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the Point of Beginning; and including Beginning at the Southwest corner of the Northeast Quarter of Section 15, Township 2 South, Range 24 West, Okaloosa County, Florida; thence South ( South 00 degrees 04 minutes 04 seconds East, as surveyed) along the West line of the Southeast Quarter of said section a distance of 2, 010. 17 feet, more or less, to the centerline of Highway 98 State Road 30); thence Northwesterly ( North 81 degrees 38 minutes 46 seconds West, reference bearing) along said highway centerline a distance of 480.94 feet, more or less; thence North 00 degrees 06 minutes 46 seconds West, a distance of 1927. 36 feet, more or less, to the South line of the Northwest Quarter of said section 15; thence East North 89 degrees 50 minutes 59 seconds East, as surveyed) along said South Quarter section line a distance of 479. 88 feet, more or less, to the Point of Beginning; and including That property known as Garnier Beach according to the Amended Map of Garnier Beach recorded in Plat Book 1 at Page 156 in the Office of the Clerk of the Circuit Court at Okaloosa County, Florida, being more particularly described as follows: All that part of Government Lot 1 and South half of Government Lot 2, Section 12, Township 2 South, Range 24 West, Okaloosa County, Florida, lying East of Florida State Highway No. 85 ( Eglin Parkway); and including Mariner Plaza: A parcel of land lying in the South half of Government Lot 2, Section 12, Township 2 South, Range 24 West, all lying and being in Okaloosa County, Florida, more particularly described as follows: Beginning at the Southwest corner of Lot 1 , Block 3, Bella Vista Subdivision, Okaloosa County, Florida, as recorded in Plat Book 1 at Page 109 of the Public Records of Okaloosa County, Florida; thence Easterly along the South line of said Bella Vista Subdivision a distance of 769. 0 feet to a point on the Westerly right- of-way line of State Highway No. 85, thence Southwesterly deflecting at an angle of 115 degrees 33 minutes to the right and along Westerly right- of-way line of said Highway a distance of 191. 64 feet to a point of curve ( radius = 1859. 86 feet delta angle 07 degrees), thence Southwesterly along said curve for 227. 27 feet to the point of tagency, thence continue along right- of-way line for 211 .8 feet, thence 112 degrees 40 minutes right for 344 feet, thence 27 degrees right for 38 feet, thence 11 degrees right for 644. 03 feet, thence 41 degrees 30 minutes right for 71. 68 feet, thence 52 degrees 17 minutes right for 10 feet to the Point of Beginning; and including Page 2 oi 19 EXHIBIT B Property at Southwest corner of Eglin Parkway NE and South Avenue: Commence at the Northwest corner of Government Lot 1, Section 12, Township 2 South, Range 24 West, Okaloosa County, Florida; thence East 502 feet to the West side of State Road 85; thence angle right 115 degrees 13 minutes and run Southwesterly along said road 11 feet to the Point of Beginning of the tract of land herein described; thence continue Southwesterly along West side of said road 154 feet, thence angle right 90 degrees 00 minutes and run Northwesterly 150 feet, thence angle right 90 degrees 00 minutes and run Northwesterly 83. 31 feet to a point 10 feet South of the North line of said Lot 1, thence East parallel with said North line 165. 78 feet to the Point of Beginning; and including Property at Northeast corner of Eglin Parkway N and South Street NE: Lot 1, less that part conveyed to the State of Florida in special warranty deed recorded December 12, 1956, in Official Records Book 35, Page 311 , of the Public Records of Okaloosa County; all of Lots 2 through 8, inclusive; the South 35 feet of Lot 9; and all of Lots 11 through 19, inclusive; in Block 6, Bay View, as recorded in Plat Book 1, Page 26, of the Public Records of Okaloosa County, Florida; and inctuding Alley at Northeast corner of Eglin Parkway N and South Street NE: A portion of a platted 20. 00 foot alley lying in Block 6 according to Bay View, as recorded in Plat Book 1, Page 26 of the Public Records of Okaloosa County, Florida, described as follows: Begin at the Southeast corner of Lot 1, Block 6, Bay View, as recorded in Plat Book 1, Page 26 of the Public Records of Okaloosa County, Florida, said point lying on the Northwesterly line of said 20. 00 foot platted alley and the North Right of Way of South Avenue; thence departing said North Right of Way line run North 27 degrees 16 minutes 30 seconds East along said Northwesterly line, a Distance of 584. 54 feet to the Northeast corner of the South 35. 00 feet of Lot 9, Block 6 of the aforesaid plat; thence departing said Northwesterly line run South 62 degrees 43 minutes 30 seconds East along the Southeasterly extension of the North line of said South 35. 00 feet, a distance of 20. 00 feet to a point lying on the Southeasterly line of said platted alley, said point also being the Northwest corner of the South 35. 00 feet of Lot 18, Block 6 of said plat; thence departing said Southeasterly extension run South 27 degrees 16 minutes 30 seconds West along said Southeasterly line of said South Avenue, said point also being the Southwest corner of Lot 11, Block 6 of said plat; thence departing said Southeasterly line run North 87 degrees 58 minutes 54 seconds West along said North Right of Way line a distance of 22. 11 feet to the Point of Beginning. Containing 11 , 597 square feet or 0. 27 acre more or less. and including Page 3 of 19 EXHIBIT B INDUSTRIAL PARK AREA WEST OF MARY ESTHER CUT- OFF Beginning at the point of intersection of the West right- of-way line of State Road No. 393 ( formerly State Road No. 189) and the South line of Section 9, Township 2 South, Range 24 West, Okaloosa County, Florida, proceed West along the South line of said section to the Northeast corner of Hurlburt Homes, a subdivision recorded in Plat Book 3 at Page 81 of the Public Records of Okaloosa County, Florida; thence proceed along the perimeter of said Hurlburt Homes as follows: delta angle left 89 degrees 53 minutes 49 seconds for a distance of 440. 0 feet; thence delta angle right 89 degrees 53 minutes 49 seconds for a distance of 110. 0 feet; thence delta angle right 90 degrees 06 minutes 11 seconds for a distance of 40. 0 feet; thence delta angle left 90 degrees 00 seconds for a distance of 66. 0 feet; thence delta angle right 90 degrees 00 seconds for a distance of 34. 0 feet; thence delta angle left 90 degrees 06 minutes 11 seconds for a distance of 317. 55 feet; thence delta angle left 89 degrees 53 minutes 11 seconds for a distance of 55 feet; thence delta angle right 90 degrees 00 seconds for a distance of 66. 0 feet; thence delta angle right 90 degrees for a distance of 30 feet; thence delta angle left 90 degrees 08 minutes 15 seconds for a distance of 110. 0 feet; thence delta angle right 90 degrees 08 minutes 15 seconds for a distance of 391. 0 feet to the Northwest corner of said Hurlburt Homes, said point also being on the South line of said Section 9; thence West along the South line of said section a distance of 2, 677. 30 feet to the Southwest corner of said Section 9 and the Northeast corner of Section 17, Township 2 South, Range 24 West; thence South along the East line of said Section 17 to the Southeast corner of the Northeast Quarter of said Section 17; thence West along the South line of said Northeast Quarter to the Southwest corner of said Northeast Quarter, also being a point on the Eglin Air Force Base boundary; thence North along the West line of said Northeast Quarter and said Eglin AFB boundary to the Southwest corner of the Southeast Quarter of Section 8, Township 2 South, Range 24 West; thence continue North along the West line of the Southeast Quarter of said Section 8 and Eglin AFB boundary to the Northwest corner of the Southeast Quarter of said Section 8; thence East along the North line of the Southeast Quarter of said Section 8 to the Northwest corner of the Southwest Quarter of said Section 9; thence continue East along the North line of the Southvvest Quarter of said Section 9 to the Northeast corner of the Northwest Quarter of the Southwest Quarter of said Section 9; thence South a distance of 63. 3 feet more or less; thence West a distance of 98 feet; thence South a distance of 226. 6 feet more or less; thence West a distance of 330 feet; thence South a distance of 50 feet; thence West a distance of 132 feet to a point on the East line of the West Half of the Northwest Quarter of the Southwest Quarter of said Section 9; thence South along said East line to the Southeast corner of said West Half; thence East along the North line of the South Half of the South Half of said Section 9 to a point 225 feet West of the Southeast corner of the West 20 acres of the Northeast Quarter of the Southwest Quarter of said Section 9; thence North a distance of 200. 0 feet; thence East a distance of 75. 0 feet; thence South a distance of 200. 0 feet to a point on the North line of the South Half of the South Half of said Section 9; thence continue East along said North line to a point on the West right- of-way line of State Road No. 393; thence Southwesterly along said West right- of-way line to the Point of Beginning; LESS AND Page 4 oi 19 EXHIBIT B EXCEPT THE FOLLOWING DESCRIBED LOT: from the Southwest corner of the Northwest Quarter of the Southwest Quarter of Section 9, Township 2 South, Range 24 West, Okaloosa County, Florida, run North 89 degrees 58 minutes East, 203. 54 feet; thence run North 01 degrees 00 minutes West, 120 feet for a Point of Beginning; thence continue North 01 degrees 00 minutes West, 60 feet; thence North 89 degrees 00 minutes East, 138. 25 feet; thence South 00 degrees 45 minutes East 60 feet; thence South 89 degrees 00 minutes West, 138. 02 feet to the Point of Beginning. All above described land lying in Sections 8, 9, 16, and 17, Township 2 South, Range 24 West, Okaloosa County, Florida; and including Lots 21 through 28, inclusive, and 31 through 39, inclusive, Block 2, and Lots 1 through 19, inclusive, Block 3, Pineview Subdivision as recorded in Plat Book 2 at Page 106 of the Official County Records of Okaloosa County, Florida; and including Lot 6, Block 1, First Addition To Sylvania Heights Subdivision as described In Plat Book 2, Page 105 of the Official Records in and for Okaloosa County, Florida; Further with that Portion of Lovejoy Road Adjacent to and South of Lot 6, Block 1 , First Addition to Sylvania Heights as Vacated by the Board of County Commissioners, Okaloosa County by Resolution Dated March 23, 1965, and Recorded in Resolution Book 6A, Page 274, Public Records of Okaloosa County, Florida. and including Property on Hickory Street: Commencing at the Southeast corner of the West Twenty Acres of the Northeast quarter of the Southwest quarter of Section 9, Township 2 South, Range 24 West, and running North along the East line of said Twenty Acres 200 feet to a point of beginning, thence continue North along said line 50 feet to a point, thence West 200 feet to a point, thence South 50 feet to a point, thence East 200 feet to the point of beginning; and including 233 Hill ive ! 1': Commencing at the Northeast corner of the

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