Portions of this document have been redacted pursuant to a Request for Confidential Treatment filed with the Securities and Exchange
      Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[**]”.

    Exhibit 10.2

    SERITAGE GROWTH PROPERTIES

    February 28, 2019

    Transform SR Operations LLC

        Transform KM Operations LLC

        c/o ESL Investments, Inc.

        1170 Kane Concourse, Suite 200

        Bay Harbor Islands, FL 33154

    Ladies and Gentlemen:

    Reference is made to that certain Master Lease of even date herewith (the “Master Lease”) by and among Seritage SRC Finance LLC and Seritage KMT Finance LLC (together with their successors and assigns, collectively, jointly and severally, “Landlord”), and Transform SR Operations LLC (“Sears Tenant”) and
        Transform KM Operations LLC (“Kmart Tenant”) (together with their permitted successors and assigns, collectively, jointly and severally, “Tenant”).

    The parties hereby acknowledge and agree that the following Schedules which are
        attached to and described in this letter (“Side Letter”) shall constitute the respective Schedules referred to in the Master Lease, and each of such
        Schedules is hereby, and for all purposes shall be deemed to have been, incorporated as a part of the Master Lease as if fully set forth therein. Capitalized terms not otherwise defined herein shall have the meaning as set forth in the Master
        Lease. The respective Schedules are:

    	
            1. 

          	
            Schedule 1.7(c):
                

              

          	
            Preliminary Recapture Plans that the parties to the Master Lease have agreed upon.

          
	 	 	 
	
            2. 

          	
            Schedule 2:

          	
            Base Rent Adjustment.

          
	 	 	 
	
            3. 

          	
            Schedule 4.5:

          	
            Installment Expenses.

          
	 	 	 
	
            4. 

          	
            Schedule 20.3:

          	
            Initial Environmental Remediation

          


     

      

    The parties acknowledge and agree that they have endeavored to provide accurate information in Schedule 2, Schedule 4.5
        and Schedule 20.3 but that such schedules and, as applicable, corresponding information in the Master Lease based on such schedules shall be subject to revision as mutually agreed by the parties if the parties reasonably and in good faith determine
        that such schedules did not reflect accurate information as to the matters referenced therein.

    This Side Letter shall be governed by, and construed and enforced in accordance with, the laws of the
        State of New York.

    
      
        


    

    

    

    If the above-referenced terms are acceptable to you, please counter execute where provided for below
        and return the same to the undersigned. The fully executed Side Letter will also serve to supplement the Master Lease to add the information included on the Schedules described herein, and as so supplemented, the Master Lease shall continue in full
        force and effect on all of the same terms and conditions. For purposes hereof, transmission by email will be binding as if original.

    [signature page follows]

    
      
        


    

    

    

    IN
          WITNESS WHEREOF, this Side Letter has been executed and delivered by the parties set forth above.

    

    

    
      

        	 	Tenant:	 
	 	 	 
	
                 

              	
                TRANSFORM SR OPERATIONS LLC

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                By:

              	 /s/ Harold Talisman

              	
                 

              
	
                 

              	
                Name:

              	 Harold Talisman 	
                 

              
	
                 

              	
                Title:

              	Authorized Signatory

              	
                 

              


         

        

          	 	

                	 
	 	 	 
	
                   

                	
                  TRANSFORM KM OPERATIONS LLC

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                  By:

                	 /s/ Harold Talisman 	
                   

                
	
                   

                	
                  Name:

                	 Harold Talisman 	
                   

                
	
                   

                	
                  Title:

                	Authorized Signatory	
                   

                


           

           

            

           

            

           

            

           

            

        

      

    

    

    

    Transform — RE — Seritage Master Lease Side Letter

    

    

    
      
        


    

    

    

    

      	 	Landlord:	 
	 	 	 
	
               

            	
              SERITAGE KMT







                  FINANCE LLC

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              By:

            	 /s/ Benjamin Schall

            	
               

            
	
               

            	
              Name:

            	 Benjamin Schall 	
               

            
	
               

            	
              Title:

            	President

            	
               

            


       

      

        	 	

              	 
	 	 	 
	
                 

              	
                SERITAGE SRC







                    FINANCE LLC

              	
                 

              
	
                 

              	
                 

              	
                 

              
	
                 

              	
                By:

              	 /s/ Benjamin Schall 	
                 

              
	
                 

              	
                Name:

              	 Benjamin Schall 	
                 

              
	
                 

              	
                Title:

              	President	
                 

              


         

      

    

    

    

    

    

    
      
        
          
             

              

             

              

             

              

          

        

      

      

      

      Transform — RE — Seritage Master Lease Side Letter

    

    

    
      
        


    

    

    

    SCHEDULE 1.7(c)

    PRELIMINARY







            RECAPTURE PLANS

    

      	
              [**]

            


    

    
            

          

     

    
    
      
        


    

    

    

    SCHEDULE 2

    BASE RENT ADJUSTMENT

     

          

    
      
        


    

    

    

     

    

    

    
      	
               

            	
              Site

            	
              Type

            	
              City

            	
              State

            	
              SHC SF

            	
              SHC Base Rent Adjustment

            	
              EBITDA Loss

            	
              Lands' End SF

            	
              Lands' End Rent

            	
              Total SHC and Lands' End SF

            	
              Total Base Rent

                  Adjustment Plus

                  Lands' End Rent

            	
              Occurance of

                  Multi-Tenancy

                  Occupancy Date

              (Y/N)

            	
              Total SF

                  (including all

                  third-party

              leases)

            	
              Tenant's

                  Proportionate

                  Share

            	
              Updated Proportionate Share

            
	
              1

            	
              1206

            	
              Sears

            	
              N Little Rock

            	
              AR

            	
              160,492

            	
              [**]

            	
              -

            	
              [**]

            	
              Y

            	
              185,718

            	
              [**]

            
	
              2

            	
              2218

            	
              Sears

            	
              Prescott

            	
              AZ

            	
              102,338

            	
              -

            	
              N

            	
              102,338

            
	
              3

            	
              7653

            	
              K-Mart

            	
              Big Bear Lake

            	
              CA

            	
              69,288

            	
              -

            	
              Y

            	
              80,008

            
	
              4

            	
              1358

            	
              Sears

            	
              Chula Vista

            	
              CA

            	
              250,092

            	
              -

            	
              N

            	
              250,092

            
	
              5

            	
              1208

            	
              Sears

            	
              Fresno

            	
              CA

            	
              217,566

            	
              -

            	
              N

            	
              217,566

            
	
              6

            	
              7390

            	
              K-Mart

            	
              McKinleyville

            	
              CA

            	
              94,774

            	
              -

            	
              N

            	
              94,774

            
	
              7

            	
              1748

            	
              Sears

            	
              Montclair

            	
              CA

            	
              174,675

            	
              -

            	
              N

            	
              174,675

            
	
              8

            	
              1868

            	
              Sears

            	
              Moreno Valley

            	
              CA

            	
              169,371

            	
              -

            	
              N

            	
              169,371

            
	
              9

            	
              1168

            	
              Sears

            	
              North Hollywood

            	
              CA

            	
              86,954

            	
              -

            	
              Y

            	
              150,982

            
	
              10

            	
              1968

            	
              Sears

            	
              Palm Desert

            	
              CA

            	
              136,464

            	
              -

            	
              N

            	
              136,464

            
	
              11

            	
              3678

            	
              K-Mart

            	
              Ramona

            	
              CA

            	
              86,988

            	
              -

            	
              Y

            	
              107,470

            
	
              12

            	
              1298

            	
              Sears

            	
              Riverside

            	
              CA

            	
              202,030

            	
              -

            	
              Y

            	
              214,230

            
	
              13

            	
              1688

            	
              Sears

            	
              Salinas

            	
              CA

            	
              132,974

            	
              -

            	
              N

            	
              132,974

            
	
              14

            	
              1398

            	
              Sears

            	
              San Bernardino

            	
              CA

            	
              264,682

            	
              -

            	
              N

            	
              264,682

            
	
              15

            	
              1478

            	
              Sears

            	
              San Bruno

            	
              CA

            	
              267,896

            	
              8,698

            	
              N

            	
              276,594

            
	
              16

            	
              1488

            	
              Sears

            	
              San Jose

            	
              CA

            	
              262,491

            	
              -

            	
              N

            	
              262,491

            
	
              17

            	
              2088

            	
              Sears

            	
              Santa Maria

            	
              CA

            	
              108,596

            	
              -

            	
              N

            	
              108,596

            
	
              18

            	
              7639

            	
              K-Mart

            	
              Santa Paula

            	
              CA

            	
              71,257

            	
              -

            	
              N

            	
              71,257

            
	
              19

            	
              1108

            	
              Sears

            	
              Temecula

            	
              CA

            	
              65,184

            	
              -

            	
              Y

            	
              115,636

            
	
              20

            	
              1148

            	
              Sears

            	
              Ventura

            	
              CA

            	
              171,874

            	
              6,691

            	
              N

            	
              178,565

            
	
              21

            	
              1189

            	
              Sears

            	
              West Covina

            	
              CA

            	
              142,000

            	
              -

            	
              N

            	
              142,000

            
	
              22

            	
              7725

            	
              K-Mart

            	
              Rehoboth Beach

            	
              DE

            	
              65,150

            	
              -

            	
              Y

            	
              126,908

            
	
              23

            	
              7321

            	
              K-Mart

            	
              Bradenton

            	
              FL

            	
              82,938

            	
              -

            	
              N

            	
              82,938

            
	
              24

            	
              1495

            	
              Sears

            	
              Ft. Myers

            	
              FL

            	
              146,792

            	
              -

            	
              N

            	
              146,792

            
	
              25

            	
              1345

            	
              Sears

            	
              Hialeah

            	
              FL

            	
              184,442

            	
              -

            	
              Y

            	
              199,453

            
	
              26

            	
              1365

            	
              Sears

            	
              Miami

            	
              FL

            	
              170,122

            	
              -

            	
              N

            	
              170,122

            
	
              27

            	
              4355

            	
              K-Mart

            	
              St. Petersburg

            	
              FL

            	
              120,631

            	
              -

            	
              N

            	
              120,631

            
	
              28

            	
              9220

            	
              K-Mart

            	
              Algona

            	
              IA

            	
              99,260

            	
              -

            	
              N

            	
              99,260

            
	
              29

            	
              7767

            	
              K-Mart

            	
              Charles City

            	
              IA

            	
              96,569

            	
              -

            	
              N

            	
              96,569

            
	
              30

            	
              1212

            	
              Sears

            	
              North Riverside

            	
              IL

            	
              119,586

            	
              -

            	
              Y

            	
              203,001

            
	
              31

            	
              1053

            	
              Sears

            	
              Saugus

            	
              MA

            	
              139,402

            	
              5,565

            	
              Y

            	
              210,427

            
	
              32

            	
              7713

            	
              K-Mart

            	
              Edgewater

            	
              MD

            	
              117,162

            	
              -

            	
              N

            	
              117,162

            
	
              33

            	
              4353

            	
              K-Mart

            	
              Minot

            	
              ND

            	
              108,110

            	
              -

            	
              Y

            	
              110,413

            
	
              34

            	
              1313

            	
              Sears

            	
              Nashua

            	
              NH

            	
              167,082

            	
              -

            	
              N

            	
              167,082

            
	
              35

            	
              1668

            	
              Sears

            	
              Las Vegas

            	
              NV

            	
              66,135

            	
              -

            	
              Y

            	
              150,793

            
	
              36

            	
              7676

            	
              K-Mart

            	
              Sidney

            	
              NY

            	
              94,428

            	
              -

            	
              N

            	
              94,428

            
	
              37

            	
              1410

            	
              Sears

            	
              Canton

            	
              OH

            	
              210,384

            	
              8,979

            	
              N

            	
              219,363

            
	
              38

            	
              7477

            	
              K-Mart

            	
              Marietta

            	
              OH

            	
              87,543

            	
              -

            	
              N

            	
              87,543

            
	
              39

            	
              3243

            	
              K-Mart

            	
              North Canton

            	
              OH

            	
              84,180

            	
              -

            	
              Y

            	
              87,114

            
	
              40

            	
              3142

            	
              K-Mart

            	
              Tallmadge

            	
              OH

            	
              84,180

            	
              -

            	
              N

            	
              84,180

            
	
              41

            	
              3911

            	
              K-Mart

            	
              Columbia

            	
              PA

            	
              86,721

            	
              -

            	
              N

            	
              86,721

            
	
              42

            	
              7699

            	
              K-Mart

            	
              Lebanon

            	
              PA

            	
              117,162

            	
              -

            	
              N

            	
              117,162

            
	
              43

            	
              3954

            	
              K-Mart

            	
              Walnutport

            	
              PA

            	
              121,159

            	
              -

            	
              N

            	
              121,159

            
	
              44

            	
              7788

            	
              K-Mart

            	
              Bayamon

            	
              PR

            	
              114,600

            	
              -

            	
              Y

            	
              115,191

            
	
              45

            	
              1085

            	
              Sears

            	
              Caguas

            	
              PR

            	
              138,686

            	
              -

            	
              N

            	
              138,686

            
	
              46

            	
              1925

            	
              Sears

            	
              Carolina

            	
              PR

            	
              198,009

            	
              -

            	
              N

            	
              198,009

            
	
              47

            	
              7768

            	
              K-Mart

            	
              Guaynabo

            	
              PR

            	
              57,697

            	
              -

            	
              Y

            	
              213,624

            
	
              48

            	
              3882

            	
              K-Mart

            	
              Mayaguez

            	
              PR

            	
              118,242

            	
              -

            	
              N

            	
              118,242

            
	
              49

            	
              7741

            	
              K-Mart

            	
              Ponce

            	
              PR

            	
              126,887

            	
              -

            	
              N

            	
              126,887

            
	
              50

            	
              1127

            	
              Sears

            	
              Shepherd

            	
              TX

            	
              201,700

            	
              -

            	
              N

            	
              201,700

            
	
              51

            	
              1284

            	
              Sears

            	
              Alexandria

            	
              VA

            	
              252,504

            	
              9,608

            	
              N

            	
              262,112

            
	
               

            	
               

            	
               

            	
              Total

            	
               

            	
              7,015,449

            	
              32,594,993

            	
              (11,979,910)

            	
              39,541

            	
                375,915 

               

            	
               7,054,990

            	
                32,970,908

            	
               

            	
              7,710,155

            	
               

            	
               

            


    

    

    

     

    
      
        


    

    SCHEDULE







            4.5 

    INSTALLMENT







            EXPENSES

     

          

     

          

     

          

    
      
        


    

    

    

    

    

    	 	
            Site

          	
            Type

          	
            City

          	
            State

          	
            Tenant's

                Proportionate

                Share

          	
            Updated

                Tenant's

                Proportionate

                Share

          	
            Estimated CAM

          	
            Estimated Taxes

          	
            Estimated

                Insurance

          	
            Estimated

                Utilities

          	
            Other

                Operating

                Expenses

          	
            

                Total

          
	
            1

          	
            1206

          	
            Sears

          	
            N Little Rock

          	
            AR

          	
            [**]

                                                              
	
            2

          	
            2218

          	
            Sears

          	
            Prescott

          	
            AZ

          
	
            3

          	
            7653

          	
            K-Mart

          	
            Big Bear Lake

          	
            CA

          
	
            4

          	
            1358

          	
            Sears

          	
            Chula Vista

          	
            CA

          
	
            5

          	
            1208

          	
            Sears

          	
            Fresno

          	
            CA

          
	
            6

          	
            7390

          	
            K-Mart

          	
            McKinleyville

          	
            CA

          
	
            7

          	
            1748

          	
            Sears

          	
            Montclair

          	
            CA

          
	
            8

          	
            1868

          	
            Sears

          	
            Moreno Valley

          	
            CA

          
	
            9

          	
            1168

          	
            Sears

          	
            North Hollywood

          	
            CA

          
	
            10

          	
            1968

          	
            Sears

          	
            Palm Desert

          	
            CA

          
	
            11

          	
            3678

          	
            K-Mart

          	
            Ramona

          	
            CA

          
	
            12

          	
            1298

          	
            Sears

          	
            Riverside

          	
            CA

          
	
            13

          	
            1688

          	
            Sears

          	
            Salinas

          	
            CA

          
	
            14

          	
            1398

          	
            Sears

          	
            San Bernardino

          	
            CA

          
	
            15

          	
            1478

          	
            Sears

          	
            San Bruno

          	
            CA

          
	
            16

          	
            1488

          	
            Sears

          	
            San Jose

          	
            CA

          
	
            17

          	
            2088

          	
            Sears

          	
            Santa Maria

          	
            CA

          
	
            18

          	
            7639

          	
            K-Mart

          	
            Santa Paula

          	
            CA

          
	
            19

          	
            1108

          	
            Sears

          	
            Temecula

          	
            CA

          
	
            20

          	
            1148

          	
            Sears

          	
            Ventura

          	
            CA

          
	
            21

          	
            1189

          	
            Sears

          	
            West Covina

          	
            CA

          
	
            22

          	
            7725

          	
            K-Mart

          	
            Rehoboth Beach

          	
            DE

          
	
            23

          	
            7321

          	
            K-Mart

          	
            Bradenton

          	
            FL

          
	
            24

          	
            1495

          	
            Sears

          	
            Ft. Myers

          	
            FL

          
	
            25

          	
            1345

          	
            Sears

          	
            Hialeah

          	
            FL

          
	
            26

          	
            1365

          	
            Sears

          	
            Miami

          	
            FL

          
	
            27

          	
            4355

          	
            K-Mart

          	
            St. Petersburg

          	
            FL

          
	
            28

          	
            9220

          	
            K-Mart

          	
            Algona

          	
            IA

          
	
            29

          	
            7767

          	
            K-Mart

          	
            Charles City

          	
            IA

          
	
            30

          	
            1212

          	
            Sears

          	
            North Riverside

          	
            IL

          
	
            31

          	
            1053

          	
            Sears

          	
            Saugus

          	
            MA

          
	
            32

          	
            7713

          	
            K-Mart

          	
            Edgewater

          	
            MD

          
	
            33

          	
            4353

          	
            K-Mart

          	
            Minot

          	
            ND

          
	
            34

          	
            1313

          	
            Sears

          	
            Nashua

          	
            NH

          
	
            35

          	
            1668

          	
            Sears

          	
            Las Vegas

          	
            NV

          
	
            36

          	
            7676

          	
            K-Mart

          	
            Sidney

          	
            NY

          
	
            37

          	
            1410

          	
            Sears

          	
            Canton

          	
            OH

          
	
            38

          	
            7477

          	
            K-Mart

          	
            Marietta

          	
            OH

          
	
            39

          	
            3243

          	
            K-Mart

          	
            North Canton

          	
            OH

          
	
            40

          	
            3142

          	
            K-Mart

          	
            Tallmadge

          	
            OH

          
	
            41

          	
            3911

          	
            K-Mart

          	
            Columbia

          	
            PA

          
	
            42

          	
            7699

          	
            K-Mart

          	
            Lebanon

          	
            PA

          
	
            43

          	
            3954

          	
            K-Mart

          	
            Walnutport

          	
            PA

          
	
            44

          	
            7788

          	
            K-Mart

          	
            Bayamon

          	
            PR

          
	
            45

          	
            1085

          	
            Sears

          	
            Caguas

          	
            PR

          
	
            46

          	
            1925

          	
            Sears

          	
            Carolina

          	
            PR

          
	
            47

          	
            7768

          	
            K-Mart

          	
            Guaynabo

          	
            PR

          
	
            48

          	
            3882

          	
            K-Mart

          	
            Mayaguez

          	
            PR

          
	
            49

          	
            7741

          	
            K-Mart

          	
            Ponce

          	
            PR

          
	
            50

          	
            1127

          	
            Sears

          	
            Shepherd

          	
            TX

          
	
            51

          	
            1284

          	
            Sears

          	
            Alexandria

          	
            VA

          
	
            Total

          


     

    

    
      
        


    

    

    

    SCHEDULE 20.3

    REIT ENVIRONMENTAL COST
            ESTIMATION SUMMARY

     

          

     

          

    
      
        


    

    

    

    Schedule 20.3

    Environmental Cost Estimation

    Summary

     

      

    

    	
            SEARS

              or KMART UNIT

              NUMBER

          	
            City

          	
            State

          	
            Firm

                Performing

                Due Diligence

          	
            Phase I

                Complet

                ed (Y/N)

          	
            Phase II

                Complet

                ed (Y/N)

          	
            Notes and Conditions of

                Environmental Issues

                Identified (For more detail,

                refer to the Phase I and II

                Environmental Site

                Assessment Reports for each

                location)

          	
            Anticipated Scope of Work to Address Environmental Issues

          	
            Estimated Date

                to Begin

                Remedial

                Efforts (To

                begin Within

                either 3 or 6

                months Post

                Closing*)

          	
            Projected

                Duration in

                Months of

                Remedial Efforts

                Based on Data

                Compiled to Date

                (Duration May

                Vary Pending

                Approved

                SOW)

          	
            Potential Delays or other

            Assumptions1,2,3,4

          	
            Current

                Escrow

                Balance

          
	
            1053

          	
            Saugus

          	
            MA

          	
            BBJ Group

          	
            YES

          	
            YES

          	
            [**]

          	
            3 months

          	
             

              

            12

             

              

          	
            [**]

          
	
            1108

          	
            Temecula

          	
            CA

          	
            Terracon

          	
            YES

          	
            YES

          	
            3 months

          	
             

              

            6

             

              

          
	
            1212

          	
            North Riverside

          	
            IL

          	
            Terracon

          	
            YES

          	
            YES

          	
            3 months

          	
             

              

            6

             

              

          
	
            1284

          	
            Alexandria

          	
            VA

          	
            BBJ Group

          	
            YES

          	
            YES

          	
            6 months

          	
             

              

            48

             

              

          


    

    

    

    

    

    

    Schedule X Environmental Cost Estimation Summary - 1

    

     

    

    
      
        


    

    

    

    	
            SEARS

                or KMART UNIT

                NUMBER

          	
            City

          	
            State

          	
            Firm

                Performing

                Due Diligence

          	
            Phase I

                Complet

                ed (Y/N)

          	
            Phase II

                Complet

                ed (Y/N)

          	
            Notes and Conditions of

                Environmental Issues

                Identified (For more detail,

                refer to the Phase I and II

                Environmental Site

                Assessment Reports for each

                location)

          	
            Anticipated Scope of Work to Address Environmental Issues

          	
            Estimated Date

                to Begin

                Remedial

                Efforts (To

                begin Within

                either 3 or 6

                months Post

                Closing*)

          	
            Projected

                Duration in

                Months of

                Remedial Efforts

                Based on Data

                Compiled to Date

                (Duration May

                Vary Pending

                Approved

                SOW)

          	
            Potential Delays or other

            Assumptions1,2,3,4

          	
            Current

                Escrow

                Balance

          
	
            1345

          	
            Hialeah

          	
            FL

          	
            AECOM

          	
            YES

          	
            YES

          	
            [**]

          	
            6 months

          	
             

              

            48

             

              

          	
            [**]

             
	
            1365

          	
            Miami/Southland

          	
            FL

          	
            AECOM

          	
            YES

          	
            YES

          	
            6 months

          	
             

              

            39

             

              

          
	
            1478

          	
            San Bruno

          	
            CA

          	
            Terracon

          	
            YES

          	
            YES

          	
            3 months

          	
             

              

            100

             

              

          
	
            1488

          	
            San Jose

          	
            CA

          	
            Terracon

          	
            YES

          	
            YES

          	
            6 months

          	
             

              

            40

             

              

          
	
            1495

          	
            Ft Myers

          	
            FL

          	
            AECOM

          	
            YES

          	
            YES

          	
            6 months

          	
             

              

            35

             

              

          


    

    

    

    

    Schedule X Environmental Cost Estimation Summary - 2

    

    

    

    
      
        


    

    

    

    	
            SEARS

                or KMART UNIT

                NUMBER

          	
             

              

            City

          	
            State

          	
            Firm

                Performing

                Due Diligence

          	
            Phase I

                Complet

                ed (Y/N)

          	
            Phase II

                Complet

                ed (Y/N)

          	
            Notes and Conditions of

                Environmental Issues

                Identified (For more detail,

                refer to the Phase I and II

                Environmental Site

                Assessment Reports for each

                location)

          	
            Anticipated Scope of Work to Address Environmental Issues

          	
            Estimated Date

                to Begin

                Remedial

                Efforts (To

                begin Within

                either 3 or 6

                months Post

                Closing*)

          	
            Projected

                Duration in

                Months of

                Remedial Efforts

                Based on Data

                Compiled to Date

                (Duration May

                Vary Pending

                Approved

                SOW)

          	
            Potential Delays or other

            Assumptions1,2,3,4

          	
            Current

                Escrow

                Balance

          
	
            4353

          	
            MINOT

          	
            ND

          	
            Terracon

          	
            YES

          	
            YES

          	
            [**]

          	
            6 months

          	
             

              

            35

             

              

          	
            [**]

          
	
            7321

          	
            BRADENTOWN

          	
            FL

          	
            AECOM

          	
            YES

          	
            YES

          	
            6 months

          	
             

              

            16

             

              

          
	 	 	 	 	 	 	 	 	 	
            $2,667,927.55

          


    

    

    

    

    

    

    Schedule X Environmental Cost Estimation Summary - 4

    

     

    

    
      
        


    

    

    

    

    Notes:

    
      
        	

              	1.	
                Regulator Response: To complete the closure process of a reported spill, closure documentation will be submitted to the respective state regulator. Regulator
                    response to reporting and correspondence can vary (sometimes up to 12 months). A delayed response from the respective regulator may delay to closure of a site beyond the anticipated closure date provided above.

              


      

    

    
      
        	

              	2	
                Complex Groundwater (GW) Regulation: State environmental regulations can vary from one state to the other; however, it is typical for cleanup guidance of
                    groundwater impacts to be lengthy and more stringent.

              


      

    

    
      
        	

              	3	
                Potential Comingling: Two more RECs are identified as having subsurface impacts, as such, the impacts may have comingled making delineation efforts
                    morecomplex.

              


      

    

    
      
        	

              	4	
                Source Identification: COCs identified at the REC are disconnected from the one another. i.e., solvents are not used in underground hydraulic lift components;
                    therefore, if solvents are found in the immediate vicinity of an UHL, it is possible for the true source of impacts to be undefined.

              


      

    

    
      
        	

              	5	
                Remediation costs represent 110% of the costs referenced in the Recommendations Letters.

              


      

    

    
      
        
          	

                	–	The schedule provided above is a summary of findings based on the Phase I and II Environmental Site
                    Assessments, which incorporates all of the reports by reference, and nothing in the schedule supersedes the findings in the reports.


        

      

      
        
          	

                	–	Costs to clean up were triggered when any COC was detected above applicable State
                    remediation/screening levels based on site use.


        

      

      
        
          	

                	–	The scope of work summarized above assumes that spill reporting is required for each exceedance in
                    every state. However, reporting obligations will be re-evaluated during the SOW preparation at the onset of each project. Should reporting be deemed unnecessary, remediation will continue without the oversight of a State regulator.


        

      

      
         

      

      
         

      

       

  

   

    

  * Closing of the prior Master Lease
    Abbreviations:

    	
            ASTM

          	
            American Society for Testing and Materials

          
	
            COC

          	
            constituent of concern

          
	
            LUST

          	
            Leaking Underground Storage Tank

          
	
            NFA

          	
            No Further Action

          
	
            ND

          	
            Constituent not detected in laboratoryanalysis

          
	
            OWS

          	
            Oil Water Separator

          
	
            PCB

          	
            Polychlorinated Biphenyls

          
	
            PCE

          	
            tetrachloroethelene

          
	
            REC

          	
            Recognized Environmental Condition

          
	
            SL

          	
            Screening levels

          
	
            SRP

          	
            Site Remediation Program

          
	
            TCE

          	
            Trichloroethene

          
	
            TPH

          	
            Total Petroleum hydrocarbons

          
	
            UHL

          	
            Underground Hydraulic Lift

          
	
            UST

          	
            Underground Storage Tank

          
	
            VOC

          	
            Volatile organic compounds

          


    

    

    

    

    

    

    

    

    

    

    Schedule X Environmental Cost Estimation Summary - 5