Office Evolution Overview_FLIP BOOK

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Industry Overview

OE Overview

Team & Timeline

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Landlord Relationships

OE vs. WeWork

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Locations

Corporate Support

Customer Profile

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ansaction Timeline

Sample Floorplans

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INDUSTRY OVERVIEW 5M

5 million sf/year – the amount of new coworking inventory that has come on the market starting in mid 2015 30% Estimated office stock ( 30% ) that will be attributed to coworking space by 2030 50% 50% of enterprise companies will be involved in the shared space industry by 2020. 3.8M The number of coworking members will rise to a staggering 3.8 million by 2020.

Source: Cushman & Wakefield

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Industry Overview

OE Overview

Team & Timeline

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OFFICE EVOLUTION OVERVIEW

2003 Founded in Boulder, CO #1 In Coworking Category on Entrepreneur Franchise 500 65+ Current number of locations. We are growing rapidly and are projected to be the 4rd largest operator by EOY 2019.

#160 On the 2017 Entrepreneur Franchise 500 5th Largest shared space franchisor in the U.S. (based on locations) 85%+ Average occupancy for locations open 1+ years

3 YEAR PLAN

90+ CENTERS (PROJECTED)

5TH LARGEST franchisor currently in the country 4TH LARGEST franchisor projected by EOY 2019 3RD LARGEST franchisor projected by EOY 2020

70+ CENTERS (PROJECTED)

60 CENTERS

2018

2019

2020

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MEET OUR TEAM

Mark Hemmeter | Founder and CEO Mark founded Office Evolution in 2003 and serves as CEO. Prior to founding Office Evolution, he was a developer and operator of hospitality properties including resort hotels, casinos, retail stores and restaurants in Colorado, Hawaii, Louisiana, California, Mexico and the Caribbean. His passions in business include real estate development, technology and supporting entrepreneurs. He is an active member of YPO/ WPO and has been a member of ULI, Vistage, NAIOP, and the CU Real Estate Council. He loves to explore and so far has visited 44 countries and climbed seventeen 14,000+ foot peaks in Colorado. Originally from Honolulu, Mark graduated the University of Colorado College of Business. He has been married for 27 years to Lisa and has three daughters.

Paola Olson | Franchise Real Estate Manager Paola is a Franchise Real Estate Manager and has diverse background in the Commercial Real Estate Industry. Her experienced started in Cleveland, Ohio working for a small real estate developer as a leasing agent, property manager and tenant rep. Over the last two decades, Paola has represented multiple National brands; including Hollywood Video, Enterprise Rent a Car, Franchise Brands; Plato’s Closet, Once Upon a Child, Play It Again Sports, Music GO Round and Title Boxing Club throughout the country as well as Canada, Puerto Rico and Mexico. In addition to representing tenants, Paola has represented Landlords as a leasing agent, project manager and property manager for Retail, Professional and Medical Office Properties.

TIMELINE

2008-2010

2003

Mark Hemmeter, Founder & CEO, and partners opened first location in Boulder, CO

Continued to grow through the recession, operating 8 company owned locations

Honed our business model through opening, operating, moving and remodeling company owned locations

2003-2012

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IN-HOUSE SUPPORT

PROJECT MANAGEMENT

DESIGN COORDINATOR

John Lijoi | Project Manager John joined Office Evolution in April 2019. As Project Manager, he assists franchisees with the initial design of their space and works closely with them during the buildout of their location. He has twenty years of experience in the construction industry, including projects ranging from residential properties, multi-unit townhomes and large commercial projects. John also has five years of experience in the technology industry, which includes the installation and maintenance of structured cabling as well as IT management for small and medium sized businesses. His project management experience is custom tailored for the OE model and also includes the oversight of data-tracking installations at utility-sized solar projects across North America.

REAL ESTATE COORDINATOR

2013

2019

2015

Reached 20+ open locations

Opened first franchise- owned location in Cherry Creek in Denver, CO

65+ open locations and counting (goal is to exceed 70 locations by end of year)

Opened first out-of-state franchise locations in NJ, CA and UT; ended year at 13 open locations

Launched franchising

Reached 30+ open locations

2012

2014

2017

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OE vs. WeWork

LOCATIONS Open and/or in Development

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CORPORATE SUPPORT Office Evolution’s business model, which includes executive suites, co-working spaces, and shared conference rooms, is designed to be convenient for professionals, from our flexible memberships to our suburban locations. Our approach works.

HERE’S WHY

Tried and True Model

16 Years Experience

Franchisee Success is OE Success

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CORPORATE SUPPORT Office Evolution is focused on Franchisee success. This support, backed by unparalleled corporate systems, allows Franchisees to focus on business development and customer service.

AREAS OF SUPPORT

Project Management & Design

Marketing & Lead Generation

Customer Billing & Collections

Phone Answering/ Call Center

Technology Support

Ongoing Training

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CUSTOMER PROFILE

Office Evolution’s target customer is an ESTABLISHED suburban professional, solo operator or field team. Our customers are MORE RELIABLE AND PROFESSIONAL than our coworking competitors.

CUSTOMER INDUSTRIES

REAL ESTATE/ MORTGAGE LENDERS

ATTORNEYS

ACCOUNTANTS

CONSULTANTS

HEALTH & SOCIAL SERVICES PROFESSIONALS

MARKETERS

TECH SUPPORT PROVIDERS

FINANCIAL ADVISORS

Real Estate Broker

Accountant, Bookkeeper, Tax Preparer

Attorney

Personal Services

Real Estate Services

TOP 10 INDUSTRIES

Financial Investments

Other Professional, Scientific & Technical

IT Services

Health and Counselor

Business Support

Attorney

Financial Investments

Health and Counselor

Business Support

IT Services

Other Professional, Scientific & Technical

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Industry Overview

Real Estate Services OE Overview

Team & Timeline

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Personal Services Real Estate Broker

Accountant, Bookkeper, Tax Preparer

LANDLORD RELATIONSHIPS Office Evolution is trusted by top landlords across the country.

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THE OFFICE EVOLUTION DIFFERENCE

OWNERSHIP

Franchisee owner

Corporate backed

Corporate-owned locations lacking recourse options in the event of default

Individual business owner with personal financial liability at stake

ACCOUNTABILITY

Stable, local professional services: • Attorneys • Accountants • Consultants • Insurance providers • Realtors

• Volatile startups • High-growth tech • Large enterprise occupiers

TARGET CLIENTS

High-end finishes with a focus on aesthetics despite high tenant improvement costs

Efficient space designed to minimize tenant improvement costs Focused on individual, profitable locations and a conservative expansion strategy

DESIGN

EXPANSION STRATEGY

Focused on market share and aggressive growth

IDEAL LOCATION

Suburban

Urban core

IDEAL BUILDING

Suburban class B+ mid rise

Class A trophy high rise

IDEAL SIZE

6,000 - 10,000 square feet

30,000 - 100,000+ square feet

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“ Office Evolution enables me (and now my team!) to work in a professional office setting for a very reasonable price, in a super convenient location. As a small nonprofit, this was hard to find anywhere else. —Yosef Gillers Founder & Executive Director of GrowTorah Office Evolution is the perfect balance of great location, competitive pricing, and flexibility. It also does a good job providing a professional work atmosphere without feeling like you are working in a library. —Nathan Zezula Founding Partner of Lueker Mott Zezula LLC Office Evolution has been nothing short of amazing in helping with the success of my business! The office manager was able to show me the missing pieces to my new entrepreneurship. Thank you, Office Evolution, for being the all-inclusive location for my small business needs. —Whitney Scott Founder, Thrive CPR

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TRANSACTION TIMELINE

Paola Olson Franchise Real Estate Manager

SITE SELECTION

DUE DILIGENCE

NEGOTIATION

ACCOUNT MANAGEMENT

+

BEST-IN-CLASS Local Expertise

Terri Winter Of Counsel

Steve Billigmeier Executive Managing Director

Sid Dixon Senior Associate

LEGAL

TRANSACTIONS

STRATEGIC REAL ESTATE PARTNERS

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12 MONTHS AVERAGE TRANSACTION PROCESS FROM START TO FINISH

John Lijoi Project Manager

LEASE SIGNED

DESIGN & CONSTRUCTION

GRAND OPENING

FURNITURE

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SAMPLE FLOOR PLANS

7,000 SQUARE FEET

FinishPlanGeneralNotes

FinishPlanKeyNotes

Symbol Legend

Submittals - Contractor to submit samples of all finishes toNELSON for approval prior to ordering/installation.

Floor Finish - Transition

1. Existing SurfacesRepair The Contractor shall retouch or refinish surfaces damaged by subsequentwork. 2. Existing Surfaces

Office 114

Office 115

Key - Floor Finish

CPT-1

Office 116

Office 117

Office 118

CornerGuard - Provide and installwall edge protection on all outside corners. Specification: TBD

Office 113

Contractor shall examine all surfaces to be finished under this contract and see that thework of their trades has been installed in satisfactory condition to receive paint, stain or specified finish. The application of the first coat of any finish process shall constitute acceptance by the Contractor of the surface. 3. Existing Finishes Where new finishes are adjacent to existing finishes,materials shall be installedwith no definitive transitions between existing and new finishes. 4.MaterialPackaging/ Storage/ Installation Materials shall be delivered in their original cartons as packaged by themanufacturer andmust bear the originalmanufacturer's labels. Contractorwill be responsible for receiving and storing such goods. Materials stored on the site shall be protected from damage bymoisture,wind, sun, abuse or any other harmful affects.Damagedmaterialswill be rejected andmust be replaced. All materials shall be installed and finished according tomanufacturer's specifications. 5.Preparation for Installation Contractor shall examine conditions concerning substrates and surfaceswhere finishwork is to be performed. All substrates and surfaces to receive finishes shall be free of dirt and debris prior to installation. Both the substrate and surface preparation shall be in accordancewith the manufacturer's recommendations. 6.Carpet Contractor shall submit three (3) sets of carpet samples toNELSON for approval prior to field execution. Contractor shall ensure that carpet supplied for an individual installation be from the samemanufacturing run, of uniform color, texture and pattern. 7.Carpet Installation All flooring shall be installed permanufacturer's recommendations regarding adhesives, seaming, direction, etc. Carpet installer shall ensure that carpet nap runs in the same direction. Carpet to carpet transitions at door shall occur directly under line of closed door. 8.Carpet Stock The Contractor shall verifywhether or not the Tenantwould like to store any large usable carpet remnants prior to discarding. 9.Base Contractor shall allow rubber base to run continuous around corners. Do not use pre-molded base or pieces less than18" long. Basematerial shall be installed flush to floor surface. 10. Transitions Contractor shall provide rubber transition strips between carpet and LVT/VCT tomatch rubber base. 11.Paint All painted surfaces shall receivemanufacturer's recommended primer coat and (2) coatsminimum specified finish. 12.Paint Submittals Contractor shall submit three (3) sets of8" x10" paint samples toNELSON for approval prior to field execution. 13.Paint Stock Contractor shall leave remaining paint (1 gallonminimum) of each color clearly labeledwith "Color Name" and Finish Key "P-#"with Tenant for future touch-up needs. 14.Wallcovering Wall or surfaceswithwallcovering finishes shall be primedwith sizing prior towallcovering installation. Wallcovering installations shall not terminate at outside corners or reveals. If it is necessary to terminatewallcovering on a flatwall or outside corner, provide edgemold: Outside Corners: Koroseal, KorogardOC12 AluminumOutside Corner Trim Piece FlatWalls: Koroseal, Korogard JC12 J-Molding 15. CleanUp Upon completion of all finish applications, allmaterials and equipment shall be removed. Contractor shall ensure that paint and glue spots are removed and that all areas are left clean and free of dust, dirt and debris. 16. Interior FinishCodeCompliance Finish requirements per2012NFPA101 Section38.3.3 Interior Finish forNewBusiness Occupancies: 38.3.3.1 Interior finish shall be in accordancewith Section10.2. 38.3.3.2.1 Interiorwall and ceiling finishmaterial complyingwith Section10.2 shall be Class A or ClassB in exits and in exit access corridors. 38.3.3.2.2 Interiorwall and ceiling finishes shall be Class A, ClassB, or Class C in areas other than those specified in38.3.3.2.1. 38.3.3.3.1 Interior floor finish shall complywith Section10.2. 38.3.3.3.2 Interior floor finish in exit enclosures shall be Class I or Class II. 38.3.3.3.3 Interior floor finish shall complywith10.2.7.1 or10.2.7.2, as applicable. 12 13 14 15 16

CPT-2

CPT-2

Key - Wall Finish

P-1

CPT-2

CPT-2

CPT-2

CPT-2

Key - Note

F1

Finish Schedule CPT-1 Carpet Tile Manufacturer: Patcraft Style: Color Pop10381 Color: Retro Pop00650 Installation: Coordinatewith Tenant

P-1 Paint Manufacturer: TBD Color: TBD Two (2) coats eggshell To be used throughout unless otherwise noted. P-2 Trim Paint Manufacturer: TBD Color: TBD Two (2) coats semi-gloss To be used on h.m. frames throughout.

Office 112

CPT-2

Office 119

Office 123

Office 120

Office 122

Office 121

To be used throughout unless noted otherwise. Contact TracyRoanwithPatcraft@ 404.316.4631 CPT-2 Carpet Tile Manufacturer: Patcraft Style: ColorBlock10382 Color:00650 Installation: Coordinatewith Tenant To be usedwhere indicated. Contact TracyRoanwithPatcraft@ 404.316.4631 LVT-1 Luxury Vinyl Tile Manufacturer: Patcraft Style:North Ridge1206V Color: Irish Cream02150 Size:3 x36 Pattern: Coordinatewith Tenant To be usedwhere indicated. Contact TracyRoanwithPatcraft@ 404.316.4631

CPT-2

CPT-2

CPT-2

CPT-2

CPT-2

Office 111

CPT-2

P-3 Accent Paint Manufacturer: TBD Color: TBD Two (2) coats eggshell Locations TBD PL-1 Plastic Laminate Manufacturer: Formica Color: Ebony9012 SeeDetails PL-2 Plastic Laminate Manufacturer: Formica Color:NeutralWeft5875 SeeDetails

Office 110

Office 108

Office 124

Office 125

CPT-2

CPT-2

CPT-2

CPT-2

Office 109

CPT-2

CPT-1 P-1 RB-1

Typ. Typ.

Office 106

Break 126

Typ.

Office 107

VCT-1 Vinyl Composition Tile Manufacturer: TBD Style: TBD Color: TBD Size:12 x12 To be usedwhere indicated.

CPT-2

CPT-2

Copy/Mail 128

Office 105

RB-1 RubberBase Manufacturer: Johnsonite Style:4" Cove Color:48-Gray To be used throughout.

Drop In 127

CPT-2

Conference2 129

Office 104

CPT-1

CPT-2

Reception 100

IT 130

VCT-1

LVT-1

Office 103

Conf. 1 131

Office 102

Office 101

CPT-2

CPT-1

CPT-2

CPT-2 23

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A.

REFERTOSHEETA201FORFINISHLEGENDAND FINISHPLAN ISNOTREPRESENTATIVEOFALLFIN DETERMINEAVAILABILITYOFALLMATERIALSDU BIDDINGANDPRICINGPHASE. BRINGANYDELIV MAYCAUSECOORDINATIONPROBLEMSDURING STAGESOFCONSTRUCTIONTOTHEATTENTION ARCHITECTASSOONASPOSSIBLE. EXTENDALLFINISHES (INCLUDINGPAINT)BENEA ANDAROUNDALLNEWANDEXISTINGTOREMAIN CASEWORK,EQUIPMENT,SIGNAGE,ETC.WHETH INDICATEDORNOT. PROVIDEAND INSTALLRUBBERTRANSITIONSTRI RUBBERBASEBETWEENCARPET. REFERTOSH FORFLOORTRANSITIONDETAILS. ALIGNALLFLOORINGTRANSITIONSWITHCENTE DOORORFACEOFADJACENTWALLUNLESSNOT OTHERWISE. PROVIDE LEVEL 5FINISHATALLDIRECTAPPLIED GRAPHIC/FILMWALLSANDMARKERBOARDPAINT

Z

B.

Finish Plan Scale:1/8"= 1'-0"

1 I-7

Y

11,000 SQUARE FEET

C.

X

D.

W

E.

F.

V

OFFICE 137

OFFICE 144

G.

FLOORINGTOBECPT-01UNLESSNOTEDOTHER

OFFICE 145

OFFICE 139

OFFICE 140

OFFICE 141

OFFICE 142

OFFICE 143

H.

WALLBASETOBERWB-01UNLESSNOTEDOTHE

U

I.

WALLFINISHTOBEPNT-01UNLESSNOTEDOTHE

DROP-IN 138

J.

DOORFRAMESTOBEPNT-05UNLESSNOTEDOT

T

K.

GYPSUMBOARDCEILINGSANDSOFFITSTOBEP UNLESSNOTEDOTHERWISE.

1 TYP.

OFFICE 136

1 TYP.

OFFICE 146

S

OFFICE 131

OFFICE 135

OFFICE 134

OFFICE 133

OFFICE 132

GENERAL NOTES 1/8"= 1'-0"

R

R

2

OFFICE 130

Q

OFFICE 147

OFFICE 124

2"STAINLESSSTEEL 4'HIGHCORNERGUARDATAL OUTSIDECORNERS,ABOVEBASE,TYP.

1

OFFICE 126

OFFICE 127

ALIGNFINISHES

2 3

BREAKROOM 125

P

MATCHEXISTINGFINISHES

OFFICE 129

OFFICE 148

IT 128

N

OFFICE 123

3

CPT-01

FE

CORRIDOR 149

M

COATS 122

3

CPT-02

COPY/MAIL 102

OFFICE 121

OFFICE 122

OFFICE 117

OFFICE 116

L

LVT-01

HUDDLE 2 113

HUDDLE1 114

K

RECEPTION 101

OFFICE 104

OFFICE 120

OFFICE 119

OFFICE 118

OFFICE 115

J

1 TYP.

1 TYP.

CONFERENCE 103

OFFICE 105

OFFICE 112

H

G

OFFICE 106

OFFICE 107

OFFICE 108

OFFICE 109

OFFICE 110

OFFICE 111

F

E

Construction specifications are available for test fit and pricing.

D

C

N

B

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FINISH PLAN 1/4"=1'-0" Corporate Support A08

KEYNOTES 1/8"= 1'-0" Customer P A

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357 South McCaslin Boulevard Louisville, Colorado 80027 officeevolution.com