Matt Pufunt JLL Floor +1 312 228 3910 Confidential ......Materials contained in this Offering Memorandum are confidential, furnished solely for the purpose of considering an investment

Confidential Offering

Memorandum

8200 Ridgefield RoadCrystal Lake, IL

Matt PufuntJLL200 E. Randolph Dr.45th Floor+1 312 228 3910

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Table of Contents

1. Confidential Memorandum

2. Property and Site Description

3. Property Survey

4. Title Commitment

5. Operating Cost Details

6. Environmental

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Confidential

Memorandum

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Notice to and Undertaking by RecipientsThis Confidential Information Memorandum (the "Confidential Offering Memorandum") has been prepared solely for informational purposes from information supplied by or on behalf of Chemtool Incorporated (the "Company") and is being furnished by Jones Lang LaSalle, its exclusive Real Estate Advisor (the "Advisor"), to you in your capacity as a prospective investor/buyer (the "Recipient") in considering the proposed investment described herein (the "Investment").

BY ACCEPTING THE CONFIDENTIAL OFFERING MEMORANDUM FOR REVIEW THE RECIPIENT AGREES TO BE BOUND BY THE TERMS OF THIS NOTICE AND UNDERTAKING SET FORTH HEREIN. IF THE RECIPIENT IS NOT WILLING TO ACCEPT THE CONFIDENTIAL OFFERING MEMORANDUM AND OTHER EVALUATION MATERIAL (DEFINED BELOW) ON THE TERMS SET FORTH IN THIS NOTICE AND UNDERTAKING, IT MUST IMMEDIATELY RETURN THE CONFIDENTIAL OFFERING MEMORANDUM AND ANY OTHER EVALUATION MATERIAL TO THE ADVISOR IMMEDIATELY WITHOUT REVIEWING THE MATERIALS OR MAKING ANY COPIES THEREOF, EXTRACTS THEREFROM OR USE THEREOF.

I. Confidentiality

As used herein: (a) "Evaluation Material" refers to the Confidential Offering Memorandum and any other information regarding the Company or the Facilities furnished or communicated to the Recipient by or on behalf of the Company in connection with the Investment (whether prepared or communicated by the Advisor or the Company, their respective advisors or otherwise) and (b) "Internal Evaluation Material" refers to all memoranda, notes, and other documents and analyses developed by the Recipient using any of the information specified under the definition of Evaluation Material.

The Recipient acknowledges that the Company considers the Evaluation Material to include confidential, sensitive or proprietary information and agrees that it shall use reasonable precautions in accordance with its established procedures to keep the Evaluation Material confidential; provided, however, that (i) it may make any disclosure of such information to which the Company gives its prior written consent and (ii) any of such information may be disclosed to it, its affiliates and their respective partners, directors, officers, employees, agents, advisors and other representatives (collectively, "Representatives") (it being understood that such Representatives shall be informed by it of the confidential nature of such information and shall be directed by the Recipient to treat such information in accordance with the terms of this Notice and Undertaking). The Recipient agrees to be responsible for any breach of the Notice and Undertaking that results from the actions or omissions of its Representatives.

The foregoing confidentiality requirements do not apply to (i) any information to the extent it is or becomes generally available to the public other than through the Recipient’s breach of this agreement, (ii) any information that is available to the Recipient from a source other than the Company, provided that such source is not known to the Recipient to be subject to any obligations of confidentiality to the Company or its agents, (iii) any disclosure to the extent required by law or regulation or administrative or other legal process or to the extent requested by regulatory or governmental authorities, (iv) any disclosure that is consented to by the Company or (v) any information that is independently developed by the Recipient without use of or reliance on the Evaluation Material. In the event that the Recipient of the Evaluation Material decides not to participate in the transaction described herein, upon request of the Advisor, such Recipient shall as soon as practicable return all Evaluation Material (other than Internal Evaluation Material) to the Advisor or represent in writing to the Advisor that the Recipient has destroyed all copies of the Evaluation Material (other than Internal Evaluation Material) unless prohibited from doing so by the Recipient's internal policies and procedures.

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Notice to and Undertaking by RecipientsII. Information

The Recipient acknowledges and agrees that (i) the Advisor received the Evaluation Material from third party sources (including the Company) and it is provided to the Recipient for informational purposes, (ii) the Advisor and its affiliates bear no responsibility (and shall not be liable) for the accuracy or completeness (or lack thereof) of the Evaluation Material or any information contained therein, (iii) no representation regarding the Evaluation Material is made by the Advisor or any of its affiliates, (iv) neither the Advisor nor any of its affiliates has made any independent verification asto the accuracy or completeness of the Evaluation Material, and (v) the Advisor and its affiliates shall have no obligation to update or supplement any Evaluation Material or otherwise provide additional information.

The Evaluation Material has been prepared to assist interested parties in making their own evaluation of the Company and the Investment and does not purport to be all-inclusive or to contain all of the information that a prospective participant may consider material or desirable in making its decision to become an investor. Each Recipient of the information and data contained herein should take such steps as it deems necessary to assure that it has the information it considers material or desirable in making its decision to become an investor and should perform its own independent investigation and analysis of the Investment and the creditworthiness of the Company. The Recipient represents that it is sophisticated and experienced in underwriting assets subject to long term leases to entities similar to the Company. The information and data contained herein are not a substitute for the Recipient's independent evaluation and analysis and should not be considered as a recommendation by the Advisor or any of its affiliates that any Recipient enter into the Investment.

The Evaluation Material may include certain forward looking statements and projections provided by the Company. Any such statements and projections reflect various estimates and assumptions by the Company concerning anticipated results. No representations or warranties are made by the Company or any of its affiliates as to the accuracy of any such statements or projections. Whether or not any such forward looking statements or projections are in fact achieved will depend upon future events some of which are not within the control of the Company. Accordingly, actual results may vary from the projected results and such variations may be material. Statements contained herein describing documents and agreements are summaries only and such summaries are qualified in their entirety by reference to such documents and agreements.

III. General

It is understood that unless and until a definitive agreement regarding the Investment between the parties thereto has been executed, the Recipient will be under no legal obligation of any kind whatsoever with respect to the Investment by virtue of this Notice and Undertaking except for the matters specifically agreed to herein.

The Recipient agrees that money damages would not be a sufficient remedy for breach of this Notice and Undertaking, and that in addition to all other remedies available at law or in equity, the Company and the Advisor shall be entitled to equitable relief, including injunction and specific performance, without proof of actual damages.

This Notice and Undertaking embodies the entire understanding and agreement between the Recipient and the Advisor with respect to the Evaluation Material and the Internal Evaluation Material and supersedes all prior understandings and agreements relating thereto. The terms and conditions of this Notice and Undertaking shall apply until such time if any as you become a party to the definitive agreements regarding the Investment and thereafter the provisions relating to confidentiality contained in such agreements shall govern. If you do not enter into the Investment, the application of this Notice and Undertaking shall terminate with respect to all Evaluation Material on the date falling one year after the date hereof. This Notice and Undertaking shall be governed by and construed in accordance with the law of the State of Illinois.

PHOTOCOPYING OF OTHER DUPLICATION OF THIS EVALUATION MATERIAL IS NOT AUTHORIZED.

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Notice to and Undertaking by RecipientsAll communications, offers to purchase and inquiries with respect to the Property, unless specifically directed otherwise, should be made to the attention of:

Jones Lang LaSalle


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Executive

Summary

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Executive SummaryAs Exclusive Sales Agent to Chemtool Incorporated (collectively “Chemtool”), a wholly owned subsidiary of The Lubrizol Corporation, Jones Lang LaSalle is pleased to present the opportunity to acquire this prime site located at 8200 Ridgefield Rd (“Property”) situated in Crystal Lake, Illinois.

Offering Terms: Chemtool is seeking all cash offers from qualified buyers for the Property. Chemtool’s interest in the Property will be sold vacant on an “As-Is/With-All-Faults” basis.

In addition to the offered price, the Purchaser will be responsible for all applicable city transfer taxes, and have the understanding that specific County real estate taxes will be prorated, at closing, on a “cash” basis.

Property Description: The Property consists of a class “B”, production and warehouse facility with a Gross building area of approximately 133,529 square feet covering 45.84 acres. The property is made up of approximately 122,529 square feet of production/warehouse storage and 11,000 square feet of office/lab space. The property was originally built in 1963.

Site: The Property is located roughly 3 miles Northwest of the CBD of the Crystal Lake, Illinois and the current use of the site is a legally conforming use (see maps that follow Executive Summary). The Property is currently zoned I-2 (Heavy Industrial).

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Property and

Site Description

Space Breakout:

Office –11,000 SF

1st Floor

• 2 Conference rooms

• 2 private offices

• Open reception

2nd Floor

• Roughly 1,500 SF of Lab space

• 4 private offices

• 2 conference rooms

• Private storage

Warehouse/Production – 122,529 SF

• Contains Men’s & Woman’s Locker Room

• 12 Exterior Dock Doors

• 4 Interior Dock Doors

• 480 V Power MCC

• Control Office – roughly 200 SF (2 levels)

• Rail dock that can hold 6 tank cars

• Production Offices – roughly 14,000 SF (2 levels)

Total BuildingArea:

133,529 SF

Total Land Area: 45.84 acres (1,996,790 SF)

Zoning: I-2 Heavy Industrial

Frontage Ridgefield Road

Food Zoning: Flood Zone X

Property Overview

8200 Ridgefield Road, Crystal Lake, IL 60012

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Property and Site Description

2018 Real Estate Taxes: $143,293.33

Tax ID Acres Taxes

14-30-300-011 29.96 $138,650.66

14-30-152-006 2.49 $2,994.20

14-30-152-003 1.24 $1,612.26

13-25-277-002 12.14 $36.22

45.83 $143,293.33

Operating Costs

2017 2018 2019

Electrical $152K $147K $92K

Gas $57K $53K $42K

Water Property operates on well/septic

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Neighborhood Map

Area Map

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Property

Survey

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Property Survey

ALTA Survey Coming Soon

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Title

Commitment

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Title Commitment

Preliminary Title Coming Soon

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Operating

Cost Details

Operating Cost Details

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2017 2018 2019

Gas $57,000 $53,000 $42,000

Electric $152,000 $147,000 $92,000

Water* -- -- --

Total $209,000 $200,000 $134,000

* Property operates on well water/septic

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Real Estate

Taxes

Real Estate Tax Details

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Contacts

DISCLAIMER

Materials contained in this Offering Memorandum are confidential, furnished solely for the purpose of considering an investment in the Property described herein and are not to be used for any other

purpose or to be made available to any other person without the express written consent of Jones Lang LaSalle. The material is based, in part, upon information supplied by the Owner and, in part, upon

information obtained by Jones Lang LaSalle from sources they deem to be reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of

such documents, but rather only outlines of some of the principal provisions contained therein. No warranty or representation, expressed or implied, is made by Owner, Jones Lang LaSalle, its agent or any

of their related entities as to the accuracy or completeness of the information contained herein.

It is expected that prospective investors will conduct their own independent due diligence, projections and conclusions concerning the Property including such engineering and environmental inspections

as they deem necessary to determine the condition of the Property and the existence or absence of any potentially hazardous materials used in the construction or maintenance of the Property.

The only party authorized to represent the Owner is Jones Lang LaSalle, and the Owner and its agent shall not be obligated to pay any fees or commissions to any other advisor, broker or representative. Any

party entering into a transaction with Owner shall be obligated to pay any fees or commissions due any legal advisors, brokers or representatives, other than Jones Lang LaSalle, dealing with such party.

The Owner and Jones Lang LaSalle reserve the right to negotiate with one or more prospective investors at any time and to enter into a definitive agreement without prior notice to you or other prospective

investors. Owner and Jones Lang LaSalle also reserve the right, at any time, and without notice, to terminate further participation by any party in the review and proposal process and to modify procedures

without disclosing the reason for such modifications and without liability. Furthermore, such right includes the termination altogether of the offering process.


Documents

Matt Pufunt JLL Floor +1 312 228 3910 Confidential ......Materials contained in this Offering Memorandum are confidential, furnished solely for the purpose of considering an investment