Exhibit 10.1


 


	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260





 


Binding
Letter of Intent


 


Between:


Chino
Valley Properties, LLC


(“Landlord”)


 


And:


C3C3
Group, LLC (“Tenant”)


 


And:


Broken
Arrow Herbal Center, Inc.


(“Medical
Marijuana License Holder”)


 


RE:
       2144 N. Road 1 East


              Chino Valley, AZ 83462


 


WHEREAS,
it is the intent of the parties to enter into this binding Letter of Intent (this “LOI”), which outlines the essential
material terms for the execution of an Amendment to the existing Commercial Lease Agreement (the “Lease” or “Lease
Agreement”), dated August 6, 2015, for the expansion in leased space from approximately 15,000 rentable square feet to 45,000
rentable square feet to Tenant at the Chino Valley Cultivation Facility located at 2144 N. Road 1 East, Chino Valley, Arizona
83462.


 


	Facility
    and Building:	Exhibit
    A – Property Site and Description.
	 	 
	Premises:	Pursuant
    to this LOI and the Lease, Landlord shall lease to Tenant, and Tenant shall lease from Landlord, approximately 45,000 square
    feet of space at the Property, as identified on Exhibit B attached to this LOI, provided that Landlord may change
    the phasing, location, dimensions and configuration of the Premises so long as the Premises shall contain approximately 45,000
    square feet of space at the Property.  
	 	 
	Lease:	Subject
    to the terms of this LOI, including the contingencies described below, Landlord and Tenant shall execute and deliver Landlord’s
    form of Amendment to the existing Lease Agreement, consistent with the terms of this LOI, including, without limitation, the
    terms set forth on Exhibit C attached to this LOI, no later than the date that is ten (10) business days after
    Landlord delivers to Tenant Landlord’s form of Amendment to the Lease Agreement. 


  


	Tenant
    Improvements:	Subject
    to force majeure events, including events, conditions, and occurrences that are outside of Landlord’s reasonable control
    that prevent or delay Landlord from performing its obligations, including requirements of, and approval from, governmental
    authorities and acts of God (collectively, “Force Majeure Events”), Landlord shall use commercially reasonable
    efforts to construct certain tenant improvements in the Premises for Tenant’s use in accordance with the permitted use
    set forth below.  Landlord shall prepare plans, drawings and specifications for Landlord’s construction of
    the tenant improvements for Tenant’s review and reasonable comments, provided that Tenant’s comments do not result
    in any delay in Landlord’s construction of the tenant improvements or increase in the costs of such construction.  Any
    comments to Landlord’s plans, specifications and drawings shall be submitted to Landlord no later than five (5) business
    days after Tenant’s receipt of such plans, specifications and drawings.  Landlord shall control all aspects
    of the design, preparation and construction of the tenant improvements.  



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	Budget	$2,000,000
    total Landlord budget for developing the Premises and constructing the tenant improvements outlined in Exhibit B.
    
	 	 
	Rent:	Exhibit
    D – Rental Schedule, provided that in the event that Landlord’s total costs (including hard and soft costs,
    professional fees and costs, costs of permits, and all other related costs to be determined by Landlord) to develop the Premises
    and construct the tenant improvements exceeds Landlord’s budget, the annual and monthly rent amounts in the Rental Schedule
    shall increase to take into consideration such increase in Landlord’s total costs, in which event Landlord shall amend
    the Rental Schedule to reflect the increase in costs and the increase in annual and monthly rent payments under the Lease,
    which shall be binding on Tenant.  In addition to the payment of annual and monthly rent, and additional rent pursuant
    to the Lease, Tenant shall also pay to Landlord all use taxes, sales taxes, transaction privilege taxes, excise taxes, and
    other similar taxes associated with the Lease and Landlord’s receipt of rent payments under the Lease.  All
    payments to be made by Tenant to Landlord under the Lease shall be made in such form as is acceptable to Landlord, and Landlord
    shall not be obligated to accept any payments in cash.  
	 	 
	Rent
    Commencement:	Tenant
    shall pay rent and additional rent to Landlord, in advance, on the first day of each month during the term of the Lease (without
    notice or demand, and without set off, abatement, or defense), commencing on the date that Landlord substantially completes
    construction of the tenant improvements, obtains a certificate of occupancy or certificate of completion, as applicable, and
    delivers possession of the Premises to Tenant.  
	 	 
	Late
    Charge; Interest:	Any
    payment due under the Lease and not received by Landlord on its due date shall bear interest at the rate of 10% per annum,
    until paid in full, and a late charge equal to 8% of such delinquent payment shall be paid by Tenant without notice or demand.  
	 	 
	Contingencies:	This
    LOI and the Amendment to the Lease Agreement shall be contingent upon: (a) Landlord obtaining financing for the development
    of the Premises and the construction of the tenant improvements in such amount and on such terms and provisions as are acceptable
    to Landlord in its sole and absolute discretion from a lender approved by Landlord in its sole discretion, and (b) Approval
    by the Town of Chino Valley of the Phased Protected Development Rights Plan (the “PPDRP”) submitted by the Landlord
    on behalf of the Tenant on January 25, 2016 and attached as Exhibit E. In the event that the contingencies have
    not been satisfied on or before the date that is ninety (90) days after the date that Landlord signs this LOI, this LOI shall
    terminate, and all of the Deposit (as that term is defined below), except for $100.00, shall be returned to Tenant.  



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	Tenant
    Use:	Tenant
    may use the Premises for Licensed Medical Marijuana
    Cultivation and Processing in strict accordance with the laws of the State of Arizona and applicable licensure requirements,
    including the ATO.  Tenant may not use the Premises for any other purpose, including for any retail uses.  
	 	 
	Authority
    to Operate:	Tenant
    and Guarantor(s) each represents and warrants to Landlord that Tenant has the ability to obtain an Authority to Operate (ATO)
    from the State of Arizona for the cultivation of Marijuana, and such ATO will be in full force and effect, and no violation
    will exist under applicable laws with regards to such ATO throughout the term of the operating facility under the Lease.  Tenant
    and Guarantor(s) each agree that such ATO shall remain in full force and effect during the term of the Lease, including any
    extension thereof. Tenant and Medical Marijuana License Holder agree to provide Landlord with a copy of any reports filed
    with the State of Arizona in connection with the conduct of Tenant’s business activities and or a copy of the ATO Certificate,
    together with any correspondence or communications by or between Tenant, and or Medical Marijuana License Holder and or the
    State of Arizona with respect thereto, including any violations or alleged violations of applicable law or the ATO, promptly
    upon filing such reports or giving or receiving such correspondence or communications.  
	 	 
	Guarantor(s):	Alan Abrams, a
    single man, his heirs, personal representatives, successors and assigns.
	 	 
	Lease Guarantee(s):	Simultaneously
    with Tenant’s execution of the Amendment to the Lease Agreement, Guarantors shall execute and deliver to Landlord a
    Lease Guarantee in Landlord’s form, pursuant to which Guarantors will, jointly and severally, unconditionally guarantee
    payment and performance of all obligations, duties, and liabilities of Tenant under this LOI and the Amendment to the Lease
    Agreement for the duration of that Lease Agreement. The Lease Guarantee shall constitute a guaranty of payment, not a guaranty
    of collection, and shall guaranty the performance of all of Tenant’s obligations and duties under this LOI and the Lease.  Guarantor(s)
    agree, jointly and severally, as follows: (a) The obligations of Guarantors are separate and independent of the obligations
    of Tenant and of every other guarantor, and a separate action or actions may be brought and prosecuted under or pursuant to
    this LOI and or the Lease against any or all of the Guarantor(s) regardless of whether an action is brought against Tenant
    or any other guarantor; (b) Landlord may, without notice, and without affecting Guarantor’s liability, from time to
    time amend, modify, or restate this LOI and or the Lease; (c) each Guarantor unconditionally waives and agrees not to assert:  (i)
    any right to require Landlord to proceed against Tenant, any other guarantor, or pursue any other right or remedy whatsoever;
    (ii) the benefits of the provisions of Arizona Revised Statutes Sections 12-1641 and 12-1642 et seq., and 44-141, 44-142 or
    47-3605, and Rule 17(f) of the Arizona Rules of Civil Procedures, and any and all other laws, rules and statutes of similar
    import, and any other statutes or rules which might operate, contrary to Guarantor's agreements herein, to limit Guarantor's
    liability or enforcement thereof; (iii) any defense arising by reason of any disability or other defense of Tenant or by reason
    of the cessation of, or unenforceability of, the liability of Tenant; (iv) demand, diligence, grace, presentment for payment,
    protest, notice of nonpayment, notice of nonperformance, notice of extension, notice of dishonor, notice of maturity, notice
    of protest and/or default; (v) recourse to any guaranty or suretyship defenses; (vi) notice of acceptance; and (vii) any defenses
    based on breach or alleged breach of any duty of Landlord to mitigate damages; and (d) until all duties and obligations of
    Tenant have been satisfied and performed, Guarantor shall have no right of subrogation and waives any right to enforce any
    remedy which Guarantor now has or may hereafter have against Tenant or any other guarantor.   



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	Licensed Marijuana
    Project 	 
	Compliance
    Agreement:	Tenant acknowledges
    and agrees that attached to Landlord’s form of Lease will be Landlord’s form of Licensed Marijuana Project Compliance
    Agreement, which will form part of the Lease and Tenant’s obligations under the Lease, with which Tenant hereby agrees
    to comply.  
	 	 
	Attorney’s
    Fees and Costs:	Tenant and Guarantor(s)
    agree, jointly and severally, to pay all costs and expenses of Landlord, including reasonable attorneys’ fees and court
    costs, in connection with any action by Landlord to enforce this LOI, the Lease, and/or any Lease Guarantee.  
	 	 
	No
    Brokers:	Landlord
    and Tenant represent and warrant to each other that neither Landlord, nor Tenant, have been, or will be, represented by any
    broker in connection with this LOI or the Lease, and no broker commission or finder’s fee shall be payable as a result
    of the Lease.  
	 	 
	Assignment:	Landlord
    may freely assign, sell, convey, encumber, transfer, and or pledge the Lease and or any of Landlord’s interests therein.  
	 	 
	 	Tenant
    may not assign, sell, convey, encumber, transfer, or pledge the Lease or any of Tenant’s interests therein, and Tenant
    may not sublet or license any portion of the Premises, without the prior written consent and approval of Landlord.  Tenant
    may not change, amend, modify, issue, sell, transfer, convey, encumber, or pledge (or permit to be changed, amended, modified,
    issued, sold, transferred, conveyed, encumbered, or pledged) any ownership, management, or voting right or interest in Tenant,
    by operation of law or otherwise, without the prior written consent and approval of Landlord.  



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	Improvements:	Tenant
    may not make any improvements, alterations, additions, or modifications to the Premises without the prior written consent
    and approval of Landlord.  
	 	 
	Subordination:	The
    Lease and Tenant’s rights under the Lease shall be subject and subordinate to any and all liens, mortgages or deeds
    of trust placed on the Premises by Landlord, now or in the future, unless the holder of such lien, mortgage or deed of trust
    elects to make the Lease senior to such lien, mortgage or deed of trust.  
	 	 
	Insurance:	During
    the term of the Lease, Tenant shall carry and maintain: (a) fire,
    casualty and extended coverage insurance on Tenant’s fixtures, improvements and other property for not less than the
    full replacement value, together with business interruption coverage, as Landlord may reasonably require; (b) commercial liability
    insurance insuring Tenant against any liability arising out of the Lease, use, occupancy or maintenance of the Premises and
    the business operated by Tenant, including that from personal injury or property damage in or about the Premises or as a result
    of the conduct of Tenant’s business activities, insuring Landlord, and any designated mortgagee of Landlord, and Tenant,
    and naming Landlord and any designated mortgagee of Landlord as an additional insured therein, Such insurance shall be in
    the minimum amounts of not less than $3,000,000 per occurrence against liability for bodily injury including death and personal
    injury for any single occurrence and not less than $3,000,000 per occurrence for property damage, and combined single limit
    insurance insuring for bodily injury, death and property damage in an amount of not less than $3,000,000.  The policy
    shall insure the hazards of the Premises and Tenant’s operations therein, shall include independent contractor and contractual
    liability coverage (covering the indemnities contained in the Lease) and shall name Landlord, Landlords managing agent and
    the Landlord’s mortgagee as an additional insured, and contain a cross-liability provision, and contain a provision
    that the insurance provided hereunder shall be primary and non-contributing with any other insurance available to Landlord;
    (c) Workers’ compensation insurance for the benefit of all employees entering upon the Premises as a result of or in
    connection with the employment by Tenant; and (d) such other and additional forms of insurance as may be required by Landlord
    to cover future risks against which Landlord or Tenant would protect themselves.  All policies shall be written
    in a form satisfactory to Landlord and shall be written by insurance companies licensed with a Best’s rating and Financial
    Size Category Rating of “A++” and authorized to do business in the state in which the Building is situated.  Tenant
    shall furnish to Landlord, prior to Tenant’s entry into the Premises and thereafter within thirty (30) days prior to
    the expiration of each such policy (or renewal thereof), a certificate of insurance issued by the insurance carrier of each
    policy of insurance carried by Tenant pursuant hereto, together with a copy of the policy declaration page(s), certifying
    that such policy(ies) has been issued, provides coverage required by this LOI and the Lease (including name of additional
    insured entities) and a statement that no deductible or self-insurance retention applies to such policy and upon request by
    Landlord, a copy of each such policy of insurance.  The Lease shall contain Landlord’s form of waiver of subrogation,
    and additional terms, provisions, waivers, and agreements on the part of Tenant with respect to insurance and insurance related
    matters, but such the additional terms shall not contradict the terms of this LOI in any material
    respect.  



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	Indemnity:	Tenant and Guarantors
    (jointly and severally) shall defend (with legal counsel acceptable to Landlord), indemnify, protect, reimburse, and hold
    harmless the Building, Landlord, and Landlord’s officers, directors, lenders, employees, contractors, representatives,
    agents, successors and assigns, for, from and against any and all claims, losses, damages, demands, fines, penalties, liens,
    actions, suits, obligations, liabilities, judgments, costs and expenses, including reasonable attorneys’ fees and court
    costs, arising from, relating to, associated with, in connection with, or resulting in any way from: (a) Tenant’s use
    or occupancy of the Premises, (b) the conduct of Tenant’s business activities, including, without limitation, business
    activities conducted on or at the Premises, (c) any act or omission of Tenant or any of Tenant’s employees, agents,
    contractors, representatives, invitees, customers, guests, and (d) any breach or default by Tenant under or pursuant to the
    Lease, including any violation of applicable laws.  This indemnity shall survive any termination or expiration of
    this LOI or the Lease.  
	 	 
	Defaults;
    Remedies:	If
    Tenant breaches or defaults under this LOI or the Lease, or fails to perform any of Tenant’s duties or obligations thereunder,
    or files for bankruptcy protection or is adjudged bankrupt, or seeks protection from creditors, Landlord may exercise any
    right and enforce any remedy available to Landlord in contract, at law or in equity, including, without limitation, the right
    to terminate this LOI and the Lease, the right to terminate Tenant’s right of possession of the Premises without terminating
    the Lease, the right to lock Tenant out of the Premises in accordance with applicable laws, the right to sue Tenant and Guarantors
    for losses and damages (including reimbursement of all costs, expenses, fees and charges incurred or paid by Landlord in connection
    with this LOI, the Lease, the development of the Premises, the construction of the tenant improvements, any financing pursued
    or secured by Landlord in connection therewith, and all other costs and expenses relating thereto, together with interest
    thereon at the rate of 10% per annum from the date of demand for payment from Landlord until paid in full, including reasonable
    attorneys’ fees), the right to sue for specific performance, the right to an injunction, the right to apply any deposit
    held by Landlord, the right to perform (or attempt to perform) Tenant’s unperformed obligations, in which event Tenant
    shall immediately, upon receipt of Landlord’s request for payment, reimburse Landlord for all costs and expenses incurred
    by Landlord in performing or attempting to perform Tenant’s unperformed obligations, and Tenant shall also pay to Landlord
    an amount equal to all damages and losses incurred or suffered by Landlord as a result of Tenant’s breach or default,
    including reasonable attorneys’ fees, all without limiting or impairing or waiving any of Landlord’s other rights
    and remedies.  All of Landlord’s rights and remedies shall be cumulative.  The Lease shall contain
    additional provisions regarding Tenant’s breaches and defaults and Landlord’s additional rights and remedies.  
	 	 
	Compliance
    with Laws:	In
    connection with this LOI, the Lease, the Premises, and the conduct of Tenant’s business activities, Tenant shall comply
    in all respects with all applicable federal, state and local laws, statutes, rules, regulations, ordinances, requirements,
    decrees, and orders (including, without limitation, laws regulating the environment and hazardous substances and materials),
    except that so long as Tenant strictly complies with applicable laws of the State of Arizona, Tenant shall not be required
    pursuant to the Lease to comply with federal law that bans the cultivation of medical marijuana.



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	No
    Hazardous Materials:	Tenant
    may not use, generate, store, dispose of, release, or bring onto the Premises (or permit to be used, generated, stored, disposed
    of, released, or brought onto the Premises) any hazardous, flammable  or dangerous substances or materials, or any
    regulated substances or materials (except for marijuana in strict compliance with the laws of the State of Arizona), without
    the prior written consent and approval of Landlord.  
	 	 
	Security
    Deposit:	Upon
    Tenant’s execution of the Amendment to the Lease Agreement and delivery of the same to Landlord, Tenant shall increase
    its Security Deposit equal to the increased rate of one (1) month’s rental payment. The security deposit shall be governed,
    applied, held, replenished, and returned to Tenant in accordance with the terms of the Lease, provided that in no event shall
    Tenant be entitled to receive any interest on the security deposit or prepaid amounts, and Landlord may comingle such security
    deposit and prepaid amounts with Landlord’s general funds.  
	 	 
	Utilities:	All
    utilities and utilities services for the Premises shall be placed and held
    in Tenant’s name and paid for by Tenant.  
	 	 
	Entry:	Landlord
    may enter the Premises at any time, subject to applicable law, to inspect the Premises, to verify Tenant’s compliance
    with the Lease, to perform any of Landlord’s obligations, and to show the Premises.  
	 	 
	Maintenance
    and Repair:	Tenant
    shall maintain, repair and replace all of Tenant’s equipment, personal property, inventory, trade fixtures, and improvements
    in good, safe condition and repair and in accordance with all applicable laws.  Tenant shall regularly inspect,
    maintain, repair and replace, including making capital improvements and capital repairs, the Premises and all aspects, systems,
    parts, and components of the Premises in good, safe working order condition and repair and in accordance with all applicable
    laws. Except in case of an emergency (in which event Tenant shall immediately notify Landlord in writing of such emergency),
    Tenant shall notify Landlord in writing at least 30 days prior to Tenant undertaking any repair or replacement costing in
    excess of $5,000.00 per occurrence, and shall provide Landlord with a reasonably detailed description of the repair or replacement
    to be undertaken by Tenant and the names of Tenant’s contractors (who must be approved in writing in advance by Landlord),
    and any other information regarding such repair or replacement as Landlord may request.  Landlord may require Tenant
    to post a payment and performance bond for any improvements to be made by Tenant and for any repairs or replacements to be
    made by Tenant.  
	 	 
	No
    Liens:	Tenant
    shall at all times keep and maintain the Premises free and clear of any and all liens (including consensual liens), and all
    mechanics’ and materialmens’ liens and notices and claims of liens arising from or relating to any work, repairs
    or replacements made or to be made by Tenant.  



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	Damage
    and Destruction:	Except
    in the event such damage or destruction is caused by Tenant or by Tenant’s employees,
    agents, contractors, representatives, invitees, customers, guests (in which event Tenant shall be responsible for repairing
    and restoring the Premises), and subject to Force Majeure Events, Landlord shall use commercially
    reasonable efforts to repair and restore the Premises in the event of damage or destruction to the Premises following Landlord’s
    receipt of Landlord’s insurance proceeds relating thereto, and only to the extent of such insurance proceeds paid to
    Landlord, less Landlord’s costs in obtaining such insurance proceeds (unless such costs are otherwise reimbursed to
    Landlord).  In no event shall rent or additional rent abate under the Lease as a result of damage or destruction
    to the Premises.  In no event shall Landlord repair or restore any of Tenant’s equipment, personal property,
    inventory, trade fixtures, or improvements.  Tenant shall pay to Landlord, as additional rent, Tenant’s pro-rata
    share of all insurance premiums and costs incurred or paid by Landlord to provide and maintain casualty and liability insurance
    for the Building and surrounding areas, including any deductible amount to be paid by Landlord under such policies.  Landlord
    may terminate the Lease if the Premises or the Building are damaged in any material respect during the last 18 months of the
    term of the Lease.  Tenant waives all rights and benefits under or pursuant to Arizona Revised Statutes Section
    33-343 and other similar rights and statutes.  All other provisions regarding damage and destruction to the Premises
    shall be governed by the terms of the Lease.  
	 	 
	Parking:	Tenant
    may use a pro-rata share of the onsite parking spaces available for the Building, as designated by Landlord, on a non-exclusive
    and unreserved basis, and in accordance with such parking rules and regulations promulgated by Landlord from time to time.  
	 	 
	Estoppel:	Upon
    request by Landlord from time to time, Tenant shall execute an estoppel in Landlord’s form of estoppel certifying to
    certain aspects pertaining to Tenant, the Lease, the Premises and other matters reasonably requested by Landlord.  
	 	 
	Limitation
    on Liability:	Landlord’s
    liability under the Lease shall be limited to Landlord’s interest in the Building and
    the rents and profits therefrom, and Tenant shall look solely to Landlord’s interest in the Building for satisfaction
    of any liability of Landlord in respect to the Lease.  
	 	 
	Surrender:	Upon
    termination or expiration of the Lease, Tenant shall remove all of Tenant’s equipment, personal property, trade fixtures,
    and inventory from the Premises and to repair any damage caused by such removal, and to surrender the Premises to Landlord
    in good, safe working order condition and repair, and in accordance with the other terms of the Lease.  Landlord
    shall have the right to require Tenant to remove any and all of Tenant’s improvements from the Premises and to repair
    any damage caused by such removal. 
	 	 
	Tenant’s
    Cost:	All
    of Tenant’s duties and obligations under this LOI and the Lease shall be performed and satisfied by Tenant at Tenant’s
    sole cost and expense.  
	 	 
	Damages:	In
    no event shall Landlord be liable to Tenant (or be subject to any claim from Tenant) for any damage or destruction to any
    of Tenant’s equipment, personal property, inventory, trade fixtures, or improvements, and Tenant agrees to provide adequate
    insurance coverage for all such matters, items, risks and losses.  
	 	 
	 	In
    no event shall Landlord be liable to Tenant
    or any person claiming through or under Tenant for any consequential, exemplary or punitive damages under or pursuant to the
    Lease.  



 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


	“AS
    IS”	Subject
    to Landlord’s obligation to construct the tenant improvements under the scope of construction agreed to by the Tenant
    and Landlord as part of the Amendment to the Lease Agreement, Landlord shall be leasing the Premises to Tenant, and Tenant
    shall accept the Premises, in “AS IS” condition, with all faults and defects, and without any representation or
    warranty, express or implied, on the part of Landlord or any of Landlord’s agents.  
	 	 
	Time
    is of Essence:	Time
    is of the essence for the performance of Tenant’s duties and obligations under this LOI and the Lease. There shall be
    no waiver by Landlord of any of its rights and remedies, unless agreed to in writing by Landlord. 
	 	 
	Governing
    Law:	This
    LOI and the Lease shall be governed by the laws of the State of Arizona (without regard to conflict of laws).  
	 	 
	Venue
    and Jurisdiction:	Venue
    and exclusive jurisdiction for any action arising out of this LOI and the Lease shall be in Superior Court, Maricopa County,
    Arizona, and Tenant and Guarantor(s) hereby
    waive any and all defenses relating to such jurisdiction and venue.  
	 	 
	Counterparts:	This
    LOI may be executed in any number of counterparts, and all such counterparts shall constitute a single document.  
	 	 
	Landlord’s
    Approval:	Whenever
    and wherever in this LOI or in the Lease that the approval or consent of Landlord is required to be obtained, Landlord’s
    approval or consent may be given, withheld, or conditioned in Landlord’s sole and absolute discretion.  
	 	 
	Drafter:	Tenant
    agrees that no provision contained in this LOI or the Lease shall be constructed against the drafter of this LOI or the Lease.  
	 	 
	Binding
    LOI:	This
    LOI constitutes a binding and valid agreement on the part of Landlord and Tenant.  Landlord and Tenant each agree
    to execute and deliver Landlord’s form of the Lease, consistent with the terms of this LOI, no later than the date that
    is ten (10) business days after Landlord delivers to Tenant Landlord’s form of Lease, subject to the terms of this LOI,
    including the contingencies.  Tenant and Guarantor(s) acknowledge and agree that Landlord’s form of Lease
    and Landlord’s form of Lease Guarantee shall contain additional terms, agreements, covenants, provisions, waivers, representations,
    warranties, and obligations of Tenant and Guarantor(s) in addition to those contained in this LOI, but the additional terms
    shall not contradict the terms of this LOI in any material respect.  
	 	 
	Expiration:	If
    this LOI is not executed by Tenant and Guarantor(s) and delivered to Landlord, together with the Deposit, on or before 5:00
    PM, Arizona Time, on Friday, February 5, 2016, then this LOI shall terminate and expire and be of no further force or effect.


  


 


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Intentionally Left Blank. Signatures on the Following Page.]


 



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	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


IN
WITNESS WHEREOF, THE PARTIES HAVE EXECUTED THIS LOI. 


 


TENANT:


 


C3C3
Group, LLC , an Arizona limited liability
company


 


	By:	/s/
    Alan B. Abrams	 
	Name:
    	Alan
    B. Abrams	 
	Its:
    	Manager	 


 


Date:
2/2/2016              , 2016


 


	GUARANTOR:	 
	 	 
	/s/
    Alan Abrams	 
	Alan
    Abrams, a single man	 


  


	MEDICAL MARIJUANA LICENSE HOLDER:	 
	 	 	 
	Broken Arrow Herbal Center, Inc.	 
	 	 	 
	By:	/s/
    Alan B. Abrams	 
	Name:
    	Alan
    B. Abrams	 
	Its:
    	Chairman	 



 


LANDLORD:

 


CHINO
VALLEY PROPERTIES, LLC.


 


	By:	/s/
    Bryan McLaren	 
	Name:	Bryan
    McLaren	 
	Its:	Authorized
    Agent	 


 


Date:
2/16/16              , 2016


 



    	 	10	 



     


    

 


	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


EXHIBIT
A: PROPERTY SITE AND DESCRIPTION


 


	Parcel
    ID:	306-14-008-M

        

	 	 
	Property
    Address:	2144
        & 2148 N. Road 1 East

        Chino
        Valley, AZ 83462

        

	 	 
	Property:	Chino
Valley Cultivation Site; Approximately 11 acres. 

	 	 
	Premises:	20,000
    square feet of completed Greenhouse, 10,000 square feet of completed Warehouse, 10,000 square feet of completed hoop houses,
    and approximately 5,000 square feet of residential & garage space.
	 	 
	 	The
Authority to Operate (ATO) for the Cultivation Site will be held by Broken Arrow Herbal Center, Inc.








 






    	 	11	 



     


    

 


	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


EXHIBIT
B: OUTLINE OF THE PREMISES


 





 


	PHASE
    1:	Existing
    Lease Agreement includes Greenhouse #1 approximately 10,000 square feet and Office Space of approximately 5,000 square feet
    for a total of 15,000 square feet.




 


	PHASE
    2:	Completion
    of the following expanded developments for 25,000 square feet total:




		A.)	Utility
                                         expansion in coordination with APS to increase 3,000 amps service to property



		B.)	Addition
                                         of a new Injection Well/Drywell



		C.)	Septic
                                         Tank Permitting and Installation
	 	D.)	New
     Warehouse structure approximately 10,000 square feet in operation space



 


	PHASE
    3:	Completion
    of the following expanded developments for 45,000 square feet total:




		A.)	Renovation
                                         to existing Greenhouse #2, which is currently a shell structure



		B.)	Renovation
                                         to the “Hoop Houses” west of the proposed Warehouse



 


TBD
PHASE 4: Completion of Greenhouse #3, #4, #5, and #6 along with landscaping for interior.





 






    	 	12	 



     


    

 


	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


EXHIBIT
C: ADDITIONAL LEASE TERMS


 





	Lease:	Triple Net (NNN), meaning
    that all rent to be paid to Landlord shall be absolutely net to Landlord so that the Lease shall yield net to Landlord the
    rent to be paid each month during the term of the Lease, and Tenant shall pay either directly or as reimbursement to Landlord
    for all costs, expenses and obligations of every kind or nature whatsoever relating to the Premises which may arise or become
    due during the term of the Lease, including, without limitation, all costs and expenses of operation, maintenance, ownership,
    repairs (including capital repairs), replacements (including capital replacements), utilities, insurance and taxes (including
    real estate taxes and assessments, but excluding Landlord’s personal income taxes) relating to the Premises. 
	 	 
	Premises:	45,000 Square Feet within the approximately
    11 Acre Licensed Cultivation Site
	 	 
	Lease Term:	The Length of the Lease will be unchanged from
    the existing Lease Agreement
	 	 
	Amended Rental Schedule:	See Exhibit D



 






    	 	13	 



     


    

 


	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 





EXHIBIT
D: AMENDED RENTAL SCHEDULE


 





 



    	 	14	 



     


    

 


	 	14300
                           N. Northsight Blvd #208


Scottsdale,
AZ 85260




 


EXHIBIT
E: TOWN OF CHINO VALLEY PPDRP SUBMITTAL


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


WWW.ZONEDPROPERTIES.COM


877-360-8839 


 






     

     


    

  


  





	PLANNED
    AREA DEVELOPMENT APPLICATION 




  


Name
of Applicant: "Zoned Properties, Inc." on behalf of "Chino Valley Properties,
LLC" & "ABA Enterprises, LLC"

 


Mailing
Address: 14300 N. Northsight Blvd #208, Scottsdale, AZ, 85260

 


Phone
Number:602-628-7690                                                   Email:
Bryan@zonedproperties.com


 


Name
of Property Owner/s: Chino Valley Properties, LLC & ABA Enterprises, LLC

 


Mailing
Address: 14300 N. Northsight Blvd #208, Scottsdale, AZ, 85260

  


Phone
Number: 602-628-7690                                                   Email:
Bryan@zonedproperties.com


  


Name
of Architect: David Cintron (DAC Studios, Ltd.)

 


Mailing
Address: 14300 N. Northsight Blvd #208, Scottsdale, AZ, 85260

 


Phone
Number: 312.491.9069                                                   Email:
dac@dacstudios.com


 


Name
of Engineer: __________________________________________________________________________


 


Mailing
Address: ___________________________________________________________________________


 


Phone
Number:______________________                     Email:
____________________


 


Site
Location: 2144 N. Road 1 East, Chino Valley, AZ      APN/S:
306-14-008H, 306-14-008K, 306-14-008M


 


Gross
Area: ~58.3 Acres                                   Net
Area: _________________________Density: ______________


  


Total
No. of Lots: 3                                      


 


Description
of requested use:


 


Phased
Protected Development Right Plan - 5 Years. Please See Attachment.


 





 



 


 





 



 


 





 



 


 





 



 






     

     

    

 





Project
Narrative:


 


Phased
Protected Development Right Plan - 5 Years. Please See Attachment.


 





 



 


 





 



 


 





 



 


 





 





 


Application
Fees:


 


PAD
with Rezoning: Requires an $800.00 application fee along with $20.00 per lot and $115 per advertisement.


 


	Applicant Signature:	/s/ Bryan McLaren	 	01-25-2016
	 	 	 	Date
	 	 	 	 
	Owner
    Signature:	/s/ Bryan McLaren	 	01-25-2016
	 	 	 	Date




 


 


 


 


 


 


 


 


 


 


	2015 Aug 	Page 2 of 2




 






     

     

    

 





	 	14300
        N. Northsight Blvd #208

        Scottsdale,
        AZ 85260





 


Hand
Delivered


 


January
25, 2016


 


Ms.
Ruth Mayday


Development
Services


Director
Town of Chino Valley 


1982
Voss Drive 


Chino
Valley, AZ 86323


 


Dear
Ms. Mayday:


 


Zoned
Properties, Inc. on behalf of ABA Enterprises, LLC and Chino Valley Properties, LLC (“Property Owners”) is pleased
to submit to you the attached Project Narrative and Phased Protected Development Right Plan (“PPDRP”) in support of
our request to the Town of Chino Valley (“Town”) for a Five Year Phased Protected Development Right Plan.


 


We
have reviewed the Town’s Fee Schedule and understand that there is not an established fee for this type of application.
Please let me know what the application fee for this proposal is, and I will be happy to send you a check.


 


It
is my understanding that at the February 9, 2016 meeting of the Town Council, the Council Members may be discussing the proposed
changes to the Chino Valley Unified Development Ordinance regarding Medical Marijuana (“MMJ”). As you know, over the
past few months our development team has made presentations to the Planning & Zoning Commission and Town Council regarding
the proposed changes to the Chino Valley MMJ zoning ordinance and, more specifically, how a PPDRP can be used to preserve the
expansion rights of our existing MMJ businesses in Chino Valley. It might be appropriate to include our PPDRP on the Council's
agenda for action at the meeting on the 9th. In our opinion, approval of the PPRDP by the Town Council “will promote reasonable
certainty, stability and fairness in the land use planning and regulatory process and secure the reasonable investment backed
expectations of the landowner.” (A.R.S. §96 1202(F)


 


Thank
you for your review of the enclosed materials. Please contact me at 602-628-7690 or Ralph Pew at 480-461-4670 if you have any
questions or comments. We look forward to working collaboratively with the Town staff, Planning & Zoning Commission and Town
Council to create development strategies, which will serve the interests of the Town and the Property Owners.


 


Sincerely,


 


/s/ Bryan McLaren                  


Bryan
McLaren 


Zoned
Properties, Inc.


 


www.zonedproperties.com


 



     

     

    

 


	 	14300
        N. Northsight Blvd #208

        Scottsdale,
        AZ 85260



 


PHASED
PROTECTED DEVELOPMENT RIGHT PLAN


PROJECT
NARRATIVE


FOR
58.30 ACRES


SEC
OF Arizona State Route 89 and Road 3 1/2 North


 


 


Submitted
on behalf of:

ABA Enterprises, LLC

&

Chino Valley Properties, LLC


 


 


Submitted
by: 

Bryan McLaren

Zoned Properties, Inc.,

14300 N. Northsight Blvd., Suite 208

Scottsdale, AZ 85260

602-628-7690

bryan@zonedproperties.com


 


 


Submitted
to: 

The Town of Chino Valley (“Town”)

Development Services

Planning and Zoning Division

1982 Voss Drive

Chino Valley, AZ 86323


 


 


 


Submitted:
January 25, 2016


 


 


 


www.zonedproperties.com








 






     

     

    

 





	 	14300
        N. Northsight Blvd #208

        Scottsdale,
        AZ 85260



 


Purpose
of Request


 


Zoned
Properties, Inc. on behalf of ABA Enterprises, LLC and Chino Valley Properties, LLC (“Property Owners”), is pleased
to submit this project narrative to the Town of Chino Valley in support of an application for a Phased Protected Development Right
Plan (“PPDRP”) on 58.30 acres. The PPDRP includes this project narrative and all exhibits described herein. The property,
shown below in red, is known as Yavapai County parcels #306-14-008H, 306-14-008K and 306-14-008M (“the Property”).
Legal descriptions for the three parcels are attached as Exhibits A, B and C of this narrative. The Property Owners are
filing an application for PPDRP consistent with the enabling authority available to the Town in A.R.S §9-1201 et seq. Pursuant
to Arizona Revised Statutes §9-1202(C), a more detailed site plan for each phase of the PPDRP will be submitted prior to
the development of each phase.


 





 


 


 


 


 


www.zonedproperties.com


 






     

     

    

 





	 	14300
        N. Northsight Blvd #208

        Scottsdale,
        AZ 85260



 


Description
of Proposal


 


As
shown on the Phased Protected Development Right Plan, Exhibit D of this narrative, the Property Owners are proposing
to develop the site in three different phases, identified on the PPDRP as Phases 1, 2 and 3.


 


The
first phase includes the existing and planned expansion of a licensed medical marijuana cultivation facility. Additional uses
for phase one include a hay farm, vineyard and a solar power array.


 


The
second phase of development will include expansions of the hay farm and vineyard established in phase one, an additional solar
power array, and a residential housing project.


 


The
third and final phase of development will include another solar power array, an additional licensed medical marijuana cultivation
facility and additional residential housing.


 


Every
land use element of a previous phase of the PPDRP is not required to be completely built out before a new phase could begin.


 


As
previously noted, a more detailed plan for each phase of the PPDRP will be submitted prior to the development of each phase for
site plan approval by the Town.


 


Relationship
to Surrounding Properties and Existing Zoning


 


The
project site is on the east side of State Route 89, south of Road 3 1/2 North and west of Road 1 East.


 


	 	Zoning
    Classification	Use
	Project
    

    Site	CH
    and CL/AR--5	Agricultural/

        Medical
        Marijuana Cultivation

	North	Heavy
    Commercial and 

    Agricultural/Residential	Landscape
    Supply/Vineyard
	South	Light
    Commercial and 

    Residential 1 du/ac	Vacant/Residential
	East	Single
    Family 

    Residential 2.5 du/ac	Road
    1 East/Residential
	West	Light
    Commercial	Frontage/
    State Route 89





 


 


 


 


 


www.zonedproperties.com


 



     

     

    

 





	 	14300
        N. Northsight Blvd #208

        Scottsdale,
        AZ 85260



 


As
demonstrated by the graphic above, the project site is bound by roadways on three sides, and mostly commercially zoned properties.
There is residentially zoned property to the south and on the east side of Road 1 East.


 


Development
Schedule


 


As
shown on the PPDRP, this project will be developed in three phases. Per Arizona Revised Statute §9-1203(A), as a phased development,
the development rights established with the approval of this PPDRP would be valid for five years. However, as outlined in A.R.S.
§9-1203(B), the Town may extend the duration period for two additional years if a longer time period is warranted by “all
relevant circumstances, including the size, type and phasing of the development on the property, the level of investment of the
landowner, economic cycles and market conditions.” However, the protected development right shall not remain established
for more than seven years.


 


Public
Utilities and Services


 


Utilities
and services to the development will be provided as follows:


 


	Utility	Provider
	Water	Pumped
    Well Access
	Wastewater	Septic
	Electricity	Arizona
    Public Service
	Gas	Southwest
    Gas
	Cable	Cable
    One
	Telephone	n/a
	Police	Chino
    Valley Police Department
	Fire	Chino
    Valley Fire Department


 


Development
Team


 





	Applicant:	Zoned Properties, Inc.
	 	14300 N. Northsight Blvd., Suite 208
	 	Scottsdale, AZ 85260
	 	Bryan McLaren
	 	602-628-7690
	 	 
	Property Owners:	ABA Enterprises, LLC & Chino Valley Properties, LLC
	 	c/o Zoned Properties, Inc.
	 	14300 N. Northsight Blvd., Suite 208
	 	Scottsdale, AZ 85260




 


 


 


 


 


www.zonedproperties.com








 






     

     

    

 





	 	Bryan McLaren	
        14300 N. Northsight Blvd #208

        Scottsdale, AZ 85260








 





	Land Use
    Counsel:	Pew &
    Lake, PLC 
	 	1744 South
    Val Vista Drive, Suite 217
	 	Mesa, AZ
    85204 W. Ralph Pew
	 	480-461-4670
	 	 
	 	Conant
    Law Office
	 	2398 East
    Camelback, Suite 925
	 	Phoenix,
    AZ 85016
	 	Paul Conant
	 	602-508-9010




 


Effective
Date


 


Pursuant
to ARS. §9-1202(G), this PPDRP will be deemed established and effective with respect to the Property upon its approval by
the Chino Valley Town Council on February 9, 2016.


 


Conclusion


 


Approval
of this PPDRP will allow for the continued development of a well-designed Commercial enterprise, which includes renewable energy
sources, residential housing, Licensed Medical Marijuana Facilities and diverse agricultural facilities. The Property Owners look
forward to working with the Town to develop the planning and legal framework, which will implement this phased development vision.


 


 


 


 


 


www.zonedproperties.com


 






     

     

    

 


		
        14300 N. Northsight Blvd #208

        Scottsdale, AZ 85260





 


 


EXHIBIT
A


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


www.zonedproperties.com


 






     

     


    

 





	Parcel
    H, Exhibit A	2015-0043367
    SWD
	09/10/2015
    10:56:11 AM Page 3 of 3




  


Escrow
No. 68150793-068-BR


 


LEGAL
DESCRIPTION


 


All
that portion of the Southeast quarter of Section 10, Township 16 North, Range 2 West, of the Gila and Salt River Base and Meridian,
Yavapai County, Arizona, as described in Book 4644 of Official Records, page 294, on file in the office of the Yavapai County
Recorder and further shown on the Record of Survey recorded in Book 103 of Land Surveys, Page 81, on file in the office of the
Yavapai County Recorder, said portion thereof being more particularly described as follows:


 


Commencing
at the Southeast corner of said Section 10;


 


Thence
North 00 degrees 12 minutes 00 seconds West, a distance of 686.48 feet to a point on the East line of said Section 10 and the
centerline of Road 1 East in the Town of Chino Valley, Arizona;


 


Thence
South 89 degrees 47 minutes 42 seconds West, a distance of 25,00 feet, to a point on the West right of way line of said Road 1
East;


 


Thence
continuing South 89 degrees 47 minutes 42 seconds West, a distance of 761.32 feet; Thence North 00 degrees 13 minutes 03 seconds
West, a distance of 277.13 feet;


 


Thence
South 89 degrees 57 minutes 43 seconds West, a distance of 352.05 feet, to the POINT OF BEGINNING;


 


Thence
continuing South 89 degrees 57 minutes 43 seconds West, a distance of 370.43 feet, to a point on the East right of way line of
U. S. Highway 89;


 


Thence
North 02 degrees 42 minutes 45 seconds East, a distance of 1661.30 feet, along the said East right of way line of U. S. Highway
89, said right of way being 200.00 feet in width;


 


Thence
North 89 degrees 58 minutes 46 seconds East, a distance of 302.20 feet, to the beginning of a tangent curve, concave to the South,
with a radius of 1304.26 feet, the radius point of which bears South 00 degrees 01 minutes 14 seconds East;


 


Thence
Easterly along said curve, through a delta angle of 02 degrees 59 minutes 40 seconds, an arc distance of 68.16 feet, the chord
bearing of which is South 88 degrees 31 minutes 24 seconds East, with a chord distance of 68.16 feet;


 


Thence
South 02 degrees 42 minutes 45 seconds West, a distance of 1659.41 feet, to the POINT OF BEGINNING.


 


 


Lgldescr


 






    	 	Page 1 of 1	 



     


    

 


	

                                                                                
	14300
                                         N. Northsight Blvd #208

                                                                                Scottsdale,
                                         AZ 85260



 


 


EXHIBIT
B





 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


  



www.zonedproperties.com


 






     

     


    

 


	Parcel
    K, Exhibit B	2015-0043372
    SWD
	09/10/2015
    11:10:40 AM Page 3 of 4





 


Escrow
No. 68150794-068-BR


 


LEGAL
DESCRIPTION


 


All
that portion of the Southeast quarter of Section 10, Township 16 North, Range 2 West, of the Gila and Salt River Base and Meridian,
Yavapai County, Arizona, as described in Book 4644 of Official Records, Page 294, on file in the office of the Yavapai County
Recorder and further shown on the Record of Survey recorded in Book 103 of Land Surveys, Page 81, on file in the office of the
Yavapai County Recorder, said portion thereof being more particularly described as follows:


 


Commencing
at the Southeast comer of said Section 10;


 


Thence
North 00 degrees 12 minutes 00 seconds West, a distance of 686,48 feet to a point on the East line of said Section 10 and the
centerline of Road 1 East in the Town of Chino Valley, Arizona;


 


Thence
South 89 degrees 47 minutes 42 seconds West, a distance of 25.00 feet, to a point on the West right of way line of said Road 1
East;


 


Thence
continuing South 89 degrees 47 minutes 42 seconds West, a distance of 761.32 feet; Thence North 00 degrees 13 minutes 03 seconds
West, a distance of 277.13 feet;


 


Thence
South 89 degrees 57 minutes 43 seconds West, a distance of 47.73 feet, to the POINT OF BEGINNING; Thence continuing South 89 degrees
57 minutes 43 seconds West, a distance of 304.32 feet;


 


Thence
North 02 degrees 42 minutes 45 seconds East, a distance of 1659.41 feet, to the beginning of a non-tangent curve, concave to the
Southwest, with a radius of 1304.26 feet, the radius point of which bears South 02 degrees 58 minutes 26 seconds West;


 


Thence
Southeasterly along said curve, through a delta angle of 04 degrees 49 minutes 41 seconds, an arc distance of 109.91 feet, the
chord bearing of which is South 84 degrees 36 minutes 43 seconds East, with a chord distance of 109.87 feet, to a point of reverse
curve, concave to the Northeast, with a radius of 1382.26 feet, the radius point of which bears North 07 degrees 48 minutes 07
seconds East;


 


Thence
Southeasterly along said curve, through a delta angle of 07 degrees 49 minutes 21 seconds, an arc distance of 188,72 feet, the
chord bearing of which is South 86 degrees 06 minutes 33 seconds East, with a chord distance of 188.57 feet;


 


Thence
North 89 degrees 58 minutes 46 seconds East, a distance of 193.04 feet;


 


Thence
South 00 degrees 12 minutes 00 seconds East, a distance of 777.65 feet, to the beginning of a tangent curve, concave to the Northwest,
with a radius of 15.50 feet, the radius point of which bears South 89 degrees 48 minutes 00 seconds West;


 


Thence
Southwesterly along said curve, through a delta angle of 146 degrees 05 minutes 10 seconds, an arc distance of 39,52 feet, the
chord bearing of which is South 72 degrees 50 minutes 35 seconds West, with a chord distance of 29.65 feet, to a point of reverse
curve, concave to the Southeast, with a radius of 50.00 feet, the radius point of which bears South 55 degrees 53 minutes 10 seconds
West;


 


Thence
Southerly along said curve, through a delta angle of 246 degrees 36 minutes 10 seconds, an arc distance of 215.20 feet, the chord
bearing of which is South 22 degrees 35 minutes 05 seconds West, with a chord distance of 83.58 feet;


 


LgIdescr








 






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	 	2015-0043372 SWD
	 	09/10/2015 11:10:40 AM Page 4 of 4







 


Thence
South 00 degrees 12 minutes 00 seconds East, a distance of 335.33 feet;


 


Thence South 89 degrees 57 minutes 43 seconds West, a
distance of 102.06 feet;


 


Thence South 01 degrees 05 minutes 30 seconds West, a distance of 255.06 feet;


 


Thence South 89 degrees
57 minutes 43 seconds West, a distance of 69.69 feet;


 


Thence
South 02 degrees 43 minutes 15 seconds West, a distance of 31.98 feet, to the beginning of a tangent curve, concave to the Northwest,
with a radius of 52.00 feet, the radius point of which bears North 87 degrees 16 minutes 45 seconds West;


 


Thence
Southwesterly along said curve, through a delta angle of 60 degrees 35 minutes 42 seconds, an arc distance of 54,99 feet, the
chord bearing of which is South 33 degrees 01 minutes 06 seconds West, with a chord distance of 52.47 feet;


 


Thence
South 00 degrees 50 minutes 00 seconds West, a distance of 104.35 feet, to the POINT OF BEGINNING.


 


LgIdescr


 






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		14300 N. Northsight Blvd #208 

                                                                                Scottsdale, AZ 85260




 


 


EXHIBIT
C


 





 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


  


 


www.zonedproperties.com








 






     

     


    

 








	Parcel M, Exhibit C	2015-0043403 SWD
	09/10/2015 11:50:01 AM Page 3 of 4




 


Escrow
No. 68150795-068-BR


 


LEGAL
DESCRIPTION


 


All
that portion of the Southeast quarter of Section 10, Township 16 North, Range 2 West, of the Gila and Salt River Base and Meridian,
Yavapai County, Arizona, as described in Book 4644 of Official Records, Page 294, on file in the office of the Yavapai County
Recorder and further shown on the Record of Survey recorded in Book 103 of Land Surveys, Page 81, on file in the office of the
Yavapai County Recorder, said portion thereof being more particularly described as follows;


 


Commencing
at the Southeast corner of said Section 10;


 


Thence
North 00 degrees 12 minutes 00 seconds West, 686,48 feet to a point on the East line of said Section 10 and the centerline of
Road 1 East in the Town of Chino Valley, Arizona;


 


Thence
South 89 degrees 47 minutes 42 seconds West, a distance of 25.00 feet, to a point on the West right-of-way line of said Road 1
East;


 


Thence
continuing South 89 degrees 47 minutes 42 seconds West, a distance of 25.00 feet, to the POINT OF BEGINNING;


 


Thence
North 00 degrees 12 minutes 00 seconds West, 25,00 feet West of and parallel to the said West right of way line of said Road I
East, a distance of 1908.96 feet;


 


Thence
South 89 degrees 58 minutes 46 seconds West, a distance of 513.66 feet;


 


Thence
South 00 degrees 12 minutes 00 seconds East, a distance of 777.65 feet, to the beginning of a tangent curve, concave to the Northwest,
with a radius of 15.50 feet, the radius point of which bears South 89 degrees 48 minutes 00 seconds West;


 


Thence
Southwesterly along said curve, through a delta angle of 146 degrees 05 minutes 10 seconds, an arc distance of 39.52 feet, the
chord bearing of which is South 72 degrees 50 minutes 35 seconds West, with a chord distance of 29.65 feet, to a point of reverse
curve, concave to the Southeast, with a radius of 50.00 feet, the radius point of which bears South 55 degrees 53 minutes 10 seconds
West;


 


Thence
Southerly along said curve, through- a delta angle of 246 degrees 36 minutes 10 seconds, an arc distance of 215,20 feet, the chord
bearing of which is South 22 degrees 35 minutes 05 seconds West, with a chord distance of 83,58 feet;


 


Thence
South 00 degrees 12 minutes 00 seconds East, a distance of 335.33 feet;


 


Thence South 89 degrees 57 minutes 43 seconds West, a
distance of 102.06 feet;


 


Thence South 01 degrees 05 minutes 30 seconds West, a distance of 255.06 feet;


 


Thence South 89 degrees
57 minutes 43 seconds West, a distance of 69.69 feet;


 


Thence
South 02 degrees 43 minutes 15 seconds West, a distance of 31.98 feet, to the beginning of a tangent curve, concave to the Northwest,
with a radius of 52.00 feet, the radius point of which bears North 87 degrees 16 minutes 45 seconds West;


 


Thence
Southwesterly along said curve, through a delta angle of 60 degrees 35 minutes 42 seconds, an arc distance of 54,99 feet, the
chord bearing of which is South 33 degrees 01 minutes 06 seconds West, with a chord distance of 52.47 feet;


 


I.gldescr


 






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	 	2015-0043403
    SWD
	 	09/10/2015
    11:50:01 AM Page 4 of 4




 


 


Thence
South 00 degrees 50 minutes 00 seconds West, a distance of 104.35 feet;


 


Thence
North 89 degrees 57 minutes 43 seconds East, a distance of 47.73 feet;


 


Thence
South 00 degrees 13 minutes 03 seconds East, a distance of 277,13 feet;


 


Thence
North 89 degrees 47 minutes 42 seconds East, a distance of 736,32 feet, to the POINT OF BEGINNING.








 






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		14300
                                         N. Northsight Blvd #208

        Scottsdale,
        AZ 85260



 


EXHIBIT
D





 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


  



www.zonedproperties.com