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Base End of Year Rent + *Overage Rent NOI = Total NOI 1 $100,000+ $0 = $100,000 2 $102,000 + $4,782 = $106.782 3

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Base End of Year Rent + *Overage Rent NOI = Total NOI 1 $100,000+ $0 = $100,000 2 $102,000 + $4,782 = $106.782 3 $104,040 + $5,021 = $109.061 4 $106,121 + $5,272 = $111,393 5 $108,243 + $5,536 = $113,779 6 $110,408 + $5,813 $116,221 *Net of Vacancy and Credit Losses and Management $1,111,000 $1,423,000 O $1,429,000 $1,000,000

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