5 Pts. Property - Phase I & II Environmental Site Assessment fior commerical property at Broadway and East A street.

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2.0 INTRODUCTION 2.1 PURPOSE OF ASSIGNMENT Geo-Tech was retained to conduct a Phase I & II ESA to assist in the underwriting of a proposed mortgage loan of the determined subject property. This assessment was designed to provide an objective, independent, professional opinion of the potential environmental risks, associated with the subject property, if any. As such, this Phase I & II ESA is intended to permit a user to satisfy one of the requirements to qualify for the Innocent Landowner Defense to the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); that is, the practices that constitute "all appropriate inquiry into the previous ownership and uses of the property consistent with good commercial or customary practice". In defining a standard of good commercial and customary practice for conducting a Phase I & II ESA of a parcel of property, the goal is to identify RECs. The term RECs is defined as the presence or likely presence of any hazardous substances or petroleum products on a property under conditions that would indicate an existing release, past release, or a material threat of a release of any hazardous substances or petroleum products into structures on the property or into the ground, ground water, or surface water of the property. RECs include hazardous substances or petroleum products even under conditions that are in compliance with laws. RECs include hazardous substances or petroleum products even under conditions that are in compliance with laws. It should be noted that the term is not intended to include de minimis conditions that generally do not present a material risk of harm to public health or the environment, and that generally would not be the subject of an enforcement action if brought to the attention of appropriate governmental agencies. The purpose of this ESA was to identify potential RECs at the subject property as defined by the American Society for Testing Materials (ASTM) E 1527-05 standard for environmental evaluations. 2.2 DETAILED SCOPE -OF -SERVICES The assessment was conducted in accordance with the ASTM Standard Guide for Environmental Site Assessments: Phase I& 11 Environmental Site Assessment Process E 1527-00, the scope of work provided by the Client, and generally accepted industry standards. Environmental Settinx - Efforts were made to determine the environmental setting of the subject property with respect to topography, surface water bodies, flood plain, wetlands, soil type. "Wetlands" is a general term used to describe a variety of ecosystems, which may include prairie potholes, marshes, fens, bogs, wet meadows and swamps. It is not part of this assessment to conduct a formal wetland determination. Prior Use History Review - Attempts were made to identify the obvious prior usage of the property back to the property's first developed use or 1940 whichever is earlier, using as many sources that were both reasonably ascertainable and likely to be useful. Standard historical sources include any or all of the following: historical aerial photographs, historical maps, tax information, land title records, topographic maps, local street directories, building department records, zoning/land use records, prior reports and interviews with local agencies or other knowledgeable individuals. Commercial Property Geo-Tech Ernironmental Inc. Broadway & East A St., La Porte, U 77571 Project Number:06343