Hello Brian, Rick, and team,

Please see the attached updated lease agreement, along with a redline
comparing the changes against the approved lease from June. The Landlord
noted one change to Section 24(b) to reduce the tenant improvements by the
additional cost of extending the ramp on the west side. They felt it was
more straightforward to reduce that now rather than billing us after the
lease was signed, as the work has already been completed.

Brian, once you've had a chance to review, Ozzie and his team would like to
connect at some point this week. Please let me know your availability so I
can coordinate a call.

Best,

Jordan G. Wroblewski

Partner | President

Lithium Battery Company

Direct: (917) 266-5336

*jordan@lithiumbatterycompany.com
<Jarrett.brownfield@trackmastermobility.com>*

Lithium Battery Company <http://lithiumbatterycompany.com>


On Mon, Aug 18, 2025 at 3:15 PM Jordan Wroblewski <
jordan@lithiumbatterycompany.com> wrote:

> Hello Brian & Rick,
>
>
> I wanted to share a quick summary of the landlord’s most recent update
> (see below) regarding the 3900 W Coachman Ave lease and check your
> availability to connect directly with them this week.
>
> Key Points from the Landlord’s Update:
>
>    -
>
>    A revised lease will be sent by Wednesday, with a new commencement
>    date of September 1.
>    -
>
>    Rent abatement is being adjusted: instead of 50% in September and
>    October, it will now be 20% for each month. By November, full rent
>    begins as previously planned.
>    -
>
>    Missed July/August NNN payments have been factored into this
>    adjustment (they are not collecting retroactively).
>    -
>
>    Deadlines & Payments:
>    -
>
>       Friday, August 22: Lease must be fully executed; $51,566.26 payment
>       due at signing.
>       -
>
>       September 1: First full rent payment of $98,790.62 due (with
>       $51,566.26 already applied at signing).
>       -
>
>       September 15: Full security deposit of $674,214.61 due (can be
>       split between monetary payment and letter of credit).
>       -
>
>       October 1: Rent of $95,913.23 due.
>       -
>
>       November and onward: Rent increases to $113,445.76 monthly.
>       -
>
>    Florida will eliminate commercial rent sales tax in October, reducing
>    monthly rent by ~$3,400 going forward.
>
>
> The landlord also reiterated that if the lease is not signed and initial
> payments are not made by this Friday, they will re-engage other interested
> tenants and re-list the property.
>
> Please let me know your availability to connect with the landlord this
> week. Once I have your availability, I will coordinate directly with them
> to set up the call.
>
>
> Thank you and looking forward to moving this into the final round of
> execution.
>
>
> Jordan G. Wroblewski
>
> Partner | President
>
> Lithium Battery Company
>
> Direct: (917) 266-5336
>
> *jordan@lithiumbatterycompany.com
> <Jarrett.brownfield@trackmastermobility.com>*
>
> Lithium Battery Company <http://lithiumbatterycompany.com>
>
>
> ---------- Forwarded message ---------
> From: Ozzie Mutz <Ozzie@laurelridge.net>
> Date: Mon, Aug 18, 2025 at 2:45 PM
> Subject: 3900 W Coachman Ave - Revised Lease Terms and Final Execution
> Deadline
> To: Nathan Staron <Nathan@lithiumbatterycompany.com>, Jordan Wroblewski <
> jordan@lithiumbatterycompany.com>, Jarrett Brownfield <
> jarrett@lithiumbatterycompany.com>
> Cc: Bert de Alejo <bert@laurelridge.net>, Joe Facchini <
> joe@laurelridge.net>
>
>
> Hi LBC team,
>
> Thanks again for your text messages last week.  I wanted to follow up
> formally to recap where things stand and outline the next steps.
>
> I’ll be sending over a revised lease by early Wednesday that reflects a
> new Commencement Date of September 1.  It will also include revised rent
> abatement terms to account for the missed payments in July and August.
> Rather than the previously discussed 50% base rent abatement for September
> and October, the updated lease will reflect a 20% abatement for each of
> those two months.  This adjustment brings us to roughly the same place by
> November, when full rent is set to begin.
>
> To clarify: we are not backdating the lease to July 1 and then collecting
> partial rent for July or August.  Instead, the missed NNN payments for
> those months are being factored into the reduced rent abatement in
> September and October.
>
> *Key Deadlines & Payment Structure*
>
>    - The lease must be fully executed no later than this Friday, August
>    22.
>    - The $51,566.26 payment will be due at signing, as previously
>    discussed.
>    - On September 1, the first full rent payment will be due.  This
>    totals $98,790.62 ($51,566.26 will have already been paid leaving a balance
>    of $47,224,36) and includes:
>       - Base Rent: $70,130.10 (80% of full base rent)
>       - NNN Expenses: $25,783.13
>       - Sales Tax: $2,877.39
>    - The full security deposit of 674,214.61 will be due by September 15.
>       - The can still be split between $233,698.28 monetary payment and
>       $440,818.05 letter of credit, or some, if not all, letter of credit funds
>       can be shifted to a monetary deposit.
>    - Once the August 22, September 1, and September 15 required rent and
>    security deposit payments have been made in full, you’ll have access to the
>    premises.  However, you won’t have access to the premise until those
>    payments are made in full.
>    - On October 1, the next month’s rent  of $95,913.23 will be due.
>    - On November 1 and monthly thereafter, monthly rent of $113,445.76
>    will be due.
>       - As a helpful note: beginning in October, Florida is eliminating
>       sales tax on commercial rents, which will reduce your future unabated
>       monthly rent payments by approximately $3,400.
>
> This structure should match the expectations you communicated last week.
>
>
> *Additional Request*
> Please connect us directly with Brian Stufflebean from Bayfront Capital.
> We’d like to confirm the current timeline and status of your JV discussions
> with him.
>
> To be candid, we are disappointed by the number of missed deadlines to
> date.  If the lease is not signed and the required payment is not made by
> Friday, we will begin re-engaging the other interested tenants we’ve had on
> hold and will re-list Coachman under the premium advertising plans where we
> had previously taken it down in anticipation of wrapping up our lease with
> you.  Please also understand that, as time passes, the terms currently
> offered may no longer be available and will likely become less favorable.
>
> I look forward to your confirmation and timely execution of the next steps.
>
> Best regards,
>
> *Ozzie Mutz*
> (863) 698-1493 | Ozzie@LaurelRidge.net
> Laurel Ridge | www.LaurelRidge.net <http://www.laurelridge.net/>
>