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<br />Garson Silvers <br />July 1, 2009 <br />page 2 <br /> <br />will execute a promissory note, and a deed of trust mortgage, on <br />the property described in said deed of trust, to secure the payment <br />of the promissory note, to reimburse Development for the final cost <br />of remediation. <br /> <br />If this letter accurately states East A Developments, L.P. 's <br />understanding of its agreement with the City of La Porte <br />Development Corporation, please have the promissory note and deed <br />of trust executed as indicated, and return to me, with an executed <br />copy of this letter, evidencing your firm's understanding and <br />approval of the agreement between the parties. The original of <br />this letter will be your copy of the agreement. <br /> <br />Yours very truly, <br /> <br />By: <br /> <br /> <br />PORTE <br />o ORATION <br /> <br />Manager <br /> <br />ACCEP'rED AND AGREBD; <br /> <br />EAST A DEVELOPMENTS, L.P. <br /> <br />By: <br /> <br /> <br />By: <br /> <br />JJ: sw <br />Enclosure <br />