HomeMy WebLinkAbout015 Access Easement_2856472cos Return To:
467B security Title Company 2856472P.O.Box 6550 1 77g7,2g2 opee an e..ge.øø
Bozeman,MT 59771-6550 ||||||||||||jjjjj|||WHEN RECORDED,RETURN TO:
G.F.C.Investment Co.,LC
503 North 1500 West
Orem,UT 84057
Accommodation Recording Only
STC#&Rrs
GRANT OF ACCESS EASEMENT
S NT OF ACCESS EASEMENT (the "Grant")is made effectiveas of the
day of ,2025 by GallatinMall Group,L.L.C.a Montana limitedliabilitycompany,
("Grantor")to G.F.C.Investment Co.,LC,a Utah limitedliabilitycompany ("Grantee").
A.Grantor isthe owner of thatcertainparcelof improved realpropertyin Bozeman,
GallatinCounty,Montana more particularlydescribed on Exhibit A (hereafterreferredto as
"GallatinMall Parcel").
B.Grantee isthe owner of thatcertainparcelof realproperty in Bozeman,Gallatin
County,Montana more particularlydescribed on ExhibitB (hereafterreferredto as "Grantee's
Property")which isadjacenttotheGallatinMall Parcel.
C.Grantor and Grantee desire to enter into this Access Easement Agreement to
facilitatethevehicularand pedestriantravelover therespectivepropertiesby Grantee,itsinvitees,
which shallincludeGrantee'semployees,contractors,invitedguestsand customers.
NOW,THEREFORE,in considerationof the mutual agreements herein contained,the
partiescovenant and agree forthemselves and theirheirs,successorsand assignsas follows:
1.Grant of Easement.Subjecttotheconditionsand provisionsof thisGrant,as well
as allencumbrances and instrumentsof record,Grantor does hereby grantand convey to Grantee
a non-exclusiveeasement over,upon and acrossthoseportionsof theGallatinMall Parcelthatare
used and designatedfor pedestrianand vehiculartravelforthe purpose of ingressand egress of
vehicularand pedestriantrafficto and from Grantee's Property,includingthe driveaislesand
roadways within the Grantor's Property,as furtherdescribed and depicted in Exhibit C (the
"Easement").Grantor shallhave the continuous rightto use the Easement in any manner and for
any purpose thatdoes not unreasonably interferewith the use of the Easement by Grantee as
granted herein.The partiesacknowledge thatthe GallatinMall Parcel has not yet been fully
developed and furtherthat,afterdevelopment,Grantor,or itssuccessorsand assigns(hereafter
collectively"Grantor")may desireto modify the improvements on or the development of the
GallatinMall Parcel.Grantor shallhave the rightto constructimprovements on or to otherwise
develop and modify the Grantor's Property,including the relocationof the buildings and
improvements locatedthereonand therelocationof theEasement,provided,however thatno such
modificationto the GallatinMall Parcelorrelocationof the Easement shallunreasonablylimitor
restrictGrantee,or his invitees,to so use the Easement for access to the Grantee Property for
ingressand egressof vehicularand pedestriantrafficto and from the Grantee'sProperty.Grantee
recognizesthatGrantor'sTenant,Whole Foods Market Rocky Mountain/Southwest,L.P.("Whole
2856472 Page 2 of 11 08/06/2025 11:07:00 AM
Foods")has been grantedpriorityparking rightsintheAdjacent Parking Area adjacentsetforthin
such leasebetween Whole Foods and Grantor dated June 29,2020 as amended.Such Adjacent
Parking Area liesto the north of the Whole Foods Store.Grantee shallnot have any rightto use
such Adjacent Parking Area forparking,stagingof vehicles,or otheruses.Further,Grantee,its
customers and employees shallnot obstructthe Tenant Service Area (loadingdock)of Whole
Foods nor otherwise obstructor impede trafficalong the main east-westdrive/firelane abutting
the northsideof the Whole Foods building.
2.Duration.This Grant of Easement and the Easement grantedhereinshallbe shall
be perpetuallysubjecttotheCommon Maintenance Charges provided forherein.
3.Conditions to Use of Easement.Grantee'sentitlementto and use of the Easement
isconditionedupon the followingrequirements.
a.U_se.Grantee shalluse theEasement grantedhereinwith due regardtothe
rightsoftheGrantor,itsowners and itsinvitees.
b.Indemnification.Grantee shall defend,indemnify and hold Grantor
harmless from and against all liability,loss or costs incurred,including without limitation
reasonable attorney'sfees,arisingout of,relatedto or caused by the negligence or willful
misconduct of Grantee or itsagents,and tenants,arisingout of the use by Grantee,itsagentsand
tenantsof the Easement grantedby Grantor.
4.Common Area Maintenance Charge.Grantor agrees to maintain and repairthe
roadways and drive aislesin the GallatinMall Parcel that are the subjectof this Easement
Agreement.Grantee shallpay to Grantor a monthly Common Maintenance Charge of Two
Thousand Dollars ($2,000.00)per month commencing upon Grantee's commencement of
construction of improvements on the Grantee Property to compensate Grantor for such
maintenance,repairand upkeep of the roadways and drive aislesthat are the subjectof the
Easement.Such Common Area Maintenance Charge shallbe payable on the firstday of each
month.Any payment not paid by the 10thOf each month shallbe subjectto a 10%latefee.Such
monthly Common Area Maintenance Charge shallbe increasedthreepercent(3%)annually.
5.Covenants Run With Land.Each rightand obligationinthisAgreement (whether
affirmativeor negativein nature)(a)shallconstitutea covenant running with the land;(b)shall
benefitand bind every person having any fee,leaseholdor otherinterestin any portionof either
theGallatinMall ParcelortheGrantee'sPropertytotheextentthatsuch portionisaffected,bound
orbenefitedby theright-of-way,easement,covenant orrestrictionin question,ortotheextentthat
such right-of-way,easement,covenant or restrictionistobe performed on such portionorby such
party;and (c)shallbenefitand be binding upon any person whose titleis acquired by judicial
foreclosure,trustee'ssale,deed in lieuof foreclosureor otherwise.IfeitherGrantor or Grantee
transferstheirproperties,the transfereethereofshallautomaticallybe deemed to have assumed
and agreed tobe bound by the covenants and agreements of such partycontainedinthisGrant.
6.Limit of Benefit.The grantof theEasement islimitedinuse forthe benefitsolely
of the Grantee's Property and cannot be used by,or transferredfor the benefitof,any other
property.Nothing containedintheAgreement shallbe deemed a giftor dedicationoftheEasement
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or any portionof the Grantor'sProperty to the generalpublicor forthe publicor forany public
purpose.
7.Miscellaneous.
a.Should any party defaultin any of the covenants or agreements herein
contained,thatdefaultingpartyshallpay allcostsand expenses,includinga reasonableattorney's
fee,which may ariseor accrue from enforcingthisGrant or in pursuing any remedy provided
hereunder or by applicablelaw,whether such remedy ispursued by filingsuitor otherwise.This
obligationof the defaultingpartyto pay costsand expenses includes,without limitation,allcosts
and expenses,including a reasonable attorney'sfee,incurred on appeal and in bankruptcy
proceedings.
b.Itisexpresslyagreed thattheterms,covenants and conditionsof thisGrant
shallsurviveany legalactor conveyance requiredunder thisAgreement.
c.This Grant shallapply to,inuretothebenefitof and bind allpartieshereto,
theirassigns,heirs,personalrepresentativesand othersuccessors.
IN WITNESS WHEREOF,thepartieshave executed thisGrant theday and year first
above written.
GallatinMall Group,L.L.C.,a Montana limited
liabilitycom a
By:
o .o -Managing Member
STATE OF WASHINGTON )
ss.
COUNTY OF SPOKANE )
The foregoing instrumentwas acknowledged before me this__day of June 2025 by
JOHN P.,MORROW,the MANAGING MEMBER of GallatinMall Group,LLC,a Montana
limitedliabilitycompany,the signerof the foregoing instrumentwho duly acknowledged thathe
executed the same on behalfof such Company.
"'s,,blicinand f rthe StatepfíVashington
,Residing atSpokane
st My Commission expires D
commission#
25006278
Mycomm.Exp.
Feb10,2029
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EXHIBIT A
LEGAL DESCRIPTION OF GALLATIN MALL PARCEL
The following described lands and premises in Gallatin County,
Montana,to-wit:
Tract I of Certificateof Survey No.467A,locatedinthe S ½
of the SW ¼of Section 11,Township 2 South,Range 5 East,
P.M.M.,GallatinCounty,Montana,according to the official
platthereofon fileand of recordin the office of theCounty
Clerk and Recorder,GallatinCounty,Montana.
Excluding therefrom the followingdescribedpropertylocatedinthe SW ¼of
Section 11,Township 2 South,Range 5 East,PrincipalMeridian,GallatinCounty,
Montana,more particularlydescribedas follows:
Commencing from a pointcommon tothenorthwestcornerof Stateof Montana
Department of TransportationBargain and SaleDeed Film 148,Page 3285 and the
southeastcornerof Lot 2 of Minor Sub.No.135;thence N.1°29'36"E.fora
distanceof 292.33 feetto the Point ofBeginning;thence N.1°29'36"E.fora
distanceof 23.02 feet;thenceN.89°24'38"E.fora distanceof 175.61 feet;thence
S.2°09'10"W.fora distanceof 59.11 feet;thence S.7°51'53"W.fora distanceof
104.76 feet;thence S.12°10'18"W.fora distanceof 71.71 feet;thence
N.1°29'36"E.fora distanceof 209.74 feet;thence S.89°24'38"W.fora distanceof
150.00 feettothe Point of Beginning.
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EXHIBIT B
LEGAL DESCRIPTION OF GRANTEE'S PROPERTY
The following described land and premises in GallatinCounty,Montana,to wit:
Startingatthe point on intersectionbetween the West lineof Section 11,
Township 2 South,Range 5 East,M.P.M.,and the North sideof the rightof
way of U.S Highway 191,thence a distanceof 742.0 feetand bearing of
North 89°14'East along the north sideof said highway to the point of
beginning,which point isatthe southeastcorner of a plot of land owned by
the Stateof Montana and used by the StateFish and Game Commission;
thence in a northerlydirectionparallelto the west side of Section 11 a
distanceof 300.0 feet;thence ata rightangle to the west side of Section 11 in
an easterlydirectiona distanceof 150.0 feet;thence in southerly directionand
parallelto the west sideof Section 11 a distanceof 300.0 feet;thence in a
westerly directionalong the north side of U.S.Highway 191 rightof way a
distance of 150.0 feetto the point of beginning,alllying in the SW1/4SW1/4
of Section 11,Township 2 South,Range 5 East,M.P.M.,which tractisinthe
Buronepe Annexation to the City of Bozeman,GallatinCounty,Montana.
[Deed Reference:Book 137,page 556]
EXCEPTING THEREFROM thatportion conveyed to the Stateof Montana,
Department of Transportationby Bargain and Sale Deed recorded October 26,
1994 in Film 148,page 3285,records of GallatinCounty,Montana.
Together with the followingdescribedpropertylocatedinthe SW ¼of Section
11,Township 2 South,Range 5 East,PrincipalMeridian,GallatinCounty,
Montana,more particularlydescribedas follows:
Commencing from a pointcommon to thenorthwest cornerof Stateof Montana
Department of TransportationBargain and Sale Deed Film 148,Page 3285 and the
southeastcornerof Lot 2 of Minor Sub.No.135;thence N.1°29'36"E.fora
distanceof 292.33 feetto the Point of Beginning;thence N.1°29'36"E.fora
distanceof 23.02 feet;thence N.89°24'38"E.fora distanceof 175.61 feet;thence
S.2°09'10"W.fora distanceof 59.11 feet;thence S.7°51'53"W.fora distanceof
104.76 feet;thence S.12°10'18"W.fora distanceof 71.71 feet;thence
N.1°29'36"E.fora distanceof 209.74 feet;thence S.89°24'38"W.fora distanceof
150.00 feetto the Point of Beginning.
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EXHIBIT D
EXISTING EXCLUSIVES BURDENING GALLATIN MALL PARCEL
1."Lease Agreement"dated December 13,2000,by and between GallatinMall Group,
L.L.C.(as"Landlord"therein)and House of Fabrics,Inc.dba Jo-Ann Fabrics (as"Tenant"
therein),having a term terminating January 31,2026,with one (1)remaining five(5)year
optionsto extend.
This leasestates:"Excludingany occupant oftheShopping Centerasofthedateof thisLease,inthe
eventthatany portionofthe Shopping Center(otherthanthePremises),any additionsthereto,or any
outparcelsthereof,areused or occupied by (i)any tenantor occupant of the Shopping Centerwhose
primary businessisthe retailsaleof any itemscovered under theProtectedUse or,(ii)any tenantor
occupantoftheShopping Center who usestenpercent(10%)or more of itssalesareathereinforthe
retailsaleof any of theitemscovered under theProtectedUse (eitheroftheforegoingbeingreferred
to as a "Market Condition"),then Tenant shallhave therightand optioneitherto (i)pay Substitute
Rent,or (ii)terminatethisLease by giving writtennoticeto Landlord,in which event allfurther
obligationshereunder shallterminate.IfTenant electsthe optionin (i)above,itshallbe without
prejudiceto a futureelectionof theoptionsetforthin(ii)above."
The term "ProtectedUse isdefined in the leaseas:"thesaleof fabricsof allkinds,yard goods,
upholstery materials,patterns,knittingsupplies,needlepoint,macrame,artificialflowers and
accessories,artsand craftsmaterialsand supplies,finishedcrafts,pictureframes,framing(bothready-
made and custom made),yarnsand alltypesof notions,sewing machines,sewing machine furniture,
fabriccareitems,products,accessoriesand servicesrelatedtoallofthe foregoing."
2."Outparcel Ground Lease"dated April 17,2000,by and between GallatinMall Group,
L.L.C.(as"Landlord"therein)and CLC Montana,LLC dba Taco Bell(as"Tenant"therein),
having a term terminating August 31,2025,with three (3)remaining five(5)year options to
extend.
This leasestates:"Providedthat(i)Tenant isnotindefaulthereunder,(ii)Tenant continuestooperate
itsbusinesson the Premises as provided forinArticle11.2of thisLease,and (iii)Tenant continues
to operateunder itsagreement with Tenant'sFranchisor,Tenant shallhave the exclusiverightto
operatea Mexican restaurantin the Parking Area.This exclusiverightshallin no way preclude
Landlord from leasingspace withinthe Mall Area torestaurantoperatorsofferingMexican cuisine."
3."Lease Agreement"dated November 19,2001,by and between GallatinMall Group,
L.L.C.(as "Landlord"therein)and Barnes &Noble Booksellers,Inc.(as "Tenant therein),
having a term terminating January 31,2028,with one (1)remaining five(5)year option to
extend.
This leasestatesin Section7.1thereof:"Tenant and any otheroccupantsofthePremises ...may use
the Premises forthe purpose of the displayand retailsaleand/or rentalof (i)books,magazines,
periodicalsand newspapers inprint,(ii)books,magazines,periodicalsand newspapers on tape,disk,
CD-ROM and/or any othermedia,computer softwareand computer games,as well as any items
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which are technologicalevolutionof any of the foregoingitems,togetherwith variousmedia and
merchandise incidentalthereto,(iii)audiocompact discsand otherforms ofrecordedmusic,(iv)video
tapesand disks,video games,(v)othermerchandise typicallysoldin Tenant'sotherstoresand (vi)
any otherlawfulretailuse,exceptasmay be limitedby ExistingExclusivesand FutureExclusivesto
the extentsetforthin thisArticle7 ...Tenant may,at itssoleoption,also operate,or granta
concessionor subleaseforthe operationof,a "coffeeor espressobar"or "coffeeshop"or similar
operationwithinthe Premises providingitscustomerswith beverages,food and otherrelateditems
including,withoutlimitation,coffee,teaand otherbeverages,pastries,sandwiches,snacksand other
pre-preparedor packaged food or beverage items,as well as relatedmerchandise,eitherforsaleor
complimentary and foreitheron-siteortake-outconsumption (a"CoffeeShop")...Tenant'srightto
use thePremises forthepurposes setforthinclauses(v)and (vi)of thisParagraph 7.1 shallalsobe
subjecttoany exclusiveuse agreements (collectively,the"FutureExclusives")between Landlordand
other anchor-typetenantsor operatorswithin the Shopping Center (meaning tenants/occupants
occupying more than 15,000 squarefeetofdisplayarea)enteredintosubsequenttotheEffectiveDate
of thisLease,providedthat(1)Tenant receivesactualwrittennoticeof such Future Exclusives,(2)
Tenant has not,priorto receiptof such writtennotice,commenced the display,saleand/orrentalof
any oftheitemsaffectedby such FutureExclusives,(3)Tenant shallbe subjecttoeach oftheFuture
Exclusivesonly forso long as each remains inforceand effectintheShopping Center and (4)inno
event willany Future ExclusivespreventTenant from making a use of thePremises as long as the
displayareaTenant devotestothe item(s)covered by the FutureExclusive(s)shallbe lessthan ten
percent(10%)of thetotalfloorareacontainedwithinthePremises.
Itfurtherstatesin Section7.5:"Except to the extentpermittedby ExistingConflictingLeases (as
definedinSection7.8herein),Landlord,and itssuccessorsand assigns,shallnot(a)operateorpermit
underany circumstancestobe operatedwithintheShopping Centerincluding,withoutlimitation,any
land contiguous or adjacentto the Shopping Center,now or hereafterowned by Landlord or its
Affiliate(s)(hereinafterdefined)any otherstoresellingor displayingforsaleor rentalany of those
items described in clauses (i),(ii)and (iii)of the first(1st)sentence of Paragraph 7.1 above
(collectively,the "ExclusiveItems")(exceptthatwith respectto any landthatwould be contiguous
or adjacentto the Shopping Center but for any interveningroad,street,alleyor highway,such
exclusiveshallonly apply with respectto any premises thatoperatesprimarilyas a bookstore),(b)
operateor permitunder any circumstancestobe operatedwithinthe Shopping Centerany separately
demised newsstand or magazine rack,regardlessof size,or (c)operate or permit under any
circumstancestobe operated(1)any otherCoffee Shop withinone hundred (100)feetofthePremises
or (2)any other"SpecialtyCoffee Shops",ashereinafterdefined,withintheShopping Center,except
forthosetenantsoperatingas Coffee Shops or SpecialtyCoffee Shops as of the EffectiveDate (or
replacementsthereofwithinsuch spaces).As used herein,a "SpecialtyCoffee Shop"shallmean any
establishmentwhose primary business is the sale of coffee (eg.Starbucks Corporation,Rocky
Mountain Roasters,Seattle'sBest Coffee,etc.)The IncidentalSale(ashereinafterdefined)of one,
allor any combination of the Exclusive Items in connectionwith the overallbusinessof another
operatoror tenant,or the saleof coffee,tea or otherbeverages by a non-Coffee Shop restaurant
operatoror tenantas an incidentalpartof itsgeneralrestaurantoperation,shallnot be deemed a
violationof thisParagraph 7.5.As used herein,"IncidentalSale"shallmean the lesserof (x)seven
percent(7%)intheaggregateof such operator'sor tenant'sdisplayarea and (y)fivehundred (500)
square feetin the aggregateof such operator'sor tenant'sdisplayarea (inclusiveof allocableaisle
space).Notwithstandingtheforegoingtothecontrary,Landlord and Tenant agreethattheoperation
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of a Coffee Shop by a retailerhaving premises in excess of 10,000 square feetof Leasable Square
Footage as an incidental(butunrelated)partof itsoverallretailoperationshallnot be a violationof
thisParagraph 7.5,provided (a)such Coffee Shop operationdoes not exceed fivehundred (500)
squarefeet,(b)such Coffee Shop operationdoes nothave itsown separateexteriorbuildingsignage
or theword "Cafe","Coffee Shop"or thelikeas a partof itsexteriorbuildingsignageor advertised
through a window and (c)such Coffee Shop operationdoes not have itsown separateexterior
entrance."
4."Lease"dated May 27,2020 by and between Gallatin Mall Group,L.L.C.(as
"Landlord"therein)and Whole Foods Market Rocky Mountain/Southwest,L.P.(as"Tenant
therein),having a term terminating January 31,2043.
Article7.1of thisleasestatesinpart:
Tenant (and any successors,assignsor subtenantsof Tenant)shallbe subjectonly tothoseexclusives
of existingtenantsintheDevelopment thataresetforthinExhibitQ attachedheretoand made a part
hereof (the "ExistingExclusives").Except for the ExistingExclusives,Landlord shallnot be
permittedto grantany tenantin the Development any exclusiveuse protectionthatisbinding on
Tenant (orany successor,assign or subtenantof Tenant),and except forthe ExistingExclusives,
neitherTenant nor any successors,assignsor subtenantsof Tenant shallbe bound by any exclusives
of other tenantsincluding,without limitation,futureexclusivesgranted to othertenantsin the
Development.
Notwithstandingany provisionofthisLease tothecontrary,Tenant shallnotuse,or allowtheuse of,
theDemised Premises for,and Landlord shallnot use,or allowtheuse of,theDevelopment for,any
of theProhibitedUses (hereinso called)setforthon ExhibitL attachedhereto.
ProhibitedParking IntensiveUses.Except as prohibitedby applicableLaws,Landlord shallnot
permitinany portionofthe"ProhibitedParkingIntensiveUse Area"depictedon theSitePlan any of
thefollowing:
Any restaurantgreaterthan 3,000 squarefeet.
Any baror cocktaillounge greaterthan 3,000 squarefeet.
Any healthclub,healthspa,fitnesscenter,yoga orpilatescenter,weightroom,gymnasium orthelike
greaterthan 2,500 squarefeet.
Any salon (or other business)in excess of 2,000 gross square feetthatprovides hairtreatments
(haircuts,haircoloring,permanents,etc.),manicures,facials,massages or similarservices.
RestrictiveCovenant.Inno eventshalla grocerystoreotherthan Tenant be permittedto operatein
the Development.In addition,except forinteriormall tenantswithout a front-facingentryto the
parkinglotand exceptas prohibitedby applicableLaws,Landlord shallnot permit (A)inany other
portionofthe Development,or(B)on any landcontiguousoradjacenttotheDevelopment (including,
without limitation,any land thatwould be contiguousor adjacentto the Development but forany
interveningroad,street,alleyor highway)now or hereafterowned by Landlord or itsaffiliates
("RelatedLand"),any ofthe following:
Any saladbar,delicatessen(which isdefinedas a retailstorethatsellssliced-to-ordermeat and/or
cheese by weight or bulk),or any otherbusinessthatsellsany ready to consume prepared foods
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(including,withoutlimitation,pizza,salad,sandwichesor soups)foron oroffpremises consumption;
provided thatthisSection7.1(c)(i)shallnot prohibittheoperationof (A)a MOD Pizza or similar
quick-serveartisanalpizza business,(B)one or more sandwich shops such as Subway or Jimmy
John's,or (C)one (1)restaurantwithinthe interiormall but with a frontfacingentryto theparking
lotlocatedadjacenttotheexistingcinema orany replacementthereof.
Eatzi'sorany similarbusinessthatcombines a specialtyfood market and self-serviceEuropean-style
eatery.
Any juiceand/orsmoothie bar.
LYFE Kitchen,Veggie Grill,The Plant,Tender Greens,SweetGreen,Native Foods,good,CHOPT,
CORE,Urban Plates,or any similarbusiness.
The saleof (A)freshor pre-packaged produce,meat,poultry,or seafood,(B)dairy,cheese,cereals,
grains,fruitsor vegetables,(C)pre-packagedfrozenfoods,(D)groceryproductsor bulk foods,(E)
except if incidentalto a restaurantuse,gourmet foods,bakery goods,or alcoholicbeverages
(includingbeer and wine so long as Tenant issellingbeerand wine foroff-premisesconsumption),
(F)body careproducts,cosmetics,healthcareitems,beauty aids,plants,or flowers,or (G)vitamins,
medicinalherbs,naturopathicorhomeopathic remedies,or nutritionalsupplements.
Any use thatwould impair Tenant's abilityto obtain and/or maintain a licenseto sellalcoholic
beverages(includingwine and beer)foron-oroff-premisesconsumption from theDemised Premises.
ExceptionstoProhibitedUses,ProhibitedParkingIntensiveUses and RestrictiveCovenant -General.
NotwithstandingtheforegoingSections7.1(b)and 7.1(c)and ExhibitL,butsubjecttotheprovisions
of Section 7.1(d)(iv)below thatconstrainor prohibitthe saleof the items describedin Section
7.1(c)(v)above:
Landlord may leasepremisesintheDevelopment toone (1)conventionalpharmacy,such asCVS or
Walgreens,provided,however,such pharmacy may not devote more than twenty percent(20%)of
itssalesarea (includingassociatedaislespace)to the saleof food foroff-premisesconsumption so
long as itdoes not sellfreshproduce (exceptas permittedbelow)(the "Pharmacy Food Space
Limitation");provided,however,thatthereshallbe no restrictionof,and thePharmacy Food Space
Limitationshallnot apply to,the saleof candy,gum,mints,singleserve snack foods,water,soft
drinksor otherbeverages (otherthan beer,wine and alcohol,which salesareashallnot exceed 250
squarefeetincludingassociatedaislespace),frozennovelties(otherthan icecream,which shallbe
subjecttothePharmacy Food Space Limitation),nutritionalsupplements,vitamins,baby food orbaby
formula,or dietaids.In no event,however,shallsuch pharmacy be permittedto sellany amount of
fresh and/or frozen meat,poultry,seafood or produce,except that such pharmacy may sell
prepackaged freshfood includingwithoutlimitation,luncheon meats,cheese,hot dogs,bacon,pre-
packaged sandwiches and soups,pre-packagedfruitand vegetablesand pre-packaged saladsforoff-
premises consumption,provided the salesarea of these items shallnot exceed 250 square feet
(includingassociatedaislespace).As used inthissubsection,"salesarea"shallmean thefloorarea
accessibleto customers and in calculatingthe twenty percent(20%)limitationand the 250 square
footlimitationsas describedabove,shallmean thatportionof thesalesareaupon which the fixture
displayingthesaleof food foroff-premisesconsumption islocatedand theassociatedaislespace.As
used inthissubsection,"associatedaislespace"shallmean half(1/2)of the adjacentaislespacethat
servicessuch fixture.
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Landlord may leasepremises in the Development to one (1)cosmetic storesuch as Ulta,MAC or
Sephora.
Landlord may leasepremises inthe Development toone (1)CityVineyard or similartype use.
Landlord may leasepremisesinthe Development orRelatedLand to othertenantsor occupantsand
permit them to engage in "incidentalsales"of any of the prohibiteditems describedin Section
7.1(c)(v).For purposes of the foregoing,a tenantor occupant shallbe deemed to be conducting
"incidentalsales"of such prohibiteditems only if the aggregate floorarea in such tenant'sor
occupant'spremisesdevoted tothedisplayof such items(otherthanthoseitemsthe saleof which is
completelyprohibitedas provided below)does not exceed the lesserof (1)one percent(1%)of the
Rentable Area of such tenant'sor occupant'spremises,or (2)100 square feet.Notwithstandingthe
foregoing,however,thesaleofthefollowing(evenifsuch salesbe consideredonly "incidentalsales")
by any tenantor occupant inthe Development or on RelatedLand isexpresslyprohibited(1)wine
and/or beer for off premises consumption,(2)meat,poultry and/or seafood for off premises
consumption,(3)cheese foroffpremises consumption,(4)vitaminsforoffpremises consumption,
(5)naturopathicand/or homeopathic remedies for off premises consumption,and (6)nutritional
supplements foroffpremises consumption.
5."Shopping Center Lease"dated November 22,2024 by and between Gallatin Mall
Group,L.L.C.(as"Landlord"therein)and Sephora USA,Inc.(as"Tenant therein),having a
term terminating January 31,2036 with one (1)five(5)year option toextend.
This leasestates:Landlord shallnot permit any otherpremises in the Center (otherthan Tenants
Premises)to be occupied by and operated by any tenantwhose business is the sale,displayor
distribution,eithersolelyor in any combination,of any items includedin any one or more of the
followingcategoriesofmerchandise:(i)cosmetics,(ii)makeup,(iii)skincareproducts,(iv)haircare
products,or (v)perfumes and fragrances(herein"Tenants Exclusive").Other tenantsinthe center
may displayand sellsuch items on an "IncidentalBasis"(definedhereinas the saleand displayof
such items shallnot exceed a totalareaequal tothe lesserof (x)fivehundred (500)square feetof
Gross Leasable Area)or (y)fivepercent(5%)of the totalGross Leasable Area occupied by the
applicabletenant.The Tenant Exclusive shallnot apply to Bath &Body Works (existingtenant),
Lush (possiblefuturetenant)or any tenantexistingintheCenterwhose leaseallowsthesaleof such
items.Prohibitedretailersshallinclude,by way of example and not limitation,those businesses
operatingunder the followingtrade names:Beauty Brands,Blue Mercury,CVS,Rite Aid and
Walgreens.
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