Exhibit










	
					
	 
	 
	 
	 
	Exhibit 10.8

	***** Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [*****]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.

	 
	 
	 
	 
	 

	SECOND AMENDMENT TO MASTER SUBLEASE AGREEMENT






This Second Amendment to Master Sublease Agreement (this “Amendment”) is made and entered into by and between SEARS, ROEBUCK AND CO., a New York corporation and KMART CORPORATION, a Michigan corporation (as their interests may appear), each as a sublandlord (collectively, “Sublandlord”), and LANDS’ END, INC., a Delaware corporation, as the subtenant (“Subtenant”), to be effective on February 1, 2018 (the “Effective Date”).
	
					
	 
	W I T N E S S E T H
	 




WHEREAS, Sublandlord and Subtenant previously entered into that certain Master Sublease Agreement dated as of April 4, 2014, but effective as of February 1, 2014, as amended (the “Sublease”).


WHEREAS, Sublandlord and Subtenant desire to amend the terms of the Sublease as set forth herein.


NOW, THEREFORE, pursuant to the foregoing, and in consideration of the mutual covenants and agreements contained in the Sublease and herein, the Sublease, as of the Effective Date of this Amendment, is hereby modified and amended as set out below:


1.Defined Terms. All capitalized terms used herein shall have the same meaning as defined in the Sublease, unless otherwise defined in this Amendment.


2.Recitals. The Recitals of the Lease are hereby deleted and replaced with:


“Sublandlord, pursuant to the leases set forth on Annex B (including any amendments thereto, but except to the extent no longer applicable) (each lease, a “Master Lease”), by and between Sublandlord and the applicable landlord under each Master Lease (each, a “Landlord”), desires to sublease to Subtenant, and Subtenant desires to sublease from Sublandlord that certain premises within a building, which building location is set forth on Annex A, under the column heading “Store Name” (each, a “Building”), consisting of approximately the rentable square feet opposite each Building location on Annex A under the column describing square feet (“Sq Ft”), (each, a “Subleased Premises”), upon the terms and conditions provided herein.”


3.Annex A. Annex A of the Sublease is deleted in its entirety and replaced with Annex A attached hereto.


4.Annex C.  Annex C of the Sublease is deleted in its entirety and replaced with Annex C attached hereto.


5.Miscellaneous. With the exception of those terms and conditions specifically modified and amended herein, the herein referenced Sublease shall remain in full force and effect in accordance with all its terms and conditions. In the event of any conflict between the terms and provisions of this Amendment and the terms











and provisions of the Sublease, the terms and provisions of this Amendment shall supersede and control.


6.Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of such counterparts shall constitute one agreement. To facilitate execution of this Amendment, the parties may execute and exchange facsimile or e-mailed pdf counterparts of the signature pages and such counterparts shall serve as originals.


IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the dates set forth below, to be effective for all purposes, however, as of the Effective Date.


	
				
	 
	 
	SUBLANDLORD:

	 
	 
	 

	 
	 
	SEARS, ROEBUCK AND CO., a New York
corporation

	 
	 
	 

	 
	 
	By:
	/s/ Robert A. Riecker

	 
	 
	Name:
	Robert A. Riecker

	 
	 
	Title:
	Chief Financial Officer

	 
	 
	Date:
	January 31, 2018

	 
	 
	 

	 
	 
	 
	 

	 
	 
	KMART CORPORATION, a Michigan corporation

	 
	 
	 
	 

	 
	 
	By:
	/s/ Robert A. Riecker

	 
	 
	Name:
	Robert A. Riecker

	 
	 
	Title:
	Chief Financial Officer

	 
	 
	Date:
	January 31, 2018

	 
	 
	 
	 

	 
	 
	SUBTENANT:

	 
	 
	LANDS' END, INC., a Delaware corporation

	 
	 
	 
	 

	 
	 
	By:
	/s/ James F. Gooch

	 
	 
	Name:
	James F. Gooch

	 
	 
	Title:
	Chief Operating Officer/
Chief Financial Officer

	 
	 
	Date:
	January 31, 2018

	 
	 
	 
	 






















	
					
	Annex A to Master Sublease Agreement dated April 4, 2014, effective as of February 1, 2018




	
																							
	 
	 
	% Rent Location [*****] Gross Sales 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Store Num
	Store Name
	Leased/Owned
	Sq. Ft.
	Rent PSF
	Full Year
	Monthly
	Expiration Date
	Feb
	Mar
	Apr
	May
	Jun
	Jul
	Aug
	Sep
	Oct
	Nov
	Dec
	Jan
	Full Year
	FY2019

	1003
	1003 SALEM 
	Lease
	8,532
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1019
	1019 PLEASANTON 
	Lease
	8,166
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1024
	1024 FALLS CHURCH 
	Lease
	7,472
	

	[*****]
	[*****]
	[*****]
	11/30/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1034
	1034 PITTSBURGH/ROSS PARK
	Lease
	16,979
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1053
	1053 SAUGUS 
	Lease
	5,565
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1059
	1059 SEATTLE/SHORELINE 
	Lease
	6,575
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1062
	1062 BROOKFIELD
	Lease
	9,484
	

	[*****]
	[*****]
	[*****]
	3/23/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1064
	1064 LANGHORNE/OXFORD VLY
	Lease
	8,103
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1079
	1079 PORTLAND WASHINGTON SQ
	Lease
	14,142
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1089
	1089 ANCHORAGE(SUR) 
	Lease
	7,930
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1112
	1112 MINNETONKA
	Lease
	5,712
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1122
	1122 MAPLEWOOD
	Lease
	6,421
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1131
	1131 LITTLETON DENVER
	Lease
	6,372
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1133
	1133 LEOMINSTER 
	Lease
	7,483
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1134
	1134 MILFORD 
	Lease
	9,130
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1148
	1148 VENTURA 
	Lease
	6,691
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1154
	1154 WHITEHALL 
	Lease
	7,401
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1156
	1156 ROSEVILLE 
	Lease
	7,565
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1163
	1163 BURLINGTON 
	Lease
	12,899
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1170
	1170 LANSING 
	Lease
	9,553
	

	[*****]
	[*****]
	[*****]
	11/30/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1185
	1185 ASHEVILLE
	Lease
	8,263
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]






[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to this omitted information.











	
																							
	1193
	1193 WATERFORD 
	Lease
	7,484
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1202
	1202 BEAVERCREEK/DAYTON 
	Lease
	7,316
	

	[*****]
	[*****]
	[*****]
	10/26/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1213
	1213 AUBURN 
	Lease
	9,695
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1243
	1243 HANOVER 
	Lease
	15,329
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1244
	1244 YORK/GALLERIA 
	Lease
	9,706
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1254
	1254 WILMINGTON 
	Lease
	7,863
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1273
	1273 HOLYOKE 
	Lease
	7,635
	

	[*****]
	[*****]
	[*****]
	10/24/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1275
	1275 ATLANTA/NORTHLAKE
	Lease
	7,993
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1284
	1284 ALEXANDRIA 
	Lease
	9,608
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1330
	1330 EVANSVILLE 
	Lease
	4,495
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1334
	1334 PITTSBURGH SOUTH HILLS
	Lease
	7,909
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1385
	1385 ATLANTA 
	Lease
	7,587
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1388
	1388 COSTA MESA 
	Lease
	8,042
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1390
	1390 ANN ARBOR
	Lease
	14,168
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1395
	1395 KNOXVILLE WEST TOWN
	Lease
	7,705
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1403
	1403 NATICK 
	Lease
	14,466
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1410
	1410 CANTON 
	Lease
	8,979
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1414
	1414 NANUET 
	Lease
	7,562
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1415
	1415 CLEARWATER/COUNTRYSIDE
	Lease
	6,012
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1424
	1424 BETHESDA
	Lease
	11,680
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1438
	1438 EL CAJON 
	Lease
	6,511
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1454
	1454 BENSALEM/CORNWELLS HTS
	Lease
	7,123
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1455
	1455 WILMINGTON 
	Lease
	5,047
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1464
	1464 DEPTFORD 
	Lease
	7,995
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1478
	1478 SAN BRUNO 
	Lease
	7,017
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1490
	1490 TROY
	Lease
	9,074
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]






[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to this omitted information.











	
																							
	1528
	1528 SAN RAFAEL 
	Lease
	6,922
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1538
	1538 CITRUS HTS SUNRISE
	Lease
	8,827
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1560
	1560 DAYTON DAYTON MALL
	Lease
	8,969
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1574
	1574 MIDDLETOWN 
	Lease
	8,471
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1584
	1584 VICTOR 
	Lease
	7,688
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1623
	1623 CLAY (SYRACUSE) 
	Lease
	8,542
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1645
	1645 BOCA RATON 
	Lease
	6,696
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1646
	1646 PINEVILLE 
	Lease
	5,894
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1658
	1658 SANTA ROSA 
	Lease
	3,871
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1674
	1674 WHITE PLAINS 
	Lease
	8,729
	

	[*****]
	[*****]
	[*****]
	8/31/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1695
	1695 ALPHARETTA 
	Lease
	12,110
	

	[*****]
	[*****]
	[*****]
	10/19/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1725
	1725 ANNAPOLIS 
	Lease
	12,398
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1733
	1733 YONKERS 
	Lease
	6,664
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1750
	1750 ORLAND PARK
	Lease
	7,154
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1810
	1810 CINCINNATI 
	Lease
	8,305
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1830
	1830 FT WAYNE
	Lease
	6,455
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1844
	1844 COLUMBIA 
	Lease
	7,098
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	1984
	1984 BUFFALO/HAMBURG 
	Lease
	8,118
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2023
	2023 CONCORD 
	Lease
	6,718
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2071
	2071 CINCINNATI WESTERN HILLS
	Lease
	5,937
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2138
	2138 SANTA BARBARA 
	Lease
	5,841
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2173
	2173 SARATOGA 
	Lease
	6,281
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2212
	2212 CEDAR RAPIDS
	Lease
	4,876
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2239
	2239 VANCOUVER 
	Lease
	4,750
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2323
	2323 HYANNIS
	Lease
	7,915
	

	[*****]
	[*****]
	[*****]
	11/30/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2353
	2353 KINGSTON 
	Lease
	6,207
	

	[*****]
	[*****]
	[*****]
	4/13/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]






[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to this omitted information.











	
																							
	2373
	2373 NO DARTMOUTH 
	Lease
	4,076
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2435
	2435 CHARLOTTESVILLE 
	Lease
	6,125
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2443
	2443 MANCHESTER
	Lease
	8,961
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2453
	2453 GLENS FALLS 
	Lease
	5,266
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2663
	2663 NEWINGTON/PORTSMOUTH
	Lease
	6,938
	

	[*****]
	[*****]
	[*****]
	1/31/2019
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2664
	2664 FREDERICK 
	Lease
	7,829
	

	[*****]
	[*****]
	[*****]
	7/31/2018
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	2694
	2694 FREDERICKSBURG 
	Lease
	5,347
	

	[*****]
	[*****]
	[*****]
	1/31/2020
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	Total
	 
	 
	 
	 
	 
	 
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]

	 
	 
	 
	 
	 
	 
	 
	Count
	80
	80
	79
	68
	68
	68
	67
	66
	66
	64
	63
	63
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	Adjustment 1
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	Adjustment 2
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	Adjustment 3
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	Revised Totals
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]
	[*****]






[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to this omitted information.












	
					
	 
	 
	ANNEX C
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	PERCENTAGE RENT
	 
	 

	 
	 
	 
	 
	 




Commencing on February 1, 2018, with respect to the Subleased Premises listed below (the “Contingent Rent Locations”), Subtenant shall pay as Rent the greater of (i) the Rent set forth on Annex A or (ii) [*****] of Subtenant’s Gross Sales for each applicable location as described on this Annex C.  With respect to each Contingent Rent Location, Subtenant shall pay to Sublandlord each month throughout the Term the Rent set forth on Annex A, subject to reconciliation as set forth below.


Contingent Rent Locations:


The locations as indicated on Annex A.




With respect to each Contingent Rent Location, the term “Gross Sales”, shall mean all cash, check, charge account or credit sales of Subtenant’s merchandise (excluding sales of gift cards until time of redemption) made in or from the applicable Subleased Premises, and sales or service by any sublessee, assignee, concessionaire or licensee in such Subleased Premises, as determined in accordance with GAAP, as amended, after deductions for refunds and merchandise returned by customers.  No deduction shall be allowed for uncollected or uncollectible credit accounts. Gross Sales shall not include (i) any sums collected and paid out for any sales or excise tax imposed by any duly constituted governmental authority, (ii) the exchange of merchandise between the stores of Subtenant, if any, where such exchanges of goods or merchandise are made solely for the convenient operation of the business of Subtenant and not for the purpose of consummating a sale which has theretofore been made at, in, from or upon the applicable Subleased Premises, and/or for the purpose of depriving Sublandlord of the benefit of a sale which otherwise would be made at, in, from or upon such Subleased Premises, (iii) the amount of returns to shippers or manufacturers, (iv) the amount of any cash or credit refund made upon any sale where the merchandise sold, or some part thereof, is thereafter returned by the customer and accepted by Subtenant, (v) receipts from customers for carrying charges or other credit charges, or (vi) the sale of fixtures after their use in the conduct of business in such Subleased Premises.   


Within thirty (30) days after the close of each fiscal year, Subtenant shall, for each Contingent Rent Location, deliver to Sublandlord a statement of Gross Sales for each such fiscal year showing the Gross Sales made during such fiscal year, certified by a duly qualified officer of Subtenant as being true, complete and correct.  For any Contingent Rent Location at which the calculation of [*****] of Subtenant’s Gross Sales (the “Percentage Rent Payment”) is greater than the amount of Rent which was paid for such location pursuant to Annex A, Subtenant’s statement of Gross Sales shall also be accompanied by a payment of the difference between the Percentage Rent Payment and the Rent which was paid pursuant to Annex A.




























[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to this omitted information.