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HomeMy WebLinkAbout06-6015 HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T, SHOEMAKER, ESQ. IDENTIFICATION NO. 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston, PA 18704 (570) 287-3000 TAMMAC CORPORATION, now by assignment, T AMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs. CIVIL ACTION - LAW R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. ()~ -IoDI S C, (J l CT 8f2.. "'l NOTICE YOU HAVE BEEN SUED IN COURT. If you wish to defend against the claims set forth in the following pages, you must take action within twenty (20) days after this Complaint and Notice are served by entering a written appearance personally or by attorney and filing in writing with the Court your defenses or objections to the claims set forth against you. You are warned that if you fail to do so the case may proceed without you and a judgment may be entered against you by the Court without further notice for any money claimed in the Complaint or for any other claim or relief requested by the Plaintiff. You may lose money or property or other rights important to you. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW. TillS OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER. 737794. ] IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAYBE ABLE TO PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE. CUMBERLAND COUNTY BAR ASSOCIA nON 32 South Bedford Street Carlisle, P A 17013 (717) 249-3166 -or- PENNSYLVANIA LAWYER REFERRAL SERVICE P.O. Box 1086, 100 South St. Harrisburg, PAl 7108 (Pennsylvania residents phone: 1-800-692-7375; out -of-state residents phone: 1-717-238-6715) BY: HOURIGAN, K~~R & QUINN, P.C. \?-.~ - James T. Shoemaker, Esquire ill No,: 63871 Counsel for the plaintiff, Tammac Holdings Corporation 737794.1 HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQUIRE ATTORNEY FOR PLAINTIFF IDENTIFICATION NO, 63871 LAW OFFICES 600 THIRD AVENUE KINGSTON, PA 18704-5815 (570) 287-3000 TAMMAC CORPORATION, now by assignment, T AMMAC HOLDINGS : CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs, CIVIL ACTION - LAW R.B. MECHANlCSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO, O~ - ~6/S C!/l..{'-y ~"1J. COMPLAINT The plaintiff, Tammac Corporation, now by assignment, Tammac Holdings Corporation ("Tammac"), by and through its counsel, Hourigan, Kluger & Quinn P,c., hereby complains against the defendants R.B. Mechanicsburg Associates, L.P. and Mayer Pollock Steel Corporation, as follows: 1. Tammac is a corporation conducting business in the Commonwealth of Pennsylvania, having an office located at 100 Commerce Boulevard, Suite 200, Wilkes-Barre, P A 18702, 2. R.B, Mechanicsburg Associates, L.P, ("R,B.") is a Pennsylvania Limited Partnership having a registered office located at 810 Seventh Ave, 281h Floor, New York, New York 10019, 736819,1 3. Mayer Pollock Steel Corporation ("Mayer") is a Pennsylvania Corporation with a registered office address of South Keirn Street, Pottstown, Pa 19464. 4. On Of about February 2, 1998, TammK lMde a loan to Anthony Cole and Cathy Cole Gointly, the "Coles") in the amount of$21,323.50, as evidenced by a note (the "Note"), (A true and correct copy of the Note is attached hereto as Exhibit "A" and incorporated herein by reference. ) 5. In order to induce Tammac to make the aforesaid loan, the Coles granted Tammac a security interest in a 1981 Victorian Manufactured home, owned by the Coles, bearing VIN IV7014CKD27138 (the "Collateral"), as further evidenced by the Commonwealth of Pennsylvania Department of Transportation Certificate of Title, (A true and correct copy of the Certificate of Title is attached hereto as Exhibit "B" and incorporated herein by reference.) 6, The Note was assigned to Vanderbilt Mortgage and Finance, Inc" and was then further assigned back to Tammac. 7. The Coles defaulted under the terms of the Note by failing to make monthly payments of principal and interest due under the Note, 8, The balance of the Note as of April 19, 2005 was $19,139.63, consisting of principal in the amount of$17,323,37, and accrued interest in the amount of$I,816.26, exclusive of attorneys' fees and costs. 9. Tammac believes and therefore avers that the Twigg Mobile Home Park in which the Collateral was located was sold to R,B. on or about November 12, 2004, as evidenced by a deed from Manufacturers and Traders Trust Co, to R,B. dated November 12,2004 and recorded November 24,2004 in Cumberland County Record Book 266, pages 2023 et seq, (the 736819,1 "Premesis"). (A true and correct copy of the ~. Couaty ReconI Boat 266, pages 2023 et ..,. .~ hereto as Exhibit "e" and incorporated herein by r~e.) 10. On or about November 5,2004, R.B, and Lowe's "-Celleln,". ("Lo....s"), entered into a ground lease agreement ("Lease") wherein a Lowe's retail store woukt be constructed at the Premises. (A true and correct copy of the Memorandum of Ground Lease is attached hereto as Exhibit "D" and incorporated herein by reference.) 11. Pursuant to the Section 3 ,} of the site development agreement (the "Site Development Agreement") between R,B. and Lowe's, R,B. was responsible for the completion of certain on-site improvement work related to the building pad area including the clearing and grading. (A true and correct copy of the Site Development Agreement is attached hereto as Exhibit "E" and incorporated herein by reference,) 12, Upon information and belief, Mayer was contracted by R,B. to perform the demolition and clearing of mobile homes from the building pad area, 13, Upon information and belief, in or about November of2004, Mayer did perform the demolition and clearing of the site, 14, Upon information and belief, in the course of performing the demolition and clearing of the site, Mayer demolished the Collateral. 15, As a direct and proximate result of the actions ofR,B. and/or Mayer, Tammac has been damaged, inasmuch as a balance of$19,139,63, plus interest from April 19, 2005 and attorneys' fees and costs, remains on the Note, yet Tammac's Collateral has been destroyed.. WHEREFORE, Tammac demands judgment in favor of Tammac and against defendants, R.B. Mechanicsburg Associates, L.P.. and Mayer Pollock Steel Corporation for damages in the amount of $19,139.63, plus interest from April 19, 2005 and reasonable attorneys' fees and costs. 736819,1 600 Third Avenue Kingston, PA 18704 (570) 287-3000 Telephone (570) 287-8005 Facsimile Dated: October i 0 , 2006 736819,1 BY: Respectfully submitted, HOURIGAN, KLUGER & QUINN, P,C. \/----, James T. Shoemaker, Esquire ID No.: 63871 Counsel for the plaintiff, Tammac Holdings Corporation VERIFICATION I, Amanda Heiges, hereby certify that I am a Paralegal with Tammac Corporation. I have the authority to make this verification on its behalf. The statements contained in the foregoing complaint are true and correct to the best of my knowledge or information and belief. I understand that this verification is made subject to the penalties of 18 Pa. C.s. S4904 relating to unsworn falsification to authorities. !? - r:L ~N ~ 695148.1 EXHIBIT ~ !:!I ! ;t\/I D1REC UALLMENT LOAN TRUTH.IN.LENDING D1SCLosueJ; Manufactured Home (Fixed Raf,lll Dale: 2/2/98 NOTICE: ( ] If checlee!!, see separate Itemization of Amount tmaneed I I See HUD.IA ~NNUAL . FINANCE Amount Financed Total of Payments ERCENTAGE CHARGE The amount of credit The amount the Borrower will RATE The dollar amount the credit provided to the Borrower or have paid after Borrower has The cost of the will cost the Borrower. on the Borrower's behalf. made all payments as scheduled. Borrower's credit as a yearly rate. 21,323.50 56,372.40 16.00(),Q $ 35,048.90 $ $ The Borrowe(s Pavment Schedule will be: e means an estimate Number of Pavments Amount of Payments When Payments Are Due 180 $ 313.18 Monthly, beginning 3/2/98 Security: lender is getting a security interest in deposits or late Charge: [ ] Not Applicable, [X I" a payment is not made property held by lender, and: within 15 days of its due date, Borrower may be charged the [ I None, ( J Manufactured Home being purchased, GREATER of $ 20.00 or10.00 % of the [ I Real Estate. [ I total amount of the payment which was not paid in full. Prepayment If Borrower pays off early, Borrower will not have to pay a penalty, Required Deposit Balance: (X ] Not Applicable. ( I The In addition, collaterallother than Borrowe(s principal residence) Annual Percentage Rate does not take into account your required securing other obligations to lender may also secure this Note. deposit balance, Security Interest Charges: Assumption: If this loan is secured by a dwelling, someone purchasing that dwelling cannot assume the remainder of the loan on I I None I X I Filing Fees $ 5.00 the original terms. See your contract documents for any additional infonnation about nonpayment, default, any required repayment in full before the scheduled date and prepayment refunds and penalties, PROPERTY INSURANCE: You may choose the person through whom insurance is obtained against loss of or damage to the manufactured home and against liability arising out of use or ownership of the manufactured home. If you obtain property insurance through us, the premium costs for the msurance tenns indicated below are included in the item called To Property Insurance Company of the ITEMIZATION OF AMOUNT FINANCED section of this Installment loan, In the section called YOUR PROMISES ABOUT INSURANCE on the reverse side of this Contract, you aro promising to insure the manufactured home and keep it insured, 1- Manufaclured Home' ,221.00 Term ~Mos. Other Physical Oamage Ins, IDOscribel 1- Comprehensive on $ INCL. Term ~os. _Other Manufactured Home (Oescribel lender:Ta;r.fc' Corporat I on 1- Fire and Theft INCL. Term ~os. N/A Itemization of Amount Financed Amount Financed $ 21,323.50 (II Amount given directly to Borrower $ N/A (2) Amount paid on Borrowe(s account $ 19,980.00 (3) Amount retained by lender for Closing Costs $ 60.00 (4) Amount paid to others on Borrowe(s behalf N/A (a) to public officials $ N/A (b) to Credit Insurance Company. $ N/A (cl to Property Insurance Company $ 1,221. 00 (dl to Tammac Corp $ N/A (el to Tammac Crdt $ 35.00 (f) to TitlelReg $ 22.50 (gl to VSI $ N/A (hi to Sales Tax $ N/A (i) to Filing Fees $ 5.DO Prepaid Finance Charve $ N/A Term _Mos. . lender may receive a portion of this amount N/A Term _Mos. TOTAL CHARGES $1 ,221 . DO CREDIT INSURANCE IS NOT REQUIRED: Credit life Insurance is not required to obtain credit, and will not be provided unless you sign below and agree to pay the additional cosl. Please read the NOTICE OF PROPOSED CREDIT INSURANCE on the reverse side, Your insurance certificate or policy will tell you Ihe MAXIMUM amount of insurance available, By signing, you select Single Credit life Insurance, which costs $ NIA What is your age? Years Signature of Buyer to be insured for Single Credit life Insurance Insurer: By signing, you both select Joint Credit life Insurance, which costs $ N I A What are your ages? Signature of both Buyers to be insured for Joint Credit life Insurance DIRECT INSTAllMENT LOAN NOTE DEFINITIONS: In this Note, the word "Borrower" means each and all of those who sign below and each and all of those who endorse the check which disburses the proceeds of this loan. The word "lender" means Tammac Corporation or any person to whom this Note has been transferred. BORROWER'S PROMISE TO PAY: To repay this loan, Borrower promises to pay to lender $ 21 ,323 .50 , with interest on the unpaid balance from the date funds are advanced until paid in full. Interest shall be paid at the rate per annum of 1 6 . DODO %. Borrower promises to make payments in accordance with the payment schedule stated in this Note. Borrower promises 10 pay to lender all other amounts which may become due under the tenns of this Note, including, if applicable, late Charges and Costs of Collection, Borrower agrees to make payments at the place designated by lender. PA YMENT SCHEDULE: Borrower agrees to pay to lender the amounts due under this Note in uninterrupted monthly payments: 180 payments of $ 313. 18 and a final payment, which will be billed by lender, of all remaining unpaid amounts. Payments will be due on Ihe same day of each month starting on 312 198 Payments will continue until all amounts due are paid, The date that the final payment is scheduled in this paragraph to be due is called the "Maturity Date" of this Note. lATE CHARGE: I I Not Applicable. I XI Borrower agrees that lender may assess a late charge for any-payment not paid in full within 15 days of its due date, The late charge will be the GREATER of $ 20.00 or 10.00 % of the total amount of the payment which was not paid in full. No late charge will be due. however, if the reason that the payment is late is either: {al attributable to a late charge assessed on a prior payment; or (b) because, after default by Borrower, the entire outstanding balance on this Note is due. No more than one late charge will be imposed for any single scheduled payment. MULTIPLE PARTIES: If there is more than one Borrower, each agrees to be responsible to lender. individually and together, for payment in full of this loan, Borrowers agree that payment of all or part of the proceeds of this Note to any Borrower or to anyone else at the direction of any Borrower will be the equivalent of payment to each Borrower and for the benefit of all Borrowers. 2/2/98 Date 2/2/98 Oate CO,MAKERS-SEE NOTICE TO CO.SIGNER ON THE REVERSE SlOE: Any Borrower who is designated as a Co.Maker agrees to be equally responsible with all other Borrowers for the payment of this loan and performance of all promises in this Note. Co.Maker Date Co-Maker Date f'. NOTICE: SEE REVERSE SIDE FOR IMPORTANT INFDRMATION COPY OF ORIGINAL "'1997 BANCONSUMER SERVICE. INC. PAS42A.11 (6/97/ TA'!.'"t:..:183 ADDITIONAL PROVISIONS COMPUTING INTEREST: Interest is charged on a da~y basis, according to the outstanding balance subject to interest on each day of the loan tenn, The daily interest rate is equal to the annual interest rate in effect on that day divided by the number of days in that calendar year, Borrower agrees that because interest is calculated on a daily basis, late payments wiD result in additional interest (and, if applicable, a late charge); early payments will result in less interest being charged. APPLICATION OF PAYMENTS: L8flder will apply payments to satisfy interest, late charves, fees and principal in the order as determined at the option of the Lender, AU regular payments will be applied to the satisfaction of scheduled payments in the order in which they become due, WAIVER BY LENDER: If Borrower has made or makes in the future another loan agreement with Lender, Lender mi1Iht obtain a security interest in the principal dwelling of Borrower or someone else to secure that other loan agreement. That Security Agreement may provide that the principal dwelling secures not only that other loan agreement but also all other loan agreements of Borrower with Lender, Lender waives (gives up) any right to claim a security interest in the principal dweUing of any person to secure this Note unless the security interest is specifically given to secure this Note, INTEREST AFTER MATURITY: Unless prohibited by applicable law, interest at the rate provided in this Note shall continue to accrue on the unpaid balance until paid in fuR, even after Iwhether by acceleration or otherwise) maturity andlor if judgment is entered against Borrower for the amounts due, If at any time interest as provided for in this paragraph is not permitted by law, interest shaR, in that event and at that time, accrue at the highest rate allowed by applicable law. PEFAULT: (As used in this paragraph, the term "Borrower" includes Borrowers, Co.Makers, Guarantors, sureties, and any owner of property which is security for this Note,) Borrower will be in default: (al if Borrower does not make any payment before Of on the date it is due; or (b) if Borrower fails to keep any promise made in this Note or defaults in any other note, loan or agreement with Lender; or lc) if anyone who signs the Security Agreement or a Mortgage securing this Note breaks any promise made in the Security Agreement or Mortgage; including but not limited to the promise not to seR, give away or transfer title to the property which is the subject of the Mortgage or security interest; or (d) if any property in which Lender has obtained a security interest to secure this Note is lost, stolen (and not recovered within a reasonable timel Of destroy8ll; or (e) if Borrower has made any untrue statement or misrepresentation in the credit application or any other certificate or document given or made for this loan; or (f) upon the death of Borrower or anyone of them, if there is more than one; or (g) if Borrower provides Lender with false information or forged signatures at any time; or (h) if a court with proper jurisdiction to do so finds that Borrower, or any one of them, is incapacitated, If Borrower is in defaull, the entire outstanding balance on this Note shall be immediately due, at the option of the Lender, This will happen without any prior notice to Borrower, or nghtto cure, except as may be required by law, Borrower will also be in default: m if Borrower becomes insolvent and/or cannot pay Borrower's debts as they become due; or ij) if any other creditor tries by legal process to take any money or property of Borrower in the Lender's possession; or (kl if Borrower files a bankruptcy petition or if anyone files an involuntary bankruptcy against Borrower; or (I) if Borrower makes an assignment for the benefit of creditors, or any insolvency, reorganization, arrangement, debt adjustment, receivership, trusteeship, liquidation or other legal or equitable proceedings are instituted by or against Borrower; or (m) if any judgment, tax lien, municipal charge or tax levy is filed or writ of execution is issued against Borrower, If any event described in (i),m, (k), (II, or (m) happens, the entire outstanding balance on this Note shall be immediately due without any prior notice to Borrower, or right to cure, except as may be required by law, A default by Borrower on this Note is a default on every other note, loan or agreement of Borrower with Lender, GENERAL WAIVER PROVISIONS: Borrower waives presentment for payment, demand, protest, notice of protest, dishonor and all other notices or demands in connection with the delivery, acceptance, performance, default or enforcement of this Note. Borrower further waives any right to require due diligence in collection by Lender. DELAY IN ENFORCEMENT: lender can dolay enforcing any rights undelthis Note without losing any rights. Lender's failure to enforce any right under this Note shall not act as a waiver of that right or preclude the exercise of that right in the event of a future occurrence of the same event, Lender can also extend the time allowed for making payments, and such extension shall not affect the ohligations of any Borrower, whether or not that Borrower is given notice of the extension. RELEASE OF SOME BORROWERS OR SOME SECURITY: If there is more thaR 01lE! Borrower, each agrees to remain bound by this Note, although Lender may release any other Borrower or release or substitute any property which is security for the repayment of this Note, Borrower waives all defenses based on suretyship and inpairment of collateral or security. SECURITY INTEREST CHARGES: Borrower agrees to pay any recording, filing, satisfaction and encumbrance fees which may be charged. The charges are to repay Lender for the fees paid to public officials to protect, continue, or release any security interest given in the Security Agreement or Mortgage. PROPERTY INSURANCE: If property insurance and/or flood insurance is required under this Note, a M Drtgage, or a Security Agreement. Borrower may obtain property and/or flood insurance from anyone that is acceptable to Lender. If flood insurance is required, Borrower has been separately notified. PREPAYMENT: Borrower may prepay, in fun or in part, the amount owed on this Note at any time without penalty. lf Borrower prepays the loan in part, Borrower agrees to continue to make regularly scheduled payments until all amounts due under this Note are paid. BORROWER MAKES THE FOllOWING ADDITIONAL PROMISES TO lENDER: la) to pay all taxes due on the Manufactured Home; {bl to allow Lender the right to inspect the Manufactured Home at any reasonable time, and to maintain the Manufactured Home in good condition and repair, reasonable wear and tear excepted; Ic) to keep the Manufactured Home fully insured against loss or damage, as provided in the Security Agreement and/or Mortgage; (dlto pay all filing fees necessary for Lender to obtain and maintain its security interest, If Borrower fails to honor the promises to maintain insurance in effect, or to pay filing fees, taxes or the costs necessary to keep the Manufactured Home in good condition and repair, Lender may, if Lender alone chooses, advance any sums Borrower promised to pay and obtain insurance, lf Borrower faas to maintain the required insurance and provide Lender with evidence of that insurance, Lender may obtain insurance to cover loss or damage to the Manufactured Home, Such insurance wal be limited to an amount not greater than what Borrower owes on this Note, Any amount Lender advances on Borrower's behalf will be added te the balance on which Lender imposes Finance Charges at the Annual Percentage Rate of this Note, if permiUed by law, and will be repayable, as Lender alone may specify: OJ immediately on demand; or (ii\ along with the monthly payments, If Lender chooses to allow Borrower to repay the amounts advanced in installments, and if permitted by law, Borrower agrees that Lender wal increase the amounts of the monthly payments in an amount sufficient to repay the amount Lender advanced at the Annual Percentage Rate of this Note, in substantially equal payments from the date of the payment change over a term which Lender will choose but which will not be longer than tho remaining term of this Note. Lender's payments on Borrower's behalf will not cure Borrower's failure to perform Borrower's promises in this Note. Borrower's promises made and Lender's rights set forth in this section shall not merge with any jUdgment entered in any legal action and shall apply until all amounts owed are paid in full, LENDER MAY SIGN BORROWER'S NAME TO INSURANCE CHECKS: Borrower gives Lender the right to sign Borrower's name on any check Of draft from an insurance company. This is limited to a check or draft in payment of returned premiums or benefits under credit life insurance or credit disability insurance, insurance covering property which is security for this loan or flood insurance, This means that Borrower appoints Lender as attorney.in.fact for Borrower with the full power to endorse checks or drafts. COSTS OF COLLECTION: If Borrower is in default under this Note and Lender files suit, or takes other action to collect this loan or protect the Manufactured Home, Borrower agrees to pay costs of suit and, if permilled by law. reasonable attorneys' fees and expenses. SECURITY INTEREST IN DEPOSITS: The Lender may set.oll any amounts due and unpaid under this loan against any of Borrower's money on deposit with Lender, This includes any money which is now or may in the tuture be deposited with Lender by Borrower or with any co.depositor, including Borrower's spouse, This also includes any property, credits, securities, or money of the Borrower, which may at any time be delivered to or in the possession of the Lender. This may be done without any prior notic8 to Borrower. ASSIGNMENT: Borrower may not assign or otherwise transfer Borrower's rights under this Note to anyone else. Lender may sell, transfer, or assign this Note, and any Security Agreement and/or Mortgage given to secure this Note, and Borrower's rights and obligations under this Note will continue unchanged, HEIRS AND PERSONAL REPRESENTATIVES BOUND: The provisions of this Note shaR be binding upon the Borrower, and the heirs and personal representatives of the Borrower. GOVERNING LAW PROVISION: This Note and its validity, construction and enforceability shall be governed by the laws of Pennsylvania, except to the extent that such laws have been preempted or superseded by federal law. NOTICE OF PROPOSED CREDIT INSURANCE The Signer(s) of this Note hereby take(s) notice that Group Credit Life Insurance coverage andlor Group Credit Accident and Health Insurance coverage will be applicable to this Note if so marked on the front side of this Note, and each such type of coverage will be written by the insurance company named, This insurance, subject to acceptance by the insurer, covers only the person signing the request for such insurance. The amount of charge IS indicated for each type of credit insurance to be purchasea, The term of the insurance will commence as of the date the indebtedness is incurred and will. expire on the original maturity date of the indebtedness, Subject to acceJltance by the insurer and within 30 days, there will be delivered to the insured debtor a certificate of insurance more fully describing the insurance. In the event of prepayment of the indebtedness a refund of insurance charged will be made when due. ' FORM NPG.52 NOTICE TO CO-SIGNER You are being asked to guarantee this debt. Think carefully before you do. If the Borrower doesn't pay the debt, you will have to, Be sure you can afford to pay if you have to, and that you want to accept this responsibility. You may have to pay up to the full amount of the debt if the Borrower does not pay, You may also have to pay late fees or collection costs, which increase this amount, The Lender can collect this debt from you without first trying to coUect from the Borrower. The Lender can use the same collection methods against you that can be used against the Borrower, such as suing you, etc. If this debt is ever in default, that fact may become a part of your credit record. NOTICE -- ANY HOLDER OF TillS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER. PAS42A.116197j GOPY SECURITY AGREEMENT Date: 01/<;1/9Y DEFINITIONS: In this Security Agreement, the word .Lender" means Tammac COrporation, 1140 ROUTE 315, WILKES-BARRE, PA 18111 which is the secured party, The word "Borrower" means ANTHONY L COLE CATHY L COLE If there Is more than one, the word Borrower means each of the Borrowers, and any Bonower, together with one or more other Borrower andlor with one or more others, jointly and cofleclively. The word .Owner" means each and all of those who sign this Security Agreement Below. The Owner is the person, or each and all of those if more than one, to whom the Collateral belongs. The word "Collateral" means all of the property listed below. The Collateral is the property in which the Owner is giving the Lender a security interest Whenever used, the singular number shall include the plural, the plural shall include the singular; the use of any gender shall include all genders; the word "person" shall include corporations, partnerships, and all other legal entities; and the words Owner, Lender, and Borrower shall include their respective heirs, personal representatives, successors and assigns, SECURITY INTEREST: Owner gives to Lender a security Interest in the Collateral described below, to seCUre the payment andlor performance of the obligations listed below in the "Debts Secured" section. DEBTS SECURED: This Security Agreement secures the payment to Lender of Borrower's loan in the principal amount of $ 21 ,323.50 plus interest, if the Note provides for payment of principal plus interest (if not, this Security Agreement secures the paYlJ1e?t to Lender of the Bonower's loan in the lotal amount previously stated), according to the promises made in Borrower's "Note" dated .:>/~/9't , and the performance of all promises of Borrower made in or in connection with that Note. This Security Agreement also secures payment of: (a) any other debts of Borrower which are owed or assigned to Lender now or In the fulure; (b) any other debts of Owner which are owed or assigned to Lender now or in the fulure: (c) all of Lender's costs and expenses, Including attorney's fees, Incurred in the collection of any debt secured hereby, In any action to protect or enforce Lender's rights under this Security Agreemenl, or In bankruptcy proceedings of or against Bonower or Owner; (d) all amounts which Owner agrees In this Security Agreement to pay to Lender; and (e) any refinancing, substitution, extension and/or renewal of any of the above. Regardless of any other provisions of this Security Agreement. any household goods, as defined in Federal Reserve Board Regulation M (12 C.F,R.227.12), in which Lender is getting a security Interest, do not secure debts which Borrower or Owner owes to Lender, either now or in the fulure, other than that debt evidenced by the Note, unless such debts are extensions, refinancings or consolidations of the Note. OWNER: The Owner(s) of the Collateral is (are): ANTHONY L COLE CATHY L COLE Whose residence addressees) is (are): 194 HOLIDAY AVENUE, ,MECHANICSBURG, PA 17055 COLlATERAL: Owner gives to Lender a security interest in:1981 VICTORIAN 14X70 IV7014CKD27138 A Mobile Home, which will be kept at the address listed below, Including all accessories, equipment, parts and attachments, identified as follows: 194 HOLIDAY AVENUE MECHANICSBURG. PA 17055 The Owner agrees and represents that the Collateral is and/or will be used lor the following purpose and will not be used for any other purpose without prior written notice to Lender: Personal, family or household purposes. The Collateral [ ] is [ X ] is not now pennanently attached to a building or other real estate. The Collateral [ ] will [X ] will not be pennanently attached to a builcllng or other real estate. Owner gives Lender a security interest in the proceeds of any Collateral, including any insurance payable by reason of loss or damage to the Collateral. Owner assigns, pledges and gives to Lender a security interest in any unearned insurance policies in connection with the Collateral andlor the Indebtedness. ADDITIONS TO COLlATERAL: Owner also gives to lender a security interest In any additions, replacements or substitutions which may be made to the Collateral. This includes any equipment, parts or accessories which may be added to the Collateral in the future. USE OF COLlATERAL: While any part of the money owed to Lender remains unpaid, Owner promises: (a) to use the Collat6l'al carefully and keep it in good repair; (b) to obtain Lender's written permission belore making any major alterations; (c) 10 tell Lender in writing before changing Owner's address or the address where the Collateral Is kept; (d) to help Lender protect the rights and security interest given by this Agreement; (e) not to use the Collateral for any unlawful purposes; (I) if Owner has indicated that the Collateral is not and will not be permanently attached to a building or other real estate, it is agreed that the Collateral will remain personal property; (g) to keep the Collateral free of liens, adverse claims, and encumbrances other than the security Interest of Lender; (h) to make the Collateral available to Lender lor inspection on request; and (i) to notify the Lender immediately il the Collateral is lost, damaged, stolen or destroyed, or if the Collat6l'al is attached, levied, seized, or becomes the subject of an adverse claim. OWNERSHIP OF COLLATERAL: Owner promises that Owner owns all 01 the Collateral listed above. Owner promises that no one else has any interest in the Collateral or a claim against it Owner agrees that the Collateral will not be sold, leased, or given to anyone else as collateral until the money owed to Lender has been repaid in full. ADDITIONAL PROVISIONS ON THE REVERSE SIDE ARE PART OF THIS SECURITY AGREEMENT. COpy RECEIVED: The Owner acknowledges receipt 01 a completely filled.in copy 01 this Security Agreement Owner: Date oJ -,;)-9P ,Q-,;).91 Owner: Dale Owner: Date Owner: Date NOTICE: SEE REVERSE SIDE FOR fMPORTANT INFORMATION ORIGINAL SCRTYF 1AM-{l2183. ADDITIONAL PROVISIONS TAXES AND INSURANCE: White any part of the money owed to lender remains unpaid, Owner promises: (a) to pay all taxes due on the Collateral; lender has the option to pay the taxes. On demand, Owner promises promptly to repay to lender any amounts paid by lender for taxes; (b) to keep the Collateral fully Insured against loss or damage. Owner promises to make this Insurance policy payable to Lender In an amount equal to the value of the Collateral or the unpaid balance of Borrower's loan, whichever is less. Owner agrees to deliver proof of Insurance to lender, n requested, Owner agrees to obtain Insurance from a company acceptable to lender. If Owner does not keep the Collateral Insured, lender has the option of purchasing Insurance. On demand, Owner promises promptly to repay to Lender the cost of Insurance purchased by lender; in addition, at Lender's option, Lender may require Borrower to repay the cost of Insurance purchased by lender efther on demand or by increasing the amount of the installment payments which are due on the Note secured by this Security Agreement. (c) Owner gives lender the right to sign Owner's name on any check or draft from an insurance company and to apply the money to any debt secured by this Security Agreement. This is limited to checks and drafts in payment of a claim under an insurance policy for loss or damage to the Collateral or for returned or rebated premiums on policies insuring the Collateral. DEFAULT: If Owner is in default under this Agreement, Lender May enforce its security interest in the Collateral as provided by law and in this Agreement. This may be done without giving any advance notice or making any demand, unless provided by applicable law. Owner wUl be in default if: (a) Borrower breaks any promise made in fts Note to lender; (b) Owner breaks any promise made in this Security Agreement; (c) Borrower or Owner breaks any other promise made to lender in connection with any debt which is secured by this Security Agreement; (d) Owner or Borrower Is in default under any other Note, Mortgage, or Agreement wfth lender; (e) the Collateral is lost, destroyed beyond repair, or stolen (and not recovered within a reasonable time); (I) Owner dies; (g) any other creditor tries to take the Collateral by legal process; (h) the Owner files bankruptcy or if anyone files an involuntary bankruptcy against in the Owner; (i) any tax lien or levy is filed or made against the Owner or the Collateral; OJ Owner has made any false statement in this Agreement; (k) the Collateral is seized by federal, state, or local govemment which alleges that the Collateral was used for unlawful purposes. ENFORCING THE SECURITY INTEREST: If the Owner is in default, Lender may, without notice or demand, unless required by law, enforce its security interest in the Collateral as follows: (a) Lender may take possession of the Collateral, This may be done wfthout any advance notICe to Owner, unless required by law. lender may enter any property or building where the Collateral is located, If this Is done peaceably. Lender is not responsible for any property not covered by this Agreement that is left Inside the Collateral or attached to it; (b) Owner agrees to deliver the Collateral to lender at a time and place chosen by lender; (c) lender may enforce Its security Interest by any and all remedies pennitted andlor authorized by law. DELAY IN ENFORCEMENT: lender can delay enforcing any rights under this Security Agreement without losing them. lender's failure to enforce any rights under this Security Agreement shall not act as a waiver of those rights or preclude the exercise of those rights In the event of a future occurrence of the same event. CHANGE OF TERMS: If the terms of any Note or debt secured by the Collateral are changed, the security interest given by this Agreement will continue to protect lender. RElEASE OF SOME OWNERS OR SOME SECURITY: If there is more than one Owner, each agrees tQ be bound by this Security Agreement, although lender may release any other Owner or release or substiMe any Collateral. If any extension is allowed Borrower by lender, ft shall not affect any provisions of this Security Agreement, whether or not Owner is given notice of the extension, FINANCING STATEMENTS AND SECURITY AGREEMENTS: Owner agrees to sign such finanCing statements, security agreements or other documents as lender believes necessary to pennit Lender to get and keep a perfected security interest in the Collateral. Owner gives to lender the power to sign Owner's name on financing statements. A copy or reproduciion of a financing statement or this Security Agreement may be filed as a financing statement If the Collateral is now or will be permanently attached to real estate, the filing will be in the real estate records. If the Collateral Includes a motor vehicle or mobile home, Owner promises to deliver to Lender the certificate of tftle for the Collaleral wllhin 30 days from the date of this Agreement The security interest in favor of lender in the amount of Borrower's loan secured will be noted on the certificate of title when it is delivered. ORIGINAL SCRTYB SECURITY AGREEMENT , I Date: r:-' /::7/ '1 Y DERNITIONS: In this Security Agreement, the word "Lender" means Tammac Corporation, 1140 ROUTE 315, WilKES-BARRE, PA 18711 which Is the secured party, The word "Borrower" means ANTHONY L COLE CATHY L COLE If there Is more than one, the word Borrower means each of the Borrowers, and any Borrower, together with one or more other Borrower anellor with one or more others, jointly and COllectively. The word .Owner" means each and all of those who sign this Security Agreement Below. The Owner is the person, or each and all of those if more than one, to whom the Collateral belongs. The word "Collateral. means all of the property listed below. The Collateral is the property in which the Owner is giving the Lender a security interest Whenever used. the singular number shall include the plural, the plural shall include the singular; the use 01 any gender shall include all genders; the word "person" shall include corporations, partnerships, and all other legal entities: and the words Owner, Lender, and Borrower shall include their respective heirs, personal representatives, successors and assigns. SECURITY INTEREST: Owner gives to Lender a security interest in the Collateral described below, to secure the payment and/or performance of the obligations listed below in the "Debts Secured" section. DEBTS SECURED: This Security Agreement secures the payment to Lender of Borrower's loan in the principal amount ot $ 21 323. 50 plus interest. if the Note provides for payment of principal plus Interest (if not, this Security Agreement secures the paYlJlentto Lender ';f the Borrower's loan In the total amount previously stated), according to the promises made in Borrower's "Note" dated ~y ::2/91 , and the performance of aU promises of Borrower made In or in connection with that Note. This Security Agreement also secures payment of: (a) any other debts of Borrower which are owed or assigned to Lender now or In the future; (b) any other debts of Owner which are owed or assigned to lender now or in the future: (c) all of Lender's costs and expenses, including attorney's fees, incurred In the collection of any debt secured hereby, in any action to protect or enlorce Lender's rights under this Security Agreement, or in bankruptcy proceedings of or agalnsl Borrower or Owner: (d) all amounts which Owner agrees in this Security Agreement to pay to Lender; and (e) any refinancing, substitution, extension anellor renewal of any of the above, Regardless of any other provisions of this Security Agreemenl, any household goods, as defined in Federal Reserve Board Regulation AA (12 C.F.R227,12), in which Lender is getting a security interesl, do oot secure debfs which Borrower or Owner owes to Lender. either now or in the future, other than that debt evidenced by the Note, unless such debls are extensions, refinancings or consolidations of the Note, OWNER: The Owner(s) of the Collateral is (are): ANTHONY l COLE CATHY L COLE Whose resfdenceaddress(es) is (are): 194 HOLIDAY AVENUE, . MECHANICSBURG, PA 17055 COUATERAl: Owner gives to Lender a security Interest in: 1981 VICTORIAN 14 X70 IV7014CKD27138 A Mobile Home, which will be kept at the address listed below, including all accessories, equipment, parts and attachments, identified as follows: 194 HOLIDAY AVENUE MECHANICSBURG, PA 17055 The Owner agrees and represents that lhe Collateral is and/or will be used for the following purpose and will nol be used tor any other purpose without prior wrillen notice to Lender: Personal, family or household purposes. The Collaleral [ J is [ X J is not now permanently attached to a building or other real estate. The Collaleral [ I will [X ] will nol be permanently allached to a building or other real estate. Owner gives Lender a security interest in the proceeds of any Collateral, including any insurance payable by reason ot loss or damage to Ihe Collateral. Owner assigns, pledges and gives 10 Lender a security interest in any unearned insurance policies in connection wilh the Collateral anellor the indebtedness. ADDiTIONS TO COUATERAL Owner also gives to Lender a security inlerest in any addllions, replacements or substitutions which may be made to the Collateral. This includes any equipment, parts or accessories which may be added to the Collateral in Ihe future. USE OF COUATERAL: While any part of the money owed to Lender remains unpaid, Owner promises: (a) to use the Collateral carefully and keep II In good repair; (b) to obtain Lender's wrillen permission before making any major alterations; (c) to tell Lender in writing before changing Owner's address or the address where the Collateral is kepI; (d) to help Lender protect the rights and security inlerest given by this Agreement; (e) not to use the Collateral for any unlawful purposes: (f) if Owner has indicated that the Collaleral is not and will not be permanently attached to a building or other real estate, it is agreed that Ihe Collateral will remain personat property: (g) \0 keep Ihe Collaleral free of liens, adverse claims, and encumbrances other than the security interest of Lender: (h) to make the Collateral available to Lender for inspection on request; and (i) to notify the Lender immediately If the Collateral is Iosl, damaged, stolen or destroyed, or if the Collateral is allached, levied, seized, or becomes the subject of an adverse claim. OWNERSHIP OF COUATERAL: Owner promises that Owner owns all of the Collaterat listed above. Owner promises that no one else has any interest in the Collateral or a claim against k. Owner agrees that the Collateral will nol be sold, leased, or given 10 anyone else as collaleral until the money owed to Lender has been repaid in full. ADDITIONAL PROVISIONS ON THE REVERSE SIDE ARE PART OF THIS SECURITY AGREEMENT. COPY RECEIVED: The Owner acknowledges receipt of a completely filled-in copy of this Security Agreement Owner: Date J -..:J- 9P ..:2-.;)-qr Owner: Date Owner: Date Owner: Dale NOTICE: SEE REVERSE SIDE FOR IMPORTANT INFORMATION ORIGINAL SCRTYr TAM-:l2183 AoomONAL PROVISIONS TAXES AND INSURANCE: While any part of the money owed to Lender remains unpaid, Owner promises: (a) to pay all taxes due on the Collateral; lender has the option to pay the taxes. On demand, OWner promises promptly to repay to lender any amounts paid by lender for taxes; (b) to keep the Collateral fully insured against loss Qf damage, Owner promises 10 make this Insurance policy payable to lender In an amount equal to \he value of the CoUateral Of \he unpaid balance 01 Borrower's loan, whichever Is less. Owner agrees to deliver proof of insurance to Lender, if requested. Owner agrees to obtain insurance from a company acceptable to lender. If Owner does not keep the Collateral Insured, Lender has \he option of purchasing insurance, On demand, Owner promises promptly to repay to Lender the cost of Insurance purchased by Lender; In addition, at lender's option, lender may require Borrower to repay the cost of insurance purchased by lender either on demand or by increasing the amount of the InstaUment payments which are due on the Note secured by this Security Agreement. (c) Owner gives lender the right to sign Owner's name on any check or draft from an insurance company and to apply the money to any debt secured by this Security Agreement. This is limited to checks and drafts in payment of a claim under an insurance policy tor loss or damage to the Collateral or for returned or rebated premiums on policies Insuring the Collateral. DEFAULT: If Owner is in defauil Ullder this Agreement, Lender May enforce Its security Interest in the Collateral as provided by law and In this Agreement. This may be done without giving any advance notice or making any demand, unless provided by applicable law, Owner will be in defauil if: (a) Borrower breaks any promise made in its Note to Lender; (b) Owner breaks any promise made in this Security Agreement; (c) Borrower Of Owner breaks any other promise made to Lender in connection with any debt which Is secured by this Security Agreement; (d) Owner or Borrower is in defaull under any other Note, Mortgage, or Agreement with Lender; (e) the COllateral is lost, destroyed beyond repair, or stolen (and nO! recovered within a reasonable time); (I) Owner dies; (g) any other creditor tries to take the CoUateral by legal process; (h) the Owner files bankruptcy or if anyone flies an involunlaty bankruptcy against in the Owner; (il any tax lien or levy Is filed or made against the Owner or the Collateral; Q) Owner has made any false statement in this Agreement; (k) the Collateral is seized by federal, state, or local government which alleges that the Collateral was used for unlawful purposes. ENFORCING THE SECURITY INTEREST: If the Owner Is In defautt, Lender may, without notice or demand, unless required by law, enlorce its security interest In the CoUateral as follows: (a) Lender may take possession of the Collateral. This may be done wtthout any advance notice to Owner, unless required by law, Lender may enter any property or building where the Collateral Is located, If this is done peaceably, Lender Is not responsible for any property not covered by this Agreement that Is left inside the Collateral or attached to it; (b) Owner agrees to deliver the Collateral to Lender at a time and place chosen by lender; (c) Lender may enforce Its security interest by any and all remeOl6S permitted and/or authoriZed by law. DELAY IN ENFORCEMENT: lender can delay enforcing any rights under this Security Agreement without losing them. lender's lailure to enforce any rights under this Security Agreement shall not act as a waiver 01 those rights or preclude the exercise 01 those rights in the event of a future occurrence of the same event CHANGE OF TERMS: If the terms of any Note or debt secured by the Collateral are changed, the security interest given by this Agreement will continue to protect Lender. RELEASE OF SOME OWNERS OR SOME SECURITY: If there is more than one Owner, each agrees to be bound by this Security Agreement, allhough Lender may release any other Owner or release or substitute any Collaleral. tf any extension is allowed Borrower by lender, tt shall not alfect any provisions of this Security Agreement, whether or not Owner is given notice of the extension, ANANC1NG STATEMENTS AND SECURITY AGREEMENTS: Owner agrees to sign such financing statements, security agreements or other documents as lender believes necessaty to permit Lender to get and keep a perfected security interest in the CoUateral. Owner gives 10 Lender lhe power to sign Owner's name on financing statements, A copy or reproduction of a financing statement or this Security Agreement may be filed as a financing statement. lithe Collateral is now or will be permanently attached 10 real estate, the filing will be in the real estate records. lithe Collateral includes a motor vehicle or mobile home, Owner promises to deliver to lender the certificate 01 lttle for the Collateral within 30 days from the date of this Agreement. The security interest In favor of Lender in the amount of Borrower's loan secured will be noted on the certificate of title when it is delivered. ORIGINAL SCRTYS _~~~~~'I'liII.!.'''lii~~~~~~~~~~~_~!!~~C ( r<i; ." OEPARTMIiNT OF TRAINSf:.ORTATtOW . ~ER;tUf.ICZ:ATE OF TITLEF,qR ~~Ettll~,kE ."61' ." .....,> .,/;~" ". ',' ..... ----~-------------,; ". ../\ _:..2 -.- _ ;.-.r.::',:' .:.:f;"" .:0"':: ::::,-:{_' '{:"', i ':::':'_i:...?}',. .,}_ - . ,-,::, , '~o.!Jea OJ\l{]~Il~- 00], .. ",t;I.:/::Y1tPE;t~&~;l ----','- -..... '-:-:' "-"-" - -..... . 'W?91A~~~m' ;;;'PAlf.PA;lilEO ... OATEOFISSUE--~ '" y~:!.-ylj~~-t;m~~i::;~~~~~~:!~tnF .~.~~,~l~~i~~ STc.-T~'t ;;~~~l~r:~~~~~E~ ~f~ "~=~~T:TU~ :j:" UNLADEN WEIGHT ...j....---- . .,. .......f. -. . - -... _._~-_.._~-_. -.- . ---- ---. -- .. .-.-. ----.-.-.. -.-.- '.----- -.- :7.: ~"~'.~=~~::::=~:;~:'=;;;~~_=::~::;:=:i GCWFl ' GVWJ1 TITLE BRANDS ~,}] ~,"~ \ ,*,11J!'4'" . ~ Sf' """''''''-'''_. . ..g .mfiqtETER DISCLOSURE EXEHPT8Y A~!STli!~D OWNER(S) . c' ,..tONY L & CATHY L ]'CfltfHOl.IOAY AVE HEC~AHICS8URG PA 17055 F'EOEfUt LAW / ::;:-.;. SECOND LlENFAVOR DE CORP " \ DATE ~ ,/ ft~h~:~n~~:~,:'~ ~j:S\~e ugmthesa~~~~~nOfO~~r f~~~s wllh appropriate form and fee. ...--- .\ SECOND LIEI'! RELEASED AllTHORlZEO REPJ1ESENTATlVE BY AuTHORIZED REFRESENTATIVE 068001 TAHMAC CORP 275 MUNDY ST WILKES BARRE\PA 18702 \ I c~~.:-:i~<\lf the - d'Bt.9:"9i__:$.sue', the official records of the, Pennsylvania Department of Transportation reflect that the person{s) or c6mpany named herein is the lawful owner of the said vehicle, BRAOU:Y L I1Al.LORY / ~ ~ i ~ EXHIBIT l~/I -;f , I., (~o".> 1 ~ .e.... ~.J-~ 10- dO- 1841>- 02.3 " . /I. THIS DEED hl~de ttJ.is ItZ::. day of November, 2004 between MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking corporation, a successor by merger to Dauphin Deposit Trust Company, having offices at One M&T Plaza, 10th Floor, Buffalo, New York 14203 (hereinafter caned the "Grantor") and RB MECHANICSBURG ASSOCIATES LP, a Pennsylvania limited liability company, having offices at c/o RD Management Corp., 810 Seventh Avenue, 28111 Floor, New York, New York 10019 (hereinafter called the "Grantee"). W!TNE~~ETH ~ .:> c::::> -c:: .. _._ Z .j;':'; 7) = .. .0 That the said Grantor for and in consideration of the sum of One Hundred c::: ':C; 9 ~ Thousand and 00/100 Dollars ($100,000.00) lawful money of the United States of Americ~~ ~.; ~ it well and truly paid by the said Grantee at or before the sealing and delivery hereof, the receipb ~ ;0 whereof is hereby acknowledged, has granted, bargained and sold, released and confinn~d "~ ~ :::.! by these presents does grant, bargain and sell, release and confirm unto the said Grantee, ~ t:;> ~ ,.-.,. ,r" successors and assigns, in fee; ~ '. ::: ; o ~'-. ...... . : -- See ExMbit A attached hereto and incorporated herein. BEING a portion of the same which Capitol Productions Corporation conveyed unto Dauphin Deposit Trust Company, a predecessor by merger to Manufacturers and Traders Trust Company, in fee by deed dated October 28, 1965 and recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Deed Book U, No.2 I, Page 138. TOGETHER with all and singular the buildings, improvements, ways, streets, alleys, driveways, passages, waters, water-courses, rights, liberties, privileges, hereditaments and appurtenances, whatsoever unto the hereby granted premises belonging, or in any wise appertaining, and the reversions and remainders, rents, issues, and profits thereof; and all the estate, right, title, interest, property, claim and demand whatsoever of the said Grantor, as well at law as in equity, of, in, and to the same, TO HAVE AND TO HOLD the said lot(s) or piece(s) of ground above described with the buildings and improvements thereon erected, hereditaments and premises hereby granted, or mentioned, and intended so to be, with the appurtenances, unto the said Grantee, its successors and assigns, to and for the only proper use and behoof ofthe said Grantee, its successors and assigns, forever, as partnership property. AND the said Grantor will warrant specially the property hereby conveyed. [THE REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK] BOOK 266 PAcr2023 BRMFS1 530698v5 ~ ~ ! EXHIBIT tlc." "I IN WITNESS WHEREOF, the said Grantor has caused these presents to be duly executed dated the day and year first above written, ATTEST: MANUFACTURERS AND TRADERS TRUST COMPANY BY:~~ Name: Natalie Fi atrick Title: Vice President STATE OF NEW YORK ) )S8.: COUNTY OF Etf'.J'~ ) On this the 16""'day of November, 2004, before me, a notary public the Wldersigned officer, personally appeared Natalie Fitzpatrick who acknowledged herselfto be the Vice President of Manufacturers and Traders Trust Company and that she as such Vice President being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by herself as Vice President. IN WITNESS WHEREOF, I hereWlto set my hand and official seal. ~/t9 7fJ,~' NOTARY PUBLIC CYNTHIA M. ORSI No.010R<007718 Nobry Public, Slate of N~I Yorl< Qua"r.ed In Nla'3r& Cour~ My Commission ex,:w. June", 20" -2- BOOK 266 PAGE2024 FlRMFSJ 5J0698v5 EXHIBIT A Le2&l Description ALL that tract of real estate lying and being situate in the township of Hampden. County of Cumberland, Commonwealth of Pennsylvania. designated as Additional Lands, 16,273.66 S.F., 0.37 acres, as shown on RB Mechanicsburg Associates, LP, PreliminarylFinal Subdivision Plan dated June 17.2004, revised July 23, 2004. by J. Michael Brill & Associates, Inc., Page 2 of 13. duly (~rVed for su~vjsion purposes, and recorded in Cumberland County Plan Book Page 1.-36'; more fully bounded and described as follows: BEGINNING at a point in the southerly right of way line of Carlisle Pike (SR (011), said point being located a distance of 27.45 feet west of the northwestern most comer of lands now or formerly of Twigg Family Trost; TIIENCE along said right of way. South 64 degrees 58 minutes to seconds East. a distance of 27.45 feet to a steel re-bar pin; THENCE along lands now or fonnerly of Twigg Family Trust, South 00 degrees 53 minutes 17 seconds East, a distance of 242.61 feet to a steel rebar pin; THENCE along lands now or formerly of Cumberland Partners, K-Mart, North 64 degrees 56 minutes17 seconds West, a distance of 198.84 feet to point; THENCE along lands now or formerly of Dauphin Deposit Trust Company, the following six (6) courses and distances; (1) North 25 degrees 03 minutes 43 seconds East, a distance of 8.00 feet to a point; (2) South 73 degrees 56 minutes 24 seconds East, a distance of 27,93 feet to a point; (3) by a curve to the left, having a radius of 65.00 feet, an arc length of 92.95 feet, the chord bearing of said curve being North 65 degrees 24 minutes 11 seconds East, a chord distance of 85.23 feet to a point; (4) North 24 degrees 26 minutes to seconds East, a distance of 85.00 feet to a point; (5) by a curve to the left, having a radius of 30.00 feel, an arc length of 32.89 feet, the chord bearing of said curve being North 06 degrees 58 minutes 05 seconds West, a chord distance of 31.26 feet to a point; (6) North 25 degrees 01 minutes 50 seconds East. a distance of 29.30 feet to a point, said point being the POINT OF BEGINNING. 800K 266 PAGf2025 -3- BRMFS I S30698vS DEED MANUFACTURERS AND TRADERS TRUST COMPANY, GRANTOR TO RB MECHANICSBURG ASSOCIATES LP, GRANTEE PREMISES: Certified By: c;~19 9 ~ ~~ ~ ~~~; e f;i p:,1 ~ ,...,.10 r'D t'O n r.-Jr'l::IJ:3:rnmf'T'l OJ n n r, '" ..-.... O_='COC;:Jr.::;Jt:."J. ..- ~ r :x::- :x I:.rJ fO rTl ="'-*'~-';g" I ~f'! I , (o.......t-'-.......~C.:l........:P- :1>~-r-:: :ti C; ~ 'Z ~ ttI :.0- ;-:: d 6 =: ~ ~. t....) "'..l '.0 :x ~ .. g:: ---I ~... P (..l.l --I (~ --t ;7.: <..: r.f) ~ .'1 ~ <..... ~ it>.: ~ . ~""",,_'-_i . 2"" -';tr:'Jm II t:::i x -.. . c::> --- !;..) !;;.. t:- ..-_ t;i ~ ..,... \:...'1 01 <=" BRMFa3 ~~(..&.& t..,;, 5 :::: g 8 g ::;: ................. g g g ~ g g 8 2~ g :5 g ~~ ~~~ The address of the above named Grantee is: c/o RD Management Corp. 810 Seventh A venue 28th Floor New York, New York 10019 t;wahWl/tl , () (J I C~~rti fy this to be recorded !n Cumberland County PA ~~r' :;:./'- ~,. . Recorder of Deeds :;.::> ..... ", =' C") . '" c UJ ....... ;;< ..... .... r.:r ''''" ,..., fD u' ..... ,. t...;! t-' <:::> '" ~~ :.J ~. -0 .&>. (:L, Cl~ , .c~ -.. c., ~-< .1'" ;:>'.} 3 0 ......= -:z "" ~t-~ ...,= ~ ,-. ::c '.- ,1'J ..... rt' 0:0"- ...... ..... 5 '< ~~ -co rt- <v ::>:' eo - => ... .-. .-1'- ,..... .- r:> -.. r_" ..., .... r_' ~ ~. 0.. ..po __ rn '- o.C> ~'.... BOOK rv r.....l :s 266 P^cf2026 ..;. r,:o .", <.::J ~ ..., <::.' -4- 'v - 'v c... C> '" 0 "'" <::. a- .-.\ .. YV\~ ~'. v:h......, , P A - ;;{ - ;> 00 ~ " K..'t-' ~ ""(J (;r\..-- .. " Mecnanicsburg, PA Memorandum of Ground Lease MEMORANDUM OF GROUND LEASE THIS MEMORANDUM OF GROUND LEASE ("Memorandum") is made and entered into as of the date of the last execution, which date is the _ day of November, 2004, by and between RB MECHANICSBURG ASSOCIATES LP, a Pennsylvania limited partnership having an office c/o RD Management Corp., 810 Seventh Avenue, New York, New York 10019 ("Landlord"), and LOWE'S HOME CENTERS, INC" a North Carolina corporation with its principal office at Highway 286 East, North Wilkesboro, North Carolina 28659 ("Tenant"). W!TNE~~ETH: WHEREAS, Landlord and Tenant entered into that certain Ground Lease dated as of an even date with this Memorandum ("Lease");and WHEREAS, the Lease pertained to certain premises located in Hampden Township, Cumberland County, Pennsylvania which are more particularly described on Exhibit A attached hereto ("Premises"); and WHEREAS, Landlord and Tenant desire to evidence the Lease of record. NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord does hereby demise, lease and let unto Tenant the Premises, as follows: 1, The Original Term of the Lease shall be for an approximate twenty-five (25) year period, subject to six (6) additional Extension Terms of five (5) years each, exercisable at Tenant's option. The Original Term wiII commence on the date of the Lease and will expire on 11 :59 p,m. of the day prior to the twenty-fifth (25th) anniversary of the Rent Commencement Date. A memorandum setting forth the actual Rent Commencement Date will be recorded at a later date. 2, The Lease contains a right of fItst offer in favor of Tenant should Landlord desire to Transfer the Premises or assign its rights in the Lease. 3. This Memorandum is subject to all conditions, terms and provisions of the Lease, which agreement is hereby adopted and made a part hereof by reference to the same in the same manner as if all the provisions thereof were copied herein in full, 4. This Memorandum is entered into by the Parties, and is to be recorded only to set forth the Lease as a matter of record. Nothing contained in this Memorandum shall be deemed to modify, amend, alter, limit or otherwise change any of the provisions of the Lease or the rights and obligations of the Parties thereto as provided therein. In the event of a conflict between the terms of the Lease and this Memorandum, the Lease shall prevail. Reference should be made to the Lease for a more detailed description of all matters contained in this Memorandum. 5. Capitalized terms not defined herein shall have the meaning as set forth in the Lease, r~ EXHIBIT ~ ~ \\ 0 If ~ - \\ny-srvO\\\ 00271l vO\\45\90,02\1 00 Mechanicsburg, PA Memorandum of Ground Lease IN WITNESS WHEREOF, Landlord and Tenant have executed this Memorandum effective as of the date first written above. \\ny-srvOI\I00271 IvOI\45 190,021 100 RB MECHANICSBURG ASSOCIATES LP By: RJB-MECHANICSBURG LLC its General Partner BY:~-~'~ ~~ Name: Ric-\>"...c:! 'Piy.Jeo1+ Title: ~bex- LOWE'S HOME CENTERS, INC., ~ David E. Shelton Senior Vice President -/ ~ Mechanicsburg, PA Memorandum of Ground Lease STATE OF NEW YORK ) ) 55 COUNTY OF ~ ~11 ) Before me, a Notary Public in and the said State and County, duly commissioned and qualified, personally appeared ~ ~ ' as 0rtD_~ 1~ , of RJB MECHANICS BURG LLC, the general partner of RB MECHANICSBVRG ASSOCIATES LP, to me known to be the person described in and who executed the foregoing instrument and acknowledged that he executed the same as his free act and deed. Sworn to and subscribed before me this ~ n<-cl day of ~.bL, J, 2004. ~~ Notary Public JOAN MERCANTE Notary PubJic, Sta.te of New York No. 01 ME5012l29 Qualified In Queens County Certificate Flied In New York County CommIssion Expires January 27, ~ 0 en STATE OF NORTH CAROLINA ) ) ss ) COUNTY OF WILKES Before me, a Notary Public in and the said State and County, duly commissioned and qualified, personally appeared I:o..~-\c\ Cf:. ~~L, ~-t-u~ duly authorized representative of LOWE'S HOME CENTERS, INC., to me known to be the person described in and who executed the foregoing instrument and acknowledged that he/she executed the same as hislher free act and deed. Sworn to and subscribed before me this ~ay of J\~b4 ,2004. OfFICIAl. SEAL AWSON W. W1KE NOTARY PUBUC-NOATH CAAOUNA coum'( OF CALOYif:l\. My ~ uplresJ/~. Cf '....:.:.~::o:: ~ tU. uJc4 Notary Public \\ny-srvOI \1002711 vOI\45190.0211 00 . , Mechanicsburg. PA Memorandum of Gr';lUnd Lease EXHIBIT A . Legal Description Beginning at a reference point. said point being located on the southern right-of-way line of Carlisle Pike (S.R. 0011) and the western right-of-way line of Van Patten Drive (also lands now or formerly of the United States of America); thence along the western right-of-way line of Van Patten Drive South 02 degrees 27 minutes 34 seconds East a distance of 307.02 feet to a point, said being the POINT OF BEGINNING; Thence from said point of beginning along the western right-of-way line of Van Patten Drive South 02 degrees 27 minutes 34 seconds East a distance of 580.21 feet to a point, said point being the northeastern property corner of lands to be conveyed to Hampden Township; thence along said lands to be conveyed to Hampden Township the following three (3) courses and distances: 1, South 87 degrees 32 minutes 26 seconds West a distance of 15.00 feet to a point; 2. South 02 degrees 27 minutes 34 seconds East a distance of 190.00 feet to a point; 3, North 76 degrees 08 minutes 58 seconds West a distance of 714.24 feet to a point; Said point being the southeastern property corner of lands now or formerly of Cumberland Partners Lot 3; thence along the western property line of said lands of Cumberland Partners (Lot 3) and other lands now or formerly of Cumberland Partners North 00 degrees 53 minutes 17 seconds West a distance of 746.94 feet to a point; said point being the southwestern boundary corner of Common Elements of RB Mechanicsburg Associates, LP; thence along the southern boundary line of said Common Elements the following five (5) courses and distances: 1. North 87 degrees 32 minutes 26 seconds East a distance of 274.59 feet to a point; 2. Along a curve to the right having a radius of 100,00 feet and an arc length of 47.94 feet, said curve having a chord bearing of South 78 degrees 43 minutes 29 seconds East and a chord length of 47.49 feet to a point; 3. South 64 degrees 59 minutes 24 seconds East a distance of 339.72 feet to a point; 4. Along a curve to the left having a radius of 80,00 feet and an arc length of 38,25 feet, said curve having a chord bearing of South 78 degrees 41 minutes 14 seconds East and a chord length of 37.89 feet to a point; 5. North 87 degrees 36 minutes 57 seconds East a distance of21.08 feet to a point; said point being the POINT OF BEGINNING. The above described tract contains 546,972,20 square feet or 12.56 acres as depicted on the Site Plan \\ny.srvO III 00271 IvOIl45 I 9D.02 1 1 00 Mechanicsburg, PA Site Development Agreement SITE DEVELOPMENT AGREEMENT Between LOWE'S HOME CENTERS, INC. and RB MECHANICSBURG ASSOCIATES LP Dated: November.--J 2004 Carlisle Pike (PASt. Highway 11) and Van Patten Drive Tax Parcel Number 10-20-1842-082 and a portion of Tax Parcel Number 10-20-1840-023 Mechanicsburg, Pennsylvania \~y-srvOl \990504v09\11l3/04\4S190,021 100 , ~ !!1 ~ ~ EXHIBIT t( 1::. II Mechanicsburg, PA Site Development Agreement TABLE OF CONTENTS SECTION PAGE SECTION 1 SITE IMPROVEMENT PLANS....... ..... ............................ .........,....... ...,.... ,........ ....1 SECTION 2 ON-SITE AND OFF-SITE IMPROVEMENT WORK.......,......,...................,..,.....3 SECTION 3 SCHEDULE FOR SITE IMPROVEMENT WORK ...........................,...................3 SECTION 4 CONSTRUCTION/INSTALLATION OF SITE IM:PROVEMENT WORK..........7 SECTION 5 PAYMENT OF PROJECT COSTS ,........................................................................9 SECTION 6 TAKE-OVER BY LOWE'S ...................,.................." ......,.... .............................. .12 SECTION 7 PREPARATION OF LOWE'S BUILDING PAD AREA .....................................13 SECTION 8 DEVELOPER'S FINANCIAL GUARANTY ...............................................,.......14 SECTION 9 DEVELOPER'S WARRANTy...,................... ............. '......., ................................17 SECTION 10 lNDEMNITY AND INSURANCE......................................................................18 SECTION 11 BANKRUPTCy.....,., ............,. ..,..... ...............,. ........,...,.......,. .........., ......,....... ..... 20 SECTION 12 PERMITTED DELAYS... ,', ,...... ..,...........................,....... .... ..........".......,............20 SECTION 13Error! Bookmark not defined. NOTICE............,.........,......................................... 20 SECTION 14 TIME OF THE ESSENCE ........... ................................................. ....................... 21 SECTION 15 RELATIONSHIP OF PARTIES ............................................ ..............................21 SECTION 16 COSTS AND ATTORNEYS' FEES ...................................................................22 SECTION 17 MISCELLANEOUS ..... ....... ,.......'..... ,... ........................... ............... .....................22 EXHIBIT A Site Plan....................................... .............. ........................"........,."...... .............. 25 EXHIBIT B List of Site Improvement Plans & Specifications.............................................26 EXHIBIT C Pad Certification Form....., ........, ...........' ........... .........,......... .......... ......., ............28 EXHmIT D Required Language in Letter of Credit ,....................................... ....................30 EXHIBIT E Form of Draw Affidavit.. ............., '.... '...." ............ ....., .......... .................,.., ..... ....31 EXHIBIT H Agreement with Hampden Township ...............................................................42 \\ny-srvOl\990504v09\1 1/3/04\45190.021 100 Mechanicsburg, PA Site Development Agreement SITE DEVELOPMENT AGREEMENT THIS SITE DEVELOPMENT AGREEMENT (this "Agreement"), is' made and entered into as of the _ day of November, 2004, by and between LOWE'S HOME CENTERS, INC. ("Lowe's"), a North Carolina corporation with an office at Highway 286 East, North Wilkesboro, North Carolina 28659, and RB MECHANICSBURG ASSOCIATES LP ("Developer"), a Pennsylvania limited partnership having an office c/o RD Management Corp" 810 Seventh Avenue, New York, New York 10019. REC!T AL~: A. Developer is the owner and developer of a shopping center located at the intersection of Carlisle Pike (Pennsylvania State Highway 11) and Van Patten Drive, in Hampden Township, Cumberland County, Pennsylvania, known as Tax Parcel Number 10-20-1842-082 and a portion of Tax Parcel Number 10-20-1840-023 on the tax map of CUIl\berland County, Pennsylvania (the "Shopping Center"), which shopping center shall be constructed substantially as shown on the site plan attached hereto as Exhibit A (the "Site Plan"). B. Developer and Lowe's entered into a Ground Lease, dated as of even date herewith (the "Lease"), pursuant to which Developer leases to Lowe's an approximate fifteen (15) acre parcel ofland within the Shopping Center (the "Lowe's Tract"). In addition, the parties will also enter into a declaration of Easements, Covenants, Conditions and Restrictions (the "BCCR"), or else Developer will record a declaration of condominium (the "DOC"), which will provide, among other things, for the use and operation of the Lowe's Tract and certain other tracts of land as identified therein. References to the "Outparcel Unit" or "Outparcel", and the "Common Elements" or "Common Areas" shall have the same meaning as defined in the DOC or BCeR, as the case may be. Terms which are not otherwise defined herein shall have the meaning as defined in the Lease. C. In connection with Lowe's lease of the Lowe's Tract, Developer has agreed to perform certain work on the Lowe's Tract and within the Shopping Center for the benefit of the Lowe's Tract. D. The parties desire to enter into this Agreement to set forth their understandings and agreement regarding the performance of such work. NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: SECTION 1 SITE IMPROVEMENT PLANS 1,1 Set forth in Section 2 hereof is a general description of the work to be performed by Developer for the benefit of Lowe's on the Lowe's Tract and within and outside the Shopping \'-J1y-srvOl\990504v09\11!3/04145190,021100 Mechanicsburg, PA Site Development Agreement Center in connection with the construction on the Lowe's Tract of a Lowe's Horne Improvement Center (a "Lowe's Building"), with parking and all typical ancillary and related uses (the "Site Improvement Work"). Portions of the Site hnprovement Work relating to the Off-Site Improvements, as defined in Section 2.2, are referred to herein as the "Off-Site Improvement Work", Those portions of the Site Improvement Work relating to the On-Site Improvements, as defined in Section 2.1, are referred to herein as the "On-Site Improvement Work". J. Michael Brill & Associates, having an address at 5053 Ritter Road, Suite 200, Mechanicsburg, Pennsylvania 17055 (the "Proiect Engineer") has prepared plans and specifications (the "Site Improvement Plans") for the Site Improvement Work, copies of which have been furnished to Lowe's and a list of which is annexed hereto as Exhibit B. The Site Improvement Plans are incorporated herein by this reference; provided, however, that in the event of any conflict between the provisions of this Agreement and provisions of. the Site Improvement Plans, the provisions of this Agreement shall govern. 1.2 As used herein, "Legal Requirements" shall mean all federal, state, county, municipal, and other governmental statutes, ordinances, laws, rules, regulations and requirements, including all health and safety laws, environrnentallaws, statewide fire underwriter standards and all laws relating to architectural barriers affecting the disabled, including all rules, regulations, ordinances, statutes and guidelines promulgated by any applicable governmental or quasi-governmental authorities, agencies, organizations, municipal departments, conunissions, boards or offices having jurisdiction (individually a "Governmental Authority", and collectively the "Governmental Authorities"). 1.3 Developer has obtained, pursuant to the provisions of the Lease. all necessary Approvals (as defined in the Lease) required for performing the Site Improvement Work and has paid, or will pay, any and all fees associated with the Site Improvement Work, including, without limitation, any special assessments, but excluding any utility connection or tap fees and any other costs and expenses directly related to the improvements which may be constructed by Lowe's. J Developer's responsibility sha11 expressly include the obtaining of all permits, filing of all notices, conducting periodic site inspections, timely preparing and maintaining comprehensive written inspection reports and logs and supplying and posting at the job site, or as othelWise required, all plans and other documentation in strict adherence to all requirements of all Governmental Authorities (hereinafter defined) pertaining to storm water discharges or potential pollution associated with construction activities and in strict accordance with Section 800 of Lowe's Site Development Criteria which identifies Lowe's National Storm Water Pollution Prevention Program (the "SWPPP Requirements''). If not already obtained pursuant to the provisions of the Lease, immediately upon the issuance of any Approvals or upon Developer's preparation, submission or of any documentation concerning the Approvals, Developer shall deliver a copy of all such Approvals and documents to Lowe's. 1.4 Developer and Lowe's have reviewed and approved the Site Improvement Plans. No changes shall be made to the Site Improvement Plans without the prior written approval of the parties, except as may be necessary to satisfy any greater requirements of any Governmental Authority having jurisdiction. \\ny-srvO\\990504v09\\ 1/3/04\45190,021100 2 Mechanicsburg, PA Site Development Agreement SECTION 2 ON-SITE AND OFF-SITE IMPROVEMENT WORK 2.1 The Developer shall cause all of the elements of the Site Improvement Work as set forth the Site Improvement Plans, including construction of any pylon signs shown on the Site Plan, to be completed on the Lowe's Tract and in the Shopping Center (collectively, the "On-Site Improvements") in strict accordance with the Site Improvement Plans, Legal Requirements, the SWPPP Requirements and the provisions of this Agreement. 2,2 The Developer shall cause all improvements outside of the Shopping Center which are necessary or which may be required by any Governmental Authorities for development of the Shopping Center, including, roads, traffic signals, median cuts, deceleration lanes, utility service for water, sewer, electric, telephone, gas and other necessary utilities, all as shown on the Site Improvement Plans (collectively, the "Off-Site Improvements"), to be completed in strict accordance with the Site Improvement Plans, Legal Requirements and the provisions of this Agreement. Collectively, the On-Site Improvements and the Off-Site Improvements are hereinafter referred to as the "Site Work Improvements". 2.3 Developer shall be responsible for obtaining all inspections (other than inspections by Lowe's), approvals, and pennits for all aspects of the Site Improvement Work and for complying with all Legal Requirements and the SWPPP Requirements, which are required for Lowe's to obtain a building pennit for the Lowe's Building and other improvements to be made on the Lowe's Tract, to install fixtures in and merchandise its store, to open its store to the public, and to obtain a permanent, unconditional certificate of occupancy. SECTION 3 SCHEDULE FOR SITE IMPROVEMENT WORK 3.1 The Developer, at Developer's sole cost and expense, shall cause the following elements of the On..Site Improvement Work (the "Pad Delivery Work'') to be completed in strict accordance with the Site hnprovement Plans, Legal Requirements, the SWPPP Requirements and this Agreement, including the requirements set forth in Section 7 hereof, and with strict adherence to the following dates (subject to (i) Pennitted Delays as defined in Section 12, (ii) delays caused by Lowe's or parties other than Developer acting on Lowe's behalf, and (iii) delays caused by changes to the Pad Delivery Work requested by Lowe's or any Governmental Authority), If Lowe's requests any changes in the scope ofthe Pad Delivery Work (a "Change") which, in the good faith opinion of Developer, the Project Engineer and the Contractor (hereinafter defined), as certified by them in writing, will delay delivery completion of the Pad Delivery Work beyond the dates set forth below (a "Delay") (by way of example, due to a material change in the Site Improvement Plans, the need for a "long lead item", changes to already completed portions of the Pad Delivery Work requiring a subcontract.or no longer present on the job site), Developer shall, within two (2) days after Lowe's request for such Change, give Lowe's written notice specifying in reasonable detail the reasons for the anticipated Delay and \\ny-srvOl\990S04v09\11/3/04\45190,021 100 3 Mechanicsburg. PA Site Development Agreement the estimated length of time of such anticipated Delay. Within two (2) business days after receipt of Developer's notice, Lowe's shall give Developer notice as to whether Lowe's nonetheless requires the requested Change which is the cause of the anticipated Delay or, in the alternative, Lowe's desires to withdraw the requested Change. If Lowe's does not elect to withdraw the Change which Developer has indicated would cause the Delay, and such Change actually is the cause of a Delay, then the completion date for each element of the Pad Delivery Work shall be extended one day for each day of the actual Delay, 3.1.1 Developer shall (i) complete clearing and grading relating to the building pad area labeled on the Site Improvement Plans as the "Building Pad Area", (ii) provide a 30,000 square foot area for staging construction activities, which area is labeled on the Site Improvement Plans as the "Staging Area", and (iii) provide an all-weather twenty-four foot (24') wide stoned access road comprised of at least six inches (6") of compacted stone from the construction entrance to the Staging Area, and from the Staging Area to and around the Building Pad Area, on or before December 1, 2004. Developer shall maintain the all weather access road until the Pad Delivery Date. 3.1.2 Developer shall institute all necessary erosion and sediment control measures with respect to the Lowe's Tract, as required by Governmental Authorities, Legal Requirements, SWPPP Requirements and otherwise sufficient to prevent erosion or sedimentary run-off, on or before December 1, 2004. 3.1.3 Developer shall provide a temporary chlorinated and pressure tested water source (using I W' diameter lines), and a fIre water source (in accordance with all Legal Requirements, including if necessary, a fire. hydrant) available for Lowe's use at the location shown on the Site Improvement Plans, on or before December 1, 2004. 3.1.4 Developer shall provide to the Staging Area, telephone service and electricity at 100 amp 30, available for Lowe's use at the location shown on the Site Improvement Plans, on or before December 1, 2004. The date upon which the Pad Delivery Work shall have been completed by Developer, and inspected by and accepted by Lowe's is referred to in this Agreement as the "Pad Delivery qate", provided, however, that if the Pad Delivery Work is not completed by December 2,2004, then for all purposes under this Agreement, the "Pad Delivery Date" shall be March 1,2005. 3.2 Developer, at Developer's sole cost and expense, shall cause the following elements of the Site Improvement Work (the "Post-Pad Delivery Work") to be completed in strict accordance with the Site Improvement Plans, Legal Requirements, the SWPPP Requirements and this Agreement with strict adherence to the following dates: 3.2.1 Develop_er shall complete any required clearing and grading of the balance of the Lowe's Tract and the Shopping Center, on or before ninety (90) days following the Pad Delivery Date. \\ny-srvOl\990504v09\1113/04\45190,021 100 4 MOechanicsburg, PA Site Development Agreement 3.2.2 Developer shall provide permanent water lines and appurtenances (domestic and fire) and all lateral lines extending therefrom, which lines shall be chlorinated and pressure tested, to the points on the Lowe's Tract selected by Lowe's, which shall be within five feet (5') of the Building Pad Area, except with respect to the fire water line which shall be to a point one foot (I') above finished floor level in the location of the sprinkler room of the Lowe's Building, all of which points are shown on the Site Improvement Plans, with the location of mains in compliance with applicable Legal Requirements and those of the water company and fire department, all on or before ninety (90) days following the Pad Delivery Date. 3.2.3 Developer shall provide the main trunk sanitary sewer line, including appurtenances thereto, and all lateral lines extending therefrom to the points on the Lowe's Tract shown on the Site Improvement Plans, on or before ninety (90) days following the Pad Delivery Date. 3.2.4 Developer shall coordinate with the utility companies for the provision of permanent electric, gas and telephone service utility lines at capacities set forth in the Site Improvement Plans to the points on the Lowe's Tract selected by Lowe's, which shall be within five feet (5') of the Building Pad Area (except that the primary electric line shall be brought to the transformer), and which locations are shown on the Site hnprovement Plans, including the installation of main feeder lines, conduits, piping, wiring, valves, manholes and other appurtenant devices, on or before ninety (90) days following the Pad Delivery Date. Lowe's shall be responsible for the installation, and the costs thereof, of the transformer. The foregoing notwithstanding, Developer shall be deemed to have satisfied this obligation if, in lieu of providing the utilities specified in this Section 3.2.4 on or before ninety (90) days following the Pad Delivery Date, Developer provides temporary heat to Lowe's by such date; provided, further, that the utilities specified in this Section 3.2.4 are provided as herein above set forth no later than one hundred twenty (120) days following the Pad Delivery Date. 3.2.5 Developer shall provide a complete storm sewer system, on-site and/or off-site (excluding elements to be constructed by Lowe's or as part of its building work and which are not set forth on the Site Improvement Plans), for drainage of the parking lot and the roofs of all buildings in the Lowe's Tract or in the Common Elements, including all underground pipes, and catch basins, as well as detention or retention pond; if required, and in confonnity to the SWPPP Requirements, and shall extend such system to the points on the Lowe's Tract selected by Lowe's, which shall be within five feet (5') of the Building Pad Area, and which locations are shown on the Site Improvement Plans, on or before one hundred thirty-five (135) days following the Pad Delivery Date; provided, however, that Developer shall provide the stonn sewer system located at the south end of the Shopping Center to enable Lowe's to connect its roof leaders to such system within seventy-five (75) days following the Pad Delivery Date. 3.2,6 Developer shall complete all Off-Site hnprovements, on or before one hundred eighty-eight (188) days following the Pad Delivery Date. Notwithstanding the foregoing, if the Off-Site Improvements are required to be completed to enable Lowe's to fixture \\ny-srvOl \990504v09\ll/3/04\45190.021100 5 Mechanicsburg, P A Site Development Agreement and merchandise its store, such work shall be completed on or before one hundred forty-nine (149) days following the Pad Delivery Date. 3.2.7 Developer shall provide all parking lot identification signs, traffic control signs and entrance and exit signs at the locations shown on the Site Improvement Plans, on or before one hundred eighty (180) days following the Pad Delivery Date. Notwithstanding the foregoing, if the parking lot identification signs, traffic control signs and entrance and exit signs are required to be completed to enable Lowe's to fixture and merchandise its store, such work shall be completed on or before one hundred forty-nine (149) days following the Pad Delivery Date, 3.2.8 Developer shall provide and pave the parking lot and interior roads (including entrance and exit driveways, curbs and gutters, underground wiring for parking lot lighting system/signs, piping for landscape irrigation, sidewalks, and striping) depicted on the Site Improvement Plans and including any sidewalks adjacent to any buildings at the Shopping Center, on or before one hundred eighty-eight (188) days following the Pad Delivery Date. Notwithstanding the foregoing, Developer shall provide paving sufficient for the parking of one hundred fifty (150) vehicles as well as all paving to allow for truck circulation around the Lowe's Building, as well as deliveries to Lowe's loading dock on or before one hundred forty nine (149) days following the Pad Delivery Date. 3.2.9 Developer shall install and bring functional all lighting standards and apparatus for illumination depicted on the Site Improvement Plans, including but not limited to concrete bases, light standards, conduits, fittings, fixtures, on or before one hundred fifty (150) days following the Pad Delivery Date, 3.2.10 Developer shall provide all landscaping and functional irrigation systems depicted on the Site Improvement Plans, on or before one hundred eighty (180) days following the Pad Delivery Date. 3.3 The Developer shall arrange and obtain the [mal inspections, approvals, and/or pennits, if any, and specifically excluding the building permits for any construction to be performed by Lowe~s, of any and all aspects of the Site Improvement Work described in this Section 3 from all appropriate Governmental Authorities required for Lowe's to obtain a permit for Lowe's to construct a Lowe's Building on the Lowe's Tract on or before the Pad Delivery Date. The Developer shall arrange and obtain the final inspections, approvals, and/or permits of any and all aspects of the Site Improvement Work described in this Section 3 from all appropriate Governmental Authorities required as a condition to Lowe's ability to install fixtures in and merchandise its store on or before one hundred fifty (150) days following the Pad Delivery Date. The Developer shall obtain the final inspections, approvals, and/or permits of any and all aspects of the Site Improvement Work described in this Section 3 from all appropriate Governmental Authorities required as a condition to Lowe's ability to open its store to the public on or before one hundred ninety (190) days following the Pad Delivery Date. If and to the extent any of the previously obtained approvals and/or pennits were temporary, arranging and obtaining the fmal inspections, approvals and/or permits of any and all aspects of the Site Improvement \\ny-srvO\\990S04v09\11/3/04\45190.021100 6 Mechanicsburg, PA Site Development Agreement Work described in this Section 3 from all appropriate Governmental Authorities necessary for Lowe's to obtain a permanent, unconditional certificate of occupancy on or before one hundred ninety (190) days following the Pad Delivery Date, 3.4 IN THE EVENT THE DEVELOPER FAILS TO COMPLETE ALL OF THE SITE WORK ll\1PROVEMENTS IDENTIFIED IN THIS SECTION 3 (OR HAS COMPLETED SUCH WORK, BUT THE WORK IS NOT APPROVED BY LOWE'S FOLLOWlNG INSPECTION), OR LOWE'S HAS NOT BEEN AFFORDED A REASONABLE OPPORTUNITY TO INSPECT AND APPROVE ALL SUCH SITE IMPROVEMENT WORK, OTHER THAN DUE TO PERMITTED DELAYS AND DELAYS CAUSED BY LOWE'S PRIOR TO THE DATES SET FORTH IN THIS SECTION 3, DEVELOPER SHALL BE SUBJECT TO LIQUIDATED DAMAGES IN THE AMOUNT OF FIVE THOUSAND DOLLARS ($5,000.00) PER DAY FOR EACH DAY THE DEVELOPER FAILS TO COMPLETE ANY OF THE IMPROVEMENTS IDENTIFIED THEREIN OR FAILS TO AFFORD LOWE'S A REASONABLE OPPORTUNITY TO lNSPECT, OR BOTH, WHICH SUMS ARE DUE AND PAYABLE WITHIN TEN (10) DAYS FOLLOWING DEMAND (THE "LIQUIDATED DAMAGES''). THE PARTIES HERETO ACKNOWLEDGE THE DIFFICULTY OF ASCERTAINING LOWE'S ACTUAL DELAY DAMAGES AND THEREFORE AGREE THAT THE ABOVE AMOUNTS ARE A GOOD FAITH ATTEMPT TO IDENTIFY AND QUANTIFY LOWE'S ACTUAL DAMAGES AND AS SUCH DO NOT CONSTITUTE A PENALTY AND THAT THE REMEDY SET FORTH HEREIN IS IN ADDITION TO ANY AND ALL OTHER REMEDIES AVAILABLE TO LOWE'S UNDER THIS AGREEMENT. IF NOT TIMELY PAID, LOWE'S SHALL HAVE THE RIGHT TO OFFSET SUCH LIQUIDATED DAMAGES AGAINST THE CONCRETE WORK CONTRlBUTION (HEREINAFTER DEFINED) WHICH MAY BECOME DUE TO DEVELOPER HEREUNDER OR DRAW SUCH FUNDS FROM THE SIDE ASIDE FUNDS ESTABLISHED UNDER SECTION 8, OR OFFSET SUCH AMOUNTS AGAINST THE FIXED RENT PAYABLE UNDER THE LEASE, SUBJECT, HOWEVER TO THE TWENTY FIVE PERCENT (25%) PER MONTH CAP SET FORTH IN THE LEASE. SECTION 4 CONSTRUCTION/INSTALLATION OF SITE IMPROVEMENT WORK 4.1 Developer has heretofore entered into a construction contract with one or more contractors (individually and collectively, the "Contractor") for the performance of the Site Improvement Work, which construction contract(s) provide, among other things, for the following: 4.1.2 completion of the Site Improvement Work in accordance with the time schedules set forth in Section 3 above; \\ny-srvOl\990504v09\11/3/04\45190,021100 7 Mechanicsburg, PA Site Development Agreement 4.1.3 retention of at least ten percent (10%) of each periodic payment until the work is accepted, until fifty percent (50%) of the Site Improvement Work is completed, following which the retention shall be five percent (5%); 4.1.4 maintenance of insurance with a company, and in the amounts and for coverage no less than that specified in Section 10.2; 4,1,5 recognition of Lowe's right to assume control of the Site Improvement Work in the place of Developer pursuant to the terms and conditions set forth herein and in the Lease; 4.1.6 use of lien waivers in the form attached hereto as Exhibit G (partial and full); and 4.2 Prior to the date hereof, Developer commenced the Site hnprovement Work. Prior to the execution and delivery of this Agreement, Developer shall submit to Lowe's a bar chart indicating the anticipated start and completion date of each phase of the Site Improvement Work (including the work already completed) complying with the provisions of this Agreement. 4.3 During the construction of the Site hnprovement Work, Lowe's shall have the right from time to time to inspect all aspects of the Site Improvement Work, and Developer agrees to promptly cause to be corrected any deficiencies in the work or materials, or any elements of the Site Improvement Work which do not comply with the requirements of the Site Improvement Plans, Legal requirements, the SWPPP Requirements or this Agreement which are brought to the Developer's attention. Upon reasonable prior request by Lowe's, Developer shall make its representatives and the Project Engineer available to Lowe's as may be necessary or desirable to enable Lowe's to monitor the construction or scheduling of the Site Improvement Work. 4.4 As soon as reasonably practicable after substantial completion of each element of the Site Improvement Work separately identified in Section 3, Developer shall give notice to the Project Engineer and Lowe's and the appropriate inspector or representative of any Goverrunental Authority whose approval is required for acceptance thereof, that such element of the Site hnprovement Work is ready for final inspection. Within fifteen (15) days of receipt of such notice, the parties, the Project Engineer and any required Governmental Authority (unless a longer time is required for such Governmental Authority to inspect) shall complete their inspection thereof. If no written objections are made (Lowe's being required to give such a notice within five (5) business days thereafter or else be deemed to have no objections) and every required governmental approval or acceptance is received, Developer shall cause the Project Engineer to issue to Lowe's and Developer a final certificate of completion as to such element (and as to the entire project, when all elements thereof are so completed), and upon such issuance, such element ofthe Site hnprovement Work shall be deemed delivered. In addition to providing notices, Developer shall be responsible for arranging for all governmental inspections required for the Site Work Improvements. If, during the construction of the Site Work hnprovements, any inspector representing a Governmental Authority having jurisdiction over the \\ny-srv01\990S04v09\11/3/04\45190,021100 8 . ----- Mechanicsburg, P A Site Development Agreement Site Work hnprovements brings to Developer's attention any deficiencies in the work or materials or any elements of the Site Work hnprovements which do not comply with applicable Approvals or Legal Requirements, Developer shall immediately notify Lowe's of the same and thereafter, with Lowe's consent and concurrence, which shall not be unreasonably withheld or delayed, cause such deficiencies to be corrected, The foregoing notwithstanding, any inspection by Lowe's and any failure to reject or object to any of the Site Improvement Work shall not constitute, nor be deemed to be evidence of, any approval by Lowe's of the Site Improvement Work, nor waive or release Developer from its obligation to construct and complete the Site Improvement Work in accordance with this Agreement. Developer agrees, upon written request from Lowe's received during the Warranty Period (hereinafter defined), to pursue any and all material claims against the Contractor or the Project Engineer based on professional negligence or otherwise, for the benefit of Lowe's, where such claims concern the preparation ofthe Site hnprovement Plans or the construction of the Site Work Improvements, or both. 4.5 Developer shall be responsible for coordinating the work of the Contractor and each subcontractor undertaking the Site Improvement Work with all other contractors employed by the parties for construction of their respective buildings and other improvements. In the event of a dispute, Developer shall notify Lowe's in writing of such dispute promptly after becoming aware of the dispute, Developer and Lowe's agree to cooperate with each other in order that the Site Improvement Work being performed within the Shopping Center shall be completed in a timely fashion and at no increase in cost to the other. Developer shall have, or shall cauSe the Contractor(s) to have, an on-site representative which can be the same representative for its site through the entire construction period, with the name of such on-site person (or any successor thereof) shall be provided to Lowe's by Developer. 4.6 Except for damage arising from the acts or omissions of Lowe's, Developer shall maintain the Site Improvement Work on the Lowe's Tract in a. good and safe condition until the Project Engineer issues its final certificate of completion as provided in Section 4.4 hereof and in accordance with the Site Improvement Plans. 4.7 If any mechanic's lien is filed against the Shopping Center or any portion thereof for work done or materials furnished to Developer, or anyone claiming through Developer, Developer shall cause such lien to be discharged at its sole expense by payment, release, bond, deposit, order of a court of competent jurisdiction or otherwise, within thirty (30) days after receiving notice from any source ofthe filing thereof. SECTION 5 PAYMENT OF PROJECT COSTS 5.1 "Project Costs" shall mean the aggregate cost of: (i) performing the Site Improvement Work, including any changes permitted under Section 1 which were not reflected in the Site Improvement Plans, (ii) any permit fees applicable to the Site Improvement Work, (iii) \\ny-srvOl\990504v09\11/3/04\45190.021100 9 Mechanicsburg. P A Site Development Agreement insurance premiums relating site work, (iv) preparing the Site Improvement Plans, (v) periodic on-site inspections required to be made by the Project Engineer or other special consultants in order to certify completion of the Site Improvement Work, and (vi) work performed pursuant to the provisions of Section 5.2 below. 5.2 Lowe's shall not be required to reimburse to Landlord any portion of the Project Costs, all of which shall be the sole responsibility of Developer, regardless of whether such Project Costs are increased due to unforeseen circumstances or conditions, corrective work or overtime, the risks associated therewith being hereby assumed solely by Developer. The foregoing notwithstanding, Lowe's agrees to contribute up to One Hundred Thousand Dollars ($100,000.00) towards the costs allocable to constructing the concrete areas adjacent to and immediately behind the Lowe's building, as depicted on the Site Improvement Plans (the "Concrete Work Contribution"). In addition, any cost associated with change orders benefiting the Lowe's Tract requested and approved by Lowe's (the "Lowe's Change Orders'') shall be paid by Lowe's. At Lowe's option, all Lowe's Change Orders may be negotiated and paid for by Lowe's directly to the Contractor performing the Lowe's Change Order work. To the extent any Lowe's Change Orders result in a decrease of the Project Costs payable by Developer, then such decrease shall be credited against any subsequent Lowe's Change Orders. Notwithstanding the foregoing, all changes to the Site Improvement Work required to be performed by Developer at Developer's cost under this Agreement which are required solely to conform the Site Improvement Plans to any higher standards required by any Governmental Authority, Legal, Requirement, or site conditions shall be entirely Developer's responsibility and expense. Lowe's Change Orders shall be billed to Lowe's at the actual cost incurred by Developer (whether or not Developer is acting as general contractor) with no overhead or profit added on for Developer, and Developer's agreement with its Contractors and any other contractors shall provide that no more than ten percent (10%) of actual net cost may be added to or included in the cost of change orders for profit, overhead, general supervision and administration. If any such contracts provide for profit, overhead, general supervision and administration in excess of ten percent (10%) of actual net cost, such excess costs shall be paid by Developer. Lowe's shall have the right for three (3) years after completion of the Site Improvement Work to audit, inspect and copy Developer's books and accounts with respect to the Lowe's Change Orders and any other work paid for by Lowe's to verify the accuracy of any amounts paid by or charged to Lowe's hereunder. Lowe's or its duly authorized representatives shall have the right to conduct such audit or inspection, at its expense and upon at least five (5) days prior written notice, during normal business hours and Developer shall provide office space and facilities for the conduct of the audit or inspection, including facilities for copying documents and data, whether in electronic format or otherwise. In the event an audit shall disclose any error in the determination or calculation of the costs paid by Lowe's, the adjustment necessary to correct such error or errors shall promptly be made. Reimbursement shall. promptly to be made to Lowe's, to the extent Lowe's has previously paid amounts found by the audit to be erroneous. If the error (or total of the errors, if more than one) is greater than three percent (3%) of the total of all change orders, Developer shall also reimburse Lowe's for its reasonable audit costs, \\ny-srvOI\990S04v09\1 I IJ/04\4S I 90.021 100 10 Mechanicsburg, PA Site Development Agreement 5.3 Any sum payable by Lowe's pursuant to Section 5.2 for the Concrete Work Contribution or a Lowe's Change Order shall be paid at such time as all of the following conditions to such payment have been fully satisfied, as a condition to such payment: 5.3.1 Developer shall have satisfactorily completed all of such work, and the Project Engineer shall have certified the same; 5.3,2 Lowe's shall have inspected and reasonably approved all such work (or been afforded a reasonable opportunity to inspect such work without having done SO); 5.3.3 All inspections, document filings, approvals, and/or completion certificates including those from Governmental Authorities required for such Site Improvement Work, including those related to SWPPP Requirements, shall have been performed, made and obtained, and copies thereof shall have been provided to Lowe's; 5.3.4 Lowe's shall have received lien waivers and releases in compliance with Section 4.1.8 from the Contractor and all subcontractors performing any part of such work; 5.3.S Lowe's shall have received an AIA Form G702 Application for Payment (or such other form of an itemized application for payment for the Site Improvement Work performed, which application shall be notarized and supported by such data substantiating Developer's right to payment as Lowe's may reasonably require), and shall reflect retainage as provided herein, and shall be certified by the Project Engineer; and 5.3.6 Lowe's shall have received with respect to each application for payment other than the final application an updated construction schedule (it being understood that the requirement for the Developer to submit an updated construction schedule does not modify the obligations set forth in this Agreement or relieve the Developer of the obligation of meeting the deadlines set forth in this Agreement). 5.4 Any provisions of this Section 5 to the contrary notwithstanding, if one or more mechanics' or contractors' lien claim has been filed against any portion of the Lowe's Tract in connection with the Site Improvement Work and is not paid or removed by Developer within forty~fiYe (45) days after Developer became aware of such lien, then upon written notice to Developer, Lowe's may withhold from amounts otherwise due Developer under this Agreement (including any retainage) an amount equal to one hundred twenty-five percent (125%) of the amount of each claim; provided, however, as each such claim is released of record and reasonably satisfactory evidence of such is delivered to Lowe's, the amount previously withheld by Lowe's with respect thereto shall be paid to Developer. 5.5 With respect to the final payment, Lowe's may withhold payment thereof and of the retainage until such time as: (i) the Project Engineer certifies in writing final completion of all Site hnprovement Work in compliance with the Site Construction Documents; and (ii) the Developer provides Lowe's with (1) a list of all subcontractors and major material suppliers used on the job; (2) copies of all SWPPP reports; (3) copies of all testing reports as required in this \\ny-srvO 1\990504v09\1113/04\45190,0211 00 11 r. Mechanicsburg, PA Site Development Agreement Agreement and the Site Construction Documents; (4) lien waivers and releases in compliance with Section 4(A)(viii) from the Contractor and all subcontractors performing any part of the Site Improvement Work; (5) a list of all subcontractors and major material suppliers employed in connection with the Site Improvement Work; (6) a title commitment binder from a title company reasonably satisfactory to Lowe's confirming that the Lowe's Parcel is free and clear of all mechanic's liens or other encumbrances asserted or claimed in connection with the Site Improvement Work; (7) evidence reasonably satisfactory to Lowe's that Developer has complied with all GovenunentaI Approvals, Legal Requirements and the SWPPP Requirements; and (8) a fmal set of reproducible drawings of the Site Improvement Work showing all changes, if any, thereto as well as copies thereofin CD ROM format Whether or not Lowe's is required to make any payment to Developer under Section 5.2, Developer shall provide to Lowe's all foregoing items set forth in this Section 5.5 upon completion ofthe Site Improvement Work, failing which, Developer shall be in default of its obligations under this Agreement and in under the Lease. 5.6 Lowe's shall pay any amounts due Developer under Section 5.2 within the thirty (30) days of the date such amounts become payable under this Agreement. Developer may only submit requests for payment once in any thirty (30) day period. 5.7 Any default by Developer hereunder (other than Developer's failure to perform or complete the Site Improvement Work within the time periods set forth herein, but specifically including any violation of Developer's warranty under Section 9 or a violation of Developer's indemnity obligations under Section 10) shall also constitute a default under the Lease, provided that Lowe's has afforded Developer notice of such default and Developer fails to cure such default within ten (10) days of receipt of Lowe's notice (or such longer period, not to exceed forty-five [45] days if the default is of a nature that it cannot reasonably be cured within such ten (10) day period). It is the intent of the Parties that Lowe's sole remedies for Developer's failure to timely perform and complete the Site Improvement Work within the time periods set forth herein shall be the take-over rights set forth in Section 6 hereof, and as set forth in Section 19(c) of the Lease (the provisions of which are incorporated herein by this reference with the same force and effect as if fully set forth herein), an action to compel specific performance by Developer, and, in either event, the payment to Lowe's of interest and Liquidated Damages as set forth in this Agreement. 5.8 No progress payment, acceptance following an inspection or any partial or entire use or occupancy of the Lowe's Tract by Lowe's shall constitute an acceptance of any Site Improvement Work not performed in-accordance with the Site Improvement Plans. SECTION 6 TAKE-OVER BY LOWE'S 6,1 If Lowe's determines, in its reasonable judgment and in good faith, that the performance of any portion of the Site Improvement Work is not proceeding so as to be completed by the time limits set forth in Section 3, time being of the essence, Lowe's may serve on the Developer written notice of such detennination, Thereafter, if Developer does not give to \\ny-srvO\\990504v09\\ 1/3/04\45190,021100 12 Mechanicsburg, P A Site Development Agreement Lowe's, within ten (10) days of receipt of Lowe's notice, reasonably satisfactory evidence that either such Site Improvement Work will be completed as required by this Agreement or that an extension of a completion date is appropriate under the terms of Section 12, Lowe's shall have the right, but not the obligation, to assume control of all or a portion of the Site Improvement Work on the Lowe's Tract and the common areas and the Off-Site Improvement Work, by giving an additional five (5) business days written notice to Developer (such notice, a "Take Over Notice"), Without limiting the foregoing, Lowe's shall have a right to give a Take Over Notice to Developer without any requirement for a cure period if (i) Developer shall fail to complete any portion of the Site Improvement Work by the time limits set forth in Section 3, time being of the essence, (ii) if Lowe's exercises its take-over rights in accordance with Section 19(c) of the Lease, or (iii) Developer gives notice to Lowe's that it will be ceasing performance of all or any remaining element of the Site Improvement Work. Upon such assumption of control by Lowe's hereWlder, Lowe's agrees to proceed with all reasonable dispatch to complete that portion of the Site Improvement Work for which Lowe's has given the Take Over Notice. Anything in this Agreement to the contrary notwithstanding, Lowe's shall have the right to modify the Site Improvement Plans as Lowe's, in its reasonable business judgment, deems advisable in order to complete that portion of the Site Improvement Work which is required to enable Lowe's open and operate the Lowe's Building for business to the public, provided such modifications do not have an adverse affect upon the Outparcel Unit, or increase Liquidated Damages. 6.2 Notwithstanding any exercise by Lowe's of its takeover rights hereWlder, Developer shall remain liable for all of the Project Costs under this Agreement, plus any increased costs attributable to or resulting solely from Lowe's exercise of its take-over rights hereWlder, and Developer agrees to periodically pay such amoWlts in the same manner as set forth in Section 5. If Developer fails to pay such amounts due Lowe's within the applicable time period, the amounts owed will bear interest at a rate being the lower of one percent (1 %) per month or such maximum rate as allowed by law from the date due until paid. In the event of a default in making such payment to Lowe's, Lowe's shall have the right to offset such amounts against the Fixed Rent payable under the Lease, subject, however to the twenty five percent (25%) per month cap set forth in the Lease. 6.3 The financial obligation of Developer due to Lowe's shall also include the Liquidated Damages, if any, applicable up to and through the date that Lowe's shall exercise its take-over rights under this Section 6. The foregoing notwithstanding, however, if Developer gives notice to Lowe's that it will be ceasing performance of all or any remaining element of the Site Improvement Work, then Lowe's shall only be entitled to Liquidated Damages for the period through the date which is the later of (i) thirty (30) days after such notice, or (ii) thirty (30) days after the date Developer actually ceases perfonning the Site Improvement Work. SECTION 7 PREPARATION OF LOWE'S BUILDING PAD AREA 7.1 With respect to the Building Pad Area on the Lowe's Tract as designated in the Site Improvement Plans, Developer shall cause the following work to be completed as part of the \\ny-srvOl\990S04v09\11/3/04\45190,021100 13 r-- - --- i Mechanicsburg, PA Sile Development Agreement Site Improvement Work in accordance with the Site Improvement Plans, Legal Requirements, the SWPPP Requirements and this Agreement, and in any event by the date set forth in Section 3 of this Agreement, time being of the essence: 7.1,1 Developer shall cause the surface and subsurface of the Building Pad Area, and, to the extent not covered by such designation, the areas upon which attached sidewalks shall be constructed, the garden center, any loading dock and any designated outside sales area, to be prepared and compacted. Developer shall cause to be issued to Lowe's a certification by the construction materials testing engineer assigned by the Project Engineer and reasonably acceptable to Lowe's confirming that the preparation of the Building Pad Area and surrounding areas have been completed as required by this Agreement, and that the compaction thereof strictly complies with the Site Improvement Plans. The Developer shall also cause to be issued to Lowe's within fifteen (15) days of completion of the Pad Delivery Work, a certification by the Project Engineer, confirming that the preparation of the Building Pad Area has been completed pursuant to the Site Improvement Plans and this Agreement, and that the location of the building comers and elevation of the Building Pad Area subgrade complies with the tolerances specifically set forth in the Site Improvement Plans, such certification to be in the fonn attached hereto as Exhibit C. Lowe's acceptance of the Building Pad Area is subject to compliance with all of the foregoing requirements. 7.1.2 If the proposed Pad Delivery Date, being the date of delivery of the Building Pad Area and Staging Area on the Lowe's Tract, occurs on or: between a December 1st and the last day ofthe following February (the "Blackout Period"), Lowe's shall not be obligated to accept delivery of the Building Pad Area or Staging Area and, at Lowe's election, the actual Pad Delivery Date shall not occur until the next succeeding March 1 st. Until such Pad Delivery Date occurs, Developer shall, at Developer's sole cost and expense, maintain the Building Pad Area and Staging Area. Thereafter, Lowe's, at Lowe's sole cost and expense, shall maintain the Building Pad Area and Staging Area and shall assume the obligation to pay utilities with respect thereto. SECTION 8 DEVELOPER'S FINANCIAL GUARANTY To assure that sufficient funds shall be available from Developer to pay the costs and expenses of the construction work to be completed by it hereunder, and to provide Lowe's with security for Developer's performance of its obligations hereunder upon execution of this Agreement, Developer shall comply with the following requirements: 8.1 Developer shall, prior to the date which is the later of (a) five (5) business days after the date hereof, or (b) November 15, 2004, establish an escrow account with an FDIC insured bank reasonably acceptable to Lowe's and shall deposit immediately therein cash in an amount equal to Eight Hundred Seventy Seven Thousand Dollars ($877,000,00) (the "Escrow Funds"). The Escrow Funds shall be invested according to reasonable prudent instructions from \\ny-srvOl \990504v09\11I3/04\45190.0211 00 14 Mechanicsburg, PA Site Development Agreement Developer and Lowe's recognizing preservation of capital as the primary investment obligation. The escrow shall provide that: 8.1.1 all interest earned shall be accumulated in the account and deemed a part of the Escrow Funds, and made available for satisfying Developer's obligations under this Agreement; 8.1.2 the Escrow Funds shall be used by Developer to pay the Project Costs for the Site hnprovement Work (including any cost overruns to the extent additional funds for the same have been deposited by Developer as provided in Section 8.2) to be completed under this Agreement and may be withdrawn periodically for such purpose upon submission of escrow account draws reasonably approved by Lowe's; 8.1.3 the Escrow Funds may be drawn upon by Lowe's only to satisfy any Developer's obligation hereunder in the event Developer shall default in its obligations and if Lowe's has taken over the Site hnproveinent Work in accordance with Section 6 above, including the notice and cure periods set forth in such Section 6; and 8.1.4 upon satisfaction of all Developer's obligations under this Agreement, the balance of the account, if any, shall be paid to Developer. 8.2 In the event cost overruns are encmmtered under the Contract for the Site hnprovement Work which are not the result of the act or omission of Lowe's in connection with any related construction activities, and Lowe's has not exercised its takeover rights pursuant to Section 6 hereof, then Developer shall promptly, upon being notified that such overruns shall be incurred, notify Lowe's of the same and deposit additional funds necessary to pay the Contractor for the entire such overruns. In the event such additional funds are not deposited paid when overruns have been ascertained, Developer's obligation to pay such amount shall continue, and shall thereafter include interest at the rate of interest from time to time quoted by Citibank, N.A., or its successor, as of the date of default, as its so called "prime rate", plus two percent (2%) 8.3 Although, the escrow acc~)Unt provided in this Section 8 shall be reduced as draws are reasonably approved by Lowe's pursuant to Section 5 hereof and are paid to the Contractor, the amount of the escrow account shall never be reduced to less than one hundred ten percent (110%) of the cost to complete the Site hnprovement Work, as determined by the Project Engineer. At the time a certificate of substantial completion (as defined in the Site Improvement Pians) is issued by the Project Engineer, then the amount of the escrow account will be reduced to an amount equal to one hundred ten percent (110%) of the cost of outstanding punch-list items as reasonably determined by the Project Engineer. Notwithstanding anything herein -to the contrary, Lowe's shall not be obligated to approve reductions in nor draw from the escrow account if Developer is in default hereunder. 8.4 In lieu of establishing the escrow for the Escrow Funds, provided that the Construction Lender (hereinafter defined) which is providing funds to Developer for the performance of the Site hnprovement Work agrees in writing with Lowe's to recognize Lowe's \\ny-srv01\990504v09\\ 1/3/04\45190.021100 15 Mechanicsburg. PA Site Development Agreement right to receive reimbursement for amounts expended, plus interest, and expressly recognizes Lowe's take-over rights, as set forth in Section 6, the Escrow Funds, in lieu of a cash deposit, may be evidenced and secured by an irrevocable letter of credit issued by the Developer's Construction Lender or another lender, containing the language set forth on Exhibit D, which letter of credit shall (i) name Lowe's as the beneficiary, (ii) not expire prior to June 30, 2006, (iii) provide that drafts drawn under the letter of credit marked "Drawn under [Name of Bank], Letter of Credit No. , dated 200_" and which indicate that the draw is pursuant solely to a sight draft and an affidavit (the "Draw Affidavit") from Lowe's, in the form to be attached to the letter of credit, and which form of Draw Affidavit is attached to this Agreement as Exbibit E and by this reference made a part hereof, and (iv) otherwise be in form and substance reasonably satisfactory to Lowe's. An original of the Draw Affidavit shall be attached to each sight draft. The issuer of the Letter of Credit shall not be required to look beyond the sight draft and Draw Affidavit, but shall honor such draft upon receipt. Developer further agrees to indemnify and hold hannless the Construction Lender from any loss, liability, cost or expense incurred with respect to its funding under the letter of credit upon receipt of a draft and Draw Affidavit. If the letter of credit shall have an expiration date that is earlier than the date which shall be six (6) months after the anticipated completion date for all of the Site hnprovement Work as provided in this Agreement and the Construction Schedule, Developer shall cause a substitute letter of credit having an expiration date that is at least six (6) months after such anticipated completion date to be delivered to Lowe's, which substitute letter of credit shall otherwise comply in all respects with the provisions of this Agreement. Upon Lowe's receipt of the substitute letter of credit complying with the foregoing requirements, the expiring letter of credit shall be returned to Developer. If Developer fails to replace the expiring letter of credit by the date which is thirty (30) days prior to the stated expiration date, Lowe's shall have the absolute right to draw on the letter of credit, and the letter of credit shall so specifically provide, 8.5 In lieu of the escrow of the Escrow. Funds or the letter of credit contemplated above, to assure that sufficient funds shall be available from Developer to satisfy its obligations hereunder, Developer may, concurrently with its execution of this Agreement, deliver or caused to be delivered to Lowe's a set-aside agreement with Developer's Construction Lender, which set-aside agreement shall (i) be addressed to Lowe's, (ii) provide that funds will be made available to Lowe's pursuant to the Draw Affidavit (as hereinafter defined), and that the Construction Lender shall not be required to look beyond such Draw Affidavit, but shall honor the request upon receipt, and (iii) be substantially in the form of Exhibit F annexed hereto (the "Set Aside Agreement"). If Lowe's assumes control of the construction activities pursuant to Section 6 hereof, Lowe's may periodically obtain a draw of Developer's loan proceeds in accordance with the Set Aside Agreement in order to satisfy Developer's obligations hereunder, solely by submission to the Construction Lender of a Draw Affidavit. Developer hereby releases the Construction Lender from any liability in cOIll1ection with its compliance with the instructions contained in this Section 8.5 with regard to the payments and funding pursuant to the Set Aside Agreement without any further consents, approvals, acts or actions by or from Developer. Developer further agrees to indemnify and hold harmless the Construction Lender \\ny-slVOl\990504v09\11/3/04\45190,021100 16 Mechanicsburg, PA Site Development Agreement from any loss, liability, cost or expense incurred with respect to its funding to Lowe's pursuant to the Set Aside Agreement upon receipt of the Draw Affidavit. 8.6 In addition to Developer's obligation to provide the Escrow Funds (or letter of credit) Developer shall cause an amount equal to one million one hundred twenty three thousand dollars ($1,123,000.00) to be deposited in escrow, by either a bond or letter of credit, pursuant to the terms of Developer's agreement with Hampden Township, Cumberland County, Pennsylvania, the form of which is attached hereto as Exhibit H (the "Municipal Development Agreement") and which shall provide that Lowe's is a third party beneficiary of such agreement and shall specifically recognize Lowe's take over rights and rights to have the funds so deposited paid to Lowe's upon completion of any portion of the Site Improvement Work for which such funds have been deposited. Developer shall neither modify or amend the Municipal Development Agreement, or permit the Municipal Development Agreement to be modified or amended without the written consent of Lowe's, 8.7 As used in this Agreement, "Construction Lender" shall mean a bank, commercial mortgage corporation, trust company, savings and loan association, insurance company, pension or retirement fund, real estate investment trust or other, similar organization whose loans on real estate are regulated by federal or state law and which is authorized to transact business in the Commonwealth of Pennsylvania which is a member in good standing of the FDIC. Lowe's acknowledges that GMAC Commercial Mortgage Bank, qualifies as a Construction Lender as defined herein. SECTION 9 DEVELOPER'S WARRANTY 9.1 Developer hereby warrants and represents to Lowe's that all Site hnprovement Work shall be free from defects in materials used by Developer therein or due to the failure of Developer to comply with the terms hereof (and specifically excluding any defects caused by Lowe's), from and after completion thereof until the earlier of (i) one (1) year after the date of opening of Lowe's Building to the public, or (ii) the date which is two (2) years after the date such portion of the Site Improvement Work was completed by Developer and Lowe's was given the opportunity to inspect such work and, either did not inspect such work, or having inspected it, accepted the work (in either case, the "Warrantv Period"). 9.2 Provided that Lowe's gives Developer notice of any such defects prior to the expiration of the Warranty Period, Developer shall cause such defects to be repaired, including the replacement of any Site Improvement Work, and including repair and replacement of other property or improvements which is required as a result of defects inthe Site Improvement Work, all without cost to Lowe's. After such notice of any defects is given, any such repair or replacement shall be commenced within thirty (30) days after demand and shall be pursued diligently to completion, Developer shall be responsible for making such repair or replacement, without regard (except to the extent the need for repair or replacement results from the negligent or intentionally wrongful acts of Lowe's, its agents or contractors) for the reason that such repair \\ny-srvOI\990504v09\1113/04\45190.021100 17 Mechanicsburg, PA Site Development Agreement or replacement is necessary. Nothing contained herein shall limit ally other obligation of Site Improvement Work in a good and workmanlike manner in compliance with all applicable Legal Requirements and Developer's responsibility to repair latent defects, which obligations shall not be limited by the time periods or notice requirements set forth above. SECTION 10 INDEMNITY AND INSURANCE 10.1 Developer shall defend, indemnify and hold harmless Lowe's from any and all judgments, actions liens, loss, damages, penalties, fines, liabilities, expenses (including reasonable attorneys' fees) and claims by third parties in connection with -any construction activity performed under this Agreement by or at the instance of Developer. Lowe's shall defend, indemnify and hold harmless Developer from any and all judgments, actions, liens, loss, damages, penalties, fines, liabilities, expenses (including reasonable attorneys' fees) and claims in cOMection with any construction activity performed under this Agreement by or at the insistence of Lowe's. Prior to commencing any work, Developer, or Lowe's, as the case may be, shall obtain, or cause to be obtained by its contractor(s), the following minimum insurance coverage: 1 0.1.1 Workers' Compensation - statutory limits 10.1.2 Employers' Liability - One Million Dollars ($1,000,000.00) 10.1.3 Commercial General Liability and Business Auto Liability as follows: (a) Bodily Injury - Two Million Dollars ($2,000,000.00) per occurrence (b) Property Damage - Two Million Dollars ($2,000,000.00) per occurrence (c) Independent Contractors Liability - Two Million Dollars ($2,000,000.00) per occurrence; (d) Products / Completed Operations Coverage which shall be kept in effect for two (2) years after completion of work; (e) "XCD" Hazard Endorsement, if applicable; (f) "Broad Fonn" Property Damage Endorsement; (g) "Personal Injury" Endorsements; . (h) "Blanket Contractual Liability" Endorsement. \\ny-srvO I \990504v09\11/3/04\45190,0211 00 18 I- I Mechanicsburg, PA Site Development Agreement If the construction activity involves the use of another party's tract, then the owner of such tract shall be an additional insured and such insurance shall provide that the same shall not be canceled, or reduced in amount or coverage below the requirements of this Agreement, without at least thirty (30) days prior written notice to the named insureds and each additional insured, If such insurance is canceled or expires then the constructing party shall immediately stop all work on or use ofthe other party's tract until either the required insurance is reinstated or replacement insurance is obtained. 10.2 All insurance required by this Section 10 shall be procured from companies licensed in the state where the Project is located and havi~g a general policy holder's rating of not less than A and a financial rating of not less than Class IX as rated in the most current available "Best's Key Rating Guide", All insurance may be provided under (i) an individual policy covering this location, (ii) a blanket policy or policies which includes other liabilities, properties and 10cations of such party (provided, however, that if such blanket commercial general liability insurance policy or policies contain a general policy aggregate of less than Ten Million Dollars ($10,000,000.00), then such insuring party shall also maintain excess liability coverage necessary to establish a total liability insurance limit of Ten Million Dollars ($10,000,000.00), (iii) a plan of self-insurance, provided that any party so self-insuring notifies the other parties of its intent to self-insure and agrees that upon request it shall deliver to such other parties each calendar year a copy of its annual report that is audited by an independent certified public accountant which discloses that such party (as to Lowe's such party shall consist of Lowe's and its parent corporation) has Two H~dred Million Dollars ($200,000,000.00) or more of net current assets, or (iv) a combination of any of the foregoing insurance programs. To the extent of any deductible carried by' a party, such party shall be deemed to be covering the amount thereof under an informal plan of self-insurance; provided, however, that in no event shall'any deductible exceed Two Hundred Fifty Thousand Dollars ($250,000.00) unless (a) such party complies with the requirements regarding self-insurance pursuant to (iii) above or (b) such party maintains net current assets in excess of Two Hundred Million Dollars ($200,000,000.00). Each party agrees to furnish to any party requesting in writing the same, a certificate(s) of insurance evidencing that the insurance required to be carried by such party is in full force and effect. 10.2.1 The insurance required above shall include the following provisions: (a) shall provide for severability of interests; and (b) shall provide that an act or omission of one of the insureds or additional insureds which would void or otherwise reduce coverage, shall not reduce or void the coverage as to the other named insureds. \\ny-srvOI \990S04v09\11/3/04\45190,02110Q 19 Mechanicsburg. PA Site Development Agreement SECTION 11 BANKRUPTCY 11.1 If Developer files, or has filed against it, a bankruptcy petition, then the bankruptcy trustee or debtor in possession shall assume or reject this Agreement within sixty (60) days of the date the bankruptcy petition is filed. SECTION 12 PERMITTED DELAYS 12.1 Whenever performance is required of any party hereunder, such party shall use all reasonable commercial efforts to perform and take all necessary measures in good faith to perform; provided, however that if completion of performance shall be delayed at any time by reason of acts of God, weather, war, terrorism, civil commotion, riots, work stoppages arising out of collective bargaining strikes, unavailability of materials or damage to work in progress by reason of fire or other casualty or causes beyond the reasonable control of a party (other than financial reasons) (collectively, "Permitted Delays"), then the time for performance as herein specified shall be appropriately extended by the time of the delay actually caused. However, in order for either party to be entitled to make a claim for any such delays, such party must give such other party written notice of the conditions or events giving rise to the delay and the number of days claimed to be due to such conditions or events within fifteen (15) days from the date of the occurrence of the condition or event giving rise to the delay. The provisions of this Section 12 shall not operate to excuse any party from the prompt payment of any monies required by this Agreement. SECTION 13Error! Bookmark not defined. NOTICE 13,1 All notices, demands and requests required or permitted to be given under this Agreement (collectively the "Notices'') must be in writing and must be delivered personally (with written confirmation thereof), sent by nationally recognized overnight courier (subject to written delivery confirmation thereof) or sent by United States certified mail, return receipt requested, postage prepaid and addressed to the parties at their respective addresses set forth below, and the same shall be effective upon receipt or refusal. The initial addressed of the parties shall be: To Developer: RB Mechanicsburg Associates LP c/o RD Management Corp. 810 Seventh Avenue, 28th Floor New York, New York 10019 Attention: Richard J. Birdoff, Esq. With a copy to: Brown Raysman Millstein Felder& Steiner, LLP 900 Third Avenue \lny-srvOl\990504v09\11/3/04\45190.021100 20 Mechanicsburg, PA Site Development Agreement New York, New York 10022 Attention: Kenneth S, Brown, Esq. To Lowe's by mail: Lowe's Horne Centers, Inc. P.O, Box 1111 North Wilkesboro, North Carolina 28656 Attention: Construction Manager (ECO) with a copy to: Lowe's Home Centers, Inc. P,O, Box 1111 North Wilkesboro, North Carolina 28656 Attention: Legal Department (REO) by courier: Lowe's Home Centers, Inc; Highway 268 East North Wilkesboro, North Carolina 28659 Attention: Construction Manager (BCD) with a copy to: Lowe's Home Centers, lnc, Highway 268 East North Wilkesboro, North Carolina 28659 Attention: Legal Department (REO) 13.2 Upon at least ten (10) days' prior written notice, each party shall have the right to change its address to any other address within the United States of America. 13.3 Informal communications made between Lowe's and Developer during the completion of construction activities performed under this Agreement may be made by their respective project managers as designated from time to time, but the same shall not constitute fonnal notice under this Agreement. SECTION 14 TIME OF THE ESSENCE 14.1 Developer acknowledges and agrees that time is of the essence to Lowe's with respect to Developer's completion of the Site Improvement Work. SECTION 15 RELATIONSHIP OF PARTIES 15.1 Nothing contained in this Agreement shall be deemed or construed, either by the parties hereto or by any third party, to create the relationship of principal and agent or to create any partnership, joint venture or other association between Developer and Lowe's. \\ny-srvO 1 \990504v09\ 11/3/04\45190,0211 00 21 Mec!lanicsburg, PA Site Development Agreement SECTION 16 COSTS AND ATTORNEYS' FEES 16.1 If either party brings or commences any legal action or proceeding to enforce any of the terms of this Agreement (or for damages by reason of an alleged breach of this Agreement), the prevailing party in such action shall be entitled to recovery of all costs and expenses of litigation, including reasonable attorneys' fees and disbursements, SECTION 17 MISCELLANEOUS 17.1 Each exhibit attached to and referred to in this Agreement is hereby incorporated by reference as though set forth in full where referred to herein. The recitals are incorporated herein by reference as matters of contract and not mere recital. 17.2 This Agreement, or the signature pages hereof, may be executed in any number of original counterparts, all of which evidence only one agreement and only one full and complete copy of which need be produced for any purpose. A facsimile of a signature will have the same legal effect as an originally drawn signature. 17.3 The captions heading the various section of this Agreement are for convenience and identification only, and shall not be deemed to limit or define the contents of their respective sections. 17.4 This Agreement supersedes and cancels all. prior negotiations between the parties with respect to the construction work described herein, other than the Lease, and any changes, amendments, and/or modifications hereto must be in writing signed by the party against whom enforcement is sought. 17.5 The failure to enforce any particular provision of this Agreement on any particular occasion shall not be deemed a waiver by either party of any of its rights hereunder, nor shall it be deemed to be a waiver of subsequent or continuing breaches of that provision, unless such waiver be expressed in a writing signed by the party to be bound. 17,6 Any time period ofless than fourteen (14) days shall in the computation thereof exclude Saturdays, Sundays, and state or national holidays. and any time period provided for herein which shall end on Saturday, Sunday, or a legal holiday shall extend to 6:00 p.m. Eastern Time of the next business day. 17.7 Since the parties hereto have participated in extensive negotiations in the drafting of the terms and provisions of this Agreement, the parties agree that this Agreement shall be construed without regard to the identity of the person or party who drafted the various provisions and any rule of construction that document is to be construed against the drafting party shall not be applicable, \\ny-srvOl\990504v09\11/3/04\45l90.021 100 22 . Mechanicsburg. PA Site Development Agreement 17.8 The use in this Agreement of the terms "herein", "hereunder", "hereinabove", "hereinafter", or similar words are used, the same shall be deemed to refer to this entire Agreement, unless expressly stated to the contrary. The use in this Agreement of the terms "include", "including" and words of similar import shall be construed as if followed by the phrase "without limitation". The use in this Agreement of the words "such as" and "including" shall not be deemed to limit the generality of the term or clause to which it has reference, whether or not non-limiting language (such as import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that would reasonably fall within the broadest possible scope of such general statement, term or matter. 17.9 Developer and Lowe's intend that no otherperson or entity is to have any claim or right under or any interest in this Agreement and no other person or entity is to have any right of action hereon or hereunder. 17.10 This Agreement shall be construed and governed by the laws of the Commonwealth of Pennsylvania, applicable to agreements made, and to be performed, wholly within such state, and without regard to choice of law provisions. 17.11 Neither of the parties may assign its rights, or delegate its responsibilities under this Agreement without the written consent of the other party, provided, however, that (i) Developer may assign such rights to an entity controlled by Developer or the principals of Developer, (ii) Developer may assign its rights and obligations hereunder to a Construction Lender in connection with a construction loan, (iii) as otherwise permitted under this Agreement (e.g, with respect to the performance of work which may be undertaken by contractors, agents, etc.), and (iv) Lowe's may assign its rights and obligations hereunder to an affiliate or subsidiary. 17.12 This Agreement shall become a binding obligation of the parties only upon the complete execution and unconditional delivery thereof by both parties. 17.13 Each of the Parties hereto agrees to cooperate with the other Party in executing any ancillary agreements which may hereafter be necessary from time to time to carry out the intent of the Parties as herein contemplated. 17.14 In the event any provision or portion of this Agreement is held by any court of competent jurisdiction to be invalid or unenforceable, such holding will not effect the remainder hereof, and the remaining provisions shall continue in full force and effect at the same extent as would have been the case had such invalid or unenforceable provision or portion never been a part hereof, [THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFI' BLANK SIGNATURES ARE ON THE FOLLOWING PAGE] \\ny-srvOI\990S04v09\11I3/04\4519Q,Q21100 23 Mechanicsburg, PA Site Development Agreement IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorizedr.epr.esentatives effective as of the day and year first above written. RB MECHANICS BURG ASSOCIATES LP By: RJB Mechanicsburg LLC, its general partner By: Name: Title: LOWE'S HOME CENTERS, INC. By: Name: Title: \lny-srvOl \990504v09\1 113/04\45190,021 1 00 24 Mechanicsburg, P A Site Development Agreement EXHIBIT A Site Plan \\ny-srvO I \990504v09\11/3/04\45190.021100 25 Mechanicsourg, P A Site Development Agreement EXHIBIT B List of Site Improvement Plans & Specifications SITE CONSTRUCTION PLANS FOR RJB MECHANlCSBURG SHOPPING CENTER SHEET DESCRIPTION TITLE SHEET Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 1 15 TOPOGRAPHIC & BOUNDARY SURVEY PLAN Dated AUGUST 27, 2004 SITE DEMOLITION PLAN Dated AUGUST 27, 2004, last Revised September 10, 2004 OVERALL SITE CONSTRUCTION PLAN Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 OVERALL GRADING I UTILITIES CONSTRUCTION PLAN Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 PARTIAL SITE CONSTRUCTION PLAN Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 PARTIAL GRADING I UTILITIES CONSTRUCTION PLAN Dated AUGUST 27, 2004, last Revised OCTOBER 25,2004 SOIL EROSION AND SEDIMENT POLLUTION CONTROL PLAN (PHASE 1) Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 SOIL EROSION AND SEDIMENT POLLUTION CONTROL PLAN (PHASE 2) Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 SOIL EROSION AND SEDIMENT POLLUTION ~ONTROL PLAN (PHASE 3) Dated AUGUST 27,2004, last Revised OCTOBER 25,2004 POST CONSTRUCTION STORMW ATER MANAGEMENT PLAN Dated AUGUST 27, 2004, last Revised OCTOBER 25,2004 SITE LANDSCAPING PLAN Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 SITE LIGHTING PLAN Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 SANITARY SEWER PROFILES Dated AUGUST 27,2004, last Revised September 10, 2004 STORM SEWER PROFILES Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 STORM SEWER PROFILES Dated AUGUST 27, 2004, last Revised OCTOBER 25, 2004 MISCELLANEOUS DETAILS & OTHER INFORMATION Dated AUGUST 27, 2004, last Revised OCTOBER 25,2004 2 3 4 5 6 7 8 9 10 11 12 13 14 16 \\ny_srvOl\990504v09\11/3/04\45190.021100 26 Mechanicsburg. PA Site Development Agreement 18 MISCELLANEOUS DETAILS & OTHER lNFORMA TION Dated AUGUST 27, 2004, last Revised OCTOBER 25,2004 MISCELLANEOUS DETAILS AND OTHER INFORMATION Dated October 25, 2004 SOIL EROSION DETAILS & OTHER INFORMATION Dated AUGUST 27, 2004 17 19 ROADWAY CONSTRUCTION PLANS FOR RJB MECHANICSBURG SHOPPING CENTER SHEET DESCRIPTION A TITLE SHEET Dated August 27,2004, Last Revised October 25,2004 1 ROADWAY CONSTRUCTION PLAN (pANEL 1) Dated August 27, . 2004 2 ROADWAY CONSTRUCTION PLAN (pANEL 2) Dated August 27, 2004, Last Revised October 25, 2004 3 ROADWAY CONSTRUCTION PLAN (GRADING / UTILITIES P ANEL-l) Dated August 27, 2004, Last Revised September 10, 2004 4 ROADWAY CONSTRUCTION PLAN (GRADING / UTILITIES P ANEL-2) Dated August 27, 2004, Last Revised September 10, 2004 5 STORM SEWER PROFILES Dated August 27,2004 6 MISCELLANEOUS DETAILS AND OTHER INFORMATION Dated August 27,2004 7 MISCELLANEOUS DETAILS AND OTHER INFORMATION Dated August 27, 2004 \\ny-srvO I \990504v09\1 113/04\45190,021 I 00 27 Mechanicsburg, PA Site Development Agreement EXHIBIT C Pad Certification Form ala ,. ..' BUILDING PAD/L1J\.1ITS CERTIFICATION FORM Pt'oip.rf Date Geotech. Engineer Surveyor Grading Contractor Lowe's Const. Mgr. o SUBGRADE o STONE BASE GEOTECHNICAL ENGINEERING CERTIFICATION I certifY that the building pad/limits for the above referenced project, has been constructed in accordance with the Geotechnical Investigation prepared by dated, and Lowe's Specifications, dated All earth cut and fills have been installed competently, properly and have been compacted under the supervision of the below certifying Geotechnical Engineer. The building pad/limits has been acceptably prepared to support the proposed construction. A fmal report containing a description of the grading work, on-site recommendations and the results of testing and inspections has been prepared and is dated Geotechnical Engineer ( signature) Registration No. Date Expiration Date Affix Seal Here (not valid unless sealed) ELEVATION CERTIFICATION I certifY to the satisfactory completion of the grading for the building pad/limits In accordance with the approved drawings and specifications engineered by All as-built subgrade elevations have been taken on a 501 grid across the Lowe's building pad/limits and are within the tolerance of 0 to -112 inches of the proposed sub grade elevation as required by the Lowe's Specifications. \\ny-srvOl\990504v09\11/J/04\45190,Q21100 28 Mechanicsburg, PA Site Development Agreement Finished Floor Elevation Surveyor (signature) Registration No. Date Expiration Date Affix Seal Here (not valid unless sealed) GRADING CONTRACTOR VERIFICATION I verify to the satisfactory completion of grading for the building pad/limits in accordance with the approved Grading Drawings and Lowe's Specifications. Contractor (signature) Date: \\ny-srvOl \990S04v09\11/3/04\45190,021100 29 Mechanicsburg, PA Site Development Agreement EXHIBIT D Required Language in Letter of Credit Drafts drawn under this Irrevocable Letter of Credit must be marked "Drawn under fName ofBankl , Letter of Credit No. , dated , 199_" and indicate that it is being drawn pursuant to an affidavit from in the form attached hereto, The original of such affidavit shall be attached to said draft. (Name ofBankl shall not be required to look beyond such affidavit but shall honor such draft upon receipt. \\ny-srvO 1 \990504v09\ll/3/04\4519Q.OZll 00 30 Mecl1anicsburg. PA Site Development Agreement EXHIBIT E Form of Draw Affidavit STATE OF NORTH CAROLINA ) 55,: COUNTY OF WILKES ) BEFORE ME, the undersigned authority, appeared who, after first being duly sworn did depose and say as follows: My name is and I am the of Lowe's Home Centers, Ine" a North Carolina corporation defined as Lowe's under that certain Site Development Agreement dated , 200_, wherein , a is defined and referred to as the Developer. Pursuant to such Site Development Agreement, Developer has caused [Name of Bank], to issue to Lowe's Home Centers, Inc, its Irrevocable Letter of Credit No. . Lowe's has caused certain work to be performed in accordance with the Site Development Agreement. [Name of Bank] is hereby directed to deliver the funds due to Lowe's Home Centers, me" without any requirements of approval by Developer or any other party. . Executed the _ day of , 200_. LOWE'S HOME CENTERS, INC. By: Name: Title: STATE OF NORTH CAROLINA } COUNTY OF WILKES 55:, } On this, the personally appeared , 200_, before me, the undersigned officer, , who acknowledged himself to be the of Lowe's Home Centers, Inc. (the "Company") and that he as such officer, being duly authorized to do so, executed the foregoing instrument on behalf of said Company, for the purposes therein contained by signing the name of the Company by himself as such officer. day of IN WITNESS WHEREOF, I have hereunto set my hand and official seal. Notary Public \\ny-srvOl\990S04v09\1 1/3/04\45190.021 100 31 Mechanicsburg, PA Site Development Agreement EXHIBIT F SET ASIDE AGREEMENT November, _, 2004 Lowe's Home Centers, Inc. Highway 268 East North Wilkesboro, North Carolina 28659 Re: Site Development Agreement dated November -' 2004 (the "Site Development Agreemenf'), between RJB Mechanicsburg LLC (the "Developer") and Lowe's Home Centers. me. ("Lowe's") Ladies and Gentlemen: GMAC Commercial Mortgage Bank, a Utah industrial bank ("Lender") understands that Developer and Lowe's have entered into the Site Development Agreement which, among other things, provides for the performance by Developer of certain Site Improvement Work pursuant to the Site Improvement Plans (both terms as defin~d in the Site Development Agreement). Lender acknowledges that it is familiar with, and approves of, the terms and provisions of the Site Development Agreement, and Lender, peveloper and Lowe's hereby agree as follows: 1. Lender represents and warrants to Lowe's that Developer has established with Lender and there currently is available to Developer from Lender an acquisition and construction loan in the maximum principal amount of eight million three hundred thousand dollars ($8,300,000.00) (the "Construction Loan"), upon which Developer may draw to pay, among other things, the Project Costs (as defined in the Site Development Agreement). 2. Lender hereby covenants and agrees that (a) subject to the provisions of Paragraph 3 of this set aside letter, Lender will hold available under the Construction Loan eight hundred seventy seven thousand dollars ($877,000.00) (the "Set Aside Funds") to be reserved for payment of a portion of the Project Costs, and (b) subject to satisfaction of the Condition (defined below), it will disburse to Lowe's, for the account of Developer, the amount, if any, drawn by Lowe's (but in no event to exceed the amount of the Set Aside Funds) with respect to the Project Costs, upon receipt from Lowe's of an affidavit in the form of Exhibit A attached hereto and made by this reference a part hereof for all purposes (the "Draw Mfidavit"). Lender shall not, and shall not be required to, require any documentation or other information of any nature whatsoever other than such Draw Affidavit, and covenants and. agrees that Lender shall honor the draft upon receipt of the Draw Affidavit, without regard to any disbursement requirements in the Construction Loan documents Of otherwise. Except for the release of the Set Aside Funds to Lowe's in accordance with this set aside agreement, the amount of the Set Aside \\ny-srvOl\990.504v09\l lI3/04\45 190,021 100 32 . Mechanicsburg, PA Site Development Agreement Funds shall not be reduced until the due satisfaction by Developer of all of the conditions set forth in Section 5.5 of the Site Development Agre.ement. 3, Lowe's hereby covenants and agrees that, the delivery by Lowe's of the initial Draw Affidavit pursuant under this Set Aside Letter, shall constitute Lowe's absolute and unconditional agreement (the "Building Covenant") that if the aggregate of the Set Aside Funds and the funds which are required to be made available to Lowe's pursuant to the development agreement between Developer and Hampden Township (the "Municipal Development Agreement") a copy of which is annexed to the Site Development Agreement as Exhibit H) are insufficient to complete the Work (defined below) and to otherwise fully reimburse to Lowe's all of Lowe's costs and expenses reasonably incurred in the exercise of its take-over rights pursuant to Section 6 of the Site Developnient Agreement, and all other costs and expenses incurred by Lowe's in connection with the performance and completion of the Work together with interest thereon as set fort in the Site Development Agreement, discharging or bonding any mechanic's liens, liquidated damages due to Lowe's pursuant to the Site Development Agreement (collectively, the "Lowe's Take-Over Costs"), Lowe's hereby agrees to complete the Work by using its own funds, in accordance with the provisions of the Site Development Agreement. The term "Work" means all construction work which is required to be completed by Developer as a condition to the Rent Commencement Date (as defined in the Lease). If Lowe's Take-Over Costs exceed the total of the funds actually paid to Lowe's from the Set Aside Funds and pursuant to the Municipal Development Agreement (a "Site Work Deficiency"), Developer and . Lender hereby agree that Lowe's shall have the absolute and unrestricted right to recover the full amount of the Site Work Deficiency together with interest thereon as set forth in the Site Development Agreement and the Lease, by an offset against the Fixed Rent payable under the Lease, which monthly offsets shall be subject to provisions of Section l3(g) of the Lease limiting rent offsets to twenty-five percent (25%) of any -monthly installment of Fixed Rent. Upon request of the Lender (not more often than monthly during the performance by Lowe's of the Building Covenant), Lowe's shall use commercially reasonable efforts to have the Project Engineer certify as to the amount of the Site Work Deficiency, if any, and within a reasonable time after Lowe's receipt of the Project Engineer's certification of a Site Work Deficiency, Lowe's will advise the Lender (in the manner provided for giving notices as set forth in the Mortgagee Non-Disturbance Agreement of even date herewith among Lowe's, Lender and Developer) whether Lowe's agrees or disagrees with the Project Engineer's certification. 4. Provided the Condition is fulfilled, until full disbursement of the Set Aside Funds: (a) Lender's obligations under Paragraph 2 ofthis set aside agreement are and shall remain, absolute and unconditional, and are not subject to the satisfaction of any condition to Developer's right to require a disbursement under the Construction Loan or othetwise to any condition other than Lender's receipt of a Draw Affidavit; and \\ny-srvot \990504v09\tI/3/04\45t90,02tlOO 33 . Mechanicsburg, PA Site Development Agreement (b) Neither a termination of, nor a default by Developer under, the Construction Loan or otherwise with respect to Developer's obligations to Lender will in any way reduce, limit or otherwise affect Lender's obligations under Paragraph 2 of this set aside agreement. 5. As used herein, the "Condition" shall mean Lowe's delivery to Lender of an unqualified written statement that all of the conditions set forth in Section 5( c) of the Lease (as defined in the Site Development Agreement), except for the conditions in clauses (x) and (xi) of said Section 5(c), have been fulfilled or have been waived in writing by Lowe's, 6. Lowe's agrees that if it becomes responsible to complete the Work, and thereafter Lowe's receives any lien waivers or releases, or title updates with respect to any Work it performs or which is performed on its behalf, within a reasonable time thereafter, it will forward copies thereof to Lender. Lowe's further agrees that Lender or its construction consultant shall have the right to reasonable access to the Lowe's Tract (as defined in the Site Development Agreement) to monitor the progress of the Work; provided, however, that neither the failure of Lowe's to comply with the provisions of this paragraph 6, nor any facts which may be disclosed as a result of Lender's (or its consultant's) monitoring of the Work shall in any way reduce, limit or otherwise affect Lender's obligations under Paragraph 2 of this set aside agreement. 7, Developer has joined in the execution of this set aside agreement to ratify and confimi the terms and provisions hereof, and in particular to Lowe's right to an offset against rent as set forth in paragraph 3 hereof, notwithstanding anything to the contrary set forth in the Lease, the Site Development Agreement or otherwise. 8. This set aside agreement may be signed in counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one instrument. A facsimile signature shall have the same binding effect as an original signature. 9. This set aside agreement shall be binding upon and inure to the benefit of Lowe's, Developer and Lender, their respective legal representatives, successors and assigns. 10. As long as Developer's obligations under the Site Development Agreement to perform the Site Improvement Work (or Lowe's Building Covenant, as applicable) have not been fully satisfied and completed, neither this set aside agreement, nor the provisions of the Site Development Agreement or the Lease pertaining to this set aside agreement or referenced herein, shall be modified or amended without the express written consent of all of the parties to this set aside agreement. [THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK SIGNATURES ARE ON THE FOLLOWING PAGE] \\ny-srvOl \990504v09\1113/04\45190,0211 00 34 . Mechanicsburg, PA Site Development Agreement CONFIRMED AND AGREED TO: GMAC COMMERCIAL MORTGAGE BANK, a Utah industrial bank By: Name: Title: LOWE'S HOME CENTERS, INC. By: Name: Title: RB MECHANICSBURG ASSOCIATES LP By: RJB MECHANIcSBURG LLC, its General Partner By: Name: Title: Lowe's Companies. Inc., by signing below hereby confirms that the "Building Covenant" is and shall be deemed to be one of the covenants, obligations and acts to be performed or observed by Lowe's Home Centers, Ine, as tenant under the provisions of the Lease, and is, as such, subject to the provisions of the Guaranty of lease of even date given by the undersigned to Developer. LOWE'S COMPANIES, INC. By: Name: Title: \\ny-srvOl \990S04v09\11/3/04\45190.021100 35 Mechanicsburg, PA Site Development Agreement EXHIBIT A Form of Draw Affidavit STATE OF NORTH CAROLINA ) SS.: COUNTY OF WILKES ) BEFORE ME, the undersigned authority, appeared , who, after first being duly sworn did depose and say as follows: My name is. and I am the of Lowe's Home Centers, me., a North Carolina corporation, defined as Lowe's under that certain Site Development Agreement dated ,200-, wherein , a is defined and referred to as the Developer. Pursuant to such Site Development Agreement, [Name of Bank] has executed and delivered toLowe's Home Centers, Inc, a certain "set aside agreement". Lowe's has caused certain work to be performed in accordance with the Site Development Agreement and [Name of Bank] is hereby directed to deliver to Lowe's Home Centers, Inc. dollars ($ ) as set forth in the set aside agreement without any requirements of approval by Developer or any other party, and without the requirement of any further documentation. Executed the _ day of ,200_. LOWE'S HOME CENTERS, INC. By: Name: Title: STATEOFNORTHCAROLINA} ss:, COUNTY OF WILKES } On this,' the personally appeared day of , 200-, before me, the undersigned officer, , who acknowledged himself to be the of Lowe's Home Centers, Inc. (the "Company") and that he as such officer, being duly authorized to do so, executed the foregoing instrument. on behalf of said Company, for the purposes therein contained by signing the name of the Company by himself as such officer. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. Notary Public \\ny-srvOI\990504v09\1 113/04\45190,021 lOO 36 Mechanicsburg. PA Site Development Agreement EXHIBIT G Form of Lien Waivers PARTIAL CONDITIONAL WAIVER OF LIEN TENANT: GENERAL CONTRACTOR: DEVELOPER/LANDLORD: PROJECT NAME: LOWE'S HOME CENTERS, INC. STATE OF ) S5.: COUNTY OF ) the property described as the the receipt of dollars ($ for labor/materials provided through with [Contracting Party] to provide (Nature of WorklServices/Materials] for the improvements to (the "Property"), and in consideration of ) do hereby waive my/our construction ,lien rights ,20_. I/we have a contract This waiver, together with all previous waivers, if any, covers all amounts due to us for contract improvements provided through the date shown above, excepting retainage, if any. [NAME OFWAIVINGPARTYJ By: Name: Title: ADDITIONAL WARRANTIES AND REPRESENTATIONS I. The undersigned signatory warrants and represents that he has full authority to execute this Partial Conditional Waiver of Lien for the firm or company listed below. 2. The undersigned signatory has personal knowledge of the facts sworn to in this Partial Conditional Waiver of Lien and such facts are true and correct. \\ny-srvOI\990504v09\11/3/04\45190,021100 37 Mechanicsburg, PA Site Development Agreement 3, The undersigned has performed all work through , 20_ pursuant to the terms and conditions of its contract, and in conformance with all plans and specifications for the work, 4. Any and all contractors, subcontractors, laborers, suppliers and materialmen that have provided labor, material or services to the undersigned for use or incorporation into the construction of the improvements to the Property have been paid and satisfied in full, and there are no outstanding claims of any character arising out of, or related to, the undersigned's activities on, or improvements to, the Property, 5. There are no known unsatisfied claims for damages resulting from injury or death to any employees, subcontractors, or the public at large arising out of any of the undersigned's activities or construction work on the Property. 6. The undersigned is not aware of any Claims of Lien, Notices of Lien, or any suits or claims for payment, loss or damage of any kind, nature or description which might constitute a lien or encumbrance upon the Property as of the date of this Partial Conditional Waiver of Lien, 7. This Partial Conditional Waiver of Lien is specifically made for the benefit of the Tenant, Landlord and the respective Lenders of Tenant and Landlord and the Owner's lender (if any) or Developer/Landlord (if any), and any other person or entity with a legal or equitable interest in the Property, and this Partial Conditional Waiver of Lien may be relied upon by any of the aforementioned parties. 8. The undersigned is executing this Partial Conditional Waiver of Lien, as provided by law, for and on behalf of the firm or company listed below for the express purpose of inducing and receiving payment for work performed through the date of this Partial Conditional Waiver of Lien. 9. This Partial Conditional Waiver of Lien constitutes a representation by the undersigned signatory, for and on behalf of the firm or company listed below, that the payment referenced above, once received, constitutes full and complete payment for all work performed, and all costs or expenses incurred (including, but not limited to, costs for supervision, field office overhead, home office overhead, interest on capital, profit, and general conditions costs) relative to the work or improvements at the Property as of the date of this Partial Conditional Waiver of Lien except for the payment of retainage. The undersigned hereby specifically waives, quitclaims and releases any claim for damages due to delay, hindrance, interference, acceleration, inefficiencies or extra work, or any other claim of any kind it may have against the Tenant, Landlord and the respective Lenders of Tenant and Landlord, the Owner's lender (if any) or Oeveloper/Landlord (if any), the General Contractor (if this Waiver is signed by a subcontractor or supplier), or any other person or entity with a legal or equitable interest in the Property, as of the date of this Partial Conditional Waiver of Lien, except as follows: \\ny-srvOl\990S04v09\1l/3/04\4S190,021100 38 . Mechanicsburg, PA Site Development Agreement 10. The amount of money set forth as due and owing in the immediately preceding Partial Conditional Waiver of Lien dated ,20_ has been received, and is deemed paid in full. IN WITNESS WHEREOF, the person signing this document, acting for and on behalf of the Undersigned and all of its employees, subcontractors, laborers, suppliers and materialmen, has placed his hand and seal this day of ,20_ [NAME OF WAIVING PARTY] By: Name: Title: [Insert appropriatejuratfor jun'sdictionJ \\ny.srvO I \990504v09\ I 1/3/04\45190.021100 39 Mechanicsburg. PA Site Development Agreement FULL UNCONDITIONAL WAIVER OF LIEN TENANT: GENERAL CONTRACTOR: DEVELOPER/LANDLORD: PROJECT NAME: LOWE'S HOME CENTERS, INC. STATE OF ) 55,: ) COUNTY OF My/our contract with [Other Contracting Party] to provide for the improvements to the property described as the , having been fully paid and satisfied upon receipt of $ all my/our construction lien rights against such property are hereby waived and released, without exception. [NAME OF WAIVING PARTY] By: Name: Title: ADDITIONAL WARRANTIES AND REPRESENTATIONS I. The undersigned signatory warrants and represents that he has full authority to execute this Full Unconditional Waiver of Lien for the firm or company listed below. 2. The undersigned signatory has personal knowledge of the facts sworn to in this Full Unconditional Waiver of Lien and such facts are true and correct. 3, The undersigned has performed all work required under its contract pursuant to all of the terms and conditions of its contract, and in conformance with all plans and specifications for the work, 4, Any and all contractors, subcontractors, laborers, suppliers and materialmen that have provided labor, material or services to the undersigned for use or incorporation into the construction of the improvements to the Property have been paid and satisfied in full, and there are no outstanding claims of any character arising out of, or related to, undersigned's activities on, or improvements to, the Property. This statement is intended to comply with any affidavit requirements or procedures contained in the lien statutes of the state in which the Project is located; \\ny-srvOI\990504v09\11/3f04\45190.021100 40 . Mechanicsburg, PA Site Development Agreement 5. There are no known unsatisfied claims for damages resulting from injury or death to any employees, subcontractors, or the public at large arising out of any of undersigned's activities or improvements to the Property. 6. The undersigned is not aware of any Claims of Lien, Notices of Lien, or any suits or claims for payment, loss or damage of any kind, nature or description which might constitute a lien upon the Property as of the date ofthis Full Unconditional Waiver of Lien, 7. This Full UnconditionalW aiver of Lien is specifically made for the benefit of Tenant, Landlord and the respective Lenders of Tenant and Landlord (if any) or Developer/Landlord (if any), and any other person or entity with a legal or equitable interest in the Property, and may be relied upon unconditionally by any ofthe aforementioned parties. 8. The undersigned signatory is executing this Full Unconditional Waiver of Lien, as provided by law, for and on behalf of the undersigned for the express purpose of inducing and receiving final payment from the DeveloperlLandlord (or lender or DeveloperlLandlord) for work or improvements to the Property. 9, This Full Unconditional Waiver of Lien constitutes a representation by the undersigned signatory, for and on behalf of the undersigned, that the payment referenced above, once received, constitutes full and complete payment for all work performed, and all costs or expenses incurred (including, but not limited to, costs for supervision, field office overhead, home office overhead, interest on capital, profit, and general conditions costs) relative to the work or improvements at the Property. The undersigned hereby specifically waives, quitclaims and releases any claim. for damages due to delay, hindrance, interference, acceleration, inefficiencies or extra work, or any other claim of any kind it may have against the Owner, the Tenant, Landlord or the respective Lenders of Tenant or Landlord (if any) or DeveloperlLandlord (if any), the General Contractor (if this Waiver is signed by a subcontractor or supplier), or any other person or entity with a legal or equitable interest in the Property, relative to the work or improvements at the Property. 10, The amount of money set forth as due and owing in the immediately preceding Full Unconditional Waiver of Lien dated , _, has been received, and is deemed paid in full. IN WITNESS WHEREOF, the person signing this document, acting for and on behalf of the Undersigned and all of its employees, subcontractors, laborers, suppliers and materialmen, has placed his hand and seal this day of ,20_. [NAME OF WAIVING PARTY] By: Name: Title: CK# AMT. ACCT. \\ny-srvOl\990504v09\11/3/04\45l90.0Z1l00 41 - . Mechanicsburg, P A Site Development Agreement EXHIBIT H Agreement with Hampden Township AGREEMENT MADE this day of October, 2004 by and between RB Mechanicsburg Associates, LP (hereinafter "Developer") A N D Hampden Township, Cumberland County, Pennsylvania (hereinafter "Hampden"). WHEREAS, Developer is the equitable owner of a certain parcel of land situate within Hampden Township, said parcel of land being more particularly described in Exhibit "A" attached hereto (the "Property"); and WHEREAS, Developer is desirous of developing said lands under a Land Development Plan captioned Preliminary/Final Subdivision land Development Plan for RJB Mechanicsburg Shopping Center and dated June 17,2004, and last revised on July 23, 2004 (hereafter "Plan"), as the same was approved by the Board of Commissioners of Hampden on July 29, 2004, copies of which plan are marked Exhibit "B" and attached hereto; and WHEREAS, in the application to Hampden for approval of the Plan the Developer indicated its intention to construct at its sole cost and expense (including but not limited to engineering, inspection and legal expenses incurred by Hampden in connection with the Plan) all those improvements more particularly described in Exhibit "G" attached hereto (the "Improvements"); and WHEREAS, Developer has agreed to deposit with Hampden a bond with corporate surety authorized by the Pennsylvania Insurance Commission to do business in Pennsylvania, or a letter of credit, in the amount of $1,123,000.00 to guarantee the installation of the Improvements and reimbursement of Hampden for expenditures directly incurred in connection with the Improvements. WHEREAS, Lowe's Companies, Inc. ("Lowe's"), a North Carolina corporation, intends to lease and occupy the building identified as "Retail 'A'" on the Plan. The parties desire that Lowe's be deemed to be a third party beneficiary to this Agreement and be permitted to draw upon or otherwise obtain the financial security that is to be provided by Developer under this Agreement to secure the construction of the Improvements. \\ny-srvOI\990504v09\11l3/04\45190.021100 42 . . MechanicsbuTg, PA Site Development Agreement NOW, THEREFORE, IT IS AGREED: 1. Developer covenants, promises and agrees to build. construct and install all Improvements in accordance with the specifications of Hampden Township and in the manner provided and approved by said Township, on or before the 15th day of June, 2006, time being of the essence of this agreement. 2. Developer shall enter into contract(s) with such person or persons necessary to construct the Improvements. Developer shall notify Hampden promptly thereafter (1) that it has contracted for the construction of improvements, (2) specify an improvement construction schedule, (3) provide a schedule of job site meetings (no less than monthly), and (4) the name and address of the contractor and the Supervisor of the work for the contractor. The contract between Developer and his contractor shall contain a provision that the construction or installation is subject to the inspection and approval of Hampden. 3. Developer concurrently delivers to Hampden its Bond with corporate surety, a surety registered with the Pennsylvania Insurance Commission, in the amount of $1,123,000.00. The amount of financial security required shalf be based upon an estimate of the cost of competition of the required Improvements, submitted by the Developer and prepared by a Professional Engineer licensed as such in this Commonwealth and certified by such Engineer to be a fair and reasonable estimate of such cost, which estimate has been approved by the Township Engineer and is attached hereto as Exhibit "cn and is equal to 110% of the cost of completion estimated as of 90 days following the date scheduled for completion by the Developer. The terms and conditions of the Bond are that if (a) the Developer will and truly and faithfully comply with and perform the terms of this agreement, including the construction of Improvements on or before June 15,2006, in the manner provided and approved by Hampden and (b) Developer shall indemnify completely, defend and save harmless Hampden, its officers, agents and employees from any and all costs and damages which Hampden, its officers, 'agents and employees may sustain or suffer by reason of Developer failing to adequately and properly perform the terms and conditions of this contract, including the construction of the Improvements, then the Bond shall be void; otherwise, this Bond shall remain in force and effect. In lieu of a corporate surety bond, Hampden will accept an Irrevocable Letter of Credit (in form and substance to be approved by Hampden) from a local institution on the Developer's behalf on the same terms and conditions as said bond in the amount of $1,123,000.00, which sum and Letter of Credit shall be posted as security for performance of this agreement, including the construction of the Improvements in a manner approved by Hampden. Lowe's shall be named as a beneficiary under the Bond or Letter of Credit that Developer provides pursuant to Paragraph 3 of this Agreement. In the event Developer shall fail to construct the Improvements in accordance with the terms of this Agreement, Hampden may, at its option and subject \\ny-srvOI\990504v09\11I3/04\45190,021100 43 <- # Mechanicsburg, PA Sile Developmenl Agreemenl to Lowe's rights under Paragraph 20, construct said Improvements at the Developer's expense, in which event the funds represented by and posted through said Bond or Letter of Credit shall be used to reimburse Hampden for the costs of such construction and its reasonable necessary ancillary expenses. In the event the funds secured by said Bond or Letter of Credit shall not be sufficient to satisfactorily construct the Improvements or reimburse Hampden for its cost and expense to construct the same, Hampden may file an appropriate legal action against Developer based upon this agreement for the balance of the funds required to so construct the Improvements or reimburse Hampden for the same. 4. As the work of installing the required Improvements proceeds, the party posting the financial security may request that the Township release or authorize the release, from time to time, such portions of the financial security which represents that cost of the portion of the work upon the Improvements that has been completed in accordance with the Plan. Any such request shall be in writing addressed to the Township Engineer, and the Township Engineer shall have 45 days from receipt of such request within which to allow the Township Engineer to certify in writing to the Board of Commissioners that such portion of the work upon the Improvements has been completed in accordance with the Plan. Upon such certification the Township snail authorize release by the bonding company or lending institution of an amount as estimated by the Township Engineer fairly representing the value of the Improvements completed or, if the Board of Commissioners fails to act within said 45 day period, the governing body shall be deemed to have approved the release of funds as requested. The Board of Commissioners may, prior to final release at the time of completion and certification by its Engineer, require retention of 10% of the estimated cost of the aforesaid Improvements. 5. Intentionally deleted. 6. Hampden shall designate an Engineer to review development plans and specifications for the Improvements. An escrow account shall be established by the Developer as provided for in the Land Development Ordinance, and as adopted by the Board of Commissioners from time to time. 7. During construction, Hampden shall designate an inspector to determine whether the Improvements are being made in accordance with the Plan and all applicable Hampden Township ordinances and specifications. It shall be the duty of the Developer to request scheduling 2 working days prior to the desired inspection. Lack of inspection does not constitute approval. Hampden shall do all things necessary to assure the timely arrival of its inspector at the site of the Improvements following notice by the Developer. 8. All construction shall be in accordance with the construction plans and Hampden Township Ordinances. If a conflict exists between the plans and ordinances, the stricter of the two will be used. \ \ny-srvO 1 \990 504 v09\ 11/3/04\4 5190. 021100 44 . . Mechanicsburg, PA Site Development Agreement 9. All erosion and sedimentation controls shall be installed in accordance with the approved Plan and 9512 of the Land Development Ordinance prior to any other construction activity occurring at the site. The erosion and sedimentation controls will be properly maintained until all disturbed areas have become stabilized. This shall include all stormwater conveyance controls (such as detention ponds, swales, piping, etc.). It is the Developer's responsibility to stabilize the swales and detention facilities, 10. Developer shall convey by Deed of Dedication all streets, alleys, roads, courts, avenues, drives, public ways, park areas, and other improvements that are designated on the Plan for public dedication (the "Dedicated Improvements"). 11 . Developer shall grant and convey by Deed of Dedication easements for rights-of-way (including maintenance) desired by Hampden for all sewer and water lines and telephone and electric facilities, bikeways and drainage ways shown on the Plan. In the event easements are required from third parties, it shall be the duty of the Developer to obtain them at his sole cost and expense. 12. Upon completion of the Improvements and before acceptance by Hampden Township, owner shall deposit with Township a maintenance Bond or Letter of Credit equal to 15% of the total cost of Improvements to ensure repair of defective c~mditions appearing in said Improvements within and for a period of eighteen (18) months from the date of acceptance' thereof by said Township, in form and with sufficient surety acceptable to said Township, conditioned that if said Improvements are in satisfactory condition by Township standards at the end of such maintenance period (18 months), then said bond or Letter of Credit to become null and void, otherwise to remain in full force and effect until all defective conditions are remedied to Township's specifications. 13. Upon the satisfactory completion and final inspection of the Dedicated Improvements, delivery of the appropriate Deeds of Dedication, their recording fees and the delivery of Maintenance Bonds or Letter of Credit, Hampden agrees to accept the Dedicated Improvements and to operate and/or maintain them. 14. Inspections required during construction: A. Erosion and sedimentation control, prior to any other earth moving activity occurring. B. Road inspections (for roads to be dedicated to Township): (1) Road sub-base shall be inspected prior to the base (stone) being installed. Contractor shall provide a vibrator roll for inspection. (2) Road base shall be inspected prior to the surface (10-2 \\ny-srvO I \990504v09\1 1/3/04\45190,021 I 00 45 " Mechanicsburg, PA Site Development Agreement Binder) being installed. (3) Road binder shall be inspected prior to the wearing surface being installed. 15, Flushing of all storm sewers will be required prior to the dedication of public improvements. This requirement may be waived by the Township Engineer if a problem does not exist. 16. Special items of concern: A. If the construction bond or Letter of Credit is to expire, the Developer will provide a Renewal of Guarantee to the Township within five (5) days prior to the expiration or the Township will take the necessary steps to cash the bond or letter of Credit. B. Any roadway repairs/cuts after binder surface has been installed shall be backfilled with stone aggregate and compacted in 6" lifts. C. The Developer is responsible to correct any unforeseen physical conditions that create a public safety hazard and occur on the Property as a result of development of the Property pursuant to the Plan. Developer will correct such conditions at Developer's expense and in a good and workmanlike manner. 17. Penalties A. A stop work order may be issued by the Township whenever any provision of this agreement is broken. 18 The Developer shall cause its contractors or subcontractors to obtain and maintain liability and other insurance coverage and furnish certificates of insurance as required by the Township. 19. In addition to the aforesaid requirements, the Developer agrees that it will at its own expense: A. Pay to the Township any fees required for entering into this Agreement and for fees and other expenses such as, but not limited to, the payment for Engineers (Township or Authority), applications and approvals, as may be required by the ordinances and regulations of the Township and of the Authority of the Township of Hampden, B. Connect any underground springs or other waters encountered during construction to the proposed storm sewers, or if necessary in the opinion of the Township Engineer, connect to the proper outlet. \\ny-srvOl \990504v09\1 \l3/04\45190,0211 00 46 . . Mechanicsburg, P A Site Development Agreement C. During construction, the Developer shall police the construction area daily, keeping it free and clear of all rubbish, refuse, brush and debris; the Developer will accumulate said material and deposit the same in an area specified by the Township representative until such time as the accumulated matter is removed from the site by the Developer; he shall contain such matter in such a manner so that it will not become wind-blown spread, or otherwise become a nuisance. All soil washed or carried onto public streets during construction shall be cleaned up each day. Upon completion of the construction, the Developer shall remove from the site and dispose of all brush, rubbish, refuse and debris, leaving the area free and clear of same. D. Remove all temporary buildings or structures within one month after completion of the Improvements. 20. The parties understand and agree that Lowe's is an intended third party beneficiary of this Agreement. In the event that Developer fails to construct the Improvements in accordance with the terms of this Agreement, Hampden shall provide to Developer and Lowe's written notice of such violation (the "Hampden Notice"). If Developer fails to cure such violation within fifteen (15) days after receiving the Hampden Notice (or, if such failure reasonably cannot be cured within fifteen (15) days, Developer has not diligently pursued such cure), then Lowe's may elect to construct said Improvements by providing to Hampden and Developer written notice of its election to cure such failure (the "Lowe's Notice"). Such Lowe's Notice shall be provided within twenty-five (25) days after the Township provides to Lowe's and peveloper written notice of Developer's failure to cure the violation described in the Hampden Notice. If Lowe's (i) fails to provide the Lowe's Notice to Hampden within such twenty-five (25) day period or (ii) notifies Hampden in writing that it elects not to cure such violation or (iii) fails to diligently pursue such cure, then Hampden may elect to draw upon or otherwise obtain funds from the Bond or Letter of Credit pursuant to Paragraph 3 of this Agreement for purposes of constructing the Improvements. If Lowe's elects to cure such violation in accordance with this Paragraph 20, Lowe's also shall be deemed to be the Developer under this Agreement, and any work performed by Lowe's or at Lowe's direction shall be performed in accordance with the terms of this Agreement. As the work of installing the required Improvements proceeds, Lowe's may request that, in accordance with Paragraph 7 of this Agreement, the inspector inspect such portion of the Improvements that has been completed and certify that such portion has been completed in accordance with the Plan. Upon such certification, funds in the amount equal to the cost of constructing and completing such certified portion of the Improvements shall be paid and released from the Letter of Credit or Bond directly to Lowe's. \ \ny-sIVO 1 \990504 v09\ 1113/04\45 190,021100 47 , I Mechanicsburg, PA Site Development Agreement THIS AGREEMENT shall be binding upon the heirs, executors, administrators, successors and assigns of Developer and Hampden and shall inure to the benefit of the parties hereto, and to Lowe's, and their respective successors and assigns. DEVELOPER ATTEST HAMPDEN TOWNSHIP Secretary Chairman \\ny-srvO I \990504v09\1 1/3/04\45190.02 I I 00 48 P -'0. ~ lI\ N ~ n ,......, c::., r'-~, ~ C." +:,:: ~~:) '..-./ 1\- Cf", H,j -C' (-'j :-,J ( J h'i vt -. """- ~ I-'~ ~ - -- \Y ex, ~ r-- --.,,",, ~ ~ ~ - - . {l ..c: t '. --0 ;', ) ~:J f c.) .< ~",,,",,,,,,,,~._-,,,.-, ., ."'_."~--,...,----- - , ' HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T, SHOEMAKER, ESQ, IDENTIFICATION NO, 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston, PA 18704 (570) 287-3000 TAMMAC CORPORATION, now by assignment, T AMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs. CIVIL ACTION - LAW RB. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term AFFIDAVIT OF SERVICE I, James T. Shoemaker, Esquire, counsel for the plaintiff, Tammac Corporation, now by assignment, Tammac Holdings Corporation, being duly sworn according to law, depose and say as follows: 1. On October 17, 2006, I served a true and correct copy of the plaintiff's complaint upon the defendant, RB. Mechanicsburg Associates, L.P., pursuant to Pa.RC.P. No. 404(2). 2. The certified mail was received by the defendant, RB. Mechanicsburg Associates, L.P., as evidenced by the United States Postal Service form 3811, which I received on October 23,2006. A copy of the United States Postal Service form 3811 is attached hereto as Exhibit "A" and incorporated herein by reference. S. ~---. James T. Shoemaker, Esquire Sworn and subscribed to before me this 23rd day of October, 2006. " lJu1df;ff/t: ~~ NOTA PUBLIC COMMONWEP,lTtl Of PENNSYLVANIA NOT NllAl SEAl. ....."..AN t~ota"" public MARJORIE A. Z\:M,.;::.,r.,,..., . , Wllke~r..e. lUzerne county MV commission Expires N"vembef 16. 2006 741052.1 , t" ih t" 6' ~ ~ 3 '" ~ (j,) ~ z ~a'l .....3~ "T\ ~ ~ ~ c5 o t.n ~ Q:I \: o , ~ \. ~ ru I]"" "'" ru ~ --- ZCXl;t! :"' ro ...... ~o~ -<.W~ 0,< ro .... ro C'l ?'::)::s z5'~ -<. );> o' .....<C/l 0(1)0" Ole ..:. .... :.0 ~ \0 s~ -nC/l og o -. .., ro co C/l r- i) cO ~ \ '" ~ \ oo)~ \\\! i.;i.;~ ~ ~ ~ l~'o I ' :0\ \t o ~ t \ n," \ !' . . . ~ g~~l~g it' g~'5-~:i3 .... ::T a. -< .$>0 '9. ~ i'g.~g:l;~ \ ~HUi :l;o.",<II~lI) R lI)Sj!l.~!.:" i '5-3 0. or-> ~<II....~9l..l! "Oiio.~O: i%-gl~P litg.aoll)~ . g.S;:)$~ i~ ~!% .g. ti'\ ~ i <II ~ !11 ~. S. !1. .... -0 ::>. i ~ a ::;tG m~ - <: ~~ ia i:o. zl it l ~ i ~~ p o ~ 00 s,l>l iti ~ '.ll ... ...;:, 00 st 4- , HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQ. IDENTIFICATION NO, 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston, PA 18704 (570) 287-3000 T AMMAC CORPORATION, now by assignment, TAMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs. CIVIL ACTION - LAW RB. MECHANICSBURG ASSOCIATES, L.P" and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term AFFIDAVIT OF SERVICE I, James T. Shoemaker, Esquire, counsel for the plaintiff, Tammac Corporation, now by assignment, Tammac Holdings Corporation, being duly sworn according to law, depose and say as follows: 1. On October 17, 2006, I served a true and correct copy of the plaintiff's complaint upon the defendant, RB, Mechanicsburg Associates, L.P., pursuant to Pa.RC.P. No. 404(2). 2. The certified mail was received by the defendant, RB. Mechanicsburg Associates, L.P., as evidenced by the United States Postal Service form 3811, which I received on October 23,2006. A copy of the United States Postal Service form 3811 is attached hereto as Exhibit "A" and incorporated herein by refere~ -----5 James T. Shoemaker, Esquire Sworn and subscribed to before me this 23rd day of October, 2006. " r:=BfJ6J~ COMMON'NEAlTtI OF PENNSYLVANIA NOT AlZ!i1.l SEAl. ., ""-"MAN Notan' pUblic MARJORIE A. z;;~"'<,;::" ., · WIlke9-B3rre. Luzerne county My commission ExpjrellNavember 16. 2006 74]052.] of r " ~ zCX):;u :-" . . en 6' ~~ CD ...... ~ Sl?;~~S'b> ~o~ 3 -<g'3: 0 g~g:a33 ~w is" g:::::a~ ~~ U) '" z 0,< CD ~ CX) ~~ ~CD ~. a. CD;a:=E6iiiD ..... 3 i . ::l 1iI gg i US' ..... Z.....OJ :T::l !S " -< }> (')' l! -a .3 CD ::;; CD a III r::r ->.<en g (/)S'illl~"" OctlCJ 2 0, c: 'tJ c::J - ~ ->. ..., ~g:3o.c~ (0 I\J co CDID_l!t~~ I\) O?}> 'tJr::r:To.<' . 0 ..,J :Ten CD III QlmCDo. ~ CJ -nen 3~g ~~ -0 i1aao(/)~ CJ o (') Ln o -. . stct;:*~ ..., OJ ..... 10,< :T-8 I:-' CD 0:1 .en ~ ~ ~ ~.a 'if ru r '5' < - "0 - CD !a 3 0 ~ m 10 it c;- o :D 0 ~ 0 Ln 3 i~~ I. , P !l' I, ru :::;;ur :D .&: rn~ 2 IT' a 81 [ ru 8. [I " ~~ [ IT' it .!l ..,J ~ ~ ~ ....... ru ! = ~ I:-' ::l i ~iD <1l a. [ -< ;:Ji ~i ~ j'9!f P3j ! ~ ~ ~ :D g l~ ~~ "!a. ~ P ~ 0' .." C ~ 0 ., DO ft DO tJ1 3: <D i !t tJ1 i &~ ~~ 6 ~ ~o.CD - ii a '" ,. ~ ~ o c:: ~-: %~~~ u", l;:~ -~2,- ~~; ::i ......, = = 0'" o CJ --I ('..) ~ o -n ~-r\ rnp -r- rTl ~,,-10 ~?!S;l ;.J:::.. :::-~~ ",,;:;,(} :5(n --\ ~~ 5J -< -c:: N \.tJ . ~;~ 105_ A ILIAB\DLCARMELITE\LLPG\239227'JMP ARR\25600\50000 TAMMAC CORPORATION, now by assignment, T AMMAC HOLDINGS CORPORATION, Plaintiff v. R.B, MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA NO. 06-6015 - Civil Term JURY TRIAL DEMANDED ENTRY OF APPEARANCE TO THE PROTHONOTARY: Kindly enter the appearance of the undersigned as counsel on behalf of Defendant, Mayer Pollock Steel Corporation, only, with respect to the above-referenced matter. DATE,/2_ C; -- t6 BY: AL . CARMELITE, J.D. o. 84730 4200 Crums Mill Road, Suite B Harrisburg, PA 17112 (717) 651-3504 Attorney for Defendant, Mayer Pollock Steel Corporation I. -. ... TAMMAC CORPORATION, now by assignment, TAMMAC HOLDINGS CORPORATION, Plaintiff IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA v. NO. 06-6015 - Civil Term R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants JURY TRIAL DEMANDED CERTIFICATE OF SERVICE I, Joanne M. Parr, an employee of Marshall, Dennehey, Warner, Coleman & Goggin, do ~ hereby certify that on this ~ day of December 2006, served a copy of the foregoing document via First Class United States mail, postage prepaid as follows: James T. Shoemaker, Esquire Hourigan, Kluger & Quinn 600 Third Avenue Kingston, PA 18704 R.B. Mechanicsburg Associates, L.P. c/o RD Management Corporation 810 Seventh Avenue, 28th Floor New York, NY 10019 ~~ ",,2~ Joanne Parr r-..) = = c::n CJ ,.." ("'") I co o ." ~-n nl-- -oF;; :U1.ofJ 0(0\.) ;::~1"::'fl (~~: -..".... ... (3m j;! :::q ...... J;n ::r: N 00 . , '\t HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQ. IDENTIFICATION NO. 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston, PA 18704 (570) 287-3000 T AMMAC CORPORATION, now by assignment, T AMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs. CIVIL ACTION - LAW RB. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term 1 0 DAY NOTICE OF PRAECIPE TO ENTER JUDGMENT BY DEFAULT TO: Richard J. Birdoff RB, Mechanicsburg Associates, L.P. c/o RB. Management, LLC 810 Seventh Ave 28th Floor New York, NY 10019 Date of Notice: December 11. 2006 IMPORTANT NOTICE Pursuant to PA RCP 237,5 YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO ENTER A WRITTEN APPEARANCE PERSONALLY OR BY A TIORNEY AND FILE IN WRITING WITH THE COURT YOUR DEFENSES OR OBJECTIONS TO THE CLAIMS SET FORTH AGAINST YOU. UNLESS YOU ACT WITHIN TEN (10) DAYS FROM THE DATE OF THIS NOTICE, A JUDGMENT MAY BE ENTERED AGAINST YOU WITHOUT A HEARING AND YOU MAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. 741052.1 . - YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW. THIS OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE. CUMBERLAND COUNTY BAR ASSOCIATION 32 South Bedford Street Carlisle, PA 17013 (717) 249-3166 -or- PENNSYLVANIA LAWYER REFERRAL SERVICE P.O. Box 1086, 100 South St. Harrisburg, PA 17108 (Pennsylvania residents phone: 1-800-692-7375; out-of-state residents phone: 1-717-238-6715) HOURIGAN, KLUGER & QUINN, P.C. BY: ~5 James T. Shoemaker, Esquire 1.0. No.: 63871 Counsel for the plaintiff, Tammac Holdings Corporation 600 Third Avenue Kingston, PA 18704 (570) 287-3000 (570) 287-8005 741052,1 4 , ~ HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQ. IDENTIFICATION NO. 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston. PA 18704 (570) 287-3000 TAMMAC CORPORATION, now by assignment, TAMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs. CIVIL ACTION - LAW R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term CERTIFICATE OF SERVICE I, James T. Shoemaker, Esquire, hereby certify that I am serving upon the defendants a true and correct copy of the plaintiff's 10 day notice of praecipe to enter judgment by default, by depositing said document in the United States mail, first class, postage pre-paid, addressed as follows: Donald L Carmelite Esquire Marshall Dennehey Warner Coleman & Goggin 4200 Crums Mill Road Suite B Harrisburg PA 17112 Richard J. Birdoff R.B. Mechanicsburg Associates, L.P. c/o R.B. Management, LLC 810 Seventh Ave 28th Floor New York, NY 10019 HOURIGAN, KLUGER & QUINN, P,C. BY: ~5-- James T. Shoemaker, Esquire 1.0. No.: 63871 Counsel for the plaintiff, Tammac Holdings Corporation 600 Third Avenue Kingston, PA 18704 (570) 287-3000 (570) 287-8005 Date: December 11, 2006 747778.1 ~ = c::r- c::J '" ('"") f~_ ~~\ ,-<. - ~ :14"\ rl1r:: -n rT\ ":'lY ..~:~ ~;~ ~ "1_ ~--'{ '\ ;i~~~ .-\ -\::- ~ N -0 ~ r:? o TAMMAC CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff v, NO. 06-6015 Civil Term R. 8, MECHANICSBURG ASSOCIATES L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants R. B. MECHANICSBURG ASSOCIATES L.P.'S PRELIMINARY OBJECTIONS TO PLAINTIFF'S COMPLAINT Defendant, R.B, Mechanicsburg Associates L.P., by and through its attorneys, McNees Wallace & Nurick LLC, files the following Preliminary Objections to Plaintiffs Complaint: 1. On October 16, 2006, Plaintiff Tammac Corporation ("Plaintiff') filed a complaint in the above-captioned matter against Defendant R.B. Mechanicsburg Associates L.P. ("R.8, Mechanicsburg") and Defendant Mayer Pollock Steel Corporation ("Mayer Pollock"). 2. The Complaint alleges that Mayer Pollock demolished a mobile home belonging to Anthony Cole and Cathy Cole that served as collateral for a note in favor of Plaintiff. See Complaint, generally, Preliminary Objection pursuant to Pa. R. Civ. P. l028(a)(4) 3. R.B. Mechanicsburg incorporates herein by reference paragraphs one (1) and two (2) above, 4. Pa. R. Civ. P. 1028(a)(4) provides that a preliminary objection may be filed asserting the legal insufficiency of a pleading. .... 5. Plaintiffs Complaint fails to allege that R.B. Mechanicsburg demolished the collateral at issue, that R, B. Mechanicsburg breached any duties owed to Plaintiff, or that R.B. Mechanicsburg acted negligently. 6. Plaintiffs Complaint fails to allege facts sufficient to state a legally cognizable claim against R,B, Mechanicsburg. WHEREFORE, Defendant R.B, Mechanicsburg requests that its preliminary objection be sustained and that Plaintiffs claims against R.B. Mechanicsburg be dismissed as legally insufficient. Preliminary Objection pursuant to Pa. R. Civ. P. 1028(a)(2) and (a)(4) 7, R.B. Mechanicsburg incorporates herein by reference paragraphs one (1) through six (6) above, 8, Pa. R. Civ. P. 1 028(a)(2) provides that a preliminary objection may be filed asserting that a pleading contains impertinent matter. 9, Pa, R. Civ. P. 1028(a)(4) provides that a preliminary objection maybe filed asserting the legal insufficiency of a pleading. 10. Plaintiffs Complaint contains a demand for recovery of reasonable attorneys' fees. 11. Under Pennsylvania law, attorneys' fees are recoverable only pursuant to statute or contract. 12. Plaintiffs Complaint fails to assert any contractual or statutory basis for recovery of attorneys' fees. 13, The facts alleged in the Complaint do not support Plaintiffs claim for recovery of attorneys' fees, 2 14. Plaintiffs demand for recovery of reasonable attorneys' fees is impertinent as it is unsupportable by Pennsylvania law, WHEREFORE, Defendant R.B. Mechanicsburg requests that its preliminary objection be sustained and that the demand for recover of attorneys' fees be dismissed and stricken from the Complaint. McNEES WALLACE & NURICK LLC By Kl ber! . Colonna LD. No. 80362 100 Pine Street P.O. Box 1166 Harrisburg, P A 17108 ph, (717) 232-8000 fax (717) 237-5300 Attorneys for Defendant R,B, Mechanicsburg Associates L.P. Dated: December 19, 2006 3 CERTIFICATE OF SERVICE The undersigned certifies that a true and correct copy of the foregoing was served this date first class mail, postage prepaid, upon the following: James T. Shoemaker, Esq. Hourigan, Kluger & Quinn, P.C. 600 Third Ave, Kingston, P A 18704 Attorney for Plaintiff Donald L. Carmelite, Esq. Marshall Dennehey Warner Coleman & Goggin 4200 Crums Mill Road Suite B Harrisburg, P A 17112 Attorney for Mayer Pollock Steel Corporation ~.~J~ Kim erly . Colonna Dated: December 19, 2006 SHERIFF'S RETURN - OUT OF COUNTY CASE NO: 2006-06015 P COMMONWEALTH OF PENNSYLVANIA: COUNTY. OF CUMBERLAND TAMMAC CORPORATION ET AL VS R B MECHANICSBURG ASSOC ET AL R. Thomas Kline , Sheriff or Deputy Sheriff who being duly sworn according to law, says, that he made a diligent search and and inquiry for the within named DEFENDANT , to wit: MAYER POLLOCK STEEL CORPORATION but was unable to locate Them in his bailiwick. He therefore deputized the sheriff of MONTGOMERY County, Pennsylvania, to serve the within COMPLAINT & NOTICE On October 27th , 2006 , this office was in receipt of the attached return from MONTGOMERY Sheriff's Costs: Docketing Out of County Surcharge Dep Montgomery Co Postage 6.00 9.00 10.00 33.00 4.05 62.05 .,/ ~ It /()'l/oG. 10/27/2006 HOURIGAN KLUGER QUINN R. Thomas Kl ne Sheriff of Cumberland County Sworn and subscribe to before me day of this A.D. R, THOMAS KLINE Sheriff EDWARD L. SCHOR?? Solicitor OFFICE OF THE SHERIFF On~ Courthouse Square Carlisle, Pennsylvania 17013 TO: RONNY R. ANDERSON Chief Deputy JODY S, SMITH Real Estate Deputy o en C) ::::0 ~ fT1 n co [f1 -0 < 3l: fT': '""Q - . r'V r'.' > f 'c ~,_.,I N .:::- Hon. John durante Montganery County Sheriff RE: Tanrnac cOrporation VS RB Mechanicsburg Associates LP et al 06-6015 civiJ. ... Very truly yours, r~"~~<~ ' R. Thomas Kline, Sheriff Cumberland County) Pennsylvania ~ar Sheriff: Enclosed please find Notice and Canplaint to be served upon Mayer Pollock Steel Corporation South Keirn Street Pottstown, PA 19464 , in your County. ....-\~' -<- n -\nc- ~~ PERSON SE~ -- ~,~,-'.... RELA110N I PO~mON yl <... PlACE OF SERVICE As CI V6-1 ,..- ltME Of SER'v1CE }2t3~ I 0 ~I <t -O<...D . DATE OF SERVICE I NUMBER Of ATTEMPTS DEPutY _ 37 DEPUTY _, "'-. lAST DAY OF SERVICE I , · 1.5 () ~ return of service. .~ - C J~/() In The Court of Common Pleas of Cumberland County, Pennsylvania TAMMAC'Corporation vs. RB Mechanicsburg Associates et al SERVE: Mayer Pollock Steel Corporation 06-6015 civil No. Now, October 17, "2006 , I, SHERIFF OF CillvIBERLAND COUNTY, P A, do hereby deputize the Sheriff of Montganery County to execute this Writ, this deputation being made at the request and risk of the Plaintiff. r~~ Sheriff of Cumberland County, P A Affidavit of Service ,20_, at 0' clock M. served the Now, within . upon . at by handing to a copy of the original and made known to the contents thereof. So answers, Sheriff of County, PA Sworn and subscribed before me this _ day of ,20_ COSTS SERVICE WLEAGE AFFIDAVIT $ $ SHERIFF'S RETURN PROTHONOTARY C- 3810 DEFENDANT: Mayer Pollock Steel Corporation DOCUMENT SERVED: Civil INDIVIDUAL SERVED: Tina Tomkins RELATIONSHIP TO DEFENDANT: Person In Charge DATE AND PREVAILING TIME: Oct. 19,2006 @ 12:05 LOCATION: South Keim Street, Pottstown, P A 7~ ~ ~~ ItUU ~ H de ~""e u It" ~ tutd ~ u" de ~ tJj ~, ~ tJj 1JelUt4f!q41t/4,. "'~ uJ, ~ ~ flU, H dU ~ 46 41UfHIU. NOTARIAL SEAL PATRICIA A GIAMBRONE Notary Public taRIS10WN BOROUGH, MONT~ COONf'( My Ct:Jmrnssioo Expies o.;,c. 13, 200& SHERIFF'S RETURN - U.S. CERTIFIED MAIL ~ CASE NO: 2006-06015 P COMMON~EALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND . TAMMAC CORPORATION ET AL VS. R B MECHANICSBURG ASSOC ET AL R. Thomas Kline , Sheriff of Cumberland County, Pennsylvania, who being duly sworn according to law served the within named DEFENDANT ,R B MECHANICSBURG ASSOCIATES LP by United States Certified Mail postage prepaid, on the 17th day of October ,2006 at 0000:00 HOURS, at 810 SEVENTH AVENUE 28TH FLOOR NEW YORK, PA 10019 I a true and attested copy of the attached COMPLAINT & NOTICE Together with The returned receipt card was signed by L FLAGLE 10/19/2006 on Additional Comments: Docketing Service Affidavit Surcharge 18.00 7.52 .00 10.00 .00 35.52 vCf- /1/DQ/04 .;.-' Sheriff's Costs: ine //,/ cu~;land County Paid by HOURIGAN KLUGER QUINN on 10/27/2006 . Sworn and Subscribed to before me this day of A.D. 8. .......... ~1IIIed M8II 0 ElqlMa MeII o Reg1aNltd 0 Return ReceIpt for Meroh8ndIee D IntUNd Mall D C.O.D. 4. RestrIcted DeIlvery? (Ext1a Fee) 0 Yes 7005 1160 0002 1107 7640 06-6015 civil 1. Artk:Ie Adell! III rJ to: RB Mechanicsburg Associates LP 810 ~th Avenue 28th Floor New YorK" NY 10019 ~ ~ ,- 2., . P. "~""~fromltan ? If VES. ... dIIvery ....... below: 0 No PS Fonn 3tJ11,.~2ClO4 ,,~ c....Ii: RIIum ....... 102595-02-M.1540 HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQ. IDENTIFICATION NO. 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston, PA 18704 (570) 287-3000 T AMMAC CORPORATION, now by assignment, TAMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff VS. CIVIL ACTION - LAW R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term PLAINTIFF'S ANSWER TO RB. MECHANICSBURG ASSOCIATES. L.P.'S PRELIMINARY OBJECTIONS TO PLAINTIFF'S COMPLAINT The plaintiff, Tammac Corporation, now by assignment Tammac Holdings Corporation ("Tammac"), by and through it's counsel, Hourigan, Kluger & Quinn, P,C" hereby submits its answer to the preliminary objections filed on behalf of the defendant, RB. Mechanicsburg Associates, L.P. ("RB."), as follows: 1. Admitted. 2. Denied. Tammac's complaint is a writing which speaks for itself. 3. Tammac incorporates the above paragraphs by reference pursuant to Pa, RC,P. No, 1019 (g). 4. Denied. The averments set forth in paragraph 4 of RB.'s preliminary objections are denied pursuant to Pa, RC.P. No, 1029 (d). 5. Denied. Tammac's complaint is a writing which speaks for itself. 750870.1 6. Denied. Tammac's complaint is a writing which speaks for itself. WHEREFORE, Tammac respectfully requests this Court to deny and dismiss RB.'s preliminary objections. 7. Tammac incorporates the above paragraphs by reference pursuant to Pa. RC.P. No. 1019 (g). 8. Denied. The averments set forth in paragraph 8 of RB.'s preliminary objections are denied pursuant to Pa. RC.P. No. 1029 (d). 9. Denied. The averments set forth in paragraph 9 of RB.'s preliminary objections are denied pursuant to Pa, RC.P. No. 1029 (d). 10. Admitted. 11. Denied. The averments set forth in paragraph 11 of RB.'s preliminary objections are denied pursuant to Pa, RC.P. No. 1029 (d). 12. Denied. Tammac's complaint is a writing which speaks for itself. 13. Denied. The Note and Security Agreement, which are attached to Tammac's complaint as Exhibit "A" and incorporated therein by reference, specifically provide that Tammac's reasonable attorney's fees and expenses are part of the secured indebtedness secured by the Collateral which was demolished by RB. or its agent, Mayer Pollock Steel Corporation ("Mayer"). 14. Denied. The Note and Security Agreement, which are attached to Tammac's complaint as Exhibit "A" and incorporated therein by reference, specifically provide that Tammac's reasonable attorney's fees and expenses are part of the 750870.1 secured indebtedness secured by the Collateral which was demolished by RB. or its agent, Mayer. 15. Denied. The averments set forth in paragraph 15 of RB.'s preliminary objections are denied pursuant to Pa. RC.P. No. 1029 (d). WHEREFORE, Tammac respectfully requests this Court to deny and dismiss RB.'s preliminary objections. Respectfully submitted, H~~P.C. James T. Shoemaker, Esquire 1.0, No. 63871 Counsel for the plaintiff, Tammac Holdings Corporation 600 Third Avenue Kingston, PA 18704 tel: 570-287-3000 fax: 570-287-8005 Date: January 5, 2007 750870.1 HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQ. IDENTIFICATION NO. 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston. PA 18704 (570) 287-3000 TAM MAC CORPORATION, now by assignment, TAMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs. CIVIL ACTION - LAW R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term CERTIFICATE OF SERVICE I, James T. Shoemaker, Esquire, hereby certify that I am serving upon the defendants a true and correct copy of the foregoing answer, by depositing said document in the United States mail, first class, postage pre-paid, addressed as follows: Kimberly M. Colonna, Esquire McNees Wallace & Nurick, LLC 100 Pine Street P.O. Box 1166 Harrisburg, PA 17108 Counsel for R.B. Mechanicsburg Associates, L.P. Donald L Carmelite, Esquire Marshall Dennehey Wamer Coleman & Goggin 4200 Crums Mill Road Suite B Harrisburg PA 17112 BY: HOU~UINN'P.C. ~ James T. Shoe er, Esquire I.D. No.: 63871 Counsel for the plaintiff, Tammac Holdings Corporation 600 Third Avenue Kingston, PA 18704 (570) 287-3000 (570) 287-8005 Date: January 5, 2007 750872.1 " .' HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQ. IDENTIFICATION NO. 63871 LAW OFFICES 600 Third Avenue Kingston, PA 18704 (570) 287-3000 ATTORNEY FOR PLAINTIFF TAMMAC CORPORATION, now by assignment, T AMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff V5. CIVIL ACTION - LAW RB. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term PLAINTIFF'S ANSWER TO R.B. MECHANICSBURG ASSOCIATES. L.P.'S PRELIMINARY OBJECTIONS TO PLAINTIFF'S COMPLAINT The plaintiff, Tammac Corporation, now by assignment Tammac Holdings Corporation ("Tammac"), by and through it's counsel, Hourigan, Kluger & Quinn, P.C., hereby submits its answer to the preliminary objections filed on behalf of the defendant, RB. Mechanicsburg Associates, L.P. ("RB,"), as follows: 1. Admitted. 2. Denied, Tammac's complaint is a writing which speaks for itself, 3, Tammac incorporates the above paragraphs by reference pursuant to Pa. RC,P. NO.1 019 (g). 4. Denied, The averments set forth in paragraph 4 of RB.'s preliminary objections are denied pursuant to Pa. RC.P. No. 1029 (d), 5. Denied. Tammac's complaint is a writing which speaks for itself. 750870.1 ~ i . 6. Denied. Tammac's complaint is a writing which speaks for itself. WHEREFORE, Tammac respectfully requests this Court to deny and dismiss RB.'s preliminary objections, 7. Tammac incorporates the above paragraphs by reference pursuant to Pa. RC.P. No. 1019 (g). 8. Denied. The averments set forth in paragraph 8 of RB.'s preliminary objections are denied pursuantto Pa. RC.P, No, 1029 (d), 9, Denied. The averments set forth in paragraph 9 of RB.'s preliminary objections are denied pursuant to Pa. RC,P. No. 1029 (d). 10. Admitted. 11. Denied. The averments set forth in paragraph 11 of RB.'s preliminary objections are denied pursuant to Pa. RC.P. No, 1029 (d), 12. Denied, Tammac's complaint is a writing which speaks for itself, 13, Denied. The Note and Security Agreement, which are attached to Tammac's complaint as Exhibit "A" and incorporated therein by reference, specifically provide that Tammac's reasonable attorney's fees and expenses are part of the secured indebtedness secured by the Collateral which was demolished by RB, or its agent, Mayer Pollock Steel Corporation ("Mayer"), 14. Denied. The Note and Security Agreement, which are attached to Tammac's complaint as Exhibit "A" and incorporated therein by reference, specifically provide that Tammac's reasonable attorney's fees and expenses are part of the 750870.1 ,- 'i secured indebtedness secured by the Collateral which was demolished by RB. or its agent, Mayer. 15, Denied. The averments set forth in paragraph 15 of RB.'s preliminary objections are denied pursuant to Pa. RC.P. No. 1029 (d). WHEREFORE, Tammac respectfully requests this Court to deny and dismiss RB.'s preliminary objections. Respectfully submitted, H~~P.C. James 1. Shoemaker, Esquire 1.0. No. 63871 Counsel for the plaintiff, T ammac Holdings Corporation 600 Third Avenue Kingston, PA 18704 tel: 570-287 -3000 fax: 570-287 -8005 Date: January 5, 2007 750870.1 ". . . HOURIGAN, KLUGER & QUINN A PROFESSIONAL CORPORATION BY: JAMES T. SHOEMAKER, ESQ. IDENTIFICATION NO. 63871 ATTORNEY FOR PLAINTIFF LAW OFFICES 600 Third Avenue Kingston, PA 18704 (570) 287-3000 TAMMAC CORPORATION, now by assignment, TAMMAC HOLDINGS CORPORATION, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY Plaintiff vs. CIVIL ACTION - LAW R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants NO. 06-6015 Civil Term CERnFICATE OF SERVICE I, James T. Shoemaker, Esquire, hereby certify that I am serving upon the defendants a true and correct copy of the foregoing answer, by depositing said document in the United States mail, first class, postage pre-paid, addressed as follows: Kimberly M. Colonna, Esquire McNees Wallace & Nurick, LLC 100 Pine Street P.O. Box 1166 Harrisburg, PA 17108 Counsel for R.R Mechanicsburg Associates, L.P. Donald L Carmelite, Esquire Marshall Dennehey Wamer Coleman & Goggin 4200 Crums Mill Road Suite B Harrisburg PA 17112 BY: HOURIGA~UINN, P.C. ~ James T. Shoe er, Esquire I.D. No.: 63871 Counsel for the plaintiff, T ammac Holdings Corporation 600 Third Avenue Kingston, PA 18704 (570) 287-3000 (570) 287-8005 Date: January 5, 2007 750872.1 ('") ......, ~ = C'" <::) ""'7'=""' --.I uf,~i <- ~:o ITlr; > Z,:,y-: ::z: ~~ ~;l:: , co r- <:: -0 'r I :::C:r..,..- ., b:!;J A71~ :J: 70 ~-(~\ J> (~~ ~ '5 rtl ~ ~ 0 ~ w -< , .. \05_ A \LIAB\DLCARMELITE\LLPG\247184IJMP ARR\25600\OO158 T AMMAC CORPORATION, now by assignment, T AMMAC HOLDINGS PENNSYLVANIA CORPORATION, Plaintiff IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, v. NO. 06-6015 - Civil Term R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants JURY TRIAL DEMANDED PRAECIPE TO SETTLE. DISCONTINUE & END CASE TO: PROTHONOTARY Cumberland County, Pennsylvania Kindly mark the above-referenced matter as SETTLED, DISCONTINUED and ENDED. Respectfully submitted, HOURIGAN, KLUGER & QUINN DATE: 03/1'" /U 7 BY: ,.~ <.../ --~' JAMES T. SHOEMAKER, ESQUIRE 600 Third Avenue Kingston, P A 18704 (570) 287-3000 Attorney for Plaintiff j . ~. TAMMAC CORPORATION, now by assignment, TAMMAC HOLDINGS CORPORATION, Plaintiff IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA v. NO. 06-6015 - Civil Term R.B. MECHANICSBURG ASSOCIATES, L.P., and MAYER POLLOCK STEEL CORPORATION, Defendants JURY TRIAL DEMANDED CERTIFICATE OF SERVICE I, Joanne M. Parr, an employee of Marshall, Dennehey, Warner, Coleman & Goggin, do hereby certify that on this ~~ day of April 2007, served a copy of the foregoing document via First Class United States mail, postage prepaid as follows: James T. Shoemaker, Esquire Hourigan, Kluger & Quinn 600 Third Avenue Kingston, PA 18704 Kimberly M. Colonna, Esquire McNees, Wallace & Nurick 100 Pine Street PO Box 1166 Harrisburg, P A 17108-1166 ~w, \1\, ~~'>\,. Jo . Parr o ~ l'....;) = = --' ::J>o -0 ;:;0 I c.n o -0 --i ;r:l '"I -n I -'.,~ ,.. -<(J D'J 2~~.\ ~~~! ~~ ;;'::;;fT1 :'=i ? .D -< -0 ::n; N .. w