EPSTEIN
page 1 / 412 . OCR, unverified
Dataset10 053
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Leased
Leases by Propene/
Acreage
Term
Expiration
Renewal Rights
Blue Heron Farm
271044
years
11/30/17
PaIcon 12arnts:
1,16.9"I
years
Earlier of 11130/6 or one
week after the last day of the
Kingfisher Ranch
43212,0
years
2016 harvest.
10/31/20
tra
Specialty;vegetable row crops
Sweetwater farm.
1.23.1
years
12/31/16
Sandpiper Ranh•
157
years
Earlier of 12/31/15 or the
completion of the 2015
harvest
Commodity row crops
Pleasant Plains
LISS
years
12/31/15
Macomb Farm•
424
years
12/31/16
Option to extend the
lease term for an
additional five years0"
N/A
Option to extend the
lease term for an
additional four
yearsl",
May be extended
upon the mutual
written consent of the
parties.
Option to extend the
lease term for an
additional three
yeanioi
May be extended
upon the mutual
written consent of the
parties.
May be extended
upon the mutual
written consent of the
parties.
Lease Type
Flexible*
Timing of Rental Payment
(i) Fixed rent component due in four
equal installments on December I.
March I. June I and August 1 of each
crop year and (ii) flexible rent
component due no later than
December 31 following each crop year
and after the crop is 100% sold, hut in
event later than April 30 of the year
following harvest.
Elcuble0s)
(i) Fixed base rent component due on
January 1 of each calendar year and
(ii) flexible rent component due in three
installments on February Is, May 15, and
September IS of each year.
Hearten)
(i) Fixed rent component due in four
equal installments on Noss:mixt I,
February 1. May I and August I of each
crop year and tii) flexible rent
component due (a) 411% of final payment
within 15 days of lessees receipt and
(h) no later than October I following
each clop year and after the crop is
100% sold, but in any event no later
than April 30 of the year following
harvest.
Fixed"
Due on January 1 of each calendar year
Fixed"•)
Due in semi-annual installments on
January I and July of each calendar year.
Fixed""
Due on March 1 of each calendar year.
Fixed
Due on March I of each calendar year.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
SDNY_GM_00231880
DB-SDNY-0085696
EFTA01384969
--- SOURCE: IMAGES__0053__EFTA01384970.txt ---
METADATA_SOURCE: IMAGES0053
METADATA_FILENAME: EFTA01384970.pdf
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Extension will only be made if on mutually agreeable terms and if written notice exercising the option to extend is received by us on or before April 15. 2019.
Extension will only be made if on mutually agreeable tents and if written notice exercising the option to extend is received by us on or before May 1. 2019.
Lease provides for annual rent with (i) a fixed component for certain structures located on the property, (ii) a fixed component per tillable acre for the first year of the lease, which
will be increased by 2.4 each year thereafter, and (iii) subject to certain conditions, a flexible rent component bawd on gross revenue pet acre. An additional 130 planted acres
were added to the lease through a lease amendment relating to the acquisition of Golden Eagle Ranch 2 on August 1$. 2015. which was aggregated with this prOperly.
'tenant may exercise right to renew by providing written notice to us at least three ntonths and not more than six months prior to the termination date of the lease, provided the
rent for the renewal term shall be changed to a yield based calculation mutually agreed upon.
Lease provides for annual rent with (i) a fixed component per acre per year and (ii) subject to certain conditions, a flexible rent component based on gross revenue per acre.
Additionally, one block consisting of 32.6 gross acres, with 30.4 tillable acres is under a fixed lease for the 1115 crop season due in quarterly installments on Dec. I. March I.
June I and September 1 of the 2015 crop year. After 2015. this block will be governed by the above-mentioned lease on those same terms. Lease excludes approximately 77 acres
under development.
Tenant has the right, upon written notice to us at any lime prior to the beginning of the planting season for any calendar year. to include in the leased acreage subject to the lease
certain acres of the property that are currently under development. and the acres used for calculating rent under the lease will he adjusted accordingly. All acres currently under
development will be included in the leased acreage beginning with the 2017 planting season, without the requirement of notice to. or consultation with, the tenant.
Extension will only he made if on mutually agreeable terms and if written notice exercising the option to extend is received by us on or before May 1, 2017.
Lease provides for annual rent with (i) a fixed component per acre per year and (ii) subject to certain conditions, a flexible rent component based on grass revenue per acre. Prior