NORTHERN TECHNOLOGIES INTERNATIONAL CORP
EXHIBIT 10.5
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>nt110590ex105.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
<html>

<head>
<title></title>
</head>

<body bgcolor="white">




<p  align=right><font size="2" face="Times New Roman"><b>EXHIBIT 10.5</b></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>QUALIFIED EXCHANGE ACCOMMODATION AGREEMENT</b></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>(REPLACEMENT PROPERTY HOLD)</b></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>EXCHANGE NO. 380271R-A</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS QUALIFIED EXCHANGE ACCOMMODATION AGREEMENT (&#147;QEAA&#148;) IS MADE AND ENTERED INTO AS OF MAY 5, 2006 BY AND BETWEEN NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION, A MINNESOTA CORPORATION (&#147;EXCHANGOR&#148;) AND NORTHERN TECHNOLOGIES HOLDING COMPANY, LLC, A MINNESOTA LIMITED LIABILITY COMPANY (&#147;EAT&#148;).</font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b><u>RECITALS</u></b></font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p>
<font size="2" face="Times New Roman">A.</font></p>  </td>
  <td width="95%" valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor presently owns   for investment purposes or for use in its trade or business certain property   (&#147;Currently Held Property&#148;) which Exchangor intends to identify as   relinquished property, and/or Exchangor has disposed of as relinquished   property certain property that Exchangor owned for investment purposes or   used in Exchangor&#146;s trade or business (&#147;Formerly Held Property&#148;).</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">B.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor has transferred   or intends to transfer some or all of the identified Currently Held Property   and/or Formerly Held Property (the &#147;Relinquished Property&#148;) to one or more   third party buyers (the &#147;Transferees&#148;) pursuant to one or more purchase and   sale agreements to be entered into between Exchangor and the Transferee or   Transferees (each such agreement being referred to herein as a &#147;Relinquished   Property Transfer Agreement&#148;).&#160;   Exchangor has advised EAT that it intends to dispose of the   Relinquished Property through a qualified intermediary (the &#147;QI&#148;) within the   meaning of Treasury Regulation (&#147;Treas. Reg.&#148;) Section 1.1031(k)-1(g)(4) for   the purpose of effectuating a like-kind exchange (the &#147;Exchange&#148;) within the   meaning of Section 1031 of the Internal Revenue Code of 1986, as amended (the   &#147;Code&#148;).&#160; Pursuant to the Exchange,   Exchangor and QI will enter
into an Exchange Agreement (the &#147;Exchange   Agreement&#148;).&#160; First American Exchange   Company, LLC will act as the QI in connection with the Exchange.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">C.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">EAT is willing to   cooperate with and assist Exchangor and the QI in completing the Exchange   upon the terms and conditions provided herein.&#160; To that end, EAT will act as an &#147;Exchange Accommodation   Titleholder&#148; as that term is defined in Internal Revenue Service Revenue   Procedure 2000-37, 2000-40 I.R.B. 1 (September 15, 2000)(&#147;Rev. Proc.   2000-37&#148;). Exchangor has entered into a purchase and sale agreement   (&#147;Replacement Property Purchase Agreement&#148;) to acquire replacement property   commonly known as 22 Village Parkway, Circle Pines and located in the County   of Anoka, State of Minnesota&#160;   (&#147;Replacement Property&#148;) more particularly described in Exhibit &#147;A,&#148;   attached hereto and made a part hereof, from the seller of such property   (&#147;Seller&#148;). Exchangor is contemporaneously herewith assigning Exchangor&#146;s   rights under the Replacement Property Purchase Agreement to EAT pursuant
to   which assignment EAT will acquire from Seller the Replacement Property.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">D.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">EAT is also willing to   lease the Replacement Property to Exchangor or an affiliate thereof pursuant   to a lease in form and substance acceptable to EAT (&#147;Lease&#148;).&#160; If improvements are to be constructed on   the Replacement Property, EAT is willing to enter into a Construction   Management Agreement in form and substance acceptable to EAT (the   &#147;Construction Management Agreement&#148;).&#160;   The Lease and/or Construction Management Agreement are to be executed   concurrently with the execution of this QEAA.&#160; The improvements to be constructed on the Replacement Property   shall be referred to herein as the &#147;Replacement Property Improvements.&#148;&#160; As used in this Agreement, the Replacement   Property shall include the Replacement Property Improvements that are   constructed on the Replacement Property by or on behalf of EAT during the   Parking Period, as defined below, in accordance with the Code and Rev. Proc
2000-37.</font></p>  </td>
 </tr>
</table>


<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p>
<font size="2" face="Times New Roman">E.</font></p>  </td>
  <td width="95%" valign="top">
  <p>
<font size="2" face="Times New Roman">Subject to the terms of   this QEAA, EAT will: (1) to the extent required, borrow monies from a lender   or lenders pursuant to a credit agreement or agreements providing the terms   and conditions of the financing and/or from Exchangor pursuant to the terms   of a loan from Exchangor for the purpose of acquiring the Replacement   Property; (2) acquire title to the Replacement Property, and if applicable,   construct the Replacement Property Improvements on the Replacement Property;   and (3) enter into the Lease and/or the Construction Management Agreement.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">F.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">It is Exchangor&#146;s intent   that the Replacement Property held by EAT represents replacement property in   an exchange that is intended to qualify for non-recognition of gain (in whole   or in part) under Section 1031 of the Code.&#160;   To effectuate the Exchange, Exchangor will:&#160; (1) designate to QI the Replacement Property as &#147;replacement   property&#148; (within the meaning of Treas. Reg. &#167; 1.1031(k)-1(a)); (2) assign   Exchangor&#146;s rights under each Relinquished Property Transfer Agreement to QI   in order to allow QI to receive the net purchase price therefrom; (3) direct   the QI to obtain the right to acquire the Replacement Property from EAT; and   (4) direct QI to pay the purchase price for the Replacement Property and then   transfer, or cause the transfer of, title to and ownership of the Replacement   Property to Exchangor in order to complete the Exchange.</font></p>  </td>
 </tr>
</table>

<p  align="center"><font size="2" face="Times New Roman"><b><u>AGREEMENT</u></b></font></p>
<p>
<font size="2" face="Times New Roman">NOW THEREFORE, in consideration of the mutual premises set forth herein, the parties hereby agree as follows:</font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><u>Acquisition and Ownership   of the Replacement Property by EAT.</u></font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.1.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Assignment to EAT of   Replacement Property Purchase Agreement</u>.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.1.1.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor hereby assigns   to EAT Exchangor&#146;s rights (but not its obligations) to acquire the   Replacement Property from the Seller pursuant to the terms of the Replacement   Property Purchase Agreement.&#160; EAT   hereby accepts such assignment of Exchangor&#146;s rights under the Replacement   Property Purchase Agreement.&#160; In   addition, Exchangor shall obtain Seller&#146;s written acknowledgment of the   notice of such assignment.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.1.2.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Subject to the terms of   the Replacement Property Purchase Agreement, this QEAA and the assignment of   Replacement Property Purchase Agreement, EAT shall acquire title to the   Replacement Property.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.2.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Compliance with Rev. Proc.   2000-37</u>.&#160; It is the intent of Exchangor and EAT in   entering into this QEAA to fully comply with all of the terms and conditions   of Rev. Proc. 2000-37.&#160; Accordingly,   the parties agree to the following:</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.2.1.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">EAT shall acquire and hold   title to the Replacement Property for the benefit of Exchangor in order to enable   Exchangor to facilitate, under Section 1031 of the Code, and pursuant to Rev.   Proc. 2000-37, an exchange of the Relinquished Property for the Replacement   Property.</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">2</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.2.2.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">To the extent consistent   with applicable law, Exchangor and EAT agree to report, or cause to be   reported, the acquisition, holding and disposition of the Replacement   Property consistently with the terms of Rev. Proc. 2000-37 for federal and   state income tax purposes, including, but not limited to treating EAT as the   beneficial owner of the Replacement Property for federal and state income tax   purposes from the date EAT acquires title thereto pursuant to the terms of   this QEAA until the Replacement Property is conveyed by EAT to Exchangor or   to another person in compliance with the terms of this QEAA.&#160; In connection therewith, Exchangor shall   provide to EAT within thirty days after the completion of the Exchange all   information necessary to prepare such tax returns, including, without   limitation, a summary of the expenses for the Replacement Property, in a   format acceptable to EAT. Exchangor may use the form attached hereto as   Exhibit
&#147;B&#148; to report such information, or any other form reasonably   acceptable to EAT and Exchangor.&#160; EAT   shall have no obligation to report any information on its tax return other   than what is supplied by Exchangor.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.2.3.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor shall, on or   before the expiration of forty-five (45) days after the date on which EAT   first acquires title to the Replacement Property, identify the Currently Held   Properties and/or Formerly Held Properties, which may consist of one or more   real properties or interests therein owned by Exchangor, which are to be   exchanged by Exchangor for the Replacement Property.&#160; Such identification shall be effectuated   by one or more written notices signed by Exchangor, which written notices   shall be hand delivered, mailed (certified, return receipt requested) or sent   by facsimile to QI before the expiration of such 45-day period referred to   above, and shall otherwise comply with the requirements of Treas. Reg.   &#167;1.1031(k)-1(c) (to the extent such regulation is applicable to this   transaction under the terms of Rev. Proc. 2000-37).&#160; Exchangor may, at any time prior to the expiration of such   45-day period, revoke identification and
(at the option of Exchangor)   identify one or more substitute Currently Held Properties or Formerly Held   Properties.&#160; Any such revocation shall   be made pursuant to the Code and applicable regulations, and shall be   accomplished solely by written notice signed by Exchangor and hand delivered,   mailed (certified, return receipt requested) or sent by facsimile to QI   before the expiration of such 45-day period.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.2.4.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor acknowledges   that Rev. Proc. 2000-37 requires that a safe harbor reverse and/or   improvement exchange be completed (including the transfer of the relinquished   property to a third party buyer and the transfer of the Replacement Property   to Exchangor) within 180 days from the date that EAT acquires title to the   Replacement Property (the &#147;Parking Period&#148;).&#160;   In no event shall EAT be required to hold title to the Replacement   Property longer than the Parking Period.&#160;   Exchangor also acknowledges that the Exchange must be completed prior   to the expiration of the &#147;exchange period&#148; as defined in Treas. Reg. Section   1.1031(k)-1(b).</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.3.</font></p>  </td>
  <td colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Financing and Non-Recourse   Language.</u></font></p>
 </td>
  </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p><font size="2" face="Times New Roman">1.3.1.</font></p>
  </td>
  <td colspan="2"  valign="top">
  <p>
<font size="2" face="Times New Roman">The acquisition of the   Replacement Property, including the cost to design and construct any   Replacement Property Improvements which are undertaken by EAT pursuant to   Section 1.8 hereof, shall be funded as set forth below.</font></p>
  </td>
  </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">3</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="2" face="Times New Roman">1.3.1.1.</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Exchange Proceeds</u>.&#160;   In the event there are funds being held by QI from the sale of   Relinquished Property, those funds, less fees and costs as provided in the   Exchange Agreement (the &#147;Exchange Proceeds&#148;) will be supplied by QI except to   the extent Exchangor elects to cause funds to be supplied by loans described   below in Sections 1.3.1.2 and 1.3.1.3.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.3.1.2.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Third Party Loans</u>.&#160;   At Exchangor&#146;s request, EAT shall borrow funds (the &#147;Third Party   Loan&#148;) from a lender or lenders (&#147;Lender&#148;) pursuant to and in accordance with   the terms and conditions acceptable to Exchangor and EAT, which terms shall   be as set forth in the credit agreement or agreements (&#147;Credit Agreement&#148;)   including refinancing, renewals, extensions and modifications thereof, all of   which shall be completely non-recourse to EAT and to the sole member of EAT   (with no carve-outs to the non-recourse provision) and shall permit transfer   of the Replacement Property to Exchangor.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.3.1.3.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Exchangor Loan</u>.&#160;   In the event the Exchange Proceeds and/or the Third Party Loan funds   are insufficient to acquire the Replacement Property and pay the items listed   below, Exchangor agrees to lend to EAT sufficient funds to enable EAT to   purchase the Replacement Property and pay any and all required closing costs,   loan fees and costs, transfer and mortgage taxes (including documentary stamp   taxes and intangible taxes), insurance premiums and other expenses incurred   by EAT and approved by Exchangor in connection with the purchase of the   Replacement Property by EAT, the holding costs thereof (to the extent not   paid by Exchangor as rent) and the construction of Replacement Property   Improvements.&#160; Such loan (the   &#147;Exchangor Loan&#148;) shall be completely non-recourse to EAT and to the sole   member of EAT (with no carve-outs to the non-recourse provision) and shall be   evidenced by a non-recourse promissory note (the
&#147;Exchangor Note&#148;) in form   and substance acceptable to EAT.&#160; The   Exchangor Loan shall also include any amounts funded under the loan described   in Section 1.3.4 below.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.3.2.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>No Obligation to Advance   Funds</u>.&#160; EAT shall have no obligation to advance   funds to acquire, own, manage, lease or transfer the Replacement Property or   construct the Replacement Property Improvements in excess of the aggregate of   any of the following that apply: (i) the Third Party Loan, (ii) the Exchangor   Loan and (iii) Exchange Proceeds.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.3.3.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Non-Recourse</u>.&#160; Neither   EAT nor the sole owner of EAT shall have any personal liability in connection   with the Third Party Loan or the Exchangor Loan.&#160; Any and all promissory notes, loan documents and other   agreements and documents to be signed by EAT in connection with the Third   Party Loan or the Exchangor Loan, or related to the ownership, maintenance or   operation of the Replacement Property or the construction of the Replacement   Property Improvements, shall contain non-recourse language as set forth in   Exhibit &#147;C&#148; attached hereto, without any exceptions or carve-outs to the   non-recourse language.</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">4</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">1.3.4.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Amortization of Principal</u>.&#160;   If the Credit Agreement requires that EAT make any principal payments   to the Lender, Exchangor shall make such principal payments on behalf of EAT   directly to the Lender in a timely manner and each payment shall be accounted   for between Exchangor and EAT as an interest-free and unsecured loan from   Exchangor to EAT.&#160; Neither EAT nor the   sole member of EAT shall have any obligation to repay the loan obligations   incurred by EAT, except as otherwise provided in this Section 1.3.4.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.4.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Environmental Report</u>.&#160;   Prior to the acquisition of the Replacement Property, Exchangor shall,   at Exchangor&#146;s expense, provide EAT with a &#147;Phase 1&#148; environmental report on   the Replacement Property.&#160; EAT&#146;s   obligation to acquire title to the Replacement Property shall be subject to   its review and approval, in its sole discretion, of the &#147;Phase 1&#148; environmental   report of the Replacement Property.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.5.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Lease and Construction   Management Agreement</u>.&#160; Simultaneously with and as a condition   concurrent with the acquisition of the Replacement Property, EAT and   Exchangor or an affiliate of Exchangor shall enter into the Lease and/or   Construction Management Agreement.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.6.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Insurance</u>.&#160;   Simultaneously with and as a condition concurrent with the acquisition   of the Replacement Property, Exchangor shall obtain commercial general   liability insurance, property insurance, builder&#146;s risk insurance and other   insurance in accordance with the requirements of the Lease and/or the   Construction Management Agreement, or as otherwise approved by EAT, insuring   both Exchangor and EAT with respect to the Replacement Property.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.7.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Title Insurance</u>.&#160;   Simultaneously with and as a condition concurrent with the acquisition   of the Replacement Property, Exchangor shall cause a title insurance binder   (or if not available, a title insurance policy) to be issued to EAT in the   amount of the Purchase Price of the Replacement Property.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.8.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Construction of   Replacement Property Improvements</u>. If so requested by Exchangor, EAT shall construct the Replacement Property Improvements; provided that   the construction of the Replacement Property Improvements shall be performed   pursuant to the Construction Management Agreement and shall be managed by the   Construction Manager named in the Construction Management Agreement.   Construction shall commence as soon as reasonably possible after the   Replacement Property is acquired, all documents acceptable to EAT and   Exchangor are signed, financing acceptable to EAT and Exchangor has been   obtained, all permits and approvals have been obtained, insurance has been   obtained with EAT listed as an insured or additional insured, and all other   applicable terms and conditions of this QEAA have been fulfilled.&#160; Notwithstanding anything in this QEAA or   any other document, agreement or instrument to the contrary, EAT is not   responsible for
monitoring the construction of the Replacement Property   Improvements, the ability to obtain tax credits or condominium status, or for   the performance or nonperformance by the architect or by the general   contractor or any of its subcontractors under the construction contract.&#160; EAT is also not responsible for the   quality of workmanship or materials with respect to the Replacement Property   Improvements.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1.9.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Fees Payable to EAT</u>.&#160;   Exchangor agrees to pay to EAT for its services hereunder the fees   (&#147;Fee&#148;) set forth in the Fee Schedule attached hereto as Exhibit &#147;D.&#148;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">2.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><u>Exchange Cooperation</u>.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">2.1.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Transfer of Relinquished   Property and Replacement Property; QI Assignment</u></font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">5</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.1.1.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">At any time prior to the   expiration of the Parking Period, Exchangor shall have the right to purchase   the Replacement Property from EAT for the Purchase Price (as defined in   Section 2.2.1.1 hereof).&#160; Exchangor   shall exercise its option to purchase the Replacement Property from EAT by   giving written notice thereof to EAT, provided that the closing date shall be   within the Parking Period. The transfer of ownership of the Replacement   Property shall be accomplished either by a deed to Exchangor or, at   Exchangor&#146;s option, by an assignment of the sole membership interest in EAT   (provided that EAT is a single member limited liability company) to   Exchangor.&#160; Exchangor&#146;s obligation to   accept title to the Replacement Property at such closing shall be as provided   in Section 2.4 hereof.&#160; Exchangor   acknowledges that the transfer of the Replacement Property to Exchangor   should occur only after the transfer of the Relinquished
Property to the   Transferees.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.1.2.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor shall assign to   QI Exchangor&#146;s rights under this QEAA to acquire the Replacement Property   pursuant to a form of QI Assignment described in Treas. Reg. &#167;   1.1031(k)-1(g)(4)(v).&#160; The QI   Assignment shall provide for EAT to deliver title to and ownership of the   Replacement Property (either by a deed or by the assignment of the sole   membership interest in EAT) directly to Exchangor without the need for QI to   take title thereto.&#160; EAT will provide   a written acknowledgement of receiving notice of the QI Assignment.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.1.3.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor shall also   assign to QI Exchangor&#146;s rights (but not its obligations) under the   Relinquished Property Transfer Agreement to sell the Relinquished Property to   the Transferees pursuant to a form of QI Assignment described in Treas. Reg.   &#167; 1.1031(k)-1(g)(4)(v).&#160; The QI   Assignment shall provide for Exchangor to deliver title to and ownership of   the Relinquished Property directly to such Transferees without the need for   QI to take title thereto.&#160; In   addition, Exchangor shall obtain such Transferee&#146;s written acknowledgment of   the notice of such assignment.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.1.4.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Exchangor shall direct QI   to use the Exchange Proceeds to acquire the Replacement Property from EAT for   an amount equal to the Purchase Price, as provided in Section 2.2, and shall   supply to QI any additional funds needed to make such purchase, in excess of   the funds and credits described in Section 2.2.2.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.1.5.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Upon receipt of the   Purchase Price from QI, and consistent with the QI Assignment, EAT shall   deliver to QI or, upon the direction of QI, to Exchangor a conveyance of   title to the Replacement Property (&#147;Replacement Property Deed&#148;), or in the   alternative, the sole member of EAT shall deliver its one hundred percent   membership interest in EAT (&#147;Assignment of Membership Interest&#148;) to   Exchangor, using the form of assignment attached hereto as Exhibit &#147;E.&#148;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.1.6.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">At Exchangor&#146;s request, EAT   shall assign to Exchangor (without representation, covenant, warranty or   variance) all representations, warranties and covenants from the Seller   pertaining to the Replacement Property which have been obtained by EAT and   all of EAT&#146;s rights and obligations (which Exchangor shall assume) under the   Lease.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">2.2.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Purchase Price and Terms</u>.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.1.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">For purposes of this QEAA,   the following definitions shall apply:</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">6</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.1.1.</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="2" face="Times New Roman">&#147;Purchase Price&#148; shall   mean (i) the purchase price paid by EAT to Seller to acquire the Replacement   Property (including any debt assumed or taken subject to), and (ii) the sum   of any and all unreimbursed costs, liabilities and expenses of any kind   incurred by EAT in connection with the acquisition, ownership, lease,   operation, maintenance and transfer of the Replacement Property and the   design and construction of the Replacement Property Improvements, including,   without limitation, all sales, transfer or other taxes, and all charges,   expenses and closing costs paid by EAT in connection with the acquisition,   ownership and the transfer of the Replacement Property, all interest and   stated fees (including accrued but unpaid pre-payment fees in connection with   mandatory pre-payments) under the Third Party Loan and the Exchangor Loan,   all title search expenses and title insurance premiums and all taxes and   other ownership costs of the
Replacement Property; provided, however,   Exchangor shall have approved all costs under subsection (ii) in writing   before EAT incurs such costs.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.1.2.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">The Purchase Price shall   not include costs and expenses that have been paid by Exchangor as rent   pursuant to the Lease.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.2.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">The Purchase Price shall   be paid as follows:</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.2.1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">In cash, but only to the   extent of Exchange Proceeds deposited at closing by the QI, plus</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.2.2</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">In the form of a credit   for any remaining liabilities owed to Lender pursuant to Credit Agreement   which are assumed by Exchangor or which the Exchangor agrees to acquire the   Replacement Property &#147;subject to,&#148; plus</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.2.3</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">In the form of a credit   for any remaining amount due Exchangor pursuant to the Exchangor Loan.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.3.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">EAT shall use the Purchase   Price as follows:</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.3.1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">First, to pay any and all   unpaid costs and expenses incurred by EAT in connection with the acquisition,   ownership, leasing, operation, maintenance, financing and transfer of the   Replacement Property, and the construction of any Replacement Property   Improvements,</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.3.2</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Second, to pay all   principal and interest (if any) on the Exchangor Loan,</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.3.3</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Third, to pay principal   and interest on the Third Party Loan, to the extent requested by Exchangor.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.2.3.4</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">If there is any excess   cash after paying such amounts, such excess shall be paid to Exchangor, or at   the request of Exchangor, shall be used by QI in connection with the   acquisition of another replacement property.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">2.3.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Casualty &amp;   Condemnation; Liens</u></font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">7</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.3.1.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">At such time as EAT   delivers the Replacement Property Deed or Assignment of Membership Interest   to Exchangor pursuant to Section 2.1.5 hereof, EAT shall also deliver to   Exchangor, less costs incurred in pursuing such entitlement (i) any insurance   or condemnation proceeds pertaining to the Replacement Property which EAT may   have received, except to the extent such proceeds have been expended for the   restoration or repair of the Replacement Property or otherwise applied as   required under the Credit Agreement, or applied in accordance with the Lease,   and (ii) assignments of any insurance or condemnation proceeds pertaining to   the Replacement Property which EAT may be entitled to receive but has not   received.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">2.3.2.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">EAT shall not encumber the   Replacement Property, except to the extent such encumbrance is contemplated   by the terms of this QEAA, the Lease, the Construction Management Agreement,   any Credit Agreement or any other document related to the Exchange, or is   authorized by or directly or indirectly caused by any act or omission of   Exchangor or any other third party.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">2.4.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Representations and   Warranties; Title</u>.&#160; Except as expressly provided herein, EAT   shall not be obligated to make any covenants, representations or warranties   to Exchangor in connection with the transfer of title to the Replacement   Property.&#160; Without limiting the   generality of the foregoing and except as prohibited by law, Exchangor shall   be required to accept title to the Replacement Property regardless of (i)   defects in title or encumbrances, except those that are caused by EAT in   violation of the terms of Section 2.3.2 hereof; (ii) the absence of any   required permits or approvals; (iii) any unfavorable tax rulings; or (iv) any   other matter or condition affecting or relating to the Replacement Property   or the right or power of Exchangor to acquire, own, or maintain possession of   and operate the Replacement Property.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">3.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><u>Exchangor&#146;s Failure to   Complete Exchange</u>.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman">If Exchangor is unable to   complete the Exchange prior to the expiration of the Parking Period, EAT   shall transfer the Replacement Property to Exchangor for a price equal to the   Purchase Price, payable in full at the closing as provided in Section 2.2.2,   except that Exchangor, rather than QI, shall be the source of any cash   deposit. In such event, EAT shall deliver the Replacement Property Deed or   shall cause the sole member of EAT to deliver the Assignment of Membership   Interest to Exchangor. Exchangor shall have the obligation to pay all costs   and expenses of such transfer, including without limitation, recording fees   and transfer taxes.&#160; Exchangor shall   take title to the Replacement Property subject to any existing loan, and as   provided in Section 2.4 hereof.&#160; At   Exchangor&#146;s option, Exchangor may instruct EAT in writing to transfer the   Replacement Property to a third party transferee instead of transferring it   to
Exchangor, provided that such transfer is done without any   representations, warranties or liability to EAT whatsoever, is completed   prior to the end of the Parking Period and does not result in taxable income   to EAT.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">4.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Exchangor&#146;s Default</u>.&#160;   If an Exchangor Default or an Adverse Entity Event (as those terms are   defined below) shall occur with respect to Exchangor, then EAT may terminate   its obligation to complete the Exchange and shall have the right to transfer   the Replacement Property to Exchangor (at EAT&#146;s option, by deed or by an   assignment of the membership interest in EAT) and shall have the right to   recover any damages against Exchangor as provided by law, including, without   limitation, escrow and recording fees, transfer taxes and all other costs of   transferring the Replacement Property or the interest in EAT, and including   all costs and expenses incurred by EAT in connection with the acquisition,   ownership, construction and/or transfer of the Replacement Property. In such   event, (a) Exchangor shall be obligated to acquire the Replacement Property   from EAT, and (b) all principal and interest due under the Exchangor Loan
shall be cancelled.</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">8</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">5.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>EAT&#146;s Default</u>.&#160;   If an EAT Default or an Adverse Entity Event (as those terms are   defined below) shall occur with respect to EAT, then Exchangor may terminate   its obligation to complete the Exchange and shall have the right to recover   any damages against EAT as provided by law.&#160;   Exchangor shall also have the right of specific performance to cause   EAT to transfer the Replacement Property to Exchangor.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">6.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Definitions</u>.&#160;   &#147;Adverse Entity Event&#148; shall mean any one or more of the following events:&#160; dissolution or liquidation, making a   general assignment for the benefit of creditors, filing a petition in   bankruptcy, filing a petition or applying to any tribunal for the appointment   of a receiver or trustee of its properties, commencing any proceeding   relating to itself under any bankruptcy, reorganization, readjustment of   debt, dissolution or liquidation law of any jurisdiction, causing to have   commenced against it any such proceeding which remains undismissed for a   period of ninety (90) days, indicating its consent to, approval of or   acquiescence in any of such proceedings or failing to contest the appointment   of any receiver of, or trustee for, it or for substantially all of its   properties which shall continue undischarged for a period of ninety (90)   days.&#160; &#147;Exchangor Default&#148; shall mean   the failure of
Exchangor to pay for, or to immediately reimburse EAT for, all   costs and expenses of the Replacement Property as required under this   Agreement, or if the exchange is not completed during the Parking Period, the   failure of Exchangor to cooperate with EAT by setting up an escrow and paying   all costs and expenses and transfer taxes, if any, and as required under this   Agreement in connection with the transfer of the Replacement Property to   Exchangor, or any other material default by Exchangor under this QEAA, the   Lease, the Construction Management Agreement or any ancillary document, and   in any of such events, the failure or breach is not cured within ten (10)   days after EAT sends Exchangor written notice thereof.&#160; &#147;EAT Default&#148; shall mean any material   default by EAT under this QEAA, the Lease, the Construction Management   Agreement or any ancillary document, which is not cured within ten (10) days   after Exchangor sends EAT written notice thereof.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">7.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><u>Representations and   Warranties of the Parties</u>.&#160; EAT and Exchangor, hereby   represent and warrant to each other as follows:</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">7.1.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Due Organization:   Authority: Enforceability</u>.&#160; EAT, and Exchangor if it is   an entity, each represents that it is an entity of the form specified in the   preamble to this QEAA, and is duly organized and validly existing under the   laws of the state of its formation.&#160;   Each party has the power and authority to make, execute, deliver and perform   its obligations under this QEAA and all of the transactions contemplated   under this QEAA and has taken all necessary actions to authorize the   execution, delivery and performance of this QEAA. This QEAA constitutes a   valid and binding obligation of such party, enforceable against such party in   accordance with its terms; subject, as to enforcement to bankruptcy,   insolvency, reorganization, moratorium and other laws of general   applicability relating to or affecting creditors rights and to general   equitable principles.</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">9</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">7.2.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Conflict with Existing   Laws or Contracts</u>.&#160; The execution and delivery of this QEAA,   and all related documents, and the performance of their obligations hereunder   and thereunder by each party (i) does not conflict with or result in a breach   of or constitute a default under any of the terms, conditions or provisions   of the that party&#146;s organizational documents, if any, including, but not   limited to:&#160; articles of   incorporation, bylaws, articles of organization, regulations, operating   agreements, partnership agreements, limited partnership agreement or   certificate of limited partnership; or of any agreement or instrument to   which such party is a party or by which such party is bound or any order or   decree applicable to such party and (ii) will not result in the creation or   imposition of any lien (except for those liens contemplated by the Lease,   Exchangor Loan and Credit Agreement) on any of such party&#146;s assets or
property which would materially and adversely affect the ability of such   party to execute and deliver this QEAA and perform its obligations hereunder;   and such party has obtained all consents, approvals, authorizations or orders   of any court or governmental agency or body, if any, required for the   execution and delivery by it of this QEAA.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">7.3.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Legal Action Against a   Party</u>.&#160; There are no judgments, orders, or decrees   of any kind against the representing and warranting party unpaid or   unsatisfied of record nor any legal action, suit or other legal or   administrative proceeding pending or, to such party&#146;s knowledge, threatened   against such party before any court or administrative agency which have, or   are likely to have, any material or adverse effect on the business or assets   or the condition, financial or otherwise, of such party or which prevent, or   could reasonably be expected to prevent, the ability of such party to perform   hereunder.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">7.4.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Bankruptcy or Debt:   Financial Condition</u>.&#160; The representing and warranting party has   not filed any petition seeking or acquiescing in any reorganization,   arrangement, composition, readjustment, liquidation, dissolution or similar   relief under any law relating to bankruptcy or insolvency, nor has any such   petition been filed against such party. No general assignment of such party&#146;s   property has been made for the benefit of creditors, and no receiver, master,   liquidator or trustee has been appointed for such party or any of its   property. Such party is not insolvent and the consummation of the   transactions contemplated by this QEAA shall not render such party insolvent.   Such party will have, as of the time of execution of this QEAA, sufficient   financial resources to meet all of its obligations, including all of its   obligations under this QEAA.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">7.5.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Survival</u>.&#160;   Each and every representation and warranty made by EAT and Exchangor   in Section 7 hereof shall survive the execution and delivery of this QEAA and   the consummation of the transactions contemplated hereunder.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">8.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><u>Environmental Release and   Indemnity</u>.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">8.1.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>General Release</u>.&#160;   Exchangor represents and warrants to EAT, to the best knowledge of   Exchangor, after inquiry, there have been no releases of any Hazardous   Substances, as defined below, on, in, around or about the Replacement   Property.&#160; Exchangor hereby releases   EAT and its past, present, and future members, partners, parent companies,   subsidiaries, affiliates, and related entities, as well as past, present and   future partners, members, shareholders, officers, directors, employees,   agents, successors, heirs and assigns of each of them (collectively, the   &#147;Indemnified Parties&#148; and individually, an &#147;Indemnified Party&#148;) from any and   all claims, causes of action of every kind and character, fines, losses,   damages, liabilities, costs and expenses whether known or unknown, existing,   contingent or hereafter arising, which Exchangor may have now or in the   future, in connection with or arising out of the actual
or suspected presence   in, on, under or about the Replacement Property of any Hazardous Substance,   excepting any losses existing from EAT&#146;s or any of the Indemnified Parties&#146;   negligence or willful misconduct or breach of this Agreement.</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">10</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">8.2.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Environmental Indemnity</u>.&#160;   Exchangor shall indemnify, protect, defend (with counsel reasonably   satisfactory to the Indemnified Party) and hold harmless each of the   Indemnified Parties of, from and against any and all cost, expense, loss,   damage, claim, cause of action or liability suffered or incurred by such   Indemnified Party in connection with or arising out of the actual or suspected   presence in, on, under or about the Replacement Property, of any Hazardous   Substance including, but not limited to:&#160;   (1) any and all expenses that the Indemnified Party may incur in   complying with any of the Environmental Statutes (as defined below), (2) any   and all costs that the Indemnified Party may incur in connection with the   investigation, removal, clean up or remediation of the contamination and the   restoration of the Replacement Property, (3) any and all fines or penalties   assessed upon the Indemnified Party by reason of such
contamination, (4) any   and all costs arising from claims of third parties in connection with such   contamination, and (5) any and all consultant and legal fees and costs   incurred by the Indemnified Party in connection with any of the   foregoing.&#160; For purposes of this   Section 8, the term &#147;contamination&#148; shall mean the presence of Hazardous   Substances at the Replacement Property or any improvements thereon that   requires or may require any remedial action under any of the Environmental   Statutes.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">8.3.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Certain Definitions</u>:</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">8.3.1.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">As utilized in this   Section 10, the term &#147;Hazardous Substance&#148; shall mean any substance or   material, including but not limited to lead in paint, which (a) constitutes a   hazardous waste substance under any applicable federal, state or local law,   rule, order or regulation now or hereafter adopted; (b) constitutes a   &#147;hazardous substance&#148; under the Comprehensive Environmental Response,   Compensation and Liability Act, (42 U.S.C. 9601 et seq.) and the regulations   promulgated thereunder; (c) constitutes a &#147;hazardous waste&#148; under the   Resource Conservation and Recovery Act, (42 U.S.C. 6901 et seq.) and the   regulations promulgated thereunder; (d) constitutes a pollutant, contaminant,   chemical or industrial, toxic or hazardous substance or waste; (e) exhibits   any of the characteristics enumerated in 40 C.F.R. Sections 261.20-261.24,   inclusive; (f) is an extremely hazardous substance listed in Section 302 of   the
Superfund Amendments and Reauthorization Act of 1986 (Public Law 99-499,   100 Stat. 1613) which are present in threshold planning or reportable   quantities as defined under such Act; (g) is a toxic or hazardous chemical   substance which is present in quantities which exceed exposure standards as   those terms are defined under Sections 6 and 8 of the Occupational Safety and   Health Act, as amended, (29 U.S.C. 655 and   657 and 29 C.F.R. Part 1910   subpart 2); (h) contains any asbestos, or (i) is a petroleum-based product,   an underground storage tank, or an above ground storage tank.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">8.3.2.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">As utilized herein, the   term &#147;Environmental Statutes&#148; shall mean the statutes, laws, rules, orders   and regulations referred to in (a) through (i), inclusive, in the preceding   Section 8.3.1. As utilized herein, contamination by a Hazardous Substance   shall include contamination arising from the presence, creation, production,   collection, treatment, disposal, discharge, release, storage, transport, or   transfer of any such substance.</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">11</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">8.4.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Survival of Provisions</u>.&#160;   The provisions of this Section 8 shall survive the termination of this   QEAA for any reason and the completion of all the transactions contemplated   herein.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">8.5.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Actions by Indemnified   Parties</u>. The   foregoing notwithstanding, the provisions of this Section 8 shall not extend   to any release of Hazardous Substances upon the Replacement Property caused   solely by an Indemnified Party&#146;s intentional misconduct or gross negligence   not arising from or otherwise connected with such party&#146;s rights,   responsibilities and obligations under this QEAA, the Credit Agreement, the   Lease or the Construction Management Agreement.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">9.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Due Diligence</u>. EAT shall have no obligation or   responsibility to pursue or complete any due diligence activities with respect   to the Replacement Property; all such due diligence activity being the   responsibility of the Exchangor. As used in the preceding sentence, &#147;due   diligence activities&#148; include, without limitation, (i) environmental site   assessments, (ii) subsurface soil studies, (iii) surveys, (iv) investigations   to determine the availability of all utilities required for the operation of   the Replacement Property, (v) examination of title insurance commitments,   title insurance policies and all instruments referred to therein, (vi)   verification of compliance with all applicable comprehensive land use plans,   zoning, restrictions, prohibitions and other requirements imposed by   governmental authority, (vii) review of all space leases affecting the   Replacement Property, (vii) inspections to determine active termite
infestation or visible damage from termite infestation, (viii) confirmation   of access to the Replacement Property, (ix) confirmation of the value of the   Replacement Property, and (x) inspections of all improvements comprising any   part of the Replacement Property to determine the existence of any water   damage or structural damage and to verify that all appliances, mechanical   items, heating, cooling, electrical, plumbing systems and machinery are in   good working order.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">10.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Indemnity</u>.&#160;   Exchangor shall indemnify, protect, defend with counsel reasonably   satisfactory to EAT, and hold EAT and all the Indemnified Parties harmless   with respect to any claim, cause of action, liability, loss, cost, damage or   expense, including reasonable attorneys&#146; fees (collectively, &#147;Claims&#148;),   arising out of or resulting, directly or indirectly, from (a) the failure by   Exchangor to complete all required due diligence activities pertaining to the   Replacement Property, (b) the existence of any facts or conditions affecting   any part of the Replacement Property which were or could have been determined   or discovered as a result of the conduct and completion of due diligence   activities with respect to the Replacement Property, (c) the condition, use,   occupancy or maintenance of the Replacement Property, or the failure of the   Replacement Property to comply with all laws and regulations, (d) the design,
installation and construction of any improvements to the Replacement   Property, including any Claims arising in connection with liens against the   Replacement Property, (e) any existing or future leases, subleases or   occupancy agreements affecting the Replacement Property, (f) any and all acts   and omissions with respect to the Replacement Property, (g) any documents,   agreements and instruments executed or entered into by or on behalf of EAT in   connection with the Replacement Property, including, without limitation,   ground leases, occupancy leases, license agreements, tenancy-in-common   agreements, change of ownership reports, service contracts, construction   contracts, agreements and documents related to the design, development and   construction of improvements to the Replacement Property, promissory notes,   deeds of trust and</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">12</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>

<font size="2" face="Times New Roman">mortgages, environmental indemnity
agreements, loan agreements and other loan documents, (h) any and all taxes and
assessments which are due in connection with the acquisition, holding,
ownership, transfer and/or disposition of the Replacement Property or otherwise
in connection with the Exchange, other than taxes due as a result of the payment
of the Fee, and/or (i) the acquisition, financing, ownership, leasing,
subleasing, design, construction, management, operation, maintenance,
restoration and/or transfer by EAT of the Replacement Property (including the
Replacement Property Improvements). In the event the Replacement Property is
reassessed and EAT receives a supplemental tax bill, either during or after the
Parking Period, and such bill applies to the period during which EAT held title
to the Replacement Property, Exchangor shall immediately pay such tax bill in
full, and this indemnity shall include all such obligations to pay taxes.&#160;
Notwithstanding anything to the contrary set forth in this Section 10, the
indemnification in this Section 10 shall exclude any loss arising from
EAT&#146;s or any Indemnified Parties&#146; negligence, willful misconduct or
breach of this Agreement. The provisions of this Section 10 shall survive the
termination of this QEAA and the completion of the transactions contemplated
hereunder.</font></p> </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">11.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><u>Miscellaneous</u>.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">11.1.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Time</u>.&#160;   Time is of the essence of this QEAA and of each covenant and condition   to be performed hereunder.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">11.2.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Waiver</u>. No failure or delay on the part of either   party in exercising any right, power or remedy hereunder shall operate as a   waiver thereof; nor shall any single or partial exercise of any such right,   power or remedy preclude any other or further exercise thereof or the   exercise of any other right, power or remedy hereunder. The remedies provided   hereunder are cumulative and not exclusive of any remedies provided by law.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">11.3.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Commissions</u>. No real estate commission shall be paid   as a result of the transfer of the Replacement Property from EAT to   Exchangor.&#160; Exchangor hereby   indemnifies and agrees to protect, defend with counsel reasonably   satisfactory to EAT, and hold EAT harmless from any liability, loss claim,   damage, cost, expense or cause of action for commissions.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">11.4.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Amendments</u>. No amendment, modification, termination   or waiver of this QEAA or any provision hereof nor any consent to any   departure herefrom shall be effective unless the same is in writing and   signed by the party to be bound   thereby and then any such waiver or consent shall be effective only in the   specific instance and for the specific purpose for which given. No notice to   or demand on either party shall entitle such party to any other or further   notice or demand in similar or other circumstances.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">11.5.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Governing Law</u>.&#160;   This QEAA and all rights and obligations of the parties hereunder   shall be governed by and be construed and enforced in accordance with the   laws of the state in which the agreement was entered into (&#147;Forum State&#148;).   Each party hereby consents to the jurisdiction of the courts of the Forum   State.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">11.6.</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Assignment</u>. This QEAA shall bind and inure to the   benefit of the parties hereto and their respective successors and assigns.   Except as specifically provided in this QEAA, no party shall have the right   to assign any of its rights or interests herein without the prior written </font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">13</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman">consent of the other   party, and under no circumstances shall EAT assign or attempt to assign its   interest hereunder to a person that would be a &#147;disqualified person&#148; within   the meaning of Treas. Reg. &#167; 1.1031(k)-1(k). No person not a party hereto is   intended to be benefited hereby. Exchangor&#146;s release and indemnities   contained in this Agreement shall survive any assignment of this QEAA, any   termination of this QEAA and/or the completion of the Exchange.</font></p>  </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.7.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Severability</u>. Any provision hereof which is prohibited   or unenforceable in any jurisdiction shall, as to such jurisdiction, be   ineffective to the extent of such prohibition or unenforceability without   affecting the validity or enforceability of the remainder of this QEAA or the   enforceability of such provision in any other jurisdiction.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.8.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Captions and Recitals</u>. Captions herein are included for   convenience of reference only and shall not constitute a part hereof; they   shall be ignored in construing and enforcing this QEAA. Each of the Recitals   set forth above are true and correct and are incorporated herein by this   reference.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.9.</font></p>  </td>
  <td  colspan="4"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Notices</u>. All notices, requests, demands,   directions, declarations and other communications provided for herein shall   be in writing and shall, except as otherwise expressly provided, be mailed by   registered or certified mail, return receipt requested, sent by overnight   courier or&#160; delivered by hand to the   applicable party at its address indicated below:</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>If to Exchangor:</u></font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Northern Technologies   International Corporation</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Attn:&#160; Matthew C. Wolsfeld</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">6680 N. Hwy 49</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Lino Lakes, MN&#160; 55014</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Telephone: 651/217-2111</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Facsimile: (651) 784-2902</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Email: Mwolsfeld@nti.com</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>With a copy to</u>:</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Elizabeth Sheehan, Esq.</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Oppenheimer Wolff &amp;   Donnelly LLP</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Plaza VII, Suite 3300</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">45 South Seventh Street</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Minneapolis, MN 55402-1609</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Telephone: (612) 607-7534</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Facsimile:&nbsp; (612)   607-7100</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Email:&#160; esheehan@oppenheimer.com</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>If to EAT</u>:</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Northern Technologies   Holding Company, LLC</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">c/o First American   Exchange Company, LLC</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Attn:&#160; Steven P. Katkov</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">1900 Midwest Plaza West   801 Nicollet Mall</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
<font size="2" face="Times New Roman">Minneapolis, MN&#160; 55402</font></p>  </td>
 </tr>
<tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
    <font size="2" face="Times New Roman">Telephone:&#160; 612/305-2525</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
    <font size="2" face="Times New Roman">Facsimile:&#160; 612/305-2530</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="3"  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p>
    <font size="2" face="Times New Roman">Email<i>:&#160; </i>skatkov@firstam.com</font></p>  </td>
 </tr>

 <tr>

  <td  style='border:none'></td>
  <td ></td>
  <td ></td>
  <td ></td>
  <td ></td>
  <td ></td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">14</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">
 <tr>
  <td width="5%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="87%" colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman">Any notice so given,   delivered or made by mail or by overnight courier shall be deemed to have   been duly given, delivered or made on the date the same is received, as established   by the return receipt.&#160; Any party may   change the address to which notices are sent to such party by written notice   to the other party specifying said change of address.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.10.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>State Withholding</u>. If Exchangor is subject to withholding   under state or local law, EAT and/or QI shall be entitled to withhold and pay   those amounts required to be withheld by them pursuant to such state or local   law unless and until proper exemption from such state or local withholding   requirements have been obtained by Exchangor.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.11.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Counterparts and Facsimile   Execution</u>. This   QEAA may be executed in two or more identical counterparts. If so executed,   each of such counterparts is to be deemed an original for all purposes and   all such counterparts shall, collectively, constitute one agreement.&#160; A facsimile, telecopy or other   reproduction of this QEAA may be executed by the parties (in counterparts or   otherwise) and shall be considered valid, binding and effective for all purposes.   At the request of any party, the parties hereto agree to execute an original   of this QEAA as well as any facsimile, telecopy or other reproduction.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.12.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Attorneys&#146; Fees</u>. Should any litigation arise between the   parties hereto concerning or arising out of this QEAA, including, but not   limited to, actions for damages, specific performance, declaratory,   injunctive or other relief, and whether at law or in equity, and including   appellate and bankruptcy proceedings as well as at arbitration or at the   trial level, the prevailing party in any such litigation or proceeding shall   be entitled to recover reasonable fees and costs of attorneys and legal   assistants.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.13.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Entire Agreement</u>. This QEAA contains the entire   understanding and agreement between the parties relating to the subject   matter hereof or the transactions contemplated hereby, and all prior or   extrinsic agreements, understandings, representations and statements, oral or   written, are merged herein and/or superseded hereby. There are no other   agreements, written or oral, between the parties with respect to the subject   matter hereof or the transactions contemplated hereby except those contained   in this QEAA.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.14.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Gender: Singular and   Plural Usages</u>.   Wherever in this QEAA the singular is used, the same shall include the plural,   and vice-versa, and wherever in this QEAA the masculine gender is used, the   same shall include the feminine and neuter genders, and vice-versa.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.15.</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Construction of QEAA </u>. All parties to this QEAA having   participated fully and equally in the negotiation and preparation hereof, and   all parties having been represented by counsel in connection with the   negotiation, preparation and execution of this QEAA, the fact that one of the   parties to this QEAA, or its attorney, may be deemed to have drafted or   structured any provision of this QEAA shall not be considered in construing   or interpreting any particular provision of this QEAA, either in favor of or   against such party.</font></p>  </td>
 </tr>
 <tr>

  <td  style='border:none'></td>
  <td ></td>
  <td ></td>
  <td ></td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">15</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="8%" valign="top">
  <p>
<font size="2" face="Times New Roman">11.16.</font></p>  </td>
  <td width="87%" valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Federal Withholding</u>. In the event Exchangor is a &#147;Foreign   Person,&#148; EAT shall be entitled to withhold and pay those amounts required to   be withheld by Section 1445 of the Code and the Regulations promulgated   thereunder. In the event Exchangor presents to EAT a &#147;Withholding   Certificate,&#148; issued by the Internal Revenue Service pursuant to Treas. Reg.   &#167; 1.1445-3, EAT may, in the exercise of its reasonable judgment, comply with   the Withholding Certificate.&#160; By   entering a Taxpayer&#146;s I.D. Number after Exchangor&#146;s signature below,   Exchangor certifies under penalty of perjury that it is not a &#147;Foreign   Person&#148; as that term is defined in Section 1445 of the Code and the   Regulations promulgated thereunder, and further certifies the accuracy of   such Taxpayer I.D. Number and the accuracy of its address as indicated above.</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">11.17.</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman"><u>Independent   Tax and Legal Advice</u>.&#160; EXCHANGOR ACKNOWLEDGES   AND AGREES THAT IT HAS CONSULTED WITH AND RELIED SOLELY UPON THE ADVICE AND   JUDGMENT OF ITS OWN INDEPENDENT TAX ADVISORS, ATTORNEYS, AND/OR CERTIFIED   PUBLIC ACCOUNTANTS AS TO THE TAX AND OTHER ASPECTS OF THE EXCHANGE, THE   TRANSACTIONS CONTEMPLATED HEREBY, AND ALL DOCUMENTS SIGNED AND/OR TO BE   SIGNED IN CONNECTION HEREWITH.&#160;   EXCHANGOR HAS NOT RELIED UPON EAT OR QI OR THEIR RESPECTIVE ADVISORS,   EMPLOYEES, ATTORNEYS AND/OR CERTIFIED PUBLIC ACCOUNTANTS FOR ANY TAX,   BUSINESS OR LEGAL ADVICE.&#160; QI AND EAT   MAY PERIODICALLY GIVE EXCHANGOR NOTICES OF ESTIMATED DEADLINES AND ALSO MAY   DISCUSS INCOME TAX MATTERS IN GENERAL WITH EXCHANGOR, BUT SUCH NOTICES AND   GENERAL DISCUSSIONS DO NOT ENLARGE THE DUTIES AND RESPONSIBILITIES OF QI OR   EAT AND DO NOT DIMINISH THE RESPONSIBILITY OF EXCHANGOR TO DETERMINE THE TAX   CONSEQUENCES OF THE EXCHANGE AND TO SEEK INDEPENDENT TAX
ADVICE CONCERNING   SUCH TAX CONSEQUENCES.&#160; EXCHANGOR   UNDERSTANDS IT MUST ACCURATELY AND TIMELY REPORT THE EXCHANGE, INCLUDING   FILING IRS FORM 8824.</font></p>  </td>
 </tr>
</table>

<p>
<font size=1 face="Times New Roman">&nbsp;</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIGNATURE PAGE &#150; QUALIFIED EXCHANGE ACCOMMODATION AGREEMENT</font></p>
<p>
<font size="2" face="Times New Roman">IN WITNESS WHEREOF, Exchangor and EAT each have caused this QEAA to be duly executed pursuant to proper authorization as of the day and year first above written.</font></p>
<p>
<font size="2" face="Times New Roman"><b>EAT:</b></font></p>
<p>
<font size="2" face="Times New Roman">NORTHERN TECHNOLOGIES HOLDING COMPANY, LLC<br> a Minnesota limited liability company</font></p>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p>
<font size="2" face="Times New Roman">By:</font></p>  </td>
  <td width="95%" valign="bottom">
  <p>
<font size="2" face="Times New Roman">FIRST AMERICAN EXCHANGE</font></p>  </td>
 </tr>
 <tr>

  <td >

  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  height=30 valign="bottom">
  <p>
<font size="2" face="Times New Roman">COMPANY, LLC, a Delaware   limited liability company<br>   Its Sole Member</font></p>  </td>
 </tr>
</table>

<p align="center">
<font size="2" face="Times New Roman">16</font></p>

<div style="page-break-before:always"></div>
<PAGE>
<br>

<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">By:</font></p>  </td>
  <td width="40%" valign="bottom">
  <p>
<font size="2" face="Times New Roman">/s/ Steven P. Katkov</font></p>  </td>
  <td width="50%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="2" face="Times New Roman">Steven P. Katkov</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="2" face="Times New Roman">Vice President</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
</table>

<p>
<font size="2" face="Times New Roman"><b>EXCHANGOR:</b></font></p>
<p>
<font size="2" face="Times New Roman">NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION<br> a Minnesota corporation</font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="5%" valign="bottom">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">By:</font></p>  </td>
  <td width="40%" valign="top">
  <p>
<font size="2" face="Times New Roman">/s/ Matthew C. Wolsfeld</font></p>  </td>
  <td width="50%" valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="2" face="Times New Roman">Matthew C. Wolsfeld</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p><font size="2" face="Times New Roman">Chief Financial Officer</font></p>  </td>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
</table>

<p><font size="2" face="Times New Roman"><b>EXCHANGOR&#146;S TAXPAYER I.D. NUMBER:</b>&#160; 41-0857886</font></p>

<p align="center">
<font size="2" face="Times New Roman">17</font></p>


</body>

</html>
</TEXT>
</DOCUMENT>
