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Get At The Request Of The Client, We Have Calculated The Annual Ground Rent For The Subject Property

Bject to be grouud leased to AEG with anunal rental paymeuts based on "Fair Market Value," the client has requested that the ground rent calculations be based npon the hypothetical condition that the property is limited to a parking use. As such, the ground rent calculations are based upon the $6,410,000 concluded Value In Use of the fee simple and air rights interests in the subject property as of November 3, 2011, and do not represent Market Value or Fair Market Value as outlined in the MOU. T.

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