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( TRACT 1 METES & BOUNDS DESCRIPTION 41.7010 ACRES OUT OF THE WILLIAM M. JONES SURVEY, A482 HARRIS COUNTY, TEXAS ( All that certain 41.7070 acres of land out of certain called 11.4012 acre tract as described in a deed dated 09-26-2005 from Sunoco Polyolefins, loP. to North Bayport Pasadena IP, LP., Inc. filed in the Official Public Records of Real Property of Harris County, Texas at Clerk File No. Y-780859, Film Code No. 011- 77-2288 and residue of certain called 347.2 acre tract as described in a deed dated 02-24-2003 from Huntsman Polymers Corporation to Tuffli Company, Inc. filed in the Official Public Records of Real Property of Harris County, Texas at Clerk File No. W-512838, Film Code No. 564-49-2160 out of the William M. Jones Survey, A-482, Harris County, Texas and being more particularly described by metes and bounds as follows: . Commencing at a found uRR" spike in asphalt marking the northeast corner of Bayport North Industrial Park according to the plat thereof filed at Film Code No. 437010, Harris County Map Records said point also being located in the south right-of-way line of Fairmont Parkway (250' wide) at its intersection with the east right-of-way line of Underwood Road (50' wide); Thence N 75044' 17" E - 88.32', with the south right-of-way line of said Fairmont Parkway to a found 5/8" iron rod with cap marked No. 2763 marking the beginning of a non-tangent curve to the right having a central angle of 00018' 31", a radius of 5,920.79', a chord bearing of N 78006'40" E, a chord distance of 31.90'; Thence continuing with said south right-of- way line for an arc distance of 31.90' to a set 5/8" iron rod with cap for a point on a curve to the right and POINT OF BEGINNING of the herein described tract; said point on a curve having a central angle of 080 06' 50", a radius of 5,920.79', a chord bearing of N 82019'20" E, a chord distance of 837.76'; THENCE continuing with said south right-of-way line of Fairmont Parkway for an arc distance of 838.46' to a set 5/8" iron rod with cap marking the west end of a 20' cut back line; . THENCE S 480 20' 39" E - 28.20', with the said cut back line, to a set 5/8" iron rod with cap for corner; THENCE S 030 09' 51" E - 157.55' to a set 5/8" iron rod with cap marking the Point of Curvature of a curve to the left having a central angle of 18023' 40", a radius of 530.00', a chord bearing of S 12021'41" E, a chord distance of 169.42'; THENCE continuing with said curve for an arc distance of .170.15' to a set 5/8" iron rod with cap for a Point of Reverse of a curve to the right having a central angle of 19037' 17", a radius of 470.00', a chord bearing of S 11044'53" E, a chord distance of 160.17'; THENCE continuing with said curve for an arc distance of 160.96' to a set 5/8" iron rod with cap marking the Point of Tangency: THENCE S 010 56' 14" E - 1,468.48' to a set 5/8" iron rod with cap marking the north end of a 20' cut back line; THENCE S 420 43' 18" W - 28.45', with the said cut back line, to a set 5/8" iron rod with cap for corner; THENCE S 87022' 51" W - 895.07' to a set 5/8" iron rod with cap marking the east end of a 20' cut back line; THENCE N 47016' 42u W - 28.12', with the said cut back line, to a set 5/8" iron rod with cap for corner; THENCE N 010 56' 14" W - 1,873.79', 98' east and parallel with the said east right-ot-way line of Underwood Road, to a set 5/8" iron rod with cap located in the south right-at-way line at said Fairmont Parkway at its intersection with the west end ot a 20' cut back line; THENCE N 380 06' 56" E - 30.62', with the said cut back line, to the POINT OF BEGINNING and containing 41.7070 acres (1,816,756) of land, more or less. Compiled from survey by: PREJEAN & COMPANY, INC. Surveying I Mapping 256-4-9RA.mb NnvAmber 28. 2006