Document:

Master Lease dated as of May 31, 2006

 Exhibit 10.16 
 FINAL 
 MASTER LEASE 

between 

SPIRIT SPE PORTFOLIO 2006-1, LLC and SPIRIT SPE PORTFOLIO 2006-2, LLC, 

Landlord, 

and 

SHOPKO STORES OPERATING CO., LLC, 
 Tenant, 
 Dated: May 31, 2006 

  

 Glossary of Defined Terms 

 

					
	 Adjustment Date
	  	 	3	  
	 Affected Party
	  	 	60	  
	 Alteration Cap
	  	 	18	  
	 Assigned Lease
	  	 	20	  
	 Assignment or Sublease Officer’s Certificate
	  	 	24	  
	 Base Rent
	  	 	2	  
	 Building
	  	 	1	  
	 Buildings
	  	 	1	  
	 Capital Improvement
	  	 	18	  
	 Casualty Event
	  	 	27	  
	 Casualty Withholding Event
	  	 	28	  
	 CERCLA
	  	 	43	  
	 Claim
	  	 	43	  
	 Code
	  	 	23	  
	 Commencement Date
	  	 	1	  
	 Condemnation
	  	 	29	  
	 Condemnation Withholding Event
	  	 	30	  
	 Confidential Information
	  	 	58	  
	 Confidentiality Agreement
	  	 	58	  
	 Costs
	  	 	7	  
	 CPI
	  	 	54	  
	 CPI Increase
	  	 	54	  
	 Cross Default Termination Tests
	  	 	32	  
	 Default
	  	 	31	  
	 Default Interest
	  	 	53	  
	 Disclosure Parties
	  	 	58	  
	 EBITDAR
	  	 	51	  
	 EBITDAR Event
	  	 	51	  
	 EBITDAR Ratio
	  	 	51	  
	 EBITDAR Rent
	  	 	51	  
	 Effective Date
	  	 	1	  
	 Environmental Laws
	  	 	43	  
	 Exchange Act
	  	 	57	  
	 Expiration Date
	  	 	1	  
	 Extension Options
	  	 	1	  
	 Extension Period
	  	 	1	  
	 Extension Periods
	  	 	1	  
	 Fee Properties
	  	 	1	  
	 FIFRA
	  	 	43	  
	 Flood Insurance Acts
	  	 	10	  
	 Flood Insurance Policies
	  	 	10	  
	 FMV Base Rent
	  	 	61	  
	 FMV Reset
	  	 	2	  

  

					
	 Force Majeure
	  	 	53	  
	 Ground Landlord
	  	 	36	  
	 Ground Lease
	  	 	36	  
	 Hazardous Materials
	  	 	44	  
	 Holding Audited Reporting Financials
	  	 	55	  
	 Holding Reporting Financials
	  	 	55	  
	 Holding Unaudited Reporting Financials
	  	 	55	  
	 Imposition
	  	 	4	  
	 Impositions
	  	 	4	  
	 Impositions Reserve
	  	 	49	  
	 Indemnified Party
	  	 	26	  
	 Insolvency Event
	  	 	41	  
	 Installments
	  	 	4	  
	 Insurance Deductible Letter of Credit
	  	 	9	  
	 Insurance Reserve
	  	 	49	  
	 Landlord
	  	 	1, 52	  
	 Landlord Indemnified Parties
	  	 	26	  
	 Landlord Indemnified Party
	  	 	26	  
	 Landlord’s Notice
	  	 	2	  
	 Laws
	  	 	7	  
	 Lease
	  	 	1	  
	 Lease Year
	  	 	2	  
	 Leasehold Mortgage
	  	 	39	  
	 Leasehold Mortgagee
	  	 	39	  
	 Leasehold Properties
	  	 	1	  
	 Legal Requirements
	  	 	7	  
	 Letter of Credit
	  	 	51	  
	 Liability Insurance
	  	 	9	  
	 Losses
	  	 	8	  
	 MAI Appraisers
	  	 	61	  
	 Maintenance Expenses
	  	 	49	  
	 Maintenance Reserve
	  	 	49	  
	 Manage
	  	 	44	  
	 Management
	  	 	44	  
	 Material Adverse Effect
	  	 	8	  
	 Monthly Base Rent
	  	 	3	  
	 Mortgage
	  	 	36	  
	 Mortgagee
	  	 	36	  
	 NDA
	  	 	21	  
	 Net Condemnation Proceeds
	  	 	29	  
	 Net Insurance Proceeds
	  	 	27	  
	 Notice
	  	 	45	  
	 OFAC Laws
	  	 	41	  
	 Option
	  	 	67	  
	 Other Lease
	  	 	32	  
	 Other Parties
	  	 	58	  

  
 ii 

					
	 Overlandlord
	  	 	65	  
	 Overlandlords
	  	 	65	  
	 Overlease
	  	 	1	  
	 Overlease Rents
	  	 	49	  
	 Overlease Reserve
	  	 	49	  
	 Overleases
	  	 	1	  
	 Pamida
	  	 	9	  
	 Parcel
	  	 	1	  
	 Parcels
	  	 	1	  
	 Person
	  	 	41	  
	 Premises
	  	 	1	  
	 Prime
	  	 	53	  
	 Property Location
	  	 	1	  
	 RCRA
	  	 	43	  
	 REA
	  	 	15	  
	 REA Change
	  	 	15	  
	 REAs
	  	 	15	  
	 Release
	  	 	44	  
	 Released
	  	 	44	  
	 Rent
	  	 	3	  
	 Replacement Tenant
	  	 	34	  
	 Required Repairs
	  	 	17	  
	 Required Repairs Subaccount
	  	 	17	  
	 Reserve
	  	 	49	  
	 Reserve Event
	  	 	51	  
	 Reserve Period
	  	 	51	  
	 Reserve Reversal Event
	  	 	52	  
	 Reserve Subaccount Account
	  	 	49	  
	 Reserve Subaccounts
	  	 	49	  
	 Reserves
	  	 	49	  
	 Respond
	  	 	44	  
	 Response
	  	 	44	  
	 Restoration
	  	 	27	  
	 Restoration Threshold
	  	 	27	  
	 Restore
	  	 	27	  
	 S&P
	  	 	12	  
	 SEC
	  	 	55	  
	 Securities
	  	 	60	  
	 Securitization
	  	 	60	  
	 ShopKo
	  	 	9	  
	 Side-Letter Agreement
	  	 	53	  
	 Spirit
	  	 	55	  
	 Store 141
	  	 	67	  
	 Store 141 Property
	  	 	67	  
	 Substitute Property
	  	 	23	  
	 Tangible Net Worth
	  	 	20	  

  
 iii

					
	Tank Insurance	  	 	11	  
	Tenant	  	 	1, 52	  
	Tenant Audited Reporting Financials	  	 	56	  
	Tenant Indemnified Parties	  	 	26	  
	Tenant Indemnified Party	  	 	26	  
	Tenant Reporting Financials	  	 	56	  
	Tenant Unaudited Reporting Financials	  	 	56	  
	Tenant’s Mortgagee	  	 	54	  
	Tenant’s Personalty	  	 	14	  
	Term	  	 	1	  
	Terrorism Insurance	  	 	11	  
	Terrorism Insurance Cap	  	 	11	  
	Terrorism Insurance Required Amount	  	 	11	  
	Transaction	  	 	22	  
	TSCA	  	 	43	  
	Warranties	  	 	17	  

  
 iv 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	ARTICLE 1. GRANT AND TERM	  	 	1	  
	1.01	 	 Grant of Lease
	  	 	1	  
	1.02	 	 Term of Lease
	  	 	1	  
	1.03	 	 Extension Options
	  	 	1	  
	1.04	 	 Base Rent Reset
	  	 	2	  
	1.05	 	 Lease Year Defined
	  	 	2	  
		
	ARTICLE 2. RENT	  	 	2	  
	2.01	 	 Base Rent
	  	 	2	  
	2.02	 	 Manner of Payment
	  	 	3	  
	2.03	 	 Net Lease
	  	 	3	  
		
	ARTICLE 3. IMPOSITIONS	  	 	4	  
	3.01	 	 Tenant to Pay Impositions
	  	 	4	  
	3.02	 	 Receipt of Payment
	  	 	4	  
	3.03	 	 Exclusions
	  	 	5	  
	3.04	 	 Contest
	  	 	5	  
	 3.05
 3.06
	 	 Reduction of Assessed Valuation

Joinder of Landlord
	  	 
  
	6
 6
	  
   

		
	ARTICLE 4. USE; COMPLIANCE	  	 	6	  
	4.01	 	 Use
	  	 	6	  
	4.02	 	 Compliance
	  	 	6	  
		
	ARTICLE 5. UTILITIES	  	 	8	  
	5.01	 	 Payment for Utilities
	  	 	8	  
	5.02	 	 Utilities
	  	 	8	  
		
	ARTICLE 6. INSURANCE	  	 	9	  
	6.01	 	 Tenant’s Insurance
	  	 	9	  
	6.02	 	 Blanket Policy
	  	 	13	  
		
	ARTICLE 7. RETURN OF PREMISES	  	 	13	  
	7.01	 	 Surrender of Possession
	  	 	14	  
	 7.02
 7.03
	 	 Trade Fixtures and Personal Property

Survival
	  	 
  
	14
 14
	  
   

		
	ARTICLE 8. HOLDING OVER	  	 	14	  
		
	ARTICLE 9. CONDITION AND CARE OF PREMISES	  	 	14	  
	        9.01	 	 As-Is Condition
	  	 	14	  
	9.02	 	 Tenant’s Obligations
	  	 	14	  
	9.03	 	 Landlord Not Obligated
	  	 	15	  
	9.04	 	 Compliance with REA(s)
	  	 	15	  
	9.05	 	 Required Repairs
	  	 	17	  
	9.06	 	 Warranties
	  	 	17	  

  
 ii 

							
	ARTICLE 10. RIGHTS RESERVED TO LANDLORD	  	 	18	  
		
	ARTICLE 11. ALTERATIONS	  	 	18	  
	11.01	 	 Alterations
	  	 	18	  
		
	ARTICLE 12. ASSIGNMENT AND SUBLETTING	  	 	19	  
	12.01	 	 Assignment
	  	 	19	  
	12.02	 	 Change of Control
	  	 	20	  
	12.03	 	 Subletting and Non-Disturbance
	  	 	21	  
	12.04	 	 Assignment by Landlord
	  	 	22	  
	12.05	 	 Substitution
	  	 	22	  
	12.06	 	 Concessionaires
	  	 	24	  
	12.07	 	 Limits on Assignment, Subletting and Substitution
	  	 	24	  
		
	ARTICLE 13. WAIVER OF CERTAIN CLAIMS; INDEMNITY BY TENANT	  	 	25	  
	13.01	 	 Waiver of Certain Claims
	  	 	25	  
	13.02	 	 Tenant Responsible for Personal Property
	  	 	25	  
	13.03	 	 Indemnification
	  	 	25	  
		
	ARTICLE 14. USE OF CASUALTY INSURANCE PROCEEDS	  	 	26	  
	14.01	 	 Tenant’s Obligation to Restore
	  	 	27	  
	14.02	 	 No Abatement of Rent
	  	 	28	  
	14.03	 	 Right to Terminate
	  	 	28	  
	14.04	 	 Reduction of Rent
	  	 	29	  
		
	ARTICLE 15. EMINENT DOMAIN	  	 	29	  
	15.01	 	 Taking: Lease to Terminate
	  	 	29	  
	15.02	 	 Taking: Lease to Continue
	  	 	29	  
	15.03	 	 No Abatement of Rent
	  	 	30	  
	15.04	 	 Tenant’s Claim for Reimbursement
	  	 	30	  
		
	ARTICLE 16. DEFAULT	  	 	31	  
	16.01	 	 Events of Default
	  	 	31	  
	16.02	 	 Rights and Remedies of Landlord
	  	 	32	  
	16.03	 	 Final Damages
	  	 	34	  
	16.04	 	 Removal of Personal Property
	  	 	35	  
	16.05	 	 Landlord’s Default
	  	 	35	  
	16.06	 	 Attorneys’ Fees
	  	 	35	  
	16.07	 	 Tenant Waiver
	  	 	35	  
		
	ARTICLE 17. SUBORDINATION; LEASEHOLD MORTGAGE	  	 	36	  
	17.01	 	 Subordination
	  	 	36	  
	17.02	 	 Liability of Mortgagee; Attornment
	  	 	36	  
	 17.03
	 	 Tenant Leasehold Mortgage
	  	 	37	  
		
	 ARTICLE 18. MORTGAGEE PROTECTION
	  	 	40	  
		
	 ARTICLE 19. ESTOPPEL CERTIFICATE
	  	 	40	  
		
	 ARTICLE 20. REPRESENTATIONS AND WARRANTIES OF TENANT
	  	 	40	  
	         20.01
	 	 Organization, Authority and Status of Tenant
	  	 	40	  
	 20.02
	 	 Enforceability
	  	 	41	  

  
 iii

							
	20.03	 	 Property Condition
	  	 	41	  
	20.04	 	 Litigation
	  	 	41	  
	 20.05
 20.06
	 	 Compliance With OFAC Laws

Ownership
	  	 
  
	41
 41
	  
   

	 20.07
 20.08
	 	 Absence of Breaches or Defaults

Solvency
	  	 
  
	41
 41
	  
   

	20.09	 	 Licenses and Permits
	  	 	42	  
		
	ARTICLE 21. NONWAIVER	  	 	42	  
		
	ARTICLE 22. Intentionally Deleted	  	 	42	  
		
	ARTICLE 23. REAL ESTATE BROKERS	  	 	42	  
		
	ARTICLE 24. NOTICES	  	 	42	  
		
	ARTICLE 25. HAZARDOUS MATERIALS	  	 	43	  
	25.01	 	 Defined Terms
	  	 	43	  
	 25.02
 25.03
	 	 Tenant’s Obligations with Respect to Environmental Matters

Copies of Notices
	  	 
  
	44
 44
	  
   

	25.04	 	 Landlord’s Right to Inspect
	  	 	45	  
	25.05	 	 Tests and Reports
	  	 	45	  
	 25.06
 25.07
	 	 Tenant’s Obligation to Respond

Landlord’s Right to Act
	  	 
  
	45
 46
	  
   

	25.08	 	 Indemnification
	  	 	46	  
		
	ARTICLE 26. TITLE AND COVENANT AGAINST LIENS	  	 	47	  
	26.01	 	 Title and Covenant Against Liens
	  	 	47	  
		
	ARTICLE 27. EXCULPATORY PROVISIONS	  	 	48	  
		
	 ARTICLE 28. QUIET USE AND ENJOYMENT
	  	 	48	  
		
	 ARTICLE 29. CHARACTERIZATION OF LEASE
	  	 	48	  
	29.01	 	 Unseverable Lease
	  	 	48	  
	29.02	 	 Waiver
	  	 	49	  
		
	ARTICLE 30. RESERVES	  	 	49	  
	30.01	 	 Reserves
	  	 	49	  
	 30.02
 30.03
 30.04
	 	 Satisfaction of Tenant’s Obligations

Reserve Period; Maintenance Expenses

Reserve Reversal Event
	  	 
  

 
	50
 50

50
	  
   

  

	30.05	 	 Letter of Credit
	  	 	50	  
	30.06	 	 Defined Terms
	  	 	51	  
		
	ARTICLE 31. MISCELLANEOUS	  	 	52	  
	        31.01	 	 Successors and Assigns
	  	 	52	  
	31.02	 	 Modifications in Writing
	  	 	52	  
	31.03	 	 Definition of Tenant
	  	 	52	  
	31.04	 	 Definition of Landlord
	  	 	52	  
	31.05	 	 Headings
	  	 	52	  
	31.06	 	 Time of Essence
	  	 	53	  
	31.07	 	 Default Rate of Interest
	  	 	53	  

  
 iv 

							
	        31.08	  	 Severability
	  	 	53	  
	31.09	  	 Entire Agreement
	  	 	53	  
	31.10	  	 Force Majeure
	  	 	53	  
	31.11	  	 Memorandum of Lease
	  	 	53	  
	31.12 31.13	  	 No Construction Against Preparer

Waiver of Landlord’s Lien
	  	 
  
	54
 54
	  
   

	31.14	  	 Investment Tax Credits
	  	 	54	  
	31.15	  	 Signage
	  	 	54	  
	31.16	  	 Definition of CPI
	  	 	54	  
	31.17	  	 Financial Statements
	  	 	55	  
	31.18	  	 State-Specific-Provisions
	  	 	59	  
	31.19	  	 Counterparts
	  	 	59	  
	31.20	  	 Mortgagee Consent
	  	 	59	  
	31.21 31.22	  	 Waiver of Jury Trial and Certain Damages

Securitizations
	  	 
  
	60
 60
	  
   

	31.23	  	 No Merger
	  	 	61	  
	31.24	  	 Fair Market Rent
	  	 	61	  
		
	ARTICLE 32. OVERLEASES	  	 	62	  
	32.01	  	 Overleases
	  	 	62	  

  
 v 

			
	Exhibits:	  	
		
	            Exhibit A-l	  	List of Fee Properties
		
	            Exhibit A-2	  	List of Leasehold Properties
		
	            Exhibit A-3	  	Legal Description of Each Parcel
		
	            Exhibit A-4	  	List of Overleases
		
	            Exhibit B	  	Limited Rent Determination/Adjustment Formula
		
	            Exhibit C	  	Form of Estoppel Letter
		
	            Exhibit D	  	Form of Sublease Non-Disturbance Agreements
		
	            Exhibit E	  	Form of Mortgagee Non-Disturbance Agreement
		
	            Exhibit F	  	Form of Landlord Agreement
		
	            Exhibit G	  	Form of Memorandum of Lease
		
	            Exhibit H	  	State Specific Provisions
		
	            Exhibit I	  	Required Repairs
		
	            Exhibit J	  	Form Income and Expense Statement for Individual Property Location
		
	Schedules:	  	
		
	            Schedule 12.01	  	Officer’s Certificate (Assignment)
		
	            Schedule 12.03	  	Officer’s Certificate (Subletting)
		
	            Schedule 16.01(j)	  	Other Lease
		
	            Schedule 31.17(g)	  	Form of Confidentiality Agreement
		
	            Schedule 31.17(h)	  	Officer’s Certificate (Financial Reports)

  
 vi 

 MASTER LEASE 

THIS MASTER LEASE (hereinafter, this “Lease”) is made and entered into as of the 31st day of May 2006 (the “Effective Date”), by and
between SPIRIT SPE PORTFOLIO 2006-1, LLC and SPIRIT SPE PORTFOLIO 2006-2, LLC, each a Delaware limited liability company (hereinafter, collectively, “Landlord”), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability
company (hereinafter “Tenant”). 
 ARTICLE 1. 

GRANT AND TERM 
 1.01 Grant of Lease. Landlord, for and in consideration of the rents reserved herein and of the covenants and agreements contained herein on the part of Tenant to be performed, hereby leases
to Tenant, and Tenant hereby leases from Landlord, those certain parcels of land owned by Landlord in fee and listed on Exhibit A-1 attached hereto and made a part hereof (the “Fee Properties”) and those certain parcels of
land held by Landlord as the tenant under a lease, if any, in effect as of the date hereof (each such lease, an “Overlease” and collectively, the “Overleases”) and listed on Exhibit A-2 attached hereto and
made a part hereof (the “Leasehold Properties”; the Fee Properties and Leasehold Properties are each, a “Parcel” and collectively, the “Parcels” and legally described on Exhibit A-3 attached
hereto and made a part hereof and the Overleases are listed on Exhibit A-4 attached hereto and made a part hereof) and all of the buildings located on each of the Parcels (each, a “Building” and collectively the
“Buildings”) and with respect to each Parcel, all other improvements erected or situated on each such Parcel, including, but not limited to, to the extent they exist, parking areas; access roads; entrances and driveways; lighting
facilities; grass, shrubs, trees and landscaping; retaining walls; passageways, sidewalks and curbs; culverts; retention basins and drainage facilities; directional and shopping center pylons or monuments; sewer and sewage disposal systems; water
supply, electric lines; gas lines and other service and utility lines, pipes and installations of every kind (each Parcel, together with the Building and the other improvements located thereon, a “Property Location” and
collectively, the “Premises”), together with all easements (including any rights under applicable construction, operating and/or reciprocal easements agreements) over adjoining real property, rights of way, hereditaments, interests
in or to adjacent streets or alleys or other real property and all the benefits thereunto belonging and appertaining to any portion of the Premises. 
 1.02 Term of Lease. The term hereof shall commence on May 31, 2006 (the “Commencement Date”), and shall expire at 11:59 PM EST on May 31, 2026 (the
“Expiration Date”), unless earlier terminated or extended as provided in this Lease (the “Term”). 
 1.03 Extension Options. Landlord agrees that Tenant shall have, and it is hereby granted, two (2) successive options (the “Extension Options”) to extend the Term as to
any Property Location or Property Locations, in Tenant’s sole discretion, for a period of ten (10) years each (individually, an “Extension Period”, and collectively, the “Extension Periods”), each such
Extension Period to begin respectively upon the expiration of the initial Term or the prior Extension Period, as the case may be. All of the terms, covenants and provisions of this Lease shall apply to each Extension Period with respect to the
Property Locations that Tenant elects to extend, except that Base Rent (as defined in Section 2.01 below) for each of the Extension 

  

 
Periods shall continue to be adjusted pursuant to the terms of Sections 1.04 and 2.01 below, payable in equal monthly installments as Monthly Base Rent (as defined in
Section 2.01). In order to exercise the Extension Options, Tenant shall give Landlord notice of such exercise (which notice shall identify the Property Locations that are to be extended) no later than one hundred twenty (120) days
prior to the end of the initial Term of this Lease or the prior Extension Period, as the case may be; provided, however, that if Tenant shall fail to give the notice within the aforesaid time limit, Tenant’s right to exercise its option shall
nevertheless continue during said one hundred twenty (120) day period until thirty (30) days after Landlord shall have given Tenant notice of Landlord’s election to terminate such option (“Landlord’s
Notice”), and Tenant may exercise such option at any time until the expiration of said thirty (30) day period. It is the intention of the parties to avoid forfeiture of Tenant’s rights to extend the Term under any of the
options set forth in this Lease through inadvertent failure to give the extension notice within the time limits prescribed. Accordingly, if Tenant shall fail to give an extension notice to Landlord for any of the Extension Periods, and if Landlord
shall fail to give Landlord’s Notice to Tenant, then until the expiration of thirty (30) days following Landlord’s Notice, or until Tenant either exercises its option to extend or notifies Landlord that it does not intend to exercise
said option to extend, the Term shall be extended automatically from month to month upon all the terms and conditions then in effect, except that Monthly Base Rent shall be increased in accordance with Article 8, and in no event shall the
Term extend beyond the last date of the last Extension Period. Upon the failure of Tenant to exercise one or any of the options herein following Landlord’s Notice, and, in any event, upon expiration of the last of such Extension Periods, Tenant
shall have no further or additional right to renew or extend this Lease. 
 1.04 Base Rent Reset. Notwithstanding
the terms and provisions of Section 1.03, upon the commencement of each Extension Period of this Lease, the Base Rent shall be reset as determined in accordance with Section 31.24 hereof (the “FMV Reset”).
The parties shall commence the process for determining fair market rent upon Tenant’s delivery to Landlord of written notice requesting such determination; provided, however, such notice shall be delivered at least three (3) months, but in
no event earlier than eight (8) months, before the date for exercising the Extension Option for such Extension Period. The foregoing shall in no way affect the Base Rent adjustments under Section 2.01; provided, however, in the
event the commencement of an Extension Period shall occur on an Adjustment Date (as defined in Section 2.01 below), the FMV Reset shall be the only adjustment to Base Rent. 

1.05 Lease Year Defined. As used in this Lease, the term “Lease Year” shall mean
(a) if the Commencement Date is the first
(1st) day of a calendar month, the twelve
(12) month period commencing on the Commencement Date or (b) if the Commencement Date is not the first
(1st) day of a calendar month, the period commencing
on the Commencement Date and ending on the last day of the twelfth (12th ) full calendar month of the Term, and in either case, each succeeding twelve (12) month period thereafter which falls in whole or in part during the Term. 

ARTICLE 2. 

RENT 

2.01 Base Rent. Throughout the Term, Tenant shall pay to Landlord an annual base rent for the Premises (the “Base
Rent”), without notice or demand. The Base Rent for the first 

  
 2 

 
Lease Year shall be equal to Sixty Six Million Four Hundred Thirty Three Thousand One Hundred Thirty Nine and 98/100 Dollars ($66,433,139.98). Subject to Section 1.04, on June 1,
2009 and every third anniversary thereafter during the Term (the “Adjustment Date”), the Base Rent shall increase by the lesser of (a) 1.25 multiplied by the product of (i) the Base Rent in effect immediately prior to the
applicable Adjustment Date and (ii) the CPI Increase (as defined in Section 31.16) or (b) 6% of the Base Rent in effect immediately prior to the applicable Adjustment Date. Base Rent shall be payable in equal monthly
installments (hereinafter referred to as “Monthly Base Rent”), in advance, on the first (1st) day of the Term and on the first (1st) day of each calendar month thereafter of the Term. If the Term begins on any day except the first (1st) day of a calendar month or ends on any day except the last day of a calendar month, the Monthly Base Rent shall
be prorated by multiplying the Monthly Base Rent by a fraction, the numerator of which is the number of days remaining in the month (including the Effective Date) and the denominator of which is the total number of days in such month. 

2.02 Manner of Payment. Upon the Effective Date, Landlord shall deliver to Tenant a confirmation of Landlord’s account
information allowing Tenant to establish arrangements whereby payments of the Base Rent and all other amounts becoming due from Tenant to Landlord hereunder are transferred by Automated Clearing House Debit initiated by Tenant from an account
established by Tenant at a United States bank or other financial institution to such account as Landlord may designate. Tenant shall continue to pay all Base Rent by Automated Clearing House Debit unless otherwise designated from time to time by
written notice from Landlord to Tenant. 
 2.03 Net Lease. It is the intention of the parties hereto that the
obligations of Tenant hereunder shall be separate and independent covenants and agreements, that any Base Rent, Impositions and all other sums payable by Tenant hereunder (hereinafter collectively referred to as “Rent”) shall
continue to be payable in all events, and that the obligations of Tenant hereunder shall continue unaffected, unless the requirement to pay or perform the same shall have been terminated or reduced pursuant to an express provision of this Lease or
by operation of law. This is a net lease and Base Rent, Impositions, and all other items of Rent and all other sums payable hereunder by Tenant shall be paid without notice or demand, and without setoff, counterclaim, abatement, deferment, or
deduction, except as otherwise specifically set forth herein or provided by Laws (as defined in Section 4.02), and Tenant shall enforce any rights against Landlord in an independent action; provided, however, in no event shall Tenant be
liable for any interest, principal, late fees or other expenses relating to any debt incurred by Landlord or other costs incurred by Landlord in financing or refinancing the Premises. Except as provided under bankruptcy, insolvency, reorganization
or other proceeding affecting Landlord, Tenant agrees that, except as otherwise expressly provided herein, it shall not take any action to terminate, rescind or avoid this Lease notwithstanding (a) the exercise of any remedy, including
foreclosure, under any Mortgage (as defined in Section 17.01 below), (b) any action with respect to this Lease (including the disaffirmance hereof) which may be taken by Landlord under the Federal Bankruptcy Code or otherwise,
(c) a Condemnation of the Premises or any portion thereof (except as expressly provided herein), (d) the prohibition or restriction of Tenant’s use of the Premises under any Laws (as defined in Section 4.02 below), or (e)
a Casualty Event affecting the Premises or any portion thereof (except as expressly provided herein). 

  
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 ARTICLE 3. 
 IMPOSITIONS 
 3.01 Tenant to Pay Impositions. Tenant shall
pay or cause to be paid, directly to the applicable taxing authority (except as otherwise expressly set forth in Section 30.01 hereof) in a timely manner and as hereinafter provided, all of the following items, if any, to the extent that
such items arise out of the use, ownership or operation of each Property Location that accrue during the Term (each, an “Imposition” and collectively, the “Impositions”): (a) real property taxes and
assessments; (b) taxes on personal property, trade fixtures and improvements located on or relating to the Premises, whether belonging to Landlord or Tenant; (c) occupancy and rent taxes; (d) levies; (e) gross receipts, excise or
similar taxes (i.e., taxes customarily based upon gross income or receipts which fail to take into account deductions relating to any Property Location) imposed or levied upon, assessed against or measured by Base Rent or other Rent payable
hereunder, but only to the extent that such taxes would be payable if such Property Location (together with any other Property Locations owned by Landlord and subject to this Lease) were the only properties of Landlord; (f) all excise,
franchise, privilege, license, sales, value added, use and similar taxes imposed upon the Rent or other monies owed hereunder, or upon the leasehold estate of either party (other than, transfers, sales or similar taxes imposed in connection with a
direct or indirect transfer of Landlord’s leasehold estate); (g) payments in lieu of each of the foregoing, whether or not expressly so designated; (h) fines, penalties and other similar or like governmental charges applicable to any
of the foregoing and any interest or costs with respect thereto solely attributable to the acts of Tenant; and (i) any and all other federal, state, county and municipal governmental and quasi-governmental levies, assessments or taxes and
charges, general and special, ordinary and extraordinary, foreseen and unforeseen, of every kind and nature whatsoever, and any interest or costs with respect thereto, which are due and payable or accrue at any time during the Term. Each such
Imposition, or installment thereof, during the Term shall be paid before the last day the same may be paid without fine, penalty, interest or additional cost; provided, however, that if, in accordance with Laws, any Imposition may, at the option of
the taxpayer, be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition) (“Installments”), Tenant may exercise the option to pay the same in such Installments and shall be responsible for
the payment of such Installments only, provided that all such Installment payments relating to periods prior to the expiration of the Term are required to be made prior to the Expiration Date or early termination of this Lease. Notwithstanding
anything contained in this Section 3.01 to the contrary, (i) “Impositions” shall include all real property taxes and assessments which were assessed, levied or imposed or which accrued prior to the Term if payable during
the Term, and Tenant shall promptly pay such items as and when they become due and payable, and (ii) any real property taxes and assessments which accrue during the Term but become payable after the Term shall continue to be Tenant’s
obligation or responsibility to pay. 
 3.02 Receipt of Payment. Tenant shall furnish to Landlord, within thirty
(30) days after each Imposition is due, evidence reasonably satisfactory to Landlord evidencing the payment of an Imposition. Landlord and Tenant shall notify the appropriate governmental authorities to deliver bills or invoices for Impositions
directly to Tenant. Notwithstanding anything in this Lease to the contrary, if Landlord and Tenant are unable, after having made commercially reasonable efforts to do so, to cause direct billing of Impositions to Tenant’s address, and Landlord
fails to promptly (but in any event within ten (10) business days after 

  
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receipt thereof), deliver to Tenant any bill or invoice with respect to any Impositions that Landlord may receive and Tenant’s payment of such Impositions within twenty (20) business
days after receipt of the tax bill results in the imposition of interest, penalties and/or late fees, then Landlord shall be responsible for such interest, penalties and/or late fees. 

3.03 Exclusions. 
 (a) Except as provided in Section 3.03(b) hereinbelow, nothing contained in this Article 3 shall require Tenant to pay foreign, state, local or federal income, inheritance, estate,
succession, capital levy, capital stock, stamp, transfer (except transfers occurring as a result of Tenant exercising its right of substitution under Section 12.05 hereof), excess profit, revenue, gift or similar taxes of Landlord. For
these purposes, income taxes shall include (i) taxes, however labeled, determined by reference to income, and (ii) any tax, however labeled, imposed on one or more alternative bases, where one or more of such alternative bases is based on
income and the tax is in fact imposed on the income base; provided, however, that the maximum additional amount of Impositions with respect to a calendar year that Tenant may be responsible for hereunder as a result of the inclusion of “and the
tax is in fact imposed on the net income base” may not exceed $50,000. Where a tax may be imposed on one or more alternative bases, one or more of which is based on income, and it is not in fact imposed on the income base, the tax actually
imposed will be treated as an income tax hereunder to the extent of the amount that would have been imposed had the tax been imposed on an income base. 
 (b) If, at any time during the Term, a tax or excise on Base Rent or other Rent or the right to receive rents or other tax, however described, is levied or assessed against Landlord as a substitute in
whole or in part for any Impositions theretofore payable by Tenant, Tenant shall pay and discharge such tax or excise on Base Rent or other Rent or other tax before interest or penalties accrue, and the same shall be deemed to be an Imposition
levied against the Premises. 
 3.04 Contest. Tenant shall have the right to contest (in the case of any item
involving more than $10,000, after written notice to Landlord) the amount or validity, in whole or in part, of any Imposition by appropriate legal proceedings diligently conducted in good faith, at Tenant’s sole cost and expense, provided that
(a) no Default (as defined in Section 16.01 below) by Tenant has occurred and is continuing; (b) such proceeding shall be permitted under and be conducted in accordance with the provisions of any other instrument to which
Tenant is bound as a direct party and any REAs (as defined in Section 9.04 below) and Overleases and shall not constitute a default thereunder and such proceeding shall be conducted in accordance with all applicable Laws; (c) no
Property Location nor any part thereof or interest therein will be in danger of being sold, forfeited, terminated, cancelled or lost as a result of such proceedings; (d) such proceeding shall suspend the collection of such contested Imposition
from the applicable Property Location; and (e) Tenant shall furnish such security as may be required by the appropriate governmental authorities in connection with the proceeding. Upon the termination of such proceedings, it shall be the
obligation of Tenant to pay the amount of such Imposition or part thereof as finally determined in such proceedings, the payment of which may have been deferred during the prosecution of such proceedings, together with any costs, fees (including
attorneys’ fees and disbursements), interest, penalties or other liabilities in connection therewith. 

  
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 3.05 Reduction of Assessed Valuation. Subject to the provisions of
Section 3.04, Tenant shall have the right to seek a reduction in the assessed valuation of each Property Location for real property tax purposes and to prosecute any action or proceeding in connection therewith. 

3.06 Joinder of Landlord. Landlord shall join and reasonably cooperate in any proceedings referred to in Sections 3.04
and 3.05 or permit the same to be brought in its name but shall not be liable for the payment of any costs or expenses in connection with any such proceedings, and Tenant shall reimburse (as incurred) and indemnify Landlord (promptly upon
demand) for any and all costs or expenses which Landlord may sustain or incur in connection with any such proceedings. 

ARTICLE 4. 

USE; COMPLIANCE 
 4.01 Use. Tenant shall have the right to use and occupy the Premises for any retail purpose or for any other use or purpose permitted by the applicable zoning authority and otherwise by Laws
and, as applicable, any REAs or Overleases. Tenant shall have the right to cease operations for business (“go dark”) in up to ten percent (10%) of the aggregate of the (a) rentable square footage of the Premises covered by this
Lease at the time of determination, and (b) rentable square footage of the leased premises under the Other Lease at the time of determination. Notwithstanding the foregoing, (i) as to any particular Property Location, if less than fifty
percent (50%) of the rentable square footage of such Property Location is not operating for business, no portion of such Property Location shall be considered “dark”, (ii) no portion of a Property Location shall be considered
“dark” unless such Property Location is “dark” for more than twelve (12) consecutive months, (iii) no portion of a Property Location shall be considered “dark” if Tenant ceases business operations in such
Property Location in connection with a casualty, condemnation, Capital Improvement (as defined in Article 11) or Force Majeure (as defined in Section 31.10), and (iv) Tenant shall have the right to “go dark” in one
(1) distribution center and such Property Location shall not count against the ten percent (10%) limitation set forth above. Tenant shall provide Landlord with written notice of a “go dark” Property Location, and an
officer’s certificate of Tenant (1) certifying compliance with all of the square footage requirements set forth in the foregoing subsections (a), (b) and (i), and the other requirements or conditions set forth in the foregoing
subsections (ii), (iii) and (iv), and (2) attaching a schedule of square footage calculations in support thereof (provided, however, that Tenant’s failure to deliver such notice and officer’s certificate to Landlord shall not
constitute a default under this Lease). Notwithstanding the foregoing, the terms and provisions of this Lease and Tenant’s obligations hereunder (including without limitation, the payment of Base Rent and other Rent without reduction except as
set forth in Articles 14 and 15, the maintenance of insurance as required under Article 6 and Tenant’s maintenance obligations under Section 9.02) shall remain in full force and effect with respect to any Property
Location that has gone “dark”. 
 4.02 Compliance. Tenant’s use and occupation of each of the
Property Locations, and the condition thereof, shall, at Tenant’s sole cost and expense, comply fully with all Legal Requirements (defined below), and all restrictions, covenants and encumbrances of record (including any owner obligations under
such Legal Requirements), with respect to the Premises, in either event, the failure with which to comply could have a Material Adverse Effect (defined 

  
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below). Without in any way limiting the foregoing provisions, Tenant shall comply with all Legal Requirements relating to money laundering, anti-terrorism, trade embargos, economic sanctions, and
the Americans with Disabilities Act of 1990, as such act may be amended from time to time, and all regulations promulgated thereunder, as they affect the Premises now or hereafter in effect. Tenant shall comply with all Legal Requirements and
directives of governmental authorities and, upon receipt thereof, shall provide to Landlord copies of all notices, reports and other communications exchanged with, or received from, governmental authorities relating to any actual or alleged
noncompliance event, the failure of which to comply could have a Material Adverse Effect. Tenant shall also reimburse Landlord for all Costs (defined below) incurred by Landlord in evaluating the effect of such an event on the Premises and this
Lease (to the extent Tenant is not using reasonable efforts to comply with such an event and Landlord makes a reasonable and good faith determination that such evaluation is necessary), in obtaining any necessary licenses from governmental
authorities as may be necessary for Landlord to enforce its rights hereunder, and in complying with all Legal Requirements applicable to Landlord as the result of the existence of such an event, and for any penalties or fines imposed upon Landlord
as a result thereof. Tenant will use commercially reasonable efforts to prevent any act or condition to exist on or about the Premises which will materially increase any insurance rate thereon except when such acts are required in the normal course
of its business, and in any event, Tenant shall pay for such increase; provided, however, the foregoing provision shall not in any way prevent Tenant from having the right to use and occupy the Premises in accordance with Section 4.01
above. Except to the extent of Landlord’s willful wrongful acts or gross negligence (provided that the term “gross negligence” used in this Section shall not include gross negligence imputed as a matter of law to any of the Landlord
Indemnified Parties (as defined in Section 13.03(a)) solely by reason of Landlord’s interest in any Property Location or Tenant’s failure to act in respect of matters which are or were the obligation of Tenant under this
Lease), Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties from and against any and all Losses (defined below) caused by, incurred or resulting from Tenant’s failure to comply with its obligations
under this Section. 
 For purposes hereof: 
 “Costs” means all reasonable costs and expenses incurred by a Person (defined in Section 20.05 below), including, without limitation, reasonable attorneys’ fees and
expenses, court costs, expert witness fees, costs of tests and analyses, travel and accommodation expenses, deposition and trial transcripts, copies and other similar costs and fees, and appraisal fees, as the circumstances require. 

“Laws” means any constitution, statute, rule of law, code, ordinance, order, judgment, decree, injunction, rule,
regulation, policy, requirement or administrative or judicial determination, even if unforeseen or extraordinary, of every duly constituted governmental authority, court or agency, now or hereafter enacted or in effect. 

“Legal Requirements” means the requirements of all present and future Laws (including, without limitation, Environmental
Laws (defined in Section 25.01(b) below) and Laws relating to accessibility to, usability by, and discrimination against, disabled individuals), all judicial and administrative interpretations thereof, including any judicial order,
consent, decree or judgment, 

  
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and all covenants, restrictions and conditions now or hereafter of record which may be applicable to the Property Locations, or to the use, manner of use, occupancy, possession, operation,
maintenance, alteration, repair or restoration of any of the Property Locations, even if compliance therewith necessitates structural changes or improvements or results in interference with the use or enjoyment of any of the Property Locations.

 “Losses” means any and all claims, suits, liabilities (including, without limitation, strict liabilities),
actions, proceedings, obligations, debts, damages, losses, Costs, fines, penalties, interest, charges, fees, judgments, awards, amounts paid in settlement and damages of whatever kind or nature, inclusive of bodily injury and property damage to
third parties (including, without limitation, attorneys’ fees and other Costs of defense). 
 “Material Adverse
Effect” means a material adverse effect on (a) any of the Property Locations, including, without limitation, the operation of any of the Property Locations and/or the value of any of the Property Locations; (b) Tenant’s
ability to perform its obligations under this Lease; or (c) Landlord’s interests in any of the Property Locations or this Lease. 
 ARTICLE 5. 
 UTILITIES 

5.01 Payment for Utilities. Tenant will pay, when due, all such charges which accrue during the Term of every nature, kind
or description for utilities furnished to any Property Location or chargeable against any Property Location, including all charges for water, sewage, heat, gas, light, garbage, electricity, telephone, steam, power, or other public or private utility
services. Prior to commencement of the Term, Tenant shall pay for all utilities or services at any Property Location used by it or its affiliates, agents, employees or contractors. 

5.02 Utilities. Tenant shall have the right to choose and shall be responsible for contracting directly with all suppliers
of utility services. In the event that any charge or fee is required by the state in which any Property Location is located or by any agency, subdivision or instrumentality thereof, or by any utility company or other entity furnishing services or
utilities to such Property Location, as a condition precedent to furnishing or continuing to furnish utilities or services to such Property Location, such charge or fee shall be deemed to be a utility charge payable by Tenant. The provisions of this
Article 5 shall include, but shall not be limited to, any charges or fees for present or future water or sewer capacity to serve each Property Location, any charges for the underground installation of gas or other utilities or services, and
other charges relating to the extension of or change in the facilities necessary to provide each Property Location with adequate utility services. Tenant may elect to cause the separate metering of utilities to various portions of any Building. If
Tenant makes such an election, the costs of such separate metering shall be at the sole and exclusive cost of Tenant. In the event Tenant fails to pay any such charge or fee contemplated by this Section 5.02, Landlord shall have the
right, but not the obligation, to pay such charges or fees on Tenant’s behalf and Tenant shall reimburse Landlord for such utility charge upon Landlord’s demand therefor with interest accruing at the rate provided in
Section 31.07. The inability of Tenant to obtain, or any stoppage of, the utility services referred to in this Article 5 resulting from any cause (other than Landlord’s gross negligence or willful wrongful acts) shall not
make Landlord liable in any respect for damages of 

  
 8 

 
any kind to any Person, property or business, or entitle Tenant to any abatement of Rent or other relief from any of Tenant’s obligations under this Lease. 

ARTICLE 6. 

INSURANCE 

6.01 Tenant’s Insurance. 
 (a) Tenant shall obtain and maintain the following coverages for all properties at its sole cost and expense: 
 (i) “All Risk” or “Special Form” Property Insurance with a One Hundred Million Dollars ($100,000,000) per occurrence limit, with no aggregate for the peril of windstorm, tornado and
hail, on the Buildings and Tenant’s Personalty (as defined in Section 7.02) located on each Property Location, (1) in an amount equal to one hundred percent (100%) of the full replacement cost, (2) containing an
agreed amount endorsement waiving all coinsurance provisions; (3) providing for no deductible in excess of (a) One Hundred Thousand Dollars ($100,000) or (b) in the event that the Insurance Deductible Letter of Credit (defined below)
is in full force and effect, Five Hundred Thousand Dollars ($500,000); and (4) providing coverage for contingent liability from Operation of Building Laws, Demolition Costs and Increased Cost of Construction under an “Ordinance or Law
Coverage” or “Enforcement” endorsement if any of the improvements or the use of each individual Property Location shall at any time constitute legal non-conforming structures or uses. The full replacement cost shall be redetermined
from time to time (but not more frequently than once in any twenty-four (24) calendar months) at the request of Landlord by an appraiser or contractor designated and paid by Tenant and approved by Landlord, or by an engineer or appraiser in the
regular employ of the insurer and at the expense of Tenant. After the first appraisal, additional appraisals may be based on construction cost indices customarily employed in the trade. For purposes of this Section 6.01(a)(i), the term
“Insurance Deductible Letter of Credit” shall mean a letter of credit, combined for ShopKo Stores Operating Co., LLC (“ShopKo”) and Pamida Stores Operating Co., LLC (“Pamida”) so long as they
jointly procure insurance, in an amount equal to Four Hundred Thousand Dollars ($400,000.00), naming Landlord or, at Landlord’s option, its Mortgagee (as defined in Section 17.01 below) as the sole beneficiary thereof, which letter
of credit shall (A) be a transferable, clean, irrevocable, unconditional, standby letter of credit in form, substance and amount reasonably satisfactory to Landlord in its reasonable discretion, issued or confirmed by a commercial bank with a
long term debt obligation rating of “AA” or better (or a comparable long term debt obligation rating) as assigned nationally-recognized statistical rating agency, (B) be payable upon presentation of a sight draft only to the order of
Landlord or its Mortgagee at a New York City bank, (C) have an initial expiration date of not less than one (1) year and shall be automatically renewed for successive twelve (12) month periods for the Term, (D) provide for
multiple draws, and (E) be transferable by Landlord or its Mortgagee, and its successors and assigns at a New York City bank. 
 (ii) Commercial General Liability insurance (“Liability Insurance”) against liability for bodily injury and death, property damage, personal and advertising injury, liquor (to the extent
liquor is sold or manufactured on any Property Location), optometrist and druggist professional liability (to the extent optometric and pharmacy operations exist on any 

  
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Property Location) on each Property Location, such Liability Insurance (l) to be on an “occurrence” form with a combined single limit of not less than One Million Dollars ($1,000,000)
per occurrence and Two Million Dollars ($2,000,000) in the aggregate and to continue at not less than the aforesaid limit until required to be changed by Landlord in writing by reason of changed economic conditions making such protection inadequate;
and (2) to provide coverage for premises and operations, products and completed operations on an “if any” basis, independent contractors, blanket contractual liability for all written and oral contracts and contractual liability
covering the indemnities contained in this agreement. The deductible for Liability Insurance coverage shall not exceed Two Hundred Fifty Thousand Dollars ($250,000). 
 (iii) Workers’ Compensation insurance providing statutory benefits and Employers Liability insurance with a limit of at least One Million Dollars ($1,000,000) for all Persons employed by Tenant at or
in connection with each Property Location; 
 (iv) Business Interruption/Loss of Rents insurance (1) covering all risks
required to be covered by the insurance provided for in Section (i) above; (2) in an amount equal to one hundred percent (100%) of the projected gross income from each individual Property Location (on an actual loss sustained
basis) for a period continuing until the restoration of the individual Property Location is completed; the amount of such business interruption/loss of rents insurance shall be determined prior to the signing of this Lease and at least once each
year thereafter based on Tenant’s reasonable estimate of the gross earnings including one hundred percent (100%) of rent payables for the succeeding twenty-four (24) month period, and (3) containing an extended period of
indemnity endorsement which provides that after the physical loss to the Buildings, improvements or Tenant’s Personalty has been repaired, the continued loss or income will be insured until such income either returns to the same level it was at
prior to the loss, or the expiration of six (6) months from the date that the applicable individual Property Location is repaired or replaced and operations are resumed, whichever first occurs, and notwithstanding that the policy may expire
prior to the end of such period; 
 (v) Comprehensive Boiler and Machinery insurance, if applicable, in an amount equal to the
greater of Five Million Dollars ($5,000,000) or full replacement cost of the Buildings, improvements and Tenant’s Personality on terms consistent with the “All Risk” Property insurance required under subsection (i) above;

 (vi) Flood insurance, if any portion of a Building is located in an area identified by the Secretary of Housing and Urban
Development or any successor thereto as an area having special flood hazard pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended,
or any successor law (the “Flood Insurance Acts”), of the following types and in the following amounts (1) coverage under policies issued pursuant to the Flood Insurance Acts (the “Flood Insurance Policies”) in
an amount equal to the maximum limit of coverage available for the applicable individual Property Location under the Flood Insurance Acts, subject only to customary deductibles under such policies and (2) Excess Flood Insurance in an amount
equal to the greater of (x) one hundred percent (100%) of replacement cost of the Buildings (including the improvements) located in the applicable individual Property Location, or (y) Ten Million Dollars ($10,000,000) for Property
Locations outside Flood Zone A or V; 

  
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 (vii) Earthquake insurance for locations with Probable Maximum Loss percentages of 20 (PML
20%) or greater, and sinkhole and mine subsidence insurance in amounts equal to one times (lx) the probable maximum loss of each individual Property Location as determined by Landlord in its sole discretion and in form and substance
satisfactory to Landlord, provided that with the exceptions for limits and deductibles the Earthquake insurance shall be on terms consistent with the “All Risk” Property insurance under subsection (i) above: 

(viii) Umbrella Liability insurance in an amount not less than Seventy Five Million Dollars ($75,000,000) per occurrence on the forms of
Primary Commercial General Liability, Employers Liability, Optometrist Professional Liability and Druggist Professional Liability; 
 (ix) At all times during which structural construction, repairs or alterations (including Capital Improvements) are being made with respect to the Buildings and the other improvements
(1) Owner’s Contingent or Protective Liability insurance covering claims not covered by or under the terms or provisions of the insurance provided in Section (ii) above; and (2) Builders Risk insurance on a completed value
form covering against “all risks” insured against pursuant to Section (i) above shall include permission to occupy each individual Property Location, and shall contain an agreed amount endorsement waiving coinsurance
provisions; 
 (x) Insurance against terrorism, terrorist acts or similar acts of sabotage (“Terrorism
Insurance”) with coverage amounts of not less than Two Hundred Million and 00/100 Dollars ($200,000,000.00) (the “Terrorism Insurance Required Amount”). Notwithstanding the foregoing sentence, Tenant shall not be obligated
to expend more than One Hundred Fifty Thousand Dollars ($150,000), increased annually based on increases in the CPI, in any fiscal year on insurance premiums for Terrorism Insurance (the “Terrorism Insurance Cap”). If the cost of
the Terrorism Insurance Required Amount exceeds the Terrorism Insurance Cap, Tenant shall purchase the maximum amount of Terrorism Insurance available with funds equal to the Terrorism Insurance Cap; 

(xi) With respect to each Property Location on which Tenant maintains a tank for the storage of Hazardous Materials, storage tank
liability insurance that provides for corrective action, third party liability coverage, clean-up costs and defense costs at all times during the Term in an amount not less than those limits required to satisfy the financial responsibility
requirements as determined by Title 40 the Code of Federal Regulations, but in no event less than Two Million Dollars ($2,000,000) per occurrence and Four Million Dollars ($4,000,000) in the aggregate (“Tank Insurance”); and

 (xii) Such other insurance and in such amounts from time to time that Landlord or its Mortgagee may reasonably request
against such other insurable hazards which at the time are commonly insured against for property similar to each individual Property Location in or around the region in which the each individual Property Location is located. 

(b) Landlord shall be named as an “additional insured” for Liability Insurance, as an “additional named insured” and
as a “loss payee” for Property Insurance, as an 

  
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“additional insured” for Tank Insurance, and as a “loss payee” for rental value or business interruption insurance. If any Property Location shall be subject to any Mortgage
(as defined in Section 17.01), the applicable Liability Insurance shall, if required by such Mortgage, name the Mortgagee (as defined in Section 17.01) as an additional insured and the Property, Business Interruption/Loss of
Rents, Boiler and Machinery, Flood, Earthquake and Terrorism insurance shall name the Mortgagee as a “loss payee” under a standard “noncontributory mortgagee” endorsement or its equivalent. In the case of Property, Boiler and
Machinery, and Flood insurance, each policy shall contain a so-called New York standard non-contributing mortgagee clause in favor of any Mortgagee providing that the loss thereunder shall be payable to Landlord and Mortgagee, as their interests may
appear. 
 (c) All of Tenant’s insurance policies required hereunder shall be in such form and shall be issued by such
responsible companies permitted to do business in the state where the applicable Property Location is located. All such companies shall have a rating of “A” or better for financial strength claims paying ability assigned by Moody’s
Investors Service, Inc. (if Moody’s Investors Service, Inc. provides a rating for the insurer) and a rating of “A” or better assigned by Standard & Poor’s Rating Group (“S&P”), provided that if any
insurance required is provided by a syndicate of insurers, the insurers with respect to such insurance shall be acceptable if: (1) the first layer of coverage under such insurance shall be provided by carriers with a minimum financial strength
rating from S&P of “A” or better; (2) sixty percent (60%) (seventy-five percent (75%) if there are four or fewer members in the syndicate) of the aggregate limits under such policies must be provided by carriers with a
minimum financial strength rating from S&P of “A” or better; and (3) the financial strength rating from S&P for each carrier in the syndicate shall have a financial strength rating from S&P of at least “BBB”. All
policies referred to in this Lease shall be procured, or caused to be procured, by Tenant, at no expense to Landlord, and for periods of not less than one (1) year. Evidence of insurance (in form and substance reasonably acceptable to Landlord)
shall be delivered to Landlord on or before the Commencement Date and renewal evidence of insurance not less than ten (10) days prior to the date of expiration of the policies. Subject to the terms of Section 30 below, if Tenant
fails to obtain and maintain insurance coverages in accordance with this Article 6, then Landlord, at Landlord’s sole option, upon fifteen (15) days prior written notice to Tenant and Tenant’s failure to cure within said
period, may, but shall not be obligated to, procure such insurance on behalf of, and at the expense of, Tenant, and if Landlord exercises such right and expends any funds to obtain such insurance, Tenant shall reimburse Landlord for such amounts
upon demand with interest accruing at the Default Interest rate provided in Section 31.07, from the time of payment by Landlord until fully paid by Tenant immediately upon written demand therefor by Landlord. It is understood that any
such sums for which Tenant is required to reimburse Landlord shall constitute Rent under this Lease. 
 (d) Tenant shall not
carry separate insurance concurrent in form or contributing in the event of loss with that required by this Lease to be furnished by Tenant, unless Landlord and each Mortgagee is included therein as additional named insureds with any loss payable as
provided in this Lease. Tenant shall promptly notify Landlord of the carrying of any such separate insurance and shall cause evidence of the same to be delivered as required in this Lease. 

  
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 (e) Tenant shall not violate or permit to be violated any of the conditions or provisions of
any of Tenant’s insurance policies required hereunder, and Tenant shall so perform and satisfy or cause to be performed and satisfied the requirements of the companies writing such policies so that at all times companies of good standing shall
be willing to write and continue such insurance. 
 (f) Each of Tenant’s insurance policies shall contain an agreement by
the insurer that such policy shall not be cancelled or modified without at least ten (10) days’ prior written notice to Landlord and each Mortgagee, and contain clauses or endorsements to the effect that no act or negligence of Tenant, or
anyone acting for Tenant, or failure to comply with the provisions of any policy which might otherwise result in a forfeiture of the insurance or any part thereof, shall in any way affect the validity or enforceability of the insurance insofar as
Landlord is concerned. The Property Insurance shall contain a waiver of subrogation by the insurer of any right to recover the amount of any loss resulting from the acts or negligence of Landlord or its agents, employees or licensees. 

(g) Each of Landlord and Tenant hereby waives any and every claim for recovery from the other for any and all loss or damage to any
Property Location or to the contents thereof, whether such loss or damage is due to the negligence of Landlord or Tenant or their respective agents or employees, which loss or damage is insured pursuant to this Lease; provided, however, that the
foregoing waiver shall not be operative in any case where the effect thereof is to invalidate any insurance coverage of the waiving party or increase the cost of such insurance coverage. Each of Landlord and Tenant hereby waive all rights of
subrogation that they may have against each other. 
 (h) It is expressly understood and agreed that (1) if any insurance
required hereunder, or any part thereof, shall expire, be withdrawn, become void by breach of any condition thereof by Tenant, or become void or in jeopardy by reason of the failure or impairment of the capital of any insurer, Tenant shall
immediately obtain new or additional insurance reasonably satisfactory to Landlord and its Mortgagee; (2) the minimum limits of insurance coverage set forth in this Section 6.01 shall not limit the liability of Tenant for its acts
or omissions as provided in this Lease; (3) Tenant shall procure policies for all insurance for periods of not less than one year and shall provide to Landlord and any servicer or Mortgagee of Landlord certificates of insurance or, upon
Landlord’s request, duplicate originals of insurance policies evidencing that insurance satisfying the requirements of this Lease is in effect at all times; and (4) Tenant shall pay as they become due all premiums for the insurance
required by this Section 6.01. 
 6.02 Blanket Policy. Property Insurance, at the option of Tenant,
may be effected by blanket policies issued to Tenant covering the entire Premises (or any portion thereof) and other properties owned or leased by Tenant, provided that the policies otherwise comply with the provisions of this Lease. 

ARTICLE 7. 

RETURN OF PREMISES 

  
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 7.01 Surrender of Possession. At the expiration or early termination of this
Lease, Tenant shall surrender possession of the Premises to Landlord and deliver all keys to each of the Buildings to Landlord and make known to Landlord the combination of all locks of vaults then remaining in each of the Buildings, and, subject to
the following paragraph, shall return each Property Location and all equipment and fixtures of Landlord therein to Landlord in good working condition (subject to Tenant’s rights contained in Article 11 and Section 9.02),
reasonable wear and tear, casualty and condemnation excepted. 
 7.02 Trade Fixtures and Personal Property.
Tenant’s merchandise, furniture, machinery, trade fixtures, non-trade fixtures, inventory and other items of personal property of every kind and description (collectively, “Tenant’s Personalty”), shall belong to Tenant
throughout the Term, and Tenant shall have the right to remove Tenant’s Personalty from each Property Location and the obligation to restore any damage to the applicable Property Location caused thereby, such removal and restoration to be
performed prior to the end of the Term or within twenty (20) days following termination of this Lease or Tenant’s right of possession, whichever is earlier. If Tenant fails to remove such items, Landlord may do so and thereupon the
provisions of Section 16.04 shall apply. 
 7.03 Survival. All obligations of Tenant under this
Article 7 shall survive the expiration of the Term or earlier termination of this Lease. 
 ARTICLE 8. 

HOLDING OVER 
 If Tenant remains in possession of any Property Location after the expiration of the Term, Tenant, at Landlord’s option and within Landlord’s sole discretion, may be deemed a tenant on a
month-to-month basis and shall continue to pay Rent, except that Tenant shall pay Landlord one hundred twenty-five percent (125%) of the Base Rent then applicable to the final Lease Year of the Term for the period Tenant remains in possession
of such Property Location. The foregoing provisions shall not serve as permission for Tenant to holdover, nor serve to extend the Term (although Tenant shall remain bound to comply with all provisions of this Lease until Tenant vacates each Property
Location, and shall be subject to the provisions of Article 7). 
 ARTICLE 9. 

CONDITION AND CARE OF PREMISES 
 9.01 As-Is Condition. Tenant acknowledges and agrees that Tenant accepts each Property Location in “AS-IS, WHERE-IS” condition and agrees that Landlord makes no representation or
warranty as to the condition thereof. Tenant further acknowledges and agrees that, prior to the Commencement Date, Tenant or an affiliate of Tenant has been in sole and exclusive possession and control of each Property Location. 

9.02 Tenant’s Obligations. Subject to Tenant’s rights set forth in Article 11 below and this
Section 9.02, Tenant shall maintain, or cause to be maintained, in good working order each Property Location, including the Building and any other improvements located thereon, the equipment serving the Building, and the other
improvements located thereon, including, without limiting the generality of the foregoing, roofs, foundations and appurtenances to the Building, all 

  
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mechanical, electrical, plumbing, and heating, air-conditioning and ventilation systems located in or otherwise serving such Building, and all water, sewer and gas connections, pipes and mains
which service such Building which neither any public utility company nor a public authority is obligated to repair and maintain, and shall put, keep and maintain each Building, and the other improvements on such Parcel in good working order and make
all repairs therein and thereon, interior and exterior, structural and nonstructural, necessary to keep the same in good working order and to comply with all applicable Laws, howsoever the necessity or desirability therefor may occur. When used in
this Lease, the term “repairs” shall include all alterations, installations, replacements, removals, renewals and restorations, and the phrase “good working order” or “good working condition” means good working order or
good working condition, reasonable wear and tear, casualty and condemnation excepted. Notwithstanding the foregoing, (a) Tenant also shall perform common area maintenance and repairs and other duties with respect to any Property Location or any
adjoining property to the extent that Landlord is required to do so under any REAs (whereupon Tenant shall be entitled to reimbursement from any third party pursuant to any such REAs), and (b) so long as no Default has occurred and is
continuing and subject to Tenant’s obligation to maintain each Property Location in good working order as set forth above, Tenant shall not be required to make any structural or capital repairs or improvements to the Premises during the last
two (2) years of the Term. For purposes of this Section 9.02, “the last two (2) years of the Term” refers to the final years of the Term, as extended, and Tenant’s obligations to repair and maintain the Premises
will continue during the last two (2) years of the initial Term or any Extension Period for which Tenant has exercised its Extension Option. 
 9.03 Landlord Not Obligated. Landlord shall not be required to furnish any services, utilities or facilities whatsoever to the Premises, nor shall Landlord have any duty or obligation to
make any alteration, change, improvement, replacement, restoration or repair to, or to demolish, the Buildings or any other improvements presently or hereafter located on the Parcels. Tenant assumes the full and sole responsibility for the
condition, operation, repair, alteration, improvement, replacement, maintenance and management of the Premises, including any Building or any other improvements. 
 9.04 Compliance with REA(s). Notwithstanding anything to the contrary contained herein, it is expressly understood and agreed by and between Landlord and Tenant that the Property Locations
may be subject to construction, operating, development, cross easement and reciprocal easement agreements or other declarations, covenants, restrictions or easement agreements in effect as of the Effective Date, or subsequently entered into as
provided in this Section 9.04 or Article 26, in favor of an owner of adjoining property or to which Landlord is a party or which is binding on Landlord or the Premises or which is a matter of public record affecting such Property
Location or any portions thereof, or any similar agreements, as may be amended from time to time (hereinafter each referred individually as an “REA” and collectively as the “REAs”), and Tenant, for itself and any
permitted assignee or subtenant, hereby covenants and agrees to comply with, perform all obligations (whether those of Tenant or Landlord) under and not violate any provision of the REAs. Tenant shall pay or cause to be paid, in a timely manner, all
charges, costs and other obligations imposed on or with respect to the Premises or Landlord pursuant to any REAs. Neither Landlord nor Tenant shall grant or agree to any new REA affecting a Property Location or to any consents, approvals, waivers,
modifications, amendments or terminations of any REA in existence as of the Effective Date (collectively, an “REA Change”) without the prior written consent of the other party in each instance, which

  
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consent shall not be unreasonably withheld, delayed or conditioned; provided, however, with respect to the development of previously subdivided outlots owned by Tenant that are not part of the
Premises, Tenant shall have the right to consent to such outlot development on behalf of Landlord under any REA (or Landlord shall execute a consent, in form and substance reasonably satisfactory to Landlord, upon the reasonable request of Tenant)
so long as Tenant represents to Landlord that such development does not materially and adversely affect the use or operation of or access to or from the applicable Property Location and the development will not (a) cause any portion of such
Property Location to be in violation of any Legal Requirements, (b) create any liens on such Property Location, or (c) violate the terms of any document or instrument of record encumbering such Property Location, including without
limitation, any REA. In any instance in which a party requests the consent of the other party to an REA Change, the other party shall respond to such request within twenty (20) days; provided, that if there is no response within said twenty
(20) day period, consent shall be deemed to have been given upon the expiration of said twenty (20) day period. Landlord agrees that Tenant shall enjoy the access, parking, easement and right to receive services and benefits that inure to
Landlord under all REAs, concerning such access, parking, easement rights or the right to receive services thereunder. Landlord hereby grants unto Tenant the rights of enforcement and audit with respect to all of the REAs on Landlord’s behalf,
at Tenant’s sole cost and expense. If Tenant cures a default or enforces performance by the other owner or other party to an REA in accordance with an REA and in doing so spends money, or if at the time in question Tenant is performing the
common area maintenance under that REA and the adjacent owner or other party fails to pay its share of expenses, Landlord grants Tenant, to the extent granted under the REA, the right to collect reimbursement from the adjacent owner or the other
party to said REA, provided that Landlord shall have no liability to Tenant with respect to any amounts paid or costs incurred by Tenant. Landlord agrees that, upon Tenant’s request and at Tenant’s sole cost and expense, Landlord will
enforce the terms of any REAs for the benefit of Tenant. Except to the extent of Landlord’s willful wrongful acts or gross negligence (provided that the term “gross negligence” used in this Section shall not include gross negligence
imputed as a matter of law to any of the Landlord Indemnified Parties solely by reason of Landlord’s interest in any Property Location or Tenant’s failure to act in respect of matters which are or were the obligation of Tenant under this
Lease), Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties from and against any and all Losses arising from or related to a default by Tenant under the REAs, that continues beyond applicable notice and
cure periods, and any enforcement actions described in this Section. Promptly after the request of Tenant, Landlord shall execute such documents as may be reasonably requested by Tenant in connection with any REA so that to the extent permitted by
such REA, (i) Tenant is entitled to directly receive any notices under the REA (with a required copy to Landlord), (ii) Tenant, together with Landlord, is named as a co-insured under any insurance policies required to be maintained by any
other party under the REA, (iii) Tenant, together with Landlord, is afforded the benefit of all rights, easements, licenses and benefits afforded to the Property Location under the REA, and (iv) Tenant is able to directly enforce and audit
the REA and to directly exercise all rights and remedies in connection with any breach of the REA by any other party. 

  
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 9.05 Required Repairs. On the Commencement Date, Tenant shall deposit
with Landlord the sum of Four Hundred Eighty-Two Thousand Two Hundred Sixty-Five and No/00 Dollars ($482,265.00) (or deliver a Letter of Credit as defined in Section 30.06(d) in such amount, which Letter of Credit shall be held and
disbursed in the same manner as described in Section 30.05 hereof with respect to the Letter of Credit for the Required Repairs), to complete each item of the repairs relating to the Property Locations described on Exhibit I (the
“Required Repairs”) and Landlord shall hold or cause the Mortgagee to hold such amount for Tenant’s benefit in an interest-bearing account (which may be a book entry subaccount) (the “Required Repairs
Subaccount”); all interest thereon shall accrue for the benefit of Tenant. Tenant shall complete the Required Repairs at the applicable Property Location on or before the deadline for such Required Repairs as set forth in Exhibit I.
Landlord shall disburse or cause the Mortgagee to disburse the funds held in the Required Repairs Subaccount to Tenant, within fifteen (15) days after the delivery by Tenant to Landlord of a request therefor, in an amount greater than
Twenty-Five Thousand Dollars ($25,000) (or a lesser amount if the total amount in the Required Repair Subaccount is less than Twenty-Five Thousand Dollars ($25,000), in which case only one disbursement of the amount remaining in the account shall be
made), accompanied by the following items: (a) a certificate signed by an officer of Tenant: (i) stating that the Required Repair which is the subject of the requested disbursement has been completed, (ii) identifying each Person that
supplied materials or labor in connection with such Required Repairs or any portion thereof, and (iii) stating that each such Person supplying materials or labor has been or, upon receipt of the requested disbursement, will be paid in full with
respect to the portion of the Required Repairs which is the subject of the requested disbursement; (b) copies of appropriate lien waivers, to the extent applicable, or other evidence of payment reasonably satisfactory to Landlord; and
(c) if requested by Landlord’s Mortgagee, a title search for such Property Location indicating that such Property Location is free from all liens, claims and other encumbrances not previously approved by Landlord. Landlord shall be
obligated to make (or cause Mortgagee to make) disbursements from the Required Repair Subaccount with respect to a Property Location in the amount allocated for such Property Location set forth in Exhibit I (even if the cost to complete such
work is less than the amount set forth in Exhibit I) but Landlord shall not be obligated to make (or cause Mortgagee to make) disbursements in excess of the amount allocated for Property Location as set forth in Exhibit I. If Tenant
does not complete the Required Repairs at the applicable Property Location by the required deadline for such Required Repairs, then Landlord may apply such funds to completion of such Required Repairs. Upon Tenant’s completion of all Required
Repairs in accordance with this Section, Landlord shall release or cause Mortgagee to release any funds remaining in the Required Repairs Subaccount, if any, to Tenant. 
 9.06 Warranties. Landlord hereby assigns, without recourse or warranty whatsoever, to Tenant (to the extent assignable), (a) all claims against third parties for damages to the Premises
to the extent that such damages are Tenant’s responsibility to repair pursuant to the provisions of this Lease, and (b) all warranties, guaranties and indemnities, express or implied, and similar rights which Landlord may have against any
manufacturer, seller, engineer, contractor or builder in respect of any of the Property Locations, including, but not limited to, any rights and remedies existing under contract or pursuant to the Uniform Commercial Code (collectively, the
“Warranties”). Tenant shall take all commercially reasonable action necessary to preserve the rights under the Warranties assigned hereunder. Upon the occurrence of a Default and the Landlord’s exercise of its remedies under
Section 16.02 hereof or the expiration 

  
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or sooner termination of this Lease, the Warranties shall automatically revert to Landlord. The foregoing provision of reversion shall be self-operative and no further instrument of reassignment
shall be required. 
 ARTICLE 10. 
 RIGHTS RESERVED TO LANDLORD 
 Landlord reserves the right, exercisable
without notice and without liability to Tenant for damage or injury to property, Person or business and without effecting an eviction or disturbance of Tenant’s use or possession or giving rise to any claim for setoff or abatement of rent or
affecting any of Tenant’s obligations under this Lease, (a) at any time during the one hundred twenty (120) days prior to the expiration of the Term, to exhibit each Property Location at reasonable hours upon prior notice to Tenant
and giving Tenant the opportunity to have its representative accompany the group performing such exhibition, and (b) to decorate, remodel, repair, alter or otherwise prepare each Property Location for re-occupancy at any time after a Default by
Tenant under this Lease and Tenant surrenders the Premises to Landlord. 
 ARTICLE 11. 

ALTERATIONS 
 11.01 Alterations. Tenant shall have the sole and complete right and authority, without Landlord’s consent or approval but subject to the provisions contained in any REAs and Overleases
relating to alterations, to alter or change each Property Location in any way, including, without limitation, dividing each Property Location (excluding any subdivision of any land) and adding additional signage; provided that (i) Tenant gives
Landlord prior written notice of any material alterations, and (ii) at any one time Tenant may not make any proposed structural alterations to any Property Location in excess of Two Million Dollars ($2,000,000) per Lease Year, increased
annually based on increases in the CPI (as defined in Section 31.16) (the “Alteration Cap”), without Landlord’s prior written consent, which consent shall not be unreasonably, withheld, conditioned or delayed, it
being understood, however, that the refusal or failure of Landlord’s Mortgagee to grant consent (to the extent required and applicable) to the alterations shall be a reasonable basis for Landlord to withhold its consent. For the purposes of
this Lease, the term “structural” shall mean the roof, foundation or load-bearing walls of any Building. In addition, Tenant shall not demolish, replace or materially alter any structural or non-structural portions of any Building or any
other improvements located on a Property Location, or any part thereof, or make any addition thereto, whether voluntary or in connection with a repair or Restoration (as defined in Section 14.01) required by this Lease (collectively, the
“Capital Improvement”), unless Tenant shall comply with the following requirements: 
 (a) Each Capital
Improvement, when completed, shall be of such a character as not to materially reduce the value of the applicable Property Location below its value immediately before construction of such Capital Improvement was commenced; 

(b) Each Capital Improvement shall be made with reasonable diligence (subject to Force Majeure) and in a good and workmanlike manner and
in compliance with all applicable permits and authorizations and, as applicable, any of the REAs and Overleases. No Capital Improvement shall impair the safety or structural integrity of the applicable Building; 

  
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 (c) In connection with the construction of any Capital Improvement, the applicable Property
Location and the assets of Landlord shall (subject to the provisions of Article 26) at all times be free of liens for work, services, labor and materials supplied or claimed to have been supplied to the applicable Property Location;

 (d) No structural Capital Improvement shall be undertaken without obtaining the insurance required by
Section 6.01 hereof, and “all risk” builder’s risk property insurance for the full replacement cost of the subject Capital Improvement on a completed value basis; 

(e) No Capital Improvement shall be undertaken until Tenant shall have procured and paid for, insofar as the same may be required from
time to time, all permits and authorizations of all governmental authorities for such Capital Improvement. Landlord shall join in the application for such permit or authorization and cooperate with Tenant and execute any additional documents as may
be necessary to allow Tenant to complete the alterations and changes, provided it is made without cost, liability, obligation or expense to Landlord. Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties
from and against any and all Losses arising from or related to construction of any Capital Improvements and any failure to comply with the requirements in connection with a Capital Improvement as described in this Section; 

(f) All Capital Improvements shall be deemed a part of the Premises and, except as set forth in Section 7.02, belong to
Landlord at the expiration or early termination of the Term, and Tenant shall execute and deliver to Landlord such instruments as Landlord may require to evidence the ownership by Landlord of such Capital Improvements; and 

(g) Excluding Capital Improvements required as a result of any condemnation or casualty or required to comply with Legal Requirements,
the maximum costs of Capital Improvements that are not substantially complete or not fully paid for by Tenant, at any one time, shall not exceed Thirty Million Dollars ($30,000,000), increased annually based on increases in the CPI. 

Upon completion of the Capital Improvements, Tenant shall promptly provide Landlord with (1) an architect’s certificate
certifying that the Capital Improvements have been completed in conformity with the plans and specifications therefor (if the alterations are of such a nature as would customarily require the issuance of such certificate from an architect),
(2) a certificate of occupancy (if the alterations are of such a nature as would require the issuance of a certificate of occupancy under applicable Laws), and (3) any other documents or information reasonably requested by Landlord.

 ARTICLE 12. 
 ASSIGNMENT AND SUBLETTING 
 12.01 Assignment.
(a) Subject to Section 12.07 below, Tenant shall have the right to assign or transfer this Lease, either wholly or in part, or any interest hereunder, without Landlord’s consent or approval, so long as Tenant shall remain
liable under this Lease, provided that no more than ten percent (10%) of the total aggregate of the (i) rentable square footage of the Property Locations that are used for retail purposes and (ii) rentable square footage of the

  
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properties subject to the Other Lease that are used for retail purposes, are assigned to assignees that are not national or regional retailers. Upon the occurrence of any assignment:
(1) Tenant shall provide to Landlord notice thereof, along with a copy of such assignment and an officer’s certificate of Tenant, in the form attached hereto as Schedule 12.01, certifying compliance with the foregoing square footage
restrictions, together with a schedule of square footage calculations attached thereto and, if applicable, that the conditions set forth in Section 12.01(b) below have been satisfied; (2) Landlord shall enter into a separate lease
with assignee as to that portion of the Premises assigned upon substantially the same terms and conditions as this Lease (except for such provisions which by their terms are not applicable to such Premises assigned), including, without limitation,
(A) the base minimum rent per square foot of the portion of the Premises assigned is equal to or greater than the rent as determined in accordance with Exhibit B attached hereto and made a part hereof, (B) the lease term for such
assignment is at least equal to the then remaining Term, and (C) the use of the assigned portion of the Premises will not violate any Laws or REAs or Overleases; (3) (I) the cross-default provisions of
Section 16.01(j) of this Lease shall no longer apply as between this Lease and any lease of all or any portion of the Premises which has been assigned to a third party by Tenant in accordance with and pursuant to the requirements of
the provisions of this Section 12.01 (an “Assigned Lease”) and (II) no default under an Assigned Lease shall constitute a Default under this Lease and no Default under this Lease shall constitute a default under an
Assigned Lease, and (4) this Lease shall be amended to release such Property Location from this Lease and to reduce the Base Rent by the amount of the rent paid by the assignee, with all other terms and conditions of this Lease remaining in
full force and effect. 
 (b) Notwithstanding any provision contained in Section 12.01(a), but subject to the
continuing limitations set forth in Section 12.07 below, as to that portion of the Premises assigned, Tenant’s obligations under this Lease shall terminate entirely and, except for any liabilities of Tenant which accrued prior to
the date of assignment, Tenant shall be released of any liability under this Lease so long as the following conditions are met: (i) the assignee has an investment rating of “BBB” or better from Standard and Poor’s (or an
equivalent rating or shadow rating from another nationally recognized statistical rating service), or (ii) at the time of the proposed assignment, the assignee (1) has a tangible net worth as determined in accordance with generally
accepted accounting principles consistently applied (“Tangible Net Worth”) of at least Fifty Million Dollars ($50,000,000), and (2) meets or exceeds an EBITDAR Ratio (calculated on a trailing twelve (12) month basis at the
time of such test) (as defined in Section 30.06(c)) of 1.60 to 1, and (3) has an annual revenue of at least Six Hundred Million Dollars ($600,000,000), or (iii) the assignee has a Tangible Net Worth of at least Two Hundred
Fifty Million Dollars ($250,000,000); provided, however, that Tenant may satisfy any one of the foregoing conditions of assignee by providing, or causing to be provided, a guaranty agreement, in form and substance reasonably acceptable to and
approved by Landlord, in writing, such approval not to be unreasonably withheld or delayed, which guaranty shall be from an entity that meets the requirements of (i), (ii) or (iii) set forth above in this Section 12.01(b).

 12.02 Change of Control. The following transactions, transfers or changes in control or ownership of Tenant
shall not constitute an assignment under the terms of this Lease: (a) a transfer of Tenant’s entire interest in this Lease to any entity in connection with intercompany corporate transfers whose ownership is controlled by Tenant or
Tenant’s parent or ultimate parent; or (b) a transfer of Tenant’s entire interest in this Lease to any entity which has the power 

  
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to direct Tenant’s management and operation, or any entity whose management and operation is controlled by Tenant or Tenant’s parent or ultimate parent or is under common control with
Tenant or Tenant’s parent or ultimate parent; or (c) a transfer of Tenant’s entire interest in this Lease to any entity, a majority of whose voting rights are owned by Tenant or Tenant’s parent or ultimate parent; (d) a
transfer to any entity into which or with which Tenant, its successors or assigns, is merged or consolidated, in accordance with applicable statutory provisions of merger or consolidation of entities, so long as the liabilities of the entities
participating in such merger or consolidation are assumed by the entity surviving such merger or created by such consolidation; or (e) a sale of substantially all of the stock of Tenant; or (f) a sale of substantially all of the assets of
Tenant to a single entity that expressly assumes this Lease; or (g) a similar intercompany transaction to those described in (a), (b) or (c) above; or (h) a similar corporate transaction to those described in (d), (e) and
(f) above. With respect to each of the transactions described in items (a), (b), (c) and (g) above of this Section, Tenant shall remain liable under this Lease. With respect to each of the transactions described in items (d), (e),
(f) and (h) above of this Section, Tenant’s obligations under this Lease shall terminate entirely and Tenant shall be released of any liability under this Lease, except for any liabilities of Tenant which accrued prior to the date of
such transaction. 
 12.03 Subletting and Non-Disturbance. Subject to Section 12.07 below, Tenant
shall have the right to sublet any portion of the Premises, without Landlord’s consent or approval, so long as Tenant shall remain liable under this Lease and Tenant delivers notice thereof to Landlord along with a copy of any such sublease.
Upon the request of Tenant from time to time, if (a) the terms of a sublease were negotiated on an arm’s length basis with a third party not affiliated with Tenant; (b) the base minimum rent per square foot of the portion of the
Premises sublet for the term of such sublease is equal to or greater than the amount as determined in accordance with Exhibit B; (c) the terms of the sublease shall have substantially the same terms and conditions as this Lease,
including, without limitation, the same lease term, rent escalations, covenants, escrows and reserves and financial reporting requirements (except for such provisions which by their terms are not applicable to such Premises sublet); (d) the
tenant under the sublease at the time of the sublease (i) has an investment rating of “BBB” or better from Standard and Poor’s (or an equivalent rating or shadow rating from another nationally recognized statistical rating
service) or (ii) at the time of the proposed sublease, is a reputable, creditworthy tenant and meets or exceeds an EBITDAR Ratio (calculated on a trailing twelve (12) month basis at the time of such test) of 1.25 to 1; or (iii) at the
time of the proposed sublease, has a Tangible Net Worth of at least Twenty Five Million Dollars ($25,000,000), (provided, however, that Tenant may satisfy any one of the foregoing conditions of tenant under the sublease set forth in (d)(i),
(ii) or (iii) above by providing, or causing to be provided, a guaranty (in form and substance reasonably acceptable to and approved by Landlord in writing, such approval not to be unreasonably withheld or delayed) from an entity that
meets any of the foregoing requirements), (e) the sublease contains no other material provisions that (i) benefit the subtenant and are unusual for a “market” sublease of the type in question and (ii) are materially adverse
to a landlord, and (f) Tenant provides Landlord with an officer’s certificate of Tenant certifying compliance with the criteria in subsections (a) through (e), and attaching a schedule of rent calculations and other details
supporting the certifications, in the form attached hereto as Schedule 12.03, then Landlord shall execute and deliver to such subtenant a written agreement substantially in the form attached hereto as Exhibit D (an
“NDA”), to the effect that, notwithstanding the termination of this Lease or Tenant’s possessory and other rights and 

  
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obligations under this Lease by Landlord, so long as such subtenant shall continue to observe and perform all of its obligations under a sublease, such subtenant and the rights of subtenant under
any sublease shall not be disturbed by Landlord but shall continue in full force and effect, Landlord shall assume the obligations of the landlord under the sublease and the provisions of Section 16.01(j) or any other Default under this
Lease shall not apply to any such sublease. For avoidance of doubt, the payment by Tenant to a subtenant of a tenant allowance at the execution of the sublease shall not be considered unusual. In the event of a termination of this Lease, any
sublease for which a NDA has been executed and delivered by Landlord shall continue in full force and effect as a direct lease between Landlord and subtenant. Landlord agrees to execute, and to use commercially reasonable efforts to cause its
Mortgagee to execute, such documentation as may be reasonably required to effectuate the non-disturbance contemplated herein, including, without limitation, estoppel letters, recognition agreements and a non-disturbance agreement, substantially in
the form attached hereto as Exhibit D. 
 12.04 Assignment by Landlord. As a material inducement to
Landlord’s willingness to complete the transactions contemplated by this Lease (the “Transaction”), Tenant hereby agrees that Landlord may, from time to time and at any time and without the consent of Tenant, engage in all or
any combination of the following, or enter into agreements in connection with any of the following or in accordance with requirements that may be imposed by applicable securities, tax or other Laws: (a) the sale, assignment, grant, conveyance,
transfer, financing, re-financing, purchase or re-acquisition in whole, but not part, of the Premises or this Lease, Landlord’s right, title and interest in this Lease, the servicing rights with respect to any of the foregoing, or
participations in any of the foregoing, provided, however, in no event may Landlord disclose or permit the disclosure of the financial information described in Section 31.17(g) (except as otherwise provided therein) to any potential
purchaser, assignee, transferee or lender that owns or can direct the management, directly or indirectly, of five (5) or more commonly managed retail locations; or (b) a Securitization (defined in Section 31.22 below) and
related transactions. Without in any way limiting the foregoing, the parties acknowledge and agree that Landlord, in its sole discretion, may assign this Lease or any interest herein to another Person (including without limitation, a taxable REIT
subsidiary) in order to maintain Landlord’s or any of its affiliates’ status as a REIT. In the event of any such sale or assignment other than a security assignment, Tenant shall attorn to such purchaser or assignee (so long as Landlord
and such purchaser or assignee notify Tenant in writing of such transfer and such purchaser or assignee expressly assumes in writing the obligations of Landlord hereunder). At the request of Landlord, Tenant will execute such documents confirming
the sale, assignment or other transfer and such other agreements as Landlord may reasonably request, provided that the same do not increase the liabilities and obligations, or decrease the rights, of Tenant hereunder in any manner whatsoever, and
Landlord shall reimburse the reasonable costs and expenses incurred by Tenant related to the execution and delivery of such documents, provided that such costs and expenses are in excess of the costs and expenses Tenant may incur in connection with
the performance of its obligations under this Lease. Landlord shall be relieved, from and after the date of such transfer or conveyance, of liability for the performance of any obligation of Landlord contained herein, except for any obligations or
liabilities accrued prior to the date of such assignment or sale. 
 12.05 Substitution. Subject to
Section 12.07 below, Tenant shall have the right to substitute like-kind assets for the Property Locations; provided, however, that (1) Tenant shall 

  
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not have any such substitution right if the substitution of any Property Location would cause Landlord to recognize income or gain from a “prohibited transaction” as defined under
Section 857(b)(6) of the Internal Revenue Code of 1986, as the same may be amended from time to time (the “Code”) or such substituted like-kind asset is not “real property” under Section 856 of the Code, and
(2) Landlord may irrevocably elect to retain the Property Locations that Tenant requests for substitution. If Tenant elects to conduct a substitution such that another unencumbered property location or locations (the “Substitute
Property”) is substituted for a Property Location being released: 
 (a) Tenant shall reimburse Landlord for
substitution fees, costs and expenses (including without limitation, fees and expenses related to legal opinions) charged by Landlord’s Mortgagee and other out-of-pocket fees and costs reasonably and actually incurred by Landlord in connection
with such substitution; 
 (b) Subject to the requirements set forth in this Section 12.05, Landlord covenants that
it shall provide Tenant with such cooperation as Tenant may reasonably request to qualify any exercise by Tenant of a substitution right under this Section 12.05 as a transaction qualifying under Section 1031 of the Code;, provided,
however, that (i) Landlord shall not be obligated to pay, suffer or incur any additional expenses or liabilities as a result of cooperating in Tenant’s exchange and Landlord shall not be obligated to acquire any other real property in
connection with Tenant’s exchange; (ii) Landlord shall not have any liability to Tenant for failure of the exchange to qualify under the Code; (iii) except as otherwise expressly provided in this Lease, any assignment(s) made by
Tenant in connection with such exchange shall not relieve Tenant of its obligations under this Lease; and (iv) the completion of one or more tax-deferred exchanges is not a condition to the performance by Tenant of the obligations of
Tenant set forth in this Lease; and 
 (c) The substitution shall comply with the substitution requirements, if any, of
Landlord’s Mortgagee related to substitution, as well as the following: 
 (i) the Substitute Property shall be made
subject to this Lease with no decline in Base Rent or any other Rent due hereunder; 
 (ii) the appraised value of the
Substitute Property shall be equal to or greater than the appraised value of the Property Location being released (each such appraisal having been prepared within one hundred eighty (180) days prior to the release and substitution date);

 (iii) the Substitute Property shall have a store level profitability equal to or greater than the store level profitability
of the Property Location being released; 
 (iv) to the extent required by its Mortgagee, Landlord shall have obtained
(A) the written consent of its Mortgagee to such substitution, and (B) confirmation from each statistical rating agency that has assigned a rating to securities sold in any Securitization in which any loan related to a Mortgage has been
included that such Substitute Property shall not result in the downgrade, withdrawal or qualification of any securities backed by such respective loan; 

  
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 (v) no Default under this Lease has occurred and is continuing; 

(vi) the Property Location being substituted shall be released from this Lease; 

(vii) with respect to the Substitute Property, Landlord and its Mortgagee shall have received an engineering report and an environmental
report, dated not more than one hundred eighty (180) days prior to the proposed date of substitution, acceptable to Landlord and its Mortgagee; and 
 (viii) Landlord shall have received an officer’s certificate of Tenant certifying that the square footage of the Substitute Property complies with the provisions in Section 12.07 hereof,
along with square footage calculations in support thereof. 
 12.06 Concessionaires. Notwithstanding anything
herein to the contrary, Tenant shall have the right, without Landlord’s consent or approval, to sublease or license up to ten percent (10%) of the rentable square footage of each Property Location to concessionaires consistent with
Tenant’s typical store operations, including without limitation, the existing license agreement between Tenant and Payless dated July 23, 1999, as amended; provided that (a) the term of such sublease or license shall not extend beyond
the period that ends one day before the expiration of the Term; and (b) Tenant (i) gives Landlord written notice thereof, (ii) makes commercially reasonable efforts to provide to Landlord copies of any such subleases or licenses
(provided that the failure to deliver the same shall not constitute a default by Tenant under this Lease), and (iii) provides Landlord with an officer’s certificate of Tenant certifying that the foregoing square footage restrictions have
not been breached, along with a schedule of square footage calculations in support thereof attached thereto. Any sublease or licenses to concessionaires shall not count towards the limits against subletting set forth in Section 12.07
below. 
 12.07 Limits on Assignment, Subletting and Substitution. Notwithstanding anything to the contrary
contained in this Lease and without in any way eliminating or diminishing Tenant’s obligation to comply with all Legal Requirements or its obligations hereunder, (a) the maximum amount of rentable square footage in this Lease that can be
assigned, sublet or substituted in any one (1) year is limited to twenty percent (20%) of the aggregate rentable square footage of the Buildings and the maximum amount of rentable square footage in this Lease that can be assigned, sublet
or substituted over the Term is limited to thirty percent (30%) of the aggregate rentable square footage of the Buildings; provided, however that the limits set forth in this Section 12.07 shall not apply to subleases or assignments
with respect to (i) any Property Locations for which the Tenant is permitted to “go dark” pursuant to Section 4.01, or (ii) any concessionaire as described in Section 12.06, or (iii) any subleases
existing as of the Effective Date; and (b) any attempted assignment, subletting or substitution in violation of this Section 12.07 shall be deemed null and void, and of no force or effect. Furthermore, Tenant shall not have the
right to assign or sublet all or any portion of the Buildings unless Tenant shall have provided to Landlord, immediately prior to the effective date of such assignment or sublease, an officer’s certificate (the “Assignment or Sublease
Officer’s Certificate”) signed by an officer of the assignee or sublessee certifying that none of the parties identified by Landlord as a ten percent (10%) shareholder of Landlord (on a written list certified by Landlord and to be

  
 24 

 
provided to Tenant following the request of Tenant in connection with any proposed assignment or sublease) owns, directly or, to the assignee’s or sublessee’s actual knowledge after
such assignee or sublessee has made inquiry of its officer or similar person that is responsible for maintaining records regarding the direct ownership of such assignee or sublessee, indirectly, (1) ten percent (10%) or more of the total
combined voting power of all classes of voting capital stock of the assignee or sublessee, as the case may be, or (2) ten percent (10%) or more of the total value of all classes of capital stock of the assignee or sublessee, as the case
may be. Landlord shall provide the written list described in the preceding sentence within five (5) business days of written request therefore by Tenant and, in the absence of timely provision of such list, such officer’s certificate shall
be based on the latest written list delivered by Landlord to Tenant. 
 ARTICLE 13. 

WAIVER OF CERTAIN CLAIMS; INDEMNITY BY TENANT 
 13.01 Waiver of Certain Claims. Except as otherwise required under applicable law or to the extent of Landlord’s willful wrongful acts or gross negligence (provided that the term
“gross negligence” used throughout this Article 13 shall not include gross negligence imputed as a matter of law to any of the Landlord Indemnified Parties solely by reason of Landlord’s interest in any Property Location or
Tenant’s failure to act in respect of matters which are or were the obligation of Tenant under this Lease), but in all events, subject to the waiver of claims and subrogation set forth in this Lease, the Landlord Indemnified Parties shall not
in any event whatsoever (a) be liable for any injury or damage to Tenant or any third party happening in, on or about the Premises, nor for any injury or damage to the Premises or to any property belonging to Tenant (including Tenant’s
Personalty) or any third party which may be caused by any fire, breakage or other Casualty Event, or by any other cause whatsoever or by the use, misuse or abuse of any of the Buildings or any other improvements at a Property Location or which may
arise from any other cause whatsoever; nor (b) be liable to Tenant or any third party for any failure of water supply, gas, telephone or electric current, nor for any injury or damage to any property of Tenant (including Tenant’s
Personalty) or to the Premises caused by or resulting from gasoline, oil, steam, gas or electricity or hurricane, tornado, flood, wind or similar storms or disturbances, or water, rain, sleet, ice or snow which may leak or flow from the street,
sewer, gas mains or subsurface area or from any part of the Premises, or leakage of gasoline or oil from pipes, storage tanks, appliances, sewers or plumbing works therein, or from any other place or from any other cause, nor for interference with
light or other incorporeal hereditaments by anybody, or caused by any public or quasi-public work. 
 13.02 Tenant
Responsible for Personal Property. All Tenant’s Personalty and other personal property belonging to any occupant of any Property Location that is in the applicable Building or the remainder of such Property Location shall be there at
the risk of Tenant or other Person only, and Landlord shall not be liable for damage thereto or theft or misappropriation thereof. 
 13.03 Indemnification. 
 (a) Tenant agrees to use and occupy the
Premises at its own risk and hereby releases the Landlord Indemnified Parties from all claims for any damage or injury to the full 

  
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extent permitted by law. Except to the extent of Landlord’s willful wrongful acts or gross negligence and without in any way limiting Tenant’s other indemnification obligations under
this Lease (including without limitation, those set forth in Sections 9.04, 11.01(e), 25.08 and 32.01), Tenant shall (promptly as incurred or upon demand by any Landlord Indemnified Party) indemnify, save, protect, defend and hold harmless
Landlord and any agent, beneficiary, representative, contractor, manager, member, director, employee, Mortgagee, officer, director, parent, partner, shareholder, trustee, affiliate, subsidiary, participant, successors and assigns of Landlord
(collectively, with Landlord, the “Landlord Indemnified Parties”, and each, a “Landlord Indemnified Party”) from and against any and all liabilities, suits, obligations, fines, damages, penalties, claims, costs,
charges and expenses, including, without limitation, reasonable engineers’, architects’ and attorneys’ fees, court costs and disbursements, which may be imposed upon or incurred by any Landlord Indemnified Party during or after (but
attributable to a period of time falling within) the Term caused by, incurred or resulting from Tenant’s operations or by Tenant’s use and occupancy of the Premises, whether relating to its original design or construction, latent defects,
alteration, maintenance, use by Tenant or any Person thereon. 
 (b) Landlord shall indemnify, save, protect, defend and hold
harmless Tenant and any agent, beneficiary, representative, contractor, manager, member, director, employee, Leasehold Mortgagee, officer, director, parent, partner, shareholder, trustee, affiliate, subsidiary, participant, successors and assigns of
Tenant (collectively the “Tenant Indemnified Parties” and each, a “Tenant Indemnified Party”; the Tenant Indemnified Party and the Landlord Indemnified Party shall be collectively called the “Indemnified
Party”) harmless from and against any and all liabilities, suits, obligations, fines, damages, penalties, claims, costs, charges and expenses, including, without limitation, reasonable engineers’, architects’ and attorneys’
fees, court costs and disbursements, which may be imposed upon or incurred by or asserted against any Tenant Indemnified Party by reason of any willful wrongful act or gross negligence by Landlord pursuant to or in connection with this Lease or
Landlord’s repossession of the Premises. 
 (c) The obligations of Tenant and Landlord under this Article 13 shall
not be affected in any way by the absence in any case of covering insurance or by the failure or refusal of any insurance carrier to perform any obligation on its part under insurance policies affecting the Premises or any part thereof. 

(d) If any claim, action or proceeding is made or brought against any Indemnified Party against which it is indemnified pursuant to this
Section 13.03, then, upon demand by any Indemnified Party, the other party shall resist or defend such claim, action or proceedings in the Indemnified Party’s name, if necessary, by the attorneys for the insurance carrier (if such
claim, action or proceeding is covered by insurance), otherwise by such attorneys as the Indemnified Party shall approve, which approval shall not be unreasonably withheld or delayed. 

(e) The provisions of this Section 13.03 shall survive for a period of five (5) years after the Expiration Date or
earlier termination of this Lease. 
 ARTICLE 14. 
 USE OF CASUALTY INSURANCE PROCEEDS 

  
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 14.01 Tenant’s Obligation to Restore. If all or any part of the
improvements on any Property Location shall be destroyed or damaged in whole or in part by fire or other casualty (whether or not insured) of any kind or nature, ordinary or extraordinary, foreseen or unforeseen (a “Casualty
Event”), Tenant shall give Landlord prompt written notice thereof, and Tenant, with reasonable diligence (subject to Force Majeure and Section 14.03 below), shall repair, alter, restore, replace and rebuild (collectively,
“Restore” or “Restoration”) the same, as nearly as practicable to the character of the improvements on such Property Location existing immediately prior to such Casualty Event, and in no event shall Landlord be
called upon to Restore the improvements on such Property Location, as now or hereafter existing, or any portion thereof or to pay any of the costs or expenses thereof. If Tenant is required to but shall fail or neglect to Restore with reasonable
diligence (subject to Force Majeure and Section 14.03 below) the improvements on such Property Location or the portion thereof damaged or destroyed, or, having so commenced such Restoration, shall fail to complete the same with
reasonable diligence (subject to Force Majeure) in accordance with the terms of this Lease, Landlord may (but shall not be obligated to), after thirty (30) days’ prior written notice to Tenant and Tenant’s failure to commence or
re-commence such Restoration, complete such Restoration at Tenant’s expense, the costs for which Tenant shall be obligated to reimburse Landlord and until paid shall accrue Default Interest. 

In the event the insurance proceeds after deduction of any reasonable costs and expenses, if any, incurred by Tenant, Landlord or a
Mortgagee in collecting the same (collectively, “Net Insurance Proceeds”) of any Casualty Event are less than One Million Dollars ($1,000,000.00), increased annually based on increases in the CPI (the “Restoration
Threshold”), Landlord shall disburse, or cause to be disbursed, to Tenant such Net Insurance Proceeds. In the event the Net Insurance Proceeds are greater than the Restoration Threshold, Landlord shall use commercially reasonable efforts to
disburse or cause Mortgagee to disburse such Net Insurance Proceeds within ten (10) days upon Landlord being furnished with (a) evidence reasonably satisfactory to Landlord of the estimated cost of completion of the Restoration,
(b) such architect’s certificates, waivers of lien, contractor’s sworn statements, mortgagee’s title insurance endorsements, bonds, plats of survey, permits, approvals, licenses and such other documents and items as Landlord may
reasonably require and approve in Landlord’s reasonable discretion, and (c) all plans and specifications for such Restoration, such plans and specifications to be approved by Landlord prior to commencement of any work, which approval shall
not be unreasonably withheld, conditioned or delayed; provided, that, in any event, Landlord shall use commercially reasonable efforts to diligently provide or cause Mortgagee to diligently provide its written approval or disapproval (with reasons
of sufficient specificity to allow Tenant to correct the reasonable objection) following Landlord’s receipt of such plans and specifications. Landlord may, at Tenant’s reasonable expense, retain a consultant to review and approve all
requests for disbursements, which approval shall also be a condition precedent to any disbursement, which approval shall not be unreasonably withheld, conditioned or delayed; provided, that, in any event, Landlord shall use commercially reasonable
efforts to cause the consultant to diligently provide its written approval or disapproval (with reasons of sufficient specificity to allow Tenant to correct the reasonable objection) following such consultant’s and/or Landlord’s receipt of
Tenant’s request for disbursement. No payment made prior to the final completion of the Restoration shall exceed ninety percent (90%) of the value of the work performed; funds other than the Net Insurance Proceeds shall be disbursed prior
to disbursement of such Net Insurance Proceeds; and at all times, the undisbursed balance of such Net Insurance Proceeds then held by 

  
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Landlord, together with funds deposited for that purpose or irrevocably committed to the reasonable satisfaction of Landlord by or on behalf of Tenant for that purpose, shall be at least
sufficient in the reasonable judgment of Landlord to pay for the cost of completion of the Restoration, free and clear of all liens or claims for a lien. Prior to the disbursement of any portion of the Net Insurance Proceeds, Tenant shall provide
evidence reasonably satisfactory to Landlord of the payment of Restoration expenses by Tenant up to the amount of the insurance deductible applicable to such Casualty Event. Landlord shall be entitled to keep any portion of the Net Insurance
Proceeds which may be in excess of the cost of Restoration, and Tenant shall bear all additional costs and expense of such Restoration in excess of the Net Insurance Proceeds. Notwithstanding anything in this Section 14.01 to the
contrary, if, at the time of a Casualty Event, Tenant fails to meet an EBITDAR Ratio (as defined in Section 30.06(c)) of 1.15 to 1 calculated on a trailing twelve (12) month basis at the time of such test, then Landlord shall have
the right after the Casualty Event to withhold the applicable insurance proceeds for the Restoration if, at Mortgagee’s election, Mortgagee desires to apply the insurance proceeds relating to such Casualty Event to the payment of
Landlord’s Mortgage (a “Casualty Withholding Event”). Promptly upon Landlord’s receipt of notice from Mortgagee of a Casualty Withholding Event (provided that Landlord shall use commercially reasonable efforts to cause
Mortgagee to notify it as soon as possible of a decision), Landlord shall provide written notice thereof to Tenant. 
 14.02
No Abatement of Rent. Except as otherwise provided in Sections 14.03 and 14.04 below, this Lease shall not terminate, be forfeited or be affected in any manner, nor shall there be any reduction or abatement of the Rent payable
hereunder, by reason of damage to or total, substantial or partial destruction of any Building or any part thereof or the improvements on any Property Location or any part thereof, or by reason of the untenantability of the same or any part thereof,
for or due to any reason or cause whatsoever, and Tenant, notwithstanding any law or statute present or future, waives any and all rights to quit or surrender any Property Location or any part thereof; and Tenant’s obligations hereunder,
including without limitation, the payment of Rent hereunder, shall continue as though the improvements on such Property Location had not been damaged or destroyed and without abatement, suspension, diminution or reduction of any kind. 

14.03 Right to Terminate. Notwithstanding any other provision to the contrary contained in this Article 14, in the
event that, as a result of such a Casualty Event, (a) Tenant shall reasonably estimate in the exercise of good faith business judgment that (i) the applicable Property Location cannot be used for the same purpose and substantially with the
same utility as before such Casualty Event, or (ii) it will be unable to use such damaged Property Location for the customary operation of Tenant’s business for more than (1) one (1) year, or (2) one hundred twenty
(120) days if such Casualty Event has occurred in the last two (2) years of the Term or any extension of the Term, or (b) Landlord elects not to provide the insurance proceeds from any Casualty Event to Tenant in accordance with a
Casualty Withholding Event under Section 14.01, then, subject to the terms and conditions hereinafter set forth, Tenant shall have the right, exercisable by written notice given to Landlord no later than thirty (30) days following
such Casualty Event, to cause Landlord to modify this Lease to remove the damaged Property Location (and reduce the Rent pursuant to the terms of Section 14.04 below) and, following such removal, Tenant shall have no further
responsibility to Landlord with respect to such damaged Property Location, except for such indemnity or other provisions of this Lease which may relate 

  
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to such damaged Property Location. Such modification shall not be effective, and Tenant’s obligation to pay Rent hereunder shall continue, until and unless (A) Tenant has complied with
all obligations pursuant to Article 6 hereof, (B) Tenant has paid to Landlord all Rent and other amounts payable with respect to the damaged Property Location through the date of the Casualty Event, and (C) Tenant has paid or has
caused to be paid to Landlord as its interests may appear all insurance deductibles, and all insurance proceeds which shall have been paid to Tenant with respect to the destruction or damage of such Property Location and not utilized towards the
Restoration; provided, however, that Tenant shall retain those insurance proceeds in which Landlord does not have an interest including, but not limited to, Tenant’s Personalty, and ordinary payroll insurance proceeds. 

14.04 Reduction of Rent. Upon removal of a Property Location pursuant to Section 14.03 above, the Base Rent
shall be reduced by the amount as determined in accordance with Exhibit B. 
 ARTICLE 15. 

EMINENT DOMAIN 
 15.01 Taking: Lease to Terminate. If a substantial portion of a Building or a Parcel shall be lawfully taken as a result of the exercise of the power of eminent domain or condemned for a
public or quasi-public use or purpose by any competent authority or sold to the condemning authority under threat of condemnation (collectively, a “Condemnation”), and (a) Tenant reasonably estimates in the exercise of good
faith business judgment that, as a result thereof, the applicable Property Location cannot be used for the same purpose and substantially with the same utility as before such taking or conveyance or (b) Landlord elects not to provide the
Condemnation proceeds from any Condemnation to Tenant in accordance with a Condemnation Withholding Event under Section 15.02 below, Tenant shall have the right to cause Landlord to modify this Lease to remove the taken Property
Location, whereupon such removal of a Property Location the Base Rent shall be reduced by the amount as determined in accordance with Exhibit B. If this Lease is so modified pursuant to this Section 15.01, then, upon the date of
such taking of possession, Tenant shall have no further responsibility to Landlord with respect to such Property Location except for such indemnity or other provisions of this Lease which by their nature may relate to such Property Location.
Landlord shall be entitled to receive the entire Condemnation award relating to the land and improvements with respect to such taking. 
 15.02 Taking: Lease to Continue. In the event that only a part of a Property Location shall be taken as a result of a Condemnation, and Tenant reasonably estimates in the exercise of good
faith business judgment that, as a result thereof, the remainder of such Property Location can be used for the same purpose and with substantially the same utility as before such Condemnation, this Lease shall not be modified and Tenant shall
promptly repair and restore the remainder of such Property Location, subject to Force Majeure. In the event the proceeds of the Condemnation after deduction of any reasonable costs and expenses, if any, incurred by Tenant, Landlord or a Mortgagee in
collecting the same (collectively, “Net Condemnation Proceeds”) are less than the Restoration Threshold, Landlord shall disburse, or cause to be disbursed, the Net Condemnation Proceeds to Tenant. In the event the Net Condemnation
Proceeds are greater than the Restoration Threshold, Landlord shall use commercially reasonable efforts to disburse and/or cause Mortgagee to expeditiously disburse such Net Condemnation Proceeds upon Landlord

  
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being furnished with (a) evidence satisfactory to Landlord of the estimated cost of completion of the repair or restoration, (b) such architect’s certificates, waivers of lien,
contractor’s sworn statements, mortgagee’s title insurance endorsements, bonds, plats of survey, permits, approvals, licenses and such other documents and items as Landlord may reasonably require and approve in Landlord’s reasonable
discretion, and (c) all plans and specifications for such repair or restoration, such plans and specifications to be approved by Landlord prior to commencement of any work, which approval shall not be unreasonably withheld, conditioned or
delayed; provided, that, in any event, Landlord shall use commercially reasonable efforts to diligently provide or cause Mortgagee to diligently provide its written approval or disapproval (with reasons of sufficient specificity to allow Tenant to
correct the reasonable objection) following Landlord’s receipt of such plans and specifications. Landlord may, at Tenant’s reasonable expense, retain a consultant to review and approve all requests for disbursements, which approval shall
not be unreasonably withheld, conditioned or delayed; provided, that, in any event, Landlord shall use commercially reasonable efforts to cause the consultant to diligently provide its written approval or disapproval (with reasons of sufficient
specificity to allow Tenant to correct the reasonable objection) following such consultant’s and/or Landlord’s receipt of Tenant’s request for disbursement. No payment made prior to the final completion of the repair or restoration
shall exceed ninety percent (90%) of the value of the work performed; funds other than the Net Condemnation Proceeds shall be disbursed prior to disbursement of such Net Condemnation Proceeds; and at all times, the undisbursed balance of such
Net Condemnation Proceeds then held by Landlord, together with funds deposited for that purpose or irrevocably committed to the reasonable satisfaction of Landlord by or on behalf of Tenant for that purpose, shall be at least sufficient in the
reasonable judgment of Landlord to pay for the cost of completion of the repair or restoration, free and clear of all liens or claims for a lien. Landlord shall be entitled to keep any portion of the net proceeds from Condemnation which may be in
excess of the cost of the repair or restoration, and Tenant shall bear all additional costs and expense of such repair or restoration in excess of the net proceeds from Condemnation. Notwithstanding anything in this Section 15.02 to the
contrary, if, at the time of a Condemnation, Tenant fails to meet an EBITDAR Ratio of 1.15 to 1 calculated on a trailing twelve (12) month basis at the time of such test, then Landlord shall have the right after the Condemnation to withhold the
Net Condemnation Proceeds for the restoration and repair if, at Mortgagee’s election, Mortgagee desires to apply the Net Condemnation Proceeds relating to such Condemnation to the payment of Landlord’s Mortgage (a “Condemnation
Withholding Event”). Promptly upon Landlord’s receipt of notice from Mortgagee of a Condemnation Withholding Event (but not later than thirty (30) days after the Condemnation), Landlord shall provide written notice thereof to
Tenant. 
 15.03 No Abatement of Rent. Except as otherwise provided in Section 15.01, this Lease shall
not terminate, be forfeited or be affected in any manner, nor shall there be any reduction or abatement of the Rent payable hereunder, by reason of any Condemnation of any Property Location or any part thereof, or by reason of the untenantability of
the same or any part thereof, for or due to any reason or cause whatsoever. 
 15.04 Tenant’s Claim for
Reimbursement. Notwithstanding anything to the contrary in this Article 15, to the extent permitted by law, (a) Tenant shall be allowed, at its sole cost and expense, to pursue a claim against the condemning authority that shall
be independent of and wholly separate from any action, suit or proceeding relating to any award to Landlord for reimbursement of Tenant’s leasehold interest, relocation expenses or for Tenant’s Personalty;

  
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and (b) Tenant and any Tenant Mortgagee shall have the right to participate, at their sole cost and expense, in any Condemnation proceeding affecting a Property Location or any Buildings
thereon; provided that such claim, award or participation does not adversely affect or interfere with the prosecution of Landlord’s claim for the Condemnation or otherwise reduce the amount recoverable by Landlord for the Condemnation.

 ARTICLE 16. 
 DEFAULT 
 16.01 Events of Default. The occurrence of any one
or more of the following matters constitutes a default (each, a “Default”) by Tenant under this Lease: 
 (a)
Failure by Tenant to pay any Rent within two (2) business days after written notice of failure to pay the same on the due date; provided, however, that Landlord shall only be obligated to provide such written notice and the two
(2) business day cure period shall only be available twice every twelve (12) month period; 
 (b) Failure by Tenant to
pay, within 5 (five) business days after written notice of (i) demand by Landlord therefor to the extent such monies are due and payable, or (ii) Tenant’s failure to pay the same on the due date, of any other monies required to be
paid by Tenant under this Lease, including without limitation, the failure by Tenant to pay, prior to delinquency, any Impositions, the failure of which to pay could result in the imposition of a lien against any Property Location; 

(c) Failure by Tenant to observe or to perform any other material covenant, agreement, condition or provision of this Lease, if such
failure continues for thirty (30) days after written notice thereof from Landlord to Tenant or such longer time as may be reasonably required to cure because of the nature of the default (provided Tenant shall have undertaken procedures to cure
the default within such thirty (30) day period and thereafter diligently pursue such effort to completion) provided, however, that the foregoing notice obligation and cure period shall not be applicable where Tenant’s failure to observe or
to perform any other material covenant agreement, condition or provision of this Lease relates to (i) Tenant’s payment of Rent or any other monetary obligation hereunder, or (ii) a condition that would place the Premises in immediate
physical jeopardy or in immediate jeopardy of being forfeited or lost; 
 (d) Intentionally deleted; 

(e) The levy upon, under writ of execution or the attachment by legal process of, the leasehold interest of Tenant or any Property
Location, or the filing or creation of a lien with respect to such leasehold interest or any Property Location, which lien shall not be released or discharged within ninety (90) days from the date of Landlord’s written request to release
or discharge such filing; 
 (f) The insolvency of Tenant or Tenant’s admission in writing of its inability to pay its
debts as they mature, or Tenant’s making an assignment for the benefit of creditors, or applying for or consenting to the appointment of a trustee or receiver for Tenant or for the major part of its property; 

  
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 (g) The appointment of a trustee or receiver for Tenant or for the major part of its
property which is not discharged within one hundred fifty (150) days after such appointment; 
 (h) The institution of any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings for relief under any bankruptcy law, or similar law for the relief of debtors (i) by Tenant or (ii) against Tenant and which are allowed
against it or are consented to by it or are not dismissed within one hundred fifty (150) days after such institution; 

(i) A final, nonappealable judgment is rendered by a court against Tenant which would render Tenant insolvent and is not discharged or
provision made for such discharge by the earlier of (i) one hundred twenty (120) days from the date of entry thereof, or (ii) execution or levy thereon; 
 (j) A monetary “Default” or monetary event of default by the tenant under the lease dated of even date herewith listed on Schedule 16.01(j) attached hereto (the “Other
Lease”) that is not cured within the applicable notice and grace periods set forth in the Other Lease; provided however, this Section 16.01(j) shall be terminated and null and void and shall no longer apply as a potential
Default under this Lease if (i) the EBITDAR Ratio calculated on a trailing twelve (12) month basis at the time of such test, is at least 1.50 to 1 for Pamida Stores Operating Co., LLC and 1.30 to 1 for ShopKo Stores Operating Co., LLC,
each on a stand alone basis, and (ii) the EBITDAR Ratio of the consolidated combined Pamida and ShopKo entities calculated on a trailing twelve (12) month basis at the time of such test is at least 1.50 to 1
(collectively, the “Cross Default Termination Tests”). Tenant shall have the right to perform the Cross Default Termination Tests at any time and upon satisfaction of the Cross Default Termination Tests, Landlord shall confirm in
writing that such tests have been satisfied and this Section 16.01(j) shall be terminated and null and void and no longer a potential Default under this Lease; 
 (k) A default under or a breach of the terms and provisions of any Overlease with respect to the tenant thereunder (after expiration of all applicable cure periods) caused by Tenant; or 

(1) The failure by Tenant to observe or to perform any obligation set forth in Section 31.17 after the expiration of any
applicable cure periods set forth in such Section. 
 16.02 Rights and Remedies of Landlord. If a Default occurs,
Landlord shall have the rights and remedies hereinafter set forth, which shall be distinct, separate and cumulative and which shall not operate to exclude or deprive Landlord of any other right or remedy allowed it by law or equity: 

(a) Landlord, upon ten (10) days additional prior notice to Tenant (during which time Tenant may cure the Default) with respect to
any Default set forth in Sections 16.01(b) through (k) (expressly excluding Sections 16.01(a) and (1) for which no additional notice shall be required), may terminate this Lease with respect to each and every Property
Location by giving to Tenant notice of Landlord’s election to do so, in which event the Term shall end, and all rights, title and interest of Tenant hereunder shall expire, on the date stated in such notice; provided, however, that Landlord
shall only be obligated to provide such additional 

  
 32 

 
written notice and the ten (10) day cure period shall be available only twice every twelve (12) months; 
 (b) Landlord, upon ten (10) days additional prior notice to Tenant (during which time Tenant may cure the Default) with respect to any Default set forth in Sections 16.01(b) through
(k) (expressly excluding Sections 16.01(a) and (1) for which no additional notice shall be required), may terminate the right of Tenant to possession with respect to each and every Property Location without terminating this
Lease by giving notice to Tenant that Tenant’s right of possession shall end on the date stated in such notice, whereupon the right of Tenant to possession of the applicable Property Location or any part thereof shall cease on the date stated
in such notice; provided, however that Landlord shall only be obligated to provide such additional written notice and the ten (10) day cure period shall be available only twice every twelve (12) months; 

(c) Landlord may, to the extent not prohibited by applicable Laws and subject to Section 31.13, (i) re-enter and take
possession of the Premises (or any part thereof), any or all of Tenant’s Personalty upon the Premises and, to the extent permissible, all permits and other rights or privileges of Tenant pertaining to the general use and operation of the
Premises, but excluding any permits or other rights and privileges that are specific to the use and operation of Tenant’s business upon the Premises, and (ii) expel Tenant and those claiming under or through Tenant, without being deemed
guilty in any manner of trespass or becoming liable for any loss or damage resulting therefrom, without resort to legal or judicial process, procedure or action. No notice from Landlord hereunder or under a forcible entry and detainer statute or
similar law shall constitute an election by Landlord to terminate this Lease unless such notice specifically so states. If Tenant shall, after default, voluntarily give up possession of the Premises to Landlord, deliver to Landlord or its agents the
keys to the Premises, or both, such actions shall be deemed to be in compliance with Landlord’s rights and the acceptance thereof by Landlord or its agents, and shall not be deemed to constitute a termination of this Lease. Landlord reserves
the right following any re-entry and/or reletting to exercise its right to terminate this Lease by giving Tenant written notice thereof, in which event this Lease will terminate; 

(d) Except for a Default pursuant to Section 16.01(1), Landlord may bring an action against Tenant for any damages sustained
by Landlord or any equitable relief available to Landlord in connection with enforcing its rights under this Article 16; 

(e) Landlord may relet the Premises or any part thereof for such term or terms (including a term which extends beyond the original Lease
Term), at such rentals and upon such other terms as Landlord, in its reasonable discretion, may determine, with all proceeds received from such reletting being applied to the Rent due from Tenant in such order as Landlord may, in it sole discretion,
determine, which may include, without limitation, all repossession costs, brokerage commissions, attorneys’ fees and expenses, alteration, remodeling and repair costs and expenses of preparing for such reletting, all of which costs shall be
reasonable and customary. Landlord reserves the right following any re-entry and/or reletting to exercise its right to terminate this Lease by giving Tenant written notice thereof, in which event this Lease will terminate as specified in said
notice. Landlord agrees to use commercially reasonable efforts to mitigate any damages resulting from a Default of Tenant; provided, however, that Landlord’s obligation to so mitigate shall be satisfied in full and deemed reasonable if Landlord
undertakes 

  
 33 

 
to lease each Property Location to another tenant (a “Replacement Tenant”) in accordance with the following criteria: 

(i) Landlord shall not be obligated to lease a Property Location to a Replacement Tenant under terms or conditions that are unacceptable
to Landlord under Landlord’s then current leasing policies for comparable space in the same market area as the applicable Property Location, if any; 
 (ii) Landlord shall not be obligated to enter into a lease with any proposed Replacement Tenant which does not have, in Landlord’s reasonable opinion, sufficient financial resources or operating
experience to operate the Premises; and 
 (iii) Landlord shall not be required to expend any amount of money to alter, remodel
or otherwise make the Premises suitable for use by a proposed substitute Tenant unless: (1) Tenant pays any such sum to Landlord in advance of Landlord’s execution of a substitute lease with such tenant (which payment shall not be in lieu
of Rent or any damages or other sums to which Landlord may be entitled as a result of Tenant’s Default under this Lease); and (2) Landlord, in Landlord’s sole discretion, determines that any such expenditure is financially justified
in connection with entering into any such substitute lease. 
 (f) Except for a Default pursuant to
Section 16.01(1), Landlord may recover from Tenant all reasonable actual out-of-pocket costs and expenses paid or incurred by Landlord as a result of such Default, regardless of whether or not legal proceedings are actually commenced;

 (g) Except for a Default pursuant to Section 16.01(1), Landlord may immediately or at any time thereafter, upon
written notice to Tenant (except in the event of an emergency, in which event no notice shall be necessary), at Landlord’s sole option but without any obligation to do so, correct such Default and charge Tenant all reasonable costs and expenses
incurred by Landlord therein. Any sum or sums so paid by Landlord, together with any accrued Default Interest, shall be deemed to be Rent hereunder and shall be immediately due from Tenant to Landlord. Any such acts by Landlord in correcting
Tenant’s Defaults hereunder shall not be deemed to cure said Defaults or constitute any waiver of Landlord’s right to exercise any or all remedies set forth herein; 
 (h) Landlord may immediately or at any time thereafter, and with or without notice, except as required herein, set off any money of Tenant held by Landlord under this Lease or Other Lease against any sum
owing by Tenant hereunder or owed under the Other Lease; provided that, subject to a Mortgagee’s right to credit the balance of any reserves held by the Mortgagee against future payments on the applicable debt, any Impositions Reserve or
Insurance Reserve (as such terms are defined in Section 30.01) held by Landlord shall be applied and disbursed in accordance with Article 30; and/or 
 (i) Landlord may seek any equitable relief available to Landlord, including, without limitation, the right of specific performance. 

16.03 Final Damages. If this Lease is terminated by Landlord as provided in Section 16.02(a), in addition to
Landlord’s rights set forth in Section 16.02, Landlord shall be 

  
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 entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including such
termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and unpaid, and
all costs and expenses, including court costs and reasonable attorneys’ fees incurred by Landlord in the enforcement of its rights and remedies hereunder. 
 16.04 Removal of Personal Property. All of Tenant’s Personalty removed from any Property Location by Landlord pursuant to any provisions of this Lease or any Laws may be handled,
removed or stored by Landlord at the sole cost and expense of Tenant, and Landlord, in no event, shall be responsible for the value, preservation or safekeeping thereof. Tenant shall pay Landlord for all expenses incurred by Landlord in such removal
and storage charges against such property as long as the same is in Landlord’s possession or under Landlord’s control. Subject to Section 31.13, all of Tenant’s Personalty not removed from any Property Location or retaken
from storage by Tenant within twenty (20) days after the end of the Term, however terminated, at Landlord’s option, shall be conclusively deemed to have been conveyed by Tenant to Landlord as by bill of sale without further payment or
credit by Landlord to Tenant. 
 16.05 Landlord’s Default. If Landlord shall violate, neglect or fail to
perform or observe any of the representations, covenants, provisions, or conditions contained in this Lease on its part to be performed or observed, which default continues for a period of more than thirty (30) days after receipt of written
notice from Tenant specifying such default (provided, however, such period shall be limited to two (2) business days with respect to a default under Section 31.17(g)), or if such default is of a nature to require more than thirty
(30) days for remedy and continues beyond the time reasonably necessary to cure (provided Landlord must have undertaken procedures to cure the default within such thirty (30) day period and thereafter diligently pursues such efforts to
cure to completion, provided that Landlord shall not have such additional period to cure with respect to default under Section 31.17(g)), Tenant, at its option (in addition to all other rights and remedies provided Tenant at law, in equity or
hereunder), upon further written notice to Landlord of Tenant’s intention to exercise any remedy hereunder, which shall provide Landlord with an additional ten (10) days cure period thereafter (provided that Landlord shall not have such
additional period to cure with respect to default under Section 31.17(g)), may either terminate this Lease upon written notice thereof given to Landlord, or incur any reasonable expense necessary to perform the obligation of Landlord specified
in such notice and bill Landlord for the costs thereof. If Landlord fails to reimburse Tenant for such reasonable costs within thirty (30) days after Landlord’s receipt of such bill, Tenant may deduct such costs from the next due
installments of Monthly Base Rent, until such costs are recouped by Tenant. 
 16.06 Attorneys’ Fees. The
defaulting party shall pay all of the non-defaulting party’s costs, charges and expenses, including court costs and reasonable attorneys’ fees, incurred in enforcing the defaulting party’s obligations under this Lease, incurred by the
non-defaulting party in any action brought by a party in which the other party is the prevailing party, or incurred by a prevailing party in any litigation, negotiation or transaction in which the other party causes such prevailing party, without
such prevailing party’s fault, to become involved or concerned. 
 16.07 Tenant Waiver. Tenant hereby
expressly waives, for itself and all Persons claiming by, through and under Tenant, including creditors of all kinds, (a) any right and 

  
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 privilege which Tenant has under any present or future Legal Requirements to redeem the Premises, or any
part thereof, or to have a continuance of this Lease for the Term after termination of Tenant’s right of occupancy by order or judgment of any court or by any legal process or writ, or under the terms of this Lease; (b) the benefits of any
present or future Legal Requirements that exempt property from liability for debt or for distress for rent; (c) any present or future Legal Requirements relating to notice or delay in levy of execution in case of eviction of a tenant for
nonpayment of rent; and (d) any benefits and lien rights which may arise pursuant to any present or future Legal Requirements. 
 ARTICLE 17. 
 SUBORDINATION; LEASEHOLD MORTGAGE 

17.01 Subordination. Landlord has executed and delivered and may execute and deliver hereafter from time to time a mortgage
or trust deed in the nature of a mortgage, both being hereinafter referred to as a “Mortgage,” against any Parcel and improvements thereon or any interest therein. Landlord also may, subject to the approval of any Mortgagee (which
approval Mortgagee, in its sole discretion, may withhold), hereafter sell and lease back any Property Location, or any part thereof, such lease of the underlying land herein called a “Ground Lease,” and the landlord under any such
lease is herein called a “Ground Landlord.” If requested by the mortgagee or trustee under any Mortgage (both being hereinafter referred to as a “Mortgagee”) or by any Ground Landlord, Tenant will either
(a) subordinate its interest in this Lease to said Mortgage or said Ground Lease, as the case may be, and to any and all advances made thereunder and to the interest thereon, and to all renewals, replacements, supplements, amendments,
modifications and extensions thereof, or (b) make certain of Tenant’s rights and interests in this Lease superior thereto; and Tenant will execute and deliver such agreement or agreements promptly, as may be reasonably approved by Tenant,
Landlord or such Mortgagee, or such Ground Landlord, as the case may be. Any Mortgage to which this Lease is now or hereafter subordinate shall provide, in effect, that during the time this Lease is in force all insurance proceeds and condemnation
awards shall be permitted to be used for restoration in accordance with the provisions of this Lease. Notwithstanding anything herein to the contrary, as a condition to subordinating its rights and interests under this Lease to any such Mortgagee or
such Ground Landlord, as the case may be, so long as no Default has occurred and is continuing, Tenant’s rights and interests under this Lease shall remain enforceable and undisturbed and Mortgagee or such Ground Landlord, as the case may be,
shall enter into a subordination, non-disturbance and attornment agreement with Tenant, which agreement shall be substantially in the form attached hereto as Exhibit E, or in such other form as may be reasonably approved by Tenant, Landlord,
such Mortgagee or such Ground Landlord. 
 17.02 Liability of Mortgagee; Attornment. It is further agreed that
(a) if any Mortgage shall be foreclosed, or if any Ground Lease shall be terminated, (i) the Mortgagee (or its grantees) or purchaser at any foreclosure sale (or grantee in a deed in lieu of foreclosure), or Ground Landlord, as the case
may be, or their respective successors and assigns shall not be (1) liable for any act or omission of any prior landlord (including Landlord), subject to any defenses, offsets or counterclaims which Tenant may have against a prior landlord
(including Landlord) as long as the same are not continuing, (2) bound by any obligation to perform any work or to make improvements to the applicable Property Location, or any portion thereof, or (3) bound by any prepayment of Base Rent
or other Rent which Tenant may have made in excess of the amounts 

  
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then due for the next succeeding month (other than any reserves paid under this Lease), (ii) the liability of the Mortgagee hereunder or purchaser at such foreclosure sale or the liability
of a subsequent owner designated as Landlord under this Lease shall exist only so long as such Mortgagee, Ground Landlord, purchaser or owner, as applicable, is the owner of the applicable Building or Parcel and such liability shall not continue or
survive after further transfer of ownership; and (iii) upon request of the Mortgagee if the Mortgage is foreclosed, or of the Ground Landlord if the Ground Lease is terminated, and provided that Tenant’s rights and interests under this
Lease shall remain enforceable and undisturbed, Tenant will attorn, as Tenant under this Lease, to the purchaser at any foreclosure sale under any Mortgage, and Tenant will attorn as the tenant under this Lease to the Ground Landlord, and Tenant
will execute such instruments as may be reasonably necessary or appropriate to evidence such attornment; and (b) this Lease may not be modified or amended so as to reduce Rent or shorten the Term provided hereunder, or so as to affect adversely
in any other respect or to any material extent the rights of Landlord, and this Lease shall not be cancelled or surrendered, without the prior written consent, in each instance, of the Mortgagee or of the Ground Landlord, as the case may be, other
than as expressly permitted pursuant to the terms of this Lease. 
 17.03 Tenant Leasehold Mortgage. 

(a) Provided that, at the time Tenant proposes to grant any Leasehold Mortgage (as defined in Section 17.03(c)(i)), no
Default exists, Tenant shall have the right to grant a Leasehold Mortgage on Tenant’s leasehold interest in the Premises with respect to all but not less than all of the entire Premises. Any Tenant’s Mortgagee (as defined in
Section 31.13) or permitted Leasehold Mortgagee (as defined in Section 17.03(c)(ii)) shall be deemed to be a third party beneficiary of any subordination, non-disturbance and attornment agreement granted to Tenant hereunder,
but (i) any such Leasehold Mortgage otherwise shall be in all respects subject and subordinate to Landlord’s interest in this Lease and to any Mortgage or Ground Lease granted by Landlord, and to any renewals, modifications,
consolidations, replacements and extensions of any such Mortgage or Ground Lease, whether such Mortgage or Ground Lease, or any renewal, modification, consolidation, replacement or extension thereof, is granted by Landlord prior or subsequent to any
Leasehold Mortgage granted by Tenant; and (ii) the Leasehold Mortgage shall attach to and be a lien on Tenant’s leasehold interest in the Premises only, shall convey no interest or rights in and to Landlord’s interest in the Lease or
the Premises which are greater than Tenant’s interest or rights in the Lease or the Premises, and shall be in form and substance reasonably satisfactory to Landlord and Tenant. 

(b) If Tenant shall grant a Leasehold Mortgage in compliance with the provisions of this Section 17.03, and if Tenant or the
Leasehold Mortgagee shall, within thirty (30) days after the execution of such Leasehold Mortgage, send to Landlord a true copy thereof, together with written notice specifying the name and address of the Leasehold Mortgagee thereunder and the
pertinent recording data with respect to such Leasehold Mortgage, then, so long as such Leasehold Mortgage shall remain unsatisfied of record, the following provisions shall apply: 

(i) Landlord shall use commercially reasonable efforts to give the Leasehold Mortgagee, at the address for the Leasehold Mortgagee given
to Landlord as provided above, a copy of any notice of default hereunder that relates to the portions of the Premises 

  
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applicable to the Leasehold Mortgage at the approximate time and in a similar manner of giving such notice or communication to Tenant; provided, however, that the failure to deliver such
notice shall not constitute a default by Landlord hereunder. Landlord will not exercise any right, power or remedy with respect to any Default hereunder that relates to the portions of the Premises applicable to the Leasehold Mortgage, and no notice
to Tenant of any such Default shall be effective, until Landlord shall have so given to the Leasehold Mortgagee written notice or a copy of its notice to Tenant of such Default. Landlord acknowledges that the Leasehold Mortgagee shall have the right
to approve any amendment that changes the permitted use, term, rent or any other payment obligation set forth herein, or that otherwise materially increases Tenant’s obligations or decreases Tenant’s rights under this Lease. 

(ii) Any Leasehold Mortgagee, in case Tenant shall be in default hereunder, shall, within the period herein provided, have the right to
remedy such default, or cause the same to be remedied, and Landlord shall accept such performance by or at the instance of such Leasehold Mortgagee as if the same had been made by Tenant, provided such remedy has been performed in the time frame and
in the same manner as permitted by Tenant under this Lease. If a receiver cures any default, Landlord shall accept such cure as though performed by the Leasehold Mortgagee. 
 (iii) It is understood and agreed that any Leasehold Mortgagee, or its designee, or any purchaser in foreclosure proceedings, any grantee pursuant to an assignment in lieu of foreclosure, or any other
party taking by, through or under a Leasehold Mortgage or its designee, may become the legal Tenant under this Lease with respect to the entire Premises through foreclosure proceedings, by assignment of this Lease in lieu of foreclosure or
otherwise; provided, however, that any such designee, purchaser in foreclosure, grantee pursuant to an assignment in lieu of foreclosure or other party shall, in all events, take subject to the terms of this Lease. 

(iv) Upon any rejection of this Lease by any trustee of the Tenant in any bankruptcy, reorganization, arrangement or similar proceeding
which would, if it were not for this Article 17, cause this Lease to terminate, without any action or consent by Landlord, Tenant or any Leasehold Mortgagee, the transfer of Tenant’s interest hereunder to such Leasehold Mortgagee shall
automatically occur. Such Leasehold Mortgagee may terminate this Lease upon any such transfer by giving notice thereof to Landlord no later than thirty (30) days after notice of such transfer. Upon any such termination, such Leasehold Mortgagee
shall have no further obligations hereunder, including any obligations which may have accrued prior to such termination, except for any obligations previously undertaken by the Leasehold Mortgagee pursuant to Section 17.03(b)(iii) or
caused by Leasehold Mortgagee’s acts while in physical possession of the Premises or by a court appointed receiver acting as agent for Leasehold Mortgagee. 
 (v) Landlord agrees to use commercially reasonable efforts to give the Leasehold Mortgagee notice of any condemnation proceedings affecting the applicable Property Location (the failure of which shall not
constitute a default by Landlord hereunder), and such Leasehold Mortgagee shall have the right to intervene and be made a party to any such condemnation proceedings to the extent of Tenant’s right to do so under this Lease. 

  
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 (vi) If a Leasehold Mortgagee shall acquire title to Tenant’s interest in the
Premises, by foreclosure of a Leasehold Mortgage thereon, by assignment in lieu of foreclosure, by an assignment for a nominee or wholly-owned subsidiary of such Leasehold Mortgagee, or otherwise, such Leasehold Mortgagee may assign this Lease or
sublet or underlet the Premises only in compliance with Article 12. Upon any assignment made in compliance with Article 12 of this Lease in favor of any owner of the leasehold estate pursuant to this Lease whose interest shall have
been acquired by, through or under any Leasehold Mortgagee or from any other holder thereof, the assignor shall be relieved of any further liability which may accrue under this Lease from and after the date of such assignment, provided that the
assignee shall execute and deliver to Landlord a recordable instrument of assumption wherein such assignee shall assume and agree to perform and observe the covenants and conditions in this Lease contained on Tenant’s part to be performed and
observed, it being the intention that once the Leasehold Mortgagee shall succeed to Tenant’s interest under this Lease, any and all subsequent assignments (whether by such Leasehold Mortgagee, any purchaser at a foreclosure sale or any other
transferee or assignee) shall, subject to the provisions of Article 12, effect a release of the assignor’s liability under this Lease from and after such assignment. 
 (vii) There shall be no merger of this Lease nor of the leasehold estate created by this Lease with the fee estate in the Premises or any part thereof by reason of the fact that the same person, firm,
corporation or other entity may acquire or own or hold, directly or indirectly, (1) this Lease or the leasehold estate created by this Lease or any interest in this Lease or in any such leasehold estate, and (2) the fee estate in the
Premises or any part thereof or any interest in such fee estate, and no such merger shall occur unless and until all corporations, firms and other entities, including any Leasehold Mortgagee, having any interest in (A) this Lease or the
leasehold estate created by this Lease and (B) the fee estate in the Premises or any part thereof or any interest in such fee estate shall join in a written instrument effecting such merger and shall duly record the same. 

(viii) Notwithstanding anything herein to the contrary, the provisions of this Article 17 shall inure only to the benefit of the
Leasehold Mortgage which is a first lien on Tenant’s interest in the Premises. Landlord shall, upon request, execute, acknowledge and deliver to such Leasehold Mortgagee after its request an agreement prepared at the sole cost and expense of
Tenant, in form reasonably satisfactory to such Leasehold Mortgagee and Landlord, among Landlord, Tenant and such Leasehold Mortgagee, agreeing to all of the provisions of this Section 17.03. 

(c) Definition of Terms. 
 (i) For purposes of this Lease, “Leasehold Mortgage” shall mean a mortgage upon Tenant’s leasehold estate and other rights of Tenant created pursuant to this Lease, and Tenant’s rights
under any subleases. 
 (ii) For purposes of this Lease, “Leasehold Mortgagee” shall mean any mortgagee,
trustee, or secured party under a Leasehold Mortgage. The Leasehold Mortgagee shall be an insurance company, savings bank, commercial bank (acting as a trustee, agent or otherwise), or other institutional lending source having a capital and surplus
or net assets of at least Two Hundred Fifty Million Dollars ($250,000,000). 

  
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 ARTICLE 18. 
 MORTGAGEE PROTECTION 
 Tenant agrees to give the Mortgagee or Ground
Landlord, as the case may be, by overnight courier service or by registered or certified mail, a copy of any notice or claim of default served upon Landlord by Tenant, provided that prior to such notice, Tenant has been notified in writing, by way
of service on Tenant of a copy of an assignment of Landlord’s interests in leases, or otherwise, of the address of such Mortgagee or Ground Landlord, as the case may be. Tenant further agrees that such Mortgagee or Ground Landlord, as the case
may be, shall have the right to cure such default within the time period provided for hereunder for Landlord to cure any Landlord Default. 
 ARTICLE 19. 
 ESTOPPEL CERTIFICATE 

Tenant and Landlord agree, from time to time and upon not less than ten (10) days’ prior request by either of them to the
other, to deliver to the requesting party a statement in the form attached hereto as Exhibit C certifying to any mortgagee, purchaser or assignee, as the case may be, of such party (or proposed mortgagee, purchaser or assignee, as the case
may be, of such party’s interest) (a) that this Lease is unmodified and in full force and effect (or if there have been modifications, that this Lease, as modified, is in full force and effect and identifying the modifications);
(b) the date upon which Tenant began paying Rent and the dates to which Rent and other charges have been paid; (c) that the requesting party is not in default under any provision of this Lease, or, if in default, the nature thereof in
detail; (d) that the Tenant is in occupancy of each Property Location and paying Rent on a current basis with no rental offsets or claims; (e) that there has been no prepayment of Rent other than that provided for in this Lease;
(f) that there are no actions, whether voluntary or otherwise, pending against the other party under the bankruptcy laws of the United States or any state thereof; and (g) such other matters as may be reasonably requested to the knowledge
of the party providing the estoppel. 
 ARTICLE 20. 

REPRESENTATIONS AND WARRANTIES OF TENANT 
 The representations and warranties of Tenant contained in this Article 20 are being made as of the Effective Date to induce Landlord to enter into this Lease and Landlord has relied upon such
representations and warranties. Tenant represents and warrants to Landlord as of the Effective Date as follows: 
 20.01
Organization, Authority and Status of Tenant. Tenant has been duly organized or formed, is validly existing and in good standing under the laws of its state of formation and is qualified as a limited liability company to do business in
any jurisdiction where such qualification is required except where the failure to be so qualified would not have a Material Adverse Effect. All necessary company action has been taken to authorize the execution, delivery and performance by Tenant of
this Lease and of the other documents, instruments and agreements provided for herein. Tenant is not a “foreign limited liability company,” “foreign corporation,” “foreign partnership,” “foreign trust” or
“foreign estate,” as 

  
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those terms are defined in the Code and the regulations promulgated thereunder. The individual who has executed this Lease on behalf of Tenant is duly authorized to do so. 

20.02 Enforceability. Assuming the due authorization, execution and delivery hereof by Landlord, this Lease constitutes the
legal, valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally and the availability of injunctive relief and other equitable remedies. 
 20.03 Property
Condition. Tenant has physically inspected all of the Premises and has examined title to the Premises, and has found all of the same satisfactory in all respects for all of Tenant’s purposes. 

20.04 Litigation. There are no suits, actions, proceedings or investigations pending, or to the best of its knowledge,
threatened against or involving Tenant or the Premises before any arbitrator or governmental authority which could reasonably be expected to result in a Material Adverse Effect in the operations of Tenant or the Premises. 

20.05 Compliance With OFAC Laws. Neither Tenant nor any direct member of Tenant is an individual or entity whose property
or interests are subject to being blocked under Executive Order 13224 issued by the President of the United States and all regulations promulgated thereunder (the “OFAC Laws”) or is otherwise in violation of any of the OFAC Laws;
provided, however, that the representation contained in this sentence shall not apply to any individual, partnership, corporation, limited liability company, trust, or other form of entity (“Person”) to the extent such
Person’s interest is in or through an entity whose securities are listed on a national securities exchange or quoted on an automated quotation system in the United States or a wholly-owned subsidiary of such entity. 

20.06 Ownership. The interests in SKO Group Holdings, LLC, a Delaware limited liability company that indirectly owns all of
the shares of Tenant, are directly owned by the persons identified on the letter from Tenant to Landlord of even date herewith. 

20.07 Absence of Breaches or Defaults. Tenant is not in default under any document, instrument or agreement to which Tenant
is a party or by which Tenant or the Premises is subject or bound, which has had, or could reasonably be expected to result in, a Material Adverse Effect against Tenant or the Premises. The authorization, execution, delivery and performance of this
Lease and the documents, instruments and agreements provided for herein will not result in any breach of or default under any document, instrument or agreement to which Tenant is a party or by which Tenant or the Premises is subject or bound, which
has had, or could reasonably be expected to result in, a Material Adverse Effect against Tenant or the Premises. 
 20.08
Solvency. There is no contemplated, pending or threatened Insolvency Event or similar proceedings, whether voluntary or involuntary, against Tenant. The term “Insolvency Event” shall mean (a) a failure to
generally pay debts as such debts become due, admitting in writing an inability to pay debts generally or making a general assignment for the benefit of creditors; (b) any proceeding being instituted by or against Tenant (i) seeking to
adjudicate it bankrupt or insolvent; (ii) seeking liquidation, winding up, reorganization, arrangement, 

  
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adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency, or reorganization or relief of debtors; or (iii) seeking the entry of an
order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property, and in the case of any such proceeding instituted against, either such proceeding shall remain undismissed for
a period of one hundred twenty (120) days or any of the actions sought in such proceeding shall occur; or (c) the taking of any corporate or company action to authorize any of the actions set forth above in this definition. 

20.09 Licenses and Permits. Tenant has obtained or has the use of all required licenses and permits, both governmental and
private, to use and operate the Premises as currently used except where the failure to have such licenses and permits would not have a Material Adverse Effect. 
 ARTICLE 21. 
 NONWAIVER 

No waiver of any condition expressed in this Lease shall be implied by any neglect of Landlord or Tenant to enforce any remedy on account
of the violation of such condition whether or not such violation is continued or repeated subsequently, and no express waiver shall affect any condition other than the one specified in such waiver and that one only for the time and in the manner
specifically stated. Without limiting any of Landlord’s rights under this Lease, it is agreed that no receipt of monies by Landlord from Tenant after the expiration or early termination in any way of the Term or of Tenant’s right of
possession hereunder or after the giving of any notice shall reinstate, continue or extend the Term or affect any notice given to Tenant prior to the receipt of such monies. It is also agreed that after the service of notice or the commencement of a
suit or after final judgment for possession of the Premises, Landlord may receive and collect any monies due, and the payment of said monies shall not waive or affect said notice, suit or judgment. 

ARTICLE 22. 

INTENTIONALLY DELETED 
 ARTICLE 23. 
 REAL ESTATE BROKERS 

Each party represents to the other that it has not dealt with any broker, agent, or finder in connection with this Lease and agrees to
indemnify and hold the other harmless from all damages, liability and expense, including reasonable attorneys’ fees, arising from any claims or demands of any broker, agent or finder for any commission alleged to be due such broker, agent or
finder in connection with its having introduced that party to the Premises or having participated in the negotiation of the sale and lease-back of the Premises. 
 ARTICLE 24. 
 NOTICES 

All notices and demands required or desired to be given by either party to the other with respect to this Lease or the Premises shall be
in writing and shall be delivered personally, sent by overnight courier service, prepaid, or sent by United States registered or certified mail, return 

  
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receipt requested, postage prepaid, and addressed as herein provided. Notices to or demands upon Tenant shall be addressed to Tenant at 700 Pilgrim Way, Green Bay, Wisconsin 54304, Attention:
Chief Financial Officer and General Counsel, with a copy to each of C. Deryl Couch and Scott King at Sun Capital Partners, Inc., 5200 Town Center Circle, Suite 470, Boca Raton, Florida 33486, and with a copy to Klehr, Harrison, Harvey,
Branzburg & Ellers LLP, 260 South Broad Street,
4th Floor, Philadelphia, Pennsylvania 19102, Attention:
Bradley A. Krouse, Esq. Notices to or demands upon Landlord shall be addressed to Landlord at 14631 N. Scottsdale Road, Suite 200, Scottsdale, Arizona 85254     2711, Attention: Michael T. Bennett, SVP, Operations, with a copy to
Kutak Rock LLP, 1801 California Street, Suite 3100, Denver, Colorado 80202, Attention: Peggy A. Richter, Esq. Notices and demands shall be deemed given and served (a) upon receipt or refusal, if delivered personally, (b) one
(1) business day after deposit with an overnight courier service or (c) upon three (3) business days after deposit in the United States mails, if mailed. Either party may change its address for receipt of notices by giving notice of
such change to the other party in accordance herewith. 
 ARTICLE 25. 

HAZARDOUS MATERIALS 
 25.01 Defined Terms. 
 (a) “Claim” shall mean and
include any demand, cause of action, proceeding, or suit for any one or more of the following: (i) actual or punitive damages, losses, injuries to Person or property, damages to natural resources, fines, penalties, interest, contribution or
settlement, (ii) seeking a Response (as defined in Section 25.01(f)), (iii) the costs and expenses of site investigations, feasibility studies, information requests, health or risk assessments, or Response actions, and
(iv) the costs and expenses of enforcing insurance, contribution or indemnification agreements. 
 (b)
“Environmental Laws” shall mean and include all federal, state and local statutes, ordinances, regulations and rules in effect and as amended from time to time relating to environmental quality, health, safety, contamination and
cleanup, including, without limitation, the Clean Air Act, 42 U.S.C. Section 7401 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq., and the Water Quality Act of 1987; the Federal Insecticide, Fungicide, and Rodenticide Act
(“FIFRA”), 7 U.S.C. Section 136 et seq.; the Marine Protection, Research, and Sanctuaries Act, 33 U.S.C. Section 1401 et seq.; the National Environmental Policy Act, 42 U.S.C. Section 4321 et seq.; the Noise Control
Act, 42 U.S.C. Section 4901 et seq.; the Occupational Safety and Health Act, 29 U.S.C. Section 651 et seq.; the Resource Conservation and Recovery Act (“RCRA”), 42 U.S.C. Section 6901 et seq., as amended by the
Hazardous and Solid Waste Amendments of 1984; the Safe Drinking Water Act, 42 U.S.C. Section 300f et seq.; the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), 42 U.S.C. Section 9601 et
seq., as amended by the Superfund Amendments and Reauthorization Act, the Emergency Planning and Community Right-to-Know Act, and the Radon Gas and Indoor Air Quality Research Act; the Toxic Substances Control Act (“TSCA”), 15
U.S.C. Section 2601 et seq.; the Atomic Energy Act, 42 U.S.C. Section 2011 et seq., and the Nuclear Waste Policy Act of 1982, 42 U.S.C. Section 10101 et seq., and state and local superlien and environmental statutes and ordinances,
with implementing regulations, rules and guidelines, as any of the foregoing may be amended from time to time. Environmental Laws shall also include 

  
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all state, regional, county, municipal, and other local laws, regulations, and ordinances insofar as they are equivalent or similar to the federal laws recited above or purport to regulate
Hazardous Materials (as defined in Section 25.01(c)). 
 (c) “Hazardous Materials” shall mean and
include the following, including mixtures thereof: any hazardous substance, mold, pollutant, contaminant, waste, by-product or constituent regulated under CERCLA; oil and petroleum products and natural gas, natural gas liquids, liquefied natural gas
and synthetic gas usable for fuel; pesticides regulated under FIFRA; asbestos and asbestos-containing materials, PCBs, and other substances regulated under TSCA; source material, special nuclear material, by-product material and any other
radioactive materials or radioactive wastes, however produced, regulated under the Atomic Energy Act or the Nuclear Waste Policy Act; chemicals subject to the OSHA Hazard Communication Standard, 29 C.F.R. § 1910.1200 et seq.; and industrial
process and pollution control wastes whether or not hazardous within the meaning of RCRA, and any other hazardous substance, pollutant or contaminant regulated under any other Environmental Law. 

(d) “Manage” or “Management” means to generate, manufacture, process, treat, store, use, re-use,
refine, recycle, reclaim, blend or burn for energy recovery, incinerate, accumulate speculatively, transport, transfer, dispose of or abandon Hazardous Materials. 
 (e) “Release” or “Released” shall mean any actual or threatened spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching,
dumping or disposing of Hazardous Materials into the environment, as “environment” is defined in CERCLA. 
 (f)
“Response” or “Respond” shall mean action taken to correct, remove, remediate, clean up, prevent, mitigate, monitor, evaluate, investigate, assess or abate the Release of a Hazardous Material. 

25.02 Tenant’s Obligations with Respect to Environmental Matters. During the Term, (a) Tenant shall comply, at
its sole cost and expense, with all Environmental Laws; (b) Tenant shall not, except as utilized in the ordinary course of business and not in violation of any Environmental Laws, Manage or authorize the Management of, any Hazardous Materials
on any Property Location, including installation of any underground storage tanks, without prior written disclosure to and prior written reasonable approval by Landlord, except in accordance with applicable Environmental Laws; (c) Tenant shall
not take any action that would subject any Property Location to the permit requirements under RCRA or any analogous state law, for storage, treatment or disposal of Hazardous Materials; and (d) Tenant shall arrange at its sole cost and expense,
for the lawful transportation and off-site disposal at permitted landfills or other permitted disposal facilities and otherwise in accordance with all applicable Environmental Laws, of all Hazardous Materials that it generates. 

25.03 Copies of Notices. During the Term, Tenant shall provide Landlord promptly with copies of all summons, citations,
directives, information inquiries or requests, notices of potential responsibility, notices of violation or deficiency, orders or decrees, Claims, complaints, investigations, judgments, letters, notices of environmental liens or Response actions in
progress, and other communications, written or oral, actual or threatened, from the United States 

  
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Environmental Protection Agency, Occupational Safety and Health Administration, the Environmental Protection Agency for the state in which the Premises are located, or other federal, state, or
local agency or authority, or any other entity or individual, concerning (a) any actual or alleged Release of a Hazardous Materials on, to or from any Property Location; (b) the imposition of any lien on any Property Location; (c) any
actual or alleged violation of, or responsibility under, any Environmental Laws; or (d) any actual or alleged liability under any theory of common law tort or toxic tort, including without limitation, negligence, trespass, nuisance, strict
liability, or ultrahazardous activity (each a “Notice”). 
 25.04 Landlord’s Right to Inspect.
Upon the receipt of a Notice, or in the event that Landlord makes a good faith determination that such inspection is necessary, Landlord and Landlord’s employees, agents and representatives shall have the right to enter the applicable
Property Location and, at Tenant’s sole cost and expense, conduct appropriate inspections or tests for the purpose of determining Tenant’s compliance with Environmental Laws, and determine the type, kind and quantity of all products,
materials and substances brought onto the Premises, or made or produced thereon. Landlord and its agents and representatives shall have the right to take samples in quantities sufficient for analysis of all products, materials and substances present
on the applicable Property Location including, but not limited to, samples, products, materials or substances brought onto or made or produced on the applicable Property Location by Tenant or its agents, employees, contractors or invitees. Tenant
agrees to cooperate with such investigations by providing any relevant information reasonably requested by Landlord. Tenant may not perform any sampling, testing, or drilling to locate Hazardous Materials in the applicable Property Location without
Landlord’s prior written consent. 
 25.05 Tests and Reports. With respect to any applicable Property
Location and upon the receipt of a Notice (or in the event that Landlord makes a good faith determination that the same is necessary), Tenant shall, at its sole cost and expense, perform any environmental site assessment or other investigation of
environmental conditions in connection with the Premises as may be reasonably requested by Landlord (including but not limited to sampling, testing and analysis of soil, water, air, building materials and other materials and substances whether
solid, liquid or gas). Tenant shall provide Landlord with (a) copies of all environmental reports and tests obtained by Tenant; (b) copies of transportation and disposal contracts (and related manifests, schedules, reports, and other
information) entered into or obtained by Tenant with respect to any Hazardous Materials; (c) copies of any permits issued to Tenant under Environmental Laws with respect to the applicable Property Location; (d) copies of any and all
reports, notifications, and other filings made by Tenant to any federal, state, or local environmental authorities or agencies; and (e) any other applicable documents and information with respect to environmental matters relating to the
applicable Property Location. Tenant shall provide Landlord with the results of appropriate reports and tests, with transportation and disposal contracts for Hazardous Materials, with any permits issued under Environmental Laws, and with any other
documents necessary to demonstrate that Tenant complies with all Environmental Laws relating to the applicable Property Location, including, without limitation, payment of penalties or interest related thereto. 

25.06 Tenant’s Obligation to Respond. If Tenant’s Management of Hazardous Materials at any Property Location
(a) gives rise to liability or to a Claim under any Environmental Law, or any common law theory of tort or otherwise; (b) causes a threat to, or 

  
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endangers, the public health; or (c) creates a nuisance or trespass, Tenant shall, at its sole cost and expense, promptly take all necessary action in response so as to comply with all
applicable Environmental Laws and eliminate or avoid any liability claim with respect thereto. Additionally, Tenant shall, at its sole cost and expense, and without limiting any other provision of this Lease, effectuate any Response required by any
governmental authority of any condition (including, but not limited to, a Release) in, on, under or from the Premises and take any other reasonable action deemed necessary by any governmental authority for protection of human health or the
environment. Notwithstanding anything in this Lease to the contrary, Tenant shall have the right to challenge and not comply with any requirement of a governmental authority without being in breach of this Lease so long as Tenant (i) pursues
such challenge diligently and in good faith and (ii) complies with any requirement that results upon completion of such challenge. 
 25.07 Landlord’s Right to Act. In the event that Tenant shall fail to comply with any of its obligations under this Article 25 as and when required hereunder, after thirty
(30) days written notice to Tenant and Tenant’s failure to commence to cure such failure (unless any Property Location or any Person is in imminent danger of harm, in which case notice that is feasible under the circumstances shall be
given to Tenant), Landlord shall have the right (but not the obligation) to take such action as is required to be taken by Tenant hereunder and in such event, Tenant shall be liable and responsible to Landlord for all costs, expenses, liabilities,
claims and other obligations paid, suffered, or incurred by Landlord in connection with such matters. Tenant shall reimburse Landlord immediately upon demand for all such amounts for which Tenant is liable with interest accruing at the Default
Interest rate. 
 25.08 Indemnification. Except as otherwise required under applicable Laws or to the extent of
Landlord’s willful wrongful acts or gross negligence (provided that the term “gross negligence” shall not include gross negligence imputed as a matter of law to any of the Landlord Indemnified Parties solely by reason of
Landlord’s interest in any Property Location or Tenant’s failure to act in respect of matters which are or were the obligation of Tenant under this Lease), Tenant shall, immediately upon demand by Landlord, indemnify, save, protect, defend
and hold harmless the Landlord Indemnified Parties from and against any and all Claims, Response costs, liabilities, suits, obligations, fines, damages, penalties, claims, costs, losses, charges and expenses, including, without limitation, loss of
rental income, loss due to business interruption, and reasonable attorneys’ fees and costs, which may be imposed upon or incurred during or after (but attributable to a period of time falling within) the Term arising out of or in any way
connected with any or all of the following occurring: 
 (a) any Hazardous Materials which are, or have been at any time,
Managed, Released or otherwise located on or at any Property Location during the Term (regardless of the location at which such Hazardous Materials may in the future be located or disposed of), including but not limited to, any and all
(i) liabilities under any common law theory of tort, nuisance, strict liability, ultrahazardous activity, negligence or otherwise based upon, resulting from or in connection with any such Hazardous Materials; and (ii) obligations to take
Response, cleanup or corrective action pursuant to any investigation or remediation in connection with the decontamination, removal, transportation, incineration, or disposal of any of the foregoing; 

  
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 (b) any actual or alleged illness, disability, injury, or death of any individual in any
manner arising out of or allegedly arising out of exposure to Hazardous Materials or other substances or conditions introduced to any Property Location during the Term; 
 (c) any actual or alleged failure of Tenant or prior occupant or owner to comply with all applicable Environmental Laws during the Term; and 

(d) any failure by Tenant to comply with its obligations under this Article 25. 

In the event any Claims or other assertion of liability shall be made against Landlord for which Landlord is entitled to indemnity
hereunder, Landlord shall notify Tenant of such Claim or assertion of liability and thereupon Tenant shall, at its sole cost and expense, assume the defense of such Claim or assertion of liability (with counsel reasonably acceptable to Landlord) and
continue such defense at all times thereafter until completion. The obligations of Tenant under this Article 25 shall survive for a period of five (5) years from the termination or expiration of this Lease. 

ARTICLE 26. 

TITLE AND COVENANT AGAINST LIENS 
 26.01 Title and Covenant Against Liens. Landlord’s title in the Premises is and always shall be paramount to the title of Tenant and nothing contained in this Lease shall empower Tenant
to do any act which can, shall or may encumber the title of Landlord. Tenant covenants and agrees not to suffer or permit any lien of mechanics or materialmen to be placed upon or against the Premises, the Buildings or the Parcels and, in case of
any such lien attaching, to pay and remove or insure over same promptly. Except as provided in this Section 26.01 below and Section 9.04 above, Tenant has no authority or power to cause or permit any lien or encumbrance of
any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or to be placed upon the Premises, the Buildings or the Parcels, and any and all liens and encumbrances created by Tenant shall attach only to
Tenant’s interest in the Premises. If any such liens so attach and Tenant fails to pay and remove or bond the same within thirty (30) days, Landlord, at its election, may pay and satisfy the same, and in such event, the sums so paid by
Landlord, with interest accruing from the date of Landlord’s payment at the Default Interest rate shall be deemed to be Rent due and payable by Tenant at once without notice or demand. Except as permitted pursuant to Section 9.04
and Article 17 of this Lease, Landlord covenants and agrees not to suffer or permit any covenants, restrictions, reservations, encumbrances, liens, conditions, encroachments, easements and other matters of title that would affect one or more
of the Property Locations without Tenant’s prior written consent. 
 Landlord hereby grants a limited power of attorney to
Tenant to acknowledge, deliver and execute on Landlord’s behalf any proposed agreement affecting the Property Location(s) if such agreement is in the nature of an easement and (a) is specifically stated to encumber the Property Location(s)
only while Tenant is in possession of the Property Location(s) or (b) shall, by the terms of the agreement, end with the termination of this Lease. Upon the execution of any such agreement, Tenant shall deliver, within twenty (20) days
thereof, a copy of such agreement to Landlord. 

  
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 ARTICLE 27. 
 EXCULPATORY PROVISIONS 
 It is understood and agreed expressly by and
between the parties hereto, anything herein to the contrary notwithstanding, that each and all of the representations, warranties, covenants, undertakings and agreements made herein on the part of Landlord, while in form purporting to be the
representations, warranties, covenants, undertakings and agreements of Landlord, are nevertheless each and every one of them made and intended, not as personal representations, warranties, covenants, undertakings and agreements by Landlord or for
the purpose or with the intention of binding Landlord personally, but are made and intended for the purpose only of subjecting Landlord’s interest in each Property Location to the terms of this Lease and for no other purpose whatsoever, and in
case of default hereunder by Landlord, Tenant shall look solely to the interests of Landlord in each Property Location; that Landlord shall have no personal liability to pay any indebtedness accruing hereunder or to perform any covenant, either
express or implied, contained herein; and that no personal liability or personal responsibility of any sort is assumed by, nor at any time shall be asserted or enforceable against, said Landlord, individually. 

ARTICLE 28. 

QUIET USE AND ENJOYMENT 
 If and as long as Tenant shall faithfully perform the agreements, terms, covenants and conditions hereof, Tenant shall and may (subject, however, to the provisions, reservations, terms and conditions of
this Lease, including without limitation, Sections 17.01 and 17.02) peaceably and quietly have, hold and enjoy the Premises for the Term hereby granted, including extensions, without molestation or disturbance by or from Landlord or
any Person or entity claiming by, through or under Landlord and free of any encumbrance created or suffered by Landlord, except from encumbrances created, suffered or consented to by Tenant. This covenant shall be construed as running with the land
to and against subsequent owners and successors in interest and is not, nor shall it operate or be construed as, a personal covenant of Landlord, except to the extent of Landlord’s interest in the Premises and only so long as such interest
shall continue, and thereafter this covenant shall be binding upon such subsequent owners and successors in interest of Landlord’s interest under this Lease, to the extent of their respective interests, as and when they shall acquire the same,
and only so long as they shall retain such interest. 
 ARTICLE 29. 

CHARACTERIZATION OF LEASE 
 The following expressions of intent, representations, warranties, covenants, agreements, stipulations and waivers are a material inducement to Landlord and Tenant entering into this lease: 

29.01 Unseverable Lease. Landlord and Tenant intend that (a) this Lease constitutes an unseverable and single lease of
all, but not less than all, of the Property Locations, and, if at any time this Lease covers other real property in addition to the Property Locations, neither this Lease, nor Landlord’s obligations or rights hereunder may be allocated or
otherwise divided among such properties by Tenant; (b) except with respect to the leasehold position with respect 

  
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to Store Number 141 in Burlington, Iowa, this Lease is a “true lease” for federal and state income tax purposes, is not a financing lease, capital lease, mortgage, equitable mortgage,
deed of trust, trust agreement, security agreement or other financing or trust arrangement, and the economic realities of this Lease are those of a true lease; and (c) the business relationship created by this Lease and any related documents is
solely that of a long-term commercial lease between Landlord and Tenant, the Lease has been entered into by both parties in reliance upon the economic and legal bargains contained herein, and none of the agreements contained herein is intended, nor
shall the same be deemed or construed, to create a partnership (de factor or de jure) between Landlord and Tenant, to make them joint venturers, to make Tenant an agent, legal representative, partner, subsidiary or employee of
Landlord, nor to make Landlord in any way responsible for the debts, obligations or losses of Tenant. 
 29.02 Waiver.
Tenant and Landlord each waive any claim or defense based upon the characterization of this Lease as anything other than as a “true lease” and a master lease of all of the Property Locations. Tenant and Landlord each stipulate and
agree (a) not to challenge the validity, enforceability or characterization of the lease of the Property Locations as a single, unseverable instrument pertaining to the lease of all, but not less than all, of the Property Locations,
(b) except as may be required by Laws or a governmental authority (it being understood that Tenant and Landlord each agree that, except as indicated in Section 29.01(b), under current U.S. federal income tax law, this Lease is a
“true lease”), not to assert or take, or omit to take, any action if such omission would be inconsistent with the agreements and understandings set forth in this Article 29, and (c) that, in the event that its separate
existence from another Person is disregarded for U.S. federal income tax purposes, it shall not permit such Person to assert or take any action, or omit to take any action if such omission would be, inconsistent with the agreements and
understandings set forth in this Article 29 (determined as though such Person had been a party hereto). 
 ARTICLE 30.

 RESERVES 
 30.01 Reserves. Upon the occurrence of a Reserve Event (as defined below), Landlord may require Tenant to pay to Landlord on the day that Monthly Base Rent is next due during the Term an
amount equal to the Impositions (the “Impositions Reserve”), premiums for insurance required under Article 6 (the “Insurance Reserve”), fixed and basic rents (the “Overlease Rents”) to be
made pursuant to the Overleases (the “Overlease Reserve”) and/or maintenance expenses (“Maintenance Expenses”) for the Premises (in an amount equal to $0.20 per net rentable square foot of the Premises) (the
“Maintenance Reserve”; the Impositions Reserve, the Insurance Reserve, the Overlease Reserve and/or the Maintenance Reserve are each a “Reserve” and collectively, the “Reserves”) that Landlord
reasonably estimates will be necessary in order to accumulate with Landlord sufficient funds to pay such Impositions, insurance premiums, Overlease Rents and Maintenance Expenses as applicable for the earlier of (a) the ensuing twelve
(12) months, or (b) at least thirty (30) days prior to their respective due dates. Landlord shall hold or cause the Mortgagee to hold the amount for each Reserve required hereunder in an interest-bearing account which interest thereon
shall accrue for the benefit of Tenant (which may be a book entry subaccount) (each, a “Reserve Subaccount Account”, and collectively, the “Reserve Subaccounts”). Landlord shall have the right to collect Reserves on
an annual basis until the occurrence of a Reserve Reversal Event (defined in Section 30.06 (g) below). 

  
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 30.02 Satisfaction of Tenant’s Obligations. Any Reserve payments made by
Tenant pursuant to Section 30.01 for Impositions, Maintenance Expenses, Overlease Rents and insurance premiums shall satisfy Tenant’s obligations to pay Impositions, Overlease Rents and Maintenance Expenses and to pay for and
maintain insurance under this Lease for the applicable twelve (12) month period. Landlord shall timely pay or cause to be paid such Impositions, Overlease Rents and insurance premiums or make such Reserves available to Tenant to timely pay such
Impositions, Overlease Rents and insurance premiums. 
 30.03 Reserve Period; Maintenance Expenses. During a
Reserve Period (as defined below), Landlord shall disburse or cause the Mortgagee to disburse funds held in the Reserve Subaccount for Maintenance Expenses to Tenant within fifteen (15) days after the delivery by Tenant to Landlord of a request
therefor, in an amount greater than Twenty Five Thousand Dollars ($25,000) (or a lesser amount if the total amount in the Maintenance Reserve is less than Twenty Five Thousand Dollars ($25,000), in which case only one such disbursement as to that
particular Maintenance Expense shall be made), provided that the request for disbursement is accompanied by: (a) a certificate signed by an officer of Tenant: (i) stating that the maintenance which is the subject of the requested
disbursement has been completed, (ii) identifying each Person that supplied materials or labor in connection with such maintenance or any portion thereof, and (iii) stating that each such Person supplying materials or labor has been or,
upon receipt of the requested disbursement, will be paid in full with respect to the portion of the maintenance which is the subject of the requested disbursement; (b) copies of appropriate lien waivers, to the extent applicable, or other
evidence of payment reasonably satisfactory to Landlord; and (c) if requested by Landlord’s Mortgagee, a title search for such Property Location indicating that such Property Location is free from all liens, claims and other encumbrances
not previously approved by Landlord. 
 30.04 Reserve Reversal Event. Upon a Reserve Reversal Event, no further
Reserves shall be required and any Reserves and/or Letter of Credit (as defined in Section 30.06(d) below) held by Landlord or Mortgagee shall be immediately released and/or returned, as the case may be, to Tenant. 

30.05 Letter of Credit. Notwithstanding anything to the contrary contained in this Article 30 or
Section 9.05, at Tenant’s option, in lieu of the requirements set forth herein with respect to Tenant’s obligation to make deposits into one or more Reserve Subaccounts, Tenant may deliver a Letter of Credit or Letters of
Credit, to Landlord in an amount or amounts equal to the aggregate amount which Tenant would otherwise be required to deposit for Impositions, insurance premiums, Overlease Rents and/or Maintenance Expenses, over the ensuing twelve (12) month
period, and/or Required Repairs, whereupon Landlord shall remit or cause Mortgagee to remit the Reserves then on deposit, if any, in the applicable Reserve Subaccount to Tenant. In the event that Tenant delivers a Letter of Credit or Letters of
Credit for Impositions, insurance premiums, the Overlease Rents, Maintenance Expenses and/or Required Repairs, Tenant shall be responsible for the payment of such item and Landlord shall not be responsible therefor. Tenant shall provide Landlord
with notice of any increases (or decreases) in the aggregate payments over the ensuing twelve (12) month period for Impositions, insurance premiums, Overlease Rents and/or Maintenance Expenses, as the case may be, not less than forty-five
(45) days prior to the date any such increase (or decrease) is first due and payable, and the applicable Letter of Credit shall be increased (or decreased) by an amount equal to such 

  
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increased (or decreased) amount at least thirty (30) days prior to the date such increase (or decrease) is first due and payable. Landlord shall allow a reduction in the Letter of Credit or
Letters of Credit relating to the Reserve Subaccount for Maintenance Expenses or Required Repairs upon satisfaction of the conditions precedent for disbursement set forth in Section 30.03 or Section 9.05, as applicable, which
reduction shall be in an amount equal to the amount that would have been disbursed to Tenant had the Reserve Account for Maintenance Expenses or the Required Repairs Subaccount, contained cash. Upon any non-payment of Impositions, insurance
premiums, Overlease Rents, Maintenance Expenses or Required Repairs, Tenant agrees that Landlord shall have the right, but not the obligation, to draw on such applicable Letter of Credit and to apply all or any part thereof to the payment of the
item for which such Letter of Credit was established. 
 30.06 Defined Terms. 

(a) “EBITDAR” shall mean, with respect to any Person, for any period, an amount equal to (without duplication):
(i) the consolidated net income of such Person for such period, plus (ii) depreciation, amortization and other non-cash charges (including, but not limited to, imputed interest, deferred compensation and charges associated with
impairment of goodwill pursuant to FASB 142) for such period (to the extent deducted in the computation of consolidated net income of such Person), all in accordance with GAAP, plus (iii) interest expense for such period (to the extent
deducted in the computation of consolidated net income of such Person), plus (iv) the provision for taxes for such period (to the extent deducted in the computation of consolidated net income of such Person), plus (v) any
rental amounts (excluding reimbursable expenses including but not limited to taxes, maintenance and insurance) payable by such Person under any leases then in effect to which the Person is a party, utilizing the rental amounts (excluding
reimbursable expenses including but not limited to taxes, maintenance and insurance) in effect at the time of the EBITDAR calculation (collectively, “EBITDAR Rent”) (to the extent such EBITDAR Rent was deducted in the computation of
consolidated net income of such Person), plus (vi) non-recurring items and unusual items. In calculating the EBITDAR Ratio for the combined, consolidated ShopKo/Pamida entity with respect to periods prior to December 28, 2005,
Tenant may use pro forma adjusted financial statements with customary adjustments made to reflect the acquisition of ShopKo Stores Inc. by SKO Group Holding, LLC and a pro forma capital structure. Following the separation of the ShopKo and Pamida
entities, customary pro forma adjustments also may be made to accurately reflect the historic operations of ShopKo, on the one hand, and Pamida, on the other. 
 (b) “EBITDAR Event” shall mean Tenant’s failure to maintain an EBITDAR Ratio (as defined below) of 1.15 to 1 or higher (tested quarterly on a twelve (12) month trailing basis).

 (c) “EBITDAR Ratio” shall be the ratio of EBITDAR to interest and operating lease expenses. 

(d) “Letter of Credit” means an evergreen, irrevocable, unconditional, transferable, clean sight draft letter of credit,
in form and substance acceptable to Landlord in its reasonable discretion, in favor of Landlord and issued by a bank or financial institution reasonably acceptable to Landlord. 

  
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 (e) “Reserve Event” shall mean the occurrence of (i) a monetary
Default or (ii) an EBITDAR Event. 
 (f) “Reserve Period” shall mean the period time commencing on the date
that (i) a monetary Default shall have occurred or (ii) an EBIDTAR Event shall have occurred and, with respect to clause (a) or (b), ending upon the occurrence of a Reserve Reversal Event. 

(g) “Reserve Reversal Event” shall mean Tenant (i) remaining free from monetary Default and (ii) maintaining
an EBITDAR Ratio of 1.15 to 1 or higher (on a twelve (12) month trailing basis) for a period of not less than four (4) consecutive quarters. 
 ARTICLE 31. 
 MISCELLANEOUS 

31.01 Successors and Assigns. Each provision of this Lease shall extend to and shall bind and inure to the benefit not only
of Landlord and Tenant, but also of their respective heirs, legal representatives, successors and assigns, but this provision shall not operate to permit any transfer, assignment, mortgage, encumbrance, lien, charge or subletting contrary to the
provisions of this Lease. 
 31.02 Modifications in Writing. No modification, waiver or amendment of this Lease or
of any of its conditions or provisions shall be binding upon either party unless in writing and signed by Landlord and Tenant. 

31.03 Definition of Tenant. The word “Tenant” whenever used herein shall be construed to mean Tenant or
any one or more of them in all cases where there is more than one Tenant; and the necessary grammatical changes required to make the provisions hereof apply either to corporations, limited liability companies or other organizations, partnerships or
other entities, or individuals, shall be assumed in all cases as though fully expressed in each case. In all cases where there is more than one Tenant, the liability of each shall be joint and several. Landlord shall have the right, at its
discretion, to enforce Landlord’s rights under this Lease against each entity signing this Lease as Tenant, individually, or against all of such Persons collectively, so that any one of the entities signing this Lease as Tenant shall be bound
to the provisions of this Lease and shall be required to pay all of the Rent and other amounts from time to time owed by Tenant under this Lease. 
 31.04 Definition of Landlord. The term “Landlord” as used in this Lease means only the owner or owners at the time being of each Property Location so that in the event of
any assignment, conveyance or sale, once or successively, of said Property Location, or any assignment of this Lease by Landlord, said Landlord making such sale, conveyance or assignment shall be and hereby is entirely freed and relieved of all
covenants and obligations of Landlord hereunder, if any, accruing after such sale, conveyance or assignment, and Tenant agrees to look solely to such purchaser, grantee or assignee with respect thereto. This Lease shall not be affected by any such
assignment, conveyance or sale, and Tenant agrees to attorn to the purchaser, grantee or assignee. 
 31.05
Headings. The headings of Articles and Sections are for convenience only and do not limit, expand or construe the contents of the Articles or Sections. 

  
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 31.06 Time of Essence. Time is of the essence of this Lease and of all
provisions hereof. 
 31.07 Default Rate of Interest. All amounts, including, without limitation, Base Rent and
Rent, owed by Tenant to Landlord pursuant to any provision of this Lease shall bear interest from the date due until paid at the lesser of: (a) the greater of (i) five percent (5%) in excess of the rate of interest announced from time
to time by Wachovia Bank, National Association (or its successors and assigns), as its prime, reference or corporate base rate (“Prime”), changing as and when said Prime rate changes, or (ii) ten percent (10%) per annum;
or (b) the maximum rate permissible by law (“Default Interest”). 
 31.08 Severability. The
invalidity of any provision of this Lease shall not impair or affect in any manner the validity, enforceability or effect of the rest of this Lease. 
 31.09 Entire Agreement. All understandings and agreements, oral or written, heretofore made between the parties hereto are merged in this Lease, which, together with that certain
Side-Letter Agreement between Landlord and Tenant dated as of the Effective Date (the “Side-Letter Agreement”), fully and completely express the agreement between Landlord (and its beneficiaries, if any, and their agents) and
Tenant. Notwithstanding anything in this Agreement to the contrary, upon the execution and delivery of this Lease and the Side-Letter Agreement by Landlord and Tenant, (a) this Lease and the Side-Letter Agreement shall supersede any previous
discussions, agreements and/or term or commitment letters relating to this Lease and the Side-Letter Agreement or the Transaction, including without limitation, that certain Letter of Intent dated March 31, 2006, between SKO Group Holding
Corp., on behalf of Tenant, and Spirit Finance Corporation, on behalf of Landlord, (b) the terms and conditions of this Lease and the Side-Letter Agreement shall control notwithstanding that such terms are inconsistent with or vary from those
set forth in any of the foregoing agreements, and (c) this Lease and the Side-Letter Agreement may only be amended by a written agreement executed by Landlord and Tenant. The provisions of this Section shall survive the expiration or earlier
termination of this Lease. 
 31.10 Force Majeure. If either party fails to perform timely any of the terms,
covenants and conditions of this Lease on such party’s part to be performed and such failure is due in whole or in part to any strike, lockout, civil disorder, inability to procure materials at commercially reasonable rates, prolonged failure
of power, riots, insurrections, war, fuel shortages, accidents, casualties, acts of God, acts caused directly or indirectly by the other party (or such other party’s agents, employees, contractors, licensees or invitees) or any other cause
beyond the reasonable control of such party (expressly excluding, however, the obligations imposed upon Tenant with respect to Base Rent and any other Rent to be paid hereunder) (“Force Majeure”), then such party shall not be deemed
in default under this Lease as a result of such failure and any time for performance by such party provided for herein shall be extended by the period of delay resulting from such cause. 

31.11 Memorandum of Lease. This Lease shall not be recorded. However, a memorandum of this Lease in the form attached
hereto as Exhibit G shall be executed, in recordable form, by both parties concurrently herewith and may be recorded by Tenant, at Tenant’s expense, with the official charged with recordation duties for any of the counties in

  
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which a Property Location is located, with directions that it be returned to Tenant. If, and when, an original memorandum of Lease is returned to Tenant following recording, Tenant shall furnish
a copy of same to Landlord. 
 31.12 No Construction Against Preparer. This Lease has been prepared by Tenant and
its professional advisors and reviewed by Landlord and its professional advisors. Landlord, Tenant and their separate advisors believe that this Lease is the product of their joint efforts, that it expresses their agreement, and that it should not
be interpreted in favor of either Landlord or Tenant or against either Landlord or Tenant merely because of their efforts in its preparation. 
 31.13 Waiver of Landlord’s Lien. Notwithstanding anything contained herein to the contrary, Landlord hereby waives any statutory liens and any rights of distress with respect to
Tenant’s Personalty. This Lease does not grant a contractual lien or any other security interest to Landlord or in favor of Landlord with respect to Tenant’s Personalty. Respecting any mortgagee or other lender of Tenant having a security
interest in Tenant’s Personalty (“Tenant’s Mortgagee”), Landlord agrees as follows: (a) to provide Tenant’s Mortgagee, upon written request of Tenant (accompanied by the name and address of Tenant’s
Mortgagee), with a copy of any default notice(s) given to Tenant under this Lease; provided, however, that (i) Landlord acknowledges and agrees that with respect to Wachovia Bank, National Association, as agent, as Tenant’s Mortgagee, such
Tenant request shall be deemed to have been made as of the Effective Date, and (ii) the failure to deliver such notice shall not constitute a default by Landlord hereunder, and (b) to allow Tenant’s Mortgagee, prior to any termination
of this Lease or repossession of the applicable Property Location by Landlord, the same notice rights and period of time to cure such default as is allowed Tenant under this Lease, and (c) to permit Tenant’s Mortgagee to go upon the
applicable Property Location for the purpose of removing Tenant’s Personalty any time within ninety (90) days after the effective date of any termination of this Lease or any repossession of the Premises or any part thereof by Landlord.
Landlord further agrees to execute and deliver the form of written waiver reasonably requested by Tenant’s Mortgagee from time to time to evidence or effect the aforesaid waiver and agreements of Landlord or substantially in the form attached
hereto as Exhibit F. 
 31.14 Investment Tax Credits. Landlord expressly waives and relinquishes in favor
of Tenant any rights to claim the benefit of or to use any federal or state investment tax credits that are currently, or may become, available during the Term as a result of any installation of any equipment, furniture or fixtures installed by
Tenant in or on the Premises whether or not such items become a part of the realty and agrees, without cost or liability to Landlord, to execute and deliver to Tenant any election form reasonably required to evidence Tenant’s right to claim
investment tax credits. 
 31.15 Signage. Tenant shall be entitled to place signs upon each Property Location
subject to any applicable Laws or any applicable REAs or Overleases. 
 31.16 Definition of CPI.
“CPI” means the Consumer Price Index which is designated for the applicable month of determination as the United States City Average for All Urban Consumers, All Items, Not Seasonally Adjusted, with a based period equaling 100 in
1982 — 1984, as published by the United States Department of Labor’s Bureau of Labor Statistics or any successor agency. In the event that the Consumer Price Index ceases to be published, its

  
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successor index as published by the same governmental authority which published the Consumer Price Index shall be substituted and any necessary reasonable adjustments shall be made by Landlord
and Tenant in order to carry out the intent of this Lease. In the event there is no successor index, Landlord shall reasonably select an alternative price index that will constitute a reasonable substitute for the Consumer Price Index. “CPI
Increase” shall mean the percentage change in the CPI for the month which is two months prior to the date of this Lease or the CPI used for the immediately preceding Adjustment Date, as applicable, and the CPI for the month which is two
months prior to the applicable Adjustment Date. 
 31.17 Financial Statements. 

(a) So long as (1) the provisions of Section 16.01(j) shall be in effect and (2) the purchase price paid by Spirit
Finance Corporation or an affiliate (“Spirit”) in respect of the Property Locations leased to Tenant hereunder on any measurement date and the Property Locations under the Other Lease on such measurement date, on an aggregate basis,
continues to exceed twenty percent (20%) of Spirit’s total assets as of the date of its most recent audited balance sheet (including any assets acquired subsequent to the date of that balance sheet if the acquisitions of those assets were
reported in a report on Form 8-K) then, Tenant shall deliver to Landlord the following financial statements: 
 (i) within
forty-five (45) days after the end of each fiscal quarter of Tenant (provided, however, that Tenant shall not be in Default under this Lease for failure to deliver the Holding Unaudited Financial Reports (defined below) unless such failure to
deliver the Holding Unaudited Financial Reports continues and is not cured within an additional fifteen (15) days after the aforesaid forty-five (45) day period), the interim unaudited (A) consolidated balance sheet, statement of
operations, statement of stockholders’ equity and statement of cash flows and all other related schedules for the fiscal period then ended of SKO Group Holding Corp. and its consolidated subsidiaries (the “Holding Unaudited Reporting
Financials”), which Tenant acknowledges shall be filed as part of Spirit’s Securities and Exchange Commission (“SEC”) reporting obligations; (B) such other financial information reasonably requested by Landlord to the
extent required for Landlord to satisfy its filing obligations under the rules and regulations of the SEC; and (C) income and expense statements for the business at each Property Location, in the form attached hereto as Exhibit J (such
information to be subject to the confidentiality and non-disclosure provisions set forth in Section 31.17(g)). 
 (ii)
within seventy-five (75) days after the end of each fiscal year of Tenant (provided, however, that so long as Tenant delivers to Landlord “draft” statements within the aforesaid seventy-five (75) day period, Tenant shall not be
in Default under this Lease for failure to deliver the Holding Audited Financial Reports (defined below) unless such failure to deliver the Holding Audited Financial Reports continues and is not cured within an additional ten (10) days after
the aforesaid seventy-five (75) day period), the audited (A) consolidated balance sheet, statement of operations, statement of stockholders’ equity and statement of cash flows and all other related schedules for the fiscal period then
ended of SKO Group Holding Corp. and its consolidated subsidiaries (the “Holding Audited Reporting Financials”), and together with the Holding Unaudited Reporting Financials, (the “Holding Reporting Financials”),
which Tenant acknowledges shall be filed as part of Spirit’s SEC reporting obligations; (B) such other financial information reasonably requested by Landlord to the extent required for Landlord to satisfy its

  
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filing obligations under the rules and regulations of the SEC; and (C) income and expense statements for the business at each Property Location (such information to be subject to the
confidentiality and non-disclosure provisions set forth in Section 31.17(g)). 
 (b) At such time as (1) the
provisions of Section 16.01(j) are no longer in effect and (2) the purchase price paid by Spirit in respect of the Property Locations leased to Tenant hereunder on any measurement date, on an aggregate basis, continues to exceed
twenty percent (20%) of Spirit’s total assets as of the date of its most recent audited balance sheet (including any assets acquired subsequent to the date of that balance sheet if the acquisitions of those assets were reported in a report
on Form 8-K) then, Tenant shall deliver to Landlord the following financial statements: 
 (i) within forty-five (45) days
after the end of each fiscal quarter of Tenant (provided, however, that Tenant shall not be in Default under this Lease for failure to deliver the Tenant Unaudited Financial Reports (defined below) unless such failure to deliver the Tenant Unaudited
Financial Reports continues and is not cured within an additional fifteen (15) days after the aforesaid forty-five (45) day period), the interim unaudited (A) consolidated balance sheet, statement of operations, statement of
stockholders’ equity and statement of cash flows and all other related schedules for the fiscal period then ended of Tenant and its consolidated subsidiaries (the “Tenant Unaudited Reporting Financials”); (B) such other
financial information reasonably requested by Landlord to the extent required for Spirit to satisfy its filing obligations under the rules and regulations of the SEC; and (C) income and expense statements for the business at each Property
Location (such information to be subject to the confidentiality and non-disclosure provisions set forth in Section 31.17(g)). 
 (ii) within seventy-five (75) days after the end of each fiscal year of Tenant (provided, however, that so long as Tenant delivers to Landlord “draft” statements within the aforesaid
seventy-five (75) day period, Tenant shall not be in Default under this Lease for failure to deliver the Tenant Audited Reporting Financials and Tenant Reporting Financials (each defined below) unless such failure to deliver the Tenant Audited
Reporting Financials and Tenant Reporting Financials continues and is not cured within an additional ten (10) days after the aforesaid seventy-five (75) day period), the audited (A) consolidated balance sheet, statement of operations,
statement of stockholders’ equity and statement of cash flows and all other related schedules for the fiscal period then ended of Tenant and its consolidated subsidiaries (the “Tenant Audited Reporting Financials” and together
with the Tenant Unaudited Reporting Financials, the “Tenant Reporting Financials”), (B) such other financial information reasonably requested by Landlord to the extent required for Spirit to satisfy its filing obligations under
the rules and regulations of the SEC; and (C) income and expense statements for the business at each Property Location (such information to be subject to the confidentiality and non-disclosure provisions set forth in Section 31.17(g)).

 (c) So long as (1) the provisions of Section 16.01(j) shall be in effect and (2) the purchase price
paid by Spirit in respect of the Property Locations leased to Tenant hereunder on any measurement date and the Property Locations under the Other Lease on such measurement date, on an aggregate basis, continues to exceed ten percent (10%) but
is less than twenty percent (20%) of Spirit’s total assets as of the date of its most recent audited balance sheet (including any assets acquired subsequent to the date of that balance sheet if the

  
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acquisitions of those assets were reported in a report on Form 8-K) then, Tenant shall deliver to Landlord such financial statements and information required for Spirit to comply with all
reporting requirements of the SEC. 
 (d) At such time as the provisions of Section 16.01(j) are no longer in
effect, and at all times thereafter during the Term of this Lease, Tenant shall deliver to Landlord the following financial statements: 
 (i) within forty-five (45) days after the end of each fiscal quarter of Tenant (provided, however, that Tenant shall not be in Default under this Lease for failure to deliver the following items
unless such failure to deliver same continues and is not cured within an additional fifteen (15) days after the aforesaid forty-five (45) day period), the (A) Tenant Unaudited Reporting Financials; (B) such other financial
information reasonably requested by Landlord to the extent required for Landlord to satisfy its filing obligations under the rules and regulations of the SEC; and (C) income and expense statements for the business at each of the Property
Locations (such information to be subject to the confidentiality and non-disclosure provisions set forth in Section 31.17(g)); and 
 (ii) within seventy-five (75) days after the end of each fiscal year of Tenant (provided, however, that so long as Tenant delivers to Landlord “draft” statements within the aforesaid
seventy-five (75) day period, Tenant shall not be in Default under this Lease for failure to deliver the following items unless such failure to deliver same continues and is not cured within an additional ten (10) days after the aforesaid
seventy-five (75) day period), the (A) Tenant Audited Reporting Financials; (B) such other financial information reasonably requested by Landlord to the extent required for Landlord to satisfy its filing obligations under the rules
and regulations of the SEC; and (C) income and expense statements for the business at each of the Property Locations (such information to be subject to the confidentiality and non-disclosure provisions set forth in Section 31.17(g)).

 (e) All financial statements to be provided hereunder shall be prepared in accordance with GAAP, and the Holding Reporting
Financials and the Tenant Reporting Financials will be prepared in accordance with Regulation S-X promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); provided that any unaudited Reporting
Financials will not be reviewed by independent public accountants. In the event of changes after the Effective Date in the rules and regulations of the SEC applicable to Tenant’s obligations hereunder, Landlord will reasonably cooperate with
Tenant to the extent Tenant wishes to appeal or otherwise seek exemptive relief from such requirements from the SEC, subject to Landlord’s obligation to timely file the applicable financial information. To the extent such changes are the sole
cause of an increase in the cost of compliance hereunder and under Section 31.17(e) of the Other Lease of more than Two Hundred Fifty Thousand Dollars ($250,000), in the aggregate on an annual basis, such additional reporting costs in
excess of Two Hundred Fifty Thousand Dollars ($250,000) on an annual basis (adjusted annually for the increase in the CPI) shall be paid by Landlord. 
 (f) At such time as (1) the provisions of Section 16.01(j) shall be in effect and (2) the purchase price paid by Spirit in respect of the Property Locations leased to Tenant
hereunder on any measurement date and the Property Locations under the Other Lease on such 

  
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measurement date, on an aggregate basis, no longer exceeds twenty percent (20%) of Spirit’s total assets as of the date of its most recent audited balance sheet (including any assets
acquired subsequent to the date of that balance sheet if the acquisitions of those assets were reported in a report on Form 8-K) then, the Holding Reporting Financials shall no longer be required to comply with Regulation S-X and Spirit shall no
longer include such Reporting Financials as part of its SEC filings. At such time as (i) the provisions of Section 16.01(j) are no longer in effect and (ii) the purchase price paid by Spirit in respect of the Property Locations
leased to Tenant hereunder on any measurement date, on an aggregate basis, no longer exceeds twenty percent (20%) of Spirit’s total assets as of the date of its most recent audited balance sheet (including any assets acquired subsequent to
the date of that balance sheet if the acquisitions of those assets were reported in a report on Form 8-K) then, the Tenant Reporting Financials shall no longer be required to comply with Regulation S-X and Spirit shall no longer include such
Reporting Financials as part of its SEC filings. 
 (g) Landlord agrees to treat as confidential, and to not disclose without
Tenant’s written consent, all income and expense statements for the business at each Property Location and any other information specific to a Property Location including, but not limited to, the reports generated by Tenant under
Section 31.17(j) (collectively, the “Confidential Information”); provided, however, that Confidential Information does not include information which (i) is already known to Landlord prior to receipt as evidenced by
prior documentation thereof or has been independently developed by Landlord on a non-confidential basis; (ii) is or becomes generally available to the public other than as a result of an improper disclosure by Landlord or its representatives;
(iii) becomes available to Landlord on a non-confidential basis from a source other than Tenant or any of its representatives, provided that such source is not, to Landlord’s knowledge, bound by a confidentiality agreement with or other
contractual, legal or fiduciary obligation of confidentiality to Tenant with respect to such information; or (iv) is disclosed pursuant to a requirement of a court, administrative agency or other regulatory or governmental body or is disclosed
pursuant to applicable law, rule or regulation. Notwithstanding the foregoing, Landlord may, without the written consent of Tenant, disclose any Confidential Information solely to a Mortgagee or trustee in connection with a Securitization or a
rating agency involved with respect to such Securitization (collectively, the “Disclosure Parties”) and the Disclosure Parties may further disclose the Confidential Information solely to B-piece buyers in connection with the
Securitization or an institutional investor that typically invests in Securitizations of this type and size (“Other Parties”) to the extent the Disclosure Parties customarily disclose the same to the Other Parties in connection with
the Securitization and to the extent requested by the Other Parties; provided that (A) the Disclosure Parties and the Other Parties are advised that the Confidential Information is confidential, (B) the Confidential Information may not be
placed in any prospectus, or other Securities offering material or other written materials by Landlord, or any Mortgagee, trustee or rating agency or any Affiliated Party, and (C) the Disclosure Parties and the Other Parties (other than the
rating agencies which are not required to execute a Confidentiality Agreement but may only disclose information to parties that have executed a Confidentiality Agreement), execute a confidentiality agreement substantially in the form attached hereto
as Schedule 31.17(g), or such other form as reasonably agreed upon by Tenant, Landlord, the Disclosure Parties, and/or the Other Parties (the “Confidentiality Agreement”). Notwithstanding anything to the contrary contained in
this Section, (a) in no event shall any Confidential Information be disclosed to any retailers, and (b) 

  
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Landlord and Tenant understand and agree that the Disclosure Parties may disclose aggregate, portfolio level financial information regarding Tenant and the Properties as a whole. 

(h) All financial statements to be provided hereunder shall be certified by the chief financial officer or administrative member of
Tenant, which certification shall be in the form of Schedule 31.17(h) attached hereto and shall state that such financial statements (i) are true, complete and correct in all material respects, (ii) fairly present, in all material
respects, the financial condition of Tenant as of the date of such reports, and (iii) satisfy the requirements set forth in Section 31.17. If Tenant discovers that its financial statements contain a misstatement or an omission in
any material respect, it shall promptly notify Landlord of same and take such actions as are reasonably necessary to correct such financial statements; provided, however, in no event shall Tenant willfully and intentionally misstate its financial
statements. In no event shall Tenant have any liability to Landlord or its affiliates in respect of any breach of the foregoing certification caused by Tenant’s negligence or gross negligence or, except as set forth in Section 16.01
and Section 16.02, for failure to perform its obligations under this Section 31.17. Landlord’s sole rights and remedies for a breach of this Section 31.17 shall be limited to those remedies that are available
to Landlord as set forth in Section 16.02 of this Lease. 
 (i) Tenant agrees that the Holding Audited Reporting
Financials and the Tenant Audited Reporting Financials shall be audited by, and the Holding Unaudited Reporting Financials and the Tenant Unaudited Reporting Financials shall be reviewed by, a nationally recognized accounting firm. Furthermore,
Tenant shall use commercially reasonable efforts to cause its accountants to deliver their consent in a timely manner to the inclusion of their audit opinion in any regulatory reports filed as part of Spirit’s SEC reporting obligation;
provided, however, that such accountants’ failure or refusal to consent shall not be a Default under this Lease. 
 (j)
Tenant agrees, as an accommodation to Landlord and for strictly informational purposes, to prepare and deliver to Landlord a report of each Property Location detailing the (i) sales per square foot at each individual Property Location,
(ii) occupancy costs of each Property Location, and (iii) capital expenditures of each Property Location, within forty-five (45) days after the end of each fiscal quarter and ninety (90) days after the close of each fiscal year
of Tenant, as applicable (such information to be subject to the confidentiality and nondisclosure provisions set forth in Section 31.17(g)); provided, however, that (1) the inaccuracy of any reports, (2) Tenant’s failure
to timely deliver such reports, and/or (3) any deficiency in such reports or any other failure to comply with this Section, shall not constitute a Default under this Lease. 

31.18 State-Specific-Provisions. The provisions and/or remedies which are set forth on the attached Exhibit H shall
be deemed a part of and included within the terms and conditions of this Lease. 
 31.19 Counterparts. This Lease
may be executed in one or more counterparts, each of which shall be deemed an original. 
 31.20 Mortgagee
Consent. With respect to any and all provisions of this Lease requiring Landlord’s consent, the refusal or failure of Landlord’s Mortgagee to grant consent (to 

  
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the extent required and applicable) shall be a reasonable basis for Landlord to withhold its consent. 
 31.21 Waiver of Jury Trial and Certain Damages. Landlord and Tenant hereby knowingly, voluntarily and intentionally waive the right either may have to a trial by jury with respect to any and
all issues presented in any action, proceeding, claim or counterclaim brought by either of the parties hereto against the other or its successors with respect to any matter arising out of or in connection with this Lease, the relationship of
Landlord and Tenant, Tenant’s use or occupancy of the Premises, and/or any claim for injury or damage, or any emergency or statutory remedy. This waiver by the parties hereto of any right either may have to a trial by jury has been negotiated
and is an essential aspect of their bargain. Furthermore, Tenant and Landlord hereby knowingly, voluntarily and intentionally waive the right each may have to seek punitive, consequential, special and indirect damages from the other or any of its
successors and assigns with respect to any and all issues presented in any action, proceeding, claim or counterclaim brought with respect to any matter arising out of or in connection with this Lease or any document contemplated herein or related
hereto. The waiver by Tenant and Landlord of any right each may have to seek punitive, consequential, special and indirect damages has been negotiated by the parties hereto and is an essential aspect of their bargain. 

31.22 Securitizations. As a material inducement to Landlord’s willingness to enter into this Lease, Tenant hereby
acknowledges and agrees that Landlord may, in connection with a Securitization from time to time and at any time (a) subject to Section 31.17(g), advertise, issue press releases, send direct mail or otherwise disclose information in
this Lease for marketing purposes; and (b) (i) act or permit another Person to act as sponsor, settler, transferor or depositor of, or a holder of interests in, one or more Persons or other arrangements formed pursuant to a trust
agreement, indenture, pooling agreement, participation agreement, sale and servicing agreement, limited liability company agreement, partnership agreement, articles of incorporation or similar agreement or document; and (ii) permit one or more
of such Persons or arrangements to offer and sell stock, certificates, bonds, notes, other evidences of indebtedness or securities that are directly or indirectly secured, collateralized or otherwise backed by or represent a direct or indirect
interest in whole or in part in any of the assets, rights or properties described in Section 12.04 of this Lease, in one or more Persons or arrangements holding such assets, rights or properties, or any of them (collectively, the
“Securities”), whether any such Securities are privately or publicly offered and sold, or rated or unrated (any combination of which actions and transactions described in both clauses (i) and (ii) in this paragraph,
whether proposed or completed, are referred to in this Lease as a “Securitization”). Tenant shall cooperate fully with Landlord and any Affected Party (defined below) with respect to all reasonable requests and due diligence
procedures and to use reasonable efforts to facilitate such Securitization, including, without limitation, but subject to Section 31.17(g), providing for inclusion in any prospectus or other Securities offering material such documents,
financial and other data, and other information and materials which would customarily be required with respect to Tenant by a purchaser, transferee, assignee, servicer, participant, investor or rating agency involved with respect to such
Securitization. For purposes of this Section 31.22, (1) “Affected Party” means each direct or indirect participant or investor in a proposed or completed Securitization, including, without limitation, any
prospective owner, any rating agency or any party to any agreement executed in connection with the Securitization, and (2) Landlord shall reimburse the reasonable costs and expenses incurred by Tenant in connection with its obligations under
this 

  
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Section 31.22, provided that such costs and expenses are in excess of the costs and expenses Tenant may incur in connection with the performance of its obligations under this Lease.

 31.23 No Merger. There shall be no merger of this Lease nor of the leasehold estate created by this Lease with
the fee estate in or ownership of any of the Premises by reason of the fact that the same person, corporation, firm or other entity may acquire or hold or own, directly or indirectly, (a) this Lease or the leasehold estate created by this Lease
or any interest in this Lease or in such leasehold estate, and (b) the fee estate or ownership of any of the Premises or any interest in such fee estate or ownership. No such merger shall occur unless and until all persons, corporations, firms
and other entities having any interest in (i) this Lease or the leasehold estate created by this Lease, and (ii) the fee estate in or ownership of the Premises or any part thereof sought to be merged shall join in a written instrument
effecting such merger and shall duly record the same. 
 31.24 Fair Market Rent. With respect to the determination
of the initial Base Rent for an Extension Period, if the parties are unable to agree upon an initial Base Rent that, taking into account the length of the Extension Period and the adjustments to the Base Rent during the Extension Period anticipated
under Section 2.01, results in fair market rent for the Extension Period (such initial Base Rent, the “FMV Base Rent”), then an independent MAI Appraiser (defined below) selected by agreement of the parties within ten
(10) days of said request shall prepare a determination of the FMV Base Rent. In making such determination, the appraiser shall consider rentals received in the general market area in which the Property Location is located for similar buildings
of comparable characteristics, including, but not limited to, comparable lease terms, age, condition and classification. If within ten (10) business days after being notified of the results of such appraisal, Landlord and/or Tenant elects to
reject that determination, then each of the parties shall name an additional independent MAI Appraiser within ten (10) days after such rejection. In the event the appraisers so named together with the originally named appraiser are unable to
agree on an FMV Base Rent then the determination shall be the amount agreed upon by the majority of said appraisers and reported to the parties within ten (10) days thereafter. In the event the parties are unable to select the appraiser in the
first instance, each shall select one appraiser within ten (10) days after the period for having agreed, and those two appraisers shall select a third appraiser (in absence of agreement as to the selection of said third independent appraiser,
such selection shall be made by a mediation process reasonably agreed upon by the parties or in absence of the same, by a court of competent jurisdiction). The costs and expenses of such appraisal, including the fees of the appraiser or appraisers,
shall be divided equally between Tenant and Landlord. The determination of the majority of the appraisers as to the FMV Base Rent shall be conclusive upon the parties and judgment upon the same may be entered in any court having jurisdiction
thereof. For purposes of this Section 31.24, “MAI Appraisers” shall mean firms or individuals, each of whom shall have not less than ten (10) years experience in appraising retail commercial real estate, preferably
in areas where a majority of the Property Locations are situated. The determination of the FMV Base Rent hereunder shall be made on a Property Location-by-Property Location basis, and the initial Base Rent for such Extension Period shall reflect the
FMV Base Rents as determined hereunder for the Property Locations with respect to which the related Extension Option was exercised. For purposes of this Section 31.24, “initial Base Rent” shall mean the annual Base Rent
in effect during the Extension Period until the first Adjustment Date during such Extension Period. 

  
 61 

 ARTICLE 32. 
 OVERLEASES 
 32.01 Overleases. This Article 32 applies
specifically to each Property Location that is a Leasehold Property, and shall apply, regardless of the identity of the Overlandlord. Because this Lease is a sublease as to each of the Leasehold Properties, this Article 32 inclusive shall be
applicable only to a Leasehold Property. The following provisions are in addition to the other provisions of this Lease which apply to all of the Property Locations, including the Leasehold Properties, and these following provisions shall not
substitute for or replace the other provisions in this Lease, except to the extent the following provisions conflict with the other provisions in this Lease, in which case these following provisions shall govern as to a Leasehold Property:

 (a) No Leasehold Property shall be used or occupied, or permitted or suffered to be used or occupied, by Landlord or Tenant
or any party claiming by or through Landlord or Tenant for any use, purpose or activity which is not permitted by the Overlease for such Leasehold Property. 
 (b) Tenant, insofar as applicable to the Premises, shall at its sole expense, (i) comply with the Overleases, and with all applicable Legal Requirements pursuant to the Overleases, and
(ii) notwithstanding the requirements of Article 6, comply pursuant to the Overleases with the requirements of all policies of insurance of whatsoever nature which are required to be maintained pursuant to the Overleases. 

(c) Tenant acknowledges that this Lease, and Tenant’s occupancy of a Leasehold Property, are subject to and subordinate to the
applicable Overlease. Tenant agrees that the terms, covenants, provisions and conditions of the Overleases applying to Landlord as the tenant thereunder shall apply directly to Tenant, and Tenant hereby does and shall assume and perform fully all
the duties, obligations, liabilities and undertakings of Landlord as the tenant under each and all of the Overleases, including as Rent under this Lease, payment of all the fixed, basic rents and additional rents and any and all other payments to be
made pursuant to the Overleases, whether arising before, on or after the Effective Date. In the event of any inconsistency between the terms, covenants, provisions and conditions of any such Overlease and the terms, covenants, provisions and
conditions of this Lease as the same applies to the Premises or common areas on a Leasehold Property, in that the Overlease imposes an obligation or liability on the tenant thereunder (and therefore on Tenant under this Lease by virtue of
Tenant’s assumption thereof) which is stricter or broader or more onerous or not covered by this Lease, then, even though the subject matter may be one which is the same in both the Overlease and this Lease, the terms, covenants, provisions and
conditions of the Overlease with respect to such obligation or liability shall control and be complied with by Tenant. Tenant and Landlord each agrees that it will not do, or cause or suffer to be done, any act (whether of commission or omission)
which would result in a breach of or default under any term, covenant, provision or condition of any Overlease. A default under an Overlease not caused by Tenant shall not constitute a default under this Lease. 

(d) Landlord shall have no responsibility or liability to provide any services to Tenant with respect to either the Premises, or for
performing any of the duties, obligations, liabilities or undertakings of any landlord or tenant under any Overlease as it applies to the 

  
 62 

 
Premises or to a Property Location. Landlord agrees, however, that in cases where Landlord’s cooperation is necessary to enforce rights of the tenant under any of the Overleases, Landlord
will use its reasonable efforts to cause the Overlandlords to perform their duties, obligations, liabilities and undertakings thereunder, provided Tenant agrees to and does bear the expense and reimburse Landlord (immediately upon demand) for any
and all expenses including reasonable experts and attorneys’ fees incurred by Landlord in connection therewith. To the extent that to do so does not prejudice or impair the rights and remedies intended to be enjoyed by Landlord under this Lease
and does not in any manner or to any degree impose (with respect to any Overlease) or increase (with respect to this Lease) the duties, obligations, liabilities or undertakings of Landlord and does not modify or terminate an Overlease, Landlord
agrees to otherwise cooperate with Tenant so that all of the rights and benefits of the Overleases intended to be enjoyed by the prime tenants thereunder shall be available to Tenant, except Tenant shall not have or enjoy any options to cancel or
terminate an Overlease, or surrender the premises covered by an Overlease, or to renew or to extend an Overlease (except as provided for in Section 32.01(q)), or to purchase the fee title, or to exercise rights of first refusal, or have
any rights to encumber, assign or sublet the interest of the tenant under the Overleases (except as provided for in Article 12), or rights to build additional buildings or improvements (except as provided for in Articles 11, 14 and
15). At Tenant’s full cost and expense and without expense to Landlord, Tenant may obtain from each Overlandlord a non-disturbance agreement in form and substance reasonably acceptable to Tenant. 

(e) In addition to other indemnification provisions by Tenant in this Lease, and not in limitation thereof, Tenant hereby agrees to
indemnify, save, protect, defend and hold harmless the Landlord Indemnified Parties from and against any and all liabilities, suits, obligations, fines, damages, penalties, claims, costs, charges and expenses (including experts’ and
attorney’s fees) imposed upon or incurred by the Landlord Indemnified Parties, that may be based on or asserted or alleged to be based on any breach by Tenant of any term, covenant, provision or condition of any Overlease arising before or
during the Term of this Lease. 
 (f) In the event of any Casualty Event, or in the event of any Condemnation of all or part of
any Leasehold Property, the terms, covenants, provisions and conditions of the Overlease for such Leasehold Property shall not be the controlling instrument as between Landlord and Tenant, but the provisions of this Lease relating to such event
shall control exclusively between Landlord and Tenant. 
 (g) Landlord shall not amend or modify any Overlease without
Tenant’s consent, which consent may be withheld, delayed or conditioned at Tenant’s sole discretion, for any reason or for no reason. Landlord shall not voluntarily terminate or consent to any termination of such Overlease for any reason
without Tenant’s written consent, which consent may be withheld, delayed or conditioned at Tenant’s sole discretion, for any reason or for no reason. If either Tenant defaults under an Overlease or Landlord acts or fails to act in a manner
which results in a default under an Overlease, then the other party (upon reasonable advance written notice to the defaulting party, unless the Overlease is in imminent danger of termination, in which case notice that is feasible under the
circumstances shall be given to the defaulting party) may cure such default (but shall have no obligation to do so) if after the notice the defaulting party fails to take steps to effect such cure. 

  
 63 

 (h) Subject to Section 32.01 (d), the performance by Overlandlord of
Overlandlord’s obligations in accordance with any of the Overleases, shall, for all purposes, be accepted by Tenant, and shall be deemed to be the performance of such obligations by Landlord under the provisions of such Overlease and also under
this Lease to the extent the obligations are the same, and in such case Tenant shall neither look to Landlord for performance of such obligations nor seek to hold Landlord liable for performance of such obligations or for the manner of performance
of such obligations or for any default in performance or non-performance of such obligations. 
 (i) Whenever, by reason of
Tenant’s assumption of all the obligations contained in an Overlease as provided in this Article 32 or otherwise, any provision of the Overlease requires the tenant thereunder to make any payment of any money, including the fixed, base
rent payable thereunder, or requires such tenant to take any action within a certain period of time (whether with or without notice), then, notwithstanding that a provision in this Lease calls for such payment to be made or action to be taken at a
different time, Tenant shall make such payment to the Overlandlord, Landlord or other appropriate third party or take such action, as the case may be, within the shorter of the time specified in this Lease or the time specified in the Overlease; and
if such payment or other action is required to be paid or taken within a specified time period after notice or receipt of an invoice, then upon such notice or upon receipt of such invoice, Tenant shall make such payment or take such other action, as
the case may be, no later than five (5) business days prior to the last day of such time period (excluding, however, installments of fixed or base rent or other payments due under the Overleases which shall be paid by Tenant directly to the
Overlandlord pursuant to the Overlease). 
 (j) Whenever any provision of an Overlease requires the Overlandlord to give notice
or submit an invoice to the tenant thereunder and Landlord has received such notice or invoice but the Overlandlord has not given Tenant such notice or invoice directly, then Landlord shall notify Tenant by sending Tenant a copy of said notice or
invoice. Such notification by Landlord to Tenant of said Overlandlord’s notice or invoice shall for all purposes hereunder be deemed timely given if sent to Tenant within five (5) business days after receipt by Landlord of the notice from
Overlandlord. 
 (k) Whenever any provision of an Overlease requires the tenant under the Overlease to obtain the
Overlandlord’s consent for any purpose, including obtaining consent prior to the undertaking of an act or proposed act, and Tenant desires such consent, such provision shall for all purposes hereunder be deemed to require the prior written
consent of both Overlandlord and Landlord; provided, however, if Landlord is willing to consent, Landlord, at Tenant’s expense, shall cooperate to a reasonable extent with Tenant to obtain the Overlandlord’s consent provided Tenant pays
all Landlord’s expenses, including reasonable attorneys’ fees, in Landlord’s extending such cooperation. 
 (1)
If Tenant contends that Overlandlord is not observing, complying with or performing its obligations under the Overlease, Tenant shall have the right to notify Landlord of a default of the Overlandlord which notice shall specify the nature of such
default. Within five (5) business days after its receipt of such notice, Landlord shall give written notice to Overlandlord (in the manner required by the Overlease), which notice shall specify the nature of such claimed default in the same
manner as was specified in Tenant’s notice to Landlord. 

  
 64 

 
Landlord further agrees to extend assistance to and cooperate with Tenant in order to effectuate a cure of any alleged default, provided that all costs and expenses, including reasonable
attorneys’ fees, in connection therewith are borne by Tenant. If (i) Tenant shall have given written notice to Landlord of such default by the Overlandlord, as aforesaid, (ii) the Overlease allows withholding of such payments from the
Overlandlord and (iii) Landlord consents in writing, Tenant also shall have the right to withhold payments of that portion of the Overlease rent payable to the Overlandlord which is payable by Landlord (as tenant) at that time under the
Overlease in accordance with the applicable provision, if any, of the Overlease allowing such withholding of rent. Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties from and against any and all Losses
arising from or related to any matter described in this Section 32.01(1). 
 (m) Whenever in this Lease rights or
privileges are granted to Landlord or Tenant with respect to any matter or thing, such rights or privileges shall be exercisable by Landlord insofar as the same are not inconsistent with, or in violation of, the terms, covenants and conditions of
the Overlease with respect to the same matter or thing and the terms, rights and privileges granted to Landlord and Tenant herein, but where the rights and privileges granted by the Overlease to the tenant thereunder exceed the rights and privileges
granted in this Lease to Landlord or Tenant, then Landlord or Tenant shall exercise such rights and privileges only to the extent expressly permitted herein if the result of exercising the greater rights or privileges in the Overlease would be
detrimental to the other party hereto. 
 (n) Subject to the other provisions of this Article 32, if an Overlease would need to
be extended by Landlord exercising an extension option in that Overlease in order to match Tenant’s exercise of an Extension Option under this Lease, then, as a condition for Tenant’s Extension Option to be validly exercised under this
Lease, Tenant must give Landlord notice of Tenant’s exercise of the Extension Option under this Lease at least thirty (30) days prior to the deadline set forth in the Overlease for validly exercising the extension option under the
Overlease, time being of the essence. 
 (o) As to each Leasehold Property, upon Tenant’s written
notice, Landlord, subject to the proviso in this sentence and subject also to the other provisions and conditions in this Article 32, shall from time to time exercise Landlord’s rights to the extent necessary and to the extent available
to Landlord, in order to extend the term of the Overlease applicable to that Leasehold Property until at least the Expiration Date; provided, however Landlord need not (i) exercise its extension rights if on the date Landlord’s notice of
extension of the Overlease is to be given to the landlord under an Overlease (each, an “Overlandlord” and collectively, the “Overlandlords”), a Default on the part of Tenant then exists under this Lease, and
(ii) exercise the extension of an Overlease until the one hundred eightieth (180th ) day prior to the deadline for exercising such Overlease extension pursuant to its terms (or until the first (1st) day that such Overlease extension option may be exercised by Landlord if such date would occur less than one
hundred eighty (180) days after the date of Tenant’s notice advising Landlord to exercise the extension option), and Landlord simultaneously provides Tenant with written confirmation of same. In the event Landlord fails to timely exercise
the extension option, as provided above, Landlord hereby grants Tenant the right to exercise such extension option on Landlord’s behalf and, in furtherance thereof, grants Tenant a limited power of attorney to acknowledge, deliver and execute,
on Landlord’s behalf, such documentation as is required to effectuate the exercise 

  
 65 

 
of the extension option. Tenant shall provide Landlord with copies of any documentation relating to Tenant’s exercise of an extension option made on Landlord’s behalf. To the extent
that the term of any Overlease, as extended, extends beyond the Expiration Date of the Master Lease, Landlord, at its sole cost and expense, bears the obligation to pay any rent applicable to such period under the Overlease. If Tenant does not
request that Landlord (or Landlord is not required due to Tenant’s Default as described above) to exercise any option available to Landlord to extend the term of an Overlease and Landlord does not, in fact, exercise such extension option, then
(i) this Lease shall terminate as to the Leasehold Property, (ii) Landlord and Tenant shall modify this Lease to remove such Leasehold Property that is subject to the Overlease as to which Landlord did not exercise the extension option
effective as of the date of expiration of the subject Overlease, without reduction in Base Rent, (iii) following such removal, this Lease shall continue in full force and effect as to the remaining Property Locations, (iv) Tenant shall
surrender to Landlord that portion of the Premises upon which the Leasehold Property is located, and (v) Tenant shall have no further responsibility to Landlord with respect to such removed Leasehold Property, except for such indemnity or other
provisions of this Lease which may relate to such removed Leasehold Property. 
 (p) As to any period before the end of the
initial Term of this Lease, Tenant shall have the right to notify Landlord by sending Landlord a written notice stating expressly that Tenant desires Landlord not to exercise an extension option under an Overlease and that Tenant desires the
Overlease to expire. The notice must be received by Landlord not less than one hundred twenty (120) days before the last day on which Landlord is required to exercise its extension option under the Overlease, time being of the essence. If
Landlord receives such notice, Landlord may either intentionally fail to exercise the Overlease extension option and permit the Overlease to expire, or Landlord may exercise its extension option for Landlord’s own account. In either case,
(i) this Lease shall terminate as to the Leasehold Property, (ii) Landlord and Tenant shall modify this Lease to remove such Leasehold Property that is subject to the Overlease effective as of the date of expiration of the subject
Overlease or the date the extension period of the Overlease commences, as applicable, without reduction in Base Rent, (iii) following such removal, this Lease shall continue in full force and effect as to the remaining Property Locations,
(iv) Tenant shall surrender to Landlord that portion of the Premises upon which the Leasehold Property is located, and (v) Tenant shall have no further responsibility to Landlord with respect to such removed Leasehold Property, except for
such indemnity or other provisions of this Lease which may relate to such removed Leasehold Property. 
 (q)
When Landlord sends a notice to an Overlandlord extending the term of the Overlease, Landlord will send a copy of that notice to Tenant. Within thirty (30) days after receipt by Landlord of a notice from Tenant extending this Lease in
accordance with and subject to the provisions and conditions in Sections 32.01 (n), (o) and (p), Landlord will send its own extension notice to the Overlandlord (when extension is necessary) extending the Overlease. If Tenant does not
receive from Landlord the copy of Landlord’s extension notice to the Overlandlord by the thirtieth (30th) day after the date Tenant had sent its own valid notice to Landlord and also has not received a notice from Landlord disputing Landlord’s duty to exercise an option to extend the Overlease, then,
in such case, Tenant itself may exercise the extension option under the Overlease, on Landlord’s behalf and acting in place and stead of Landlord, by notice to the Overlandlord. 

  
 66 

 (r) If any Overlease does not contain sufficient extension options for Landlord (as tenant
thereunder) to be able to keep granting Tenant extensions thereof as to any Leasehold Property to match the term of this Lease or Tenant’s exercise of an extension option in accordance with this Lease, and the leasehold estate of that Leasehold
Property shall therefore expire before the then current term of this Lease will have expired, then in each such case (i) that particular Leasehold Property shall no longer be part of the Premises under this Lease, (ii) without liability to
Landlord, this Lease shall terminate as to the Leasehold Location, (iii) Landlord and Tenant shall modify this Lease to remove such Leasehold Property that is subject to the expired Overlease effective as of the date of expiration of the
subject Overlease, without reduction in Base Rent, (iv) following such removal, this Lease shall continue in full force and effect as to the remaining Property Locations, (v) Tenant shall surrender to Landlord that portion of the Premises
upon which the Leasehold Property is located, and (vi) Tenant shall have no further responsibility to Landlord with respect to such removed Leasehold Property, except for such indemnity or other provisions of this Lease which may relate to such
removed Leasehold Property. 
 (s) Landlord hereby agrees to indemnify, save, protect, defend and hold Tenant harmless from and
against any and all actual damages and out-of-pocket costs and expenses (including experts’ and attorneys’ fees) imposed upon or incurred by Tenant as a result of any default under an Overlease on behalf of the tenant thereunder that is
directly the result of the actions of Landlord or omissions of Landlord including, but not limited to, (i) a transfer or assignment in breach of an Overlease, or (ii) the failure of Landlord to pay rents and/or other amounts due under an
Overlease where an Overlease Reserve has been established for such amounts; provided, however, Landlord hereby agrees to indemnify, save, protect, defend and hold Tenant harmless from and against any and all Losses resulting from the occurrence of
an event described in clauses (i) and/or (ii) above. 
 (t) The parties acknowledge that the Overlease related to
Store No. 141, located in Burlington, Iowa (“Store 141”), contains an option to purchase the Store No. 141 real estate (the “Store 141 Property”) at fair market value, exercisable on January 1, 2007
or on January 1, 2012 (the “Option”). Landlord shall exercise the Option on either January 1, 2007 or January 1, 2012 (such date selection to be at Landlord’s sole discretion), and upon Landlord’s
acquisition of the Store 141 Property, (i) the Store 141 Property shall be converted from a Leasehold Property to a Fee Property without further action of Landlord or Tenant hereunder, (ii) any ground lease payments previously made by
Tenant to the Overlease Landlord shall be made by Tenant directly to Landlord includible as Base Rent hereunder, and (iii) subject to Sections 2.01 and 32.01(t)(ii) hereunder, the Base Rent shall remain the same. 

[SIGNATURES CONTAINED ON FOLLOWING PAGE] 

  
 67 

 IN WITNESS WHEREOF, the parties hereto have caused this Lease to be executed as of the date
first written above. 
  

					
	 LANDLORD:
	 		 	TENANT:
			
	 SPIRIT SPE PORTFOLIO 2006-1, LLC, a

Delaware limited liability company
	 		 	 SHOPKO STORES OPERATING CO., LLC,
 a Delaware limited liability company

  

									
	 By:
	 	 /s/ Michael T. Bennett
	 		 	By:	 	/s/ Peter Vandenhouten
	 Name:
	 	Michael T. Bennett	 		 	Name:	 	Peter Vandenhouten
	 Its:
	 	Senior Vice President	 		 	Its:	 	Secretary

  

							
	 LANDLORD:
	 		 	
				
	 SPIRIT SPE PORTFOLIO 2006-2, LLC, a
	 		 		 	
	 Delaware limited liability company
	 		 		 	

  

							
	By:	 	/s/ Michael T. Bennett
	Name:	 	Michael T. Bennett
	Name:	 	Senior Vice President

  
 68 

 EXHIBIT A-1 
 LIST OF FEE PROPERTIES 
  

																	
	 Store
#
	 	  	 Concept
	  	 Address
	  	 City
	  	ST	 	  	Zip	 
	 	2	  	  	ShopKo	  	301 Bay Park Square	  	Green Bay	  	 	WI	  	  	 	54304	  
	 	3	  	  	ShopKo	  	3415 Calumet Ave	  	Manitowoc	  	 	WI	  	  	 	54220	  
	 	4	  	  	ShopKo	  	2430 E. Mason St	  	Green Bay	  	 	WI	  	  	 	54302	  
	 	5	  	  	ShopKo	  	230 N. Wisconsin St	  	De Pere	  	 	WI	  	  	 	54115	  
	 	7	  	  	ShopKo	  	4344 Mormon Coulee Rd	  	La Crosse	  	 	WI	  	  	 	54601	  
	 	8	  	  	ShopKo	  	1105 E. Grand Ave	  	Rothschild	  	 	WI	  	  	 	54474	  
	 	9	  	  	ShopKo	  	1306 N. Central Ave	  	Marshfield	  	 	WI	  	  	 	54449	  
	 	10	  	  	ShopKo	  	1150 West Washington St	  	Marquette	  	 	MI	  	  	 	49855	  
	 	11	  	  	ShopKo	  	500 South Carpenter Ave	  	Kingsford	  	 	MI	  	  	 	49802	  
	 	12	  	  	ShopKo	  	1100 E Riverview Expressway	  	Wisconsin Rapids	  	 	WI	  	  	 	54494	  
	 	15	  	  	ShopKo	  	1000 W. Northland Ave	  	Appleton	  	 	WI	  	  	 	54914	  
	 	16	  	  	ShopKo	  	2530 First Avenue North	  	Escanaba	  	 	MI	  	  	 	49829	  
	 	17	  	  	ShopKo	  	4161 Second Street South	  	Saint Cloud	  	 	MN	  	  	 	56301	  
	 	18	  	  	ShopKo	  	1710 South Main St	  	West Bend	  	 	WI	  	  	 	53095	  
	 	19	  	  	ShopKo	  	701 South Church St	  	Watertown	  	 	WI	  	  	 	53094	  
	 	21	  	  	ShopKo	  	1850 Madison Ave	  	Mankato	  	 	MN	  	  	 	56001	  
	 	22	  	  	ShopKo	  	1900 North Main St	  	Mitchell	  	 	SD	  	  	 	57301	  
	 	23	  	  	ShopKo	  	125 Main St North	  	Hutchinson	  	 	MN	  	  	 	55350	  
	 	24	  	  	ShopKo	  	955 W. Clairemont Ave	  	Eau Claire	  	 	WI	  	  	 	54701	  

  
 A-1-1

																	
	 Store
#
	 	  	 Concept
	  	 Address
	  	 City
	  	ST	 	  	Zip	 
	 	25	  	  	ShopKo	  	1200 Susan Drive	  	Marshall	  	 	MN	  	  	 	56258	  
	 	26	  	  	ShopKo	  	2761 Prairie Ave	  	Beloit	  	 	WI	  	  	 	53511	  
	 	27	  	  	ShopKo	  	4801 Washington Ave	  	Racine	  	 	WI	  	  	 	53406	  
	 	28	  	  	ShopKo	  	800 E. Maes St	  	Kimberly	  	 	WI	  	  	 	54136	  
	 	29	  	  	ShopKo	  	7401 Mineral Point Rd	  	Madison	  	 	WI	  	  	 	53717	  
	 	30	  	  	ShopKo	  	2500 US Highway 14	  	Janesville	  	 	WI	  	  	 	53547	  
	 	31	  	  	ShopKo	  	5300 52nd St	  	Kenosha	  	 	WI	  	  	 	53144	  
	 	32	  	  	ShopKo	  	2101 W. Broadway	  	Monona	  	 	WI	  	  	 	53713	  
	 	33	  	  	ShopKo	  	1578 Appleton Rd	  	Menasha	  	 	WI	  	  	 	54952	  
	 	34	  	  	ShopKo	  	2602 Shopko Dr	  	Madison	  	 	WI	  	  	 	53704	  
	 	35	  	  	ShopKo	  	2820 Highway 63 South	  	Rochester	  	 	MN	  	  	 	55904	  
	 	36	  	  	ShopKo	  	3708 Highway 63 North	  	Rochester	  	 	MN	  	  	 	55906	  
	 	37	  	  	ShopKo	  	2677 S. Prairie View Road	  	Lake Hallie	  	 	WI	  	  	 	54729	  
	 	38	  	  	ShopKo	  	2208 North Webb Rd	  	Grand Island	  	 	NE	  	  	 	68803	  
	 	39	  	  	ShopKo	  	4200 South 27th St	  	Lincoln	  	 	NE	  	  	 	68502	  
	 	41	  	  	ShopKo	  	1209 18th Ave Northwest	  	Austin	  	 	MN	  	  	 	55912	  
	 	42	  	  	ShopKo	  	1300 Koeller St	  	Oshkosh	  	 	WI	  	  	 	54902	  
	 	45	  	  	ShopKo	  	601 Galvin Rd South	  	Bellevue	  	 	NE	  	  	 	68005	  
	 	46	  	  	ShopKo	  	5646 North 90th St	  	Omaha	  	 	NE	  	  	 	68134	  
	 	48	  	  	ShopKo	  	2005 Krenzien Dr	  	Norfolk	  	 	NE	  	  	 	68701	  
	 	49	  	  	ShopKo	  	500 N. Highway 281	  	Aberdeen	  	 	SD	  	  	 	57401	  
	 	50	  	  	ShopKo	  	616 West Johnson St	  	Fond Du Lac	  	 	WI	  	  	 	54935	  
	 	51	  	  	ShopKo	  	1425 Janesville Ave	  	Fort Atkinson	  	 	WI	  	  	 	53538	  

  
 A-1-2

																	
	 Store

#
	 	  	 Concept
	  	 Address
	  	 City
	  	ST	 	  	Zip	 
	 	52	  	  	ShopKo	  	615 South Monroe	  	Mason City	  	 	IA	  	  	 	50401	  
	 	53	  	  	ShopKo	  	510 East Philip Ave	  	North Platte	  	 	NE	  	  	 	69101	  
	 	54	  	  	ShopKo	  	700 9th Ave SE	  	Watertown	  	 	SD	  	  	 	57201	  
	 	55	  	  	ShopKo	  	1200 Main St	  	Stevens Point	  	 	WI	  	  	 	54481	  
	 	56	  	  	ShopKo	  	14445 W. Center Rd	  	Omaha	  	 	NE	  	  	 	68144	  
	 	57	  	  	ShopKo	  	405 Cottonwood Dr	  	Winona	  	 	MN	  	  	 	55987	  
	 	58	  	  	ShopKo	  	1755 North Humiston Ave	  	Worthington	  	 	MN	  	  	 	56187	  
	 	59	  	  	ShopKo	  	1001 South Highway 15	  	Fairmont	  	 	MN	  	  	 	56031	  
	 	60	  	  	ShopKo	  	2610 North Bridge Ave	  	Albert Lea	  	 	MN	  	  	 	56007	  
	 	61	  	  	ShopKo	  	501 Highway 10 Southeast	  	Saint Cloud	  	 	MN	  	  	 	56304	  
	 	62	  	  	ShopKo	  	301 Northwest Bypass	  	Great Falls	  	 	MT	  	  	 	59404	  
	 	63	  	  	ShopKo	  	4215 Yellowstone Highway	  	Pocatello	  	 	ID	  	  	 	83202	  
	 	64	  	  	ShopKo	  	2100 Caldwell Blvd	  	Nampa	  	 	ID	  	  	 	83651	  
	 	66	  	  	ShopKo	  	North 9520 Newport Highway	  	Spokane	  	 	WA	  	  	 	99218	  
	 	67	  	  	ShopKo	  	1649 Pole Line Rd East	  	Twin Falls	  	 	ID	  	  	 	83301	  
	 	68	  	  	ShopKo	  	800 E. 17th St	  	Idaho Falls	  	 	ID	  	  	 	83404	  
	 	69	  	  	ShopKo	  	217 West Ironwood Dr	  	Coeur D’Alene	  	 	ID	  	  	 	83814	  
	 	75	  	  	ShopKo	  	2510 South Reserve St	  	Missoula	  	 	MT	  	  	 	59801	  
	 	76	  	  	ShopKo	  	1601 W. 41st St	  	Sioux Falls	  	 	SD	  	  	 	57105	  
	 	78	  	  	ShopKo	  	1845 Haines Ave	  	Rapid City	  	 	SD	  	  	 	57701	  
	 	80	  	  	ShopKo	  	2201 Zeier Rd	  	Madison	  	 	WI	  	  	 	53704	  
	 	81	  	  	ShopKo	  	5801 Summit View Ave	  	Yakima	  	 	WA	  	  	 	98908	  
	 	84	  	  	ShopKo	  	1553 West 9000 South	  	West Jordan	  	 	UT	  	  	 	84088	  

  
 A-1-3

																	
	 Store

#
	 	  	Concept	  	 Address
	  	City	  	ST	 	  	Zip	 
	 	86	  	  	ShopKo	  	2266 N. University Parkway	  	Provo	  	 	UT	  	  	 	84604	  
	 	87	  	  	ShopKo	  	1018 Washington Blvd	  	Ogden	  	 	UT	  	  	 	84404	  
	 	88	  	  	ShopKo	  	1150 North Main St	  	Layton	  	 	UT	  	  	 	84041	  
	 	89	  	  	ShopKo	  	1600 W. Rose St	  	Walla Walla	  	 	WA	  	  	 	99362	  
	 	90	  	  	ShopKo	  	1771 Wisconsin Ave	  	Grafton	  	 	WI	  	  	 	53024	  
	 	92	  	  	ShopKo	  	867 N. Columbia Center Blvd.	  	Kennewick	  	 	WA	  	  	 	99336	  
	 	95	  	  	ShopKo	  	2655 Broadway Ave	  	Boise	  	 	ID	  	  	 	83706	  
	 	96	  	  	ShopKo	  	55 Lake Blvd	  	Redding	  	 	CA	  	  	 	96003	  
	 	97	  	  	ShopKo	  	4850 West 3500 South	  	West Valley City	  	 	UT	  	  	 	84120	  
	 	99	  	  	ShopKo	  	9366 State Highway 16	  	Onalaska	  	 	WI	  	  	 	54650	  
	 	100	  	  	ShopKo	  	699 Green Bay Rd	  	Neenah	  	 	WI	  	  	 	54956	  
	 	102	  	  	ShopKo	  	2741 Roosevelt St	  	Marinette	  	 	WI	  	  	 	54143	  
	 	104	  	  	ShopKo	  	747 South Main St	  	Brigham City	  	 	UT	  	  	 	84302	  
	 	106	  	  	ShopKo	  	905 S 24th West	  	Billings	  	 	MT	  	  	 	59102	  
	 	107	  	  	ShopKo	  	190 South 500 West	  	West Bountiful	  	 	UT	  	  	 	84010	  
	 	108	  	  	ShopKo	  	955 North Main St	  	Spanish Fork	  	 	UT	  	  	 	84660	  
	 	109	  	  	ShopKo	  	4060 Riverdale Rd	  	Riverdale	  	 	UT	  	  	 	84405	  
	 	110	  	  	ShopKo	  	2290 South 1300 East	  	Salt Lake City	  	 	UT	  	  	 	84106	  
	 	112	  	  	ShopKo	  	3101 Montana Ave	  	Helena	  	 	MT	  	  	 	59602	  
	 	114	  	  	ShopKo	  	801 West Central Entrance	  	Duluth	  	 	MN	  	  	 	55811	  
	 	116	  	  	ShopKo	  	518 S. Taylor Dr	  	Sheboygan	  	 	WI	  	  	 	53081	  
	 	119	  	  	ShopKo	  	1350 North Galena Ave	  	Dixon	  	 	IL	  	  	 	61021	  
	 	120	  	  	ShopKo	  	405 West 8th St	  	Monroe	  	 	WI	  	  	 	53566	  

  
 A-1-4

																	
	 Store
#
	 	  	Concept	  	 Address
	  	City	  	ST	 	  	Zip	 
	 	123	  	  	ShopKo	  	900 West Memorial Dr	  	Houghton	  	 	MI	  	  	 	44931	  
	 	125	  	  	ShopKo	  	555 West South St	  	Freeport	  	 	IL	  	  	 	61032	  
	 	127	  	  	ShopKo	  	1450 East Geneva St	  	Delavan	  	 	WI	  	  	 	53115	  
	 	129	  	  	ShopKo	  	4515 South Regal St	  	Spokane	  	 	WA	  	  	 	99223	  
	 	130	  	  	ShopKo	  	1777 Paulson Rd	  	River Falls	  	 	WI	  	  	 	54022	  
	 	132	  	  	ShopKo	  	320 Highway O	  	Rice Lake	  	 	WI	  	  	 	54868	  
	 	133	  	  	ShopKo	  	1400 Big Thunder Blvd	  	Belvidere	  	 	IL	  	  	 	61008	  
	 	134	  	  	ShopKo	  	1450 South Grand Ave	  	Pullman	  	 	WA	  	  	 	99163	  
	 	139	  	  	ShopKo	  	3200 Broadway St	  	Quincy	  	 	IL	  	  	 	62301	  
	 	140	  	  	ShopKo	  	1964 West Morton Ave	  	Jacksonville	  	 	IL	  	  	 	62650	  
	 	145	  	  	ShopKo	  	1190 North 6th St	  	Monmouth	  	 	IL	  	  	 	61462	  
	 	500	  	  	ShopKo HQ	  	700 Pilgrim Way	  	Green Bay	  	 	WI	  	  	 	54304	  
	 	501	  	  	ShopKo Exp	  	3705 Monroe Rd	  	De Pere	  	 	WI	  	  	 	54115	  
	 	502	  	  	ShopKo Exp	  	2585 Lineville Rd	  	Green Bay	  	 	WI	  	  	 	54313	  
	 	503	  	  	ShopKo Exp	  	1011 N Wisconsin St	  	Port Washington	  	 	WI	  	  	 	53074	  
	 	997	  	  	ShopKo Dist Ctr	  	1001 East Gowen Rd	  	Boise	  	 	ID	  	  	 	83716	  
	 	998	  	  	ShopKo Dist Ctr	  	10808 South 132nd St	  	Omaha	  	 	NE	  	  	 	68138	  
	 	999	  	  	ShopKo Dist Ctr	  	1717 Lawrence Dr	  	De Pere	  	 	WI	  	  	 	54115	  
	 	OL	  	  	ShopKo Optical Lab	  	1450 West Main Ave	  	De Pere	  	 	WI	  	  	 	54115	  

 107                 SHOPKO PROPERTIES

  
 A-1-5

 EXHIBIT A-2 
 LIST OF LEASEHOLD PROPERTIES 
  

	1.	#070   13414 East Sprague Avenue, Spokane, Washington 99216 

 

	2.	#072   2120 Thain Grade, Lewiston, Idaho 83501 

  

	3.	#073   2530 Rudkin Road, Union Gap, Washington 98903 

  

	4.	#091   1341 North Main Street, Logan, Utah 84341 

  

	5.	#141   313 North Roosevelt Avenue, Burlington, Iowa 52601 

  
 A-2-1

 EXHIBIT A-3 
 LEGAL DESCRIPTION OF EACH PARCEL 
 (To Be Attached) 

  
 A-3-1

 LEGAL DESCRIPTION 
 Lot Two (2), Volume 45 Certified Surveys Maps, Page 265, said map being part of Private Claim 20, West side of Fox River, Village of Ashwaubenon, Brown County, Wisconsin; Except any part thereof used for
street purposes. 
 Together with the non-exclusive easements created in that certain Reciprocal Easement and Operating Agreement, recorded in
Volume 3637, Page 42, as Document No. 929681; as amended in Amended and Restated Reciprocal Easement and Operating Agreement recorded in Volume 5054, Page 34, as Document No. 967921; as further amended in Volume 24079, Page 7, as Document
No. 1426015; and as Document No. 1669972 and as Document No. 1939053. 
 Tax I.D.: VA-132-1-4 

Ashwaubenon, WI (Store 2) 

 LEGAL DESCRIPTION 
 Lot Numbered Three (3) of a Certified Survey in Lots Number Eleven (11) and Lot Number Twelve (12) of the Subdivision of the Southeast Quarter (SEl/4) of Section Number Twenty-five (25),
Township Number Nineteen (19) North, Range Number Twenty-three (23) East, in the City of Manitowoc, as recorded in the Office of the Register of Deeds for Manitowoc County, Wisconsin, in Volume 25 of Certified Survey Maps, page 149,
#993980. 
 TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED IN MANITOWOC CROSS-EASEMENT AGREEMENT, RECORDED IN VOLUME 580, PAGE 394, #522993;
AS AMENDED IN VOLUME 629, PAGE 218, #547986; AND IN VOLUME 1075, PAGE 585, #734462. 
 Tax Key No. Part 52-725-000-122.00 

Manitowoc, WI (Store 3) 

 LEGAL DESCRIPTION 
 Parcel I 
 Lots One (1), Volume 51 Certified Survey Maps, page 93, Map No. 7471, said map
being part of Lot 1, Volume 22 Certified Survey Maps, page 334, being part of Lots Ten (10), Eleven (11) and Twelve (12), Plat of East Town Shopping Center, in the City of Green Bay, East side of Fox River, Brown County, Wisconsin. 

Parcel II 
 Ingress and Egress easement created
by instrument, dated July 31, 1981 and recorded August 11, 1981, in Jacket 4947, Image 21, as Document No. 964941; instrument dated December 3, 1981 and recorded December 3, 1981, in Jacket 5129, Image 34, as Document
No. 970136; instrument dated November 5, 1981 and recorded December 3, 1981, in Jacket 5133, Image 2, as Document No. 970137; instrument dated August 25, 1988 and recorded August 31, 1988 in Jacket 23562, Image 1, as
Document No. 1163750; instrument dated June 10, 1988, as Document No. 1624163; instrument dated March 10, 2000, as Document No. 1748352; and instrument dated March 1, 2003 and recorded April 8, 2003, as Document
No. 1999247. 
 Parcel III 

Together with non-exclusive easements set forth in Declaration of Cross-Easements and Covenants and Restrictions Affecting Land by ShopKo SPE Real Estate,
LLC, a Delaware limited liability company, recorded as Document No. 2245756. 
 Tax I.D.: 21-126-11 

Green Bay, WI (Store 4) 

 LEGAL DESCRIPTION 
 Parcel I: 
 (A) Lot Two (2), Volume 15 Certified Survey Maps, Page 21, Map No. 2915; said map
being part of Lots One (1) through Twelve (12), inclusive, and the vacated alley of Block Twenty (20); and Lots One (1) through Three (3), inclusive, and Lots Ten (10) through Twelve (12), inclusive, and part of Lots Four (4) and
Nine (9) and part of vacated alley in Block Twenty-four (24); and Lots Four (4) through Eight (8), inclusive, and part of Lot Nine (9) and part of the vacated alley of Block Twenty-three (23); and part of vacated Williams and
Wisconsin Streets; all according to the recorded Original Plat of the Village (now City) of De Pere, in the City of De Pere, East side of Fox River, Brown County, Wisconsin. 
 (B) Rights created under a Cross-Easement Agreement by and between ShopKo Stores, Inc. and the Redevelopment Authority of the City of De Pere, Wisconsin, dated July 8, 1985 and recorded July 9,
1985 in Jacket 9153 Records Image 31, as Document No. 1053439, and as amended by Amendment No. 1 to Cross-Easement Agreement dated February 1, 1989 and recorded February 20, 1989 in Jacket 14056 Records Image 10, as Document
No. 1176186. 
 (C) Easement as described in Item #1 of Grant of Easements dated July 8, 1985 and recorded on July 9, 1985 in
Jacket 9154 Records Image 29, as Document No. 1053440. 
 Parcel II: 
 (A) Lot Three (3), Volume 15 Certified Survey Maps, Page 21, Map No. 2915; said map being part of Lots One (1) through Six (6), and Eight (8), through Twelve (12), Block Twenty (20), according
to the recorded Original Plat of De Pere, in the City of De Pere, East side of Fox River, Brown County, Wisconsin. 
 (B) Rights created under a
Cross-Easement Agreement by and between ShopKo Stores, Inc. and the Redevelopment Authority of the City of De Pere, Wisconsin, dated July 8, 1985 and recorded July 9, 1985 in Jacket 9153 Records Image 31, as Document No. 1053439, and
as amended by Amendment No. 1 to Cross-Easement Agreement dated February 1, 1989 and recorded February 20, 1989 in Jacket 14056 Records Image 10, as Document No. 1176186. 
 TAX I.D.: ED-875; ED-861 
 De Pere, WI (Store 5) 

 LEGAL DESCRIPTION 
 Part of the West half of the Southeast quarter (W 1/2-SE 1/4) of Section 16, Township 15 North, Range 7 West, City of La Crosse, La Crosse County, Wisconsin, described as follows: Commencing at the
Northwest corner of Joseph Boschert’s Suburban Addition to the Town of Shelby, a La Crosse County survey marker; thence North 89° 54’ 40” East 774.44 feet along the North line of Shelby Road to a 2-inch iron pipe in the concrete
on the East line of Bank Drive and the point of beginning of this description; thence North 00° 05’ 20” West 52.19 feet along said East line to a 2-inch iron pipe in the concrete; thence North 21° 02’ 40” West 302.42 feet
along said East line to a 2- inch iron pipe in the concrete; thence continue along said East line 52.40 feet along the arc of a curve, concave to the Southwest, whose radius is 1393.31 feet and whose chord bears North 22° 07’ 18” West
52.40 feet to a 1-1/4 inch iron pipe; thence North 51° 55’ 27” East 250.0 feet to a 1-1/4 inch iron pipe; thence North 38° 16’ 25” West 113.42 feet to a 1-1/4 inch iron pipe; thence North 51° 43’ 35” East
315.71 feet to a 1-1/4 inch iron pipe on the Westerly line of USH #14- 61; thence South 38° 16’ 25” East 471.97 feet along said Westerly line to a 1-1/4 inch iron pipe in the centerline of vacated Markle Road; thence South 01°
35’ 23” West 331.49 feet along said centerline to a 1-1/4 inch iron pipe on the North line of Shelby Road; thence South 47° 23’ 40” West 137.26 feet along said North line to 2-inch iron pipe in concrete; thence continue along
said North line 74.21 feet along the arc of a curve, concave to the Northwest, whose radius is 100.0 feet and whose chord bears South 68° 39’ 10” West 72.51 feet to a 2- inch iron pipe in the concrete; thence South 89° 54’
40” West 360.57 feet along said North line to the point of beginning. 
 EXCEPT the following described parcel: Part of Certified Survey
Map #100, Doc. #1385583, filed in Volume 11 of La Crosse County Certified Survey Maps, Page 100, City of La Crosse, La Crosse County, Wisconsin, described as follows: Commencing at the North quarter corner of Section 16; thence South 01°
23’ 58” West 2624.79 feet to the center quarter corner of said Section 16; thence South 29° 47’ 07” East 2539.75 feet to the Southwesterly right of way line of Mormon Coulee Road; thence South 01° 33’ 58”
West 81.38 feet to the point of beginning of this EXCEPTION; thence South 01° 33’ 58” West 250.23 feet to the Northerly right of way line of Shelby Road; thence along said right of way line South 47° 19’ 52” West 46.19
feet; thence North 38° 16’ 16” West 193,43 feet; thence North 51° 06’ 10” East 206.36 feet to the point of beginning of this EXCEPTION. 
 Together with the non-exclusive easements created in cross-easement, first refusal and party wall agreement, recorded in volume 602, page 489, 3877847; as amended by documents recorded in volume 621, page
421, #891186; volume 663, page 611, #918980; document no. 1383573 and document no. 1384271. 
 TAX I.D.: 17-50323-500 

La Crosse, WI (Store 7) 

 LEGAL DESCRIPTION 
 Parcel 4 of certified Survey Map No. 1335 recorded in the Office of the Register of Deeds for Marathon County, Wisconsin in Volume 6 of certified Survey Maps, Page 16; being a part of the Southeast
1/4 of the Northeast 1/4 of Section 24, Township 28 North, Range 7 East, and being a part of Lots 6, 7 and 8, Block 1 and Lots 4 and 5, Block 2, Berlik’s Park View Lots, and also being a part of vacated first and Mary Streets, all in the
village of Rothschild, Marathon County, Wisconsin; Excepting those parts thereof described in deeds recorded in the register of deeds office for Marathon County, Wisconsin, in Volume 277 of Micro- Records on Page 1107 and in Volume 432 of
Micro-Records on Page 1138. 
 Together with the rights granted under cross easement agreements recorded in the office of the register of deeds
for Marathon County, Wisconsin, in Volume 252 of Micro-Records on Page 730, as Document No. 715080, re-recorded in Volume 261 of Micro-Records on Page 363, as Document No. 722415; and in Volume 254 of Micro-Records on Page 706 as Document
No. 716759, re-recorded in Volume 261 Micro-Records on Page 384, as Document No. 722416. 
 TAX I.D.: 54-0050-001-008-00-00

 Rothschild, WI (Store 8) 

 LEGAL DESCRIPTION 
 That part of that Northeast 1/4 of Section 5, in Township 25 North, Range 3 East, in the City of Marshfield, Wood County, Wisconsin, described as follows: 

Beginning at the northwest corner of the intersection of Kalsched Street and Central Avenue; Thence northerly along the West Line of Central Avenue a
distance of 661 feet to the southwest corner of the intersection of Upham Street and Central Avenue; Thence westerly along the South line of Upham Street 1014.7 feet to a point in the East line of Chestnut Avenue, if extended; Thence southerly along
the East line of said Chestnut Avenue, if extended, 595.85 feet to the North line of Kalsched Street; Thence easterly along the North line of Kalsched Street 727.3 feet to the point of beginning except the following: 

A. That parcel described as follows: 

Commencing at the northwest corner of the intersection of Central Avenue and Kalsched Street; Thence northeasterly along the westerly line of Central
Avenue 320 feet to a point; Thence westerly parallel to the North line of Kalsched Street 400 feet to a point; Thence southwesterly and parallel to the westerly line of Central Avenue to a point which is 150 feet North at right angles from North
line of Kalsched Street; Thence westerly parallel to the northerly line of Kalsched Street 106 feet to a point; Thence southerly at right angles to the northerly line of Kalsched Street 150 feet to the Northerly line of Kalsched Street; Thence
easterly along the northerly line of Kalsched Street 437 1/2 feet to the point of beginning (“retained portion); 
 B. And that part
described as follows: 
 Beginning at the southwest corner of the intersection of Central Avenue and Upham Street; Thence westerly along the
South line of Upham Street 300 feet to a point; Thence southwesterly parallel to the westerly line of Central Avenue 125 feet to a point; Thence easterly parallel to the South line of Upham Street 300 feet to a point in the westerly line of Central
Avenue; Thence northeasterly along the westerly line of Central Avenue 125 feet to the point of beginning. 
 C. That part of the Northeast 1/4
of Section 5, in Township 25 North, Range 3 East, in Marshfield, Wood County, Wisconsin, described as follows: 
 Commencing at the
northwest corner of the intersection of Kalsched Street and Central Avenue; Thence northerly along the West line of Central Avenue a distance of 320 feet to the point of beginning; Thence West and parallel with Upham Street a distance of 57 feet;
Thence North to a point coinciding with the southerly line of excepted Parcel B in a Warranty Deed dated January 19, 1968, by and between Edward G. Koller and Margaret M. Koller, his wife and Marshfield Developers, a co-partnership; said point
being 147 feet West of the West line of Central Avenue; Thence East 147 feet along said southerly line above described to the West line of Central Avenue; Thence South along the West line of Central Avenue to the point of beginning. 

Marshfield, WI (Store 9) 

 D. That part of the Northeast 1/4 of Section 5, in Township 25 North, Range 3 East, in the City of
Marshfield, Wood County, Wisconsin, described as follows: 
 Commencing at the northwest corner of the intersection of Central Avenue and
Kalsched Street; Thence westerly along the northerly line of Kalsched Street 437 1/2 feet to the point of beginning; Thence continuing westerly along the North line of Kalsched Street a distance of 100 feet; Thence North at right angles a distance
of 74.58 feet; Thence East at right angles and parallel to the northerly line of Kalsched Street a distance of 14.8 feet; Thence South at right angles a distance of 12.7 feet; Thence easterly at right angles and parallel to the northerly line of
Kalsched Street a distance of 19.3 feet; Thence northerly and at right angles a distance of 12.7 feet; Thence East at right angles and parallel to the northerly line of Kalsched Street a distance of 65.9 feet; Thence South at right angles a distance
of 74.58 feet to the point of beginning. 
 That part of the northeast 1/4 of Section 5, in Township 25 North, Range 3 East, in the City of
Marshfield, Wood County, Wisconsin, described as follows: 
 Commencing at the northwest corner of the intersection of Central Avenue and
Kalsched Street; Thence westerly along the northerly line of Kalsched Street 437 1/2 feet; Thence North and at right angles a distance of 74.5 feet to the point of beginning; Thence continuing North a distance of 76.42 feet; Thence East at right
angles and parallel to the North line of Kalsched Street a distance of 67.08 feet; Thence South at right angles a distance of 76.42 feet; Thence West and parallel to the North line of Kalsched Street a distance of 67.08 feet to the point of
beginning. 
 Also insuring access for ingress and egress from the insured premises to Central Avenue over the present driveway of the
“retained parcel” referred to in Volume 391 Deeds on Page 173, Wood County records as shown on Foth & Vandyke & Associates Survey Map No. 2896 dated August 11, 1983, as Exception A. 

TOGETHER WITH AN EASEMENT TO MAINTAIN, REPAIR, RESTORE AND REPLACE BUILDING ENCROACHMENTS AND AN EASEMENT FOR A PYLON SIGN AS SET FORTH IN AGREEMENT RE
ENCROACHMENTS, PARTY WALL, SIGN AND COMMON AREA MAINTENANCE, RECORDED IN VOLUME 547, PAGE 731 AS AMENDED BY AMENDMENT TO ENCROACHMENT, PARTY WALL, SIGN EASEMENT AND COMMON AREA MAINTENANCE AGREEMENT RECORDED AS DOCUMENT NO. 2003R124230. 

TAX I.D.: 33-03215 
 Marshfield, WI (Store 9)

 LEGAL DESCRIPTION 
 PARCEL 1: 
 Land situated and being in the City of Marquette, County of Marquette, and State of
Michigan, described as follows: 
 Part of the East 3/8 of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4), part of the
Northeast Quarter of the Northwest Quarter (NE 1/4 of NW 1/4), and part of Block 3 of the West End Addition, all in Section 22, Township 48 North, Range 25 West, more fully described as: 
 Commencing at the Northwest corner of said Section 22; thence South 89°35’08” East, 817.25 feet along the North line of said Section 22; thence South 00°15’25” East,
561.32 feet along the West line of said East 3/8 of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) to the Point of Beginning; thence South 72°16’00” East, 397.61 feet along the South right-of-way line of West Ridge
Street (formerly Westwood Road); thence South 78°02’44” East, 183.80 feet along the said South right-of-way line of West Ridge Street; thence South 00°51’00” East, 39.73 feet; thence South 57°00’00” East
58.89 feet (incorrectly described as 55.71 feet in Liber 332, page 502 of Deeds); thence South 46°00’00” East, 26.19 feet; thence South 00°51’00” East, 46.55 feet; thence South 46°00’00” East, 187.52 feet
along the old Southerly right-of-way line of Westwood Road; thence South 34°00’00” East along the said old Southerly right-of-way line of Westwood Road to the South line of Bluff Street extended; thence West along the said South line
of Bluff Street Extended to the East line of the West 1/8 of the said Northeast Quarter of the Northwest Quarter (NE 1/4 of NW 1/4); thence North along said East line to the West 1/8 of the Northeast Quarter of the Northwest Quarter (NE 1/4 of NW
1/4) to a point which is 315 feet North of the North right-of-way line of Washington Street (said right-of-way being 100 feet North of the Centerline of said street); thence West, 315 feet North of and parallel to the said North right-of-way line of
Washington Street to the East line of the said Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4); thence South 340 feet along the said East line of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) to the said North
right-of-way line of Washington Street (said right-of-way line being 75 feet North of the Centerline of said Street); thence Westerly along the said North right-of-way line of Washington Street to a point which is 188.36 feet East along said
right-of-way line from the said West line of the East 3/8 of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of Section 22; thence North 00°10’53” East, 96.61; thence North 89°47’07” West, 80.58
feet; thence North 00°15’25” West, 54.70 feet; thence North 87°18’21” West, 108.50 feet to a point on the said West line of the East 3/8 of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of
Section 22, which is North 00°15’25” West 150.00 feet from the said North right-of-way line of Washington Street; thence North 00°15’25” West 557.43 feet along the said West line of the East 3/8 of said Northwest
Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of Section 22 to the Point of Beginning; and 
 PARCEL 2: 

That part of the West 5/8ths of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of Section 22, Township 48 North, Range 25 West,
City of Marquette, County of Marquette, and State of Michigan, described as follows: 
 Commencing at the Northwest corner of said
Section 22; thence South 89°35’30” East (Bearing Base Gourdie-Fraser and Assoc. Shopko Survey 1974) 817.39 feet along the North line of Section 22 to the East line of the West 5/8ths of the Northwest Quarter of the Northwest
Quarter (NW 1/4 of NW 1/4); thence South 0°15’25” East, 534.35 feet along the East line of the West 5/8ths to the South 

Marquette, MI (Store 10) 

 
line of Westwood Road, and continuing South 0°15’25” East, 307.50 feet along the East 5/8ths line to a 1/2 inch rod set in cement, this being the Point of Beginning of
this description; thence North 84°40’25” West, 276.90 feet to a concrete monument on the East line of the Elks parcel (Liber 311 of Deeds, page 457); thence North 0°29’25” West, 314.90 feet to a 1 1/4 inch iron pipe on
old fence line on the South side of Westwood Road (former DH&O RR); thence Easterly on a curve to the right along said Right-of-Way to the East line of the West 5/8ths of the Northwest Quarter of Northwest Quarter (NW 1/4 of NW 1/4); thence
South 0°15’25” East, 307.50 feet, more or less, to the Point of Beginning; EXCEPTING therefrom the Right-of-Way for Westwood Road; 
 and FURTHER EXCEPTING therefrom that part of the West 5/8 of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of Section 22, Township 48 North, Range 25 West, in the City of
Marquette, Marquette County, and State of Michigan, described as follows: Commencing at the Northwest corner of said Section 22; thence South 89°35’08” East, 817.25 feet (recorded in Liber 350 of Deeds, page 495, and Liber 329 of
Deeds, page 579, as South 89°35’30” East, 817.39 feet) along the North line of said Section 22 to the East line of the West 5/8 of the said Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of Section 22; thence
South 00°15’25” East, 816.85 feet along the said East line of the West 5/8 of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of Section 22, to the Point of Beginning; thence continuing South
00°15’25” East, 25.00 feet along the said East line of the West 5/8 of the Northwest Quarter of the Northwest Quarter (NW 1/4 of NW 1/4) of Section 22; thence North 84°40’25” West, 276.10 feet along the North line of
a parcel described in Liber 329 of Deeds, page 579; thence North 0°29’25” West, 25.00 feet along the East line of the Elks Parcel described in Liber 311 of Deeds, page 457; thence South 84°40’25” East, 276.20 feet to the
Point of Beginning; and 
 PARCELS 3 AND 4: Those certain parcels of land being part of the West End Addition, and part of the Northeast Quarter
of the Northwest Quarter (NE 1/4 of NW 1/4) of Section 22, Township 48 North, Range 25 West, described as: 
 Commencing at the Northwest
corner of Block 3, West End Addition; thence S00°51’27”E, 320.02’ along the West line of Block 3 to the Point of Beginning; thence S89°16’27”E, 111.83’ to the Westerly right-of-way line of McClellan Avenue;
thence S00°51’37”E, 50.00’; thence N89°16’27”W, 111.72’ to the West line of Block 3; thence N89°32’25”W, 50.78’; thence N33°47’12”W, 36,04’; thence
N45°54’30”W, 29.76’; thence S89°32’25”E, 90.97’ to the Point of Beginning; and 
 Commencing at the
Northwest corner of the Northeast Quarter of the Northwest Quarter (NE 1/4 of NW 1/4) of Section 22; thence S00°10’20”E, 932.95’ along the West line of the Northeast Quarter of the Northwest Quarter (NE 1/4 of NW 1/4) to the
Point of Beginning; thence continuing S00°10’20”E, 315.00’ along the West line of the Northeast Quarter of the Northwest Quarter (NE 1/4 of NW 1/4) to the North right-of-way line of Washington Street; thence
S89°29’20”E, 164.52’ along the North right-of-way line of Washington Street; thence N00°13’33”W, 315.02’; thence N89°29’20”W, 164.22’ to the Point of Beginning. 

Together with non-exclusive easement rights created by Cross-Easement Agreement as disclosed by instrument recorded in Liber 119 of Miscellaneous
Records, page 191, as assigned in Liber 137 of Miscellaneous Records, page 691. 
 Tax I.D.: 52-52-005-137-40, as to Parcels 1, 3 and 4

 Tax I.D.: 52-52-005-136-30, as to Parcel 2 
 Marquette, MI (Store 10) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the County of Dickinson, City of Kingsford, State of Michigan, is described as follows: 
 PARCEL C 
 That part of the South 1/2 of the Northeast 1/4 of Section 1, Township 39 North,
Range 31 West, City of Kingsford, Dickinson County, Michigan, described as follows: 
 Commencing at the North 1/4 corner of said
Section 1; thence South 00 degrees 32 minutes 37 seconds East, along the North -South quarter line, a distance of 1,575.75 feet; thence North 89 degrees 52 minutes 05 seconds East, a distance of 1,170.99 feet to the Point of Beginning; thence
continue North 89 degrees 52 minutes 05 seconds East along said line, a distance of 329.27 feet; thence South 00 degrees 07 minutes 56 seconds East, a distance of 220.52 feet; thence North 89 degrees 52 minutes 05 seconds East, a distance of 250.59
feet to the West right of way line of Carpenter Avenue; thence South 05 degrees 12 minutes 54 seconds West along said West line, a distance of 74.75 feet; thence South 89 degrees 15 minutes 42 seconds West, a distance of 218.53 feet; thence South 00
degrees 44 minutes 18 seconds East, a distance of 291.84 feet to the North line of East Boulevard; thence South 89 degrees 15 minutes 43 seconds West, along said North line, a distance of 541.24 feet; thence North 00 degrees 42 minutes 53 seconds
West, a distance of 452.25 feet; thence North 89 degrees 48 minutes 35 seconds East, a distance of 189.75 feet; thence North 00 degrees 41 minutes 50 seconds West, a distance of 142.39 feet to the Point of Beginning. 

EASEMENT PARCELS 
 Together with an access
easement over, under and across and part of the South 1/2 of the Northeast 1/4 of Section 1, Township 39 North, Range 31 West, City of Kingsford, Dickinson County, Michigan, described as follows: 

Commencing at the North 1/4 corner of said Section 1; thence South 00 degrees 32 minutes 37 seconds East, along the North-South quarter line, a
distance of 1,575.75 feet to its intersection with the Westerly extension of the North line of Parcel C; thence North 89 degrees 52 minutes 05 seconds East, along said Westerly extension and North line, a distance of 1,294.90 feet to the Point of
Beginning of said easement; thence continue North 89 degrees 52 minutes 05 seconds East, along said North line, a distance of 205.36 feet to the Northwest corner of Parcel A; thence South 00 degrees 07 minutes 56 seconds East along the West line of
said Parcel A, a distance of 220.52 feet to the Southwest corner of said Parcel A; thence North 89 degrees 52 minutes 05 seconds East, along the South line of said Parcel A, a distance of 250.59 feet to the Southeast corner of said Parcel A; thence
South 05 degrees 12 minutes 55 seconds West, along the West right of way line of Carpenter Avenue, a distance of 74.75 feet to the Northeast corner of Parcel B; thence South 89 degrees 15 minutes 43 seconds West, along the North line of said Parcel
B a distance of 218.53 feet to the Northwest corner of said Parcel B; thence South 00 degrees 44 minutes 18 seconds East, along the West line of said Parcel B, a distance of 291.84 feet to the North right of way line of East Boulevard; thence South
89 degrees 15 minutes 43 seconds West, along said North line, a distance of 228.07 feet; thence North 00 degrees 39 minutes 53 seconds West, a distance of 591.51 feet to the Point of Beginning. 

Together with non-exclusive easement rights created by Declaration of Cross-Easements, and Covenants and Restrictions Affecting the Land executed by
Shopko Properties, Inc., and Iron Mountain/Kingsford Community Federal Credit Union recorded in Liber 356 of Records, pages 833 through 866. 

Tax ID No.: Part of Tax Item No. 22-052-001-038-00 and 22-052-001-039-00 
 Kingsford, MI (Store 11) 

 LEGAL DESCRIPTION 
 Lot 1 of WOOD COUNTY CERTIFIED SURVEY MAP 8277, recorded in Volume 28, of C.S.M.’s on page 177, being part of re-subdivided Lot 6 of WOOD COUNTY CERTIFIED SURVEY MAP 2003, recorded in Volume 7 of
C.S.M.’s on page 203, which is part of Lots 9, 10, 15 and 16 of the East Side Annex Assessor’s Plat No. 28, recorded in Volume 11 of Plats, page 104, as document no 519898, located in the Northwest 1/4 of the Northeast 1/4 of
Section 20, Town 22 North, Range 6 East, City of Wisconsin Rapids, Wood County, Wisconsin. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS
CREATED BY THAT CERTAIN CROSS-EASEMENT AND SITE RESTRICTION AGREEMENT RECORDED IN VOLUME 488, PAGE 699, AS DOCUMENT NO. 583414; AS AMENDED IN: VOLUME 554, PAGE 889, AS DOCUMENT NO. 686929; VOLUME 556, PAGE 93, AS DOCUMENT NO. 687121; VOLUME 760,
PAGE 224, AS DOCUMENT NO. 781388 AND VOLUME 943, PAGE 824, AS DOCUMENT NO. 848911. 
 Tax Item No. 34-11796, covers more land 

Wisconsin Rapids, WI (Store 12) 

 LEGAL DESCRIPTION 
 PARCEL I 
 All that part of the Southeast 1/4 of Section Fifteen (15), Township 21 North, Range 17,
East in the City of Appleton, Outagamie County, Wisconsin, described as follows: 
 Commencing at the Southeast corner of said Section Fifteen
(15); thence North 0° 34’ East 312.88 feet; thence South 45° 40’ West 388.19 feet; thence North 89° 14’ West 1,041.1 feet to the point of beginning; thence North 0° 34’ East 623.4 feet; thence North 89°
14’ West 464.4 feet; thence South 0° 34’ West 623.4 feet; thence South 89° 14’ East 464.4 feet to the point of beginning. 
 PARCEL II 
 All that part of the Southeast 1/4 of Section 15, Township 21 North, Range 17
East, in the City of Appleton, Outagamie County, Wisconsin, described as follows: 
 Commencing at the Southeast corner of said Section Fifteen
(15); thence North 0° 34’ East 312.88 feet; thence South 45° 40’ West 388.19 feet; thence North 89° 14’ West 805.5 feet to the point of beginning; thence North 0° 34’ East 286 ft.; thence North 89° 14’
West 235.6 ft.; thence South 0° 34’ West 286 ft.; thence South 89° 14’ East 235.6 ft. to the point of beginning. 
 TOGETHER
WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN CROSS EASEMENT AGREEMENT RECORDED IN JACKET 4197, IMAGE 6-42, AS DOCUMENT NO. 833941; AS AMENDED IN JACKET 4477, IMAGE 1-5, AS DOCUMENT NO. 841113 AND IN JACKET 5066, IMAGE 1-25, AS DOCUMENT
NO. 855482. 
 TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY MUTUAL EASEMENT AGREEMENT RECORDED ON JANUARY 22, 1986 IN JACKET 6010, IMAGE
18-33 AS DOCUMENT NO. 877936. 
 TAX I.D.: 315-949406 
 Appleton, WI (Store 15) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the County of Delta, City of Escanaba, State of Michigan, is described as follows: 
 Part of the South half of the Northeast quarter of Section 25, Township 39 North, Range 23 West, in the City of Escanaba, Delta County, Michigan, described as follows: 

From the East quarter corner of Section 25, Township 39 North, Range 23 West, measure North 00 degrees 39 minutes East along the East line of said
Section a distance of 211.81 feet; thence measure North 89 degrees 14 minutes 40 seconds West a distance of 50.0 feet to a point on the North right-of-way line of 1st Avenue North and the West right-of-way line of State Highway M-35; thence measure
North 89 degrees 58 minutes West along said North right-of-way line a distance of 881.10 feet to the point of beginning of the land herein described; thence continue North 89 degrees 58 minutes West along said North right-of-way line a distance of
446.38 feet; thence North 00 degrees 02 minutes East a distance of 686.48 feet to the South right-of-way line of 3rd Avenue North (formerly known as the C.NW. Railroad right-of-way); thence North 84 degrees 50 minutes East along said right-of-way
line a distance of 449.36 feet; thence South 00 degrees 05 minutes 39 seconds West a distance of 366.06 feet; thence South 00 degrees 07 minutes 47 seconds West a distance of 69.0 feet; thence North 89 degrees 52 minutes 13 seconds West a distance
of 23.38 feet; thence South 00 degrees 07 minutes 47 seconds West a distance of 192.0 feet; thence South 89 degrees 52 minutes 13 seconds East a distance of 23.38 feet; thence South 00 degrees 07 minutes 47 seconds West a distance of 100.0 feet to
the point of beginning. 
 Together with non-exclusive easement rights created by Reciprocal Easement Agreement as disclosed by instrument
recorded in Liber 10 Miscellaneous, page 135. 
 Together with non-exclusive easement rights created by Cross Easement Agreement and Addendum as
disclosed by instrument recorded in Liber 353 Records, page 932; and Liber 353 Records, page 972; First Amendment to Cross Easement Agreement recorded in Liber 383 Records, page 210; Assignment of Cross Easement Agreement recorded in Liber 397
Records, page 403. 
 Tax Parcel Number 21-051-420-2825-200-022 
 Tax Parcel Number 21-051-430-0000-356-000 
 Escanaba, MI (Store 16) 

 LEGAL DESCRIPTION 
 Lot 3 Block 1 of SHOPKO, Stearns County, Minnesota, recorded as document number 1167162 
 Together
with non-exclusive easement rights created by Cross-Easement Agreement by and between Shopko Stores, Inc., a Minnesota corporation, and Marcellus P. Knoblach, Trustee of the Marcellus P. Knoblach Revocable Trust, as contained in Document
No. 682514, dated August 21, 1990, recorded August 30, 1990, First Amendment to Cross-Easement as contained in Document No. 715269, dated March 26, 1992, recorded April 07, 1992, Second Amendment to Cross-Easement as
contained in Document No. 724995, dated July 09, 1992, recorded August 17, 1992, and Third Amendment to Cross-Easement, as contained in Document No. 765936, dated December 21, 1993, recorded January 12, 1994.

 Together with non-exclusive easement rights created by Cross-Access Agreement by CSM Investors, Inc., a Minnesota corporation, and Shopko
Stores, Inc., a Minnesota corporation, as contained in Document No. 755486, dated September 03, 1993, recorded September 14, 1993. 
 Tax I.D.: R82.47407.000; R82.47407.041; R47407.077 
 St. Cloud, MN (Store 17) 

 LEGAL DESCRIPTION 
 Parcel 2 of Certified Survey Map No. 3198 recorded on March 23, 1988, in Volume 19 on Page 1, as Document No. 525074, being a redivision of Parcels 1, 2 and Certified Survey Map
No. 3034 and lands all being a part of the Northeast 1/4 and Southeast 1/4 of the Southeast 1/4 of Section 23, Township 1 North, Range 19 East, City of West Bend, Washington County, Wisconsin. 

TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN CROSS-EASEMENT AGREEMENT, RECORDED IN VOLUME 938, PAGE 529, DOCUMENT NO. 509905, AS
AMENDED IN VOLUME 953, PAGE 47, DOCUMENT NO. 515392. 
 TAX I.D. 291-1119-234-0014 
 West Bend, WI (Store 18) 

 LEGAL DESCRIPTION 
 Parcel 2 as designated on certified survey map no. 1389, recorded in the office of the register of deeds in and for Jefferson County, Wisconsin, on January 21, 1980 in Volume 4 of certified surveys
on pages 402, 403 and 404, as document no. 767214, being a re-division of part of part of Crangle’s Addition to the City of Watertown, being a part of the Southwest 1/4 of Section 4, in Township 8 North, Range 15 East, in the City of
Watertown, Jefferson County, Wisconsin. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN CROSS-EASEMENT AGREEMENT,
RECORDED IN VOLUME 635, PAGE 122, DOCUMENT NO. 791893, AS AMENDED IN VOLUME 851, PAGE 412, DOCUMENT NO. 909983. 
 TAX I.D.
(282-9108-1504-31-052) 
 Watertown, WI (Store 19) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 Lot 1, Block 1, G&K Enterprises, according to the recorded plat thereof, Blue Earth
County, Minnesota. 
 Parcel 2: 

Non-exclusive easements and rights as contained in the Cross-Easement and Use Restriction Agreement dated July 01, 1985, recorded
July 03, 1985 as Document No. 354784 by and between Shopko Stores, Inc., a Minnesota corporation, and Randall Stores, Inc., a South Dakota corporation; as amended by the Assignment of Cross-Easement and Use Restriction Agreement filed
March 18, 1993, as Document No. 333CR638; as amended by the Amendment to Cross-Easement and Use Restriction Agreement, dated July 20, 1995, filed December 10, 1999, as Document No. 391CR506; as further amended by
the Second Amendment to Cross-Easement and Use Restriction Agreement, filed December 10, 1999, as Document No. 391CR507. 

Parcel 3: 
 Non-exclusive easements and rights
as contained in the Mutual Access Agreement dated December 07, 1999, filed December 10, 1999, as Document No. 391CR500 by and between Duehring Properties, LLC, a Minnesota limited liability company and Shopko Properties, Inc., a
Minnesota corporation. 
 Parcel 4: 

Non-exclusive easements and rights as contained in the Easement Agreement dated December 07, 1999, filed December 10, 1999, as Document
No. 391CR505 by and between Duehring Properties, LLC, a Minnesota limited liability company and Shopko Properties, Inc., a Minnesota corporation. 
 Parcel 5: 
 Non-exclusive easements and rights as contained in the Building Restriction Easement
dated June 12, 1990, filed June 26, 1990, as Document No. 313CR916 by and between Shopko Stores, Inc., a Minnesota corporation and Randall Stores, Inc., a South Dakota corporation. 

Parcel 6: 
 Non-exclusive easements and rights
contained in Cross-Easement Agreement dated March 24, 1995, filed April 27, 1995, as Document No. 351CR257 by and between River Place Partners, a Minnesota general partnership and Shopko Properties, Inc., a Minnesota corporation.

 Tax Parcel # (R01-09-09-477-007) 

Mankato, MN (Store 21) 

 LEGAL DESCRIPTION 
 Parcel A: Lot G-3-A, a Portion of the South 500’ of Lot G-3, except Lot G-3D and G-3E, a Subdivision of Lot G-3A, all in the NW1/4 of Section 15, T103N, R60W of the 5th P.M., City of Mitchell,
Davison County, South Dakota, according to the recorded plat thereof filed for record in Book 14 of Plats, Page 87; 
 Parcel B: Non-Exclusive
Easement for the benefit of Parcel A as created by the Cross-Easement Agreement (Mitchell, South Dakota) dated September 17, 1992, filed September 18, 1992, in Book 53 of Misc. Records, Page 669, to provide reciprocal easements for
pedestrian and vehicular ingress, egress, parking, passage and traffic and for utilities in, over, upon, across and through the land described as follows: The North 338.66’ of Lot G-2, according to the plat filed in Plat Book 9, Page 6; and Lot
G-3-B, a portion of the South 500 feet of Lot G-3, according to the plat filed in Plat Book 14, Page 87, all in the Northwest Quarter (NW1/4) of Section 15, T103N, R60W, of the 5th P.M., City of Mitchell, Davison County, South Dakota;

 Both filed in the office of the Register of Deeds, Davison County, South Dakota. 
 TAX I.D.: 15780-01500-75011 
 Mitchell, SD (Store 22) 

 LEGAL DESCRIPTION 
 Parcel A: 
 Lot 1, Block 1, except the North 200 feet of the West 200 feet, Hutchinson Downtown
Redevelopment Plat, McLeod County, Minnesota. 
 Parcel B: 
 Non-exclusive easement for ingress, egress, access and vehicular traffic as contained in Document Nos. 282811 and 282812. 
 TAX I.D.: R23-057-0010 
 Hutchinson, MN (Store 23) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the County of Eau Claire, State of Wisconsin, is described as follows: 
 Lot 2 of EAU CLAIRE COUNTY SURVEY MAP recorded in Volume 12, of C.S.M’s on page 329, located in the Northeast
 1/4 of the Southeast  1/4 and the Northwest  1/4 of the Southeast  1/4 of Section 30, Town 27 North, Range 9 West, City of Eau
Claire, Eau Claire County, Wisconsin. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN
CROSS-EASEMENT AGREEMENT RECORDED IN VOLUME 478 OF RECORDS, PAGE 615, DOCUMENT NO. 456665, AS AMENDED IN VOLUME 519, PAGE 367 AND VOLUME 750, PAGE 512, DOCUMENT NO. 601769. 
 TAX I.D.: 15-1054 
 Eau Claire, WI (Store 24) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the State of Minnesota, County of Lyon and described as follows: 
 Lot Two (2), SHOPKO ADDITION to the City of Marshall, Lyon County, Minnesota, according to the recorded plat thereof, EXCEPT the following described parcels: 

Parcel 2: 
 All that part of Lot 2 of Shopko
Addition in the City of Marshall, as filed and recorded in the office of the County Recorder in and for Lyon County, Minnesota, being more particularly described as follows: 
 Commencing at the northeast corner of said Lot 2; thence North 88 degrees 56 minutes 59 seconds West, bearing based on said Shopko Addition, along the northerly line of said Lot 2 a distance of 56.38 feet
to the point of beginning; thence continuing North 89 degrees 56 minutes 59 seconds West, along said northerly line, a distance of 164.12 feet; thence southwesterly, along said northerly line, along a tangential curve concave to the southeast,
having a central angle of 34 degrees 36 minutes 44 seconds, a radius of 247.00 feet, and an arc length of 149.21 feet; thence South 53 degrees 10 minutes 22 seconds East, not tangent to said curve, a distance of 221.42 feet; thence North 36 degrees
49 minutes 38 seconds East a distance of 213.44 feet to the point of beginning. 
 Parcel 3: 

All that part of Lot 2 of Shopko Addition in the City of Marshall, as filed and recorded in the office of the County Recorder in and for Lyon County,
Minnesota, being more particularly described as follows: 
 Commencing at the northeast corner of said Lot 2; thence North 88 degrees 56 minutes
59 seconds West, bearing based on said Shopko Addition, along the northerly line of said Lot 2, a distance of 220.50 feet; thence southwesterly, along said northerly line, along a tangential curve concave to the southeast, having a central angle of
46 degrees 34 minutes 06 seconds, a radius of 247.00 feet, and an arc length of 200.75 feet to the point of beginning; thence continuing southwesterly along said northerly line, along said curve, having a central angle of 22 degrees 45 minutes 05
seconds and an arc length of 98.08 feet, thence South 00 degrees 41 minutes 46 seconds West, not tangent to said curve, along the west line of said Lot 2, a distance of 31.84 feet; thence South 53 degrees 10 minutes 22 seconds East a distance of
208.45 feet; thence North 36 degrees 49 minutes 38 seconds East a distance of 122.95 feet; thence North 53 degrees 10 minutes 22 seconds West a distance of 233.55 feet to the point of beginning. 

Together with non-exclusive easement rights created by Declaration of Cross-Easements and Covenants and Restrictions Affecting Land dated
October 25, 2005 as Document No. 162623. 
 Together with non-exclusive easement rights created by Declaration of Cross-Easements and
Covenants and Restrictions Affecting Land, dated January 27, 2006, and recorded February 6, 2006 as Document No. 164277. 
 Tax
Parcel No. 27.798001.0 
 Marshall, MN (Store 25) 

 LEGAL DESCRIPTION 
 Lot 3 of Certified Survey Map Recorded as Document No. 1718381, being a division of Lot 2 of certified Survey Map No. 95938 recorded on June 10, 1982 in Volume 11 on page 37, of Certified
Survey Maps of Rock County, being a part of Lots 4, 5 and 6 of SUNSHINE VILLAGE as situated in part of the Northwest 1/45 of the Southwest 1/4 of Section 18, in Township 1 North, Range 13 East of the Fourth Principal Meridian, in the City of
Beloit, Rock County, Wisconsin. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN CROSS-EASEMENT AGREEMENT, RECORDED IN
VOLUME 694, PAGE 328, DOCUMENT NO. 884807; AS AMENDED IN VOLUME 50, PAGE 670, DOCUMENT NO. 926036. 
 Tax Item No. 206-21861800 

Beloit, WI (Store 26) 

 LEGAL DESCRIPTION 
 That part of the Southeast 1/4 of Section 13, Township 3 North, Range 22 East, in the City of Racine, Racine County, Wisconsin, bounded as follows: 

Commence at the East 1/4 corner of said Section 13; run thence North 89 degrees 10 minutes 36 seconds West 70.09 feet on the East-West 1/4 line of
said section; thence South 02 degrees 07 minutes 30 seconds East 437.62 feet, parallel with the East line of said section, to the point of beginning of this description; continue thence South 02 degrees 07 minutes 30 seconds East 807.66 feet to the
North line of Wright Avenue; thence North 89 degrees 15 minutes 33 seconds West 451.84 feet on the North line of Wright Avenue; thence North 02 degrees 06 minutes 07 seconds West 265.00 feet; parallel with the East line of Perry Avenue; thence South
87 degrees 53 minutes 53 seconds West 58.00 feet; thence North 02 degrees 06 minutes 07 seconds West 33.00 feet; thence North 13 degrees 08 minutes 24 seconds East 414.58 feet; thence North 87 degrees 53 minutes 53 seconds East 82.43 feet; thence
North 02 degrees 07 minutes 30 seconds West 471.10 feet; thence North 89 degrees 59 minutes 19 seconds East 107.64 feet; thence South 02 degrees 07 minutes 30 seconds East 380.00 feet; thence North 87 degrees 52 minutes 30 seconds East 210.00 feet
to the point of beginning. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN MEMORANDUM OF AGREEMENT AND CROSS-EASEMENT
AGREEMENT, RECORDED IN VOLUME 1500, PAGE 105, DOCUMENT NO. 1049671, AS AMENDED IN VOLUME 1529, PAGE 456, DOCUMENT NO. 1060937; VOLUME 1615, PAGE 353, AS DOCUMENT NO. 1091078. 
 Tax Parcel Number: 276-00-00-22-879-001 
 Racine, WI (Store 27) 

 LEGAL DESCRIPTION 
 Lot One (1), Certified Survey Map No. 791, a part of Lots Seven (7) and Eight (8) of HEWITT’S SUBDIVISION in Government Lots Four (4) through Seven (7), Section 26, Township
21 North, Range 18 East, Village of Kimberly, Outagamie County, Wisconsin; EXCEPT land conveyed for highway in Document No. 1306628, Outagamie County Registry. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED IN CROSS-EASEMENT AGREEMENT RECORDED IN JACKET 3238, IMAGE 1-40 AS DOCUMENT NO. 809349; AS AMENDED IN JACKET 9628, IMAGE 42-48 AS DOCUMENT NO. 964456.

 AND 
 TOGETHER WITH THOSE
NON-EXCLUSIVE EASEMENTS CREATED IN CROSS-EASEMENT AGREEMENT RECORDED IN JACKET 9628, IMAGE 11-41 AS DOCUMENT NO. 964455. 
 Tax Parcel Number:
25-0-0892-02 
 Kimberly, WI (Store 28) 

 LEGAL DESCRIPTION 
 PARCEL A: 
 Lot One (1), Certified Survey Map No. 3422, recorded in the Office of the Register
of Deeds for Dane County, Wisconsin, on February 15, 1980, in Volume 13 of Certified Survey Maps, on Pages 250-253, as Document No. 1657742, located in the City of Madison, Dane County, Wisconsin, EXCEPT that part conveyed in deed Recorded
April 29, 1982, in Volume 3544 of Records, Page 40, as Document No. 1738368. 
 PARCEL B: 

Together with non-exclusive Parking, Ingress-Egress, Utility, Roadway, Support and Sign Easements as set forth in Document recorded April 25, 1969,
in Volume 100 of Records, Page 396, as Document No. 1239177, Unrecorded Supplement thereto dated January 24, 1969, Second Supplement thereto dated March 7, 1971, and Recorded April 26, 1971, in Volume 243 of Records, Page 140, as
Document No. 1288279, First Amendment thereto dated June 2, 1971, and Recorded on September 16, 1971 in Volume 283 of Records, Page 238, as Document No. 1303874, Third Supplement thereto dated November 8, 1972, and Recorded
on March 28, 1973, in Volume 425 of Records, Page 512, as Document No. 1359322, Fourth Supplement thereto dated January 31, 1980, and Recorded on February 15, 1980, in Volume 1667 of Records, Page 35, as Document
No. 1657737, Fifth Supplement thereto dated May 12, 1982, and Recorded on September 21, 1982, in Volume 3863 of Records, Page 25, as Document No. 1752610, Sixth Supplement thereto dated April 29, 1983, and Recorded on
June 24, 1983 in Volume 4628 of Records, Page 33, as Document No. 1786646, Seventh Supplement thereto dated January 27, 1989, and Recorded on January 27, 1989, in Volume 12447 of Records, Page 4, as Document No. 2124846.

 Also together with non-exclusive Parking, Ingress-Egress, Utility, Roadway, Support and Sign Easements as set forth in Document recorded
February 15, 1980, in Volume 1668 of Records, on Page 10, as Document No. 1657745; Amended and restated agreement dated April 23, 1982 Recorded: May 25, 1982, in Volume 3600 of Records, on Page 1, as Document No. 1740913;
First amendment dated June 10, 1994 Recorded: June 20, 1994, in Volume 27741 of Records, on Page 53, as Document No. 2610739. 

Tax Roll Parcel No. 251/0708-261-0092-0 

Address Per Tax Roll: 7401 Mineral Point Road 

Madison, WI (Store 29) 

 LEGAL DESCRIPTION 
 Lot 2 of Certified Survey Map recorded on September 11, 2003, in Volume 26, on Pages 241 to 243, as Document No. 1632214, being a division of Lot 1 of Certified Survey Map recorded in Volume 14
on Pages 384 through 387 being a part of the Southwest 1/4 of the Southwest 1/4 and part of the Northwest 1/4 of the Southwest 1/4 of Section 17, in Township 3 North, Range 13 East of the Fourth Principal Meridian in the City of Janesville,
Rock County, Wisconsin. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED IN CROSS-EASEMENT AGREEMENT RECORDED IN CARD NO. 369, IMAGE 75,
AS DOCUMENT NO. 1080189; AS AMENDED IN DOCUMENT NO. 1705075. 
 Tax Parcel Number: 241-02174-0151 

Janesville, WI (Store 30) 

 LEGAL DESCRIPTION 
 Parcel I: 
 Lot 1 in ShopKo Kenosha Subdivision, being a part of the Southwest 1/4 of the Northwest
1/4 of Section 35, Township 2 North, Range 22 East, City of Kenosha, Kenosha County, Wisconsin, according to the plat thereof as recorded January 6, 2006 as Document No. 1465228, Kenosha County Records. 

Said Lot 1 contains 379,110.77 square feet (8.70 acres). 
 Parcel II: 
 Easement rights as created, limited and defined in Cross Easement Agreement recorded
February 21, 1990, in Volume 1384 Records, pages 41-72, Document No. 837296; as amended by Document No. 1441102. 
 Together with
that non-exclusive easement as created in that certain Declaration of Easement, recorded in volume 1395, page 52, as document no. 842706. 
 Tax
Parcel No. 08-222-35-251-004 
 Kenosha, WI (Store 31) 

 LEGAL DESCRIPTION 
 PARCEL I: Lot Five (5), South Towne Assessor’s Plat, in the City of Monona, Dane County, Wisconsin. 
 PARCEL II: Together with non-exclusive parking, ingress-egress, utility, roadway, support and sign easements as set forth in instrument recorded on August 10, 1982, in Volume 3763 of Records, Page
54, as Document No. 1748335. 
 TOGETHER WITH NON-EXCLUSIVE EASEMENTS AS CREATED IN THAT CERTAIN CROSS EASEMENT AGREEMENT RECORDED IN
VOLUME 3740, PAGE 53, AS DOCUMENT NO. 1747290; AS AMENDED IN VOLUME 4811, PAGE 53, AS DOCUMENT NO. 1795167. 
 TOGETHER WITH AN EASEMENT FOR
FIRE EXITS GRANTED IN THAT CERTAIN EASEMENT, RECORDED IN VOLUME 3189, PAGE 35, AS DOCUMENT NO. 1723411. 
 Tax Roll Parcel
No. 258/0710-301-2175-7 
 Monona, WI (Store 32) 

 LEGAL DESCRIPTION 
 PARCEL I: 
 Lots Two (2) and Three (3) of Certified Survey Map No. 745, recorded
April 22, 1980, in Volume One (1) of Certified Survey Maps on page 745 as Document No. 548436, being part of the Southeast 1/4 of the Southeast 1/4 of Section 2, Town 20 North, Range 17 East, City of Menasha, Winnebago County,
Wisconsin; Except land conveyed for highway purposes in Document No. 576571 and Document No. 601728, Winnebago County Registry; Also except land conveyed by Document No. 662690 and Document No. 905465, Winnebago County Registry;
Also except land described as Certified Survey Map No. 1484 and Certified Survey Map No. 1509 and Certified Survey Map No. 4450, Winnebago County Registry. 
 Tax Key Number: 4-0779-07 
 PARCEL II: 

Lot (2), Certified Survey Map No. 2355 filed in the Office of the Register of Deeds for Winnebago County, Wisconsin on
June 12, 1991, in Volume 1, on Page 2355, as Document No. 768745, being part of Lot One (1) of Certified Survey Map No. 1509, being part of the Southeast  1/4 of the Southeast  1/4 of Section Two (2), Township Twenty (20) North, Range
Seventeen (17) East, City of Menasha, Winnebago County, Wisconsin. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS CREATED BY
THAT CERTAIN CROSS-EASEMENT AGREEMENT, RECORDED AS DOCUMENT NO. 662688; AS AMENDED IN DOCUMENT 668081; DOCUMENT 703884; DOCUMENT NO. 771197; DOCUMENT NO. 771198 AND DOCUMENT NO. 771199. 
 Tax Key Number: 4-0779-11 
 Menasha, WI (Store 33) 

 LEGAL DESCRIPTION 
 PARCEL I: Lot Two (2), Certified Survey Map No. 11066, recorded in the Office of the Register of Deeds for Dane County, Wisconsin in Volume 66 of Certified Survey Maps, Pages 245-249, as Document
No. 3912528, located in the City of Madison, Dane County, Wisconsin. 
 Tax Parcel No. 251/0810-314-2203-3 

PARCEL II: Lot One (1), Certified Survey Map No. 3903, recorded in the Office of the Register of Deeds for Dane County, Wisconsin in Volume 16 of
Certified Survey Maps, Pages 126-127, as Document No. 1735558, located in the City of Madison, Dane County, Wisconsin, EXCEPT that part contained in Certified Survey Map No. 8047 recorded in Volume 43 of Certified Survey Maps, page 40 as
Document No. 2725888. 
 TOGETHER WITH NON-EXCLUSIVE EASEMENTS AS CREATED IN THAT CERTAIN DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND
RESTRICTIONS AFFECTING LAND RECORDED AS DOCUMENT NO. 2726748; AS AMENDED IN VOLUME 3155756. 
 Tax Parcel No. 251/0810-314-2101-9

 Madison, WI (Store 34) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 Lots 2, 3, 4, and 5, Block 2, The 12 Seas Subdivision, according to the plat thereof on
file and of record in the office of the county recorder, Olmsted County, Minnesota; AND 
 Lot 1, Block 1, The Twelve Seas Second Subdivision,
according to the plat thereof on file and of record in the office of the county recorder, Olmsted County, Minnesota. 
 Parcel 2: 

Non-exclusive easement for ingress and egress as contained in Declaration of Cross-Easements and Covenants and Restrictions Affecting Land, dated
July 16, 2001, filed August 07, 2001, as Document No. 882540. 
 TAX I.D.: R64.14.44.022847 

TAX I.D.: R64.14.44.022848 
 TAX I.D.:
R64.14.44.022849 
 TAX I.D.: R64.14.44.022850 
 TAX ID.: R64.14.44.022851 
 Rochester, MN (Store 35) 

 LEGAL DESCRIPTION 
 Parcel A: 
 Lot One (1), Block One (1), Chateau Third Replat, City of Rochester, Minnesota,
according to the plat thereof on file and of record in the office of the Registrar of Titles, Olmsted County. 
 (Torrens property, Certificate
of Title No. 29953) 
 Parcel B: 

Non-exclusive easement for ingress, egress, access and vehicular traffic as contained in Document Nos. 91373 and 103947. 

Parcel C: 
 Non-exclusive easements created by
Declaration of Cross-Easements and Covenants and Restrictions dated May 04, 2001 and filed August 31, 2001 as Document No. 91373 and First Amendment to Declaration of Covenants and Restrictions dated October 15, 2003 and filed
December 19, 2003 as Document No. 103947. 
 TAX I.D.: 74-24-24-075073 
 Rochester, MN (Store 36) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the County of Chippewa, Village of Lake Hallie, State of Wisconsin, is described as follows: 
 PARCEL A 
 Lot 2 Chippewa County Certified Survey Map No. 562, as recorded in Volume 2 of
Certified Survey Maps on pages 28 and 29, as Document No. 432122, in the Village of Lake Hallie, Chippewa County, Wisconsin. 
 PARCEL B

 Lot 2 of Certified Survey Map No. 2959 recorded on August 1, 2005, in Volume 13, pages 260, 261 and 262, as Document
No. 708094, being a redivision of Lot 3 of Certified Survey Map No. 562, recorded in Volume 2, pages 28 and 29 in the Southwest 1/4 of the Northwest 1/4 of Section 25, Town 28 North, Range 9 West, Village of Lake Hallie, Chippewa
County, Wisconsin. 
 TOGETHER WITH NON-EXCLUSIVE EASEMENTS AS CREATED IN THAT CERTAIN CROSS-EASEMENT AGREEMENT RECORDED IN VOLUME 542, PAGE
187, AS DOCUMENT NO. 432923. 
 Tax Parcel Numbers: 22809-2523-70562002 & 22809-2523-70562003 

Lake Hallie, WI (Store 37) 

 LEGAL DESCRIPTION 
 Lot 13 and 17, Grand Island Mall Eighth Subdivision in the City of Grand Island, Hall County, Nebraska. 
 Together with non-exclusive easement rights created by of Cross-Easement Agreement by and between Shopko Stores, Inc., a Minnesota corporation and Grand Island Mall Ltd., a Nebraska limited partnership,
filed September 11, 1987 as Inst. No. 87-105438 and Assigned to Shopko Properties, Inc. a Minnesota corporation by Assignment of Cross Easement filed March 29, 1993 as Inst. No. 93-102295, in the office of the Register of Deeds,
Hall County, Nebraska. 
 Together with non-exclusive easement rights created by Easement Agreement, filed May 24, 1978 as Inst.
No. 78-003140, in the office of the Register of Deeds, Hall County, Nebraska. 
 Together with non-exclusive easement rights created by
Cross-Easement Agreement, filed September 27, 1984 as Inst. No. 84-005071, in the office of the Register of Deeds, Hall County, Nebraska. 
 Together with non-exclusive easement rights created by Cross-Easement Agreement, filed October 1, 1984 as Inst. No. 84-005181, in the office of the Register of Deeds, Hall County, Nebraska.

 TAX I.D.: 400292890 
 TAX I.D.:
400293420 
 Grand Island, NE (Store 38) 

 LEGAL DESCRIPTION 
 A portion of Lots 3, 4, 5 and 6, and all of Lot 7, Block 5 Bishop Heights, plus a part of vacated Pioneers Boulevard, and Lot 68, Irregular Tracts located in Section 7, Township 9 North, Range 7 East
of the 6th P.M., more particularly described as follows: 
 Beginning at the intersection of the Northwest right of way line of Chicago Rock
Island and Pacific Railroad, and Southeast corner of said Lot 7; thence Southwesterly along the Northwest Railroad right of way line on a assumed bearing of S37°05’53”W, 41.14 feet to the center line of said vacated Pioneers Boulevard;
thence N89°34’13”W along said center line, 30.0 feet; thence S36°40’47”W, 40.92 feet to a point on the South line of said vacated Pioneers Boulevard; thence N89°34’13”W along said South line, 280.90 feet;
thence N89°12’05”W, 65.39 feet; thence N04°24’18”E, 66.13 feet; thence Northerly along said New Easterly right of way line of South 27th Street on following bearing and distances: 

N09°11,
35”E, 113.51 feet 
 N27°20’34”E, 19.73 feet 

N41°58’46”E, 83.53 feet 

S89°57’23”W, 49.90 feet 

N20°24’05”E, 163.36 feet 

N03°03’00”E, 143.61 feet 

N01°49’20”E, 33.67 feet (chord distance to the point of tangency of a curve on the Easterly right of way line of present 27th Street; thence
continuing Northerly on said Easterly right of way line N00°00’00”E, 30.81 feet to the Southwest lot corner of Lot 2, Block 5, said Bishop Heights; thence Easterly along South line Lot 2, extended Easterly, N90°00’00”E,
250.00 feet; thence S73°53’13”E, 183.2 feet to a point on the most Northerly corner Shopko Store Building; thence S53°49’13”E, 217.32 feet along Northeasterly wall line of Shopko Building extended Southeasterly to a point
on a curve; thence 233.86 feet along the arc of a curve to the right having a radius of 6435.43 feet and a chord which bears S36°03’25”W, 233.85 feet to a point of tangency said curve (said point of tangency being on the Northwesterly
right of way line Chicago, Rock Island and Pacific Railroad); thence S37°05’53”W along said Northwesterly railroad line 235.67 feet to point of beginning EXCEPT the following described tract of land: 

A part of Lot 7, Block 5, Bishop Heights, more particularly described as follows: Commencing at the Northwest corner of
Section 7, Township 9 North, Range 7 East of the 6th P.M., Lincoln, Lancaster County, Nebraska, said point being on the centerline said vacated Pioneer Boulevard; thence Northerly along Westerly line of Section 6, 33.0 feet to a point on
the South line of said Lot 7; thence Easterly along South line of said Lot 7 on an assumed bearing of S89°34’13”E, 85.70 feet; thence Northerly on left deflection angle of 90°, 12.0 feet to point of beginning; thence continuing
Northerly N00°25’47”E, 100.0 feet; thence N89°34’13”W, 110.0 feet; thence S00o25’47”W, 100.0 feet; thence S89°34’13”E, 110.0 feet to point of beginning. 

Together with non-exclusive easement rights created by Cross-Easement and Use Restriction Agreement, by and between Shopko Stores, Inc., a Minnesota
corporation, and Bishop Heights Partners, a Nebraska general partnership, filed October 1,1985 as Inst. No. 85-26236, in the office of the Register of Deeds of Lancaster County, Nebraska. Assigned to Shopko Properties, Inc., a Minnesota
corporation, by Assignment of Cross Easement and Use Restriction Agreement, filed March 22, 1993 as Inst. No. 93-9982, in the office of the Register of Deeds of Lancaster County, Nebraska. 

Tax I.D.: 16-06-314-006-000 
 Lincoln, NE (Store
39) 

 LEGAL DESCRIPTION 
 Parcel A: 
 Lot 12, Block 1, Oak Park Mall Subdivision, Mower County, Minnesota. 

Parcel B: 
 Non-exclusive easements contained in
Article 18 of the Operating Agreement between General Growth Properties and Shopko Stores, Inc., dated September 22, 1982, recorded October 20, 1982 in the office of the Mower County Recorder in Book 55 of Miscellaneous, at page 176, as
amended by the First Amendment of Operating Agreement dated March 8, 1984, recorded August 2, 1984 in Book 58 of Miscellaneous, at page 298. 
 Parcel C: 
 Non-exclusive easements contained Declaration of Rights and Easements dated
June 1, 1976, recorded September 28, 1976 in Book 336 of Deeds at page 470, as amended by the First Amendment dated September 21, 1982, recorded October 20, 1982 in Book 380 of Deeds at page 332. 

TAX I.D.: R34.521.0120 
 Austin, MN (Store 41)

 LEGAL DESCRIPTION 
 Parcel I: 
 That part of the Northwest 1/4 of Section 27, Township 18 North, of Range 16
East, in the City of Oshkosh, Winnebago County, Wisconsin, which is bounded and described as follows: 
 Commencing at the West 1/4 corner of
Section 27; thence South 89 degrees 00 minutes 49 seconds East along the South line of said Northwest 1/4, 971.39 feet to a point; thence North 00 degrees 41 minutes 58 seconds East, 926.66 feet to the true point of beginning of the land to be
described; thence continuing North 00 degrees 41 minutes 58 seconds East, 400.00 feet to the North line of the Southwest 1/4 of the Northwest 1/4 of Section 27; thence North 88 degrees 51 minutes 16 seconds West along the North line of the
Southwest 1/4 of the Northwest 1/4, 716.41 feet to a point on the East right of way line of U.S. Highway No. 41; thence South 01 degrees 45 minutes 30 seconds West along said right of way line, 338.95 feet to a point; thence South 03 degrees 53
minutes 39 seconds West along said right of way line, 61.13 feet to a point; thence South 88 degrees 51 minutes 16 seconds East, 726.07 feet to the point of beginning. 
 AND 
 That part of the Southwest 1/4 of the Northwest 1/4 of Section 27, Township 18 North,
Range 16 East, City of Oshkosh, Winnebago County, Wisconsin, described as follows: 
 Commencing at the West 1/4 corner of said Section 27;
thence S 89° 00’ 49” E, 237.00 feet along the South line of the Northwest 1/4 of said Section 27; thence N00°41’00”E, 763.63 feet to the point of beginning; thence N00°41’00”E, 12.07 feet; thence
N03°54’05”E, 153.16 feet; thence S88°51’31”E, 726.06 feet; thence S00°41’58”W, 165.11 feet; thence N88°51’16”W, 734.61 feet to the point of beginning. 

Less and excepting lands contained in Certified Survey Map No. 2672. 
 Also, less and excepting lands contained in Certified Survey Map No. 5203. 
 Parcel II:

 Rights and Easements created in Reciprocal Easement Agreement by and between Shopko Stores, Inc. and TBLD Corp., a California Corporation
dated November 4, 1992 and recorded November 19, 1992, as Document No. 817282. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS
CREATED BY DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS AFFECTING LAND, RECORDED AS DOCUMENT NO. 1234519. 
 TOGETHER WITH
NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN RECIPROCAL EASEMENT AGREEMENT, RECORDED AS DOCUMENT NO. 817282. 
 Tax Parcel Number:
13-0850-0100 
 Oshkosh, WI (Store 42) 

 LEGAL DESCRIPTION 
 Lot 1, American Plaza Replat II, an Addition to the City of Bellevue, Sarpy County, Nebraska. 

Together with non-exclusive easement rights created by Cross-Easement and Use Restriction Agreement, by and between Shopko Stores, Inc., a Minnesota
corporation and Cullum Development Co., a Texas corporation, filed February 14, 1985 in Book 58 at Page 279, Miscellaneous Records, and Amendment filed November 5, 1985 in Book 58 at Page 2418, Assigned to Shopko Properties, Inc., filed
March 19, 1993 as Instrument No. 93-05270, Amendment No. 1 filed November 6, 1996 as Instrument No. 96-22747, Records, Sarpy County, Nebraska. 
 Tax I.D.: 11301449 
 Bellevue, NE (Store 45) 

 LEGAL DESCRIPTION 
 Lot 1 of Replat 1 of subdivision known as Fort Division Replat of Lots 1, 2 and 3, being the Replat of Lot 1, Fort Division, an Addition to the City of Omaha, Douglas County, Nebraska; Excepting therefrom
Lots 2 and 3 as described on Instrument No. 2005-155-172. 
 Together with non-exclusive easement rights created by Cross-Easement
Agreement by and between ShopKo Stores, Inc., a Minnesota corporation, and Lerner Fort Partnership, a Nebraska general partnership, filed September 16, 1988 in Book 862 at Page 266, Miscellaneous Records and First Amendment to Cross-Easement
Agreement filed September February 24, 1998 in Book 1239 at Page 203, Miscellaneous Records, Douglas County, Nebraska. 
 Tax I.D.:
3470-5000-11 
 Omaha, NE (Store 46) 

 LEGAL DESCRIPTION 
 Lot 1 of Replat 2 of Lot 1-R, Block 1, of Replat of Shopko Acres in the City of Norfolk, Madison County, Nebraska. 
 Together with non-exclusive easement rights created by Cross-Easement and Use Restriction Agreement by and between Shopko Stores, Inc., a Minnesota corporation and Super Valu Stores, Inc., a Delaware
corporation, filed May 8, 1986 in M86-5 at Pages 235-258, Amendment filed September 21, 1988 in M88-9 at Pages 704-710A, Assumption filed September 21, 1988 in M88-9 at Pages 719-720, Second Amendment filed August 25, 1989 in
M89-8 at Pages 682-687, Third Amendment filed March 17, 2004 in M2004-3 at Pages 1226-1237 inclusive, Office of Madison County Register of Deeds. 
 TAX I.D.: 5902800.23 
 Norfolk, NE (Store 48) 

 LEGAL DESCRIPTION 
 Shopko Outlot of the Plat entitled “Second Replat of Lot 1 (EXCEPT the North 140 feet of the West 150 feet) and Lot 2 of Howard’s Outlot B in the Northeast Quarter of Section 14, Township
123 North, Range 64 West of the 5th P.M.”, according to the plat thereof of record, Brown County, South Dakota. 
 Together with
non-exclusive easement rights created by Reciprocal Easement and Operating Agreement and “First Offer” Agreement, recorded April 20, 1984, in Book 93MR, Page 415 and Assignment of Reciprocal Easement and Operating Agreement and
“First Offer” Agreement dated March 1, 1993, recorded April 6, 1993, in Book 112MR, Page 607. 
 TAX I.D.:
32-681-000-0050-50; 32-681-000-0050-00 
 Aberdeen, SD (Store 49) 

 LEGAL DESCRIPTION 
 Lot 2, Certified Survey Map No. 6469 recorded in Volume 44 of Certified Survey Maps, on pages 65, 65A and 65B, Document No. 776307, located in the Northwest 1/4 of the Southeast 1/4 of
Section 9, Township 15 North, Range 17 East, City of Fond Du Lac, Fond Du Lac County, Wisconsin. 
 TOGETHER WITH THE NON-EXCLUSIVE
EASEMENTS CREATED BY THAT CERTAIN DECLARATION OF CROSS-EASEMENTS RECORDED IN INSTRUMENT NO. 779025. 
 TOGETHER WITH EXCLUSIVE EASEMENT FOR
ELECTRIC FACILITIES CREATED BY THAT CERTAIN ELECTRICAL EASEMENT AGREEMENT RECORDED AS DOCUMENT 779027. 
 Tax Parcel Number: 15-17-09-42-322-00

 Fond Du Lac, WI (Store 50) 

 LEGAL DESCRIPTION 
 Part of the Northeast 1/4 of the Southwest 1/4 of Section 9, in Township 5 North, Range 14 East, in the City of Fort Atkinson, Jefferson County, Wisconsin, described as follows: 

Beginning at the Southwest corner of Lot 2 of Certified Survey Map No. 260 as Document No. 708671, recorded in Volume 1 on Page 323, Jefferson
County Register of Deeds; thence South 83 degrees 53 minutes 12 seconds West 244.32 feet, thence North 74 degrees 24 minutes 14 seconds West 649.40 feet, thence North 15 degrees 38 minutes 40 seconds East 400.25 feet, thence South 72 degrees 24
minutes 14 seconds East 363.23 feet, thence South 87 degrees 57 minutes 50 seconds East 406.92 feet, thence South 00 degrees 32 minutes 59 seconds East 421.92 feet to the Point of Beginning. 
 Excepting therefrom that part conveyed in Limited Warranty Deed recorded August 30, 2004, as Document No. 1159474. 
 Tax Parcel Numbers: 226-0514-0931-001 & 226-0514-0931-002 
 Fort Atkinson, WI (Store 51)

 LEGAL DESCRIPTION 
 LOT 1 IN THE RE-SUBDIVISION OF SHOPKO SOUTH BEING PART OF LOT 1 AND ALL OF LOT 2 IN BLOCK 1 OF SHOPKO SOUTH, MASON CITY, CERRO GORDO COUNTY, IOWA ACCORDING TO THE PLAT THEREOF RECORDED NOVEMBER 16, 2005
AS DOCUMENT R2005-10429 AT THE CERRO GORDO COUNTY RECORDERS OFFICE. 
 TOGETHER WITH AN EASEMENT FOR THE CONSTRUCTION, OPERATION AND MAINTENANCE
OF A PYLON SIGN AS CREATED BY SIGN EASEMENT AGREEMENT RECORDED OCTOBER 31, 2001 AS DOCUMENT NUMBER 0110465. 
 TOGETHER WITH NON-EXCLUSIVE
EASEMENTS AS CREATED BY DECLARATION OF CROSS EASEMENTS AND COVENANTS AND RESTRICTIONS RECORDED OCTOBER 30, 2001 AS DOCUMENT NUMBER 0110466. 

TAX PARCELS: 070940902100, 070940902200 AND 070940902400 
 Mason City, IA (Store 52) 

 LEGAL DESCRIPTION 
 Lot 1, Block 2, in South Platte Business Park, a Subdivision of Lot 7 of Fritz’s Subdivision of part of the SE 1/4 of Section 4, Township 13 North, Range 30 West of the 6th P.M., in North
Platte, Lincoln County, Nebraska. 
 Together with non-exclusive easement rights created by Declaration of Cross-Easements and Covenants and
Restrictions Affecting Land, dated January 27, 2006, and recorded May 3, 2006 as Inst. No. 20062822. 
 Tax ID No. 40050.00

 North Platte, NE (Store 53) 

 LEGAL DESCRIPTION 
 Lots 9 through 16 in Block 2; vacated 7th Street East lying between 9th Avenue South and 10th Avenue South; Lots 1 through 16 in Block 3; all that part of the vacated alley lying between Lots 1 through 8,
on the one hand, and Lots 9 through 16, on the other hand, in said Block 3; the West 21 feet of Lots 1 through 4; Lot 5 less the North 30 feet less the West 21 feet in Block 4; all that part of the vacated 6th Street East lying between 9th Avenue
South and 10th Avenue South, less the West 56.5 feet lying adjacent to and along the East line of said Lots 1 through 4 and the North 30 feet of Lot 5, in Block 4, all in the Plat Entitled: “Davlin’s Addition to Watertown”, Codington
County, South Dakota, according to the recorded plat thereof. 
 Together with non-exclusive easement rights created by Declaration of
Cross-Easements and Covenants and Restrictions Affecting Land by and between Shopko Stores Inc. to Hardbodies Inc., recorded December 7, 1995, in Book 4G of Miscellaneous Records, Page 380. 

TAX I.D.: 6949 
 Watertown, SD (Store 54)

 LEGAL DESCRIPTION 
 That part of Blocks 29, 30, 31 and 32 and vacated Union Street and College Avenue of Valentine Brown’s Addition to the City of Stevens Point, located in the Northeast 1/4 of the Northwest 1/4 of
Section 32, Township 24 North, Range 8 East, City of Stevens Point, Portage County, Wisconsin, described as follows: 
 Commencing at the
Northeast corner of Block 29 of said Valentine Brown’s Addition; thence South 00 degrees 57 minutes 46 seconds West a distance of 18.65 feet to the point of beginning; thence North 90 degrees 00 minutes 00 seconds East a distance of 198.50
feet; thence South 00 degrees 00 minutes 00 seconds East, a distance of 10.00 feet; thence North 90 degrees 00 minutes 00 seconds East, a distance of 80.00 feet; thence North 00 degrees 00 minutes 00 seconds East a distance of 139.00 feet; thence
North 90 degrees 00 minutes 00 seconds West, a distance of 30.00 feet; thence North 00 degrees 00 minutes 00 seconds East, a distance of 37.00 feet; thence North 90 degrees 00 minutes 00 seconds West, a distance of 50.00 feet; thence North 00
degrees 00 minutes 00 seconds East, a distance of 95.00 feet; thence North 90 degrees 00 minutes 00 seconds West, a distance of 341.00 feet; thence South 00 degrees 00 minutes 00 seconds East, a distance of 261.00 feet; thence North 90 degrees 00
minutes 00 seconds East, a distance of 142.50 feet to the point of beginning and there terminating. 
 TOGETHER WITH THE NON-EXCLUSIVE EASEMENT
RIGHTS CREATED BY THAT CERTAIN RECIPROCAL EASEMENTS, PARKING AND OPERATING AGREEMENT AND DECLARATION OF RESTRICTIONS, RECORDED IN VOLUME 457, PAGE 817, AS DOCUMENT NO. 380726; AS AMENDED IN VOLUME 457, PAGE 901, AS DOCUMENT NO. 380735. 

TAX I.D.: 2408-32-2029-50 
 Stevens Point, WI
(Store 55) 

 LEGAL DESCRIPTION 
 Lot 2, Crescent Oaks Plaza Replat, an Addition to the City of Omaha, Douglas County, Nebraska. 

Together with non-exclusive easement rights created by Corporation Quitclaim Deed, filed May 16, 1984 in Book 1730 at Page 43, Deed Records, Douglas
County, Nebraska. 
 Together with non-exclusive easement rights created by Cross-Easement Agreement by and between Shopko Stores, Inc., a
Minnesota corporation, and K.V. Company, a Nebraska Partnership, filed June 13, 1986 in Book 777 at Page 469, Miscellaneous Records, and First Amendment to Cross-Easement Agreement, filed September 24, 1997 in Book 1223 at Page 298,
Miscellaneous Records, Douglas County, Nebraska. 
 TAX I.D.: 1070-1502-09 
 Omaha, NE (Store 56) 

 LEGAL DESCRIPTION 
 PARCEL 1: 
 That part of Lot 7 of the Subdivision of Section 20, Township 107 North, Range 7
West of the Fifth Principal Meridian, Winona County, Minnesota, being located in the Northeast Quarter of the Southwest Quarter of said Section 20, described as follows: 
 Commencing at the southeast corner of the Northeast Quarter of the Southwest Quarter of said Section 20; thence westerly along the south line of the Northeast Quarter of the Southwest Quarter of said
Section 20, a distance of 379.80 feet to the northwesterly right-of-way line of Trunk Highway No. 14; thence on an assumed bearing of North 34 degrees 02 minutes East along said northwesterly right-of-way line, 596.15 feet to a one-half
inch iron pipe monument in the centerline of Cottonwood Drive; thence North 55 degrees 58 minutes West along the centerline of said Cottonwood Drive and its northwesterly extension, 310.00 feet to a one-half inch iron pipe monument; thence South 34
degrees 02 minutes West, 247.73 feet to a point on the northwesterly line of said Cottonwood Drive for the point of beginning of the land to be described; thence North 55 degrees 58 minutes West, 99.00 feet; thence North 34 degrees 02 minutes East,
239.00 feet; thence South 55 degrees 19 minutes East, 140.00 feet; thence South 34 degrees 02 minutes West, 25.33 feet to a point on the northerly line of said Cottonwood Drive; thence easterly 158.83 feet along the northerly line of said Cottonwood
Drive and along a non-tangential curve concave to the South, having a radius of 180.00 feet, a central angle of 50 degrees 33 minutes 30 seconds, and the chord of said curve bears South 81 degrees 14 minutes 45 seconds East; thence South 55 degrees
58 minutes East tangent to said curve and along the northerly line of said Cottonwood Drive, 130.00 feet to the northwesterly right-of-way line of said Trunk Highway No. 14; thence North 34 degrees 02 minutes East along said northwesterly
highway right-of-way line, 60.40 feet to the east line of said Northeast Quarter of the Southwest Quarter, also being the east line of said Lot 7; thence North 0 degrees 18 minutes 14 seconds East along the east line of said Northeast Quarter of the
Southwest Quarter, 124.03 feet to the intersection with a line 125.00 feet southwesterly of, measured at right angles to, and parallel with the tangent of a curve of the centerline of the southbound lane of Trunk Highway No. 61, as monumented;
thence North 59 degrees 19 minutes 09 seconds West along said last intersected line and along its northwesterly extension being 125.00 feet southerly of, measured at right angles to, and parallel with the centerline of the southbound lane of said
Trunk Highway No. 61, a distance of 1079.93 feet to the intersection with a line bearing North 34 degrees 02 minutes East from the point of intersection of the present southwesterly right-of-way line of Gilmore Valley Creek (said creek
right-of-way line being immediately southerly of said Trunk Highway No. 61), as monumented with a line 990.00 feet westerly of, measured at right angles to, and parallel with the east line of the Southwest Quarter of said Section 20;
thence South 34 degrees 02 minutes West, 105.04 feet along said last intersected line to said last described point of intersection on said right-of-way line of Gilmore Valley Creek; thence continuing South 34 degrees 02 minutes West, 195.00 feet to
a one-half inch iron pipe monument; thence South 3 degrees 40 minutes 13 seconds West, 257.00 feet to a one-half inch iron pipe monument; thence South 37 degrees 10 minutes 59 seconds East, 327.17 feet to a point on the northwesterly extension of
the southwesterly line of the property described in Record Deed Document No. 248834, distance 397.30 feet northwesterly from the most southerly corner of the property described in said Deed Document No. 248834; thence South 55 degrees 58
minutes East along said last intersected line and the southwesterly line of the property described in said Deed Document No. 248834, a distance of 197.30 feet to a point 200.00 feet northwesterly of the most southerly corner of the property
described in said Deed Document No. 248834, said point also being the most southerly corner of the property described in Record Deed Document No. 290510; thence North 34 degrees 02 minutes East 

Winona, MN (Store 57) 

 along the southeasterly line of the property described in said Deed Document No. 290510. a distance of
225.00 feet to the intersection with the northwesterly line of the property described in said Deed Document No. 248834; thence South 55 degrees 58 minutes East along said last intersected line, 200.00 feet to the northwesterly line of said
Cottonwood Drive; thence North 34 degrees 02 minutes East along the Northwesterly line of said Cottonwood Drive, 24.00 feet to the point of beginning. 
 ALSO, That part of Lot 7 of the Subdivision of Section 20, Township 107 North, Range 7 West, Winona County, Minnesota described as follows: Commencing at the southeast corner of the Northeast Quarter
of the Southwester Quarter of said Section 20; thence run westerly on the south line of the Northeast Quarter of the Southwest Quarter of said Section 20, a distance of 379.8 feet to the northwesterly right-of-way line of Trunk Highway
No. 14 as now located and monumented; thence on an assumed bearing of North 34 degrees 02 minutes 00 seconds East along said northwesterly right-of-way line, 596.15 feet to a one-half inch iron pipe monument in the centerline of Cottonwood
Drive; thence North 55 degrees 58 minutes 00 seconds West along the centerline of said Cottonwood Drive and its northwesterly extension, 310.00 feet to a one-half inch iron pipe monument; thence South 34 degrees 02 minutes 00 seconds West, 247.73
feet to a point on the northwesterly line of said Cottonwood Drive for the point of beginning of the land to be described; thence North 55 degrees 58 minutes 00 seconds West, 99 feet; thence North 34 degrees 02 minutes 00 seconds East, 239 feet;
thence South 55 degrees 19 minutes 00 seconds East, 140 feet; thence South 34 degrees 02 minutes 00 seconds West, 25.33 feet to a point on the northerly line of said Cottonwood Drive; thence easterly 158.83 feet along the northerly line of said
Cottonwood Drive and along a non-tangential curve concave to the South, having a radius of 180 feet, a central angle of 50 degrees 33 minutes 30 seconds, and a chord bearing of South 81 degrees 14 minutes 45 seconds East; thence South 55 degrees 58
minutes 00 seconds East, 130 feet to a point on the northwesterly right-of-way line of said Trunk Highway No. 14 said point hereinafter referred to as “Point A”; thence North 34 degrees 02 minutes 00 seconds East along said highway
right-of-way line, 60.4 feet to the east line of said Northeast Quarter of the Southwest Quarter; thence North 0 degrees 18 minutes 14 seconds East along said east quarter-quarter line, 84.03 feet to a point hereinafter referred to as “Point
B”; thence North 36 degrees 02 minutes 43 seconds West, 87.33 feet; thence North 59 degrees 19 minutes 09 seconds West, 959.83 feet to a point hereinafter referred to as “Point C”; thence South 34 degrees 02 minutes 00 seconds West,
109.25 feet to a point hereinafter referred to as “Point D”; thence North 55 degrees 17 minutes 55 seconds West, 60.01 feet to the west line of the East 990 feet of said Northeast Quarter of the Southwest Quarter; thence South 0 degrees 18
minutes 14 seconds West, along the west line of said East 990 feet, 78.73 feet; thence South 90 degrees 00 minutes 00 seconds West, 52.75 feet; thence South 34 degrees 02 minutes 00 seconds West, 69.99 feet to a point hereinafter referred to as
“Point E”; thence South 0 degrees 00 minutes 00 seconds West, 180.16 feet to a point hereinafter referred to as “Point F”; thence South 90 degrees 00 minutes 00 seconds West, 10 feet to a point hereinafter referred to as
“Point G”; thence southeasterly 177.68 feet on a non-tangential curve concave to the northeast, having a radius of 270.44 feet, a delta angle of 37 degrees 38 minutes 37 seconds and a chord bearing of South 18 degrees 49 minutes 19 seconds
East; thence South 37 degrees 38 minutes 37 seconds East, 99.58 feet; thence South 24 degrees 58 minutes 00 seconds East, 23.89 feet to a point hereinafter referred to as “Point H”; thence North 65 degrees 02 minutes 00 seconds East, 10
feet to a point hereinafter referred to as “Point J”; thence South 24 degrees 58 minutes 00 seconds East, 120 feet to a point on the northwesterly extension of the southwesterly line of the property described in record Deed Document
No. 248834, distant 382.3 feet northwesterly of the most southerly corner of said property, said point hereinafter referred to as “Point K”; thence South 55 degrees 58 minutes 00 seconds East along said northwesterly extension, 105
feet; thence South 55 degrees 58 minutes 00 seconds East along said southwesterly property line, 77.3 feet; thence North 34 degrees 02 minutes 00 seconds East, 225 feet to a point on the northeasterly line of said property; thence South 55 degrees
58 minutes 00 seconds East, 200 feet to the most easterly 
 Winona, MN (Store 57) 

 corner of said property; thence North 34 degrees 02 minutes 00 seconds East, 24 feet to the point of
beginning. 
 EXCEPTING THEREFROM, THE PARCEL DESCRIBED AS FOLLOWS: That part of Lot 7 of the Subdivision of Section 20, Township 107
North, Range 7 West, Winona County, Minnesota, described as follows: Commencing at the southeast corner of the Northeast Quarter of the Southwest Quarter of said Section 20; thence westerly along the south line of the Northeast Quarter of the
Southwest Quarter of said Section 20, a distance of 379.80 feet to the northwesterly right-of-way line of Trunk Highway No. 14; thence on an assumed bearing of North 34 degrees 02 minutes00 seconds East along said northwesterly
right-of-way line of Trunk Highway No. 14 a distance of 683.95 feet to the east line of said Northeast Quarter of the Southwest Quarter, (also being the east line of said Lot 7) and the point of beginning of the land to be described; thence
North 0 degrees 18 minutes 14 seconds East along said east line of the Northeast Quarter of the Southwest Quarter a distance of 84.03 feet; thence North 36 degrees 02 minutes 43 seconds West, a distance of 87.33 feet; thence North 59 degrees 19
minutes 09 seconds West, a distance of 166.00 feet; thence South 30 degrees 40 minutes 51 seconds West, a distance of 53.17 feet; thence Southerly a distance of 60.21 feet along a non-tangential curve concave to the West, having a radius of 165.00
feet, a central angle of 20 degrees 54 minutes 33 seconds, and the chord of said curve is 59.88 feet in length and bears South 15 degrees 23 minutes 56 seconds East; thence South 4 degrees 56 minutes 40 seconds East, tangent to said curve, a
distance of 26.47 feet; thence southerly a distance of 76.25 feet along a tangential curve concave to the East, having a radius of 125.0 feet and a central angle of 34 degrees 56 minutes 56 seconds, to the intersection of the northerly line of
Cottonwood Drive as monumented; thence Southeasterly along said northerly line of Cottonwood Drive a distance of 36.92 feet along a non-tangential curve concave to the southwest, having a radius of 180.0 feet, a central angle of 11 degrees 45
minutes 11 seconds, and the chord of said curve is 36.86 feet in length and bears South 61 degrees 50 minutes 36 seconds East, to a one-half inch iron pipe monument on said northerly line of Cottonwood Drive; thence South 55 degrees 58 minutes 00
seconds East along said northerly line of Cottonwood Drive as monumented, a distance of 130.0 feet to a one-half inch iron pipe monument on said northwesterly right-of-way line of Trunk Highway No. 14; thence North 34 degrees 02 minutes 00
seconds East along said northwesterly right-of-way line of Trunk Highway No. 14 a distance of 60.40 feet to the point of beginning. 

PARCEL 2: 
 Appurtenant easements for access as
contained and described in the Cross-Access and Site Restriction Agreement, recorded as Document No. 344340 in the Office of the County Recorder, Winona County, Minnesota. 
 PARCEL 3: 
 Appurtenant easements for access, ingress, egress and parking as contained and
described in the Access and Parking Easement and Maintenance Agreement, recorded as Document No. 389976 in the Office of the County Recorder, Winona County, Minnesota. 
 Tax Parcel # (R32.320.0800) 
 Winona, MN (Store 57) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 Lot 1, Block 1, Darling’s Third Addition, City of Worthington, Nobles County,
Minnesota. 
 Parcel 2: 
 Lot 2, Block
1, Darling’s Third Addition EXCEPT the South 250 feet thereof, City of Worthington, Nobles County, Minnesota. 
 Parcel 3: 

Non-exclusive easement for pedestrian and vehicular access as contained in Easement Agreement recorded February 2, 1999 as Document No. 274373,
Nobles County, Minnesota. 
 TAX I.D.: 31-1526-600; 31-1526-700 
 Worthington, MN (Store 58) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 Lot 1, Block 1, ShopKo Addition to the City of Fairmont according to the recorded plat
thereof, Martin County, Minnesota. 
 Parcel 2: 
 Non-exclusive easements created by Amended and Restated Declaration of Cross-easements and Covenants and Restrictions dated January 28, 2004, recorded February 27, 2004, as Document
No. 370878. 
 TAX I.D.: R23.321.0010 
 Fairmont, MN (Store 59) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 Beginning at the Northwest corner of the Southwest Quarter of the Northeast Quarter of
Section 33, Township 103 North, Range 21 West; thence South 89 degrees 42 minutes 50 seconds East 825.00 feet on an assumed bearing on the North line of the Southwest Quarter of the Northeast Quarter of Section 33, Township 103 North,
Range 21 West; thence South 00 degrees 18 minutes 30 seconds East 448.00 feet; thence North 89 degrees 42 minutes 50 seconds West 410.00 feet; thence South 00 degrees 18 minutes 30 seconds East 15.00 feet; thence North 89 degrees 42 minutes 50
seconds West 415.00 feet to the West line of the Southwest Quarter of the Northeast Quarter of Section 33, Township 103 North, Range 21 West; thence North 00 degrees 18 minutes 30 seconds West 463.00 feet on the West line of said quarter
quarter section to the point of beginning, being part of the Southwest Quarter of the Northeast Quarter of Section 33, Township 103 North, Range 21 West, except therefrom the following: 
 Lot 1, Block 1, Wells Federal Bank Addition, Freeborn County, Minnesota; and 
 That part of the
Southwest Quarter of the Northeast Quarter of Section 33, Township 103 North, Range 21 West, described as follows: 
 Commencing at the
Northwest corner of the Southwest Quarter of the Northeast Quarter of Section 33, Township 103 North, Range 21 West; thence South 00 degrees 18 minutes 30 seconds East, a distance of 463 feet, on an assumed bearing on the West line of said SW
1/4 NE 1/4, to the point of beginning; thence South 89 degrees 42 minutes 50 seconds East a distance of 210.00 feet, on a line parallel with the North line of said SW 1/4 NE 1/4; thence North 00 degrees 18 minutes 30 seconds West a distance of
160.00 feet; thence North 89 degrees 42 minutes 50 seconds West a distance of 210.00 feet, to a point on the West line of said SW 1/4 NE 1/4; thence South 00 degrees 18 minutes 30 seconds East a distance of 160.00 feet, to the point of beginning.

 Parcel 2: 
 Non-exclusive easement
for ingress and egress as contained in Warranty Deed Document No. 309117, dated March 08,1985, filed March 14,1985 and described as follows: Part of the Southwest Quarter of the Northeast Quarter of Section 33, Township 103
North, Range 21 West, City of Albert Lea, Freeborn County, Minnesota described as commencing at the Northwest corner of the Southwest Quarter of the Northeast Quarter of Section 33, Township 103 North, Range 21 West; thence South 00 degrees 18
minutes 30 seconds East 463.00 feet along the West line of said quarter quarter section to the point of beginning; thence South 89 degrees 42 minutes 50 seconds East 415.00 feet; thence North 00 degrees 18 minutes 30 seconds West 15 feet; thence
South 89 degrees 42 minutes 50 seconds East 82.83 feet; thence South 00 degrees 18 minutes 30 seconds East 40.00 feet; thence North 89 degrees 42 minutes 50 seconds West 497.83 feet to the West line of said quarter quarter section; thence North 00
degrees 18 minutes 30 seconds West 25.00 feet to the point of beginning. 
 Parcel 3: 
 Non-exclusive easement for ingress and egress as contained in Cross-Easement and Use Restriction Agreement dated March 08, 1985, filed March 14, 1985 as Document No. 309118 and the First
Amendment to Cross-Easement and Use Restriction Agreement dated March 03, 2005, filed March 16, 2005 as Document No. 452016. 

TAX I.D.: R34.256.0461 
 Alberta Lea, MN (Store
60) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the State of Minnesota, County of Benton and described as follows: 
 Lots 1 and 2, Block 1, Lincoln Place Addition, according to the plat thereof on file or of record in the office of the County Recorder, Benton County, Minnesota. 

Except: 
 The most southerly 30.00 feet of Lots
1 and 2, Block 1, lying easterly of the east line of Outlot A, said Lincoln Place Addition; 
 And except: 

That part of Lots 1 and 2, Lincoln Place Addition, described as: Beginning at the Southwest corner of said Lot 1; thence North 04 degrees 33 minutes 56
seconds West, plat bearing, along the West line of said Block 1, a distance of 117.41 feet; thence North 83 degrees 32 minutes 46 seconds East, a distance of 88.58 feet; thence Easterly and Southeasterly, a distance of 77.08 feet along a
non-tangential curve concave to the Southwest having a radius of 61.26 feet and a central angle of 72 degrees 05 minutes 28 seconds, the chord of the last described curve bears South 63 degrees 09 minutes 58 seconds East; thence South 00 degrees 20
minutes 31 seconds East, a distance of 153.44 feet; thence Southwesterly, a distance of 57.06 feet along a non-tangential curve concave to the Northwest having a radius of 59.14 feet and a central angle of 55 degrees 16 minutes 58 seconds the chord
of the last described curve bears South 37 degrees 41 minutes 45 seconds West; thence South 88 degrees 15 minutes 09 seconds West, a distance of 84.29 feet; thence Northwesterly, a distance of 9.50 feet along a tangential curve concave to the North
having a radius of 37.81 feet and a central angle of 14 degrees 23 minutes 30 seconds; thence North 77 degrees 21 minutes 21 seconds West, tangential to the last described curve, a distance of 8.74 feet, more or less to the West line of said Block
1; thence North 04 degrees 33 minutes 56 seconds West along the West line of said Block 1, a distance of 102.49 feet to the point of beginning. 

And except: 
 That part of Lot 1, Block 1,
Lincoln Place Addition, according to the plat thereof on file and of record in the Office of the Benton County Recorder, Benton County, Minnesota described as follows: Beginning at the most northerly corner of Outlot B, said Lincoln Place Addition;
thence North 30 degrees 35 minutes 43 seconds East, plat bearing, along the northwesterly line of said Lot 1, a distance of 43.75 feet; thence North 79 degrees 07 minutes 39 seconds East, along the northerly line of said Lot 1, a distance of 148.35
feet; thence South 01 degree 24 minutes 11 seconds East 181.59 feet; thence South 88 degrees 35 minutes 49 seconds West 169.51 feet to the west line of said Lot 1; thence North 01 degree 24 minutes 11 seconds West, along said west line, 120.08 feet
to the point of beginning. 
 St. Cloud, MN (Store 61) 

 Together with Non-exclusive easements created by Cross-Easement and Use Restriction Agreement as contained
in Document No. 173066, dated March 15, 1985, recorded April 17, 1985 in Book 2 of Easements, page 553; as assigned by Assignment of Cross-Easement and Use Restriction Agreement, as contained in Document No. 213702, dated
March 01, 1993, recorded March 26, 1993; as amended by First Amendment to Cross-Easement and Use Restriction Agreement, as contained in Document No. 221497, dated March 14, 1994, recorded March 15, 1994. 

Together with Non-exclusive easements created by Declaration of Cross-Easement as contained in Document No. 238373, dated October 17, 1996,
recorded October 22, 1996. 
 Together with Non-exclusive easements created by Grant of Easements for ingress and egress as contained in
Document No. 173049, dated March 15, 1985, recorded April 16, 1985 in Book 2 of Easements, page 546. 
 Together with
Non-exclusive easement rights created by Cross-Easement and Use Restriction Agreement as contained in Document No. 215818, dated May 28, 1993, recorded June 25, 1993; as amended by First Amendment to Cross-Easement and Use
Restriction, as contained in Document No. 221434, dated March 03, 1994, recorded March 10, 1994. 
 Tax I.D #
(R17.01422.00) 
 St. Cloud, MN (Store 61) 

 LEGAL DESCRIPTION 
 Lot 1C of the amended Plat of Lot 1C, Block 1 of the Westwood No. 2 Addition to the City of Great Falls, Cascade County, Montana, according to the official map or plat on file and of record in the
Office of the Clerk and Recorder of said county. 
 Together with non-exclusive easement rights created by Cross Easement Agreement made by and
between Pacific Coast Realty, Inc. and Dr. William G. Shull Recorded: July 30, 1985, on Reel 175, Document 891, as assigned by Transfer of Contract Rights executed by Pacific Coast Realty, Inc., to ShopKo Stores, Inc., recorded
January 22, 1992 on Real 234, Document 181 and First Amendment recorded October 27, 1999 on Reel 327, under Document 669. 

Tax I.D.: 1856705 
 Great Falls, MT (Store 62)

 LEGAL DESCRIPTION 
 A portion of Lots 2 and 4 Block 1, Pine Ridge Mall Subdivision and a portion of Lot 1, Block 1, Pine Ridge Mall First Addition, Bannock County, Idaho, as the same appears on the Official Plat thereof,
filed in the Office of the County recorder of said County, described as follows: 
 A parcel of land located in the SW 1/4 of Section 10,
Township 6 South, Range 34 East, Boise Meridian, Bannock County, Idaho, more particularly described as follows: 
 Beginning at the S 1/16 corner
on the West line of said section, a found Railroad Spike (Instr. #752838); thence South 89°14’42” East 1480.08 feet to the southeast corner of the Shopko Store, the true point of beginning; thence North along the East line of the store
261.47 feet to the northeast corner of the store; thence continuing North 147.00 feet; thence West 46.15 feet; thence North 99.00 feet; thence West 55.00 feet; thence North 392.92 feet; 
 Thence West 39.19 feet to the point of curvature of a 325.00 foot radius curve to the left having a central angle of 90°00’00” the radius point of which bears South; thence along said curve
510.51 feet to the point of tangency; thence South 565.39 feet to the point of curvature of a 20.00 foot radius curve having a central angle of 90°00’00”, the radius point of which bears East; thence along said curve 31.42 feet to the
point of tangency; thence East 445.34 feet; thence North 10.00 feet to the true point of beginning. 
 Together with non-exclusive easements and
rights of way for ingress, egress and use over and across the “Common Areas” of the Shopping Center including easements for utilities which “Common Areas” are more particularly described in the Reciprocal Easement Agreement,
dated 8-7-95, and recorded as Document No. 95011571 on 8-10-95 in the Records of Bannock County, Idaho. 
 Together with a non-exclusive
easement for a roadway as created in that certain Road Easement Agreement recorded as Document No. 634989; recorded as Document No. 637192. 
 Tax Parcel Numbers: RCPR1000102 & RCPRM000202 
 Pocatello, ID (Store 63) 

 LEGAL DESCRIPTION 
 A parcel of land being portions of Lots 16 and 28 of Midway Subdivision, Canyon County, Idaho as filed for record in the office of the Canyon County Recorder in Book 4 of Plats at Page 39 and more
particularly described as follows: 
 BEGINNING at a brass cap marking the South Quarter corner of said Section 8; thence North
0°32’20” East 1,435.00 feet along the Easterly boundary of the said Southwest Quarter of Section 8 to the True Point of Beginning; thence continuing North 0°32’20” East, 141.07 feet along the said Easterly boundary
of the Southwest Quarter of Section 8 to a point; thence North 46°15’05” West, 328.75 feet along a line Northeasterly of and parallel with the center line of Caldwell Boulevard, also known as U.S. Highway 30, S.A.P. No. #14 (4),
to a point; thence South 43° 44’ 55” West 286.79 feet to a point; thence South 46° 15’ 05” East 28.01 feet; thence South 43° 44’ 55” West 69.00 feet to a point; thence South 46° 15’ 05” East
46.08 feet to a point; thence South 43° 44’ 55” West 84.00 feet to a point; thence North 46° 15’ 05” West 74.09 feet to a point; thence South 43° 44’ 55” West 502.92 feet to a point on the proposed
Northeasterly right-of-way line of said Caldwell Boulevard; thence South 46° 15’ 05” East 385.77 feet along the said proposed Northeasterly right-of-way line of Caldwell Boulevard to a point; thence North 43° 44’ 55” East
123 feet to a point; thence South 46° 15’ 05” East 45.42 feet to a point; thence North 43° 44’ 55” East 390.38 feet to a point; thence North 46° 15’ 05” West 5.86 feet along a line Northeasterly of and
parallel with the said center line of Caldwell Boulevard to a point; thence North 43° 44’ 55” East 326.51 feet to the Point of Beginning. 
 AND 
 A parcel of land being portions of Lots 16 and 28 of Midway Sub-Division, as filed for
record in the office of the Canyon County Recorder, Caldwell, Idaho in Book 4 of Plats at Page 39 lying in the Southwest Quarter of Section 8, Township 3 North, Range 2 West, Boise Meridian, Canyon County, Idaho and more particularly described
as follows: 
 BEGINNING at a brass cap marking the South One-Quarter corner of the said Section 8; thence North 0° 32’ 20”
East 209.93 feet along the Easterly boundary of the said Southwest Quarter of Section 8 to a point on the centerline of Caldwell Boulevard; thence North 46° 15’ 05” West 1,234.80 feet along the said centerline of Caldwell
Boulevard to a point; thence North 0° 22’ 46” East 42.63 feet to a point on the Northeasterly right-of-way line of the said Caldwell Boulevard, also said point being the Real Point of Beginning; thence North 43° 44’ 55”
East 22.00 feet to a point; thence South 46° 15’ 05n East 431.19 feet along a line 22.00 feet Northeasterly of and parallel with the said Northeasterly right-of-way line of Caldwell Boulevard; thence South 43° 44’ 55” West
22.00 feet to a point on the said Northeasterly right-of-way line of Caldwell Boulevard; thence North 46° 15’ 05” West 431.19 feet along the said Northeasterly right-of-way line of Caldwell Boulevard to the Point of feet. 

EXCEPTING THEREFROM: 
 A parcel of land located
in the Southwest Quarter, Section 8, Township 3 North, Range 2 West, Boise Meridian, Nampa, Canyon County, Idaho. 
 Nampa, ID (Store 64)

 COMMENCING at a found brass cap which marks the Quarter corner common to Sections 8 and 17, Township 3
North, Range 2 West; thence along the North-South centerline of Section 8, North 00” 32’ 20” East, a distance of 282.65 feet to a point on the Northeasterly right-of-way line of Caldwell Blvd. (U.S. Hwy 30); thence along said
right-of-way line North 46° 15’ 05” West, a distance of 1,020.71 feet to the Real Point of Beginning; thence continuing along said right-of-way line, North 46° 15’ 05” West, a distance of 143.44 feet; thence leaving said
right-of-way line, North 43° 44’ 55” East, a distance of 193.82 feet; thence South 46° 15’ 05” East, a distance of 143.44 feet; thence South 43° 44’ 55” West, a distance of 193.82 feet to the Real Point of
Beginning. 
 Together with the non-exclusive easements created by that certain Restated Cross-Easement and Use Restriction Agreement recorded
as Instrument No. 8530323, as amended in Instrument No. 8825243; as assigned in 9305742, (re-recorded as Instrument No. 9413958); as amended in Instrument No. 9412004; as amended in Instrument No. 9505364; as amended in
Instrument No. 9505365; and in Instrument No. 200003682. 
 Together with an easement for a drainage ditch created by that certain
Easement Agreement, recorded as Instrument No. 8624614; as amended in Instrument No. 9409788; and in Easement and Maintenance Agreement recorded as Instrument No. 8624615; as amended in Instrument No. 9409788. 

Tax Parcel Number: N5735028000C 
 Nampa, ID
(Store 64) 

 LEGAL DESCRIPTION 
 Parcel A: 
 That portion of Country Homes Estates and vacated Westview Avenue, according to the
plat on file in Volume “S” of Plate, Page 16, in Spokane County, Washington, in the East half of the Southwest Quarter, Section 17, Township 26 North, Range 43 East, W.M., particularly described as follows: 

Commencing at the Southeast corner of said East half of the Southwest Quarter (South Quarter corner), monumented with a Brass Cap, 3 inches in diameter,
set in concrete; 
 Thence North 0° 03’ 09” East, 20.00 feet along the East boundary of said East half of the Southwest quarter to
a rebar, 1/2 inches in diameter, with a plastic cap marked 18091; 
 Thence South 88° 51’ 00” West, 477.59 feet parallel with the
South boundary of said East half of the Southwest quarter to the point of beginning; 
 Thence continuing South 88° 51’ 00” West,
70.00 feet parallel with the South boundary of said East half of the Southwest quarter; 
 Thence North 58° 05’ 56” West 841.09
feet North to the Southeast right of way line of the Newport Highway, P.S.H. No. 6; 
 Thence North 31° 54’ 04” East, 298.69
feet on the southeasterly boundary of the Newport Highway P.S.H. No. 6 right of way; 
 Thence South 58° 05’ 56” East, 274.00
feet; 
 Thence North 31° 54’ 04” East, 210.00 feet; 
 Thence North 58° 05’ 56” West, 223.00 feet; 
 Thence South 31° 54’ 04”
West, 28.50 feet; 
 Thence North 58° 05’ 06” West, 51.00 feet to the southeasterly boundary of the said Newport Highway P.S.H.
No. 6 right of way; 
 Thence North 31° 54’ 04” East, 63.50 feet on said right of way; 

Thence South 58° 05’ 56” East, 507.00 feet; 
 Thence South 31° 54.’ 04” West, 25.00 feet; 
 Thence South 58° 05’ 56”
East, 278.33 feet; 
 Thence South 31° 54’ 04” West, 284.00 feet; 
 Thence South 58° 05’ 56” East, 60.00 feet; 
 Thence South 31° 54’ 04”
West, 112.85 feet; 
 Thence South 1° 09’ 00” East, 99.78 feet to the point of beginning; 

Except the southerly 27.5 feet parallel to Holland Road conveyed to the City of Spokane by Recording No. 9105240097; 

Also except that portion of Country Homes Estates and vacated Westview Avenue, according to plat recorded in Volume “S” of Plats, Page 16, in
Spokane County, Washington, in the East Half of the Southwest Quarter of Section 17, Township 26 North, Range 43 East. W.M., more particularly described as follows: 
 Commencing at the southwesterly corner of Tract 2 as shown on record of survey recorded in Book 100 of surveys, Pages 18 and 19; said point also being on the easterly right of way line of Newport Highway
(P.S.H. No. 6); 
 Spokane, WA (Store 66) 

 Thence North 31° 54’ 04” East along said right of way line a distance of 93.66 feet to the
point of beginning; 
 Thence continuing along said right of way line North 31° 54’ 04” East a distance of 205.00 feet to the
southwesterly corner of tract 1, as shown on said record of survey; 
 Thence along the southerly line of said Tract 1, South 58° 05’
56” East a distance of 274.00 feet to the southeasterly corner of said Tract 1; 
 Thence South 31° 54’ 04” West a distance of
205.00 feet; 
 Thence North 58° 05’ 56” West a distance of 274.00 feet to the point of beginning; 

Situate in the City of Spokane, County of Spokane, State of Washington. 
 Parcel B: 
 An easement for fire access purposes and footings easements lying over and across that
portion of Country Homes Estates and vacated Westview Avenue, according to the plat on file in Volume “S” at Page 16, in the Office of the Recorder of Spokane County, Washington in the East half of the Southwest Quarter, Section 17,
Township 26 North, Range 43 East of the Willamette Meridian, in Spokane County, Washington, more particularly described as follows: 

Commencing at the Southeast corner of said East half of the Southwest 
 Quarter (South Quarter Section corner), monumented with a Brass Cap, 3 inches in diameter, set in concrete; 
 Thence North 0° 03’ 09” East, 20.00 feet along the East boundary of said East half of the Southwest Quarter to a rebar, 1/2 inches in diameter, with a plastic cap marked 18091; 

Thence South 88° 51’ 00” West, 477.59 feet parallel with the South boundary of said East half of the Southwest quarter; 

Thence North 1° 09’ 00” West, 99.78 feet; 
 Thence North 31° 54’ 04” East, 112.85 feet to the point of beginning; 
 Thence
continuing North 31° 54’ 04” East, 344.00 feet; 
 Thence North 58° 05’ 56” West, 398.33 feet; 

Thence South 31° 54’ 04” West, 35.00 feet; 
 Thence South 58° 05’ 56” East, 60.00 feet; 
 Thence South 31° 54’ 04”
West, 25.00 feet; 
 Thence South 58° 05’ 56” East, 278.33 feet; 
 Thence South 31° 54’ 04” West, 284.00 feet; 
 Thence South 58° 05’ 56”
East, 60.00 feet to the point of beginning; 
 Situate in the County of Spokane, State of Washington. 

Together with non-exclusive easement rights created by Common Access and Utility Agreement between First Western Development of Washington V Associates
and Shopko Stores, Inc., and Holland Road Properties, Inc., Howard Gatlin, and the City of Spokane recorded as document 9104260214 and amendment recorded as document 9304050598. 
 TAX I.D.: 36173-1340 
 Spokane, WA (Store 66) 

 LEGAL DESCRIPTION 
 Lot 6 in Block 1 of First Amended Magic Valley Mall, Planned Unit Development, recorded in Book 14 of Plats, Page 35, a Resubdivision and renumbering of a portion of Lot 1 in Block 1 of Magic Valley Mall,
Twin Falls County, Idaho, according to the Plat thereof, recorded in Book 13 of Plats, Page 22, records of said County, being more particularly described as follows: 
 Township 9 South, Range 17 East of the Boise Meridian, Twin Falls County, Idaho 
 Section 34:
A parcel of land located in Lot 3 and the SE 1/4 SW 1/4, being more particularly described as follows: 
 Beginning at the South quarter corner
of said Section 34; 
 Thence North 89° 36’ 38” West along the South line of Section 34 for 721.30 feet; 

Thence North 580.64 feet to the True Point of Beginning; 
 Thence North 69° 29’ 15” East 150.00 feet to the point of curvature of a 79.32 foot radius curve having a central angle of 41° 26’ 06”, the radius point of which bears North
20° 30’ 45” West; 
 Thence along said curve 57.36 feet to the point of tangency; 

Thence North 28° 03’ 15” East 118.61 feet to the point of curvature of a 120.21 foot radius curve having a central angle of 28° 01’
26”, the radius point of which bears North 61° 56’ 45” West; 
 Thence along said curve 58.80 feet to the point of tangency;

 Thence North 0° 01 ‘09” East 302.33 feet to the point of curvature of a 276.07 foot radius curve having a central angle of
20° 31’ 54”, the radius point of which bears North 89° 58’ 51” West; 
 Thence along said curve 98.93 feet to the
point of tangency; 
 Thence North 20° 30’ 45” West 53.76 feet to the point of curvature of a 250.00 foot radius curve having a
central angle of 90° 00’ 00”, the radius point of which bears South 69° 29’ 15” West; 
 Thence along said curve
392.70 feet to the point of tangency; 
 Thence South 69° 29’ 15” West 140.00 feet; 

Thence North 20° 30’ 45” West 100.00 feet to the point of curvature of a 61.74 foot radius curve having a central angle of 28° 09’
31”, the radius point of which bears North 69° 29’ 15” East; 
 Thence along said curve 30.34 feet to the point of tangency;

 Thence North 07° 38’ 46” East 29.09 feet to the southerly right of way line of interior blvd; 

Thence North 82° 21’ 14” West along the southerly right of way 18.00 feet; 
 Thence South 07° 38’ 46” West 29.09 feet to the point of curvature of a 79.74 foot radius curve having a central angle of 28° 09’ 31”, the radius of which bears South 82°
21’ 14” East; 
 Thence along said curve 39.19 feet to the point of tangency; 
 Thence South 20° 30’ 45” East 100.00 feet; 
 Thence South 69° 29’ 15”
West 120.00 feet to the point of curvature of a 332.71 foot radius curve having a central angle of 5° 35’ 31”, the radius point of which bears North 20° 30’ 45” West; 

Thence along said curve 32.47 feet; 
 Thence
South 20° 30’ 45” East 320.32 feet; 
 Thence North 69° 29’ 14” East 27.99 feet to the point of curvature of a 25.00
foot radius curve having a central angle of 60° 00’ 13”, the radius point of which bears South 20° 30’ 46” East; 

Thence along said curve 26.18 feet to the point of tangency; 
 Twin Falls, ID (Store 67) 

 Thence South 50° 30’ 33” East 27.56 feet; 

Thence South 20° 30’ 45” East 49.28 feet to the “North” face of the proposed ShopKo Store; 

Thence South 58° 28’ 20” West along said face 23.96 feet to the “northwest” corner of ShopKo; 

Thence South 31° 31’ 40” East along the “West” face of the ShopKo Store 265.33 feet to the “southwest” corner of said
ShopKo Store; 
 Thence South 46° 29’ 57” East 49.79 feet; 
 Thence South 20° 30’ 45” East 115.83 feet to the true point of beginning. 
 Together
with non-exclusive easement rights contained in Construction, Operation and Reciprocal Easement Agreement, recorded January 22, 1988 as Instrument No. 933982 AND First Amendment to Construction, Operation and Reciprocal Easement Agreement,
recorded February 9, 1990 as Instrument No 966367 AND Second Amendment to Construction, Operation and Reciprocal Easement Agreement, recorded December 27, 1994 as Instrument No. 1994021965 AND Assignment of Construction,
Operation and Reciprocal Easement Agreement, recorded March 23, 1993 as Instrument No. 1993003856. 
 Tax Parcel Number:
RPT32460010060A 
 Twin Falls, ID (Store 67) 

 LEGAL DESCRIPTION 
 Lot 5, Block 1, Corrected First Amended Plat of ShopKo Acres, Division No.1, an addition to the City of Idaho Falls, Bonneville County, Idaho, according to the Plat recorded November 3, 2004 as
Instrument No. 1169161. 
 Together with the non-exclusive easements created by that certain Cross-Easement and Use Restriction Agreement,
recorded as Instrument No. 690400; as assigned by Instrument No. 847123; as affected by Instrument No. 981345; as affected by Instrument No. 1169118. 
 Tax Parcel Number: RPA21510010050A 
 Idaho Falls, ID (Store 68) 

 LEGAL DESCRIPTION 
 Lot 2, Block 1, ShopKo Subdivision Lot 1 Replat, According to the Plat Recorded in the Office of the County Recorder in Book “J” of Plats at Pages 229 and 229A, Records of Kootenai County, State
of Idaho. 
 Together with Non-exclusive easements created by Declaration of Cross-Easements and Covenants and Restrictions Affecting Land
recorded August 17, 2005 as document 1973402. 
 Tax Parcel Number: C-8255-000-001-0 

Coeur D’Alene, ID (Store 69) 

 LEGAL DESCRIPTION 
 Parcel I 
 Lots 1 to 7 inclusive, and Lots 44 to 48 inclusive, in Block 39 and Lots 21 to 28
inclusive, in Block 44 of Car Line Addition, a platted subdivision in Missoula County, Missoula, Montana, according to the official recorded plat thereof. 
 Together with that portion of Livingston Avenue between Reserve Street and Clark Street and that portion of the alleys in Blocks 39 and 44, Car Line Addition, up to the center line thereof and adjacent to
the above described lots in Block 39 and 44 of Car Line Addition as vacated by Resolution No. 85-137, recorded November 13, 1985 in Book 213 of Micro Records at Page 914. 
 Lots 22, 23 and 24 in Block 39 of Car Line Addition, a platted subdivision of Missoula County, Missoula, Montana, according to the official recorded plat thereof. 

Together with that portion of the alley in Block 39, Car Line Addition, up to the center line thereof and adjacent to the above described lots in Block
39, Car Line Addition as vacated by Resolution No. 85-137, recorded November 13, 1985 in Book 213 of Micro Records at Page 914. Recording Reference: Book 236 of Micro Records at Page 496 

Parcel II 
 Lots 8 to 14 inclusive, and Lots 30
to 43 inclusive, in Block 39, and Lots 1 to 20 inclusive, and Lots 29 to 48 inclusive, in Block 44 of Car Line Addition, a platted subdivision of Missoula County, Missoula, Montana, according to the recorded plat thereof. 

Together with that portion of Livingston Avenue between Reserve Street and Clark Street and that portion of the alleys in Block 39 and 44, Car Line
Addition up to the center line thereof and adjacent to the above described lots in Block 39 and 44 of Car Line Addition as vacated by Resolution No. 85-137, recorded November 13, 1985 in Book 213 of Micro Records, at Page 914.
Recording Reference: Book 236 of Micro Records at Page 498 
 Parcel III 
 Lots 25, 26, 27, 28 and 29 in Block 39 of Car Line Addition, a platted subdivision of Missoula County, Missoula, Montana, according to the Official Recorded Plat thereof. 

Together with that portion of Livingston Avenue between Reserve Street and Clark Street and that portion of the alley in Block 39 of Car Line Addition,
up to the center line thereof and adjacent to the above described lots in Block 39, Car Line Addition as vacated by Resolution No. 85-137, recorded November 13, 1985 in Block 213 of Micro Records at Page 914. Recording Reference: Book 236
of Micro Records at Page 499. 
 Excepting therefrom that part thereof described as follows: 

Parcel No. 25 on Montana State Highway Project No. M 8103(3), as shown on the right of way plan for said project on file in the Office of the County
Clerk & Recorder in Missoula County, Montana. Said parcel is also described as Lots 1 through 24, inclusive, in Block 39 of Car Line Addition, a 
 Missoula, MT (Store 75) 

 
platted subdivision of Missoula County, Montana, according to the Official Plat thereof, on file and of record in the Office of the Clerk and Recorder of Missoula County, Montana as shown by the
shaded area on the plat, consisting of 2 sheets, attached hereto and made a part hereof, containing an area of 8,180 sq. ft., more or less. By acceptance hereof, The State of Montana agrees to pay for all construction work to be done at this
location, within the property boundaries conveyed, as shown on Exhibit 1. Recording Reference: Book 351 of Micro Records at Page 1565. 

Together with non-exclusive easement rights created by Declaration of Cross-Easements and Covenants and Restrictions Affecting Land made by and between
ShopKo Properties, Inc. and Magnum Development Corp. Recorded: November 3, 2004 Book/Page: Book No. 742 of Micro Records at Page 1193. 
 TAX I.D.: 1328252 
 Missoula, MT (Store 75) 

 LEGAL DESCRIPTION 
 Tract 2 of Shopko Addition to the City of Sioux Falls, Minnehaha County, South Dakota, according to the recorded plat thereof; except Lot H-1, Lot A and Lot 1 of Tract 2 contained therein. 

Together with non-exclusive easement rights created by Easement and Restriction Agreement recorded August 15, 1985, in Book 157 of Miscellaneous,
Pages 700-718 and Amendment to Easement and Restriction Agreement recorded September 19, 2005 in Book 252 of Miscellaneous, Page 62. 

Together with non-exclusive easement rights created by Fire and Emergency Access Easement recorded March 10, 1987, in Book 165 of Miscellaneous,
Pages 374-376. 
 TAX I.D.: 56179 

Sioux Falls, SD (Store 76) 

 LEGAL DESCRIPTION 
 Lot 2 of Shopko Addition to the City of Rapid City, Pennington County, South Dakota, as shown on the plat filed in Plat Book 27, Page 124; and as corrected by Affidavit of Surveyor recorded August 1,
1996, in Book 64, Page 46. 
 Together with non-exclusive easement rights created by Declaration of Cross-Easement and Covenants and
Restrictions Affecting Land recorded April 11, 1997 in Book 64, Page 5772 and First Amendment recorded August 11, 1997 in Book 68, Page 3119. 
 Tax I.D.: 49463 
 Rapid City, SD (Store 78) 

 LEGAL DESCRIPTION 
 Lot 1 of Certified Survey Map No. 5143, recorded in the Office of the Register of Deeds for Dane County, Wisconsin, in Volume 23 of Certified Survey Maps, Page 172, as Document No. 1986827,
located in the City of Madison, Dane County, Wisconsin. 
 Together with the non-exclusive easements created in that certain Cross-Easement and
Operating Agreement recorded in Volume 9350 of Records, Page 84 as Document No. 1989171; as amended in Volume 16222 of Records, Page 27, as Document No. 2273104 and in Volume 16222, Page 41, as Document No. 2273105. 

Together with a joint driveway easement recorded in Volume 6965 of Records, Page 43, as Document No. 1887159; as amended in Volume 16223 of Records,
Page 16, as Document No. 2273110. 
 Tax I.D.: 251-0810-272-0601-1 
 Madison, WI (Store 80) 

 LEGAL DESCRIPTION 
 Lot 1 of Short Plat recorded under Auditor’s File No. 7002143, County of Yakima, State of Washington. 
 Together with non-exclusive easement rights created by instrument recorded May 3, 1909 in Book 84 of Deeds Page 437. 
 Together with non-exclusive easement rights created by Declaration of Cross-Easements and Covenants and Restrictions Affecting Land recorded March 13, 1997 as document 7002197. 

TAX I.D.: 181321-24437 
 Yakima, WA (Store 81)

 LEGAL DESCRIPTION 
 BEGINNING AT A POINT ON THE SOUTH LINE OF 9000 SOUTH STREET, SAID POINT BEING NORTH 89°53’45” EAST 789.64 FEET ALONG THE QUARTER SECTION LINE AND SOUTH 00°06’15” EAST 71.04
FEET FROM THE CENTER OF SECTION 3, TOWNSHIP 3 SOUTH, RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, SAID POINT ALSO BEING ON AN 11,512.20 FOOT RADIUS CURVE TO THE LEFT (CENTER BEARS NORTH 01°09’37” WEST 11,512.20 FEET OF WHICH THE CENTRAL
ANGLE IS 01°27’14”); AND RUNNING THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE AND SOUTH LINE 292.15 FEET; THENCE SOUTH 00°06’15” EAST 256.86 FEET; THENCE NORTH 89°53’45” EAST 41.00 FEET; THENCE SOUTH
00°0615” EAST 216.00 FEET; THENCE NORTH 89°53’45” EAST 141.14 FEET; THENCE SOUTH 00°00’50” EAST 367.00 FEET; THENCE SOUTH 89°53’45” WEST 134.22 FEET; THENCE NORTH 00°06’15” WEST 25.00
FEET; THENCE SOUTH 89°53’45” WEST 381.00 FEET; THENCE NORTH 60°06’15” WEST 66.68 FEET; THENCE SOUTH 89°53’45” WEST 134.60 FEET; THENCE NORTH 00°06’15” WEST 144.66 FEET; THENCE NORTH
89°53’45” EAST 234.00 FEET; THENCE NORTH 00°06’15” WEST 155.00 FEET; THENCE SOUTH 89°58’45” WEST 136.00 FEET; THENCE NORTH 00°06’15” WEST 331.00 FEET; THENCE NORTH 89°53’45” EAST
136.00 FEET; THENCE NORTH 00°06’15” WEST 141.77 FEET TO THE POINT OF BEGINNING. 
 TOGETHER WITH NON-EXCLUSIVE EASEMENT RIGHTS
CREATED BY AMENDED AND RESTATED DECLARATION OF RESTRICTIONS AND GRANT OF EASEMENTS RECORDED JUNE 05, 1987 INSTRUMENT NO. 4470260 IN BOOK 5927 AT PAGE 840, FIRST AMENDMENT RECORDED JULY 18, 1988 AS INSTRUMENT NO. 4650833 IN BOOK 6047 AT PAGE 2288,
SECOND AMENDMENT RECORDED NOVEMBER 09, 1994 INSTRUMENT NO. 5963096 IN BOOK 7052 AT PAGE 1649 AND THIRD AMENDMENT RECORDED MAY 01, 2000 INSTRUMENT NO. 7629216, BOOK 8358, PAGE 8483. 
 TAX I.D.: 27-03-401-018-0000 
 West Jordan, UT (Store 84) 

 LEGAL DESCRIPTION 
 BEGINNING AT A POINT ON THE NORTH RIGHT-OF-WAY LINE OF UNIVERSITY PARKWAY, SAID POINT BEING ON THE ARC OF A 11,539.16 FOOT RADIUS CURVE (RADIUS POINT BEARS SOUTH 42°31’04” WEST), SAID POINT
ALSO BEING NORTH 1,237.125 FEET AND WEST 567.40 FEET FROM THE SOUTH QUARTER CORNER OF SECTION 25, TOWNSHIP 6 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN (BASED ON THE UTAH COORDINATE SYSTEM, CENTRAL ZONE, BEARINGS OF SECTION LINES) AND RUNNING
THENCE NORTH 43°26’ EAST 148.82 FEET; THENCE SOUTH 46°34’ EAST 240.00 FEET; THENCE SOUTH 43°26’ WEST 23.18 FEET; THENCE NORTH 88°26’ EAST 28.28 FEET; THENCE NORTH 43°26’ EAST 378.14 FEET; THENCE NORTH
46°34’ WEST 260.00 FEET; THENCE SOUTH 43°26’ WEST 92.95 FEET; THENCE NORTH 46°34’ WEST 80.00 FEET; THENCE NORTH 43°26’ EAST 435.88 FEET; THENCE SOUTH 88°26’ WEST 156.33 FEET; THENCE NORTH 46°34’
WEST 294.79 FEET; THENCE SOUTH 43°26’ WEST 238.33 FEET; THENCE SOUTH 46°34’ EAST 56.00 FEET; THENCE SOUTH 43°26’ WEST 328.96 FEET; THENCE SOUTH 46°34’ EAST 44.33 FEET; THENCE SOUTH 43°26’ WEST 201.50 FEET
TO A POINT ON 200.70 FOOT LONG SPIRAL CURVE, SAID POINT ALSO BEING ON THE NORTHERLY RIGHT-OF-WAY LINE OF UNIVERSITY PARKWAY; THENCE SOUTHEASTERLY ALONG THE ARC OF SAID SPIRAL CURVE 4.53 FEET TO A POINT ON A 11,539.16 FOOT RADIUS CURVE TO THE RIGHT
(RADIUS POINT BEARS SOUTH 40°37’39” WEST); THENCE SOUTHEASTERLY ALONG THE ARC OF SAID CURVE AND SAID RIGHT-OF-WAY LINE 380.70 FEET THROUGH A CENTRAL ANGLE OF 1°53’25” (L.C. BEARS SOUTH 48°25’39” EAST) TO THE
POINT OF BEGINNING. 
 LESS AND EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PROPERTY: 
 BEGINNING AT A POINT ON THE NORTHEASTERLY RIGHT OF WAY LINE OF UNIVERSITY PARKWAY SAID POINT BEING ON THE ARC OF A 11539.16 FOOT RADIUS CURVE (THE RADIUS POINT BEARS SOUTH 40°42’11” WEST),
SAID POINT ALSO BEING WEST 840.65 FEET AND NORTH 1,479.81 FEET FROM THE SOUTH QUARTER CORNER OF SECTION 25, TOWNSHIP 6 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN: THENCE CONTINUING ALONG SAID RIGHT OF WAY LINE AND ALONG SAID CURVE 235.80 FEET;
THE CHORD OF WHICH BEARS SOUTH 49°08’22” EAST 235.80 FEET; THENCE NORTH 43°26’00” EAST 135.85 FEET; THENCE NORTH 46°34’00” WEST 235.56 FEET; THENCE SOUTH 43°26’00” WEST 146.44 FEET TO THE POINT
OF BEGINNING. 
 TOGETHER WITH NON-EXCLUSIVE EASEMENT RIGHTS CREATED BY DECLARATION OF EASEMENTS, COVENANTS AND RESTRICTIONS AFFECTING LAND
RECORDED AS ENTRY NO. 29349 IN BOOK 2336 AT PAGE 258, AS AMENDED BY FIRST AMENDMENT RECORDED AS ENTRY NO. 12537 IN BOOK 2400 AT PAGE 674 AND RE-RECORDED AS ENTRY NO. 16005 IN BOOK 2408 AT PAGE 539, SECOND AMENDMENT RECORDED AS ENTRY NO. 9917 IN BOOK
2501 AT PAGE 907, THIRD AMENDMENT RECORDED AS ENTRY 26586 IN BOOK 2942 AT PAGE 921 AND FOURTH AMENDMENT RECORDED AS ENTRY 120021:2002. 
 Tax
I.D. (19:001:0176) 
 Provo, UT (Store 86) 

 LEGAL DESCRIPTION 
 A part of the Northeast Quarter of Section 20, Township 6 North, Range 1 West, Salt Lake Base and Meridian, U.S. Survey: 
 Beginning at a point on the East line of Washington Boulevard being 66.00 feet South 89°09’45” East and 571.82 feet North 0°50’15” East from the Ogden City Monument at the
Intersection of the Centerline of Washington Boulevard and the Old Centerline of 12th Street (Ogden City ‘A’ Station = 193 + 54.16 ‘B’ Station = 99 + 97.61) running thence North 0°50’15” East 631.15 feet along the
East line of Washington Boulevard to a point West (North 89°09’45” West 655.15 feet and South (South 0°50’15’ West) 380.56 feet from the Northeast Corner of said Section 20; running thence South
89°13’45” East 379.50 feet; thence South 0°50’15” West 77.90 feet; thence South 89°09’45” East 263.69 feet to the West line of Adams Avenue; thence South 0°49’55” West 497.00 feet along said
West line; thence North 89°10’05” West 291.20 feet; thence South 0°49’55” West 57.23 feet; thence North 89°10’05” West 352.04 feet to the point of beginning. 

Less and Excepting therefrom all of Lot 1, Baam Subdivision recorded as Entry No. 1881120 in Book 56 at Page 63 of Official Records. 

Together with non-exclusive easement rights created by Cross-Easement executed August 28, 1987 by and between ShopKo Stores, Inc. dba UvaIKo ShopKo
Stores, Inc., a Minnesota corporation and Rayco Corporation, recorded September 9, 1987 as Entry No. 1024435 in Book 1525 at Page 2244 of Official Records and First Amendment recorded October 10, 2002 as Entry No. 1881121 in Book
2272 at Page 2345. 
 Tax I.D. (12-104-0028) 
 Tax I.D. (12-105-0045) 
 Ogden, UT (Store 87) 

 LEGAL DESCRIPTION 
 PARCEL 1: 
 Beginning at a State Road Right of Way Monument on the Easterly right of way line of a
State Road, said point of beginning being South 89°47’00” West along the Section Line 1578.32 feet and North 927.27 feet from the South Quarter Corner of Section 17, Township 4 North, Range 1 West, Salt Lake Base and Meridian and
running thence along said State Road Right of Way Line South 56°46’30” East 101.00 feet; thence 321.81 feet along the arc of a 5789.58 foot radius curve to the right (Chord bears South 48°53’51” East 321.77 feet); thence
North 60°57’00” East 416.00 feet; thence North 55°04’50” East 305.24 feet to the Westerly Right of Way Line of Interstate 1-15; thence running along said Right of Way Line the following three courses: North
34°55’10” West 246.79 feet; thence North 34°59’00” West 104.11 feet; thence North 35°05’10” West 153.64 feet; thence South 60°57’00” West 621.17 feet; thence South 29°03’00” East
141.02 feet; thence South 60°57’00” West 202.55 feet to the point of beginning. 
 Less and Excepting therefrom: 

Beginning at a State Road Right of Way Monument on the Easterly Right of Way Line of a State Road, said point of beginning being South
89°47’00” West along the Section Line 1578.32 feet and North 927.27 feet from the South Quarter Corner of Section 17, Township 4 North, Range 1 West, Salt Lake Base and Meridian and running thence North 60°57’00’
East 202.55 feet; thence North 29°03’00” West 102.47 feet; thence North 60°57’00” East 30.60 feet; thence South 29°03’00” East 144.96 feet; thence South 60°57’00” West 210.81 feet to the East
boundary of State Highway 126; thence North 56°46’30” West 48.00 feet to the point of beginning. 
 PARCEL 2: 

A non-exclusive easement for fire protection and emergency access for pedestrians and vehicles created by Cross Easements recorded as Entry Number 794323
in book 1181 at page 82; as amended in Entry Number 894390 in book 1357 at page 229; amended in Entry Number 898500 in book 1364 at page 510; and in Entry Number 1070120 in book 1677 at page 921 over, across, on and through the following described
property in Davis County, State of Utah: 
 Commencing at a State Road Right of Way Monument on the Easterly Right of Way Line of a State Road,
said point being South 89°47’00” West along the Section Line, 1578.32 feet and North 927.27 feet from the South Quarter Corner of Section 17, Township 4 North, Range 1 West, Salt Lake Base and Meridian, and running thence along
said State Road Right of Way Line South 56°46’30” East 101.00 feet; thence 321.81 feet along the arc of a 5789.58 foot radius curve to the right (Chord bears South 48°53’51” East 321.77 feet); thence North
60°57’00” East 355.6 feet to the point of beginning; thence continuing North 60°57’00” East 60.40 feet; thence North 55°04’50” East 305.25 feet; thence South 34°55’10” East 60.00 feet; thence
South 55°04’50” West 365.33 feet; thence North 34°55’10” West 66.17 feet to the point of beginning. 
 PARCEL 3:

 Beginning at a State Road Right of Way Monument on the Easterly Right of Way Monument on the Easterly Right of Way Line of a State Road, said
point of beginning being South 89°47’00” West along the Section Line 1578.32 feet and North 927.27 feet and North 51°30’00” West along the 
 Layton, UT (Store 88) 

 
State Road Right of Way Line 62.58 feet from the South Quarter Corner of Section 17, Township 4 North, Range 1 West, Salt Lake Base and Meridian, and running thence North
51°30’00” West 90.00 feet along the State Road Right of Way Line; thence North 60°57’00” East 260.82 feet; thence South 29°03’00” East 38.55 feet; thence South 60°57’00” West 118.43 feet;
thence South 38°30’00” West 116.87 feet to the point of beginning. 
 Parcel 4: 

Non-exclusive easement rights created by document entitled “Cross-Easement Agreement” recorded July 16, 1987 as Entry No. 794323 in
Book 1181 at Page 82 of Official Records 1181, as amended in Entry Number 894390 in book 1357 at page 229; as amended in Entry Number 898500 in book 1364 at page 510; and as amended in Entry Number 1070120 in book 1677 at page 921. 

Tax I.D. (10-029-0075) 
 Layton, UT (Store 88)

 LEGAL DESCRIPTION 
 That portion of the east half of Section 25, Township 7 north, Range 35 east of the Willamette Meridian, Walla Walla City and County, Washington, described as follows: 

Commencing at the east quarter corner of said Section 25; thence south 89° 53’ 44” west for 1661.31 feet to a brass cap in a monument
case marking an original corner of the Veterans Administration Reservation; thence north 89° 53’ 44” east for 50.66 feet to the east right of way margin of Myra Road and the True Point of Beginning; thence south 27° 26’
13” east, parallel with the west line of said Veterans Administration Reservation and along said east right of way margin, for 978.83 feet; thence north 62° 33’ 47” east for 406.01 feet; thence north 27° 26’ 13” west
for 35.66 feet; thence north 31° 56’ 01” east for 95.19 feet; thence north 27° 26’ 13” west for 258.65 feet; thence south 62° 33’ 47” west for 20.00 feet; thence north 27° 26’ 13” west for
25.00 feet; thence north 15° 16’ 51” east for 196.17 feet; thence north 27° 26’ 13” west for 176.57 feet; thence south 75° 22’ 20” west for 132.97 feet; thence north 27° 26’ 13” west for 18.87
feet; thence south 75° 22’ 20” west for 298.43 feet; thence north 27° 26’ 13” west for 165.00 feet to the south right of way margin of Rose Street; thence south 75° 22’ 20” west, along said right of way, for
160.00 feet to intersect the northerly line of said Veterans Administration Reservation; thence south 61° 24’ 00” west, along said northerly line, for 24.32 feet to the easterly right of way margin of Myra Road; thence south 27°
26’ 13” east, along said Myra Road right of way margin, for 24.17 feet to the true point of beginning. 
 Also known as Lots 1 and 22
of Blue Mountain Mall, according to the Survey of the Binding Site Plan thereof recorded April 3, 1997, in Volume B of Surveys, page 29, under Auditor’s file no. 9702909, and as further defined in Agreement recorded October 22, 1992,
under Auditor’s file no. 9209488, records of Walla Walla County, Washington. 
 Together with non-exclusive easement rights created by
Cross Easements recorded as Auditor’s Number 8805467 in volume 172 at page 567 as assigned as Auditor’s Number 9302753 in volume 205 at page 364. 
 Together with non-exclusive easement rights created by Construction, Operation and Reciprocal Easement Agreement (the “REA”) recorded as Auditor’s Number 9007345 in volume 177 at
page 333 as assigned as Auditor’s Number 9302754 in volume 205 at page 387, as amended as Auditor’s Number 0010942 in volume 305 at page 107. 
 Together with non-exclusive easement rights created by Easement and Maintenance Agreement recorded as Auditor’s Number 9209489 in volume 201 at page 389. 

TAX I.D.: 36-07-30-58-0022; 36-07-30-58-0001 

Walla Walla, WA (Store 89) 

 LEGAL DESCRIPTION 
 Lot 1 of Certified Survey Map No. 1991, recorded on October 6, 1988 in Volume 15 on Page 76, as Document No. 408655, being a part of Parcel 2, Ozaukee County Certified Survey Maps on pages
176 and 177, and being a part of Lots 3 and 4, in Block 3, in Assessor’s Plat of Village of Grafton, located in the Southwest 1/4 of Section 24, in Township 10 North, Range 21 East, in the Village of Grafton, Ozaukee County, Wisconsin.

 TOGETHER WITH THE NON-EXCLUSIVE EASEMENT RIGHTS CREATED BY THE CROSS EASEMENT AGREEMENT RECORDED AS DOCUMENT NO. 400200 IN VOLUME 610 AT PAGE
884, AS AMENDED BY AMENDMENT NO. 1 TO CROSS EASEMENT AGREEMENT RECORDED AS DOCUMENT NO. 410701 IN VOLUME 632 AT PAGE 984 AND AMENDMENT NO. 2 TO CROSS EASEMENT AGREEMENT RECORDED AS DOCUMENT NO. 595569 IN VOLUME 1078 AT PAGE 919. 

TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN RECIPROCAL EASEMENT AGREEMENT RECORDED AS DOCUMENT NO. 417729 IN VOLUME 647 AT PAGE
397. 
 Tax I.D.: 100500303011 

Grafton, WI (Store 90) 

 LEGAL DESCRIPTION 
 A portion of the East half of Section 31, Township 9 North, Range 29 East, W.M., in Benton County, Washington, being more particularly described as follows: 

Beginning at the Southeast corner of said Section 31; thence North 0° 13’ 59” West 2,035.00 feet along the East line of said
Section 31 to a point on the centerline of Grandridge Boulevard as recorded under Auditor’s File No. 743134, records of Benton County; 
 thence North 79° 46’ 10” West, 272.47 feet along the centerline of said Grandridge Boulevard to a point on the West right-of-way line of Columbia Center Boulevard, said point being on a
4,955.60 feet radius curve concave to the West (radius point bears North 79° 46’ 10” West); thence Northerly 70.43 feet along the arc of said curve through a central angle of 0° 48’ 51” to a point of cusp with a 30.00
feet radius curve concave to the Northwest (radius point bears North 80° 35’ 03” West); 
 thence Southwesterly 47.55 feet along
the arc of said curve through a central angle of 90° 48’ 51”; 
 thence North 79° 46’ 10” West 15.04 feet;

 thence continuing North 79° 46’ 10” West, 49.88 feet to the beginning of a 400.00 feet radius curve concave to the South;

 thence Westerly, 268.76 feet along the arc of said curve through a central angle of 38° 29’ 51” to a point of reverse curvature
with a 520.00 feet radius curve concave to the North; 
 thence Southwesterly Westerly and Northwesterly 652.91 feet along the are of said curve
through a central angle of 71° 56’ 26”; 
 thence North 46° 19’ 35” West, 123.21 feet; 

thence North 0° 18’ 48” East, 444.73 feet to Point “A” and the True Point of Beginning; 

thence continuing North 0° 18’ 48 “ East, 235.00 feet; 
 thence South 89° 41’ 12” East, 361.97 feet to the Southwest corner of Cavanaugh’s Motor Inn property as described under Auditor’s File No. 86-14669, records of Benton County;

 thence continuing South 89° 41’ 12” East, 739.97 feet along the South line of said property; 

thence South 1° 13’ 36” West, 81.25 feet to the beginning of a 4,940.10 feet radius curve concave to the West; 

thence Southerly 98.53 feet along the arc of said curve through a central angle of 1° 08’ 34”; 

thence South 5° 40’ 17” West, 239.92 feet; 
 thence South 4° 38’ 04” West, 12.45 feet; 
 thence North 89° 41’ 12”
West, 859.25 feet along the North edge of the existing Costco Building Wall and a projection thereof; 
 thence North 0° 18’ 48”
East, 120.00 feet; 
 thence North 89° 41’ 12” West, 35.00 feet; 
 thence North 00° 18’ 48” East, 76.00 feet; 
 thence North 89° 41’ 12”
West, 180.50 feet to the said Point “A”. 
 Together with 
 That portion of the East half of Section 31, Township 9 North, Range 29 East, W.M., City of Kennewick, Benton County, Washington, described as follows: 

Commencing at the Southeast corner of said Section 31; 
 thence North 0° 13’ 59” West along the East line of said Southeast quarter 2,035.00 feet to the centerline of Grandridge Boulevard as shown on a record survey filed in Book 1 of Surveys, at
page 1063, records of Benton County Auditor; 
 thence North 79° 46’ 10” West along the said centerline 242.97 feet to the
intersection of Columbia Center Boulevard; 
 Kennewick, WA (Store 92) 

 thence continuing along the said centerline of Grandridge Boulevard North 79° 46’ 10” West
124.92 feet to a cased monument at the beginning of a curve to the left as shown on said record survey, the radius point of which bears South 10° 13’ 50” West 360.00 feet; 
 thence Westerly along said curve for 241.89 feet to the point of reverse curvature of a curve, the radius point of which bears North 28° 16’ 01” West 560.00 feet; 

thence Westerly along said curve 703.14 feet; 

thence North 43° 40’ 25” East 40.00 feet, to the Northerly right-of-way line of Grandridge Boulevard; 

thence North 46° 19’ 35” West along said Northerly right-of-way line 123.21 feet; 
 thence North 0° 18’ 48” East along the West line of said Record Survey No. 1063 for 679.73 feet; 
 thence South 89° 41’ 12” East along said Survey for 291.97 feet, to the True Point of Beginning; 
 Thence South 89° 41’ 12” East along said line 70.00 feet, to the Southwest corner of a Parcel conveyed to Goodale & Barbieri Companies by deed recorded under Auditor’s File
No. 86-14669; 
 thence North 00° 18’ 48” East 845.00 feet, to the Northwest corner of said deed and the Southerly
right-of-way of W. Quinault Avenue; 
 thence North 89° 41’ 12” West along said right-of-way 80.00 feet to the Northeast corner of
a parcel shown on a record survey filed in Volume 1 of Surveys, Page 1465, records of Benton County, Washington; 
 thence South 00° 18’
48” West 322.50 feet to the Southeast corner of said parcel; 
 thence South 10° 34’ 20” East 52.95 feet; 

thence South 0° 18’ 48” West 470.50 feet to the said True Point of Beginning. 
 Less that portion of the following 
 That portion of the Southeast quarter of the Southeast
quarter of the Northeast quarter of Section 31, Township 9 North, Range 29 East, W.M., Benton County, Washington described as follows: 

Commencing at the East quarter corner of said Section, said corner being North 0° 13’ 59” West 2,620.99 feet from the Southeast corner of
said Section as depicted on a record of Survey No. 176; 
 thence North 63° 01’ 04” West 281.89 feet to the true point of
beginning; 
 thence North 00° 2’ 29” East 141.84 feet; 
 thence North 89° 57’ 31” West 15.60 feet to the beginning of a curve to the right, the radius point of which bears North 00° 2’ 29” East 4.50 feet; 

thence Northwesterly along said curve 7.10 feet; 

thence North 0° 27’ 14” East 13.78 feet; 
 thence North 89° 32’ 46” West 150.00 feet; 
 thence South 00° 2’ 29”
West 160.01 feet; 
 thence South 89° 32’ 46” East 170.00 feet to the said true point of beginning; Except portion deeded to City
of Kennewick under Auditor’s File No. 95-29765. 
 Together with non-exclusive easement rights created by Cross-Easement Agreement by
and between Shopko Stores, Inc., a Minnesota Corporation and Costco Wholesale Corporation, a Washington Corporation recorded October 13, 1988 as document 
88-12303. 
 Together with non-exclusive easement rights created by Easement and Maintenance Agreement by and between D & C Ventures I Limited Partnership, Shopko Stores, Inc., Kenwick Silvercloud Inn, L.P. and
The Summit Group dated July 21, 1994 and recorded November 17, 1994 as document 94-36928. 
 Tax I.D.: 1-3199-400-0002-005 

Kennewick, WA (Store 92) 

 LEGAL DESCRIPTION 
 Parcel I: 
 Lot 2 in Block 1 of GATEWAY SUBDIVISION, according to the plat thereof, filed in Book
57 of Plats at Pages 5271 through 5273, Records of Ada County, Idaho. 
 Parcel II: 
 Easements for pedestrian and vehicular ingress, egress, parking, passage and traffic and for utilities as created by that certain Cross Easement Agreement, recorded December 30, 1988, as Instrument
No. 8863908, Assignment, recorded March 22, 1993, as Instrument No. 9320191, and First Amendment recorded November 4, 1999, as Instrument No. 99107859, Records of Ada County, Idaho. 

Tax Parcel Numbers: R-3058-91-0205 & R-3058-91-0286 
 Boise, ID (Store 95) 

 LEGAL DESCRIPTION 
 Parcel A: Parcel 1 as shown on Parcel Map LS-35-88, being a portion of the southeast One-Quarter of Section 24, Township 32 North, Range 5 West, M.D.M., filed for record November 17, 1988 in
Book 27 of Parcel Maps at Page 21, Shasta County Records, as corrected by Certificate of Correction recorded in the Office of the County recorder on March 08, 1989 in Book 2470 of Official Records at Page 454, records of Shasta County,
California. 
 Parcel B: Easements for ingress and egress by vehicular and pedestrian traffic and the right of vehicular parking upon, over and
across those portions of Parcels 2, 3, 4, 5, 6, and 7 of Parcel Map LS-35-88 referred to in Parcel A lying within the common area as defined in the Agreement of Covenants, Conditions and Establishment of Restrictions and Grants of Easements recorded
November 17, 1988 in Book 2444 of Official Records at Page 60; as amended as Instrument No. 1989-0004577, Book 2462, Page 121; as amended as Instrument No. 1989-0031071 in Book 2520, Page 314 and as Instrument No. 1999-0025824,
Shasta County Records. 
 TAX I.D. (113-320-014-000) 
 Redding, CA (Store 96) 

 LEGAL DESCRIPTION 
 PARCEL 1: 
 Lot 1, SHOPKO 3500 SOUTH SUBDIVISION, according to the Official Plat thereof, on file
and of record in the Office of the Salt Lake County Recorder. 
 PARCEL 2: 
 Parcel A, SHOPKO 3500 SOUTH SUBDIVISION, according to the Official Plat thereof, on file and of record in the Office of the Salt Lake County Recorder, more particularly described as: 

Beginning at a point on the North right of way line of 3500 South Street said point being South 89°59’22” West along the Section line 645.0
feet and North 00°00’38” West 33.0 feet from the Southeast Corner of Section 25, Township 1 South, Range 2 West, Salt Lake Base and Meridian, and running thence North 00°00’38” West 117.00 feet; thence North
89°59’22” East 60.0 feet; thence South 00°00’38” East 117.00 feet to the afore-mentioned right of way line; thence along said right of way line South 89°59’22” West 60.0 feet to the point of beginning.

 Together with non-exclusive easement rights created by Cross Easement Agreement recorded as Entry No. 4738354 in Book 6105 at Page 892,
as amended by Amendment No. 1 to Cross Easement Agreement recorded as Entry No. 4804543 in Book 6146 at Page 2759 and Amendment No. 2 to Cross Easement Agreement recorded as Entry No. 9287430 in Book 9089 at Page 6268.

 TAX I.D. (14-25-476-012-0000) 

West Valley City, UT (Store 97) 

 LEGAL DESCRIPTION 
 Lot Two (2) of Certified Survey Map #115, Doc. #1169362, filed in Volume 7 of La Crosse County Certified Survey Maps, Page 115, La Crosse County, Wisconsin. 

TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN CROSS EASEMENT AGREEMENT RECORDED AS DOCUMENT NO. 955171 IN VOLUME 723 AT PAGE 10, AS
CORRECTED BY AFFIDAVIT RECORDED AS DOCUMENT NO. 990021 IN VOLUME 785 AT PAGE 53 AND AMENDED BY ADDENDUM TO CROSS EASEMENT AGREEMENT RECORDED AS DOCUMENT NO. 1016928 IN VOLUME 833 AT PAGE 289. 
 Tax I.D.: 18-3589-9 
 Onalaska, WI (Store 99) 

 LEGAL DESCRIPTION 
 Parcel I: 
 Lot One (1), Certified Survey Map No. 3364 filed in the Office of the Register of
Deed for Winnebago County, Wisconsin on February 14, 1996, in Volume 1, on Page 3364, as Document No. 927218, being part of Lot 1, Certified Survey Map No. 2052, Volume 1 of Certified Survey Maps on Page 2052 being part of the
Northeast 1/4 of the Southeast 1/4 and part of the Southeast 1/4 of the Northeast 1/4 of Section 29, Township 20 North, Range 17 East, City of Neenah, Winnebago County, Wisconsin. 
 Parcel II: 
 Easement for the benefit of Parcel I created by Instrument executed by an between
ShopKo Stores, Inc. and Neenah Associates Limited Partnership dated September 11, 1989 and recorded on October 12, 1989 as Document No. 731618 for reciprocal easement purposes including, but not limited to pedestrian and vehicular
ingress, egress, parking, passage and for utilities in, over, upon, across and through the subject premises. 
 TAX I.D.: 07-0616-01-00

 Neenah, WI (Store 100) 

 LEGAL DESCRIPTION 

Lot one (1), Volume 18 Certified Survey Maps, Page 193, Map No. 2742, being all of Lot Two (2), Volume 11 Certified Survey Maps,
Page 199, Map No. 1735, being part of Certified Survey Map’s 852, 612, 606, 596, all in part of the Northeast
1/4 of the Northeast 1/4, Section Fourteen (14), Township Thirty (30) North, Range
Twenty-Three (23) East, City of Marinette County, Wisconsin. 
 TOGETHER WITH THE EASEMENT FOR INSTALLATION, REPAIR, MAINTENANCE, USE,
REPLACEMENT AND REMOVAL OF LIGHT POLES, LIGHTS, BASES, WIRES, CONDUITS, METERS AND ALL APPARATUS RELATED THERETO GRANTED IN GRANT OF EASEMENT RECORDED AS DOCUMENT NO. 492492 IN VOLUME 3307 AT PAGE 1. 

TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN CROSS ACCESS AGREEMENT RECORDED AS DOCUMENT NO. 490086 IN VOLUME 3223 AT PAGE 40.

 TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY CROSS-EASEMENT AGREEMENT RECORDED: MAY 1, 2000 VOLUME/JACKET/REEL; 8308 PAGE/IMAGE: 7
DOCUMENT NO. 600116 AND ASSIGNED JUNE 30, 2000 IN DOCUMENT NO. 602436. 
 TAX I.D.: 251-00632.008 

Marinette, WI (Store 102) 

  

 LEGAL DESCRIPTION 
 PARCEL 1: 
 LOT 1, AMENDMENT TO LOT 1, BRIGHAM INTERMOUNTAIN DEVELOPMENT PLAT E, BRIGHAM CITY, BOX
ELDER COUNTY, UTAH 
 LESS AND EXCEPTING THEREFROM: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 1, AND RUNNING THENCE NORTH
89°25’18” WEST 60.00 FEET ALONG THE SOUTH LINE OF SAID LOT 1, THENCE NORTH 1°02’21” EAST 51.67 FEET, THENCE SOUTH 88°57’39” EAST 32.00 FEET, THENCE NORTH 01°02’21” EAST 237.93 FEET, THENCE
NORTH 28°57’39” WEST 46.66 FEET, THENCE NORTH 61°02’21” EAST 28.00 FEET, THENCE SOUTH 28°57’39” EAST 54.17 FEET TO THE EASTERLY LINE OF SAID LOT 1, THENCE SOUTH 01°02’21” WEST 296.62 FEET ALONG
SAID EASTERLY LINE TO THE POINT OF BEGINNING. 
 PARCEL 2: 
 BEGINNING AT THE SOUTHEAST CORNER OF LOT 1, BRIGHAM INTERMOUNTAIN DEVELOPMENT PLAT E, AND RUNNING THENCE NORTH 89°25’18” WEST 60.00 FEET ALONG THE SOUTH LINE OF SAID LOT 1, THENCE NORTH
1°02’21” EAST 51.67 FEET, THENCE SOUTH 88°57’39” EAST 32.00 FEET, THENCE NORTH 01°02’21” EAST 237.93 FEET, THENCE NORTH 28°57’39” WEST 46.66 FEET, THENCE NORTH 61°02’21” EAST
28.00 FEET, THENCE SOUTH 28°57’39” EAST 54.17 FEET TO THE EASTERLY LINE OF SAID LOT 1, THENCE SOUTH 01°02’21” WEST 296.62 FEET ALONG SAID EASTERLY LINE TO THE POINT OF BEGINNING. 

TOGETHER WITH NON-EXCLUSIVE EASEMENT RIGHTS CREATED BY RECIPROCAL EASEMENT RECORDED SEPTEMBER 13, 1989 AS ENTRY NO. 26169 IN BOOK 478 AT PAGE 471.

 TOGETHER WITH NON-EXCLUSIVE EASEMENT RIGHTS CREATED BY DECLARATION OF CROSS-EASEMENT AND COVENANTS AND RESTRICTIONS AFFECTING LAND RECORDED
SEPTEMBER 20, 1999 AS ENTRY NO. 133178 IN BOOK 723 PAGE 140. 
 TAX I.D. (03-146-0152) 
 TAX I.D. (03-146-0156) 
 Brigham City, UT (Store 104) 

  

 LEGAL DESCRIPTION 
 Lot 4A, Block 5, of Amended Plat of Lots 1 & 4 of Block 5 of Hogan Homestead Subdivision, in the City of Billings, Yellowstone County, Montana, according to the official plat on file in the office of
the Clerk and Recorder of said County, under Document #1363903. 
 Together with non-exclusive easement rights created by Covenants, Conditions
and Restrictions recorded December 12, 1985, in Book/Roll 1284, Page 2089, under Document #1375135 and Amendments November 20, 1989, Book/Roll 1342, page 1936 under Document #1542313, November 26, 1991, Book/Roll 1367, Page 3508 under
Document #1615674 and December 1, 1992, Book/Roll 1387, Page 304 under Document #1662463. 
 Together with non-exclusive easement rights
created by Declaration of Reciprocal Easements recorded May 21, 1982, in Book/Roll 1236, Page 2644, under Document #1229749. 
 TAX I.D.:
A25007 
 Billings, MT (Store 106) 

  

 LEGAL DESCRIPTION 
 Beginning on the West line of a Highway at a point North 89°59’16” West 171,98 feet along the Section line and North 0°12’25” West 617.50 feet along said Highway line from the
Northeast Corner of Section 25, Township 2 North, Range 1 West, Salt Lake Base and Meridian, and running thence North 0°12’25” West 417.70 feet; thence South 89°47’35” West 1027.84 feet to the East right-of-way line
of U.S. Interstate Highway 15; thence along said right-of-way line South 0°56’00” West 208.88 feet to a point on a 895.37 foot curve to the left; thence Southeasterly along the arc of said right-of-way curve 177.21 feet (Central angle
=11°20’27”); thence leaving said right-of-way North 89°47’35” East 478.03 feet; thence South 0°12’25” East 32.70 feet; thence North 89°47’35” East 540.00 feet to the point of beginning.

 Less and Excepting therefrom the following: 
 Beginning on the West line of a Highway (500 West Street) at a point which is North 89°59’16” West 171.98 feet along the Section Line and North 0°12’25” West 989.50 feet along
said Highway Line from the Southeast Corner of Section 24, Township 2 North, Range 1 West, Salt Lake Base and Meridian, and running thence South 0°12’25” East 150.00 feet along said Highway Line; thence South
89°47’35” West 200.00 feet; thence North 0°12’25” West 150.00 feet; thence North 89°47’35” East 200.00 feet to the point of beginning. 
 Together with non-exclusive easement rights created by Shopping Center Cross-Easement and Maintenance Agreement (Gateway Crossing) recorded January 24, 1994 as Entry No. 1091828 in Book 1715 at
Page 220. 
 TAX I.D. (06-039-0164) 

TAX I.D. (06-039-0147) 
 West Bountiful, UT
(Store107) 

  

 LEGAL DESCRIPTION 
 PARCEL 1 (FEE): 
 BEGINNING AT THE INTERSECTION OF THE WEST LINE OF MAIN
STREET AND THE NORTH LINE OF 900 NORTH STREET, SPANISH FORK, UTAH COUNTY, UTAH, WHICH POINT IS NORTH 00°18’26” EAST ALONG MAIN STREET 66 FEET AND NORTH 89°33’00” WEST ALONG 900 NORTH STREET 4.00 FEET FROM THE NORTHEAST
CORNER OF BLOCK 135, FLAT A, SPANISH FORK SURVEY OF BUILDING LOTS, SAID POINT ALSO BEING SOUTH 285.21 FEET AND WEST 55.77 FEET FROM THE EAST QUARTER CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN, AND RUNNING
THENCE NORTH 00°18’26” EAST 1.0 FEET WEST OF FENCE LINE 846.44 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF HIGHWAY 1-15 OFF RAMP, AND THE FOLLOWING 3 CALLS BEING ALONG SAID RIGHT OF WAY LINE: 1) NORTH 69°22’05” WEST 38.65
FEET; 2) THENCE SOUTH 64°31’57” WEST 301.82 FEET TO A NON-TANGENT POINT ON A 2804.79 FOOT RADIUS CURVE TO THE LEFT (CENTER BEARS SOUTH 25°40’09” EAST AND HAS A CENTRAL ANGLE OF 07°30’27”); 3) THENCE
SOUTHWESTERLY ALONG THE ARC OF SAID CURVE 367.51 FEET; THENCE SOUTH 00°21’00” WEST 374.94 FEET; THENCE SOUTH 89°33’00” EAST 125.00 FEET; THENCE SOUTH 00021’00” WEST 170.00 FEET TO THE NORTH LINE OF 900 NORTH STREET; THENCE SOUTH 89°33’00” EAST
502.35 FEET ALONG SAID NORTH LINE TO THE POINT OF BEGINNING. 
 EXCEPTING THEREFROM THE FOLLOWING DESCRIBED PARCELS 1A, 1B AND 1C: 

1A: 
 BEGINNING AT THE INTERSECTION OF THE WEST
LINE OF MAIN STREET AND THE NORTH LINE OF 1000 NORTH STREET, SPANISH FORK, UTAH COUNTY, UTAH, WHICH POINT IS NORTH 00°18’26” EAST 262.38 FEET AND NORTH 89°30’00” WEST 54.24 FEET FROM THE EAST QUARTER CORNER OF SECTION 13,
TOWNSHIP 8 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN, AND RUNNING THENCE SOUTH 00°18’26” WEST 56.00 FEET ALONG SAID MAIN STREET; THENCE NORTH 89°39’00” WEST 223.99 FEET TO A POINT ON A 15 FOOT RADIUS CURVE TO THE
LEFT (CENTER BEARS SOUTH 00°21’00” WEST AND HAS A CENTRAL ANGLE OF 90°00’00”); THENCE ALONG THE ARC OF SAID CURVE 23.56 FEET; THENCE SOUTH 00°21’00” WEST 476.50 FEET TO THE NORTH BOUNDARY OF 900 NORTH
STREET; THENCE NORTH 89°33’00” WEST 56.00 FEET ALONG SAID NORTH BOUNDARY; THENCE NORTH 00°21’00” EAST 547.41 FEET; THENCE SOUTH 89°39’00” EAST 294.94 FEET TO THE POINT OF BEGINNING. 

IB: 
 BEGINNING AT A POINT WHICH IS NORTH
00°18’26” EAST 262.38 FEET AND NORTH 89°39’00” WEST 54.24 FEET FROM THE EAST QUARTER CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN, AND RUNNING THENCE NORTH 89°39’00” WEST
626.40 FEET, MORE OR LESS, TO THE SOUTHERLY RIGHT OF WAY LINE OF THE 1-15 OFF RAMP AND THE FOLLOWING 3 CALLS BEING ON SAID RIGHT OF WAY LINE, SAID POINT ALSO BEING ON A 2804.79 FOOT RADIUS CURVE TO THE RIGHT (CENTER BEARS SOUTH
32°56’46” EAST AND HAS A CENTRAL ANGLE OF 07°28’43”); 1) THENCE ALONG THE ARC OF SAID CURVE 366.10 FEET; 2) THENCE NORTH 64°31’57” EAST 301.82 FEET; 3) THENCE SOUTH 69°22’05” WEST 38.65 FEET TO
THE WEST LINE OF MAIN STREET, A DEDICATED ROAD; THENCE SOUTH 00°18’26” WEST 298.51 FEET ALONG SAID WEST LINE TO THE POINT OF BEGINNING. 
 Spanish Fork, UT (Store 108) 

  

 1C: 
 COMMENCING AT A POINT LOCATED NORTH 00°28’26” WEST ALONG THE SECTION LINE 184.04 FEET AND WEST 58.52 FEET FROM THE EAST QUARTER CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST, SALT
LAKE BASE AND MERIDIAN; THENCE SOUTH 00022’11”
WEST 232.00 FEET; THENCE NORTH 88°34’29” WEST 96.01 FEET; THENCE NORTH 00°22’11” EAST 232.00 FEET; THENCE SOUTH 88°34’29” EAST 96.01 FEET TO THE POINT OF BEGINNING. 

PARCEL 2 (EASEMENT): 
 A NON-EXCLUSIVE ACCESS
EASEMENT FOR REASONABLE INGRESS AND EGRESS TO AND FROM THE ABOVE PROPERTY TO AND FROM 1000 NORTH STREET OVER THE FOLLOWING DESCRIBED PROPERTY: 

BEGINNING AT A POINT WHICH IS NORTH 00°18’26” EAST 262.38 FEET AND NORTH 89°39’00” WEST 54.24 FEET FROM THE EAST QUARTER
CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN, AND RUNNING THENCE NORTH 89°39’00” WEST 160.00 FEET; THENCE NORTH 00°18’26” EAST 252.06 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF THE
1-15 OFF RAMP AND THE FOLLOWING 2 CALLS BEING ON SAID RIGHT OF WAY; 1) THENCE NORTH 64°31’57” EAST 137.43 FEET; 2) THENCE SOUTH 69°22’05” EAST 38.65 FEET TO THE WEST LINE OF MAIN STREET, A DEDICATED ROAD; THENCE SOUTH
00°18’26” WEST 298.51 FEET ALONG SAID WEST LINE TO THE POINT OF BEGINNING. 
 PARCEL 3 (EASEMENT): 

NON-EXCLUSIVE EASEMENTS OVER AND ACROSS THE FOLLOWING DESCRIBED PROPERTIES, WHICH EASEMENTS ARE TO BE USED FOR UNDERGROUND UTILITIES INCLUDING, BUT NOT
LIMITED TO POWER LINES AND NATURAL GAS LINES: 
 3A: 
 BEGINNING AT A POINT ON THE NORTH LINE OF 900 NORTH STREET, SPANISH FORK, UTAH MEASURED 281.27 FEET SOUTH (DEEDED 278.50 FEET SOUTH) AND MEASURED 558.11 FEET WEST (DEEDED 558.09 FEET WEST) FROM THE EAST
QUARTER CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN; THENCE NORTH 89°33’00” WEST 115.00 FEET ALONG THE NORTH LINE OF SAID 900 NORTH STREET TO THE TRUE POINT OF BEGINNING; THENCE NORTH
89°33’00” WEST 10 FEET ALONG THE NORTH LINE OF SAID 900 NORTH STREET; THENCE NORTH 00°21’00” EAST 170 FEET; THENCE SOUTH 89°33’00” EAST 10 FEET; THENCE SOUTH 00°21’00” WEST 170 FEET TO THE
POINT OF BEGINNING. 
 3B: 
 BEGINNING AT A POINT WHICH IS NORTH 00°18’26” EAST 262.38 FEET AND NORTH 89°39’00” WEST 680.64 FEET FROM THE EAST QUARTER CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST,
SALT LAKE BASE AND MERIDIAN, AND RUNNING THENCE SOUTH 00°21’00” WEST 374.94 FEET TO THE NORTH LINE OF EASEMENT 3A ABOVE; THENCE SOUTH 89033’00” EAST 10 FEET ALONG SAID NORTH LINE; THENCE NORTH 00°21’00” EAST 374.95 FEET; THENCE NORTH
89°39’00” WEST 10 FEET TO THE POINT OF BEGINNING. 
 Spanish Fork, UT (Store 108) 

  

 3C: 
 BEGINNING AT A POINT WHICH IS NORTH 00°18’26” EAST 262.38 FEET AND NORTH 89°39’00” WEST 214.24 FEET FROM THE EAST QUARTER CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST,
SALT LAKE BASE AND MERIDIAN, AND RUNNING THENCE NORTH 89°39’00” WEST 466.40 FEET, MORE OR LESS, TO THE SOUTHERLY RIGHT OF WAY LINE OF THE I-I5 OFF RAMP, SAID POINT ALSO BEING ON A 2804.79 FOOT RADIUS CURVE TO THE RIGHT (CENTER BEARS
SOUTH 32°56’46” EAST AND HAS A CENTRAL ANGLE OF 0°22’26”); THENCE 18.31 FEET ALONG THE ARC OF SAID CURVE AND SAID SOUTHERLY RIGHT OF WAY TO A POINT 10 FEET NORTH PERPENDICULAR FROM THE SOUTH LINE AS DESCRIBED ABOVE;
THENCE SOUTH 89°39’00” EAST 451.06 FEET TO THE EAST BOUNDARY LINE OF JB’S PRESENT PROPERTY LINE; THENCE SOUTH 00°18’26” WEST 10 FEET TO THE POINT OF BEGINNING. 

PARCEL 4 (EASEMENT): 
 RIGHTS OF INGRESS AND
EGRESS ESTABLISHED BY CROSS-EASEMENT AGREEMENT BETWEEN SHOPKO STORES, INC. AND HARMAN MANAGEMENT CORPORATION, RECORDED MAY 1,1991 AS ENTRY NO. 16179 IN BOOK 2786 AT PAGE 800 OF OFFICIAL RECORDS: 

BEGINNING AT A POINT ON THE NORTH LINE OF 900 NORTH STREET, SPANISH FORK, UTAH, MEASURED 261.27 FEET SOUTH (DEEDED 276.50 FEET SOUTH) AND MEASURED 558.11
FEET WEST (DEEDED 558.09) FEET WEST) FROM THE EAST QUARTER CORNER OF SECTION 13, TOWNSHIP 8 SOUTH, RANGE 2 EAST, SALT LAKE BASE AND MERIDIAN, AND RUNNING THENCE NORTH 89°33’00” WEST 125.00 FEET ALONG SAID 900 NORTH STREET; THENCE NORTH
00°21’00” EAST 170.00 FEET; THENCE SOUTH 89°33’00” EAST 125.00 FEET; THENCE SOUTH 00°21’00” WEST 170.00 FEET TO THE POINT OF BEGINNING. NOTE: BEARINGS ROTATED 00°02’00” CCW FROM DEED BEARINGS
TO MATCH THE NORTH LINE OF 900 NORTH STREET. BEGINNING DISTANCES MEASURED TO MATCH THE NORTH LINE OF 900 NORTH STREET. 
 PARCEL 5: 

NON-EXCLUSIVE EASEMENT RIGHTS CREATED BY DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS AFFECTING LAND DATED JUNE 26, 2003 BY AND BETWEEN
SHOPKO STORES, INC., A WISCONSIN CORPORATION AND JALS #5, LLC, A UTAH LIMITED LIABILITY COMPANY RECORDED JUNE 30, 2003 AS ENTRY NO. 97899:2003 OF OFFICIAL RECORDS. 
 TAX I.D. (24-049-0044) 
 TAX I.D. (24-049-0066) 

Spanish Fork, UT (Store 108) 

  

 LEGAL DESCRIPTION 
 A portion of the Northwest Quarter of Section 8, Township 5 North, Range 1 West, Salt Lake Base and Meridian: 
 Beginning at the Northeast Corner of the Northwest Quarter of said Section 8 and running thence South 00°28’ West 104.97 feet to a point on a 175 foot radius curve to the right (center bears
North 84°33’00” West and has a central angle of 28°48’00”); thence along the arc of said curve 87.96 feet; thence South 34°15’00” West 425.03 feet to the true point of beginning of this parcel and running
thence South 34°15’00” West 609.38 feet; thence North 52°46’00” West 164.96 feet; thence South 37°43’00” West 197.48 feet to a point of the Northerly line of Washington Terrace Road as described in Book 160
at Page 517 of the Official Records of Weber County, said point also being a point on a 345 foot radius curve to the left (center bears South 50°38’20” West and has a central angle of 10°14’50”); thence Northwesterly
along the arc of said curve and said road 61.70 feet; thence North 37°42’00” East 110.98 feet; thence North 48°41’00” West 80.86 feet; thence North 39°55’00” East 272.21 feet; thence North
51°27’52” West 14.76 feet to a fence corner; thence along said fence North 51°27’52” West 367.09 feet; thence North 38°02’43” East 19.05 feet; thence North 51°59’43” West 198.76 feet to the
Easterly line of Riverdale Road; thence North
38021’00” East 402.99 feet along said Easterly
line; thence South 51°48’01” East 493.55 feet; thence South 38°21’00” West 10.72 feet; thence South 51°48’01” East along a building line 342.00 feet to the place of beginning. 

Together with non-exclusive easement rights created Cross-Easement Agreement dated April 1, 1990 by and between ShopKo Stores, Inc. dba UvaIKo
ShopKo Stores, Inc. (ShopKo), F.C. Stangl, III, dba F.C. Stangl Construction Company (Developer), Alan Canter, an individual (Canter) and Toys “R” Us, Inc. (Toys) and May 1, 1990 recorded 1107699 in Book 1579 at Page 2298 of Official
Records. 
 TAX I.D. (06-029-0027) 

Riverdale, UT (Store 109) 

  

 LEGAL DESCRIPTION 

Beginning at a point on the West right of way of 1300 East and the South right of way line of Stringham Avenue, said point is South
89°56’22” West 30.273 feet and South 00°l1’46” West 33.00 feet from a monument in the intersection of Stringham Avenue and 1300 East Street; thence South 89°56’22” West 136.50 feet to the Northwest Corner of
Lot 43, Block 4, Union Heights; thence South 00°12’04” West 315.345 feet; thence South 79°06’15” West 37.669 feet; thence South 79°06’15” West 62.488 feet; thence South 75°32’34” West 124.634
feet; thence South 89°56’42” West 629.538 feet; to the East line of Highland Drive; thence North 20°05’15” West 80.894 feet along said East line; thence North 89°56’42” East 100.601 feet to the Southeast
Corner of Lot 1, of said Block 4; thence North 00°12’04” East 71.527 feet; thence North 89°56’37” East 8.00 feet; thence North 00012’04” East 73.029 feet; thence North 89°56’32” East 1.85 feet; thence North
00°12’04” East 8.00 feet; thence North 00°09’17” East 136.549 feet to the Northwest Corner of Lot 12, of said Block 4; thence North 00°03’38” West 33.00 feet; thence South 89°56’22” West 24.354
feet; thence North 00°03’38” West 36.140 feet to a point on the West line of Lot 90, Block 5, Union Heights; thence North 89°51’54” East 362.600 feet; thence North 00°08’06” West 149.029 feet; thence North
89°59’17” East 354.275 feet; thence South 00°11’46” West 178.914 feet; thence North 89°59’17” East 211.997 feet to the West right of way line of 1300 East Street; thence along said right of way line South
00°11’46” West 39.245 feet to the point of beginning. 
 Also, known as Parcel 4, SUGARHOUSE CENTER, according to the Official
Plat thereof, on file and of record in the Office of the Salt Lake County Recorder. 
 Together with rights under the following four easement
documents: 
 1. A Cross-Easement Agreement executed July 13, 1990 being recorded August 9, 1990 as Entry No. 4951043 in Book
6243 at Page 1178 of Official Records, First Amendment to Cross-Easement Agreement being recorded May 24, 1991 as Entry No. 5071522 in Book 6319 at Page 1015 of Official Records. 
 2. Easement Deed executed April 10, 1990 being recorded August 9, 1990 as Entry No. 4951044 in Book 6243 at Page 1234 of Official Records. 

3. Easement Deed executed May 21, 1990 being recorded August 9, 1990 as Entry No. 4951045 in Book 6243 at Page 1238 of Official Records.

 4. Easement Deed executed May 8, 1990 being recorded August 9, 1990 as Entry No. 4951046 in Book 6243 at Page 1242 of Official
Records. 
 TAX I.D. (16-20-276-037-0000) 
 Salt Lake City, UT (Store 110) 

  

 LEGAL DESCRIPTION 
 Lot 1A-1 of the ShopKo Minor Subdivision in the City of Helena, Lewis and Clark County, Montana, as shown on the Final Plat filed under Doc. No. 3042910. 

Together with non-exclusive easement rights created by Declaration of Restrictions and Grant of Easements recorded in M Book 15 of Records, page 3109 and
amendments recorded in M Book 16 of Records, page 6682, in M Book 19 of Records, page 3276, and in M Book 29 of Records, page 4036. 
 Tax I.D.:
1888-17-3-01-01-0000 
 Helena, MT (Store 112) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the State of Minnesota, County of St. Louis and described as follows: 
 That part of Lot 7, Block 1 of the recorded subdivision of Watson Centers Subdivision, Saint Louis County, Minnesota, described as follows: 
 Beginning at the northeast corner of the SW1/4-NW1/4 of Section 20, Township 50 North, Range 14 West being the northwest corner of Lot 8, Block 1 of said Watson Centers Subdivision; thence South 00
degrees 41 minutes 30 seconds East, along the east line of said Lot 7 a distance of 330.97 feet to the southeast corner of said Lot 7; thence South 89 degrees 16 minutes 30 seconds West, along the south line of said Lot 7 a distance of 73.81 feet to
an angle point in the boundary of said Lot 7; thence North 09 degrees 37 minutes 44 seconds East, continuing along the boundary line of said Lot 7 a distance of 103.23 feet to an angle point in said boundary; thence North 80 degrees 31 minutes 43
seconds West, continuing along the boundary line of said Lot 7 a distance of 28.66 feet; thence North 00 degrees 36 minutes 59 seconds West a distance of 166.32 feet; thence South 89 degrees 13 minutes 02 seconds West a distance of 152.91 feet;
thence South 00 degrees 36 minutes 59 seconds East a distance of 148.43 feet to the south line of said Lot 7; thence South 89 degrees 13 minutes 02 seconds West, along said south line a distance of 49.44 feet to an angle point in said south line;
thence North 60 degrees 32 minutes 29 seconds West, along the southwesterly line of said Lot 7 a distance of 335.14 feet to an angle point in said southwesterly boundary; thence North 00 degrees 46 minutes 58 seconds West, along the west line of
said Lot 7 a distance of 259.01 feet to an angle point in said west line; thence North 89 degrees 13 minutes 02 seconds East, continuing along the boundary of said Lot 7 a distance of 31.50 feet to an angle point in said boundary line; thence North
34 degrees 55 minutes 09 seconds East, continuing along the boundary line of said Lot 7 a distance of 71.82 feet to an angle point in said boundary line; thence North 89 degrees 13 minutes 02 seconds East, continuing along the boundary line of said
Lot 7 a distance of 61.46 feet to an angle point in said boundary line; thence North 00 degrees 46 minutes 58 seconds West, continuing along the boundary line of said Lot 7 a distance of 182.68 feet to an angle point in said boundary line; thence
South 89 degrees 13 minutes 02 seconds West, continuing along the boundary line of said Lot 7 a distance of 88.12 feet to an angle point in said boundary line; thence North 00 degrees 46 minutes 58 seconds West, continuing along the boundary line of
said Lot 7 a distance of 193.86 feet to the northwest corner of said Lot 7; thence North 89 degrees 15 minutes 02 seconds East, along the north line of said Lot 7 a distance of 530.07 feet to the northeast corner of said Lot 7; thence South 00
degrees 41 minutes 07 seconds East, along the east line of said Lot 7 a distance of 655.98 feet to the point of beginning. 
 Together with
non-exclusive easements created by Covenants, Restrictions and Reciprocal Easement Agreement dated September 24, 1992, recorded October 9, 1992, as Document No. 555104 and Amendment dated November 20, 1992, recorded
February 9, 1993, as Document No. 560365. 
 Tax Parcel No: Part of 010-4445-00071 

Duluth, MN (Store 114) 

 LEGAL DESCRIPTION 
 Lot 2 of Certified Survey Map recorded in Volume 13 on pages 258 and 259, being part of Lot 1 of the certified survey map recorded in Volume 10 on page 234, being located in a part of the Northeast 1/4 of
the Southwest 1/4, the Southeast 1/4 of the Southwest 1/4 and the Northwest 1/4 of the Southeast 1/4 all in Section 21, Township 15 North, Range 23 East, in the City of Sheboygan, Sheboygan County, Wisconsin. 

TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN CROSS-EASEMENT AND DECLARATION OF RESTRICTIVE COVENANTS RECORDED IN VOLUME 1250, PAGE
485 AS DOCUMENT NO. 1359227; AS AMENDED IN VOLUME 1486, PAGE 150 AS DOCUMENT NO. 1468835. 
 Tax I.D. No.: 59281-215104 

Sheboygan, WI (Store 116) 

 LEGAL DESCRIPTION 
 LOT 3 OF THE REPLAT OF LOT C OF LOWELL PARK PLAZA SUBDIVISION LOCATED IN THE SOUTHEAST QUARTER (SE 1/4) OF SECTION THIRTY (30) TOWNSHIP TWENTY-TWO (22) NORTH, RANGE 9 EAST OF THE FOURTH
PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED IN BOOK J OF PLATS, PAGE 91, AS DOCUMENT 519364, IN LEE COUNTY, ILLINOIS. 
 TOGETHER
WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY DECLARATION OF EASEMENTS, RESTRICTIONS AND OPERATING AGREEMENT MADE BY AND BETWEEN SHOPKO STORES, INC., AND EAGLE FOOD CENTERS, INC., DATED APRIL 6, 1993 AND RECORDED APRIL 6, 1993 IN BOOK 9304, PAGE 583
AS DOCUMENT 519403. 
 TAX PARCEL NUMBER: 07-02-30-427-013 
 Dixon, IL (Store 119) 

 LEGAL DESCRIPTION 
 Lot 1 of Certified Survey Map No. 1487 recorded in Volume 4 of Certified Survey Maps of Green County on pages 468 and 469, being part of the Southeast 1/4 of the Northeast 1/4 of Section 33, in
Township 2 North, Range 7 East of the Fourth Principal Meridian, in the City of Monroe, Green County, Wisconsin, Excepting that portion conveyed by deed recorded as Document No. 407637 and further described as a portion of Lot 1 of Certified
Survey Map No. 1487, recorded in Volume 4 of Certified Survey Maps of Green County on pages 468 and 469, being part of the Southeast 1/4 of the Northeast 1/4 of Section 33, in Township 2 North, Range 7 East of the Fourth Principal
Meridian, in the City of Monroe, Green County, Wisconsin, described as follows: Commencing at the Northeast corner of Lot 2 of Certified Survey Map No. 1487, thence South 89 degrees 47 minutes 25 seconds West, 231.00 feet, thence North 0
degrees 00 minutes 0 seconds East, 16.5 feet, thence North 89 degrees 47 minutes 25 seconds East, 231.00 feet, thence South 0 degrees 00 minutes 00 seconds West 16.5 feet to the point of beginning. 

TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS AFFECTING LAND RECORDED
IN VOLUME 560, PAGE 154, AS DOCUMENT NO. 375898; AS AMENDED IN VOLUME 644, PAGE 874, AS DOCUMENT NO. 407638. 
 TOGETHER WITH DRAINAGE DITCH,
SANITARY AND STORM SEWER EASEMENTS RECORDED IN VOLUME 474, PAGE 389, AS DOCUMENT NO. 341580. 
 Tax I.D.: 23-251-3900-0000 

Monroe, WI (Store 120) 

 LEGAL DESCRIPTION 
 The land referred to is situated in the County of Houghton, City of Houghton, State of Michigan, is described as follows: 
 Parcel A 
 A parcel of land in the Southwest 1/4 of Section 35, Town 55 North, Range 34 West,
Houghton County, Michigan, commencing at the Southwest corner of Section 35, Town 55 North, Range 34 West; thence North 89 degrees 58 minutes 35 seconds East 841.28 feet along the South section line to a point on the East boundary of the
recorded Plat of OAK GROVES ESTATES; thence North 14 degrees 44 minutes 06 seconds East 420.38 feet to the Northeast corner of Outlot A of said plat and point of beginning; thence North 89 degrees 54 minutes 21 seconds 599.69 feet along the North
line of Outlot A of said plat; thence North 00 degrees 00 minutes 37 seconds East, 414.92 feet along the East line of Lots 16, 15 and 14 of said plat; thence North 85 degrees 38 minutes 31 seconds East, 642.63 feet along the South lines of Lots 12
through 8 of said plat; thence South 00 degrees 00 minutes 16 seconds East, 120.20 feet; thence South 89 degrees 58 minutes 13 seconds East, 134.45 feet; thence due South, 394.09 feet; thence South 75 degrees 04 minutes 09 seconds West 209.98 feet;
thence North 14 degrees 44 minutes 06 seconds East, 107.25 feet to the point of beginning. 
 Excepting therefrom Parcels 1 and 2 described as
follows: 
 Parcel 1 
 A parcel of land
in the Southwest 1/4 of Section 35, Town 55 North, Range 34 West, Houghton County, Michigan, commencing at the Southwest corner of Section 35, Town 55 North, Range 34 West; thence North 89 degrees 58 minutes 35 seconds East 841.28 feet
along the South section line to a point on the East boundary of the recorded plat of OAK GROVES ESTATES; thence North 14 degrees 44 minutes 06 seconds East, 420.38 feet to the Northeast corner of Outlot “A: of said Plat; thence North 164.49
feet to the Point of beginning thence North 160.00 feet; thence East 145.61 feet; thence South 160.00 feet; thence West, 145.61 feet to the Point of Beginning. 
 Parcel 2 
 A parcel of land in the Southwest 1/4 of Section 35, Town 55 North, Range 34 West,
Houghton County, Michigan, commencing at the Southwest corner of Section 35, Town 55 North, Range 34 West; thence North 89 degrees 58 minutes 35 seconds East, 841.28 feet along the South section line to a point on the East boundary of the
recorded Plat of OAK GROVES ESTATES; thence North 14 degrees 44 minutes 06 seconds East 313.13 feet to the Point of beginning; thence North 14 degrees 44 minutes 06 seconds East, 107.25 feet to the Northeast corner of Outlot “A; thence North
77.39 feet; thence East 145.61 feet; thence South 135.00 feet; thence South 75 degrees 04 minutes 09 seconds West 178.93 feet to the Point of Beginning. 
 Parcel B 
 A parcel of land in the Southwest 1/4 of Section 35, Town 55 North, Range 34 West,
Houghton County, Michigan, commencing at the Southwest corner of Section 35, Town 55 North, Range 34 West; thence North 89 degrees 58 minutes 35 seconds East 841.28 feet along the South section line to a point on the East boundary of the
recorded Plat of OAK GROVES ESTATES; thence North 14 degrees 44 minutes 06 seconds East 313.13 feet to the Southeast corner and point of beginning of Parcel B, being a part of Outlot A of said plat; thence 56.88 feet along a curve with a radius of
218.28 feet to the right having a chord bearing of South 82 degrees 32 minutes 05 seconds East 56.72 feet; thence West 78.96 
 Houghton, MI
(Store 123) 

 
feet; thence North 50.22 feet; thence West 327.00 feet; thence North 61.68 feet; thence South 89 degrees 54 minutes 21 seconds East 489.48 feet along the North line of Outlot A of said plat;
thence South 14 degrees 44 minutes 06 seconds West 107.25 feet along the East line of Outlot A of said plat to the point of beginning. 

Together with Non Exclusive Easement as created, limited and defined in Cross Easement Agreement recorded in Liber 93 of Miscellaneous Records, page 489.

 Tax Item No. 052-185-005-20 

Houghton, MI (Store 123) 

 LEGAL DESCRIPTION 
 LOT 3 IN THE FINAL PLAT OF SHOPKO SUBDIVISION, BEING A SUBDIVISION OF PART OF THE SOUTHWEST 1/4 OF SECTION 6, TOWNSHIP 26 NORTH, RANGE 8, EAST OF THE FOURTH PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT
THEREOF RECORDED SEPTEMBER 23, 2005, AS DOCUMENT 70062, SITUATED IN THE CITY OF FREEPORT, STEPHENSON COUNTY, ILLINOIS. 
 TAX PARCEL NUMBERS:
04-19-06-300-083 & 18-19-06-300-079 
 Freeport, IL (Store 125) 

 LEGAL DESCRIPTION 
 Lot 2 of Pine Tree Plaza, as recorded in Cabinet “C”, Slide 57, being a part of the Southeast 1/4 and Southwest 1/4 of the Southeast 1/4 of Section 17 and part of the Northeast 1/4 and
Northwest 1/4 of the Northeast 1/4 of Section 20, in Township 2 North, Range 16 East, in the City of Delavan, Walworth County, Wisconsin. 

TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN AMENDED AND RESTATED DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS
AFFECTING LAND, RECORDED IN VOLUME 635, PAGE 2615, AS DOCUMENT NO. 307058. 
 Tax I.D.: XPIN 00002 

Delavan, WI (Store 127) 

 LEGAL DESCRIPTION 
 That portion of Government Lots 4 and 5 lying within the fractional Northwest quarter of Section 3, Township 24 North, Range 43 East, W.M. in the City of Spokane County, Washington, lying Easterly of
Regal Road C.P.H. 52 and the Palouse Highway S.R.P. No. 16, being more particularly described as follows: 
 Beginning at a point on the
West line of said Government Lot 5, 796.00 feet, North 01°09’46” East of the Southwest corner of said Lot 5; 
 Thence South
88°50’14” East, 495.00 feet to the true point of beginning; 
 Thence North 01°09’46” East, 16.50 feet; 

Thence North 88°50’14” West, 187.00 feet to the point of intersection of the centerline of the Palouse Highway S.R.P. No. 16 (Vacated);

 Thence North 48°12’32” West along said centerline 23.39 feet to the point of beginning of a curve to the right the radius of
which bears North 41°47’28” East, 1146.00 feet; 
 Thence along said centerline and curve to the right, through central angle of
23°45’02”, an arc distance of 475.05 feet to the Easterly right of way line of Regal Street; 
 Thence North
08°53’14” West along said right of way line, 47.14 feet; 
 Thence South 89°05’20” East, 214.67 feet; 

Thence North 00°00’29” West, 86.16 feet; 
 Thence North 26°37’23” East, 22.38 feet; 
 Thence North 00°00’ West, 118.79
feet to a point on the Southerly right of way line of 44th 
 Avenue, said point being on a curve to the right the radius of which bears South
06°54’08” East, a distance of 720.00 feet 
 Thence along said right of way line and curve to the right, through a central angle of
6°53’39”, an arc distance of 86.63 feet to a point of tangency; 
 Thence North 89059’31” East, along said right of way line, 681.84 feet;

 Thence South 00°51’16” West, 699.33 feet; 
 Thence North 89°50’14” West, 491.78 feet, to the true point of beginning. 
 Together
with non-exclusive easement rights created by Declaration of Cross-Access Easement recorded February 5, 2004 as document no. 5031129. 

Tax I.D.: 34032-9138 
 Spokane, WA (Store 129)

 LEGAL DESCRIPTION 
 Lot 2, certified survey map, recorded in Volume 10 of certified survey maps, page 2728, Document No. 512575, being a part of the Northwest 1/4 of the Southeast 1/4; the Southwest 1/4 of the Southeast
1/4 and the Southeast 1/4 of the Southeast 1/4 of Section 25, Township 28 North, Range 19 West, City of River Falls, St. Croix County, Wisconsin. 
 TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN COVENANTS AND RESTRICTIONS AFFECTING LAND AND DECLARATION OF CROSS-EASEMENTS, RECORDED IN VOLUME 1066, PAGE 106, DOCUMENT NO. 513357; AS
AMENDED IN VOLUME 1361, PAGE 489, DOCUMENT NO. 588133 AND IN VOLUME 2587, PAGE 20, DOCUMENT NO. 764596. 
 TAX I.D.: 276-1040-30-230 

River Falls, WI (Store 130) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 Lot 4 in Barron County Certified Survey Map No. 5273, Volume 36, Page 96
recorded on February 9, 2006 by the Register of Deeds, Barron County, Wisconsin, being a part of Barron County Certified Survey Map No. 3273, Volume 23, Page 53, located in part of the Northwest Quarter of the Southwest Quarter (NW-SW) of
Section 33, Township 35 North, Range 11 West (T35N-R11W), City of Rice Lake, Barron County, Wisconsin, as more particularly described as follows: 
 Commencing at the West quarter corner of said Section 33; thence S 80°15’45” E, 493.47 feet to the Northeast corner of Lot 1 of C.S.M. V.31 P.29, and the point of beginning (P.O.B.) of
said parcel; thence along the south right-of-way of C.T.H. O along the arc of a curve deflecting to the left (northerly) that has a radius of 11,559.16 feet and a chord of 278.28 feet that bears N 88°07’36” E, 278.28 feet; thence N
87°27’01” E and continuing along said right-of-way, 136.32 feet to the Northwest corner of parcel a of C.S.M. V.22 P.74; thence S 0°24’24” W along the west line of said parcel a, 259.83 feet; thence S
89°36’00” E along the south line of said parcel a, 120.00 feet to the Northwest corner of Lot 1 of C.S.M. V.32 P.32; thence S 0°03’44” W along the west line of said Lot 1, 381.02 feet to the northerly right-of-way of
Pioneer Avenue; thence along said right-of-way along the arc of a curve deflecting to the left (southerly) that has a radius of 252.36 feet and a chord of 258.41 feet that bears S 46°24’01” W, 271.29 feet; thence S
88°59’05” W along the north right-of-way of college drive, 303.16 feet; thence continuing along said right-of-way along the arc of a curve deflecting to the right (northerly) that has a radius of 100.00 feet and a chord of 130.76 feet
that bears N 50°11’14” W, 142.52 feet; thence N 9°21’32” W and continuing along said right-of-way, 541.98 feet to the Southwest corner of Lot 1 of said C.S.M. V. 31 P.29; thence N 88°58’51” E along the south
line of said Lot 1, 147.94 feet to the Southeast corner of said Lot 1; thence N 0°20’46” W along the east line of said Lot 1, 188.98 feet to the P.O.B. 
 Said parcel contains 10.054 acres (437,934 S.F.), more or less; EXCEPTING THEREFROM Lots 1, 2 and 3 of Barron County Certified Survey Map No. 3273, Volume 23, Page 53, and after said exception, said
Lot 4 contains 7.195 acres (313,420 square feet), more or less. 
 Parcel 2: 
 A non-exclusive 45-foot wide access easement for ingress and egress, in favor of Parcel 1, over Lot 1 of Certified Survey Map 32-32, Map No. 4589, a part of the Northwest 1/4 of the Southwest 1/4 of
Section 33, Township 35 North, Range 11 West, in the City of Rice Lake, Barron County, Wisconsin. 
 Parcel 3: 

TOGETHER WITH THE NON-EXCLUSIVE EASEMENTS CREATED BY THAT CERTAIN DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS AFFECTING LAND, RECORDED
IN VOLUME 910, PAGE 456; AS AMENDED IN VOLUME 910, PAGE 481 AND VOLUME 981, PAGE 322. 
 Tax I.D.: 276-8001-55-000 

Rice Lake, WI (Store 132) 

 LEGAL DESCRIPTION 
 LOT 1 AS DESIGNATED UPON THE PLAT OF BIG THUNDER BEING PART OF THE SOUTHWEST QUARTER OF SECTION 23, TOWNSHIP 44 NORTH, RANGE 3, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED
OCTOBER 6, 1994 AS DOCUMENT NUMBER 94-7489, ENVELOPE 142-B, IN THE RECORDER’S OFFICE OF BOONE COUNTY, ILLINOIS. 
 TOGETHER WITH
NON-EXCLUSIVE EASEMENTS AS CREATED BY DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS AFFECTING THE LAND MADE BY SHOPKO STORES, INC., BIG THUNDER DEVELOPMENT CO., INC., AND JOHN T. WOLF, AS TRUSTEE UNDER TRUST AGREEMENT DATED MAY 29,
1992 AND KNOWN AS JOHN T. WOLF DECLARATION OF TRUST; DATED MARCH 31, 1995 AND RECORDED MARCH 31, 1995 AS DOCUMENT 95-1623. 
 Tax Parcel Number:
05-23-303-003 
 Belvidere, IL (Store 133) 

 LEGAL DESCRIPTION 
 Lot C, ShopKo Subdivision, according to the plat thereof, recorded under Auditor’s File No. 583629, records of Whitman County, Washington. 

Lot 1 of Shopko Short Plat No. 1, according to plat thereof recorded under Auditor’s File No. 667163, records of Whitman County,
Washington. 
 Together with non-exclusive easement rights created by Slope Easement Agreement executed by and between ShopKo Stores, Inc., a
Minnesota Corporation and William M. Chipman and Carol G. Chipman, recorded May 3, 1995 as document no. 576809. 
 Together with
non-exclusive easement rights created by Declaration of Cross-Easements and Covenants and Restrictions Affecting Land, dated January 27, 2006, and recorded January 31, 2006 as document no. 669168. 

TAX I.D.: 1-1317-99-00-01-0000 
 Pullman, WA
(Store 134) 

 LEGAL DESCRIPTION 
 TRACT I: 
 A PART OF THE EAST HALF OF LOTS ONE (1) AND TWO (2) OF I. O. WOODRUFF’S
SUBDIVISION OF THE WEST HALF OF THE NORTHEAST QUARTER OF SECTION SIX (6), IN TOWNSHIP TWO (2) SOUTH OF THE BASE LINE AND IN RANGE EIGHT (8) WEST OF THE FOURTH PRINCIPAL MERIDIAN, ADAMS COUNTY, ILLINOIS, BEING MORE PARTICULARLY BOUNDED AND
DESCRIBED AS FOLLOWS, TO-WIT: COMMENCING AT A POINT ON THE SOUTH LINE OF BROADWAY, SAID POINT BEING FORTY-TWO AND FORTY-NINE HUNDREDTHS (42.49) FEET WEST OF THE WEST LINE OF THE EAST THREE (3) ACRES OF LOTS ONE (1) AND TWO (2) OF
SAID I. O. WOODRUFF’S SUBDIVISION AND SIXTY-SIX (66) FEET SOUTH OF THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION SIX (6), THENCE SOUTH 00° 14’ WEST PERPENDICULAR TO SAID SOUTH LINE OF BROADWAY ONE HUNDRED SEVENTY-FIVE
(175) FEET, THENCE SOUTH 89° 46’ EAST PARALLEL WITH SAID SOUTH LINE OF BROADWAY TWO HUNDRED TWENTY-SEVEN (227) FEET TO A POINT ON THE WEST LINE OF 33RD STREET, THENCE SOUTH 01° 20’ 04” WEST ALONG SAID WEST LINE ONE
HUNDRED SEVENTY-ONE AND EIGHTY-TWO HUNDREDTHS (171.82) FEET, THENCE NORTH 88° 39’ 56” WEST ALONG SAID WEST LINE TEN (10) FEET, THENCE SOUTH 01° 20’ 04” WEST ALONG TWO HUNDRED EIGHTY-SIX AND SEVEN HUNDREDTHS
(286.07) FEET TO A POINT ON THE SOUTH LINE OF SAID LOT TWO (2), SAID POINT BEING FORTY-TWO AND SIXTY-THREE HUNDREDTHS (42.63) FEET FROM THE SOUTHEAST CORNER OF SAID LOT TWO (2), THENCE NORTH 89° 41’ 32” WEST ALONG THE SOUTH
LINE OF SAID LOT TWO (2) A DISTANCE OF SIX HUNDRED THREE AND TWO HUNDREDTHS (603.02) FEET TO THE SOUTHWEST CORNER OF THE EAST HALF OF SAID LOTS ONE (1) AND TWO (2), THENCE NORTH 00° 23’ 24” EAST ALONG THE WEST LINE OF
THE EAST HALF OF SAID LOTS ONE (1) AND TWO (2) A DISTANCE OF SIX HUNDRED TWENTY-ONE AND EIGHTY-THREE HUNDREDTHS (621.83) FEET TO A POINT ON THE SOUTH LINE OF BROADWAY, SAID POINT BEING SEVENTY-SIX (76) FEET SOUTH OF THE NORTH
LINE OF THE NORTHEAST QUARTER OF SAID SECTION SIX (6), THENCE SOUTH 89° 46’ EAST ALONG SAID SOUTH LINE ONE HUNDRED ONE AND FORTY-SEVEN HUNDREDTHS (101.47) FEET, THENCE NORTH 00° 14’ EAST ALONG SAID SOUTH LINE TEN
(10) FEET, THENCE SOUTH 89° 46’ EAST ALONG SAID SOUTH LINE TWO HUNDRED NINETY-ONE AND SIXTY-FIVE HUNDREDTHS (291.65) FEET TO THE POINT OF BEGINNING, CONTAINING 7.965 ACRES, ALL AS SHOWN ON A PLAT OF SURVEY MADE BY KLINGNER AND
ASSOCIATES, P.C. RECORDED IN BOOK 14 OF PLATS, AT PAGE 625, IN THE OFFICE OF THE ADAMS COUNTY RECORDER OF DEEDS TO WHICH PLAT REFERENCE IS MADE FOR GREATER CERTAINTY, SITUATED IN THE CITY OF QUINCY, COUNTY OF ADAMS AND STATE OF ILLINOIS. 

TRACT II: 
 A PART OF THE EAST HALF OF LOTS 1
AND 2 OF I. O. WOODRUFF’S SUBDIVISION OF THE WEST HALF OF THE NORTHEAST QUARTER OF SECTION 6 IN TOWNSHIP 2 SOUTH OF THE BASE LINE AND IN RANGE 8 WEST OF THE FOURTH PRINCIPAL MERIDIAN, ADAMS COUNTY, ILLINOIS, BEING MORE PARTICULARLY BOUNDED AND
DESCRIBED AS FOLLOWS, TO-WIT: 
 COMMENCING AT A POINT ON THE SOUTH LINE OF BROADWAY, SAID POINT BEING 42.49 FEET WEST OF WEST LINE OF THE EAST
3 ACRES OF LOTS 1 AND 2 OF SAID I. O. WOODRUFF’S SUBDIVISION AND 66 FEET SOUTH OF THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 6, THENCE SOUTH 89° 46’ EAST ALONG SAID SOUTH LINE 211.86 FEET TO A POINT 39.63 FEET FROM THE
EAST LINE OF LOT 1 OF SAID I. O. WOODRUFF’S SUBDIVISION, THENCE SOUTH 43° 40’ 07” EAST 26.16 FEET TO A POINT ON THE WEST LINE OF 33RD STREET, THENCE SOUTH 01° 20’ 04” WEST ALONG SAID WEST LINE 156.18 FEET, THENCE
NORTH 89° 46’ WEST PARALLEL WITH SAID SOUTH LINE OF BROADWAY 227 FEET, THENCE NORTH 00° 14’ EAST 175 FEET TO THE POINT OF BEGINNING, CONTAINING 0.915 ACES, ALL AS SHOWN ON A PLAT OF SURVEY MADE BY KLINGNER AND 

Quincy, IL (Store 139) 

 
ASSOCIATES, P.C. RECORDED IN BOOK 14 OF PLATS AT PAGE 625 IN THE OFFICE OF THE ADAMS COUNTY RECORDER OF DEEDS TO WHICH PLAT REFERENCE IS MADE FOR GREATER CERTAINTY. 

EXCEPT A PART OF THE EAST HALF OF LOT 1 OF I. O. WOODRUF’S SUBDIVISION OF THE WEST HALF OF THE NORTHEAST QUARTER OF SECTION 6 IN TOWNSHIP 2 SOUTH OF
THE BASE LINE AND IN RANGE 8 WEST OF THE FOURTH PRINCIPAL MERIDIAN, ADAMS COUNTY, ILLINOIS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

BEGINNING AT A POINT ON THE SOUTH LINE OF BROADWAY, SAID POINT BEING 13.97 FEET EAST OF WEST LINE OF THE EAST 3 ACRES OF LOTS 1 AND 2 OF SAID I. O.
WOODRUFF’S SUBDIVISION AND 66 FEET SOUTH OF THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 6, THENCE SOUTH 89° 46’ EAST ALONG SAID SOUTH LINE OF BROADWAY 155.48 FEET TO A POINT 39.63 FEET FROM THE EAST LINE OF LOT 1 OF SAID I.
O. WOODRUFF’S SUBDIVISION, THENCE SOUTH 43° 40’ 07” EAST 26.16 FEET TO A POINT ON THE WEST LINE OF 33RD STREET, THENCE RECORD SOUTH 01° 20’ 04” WEST ALONG SAID WEST LINE 261.20 FEET, MEASURED AS SOUTH 01°
22’ 29” WEST 261.20 FEET, THENCE NORTH 89° 46’ WEST PARALLEL WITH SAID SOUTH LINE OF BROADWAY 168.42 FEET, THENCE NORTH 00° 14’ EAST 280.00 FEET TO THE POINT OF BEGINNING, CONTAINING 1.097 ACRES, MORE OR LESS. 

ALSO EXCEPT TRACT III BEING PART OF THE EAST HALF OF LOT 1 OF I. O. WOODRUFF’S SUBDIVISION OF THE WEST HALF OF THE NORTHEAST QUARTER OF SECTION 6,
TOWNSHIP 2 SOUTH OF THE BASE LINE AND IN RANGE 8 WEST OF THE FOURTH PRINCIPAL MERIDIAN, ADAMS COUNTY, ILLINOIS, SAID TRACT III CONTAINING 0.505 ACRES, MORE OR LESS, AND AS SHOWN BY PLAT OF SURVEY DATED AUGUST 11, 2005, PREPARED BY KENNETH E.
SCHRADER & ASSOCIATES, LTD., SURVEYORS AND ENGINEERS, AND RECORDED ON AUGUST 12, 2005 IN BOOK 705 ON PAGE 8731 AS DOCUMENT NUMBER 200508731 IN THE RECORDERS OFFICE OF ADAMS COUNTY, ILLINOIS. 

TRACT III: NON-EXCLUSIVE EASEMENT FOR THE BENEFIT OF TRACTS I AND II AS CREATED BY DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS RECORDED
IN BOOK 14 OF RIGHT OF WAYS, AT PAGE 1956 DOCUMENT NO. 087804 FOR INGRESS, EGRESS, PARKING AND UTILITIES OVER THE FOLLOWING DESCRIBED REAL ESTATE, TO-WIT: 
 A PART OF THE EAST HALF OF LOT 1 OF I. O. WOODRUFFS SUBDIVISION OF THE WEST HALF OF THE NORTHEAST QUARTER OF SECTION 6 IN TOWNSHIP 2 SOUTH OF THE BASE LINE AND IN RANGE 8 WEST OF THE FOURTH PRINCIPAL
MERIDIAN, ADAMS COUNTY, ILLINOIS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS. 
 BEGINNING AT A POINT ON THE SOUTH LINE OF BROADWAY, SAID
POINT BEING 13.97 FEET EAST OF WEST LINE OF THE EAST 3 ACRES OF LOTS 1 AND 2 OF SAID I. O. WOODRUFF’S SUBDIVISION AND 66 FEET SOUTH OF THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 6, THENCE SOUTH 89° 46’ EAST ALONG SAID
SOUTH LINE OF BROADWAY 155.48 FEET TO A POINT 39.63 FEET FROM THE EAST LINE OF LOT 1 OF SAID I. O. WOODRUFF’S SUBDIVISION, THENCE SOUTH 43° 40’ 07” EAST 26.16 FEET TO A POINT ON THE WEST LINE OF 33RD STREET, THENCE RECORD SOUTH
01° 20’ 04” WEST ALONG SAID WEST LINE 261.20 FEET, MEASURED AS SOUTH 01° 22’ 29” WEST 261.20 FEET, THENCE NORTH 89° 46’ WEST PARALLEL WITH SAID SOUTH LINE OF BROADWAY 168.42 FEET, THENCE NORTH 00° 14’
EAST 280.00 FEET TO THE POINT OF BEGINNING, CONTAINING 1.097 ACRES, MORE OR LESS, AS SHOWN ON PLAT OF SURVEY RECORDED IN BOOK 15 OF PLATS, AT PAGE 1181 TO WHICH REFERENCE IS MADE FOR GREATER CERTAINTY. 

TAX PARCEL NUMBER: 23-3-3503-001-00 
 Quincy, IL
(Store 139) 

 LEGAL DESCRIPTION 
 Being that part referred to as the “Remainder Tract” of SHOPKO PLAZA, a subdivision lying within the City of Jacksonville, Illinois, as per plat thereof, recorded in Plat Cabinet B, Slide 45, in
the office of the Recorder of Morgan County, Illinois; said Remainder Tract is situated in Sections 24 and 25 in Township 15 North and Range 11 West of the Third Principal Meridian and being described as follows: 

COMMENCING AT the southeast corner of the West Half of the Southeast Quarter of said Section 24, which is monumented by a
4-inch square stainless steel plate found flush; thence South 89 degrees 55 minutes 52 seconds West 839.10 feet to the southwest corner of W.H. Kurtz Subdivision, as recorded (sic) in Miscellaneous Book JJ, page 429 in said Recorder’s
office; said southwest corner lies on the north boundary of West Morton Avenue (60 feet north of the centerline) and it is monumented by a 5/8-inch rebar set flush with a survey cap inscribed “D.L. Helms RLS 3322” (referred to as a rebar
in the remainder of this description); thence, along the north boundary of said West Morton Avenue and the west boundary of said W.H. Kurtz Subdivision, North 00 degrees 10 minutes 52 seconds East 5.00 feet to a rebar set flush at the POINT OF
BEGINNING of this description: thence, continue along the west boundary of said W.H. Kurtz Subdivision and a northerly projection thereof, North 00 degrees 10 minutes 52 seconds East 667.27 feet to a 1-inch iron pipe found flush at the southwest
corner of Grandview Terrace Subdivision, as recorded in Plat Cabinet B, Slide 16 in said Recorder’s office; thence, along the west boundary of said Grandview Terrace Subdivision, North 00 degrees 08 minutes 01 second East 556.73 feet to a
1-inch iron pipe found flush at the southeast corner of Paul’s Hill Subdivision, as recorded in Plat Cabinet A, Slide 140 in said Recorder’s office; thence, along the south boundary of said Paul’s Hill Subdivision the following two
(2) courses: (1) North 89 degrees 48 minutes 56 seconds West 154.91 feet to a 1-inch iron pipe found buried 2 inches at the southeast corner of Lot 12 in said subdivision and (2) South 84 degrees 55 minutes 25 seconds West 465.08 feet
to a rebar set flush at the southwest corner of Lot 15 in said subdivision; thence, continue along the south boundary of said subdivision and a westerly projection thereof, North 89 degrees 51 minutes 53 seconds West 170.00 feet to a 1-inch iron
pipe found buried 2 inches at the northwest corner of the land described in deed to Penn-Daniels, Inc. in Document No. 429308 in said Recorder’s office; thence South 00 degrees 00 minutes 00 seconds West 542.02 feet to a 1-inch iron pipe
found exposed 5 inches at the southwest corner of said Penn-Daniels land and the northwest corner of the land described in deed to Jack’s of Jacksonville, Inc. (now Penn-Daniels, Inc.) in Deed Drawer 3, Card 220 in said Recorder’s office;
thence continue South 00 degrees 00 minutes 00 seconds West 673.94 feet to a 1/2-inch iron pipe found buried 4 inches at the southwest corner of said Jack’s of Jacksonville land and being on the north boundary of West Morton Avenue (60 feet from the centerline); thence, along
said north boundary, North 88 degrees 00 minutes 50 seconds East 205.99 feet to a chiseled “+” in concrete; thence North 01 degree 59 minutes 10 seconds West 280.00 feet to a railroad spike set flush; thence North 88 degrees 00 minutes 50
seconds East 400.00 feet to a railroad spike set flush; thence South 01 degree 59 minutes 10 seconds East 260.00 feet to a rebar set flush on the north boundary of West Morton Avenue (80 feet north of the centerline); thence along said north
boundary the following three (3) courses: (1) North 88 degrees 00 minutes 50 seconds East 85.97 feet to a rebar set flush; (2) South 72 degrees 27 minutes 11 seconds East 44.86 feet to a rebar set flush and (3) North 88 degrees
00 minutes 50 seconds East 51.17 feet to the point of beginning and containing 19.438 acres, more or less. The bearing system of this description is based upon the west boundary of the land described in 

Jacksonville, IL (Store 140) 

 
deed to Jack’s of Jacksonville, Inc. (now Penn-Daniels, Inc.) in Deed Drawer 3, Card 220 in said Recorder’s office being South 00 degrees 00 minutes 00 seconds West (South). 

EXCEPTING THEREFROM (sic) Outlot 3 of SHOPKO PLAZA, a subdivision lying within the City of Jacksonville, Illinois, as per plat thereof,
recorded in Plat Cabinet B, Slide 45, in the office of the Recorder of Morgan County, Illinois; said outlot is situated in Section 24 in Township 15 North and Range 11 West of the Third Principal Meridian. 

After the above-described exception, the “Remainder Tract” contains 18.577 acres (809,214.12 square feet), more or less. 

Tax Parcel Number: 08-24-404-052 
 Jacksonville,
IL (Store 140) 

 LEGAL DESCRIPTION 
 Tract “A” being part of the Southwest Quarter of Section 20, Township 11 North, Range 2 West of the Fourth Principal Meridian, Warren County, Illinois, said Tract “A” containing
6.971 Acres, more or less, as shown by Plat of Survey dated August 3, 2005, prepared by Kenneth E. Schrader & Associates, Ltd., Surveyors and Engineers, recorded August 8, 2005 in Book 1104 on Page 262 (Plat Cabinet 3, Slide 72)
and as Document Number 489627 in the Recorder’s Office of Warren County, Illinois. 
 Together with non-exclusive easement rights created
by Declaration of Cross-Easements and Covenants and Restrictions Affecting Land, dated January 27, 2006, and recorded February 6, 2006 as Document Number 491598 in Book 1131 on Page 211 in the Recorder’s Office of Warren County,
Illinois. 
 Tax Parcel Numbers: 09-044-025-00 & 09-044-025-01 
 Monmouth, IL (Store 145) 

 LEGAL DESCRIPTION 
 Lot One (1), Plat of Ledgeview Commercial Park, a County Plat, in the Town of Ledgeview, Brown County, Wisconsin. 
 Together with non-exclusive easement rights created by Declaration of Cross-Easements and Covenants and Restrictions Affecting Land, dated January 27, 2006, and recorded February 6, 2006 as
Document No. 2238930. 
 Tax Key No. Part of D-1544 
 Ledgeview / De Pere, WI (Store 501) 

 LEGAL DESCRIPTION 
 Lot One (1), Volume 47 Certified Survey Maps, Page 176, Map No. 7004, said map being all of Lot 1, Volume 41 Certified Survey Maps, Page 334, Map No. 6283 and part of the Northeast 1/4 of the
Northwest 1/4, Section Four (4), Township Twenty-four (24) North, Range Twenty (20) East, in the Village of Howard, Brown County, Wisconsin. 
 Tax Key No. VH-143-2 
 Green Bay, WI (Store 502) 

 LEGAL DESCRIPTION 

That part of the Southeast 1/4 of the Southwest 1/4 of Section 21, Township 11 North, Range 21 East, in the City of Port Washington, Ozaukee
County, Wisconsin, bounded and described as follows: 
 Commencing at the intersection of the North line of Whitefish Road and the West line of
North Wisconsin Street, running thence North 0 deg. 44’ East, 366.58 feet along the West line of Wisconsin Street, thence South 89 deg. 38’ West 356.63 feet to a point on the extension Northerly of the West line of North Benjamin Street,
thence South 0 deg. 42’ West 364.23 feet along the extension Northerly of the West line of North Benjamin Street to its intersection with the North line of Whitefish Road, thence East 356.3 feet to the point of beginning, EXCEPTING AND
EXCLUDING FROM the foregoing described land with the following: 
 Exception No. 1: The West 66 feet thereof. 

Exception No. 2: Commencing at a point which is 226.58 feet North of the intersection of the North line of Whitefish Road and the West line of North
Wisconsin Street, and from said point running thence North 0 deg. 44’ East 140 feet to a point; thence South 89 deg. 38’ West 135 feet to a point; thence due South 140 feet to a point; thence due East 135 feet to the place of beginning,
being a part of the Southeast 1/4 of the Southwest 1/4 of Section 21, Town 11 North, Range 22 East. 
 THE ABOVE ALSO DESCRIBED AS:

 That part of the Southeast 1/4 of the Southwest 1/4 of Section 21, Township 11 North, Range 22 East, in the City of Port Washington, Ozaukee County, Wisconsin,
bounded and described as follows: 
 Beginning at the intersection of the North right of way line of Whitefish Road and the West right of way
line of North Wisconsin Street; thence North 00 deg. 44’ 00” East 226.51 feet along said West right of way line of Wisconsin Street; thence South 89 deg. 38’ 00” West, 135.00 feet; thence North 00 deg. 44’ 00” East,
140.00 feet to the Southerly line of Volume 1, Certified Survey Maps, Page 505, Map #281; thence South 89 deg. 38’ 00” West, 154.98 feet along said Southerly line to the East right of way line of North Benjamin Street; thence South 00 deg.
42’ 00” West, 364.65 feet along said East right of way line to the North right of way line of Whitefish Road; thence South 90 deg. 00’ 00” East, 289.74 feet along said North right of way line to the point of beginning.

 Tax Parcel Number: 16-040-0008-000 

Port Washington, WI (Store 503) 

 LEGAL DESCRIPTION 
 Lot Three (3) and that part of the Westerly 1/2 of Outlot Two (2), lying between the Northerly and Southerly boundaries of Lot Three (3), extended Easterly, Ashwaubenon Business Centre, a County
Plat, Village of Ashwaubenon, Brown County, Wisconsin. 
 Tax I.D.: VA-823 
 De Pere, WI (OL) 

 LEGAL DESCRIPTION 
 PARCEL I: 
 A PARCEL OF LAND BEING A PORTION OF THE WEST HALF OF SECTION 1, TOWNSHIP 2 NORTH,
RANGE 2 EAST, B.M., ADA COUNTY, IDAHO, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A BRASS CAP MARKING THE NORTHWEST CORNER OF
THE WEST HALF OF SAID SECTION 1: THENCE SOUTH 00°44’50” WEST 740.41 FEET ALONG THE WESTERLY BOUNDARY OF THE WEST HALF OF SAID SECTION 1 TO AN ALUMINUM CAP SET IN CONCRETE, SAID ALUMINUM CAP BEING ON THE SOUTHERLY RIGHT OF WAY LINE OF
GO WEN ROAD AS SHOWN ON ACCESS ROAD FAP 237 C (1) HIGHWAY SURVEY ON FILE IN THE OFFICE OF THE IDAHO DEPARTMENT OF TRANSPORTATION, BOISE, IDAHO; THENCE LEAVING SAID WESTERLY BOUNDARY SOUTH 76°13’05” EAST 67.75 FEET ALONG THE
SOUTHERLY RIGHT OF WAY LINE OF SAID GOWEN ROAD TO AN IRON PIN, SAID IRON PIN BEING THE REAL POINT OF BEGINNING; THENCE CONTINUING ALONG THE SOUTHERLY RIGHT OF WAY LINE OF SAID GOWEN ROAD SOUTH 76°13’05” EAST 1369.05 FEET TO AN ALUMINUM
CAP SET IN CONCRETE ON THE WESTERLY RIGHT OF WAY LINE OF THE UNION PACIFIC RAILROAD, SAID ALUMINUM CAP BEING A POINT ON CURVE; THENCE LEAVING SAID SOUTHERLY RIGHT OF WAY LINE ALONG SAID WESTERLY RIGHT OF WAY LINE OF THE UNION PACIFIC RAILROAD ALONG
A NON-TANGENT CURVE TO THE LEFT 1954.71 FEET, SAID CURVE HAVING A CENTRAL ANGLE OF 56°59’03”, A RADIUS OF 1965.40 FEET, TANGENTS OF 1066.77 FEET AND A LONG CHORD OF 1875.14 FEET BEARING SOUTH 08°46’10” WEST TO AN IRON PIN
MARKING A POINT OF COMPOUND CURVE; THENCE CONTINUING ALONG SAID WESTERLY RIGHT OF WAY LINE OF THE UNION PACIFIC RAILROAD ALONG A CURVE TO THE LEFT 186.82 FEET, SAID CURVE HAVING A CENTRAL ANGLE OF 02°45’32”, A RADIUS OF 3879.71 FEET,
TANGENTS OF 93.43 FEET AND A LONG CHORD OF 186.80 FEET BEARING SOUTH 21°37’23” EAST TO AN IRON PIN MARKING A POINT OF ENDING OF CURVE; THENCE LEAVING THE SAID WESTERLY RIGHT OF WAY LINE OF UNION PACIFIC RAILROAD ALONG A NON-TANGENT
LINE NORTH 76°13’05” WEST 1172.57 FEET TO AN IRON PIN, SAID IRON PIN BEING 66.00 FEET EASTERLY OF THE WESTERLY BOUNDARY OF SAID WEST HALF OF SECTION 1; THENCE NORTH 00°26’46” EAST 156.74 FEET ALONG A LINE PARALLEL TO AND
66.00 FEET EASTERLY OF THE WESTERLY LINE OF SAID WEST HALF OF SECTION 1 TO AN IRON PIN ON THE SOUTHERLY BOUNDARY OF THE NORTHWEST QUARTER OF SAID SECTION 1; THENCE CONTINUING ALONG SAID PARALLEL LINE NORTH 00°44’50” EAST 1917.11 FEET
TO THE POINT OF BEGINNING. 
 Boise, ID (DC997) 

 PARCEL II: 
 TOGETHER WITH A NON-EXCLUSIVE EASEMENT FOR VEHICULAR INGRESS AND EGRESS AND FOR THE INSTALLATION OF UTILITY LINES GRANTED IN THE NONEXCLUSIVE EASEMENT, RECORDED AS INSTRUMENT NO. 9131308, OVER, ACROSS,
UPON, IN, UNDER AND THROUGH THE FOLLOWING: 
 A PARCEL OF LAND BEING A 66-FOOT WIDE INGRESS-EGRESS EASEMENT LYING IN THE WEST HALF OF SECTION 1,
TOWNSHIP 2 NORTH, RANGE 2 EAST, B.M., AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A BRASS CAP MARKING THE
NORTHWEST CORNER OF SAID WEST HALF OF SECTION 1; THENCE SOUTH 00°44’50” WEST 740.41 FEET ALONG THE WESTERLY BOUNDARY OF SAID WEST HALF OF SECTION 1 TO AN ALUMINUM CAP ON THE SOUTHERLY RIGHT OF WAY LINE OF GO WEN ROAD, SAID ALUMINUM CAP
BEING THE REAL POINT OF BEGINNING; THENCE CONTINUING ALONG SAID WESTERLY BOUNDARY OF THE WEST HALF OF SECTION 1 SOUTH
00044’50” WEST 1932.87 FEET TO A BRASS CAP
MARKING THE WEST QUARTER CORNER OF SAID SECTION 1; THENCE CONTINUING ALONG SAID WESTERLY BOUNDARY OF THE WEST HALF OF SECTION 1 SOUTH 00°26’46” WEST 140.96 FEET TO AN IRON PIN; THENCE LEAVING SAID WESTERLY BOUNDARY SOUTH
76°13’05” EAST 67.83 FEET TO AN IRON PIN;
THENCE NORTH 00°26’46” EAST 156.74 FEET ALONG A LINE PARALLEL WITH AND 66.00 FEET EASTERLY OF SAID WESTERLY BOUNDARY OF THE WEST HALF OF SECTION 1 TO AN IRON PIN; THENCE NORTH 00°44’50” EAST 1917.11 FEET ALONG A LINE
PARALLEL WITH AND 66.00 FEET EASTERLY OF SAID WESTERLY BOUNDARY OF THE WEST HALF OF SECTION 1 TO AN IRON PIN ON SAID SOUTHERLY RIGHT OF WAY LINE OF GOWEN ROAD; THENCE NORTH 76°13’05” WEST 67.75 FEET ALONG SAID SOUTHERLY RIGHT OF WAY
LINE OF GOWEN ROAD TO THE POINT OF BEGINNING OF THE ABOVE DESCRIBED 66-FOOT WIDE INGRESS-EGRESS EASEMENT. 
 Tax Parcel Number: S-1501-22-3205

 Boise, ID (DC997) 

 LEGAL DESCRIPTION 
 The North Half of the Southeast Quarter of Section 25, Township 14 North, Range 11 East of the 6th P.M., Sarpy County, Nebraska, Except that part conveyed to Sarpy County, Nebraska at Instrument
No. 99-35025, Records, Sarpy County, Nebraska. 
 Tax I.D.: 10466843 
 Omaha, NE (DC998) 

 LEGAL DESCRIPTION 
 PARCEL I: 
 Lot One (1), Volume 15 Certified Survey Maps, Page 387, Map No. 3035; said map
being part of the Northwest 1/4 of the Northwest 1/4 and the Northeast 1/4 of the Northwest 1/4, Section Thirty-two (32), Township Twenty-three (23) North, Range Twenty (20) East, in the City of De Pere, West side of Fox River, Brown
County, Wisconsin, excepting therefrom parts used for road purposes. 
 Tax I.D.: WD-D0062-1 

PARCEL II: 
 Lot One (1), Volume 25 Certified
Survey Maps, Page 62, Map No. 4115; said map being part of Lots Three (3) and Four (4), and Outlots Three (3) and Six (6), according to the recorded Plat of De Pere Business Park, in the City of De Pere, West side of Fox River, Brown
County, Wisconsin. 
 Tax I.D.: WD-364-D-503 
 PARCEL III: 
 (A) 
 Lots Two (2), Volume 25 Certified Survey Maps, Page 62, Map No. 4115; said map being part of Lots Three (3), Four (4), Outlot Three (3) and Outlot Six (6), according to the recorded Plat of De
Pere Business Park, in the City of De Pere, West side of Fox River, Brown County, Wisconsin. 
 Tax I.D.: WD-364-D-503-1 

(B) 
 Lot Three (3), Volume 25 Certified Survey
Maps, Page 62, Map No. 4115; said map being part of Lots Three (3), Four (4), Outlot Three (3) and Outlot Six (6), according to the recorded Plat of De Pere Business Park, in the City of De Pere, West side of Fox River, Brown County,
Wisconsin. 
 Tax I.D.: WD-364-D-503-2 

PARCEL IV: 
 (A) 

Lot One (1), Volume 39 Certified Survey Maps, page 72, Map No. 5920; said map being part of Outlot Two (2), Volume 25 Certified Survey Maps, page 62
and part of Lot Four (4), according to the recorded Plat of De Pere Business Park, in the City of De Pere, West side of Fox River, Brown County, Wisconsin. 
 Tax I.D.: WD-364-D-504-3 
 De Pere, WI (DC999) 

 AND 
 (B) 
 Outlot One (1), Volume 25 Certified Survey Maps, page 62, Map No. 4115; said map being
part of Lots Three (3), Four (4), Outlot Three (3) and Outlot Six (6), according to the recorded Plat of De Pere Business Park, all in the City of De Pere, West side of Fox River, Brown County, Wisconsin. 

Tax I.D.: WD-364-D-503-3 
 AND 

(C) 
 Outlot (4), according to the recorded Plat
of De Pere Business Park, in the City of De Pere, West side of Fox River, Brown County, Wisconsin. 
 Tax I.D.: WD-364-D-536 

AND 
 (D) 

Outlot One (1), Volume 15 Certified Survey Maps, page 387, Map No. 3035; said map being part of Northwest Quarter of the Northwest Quarter (NW 1/4 of
NW 1/4) and the Northeast Quarter of the Northwest Quarter (NE 1/4 of NW 1/4) and Parcel One (1), Volume 4 Certified Survey Maps, page 255, all in the City of De Pere, West side of Fox River, Brown County, Wisconsin, excepting therefrom any part
used for road purposes. 
 Tax I.D.: WD-D0062-2 
 De Pere, WI (DC999) 

 LEGAL DESCRIPTION 
 Parcel I 
 Part of Private Claim 20 and 21, West side of Fox River, Village of Ashwaubenon, Brown
County, Wisconsin, described as: 
 Commencing at the Southwest corner of Private Claim 21, West side of Fox River; thence South 64 deg.
02’50” East, 11,222,34 feet; thence North 25 deg. 57’10” East, 44.88 feet to the point of beginning at the intersection of the Westerly right of way of Gross Avenue (now Holmgren Way) with the Northerly right of way of Pilgrim
Drive; thence North 64 deg. 16’30” West, 73.05 feet along the Northerly right of way of Pilgrim Drive; thence North 26 deg. 40’00” East, 541.40 feet; thence South 63 deg. 20’00” East, 553.61 feet; thence North 26 deg.
40’00” East, 1,234.87 feet to the Southerly right of way of Willard Drive; thence South 64 deg. 00’42” East, 1,480.82 feet along said Southerly right of way to the Westerly right of way of Ashland Avenue; thence along said right
of way of Ashland Avenue 374.86 feet along the arc of a 11,550.20 foot radius curve to the left whose chord bears South 30 deg. 32’51” West, 374.84 feet; thence continuing along said right of way South 29 deg. 37’06” West, 834.64
feet to the Northerly right of way of Pilgrim Drive; thence North 65 deg. 23’48” West, 50.97 feet along said Northerly right of way; thence continuing along said right of way 287.49 feet along the arc of a 1,213.70 foot radius curve to the
left whose chord bears North 72 deg. 10’57” West, 286.82 feet; thence continuing along said right of way North 63 deg. 32’30” West, 276.41 feet; thence continuing along said right of way South 3 deg. 30’00” East, 79.92
feet; thence continuing along said right of way North 82 deg. 49’30” West, 200.03 feet; thence North 25 deg. 17’20” West, 107.96 feet; thence North 47 deg. 40’54” West, 173.91 feet; thence South 79 deg. 29’06”
West, 382.69 feet; thence North 64 deg. 15’47” West, 550.22 feet to the Westerly right of way of Gross Avenue (now Holmgren Way); thence South 32 deg. 06’30” West, 276.78 feet along said right of way to the point of beginning and
intending to fully describe the parcel previously described in Jacket 9 Image 19, Brown County Records, and also Document No. 1669974, excepting Jacket 18016 Records, Image 51 and excepting Document No. 1682565 and excepting lands conveyed
for road purposes. 
 AND 
 Excepting
a parcel of land located in part of Private Claim 20, West side of Fox River, Village of Ashwaubenon, Brown County, Wisconsin, described as follows: 
 Commencing at the Northeast corner of said Lot 6, Holmgren Way Commercial Park; thence South 56 deg. 30’00” West, 32.55 feet along the East line of said Lot 6 to the point of beginning; thence
South 26 deg. 00’00” West, 92.89 feet; thence South 70 deg. 00’00” West, 14.40 feet to the East line of said Lot 6; thence North 26 deg. 00’00” East, 60.00 feet along said East line of Lot 6; thence North 38 deg.
00’00” East, 42.01 feet along said East line; thence North 56 deg. 30’00” East, 2.49 feet along said East line to the point of beginning. 
 AND 
 Excepting therefrom the recorded plat of Holmgren Way Commercial Park, a portion of which is
now known as Lot One (1), Volume 50 Certified Survey Maps, Page 29, Map No. 7329. 
 Green Bay, WI (HQ) 

 Parcel II 
 A Parcel of land located in part of Lot Six (6), Holmgren Way Commercial Park, Village of Ashwaubenon, Brown County, Wisconsin, described as follows: 

Commencing at the Northeast corner of said Lot 6; thence South 56 deg. 30’00” West, 32.55 feet along the East line of said Lot 6; thence South
26 deg. 00’00” West, 92.89 feet; thence South 70 deg. 00’00” West, 41.40 feet to the South line of said Lot 6; thence North 63 deg. 22’40” West, 35.85 feet along said South line to the point of beginning; thence
continuing along said South line North 63 deg. 22’40” West, 39.15 feet to the Southwest corner of said Lot 6; thence North 20 deg. 44’12” East, 17.29 feet; thence North 59 deg. 00’00” East, 7.39 feet; thence South 31
deg. 00’00” East, 43.77 feet to the point of beginning. 
 TOGETHER WITH THOSE NON-EXCLUSIVE EASEMENTS AS CREATED BY THAT CERTAIN
DECLARATION OF CROSS-EASEMENTS AND COVENANTS AND RESTRICTIONS AFFECTING LAND, RECORDED AS DOCUMENT NO. 1990339; AS AMENDED IN DOCUMENT NO. 2085665 AND IN DOCUMENT NO. 2219431. 
 TAX I.D.: VA-132-1-2 
 Green Bay, WI (HQ) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 That portion of the Northwest Quarter of the Northeast Quarter of Section 22,
Township 25 North, Range 44 East, W.M., in Spokane County, Washington, described as follows: 
 Beginning at the Northwest corner of said
Northwest Quarter of said Northeast Quarter; 
 Thence North 89°57’13” East along the North line of said Northwest Quarter of the
Northeast Quarter, 495.00 feet; 
 Thence South 0°02’00” East parallel with the West line of said Northwest Quarter of the
Northeast Quarter 30.00 feet to the South lien of Sprague Avenue; 
 Thence North 89°57’13” East along the South line of Sprague
Avenue 332.35 feet; 
 Thence South 0°14’11” East 320.56 feet to a line 301.00 feet North of and parallel to the North line of the
Idaho and Western Railroad and the true point of beginning of this description; 
 Thence North 89°45’49” East along said parallel
line 385.00 feet; 
 Thence South 0°14’11” East 261.00 feet; 
 Thence South 89°45’49” West 385.00 feet; 
 Thence North 0°14’11” West
261.00 feet to the true point of beginning; 
 Together with a revocable license to use of the following described real estate: 

Parcel 2: 
 That portion of the Northwest
Quarter of the Northeast Quarter of Section 22, Township 25 North, Range 44 East, W.M., in Spokane County, Washington, described as follows: 
 Beginning at the Northwest corner of said Northwest Quarter of said Northeast Quarter; 
 Thence
South 0°02’00” East along the West line of said Northwest Quarter of the Northeast Quarter 654.30 feet to the North line of the Idaho and Western Railroad; 
 Thence North 89°45’49” East along said North line 30.00 feet to the true point of beginning of this description; 
 Thence continuing North 89°45’49” East along said North line 1273.54 feet to the West line of Blake Road; 
 Thence North 0°02’33” West along the West line of Blake Road 20.00 feet; 
 Thence
South 89°45’49” West parallel with the North line of said Idaho and Western Railroad 1273.54 feet to the East line of McDonald Road; 
 Thence South 0°02’00” East 20.00 feet to the true point of beginning of this description. 
 Together with non-exclusive easement rights created by Declaration of Easement with Covenants and Restrictions recorded June 27, 1986 as document 8606270454. 

Together with non-exclusive easement rights created by Lease Agreement made by and between Arthur G. Grant and Jean Grant and Shopko Stores, Inc., dated
June 26, 1986 as disclosed by Memorandum of Lease recorded June 27, 1986 as document 8606270453. 
 Tax. I.D.: 45221-9220S; 45221-9220

 Spokane, WA (Store 70) 

 LEGAL DESCRIPTION 
 Parcel 1: 
 A part of Sections 5, 6, 7, and 8, Township 35 North, Range 5 West of the Boise
Meridian, Nez Perce County, Idaho, more particularly described as follows: 
 Commencing at the corner common to Sections 5, 6, 7, and 8; Thence
North 68°36’11” West a distance of 89.74 feet to a rebar, 30 inches long, 5/8 inches in diameter with an aluminum tag marked P.E./L.S.3245, the point of beginning; Thence South 14°51’58” East a distance of 798.96 feet to
a rebar, 30 inches long, 5/8 inches in diameter with an aluminum tag marked P.E./L.S.3245; Thence North 75°08’02” East a distance of 450.33 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked
P.E./L.S.3245; Thence North 14°51’58” West a distance of 236.87 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence 30.87 feet along the arc of a 85.00 foot radius curve right,
said curve having a chord bearing North 4°27’39” West a distance of 30.70 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E/L.S.3245; Thence North 5°56’27” East a distance of 92.06
feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence South 83°29’43” East a distance of 41.28 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked of
P.E./L.S. 3245; Thence 28.76 feet along the arc of a 170.00 foot radius curve left, said curve having a chord bearing South 88°20’23” East a distance of 28.73 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an Aluminum
tag marked P.E./L.S. 3245; Thence North 37°19’52” East a distance of 64.18 feet to a point on the Westerly right of way boundary of Thain Grade, 80.88 feet left of centerline station 92+06, monumented with a rebar, 30 inches long, 5/8
inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence North 38°04’03” West a distance of 344.00 feet along said Westerly right of way boundary (of record as North 38°22’00” West) to a point 80.00 feet left
of centerline station 95+50, monumented with a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./ LS.3245; Thence North 88°15’43” West a distance of 39.05 feet along said Westerly right of way boundary to
a point 110.00 feet left of centerline station 95+75, monumented with a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence North 38°04’03” West a distance of 134.60 feet along said Westerly
right of way boundary (of record as North 38°22’00” West) to a point 110.00 feet left of centerline station 97+09.60, said point also being on the Southerly right of way boundary of Nez Perce Grade, 100 feet left of centerline station
1+08.12, monumented with a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence a distance of 111.15 feet, and leaving said Westerly right of way boundary, along the Southerly right of way boundary of Nez
Perce Grade on the arc of a 577.47 foot, radius curve right, said curve having a chord bearing South 58°31’42” West a distance of 110.98 feet to a point 100.00 feet left of centerline station 2+00.07, monumented with a rebar, 30 inches
long, 5/8 inches in diameter with an aluminum tag marked P.E./L.S. 3245; Thence North 25°57’27” West a distance of 20.00 feet along said Southerly right of way boundary (of record as North 25°56’39” West on the record of
survey by James Grow) to a point 80.00 feet left of centerline station 2+00.07, monumented with a rebar, 30 inches long, 5/8 inches in diameter with an aluminum tag marked P.E./LS.3245; Thence 111.99 feet along said Southerly right of way boundary
on the arc of a 557.47 foot radius curve right, said curve having a chord bearing South 69°47’51” West,111.80 feet to a point 80.00 feet left of centerline station 2+95.95, monumented with a 

Lewiston, ID (Store 72) 

 
rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./LS.3245; Thence South 75°33’10” West, a distance of 115.09 feet along said Southerly right of way
boundary (of record as South 75°33’57” West, on the record of survey by James Grow) to a point 80.00 feet left of centerline station 4+11.04, monumented with a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked
P.E./LS.3245; Thence continuing South 75°33’10” West a distance of 42.70 feet along said Southerly right of way boundary (of record as South 75°33’57” West on the record of survey by James Grow) to a point 78.15 feet left
of centerline station 4+60.55, to the Point of Beginning. 
 Parcel 2: 
 Together with an easement for fire protection and emergency access for pedestrian and vehicular access, ingress and egress, over, across, upon and through the real estate located in Nez Perce County,
Idaho, described as follows: A part of the Northeast quarter (NE1/4) of section 7 and the Northwest quarter (NW1/4) of Section 8, Township 35 North, Range 5 West of the Boise Meridian, Nez Perce County, Idaho, more particularly described as
follows: 
 Commencing at the corner common to Sections 5, 6, 7, and 8; Thence North 68°36’11” West a distance of 89.74 feet to a
rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence South 14°51’58” East a distance of 473.63 feet to the point of beginning; Thence continuing South 14°51’58” East a distance
of 325.33 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence South 75°08’02” West a distance of 60.00 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag
marked P.E./L.S.3245; Thence North 14°51’58” West a distance of 325.33 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./LS.3245; Thence North 75°08’02” East a distance of 60.00
feet to the Point of Beginning. 
 Also together with an easement for vehicular access, ingress and egress, over, across, upon and through the
real estate located in Nez Perce County, Idaho, described as follows: A part of the Northwest quarter (NW1/4) of Section 8, Township 35 North, Range 5 West of the Boise meridian, Nez Perce County, Idaho, more particularly described as follows:

 Commencing at the corner common to Sections 5, 6, 7, and 8; Thence North 68°36’11” West a distance of 89.74 feet to a rebar, 30
inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence South 14°51’58” East a distance of 798.96 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence
North 75°08’02” East a distance of 450.33 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245, the point of beginning; Thence continuing North 75°08’02” East a distance of
60.00 feet to a rebar; 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence North 14°51’58” West a distance of 236.87 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag
marked P.E./LS.3245; Thence North 5°56’27” East a distance of 34.94 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L,S.3245; Thence 20.01 feet along the arc of a 35.00 foot radius curve right,
said curve having a chord bearing North 70°25’56” East 19.74 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence 65.00 feet along the arc of a 230.00 foot radius curve left, said
curve having a chord bearing North 78°43’04” East a distance of 64.78 feet to a point on the Westerly right of way boundary of Thain Grade, 118.6 feet left of centerline station 91+11.39, monumented with a rebar, 30 inches long, 5/8
inches in diameter, with an aluminum tag 
 Lewiston, ID (Store 72) 

 
marked P.E./L.S.3245; Thence North 6°55’57” East a distance of 54.58 feet along said Westerly right of way boundary to a point 80.00 feet left of centerline station 91+50.00,
monumented with a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence North 38°04’03” West a distance of 56.00 feet along said Westerly right of way boundary (of record as North
38°22’00” West) to a point 80.00 feet left of centerline station 92+06.00, monumented with a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence South 37°19’52” West, and
leaving said right of way boundary, a distance of 64.18 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence a distance of 28.76 feet along the arc of a 170.00 foot radius curve right, said curve
having a chord bearing North 88°20’23” West, 28.73 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence North 83°29’43” West a distance of 41.28 feet to a rebar, 30
inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence South 5°56’27” West a distance of 92.06 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245; Thence a
distance of 30.87 feet along the arc of a 85.00 foot radius curve left, said curve having a chord bearing of South 4°27’39” East, 30.70 feet to a rebar, 30 inches long, 5/8 inches in diameter, with an aluminum tag marked P.E./L.S.3245;
Thence South 14°51’58” East a distance of 236.87 feet to the Point of Beginning. 
 Together with Non-exclusive easements created
by Declaration of Conditions, Covenants and Restrictions and Grant of Easements, including the terms, conditions and provisions thereof, recorded July 7, 2004 as Instrument No 707009. 
 Tax Parcel Number: RPL355W0083179A 
 Lewiston, ID (Store 72) 

 LEGAL DESCRIPTION 
 Lot 1 of Short Plat 86-225, recorded under Auditor’s File No. 2784588. 
 Together with
non-exclusive easement rights created by Cross-Easement Agreement executed by and between Mercy Development Co., a Washington Limited Partnership; M & E Company, a Washington General Partnership; Yakima Theatres, Inc., a Washington Corp.; Shopko
Stores, Inc., a Minnesota Corp.; and Eagle Hardware and Garden Center recorded August 07, 1991 as document 2931805. 
 Together with
non-exclusive easement rights created by Declaration of Reciprocal Access Easement recorded October 01, 2001 as document 7237346. 
 Tax
I.D.: 191332-43401 
 Union Gap, WA (Store 73) 

 LEGAL DESCRIPTION 
 LOT 1, BULL MARKET SUBDIVISION, FILED SEPTEMBER 2, 2004, AS ENTRY NO. 871175, IN THE OFFICE OF THE RECORDER OF CACHE COUNTY, UTAH. 
 TOGETHER WITH NON-EXCLUSIVE EASEMENT RIGHTS CREATED BY RECIPROCAL EASEMENT AGREEMENT, BY AND AMONG SAM’S WEST INC., AN ARKANSAS CORPORATION, SHOPKO STORES, INC., A WISCONSIN CORPORATION AND BULLEN
FAMILY PARTNERSHIP, A UTAH LIMITED PARTNERSHIP, RECORDED OCTOBER 9, 2002 AS ENTRY NO. 800708 IN BOOK 1145 PAGE 313. 
 TAX I.D. (05-042-0052)

 Logan, UT (Store 91) 

 LEGAL DESCRIPTION 

PART OF LOT 1 OF PIERSON ESTATE SUBDIVISION AND PART OF LOT 3 OF REGENCY SUBDIVISION IN THE SOUTHEAST 1/4 OF SECTION 36, T70N, R3W OF THE 5TM PM, CITY OF BURLINGTON, DES
MOINES COUNTY, IOWA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 COMMENCING AT THE SOUTHEAST CORNER OF SAID SECTION 36; 

THENCE NORTH 89 DEGREES 18’39” WEST 503.82 FEET, ALONG THE SECTION LINE TO THE PLACE OF BEGINNING; 

THENCE NORTH 89 DEGREES 18’39” WEST 170.39 FEET; 
 THENCE NORTH 00 DEGREES 38’56” WEST 503.17 FEET; 
 THENCE NORTH 89 DEGREES
56’31” EAST 298.47 FEET; 
 THENCE NORTH 00 DEGREES 09’04” EAST 189.19 FEET TO THE NORTH LINE OF SAID LOT 3; 

THENCE SOUTH 89 DEGREES 53’42” EAST 262.98 FEET ALONG SAID NORTH LINE TO THE WEST RIGHT OF WAY LINE OF ROOSEVELT AVENUE; 

THENCE SOUTH 00 DEGREES 09’17” WEST 646.82 FEET ALONG SAID WEST LINE; 
 THENCE NORTH 89 DEGREES 17’36” WEST 384.56 FEET; 
 THENCE SOUTH 00 DEGREES
23’58” EAST 52.11 FEET TO THE PLACE OF BEGINNING. 
  

			
		
	NOTE:	  	THE EAST LINE OF THE SOUTHEAST 1/4 OF SECTION 36, T70N, R3W IS ASSUMED TO BEAR NORTH.

 Tax Parcel Number: 001-0030800 
 Burlington, IA (Store 141) 

 EXHIBIT A-4 
 LIST OF OVERLEASES 
  

	1.	#070 13414 East Sprague Avenue, Spokane, Washington 

 Lease Agreement, dated June 26, 1986, by and between William A. Tombari, Margaret K. Tombari, Arthur G. Grant and Jean Grant, as landlord, and Shopko Stores, Inc., a Minnesota corporation
(predecessor in title to ShopKo Properties, Inc., a Minnesota corporation, predecessor in title by conversion to ShopKo Properties, LLC, a Minnesota limited liability company), as tenant, a memorandum of which was dated June 26, 1986, and
recorded June 27, 1986, in the land records of Spokane County, Washington as No. 8606270453; as assigned by Assignment of Lease Agreement, dated March 1, 1993, by and between ShopKo Properties, Inc. and Shopko Stores, Inc., and as
further assigned by Assignment of Lease dated January 27, 2006, by and between Shopko Properties, LLC and Shopko Properties SPE Real Estate, LLC and recorded January 31, 2006 as Document Nos. 5337576 and 5337577 in the land records of
Spokane County, Washington. 
  

	2.	#072 2120 Thain Grade, Lewiston, Idaho 

 Lease Agreement, dated October 9, 1986, by and between McCann Ranch & Livestock Co., an Idaho corporation, as landlord, and ShopKo Stores, Inc., a Minnesota corporation (predecessor in title
to ShopKo Properties, Inc., a Minnesota corporation, predecessor in title by conversion to ShopKo Properties, LLC, a Minnesota limited liability company), as tenant, a memorandum of which was dated October 9, 1986, and recorded July 17,
1987, in the land records of Nez Perce County, Idaho as Instrument No. 512856; as assigned by Assignment of Lease Agreement, dated March 1, 1993, by and between ShopKo Properties Inc. and ShopKo Stores, Inc., and as further assigned by
Assignment of Lease dated January 27, 2006, by and between Shopko Properties, LLC and Shopko Properties SPE Real Estate, LLC and recorded January 31, 2006 as Document No. 726983 in the land records of Nez Perce County, Idaho.

  

	3.	#073 2530 Rudkin Road, Union Gap, Washington 

 Lease Agreement, dated August 12, 1986, by and between Yakima Theatres, Inc., a Washington corporation, as landlord, and ShopKo Stores, Inc., a Minnesota corporation (predecessor in title to ShopKo
Properties, Inc., a Minnesota corporation, predecessor in title by conversion to ShopKo Properties, LLC, a Minnesota limited liability company), as tenant, a memorandum of which was dated August 12, 1986, and recorded February 6, 1987, in
the land records of Yakima County, Washington as Auditor’s File No. 2789547; as amended by Modification of Lease Agreement, dated June 25, 1991, by and between Yakima Theatres, Inc. and ShopKo Stores, Inc.; and as assigned by
Assignment of Lease, dated March 1, 1993, by and between ShopKo Properties, Inc. and ShopKo Stores, Inc., and as further assigned by Assignment of Lease dated January 27, 2006, by and between Shopko Properties, LLC and Shopko Properties
SPE Real Estate, LLC and recorded January 31, 2006 as Document No. 7492600 in the land records of Yakima County, Washington. 

  
 A-4-1

	4.	#091 1341 North Main Street, Logan, Utah 

 Lease Agreement, dated August 8, 1988, by and between Bullen Family Partnership, a Utah limited partnership, as landlord, and ShopKo Stores, Inc., a Minnesota corporation, as tenant, a memorandum of
which was recorded November 21, 1988, in the land records of Cache County, Utah at Book 439, page 923 as Instrument No. 517902; and as assigned by Assignment of Lease dated January 27, 2006, by and between Shopko Stores, Inc. and
Shopko SPE Real Estate, LLC and recorded February 3, 2006 as Entry No. 909678 in Book 1392, Page 325 in the land records of Cache County, Utah. 
  

	5.	#141 313 North Roosevelt Avenue, Burlington, Iowa 

 Amended and Restated Agreement of Lease, dated December 18, 1997, by and between William D. Daniels, Nancy Jane Daniels, and David P. Daniels, as tenants in common, as landlord, and Penn-Daniels,
Incorporated, a Delaware corporation (predecessor in title by conversion to Penn-Daniels, LLC, a Delaware limited liability company), as tenant, (i) a Memorandum of Restated Lease of which was dated December 19, 1997, and recorded
December 19, 1997, in the land records of Des Moines County, Iowa as Document No. 97-007921, and (ii) a Memorandum of Restated Lease of which was also dated December 18, 1997, and recorded December 23, 1997, in the land
records of Des Moines County, Iowa as Document No. 97-007992; as assigned by Assignment of Lease dated January 27, 2006, by and between Penn-Daniels, LLC and Penn-Daniels SPE Real Estate, LLC and recorded February 3, 2006 as Document
No. 2006-000745 in the land records of Des Moines County, Iowa. 

  
 A-4-2

 EXHIBIT B 
 LIMITED RENT DETERMINATION/ADJUSTMENT FORMULA 
  

	1.	Determination relating to Assignment or Subleasing. 

 Tenant has a limited collective ability to assign and sublease a portion of the aggregate square footage of real estate subject to the Lease. For square footage that is either sublet with a corresponding
non-disturbance agreement or which is assigned in accordance with Article 12, Tenant will seek to obtain initial rents at market rates, but in no event less than a determined minimum (“Determined Minimum” ). The Determined
Minimum rents for individual Property Locations shall be computed by multiplying (a) a fraction (the “Quotient”), the numerator of which will be the allocated loan amount assigned to the particular Property Location as set
forth in a loan agreement between Landlord and Landlord’s Mortgagee and the denominator of which will be the Total Loan Amount, by (b) the current Base Rent payment. 

 

	2.	Adjustments relating to Casualty or Condemnation. 

 Upon (a) a Casualty Event which results in the removal of a Property Location in accordance with Article 14 of this Lease, or (b) a Condemnation which results in the removal of a taken
Property Location in accordance with Article 15 of this Lease, the Base Rent hereunder shall be reduced by the product resulting from multiplying (i) the Quotient (defined above), by (ii) the current Base Rent payment. 

As applicable to Sections 1 and 2 of this Exhibit B, the “Total Loan Amount” shall mean the combined sum
of all of the allocated loan amounts assigned to all of the Property Locations under this Lease as set forth in the loan agreement as obtained or modified by Landlord’s existing or future Mortgagees from time to time (the “Allocated
Loan Amounts”). The Allocated Loan Amounts shall be subject to change after the Effective Date upon sixty (60) days prior written notice to Tenant if Landlord refinances or modifies the loan secured by the Premises with an unaffiliated
third party Mortgagee (with such refinancing or modification not to occur more than once every three (3) years); such Allocated Loan Amounts may change based solely on a change in the fair market value of the Property Locations established by
new appraisals to the extent such Mortgagee requires new appraisals to determine the then-current Allocated Loan Amount. If such Allocated Loan Amounts change, Landlord shall promptly notify Tenant of the revised Allocated Loan Amounts. If no new
Allocated Loan Amounts are required by any new Mortgagees, Landlord and Tenant shall rely on the Allocated Loan Amounts in effect as of the Effective Date. 

  
 B-l

 EXHIBIT C 
 FORM OF ESTOPPEL LETTER 
 TO: 

 

	 	Re:	Leasehold interest in property located at                 (the “Property”)
pursuant to a Lease dated                 (the “Lease”) between
                (“Landlord”) and                 (“Tenant”)

 Ladies and Gentlemen: 
 The following statements are made for your benefit and the benefit of your Mortgagees, successors, and assigns (the “Beneficiaries”). The undersigned hereby certifies to the Beneficiaries that
the following statements are true, correct and complete as of the date hereof: 
 1. The Lease is unmodified and is presently in
full force and effect and represents the entire agreement between Tenant and Landlord with respect to the Property. 
 2. Tenant
began paying rent under the Lease on                 . Tenant is currently paying $         per month as rent and
$         for other charges under the Lease. 
 3. Neither Landlord nor Tenant is in
default under the Lease. To the knowledge of the undersigned, no event has occurred that with the giving of notice, the passage of time, or both, would constitute a default under the Lease. 

4. The leased premises have been completed in accordance with the terms of the Lease and Tenant is in occupancy, open for business and
paying rent on a current basis with no rental offsets or claims. 
 5. Tenant has not prepaid rent other than as provided for in
the Lease or as stated above. 
 6. There are no actions, whether voluntary or otherwise, pending against the undersigned under
the bankruptcy laws of the United States or any State thereof. 
 7. The Lease has not been assigned nor has the Property been
sublet. 
 8. Tenant has no existing defenses, offsets, liens, claims or credits against the payment obligations under the
Lease. 
 9. The expiration date of the Lease is
                (the “Expiration Date”). Tenant has not been granted any options or rights to terminate the Lease earlier than the Expiration Date. 

  
 C-1

 10. Tenant is currently not a party to any lease or sublease affecting the Property, other
than the Lease. 
 EXECUTED as of the     day of
                . 
  

			
	[                ]
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 C-2

 EXHIBIT D 
 FORM OF SUBLEASE NON-DISTURBANCE AGREEMENT 
 SUBLEASE RECOGNITION
AGREEMENT 
 THIS SUBLEASE RECOGNITION AGREEMENT (“Agreement”), made as of
                , 20    , by and between                ,
a                 (“Landlord”) and                 ,
a                 (“Subtenant”). 
 RECITALS: 
 A. Landlord
and                     (“Tenant”) have entered into a certain lease (the “Lease”) dated as
of                     , 2006, a memorandum of which has been recorded in the Recorder of Deeds Office in and for
                County,                 , which demises certain real property (the
“Property Location”) located at (the “Property Location”), which Property Location is more particularly described on Exhibit “A” attached hereto and made a part hereof. 

B. Pursuant to a Sublease dated as of                 ,
20     (the “Sublease”), Tenant has leased to Subtenant                 of the Property Location (the “Subleased Property
Location”), and which Subleased Location is more particularly described in the Sublease. 
 C. The parties hereto
desire to effectuate the provisions of Section 12.03 of the Lease with respect to the Sublease and the Subleased Property Location. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto, intending to be legally bound hereby, agree as follows: 

1. Landlord warrants and represents as follows: 
 a. that it is the fee owner of the Property Location; 
 b. that the Lease is
unmodified (except as may be otherwise set forth in Exhibit B annexed hereto, if any) and is in full force and effect; 

c. that the term of the Lease expires on                ,
but is subject to                 extension periods of
                (    ) years each; and 
 d. that Tenant is not in default under the Lease nor has any event occurred which would after notice to Tenant and the passage of time become a default of Tenant under the Lease. 

  
 D-1

 2. Landlord hereby acknowledges receipt of a copy of the Sublease, and agrees the exercise
by Subtenant of any of its rights, remedies and options contained therein shall not constitute a default under the Lease. 
 3.
Landlord shall not, in the exercise of any of the rights arising or which may arise out of the Lease or of any instrument modifying or amending the same or entered into in substitution or replacement thereof (whether as a result of Tenant’s
default or otherwise), disturb or deprive Subtenant in or of its possession or its rights to possession of the Subleased Property Location or of any right or privilege granted to or inuring to the benefit of Subtenant under the Sublease, provided
that Subtenant is not in default under the Sublease beyond the expiration of any applicable notice and cure period. 
 4. In the
event of the termination of the Lease by reentry, notice, conditional limitation, surrender, summary proceeding or other action or proceeding, or otherwise, or, if the Lease shall terminate or expire for any reason before any of the dates provided
in the Sublease for the termination of the initial or renewal terms of the Sublease and if immediately prior to such surrender, termination or expiration the Sublease shall be in full force and effect, Subtenant shall not be made a party in any
removal or eviction action or proceeding nor shall Subtenant be evicted or removed of its possession or its right of possession of the Subleased Property Location be disturbed or in any way interfered with, and the Sublease shall continue in full
force and effect as a direct lease between Landlord and Subtenant. 
 5. Landlord hereby waives and relinquishes any and all
rights or remedies against Subtenant, pursuant to any lien, statutory or otherwise, that it may have against the property, goods or chattels of Subtenant in or on the Subleased Property Location. 

6. Any notices, consents, approvals, submissions, demands or other communications (hereinafter collectively referred to as
“Notice”) given under this Agreement shall be in writing, and may be given or be served by hand delivered personal service, or by depositing the same with a reliable overnight courier service or by deposit in the United States mail,
postpaid, registered or certified mail, and addressed to the party to be notified, with return receipt requested. Notice shall be effective upon actual receipt or refusal to accept delivery. For purposes of notice, the addresses of the parties
shall, until changed as herein provided, be as follows: 
 If to the Landlord, at: 

Attention:                    
     
 If to the Subtenant, at: 

  
 D-2

 Attention:
                                 

If to the Tenant: 
 Attention:
                                 

with a copy to: 

Attention:
                                 

7. No modification, amendment, waiver or release of any provision of this Agreement or of any right, obligation, claim or cause of action
arising hereunder shall be valid or binding for any purpose whatsoever unless in writing and duly executed by the party against whom the same is sought to be asserted. 
 8. This Agreement shall be binding on and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors, assigns and sublessees. 

[THIS SPACE INTENTIONALLY LEFT BLANK] 

  
 D-3

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed under seal the
date first above written. 
 WITNESS/ATTEST: 

							
		 		 	 LANDLORD:
  

, a        

		 		 	
				
		 		 	By:	 	 
		 		 	 Name:
	 	
		 		 	Title:	 	

  

							
		 		 	 SUBTENANT:
  

, a        

		 		 	
				
		 		 	By:	 	 
		 		 	 Name:
	 	
		 		 	Title:	 	

 TENANT’S CONSENT 

Tenant consents and agrees to the foregoing Agreement, which was entered into at Tenant’s request. The foregoing Agreement shall not
alter, waive or diminish any of Tenant’s obligations under the Lease or Sublease. Tenant is not a party to the above Agreement. 
  

							
		 		 	 TENANT:
  

, a        

		 		 	
				
		 		 	By:	 	 
		 		 	 Name:
	 	
		 		 	Title:	 	

  
 D-4

 LIST OF EXHIBITS 

If any exhibit is not attached hereto at the time of execution of this Agreement, it may thereafter be attached by written agreement of
the parties, evidenced by initialing said exhibit. 
 Exhibit “A” - Legal Description of the Property Location 

  
 D-5

 LANDLORD’S ACKNOWLEDGMENT 

 

					
	STATE
OF                                         
               	 	 :

:
	 	 SS

		 	 
	COUNTY OF                            
                        	 	:	 	

 On this, the        day of
                , 20    , before me a Notary Public in and for the State and County noted above, the undersigned officer, personally appeared
             , who acknowledged that he/she is the             of
                , a                 , and that he/she, being authorized to do so,
executed the foregoing instrument for the purposes therein contained by signing the name of the company by himself/herself as such officer. 
 In witness whereof, I hereunto set my hand and official seal. 
  

	
	______________________________________[Seal]
	Notary Public

 My Commission Expires: 
                 , 200     

  
 D-6

 SUBTENANT’S ACKNOWLEDGMENT 

 

					
	STATE OF ____________________________	 	:	 	
		 	:	 	SS
	COUNTY OF __________________________	 	:	 	

 On this, the        day
of                     , 20        , before me a Notary Public in and for the State and County noted above,
the undersigned officer, personally appeared                     , who acknowledged that
he/she                     is of                 , a
                , and that he/she, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the company by
himself/herself as such officer. 
 In witness whereof, I hereunto set my hand and official seal. 

 

	
	______________________________________[Seal]
	Notary Public

 My Commission Expires: 
                 , 200     

  
 D-7

 EXHIBIT E 
 FORM OF MORTGAGEE NON-DISTURBANCE AGREEMENT 
  

 
 (Lender)

 - and - 

  
  

(Tenant) 
  

 

SUBORDINATION, NON-DISTURBANCE AND 
 ATTORNMENT AGREEMENT 
  

			
	 Dated:
	 	
As of                    

  

	
	 PREPARED BY AND UPON

RECORDATION RETURN TO:

  
 E-1

 THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (this
“Agreement”) is made as of the     day of                 , 2006, by and between
                , a                 , having its principal place of business
at                    (together with its successors and/or assigns, “Lender”) and
                , a                 having an address at
                “Tenant”). 

RECITALS: 

A. Lender has advanced a loan to                 , a
                (“Borrower”) in the principal sum of             DOLLARS
($         ) (the “Loan”) advanced pursuant to that certain Loan Agreement of even date herewith between Borrower and Lender (together with all extensions, renewals, modifications,
substitutions and amendments thereof, the “Loan Agreement”). 
 B. The Loan is secured by, among other things,
the Security Instrument (as defined in the Loan Agreement) which grants Lender a first lien on the Properties (as defined in the Loan Agreement) encumbered thereby and is further evidenced by the Note (as defined in the Loan Agreement). 

C. Borrower has entered into a certain Lease Agreement dated as of the date hereof (the “Lease”) with Tenant, which
Lease relates to the Properties. 
 D. Tenant has agreed to confirm the subordination of the Lease to the Security Instrument
and to the liens thereof on the terms and conditions hereinafter set forth. 
 AGREEMENT: 

For good and valuable consideration, Tenant and Lender agree as follows: 

1. Subordination. The Lease is and shall at all times be subject and subordinate in all respects to the terms, covenants and
provisions of the Security Instrument and to the liens thereof, including without limitation, all renewals, increases, modifications, spreaders, consolidations, replacements and extensions thereof and to all sums secured thereby and advances made
thereunder with the same force and effect as if the Security Instrument had been executed, delivered and recorded prior to the execution and delivery of the Lease. 
 2. Non-Disturbance and Attornment. If Lender or any other subsequent purchaser of the Properties shall become the owner of the Properties by reason of the foreclosure of the Security
Instrument or the acceptance of a deed or assignment in lieu of foreclosure or by reason of any other enforcement of the Security Instrument (Lender or such other purchaser being hereinafter referred as “Purchaser”), provided
no event of default exists under the Lease, (a) Purchaser shall not (i) disturb Tenant’s possession of the Properties nor (ii) name Tenant as a party to any foreclosure or other proceeding to enforce the terms of the Security
Instrument and (b) any sale or other transfer of the Properties or of Borrower’s interest in the Lease, pursuant to foreclosure of the Security Instrument or the acceptance of a deed or assignment in lieu of foreclosure or by reason of any
other enforcement of the Security Instrument, will be subject and 

  
 E-2

 
subordinate to Tenant’s possession and rights under the Lease; and (c) the Lease shall not be terminated or affected thereby but shall continue in full force and effect as a direct
lease between Purchaser and Tenant upon all of the terms, covenants and conditions set forth in the Lease and in that event, Tenant agrees to attorn to Purchaser and Purchaser by virtue of such acquisition of the Properties shall be deemed to have
agreed to accept such attornment, provided, however, that Purchaser shall not be (i) liable for the failure of any prior landlord (any such prior landlord, including Borrower and any successor landlord, being hereinafter referred to as a
“Prior Landlord”) to perform any of its obligations under the Lease which have accrued prior to the date on which Purchaser shall become the owner of the Properties; (ii) subject to any offsets, defenses, abatements or
counterclaims which shall have accrued in favor of Tenant against any Prior Landlord prior to the date upon which Purchaser shall become the owner of the Properties; (iii) liable for the return of rental security deposits, if any, paid by Tenant to
any Prior Landlord in accordance with the Lease unless such sums are actually received by Purchaser; (iv) bound by any payment of rents, additional rents or other sums which Tenant may have paid more than one (1) month in advance to any
Prior Landlord unless such sums are actually received by Purchaser; (v) bound by any modification or amendment of the Lease, or any waiver of the terms of the Lease, made without Lender’s written consent; or (vi) any consensual or
negotiated surrender, cancellation, or termination of the Lease, in whole or in part, agreed upon between Borrower and Tenant, unless effected unilaterally by Tenant pursuant to the express terms of the Lease. Notwithstanding anything to the
contrary contained in this Agreement, in the case of clauses (i) and (ii) herein, the foregoing shall not limit either (1) Tenant’s right to exercise any offsets, defenses, claims, reductions, deductions or abatements otherwise
available to Tenant because of events occurring before or after the date of attornment to the extent Lender has received notice thereof and the opportunity to cure within the time periods set forth in this Agreement (it being further agreed that
offsets, reductions, deductions or abatements under the Lease that were deducted by Tenant prior to the date upon which Purchaser succeeds to the interest of Prior Landlord shall not be subject to challenge), or (2) Purchaser’s liability
for any defaults that continue after the date of attornment that violate Purchaser’s obligations as landlord under the Lease. In the event that any liability of Purchaser does arise pursuant to this Agreement, such liability shall be limited
and restricted to Purchaser’s interest in the Properties and shall in no event exceed such interest. 
 3.
Notices. All notices required or permitted hereunder shall be given and become effective as provided in Loan Agreement. Notices to the Tenant shall be addressed as follows: 

 

	
	Attention:
	Facsimile No.:

 and 

  
 E-3

	
	Attention:
	Facsimile No.:

 4. Lender’s Right of Access. Tenant agrees that Lender shall have the rights of access to the Properties for the purpose of curing a default under the Lease as granted to Borrower
pursuant to the terms of the Lease and Lender agrees not to disturb the normal business operations of Tenant at such Properties in connection therewith. 
 5. Notice to Lender. Notwithstanding anything to the contrary in the Lease or this Agreement, before exercising any offset right or termination right, Tenant agrees that it shall
deliver to Lender a copy of any written notice of the breach or default by Borrower giving rise to same (the “Default Notice”), and, thereafter, the opportunity to cure such breach or default as provided for below.

 6. Cure. After Lender receives a Default Notice, Lender shall have a period of thirty (30) days
beyond the time available to Landlord under the Lease in which to cure the breach or default by Borrower. Lender shall have no obligation to cure (and shall have no liability or obligation for not curing) any breach or default by Borrower, except to
the extent that Lender agrees or undertakes otherwise in writing. In addition, as to any breach or default by Lender the cure of which requires possession and control of a Property, provided that Lender undertakes by written notice to Tenant to
exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Lender’s cure period shall continue for such additional time (the “Extended Cure
Period”) as Lender may reasonably require to either: (a) obtain possession and control of the applicable Property with due diligence and thereafter cure the breach or default with reasonable diligence and continuity; or (b) obtain
the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default. 
 7.
Proceeds and Awards. Provided that Tenant is not in default under the terms of the Lease (beyond any applicable cure periods), Lender agrees that, notwithstanding any provision hereof to the contrary, the terms of the Lease shall
continue to govern with respect to the disposition of any insurance proceeds or eminent domain awards. 
 8.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of Lender, Tenant and Purchaser and their respective successors and assigns. 

9. Governing Law. This Agreement shall be deemed to be a contract entered into pursuant to the laws of the State of
                and shall in all respects be governed, construed, applied and enforced in accordance with the laws of the State
of                . 
 10.
Miscellaneous. This Agreement may not be modified in any manner or terminated except by an instrument in writing executed by the parties hereto. If any term, covenant or condition of this Agreement is held to be invalid, illegal or
unenforceable in any respect, this Agreement shall be construed without such provision. This Agreement may be executed in any number of duplicate originals and each duplicate original shall be deemed to be an original. This Agreement may be executed
in several counterparts, each of which 

  
 E-4

 
counterparts shall be deemed an original instrument and all of which together shall constitute a single Agreement. The failure of any party hereto to execute this Agreement, or any counterpart
hereof, shall not relieve the other signatories from their obligations hereunder. Whenever the context may require, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and
pronouns shall include the plural and vice versa. 
 [NO FURTHER TEXT ON THIS PAGE] 

  
 E-5

 IN WITNESS WHEREOF, Lender and Tenant have duly executed this Agreement as of the date first
above written. 
  

			
	[INSERT LENDER SIGNATURE BLOCK]
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	[INSERT TENANT SIGNATURE BOCK]
		
	By:	 	 
		 	Name:
		 	Title:

			
	 THE UNDERSIGNED ACCEPTS AND AGREES TO

THE PROVISIONS HEREOF:
  
 [INSERT LANDLORD SIGNATURE BLOCK]

		
	By:	 	 
		 	Name:
		 	Title:

 ACKNOWLEDGEMENTS 
 (To Be Attached) 

  
 E-6

 EXHIBIT F 
 FORM OF LANDLORD AGREEMENT 
 LANDLORD AGREEMENT 

Wachovia Bank, National Association, in its capacity as agent pursuant to the Loan Agreement (as defined below) acting for and on behalf
of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Agent”) and the parties to the Loan Agreement as lenders (collectively, together with their respective successors and assigns,
“Lenders”) have entered or are about to enter into financing arrangements with                    (“Debtor”) pursuant to which
Agent has been granted a security interest in all of Debtor’s and certain of its affiliates’ inventory and other personal property (hereinafter “Personal Property”). For purposes of this Agreement, the term “Personal
Property” does not include plumbing and electrical fixtures, heating, ventilation and air conditioning, wall and floor coverings, walls or ceilings and other fixtures not constituting trade fixtures. Some of the Personal Property has or may
from time to time become affixed to or be located on, wholly or in part, the real property leased by Debtor or its affiliates located at the addresses listed on Exhibit A attached hereto (collectively, the “Premises”).
                (“Landlord”) is the owner or lessor of the Premises. The term “Loan Agreement” as used herein shall mean the Loan and Security
Agreement by and among Debtor, certain of its affiliates, Agent and Lenders, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

In order for Agent and Lenders to consider making loans or providing other financial accommodations to Debtor or its affiliates in
reliance upon the Personal Property as collateral, the undersigned agree as follows: 
 1. Landlord waives and relinquishes any
landlord’s lien, rights of levy or distraint, claim, security interest or other interest Landlord may now or hereafter have in or with respect to any of the Personal Property, whether for rent or otherwise. 

2. Except as otherwise provided in the lease relating to the Premises between Landlord and Debtor as in effect on the date hereof (the
“Lease”), the Personal Property may be installed in or located on the Premises and is not and shall not be deemed a fixture or part of the real property but shall at all times be considered personal property. 

3. Agent, at its option, for itself and for the benefit of Lenders, may enter and use the Premises for the purpose of repossessing,
removing, selling or otherwise dealing with any of the Personal Property, and such license shall be irrevocable and shall commence on the date (the “Access Commencement Date”) which is the earlier of (w) five (5) business days
following Landlord’s receipt of written notice from Agent that Agent intends to enter the Premises pursuant to the rights granted to Agent hereunder or (x) five (5) business days following Agent’s receipt of written notice from
Landlord that the Lease has terminated in accordance with Section 4 hereof, and such license shall expire on the date (the “Access Termination Date”) that is ninety 

  
 F-1

 
(90) days after the Access Commencement Date; provided, that, (a) for each day from the Access Commencement Date through the earlier of the Access Termination Date or the date on
which Agent notifies Landlord in writing that Agent will not be or will no longer be using the Premises pursuant to the rights granted to it hereunder, Agent shall (i) maintain or cause to be maintained such insurance as is required by the
Debtor to be maintained as provided under the Lease, (ii) unless Landlord has otherwise been paid rent in respect of any such period, Agent shall pay the regularly scheduled rent (prorated on a per diem basis to be determined on a thirty
(30) day month) without thereby assuming the Lease or incurring any other Obligations of Debtor and, (iii) without duplication of the payments under clause (ii) above, pay or cause to be paid all utilities costs attributable to the
Premises in accordance with the terms and provisions of the Lease, without thereby assuming the Lease or incurring any other obligations of Debtor, (b) any damage to the Premises caused by Agent or its representatives will be repaired by Agent
at the sole expense of Lenders, (c) Agent agrees to indemnify, defend and hold Landlord harmless from and against any and all damages, losses, claims, judgments, liabilities, costs and expense (including reasonable attorneys’ fees and
expenses) resulting or arising from the activities of Agent on the Premises, except for those damages, losses, claims, judgments, liabilities, costs and expense caused by the gross negligence or willful misconduct of Landlord, and (d) Landlord
shall be entitled to inspect the Premises and to show the Premises to prospective tenants and purchasers from time to time. 

4. Landlord agrees to send notice in writing of any termination of, or default under, or abandonment or surrender under (which constitute
a default under the Lease) the Lease to: 
 Wachovia Bank, National Association, as Agent 

Heritage Square II, Suite 1050 
 5001 LBJ Freeway 
 Dallas, Texas 75244 

Attention: Portfolio Manager 
 Telephone No.: (214) 761 -9044 
 Telecopy No.: (214) 748-9118

 Agent shall have the right, but not the obligation, to cure any default by Debtor under the Lease in the manner and time period provided in
the Lease. Any payment made or act done by Agent to cure any such default shall not constitute an assumption of the Lease or any obligations of Debtor. Any notice required to be to Agent hereunder shall be directed to Agent at the address set forth
above in this Section 4 or such other address as Agent notifies Landlord in writing. 
 5. This Agreement may not be
changed or terminated orally or by course of conduct. Landlord shall notify any purchaser of the Premises or of its business of this Agreement and its terms. This Agreement is binding upon, and inures to the benefit of, Landlord, Debtor and Agent
and their respective successors and assigns. 
 6. Any notice required to be given to Landlord hereunder shall be directed to
Landlord at the address set forth under Landlord’s signature below or such other address as Landlord notifies Agent in writing. 

  
 F-2

 7. Entry by Agent or its agents or representatives upon the Premises shall not be deemed an
eviction or a disturbance of Debtor’s use and possession of the Premises or any part thereof, or render Landlord liable to Debtor for damages or abatement of rent or relieve Debtor from the responsibility of performing any of Debtor’s
obligations under the Lease, and Debtor shall have no right or claim against Landlord for or by reason of any such entry or inspection or removal or attempted removal of the Personal Property by Agent or its agents or representatives. 

8. This Agreement shall be governed by and construed in accordance with the laws of the States where the Premises are located.

 Dated this        day
of                 , 2006. 
  

			
	[NAME OF LANDLORD]
		
	By:	 	 
		
	Name:	 	
		
	Title:	 	
		
	Address:	 	
		 	

 Agreed: 
  

			
	[NAME OF DEBTOR]
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as Agent
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 F-3

 Exhibit A  
 Premises 
 1. 
 2. 
 3. 

  
 F-4

 ACKNOWLEDGMENT TO BE MADE BY LANDLORD 

(INDIVIDUAL) 

			
	STATE OF	 	ss:
	COUNTY OF:	 

 I,                 , a
Notary Public within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this         day of
                , 2006, personally appeared before me                 , the Landlord
named in the foregoing Landlord Agreement, to me personally known to be the person who signed said Landlord Agreement, who, being by me duly sworn and being informed of the contents of said Landlord Agreement, stated and acknowledged under oath that
he signed, executed, sealed and delivered same as his free and voluntary act and deed, for the uses, purposes and considerations therein mentioned and set forth. 
 WITNESS my hand and seal as such Notary Public the day and year in this certificate above written. 
  

	
	
	  
	Notary Public

  
 F-5

 LANDLORD ACKNOWLEDGMENT 

(PARTNERSHIP) 
  

			
	STATE OF	 	
		 	SS:
	COUNTY OF:	 	

 I,                 , a
Notary Public within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this         day of
                , 2006, personally appeared before
me                    and                 , the Landlord named in the
foregoing Landlord Agreement, to me personally known to be the person who signed said Landlord Agreement, stated and acknowledged under oath that they are Partners of
                     the Partnership named in and which executed the said Landlord Agreement, and that they signed, executed, sealed and delivered
same individually and on behalf of the said Partnership, with authority, as their and its free and voluntary act and deed for the uses, purposes and considerations therein mentioned and set forth. 

WITNESS my hand and seal as such Notary Public the day and year in this certificate above written. 

 

	
	
	  
	Notary Public

  
 F-6

 LANDLORD ACKNOWLEDGMENT 

(CORPORATION) 
  

			
	STATE OF	 	
		 	SS:
	COUNTY OF:	 	

 I,                 , a
Notary Public within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this         day
of                    , 2006, personally appeared before me
                (Name of Signer for Landlord) to me personally known to be the person who signed the foregoing Landlord Agreement, and who, being by me duly sworn and
being informed of the contents of said Landlord Agreement, stated and acknowledged to me under oath that he is                  (Title)
of                the Corporation named in and which executed the said Landlord Agreement, and that same was signed, sealed, executed and delivered by him in the name of
and on behalf of the said Corporation by authority of its Board of Directors and that the execution of said Landlord Agreement was his free and voluntary act and deed in his said capacity and acknowledged to me that said Corporation executed the
same as its voluntary and was by him voluntarily executed, on behalf of said Corporation for the uses, purposes and consideration therein mentioned and set forth. 
 WITNESS my hand and seal as such Notary Public the day and year in this certificate above written. 
  

	
	
	  
	Notary Public

  
 F-7

 DEBTOR ACKNOWLEDGMENT 

(CORPORATION) 
 STATE OF
                                     

                         
                                ss: 

COUNTY
OF:                                  

I,                      
                                         
                              , a Notary Public within and for said County, in the State aforesaid, duly
commissioned and acting, do hereby certify that on
this                                         
                                         
  
day of                                       
                                         
         , 2006, personally appeared before
me                                         
                                        (Name of Signer
for Debtor) to me personally known to be the person who signed the foregoing Landlord Agreement, and who, being by me duly sworn and being informed of the contents of said Landlord Agreement, stated and acknowledged to me under oath that he
is                                         
                                         
                   (Title)
of                                         
                                         
           the Corporation named in and which executed the said Landlord Agreement, and that same was signed, sealed, executed and delivered by him in the name of and on behalf of the said Corporation
by authority of its Board of Directors and that the execution of said Landlord Agreement was his free and voluntary act and deed in his said capacity and acknowledged to me that said Corporation executed the same as its voluntary and was by him
voluntarily executed, on behalf of said Corporation for the uses, purposes and consideration therein mentioned and set forth. 

WITNESS my hand and seal as such Notary Public the day and year in this certificate above written. 

 

	
	  
	Notary Public

  
 F-8

 AGENT ACKNOWLEDGMENT 
 STATE OF
                                     

                         
                                ss: 

COUNTY
OF:                                  

I,                      
                                         
                  , a Notary Public within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on
this         day of             2006, personally appeared before
me                                         
                (Name of Signer for Agent) to me personally known to be the person who signed the foregoing Landlord Agreement, and who, being by me duly sworn and being
informed of the contents of said Landlord Agreement, stated and acknowledged to me under oath that he
is                                         
                                         
                       (Title) of Wachovia Bank, National Association, the national association named in and which executed the said
Landlord Agreement, and that same was signed, sealed, executed and delivered by him in the name of and on behalf of the said national association by authority of its Board of Directors and that the execution of said Landlord Agreement was his free
and voluntary act and deed in his said capacity and acknowledged to me that said national association executed the same as its voluntary and was by him voluntarily executed, on behalf of said national association for the uses, purposes and
consideration therein mentioned and set forth. 
 WITNESS my hand and seal as such Notary Public the day and year in this
certificate above written. 
  

	
	  
	Notary Public

  
 F-9

 EXHIBIT G 
 FORM OF MEMORANDUM OF LEASE 
 This Instrument Prepared By and Upon 

Recordation return to: 
 Attention: 

MEMORANDUM OF LEASE 
 THIS MEMORANDUM OF LEASE (“Memorandum”) made as of the             day
of                         , 2006, by and
between                                     (“Tenant”), and
                                    ,
a(n)                                         
           (“Landlord”). 
 WITNESSETH: 

1. Premises. Landlord and Tenant have entered into a lease (“Lease”)
dated                     , 20         , for that certain real property lying, being and situate in
the County of                             , City
of                             , State
of                             , more particularly described on EXHIBIT A attached hereto and made a
part hereof, together with the buildings and improvements located thereon (the “Premises”). 
 2. Term and
Renewal Options. The Lease has an initial term of twenty (20) years, subject to extension (at Tenant’s option) as provided therein for two (2) successive additional periods of ten (10) years each. 

3. Incorporation of Lease. This Memorandum is for informational purposes only and nothing contained herein shall be deemed
to in any way modify or otherwise affect any of the terms and conditions of the Lease, the terms of which are incorporated herein by reference. This instrument is merely a memorandum of the Lease and is subject to all of the terms, provisions and
conditions of the Lease. In the event of any inconsistency between the terms of the Lease and this instrument, the terms of the Lease shall prevail. 
 4. Binding Effect. The rights and obligations set forth herein shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, personal representatives,
successors and assigns. 
 [Signatures follow on next page] 

  
 G-1

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

					
	 Witnesses or Attest (as to Landlord):
	  	LANDLORD:
			
		  		  	a(n)
		  		  	
		  	By:	  	 
		  		  	
		  	Print Name:
		  		  	
		  	Print Title:
		  		  	
		  	Date:                     , 20
		
	 Witnesses or Attest (as to Tenant):
	  	TENANT:
		
		  	a
		  		  	
		  	By:	  	 
		  		  	
		  	Print Name:
		  		  	
		  	Print Title:
		  		  	
		  	Date:                     ,
20                

  
 G-2

 STATE OF
                                    ) 

                         
                               ) SS: 
 COUNTY
OF                                 ) 

I, the undersigned, a Notary Public in and for said County in said State, hereby certify
that                                        
, whose name as                                    
of            , a                             ,
is signed to the foregoing instrument, who is known to me, acknowledged before me on this day that, being informed of the contents of the instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of
said                     . 

Given under my hand and official seal this         day
of                             , 20         

 

	
	 
	 Notary Public

	
State of                      
                                         
                                         
                                    

	 My Commission
expires:                                        
                    

	

 STATE OF
                                    ) 

                         
                               ) SS: 
 COUNTY
OF                                 ) 

I HEREBY CERTIFY that on this day before me, an officer duly authorized in the state and county named above to take acknowledgments,
personally
appeared                                        
                        
as                                         
               
    of                                     
                ,
a                                         
                , to me known to be the person who signed the foregoing instrument as such officer and he/she acknowledged that the execution thereof was his/her free act and
deed as such officer for the use and purposes therein expressed and that the instrument is the act and deed of
said                             . 
 WITNESS my hand and official seal this day of                     , 20     .

  
 G-3

 EXHIBIT H 
 STATE SPECIFIC PROVISIONS 
 None. 

  
 H-1

 EXHIBIT I 
 REQUIRED REPAIRS 
 [See attached] 

  
 I-1

																											
	 	  	 	 	 	  	 	  	 	  	 	  	 	 	  	 	 	  	 	 	  	 Immediate
 Repair Reserve
Amount
	 
	Item	  	Store #	 	City	  	St	  	Short Description	  	Additional Description	  	 	Qty	  	  	 
 	Unit of
Measure	  
  	  	 
 
 	Completed Items - Amt Paid
and submitted Proof of Pymt
to TriMont	  
  
  	  	 
 	Year
1 2006	  
  
	06-007-02	  	009	 	Marshfield	  	Wl	  	Electrical	  	Replace emergency generator. POC is uncertain if emergency generator is operational.	  	 	1	  	  	 	EA	  	  				  	$	1,000	  
	06-008-02	  	010	 	Marquette	  	Ml	  	Asphalt / Concrete Repairs	  	Some of the extruded curbs along the northwest entrance drive and main entrance aisles have been	  	 	400	  	  	 	LF	  	  				  	$	1,000	  
	06-021-03	  	026	 	Beloit	  	Wl	  	Exterior Building	  	Replace damaged section of steel barricade. Observed damage to steel barricade adjacent to truck dock.	  	 	1	  	  	 	LS	  	  				  	$	1,000	  
	06-034-02	  	039	 	Lincoln	  	NE	  	ADA Restrooms	  	Install Audio/Visual warning device in Men’s and Women’s restrooms.	  	 	1	  	  	 	LS	  	  				  	$	1,000	  
	06-042-01	  	051	 	Fort Atkinson	  	Wl	  	EIFS System	  	Damaged corner of EIFS soffit. Entire surface material has been damaged creating an opening into the metal
stud framing and sub structure.	  	 	1	  	  	 	LS	  	  				  	$	1,000	  
	06-044-02	  	053	 	North Platte	  	NE	  	Roof Repairs	  	Repair occasional leaks around HVAC curbs during heavy rains. (Qty 2)	  	 	1	  	  	 	LS	  	  				  	$	1,000	  
	06-061-04	  	070	 	Spokane	  	WA	  	Masonry Repairs	  	Replace several CMU blocks missing on the west side of the building.	  	 	1	  	  	 	LS	  	  				  	$	1,000	  
	06-076-02	  	089	 	Walla Walla	  	WA	  	Asphalt /Concrete Repairs	  	Replace concrete walkways for isolated areas where concrete is cracked and spalled at the entrances.	  	 	250	  	  	 	SF	  	  				  	$	1,000	  
	06-078-02	  	091	 	Logan	  	UT	  	Roof Repairs	  	Replace damaged and missing roof ballast pavers	  	 	1	  	  	 	LS	  	  				  	$	1,000	  
	06-092-05	  	107	 	West Bountiful	  	UT	  	Roof Repairs	  	Replace damaged and missing roof ballast pavers.	  	 	1	  	  	 	LS	  	  				  	$	1,000	  
	06-093-06	  	108	 	Spanish Fork	  	UT	  	Plumbing	  	Replace water heaters that are leaking and rusting with commercial grade water heaters-50 to 120 gallon.	  	 	1	  	  	 	LS	  	  	$	 1,000	  	  	$	1,000	  
	06-095-06	  	110	 	Salt Lake City	  	UT	  	Plumbing	  	Replace damaged electric water cooler in Storage room . (Qty 1)	  	 	1	  	  	 	EA	  	  				  	$	1,100	  
	06-123-02	  	SKO GO	 	Green Bay	  	Wl	  	ADA Parking	  	Adequate number of designated parking stalls and signage for vans not provided. (Qty 3)	  	 	3	  	  	 	EA	  	  				  	$	1,100	  
	06-053-01	  	062	 	Great Falls	  	MT	  	ADA Parking	  	Access aisles adjacent to parking spaces, crossing hazardous vehicle areas, from main roadways or public
transportation stops to the building sidewalks and	  	 	170	  	  	 	LF	  	  				  	$	1,105	  
	06-103-04	  	123	 	Houghton	  	Ml	  	Flooring	  	The wood flooring within the Pharmacy and Optical centers is warped and will require replacement. (Approximately
2,500 Square Feet)	  	 	2,500	  	  	 	SY	  	  				  	$	1,125	  
	06-079-05	  	092	 	Kennewick	  	WA	  	Exterior Caulking	  	Replace building caulk at areas observed with cracks in the CMU masonry expansion joints. (Approximately 1,100
Square Feet).	  	 	1,100	  	  	 	SF	  	  				  	$	1,155	  
	06-007-01	  	009	 	Marshfield	  	Wl	  	ADA Restrooms	  	Modify existing lavatory faucets to paddle type faucets. (Qty 4)	  	 	4	  	  	 	EA	  	  				  	$	1,200	  

																											
	 	 	 	 	 	 	 	 	 	 	  	 	  	 	 	  	 	  	 	 	  	Immediate
Repair Reserve
Amount	 
	 Item
	 	Store
#	 	 	 City
	 	St	 	Short Description	  	 Additional Description
	  	Qty	 	  	Unit of
Measure	  	Completed Items - Amt Paid
and submitted Proof of Pymt
to
TriMont	 	  	Year 1 2006	 
	 06-029-02
	 	 	034	  	 	Madison North	 	Wl	 	Interior Finishes	  	Wall finish and backup material below wall hung lavatories in the Men’s Restroom has been removed and requires repair. Repair and replace wall finish below lavatories to
match existing.	  	 	1	  	  	LS	  	$	1,200	  	  	$	1,200	  
	 06-053-04
	 	 	062	  	 	Great Falls	 	MT	 	Roof Repairs	  	According to the POC, there are small roof leaks located in the front half of the building.	  	 	1	  	  	LS	  				  	$	1,200	  
	 06-079-04
	 	 	092	  	 	Kennewick	 	WA	 	ADA Restrooms	  	Modify existing lavatory faucets to paddle type faucets. (Qty 4)	  	 	4	  	  	EA	  				  	$	1,200	  
	 06-084-05
	 	 	097	  	 	West Valley	 	UT	 	Asphalt / Concrete
Repairs	  	Replace concrete curbs at multiple parking lot island locations throughout parking lot. (Approximately 100 Linear Feet)	  	 	100	  	  	LF	  				  	$	1,200	  
	 06-084-06
	 	 	097	  	 	West Valley	 	UT	 	Asphalt / Concrete
Repairs	  	Crack seal concrete at excessive cracking in concrete paving at dock area. (Approximately 60 Linear Feet)	  	 	60	  	  	LF	  				  	$	1,200	  
	 06-101-04
	 	 	119	  	 	Dixon	 	IL	 	Gas Piping	  	Gas supply piping on roof and supplying roof-top HVAC units observed rusted and corroded. Scrape and paint piping. (Approximately 400 Linear Feet)	  	 	400	  	  	LF	  				  	$	1,200	  
	 06-084-04
	 	 	097	  	 	West Valley	 	UT	 	ADA Paths of
travel	  	Stair handrails do not extend beyond the top and/or bottom riser. (Cost per extension.) (Qty 7)	  	 	7	  	  	EA	  				  	$	1,225	  
	 06-093-07
	 	 	108	  	 	Spanish Fork	 	UT	 	Roof Repairs	  	Replace missing and damaged roof ballast pavers	  	 	1	  	  	LS	  				  	$	1,300	  
	 06-094-05
	 	 	109	  	 	Riverdale	 	UT	 	Roof Repairs	  	Replace damaged and missing roof ballast pavers	  	 	1	  	  	LS	  				  	$	1,300	  
	 06-009-05
	 	 	011	  	 	Kingsford	 	Ml	 	Door Replacement	  	Replace metal clad service and egress doors at rear of sales areas. (Qty 4)	  	 	4	  	  	EA	  				  	$	1,400	  
	 06-073-04
	 	 	086	  	 	Provo	 	UT	 	Dock Seals	  	Replace damaged dock seals (Qty 2)	  	 	2	  	  	EA	  	$	1,400	  	  	$	1,400	  
	 06-009-06
	 	 	011	  	 	Kingsford	 	Ml	 	Guard Rail	  	Scrape and paint guardrails, handrails, metal steps and dock leveling equipment with corrosion resistant paint. Corrosion is noted at metal guardrails, dock leveling equipment
and metal stairs in the loading dock area.	  	 	1	  	  	LS	  				  	$	1,500	  
	 06-012-03
	 	 	016	  	 	Escanaba	 	Ml	 	Roof Repairs	  	Replace and repair concrete walk pavers. Pavers are deteriorated around the roof top package units and along the edge of the roof areas. Some of the concrete pavers will require
immediate replacement and repairs with additional replacement during the evaluation period. (Approximately 500)	  	 	500	  	  	EA	  				  	$	1,500	  
	 06-055-04
	 	 	064	  	 	Nampa	 	ID	 	Plumbing	  	Perform video inspection of sanitary sewer piping and clean & repair clogged sanitary sewer piping. Toilets frequently clog up.	  	 	1	  	  	LS	  				  	$	1,500	  

																									
	 	 	 	 	 	 	 	 	 	 	  	 	  	 	 	  	 	  	 	  	Immediate
Repair
Reserve
Amount
	 
	 Item
	 	Store
#	 	 	City	 	St	 	Short Description	  	 Additional Description
	  	Qty	 	  	Unit of
Measure	  	Completed Items - Amt Paid
and
submitted Proof of Pymt
to TriMont	  	Year 1
2006	 
	 06-057-03
	 	 	066	  	 	Spokane	 	WA	 	Asphalt / Concrete
Repairs	  	Cut & Patch damaged asphalt paving at the north entrance drive. (Approximately 600 Square Feet)	  	 	600	  	  	SF	  		  	$	1,500	  
	 06-064-04
	 	 	075	  	 	Missoula	 	MT	 	Roof Repairs	  	Locate and repair the isolated minor roof leaks	  	 	1	  	  	LS	  		  	$	1,500	  
	 06-097-04
	 	 	112	  	 	Helena	 	MT	 	Roof Repairs	  	Locate and repair isolated roof leaks reported in a variety of locations. Recent repairs have not been tested by inclement weather.	  	 	1	  	  	LS	  		  	$	1,500	  
	 06-103-01
	 	 	123	  	 	Houghton	 	Ml	 	Asphalt / Concrete
Repairs	  	There are isolated areas of failure and deterioration, such as cracking and localized depressions at the southeast portion of the parking lot adjacent to the entry drive. The
damaged areas must be cut and patched in order to maintain the integrity of the overall pavement system. (Approximately 600 Square Feet)	  	 	600	  	  	SF	  		  	$	1,500	  
	 06-112-04
	 	 	140	  	 	Jacksonville	 	IL	 	Roof Repairs	  	Qualified roofing contractor to identify breach in roof flashing or sealant and correct. Investigate area near small moisture stains in acoustical ceiling tile of customer
men’s restroom. Active leak reported by POC at rear wall of warehouse/storage area during heavy rains. Plastic observed to deflect leakage.	  	 	1	  	  	LS	  		  	$	1,500	  
	 06-104-02
	 	 	125	  	 	Freeport	 	IL	 	Exterior Building	  	Install aluminum downspouts to grade and splash blocks; patch roof in affected areas. Exterior wall paint observed peeling and moisture stains apparent from water emptying
through open scupper holes in east and west exterior walls, and running along wall grade. (Qty 8)	  	 	8	  	  	EA	  		  	$	1,600	  
	 06-067-01
	 	 	080	  	 	Madison	 	Wl	 	Door Replacement	  	Replace commercial overhead door which is damaged. (Qty 1)	  	 	1	  	  	EA	  		  	$	1,750	  
	 06-101-03
	 	 	119	  	 	Dixon	 	IL	 	Asphalt / Concrete
Repairs	  	Asphalt work, with alligator cracking, holes, and depressions observed in north-south drive lane in front of main entrance (Approximately 2,000 Square Feet) and front drive lane
in front of Payless Shoes Sign (Approximately 1,500 Square Feet).	  	 	1,500	  	  	SF	  		  	$	1,750	  
	 06-112-03
	 	 	140	  	 	Jacksonville	 	IL	 	Door Replacement	  	Replace commercial overhead door at drive-in dock door on east elevation. Damaged. (Qty 1)	  	 	1	  	  	EA	  		  	$	1,750	  
	 06-015-02
	 	 	019	  	 	Watertown	 	Wl	 	Exterior Building	  	Concrete stair and associated metal railings are damaged. Concrete is cracked and spalling. Metal	  	 	1	  	  	LS	  		  	$	1,800	  
	 06-084-07
	 	 	097	  	 	West
Valley	 	UT	 	Asphalt / Concrete
Repairs	  	Replace damaged precast concrete perimeter wall coping where extensively damaged. (Approximately 120 Linear Feet)	  	 	120	  	  	LF	  		  	$	1,800	  
	 06-008-01
	 	 	010	  	 	Marquette	 	Ml	 	ADA Restrooms	  	Revise vanity to provide wheelchair access. (Qty 2)	  	 	2	  	  	EA	  		  	$	2,000	  

																											
	 	 	 	 	 	 	 	 	 	 	  	 	  	 	 	  	 	  	 	 	  	Immediate
Repair 
Reserve
Amount	 
	 Item
	 	Store
#	 	 	City	 	St	 	Short Description	  	 Additional Description
	  	Qty	 	  	Unit of
Measure	  	Completed Items -Amt Paid
and submitted Proof of Pymt
to
TriMont	 	  	Year 1
2006	 
	 06-052-02
	 	 	061	  	 	Saint Cloud	 	MN	 	Asphalt / Concrete
Repairs	  	Remove/replace isolated areas of cracking and spalling concrete at the sidewalk in front of the building, (Approximately 250 Square Feet)	  	 	250	  	  	SF	  				  	$	2,000	  
	 06-054-03
	 	 	063	  	 	Pocatello	 	ID	 	Roof Repairs	  	Repair several roof leaks reported.	  	 	1	  	  	LS	  				  	$	2,000	  
	 06-058-05
	 	 	067	  	 	Twin Falls	 	ID	 	Plumbing	  	Perform video inspection of sanitary sewer piping and clean & repair clogged sanitary sewer piping. Management reported frequent clogs and overflows in the
restrooms.	  	 	1	  	  	LS	  				  	$	2,000	  
	 06-091-08
	 	 	106	  	 	Billings	 	MT	 	Roof Repairs	  	Locate and repair leaks in rubber roof membrane. Isolated leaks located towards front of the building.	  	 	1	  	  	LS	  				  	$	2,000	  
	 06-123-04
	 	 
 	SKO
GO	  
  	 	Green Bay	 	Wl	 	Exterior Painting	  	Louvers require scraping and painting. Corrosion on metal louvers.	  	 	1	  	  	LS	  				  	$	2,000	  
	 06-094-04
	 	 	109	  	 	Riverdale	 	UT	 	Dock Seals	  	Repair dock seals which are extensively damaged.	  	 	3	  	  	EA	  				  	$	2,100	  
	 06-095-05
	 	 	110	  	 	Salt Lake
City	 	UT	 	Dock Seals	  	Replace damaged dock seals. (Qty 3)	  	 	3	  	  	EA	  				  	$	2,100	  
	 06-104-03
	 	 	125	  	 	Freeport	 	IL	 	Roof Repairs	  	Patch roof in affected areas. Moisture stains on acoustical ceiling tiles over cash registers. Active roof leaks reported in this area as well as leak over Toys/Sports area. POC
reports attempts to repair approximately 2 years ago. Three separate areas assumed in repair costs.	  	 	1	  	  	LS	  				  	$	2,250	  
	 06-091-01
	 	 	106	  	 	Billings	 	MT	 	ADA Auto Entrances /
Exits	  	Repair automatic door operator on right-most door in the main entrance. Door is currently not operable.	  	 	1	  	  	LS	  	$
 	 
2,300	  
  	  	$	2,300	  
	 06-013-03
	 	 	017	  	 	Saint Cloud	 	MN	 	Roof Repairs	  	According to the POC, the roof leaks during heavy rains. The actual number of leaks could not be	  	 	5	  	  	EA	  				  	$	2,500	  
	 06-020-01
	 	 	025	  	 	Marshall	 	MN	 	Asphalt / Concrete
Repairs	  	There are significant areas of failure and deterioration, such as cracking and localized depressions. (Approximately 1,000 Square Feet)	  	 	1,000	  	  	SF	  				  	$	2,500	  
	 06-026-03
	 	 	031	  	 	Kenosha	 	Wl	 	Roof Repairs	  	Roof leak in open sales area adjacent to Pharmacy Department. Appears to be associated with Rooftop HVAC condensate drainage.	  	 	1	  	  	LS	  				  	$	2,500	  
	 06-037-02
	 	 	045	  	 	Bellevue	 	NE	 	Asphalt / Concrete
Repairs	  	Cut and patch areas of asphalt with alligator cracking. (Approximately 1,000 Square Feet)	  	 	1,000	  	  	SF	  				  	$	2,500	  
	 06-038-03
	 	 	046	  	 	Omaha	 	NE	 	Asphalt / Concrete
Repairs	  	Cut and patch alligator cracked areas of pavement. (Approximately 1,000 Square Feet)	  	 	1,000	  	  	SF	  				  	$	2,500	  
	 06-115-04
	 	 	145	  	 	Monmouth	 	IL	 	Mold assessment	  	The building should be assessed for mold content and required remediation efforts. Subsequent required repairs are not included in the cost tables.	  	 	1	  	  	LS	  				  	$	2,500	  
	 06-063-03
	 	 	073	  	 	Union Gap	 	WA	 	ADA Elevators	  	Elevator communication equipment not set up for speech impaired communication. (Qty 1)	  	 	1	  	  	LS	  				  	$	2,600	  
	 06-058-03
	 	 	067	  	 	Twin Falls	 	ID	 	Asphalt / Concrete
Repairs	  	Replace concrete at the entrances where cracked and spalled. (Approximately 500 Square Feet)	  	 	500	  	  	SF	  				  	$	2,632	  

																									
	 	 	 	 	 	 	 	 	 	 	  	 	  	 	 	  	 	  	 	  	Immediate
Repair Reserve
Amount	 
	 Item
	 	Store
#	 	 	City	 	St	 	Short Description	  	 Additional Description
	  	Qty	 	  	Unit of
Measure	  	Completed Items - Amt Paid
and submitted Proof of Pymt
to
TriMont	  	Year 1 2006	 
	 06-084-08
	 	 	097	  	 	West
Valley	 	UT	 	Exterior Painting	  	Strip and repaint perimeter CMU walls where coating is non-adhering and excessively peeling. (Approximately 5,328 Square Feet)	  	 	5,328	  	  	SF	  		  	$	2,664	  
	 09-009-03
	 	 	011	  	 	Kingsford	 	Ml	 	Asphalt / Concrete
Repairs	  	Replace concrete curbs. Curbs at service area adjacent to the high school at northwest corner and at some perimeter areas where snow plow hit curb area damaged. (Approximately 300
Square Feet)	  	 	300	  	  	SF	  		  	$	2,700	  
	 06-103-02
	 	 	123	  	 	Houghton	 	Ml	 	Ceramic Tile	  	The ceramic tile in the Men’s Restroom has duct tape to hold tiles in place. Replacement of the restroom floor tiles is recommended. (Approximately 300 Square Feet)	  	 	300	  	  	SF	  		  	$	2,760	  
	 06-048-01
	 	 	057	  	 	Winona	 	MN	 	Asphalt / Concrete
Repairs	  	Repair/replace damaged concrete sidewalks and paving. Approximately 300 Square Feet)	  	 	300	  	  	SF	  		  	$	2,775	  
	 06-048-02
	 	 	057	  	 	Winona	 	MN	 	Asphalt / Concrete
Repairs	  	Replace damaged concrete curbs. (Approximately 450 Square Feet)	  	 	450	  	  	SF	  		  	$	2,775	  
	 06-109-03
	 	 	133	  	 	Belvidere	 	IL	 	Exterior Building	  	Collector heads and downspouts should be installed at openings in parapet walls on north and south of building to prevent water from running down the wall and causing paint cracking
and discoloration of exterior surface. Quantity of 8 downspouts required.	  	 	8	  	  	EA	  		  	$	2,800	  
	 06-023-01
	 	 	028	  	 	Kimberly	 	Wl	 	Asphalt / Concrete
Repairs	  	Replace damaged concrete with 5” reinforced concrete. There are isolated areas of cracks and vertically-displaced concrete at the loading docks. (Approximately 600 Square
Feet)	  	 	600	  	  	SF	  		  	$	3,000	  
	 06-102-04
	 	 	120	  	 	Monroe	 	Wl	 	HVAC Repairs	  	Replace compressors and/or components as necessary on units malfunctioning according to POC. (Qty 2)	  	 	2	  	  	EA	  		  	$	3,000	  
	 06-008-03
	 	 	010	  	 	Marquette	 	Ml	 	Asphalt / Concrete
Repairs	  	There are isolated areas of failure and deterioration, such as alligator cracking and localized depressions along the southeast corner of the auxiliary parking lot. The slope of the
area from NW to SE creates a worn area adjacent to the drain inlet. The damaged areas of paving must be cut and patched in order to maintain the integrity of the overall pavement system. (Approximately 1,250 Square Feet)	  	 	1,250	  	  	SF	  		  	$	3,125	  
	 06-054-01
	 	 	063	  	 	Pocatello	 	ID	 	Asphalt / Concrete
Repairs	  	Replaced damaged in areas where cracked at the Outdoor Lawn & Garden. (Approximately 800 Square Feet)	  	 	800	  	  	SF	  		  	$	3,200	  

																									
	 	 	 	 	 	 	 	 	 	  	 	  	 	 	  	 	  	 	 	  	Immediate
Repair 
Reserve
Amount	 
	 Item
	 	Store #	 	 City
	 	 St
	 	 Short Description
	  	 Additional Description
	  	Qty	 	  	 Unit of Measure
	  	Completed Items -Amt Paid
and submitted Proof of Pymt
to 
TriMont	 	  	Year 1 2006	 
	 06-057-04
	 	066	 	Spokane	 	WA	 	Asphalt /Concrete Repairs	  	Repair concrete walkways where cracked and spalled at the Outdoor Lawn & Garden and adjacent storage area.
(Approximately 400 Square Feet)	  	 	400	  	  	SF	  				  	$	3,200	  
	 06-031-01
	 	036	 	Rochester	 	MN	 	Asphalt /Concrete Repairs	  	Cut and patch holes in parking lot (Approximately 1,500 Square Feet)	  	 	1,500	  	  	SF	  				  	$	3,420	  
	 06-031-02
	 	036	 	Rochester	 	MN	 	Door Replacement	  	Replace metal entry doors/Emergency doors that are rusted out at the bottom. (Qty 6)	  	 	6	  	  	EA	  				  	$	3,420	  
	 06-032-02
	 	037	 	Chippewa Falls	 	Wl	 	Asphalt /Concrete Repairs	  	Isolated cracks and potholes throughout the asphalt paving. ( Approximately 1,500 Square Feet)	  	 	1,500	  	  	SF	  				  	$	3,750	  
	 06-023-01
	 	028	 	Kimberly	 	Wl	 	Asphalt /Concrete Repairs	  	Repair crack and displaced concrete floor slab in electronics area. (Approximately 1,000 Square Feet)	  	 	1,000	  	  	SF	  				  	$	4,000	  
	 06-004-02
	 	005	 	DePere	 	Wl	 	 Asphalt /Concrete Repairs
	  	Replace damaged concrete with 5” reinforced concrete. Cracks in pavement at loading docks (Approximately 1,000 square feet)	  	 	1,000	  	  	SF	  				  	$	5,000	  
	 06-007-04
	 	009	 	Marshfield	 	Wl	 	Site Plumbing	  	Repair water leak at main connection near Kalsched Street	  	 	1	  	  	LS	  	$	5,000	  	  	$	5,000	  
	 06-008-04
	 	010	 	Marquette	 	Ml	 	Asphalt / Concrete Repairs	  	Replace damaged concrete. There are significant areas of cracked and vertically displaced concrete, settlement, and exposed concrete edges throughout the
gas station’s pump area. The exposed concrete edges could cause sparks and hazardous conditions. When being plowed by snow removal equipment. The damaged areas of concrete will require replacement within the year, (approximately 1,000 Square
Feet)	  	 	1,000	  	  	SF	  				  	$	5,000	  
	 06-009-04
	 	011	 	Kingsford	 	Ml	 	Asphalt / Concrete Repairs	  	The catch basin inlet grate and the surrounding area has collapsed. Repairs required immediately. (Approximately 100 Square Feet)	  	 	100	  	  	SF	  				  	$	5,000	  
	 06-030-01
	 	035	 	Rochester	 	MN	 	Asphalt / Concrete Repairs	  	Cut and patch asphalt. Multiple potholes throughout the parking lot. Also, in the center of the parking lot near a catch basin, is a hole approximately 8” - 10” in
diameter that leads to the underground drainage, (approximately 2,000 Square Feet)	  	 	2,000	  	  	SF	  				  	$	5,000	  
	 06-033-01
	 	038	 	Grand Island	 	NE	 	Asphalt / Concrete Repairs	  	Deteriorated and cracked pavement in the south parking lot. (Approximately 2,000 Square Feet)	  	 	2,000	  	  	SF	  				  	$	5,000	  

																									
	 	 	 	 	 	 	 	 	 	  	 	  	 	 	  	 	  	 	 	  	Immediate
Repair 
Reserve
Amount	 
	 Item
	 	Store #	 	 City
	 	 St
	 	 Short Description
	  	 Additional Description
	  	Qty	 	  	 Unit of Measure
	  	Completed Items -Amt Paid
and submitted Proof of Pymt
to 
TriMont	 	  	Year 1 2006	 
	 06-034-07
	 	039	 	Lincoln	 	NE	 	Asphalt / Concrete Repairs	  	Alligator cracked pavement (approximately 2,000 Square Feet)	  	 	2,000	  	  	SF	  				  	$	5,000	  
	 06-057-05
	 	066	 	Spokane	 	WA	 	Roof Repairs	  	Repair all roof leaks in the storage area.	  	 	1	  	  	LS	  				  	$	5,000	  
	 06-079-06
	 	092	 	Kennewick	 	WA	 	Roof Repairs	  	Repair current roof leaks in several areas reported.	  	 	1	  	  	LS	  				  	$	5,000	  
	 06-054-02
	 	063	 	Pocatello	 	ID	 	Asphalt / Concrete Repairs	  	Replace damaged concrete in areas where paving is cracked and spalling. (Approximately 1,500 Square Feet)	  	 	1,500	  	  	SF	  				  	$	6,000	  
	 06-115-05
	 	145	 	Monmouth	 	IL	 	Roof Repairs	  	Replace asphalt shingle roof as it appears to be past EUL. (Approximately 52 Sq. )	  	 	52	  	  	SQ	  				  	$	6,240	  
	 06-018-02
	 	023	 	Hutchinson	 	MN	 	Asphalt / Concrete Repairs	  	There are potholes and significant areas of cracking and localized depressions throughout the asphalt paving. (Approximately 2,500 Square Feet)	  	 	2,500	  	  	SF	  				  	$	6,250	  
	 06-052-03
	 	061	 	Saint Cloud	 	MN	 	Asphalt / Concrete Repairs	  	Cut and patch asphalt in areas of isolated failure and deterioration, such as cracking and localized depressions throughout the parking area. (Approximately 2,500 Square
Feet)	  	 	2,500	  	  	SF	  				  	$	6,250	  
	 06-107-02
	 	130	 	River Falls	 	Wl	 	Asphalt / Concrete Repairs	  	Cut and patch asphalt as required for isolated cracks. (Approximately 2,500 Square Feet)	  	 	2,500	  	  	SF	  				  	$	6,250	  
	 06-049-01
	 	058	 	Worthington	 	MN	 	Roof Repairs	  	Remove aggregate in damaged areas and replace EPDM roofing membrane then replace aggregate. EPDM damaged due to wind.	  	 	1	  	  	LS	  	$	7,000	  	  	$	7,000	  
	 06-102-03
	 	120	 	Monroe	 	Wl	 	Exterior Walls	  	Replace blue synthetic accent tiles on the storefront which are cracked and discolored. (Approximately 1,250 Square Feet)	  	 	1,250	  	  	SF	  				  	$	7,500	  
	 06-123-05
	 	SKO
GO	 	Green Bay	 	Wl	 	Plumbing	  	Replace Gas/Oil boiler.	  	 	1	  	  	EA	  	$	7,850	  	  	$	7,850	  
	 06-044-01
	 	053	 	North Platte	 	NE	 	Asphalt / Concrete Repairs	  	Asphalt pavement deterioration, surface roughness, fine cracks (Approximately 110,000 Square Feet) 4/27/06-Moved from Capital to Expense due to final scope)	  	 	110,000	  	  	SF	  				  	$	8,800	  
	 06-115-03
	 	145	 	Monmouth	 	IL	 	Exterior Building	  	Replace wood siding and brick veneer. Building reportedly vacant for 15 years. Entire exterior in poor condition. Requires replacement. (Approximately 3,250 Square Feet)	  	 	3,250	  	  	SF	  				  	$	9,490	  

			00000000000		00000000000		00000000000		00000000000		00000000000			00000000000			00000000000			00000000000				00000000000	
	 	 	 	 	 	 	 	 	 	  	 	  	 	 	  	 	  	 	 	  	Immediate
Repair 
Reserve
Amount	 
	 Item
	 	Store #	 	 City
	 	 St
	 	 Short Description
	  	 Additional Description
	  	Qty	 	  	 Unit of Measure
	  	Completed Items -Amt Paid
and submitted Proof of Pymt
to 
TriMont	 	  	Year 1 2006	 
	 06-023-02
	 	028	 	Kimberly	 	Wl	 	Asphalt / Concrete Repairs	  	There are isolated areas of failure and deterioration, such as alligator cracking and localized depressions throughout the site. The damaged areas of paving must be cut and patched
in order to maintain the integrity of the overall pavement system. (Approximately 4,000 square feet)	  	 	4,000	  	  	SF	  				  	$	10,000	  
	 06-109-02
	 	133	 	Belvidere	 	IL	 	Asphalt / Concrete Repairs	  	East-West drive lane in front of main entrance observed with depressions, cracking, and excessively worn. Cut and patch asphalt as required. (Approximately 4,000 Square
Feet).	  	 	4,000	  	  	SF	  				  	$	10,000	  
	 06-013-02
	 	017	 	Saint Cloud	 	MN	 	Exterior Painting	  	Blistering of paint finish on exterior walls. Possibly due to lack of vapor barrier within wall. (Approximately 24,000 square feet)	  	 	24,000	  	  	SF	  				  	$	10,800	  
	 06-016-01
	 	021	 	Mankato	 	MN	 	Demolish wing wall and reconstruct	  	Major wall cracks on a wing wall near the loading dock garden outdoor sales area. Cracks only affect the integrity of the wing wall, not the structure of the building.	  	 	1	  	  	LS	  				  	$	12,000	  
	 06-048-03
	 	057	 	Winona	 	MN	 	Asphalt / Concrete Repairs	  	Cut and patch asphalt for isolated cracks, potholes, and depressions throughout parking lot. (Approximately 5,000 Square Feet)	  	 	5,000	  	  	SF	  				  	$	12,500	  
	 06-055-03
	 	064	 	Nampa	 	ID	 	ADA Paths of Travel	  	Add visual alarm to existing audible fire alarm system.	  	 	1	  	  	LS	  				  	$	12,500	  
	 06-058-04
	 	067	 	Twin Falls	 	ID	 	Asphalt / Concrete Repairs	  	Replace concrete at Outdoor Lawn & Garden where cracked and heaved. (Approximately 2,500 Square Feet)	  	 	2,500	  	  	SF	  				  	$	12,853	  
	 06-020-02
	 	025	 	Marshall	 	MN	 	Exterior Painting	  	Paint was observed to be blistering throughout the building. (Approximately 32,200 Square Feet)	  	 	32,200	  	  	SF	  				  	$	14,490	  
		 	SKO
Distribution
Center	 		 		 		  	Work completed prior to Barclays transaction - was removed from ShopKo List	  				  		  	$	15,000	  	  	$	15,000	  
	 06-068-03
	 	081	 	Yakima	 	WA	 	Roof Repairs	  	Reinforce membrane seams where failing, (approximately 718 Square)	  	 	718	  	  	SF	  				  	$	58,158	  
		 		 		 		 		  	  
	  				  		  	  
	  
	 	  	  
	  
	 
		 		 		 		 		  	Total Immediate Repairs:	  				  		  	$	40,750	  	  	$	426,562	  
		 		 		 		 		  	  
	  				  		  	  
	  
	 	  	  
	  
	 
		 		 		 		 		  		  				  		  	 	Amount for Reserve	  	  	$	482,265	  

 The deadline for completing the repairs set forth above shall be January 1, 2007 

 EXHIBIT J 
 FORM INCOME AND EXPENSE STATEMENT 
 FOR INDIVIDUAL PROPERTY LOCATION

 [Store Number], [CITY], [STATE] 
 STORE INCOME STATEMENT 
 [MONTH] 

TOTAL DEPTS 
  

															
	 	  	 	  	 	  	 	  	 	  	Dollar Variance (B/W)	  	Basis PT Variance (B/W)	 
	 FY 2005
	  	FY 2004	  		  	FY05 VS FY04	  	 	FY05 VS FY04	  
	 ACTUALS
	  	% SLS	  	ACTUALS	  	% SLS	  	ACCOUNT	  	ACTUALS	  	 	ACTUALS	  
		  		  		  		  	NET SALES	  		  			
	 	  	 	  	 	  	 	  	COST OF SALES	  	 	  	 	 	 
		  		  		  		  	SKU GROSS MARGIN	  		  			
	 	  	 	  	 	  	 	  	ALLOWANCES / SMART CLEARANCE	  	 	  	 	 	 
		  		  		  		  	MERCHANT MARGIN	  		  			
							
		  		  		  		  	ESTIMATED SHRINK EXPENSE	  		  			
		  		  		  		  	PHYSICAL INVENTORY ADJUST.	  		  			
	 	  	 	  	 	  	 	  	OTHER GM COMPONENTS	  	 	  	 	 	 
		  		  		  		  	FINANCE MARGIN	  		  			
		  		  		  		  		  		  			
	 	  	 	  	 	  	 	  	ADJUSTED GROSS MARGIN	  	 	  	 	 	 
							
		  		  		  		  	RENTAL INCOME	  		  			
	 	  	 	  	 	  	 	  	MISCELLANEOUS INCOME	  	 	  	 	 	 
		  		  		  		  	TOTAL OTHER INCOME	  		  			
							
		  		  		  		  	PAYROLL - EXEMPT	  		  			
	 	  	 	  	 	  	 	  	PAYROLL - NONEXEMPT	  	 	  	 	 	 
		  		  		  		  	TOTAL PAYROLL	  		  			
							
		  		  		  		  	BENEFITS & INSURANCE	  		  			
		  		  		  		  	PAYROLL TAXES	  		  			
		  		  		  		  	LOSS PREVENTION PAYROLL	  		  			
		  		  		  		  	WRAPPING & SUPPLIES	  		  			
		  		  		  		  	BANK CARD FEES	  		  			
		  		  		  		  	FREIGHT EXPENSE - STORES	  		  			
		  		  		  		  	MISCELLANEOUS - STORES	  		  			
		  		  		  		  	NET CASH SHORT/BAD DEBT	  		  			
		  		  		  		  	M&R STORE CONTROLLED	  		  			
		  		  		  		  	TELEPHONE	  		  			
		  		  		  		  	ELECTRIC, WATER & FUEL	  		  			
	 	  	 	  	 	  	 	  	MANAGER’S PIP	  	 	  	 	 	 
		  		  		  		  	TOTAL STORE CONTROLLED EXPENSES	  		  			
							
		  		  		  		  	M&R ISD CONTROLLED	  		  			
		  		  		  		  	WAREHOUSE EXPENSES	  		  			
		  		  		  		  	RENT EXPENSE	  		  			
		  		  		  		  	INSURANCE-PROP/WC/GL	  		  			
		  		  		  		  	PROPERTY TAXES	  		  			
		  		  		  		  	P & A ALLOWANCES	  		  			
		  		  		  		  	PRE-OPENING/EXTRANEOUS	  		  			
		  		  		  		  	DEPRECIATION/AMORTIZATION	  		  			
	 	  	 	  	 	  	 	  	TOTAL STORE EXP. & DEPREC.	  	 	  	 	 	 
							
	 	  	 	  	 	  	 	  	CONTRIBUTION TO CORPORATE PROFIT	  	 	  	 	 	 
		  		  		  		  	  
 LEASED SALES
	  		  			
		  		  		  		  	BOOK INVENTORY	  		  			
		  		  		  		  	NET PROPERTY & EQUIPMENT	  		  			

 FIRST AMENDMENT TO MASTER LEASE 

THIS FIRST AMENDMENT TO MASTER LEASE (the “Amendment”) is made and entered into effective as of the Effective Date
(defined below), by and between SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited liability company, and SPIRIT SPE PORTFOLIO 2006-2, LLC, a Delaware limited liability company, (collectively, “Landlord”), and
SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (“Tenant”). 
 Recitals

 WHEREAS, Landlord and Tenant entered into that certain Master Lease dated as of May 31, 2006, (the
“Lease”), with respect to the real property and improvements more particularly described in the Lease. Terms not defined in this First Amendment shall have the meanings given to them in the Lease. 

WHEREAS, Landlord and Tenant have agreed to (a) the subdivision (the “Subdivision”) of the Fee Property identified
as Store No. 84, 1553 West 9000 South, West Jordan, Utah 84088 on Exhibit A-l to the Lease (“West Jordan Fee Property”), into the following two (2) separate properties: (i) the “Out-Parcel” property
described on Schedule 1 attached hereto and incorporated herein (the “Out-Parcel Property”); and (ii) the remaining property described on Schedule 2 attached hereto and incorporated herein (the “Remaining
Property”); and (b) the sale of the Out-Parcel Property to a third party (“Third Party Sale”). 

WHEREAS, Landlord and Tenant wish to amend the Lease to remove the Out-Parcel Property therefrom, pursuant to the terms and conditions
hereof. 
 NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 
 1. Out-Parcel Property.
Landlord and Tenant agree that, effective upon the later of (a) the Subdivision, and (b) consummation of the Third Party Sale (the “Effective Date”), the legal description for the West Jordan Property attached as part
of Exhibit A-3 to the Lease shall be deleted in its entirety, and the new legal description for the West Jordan Fee Property, attached hereto and incorporated herein as Schedule 3, shall be substituted in lieu thereof. 

2. Ratification. Except as expressly stated herein, the Lease shall remain in full force and effect. If there is any
conflict between the Lease and the terms of this First Amendment, the terms of this First Amendment shall control. 

[Remainder of page intentionally left blank; signature page(s) to follow] 

  

 
			
	 LANDLORD:
  

SPIRIT SPE PORTFOLIO 2006-1, LLC

		
	By:	 	/s/ Michael T. Bennett
		
	Printed Name:	 	Michael T. Bennett
		
	Title:	 	Senior Vice President

  

			
	SPIRIT SPE PORTFOLIO 2006-2, LLC
		
	By:	 	/s/ Michael T. Bennett
		
	Printed Name:	 	Michael T. Bennett
		
	Title:	 	Senior Vice President

  

			
	 TENANT:
  

SHOPKO STORES OPERATING CO., LLC

		
	By:	 	/s/ James D. Constantine
		
	Printed Name:	 	James D. Constantine
		
	Title:	 	SVP/CFO

  

 CONSENT OF LENDER 

The foregoing First Amendment to Master Lease by and between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and
Spirit SPE Portfolio 2006-2, LLC, a Delaware limited liability company, and ShopKo Stores Operating Co., LLC, a Delaware limited liability company (the “First Amendment”) is hereby approved by the undersigned as required by
Section 5.1.17(a) of that certain Loan Agreement dated as of May 31, 2006, between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and Spirit SPE Portfolio 2006-2, LLC, a Delaware limited liability company,
collectively as Borrower thereunder, and Barclays Capital Real Estate Inc., and Citigroup Global Markets Realty Corp., collectively as Lender thereunder. 
 Dated as of December             , 2006 
  

			
	 LENDER:
  

BARCLAYS CAPITAL REAL ESTATE INC., a

Delaware corporation

		
	By:	 	 
		
	Name:	 	
		
	Title:	 	

  

			
	 CITIGROUP GLOBAL MARKETS REALTY
 CORP., a New York corporation

		
	By:	 	 
		
	Name:	 	
		
	Title:	 	

  

 LEASE SUPPLEMENT 

THIS LEASE SUPPLEMENT (this “Lease Supplement”) is made as of
March         , 2009, by and among SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (“Tenant”), and SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited
liability company, and SPIRIT SPE PORTFOLIO 2006-2, LLC, a Delaware limited liability company (individually and collectively, “Landlord”). 
 RECITALS: 
 WHEREAS, On May 31, 2006, Landlord and Tenant
entered into that certain Master Lease, as amended by that certain First Amendment to Master Lease with an effective date of December 14, 2006 and that certain Second Amendment to Master Lease of even date herewith (together with all amendments
thereto, the “Master Lease”). Pursuant to the Master Lease, Landlord leased to Tenant the Premises, as defined in the Master Lease. 
 WHEREAS, Tenant has requested that Landlord agree to defer the collection of a certain amount of Monthly Base Rent during the Deferral Period (as defined below) and Landlord, pursuant to the terms
and conditions set forth in this Lease Supplement, has agreed to such deferral as specified herein. 
 NOW THEREFORE, in
consideration of the mutual covenants and agreements hereinafter contained, the parties hereto agree as follows: 
 1.
Recitals. Notwithstanding any provision of any other or prior document to the contrary, the Recitals set forth above are hereby incorporated by reference, and Tenant and Landlord hereby acknowledge that the Recitals are true
and correct. 
 2. Definitions. Capitalized terms not otherwise defined herein shall
have the meaning ascribed to such terms in the Master Lease. 
 3. Deferral Period.

 (a) The Deferral Period shall commence effective as of January 1, 2009 and end on the earlier of
(i) a Default, (ii) the commencement of a case under Title 11 of the United States Code, et seq. (as the same may be amended) by or against Tenant, the appointment of a receiver for Tenant or the commencement of a similar insolvency
proceeding, (iii) a Control Event (as defined below), or (iv) December 1, 2010 (the “Deferral Period”). During the Deferral Period, Tenant shall (i) pay all Rent and other monetary obligations, including, without
limitation, Impositions, as and when due pursuant to the Master Lease except $500,000.00 of the Monthly Base Rent due on April 1, 2009 and $125,000.00 of the Monthly Base Rent due on the first day of each calendar month thereafter pursuant to
Section 4(A) of the Master Lease (each such excepted amount, as accrued, a “Deferral Amount” and, the aggregate amount of all Deferral Amounts as accrued during the Deferral Period, the “Deferral Amounts”);
(ii) fully and timely perform all obligations other than the Rent and other monetary obligations, including, without limitation, Impositions, under the Master Lease; and (iii) timely and fully perform its obligations under this Lease
Supplement. Until the end of the Deferral 

 
Period, Landlord shall defer from collecting the Deferral Amounts as and when due. During the Deferral Period, provided that there is no Default hereunder, Tenant shall not be deemed in default
under the Master Lease solely as a result of failure to pay the portion of the rent due under the Master Lease constituting the Deferral Amounts. 
 (b) For purposes hereof, the term “Control Event” shall mean the sale by Sun Capital Partners IV, LP or its affiliates of twenty percent (20%) or more of the voting equity interests
in SKO Group Holding, LLC (notwithstanding any sale of voting equity interests by either of Lubert-Adler Partners IV, LP or Elliot Management or their respective affiliates), provided, that the sale (by way of a Merger (as hereafter defined) or
otherwise) by Sun Capital Partners IV, LP or its affiliates of a majority of the equity interests of Tenant or of SKO Group Holding, LLC to Pamida Stores Operating Co., LLC or its affiliates or subsidiaries (collectively, “Pamida”)
or to any other affiliate of Sun Capital Partners, Inc. shall not be a Control Event. The term “Merger” shall mean a merger or reorganization of Tenant with Pamida. 
 4. Lease Supplement Payments. 
 (a)
Commencing on January 1, 2011 and continuing on the first day of each month thereafter to and including December 1, 2012, Tenant shall pay Landlord twenty- four (24) equal monthly installments (each, a “Lease Supplement
Payment”) on account of Monthly Base Rent that accrued and was due during the Deferral Period but was not paid. The amount of each Lease Supplement Payment shall be one-twenty-fourth (1/24) of the Deferral Amounts, together with an
annual rate of return equal to five percent (5.00%) compounded monthly effective from the applicable month in which each such Deferral Amount was deferred, provided that the Lease Supplement Payments may be adjusted in accordance with
Section 4(b) if the EBITDA (as defined below) thresholds described therein are not satisfied. Each Lease Supplement Payment constitutes Rent. Until there is a Default under this Lease Supplement or the Master Lease, Tenant may elect to satisfy
its obligation to pay Landlord the Lease Supplement Payments by making pre-payment of the amounts due under this Section 4 prior to the due dates of those Lease Supplement Payments. Upon Tenant’s satisfaction in full of its obligation to
pay all Lease Supplement Payments in accordance with the terms hereof, and provided Tenant is not otherwise in Default of its obligations under the Master Lease, the Rent due under Master Lease shall be deemed current. 

(b) Notwithstanding the foregoing, in each case, Tenant shall only be required to pay any Lease Supplement Payment to the
extent that the greater of (i) Tenant’s “EBITDA” (as defined in the ABL Loan Agreement (as defined below)) and (ii) Tenant’s “EBITDAR” less “EBITDAR Rent” under the Master Lease (the greater of such
numbers as used herein, “EBITDA”) for the last twelve month period shall be equal to or greater than $65,000,000.00 after giving effect to such Lease Supplement Payment; provided, that, if Tenant is subject to a Merger, the EBITDA
of the combined companies shall be equal to or greater than $90,000,000.00 after giving effect to such Lease Supplement Payment. In the event that Tenant’s EBITDA would be less than $65,000,000.00 (or $90,000,000.00 in the case of a Merger) at
such time of calculation (which calculation shall occur as required by the ABL Loan Agreement, but in no event less frequently than 

  
 2 

 
on a quarterly basis), after giving effect to such Lease Supplement Payment, then Landlord shall further defer the collection of Lease Supplement Payments until such time as Tenant’s EBITDA
would be equal to or greater than $65,000,000.00 (or $90,000,000.00 in the case of a Merger), after giving effect to the next such Lease Supplement Payment. In the event that Tenant would fail to satisfy the above-described EBITDA threshold as a
result of any Lease Supplement Payment, Tenant shall pay to Landlord the maximum amount of the Lease Supplement Payment that would be otherwise due and payable at such time that would allow Tenant to be in compliance with the above-described EBITDA
threshold. In the event that Landlord defers the collection of any Lease Supplement Payment pursuant to this paragraph or Tenant pre-pays any amounts due under Section 4(a), Landlord shall recalculate and increase or decrease the amount of the
remaining Lease Supplement Payments, as appropriate, utilizing an annual rate of five percent (5.00%) compounded monthly effective from the commencement of the Deferral Period. For each month that Landlord defers the collection of a Lease
Supplement Payment pursuant to this paragraph and provided that no Default or Control Event shall occur, there shall be an additional month added to the time period for which Tenant shall pay Lease Supplement Payments so that Landlord receives a
total of twenty-four (24) Lease Supplement Payments. 
 (c) For purposes hereof, the term “ABL Loan
Agreement” shall mean that certain Amended and Restated Loan and Security Agreement, dated February 28, 2007 by and among Wachovia Bank, National Association, a national banking association, Madeleine L.L.C., a Delaware limited
liability company, the parties to the ABL Loan Agreement as lenders ShopKo Properties, LLC, a Minnesota limited liability company, Penn-Daniels, LLC, a Delaware limited liability company, Tenant, ShopKo Holding Company, Inc., a Wisconsin
corporation, ShopKo Optical Manufacturing, LLC, a Wisconsin limited liability company, Specialty Retail Shops Holding Corp., a Delaware corporation formerly known as SKO Group Holding Corp., SVS Trucking, LLC, a Minnesota limited liability company,
ShopKo Ventures-Duluth, LLC, a Minnesota limited liability company, and Retained R/E SPE, LLC, a Delaware limited liability company, as the same may be amended, amended and restated, modified, supplemented or replaced from time to time, including by
way of a new credit facility upon consummation of a Merger. 
 5. Negative
Covenant. Until the earlier to occur of: (a) payment in full of the Lease Supplement Payments specified in Section 4 to Landlord or (b) the termination of the Master Lease: (i) no distribution from
Tenant to its immediate parent company shall be declared or paid, other than distributions to service tax obligations for Tenant’s consolidated tax group or for corporate maintenance expenses of such parent entity not to exceed $175,000 in any
twelve (12) month period (it being understood and agreed that such expenses are expenses of the parent company, and not of Sun Capital Partners, Inc., Sun Capital Partners IV, LP or Sun SKO, LLC and, therefore, are not due and payable to Sun
Capital Partners, Inc. or Sun Capital Partners IV, LP or Sun SKO, LLC); (ii) no dividend on any capital stock of the parent company of Tenant shall be declared or paid other than dividends to service tax obligations for Tenant’s
consolidated tax group or for corporate maintenance expenses of such parent entity not to exceed $175,000 in any twelve (12) month period (it being understood and agreed that such expenses are expenses of the parent company, and not of Sun
Capital Partners, Inc., Sun Capital Partners IV, LP or Sun 

  
 3 

 
SKO, LLC and, therefore, are not due and payable to Sun Capital Partners, Inc. or Sun Capital Partners IV, LP or Sun SKO, LLC); and (iii) Tenant shall not (x) authorize any increase in
any fees payable to Sun Capital Partners, Inc. or any affiliate thereof or (y) pay any increase in any fees payable to Sun Capital Partners, Inc. or any affiliate thereof, as of the date hereof, including, without limitation, a management fee;
provided, that, in the event of a Merger, Tenant may both authorize and pay fees to Sun Capital Partners, Inc. or any affiliate thereof at a level commensurate with current fees payable by Tenant to Sun Capital Partners, Inc. and its affiliates as
of the date hereof, plus the fees payable by Pamida to Sun Capital Partners, Inc. or any affiliate thereof, as of the date hereof. In the event Tenant is subject to a Merger, any payments made by Tenant to its parent companies or affiliates in
connection with any loans originally made to Pamida by such parent companies or affiliates are not distributions or dividends and are, therefore, not prohibited hereunder in any respect. 

6. Default. The failure of Tenant to pay or perform any obligation of Tenant when and as due pursuant to this Lease
Supplement or otherwise comply with the terms and provisions of this Lease Supplement shall, subject to the same notice, cure and waiver provisions of the Master Lease, be a Default under this Lease Supplement and a Default under the Master Lease. A
Default under the Master Lease shall, without further notice of any kind, be a Default under this Lease Supplement. Any breach of the terms and provisions of this Lease Supplement by Tenant or a Default under the Master Lease as a result of a breach
of the terms and provisions of this Lease Supplement may be cured, at Tenant’s election, by Tenant’s payment to Landlord, during any applicable cure period, if any, of all Deferral Amounts (together with an amount equal to five percent
(5.00%) compounded monthly effective from the applicable month in which each such Deferral Amount was deferred). The commencement of a case under Title 11 of the United States Code, et seq. (as the same may be amended) by or against Tenant, the
appointment of a receiver for Tenant or the commencement of a similar insolvency proceeding shall each constitute a Default without further notice. 
 7. Remedies and Deferral Termination. Upon a Default, Landlord’s deferral as provided herein shall terminate without further notice of any kind and Landlord shall immediately be
entitled to exercise all rights and remedies under the Master Lease. Upon a Control Event, Landlord’s deferral as provided herein shall terminate without further notice of any kind. 

8. Rent and Other Monetary Obligations. Notwithstanding Landlord’s deferral of collection of Rent as set forth herein,
all Rent and other monetary obligations, including, without limitation, Impositions, shall accrue and be due and owing as provided in the Master Lease. Upon the occurrence of a Default, subject to any applicable notice, cure and waiver provisions
under the Master Lease, or Control Event and the concurrent termination of Landlord’s deferral of Rent as set forth herein, all Rent and other monetary obligations, including, without limitation, Impositions, that have accrued under the Master
Lease but have not been paid by Tenant shall remain due and immediately owing pursuant to the Master Lease. 
 9.
Additional Reporting. In addition to the financial reporting and deliverables currently required under the Master Lease and during such time as any Lease Supplement Payments remain unpaid, Tenant shall deliver to Landlord:
(i) monthly financial statements (balance sheets and income statements) of Tenant in the same time and manner as may be 

  
 4 

 
required in the ABL Loan Agreement, and if not required under the ABL Loan Agreement, within 30 days after the end of each month, (ii) in a manner complying with any applicable provisions of
the ABL Loan Agreement, financial projections within sixty (60) days after the end of each fiscal year, (iii) copies of all notices received by Tenant under the ABL Loan Agreement within three (3) Business Days of Tenant’s
receipt thereof, and (iv) copies of all quarterly compliance certificates that may be required to be delivered by Tenant under the ABL Loan Agreement. All financial reporting, including, without limitation, the monthly financial information and
projections described above, shall be subject to the confidentiality provisions of Section 31.17 of the Master Lease. 

10. Lease Integration. Except as expressly provided herein, the Master Lease remains in full force and effect without
amendment or modification. Landlord and Tenant intend that the terms and conditions of this Lease Supplement are an integrated, non-severable part of the Master Lease. The references herein to “Lease Supplement or Master Lease” are for
convenience only and shall not limit or alter the intent that Lease Supplement is an integrated, non-severable part of the Master Lease. Nothing herein alters the intention of Landlord and Tenant that the Master Lease, together with the Lease
Supplement, is a true lease and not a financing lease, capital lease, mortgage, equitable mortgage, deed of trust, trust agreement, security agreement or other financing or trust arrangement and the economic realities of this Master Lease, together
with the Lease Supplement, are of a true lease. 
 11. Release. (a) IN CONSIDERATION OF LANDLORD’S
AGREEMENTS SET FORTH IN THIS LEASE SUPPLEMENT AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, TENANT ON BEHALF OF ITSELF AND ITS SUCCESSORS AND ASSIGNS HEREBY ABSOLUTELY, UNCONDITIONALLY
AND IRREVOCABLY RELEASES, REMISES AND FOREVER DISCHARGES LANDLORD, AND ITS SUCCESSORS AND ASSIGNS, AND ITS PRESENT AND FORMER SHAREHOLDERS, AFFILIATES, SUBSIDIARIES, DIVISIONS, PREDECESSORS, DIRECTORS, OFFICERS, ATTORNEYS, EMPLOYEES, AGENTS AND
OTHER REPRESENTATIVES (LANDLORD AND ALL SUCH OTHER PERSONS BEING HEREINAFTER REFERRED TO COLLECTIVELY AS THE “RELEASEES” AND INDIVIDUALLY AS A “RELEASEE”), OF AND FROM ALL DEMANDS, ACTIONS, CAUSES OF ACTION, SUITS,
COVENANTS, CONTRACTS, CONTROVERSIES, LEASE SUPPLEMENTS, PROMISES, SUMS OF MONEY, ACCOUNTS, BILLS, RECKONINGS, DAMAGES AND ANY AND ALL OTHER CLAIMS, COUNTERCLAIMS, DEFENSES, RIGHTS OF SET-OFF, DEMANDS AND LIABILITIES WHATSOEVER (INDIVIDUALLY, A
“CLAIM” AND COLLECTIVELY, “CLAIMS”) OF EVERY NAME AND NATURE, KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, BOTH AT LAW AND IN EQUITY, WHICH TENANT, ITS SUCCESSOR OR ASSIGNS MAY NOW OR HEREAFTER OWN, HOLD, HAVE OR
CLAIM TO HAVE AGAINST THE RELEASEES OR ANY OF THEM FOR, UPON, OR BY REASON OF ANY CIRCUMSTANCE, ACTION, CAUSE OR THING WHATSOEVER WHICH ARISES AT ANY TIME ON OR PRIOR TO THE DATE OF THIS LEASE SUPPLEMENT FOR OR ON ACCOUNT OF, OR IN RELATION TO, OR
IN ANY WAY IN CONNECTION WITH THE MASTER LEASE OR THIS LEASE SUPPLEMENT. 

  
 5 

 (b) TENANT UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT THE RELEASE SET FORTH ABOVE MAY BE
PLEADED AS A FULL AND COMPLETE DEFENSE AND MAY BE USED AS A BASIS FOR AN INJUNCTION AGAINST ANY ACTION, SUIT OR OTHER PROCEEDING WHICH MAY BE INSTITUTED, PROSECUTED OR ATTEMPTED IN BREACH OF THE PROVISIONS OF SUCH RELEASE. 

(c) TENANT AGREES THAT NO FACT, EVENT, CIRCUMSTANCE, EVIDENCE OR TRANSACTION WHICH COULD NOW BE ASSERTED OR WHICH MAY HEREAFTER BE
DISCOVERED SHALL AFFECT IN ANY MANNER THE FINAL, ABSOLUTE AND UNCONDITIONAL NATURE OF THE RELEASE SET FORTH ABOVE. 
 (d)
NOTWITHSTANDING THE FOREGOING, THE TERMS AND PROVISIONS OF THIS SECTION 11 AND THE RELEASE SET FORTH ABOVE SHALL IN NO WAY RELEASE ANY RELEASES FROM ANY CLAIM ARISING UNDER SECTION 31.17(g) OF THE MASTER LEASE OR CONSTITUTE A WAIVER OF ANY
OBLIGATIONS UNDER SECTION 31.17(g) OF THE MASTER LEASE. 
 12. Confidentiality. Tenant agrees not to disclose to
any person or party the terms or existence of this Lease Supplement and to keep the same strictly confidential. Tenant acknowledges that monetary damages would not be a sufficient remedy for any breach of this Section 12 and Landlord shall be
entitled to equitable relief, including, without limitation, injunction and specific performance in addition to all other remedies available to Landlord at law or equity. Notwithstanding the forgoing, Tenant may disclose the terms or existence of
this Lease Supplement to (i) Tenant’s shareholders, officers, members, directors, employees, vendors, lenders, accountants, attorneys and agents, and (ii) Sun Capital Partners, Inc. (and its affiliated management companies and its
affiliated funds) and its portfolio companies and their shareholders, officers, members, directors, employees, attorneys and agents (collectively (i) and (ii), the “Permitted Recipients”), provided Tenant uses commercially
reasonable efforts to have the Permitted Recipients keep the information confidential. This provision shall not apply to any part of the terms or existence of this Lease Supplement to the extent such information becomes part of the public domain
through no fault of Tenant or the Permitted Recipients. Nothing herein shall prohibit Tenant or a Permitted Recipient from disclosing information (i) to a government body under appropriate regulations or a court of law pursuant to a binding
court order; and (ii) in the Holding Reporting Financials or Tenant Reporting Financials to the extent that such information is included in order to comply with GAAP and distributing such financial statements in the ordinary course of business.

 13. Binding Effect. This Lease Supplement shall be binding upon Tenant and its
successors and assigns and inure to the benefit of Landlord and its successors and assigns. TIME IS OF THE ESSENCE OF THIS LEASE SUPPLEMENT. 
 14. Further Assurances. All parties to this Lease Supplement agree to promptly execute such reasonable additional documents and take such additional reasonable actions as may be reasonably
required to carry out the intentions of this Lease Supplement. 
 15. No Waiver; Amendments and Waivers.
Notwithstanding anything contained herein, Landlord does not now waive, nor does it agree that it will waive in the future, any 

  
 6 

 default or Default, and any waiver by Landlord of any default or Default will only be effective if in
writing and executed by Landlord. Subject to Landlord’s deferral under this Lease Supplement Landlord explicitly retains its rights and remedies under the Lease for any default or Default. 

16. Reviewed by Attorneys. Tenant represents and warrants to Landlord that it (a) understands fully the terms of this
Lease Supplement and the consequences of the execution and delivery of this Lease Supplement, (b) has been afforded an opportunity to have this Lease Supplement reviewed by, and to discuss this Lease Supplement and any document executed in
connection herewith with, such attorneys and other persons as Tenant may wish, and (c) has entered into this Lease Supplement and executed and delivered all documents in connection herewith of their own free will and accord and without threat,
duress or other coercion of any kind by any person. The parties hereto acknowledge and agree that neither this Lease Supplement nor the other documents executed pursuant hereto shall be construed more favorably in favor of one than the other based
upon which party drafted the same, it being acknowledged that all parties hereto contributed substantially to the negotiation and preparation of this Lease Supplement and the other documents executed pursuant hereto or in connection herewith.

 17. Entire Lease Supplement. This Lease Supplement contains the entire Lease Supplement between the parties
relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. 
 18.
Headings. The paragraph titles of this Lease Supplement are for convenience only and shall not define or limit any of the provisions hereof. 
 19. Counterparts. This Lease Supplement may be executed in multiple counterparts, all of which taken together shall constitute one instrument. 

20. Fees and Expenses. Each party hereto shall pay its own costs and expenses, including
attorneys’ fees and expenses, incurred in connection with entering into this Lease Supplement. 
 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK; 
 EXECUTION PAGE FOLLOWS] 

  
 7 

 IN WITNESS WHEREOF, each of the parties hereto has entered into this Lease
Supplement as of the date first above written. 
  

					
		 	LANDLORD:
		
		 	 SPIRIT SPE PORTFOLIO 2006-1, LLC, a
 Delaware limited liability company

			
		 	By:	 	/s/ Michael T. Bennett
		 	Printed Name:	 	Michael T. Bennett
		 	Title:	 	Senior Vice President

  

					
		 	 SPIRIT SPE PORTFOLIO 2006-2, LLC, a
 Delaware limited liability company

			
		 	By:	 	/s/ Michael T. Bennett
		 	Printed Name:	 	Michael T. Bennett
		 	Title:	 	Senior Vice President

  

					
		 	TENANT:
		
		 	 SHOPKO STORES OPERATING CO., LLC, a
 Delaware limited liability company

			
		 	By:	 	/s/    Mary Meixelsperger        
		 	Printed Name:	 	Mary Meixelsperger
		 	Title:	 	SVP-CFO

 [EXECUTION PAGE OF LEASE SUPPLEMENT] 

  

 

 
 April 30, 2007 
 VIA FACSIMILE 
 ShopKo Stores Operating Co., LLC 

700 Pilgrim Way 
 Green Bay, Wisconsin 54304

 Attention: Mr. Peter G. Vandenhouten 
  

	 	Re:	Master Lease Agreement dated May 31, 2006 (the “Lease Agreement”), between ShopKo Stores Operating Co., LLC, as tenant
(“Lessee”), and Spirit SPE Portfolio 2006-1, LLC and Spirit SPE Portfolio 2006-2, LLC, as landlord (collectively, “Lessor”) 

 Dear Pete: 
 The purpose of this letter is to set forth an agreement (the
“Letter Agreement”) between Lessor and Tenant with respect to Lessee’s financial reporting requirements under Section 31.17(d) of the Lease Agreement. By execution of this Letter Agreement, Lessor and Lessee agree as
follows: 
 (a) Lease Guaranty. Lessee shall cause its indirect parent, Specialty Retail Shops Holding Corp., a Delaware
corporation (“Specialty Retail”), to unconditionally guaranty the Lease Agreement and execute an Unconditional Guaranty of Payment and Performance in substantially the form of Exhibit A attached hereto and incorporated
herein (the “Guaranty”). The Guaranty shall be made effective as of December 29, 2006. 
 (b) Financial
Statements. Upon delivery of the Guaranty to Lessor by Specialty Retail, Lessor agrees to accept the consolidated financial statements of Specialty Retail in lieu of Tenant’s financial statements required under Section 31.17(d) of the
Lease Agreement, but only until, the earlier of the date as of which (x) the Guaranty is no longer in full force and effect or (y) the U.S. Securities and Exchange Commission (“SEC”) requires the inclusion of Lessee’s
financial statements (rather than the consolidated financial statements of Specialty Retail) in the SEC reports of Spirit Finance Corporation. The consolidated financial statements of Specialty Retail shall be prepared in accordance with the
requirements for Tenant’s financial statements as set forth in the Lease Agreement. 

 (c) Costs. Lessee shall be responsible for the payment of all costs and
expenses incurred by Lessor in connection with the negotiation of this Letter Agreement and related Guaranty, including but not limited to Lessor’s attorney fees and any servicer or special servicer fees. 

This Letter Agreement may be executed in counterparts. Nothing contained in this Letter Agreement shall modify any other terms of the
Lease Agreement. 
 Please acknowledge your agreement with the foregoing terms by executing this Letter Agreement in the space
provided below. 
  

			
	Very truly yours,
	
	SPIRIT SPE PORTFOLIO 2006-1, LLC,
	a Delaware limited liability company
		
	By:	 	/s/ Michael T. Bennett
		
	Name:	 	Michael T. Bennett
	Its: 	 	Senior Vice President
	
	SPIRIT SPE PORTFOLIO 2006-2, LLC,
	a Delaware limited liability company
		
	By:	 	/s/ Michael T. Bennett
		
	Name:	 	Michael T. Bennett
	Its: 	 	Senior Vice President

  

			
	ACCEPTED AND AGREED TO:
	this             day of April, 2007
	
	SHOPKO STORES OPERATING CO., LLC,
	a Delaware limited liability company
		
	By:	 	/s/ James D. Constantine
		
	Printed Name:	 	James D. Constantine
		
	Its:	 	SVP/CFO

  
 2 

 EXHIBIT A 
 Unconditional Guaranty of Payment and Performance 

 UNCONDITIONAL GUARANTY OF PAYMENT AND PERFORMANCE 

This UNCONDITIONAL GUARANTY OF PAYMENT AND PERFORMANCE (this “Guaranty”) is made as of December 29, 2006, by
SPECIALTY RETAIL SHOPS HOLDING CORP., a Delaware corporation (the “Guarantor”), for the benefit of SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited liability company and SPIRIT SPE PORTFOLIO 2006-2, LLC, a
Delaware limited liability company (together with their successors and assigns under the Lease (as defined below), “Lessor”). 
 RECITALS 
 A. Lessor and Shopko Stores Operating Co., LLC, a Delaware
limited liability company (“Lessee”), have entered into that certain Master Lease Agreement dated as of May 31, 2006 (as the same may be amended from time to time, the “Lease”), pursuant to which Lessor leases to Lessee the
real property described on Exhibit B thereto and the improvements located thereon (collectively, the “Properties”) to Lessee. 
 B. Lessee is obligated under the Lease to deliver certain financial statements to Lessor on a quarterly and annual basis. 
 C. Lessee has requested that Lessor accept the consolidated financial statements of Guarantor, Lessee’s parent company, in lieu of separate financial statements of Lessee. 

D. As Lessee’s parent company, Guarantor derives substantial benefit from the Lease and has agreed to guaranty Lessee’s
obligations under the Lease in consideration for Lessor’s willingness to accept Guarantor’s consolidated financial statements in lieu of requiring Lessee to prepare separate financial statements. 

E. Lessor is willing to accept the delivery of Guarantor’s consolidated financial statements complying with the terms and provisions
of the Lease in lieu of requiring Lessee to deliver separate financial statements but only for so long as this Guaranty is in full force and effect or until otherwise required by the U.S. Securities and Exchange Commission. 

F. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Lease. 

In consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
and in consideration of the recitals above, which are incorporated below, and in order to induce the Lessor to accept Guarantor’s consolidated financial statements, Guarantor hereby agrees as follows; 

1. Guaranty. Guarantor, unconditionally, absolutely and irrevocably guarantees the punctual and complete payment and performance
when due to Lessor of all Monetary Obligations, including, without limitation, Rental, taxes, insurance premiums, impounds, reimbursements, late charges, default interest, damages, indemnity obligations and all other amounts, costs, fees, expenses
and charges of any kind or type whatsoever, which may or at any time be due to Lessor under or pursuant to the documents listed on Exhibit A attached hereto 

 
(collectively, the “Documents”). Guarantor also unconditionally guarantees the truthfulness and accuracy of all representations, warranties and certifications of Lessee, the
satisfaction of all conditions by Lessee and the full and timely performance of all obligations to be performed by Lessee, under or pursuant to the Documents (the matters which are guaranteed pursuant to this section are hereinafter collectively
referred to as the “Obligations”). The obligations of Guarantor under this Guaranty are primary and independent of the obligations of Lessee and any other guarantor of the Obligations, and a separate action or actions may be brought and
executed against Guarantor or any other such guarantor, whether or not such action is brought against Lessee or any other such guarantor and whether or not Lessee or any other such guarantor be joined in such action or actions. 

2. Waivers. This is an absolute and unconditional guaranty of payment and performance and not of collection and Guarantor
unconditionally (a) waives any requirement that Lessor first make demand upon, or seek to enforce or exhaust remedies against, Lessee or any other person or entity (including any other guarantor) or any of the collateral or property of Lessee
or such other person or entity before demanding payment from, or seeking to enforce this Guaranty against, Guarantor; (b) waives all rights of subrogation, all rights of indemnity and any other rights to collect reimbursement from Lessee;
(c) waives any right to participate in any security now or hereafter held by Lessor or in any claim or remedy of Lessor or any other person against Lessee with respect to the Obligations; (d) waives diligence, presentment, protest, demand
for performance, notice of nonperformance, notice of intent to accelerate, notice of acceleration, notice of protest, notice of dishonor, notice of execution of any Documents, notice of extension, renewal, alteration or amendment, notice of
acceptance of this Guaranty, notice of defaults under any of the Documents and all other notices whatsoever; (e) waives and agrees not to assert any and ail rights, benefits and defenses which might otherwise be available under the provisions
of any applicable laws, statutes or rules (including any laws, statutes or rules amending, supplementing or supplanting same) in any state in which any Property is located which may conflict with the terms of this Guaranty or might operate, contrary
to Guarantor’s agreements in this Guaranty, to limit Guarantor’s liability under, or the enforcement of, this Guaranty; and (f) covenants that this Guaranty will not be discharged until all of the Obligations are fully satisfied.

 3. Continuing Guaranty. This Guaranty is a continuing guaranty, and the obligations, undertakings and conditions to be
performed or observed by Guarantor under this Guaranty shall not be affected or impaired by reason of the happening from time to time of the following with respect to the Documents, all without notice to, or the further consent of, Guarantor:
(a) the waiver by Lessor of the observance or performance by Lessee or Guarantor of any of the obligations, undertakings, conditions or other provisions contained in any of the Documents, except to the extent of such waiver; (b) the
extension, in whole or in part, of the time for payment of any amount owing or payable under the Documents; (c) the modification or amendment (whether material or otherwise) of any of the obligations of Lessee under, or any other provisions of,
any of the Documents, except to the extent of such modification or amendment; (d) the taking or the omission of any of the actions referred to in any of the Documents (including, without limitation, the giving of any consent referred to
therein); (e) any failure, omission, delay or lack on the part of Lessor to enforce, assert or exercise any provision of the Documents, including any right, power or remedy conferred on Lessor in any of the Documents or any action on the part
of Lessor granting indulgence or extension in any form; 

  
 2 

 
(f) the assignment to or assumption by any third party of any or all of the rights or obligations of Lessee under all or any of the Documents; (g) the release or discharge of Lessee from the
performance or observance of any obligation, undertaking or condition to be performed by Lessee under any of the Documents by operation of law, including any rejection or disaffirmance of any of the Documents in any bankruptcy or similar
proceedings; (h) the receipt and acceptance by Lessor or any other person or entity of notes, checks or other instruments for the payment of money and extensions and renewals thereof; (i) any action, inaction or election of remedies by
Lessor which results in any impairment or destruction of any subrogation rights of Guarantor, or any rights of Guarantor to proceed against any other person or entity for reimbursement; (j) any setoff, defense, counterclaim, abatement,
recoupment, reduction, change in law or any other event or circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor, indemnitor or surety under the laws of any state in which any Property is located or
any other jurisdiction; and (k) the termination or renewal of any of the Obligations or any other provision thereof. 
 4.
Representations and Warranties. Guarantor represents and warrants to Lessor that: (a) after giving effect to the consent granted by Guarantor’s existing senior lenders contemporaneously herewith, neither the execution nor delivery
of this Guaranty nor fulfillment of nor compliance with the terms and provisions hereof will conflict with, or result in a breach of the terms or conditions of, or constitute a default under, any agreement or instrument to which Guarantor is now a
party or by which Guarantor may be bound, or result in the creation of any lien, charge or encumbrance upon any property or assets of Guarantor, which conflict, breach, default, lien, charge or encumbrance could result in a material adverse change
in the financial condition of Guarantor; (b) after giving effect to the consent granted by Guarantor’s existing senior lenders contemporaneously herewith, no further consents, approvals or authorizations are required for the execution and
delivery of this Guaranty by Guarantor or for Guarantor’s compliance with the terms and provisions of this Guaranty; (c) this Guaranty is the legal, valid and binding agreement of Guarantor and is enforceable against Guarantor in
accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, liquidation, reorganization and other laws affecting the rights of creditors generally and subject to general principles of equity;
(d) Guarantor has the full power, authority, capacity and legal right to execute and deliver this Guaranty, and, to the extent Guarantor is a corporation, partnership, limited liability company or other form of entity, the parties executing
this Guaranty on behalf of Guarantor are fully authorized and directed to execute the same to bind Guarantor; (e) Guarantor is not a “foreign individual,” “foreign corporation,” “foreign partnership,” “foreign
limited liability company,” “foreign trust,” or “foreign estate,” as those terms are defined in the U.S. Internal Revenue Code and the regulations promulgated thereunder; (f) Guarantor is not a party with whom a citizen
of the United States is prohibited from engaging in transactions by any trade embargo, economic sanction or other prohibition of United States law, regulation or Executive Order of the President of the United States; and (g) Guarantor will
furnish Lessor complete financial statements of Guarantor in accordance with the requirements of Section 31.17(d) of the Lease and any other applicable section of the Lease requiring, or with respect to, the delivery of Lessee financial
information. 
 5. Nature of Guaranty. This Guaranty shall commence upon the execution and delivery hereof
and shall continue in full force and effect until all of the Obligations are duly, finally and permanently paid, performed and discharged and are not subject to any right of 

  
 3 

 
extension by Lessee, and Lessor gives Guarantor written notice of the full and final satisfaction of the Obligations. The Obligations shall not be considered fully paid, performed and discharged
unless and until all payments by Lessee to Lessor are no longer subject to any right on the part of any person whomsoever, including but not limited to Lessee, Lessee as a debtor in possession and/or any trustee in bankruptcy, to disgorge such
payments or seek to recoup the amount of such payments or any part thereof. This Guaranty shall remain in full force and effect and continue to be effective upon an Insolvency Event. This Guaranty shall continue to be effective or be reinstated, as
applicable, if at any time payment and performance of the Obligations, or any part thereof, are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by Lessor, whether as a “voidable
preference”, “fraudulent conveyance” or otherwise, all as though such payment or performance had not been made. In the event that any payment of the Obligations, or any part thereof, is rescinded, reduced, restored or returned, the
Obligations shall be reinstated and deemed reduced only by such amount paid to Lessor and not so rescinded, reduced, restored or returned. 
 6. Subordination. [Deleted]. 
 7. Authority. It is not necessary for
Lessor to inquire into the powers of Lessee or its officers, directors, partners or agents acting or purporting to act on its behalf, and Guarantor shall be liable for the Obligations in accordance with their terms notwithstanding any lack of
authorization or defect in execution or delivery by Lessee. 
 8. Attorneys’ Fees and Costs. In addition to the
amounts guaranteed under this Guaranty, Guarantor agrees to pay (a) all of Lessor’s Costs and (b) interest (including postpetition interest to the extent a petition is filed by or against Lessee under the Code) at the Default Rate on
any Obligations not paid when due. Guarantor hereby agrees to indemnify and hold harmless Lessor for, from and against all Losses suffered or occasioned by the failure of Lessee to satisfy its obligations under the Documents. All moneys available to
Lessor for application in payment or reduction of the liabilities of Lessee under the Documents may be applied by Lessor to the payment or reduction of such liabilities of Lessee, in such manner, in such amounts and at such time or times as Lessor
may elect. 
 9. Notice. All notices, demands, designations, certificates, requests, offers, consents, approvals,
appointments and other instruments given pursuant to this Guaranty (collectively called “Notices”) shall be in writing and given by any one of the following: (a) hand delivery, (b) express overnight delivery service,
(c) certified or registered mail, return receipt requested or (d) electronic mail message, provided that a copy of such electronic mail message is also sent via certified or registered mail, return receipt requested, within one Business
Day of the transmission of such electronic mail message, and shall be deemed to have been delivered upon (i) receipt, if hand delivered, (ii) the next Business Day, if delivered by a reputable express overnight delivery service,
(iii) the third Business Day following the day of deposit of such notice with the United States Postal Service, if sent by certified or registered mail, return receipt requested, or (iv) transmission, if delivered by electronic mail
pursuant to the requirements of Section 9(d) above. Notices shall be provided to the parties and addresses (or electronic mail addresses) specified below: 

  
 4 

			
		
	If to Guarantor:	  	 Specialty Retail Shops Holding Corp.
 c/o ShopKo Holding Company, Inc.
 700 Pilgrim Way

Green Bay, Wisconsin
 Attention:
President
 Telephone No.: (920) 429-2211
 Telecopy No.: (920) 429-7401

		
	With a copy to:	  	 Sun Capital Partners, Inc.

5200 Tower Center Circle
 Suite 470

Boca Raton, Florida 33486
 Attention: Michael
Fieldstone and
                   C. Deryl Couch,
Esq.
 Telephone No.: (561) 394-0550

Telecopy No.: (561) 394-0540

		
	With a copy to:	  	 Morgan, Lewis & Bockius LLP
 101 Park Avenue
 New York, New York 10198
 Attention: Patricia Brennan, Esq.
 Telephone No.: (212) 309-6814

Telecopy No.: (212) 309-6001

		
	If to Lessor:	  	 Spirit SPE Portfolio 2006-1, LLC

Spirit SPE Portfolio 2006-2, LLC
 14631 N.
Scottsdale Road, Suite 200
 Scottsdale, Arizona 85254-2711
 Attention: Michael T. Bennett

                 Senior Vice President, Operations

Telephone: (480) 606-0820
 Telecopy:
(480) 606-0826
 E-Mail: mbennett@spiritfinance.com

		
	With a copy to:	  	 Kutak Rock LLP
 1801 California
Street, Suite 3100
 Denver, Colorado 80202
 Attention: Peggy A. Richter, Esq.
 Telephone: (303) 297-2400

Telecopy: (303) 292-7799
 E-Mail:
peggy.richter@kutakrock.com

 or to such other address or such other person as either party may from time to time hereafter specify to the other party
in a notice delivered in the manner provided above. 
 10. Governing Law. [Deleted]. 

  
 5 

 Notwithstanding the foregoing, nothing contained in this Section 10 shall be construed
in any way to bind Lessee under the Lease with respect to the governing law provision. 
 11. Acknowledgement of Lease.
Guarantor intends for the Lease to be a “true lease” and not a financing lease, capital lease, mortgage, equitable mortgage, deed of trust, security agreement or other financing or trust arrangement, and the economic realities of the
Lease are those of a true lease. Guarantor shall not challenge the validity, enforceability or characterization of the Transaction, and Guarantor shall support the intent of Guarantor, Lessee and Lessor that the Lease is a “true lease” and
does not create a joint venture, partnership, equitable mortgage, trust, financing device or arrangement, trust agreement, security interest or the like. Guarantor acknowledges that Lessor did not prepare or assist in the preparation of any of the
projected financial figures used by Lessee in analyzing the economic viability and feasibility of the Transaction. 
 12.
Independent Rights. All of Lessor’s rights and remedies under the Documents and this Guaranty are intended to be distinct, separate and cumulative and no such right and remedy is intended to be in exclusion of or a waiver of any of the
others. 
 13. Assignment. Guarantor acknowledges and agrees that (i) Lessor may collaterally assign all of its
right, title and interest under this Guaranty to a lender, and (ii) upon the exercise of any lender’s remedies set forth in related loan documents, all of the rights, powers and privileges of Lessor shall be deemed the rights, powers and
privileges of such lender and such lender shall be entitled to exercise all of the rights and remedies of “Lessor” under this Guaranty. All notices, certificates, reports or other information required to be delivered to Lessor under this
Guaranty shall be delivered simultaneously to such lender. Notwithstanding any provision herein to the contrary, this Guaranty shall not be deemed to create any obligation of or liability for such lender. Guarantor intends that such lender shall be
an intended third party beneficiary of this Guaranty but without any corresponding responsibility, liability or obligation to Guarantor. 
 14. Inurement. This Guaranty is solely for the benefit of Lessor, its successors and assigns and is not intended to nor shall it be deemed to be for the benefit of any third party, including,
without limitation, Lessee. This Guaranty and all obligations of Guarantor hereunder shall be binding upon the successors and assigns of Guarantor (including, a debtor-in-possession on behalf of Guarantor) and shall, together with the rights and
remedies of Lessor, hereunder, inure to the benefit of Lessor, all future holders of any instrument evidencing any of the Obligations and its successor and assigns. No sales, participations, assignments, transfers or other dispositions of any
agreement governing or instrument evidencing the Obligations or any portion thereof or interest therein shall in any manner affect the rights of Lessor or its successors and assigns hereunder. Guarantor may not assign, sell, hypothecate or otherwise
transfer any interest in or obligation under this Guaranty. 
 15. Severability. If any provision of this Guaranty is
unenforceable, the enforceability of the other provisions shall not be affected and they shall remain in full force and effect, Guarantor agrees to take such action and to sign such other documents as may be appropriate to carry out the intent of
this Guaranty. This Guaranty may be executed in one or more counterparts, each of which shall be deemed an original. 

  
 6 

 16. Waiver of Jury Trial. Lessor, by accepting this Guaranty, and Guarantor hereby
knowingly, voluntarily and intentionally waive the right either may have to a trial by jury with respect to any and all issues presented in any action, proceeding, claim or counterclaim brought by Lessor or Guarantor against the other or their
successors with respect to any matter arising out of or in connection with this Guaranty, the relationship of Lessor, Lessee and/or Guarantor, Lessee’s use or occupancy of the Properties, and/or any claim for injury or damage, or any emergency
or statutory remedy. This waiver by Lessor and Guarantor of any right they may have to a trial by jury has been negotiated and is a material inducement for Lessor accepting this Guaranty. Furthermore, each of Lessor and Guarantor hereby knowingly,
voluntarily and intentionally waives the right it may have to seek punitive, consequential, special and indirect damages from the other or any of the other’s affiliates, officers, directors or employees or any of their successors with respect
to any and all issues presented in any action, proceeding, claim or counterclaim brought by either party against the other or any of the other’s affiliates, officers, directors or employees or any of their successors with respect to any matter
arising out of or in connection with this Guaranty or any documents contemplated herein or related hereto. The waiver by Lessor and Guarantor of any right they may have to seek punitive, consequential, special and indirect damages has been
negotiated and is an essential aspect of their bargain. 
 17. Final Agreement. This Guaranty represents the final
agreement between Lessor and Guarantor and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements. Guarantor covenants and agrees that there are no unwritten oral agreements between Lessor and Guarantor and all
prior or contemporaneous agreements, understandings, representations, and statements, oral or written, are merged into this Guaranty. Neither this Guaranty nor any provision hereof may be waived, modified, amended, discharged, or terminated except
by an agreement in writing signed by the party against which the enforcement of such waiver, modification, amendment, discharge, or termination is sought, and then only to the extent set forth in such agreement. 

18. Securitizations; Other. [Deleted]. 

[Remainder of page intentionally left blank; signature page to follow] 

  
 7 

 IN WITNESS WHEREOF, the undersigned Guarantor has executed this Guaranty effective as of the
date set forth in the introductory paragraph of this Guaranty. 
  

			
	
	 GUARANTOR:

	
	 SPECIALTY RETAIL SHOPS
 HOLDING CORP., a Delaware
 corporation

		
	By:	 	 
		
	Name:	 	
		
	Title:	 	

  
 8 

 EXHIBIT A 
 DOCUMENTS 
 1. Lease. 

2. Any other document, agreement, instrument or certificate contemplated by the Lease, or any other documents, agreements, instruments or
certificates now or hereafter entered into between Lessor and Lessee with respect to the Lease. 
 3. Any amendment of the
foregoing documents, agreements, instruments or certificates now or hereafter entered into between Lessor and Lessee. 

  
 A-1

 EXHIBIT B 
 PROPERTIES 
  

											
	 Store
     #
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	Zip
	2	  	ShopKo	  	301 Bay Park Square	  	Green Bay	  	WI	  	54304
	3	  	ShopKo	  	3415 Calumet Ave	  	Manitowoc	  	WI	  	54220
	4	  	ShopKo	  	2430 E. Mason St	  	Green Bay	  	WI	  	54302
	5	  	ShopKo	  	230 N. Wisconsin St	  	De Pere	  	WI	  	54115
	7	  	ShopKo	  	4344 Mormon Coulee Rd	  	La Crosse	  	WI	  	54601
	8	  	ShopKo	  	1105 E. Grand Ave	  	Rothschild	  	WI	  	54474
	9	  	ShopKo	  	1306 N. Central Ave	  	Marshfield	  	WI	  	54449
	10	  	ShopKo	  	1150 West Washington St	  	Marquette	  	MI	  	49855
	11	  	ShopKo	  	500 South Carpenter Ave	  	Kingsford	  	MI	  	49802
	12	  	ShopKo	  	1100 E Riverview Expressway	  	Wisconsin Rapids	  	WI	  	54494
	15	  	ShopKo	  	1000 W. Northland Ave	  	Appleton	  	WI	  	54914
	16	  	ShopKo	  	2530 First Avenue North	  	Escanaba	  	MI	  	49829
	17	  	ShopKo	  	4161 Second Street South	  	Saint Cloud	  	MN	  	56301
	18	  	ShopKo	  	1710 South Main St	  	West Bend	  	WI	  	53095
	19	  	ShopKo	  	701 South Church St	  	Watertown	  	WI	  	53094
	21	  	ShopKo	  	1850 Madison Ave	  	Mankato	  	MN	  	56001
	22	  	ShopKo	  	1900 North Main St	  	Mitchell	  	SD	  	57301
	23	  	ShopKo	  	125 Main St North	  	Hutchinson	  	MN	  	55350
	24	  	ShopKo	  	955 W. Clairemont Ave	  	Eau Claire	  	WI	  	54701

  
 B-1

											
	 Store
     #
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	Zip
	25	  	ShopKo	  	1200 Susan Drive	  	Marshall	  	MN	  	56258
	26	  	ShopKo	  	2761 Prairie Ave	  	Beloit	  	WI	  	53511
	27	  	ShopKo	  	4801 Washington Ave	  	Racine	  	WI	  	53406
	28	  	ShopKo	  	800 E. Maes St	  	Kimberly	  	WI	  	54136
	29	  	ShopKo	  	7401 Mineral Point Rd	  	Madison	  	WI	  	53717
	30	  	ShopKo	  	2500 US Highway 14	  	Janesville	  	WI	  	53547
	31	  	ShopKo	  	5300 52nd St	  	Kenosha	  	WI	  	53144
	32	  	ShopKo	  	2101 W. Broadway	  	Monona	  	WI	  	53713
	33	  	ShopKo	  	1578 Appleton Rd	  	Menasha	  	WI	  	54952
	34	  	ShopKo	  	2602 Shopko Dr	  	Madison	  	WI	  	53704
	35	  	ShopKo	  	2820 Highway 63 South	  	Rochester	  	MN	  	55904
	36	  	ShopKo	  	3708 Highway 63 North	  	Rochester	  	MN	  	55906
	37	  	ShopKo	  	2677 S. Prairie View Road	  	Lake Hallie	  	WI	  	54729
	38	  	ShopKo	  	2208 North Webb Rd	  	Grand Island	  	NE	  	68803
	39	  	ShopKo	  	4200 South 27th St	  	Lincoln	  	NE	  	68502
	41	  	ShopKo	  	1209 18th Ave Northwest	  	Austin	  	MN	  	55912
	42	  	ShopKo	  	1300 Koeller St	  	Oshkosh	  	WI	  	54902
	45	  	ShopKo	  	601 Galvin Rd South	  	Bellevue	  	NE	  	68005
	46	  	ShopKo	  	5646 North 90th St	  	Omaha	  	NE	  	68134
	48	  	ShopKo	  	2005 Krenzien Dr	  	Norfolk	  	NE	  	68701
	49	  	ShopKo	  	500 N. Highway 281	  	Aberdeen	  	SD	  	57401
	50	  	ShopKo	  	616 West Johnson St	  	Pond Du Lac	  	WI	  	54935
	51	  	ShopKo	  	1425 Janesville Ave	  	Fort Alkinson	  	WI	  	53538

  
 2 

											
	 Store
     #
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	Zip
	52	  	ShopKo	  	615 South Monroe	  	Mason City	  	LA	  	50401
	53	  	ShopKo	  	510 East Philip Ave	  	North Platte	  	NE	  	69101
	54	  	ShopKo	  	700 9th Ave SE	  	Watertown	  	SD	  	57201
	55	  	ShopKo	  	1200 Main St	  	Stevens Point	  	WI	  	54481
	56	  	ShopKo	  	14445 W. Center Rd	  	Omaha	  	NE	  	68144
	57	  	ShopKo	  	405 Cottonwood Dr	  	Winona	  	MN	  	55987
	58	  	ShopKo	  	1755 North Humiston Ave	  	Worthington	  	MN	  	56187
	59	  	ShopKo	  	1001 South Highway 15	  	Fairmont	  	MN	  	56031
	60	  	ShopKo	  	2610 North Bridge Ave	  	Albert Lea	  	MN	  	56007
	61	  	ShopKo	  	501 Highway 10 Southeast	  	Saint Cloud	  	MN	  	56304
	62	  	ShopKo	  	301 Northwest Bypass	  	Great Falls	  	MT	  	59404
	63	  	ShopKo	  	4215 Yellowstone Highway	  	Pocatello	  	ID	  	83202
	64	  	ShopKo	  	2100 Caldwell Blvd	  	Nampa	  	ID	  	83651
	66	  	ShopKo	  	North 9520 Newport Highway	  	Spokane	  	WA	  	99218
	67	  	ShopKo	  	1649 Pole Line Rd East	  	Twin Falls	  	ID	  	83301
	68	  	ShopKo	  	800 E. 17th St	  	Idaho Falls	  	ID	  	83404
	69	  	ShopKo	  	217 West Ironwood Dr	  	Coeur D’Alene	  	ID	  	83814
	75	  	ShopKo	  	2510 South Reserve St	  	Missoula	  	MT	  	59801
	76	  	ShopKo	  	1601 W. 41st St	  	Sioux Falls	  	SD	  	57105
	78	  	ShopKo	  	1845 Haines Ave	  	Rapid City	  	SD	  	57701
	80	  	ShopKo	  	2201 Zeier Rd	  	Madison	  	WI	  	53704
	81	  	ShopKo	  	5801 Summit View Ave	  	Yakima	  	WA	  	98908
	84	  	ShopKo	  	1553 West 9000 South	  	West Jordan	  	UT	  	84088

  
 3 

											
	 Store
     #
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	Zip
	86	  	ShopKo	  	2266 N. University Parkway	  	Provo	  	UT	  	84604
	87	  	ShopKo	  	1018 Washington Blvd	  	Ogden	  	UT	  	84404
	88	  	ShopKo	  	1150 North Main St	  	Layton	  	UT	  	84041
	89	  	ShopKo	  	1600 W. Rose St	  	Walla Walla	  	WA	  	99362
	90	  	ShopKo	  	1771 Wisconsin Ave	  	Grafton	  	WI	  	53024
	92	  	ShopKo	  	867 N. Columbia Center Blvd.	  	Kennewick	  	WA	  	99336
	95	  	ShopKo	  	2655 Broadway Ave	  	Boise	  	ID	  	83706
	96	  	ShopKo	  	55 Lake Blvd	  	Redding	  	CA	  	96003
	97	  	ShopKo	  	4850 West 3500 South	  	West Valley City	  	UT	  	84120
	99	  	ShopKo	  	9366 State Highway 16	  	Onalaska	  	WI	  	54650
	100	  	ShopKo	  	699 Green Bay Rd	  	Neenah	  	WI	  	54956
	102	  	ShopKo	  	2741 Roosevelt St	  	Marinette	  	WI	  	54143
	104	  	ShopKo	  	747 South Main St	  	Brigham City	  	UT	  	84302
	106	  	ShopKo	  	905 S 24th West	  	Billings	  	MT	  	59102
	107	  	ShopKo	  	190 South 500 West	  	West Bountiful	  	UT	  	84010
	108	  	ShopKo	  	955 North Main St	  	Spanish Fork	  	UT	  	84660
	109	  	ShopKo	  	4060 Riverdale Rd	  	Riverdale	  	UT	  	84405
	110	  	ShopKo	  	2290 South 1300 East	  	Salt Lake City	  	UT	  	84106
	112	  	ShopKo	  	3101 Montana Ave	  	Helena	  	MT	  	59602
	114	  	ShopKo	  	801 West Central Entrance	  	Duluth	  	MN	  	55811
	116	  	ShopKo	  	518 S. Taylor Dr	  	Sheboygan	  	WI	  	53081
	119	  	ShopKo	  	1350 North Galena Ave	  	Dixon	  	IL	  	61021
	120	  	ShopKo	  	405 West 8th St	  	Monroe	  	WI	  	53566

  
 4 

											
	 Store
     #
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	Zip
	123	  	ShopKo	  	900 West Memorial Dr	  	Houghton	  	MI	  	44931
	125	  	ShopKo	  	555 West South St	  	Freeport	  	IL	  	61032
	127	  	ShopKo	  	1450 East Geneva St	  	Delavan	  	WI	  	53115
	129	  	ShopKo	  	4515 South Regal St	  	Spokane	  	WA	  	99223
	130	  	ShopKo	  	1777 Paulson Rd	  	River Falls	  	WI	  	54022
	132	  	ShopKo	  	320 Highway O	  	Rice Lake	  	WI	  	54868
	133	  	ShopKo	  	1400 Big Thunder Blvd	  	Belvidere	  	IL	  	61008
	134	  	ShopKo	  	1450 South Grand Ave	  	Pollman	  	WA	  	99163
	139	  	ShopKo	  	3200 Broadway St	  	Quincy	  	IL	  	62301
	140	  	ShopKo	  	1964 West Morton Ave	  	Jacksonville	  	IL	  	62650
	145	  	ShopKo	  	1190 North 6th St	  	Monmouth	  	IL	  	61462
	500	  	ShopKo HQ	  	700 Pilgrim Way	  	Green Bay	  	WI	  	54304
	501	  	ShopKo Exp	  	3705 Monroe Rd	  	De Pere	  	WI	  	54115
	502	  	ShopKo Exp	  	2585 Lineville Rd	  	Green Bay	  	WI	  	54313
	503	  	ShopKo Exp	  	1011 N Wisconsin St	  	Port Washington	  	WI	  	53074
	997	  	ShopKo Dist Ctr	  	1001 East Gowen Rd	  	Boise	  	ID	  	83716
	998	  	ShopKo Dist Ctr	  	10808 South 132nd St	  	Omaha	  	NE	  	68138
	999	  	ShopKo Dist Ctr	  	1717 Lawrence Dr	  	De Pere	  	WI	  	54115
	OL	  	ShopKo Optical Lab	  	1450 West Main Ave	  	De Pere	  	WI	  	54115

  
 5 

 EXECUTION VERSION 
 December 31, 2008 
 Michael MacDonald 

ShopKo Stores Operating Co., LLC 
 700 Pilgrim
Way 
 Green Bay, WI 54304 
 Re:
Rent Deferral and Postponement of Rental Escalation for ShopKo Stores Operating Co., LLC 
 Dear Mike: 

Concurrent with your efforts to amend ShopKo’s (as defined below) existing ABL Loan Agreement (as defined below) to reflect the current economic
environment, Spirit commits to effect a rent deferral and rent escalation postponement along the following basic terms: 
  

			
	Lessor:	  	 Spirit SPE Portfolio 2006-1, LLC and
 Spirit SPE Portfolio 2006-2, LLC (collectively, “Spirit”)

		
	Lessee:	  	ShopKo Stores Operating Co., LLC (“ShopKo”)
		
	Transaction	  	
	Description:	  	Lease amendment to defer rent and postpone rent escalation, as further described in the attached “Exhibit A”. Spirit will agree to a rent deferral of $
1,500,000 per year ($ 125,000 / month) for calendar years 2009 and 2010. The total value of this concession (on an undiscounted basis) is $3,000,000 (such amount, the “Deferred Rent”).
		
		  	Scheduled rent escalations, which currently increase at the lesser of (i) 1.25 multiplied by CPI or (ii) 6% every three years following the lease commencement date, will
be postponed two years (per the existing master lease, rents are scheduled to increase on June 1, 2009). For purposes of illustration, the rent increase scheduled to occur on June 1, 2009 will be postponed until June 1, 2011; the next
rent escalation, currently scheduled for June 1, 2012, will be postponed until June 1, 2014, and so on for the remainder of the term of the lease. The value of this concession (on an undiscounted basis) is $2,326,765 in 2009 and $3,998,740
in 2010, as reflected in Exhibit A.
		
		  	The total value of all rental concessions described herein over the term of the master lease is $55,645,467.

 Rent Deferral Period: January 2009 — December 2010 (the “Rent Deferral Period”). 

 

			
	Deferred Rent	  	
	Interest:	  	Deferred Rent will bear interest accruing at an annual rate of 5% compounded monthly (not cash pay) while outstanding and is repayable as Deferred Rent is repaid (see
“Repayment of Deferred Rent” below).
		
	Repayment	  	
	of Deferred Rent:
	  	Deferred Rent will be repaid in even payments over a 24-month period commencing in January 2011, provided, that, in each case, prior to making any such payment, the greater
of (i) ShopKo’s “EBITDA” (as defined in its ABL Loan Agreement (as defined below) and (ii) ShopKo’s “EBITDAR” less “EBITDAR Rent” under the ShopKo master lease (the greater of such numbers as used
herein, “EBITDA”) for the last twelve month period shall be equal to or greater than $65 million after giving effect to such payment; provided, that, if ShopKo is subject to a merger or reorganization with Pamida Stores Operating
Co., LLC or one or more of its affiliates or subsidiaries (a “Merger”), the EBITDA of the combined companies shall be equal to or greater than $90 million after giving effect to such payment. In the event that ShopKo’s EBITDA would be
less than $65 million ($90 million in the case of a Merger) at such time of calculation (which calculation shall occur as required by the ABL Loan Agreement, but in no event less frequently than on a quarterly basis), after giving effect to such
payment, then such payment of Deferred Rent shall be deferred until such time as ShopKo’s EBITDA would be equal to or greater than $65 million ($90 million in the case of a Merger), after giving effect to the next such payment of Deferred Rent.
In the event that ShopKo would fail to satisfy the above-described EBITDA threshold as a result of any repayment of Deferred Rent, ShopKo shall pay to Spirit the maximum amount of accrued interest and Deferred Rent that would be otherwise due and
payable at such time that would allow ShopKo to be in compliance with the above-described EBITDA threshold.
		
	Rental Escalation Periods:
	  	Each 3-year rent escalation period will be postponed 24 months.
		
	Conditions/Terms:	  	 The terms described herein were approved by Spirit’s Board of Directors on Monday, December 22, 2008, subject to the
following conditions:

		
		  	The approval of Spirit’s CMBS lender is required prior to amending the ShopKo master lease to reflect the rent deferral and

			
		
		  	the rent escalation postponement described above. Given that Spirit’s loan has been securitized, such approval requires the consent of the special servicer, as well as the
controlling class representative or “B Note” holder (collectively, the “CMBS Consents”). Spirit has commenced the process of contacting the relevant consenting parties and is in the process of drafting the proposed lease
amendment for their consideration and approval. The initial reaction was favorable, as Spirit is not requesting an amendment of the underlying loan agreement. Based on preliminary conversations, Spirit expects that the CMBS Consents will be obtained
by January 31, 2009. It is possible, but unlikely, that the proposed lease amendment may require rating agency (or multiple rating agencies’) approval. If this additional step is required to effect a lease amendment, timing for approval is
estimated by the end of Q l 2009. We will notify ShopKo as to whether or not rating agency approval is required once this information is known.
		
		  	In the event that Spirit is unable to obtain the CMBS Consents by on or prior to January 31, 2009, Spirit (or an affiliate thereof) commits to provide up to $3 million to
ShopKo in the form of an unsecured multiple draw term loan (the “Term Loan”) subordinated to the indebtedness under the ABL Loan Agreement, to be drawn by ShopKo at the same times and in the same amounts as would have been in effect had
the rent payment deferral described in the first paragraph of “Transaction Description” above been in effect, and at the same interest rate as described in “Deferred Rent Interest” above, provided, that the first such
payment would be made to Spirit consistent with the schedule and terms set forth in “Repayment of Deferred Rent” above; and provided further that, Spirit shall only be obligated to provide such Term Loan until such time as
the CMBS Consents are obtained and, after the date on which such CMBS Consents have been obtained, the provisions of this term sheet regarding the master lease amendments described herein shall apply and the Deferred Rent under the master lease
shall be reduced by the amount drawn under the Term Loan (with the outstanding balance of the Term Loan being converted to Deferred Rent for repayment purposes and ShopKo being obligated to repay the entire $3,000,000 (or such lesser amount as is
actually deferred under the master lease) and accrued interest thereon as Deferred Rent under the master lease). Notwithstanding any other provision herein to the contrary, the amount of the Deferred Rent and/or the Term Loan funding (as applicable)
for February 2009 will be in an amount equal to the Deferred Rent for January 2009 and February 2009.

			
		
		  	The deferral relating to the Deferred Rent described herein will no longer be effective upon the sale by Sun Capital Partners IV, LP or its affiliates of twenty percent
(20%) or more of its voting equity interests in SKO Group Holding, LLC (notwithstanding any sale of voting equity interests by either of Lubert-Adler Partners IV, LP or Elliot Management or their respective affiliates) (a “change of
control”), provided, that the sale (by way of a Merger or otherwise) by Sun Capital Partners IV, LP or its affiliates of a majority of the equity interests of ShopKo or of SKO Group Holding, LLC to Pamida Stores Operating Co., LLC or its
affiliates or subsidiaries or to any other affiliate of Sun Capital Partners, Inc. shall not be a change of control. All Deferred Rent and accrued interest thereon shall be immediately due upon the occurrence of a change of control. The postponement
of the rent escalation periods described herein shall remain in effect after a change of control.
		
		  	In addition to the foregoing conditions, the proposed master lease amendment is also conditioned upon the effectiveness of an amendment of ShopKo’s existing Amended and
Restated Loan and Security Agreement dated as of February 28, 2007 (the “ABL Loan Agreement”) with EBITDA, capital expenditures and excess availability covenants to be reset at levels consistent with the current projected performance
of the ShopKo business. Spirit will be entitled to receive copies of any notices from ShopKo’s ABL Loan Agreement lenders within three business days upon receipt, as well as copies of quarterly compliance certificates delivered by ShopKo
pursuant to its ABL Loan Agreement.
		
		  	In addition to the financial reporting and deliverables currently required under the existing master lease, the master lease will be amended to require ShopKo to deliver to
Spirit monthly financial statements (balance sheets and income statements) from ShopKo in the same time and manner as required in the ABL Loan Agreement. Further, similar to the requirements of the lenders under the ABL Loan Agreement, Spirit will
receive projections one time per fiscal year which projections will be deliverable within sixty (60) days after the end of each fiscal year. Such monthly financial reporting and projections shall only be deliverable to Spirit for so long as any
Deferred Rent is outstanding. All financial reporting, including, without limitation, the monthly financial information and projections described above, shall be subject to the confidentiality provisions currently provided in the master
lease.
		
		  	Furthermore, so long as the Deferred Rent is outstanding and interest on the Deferred Rent remains unpaid: (i) no distribution

			
		  	from Shopko to its immediate parent company shall be declared or paid, other than distributions to service tax obligations for ShopKo’s consolidated tax group or for
corporate maintenance expenses of such parent entity not to exceed $175,000 in any twelve (12) month period (it being understood that such expenses are expenses of the parent company, and not of Sun Capital Partners, Inc., Sun Capital Partners
IV, LP or Sun SKO, LLC and, therefore, are not due and payable to Sun Capital Partners, Inc. or Sun Capital Partners IV, LP or Sun SKO, LLC); (ii) no dividend on any capital stock of the parent company of Shopko shall be declared or paid other
than dividends to service tax obligations for ShopKo’s consolidated tax group or for corporate maintenance expenses of such parent entity not to exceed $175,000 in any twelve (12) month period (it being understood that such expenses are
expenses of the parent company, and not of Sun Capital Partners, Inc., Sun Capital Partners IV, LP or Sun SKO, LLC and, therefore, are not due and payable to Sun Capital Partners, Inc. or Sun Capital Partners IV, LP or Sun SKO, LLC); and
(iii) Shopko shall not (x) authorize any increase in any fees payable to Sun Capital Partners, Inc. or any affiliate thereof or (y) pay any increase in any fees payable to Sun Capital Partners, Inc. or any affiliate thereof, as of the
date hereof, including, without limitation, a management fee; provided, that, in the event of a Merger, ShopKo may both authorize and pay fees to Sun Capital Partners, Inc. or any affiliate thereof at a level commensurate with current fees
payable by ShopKo to Sun Capital Partners, Inc. and its affiliates as of the date hereof, plus the fees payable by Pamida Stores Operating Co., LLC to Sun Capital Partners, Inc. or any affiliate thereof, as of the date
hereof.

 We look forward to working with you to effect documentation of the above in an expedited manner. 

Sincerely, 
 Michael J. Zieg 

Senior Vice President 
 Spirit Finance Capital
Management, LLC 

 Exhibit A 
 Proposed Payment Schedule 
 ShopKo 

 

																			
	Year	  	Month	  	Base Rent	  	Estimated
Scheduled
Increases	  	Total
Estimated
Rent	  	Proposed
Rent
Deferral	 	Proposed Rent
Escalation
Postponement	 	Revised
Lease
Schedule	  	Deferral
Balance	  	Accrued
Dividend
	 2009
	  	Jan-09	  	5,539,917	  		  	5,539,917	  	(125,000)	 	—  	 	5,414,917	  	125,000	  	    521
	 2009
	  	Feb-09	  	5,539,917	  		  	5,539,917	  	(125,000)	 	—  	 	5,414,917	  	250,521	  	1,044
	 2009
	  	Mar-09	  	5,539,917	  		  	5,539,917	  	(125,000)	 	—  	 	5,414,917	  	376,565	  	1,569
	 2009
	  	Apr-09	  	5,539,917	  		  	5,539,917	  	(125,000)	 	—  	 	5,414,917	  	503,134	  	2,096
	 2009
	  	May-09	  	5,539,917	  		  	5,539,917	  	(125,000)	 	—  	 	5,414,917	  	630,230	  	2,626
	 2009
	  	Jun-09	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	757,856	  	3,158
	 2009
	  	Jul-09	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	886,014	  	3,692
	 2009
	  	Aug-09	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,014,705	  	4,228
	 2009
	  	Sep-09	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,143,933	  	4,766
	 2009
	  	Oct-09	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,273,700	  	5,307
	 2009
	  	Nov-09	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,404,007	  	5,850
	 2009
	  	Dec-09	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,534,857	  	6,395
	 2010
	  	Jan-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,666,252	  	6,943
	 2010
	  	Feb-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,798,195	  	7,492
	 2010
	  	Mar-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	1,930,687	  	8,045
	 2010
	  	Apr-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	2,063,732	  	8,599
	 2010
	  	May-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	2,197,331	  	9,156
	 2010
	  	Jun-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	2,331,486	  	9,715
	 2010
	  	Jul-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	2,466,201	  	10,276
	 2010
	  	Aug-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	2,601,477	  	10,839
	 2010
	  	Sep-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	2,737,316	  	11,405
	 2010
	  	Oct-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	2,873,722	  	11,974
	 2010
	  	Nov-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	3,010,696	  	12,545
	 2010
	  	Dec-10	  	5,539,917	  	332,395	  	5,872,312	  	(125,000)	 	(332,395)	 	5,414,917	  	3,148,240	  	13,118
	 2011
	  	Jan-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	(332,395)	 	5,678,610	  	3,035,837	  	
	 2011
	  	Feb-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	(332,395)	 	5,678,610	  	2,909,793	  	
	 2011
	  	Mar-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	(332,395)	 	5,678,610	  	2,783,224	  	
	 2011
	  	Apr-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	(332,395)	 	5,678,610	  	2,656,128	  	
	 2011
	  	May-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	(332,395)	 	5,678,610	  	2,528,502	  	
	 2011
	  	Jun-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	2,400,344	  	
	 2011
	  	Jul-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	2,271,652	  	
	 2011
	  	Aug-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	2,142,424	  	
	 2011
	  	Sep-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	2,012,658	  	
	 2011
	  	Oct-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	1,882,351	  	
	 2011
	  	Nov-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	1,751,501	  	
	 2011
	  	Dec-11	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	1,620,106	  	
	 2012
	  	Jan-12	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	1,488,163	  	
	 2012
	  	Feb-12	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	1,355,670	  	
	 2012
	  	Mar-12	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	1,222,626	  	
	 2012
	  	Apr-12	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	1,089,027	  	
	 2012
	  	May-12	  	5,539,917	  	332,395	  	5,872,312	  	138,693	 	—  	 	6,011,005	  	954,871	  	
	 2012
	  	Jun-12	  	5,539,917	  	684,734	  	6,224,651	  	138,693	 	(352,339)	 	6,011,005	  	820,157	  	
	 2012
	  	Jul-12	  	5,539,917	  	684,734	  	6,224,651	  	138,693	 	(352,339)	 	6,011,005	  	684,881	  	
	 2012
	  	Aug-12	  	5,539,917	  	684,734	  	6,224,651	  	138,693	 	(352,339)	 	6,011,005	  	549,042	  	
	 2012
	  	Sep-12	  	5,539,917	  	684,734	  	6,224,651	  	138,693	 	(352,339)	 	6,011,005	  	412,636	  	
	 2012
	  	Oct-12	  	5,539,917	  	684,734	  	6,224,651	  	138,693	 	(352,339)	 	6,011,005	  	275,662	  	
	 2012
	  	Nov-12	  	5,539,917	  	684,734	  	6,224,651	  	138,693	 	(352,339)	 	6,011,005	  	138,118	  	
	 2012
	  	Dec-12	  	5,539,917	  	684,734	  	6,224,651	  	138,693	 	(352,339)	 	6,011,005	  	            0	  	
	 2013
	  	Jan-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	
	 2013
	  	Feb-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	
	 2013
	  	Mar-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	
	 2013
	  	Apr-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	
	 2013
	  	May-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	
	 2013
	  	Jun-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	
	 2013
	  	Jul-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	
	 2013
	  	Aug-13	  	5,539,917	  	684,734	  	6,224,651	  	—  	 	(352,339)	 	5,872,312	  		  	

 Exhibit A 
 Proposed Payment Schedule 
 ShopKo 

 

																			
	Year	  	Month	  	Base Rent	  	Estimated
Scheduled
Increases	  	Total
Estimated
Rent	  	Proposed
Rent
Deferral	  	Proposed
Rent
Escalation
Postponement	 	Revised
Lease
Schedule	  	Deferral
Balance	  	Accrued
Dividend
	 2023
	  	May-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	(419,641)	 	6,994,018	  		  	
	 2023
	  	Jun-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2023
	  	Jul-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2023
	  	Aug-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2023
	  	Sep-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2023
	  	Oct-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2023
	  	Nov-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2023
	  	Dec-23	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2024
	  	Jan-24	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2024
	  	Feb-24	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2024
	  	Mar-24	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2024
	  	Apr-24	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2024
	  	May-24	  	5,539,917	  	1,873,742	  	7,413,659	  	—  	  	—  	 	7,413,659	  		  	
	 2024
	  	Jun-24	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2024
	  	Jul-24	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2024
	  	Aug-24	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2024
	  	Sep-24	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2024
	  	Oct-24	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2024
	  	Nov-24	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2024
	  	Dec-24	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Jan-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Feb-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Mar-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Apr-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	May-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Jun-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Jul-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Aug-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Sep-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Oct-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Nov-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2025
	  	Dec-25	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2026
	  	Jan-26	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2026
	  	Feb-26	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2026
	  	Mar-26	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2026
	  	Apr-26	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	
	 2026
	  	May-26	  	5,539,917	  	2,318,561	  	7,858,478	  	—  	  	(444,820)	 	7,413,659	  		  	

 SECOND AMENDMENT TO MASTER LEASE 

THIS SECOND AMENDMENT TO MASTER LEASE (the “Amendment”) is made and entered into as of
March    , 2009 (the “Effective Date”) by and between SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited liability company, and SPIRIT SPE PORTFOLIO 2006-2, LLC, a Delaware limited
liability company (collectively, “Landlord”), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (“Tenant”). 
 Recitals 
 WHEREAS, Landlord and Tenant entered into that certain
Master Lease dated as of May 31, 2006, as amended by that certain First Amendment to Master Lease with an effective date of December 14, 2006 and that certain Lease Supplement dated March    , 2009 (the
“Lease”), with respect to the real property and improvements more particularly described in the Lease. Terms not defined in this Amendment shall have the meanings given to them in the Lease. 

WHEREAS, Landlord and Tenant desire to amend the Lease to modify the Adjustment Date schedule for Base Rent. 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Landlord and Tenant agree as follows: 
 1. Adjustment Date. The term
“Adjustment Date” defined in Section 2.01 of the Lease is hereby amended to mean, subject to Section 1.04 of the Lease, “June 1, 2011 and every third anniversary thereafter during the Term”. 

2. Ratification. Except as expressly stated herein, the Lease shall remain in full force and effect. If there is any conflict
between the Lease and the terms of this Amendment, the terms of this Amendment shall control. 
 3. Counterparts. This
Amendment may be executed in one or more counterparts, each of which shall be deemed an original. 
 [Remainder of page
intentionally left blank; signature page(s) to follow] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as
of the date first written above. 
  

					
		 	LANDLORD:
		
		 	 SPIRIT SPE PORTFOLIO 2006-1, LLC, a
 Delaware limited liability company

			
		 	By:	 	/s/    Michael T. Bennett        
		 	Printed Name: Michael T. Bennett
		 	Title: Senior Vice President

  

					
		 	 SPIRIT SPE PORTFOLIO 2006-2, LLC, a
 Delaware limited liability company

			
		 	By:	 	/s/    Michael T. Bennett         
		 	Printed Name: Michael T. Bennett
		 	Title: Senior Vice President

  

					
		 	TENANT:
		
		 	 SHOPKO STORES OPERATING CO., LLC, a
 Delaware limited liability company

			
		 	By:	 	/s/    Mary Meixelsperger         
		 	Printed Name: Mary Meixelsperger
		 	Title: SVP-CFO

 THIRD AMENDMENT TO MASTER LEASE 

THIS THIRD AMENDMENT TO MASTER LEASE (the “Third Amendment’”) is made and entered into effective as of the
Effective Date (defined below), by and between SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited liability company, and SPIRIT SPE PORTFOLIO 2006-2, LLC, a Delaware limited liability company (collectively,
“Landlord”), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (“Tenant”). 
 Recitals 
 WHEREAS, Landlord and Tenant entered into that certain Master
Lease dated as of May 31, 2006, as amended by that certain First Amendment to Master Lease dated effective December 14, 2006, as further amended by that certain Second Amendment to Master Lease dated effective March 19, 2009, and as
supplemented by that certain Lease Supplement dated March 19, 2009 (collectively, the “Lease”), with respect to the real property and improvements more particularly described in the Lease. Terms not defined in this Third
Amendment shall have the meanings given to them in the Lease. 
 WHEREAS, Landlord and Tenant have agreed to (a) the
subdivision (the “Subdivision”) of the Fee Property identified as Store No. 112, 3101 Montana Avenue, Helena, Montana 59602 on Exhibit A-l to the Lease (“Helena Fee Property”), into the following two
(2) separate properties: (i) the “Out-Parcel” property described on Schedule 1 attached hereto and incorporated herein (the “Out-Parcel Property”); and (ii) the remaining property described on
Schedule 2 attached hereto and incorporated herein (the “Remaining Property”); and (b) the sale of the Out-Parcel Property to a third party (“Third Party Sale”). 

WHEREAS, Landlord and Tenant wish to amend the Lease to remove the Out-Parcel Property therefrom, pursuant to the terms and conditions
hereof. 
 NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 
 1. Out-Parcel Property. Landlord
and Tenant agree that, effective upon the later of (a) the Subdivision, and (b) consummation of the Third Party Sale (the “Effective Date”), the legal description for the Helena Fee Property attached as part of
Exhibit A-3 to the Lease shall be deleted in its entirety, and the new legal description for the Helena Fee Property, attached hereto and incorporated herein as Schedule 3, shall be substituted in lieu thereof. Notwithstanding the foregoing,
the Base Rent shall remain the same. 
 2. Ratification. Except as expressly stated herein, the Lease shall remain in
full force and effect. If there is any conflict between the Lease and the terms of this Third Amendment, the terms of this Third Amendment shall control. 
 [Remainder of page intentionally left blank; signature page(s) to follow] 

 
			
	LANDLORD:
	
	SPIRIT SPE PORTFOLIO 2006-1, LLC
		
	By:	 	/s/ Michael T. Bennett
	Printed Name:	 	Michael T. Bennett
	Title:	 	Senior Vice President

  

			
	SPIRIT SPE PORTFOLIO 2006-2, LLC
		
	By:	 	/s/ Michael T. Bennett
	Printed Name:	 	Michael T. Bennett
	Title:	 	Senior Vice President

  

			
	
	TENANT:
	
	SHOPKO STORES OPERATING CO., LLC
		
	By:	 	/s/ Peter Vandenhouten
	Printed Name:	 	Peter Vandenhouten
	Title:	 	SVP-Gen Counsel/Secretary

 CONSENT OF LENDER 

The foregoing Third Amendment to Master Lease by and between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and
Spirit SPE Portfolio 2006-2, LLC, a Delaware limited liability company, and ShopKo Stores Operating Co., LLC, a Delaware limited liability company (the “Third Amendment”) is hereby approved as of the Effective Date (defined in the
Third Amendment) by the undersigned as required by Section 5.1.17(a) of that certain Loan Agreement dated as of May 31, 2006, between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and Spirit SPE Portfolio 2006-2,
LLC, a Delaware limited liability company, collectively as Borrower thereunder, and Bank of America, National Association, successor-by-merger to LaSalle Bank National Association, as Trustee under that certain Pooling and Servicing Agreement dated
as of June 1, 2006 (the “PSA”), for the Registered Holders of Citigroup Commercial Mortgage Trust 2006-C4, Commercial Mortgage Pass-Through Certificates, Series 2006-C4, as successor-in-interest to Barclays Capital Real Estate
Inc., and Citigroup Global Markets Realty Corp., as Lender thereunder. 
  

			
	
	LENDER:
	
	 BANK OF AMERICA, NATIONAL ASSOCIATION, SUCCESSOR-BY-MERGER TO LASALLE BANK NATIONAL ASSOCIATION, AS TRUSTEE UNDER THE PSA
FOR THE REGISTERED HOLDERS OF CITIGROUP COMMERCIAL MORTGAGE TRUST 2006-C4, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-C4

		
	By:	 	Midland Loan Services, Inc., a Delaware corporation, solely in its capacity as Master Servicer pursuant to the terms of the PSA
		
	By:	 	/s/    Gary Gunnoe        
	Name:	 	Gary Gunnoe
	Title:	 	Asset Manager

 FOURTH AMENDMENT TO MASTER LEASE 

THIS FOURTH AMENDMENT TO MASTER LEASE (the “Fourth Amendment”) is made and entered into effective
as of the Effective Date (defined below), by and between SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited liability company, and SPIRIT SPE PORTFOLIO 2006-2, LLC, a Delaware limited liability company (collectively,
“Landlord”), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (“Tenant”). 
 Recitals 
 WHEREAS, Landlord and Tenant entered into that certain Master
Lease dated as of May 31, 2006, as amended by that certain First Amendment to Master Lease dated effective December 14, 2006, as further amended by that certain Second Amendment to Master Lease dated effective March 19, 2009, as
supplemented by that certain Lease Supplement dated March 19, 2009, and as further amended by that certain Third Amendment to Master Lease dated effective July 28, 2009 (collectively, the “Lease”), with respect to the real
property and improvements more particularly described in the Lease. Terms not defined in this Fourth Amendment shall have the meanings given to them in the Lease. 
 WHEREAS, Landlord and Tenant have agreed to convey a portion of the real property described on Exhibit “A” attached hereto and incorporated herein (the “Riverdale
Property”) to the Utah Department of Transportation, as such portion of the Riverdale Property is described on Exhibit “B” attached hereto and incorporated herein (such portion, the “Release Parcel”) in
lieu of condemnation for the purpose of highway expansion, and other purposes relating to public rights of way (the “Transaction”). 
 WHEREAS, Landlord and Tenant wish to amend the Lease to remove the Release Parcel therefrom, pursuant to the terms and conditions hereof. 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Landlord and Tenant agree as follows: 
 1. Release Parcel. Landlord and Tenant
agree that, effective upon the consummation of the Transaction (the “March 12, 2010”), the legal description for the Riverdale Property (attached as part of Exhibit A-3 to the Lease) is hereby deleted in its entirety, and the new
legal description for the Riverdale Property, attached hereto and incorporated herein as Exhibit “C”, is hereby substituted in lieu thereof and shall remain subject to the terms of the Lease. Notwithstanding the foregoing, the Base
Rent shall remain the same. 
 2. Ratification. Except as expressly stated herein, the Lease shall remain in full
force and effect. If there is any conflict between the Lease and the terms of this Fourth Amendment, the terms of this Fourth Amendment shall control. 
 [Remainder of page intentionally left blank; signature page(s) to follow] 

					
		 	LANDLORD:
		
		 	SPIRIT SPE PORTFOLIO 2006-1, LLC
			
		 	By:	 	/s/ Gregg A Seibert
		 	Printed Name: 	 	Gregg A Seibert
		 	Title:	 	Senior Vice President

  

					
		 	SPIRIT SPE PORTFOLIO 2006-2, LLC
			
		 	By:	 	/s/ Gregg A Seibert
		 	Printed Name: 	 	Gregg A Seibert
		 	Title:	 	Senior Vice President

  

					
		 	TENANT:
		
		 	SHOPKO STORES OPERATING CO., LLC
			
		 	By:	 	/s/ Peter Vandenhouten
		 	Printed Name: 	 	Peter Vandenhouten
		 	Title:	 	SVP-Gen Counsel/Secretary

 CONSENT OF LENDER 

The foregoing Fourth Amendment to Master Lease by and between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and
Spirit SPE Portfolio 2006-2, LLC, a Delaware limited liability company, and ShopKo Stores Operating Co., LLC, a Delaware limited liability company (the “Fourth Amendment”) is hereby approved as of the Effective Date (defined in the
Fourth Amendment) by the undersigned as required by Section 5.1.17(a) of that certain Loan Agreement dated as of May 31, 2006, between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and Spirit SPE Portfolio 2006-2,
LLC, a Delaware limited liability company, collectively as Borrower thereunder, and Bank of America, National Association, successor-by-merger to LaSalle Bank National Association, as Trustee under that certain Pooling and Servicing Agreement dated
as of June 1, 2006 (the “PSA”), for the Registered Holders of Citigroup Commercial Mortgage Trust 2006-C4, Commercial Mortgage Pass-Through Certificates, Series 2006-C4, as successor-in-interest to Barclays Capital Real Estate
Inc., and Citigroup Global Markets Realty Corp., as Lender thereunder. 
  

					
		 	LENDER:
		
		 	 BANK OF AMERICA, NATIONAL ASSOCIATION, SUCCESSOR-BY-MERGER TO LASALLE BANK NATIONAL ASSOCIATION, AS TRUSTEE UNDER
THE
 PSA FOR THE REGISTERED HOLDERS OF
 CITIGROUP COMMERCIAL MORTGAGE TRUST
 2006-C4, COMMERCIAL MORTGAGE PASS-

THROUGH CERTIFICATES, SERIES 2006-C4

			
		 	By:	 	 Midland Loan Services, Inc., a Delaware corporation,
 solely in its capacity as Master Servicer pursuant to the
 terms of the PSA

			
		 	By:	 	/s/ Larry S. Smith
		 	 Name: 
	 	Larry S. Smith
		 	 Title:
	 	Senior Vice President Servicing Officer

  

 EXHIBIT “A” 

to 

FOURTH AMENDMENT 
 LEGAL DESCRIPTION OF RIVERDALE PROPERTY 
 Real property in the City of Riverdale, County of
Weber, State of Utah, described as follows: A portion of the Northwest Quarter of Section 8, Township 5 North, Range 1 West, Salt Lake Base and Meridian: 
 Beginning at the Northeast Corner of the Northwest Quarter of said Section 8 and running thence South 00°28’ West 104.97 feet to a point on a 175 foot radius curve to the right (center bears
North 84°33’00" West and has a central angle of 28°48’00"); thence along the arc of said curve 87.96 feet; thence South 34°15’00" West 425.03 feet to the true point of beginning of this parcel and running
thence South 34°15’00" West 609.38 feet; thence North 52°46’00" West 164.96 feet; thence South 37°43’00" West 197.48 feet to a point of the Northerly line of Washington Terrace Road as described in Book 160
at Page 517 of the Official Records of Weber County, said point also being a point on a 345 foot radius curve to the left (center bears South 50°38’20" West and has a central angle of 10°14’50"); thence Northwesterly
along the arc of said curve and said road 61.70 feet; thence North 37°42’00" East 110.98 feet; thence North 48°41’00" West 80.86 feet; thence North 39°55’00" East 272.21 feet; thence North
51°27’52" West 14.76 feet to a fence corner; thence along said fence North 51°27’52" West 367.09 feet; thence North 38°02’43" East 19.05 feet; thence North 51°59’43" West 198.76 feet to the
Easterly line of Riverdale Road; thence North
38°21’00" East 402.99 feet along said Easterly line; thence South 51°48’01" East 493.55 feet;
thence South 38°21’00" West 10.72 feet;
thence South 51°48’01" East along a building line 342.00 feet to the place of beginning. 
 Together with non-exclusive easement
rights created Cross-Easement Agreement dated April 1, 1990 by and between ShopKo Stores, Inc. dba UvalKo ShopKo Stores, Inc. (ShopKo), F.C. Stangl, III, dba F.C. Stangl Construction Company (Developer), Alan Canter, an individual (Canter) and
Toys “R” Us, Inc. (Toys) and May 1, 1990 recorded 1107699 in Book 1579 at Page 2298 of Official Records. 
 TAX I.D.
(06-029-0027) 

 EXHIBIT “B” 

to 

FOURTH AMENDMENT 
 LEGAL DESCRIPTION OF RELEASE PARCEL 
 Parcel 83: 

A parcel of land in fee, being a part of an entire tract of property, situate in the NE1/4NW1/4 of Section 8, T.5N., R,1W., S.L.B.& M. The
boundaries of said parcel of land are described as follows: 
 Beginning at the intersection of the northeasterly boundary line of said entire
tract and the Existing southeasterly right of way line of Riverdale Road, said intersection is 104.97 feet S.00°28'00"W. to the beginning of a non-tangent 175.00 feet radius curve to the right (Note: Radius bears
N84°33'00"W.); thence southerly along the arc of said curve 87.96 feet through a delta of 28°48'00" (Note: Chord to said curve bears S.19°51'00"W. for a distance of 87.04 feet) and 414.29 feet
S.34°15'00"W. and 834.34 feet N.51°48'01"W. from the Northeast corner of said quarter section, said intersection is also 46.00 feet perpendicularly distant southeasterly from the control line of UDOT project SP-0026(4)0
opposite approximate engineer station 162+06.52, and running thence; S.51°48'01 “E. 11.21 feet along said northeasterly boundary line to a point 57.21 feet perpendicularly distant southeasterly from said control line; thence
S.06°33'29"E. 24.83 feet to a point 74.77 feet perpendicularly distant southeasterly from said control line opposite engineer station 161+89.01; thence S.38°34'24"W. 94.99 feet to a point 74.55 feet perpendicularly
distant southeasterly from said control line opposite engineer station 160+94.02; thence S.82°l8'00"W. 14.43 feet to a point 64.55 feet perpendicularly distant southeasterly from said control line opposite engineer station 160+83.61;
thence S.37°18'00"W. 196.53 feet to a point 68.47 feet perpendicularly distant southeasterly from said control line opposite engineer station 158+87.12; thence S.05°12'05"W. 20.19 feet to a point 79.53 feet
perpendicularly distant southeasterly from said control line opposite engineer station 158+70.23; thence S.38°26'32"W. 59.62 feet along a line parallel with said control line opposite engineer station 158+10.61; thence
S.83°26'32"W. 9.73 feet to the southwesterly boundary line of said entire tract; thence N.51°59'43"W. 26.65 feet along said boundary line to said right of way line; thence N.38°26'32"E.
(N.38°21'00"E. by record) 402.99 feet to the point of beginning as shown on the official map of said project on file in the office of the Utah Department of Transportation. The above described parcel of land contains 10,029 square feet
or 0.230 acre in area, more or less. 
 (Note: All bearings in the above description equal highway bearings) 

Together with any and all abutter’s rights of underlying fee to the center of the existing right-of-way appurtenant to this conveyance. 

The fees are conveyed subject to such rights and easements as appear of record. 
 Tax ID # 06-029-0027 

 EXHIBIT “C” 

to 

FOURTH AMENDMENT 
 REVISED LEGAL DESCRIPTION 
 Real property in the City of Riverdale, County of Weber, State
of Utah, described as follows: 
 A portion of the Northwest Quarter of Section 8, Township 5 North, Range 1 West, Salt Lake Base and
Meridian: 
 Beginning at the Northeast Corner of the Northwest Quarter of said Section 8 and running thence South 00°28’ West
104.97 feet to a point on a 175 foot radius curve to the right (center bears North 84°33'00" West and has a central angle of 28°48'00"); thence along the arc of said curve 87.96 feet; thence South 34°15'00"
West 425.03 feet to the true point of beginning of this parcel and running thence South 34°15'00" West 609.38 feet; thence North 52°46'00" West 164.96 feet; thence South 37°43'00" West 197.48 feet to a point
of the Northerly line of Washington Terrace Road as described in Book 160 at Page 517 of the Official Records of Weber County, said point also being a point on a 345 foot radius curve to the left (center bears South 50°38'20" West and
has a central angle of 10°14'50"); thence Northwesterly along the arc of said curve and said road 61.70 feet; thence North 37°42'00" East 110.98 feet; thence North 48°41'00" West 80.86 feet; thence North
39°55'00" East 272.21 feet; thence North 51°27'52" West 14.76 feet to a fence corner; thence along said fence North 51°27'52" West 367.09 feet; thence North 38°02'43" East 19.05 feet; thence
North 51°59'43" West 198.76 feet to the Easterly line of Riverdale Road; thence North 38°21'00" East 402.99 feet along said Easterly line; thence South 51°48'01" East 493.55 feet; thence South
38°21'00" West 10.72 feet; thence South 51°48'01" East along a building line 342.00 feet to the place of beginning. 

Together with non-exclusive easement rights created Cross-Easement Agreement dated April 1, 1990 by and between ShopKo Stores, Inc. dba UvalKo
ShopKo Stores, Inc. (ShopKo), F.C. Stangl, III, dba F.C. Stangl Construction Company (Developer), Alan Canter, an individual (Canter) and Toys “R” Us, Inc. (Toys) and May 1, 1990 recorded 1107699 in Book 1579 at Page 2298 of Official
Records. 
 Less and except the following: 
 All that property granted to the Utah Department of Transportation by Warranty Deed dated March 12, 2010 and recorded            
in             , Page             , being described therein as: 
 Parcel 83: 

 A parcel of land in fee, being a part of an entire tract of property, situate in the NE1/4NW1/4 of
Section 8, T.5N., R,1W., S.L.B.& M. The boundaries of said parcel of land are described as follows: 
 Beginning at
the intersection of the northeasterly boundary line of said entire tract and the Existing southeasterly right of way line of Riverdale Road, said intersection is 104.97 feet S.00°28'00"W. to the beginning of a non-tangent 175.00 feet
radius curve to the right (Note: Radius bears N84°33’00"W.); thence southerly along the arc of said curve 87.96 feet through a delta of 28°48’00" (Note: Chord to said curve bears S.19°51’00"W. for a distance of 87.04 feet) and 414.29 feet
S.34°15'00"W. and 834.34 feet N.51°48'01"W. from the Northeast corner of said quarter section, said intersection is also 46.00 feet perpendicularly distant southeasterly from the control line of UDOT project SP-0026(4)0
opposite approximate engineer station 162+06.52, and running thence; S.51°48'01 “E. 11.21 feet along said northeasterly boundary line to a point 57.21 feet perpendicularly distant southeasterly from said control line; thence
S.06°33'29"E. 24.83 feet to a point 74.77 feet perpendicularly distant southeasterly from said control line opposite engineer station 161+89.01; thence S.38°34'24"W. 94.99 feet to a point 74.55 feet perpendicularly
distant southeasterly from said control line opposite engineer station 160+94.02; thence S.82°18'00"W. 14.43 feet to a point 64.55 feet perpendicularly distant southeasterly from said control line opposite engineer station 160+83.61;
thence S.37°18'00"W. 196.53 feet to a point 68.47 feet perpendicularly distant southeasterly from said control line opposite engineer station 158+87.12; thence S.05°12'05"W. 20.19 feet to a point 79.53 feet
perpendicularly distant southeasterly from said control line opposite engineer station 158+70.23; thence S.38°26'32"W. 59.62 feet along a line parallel with said control line opposite engineer station 158+10.61; thence
S.83°26'32"W. 9.73 feet to the southwesterly boundary line of said entire tract; thence N.51°59'43"W. 26.65 feet along said boundary line to said right of way line; thence N.38°26'32"E.
(N.38°21'00"E.by record) 402.99 feet to the point of beginning as shown on the official map of said project on file in the office of the Utah Department of Transportation. The above described parcel of land contains 10,029 square feet
or 0.230 acre in area, more or less. 
 (Note: All bearings in the above description equal highway bearings) 

Together with any and all abutter's rights of underlying fee to the center of the existing right-of-way appurtenant to this conveyance. 

The fees are conveyed subject to such rights and easements as appear of record. 
 TAX I.D. (06-029-0027) 
 Riverdale, UT (Store 109) 

  
 C-2

 FIFTH AMENDMENT TO MASTER LEASE 

THIS FIFTH AMENDMENT TO MASTER LEASE (the “Fifth Amendment”) is made and entered into effective as of the
Effective Date (defined below), by and between SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited liability company, and SPIRIT SPE PORTFOLIO 2006-2, LLC, a Delaware limited liability company (collectively,
“Landlord”), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (“Tenant”). 
 Recitals 
 WHEREAS, Landlord and Tenant entered into that certain
Master Lease dated as of May 31, 2006, as amended by that certain First Amendment to Master Lease dated effective December 14, 2006, as amended by that certain Second Amendment to Master Lease dated effective March 19, 2009, as
supplemented by that certain Lease Supplement dated March 19, 2009, as amended by that certain Third Amendment to Master Lease dated effective July 28, 2009, and as amended by that certain Fourth Amendment to Master Lease effective
March 12, 2010 (collectively, the “Lease”), with respect to the real property and improvements more particularly described in the Lease. Terms not defined in this Fifth Amendment shall have the meanings given to them in the
Lease. 
 WHEREAS, Landlord and Tenant have agreed to (a) the subdivision (the
“Subdivision”) of the Fee Property identified as Store No. 106, 905 S. 24th West, Billings, Montana 59102 on Exhibit A-1 to the Lease (“Billings Fee Property”), into the following two (2) separate properties: (i) the “Out-Parcel” property
described on Schedule 1 attached hereto and incorporated herein (the “Out-Parcel Property”); and (ii) the remaining property described on Schedule 2 attached hereto and incorporated herein (the “Remaining
Property”); and (b) the sale of the Out-Parcel Property to a third party (“Third Party Sale”). 

WHEREAS, Landlord and Tenant wish to amend the Lease to remove the Out-Parcel Property therefrom, pursuant to the terms and conditions
hereof. 
 NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 
 1. Out-Parcel Property. Landlord
and Tenant agree that, effective upon the later of (a) the Subdivision, and (b) consummation of the Third Party Sale (the “Effective Date”), the legal description for the Billings Fee Property attached as part of Exhibit
A-3 to the Lease shall be deleted in its entirety, and the new legal description for the Billings Fee Property, attached hereto and incorporated herein as Schedule 3, shall be substituted in lieu thereof. Notwithstanding the foregoing, the
Base Rent shall remain the same. 
 2. Ratification. Except as expressly stated herein, the Lease shall remain in full
force and effect. If there is any conflict between the Lease and the terms of this Second Amendment, the terms of this Second Amendment shall control. 
 [Remainder of page intentionally left blank; signature page(s) to follow] 

					
		 	LANDLORD:
		
		 	SPIRIT SPE PORTFOLIO 2006-1, LLC
			
		 	By:	 	/s/ Joni G. Barrett        
		 	Printed Name: 	 	Joni G. Barrett
		 	Title:	 	Vice President

  

					
		 	SPIRIT SPE PORTFOLIO 2006-2, LLC
			
		 	By:	 	/s/ Joni G. Barrett        
		 	Printed Name: 	 	Joni G. Barrett
		 	Title:	 	Vice President

  

					
		 	TENANT:
		
		 	SHOPKO STORES OPERATING CO., LLC
			
		 	By:	 	/s/ Peter Vandenhouten        
		 	Printed Name: 	 	Peter Vandenhouten
		 	Title:	 	SVP-Gen Counsel/Secretary

 CONSENT OF LENDER 

The foregoing Fifth Amendment to Master Lease by and between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and
Spirit SPE Portfolio 2006-2, LLC, a Delaware limited liability company, and ShopKo Stores Operating Co., LLC, a Delaware limited liability company (the “Fifth Amendment”) is hereby approved as of the Effective Date (defined in the
Fifth Amendment) by the undersigned as required by Section 5.1.17(a) of that certain Loan Agreement dated as of May 31, 2006, between Spirit SPE Portfolio 2006-1, LLC, a Delaware limited liability company, and Spirit SPE Portfolio 2006-2,
LLC, a Delaware limited liability company, collectively as Borrower thereunder, and LaSalle Bank National Association, as Trustee for the Holders of Citigroup Commercial Mortgage Trust 2006-C4 Commercial Mortgage Pass-Through Certificates Series
2006-C4, as successor-in-interest to Barclays Capital Real Estate Inc., and Citigroup Global Markets Realty Corp., as Lender thereunder. 
  

					
		 	LENDER:
		
		 	LASALLE BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE HOLDERS OF CITIGROUP COMMERCIAL MORTGAGE TRUST 2006-C4 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES
2006-C4
			
		 	By:	 	Midland Loan Services, Inc., its Master Servicer and Attorney in Fact
			
		 	By:	 	 
			
		 	 Name:
	 	  

			
		 	 Title:Asset Purchase Agreement, dated as of June 30, 2011

 Exhibit 10.17 
 ASSET PURCHASE AGREEMENT 
 This ASSET PURCHASE AGREEMENT (this
“Agreement”), is dated as of June 30, 2011 by and among SPIRIT FINANCE CORPORATION, a Maryland corporation (hereinafter referred to as “Buyer”), and SPIRIT FINANCE CAPITAL MANAGEMENT, LLC,
a Delaware limited liability company (hereinafter referred to as “Seller”). 
 WHEREAS, Buyer desires to
acquire, and Seller desires to sell, certain assets used in the Business (as defined below), including, without limitation, Seller’s office equipment, office furniture and software licenses, as set forth in Section 2.02 below, and
all of the rights and privileges as may be appurtenant thereto. 
 WHEREAS, Buyer agrees to assume certain liabilities of Seller
related to the Business upon the terms and conditions hereinafter set forth. 
 WHEREAS, Seller desires to sell, and Buyer
desires to purchase, the Purchased Assets (as defined below) in exchange for the receipt of $604,159.50 in cash from Buyer, to be delivered to Seller at the Closing (as defined below), upon the terms and conditions hereinafter set forth. 

WHEREAS, Buyer desires to assume, and Seller desires to assign, the Assumed Liabilities (as defined below) in exchange for the receipt of
$581,551.95 in cash from Seller, to be delivered to Buyer at the Closing, upon the terms and conditions hereinafter set forth. 

NOW, THEREFORE, in consideration of the mutual promises herein contained and other good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto declare, covenant and agree as follows: 
 ARTICLE I 
 DEFINITIONS 

As used in this Agreement, the following terms, unless the context otherwise requires, have the following meanings (such meanings to be
equally applicable to the singular and plural forms of the terms defined): 
 “Affiliates” means, when used
with respect to a Person, any other Person controlling, controlled by, or under common control with, such Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of voting securities (including, without limitation, partnership interests), by contract or otherwise and the terms “controlling” and
“controlled” have meanings correlative to the foregoing. 
 “Agreement” has the meaning set forth in
the Preamble. 

 “Assumed Liabilities” has the meaning set forth in
Section 2.04. 
 “Assumption Price” has the meaning set forth in Section 2.07.

 “Business” means the Seller’s business of managing Buyer’s business of acquiring single tenant,
operationally essential real estate to be leased on a long-term, triple-net basis to retail, distribution and service-oriented companies. 
 “Buyer” has the meaning set forth in the Preamble. 

“Buyer Parties” means Buyer, its directors, managers, officers, shareholders, members, agents, representatives and
employees. 
 “Claims” means all claims, liabilities, obligations, losses, deficiencies, damages, costs and
expenses (including without limitation interest, penalties and reasonable fees and disbursements of counsel, but excluding punitive and exemplary damages) of any kind, nature, and description. 

“Closing” has the meaning set forth in Section 2.01. 

“Closing Date” has the meaning set forth in Section 2.01. 

“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended and codified at Code §4980B.

 “Code” means the Internal Revenue Code of 1986, as amended. 

“Controlled Group” has the meaning set forth in Code §1563. 

“Employee” and “Employees” means all employees of the Business listed on Schedule 3.01(J) of the
Agreement. 
 “Employee Benefit Plan” means any (a) nonqualified deferred compensation or retirement plan
or arrangement; (b) qualified defined contribution retirement plan or arrangement which is an Employee Pension Benefit Plan; (c) qualified defined benefit retirement plan or arrangement which is an Employee Pension Benefit Plan (including
any Multiemployer Plan); (d) Employee Welfare Benefit Plan; or (e) other fringe benefit, severance, profit-sharing, retirement, bonus, incentive, disability, cafeteria, medical, health, life insurance or equity-based plan, program,
arrangement or agreement, whether written or unwritten. 
 “Employee Expenses” has the meaning set forth in
Section 2.04(a)(iii). 
 “Employee Pension Benefit Plan” has the meaning set forth in ERISA
§3(2). 
 “Employee Welfare Benefit Plan” has the meaning set forth in ERISA §3(1). 

“Environmental Laws” has the meaning set forth in Section 3.01(l). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

  
 2 

 “ERISA Affiliate” means each entity which is treated as a single employer
with Seller for purposes of Code §414. 
 “Fiduciary” has the meaning set forth in ERISA §3(21).

 “Governmental Entity” means any federal, state or local government or any court of competent jurisdiction,
administrative agency or commission or other governmental authority or instrumentality, domestic or foreign. 

“Indemnitee” has the meaning set forth in Section 8.04. 

“Indemnitor” has the meaning set forth in Section 8.04. 

“Leased Premises” has the meaning set forth in Section 2.02(a)(iii). 

“Material Adverse Effect” means any fact, event, change, occurrence or effect that could reasonably be expected to have,
individually or in the aggregate with any other fact(s), event(s), change(s), occurrence(s) or effect(s), a material adverse effect on the Purchased Assets, Assumed Liabilities, or Business, taken as a whole. 

“Multiemployer Plan” has the meaning set forth in ERISA §3(37). 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Person” means an individual, partnership, limited liability company, corporation (including a business trust), joint
stock company, trust, incorporated or unincorporated association, joint venture, government or any agency or political subdivision thereof or any other entity. 
 “Prohibited Transaction” has the meaning set forth in ERISA §406 and Code §4975. 
 “Purchase Price” has the meaning set forth in Section 2.05. 
 “Purchased Assets” has the meaning set forth in Section 2.02(a). 
 “Seller” has the meaning set forth in the Preamble. 

“Selling Parties” has the meaning set forth in Section 8.03. 

ARTICLE II 

PURCHASE AND SALE OF ASSETS 
 Section 2.01 Closing. Subject to the satisfaction or waiver of the conditions set forth in Article VI of this Agreement, the closing of the transactions contemplated by this Agreement
(the “Closing”) shall take place on June 30, 2011 or on such earlier date as Buyer and Seller shall mutually agree, (the “Closing Date”) at the business offices of Seller, 14631 North Scottsdale Road, Suite
200, Scottsdale, Arizona, at 2:00 p.m., local time, or at such place and time as Buyer 

  
 3 

 
and Seller shall mutually agree. The transactions provided for herein shall for all business, tax, accounting and other computational purposes be deemed to have occurred at 11:59 p.m. on the
Closing Date. At the Closing, for purposes of convenience, the Seller may offset the Assumption Price due by the Seller to the Buyer against the payment of the Purchase Price due by the Buyer to the Seller. 

Section 2.02 Assets Being Sold and Purchased. 

(a) Subject to the terms and conditions of this Agreement, Seller hereby sells and delivers to Buyer, as of the Closing
Date, free and clear of any and all liabilities, claims, liens, restrictions on transfer and encumbrances (except for liabilities specifically assumed by Buyer under this Agreement), and Buyer agrees to purchase from Seller, those assets as set
forth in this Section 2.02 and listed on the various schedules referred to in this Section 2.02(a) (the “Purchased Assets”), including, the following: 

(i) All computer hardware relating to the Business owned or leased by Seller as set forth on attached
Schedule 2.02(a)(i) and all maintenance contracts, if any, relating thereto; 
 (ii) All software
relating to the Business owned by, or licensed to, Seller, as set forth on attached Schedule 2.02(a)(ii) and all maintenance contracts, if any, relating thereto; 

(iii) The personal property of Seller, including, without limitation, office equipment and similar personal property,
relating to the Business owned by Seller and located at and around the leased location where the Seller conducts the Business located at 14631 North Scottsdale Road, Suite 200, Scottsdale, Arizona (the “Leased Premises”), as set
forth on the attached Schedule 2.02(a)(iii); 
 (iv) The prepaid expenses relating to the Purchased
Assets and Assumed Liabilities, if any, as set forth on attached Schedule 2.02(a)(iv); and 
 (v) All
contracts set forth on Schedule 2.02(a)(v) and all rights and benefits therein. 
 (b) On the Closing
Date, Seller shall deliver to Buyer, to the extent possible, physical possession of all of the Purchased Assets. 

Section 2.03 Excluded Assets. Seller shall retain and not sell and deliver to Buyer, and Buyer shall not purchase from
Seller nor obtain any right, title or ownership interest in or to, any assets other than the Purchased Assets as listed in the various schedules required under Section 2.02 hereof (such retained assets, the “Excluded
Assets”). For the avoidance of doubt, the Excluded Assets shall include all personal property of the employees and officers of Seller located at the Leased Premises. 
 Section 2.04 Assumption of Liabilities. 

  
 4 

 (a) Buyer shall assume, as of the Closing Date, only the liabilities,
obligations, contracts and commitments of Seller specifically described in this Section 2.04 and otherwise in this Agreement and specifically listed on Schedule 2.04(a) (the “Assumed Liabilities”). Without in any
manner affecting the foregoing, nothing contained or described in this Section 2.04 shall obligate Buyer to assume any liability not specifically assumed by Buyer under this Section 2.04, none of which shall be Assumed
Liabilities. Nothing contained herein shall in any manner infer or obligate Buyer to assume, pay or perform any obligation of any nature whatsoever which matured or became due prior to the Closing Date, except as expressly set forth on Schedule
2.04(a). Buyer shall assume the following obligations and liabilities as set forth on Schedule 2.04(a), including the following: 
 (i) All liabilities, debts and obligations relating to the Purchased Assets and for which the event(s) giving rise to such liability, debt or obligation occur after the Closing Date; 

(ii) All liabilities for any applicable sales, value added, transfer, documentary, use, filing and other taxes (other
than income taxes) that may be levied on the sale, assignment, transfer or delivery of the Purchased Assets or otherwise hereunder, whether levied on Seller or Buyer. Buyer shall, at its own expense, file all necessary tax returns and other
documentation with respect to all such taxes (other than sales taxes which shall be collected by Seller at Closing and remitted at Seller’s expense) and, if required by law, Seller shall join in the execution of any such tax returns or
documentation; and 
 (iii) All liabilities, debts or obligations for which the event(s) giving rise to such
liability, debt or obligation occur prior to or after the Closing Date in connection with the employment of all Employees who are employed by Buyer at the Closing. Buyer agrees to offer employment to all of the Employees of Seller and hereby agrees
to assume all unpaid or unused accrued vacation pay, Employee Benefit Plans and related expenses for such Employees who accept employment with Buyer (“Employee Expenses”) in accordance with the current policies and procedures of
Seller. 
 (b) Effective as of the Closing Date, Buyer shall assume and shall agree to timely pay and discharge
(and shall indemnify Seller against and hold Seller harmless from) the Assumed Liabilities as and when such liabilities, debts and obligations become due. 
 Section 2.05 Purchase Price. Buyer shall purchase the Purchased Assets by delivering to Seller, by wire transfer of immediately available funds at the Closing, the aggregate amount of
$604,159.50 (the “Purchase Price”). The Purchase Price shall be paid according to the payment instructions set forth on Schedule 2.05. 
 Section 2.06 Allocation. The Purchase Price or the Assumption Price (as defined below), as applicable, shall be allocated among the Purchased Assets in the manner contemplated by
Schedule 2.06. Buyer and Seller agree that the foregoing allocation is reasonable and agree to 

  
 5 

 
report the acquisition and sale of the Purchased Assets on a basis consistent with the terms of this Agreement and such allocation in their respective financial records, statements, and forms
prepared or filed pursuant to reporting requirements under the Code. 
 Section 2.07 Assumption Price. Buyer
shall assume the Assumed Liabilities by Seller delivering to Buyer, by wire transfer of immediately available funds at the Closing, the aggregate amount of $581,551.95 (the “Assumption Price”). The Assumption Price shall be paid
according to the payment instructions set forth on Schedule 2.05. 
 Section 2.08 Adjustments. Seller
shall be responsible for and pay all pre-Closing tax liabilities of the Company, including but not limited to, federal and state income taxes accrued as of the Closing Date. Within 90 days after the Closing Date, Seller and Buyer shall prorate as of
the Closing Date any amounts that become due and payable on and after the Closing Date with respect to (i) any prepaid expenses transferred to Buyer and (ii) any liability, debt or obligation whatsoever of Seller, which is deemed to exist
prior to the Closing Date relating to the Purchased Assets. In addition, within 90 days after the Closing Date, Seller and Buyer may update the Purchased Assets identified in Section 2.02 and listed in the schedules related thereto by
amending such schedules. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 Section 3.01 Representations
and Warranties of Seller. Seller hereby represents and warrants to Buyer as follows: 
 (a)
Organization. Seller is a limited liability company validly existing and in good standing under the laws of the State of Delaware. Seller has the requisite power and authority to own or lease the Purchased Assets and to consummate the
transactions contemplated hereby. The principal executive office of Seller is located at 14631 North Scottsdale Road, Suite 200, Scottsdale, Arizona. Seller is duly qualified to do business as a foreign limited liability company and is in good
standing under the laws of each state or other jurisdiction in which the operation of its Business requires such qualification, other than in such jurisdictions where the failure to be so qualified or licensed would not reasonably be likely to have,
individually or in the aggregate, a Material Adverse Effect. Seller has all statutory power and all material governmental licenses, authorizations, permits, consents and approvals required to sell, transfer and assign the Purchased Assets to Buyer.

 (b) Company Authority. Seller has taken all actions necessary to authorize it to execute, deliver and
perform its obligations under this Agreement and all instruments and agreements delivered pursuant hereto and to consummate the transactions contemplated hereby and thereby, including any necessary approval by Seller’s board of directors or
unitholders, and this Agreement and all instruments and agreements to be delivered in connection herewith or therewith by Seller constitutes its legal, valid and binding obligations, enforceable against it (to the extent it is a party thereto) in

  
 6 

 
accordance with their respective terms, subject to laws of general application relating to the rights of creditors generally. 

(c) No Conflict with Governing Documents. Seller is not in conflict with or in violation of any provision of its
certificate of formation, limited liability company agreement, or other governing documents, each as amended to date. Neither the execution and delivery of this Agreement or any other agreement or instrument to be delivered to Buyer in connection
herewith, nor the consummation of the transactions contemplated hereby or thereby, by Seller, shall conflict with any provision of Seller’s certificate of formation, limited liability company agreement, or other governing documents, each as
amended to date. 
 (d) No Default. Seller is not in default under or in violation of any provision of
any material restriction, lien, encumbrance, indenture, contract, lease, loan agreement, note or other obligation or liability to which it is a party or by which it is bound and that could adversely affect the transactions contemplated hereby, or
Buyer’s unencumbered possession or use of the Purchased Assets. Neither the execution and delivery of this Agreement or any other agreement or instrument to be delivered to Buyer in connection herewith, nor the consummation of the transactions
contemplated hereby or thereby, by Seller, shall (i) result in the acceleration of, or the creation in any party of the right to accelerate, terminate, modify or cancel, or cause a payment obligation to arise under, any indenture, contract,
lease, sublease, loan agreement, note or other obligation or liability to which Seller is a party or by which Seller is bound that could adversely affect the transactions contemplated hereby, or Buyer’s unencumbered possession or use of the
Purchased Assets, (ii) conflict with or result in a breach of or constitute a violation or default under (A) any restriction, lien, encumbrance, license, permit, indenture, contract, lease, loan agreement, note or other obligation or
liability to which Seller is a party or by which Seller is bound, and that could adversely affect the transactions contemplated hereby, or Buyer’s unencumbered possession or use of the Purchased Assets, or (B) any order, writ, injunction,
decree, license or permit applicable to each Seller or any law, statute, rule or regulation applicable to Seller, or (iii) result in the creation of any lien or encumbrance upon any of the Purchased Assets, excluding from the foregoing such
filings, notices, permits, authorizations, consents, approvals, violations, breaches, trigger events, creation of liens or defaults which, individually or in the aggregate, would not either prevent or materially delay consummation of the
transactions contemplated hereby, otherwise prevent or materially delay performance by Seller of its obligations under this Agreement or reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect. 

(e) Approvals; Consents. No approval, consent, order or authorization of, exemption by, or registration,
declaration or filing with, any governmental authority is required by or with respect to Seller in connection with the execution, delivery and performance of this Agreement by Seller or any other agreement or instrument to be delivered to Buyer in
connection herewith or the consummation by Seller of the transactions contemplated hereby or thereby, including but not limited to the transfer of the Purchased Assets. 

  
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 (f) Litigation. There are no actions, suits or proceedings pending
or, to the knowledge of Seller, threatened against Seller or affecting any of Seller’s properties or rights, at law or in equity, or before any federal, state, municipal or other governmental agency or instrumentality that could adversely
affect the Purchased Assets, that relate to the transactions contemplated hereby, or Buyer’s unencumbered possession or use of the Purchased Assets, nor is Seller aware of any facts or third party claims that to Seller’s knowledge could
result in any such action, suit or proceedings and that would be material to Seller after taking into account any insurance coverage. 
 (g) Ownership and Condition of Properties. 
 (i) Seller
has, and will as of the Closing Date, have and transfer to Buyer, good, valid, legal and marketable title to, and possession of, the Purchased Assets and transfer to Buyer all Purchased Assets, free and clear of all restrictions, liens,
encumbrances, rights, title and interests of others (except for liabilities specifically assumed by Buyer under this Agreement), except that Seller has, and is transferring to Buyer, valid and subsisting leasehold interests or licenses in, and
possession of all of the tangible Purchased Assets that are leased by Seller. Except as reflected in the schedules attached hereto, no one other than Seller has any right, title, interest, restriction, lien or encumbrance in, on or to any of the
personal property located in the Leased Premises occupied by Seller, except for personal furnishings and effects of Seller’s officers and employees, as the case may be. 

(ii) All equipment owned or leased by Seller is sold in “as is” and “where is” condition. Seller
makes no representations or warranties, expressed or implied, concerning the equipment’s fitness for use, profitability or design for any particular use or purpose or as to the quality of the material or workmanship therein, latent or patent,
it being agreed that Buyer will conduct its own inspection, prior to the Closing, and shall rely on its inspection and shall accept all risks related thereto. 
 (h) Prepaid Expenses. Schedule 2.02(a)(iv) consists of a true list of all prepaid expenses and deposits of Seller that are being transferred by Seller to Buyer under this Agreement.

 (i) Insurance. Seller has in full force and effect all types of insurance required to perform and
operate the Business. Seller has not received written notice from any insurance carrier of defects or inadequacies in the Purchased Assets, which, if uncorrected, would result in a termination of insurance coverage or a material increase in the
premiums. 
 (j) Employees. 

(i) Set forth on Schedule 3.01(J) hereto is a complete and accurate list of the names, titles, and, if applicable,
employment agreements of all of the Employees and independent contractors of the Seller as of the Closing Date. 

  
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Except as set forth on Schedule 3.01(J), Seller is a not a party to any employment agreements, severance plans or non-compete agreements relating to the Employees. 

(ii) Seller is not a party to any contract with a labor union and to the knowledge of Seller, no Employee is governed by
a collective bargaining agreement. No election or proceeding relating to the labor relations of Seller is pending or, to the knowledge of Seller, threatened and no unfair labor practice charge has been filed against or, to the knowledge of Seller,
threatened against Seller with respect to the Business. 
 (iii) None of the Employees are currently on short or
long-term leave or temporary or permanent disability leave. 
 (k) Employee Benefit Plans. 

(i) Schedule 3.01(K) lists each Employee Benefit Plan that Seller maintains or to which Seller contributes or has
any obligation to contribute. Seller does not have a formal plan or commitment, whether legally binding or not, to create any additional Employee Benefit Plan or change any existing Employee Benefit Plan that would affect any current or former
employee of Seller or an ERISA Affiliate. 
 (A) To the knowledge of Seller, each Employee Benefit Plan (and
each related trust, insurance contract, or fund) materially complies in form and in operation in all respects with its terms and with the applicable requirements of ERISA, the Code, and other applicable laws. 

(B) All required reports and descriptions (including Form 5500 Annual Reports, summary annual reports, the PBGC
1’s, summary plan descriptions and summary of material modifications) have been timely filed and distributed appropriately with respect to each such Employee Benefit Plan. The requirements of COBRA (as defined below) or comparable state law
have been met with respect to each such Employee Benefit Plan, which is an Employee Welfare Benefit Plan. 

(C) All contributions (including all employer contributions and employee salary reduction contributions), which are due
have been paid to each such Employee Benefit Plan which is an Employee Pension Benefit Plan and all contributions for any period ending on or before the Closing, which are not yet due have been paid to each such Employee Pension Benefit Plan or
accrued in accordance with the past custom and practice of Seller. All premiums or other payments for all periods ending on or before the Closing have been paid with respect to each such Employee Benefit Plan which is an Employee Welfare Benefit
Plan. Any and all other amounts that Seller is required to pay under the terms of any Employee Benefit Plan with respect to both the current plan year and the most 

  
 9 

 
recently ended plan year prior to the date of this Agreement have been timely paid in full to the extent due and payable, and all such amounts payable with respect to the portion of the current
plan year ending on the Closing will be paid when due and payable. 
 (D) Each such Employee Benefit Plan that
is an Employee Pension Benefit Plan meets the requirements of a “qualified plan” under Code §40l(a), has received, within the last two years, a favorable determination letter from the Internal Revenue Service that it is a
“qualified plan,” and Seller is not aware of any facts or circumstances that could result in the revocation of such determination letter. 
 (E) The market value of assets under each such Employee Benefit Plan that is an Employee Pension Benefit Plan (other than any Multiemployer Plan) equals or exceeds the present value of all vested and
nonvested liabilities there under determined in accordance with PBGC methods, factors, and assumptions applicable to an Employee Pension Benefit Plan terminating on the date for determination. 

(F) To the extent Seller has them in its possession or control, Seller has delivered to Buyer correct and complete
copies of: (1) the plan documents of each Employee Benefit Plan (or, with respect to any Employee Benefit Plan which is unwritten, a detailed written description of eligibility, participation, benefits, funding arrangements, assets and any
other matters which relate to the obligations of Seller or any ERISA Affiliate); (2) all summary plan descriptions, summaries of material modifications and memoranda, employee handbooks and other written communications regarding the Employee
Benefit Plans; (3) all rulings, determination letters, no-action letters or advisory opinions received from the Internal Revenue Service, the Department of Labor, the PBGC or any other governmental body with respect to the current year and each
of the three preceding years for each applicable Employee Benefit Plan; (4) the most recent actuarial and financial reports (audited and/or unaudited) and the annual reports filed with any governmental body with respect to the current year and
each of the three preceding years for each applicable Employee Benefit Plan; (5) all related trust agreements, insurance contracts, and other funding agreements which implement each Employee Benefit Plan; and (6) all contracts with
third-party administrators, actuaries, investment managers, consultants and other independent contractors that relate to any Employee Benefit Plan. 
 (ii) With respect to each Employee Benefit Plan that Seller or its ERISA Affiliates maintains or ever has maintained or to which any of them contributes, ever has contributed, or ever has been required to
contribute: 
 (A) No such Employee Benefit Plan that is an Employee Pension Benefit Plan (other than any
Multiemployer Plan) has been 

  
 10 

 
completely or partially terminated or been the subject of a reportable event (as defined in ERISA § 4043 and the regulations issued there under) as to which notices would be required to be
filed with the PBGC. No proceeding by the PBGC to terminate any such Employee Pension Benefit Plan (other than any Multiemployer Plan) has been instituted or threatened. No facts exist which might constitute grounds for the termination of such plan
by the PBGC or the appointment by the appropriate United States District Court of a trustee to administer any such Employee Pension Benefit Plan. No such Employee Pension Benefit Plan has applied for or received a waiver of the minimum funding
standards imposed by ERISA and the Code. None of Seller, any ERISA Affiliate, any Employee Pension Benefit Plan, any trust created there under or any trustee or administrator of any such Employee Pension Benefit Plan or trust or any party dealing
with any such Employee Pension Benefit Plan or any such trust could be subject to a material civil penalty assessed pursuant to ERISA 
 (B) To the knowledge of Seller, there have been no Prohibited Transactions with respect to any such Employee Benefit Plan, no Fiduciary has any Liability (as defined below) for breach of fiduciary duty or
any other failure to act or comply in connection with the administration or investment of the assets of any such Employee Benefit Plan, and no action, suit, proceeding, hearing, audit, inquiry or investigation with respect to the administration or
the investment of the assets of any such Employee Benefit Plan (other than routine claims for benefits) is pending or threatened. 
 (C) Seller has not incurred and has no reason to expect to incur any Liability to the PBGC (other than PBGC premium payments) or otherwise under Title IV of ERISA (including any withdrawal liability as
defined in ERISA §4201) or under the Code with respect to any such Employee Benefit Plan which is an Employee Pension Benefit Plan. 
 (D) Each such Employee Benefit Plan that is governed by Code Section 409A has been or will be timely amended to Comply with Code Section 409A and the guidance there under and operated in a
manner consistent with Code Section 409A and the final regulations there under. 
 (iii) Neither Seller nor
other members of any Controlled Group that includes Seller contributes to, ever has contributed to, or ever has been required to contribute to any Multiemployer Plan or has any Liability (including withdrawal liability as defined in ERISA
§4201) under any Multiemployer Plan. 
 (iv) Seller does not maintain nor has ever maintained and does not
contribute, never has contributed, never has been required to contribute to, never promised to contribute to and does not have any Liability for any Employee Welfare Benefit Plan providing medical, health, or life insurance or other welfare

  
 11 

 
type benefits for current or future retired or terminated employees, their spouses, or their dependents (other than in accordance with Code §4980B or comparable state law). 

(v) For purposes of this Section 3.01(k), “Liability” means any liability (whether known or
unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for taxes. 

(l) Environmental Matters. The Purchased Assets are and have been at all times in compliance in all material
respects with all federal, state and local laws relating to pollution or protection of the environment (the “Environmental Laws”). Seller has now and at all times has had all of the necessary permits required under the Environmental
Laws for the Purchased Assets and Seller is not and has not been in violation of any of the terms and conditions of any of such permits. Seller has not received any written notice or any other communication (written, electronic or otherwise) that
alleges that Seller is not in compliance with any Environmental Law. Seller has not generated, manufactured, produced, transported, imported, used, treated, refined, processed, handled, stored, discharged, released, or disposed of any substance,
chemical, waste or other materials which are listed, defined or otherwise identified as hazardous, toxic, radioactive, corrosive or dangerous under any applicable Environmental Law. 

(m) No Misrepresentations. There is no fact or transaction that Seller has not disclosed to Buyer in writing of
which Seller is aware that would have a Material Adverse Effect or is likely to have a Material Adverse Effect. Seller has not made any material misstatement of fact herein or in any document delivered to Buyer pursuant hereto or in connection with
the transactions contemplated hereby or omitted to state any material fact necessary or desirable to make materially complete, accurate and not misleading every representation, warranty and agreement set forth herein or in any document to be
delivered pursuant hereto or in connection with transactions contemplated hereby. 
 (n) Brokers and Finders.
Neither Seller nor any Person acting on behalf of Seller has employed any broker, agent or finder, or incurred any liability for any brokerage fees, agents’ commissions or finders’ fees in connection with the transactions contemplated
herein. 
 (o) Fair Value. The Purchase Price represents fair equivalent value for the Purchased Assets.
Seller is not insolvent as of the date hereof, and Seller will not be rendered insolvent by the consummation of the transactions contemplated by this Agreement. 
 Section 3.02 Representations and Warranties of Buyer. Buyer hereby represents and warrants to Seller as follows: 

(a) Organization. Buyer is a corporation validly existing and in good standing under the laws of the State of
Maryland. Buyer has the requisite power and 

  
 12 

 
authority to own or lease the Purchased Assets and assume the Assumed Liabilities and to consummate the transactions contemplated hereby. The principal executive office of Buyer is located at
14631 North Scottsdale Road, Suite 200, Scottsdale, Arizona. Buyer is duly qualified to do business as a foreign corporation and is in good standing under the laws of each state or other jurisdiction in which the operation of its Business requires
such qualification, other than in such jurisdictions where the failure to be so qualified or licensed would not reasonably be likely to have, individually or in the aggregate, a Material Adverse Effect. Buyer has all statutory power and all material
governmental licenses, authorizations, permits, consents and approvals required to purchase the Purchased Assets and assume the Assumed Liabilities from Seller. 

(b) Corporate Authority. Buyer has taken all appropriate actions necessary to authorize it to execute, deliver and
perform its obligations under this Agreement and all instruments and agreements delivered pursuant hereto and to consummate the transactions contemplated hereby and thereby, including any necessary approval by its board of directors or shareholders
and this Agreement and all instruments and agreements to be delivered in connection herewith or therewith by Buyer constitute its legal, valid and binding obligation, enforceable against Buyer in accordance with their respective terms, subject to
laws of general application relating to the rights of creditors generally. 
 (c) Approvals; Consents. No
approval, consent, order or authorization of, exemption by, or registration, declaration or filing with, any governmental authority or any Person not a party to this Agreement is required by or with respect to Buyer in connection with the execution,
delivery and performance of this Agreement by Buyer or any other agreement or instrument to be delivered in connection herewith or the consummation by Buyer of the transactions contemplated hereby or thereby, including, without limitation,
assumption of the Assumed Liabilities and purchase of the Purchased Assets. 
 (d) No Default. Buyer is
not in default under or in violation of any provision of its amended and restated certificate of incorporation, bylaws or other governing document, each as amended to date, nor is Buyer in default under or in violation of any provision of any
material restriction, lien, encumbrance, indenture, contract, lease, loan agreement, note or other obligation or liability to which it is a party or by which it is bound and that could adversely affect the transactions contemplated hereby. Neither
the execution and delivery of this Agreement or any other agreement or instrument to be delivered in connection herewith, nor the consummation of the transactions contemplated hereby or thereby, by Buyer, shall (i) result in the acceleration
of, or the creation in any party of the right to accelerate, terminate, modify or cancel, or cause a payment obligation to arise under, any indenture, contract, lease, sublease, loan agreement, note or other obligation or liability to which Buyer is
a party or by which Buyer is bound, or (ii) conflict with or result in a breach of or constitute a violation or default under (A) any provision of Buyer’s amended and restated certificate of incorporation or bylaws, each as amended to
date, or (B) any restriction, lien, encumbrance, license, permit, indenture, contract, lease, loan agreement, note or other obligation or liability to which Buyer is a party or by which Buyer is bound, or (C) any order, writ, injunction,
decree, law, statute, rule or regulation, license or permit applicable to Buyer, excluding from the foregoing 

  
 13 

 
such filings, notices, permits, authorizations, consents, approvals, violations, breaches, trigger events, creation of liens or defaults which, individually or in the aggregate, would not either
prevent or materially delay consummation of the transactions contemplated hereby, otherwise prevent or materially delay performance by Buyer of its obligations under this Agreement. 

(e) No Misrepresentations. Buyer has not made any material misstatement of fact herein or in any document
delivered pursuant hereto or in connection with the transactions contemplated hereby or omitted to state any material fact necessary or desirable to make complete, accurate and not misleading every representation, warranty and agreement set forth
herein or in any document to be delivered pursuant hereto or in connection with transactions contemplated hereby. 
 (f) Brokers and Finders. Neither Buyer nor any Person acting on behalf of Buyer has employed any broker, agent or finder, or incurred any liability for any brokerage fees, agents’ commissions
or finders’ fees in connection with the transactions contemplated herein. 
 (g) Litigation. There
are no actions, suits or proceedings pending or, to the knowledge of Buyer, threatened against Buyer, at law or in equity that relate to the transactions contemplated hereby. 
 ARTICLE IV 
 COVENANTS OF SELLER 

Seller hereby covenants and agrees as follows: 
 Section 4.01 Employees. 
 (a) As of the Closing
Date, Seller shall have terminated all of its employees and independent contractors employed or engaged in the operation of the Business, or such Persons shall have resigned effective as of the Closing. 

(b) Seller shall be solely responsible for, shall indemnify and shall hold harmless (in accordance with the provisions of
Article VIII of this Agreement) Buyer and its directors, officers, shareholders, employees, agents and Affiliates, at all times after the Closing Date, against and with respect to any Claims relating to or arising from Seller’s failure to
comply with Section 4.01(a). 
 (c) Buyer shall keep and maintain all payroll records, personnel
records, books, documents, files and other writings, databases, software, and computer files and any other records relating to the Employees who accept employment with Buyer. Seller shall have the right to keep copies of the same. Buyer shall
respond to and comply with all requests for information made by any federal, state, municipal or other governmental agency or instrumentality relating to any of the Employees after the Closing Date. 

  
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 Section 4.02 Employee Benefits. As of the Closing Date, Seller shall
assign all of its rights, obligations and interests in all Employee Benefit Plans to Buyer. Buyer agrees, as of the Closing Date, to adopt and sponsor all of Seller’s Employee Benefit Plans as if Buyer were the original sponsor of such plans.
Prior to Closing, Seller shall assist Buyer in the transfer of sponsorship of all Employee Benefit Plans. Buyer and Seller agree to complete all necessary documents and forms required by the current service providers for the Employee Benefit Plans
to effectuate this Section 4.02. Following Closing, Seller shall no longer sponsor or maintain any Employee Benefit Plans. All service with Seller prior to Closing shall continue to be treated as credited service for all purposes of all
Employee Benefit Plans after Closing. 
 Section 4.03 Governmental Approvals. Seller shall assist and
cooperate with Buyer and Buyer’s representatives and counsel in obtaining all governmental consents, approvals and licenses which Buyer deems necessary or appropriate, and in preparing any document or other materials which may be required by
any governmental agency in connection with the transactions contemplated herein. 
 ARTICLE V 

COVENANTS OF BUYER 
 Buyer
hereby covenants and agrees as follows: 
 Section 5.01 Employees. 

(a) Buyer covenants and agrees to offer employment to all the Employees employed by Seller immediately prior to the
Closing and identified on Schedule 3.01(J) hereto at terms no less favorable than those offered by Seller immediately prior to the Closing Date; provided, however, that nothing in this Section 5.01 shall restrict or otherwise
limit Buyer’s right to modify any such employment terms or benefits, in its sole discretion, in accordance with the terms of such arrangements at any future time. Buyer shall have the sole right with respect to, and be solely responsible for,
establishing all terms and conditions relating to the new hires and nothing in this Agreement or otherwise shall obligate Buyer after it has hired or engaged any employee or independent contractor to continue to employ or engage any employee or
independent contractor for any length of time. 
 (b) Buyer shall be solely responsible for, shall indemnify and
shall hold harmless (in accordance with the provisions of Article VIII of this Agreement) Seller and its directors, officers, members, employees, agents and Affiliates, at all times after the Closing Date, against and in respect to any Claims
relating to or arising from (i) Buyer’s failure to offer employment to the Employees; and (ii) any liabilities and obligations arising under COBRA after the Closing Date in accordance with 

Section 27(b) Article VI of COBRA. 

  
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 ARTICLE VI 
 CONDITIONS TO THE CLOSING; CLOSING DELIVERIES 
 Section 6.01
Conditions to the Obligations of the Parties. The obligations of the parties to effect the transactions contemplated by this Agreement shall be subject to the fulfillment at or prior to the Closing of the following conditions: 

(a) No statute, rule, regulation, executive order, decree, temporary restraining order, preliminary or permanent
injunction or other order enacted, entered, promulgated, enforced or issued by any Governmental Entity or other legal restraint or prohibition preventing the transactions contemplated by this Agreement shall be in effect. 

(b) No action shall have been commenced by any Governmental Entity charged with bringing or enforcing the antitrust,
competition or trade regulatory laws of the United States seeking to restrain or prohibit the transactions contemplated by this Agreement. 
 Section 6.02 Conditions to the Obligations of Buyer. The obligations of Buyer to effect the transactions contemplated by this Agreement shall be subject to the fulfillment at or prior
to the Closing of the following conditions, any or all of which may be waived in whole or in part by Buyer: 

(a) The representations and warranties of Seller set forth in Section 3.01 of this Agreement that are qualified as
to materiality shall be true and correct, and those that are not so qualified shall be true and correct in all material respects, at and as of the Closing Date, except that those representations and warranties which address matters only as of a
particular date shall remain true and correct only as of such date; 
 (b) Seller shall have performed and
complied in all material respects with all of its obligations required by this Agreement to be performed or complied with at or prior to the Closing; 
 (c) The board of directors of Seller shall have approved this Agreement and the transactions contemplated hereby; and 

(d) Seller shall have terminated (1) the sublease by and between Buyer and Seller, dated as of March 6, 2008,
for the Leased Premises; (2) the Amended and Restated Advisory Management Agreement by and between Seller and Redford Holdco, LLC, a Delaware limited liability company (“Redford Holdco”), dated as of November 21, 2008; and
(3) the Amended and Restated Advisory Management Agreement by and among Seller, Buyer, and Redford Holdco, dated as of November 21, 2008. 
 Section 6.03 Conditions to the Obligations of Seller. The obligations of Seller to effect the transactions contemplated by this Agreement shall be subject to the fulfillment at or prior
to the Closing of the following conditions, any or all of which may be waived in whole or in part by Seller: 

  
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 (a) The representations and warranties of Buyer set forth in
Section 3.02 of this Agreement that are qualified as to materiality, shall be true and correct, and those that are not so qualified shall be true and correct in all material respects at and as of the Closing Date, except that those
representations and warranties which address matters only as of a particular date shall remain true and correct only as of such date; 
 (b) Buyer shall have performed and complied in all material respects with all of its obligations required by this Agreement to be performed or complied with at or prior to the Closing; and 

(c) The board of directors of Buyer shall have approved this Agreement and the transactions contemplated hereby.

 Section 6.04 Closing Deliveries of Seller. At the Closing, Seller shall deliver to Buyer:

 (a) the Assumption Price, by wire transfer in immediately available funds; 

(b) a certificate of good standing of Seller and a copy of Seller’s certificate of formation filed with the Delaware
Secretary of State, as amended to the date hereof; 
 (c) a copy of the limited liability company agreement and
any other governing documents of Seller, each as amended to the date hereof, certified by the secretary of Seller, or other person with similar functions and authority, together with an incumbency certificate and a certified copy of all company
actions required for the execution and delivery of this Agreement and the performance by Seller of all of Seller’s obligations hereunder; 
 (d) a certificate in form and substance reasonably satisfactory to Buyer, dated the Closing Date and executed by Seller, certifying that (i) the representations and warranties of Seller contained in
this Agreement are true, complete and correct in all material respects as of the Closing Date, as though such representations and warranties were made at and as of such dates, except for changes expressly permitted or contemplated by the terms of
this Agreement; and (ii) Seller has, in all material respects, performed and complied with all agreements, obligations, covenants and conditions required by the Agreement to be performed or complied with by Seller at or prior to the Closing
Date, and is not in default of this Agreement in any respect; 
 (e) such duly executed bills of sale,
assignments and other instruments of transfer as Buyer reasonably determines are necessary or appropriate in order to convey, transfer, assign to and vest in Buyer full ownership, right, title and interest in and to the Purchased Assets, free and
clear of all claims, liens, charges and encumbrances of any nature whatsoever other than: (i) those created or incurred by Buyer; (ii) those relating to leases; (iii) those relating to the Assumed Liabilities; and (iv) those for
personal property taxes or governmental changes and levies that are a lien, but not yet due and payable; and 

(f) such other customary instruments, documents and certificates as may be reasonably necessary to carry out the
transactions contemplated by this Agreement and to comply with the terms hereof. 

  
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 Section 6.05 Closing Deliveries of Buyer. At the Closing, Buyer shall
deliver to Seller: 
 (a) the Purchase Price, by wire transfer in immediately available funds; 

(b) a certificate of good standing of Buyer and a copy of Buyer’s amended and restated certificate of incorporation;

 (c) a copy of the bylaws, and any other governing documents of Buyer, each as amended to the date hereof,
certified by the secretary of Buyer together with an incumbency certificate and a certified copy of all corporate actions required for the execution and delivery of this Agreement and the performance by Buyer of all of its obligations hereunder;

 (d) a certificate in form and substance reasonably satisfactory to Seller, dated the Closing Date and
executed by an officer or manager of Buyer, certifying that (i) the representations and warranties of Buyer contained in this Agreement are true, complete and correct in all material respects as of the Closing Date, except for changes expressly
permitted or contemplated by the terms of this Agreement; and (ii) Buyer has, in all material respects, performed and complied with all agreements, obligations, covenants and conditions required by the Agreement to be performed or complied with
by Buyer at or prior to the Closing Date, and is not in default of this Agreement in any respect; 
 (e) such
duly executed instruments of assignment and assumption as Seller reasonably deems necessary or appropriate to effect the assumption by Buyer of the Assumed Liabilities; and 

(f) such other customary instruments, documents and certificates as may be reasonably necessary to carry out the
transactions contemplated by this Agreement and to comply with the terms hereof. 
 ARTICLE VII 

POST-SIGNING AND POST-CLOSING MATTERS 
 Section 7.01 Additional Actions. Seller shall, without further consideration, execute whatever minutes of meetings or other instruments and take whatever action Buyer may deem
reasonably necessary or desirable to effect, perfect or confirm of record or otherwise in Buyer full right, title and interest in and to the Purchased Assets or to carry out the intent and purposes of the transactions contemplated hereby and such
cooperation shall not unreasonably interfere with the operations of Seller. 
 Section 7.02 Release of Personal
Guarantees. Buyer shall arrange for the release of any personal guarantees of Affiliates of Seller, if any, made in relation to the Purchased Assets. Buyer shall indemnify and hold harmless (in accordance with the provisions of Article VIII
of this Agreement) Seller and its members, against and in respect to any Claims relating to or arising from Buyer’s failure to release all personal guarantees in accordance with this Section 7.02. 

  
 18 

 Section 7.03 Employee Benefits. 

(a) Except as otherwise provided in this Section 7.03, as of the Closing Date, the Employees of Seller who
are hired by Buyer will no longer be eligible to be covered under any Employee Benefit Plan maintained by Seller, except as may be required by law, and any benefits payable to such Employees under any such Employee Benefit Plan will be paid in
accordance with the terms of the plan documents. 
 (b) With respect to group health coverage required to be
provided under COBRA, Buyer and Seller agree that the obligations of Buyer and Seller shall be allocated in accordance with the default obligations under 26 CFR 54.4980B-9, Q-8. 

ARTICLE VIII 
 SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION 
 Section 8.01
Survival of Representations and Warranties. Every representation, warranty, covenant and agreement of the parties set forth in this Agreement and every one of the rights and remedies of the non-breaching party for any one or more breaches
of this Agreement by the other party shall survive the Closing. Any claim made with respect to any representation, warranty or covenant of this Agreement shall be made within two years following the Closing by written notice pursuant to
Section 10.01; except for any claim made with respect to any representation, warranty or covenant of this Agreement made with respect to any employment related claim in which case such claim shall be made within six years following the
Closing by written notice pursuant to Section 10.01. 
 Section 8.02 Indemnification by Seller. Seller
agrees to indemnify Buyer, its directors, managers, officers, shareholders, agents, representatives and employees, as the case may be, (collectively, the “Buyer Parties”) and hold the Buyer Parties harmless from and against any and all
Claims that arise out of or result from, but only to the extent that such matters exceed, in the aggregate, $10,000: 
 (a) the inaccuracy of any representation or breach of any warranty, covenant or agreement made by Seller in this Agreement, including exhibits and schedules, or in any certificate, document or other
instruments delivered in connection herewith; 
 (b) any obligation or liability specifically assumed by Seller
hereunder; 
 (c) any obligation, contract or liability of Seller not constituting one of the Assumed
Liabilities, including without limitation any violation of any Environmental Law based on (A) a condition existing prior to the Closing Date, or (B) the acts or omissions of Seller or Seller’s agents, employees or contractors;

 (d) any and all claims, demands, liabilities, penalties, actions, lawsuits, or proceedings brought against
Buyer Parties to the extent that they relate to claims made by any of the Employees with respect to their employment by Seller or their entitlement to benefits under Seller’s Employee Benefit Plans; 

  
 19 

 (e) any and all claims, demands, liabilities, penalties, actions, lawsuits,
or proceedings brought against any Buyer Parties to the extent that they relate to actions taken or omitted to be taken, violations of law prior to the Closing Date in connection with the Purchased Assets; 

(f) any and all taxes and charges claimed to be due or collected by any federal, state, or local taxing authorities with
respect to Seller for any business or activity of Seller prior to the Closing Date, including any and all taxes owed by Buyer which arise in respect of any transaction contemplated by this Agreement, other than any taxes or charges incurred by any
Buyer Party in its capacity as a direct or indirect equity owner of Seller; 
 (g) any claim for a finder’s
fee, brokerage or other commission arising by reason of any services alleged to have been rendered to or at the instance of any Seller with respect to the transactions contemplated hereby; and 

(h) any and all actions, suits, proceedings, claims, demands, assessments, judgments, costs and expenses, including,
without limitation, reasonable legal fees and expenses, incident to any of the foregoing or incurred in attempting to oppose the imposition thereof, or in enforcing this indemnity. 

Section 8.03 Indemnification by Buyer. Buyer agrees to indemnify Seller, its directors, managers, officers, members,
agents, representatives, and employees, as the case may be, (collectively, the “Selling Parties”) and hold the Selling Parties harmless from and against any and all Claims that arise out of or result from, but only to the extent that such
matters exceed, in the aggregate, $10,000: 
 (a) the inaccuracy of any representation or breach of any
warranty, covenant or agreement made by Buyer in this Agreement, including exhibits and schedules, or in any certificate, document or other instruments delivered in connection herewith; 

(b) any obligation or liability specifically assumed by Buyer hereunder; 

(c) any obligation, contract or liability of Buyer arising after the Closing Date, including without limitation:

 (i) any violation of any Environmental Law based on (A) a condition arising after the Closing Date, or
(B) the acts or omissions of Buyer or Buyer’s agents, employees or contractors; and 
 (ii) any Claim
by any employee of Buyer, including employees previously employed by Seller, for accrued compensation, vacation pay, severance benefits or other benefits owing or maintained by Buyer arising out of services rendered after the Closing Date;

 (d) any and all claims, demands, liabilities, penalties, actions, lawsuits, or proceedings brought against
any Selling Parties to the extent that they relate to claims 

  
 20 

 
made by any of the Employees with respect to their employment by Buyer or their entitlement to benefits under Buyer’s Employee Benefit Plans; 

(e) any and all claims, demands, liabilities, penalties, actions, lawsuits, or proceedings brought against any Selling
Parties to the extent that they relate to actions taken or omitted to be taken, violations of law, on or after the Closing Date in connection with the Purchased Assets; 

(f) any and all taxes and charges claimed to be due or collected by any federal, state, or local taxing authorities with
respect to Buyer for any business or activity of Buyer on or after the Closing Date, including and together with any and all taxes or charges owed by Buyer which arise in respect of any transaction contemplated by this Agreement, other than any
taxes or charges incurred by any Seller Party in its capacity as a direct or indirect equity owner of Buyer; 

(g) any claim for a finder’s fee, brokerage or other commission arising by reason of any services alleged to have
been rendered to or at the instance of Buyer with respect to the transactions contemplated hereby; and 
 (h)
any and all actions, suits, proceedings, claims, demands, assessments, judgments, costs and expenses, including without limitation, reasonable legal fees and expenses, incident to any of the foregoing or incurred in attempting to oppose the
imposition thereof, or in enforcing this indemnity. 
 Section 8.04 Notice of Defense of Claims. With respect
to any Claim for which either Buyer on the one hand or Seller on the other hand shall seek indemnification from the other under Section 8.02 or Section 8.03, the party requesting indemnification (the
“Indemnitee”) shall promptly give the party that is obligated to provide indemnification (the “Indemnitor”) written notice thereof in accordance with this Agreement provided that the failure of the Indemnitee to
give timely notice of a Claim shall not bar such Claim except to the extent (and only to the extent) that the failure to give timely notice is materially prejudicial to the Indemnitor. Such notice shall describe the claim in reasonable detail and
shall indicate the dollar amount (if and to the extent reasonably ascertainable) of the Claim that has been or may be sustained by the Indemnitee. The Indemnitor may elect to compromise or defend, at the Indemnitor’s own expense, the asserted
liability, by so notifying the Indemnitee within thirty (30) days after Indemnitee’s notice (or sooner, if the nature of the asserted liability so requires and the Indemnitee has so requested in its notice); provided, however, that after
the Indemnitee’s notice, the Indemnitee may notify the Indemnitor in writing that it has rescinded its claim for indemnification and relieved the Indemnitor of its obligations under Section 8.02 or Section 8.03 with
respect to a particular asserted liability, and the Indemnitee shall thereafter have the sole right to compromise or defend such asserted liability. If the Indemnitor elects to compromise or defend such asserted liability, the defense shall be
conducted by counsel chosen by the Indemnitor and approved by the Indemnitee, which approval shall not be unreasonably withheld or delayed, the proceedings shall be promptly settled or diligently prosecuted to a final conclusion by the Indemnitor,
and the Indemnitee shall cooperate, at the expense of the Indemnitor, in the compromise of, or defense of, any such asserted liability. If the Indemnitor elects not to compromise or defend such asserted liability, or fails to notify the Indemnitee
of its 

  
 21 

 
election as herein provided, the Indemnitee may pay, compromise or defend such asserted liability, at the expense of the Indemnitor and without need of the consent of the Indemnitor. In all other
circumstances, neither the Indemnitor nor the Indemnitee may settle or compromise any claim over the objection of the other; provided, however, that consent to settlement or compromise shall not be unreasonably withheld or delayed. If the Indemnitor
chooses to defend or compromise any claim, the Indemnitee shall make available to the Indemnitor any books, records or other documents within its control that are necessary or appropriate for such defense or compromise. 

ARTICLE IX 

TERMINATION AND AMENDMENT 
 Section 9.01 Termination. 
 (a) Buyer may
terminate this Agreement at any time prior to the Closing if Buyer, in its sole discretion, is unsatisfied with any matter as a result of its due diligence. To terminate this Agreement, Buyer shall notify Seller in writing that it is terminating
this Agreement due to unsatisfactory due diligence findings. 
 (b) This Agreement may be terminated at any time
prior to the Closing: (i) by mutual written consent of the parties, or (ii) by Seller if Buyer has materially breached any of its representations or warranties, has failed to deliver the items required to be delivered in
Section 6.05, or has failed in a material respect to perform any of its covenants or agreements contained in this Agreement and Buyer has failed to cure any such breach or failure to perform prior to the Closing after written notice
thereof has been delivered by Seller to Buyer, or (iii) by Buyer if Seller has materially breached any of its representations or warranties, has failed to deliver the items required to be delivered in Section 6.04, or has failed in
a material respect to perform any of its covenants or agreements contained in this Agreement and Seller has failed to cure any such breach or failure to perform prior to the Closing after written notice thereof has been delivered by Buyer to Seller.

 Section 9.02 Effect of Termination. Except for the provisions set forth in Article X, which shall survive
the termination of this Agreement, if this Agreement is terminated pursuant to Section 9.01, this Agreement shall forthwith become void and of no further force and effect and the parties shall be released from any and all obligations
hereunder. 
 Section 9.03 Amendment. This Agreement may be amended by the parties at any time before the
Closing by an instrument in writing signed on behalf of each of the parties. 

  
 22 

 ARTICLE X 
 MISCELLANEOUS 
 Section 10.01 Notices. Any notices,
requests and other communications hereunder shall be in writing and shall be deemed given on the date of delivery, if delivered personally, by facsimile transmission, or by overnight courier, or three (3) days after mailing, if sent by
registered or certified United States mail, postage prepaid and return receipt requested, in each case addressed as follows: 
  

			
	To Buyer:                	  	Spirit Finance Corporation
		  	14631 North Scottsdale Road, Suite 200
		  	Scottsdale, AZ 85254
		  	Attention: Chief Financial Officer
		
	To Seller:	  	Spirit Finance Capital Management, LLC
		  	14631 North Scottsdale Road, Suite 200
		  	Scottsdale, AZ 85254
		  	Attention: Chief Financial Officer

 except that any of the foregoing may from time-to-time by written notice to the others designate another address that
shall thereupon become its effective address for the purposes of this Section 10.01. Any notice delivered by facsimile shall be confirmed by a written notice delivered in the mails, by overnight courier or personally; provided that the
foregoing shall not effect the time for when such facsimile notice shall have been considered to have been delivered, such delivery being determined as provided in the first sentence of this Section 10.01. 

Section 10.02 Sole Agreement. This Agreement constitutes the only agreement by and among the parties hereto with
respect to the subject matter hereof and supersedes any prior understandings or written or oral agreements between the parties with respect to the subject matter of this Agreement. 

Section 10.03 Expenses. Unless otherwise provided in this Agreement, the Buyer shall pay all expenses of Buyer and
Seller incident to the preparation and carrying out of this Agreement, whether or not the transactions contemplated by this Agreement are consummated. 
 Section 10.04 Schedules. A schedule to this Agreement shall not be considered deficient for a failure to disclose certain information required to be disclosed on such schedule if the
same information is disclosed on another schedule. 
 Section 10.05 Entire Agreement. This Agreement sets
forth all rights, obligations and liabilities of the parties, and no terms and provisions hereof or thereof, including, without limitation, the terms and provisions contained in this sentence, shall be waived, modified or

  
 23 

 
altered so as to impose any additional obligations or liability or grant any additional right or remedy and no custom, payment, act, knowledge, extension of time, favor or indulgence, gratuitous
or otherwise, or words or silence at any time, shall impose any additional obligation or liability or grant any additional right or remedy or be deemed a waiver or release of any obligation, liability, right or remedy except as set forth in a
written instrument properly executed and delivered by the party sought to be charged, expressly stating that it is, and the extent to which it is, intended to be so effective. No assent, express or implied, by any party, or waiver by any party, to
or of any breach of any term or provision of this Agreement shall be deemed to be an assent or waiver to or of such or any succeeding breach of the same or any other such term or provision. 

Section 10.06 Partial Invalidity. If any term or provision of this Agreement or the application thereof to any Person,
property or circumstances shall to any extent be invalid or unenforceable, the remainder of this Agreement or the application of such term or provision to Persons, property or circumstances other than those as to which it is invalid or unenforceable
shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 
 Section 10.07 Successors; Benefit. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, legal representatives, successors and assigns of the parties
hereto. The parties do not intend to confer any benefit under this Agreement on anyone other than a party hereto or its successors in interest and nothing contained herein shall be deemed to confer any such benefit on any such Person. No rights,
obligations or liabilities hereunder shall be assignable by any party without the prior written consent of the other parties; provided, however, that Buyer shall have the right to assign its rights hereunder to an Affiliate provided that no such
assignment shall release Buyer from its obligations hereunder. 
 Section 10.08 Governing Law. This Agreement
and the transactions contemplated hereby shall be construed and enforced in accordance with the laws of the State of Delaware without regard to the conflict of law provisions thereof. 

Section 10.09 Headings. The various section headings in this Agreement are inserted for convenience of reference only
and shall not affect the meaning or interpretation of this Agreement or any provisions hereof. 
 Section 10.10
Facsimile, E-mail; Counterparts. Signatures on this Agreement may be communicated electronically by e-mail or by facsimile transmission and shall be binding upon the parties transmitting the same by e-mail or facsimile transmission.
Counterparts with original signatures shall be provided to the other party within seven days of the applicable e-mail or facsimile transmission; provided, however, that the failure to provide the original counterpart shall have no effect on the
validity or the binding nature of the Agreement. This Agreement may be executed in one or more counterparts, each of which when executed shall be deemed to be an original but all of which together shall constitute one and the same Agreement.

 Section 10.11 Waiver of Jury Trial. TO THE EXTENT ALLOWED BY LAW, THE PARTIES HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY 

  
 24 

 
AND ALL ISSUES PRESENTED IN ANY ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM BROUGHT BY ANY OF THE PARTIES HERETO AGAINST ANY OTHER PARTY OR ITS SUCCESSORS WITH RESPECT TO ANY MATTER ARISING OUT OF
OR IN CONNECTION WITH THIS AGREEMENT, AND/OR ANY CLAIM FOR INJURY OR DAMAGE, OR ANY EMERGENCY OR STATUTORY REMEDY. THIS WAIVER BY THE PARTIES HERETO OF ANY RIGHT ANY OF THEM HAVE TO A TRIAL BY JURY HAS BEEN NEGOTIATED AND IS AN ESSENTIAL ASPECT OF
THEIR BARGAIN. FURTHERMORE, THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT THEY HAVE TO SEEK PUNITIVE OR EXEMPLARY DAMAGES FROM THE OTHER PARTIES WITH RESPECT TO ANY AND ALL ISSUES PRESENTED IN ANY ACTION, PROCEEDING,
CLAIM OR COUNTERCLAIM BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY OR THEIR SUCCESSORS WITH RESPECT TO ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY DOCUMENTS CONTEMPLATED HEREIN OR RELATED HERETO. THE WAIVER BY THE PARTIES
OF ANY RIGHT THEY MAY HAVE TO SEEK PUNITIVE OR EXEMPLARY DAMAGES HAS BEEN NEGOTIATED BY THE PARTIES, AND IS AN ESSENTIAL ASPECT OF THEIR BARGAIN. 
 Section 10.12 No Third-Party Beneficiaries. Notwithstanding anything to the contrary in this Agreement, the parties to this Agreement agree that none of the transactions contemplated by
this Agreement is intended to create, nor may any provision hereof be construed to create, any right (whether as a third-party beneficiary or otherwise) in any third party (except as may be created in permitted successors and/or assigns).

 Section 10.13 Construction of Agreement. The parties and their counsel have participated fully in the
review and revision of this Agreement. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply to the interpretation of this Agreement. 

Section 10.14 Prevailing Party. If any legal action or any other proceeding is brought for the enforcement of this
Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of this Agreement, the party or parties entitled to recover costs in any suit, whether or not brought to judgment, and whether
or not incurred before or after the filing of suit, shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding, in addition to any other relief to which it or they may be entitled. 

Section 10.15 Survival. All of the representations, warranties, covenants, obligations and agreements contained in
this Agreement shall survive the execution and delivery of this Agreement and any and all documents or instruments delivered in connection herewith, and shall survive the Closing hereunder and the transfer and conveyance of the Purchased Assets
hereunder. 
 *    *    *    *    * 

  
 25 

 IN WITNESS WHEREOF, the parties hereto have executed this Asset Purchase Agreement as of the
date set forth above. 
  

			
	 SPIRIT FINANCE CAPITAL
 MANAGEMENT, LLC

		
	By:	 	/s/    Michael A. Bender
	 Name:
 Title:
	 	 Michael A. Bender
 Chief
Financial Officer

  

			
	SPRINT FINANCE CORPORATION
		
	By:	 	/s/    Julie N. Dimond
	 Name:
 Title:
	 	 Julie N. Dimond
 Vice
President

 Signature Page to Asset Purchase Agreement 

 SCHEDULE 2.02(a)(i) 

COMPUTER HARDWARE OWNED OR LEASED BY SELLER 
  

			
	 System ID
	  	 System Description

	 00T6130-48323
	  	20.1 UltraSharp 2005FPW Monitor
	 0HF730-46634
	  	20.1 UltraSharp 2005FPW Monitor
	 132T
	  	Dell Powervault Backup Unit
	 13R4NN1
	  	Dell Vostro 430
	 1950 POWEREDGE
	  	Dell backup server power edge 1950
	 1B7PYC1
	  	Dell Optiplex Core 2 duo
	 23X5NF1
	  	Dell Neo Core Duo
	 2N5VT51
	  	Dell server
	 3201817
	  	Travel Laptop
	 326RTK1
	  	Dell Optiplex 755 Core 2 duo
	 5N58771
	  	Dell Laptop Pentium M790
	 61GJWG1
	  	Dell Optiplex 755 desktop
	 6J0HL51
	  	Latitude D600 computer
	 6L30SK1
	  	Dell Optiplex 760 Core 2 duo
	 7103400952
	  	2 ViewSonic 27” flat panel LCD monitors
	 7287201K11WS
	  	2 Dell 24” flat panel displays
	 742610871CLU
	  	2 Dell 24” flat panel displays
	 74261-95V-1CUL
	  	3 flat screen monitors
	 7426202J17RU
	  	2 Dell 24” flat panel displays
	 7461-P52-OTWU
	  	3 dell 24” monitors
	 75B-1LWS
	  	LCD 22 inch model E228WFP
	 75F-0UXM
	  	LCD 22 inch model E228WFP
	 76P-1ZXM
	  	LCD 22 inch model E228WFP
	 7BWXDK1
	  	Dell Optiplex 360
	 81RQJL1
	  	Dell Optiplex 960
	 84SDKM1
	  	Dell Optiplex 980
	 84VDKM1
	  	Dell Optiplex 980 and monitor
	 8XZ1PN1
	  	Dell Optiplex 980
	 B13032303399
	  	Viewsonic projector
	 BGPVMM1
	  	Dell Optiplex 980
	 BLACKBERRY
	  	10 Blackberry Licenses
	 BZFBLM1
	  	Dell Optiplex 980
	 CAT0842Y09X
	  	Cisco 48 Port Switch
	 CHK053W01Q
	  	Cisco WSC-3551-12T Switch
	 CISCO1721
	  	Router parts and main
	 CN-0G273H
	  	2 Dell flat screen monitors
	 CON-SNT-PKG4
	  	Cisco WS-3550 Switch
	 CTNC3H1
	  	Dell Optiplex 755 desktop
	 D46ZJM1
	  	Dell Vostro 430
	 D6LBMDH1
	  	Dell Latitude E6400 notebook
	 DBGMBYC1
	  	Dell Optiplex core 2 duo
	 POWERVAULT
	  	Dell powervault tape library
	 DX7JKK1
	  	Dell Optiplex 750 Quad core
	 FBZM581
	  	Dell server - Xeon Nocona
	 FDTYQL1
	  	Dell Optiplex 980
	 FIREWALL BOX
	  	Watchguard firebox X750e Firewall
	 G8QB2D1
	  	Dell Optiplex 745 and monitor
	 GM84SL1
	  	Dell Optiplex 980

 SCHEDULE 2.02(a)(i) (CONTINUED) 

COMPUTER HARDWARE OWNED OR LEASED BY SELLER 
  

			
	 System ID
	  	 System Description

	 GN33MN1
	  	Dell Optiplex 980
	 HSDX3K1
	  	Dell Optiplex 760 and monitor
	 J0017FBM
	  	Sony TX650, Battery & Memory Upgrades
	 LT46244
	  	Mitsubishi 46: 1080p LCD TV
	 LT52244
	  	Mitsubishi 52” LCD TV
	 MITXD7OU
	  	Mitsubishi projector & mount
	 MXQ02609KM
	  	Server-HP ProLiant DL180
	 OTW9556-64180
	  	20.1” SP2008WFP Flat panel display
	 T6P-1ZNM
	  	LCD 22 inch model E228WFP
	 VTL800
	  	Mimio whiteboard
	 WS-3550-48-SMI
	  	Cisco Switch
		
	 Assets not yet in service:
	  	
	 1F388P1
	  	Dell Optiplex 780
	 1F448P1
	  	Dell Optiplex 780
	 FV0WDP1
	  	Dell Optiplex 780

 SCHEDULE 2.02(a)(ii) 

SOFTWARE OWNED OR LICENSED BY SELLER 
  

			
	 System ID
	  	 System Description

	 ACTIVE PRIME
	  	ActivePrime CleanCRM Standard
	 GREAT PLAINS
	  	Software - Great Plains
	 INTDEVSOFTWARE
	  	Internally Developed Software
	 MS EXCHANGE
	  	Microsoft Exchange Server 2003
	 MS OFFICE
	  	Microsoft Office Pro 2003 Licenses
	 MS OFFICE VISIO
	  	Microsoft Office Visio Standard
	 SALES LOGIX
	  	Software - Sales Logix
	 SAS STAT
	  	SAS Statistical Analysis Tool
	 SQL SOFTWARE
	  	Server tools for SOX

 SCHEDULE 2.02(a)(iii) 

PERSONAL PROPERTY OF SELLER, OFFICE EQUIPMENT AND SIMILAR 
 PERSONAL PROPERTY RELATING TO THE BUSINESS OWNED BY SELLER AND 
 LOCATED
AT THE LEASED PREMISES 
  

			
	 System ID
	  	 System Description

	 INT-550.2255
	  	3 Inter-Tel Axxess DKSC station cards
	 OE-010903-2
	  	granite conference table / 10 chairs
	 OE-011607-03
	  	Filing System (2-drawer and shelves)
	 OE-011607-04
	  	Magna - Office 210 (desk hutch bookcase)
	 OE-011607-05
	  	Magna - Office 211 (desk hutch bookcase)
	 OE-011607-06
	  	Office Star Space Chairs (24)
	 OE-011607-07
	  	Magna - Cubicles (6 single cubes)
	 OE-011607-08
	  	Magna - Cubicles (16 double cubes)
	 OE-011607-09
	  	Filing System (fireproof 4 towers)
	 OE-012506
	  	4 Filing Cabinets
	 OE-031405
	  	Filing cabinet
	 OE-033105
	  	Server rack system
	 OE-042004
	  	Freedom Executive Chair
	 OE-050108
	  	4 Taylor chairs and fabric
	 OE-050109
	  	Server racks
	 OE-050208
	  	2 Bookcases in suite 250
	 OE-060106
	  	2 Putnam Chairs
	 OE-060106
	  	14 Taylor Chairs (4 Espresso/
10 Paisley)
	 OE-060106
	  	Raleigh Court Double Pedestal Desk
	 OE-060106
	  	2 Raleigh Court 42” Round Tables
	 OE-060106
	  	7 Wood Back Chairs with Fabric Seats
	 OE-060106
	  	9 Fabric Barrel Chairs
	 OE-060106
	  	Additional Costs
	 OE-060106
	  	2 Putman Chairs
	 OE-060106
	  	14 Taylor Chairs
	 OE-063006
	  	9 Executive Mesh Chairs
	 OE-071503
	  	Server rack system
	 OE-071805
	  	Filing Cabinet
	 OE-071805
	  	Filing Cabinet
	 OE-072905
	  	Phone Cabinet
	 OE-080204-1
	  	Taylor Caster Chairs (18)
	 OE-080204-10
	  	Café Parfait Furniture
	 OE-080204-11
	  	Wing chairs (22)
	 OE-080204-14
	  	Credenza - Office 210
	 OE-080204-15
	  	Credenza - Office 211
	 OE-080204-16
	  	Credenza - Office 212
	 OE-080204-17
	  	Desk - Office 212
	 OE-080204-18
	  	Conference Table - Office 212
	 OE-080204-19
	  	Credenza - Office 213
	 OE-080204-2
	  	Taylor Caster Chairs (8)
	 OE-080204-20
	  	Desk - Office 213
	 OE-080204-21
	  	Conference Table - Office 213
	 OE-080204-22
	  	Credenza - Office 214
	 OE-080204-23
	  	Desk - Office 214
	 OE-080204-24
	  	Conference Table - Office 214
	 OE-080204-25
	  	Credenza - Office 218

 SCHEDULE 2.02(a)(iii) (CONTINUED) 

PERSONAL PROPERTY OF SELLER, OFFICE EQUIPMENT AND SIMILAR PERSONAL 

PROPERTY RELATING TO THE BUSINESS OWNED BY SELLER AND LOCATED AT THE 

LEASED PREMISES 
  

			
	 System ID
	  	 System Description

	 OE-080204-26
	  	Desk - Office 218
	 OE-080204-27
	  	Desk - Office 218
	 OE-080204-28
	  	Credenza - Office 219
	 OE-080204-29
	  	Desk - Office 219
	 OE-080204-3
	  	Taylor Caster Chairs (8)
	 OE-080204-30
	  	Desk - Office 219
	 OE-080204-31
	  	Desk - Office 221
	 OE-080204-32
	  	Credenza - Office 221
	 OE-080204-33
	  	Desk - Office 222
	 OE-080204-34
	  	Credenza - Office 222
	 OE-080204-35
	  	Desk - Office 224
	 OE-080204-36
	  	Credenza - Office 224
	 OE-080204-37
	  	Desk - Office 225
	 OE-080204-38
	  	Credenza - Office 225
	 OE-080204-39
	  	Credenza - Office 226
	 OE-080204-4
	  	Black Star Exec Chairs (30)
	 OE-080204-42
	  	File Room Revolving Cabinets
	 OE-080204-43
	  	Trans-West Phone System
	 OE-080204-5
	  	Modular Magna - Area 215
	 OE-080204-6
	  	Modular Magna - Area 223
	 OE-080204-7
	  	Modular Magna - Area 216
	 OE-080204-8
	  	Trinity Conf Chairs (12)
	 OE-080204-9
	  	Trinity Conf Chairs (20)
	 OE-080207-1
	  	Lateral File - Office 204
	 OE-080207-2
	  	Conference Table - 4 piece
	 OE-080207-3
	  	Desk - Office 204
	 OE-080207-4
	  	Bookcase - Office 202
	 OE-080207-5
	  	Bookcases - Office 202
	 OE-080207-6
	  	Metal Bookcases - Corporate Records
	 OE-080207-7
	  	Metal Bookcases - Corporate Records
	 OE-080207-8
	  	Leather Mid Back Chairs (18)
	 OE-081307
	  	Ultra High Back Office Chair
	 OE-082108
	  	Credenza Stack Unit (2 pc)
	 OE-082405
	  	Trans-West Phone System Upgrade
	 OE-091007-1
	  	Desk & Credenza - JB Office
	 OE-091007-1
	  	Bookcases (3) - JB Office
	 OE-091007-1
	  	Conference Table - JB Office
	 OE-091007-1
	  	Conference Table - SW Office
	 OE-091007-1
	  	Bookcase - NE Office
	 OE-091007-1
	  	Credenza - NE Office
	 OE-091007-1
	  	Bookcase - NW Office
	 OE-091007-1
	  	Credenza - NW Office
	 OE-091007-1
	  	Credenza - S Office
	 OE-091007-1
	  	Ultra High Back Office Chair
	 OE-120105-03
	  	Modular Magna (10)
	 OE-120105-04
	  	Black Star Executive Chairs (13)

 SCHEDULE 2.02(a)(iii) (CONTINUED) 

PERSONAL PROPERTY OF SELLER, OFFICE EQUIPMENT AND SIMILAR PERSONAL 

PROPERTY RELATING TO THE BUSINESS OWNED BY SELLER AND LOCATED AT THE 

LEASED PREMISES 
  

			
	 System ID
	  	 System Description

	 OE-120105-05
	  	Room A (Desk, Credenza, Hutch) (1)
	 OE-120105-06
	  	Room B (Desk, Credenza, Hutch) (4)
	 OE-120107
	  	2007 Consulting fee / fabric Costs - D&M
	 OE-123009
	  	White board and cabinet
	 TI-080204-2
	  	Sign - 14631 N. Scottsdale

 SCHEDULE 2.02(a)(iv) 

PREPAID EXPENSES 
  

					
	 Prepaid insurance – Navigators (EPLI)
	  	$	2,916.67	  
	 Prepaid insurance – Federal (Crime)
	  	$	10,196.67	  
	 Prepaid insurance – Transamerica (Keyman)
	  	$	4,977.52	  
	 Prepaid insurance – Mass Mutual (Supplemental Life)
	  	$	1,358.63	  
	 Prepaid other – employer FSA contribution
	  	$	11,625.00	  
	 Prepaid other – employment services
	  	$	168,629.42	  
	 Prepaid other – software maintenance (Dell)
	  	$	1,316.87	  
	 Prepaid other – software maintenance (Sherwood)
	  	$	4,878.54	  
	 Prepaid other – phone maintenance (Transwest)
	  	$	220.99	  
	 Prepaid other – antivirus software license (CDW)
	  	$	898.19	  
	 Prepaid other – subscription (EY GAAIT)
	  	$	1,090.00	  
		  	  
	  
	 
	 Total
	  	$	208,108.50	  

 SCHEDULE 2.02(a)(v) 

CONTRACTS 
  

	 	•	 	 Marakesh Consulting, LLC Professional Services Contract effective as of September 25, 2009 

 

	 	•	 	 Pitney Bowes Global Financial Services LLC Postage Equipment Lease effective as of November 27, 2010 

 SCHEDULE 2.04(a) 

ASSUMED LIABILITIES 
  

							
	 Pre-tax medical reimbursement withholding
	  		  	$	13,821.39	  
	 Pre-tax dependent care reimbursement withholding
	  		  	$	4,464.71	  
	 Vendor accruals
	  		  	$	48,046.35	  
	 Accrued incentive compensation
	  		  	$	434,024.98	  
	 Accrued vacation
	  		  	$	81,194.52	  
		  	  
	  	  
	  
	 
	 Total
	  		  	$	581,551.95	  

 SCHEDULE 2.05 
 PAYMENT INSTRUCTIONS 
 The Purchase Price under Section 2.05, if any, shall be
delivered to Seller as follows: 
  

			
	 Bank:
	  	Wells Fargo Bank, National Association
		  	420 Montgomery Street 7th Floor
		  	San Francisco, California
	 ABA:
	  	121000248
	 Further Credit to account:
	  	4121674527
	 Account Name:
	  	Spirit Finance Capital Management
		  	14631 N. Scottsdale Rd #200
		  	Scottsdale, AZ 85254

 The Assumption Price under Section 2.07, if any, shall be delivered to Buyer as follows: 

 

			
	 Bank:
	  	Wells Fargo Bank, National Association
		  	420 Montgomery Street 7th Floor
		  	San Francisco, California
	 ABA:
	  	121000248
	 Further Credit to account:
	  	4121674360
	 Account Name:
	  	Spirit Finance Corporation
		  	14631 N. Scottsdale Rd #200
		  	Scottsdale, AZ 85254

 SCHEDULE 2.06 
 ALLOCATION OF THE PURCHASE PRICE AMONG THE ASSETS 
  

					
	 Class I
	  	$	 0.00	  
	 Class II
	  	$	0.00	  
	 Class III
	  	$	346,479.00	  
	 Class IV
	  	$	0.00	  
	 Class V
	  	$	257,680.50	  
	 Class VI
	  	$	0.00	  
	 Class VII
	  	$	0.00	  
		  	  
	  
	 
	 Total
	  	$	604,159.50	  

 SCHEDULE 3.01(J) 

EMPLOYEES AND EMPLOYMENT AGREEMENTS 
  

							
	 Name
	  	Title	  	Status	  	Agreement
	Ames, Timothy R.	  	Financial Reporting Analyst	  	Employee	  	CIC
	Barrett, Joni G.	  	VP – Compliance	  	Employee	  	CIC
	Bender, Michael A.	  	SVP – Chief Financial Officer	  	Employee	  	CIC
	Benedetto, D. Michael	  	Junior Database Administrator	  	Employee	  	CIC
	Boyce, Leah D.	  	Compliance Specialist	  	Employee	  	CIC
	Burbach, Christopher K.	  	VP – Investment Management	  	Employee	  	CIC
	Burm, Elizabeth J.	  	Controller	  	Employee	  	CIC
	Dimond, Julie N.	  	VP – Tax & Operations	  	Employee	  	CIC
	Doppke, Annette M.	  	Lease Analyst	  	Employee	  	CIC
	Fallis, M. Aileen	  	Administrative Coordinator	  	Employee	  	CIC
	Fowler, Lorraine M.	  	Staff Accountant / AP	  	Employee	  	CIC
	Hall, Jeffrey J.	  	VP – Information Technology	  	Employee	  	CIC
	Hufford, Sean D.	  	VP – Portfolio Management	  	Employee	  	CIC
	Koerperick, Jeffrey B.	  	Portfolio Risk Manager	  	Employee	  	CIC
	Kuscsik, Andrew	  	Assistant Controller	  	Employee	  	CIC
	Little, April Ronchetti	  	Director of Leasing & Dispositions	  	Employee	  	CIC
	Micheels, Julie L.	  	Accounting Manager	  	Employee	  	CIC
	Mora, Robin R.	  	Portfolio Manager	  	Employee	  	CIC
	Pawleska, Troy L.	  	Network Administrator	  	Employee	  	CIC
	Pedapati, Anita	  	Portfolio Reporting Specialist	  	Employee	  	CIC
	Peil, A.J.	  	Analyst	  	Employee	  	CIC
	Phillips, Catherine A.	  	Client Servicing Manager	  	Employee	  	CIC
	Rohde, David G.	  	Director of Financial Reporting	  	Employee	  	CIC
	Rosenberg, Daniel J.	  	Legal Compliance Officer	  	Employee	  	CIC
	Schweppe, Jeremy R.	  	Accounting Manager	  	Employee	  	CIC
	Segel, Michelle L.	  	Administrative Asst – Compliance	  	Employee	  	CIC
	Seibert, Gregg A.	  	SVP – Capital Markets	  	Employee	  	CIC
	Thomas, Lauren N.	  	Administrative Asst – Servicing	  	Employee	  	CIC
	Thompson, Julie C.	  	Tax Manager	  	Employee	  	CIC
	Tiffany, Catherine L.	  	Credit Risk Manager	  	Employee	  	CIC
	Young, Tania U.	  	Client Servicing Specialist	  	Employee	  	CIC

 CIC – Covered by the Change in Control Bonus Plan and Change in Control Severance Plan described in Schedule 3.01(K)
below 

 SCHEDULE 3.01(K) 

EMPLOYEE BENEFIT PLANS 

The following plans are available to eligible Company employees: 
  

	 	•	 	 Aetna Medical Plan, Control Number 306234; Account Number 82045417 

 

	 	•	 	 MetLife Dental Plan, Group Number 5760335 

	 	•	 	 Prudential (basic life/AD&D, voluntary life and AD&D, short-term disability, long-term disability), Control Number 1304

  

	 	•	 	 EyeMed Vision Savings Eyecare Program, Group Number 9238205 

 

	 	•	 	 Spirit Finance Capital Management Cafeteria Plan (Premium Reduction Option Plus Flexible Spending Accounts), Plan Number 502

  

	 	•	 	 Spirit Finance Capital Management 401(k) Profit Sharing Plan effective as of January 1, 2009 

The following additional benefits are outlined in the Company Employee Handbook: 

 

	 	•	 	 Paid Holidays 

  

	 	•	 	 Paid Vacation 

  

	 	•	 	 Paid Sick Leave 

  

	 	•	 	 Medical Leave of Absence 

  

	 	•	 	 Personal Leave of Absence 

  

	 	•	 	 Parental Leave of Absence 

  

	 	•	 	 Military Leave of Absence 

  

	 	•	 	 Civic Duties (Jury Duty, Witness Duty, Voting) 

  

	 	•	 	 Tuition Reimbursement 

  

	 	•	 	 Social Security Insurance 

  

	 	•	 	 Workers’ Compensation Insurance 

  

	 	•	 	 Severance Pay 

  

	 	•	 	 COBRA Benefits 

  

	 	•	 	 Overtime Pay (non-exempt employees) 

 The following separate policies exist: 
  

	 	•	 	 Tuition Reimbursement Policy 

  

	 	•	 	 Expense Reimbursement Policy 

  

	 	•	 	 Mobile Phone Policy 

 The
following other agreements or policies exist: 
  

	 	•	 	 Amended & Restated Change of Control Severance Plan for Certain Covered Participants of Spirit Finance Capital Management, LLC, effective as
of August 10, 2010 

  

	 	•	 	 Spirit Finance Capital Management, LLC Change in Control Bonus Policy, effective as of August 10, 2010 

 SCHEDULE 3.01(K) (CONTINUED) 

EMPLOYEE BENEFIT PLANS 
  

	 	•	 	 2008 Profits Interest Plan of Spirit Finance Capital Management, LLC, adopted as of March 26, 2008 

 

	 	•	 	 Individual Mass Mutual supplemental long-term disability policies for certain employees (annual premium paid through 7/15/2011)

 Historically, the Company has implemented or followed the practices and procedures set forth below, although they have not
been formally adopted in writing: 
  

	 	•	 	 Each new employee receives a formal offer letter stating the initial terms of his or her employment. 

 

	 	•	 	 On an annual basis, cash incentive (bonus) compensation for the Company’s employees is determined by management and approved by the Board.

  

	 	•	 	 On occasion throughout the year, additional bonuses are paid as recommended by senior management for approval by the Board to acknowledge extraordinary
efforts by certain employees. 

  

	 	•	 	 Sales commissions are calculated using a template that has been approved by Company management. 

 

	 	•	 	 Severance payments are paid on an individual basis, as applicable. 

 

	 	•	 	 Moving expenses are paid or reimbursed on an individual basis, as applicable. 

 

	 	•	 	 The Company provides corporate American Express cards for all management employees, as well as all other employees that travel for business or commonly
pay corporate expenses. 

  

	 	•	 	 The Company pays certain dues and trade subscriptions on behalf of employees. 

 

	 	•	 	 The Company pays annual license fees for certain professional certifications, as well as continuing professional education or other required training
(including travel, lodging and meals, if applicable).

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