• Sale-Leaseback: Single-Tenant Club Studio ° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.] ° ABSOLUTE NNN Lease. No landlord responsibilities. ° 15-year Primary Lease Term, plus three (3), 5-year Options ° 8% Rent Increases every 5 years, including Options • About Club Studio ° Fitness International’s Highest-End health club offering ° $134 - $249 monthly memberships ° 18 Club Studio Studio locations Open, 21 Coming Soon, & many more in the development pipeline ° Studio Row: Club Studio’s signature boutique classes all centralized under one roof » Pilates, HIIT, Cycling, Boxing & Hot Yoga • About Fitness International, LLC ° Parent Company to Club Studio and LA Fitness ° (+) 735 open and operating health clubs across North America, and expanding ° #1 largest health club operator in North America by revenue ° $2.2B Estimated Annual Revenue ° Founded in 1984, with over 40 Years of Operational Experience