 	—	 	 	 	—	 

			
	 	 	 
	Project 09/865 — ESI PROLOGIS
BELGIUM III BVBA HERSTAL
	 	 23

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]	 	7	 	8	 	9	 	1	 	2	 	VR	 	VS	 	VI
	Depth sample (m bgl)
	 	 	0,00-0,50	 	 	 	0,00-0,50	 	 	 	0,10-0,50	 	 	 	1,50-2,00	 	 	 	0,10-0,60	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sampling date
	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	 	 	 	 	 	 	 	 	 	 
	Parcel no
	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	0430 G 2	 	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land Use Type
	 	 	V	 	 	 	V	 	 	 	V	 	 	 	V	 	 	 	V	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	[ILLEGIBLE]
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Dry matter (% (m/m))
	 	 	81,2	 	 	 	85,6	 	 	 	96,6	 	 	 	84,0	 	 	 	92,1	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Mineral oil (C10-C12)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	4,10	 	 	 	2,5	 	 	 	130	 	 	 	160	 
	Mineral oil (C12-C16)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	<5	 	 	 	15	 	 	 	130	 	 	 	520	 
	Mineral oil (C16-C21)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	9,30	 	 	 	15	 	 	 	1250	 	 	 	2500	 
	Mineral oil (C21-C30)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	50,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C30-C35)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	22,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Sum C21-C30+C30-C35
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	72,0	 	 	 	15	 	 	 	1250	 	 	 	2500	 
	Mineral oil (C35-C40)
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	13,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (GC)
	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	<38	 	 	 	100	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Naphthalene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,045	 	 	 	0,1	 	 	 	2,58	 	 	 	25	 
	Benzo(a)pyrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	0,011	 	 	 	<0,01	 	 	 	0,300	 	 	 	0,01	 	 	 	1,3	 	 	 	13	 
	Fenentrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	0,031	 	 	 	<0,01	 	 	 	0,360	 	 	 	0,1	 	 	 	16	 	 	 	164	 
	Fluorantene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,920	 	 	 	0,01	 	 	 	47	 	 	 	475	 
	Benzo(a)anthracene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,370	 	 	 	0,01	 	 	 	1,5	 	 	 	15	 
	Chrysene
	 	 	<0,01	 	 	 	<0,01	 	 	 	0,011	 	 	 	<0,01	 	 	 	0,310	 	 	 	0,01	 	 	 	6	 	 	 	60	 
	Benzo(b)fluorantene
	 	 	<0,01	 	 	 	<0,01	 	 	 	0,018	 	 	 	<0,01	 	 	 	0,360	 	 	 	0,01	 	 	 	1,3	 	 	 	13	 
	Benzo(k)fluorantene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,160	 	 	 	0,01	 	 	 	4,7	 	 	 	47	 
	Benzo(ghl)perylene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,220	 	 	 	0,01	 	 	 	5	 	 	 	46	 
	Indeno(1,2,3-cd)pyrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,140	 	 	 	0,01	 	 	 	1,5	 	 	 	15	 
	Pyrene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,520	 	 	 	0,01	 	 	 	6,4	 	 	 	64	 
	Fluorene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,038	 	 	 	0,01	 	 	 	16	 	 	 	163	 
	Dilbenz(a,h)anthracene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,050	 	 	 	0,01	 	 	 	1,4	 	 	 	14	 
	Anthracene
	 	 	<0,005	 	 	 	<0,005	 	 	 	<0,005	 	 	 	<0,005	 	 	 	0,076	 	 	 	0,01	 	 	 	1,3	 	 	 	13,3	 
	Acenaftylene
	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	<0,05	 	 	 	0,01	 	 	 	43	 	 	 	410	 
	Acenaphtene
	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	<0,01	 	 	 	0,026	 	 	 	0,01	 	 	 	6	 	 	 	56	 
	PAH (sum of 10 VROM)
	 	 	<0,095	 	 	 	<0,095	 	 	 	<0,095	 	 	 	<0,095	 	 	 	2,90	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (sum of
16 EPA)
	 	 	<0,2	 	 	 	<0,2	 	 	 	<0,2	 	 	 	<0,2	 	 	 	3,90	 	 	 	—	 	 	 	—	 	 	 	—	 
	Heavy metals (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Arsenic (As)
	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	<10	 	 	 	12	 	 	 	50	 	 	 	300	 
	Cadmlum (Cd)
	 	 	0,620	 	 	 	<0,4	 	 	 	<0,4	 	 	 	<0,4	 	 	 	0,670	 	 	 	0,2	 	 	 	15	 	 	 	50	 
	Chromium (Cr)
	 	 	25,0	 	 	 	22,0	 	 	 	9,10	 	 	 	33,0	 	 	 	18,0	 	 	 	34	 	 	 	165	 	 	 	700	 
	Copper (Cu)
	 	 	13,0	 	 	 	8,20	 	 	 	<5	 	 	 	11,0	 	 	 	18,0	 	 	 	14	 	 	 	120	 	 	 	500	 
	Mercury (Hg)
	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	0,120	 	 	 	0,05	 	 	 	5	 	 	 	50	 
	Lead (pb)
	 	 	26,0	 	 	 	<10	 	 	 	<10	 	 	 	14,0	 	 	 	79,0	 	 	 	25	 	 	 	385	 	 	 	1360	 
	Nickel (Nl)
	 	 	21,0	 	 	 	18,0	 	 	 	<8,20	 	 	 	28,0	 	 	 	16,0	 	 	 	24	 	 	 	210	 	 	 	500	 
	Zinc (Zn)
	 	 	93,0	 	 	 	33,0	 	 	 	40,0	 	 	 	49,0	 	 	 	180	 	 	 	67	 	 	 	320	 	 	 	1300	 
	EOX (mg/kg)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	EOCI
	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	<0,1	 	 	 	0,110	 	 	 	—	 	 	 	—	 	 	 	—	 
	Other heavy metals(mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Cobalt (Co)
	 	 	7,80	 	 	 	6,50	 	 	 	<5	 	 	 	9,40	 	 	 	<5	 	 	 	—	 	 	 	—	 	 	 	—	 

			
	 	 	 
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	 	24

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]	 	[ILLEGIBLE]	 	[ILLEGIBLE]	 	VR	 	VS	 	VI
	Depth sample
(m bgl)
	 	 	0,10-0,50	 	 	 	0,10-0,50	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sampling date
	 	 	14/12/2009	 	 	 	14/12/2009	 	 	 	 	 	 	 	 	 	 	 	 	 
	Parcel n0
	 	 	0450 G 2	 	 	 	0450 G 2	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land Use Type
	 	 	V	 	 	 	V	 	 	 	 	 	 	 	 	 	 	 	 	 
	[ILLEGIBLE]
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Andore
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Dry matter (%(m/m))
	 	 	91,4	 	 	 	96,3	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Mineral oil (C10-C12)
	 	 	<3	 	 	 	<3	 	 	 	2,5	 	 	 	130	 	 	 	160	 
	Mineral oil (C12-C16)
	 	 	<5	 	 	 	<5	 	 	 	15	 	 	 	130	 	 	 	520	 
	Mineral oil (C16-C21)
	 	 	<6	 	 	 	<6	 	 	 	15	 	 	 	1250	 	 	 	2500	 
	Mineral oil (C21-C30)
	 	 	24,0	 	 	 	<12	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (C30-C35)
	 	 	19,0	 	 	 	14,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Sum C21-C30+C30-C35
	 	 	43	 	 	 	26	 	 	 	15	 	 	 	1250	 	 	 	2500	 
	Mineral oil (C35-C40)
	 	 	17,0	 	 	 	15,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	Mineral oil (GC)
	 	 	63,0	 	 	 	39,0	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Naphthalene
	 	 	0,017	 	 	 	0,012	 	 	 	0,1	 	 	 	2,58	 	 	 	25	 
	Benzo(a)pyrene
	 	 	0,130	 	 	 	0,056	 	 	 	0,01	 	 	 	1,3	 	 	 	13	 
	Fenantrene
	 	 	0,270	 	 	 	0,046	 	 	 	0,1	 	 	 	16	 	 	 	164	 
	Fluorantene
	 	 	0,420	 	 	 	0,059	 	 	 	0,01	 	 	 	47	 	 	 	475	 
	Benzo(a)anthracene
	 	 	0,150	 	 	 	0,041	 	 	 	0,01	 	 	 	1,5	 	 	 	15	 
	Chrysene
	 	 	0,140	 	 	 	0,045	 	 	 	0,01	 	 	 	6	 	 	 	60	 
	Benzo(b)fluorantene
	 	 	0,150	 	 	 	0,071	 	 	 	0,01	 	 	 	1,3	 	 	 	13	 
	Benzo(k)fluorantene
	 	 	0,075	 	 	 	0,028	 	 	 	0,01	 	 	 	4,7	 	 	 	47	 
	Benzo(ghl)perylene
	 	 	0,120	 	 	 	0,085	 	 	 	0,01	 	 	 	5	 	 	 	46	 
	Indeno(1,2,3-cd)pyrene
	 	 	0,120	 	 	 	0,042	 	 	 	0,01	 	 	 	1,5	 	 	 	15	 
	Pyrene
	 	 	0,280	 	 	 	0,044	 	 	 	0,01	 	 	 	6,4	 	 	 	64	 
	Fluorene
	 	 	0,032	 	 	 	<0,01	 	 	 	0,01	 	 	 	16	 	 	 	163	 
	Dibenz(a,h)anthracene
	 	 	0,021	 	 	 	<0,01	 	 	 	0,01	 	 	 	1,4	 	 	 	14	 
	Anthracene
	 	 	0,048	 	 	 	0,008	 	 	 	0,01	 	 	 	1,3	 	 	 	13,3	 
	Acenaftylene
	 	 	<0,05	 	 	 	<0,05	 	 	 	0,01	 	 	 	43	 	 	 	410	 
	Acenaphtene
	 	 	0,039	 	 	 	0,011	 	 	 	0,01	 	 	 	6	 	 	 	56	 
	PAH (sum of 10 VROM)
	 	 	1,50	 	 	 	0,420	 	 	 	—	 	 	 	—	 	 	 	—	 
	PAH (sum of
16 EPA)
	 	 	2,00	 	 	 	0,550	 	 	 	—	 	 	 	—	 	 	 	—	 
	Heavy metals (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Arsenic (As)
	 	 	<10	 	 	 	<10	 	 	 	12	 	 	 	50	 	 	 	300	 
	Cadmium (Cd)
	 	 	<0,4	 	 	 	<0,4	 	 	 	0,2	 	 	 	15	 	 	 	50	 
	Chromium (Cr)
	 	 	24,0	 	 	 	7,20	 	 	 	34	 	 	 	165	 	 	 	700	 
	Copper (Cu)
	 	 	31,0	 	 	 	<5	 	 	 	14	 	 	 	120	 	 	 	500	 
	Mercury (Hg)
	 	 	<0,1	 	 	 	<0,1	 	 	 	0,05	 	 	 	5	 	 	 	50	 
	Lead (Pb)
	 	 	47,0	 	 	 	<10	 	 	 	25	 	 	 	385	 	 	 	1360	 
	Nickel (Ni)
	 	 	18,0	 	 	 	7,20	 	 	 	24	 	 	 	210	 	 	 	500	 
	Zinc (Zn)
	 	 	370	 	 	 	50,0	 	 	 	67	 	 	 	320	 	 	 	1300	 
	EOX (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	EOCI
	 	 	<0,1	 	 	 	0,170	 	 	 	—	 	 	 	—	 	 	 	—	 
	Other heavy metals (mg/kg)
	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 	 	 	[ILLEGIBLE]	 
	Cobalt (Co)
	 	 	8,70	 	 	 	<5	 	 	 	—	 	 	 	—	 	 	 	—	 

Table 4-7 Analysis results groundwater samples

No groundwater samples are analysed.

			
	 	 	 
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5 DATA EVALUATION

This chapter describes per zone and source the results and formulated conclusions.

For a dear description of the parcels, zones, potential contaminating sources, drillings, wells
and sampling, reference is made to the previous chapters. There also an overview of the sensory
data and field measurements is given.

The gathered data shows no gaps.

Since the activities on the site started after 2000, eventual encountered contaminations which
can be linked with the activities on the site have to be considered as “new pollution”.

5.1 Evaluation status of contamination per zone

Paragraph 4.1.1. gives schematically the executed drillings per parcel and per zone. The
field observations and analysis results are discussed in the following paragraphs.

Unsuspected
zones (strategy 1; drillings 1, 2, 4, 5, 6, 8, 9, 10, 11 & 12)

According to Flemish regulations:

Three soil samples show concentrations only slightly above the striving levels for PAH and
two samples show a slightly elevated concentration above the striving level for mineral oil.
Almost all soil samples show elevated concentrations for heavy
metals, exceeding the striving levels. However, all concentrations remain well below 80% of the soil remediation levels for
industrial land use.

Since all
concentrations remain well below 80% of the soil remediation levels
for industrial land use, no further investigations are necessary and no further actions have to be taken.

According to Walloon regulations:

All
concentrations for mineral oil stay below the “Valeur
Référence”. Six soil samples show
elevated concentrations for PAH, slightly exceeding the “Valeur Référence”. Eight soil samples
show concentrations above the “Valeur Référence” for heavy metals of which one sample (3 (0,
10-0,50)) is slightly exceeding the “Valeur Seuil” for the heavy metal Zinc. However, all measured
concentrations stay well below 80% of the “valeur d’intervention”.

Since the analysis certificate mentions that sample 3 (0,10-0,50) has been grinded
cryogenically, it can be assumed that the sample consisted largely out of stone instead of soil.
The bore log affirms the presence of these stones. Considering this, it can be stated that the
result is not representing the state of the soil on the research site and the result can be
disregarded.

The groundwater is not investigated in this zone.

There are no indications for the presence of NAPLs (Non-Aqueous Phase Liquids).

No
contamination is detected in this zone.

There is no need for a descriptive soil investigation.

There is no need for precaution measures or for limiting the usage of this zone of the site.

5.1.1 Groundwater evaluation

In view of the facts that the lightly elevated zinc concentration in the solid phase is only
slightly above the “Valeur Seuil” and far below the 80%
level of the “valeur d’intervention” and
the fact that the groundwater is present more than 118 meters below ground level, it can be assumed
that the risk to the groundwater originating from zinc will be very unlikely.

			
	 	 	 
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5.2 Summary per zone

In the following table a schematic overview is given of the observed contaminations per zone.

Table 5-1 Overview contaminations

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Harmful	 	Parameter >	 	Soil/	 	nature	 	Precaution	 	Limitation of
	Parcel	 	Zone	 	activity	 	vs	 	groundwater	 	(1)	 	measures (Y/N)	 	use (Y/N)
	450 G 2

	 	Unsuspected
	 	—
	 	Zinc (*)
	 	Soil
	 	N
	 	N
	 	N

 

			
	(1)	 	H= Historic, G=Mixed, N=New
	 
	(*)	 	The Observed slightly elevated zinc concentration is most likely caused by the presence of
large ammounts of stones in the analyzed sample. Considering the fact that the sample has
been cryogenically grinded, it can be stated that the result is not representing the state of
the soil on the research site and the result can be disregarded.

			
	 	 	 
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6 SUMMARY AND CONCLUSION

On instruction of PROLOGIS BELGIUM III BVBA an explorative soil investigation is performed
on a site located in HERSTAL, Avenue du Parc Industriel 159.

The complete site consists of following cadastral parcels:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Municipality	 	 	Municipality N°	 	Section	 	Parcel N°	 	 	Surface (m2)
	 
	Herstal 7 DIV/LIERS/

	 	 	62051	 	 	A
	 	450 G 2
	 	 	37099	 

The
administrative data of instructors, owners and users are found in the pre-study (chapter
2).

The site is located in an industrial zone (Parc Industriel) 5 km to the north of the city Luik.
To the west an exit of the highway E313 Luik-Hasselt is found, to the south-east the A3 motorway.

The total industrial zone comprises an area of ca. 180 ha. The area is sold to small, medium and
large sized companies like ISPC International (food branch), Air Liquide SA (compressed gasses),
Eurofreins SA (car parts), Galliker Transports SA (transport company), HTC Wallonie
(tankcleaning), Techspace Aero (development of aeronautical
propulsion engines), ...

Nine groundwater extraction wells exist in an area of 2 km around the center of the research site.
As far as known, there are no protection zones for groundwater extraction located near the
research site. Close to the site are 3 creeks (2 situated at 370 meters from the site (to the east
and to the north-west side), 1 situated next to the southern site of the building at the research
site. Three small small surface waters are situated within 614 meters around the research site,
located to the east, west and north-west side of the site.

In 2000 the site was owned by S.P.I. (Service Promotion Initiatives en province de Liège, Rue
Lonhienne, 14 in 4000 Liège). During this period, the land was used as agricultural land (mainly
for cereals).

In 2001, ProLogis became owner of the terrain and the land was divided in 2 pieces (Lot I and Lot
II) with each a surface of app. 8 ha. On one of these parcels (Lot I) a building (Phase I) has
been constructed. The building was rented out in 2002 to the company “Skechers”, which uses it as
a depot and distribution center for shoes.

Construction of the second part of the building (Phase II) (on the second parcel (Lot II)
commenced in august 2008. The second part of the building has also been rented out to the company
“Skechers”, which is using it until present day.

As far as known, no accidental spills have occurred on the research site.

There has been a change of the soil profile: the terrain has been partly excavated for the
construction of the loading and unloading zones and for the construction of the foundations.
Underneath the concrete or other hardening materials, a layer of debris is used as foundation.

As far as known, no polluted soil is excavated, no soil remediation has occured, nor a
significant groundwater lowering was performed.

The terrain is used by the company “Skechers” as a depot and distribution center for shoes.

During the fieldwork, following soil profile was observed: beneath all asphalt hardening on the
terrain, an artificial, dark brown layer of sand was found until a depth of around 60cm. This
layer contained a lot of stone. Below the layer of sand, a more loamy brown layer was found. At a
lot of these drilling locations, it was impossible to get any deeper than 50-60cm: a very hard
impenetrable layer prevented any further drilling. At drilling locations where no hardening was
located on the surface the underground consisted of a brown layer of loam.

According to the “Walloon Geo-Environmental website” (OGEAD —
http://environnement.wallonie.be/cartosig/ogead/#) the groundwater can be qualified as vulnerable.

			
	 	 	 
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For an overview of the sampling strategy and the performed fieldwork and laboratory
research, reference is made to the summarizing table in the chapter “Sampling strategy”.

In the following paragraphs per cadastral parcel a conclusion is given.

6.1 Parcel: HERSTAL 7 DIV (62051), section A, parcel n° 450 G 2

In none of the soil samples, the soil remediation standards, or 80% of these levels, were
surpassed. 

There is no need to perform a descriptive soil investigation on the cadastral parcel.

There is no need for precaution measures or for limiting the usage of the cadastral parcel. 

For
this research sufficient information could be gathered.

6.2 General

According to Flemish regulations:

A few soil samples show concentrations only slightly above the striving levels for PAH and
mineral oil. Almost all soil samples show elevated concentrations for heavy metals, exceeding the
striving levels. Since all concentrations remain well below 80% of the soil remediation levels
for industrial land use, no further investigations are necessary and no further actions have to
be taken.

According to Walloon regulations:

One sample (3 (0,10-0,50)) is slightly exceeding the “Valeur Seuil” for the heavy metal
Zinc. All other concentrations are — at the very most — exceeding the “Valeur Référence”.

Since the analysis certificate mentions that the sample 3 (0,10-0,50) has been grinded
cryogenically, it can be assumed that the sample consisted largely out of stone instead of soil.
The bore state affirms the presence of this stone. Considering this, it can be stated that the
result is not representing the state of the soil on the site and the result can be disregarded.

No further investigations are necessary and no further actions have to be taken.

A groundwater investigation was not performed. However, it can be assumed that the risk to the
groundwater, originating from the observed slightly elevated concentrations for zinc, will be very
unlikely.

No contamination was observed.

There is no need for precaution measures or for limiting the usage of the cadastral parcel.

			
	 	 	 
	Steenokkerzeel — 4 februari 2010,

MAVA,
	 	

					
	 	 	 	 	 
	
	 	
	 	
	Timothy GEERTS, 

	 	 	 	Mark VAN STRAATEN,
	Project assistant.
	 	 	 	CEO.

			
	 	 	 
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	 	30

 

 

7 ANNEXES

	 	 	 

	ANNEX 7.1:

	 	Former and recent environmental permits
	ANNEX 7.2:  

	 	Certificates leak tests and soil/tank processing
	ANNEX 7.3:

	 	Technical sampling description
	ANNEX 7.4:

	 	Drilling logs
	ANNEX 7.5:

	 	Analytical methods and original analysis reports
	ANNEX 7.6:

	 	Results previous soil investigations
	ANNEX 7.7:  

	 	Evaluation values for non-normalized parameters

			
	 	 	 
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	 	31

 

 

ANNEX 7.1: Former and recent environmental permits

Permits were requested at the local authorities, but were not yet received at the time of writing the report.

			
	 	 	 
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	 	33

 

 

ANNEX 7.2: Certificates leak tests and soil/tank processing

Not applicable

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	35

 

 

ANNEX 7.3: Technical description sampling

Drillings and wells

Drillings are normally executed manually with a Edelman manual drilling set. On locations where
pavements/hard surfaces are present, first hole is made with a diamond drill. If the sub ground
contains significant debrit, a mechanical spiral drill is used.

On predefined places, the drillings are finished to wells. A HDPE-tubing is used with a diameter of
50 x 51,4 mm, and a filter length of 2 m. The different pieces are screwed together. The filter
element (standard length 2 m) is placed cutting the groundwater level, so that possible LNAPL
(light non aqueous phase layer) can be detected. The filter element is surrounded by a filter
stocking and fine gravel. Above the filter, the drilling hole is filled with clay over a
length of approx. 50 cm. The water in the wells is pumped directly after finishing.

Soil sampling

On the site a number of drillings are performed. Each 50 cm or when the soil composition is
changing, a sample is taken. For each drilling the organoleptically most contaminated sample is selected. When a contamination is not obvious or present, the
surface sample is selected. In the presence of underground potential contaminating sources, the
sample at the base level of this source is selected. Modifications of the sampling procedure are
always possible and if necessary are clarified in the report.

Groundwater sampling

Sampling of the wells takes place only at least a week after placement. The wells are pumped empty
thoroughly (5x its volume), after which a sample is taken with a peristaltic pump. During sampling
the temperature, conductivity and pH of the groudwater is measured for each sampling point.

The selected samples are sent for laboratory analysis within 24h.

The exact location of drillings and gauches is presented in a detailed plan of the site, which can
be found in annex 8.4.

			
	 	 	 
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	 	37

 

 

ANNEX 7.4: Drilling logs

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM BVBA HERSTAL
	 	39

 

 

	ALL SOIL ASSISTANCE
Boring: B1 Boring B2
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

	ALL SOIL ASSISTANCE
Boring: B3 Boring B4
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

	ALL SOIL ASSISTANCE
Boring: B5 Boring B5A
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

	ALL SOIL ASSISTANCE
Boring: B5B Boring B6
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

	ALL SOIL ASSISTANCE
Boring: B7 Boring B8
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

	ALL SOIL ASSISTANCE
Boring: B9 Boring B10
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

	ALL SOIL ASSISTANCE
Boring: B11 Boring B12
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

	ALL SOIL ASSISTANCE
Boring: B13
Project 09/865 Opdratgever: Mava Bodemonderzoek Locationam: projects- Haratel

 

 

ANNEX 7.5: Analytical methods and original analyses
reports

Analytical methods

Depending on the potential contamination, soil and groundwater samples are analysed for one or more
parameters which can be found in paragraph 3.3.

The analytical methods used are the following:

Soil

	 	 	 

	Extraction HF

	 	Microwave CMA 2/IIA.3.2
	Dry matter

	 	Gravimetry NEN 5747
	Organic matter

	 	Spectrometry ISO 14235
	Lutum content

	 	Sedimentation CMA 2/IIA.6
	pH (pH-KCI)

	 	Potentiometry Conform NEN 5750
	Mineral
oil

	 	GC-FID conform CMA 3/R
	EOX

	 	Microcoulometry Conform CMA 3/N
	PAH

	 	HPLC
	Heavy metals

	 	ICP-AES NEN 6426/CMA 2/ I/ B.1
	Mercury

	 	ICP-MS NEN equivalent to NVN 7324/EN1483
	 
	 	 
	Water
	 	 
	 
	 	 
	Mineral oil

	 	LV-GC-FID Own method/CMA/R.1
	Chlorinated hydrocarbons

	 	HS-GC-MS CF. NEN-EN-ISO 10301/ CMA 3/E
	MAH (BTEX)

	 	HS-GC-MS Conform ISO 11423-1 / CMA 3 / E
	Heavy metals

	 	ICP-MS Cf. O-NEN 6427/Equivalent to EN 11885
	Mercury

	 	ICP-MS Equivalent to NVN 7324/EN 1483

A complete overview of the work flow for sampling and analysis can be found in chapter 4 and
accompanying annexes. More detailed information and description of the analytical methodology used
can be found in the “Compendium for Sampling and Analysis in execution of the Decree on Waste
Materials and on Soil Remediation” (CMA), edited by OVAM (KB dd 27/09/2002).

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	41

 

 

	MOVR Bodeaonderzoetc NV T.a.v. Sigrid Willeas Gorislaan *» B — 1820 steenofckerzeei
BEIGIE            Analysecftrtificaort            Datun: 24-12-2009 Riorbij ontvangt u ds
resultatan van net navofgende laboratoriunondtrzoak. Certificootnunner 2009200031
Uw projactnuniaar 09/84S Prologis            Uw projectnaon o?/«dS »0 Prologis Horstol
Uw ordornuMtr 09/8oB Prologis            Monster(s) ontvengen 14-12-2009 Dit certifltaot
nag uitsluitend in iijn geheel worden gereprodueoord. Aonvullendo inforaatio behorenn bij
dit anolysecertifieoot k’unt U vlnden in het ovarzicht “Spaeifkaties            flnolyseBethodon”.
Extra exenptaran zijn verferijgboar bij do afdeling Vorkoop on Rdries. Dc grondnonsters
worden tot t woken na datun ontvangst gakeetd, beweard on watornonttars tot 2 woken no datum
ontvangst. Zonder teganbericht word en de sionsters nadien afgevoerd. Indian da ¦ ousters
langar bewoord dienen to blijvah varzdakan wijU dit oxeraplaar uitarl(jk 1 waak voor afloop van da
standaardbawaarparioda ondertekend oan on* to rotoumoran. Voor de kosten van hot langar bewaren van
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	Belgium            Analysecertificaat            Vw projectnuaner o?/8«5 Proloais
CartiftceatnuBiaer 2007200032 Ow projectnaan 09/8*5 EBO ProJogis lUrstal Startdetun
17-12-2009 Uw ordemunner 09/84B Proloais Reppertagedotuis 24-12-2009/07:03 DatUH
umttmoi 14-12-2009 Bijtage fl,C            Monstemener RSfl Pagina 1/4 •nalyte ~ Eenfaeid i
2 J * 5 Voofneaandeliag            q Cryogeen eaten Uitgevoerd            Bodemkandig*
analyses            Q Drogestof K(n/si) 84.0 92.1 91.4 94.3 94.4 H«t«fM            Q flrteen
(As> Mg/kg ds <10 <10 <10 <10 <10 q Cadniun(Cd) «g/kg dt <0.40 0.47
<0.40 <0.40 <0.40 Q Kebalt (Co) mg/kg dt 9.4 <5.o 8.7 <»,© <5.0
0. Chroon (Cr) og/kgdt 33 18 24 7.2 9.1 Q Kop«r(Cu) ng/kgds 11 18 31 <S.0
<5.0 q Kwik(Hg) ng/kgds <o.io 0.12 <0.10 <o.i0 <0.10 Q Nikkei
<Ni) mg/kg dx 28 14 18 7.2 8.2 q LoadCPb) eg/kg dt 14 79 47 <io <io            q
ZinkCtn) mg/kg ds 49 180 370 CO 40 Mineral* die            Minerale olie (C10-C12) ng/kgds —
4.1 <3.0 <3.0 Mineral* olie (C12-C14) ng/kgds — <S.O <S.O <5.0
Mineral* olie (C14-C21) mg/kg dt •• 9.3 <4.0 <4.0 Mineral* oli* (C21-C30) ag/kg
dt •• 30 24 <12 Mineral* oH* (C30-C35) mg/kg d> « 22 19 14 Minerale oil*
(C35-C40) mg/kg dt — 13 17 if            Q Minerale olie totaal (C10-C40) ag/kg ds <38 100 43 39
<38 Chronatogran olie (6C) Zie bfjl. Ziebtjl. Zlebijl. Somparomst*!*
organobatogeee vefbladingen 0. E0X mg/kg ds <0.10 0.11 <0.10 0.17 <0.10
Polycyclisdhe Aroma tische Koolwaterstoff «n, PflK            q Naftaleen ng/kgds <0.010 0.045
0.017 0.012 <0.010 q ftcenaftyleen ng/kgds <0.050 <0.050 X0.0S0 <0.050
<O.OS0 Q fleenafteen ng/kgds <0.010 O.024 0.039 O.Oll <0.010 0. Fluoreen
ng/kgdt <0.010 0.038 0.032 <0.010 <0.019 Q Fenanthreen ng/kgdt <o.oio 0.34
0.27 0.044 o.03l            Q flnthraeeen ng/kgds <0.0060 0.074 0.048 0.OO75 <0.0050 q
Fluoranttieen ng/kgds <0.010 0.72 0.42 COS? <0.010 q Pyreen ng/kgds <0.010 0.E3
0.28 0.044 <0.010 q B«nz<>(a)anthr«c**n ng/kgdt <0.010 0.37 0.15 0.041
<0.010 Mr. Kontteromteb.Ijving »naly*ico-nr. 1(1,50-3,00) 3135814 2(0,10-0,40)
8158817 3(0,10-0,50) 5136818 4(0,10-0,50) 8135819 5(0,10-0,80) 8135820 V door KM OMcertAtMftf*
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	I Belgium ftnalyseeortificaat U* projactnuaaor 09/865 Proloflls Certiftcewtnumitur
»00?200032 Uw projcctnaejs , 09/845 EBO Prologis Kopstal Stortdotua i7-12-2009
Uwordvrnuanor 09/845 Prolosis Ropportogedatum 24-12-2009/09:03 Dcrtun norvsternoae
14-12-2009 Bijiag* B,C            Monsternomer ASfl Pagina 3/4 analyse Eenheld i 2 3~~ 4
i 0, Chfyseen ng/kg ds <0.0i0 0.31 0.14 0.04S 0.011 O. 3»Rio(b)fluoponth»»n
ng/kg ds <0.010 0.34 0.15 0.071 0.016 q Benzo(k)fluoranth*on ng/kg ds <0.0io 0.16
0.073 0.02* <0.010 Q Benu>(a)pyr«en ng/kg ds <0.0tO 0.30 0.13 0.034 0.011
0, Dibonsfl(flfi)onthr«cecn ng/kg ds <0.010 0.0S0 0.021 <0.010 <0.010 Q
Beri20(ghi)p«ry!ttn ng/kg ds <0.010 0.22 0.12 0.035 <0.010 Q Xnd*no(123-cd)pyreen
rag/kg ds <0.010 0.14 0.12 0.042 <0.010 Q PfiK Totocl EPS (14) ng/kg ds <0.20 3.?
2.0 0.55 <0.20 Y7\ 1 PBKTotoolVR0M(10) ng/kg ds <0.09S 2.9 1.8 0.42 <0.09S
Mr. Monst«rom*dirgvmg Bnalytico-iir. 1(1,50-2,00) 5135516 2 (0,10-0,40) 5135817
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	t Belgium            Analysacertificaat 11* projeetnunner 09/666 Prologil
Certifieaatnumnier 2009200032 Uw proj*ctnaan 09/8*5 E80 Protogls Herstot Startdatun
17-12-2009 Uwordemunner 09/665Prolog!* Uopportaaedatun 24-12-2009/09:03 Datim
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s*. 9 Hetalcn            Q B.(seen(Bs) ag/kgds <10 <10 <I0 tl <lo            Q
Cadaiua(cd) ng/kgds <0.*0 0.62 <0.40 l.S <0.40 q Kobolt (Co) ng/kgds 6.1 7.6 6.6
7.6 8.2 Q ChraOR<Cr) ng/kgds 34 25 22 SO 17 .—s Q Kop*r(Cu> ng/kgds 12 13
6.2 16 6.6 V_X Q Kwik(Hg) ag/kgds <0.10 <0.10 <0.10 <0.10 <0.10 Q
Nikkei (NO ag/kgds 26 tl 16 tl 1* 0. lood(Pb) ng/kgds <10 26 <10 66 <10
Q Unk(Zn) ng/kgds 46 93 S3 160 27 NtawaU «¦¦ Mineral* oHe (C10-C12) ag/kg
ds            Mineral* olie(C12-C16) «g/kg at            Mineral* oil* (C16-C21) Bg/kg ds
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<38 Somparameter organohcriogeen verbindingea 9. tox ng/kgds <0.10 <o.io
<o.io O.ts <o.lO            Pelycydlsca* firemotisehe Koorwotcrstoffen, PSK            q
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ng/kgds *o,oso <o.oso <o.obo <o.oso <o;oso 0,
Beenefteen ng/kgds <0.010 <0.010 <0.010 <0.010 <0.010 -Sgv q Fluoreen
ng/kgds <0.010 X0.010 X0.01O <0.010 <0.010 1§A» q Fenanthreen ag/kgds <0.010
<O.0lO <0.0iO 0.047 -(0.010 q nnthraceen ag/kgds <0.00SO <O.OOS0 <0.OO5O
0.0090 <O.0OS0 q Nuoranthetn ag/kgds <o.oio <o.0io <o.oio o.ib
0.019 q Pyreen ng/kg ds <0.010 <0.010 <0.01O 0.11 <o.010 q
Benzo(a)emthrac*en ng/kgds XO.olO <0.010 <0.OlO 0.088 <0.oi0 q Chrysecn ng/kgds
<0.010 <0.010 <0.0iO 0.063 <0.010 q B*nzo(b)f1uoranth**n ng/kgds <0.010
<0.010 <0.01O 0.11 <o.0lo            q Benzo(k)fluorantheen ng/kgds <0.010 <0.010
<0.01C 0.048 <0.010 Mr. Montteromschrljvlng Anolytieo-nr. 6(1,50-2,00)
5135821 7(0,00-0,60) 5135822 6(0,00-0,50) B13B823 9 (0,00-0, BO) B136B24 10(1,60-2,00) 5135625
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	I Belgium Rnelysecertiflcaat Uw pro>ctnoo>B)«r Q9/S6S Prc-logl*
C«rtificaatnunn*r 2009300039 Ow jjrojeetnaoit 09/8o5 EB0 Prologis Hersto.1 Stortdotim
17-12-0009 Uw ord-rnummer 09/8SS Prol-als Rapportagedotuo. 24-12-8009/09:03 Datum
nonstemame 14-13-2009 Bijlagt fi,C            MoRStornaaer RSfl Pagina */6 ___icnhefd 1 7
~ i T~ to            Q B»nio(a>pyr-en ng/kg ds <0.010 <0.01Q <0.010 0.085 <0.010
Q Dfbon.o(ah)-nthrac.*n rag/kg d* <0.010 <0.010 <0.010 <0.010 <0.010 0.
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ng/kgds <0.09S <0.09S <0.09S 0.51 <0.09B            b ,,r.
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	I Belgium            Aitalysecmrtificaat            Uw prtjortnUBmef 09/865 Prologis
Certifleaatnuroroer 3009200033 Uw projectneen 09/845IBO Prologis Herstcl Startdotyn
17-12-3009 Uw ordernummer 09/845 Prelaws Ropportogedetun 24-12-2009/09:03 Datum
monst*rna«* i*-i2-aoo? aijlog* B,C            Monstemener SSfl Pagina 5/6 analyst Eenheld 11
12 Bodemkandlge analyse* Q Drerjestof %(n/n) 02.3 8*. 7 Hatelan
q firseen (Hs) ng/kg ds <io <10 q Cadmium <Cd> ng/kg ds 1.5 <0.40
Q Cobalt (CO) ng/kg ds 0.9 9.0 Q Chroom (Cr) mg/kg ds 32 34 /~\ q koper (cu)
mg/kg it 17 11 W q Kwlk(Hg> ng/kg ds 0.13 <O.10 q Nikkei (Mi) ag/kgdt 19
26 q load 0»b) ng/kg ds OS 13 q Jink Ctn) ng/kg ds 180 48 Mineral*
alia            Mineral* all* (C10-C12) mg/kg ds            Hinerale oil* (C12-C1.) mg/kg ds
Mineral* oli* (C16-C21) mg/kg ds            Mineral* olie (C21-C30) ng/kg ds            Mineral*
olie (CS0-C3S) ng/kg ds            Mineral* olie (CSS-C40) Mg/kg ds            q Mineral* oik totaal
(ClO-CdO) mg/kg d* <3« <38 Somporameter organohologeea vcrbindingen            q EOX
mg/kg ds <0.10 <0.10 Pciycyclische flromotistlie Kooiwaterstoff en, MK            q
Maftaleen ng/kg ds <0.01O <0.010 q ftcenaftyteen mg/kg ds <9.0$o <o.oso
q ac*naft*en mg/kg ds <0.010 <0.010 a q Flueraen ng/kg ds <0.010
<0.010 q ‘enenthreen mg/kg ds 0.042 <0.010 q Rnthreeeen mg/kg ds <O.00S0
<0.0050 q Nuoronthenn ng/kg ds 0.O04 <0.010 q Pjrreen mg/kg ds 0.040
<O.O10 q Benz«(a)anthrae«*n mg/kg ds 0,043 <0.010 q Chryseen mg/kg ds 0.050
<0.010 q Benz*(b)flu*ranthe*n mg/kg ds 0.054 <0.010 q B«n»(k)flueronth*en
mg/kg ds 0.024 <o.Olo            Hr. HonsteromscbrQvlng Hnelytiee-nr. 11 11(0,00-0,50)
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Startdotun I7-12-200? Ow ordernuamer 09/8«S Prologit Ropportagsdotura
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<0.W6 © Mr. Monstaromscbrijvtog BooJytleo-»r. 11(0,00-0,80) S13S828
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crushen Cf. HVR 7313 Droge«tof W010< S/ovimetri* Sw. NEN-ZSO IWlM CMfl 2/ZI/R.i
AES/XCP Rrseen (As) W0417 XCP-MS Cf. MEM »Mo «Hcf.CM8 2/X/B.l            RES.1CP Cadmium (C«J>
WO/17 ICP-flES Cf. MEN 6966 e« cf.CMft 2/I/B.l            RES/JCP Cobfllt (Co) W0417 ICP-fiES Cf. NEH
«9« Oft ef.CMfl 2/I/B.l            RES/1CP ehroom(Cr) W0417 ICP-flES Cf. NEH 6966 en ttf.CMfl
2/Z/B.l            RES/ICP Keper(Cu) W0417 ICP-flES Cf. HER «•?« en cf.CMR S/X/B.i            SES/ZCP
Kwik (Hg) W0417 ICP-RES Eigon BOthodo / ««lljkw. EH UB3: 1»?7 i.b. SSS/ICP Nikkei (NO
W0417 ICP-ftES Cf. M8UM4 en ef.CMfl 2/I/B.i            RES/ICP lood(Pb) W0417 ICP-RES Cf. SEN«.9«o on
ef.CKfi 2/1/6.1 ftES/ICP Zink (Zn) W0417 XCP-BES Cf.’ttNM’Manef-.CMA’9/X/B.l
Mineral* Oil* (GO W0202 GC-FZD Eigan method* Chfonotogrem MO («C) W0202 GC-FID Eigen
»*thod* EOX W03S1 Kierocouloaetrie Eigon method* ___PBK (EPS) WOSOi HPIC Cf. NEW
«»77 vj            Nader* informotie over do toegeposte Oftderzeektnethoden altmede een
elosslficotie von 4c neetonzekerheid ttaan vermeld in ons ovenjcht “Speelfieatles analyseaetheden”,
versie juSi 200?. @ tvreflnt flnalrtlco B.V. aH»9*iU-il T*l. ?« (0>M
M2 63 00 KMTIMM)IIII7«414 suiefins Bnoljtkio I.V. i« J»« »oot: »»«« j«»rtHlc»»rtl doorUoyd-s
*7»» ¦• HnmU laxtumzt 2i2*3*> vht/bTVNo.
a5R«n«riten<id<»rhttv)ooo»»o«w«:t<9V»ni«iieop, ax), P.O. Box*i»
e-e«0 Nf»©onaljt!eo.coD uui!.u.H3,Bii hot (nuMfe* smst IWfc be« wooljo ««wort«o«Ke-SKt)
w»» M mmM HI site www.onotrtico.coa (vxno. atdmiz en 4o« dto».ro«dtn wn frenKrg* «o liuonbu/c.
CNM>.

 

 

	EUROFINS BELGIUM
CHROMATOGRAM TPH/MINERAL OIL SAMPLE ID 5135817
CERIFICATE NO:-2009200032
SAMPLE DESCRIPTION 2(0,10-0,60)

 

 

	EUROFINS BELGIUM
CHROMATOGRAM TPH/MINERAL OIL SAMPLE ID 5135818
CERIFICATE NO:-2009200032
SAMPLE DESCRIPTION 2(0,10-0,60)

 

 

	EUROFINS BELGIUM
CHROMATOGRAM TPH/MINERAL OIL SAMPLE ID 5135819
CERIFICATE NO:-2009200032
SAMPLE DESCRIPTION 2(0,10-0,60)

 

 

ANNEX 7.6: Results previous soil investigations

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	43

 

 

	 	 	 	 	 

	

	 	GEDAS
	 	Project number: 03/3043
	 
	 	 	 	 
	 

	 	 	 	Drafted by MC

6. EVALUATION OF ANALYTICAL RESULTS

Results from laboratory analyses show slightly elevated concentrations of nickel, zinc, lead and
PAH’s above the Vlarebo-Background values. However, all of the concentrations are lower than 80% of
the Intervention Value for type II soil (= agricultural land), which means that no additional
investigation is necessary. The Vlarebo Intervention Values are never reached.

No
concentrations exceed the Walloon Background Values.

According to the procedure of the OVAM (Vlarebo), a conclusion has to be made for every separate
parcel. Since the site is located in Liege, no soil certificate is necessary, therefore one
conclusion is made for the whole site.

The conclusion can be summarized in the following statements:

	 	•	 	according to the current legislation there is no contamination above the intervetnion
values on the site
	 
	 	•	 	no additional soil investigation should be conducted on the site
	 
	 	•	 	the slightly elevated concentrations of heavy metals are natural background values, and
of no concern
	 
	 	•	 	the parcels should not be registered as ‘polluted soils’
	 
	 	•	 	no remedial action is necessary

Based on the soil analysis no further soil and groundwater investigation or remedial actions
are recommended.

Recognized soil remediation expert

ir. Nico Bergmans

 

 

8 MAPS

	 	 	 

	ANNEX 8.1:

	 	Topographical map
	ANNEX 8.2:

	 	Cadastral data
	ANNEX 8.3:

	 	Colouring of the research site according to land use
	ANNEX 8.4:

	 	Detailed map research site
	ANNEX 8.5:

	 	Detailed map detected soil contamination
	ANNEX 8.6:

	 	Detailed map detected groundwater contamination

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	47

 

 

ANNEX 8.1:  Topographical map

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	49

 

 

ANNEX 8.2: Colouring of the research site according to
land use

			
	
Project
09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	
51

 

 

ANNEX 8.3: Cadastral data

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	53

 

 

 

 

	SFF Finances
Adminietration GMnh da ta Documentation Patrimonial - Cadaatra

 

 

ANNEX 8.4: Detailed map research site

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	55

 

 

 

 

ANNEX 8.5: Detailed map detected soil contamination

Not applicable.

			
	 	 	 
	Project 09/865 — ESI PROLOGIS BELGIUM III BVBA HERSTAL
	 	57

 

 

ANNEX 8.6: Detailed map detected groundwater
contamination

Not applicable.

 

 

Appendix 3.3

Groundwater data

 

 

Data concerning groundwater abstraction

			
	 	 	 
	Underground Water
	 	Page 1 of 1

Visualisation of geocentric approach

	 	 	 	 	 	 	 	 	 	 	 	 	 

	Definition of research circle :
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Coordinates of centre X :
	 	 	235414 M	 	 	 	 	 	 	 	 	 
	Coordinates of centre Y :
	 	 	154656 M	 	 	 	 	 	 	 	 	 
	Radius :
	 	 	2100 M	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Accessible entities :
	 	 	 	 	 	 	 	 	 	 	 	 
	- Underground water supply points drinkable in operation :
	 	 	 	 	 	 	O	 	 	 	0	 
	- Underground water supply points non drinkable in operation :
	 	 	 	 	 	 	O	 	 	 	3	 
	- Underground water supply points not in operation :
	 	 	 	 	 	 	O	 	 	 	3	 
	- Piezometers :
	 	 	 	 	 	 	O	 	 	 	0	 
	- Surface water supply points drinkable :
	 	 	 	 	 	 	O	 	 	 	0	 
	- Polluting premises :
	 	 	 	 	 	 	O	 	 	 	1	 

	 	 	 	 	 

	Map display :
	 	 	 	 
	 
	Normal format
	 	A4 format
	 	A3 format

 

 

Geocentric Ten under Radiua 2.1 Km

     Géocentrique Dix-sous Rayon 2,1 Km

 

     

- Underground water supply points drinkable in operation:

- Underground water supply points non drinkable in operation :

- Underground water supply points not in operation :

- Piezometers :

- Surface water supply points drinkable :

- Polluting premises :

http://dgrne.intra.mrw.w.../esrimap.dll?name=Carto&cmd=Point&usr=SMAL&frmt=A 27/12/2000

 

 

GEOCENTRIC APPROACH

RESEARCH CENTRE COORDINATES : X – 235,414 M ; Y = 154,656 M. RADIUS= 2,100 M

UNDERGROUND WATER SUPPLY POINTS IN OPERATION

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	DIR. X(M)	 	 	 	 	 	WORK	 	USE	 	OPER.	 	ZONE	 	LAYER	 	CONTACT
	DISTANCE	 	HOLDER	 	Y(M)	 	TYPE	 	CODE	 	CODE	 	CODE	 	PREV.	 	CODE	 	NAME & TEL
	 
	1,088	 	N-O 234.910	 	155.620	 	PF	 	42/2/1/03	 	32	 	10	 	N	 	0	 	WINAND JOSEPH
	 	 	WINAND JOSEPH	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	04/278.50.16
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1,119	 	O 234.350       	 	154.310	 	PF	 	42/2/4/001	 	31	 	50	 	N	 	305	 	 
	 	 	SMASH SC	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1,747	 	E 237.153       	 	154.484	 	PF	 	42/2/5/002	 	24	 	50	 	N	 	0	 	MARC BRONCKAERS
	 	 	R MC S.A.      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	04/278.10.37
	UNDERGROUND WATER SUPPLY POINTS NOT IN OPERATION

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	DIR. X(M)	 	 	 	 	 	WORK	 	USE	 	OPER.	 	ZONE	 	LAYER	 	CONTACT
	DISTANCE	 	HOLDER	 	Y(M)	 	TYPE	 	CODE	 	CODE	 	CODE	 	PREV.	 	CODE	 	NAME & TEL
	 
	755    	 	S-E 236.050	 	154.250	 	PT	 	42/2/4/002	 	 	 	 	 	 	 	305	 	 
	1,143	 	O 234.300      	 	154.400	 	PT	 	42/2/4/003	 	 	 	 	 	 	 	305	 	 
	1,809	 	N-E 236.170	 	156.300	 	PT	 	42/2/1/001	 	 	 	 	 	 	 	305	 	 

Wednesday 27 December 2000 10.22.36

 

 

POLLUTING PREMISES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DISTANCE	 	 	DIR	 	 	X(M)	 	Y(M)	 	 	OPERATOR	 	 	 	 	 	 	WORK	 	 	TYPE	 
	 	 	 	 	 	 	 	 	PLACE KNOW AS OR NAME
	 	 	 	 	 	 	 	 	 	TELEPHONE	 	CODE	 	 	 	 
	 	 	 	 	 	 	 	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1,410	 	 	 	S	 	 	235.800
	 	 	153.300	 	 	AXIMA S.A.	 	 	 	 	 	 	43/2/4/001	 	 	TOX
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	041/78.85.39	 	 	 	 	 	 	 	 	 

 

 

LISTE OF WATER USE CODES

	 	 	 	 	 	 	 
	Code	 	Description	 	Taxable	 	Fee
	00	 	Indeterminate
	 	Y	 	Y
	01	 	Test pumping for a time not exceeding 12 months
	 	Y	 	Y
	02	 	Temporary pumping/Public or private civil engineering work
	 	Y	 	N
	11	 	Public supply
	 	Y	 	Y
	12	 	Bottling source water or natural mineral water
	 	Y	 	Y
	13	 	Water production for heating
	 	Y	 	Y
	14	 	Human consumption, except for private use (household)
	 	Y	 	Y
	15	 	Manufacturing foodstuffs
	 	Y	 	Y
	16	 	Drink industry
	 	Y	 	Y
	17	 	Rinsing and cleaning in drink industry
	 	Y	 	Y
	18	 	Baths, showers, swimming pools or other similar plant
	 	Y	 	Y
	21	 	Industrial manufacture of a non foodstuff
	 	Y	 	Y
	22	 	Washing and preparation of a product or raw material
	 	Y	 	Y
	23	 	Cooling of plants and refrigeration
	 	Y	 	Y
	24	 	Cleaning premises and/or equipment
	 	Y	 	Y
	25	 	Steam production
	 	Y	 	Y
	31	 	Agriculture – Horticulture — Arboriculture
	 	Y	 	Y
	32	 	Livestock farming
	 	Y	 	Y
	33	 	Fish farming
	 	Y	 	Y
	41	 	Supply for a pond, swimming pool, fountain
	 	Y	 	Y
	42	 	Domestic and sanitary use
	 	Y	 	Y
	51	 	Car wash
	 	Y	 	Y
	52	 	Hairdresser – washing — laundry
	 	Y	 	Y
	61	 	Heat pump
	 	Y	 	Y
	62	 	Geothermal pumping for collective heating – Public buildings
	 	Y	 	N
	71	 	Use in an institution with non contagious patients
	 	Y	 	Y
	81	 	Property protection
	 	Y	 	N
	82	 	Discharge height
	 	Y	 	Y
	83	 	Demergement
	 	Y	 	N
	84	 	Fire service
	 	Y	 	N
	91	 	Artificial refilling of watertable
	 	Y	 	Y
	95	 	Water supply point used as piezometer
	 	N	 	N
	96	 	Old water supply point filled in
	 	N	 	N

 

 

LIST OF TYPES OF WORK

	 	 	 
	Code Type	 	Description
	CA

	 	Quarry
	DR

	 	Drain
	ES

	 	Surface water
	FO

	 	Excavation
	GF

	 	Hillside tunnel
	GP

	 	Tunnel accessible by shaft
	GX

	 	Tunnel to de determined
	MI

	 	Mine
	PF

	 	Sunk shaft
	PM

	 	Mine shaft
	PN

	 	Natural shaft
	PT

	 	Traditional shaft
	SE

	 	Source at emergence
	X

	 	To be determined

 

 

LIST OF WATER TABLES

	 	 	 
	Table	 	Labelled
	000

	 	Unknown or non existant
	100

	 	Quaternary undifferentiated
	101

	 	Sea dunes
	102

	 	Sea plains (Polders, Yser, Waardamma)
	103

	 	Flemish valley (Pleistocene, Bruges, Gand, NL border, Gand-Terneuzen)
	104

	 	Thalwegs de l ; Escaut and tributaries
	105

	 	Peaty alluvia of the Haine Valley
	106

	 	Thalwegs de la Meuse and tributaries
	107

	 	Meuse Valley terraces
	108

	 	Senne Valley alluvia
	109

	 	Merksplas sands
	110

	 	Pea bog layer
	111

	 	Mol and Brasschaat (Moseen) sands + Campine sands
	201

	 	Lillo and Poederlee formations
	202

	 	Formations of Kattendijk and Kasterlee
	203

	 	Miocene sands (Diestien, Anversien, Bolderien) + (Berchem, Genk, Houthalen)
	204

	 	Chattien sands (Boncelles)
	205

	 	Inferior Rupel Sands (Berg Sands)
	206

	 	Tongeren Sands (Neerepen Sands)
	207

	 	Kallo Complex (S3 or S2)
	208

	 	Kallo Complex (S1, Asse Sands)
	209

	 	Ledo-panisiliens and Ledo-bruxelliens Sands (Lede – Bruxelles – Vlierzele – Aalter)
	210

	 	Brussels sands
	211

	 	Ypres sands
	212

	 	Undifferentiated Landenien
	213

	 	Sands from the upper Landenien L2
	214

	 	Glaucoferes Sands of the lower Landenien L1
	215

	 	Tufa-stone of the Landenien
	216

	 	Heersiennes marl (marl gelinder and sands of Orp)
	301

	 	Maastrichtiens Tufa-stone of the Geer
	302

	 	Captive groundwaterof the Maastrichtien
	303

	 	Captive chalks of Brabant and the two Flanders
	304

	 	Chalks of the Mons basin
	305

	 	Hesbaye chalks
	306

	 	Cretaceous undifferentiated of the Pays d’Herve
	307

	 	Pays d’Herve Chalks
	308

	 	Sands of Aachen in Pays d’Herve
	309

	 	Cretaceous basin of Paris
	401

	 	Bajociens Limestone
	402

	 	Undifferentiated Virtonien
	403

	 	Macignos Virtonien (Macignos of Aubange and Messancy)
	404

	 	Sands and gres of Virton ( Lower Virtonien vra)
	405

	 	Undifferentiated Sinemurien
	406

	 	Sinemurien : development of Orval
	407

	 	Sinemurien : development of Florenvielle
	501

	 	Sands and Pudding-stones
	601

	 	Conglomerate of Stavelot
	701

	 	Undifferentiated carboniferous soil
	702

	 	Phtanite of the Namurien
	703

	 	Carboniferous Limestone of the Tournaisis (Mouscron – Pecq – Tournai)

 

 

	 	 	 
	Table	 	Labelled
	704

	 	Carboniferous limestone of northern edge of Namur basin
	705

	 	Carboniferous limestone of southern edge of Namur basin
	706

	 	Carboniferous limestone of the Vesdre massif
	707

	 	Carboniferous limestone of the Dinant bassin
	708

	 	Borinage geothermal carboniferous limestone
	709

	 	Campine carboniferous limestone
	801

	 	Devonian limestone of the northern edge of Namur basin
	802

	 	Devonian limestone of southern edge of Namur basin
	803

	 	Devonian limestone of Vesdre massif
	804

	 	Devonian limestone of Dinant basin
	805

	 	Montainous Schistocyte mass of the Ardenne (Gedinien, siegenien, emsien, couvinien)
	806

	 	Montainous Schistocyte mass of the Ardenne (Frasnien, Fammenien)
	807

	 	Montainous Schistocyte mass of Dinant Basin (Gedinien, siegenien, emsien, couvinien)
	808

	 	Montainous Schistocyte mass of Namur Basin (Frasnien, Fammenien)
	809

	 	Montainous Schistocyte mass of Vedre Basin (Frasnien, Fammenien)
	810

	 	Montainous Schistocyte mass of Dinant Basin (Frasnien, Fammenien)
	901

	 	Calmbro-silurien of the Ardenne : Superficial weathering groundwater
	902

	 	Calmbro-silurien of the Ardenne : groundwater of the deep cracks
	903

	 	Calmbro-silurien of the Brabant massif : Superficial weathering groundwater
	904

	 	Calmbro-silurien of the Brabant massif : groundwater of the deep cracks
	905

	 	Carbo-gaseous mineral waters

 

 

Appendix 3.4

Industrial Zoning

 

 

	 	 	 	 	 

	

	 	GEDAS
	 	Project number: 11/15/1844
	 

	 	 	 	Drafted by MC

	 	 	No copies of the exploitation permits were available in Herstal during the visit.

	 	 	According to the authorities no specific environmental problems were noticed except for some
complaints concerning noise. These were complaints from the local inhabitants to global transport
noise.

	 	 	The surrounding companies are:

	 	•	 	Techspace aero S.A.

Route de Liers, 121

4041 Milmort

T: 04/278.81.11

F: 04/278.52.07

			
	Activity:	 	Production of aircraft engines and treatment of waste products related with the
production process. The activities are present since 30 to 40 years. No particular
problems were ever noticed.

	 	 	 	Number on the Site Map: 103
	 
	 	•	 	Weerts
	 
	 	 	 	No adress available. This is a completely new site, still under construction.

The activity of
the site will be the transport of chocolates 
	 	 	 	Number on the Site Map: Indicated as Weerts on
the Site Map
	 
	 	 	 	Other companies in the neighbourhood.
	 
	 	•	 	L’air liquide Belge S.A.

Avenue du parc industriel, 2

4041 Milmort

T: 04/287.78.78

F: 04/278.67.47

			
	Activity:	 	Filling up canisters with industrial gases

The activities are present since 6 à 7 years. No problems were
ever reported.

	 	 	 	Number on the Site Map: 102
	 
	 	•	 	Gar. Collette Sprl (Mitsubishi)

Route de Liers, 122

4041 Milmort

T: 04/278.58.16

F: 04/278.71.14

			
	Activity:	 	garage

	 	 	 	Number on the Site Map: Not indicated
	 
	 	•	 	Galliker Transport & Logistics

Avenue du parc industriel

4041 Milmort

T: 04/287.01.01

F: 04/278.03.03

			
	Activity:	 	The company is active in the transport
sector. Activities are present
since 1985-1990.

	 	 	 	Number on the Site Map: 101

 

 

			
	 	 	 
	
	GEDAS	           Project number: 11/15/1844

Drafted by MC

	 	•	 	ISPC

Route de Liers, 125

4041 Milmort

T: 04/278.92.92

			
	Activity:	 	A wholesale business (+ transport) in horeca requirements (food, cooking
utensils, etc. ). The company is located on the site since 2 years.

	 	 	 	Number on the Site Map: 129
	 
	 	•	 	Van Dijck S.A. 

Route de
Liers, 4-6 
4041 Milmort

T: 04/278.73.25
 F:
04/278.06.37

			
	Activity:	 	Production of clinckers

	 	 	 	Number on the Site Map: Not indicated on the Site map

	 	 	Based on the review available documentation and the site visit, the current use of the surrounding
properties do not seem to represent any risk of potential contamination of the Site.

 

 

 

 

Appendices 3.5 and 3.6

Building permit and reaction municipality of Herstal

 

 

	 	 	 

	TO:

	 	Mevr.Sophie Houtmeyer
	 

	 	Skechers
	 

	 	Parc Industrial Hauts-Sarts, zone 3
	 

	 	Avenue du parc industriel 159
	 

	 	4041 Milmort
	 

	 	Belgium
	 
	 	 
	FROM:

	 	Ing.C.A.Hommel
	 

	 	Project Manager ProLogis
	 
	 	 
	DATE:

	 	May 6, 2008
	 
	 	 
	SUBJECT:

	 	Project ProLogis SkechersMilmort
	 

	 	Avenue du parc industriel 159,
	 

	 	4041 Milmort

cc:

 

Dear,

Please find attached (as discussed with Mr Nuijten) the documents as they were submitted for the
building permit application.

Should you have any questions please do not hesitate to contact me on 06 12 29 42 10.

Kind regards,

Mr C A Hommel, Engineer

[Signature]

Project Manager Prologis

			
	Addendum:	 	Statistics of the building permit

Drawing 01/05

Drawing 02/05

Drawing 03/05

Drawing 04/05

Drawing 05/05

 

 

	 	 	 	 	 

	Liege 1 Management

	 	WALLOON REGION
	 	Liege, 7 July 2008
	Town Planning Division
	 	 	 	 
	Rue Montagne Sainte-Walburge, 2
	 	 	 	 
	4000 LIEGE
	 	 	 	 

	 	 	 

	 

	 	REGISTERED LETTER
	Tel: 04/224.54.11

	 	S.P.R.L. PROLOGIS Belgium III
	Fax: 04/224.54.66

	 	J.E. Mommaerstslaan, 18
	 

	 	1831 DIEGEM

Your ref: /

Our ref: E1256/BM/MRM

Enc.: 1 set of plans + notice

1/3

ENCLOSURE 12- FORM G

PERSONS UNDER PUBLIC LAW

ACTS AND WORK OF PUBLIC BENEFIT

DECISION TO GRANT A TOWN PLANNING PERMIT

The designated Official,

Given the Walloon Code of Town and Country Planning, Town Planning and Heritage;

Given the decree of 11 March 1999 concerning an environmental permit;

Given Book 1 of the Environment Code relating to assessment of the impact of projects on the
environment;

Considering that S.P.R.L. PROLOGIS Belgium III

Has put in an application for a town planning permit relating to a
property located at HERSTAL (Liers), Avenue du Parc Industriel

land registry Section A. no. 450 e2, g2

with the purpose of constructing an industrial hall

Considering that the complete permit application was sent to the designated Official in the LIEGE 1
Management of the General Management for Town and Country Planning, Town Planning and Heritage, by
mail with acknowledgement of receipt on 15.05.2008;

MINISTRY OF THE WALLOON REGION

General Management for Town and Country Planning, Town Planning and Heritage

General address: Rue des Brigades d’Irelande 1, B-5100 Namur – Tel: 081 33 21 11

Fax: 081 33 21 10. www.wallonie.be – Toll free: 0800 11 901 (General information)

 

 

			
	Our ref: E16256/BM/MRM
	 	2/3               

Considering that the property in question is detailed on the LIEGE sector plan approved by the
A.E.R.W. of 26.1.1987 in an industrial economic activity area and which is still in effect for the
aforementioned property;

Considering that the project is located in the area cited in article 1, 5o of the decree
of 11 March 2004 relating to reception infrastructures for economic activities;

Considering that a municipal regulation on building approved by the A.R. of 05.09.1980 is in effect
throughout the municipal territory where the property is located;

Considering that the permit application includes an environmental impact assessment notice;

Considering that the services cited below have been consulted for the following reasons:

	 	-	 	the SPI+, that its opinion requested on 21.05.2008 and sent on 28.05.2008 is
favourable;
	 
	 	-	 	considering that the project is detailed in an SPI+ zoning;
	 
	 	-	 	the I.I.L.E., that its opinion requested on 21.05.2008 and sent on 16.06.2008 is
favourable subject to conditions;
	 
	 	-	 	for public safety reasons;

Considering that the opinion of the Municipal College was requested on 2.05.2008 and sent on
10.06.2008; that its opinion is favourable subject to conditions;

Considering the plans registered in my services on 28.03.2008;

Considering that the project consists of:

	 	-	 	the construction of an industrial hall (storage) of 22,275 m2 as an extension to an
existing hall;

Considering that the permit application does not refer to a project shown on the list drawn up by
the government and which, due to its type, its dimensions or its location is subject to study of
environmental impact, given the selection criteria cited in article D.66 of Environmental code;

Considering that the permit application is accompanied by an environmental impact assessment
notice, that this notice is complete in appropriately identifying, describing and assessing the
direct and indirect, short medium and long term effects of the installation and operation of the
project on man, flora and fauna; the soil, water, air climate and landscape, material property and
cultural heritage; interaction between the aforementioned factors;

Considering that the permit application is not accompanied by an impact study, that the authority
considers in view of the above mentioned notice and plan, that taking into account the relevant
selection criteria cited in article D.66, §2, the project is not likely to have significant impacts
on the environment;

Considering that is appears from the plans and photographic reports returned with the file that the
project’s environmental impact is legible;

Considering that the projected installation does not compromise the area’s general purpose, or its
architectural character;

 

 

			
	Our ref: E16256/BM/MRM
	 	3/3               

Therefore,

DECIDES

Article 1: the permit applied for by S.P.R.L. PROLOGIS Belgium III is granted under the
following conditions:

	 	-	 	respecting the I.I.L.E. opinion enclosed;
	 
	 	-	 	asking for the state of the pavement locality, the alignment and level as well as
indication of construction sites at least 60 days before the anticipated work start date,
by means of the form attached to this document. The applicants attention is drawn to the
municipal regulation relating to indication of construction sites in accordance with
article 137 of the C.W.A.T.U.P. and to the municipal charges regulation on the indication
of construction sites;
	 
	 	-	 	provide for ventilation of the company premises in accordance with standards in
effect;
	 
	 	-	 	provide for an inspection chamber or manhole at each junction and change of
direction of drainage piping;
	 
	 	-	 	access to the site must be carried out using a hydrocarbon covering enabling
differentiating the public domain from the private domain;
	 
	 	-	 	the pavement and water channel may not in any case be removed or modified;
	 
	 	-	 	the earth resulting from earthworks will be removed to an approved sorting centre for
inert waste. In no case will these be backfilled into the ground.

Article 2: The issuance of this decision is sent to the applicant and to the HERSTAL
Municipal College;

Article 3: The permit holder advises, by registered letter, the Municipal College and the
designated Official about the start of the permitted works or acts, at least eight days before
starting this work or acts.

Article 4.- This permit does not exempt the obligation of requesting authorisations or
permits imposed by other laws or regulations.

THE DESIGNATED OFFICIAL.

Andre DELECOUR

Manager

Your contact: MOTTET Bernadette – Architect

 

 

EXTRACTS FROM THE WALLOON CODE OF TOWN AND COUNTRY PLANNING, TOWN PLANNING AND HERITAGE.

1) MEANS OF APPEAL

Art. 27. §6. The applicant and the college of burgomasters and deputy burgomasters may put in an
appeal to the Walloon government within thirty days of receipt of the designated official’s
decision or the timeframe cited in article 127, §6, paragraph 2.

2) DISPLAY OF PERMIT

Art.134. A notice indication that the permit has been issued is displayed on the land in front of
the road way and legible from this, under the applicants care, either it concerns work, prior to
opening the site and throughout the duration of this, or in other cases, from the preparations,
before the act of acts have been completed and throughout the time they are being completed. During
this time, the permit and the attached file or a copy of these documents certified as a true copy
by the municipality or the designated official must be permanently available to agents designated
in article 156 at the place where the work is being carried out and the acts being completed.

3) PERMIT EXPIRY DATE

Art 87, §1 – If, within two years of sending the town planning permit, the beneficiary has not
started the works in a significant way, the permit expires.

§2. The permit expires for the rest of the work if this has not been completely carried out within
five years of it being sent, except if its execution is authorised by stages. In this case, the
permit lays down the start of the expiry time limit for each stage
other than the first. 

The expiry of the permit takes place as of right.

4) EXTENSION OF THE PERMIT

Art. 87 §3. At the request of the town planning permit’s applicant, it is extended for a period of
one year. This application is put in thirty days before the expiry time limit cited in article 87,
§1.
 The extension is granted by the college of burgomasters and deputy burgomasters.

5) CERTIFICATION OF COMPLIANCE OF WORK

Art 139. §1. The beneficiary of the permit must have the conformity of the property’s state with
the work verified at the latest within six months following the expiry of the time laid down in
article 87 §2, or prior to a transfer.

In case of transfer more than three years after verification, the transferor has the
compliance of his property with the permit verified before the act of transfer. However,
verification is required before any transfer subsequent to a provisional verification.

§2. An approved certifier, chosen by the beneficiary of the permit or the transferor, carries out
the verification.

If the municipality has not received the town planning certificate of conformity or the document
containing refusal of a town planning certificate of conformity at the end of six months following
the expiry of the time laid down in article 87, §2, the college of burgomasters and deputy
burgomasters or the agent delegated by this college appoints without consultation an approved
certifier to carry out the verification.

In all cases, the verification is to the charge of the beneficiary of the permit or transferor.

6) SPECIFIC PROVISIONS APPLICABLE TO GROUPE\D CONSTRUCTIONS

 

 

Art. 126 When a town planning permit authorises several constructions and these constructions
involve carrying out common infrastructures and facilities including waste water purification
facilities, the permit may be subordinate to the transfers either free or costing, sharing, of long
lease or surface constitution, or leasing for more than nine years, concerning all or part of these
properties:

1 – to a certificate issued under the conditions cited in article 95, paragraph 1;

2 – to a division act drawn up by a notary setting the own planning provisions for it all and the
conditions for management of the common parts.

The
permit states the possible stages for execution of the constructions stating the start of each phase.

N.B. INSTALLATION

Your attention is drawn to article 137 of the same Code and therefore to the necessity of making
contact with the municipality concerned.

Article 137. The permit may decide on the order in which the work must be carried out and the time
within which the conditions which come with the permit must be implemented.

The start of work relating to the new constructions, including the extension of the ground extent
of existing constructions, is subject to indication on site of the installation by the Municipal
College.

A statement of the indication is drawn up.

 

 

Appendix 3.7

Correspondance with the archeological authorities

 

 

9 OCT. 2008

MINISTRY OF THE WALLOON REGION

	 	 	 

	GENERAL MANAGEMENT

	 	Liege, 12 [illegible]
	OF TOWN AND COUNTRY
	 	 
	PLANNING , TOWN PLANING
	 	 
	AND HERITAGE
	 	 
	 

	 	GEDAS B.I. NV
	HERITAGE DIVISION

	 	Attention: Mrs M. CLERINX
	 

	 	Clara Snellingsstraat 27
	Archaeology Management

	 	2100 DEURNE

Your ref:

Our ref: D POJ/DA/SALg/jSml/mg/00325

Re: Hauts-Sarts economic activity park — Herstal

Dear Mrs Clerinx

As agreed, I am confirming the content of our telephone conversation today.

The area concerned by the industrial construction is very sensitive archeologically. It is in fact
crossed by a roadway which, in Roman times, linked Tongres to Herstal (« Brunehaut roadway » on the
plan). The surrounding land is therefore liable to contain ancient remains relating to the antique
road. Any permit application put in to the municipal Administration concerned is sent to the
Designated Official — Town Planning Division, Ministry of the Walloon region — who automatically
forwards it to the Archaeological Service, Management of Liege. In the case in question, the latter
will then give a notice requesting the insertion of an archaeological clause and to be invited to
any preparatory work meeting. It goes without saying that, the sooner the Archaeology Service is
informed of the project (execution times, possible stages of work...), the better the cooperation
will be and, thus, planning of any intervention by our service, prior to implementation of the
project.

Hoping this information meets with your expectation, I remain

Yours etc.

Jean-Marc LEOTARD

Provincial archaeologist

Specialist representative: Michele Gustin Archaeologist

	 	 	 

	

	 	Avenue des Tilleuls, 62
• 4000 Liège • Tél. 04/254 28 93 - 04/252 75 37 • Fax 04/252 23 26
	 
	 	NUMÉRO VERT : 0800-1 190-1

 

 

	 	 	 	 	 
	Herstal

	 	Letter ref: DP/37/2001
	 	Service Code no.: G.01.04.
	 

	 	Communication Service	 	 
	Municipality of the Future

	 	Mrs Dominique POCET
	 	ECRIDO.COM
	 

	 	Tel: 04/240.65.46	 	 
	 

	 	Fax: 04/240.64.93  - Email address:	 	 

	 	 	 

	 

	 	Herstal, 11 January 2001
	 
	 

	 	 
	Place Jean Jaures 1
	 	GEDAS NV
	4040 Herstal

	 	Attention Mrs
	 

	 	Marleen CLERINX
	 

	 	Clara Snellingsstraat, 27
	 
	 	 
	 

	 	2100 ANTWERPEN

Dear Madam,

In your letter of 20 December 2000, you wish to obtain a copy of the Techspace Aero, ISPC, Weerts
and Galliker licences to operate.

These were sent to you on 11 October 2000 after payment of an amount of 393 francs.

At the present time, no modification has been made to the Techspace Aero and Weerts operation
licences.

However, if you wish to have these document again, you can reapply in writing to our new “Ecrido”
Service.

We remain,

Yours etc.

BY THE COLLEGE:

	 	 	 

	The Municipal Secretary

	 	For the Mayor in absentia
	 

	 	The 1st Deputy Mayor
	 

	 	Richard BASTIN

 

 

Appendix 3.8

Information concerning utilities

 

 

9 OCT. 2008

MINISTRY OF THE WALLOON REGION

	 	 	 

	GENERAL MANAGEMENT

	 	Liege, 12 [illegible]
	OF TOWN AND COUNTRY
	 	 
	PLANNING , TOWN PLANING
	 	 
	AND HERITAGE
	 	 
	 

	 	GEDAS B.I. NV
	HERITAGE DIVISION

	 	Attention: Mrs M. CLERINX
	 

	 	Clara Snellingsstraat 27
	Archaeology Management

	 	2100 DEURNE

Your ref:

Our ref: D POJ/DA/SALg/jSml/mg/00325

Re: Hauts-Sarts economic activity park — Herstal

Dear Mrs Clerinx

As agreed, I am confirming the content of our telephone conversation today.

The area concerned by the industrial construction is very sensitive archeologically. It is in fact
crossed by a roadway which, in Roman times, linked Tongres to Herstal (« Brunehaut roadway » on the
plan). The surrounding land is therefore liable to contain ancient remains relating to the antique
road. Any permit application put in to the municipal Administration concerned is sent to the
Designated Official — Town Planning Division, Ministry of the Walloon region — who automatically
forwards it to the Archaeological Service, Management of Liege. In the case in question, the latter
will then give a notice requesting the insertion of an archaeological clause and to be invited to
any preparatory work meeting. It goes without saying that, the sooner the Archaeology Service is
informed of the project (execution times, possible stages of work...), the better the cooperation
will be and, thus, planning of any intervention by our service, prior to implementation of the
project.

Hoping this information meets with your expectation, I remain

Yours etc.

Jean-Marc LEOTARD

Provincial archaeologist

Specialist representative: Michele Gustin Archaeologist

	 	 	 

	

	 	Avenue des Tilleuls, 62
• 4000 Liège • Tél. 04/254 28 93 - 04/252 75 37 • Fax 04/252 23 26
	 

	 	NUMÉRO VERT : 0800-1 190-1

 

 

	 	 	 	 	 

	Herstal

	 	Letter ref: DP/37/2001
	 	Service Code no.: G.01.04.
	 

	 	Communication Service	 	 
	Municipality of the Future

	 	Mrs Dominique POCET
	 	ECRIDO.COM
	 

	 	Tel: 04/240.65.46	 	 
	 

	 	Fax: 04/240.64.93  - Email address:	 	 

	 	 	 

	 

	 	Herstal, 11 January 2001
	 
	 	 
	Place Jean Jaures 1
	 	 
	4040 Herstal

	 	GEDAS NV
	 

	 	Attention Mrs
	 

	 	Marleen CLERINX
	 

	 	Clara Snellingsstraat, 27
	 
	 	 
	 

	 	2100 ANTWERPEN

Dear Madam,

In your letter of 20 December 2000, you wish to obtain a copy of the Techspace Aero, ISPC, Weerts
and Galliker licences to operate.

These were sent to you on 11 October 2000 after payment of an amount of 393 francs.

At the present time, no modification has been made to the Techspace Aero and Weerts operation
licences.

However, if you wish to have these document again, you can reapply in writing to our new “Ecrido”
Service.

We remain,

Yours etc.

BY THE COLLEGE:

	 	 	 

	The Municipal Secretary

	 	For the Mayor in absentia
	 

	 	The 1st Deputy Mayor
	 

	 	Richard BASTIN

 

 

Appendix 4

Environmental thick report

 

 

	The report must include The Environmental Report Tick List below (which is necessary to demonstrate
to ourselves and our insurers that which our consultants have seen and not seen.) The Purpose of
this report is to identify environmental issues effecting the proposed purchase and development of
the proposed site. The list below will enabl Prologis to assess the items which the consultant has
considered and tabulates specific works but must not be taken as complete or limit the comments
made 1 the consultant which may effect the purpose of the Investigation This Form Must be completed
by the consultant and included in the Environmental Phase 1 Report Development Name GEDAS N. V.
Site Address Clara Snellingsstraat, 27 Consultant Practice 2100Deurne Name of Consultant
(individual) Herwig Teughels, Kristof Peperstraete Date of Visit | 22/08/2002 Review of existing
documents available Phase I Environmental Site Assessment; dated 5th October 2001, 03/3043
(neighbouring site) a. Environmental Phase I Environmental Site Assessment; report 11/15/1844 dated
18th January 2001,11/11/1844 Asbestos Geotechnical site investigation dated 29th November 2000,
03/3043 (neighbouring site) c. Geotechnical Geotechnical site investigation dated 23th January
2001,11/11/1844 Soil investigation dated 9th October 2000, 03/3043 (neighbouring site) Soil
investigation dated 4th September 2002,11/15/002415 (current site) d. Soil investigation
Topographical survey Topographical survey dated December 21st 2000,11/11/1844 Measurement plan
dated tfh November 2000, 03/3043 (neighbouring site) Measurement plan Measurement plan dated 6“1 of
January 2001,11/11/1844 g Building permit Building permit 23/2001 dated March 5th, 2001 Date: Page:
23th September2002 36/44

 

 

	Cadastral plan cLd. August 2tfh, 2002 Zoning plan d.d.26/11/1987, Plan de secteurNr. 15 (Liege),
carte 42/2 Permit d’Air Liquide d. d. 05/04/2000 Permit d’Air Liquide d,d. 22/04/1994 Permit de
S.A. Techspace Aero d.d.02/10/1995 Permit de S>A, ISPC d.d.30/04/1998 Permit de Charlier
Transport d.d.17/08/1990 exploitation permits surrounding firms An update of these permits was
requested for Please tick the Box if seen or carried ‘his Section to be filled in by the Consultant
Site description out Comments .ocation of Site Map Reference 1 Near Airport/ Rail /Major Road Power
Station Etc 1 Rough estimate of the shape of the site lea. 4 ha Brief description of topography 1
Site surroundings (specify radius of 1km of the site) Identifiable aspects of the site i.e.: ponds,
trees, water courses, drainage, services etc. jj ^courses visible Date: Page: 23th September2002
37/44

 

 

	Records Review A desk top study using historical maps and other sources, local libraries and local
knowledge [reclaimed The use of any local data bases that may be held by the local building
inspector, planning office,H etc. BNot applicable Any historical data that can be gained from
adjoining land or properties HEurosense In discussion with any regulatory authorities, any
licences, consents or other data effecting the) site | I Reclaimed Mining or other intrusive
operations, reference to aquifers Site hydrogeology | Site Reconnaissance No visit inside the new
building has been executed. The surroundings were checked. H 1 Identification of items which may
effect the 1 I environmental issues on the site i.e.: Any underground or above ground tanks ^H f
Storage facilities for materials 1 | Waste disposal arrangements 1 | Evidence of spillages
Information i reclaimed from a the £ construction I Details of existing drainage services |
[company I Date: Page: I 23th September2002 38/44

 

 

	Details of services- Information reclaimed from gas A.L.G. Information reclaimed from water the
S.D.W.E. Information reclaimed from electricity A.L.E. sewers (septic tanks) Bplan Indications of
previous use i.e.: manufacturing processes, demolition evidence, use of pesticides l ^l Evidence of
flooding or knowledge of water table (probable depth, direction of flow) 1 Surface water hydrology
1 Local wildlife/ecology H Electro magnetic fields Helectrical towre Details of superficial
deposits (side of Weerts Date; Page: 23th September2002 39/44

 

 

	Footpaths and rights of way
Local population, including traffic impact assessment 1 Environmental Matters Any evidence of
endangered species 1 SSI’s (Special Scientific Interest) sites or ecological resources, (e.g.:
newts, stream diversions, B landscaping, designation as a site of special scientific interest or an
area of outstanding natural 1 beauty, wetlands etc.) H The site or surroundings that may affect air
quality 1 Sound restrictions (potential impact of noise during construction and final development
stage) I Light pollution (any future development shading existing buildings or vice versa) H
Registered and potential landfill sites 1 Surface water drainage and hydrology and evidence of
flooding, including the identification oil To check for signs of Japanese Knotweed, Himalayan
Balsam, Giant Hogweed and other non-H native, invasive and destructive vegetation. (psto Interviews
Interview or telephone conversation with existing owners, agents or occupiers J HConfidential
Interview with possible occupants Date: Page: 23th September2002 40/44

 

 

	Existing Structures In addition to the above, if buildings are on the site, then each building is
to be reviewed and the following ascertained: Interview or telephone conversation with existing
owner or agent No activities The current use and previous use of the buildings (occured on site The
current or previous use of adjoining properties H2.2.8. Possible industrial processes B Possible
landfill areas 1 Evidence o f industrial dumping 1 Evidence of any chemical storage on site i.e.:
drums Evidence of any ponds or lagoons used within the waste treatment process ^ Evidence of vent
pipes Hl g Points of discharge from any of the drainage on site a) § Evidence of existing sub
stations, gas meter houses or pumping stations Name, address and contact number for each of the
owners of the properties Internal observations of existing buildings i.e.: machinery, processes,
tanks, asbestos Hchecked I Do the regulatory authorities know the current company? Hpermit
Evidence of termite infestation bno Date: Page: 23th September2002 41/44 1 a

 

 

	Confirmation from the Structural Engineer appointed for the project to comment upon the Further
Items For Consideration Environmental Phase I report (if appointed) Any archaeological requirements
which may impact upon the site development Presence of minerals/geotechnical faults/any other
problem disclosed by the Desktop Study The assessment of data in summary form following the factual
reporting on the above. To include Evaluation Of Data comments on the possible impact on
construction. Note that the purpose of a Phase IT is to answer a specific question and should be
specific with regards to methodology and scope.

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