Asbestos inspection report, 130 Cedar Street, Dec 2004

NYC 9/11 Public Portal Document

JLC Environmental Consultants, Inc. 200 Park Ave. South - Suite 1001, New York, NY 10003 Phone: (212) 420-8119 - Fax: (212) 420-6092 Project No: 04-3271 Masterworks Development Corp. ELAP Lab Code: 11029 Analyte: ASBESTOS 56 West 45th Street NIOSH and AIHA Lab Code: 100273 Date Received: 12/22/2004 New York NY 10036 NVLAP Lab Code: 101953-0 Date Analyzed: 12/22/2004

SUMMARY OF ANALYTICAL RESULTS - PLM Batch #: 0404662

SITE: 130 Cedar Street

SAMPLE # Asbestos Non-Asbestos COLLECTED DESCRIPTION / LOCATION COLOR Asbestos Constituents Constituents LAB # Detected? (*/o) (%)

64519 Ceiling Skim Coat, Tan, Non- Tan No 12/21/2004 homogeneous, Friable 0404662-055 2nd Floor/ Between Columns 3,4 and G Non-Fibrous Material 100% and H/ Sample of Ceiling Skim Coat

649I9 Ceiling Skim Coat, Cream/ Brown, Non- Cream/ Yes Chrysotile 1.5% 12/21/2004 homogeneous, Friable Brown Anthophyllite <1% 0404662-056 2nd Floor/ Between Columns 3,4 and H Non-Fibrous Material 97.5% and I/ Sample of Ceiling Skim Coat

650J9 Dust/ Debris, Tan, Homogeneous, Friable Tan No Fibrous Glass 63% 12/21/2004 2nd Floor/ Sprinkler/ Stand Pipe Between Cellulose Fiber 15% 0404662-057 B, C and 3 and 4/ Sample of Dust/ Debris Synthetic Fiber 2% Non-Fibrous Material 20%

*Insufficient material submitted **TEM recommended ***Not analyzed positive stop Sample Analysis by: Polarized Light Microscopy-Dispersion Staining (PLM-DS) Method of Sammle Prenaration and Analysis: All samples were prepared and analyzed in accordance with the EPA "Method for the Determination of Asbestos in Bulk Building Materials" USEPA/ 600/R-93/116, July, 1993

Olympus PLM, Model BH-2/VM stereomicroscope Model VMZ lx-4x.

Analytical results reflect the make up of the materials only in the areas sampled. This "Summary of Analytical Results" shall not be reproduced except in full, without the written approval of JLC Laboratory, and it must not be used by client to claim product endorsement by NVLAP or any agency of the U.S. Government. This method is not applicable to samples containing large amounts of fine fibers below the resolution of the light microscope. The value of this method is limited to the quantitative identification of asbestos and the semi-quantitative determination of asbestos content of bulk samples, expressed as a percentage of the projected area. Quantitation of asbestos content was determined with a visual volume estimate, a calibrated visual area estimate, and/or point counting procedure. CAUTION: Other fibers with optical properties similar to asbestos may give positive interferences and will be considered asbestos under this methodology. Also, PLM is not consistently reliable in detecting asbestos in floor coverings and similar non-friable organically bound materials. Quantitative transmission electron microscopy is currently the only method that can be used to determine if this material can be considered or treated as non-asbestos containing.

ED Gulam Machhiwala, Lab Director Page 10 of 10 Report Date: December 27, 2004

NYC-WTC 000125665