📄 Extracted Text (358 words)
Description of Our Leases
The following table provides information regarding the leases in place for each property as of the date of this prospectus.
Leased
lases by Property°. Acreage Term Expiration Renewal Rights Lease Type Timing of Rental Payment
Permanent crops
Kimberly Vineyard: 00 5 years later of 10/31/16 or one week Option to extend the Flexible" (i) Fixed rent component due in four
after the last day of the 2016 lease term for an equal installments on February I. May 1.
hater:M.120 additional five yearVb August I and December 1$ of each
calendar year and (ii) Ilextile rent
component due no later than Febmary I
of each year.
175 5 years Later of 10/31/19 or one week Option to extend the Flexible" (i) Fixed rent component due in four
after the last day of the 2019 lease term for an equal installments on March IS. June 15,
harvesO4 additional five years(5) September 15 and December 15 of each
calendar year (lint payment due
February I, 2015) and (ii) flexible rent
IJ ONIV0llellt due nn later than Fermat). I
following the harvest for each crop year.
Golden Eagle Ranch. 1.195 5 years The lint to occur of 11i30/19 Option to extend the Flexible') (0 Fixed rent component for certain
or one week after the last day lease term for an structural improvements on the property
of the 2019 almond harvest. additkmal five yeare" due on a monthly basis, (ii) fixed lent
component per tillable acre due in four
equal installments on March I, June 1,
September I and Desember I of each
calendar year. and (iii) flexible rent
component due in four installments on
December 31. March 31. October 31 and
July 31 of each calendar year.
Quail Run Vineyard: 145 2 years 10/31/16 Option to extend the Fleaddr> (i) Fixed rent due in equal quarterly
lease term for an installments on March 15, June 15,
additional live yearso) September IS and December 15 of each
year and (ii) crop share rent due no later
than February 1 following the harvest fax
each crop year.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0085695
CONFIDENTIAL SDNY_GM_00231879
EFTA01384968
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EFTA01384968
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