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surfkast

03/04/18 12:57 PM

#33545 RE: BeerIsGood #33540

There are many other fees many are not costing in. Starting with labor and other costs plus the following.



4.1.1 Rent for greenhouse E, and portion of the packing building C referenced on Exhibit A and defined in part in Section 3 et seq. of this Agreement, shall commence on April 1, 2017 and shall be $7,000 per month for the Initial Term, as further detailed in Sections 3.1.1 and 3.1.2 of this Agreement.


Utilities. Tenant shall be solely responsible to pay prorated natural gas, heating, cooling, energy, light, power, sewer service, telephone, water, refuse disposal and other utilities and services provided to the Premises during the Term, together with any related installation or connection charges or deposits. Landlord shall install a submeter to measure electricity use by Tenant. Each individual greenhouse structure shall be equipped with an electrical meter supplied by Landlord.


7.1 Real Property Taxes. Tenant shall pay prorated ad valorem real property taxes (including assessments) levied or assessed upon the Leased Property during the term of this Lease, one-half (½) on December 1 and one-half (½) on April 1 of each year. Landlord will provide Tenant with a copy of the tax bill at least ten days (10) prior to December 1 of each year.

14.2.1 Tenant shall, at Tenant's expense, obtain and keep in force during the Term of this Lease a policy of commercial general liability insurance with Broad Form Liability, and cross-liability endorsements, insuring Landlord and Tenant against any liability arising out of the use or occupancy of the Premises and all areas appurtenant thereto, including parking areas. Such insurance shall be in an amount satisfactory to Landlord of not less than $1,000,000 for fire damage, $3,000,000 per occurrence and $5,000,000 annually in the aggregate for all claims. Such policy shall name Landlord as an additional insured.



14.2.2 Tenant shall, at Tenant's expense, obtain and keep in force, during the Term of this Lease, an “all risk” insurance policy with a sprinkler damage endorsement for Tenant's personal property, inventory, Alterations, fixtures, equipment, plate glass, and leasehold improvements located on the Premises, in an amount not less than one hundred percent (100%) of their actual replacement value, providing coverage for risk of direct physical loss or damage, including sprinkler leakage, vandalism, and malicious mischief. The proceeds of such insurance, so long as this Lease remains in effect, shall be used to repair or replace the personal property, inventory, Alterations, fixtures, equipment, and leasehold improvements so insured. Provided such proceeds are applied as set forth in this Section 14.2.2, any insurance proceeds received by Tenant under such policy shall be the sole property of Tenant, and Landlord shall have no rights thereto.





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growdoe

03/04/18 1:02 PM

#33547 RE: BeerIsGood #33540

Sorry, that is incorrect. The incentive table states "Harvested pounds per bay of sellable flower"

The inventive pay is based on the 96-160 lbs of sellable flower, which can get $1500 - $2000 per lbs minus the $40 - $120 incentive bonus.

There is no net loss.
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Rcranga

03/05/18 11:25 AM

#33623 RE: BeerIsGood #33540

YES, it’s a loss on the books. A tax write off. Amazing they would sale a # of extract for less than half of wholesale price? Assuming we’re talking about premium oil which retails for $45-$60 per gram in preload form........