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10 le) 'cm 191 kit.? Otr QM (Ill fere fen tot Ina raw daa Represents fixed. base and participating rent actually received through December 3L 2014 and does not include certain rent to be paid under participating leases that has not yet been recognized, particularly for our mature pentement crop farms. which tend to generate the majority of their rent through participation. Such rent is typically paid in the fourth quarter of each year or over the fir➢ and second quarter of the following was Represents fixed. base and participating rent actually received during the quarter ended June 30. 2015 and includes certain rent paid under participating leases for 3114 that was not recognized until the first and second quarters of 2015. Does not include certain rent to be paid under Nrricipating leases that has not yet been recognized, Nairn'ally for our mature permanent crop rants, which tend to generate the majority of their rent through participation. Such rent is typically paid in the fourth quarter of each year or over the first and second quarter of the following year. On December 9. 3314, we acquired a second farm that is adjutant to and will be aggregated with Kimberly Vineyard. This property consists of 175 pow acres, with 164 tillable acres. Thin property was acquired for • purchase price of approximareN $9.8 million. Starting with the 2015 crop season, the second acquisition property is leased to the same tenant, through a different corporate entity. who leases the initial Kimberly Vineyard and is also structured as a participating lease with a base rent. Because the property consists of two parcels purchased at different times. the parcels have two separate learns. Ibtal 0,St for second parcel of Kimberly Vineyard acquired on December 9. 2014 and for Ftticon Farms acquired on November II. 1014 includes laud cost and preliminary closing costs. Subject to a flexible lease. including a base rent component and a flexible component based on perce

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