02862-253-WarrantyDeed
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Amendment No. 2 to Lease 013
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
Stevenson Ranch, California
Store #2297-00
SECOND AMENDMENT TO LEASE
AGREEMENT
This Second Amendment to Lease Agreement (“Amendment”) is made and entered into to
be effective as of the 28th day of July, 2021 (“Effective Date”), by and between VALENCIA
MARKETPLACE I, LLC, a California limited liability company (“Landlord”), and WAL-MART
REAL ESTATE BUSINESS TRUST, a Delaware statutory trust (“Tenant”). Hereafter,
Landlord and Tenant may be referred to individually as a “party” or collectively as the “parties”.
RECITALS
WHEREAS, Landlord and Tenant are parties to that certain Lease Agreement dated as of
January 6, 1994, as amended by that certain letter agreement dated August 6, 1996, and that
certain First Addendum to Lease Agreement dated August 16, 2010 (collectively, the “Lease”);
and
WHEREAS, the parties wish to enter into this Amendment to amend certain matters in the
Lease; and
WHEREAS, except as otherwise set forth in this Amendment, all capitalized terms will
have the same meanings as are attributed to those terms in the Lease. In addition, all references in
this Amendment to the Lease shall be deemed to be references to the Lease, as amended by this
Amendment.
OPERATIVE PROVISIONS
NOW, THEREFORE, in consideration of the foregoing Recitals, which Recitals are
incorporated herein by this reference, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, and for the mutual covenants contained herein,
the parties hereto agree as follows:
1. Renewal Terms. Pursuant to Section 26 of the Lease, Tenant has the right to
extend the Term for six (6) consecutive periods of five (5) years each. The original Lease Term
commenced on October 29, 1996 and ended on October 25, 2016. Tenant thereafter exercised its
first extension option, until October 25, 2021. The parties agree to add two (2) more five (5) year
extension options to the Lease.
Accordingly, the parties agree that Tenant shall have the right and option, as of the
Effective Date, to renew this Lease and extend the Term, pursuant to Section 26, for six (6)
consecutive periods of five (5) years each, as follows:
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Amendment No. 2 to Lease 013
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
Renewal
Term
Period Annual Rent Monthly Rent
1 Oct 25, 2016 – Oct 24, 2021
(already exercised)
$1,193,937.70 $99,494.84
2 Oct 25, 2021 – Oct 24, 2026
(exercised by Tenant
concurrently herewith)
$1,193,937.70 $99,494.84**
** Rent for the
Month of November,
2021 shall be abated.
3 Oct 25, 2026 – Oct 24, 2031 $1,193,937.70 $99,494.84
4 Oct 25, 2031 – Oct 24, 2036 $1,193,937.70 $99,494.84
5 Oct 25, 2036 – Oct 24, 2041 $1,193,937.70 $99,494.84
6 Oct 25, 2041 – Oct 24, 2046 $1,193,937.70 $99,494.84
7 Oct 25, 2046 – Oct 24, 2051 $1,313,331.47 (10% increase) $109,444.29
8 Oct 25, 2051 – Oct 24, 2056 $1,444,664.62 (10% increase) $120,388.72
2. Exercise of Second Renewal Term. Tenant hereby exercises its second Renewal
Term. Accordingly, the parties agree that the Term is extended until October 24, 2026. Monthly
Rent (only) for the month of November, 2021 shall be abated in full (i.e., $99,494.84, “Abated
Rent”). Tenant shall continue to pay its share of Property Taxes and Common Areas maintenance
charges and all other or other similar pass thru expenses under the Lease without regard to the
Abated Rent.
3. Expansion Rights. Tenant shall have the right to expand the Demised Premises as
shown on the site plan attached hereto as Exhibit “A” and incorporated herein by reference
(“Expansion”). Notwithstanding the fact that the Expansion will increase the square footage of
the Demised Premises, the Rent shall not be increased as a result of any such Expansion. In the
event that Tenant does exercise such Expansion right, commencing with the first full calendar
month following completion of the Expansion, the area of the Expansion shall be counted as part of
the Premises for purposes of calculating Tenant’s pro rata share of Property Taxes, Common Areas
maintenance charges, or other similar pass thru expenses under the Lease.
4. Pick Up Facilities. Tenant shall have the right to (i) construct, install, maintain and
operate Pick-Up Facilities (as hereinafter defined) in the Demised Premises and (ii) maintain and
operate Pick-Up Facilities in the Common Areas, in the area depicted on the site plan attached
hereto as Exhibit “A-1”, attached hereto and incorporated herein by reference (“Pick-Up
Facilities”).
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Amendment No. 2 to Lease 013
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
“Pick-Up Facilities” shall mean the Facilities (as hereinafter defined) operated to distribute
products or merchandise for Tenant including, without limitation, arising out of an order placed
remotely over the internet, phone service, mail order, on-site kiosk, or other similar means.
“Facilities” shall mean (i) signage (which signage shall not include painting of the Common Areas,
without Landlord’s prior written approval), (ii) parking spaces, (iii) dedicated floor space within
the Demised Premises, and (iv) other structures or improvements within the Demised Premises for
the drop off / pick up of products or merchandise. Tenant shall not store products or merchandise
within the Pick-Up Facilities.
In the event that the Expansion or the Pick-Up Facilities require any approvals
(“Approvals”), whether governmental or quasi-governmental approvals, or third party approvals
(e.g. CC&Rs, or other matters of record), Tenant shall procure such Approvals and Landlord
covenants and agrees to: (i) execute any commercially reasonable instruments requested by Tenant
to memorialize Landlord’s approval of the Expansion and Pick-Up Facilities, and (ii) to exercise
commercially reasonable efforts, at no cost or expense to Landlord, to assist Tenant in procuring
such Approvals.
In the event that one of Landlord’s tenants (“LL Tenant”) in the Shopping Center provides
Landlord a notice of default as the result of Tenant’s Pick-Up Facilities, Landlord shall promptly
provide Tenant a copy of such notice of default and the contact information of such Tenant.
Tenant shall then work directly with such LL Tenant to resolve the concerns of such LL Tenant. In
the event that Tenant is unable to resolve the concerns of the LL Tenant within the cure period
provided for in the LL Tenant lease, and the concerns of such LL Tenant are of a nature that would
permit the LL Tenant to exercise default remedies against Landlord then, in such event, Tenant
agrees to remove such Pick-Up Facilities until such time as the concerns of such LL Tenant are
resolved, if at all.
5. Prohibited Uses. Landlord and Tenant agree that, notwithstanding anything in the
Lease to the contrary, the uses identified on Exhibit “C”, attached hereto and incorporated by
reference, shall be Permitted Uses in the Shopping Center. As indicated on Exhibit “C”, certain
uses shall only be permissible to the extent they are located outside of the areas identified on
Exhibits C-1, and C-2. All of the Permitted Uses on Exhibit “C” shall be subject to all of the
requirements of the Shopping Center, including, without limitation, parking requirements.
Landlord and Tenant specifically acknowledge and agree that Exhibit “C” does not apply to the
Demised Premises, and nothing contained on Exhibit “C” shall be construed to restrict Walmart’s
operations on the Demised Premises.
6. Lessee’s Expansion. Section 31 of the Lease is hereby deleted.
7. Memorandum of Lease. Concurrently with their execution of this Amendment,
Landlord and Tenant shall execute an Amended Short Form Lease (“Amended Memorandum”)
in the form attached hereto as Exhibit “B” and incorporated herein by reference. Tenant shall have
the right to record the Amended Memorandum in the Official Records, at Tenant’s sole cost.
8. Amendment. In the event of any inconsistency between the provisions of this
Amendment and the terms of the Lease, the provisions of this Amendment shall control. Except as
specifically amended herein, however, all of the terms and conditions of the Lease shall continue in
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Amendment No. 2 to Lease 013
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
full force and effect. As modified by this Amendment, the Lease is hereby ratified and confirmed
in all respects.
9. Counterparts; Electronic Signatures. This Amendment may be executed in any
number of counterparts, each of which shall be deemed an original, but all of which, together, shall
constitute one and the same instrument. In order to expedite the transaction contemplated herein,
electronic signatures may be used in place of original signatures on this Amendment. The parties
hereto intend to be bound by the signatures on the electronic document, and hereby waive any
defenses to the enforcement of the terms of this Amendment based on the use of an electronic
signature; provided, however, that the parties hereby agree to execute and provide to each other
original signatures, upon the request made by either party to the other.
10. Applicable Law; Successors Bound. The parties do each hereby represent and
warrant to the other that this Amendment has been duly authorized by all necessary action on the
part of such party and that such party has full power and authority to execute, deliver and perform
its obligations under this Amendment. This Amendment shall be governed by and construed under
the laws of the State of California, without giving effect to any principles, of conflicts of law that
would result in the application of the laws of any other jurisdiction. This Amendment shall inure to
the benefit of and be binding upon Landlord and Tenant and their respective successors and
permitted assigns with respect to the Lease.
11. No Broker. Neither Landlord nor Tenant has dealt, directly or indirectly, with any
broker or person entitled to claim a commission or leasing fees in connection with this Amendment
and each warrants to the other that there are no claims for brokerage commissions or finder’s fees
in connection with the execution of this Amendment. Each of Landlord and Tenant agree to
indemnify and hold it harmless the other in connection with any claim for a brokerage fee or
commission arising out of such indemnifying party’s actions.
12. California Energy Disclosure Law (AB 802). California Code of Regulations,
Title 20, Section 1680 et. seq. requires owners of non-residential buildings to provide EPA Energy
Benchmark Reports when a building is sold, refinanced or leased in full. Tenant hereby gives its
consent for the utility or utilities providing service to Tenant to disclose such information to
Landlord and shall, within ten (10) days after written request from Landlord, provide Tenant’s
electric usage information and data to Landlord or such further written consent for the utility or
utilities providing service to Tenant to disclose such information to Landlord as may be required by
the utilities, at no cost to Landlord, and shall assist with Landlord’s compliance with those code
sections or any similar, related or successor provision of law.
13. CASp. Tenant acknowledges that the Demised Premises has not undergone
inspection by a Certified Access Specialist (CASp) (defined in California Civil Code Section
55.52) and, although CASp inspection is not required by law, a CASp can inspect the Demised
Premises, if requested by Tenant (at Tenant’s sole cost and expense), and determine whether the
Premises complies with construction-related accessibility standards. Landlord may not prohibit
Tenant from obtaining a CASp inspection of the Demised Premises. The terms of the CASp
inspection shall be subject to the approval of Landlord. In the event that alterations are required to
address any non-compliance identified by such CASp inspection, the obligation for such alteration
shall be allocated as between Landlord and Tenant as provided in the Lease.
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Exhi-- 4131809.2
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
EXHIBIT “A”
SITE PLAN OF EXPANSION AREA
Exhibit "A"
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W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
EXHIBIT “A-1”
SITE PLAN OF PICK-UP FACILITIES
Exhibit "A-1"
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Amendment to Short Form 001
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
EXHIBIT “B”
AMENDED MEMORANDUM
RECORDING REQUESTED BY:
WHEN RECORDED MAIL TO:
Wal-Mart Real Estate Business Trust
c/o J. Matthew Wilcox, Esq.
Gresham Savage Nolan & Tilden, PC
550 E. Hospitality Lane, Suite 300
San Bernardino, CA 92408
APN: 2826-096-13
STEVENSON RANCH, CA
WALMART STORE NO. 2297
AMENDED SHORT FORM LEASE
This Amended Short Form Lease (“Amendment”) is entered into this ___ day of ____________,
2021, by and between VALENCIA MARKETPLACE I, LLC, a California limited liability company
(“Landlord”), and WAL-MART REAL ESTATE BUSINESS TRUST, a Delaware statutory trust
(“Tenant”).
RECITALS
WHEREAS, Landlord and Tenant are the current holders of the Landlord’s interest and the
Tenant’s interest, respectively, under that certain Lease Agreement dated as of January 6, 1994, as
amended by that certain letter agreement dated August 6, 1996, that certain First Addendum to Lease
Agreement dated August 16, 2010, and that certain Second Amendment to Lease as of even date
herewith (collectively, the “Lease”). The Lease affects that certain real property described on Exhibit
“A”, attached hereto and incorporated herein by reference;
WHEREAS, the Lease is evidenced by a Short Form Lease recorded over that certain real
property described on Exhibit “B”, attached hereto and incorporated herein by reference (“Short
Form”). The Short Form is attached hereto as Exhibit “C”, and incorporated herein by reference.
WHEREAS, Landlord and Tenant desire to amend the Short Form as provided herein.
OPERATIVE PROVISIONS
NOW, THEREFORE, in consideration of the foregoing Recitals, which Recitals are incorporated
herein by this reference, and for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, and for the mutual covenants contained herein, the parties agree as follows:
SPACE ABOVE THIS LINE FOR RECORDER’S USE
Exhibit "B"
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Amendment to Short Form 001
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
1. Term of Lease. The Short Form memorialized the term of the Lease, including all options,
as twenty (20) years, plus six (6) options to extend the term of five (5) years each. Pursuant to the Second
Amendment to Lease Agreement executed concurrently with this Amendment, the term is extended by two
(2) additional option periods of five (5) years each. In this regard, the parties agree that: (i) the initial term
commenced on October 29, 1996, and ended on October 25, 2016, (ii) that Tenant has exercised two (2)
consecutive five (5) year option periods, the second of which ends on October 24, 2026, and (iii) that Tenant
has an additional six (6) option periods of five (5) years each, commencing October 25, 2026.
2. Amendment. Except as amended hereby, the Short Form shall continue in full force and
effect.
3. California Law. This First Amendment shall be governed by and construed in accordance
with the laws of the State of California.
4. Counterparts. This Amendment may be executed in any number of counterparts, each of
which shall be deemed an original, but all of which, together, shall constitute one and the same
instrument.
5. Summary Only. This Short Form is not a complete summary of the Second Amendment
to Lease. All provisions of the Lease are incorporated by reference into this Short Form, and the same
shall control in the event of any inconsistency between the terms of this Short Form and the terms of the
Lease.
Exhibit "B"
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Amendment to Short Form 001
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
IN WITNESS WHEREOF, the parties have executed this Amended and Restated
Memorandum to be effective as of the date and year first above written.
LANDLORD:
VALENCIA MARKETPLACE I, LLC, a California
limited liability company
By: JG Management Co., Inc., a California
corporation, its authorized agent
By:
Name: Greg Greenstein
Its: President
Date:
TENANT:
WAL-MART REAL ESTATE BUSINESS TRUST, a
Delaware statutory trust
By:
Name:
Its:
Date:
Exhibit "B"
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Amendment to Short Form 001
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or
validity of that document.
STATE OF __________ )
)
COUNTY OF ___________ )
On ______________________ before me, __________________________________________
(insert name and title of the officer)
personally appeared ____________________________________________________________, who
proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to
the within instrument and acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity
upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS my hand and official seal.
Signature_____________________________ (Seal)
Exhibit "B"
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Amendment to Short Form 001
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ARKANSAS NOTARY ACKNOWLEDGMENT
State of Arkansas
County of Benton
On this the _____ day of ______________ 20__, before me, ____________________, the undersigned
officer, personally appeared ________________________, known to me (or satisfactorily proven) to be
the person whose name is subscribed to the within instrument and acknowledged that he executed the
same for the purpose therein.
In witness whereof I hereunto set my hand and official seal.
(Seal)
______________________________
Notary Public
My Commission Expires on__________________
Exhibit "B"
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EXHIBIT A
LEGAL DESCRIPTION OF PREMISES
All that certain real property located in an unincorporated area of Los Angeles County, State of
California, more particularly described as follows:
PARCEL 20, IN THE UNINCORPORATED TERRITORY OF THE COUNTY OF LOS
ANGELES, STATE OF CALIFORNIA, AS SHOWN ON PARCEL MAP NO. 8676,
FILED IN BOOK 280 PAGES 41 TO 59 INCLUSIVE OF PARCEL MAPS IN THE
OFFICE OF THE COUNTY RECORDER OF SAID COUNTY AND AMENDED BY
CERTIFICATE OF CORRECTION RECORDED APRIL 24, 2000 AS INSTRUMENT
NO. 00-0615426 OF OFFICIAL RECORDS.
EXCEPTING THEREFROM ALL RIGHTS, TITLE AND INTEREST IN AND TO
MINERALS, OIL, GAS, TARS, HYDROCARBONS, AND METALLIFEROUS
SUBSTANCES OF EVERY KIND, AND TO RESERVOIRS AND WELLS OF EVERY
KIND, TOGETHER WITH THE RIGHT TO DRILL, PUMP OR MINE FOR SAME,
WITHOUT, HOWEVER, THE RIGHT TO ENTER UPON, DRILL OR MINE
THROUGH THE SURFACE OR THE UPPER FIVE HUNDRED FEET (500") OF THE
SUBSURFACE OF SAID LAND, AS RESERVED IN DEED RECORDED JUNE 4,
1998 AS INSTRUMENT NO. 943005 OF OFFICIAL RECORDS.
ALSO EXCEPTING THEREFROM ALL RIGHTS TO WATER, AQUIFERS,
RESERVOIRS AND SUBSURFACE WATERS, INCLUDING, BUT NOT LIMITED
TO, THE RIGHT TO TAKE, USE AND DEVELOP FOR USE ANY AND ALL
WATER THAT MAY NOW EXIST OR MAY HEREAFTER EXIST UPON OR
UNDER SAID LAND, WITHOUT THE RIGHT TO ENTER UPON, DRILL,
EXPLORE OR OPERATE THROUGH THE SURFACE OR THE UPPER FIFTY FEET
(50') OF THE SUBSURFACE OF THE LANDS HEREINABOVE, AS RESERVED IN
DEED RECORDED JUNE 4, 1998 AS INSTRUMENT NO. 98-943005 OF OFFICIAL
RECORDS.
ALSO EXCEPTING THEREFROM ALL RIGHTS AND BENEFITS RELATED TO
ANY TAX SHARING, ANNEXATION OR INCORPORATION OF ALL OR ANY
PORTION OF THE PROPERTY INTO ANY CITY, MUNICIPAL ENTITY, OWNERS
ASSOCIATION OR ANY SPECIAL IMPROVEMENT OR ASSESSMENT DISTRICT,
INCLUDING ANY VOTING RIGHTS AND TRANSFERABLE TAX SHARING
BENEFITS AND TRANSFERABLE DEVELOPMENT RIGHTS IN EXCESS OF
CURRENT APPROVALS FOR THE DEVELOPMENT OF THE PROPERTY AS
DEPICTED IN THE SITE PLAN ATTACHED AS EXHIBIT C TO THAT
SUPPLEMENTAL DECLARATION OF COVENANTS, CONDITIONS AND
RESTRICTIONS FOR VALENCIA MARKETPLACE OF EVEN DATE HEREWITH
AND RECORDED CONCURRENTLY HEREWITH AND EXECUTED BY
GRANTOR AS MASTER DECLARANT, AS RESERVED IN DEED RECORDED
JUNE 4, 1998 AS INSTRUMENT NO. 98-943005 OF OFFICIAL RECORDS.
APN: 2826-096-013
Exhibit "B"
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EXHIBIT “B”
LEGAL DESCRIPTION OF SHOPPING CENTER
All that real property located in an unincorporated area of Los Angeles County, State of California, more
particularly described as follows:
THAT PORTION OF THE RANCHO SAN FRANCISCO, IN THE
UNINCORPORATED TERRITORY OF THE COUNTY OF LOS ANGELES, STATE
OF CALIFORNIA, PER MAP RECORDED IN BOOK 1 PAGES 521 AND 522, OF
PATENTS, RECORDS OF SAID COUNTY DESCRIBED AS FOLLOWS:
BEGINNING AT THE EASTERLY TERMINUS OF THE NORTHERLY LINE OF
THE OLD ROAD AS SHOWN ON MAP OF PARCEL MAP NO. 10822 FILED IN
BOOK 109 PAGES 90, 91 AND 92 OF PARCEL MAPS, RECORDS OF SAID
COUNTY; THENCE
1. ALONG SAID NORTHERLY LINE SOUTH 75 DEGREES 39 MINUTES 20
SECONDS WEST 50.00 FEET TO THE EASTERLY LINE OF THE OLD ROAD AS
SHOWN ON MAP OF PARCEL MAP NO. 15955 FILED IN BOOK 188 PAGES 90 TO
95, INCLUSIVE, OF PARCEL MAPS, RECORDS OF SAID COUNTY; THENCE
2. ALONG SAID EASTERLY LINE NORTH 14 DEGREES 15 MINUTES 25
SECONDS WEST 3092.13 FEET TO THE NORTHEASTERLY LINE OF PARCEL 2
OF SAID PARCEL, MAP NO. 15955; THENCE
3. ALONG SAID NORTHEASTERLY LINE NORTH 45 DEGREES 45
MINUTES 39 SECONDS WEST 866.77 FEET AND
4. NORTH 75 DEGREES 41 MINUTES 25 SECONDS WEST 307.72 FEET TO
THE SOUTHEASTERLY LINE OF MCBEAN PARKWAY AS SHOWN ON MAP OF
TRACT NO. 33698 FILED IN BOOK 1114 PAGES 12 TO 49, INCLUSIVE, OF MAPS,
RECORDS OF SAID COUNTY; THENCE
5. ALONG THE SOUTHEASTERLY LINE OF MCBEAN PARKWAY, 100
FEET WIDE, THE CENTERLINE OF WHICH IS SHOWN ON SAID MPA OF
TRACT NO. 33698 AND ON MAP OF TRACT NO. 41159 FILED IN BOOK 935
PAGES 81 TO 87, INCLUSIVE, OF SAID MAPS NORTH 47 DEGREES 13
MINUTES 11 SECONDS EAST 160.88 FEET TO THE BEGINNING OF A TANGENT
CURVE CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 1867.79 FEET;
THENCE
6. NORTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL
ANGLE OF 18 DEGREES 02 MINUTES 11 SECONDS AN ARC DISTANCE OF
587.97 FEET TO THE BEGINNING OF A TANGENT COMPOUND CURVE
CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 1900.00 FEET;
7. NORTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL
ANGLE OF 13 DEGREES 35 MINUTES 58 SECONDS AN ARC DISTANCE OF
450.37 FEET; THENCE
Exhibit "B"
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8. NORTH 78 DEGREES 51 MINUTES 20 SECONDS EAST 40.00 FEET TO
THE WESTERLY LINE OF THE LAND DESCRIBED IN DEED OF THE STATE OF
CALIFORNIA RECORDED MARCH 18, 1969 AS INSTRUMENT NO. 3187 IN
BOOK D4311 PAGE 508 OF OFFICIAL RECORDS, RECORDS OF SAID COUNTY;
THENCE
9. ALONG SAID WESTERLY LINE SOUTH 11 DEGRESS 08 MINUTES 42
SECONDS EAST 9.83 FEET;
10. NORTH 78 DEGREES 51 MINUTES 20 SECONDS EAST 230.01 FEET;
11. SOUTH 16 DEGREES 59 MINUTES 59 SECONDS EAST 392.06 FEET;
12. SOUTH 11 DEGREES 59 MINUTES 52 SECONDS EAST 470.08 FEET;
13. SOUTH 42 DEGREES 06 MINUTES 30 SECONDS EAST 239.09 FEET;
14. SOUTH 03 DEGREES 06 MINUTES 31 SECONDS EAST 429.25 FEET;
15. SOUTH 10 DEGREES 38 MINUTES 32 SECONDS EAST 409.29 FEET;
16. SOUTH 10 DEGREES 16 MINUTES 24 SECONDS EAST 1017.88 FEET;
17. SOUTH 34 DEGREES 46 MINUTES 36 SECONDS EAST 125.01 FEET;
18. SOUTH 15 DEGREES 58 MINUTES 50 SECONDS EAST 780.14 FEET TO A
POINT, DISTANT THEREON NORTH 16 DEGREES 58 MINUTES 50 SECONDS
WEST 600.46 FEET FROM THE SOUTHERLY TERMINUS OF THAT COURSE
HAVING A BEARING AND DISTANCE OF NORTH 16 DEGREES 58 MINUTES 50
SECONDS WEST 1380 FEET IN SAID DEED TO THE STATE OF CALIFORNIA;
THENCE
19. LEAVING SAID WESTERLY LINE SOUTH 14 DEGREES 50 MINUTES 19
SECONDS EAST 440.48 FEET TO THE EASTERLY PROLONGATION OF THE
HEREINABOVE DESDCRIBED NORTHERLY LINE OF THE OLD ROAD;
THENCE
20. ALONG SAID EASTERLY PROLONGATION SOUTH 75 DEGREES 39
MINUTES 20 SECONDS WEST 513.35 FEET; THENCE
21. LEAVING SAID EASTERLY PROLONGATION SOUTH 46 DEGREES 41
MINUTES 41 SECONDS WEST 158.04 FEET; THENCE
22. SOUTH 69 DEGREES 10 MINUTES 00 SECONDS WEST 165.00 FEET TO
THE EASTERLY LINE OF SAID THE OLD ROAD AS SHOWN ON MAP OF
PARCEL MAP NO. 10822; THENCE
23. ALONG LAST SAID EASTERLY LINE NORTH 14 DEGREES 15 MINUTES
25 SECONDS WEST 95.17 FEET TO THE POINT OF BEGINNING.
Exhibit "B"
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EXHIBIT “C”
SHORT FORM LEASE
Exhibit "B"
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Exhibit "B"
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Exhibit "B"
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W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
Exhibit "B"
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DocuSign Envelope ID: 5409FDF8-9E44-4611-B64B-81025F47FF50
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
EXHIBIT “C”
PERMITTED USES IN THE SHOPPING CENTER
I. The following uses are permitted:
A. Artificial Flowers;
B. Artists Supplies;
C. Copying or Fax Services;
D. Electronics; Sales, Service, Warehousing, and installation (inside of motor
vehicles) of consumer, business and auto electronic products, related
hardware and software, cellphones, household appliances and other related
items; rental of videos and equipment related to the use thereof, (not
including the operation of a store specializing in sale or rental of video tapes
and related merchandise, or a store specializing in sale or rental of paging
equipment and related products);
E. Frame (picture frame) store;
F. Jewelry store business (whose primary business is the sale of jewelry or
watches);
G. Office Equipment (including computers);
H. Office Furniture;
I. Office Supplies;
J. Sporting Goods, provided there is a 17,500 square foot sporting goods store
in the center, no other space may be used to any other store whose primary
business is the sale of sporting goods and related equipment;
K. Toy Store, including the sale of the following items:
(i) toys;
(ii) outdoor play equipment, wheel goods;
(iii) children’s recreational equipment;
(iv) games-family and adult (not electronic or computer), computers,
software, videos, electronic computer games, sporting goods;
L. Restaurant, (i.e., dinner house, coffee shop or food service facility with
seating capacity for 40 persons or more) or food user (i.e., fast food, take-
out food or specialty food facility) shall be situated in Building E, F, G (no
restaurant or food user); Pad 2 (no restaurants; not more than 3,000 square
feet of food users); not more than an aggregate of 24,200 square feet of
restaurants and/or food users within Area 1 south of Building C
Exhibit "C"
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DocuSign Envelope ID: 5409FDF8-9E44-4611-B64B-81025F47FF50
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
II. The following uses are permitted so long as they are outside of the radius
shown on the site plan attached as Exhibit “C-1” (i.e., are not in front of or
adjacent to the Demised Premises):
A. Auto Repair (Lube Type);
B. Car Wash.
III. The following uses are permitted so long as they are outside of the radius
shown on the site plan attached as Exhibit “C-2” (i.e., they are located 300 feet
from the Demised Premises):
A. Educational or Training Facility, defined as:
(i) Beauty School;
(ii) Barber College;
(iii) Reading Room;
(iv) Training or Education Facility catering to students or trainees as
opposed to customers.
B. Entertainment or recreational facility defined as:
(i) Theater;
(ii) Bowling Alley;
(iii) Skating Rink;
(iv) Gym;
(v) Health Spa;
(vi) Studio Dance Hall;
(vii) Amusement Center;
(viii) Electronic Entertainment Center;
(ix) Video Arcade, including any restaurant with >6 electronic games or
any store containing >4 electronic games.
Exhibit "C"
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DocuSign Envelope ID: 5409FDF8-9E44-4611-B64B-81025F47FF50
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
EXHIBIT “C-1”
SITE PLAN SHOWING RADIUS OF PREMISES AND ADJACENT SPACE
Exhibit "C-1"
DocuSign Envelope ID: 5409FDF8-9E44-4611-B64B-81025F47FF50
W2406-PORTFOLIO-CA-STEVENSON_RANCH -- 4131809.2
EXHIBIT “C-2”
SITE PLAN SHOWING RADIUS 300’ FROM PREMISES
Exhibit "C-2"
DocuSign Envelope ID: 5409FDF8-9E44-4611-B64B-81025F47FF50