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EXCEPT THEREFROM the following described parcel of land: <br />Beginning at point marking the intersection of the Stockton Deep Water Channel with the <br />northeasterly projection of the easterly line of the 8.735 acre parcel as shown on the Map, filed in <br />Book 32 of Surveys, at Page 119, San Joaquin County Records; thence along said easterly line <br />and the easterly line of the Parcel shown on the Map filed in Book 4 of Surveys, at Page 259, San <br />Joaquin County Records South 22° 19' 17" West 1,398.81 feet to a point in the northeasterly line <br />of Industrial Road; thence along said northeasterly line North 67° 40' 43" West 1,000.00 feet to <br />the southwesterly comer of the Parcel shown on the Map filed in Book 5 in Survey's, at Page 89, <br />San Joaquin County Records; thence along the westerly line of last said Parcel North 22° 19' 71" <br />East 1,382.29 feet to a point in the centerline of the Stockton Deep Water Channel; thence along <br />said centerline South 68° 37' 29" East 1,014.00 feet to the point of beginning. <br />The basis of this description and accompanying map is the "City of Stockton G.I.S. System Base <br />Map" which is based upon the California Coordinate System 83, Zone 3. <br />AREA — PARCEL ONE: 1,561 acres, more or less. <br />#03327 <br />10/09/03 <br /> <br />Jones, P. David Jones, P. . . #6173 <br />Dated: 10/09/03 <br />f:\02409\legdesc2.doc Page 4 <br />Siegfried Engineering, Inc.