The document summarizes strategies for buying and selling contaminated properties, including: 1) Using state voluntary cleanup programs (VCP) and municipal setting designations (MSD) to limit liability and allow property redevelopment. 2) Conducting environmental due diligence to understand contamination issues and their potential impact on property value. 3) Managing environmental liabilities through deal structures, indemnification agreements, and land use restrictions.

1. Practical Solutions for Buying and Selling Contaminated Properties Presented by: W&M Environmental Group, Inc & Gardere Wynne Sewell LLP Houston Commercial Real Estate Network January 4, 2008

2. Full service environmental consulting firm with offices throughout Texas. Leading Provider of environmental due diligence to real estate lenders, brokers, and investors. 90 VCP/IOP Sites 10 MSD Sites

3. Environmental Practice Group has 17 attorneys in Houston and Dallas Degrees in Engineering, Geology and Health Sciences Assist clients in closing real estate deals with potential environmental issues. Experience with VCP, IOP and MSD Programs Extensive Environmental Litigation Experience in state and federal court

4. #1 Make Money $$$ #2 Limit liability from off-site Third Party Lawsuits #3 Avoid future problems during re-sale of property. #4 Allows you to negotiate price and timing with seller. #5 You buy it, you own it – the good with the bad.