EX-10.3



 Exhibit 10.3 

***** 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. 
  

MASTER LEASE AGREEMENT 

THIS MASTER LEASE AGREEMENT (hereinafter “Lease”) is made and entered into as of this      day of
March 2014 (the “Commencement Date”), by and between Sears, Roebuck and Co., a New York corporation, as landlord (“Landlord”), and Lands’ End, Inc., a Delaware corporation as the tenant
(“Tenant”). 
 RECITALS: 

Landlord desires to lease to Tenant, and Tenant desires to lease from Landlord, 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 set opposite each Building location on Annex A under the
column heading “FY-2014 Begin. Sq. Ft.” as may be modified from time to time as set forth on Annex A, initially in the same location and configuration as existing for Tenant’s store operations within a Building on the date of this
Lease (each, a “Leased Premises”), upon the terms and conditions provided hereinafter. 
 NOW, THEREFORE, for and in
consideration of and subject to the covenants and agreements hereinafter mentioned, the parties do hereby agree as follows: 
  

	1.	Leased Premises. 

 Landlord leases to Tenant, and Tenant leases from Landlord, the
Leased Premises. 
 Subject to any Third Party Agreements (as defined in Section 22(a) below) and temporary closures or restrictions due
to casualty, condemnation, or Landlord’s maintenance and repair activities in the Building, Landlord further grants to Tenant, in common with other occupants of the applicable Building: the right of ingress and egress to public roadways and a
non-exclusive easement for parking the vehicles of Tenant, its customers, employees and business invitees, and for access, use of, ingress and egress for vehicles and pedestrians in common with the other occupants of such Building, over all parking
areas, alleys, roadways, sidewalks, walkways, landscaped areas and surface water drainage systems and for use of parking lot lighting; and a non-exclusive use of the hallways, entryways, elevators, restrooms, adequate storage space (and where
provided prior to the Commencement Date, of similar type and size to such space), trash facilities and all other areas and facilities in the applicable Building that are provided and designated from time to time by Landlord for the non-exclusive use
of occupants of such Building and their respective customers, employees and business invitees. The facilities and areas set forth above shall be deemed “Common Areas”. 

 

	2.	Term. 

  

	 	(a)	 Unless earlier terminated as to all or any of the Leased Premises pursuant to the express terms and conditions of this Lease, the term
(“Term”) of this Lease with respect to each Leased Premises shall commence on the date hereof (the “Commencement Date”) and shall expire on the date set forth set forth on Annex A under the column heading
“Expiration Date” (each, 










	 	
an “Expiration Date”); provided, however, that with respect to any Leased Premises that has an Expiration Date prior to January 31, 2018, if Landlord leasing the applicable
Building extends its lease to a date past January 31, 2018, then the Expiration Date for that Leased Premises shall be amended to read January 31, 2018. 


 

	 	(b)	Tenant shall have no right to extend the Term of the this Lease with respect to any of the Leased Premises, except that by the date which is referenced on Annex A under the column heading “Expiration
Date” for each Leased Premises, Tenant may send written notice to Landlord of its desire to negotiate extending the Term with respect to such Leased Premises, and Landlord may (but shall not be obligated to), in its sole discretion, agree to
negotiate such an extension on terms and conditions mutually agreeable to Landlord and Tenant. 

  

	3.	Rent. 

  

	 	(a)	Rent shall begin to accrue and shall be due to Landlord on the Commencement Date. Tenant agrees to pay rent for the Leased Premises in the annual amount set forth on Annex A under the column heading “Rent
PSF” for the applicable fiscal year (the “Rent”); provided, however, that the terms and provisions of Annex B (Percentage Rent) shall apply with respect to the locations listed thereon. Tenant shall pay one-twelfth
(1/12) of the annual Rent (or a prorated amount during partial months), in advance, on the first day of each month, without notice, offset or deductions except as otherwise set forth herein. Rent is inclusive of third-party common area
maintenance costs, real estate taxes and utilities but does not cover any other costs or services. 

  

	 	(b)	All Rent (as defined below) shall be made payable to Landlord and mailed to Landlord’s address as outlined in the “Notice” Section of this Lease until the payee or address is changed by written notice
from Landlord. 

  

	4.	Hold Over. 

 If Tenant does not vacate a Leased Premises upon the expiration of
this Lease with respect to such Leased Premises, such holdover shall result in a tenancy at sufferance, and in addition to Tenant paying all damages incurred by Landlord as a result of Tenant holding over, Tenant shall also pay to Landlord, as Rent
for the period of such holdover (calculated based on the number of days of the holdover), 150% of the Rent PSF in effect immediately prior to such holdover. 
  

	5.	Tenant’s Taxes. 

 Tenant shall pay to Landlord, promptly upon demand, a sum
equal to the aggregate of any municipal, county, state, or federal excise, sales, use, margin or transaction privilege taxes (but not including any taxes paid by Landlord based on its net income) now or hereafter legally levied or imposed against,
or on account of, any amounts payable under this Lease by Tenant or the receipt thereof by Landlord. Tenant shall pay all taxes and assessments of every nature, kind and description, levied and assessed against Tenant’s fixtures, equipment,
merchandise and goods stored in or about the Leased Premises. 
  

	6.	Late Charges/Interest. 

 In the event any installment of Rent is more than three
(3) days past due or any other amount payable by Tenant to Landlord is more than ten (10) days past due, Tenant shall pay to Landlord, as additional rent (i) a late fee equal to five percent (5%) of the amount unpaid to cover


  
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Landlord’s administrative costs for collection and loss of income plus (ii) interest at the Default Rate, calculated from the date such unpaid amounts were due. For the purposes of this
Lease the Default Rate shall be the rate of eight percent (8%) per annum, compounded monthly. 
  

	7.	Use; Operations; and Radius Restriction. 

  

	 	(a)	Tenant shall use the Leased Premises only as a Lands’ End retail shop consistent with the current format Tenant is currently operating in each Leased Premises and for no other purpose (“Permitted
Use”). Tenant shall not permit any objectionable or unpleasant odors, smoke, dust, gas, noise or vibrations to emanate from any Leased Premises, nor take any other action which would constitute a nuisance or which would disturb or endanger
any other occupants (including Landlord’s retail operations) of the Building, or unreasonably interfere with such other occupants’ use of their respective space. 


 

	 	(b)	Tenant agrees to continuously operate its business in the entirety of each Leased Premises under the name “Lands’ End” throughout the Term of this Lease and for the same operating hours of the
Landlord’s store in which the Leased Premises are located. If Tenant violates this Section, then in addition to all rights and remedies available to Landlord pursuant to Section 15, Tenant shall also pay to Landlord, upon demand, for each
non-compliant Leased Premises, liquidated damages in an amount equal to Five Hundred and No/100 Dollars ($500.00) for each day such violation continues; provided, however, that this provision shall not apply if the Leased Premises should be closed
and the business of Tenant temporarily discontinued therein on account of remodeling or renovation which is completed within ten (10) business days. Tenant acknowledges and agrees that if it breaches this Section, Landlord shall be deprived of
an important right under this Lease, and as a result thereof, will suffer damages in an amount which is not readily ascertainable, and that the foregoing is a reasonable and equitable determination of the actual damages Landlord shall suffer as a
result of Tenant’s breach of its obligations under this Section. 

  

	 	(c)	Tenant covenants and agrees that during the Term, Tenant (and if Tenant is a corporation, membership entity or partnership, its officers, directors, stockholders, members, managers, affiliates or partners) shall not
directly or indirectly, operate or manage any other store or business similar to or in competition with the use for which the Leased Premises are let (including, without limitation, any concession or department operated within another store or
business), within the same shopping center or retail center development of which the Building is a part. 

  

	8.	Hazardous Materials. 

 No Hazardous Material (as hereinafter defined) shall
be created, handled, placed, stored, used, transported or disposed of by either party on the Leased Premises. Landlord and Tenant hereby agree to indemnify, defend and hold the other party and its directors, officers, employees and agents (including
any successor to Landlord’s interest in the Leased Premises) harmless from and against any and all claims, judgments, damages, penalties, fines, costs, liabilities or losses (including, without limitation, sums paid in settlement of claims,
attorneys’ fees, consultant fees and expert fees) which result from either party’s breach of this Section. As used herein, “Hazardous Material” shall mean any substance that is toxic, ignitable, reactive, corrosive and that is
regulated by any local government, the respective state each Leased Premises is located in, or the United States Government. “Hazardous Material” includes any and all material or substances that are defined as “hazardous waste”,
“extremely hazardous waste” or a “hazardous substance” pursuant to state, federal or local governmental law. “Hazardous Material” includes, but is not restricted to, asbestos, polychlorobiphenyls
(“PCBs”) and petroleum. 

  
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	9.	Repairs, Maintenance, Utilities and Other Services. 

  

	 	(a)	Tenant shall accept each Leased Premises in its “AS-IS”, “WHERE IS” and “WITH ALL FAULTS” condition. Landlord makes no representations or warranties as to the conditions of any Leased
Premises, and Tenant acknowledges that it is fully aware of the existing conditions of each Leased Premises since it has occupied and operated in such Leased Premises prior to the date of this Lease. Landlord shall have no responsibility or
obligation to make repairs or replacements to or upon a Leased Premises or to perform any maintenance which becomes necessary during Tenant’s occupancy of such Leased Premises. Tenant shall comply with all laws, statutes, governmental
regulations and local ordinances (including, without limitation, the Americans with Disabilities Act) and the direction of the proper public officials concerning its use of each Leased Premises. Tenant shall return each Leased Premises to Landlord
“broom clean” and in the same condition as it exists as of the beginning of the Term, excluding ordinary wear and tear. 

  

	 	(b)	Landlord shall not be liable to Tenant for damages or otherwise if the utilities serving the Leased Premises or Building of which the Leased Premises are a part are interrupted or terminated for any cause.; provided,
however, the foregoing shall not limit Tenant’s remedies expressly set forth in Section 19. 

  

	 	(c)	Landlord and Tenant agree that Landlord is not providing any services to Tenant at any Leased Premises which are not expressly set forth herein; by way of example and without limitation of the foregoing disclaimer,
Landlord is expressly not providing the following services to Tenant: cleaning or maintenance of the Leased Premises, loss prevention, general liability or property insurance, stock room replenishment, use of Landlord’s Point of Sale
system, shipping/receiving, wi-fi or accepting returns of Tenant’s merchandise. Sears, Roebuck and Co. and Tenant have entered into that certain Retail Operations Agreement dated as of
            , 2014 (the “RSA”) providing for additional services and/or for rules and restrictions governing Tenant’s use of the Leased Premises and other portions of
Landlord’s Buildings. 

  

	10.	Fixtures/Alterations. 

 Tenant shall only be permitted to make cosmetic changes to
the Leased Premises. Tenant shall not have the right to install permanent fixtures, or in any way alter the structure of any Building or alter any non-structural portion of any Leased Premises, without the prior written consent of Landlord, which
shall be in Landlord’s sole discretion. 
  

	11.	Access to Leased Premises. 

 Landlord shall have free access to any Leased
Premises for the purpose of examining the same during business hours and for any other reasonable purpose, including, by way of example only and without limitation, in furtherance of the terms and provisions of the RSA; provided, however, Landlord
shall not unreasonably interfere with the business of Tenant in exercising such rights. 
  

	12.	Assignment / Sublease. 

 Tenant shall not have the right to assign this
Lease, or to license or sublet any Leased Premises, or any part thereof. 

  
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	13.	Surrender. 

 Upon the Expiration Date, Tenant shall surrender and vacate a Leased
Premises immediately and deliver possession thereof to Landlord in the condition required by Tenant under Section 9(a) hereof and shall deliver to Landlord all keys to such Leased Premises. Tenant shall remove from the Leased Premises all
personal property of Tenant and Tenant’s trade fixtures, including, cabling for any of the foregoing at its sole cost and expense. Tenant immediately shall repair all damage resulting from removal of any of Tenant’s property at its sole
cost and expense. In the event possession of such Leased Premises is not delivered to Landlord when required hereunder, or if Tenant shall fail to remove those items described above, Tenant shall be deemed to have abandoned such property and
Landlord may (but shall not be obligated to), at Tenant’s expense, remove any of such property and undertake at Tenant’s expense such restoration work as Landlord deems necessary or advisable. Tenant’s obligations under this Section
shall survive the Expiration Date or earlier termination of this Lease. 
  

	14.	Right to Relocate. 

 Landlord may, at any time, relocate any of Tenant’s
Leased Premises to another area of the Building in which such Leased Premises are located (“New Premises”), provided the New Premises shall have, if possible, approximately the same rentable square footage of space; notwithstanding
the foregoing, Landlord shall have the right to offer Tenant New Premises with lesser square footage than the original Leased Premises (but in no event lesser than 70% of the original Leased Premises) if Landlord’s store size has been or is in
the process of being reduced. Provided that Tenant is open and operating at the applicable Leased Premises at the time Landlord exercises the rights granted by this Section, Landlord agrees to pay all reasonable moving expenses incurred by Tenant
incident to such relocation and for improving the New Premises so that the New Premises are similar to the then existing Leased Premises. Landlord shall provide Tenant with at least sixty (60) days prior written notice before making such
relocation demand. Tenant shall cooperate with Landlord in all reasonable ways to facilitate the move and shall be responsible for moving all of its inventory and other goods to the New Premises. If Tenant fails to so cooperate, Landlord shall be
relieved of all responsibility for damage or injury to Tenant or its property during such move, except as may be caused by Landlord’s actual negligence. Notwithstanding the foregoing, if the New Premises identified by Landlord is not acceptable
to Tenant, then Tenant may elect to terminate this Lease solely with respect to such Leased Premises by written notice to Landlord within thirty (30) calendar days after receipt of Landlord’s written notice of such relocation, with such
termination to be effective sixty (60) days after Tenant’s election. Upon the completion of a relocation, the Rent shall be adjusted to reflect the actual square footage of the New Premises and the New Premises shall be deemed to have
replaced the applicable Leased Premises for all purposes under this Lease. 
  

	15.	Default. 

  

	 	(a)	 If Tenant (i) defaults in any of its monetary obligations under this Lease or (ii) materially defaults in any of its non-monetary
obligations under this Lease, and Tenant fails to cure such default within ten (10) business days after receipt of written notice thereof, then, in addition to all other rights which Landlord has at law or in equity, Landlord shall have the
following rights and remedies: (x) to terminate this Lease with respect to the applicable Leased Premises in which event Tenant shall immediately surrender such Leased Premises to Landlord and, if Tenant fails to do so, Landlord may, without
prejudice to any other remedy 



  
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which Landlord may have for possession or arrearages in Rent, enter upon and take possession of the applicable Leased Premises and expel or remove Tenant and any other person who may be occupying
such Leased Premises or any part thereof, by any legal means, without being liable for prosecution for any claim of damages therefore; (y) to enter upon and take possession of the applicable Leased Premises and expel or remove Tenant and any
other person who may be occupying such Leased Premises or any part thereof, by any legal means, without being liable for prosecution of any claim for damages therefore with or without having terminated this Lease; (z) do whatever Tenant is
obligated to do under the terms of this Lease (and enter upon the applicable Leased Premises in connection therewith if necessary) without being liable for prosecution or any claim for damages therefore, and Tenant agrees to reimburse Landlord on
demand for any expenses which Landlord may incur in thus effecting compliance with Tenant’s obligations under this Lease with respect to a Leased Premises, plus interest thereon at the Default Rate, and Tenant further agrees that Landlord shall
not be liable for any damages resulting to Tenant from such action. 

  

	 	(b)	In the event Landlord elects to terminate this Lease with respect to a Leased Premises in accordance with the foregoing, then notwithstanding such termination, Tenant shall be liable for and shall pay to Landlord the
sum of all Rent and other amounts payable to Landlord pursuant to the terms of this Lease with respect to such Leased Premises which have accrued to the date of such termination, plus, as damages, an amount equal to the net present value of the
difference between (i) total Rent reserved by this Lease for the remaining portion of the Term (had such Term not been terminated by Landlord prior to the Expiration Date) less (ii) the net amount Tenant proves Landlord would have received
during such remaining portion of the Term through reletting of the applicable Leased Premises. For the purposes hereof, “net present value” shall be determined using a discount rate equal to four percent (4%) per annum.


  

	 	(c)	In the event Landlord elects to repossess the applicable Leased Premises without terminating this Lease with respect to such Leased Premises, then Tenant shall be liable for and shall pay to Landlord all rental and
other amounts payable to Landlord (including, without limitation, the damages amount set forth in Section 7(b)) pursuant to the terms of this Lease which have accrued to the date of such repossession, plus, from time to time throughout the
remaining Term, total Rent required to be paid by Tenant to Landlord during the remainder of the Leased Term diminished by any net sums thereafter received by Landlord through reletting of the applicable Leased Premises during said period. In no
event shall Tenant be entitled to any excess of any rental obtained by reletting over and above the rental herein reserved. Actions to collect amounts due by Tenant to Landlord as provided in this paragraph may be brought from time to time, on one
or more occasions, without the necessity of Landlord’s waiting until expiration of the Term. 


  
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	16.	Notices. 

 All notices herein provided for shall be in writing and shall be sent
by (a) registered or certified mail, postage prepaid, return receipt requested, or (b) reputable overnight air courier, and shall be deemed to have been given (i) five (5) business days after deposit in the mail postage prepaid
if sent via mail, and (ii) one (1) business day after being deposited with a reputable overnight air courier for guaranteed next day delivery. Notices shall be addressed to: 

 

			
	Landlord:	  	
		
		  	c/o Sears Holding Corporation
		  	3333 Beverly Road
		  	Department 824RE
		  	Hoffman Estates, Illinois 60179
		  	Attn: Vice President – Real Estate
		
	With a copy to:	  	
		
		  	Sears Holding Corporation
		  	3333 Beverly Road
		  	Department 824RE
		  	Hoffman Estates, Illinois 60179
		  	Attn: Associate General Counsel – Real Estate
		
	Tenant:	  	Lands’ End, Inc.
		  	5 Lands’ End Lane
		  	Dodgeville, WI 53595
		  	Attn: Senior Vice President - Retail
		
	With a copy to:	  	Lands’ End, Inc.
		  	5 Lands’ End Lane
		  	Dodgeville, WI 53595
		  	Attn: General Counsel

 or to any other address furnished in writing by either of the respective parties. However, any change of
address furnished shall comply with the notice requirements of this Section and shall include a complete outline of all current notice addresses to be used for the party requesting the change. 

 

	17.	Indemnity. 

 Tenant shall indemnify Landlord against, and save Landlord harmless
of and from, any and all loss, cost, damage, expense or liability (including, but not limited to, attorney’s fees and disbursements) incurred by Landlord by reason of, and defend Landlord against all claims, actions, proceedings and suits
relating to: (i) the conduct of Tenant’s business in, or use, occupancy and management of, each Leased Premises; (ii) any injuries to persons or damages to property occurring in, on or about each Leased Premises; (iii) any work
or thing whatsoever done, or any condition created, in, on or about each Leased Premises during the Term hereof; (iv) any act or omission of Tenant, its agents, contractors, servants, employees, invitees, guests or tenants; or (v) a breach
of this Lease. Tenant’s obligations under this Section shall survive the Expiration Date or earlier termination of this Lease with respect to each Leased Premises. 
  

	18.	Insurance. 

  

	 	(a)	Tenant shall maintain, or cause to be maintained on its behalf, during the term: 

  

	 	(i.)	Commercial General Liability including Premises Operations, Products and Completed Operations Liability, Contractual Liability covering the Tenant and naming Sears Holdings Management Corporation as additional insured
with limits of no less than Two Million Dollars ($2,000,000) combined single limit primary and non-contributory to any liability insurance maintained by Landlord. 


  
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	 	(ii.)	Workers’ Compensation at statutory limits, as required by the state where the work is being performed, and Employer’s Liability with limits of no less than $500,000 each accident or occupational disease.


  

	 	(iii.)	Comprehensive Automobile Liability Insurance, which shall include bodily injury and property damage liability, including the ownership, maintenance and operation of any automobile equipment owned, hired and non-owned
including the loading and unloading thereof, with limits of at least $2,000,000 for each accident. 

  

	 	(iv.)	“All-risk” property damage insurance (“Tenant’s Hazard Insurance”) including Builders’ Risk protecting against all risk of physical loss or damage, including without limitation, and
sprinkler leakage coverage in amounts not less than the actual replacement cost, covering all of Tenant’s inventory, trade fixtures, furnishing, wall covering, floor covering, carpeting, drapes, equipment and all items of personal property of
Tenant located within the Premises and within 100 feet of the Leased Premises, against all risks of physical loss or damage. 

  

	 	(b)	In addition to the insurance coverage to be maintained by Tenant above, Tenant will require each contractor (if any) performing the Services under the direction of Tenant to obtain insurance coverage in the same form
and amounts as detailed above (“Contractor Insurance”). The Contractor Insurance shall name Sears Holdings Corporation its subsidiaries and affiliates as additional insured, and shall stipulate that such insurance is primary to, and
not contributing with, any other insurance carried by, or for the benefit of, Sears, Roebuck and Co., Kmart Corporation or the other additional insured. Tenant warrants that its Contractors will maintain Workers’ Compensation and
Employer’s Liability insurance. It is the responsibility of Tenant to obtain and maintain a certificate of insurance from each Contractor and make the certificate available to Sears, Roebuck and Co. upon request. 


 

	 	(c)	Such insurance set forth in subsection (a) above shall be obtained from insurers of recognized financial responsibility who shall be licensed in the state in which each Leased Premises is located. Tenant shall
provide Landlord with certificates evidencing the coverage required hereunder. Landlord and others designated by Landlord in being additional insureds, shall be named as additional insureds under the insurance policies described in this
Section 15 18. The certificates of insurance, to the extent the same is standard in the industry, shall provide that the coverage shall not be changed or cancelled, without at least ten (10) days notice to Landlord, provided that if
Contractor’s insurance company in its certificate to Landlord will state only that (i) the coverage will not be “materially” changed (as opposed to simply “changed”) without prior notice to Landlord, and/or (ii) it
will “endeavor to give” at least ten (10) days prior written notice to Landlord (as opposed to simply agreeing to give such notice), and it is standard in the insurance industry that an insurance company would provide only such
wording, the Contractor’s insurer may provide such wording in the certificate of insurance to Landlord. 

  

	 	(d)	 Waiver of Subrogation Rights. Each party hereto has hereby remised, released, and discharged and does remise, release, and discharge the other party
hereto and any officer, agent, employee, or representative of such party of and from any claims, rights of recovery, or liability whatsoever (and each party hereby waives all rights of subrogation) hereafter arising from loss, damage, or injury
caused by fire or other casualty of the type which is required to be insured under the policies of insurance required to be maintained by the releasing party as of the date of any 



  
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casualty, SUCH WAIVER TO BE EFFECTIVE REGARDLESS OF THE CAUSE OR ORIGIN OF SUCH DAMAGE OR LOSS INCLUDING, WITHOUT LIMITATION, THE NEGLIGENCE OF A PARTY HERETO OR ANY OF ITS OFFICERS, AGENTS,
EMPLOYEES OR REPRESENTATIVES. Tenant shall procure an appropriate clause in or endorsement to any policy of insurance covering Tenant’s personal property, inventory, fixtures, furnishing and equipment located in the Leased Premises, wherein the
insurer waives subrogation or consents to a waiver of its right of recovery. 

  

	19.	Casualty. 

 If a Building is damaged or destroyed by fire or other casualty, or if
it becomes uninhabitable due to the termination of utilities or other services serving the Building, then Landlord shall have the right, in Landlord’s sole discretion, to terminate this Lease with respect to all or any portion of the applicable
Leased Premises located in such affected Building upon thirty (30) days prior written notice to Tenant. If Landlord does not so elect to terminate this Lease with respect to such affected Leased Premises, then (i) Tenant’s obligations
under this Lease with respect to such Leased Premises, including but not limited to the payment of Rent, shall be suspended beginning on the third day of such damage or uninhabitability and continuing until such time as the Leased Premises are
returned to a habitable condition and (ii) if Landlord is unable to restore the Leased Premises to a habitable condition within six months of the date of the damage or uninhabitability first occurred, Tenant may terminate the Lease for the
affected Leased Premises by written notice to Landlord. In no event shall Tenant be entitled to any portion of insurance proceeds available under any policies maintained by Landlord nor shall Landlord have any obligation to restore or repair the
affected Building or the applicable Leased Premises. 
  

	20.	Condemnation. 

 If a Building, or any portion of a Building, is taken under the
power of eminent domain, or sold under the threat of the exercise of said power (any of the foregoing, a “condemnation”) then Landlord shall have the right, to terminate this Lease with respect to all or any portion of the Leased
Premises contained in such affected Building upon thirty (30) days prior written notice to Tenant. In no event shall Tenant be entitled to any portion of any proceeds awarded in connection with such condemnation nor shall Landlord have any
obligation to restore or repair the affected Building or the Leased Premises contained therein. 
  

	21.	No Liens. 

 Landlord’s title always is and shall be paramount to the
title of Tenant, and nothing in this Lease shall empower Tenant to do any act which can, shall or may encumber the title of Landlord to any portion of any Leased Premises. Tenant has no authority or power to cause or permit any lien or encumbrance
of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed on any part of any Leased Premises or the Building of which the Leased Premises are a part. Tenant covenants and agrees not to suffer
or permit any lien of mechanics, materialmen or other lien to be placed against any part of a Leased Premises or any fixture filing or other financing statement to be recorded against any portion of a Leased Premises and in case any such lien or
filing attaches or claim of lien is asserted Tenant covenants and agrees to cause such lien, filing or claim to be immediately released and removed of record. 

  
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	22.	Lease Subject to Possible Third Party Interests. 

  

	 	(a)	Notwithstanding Tenant’s rights under this Lease, Tenant hereby acknowledges that Landlord makes no representations or warranties with respect to whether or not Tenant’s use of a Leased Premises for its
Permitted Use is permitted under any documents encumbering or otherwise affecting Landlord’s interest in the applicable Leased Premises (each, a “Third Party Agreement”). Tenant understands and agrees that Landlord has not
requested the consent of any third party to this Lease with respect to any Leased Premises, which third party may or may not have a right to grant or withhold such consent, and that if Tenant desires to obtain any such consent, then Tenant may seek
to obtain such consent at its own cost, risk and expense. Tenant’s rights with respect to this Lease, are subject and subordinate to all applicable Third Party Agreements. 


 

	 	(b)	Tenant acknowledges and agrees that Landlord has made available to Tenant for copying and review (including by means of any website or other electronic means which have been made available to Tenant prior to the
execution of this Lease) all Third Party Agreements in Landlord’s possession or control. As such, Tenant shall be deemed to know of the existence of any fact or circumstance as disclosed by any Third Party Agreement for the purposes of this
Section 22. Notwithstanding the foregoing, in making such Third Party Agreements available to the Tenant, Tenant acknowledges that Landlord makes no representation or warranty as to the completeness or accuracy of the information provided.


  

	23.	Limitation on Landlord’s Liability. 

 With respect to collection of any
judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default or breach by Landlord with respect to any of the terms, covenants and conditions of this Lease as affecting a Leased Premises, Tenant agrees
that it shall look solely to the estate of Landlord in the Building (together with the land on which such Building is located) in which the applicable Leased Premises is located, subject to the prior rights of any mortgagee of such Building or any
underlying lessor, and no other assets of Landlord shall be subject to levy, garnishment, attachment, execution or other procedures for the satisfaction of Tenant’s remedies. 

 

	24.	Additional Documentation. 

 From time to time throughout the Term, Tenant shall
execute and deliver to Landlord, within ten (10) business days following request therefor, any reasonable document required by Landlord in connection with this Lease or any portion of any Leased Premises including, by way of example and without
limitation, tenant estoppel certificates addressed to Landlord and/or Landlord’s prospective lender and/or purchaser and Subordination, Non-Disturbance and Attornment Agreements with Landlord’s or its purchaser’s lender or prospective
lender. 
  

	25.	Rules and Regulations. 

 Tenant agrees to comply with reasonable rules and
regulations issues by Landlord governing the conduct of businesses on or about the Leased Premises and any rules and regulations issued by Landlord for the Building. 
  

	26.	Signage. 

 Tenant shall not install any signage on or about any of the Leased
Premises without the prior written consent of Landlord which consent may be granted or withheld in Landlord’s sole discretion. 

  
 10 









	27.	Risk of Loss. 

 Tenant assumes all risk of damage or loss of any fixtures,
equipment, merchandise or goods located in or about the Leased Premises from any cause whatsoever and for all damage or loss that may arise from, without limitation, the following: delivery, receipt, piling, stacking, storage, or handling the goods
and merchandise of Tenant, whether within the Leased Premises or otherwise. Tenant shall be liable for any new installation (subject to Landlord’s consent which shall not be unreasonably withheld), repair, maintenance, and payment of all costs
associated with new or existing security systems, if any, in the Leased Premises. Landlord shall have no obligation to provide security for any Leased Premises, except as any security measure may be generally available for Landlord’s retail
operations in the Building where such Leased Premises are located. In no event shall Landlord be responsible for shrinkage experienced by Tenant at any Leased Premises. 
  

	28.	Landlord’s Early Termination Option. 

 Notwithstanding anything in this Lease
to the contrary, this Lease shall be terminated with respect to an applicable Leased Premises at any time upon prior written notice to Tenant in the following events: 
  

	 	(i)	If Landlord is selling or has sold the Building in which the Leased Premises are located or if Landlord ceases to operate a retail facility in the Building in which the Leased Premises are located in substantially the
same manner as existing on the date of this Lease, then Landlord shall terminate this Lease with respect to the applicable Leased Premises by delivery of written notice to Tenant, with such termination to be effective ninety (90) days after the
date of such notice; or 

  

	 	(ii)	If any third party under a Third Party Agreement objects to this Lease with respect to a Leased Premises, then Landlord shall, in Landlord’s sole discretion, either (a) terminate this Lease with respect to the
applicable Leased Premises by delivery of written notice to Tenant, with such termination to be effective thirty (30) days after the date of such notice or (b) procure the third party’s agreement to permit Tenant to continue to occupy
the applicable Leased Premises as provided for under the terms of this Lease. 

 On or before the effective date of a
termination of this Lease with respect to the applicable Leased Premises (“Termination Date”) as described in either subparagraphs (i) or (ii) above, Tenant shall surrender and vacate the Leased Premises in accordance with
Section 13. Tenant covenants and agrees to pay Landlord all sums accruing and/or required to be paid by Tenant pursuant to the provisions of this Lease with respect to such Leased Premises through the Termination Date, as and when any of such
sums become due and payable. Tenant’s obligations under this Section shall survive the Expiration Date or earlier termination of this Lease. 
  

	29.	Quiet Enjoyment. Provided that Tenant pays the Rent and fully and faithfully observes and performs all of the terms, covenants and conditions set forth in this Lease on Tenant’s part to
be observed and performed, Landlord shall not do anything during the Term as to unlawfully interfere with Tenant’s peaceful and quiet enjoyment of the Leased Premises, subject, nevertheless, to the terms and conditions of this Lease and the
RSA. Tenant shall not interfere with the quiet enjoyment of the other tenants of the Building. 


  
 11 









	30.	Encroachments. 

 Notwithstanding any provision in this Lease to the contrary, in
the event Tenant operates, occupies or uses any portion of a Building other than the Leased Premises contained in such Building (and other than the non-exclusive use of the Common Areas as provided in Section 1 hereof), Tenant shall have ten
(10) days to cure after notice thereof. If Tenant fails to cure such an encroachment within the ten (10) day period, Tenant shall pay an amount equal to the per square foot Rent for the applicable Leased Premises set forth on Annex
A under the column “Rent PSF” for the particular location where the encroachment occurred, multiplied by the amount of space that is encroached upon, and such increase in Rent shall be retroactive to the date that such operation,
occupation or use commenced If such an encroachment occurs more than twice within any twelve (12) month period, Landlord may terminate this Lease with respect to its Leased Premises immediately upon Landlord’s written notice to Tenant.

  

	31.	Choice of Law, Litigation, Court Costs and Attorney’s Fees. 

 In the event
that at any time either Landlord or Tenant institutes any action or proceeding against the other relating to the provisions of this Lease or any default hereunder, the prevailing party in such action or proceeding will be entitled to recover from
the other party reasonable attorneys’ fees and costs. This Lease with respect to each Leased Premises shall be construed in accordance with and governed by the laws of the state in which such Leased Premises are located. Landlord and Tenant
waive all rights to (i) trial by jury in any litigation arising under this Lease and (ii) resort to arbitration in the event of any dispute under this Lease. 
  

	32.	Counterparts 

 This Lease may be executed in counterparts, each of which shall be
deemed an original but all of which together shall constitute one and the same instrument. 
  

	33.	Acknowledgement of Representation by Legal Counsel. 

 Each party hereto warrants
and represents that it has reviewed and negotiated the terms and conditions of this Lease with legal counsel of its own choosing, or has had an opportunity to do so, and that it knowingly and voluntarily enters into this Lease having had the
opportunity to consult with legal counsel. 
 [SIGNATURE PAGE FOLLOWS] 

  
 12 








 IN WITNESS WHEREOF, the parties have executed this Lease as of the day and year first
above written. 
  

			
	LANDLORD:
	
	 SEARS, ROEBUCK AND CO.,
 a
New York corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	TENANT:
	
	 LANDS’ END, INC.,
 a
Delaware corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  




  
 13 








 ANNEX A 








																																																															
	 Store
Num
	 	 Store Name
	 	 Lease
Term
	 	 Lease
Factor
	 	 FY2014
Begin
Sq Ft
	 	 Yr 1
Rent
PSF
	 	 Yr 1
Rent
	 	 Downsize/

Closure?
	 	 FY2015
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 2
Rent
PSF
	 	 Yr 2
Rent
	 	 FY2016
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 3
Rent
PSF
	 	 Yr 3
Rent
	 	 FY2017
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 4
Rent
PSF
	 	 Yr 4
Rent
	 	 FY2018
Begin
Sq Ft
	 	 Lease
Factor
	 	 	 Yr 5
Rent
PSF
	 	 	 Yr 5
Rent
	 	 	 FY2019
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 6
Rent
PSF
	 	 Yr 6
Rent
	 	 Expiration
Date

	1003	 	1003 SALEM	 	5.00	 	[*****]	 	8,653	 	[*****]	 	[*****]	 		 	8,653	 	[*****]	 	[*****]	 	[*****]	 	8,653	 	[*****]	 	[*****]	 	[*****]	 	8,653	 	[*****]	 	[*****]	 	[*****]	 	8,653	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,653	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1011	 	1011 GRANDVILLE	 	6.00	 	[*****]	 	4,621	 	[*****]	 	[*****]	 		 	4,621	 	[*****]	 	[*****]	 	[*****]	 	4,621	 	[*****]	 	[*****]	 	[*****]	 	4,621	 	[*****]	 	[*****]	 	[*****]	 	4,621	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,621	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1012	 	1012 DES MOINES	 	6.00	 	[*****]	 	4,841	 	[*****]	 	[*****]	 		 	4,841	 	[*****]	 	[*****]	 	[*****]	 	4,841	 	[*****]	 	[*****]	 	[*****]	 	4,841	 	[*****]	 	[*****]	 	[*****]	 	4,841	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,841	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1019	 	1019 PLEASANTON	 	5.00	 	[*****]	 	8,166	 	[*****]	 	[*****]	 		 	8,166	 	[*****]	 	[*****]	 	[*****]	 	8,166	 	[*****]	 	[*****]	 	[*****]	 	8,166	 	[*****]	 	[*****]	 	[*****]	 	8,166	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,166	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1022	 	1022 OMAHA	 	6.00	 	[*****]	 	4,760	 	[*****]	 	[*****]	 		 	4,760	 	[*****]	 	[*****]	 	[*****]	 	4,760	 	[*****]	 	[*****]	 	[*****]	 	4,760	 	[*****]	 	[*****]	 	[*****]	 	4,760	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,760	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1023	 	1023 DULLES/LOUDOUN CNTY	 	5.00	 	[*****]	 	9,535	 	[*****]	 	[*****]	 		 	9,535	 	[*****]	 	[*****]	 	[*****]	 	9,535	 	[*****]	 	[*****]	 	[*****]	 	9,535	 	[*****]	 	[*****]	 	[*****]	 	9,535	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	9,535	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1029	 	1029 SPOKANE	 	5.00	 	[*****]	 	6,049	 	[*****]	 	[*****]	 		 	6,049	 	[*****]	 	[*****]	 	[*****]	 	6,049	 	[*****]	 	[*****]	 	[*****]	 	6,049	 	[*****]	 	[*****]	 	[*****]	 	6,049	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,049	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1033	 	1033 N ATTLEBORO	 	4.00	 	[*****]	 	10,327	 	[*****]	 	[*****]	 		 	10,327	 	[*****]	 	[*****]	 	[*****]	 	10,327	 	[*****]	 	[*****]	 	[*****]	 	10,327	 	[*****]	 	[*****]	 	[*****]	 	10,327	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	10,327	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1034	 	1034 PITTSBURGH/ROSS PARK	 	5.00	 	[*****]	 	16,979	 	[*****]	 	[*****]	 		 	16,979	 	[*****]	 	[*****]	 	[*****]	 	16,979	 	[*****]	 	[*****]	 	[*****]	 	16,979	 	[*****]	 	[*****]	 	[*****]	 	16,979	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	16,979	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1043	 	1043 MERIDEN	 	5.00	 	[*****]	 	6,910	 	[*****]	 	[*****]	 		 	6,910	 	[*****]	 	[*****]	 	[*****]	 	6,910	 	[*****]	 	[*****]	 	[*****]	 	6,910	 	[*****]	 	[*****]	 	[*****]	 	6,910	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,910	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1051	 	1051 STRONGSVILLE	 	4.00	 	[*****]	 	5,833	 	[*****]	 	[*****]	 	min rent	 	5,833	 	[*****]	 	[*****]	 	[*****]	 	5,833	 	[*****]	 	[*****]	 	[*****]	 	5,833	 	[*****]	 	[*****]	 	[*****]	 	5,833	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,833	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1053	 	1053 SAUGUS	 	6.00	 	[*****]	 	5,565	 	[*****]	 	[*****]	 		 	5,565	 	[*****]	 	[*****]	 	[*****]	 	5,565	 	[*****]	 	[*****]	 	[*****]	 	5,565	 	[*****]	 	[*****]	 	[*****]	 	5,565	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,565	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1059	 	1059 SEATTLE/SHORELINE	 	5.00	 	[*****]	 	6,575	 	[*****]	 	[*****]	 		 	6,575	 	[*****]	 	[*****]	 	[*****]	 	6,575	 	[*****]	 	[*****]	 	[*****]	 	6,575	 	[*****]	 	[*****]	 	[*****]	 	6,575	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,575	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1062	 	1062 BROOKFIELD	 	5.00	 	[*****]	 	9,484	 	[*****]	 	[*****]	 		 	9,484	 	[*****]	 	[*****]	 	[*****]	 	9,484	 	[*****]	 	[*****]	 	[*****]	 	9,484	 	[*****]	 	[*****]	 	[*****]	 	9,484	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	9,484	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1063	 	1063 WEST HARTFORD	 	4.00	 	[*****]	 	7,481	 	[*****]	 	[*****]	 		 	7,481	 	[*****]	 	[*****]	 	[*****]	 	7,481	 	[*****]	 	[*****]	 	[*****]	 	7,481	 	[*****]	 	[*****]	 	[*****]	 	7,481	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,481	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1067	 	1067 HOUSTON/MEMORIAL	 	4.00	 	[*****]	 	4,941	 	[*****]	 	[*****]	 		 	4,941	 	[*****]	 	[*****]	 	[*****]	 	4,941	 	[*****]	 	[*****]	 	[*****]	 	4,941	 	[*****]	 	[*****]	 	[*****]	 	4,941	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,941	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1069	 	1069 REDMOND OVERLAKE PARK	 	4.00	 	[*****]	 	11,458	 	[*****]	 	[*****]	 		 	11,458	 	[*****]	 	[*****]	 	[*****]	 	11,458	 	[*****]	 	[*****]	 	[*****]	 	11,458	 	[*****]	 	[*****]	 	[*****]	 	11,458	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	11,458	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1074	 	1074 WALDORF/ST CHARLES	 	6.00	 	[*****]	 	8,771	 	[*****]	 	[*****]	 		 	8,771	 	[*****]	 	[*****]	 	[*****]	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	8,771	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1079	 	1079 PORTLAND WASHINGTON SQ	 	4.00	 	[*****]	 	18,907	 	[*****]	 	[*****]	 	downsize	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1083	 	1083 WARWICK	 	5.00	 	[*****]	 	8,188	 	[*****]	 	[*****]	 		 	8,188	 	[*****]	 	[*****]	 	[*****]	 	8,188	 	[*****]	 	[*****]	 	[*****]	 	8,188	 	[*****]	 	[*****]	 	[*****]	 	8,188	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,188	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1089	 	1089 ANCHORAGE(SUR)	 	6.00	 	[*****]	 	7,398	 	[*****]	 	[*****]	 		 	7,398	 	[*****]	 	[*****]	 	[*****]	 	7,398	 	[*****]	 	[*****]	 	[*****]	 	7,398	 	[*****]	 	[*****]	 	[*****]	 	7,398	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,398	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1090	 	1090 CHICAGO HARLEM AVE	 	1.00	 	[*****]	 	1,075	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1101	 	1101 OVERLAND PARK	 	6.00	 	[*****]	 	8,234	 	[*****]	 	[*****]	 		 	8,234	 	[*****]	 	[*****]	 	[*****]	 	8,234	 	[*****]	 	[*****]	 	[*****]	 	8,234	 	[*****]	 	[*****]	 	[*****]	 	8,234	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,234	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1103	 	1103 ALBANY	 	5.00	 	[*****]	 	7,513	 	[*****]	 	[*****]	 		 	7,513	 	[*****]	 	[*****]	 	[*****]	 	7,513	 	[*****]	 	[*****]	 	[*****]	 	7,513	 	[*****]	 	[*****]	 	[*****]	 	7,513	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,513	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1104	 	1104 MARLBOROUGH	 	5.00	 	[*****]	 	9,950	 	[*****]	 	[*****]	 		 	9,950	 	[*****]	 	[*****]	 	[*****]	 	9,950	 	[*****]	 	[*****]	 	[*****]	 	9,950	 	[*****]	 	[*****]	 	[*****]	 	9,950	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	9,950	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1109	 	1109 LYNNWOOD	 	5.00	 	[*****]	 	7,044	 	[*****]	 	[*****]	 		 	7,044	 	[*****]	 	[*****]	 	[*****]	 	7,044	 	[*****]	 	[*****]	 	[*****]	 	7,044	 	[*****]	 	[*****]	 	[*****]	 	7,044	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,044	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1110	 	1110 PORTAGE	 	6.00	 	[*****]	 	5,178	 	[*****]	 	[*****]	 		 	5,178	 	[*****]	 	[*****]	 	[*****]	 	5,178	 	[*****]	 	[*****]	 	[*****]	 	5,178	 	[*****]	 	[*****]	 	[*****]	 	5,178	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,178	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1112	 	1112 MINNETONKA	 	6.00	 	[*****]	 	5,712	 	[*****]	 	[*****]	 		 	5,712	 	[*****]	 	[*****]	 	[*****]	 	5,712	 	[*****]	 	[*****]	 	[*****]	 	5,712	 	[*****]	 	[*****]	 	[*****]	 	5,712	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,712	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1119	 	1119 PORTLAND	 	4.00	 	[*****]	 	6,442	 	[*****]	 	[*****]	 	min rent	 	6,442	 	[*****]	 	[*****]	 	[*****]	 	6,442	 	[*****]	 	[*****]	 	[*****]	 	6,442	 	[*****]	 	[*****]	 	[*****]	 	6,442	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,442	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1120	 	1120 COLUMBUS	 	6.00	 	[*****]	 	8,374	 	[*****]	 	[*****]	 		 	8,374	 	[*****]	 	[*****]	 	[*****]	 	8,374	 	[*****]	 	[*****]	 	[*****]	 	8,374	 	[*****]	 	[*****]	 	[*****]	 	8,374	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,374	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1121	 	1121 INDEPENDENCE	 	1.00	 	[*****]	 	4,720	 	[*****]	 	[*****]	 	neg
EBITDA
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1122	 	1122 MAPLEWOOD	 	6.00	 	[*****]	 	6,421	 	[*****]	 	[*****]	 		 	6,421	 	[*****]	 	[*****]	 	[*****]	 	6,421	 	[*****]	 	[*****]	 	[*****]	 	6,421	 	[*****]	 	[*****]	 	[*****]	 	6,421	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,421	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1127	 	1127 HOUSTON SHEPHERD	 	1.00	 	[*****]	 	1,294	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1131	 	1131 LITTLETON DENVER	 	5.00	 	[*****]	 	6,372	 	[*****]	 	[*****]	 		 	6,372	 	[*****]	 	[*****]	 	[*****]	 	6,372	 	[*****]	 	[*****]	 	[*****]	 	6,372	 	[*****]	 	[*****]	 	[*****]	 	6,372	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,372	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1132	 	1132 BURNSVILLE	 	6.00	 	[*****]	 	5,659	 	[*****]	 	[*****]	 		 	5,659	 	[*****]	 	[*****]	 	[*****]	 	5,659	 	[*****]	 	[*****]	 	[*****]	 	5,659	 	[*****]	 	[*****]	 	[*****]	 	5,659	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,659	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1136	 	1136 BIRMINGHAM/ RIVERCHASE	 	6.00	 	[*****]	 	4,215	 	[*****]	 	[*****]	 		 	4,215	 	[*****]	 	[*****]	 	[*****]	 	4,215	 	[*****]	 	[*****]	 	[*****]	 	4,215	 	[*****]	 	[*****]	 	[*****]	 	4,215	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,215	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019









																																																															
	 Store
Num
	 	 Store Name
	 	 Lease
Term
	 	 Lease
Factor
	 	 FY2014
Begin
Sq Ft
	 	 Yr 1
Rent
PSF
	 	 Yr 1
Rent
	 	 Downsize/

Closure?
	 	 FY2015
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 2
Rent
PSF
	 	 Yr 2
Rent
	 	 FY2016
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 3
Rent
PSF
	 	 Yr 3
Rent
	 	 FY2017
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 4
Rent
PSF
	 	 Yr 4
Rent
	 	 FY2018
Begin
Sq Ft
	 	 Lease
Factor
	 	 	 Yr 5
Rent
PSF
	 	 	 Yr 5
Rent
	 	 	 FY2019
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 6
Rent
PSF
	 	 Yr 6
Rent
	 	 Expiration
Date

	1140	 	1140 GRAND RAPIDS	 	5.00	 	[*****]	 	7,821	 	[*****]	 	[*****]	 		 	7,821	 	[*****]	 	[*****]	 	[*****]	 	7,821	 	[*****]	 	[*****]	 	[*****]	 	7,821	 	[*****]	 	[*****]	 	[*****]	 	7,821	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,821	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1142	 	1142 EDEN PRAIRIE	 	6.00	 	[*****]	 	6,837	 	[*****]	 	[*****]	 		 	6,837	 	[*****]	 	[*****]	 	[*****]	 	6,837	 	[*****]	 	[*****]	 	[*****]	 	6,837	 	[*****]	 	[*****]	 	[*****]	 	6,837	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,837	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1146	 	1146 CORDOVA / MEMPHIS / GERMANTWN	 	4.00	 	[*****]	 	4,754	 	[*****]	 	[*****]	 	min rent	 	4,754	 	[*****]	 	[*****]	 	[*****]	 	4,754	 	[*****]	 	[*****]	 	[*****]	 	4,754	 	[*****]	 	[*****]	 	[*****]	 	4,754	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,754	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1147	 	1147 BATON ROUGE	 	1.00	 	[*****]	 	1,073	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1148	 	1148 VENTURA	 	6.00	 	[*****]	 	6,691	 	[*****]	 	[*****]	 		 	6,691	 	[*****]	 	[*****]	 	[*****]	 	6,691	 	[*****]	 	[*****]	 	[*****]	 	6,691	 	[*****]	 	[*****]	 	[*****]	 	6,691	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,691	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1155	 	1155 KENNESAW	 	5.00	 	[*****]	 	8,086	 	[*****]	 	[*****]	 		 	8,086	 	[*****]	 	[*****]	 	[*****]	 	8,086	 	[*****]	 	[*****]	 	[*****]	 	8,086	 	[*****]	 	[*****]	 	[*****]	 	8,086	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,086	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1156	 	1156 ROSEVILLE	 	5.00	 	[*****]	 	7,565	 	[*****]	 	[*****]	 	min rent	 	7,565	 	[*****]	 	[*****]	 	[*****]	 	7,565	 	[*****]	 	[*****]	 	[*****]	 	7,565	 	[*****]	 	[*****]	 	[*****]	 	7,565	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,565	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1159	 	1159 FAIRFIELD	 	4.00	 	[*****]	 	4,848	 	[*****]	 	[*****]	 	min rent	 	4,848	 	[*****]	 	[*****]	 	[*****]	 	4,848	 	[*****]	 	[*****]	 	[*****]	 	4,848	 	[*****]	 	[*****]	 	[*****]	 	4,848	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,848	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1163	 	1163 BURLINGTON	 	4.00	 	[*****]	 	20,936	 	[*****]	 	[*****]	 	downsize	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1168	 	1168 NO HOLLYWOOD LA VALLEY	 	1.00	 	[*****]	 	1,268	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1171	 	1171 SPRINGFIELD	 	6.00	 	[*****]	 	4,748	 	[*****]	 	[*****]	 		 	4,748	 	[*****]	 	[*****]	 	[*****]	 	4,748	 	[*****]	 	[*****]	 	[*****]	 	4,748	 	[*****]	 	[*****]	 	[*****]	 	4,748	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,748	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1178	 	1178 SANTA MONICA	 	4.00	 	[*****]	 	5,818	 	[*****]	 	[*****]	 		 	5,818	 	[*****]	 	[*****]	 	[*****]	 	5,818	 	[*****]	 	[*****]	 	[*****]	 	5,818	 	[*****]	 	[*****]	 	[*****]	 	5,818	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,818	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1179	 	1179 CANOGA PK/TOPANGA PLZ	 	2.92	 	[*****]	 	4,401	 	[*****]	 	[*****]	 	min rent	 	4,401	 	[*****]	 	[*****]	 	[*****]	 	4,401	 	[*****]	 	[*****]	 	[*****]	 	4,401	 	[*****]	 	[*****]	 	[*****]	 	4,401	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,401	 	[*****]	 	[*****]	 	[*****]	 	10/31/2016
	1182	 	1182 ST PETERS	 	5.00	 	[*****]	 	8,004	 	[*****]	 	[*****]	 		 	8,004	 	[*****]	 	[*****]	 	[*****]	 	8,004	 	[*****]	 	[*****]	 	[*****]	 	8,004	 	[*****]	 	[*****]	 	[*****]	 	8,004	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,004	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1185	 	1185 ASHEVILLE	 	6.00	 	[*****]	 	8,263	 	[*****]	 	[*****]	 		 	8,263	 	[*****]	 	[*****]	 	[*****]	 	8,263	 	[*****]	 	[*****]	 	[*****]	 	8,263	 	[*****]	 	[*****]	 	[*****]	 	8,263	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,263	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1186	 	1186 MEMPHIS / POPLAR	 	5.00	 	[*****]	 	4,899	 	[*****]	 	[*****]	 		 	4,899	 	[*****]	 	[*****]	 	[*****]	 	4,899	 	[*****]	 	[*****]	 	[*****]	 	4,899	 	[*****]	 	[*****]	 	[*****]	 	4,899	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,899	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1192	 	1192 MUSKEGON	 	6.00	 	[*****]	 	4,261	 	[*****]	 	[*****]	 	min rent	 	4,261	 	[*****]	 	[*****]	 	[*****]	 	4,261	 	[*****]	 	[*****]	 	[*****]	 	4,261	 	[*****]	 	[*****]	 	[*****]	 	4,261	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,261	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1193	 	1193 WATERFORD	 	6.00	 	[*****]	 	7,484	 	[*****]	 	[*****]	 		 	7,484	 	[*****]	 	[*****]	 	[*****]	 	7,484	 	[*****]	 	[*****]	 	[*****]	 	7,484	 	[*****]	 	[*****]	 	[*****]	 	7,484	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,484	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1204	 	1204 FREEHOLD	 	5.00	 	[*****]	 	7,987	 	[*****]	 	[*****]	 		 	7,987	 	[*****]	 	[*****]	 	[*****]	 	7,987	 	[*****]	 	[*****]	 	[*****]	 	7,987	 	[*****]	 	[*****]	 	[*****]	 	7,987	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,987	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1209	 	1209 LONG BEACH	 	2.92	 	[*****]	 	7,459	 	[*****]	 	[*****]	 		 	7,459	 	[*****]	 	[*****]	 	[*****]	 	7,459	 	[*****]	 	[*****]	 	[*****]	 	7,459	 	[*****]	 	[*****]	 	[*****]	 	7,459	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,459	 	[*****]	 	[*****]	 	[*****]	 	10/31/2016
	1210	 	1210 COLUMBUS / POLARIS	 	6.00	 	[*****]	 	6,611	 	[*****]	 	[*****]	 		 	6,611	 	[*****]	 	[*****]	 	[*****]	 	6,611	 	[*****]	 	[*****]	 	[*****]	 	6,611	 	[*****]	 	[*****]	 	[*****]	 	6,611	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	6,611	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1220	 	1220 TOLEDO	 	5.00	 	[*****]	 	8,772	 	[*****]	 	[*****]	 		 	8,772	 	[*****]	 	[*****]	 	[*****]	 	8,772	 	[*****]	 	[*****]	 	[*****]	 	8,772	 	[*****]	 	[*****]	 	[*****]	 	8,772	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,772	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1221	 	1221 COLORADO SPRINGS	 	5.00	 	[*****]	 	5,076	 	[*****]	 	[*****]	 		 	5,076	 	[*****]	 	[*****]	 	[*****]	 	5,076	 	[*****]	 	[*****]	 	[*****]	 	5,076	 	[*****]	 	[*****]	 	[*****]	 	5,076	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,076	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1224	 	1224 HARRISBURG	 	5.00	 	[*****]	 	7,435	 	[*****]	 	[*****]	 	min rent	 	7,435	 	[*****]	 	[*****]	 	[*****]	 	7,435	 	[*****]	 	[*****]	 	[*****]	 	7,435	 	[*****]	 	[*****]	 	[*****]	 	7,435	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,435	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1225	 	1225 ORLANDO COLONIAL	 	4.00	 	[*****]	 	4,531	 	[*****]	 	[*****]	 	min rent	 	4,531	 	[*****]	 	[*****]	 	[*****]	 	4,531	 	[*****]	 	[*****]	 	[*****]	 	4,531	 	[*****]	 	[*****]	 	[*****]	 	4,531	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,531	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1226	 	1226 METAIRIE NW ORLNS	 	1.00	 	[*****]	 	1,548	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1263	 	1263 WATERBURY	 	5.00	 	[*****]	 	7,176	 	[*****]	 	[*****]	 	min rent	 	7,176	 	[*****]	 	[*****]	 	[*****]	 	7,176	 	[*****]	 	[*****]	 	[*****]	 	7,176	 	[*****]	 	[*****]	 	[*****]	 	7,176	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,176	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1264	 	1264 HICKSVILLE	 	4.00	 	[*****]	 	8,369	 	[*****]	 	[*****]	 		 	8,369	 	[*****]	 	[*****]	 	[*****]	 	8,369	 	[*****]	 	[*****]	 	[*****]	 	8,369	 	[*****]	 	[*****]	 	[*****]	 	8,369	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,369	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1265	 	1265 VIRGINIA BEACH	 	6.00	 	[*****]	 	8,290	 	[*****]	 	[*****]	 		 	8,290	 	[*****]	 	[*****]	 	[*****]	 	8,290	 	[*****]	 	[*****]	 	[*****]	 	8,290	 	[*****]	 	[*****]	 	[*****]	 	8,290	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	8,290	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1271	 	1271 LITTLETON / DENVER SW	 	6.00	 	[*****]	 	5,885	 	[*****]	 	[*****]	 		 	5,885	 	[*****]	 	[*****]	 	[*****]	 	5,885	 	[*****]	 	[*****]	 	[*****]	 	5,885	 	[*****]	 	[*****]	 	[*****]	 	5,885	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	5,885	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1275	 	1275 ATLANTA / NORTHLAKE	 	5.00	 	[*****]	 	7,993	 	[*****]	 	[*****]	 		 	7,993	 	[*****]	 	[*****]	 	[*****]	 	7,993	 	[*****]	 	[*****]	 	[*****]	 	7,993	 	[*****]	 	[*****]	 	[*****]	 	7,993	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,993	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1277	 	1277 SAN ANTONIO INGRAM	 	1.00	 	[*****]	 	1,179	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1284	 	1284 ALEXANDRIA	 	6.00	 	[*****]	 	9,608	 	[*****]	 	[*****]	 		 	9,608	 	[*****]	 	[*****]	 	[*****]	 	9,608	 	[*****]	 	[*****]	 	[*****]	 	9,608	 	[*****]	 	[*****]	 	[*****]	 	9,608	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	9,608	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1290	 	1290 NILES	 	5.00	 	[*****]	 	7,305	 	[*****]	 	[*****]	 	min rent	 	7,305	 	[*****]	 	[*****]	 	[*****]	 	7,305	 	[*****]	 	[*****]	 	[*****]	 	7,305	 	[*****]	 	[*****]	 	[*****]	 	7,305	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	7,305	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1294	 	1294 WATCHUNG	 	5.00	 	[*****]	 	9,042	 	[*****]	 	[*****]	 		 	9,042	 	[*****]	 	[*****]	 	[*****]	 	9,042	 	[*****]	 	[*****]	 	[*****]	 	9,042	 	[*****]	 	[*****]	 	[*****]	 	9,042	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	9,042	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1295	 	1295 ST PETERSBURG	 	1.00	 	[*****]	 	1,163	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1297	 	1297 HURST	 	4.00	 	[*****]	 	4,489	 	[*****]	 	[*****]	 	min rent	 	4,489	 	[*****]	 	[*****]	 	[*****]	 	4,489	 	[*****]	 	[*****]	 	[*****]	 	4,489	 	[*****]	 	[*****]	 	[*****]	 	4,489	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	4,489	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1300	 	1300 OAK BROOK	 	4.00	 	[*****]	 	13,485	 	[*****]	 	[*****]	 		 	13,485	 	[*****]	 	[*****]	 	[*****]	 	13,485	 	[*****]	 	[*****]	 	[*****]	 	13,485	 	[*****]	 	[*****]	 	[*****]	 	13,485	 	 	[*****]	  	 	 	[*****]	  	 	 	[*****]	  	 	13,485	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018









																																																									
	 Store
Num
	 	 Store Name
	 	 Lease
Term
	 	 Lease
Factor
	 	 FY2014
Begin
Sq Ft
	 	 Yr 1
Rent
PSF
	 	 Yr 1
Rent
	 	 Downsize/

Closure?
	 	 FY2015
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 2
Rent
PSF
	 	 Yr 2
Rent
	 	 FY2016
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 3
Rent
PSF
	 	 Yr 3
Rent
	 	 FY2017
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 4
Rent
PSF
	 	 Yr 4
Rent
	 	 FY2018
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 5
Rent
PSF
	 	 Yr 5
Rent
	 	 FY2019
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 6
Rent
PSF
	 	 Yr 6
Rent
	 	 Expiration
Date

	1303	 	1303 DANBURY	 	4.00	 	[*****]	 	8,357	 	[*****]	 	[*****]	 		 	8,357	 	[*****]	 	[*****]	 	[*****]	 	8,357	 	[*****]	 	[*****]	 	[*****]	 	8,357	 	[*****]	 	[*****]	 	[*****]	 	8,357	 	[*****]	 	[*****]	 	[*****]	 	8,357	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1305	 	1305 SAVANNAH	 	1.00	 	[*****]	 	4,801	 	[*****]	 	[*****]	 	neg
EBITDA
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1313	 	1313 NASHUA	 	4.00	 	[*****]	 	7,573	 	[*****]	 	[*****]	 		 	7,573	 	[*****]	 	[*****]	 	[*****]	 	7,573	 	[*****]	 	[*****]	 	[*****]	 	7,573	 	[*****]	 	[*****]	 	[*****]	 	7,573	 	[*****]	 	[*****]	 	[*****]	 	7,573	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1314	 	1314 NEW BRUNSWICK	 	6.00	 	[*****]	 	7,107	 	[*****]	 	[*****]	 		 	7,107	 	[*****]	 	[*****]	 	[*****]	 	7,107	 	[*****]	 	[*****]	 	[*****]	 	7,107	 	[*****]	 	[*****]	 	[*****]	 	7,107	 	[*****]	 	[*****]	 	[*****]	 	7,107	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1333	 	1333 POUGHKEEPSIE	 	5.00	 	[*****]	 	5,523	 	[*****]	 	[*****]	 		 	5,523	 	[*****]	 	[*****]	 	[*****]	 	5,523	 	[*****]	 	[*****]	 	[*****]	 	5,523	 	[*****]	 	[*****]	 	[*****]	 	5,523	 	[*****]	 	[*****]	 	[*****]	 	5,523	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1337	 	1337 PLANO	 	6.00	 	[*****]	 	4,196	 	[*****]	 	[*****]	 		 	4,196	 	[*****]	 	[*****]	 	[*****]	 	4,196	 	[*****]	 	[*****]	 	[*****]	 	4,196	 	[*****]	 	[*****]	 	[*****]	 	4,196	 	[*****]	 	[*****]	 	[*****]	 	4,196	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1338	 	1338 TUCSON	 	1.00	 	[*****]	 	1,139	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1350	 	1350 MENTOR	 	5.00	 	[*****]	 	10,420	 	[*****]	 	[*****]	 		 	10,420	 	[*****]	 	[*****]	 	[*****]	 	10,420	 	[*****]	 	[*****]	 	[*****]	 	10,420	 	[*****]	 	[*****]	 	[*****]	 	10,420	 	[*****]	 	[*****]	 	[*****]	 	10,420	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1353	 	1353 DE WITT/SYRACUSE	 	6.00	 	[*****]	 	8,801	 	[*****]	 	[*****]	 		 	8,801	 	[*****]	 	[*****]	 	[*****]	 	8,801	 	[*****]	 	[*****]	 	[*****]	 	8,801	 	[*****]	 	[*****]	 	[*****]	 	8,801	 	[*****]	 	[*****]	 	[*****]	 	8,801	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1354	 	1354 WILLOW GROVE	 	4.00	 	[*****]	 	9,100	 	[*****]	 	[*****]	 		 	9,100	 	[*****]	 	[*****]	 	[*****]	 	9,100	 	[*****]	 	[*****]	 	[*****]	 	9,100	 	[*****]	 	[*****]	 	[*****]	 	9,100	 	[*****]	 	[*****]	 	[*****]	 	9,100	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1364	 	1364 LAKE GROVE	 	4.00	 	[*****]	 	7,133	 	[*****]	 	[*****]	 		 	7,133	 	[*****]	 	[*****]	 	[*****]	 	7,133	 	[*****]	 	[*****]	 	[*****]	 	7,133	 	[*****]	 	[*****]	 	[*****]	 	7,133	 	[*****]	 	[*****]	 	[*****]	 	7,133	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1375	 	1375 WINSTON SALEM	 	6.00	 	[*****]	 	10,406	 	[*****]	 	[*****]	 		 	10,406	 	[*****]	 	[*****]	 	[*****]	 	10,406	 	[*****]	 	[*****]	 	[*****]	 	10,406	 	[*****]	 	[*****]	 	[*****]	 	10,406	 	[*****]	 	[*****]	 	[*****]	 	10,406	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1385	 	1385 ATLANTA	 	6.00	 	[*****]	 	7,587	 	[*****]	 	[*****]	 		 	7,587	 	[*****]	 	[*****]	 	[*****]	 	7,587	 	[*****]	 	[*****]	 	[*****]	 	7,587	 	[*****]	 	[*****]	 	[*****]	 	7,587	 	[*****]	 	[*****]	 	[*****]	 	7,587	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1388	 	1388 COSTA MESA	 	5.00	 	[*****]	 	8,042	 	[*****]	 	[*****]	 		 	8,042	 	[*****]	 	[*****]	 	[*****]	 	8,042	 	[*****]	 	[*****]	 	[*****]	 	8,042	 	[*****]	 	[*****]	 	[*****]	 	8,042	 	[*****]	 	[*****]	 	[*****]	 	8,042	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1390	 	1390 ANN ARBOR	 	6.00	 	[*****]	 	17,489	 	[*****]	 	[*****]	 	downsize	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1410	 	1410 CANTON	 	6.00	 	[*****]	 	8,979	 	[*****]	 	[*****]	 		 	8,979	 	[*****]	 	[*****]	 	[*****]	 	8,979	 	[*****]	 	[*****]	 	[*****]	 	8,979	 	[*****]	 	[*****]	 	[*****]	 	8,979	 	[*****]	 	[*****]	 	[*****]	 	8,979	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1414	 	1414 NANUET	 	6.00	 	[*****]	 	7,562	 	[*****]	 	[*****]	 		 	7,562	 	[*****]	 	[*****]	 	[*****]	 	7,562	 	[*****]	 	[*****]	 	[*****]	 	7,562	 	[*****]	 	[*****]	 	[*****]	 	7,562	 	[*****]	 	[*****]	 	[*****]	 	7,562	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1415	 	1415 CLEARWATER/ COUNTRYSIDE	 	6.00	 	[*****]	 	6,012	 	[*****]	 	[*****]	 		 	6,012	 	[*****]	 	[*****]	 	[*****]	 	6,012	 	[*****]	 	[*****]	 	[*****]	 	6,012	 	[*****]	 	[*****]	 	[*****]	 	6,012	 	[*****]	 	[*****]	 	[*****]	 	6,012	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1417	 	1417 HUMBLE	 	1.00	 	[*****]	 	1,218	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1424	 	1424 BETHESDA	 	4.00	 	[*****]	 	11,680	 	[*****]	 	[*****]	 		 	11,680	 	[*****]	 	[*****]	 	[*****]	 	11,680	 	[*****]	 	[*****]	 	[*****]	 	11,680	 	[*****]	 	[*****]	 	[*****]	 	11,680	 	[*****]	 	[*****]	 	[*****]	 	11,680	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1430	 	1430 MIDDLEBURG HTS/CLEVELAND	 	5.00	 	[*****]	 	7,381	 	[*****]	 	[*****]	 		 	7,381	 	[*****]	 	[*****]	 	[*****]	 	7,381	 	[*****]	 	[*****]	 	[*****]	 	7,381	 	[*****]	 	[*****]	 	[*****]	 	7,381	 	[*****]	 	[*****]	 	[*****]	 	7,381	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1434	 	1434 WAYNE	 	4.00	 	[*****]	 	9,652	 	[*****]	 	[*****]	 		 	9,652	 	[*****]	 	[*****]	 	[*****]	 	9,652	 	[*****]	 	[*****]	 	[*****]	 	9,652	 	[*****]	 	[*****]	 	[*****]	 	9,652	 	[*****]	 	[*****]	 	[*****]	 	9,652	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1438	 	1438 EL CAJON	 	5.00	 	[*****]	 	6,511	 	[*****]	 	[*****]	 	min rent	 	6,511	 	[*****]	 	[*****]	 	[*****]	 	6,511	 	[*****]	 	[*****]	 	[*****]	 	6,511	 	[*****]	 	[*****]	 	[*****]	 	6,511	 	[*****]	 	[*****]	 	[*****]	 	6,511	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1443	 	1443 MANCHESTER	 	4.00	 	[*****]	 	6,482	 	[*****]	 	[*****]	 		 	6,482	 	[*****]	 	[*****]	 	[*****]	 	6,482	 	[*****]	 	[*****]	 	[*****]	 	6,482	 	[*****]	 	[*****]	 	[*****]	 	6,482	 	[*****]	 	[*****]	 	[*****]	 	6,482	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1445	 	1445 RICHMOND	 	6.00	 	[*****]	 	5,390	 	[*****]	 	[*****]	 		 	5,390	 	[*****]	 	[*****]	 	[*****]	 	5,390	 	[*****]	 	[*****]	 	[*****]	 	5,390	 	[*****]	 	[*****]	 	[*****]	 	5,390	 	[*****]	 	[*****]	 	[*****]	 	5,390	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1447	 	1447 FT WORTH	 	5.00	 	[*****]	 	4,387	 	[*****]	 	[*****]	 		 	4,387	 	[*****]	 	[*****]	 	[*****]	 	4,387	 	[*****]	 	[*****]	 	[*****]	 	4,387	 	[*****]	 	[*****]	 	[*****]	 	4,387	 	[*****]	 	[*****]	 	[*****]	 	4,387	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1450	 	1450 ROSEVILLE	 	5.00	 	[*****]	 	10,019	 	[*****]	 	[*****]	 		 	10,019	 	[*****]	 	[*****]	 	[*****]	 	10,019	 	[*****]	 	[*****]	 	[*****]	 	10,019	 	[*****]	 	[*****]	 	[*****]	 	10,019	 	[*****]	 	[*****]	 	[*****]	 	10,019	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1454	 	1454 BENSALEM/ CORNWELLS HTS	 	6.00	 	[*****]	 	7,123	 	[*****]	 	[*****]	 		 	7,123	 	[*****]	 	[*****]	 	[*****]	 	7,123	 	[*****]	 	[*****]	 	[*****]	 	7,123	 	[*****]	 	[*****]	 	[*****]	 	7,123	 	[*****]	 	[*****]	 	[*****]	 	7,123	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1455	 	1455 WILMINGTON	 	5.00	 	[*****]	 	5,047	 	[*****]	 	[*****]	 	min rent	 	5,047	 	[*****]	 	[*****]	 	[*****]	 	5,047	 	[*****]	 	[*****]	 	[*****]	 	5,047	 	[*****]	 	[*****]	 	[*****]	 	5,047	 	[*****]	 	[*****]	 	[*****]	 	5,047	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1460	 	1460 LIVONIA	 	6.00	 	[*****]	 	5,116	 	[*****]	 	[*****]	 	min rent	 	5,116	 	[*****]	 	[*****]	 	[*****]	 	5,116	 	[*****]	 	[*****]	 	[*****]	 	5,116	 	[*****]	 	[*****]	 	[*****]	 	5,116	 	[*****]	 	[*****]	 	[*****]	 	5,116	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1464	 	1464 DEPTFORD	 	5.00	 	[*****]	 	7,995	 	[*****]	 	[*****]	 		 	7,995	 	[*****]	 	[*****]	 	[*****]	 	7,995	 	[*****]	 	[*****]	 	[*****]	 	7,995	 	[*****]	 	[*****]	 	[*****]	 	7,995	 	[*****]	 	[*****]	 	[*****]	 	7,995	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1468	 	1468 CUPERTINO	 	4.00	 	[*****]	 	6,483	 	[*****]	 	[*****]	 		 	6,483	 	[*****]	 	[*****]	 	[*****]	 	6,483	 	[*****]	 	[*****]	 	[*****]	 	6,483	 	[*****]	 	[*****]	 	[*****]	 	6,483	 	[*****]	 	[*****]	 	[*****]	 	6,483	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1475	 	1475 DURHAM	 	6.00	 	[*****]	 	7,596	 	[*****]	 	[*****]	 		 	7,596	 	[*****]	 	[*****]	 	[*****]	 	7,596	 	[*****]	 	[*****]	 	[*****]	 	7,596	 	[*****]	 	[*****]	 	[*****]	 	7,596	 	[*****]	 	[*****]	 	[*****]	 	7,596	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1478	 	1478 SAN BRUNO	 	5.00	 	[*****]	 	8,698	 	[*****]	 	[*****]	 		 	8,698	 	[*****]	 	[*****]	 	[*****]	 	8,698	 	[*****]	 	[*****]	 	[*****]	 	8,698	 	[*****]	 	[*****]	 	[*****]	 	8,698	 	[*****]	 	[*****]	 	[*****]	 	8,698	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1488	 	1488 SAN JOSE EASTRIDGE	 	1.00	 	[*****]	 	1,009	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1490	 	1490 TROY	 	5.00	 	[*****]	 	9,074	 	[*****]	 	[*****]	 		 	9,074	 	[*****]	 	[*****]	 	[*****]	 	9,074	 	[*****]	 	[*****]	 	[*****]	 	9,074	 	[*****]	 	[*****]	 	[*****]	 	9,074	 	[*****]	 	[*****]	 	[*****]	 	9,074	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1504	 	1504 WILLIAMSVILLE/ BUFFALO	 	4.00	 	[*****]	 	6,946	 	[*****]	 	[*****]	 		 	6,946	 	[*****]	 	[*****]	 	[*****]	 	6,946	 	[*****]	 	[*****]	 	[*****]	 	6,946	 	[*****]	 	[*****]	 	[*****]	 	6,946	 	[*****]	 	[*****]	 	[*****]	 	6,946	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018









																																																									
	 Store
Num
	 	 Store Name
	 	 Lease
Term
	 	 Lease
Factor
	 	 FY2014
Begin
Sq Ft
	 	 Yr 1
Rent
PSF
	 	 Yr 1
Rent
	 	 Downsize/

Closure?
	 	 FY2015
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 2
Rent
PSF
	 	 Yr 2
Rent
	 	 FY2016
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 3
Rent
PSF
	 	 Yr 3
Rent
	 	 FY2017
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 4
Rent
PSF
	 	 Yr 4
Rent
	 	 FY2018
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 5
Rent
PSF
	 	 Yr 5
Rent
	 	 FY2019
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 6
Rent
PSF
	 	 Yr 6
Rent
	 	 Expiration
Date

	1518	 	1518 CERRITOS	 	1.00	 	[*****]	 	1,754	 	[*****]	 	[*****]	 	small store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1520	 	1520 AKRON CHAPEL HILL	 	6.00	 	[*****]	 	7,495	 	[*****]	 	[*****]	 		 	7,495	 	[*****]	 	[*****]	 	[*****]	 	7,495	 	[*****]	 	[*****]	 	[*****]	 	7,495	 	[*****]	 	[*****]	 	[*****]	 	7,495	 	[*****]	 	[*****]	 	[*****]	 	7,495	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1535	 	1535 PLANTATION	 	1.00	 	[*****]	 	1,423	 	[*****]	 	[*****]	 	small store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1538	 	1538 CITRUS HTS SUNRISE	 	6.00	 	[*****]	 	8,827	 	[*****]	 	[*****]	 		 	8,827	 	[*****]	 	[*****]	 	[*****]	 	8,827	 	[*****]	 	[*****]	 	[*****]	 	8,827	 	[*****]	 	[*****]	 	[*****]	 	8,827	 	[*****]	 	[*****]	 	[*****]	 	8,827	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1560	 	1560 DAYTON DAYTON MALL	 	6.00	 	[*****]	 	8,969	 	[*****]	 	[*****]	 		 	8,969	 	[*****]	 	[*****]	 	[*****]	 	8,969	 	[*****]	 	[*****]	 	[*****]	 	8,969	 	[*****]	 	[*****]	 	[*****]	 	8,969	 	[*****]	 	[*****]	 	[*****]	 	8,969	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1570	 	1570 SCHAUMBURG	 	6.00	 	[*****]	 	6,552	 	[*****]	 	[*****]	 	min rent	 	6,552	 	[*****]	 	[*****]	 	[*****]	 	6,552	 	[*****]	 	[*****]	 	[*****]	 	6,552	 	[*****]	 	[*****]	 	[*****]	 	6,552	 	[*****]	 	[*****]	 	[*****]	 	6,552	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1574	 	1574 MIDDLETOWN	 	6.00	 	[*****]	 	8,471	 	[*****]	 	[*****]	 		 	8,471	 	[*****]	 	[*****]	 	[*****]	 	8,471	 	[*****]	 	[*****]	 	[*****]	 	8,471	 	[*****]	 	[*****]	 	[*****]	 	8,471	 	[*****]	 	[*****]	 	[*****]	 	8,471	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1584	 	1584 VICTOR	 	6.00	 	[*****]	 	7,688	 	[*****]	 	[*****]	 		 	7,688	 	[*****]	 	[*****]	 	[*****]	 	7,688	 	[*****]	 	[*****]	 	[*****]	 	7,688	 	[*****]	 	[*****]	 	[*****]	 	7,688	 	[*****]	 	[*****]	 	[*****]	 	7,688	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1595	 	1595 GREENVILLE	 	5.00	 	[*****]	 	5,742	 	[*****]	 	[*****]	 		 	5,742	 	[*****]	 	[*****]	 	[*****]	 	5,742	 	[*****]	 	[*****]	 	[*****]	 	5,742	 	[*****]	 	[*****]	 	[*****]	 	5,742	 	[*****]	 	[*****]	 	[*****]	 	5,742	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1600	 	1600 INDIANAPOLIS CASTLETON SQ	 	6.00	 	[*****]	 	20,227	 	[*****]	 	[*****]	 	downsize	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1605	 	1605 RALEIGH	 	5.00	 	[*****]	 	7,204	 	[*****]	 	[*****]	 		 	7,204	 	[*****]	 	[*****]	 	[*****]	 	7,204	 	[*****]	 	[*****]	 	[*****]	 	7,204	 	[*****]	 	[*****]	 	[*****]	 	7,204	 	[*****]	 	[*****]	 	[*****]	 	7,204	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1610	 	1610 CINCINNATI NORTHGATE	 	5.00	 	[*****]	 	5,933	 	[*****]	 	[*****]	 	min rent	 	5,933	 	[*****]	 	[*****]	 	[*****]	 	5,933	 	[*****]	 	[*****]	 	[*****]	 	5,933	 	[*****]	 	[*****]	 	[*****]	 	5,933	 	[*****]	 	[*****]	 	[*****]	 	5,933	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1614	 	1614 LIVINGSTON	 	5.00	 	[*****]	 	8,270	 	[*****]	 	[*****]	 		 	8,270	 	[*****]	 	[*****]	 	[*****]	 	8,270	 	[*****]	 	[*****]	 	[*****]	 	8,270	 	[*****]	 	[*****]	 	[*****]	 	8,270	 	[*****]	 	[*****]	 	[*****]	 	8,270	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1615	 	1615 CHESAPEAKE/GREENBRIER	 	1.00	 	[*****]	 	1,012	 	[*****]	 	[*****]	 	small store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1620	 	1620 VERNON HILLS	 	5.00	 	[*****]	 	7,853	 	[*****]	 	[*****]	 		 	7,853	 	[*****]	 	[*****]	 	[*****]	 	7,853	 	[*****]	 	[*****]	 	[*****]	 	7,853	 	[*****]	 	[*****]	 	[*****]	 	7,853	 	[*****]	 	[*****]	 	[*****]	 	7,853	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1623	 	1623 CLAY (SYRACUSE)	 	6.00	 	[*****]	 	8,542	 	[*****]	 	[*****]	 		 	8,542	 	[*****]	 	[*****]	 	[*****]	 	8,542	 	[*****]	 	[*****]	 	[*****]	 	8,542	 	[*****]	 	[*****]	 	[*****]	 	8,542	 	[*****]	 	[*****]	 	[*****]	 	8,542	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1624	 	1624 STATEN ISLAND	 	4.00	 	[*****]	 	8,821	 	[*****]	 	[*****]	 		 	8,821	 	[*****]	 	[*****]	 	[*****]	 	8,821	 	[*****]	 	[*****]	 	[*****]	 	8,821	 	[*****]	 	[*****]	 	[*****]	 	8,821	 	[*****]	 	[*****]	 	[*****]	 	8,821	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1625	 	1625 SARASOTA	 	5.00	 	[*****]	 	7,975	 	[*****]	 	[*****]	 	min rent	 	7,975	 	[*****]	 	[*****]	 	[*****]	 	7,975	 	[*****]	 	[*****]	 	[*****]	 	7,975	 	[*****]	 	[*****]	 	[*****]	 	7,975	 	[*****]	 	[*****]	 	[*****]	 	7,975	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1638	 	1638 BREA	 	4.00	 	[*****]	 	5,000	 	[*****]	 	[*****]	 	min rent	 	5,000	 	[*****]	 	[*****]	 	[*****]	 	5,000	 	[*****]	 	[*****]	 	[*****]	 	5,000	 	[*****]	 	[*****]	 	[*****]	 	5,000	 	[*****]	 	[*****]	 	[*****]	 	5,000	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1645	 	1645 BOCA RATON	 	5.00	 	[*****]	 	6,696	 	[*****]	 	[*****]	 		 	6,696	 	[*****]	 	[*****]	 	[*****]	 	6,696	 	[*****]	 	[*****]	 	[*****]	 	6,696	 	[*****]	 	[*****]	 	[*****]	 	6,696	 	[*****]	 	[*****]	 	[*****]	 	6,696	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1648	 	1648 SAN DIEGO NORTH	 	4.00	 	[*****]	 	9,818	 	[*****]	 	[*****]	 		 	9,818	 	[*****]	 	[*****]	 	[*****]	 	9,818	 	[*****]	 	[*****]	 	[*****]	 	9,818	 	[*****]	 	[*****]	 	[*****]	 	9,818	 	[*****]	 	[*****]	 	[*****]	 	9,818	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1658	 	1658 SANTA ROSA	 	6.00	 	[*****]	 	3,871	 	[*****]	 	[*****]	 		 	3,871	 	[*****]	 	[*****]	 	[*****]	 	3,871	 	[*****]	 	[*****]	 	[*****]	 	3,871	 	[*****]	 	[*****]	 	[*****]	 	3,871	 	[*****]	 	[*****]	 	[*****]	 	3,871	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1660	 	1660 AURORA	 	4.00	 	[*****]	 	8,771	 	[*****]	 	[*****]	 	min rent	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	8,771	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1664	 	1664 PARAMUS	 	4.00	 	[*****]	 	17,910	 	[*****]	 	[*****]	 	downsize	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1685	 	1685 DULUTH	 	5.00	 	[*****]	 	6,545	 	[*****]	 	[*****]	 	min rent	 	6,545	 	[*****]	 	[*****]	 	[*****]	 	6,545	 	[*****]	 	[*****]	 	[*****]	 	6,545	 	[*****]	 	[*****]	 	[*****]	 	6,545	 	[*****]	 	[*****]	 	[*****]	 	6,545	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1690	 	1690 CHESTERFIELD	 	6.00	 	[*****]	 	8,489	 	[*****]	 	[*****]	 		 	8,489	 	[*****]	 	[*****]	 	[*****]	 	8,489	 	[*****]	 	[*****]	 	[*****]	 	8,489	 	[*****]	 	[*****]	 	[*****]	 	8,489	 	[*****]	 	[*****]	 	[*****]	 	8,489	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1710	 	1710 NO OLMSTED	 	6.00	 	[*****]	 	8,789	 	[*****]	 	[*****]	 		 	8,789	 	[*****]	 	[*****]	 	[*****]	 	8,789	 	[*****]	 	[*****]	 	[*****]	 	8,789	 	[*****]	 	[*****]	 	[*****]	 	8,789	 	[*****]	 	[*****]	 	[*****]	 	8,789	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1715	 	1715 MIAMI	 	1.00	 	[*****]	 	1,270	 	[*****]	 	[*****]	 	small store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	1720	 	1720 STERLING HTS	 	5.00	 	[*****]	 	8,167	 	[*****]	 	[*****]	 	min rent	 	8,167	 	[*****]	 	[*****]	 	[*****]	 	8,167	 	[*****]	 	[*****]	 	[*****]	 	8,167	 	[*****]	 	[*****]	 	[*****]	 	8,167	 	[*****]	 	[*****]	 	[*****]	 	8,167	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1730	 	1730 FLORENCE	 	5.00	 	[*****]	 	6,338	 	[*****]	 	[*****]	 		 	6,338	 	[*****]	 	[*****]	 	[*****]	 	6,338	 	[*****]	 	[*****]	 	[*****]	 	6,338	 	[*****]	 	[*****]	 	[*****]	 	6,338	 	[*****]	 	[*****]	 	[*****]	 	6,338	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1734	 	1734 LAWRENCEVILLE	 	6.00	 	[*****]	 	10,295	 	[*****]	 	[*****]	 		 	10,295	 	[*****]	 	[*****]	 	[*****]	 	10,295	 	[*****]	 	[*****]	 	[*****]	 	10,295	 	[*****]	 	[*****]	 	[*****]	 	10,295	 	[*****]	 	[*****]	 	[*****]	 	10,295	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1744	 	1744 OCEAN	 	5.00	 	[*****]	 	8,224	 	[*****]	 	[*****]	 		 	8,224	 	[*****]	 	[*****]	 	[*****]	 	8,224	 	[*****]	 	[*****]	 	[*****]	 	8,224	 	[*****]	 	[*****]	 	[*****]	 	8,224	 	[*****]	 	[*****]	 	[*****]	 	8,224	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1750	 	1750 ORLAND PARK	 	6.00	 	[*****]	 	7,154	 	[*****]	 	[*****]	 		 	7,154	 	[*****]	 	[*****]	 	[*****]	 	7,154	 	[*****]	 	[*****]	 	[*****]	 	7,154	 	[*****]	 	[*****]	 	[*****]	 	7,154	 	[*****]	 	[*****]	 	[*****]	 	7,154	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1754	 	1754 GAITHERSBURG	 	6.00	 	[*****]	 	8,839	 	[*****]	 	[*****]	 		 	8,839	 	[*****]	 	[*****]	 	[*****]	 	8,839	 	[*****]	 	[*****]	 	[*****]	 	8,839	 	[*****]	 	[*****]	 	[*****]	 	8,839	 	[*****]	 	[*****]	 	[*****]	 	8,839	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1760	 	1760 NOVI	 	4.00	 	[*****]	 	8,769	 	[*****]	 	[*****]	 		 	8,769	 	[*****]	 	[*****]	 	[*****]	 	8,769	 	[*****]	 	[*****]	 	[*****]	 	8,769	 	[*****]	 	[*****]	 	[*****]	 	8,769	 	[*****]	 	[*****]	 	[*****]	 	8,769	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1764	 	1764 ROCKAWAY	 	4.00	 	[*****]	 	8,188	 	[*****]	 	[*****]	 		 	8,188	 	[*****]	 	[*****]	 	[*****]	 	8,188	 	[*****]	 	[*****]	 	[*****]	 	8,188	 	[*****]	 	[*****]	 	[*****]	 	8,188	 	[*****]	 	[*****]	 	[*****]	 	8,188	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1794	 	1794 EAST NORTHPORT	 	4.00	 	[*****]	 	8,350	 	[*****]	 	[*****]	 		 	8,350	 	[*****]	 	[*****]	 	[*****]	 	8,350	 	[*****]	 	[*****]	 	[*****]	 	8,350	 	[*****]	 	[*****]	 	[*****]	 	8,350	 	[*****]	 	[*****]	 	[*****]	 	8,350	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1800	 	1800 MISHAWAKA	 	6.00	 	[*****]	 	5,927	 	[*****]	 	[*****]	 		 	5,927	 	[*****]	 	[*****]	 	[*****]	 	5,927	 	[*****]	 	[*****]	 	[*****]	 	5,927	 	[*****]	 	[*****]	 	[*****]	 	5,927	 	[*****]	 	[*****]	 	[*****]	 	5,927	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019









																																																									
	 Store
Num
	 	 Store Name
	 	 Lease
Term
	 	 Lease
Factor
	 	 FY2014
Begin
Sq Ft
	 	 Yr 1
Rent
PSF
	 	 Yr 1
Rent
	 	 Downsize/

Closure?
	 	 FY2015
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 2
Rent
PSF
	 	 Yr 2
Rent
	 	 FY2016
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 3
Rent
PSF
	 	 Yr 3
Rent
	 	 FY2017
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 4
Rent
PSF
	 	 Yr 4
Rent
	 	 FY2018
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 5
Rent
PSF
	 	 Yr 5
Rent
	 	 FY2019
Begin
Sq Ft
	 	 Lease
Factor
	 	 Yr 6
Rent
PSF
	 	 Yr 6
Rent
	 	 Expiration
Date

	1804	 	1804 BARBOURSVILLE	 	5.00	 	[*****]	 	8,441	 	[*****]	 	[*****]	 		 	8,441	 	[*****]	 	[*****]	 	[*****]	 	8,441	 	[*****]	 	[*****]	 	[*****]	 	8,441	 	[*****]	 	[*****]	 	[*****]	 	8,441	 	[*****]	 	[*****]	 	[*****]	 	8,441	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1805	 	1805 RALEIGH	 	5.00	 	[*****]	 	7,318	 	[*****]	 	[*****]	 		 	7,318	 	[*****]	 	[*****]	 	[*****]	 	7,318	 	[*****]	 	[*****]	 	[*****]	 	7,318	 	[*****]	 	[*****]	 	[*****]	 	7,318	 	[*****]	 	[*****]	 	[*****]	 	7,318	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1810	 	1810 CINCINNATI	 	6.00	 	[*****]	 	8,305	 	[*****]	 	[*****]	 		 	8,305	 	[*****]	 	[*****]	 	[*****]	 	8,305	 	[*****]	 	[*****]	 	[*****]	 	8,305	 	[*****]	 	[*****]	 	[*****]	 	8,305	 	[*****]	 	[*****]	 	[*****]	 	8,305	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1814	 	1814 FAIRFAX	 	4.00	 	[*****]	 	11,668	 	[*****]	 	[*****]	 		 	11,668	 	[*****]	 	[*****]	 	[*****]	 	11,668	 	[*****]	 	[*****]	 	[*****]	 	11,668	 	[*****]	 	[*****]	 	[*****]	 	11,668	 	[*****]	 	[*****]	 	[*****]	 	11,668	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1830	 	1830 FT WAYNE	 	6.00	 	[*****]	 	6,455	 	[*****]	 	[*****]	 		 	6,455	 	[*****]	 	[*****]	 	[*****]	 	6,455	 	[*****]	 	[*****]	 	[*****]	 	6,455	 	[*****]	 	[*****]	 	[*****]	 	6,455	 	[*****]	 	[*****]	 	[*****]	 	6,455	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1844	 	1844 COLUMBIA	 	4.00	 	[*****]	 	7,098	 	[*****]	 	[*****]	 		 	7,098	 	[*****]	 	[*****]	 	[*****]	 	7,098	 	[*****]	 	[*****]	 	[*****]	 	7,098	 	[*****]	 	[*****]	 	[*****]	 	7,098	 	[*****]	 	[*****]	 	[*****]	 	7,098	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1853	 	1853 WILMINGTON	 	4.00	 	[*****]	 	8,415	 	[*****]	 	[*****]	 		 	8,415	 	[*****]	 	[*****]	 	[*****]	 	8,415	 	[*****]	 	[*****]	 	[*****]	 	8,415	 	[*****]	 	[*****]	 	[*****]	 	8,415	 	[*****]	 	[*****]	 	[*****]	 	8,415	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1854	 	1854 PARKVILLE	 	6.00	 	[*****]	 	7,928	 	[*****]	 	[*****]	 		 	7,928	 	[*****]	 	[*****]	 	[*****]	 	7,928	 	[*****]	 	[*****]	 	[*****]	 	7,928	 	[*****]	 	[*****]	 	[*****]	 	7,928	 	[*****]	 	[*****]	 	[*****]	 	7,928	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	1864	 	1864 COCKEYSVILLE	 	4.00	 	[*****]	 	18,467	 	[*****]	 	[*****]	 	downsize	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	15,000	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1888	 	1888 WEST JORDAN	 	4.00	 	[*****]	 	4,333	 	[*****]	 	[*****]	 	min rent	 	4,333	 	[*****]	 	[*****]	 	[*****]	 	4,333	 	[*****]	 	[*****]	 	[*****]	 	4,333	 	[*****]	 	[*****]	 	[*****]	 	4,333	 	[*****]	 	[*****]	 	[*****]	 	4,333	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	1944	 	1944 YORKTOWN HEIGHTS	 	4.00	 	[*****]	 	6,334	 	[*****]	 	[*****]	 		 	6,334	 	[*****]	 	[*****]	 	[*****]	 	6,334	 	[*****]	 	[*****]	 	[*****]	 	6,334	 	[*****]	 	[*****]	 	[*****]	 	6,334	 	[*****]	 	[*****]	 	[*****]	 	6,334	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	2092	 	2092 APPLETON	 	6.00	 	[*****]	 	5,792	 	[*****]	 	[*****]	 		 	5,792	 	[*****]	 	[*****]	 	[*****]	 	5,792	 	[*****]	 	[*****]	 	[*****]	 	5,792	 	[*****]	 	[*****]	 	[*****]	 	5,792	 	[*****]	 	[*****]	 	[*****]	 	5,792	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2183	 	2183 SO PORTLAND	 	5.00	 	[*****]	 	5,564	 	[*****]	 	[*****]	 		 	5,564	 	[*****]	 	[*****]	 	[*****]	 	5,564	 	[*****]	 	[*****]	 	[*****]	 	5,564	 	[*****]	 	[*****]	 	[*****]	 	5,564	 	[*****]	 	[*****]	 	[*****]	 	5,564	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2212	 	2212 CEDAR RAPIDS	 	6.00	 	[*****]	 	4,876	 	[*****]	 	[*****]	 		 	4,876	 	[*****]	 	[*****]	 	[*****]	 	4,876	 	[*****]	 	[*****]	 	[*****]	 	4,876	 	[*****]	 	[*****]	 	[*****]	 	4,876	 	[*****]	 	[*****]	 	[*****]	 	4,876	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2219	 	2219 LACEY/OLYMPIA	 	1.00	 	[*****]	 	1,136	 	[*****]	 	[*****]	 	small
store
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015
	2239	 	2239 VANCOUVER	 	5.00	 	[*****]	 	4,750	 	[*****]	 	[*****]	 		 	4,750	 	[*****]	 	[*****]	 	[*****]	 	4,750	 	[*****]	 	[*****]	 	[*****]	 	4,750	 	[*****]	 	[*****]	 	[*****]	 	4,750	 	[*****]	 	[*****]	 	[*****]	 	4,750	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2250	 	2250 CRYSTAL LAKE	 	6.00	 	[*****]	 	7,155	 	[*****]	 	[*****]	 		 	7,155	 	[*****]	 	[*****]	 	[*****]	 	7,155	 	[*****]	 	[*****]	 	[*****]	 	7,155	 	[*****]	 	[*****]	 	[*****]	 	7,155	 	[*****]	 	[*****]	 	[*****]	 	7,155	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2271	 	2271 FT COLLINS	 	0.50	 	[*****]	 	5,904	 	[*****]	 	[*****]	 		 	5,904	 	[*****]	 	[*****]	 	[*****]	 	5,904	 	[*****]	 	[*****]	 	[*****]	 	5,904	 	[*****]	 	[*****]	 	[*****]	 	5,904	 	[*****]	 	[*****]	 	[*****]	 	5,904	 	[*****]	 	[*****]	 	[*****]	 	8/1/2014
	2308	 	2308 SANTA CRUZ	 	5.00	 	[*****]	 	5,709	 	[*****]	 	[*****]	 		 	5,709	 	[*****]	 	[*****]	 	[*****]	 	5,709	 	[*****]	 	[*****]	 	[*****]	 	5,709	 	[*****]	 	[*****]	 	[*****]	 	5,709	 	[*****]	 	[*****]	 	[*****]	 	5,709	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2309	 	2309 SILVERDALE	 	5.00	 	[*****]	 	4,226	 	[*****]	 	[*****]	 		 	4,226	 	[*****]	 	[*****]	 	[*****]	 	4,226	 	[*****]	 	[*****]	 	[*****]	 	4,226	 	[*****]	 	[*****]	 	[*****]	 	4,226	 	[*****]	 	[*****]	 	[*****]	 	4,226	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2382	 	2382 MADISON WEST	 	6.00	 	[*****]	 	8,062	 	[*****]	 	[*****]	 		 	8,062	 	[*****]	 	[*****]	 	[*****]	 	8,062	 	[*****]	 	[*****]	 	[*****]	 	8,062	 	[*****]	 	[*****]	 	[*****]	 	8,062	 	[*****]	 	[*****]	 	[*****]	 	8,062	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2443	 	2443 MANCHESTER	 	5.00	 	[*****]	 	8,961	 	[*****]	 	[*****]	 		 	8,961	 	[*****]	 	[*****]	 	[*****]	 	8,961	 	[*****]	 	[*****]	 	[*****]	 	8,961	 	[*****]	 	[*****]	 	[*****]	 	8,961	 	[*****]	 	[*****]	 	[*****]	 	8,961	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2514	 	2514 WARRENTON	 	4.00	 	[*****]	 	7,130	 	[*****]	 	[*****]	 		 	7,130	 	[*****]	 	[*****]	 	[*****]	 	7,130	 	[*****]	 	[*****]	 	[*****]	 	7,130	 	[*****]	 	[*****]	 	[*****]	 	7,130	 	[*****]	 	[*****]	 	[*****]	 	7,130	 	[*****]	 	[*****]	 	[*****]	 	1/31/2018
	2663	 	2663 NEWINGTON/PORTSMOUTH	 	5.00	 	[*****]	 	6,938	 	[*****]	 	[*****]	 		 	6,938	 	[*****]	 	[*****]	 	[*****]	 	6,938	 	[*****]	 	[*****]	 	[*****]	 	6,938	 	[*****]	 	[*****]	 	[*****]	 	6,938	 	[*****]	 	[*****]	 	[*****]	 	6,938	 	[*****]	 	[*****]	 	[*****]	 	1/31/2019
	2934	 	2934 TAUNTON	 	1.00	 	[*****]	 	4,806	 	[*****]	 	[*****]	 	neg
EBITDA
closure	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	0	 	[*****]	 	[*****]	 	[*****]	 	1/31/2015








 ANNEX B 

PERCENTAGE RENT 
 Commencing on
February 1, 2016, with respect to the Leased Premises listed below (the “Contingent Rent Locations”), Tenant shall pay as Rent the greater of (i) the Rent set forth on Annex A or (ii) seven and one-half percent
(7.5%) of Tenant’s Gross Sales for each applicable location as described on this Annex B. With respect to each Contingent Rent Location, Tenant shall pay to Landlord each month throughout the Term the Rent set forth on Annex
A, subject to reconciliation as set forth below. 
 Contingent Rent Locations: 

1179 CANOGA PK/TOPANGA PLZ 
 1051 STRONGSVILLE 

1119 PORTLAND 
 1146 CORDOVA/MEMPHIS/GERMANTWN 

1159 FAIRFIELD 
 1225 ORLANDO COLONIAL 

1297 HURST 
 1638 BREA 

1660 AURORA 
 1888 WEST JORDAN 

1156 ROSEVILLE 
 1224 HARRISBURG 

1263 WATERBURY 
 1290 NILES 

1438 EL CAJON 
 1455 WILMINGTON 

1610 CINCINNATI NORTHAGE 
 1625 SARASOTA 

1685 DULUTH 
 1720 STERLING HTS 

1192 MUSKEGON 
 1460 LIVONIA 

1570 SCHAUMBURG 
 With respect to each Contingent Rent Location,
the term “Gross Sales”, shall mean all cash, check, charge account or credit sales of Tenant’s merchandise (excluding sales of gift cards until time of redemption) made in or from the applicable Leased Premises, and sales or
service by any sublessee, assignee, concessionaire or licensee in such Leased 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 Tenant, if any, where such exchanges of goods or merchandise are made solely for the convenient operation of the business of Tenant and not for the purpose of consummating a sale which has theretofore been made at, in, from or upon the
applicable Leased Premises, and/or for the purpose of depriving Landlord of the benefit of a sale which otherwise would be made at, in, from or upon such Leased 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 Tenant, (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 Leased Premises. 







 Within thirty (30) days after the close of each fiscal year, Tenant shall, for each Contingent Rent
Location, deliver to Landlord 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 Tenant as being true, complete and correct. For any Contingent Rent
Location at which the calculation of 7.5% of Tenant’s Gross Sales (the “Percentage Rent Payment”) is greater than the amount of Rent which was paid for such location pursuant to Annex A, Tenant’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. 

  
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