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Exhibit `E' <br />Real Property <br />Proiect Description <br />We are removing an old O'Brien Paint building and replacing it with <br />an 8,294 sq. ft. state of the art specialty adhesive mixing operation as <br />well as adding a 22, 525 sq. ft. warehouse to support the operation. <br />Removal of the very old building will be a major improvement to this <br />area located on Washington Street. There will be approximately .7 <br />acre of land that will be used to support the manufacturing and <br />warehousing of this operation. <br />Nature of Our Business <br />Royal Holdings, Inc. is headquartered in South Bend, Indiana. Royal <br />Adhesives is a maker of specialty adhesives for use in industrial and <br />commercial settings. <br />