AGREEMENT OF LEASE
THIS AGREEMENT OF LEASE made as of 1st day of March, 1994, between Jubilee Limited Partnership, a(n) Ohio limited
partnership (the "Landlord"), and Value City Department Stores, Inc., a(n) Ohio Corporation (the "Tenant").
1. Basic Lease Provisions and Premises.
(a) Basic Lease Provisions.
(i) Name of Shopping Center: The Crossing at Hobart
(ii) Leasable Area of Premises: 95,086 sq. ft.
(iii) Gross Floor Area of Shopping Center: 952,960 sq. ft
(iv) Tenant's Proportionate Share of Common Area Expense: 9.97 Percent
(v) Tenant's Proportionate Share of Real Estate Taxes: 9.97 Percent
(vi) Primary Lease Term: 15 years
(vii) Annual Fixed Rent: Years 1-5 $404,115.50 Years 6-10 $427,887.00 Years 11-15 $451,585.00
(viii) Monthly Installment of Fixed Rent: Years 1-5 $33,676.29 Years 6-10 $35,657.25 Years 11-15 $37,632.09
(ix) Renewal Lease Term: Two (2), Five (5) year renewal terms
(x) Annual Fixed Rent During Renewal Term: Years 16-20 $475,430.00 Years 21-25 $499,201.5
(xi) Monthly Installment of Fixed Rent During Renewal Term: Years 16-20 $39,619.17 Years 21-25 $41,600.13
(b) Landlord hereby leases to Tenant, and Tenant hereby rents from Landlord, the premises containing approximately 95,086 square
feet and known as Value City Department Store space and outlined in red on the site plan attached to this Lease as Exhibit "A" and
made a part hereof (the "Site Plan"), together with all improvements now or to be constructed thereon, and all easements, rights,
privileges and interests appurtenant thereto (collectively referred to as the "Premises"). The Premises constitute a portion of a shopping
center known as The Crossing at Hobart (the "Center"). Landlord represents and warrants to Tenant that the Premises and Center are
substantially shown on the Site Plan, including all rights of access, ingress and egress, at the point shown on the Site Plan, in, to, from
and over any and all streets, ways or alleys adjoining the Center. The real property comprising the Center is more particularly describ