| | | ANNEX A-1 | |
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| | For mortgage loan #3 (Augusta Mall), the third largest tenant (23,241 square feet), representing 4.6% of net rentable square feet, may terminate its lease if net sales do not exceed $4,750,000 in the fourth lease year (anticipated to end January 2019), upon providing written notice within 90 days of the end of the fourth lease year and payment of a termination fee equal to 50% of all unamortized tenant improvements and leasing commissions. The lease will terminate on the 365th day following the landlord’s receipt of such notice. The fourth largest tenant (16,101 square feet), representing 3.2% of net rentable square feet, may pay reduced rent equal to 14% of net sales if annual net sales are less than $3,500,000 from May 2012 through April 2015. Net sales for the trailing twelve month period ending April 2013 were $3,189,622. If annual net sales are less than $3,150,000 from May 2013 through April 2015 (“Substitute Rent Period”), the fourth largest tenant may terminate its lease upon providing 180 days’ written notice within 30 days following the end of the Substitute Rent Period and payment of 55% of unamortized tenant improvements. The fourth largest tenant will revert back to base rent if the early termination option is not exercised. |
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| | For mortgage loan #7 (719 Griswold), the second largest tenant (32,779 square feet), representing 9.4% of net rentable square feet, may terminate its lease on the 22nd floor (16,390 square feet) on August 11, 2020, upon providing six months written notice and payment of $159,256, all unamortized tenant improvements, leasing commissions and abated rent. |
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| | For mortgage loan #11 (Thanksgiving Park III), the fifth largest tenant (8,394 square feet), representing 5.9% of net rentable square feet, may terminate its lease on June 30, 2017, upon providing nine months written notice and payment of all unamortized tenant improvements, leasing commissions and abated rent. |
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| | For mortgage loan #16 (CCPT IV Pool III), the only tenant at the Walgreens – Huntsville mortgaged property (15,120 square feet), representing 8.4% of net rentable square feet of the mortgage loan, may terminate its lease on May 31, 2021 and every five years thereafter upon providing six months written notice. |
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| | For mortgage loan #17 (564 West Randolph Street), the largest tenant (22,198 square feet), representing 23.7% of net rentable square feet, may terminate its lease on April 30, 2019, upon providing 12 months written notice and payment of $974,849. The second largest tenant (18,367 square feet), representing 19.6% of net rentable square feet, may terminate its lease on March 31, 2019, upon providing nine months written notice and payment of a termination fee estimated to be $534,152. The third largest tenant (13,679 square feet), representing 14.6% of net rentable square feet, may terminate its lease on December 31, 2019, upon providing nine months written notice and payment of $550,806. The fourth largest tenant (13,549 square feet), representing 14.5% of net rentable square feet, may terminate its lease on November 30, 2019, upon providing nine months written notice and payment of $551,914. The fifth largest tenant (13,538 square feet), representing 14.4% of net rentable square feet, may terminate its lease on July 31, 2020 following the commencement date upon providing six months written notice and payment of $520,062. |
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| | For mortgage loan #21 (Kingsley Square), the fourth largest tenant (2,878 square feet), representing 4.6% of net rentable square feet, may terminate its lease at any time after February 28, 2014 if gross revenue is less than $500,000, upon providing 90 days written notice and payment of all unamortized tenant improvement and leasing commission costs. |
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| | For mortgage loan #23 (Raleigh Office Portfolio), the second largest tenant at the Brook Forest I mortgaged property (16,735 square feet), representing 12.1% of net rentable square feet of the mortgage loan, may terminate its lease on July 31, 2016 upon providing written notice by July 31, 2015 and payment of all unamortized tenant improvements, leasing commissions and abated rent. The third largest tenant at the Brook Forest I mortgaged property (9,450 square feet), representing 6.8% of net rentable square feet of the mortgage loan, may terminate its lease on October 31, 2015, upon providing 12 months written notice and payment of all unamortized tenant improvements, leasing commissions and abated rent. |
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| | For mortgage loan #29 (CCPT IV Pool I), the only tenant at the Walgreens – Cullman mortgaged property (14,550 square feet), representing 18.3% of net rentable square feet of the mortgage loan, may terminate its lease on or after September 30, 2037 upon providing 12 months written notice. The only tenant at the Walgreens – Blair mortgaged property (14,820 square feet), representing 18.6% of net rentable square feet of the mortgage loan, may terminate its lease on or after September 30, 2033 upon providing 12 months written notice. |
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| | For mortgage loan #39 (Joseph’s Plaza), the third largest tenant (7,500 square feet), representing 14.0% of net rentable square feet, has a one-time termination option effective February 28, 2015 if sales are less than $1,200,000 for the trailing 12 month period. |
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| | For mortgage loan #63 (Walgreens – Birmingham), the only tenant (14,560 square feet), representing 100% of net rentable square feet, may terminate its lease on July 31, 2028 and every five years thereafter upon providing six months written notice. |
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| | For mortgage loan #69 (Albany Crossing Shopping Center), the second largest tenant (5,200 square feet), representing 14.4% of net rentable square feet, may terminate its lease on September 30, 2014 if annual sales as of June 30, 2013 and 2014 do not exceed $800,000. The second largest tenant would be required to provide three months written notice and pay a cancellation fee as defined in the lease. The fourth largest tenant (3,440 square feet), representing 9.6% of net rentable square feet may terminate its lease if gross sales are less than $600,000 for the lease year ending June 30, 2014 upon providing 30 days written notice. The fifth largest tenant (2,800 square feet), representing 7.8% of net rentable square feet may terminate its lease if sales for the lease year ending May 31, 2014 are less than $560,000 upon providing 60 days written notice. |
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| | For mortgage loan #71 (Jamestowne South Office Building), the largest tenant (8,532 square feet), representing 25.3% of net rentable square feet, may terminate 2,397 square feet on February 28, 2019 upon providing notice on or before September 28, 2018. The second largest tenant (7,709 square feet), representing 22.9% of net rentable square feet, may terminate 2,379 square feet at any time upon payment of 75% of base rent from the termination date to the lease expiration date. |
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| | For mortgage loan #82 (Pinehurst Square Executive Office Building), the largest tenant (11,058 square feet), representing 42.1% of net rentable square feet, may terminate its lease on 1,478 square feet as of June 1, 2015 and every year thereafter upon providing 60 days written notice. |
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| (17) | For mortgage loan #11 (Thanksgiving Park III), the largest tenant (65,492 square feet), representing 45.7% of net rentable square feet, has multiple leases that expire as follows: 9,006 square feet expiring November 30, 2017 and 56,486 square feet expiring May 31, 2018. |
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| | For mortgage loan #12 (Wolfenbarger Warehouse Portfolio), the fifth largest tenant (73,340 square feet), representing 6.4% of net rentable square feet, has multiple leases that expire as follows: 11,667 square feet is month to month and 61,673 square feet expire on May 31, 2025. |