Letter Agreement



 Exhibit 10.1 
  

			
	

	  	 1717 Main Street, Suite 3700
 Dallas, Texas 75201
 214.659.4400 Phone
 214.659.4401
Fax
 andrewskurth.com


 April 5, 2006 
 VIA ELECTRONIC MAIL 
 Paul Watson, Esq. 
 Sivyer Barlow & Watson, P.A. 
 100 South Ashley Drive 
 Suite 2150 
 Tampa, Florida 33602 
  

	 	Re:	Titan Holdings, LLC 

 Dear Paul: 
 On Friday, March 24, 2006, the United States District Court of the Southern District of New York (the “Court”), appointed William J.
Hoffman of Trigild Incorporated as receiver (“Receiver”) to take possession, custody and control of the Assets (defined below) of Titan Holdings, LLC (“Titan”), including without limitation the sixty-two (62) restaurants
identified on Exhibit “A” attached hereto (the “Restaurants”) and the “Collateral Revenues” (defined below), herein called the “Receivership”. 
 The following outlines the terms of a settlement agreement (the “Agreement”) among the Receiver, Checkers Drive-In Restaurants, Inc., as
franchisor and lessor (“Checkers”), and Wells Fargo Bank, National Association, as special servicer for LaSalle Bank National Association, as Indenture Trustee for the Holders of the MSDWMC Owner Trust 2000 F-1 Notes, Participating
Interests and Owner Trust Certificates, as lender (“Lender”), relating to certain loan obligations owed by Titan to Lender and secured by the Assets, the Collateral Revenues, and the Real Property (defined below), and the Receiver’s
operation of the Restaurants as “Checkers”: 
  

	1.	 Definitions. For purposes of this Agreement, the term “Assets” means Fixed Assets, Inventory, Cash, Insurance Proceeds, and the Real Property.
Fixed Assets means all modular units, machinery, equipment, furniture, fixtures, tools, signs, and other items of tangible personal property included in or located at the Restaurants or otherwise subject to Lender’s security interest. Inventory
means 



  

 CONFIDENTIAL – FOR SETTLEMENT PURPOSES ONLY 
 Austin        Dallas        Houston        London        Los
Angeles        New York        The Woodlands        Washington, DC 









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all food products, paper products, operational materials, uniforms, disposable items, and other consumable materials and supplies located at the Restaurants
or otherwise subject to Lender’s security interest. Cash means all cash at the Restaurants and utility deposits and prepaid insurance premiums and rent. Insurance Proceeds means any proceeds or claims to insurance relating to damage to any
Assets. Collateral Revenues shall have the meaning ascribed to such term in the Security Agreement and the Specified Asset Security Agreement between Lender and Titan, both effective March 30, 2000. Real Property shall mean Titan’s fee
simple interest in the location at 1035 Lee Road, Orlando, FL 32810. 


  

	2.	Disposition. 

  

	 	a.	Lender agrees to sell, transfer and convey the Assets to Checkers free and clear of all liens, claims and encumbrances (except for the Permitted Encumbrances defined in
Lender’s loan documents), and Checkers agrees to purchase the Assets from Lender (“Sale Transaction”) on the Closing Date (as defined below) in consideration for Checkers’ payment to Lender on the Closing Date of the amount of
$5,300,000.00 in cash or immediately available funds. The purchase and sale of the Assets (except for the Real Property) shall be conducted as a disposition of collateral under the applicable Uniform Commercial Code (collectively, the
“UCC”) and approved in a judicial proceeding of the Court (subject to the notice and other requirements as contained in such codes), and such dispositions shall discharge the Lender’s security interests and other security interests
and liens subordinate to the liens and security interests of Lender. The purchase and sale of the Real Property shall, at Lender’s discretion, either be (a) through the conveyance by the Receiver to Checkers by order of the Court with good
title to the Real Property to be insured under a title insurance policy issued in favor of Checkers and reasonably acceptable to Checkers, or (b) after Lender or its designee acquires title to the Real Property in a judicial foreclosure
proceeding (subject to the notice and other requirements required by applicable law) that forecloses mortgages, liens and other interests subordinate to the mortgage interest of the Lender. Lender shall comply with all applicable requirements of the
UCC and other applicable laws in connection with the Sales Transaction. 

  

	 	b.	 In the event that Lender determines in its discretion that it cannot consummate the sale, transfer and conveyance as provided in subparagraph (a), Lender shall
notify Checkers of its decision in writing. Upon receipt of such notice, Lender agrees to sell, transfer and convey the Assets to Checkers and Checkers agrees to purchase the Assets from Lender (“Sales Transaction”) on the Closing Date
(defined below) in consideration for Checkers’ payment to Lender on the Closing Date of the amount of $5,300,000.00 in cash or immediately available funds. The purchase of the Fixed Assets shall be after Lender or its designee acquires title to
the Fixed Assets in a judicial foreclosure proceeding (subject to the 



  

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notice and other requirements required by applicable law) that forecloses mortgages, security interests, liens and all other interests (except for the
Permitted Encumbrances defined in Lender’s loan documents). The purchase of the Cash and Insurance Proceeds shall be after Lender or its designee acquires such general intangibles by garnishment or attachment in a judicial proceeding (subject
to the notice and other requirements required by applicable law). The purchase of the Real Property shall be after Lender or its designee acquires title to the Real Property in a judicial foreclosure proceeding (subject to the notice and other
requirements required by applicable law) that forecloses mortgages, liens and all other interests (except for the Permitted Encumbrances defined in Lender’s loan documents). Lender shall comply with all applicable laws in connection with the
Sales Transaction. Lender shall also assign to Checkers, without recourse, the promissory note and all security documents. 


  

	3.	Cooperation; Order of the Court. Checkers, Lender and Receiver agree to use their commercially reasonable best efforts to obtain approval of an entry of an order of the
Court, in form and substance satisfactory to Checkers, Lender and Receiver, approving the Sale Transaction pursuant to the terms of this Agreement (the “Order”), and agree to sign and acknowledge any filings as necessary to seek the
expeditious approval of an entry of the Order. 

  

	4.	Closing. The closing of the Sale Transaction shall occur on the business day (“Closing Date”) immediately following the entry of the Order or such other date as
directed by the Order to allow for completion of the Sales Transaction in the manner set forth in this Agreement. 

  

	5.	Closing Date Deliveries. On the Closing Date, Lender and Receiver agree to execute any conveyance documents reasonably required in connection with the Sale Transaction.
Lender, Checkers and the Receiver agree to use good faith efforts to cooperate in the completion of such documents to effect the Sale Transaction on or prior to the Closing Date. Also on the Closing Date, Checkers and the Lender will execute mutual
releases of one another, except with respect to the obligations under this Agreement, and a release of the Receiver with respect to the Assets sold as part of the Sale Transaction and the Receiver’s operation of the Assets through the Closing
Date, in form and substance satisfactory to Checkers and Lender. In addition, on the Closing Date, Checkers and Lender will execute an agreement regarding Lender’s waiver of certain limitations on Checkers’ right to file and pursue
enforcement action of certain claims against Titan and its principals which are subordinate to Lender (without waiving any other rights or remedies of Lender). 

  

	6.	 Collateral Revenues. During the Receivership, all Collateral Revenues shall be held in trust for Lender and shall be accounted for and used to fund the
expenses of Receiver, payroll obligations, and ordinary course operational costs and expenses as approved by Lender. In no event shall Lender be responsible to fund 



  

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any shortfall or insufficiency of Collateral Revenues to satisfy unpaid payroll obligations and ordinary course operational costs and expenses. In no event
shall Checkers be responsible to fund any shortfall or insufficiency of Collateral Revenues to satisfy unpaid payroll obligations and ordinary course operational costs and expenses, except for any shortfall or insufficiency incurred during
Checkers’ operation of the Restaurants in accordance with paragraph 8 below. On and after the Closing Date, Checkers shall be responsible for all ordinary course operational costs, expenses and losses incurred as a result of Checkers’
operation of the Restaurants, and shall be entitled to all profits associated with the operations of the Restaurants. 


  

	7.	Franchise/Occupancy Rights. Checkers hereby grants the Receiver a limited license to operate the Restaurants as “Checkers” and a limited license to occupy any
leasehold sites where Restaurants are located (the “Leasehold Sites”) until the earlier to occur of (a) the Closing Date, (b) such date as the Receivership has been determined and/or adjudicated as finally terminated by the
Court, (c) a breach by Receiver of his obligations related to operation of the Restaurants (set forth herein below) that is not remedied or corrected within seven (7) days of written notice thereof to Receiver and Lender, or (d) six
(6) months following the date hereof. Receiver agrees to operate all of the Restaurants generally in accordance with the standards, policies and procedures as reasonably required by Checkers and to pay the franchise royalties and advertising
contributions (collectively, “Franchise Fees”) set forth on Schedule 1 attached hereto for the operation of the Restaurants as “Checkers” restaurants. Receiver further agrees to pay an amount equal to the pro-rated rent
due for the Leasehold Sites on a pass-through basis (collectively, “Rent”) as set forth on Schedule 2 attached hereto. The Franchise Fees shall be paid bi-weekly on the 15th of each month for the bi-weekly period ending the immediately proceeding month and at the end of the month for the bi-weekly period ending on the
15th of such month, pro-rated for any such period, if applicable. Accordingly, the first payment for Franchise Fees
shall be payable on April 15th for the bi-weekly period from March 25th, 2006 through March 31, 2006. The second payment for Franchise Fees shall be payable on April 30, 2006 for the bi-weekly period from
April 1, 2006 through April 14, 2006. The Rent shall be paid in arrears beginning on April 25, 2006 for the period commencing March 25th, 2006 and ending April 30, 2006, and thereafter, monthly, on or before the 25th of each month for the entirety of such month. 

  

	8.	 Closing of Stores. Subject to this Section 8 below, Receiver agrees not to close the Restaurants without reasonable prior written notice to
Checkers and Lender. In the event of any such notice, Checkers, Lender and Receiver agree to reasonably cooperate to transfer operations to Checkers in a manner that keeps the Restaurants open (subject to this Section 8 below). In the
event of such a transfer prior to the Closing Date, Checkers shall pay the Receiver rent for use of the Assets equal to a 10% cap rate based on the Purchase Price, annualized and prorated for such time period. Checkers shall be solely responsible
for all ordinary course operational costs, expenses and losses associated with its 



  

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operation of the Restaurants from the day it takes over operations forward, and shall be entitled to all profits associated with the operations of the
Restaurants. Upon transfer to Checkers, the Receiver shall continue to have reasonable access to the Restaurants to carry out his responsibilities to the Court and to Lender as part of the Receivership. Notwithstanding the foregoing, the inability
of the Receiver to continue operations of any Restaurant and closure of any such Restaurant (whether temporary or otherwise) by reason of an act of god, casualty, destruction, employee resignations, labor strike, vendor/supplier refusals to deliver
necessary inventory (not caused by the Receiver’s failure to pay for current deliveries made during the Receiver’s operation of the Restaurants), public health concerns or safety, and other occurrences beyond the control of Receiver, shall
not be deemed a closure under this Section 8 triggering a transfer of the Restaurants to Checkers, and Receiver agrees to give prompt written notice to Checkers and Lender of same. 


  

	9.	Current Rights and Proceedings Not Affected. Nothing herein shall alter or affect in any way Checkers’ or Lender’s rights or remedies in connection with any pending
legal action against Titan and or its principals. Further, notwithstanding anything contained in this Agreement to the contrary, Lender and Checkers agree that Lender will consent to Checkers’ intervention in the Receivership action and
Checkers will withdraw its motion filed with the Court to transfer venue. 

  

	10.	Hattiesburg. MS Location. The parties agree to cooperate in the handling of issues associated with the Hattiesburg, MS location in a manner that is reasonable and
cost-effective to all parties. 

  

	11.	Vendor/Supplier Relations. Checkers agrees to reasonably cooperate with the Receiver to resolve any vendor and/or supplier concerns or issues with respect to the ongoing
operations of the Restaurants and the related delivery of Inventory, but shall not have any obligation to guarantee payment of any obligations owed by Receiver. 

  

	12.	Legal Costs and Expenses. Each party hereto shall bear its own attorneys’ fees, costs and expenses. 

 If the foregoing is acceptable, please coordinate Checkers’ signature below to evidence its consent to the foregoing settlement terms and I will
coordinate obtaining Lender’s and Receiver’s counter signature to evidence their respective consent to the foregoing. 
  

	
	 Very truly yours,

	
	


	 Brigitle Gawenda Kimichik



  

 CONFIDENTIAL – FOR SETTLEMENT PURPOSES ONLY 









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 Agreed to and Accepted this 5th day of April, 2006: 
  

			
	 CHECKERS DRIVE-IN RESTAURANTS, INC.

		
	By:	 	 /s/ S. Patric Plumley

	 Name:
	 	S. Patric Plumley
	 Title:
	 	Sr. VP, CFO

 Agreed to and Accepted this 5th day of April, 2006: 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	
	as Special Servicer for the Indenture Trustee for the Holders of the MSDWMC Owner Trust 2000 F-l Notes, Participating Interests and Owner Trust Certificates
		
	By:	 	 /s/ James Kendrick Noble

	 Name:
	 	James Kendrick Noble III
	 Title:
	 	Managing Director

 Agreed to and Accepted this 5th day of April, 2006: 
  

					
	
	/s/ William Hoffman
	 WILLIAM J. HOFFMAN, RECEIVER


  

			
	Exhibit “A” -	  	List of 62 Restaurants
	Schedule 1 -	  	Franchise Royalties and Advertising Contributions
	Schedule 2 -	  	Rent for Leaseholds

  

 CONFIDENTIAL – FOR SETTLEMENT PURPOSES ONLY 








 EXHIBIT A 
 MSDWMC 2000 TRUST PROPERTY 
 Loan Amount: $7,800,000.00 
  

							
	 Unit #
	  	 Property Address
	  	County	  	 Leasehold = L
 Fee = F
Subground Lease = SGL
Subsubground Lease = SSGL

	 148
	  	6371 W. Colonial Drive, Orlando, FL 32818	  	Orange	  	SGL
	 149
	  	7604 E. Colonial Drive, Orlando, FL 32807	  	Orange	  	L
	 401
	  	13495 W. Colonial Drive, Winter Garden, FL 34787	  	Orange	  	SGL
	 446
	  	3520 S.W. Archer Road, Gainesville, FL 32608	  	Alachua	  	SGL
	 461
	  	5497 S.E. Abshier Boulevard, a/k/a 5497 US Hwy. 441, Belleview, FL 34420	  	Marion	  	SGL
	 502
	  	2750 W. Colonial Drive, Orlando, FL 32804	  	Orange	  	SGL
	 522
	  	355 E. Main Street, Apopka, FL 32703	  	Orange	  	SGL
	 564
	  	2490 S. Woodlawn Boulevard, DeLand, FL 32720	  	Volusia	  	SGL
	 586
	  	2508 Citrus Boulevard, Leesburg, FL 34748	  	Lake	  	SGL
	 722
	  	5503-A S. Semoran Boulevard, Orlando, FL 32822	  	Orange	  	SGL
	 102
	  	6400 Airport Boulevard, Mobile, AL 36608	  	Mobile	  	SGL
	 104
	  	2300 Saint Stephens Road, Mobile, AL 36617	  	Mobile	  	L
	 112
	  	8 North Broad Street, Mobile, AL 36602	  	Mobile	  	L
	 113
	  	409 Highway 43 South, Saraland, AL 36571	  	Mobile	  	SGL
	 430
	  	312 Schillinger Road North, a/k/a 450 Schillinger Road North, Mobile, AL 36608	  	Mobile	  	SSGL
	 527
	  	5300 N. Davis Highway, Pensacola, FL 32503	  	Escambia	  	SGL
	 661
	  	29160 Highway 98, Daphne, AL 36526	  	Baldwin	  	SGL
	 1003
	  	2806 Hardy Street, Hattiesburg, MS 39401	  	Forrest	  	SGL
	 1005
	  	3413 Denny Avenue, Pascagoula, MS 39581	  	Jackson	  	L
	 1109
	  	2431 25th Avenue, Gulfport, MS 39501	  	Harrison	  	SGL
	 176
	  	2529 Okeechobee Boulevard, Palm Beach, FL 33409	  	Palm Beach	  	SGL
	 236
	  	3483 US Highway 1, Stuart, FL 34494	  	Martin	  	SGL
	 350
	  	500 N.E. 51st Street, Palm Beach, FL 33431	  	Palm Beach	  	SGL
	 587
	  	7850 Roseland Road, Roseland, FL 32957	  	Indian River	  	SGL
	 632
	  	755 W. Boynton Beach Boulevard, Boynton Beach, FL 33426	  	Palm Beach	  	SGL
	 1129
	  	1318 Royal Palm Beach Boulevard, Royal Palm Beach, FL 33411	  	Palm Beach	  	SGL
	 230
	  	1239 E. Silver Springs Boulevard, Ocala, FL 34470	  	Marion	  	SGL
	 314
	  	1501 S. French Avenue, Sanford, FL 32771	  	Seminole	  	SGL
	 337
	  	431 W. State Road 436, Altamonte Springs, FL 32714	  	Seminole	  	SGL
	 437
	  	1035 Lee Road, Orlando, FL 32810	  	Orange	  	F
	 438
	  	1000 Willa Springs Drive, Winter Springs, FL 32708	  	Seminole	  	SGL
	 447
	  	912 W. University Avenue, Gainesville, FL 32601	  	Alachua	  	L
	 468
	  	133 S. Woodland Boulevard, DeLand, FL 32720	  	Volusia	  	SGL
	 469
	  	11818 E. Colonial Drive, Orlando, FL 32826	  	Orange	  	SGL
	 470
	  	480 E. Burleigh Boulevard, Tavares, FL 32778	  	Lake	  	SGL
	 496
	  	2701 S. W. College Road, Ocala, FL 34474	  	Marion	  	SGL
	 521
	  	11193 N. Williams Street, Dunnellon, FL 34432	  	Marion	  	SGL
	 101
	  	2213 Airport Boulevard, Mobile, AL 36606	  	Mobile	  	L
	 103
	  	1965 Dauphin Island Parkway, Mobile, AL 36605	  	Mobile	  	SGL
	 124
	  	5415-A Highway 90 West, a/k/a 6491-B Highway 90 West, Mobile, AL 36619	  	Mobile	  	SGL
	 194
	  	3206 Dauphin Street, Mobile, AL 36606	  	Mobile	  	SGL
	 275
	  	3200 N. Pace Boulevard, Pensacola, FL 32505	  	Escambia	  	SGL
	 471
	  	4200 Barrancus Avenue, Pensacola, FL 32507	  	Escambia	  	SGL

  

 EXHIBIT A – Page 1 









							
	 Unit #
	  	 Property Address
	  	County	  	 Leasehold = L
 Fee = F
 Subground Lease =
SGL
 Subsubground Lease = SSGL

	 530
	  	2323 Hillcrest Road, Mobile, AL 36695	  	Mobile	  	SGL
	 662
	  	2150 S. McKenzie Street, Foley, AL 36535	  	Baldwin	  	SGL
	 1004
	  	3154 Bienville Boulevard, Ocean Springs, MS 39564	  	Jackson	  	L
	 187
	  	2270 S. Military Trail, Palm Beach, FL 33415	  	Palm Beach	  	L
	 205
	  	10461 S. Federal Highway, Port St. Lucie, FL 34952	  	St. Lucie	  	SGL
	 231
	  	7050 S. Military Trail, Lake Worth, FL 33463	  	Palm Beach	  	SGL
	 316
	  	524 S. Dixie Highway, Lake Worth, FL 33460	  	Palm Beach	  	SGL
	 497
	  	450 W. Atlantic Avenue, Delray Beach, FL 33444	  	Palm Beach	  	SGL
	 1130
	  	12790 Forest Hills Boulevard, West Palm Beach, FL 33414	  	Palm Beach	  	SGL

  

 EXHIBIT A – Page 2 








 EXHIBIT A - CONTINUED 
 MSDWMC 2000 TRUST PROPERTY 
 Specified Assets 
  

							
	 Unit #
	  	 Property Address
	  	County	  	 Leasehold = L
 Fee = F
 Subground Lease =
SGL
 Subsubground Lease = SSGL

	 164
	  	1495 U.S. Highway 1, Vero Beach, FL 32960	  	Indian River	  	SGL
	 185
	  	2495 S. Orange Avenue, Orlando, FL 32806	  	Orange	  	SGL
	 208
	  	202 E. State Road 436, Casselberry, FL 32707	  	Seminole	  	SGL
	 209
	  	1070 W. State Road 434, Longwood, FL 32750	  	Seminole	  	SGL
	 313
	  	6239 Lake Worth Road, Lake Worth, FL 33463	  	Palm Beach	  	SGL
	 327
	  	3568 Northlake Boulevard, Lake Park, FL 33403	  	Palm Beach	  	SGL
	 345
	  	8585 S.W. Highway 200, Ocala, FL 34481	  	Marion	  	SGL
	 464
	  	2050 S. U.S. 1, Fort Pierce, FL 34950	  	St. Lucie	  	SGL
	 806
	  	4345 W. Lake Mary Boulevard, Lake Mary, FL 32746	  	Seminole	  	SGL
	 1001
	  	1123 E. Pass Road, Gulfport, MS 39507	  	Harrison	  	L

  

 EXHIBIT A - CONTINUED – Page 1 








 Schedule 1 
  


			
	Royalty            -	  	4% of Gross Sales
		
	Advertising    -	  	Minimum of 5% of Gross Sales made up of the following:
		
		  	 1.      .375% of Gross Sales plus $2,000 annually per location for Motorsports,

		
		  	 2.      any required Coop payments, and

		
		  	 3.      additional local advertising, if necessary, to get to 5% minimum.

		
	Coop Obligations	  	
		
	Orlando Market:	  	4% of Gross Sales
	Gainesville Market:	  	$24,000 annually per location
	WPB Market:	  	$24,375 annually per location
	Mobile/Pensacola Market:	  	$31,533 annually per location
	Biloxi Market:	  	$22,500 annually per location

 Gross Sales means the aggregate amount of all sales of food, beverages and other products sold and services
rendered at the premises or otherwise rendered in connection with the restaurant, including monies derived from sales at or away from the restaurant, whether for cash or credit, but excluding: (1) all federal, state or municipal sales or
service taxes collected from customers and paid to the appropriate taxing authority; and (2) all customer refunds and adjustments and promotional discounts. 
  

 Schedule 1 - Page 1 








 SCHEDULE 2 
 TITAN HOLDINGS, LLC 
  

																	
	 Store
 No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
	 8074C
	  	 1495 US Highway 1
 Vero Beach, FL 32960
	  	Fran Act
Passth	  	2/1/2006	  	1/31/2011	  	Base Rent	  	60	  	Active	  	5,069.68
		  		  		  	2/1/2006	  	1/31/2011	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	2/1/2006	  	1/31/2011	  	Sales Taxes	  	60	  	Active	  	354.87
		  		  		  	2/1/2011	  	1/31/2016	  	Base Rent	  	60	  	Pending	  	5,830.02
		  		  		  	2/1/2016	  	1/31/2021	  	Base Rent	  	60	  	Pending	  	6,704.52
	 8075C
	  	 2529 Okeechobee Blvd
 West Palm Beach, FL
 33409
	  	Fran Act
Passth	  	5/23/2001	  	5/22/2006	  	Base Rent	  	60	  	Active	  	5,510.42
		  		  		  	5/23/2001	  	5/22/2006	  	CAM	  	60	  	Active	  	55.69
		  		  		  	5/23/2001	  	5/22/2006	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	5/23/2001	  	5/22/2006	  	Sales Taxes	  	60	  	Active	  	333.97
		  		  		  	5/23/2006	  	5/22/2011	  	Base Rent	  	60	  	Renewed	  	6,336.98
		  		  		  	5/23/2011	  	5/22/2016	  	Base Rent	  	60	  	Pending	  	7,287.53
		  		  		  	5/23/2016	  	5/22/2021	  	Base Rent	  	60	  	Pending	  	8,380.66
	 8076C
	  	 2270 South Military
 Trail
 West Palm Beach, FL 33406
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	4,000.00
		  		  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/30/2000	  	3/29/2020	  	Sales Taxes	  	240	  	Active	  	260.00
	 8077C
	  	 10461 South Federal
 Hwy
 Port St. Lucie, FL 34952
	  	Fran Act
Passth	  	1/1/2002	  	12/31/2006	  	Base Rent	  	60	  	Active	  	4,954.88
		  		  		  	1/1/2002	  	12/31/2006	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	1/1/2002	  	12/31/2006	  	Sales Taxes	  	60	  	Active	  	322.07
		  		  		  	1/1/2007	  	12/31/2011	  	Base Rent	  	60	  	Pending	  	5,549.47
		  		  		  	1/1/2012	  	12/31/2016	  	Base Rent	  	60	  	Pending	  	6,215.40
		  		  		  	1/1/2017	  	12/31/2021	  	Base Rent	  	60	  	Pending	  	6,961.25
	 8078C
	  	 7050 South Military
 Trail
 Lake Worth, FL 33463
	  	Fran Act
Passth	  	12/23/2001	  	12/22/2006	  	Base Rent	  	60	  	Active	  	4,375.00
		  		  		  	12/23/2001	  	12/22/2006	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	12/23/2001	  	12/22/2006	  	Sales Taxes	  	60	  	Active	  	284.38
		  		  		  	12/23/2006	  	12/22/2011	  	Base Rent	  	60	  	Pending	  	4,500.00
		  		  		  	12/23/2011	  	12/22/2016	  	Base Rent	  	60	  	Pending	  	5,000.00
		  		  		  	12/23/2016	  	12/22/2021	  	Base Rent	  	60	  	Pending	  	5,000.00
	 8079C
	  	 3483 US Hwy 1
 Stuart, FL 34995
	  	Fran Act
Passth	  	3/1/1992	  	2/29/2012	  	Base Rent	  	240	  	Active	  	5,510.42
		  		  		  	3/1/1992	  	2/29/2012	  	R/E Tax	  	240	  	Active	  	0.00

  

 Schedule 2 Page 1 









																	
	 Store
 No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
		  		  		  	3/1/1992	  	2/29/2012	  	Sales Taxes	  	240	  	Active	  	330.63
		  		  		  	3/1/2012	  	2/28/2017	  	Base Rent	  	60	  	Pending	  	6,336.98
		  		  		  	3/1/2012	  	2/28/2017	  	Sales Taxes	  	60	  	Pending	  	380.22
	 8080C
	  	 6239 Lake Worth Road
 Lake Worth, FL
33463
	  	Fran Act
Passth	  	8/1/2003	  	7/31/2008	  	Base Rent	  	60	  	Active	  	2,646.72
		  		  		  	8/1/2003	  	7/31/2008	  	Sales Taxes	  	60	  	Active	  	172.04
		  		  		  	8/1/2008	  	7/31/2013	  	Base Rent	  	60	  	Pending	  	3,041.75
		  		  		  	8/1/2013	  	7/31/2018	  	Base Rent	  	60	  	Pending	  	3,498.01
		  		  		  	8/1/2018	  	7/31/2023	  	Base Rent	  	60	  	Pending	  	4,022.71
	 8081C
	  	 525 South Dixie Hwy
 Lake Worth, FL 33460
	  	Fran Act
Passth	  	12/8/1994	  	12/7/2014	  	Base Rent	  	240	  	Active	  	3,314.13
		  		  		  	12/8/1994	  	12/7/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	12/8/1994	  	12/7/2014	  	Sales Taxes	  	240	  	Active	  	215.42
		  		  		  	12/8/2014	  	12/7/2019	  	Base Rent	  	60	  	Pending	  	4,157.24
		  		  		  	12/8/2019	  	12/7/2024	  	Base Rent	  	60	  	Pending	  	4,656.11
	 8082C
	  	 3568 Northlake Blvd
 Lake Park, FL 33403
	  	Fran Act
Passth	  	1/1/1993	  	12/31/2012	  	Base Rent	  	240	  	Active	  	4,555.70
		  		  		  	1/1/1993	  	12/31/2012	  	Parking	  	240	  	Active	  	1,000.00
		  		  		  	1/1/1993	  	12/31/2012	  	R/E Tax	  	240	  	Active	  	563.49
		  		  		  	1/1/1993	  	12/31/2012	  	Sales Taxes	  	240	  	Active	  	397.75
		  		  		  	1/1/2013	  	12/31/2017	  	Base Rent	  	60	  	Pending	  	7,294.99
thru
8,534.11
		  		  		  	1/1/2018	  	12/31/2022	  	Base Rent	  	60	  	Pending	  	8,875.47
thru
10,383.05
	 8083C
	  	 500 NE 51st Street
 Boca Raton, FL 33431
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	5,104.76
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/1994	  	3/30/2014	  	Sales Taxes	  	240	  	Active	  	331.81
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	6,403.41
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	7,171.82
	 8084C
	  	 2050 South US Hwy 1
 Fort Pierce, FL
34950
	  	Fran Act
Passth	  	5/1/2003	  	4/30/2008	  	Base Rent	  	60	  	Active	  	3,449.00
		  		  		  	5/1/2003	  	4/30/2008	  	Parking	  	60	  	Active	  	200.00
		  		  		  	5/1/2003	  	4/30/2008	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	5/1/2003	  	4/30/2008	  	Sales Taxes	  	60	  	Active	  	237.22
		  		  		  	5/1/2008	  	4/30/2013	  	Base Rent	  	60	  	Pending	  	3,863.55
		  		  		  	5/1/2013	  	4/30/2018	  	Base Rent	  	60	  	Pending	  	4,327.18
		  		  		  	5/1/2013	  	4/30/2018	  	Parking	  	60	  	Pending	  	200.00
		  		  		  	5/1/2018	  	4/30/2023	  	Base Rent	  	60	  	Pending	  	4,846.44
		  		  		  	5/1/2018	  	4/30/2023	  	Parking	  	60	  	Pending	  	200.00

  

 Schedule 2 Page 2 









																	
	 Store
No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	 Term
 Status
	  	Monthly
Rent
Amount
	 8085C
	  	 450 West Atlantic
 Avenue
 Delray Bch, FL 33444
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	1,970.72
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/1994	  	3/30/2014	  	Sales Taxes	  	240	  	Active	  	128.10
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	2,472.07
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	2,768.72
	 8086C
	  	 7850 Roseland Road
 Sebastian, FL 32958
	  	Fran Act
Passth	  	2/24/1994	  	2/28/2009	  	Base Rent	  	181	  	Active	  	2,424.58
		  		  		  	2/24/1994	  	2/28/2009	  	R/E Tax	  	181	  	Active	  	0.00
		  		  		  	2/24/1994	  	2/28/2009	  	Sales Taxes	  	181	  	Active	  	169.72
		  		  		  	3/1/2009	  	2/28/2014	  	Base Rent	  	60	  	Pending	  	2,788.27
		  		  		  	3/1/2014	  	2/28/2019	  	Base Rent	  	60	  	Pending	  	3,206.51
		  		  		  	3/1/2019	  	2/29/2024	  	Base Rent	  	60	  	Pending	  	3,687.49
	 8087C
	  	 755 West Boynton
 Beach Blvd
 Boynton Beach, FL 33426
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	5,106.97
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/1994	  	3/30/2014	  	Sales Taxes	  	240	  	Active	  	331.95
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	6,406.18
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	7,174.92
	 8088C
	  	 1318 Royal Palm Beach Blvd.
 Royal Palm Beach, FL
33411
	  	Fran Act
Passth	  	11/1/2002	  	10/31/2007	  	Base Rent	  	60	  	Active	  	4,234.67
		  		  		  	11/1/2002	  	10/31/2007	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	11/1/2002	  	10/31/2007	  	Sales Taxes	  	60	  	Active	  	275.25
		  		  		  	11/1/2007	  	10/31/2012	  	Base Rent	  	60	  	Pending	  	4,742.92
thru
5,312.08
		  		  		  	11/1/2012	  	10/31/2017	  	Base Rent	  	60	  	Pending	  	5,312.08
thru
6,663.42
		  		  		  	11/1/2017	  	10/31/2022	  	Base Rent	  	60	  	Pending	  	6,663.42
thru
7,463.08
	 8089C
	  	 12790 Forest Hills Blvd
 West Palm Beach, FL
33414
	  	Fran Act
Passth	  	3/31/2002	  	3/30/2007	  	Base Rent	  	60	  	Active	  	3,136.00
		  		  		  	3/31/2002	  	3/30/2007	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	3/31/2002	  	3/30/2007	  	Sales Taxes	  	60	  	Active	  	203.84
		  		  		  	3/31/2007	  	3/30/2012	  	Base Rent	  	60	  	Pending	  	3,512.00
		  		  		  	3/31/2012	  	3/30/2017	  	Base Rent	  	60	  	Pending	  	3,933.00
		  		  		  	3/31/2017	  	3/30/2022	  	Base Rent	  	60	  	Pending	  	4,405.00
	 8090C
	  	 2213 Airport Blvd
 Mobile, AL 36606
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-2,566.67

  

 Schedule 2 Page 3 









																	
	 Store
No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
		  	OWNED	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
	 8091C
	  	 6400 Airport Blvd
 Mobile, AL 36608
	  	Fran Act
Passth	  	4/1/2001	  	3/31/2006	  	Base Rent	  	60	  	Active	  	3,802.19
		  		  		  	4/1/2001	  	3/31/2006	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	4/1/2006	  	3/31/2011	  	Base Rent	  	60	  	Renewed	  	4,372.52
		  		  		  	4/1/2011	  	3/31/2016	  	Base Rent	  	60	  	Pending	  	5,028.40
	 8092C
	  	 1965 Dauphin Island Pkwy
 Mobile, AL
36605
	  	Fran Act
Passth	  	8/15/2001	  	8/14/2006	  	Base Rent	  	60	  	Active	  	2,781.40
		  		  		  	8/15/2001	  	8/14/2006	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	8/15/2006	  	8/14/2011	  	Base Rent	  	60	  	Pending	  	3,198.61
		  		  		  	8/15/2011	  	8/14/2016	  	Base Rent	  	60	  	Pending	  	3,678.40
	 8093C
	  	 2300 Saint Stephens
 Mobile, AL 36610
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-2,275.00
		  	OWNED	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
	 8094C
	  	 8 North Broad Street
 Mobile, AL 36602
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-3,516.67
		  	OWNED	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
	 8095C
	  	 409 Highway 43 North
 Saraland, AL 36571
	  	Fran Act
Passth	  	1/1/2004	  	12/31/2008	  	Base Rent	  	60	  	Active	  	2,985.68
	 8096C
	  	 5415-A Hwy 90 West
 Mobile, AL 36619
	  	Fran Act
Passth	  	7/1/2004	  	6/30/2009	  	Base Rent	  	60	  	Active	  	2,889.66
		  		  		  	7/1/2009	  	6/30/2015	  	Base Rent	  	72	  	Pending	  	3,323.11
	 8097C
	  	 3206 Dauphin Street
 Mobile, AL 36606
	  	Fran Act
Passth	  	2/13/2004	  	2/12/2009	  	Base Rent	  	60	  	Active	  	2,924.00
		  		  		  	2/13/2009	  	2/12/2014	  	Base Rent	  	60	  	Pending	  	3,187.00
thru
3,474.00
		  		  		  	2/13/2014	  	2/12/2019	  	Base Rent	  	60	  	Pending	  	3,761.00
	 8098C
	  	 3200 North Pace Blvd.
 Pensacola, FL
32505
	  	Fran Act
Passth	  	7/1/2002	  	6/30/2007	  	Base Rent	  	60	  	Active	  	2,500.00
		  		  		  	7/1/2002	  	6/30/2007	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	7/1/2002	  	6/30/2007	  	Sales Taxes	  	60	  	Active	  	187.50
		  		  		  	7/1/2007	  	6/30/2012	  	Base Rent	  	60	  	Pending	  	2,750.00
		  		  		  	7/1/2012	  	6/30/2017	  	Base Rent	  	60	  	Pending	  	3,000.00
		  		  		  	7/1/2017	  	6/30/2022	  	Base Rent	  	60	  	Pending	  	4,000.00
	 8099C
	  	 312 Schillinger Road
 Ambassador Plaza
 Mobile, AL 36608
	  	Fran Act
Passth	  	8/21/1993	  	8/31/2008	  	Base Rent	  	181	  	Active	  	3,658.67
		  		  		  	8/21/1993	  	8/31/2008	  	R/E Tax	  	181	  	Active	  	0.00
		  		  		  	9/1/2008	  	8/31/2013	  	Base Rent	  	60	  	Pending	  	4,097.75
		  		  		  	9/1/2013	  	8/31/2018	  	Base Rent	  	60	  	Pending	  	4,589.50
		  		  		  	9/1/2018	  	8/31/2023	  	Base Rent	  	60	  	Pending	  	5,140.25
	 8100C
	  	 4200 Barrancus Avenue
 Pensacola, FL
32507
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	3,025.20

  

 Schedule 2 Page 4 









																	
	 Store
No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/1994	  	3/30/2014	  	Sales Taxes	  	240	  	Active	  	226.89
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	3,794.81
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	4,250.19
	 8101C
	  	 5300 North Davis Hwy
 Pensacola, FL 32503
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	2,859.55
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/1994	  	3/30/2014	  	Sales Taxes	  	240	  	Active	  	214.47
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	3,587.01
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	4,017.46
	 8102C
	  	 2323 Hillcrest Road
 Mobile, AL 36695
	  	Fran Act
Passth	  	8/1/2003	  	7/31/2008	  	Base Rent	  	60	  	Active	  	2,132.50
		  		  		  	8/1/2008	  	7/31/2013	  	Base Rent	  	60	  	Pending	  	2,388.42
		  		  		  	8/1/2013	  	7/31/2018	  	Base Rent	  	60	  	Pending	  	2,675.00
		  		  		  	8/1/2018	  	7/31/2023	  	Base Rent	  	60	  	Pending	  	2,996.00
	 8103C
	  	 29160 Highway 98
 Daphne, AL 36526
	  	Fran Act
Passth	  	2/1/2004	  	1/31/2009	  	Base Rent	  	60	  	Active	  	3,300.00
		  		  		  	2/1/2004	  	1/31/2009	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	2/1/2009	  	1/31/2014	  	Base Rent	  	60	  	Pending	  	3,630.00
		  		  		  	2/1/2014	  	1/31/2019	  	Base Rent	  	60	  	Pending	  	3,993.00
		  		  		  	2/1/2019	  	1/31/2024	  	Base Rent	  	60	  	Pending	  	4,392.25
		  		  		  		  		  		  		  		  	
	 8104C
	  	 2150 South Mckenzie
 Foley, AL 36535
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	2,015.51
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	2,528.25
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	2,831.64
	 8105C
	  	 1123 East Pass Road
 Gulfport, MS 39507
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-3,066.67
		  	 OWNED
	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
	 8107C
	  	 3154 Bienville Blvd
 Ocean Springs, MS
39564
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-3,425.00
		  	 OWNED
	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
	 8108C
	  	 3413 Denny Avenue
 Pascagoula, MS 39564
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-2,900.00
		  	 OWNED
	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
	 8109C
	  	 2431 25th Avenue
 Gulfport, MS 39507
	  	Fran Act
Passth	  	10/1/1998	  	9/30/2008	  	Base Rent	  	120	  	Active	  	3,450.00
		  		  		  	10/1/1998	  	9/30/2008	  	Other	  	120	  	Active	  	175.00
		  		  		  	10/1/1998	  	9/30/2008	  	R/E Tax	  	120	  	Active	  	175.00
		  		  		  	10/1/2008	  	9/30/2013	  	Base Rent	  	60	  	Pending	  	3,967.50
		  		  		  	10/1/2013	  	9/30/2018	  	Base Rent	  	60	  	Pending	  	4,562.62
	 8110C
	  	 6371 West Colonial Drive
 Orlando, FL
32818
	  	Fran Act
Passth	  	8/1/2005	  	7/31/2010	  	Base Rent	  	60	  	Active	  	3,837.16
		  		  		  	8/1/2005	  	7/31/2010	  	CAM	  	60	  	Active	  	45.00

  

 Schedule 2 Page 5 









																	
	 Store
 No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
		  		  		  	8/1/2005	  	7/31/2010	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	8/1/2005	  	7/31/2010	  	Sales Taxes	  	60	  	Active	  	252.34
		  		  		  	8/1/2010	  	7/31/2015	  	Base Rent	  	60	  	Pending	  	4,668.50
thru
5,461.48
	 8111C
	  	 7604 East Colonial Drive
 Orlando, FL
32807
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-4,110.67
		  	 OWNED
	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/30/2000	  	3/29/2020	  	Sales Taxes	  	240	  	Active	  	0.00
	 8112C
	  	 2495 South Orange Avenue
 Orlando, FL
32806
	  	Fran Act
Passth	  	5/7/1991	  	5/6/2011	  	Base Rent	  	240	  	Active	  	7,351.99
		  		  		  	5/7/1991	  	5/6/2011	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	5/7/1991	  	5/6/2011	  	Sales Taxes	  	240	  	Active	  	0.00
		  		  		  	5/7/1991	  	5/6/2011	  	Sales Taxes	  	240	  	Active	  	477.88
		  		  		  	5/7/2011	  	5/6/2016	  	Base Rent	  	60	  	Pending	  	8,734.90
thru
10,377.93
		  		  		  	5/7/2016	  	5/6/2021	  	Base Rent	  	60	  	Pending	  	10,377.93
thru
11,311.94
	 8113C
	  	 202 East State Road 436
 Casselberry, FL
32707
	  	Fran Act
Passth	  	11/1/2001	  	10/31/2006	  	Base Rent	  	60	  	Active	  	4,945.93
		  		  		  	11/1/2001	  	10/31/2006	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	11/1/2001	  	10/31/2006	  	Sales Taxes	  	60	  	Active	  	346.22
		  		  		  	11/1/2006	  	10/31/2011	  	Base Rent	  	60	  	Pending	  	5,094.31
thru
5,733.69
		  		  		  	11/1/2011	  	10/31/2016	  	Base Rent	  	60	  	Pending	  	6,593.74
	 8114C
	  	 1070 West State Road 434
 Longwood, FL
32750
	  	Fran Act
Passth	  	12/1/2001	  	11/30/2006	  	Base Rent	  	60	  	Active	  	3,392.21
		  		  		  	12/1/2001	  	11/30/2006	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	12/1/2001	  	11/30/2006	  	Sales Taxes	  	60	  	Active	  	237.45
		  		  		  	12/1/2006	  	11/30/2011	  	Base Rent	  	60	  	Pending	  	3,901.04
		  		  		  	12/1/2011	  	11/30/2016	  	Base Rent	  	60	  	Pending	  	4,486.20
		  		  		  	12/1/2016	  	11/30/2021	  	Base Rent	  	60	  	Pending	  	5,159.13
	 8115C
	  	 1239 East Silver
 Springs Blvd
 Ocala, FL 32670
	  	Fran Act
Passth	  	12/8/1994	  	12/7/2014	  	Base Rent	  	240	  	Active	  	2,953.35
		  		  		  	12/8/1994	  	12/7/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	12/8/1994	  	12/7/2014	  	Sales Taxes	  	240	  	Active	  	191,397.00
		  		  		  	12/8/2014	  	12/7/2019	  	Base Rent	  	60	  	Pending	  	3,704.68

  

 Schedule 2 Page 6 









																	
	 Store
 No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
		  		  		  	12/8/2019	  	12/7/2024	  	Base Rent	  	60	  	Pending	  	4,149.24
	 8116C
	  	 1501 South French Avenue
 Sanford, FL
32771
	  	Fran Act
Passth	  	9/1/2002	  	8/31/2007	  	Base Rent	  	60	  	Active	  	3,333.33
		  		  		  	9/1/2002	  	8/31/2007	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	9/1/2002	  	8/31/2007	  	Sales Taxes	  	60	  	Active	  	233.33
		  		  		  	9/1/2007	  	8/31/2012	  	Base Rent	  	60	  	Pending	  	3,666.66
		  		  		  	9/1/2012	  	8/31/2017	  	Base Rent	  	60	  	Pending	  	4,000.00
	 8117C
	  	 431 State Road 436 West
 Altamonte Springs, FL
32714
	  	Fran Act
Passth	  	11/1/2002	  	10/31/2007	  	Base Rent	  	60	  	Active	  	5,189.58
		  		  		  	11/1/2002	  	10/31/2007	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	11/1/2002	  	10/31/2007	  	Sales Taxes	  	60	  	Active	  	363.27
		  		  		  	11/1/2007	  	10/31/2012	  	Base Rent	  	60	  	Pending	  	6,097.75
		  		  		  	11/1/2012	  	10/31/2017	  	Base Rent	  	60	  	Pending	  	7,164.83
	 8118C
	  	 8585 SW Highway
 200 Steeplechase Plaza
 Ocala, FL 34481
	  	Fran Act
Passth	  	3/24/1993	  	3/31/2008	  	Base Rent	  	181	  	Active	  	2,875.00
		  		  		  	3/24/1993	  	3/31 /2008	  	CAM	  	181	  	Active	  	0.00
		  		  		  	3/24/1993	  	3/31/2008	  	Sales Taxes	  	181	  	Active	  	186.88
		  		  		  	4/1/2008	  	3/31/2013	  	Base Rent	  	60	  	Pending	  	3,306.25
		  		  		  	4/1/2013	  	3/31/2018	  	Base Rent	  	60	  	Pending	  	3,802.19
		  		  		  	4/1/2018	  	3/31/2023	  	Base Rent	  	60	  	Pending	  	4,372.52
		  		  		  	4/1/2023	  	3/31/2028	  	Base Rent	  	60	  	Pending	  	5,028.39
	 8119C
	  	 13495 West Colonial Drive
 Winter Garden, FL
34787
	  	Fran Act
Passth	  	8/19/1994	  	8/18/2014	  	Base Rent	  	240	  	Active	  	3,596.27
		  		  		  	8/19/1994	  	8/18/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	8/19/1994	  	8/18/2014	  	Sales Taxes	  	240	  	Active	  	233.76
		  		  		  	8/19/2014	  	8/18/2019	  	Base Rent	  	60	  	Pending	  	4,511.16
		  		  		  	8/19/2019	  	8/18/2024	  	Base Rent	  	60	  	Pending	  	5,052.50
	 8121C
	  	 1000 Willa Springs Drive
 Winter Springs, FL
32708
	  	Fran Act
Passth	  	7/29/1994	  	7/28/2014	  	Base Rent	  	240	  	Active	  	4,325.65
		  		  		  	7/29/1994	  	7/28/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	7/29/1994	  	7/28/2014	  	Sales Taxes	  	240	  	Active	  	302.79
		  		  		  	7/29/2014	  	7/28/2019	  	Base Rent	  	60	  	Pending	  	5,426.09
		  		  		  	7/29/2019	  	7/28/2024	  	Base Rent	  	60	  	Pending	  	6,077.22
	 8122C
	  	 3520 SW Archer Road
 Gainesville, FL
32608
	  	Fran Act
Passth	  	11/28/1989	  	11/30/2009	  	Base Rent	  	241	  	Active	  	12,510.95
		  		  		  	11/28/1989	  	11/30/2009	  	CAM	  	241	  	Active	  	492.37
		  		  		  	11/28/1989	  	11/30/2009	  	Other	  	241	  	Active	  	0.00

  

 Schedule 2 Page 7 









																	
	 Store
 No.
	  	 Store Address
	  	Property
Status	  	Term Start
Date	  	Term End
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
		  		  		  	11/28/1989	  	11/30/2009	  	R/E Tax	  	241	  	Active	  	0.00
		  		  		  	11/28/1989	  	11/30/2009	  	Sales Taxes	  	241	  	Active	  	812.71
		  		  		  	11/28/1989	  	11/30/2009	  	Utilities	  	241	  	Active	  	160.31
		  		  		  	12/1/2009	  	11/30/2014	  	Base Rent	  	60	  	Pending	  	14,919.55
thru
17,791.84
		  		  		  	12/1/2014	  	1/30/2019	  	Base Rent	  	60	  	Pending	  	18,592.48
thru
22,171.88
	 8123C
	  	 912 West University Avenue
 Gainesville, FL
32601
	  	Franchise
Activ	  	3/30/2000	  	3/29/2020	  	Base Rent	  	240	  	Active	  	-4,456.25
		  	OWNED	  		  	3/30/2000	  	3/29/2020	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/30/2000	  	3/29/2020	  	Sales Taxes	  	240	  	Active	  	0.00
	 8124C
	  	 5497 US Hwy 441
 Belleview, FL 34420
	  	Fran Act
Passth	  	4/1/2003	  	3/31/2008	  	Base Rent	  	60	  	Active	  	1,983.75
		  		  		  	4/1/2003	  	3/31/2008	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	4/1/2003	  	3/31/2008	  	Sales Taxes	  	60	  	Active	  	128.94
		  		  		  	4/1/2008	  	3/31/2013	  	Base Rent	  	60	  	Pending	  	2,281.33
		  		  		  	4/1/2013	  	3/31/2018	  	Base Rent	  	60	  	Pending	  	2,623.50
	 8125C
	  	 133 S Woodland Blvd
 Deland, FL 32720
	  	Fran Act
Passth	  	10/1/2003	  	9/30/2008	  	Base Rent	  	60	  	Active	  	5,269.90
		  		  		  	10/1/2003	  	9/30/2008	  	Sales Taxes	  	60	  	Active	  	342.54
		  		  		  	10/1/2008	  	9/30/2013	  	Base Rent	  	60	  	Pending	  	5,744.20
thru
6,261.17
		  		  		  	10/1/2013	  	9/30/2018	  	Base Rent	  	60	  	Pending	  	6,261.17
thru
7,438.90
		  		  		  	10/1/2018	  	9/30/2023	  	Base Rent	  	60	  	Pending	  	7,438.90
thru
8,108.40
		  		  		  	10/1/2023	  	9/30/2028	  	Base Rent	  	60	  	Pending	  	8,838.16
thru
9,633.59
	 8126C
	  	 11816 East Colonial Drive
 Orlando, FL
32826
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	4,324.25
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/1994	  	3/30/2014	  	Sales Taxes	  	240	  	Active	  	281.08
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	5,424.33
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	6,075.25
	 8127C
	  	 480 East Burleigh Blvd
 Tavares, FL 32778
	  	Fran Act
Passth	  	9/1/2003	  	8/31/2008	  	Base Rent	  	60	  	Active	  	2,645.00
		  		  		  	9/1/2003	  	8/31/2008	  	R/E Tax	  	60	  	Active	  	688.00
		  		  		  	9/1/2003	  	8/31/2008	  	Sales Taxes	  	60	  	Active	  	185.15

  

 Schedule 2 Page 8 









																	
	 Store No.
	  	 Store Address
	  	 Property
 Status
	  	Term Start
Date	  	Term End
Date	  	 Expense
 Category
	  	Term	  	 Term
 Status
	  	 Monthly
Rent
 Amount

		  		  		  	9/1/2008	  	8/31/2013	  	Base Rent	  	60	  	Pending	  	3,041.75
		  		  		  	9/1/2013	  	8/31/2018	  	Base Rent	  	60	  	Pending	  	3,498.00
		  		  		  	9/1/2018	  	8/31/2023	  	Base Rent	  	60	  	Pending	  	4,022.66
	 8128C
	  	 2701 SW College Road
 Ocata, FL 34478
	  	Fran Act
Passth	  	11/24/1993	  	1/31/2014	  	Base Rent	  	243	  	Active	  	3,537.67
		  		  		  	11/24/1993	  	1/31/2014	  	CAM	  	243	  	Active	  	198.38
		  		  		  	11/24/1993	  	1/31/2014	  	R/E Tax	  	243	  	Active	  	96.67
		  		  		  	11/24/1993	  	1/31/2014	  	Sales Taxes	  	243	  	Active	  	249.13
		  		  		  	2/1/2014	  	1/31/2019	  	Base Rent	  	60	  	Pending	  	4,678.58
		  		  		  	2/1/2019	  	1/31/2024	  	Base Rent	  	60	  	Pending	  	5,380.42
		  		  		  	2/1/2024	  	1/31/2029	  	Base Rent	  	60	  	Pending	  	6,187.42
	 8129C
	  	 2750 West Colonial Drive
 Orlando, FL
32804
	  	Fran Act
Passth	  	3/1/1995	  	2/28/2015	  	Base Rent	  	240	  	Active	  	6,595.99
		  		  		  	3/1/1995	  	2/28/2015	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/1/1995	  	2/28/2015	  	Sales Taxes	  	240	  	Active	  	428.74
		  		  		  	3/1/2015	  	2/29/2020	  	Base Rent	  	60	  	Pending	  	8,274.01
		  		  		  	3/1/2020	  	2/28/2025	  	Base Rent	  	60	  	Pending	  	9,266.89
	 8130C
	  	 11193 North Williams Street
 Dunnellon, FL
34432
	  	Fran Act
Passth	  	6/29/1993	  	6/30/2008	  	Base Rent	  	181	  	Active	  	1,932.00
		  		  		  	6/29/1993	  	6/30/2008	  	R/E Tax	  	181	  	Active	  	0.00
		  		  		  	6/29/1993	  	6/30/2008	  	Sales Taxes	  	181	  	Active	  	125.58
		  		  		  	7/1/2008	  	6/30/2013	  	Base Rent	  	60	  	Pending	  	2,221.83
		  		  		  	7/1/2013	  	6/30/2018	  	Base Rent	  	60	  	Pending	  	2,555.08
		  		  		  	7/1/2018	  	6/30/2023	  	Base Rent	  	60	  	Pending	  	2,938.33
	 8131C
	  	 355 East Main Street
 Apopka, FL 32703
	  	Fran Act
Passth	  	9/1/2003	  	8/31/2008	  	Base Rent	  	60	  	Active	  	2,613.33
		  		  		  	9/1/2003	  	8/31/2008	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	9/1/2003	  	8/31/2008	  	Sales Taxes	  	60	  	Active	  	169.87
		  		  		  	9/1/2008	  	8/31/2013	  	Base Rent	  	60	  	Pending	  	2,926.92
		  		  		  	9/1/2013	  	8/31/2018	  	Base Rent	  	60	  	Pending	  	3,278.17
		  		  		  	9/1/2018	  	8/31/2023	  	Base Rent	  	60	  	Pending	  	3,671.58
	 8132C
	  	 2490 South Woodlawn Blvd
 Deland, FL
32720
	  	Fran Act
Passth	  	7/1/2003	  	6/30/2008	  	Base Rent	  	60	  	Active	  	4,218.75
		  		  		  	7/1/2003	  	6/30/2008	  	R/E Tax	  	60	  	Active	  	0.00
		  		  		  	7/1/2003	  	6/30/2008	  	Sales Taxes	  	60	  	Active	  	274.22
		  		  		  	7/1/2008	  	6/30/2013	  	Base Rent	  	60	  	Pending	  	4,746.08
		  		  		  	7/1/2013	  	6/30/2018	  	Base Rent	  	60	  	Pending	  	5,339.33
		  		  		  	7/1/2018	  	6/30/2023	  	Base Rent	  	60	  	Pending	  	6,006.75
		  		  		  	7/1/2023	  	6/30/2028	  	Base Rent	  	60	  	Pending	  	6,757.58
	 8133C
	  	 2508 North Citrus Blvd
 Leesburg, FL
34748
	  	Fran Act
Passth	  	4/29/1994	  	4/28/2009	  	Base Rent	  	180	  	Active	  	4,230.43
		  		  		  	4/29/1994	  	4/28/2009	  	CAM	  	180	  	Active	  	0.00
		  		  		  	4/29/1994	  	4/28/2009	  	R/E Tax	  	180	  	Active	  	0.00

  

 Schedule 2 Page 9 









																	
	 Store No.
	  	 Store Address
	  	 Property
 Status
	  	Term Start
Date	  	TermEnd
Date	  	Expense
Category	  	Term	  	Term
Status	  	Monthly
Rent
Amount
		  		  		  	4/29/1994	  	4/28/2009	  	Sales Taxes	  	180	  	Active	  	296.13
		  		  		  	4/29/2009	  	4/28/2014	  	Base Rent	  	60	  	Pending	  	5,026.17
thru
5,478.53
		  		  		  	4/29/2014	  	4/28/2019	  	Base Rent	  	60	  	Pending	  	5,478.53
thru
6,509.04
		  		  		  	4/29/2019	  	4/28/2024	  	Base Rent	  	60	  	Pending	  	6,509.04
thru
7,094.85
	 8134C
	  	 5503-A South Semoran Blvd
 Orlando, FL
32822
	  	Fran Act
Passth	  	3/31/1994	  	3/30/2014	  	Base Rent	  	240	  	Active	  	5,701.03
		  		  		  	3/31/1994	  	3/30/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	3/31/1994	  	3/30/2014	  	Sales Taxes	  	240	  	Active	  	370.57
		  		  		  	3/31/2014	  	3/30/2019	  	Base Rent	  	60	  	Pending	  	7,151.37
		  		  		  	3/31/2019	  	3/30/2024	  	Base Rent	  	60	  	Pending	  	8,009.54
	 8135C
	  	 4345 West Lake Mary Blvd
 Lake Mary, FL
32746
	  	Fran Act
Passth	  	7/26/1994	  	7/25/2014	  	Base Rent	  	240	  	Active	  	6,243.23
		  		  		  	7/26/1994	  	7/25/2014	  	Other	  	240	  	Active	  	0.00
		  		  		  	7/26/1994	  	7/25/2014	  	R/E Tax	  	240	  	Active	  	0.00
		  		  		  	7/26/1994	  	7/25/2014	  	Sales Taxes	  	240	  	Active	  	437.02
		  		  		  	7/26/2014	  	7/25/2019	  	Base Rent	  	60	  	Pending	  	7,831.51
		  		  		  	7/26/2019	  	7/25/2024	  	Base Rent	  	60	  	Pending	  	8,771.29

  

 Schedule 2 Page 10