Common use of Breakpoints Clause in Contracts

Breakpoints. |---------| --------- 11/1/96-10/31/01 - 6% OVER $968,329.46 BASE RENT | 52.50 | 5,083.75 CAM | 7.99 | 773.41 RE TAX | 4.00 | 387.33 P.PD % RENT | | INS. | 0.05 | 5.11 M/A | 2.89 | 280.22 MISC. | | ELEC. | 3.04 | 294.79 ELEC. PLANT | 1.00 | 96.83 WATER | 0.10 | 9.68 SPRINKL. | 0.25 | 24.21 HVAC | 0.81 | 78.85 HVAC PLANT | | TRASH | | |---------| --------- | 72.64 | 7,034.18 |---------| REAL ESTATE ADMINISTRATION LEASE DIGEST INFORMATION -------------------------------------------------------------------------------- DATE PRPRED/RVSED | CARD NO. | TYPE OF LEASE: | | [_] [_] [_] [_] 08/08/01 | 317 | TO U/R BY U/R NEW RENEW -------------------------------------------------------------------------------- ADDRESS OF PREMISES: 3450 WRIGHTSBORO RD. AUGUSTA, GA 30909-2599 -------------------------------------------------------------------------------- RENT: PAYABLE TO (410)992-7881 AUGUSTA MALL INC. P.O. Box 64173 ▇▇▇▇▇▇▇▇▇, MD 21264-4173 -------------------------------------------------------------------------------- MONTHLY RENTAL | ANNUAL RENTAL | LEASE TERM: | | 1,875.00 | 22,500.00 | 1 Yr. 9 Months -------------------------------------------------------------------------------- NO. SQ. FT. RATE PER SQ. FT. EFFECTIVE DATE: 750 | 30.00 05/01/2001 | | EXPIRATION DATE: | 1/31/2003 --------------------------------------------------------------------------------

Breakpoints. |---------| --------- 11/1/96-------- 11/1/97-10/31/01 - 61/31/03--6% OVER $968,329.46 BASE 1,041,600.00 BASIC RENT | 52.50 35.00 | 5,083.75 4,340.00 CAM | 7.99 12.87 | 773.41 1,596.00 OPTION PERIOD: RE TAX | 4.00 4.63 | 387.33 574.00 YEARS 6-10--6% OVER $1,190,400.00 P.PD % RENT | | INS. | 0.05 | 5.11 M/A % RENT SALES: PROMOTION | 2.89 | 280.22 EXCLUDES: FUND | 4.30 | 533.70 1. DISCOUNT SALES TO EMPLOYEES MISC. | | 2. BAD DEBTS WRITTEN OFF THE BOOKS OF ELEC. | 3.04 | 294.79 ELECTENANT AND CHARGES PAID TO CREDIT ELEC.PLANT | | CARD COMPANY NOT TO EXCEED 3%. PLANT | 1.00 | 96.83 WATER | 0.10 | 9.68 SPRINKL. SPRINKLER | 0.25 | 24.21 % RENT CERTIFICATION: HVAC | 0.81 | 78.85 DUE WITHIN 60 DAYS AFTER END OF HVAC PLANT | | LEASE YEAR TRASH | | STATE TAX | 1.31 | 162.01 OPTION PERIOD NOTICE: VLCW M&R | | NOTICE IS DUE 210 DAYS PRIOR TO THE |---------|---------- EXPIRATION OF THE ORIGINAL TERM. | 58.11 | 7,205.71 |---------| --------- | 72.64 | 7,034.18 |---------| REAL ESTATE ADMINISTRATION STATEMENT OF GROSS SALES: DUE 15 DAYS AFTER CLOSE OF EACH CALENDAR MONTH FOR THE PRECEEDING MONTH. SEND SALES REPORT TO THE FOLLOWING ADDRESS ARIZONA MILLS MANAGEMENT OFFICE AT▇▇: ▇ICHELLE CAFFROY 5000 ARIZ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇ #: 602-491-7400 LEASE DIGEST INFORMATION -------------------------------------------------------------------------------- DATE PRPRED/RVSED | CARD NO. | TYPE OF LEASE: | | [_X] [_] [_] [_] 08/08/01 DATE OPENED 05/11/01 | 317 541 | TO U/R BY U/R NEW RENEW March 26, 1999 -------------------------------------------------------------------------------- ADDRESS OF PREMISES: 3450 WRIGHTSBORO RDPrime Outlets at Castle Rock 5050 Factory Shops Blvd., Ste. AUGUSTA#160 Castle Rock, GA 30909-2599 CO 80104 -------------------------------------------------------------------------------- RENT: PAYABLE TO (410)992-7881 AUGUSTA MALL INC. Castle Rock Factory Shops, LP Dept 170 P.O. Box 64173 ▇▇▇▇▇▇▇▇▇17543 Baltimore, MD 2126421297-4173 -------------------------------------------------------------------------------- MONTHLY RENTAL | ANNUAL RENTAL | LEASE TERM: | | 1,875.00 | 22,500.00 | 1 Yr. 9 Months -------------------------------------------------------------------------------- NO. SQ. FT. RATE PER SQ. FT. EFFECTIVE DATE: 750 | 30.00 05/01/2001 | | EXPIRATION DATE: | 1/31/2003 --------------------------------------------------------------------------------7543

Breakpoints. |---------| --------- 11/1/96|-----------|----------- 11/01/99-10/31/01 01/31/05 - 6% OVER BASE RENT | 33.00 | 2,843.50 $568,700.00 CAM | 5.24 | 451.78 MON. MANAGEMENT | | OPTION PERIOD: FEE | 0.99 | 85.31 YEARS 6-10 - 6% OVER $968,329.46 BASE RENT | 52.50 | 5,083.75 CAM | 7.99 | 773.41 RE TAX | 4.00 | 387.33 654,005.00 P.PD % RENT | | INS. | 0.05 | 5.11 ADVERTISING | 0.75 | 64.63 % RENT SALES: MISC. | | EXCLUDES: ELEC. | | 1. DISCOUNT SALES TO EMPLOYEES, NOT TO ELEC. PLANT | | EXCEED 3%. WATER | | 2. BAD DEBTS, NOT TO EXCEED 3%. SPRINKLER | | 3. REPAIR CHARGES, NOT TO EXCEED 2%. HVAC | | HVAC PLANT | | STATEMENT OF GROSS SALES: TRASH | | DUE WITHIN 30 DAYS AFTER CLOSE OF STATE TAX | | EACH CALENDAR MONTH. VLCW M&R | | ----------- ---------- % RENT CERTIFICATION: | 39.98 | 3,445.22 DUE WITHIN 45 DAYS AFTER END OF ----------- LEASE YEAR OPTION PERIOD NOTICE: NOTICE IS DUE NO LATER THAN 180 DAYS PRIOR TO THE EXPIRATION OF THE ORIGINAL TERM. SEND SALES REPORT TO THE FOLLOWING ADDRESS VESTAR/LEND LEASE LONG BEACH ATTN: ACCOUNTING P.O. BOX 16281 2425 EA▇▇ ▇▇▇▇▇▇▇▇▇ ▇OAD, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇TION -------------------------------------------------------------------------------- DATE PRPRED/RVSED | CARD NO. | TYPE OF LEASE: | | [_] [_] [_] [_] 05/11/01 | 530 | TO U/R BY U/R NEW RENEW -------------------------------------------------------------------------------- ADDRESS OF PREMISES: 86 SECOND STREET SAN FRANCISCO, CA 94105 -------------------------------------------------------------------------------- RENT: PAYABLE TO 415-665-2615 SHELLEY FAMILY TRUST c/o WEST COAST SWIS▇ ▇▇▇▇▇ ▇▇ 17▇▇ - ▇▇th AVENUE SAN FRANCISCO, CA 94122 -------------------------------------------------------------------------------- MONTHLY RENTAL | ANNUAL RENTAL | LEASE TERM: | | 6,500.00 | 78,000.00 | 3 YEARS -------------------------------------------------------------------------------- NO. SQ. FT. | RATE PER | EFFECTIVE | SQ. FT. | DATE: | | 966 | 80.75 | 2/1/99 -------------------------------------------------------------------------------- | ANNUAL | EXPIRATION DATE: OPTIONS: | RENTALS | | | 1/31/02 -------------------------------------------------------------------------------- | COST PER| MONTHLY | SQ. FT.| COST |---------| -------- YEARLY REAL ESTATE CHARGE: BASE RENT | 80.75| 6,500.00 Real Estate Tax per year: $665.42 CAM | | RE TAX | | % RENT | | INS. | | M/A | 2.89 | 280.22 MISC. | | ELEC. | 3.04 | 294.79 ELEC. PLANT | 1.00 | 96.83 WATER | 0.10 | 9.68 SPRINKL. | 0.25 | 24.21 HVAC | 0.81 | 78.85 HVAC PLANT | | TRASH | | VLCW EQUIP | | VLCW M&R | | |---------| --------- | 72.64 | 7,034.18 80.75| 6,500.00 |---------| REAL ESTATE ADMINISTRATION LEASE DIGEST INFORMATION -------------------------------------------------------------------------------- DATE PRPRED/RVSED | CARD NO. | TYPE OF LEASE: | | [_] [_] [_] [_] 08/08/01 05/11/01 | 317 531 | TO U/R BY U/R NEW RENEW -------------------------------------------------------------------------------- ADDRESS OF PREMISES: 3450 WRIGHTSBORO RD. AUGUSTA266 NUT TREE ROAD BLDG 1 - B-4 VACAVILLE, GA 30909-2599 CA 95688 -------------------------------------------------------------------------------- RENT: PAYABLE TO (410)992-7881 AUGUSTA MALL INC. FSA Properties, Inc. P.O. Box 64173 ▇▇▇▇▇▇▇▇▇601240 Charlotte, MD 21264NC 28260-4173 1240 -------------------------------------------------------------------------------- MONTHLY RENTAL | ANNUAL RENTAL | LEASE TERM: | | 1,875.00 3,576.67 | 22,500.00 42,920.00 | 1 Yr. 9 Months 5 YEARS -------------------------------------------------------------------------------- NO. SQ. FT. | RATE PER | EFFECTIVE RENTAL | SQ. FT. EFFECTIVE | DATE: 750 COMMEN: | 30.00 05/01/2001 | 1480 | 29.00 | 04/16/93 5/1/98 -------------------------------------------------------------------------------- ANNUAL | EXPIRATION DATE: OPTIONS: RENTALS: | 1/31/2003 --------------------------------------------------------------------------------Years 2 - 5 $42,920 | 4/30/03 -------------------------------------------------------------------------------- | COST PER| MONTHLY | SQ. FT.| COST |---------| -------- BREAKPOINTS: BASE RENT | 29.00 | 3,576.67 years 1-3 4% over $503,200 CAM | 2.46 | 302.82 years 4-6 4% over $562,400 RE TAX | 3.03 | 373.98 years 7-10 4% over $636,400 % RENT | | INS. | 0.13 | 15.81 M/A | 2.43 | 299.83 % RENT DUE on or before the 30th ELEC. | | day of the month following the month ELEC. PLANT | | in which gross sales exceeds the WATER | | breakpoint. SPRINKL. | | HVAC | | HVAC PLANT | | NO LEASE REQUIRED ADVERTISING TRASH | | VLCW EQUIP | | SALES REPORT: VLCW M&R | | SEND TO: |---------|---------- FSA PROPERTIES, INC. | 37.05 | 4,569.11 P.O. BOX 1395 |---------| SMITHFIEL▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇TION -------------------------------------------------------------------------------- DATE PRPRED/RVSED | CARD NO. | TYPE OF LEASE: | | [_] [_] [_] [_] 05/11/01 | 532 | TO U/R BY U/R NEW RENEW -------------------------------------------------------------------------------- ADDRESS OF PREMISES: 8300 ARROYO CIRCLE SUITE A-140 GILROY, CA 95020 -------------------------------------------------------------------------------- RENT: PAYABLE TO NOTICES F/C GILROY DEVELOPMENT LLC F/C GILROY DEVELOPMENT LLC P.O. BOX 414572 C/O CHELSEA PROPERTY GROUP, INC. BOSTON, MA 02241-452 103 EISENHOWER PARKWAY (973) ▇▇▇-▇▇▇▇ ROSELA▇▇, ▇▇ ▇▇▇▇▇ ATTN: MANA▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇. -------------------------------------------------------------------------------- MONTHLY RENTAL | ANNUAL RENTAL | LEASE TERM: | | 2,750.00 | 33,000.00 | 5 YEARS -------------------------------------------------------------------------------- NO. SQ. FT. | RATE PER | EFFECTIVE | SQ. FT. | DATE: | | 1102 | 29.95 | 12/01/96 -------------------------------------------------------------------------------- | EXPIRATION DATE: OPTIONS: | 12/1/96-11/30/01 $33,000.00 | 12/1/01-11/30/06 $37,400.00 | 11/30/01 1ST NOTICE DUE TO LL ON 5/30/96 | 2ND NOTICE DUE TO LL ON 5/30/06 | -------------------------------------------------------------------------------- | COST PER| MONTHLY | SQ. FT.| COST |---------| -------- BREAKPOINTS: BASE RENT | 29.95 | 2,750.00 11/27/92-11/30/93 4.5% OVER $440,000 CAM | 3.35 | 307.62 12/l/93-11/30/94 4.5% OVER $440,000 RE TAX | 2.73 | 250.98 12/1/94-11/30/95 4.5% OVER $459,130 P.PD % RENT | | 12/l/95-11/30/96 4.5% OVER $478,260 INS. | 0.74 | 67.62 M/A | 3.93 | 360.94 FIRST OPTION PERIOD: MISC. | | ELEC. | | 12/l/96-11/30/01 4.5% OVER $573,913 ELEC. PLANT | | WATER | | SECOND OPTION PERIOD: SPRINKL. | | 12/1/01-11/30/96 4.5% IVER $650,434 HVAC | | HVAC PLANT | | PERCENTAGE RENT DUE 60 DAYS TRASH | | AFTER DECEMBER 31 OF ANY LEASE YEAR. VLCW EQUIP | | VLCW M&R | | NO LEASE REQUIRED ADVERTISING |---------| ========= | 40.70 | 3,737.16 |---------| LEASE DIGEST INFORMATION -------------------------------------------------------------------------------- DATE PRPRED/RVSED | CARD NO. | TYPE OF LEASE: | | [X] [_] DATE OPENED 05/11/01 | 540 | NEW RENEW NOVEMBER 20, 1997 -------------------------------------------------------------------------------- ADDRESS OF PREMISES: 5000 ARIZONA MILLS CIRCLE, SP #519 TEMPE, AZ. -------------------------------------------------------------------------------- RENT: PAYABLE TO ARIZONA MILLS LLC DEPARTMENT 126601 P.O. BOX 67000 DE▇▇▇▇▇, MI 48267-1266