2007-IDA-127 Bayport Associates I, LLC

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METES & BOUNDS DESCRIPTION 18.8699 ACRES OF LAND OUT OF RESTRICTED RESERVE "B" BAYPORT NORTH INDUSTRIAL PARK II HARRIS COUNTY, TEXAS All that certain 18,8699 acres of and out of Restricted Reserve "B ", Bayport North Industrial Park II according to the plat thereof filed at Film Code No. 625094, Harris County Map Records, also being out of that certain residue of a called 187.6711 acre tract of land described in a deed dated 12 -04 -2006 from Tuff li Company, Inc. to North Bayport Industrial Park II, Ltd. filed for record in the Official Public Records of Real Property of Harris County, Texas, at Harris County Clerk's File No. 20060239193 and corrected under 20070038097 being more particularly described by metes and bounds as follows: COMMENCING at a found "X" in concrete being the north end of a 20' cut back line for the east right -of- way line of Fair Drive (60' wide) at its intersection with the north right -of -way line of New Decade Drive (60' wide), and being the northerly southwest corner of said Reserve "B "; Thence N 01° 56' 14" W — 852.58', with said east right -of -way line to a found 5/8" iron rod with cap for corner; Thence N 88° 03' 46" E — 405.21' with the south line of that certain called 5.0000 acre tract of and described in a deed dated 02 -20- 2009 from North Bayport Industrial Park II, Ltd. to Bayport North, L.L.C. filed in the Official Public Records of Real Property of Harris County, Texas in Clerk's File No.20090094007, Film Code No.063 -16 -1903 to a found 5/8" iron rod with cap for the POINT OF BEGINNING of the herein described tract; THENCE N 01° 56' 14" W with the east line of said called 5.0000 acre tract at 537.50' passing a found 5/8" iron rod with cap marking the southeast corner of that certain called 5.9035 acre tract described in a deed dated 02 -27 -2009 from North Bayport Industrial Park II to SBS Fairmont Parkway, Ltd. filed in the Official Public Records of Real Property of Harris County, Texas in Clerk's File No.20090087273, Film Code No.063 -06 -0225 and continuing with said east line for a total distance of 1,128.50' to a found 5/8" iron rod with cap for corner; THENCE N 86° 50' 09" E — 880.11', with the south right -of -way line of Fairmont Parkway (250' wide) to a found 5/8" iron rod with cap marking the north corner of a 20' cut back line for the west right -of -way line of Malone Drive (60' wide); THENCE S 48° 09' 51" E — 28.28', with said cut back line to a found 5/8" iron rod with cap for corner; THENCE S 03° 09' 51" E — 76.37', with said west right -of -way line to a found 5/8" iron rod with cap marking the Point of Curvature of a curve to the right having a central angle of 33° 13' 41 ", a radius of 470.00', a chord bearing of S 13° 27' 00" W, a chord distance of 268.77'; THENCE with said curve to the right and continuing with said west right -of -way line for an arc distance of 272.57' to a found 5/8" iron rod with cap for the Point of Tangency; THENCE S 30° 03' 50" W — 301.60', continuing with said west right -of -way line to a found 5/8" iron rod with cap marking the Point of Curvature of a curve to the left having a central angle of 32° 01' 06 ", a radius of 530.00', a chord bearing of S 14° 03' 17" W, a chord distance of 292,34'; THENCE with said curve to the left and continuing with said west right -of -way line for an arc distance of 296.18' to a found 5/8" iron rod with cap for the Point of Tangency; THENCE S 01° 57' 16" E — 255.50', continuing with the west right -of -way line of Malone Drive to a found 5/8" iron rod for corner; THENCE S 88° 03' 46" W — 590.36' to the POINT OF BEGINNING and containing 18.8699 acres (821,974 square feet) of land. Compiled from survey by: PREJEAN & COMPANY, INC. Surveying / Mapping 256 -4 -31 Res. B Remainder Date: 04 -14 -2011