<div dir="ltr"><div><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:1rem 0px 0.5rem;letter-spacing:0.08px"><font face="arial, sans-serif">Hello Brian &amp; Rick,</font></p><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:1rem 0px 0.5rem;letter-spacing:0.08px"><font face="arial, sans-serif"><br></font></p><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:1rem 0px 0.5rem;letter-spacing:0.08px"><span style="letter-spacing:normal">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.</span></p><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:1rem 0px 0.5rem;letter-spacing:0.08px"><span style="box-sizing:border-box;border-width:0px;border-style:solid"><font face="arial, sans-serif">Key Points from the Landlord’s Update:</font></span></p><ul class="gmail-marker:text-quiet gmail-list-disc" style="box-sizing:border-box;border-width:0px;border-style:solid;list-style-position:initial;margin:0px;padding:0px;letter-spacing:0.08px"><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif">A revised lease will be sent by <span style="box-sizing:border-box;border-width:0px;border-style:solid">Wednesday</span>, with a new commencement date of <span style="box-sizing:border-box;border-width:0px;border-style:solid">September 1</span>.</font></p></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif">Rent abatement is being adjusted: instead of 50% in September and October, it will now be <span style="box-sizing:border-box;border-width:0px;border-style:solid">20% for each month</span>. By November, full rent begins as previously planned.</font></p></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif">Missed July/August NNN payments have been factored into this adjustment (they are <span style="box-sizing:border-box;border-width:0px;border-style:solid">not collecting retroactively</span>).</font></p></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><span style="box-sizing:border-box;border-width:0px;border-style:solid"><font face="arial, sans-serif">Deadlines &amp; Payments:</font></span></p><ul class="gmail-marker:text-quiet gmail-list-disc" style="box-sizing:border-box;border-width:0px;border-style:solid;list-style:disc;margin:0.75em 0px;padding:0px"><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif"><span style="box-sizing:border-box;border-width:0px;border-style:solid">Friday, August 22:</span> Lease must be fully executed; $51,566.26 payment due at signing.</font></p></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif"><span style="box-sizing:border-box;border-width:0px;border-style:solid">September 1:</span> First full rent payment of $98,790.62 due (with $51,566.26 already applied at signing).</font></p></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif"><span style="box-sizing:border-box;border-width:0px;border-style:solid">September 15:</span> Full security deposit of $674,214.61 due (can be split between monetary payment and letter of credit).</font></p></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif"><span style="box-sizing:border-box;border-width:0px;border-style:solid">October 1:</span> Rent of $95,913.23 due.</font></p></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif"><span style="box-sizing:border-box;border-width:0px;border-style:solid">November and onward:</span> Rent increases to $113,445.76 monthly.</font></p></li></ul></li><li class="gmail-py-0 gmail-my-0 gmail-prose-p:pt-0 gmail-prose-p:mb-2 gmail-prose-p:my-0 gmail-[&amp;&gt;p]:pt-0 gmail-[&amp;&gt;p]:mb-2 gmail-[&amp;&gt;p]:my-0" style="box-sizing:border-box;border-width:0px;border-style:solid;margin-top:0px;margin-bottom:0px;padding-top:0px;padding-bottom:0px"><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0px 0px 0.5rem;padding-top:0px"><font face="arial, sans-serif">Florida will eliminate commercial rent sales tax in October, reducing monthly rent by ~$3,400 going forward.</font></p></li></ul><div><font face="arial, sans-serif"><span style="letter-spacing:0.08px"><br></span></font></div><div>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.</div><div><br></div><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0.5rem 0px;letter-spacing:0.08px"><span style="letter-spacing:normal">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.</span></p><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0.5rem 0px;letter-spacing:0.08px"><span style="font-family:arial,sans-serif;letter-spacing:0.08px"><br></span></p><p class="gmail-my-2 gmail-[&amp;+p]:mt-4 gmail-[&amp;_strong:has(+br)]:inline-block gmail-[&amp;_strong:has(+br)]:pb-2" style="box-sizing:border-box;border-width:0px;border-style:solid;margin:0.5rem 0px;letter-spacing:0.08px"><span style="font-family:arial,sans-serif;letter-spacing:0.08px">Thank you and looking forward to moving this into the final round of execution.</span></p></div><div><br></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><p style="margin:0in"><span style="color:black;font-family:Arial,sans-serif"><br></span></p><p style="margin:0in"><span style="color:black;font-family:Arial,sans-serif">Jordan G. Wroblewski</span></p><p style="margin:0in"><span style="font-family:Arial,sans-serif;font-size:9pt;color:black">Partner | President <br></span></p><p style="margin:0in"><span style="font-family:Arial,sans-serif;font-size:10pt;color:black">Lithium Battery Company</span></p><p style="margin:0in"><span style="font-family:Arial,sans-serif;font-size:10pt;color:black">Direct: (917) 266-5336<br></span></p><p style="margin:0in"><span style="font-family:Arial,sans-serif;font-size:9pt;color:blue"><u>jordan<a href="mailto:Jarrett.brownfield@trackmastermobility.com" style="color:blue;margin:0px" target="_blank">@lithiumbatterycompany.com</a></u></span></p><p style="margin:0in"><span style="font-family:Arial,sans-serif;font-size:9pt;color:rgb(5,99,193)"><a href="http://lithiumbatterycompany.com" target="_blank">Lithium Battery Company</a></span></p></div></div></div><br><br><div class="gmail_quote gmail_quote_container"><div dir="ltr" class="gmail_attr">---------- Forwarded message ---------<br>From: <strong class="gmail_sendername" dir="auto">Ozzie Mutz</strong> <span dir="auto">&lt;<a href="mailto:Ozzie@laurelridge.net">Ozzie@laurelridge.net</a>&gt;</span><br>Date: Mon, Aug 18, 2025 at 2:45 PM<br>Subject: 3900 W Coachman Ave - Revised Lease Terms and Final Execution Deadline<br>To: Nathan Staron &lt;<a href="mailto:Nathan@lithiumbatterycompany.com">Nathan@lithiumbatterycompany.com</a>&gt;, Jordan Wroblewski &lt;<a href="mailto:jordan@lithiumbatterycompany.com">jordan@lithiumbatterycompany.com</a>&gt;, Jarrett Brownfield &lt;<a href="mailto:jarrett@lithiumbatterycompany.com">jarrett@lithiumbatterycompany.com</a>&gt;<br>Cc: Bert de Alejo &lt;<a href="mailto:bert@laurelridge.net">bert@laurelridge.net</a>&gt;, Joe Facchini &lt;<a href="mailto:joe@laurelridge.net">joe@laurelridge.net</a>&gt;<br></div><br><br><div dir="ltr"><div><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:115%">Hi LBC team,<br><br>Thanks again for your text messages last week.  I wanted to follow up formally to recap where things stand and outline the next steps.<br><br>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.<br><br>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.<br><br><b>Key Deadlines &amp; Payment Structure</b><br></p><ul><li>The lease must be fully executed no later than this Friday, August 22.</li><li>The $51,566.26 payment will be due at signing, as previously discussed.</li><li>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:</li><ul><li>Base Rent: $70,130.10 (80% of full base rent)</li><li>NNN Expenses: $25,783.13</li><li>Sales Tax: $2,877.39</li></ul><li>The full security deposit of 674,214.61 will be due by September 15.</li><ul><li>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.</li></ul><li>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.</li><li>On October 1, the next month’s rent  of $95,913.23 will be due.</li><li>On November 1 and monthly thereafter, monthly rent of $113,445.76 will be due.</li><ul><li>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.  </li></ul></ul>This structure should match the expectations you communicated last week.<p></p><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:115%"><br><b>Additional Request</b><br>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.<br><br>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.<br><br>I look forward to your confirmation and timely execution of the next steps.<br><br>Best regards,<br><br><b><font color="#073763" face="arial, sans-serif">Ozzie Mutz</font></b></p></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><font face="arial, sans-serif"><span><div><font color="#666666"><span title="Call with Google Voice"><span title="Call with Google Voice"><span title="Call with Google Voice"><span title="Call with Google Voice">(863) 698-1493</span></span></span></span> </font><span style="color:rgb(102,102,102)">| </span><a href="mailto:Ozzie@LaurelRidge.net" style="color:rgb(17,85,204)" target="_blank">Ozzie@LaurelRidge.net</a></div></span><font color="#666666">Laurel Ridge </font><span style="color:rgb(102,102,102)">| </span><a href="http://www.laurelridge.net/" style="color:rgb(17,85,204)" target="_blank">www.LaurelRidge.net</a></font></div></div></div></div></div></div></div></div><img src="https://cFND-04.na1.hs-salescrm-engage.com/Cto/DL+23284/cFND-04/R5Q8b48zFN7xtP7w2fJvyW1N7DCN1Vp-BnW23f38N1XnCXkW1GzK9r1YXNFtW3LHKj93JH8t0W1N7ZS_1W-thbf24S6Gq12" alt="" height="1" width="1" style="display:none!important"><div></div><div id="m_7426016511018898296data-hbsasc-v0-80218f0f-d464-420d-be52-6105e4dd2114"></div></div>
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