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Short Form LeaseDocument No. A633292 OFFICE OF THE COUNTY RECORDER CARVER COUNTY, MINNESOTA Certified Recorded on -September 07, 2016 2:10 PM Fee: $46.00 1111111111111111111 David Frischmon 633292 County Recorder SHORT FORM LEASE THIS SHORT FORM LEASE (the "Short Form Lease") is entered into as of this a day of September, 2016, by and between CHANHASSEN SHOPPES, LLC, a Minnesota limited liability company ("Landlord"), and CHICK-FIL-A, INC., a Georgia corporation ("Tenant"). WITNESSETH: A. Landlord and Tenant have entered into an Amended and Restated Ground Lease dated Z , 2016 (the "Lease") in relation to the real property legally described on Exhibit A, attAched hereto and incorporated herein, and are filing this Short Form Lease to provide record notice of the Lease and the terms and conditions contained in the Lease. NOW, THEREFORE, for and in consideration of the mutual covenants contained in this Short Form Lease and in the Lease, Landlord and Tenant hereby agree as follows: 1. Demised Premises. Effective as of the Commencement Date, Landlord leases to Tenant, and Tenant leases from Landlord, on the terms and conditions of this Lease, the Land, together with any and all improvements, appurtenances, rights, privileges and easements benefiting, belonging or pertaining to the Land (collectively, the "Demised Premises"). 2. Term. The term of the Lease will commence on the Commencement Date (as that term is defined in the Lease), and will terminate on the last day of the month which is twenty (20) years after the Rent Commencement Date (as that term is defined in the Lease) unless sooner terminated or extended as provided in the Lease. Tenant has the right to extend the term of the Lease for six (6) consecutive periods of five (5) years each pursuant to the terms of the Lease. Upon request, each of Landlord and Tenant agrees to promptly execute and deliver an amendment to this Short Form Lease in recordable form acknowledging the actual date of the Commencement Date and the Rent Commencement Date. 3. Incorporation of Lease. The provisions of the Lease are incorporated into this Short Form Lease as if set out in full. In the event of any conflict or inconsistency between the terms of this Short Form Lease and the terms of the Lease, the terms of the Lease will govern and control for all purposes. 4. Defined Terms. All capitalized terms and words of art which are used but not defined in this Short Form Lease will have the same respective meaning designated for such terms and words of art in the Lease. Commercial Partners Title, LLC Vim:. C_v\lam Ca 200 South Sixth Street Suite 1300 Minneapolis, MN 554M 5. Cancellation of Short Form Lease. On the request of Landlord following the expiration or termination of the Lease, Tenant will promptly execute and deliver an appropriate release and/or cancellation instrument in recordable form acknowledging the expiration or termination of the Lease and releasing any and all right, title and interest of Tenant in and to the Demised Premises under the Lease. [Signature Pages Follow] PA Landlord and Tenant have caused this Short Form Lease to be executed on the day, month and year set out above. "LANDLORD" CHANHASSEN SHOPPES, LLC, a Minnesota limited liability company ay M. S tt Title:President STATE OF MINNESOTA ) ss COUNTY OF HENNEPIN ) � V� On this day of 2016, before me personally appeared Jay M. Scott, the President of CHANHASSEN SHOPPES, LLC, a Minnesota limited liability company, the persons who are described herein and who executed the within and foregoing instrument and acknowledged to me that the such entity executed the same. M" JSHU&BG�w N ary Public {Hotaty PubBP4a Ogn„Mbn80"J001.201e "TENANT" CHICK-FIL-A, INC., a G gia corporation By: Name: Title: v: , or.es,aer+ and Assist -ant n_, . i Counsel (CORPORATE SEAL) STATE OF GEORGIA ) ) ss COUNTY OF FULTON ) On this + day of UkWIXC 2016, before me personally appeared the of Chick-fil-A, Inc., a Georgia corporatio , the persons who are described herein and who executed the within and foregoing instrument and acknowledged to me that the such entity executed the same. \��.�` ,�� ..... Notary Public < % O by co'•� ; m � s 1 i 11111 EXHIBIT A LEGAL DESCRIPTION Parcel 1 Lot 2, Block 1, Zamor Addition, according to the recorded plat thereof, Carver County, Minnesota, EXCEPTING THEREFROM the following tract: That part of Lot 2, Block 1, Zamor Addition, shown as Parcel 208B on Minnesota Department of Transportation Right of Way Plat No. 10-3 filed March 14, 1991, as Document No. 122284. Parcel 1 contains approximately 1.32 acres as shown on that certain ALTA/ACSM Survey prepared by Craig W. Morse, Minnesota License No. 23021, HR Green, Inc., dated September 1, 2016. Parcel 2 Easement for parking as contained and described in Cross Easement for Parking dated July 25, 1996, filed July 29, 1996, as Document No. 198692. Carver County, Minnesota Abstract Property This document drafted by: Siegel Brill, P.A. 100 Washington Ave S, Suite 1300 Minneapolis, MN 55401 CONSENT AND SUBORDINATION AGREEMENT THIS CONSENT AND SUBORDINATION AGREEMENT is entered into by BRIDGEWATER BANK, a Minnesota banking corporation ("Lender"), as the holder of that certain Combination Mortgage, Security Agreement, Fixture Filing and Assignments of Leases and Rents dated February 4, 2015, and recorded with the Carver County Recorder's Office on February 5, 2015 as Document No. A605309 (the "Security Deed"), which Security Deed encumbers the property described on Exhibit A of the Short Form Lease (the "Short Form Lease") to which this Consent and Subordination Agreement is attached. Lender does hereby consent to the execution and delivery of the Short Form Lease and hereby agrees that the Security Deed is and shall be subordinate to the rights created under the Short Form Lease. IN WITNESS WHEREOF, Lender has executed this Consent and §u1 t rdination A reement under seal by its duly authorized representative as of the day of 2016. BRIDGEW BANK By: Its: &-rt A ± STATE OF MINNESOTA ) ) ss COUNTY OF ftV ASV N ) rO,n this day of `j �1,1/1� 2016, before me personally appeared the \ t)l-L of Bridgewater Bank, a banking corporation, the person who is described herein and who executed the within and foregoing instrument and acknowledged to me that the such tity execu d the same. ry Public ASHLEY MARIE KEMPLIN•GAMM Notary Public State of Minnesota �j My commission Expires ' in. January 31 , 2018