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<br />such option, {a) the Landlord shall provide the Tenant with six <br />months written notice of its intention to reduce the area of the <br />Leased Premises, and (b) the area of the Leased Premises shall be <br />reduced as shown on Exhibit nA"~u attached to said Lease Agreementl <br />and the rental thereunder shall be reduced on a pro rata square <br />foot or acreage basie, and city, as Landlord I agrees to reimburse <br />the Tenant for the remaining undepreciated value of Tenant' 6 <br />improvements on that portion of the Leased Premises, based on a 15 <br />year level amortization from the commencement Date of said Lease <br />Agreement I which was January 1, 1997. <br />3. Owners own substantially all the real property which <br />abuts the right-of"way of North "H" street in the City of La Porte, <br />extending from the west right-of "way line of North Broadway Street, <br />to the east right-of"way line of North 8th Street, in the city of <br />La Porte. Owners desire to have the city of La Porte exercise the <br />rail spur option, described in paragraph 2, above. Owners request <br />city to grant O~mers a Rail Easement in form attached hereto as <br />Exhibit liB", incorporated by reference herein, and made a part <br />hereof for all purposes. <br />WHBRBFORE, in consideration of the payment by OWne~s to City, <br />of a oash sum, which shall be calculated by multiplying (i) that <br />portion of the Railroad Easement located on the property described <br />on Exhibit nAil, attached hereto, and (ii) that portion of the <br />Railroad Easement located on the right-of-way of North "HI! street; <br />multiplied by $4.50 per square foot, payable as follows, to-wit: <br />A. Owners shall, upon the execution hereof, make an initial <br />deposit of Two Hundred Thousand Dollars ($200,000.00), to <br /> <br />2 <br />