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ADAM DODGE 80 PINE STREET NEW YORK, NY 10005 Tel: 212-770-2619 Fax: 212-809-3881 ADAM.DODGE@AIG.

COM July 10, 2006

BREITSTONE & CO. 534 WILLOW AVE CEDARHURST, NY 11516-1301 Phone: 516-569-2550 Fax: Email: HT@breitstone.com RE: JFL-AMH PARTNERS, LLC 450 PARK AVENUE NEW YORK, NY 10022-2605 POLLUTION LEGAL LIABILITY SELECT (PLL Select) POLICY NUMBER PLS 1943468 Dear Howard:

PLL Select coverage is bound for the above-captioned account, for the location(s) listed in Section IV effective 12:01AM From: July 31, 2006 To: July 31, 2016. Coverage is bound using the AMERICAN INTERNATIONAL SPECIALTY LINES INS. CO., Form #76391 (08/04) and is bound for those coverage sections listed below in Section I. SECTION I - Coverages and Limits: 1. The following Coverage Sections are bound: Coverage A- ON-SITE CLEAN-UP OF PRE-EXISTING CONDITIONS Coverage BON-SITE CLEAN-UP OF NEW CONDITIONS Coverage C- THIRD-PARTY CLAIMS FOR ON-SITE BODILY INJURY AND PROPERTY DAMAGE Coverage D- THIRD-PARTY CLAIMS FOR OFF-SITE CLEAN-UP RESULTING FROM PRE-EXISTING CONDITIONS Coverage ETHIRD-PARTY CLAIMS FOR OFF-SITE CLEAN-UP RESULTING FROM NEW CONDITIONS Coverage FTHIRD-PARTY CLAIMS FOR OFF-SITE BODILY INJURY AND PROPERTY DAMAGE

A Division of Risk Specialists Company of New York


RSC JFL-AMH PARTNERS, LLC Used with Permission of Risk Specialists Companies, Inc.

CIB003 Page 1 of 5 Issue Date: July 10, 2006 Submission Number: 00772780190 Premium Indication: 000166810-014

2. The following coverages are bound: Coverage Section A B C D E F G H I *Business Interruption (Days) Limit J Policy Aggregate Limit: $35,000,000 *Business Interruption ($) Limit Deductible-Each Incident $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 Each Incident Limit $15,000,000 $15,000,000 $15,000,000 $15,000,000 $15,000,000 $15,000,000 Coverage Section Aggregate Limit $35,000,000 $35,000,000 $35,000,000 $35,000,000 $35,000,000 $35,000,000

For multi-year policies, the limit of liability stated in the chart above is shared over the policy term indicated. The limit of liability is not an annual limit of liability and is therefore not reinstated each year within the policy term. SECTION II - Premium Information: Policy Premium: Commission %: $842,547 15.00%

** The Premium amount(s) stated above does not include surplus lines tax, or surplus lines fees. Premium for Certified Acts of Terrorism Coverage: Not Applicable

SECTION III - Policy Period and Retroactive and Continuity Dates: Policy Period: Retroactive Date: Continuity Date: Additional Information: From: July 31, 2006 To: July 31, 2016 None Policy Inception Date

A Division of Risk Specialists Company of New York


RSC JFL-AMH PARTNERS, LLC Used with Permission of Risk Specialists Companies, Inc.

CIB003 Page 2 of 5 Issue Date: July 10, 2006 Submission Number: 00772780190 Premium Indication: 000166810-014

The Material Change In Use Endorsement, Form # 81422 (1/03) will read: Intended Use: Industrial or Commercial. No Bulk Fuel Facility, drycleaners or gasoline stations The Named Insured Endorsement, Form # 78791(07/00) will read: Atlantic Marine Holding Company, Inc.(Florida) Atlantic Alabama Property Holding Company Inc.(Alabama) Atlantic Alabama Holding Company, LLC(Delaware) Alabama Dry Dock & Shipbuilding LLC(Alabama) Atlantic Marine, Inc.(Florida) Atlantic Marine Florida, LLC(Delaware) Atlantic Marine, Inc.(Alabama) Atlantic Marine Alabama, LLC(Delaware) Atlantic Drydock Corp.(Florida) Atlantic Drydock LLC(Delaware) Atlantic Marine Property Holding Company, Inc.(Florida) Atlantic Marine Property Holding Company, LLC(Delaware) Classic Act Inc.(Florida) Classic Act, LLC(Delaware) Atlantic Alabama Holding Company, Inc.(Alabama) Atlantic Alabama Holding Company, LLC(Alabama) Mobile Heavy Lifter, Inc.(Florida) Mobile Heavy Lifter, LLC(Delaware) The Mortgagee/Insured/Assignee Endorsement, Form # 76460(07/00) will read: BNP Paribas CIBC Inc. AIG will add future owners to the Named Insured Endorsement for no premium based upon its approval in its sole discretion, which shall not be unreasonably withheld or conditioned. SECTION IV - Insured Property(s): see Insured Property Endorsement

SECTION V - Policy Form Modifications: The AMERICAN INTERNATIONAL SPECIALTY LINES INS. CO., Form #76391 (08/04) Form will be modified as follows: Notice of Loss/Notice of Claim, Form#CI1141 (09/00) War Exclusion Endorsement, Form#79098 (12/01) Multiple Coverages Aggregate Limit Endorsement, Form#83260 (11/03) Florida Amendatory Endorsement, Form#76105 (05/00) AISLIC PLS Dec, Form#75321 (08/04) Minimum Earned Premium Endorsement, Form#76835 (07/00) Year 1: 61% Year 2: 84% Years 3: 100% Microbial Matter Exclusion Endorsement, Form#86293 (07/04) Policy Period Endorsement, Form#81423 (01/03) 5 yrs new condts & 10 yrs pre-existing condts Material Change In Use Of Insd Property(s) Excl, Form#81422 (01/03) see additional information section
CIB003 Page 3 of 5 Issue Date: July 10, 2006 Submission Number: 00772780190 Premium Indication: 000166810-014

A Division of Risk Specialists Company of New York


RSC JFL-AMH PARTNERS, LLC Used with Permission of Risk Specialists Companies, Inc.

Condition Of Payment Endorsement, Form#90365 (01/06) Agg Deduct Each & Every Maintenance Deduct, Form#72329 (07/00) Agg Deduct: $750,000 Each and Every: $25,000 Named Insured Endt, Form#78791 (09/01) see additonal information section Mortgage/Insured/Assignment Endorse, Form#76460 (07/00) see additional information section Coverage A Governmental Claims Only Endorsement, Form#83669 (11/03) Terrorism Excl - All (Incl Cert Acts Of Terrorism), Form#81268 (12/02) Landfill Mound Exclusion Endorsement, Form#MNSCPT (09/05) Scheduled Undergorund Storage Tanks Endt, Form#MNSCPT (06/06) Insured Property Endorsement, Form#MNSCPT (06/06) Definition of Claim Endorsement, Form#MNSCPT (06/06) Automatic Extended Reporting Period Endorsement, Form#MNSCPT (06/06) Intentional Non-Compliance Endorsement, Form#MNSCPT (06/06) Known Conditions Exclusion, Form#MNSCPT (06/06) Definition of Cleanup Endorsement, Form#MNSCPT (06/06) SECTION VI - Services: AIG is the largest U.S.-based international insurance organization and has successfully serviced clients in the pollution legal liability marketplace for a longer, continuous period than any other insurance company. Member companies of American International Group, Inc. earn consistently high marks from the major insurance company rating agencies, including A.M. Best Company, Standard & Poor's, and Moody's. As an integral part of this insurance program, we offer engineering, claims, and emergency response services: Value Added Engineering: Our underwriting teams include Dedicated Engineers in each local AIG office. Through this group of professionals, with experience in both the public and private sectors, AIG Environmental is able to offer loss control services that complement and enhance the policyholders environmental insurance program. Such services may include prospective risk surveys, application assistance, loss control information, regulatory insight and value-added risk improvement services. Claim Services: All environmental claims are handled centrally by a dedicated environmental unit due to the often complex nature of environmental incidents. The unit is staffed by trained professionals with specialized experience in environmental claims and includes individuals with backgrounds in insurance, law, finance, and environmental engineering. Claims are handled from initial investigation of liability to negotiation and settlement with government agencies and third parties.

A Division of Risk Specialists Company of New York


RSC JFL-AMH PARTNERS, LLC Used with Permission of Risk Specialists Companies, Inc.

CIB003 Page 4 of 5 Issue Date: July 10, 2006 Submission Number: 00772780190 Premium Indication: 000166810-014

Emergency Response Service: To assist our policy holders in the event of an environmental incident, we have established a 24 hour hotline supported by a nationwide network of emergency response contractors and environmental consulting firms. The program, Pollution Incident and Environmental Response (PIER II), also offers investigative and crisis management services, engineering support teams, and post-incident oversight and management. At policy issuance, we will provide a PIER II welcome package that includes rolodex cards and brightly colored stickers to be posted in prominent locations at the insured properties. SECTION VII - Subject To Information: We require that you send us a completed and signed Broker Responsible for Surplus Lines Filings Agreement, and if applicable your NJ SLA#. If the items requested above are not received within ten (10) business days, we reserve the right to void this binder ab initio and any policy issued in connection with this binder. Payment of premium shall not operate to extend the binding period or nullify the voiding as described above. The above binder confirmation is subject to the receipt and satisfactory review and acceptance of the following, within 15 days of binding, unless otherwise specified: A copy of the Final Stock Purchase Agreement

The policy will be issued by AMERICAN INTERNATIONAL SPECIALTY LINES INS. CO., 70 Pine Street, New York, N.Y. 10270, which is a member company of American International Group, Inc. The premium must be remitted to AMERICAN INTERNATIONAL SPECIALTY LINES INS. CO. within thirty (30) days of the effective date of the policy, or within fifteen (15) days of billing, whichever is later. It is your responsibility to follow applicable state surplus lines laws and, in particular, to see that the appropriate surplus lines tax (and stamping fee, if applicable) is collected and paid.

This binder contains an outline of coverage and does not include all the terms, conditions and exclusions of the policy that may be issued. The Policy contains the full and complete agreement with regards to coverage. Please review the policy thoroughly upon receipt and notify us promptly in writing if there are any questions. Please feel free to contact me with any questions. Thank you for choosing to place your business with AIG.

NOTICE: THIS INSURER IS NOT LICENSED IN THE STATE OF NEW YORK AND IS NOT SUBJECT TO ITS SUPERVISION. Sincerely,

ADAM DODGE UNDERWRITER

A Division of Risk Specialists Company of New York


RSC JFL-AMH PARTNERS, LLC Used with Permission of Risk Specialists Companies, Inc.

CIB003 Page 5 of 5 Issue Date: July 10, 2006 Submission Number: 00772780190 Premium Indication: 000166810-014

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LAND FILL MOUND EXCLUSION AND DEFINITION ENDORSEMENT Solely with respect to Coverage A, it is hereby agreed that: 1. The following is added to the end of Section II. EXCLUSIONS: LANDFILL MOUND: Arising from Pollution Conditions due to or associated with the Land Fill Mound or Land Fill Material at the Insured Property located at 660 Dunlap Drive, Mobile, AL. 2. The following is added to Section VIII. DEFINITIONS: Land Fill Mound means the area at the Insured Property located at 660 Dunlap Drive, Mobile, AL as described in the September 2005 Environmental Conditions Review, Atlantic Marine, Inc., Mobile, Alabama prepared by Environ in the following language: "Historically, ADDSCO operated a 50-acre industrial waste landfill to the east of the main operational area for an unknown time until its closure in November 1980." Land Fill Matter means all contents contained within the Land Fill Mound including but not limited to soil, fill, material or waste.

SPECIMEN

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. KNOWN CONDITIONS EXCLUSION ENDORSEMENT It is hereby agreed that the following is added to EXCLUSIONS - APPLICABLE TO ALL COVERAGES: KNOWN CONDITIONS: arising from Pollution Conditions due to or associated with the following: PAH's, benzene, unexploded ordinances or their additives or degradation byproducts, asbestos, lead, aluminum, arsenic, selenium, vanadium or PCBs in the soil or groundwater on, under or migrating from Area of Concern 2 (Former Proposed Navy Homeport Facility Location) as indicated on the Area of Concern Map prepared by Environ dated June 28, 2006 at the Insured Property located at 660 Dunlap Drive, Mobile, Alabama. Perchloroethylene, methyl ethyl ketone, acetone, toluene, xylenes or any of their additives or degradation byproducts or zinc in the soil or groundwater on, under or migrating from Area of Concern 3 (Ocal Contamination Area) as indicated on the Area of Concern Map prepared by Environ dated June 28, 2006 at the Insured Property located at 660 Dunlap Drive, Mobile, Alabama. Benzene, carbon tetrachloride, 1,2 dichloroethene or any of their additives or degradation by-products, arsenic, lead, chromium in the soil and groundwater on, under or migrating from Area of Concern 4 (Dunlap Drive Oil Spill Area) as indicated on the Area of Concern Map prepared by Environ dated June 28, 2006 at the Insured Property located at 660 Dunlap Drive, Mobile, Alabama. Total Petroleum Hydrocarbons or any of their additives or degradation by-products or lead in the soil on, under or migrating from Area of Concern 5 as indicated on the Area of Concern Map prepared by Environ dated June 28, 2006 (Former Bird Johnson Remediation Area) at the Insured Property located at 660 Dunlap Drive, Mobile, Alabama. However this exclusion does not apply to Claims for Bodily Injury or Property Damage. This Exclusion shall be amended upon the receipt, satisfactory review and approval by the Company, in its sole discretion, which shall not be unreasonably withheld or conditioned, of a No Section II. EXCLUSIONS, 1. COMMON

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ENDORSEMENT NO.

(Continued)

Further Action (NFA) letter from an applicable federal, state, provincial or local agency responsible for the supervision of clean-up or remediation of such Pollution Conditions. In the event that this Exclusion is amended, the amended Exclusion shall in any event exclude Clean-Up Costs or Loss incurred or Claims first made prior to the effective date of such amended Exclusion. The amendment of this Exclusion shall not be effective until endorsed onto the Policy.

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

SPECIMEN

DEFINITION OF CLEAN-UP COSTS ENDORSEMENT It is hereby agreed that: 1. Section VIII. DEFINITIONS, Paragraph D. Clean-Up Costs, is deleted in its entirety and replaced with the following: D. Clean-Up Costs means reasonable and necessary expenses, including legal expenses incurred with the Company's written consent which consent shall not be unreasonably withheld or delayed, for the investigation, removal, remediation including associated monitoring, or disposal of soil, surfacewater, groundwater or other contamination: 1. to the extent required by Environmental Laws or required to satisfy an applicable Voluntary Cleanup Program; or 2. That have actually been incurred by the government or any political subdivision of the United States of Americas or any state thereof or Canada or any province thereof, or by third parties. Clean-Up Costs also include Restoration Costs. 2. The following is added to Section VIII. DEFINITIONS: Voluntary Cleanup Program means a program of the United States or a state of the United States enacted pursuant to Environmental Laws which provides for a mechanism for the written approval of, or authorization to conduct voluntary remedial action for the clean-up, removal or remediation of Pollution Conditions that exceed actionable levels established pursuant to Environmental Laws.

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. INTENTIONAL NONCOMPLIANCE EXCLUSION ENDORSEMENT It is hereby agreed that Section II. EXCLUSIONS, 1. COMMON EXCLUSIONS - APPLICABLE TO ALL COVERAGES, Paragraph D. INTENTIONAL NONCOMPLIANCE, is deleted in its entirety and replaced with the following: D. INTENTIONAL NONCOMPLIANCE: Arising from Pollution Conditions based upon or attributable to any Responsible Insured's intentional, willful or deliberate noncompliance with any statute, regulation, ordinance, administrative complaint, notice of violation, notice letter, executive order, or instruction of any governmental agency or body, subject to Condition P. Separation of Insureds.

SPECIMEN

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. AUTOMATIC EXTENDED REPORTING PERIOD ENDORSEMENT It is hereby agreed that Section VII. EXTENDED REPORTING PERIOD FOR CLAIMS - COVERAGES A THROUGH I, Paragraph A. Automatic Extended Reporting Period is deleted in its entirety and replaced with the following: A. Automatic Extended Reporting Period Provided that the Named Insured has not purchased any other insurance to replace this insurance and which applies to a Claim otherwise covered hereunder, the Named Insured shall have the right to the following: a period of ninety (90) days following the effective date of such termination of coverage in which to provide written notice to the Company of Claims first made and reported within the Automatic Extended Reporting Period. A Claim first made and reported within the Automatic Extended Reporting Period will be deemed to have been made on the last day of the Policy Period, provided that the Claim arises from Pollution Conditions that commenced before the end of the Policy Period and is otherwise covered by this Policy. No part of the Automatic Extended Reporting Period shall apply if the Optional Extended Reporting Period is purchased.

SPECIMEN

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

SPECIMEN

DEFINITION OF CLAIM ENDORSEMENT It is hereby agreed that Section VIII. DEFINITIONS, Paragraph C. Claim, is deleted in its entirety and replaced with the following: C. Claim means a written demand received by the Insured seeking a remedy or alleging liability or responsibility on the part of the Insured for Loss under Coverages A through I. Claim includes, but is not limited to, a lawsuit, administrative action, a notification of liability letter by any third party or any federal, state or local government or agency seeking, alleging or imposing an obligation or duty on an Insured to pay any Loss under Coverages A through I. For purposes of this Policy, a Claim does not include a Possible Claim that was reported under a prior policy but which has become a Claim during the Policy Period of this Policy as described in Section III. B.

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. INSURED PROPERTY ENDORSEMENT It is hereby agreed that Item 5. of the Declarations is deleted in its entirety and is replaced with the following: 8500 Heckscher Drive, Jacksonville, Florida The following described land situate, lying and being in the County of DUVAL, State of Florida, to-with: Part of Section 26, Township 1 South, Range 28 East, according to plat of that part of said Township lying North of the St. Johns River, approved by Fred C. Elliot, Chief Drainage Engineer of the State of Florida in May, 1945, and on file in the office of the Commissioner of Agriculture of the State of Florida, more particularly described as follows: Commencing at the Southeast corner of the lands described in Deed recorded in Deed Book 546, pages 230 and 231, of the current public records of Duval County, Florida, said point being located in the Northerly right of way line of Old Heckscher Drive (a 100 foot right of way) 213 feet, more or less, Easterly from the Easterly bank of Sisters Creek; run thence in a South-easterly direction along the Northerly right of way line of Old Heckscher Drive 100 feet more or less to a point in said Northerly right of way line located in a line drawn parallel to and 100 feet Easterly from the Easterly boundary of said lands described in said Deed recorded in Deed Book 546, pages 230-231, of said Records; run thence North 10 degrees 11 minutes 35 seconds East, 100 feet distant from and parallel to said Easterly boundary and along the Northeasterly extension thereof to a point 500 feet more or less, distant, which would be located in a line drawn parallel to and 200 feet Northerly from the Northerly line of the lands described in Deed recorded in Deed Book 1608, pages 199 and 200 of the current public records of Duval County, Florida; run thence North 79 degrees 48 minutes 25 seconds West along said line drawn 200 feet Northerly from and parallel with said northerly line of said lands described in Deed recorded in Deed Book 1608, pages 199 and 200, to the Easterly bank of Sisters Creek; run thence Southwesterly along said Easterly bank of Sisters Creek and following the meanderings thereof to the point of intersection of said bank with said Northerly line of said lands described in said Deed Book 1608, pages 199 and 200; run thence South 79 degrees 48 minutes 25 seconds East long the Northerly line of the lands last aforesaid to the Northeasterly most corner there of; run thence South 10 degrees 11 minutes 35 seconds West 300.82 feet along the Easterly lines of said lands described in Deed Books 1608, page 199, and 546 page 230 to said Northerly right of way line of said Old Heckscher Drive and to the point of beginning aforesaid; together with riparian rights thereunto appertaining, but without guarantee or warranty of said riparian rights.(ORB 3304, page 875)

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ENDORSEMENT NO.

(Continued)

SURVEY OF SUBMERGED SOVEREIGNTY LAND IN THE ST. JOHNS RIVER, ADJACENT TO SECTION 26 TOWNSHIP 1 SOUTH, RANGE 28 EAST, DUVAL COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FOR THE POINT OF REFERENCE, COMMENCE AT THE INTERSECTION OF WESTERLY RIGHT OF WAY LINE OF HECKSCHER DRIVE (A 400-FOOT RIGHT OF WAY AS NOW ESTABLISHED); WITH THE NORTHWESTERLY RIGHT OF WAY LINE OF MYRTLE DRIVE (A PRIVATE DRIVE WITH A 60-FOOT RIGHT OF WAY, AS NOW ESTABLISHED); THENCE S. 38 DEGREES 43' 01" W., ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE, A DISTANCE OF 643.50 FEET TO THE NORTHEASTERLY RIGHT OF WAY LINE OF MCKENNA ROAD, AS NOW CLOSED BY CITY ORDINANCE 78-181-64, SAID COUNTY; THENCE, DEPARTING FROM SAID NORTHEASTERLY RIGHT OF WAY, S. 23 DEGREES 52' 41"w., A DISTANCE OF 50.00 FEET TO A POINT OF NON-TANGENT INTERSECTION WITH A CURVE CONCAVE TO THE SOUTHWEST AND HAVING A RADIUS OF 1910.08 FEET, SAID POINT BEING ON THE FORMER CENTERLINE OF SAID MCKENNA ROAD; THENCE, NORTHWESTERLY, 501.61 FEET ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 15 DEGREES 02" 47", A CHORD BEARING AND DISTANCE OF N. 73 DEGREES 38' 43" W., A DISTANCE OF 500.17 FEET TO THE WESTERLY FACE OF AN EXISTING CONCRETE BULKHEAD; THENCE, S. 0 DEGREES 47' 57" E., ALONG SAID CONCRETE BULKHEAD, A DISTANCE OF 527.70 FEET TO AN ANGLE POINT; THENCE, S.10 DEGREES 21' 26" A DISTANCE OF 11.80 FEET TO THE MOST SOUTHERLY AND WESTERLY EDGE OF SAID BULKHEAD, SAID POINT BEING THE POINT OF BEGINNING OF THE PARCEL TO BE DESCRIBED; THENCE, S. 48 DEGREES 21' 12" E., A DISTANCE OF 73.04 FEET; THENCE, DEPARTING FROM SAID CONCRETE BULKHEAD, S. 15 DEGREES 18' 04" W., A DISTANCE OF 445.00 FEET; THENCE, N. 74 DEGREES 41' 56" W., A DISTANCE OF 103.00 FEET; THENCE, N.15 DEGREES 18' 04" E., A DISTANCE OF 496.01 FEET; THENCE, S. 48 DEGREES 21' 12" E., A DISTANCE OF 41.90 FEET TO THE POINT OF BEGINNING. CONTAINING 48,462.09 SQUARE FEET, MORE OR LESS SURVEY OF SUBMERGED SOVEREIGNTY LAND IN THE ST. JOHNS RIVER, ADJACENT TO SECTION 26, TOWNSHIP 1 SOUTH, RANGE 28 EAST, DUVAL COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FOR POINT OF REFERENCE, COMMENCE AT THE INTERSECTION OF WESTERLY RIGHT OF WAY LINE OF HECKSCHER DRIVE (A 400-FOOT RIGHT OF WAY AS NOW ESTABLISHED) WITH THE NORTHWESTERLY RIGHT OF WAY LINE OF MYRTLE DRIVE (A PRIVATE DRIVE WITH A 60-FOOT RIGHT OF WAY, AS NOW ESTABLISHED); THENCE, S. 38 DEGREES 43' 01"W., THE NORTHEASTERLY RIGHT OF WAY LINE OF MCKENNA ROAD, AS NOW CLOSED BY CITY ORDINANCE 78-181-64, SAID COUNTY; THENCE DEPARTING FROM SAID NORTHEASTERLY RIGHT OF WAY, S. 4 DEGREES 23' 36" W., A DISTANCE OF 106.2 FEET TO THE NORTHEAST CORNER OF THAT LAND DESCRIBED IN OFFICIAL RECORDS VOLUME 3766, PAGE 102, CURRENT PUBLIC RECORDS OF SAID COUNTY; THENCE, S.. 22 DEGREES 27' 14:W., ALONG THE EAST LINE OF SAID LAND, A DISTANCE OF 613.81 FEET; THENCE, S. 73 DEGREES 32' 38" E., A DISTANCE OF 79.00 FEET TO A POINT ON THE SAFE UPLAND LINE OF THE ST. JOHNS RIVER AND THE POINT OF BEGINNING OF THE PARCEL TO BE DESCRIBED; THENCE, S. 5 DEGREES 13' 00" W., A DISTANCE OF 780.00 FEET; THENCE S. 74 DEGREES 47' 00" E., A DISTANCE OF 25.00 FEET; THENCE N. 15 DEGREES 13' 00" E., A DISTANCE OF 780.00 FEET TO SAID SAFE UPLAND LINE; THENCE N. 74 DEGREES 47' 00"W., ALONG SAID SAFE UPLAND LINE, A DISTANCE OF 25 FEET, TO THE POINT OF BEGINNING. CONTAINING 19,500 SQUARE FEET, MORE OR LESS.

ENDORSEMENT NO.

(Continued)

SURVEY OF SUBMERGED SOVEREIGNTY LAND IN THE ST. JOHNS RIVER, ADJACENT TO SECTION 26, TOWNSHIP SOUTH, RANGE 28 EAST, DUVAL COUNTY, FLORIDA, IS BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FOR POINT OF REFERENCE, COMMENCE AT THE INTERSECTION OF THE WESTERLY RIGHT OF WAY LINE OF HECKSCHER DRIVE (A 400 FOOT RIGHT OF WAY, AS NOW ESTABLISHED), WITH THE NORTHWESTERLY RIGHT OF WAY LINE OF MYRTLE DRIVE ( A PRIVATE DRIVE WITH 60 FOOT RIGHT OF WAY, AS NOW ESTABLISHED); THENCE S. 38 DEGREES 43' 01" W., ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE, A DISTANCE OF 643.50 FEET TO THE NORTHEASTERLY RIGHT OF WAY LINE OF MCKENNA ROAD, AS NOW CLOSED BY CITY ORDINANCE 78-181-6 SAID COUNTY; THENCE, DEPARTING FROM SAID NORTHEASTERLY RIGHT OF WAY, S. 23 DEGREES 52' 41" W., A DISTANCE OF 50.00 FEET TO A POINT OF NON-TANGENT INTERSECTION WITH A CURVE, CONCAVE TO THE SOUTHWEST A HAVING A RADIUS OF 1910.08 FEET, SAID POINT BEING ON THE FORMER CENTERLINE OF SAID MCKENNA RD THENCE NORTHWESTERLY 501.61 FEET, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 15 DEGREES 02' 47", A CHORD BEARING AND DISTANCE OF N. 73 DEGREES 38' 43" W., 500.17 FEET TO THE WESTERLY FACE OF AN EXISTING CONCRETE BULKHEAD AND THE POINT OF BEGINNING OF THE LAND TO BE DESCRIBED; THENCE S. 8 DEGREES 12' 03" W., A DISTANCE OF 45.00 FEET; THENCE N. 00 DEGREES 47' 57" W., A DISTANCE OF 255.20 FEET; THENCE N. 16 DEGREES 06' 03" E., A DISTANCE OF 106.68 FEET; THENCE S. 73 DEGREES 53' 57" E., A DISTANCE OF 45.00 FEET; THE S. 16 DEGREES 06'03" W., A DISTANCE OF 99.99 FEET; THENCE S. 00 DEGREES 47'57"E., A DISTANCE OF 248.51 FEET TO THE POINT OF BEGINNING; CONTAINING 15,983.30 SQUARE FEET OR 0.367 ACRES, MORE OR LESS SURVEY OF SUBMERGED SOVEREIGNTY LAND IN THE ST. JOHNS RIVER, ADJACENT TO SECTION 26, TOWNSHIP 1 SOUTH, RANGE 28 EAST, DUVAL COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FOR POINT OF REFERENCE, COMMENCE AT THE INTERSECTION OF WESTERLY RIGHT OF WAY LINE OF HECKSCHER DRIVE (A 400-FOOT RIGHT OF WAY AS NOW ESTABLISHED); WITH THE NORTHWESTERLY RIGHT OF WAY LINE OF MYRTLE DRIVE (A PRIVATE DRIVE WITH A 60- FOOT RIGHT OF WAY , AS NOW ESTABLISHED THENCE, S. 38 DEGREES 43' 01" W., ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE, A DISTANCE OF 643.50 FEET TO HE NORTHEASTERLY RIGHT OF WAY LINE OF MCKENNA ROAD, AS NOW CLOSED BY CITY ORDINANCE 78-181-64, SAID COUNTY; THENCE, DEPARTING FROM SAID NORTHEASTERLY RIGHT OF WAY, S. 23 DEGREES 52' 41" A DISTANCE OF 50.00 FEET TO A POINT OF NON-TANGENT INTERSECTION WITH A CURVE; CONCAVE TO THE SOUTHWEST AND HAVING A RADIUS OF 1910.08 FEET, SAID POINT BEING ON THE FORMER CENTERLINE OF SAID MCKENNA ROAD; THENCE, NORTHWESTERLY, 501.61 FEET ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 15 DEGREES 02' 47", A CHORD BEARING AND DISTANCE OF N. 73 DEGREES 38' 43" W., A DISTANCE OF 500.17 FEET TO THE WESTERLY FACE OF AN EXISTING CONCRETE BULKHEAD AND THE POINT OF BEGINNING OF THE LAND TO BE DESCRIBED; THENCE, S. 0 DEGREES 47' 57" E., ALONG SAID CONCRETE BULKHEAD, A DISTANCE OF 527.70 FEET TO AN ANGLE POINT; THENCE S, 10 DEGREES 21' 26"W., A DISTANCE OF 11.80 FEET TO THE MOST SOUTHERLY AND WESTERLY EDGE OF SAID BULKHEAD; THENCE, DEPARTING FROM SAID BULKHEAD, N. 48 DEGREES 21' 12" W., A DISTANCE OF 41.90 FEET; THENCE, S. 15 DEGREES 18' 04: W., A N. 89 DEGREES 12'03"E., A DISTANCE OF 45.00 FEET TO THE POINT OF BEGINNING. CONTAINING 23,724.01 SQUARE FEET, MORE OR LESS SURVEY OF SUBMERGED SOVEREIGNTY LAND IN THE ST. JOHNS RIVER, ADJACENT TO

ENDORSEMENT NO.

(Continued)

SECTION 26 TOWNSHIP 1 SOUTH, RANGE 28 EAST, DUVAL COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FOR POINT OF REFERENCE, COMMENCE AT THE INTERSECTION OF WESTERLY RIGHT OF WAY LINE OF HECKSCHER DRIVE (A 400-FOOT RIGHT OF WAY AS NOW ESTABLISHED); WITH THE NORTHWESTERLY RIGHT OF WAY LINE OF MYRTLE DRIVE ( A PRIVATE DRIVE WITH A 60 FOOT RIGHT OF WAY, AS NOW ESTABLISHED); THENCE S. 38 DEGREES 43' 01"W., ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE, A DISTANCE OF 643.50 FEET TO THE NORTHEASTERLY RIGHT OF WAY LINE OF MCKENNA ROAD, AS NOW CLOSED BY CITY ORDINANCE 78-181-64, SAID COUNTY; THENCE, DEPARTING FROM SAID NORTHWESTERLY, RIGHT OF WAY, S. 23 DEGREES 52; 41: W., A DISTANCE OF 50.00 FEET TO A POINT OF NON-TANGENT INTERSECTION WITH A CURVE CONCAVE TO THE SOUTHWEST AND HAVING A RADIUS OF 1910.08 FEET, SAID POINT BEING ON THE FORMER CENTERLINE OF SAID MCKENNA ROAD; THENCE, NORTHWESTERLY, 501.61 FEET ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 15 DEGREES 02' 47", A CHORD BEARING AND DISTANCE OF N. 73 DEGREES 38' 43" W., A DISTANCE OF 500.17 FEET TO THE WESTERLY FACE OF AN EXISTING CONCRETE BULKHEAD; THENCE, S. 0 DEGREES 47' 57" E., ALONG SAID CONCRETE BULKHEAD, A DISTANCE OF 527.70 FEET TO AN ANGLE POINT; THENCE, S. 10 DEGREES 21' 26" A DISTANCE OF 11.80 FEET TO THE MOST SOUTHERLY AND WESTERLY EDGE OF SAID BULKHEAD, SAID POINT BEING THE POINT OF BEGINNING OF THE PARCEL TO BE DESCRIBED; THENCE, S. 48 DEGREES 21' 12: E., A DISTANCE OF 73.04 FEET; THENCE, DEPARTING FROM SAID CONCRETE BULKHEAD, S. 15 DEGREES, 18' 04" W., A DISTANCE OF 445.00 FEET; THENCE, N. 74 DEGREES 41' 56" W., A DISTANCE OF 41.90 FEET TO THE POINT OF BEGINNING. CONTAINING 48,462.09 SQUARE FEET, MORE OR LESS. SURVEY OF SUBMERGED SOVEREIGNTY LAND IN THE ST. JOHNS RIVER, ADJACENT TO SECTION 26, TOWNSHIP 1 SOUTH, RANGE 28 EAST, DUVAL COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FOR POINT OF REFERENCE , COMMENCE AT THE INTERSECTION OF WESTERLY RIGHT OF WAY LINE OF HECKSCHER DRIVE (A 400-FOOT RIGHT OF WAY AS NOW ESTABLISHED) WITH THE NORTHWESTERLY RIGHT OF WAY LINE OF MYRTLE DRIVE (A PRIVATE DRIVE WITH A 60-FOOT RIGHT OF WAY, AS NOW ESTABLISHED); THENCE, S. 38 DEGREES 43' 01"W., ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE , A DISTANCE OF 643.50 FEET TO THE NORTHEASTERLY RIGHT OF WAY LINE OF MCKENNA ROAD, AS NOW CLOSED BY CITY ORDINANCE 78-181-64, SAID COUNTY; THENCE DEPARTING FROM SAID NORTHEASTERLY RIGHT OF WAY, S. 4 DEGREES 23' 36" W., A DISTANCE OF 106.52 FEET TO THE NORTHEAST CORNER OF THAT LAND DESCRIBED IN OFFICIAL RECORDS VOLUME 3766, PAGE 102, CURRENT PUBLIC RECORDS OF SAID COUNTY; THENCE, S. 22 DEGREES 27' 14"W., ALONG THE EAST LINE OF SAID LAND, A DISTANCE OF 613-81 FEET; THENCE, S. 73 DEGREES 32' 38" E., A DISTANCE OF 79.00 FEET TO A POINT ON THE SAFE UPLAND LINE OF THE ST. JOHNS RIVER AND THE POINT OF BEGINNING OF THE PARCEL TO BE DESCRIBED; THENCE, S. 15 DEGREES 13' 00" W., A DISTANCE OF 780.00 FEET; THENCE S. 74 DEGREES 47' 00" E., A DISTANCE OF 25.00 FEET; THENCE N. 15 DEGREES 13' 00" E., A DISTANCE OF 780.00 FEET TO SAID SAFE UPLAND LINE; THENCE N. 74 DEGREES 47' 00" W., ALONG SAID SAFE UPLAND LINE, A DISTANCE OF 25 FEET, TO THE POINT OF BEGINNING, CONTAINING 19,500 SQUARE FEET, MORE OR LESS. A part of the submerged lands of Sisters Creek lying Northwesterly of the Southeasterly bank thereof and adjacent to the uplands of Section 26, Township 1 South, Range 28

ENDORSEMENT NO.

(Continued)

East, Duval County, Florida, and being more particularly described as follows: COMMENCE at the intersection of the Southwesterly right-of-way line of Heckscher Drive (State Road No. 105, a 400 foot right-of-way) with the Northwesterly right-of-way line of Myrtle Drive ( a 60 foot private right-of-way); Thence South 38 degrees 39' 20". West, a distance of 712.58 feet to the Point of Beginning; Thence South 17 degrees 06' 13" West, a distance of 7.50 feet; Thence North 73 degrees 46' 38" West, a distance of 160.96 feet; Thence South 16 degrees 13' 22" West, a distance of 15.00 feet; Thence South 73 degrees 46' 38" East, a distance of 161.19 feet; Thence South 17 degrees 06' 13" West, a distance of 7.50 feet to the Point of Beginning. Containing 2,416 square feet, more or less. Those parts of Section Twenty-five (25) and/or Twenty-six (26), Township One (1), South, Range Twenty-eight (28) East, according to plot of that part of said Township lying North of the St. Johns River, approved by Fred C. Elliot, Chief Drainage Engineer of the State of Florida in May 1945 and on file in the office of the Commissioner of Agriculture of the State of Florida, more particularly described as follows: Commencing at a State Road Monument, monumenting the P.C., of a curve situate in the Southwesterly right of way line of Heckscher Drive, State Road No. 105 (a 400 foot right of way as now established) said from the Southeasterly bank of Sisters Creek and/or the Intercoastal Waterway as measured along said Southwesterly right of way line of Heckscher Drive; thence North Thirty-seven(37) degrees Thirty-one (31) minutes Thirty (30) seconds West along said Southwesterly right of way line of Heckscher Drive, Ninety-nine(99) feet, more or less, to the waters of said Sisters Creek for point of beginning; thence South Thirty-seven (37) degrees Thirty-one (31) minutes Thirty (30) seconds East along said Southwesterly right of way line of Heckscher Drive, Ninety-nine (99) feet, more or less to the aforementioned P.C. of a curve to the right, having a radius of Five Thousand Five hundred Twenty-nine and Fifty-eight Hundredths (5529.58) feet; thence around and a long the curved Southwesterly right of way line of Heckscher Drive, South Thirty-four (34) degrees Forty-six (46) minutes Forty-two (42) seconds East, Five Hundred Thirty and One Hundredths (530.01) feet (chord distance and bearing) to the Northwesterly right of way line of Myrtle Drive (a 60- foot proposed right of way); thence South Thirty-eight (38) degrees Thirty-nine (39) minutes Twenty (20) seconds West along said Westerly right of way line of Myrtle Drive, Six Hundred Forty-three and Fifty Hundredths (643.50) feet to the curved Northeasterly right of way line of McKenna Road (formerly Old Heckscher Drive, a 100-foot right of way as now established), said curved Northeasterly right of way line of McKenna Drive, being concave to the Southwest and having a radius of One Thousand Nine Hundred Sixty and Eight Hundredths (1,960.08) feet; thence North Sixty-nine (69) degrees Ten (10) minutes Zero (00) seconds West along said curved Northeasterly right of way line of McKenna Road, Two Hundred Fifteen and Thirty-eight Hundredths (215.30) feet (chord bearing and distance) to the most Westerly line of those lands described in Deed recorded in Official Records Book 1736, page 492 of the current public records said County; thence North Ten (10) degrees Eleven (11) minutes Thirty-five (35) seconds East along the most Westerly line of said lands described in Official Records Book 1736, page 492, a distance of Five Hundred Eleven and Thirty-seven Hundredths (511.37) feet to the Northeasterly corner thereof; thence North Seventy-nine (79) degrees Forty-eight (48) minutes Twenty-five (25) seconds West along the Northerly line of said lands described in Official-Records Book 1736, page 492, a distance of Two Hundred Forty-three (243) feet, more or less, to the waters of said Sisters Creek; thence Northeasterly along the waters of Sisters Creek and following the meanderings thereof, Five Hundred Fifty-five (555) feet, more or less to the point of beginning(ORB 3537, Page 41) That certain place, parcel of tract of land, situate, lying and being a part of Section 26, Township 1

ENDORSEMENT NO.

(Continued)

South, Range 28 East, Duval County, Florida, and all being more particularly described as follows: Commencing at the Southeasterly corner of those certain lands described in deed recorded in Official Records Volume 1736, page 492, of the current public records of said county, said point being situate in the curved Northerly right of way line of McKenna Road ( a 100-foot right of way as now established), said curved Northerly right of way line being concave to the South and having a radius of 1960.08 feet; thence South 69 degrees 10' 00" East around and along said curve and continuing along said Northerly right of way line of McKenna Road, 215.38 feet (chord bearing and distance); thence South 4 degrees 23' 36" West, 106.52 feet to the curved Southerly right of way line of said McKenna Road, said curved Southerly right of way line being concave to the South and having a radius of 1060.08 feet, for a point of beginning; thence North 72 degrees 47' 43" West around and along said curve and along the Southerly right of way line of McKenna Road, 509.56 feet (chord bearing and distance) to an iron pipe; thence continuing Westerly along said curved Southerly right of way lien of McKenna Road, 10.0 feet, more or less, to the waters of Sisters Creek; thence Southerly and South-easterly along the waters of Sisters Creek and along the waters of the St. Johns River and following the meanderings thereof, 810.0 feet, more or less, to a point which bears South 22 degrees 27' 14" West, 630.0 feet, more or less, from the point of beginning; thence North 22 degrees 27' 14" East, 630.0 feet, more or less, to the point of beginning. TOGETHER with riparian rights thereunto appertaining. COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 25; THENCE, S.00 DEGREES 56' 20" E BY AND ALONG THE WEST BOUNDARY OF SAID SECTION, A DISTANCE OF 4284.72 FEET; THENCE, S. 67 DEGREES 32' 46" E. A DISTANCE OF 70.34 FEET; THENCE, S. 22 DEGREES 27' 14" W., A DISTANCE OF 50.0 FEET TO THE "SAFE" UPLAND LINE AT ELEVATION 2.90 AND THE POINT OF BEGINNING; THENCE, CONTINUE S. 22 DEGREES 27' 14" W., A DISTANCE OF 100.0 FEET; THENCE, S. 67 DEGREES 32' 46" E., A DISTANCE OF 10.0 FEET; THENCE, n. 22 DEGREES 27' 14" E. N. 67 DEGREES 32' 46" W., BY AND ALONG SAID LINE, A DISTANCE OF 10.0 FEET TO THE POINT OF BEGINNING. A part of the submerged lands of the St. Johns River lying Southerly of the Northerly bank thereof and adjacent to the uplands of Section 26, Township 1 South, Range 28 East, Duval County, Florida, and being more particularly described as follows: COMMENCE at the intersection of the Southerly right-of-way line of Heckscher Drive (State Road No. 105, a 400 foot right-of-way, as now established), with the Northwesterly right-of-way line of Myrtle Drive ( a 60 foot private right-of-way, as now established), thence South 38 degrees, 39' 20" West, along last said line, a distance of 643.50 feet to an Intersection with the Northeasterly right-of-way line of McKenna Drive ( a 100 foot right-of-way, as now established), thence South 17 degrees 13' 50" West, 754.92 feet, thence South 62 degrees 33' 12" East, 299.14 feet; thence South 74 degrees 44' 27" East, 48.49 feet; thence South 15 degrees 15' 33" West, 650.00 feet to the POINT OF BEGINNING; thence South 74 degrees 44' 27" East, 410.00 feet; thence South 15 degrees 15' 33" West, 25.00 feet; thence South 34 degrees 45' 33" West, 330.00 feet; thence North 52 degrees 15' 33" West, 260.00 feet; thence South 34 degrees 45' 33" west, 330.00 feet; thence north 52 degrees 29' 31" west, 372.58 feet; thence North 15 degrees 15' 33" East, 250.00 feet; thence North 74 degrees 44' 27" West, 115.00 feet; thence North 15 degrees 15' 33" East, 180.00 feet; thence South 74 degrees 44' 27" East, 160.00 feet to the POINT OF BEGINNING. Containing 5.488 acres, more or less, in area. COMMENCE at the intersection of the Southwesterly right-of-way line of Heckscher Drive (State Road No. 105, a 400 foot right-of-way) with the Northwesterly right-of-way line of Myrtle Drive ( a 60 foot private right-of-way); Thence South 38 degrees 39' 20" West along last said right-of-way line a distance of 643.50 feet; Thence South 17 degrees 20' 30" West , a distance of 755.82 feet;

ENDORSEMENT NO.

(Continued)

Thence South 63 degrees 35' 54" East, a distance of 194.58 feet to the Point of Beginning: Thence continue South 63 degrees 36' 54" East, a distance of 173.19 feet; Thence North 25 degrees 50' 35" East, a distance of 8.93 feet; Thence South 63 degrees 43'a 54" East, a distance of 38.29 feet; Thence South 75 degrees 02' 30" East, a distance of 50.99 feet; Thence South 64 degrees 52'39" East, a distance of 50.01 feet; Thence South 72 degrees 49'19" East, a distance of 35.52 feet; Thence South 15 degrees 22'13" West, a distance of 638.50 feet; Thence North 74 degrees 37' 47" West, a distance of 91.87 feet; Thence South 31 degrees 58' 38" West, a distance of 70.44 feet; Thence South 15 degrees, 22', 13" West, a distance of 34.00 feet; Thence North 74 degrees 37' 47" West, a distance of 14.00 feet; Thence North 15 degrees 22' 13" East, a distance of 34.00 feet; Thence north 01 degrees 14' 12" West, a distance of 70.44 feet; Thence North 74 degrees 37' 47" West, a distance of 117.74 feet; Thence South 31 degrees 58' 38" West, a distance of 70.44 feet; Thence South 15 degrees 22' 13" West, a distance of 34.00 feet; Thence 74 degrees 37' 47" West a distance of 14.00 feet; Thence North 15 degrees 22' 13" East, a distance of 34.00 feet; Thence north 01 degrees 14' 12" West, a distance of 70.44 feet; Thence North 74 degrees 37' 47" West , a distance of 26.87 feet; Thence North 15 degrees 22' 13" East, a distance of 679.27 feet to the Point of Beginning. Containing 231,226 square feet, more or less. COMMENCE at the intersection of the Southwesterly right-of-way line of Heckscher Drive (state Road no. 105, a 400 foot right-of-way) with the Northwesterly right-of-way line of Myrtle Drive ( a 60 foot private right-of-way); Thence South 38 degrees 39' 20" West along last said right-of-way line a distance of 643.50 feet; Thence South 17 degrees 20' 30" West, a distance of 755.82 feet; Thence South 63 degrees 36' 54" East, a distance of 155.98 feet to the Point of Beginning; Thence continue South 63 degrees 36' 54" East, a distance of 211.79 feet; Thence North 25 degrees 50' 35" East, a distance of 8.93 feet; Thence north 63 degrees 43' 54" West, a distance of 11.71 feet; Thence North 55 degrees 12' 03" West, a distance of 50.56 feet; Thence North 62 degrees 35' 09" West, a distance of 50.01 feet; Thence North 54 degrees 38' 29" West, a distance of 50.64 feet; Thence North 88 degrees 26' 03" West, a distance of 55.04 feet; Thence South 26 degrees 16' 06" West, a distance of 2.00 feet to the POINT OF BEGINNING. Containing 3,308 square feet, more or less. A part of the submerged lands of the St. Johns River lying Southerly of the Northerly bank thereof and adjacent to the uplands of Sections 26, Township 1 South, Range 28 East, Duval County, Florida, and being more particularly described as follows: COMMENCE at the intersection of the Southerly right-of-way line of Heckscher Drive (State Road No. 105, a 400 foot right-of-way, as now established), with the Northwesterly right-of-way line of Myrtle Drive ( a 60 foot private right-of-way, as now established), thence South 38 degrees 39' 20" West, along last said line, a distance of 643.50 feet to an intersection with the Northeasterly right-of-way line of McKenna Drive (a 100 foot right-of-way, as now established), thence South 17 degrees 13' 50" West, 754.92 feet to the POINT OF BEGINNING; thence South 63 degrees 411' 50" East, 25.30 feet; thence South 26 degrees 18' 10" West, 85.00 feet; thence North 63 degrees 41' 50" West, 210.00 feet; thence North 26 degrees 18' 10" East, 85.00 feet; thence South 63 degrees, 41' 50" East, 184.70 feet to the POINT OF BEGINNING. Containing 17,850 square feet, more or less, in area. A portion of the submerged lands of the St. Johns River lying Southerly of the Northerly bank thereof and adjacent to the uplands of Section 26, Township 1 South, Range 28 East, Duval County, Florida, and being more particularly described as follows: COMMENCE at the intersection

ENDORSEMENT NO.

(Continued)

of the Southwesterly right-of-way line of Heckscher Drive (State Road No. 105. a 400 foot right-of-way, as now established), with the Northwesterly right-of-way, as now established), with the Northwesterly right-of-way line of Myrtle Drive ( a 60 foot private right-of-way, as now established), thence South 38 degrees, 39', 20" West, along last said line, a distance of 643.50 feet to an intersection with the Northeasterly right-of-way line of McKenna Drive in 100 foot right-of-way, as now established), thence South 40 degrees 42' 30" West, 614.52 feet to the Easterly face of an existing concrete bulkhead and the POINT OF BEGINNING: thence South 16 degrees 04' 19" West, along last said line, 421.33 feet; thence South 74 degrees 35' 06" East, 46.00 feet to an intersection with the Southerly prolongation of the Westerly face of an existing concrete bulkhead; thence North 16 degrees 01' 19" East, along last said line, 421.33 feet; thence North 74 degrees 35' 06" West, 46.0 feet to the Point of Beginning. Containing 19,380 square feet, more or less, in area EXTENDED BULKHEAD SUBMERGED LAND LEASE PARCEL A part of the submerged lands of the St. Johns River lying Southerly of the Northerly bank thereof and to the uplands of Section 25, Township 1 South, Range 28 East, Duval County, Florida, and being more particularly described as follows: COMMENCE at the intersection of the Southwesterly right-of-way line of Heckscher Drive (State Road No. 105, a 400 foot right-of-way) with the Northwesterly right-of-way line of Myrtle Drive (a 60 foot private right of way); Thence South 38 degrees 39' 20" West along last said right-of-way line, a distance of 643.50 feet; Thence South 17 degrees, 20' 30" West, a distance of 755.82 feet; Thence South 63 degrees 36' 54" East, a distance of 546.06 feet to the intersection with the Easterly line of Submerged land lease parcel #161530849 and the Point of Beginning; Thence South 15 degrees 22' 13" West, along last said Easterly line, a distance of 19.30 feet; Thence South 62 degrees 38' 01" East, a distance of 134.38 feet; Thence North 25 degrees 38' 04" East, a distance of 50.43 feet; Thence North 63 degrees 37' 58" West, along the face of an existing concrete bulkhead, a distance of 143.05 feet; Thence South 15 degrees 22' 13" West, a distance of 29.68 feet to the Point of Beginning. Containing 6,826 square feet, more or less. A portion of Section 25, Township 1 South, Range 28 East , Duval County, Florida, according to plat of that part of said Township, lying North of the St. Johns River, approved by Fred C. Elliott, Chief Drainage Engineer for the State of Florida, in May, 1945, and on file in the office to the Commissioner of Agriculture of the State of Florida, the land hereby conveyed being more particularly described as follows: Commencing at a point where the line dividing Section 25, Township 1 South, Range 28 East, from Section 30, Township 1 South, Range 29 East, intersects the centerline of the pavement of Heckscher Drive (State Road # 105) and run thence South 36 degrees, 53', 20" West along the center of pavement of said Heckscher Drive, a distance of 1,022.13 feet to the point of tangency of curve #36, as described in that certain Deed from the North Shore Corporation to the State of Florida, recorded in the current public records of Duval County, Florida, in Deed Book 1015, page 54, run thence along the long chord of said curve #36, South 43 degrees 37' 25" West, a distance of 268.85 feet to a point in the center of pavement of said Heckscher Drive at the point of curvature of said curve #36, thence run South 50 degrees, 21', 30" West along the centerline of said pavement, a distance of 2,430.65 feet to the point of tangency of curve #35, as described in the aforementioned Deed from the North Shore corporation to the State of Florida, recorded in the

ENDORSEMENT NO.

(Continued)

current public records of Duval County, Florida in Deed Book 1015, page 54; run thence along the long chord of said curve #35, South 72 degrees, 24', 35" West, a distance of 538.21 feet to the point of curvature of said curve #35; thence continuing along centerline of pavement, North 85 degrees, 32', 20" West, 767.75 feet to the point of tangency of curve No. 34 in said centerline; thence continuing along said centerline and along said curve #34, North 68 degrees, 38' West, 555.63 feet (chord bearing and distance) to the point of curvature of said curve; thence continuing along said centerline, North 51 degrees, 43', 40 West , 610 feet; thence South 38 degrees, 16', 20" West and at right angles to said centerline, 50 feet for a point of beginning; thence South 51 degrees, 43', 40" East along the Southerly right of way line of said Heckscher Drive (now known as McKenna Road), 100.0 feet; thence South 38 degrees, 16', 20" West, 405 feet, more or less, to the Northerly bank of the St. Johns River; thence Westerly along said Northerly bank of the St. Johns River and following which lies South 38 degrees, 16', 20" West, 425 feet, more or less, from the point of beginning, thence North 38 degrees, 16', 20" East, 425 feet, more or less, to the Point of Beginning.

PARCEL A That certain piece, parcel or tract of land, situate, lying and being a part of Sections 25 and 26, Township 1 south, Range 28 East, City of Jacksonville, Duval County, Florida, and being more particularly described as follows: Commencing at the point of tangency at the Easterly end Curve No. 33 on the Southerly right of way line of McKenna Drive (formerly Heckscher Drive) (a 100-foot right of way as described in Deed from the North Shore Corporation to the state of Florida, and recorded in Deed Book 1015, page 54 of the Current public Records of said County); from the point of commencement thus described, run thence South 51 43'40" East along said Southerly right of the way line of McKenna Drive, 81.25 feet for a point of beginning; thence North 51 43'40" West along said Southerly right of way line of McKenna Drive, North 81.25 feet to said aforementioned point of tangency of Curve No. 33, said Curve No. 33 being concave to the southwest and having a radius of 1860.08 feet; thence around and along said Southerly right of the way line of McKenna Drive, North 58 19'15" West, 427.35 feet 9 chord bearing and distance) to the Northeast corner of those certain lands described in Deed, recorded in Official Records Volume 3766, Page 1042; thence South 22 27'14" West, along the Easterly line of said last mentioned lands, 635 feet, more or less, to a point which lies South 22 27'14" West, 565 feet, more or less, from the point of beginning; thence north 22 27'14" East, 565 feet, more or less, to the point of beginning; containing 7 acres, more or less.(ORB 5518, page 1290 AD) PARCEL B: That certain piece, parcel or tract of land, situate, lying and being a part of Sections 25 and 26, Township 1 south, Range 28 East, City of Jacksonville, Duval County, Florida, and being more particularly described as follows: Beginning at the point of tangency at the Easterly end of curve No. 33 on the Northerly right of way line of McKenna Drive (formerly Heckscher Drive) (a 100-foot right of way as described in Deed from the North Shore Corporation to the state of Florida, and recorded in Deed Book 1015, page 54 of the Current public Records of said County), said Curve No. 33 having an radius of 1960.08 feet and being concave to the Southwest; thence around and along said curve and along said Northerly right of way line of McKenna Drive, North 57 58'18" West 426.36 feet (chord bearing and distance) to its intersection with the southeasterly right of way line of Myrtle Drive, (a 60-foot private right of way); thence North 38 43' 01' East along said Southeasterly right of way line of Myrtle Drive, 606.53 feet to its intersection with the Southwesterly right of way line of State Road #105 and/or Heckscher drive ( a 400-foot right of way as now established by the Department of Transportation of the State of Florida), said Southerly

ENDORSEMENT NO.

(Continued)

right of way line being at curve concave to the Southwest and having a radius of 5529.578; thence around and along said curve, South 30 56'51" East, 81.65 feet ( chord bearing and distance) to the P.T. of the said curve; thence South 30 31'30" East and continuing along said Southerly right of way line of state Road # 105, 1201.53 feet to the P.C. of a curve to the right, having a radius of 50.00 feet; thence around and along said curve and continuing along said right of way line of State Road # 105, South 48 52'25" West, 98.29 feet (chord bearing and distance) to the P.T. of said curve and a point situate in said Northerly right of way line of McKenna Drive; thence North 51 43'40" West along said Northerly right of way line of McKenna Drive, 758.32 feet to the point of beginning; containing 9.255 acres, more or less.(ORB 6596. page 126 AD) PARCEL C: That certain piece, parcel or tract of land, situate, lying and being a part of Sections 25 and 26, Township 1 south, Range 28 East, City of Jacksonville, Duval County, Florida, and being more particularly described as follows: Commencing at the point of tangency at the easterly end of Curve No. 33, on the Northerly right of way line of McKenna Drive (formerly Heckscher Drive) (a 100-foot right of way as described in Deed from the North Shore Corporation to the state of Florida, and recorded in Deed Book 1015, page 54 of the Current public Records of said County); said Curve No. 33 having an radius of One Thousand Nine hundred Sixty and eight hundredths (1,960.08) feet and being concave to the southwest; thence around and along said curve and along said Northerly right of McKenna Drive North (57) degrees, (58) minutes , (18) seconds West 436.36 feet (chord bearing and distance) to its intersection with the Southeasterly right of way line of Myrtle Drive ( a 60-foot private right of way) for a point of beginning; thence North (38) degrees, (43) minutes, (01) second East, along said Southeasterly right of way line of Myrtle Drive, (606.530 feet to its intersection with the Southwesterly right of way line of State Road No. 105 and/or Heckscher Drive ( a 400-foot right of way as now established by the Department of Transportation of the State of Florida), said Southerly right of way line being a curve, concave to the Southwest and having an radius of 5,529.578 feet; thence around and along said curve; North(31) degrees, (41) minutes, (56) seconds West, (63.69) feet (chord bearing and distance); thence South (38) degrees, (43) minutes, (01) second West, along the Northeasterly right of way line of Myrtle Drive , (643.50) feet to a point of situate in said Northerly right of way line of McKenna Drive, South (65) degrees, (53) minutes, (05) seconds East, (61.97) feet (chord bearing and distance) to the Point of Beginning. Together with riparian rights there unto appertaining. A portion of section 25, township 1 South, Range 28 East, Duval County, Florida, being more particularly described as follows: For point of reference, commence at the intersection of the Northwesterly line of myrtle drive (a private road) with the Southwesterly right-of-way line of Heckscher drive (a 400 foot right-of-way); thence S. 38'39'20 W. along said northwesterly line of myrtle drive, a distance 643.61; feet; thence S. 04'23'36 W. a distance of 106.45 feet; to a point on the former Southwesterly right-of-way line of Mckenna Drive (formerly Heckscher drive) as now closed by ordinance 83-807-424 said point being on the arc of a curve concave to the Southwest and having a radius of 1860.08 feet thence southwesterly, 432.68 feet along the arc of a curve, concave to the Southwest and having a radius of 1860.08 feet thence Southeasterly 432.68 feet along the arc of said curve, through a central angle of 13'19'40 a chord bearing and distance of S.58'23'30 431.70 feet to a point of tangency; thence continue along said former Southwesterly right-of-way s51'43'40 a distance of 77.31 feet to a point where said Mckenna drive is still a public right-of-way, said point being on the Southeasterly line of that land as described in the Official records Volume 5518, page 1290, Public records of said county and the point of the beginning of the land to be described ; thence Continue S.51'43'40E., a distance of 1019.79 feet; thence

ENDORSEMENT NO.

(Continued)

departing from the Southwesterly right-of-way line of said Mckenna drive, S. 38'17'31w along the Northwesterly line of that land described; in official records Volume 5162, page 1089 a distance of 375.08 feet to a found inch iron pipe; thence continue along said line, s.38'1731 W. A distance of 25 feet, more or less to the waters of the St. Johns river; thence Northwesterly, St. Johns river; thence Northwesterly, along the St. Johns river a distance of 889 feet, more or less to the intersection of said Southeasterly line of official records Volume 5518, page 1290, said point bearing s.22'27'14W from the point of beginning; thence N. 22'27'14E along said Southeasterly line, a distance of 22 feet, more or less to a found inch iron pipe; thence continue along said Southeasterly line. N.22'27'14'E, distance of 537.94 feet to the point of beginning. Map Showing A part of the submerged lands of Sisters Creek lying Northwesterly of the Southeasterly bank thereof and adjacent to the uplands of Section 26, Township 1 South, Range 28 East, Duval County, Florida, and being more particularly described as follows/ Commence at the intersection of the Southwesterly right-of-way line of Heckscher Drive (State Road No. 105, a 400 foot right-of-way) with the Northwesterly right-of-way line of Myrtle Drive (a 60 foot private right-of-way); Thence South 3839'20" West along last said right-of-way line, a distance of 30.52 feet; Thence North 7346'38" West a distance of 873.65 feet to the Point of Beginning; Thence North 1613'22" East, a distance of 66.00 feet; Thence North 7346'38" West, a distance of 232.00 feet; Thence South 1613'22" West, a distance of 132.00 feet; Thence South 7346'38 East, a distance of 232.00 feet, Thence North 1613'22" East a distance of 66.00 feet to the Point of Beginning. Map Showing A part of submerged lands of Sisters Creek (Intercoastal Waterway), lying Westerly of the Easterly bank thereof and adjacent to the uplands of Section 26, Township 1 South, Range 28, East, Duval County, Florida being more particularly described as follows: Commence at the intersection of the Southwesterly right-of-way line of Heckscher Drive (State Road No. 105, a 400 foot right-of-way) with the Northwesterly right-of-way line of Myrtle Drive (a 60 foot private roadway); thence North 8646'54" West, 823.51 feet to a point situate in the Westerly face of an existing concrete bulkhead at the Easterly bank of Said Sisters Creek for a Point Beginning; thence North 1543'19" East along the Northeasterly prolongation of the Westerly face of said existing concrete bulkhead, a distance of 31.00 feet; thence North 7416'41" West, 174.10 feet; thence South 1543'19" West, 96 feet, thence South 7416,41" East, 174.10 feet to an intersection with the Southwesterly prolongation of the Westerly face of said existing concrete bulkhead; thence North 1543'19" East along last said line, a distance, of 65.00 feet to the point of beginning. Containing 0.38 acres, more or less. Legal Descriptions Those parts of Section Twenty-five (25) and/or Twenty-six (26), Township One (1), South, Range Twenty-eight (28) East, accordingly to plat of that part of said Township lying North of the St. Johns River, approved by Fred C. Elliot, Chief Drainage Engineer of the State of Florida in May 1945 and on file in the office of the Commissioner of Agriculture of the State of Florida, more particularly as described as follows: Commencing at a State Road Monument, monumenting the P.C. of a curve situate in the

ENDORSEMENT NO.

(Continued)

Southwesterly right of way line of Heckscher Drive, State Road No. 105 ( a 400 foot right of way as now established) said P.C. being situate Ninety-nine (99) feet, more or less, Southeasterly from the Southeasterly bank of Sisters Creek and/or the Intercoastal Waterway as measured along said Southwesterly right of way line of Heckscher Drive; thence North Thirty-seven (37) degrees Thirty-one (31) minutes Thirty (30) seconds West along said Southwesterly right of way line of Heckscher Drive; Ninety-nine (99) feet, more or less, to the waters of said Sisters Creek for point of beginning; thence South Thirty-seven (37) degrees Thirty-one (31) minutes, Thirty (30) seconds East along said Southwesterly right of way line go Heckscher Drive, Ninety-nine (99) feet, more or less to the aforementioned P.C. of a curve to the right, having a radius of Five Thousand Five Hundred Twenty-nine and Fifty-eight Hundredths (5529.58) feet; thence around along the curved Southwesterly right of way line of Heckscher-Drive, South Thirty-four (34) degrees Forty-six (46) minutes forty-two (42) seconds East, Five Hundred Thirty and One Hundredths (530.01) feet (chord distance and bearing) to the Northwesterly right of way line of Myrtle Drive (a 60-foot proposed right of way); thence South Thirty-eight (38) degrees Thirty-nine (39) minutes Twenty (20) seconds West along said Westerly right of way line of Myrtle Drive (a 60-foot proposed right of way); thence South Thirty-eight (38) degrees Thirty-nine (39) minutes Twenty (20) Seconds West along said Westerly right of way line of Myrtle Drive, Six Hundred Forty-three and Fifty Hundredths (643.50) feet to the curved Northeasterly right of way line of McKenna Road (formerly Old Heckscher Drive, a 100-foot right of way as now established), said curved Northeasterly right of way line of McKenna Drive, being concave to the Southwest and having a radius of One Thousand Nine Hundred Sixty and Eight Hundredths (1960.08) feet; thence North Sixty-nine (69) degrees Ten (10) minutes Zero (00) seconds West along said curved Northeasterly right of way line of McKenna Road, Two Hundred Fifteen and Thirty-eight Hundredths (215.38) feet (chord bearing and distance), to the most Westerly line of those lands described in Deed recorded in Official Records Book 1736, page 492, of the current public records of said County; thence North Ten (10) degrees Eleven (11) minutes Thirty-five (35) seconds East along the Most Westerly line of said lands described in Official Records Book 1736, page 492, a distance of Five Hundred Eleven and Thirty-seven Hundredths (511.37) feet to Northeasterly corner thereof; thence North Seventy-nine (79) degrees Forty-eight (48) minutes Twenty-five (25) seconds West along the Northerly line of said lands described in Official Records Book 1736, page 492, a distance of Two Hundred Forty-three (243) feet, more or less, to the waters of said Sisters Creek; thence Northeasterly along the waters of Sisters Creeks and following the meanderings thereof, Five Hundred Fifty-five (555) feet, more or less to the point of beginning. (ORB 3537, page 41 AM) Part of Section 26, Township 1 South, Range 28 East, according to the plat of that part of said Township lying North of the St. Johns River, approved by Fred C. Elliot, Chief Drainage Engineer of the State of Florida in May, 1945 and on file in the office of the Commissioner of Agriculture of the State of Florida ,more particularly described as follows: Commencing at the Southeast corner of the lands described in Deed recorded in deed Book 546, pages 230 and 231, of the current public records of the Duval County, Florida, said point being located in the Northerly right of way line of Old Heckscher Drive (a 100 foot right of way) 213 feet, more of less, Easterly from the Easterly bank of Sisters Creek; run thence in a Southeasterly directions along the Northerly right of way line of Old Heckscher Drive 100 feet more or less to a point in said Northerly right of way line located in a line drawn parallel to and 100 feet Easterly from the Easterly boundary of said lands described in said Deed recorded in Deed Book 546, pages 230-231, of said Records; run thence North 10 degrees 11 minutes 35 seconds East, 100 feet distant from and parallel to said Easterly boundary and along the Northeasterly extension thereof to a point 500 feet more or less, distant, which would be located in a line drawn parallel to and 200 feet Northerly from the Northerly line of the lands described in Deed recorded in deed Book 1608,

ENDORSEMENT NO.

(Continued)

pages 199 and 200 of the current public records of Duval County, Florida; run thence North 79 degrees 48 minutes and 25 seconds West along said line drawn 200 feet Northerly from and parallel with said Northerly line of said lands described in Deed recorded in deed Book 1608, pages 199 and 200, to the Easterly banks of Sisters Creek and following the meanderings thereof to the point of intersection of said bank with said Northerly line of said lands described in said Deed Book 1608, page 199 and 200; run thence South 79 degrees 48 minutes 25 seconds East along the Northerly line of the lands last aforesaid to the Northeasterly most corner thereof; run thence South 10 degrees 11 minutes 35 seconds West 300.82 feet along the Easterly line of said lands described in Deed Books 1608, page 199, and 546, page 230, to said Northerly right of way lines of said Old Heckscher Drive and to the point begging aforesaid; together with riparian rights thereunto to appertaining, but without guarantee or warranty of said riparian rights. (ORB 330, page 875 AM) Parcel B That certain piece, parcel or tract of land, situated, lying and being part of Sections 25 and 26, Township 1 South, Range 28 East, City of Jacksonville, Duval County, Florida, and being more particularly described as follows: Beginning at the point of tangency at the Easterly end of Curve No. 33 on the Northerly right of way line of McKenna Drive (formerly Heckscher Drive) (a 100-foot right of way as described in deed from North Shore Corporation of the State of Florida, and recorded in Deed Book 1015, Page 54 of the Current Public Records of said County) said Curve No. 33 having a radius of 1960.05 feet and being concave to the Southwest, thence around and along said curve and along said Northerly right of way line of McKenna Drive; North 5758'18" West 426.36 feet (chord bearing and distance) to its intersection with the Southeasterly right of way line of Myrtle Drive (a 60 foot private right of way); thence North 3843'01" East along said Southeasterly right of way line of Myrtle Drive, 606.53 feet to its intersections with the Southwesterly right of way line of State Road # 1055 and/or Heckscher Drive (a 400-foot right of way as now established by the Department of Transportation of the State of Florida), said Southerly right of way line being a curve concave to the Southwest and having a radius of 5529.578; thence around and along said curve, South 3056'51" East, 81.65 feet (chord bearing and distance) to the P.T. of said curve thence South 3031'30" East and continuing along said Southerly right of way line of State Road #105, 1201.53 feet to the P.C. of a curve to the right, having a radius of 50.00 feet; thence around along said curve and continuing along said right of way line of State Road #105, South 4852'25" West, 98.29 feet (chord bearing and distance) to the P.T. of said curve and a point situated in said Northerly right of way line of McKenna Drive; thence North 5143'40" West along said Northerly right of way line of McKenna Drive, 759.32 feet to the point of beginning; containing 9.255 acres, more or less. (ORB 6500, page 2212 AM) Parcel C: That certain piece, parcel or tract of land situated, lying and being part of Sections Twenty-five (25) and Twenty-six (26), Township One (1) South, Range Twenty-eight (28) East, City of Jacksonville, Duval County, Florida and being more particularly described as follows: Commencing at the point of tangency at the Easterly end of Curve No.33, on the Northerly right of way line of McKenna Drive (formerly Heckscher Drive) (a 100-foot right of way as described from the North Shore Corporation to the State of Florida, and recorded in Deed Book 1015, page 54 of

ENDORSEMENT NO.

(Continued)

the current public records of said County), said Curve No. 33 having a radius of One Thousand Nine Hundred Sixty and eight hundredths (1960.08) feet and being concave to the Southwest; thence around and along said curve and along said Northerly right of way line of McKenna Drive, North fifty-seven (57) degrees, fifty-eight (58) minutes, eighteen (18) seconds West, Four hundred twenty-six and thirty-six hundredths (426.36) feet (chord bearing and distance) to its intersection with the Southeasterly right of way line of Myrtle Drive (a 60-foot private right of way) for a point of beginning; thence North thirty-eight (38) degrees, forty-three (43) minutes, one (1) second East along said Southeasterly right of way line of Myrtle Drive, Six hundred sic and fifty-three hundredths (606.53) feet to its intersection with the Southwesterly right of way line of State Road No. 105 and/or Heckscher Drive(a 400-foot right of way as now established by the Department of Transportation of the State of Florida), said Southerly right of way line being curve, concave to the Southwest and having a radius of five thousand, five hundred twenty-nine and five hundred seventy-eight thousandths (5529.578) feet; thence around and along said curve, North thirty-one (31) degrees, forty-one (41) minutes, fifty-six (56) seconds West, Sixty-three and sixty-nine hundredths (63.69) feet (chord bearing and distance); thence South thirty-eight (38) degrees, forth-three (43) minutes, one (01) second West, along the Northwesterly right of way line of Myrtle Drive, Six Hundred forty-three and fifty hundredths (643.50) feet to a point situated in said Northerly right of way line of McKenna Drive, thence around and along said Northerly right of way line of McKenna Drive, South sixty-five (65) degrees, fifty-three( 53) minutes, five (05) seconds East Sixty-one and ninety-seven hundredths (61.97) feet (chord bearing and distance) to the Point of Beginning. (ORB 6500, page 2212 AM) Parcel A: Beginning at a point on the East bank of Sisters Creek fifty feet (50') North from the center line of Heckscher Drive, according to plat thereof recorded in Plat Book 13, page 1, public records of Duval County, Florida, said point being marked by an iron pipe; run thence two hundred and six and thirty-five hundredths (206.35) feet in an Easterly direction and parallel to the center line of said Heckscher Drive to an iron pipe being fifty feet (50') North of the center line of said Heckscher Drive; run thence North eight degrees, forty-two minutes, five seconds (842'5") East Two Hundred (200) feet to an iron pipe; run thence in a Westerly direction and at a right angle to the last line aforesaid to an iron pipe on the East bank of Sisters Creek; thence along the East bank of Sisters Creek, following its meanderings, to the point of beginning and containing one (1) acre, more or less, lying and being in Section 26, of Township, 1 South, Range 28; East and Parcel B: Part of Section 26, Township 1 South, Range 28 East, according to plat of that part of said Township lying North of the St. Johns River approved by Fred C. Elliot, Chief Drainage Engineer of the State of Florida, in May, 1945 and on file in the office of the Commissioner of Agriculture of the State of Florida, more particularly described as follows: Commencing at the Southeast corner of the lands described in Deed Book 546 pages 230 and 231, of the current public records of said County, said point being located in the Northerly right of way line of Heckscher Drive (a 100 foot right of way) 213 feet more or less easterly from the Easterly bank of Sisters Creek; thence North 10 degrees 11 minutes 35 seconds East along the Easterly line of-said lands described in Deed Book 546 pages 230 and 231, 200.82 feet to the northeasterly corner thereof for a point of beginning; thence continuing North 10 degrees 11 minutes 35 seconds East on a Northerly prolongation of said Easterly line of the lands described in Deed Book 546,

ENDORSEMENT NO.

(Continued)

pages 230 and 231, 100 feet; thence North 79 degrees 48 minutes 25 seconds West and parallel to the Northerly line of said lands described in Deed Book 546, pages 230 and 231, 212 feet more or less to said Easterly bank of Sisters Creek; thence southwesterly along said Easterly bank of Sisters Creek and following the meanderings thereof 103 feet, more or less to said Northerly line of the lands described in Deed Book 546 pages 230 and 231; thence South 79 degrees 48 minutes 25 seconds East along said Northerly line of the lands described in Deed Book 546, pages 230 and 231, 240 feet, more or less, to the point of the beginning. (ORB 4082, page 59, AM) Parcel A: That certain piece, parcel or tract of land, situate, lying and being part of Sections 25 and 26, Township 1 South, Range 28 East, City of Jacksonville, Duval County, Florida and being more particularly described as follows: Commencing at the point of tangency at the Easterly end of Curve No. 33 on the Southerly right of way line of McKenna Drive (formerly Heckscher Drive) (a 100-foot right of way as described in Deed form the North Shore Corporation of the State of Florida, and recorded in Deed Book 1015, Page 54 of the Current Public Records of said County); from the point of commencement thus described, run thence South 5143'40" East along said Southerly right of way line of McKenna Drive, 81.25 feet for a point of beginning; thence North 5143'40" West along said Southerly right of way line of McKenna Drive. 81.25 feet to said aforementioned point of tangency of Curve No. 33, said Curve No. 33 being concave to the Southwest and having a radius or 1860.08 feet thence around and along said curve and continuing along said Southerly right of way line of McKenna Drive, North 5819'15" West, 427.35 feet (chord bearing and distance) in the Northeast corner of those certain lands described in Deed, recorded in Official Records Volume 3766, Page 1042; thence South 2227'14" West, along the Easterly line of said last mentioned lands, 635 feet, more or less, to the waters of the St. Johns River; thence Southeasterly along said waters of the St. Johns River and following the meanderings thereof. 500 feet, to a point which lies south 2227'14" West 565 feet, more or less, from the point of beginning; thence North 2227'14" East, 565 feet more or less, to the point of beginning; containing 7 acres, more or less. (ORB 5518, page 1290 AD) A portion of Section 25, Township 1 South, Range 28 East, Duval County, Florida being more particularly described as follows: For point of reference, commence at the intersection of the Northwesterly line of Myrtle Drive (a private road) with the Southwesterly right-of-way line of Heckscher Drive (a 400 foot right of way); thence 3839'20" W., along said Northwesterly line of Myrtle Drive a distance of 643.61 feet; thence S 0423'36"W., a distance on 106.45 feet to a point on the former Southwesterly right-of-way line of McKenna Drive (formerly Heckscher Drive) as now closed by Ordinance 83-807-424, said point being on the arc of a curve, concave to the Southwest and having a radius of 1860.68 feet; thence Southeasterly, 432.68 feet along the arc of said curve, through a central angle 1319'40", a chord bearing and distance of S. 5823'30"E., 431.70 feet to a point of tangency; thence continue along said former Southwesterly right-of-way, S.5143'40" E., a distance of 77.31 feet to a point where said McKenna Drive is still a public right-of-way, said point being on the Southeasterly line of that land as described in Official Records volume 5518, page 1290, Public Records of said County and the Point of Beginning of the land to be described; thence continue S. 5143'40" E., a distance of 1019.79 feet; thence departing from the Southwesterly right-of-way ling of said McKenna Drive, S.3817'31"W., along the Northwesterly line of that land as described in Official Records Volume 5162, page 1089, a distance of 375.08 feet to a found inch iron pipe; thence continue along said line, S 3817'31" W., a distance of 25 feet, more or less to the waters of the St. Johns River; thence Northwesterly, along the St. Johns River a distance of

ENDORSEMENT NO.

(Continued)

889 feet, more or less to the intersection of said Southeasterly line of Official Records Volume 5518, page 1290, said point bearing S. 2227'14" W., from the Point of Beginning, thence N. 2227'14" E., along said Southeasterly line, a distance of 22 feet, more or less to a found inch iron pipe; thence continue along said Southeasterly line, N. 2227'14" E., a distance of 537.94 feet of the Point Beginning. (ORB 6596, page 126 AD) That certain piece, parcel or tract of land situate, lying and being part of Section 26, Township 1 South, Range 28 East, Duval County Florida, and all being more particularly described as follows: Commencing at the Southeasterly corner of those certain lands described in deed recorded in Official Records Volume 1736, page 492, of the current public records of said county, said point being situate in the curved Northerly right of way line of McKenna Road (a 100-foot right of way as now established), said curved Northerly right of way line being concave to the South and having a radius of 1960.08 feet; thence South 6910'100" East around and along said curve and continuing along said Northerly right of way line of McKenna Road, 215.38 feet (chord bearing and distance); thence South 423'36' West, 106.52 feet to the curved Southerly right of way line of said McKenna Road, said curved Southerly right of way line being concave to the South and having a radius of 1860.08 feet, for a point of beginning; thence North 7247'43" West around and along said curve and along the Southerly right of way line of McKenna Road 509.56 feet (chord bearing and distance) to an iron pipe; thence continuing Westerly along said curved Southerly right of way line of McKenna Rod, 10. feet, more or less, to the waters of Sisters Creek; thence Southerly and Southeasterly along the water of Sisters Creek and along the waters of the St. Johns River and following the meanderings thereof, 810.0 feet, more or less to a point which bears South 2227'14" West 630.0 feet, more or less, from the point of beginning, thence North 2227'14" East, 630.0 feet, more or less, to the point of beginning. (ORB 3766, page 1042 AD) Schedule A A portion of McKenna Drive (formerly Heckscher Drive, a 100 foot right-of-way closed by ordinance No. 89-1137-560) and a portion of those lands described and recorded in Official Records Volume 5518, Page 1290 (Parcel B) of the current public records of Duval County, Florida, lying in Section 25, Township 1 South, Range 28 East, Duval County, Florida, being more particularly described as follows: For a point of reference, commence at the Northwesterly corner of those lands described and recorded in Official Records Volume 6810, Page 14, of said Public Records, said point situate on the former Northerly right-of-way line of said McKenna Drive; thence North 5143'40" East, along last said line, a distance of 136.37 feet to an intersection with the Westerly side of a 40 foot by 190 foot concrete pad; thence North 3812'36" East, along the Westerly side of said concrete pad, a distance of 5.96 feet to the corner of said Pad; thence South 5147'24" East, along the Northerly side of said pad, a distance of 20.00 feet to the point of beginning; thence continue South 5147'24" East, along said Northerly sided of pad a distance of 170.00 feet, thence South 3812'36" West, along the Easterly side of said pad, a distance of 40.00 Feet; thence North 5147'24" West, along the Southerly side of said pad, a distance of 130.00 feet; thence South 3812'36" West, departing from said concrete pad, a distance of 16.02 feet to an intersection with the former centerline of said McKenna Drive; thence North 5143'40" West, along said Centerline a distance of 15.99 feet to an intersection with said Southerly Side of a concrete pad; thence North 5147'24" West, along said south side of pad, a distance of 10.00 feet thence North 3812'36" East, 40.00 feet to the Point of the Beginning.

ENDORSEMENT NO.

(Continued)

(ORB 8601, page 2023 AD) Part of Section 25, Township 1 North, Range, 28 East, Duval County, Florida, more particularly described as follows: Commence at a 4 inch square concrete monument at the most Southerly Corner of Island No. 15, as described in Parcel 3 of Deed recorded in Official Records Volume 2116, Page 566 of the current Public Records of said County; thence North 55-27'-24" West, 330.00 feet, along a Southerly line of said Island No. 15; thence North 01-27'-55" West, 325.19 feet along the West line of said Island No. 15 to the point of beginning; thence South 72-28'-00" West, 187.77 feet along the Southerly lines of the Lands described in Official Records Volume 4413, page 175 to an angle point, thence continue along said line, South 22-13'-00" West 307.52 Feet to the Northeasterly line of Heckscher Drive (A 400.0 Foot right-of-way); Thence North 30-31'-30" West, 792.85 Feet, along said Northeasterly line, to the point of curve of a curve concave to the southwest and having a radius of 5929.578 feet; thence around and along said curve and the northeasterly line of said Heckscher Drive, through a central angle of 07-00'-00", an arc distance of 724.43 feet (chord bearing and distance of North 34-01'-30" West 34.39 Feet, along said Northeasterly line to the mean high water line of Sisters Creek; thence northeasterly, southerly easterly, and southerly 1370 feet, more or less, along said mean high water line, to its intersection with the west line of said Island No. 15; thence South 01-27'-55"East, 479.72 Feet along the West Line of said Island No 15 to the point of the beginning. (ORB 9226, Page 1205 AD) Part of Section 25, Township 1 South, range 28 East, Duval County, Florida, more particularly described as follows: Begin at a 4 inch square concrete monument at the most Southerly Corner of Island No. 15, as described in Parcel 3 of Deed recorded in Official Records Volume 2116, Page 566 of the current Public Records of said County; thence North 8902'33" East, 988.03 feet, to a point in the West line of the lands described in Deed recorded in Official Records Volume 6753, Page 1503: thence South 0429'56" West, 1282.26 feet, along the mentioned line, to the Motherly line of Heckscher Drive being a curve, concave to the Northeast and having a radius of 1709-859 feet; thence around and along said curve and the Northerly line of said Heckscher Drive, through a central angle of 4627'20", and arc distance of 1386.36 feet (chord bearing and distance of North 5345'10" West 1348.70 feet), to its point of tangency; thence continue along the Northerly line of said Heckscher Drive, North 3031'30" West 737.50 feet, to the Southerly line of the lands described in Deed recorded in Official Records Volume 4413, Page 175; thence North 2213'00" East, 307.52 feet, along said Southerly line, to an angle point; thence continue along said Southerly line, North 7228'00" East 188.77 feet, to a point in the West line of said Island No. 15; thence South 0123'22: East, 325.19 feet, along the West line of said Island No. 15; thence 5527'54", East, 330.00 feet, along a Southerly line of said Island No. 15 to the Point of Beginning. (ORB 8649, page 885 AD) A portion of Section 25, Township 1 South, Range 28 East, Duval County, Florida, according to plat of that part of said Township, lying North of the St. Johns River, approved by Fred C. Elliot, Chief Drainage Engineer for the State of Florida, in May 1945, and on file in the office of the Commissioner of Agriculture of the State of Florida, the land hereby conveyed being more particularly described as follows:

ENDORSEMENT NO.

(Continued)

Commencing at a point where the line dividing Section 25, Township 1 South, Range 28 East, from Section 30, Township 1 South, Range 29 East, intersects the centerline of the pavement of Heckscher Drive (State Road #105) and run thence South 3653'20" West along the center of pavement of said Heckscher Drive, a distance of 1,022013 feet to the point of tangency of curve #36, as described in that certain Deed from the North Shore Corporation to the State of Florida, recorded in the current public records of Duval County, Florida, in Deed Book 1015, page 54 run thence along the chord of said curve #36, South 4337'25" West, a distance of 268.85 feet to a point in the center of pavement of said Heckscher Drive at the point of curvature of said curve #36, thence run South 5021'30" West along the centerline of said pavement, a distance of 2,430.65 feet the point of tangency of curve #35, as described in the aforementioned Deed form North Shore corporation to the State of Florida, recorded in the current public records of Duval County, Florida in Deed Book 1015, page 54, run thence along the chord of said curve #35, South 7224'35" West, a distance of 538.21 feet to the point of curvature of said curve #35; thence continuing along centerline of pavement, North 8532'20" West, 767.75 feet to the point of tangency of curve No. 34 in said centerline; thence continuing along said centerline and along said curve #34, North 6838' West, 555.63 feet (chord bearing and distance) to the point of curvature of said curve; thence continuing along said centerline, North 5143'40" West, 610 feet; thence South 3816'20" West and at right angles of said centerline, 50 feet for a point of beginning; thence South 5143'40" East along the Southerly right of way line of said Heckscher Drive(now known as McKenna Road), 100.0 feet thence South 3816'20" West, 405 feet, more or less, to the Northeasterly bank of the St. Johns River; thence Westerly along said Northerly bank of the St. Johns River and following the meanderings thereof, 102 feet, more or less, to a point which lies South 3816'20" West, 425 feet, more or less, from the point of beginning, thence North 3816'20" East, 425 feet, more or less, to the Point of Beginning. Sovereignty Submerged Lands Easement No. 20038 (3786-16) by and between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as grantor, and Atlantic Dry Dock Corp., as grantee, dated January 5, 1989 for a parcel of sovereignty submerged land in Section 25, Township 1 South, Range 28 East, in St. Johns River, Duval County, Florida. Sovereign Submerged Lands Easement No. 00268 (4125-16) by and between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as grantor, and Atlantic Dry Dock Corp., as grantee, dated February 13, 1992 for a parcel of sovereign submerged land in Section 26, Township 01 South, Range 28 East, in St. Johns River, Duval County, Florida, containing 5.488 acres, more or less. Sovereign Submerged Lands Easement No. 30164 by and between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as grantor, and Atlantic Marine, Inc., as grantee, dated June 11, 2001 for a parcel of sovereign submerged land in Section 26, Township 01 South, Range 28 East, in Sisters Creek, Duval County, Florida, containing 30,624 square feet, more or less. Sovereign Submerged Lands Easement No. 30117 by and between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as Grantor, and Atlantic Dry Dock Corporation, a Florida corporation, as Grantee, dated April 26, 1999 for a parcel of sovereign submerged land in Sections 25 and 26, Township 01 South, Range 28 East, in St. Johns River, Duval County, Florida (full legal description missing from document). Sovereignty Submerged Lands Lease Renewal No. 160007322 issued by the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as lessor, and Atlantic Marine, Inc., as lessee, dated as of April 6, 2003 covering a parcel of sovereign submerged land in Section 26, Township 01 South, Range 28 East in Sisters Creek, Duval County, containing 16,714 sf. Sovereignty Submerged Lands Lease Renewal No. 161008809 issued by the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as lessor, and Atlantic Marine, Inc., as

ENDORSEMENT NO.

(Continued)

lessee, dated as of May 8, 2000 covering a parcel of sovereign submerged land in Section 26, Township 01 South, Range 28 East in Sisters Creek and St. Johns River, Duval County, containing 107,669 sf. Sovereignty Submerged Lands Lease No. 163054132 issued by the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as lessor, and Atlantic Marine, Inc., as lessee, dated as of April 30, 2001, as renewed by that certain Sovereignty Submerged Lands Lease Renewal No. 163054132 by and between the same parties, dated as of April 30, 2006 covering a parcel of sovereign submerged land in Section 26, Township 01 South, Range 28 East, in Sisters Creek, Duval County, containing 2,416 sf. Sovereignty Submerged Lands Lease Renewal and Modification to Increase Square Footage No. 161530849 issued by the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, as lessor, and Atlantic Dry Dock Corporation, as lessee, dated July 23, 2001 covering a parcel of sovereign submerged land in Sections 25 and 26, Township 01 South, Range 28 East in St. Johns River, Duval County, containing 278,590 sf. 660 Dunlap Drive, Mobile, Alabama PARCEL A (Pinto Island) Beginning at a point designated as "Pa-1" on the East Pierhead and Bulkhead line of Mobile River, according to map entitled "Mobile Harbor, Alabama", prepared by U.S. Army Corp of Engineers, dated October 2, 1958; thence run North 08 degrees 23 minutes 38 seconds East, 450.57 feet; thence run North 58 degrees 41 minutes 30 seconds East, 150.00 feet; thence run South 31 degrees 18 minutes 30 seconds East, 691.90 feet; thence run South 51 degrees 49 minutes 12 seconds East, 605.28 feet; thence run North 06 degrees 46 minutes 48 seconds East, 585.84 feet to a point on the Northern Pierhead and Bulkhead line of Pinto Pass; thence run South 51 degrees 49 minutes 12 seconds East along said Pierhead and Bulkhead line 137.07 feet; thence run South 06 degrees 46 minutes 48 seconds West 585.84 feet; thence run South 51 degrees 49 minutes 12 seconds East, 2668.05 feet; thence run South 38 degrees 10 minutes 48 seconds West, 250.00 feet to a point on the Southern Pierhead and Bulkhead line of Pinto Pass; thence run South 51 degrees 49 minutes 12 seconds East, along said Southern Pierhead and Bulkhead line, 2757.99 feet to point "X", thence run South 23 degrees 16 minutes 51 seconds West, 4516.15 feet to point "Z"; thence run North 57 degrees 52 minutes 40 seconds West, 1679.95 feet to a point on the Eastern Pierhead and Bulkhead line of Mobile River, said point being designated as point "E-13"; thence along said Pierhead and Bulkhead line, run North 26 degrees 20 minutes 04 seconds West, 2422.41 feet to a point "E-11A"; thence run North 28 degrees 54 minutes 46 seconds West, 1716.25 feet to point "E-10B"; thence run North 12 degrees 26 minutes 17 seconds West 856.33 feet to point "E-98"; thence run North 06 degrees 51 minutes 24 seconds West 1010.09 feet to point "B"; thence run North 03 degrees 38 minutes 15 seconds East, 1034.90 feet to point "P-1", thence run North 07 degrees 30 minutes 42 seconds East, 793.61 feet to point "Pa-1" and the Point of Beginning, containing 545.26 acres, more or less. PARCEL B (Blakely Island) A: From a point where the center line of the south lane of Mobile Bay Causeway (U. S. Highway 90) intersects the West end of the floor slab of the Tensaw River Bridge, run in a Westerly direction along said center line a distance of five thousand three hundred twenty-two (5322) feet to a point; thence run Southerly and perpendicular to said center line a distance of one hundred fifty (150 ) feet to a point which was formerly on the South right of way line or said Highway and shown as point #1 with Alabama State plane grid coordinates X-334,609.17 Y-251,567.45, on a State of Alabama Department of Conservation and Natural Resources map entitled "Topo of property West of Tensaw River and South of Causeway" dated June 7, 1973, and recorded in Map Book 25, Page 113,

ENDORSEMENT NO.

(Continued)

Probate Court Records Mobile County, Alabama; thence South twenty-four degrees, fifty-six minutes, seventeen seconds West one hundred thirty-eight and thirty-one hundredths (138.31 feet to a point on the South right of way line of a fifty foot right of way for a country road (see Real Property Book 1410, Page 98) and on the West line of property now or formerly of Jemcon Broadcasting Company for the point of beginning of the property herein described, thence continue South twenty-four degrees, fifty-six minutes seventeen second West four hundred and seventy-one and sixty-nine hundredths feet to a point; said point having grid coordinates X-334, 351.98; Y-251,014.33; thence South sixty-five degrees, three minutes, forty-three seconds East six hundred feet to a point having grid coordinates of X-334,896.p3; Y=250,761.35; thence South twenty-one degrees, fourteen minutes fifty-five seconds East two thousand four hundred sixty-seven and sixty-three hundreds feet to the pierhead and bulkhead line along the North side or Pinto Pass; thence North sixty-four degrees, forty-three minutes, nine seconds West along the pierhead and bulkhead line two thousand seventy-four and fifty-eight hundredths feet to point #E-PA; thence North fifty-one degrees, forty-nine minutes, twelve second West along the pierhead and bulkhead line four hundred seventy-four feet to the intersection with the mean high water line; thence Westwardly along the meanders of the mean high water line five hundred five feet, more or less, to the intersection with the East right of way line of a one hundred foot country road right of way leading to Pinto Pass; then North six degrees, sixteen minutes, twenty-three seconds East along said right of way line two hundred seventy-one feet more or less, to the intersection with the pierhead and bulkhead line; thence continue North six degrees, sixteen minutes, twenty-three seconds East along said right of way line six hundred sixteen and forty-four hundredths feet to the P. C. of a one thousand nine hundred eighty-seven and forty-three hundredths foot radius curve to the left; thence Northwardly along the arc of said curve seven hundred seventy-eight and twenty-hundredths feet to the intersection with the South line or a fifty food right of way for a country road (chord bears North four degrees, fifty-six minutes, forty seconds West seven hundred seventy-three and twenty-four hundredths feet; thence North seventy-one degrees, forty-four minutes, forty-three seconds East along the South right of way line of said fifty foot road one thousand twenty-two and forty-two hundredths feet to a point; thence South fifty-nine degrees, thirty-seven minutes, seventeen seconds East long said right of way line four hundred seventy-one and ninety-eight hundredths feet to a point; thence South seventy-eight degrees, twenty-two minutes forty-three seconds East along said right of way line eighty-one and two hundredths feet to the point of beginning. Contains one hundred two and forty-two hundredths acres, more or less (4,461,234.52 square feet, more or less). C: Beginning at the intersection of the North Line of Lot 4, Blakely Island according to map of said Island recorded in the Office of the Judge of Probate, Mobile County, Alabama, in Deed Book 65, N.S. Page 428, with the present East right of way of U.S. Highway 90, run thence north 70 degrees, 30 minutes, East along the north line of lot 4 a distance of 1026.68 feet, more or less to the Northwesterly margin of Polecat Bay; thence Southwestwardly along the meanders of the mean more or less, the intersection with the north right of way line of Interstate Highway 10; thence south 71 degrees, 38 minutes, 34 seconds west along the north right of way of Interstate highway 10 a distance of 334.27 feet, more or less, to the intersection with the East right of way line of U.S. Highway 90, thence Northwardly curving to the right along the arc of a 1853.31 foot radius curve and along the East right of way line of U.S. Highway 90, a distance of 395.32 feet to the point of beginning, being a part of Lots 3 and 4 Blakely Island. Contains 5.55 acres, more or less. (241,758 square feet, more or less).

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

ENDORSEMENT NO.

This endorsement, effective 12:01 AM: Forms a part of policy no.: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. SCHEDULE OF UNDERGROUND STORAGE TANKS WITH CONTINUITY DATE CLAUSE AND CAPITAL IMPROVEMENT EXCLUSION ENDORSEMENT 1. It is hereby agreed that Section II. EXCLUSIONS, 1. COMMON EXCLUSIONS - APPLICABLE TO ALL COVERAGES, Paragraph J. IDENTIFIED UNDERGROUND STORAGE TANK is deleted in its entirety and replaced with the following: J. IDENTIFIED UNDERGROUND STORAGE TANK:

SPECIMEN

Arising from Pollution Conditions resulting from an Underground Storage Tank whose existence is known by a Responsible Insured as of the Inception Date and which is located on the Insured Property. However, this exclusion shall not apply to the ScheduledUnderground Storage Tank(s) listed below, provided that any Pollution Conditions arising from the Scheduled Underground Storage Tank(s) listed below must commence prior to the Continuity Date. Scheduled Underground Storage Tank(s) 20 closed in place Underground Storage Tanks at the Insured Property located at 660 Dunlap Drive, Mobile, AL

2. It is hereby agreed that solely with respect to the Scheduled Underground Storage Tank(s) listed above, the following is added to Section II. EXCLUSIONS, 1. COMMON EXCLUSIONS APPLICABLE TO ALL COVERAGES: CAPITAL IMPROVEMENT: arising from Pollution Conditions discovered in the course of a Capital Improvement at the Insured Property. 3. It is hereby agreed that solely with respect to the Scheduled Underground Storage Tank(s) listed above, the following is added to Section VIII. DEFINITIONS: Capital Improvement means any activity that: (i) disturbs or alters existing buildings' or structures' foundations or other subsurface installations;

ENDORSEMENT NO. (ii) (iii)

(Continued)

requires subsurface excavation or site regrading; or involves the removal of pavement which is not replaced with new pavement within three (3) days thereafter, at the Insured Property.

All other terms, conditions and exclusions remain the same.

Authorized Representative or countersignature (where required by law)

POLICYHOLDER DISCLOSURE STATEMENT UNDER TERRORISM RISK INSURANCE ACT OF 2002 You are hereby notified that under the federal Terrorism Risk Insurance Act of 2002 (the "Act") effective November 26, 2002, you now have a right to purchase insurance coverage for losses arising out of an Act of Terrorism, which is defined in the Act as an act certified by the Secretary of the Treasury (i) to be an act of terrorism, (ii) to be a violent act or an act that is dangerous to (A) human life; (B) property or (C) infrastructure, (iii) to have resulted in damage within the United States, or outside of the United States in case of an air carrier or vessel or the premises of a U.S. mission and (iv) to have been committed by an individual or individuals acting on behalf of any foreign person or foreign interest, as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. You should read the Act for a complete description of its coverage. The Secretarys decision to certify or not to certify an event as an Act of Terrorism and thus covered by this law is final and not subject to review. There is a $100 billion dollar annual cap on all losses resulting from Acts of Terrorism above which no coverage will be provided under this policy and under the Act unless Congress makes some other determination. For your information, if such coverage is purchased, coverage provided by the policy for losses caused by an Act of Terrorism may be partially reimbursed by the United States under a formula established by the Act. Under this formula the United States pays 90% of terrorism losses covered by this law exceeding a statutorily established deductible that must be met by the insurer, and which deductible is based on a percentage of the insurers direct earned premiums for the year preceeding the Act of Terrorism. Coverage for Acts of Terrorism is not included in the policy referenced below as the insured has rejected the offer to purchase such insurance.

AMERICAN INTERNATIONAL SPECIALTY LINES INS. CO. NAMED INSURED: JFL-AMH PARTNERS, LLC POLICY #: PLS 1943468 EFFECTIVE DATES: 07/31/2006 TO 07/31/2016

BINDER WITH NO CERTIFIED ACT INSURANCE (COVERAGE REJECTED BY INSURED) 81273 (12/02) CI1960

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. AGGREGATE POLICY DEDUCTIBLE ENDORSEMENT EACH AND EVERY MAINTENANCE DEDUCTIBLE 1. It is hereby agreed that the following is added to the end of Item 3 of the Declarations: Aggregate Policy Deductible: Each and Every Maintenance Deductible: 2. Section V. LIMITS OF COVERAGE; DEDUCTIBLE, Paragraph F. Deductible, (1) Coverages A through I, is deleted in its entirety and replaced with the following: F. Deductible (1) Coverages A through I

Subject to Paragraphs V.A. through V.E. above, this Policy is to pay covered Loss, in excess of the "Deductible-Each Incident" amount stated in Item 3 of the Declarations for the applicable coverage, up to but not exceeding the applicable "Each Incident" limit of coverage. Once the Named Insured pays deductible amounts which in the aggregate equal the amount shown in the Declarations, Item 3, as amended by paragraph 1. of this Endorsement "Aggregate Policy Deductible", the applicable "Deductible-Each Incident" will no longer apply, but each Loss will be subject to an "Each and Every Maintenance Deductible" as shown in Item 3 of the Declarations as amended in paragraph 1. of this Endorsement. The Deductible amount applies to all Loss arising from the same, related or continuous Pollution Conditions. If the same, related or continuous Pollution Conditions result in coverage under more than one coverage section in Coverages A through I, only the highest applicable "Deductible-Each Incident" under such Coverages shall apply. The Insured shall promptly reimburse the Company for advancing any element of Loss falling within the Deductible.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 72329 (7/00) CI1072 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MINIMUM EARNED PREMIUM ENDORSEMENT 1. It is hereby agreed that the following minimum earned premiums will apply when providing multi-year Programs.

2. It is hereby agreed that Section VI. CONDITIONS, Paragraph G., Cancellation is deleted in its entirety and replaced with the following: G. Cancellation - This Policy may be cancelled by the Named Insured by surrender thereof to the Company or any of its authorized agents or by mailing to the Company written notice stating when thereafter the cancellation shall be effective. This Policy may be cancelled by the Company only for the reasons stated below by mailing to the Named Insured at the address shown in the Policy, written notice stating when not less than 60 days (10 days for nonpayment of premium) thereafter such cancellation shall be effective. Proof of mailing of such notice shall be sufficient proof of notice. 1. Material misrepresentation by the Insured; 2. The Insured's failure to comply with the material terms, conditions or contractual obligations under this Policy, including failure to pay any premium or Deductible when due; 3. A change in operations at an Insured Property during the Policy Period that materially increases a risk covered under this Policy. The time of surrender or the effective date and hour of cancellation stated in the notice shall become the end of the Policy Period. Delivery of such written notice either by the Named Insured or by the Company shall be equivalent to mailing. If the Named Insured cancels the Policy, earned premium shall be computed in accordance with the customary short rate table and procedure after applying the minimum premium earned based on the schedule above for the year in which cancellation was effected. The premium will be 100% earned at . If the Company cancels, earned premium shall be computed pro rata after applying the minimum premium earned based on the schedule above for the year in which cancellation was effected. Premium adjustment may be either at the time cancellation is effected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation.

All other terms, conditions and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 76835 (7/00) CI1116 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MORTGAGE/INSURED/ASSIGNMENT ENDORSEMENT It is hereby agreed the following entity(s) is (are) included as a Named Insured(s) but solely as respects liability arising out of the ownership, operation, maintenance or use of the Insured Property(s) designated in Item 5 of the Declarations.

It is also agreed that Section VI. CONDITIONS, Paragraph A. Assignment, is deleted in its entirety and replaced with the following: A. Assignment -This Policy may be assigned with the prior written consent of the Company, which consent shall not be unreasonably withheld or delayed. Assignment of interest under this Policy shall not bind the Company until its consent is endorsed thereon. The Company will waive this provision only in the event of foreclosure upon an Insured Property(s) by the Mortgagee/ Insured listed above, under which circumstance assignment of this Policy to the Mortgagee/ Insured will automatically occur on the date of foreclosure. All of the terms and conditions of this Policy will then apply to the Mortgagee/ Insured. The Mortgagee/ Insured must notify the Company of the foreclosure within fourteen (14) days of the date of foreclosure. All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 76460(7/00) CI1123 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: FLORIDA CANCELLATION/NONRENEWAL ENDORSEMENT Wherever used in this endorsement: 1) "we", "us", "our", and "Insurer" mean the insurance company which issued this policy, and 2) "you", "your", "named Insured", "First Named Insured", and "Insured" mean the Named Corporation, Named Organization, Named Sponsor, Named Insured, or Insured stated in the declarations page; and 3) "Other Insured(s)" means all other persons or entities afforded coverage under the policy. It is hereby agreed and understood that the cancellation provision of this policy is to be deleted in its entirety and to be replaced with the following: A. B.1. The Insured shown in the Declarations may cancel this policy by mailing or delivering to the Insurer advance written notice of cancellation. Cancellation for Policies in Effect Ninety (90) Days or Less If this policy has been in effect ninety (90) days or less the Insurer may cancel this policy by mailing or delivering to the Insured written notice of cancellation, accompanied by the reasons for cancellation, at least: (a) Ten (10) days before the effective date of cancellation if the Insurer cancels for nonpayment of premium; or (b) Twenty (20) days before the effective date of cancellation if the Insurer cancels for any other reason, except the Insurer may cancel immediately if there has been: 1. 2. B.2. A material misstatement or misrepresentation; or A failure to comply with underwriting requirements established by the Insurer.

Cancellation for Policies in Effect for More Than Ninety (90) Days. If this policy has been in effect for more than ninety (90) days the Insurer may cancel this policy only for one or more of the following reasons: (a) Nonpayment of premium; (b) The policy was obtained by a material misstatement; (c) There has been a failure to comply with underwriting requirements established by us within ninety (90) days of the date of effectuation of coverage; (d) There has been a substantial change in the risk covered by the policy; or (e) The cancellation is for all insureds under such policies for a given class of insureds. If the Insurer cancels this policy for any of these reasons, the Insurer will mail or deliver to the First Named Insured written notice of cancellation, accompanied by the reasons for cancellation at least: 1. Ten (10) days before the effective date of cancellation if cancellation is for the reason stated in 2(a) above; or 2. Forty-five (45) days before the effective date of cancellation if cancellation is for the reasons stated in 2(b), (c), (d) or (e) above.

76105 (5/00) CI1513

PAGE 1 OF 2

ENDORSEMENT NO. The following is added. C.1. Non-Renewal

(Continued)

(a) If the Insurer decides not to renew this policy the Insurer will mail or deliver to the Insured written notice of nonrenewal, accompanied by the reason for nonrenewal, at least forty-five (45) days prior to the expiration of this policy. (b) Any notice of nonrenewal will be mailed or delivered to the Insured's last mailing address known to the Insurer. If notice is mailed, proof of mailing will be sufficient proof of notice. C.2. Renewal The Insurer shall give the named insured at least forty-five (45) days' advance written notice of the renewal premium.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE

76105 (5/00) CI1513

PAGE 2 OF 2

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY NAMED INSURED ENDORSEMENT It is hereby agreed that Section VIII., DEFINITIONS, Paragraph O. Named Insured is deleted in its entirety and replaced with the following: O. Named Insured means the person or entity named in Item 1. of the Declarations acting on behalf of all other Insureds, if any, for the payment or return of any premium, payment of any deductible, receipt and acceptance of any endorsement issued to form a part of this Policy, giving and receiving notice of cancellation or nonrenewal, and the exercise of the rights provided in the Extended Reporting Period clause. Furthermore, it is hereby agreed that the following entity(s) are included as Named Insureds but solely as respects liability arising out of the ownership, operation, maintenance or use of the Insured Property(s) designated in Item 5. of the Declarations. The first Named Insured, previously designated in Item 1. of the Declarations shall remain unchanged as such. NAMED INSURED(S)

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 78791 (9/01) CI1609 Page 1 of 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. WAR EXCLUSION ENDORSEMENT It is hereby agreed that the following exclusion is added to Section II. EXCLUSIONS, Subsection 1. COMMON EXCLUSIONS - APPLICABLE TO ALL COVERAGES: WAR Arising directly or indirectly as a result of or in connection with war, whether declared or not, or any act or condition incident to war. War includes civil war, insurrection, act of foreign enemy, civil commotion, factional civil commotion, military or usurped power, rebellion or revolution.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 79098 (12/01) CI1625 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. TERRORISM EXCLUSION - ALL TERRORISM (INCLUDING CERTIFIED ACTS OF TERRORISM) EXCLUSION ENDORSEMENT Pursuant to the requirements of the Terrorism Risk Insurance Act of 2002, the "Act," the Insured has been provided notice that the Insured may elect to purchase coverage for loss covered under this Policy arising directly or indirectly as a result of a certified "act of terrorism" as defined by Section 102. Definitions, of the Act and any revisions or amendments thereto and the premium charge for such coverage. After receiving such notice, the Insured has elected not to purchase coverage for such certified "acts of terrorism" and has agreed to the inclusion of a Terrorism Exclusion. Therefore, this Policy is amended to include the following exclusion: The Company has no obligation to make any payment or to provide or to pay for a defense under this Policy due to or arising directly or indirectly as a result of or in connection with Terrorism including but not limited to, any contemporaneous or ensuing loss caused by fire, looting, or theft. Terrorism means the use or threatened use of force or violence against person or property, or commission of an act dangerous to human life or property, or commission of an act that interferes with or disrupts an electronic or communication system, undertaken by any person or group, whether or not acting on behalf of or in connection with any organization, government, power, authority or military force, when the effect is to intimidate, coerce or harm a government, the civilian population or any segment thereof, or to disrupt any segment of the economy. The defined term Terrorism shall specifically include, but is not limited to, the following definition of a certified "Act of Terrorism" defined by Section 102. Definitions, of the Terrorism Risk Insurance Act of 2002 and any revisions or amendments thereto: (1) Act of Terrorism (A) Certification. - The term "act of terrorism" means any act that is certified by the Secretary of the Treasury of the United States, in concurrence with the Secretary of State, and the Attorney General of the United States (i) to be an act of terrorism; (ii) to be a violent act or an act that is dangerous to (I) human life; (II) property; or (III) infrastructure; (iii) to have resulted in damage within the United States, or outside of the United States in the case of (I) an air carrier or vessel described in paragraph (5)(B); [for the convenience of this endorsement, paragraph (5)(B) reads: occurs to an air carrier (as defined in Section 40102 of title 49, United States Code) to a United States flag vessel (or a vessel based principally in the United States, on which United States income tax is paid and whose insurance coverage is subject to regulation in the United States), regardless of where the loss occurs, or at the premises of any United States mission]; (II) the premises of a United States mission; and 81268 (12/02) CI1966 FOR USE TO EXCLUDE ALL TERRORISM REJECTION OF CERTIFIED ACTS OF TERRORISM. PAGE 1 OF 2

ENDORSEMENT NO.

(Continued)

(iv) to have been committed by an individual or individuals acting on behalf of any foreign person or foreign interest, as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. (B) Limitation. - No act shall be certified by the Secretary as an act of terrorism if (i) the act is committed as part of the course of a war declared by the Congress, except that this clause shall not apply with respect to any coverage for workers' compensation; or (ii) property and casualty insurance losses resulting from the act, in the aggregate, do not exceed $5,000,000. (C) Determinations Final. - Any certification of, or determination not to certify, an act as an act of terrorism under this paragraph shall be final, and shall not be subject to judicial review. (D) Nondelegation. - The Secretary may not delegate or designate to any other officer, employee, or person, any determination under this paragraph of whether, during the effective period of the Program, an act of terrorism has occurred.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 81268 (12/02) CI1966 FOR USE TO EXCLUDE ALL TERRORISM REJECTION OF CERTIFIED ACTS OF TERRORISM. PAGE 2 OF 2

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MATERIAL CHANGE IN USE OF INSURED PROPERTY(S) EXCLUSION It is hereby agreed that the following exclusion is added to Section II. EXCLUSIONS, 1., COMMON EXCLUSIONS APPLICABLE TO ALL COVERAGES: MATERIAL CHANGE IN USE: arising from a material change in use of the Insured Property(s) which results in a use which is different from the Intended Use disclosed in the application process and listed below: Intended Use:

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 81422 (1/03) CI1970 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. POLICY PERIOD ENDORSEMENT 1. It is hereby agreed Item 2. POLICY PERIOD of the Declarations is deleted in its entirety and replaced with the following: Item 2. POLICY PERIOD Coverage Section: COVERAGE A - ON-SITE CLEAN-UP OF PRE-EXISTING CONDITIONS COVERAGE B - ON-SITE CLEAN-UP OF NEW CONDITIONS COVERAGE C - THIRD-PARTY CLAIMS FOR ON-SITE BODILY INJURY AND PROPERTY DAMAGE Policy Period: From: From: To: To:

From: To: for Claims resulting from Pollution Conditions that commenced prior to the Continuity Date

From: To: for Claims resulting from Pollution Conditions that commenced on or after the Continuity Date

COVERAGE D - THIRD-PARTY CLAIMS FOR OFF-SITE CLEAN-UP RESULTING FROM PRE-EXISTING CONDITIONS COVERAGE E - THIRD-PARTY CLAIMS FOR OFF-SITE CLEAN-UP RESULTING FROM NEW CONDITIONS COVERAGE F - THIRD-PARTY CLAIMS FOR OFF-SITE BODILY INJURY AND PROPERTY DAMAGE

From:

To:

From:

To:

From: To: for Claims resulting from Pollution Conditions that commenced prior to the Continuity Date

From: To: for Claims resulting from Pollution Conditions that commenced on or after the Continuity Date

81423 (1/03) CI1971

PAGE 1 of 2

ENDORSEMENT NO. COVERAGE G - THIRD-PARTY CLAIMS FOR ON-SITE BODILY INJURY, PROPERTY DAMAGE OR CLEAN-UP COSTS - NON-OWNED LOCATIONS

(Continued)

From: To: for Claims resulting from Pollution Conditions that commenced prior to the Continuity Date

From: To: for Claims resulting from Pollution Conditions that commenced on or after the Continuity Date

COVERAGE H - THIRD-PARTY CLAIMS FOR OFF-SITE BODILY INJURY, PROPERTY DAMAGE OR CLEAN-UP COSTS - NON-OWNED LOCATIONS

From: To: for Claims resulting from Pollution Conditions that commenced prior to the Continuity Date

From: To: for Claims resulting from Pollution Conditions that commenced on or after the Continuity Date

COVERAGE I - POLLUTION CONDITIONS RESULTING FROM TRANSPORTED CARGO

From: To: for Claims resulting from Pollution Conditions that commenced prior to the Continuity Date

From: To: for Claims resulting from Pollution Conditions that commenced on or after the Continuity Date

COVERAGE J - BUSINESS INTERRUPTION COVERAGE ACTUAL LOSS OR LOSS OF RENTAL VALUE

From: To: for Claims resulting from Pollution Conditions that commenced prior to the Continuity Date

From: To: for Claims resulting from Pollution Conditions that commenced on or after the Continuity Date

All dates are as 12:01 AM Standard time at the address of the Named Insured shown in Item 1. of the Declarations.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 81423 (1/03) CI1971 PAGE 2 of 2

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MULTIPLE COVERAGES AGGREGATE LIMIT ENDORSEMENT It is hereby agreed that Section V. LIMITS OF COVERAGE; DEDUCTIBLE, Paragraph E. Multiple Coverages is deleted in its entirety and replaced with the following: E. Multiple Coverages - Each Incident Aggregate Limit Subject to Paragraphs V.A. through V.D. above, if the same, related or continuous Pollution Conditions result in coverage under more than one Coverage under Coverages A through J, every applicable "Each Incident" limit of coverage among such coverage sections shall apply to the Loss, Actual Loss, Extra Expense and loss of Rental Value; however, the most the Company will pay for all Loss, Actual Loss, Extra Expense and loss of Rental Value arising from such Pollution Conditions shall not exceed the highest "Each Incident" limit of Coverage stated in Item 3 of the Declarations among all the coverage sections applicable to the Loss, Actual Loss, Extra Expense and loss of Rental Value.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 83260 (11/03) CI2190 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. COVERAGE A GOVERNMENTAL CLAIMS ONLY ENDORSEMENT 1. It is hereby agreed that Section I. INSURING AGREEMENTS, COVERAGE A - ON-SITE CLEAN-UP OF PRE-EXISTING CONDITIONS is deleted in its entirety and replaced with the following: COVERAGE A - ON-SITE CLEAN-UP OF PRE-EXISTING CONDITIONS To pay on behalf of the Insured, Loss that the Insured is legally obligated to pay as a result of Claims initiated by a governmental entity for Clean-Up Costs resulting from Pollution Conditions on or under the Insured Property that commenced prior to the Continuity Date, provided such Claims are first made against the Insured and reported to the Company in writing during the Policy Period, or during the Extended Reporting Period if applicable. 2. Solely with respect to Clean-Up Costs covered under Coverage A as amended by this Endorsement, it is further agreed that Section VIII. DEFINITIONS, Paragraph D. is deleted in its entirety and replaced with the following: D. Clean-Up Costs means reasonable and necessary expenses, including legal expenses incurred with the Company's written consent which consent shall not be unreasonably withheld or delayed, for the investigation, removal, remediation including associated monitoring, or disposal of soil, surfacewater, groundwater or other contamination: 1. To the extent required by Environmental Laws; or 2. That have been actually incurred by the government or any political subdivision of the United States of America or any state thereof or Canada or any province thereof.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 83669 (11/03) CI2227 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MICROBIAL MATTER EXCLUSION ENDORSEMENT It is hereby agreed that the Policy is amended as follows: 1. Section VIII. DEFINITIONS, Paragraph U. Pollution Conditions, is deleted in its entirety and replaced with the following: U. Pollution Conditions means the discharge, dispersal, release or escape of any solid, liquid, gaseous or thermal irritant or contaminant, including, but not limited to, smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, medical waste and waste materials into or upon land, or any structure on land, the atmosphere or any watercourse or body of water, including groundwater, provided such conditions are not naturally present in the environment in the amounts or concentrations discovered. Pollution Conditions shall not include Microbial Matter. 2. Section VIII. DEFINITIONS, is amended by the addition of the following: Microbial Matter means fungi, mold and mildew, whether or not such Microbial Matter is living.

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 86293 (7/04) CI2341 PAGE 1 OF 1

ENDORSEMENT NO.

This endorsement, effective 12:01 AM, Forms a part of Policy No: Issued to: By: THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CONDITION OF PAYMENT ENDORSEMENT It is hereby agreed that any payment under this Policy shall only be made in full compliance with all United States of America economic and trade sanction laws or regulations, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC").

All other terms, conditions, and exclusions shall remain the same.

AUTHORIZED REPRESENTATIVE or countersignature (in states where applicable) 90365 (1/06) CI2770 PAGE 1 OF 1

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