Columbia Development Companies 302 Washington Avenue Extension Of?ce: (518) 862-9133 Albany, New York 12203 Fax: (518) 862?9443 Joseph R. Nicolla President (518) 862-9133, Ext. 4502 inicollaf?aolcom November 18, 2013 Mr. Thomas L. O?Brien, P.E. Associate Vice President for Innovation Infrastructure and Resources College of Nanoscale Science and Engineering 257 Fuller Road, NanoFab East Albany, New York 12203 Re: 7 BNMC Smart Pill Building (?Building?) Dear Mr. O?Brien: This is in response to your inquiry regarding the existing 24,000 square foot building which will be expanded to 47,000 square feet in a two (2) story structure and based upon the drawings and outline speci?cations you provided us regarding same. In order for the structure to meet speci?cations of ?Class A Of?ce Space? and assuming adequate storm water design and no required traf?c improvements, we offer the following: 3,000,000 Purchase Price of Property $10,850,000 Construction and Demolition 1,100,000 Architecture and Engineering Fees 950,000 Soft Costs $15,900,000 Total Excluded are costs for additional parking, structured parking, asbestos/hazardous material removal, additional storm water. If you require additional information or have further questions, please contact me directly. Sincerely, Columbia Development Companies Josep R. Nicolla, President