Document:

Document

Exhibit 4a

WINNEBAGO INDUSTRIES, INC.
DESCRIPTION OF SECURITIES
 
The summary of the general terms and provisions of the capital stock of Winnebago Industries, Inc. (the “Company”) set forth below does not purport to be complete and is subject to and qualified by reference to the Company’s Amended and Restated Articles of Incorporation (as amended, the “Articles”) and Amended By-Laws (“By-Laws,” and together with the Articles, the “Charter Documents”), each of which is incorporated herein by reference and attached as an exhibit to the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. For additional information, please read the Company’s Charter Documents and the applicable provisions of the Iowa Business Corporation Act (the “IBCA”).

Authorized Shares

Under the Articles, the Company is authorized to issue (i) 120,000,000 shares of common stock, par value $.50 per share and (ii) 10,000,000 shares of preferred stock, par value $.01 per share. In 2000, the Company created a series of preferred stock designated as “Series A Preferred Stock” in connection with a shareholder rights plan. The number of shares constituting such series is 300,000. The shareholder rights plan expired in 2010, and no shares of such Series A Preferred Stock and no shares of any other preferred stock are currently outstanding. Without shareholder approval, the Company may issue preferred stock in the future in such series as may be designated by the Company’s board of directors (the “Board”). In creating any such series, the Board has the authority to fix the rights and preferences of each series with respect to, among other things, the dividend rate, redemption provisions, liquidation preferences, sinking fund provisions, conversion rights and voting rights. The terms of any series of preferred stock that the Company may issue in the future may provide the holders of such preferred stock with rights that are senior to the rights of the holders of the Company’s common stock.

Voting Rights

Each outstanding share of the Company’s common stock is entitled to one vote per share held of record on all matters submitted to a vote of shareholders and, except as otherwise required by law or in any certificate of designation creating a series of preferred stock, will vote together as a single class with the holders of any outstanding preferred stock and any other capital stock having general voting rights on all matters submitted to a vote of shareholders of the Company. At a meeting of shareholders at which a quorum is present, all questions other than the election of directors shall be decided by determining if the votes cast by shareholders favoring the action exceed the votes cast by shareholders opposing the action, unless the matter is one upon which a different vote is required by express provision of Iowa law, the New York Stock Exchange or the Charter Documents. Directors will be elected by a plurality of the votes of the shares present at a meeting at which a quorum is present. The Board has adopted a policy that, in any uncontested election of directors, if a nominee receives less than a majority of the votes cast for such nominee, then the nominee shall still be elected; provided, however, that the nominee must tender his or her resignation to the Board and the Board shall only not accept such resignation for, in its judgment, a compelling reason. Holders of shares of common stock do not have cumulative voting rights with respect to the election of directors or any other matter.
 
Dividend Rights

Holders of the Company’s common stock are entitled to receive dividends or other distributions when, as and if declared by the Board. The right of the Board to declare dividends, however, is subject to the possible prior rights of holders of preferred stock that may be issued in the future, and the availability of sufficient funds under Iowa law to pay dividends. Whenever any dividends or other distributions payable on any outstanding preferred stock are in arrears, no dividends or other distributions may be declared or paid on the common stock. 

Preemptive Rights
 
The holders of the Company’s common stock do not have preemptive rights to purchase or subscribe for any of the Company’s capital stock or other securities.

Liquidation Rights
 
In the event of any liquidation, dissolution or winding up of the Company, subject to the rights of the holders of preferred stock that may be issued in the future, the holders of shares of the Company’s common stock are entitled to receive any of its remaining assets available for distribution to the Company’s shareholders ratably in proportion to the number of shares of common stock held by them.

Listing
 
The Company’s common stock is listed on the New York Stock Exchange under the symbol “WGO.”
 
Anti-takeover Measures
1

Certain provisions of the Charter Documents and Iowa law, as well as other actions that the Company has taken, could make the Company’s acquisition by a third party, a change in its incumbent management or a similar change in control more difficult, including:

•an acquisition of the Company by means of a tender or exchange offer;
•an acquisition of the Company by means of a proxy contest or otherwise; or
•the removal of a majority or all of the Company’s incumbent officers and directors.
 
These provisions, which are summarized below, are likely to discourage certain types of coercive takeover practices and inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of the Company to first negotiate with the Board. The Company believes that these provisions help to protect its potential ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure the Company, and that this benefit outweighs the potential disadvantages of discouraging such a proposal because the Company’s ability to negotiate with the proponent could result in an improvement of the terms of the proposal. The existence of these provisions which are described below could limit the price that investors might otherwise pay in the future for the Company’s common stock. The description below is intended as a summary only and is qualified in its entirety by reference to Iowa law and the Charter Documents.

Articles of Incorporation, By-laws and Iowa Law

Authorized But Unissued Capital Stock

The Company has shares of common stock, including treasury shares, and preferred stock available for future issuance without shareholder approval, subject to any limitations imposed by the listing standards of the New York Stock Exchange. The Company may utilize these additional shares for a variety of corporate purposes, including for future public offerings to raise additional capital or facilitate corporate acquisitions or for payment as a dividend on its capital stock. The existence of unissued and unreserved common stock and preferred stock may enable the Board to issue shares to persons friendly to current management or to issue preferred stock with terms that could have the effect of making it more difficult for a third party to acquire, or could discourage a third party from seeking to acquire, a controlling interest in the Company by means of a merger, tender offer, proxy contest or otherwise. In addition, if the Company issues preferred stock, the issuance could adversely affect the likelihood that common shareholders will receive dividend payments and payments upon liquidation.

Blank Check Preferred Stock

The Board, without shareholder approval, has the authority under the Articles to issue preferred stock with rights superior to the rights of the holders of common stock. As a result, preferred stock could be issued quickly and easily, could impair the rights of holders of common stock and could be issued with terms calculated to delay or prevent a change in control or make removal of management more difficult.

Number of Directors; Removal; Filling Vacancies

The Articles provide that (i) the number of directors shall be not more than 15 and not less than three, the precise number to be determined by resolution of the Board from time to time and (ii) shareholders may remove directors only for cause. Iowa law provides that a director cannot be removed by written consent of shareholders unless written consents are obtained from the holders of all the outstanding shares entitled to vote on the removal of the director. Iowa law further provides that vacancies on the Board may be filled by the remaining directors, even if there is less than a quorum of director votes to fill such vacancy. These provisions may make it more difficult for shareholders to remove a director or fill a director vacancy.

Shareholder Action

Iowa law provides that shareholders may act outside of a meeting by written consent only if one or more written consents describing the action taken are signed by the holders of outstanding shares having not less than 90% of the votes entitled to be cast at a meeting at which all shares entitled to vote on the action were present and voted. The Company’s shareholders can only call a special shareholders’ meeting if the holders of not less than 50% of all votes entitled to be cast on any issue proposed to be considered at the proposed special meeting sign, date and deliver one or more written demands that describe the purpose or purposes for which the special meeting is to be held. These provisions may prevent shareholders from taking action outside of an annual meeting because of the ownership threshold required to call a shareholder meeting or act by written consent.

Requirements for Advance Notification of Shareholder Nominations and Proposals

The Company’s By-Laws provide that a shareholder seeking to bring business before an annual meeting of shareholders, or to nominate candidates for election as directors at an annual meeting of shareholders, must provide timely notice of this intention in writing. To be timely, a shareholder must generally deliver the notice in writing to the Corporate Secretary at the Company’s principal executive offices not less than 90 days and not more than 120 days prior to the first anniversary of the preceding year’s annual meeting, subject to certain exceptions. The By-Laws also specify requirements as to the form and content of the 
2

shareholder’s notice. These provisions could delay shareholder actions that are favored by the holders of a majority of the Company’s outstanding shares until the next annual shareholders’ meeting. 

Classified Board of Directors

The Company’s Board is divided into three classes, as nearly equal in number as is reasonably possible, serving staggered terms. One class of directors is elected at each annual meeting to serve a term of three years.  
  
Under the Articles, amendments to the staggered board provisions require the affirmative vote of the holders of 75% of all issued and outstanding shares of the Company entitled to vote thereon and voting together as a single class. The effect of a classified board of directors may be to make it more difficult to acquire control of the Company.

Iowa Business Combination Statute

The Company is subject to the provisions of Section 490.1110 of the IBCA (the “Business Combination Statute”). Under the Business Combination Statute, certain “business combinations” between an Iowa corporation whose stock is publicly traded and an “interested shareholder” (as defined in the IBCA) are prohibited for a three-year period following the date that such a shareholder became an interested shareholder, unless: (i) prior to the time the shareholder became an interested shareholder, the board of directors of the corporation approved either the business combination or the transaction which resulted in the shareholder becoming an interested shareholder; (ii) at or subsequent to the time the shareholder became an interested shareholder, the business combination is approved by the board of directors and authorized at an annual or special meeting of shareholders (which approval shall not be by written consent) by the affirmative vote of at least 66-2/3% of the outstanding voting stock which is not owned by the interested shareholder; or (iii) upon consummation of the transaction that made it an interested shareholder, the interested shareholder owned at least 85% of the voting stock of the corporation outstanding at the commencement of the transaction. The term “business combination” is defined broadly to include mergers or consolidations between an Iowa corporation and an “interested shareholder,” asset sales and other transactions with an “interested shareholder” involving the assets or stock of the corporation or its majority-owned subsidiaries, and transactions which increase an interested shareholder’s percentage ownership of stock.
3Exhibit 10.16

 

	 	
	 	 
	 	INLAND REVENUE
	 	AUTHORITY
	 	OF SINGAPORE

 

Original

 

Certificate of Stamp Duty

 

	Stamp Certificate Reference	:	033073-01LV1-1-652801520
	Stamp Certificate Issued Date	:	31/01/2020
	 

	Applicant’s Reference	:	15/1092/100000242
	Document Reference Number	:	2020011600165 ver. 1.0
	Document Description	:	Novation of Lease Between Tenants
	Date of Document	:	23/01/2020
	 	 	 

 

	Property 	:	Please refer to Annexure 1 for complete list of properties
	 

	Lessor/Landlord	: 	CHINA CLASSIC PTE LTD (UEN-LOCAL CO -199503375W)
	 	 	 
	New Tenant	:	GENIUS CENTRAL SINGAPORE PTE. LTD. (UEN-LOCAL CO - 201910580H)
	 
	Out-going Tenant	: 	ENTREPRENEUR RESORTS PTE. LTD. (UEN-LOCAL CO - 201401290W)
	 

	Stamp Duty	:	S$ 2,214.00

	Total Amount	: 	S$ 2,214.00

 

	To confirm if this Stamp Certificate is genuine, you may do an authenticity check at https://estamping.iras.gov.sg.
	 
	SXXXX694A - 31/01/2020	033073-01LV1-1-652801520
	2020011600165
	21f7118acbf4ddd3c15327908d715e31

 

    Page 1 of 2

     

    

 

	 	
	 	 
	 	INLAND REVENUE
	 	AUTHORITY
	 	OF SINGAPORE

 

Original

 

Certificate of Stamp Duty

 

	Stamp Certificate Reference	:	033073-01LV1-1-652801520
	Stamp Certificate Issued Date	:	31/01/2020

 

	Applicant’s Reference	:	15/1092/100000242
	Document Reference Number	:	2020011600165 ver. 1.0
	Document Description	:	Novation of Lease Between Tenants
	Date of Document	:	23/01/2020
	 	 	 

 

Annexure 1

 

 

List of properties

 

		1.	7 AMOY STREET #01-01, SINGAPORE 049949

		2.	8 AMOY STREET #01-01, SINGAPORE 049950

		3.	9 AMOY STREET #01-01, SINGAPORE 049951

		4.	10 AMOY STREET #01-01, SINGAPORE 049952

		5.	11 AMOY STREET #01-01, SINGAPORE 049953

		6.	12 AMOY STREET #01-01, SINGAPORE 049954

		7.	13 AMOY STREET #01-01, SINGAPORE 049955

 

	To confirm if this Stamp Certificate is genuine, you may do an authenticity check at https://estamping.iras.gov.sg.
	 
	SXXXX694A - 31/01/2020	033073-01LV1-1-652801520
	2020011600165
	21f7118acbf4ddd3c15327908d715e31

 

    Page 2 of 2

     

    

 

ORIGINAL

 

DATED THIS 23 JAN 2020

 

Between

 

CHINA CLASSIC PTE LTD

(UEN: 199503375W)

 

...Landlord

 

And

 

ENTREPRENEUR RESORTS PTE. LTD.

(UEN: 201401290W)

 

...Original Tenant

 

And

 

GENIUS CENTRAL SINGAPORE PTE. LTD.

(UEN: 201910580H)

 

...Substituted

Tenant

 

 

 

NOVATION AGREEMENT

 

 

 

     

     

    

 

1092/100000218 (“Original Tenant”)

1092/100000242 (“Substituted Tenant”)

FESSHOP-7 to 13 AMOY 01-01

 

THIS
NOVATION AGREEMENT is made on 23 JAN 2020 between:-

 

		(1)	CHINA CLASSIC PTE LTD (UEN: 199503375W), a company incorporated in Singapore and having its registered office at 14 Scotts
Road #06-00 Far East Plaza Singapore 228213 (the “Landlord”) of the first part;

 

		(2)	ENTREPRENEUR RESORTS PTE. LTD. (UEN: 201401290W), a company incorporated in Singapore and having its registered office at 3
Temasek Avenue 18-15 Centennial Tower Singapore 039190 (the “Original Tenant”) of the second part; and

 

		(3)	GENIUS CENTRAL SINGAPORE PTE. LTD. (UEN: 201910580H), a company incorporated in Singapore and having its registered office
at 3 Temasek Avenue 18-15 Centennial Tower Singapore 039190 (the “Substituted Tenant”) of the third part.

 

WHEREAS:-

 

		(A)	This Novation Agreement is supplemental to a Tenancy Agreement dated 27 June 2019 and any letters in relation to the tenancy
of the Premises (collectively known as the “Tenancy Agreement”) made between the Landlord of the one part and the Original
Tenant of the other part in respect of the premises known as:-

 

7
AMOY STREET 01-01 FAR EAST SQUARE SINGAPORE 049949,

8
AMOY STREET 01-01 FAR EAST SQUARE SINGAPORE 049950,

9
AMOY STREET 01-01 FAR EAST SQUARE SINGAPORE 049951,

10
AMOY STREET 01-01 FAR EAST SQUARE SINGAPORE 049952,

11
AMOY STREET 01-01 FAR EAST SQUARE SINGAPORE 049953,

12
AMOY STREET 01-01 FAR EAST SQUARE SINGAPORE 049954, and

13
AMOY STREET 01-01 FAR EAST SQUARE SINGAPORE 049955 (the “Premises”),

 

for the period from 1 October 2019 to 30 September 2022
(the “Term”).

 

		(B)	The Original Tenant desires to be released and discharged from the Tenancy Agreement and the Landlord, at the request of the Original
Tenant, has agreed to release and discharge the Original Tenant with effect from 1 February 2020 (the “Effective
Date”), upon the Substituted Tenant undertaking to perform and observe the Tenancy Agreement and to be bound by its terms covenants
and conditions in every way as if the Substituted Tenant has been named in the Tenancy Agreement as a party in place of the Original Tenant.

 

NOW
IT IS HEREBY AGREED as follows:-

 

		1	The Substituted Tenant undertakes to perform and observe the Tenancy Agreement and to be bound by its terms covenants and conditions
therein in every way as if the Substituted Tenant were a party to the Tenancy Agreement in lieu of the Original Tenant.

 

		2	The Landlord accepts the liability of the Substituted Tenant upon the Tenancy Agreement in lieu of the liability of the Original Tenant
as from the Effective Date and agrees to be bound by the terms of the Tenancy Agreement in every way as if the Substituted Tenant were
a party to the Tenancy Agreement in lieu of the Original Tenant (but without prejudice to any claims and demands whatsoever which the
Landlord may have against the Original Tenant).

 

 

     

     

    

 

1092/100000218 (“Original Tenant”)

1092/100000242 (“Substituted Tenant”)

FESSHOP-7 to 13 AMOY 01-01

 

	3	The Original Tenant hereby agrees and authorizes the Landlord, subject to any enforcement, deduction, set-off or forfeiture which the Landlord is entitled to under the Tenancy Agreement and the condition on the Tenant to submit to the Landlord all the Turnover Reports for each month of the Term and the statement of Gross Sales Turnover certified by an Independent Public Accountant (for the period from commencement of the Term to the Effective Date herein) under Clause 6 in the Percentage Rent Schedule of the Tenancy Agreement, to hold the Security Deposit amounting to Singapore Dollars Two Hundred Thousand and Seven Hundred and Cents Four Only (S$200,700.04) paid or the balance thereof pursuant to the provisions of the Tenancy Agreement for the account of the Substituted Tenant, and to refund without interest the Security Deposit paid or the said balance thereof to the Substituted Tenant upon the expiration or earlier determination of the Term in accordance with the provisions of the Tenancy Agreement and the Original Tenant shall from the Effective Date have no claim whatsoever against the Landlord in respect thereof. The Substituted Tenant shall pay any difference between the Security Deposit under the Tenancy Agreement and the balance thereof credited by the Landlord to the account of the Substituted Tenant as aforesaid, to the Landlord prior to the Effective Date. The refund of the Security Deposit without interest by the Landlord to the Substituted Tenant upon the expiration or earlier determination of the Term, subject to such deductions as the Landlord is entitled to make thereunder, shall be a full discharge of the Landlord's liability to the Original Tenant and the Substituted Tenant in respect of the Security Deposit.

  

		4	(a)	The Original Tenant hereby agrees to pay: -

 

		(i)	S$2,675.00 (inclusive of GST) being the non-refundable administration fee and shall issue a cheque in the name of “China
classic Pte Ltd”. The Original Tenant shall also pay any arrears and accrued interest payment up till the Effective Date; and

 

		(ii)	the stamp fee of S$2,214.00 for stamping this Novation Agreement and shall issue a cheque in the name of “Chuan Kee
Management Services Pte Ltd”,

 

on or before the Effective Date.

 

		(b)	The Substituted Tenant hereby agrees to pay a sum of S$53,687.29 (inclusive of GST) being the Fixed Rent for the period from 1 February 2020
to 29 February 2020 and shall issue a cheque in the name of “China Classic Pte Ltd” on or before the Effective
Date.

 

		5.	The Original Tenant shall ensure that the original copy of the Tenancy Agreement be delivered to the Substituted Tenant on or before
the Effective Date.

 

		6.	Neither the said release nor anything herein contained shall prejudice or affect the original reservation of Rent or the binding effect
of the several stipulations on the Premises and the persons from time to time entitled thereto or the right of the Landlord to re-enter
upon the Premises under the power of re-entry reserved to the Landlord under the Tenancy Agreement for no-payment of the Rent or breach
or non observance of any of the said covenants conditions and stipulations.

 

		7.	The Substituted Tenant hereby covenants with the Landlord as follows:-

 

		(a)	To use the Premises solely as a RESTAURANT & BAR under the business name of “GENIUS CENTRAL, SINGAPORE”,
operating in compliance with the Merchandising Plan and/or Menu set out in Annexure A and shall not deviate from such use without
the prior written consent of the Landlord.

 

		(b)	To pay the prevailing statutory Goods and Services Tax (“GST”) to be levied on such Rent and other charges reserved by
the Tenancy Agreement and such terms and conditions herein contained on the days and in the manner therein provided and to observe and
perform all the covenants conditions and stipulations therein contained and on the part of the Original Tenant to be performed and observed.

 

 

     

     

    

 

1092/100000218 (“Original Tenant”)

1092/100000242 (“Substituted Tenant”)

FESSHOP-7 to 13 AMOY 01-01

 

		(c)	To take the Premises on “as is, where is” basis. Upon vacating the Premises, all fixtures, fittings and furniture etc
including those taken over from the Original Tenant will be removed at the Substituted Tenant’s own cost and expense including making
good all damages occasioned thereby and reinstating the Premises to its original good and tenantable condition as per the Specifications
Schedule in the Tenancy Agreement.

 

		(d)	The Service Charge and/or Advertising & Promotion Fee reserved under the Tenancy Agreement shall be revisable from time to
time by the Landlord and the new rate shall be accepted by the Substituted Tenant as final and conclusive and paid by the Substituted
Tenant upon notification in writing by the Landlord.

 

		(e)	If the Rent or any other sums under the Tenancy Agreement or this Novation Agreement remains unpaid by the Substituted Tenant at the
expiration of seven (7) days after becoming payable (whether formally demanded or not) interest at 1.5% per month at daily rests
on any such unpaid amount shall accrue retrospectively from the first day of the respective month and shall be payable by the Substituted
Tenant.

 

		(f)	The Original Tenant’s covenants and conditions contained in the Tenancy Agreement shall continue in full force between the Substituted
Tenant and the Landlord (except for clause 1.3 - “Fitting Out Period” which shall not be applicable. The Tenant shall also
at its own costs comply with the provisions set out in Schedule 2 enclosed herein and it is hereby declared that henceforth the
Tenancy Agreement shall be construed and take effect as though the same had been made between the Landlord and the Substituted Tenant
as the sole Tenant.

 

		(g)	All application for approval of renovation work to the Premises to the Building Authority shall be notified and approved by the Landlord
and/or any Management Corporation (if any) in the first instance. In this respect, the Substituted Tenant must comply with all terms and
conditions stipulated by the Landlord and/or the Management Corporation (if any).

 

		(h)	All expenses incurred for any alterations and/or additions to the Premises shall be borne by the Substituted Tenant.

 

		8.	All legal cost (including the Landlord’s solicitors’ legal costs and expenses on an indemnity basis) incurred in connection
with any claim or legal proceedings which may be brought by the Landlord against the Original Tenant in connection with or arising out
of the Tenancy Agreement, shall be borne by the Substituted Tenant.

 

		9.	This Novation Agreement shall be governed by and construed in accordance with the laws of the Republic of Singapore and the parties
hereto irrevocably submit to the non-exclusive jurisdiction of the courts of Singapore.

 

		10.	Expressions which are not expressly defined herein shall have the meanings ascribed to them in the Tenancy Agreement.

 

		11.	A person who is not a party to this Novation Agreement has no right under the Contracts (Right of Third Parties) Act (Chapter 53B)
to enforce any term of this Novation Agreement.

 

 

     

     

    

 

1092/100000218 (“Original Tenant”)

1092/100000242 (“Substituted Tenant”)

FESSHOP-7 to 13 AMOY 01-01

 

IN
WITNESS WHEREOF this Novation Agreement has been signed for and on behalf of the Landlord, the Original Tenant and the Substituted
Tenant by their duly authorized representatives the day and year first above written.

 

	SIGNED by	)
	For and on behalf of	)
	CHINA CLASSIC PTE LTD	)
	(UEN: 199503375W)	)
	by its authorised signatory	)
	in the presence of:-	)

 

	 	/s/ MAVIS SEOW
	 	Name: MAVIS SEOW
	 	Designation: DIRECTOR
	 	Company Stamp: CHINA CLASSIC PTE LTD
	 	Company Registration No.: 199503375W

 

	/s/ Kuah Kian Tat	 
	Name of Witness:	Kuah
    Kian Tat	 
	Identity Card / Passport No:	87325158C	 

 

	SIGNED by	)
	For and on behalf of	)
	ENTREPRENEUR RESORTS PTE. LTD.	)
	(UEN No.: 201401290W)	)
	by its authorised signatory	)
	in the presence of:-	)

 

	 	Name:	ROGER JAMES HAMILTON
	 	Identity Card / Passport No:	86883456B
	 	Designation:	CEO
	 	Company Stamp:
	 	 

 

	/s/ [ILLEGIBLE]	 
	Name of Witness:	[ILLEGIBLE]	 
	Identity Card / Passport No:	[ILLEGIBLE]	 
	 	 	 

 

	SIGNED by	)
	For and on behalf of	)
	GENIUS CENTRAL SINGAPORE PTE. LTD,	)
	(UEN No.: 201910580H)	)
	by its authorised signatory	)
	in the presence of:-	)

 

	 	Name:	ROGER JAMES HAMILTON
	 	Identity Card / Passport No:	86883456B
	 	Designation:	DIRECTOR
	 	Company Stamp:
	 	 

 

	/s/ [ILLEGIBLE]	 
	Name of Witness:	[ILLEGIBLE]	 
	Identity Card / Passport No:	[ILLEGIBLE]	 

 

 

 

     

     

    

 

1092/100000218 (“Original Tenant”)

1092/100000242 (“Substituted Tenant”)

FESSHOP-7 to 13 AMOY 01-01

 

ANNEXURE A

 

MERCHANDISING PLAN

(to be filled in by tenant)

 

(Copy of Menu to be attached)

 

		1.	State main types of goods sold and the percentage of floor space each type may occupy and/or type of services to be rendered including
price points of goods/services (please indicate price range):

 

		a)	Cafe	-	40%	 	-$5	to	$25
		b)	Gastro Bar	-	50%	 	-$5	to	$35
		c)	Events	-	10%	 	-$68	to	$2,000
		d)	 	-	 	%	-$	 	to $
		e)	 	-	 	%	-$	 	to $

 

	2	Clientele:	 	 	 	 
	 	a) Tourists:	30	%	Locals	70%
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	b) Age Group	 	 	:	22-70
	 	 	 	 	 	 
	 	c) Income Group:	mid-market	 	:	50%
	 	 	mid to upmarket	 	:	50%
	 	 	Upmarket	 	:	 
	 	 	Others	 	:	 

 

		3	Sales Policies (eg. fixed prices, cash discounts, etc)

Fixed Prices for F&B. Discounts for Genius International
Members. Bespoke for Events.

 

	4	Seasonal Sales (if applicable)	 	 
	 	a)       Period	:	NA
	 	b)       Frequency	:	NA

 

	5	Estimated Cost of Inventor/ to be maintained
	 	$100,000 (Average 7 day stock)

 

	6	Number and Description of Staff to be [ILLEGIBLE] a normal business hours.
	 	5 Management + 12 Kitchen + 12 Service = 29

 

	7	Estimated Cost of Fitting Out:
	 	$1,000,000

 

	8	Projected Sales Turnover per month for Premises:
	 	Year 1 2020: $250,000, Year 2 2021: $350,000, Year
3 2022: $400,000

 

		9	Projected Advertising and Promotion Budget/Expenditure per annum:

		 	$50,000 per annum

 

	10	Number/Location of Shops/Outlets (existing and opening), to state all:
	 	Currently operating 3 F&B outlets in Bali and
South Africa, and 2 resorts. This will be our ore location
	 	In Singapore

 

 

     

     

    

 

1092/100000218 (“Original Tenant”)

1092/100000242 (“Substituted Tenant”)

FESSHOP-7 to 13 AMOY 01-01

 

SCHEDULE 2

 

VARIATIONS TO TENANCY

 

The terms of the Tenancy Agreement shall be amended as follows:-

 

		1	The Business Operating Hours in Schedule 1 of the Tenancy Agreement shall be deleted and replaced with the following:-

 

	 	“Business Operating Hours	:	Monday to Friday: 8.00am to 11.00pm
	 	 	 	Saturday & Sunday: 10.00am to 10.00pm”

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00335-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00335-of-00352.parquet"}]]