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ATO OFFICE – LEASE EXTENSION
2020 2021 2022 2023 2024 Est. Cost over new
1st Year 2nd Year 3rd Year 4th Year 5th Year Lease Period
Current Rate Review Increase $10,606,592 $11,030,856 $11,472,090 $11,930,973 $12,408,212 $57,448,723
Option 1 - Fixed Rate for Extension $10,198,646 $10,198,646 $10,198,646 $10,198,646 $10,198,646 $50,993,230
Savings $6,455,493
• The	estimated	savings	are	based	on	the	following:
o Approval	to	Extend	the	Current	Lease	by	Five	Years	
o Talks	with	the	Landlord	(or	representative)
• Due	to	time	constraints,	the	Option	put	forward	is	an	informal	- negotiated	arrangement	
• We	have	market	tested	our	thesis	and	expect	the	savings	identified	to	be	the	minimum	outcome
• We	have	also	used	the	ATO’s	Brand	as	leverage		
“Now,	before	the	Property	is	sold	is	the	optimum	time	to	get	as	much	commercial	leverage	with	
the	current	Lease”

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ACX Identifies a Saving for the ATO

  • 1. ATO OFFICE – LEASE EXTENSION 2020 2021 2022 2023 2024 Est. Cost over new 1st Year 2nd Year 3rd Year 4th Year 5th Year Lease Period Current Rate Review Increase $10,606,592 $11,030,856 $11,472,090 $11,930,973 $12,408,212 $57,448,723 Option 1 - Fixed Rate for Extension $10,198,646 $10,198,646 $10,198,646 $10,198,646 $10,198,646 $50,993,230 Savings $6,455,493 • The estimated savings are based on the following: o Approval to Extend the Current Lease by Five Years o Talks with the Landlord (or representative) • Due to time constraints, the Option put forward is an informal - negotiated arrangement • We have market tested our thesis and expect the savings identified to be the minimum outcome • We have also used the ATO’s Brand as leverage “Now, before the Property is sold is the optimum time to get as much commercial leverage with the current Lease”