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