AS PART OF A LARGER PLAN TO CREAT A MULTI-TENANT NONPROFIT CENTER THAT IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(25) OF THE INTERNAL REVENUE CODE, THE GULF COAST BUSINESS COUNCIL RESEARCH FOUNDATION, INC. ("THE FOUNDATION") TOOK TITLE TO A PARCEL OF REAL ESTATE ON NOVEMBER 30, 2007. THE FOUNDATION TRANSFERRED THE REAL ESTATE TO THE 501(C)(25) ORGANIZATION IN EXCHANGE FOR A MEMBERSHIP INTEREST IN SUCH ORGANIZATION ON JUNE 10, 2008. REVENUE REFLECTS A 30% ALLOCATION OF INTEREST IN THE ORGANIZATION'S NET FUNDS.