Cottleville Corners Offering Memorandum

RENT ROLL TENANCY

Reimbursements

Leased Square Feet

Lease End

Rent Step Date

Annual Rent (PSF)

Monthly Rent ($)

Annual Rent ($)

Tenant

Suite

GLA % Lease Start

CAM INS

RET

EK & MJ Holdings, Inc.

104-105 2,612 4.5% 7/1/2016

8/31/2021

Current

$7.00

$1,524

$18,284

Net

Net

Net

d/b/a Cheers

9/1/2017

$7.50

$1,633

$19,590

9/1/2018

$8.50

$1,850

$22,202

9/1/2019

$10.00

$2,177

$26,120

9/1/2020 $10.75

$2,340

$28,079

Comments

Tenant has two (2) options to renew its lease for five (5) years each. Base rent for the first renewal term will be $11.00 PSF. Base rent for the second renewal term will be at the prevailing market rate.

Renewal Options:

Utility Services:

Tenant is responsible for separately-metered utilities for its Premises.

Permitted Use:

Tenant shall use its Premise solely as a Retail Liquor Store and for no other purpose without Landlord’s prior written consent.

Tenant has the exclusive use to operate a store whose primary sales are packaged liquor and/or tobacco, with the exception of any existing tenants in the shopping center. Please refer to section 13.1 (Special Agreements) of tenants lease regarding a special agreement between Tenant and Landlord regarding HVAC repairs and maintenance.

Exclusive Use:

HVAC Repairs & Maintenance:

Guarantor(s):

Rateb Alkfouf (individual).

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