Gregg M. Galardi, Esq. Ian S. Fredericks, Esq. SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP One Rodney Square PO Box 636 Wilmington, Delaware 19899-0636 (302) 651-3000 - and Chris L. Dickerson, Esq. SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP 333 West Wacker Drive Chicago, Illinois 60606 (312) 407-0700 Counsel to the Debtors and Debtors in Possession
Dion W. Hayes (VSB No. 34304) Douglas M. Foley (VSB No. 34364) MCGUIREWOODS LLP One James Center 901 E. Cary Street Richmond, Virginia 23219 (804) 775-1000
UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION In re: CIRCUIT CITY STORES, INC., et al., ) ) ) ) ) ) ) ) Chapter 11 Case No. 08-35653-KRH
Jointly Administered
Debtors.
NOTICE OF FILING OF AGENCY AGREEMENT BY AND BETWEEN GREAT AMERICAN GROUP WF, LLC, HUDSON CAPITAL PARTNERS, LLC, SB CAPITAL GROUP, LLC, AND TIGER CAPITAL GROUP, LLC AND CIRCUIT CITY STORES, INC., CIRCUIT CITY STORES WEST COAST, INC., AND CICCUIT CITY STORES, INC.’S OTHER DIRECT AND INDIRECT SUBSIDIARIES PLEASE TAKE NOTICE that on January 16, 2009, the abovecaptioned debtors and debtors-in-possession (the “Debtors”) filed an Agency Agreement by and between Great American Group WF, LLC, Hudson Capital Partners, LLC, SB Capital Group, LLC, and Tiger Capital Group, LLC and Circuit City Stores, Inc. (“CCI”), Circuit City Stores West Coast, Inc., and CCI’s other direct and indirect subsidiaries.
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0835653090116000000000002
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Dated: January 16, 2009 Richmond, Virginia
SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP Gregg M. Galardi, Esq. Ian S. Fredericks, Esq. P.O. Box 636 Wilmington, Delaware 19899-0636 (302) 651-3000 - and – SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP Chris L. Dickerson, Esq. 333 West Wacker Drive Chicago, Illinois 60606 (312) 407-0700 - and – MCGUIREWOODS LLP
/s/ Douglas M. Foley . Dion W. Hayes (VSB No. 34304) Douglas M. Foley (VSB No. 34364) One James Center 901 E. Cary Street Richmond, Virginia 23219 (804) 775-1000 Counsel for Debtors and Debtors in Possession
AGENCY AGREEMENT This Agency Agreement (the "Agreement") is made as of this 15th day of January, 2009 by and between Great American Group WF, LLC, Hudson Capital Partners, LLC, SB Capital Group, LLC, and Tiger Capital Group, LLC (collectively, the "Agent") and Circuit City Stores, Inc., a Virginia corporation ("CCI"), Circuit City Stores West Coast, Inc., a California corporation, and CCI's other direct and indirect subsidiaries (collectively, "Merchant") that are debtors in possession in chapter 11 bankruptcy cases jointly administered under Case No. 08-35653 (KRH) (E.D. Va.) (collectively, the "Chapter 11 Cases") and with a principal place of business at 9950 Mayland Drive, Richmond, Virginia 23233. RECITALS WHEREAS, Merchant desires that Agent act as Merchant’s exclusive agent for the purpose of conducting a sale (the "Sale") of all of the Merchandise (as hereinafter defined) located in 567 retail store locations ("Stores") and distribution centers set forth on Exhibit 1 (each a "Closing Location," and collectively the “Closing Locations”). NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Agent and Merchant hereby agree as follows: Section 1. Defined Terms. The terms set forth below are defined in the Sections referenced of this Agreement: Defined Term Additional Stores Agency Account Agency Documents Agent Agent Claim Agent Letter of Credit Agent’s Fee Agent Indemnified Parties Agreement Approval Order Benefits Cap Central Service Expenses Chapter 11 Cases Closing Locations Cost File Cost Value Defective Merchandise Designated Merchant Section Reference Section 21 Section 7.2(a) Section 12.1(b) Preamble Section 13.5 Section 3.3(b) Section 3.2 Section 14.1 Preamble Section 2.1 Section 4.1(b) Section 4.1 Preamble Recitals Section 5.3(a) Section 5.3(a) Section 5.1(b) Section 7.2(b)
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Defined Term Accounts Discount Display Merchandise Estimated Guarantee Amount Events of Default Excluded Defective Merchandise Excluded Goods Expenses FF&E Final Reconciliation Gross Rings Guaranteed Amount Guaranty Percentage Layaway Inventory Lender Agent
Section Reference Section 5.3 Section 5.1 Section 3.3(a) Section 15 Section 5.1 Section 5.1 Section 4.1 Section 5.1(b) Section 3.5(b) Section 3.4 Section 3.1(a) Section 3.1(a) Section 9.3(c) Bank of America, N.A., in its capacity as agent under Merchant's existing credit facility Section 5.1(a) Preamble Section 5.2(a) Section 4.1 Section 3.3(c) Section 8.2 Section 5.3(b) Section 7.1 Section 5.3 Section 3.1(b) Section 9.8 Section 3.2 Section 9.2(c) Section 9.2(c) Section 10.1 Section 3.3(b) Section 10.4 Recitals Section 6.1 Section 9.1 Section 6.1 Section 6.1 Section 9.4 Section 9.5 Section 4.1 Section 10.1 Section 3.5(a)
Merchandise Merchant Merchant Consignment Goods Occupancy Expenses Payment Date Permitted Installation Services Pricing Adjustment Proceeds Retail Price Recovery Amount Refund Remaining Merchandise Reserve Inventory Reserve & Layaway Inventory Retained Employee Retainer Retention Bonus Sale Sale Commencement Date Sale Guidelines Sale Term Sale Termination Date Sales Taxes Supplies Vacation Benefits WARN Act Weekly Sale Reconciliation
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Section 2.
Appointment of Agent.
2.1 Appointment of Agent. Merchant hereby irrevocably appoints Agent, and Agent hereby agrees to serve as Merchant’s exclusive agent for the limited purpose of conducting the Sale and, to the extent designated by Merchant, disposing of Merchant’s owned FF&E, in accordance with the terms and conditions of this Agreement. 2.2 Bankruptcy Court Approval. Merchant’s and Agent’s obligations hereunder are subject to approval of the Bankruptcy Court and shall be of no force and effect in the event that it is not so approved. As soon as practicable after Merchant’s execution of this Agreement, Merchant shall apply to the Bankruptcy Court for an order approving this Agreement in its entirety in form and substance provided by Agent, which order shall be reasonably satisfactory to Merchant (the “Approval Order”). Section 3. 3.1 Guaranteed Amount and Other Payments. Payments to Merchant.
(a) As a guaranty of Agent’s performance hereunder, Agent guarantees to Merchant that the Proceeds of the Sale shall equal or exceed seventy and one half percent (70.5%) (the “Guaranty Percentage”) of the aggregate Cost Value of the Merchandise included in the Sale (the “Guaranteed Amount”) plus an amount sufficient to pay all Expenses. (b) To the extent that Proceeds exceed the sum of (x) the Guaranteed Amount, (y) Expenses of the Sale, and (z) one percent (1.0%) of the aggregate Cost Value of the Merchandise (the “Agent’s Fee”) (the sum of (x), (y) and (z), the “Initial Sharing Threshold”), then Proceeds of the Sale above the Initial Sharing Threshold shall be shared seventy percent (70%) to Merchant and thirty percent (30%) to Agent until Agent has received an aggregate amount (including the Agent’s Fee and its 30% sharing) equal to three percent (3%) of the aggregate Cost Value of the Merchandise (the “Additional Sharing Threshold” and collectively with the “Initial Sharing Threshold”, the “Sharing Thresholds”), and then all remaining Proceeds of the Sale above the Additional Sharing Threshold shall be shared ninety percent (90%) to Merchant and ten percent (10%) to Agent. All amounts, if any, to be received by the Merchant from Proceeds in excess of the Sharing Thresholds shall be referred to as the “Recovery Amount.” The Agent shall pay to the Merchant the Guaranteed Amount, the Recovery Amount, if any, in the manner and at the times specified in Section 3.3 below. The Guaranteed Amount and the Recovery Amount will be calculated based upon the aggregate Cost Value of the Merchandise as determined by the amount of Gross Rings, as adjusted for shrinkage per this Agreement. 3.2 Payments to Agent.
(a) The Agent shall receive as its compensation for services rendered to the Merchant, the Agent’s Fee, plus all remaining Proceeds of the Sale after
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payment of the Guaranteed Amount, Expenses of the Sale, the Recovery Amount, if any, and all other amounts payable to the Merchant from Proceeds hereunder. (b) Subject to Merchant’s rights with respect to the Recovery Amount, all Merchandise remaining, if any, at the Sale Termination Date (the “Remaining Merchandise”) shall become the property of Agent, free and clear of all liens, claims and encumbrances, provided, however, that Agent shall use its best efforts to sell all of the Merchandise during the Sale. Any proceeds received from the sale of any Remaining Merchandise shall be deemed Proceeds under this Agreement. 3.3 Time of Payments.
(a) During each week’s reconciliation as provided for in section 3.5 during the Sale Term, all Proceeds of the Sale shall be deposited into the Designated Merchant Accounts. Proceeds shall be disbursed, on a weekly basis, as follows: (i) first, to Merchant, to reimburse Merchant for Expenses paid by Merchant during the previous week, (ii) second, to Agent, to reimburse Agent for Expenses paid by Agent during the previous week, (iii) third, to Merchant, until the Guaranteed Amount is paid in full, (iv) fourth, to Agent, until the Agent’s Fee is paid in full, (v) fifth, to Merchant, in payment of the Recovery Amount, and (vi) sixth, to Agent, the remainder. All amounts shall be deposited in Designated Merchant Accounts or such other accounts as designated by Lender Agent. (b) No later than two (2) business days after entry of the Approval Order (the “Payment Date”), and to secure payment of the unpaid portion of the Guaranteed Amount and Expenses from Agent to Merchant hereunder, Agent shall deliver to Merchant an irrevocable standby letter of credit, naming Lender Agent as beneficiary, substantially in the form of Exhibit 3.3(b) attached hereto, in the original face amount equal to the $100 million (the “Agent Letter of Credit”). Agent shall use its best efforts to cause the Agent Letter of Credit to be delivered no later than the Payment Date. In the event that Agent shall fail to pay to Merchant, any amount required to be paid hereunder, Lender Agent shall be entitled to draw on the Agent Letter of Credit to fund such amount following five (5) days’ written notice to Agent of the Merchant's intention to do so. The Agent Letter of Credit shall expire no less than sixty days after Sale Termination; provided however; Merchant and Agent agree that after payment of the unpaid portion of the Guaranteed Amount pursuant to Section 3.3(a) the face amount of the Agent Letter of Credit shall be reduced in an amount(s) to be agreed upon by Merchant and Agent, but in any event not less than the sum of any and all amounts then due or to be due and payable from Agent under this Agreement. Unless the parties shall have mutually agreed that they have completed the Final Reconciliation under this Agreement, then, at least thirty (30) days prior to the initial or any subsequent expiry date, Merchant shall receive an amendment to the Agent Letter of Credit solely extending (or further extending, as the case may be) the expiry date by at least sixty (60) days. If Merchant does not receive such amendment to the Agent Letter of Credit no later than thirty (30) days before the expiry date, then all amounts hereunder shall become immediately due and payable and Lender Agent shall be permitted to draw under the
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Agent Letter of Credit and Merchant shall hold the amount drawn under the Agent Letter of Credit as security for amounts that may become due and payable to Merchant hereunder. (c) Merchant agrees that if at any time during the Sale Term Merchant holds any amounts due to Agent as Proceeds hereunder, Agent may, in its discretion, after 5 business days notice to Merchant and Lender Agent, offset such Proceeds being held by Merchant against any amounts due and owing to Merchant pursuant to this Section 3.3 or otherwise under this Agreement. In addition, Merchant and Agent further agree that if at any time during the Sale Term, Agent holds any amounts due to Merchant under this Agreement, Agent may, in its discretion, after 5 business days notice to Merchant and Lender Agent, offset such amounts being held by it against any amounts due and owing by, or required to be paid by, Merchant hereunder. 3.4 Gross Rings. During the Sale Term, Agent and Merchant shall keep a strict count of register receipts and reports to determine the actual Cost Value of the Merchandise sold by SKU. All such records and reports shall be made available to Agent and Merchant during regular business hours upon reasonable notice. Agent shall pay that portion of the Guaranteed Amount calculated on the Gross Rings basis, to account for shrinkage, on the basis of 102% of the aggregate Cost Value of Merchandise sold during the Sale Term. 3.5 Reconciliation
(a) On each Thursday during the Sale Term, commencing on the second Thursday after the Sale Commencement Date, Agent and Merchant shall cooperate to jointly prepare a reconciliation of the weekly Proceeds of the Sale, Expenses and any other Sale related items that either party may reasonably request (the “Weekly Sale Reconciliation”). (b) Within thirty (30) days after the Sale Termination Date, Agent and Merchant shall jointly prepare a final reconciliation of the Sale, including, without limitation, a summary of Proceeds, Expenses, and any other accounting required hereunder (the “Final Reconciliation”) and deliver the same to each other. Within five (5) days of completion of the Final Reconciliation, Agent shall pay to Merchant, or Merchant shall pay to Agent, as the case may be, any and all amounts due the other pursuant to the Final Reconciliation. During the Sale Term, and until all of Agent’s obligations under this Agreement have been satisfied, Merchant and Agent shall have reasonable access to Merchant’s and Agent’s records with respect to Proceeds and Expenses to review and audit such records. (c) In the event that there is a dispute with respect to the Final Reconciliation, such dispute shall be promptly (and in no event later than the third business day following the request by either Merchant or Agent) submitted to the Bankruptcy Court for a determination. Merchant and Agent hereby agree to submit to the jurisdiction of the Bankruptcy Court for such determination.
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Section 4.
Sale Expenses.
4.1 Expenses. Agent shall unconditionally be responsible for all Expenses incurred in conducting the Sale. As used herein, “Expenses” shall mean Storelevel operating expenses of the Sale which arise during the Sale Term (except in the case of (c), (d) and (m) below, which may arise prior to the Sale Commencement Date) at the Closing Locations limited to the following: (a) all payroll (including SPIFS) for Retained Employees for actual days/hours worked in the conduct of the Sale and third party payroll processing fees; amounts payable including FICA, unemployment taxes, worker’s compensation, healthcare insurance benefits, and paid time-off benefits that accrue during the Sale for Retained Employees in an amount not to exceed 19.8% of base payroll for each Retained Employee (the “Benefits Cap”); on-site supervision of the Stores, including base fees and bonuses of Agent’s field personnel, actual costs of temporary employees retained by Agent through third-party agencies during the Sale Term, travel to and from the Stores and incidental out-ofpocket and commercially reasonable travel expenses relating thereto (including reasonable and documented corporate travel to monitor and manage the Sale) advertising and signage expenses (at Merchant’s contract rates, if available); local, leased line, satellite broadband connections and long distance telephone (including network connection charges such as T-1 lines) expenses incurred in the conduct of the Sale and not reflected in 4.1(l); credit card, Telecheck and bank card fees, chargebacks, discounts, bad debt expense, check guarantee fees and any other bank charges relating to store operations; costs of all security services, including, without limitation, security systems, courier and guard
(b)
(c)
(d) (e)
(f)
(g)
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service, building alarm service, alarm services maintenance and armored car expenses; (h) (i) store cash theft and other store cash shortfalls in the registers; a pro-rata portion of Merchant’s property, casualty, general liability and/or other insurance premiums attributable to the Merchandise, which are not reflected in 4.1(l), and the incremental cost of Agent’s insurance necessary to fulfill Agent’s obligations as set forth in Section 12 herein; costs of transfers of Merchandise initiated by Agent between the Stores during the Sale Term, including freight and delivery costs; Retention Bonuses as described in Section 10.4 below; actual Occupancy Expenses for the Stores on a per location and per diem basis in an amount equal to the per Store per diem amount set forth on Exhibit 4.1 hereto; Agent’s actual cost of capital, reasonable attorney’s fees, letter of credit fees, insurance costs and other transaction costs; additional Supplies; the actual cost of delivering Merchandise to customers minus any reimbursement from customers, which reimbursement shall not constitute Proceeds hereunder; the actual cost of installing Merchandise for customers minus any reimbursement from customers, which reimbursement shall not constitute Proceeds hereunder; Central Services Expenses of $10,000 per week during the Sale Term; postage, courier and overnight mail charges to and from or among the Closing Locations and central office to the extent relating to the Sale;
(j)
(k) (l)
(m)
(n) (o)
(p)
(q) (r)
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(t)
housekeeping, cleaning services and snow and trash removal; and
There will be no double payment of Expenses to the extent Expenses appear or are contained in more than one Expense category. Notwithstanding anything herein to the contrary, to the extent that an Expense listed in Section 4.1 is also included on Exhibit 4.1, then Exhibit 4.1 shall control and such Expense shall not be double counted. As used herein, the following terms have the following respective meanings: “Central Service Expenses” means costs and expenses for Merchant’s central administrative services necessary for the Sale, including, but not limited to, MIS services, payroll processing, cash reconciliation, inventory processing and handling, and data processing and reporting. “Excluded Benefits” means, with respect to each Retained Employee, (i) the following benefits arising or accruing prior to the Sale Commencement Date: (v) vacation days or vacation pay, (w) sick days or sick leave or any other form of paid time off, (x) maternity leave or other leaves of absence, termination or severance pay, and (y) ERISA coverage and similar contributions and/or (ii) any benefits in excess of the Benefits Cap, including any payments due under the Worker Adjustment Retraining Notification Act (“WARN Act”). “Occupancy Expenses” means actual base rent, percentage rent, HVAC, utilities, CAM, storage costs, real estate and use taxes, merchant’s association dues and expenses, personal property leases (including, without limitation, point of sale equipment), cash register maintenance, building maintenance, rental for furniture, fixtures and other equipment, and building insurance relating to the Closing Locations limited on a per diem, per Closing Location basis and limited to those amounts and categories as described on Exhibit 4.1 attached hereto. “Expenses” shall not include: (i) Excluded Benefits; (ii) expenses associated with any of Merchant’s distribution centers; (iii) any Occupancy Expenses in excess of the amounts set forth on Exhibit 4.1; (iv) costs of transferring Merchandise from Merchant’s distribution centers to the Stores, and (v) any other costs, expenses, or liabilities arising during the Sale Term in connection with the Sale, other than the Expenses listed above, all of which shall be paid by Merchant promptly when due during the Sale Term. 4.2 Payment of Expenses. All Expenses incurred during each week of the Sale (i.e., Sunday through Saturday) shall be paid by Agent to or on behalf of Merchant immediately following the weekly Sale reconciliation by Merchant and Agent pursuant to Sections 3.3 and 3.5, based upon invoices and other documentation reasonably satisfactory to Agent. 4.3 The Agent shall be unconditionally responsible for the payment of all Expenses whether or not there are sufficient Proceeds collected to pay such Expenses after the payment of the Guaranteed Amount.
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Section 5. 5.1
Merchandise. Merchandise Subject to this Agreement.
(a) For purposes of this Agreement, “Merchandise” shall mean: all finished goods inventory that is owned by Merchant and located at the Closing Locations as of the Sale Commencement Date, including, Display Merchandise, and Defective Merchandise, and all On Order Merchandise. For the avoidance of doubt, Merchandise shall include all Panasonic consignment goods on display in a Closing Location. (b) Notwithstanding the foregoing, “Merchandise” shall not include: (1) goods which belong to sublessees, licensees or concessionaires of Merchant; (2) furnishings, trade fixtures, equipment and improvements to real property that are located in the Closing Locations (collectively, “FF&E”); (3) Return to Vendor (RTV)/to be serviced or repaired merchandise; (4) merchandise subject to Manufacturer’s recall; (5) Bose branded merchandise; (6) Reserve & Layaway Inventory; (7) Department #111 Direct TV Receivers, Department #118 Seating and Department 505 installation software; (8) gift cards and saving cards; (9) Excluded Defective Merchandise; (10) other goods held by Merchant on memo, on consignment (other than Panasonic consignment goods on display in a Closing Location but including closed-box Panasonic consignment goods), or as bailee; and (11) Product Return Center merchandise ((1) though (15), collectively, “Excluded Goods”). As used in this Agreement the following terms have the respective meanings set forth below: “Display Merchandise” means those items of inventory used in the ordinary course of business as displays or floor models, including inventory that has been removed from its original packaging for the purpose of putting such item on display, but not customarily sold or saleable by the Merchant. “Excluded Defective Merchandise” means any item of merchandise that is dented, worn, shopworn, scratched, broken, faded mismatched, damaged, defective, refurbished, incomplete, out of box, mismatched, scratched, discolored, returned, missing power cords or other included components, repaired or suffering from other damages or merchandise affected by other similar defects rendering it otherwise not reasonably suitable or reasonably saleable for its intended purpose. “Defective Merchandise” means any item of merchandise that is dented, worn, scratched, broken, faded, mismatched, or merchandise affected by other similar defects rendering it not first quality, but which is reasonably saleable by Agent for its intended purpose during the Sale Term. Defective Merchandise does not include Display Merchandise. “On Order Merchandise” means goods to be received at the Closing Locations in the ordinary course from Merchant’s vendors on or after the Sale Commencement Date, not to exceed $75 million at Cost Value, which goods shall be
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delivered to the Stores by Merchant at Merchant’s cost but at Agent’s direction no later February 6, 2009. “Distribution Center Merchandise” means those items of inventory currently located at Merchant’s Distribution Centers. Such goods shall be delivered by Merchant at Merchant’s cost but at Agent’s direction to the Stores no later than fourteen days after Agent provides written notice to Merchant of Agent’s desired allocation of such Distribution Center Merchandise (the “Distribution Center Merchandise Receipt Deadline”). 5.2 Sale of Excluded Goods.
(a) Merchant shall retain all responsibility for Excluded Goods. If the Merchant elects, Agent shall accept all or a portion of Excluded Goods, as directed by Merchant, for sale as “Merchant Consignment Goods” at prices established by the Agent, except in the case of prices for Reserve & Layaway Inventory, which shall be established by Merchant. Agent shall retain 20% of the receipts for all sales of Merchant Consignment Goods, and the Merchant shall receive 80% of the receipts in respect of such sales; provided, however, that, notwithstanding anything to the contrary herein, Merchant shall receive 80% of the receipts for all sales of closed-box Panasonic consignment goods. Agent shall receive its share of the receipts of sales of Merchant Consignment Goods on a weekly basis, immediately following the weekly Sale reconciliation by Merchant and Agent pursuant to Section 3.5. Except as expressly provided in this Section 5.2, the Agent shall have no cost, expense or responsibility in connection with any goods not included in Merchandise. (b) Notwithstanding anything to the contrary herein, Agent shall (i) process all Reserve Inventory without compensation and (ii) process all Layaway Inventory with Merchant retaining 90% of the proceeds from the sale of each item of Layaway Inventory and Agent retaining 10% of such proceeds. By no later than January 20, 2009, Merchant agrees to notify all Reserve & Layaway Inventory customers that they must take delivery of all Reserve & Layaway Inventory by no later than January 31, 2009. 5.3 Valuation.
(a) For purposes of this Agreement, except as modified below in Section 5.3(b), “Cost Value” shall mean, with respect to each item of Merchandise, the standard cost (determined by applicable merchant accounting unit for such item of Merchandise as reflected in Merchant’s master cost file as of the Sale Commencement Date) (the "Cost File”). Cost is determined by the average cost method and includes the cost of freight from the vendor to the Merchant’s distribution centers, or in the case of direct shipments, the cost of freight from the vendor to the Merchant’s stores. In the case of import Merchandise, cost includes duties, brokerage fees, drayage, and other associated costs that result in a net landed cost. Also included in the cost of inventory are certain discounts and vendor allowances that are not a reimbursement of specific,
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incremental and identifiable costs to promote vendors’ products. With respect to some, and in certain instances all, items of Merchandise, cost, as reflected in the Cost File, does not account for or include certain volume discounts, advertising co-op allowances, or other discounts, including, without limitation, cash discounts (each a "Discount"); provided. further, that the Cost Value associated with any such item of Merchandise shall not be adjusted on account of any Discount(s). The Cost Value represents the stock ledger cost, which includes a 5% load to protect inventory margin for internal reporting and is reversed on the general ledger. (b) For purposes of this Agreement, Retail Price shall mean, with respect to each item of Merchandise, as of the Sale Commencement Date, the lower of (i) the lowest ticketed, shelf marked, or rebate price, and (ii) the lowest register or file price, except for minimum discretionary prices allowed to sales persons. The marked down Retail Price of open box or display Merchandise will not be applied as the lowest Retail Price for other items of the identical SKU. If Merchant and Agent agree that any item is clearly mismarked, then such mismarked price will not be utilized when determining Retail Price and the actual price will prevail. If the Retail Price of an item of Merchandise is less than the Cost Value of such item of Merchandise as determined under section 5.3(a) and (b), the Cost Value of all such items of Merchandise shall be such Retail Price. (c) Other than Excluded Defective Merchandise, in lieu of any other adjustments to the Cost Value of Merchandise under this Agreement (e.g., adjustments for Defective Merchandise, clearance merchandise, and/or sample merchandise), the aggregate Cost Value of the Merchandise shall be adjusted (i.e., reduced) by means of a single global downward adjustment equal to one percent (1%) of the sum of the aggregate Cost Value of the Merchandise. (d) Items of On-Order Merchandise received at the Stores after February 6, 2009 and Distribution Center Merchandise received at the Stores after the Distribution Center Merchandise Receipt Deadline will be valued at the applicable Cost Value (determined consistently with Section 5.3(a) and (b) above) for each such item multiplied by the inverse of the prevailing discount on similar items of Merchandise as of the date of receipt in the Stores. Section 6. Sale Term.
6.1 Term. The Sale shall commence at the Closing Locations on January 17, 2009 (the “Sale Commencement Date”). Agent shall complete the Sale at the Closing Locations, and shall vacate all of the Closing Location premises on or before March 31, 2009 (the “Sale Termination Date”) unless the Sale and the Sale Termination Date are extended by mutual agreement of Agent and Merchant following a commensurate extension of the expiry date of the Agent Letter of Credit, provided that Agent may terminate the Sale at any Closing Location upon ten (10) days’ written notice to Merchant. The period for the Sale Commencement Date to the Sale Termination Date shall be referred to herein as the “Sale Term.”
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6.2 Vacating the Closing Locations. On the Sale Termination Date, Agent shall leave the Closing Locations in “broom clean” condition (ordinary wear and tear excepted). Agent shall vacate the Closing Locations on or before the Sale Termination Date, as provided for herein, at which time Agent shall surrender and deliver the Closing Location premises and Closing Location keys to Merchant. Agent’s obligations to pay all Expenses, including Occupancy Expenses, for each Closing Location shall continue until the Sale Termination Date for each such Closing Location. All assets of Merchant used by Agent in the conduct of the Sale (e.g. FF&E, supplies, etc.) shall be returned by Agent to Merchant or left at the Closing Locations premises at the end of the Sale Term to the extent the same have not been used in the conduct of the Sale or have not been otherwise disposed of through no fault of Agent; provided, however, Agent shall remove all unsold Merchandise at the end of the Sale Term at each of the Closing Locations. Agent shall be responsible for all Occupancy Expenses (irrespective of any per diem cap on Occupancy Expenses) for a Closing Location for which Merchant is or becomes obligated resulting from Agent’s failure to vacate such Closing Location in a timely manner. Section 7. Sale Proceeds.
7.1 Proceeds. For purposes of this Agreement, “Proceeds” shall mean the aggregate of: (a) the total amount (in U.S. dollars) of all sales of Merchandise made under this Agreement, exclusive of Sales Taxes, and (b) any proceeds of Merchant’s insurance for loss or damage to Merchandise or loss of cash arising from events occurring during the Sale Term. 7.2 Deposit of Proceeds. During the Sale Term, all Proceeds of the Sale (including credit card Proceeds), shall be deposited on a daily basis into Merchant’s existing accounts designated for the designated Closing Locations, but also are segregated and designated solely for the deposit of Proceeds of the Sale (including credit card Proceeds), and the disbursement of amounts payable by Agent hereunder (the “Designated Merchant Accounts”). The provisions of sections 7.1 and 7.2 shall be subject to reasonable agreement with the Lender Agent as to the segregation and operation of such accounts. 7.3 Credit Card Proceeds. Agent shall have the right (but not the obligation) to use Merchant’s credit card facilities (including Merchant’s credit card terminals and processor(s), credit card processor coding, Merchant identification number(s) and existing bank accounts) for credit card Proceeds. Merchant shall process credit card transactions on behalf of Agent, applying customary practices and procedures. Without limiting the foregoing, Merchant shall cooperate with Agent to down-load data from all credit card terminals each day during the Sale Term and to effect settlement with Merchant’s credit card processor(s), and shall take such other actions necessary to process credit card transactions on behalf of Agent under Merchant’s Merchant identification number(s). All credit card Proceeds will constitute the property of Agent and shall be deposited into the Designated Merchant Accounts. Merchant shall not be responsible for and Agent shall pay as an Expense hereunder, all credit card fees,
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charges, and chargebacks related to the Sale, whether received during or after the Sale Term. 7.4 Petty Cash. In addition to the Guaranteed Amount, Agent shall purchase all cash in the Stores on and, subject to Agent’s count and verification (which shall occur by no later than the first Weekly Reconciliation, shall reimburse Merchant on a dollar for dollar basis therefor. Section 8. Sale of Warranties and Installation Services
8.1 Subject to Merchant's approval, Agent shall be provided the right to sell warranties during the Sale at full retail price. The sale of warranties shall not be included in the calculation of Proceeds; however, profits from the sale of warranties shall be shared. Merchant shall retain or Agent shall remit (if deposited in Agent account) sufficient payment to cover cost of service and related commissions after which payment will be shared 90% to Merchant and 10% to Agent. 8.2 In all Closing Locations, Agent shall have the right to sell (i) home theater installation services, and (ii) car mobile entertainment installation services during the Sale Term ((i)-(ii) collectively, the “Permitted Installation Services”). The sale of all Permitted Installation Services shall be at full Retail Price. The sale of Permitted Installation Services shall not be included in the calculation of Proceeds, however, profits from the sale of Permitted Installation Services shall be shared. All Permitted Installation Services sales shall be discontinued no later than ten (10) days prior to the closing date for such Closing Location and all work required to complete the Permitted Installation Services shall be completed no later than five (5) days prior to the closing date for such Closing Location. Merchant shall retain or Agent shall wire to Merchant (if deposited in Agent’s accounts) sufficient funds to cover the cost of the Permitted Installation Services, after which all remaining funds generated from the Permitted Installation Services shall be shared 90% to Merchant and 10% to Agent. Section 9. Conduct of the Sale.
9.1 Rights of Agent. Agent shall be permitted and hereby is authorized to conduct, advertise, post signs and otherwise promote the Sale consistent with the Sale Guidelines. In addition to any other rights granted to Agent hereunder, in conducting the Sale, Agent, in the exercise of its sole discretion, shall have the right, limited only by the Sale Guidelines: (a) to advertise, post signs, and otherwise promote, including the use of banners, signwalkers, and a-frame signs, the Sale as a “going out of business”, "store closing", "sale on everything", "everything must go", or similar themed sale, all in accordance with the Sale Guidelines; (b) to establish and implement advertising and promotion programs consistent with the Sale themes set forth above;
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(c) to establish Closing Location hours which are consistent with the terms of applicable leases; (d) to use without charge during the Sale Term all FF&E, advertising materials, computer hardware and software, existing supplies located at the Closing Locations, intangible assets (including Merchant’s name, logo and tax identification numbers), Closing Location keys, case keys, security codes, and safe and lock combinations required to gain access to and operate the Closing Locations, and any other assets of Merchant located at the Closing Locations (whether owned, leased, or licensed); (e) to use, subject to Section 4.1(q), Merchant’s central office facilities, central administrative services and personnel to process payroll, perform MIS and provide other central office services necessary for the Sale; provided, however, that in the event that Agent expressly requests Merchant to provide services other than those normally provided to the Closing Locations and relating to the sale, Agent shall be responsible for the actual incremental cost of such services as an Expense of the Sale; and (f) to transfer Merchandise between and among the Closing Locations, the costs of which shall be paid by Agent as an Expense of the Sale. 9.2 Terms of Sales to Customers.
(a) Final/As is Sales. All sales of Merchandise will be “final sales” and “as is”, and all advertisements and sales receipts will reflect the same. Agent shall not warrant the Merchandise in any manner, but will, to the extent legally permissible, pass on all manufacturers’ warranties and, to the extent purchased, all warranties to customers. All sales will be made only for cash and nationally recognized bank credit cards. (b) Gift Certificates and Rebates. As directed by Merchant, Agent will accept Merchant’s gift certificates, gift cards, and rebates issued by Merchant prior to the Sale Commencement Date, provided that Agent shall be reimbursed by Merchant in connection with the Weekly Sale Reconciliation contemplated under Section 3.5 hereof on a dollar for dollar basis for any such gift certificates, gift cards and rebates honored by Agent. Notwithstanding anything herein to the contrary, Agent shall not be permitted to sell any Merchant or third party gift cards. (c) Future Delivery Program. Agent will honor (i) special order and other inventory items for which the customer remitted payment in full to Merchant prior to the Sale Commencement Date, but for which the customer has not taken delivery or possession of such item ("Reserve Inventory") and (ii) inventory items for which the customer has not remitted payment in full to Merchant prior to the Sale Commencement Date and, as a result, has not taken delivery or possession of such item ("Layaway Inventory", and together with Reserve Inventory, "Reserve & Layaway Inventory").
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9.3 Sales Taxes. During the Sale Term, all sales, excise, gross receipts and other taxes attributable to sales of Merchandise as indicated on Merchant’s point of sale equipment (other than taxes on income) payable to any taxing authority having jurisdiction (collectively, “Sales Taxes”) shall be added to the sales price of Merchandise and collected by Agent, on Merchant’s behalf, and deposited into Merchant’s existing accounts, trust accounts or other accounts, as designated by Merchant; provided, further, that to the extent the Merchandise is sold on a tax-exempt basis, e.g., sold on a wholesale basis, Agent shall complete all applicable forms, including, without limitation, resale certificates, and provide all completed forms to Merchant in connection with the Final Reconciliation. Provided that Agent has collected all Sales Taxes during the Sale and remitted the proceeds thereof to Merchant, Merchant shall promptly pay all Sales Taxes and file all applicable reports and documents required by the applicable taxing authorities. Merchant will be given access to the computation of gross receipts for verification of all such Sales Tax collections. If Agent fails to perform its responsibilities in accordance with this Section 9.3, and provided Merchant complies with its obligations in accordance with this Section 9.3, Agent shall indemnify and hold harmless Merchant from and against any and all costs including, but not limited to, reasonable attorneys’ fees, assessments, fines or penalties which Merchant sustains or incurs as a result or consequence of the failure by Agent to collect Sales Taxes and/or, to the extent Agent is required hereunder to prepare reports and other documents, the failure by Agent to promptly deliver any and all reports and other documents required to enable Merchant to file any requisite returns with such taxing authorities. 9.4 Tax Consequences. Without limiting the generality of Section 9.3 hereof, it is hereby understood and agreed for all tax purposes that because Agent is conducting the Sale solely as agent for the Merchant, all payments contemplated by and among the parties to this Agreement (including the payment by the Agent of the Guaranteed Amount) do not represent the sale of tangible personal property and, accordingly, are not subject to the Sales Taxes. 9.5 Supplies. Agent shall have the right to use all existing supplies (e.g. boxes, bags, twine) located at the Closing Locations at no charge to Agent. In the event that additional supplies are required in any of the Closing Locations during the Sale, Merchant agrees to promptly provide the same to Agent. Supplies have not been since December 1, 2008 and shall not be prior to the Sale Commencement Date, transferred by Merchant to or from the Closing Locations so as to alter the mix or quantity of supplies at the Closing Locations from that existing on such date, other than in the ordinary course of business. 9.6 Returns of Merchandise. Agent is directed to accept all returns at all Closing Stores in accordance with Merchant's return policies in effect on the Sale Commencement Date for fourteen (14) days following the Sale Commencement Date. Any returned merchandise that is saleable as first-quality merchandise shall be included in Merchandise and returned to the sales floor. For purposes of the calculation of the Guaranteed Amount the Merchandise shall be valued at the Cost Value applicable to such item. The aggregate Cost Value of the Merchandise shall be increased by the Cost Value
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multiplied by the inverse of the prevailing discount for that particular category at the time of the return of any returned Merchandise included in Merchandise, and the Guaranteed Amount shall be adjusted accordingly. Any increases in payment on account of the Guaranteed Amount as a result of returned Merchandise shall be paid by Agent pursuant to Section 3.3 hereof. Notwithstanding anything to the contrary in applicable return policies, Agent shall not accept returns of merchandise where the customer contemplates repurchasing the same item so as to take advantage of the sale price being offered by Agent. 9.7 Refunds. If required by Merchant's return policies in effect on the Sale Commencement Date, for fourteen (14) days following the Sale Commencement Date, Agent shall reimburse customers for returned merchandise in the same tender as such item was purchased (the "Refund"). Merchant shall promptly reimburse Agent in cash for any Refunds Agent is required to issue to customers in respect of any returned Merchandise as part of the Weekly Sale Reconciliation. Any returned merchandise not included in Merchandise shall be disposed of by Agent in accordance with instructions received from Merchant or, in the absence of such instructions, returned to Merchant at the end of the Sale Term. Merchant and Agent shall jointly track returns of merchandise for purposes of determining any increase or decrease to the Guaranteed Amount, or any amounts owed by Merchant to Agent as a result of Agent accepting such returns or issuing Refunds. 9.8 Force Majeure. If any casualty or act of God or act of terrorism prevents or substantially inhibits the conduct of business in the ordinary course at any Closing Location, then such Closing Location and the remaining Merchandise located at such Closing Location shall be eliminated from the Sale and considered to be deleted from this Agreement as of the date of such event, and Agent and Merchant shall have no further rights or obligations hereunder with respect thereto; provided, however, that (I) the proceeds of any insurance attributable to such Merchandise or business interruption shall constitute Proceeds hereunder, and (ii) the Guaranteed Amount shall be reduced to account for any Merchandise eliminated from the Sale that is not the subject of insurance proceeds. Section 10. Employee Matters.
10.1 Merchant’s Employees. Agent may use Merchant’s employees in the conduct of the Sale to the extent Agent in its sole discretion deems expedient, and Agent may select and schedule the number and type of Merchant’s employees required for the Sale. Agent shall identify any such employees to be used in connection with the Sale (each such employee, a “Retained Employee”) prior to the Sale Commencement Date. Retained Employees shall at all times remain employees of Merchant, and shall not be considered or deemed to be employees of Agent. Merchant and Agent agree that nothing contained in this Agreement and none of Agent’s actions taken in respect of the Sale shall be deemed to constitute an assumption by Agent of any of Merchant’s obligations relating to any of Merchant’s employees including, without limitation, payroll, benefits, Worker Adjustment Retraining Notification Act (“WARN Act”) claims
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and other termination type claims and obligations, or any other amounts required to be paid by statute or law; nor shall Agent become liable under any collective bargaining or employment agreement or be deemed a joint or successor employer with respect to such employees; provided, however, that nothing herein shall affect Agent's obligations to pay the Expenses of the Sale Merchant shall not, without Agent’s prior written consent, raise the salary or wages or increase the benefits for, or pay any bonuses or make any other extraordinary payments to, any of its employees in anticipation of the Sale or prior to the Sale Termination Date. Merchant has not terminated and shall not during the Sale Term terminate any employee benefits or benefit programs. 10.2 Termination of Employees. Agent may in its discretion stop using any Retained Employee at any time during the Sale. In the event that Agent determines to stop using any Retained Employee, Agent will notify Merchant at least seven (7) days prior thereto, except for termination “for cause” (such as dishonesty, fraud or breach of employee duties), in which event no prior notice to Merchant shall be required, provided Agent shall notify Merchant as soon as practicable after such event. From and after [_], 2009, and until the Sale Termination Date, Merchant shall not transfer or dismiss employees of the Closing Locations except “for cause” without Agent’s prior consent. 10.3 Payroll Matters. During the Sale Term, Merchant shall process and pay the base payroll and all related payroll taxes, worker’s compensation and benefits for all Retained Employees, and any additional hires (including temporary hires), in accordance with its usual and customary procedures. Agent’s own employees, independent contractors and temporary employees retained by Agent through third party agencies will not be deemed Retained Employees at any time during the Sale. Notwithstanding anything in this Agreement to the contrary, to the extent the Proceeds are insufficient, Agent shall fund, in advance, all payroll and related expenses for Retained Employees at least two (2) business days prior to the date that such payments are due by the Merchant. 10.4 Employee Retention Bonuses. Agent shall have the right to elect to pay, as an Expense, retention bonuses (each a “Retention Bonus”) (which bonuses shall be inclusive of payroll taxes but as to which no benefits shall be payable), up to a maximum of 10% of base payroll, to certain Retained Employees who do not voluntarily leave employment and are not terminated “for cause”. Subject only to limitation of 10% of base payroll, the actual amount to be paid to each such Retained Employee shall be in an amount to be determined by Agent, and shall be payable within thirty (30) days after the Sale Termination Date, and shall be processed through Merchant’s payroll system. Agent shall provide Merchant with a copy of Agent’s Retention Bonus plan within two (2) business days after the Sale Commencement Date. Section 11. Conditions Precedent. The willingness of Agent and Merchant to enter into the transactions contemplated under this Agreement are directly conditioned upon the satisfaction of the following conditions at the time or during the time periods indicated, unless specifically waived in writing by the applicable party:
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(a) All representations and warranties of Merchant and Agent hereunder shall be true and correct in all material respects and no Event of Default (as defined herein) shall have occurred at and as of the date hereof and as of the Sale Commencement Date. (b) Merchant shall have provided Agent reasonable access to all pricing and cost files, and all other documents relative to the price, mix and quantities of inventory located at the Closing Locations. (c) Merchant shall have obtained the Approval Order on or before January 16, 2009, and the Approval Order shall not have been stayed nor shall an application for a stay of the Approval Order be pending. Section 12. Representations and Warranties.
12.1 Merchant’s Representations, Warranties Covenant, and Agreements. Merchant hereby represents, warrants, covenants, and agrees in favor of Agent as follows: (a) Merchant: (i) is a entity duly organized, validly existing and in good standing under the laws of the state of its organization stated above; (ii) has all requisite power and authority to own, lease and operate its assets and properties and to carry on its business as presently conducted; and (iii) is and during the Sale Term will continue to be duly authorized to do business and in good standing in each jurisdiction where the nature of its business or properties requires such qualification, including the jurisdiction in which the Closing Locations are located. (b) Subject to Bankruptcy Court approval, Merchant has the right, power and authority to execute and deliver this Agreement and each other document and agreement contemplated hereby (collectively, together with this Agreement, the “Agency Documents”) and to perform fully its obligations thereunder. Merchant has taken all necessary actions required to authorize the execution, delivery and performance of the Agency Documents, and no further consent or approval is required for Merchant to enter into and deliver the Agency Documents, to perform its obligations thereunder, and to consummate the Sale. Each of the Agency Documents has been duly executed and delivered by Merchant and constitutes the legal, valid and binding obligation of Merchant enforceable in accordance with its terms. No court order or decree of any federal, state or local governmental authority or regulatory body is in effect that would prevent or impair, or is required for Merchant’s consummation of, the transactions contemplated by this Agreement, and no consent of any third party which has not been obtained is required therefor. No contract or other agreement to which Merchant is a party or by which Merchant is otherwise bound will prevent or impair the Agent conducting the Sale or any other transactions contemplated by this Agreement, except to the extent the Agent conducts the Sale contrary to the provisions of any governing Closing Location lease.
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(c) Merchant owns and will own at all times during the Sale Term, good and marketable title to all of the Merchandise (other than consigned Merchandise). (d) Merchant has and will maintain its pricing files and the Cost File in the ordinary course of business, and prices charged to the public for goods (whether in-Closing Location, by advertisement or otherwise) are the same in all material respects as set forth in such pricing files for the periods indicated therein. All pricing files and records requested by Agent relative to the Merchandise have been and will continue to be made available to Agent. All pricing files and records are and shall continue to be true and accurate in all material respects as to the actual Cost Value of the Merchandise. Merchant’s price files reflect hard markdowns taken by Merchant on items of Merchandise but do not reflect point-of-sale or other temporary promotional activity. (e) Merchant shall ticket or mark all items of inventory received at the Closing Locations prior to and after the Sale Commencement Date in a manner consistent with similar inventory located at the Closing Locations and in accordance with Merchant’s historic practices and policies relative to pricing and marking inventory. Merchant has taken hard markdowns consistent with the margins represented in the due diligence materials provided by Merchant to Agent. (f) Merchant covenants to continue to operate the Closing Locations in the ordinary course of business until the Sale Commencement Date, in that (i) Merchant shall continue selling inventory during such period at customary prices, (ii) Merchant shall not promote or advertise any sales or in-store promotions (including POS promotions) to the public except for Merchant’s historic and customary promotions for all of its locations, (iii) Merchant shall not return inventory to vendors and, shall not transfer Merchandise or Supplies between or among Closing Locations, except for receipt of goods in the ordinary course of business from Merchant’s vendor’s; provided, however, Merchant does not represent that the replenishment of merchandise in the Closing Locations through the Sale Commencement Date will be at the same levels as with historical practices; (iv) Merchant shall not make any management personnel moves or changes at the Closing Locations without Agent’s prior consent (which consent will not be unreasonably withheld), (v) Merchant shall continue to handle Return to Vendor, to be repaired and damaged merchandise in the ordinary course, (vi) Merchant will continue to replenish inventory in the ordinary course of Merchant’s business through the Sale Commencement Date, and (vi) Merchant will not transfer from its designated locations in its distribution centers any Defective Merchandise, RTV merchandise, or to be repaired or serviced merchandise. Except as previously disclosed to Agent or provided for herein, Merchant has not and shall not purchase or transfer to or from the Closing Locations any inventory outside the ordinary course in anticipation of the Sale and shall not transfer to any of the Closing Locations any inventory that was part of the prior liquidation sale held at approximately 155 stores. (g) No action, arbitration, suit, notice, or legal, administrative or other proceeding before any court or governmental body has been instituted by or
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against Merchant, or has been settled or resolved, or to Merchant’s knowledge, is threatened against or affects Merchant, relative to Merchant’s business or properties and that questions the validity of this Agreement or that, if adversely determined, would adversely affect the conduct of the Sale. (h) To the best of Merchant’s knowledge, all Merchandise is in compliance with all applicable federal, state, or local product safety laws, rules and standards. Merchant shall provide Agent with its historic policies and practices regarding product recalls prior to the Sale Commencement Date. (i) No event of default or event which with the giving of notice, the passage of time, or both has occurred on the part of Merchant under any Closing Location lease, reciprocal easement agreement or similar agreement relating to the occupancy of the Closing Locations (other than as a result of the filing of Merchant’s bankruptcy petition). Throughout the Sale Term, Agent shall have the right to the uninterrupted use and occupancy of, and peaceful and quiet possession of the Closing Locations, the assets currently located at the Closing Locations, and the services provided at the Closing Locations. Merchant shall throughout the Sale Term maintain in good working order, condition and repair, at its sole expense (except to the extent such amounts are included in Occupancy Expenses), all cash registers, heating systems, air conditioning systems, elevators, escalators, Closing Location alarm systems, and all other mechanical devices used in the ordinary course of operation of the Closing Locations. (j) Merchant has paid and will continue to pay throughout the Sale Term, (i) all self-insured or Merchant funded employee benefit programs for employees, including health and medical benefits and insurance and all proper claims made or to be made in accordance with such programs, (ii) all casualty, liability, workers’ compensation and other insurance premiums, (iii) all utilities provided to the Closing Locations, and (iv) all applicable taxes. (k) Merchant has not and shall not throughout the Sale Term take any actions the result of which is to increase the cost of operating the Sale, including, without limitation, increasing salaries or other amounts payable to employees. (l) The Guaranteed Percentage has been fixed based upon the aggregate Cost Value of the Merchandise (not including any On-Order Merchandise) not being less than $1.150 billion (the “Merchandise Threshold”) and no more than $1.300 billion (the “Merchandise Ceiling”). To the extent that the aggregate Cost Value of the Merchandise (not including any On-Order Merchandise) included in the Sale is less than the Merchandise Threshold, or more than the Merchandise Ceiling, the Guaranty Percentage shall be adjusted in accordance with Exhibit 12.1(1) annexed hereto. (m) As of the Sale Commencement Date, the aggregate Cost Value of the Merchandise divided by the aggregate Retail Price of the Merchandise (the “Cost Factor”) shall be no greater than 64.9%. In the event the Cost Factor is greater than 64.9%, the Cost Value shall be adjusted as set forth on Exhibit 12.1(m) hereto.
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Merchant shall transfer the Distribution Center Merchandise at Merchant’s cost and expense to the Stores as directed by Agent.
(n)
12.2 Agent’s Representations and Warranties. Agent hereby represents, warrants and covenants in favor of Merchant as follows: (a) Each member of Agent: (i) is validly existing and in good standing under the laws of the state of its organization; (ii) has all requisite power and authority to consummate the transactions contemplated hereby; and (iii) is and during the Sale Term will continue to be, duly authorized and qualified to do business and in good standing in each jurisdiction where the nature of its business or properties requires such qualification. (b) Agent has the right, power and authority to execute and deliver each of the Agency Documents to which it is a party and to perform fully its obligations thereunder. Agent has taken all necessary actions required to authorize the execution, delivery, and performance of the Agency Documents, and no further consent or approval is required on the part of Agent for Agent to enter into and deliver the Agency Documents and to perform its obligations thereunder. Each of the Agency Documents has been duly executed and delivered by Agent and constitutes the legal, valid and binding obligation of Agent enforceable in accordance with its terms. No court order or decree of any federal, state or local governmental authority or regulatory body is in effect that would prevent or impair or is required for Agent’s consummation of the transactions contemplated by this Agreement, and no consent of any third party which has not been obtained is required therefor. No contract or other agreement to which Agent is a party or by which Agent is otherwise bound will prevent or impair the consummation of the transactions contemplated by this Agreement. (c) No action, arbitration, suit, notice, or legal administrative or other proceeding before any court or governmental body has been instituted by or against Agent, or has been settled or resolved, or to Agent’s knowledge, has been threatened against or affects Agent, which questions the validity of this Agreement or any action taken or to be taken by Agent in connection with this Agreement, or which if adversely determined, would have a material adverse effect upon Agent’s ability to perform its obligations under this Agreement. (d) Agent will facilitate for Merchant the delivery of customer owned merchandise while the delivery hubs and distribution centers are still open at Merchant’s cost and expense. Section 13. Insurance.
13.1 Merchant’s Liability Insurance. Merchant shall continue at its cost and expense (subject to payment of the Expenses by Agent) until the Sale Termination Date, in such amounts as it currently has in effect, all of its liability insurance policies including, but not limited to, products liability, comprehensive public liability, auto liability and umbrella liability insurance, covering injuries to persons and property in, or
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in connection with Merchant’s operation of the Closing Locations, and shall cause Agent to be named an additional named insured with respect to all such policies. Prior to the Sale Commencement Date, Merchant shall deliver to Agent certificates evidencing such insurance setting forth the duration thereof and naming Agent as an additional named insured, in form reasonably satisfactory to Agent. All such policies shall require at least thirty (30) days’ prior notice to Agent of cancellation, non-renewal or material change. In the event of a claim under any such policies, Merchant shall be responsible for the payment of all deductibles, retention’s or self-insured amounts thereunder, unless it is determined that liability arose by reason of the wrongful acts or omissions or negligence of Agent, or Agent’s employees, independent contractors or agents (other than Merchant’s employees). 13.2 Merchant’s Casualty Insurance. Merchant will provide throughout the Sale Term at its expense (subject to payment of the Expenses by Agent) fire, flood, theft and extended coverage casualty insurance consistent with Merchant's customary practices prior to the Sale Commencement Date. In the event of a loss to the Merchandise on or after the Sale Commencement Date, the proceeds of such insurance attributable to the Merchandise plus any self insurance amounts and the amount of any deductible (which amounts shall be paid by Merchant), shall constitute Proceeds hereunder and shall be paid to Agent. Prior to the Sale Commencement Date, Merchant shall deliver to Agent certificates evidencing such insurance setting forth the duration thereof, in form and substance reasonably satisfactory to Agent. All such policies shall require at least thirty (30) days prior notice to Agent of cancellation, non-renewal or material change. Merchant shall not make any change in the amount of any deductibles or self-insurance amounts prior to the Sale Termination Date without Agent’s prior written consent. 13.3 Worker’s Compensation Insurance. Merchant shall at all times during the Sale Term, at its cost (but subject to payment of the Expenses by Agent), maintain in full force and effect worker’s compensation insurance (including employer liability insurance) covering all Retained Employees in compliance with all statutory requirements. Prior to the Sale Commencement Date, Merchant shall deliver to Agent a certificate of its insurance broker or carrier evidencing such insurance. 13.4 Agent’s Insurance. Agent shall maintain, at Agent's cost and expense throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability and automobile liability insurance policies covering injuries to persons and property in or in connection with Agent’s agency at the Closing Locations, and shall cause Merchant to be named an additional insured with respect to such policies. Prior to the Sale Commencement Date, Agent shall deliver to Merchant certificates evidencing such insurance policies, setting forth the duration thereof and naming Merchant as an additional insured, in form and substance reasonable satisfactory to Merchant. In the event of a claim under such policies, Agent shall be responsible for the payment of all deductibles, retentions or self-insured amounts thereunder, to the extent said claim arises from or relates to the alleged acts or omissions of Agent or Agent’s employees, agents or independent contractors).
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13.5 Risk of Loss. Without limiting any other provision of this Agreement, Merchant acknowledges that Agent is conducting the Sale on behalf of Merchant solely in the capacity of an agent, and that in such capacity (i) Agent shall not be deemed to be in possession or control of the Closing Locations or the assets located therein or associated therewith, or of Merchant’s employees located at the Closing Locations, and (ii) except as expressly provided in this Agreement, Agent does not assume any of Merchant’s obligations or liabilities with respect to any of the foregoing. Merchant and Agent agree that Merchant shall bear all responsibility for liability claims of customers, employees and other persons arising from events occurring at the Closing Locations during and after the Sale Term, except to the extent any such claim arises directly from the acts or omissions of Agent, or its supervisors or employees located at the Closing Locations (an “Agent Claim”). In the event of any such liability claim other than an Agent Claim, Merchant shall administer such claim and shall present such claim to Merchant’s liability insurance carrier in accordance with Merchant’s historic policies and procedures, and shall provide a copy of the initial documentation relating to such claim to Agent. To the extent that Merchant and Agent agree that a claim constitutes an Agent Claim, Agent shall administer such claim and shall present such claim to its liability insurance carrier, and shall provide a copy of the initial documentation relating to such claim to Merchant. In the event that Merchant and Agent cannot agree whether a claim constitutes an Agent Claim, each party shall present the claim to its own liability insurance carrier, and a copy of the initial claim documentation shall be delivered to the other party. Section 14. Indemnification.
14.1 Merchant Indemnification. Merchant shall indemnify and hold Agent and its officers, directors, employees, agents and independent contractors (collectively, “Agent Indemnified Parties”) harmless from and against all claims, demands, penalties, losses, liability or damage, including, without limitation, reasonable attorneys’ fees and expenses, directly or indirectly asserted against, resulting from, or related to: (a) Merchant’s material breach of or failure to comply with any of its agreements, covenants, representations or warranties contained in any Agency Document; (b) any failure of Merchant to pay to its employees any wages, salaries or benefits due to such employees during the Sale Term; (c) subject to Agent’s compliance with its obligations under Section 9.4 hereof, any failure by Merchant to pay any Sales Taxes to the proper taxing authorities or to properly file with any taxing authorities any reports or documents required by applicable law to be filed in respect thereof; (d) to Merchandise; any consumer warranty or products liability claims relating
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(e) any liability or other claims asserted by customers, any of Merchant’s employees, or any other person against any Agent Indemnified Party (including, without limitation, claims by employees arising under collective bargaining agreements, worker’s compensation or under the WARN Act), except for Agent Claims; and (f) the negligence or willful misconduct of Merchant or any of its officers, directors, employees, agents or representatives. 14.2 Agent Indemnification. Agent shall indemnify and hold Merchant and its officers, directors, employees, agents and representatives harmless from and against all claims, demands, penalties, losses, liability or damage, including, without limitation, reasonable attorneys’ fees and expenses, directly or indirectly asserted against, resulting from, or related to: (a) Agent’s material breach of or failure to comply with any of its agreements, covenants, representations or warranties contained in any Agency Document; (b) any harassment or any other unlawful, tortious or otherwise actionable treatment of any employees or agents of Merchant by Agent or any of its representatives; (c) any claims by any party engaged by Agent as an employee or independent contractor arising out of such employment; (d) any Agent Claims;
(e) any breach of or default under any and all applicable Closing Location leases arising or resulting from or related Agent's conduct of the Sale which is not in accordance with this Agreement or the Sale Guidelines at any and all Closing Locations; and (f) the negligence or willful misconduct of Agent or any of its officer, directors, employees, agents or representatives. Section 15. hereunder: Defaults. The following shall constitute “Events of Default”
(a) Merchant’s or Agent’s failure to perform any of their respective material obligations hereunder, which failure shall continue uncured seven (7) days after receipt of written notice thereof to the defaulting party; or (b) Any representation or warranty made by Merchant or Agent proves untrue in any material respect as of the date made and throughout the Sale Term; or
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(c) The Sale is terminated or materially interrupted or impaired at the Closing Locations for any reason other than (i) an Event of Default by Agent, or (ii) any other material breach or action by Agent not authorized hereunder. In the event of an Event of Default, the non-defaulting party may, in its discretion, elect to terminate this Agreement upon seven (7) business days’ written notice to the other party. Section 16. Fixtures. If a request to sell all or a portion of the owned FF&E is made within three weeks of the Sale Commencement Date, Agent shall use its best efforts to sell Merchant’s owned FF&E. Agent shall be entitled to twenty percent (20%) of the net proceeds from the sale of the FF&E; provided however, Merchant may elect to receive, in lieu of net proceeds and Agent’s commission, a lump sum payment, on a per Store basis, in an amount to be determined between Merchant and Agent. Agent shall have the right to abandon any unsold FF&E upon termination of the Sale. Section 17. Merchant’s Right to Monitor. Merchant shall have the right to monitor the Sale and activities attendant thereto and to be present in the Stores during the hours when the Stores are open for business, provided that Merchant’s presence does not unreasonably disrupt the conduct of the Sale. Merchant shall also have a right of access to the Stores at any time in the event of an emergency situation, and shall promptly notify Agent of such emergency. Section 18. Reporting. If requested, Agent shall furnish Merchant with reports no more regularly than weekly. Such reports shall reflect the progress of the Sale, including, without limitation, the Proceeds received to date, and such other information regarding the Sale as Merchant reasonably requests. Agent shall maintain and provide to Merchant sales records to permit calculation of and compliance with any percentage rent obligations under Closing Location leases. Section 19. Miscellaneous.
19.1 Notices. All notices and communications provided for pursuant to this Agreement shall be in writing, and sent by hand, by facsimile, or a recognized overnight delivery service, as follows: If to Agent: Mark P. Naughton Great American Group, LLC Nine Parkway North, Suite 300 Deerfield, IL 60015 Phone: (847) 444-1400 Fax: (847) 444-1401 Circuit City Stores, Inc. 9950 Mayland Drive Richmond, Virginia 23233 Attn: Reggie Hedgebeth
25
GAG January 15, 2009
If to Merchant:
Deborah Miller Phone: (804) 486-4000 Fax: (804) 486-4877 With copies to: Skadden, Arps, Slate, Meagher & Flom LLP One Rodney Square P.O. Box 636 Wilmington, DE 19899 Attn.: Gregg M. Galardi Ian S. Fredericks Phone: (302) 651-3000 Fax: (302) 651-3001
19.2 Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Virginia without regard to conflicts of laws principles thereof. 19.3 Entire Agreement. This Agreement contains the entire agreement between the parties hereto with respect to the transactions contemplated hereby and supersedes and cancels all prior agreements, including, but not limited to, all proposals, letters of intent or representations, written or oral, with respect thereto. 19.4 Amendments. This Agreement may not be modified except in a written instrument executed by each of the parties hereto along with the written consent of the Lender Agent, which consent shall not be unreasonably withheld or delayed. 19.5 No Waiver. No consent or waiver by any party, express or implied, to or of any breach or default by the other in the performance of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such other party of the same or any other obligation of such party. Failure on the part of any party to complain of any act or failure to act by the other party or to declare the other party in default, irrespective of how long such failure continues, shall not constitute a waiver by such party of its rights hereunder. 19.6 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon Agent and Merchant, and their respective successors and assigns. The parties hereto acknowledge that Lender Agent is a third party beneficiary of the Agreement. 19.7 Execution in Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original and all of which together shall constitute but one agreement. This Agreement may be executed by facsimile, and such facsimile signature shall be treated as an original signature hereunder. 19.8 Section Headings. The headings of sections of this Agreement are inserted for convenience only and shall not be considered for the purpose of determining the meaning or legal effect of any provisions hereof.
26
GAG January 15, 2009
19.9 Survival. All representations, warranties, covenants and agreements made by the parties hereto shall be continuing, shall be considered to have been relied upon by the parties and shall survive the execution, delivery and performance of this Agreement. 19.10 Security Interest. Without limiting the Agent’s offset rights hereunder, in consideration of Agent's obligations hereunder, the Approval Order shall grant to Agent, effective as of the Payment Date, a valid and perfected security interest in and lien upon the Merchandise and the Proceeds, owned FF&E (if Merchant makes a request under section 16), proceeds from the sale of owned FF&E, and proceeds from the sale of Merchant Consignment Goods to secure all obligations of Merchant to Agent hereunder, junior only to (a) the Lender Agent's lien until the Guaranteed Amount is paid in full and the Expenses, and (b) any amount owed by Agent to Merchant for Expenses, which security interest shall be perfected without the necessity of filing financing statements to perfect the security interests. Merchant shall execute all such documents and take all such other actions as are reasonably required to perfect and maintain such security interest as a valid and perfected security interest. 19.11 Bidding Procedures/Bankruptcy Matters. In consideration of Agent conducting its due diligence and entering into this Agreement, which serves as a base by which other offers may be measured and is subject to higher and better offers by way of a bidding process, Merchant agrees to pay Agent from the proceeds of the offer received from the successful bidder (to the extent that Agent is not the successful bidder) a break-up fee in the amount of $7,500,000 (the “Break-Up Fee”). 19.12 Agent. All references to "Agent" hereunder shall mean Great American Group WF, LLC, Hudson Capital Partners, LLC, SB Capital Group, LLC, and Tiger Capital Group, LLC jointly and severally.
27
GAG January 15, 2009
IN WITNESS WHEREOF, Agent and Merchant hereby execute this Agreement by their duly authorized representatives as of the day and year first written above. Great American Group WF, LLC, Hudson Capital Partners, LLC, SB Capital Group, LLC, and Tiger Capital Group, LLC
___________________________________ By: Name: Its:
CIRCUIT CITY STORES, INC.
___________________________________ By: _______________________________ Its: _______________________________
CIRCUIT CITY STORES WEST COAST, INC.
___________________________________ By: _______________________________ Its: _______________________________
28
GAG January 15, 2009
EXHIBIT 2 CIRCUIT CITY SALE GUIDELINES Notwithstanding anything in the Agency Agreement1 to the contrary, the following procedures shall apply to any store location sales (each a "Sale" and collectively, "Sales") to be held at the Merchant’s Closing Locations: A. The Sales shall be conducted so that the Closing Locations in which sales are to occur will remain open no longer than during the normal hours of operation provided for in the respective leases for the Closing Locations. B. Within a shopping center, Agent shall not distribute handbills, leaflets or other written materials to customers outside of any Closing Locations’ premises, unless permitted by the lease or, if distribution is customary in the shopping center in which such Closing Location is located. Otherwise, Agent may solicit customers in the Closing Locations themselves. C. At the conclusion of the Sales, Agent shall vacate the Closing Locations in broomclean condition, and shall leave the Locations in the same condition as on Sale Commencement Date, ordinary wear and tear excepted, in accordance with Section 6.2 of the Agency Agreement. D. All display and hanging signs used by the Agent in connection with the Sales shall be professionally produced and all hanging signs shall be hung in a professional manner. The Merchant and the Agent may advertise the Sale as a “going out of business”, “store closing” or similar themed sale. The Merchant and the Agent shall not use neon or day-glo signs. Furthermore, with respect to enclosed mall locations, no exterior signs or signs in common areas of a mall shall be used. Nothing contained herein shall be construed to create or impose upon the Agent any additional restrictions not contained in the applicable lease agreement. In addition, the Merchant and the Agent shall be permitted to utilize exterior banners at non-enclosed mall Closing Location locations or at mall locations if the Closing Location has a separate entrance from a parking lot; provided, however, that such banners shall be located or hung so as to make clear that the Sale is being conducted only at the affected Closing Location and shall not be wider than the storefront of the Closing Location. In addition, the Merchant and the Agent shall be the permitted to utilize sign walkers, A-frame, interior and exterior banners and similar signage, notwithstanding any state, county or local law or ordinance.
Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in Agency Agreement dated as of [_], 2009, by and between [_], and Circuit City Stores, Inc., Circuit City Stores West Coast, Inc., a California corporation, and CCI's other direct and indirect subsidiaries (the "Agency Agreement").
1
GAG January 15, 2009
E. Conspicuous signs shall be posted in each of the affected Closing Locations to effect that all sales are “final”. F. Except with respect to the hanging of exterior banners, the Agent shall not make any alterations to the storefront or exterior walls of any Closing Locations. G. The Agent shall not make any alterations to interior or exterior Closing Location lighting. No property of the landlord of a Closing Location shall be removed or sold during the Sales. H. Agent shall keep Closing Location premises and surrounding area clear and orderly consistent with present practices. I. Agent may sell owned FF&E located in the Closing Locations during the Sale; provided, that the FF&E is not the property of the applicable landlord (of which Merchant shall advise Agent promptly after the Sale Commencement Date). The Merchant or the Agent, as the case may be, may advertise the sale of the FF&E consistent with the guidelines provided in paragraphs B and D hereof. Additionally, the purchasers of any FF&E sold during the sale shall only be permitted to remove the FF&E either through the back shipping areas or through other areas after store business hours. J. At the conclusion of the Sale at each Closing Location, pending assumption or rejection of applicable leases, the landlords of the Closing Locations shall have reasonable access to the Closing Locations’ premises as set forth in the applicable leases. The Merchant, the Agent and their agents and representatives shall continue to have exclusive and unfettered access to the Closing Locations.
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GAG January 15, 2009
Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 21,136 27,075 14,764 23,031 25,074 22,347 24,013 20,284 15,990 15,097 25,175 25,060 27,950 24,315 14,452 24,326 28,113 17,430 13,614 20,163 25,481 21,863 19,308 12,813 27,570 23,756 23,057 23,186 28,109 21,924 26,317 26,866 23,766 12,594 24,147 12,990 27,961 15,862 12,667 23,622 15,611 24,017 16,024 16,528 14,853 Total Square Feet 36,802 46,485 31,015 31,264 33,862 28,183 32,979 29,823 33,904 33,056 33,955 33,913 46,455 31,608 36,436 32,983 43,876 35,472 28,135 32,117 33,865 36,968 30,473 30,410 42,364 38,940 32,836 32,889 45,489 34,029 40,670 44,290 33,476 28,542 38,127 39,812 45,063 34,746 26,841 33,150 30,007 39,232 36,053 35,898 33,216 Grand Opening Date 7/3/1998 10/1/1987 11/1/1987 2/10/2005 3/31/2005 9/7/2006 5/2/2002 11/7/2002 7/28/1988 8/7/2003 2/19/2004 11/18/2004 7/28/1988 11/9/2006 7/15/1990 2/22/2007 9/19/1996 11/10/1988 3/19/1986 4/22/2004 2/19/2004 3/20/1997 8/21/2003 11/1/1985 3/1/1986 5/8/1997 4/30/2001 10/16/2003 9/15/1996 10/14/2004 2/1/1986 11/1/1985 10/10/2002 3/1/1986 3/3/1998 8/1/1986 11/28/1995 11/10/1988 9/1/1987 11/21/2002 8/11/1989 7/17/1997 8/11/1989 11/15/1991 11/15/1991
Location Number 230 231 232 233 234 237 239 240 241 242 249 250 251 252 253 270 271 272 401 403 404 405 406 407 408 409 410 411 414 416 417 419 420 421 423 424 425 427 428 429 432 433 434 443 446
Location Name Almaden Plaza Stevens Creek Ss San Mateo Ss Sunnyvale Hayward Ss Santa Rosa Ss Modesto Ss Emeryville Ss Stockton Ss Van Ness Ss Moreno Valley Ss Elk Grove Citrus Heights Ss Arden Way Ss Daly City Ss Las Vegas I Ss Reno Ss Las Vegas Ii Ss Hollywood Ss Santa Monica Torrance Ss Buena Park Ss Pasadena Ss Orange Ss Lakewood Ss San Bernardino Ss Northridge Ss Palmdale Ss Laguna Hills Ss Huntington Beach Ss Montclair Ss Woodland Hills Ss West Covina Ss Van Nuys Ss Fresno Ss Bakersfield Ss Montebello Ss Norwalk Ss La Cienega Ss Ventura Ss National City Ss Grossmont Ss Point Loma Ss Clairemont Ss Palos Verdes Ss
Address
City
State CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA NV NV NV CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA
Zip 95118 95129 94402 94087 94544 95407 95356 94608 95207 94109 92553 95758 95610 95825 94015 89119 89502 89146 90027 90401 90250 90620 91107 92868 90712 92408 91324 93551 92653 92647 91763 91367 91790 91401 93710 93309 90640 90650 90035 93030 91950 91941 92110 92117 90505
Advertising Market San Francisco San Francisco San Francisco San Francisco San Francisco San Francisco Sacramento San Francisco Sacramento San Francisco Los Angeles Sacramento Sacramento Sacramento San Francisco Las Vegas Reno Las Vegas Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Los Angeles Fresno Bakersfield Los Angeles Los Angeles Los Angeles Los Angeles San Diego San Diego San Diego San Diego Los Angeles
5353 Almaden Expressway San Francisco 4080 Stevens Creek San Francisco 1880 South Grant Street San Francisco 111 East El Camino Real San Francisco 2480 Whipple Road San Francisco 2805 Santa Rose Avenue San Francisco 3401 Dale Road Sacramento 5795 Christie Avenue San Francisco 4994 Claremont Avenue Sacramento 1200 Van Ness Avenue San Francisco 12530 Day Street Los Angeles 8211 Laguna Boulevard Sacramento 7980 Arcadia Boulevard Sacramento 2121 Arden Way Sacramento 303 Gellert Boulevard San Francisco 3778 South Maryland Parkw Las Vegas 4811 Kietzke Lane Reno 5055 Sahara Avenue Las Vegas Los Angeles 4400 West Sunset Boulevard 1251 Fourth Street Los Angeles 14600 Ocean Gate Avenue Los Angeles 8371 La Palma Avenue Los Angeles 39 North Rosemead BoulevaLos Angeles Los Angeles 1407 West Chapman Avenue 4950 Faculty Road Los Angeles 555 East Hospitality Drive Los Angeles 19330 Plummer Street Los Angeles 39331 10Th Street West Los Angeles 24001 El Toro Road Los Angeles 7881 Edinger Avenue, SuiteLos Angeles 5150 Plaza Lane Los Angeles 21470 W. Victory Blvd. Los Angeles 2851 Eastland Center Drive Los Angeles 13630 Victory Boulevard Los Angeles 5355 North Blackstone AvenFresno 4230 California Avenue Bakersfield 2415 Via Campo Avenue Los Angeles 11758 Firestone Boulevard Los Angeles 1839 South La Cienega BoulLos Angeles 421 West Esplanade Drive Los Angeles 1608 Sweetwater Road San Diego 8820 Grossmont Blvd. San Diego 3331 Rosecrans Avenue San Diego 3998 Clairemont Mesa BouleSan Diego 25415 Crenshaw Boulevard Los Angeles
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 24,227 15,718 25,478 23,860 26,092 27,416 21,867 25,171 24,019 14,271 23,886 26,716 24,055 14,823 17,746 25,644 27,001 26,669 16,171 28,013 24,165 25,117 22,102 16,248 23,643 40,500 23,958 17,397 13,875 22,561 23,713 15,560 23,180 17,619 17,344 17,512 21,791 16,547 20,627 20,144 21,133 27,918 14,881 14,780 21,344 Total Square Feet 33,345 31,469 34,202 32,918 31,247 33,860 31,557 34,157 33,138 31,870 32,952 35,050 32,804 20,304 31,940 34,812 43,463 38,862 31,492 42,870 32,800 33,698 31,479 32,272 29,641 65,306 29,517 31,458 31,694 31,423 40,110 34,070 32,887 30,584 29,256 28,576 32,529 31,219 32,995 32,366 32,321 43,447 31,718 34,867 36,994 Grand Opening Date 3/4/2004 10/15/1990 7/14/2005 8/12/2004 9/21/2006 2/19/2004 2/5/1997 10/28/2004 2/27/2003 5/15/1991 4/14/2003 11/20/2003 2/27/2003 12/15/2005 9/1/1991 12/12/2003 4/1/1991 10/14/2005 4/1/1991 5/16/1996 10/30/2003 2/17/2005 4/1/1991 9/15/1991 3/1/2007 10/3/2113 3/15/2007 11/15/1991 10/24/1989 8/21/2003 2/12/1997 11/1/1989 11/13/2001 8/23/1999 11/2/1999 10/18/1999 4/19/1999 12/1/1985 3/11/1997 11/5/1997 11/22/1999 8/27/1996 11/22/1989 6/1/1986 10/1/2001
Location Number 450 505 506 508 509 516 518 519 522 530 532 533 535 538 541 542 543 544 545 546 569 570 571 576 589 593 597 598 700 704 711 725 734 743 759 762 766 784 785 800 802 805 814 815 817
Location Name Victorville Mini Fairview Heights Ss St Peters Ss Irving Ss Valley View Ss Highland Ss Pembroke Pines Atlantic City Ss Two Notch Ss South County Ss Chesterfield Commons St Louis Mills Mall Gravois Bluff Almeda Ss West Oaks Ss Willowbrook Ss Plano Ss S Arlington Ss Hulen Ss Mesquite Ss Cedar Hill Ss Savannah Ss Brandon Ss Reading Ss Hickory Ss Chesapeake Mini Great Hills Ss Sunset Valley Ss Cottman Ss Waldorf Ss Valley Forge State Road Ss Cherry Hill Ss Willow Grove Barboursville Cc Charleston Daytona Ss Wheaton Ss Annapolis Cc Augusta Ss Springfield Ss Chesterfield Potomac Mills Ss Knoxville Ss Va Beach Ss
Address
City
State CA IL MO TX TX OH FL NJ SC MO MO MO MO TX TX TX TX TX TX TX TX GA FL PA NC VA TX TX PA MD PA PA NJ PA WV WV FL MD MD GA VA VA VA TN VA
Zip 92392 62208 63376 75062 75248 45209 33026 08330 29223 63125 63005 63042 63026 77075 77082 77064 75074 76015 76109 75150 75104 31406 33619 19610 28602 23321 78759 78745 19149 20601 19312 19064 08054 19090 25504 25309 32114 20902 21401 30901 22150 23113 22193 37923 23462
Advertising Market Los Angeles St. Louis St. Louis Dallas/Ft. Worth Dallas/Ft. Worth Cincinnati Miami Atlantic City Columbia, SC St. Louis St. Louis St. Louis St. Louis Houston Houston Houston Dallas/Ft. Worth Dallas/Ft. Worth Dallas/Ft. Worth Dallas/Ft. Worth Dallas/Ft. Worth Savannah Tampa Reading Charlotte Norfolk Austin Austin Philadelphia Washington Philadelphia Philadelphia Philadelphia Philadelphia Huntington Charleston, WV Orlando Washington Baltimore Augusta Washington Richmond Washington Knoxville Norfolk
12133 Mall Boulevard Los Angeles 55 Ludwig Drive St Louis 5610 Suemandy Road St Louis 3888 Irving Mall Dallas/Ft Worth 5301 Belt Line Boulevard, S Dallas/Ft Worth 3321 Alamo Avenue Cincinnati 11810 Pines Boulevard Miami 4215 Black Horse Pike Philadelphia 10136 Two Notch Road Columbia 6926 South Lindbergh BouleSt Louis 28 Thf Boulevard St Louis 4785 Park 370 Boulevard St Louis 691 Gravois Bluff Boulevard St Louis 10025 Almeda Genoa Road Houston 2680 South Highway 6 Houston 17727 Tomball Parkway Houston 3300 N. Central Expressway Dallas/Ft Worth 3865 South Cooper Street Dallas/Ft Worth 4820 Southwest Loop, 820B Dallas/Ft Worth 3733 Emporium Circle Dallas/Ft Worth 731 North Highway 67 Dallas/Ft Worth 8108 G Abercorn Street Savannah Tampa 10277 East Adamo Drive 1101 Woodland Avenue Philadelphia 2201 Us Highway 70 Se Charlotte 4107 Portsmouth Boulevard Norfolk 10515 North Mopac Express Austin 5400 Brodie Lane Austin 7207 Bustleton Avenue Philadelphia 3000 Festival Way Washington 400 West Swedesford Road Philadelphia 400 South State Road Philadelphia 1450 Nixon Drive Philadelphia 2510 West Moreland Road Philadelphia 400 Mall Road Huntington 39 Rhl Boulevard Huntington 2500 International SpeedwaOrlando 11160 Viers Mill Road Washington 150-A Jennifer Road Baltimore 239 Robert C. Daniel Jr. Par Augusta 6640 Loisdale Road Washington 1321 Huguenot Road Richmond 14500 Potomac Mills Road Washington 151 North Peters Road Knoxville 110 S. Independence BoulevNorfolk
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 25,110 25,150 24,998 25,800 23,376 27,349 25,256 15,015 24,604 15,303 21,509 28,181 22,399 28,002 24,790 23,686 15,694 23,419 25,995 28,466 23,969 29,662 20,221 23,787 15,344 25,998 21,678 22,377 27,336 24,253 28,244 20,250 22,374 23,856 19,164 21,758 22,934 15,853 27,695 23,558 30,173 24,795 16,521 17,225 22,681 Total Square Feet 34,047 40,825 33,853 33,844 32,881 42,144 33,884 40,738 34,346 36,847 36,020 44,175 32,375 45,000 33,736 33,030 32,315 33,028 45,581 45,618 38,981 45,625 32,437 37,571 40,366 33,401 31,841 32,279 45,909 32,997 43,690 32,812 32,360 37,472 38,997 32,457 34,773 31,447 42,310 36,496 43,603 33,464 37,595 28,423 32,473 Grand Opening Date 7/15/2004 4/30/1995 6/24/2004 3/4/2004 8/23/2001 9/22/1995 11/18/2004 11/7/1986 9/16/2004 7/1/1987 11/25/1988 3/13/1996 11/25/1988 7/24/1997 10/14/2004 3/1/2002 9/28/1989 11/12/2001 4/28/1989 5/30/1996 2/27/1997 6/27/1996 6/22/1998 5/22/1997 10/3/1986 2/22/2007 3/1/1989 4/3/1989 10/16/1996 2/19/2004 9/14/1995 10/21/1997 5/26/1989 10/30/2002 3/13/1997 6/30/1989 6/19/2001 7/1/1990 11/24/1995 5/22/2003 2/7/1996 8/19/2004 8/5/1986 8/9/1999 11/16/1989
Location Number 820 823 824 827 828 830 831 832 835 836 837 838 839 840 843 845 846 848 849 850 851 852 854 855 856 857 859 861 862 863 865 866 867 868 871 876 877 878 888 890 891 892 894 896 897
Location Name Greensboro Ss Spartanburg Ss Largo Ss Hoover Ss New Tampa Ss Winston Salem Ss Gastonia Ss Pensacola Ss Roanoke Ss Glen Burnie Ss Orlando South Ss Orlando Central Ss Orlando North Ss Raleigh Ss Rivergate Independence Gaithersburg Ss North Ft Lauderdale Dadeland Ss Durham Ss Chattanooga Ss Fayetteville Ss Route 40 West Ss Huntsville Ss Mobile Ss Dale Mabry Ss Aventura Ss Hialeah Ss W Palm Beach Ss Coral Springs Greenville Ss Rockville Ss Lakeland Ss Charleston Ss The Commons Ss St Petersburg Ss St Matthews Ss Florence Ss South Blvd Ccss Bailey'S Xroads Ss Clearwater Ss Atlantic Blvd Ss Dixie Hwy Ss Columbia Ss Bradenton Ss
Address
City
State NC SC MD AL FL NC NC FL VA MD FL FL FL NC TN NC MD FL FL NC TN NC MD AL AL FL FL FL FL FL SC MD FL SC TN FL KY KY NC VA FL FL KY SC FL
Zip 27407 29301 20774 35244 33647 27103 28054 32504 24012 21061 32809 32803 32701 27612 37115 28105 20879 33305 33156 27707 37421 28314 21228 35806 36608 33607 33180 33012 33409 33067 29607 20852 33809 29406 38133 33710 40207 41042 28273 22041 33755 32225 40216 29210 34207
Advertising Market Greensboro Spartanburg Washington Birmingham Tampa Winston-Salem Gastonia Pensacola Roanoke Baltimore Orlando Orlando Orlando Raleigh Nashville Charlotte Washington Miami Miami Durham Chattanooga Fayetteville, NC Baltimore Huntsville Mobile Tampa Miami Miami West Palm Miami Greenville, SC Washington Lakeland Charleston Memphis St. Petersburg Louisville Cincinnati Charlotte Washington St. Petersburg Jacksonville, FL Louisville Columbia, SC Bradenton
4217 E. West Wendover AveGreensboro 1508-B W. O. Ezell BoulevarGreenville 1020 Shoppers Way Washington 4351 Creekside Avenue Birmingham 18061 Highwoods Preserve Tampa 910 Haynes Mall Boulevard Greensboro 2651 East Franklin Boulevar Charlotte 6121 North Davis Highway Pensacola 1900 Valley View Boulevard Roanoke 78 Mountain Road Baltimore 7915 South Orange BlossomOrlando 2728 East Colonial Drive Orlando 1140 East Altamonte Drive Orlando 4601 Creedmoor Road Raleigh 2088 Gallatin Pike North Nashville 2109 Matthews Township PaCharlotte 602-A Quince Orchard Road Washington 1700 North Federal HighwayMiami 7700 North Kendall Drive, #Miami 3400 Westgate Drive Raleigh 2204 Hamilton Place Blvd. Chattanooga 5075 Morganton Road, SuiteRaleigh Baltimore 6026 Baltimore National Pike 5900 University Drive Huntsville 3725 Airport Boulevard Pensacola 1702 North Dale Mabry HighTampa 20669 Biscayne Blvd., Ne Miami 400 West 49Th Street Miami 1901 Okeechobee BoulevardWest Palm Beach 6001 West Sample Road Miami 840 Woods Crossing Road Greenville Washington 1501 Rockville Pike 4212 U.S. Route 98 North Tampa 7800 Rivers Avenue, Suite BCharleston 8045 Giacosa Drive Memphis 2066 Tyrone Boulevard NortTampa 4600 Shelbyville Road Louisville 8125 Mall Road Cincinnati 9563 South Boulevard Charlotte 5718 Columbia Pike Washington Tampa 24244 Highway 19 N. 9317 Atlantic Boulevard Jacksonville 5120 Dixie Highway Louisville 238 Harbison Blvd Columbia Tampa 4495 14Th Street West
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 23,848 22,935 20,170 21,783 14,489 22,554 23,962 9,267 9,742 17,559 17,511 25,577 17,431 17,440 17,397 16,883 31,036 20,280 9,723 12,424 20,670 9,740 14,972 23,133 18,873 16,271 23,959 18,675 23,886 16,836 21,533 20,590 25,860 21,675 17,490 23,942 21,333 25,887 21,589 25,295 20,922 18,734 20,381 16,729 20,305 Total Square Feet 33,099 32,336 32,860 31,157 33,386 32,887 33,131 16,972 17,387 28,796 28,757 33,955 28,385 28,530 28,132 27,358 39,872 33,039 16,904 20,615 28,725 16,930 20,200 31,556 28,915 32,569 39,125 32,526 32,840 27,638 34,067 33,794 40,975 33,360 26,482 35,981 33,171 39,743 32,991 34,108 32,836 31,468 32,421 28,436 33,486 Grand Opening Date 11/13/2001 5/13/1990 8/30/1996 9/1/1990 5/12/1990 7/24/2003 11/21/2002 11/25/1994 11/24/1994 7/21/1995 11/24/1995 9/22/2005 8/18/1995 3/1/1996 10/28/1996 2/24/1997 2/6/2114 2/23/1996 5/3/1999 9/14/1998 10/30/2000 6/28/1999 10/14/2004 11/17/2000 3/2/2000 11/15/1992 2/24/1997 11/27/1992 11/21/2002 2/24/1997 11/15/1993 11/15/1993 11/10/1994 11/22/1993 6/17/1993 5/8/2003 9/6/1993 11/13/2001 10/25/1993 5/26/2005 11/15/1993 5/1/1994 5/1/1994 11/4/1996 11/15/1994
Location Number 910 913 921 922 949 1600 1601 1602 1603 1607 1608 1609 1610 1614 1616 1618 1624 1627 1638 1645 1681 1683 1687 1693 1695 3100 3103 3104 3106 3108 3111 3112 3113 3120 3121 3125 3126 3127 3128 3129 3131 3133 3134 3135 3136
Location Name Tri-County Ss Port Richey Ss Asheville Ss Fort Myers Ss Allentown Ss Harrisonburg Ms Fredericksburg Ss Tyler Micro Longview Micro Jacksonville Nc Wilmington Mini Winchester Micro Waco Redding Mini Anderson Sc Mini Monterey Mini College Station Micr Florence Cheyenne Salisbury Nc Albany Altoona Houma State College Victor West Broad Ss Oxford Valley Ss Lawrenceville Ss Southpark South Portland Me Schaumburg Ss Downers Grove Ss Ford City Ss Berwyn Ss Naperville Ss Bloomingdale Ss Orland Hills Ss Gurnee Mills Merrillville Ss Algonquin Lincoln Park Ss Burnsville Ss Rosedale Ss Woodbury Mini Southdale Ss
Address
City
State OH FL NC FL PA VA VA TX TX NC NC VA TX CA SC CA TX SC WY NC GA PA LA PA NY VA PA NJ VA ME IL IL IL IL IL IL IL IL IN IL IL MN MN MN MN
Zip 45246 34668 28805 33901 18052 22801 22401 75703 75605 28546 28405 22601 76710 96003 29621 93955 77840 29501 82001 28146 31707 16601 70360 16803 14564 23060 19047 08648 23834 04106 60173 60515 60629 60402 60540 60108 60477 60031 46410 60102 60647 55337 55113 55125 55435
Advertising Market Cincinnati St. Petersburg Asheville Ft. Myers Allentown Harrisonburg Washington Tyler Longview Jacksonville, NC Wilmington Winchester Waco Redding Anderson Salinas College Station Florence Cheyenne Salisbury, NC Albany, GA Altoona New Orleans State College Rochester NY Richmond Philadelphia Atlantic City - Lawren Richmond Portland ME Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago - IN Chicago Chicago Minneapolis Minneapolis Minneapolis Minneapolis
493 East Kemper Avenue Cincinnati Tampa 6325 Tacoma Drive 299 Swannanoa River Road Greenville 4380 Cleveland Avenue Fort Myers 1055 Grape Street Philadelphia 259 Burgess Road Harrisonburg 1731 Carl D. Silver Parkway Washington Tyler-Longview 4910 S. Broadway Tyler-Longview 406 West Loop 821 1171 Western Blvd. Greenville/Newbern Nc 5325 Market Street Wilmington Nc 2580 South Pleasant Valley Winchester Waco 4909 West Waco Drive 1175 Dana Drive Chico/Redding 3423 Clemson Blvd., Suite BGreenville 905 Playa Avenue Salinas 1505 University Drive East Waco Florence Sc 2402 David Mcleod Blvd. 1854 Dell Range Boulevard Cheyenne,Wy 345 Faith Road Charlotte 1223 North Westover Blvd. Albany Ga 141 Sierra Drive Johnstown,Pa 1729 Martin Luther King BouNew Orleans 48 Colonnade Way Johnstown,Pa 20 Square Drive Rochester 9900 West Broad Street Richmond 100 Lincoln Plaza Philadelphia 3350 Brunswick Pike Philadelphia 820 Southpark Boulevard Richmond 555 Maine Mall Road Portland Me 1420 East Golf Road Chicago 2900 Highland Avenue Chicago 7414 South Cicero Avenue Chicago 7001 Cermak Plaza Chicago 460 South State Route 59 Chicago 340 W. Army Trail Road Chicago 9231 West 159Th Street Chicago 6124 West Grand Avenue Chicago 2757 East U.S. 30 Chicago 1812 Randall Road Chicago 2500 North Elston Avenue Chicago 14141 Aldrich Avenue SouthMinneapolis 1750 Highway 36 West, SuitMinneapolis 8250 Tamarack Village Minneapolis 4260 West 78Th Street Minneapolis
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 19,990 20,353 20,608 25,142 27,408 23,695 18,994 25,075 23,746 12,563 26,202 28,075 28,389 13,676 20,816 20,238 20,138 20,002 24,507 12,869 20,339 25,636 12,418 27,329 25,316 25,057 26,942 22,433 28,069 20,296 25,365 25,480 23,745 17,405 24,075 25,160 20,284 27,799 25,119 23,436 10,717 21,966 11,256 23,586 20,223 Total Square Feet 36,596 33,241 36,367 41,132 41,042 29,721 31,412 42,680 37,597 21,365 35,320 42,236 42,773 21,570 33,924 32,427 33,093 32,104 36,945 23,364 33,119 40,825 23,422 42,948 39,573 33,064 42,428 34,104 42,652 33,047 44,379 45,233 39,261 28,328 39,195 35,085 32,563 41,746 40,231 32,884 21,331 31,840 21,507 36,553 34,443 Grand Opening Date 5/1/1994 11/25/1994 8/25/1994 10/26/1995 10/7/1995 3/1/2007 10/20/1995 4/12/1995 10/7/1996 11/9/1998 11/18/2004 11/24/1995 11/10/1995 2/24/1997 11/24/1995 11/16/1998 11/25/1994 11/4/1996 9/11/2000 9/17/1995 11/17/1995 11/13/1994 5/30/1995 8/11/1995 3/20/1995 8/18/2005 11/24/1995 11/17/2000 4/18/1996 4/8/1996 9/30/1996 11/25/1994 6/23/1997 8/23/1999 11/24/1997 9/23/2004 6/9/1997 3/1/1996 3/15/1995 8/15/2002 8/13/1992 7/7/1992 11/27/1992 5/22/2003 11/15/1994
Location Number 3137 3139 3140 3141 3142 3143 3144 3146 3147 3149 3150 3151 3152 3153 3154 3157 3158 3159 3160 3164 3166 3167 3168 3169 3170 3175 3176 3177 3184 3185 3186 3187 3189 3192 3193 3194 3196 3197 3198 3200 3202 3203 3204 3205 3206
Location Name Maplewood Ss Ridgedale Ss St Cloud Ss Newington Buckland Hills Milford/Orange North Haven E Springfield Ss Binghamton Ss Utica Mini Carousel Center Cheektowaga Ss Amherst Ss Hamburg Micro Greece Ss Christiana Wilmington/Concord Holyoke Ss Albany 1 Ss Salisbury Mini Bel Air Ss Peoria/Westlake Ss Bloomington Mini Springfield Il Ss Champaign/Urbana Ss Brookfield Ss Southridge Racine West Madison I East Madison Ii Mishawaka Canton Ss Dayton Mall Ss Greenwood Castleton Ss Columbus Beaver Ss Oh Poughkeepsie Ss Rockford Ss Columbus Ss Gainesville Ss Sarasota Ss Ft Walton Mini Naples Ss Lafayette Ss
Address
City
State MN MN MN CT CT CT CT MA NY NY NY NY NY NY NY DE DE MA NY MD MD IL IL IL IL WI WI WI WI WI IN OH OH IN IN IN OH NY IL GA FL FL FL FL LA
Zip 55109 55345 56301 06111 06040 06460 06473 01129 13850 13413 13290 14225 14226 14219 14626 19702 19803 01040 12205 21801 21014 61604 61701 62704 61821 53005 53220 53406 53719 53704 46545 44718 45459 46227 46250 47201 45432 12601 61108 31909 32607 34231 32548 34105 70503
Advertising Market Minneapolis Minneapolis St Cloud Hartford Hartford New Haven New Haven Springfield, MA Binghamton Utica Syracuse Buffalo Buffalo Buffalo Rochester NY Wilmington, DE Philadelphia Springfield, MA Albany Salisbury, MD Baltimore Peoria Bloomington Springfield Champaign Milwaukee Milwaukee Racine Madison, WI Madison, WI South Bend Canton Dayton Indianapolis Indianapolis Bloomington, IN Dayton Poughkeepsie Rockford, IL Columbus Gainesville Sarasota Fort Walton Naples Lafayette
1940 East County Road D Minneapolis 1001 Plymouth Road Minneapolis 3316 Division Street Minneapolis 3440 Berlin Turnpike Hartford 230 Hale Road Hartford 1389 Boston Post Road Hartford 19-29 Universal Drive Hartford 510 Parker Street Springfield Ma 3124 Vestal Parkway East Binghampton 1 Sangertown Square Mall Syracuse 9090 Carousel Center Drive Syracuse 3757 Union Road Buffalo 3040 Sheridan Street Buffalo 1020 Mckinley Mall Buffalo 140 Greece Ridge Center Dr Rochester 700 Center Boulevard Philadelphia 4130 Concord Pike Philadelphia 33 Holyoke Street Springfield Ma 161 Washington Avenue Ext Albany,Ny 2640 North Salisbury BoulevSalisbury Md 680 Marketplace Drive Baltimore 2601 Westlake Avenue Peoria/Bloomington 1500 East Empire Street Peoria/Bloomington 3051 West Wabash Avenue Springfield/Champaign 2006 North Prospect Springfield/Champaign 665 Main Street Milwaukee Milwaukee 4585 South 76Th Street 2710-C South Green Bay Ro Milwaukee 450 Commerce Drive Madison Madison 2301 East Springs Drive 5944 Grape Road South Bend 4381 Whipple Avenue N.W. Cleveland 2700 Miamisburg-CentervilleDayton 8014 U.S. Highway 31 Indianapolis 5410 East 82Nd Street Indianapolis 1343 North National Road Indianapolis 2720 Towne Drive Dayton 837 South Road New York Metro 5460 East State Street Rockford 5555 Whittlesey Boulevard Columbus 7001 North West 4Th Blvd. Gainesville 4708 South Tamiami Trail Tampa 419-A Mary Ester Cutoff Pensacola 5052 Airport Pulling Road Fort Myers 5624 Johnston Street Lafayette
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 20,803 17,505 23,743 23,744 20,121 20,117 23,870 18,337 17,526 20,272 28,119 17,362 22,257 24,975 20,216 17,801 14,980 22,881 17,101 27,655 11,191 20,175 20,329 10,974 12,772 12,710 22,991 23,298 23,536 9,816 14,589 12,638 23,454 25,096 25,561 15,601 22,096 28,165 25,544 19,835 10,676 28,385 18,680 23,765 25,093 Total Square Feet 32,962 28,430 37,554 39,253 32,521 33,134 35,701 29,299 28,682 32,211 42,324 29,333 33,147 33,806 28,552 28,848 20,274 31,492 27,983 44,188 18,990 34,087 32,492 19,766 21,292 21,240 31,417 32,717 34,953 17,138 20,922 21,525 32,940 33,884 39,723 21,177 30,387 44,509 33,972 33,456 21,211 45,359 31,761 38,786 33,862 Grand Opening Date 11/15/1994 10/18/1999 10/14/1996 10/7/1996 10/21/1996 6/13/1994 2/10/2005 11/22/1999 7/16/1995 5/6/1996 9/30/1996 3/1/1996 11/18/1996 2/10/2005 8/10/1998 8/5/1996 7/8/2004 2/26/2001 3/17/1997 5/12/1997 11/17/1997 11/10/1997 11/10/1997 10/27/1997 7/13/1998 2/23/1998 10/2/2000 8/23/2001 6/4/2001 5/17/1999 11/2/1998 6/15/1998 11/6/2000 11/18/2004 4/8/2004 5/4/2006 11/17/2000 8/18/1995 10/27/2005 7/26/1993 10/1/1992 11/25/1996 11/27/1992 2/24/1997 11/11/2004
Location Number 3207 3212 3215 3217 3218 3219 3226 3227 3229 3230 3233 3234 3237 3238 3241 3242 3244 3246 3247 3249 3252 3253 3254 3255 3260 3262 3263 3264 3269 3270 3274 3276 3281 3283 3284 3285 3289 3302 3304 3305 3306 3307 3309 3310 3311
Location Name West Dade Ss Abilene Wichita West Ss Springfield Mo Ss Lincoln Ss Columbia Ss Cool Springs Cary Midland High Point Nc Ss Galleria Ss Ocala Boynton Beach Ss Shreveport Jensen Beach '99 Greenville Ss Rocky Mount Myrtle Beach Johnson City Xing Sawgrass Kingsport The Woodlands Sugar Land Covington Tulsa North '99 Wichita Falls Round Rock Frisco Citrus Park Gulfport Lake Charles Clarksville '99 Rome Dothan Hattiesburg Mall At Turtle Creek Merritt Island Palm Desert Ss Tucson Oracle Mini Tucson Broadway Ss Visalia Mini Albuquerque Ss Newport Beach Ss Valencia Rancho Cucamonga Ss
Address
City
State FL TX KS MO NE MO TN NC TX NC TX FL FL LA FL NC NC SC TN FL TN TX TX LA OK TX TX TX FL MS LA TN GA AL MS AR FL CA AZ AZ CA NM CA CA CA
Zip 33172 79604 67209 65804 68510 65201 37067 27511 79707 27262 77027 34474 33426 71105 34994 27834 27804 29577 37604 33323 37660 77380 77479 70433 74135 76308 78682 75034 33625 39507 70601 37040 30165 36303 39402 72401 32952 92260 85705 85711 93277 87110 92660 91381 91739
Advertising Market Miami Abilene Wichita Springfield, MO Lincoln Columbia, MO Nashville Raleigh Midland High Point Houston Ocala West Palm Shreveport Jensen Beach/Stuart Greenville, NC Rocky Mount Myrtle Beach Johnson City Miami Kingsport Houston Houston New Orleans Tulsa Wichita Falls Austin Dallas/Ft. Worth Tampa Biloxi/Gulfport Lake Charles Clarksville, TN Rome Dothan Hattiesburg Jonesboro Melbourne Palm Springs Tucson Tucson Fresno Albuquerque Los Angeles Los Angeles Los Angeles
8575 N. W. 13Th Terrace Miami 4351 Ridgemont Drive Abilene,Tx 6920 West Kellogg Wichita 3600 South Glenstone Aven Springfield Mo 6140 "O" Street Lincoln 1901 Bernadette Drive, #2 Columbia Mo 545 Cool Springs Boulevard Nashville 1401 Piney Plains Road Raleigh Midland/Odessa 4110 Loop 250, North 1030 Mall Loop Road Greensboro 4500 San Felipe Street Houston 3402 Southwest 36Th Terra Gainesville 515 North Congress Avenue West Palm Beach Texarkana/Shreveport 7091 Youree Drive West Palm Beach 2550 North West Federal Hig 3060 South Evans Street Greenville/Newbern Nc 1271 Cobb Corner Drive Raleigh 550 Seaboard Street Florence Sc 3211 Peoples Street, Space Tri-Cities Tn 12300 West Sunrise BoulevaMiami Tri-Cities Tn 1740 Idle Hour Road 1455 Lake Woodland Drive Houston 16742 Southwest Freeway Houston 790 North Highway 190 New Orleans Tulsa 5313 East 41St Street 3121 Lawrence Road Wichita Falls 120 Sundance Park Austin 2930 Preston Road, Space F Dallas/Ft Worth Tampa 6918 Gunn Highway 15210 Crossroads Parkway Biloxi,Ms 2990 East Prien Lake Road Lake Charles,La 2819 Wilma Rudolf Road Nashville 2700 Martha Berry Highway Atlanta 2821 Montgomery Highway Montgomery 1000 Turtle Creek Road Hattiesburg,Ms 3000 East Highland Drive, S Jonesboro Orlando 450 E. Merritt Island Causew 72369 Highway 111 Palm Springs Tucson 4380 North Oracle Road Tucson 5530 E. Broadway Blvd. 3930 South Mooney BoulevaFresno 4400 Cutler Ave. Ne Albuquerque,Nm 1101 Newport Center Drive Los Angeles 25610 N. The Old Road Los Angeles 12260 Foothill Boulevard Los Angeles
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 28,066 20,271 28,344 13,191 28,116 25,122 12,019 13,126 23,927 20,150 20,265 19,798 20,406 17,032 23,794 11,150 23,969 25,062 20,933 29,196 27,556 12,866 23,881 28,213 27,498 19,883 27,434 17,195 25,051 28,123 25,545 25,574 25,653 32,576 20,095 19,885 24,511 20,619 18,359 14,994 15,581 23,711 24,166 16,868 12,689 Total Square Feet 42,190 32,078 42,792 22,806 43,522 40,278 23,877 22,792 41,233 33,082 36,665 30,897 33,539 27,932 38,978 18,957 39,171 41,017 35,104 50,451 42,817 26,466 39,525 43,132 42,881 33,132 42,845 29,196 37,829 43,911 40,770 40,026 33,926 62,798 32,866 32,180 37,648 33,742 29,618 25,183 20,775 38,539 32,921 28,310 21,256 Grand Opening Date 7/15/1996 8/26/1995 1/31/1996 7/26/1995 7/1/1996 2/23/1995 5/19/1997 11/7/1994 11/14/1994 10/26/1994 2/23/1995 11/29/1993 9/4/1995 10/13/1997 11/18/1996 8/1/1997 11/10/1997 8/12/1995 10/7/1995 8/5/1996 9/28/1995 2/23/1995 11/25/1996 11/10/1995 9/1/1995 11/25/1996 8/21/1995 11/22/1999 4/15/1995 7/1/1996 4/12/1995 4/16/1995 6/10/2004 11/18/1996 10/13/1995 6/15/1998 3/1/1996 2/16/1996 2/28/2008 1/10/2008 10/24/2008 10/28/1996 1/29/2004 11/24/1997 4/27/1998
Location Number 3313 3315 3316 3317 3318 3319 3321 3322 3323 3324 3326 3327 3329 3331 3332 3333 3334 3336 3338 3339 3340 3342 3343 3344 3345 3346 3347 3348 3349 3350 3351 3352 3353 3354 3360 3361 3364 3365 3366 3369 3372 3373 3375 3376 3377
Location Name Irvine Ss Gateway Ss Jantzen Beach Ss Everett Mall Lynnwood Ss Bellevue Crossroads Tacoma Mall Chico Mini Tigard Ss Clackamas Ss Bellingham Ss Carmel Mountain Encinitas Ss Northside Eugene Ss Medford Micro Boise Ss South Center Olympia Ss Westminster Ss Colorado Springs Ss Silverdale Mini Colorado Blvd Ss Aurora Ss Highlands Ranch/Queb Southwest Plaza Lakewood/Homestead Boulder Ss Ogden Ss Sugarhouse Fort Union Ss Orem Ss Jordan Landing Pearl Ridge Ss Culver City Ss Glendale Fullerton Ss Green Valley Nv Ponce Mall San Patricio Arecibo Long Beach Ss Roseville Fort Collins Idaho Falls Micro
Address
City
State CA OR OR WA WA WA WA CA OR OR WA CA CA WA OR OR ID WA WA CO CO WA CO CO CO CO CO CO UT UT UT UT UT HI CA CA CA NV PR PR PR CA CA CO ID
Zip 92602 97220 97217 98204 98038 98008 98409 95928 97223 97266 98266 92122 92024 99208 97477 97504 83704 98188 98502 80031 80909 98383 80222 80012 80130 80123 80215 80302 84405 84106 84121 84058 84084 96701 90232 91205 92832 89014 717 00968 612 90815 95678 80525 83406
Advertising Market Los Angeles Portland Portland Seattle Seattle Seattle Seattle Chico Portland Portland Seattle San Diego San Diego Spokane Eugene Medford Boise Seattle Seattle - Olympia Denver Colorado Springs Seattle - Silverdale Denver Denver Denver Denver Denver Denver Salt Lake City Salt Lake City Salt Lake City Salt Lake City Salt Lake City Honolulu Los Angeles Los Angeles Los Angeles Las Vegas Puerto Rico Puerto Rico Puerto Rico Los Angeles Sacramento Denver Idaho Falls
13752 Jamboree Road Los Angeles 1638 Ne 102Nd Avenue Portland Or 1772 Jantzen Beach Center Portland Or 530 Sw Everett Mall Way Seattle 2800 196Th Street, Sw Seattle 15600 N.E. 8Th Street Seattle 4124 Tacoma Mall BoulevardSeattle 2041 Whitman Avenue Chico/Redding 9180 S.W. Hall Blvd. Portland Or 10722 Se 82Nd Avenue Portland Or 3944 Meridian Street Seattle 11710 Carmel Mountain RoaSan Diego 333 North El Camino Road San Diego 7701 N. Division Street Spokane 2730 Gateway Loop Eugene 519 Medford Road Medford 542 North Milwaukee Street Boise 223 Andover Park East Seattle 2815 Capitol Mall Drive, Sw Seattle 9250 Sheridan Boulevard Denver 345 N. Academy Blvd. Colorado Springs 9991 Mickelberry Road, Nw Seattle 1505 South Colorado Blvd. Denver 1450 S. Abiline Street Denver 8575 South Quebec Street Denver 5155 South Wadsworth BlvdDenver 10750 W. Colfax Ave. Denver 2600 Pearl Street Denver 1093 West Riverdale Road Salt Lake City 724 East 2100 South Salt Lake City 1340 East Park Centre DriveSalt Lake City 360 West St. & 1300 S. St. Salt Lake City 7156 South Plaza Center Dr Salt Lake City 98-145 Kaonohi Street Honolulu 5660 Sepulveda Blvd. Los Angeles 118 S. Maryland Avenue Los Angeles 123 Orangefair Mall Los Angeles 561 North Stephanie Street Las Vegas Plaza Del Caribe Mall #2 St. Ponce 100 Avenue San Patricio San Patricio 80 Carrizales San Juan 2180 Bellflower Blvd. Los Angeles 10251 Fairway Drive Sacramento 4414 South College Avenue Denver 1951 S. 25Th East Street Idaho Falls
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 25,106 12,711 11,277 17,012 25,589 17,470 20,086 21,469 26,544 25,074 23,492 25,573 26,156 17,693 25,086 48,474 18,899 18,918 25,647 20,128 20,228 25,243 26,773 20,098 20,061 27,342 24,071 25,512 24,620 24,392 25,947 24,990 26,048 30,244 25,052 25,916 25,577 27,697 27,059 25,661 25,463 14,966 25,103 25,525 25,071 Total Square Feet 33,887 21,210 19,240 29,850 33,932 28,440 28,704 36,123 43,563 33,862 35,270 31,062 42,051 36,426 33,884 64,424 31,356 31,793 34,077 33,172 33,164 34,263 34,413 41,229 32,772 35,695 32,666 33,862 32,823 34,826 35,035 34,143 35,187 40,558 34,017 35,942 33,862 36,867 34,821 34,793 34,106 20,851 33,792 33,859 33,862 Grand Opening Date 9/9/2004 5/4/1998 2/24/1997 10/27/1997 10/20/2005 10/18/1999 11/15/1999 7/16/2001 8/7/2000 2/17/2005 4/9/2001 11/16/2006 11/18/2005 7/7/1992 11/18/2004 10/3/2113 11/27/1992 11/27/1992 2/12/2004 10/25/1994 7/20/1994 9/30/2004 1/18/2007 11/25/1996 11/24/1997 10/13/2005 2/25/2002 7/1/2004 7/12/2003 7/1/2004 8/4/2005 9/9/2004 9/16/2004 7/2/2109 1/13/2005 9/30/2004 1/13/2005 11/16/2006 6/28/2007 11/18/2004 6/23/2005 8/18/2005 12/9/2004 10/27/2005 2/24/2005
Location Number 3378 3379 3381 3382 3390 3401 3403 3405 3409 3418 3425 3428 3502 3504 3505 3508 3510 3512 3513 3514 3515 3516 3518 3520 3521 3522 3525 3527 3529 3549 3550 3554 3556 3560 3561 3562 3564 3569 3570 3572 3576 3577 3579 3581 3582
Location Name Cottonwood Grand Junction Pueblo Micro Valley Mall Thornton Temecula/Murrieta Port Charlotte Boca Raton Avenues Sanford Nw Las Vegas San Luis Obispo Exchange Plaza Ss Corpus Christi North Richland Ss Crossroads Mini Tulsa South Ss Mcallen Ss Brownsville Ss Amarillo Ss Bellevue Ss Southlake Raleigh Northshore Ss Jackson Ss Garland Wellington Silverlake Exton Short Pump Greenville Point Bainbridge Whitman Square Spring Hill Millenia Mall Concord Mills Quail Springs Midtown Miami Hyattsville Polaris Lake Worth Rockwall Meyerland Stapleton La Quinta
Address
City
State NM CO CO WA CO CA FL FL FL FL NV CA TX TX TX OK OK TX TX TX TN TX NC TX MS TX FL TX PA VA SC OH PA FL FL NC OK FL MD OH TX TX TX CO CA
Zip 87114 81505 81008 99205 80602 92591 33954 33431 32256 32771 89149 93405 78238 78411 76053 73159 74133 78501 78526 79121 37221 76092 27616 77015 39211 75040 33414 77581 19341 23233 29607 44202 19114 34613 32839 28027 73134 33127 20782 43240 76135 75087 77096 80238 92253
Advertising Market Albuquerque Grand Junction Colorado Springs Spokane Denver Los Angeles Port Charlotte West Palm Jacksonville, FL Orlando Las Vegas Santa Barbara - SLO San Antonio Corpus Christi Dallas/Ft. Worth Oklahoma City Tulsa McAllen McAllen Amarillo Nashville Dallas/Ft. Worth Raleigh Houston Jackson, MS Dallas/Ft. Worth West Palm Houston Philadelphia Richmond Greenville, SC Cleveland Philadelphia St. Petersburg Orlando Charlotte Oklahoma City Miami Washington Columbus, OH Dallas/Ft. Worth Dallas/Ft. Worth Houston Denver Palm Springs
10420 Coors Boulevard Albuquerque,Nm 2541 Highway 6 & 50 Grand Junction 4320 Freeway North Colorado Springs 15104 East Indiana Avenue Spokane 16511 North Washington Denver 40480 Winchester Road Los Angeles 18700 Veterans Boulevard, Fort Myers 1400 Glades Road, Bay 140 West Palm Beach 9041 Southside Boulevard Jacksonville 1101 W.P. Ball Boulevard Orlando 7781 West Tropical ParkwayLas Vegas 1531 Froom Ranch Way Santa Barbara 6001 Nw Loop 410, Suite 10San Antonio 5425 South Padre Island DriCorpus Christi 1451 West Pipeline Road Dallas/Ft Worth Oklahoma City 1409 West I -240 Service Ro 9027 East 71St Street SouthTulsa 507 West Expressway 83 Mcallen-Brownsville 3000 Pablo Kisel Boulevard, Mcallen-Brownsville 2510 Soncy Road Amarillo Nashville 7669 Highway 70 South 250 North Kimball Avenue Dallas/Ft Worth 3340 Cypress Plantation Tra Raleigh 13350 East Freeway Houston 1045 E. County Line Road Jackson Ms 325 Coneflower Drive Dallas/Ft Worth 10570 Forest Hill Boulevard West Palm Beach 3137 Silverlake Drive Houston 128 Woodcutter Street Philadelphia 11732 West Broad Street Richmond 1140 Woodruff Road Greenville 7705 Market Place Drive Cleveland Philadelphia 9733 East Roosevelt Bouleva Tampa 13199 Cortez Boulevard 4155 Millenia Boulevard Orlando 8210 Concord Mills BoulevarCharlotte 13730 N. Pennsylvania AvenOklahoma City 3401 North Miami Avenue, UMiami 2900 Belcrest Center Drive Washington 8655-8671 Lyra Drive Columbus Oh 6592 Lake Worth Boulevard Dallas/Ft Worth 959 East Interstate 30 Dallas/Ft Worth 100 Meyerland Plaza Mall Houston 7950 East 49Th Avenue Denver 78825 Highway 111 Palm Springs
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 14,950 24,209 24,642 25,556 25,535 24,782 25,521 25,561 25,490 30,826 26,490 23,366 24,240 17,636 20,155 20,282 20,402 28,122 28,125 17,047 20,216 19,703 28,568 28,168 20,472 23,764 21,219 25,115 24,521 25,065 24,098 16,877 20,017 28,236 27,962 28,746 24,357 20,131 18,822 20,163 20,891 28,089 16,253 17,359 25,984 Total Square Feet 20,768 32,425 33,998 33,930 33,831 33,280 33,863 33,916 33,817 40,312 34,736 33,914 32,848 29,771 32,666 33,180 34,747 42,683 43,786 28,409 32,705 33,205 42,521 42,363 32,104 38,970 33,718 38,698 33,862 34,215 33,044 27,713 32,973 44,006 45,463 44,621 39,402 32,416 31,318 30,572 32,404 42,681 20,745 21,954 34,091 Grand Opening Date 12/9/2004 2/10/2005 2/17/2005 5/25/2006 10/13/2005 11/11/2004 9/29/2005 9/22/2005 11/10/2005 5/16/2113 11/16/2006 10/8/2004 10/9/2003 3/29/1999 2/28/1997 5/6/1996 5/20/1996 3/13/1996 11/18/1996 10/27/1997 9/22/1997 11/10/1997 11/18/1996 11/18/1996 11/17/1997 11/25/1996 5/25/1995 9/22/1995 1/20/2005 7/8/2004 8/22/2002 11/7/1997 10/28/1996 3/1/1996 10/7/1996 3/1/1996 11/18/1996 5/16/1997 2/27/1998 11/6/2000 9/9/1996 2/18/1996 11/3/2005 2/9/2006 2/23/2006
Location Number 3584 3586 3587 3588 3589 3590 3591 3592 3595 3597 3599 3601 3602 3603 3606 3607 3608 3611 3613 3614 3615 3616 3617 3618 3619 3621 3622 3624 3625 3626 3627 3628 3629 3630 3631 3632 3633 3634 3635 3638 3639 3640 3641 3645 3648
Location Name New Braunfels Santa Margarita Bethlehem Southpark Meadows Southaven Meriden Warrington Colony Place Waterford Lakes Apex South Bay Center North Attleboro Millbury Ann Arbor Ss Lakeside Roseville Novi Taylor Ss Westland Ss Sawmill Ss Easton Ss Brice Ss Century Ss Wilkins Ss Ross Park Ss Evansville Field-Ertel Ss North Town Ss Schererville Niles Arundel Mills Frederick Ss Boardman Ss Saginaw Flint Walker Kentwood Ss Portage Ss West Lansing Ss Hagerstown Oyster Point Greenbrier Ss Keene Laredo Augusta Marketplace
Address
City
State TX CA PA TX MS CT PA MA FL NC MA MA MA MI MI MI MI MI MI OH OH OH PA PA PA IN OH MN IN OH MD MD OH MI MI MI MI MI MI MD VA VA NH TX ME
Zip 78130 92688 18045 78748 38671 06450 18976 02360 32828 27502 02125 02760 01527 48104 48316 48066 48377 48180 48185 43235 43230 43068 15122 15235 15237 47715 45249 55433 46375 44484 21076 21701 44512 48604 48507 49544 49512 49002 48917 21740 23602 23320 03431 78041 04330
Advertising Market San Antonio Los Angeles Allentown Austin Memphis Hartford Philadelphia Boston Orlando Raleigh Boston Providence Boston Detroit - Ann Arbor Detroit Detroit Detroit Detroit Detroit Columbus, OH Columbus, OH Columbus, OH Pittsburgh Pittsburgh Pittsburgh Evansville Cincinnati Minneapolis Chicago - IN Youngstown Baltimore Washington Youngstown Flint - Saginaw Flint Grand Rapids Grand Rapids Grand Rapids - Portag Lansing Hagerstown Hampton Norfolk Portsmouth Laredo Portland ME - Augusta
1286 Interstate Highway 35 San Antonio 30491 Avenida De Las Flore Los Angeles 4413 Birkland Place Philadelphia Austin 9600 South Interstate Highw 6680 Southcrest Parkway Memphis 495 Chamberlain Highway Hartford 1015 Main Street Philadelphia 228 Colony Place Boston 400 North Alafaya Trail Orlando 1591 Beaver Creek CommonRaleigh 8B Allstate Road Boston 1360 South Washington StreProvidence 70 Worcester Providence Pk Boston 3547 Washtenaw Avenue Detroit 14105 Hall Road Detroit Detroit 20550 13 Mile Road 43525 West Oaks Drive Detroit 23351 Eureka Road Detroit 36300 Warren Road Detroit 2582 Sawmill Place Blvd. Columbus Oh 4056 Morse Road Columbus Oh 2885 Gender Road Columbus Oh 9931 Mountain View Drive Pittsburgh 3475 William Penn Highway Pittsburgh 7219 Mcknight Road Pittsburgh 225 North Burkhardt Road Evansville Cincinnati 12130 Royal Point Drive 20 Coon Rapids Boulevard Minneapolis 707 Us Highway 41 Chicago 2380 Niles-Cortland Road S/Youngstown 7667 Arundel Mills Boulevar Baltimore 5606 Buckeystown Pike Washington 7230 Market Street Youngstown 2970 Tittabawassee Road Flint 4071 Miller Road Flint 3410 Alpine Avenue Grand Rapids 4600 28Th Street Se Grand Rapids 6026 Westnedge Avenue Grand Rapids 5501 West Saginaw Hwy. Lansing Washington 17766 Garland Groh Bouleva 12140 Jefferson Avenue Norfolk 1589 Crossways Boulevard Norfolk 41 Ashbrook Road Boston 5300 San Dario, Suite 2205 Laredo 90 Stephen King Drive, Suit Portland-Auburn
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 27,979 16,912 22,644 21,621 19,171 17,512 17,354 20,422 21,192 26,622 20,205 14,891 14,966 25,810 12,471 17,231 22,524 28,892 20,562 20,758 21,019 20,494 20,665 17,216 29,150 16,808 24,255 26,261 21,024 21,949 27,184 17,278 17,600 9,754 17,113 22,791 19,880 20,076 17,206 25,031 11,308 23,848 19,870 20,423 17,059 Total Square Feet 45,487 23,954 39,141 31,660 34,405 29,490 30,294 37,327 32,582 45,659 32,451 21,323 20,590 50,447 24,676 28,343 41,454 50,004 33,600 32,845 32,206 33,650 33,556 27,942 43,291 22,438 45,761 37,705 32,841 32,321 45,042 27,924 28,527 16,916 27,827 32,735 32,423 32,801 27,660 33,841 19,239 39,078 32,969 33,486 23,292 Grand Opening Date 9/30/1996 7/25/2008 11/17/1997 10/24/2002 10/13/1997 4/12/1999 8/8/1997 11/16/1998 11/22/1999 8/15/1997 11/17/1997 8/11/2005 10/13/2005 10/19/1998 7/18/2002 8/1/1997 11/23/1998 9/8/1997 2/22/1999 11/1/1999 8/27/1999 11/23/1998 2/27/1998 8/3/1998 11/28/1997 3/7/2000 6/22/1998 10/9/2003 11/23/1998 10/24/2002 11/17/1997 5/25/1998 2/22/1999 5/17/1999 11/17/1997 11/17/2000 9/21/1998 2/24/1997 11/2/1998 10/21/2004 2/28/1997 2/24/1997 11/11/1996 9/8/1997 1/3/2008
Location Number 3654 3659 3662 3663 3664 3666 3668 3669 3670 3672 3674 3675 3677 3679 3680 3682 3684 3686 3687 3688 3689 3690 3691 3692 3693 3694 3695 3696 3697 3698 3699 3700 3701 3702 3705 3706 3707 3708 3710 3711 3713 3720 3721 3724 3725
Location Name Appleton Leesburg Trumbull Gateway Atlantic Center Parkersburg Danbury East Brunswick Eatontown Westbury Hicksville Ss Greeley Lady Lake Union Square 80Th & Broadway Middletown Ss Paramus Rego Park/Queens Ledgewood Bergen Somerville Norwalk Staten Island Ss Bricktown Ss Union Nj Ss Valley Stream Wayne White Plains Whitestone Woodbridge Yonkers Cortlandt Fort Wayne Terre Haute Spring Meadows Harrisburg East Lancaster York Robinson Muskegon Holland Micro Mechanicsburg Sterling Ss Saugus Dover
Address
City
State WI VA CT NY NY WV CT NJ NJ NY NY CO FL NY NY NY NJ NY NJ NJ NJ CT NY NJ NJ NY NJ NY NY NJ NY NY IN IN OH PA PA PA PA MI MI PA VA MA DE
Zip 54915 20176 06611 11239 11217 26105 06811 08816 07724 11590 11801 80634 32159 10003 10024 10940 07652 11374 07852 07047 08807 06854 10314 08723 07083 11581 07470 10601 11356 07095 10710 10567 46805 47802 43528 17112 17603 17402 15275 49444 49424 17055 20164 01906 19901
Advertising Market Green Bay - Appleton Washington New York Metro New York Metro New York Metro Parkersburg Danbury New Jersey New Jersey New York Metro - LI New York Metro - LI Fort Collins Orlando New York Metro New York Metro New York Metro New Jersey - Bergen New York Metro New Jersey New Jersey - Bergen New Jersey Norwalk New York Metro New Jersey New Jersey New York Metro - LI New Jersey New York Metro New York Metro - LI New Jersey New York Metro New York Metro Fort Wayne Terre Haute Toledo Harrisburg, PA Lancaster, PA York Pittsburgh Grand Rapids - Muske Grand Rapids Harrisburg, PA Washington Boston Wilmington, DE
4635 West College Avenue Greenbay/Appleton 536 Fort Evans Road Ne Washington 5065 Main Street New York Metro 369 Gateway Drive New York Metro 625 Atlantic Avenue New York Metro 605 Grand Central Ave. (Rt. Clarksburg 110 Federal Road New York Metro 327 Route 18 New York Metro 90 State Highway, Route 36 New York Metro 1504 Old Country Road New York Metro 217 Bethpage Road New York Metro 4759 29Th Street, Suite B Denver 630 U.S. Highway 441 Orlando 52 East 14Th Street, #64 New York Metro 2232 Broadway Street New York Metro 109 Dunning Road New York Metro 240 Route 17 North New York Metro 9605 Queens Boulevard New York Metro 461 Route 10, Suite 28 New York Metro 3129 Kennedy Boulevard New York Metro 711 State Route 28 West New York Metro 444 Connecticut Avenue New York Metro 2505-2535 Richmond AvenuNew York Metro 550 Route 70 New York Metro 2700A Route 22 East New York Metro 650 West Sunrise Highway New York Metro 519 Route 46 New York Metro 5 City Place New York Metro 136-03 20Th Avenue New York Metro 479 Green Street New York Metro 750 Central Park Avenue New York Metro 2990 East Main Street New York Metro 291 E. Coliseum Boulevard Fort Wayne In Terre Haute In 4233 South Us 41 Toledo 6645 Airport Highway 5125 Jonestown Road Harrisburg 1700 Fruitville Pike Harrisburg 2980 Whiteford Road Harrisburg 11A Chuvet Drive Pittsburgh 5725 Harvey Street Grand Rapids 12635 Felch Street, Suite 20Grand Rapids 5800 Carlisle Pike Harrisburg Washington 46301 Potomac Run Plaza, # 607 Broadway; Route 1 Sou Boston 1350 Dupont Highway Philadelphia
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 25,460 17,227 9,720 20,196 15,280 18,831 32,422 17,507 9,708 29,811 17,761 25,007 30,726 9,749 23,114 23,465 23,308 23,130 23,327 22,756 23,279 25,000 20,477 24,859 24,769 24,062 23,172 23,453 23,263 19,724 20,631 15,517 15,502 15,739 17,583 23,693 24,134 24,450 24,126 24,675 16,682 25,882 15,271 24,142 24,130 Total Square Feet 55,748 27,927 16,881 31,984 20,451 28,853 40,810 28,442 16,915 36,800 28,242 33,862 39,778 16,932 32,284 34,620 32,883 33,996 40,302 34,610 32,637 30,157 30,761 33,276 32,098 32,959 32,569 32,774 32,876 26,669 26,736 19,840 21,747 22,124 22,906 30,266 30,223 30,257 30,224 30,099 21,600 32,798 20,430 30,220 30,235 Grand Opening Date 5/2/2113 11/17/1997 5/24/1999 11/10/1997 10/20/2005 8/24/2006 8/8/2113 11/1/1999 5/24/1999 9/15/2006 10/18/1999 10/21/2004 11/14/2113 10/4/1999 2/26/2001 11/17/2000 10/10/2002 8/9/2001 11/17/2000 2/26/2001 11/13/2000 8/1/2008 11/13/2000 10/28/2004 2/22/2007 11/6/2003 11/12/2001 10/29/2001 11/5/2001 6/27/2008 3/6/2008 7/5/2007 8/8/2008 6/27/2008 9/5/2008 8/17/2007 2/7/2008 10/3/2007 11/2/2007 12/13/2007 10/4/2007 1/17/2008 2/14/2008 12/7/2007 1/17/2008
Location Number 3731 3732 3733 3734 3735 3736 3738 3740 3742 3743 3744 3746 3748 3750 3752 3754 3764 3767 3768 3769 3770 3771 3774 3776 3779 3780 3783 3792 3797 3810 3815 3830 3831 3832 3844 3845 3846 3847 3848 3849 3850 3851 3852 3853 3854
Location Name Bay Ridge Williston Steubenville Franklin Park Ss Tyson'S Corner West Puyallup Vineland Bangor Clarksburg Maple Grove Erie Johnstown Yuma Las Palimillas St Clairsville Va Center Commons Kennewick Phillipsburg Brentwood Ss Leominster Concord Taunton Folsom Decatur Brighton Enfield Hamburg Plymouth Meeting Mchenry Grandville Market Harlingen Katy Mills Glynn Isles Market Square Township Market Fairfax Towne Center Deptford East Chase Midtown Village Boranda Norridge Commons Promenade Madison Heights Keizer Station Target Center Parkdale
Address
City
State NY VT OH OH VA WA NJ ME WV MN PA PA AZ OH VA WA NJ MO MA NH MA CA IL MI CT KY PA IL MI TX TX GA NY PA VA NJ AL AL CA IL IL MI OR TN TX
Zip 11209 05495 43952 43623 22182 98373 08332 04401 26301 55369 16509 15904 85365 43950 23059 99352 08865 63144 01453 03301 02780 95630 62526 48116 06082 40509 19428 60050 49418 78552 77494 31525 14623 15061 22033 08096 36117 35401 93907 60706 60440 48071 97303 37918 77706
Advertising Market New York Metro Burlington Steubenville Toledo Washington Seattle Atlantic City Bangor Clarksburg Minneapolis Erie Johnstown Yuma Wheeling Richmond Kennewick Allentown St. Louis Boston Boston Providence - Taunton Sacramento Decatur Detroit Hartford Lexington Philadelphia Chicago Grand Rapids McAllen Houston Brunswick Rochester NY Pittsburgh Washington Atlantic City - Deptfor Montgomery Tuscaloosa Salinas Chicago Chicago Detroit Portland - Salem Knoxville Beaumont
502-12 86Th Street New York Metro 15 Marshall Avenue Burlington Vt Wheeling 4130 Mall Drive Toledo 4948 Monroe Street 8520-C Leesburg Pike Washington 3500 South Meridian, #760 Seattle 2148 North 2Nd Street Philadelphia 668 Stillwater Avenue Bangor,Me 521 Emily Drive Clarksburg 11481 Fountain Drive Minneapolis 7451 Peach Street Erie 430 Town Centre Drive Johnstown,Pa 1232 South Castle Dome Av Yuma-El Centro 50500 Valley Frontage Road Wheeling 9860 Brook Road Richmond 1430 Tapteal Drive Yakima,Wa New York Metro 1202 New Brunswick Avenue 1585 South Brentwood Boul St Louis 100 Commercial Road Boston 270 Loudon Road Boston 70 Taunton Depot Drive Providence 205 Serpa Drive Sacramento 265 East Ash Avenue Springfield/Champaign 8175 Movie Drive Detroit 136 Elm Street Hartford 2231 Sir Barton Way Street,Lexington 102 Alan Wood Road Philadelphia 2226 North Richmond Road Chicago 4535 Canal Sw Grand Rapids 2020 South Expressway 83 Mcallen-Brownsville 5000 Katy Mills Circle Houston 4990 Atlama Avenue Jacksonville Marketplace Drive & Amelia Rochester 103 Wagner Road Pittsburgh 4110 West Ox Road, Suite 1Washington 2000 Clements Bridge Road Philadelphia 7951 Eastchase Parkway Montgomery 1800 Mcfarland Boulevard S Tuscaloosa 1910 North Davis Road Salinas 7010 Forest Preserve Drive Chicago 639 East Boughton Road Chicago 32399 John R Road Detroit 6035 Ulali Drive Portland Or 4627 Greenway Drive Knoxville 6115 Eastex Freeway Beaumont
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 24,130 25,740 18,451 15,364 23,095 17,733 21,504 15,359 15,171 15,502 15,448 18,907 17,145 25,080 20,025 20,318 19,047 21,541 19,908 19,826 19,943 19,274 22,702 24,853 13,001 13,003 20,018 24,162 31,070 32,746 17,599 23,778 24,130 24,217 23,750 31,206 15,378 23,738 18,318 19,979 23,561 15,497 16,779 15,543 15,890 Total Square Feet 30,220 32,604 24,766 20,574 29,582 23,644 30,815 20,304 20,144 20,331 20,166 31,675 28,025 34,198 32,431 33,115 29,702 34,054 33,166 33,563 34,990 27,069 32,924 33,907 23,210 23,312 33,153 30,242 40,564 41,156 24,803 29,738 30,220 29,764 29,704 41,294 19,939 29,144 25,074 26,638 35,617 20,705 22,246 20,880 20,338 Grand Opening Date 12/7/2007 10/31/2007 2/14/2008 6/13/2008 11/2/2007 8/29/2008 6/13/2008 1/10/2008 7/25/2008 8/8/2008 7/25/2008 6/5/1993 6/30/1997 8/8/2004 2/15/1993 5/24/1993 9/16/1993 5/17/1993 9/16/1993 5/17/1993 4/26/1993 11/26/1993 5/24/1993 10/14/2004 11/19/1993 6/3/1993 5/10/1993 2/28/2008 5/1/2114 5/1/2114 6/13/2008 7/14/2007 2/7/2008 3/1/2007 2/22/2007 3/20/2114 8/9/2007 2/22/2007 6/20/2008 8/22/2008 5/11/2006 6/14/2007 12/6/2007 10/24/2008 8/30/2007
Location Number 3855 3856 3857 3858 3859 3862 3864 3865 3878 3882 3883 4101 4105 4106 4110 4111 4112 4113 4114 4115 4116 4119 4120 4121 4122 4123 4124 4130 4131 4132 4134 4135 4136 4139 4143 4144 4147 4150 4176 4179 4201 4202 4212 4232 4233
Location Name Sun Land Baybrook Deerbrook San Antonio Ashwaubenon Westgate Mall Manhattan Fingerlakes Crossing Brea Harker Heights Williamsport Montgomeryville Ss Dickson City Wilkes Barre Danvers Ss Somerville Ss Burlington Ss Seekonk Ss Cranston Ss Nashua Ss Portsmouth Ss Braintree Ss Salem Ss Natick Ss Hanover Mini Dartmouth Mini Manchester Ss Kissimmee Manteca Turlock Towson Metairie Pine Island Signal Hill Gloucester Chambersburg Hamilton Crossing Pasadena Monrovia Vacaville Melbourne Ss Norfolk Midtown Cypress Lakes Sebring
Address
City
State TX TX TX TX WI MA NY NY CA TX PA PA PA PA MA MA MA MA RI NH NH MA NH MA MA MA NH FL CA CA MD LA FL CA NJ PA TN TX CA CA FL VA NY FL FL
Zip 79912 77598 77338 78216 54304 02301 10023 13021 92821 99999 17756 18936 18519 18702 01923 02145 01803 02771 02920 03062 03801 02184 03079 01760 02339 02747 03103 34741 95337 95380 21286 70002 33909 90755 08081 17201 37701 77505 91016 95687 32904 23502 10175 33901 33872
Advertising Market El Paso Houston Houston San Antonio Green Bay Boston New York Metro Syracuse - Auburn Los Angeles Waco - Killen Williamsport Philadelphia Scranton/Wilkes Scranton/Wilkes Boston Boston Boston Providence Providence Boston Boston Boston Boston Boston Boston Providence Boston Orlando Sacramento Sacramento Baltimore New Orleans Ft. Myers Los Angeles Atlantic City - Deptfor Hagerstown Knoxville Houston Los Angeles San Francisco - Fairfie Melbourne Norfolk New York Metro Naples Tampa
811 Sunland Park El Paso 1001A West Bay Area Boule Houston 20131 Highway 59 N, Suite Houston 14623 Ih 35 North San Antonio 2492 South Oneida Greenbay/Appleton 395 Westgate Drive Boston 1965 Broadway New York Metro 1614 Clark Street Road Syracuse 835 East Birch Street Los Angeles 201 East Central Texas PkwWaco 350 S. Lycoming Mall Road Willamsport 772 Bethlehem Pike Philadelphia 620 Commerce Boulevard Scranton/ Wilkesbarre 3420 Wilkes-Barre TownshipScranton/ Wilkesbarre Boston 4-6 Newbury Street, Route 1 65 Mystic Avenue Boston 84 Middlesex Turnpike Boston 179 West Highland Ave - Rt Providence 140 Hillside Road Providence 224 Daniel Webster Hwy Boston 1700 Woodbury Avenue Boston 250 Granite Street Boston 428 South Broadway Boston 1398 Worcester Street Boston 1775 Washington Street Boston 456 State Road, Route 6 Providence 1100 S. Willow Street Boston 2551 West Osceola Parkway Orlando 2210 Daniels Street Sacramento 2821 Countryside Drive Sacramento 801 Goucher Boulevard Baltimore 3780 Veterans Memorial BouNew Orleans 1843 Pine Island Road, Ne Fort Myers 901 Spring Street Los Angeles 465 Berlin Cross Keys Road Philadelphia 901 Norland Avenue Philadelphia 111 Hamilton Crossing DriveKnoxville 3931 Fairway Plaza Drive Houston 745 West Huntington Drive Los Angeles 130 Nut Tree Parkway Sacramento 1700 West New Haven RoadOrlando 1120 North Military HighwayNorfolk 521 5Th Avenue New York Metro Colonial Square Town Cente Fort Myers 1754 Us 27 North Orlando
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Circuit City Stores, Inc. Exhibit I 567 Store List Selling Square Feet 24,123 17,450 23,694 15,506 15,346 15,885 15,534 15,250 22,750 15,250 19,165 19,052 15,437 23,602 15,691 18,839 23,728 15,234 15,250 16,871 25,520 27,380 21,354 20,518 16,845 46,172 40,594 Total Square Feet 30,491 23,377 30,373 20,548 20,602 20,281 20,198 20,331 20,822 20,207 33,196 30,444 19,879 30,156 20,563 36,660 29,853 20,402 20,331 22,090 33,861 42,782 33,966 32,255 27,774 66,704 66,052 Grand Opening Date 11/15/2007 7/18/2008 9/26/2007 9/13/2007 11/1/2007 9/27/2007 11/15/2007 8/15/2008 10/3/2008 9/12/2008 11/14/1993 11/29/1993 8/9/2007 1/17/2008 2/7/2008 7/25/2008 6/21/2007 3/6/2008 10/3/2008 1/24/2008 6/10/2004 8/28/1995 7/30/1994 8/4/1994 2/24/1997 8/31/2103 8/3/2089
Location Number 4242 4246 4247 4249 4256 4261 4271 4272 4275 4276 4302 4305 4307 4308 4309 4313 4317 4320 4321 4336 4502 4503 4505 4506 4507 4508 4510
Location Name Rossmoor Center Baton Rouge Denton Port Arthur Mt Pleasant Southern Tier Cross Foxboro Amherst Sarasota Port St Lucie Eastridge Burbank Ss Prattville Westbank Alexandria Mall La Habra Power And Barnes Cleveland White Oak Village Torrington Lewisville Ss Northstar Ss Little Rock West Ii North Little Rock Ss Santa Cruz Mini El Paso East Ss Lubbock Ss
Address
City
State CA LA TX TX SC NY MA NH FL FL CA CA AL LA LA CA CO TN VA CT TX TX AR AR CA TX TX
Zip 90740 70815 76205 77640 29464 14845 02035 03031 34241 34945 95122 91502 36066 70058 71301 90631 80922 37312 23231 06790 75057 78216 72211 72116 95065 79936 79424
Advertising Market Los Angeles Baton Rouge Dallas/Ft. Worth Beaumont Charleston Elmira Boston Boston Sarasota Jensen Beach/Stuart San Francisco Los Angeles Montgomery New Orleans Alexandria, LA Los Angeles Colorado Springs Chattanooga - Clevela Richmond Hartford Dallas/Ft. Worth San Antonio Little Rock Little Rock Santa Cruz El Paso Lubbock
12325 Seal Beach BoulevardLos Angeles 9330 Mall Of Louisiana Blvd,Baton Rouge 2315 Colorado Boulevard Dallas/Ft Worth 8725 Memorial Boulevard Beaumont 1501 Johnnie Dobbs BoulevaCharleston 1530 Country Route 64 Binghamton 1 Patriot Place, South Plaza Boston 123 Route 101A Boston Tampa 8551 Cooper Creek Blvd 1763 Nw St. Lucke West Blv West Palm Beach 2217 Quimby Road San Francisco 401 N. 1St Street Los Angeles 2730 Legends Parkway Montgomery 901 Manhattan Boulevard New Orleans 2201 Memorial Drive Alexandria Los Angeles 1020 West Imperial Highway 5904 Barnes Road Colorado Springs 4520 Frontage Road Nw Chattanooga 4531 South Laburnum Ave Richmond 1030 Torringford Street Hartford 715 Hebron Parkway Dallas/Ft Worth 321 Nw, Loop 410 San Antonio Little Rock 110 Markham Park Drive Little Rock 4339 Warden Road 1664 Commercial Way Salinas 1313-D George Deiter Drive El Paso 6701 Slide Street Lubbock
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Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service !$CH:$CH 1 25 1 1 2 1 3 0 3 1 2 2 6 2 2 0 1 3 0 1 1 2 1 4 1 1 10 3 0 1 1 1 Contract Alarm Cleaning Misc. Occ Monitoring CAM !$CI:$CI !$CK:$CK !$CL:$CL !$CM:$CM 66 4 214 94 27 4 72 72 7 66 33 4 80 4 148 66 2 75 74 20 4 298 77 4 230 83 12 5 67 212 149 1 555 66 43 4 24 67 4 4 88 70 27 4 70 37 4 19 86 3 4 101 64 2 2 110 86 3 128 79 9 5 18 87 50 4 54 34 4 81 23 5 62 5 142 69 37 5 92 2 5 95 75 4 417 64 1 4 135 63 13 4 122 67 2 4 78 70 43 4 74 6 292 66 5 147 70 1 5 432 84 2 4 320 82 2 4 58 64 4 108 77 4 68 62 4 237 70 4 153 70 2 207 72 1 1 118 73 5 52 68 4 124 70 6 290 60 4 259 66 4 171 56 4 103 60 5 73 55 36 3 75 2 222 57 3 94 67 2 4 113 73 3 2 124 69 4 150 55 2 33 54 45 1 54 3 162 66 1 3 278 54 1 98 51 6 4 92 65 34 6 3 68 5 99 57 4 133 59 2 4 260 63 5 97 63 39 3 23 65 4 109 58 1 4 108 75 47 4 69 5 105 40 2 51 59 5 40 66 2 123 70 2 5 46 68 65 4 DRAFT - Subject to Change Privileged and Confidential
Loc # Location Name 230 231 232 233 234 237 239 240 241 242 249 250 251 252 253 270 271 272 401 403 404 405 406 407 408 409 410 411 414 416 417 419 420 421 423 424 425 427 428 429 432 433 434 443 446 450 505 506 508 509 516 518 519 522 530 532 533 535 538 541 542 543 544 545 546 569 570 571 576 589 593 597 598 700 Almaden Plaza Stevens Creek Ss San Mateo Ss Sunnyvale Hayward Ss Santa Rosa Ss Modesto Ss Emeryville Ss Stockton Ss Van Ness Ss Moreno Valley Ss Elk Grove Citrus Heights Ss Arden Way Ss Daly City Ss Las Vegas I Ss Reno Ss Las Vegas Ii Ss Hollywood Ss Santa Monica Torrance Ss Buena Park Ss Pasadena Ss Orange Ss Lakewood Ss San Bernardino Ss Northridge Ss Palmdale Ss Laguna Hills Ss Huntington Beach Ss Montclair Ss Woodland Hills Ss West Covina Ss Van Nuys Ss Fresno Ss Bakersfield Ss Montebello Ss Norwalk Ss La Cienega Ss Ventura Ss National City Ss Grossmont Ss Point Loma Ss Clairemont Ss Palos Verdes Ss Victorville Mini Fairview Heights Ss St Peters Ss Irving Ss Valley View Ss Highland Ss Pembroke Pines Atlantic City Ss Two Notch Ss South County Ss Chesterfield Commons St Louis Mills Mall Gravois Bluff Almeda Ss West Oaks Ss Willowbrook Ss Plano Ss S Arlington Ss Hulen Ss Mesquite Ss Cedar Hill Ss Savannah Ss Brandon Ss Reading Ss Hickory Ss Chesapeake Mini Great Hills Ss Sunset Valley Ss Cottman Ss
Rent 1,651 233 2,395 2,313 1,725 1,561 1,208 852 2,198 1,527 1,633 2,546 1,169 1,237 1,874 851 1,981 2,383 2,901 1,447 639 346 1,110 1,731 1,965 1,497 2,291 2,589 984 2,557 1,127 460 557 1,133 1,084 841 913 1,439 1,319 2,199 1,551 1,151 1,725 1,412 681 1,697 1,431 1,505 1,303 1,343 1,515 1,096 705 1,267 1,394 1,469 915 622 1,581 1,510 1,665 1,028 1,603 1,246 1,582 965 728 1,262 1,018 1,314 775 1,651
Utilities !$CG:$CG 232 457 229 358 298 258 279 376 286 275 409 275 404 311 333 243 427 239 213 351 332 460 424 298 411 486 320 402 507 262 410 300 450 201 485 294 394 339 191 283 291 354 307 263 357 359 237 162 241 299 236 412 315 257 141 172 166 164 235 466 325 476 288 260 426 326 243 346 209 131 196 77 215 327
Building Maint/ Repairs 83 127 94 76 66 90 107 434 45 132 52 79 76 51 285 74 74 146 188 125 63 77 74 158 44 135 78 124 64 87 147 117 54 81 108 140 91 48 87 78 54 85 73 123 63 82 89 88 94 93 67 149 159 71 93 45 69 97 53 194 142 99 123 65 45 67 144 115 331 48 56 70 107 77
TSS IBM Insurance Real Estate Personal Maint Exp General Licenses Tax Property Tax !$CQ:$CQ !$CX:$CX !$CY:$CY !$CZ:$CZ !$DA:$DA 98 72 7 202 17 102 81 7 240 13 89 60 25 101 7 86 64 6 60 23 91 65 15 380 21 87 87 10 69 12 90 69 53 115 23 86 64 49 320 20 87 59 38 108 10 90 63 137 47 92 68 28 187 91 84 1 125 15 89 75 0 206 18 88 75 144 5 94 73 66 195 12 90 35 23 185 25 86 53 40 204 16 91 61 28 97 5 89 69 81 447 3 88 61 121 195 27 88 80 102 337 33 89 62 5 284 20 93 82 3 84 26 88 51 8 61 6 91 70 10 193 20 89 80 67 160 39 88 65 87 118 24 90 86 2 264 27 85 84 1 326 30 93 70 2 564 26 89 65 14 118 52 88 72 87 228 30 91 67 14 98 20 88 69 88 131 17 87 115 53 116 20 88 78 8 146 4 92 87 26 215 34 89 52 6 134 6 88 60 61 104 9 89 73 30 232 28 88 80 6 73 10 87 83 3 157 21 89 60 3 169 8 86 72 2 115 7 87 61 12 113 14 91 88 3 157 31 88 41 0 106 88 33 0 502 26 88 40 0 134 123 88 54 1 688 113 89 37 71 453 90 45 81 369 9 90 47 1 293 80 36 42 201 13 81 50 142 7 82 29 7 273 25 83 25 14 381 42 85 27 189 15 84 25 330 56 84 32 1 181 59 88 60 3 213 109 85 50 332 73 83 49 281 127 81 30 341 74 82 50 314 160 83 27 2 352 122 84 60 28 236 131 73 41 1 172 23 82 49 69 224 75 26 19 111 2 74 28 70 80 23 83 46 687 94 82 37 117 63 83 42 139 316 -
Total 2,644 1,152 989 3,171 3,482 2,481 2,694 2,868 1,678 3,859 973 2,362 2,604 3,351 2,422 2,093 2,992 1,633 3,212 3,444 4,048 2,653 1,538 1,211 2,446 2,996 2,946 2,642 3,505 4,064 2,098 3,987 2,330 1,284 1,718 2,042 2,327 1,743 1,791 2,444 2,052 3,183 2,624 2,144 2,673 2,386 1,381 2,690 2,452 2,997 2,445 2,700 2,649 1,886 1,319 2,120 2,521 2,199 1,861 1,748 2,696 2,820 2,942 2,044 2,808 2,403 2,680 1,862 1,871 1,768 1,648 2,561 1,517 2,774
1/16/2009 9:28 AM Page 1 of 8
Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service 1 2 1 1 1 1 1 27 2 0 0 2 1 0 3 0 1 2 1 6 43 0 3 0 1 11 1 0 1 3 1 0 13 Contract Cleaning 67 64 58 61 67 51 58 59 63 61 58 71 61 58 57 62 57 56 65 58 75 64 70 64 64 70 69 71 70 59 61 58 61 71 76 64 45 69 62 59 64 68 74 72 70 76 65 65 78 58 52 75 53 54 61 68 63 66 56 57 76 54 67 62 74 72 64 60 97 74 62 71 59 59 Alarm Monitoring 4 4 5 5 5 4 4 4 5 5 4 4 4 5 4 4 4 5 4 4 9 4 3 5 3 4 4 1 4 4 4 4 5 4 5 5 5 4 2 4 5 2 4 4 4 6 4 5 7 4 5 4 4 4 4 4 4 5 5 4 4 4 5 4 4 5 3 2 4 4 5 1 4 4 Building Maint/ Repairs 84 139 112 102 57 175 167 100 130 99 113 96 138 99 84 340 63 103 84 99 153 156 98 102 65 144 110 111 83 133 97 66 94 81 144 96 305 198 99 120 45 63 92 144 287 78 85 136 235 117 65 84 132 77 90 126 106 89 93 82 95 283 86 96 89 65 238 97 97 123 84 136 62 102 TSS IBM Maint Exp 78 82 81 89 84 84 81 77 74 73 82 71 82 71 72 77 76 83 74 81 77 75 75 82 85 70 75 76 72 76 74 75 72 77 88 74 81 73 74 74 84 74 88 84 84 85 84 70 75 85 84 74 72 83 72 74 75 73 73 83 71 87 73 75 86 81 88 72 84 82 72 75 87 81 Insurance General 43 45 36 56 31 40 45 46 46 39 40 40 75 29 49 83 46 32 42 54 49 68 31 36 53 30 48 34 37 42 33 33 30 43 48 63 55 58 42 72 43 34 50 35 51 45 34 47 37 58 37 45 45 28 68 48 42 38 51 36 38 32 31 45 40 47 39 52 22 33 43 45 62 40 Real Estate Tax 90 216 111 404 208 84 103 136 274 122 99 240 155 89 131 122 89 122 232 388 287 275 171 126 123 80 135 264 162 203 189 99 85 257 395 92 277 64 112 76 102 179 297 185 352 357 181 271 104 126 399 309 46 100 120 91 337 139 56 229 135 128 165 64 244 193 36 114 84 81 98 48 87 258 Personal Property Tax 54 65 73 22 23 20 60 12 8 29 4 70 21 11 47 18 29 7 16 15 20 24 21 23 25 15 5 10 12 9 21 6 6 14 31 11 3 19 18 21 24 10 10 41 19 11 20 50 55 9 44 16 24 37 11 16 18 6 32 15 34 53 48 5 4 67 111
Loc # 704 711 725 734 743 759 762 766 784 785 800 802 805 814 815 817 820 823 824 827 828 830 831 832 835 836 837 838 839 840 843 845 846 848 849 850 851 852 854 855 856 857 859 861 862 863 865 866 867 868 871 876 877 878 888 890 891 892 894 896 897 910 913 921 922 949 1600 1601 1602 1603 1607 1608 1609 1610
Location Name Waldorf Ss Valley Forge State Road Ss Cherry Hill Ss Willow Grove Barboursville Cc Charleston Daytona Ss Wheaton Ss Annapolis Cc Augusta Ss Springfield Ss Chesterfield Potomac Mills Ss Knoxville Ss Va Beach Ss Greensboro Ss Spartanburg Ss Largo Ss Hoover Ss New Tampa Ss Winston Salem Ss Gastonia Ss Pensacola Ss Roanoke Ss Glen Burnie Ss Orlando South Ss Orlando Central Ss Orlando North Ss Raleigh Ss Rivergate Independence Gaithersburg Ss North Ft Lauderdale Dadeland Ss Durham Ss Chattanooga Ss Fayetteville Ss Route 40 West Ss Huntsville Ss Mobile Ss Dale Mabry Ss Aventura Ss Hialeah Ss W Palm Beach Ss Coral Springs Greenville Ss Rockville Ss Lakeland Ss Charleston Ss The Commons Ss St Petersburg Ss St Matthews Ss Florence Ss South Blvd Ccss Bailey'S Xroads Ss Clearwater Ss Atlantic Blvd Ss Dixie Hwy Ss Columbia Ss Bradenton Ss Tri-County Ss Port Richey Ss Asheville Ss Fort Myers Ss Allentown Ss Harrisonburg Ms Fredericksburg Ss Tyler Micro Longview Micro Jacksonville Nc Wilmington Mini Winchester Micro Waco
Rent 976 2,121 770 1,834 1,855 1,096 1,170 1,176 1,761 1,352 1,080 1,844 642 1,123 623 1,312 1,404 678 1,340 1,552 1,533 1,465 1,596 820 1,402 574 1,386 1,621 1,122 1,322 1,338 2,023 1,514 2,531 2,583 906 1,609 2,030 1,488 1,361 1,034 2,455 973 1,215 1,944 1,624 1,034 2,007 893 1,010 1,241 1,577 1,695 463 1,391 1,974 2,022 1,485 1,012 979 1,613 900 1,066 1,098 1,424 1,232 1,446 629 601 937 774 1,538 830
Utilities 286 445 259 440 295 195 178 400 440 438 294 230 297 199 184 233 144 227 426 268 328 233 181 272 139 363 291 360 303 257 212 177 443 438 345 214 309 236 362 250 240 248 335 309 520 460 243 413 351 262 250 383 192 170 194 213 489 292 162 230 262 238 291 200 325 193 209 192 211 104 208 177 150 334
Misc. Occ 2 1 40 1 5 55 2 26 13 40 0 2 2 1 26 1 77 69 1 2 6 6 1 71 3 1 3 34 29 50 6 1 125 1 51 20 24 2 12
CAM 125 145 163 182 71 52 72 52 268 153 49 48 188 100 160 41 137 114 160 49 60 148 177 267 126 97 159 196 799 88 123 74 100 10 172 171 197 103 199 76 72 101 68 38 128 240 94 62 133 51 109 60 206 71 38 53 93 84
Licenses 5 83 2 76 175 303 11 5 5 8 92 123 66 163 161 6 68 5 103 24 2 1 3 125 5 2 16 1 42 61 5 5 2 5 0 180 19 5 137 30 23 18 31 20 3 61 5 4 66 145 28 17 26 24 114 24 5 37 1 59 1 36 26 114 108 129 15 23 159 -
Total 1,815 3,262 1,678 3,176 2,750 2,062 2,254 2,083 3,094 2,369 1,890 2,749 1,641 1,956 1,475 2,491 2,070 1,427 2,485 2,740 2,725 2,362 2,283 1,578 2,139 1,513 2,320 2,848 2,007 2,178 2,171 2,709 2,321 3,711 4,509 1,611 2,997 2,849 2,388 2,239 1,752 3,179 2,130 2,273 3,428 2,940 1,909 3,273 1,880 1,860 2,389 2,672 2,343 1,094 2,162 2,999 3,207 2,310 583 1,842 1,811 2,555 1,748 1,715 2,225 2,320 2,103 2,235 1,336 1,213 1,549 1,377 2,370 1,913
DRAFT - Subject to Change Privileged and Confidential
1/16/2009 9:28 AM Page 2 of 8
Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service 4 4 15 0 2 11 133 1 11 0 1 3 0 0 2 5 1 1 0 0 0 5 8 Contract Cleaning 58 58 64 65 58 77 59 59 58 73 61 58 63 80 88 57 82 51 55 64 51 64 62 59 59 54 59 61 68 73 68 71 66 60 58 93 144 82 87 84 68 82 69 54 61 56 76 59 64 86 57 65 63 58 71 54 54 64 80 56 62 57 57 56 70 56 49 53 67 85 60 54 65 71 Alarm Monitoring 4 4 4 2 4 4 4 4 4 4 4 4 3 4 5 4 4 5 4 6 4 5 5 5 4 4 5 5 4 5 4 5 5 5 5 4 4 2 4 1 4 4 6 3 4 4 4 4 4 4 3 4 4 6 5 5 5 4 4 3 5 4 4 3 5 3 4 3 4 4 4 5 5 4 Building Maint/ Repairs 68 71 78 87 81 53 85 86 88 122 73 59 139 69 127 117 59 124 161 163 102 71 71 116 113 340 63 93 104 122 59 81 86 102 105 145 190 62 246 191 99 201 73 77 81 77 192 80 129 83 87 109 123 104 43 118 232 91 109 82 84 88 110 136 68 48 247 72 23 179 107 82 67 72 TSS IBM Maint Exp 82 85 86 80 84 81 72 86 83 81 83 86 93 90 83 65 82 84 81 84 82 89 82 84 83 86 85 80 84 84 83 84 84 83 83 83 81 83 80 85 81 86 83 84 83 86 86 83 85 83 81 82 74 84 82 82 84 84 83 83 85 84 84 85 83 85 88 82 84 84 83 86 72 72 Insurance General 71 26 76 39 27 27 23 54 40 40 35 46 47 52 45 51 54 40 36 48 30 32 35 40 66 58 29 42 34 33 30 37 33 35 45 55 53 31 52 53 66 44 57 47 47 36 36 72 85 39 64 47 31 51 37 49 46 51 53 32 46 28 50 35 43 43 31 30 28 57 45 51 40 38 Real Estate Tax 135 149 148 130 132 36 69 136 8 76 154 127 83 176 281 129 276 686 87 773 371 195 270 160 265 276 62 441 262 166 285 435 381 391 299 296 436 82 194 293 505 164 995 222 214 191 357 97 110 393 642 139 83 108 97 244 262 301 282 128 310 339 219 248 152 64 168 153 163 548 349 157 112 48 Personal Property Tax 12 11 11 65 8 3 5 65 75 71 5 9 31 17 16 15 4 2 99 25 12 5 5 2 4 36 102 5 15
Loc # 1614 1616 1618 1624 1627 1638 1645 1681 1683 1687 1693 1695 3100 3103 3104 3106 3108 3111 3112 3113 3120 3121 3125 3126 3127 3128 3129 3131 3133 3134 3135 3136 3137 3139 3140 3141 3142 3143 3144 3146 3147 3149 3150 3151 3152 3153 3154 3157 3158 3159 3160 3164 3166 3167 3168 3169 3170 3175 3176 3177 3184 3185 3186 3187 3189 3192 3193 3194 3196 3197 3198 3200 3202 3203
Location Name Redding Mini Anderson Sc Mini Monterey Mini College Station Micr Florence Cheyenne Salisbury Nc Albany Altoona Houma State College Victor West Broad Ss Oxford Valley Ss Lawrenceville Ss Southpark South Portland Me Schaumburg Ss Downers Grove Ss Ford City Ss Berwyn Ss Naperville Ss Bloomingdale Ss Orland Hills Ss Gurnee Mills Merrillville Ss Algonquin Lincoln Park Ss Burnsville Ss Rosedale Ss Woodbury Mini Southdale Ss Maplewood Ss Ridgedale Ss St Cloud Ss Newington Buckland Hills Milford/Orange North Haven E Springfield Ss Binghamton Ss Utica Mini Carousel Center Cheektowaga Ss Amherst Ss Hamburg Micro Greece Ss Christiana Wilmington/Concord Holyoke Ss Albany 1 Ss Salisbury Mini Bel Air Ss Peoria/Westlake Ss Bloomington Mini Springfield Il Ss Champaign/Urbana Ss Brookfield Ss Southridge Racine West Madison I East Madison Ii Mishawaka Canton Ss Dayton Mall Ss Greenwood Castleton Ss Columbus Beaver Ss Oh Poughkeepsie Ss Rockford Ss Columbus Ss Gainesville Ss Sarasota Ss
Rent 1,288 881 1,222 748 1,233 556 692 1,014 956 766 1,401 1,374 895 1,338 3,113 1,372 1,536 1,438 1,644 1,333 850 1,087 355 942 1,698 1,016 1,401 1,350 575 753 1,008 1,509 971 1,379 757 2,155 1,598 1,985 1,138 1,354 1,406 521 1,364 2,391 1,177 611 827 1,755 1,668 1,714 1,682 826 1,175 656 897 1,281 1,302 1,724 1,445 1,663 1,516 1,269 910 1,056 434 1,157 1,256 1,101 1,372 1,768 1,424 1,236 597 1,591
Utilities 278 157 370 193 261 150 126 185 138 151 182 196 176 434 355 204 290 230 314 297 298 158 216 266 286 277 208 60 276 238 214 270 228 234 215 546 586 453 501 446 362 329 386 370 548 224 282 351 365 286 400 350 362 278 212 403 349 195 348 238 286 337 242 210 249 160 205 168 198 422 261 292 322 306
Misc. Occ 21 3 27 48 38 7 68 103 41 79 68 3 3 1 41 1 1 0 54 1 107 30 5 79 48 1 84 1 59 17 8 1 43 45 55 51 0 13 41 0 4 59 1 33 61
CAM 17 54 45 16 27 15 85 144 79 74 98 99 92 119 111 298 10 126 308 213 116 133 128 87 65 136 160 232 86 457 262 151 206 74 196 132 123 317 76 73 6 133 49 110 75 58 68 72 62 83 9 1
Licenses 1 50 61 8 14 3 132 108 2 109 1 1 0 2 0 5 3 25 1 1 1 1 1 1 1 0 0 1 1 1 1 2 1 628 592 0 5 5 0 0 0 1 1 57 52 43 217 3 1
Total 2,016 1,511 2,176 1,458 1,915 1,034 1,159 1,730 1,414 1,418 2,078 2,094 1,785 2,429 4,202 2,155 2,472 2,745 2,451 3,004 1,893 1,793 1,215 1,788 2,875 2,162 2,040 2,477 1,621 1,592 1,884 2,621 1,907 2,376 1,632 3,515 3,279 2,961 2,397 2,559 2,824 1,518 3,488 3,513 2,369 1,370 2,066 3,203 3,163 2,886 3,148 1,749 2,069 1,662 1,529 2,309 2,383 2,661 2,454 2,339 2,450 2,259 1,787 1,977 1,196 1,672 2,116 1,701 2,053 3,205 2,399 2,373 1,330 2,281
DRAFT - Subject to Change Privileged and Confidential
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Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service 2 3 5 26 1 1 1 3 1 0 6 1 1 2 1 0 0 3 0 2 1 0 Contract Cleaning 82 67 67 78 55 61 50 57 58 60 75 68 56 65 63 73 54 61 61 47 53 55 77 60 62 65 64 55 71 65 58 73 73 56 50 56 64 91 52 65 60 63 67 64 68 59 60 79 69 63 75 64 70 70 90 64 76 78 64 72 66 64 71 60 58 78 66 57 62 67 57 60 59 63 Alarm Monitoring 5 2 5 6 4 4 4 4 4 4 4 5 4 5 4 4 4 4 4 4 5 4 4 4 5 4 4 4 4 3 5 5 4 4 4 4 4 4 4 4 5 4 5 4 4 4 4 5 1 6 4 5 4 5 15 5 5 6 4 5 4 4 4 4 4 4 3 5 5 2 5 5 4 4 Building Maint/ Repairs 172 54 593 203 98 136 97 104 122 55 118 71 97 252 51 100 67 77 58 47 63 60 134 53 175 86 109 57 76 72 64 114 164 76 125 56 120 118 19 144 88 88 96 36 156 57 97 74 93 97 79 105 60 92 77 40 93 147 59 73 69 107 103 110 83 82 72 147 155 52 103 154 167 189 TSS IBM Maint Exp 86 92 83 87 85 81 86 81 81 71 76 84 76 87 76 86 91 88 74 77 89 86 89 89 88 87 85 85 86 86 90 73 86 86 70 74 89 88 83 90 88 89 87 88 86 86 87 90 87 86 89 85 84 86 86 86 87 89 85 84 85 93 86 87 86 85 86 89 88 84 86 85 87 87 Insurance General 30 51 49 65 41 45 58 30 41 30 37 48 27 59 37 35 45 38 27 22 52 44 58 25 42 46 43 23 21 39 31 37 51 39 36 43 48 44 39 44 86 48 73 57 64 72 66 81 74 32 66 30 61 64 46 71 53 34 42 65 68 27 52 55 53 54 45 63 47 41 28 33 58 32 Real Estate Tax 59 146 79 215 280 274 152 117 106 211 150 138 115 515 95 277 338 180 77 170 98 92 581 50 239 173 7 149 325 352 272 45 118 77 84 58 139 328 156 231 107 298 83 170 123 286 399 144 165 209 135 153 137 159 89 207 134 92 252 161 112 107 78 177 273 141 392 175 103 317 173 368 282 Personal Property Tax 7 16 89 19 73 16 9 10 9 9 79 11 120 13 13 234 14 8 13 1 5 69 3 79 87 152 54 95 94 75 24 98 59 69 7 184 11 20 35 9 3 31 23 23 26 5 14 0 3 14 13 10 3 12 18 5 13 12 5 4 5 18 5 2 22 20 21 23
Loc # 3204 3205 3206 3207 3212 3215 3217 3218 3219 3226 3227 3229 3230 3233 3234 3237 3238 3241 3242 3244 3246 3247 3249 3252 3253 3254 3255 3260 3262 3263 3264 3269 3270 3274 3276 3281 3283 3284 3285 3289 3302 3304 3305 3306 3307 3309 3310 3311 3313 3315 3316 3317 3318 3319 3321 3322 3323 3324 3326 3327 3329 3331 3332 3333 3334 3336 3338 3339 3340 3342 3343 3344 3345 3346
Location Name Ft Walton Mini Naples Ss Lafayette Ss West Dade Ss Abilene Wichita West Ss Springfield Mo Ss Lincoln Ss Columbia Ss Cool Springs Cary Midland High Point Nc Ss Galleria Ss Ocala Boynton Beach Ss Shreveport Jensen Beach '99 Greenville Ss Rocky Mount Myrtle Beach Johnson City Xing Sawgrass Kingsport The Woodlands Sugar Land Covington Tulsa North '99 Wichita Falls Round Rock Frisco Citrus Park Gulfport Lake Charles Clarksville '99 Rome Dothan Hattiesburg Mall At Turtle Creek Merritt Island Palm Desert Ss Tucson Oracle Mini Tucson Broadway Ss Visalia Mini Albuquerque Ss Newport Beach Ss Valencia Rancho Cucamonga Ss Irvine Ss Gateway Ss Jantzen Beach Ss Everett Mall Lynnwood Ss Bellevue Crossroads Tacoma Mall Chico Mini Tigard Ss Clackamas Ss Bellingham Ss Carmel Mountain Encinitas Ss Northside Eugene Ss Medford Micro Boise Ss South Center Olympia Ss Westminster Ss Colorado Springs Ss Silverdale Mini Colorado Blvd Ss Aurora Ss Highlands Ranch/Queb Southwest Plaza
Rent 291 871 1,042 1,165 1,140 1,210 1,250 413 1,264 1,544 1,439 857 1,201 2,463 1,116 1,463 1,454 1,094 859 609 1,318 964 1,893 707 577 1,171 819 871 707 1,088 1,315 1,586 591 657 783 1,148 1,552 1,645 663 1,151 1,660 1,717 1,452 754 1,530 1,776 1,393 1,569 2,406 1,305 1,814 967 1,823 1,856 1,154 775 1,647 1,559 562 1,286 1,305 1,108 1,060 713 1,509 2,115 1,213 2,097 1,292 936 1,922 1,471 1,212 1,658
Utilities 201 322 343 449 308 226 217 167 272 209 202 301 239 536 407 352 161 307 260 180 201 226 444 113 384 374 245 182 238 325 323 325 258 333 213 277 238 248 104 319 508 231 214 263 296 362 452 250 491 194 238 127 182 253 109 269 268 202 209 309 280 181 156 136 144 242 218 282 246 165 278 320 275 212
Misc. Occ 35 11 3 35 2 3 34 13 23 39 14 0 2 6 1 66 28 59 30 13 2 138 5 24 17 14 19 2 31 1 5 9 12 30 2 2 34 5 3 5 43 14 86 40 2 33 61 59 95 122 95 35
CAM 29 88 199 81 64 93 80 21 282 2 98 143 93 90 34 60 48 86 9 50 118 98 34 14 3 92 170 116 54 215 807 122 160 402 191 81 273 39 47 107 136 172 95 2 51 37 243 3 79 6 -
Licenses 0 1 3 3 18 2 111 14 12 1 1 20 17 1 6 0 141 135 6 101 19 0 0 1 2 17 79 7 53 3 8 1 10 0 7 3 0 13 1 0 185 575 403 274 0 1 0 199 3 2 144 5 0 257 203 140 62
Total 961 1,707 2,389 2,491 2,096 2,136 1,976 1,039 2,058 2,390 2,157 1,664 1,883 4,410 1,904 2,535 2,608 1,960 1,524 1,209 2,082 1,719 3,421 1,233 1,713 2,181 1,579 1,387 1,461 2,222 2,411 2,646 1,411 1,471 1,468 1,835 2,252 2,569 1,391 2,016 2,933 2,387 2,426 1,414 2,603 3,381 2,591 2,742 3,795 1,987 2,781 1,786 3,047 3,248 2,052 1,459 2,563 2,305 1,457 2,334 2,167 1,932 1,699 1,310 2,156 3,227 2,114 3,394 2,138 1,671 2,914 2,442 2,351 2,647
DRAFT - Subject to Change Privileged and Confidential
1/16/2009 9:28 AM Page 4 of 8
Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service 0 33 0 1 1 1 138 144 3 1 0 1 1 2 0 2 5 42 1 1 0 4 0 0 1 0 4 10 4 Contract Cleaning 72 55 59 59 60 63 62 133 68 65 60 78 68 77 86 67 57 68 52 61 57 61 66 62 61 66 98 60 76 71 75 71 66 74 59 50 88 84 65 50 69 61 76 63 68 68 62 74 63 60 58 77 57 63 66 56 75 54 58 65 65 62 60 64 65 62 60 60 63 101 66 85 66 63 Alarm Monitoring 5 7 5 4 4 5 4 5 3 4 5 4 3 3 1 3 4 4 4 4 4 4 1 4 4 3 18 4 3 4 9 4 1 5 4 5 4 4 4 4 3 2 5 4 4 5 4 4 4 3 6 3 4 4 5 5 5 2 4 5 4 4 5 5 4 5 3 4 3 4 3 4 4 3 Building Maint/ Repairs 171 83 71 170 104 65 76 208 102 105 115 80 45 107 27 52 38 139 60 63 275 91 75 88 63 121 92 65 87 73 57 104 139 351 61 210 312 113 147 92 115 44 104 109 143 118 87 69 127 61 60 196 85 89 51 64 50 41 122 87 81 100 64 68 109 40 77 76 60 96 105 34 35 49 TSS IBM Maint Exp 87 85 86 88 88 86 92 93 88 86 88 95 226 170 120 87 88 86 87 86 85 87 86 87 88 74 88 73 72 90 87 87 85 89 78 84 87 88 87 71 92 75 88 88 86 89 88 79 73 90 79 95 73 75 78 85 90 71 86 87 86 88 86 86 85 87 80 85 90 88 85 94 72 73 Insurance General 32 30 31 48 32 31 36 92 72 65 60 37 122 97 64 67 66 47 29 33 42 31 39 32 75 44 49 67 37 34 55 57 45 47 26 44 64 45 43 26 49 28 38 43 48 43 26 50 37 38 31 36 34 41 39 29 33 19 36 38 32 31 26 58 40 55 46 25 47 28 39 32 38 26 Real Estate Tax 247 269 82 164 201 116 189 174 276 253 155 23 167 319 130 254 161 172 72 143 88 92 74 495 196 144 221 193 259 118 328 399 213 766 187 271 254 129 111 180 849 186 182 217 431 288 246 174 122 147 110 114 78 119 148 88 574 187 173 319 231 148 268 77 568 162 134 236 302 73 152 25 Personal Property Tax 25 12 7 6 12 18 16 25 22 6 696 319 1,784 15 27 19 10 3 2 63 20 20 33 21 32 23 97 76 116 61 63 125 150 78 4 119 8 102 116 113 24 97 30 6 21 36 10 122 19 7 11 100 64 79 30 24 67 29 82 100 22 31 -
Loc # 3347 3348 3349 3350 3351 3352 3353 3354 3360 3361 3364 3365 3366 3369 3372 3373 3375 3376 3377 3378 3379 3381 3382 3390 3401 3403 3405 3409 3418 3425 3428 3502 3504 3505 3508 3510 3512 3513 3514 3515 3516 3518 3520 3521 3522 3525 3527 3529 3549 3550 3554 3556 3560 3561 3562 3564 3569 3570 3572 3576 3577 3579 3581 3582 3584 3586 3587 3588 3589 3590 3591 3592 3595 3597
Location Name Lakewood/Homestead Boulder Ss Ogden Ss Sugarhouse Fort Union Ss Orem Ss Jordan Landing Pearl Ridge Ss Culver City Ss Glendale Fullerton Ss Green Valley Nv Ponce Mall San Patricio Arecibo Long Beach Ss Roseville Fort Collins Idaho Falls Micro Cottonwood Grand Junction Pueblo Micro Valley Mall Thornton Temecula/Murrieta Port Charlotte Boca Raton Avenues Sanford Nw Las Vegas San Luis Obispo Exchange Plaza Ss Corpus Christi North Richland Ss Crossroads Mini Tulsa South Ss Mcallen Ss Brownsville Ss Amarillo Ss Bellevue Ss Southlake Raleigh Northshore Ss Jackson Ss Garland Wellington Silverlake Exton Short Pump Greenville Point Bainbridge Whitman Square Spring Hill Millenia Mall Concord Mills Quail Springs Midtown Miami Hyattsville Polaris Lake Worth Rockwall Meyerland Stapleton La Quinta New Braunfels Santa Margarita Bethlehem Southpark Meadows Southaven Meriden Warrington Colony Place Waterford Lakes Apex
Rent 1,174 1,931 1,323 1,688 1,451 1,284 1,202 1,639 1,858 1,895 1,145 1,266 1,974 1,349 1,648 1,975 1,461 1,098 568 1,315 821 604 1,120 1,241 983 1,152 2,817 1,538 1,528 1,302 1,459 1,448 848 1,481 1,067 953 1,126 1,467 898 1,012 1,571 1,929 647 1,179 1,486 1,775 1,265 1,790 858 1,388 1,306 1,872 718 833 1,419 1,296 2,076 1,940 1,725 1,188 732 1,380 1,170 1,316 840 1,547 1,299 1,228 1,157 1,699 1,478 1,297 1,571 882
Utilities 328 236 200 259 206 199 170 1,212 564 402 475 301 687 548 32 517 254 160 145 208 212 131 166 204 388 316 363 379 101 297 313 214 324 264 221 283 292 294 273 282 252 216 431 279 257 342 322 306 258 161 209 302 155 226 158 175 343 384 201 259 191 281 175 323 162 270 184 271 294 344 251 406 236 171
Misc. Occ 77 1 1 81 3 22 82 3 49 6 13 42 5 0 2 31 53 2 27 1 37 2 4 0 15 2 42 2 148 42 1 3 -
CAM 75 41 132 105 172 576 56 112 88 585 458 547 123 311 41 169 31 53 157 19 34 497 120 176 108 131 82 135 121 68 93 60 160 81 91 188 155 104 175 25 57 98 141 56 15 267 116 342 212 68 84 66 148 192 99 139 90 145 194 136 17 92 72
Licenses 57 2 2 15 1 1 432 57 2 2 27 532 474 72 3 1 0 0 127 3 2 1 0 5 18 26 0 0 0 41 0 5 35 100 65 52 1 2 14 34 37 5 66 1 0 6 114 3 0 0 0 -
Total 2,275 2,783 1,907 2,570 2,330 1,967 2,022 4,564 3,126 3,039 2,241 2,005 5,244 4,064 4,511 3,167 2,468 1,823 1,064 2,115 1,636 1,136 1,814 2,435 1,900 1,975 4,278 2,526 2,390 2,145 2,514 2,567 1,932 3,312 1,833 1,994 2,405 2,472 1,765 1,794 3,279 2,629 1,752 2,199 2,825 2,946 2,305 2,720 1,711 2,072 2,016 2,836 1,284 1,558 2,275 2,036 3,796 2,932 2,551 2,232 1,322 2,405 1,956 2,318 1,491 2,803 2,117 1,977 2,147 2,758 2,347 2,120 2,204 1,364
DRAFT - Subject to Change Privileged and Confidential
1/16/2009 9:28 AM Page 5 of 8
Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service 1 1 1 1 2 0 0 2 1 1 0 1 1 2 11 1 486 459 5 1 0 463 479 1 2 431 473 478 8 0 479 3 439 2 1 0 Contract Cleaning 89 91 99 60 59 61 59 53 61 66 66 63 63 71 69 55 64 58 61 57 57 64 64 53 66 61 66 69 62 58 59 60 85 81 80 64 50 84 95 90 55 99 68 51 78 88 61 68 84 126 82 69 119 75 98 62 93 57 66 60 94 79 96 105 53 88 85 46 59 63 57 66 58 70 Alarm Monitoring 4 6 4 4 4 4 4 4 4 1 1 2 5 4 4 4 5 4 4 3 4 5 4 4 4 4 4 4 4 4 3 4 3 4 4 4 2 5 1 5 4 4 3 4 4 4 4 4 2 2 1 4 4 4 4 4 3 2 4 4 4 4 4 5 4 4 4 4 4 4 4 5 3 4 Building Maint/ Repairs 123 89 115 81 105 383 150 90 85 56 61 119 110 151 68 32 263 95 67 44 79 119 128 104 151 73 90 138 91 147 83 97 46 83 62 72 76 112 88 198 191 134 140 87 160 113 41 73 508 194 71 122 166 73 138 125 94 135 118 98 289 94 150 350 61 179 120 53 58 76 59 68 68 67 TSS IBM Maint Exp 93 94 102 88 87 91 87 87 81 88 87 87 75 74 73 84 87 91 91 91 73 72 88 85 84 87 88 90 85 88 85 78 86 86 87 87 134 86 90 88 89 87 87 85 90 90 88 73 99 88 87 91 100 87 89 87 86 87 87 91 88 94 91 89 90 89 89 91 87 89 88 89 86 73 Insurance General 32 43 50 38 37 35 40 39 39 38 30 48 33 50 35 51 67 29 55 31 34 32 35 43 51 40 27 45 42 67 46 36 49 43 45 48 20 51 67 57 33 46 38 53 55 33 26 37 103 59 36 55 77 35 50 42 54 42 49 48 50 56 42 60 32 63 37 43 38 28 40 84 69 43 Real Estate Tax 239 126 86 269 186 153 122 308 244 268 171 128 242 398 106 224 241 260 222 126 298 135 178 160 326 143 252 182 208 161 149 137 422 135 235 155 122 175 340 108 97 288 332 379 524 705 101 2,155 1,409 208 510 1,251 110 135 190 387 217 297 537 993 559 559 555 377 529 346 127 48 34 116 194 159 287 Personal Property Tax 2 3 25 18 24 21 33 24 7 16 20 20 17 20 19 23 42 73 26 84 28 0 41 15 42 7 23 27 15 11 1 -
Loc # 3599 3601 3602 3603 3606 3607 3608 3611 3613 3614 3615 3616 3617 3618 3619 3621 3622 3624 3625 3626 3627 3628 3629 3630 3631 3632 3633 3634 3635 3638 3639 3640 3641 3645 3648 3654 3659 3662 3663 3664 3666 3668 3669 3670 3672 3674 3675 3677 3679 3680 3682 3684 3686 3687 3688 3689 3690 3691 3692 3693 3694 3695 3696 3697 3698 3699 3700 3701 3702 3705 3706 3707 3708 3710
Location Name South Bay Center North Attleboro Millbury Ann Arbor Ss Lakeside Roseville Novi Taylor Ss Westland Ss Sawmill Ss Easton Ss Brice Ss Century Ss Wilkins Ss Ross Park Ss Evansville Field-Ertel Ss North Town Ss Schererville Niles Arundel Mills Frederick Ss Boardman Ss Saginaw Flint Walker Kentwood Ss Portage Ss West Lansing Ss Hagerstown Oyster Point Greenbrier Ss Keene Laredo Augusta Marketplace Appleton Leesburg Trumbull Gateway Atlantic Center Parkersburg Danbury East Brunswick Eatontown Westbury Hicksville Ss Greeley Lady Lake Union Square 80Th & Broadway Middletown Ss Paramus Rego Park/Queens Ledgewood Bergen Somerville Norwalk Staten Island Ss Bricktown Ss Union Nj Ss Valley Stream Wayne White Plains Whitestone Woodbridge Yonkers Cortlandt Fort Wayne Terre Haute Spring Meadows Harrisburg East Lancaster York Robinson
Rent 2,950 1,412 1,528 1,228 1,416 1,373 1,681 1,516 2,171 1,128 1,411 1,360 2,527 2,507 866 1,471 890 1,373 1,299 1,238 1,395 1,061 1,436 903 1,771 1,471 1,488 1,340 1,474 1,120 1,231 1,526 892 922 1,064 1,302 1,443 2,887 4,034 2,784 1,142 1,968 2,205 2,290 3,115 1,240 725 987 5,311 4,822 1,045 3,586 7,117 1,274 2,675 951 2,478 3,247 1,330 2,489 2,616 1,728 3,080 3,119 2,461 2,146 1,866 818 733 1,219 1,343 1,434 413 1,187
Utilities 351 361 374 240 241 293 129 318 282 231 228 224 318 339 272 249 252 220 223 208 366 325 249 267 290 327 273 248 199 273 218 247 238 245 363 329 137 586 509 536 148 441 431 462 766 549 141 188 745 377 405 442 638 417 425 469 541 630 444 517 466 520 764 656 310 732 450 183 151 300 249 257 223 209
Misc. Occ 2 57 2 71 0 77 36 47 2 65 0 38 29 63 0 8 46 25 4 4 3 1 2 56 9 0 117 89 1 39 87 88 25 81 2 2 79 9 2 135 0 1 46
CAM 416 114 196 140 81 76 63 111 66 89 79 134 96 194 154 102 250 87 39 154 67 83 46 36 123 93 132 575 263 288 43 2 210 163 304 78 59 679 25 37 190 927 174 237 95 359 94 137 110 26 535 217 174 598 49 40 42 108 54 165 -
Licenses 0 0 65 51 43 80 98 74 62 1 48 5 5 62 0 0 5 140 101 0 0 0 88 1 3 208 1 2 2 0 0 40 14 7 3 2 2 2 1 1 2 2 2 13 2 40 145 -
Total 4,296 2,338 2,559 2,175 2,233 2,475 2,369 2,516 3,065 2,053 2,182 2,111 3,518 3,739 1,659 2,248 1,999 2,265 2,119 2,086 2,484 1,847 2,307 1,741 3,023 2,311 2,355 2,200 2,345 2,034 2,176 2,359 1,860 1,810 2,061 2,119 2,255 4,577 5,983 4,617 2,053 3,199 3,517 3,576 5,096 2,910 1,287 1,518 10,228 7,680 2,061 5,079 10,859 2,252 4,327 2,014 3,845 4,777 2,490 3,982 5,189 3,251 5,321 5,657 3,569 4,868 3,130 1,425 1,222 1,896 2,066 2,251 1,391 1,985
DRAFT - Subject to Change Privileged and Confidential
1/16/2009 9:28 AM Page 6 of 8
Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service 451 1 1 0 4 1 0 1 0 27 21 4 1 505 0 0 1 0 1 3 1 Contract Cleaning 55 60 80 59 80 65 102 84 55 76 63 83 59 74 53 66 67 58 63 58 57 59 55 53 99 87 89 39 45 58 97 59 60 52 59 59 63 20 74 49 51 66 63 59 55 70 54 59 59 63 78 65 55 89 56 52 95 115 72 73 75 58 62 69 61 96 98 92 103 91 81 88 95 97 Alarm Monitoring 4 4 3 4 2 2 11 4 4 4 4 3 4 4 4 3 4 3 5 4 4 4 4 4 4 4 4 2 4 3 2 3 4 4 4 2 4 4 2 3 1 2 3 2 2 2 1 2 3 2 3 2 3 4 2 2 2 2 3 2 1 2 4 4 3 3 4 5 11 1 4 4 5 4 Building Maint/ Repairs 104 52 88 149 208 92 369 95 85 42 76 41 40 84 107 48 85 40 73 43 142 64 51 62 92 88 90 42 95 74 38 42 82 79 62 57 127 83 46 80 144 88 32 45 34 51 61 111 40 34 63 55 105 141 36 57 56 209 57 55 62 70 90 109 63 144 90 151 160 118 123 163 123 131 TSS IBM Maint Exp 79 87 87 73 87 90 90 86 86 87 72 88 88 88 88 90 89 90 88 87 88 88 89 91 99 88 88 116 87 86 88 84 85 88 88 102 111 80 112 105 101 73 109 73 75 74 81 99 103 77 101 74 74 104 97 74 125 98 92 97 102 108 86 86 88 87 95 97 86 87 98 87 96 95 Insurance General 40 32 72 41 36 15 39 49 21 44 26 32 23 41 27 23 45 47 32 27 39 49 36 36 49 47 41 34 40 28 22 41 29 29 24 22 18 24 36 17 31 12 26 18 35 15 10 16 28 15 27 22 22 15 25 25 25 18 15 21 30 31 34 52 46 34 52 56 33 46 71 56 51 58 Real Estate Tax 77 128 185 165 70 539 93 57 144 308 26 139 120 48 287 92 143 296 57 127 144 50 283 152 211 166 186 165 118 182 132 200 348 373 299 279 164 519 353 133 451 140 82 135 496 311 409 155 194 240 276 117 302 471 174 627 961 277 322 237 430 136 145 213 187 578 364 173 381 296 191 595 165 Personal Property Tax 31 10 10 1 8 45 22 38 20 9 9 1 3 41 40 22 45 27 154 201 12 66 26 31 219 194 190 113 25 6 29 102 1 1 2 0 4 1 -
Loc # 3711 3713 3720 3721 3724 3725 3731 3732 3733 3734 3735 3736 3738 3740 3742 3743 3744 3746 3748 3750 3752 3754 3764 3767 3768 3769 3770 3771 3774 3776 3779 3780 3783 3792 3797 3810 3815 3830 3831 3832 3844 3845 3846 3847 3848 3849 3850 3851 3852 3853 3854 3855 3856 3857 3858 3859 3862 3864 3865 3878 3882 3883 4101 4105 4106 4110 4111 4112 4113 4114 4115 4116 4119 4120
Location Name Muskegon Holland Micro Mechanicsburg Sterling Ss Saugus Dover Bay Ridge Williston Steubenville Franklin Park Ss Tyson'S Corner West Puyallup Vineland Bangor Clarksburg Maple Grove Erie Johnstown Yuma Las Palimillas St Clairsville Va Center Commons Kennewick Phillipsburg Brentwood Ss Leominster Concord Taunton Folsom Decatur Brighton Enfield Hamburg Plymouth Meeting Mchenry Grandville Market Harlingen Katy Mills Glynn Isles Market Square Township Market Fairfax Towne Center Deptford East Chase Midtown Village Boranda Norridge Commons Promenade Madison Heights Keizer Station Target Center Parkdale Sun Land Baybrook Deerbrook San Antonio Ashwaubenon Westgate Mall Manhattan Fingerlakes Crossing Brea Harker Heights Williamsport Montgomeryville Ss Dickson City Wilkes Barre Danvers Ss Somerville Ss Burlington Ss Seekonk Ss Cranston Ss Nashua Ss Portsmouth Ss Braintree Ss Salem Ss
Rent 1,017 665 1,222 1,394 1,703 787 4,372 1,281 839 1,448 2,504 1,108 1,273 1,044 625 1,447 1,049 1,250 760 653 1,301 1,563 1,300 2,506 1,659 1,339 1,557 1,898 995 1,295 1,771 1,317 1,682 1,352 1,214 606 1,841 867 1,237 838 1,815 1,468 1,243 1,647 1,899 1,975 1,469 1,551 1,083 1,198 1,345 1,177 1,329 1,204 942 1,482 1,005 11,749 486 433 801 882 1,553 1,315 1,402 1,126 1,975 2,160 1,172 970 1,443 1,039 1,714 1,167
Utilities 197 155 273 193 453 254 421 307 131 300 131 163 262 388 141 174 207 203 233 137 196 123 427 179 388 400 371 218 225 230 322 186 404 261 222 166 372 141 154 99 175 284 326 11 292 208 178 287 114 23 283 227 259 298 194 195 65 59 246 244 316 173 276 196 201 407 444 485 460 469 346 402 411 319
Misc. Occ 3 3 2 1 0 36 11 5 83 53 2 2 45 2 30 1 2 0 1 4 8 4 0 5 1 2 2 4 85 10 69 89 93 58 85
CAM 118 57 68 102 145 72 95 147 99 178 94 7 254 261 73 54 7 77 16 52 165 118 73 146 213 65 84 113 89 61 92 31 128 188 81 177 148 156 178 188 36 112 316 129 102 157 92 155 123 99 71 86 77 97 61 71 75 133 72 67 265 1,027 -
Licenses 94 0 451 1 27 53 167 3 0 177 1 65 0 47 99 204 2 57 0 4 1 64 0 4 2 40 113 2 17 95 58 5 2 1 94 0 3 0 0 1 1 39 4 60 85 210 1 0 0 0 0
Total 1,648 1,201 2,024 2,303 2,880 1,900 6,396 2,093 1,348 2,357 3,327 1,893 1,986 1,948 1,368 2,394 1,901 1,974 1,604 1,164 2,154 2,354 2,065 3,444 2,665 2,338 2,558 2,793 1,720 2,018 2,658 1,996 2,671 2,305 2,110 1,631 3,206 1,477 2,359 1,732 2,631 2,601 2,158 2,221 2,646 3,008 2,484 2,671 1,688 1,889 2,359 2,185 2,311 2,280 2,034 2,160 2,093 13,754 1,325 1,378 1,787 1,829 2,386 2,136 2,431 2,154 3,410 3,501 2,264 2,433 2,557 2,087 4,119 2,121
DRAFT - Subject to Change Privileged and Confidential
1/16/2009 9:28 AM Page 7 of 8
Circuit City Stores, Inc. Exhibit 4.1 - Per Diem Occupancy Schedule Per Diem based on TTM thru November 30, 2008 Guard Service 1 2 2 1 1 0 705 1 1 1 5 0 7 2 2 1 6,877 Contract Cleaning 86 84 89 90 62 62 56 88 51 59 65 63 57 61 71 75 86 70 60 188 33 52 71 61 61 80 54 51 63 47 25 106 63 62 62 66 57 77 62 48 18 79 61 101 76 61 68 79 70 38,270 Alarm Monitoring 4 5 5 4 3 2 2 2 3 3 2 3 2 2 3 2 2 4 2 3 2 2 4 2 2 2 2 2 2 2 2 2 4 4 2 2 3 2 2 4 2 2 1 5 5 5 4 3 5 2,234 Building Maint/ Repairs 76 100 79 115 50 39 33 73 142 46 54 71 42 42 64 36 124 65 66 356 22 63 55 90 41 114 48 58 113 75 15 20 59 82 31 74 51 107 39 44 49 61 83 167 69 135 85 71 110 58,308 TSS IBM Maint Exp 96 88 87 93 96 87 88 102 74 90 89 87 87 73 90 104 107 86 94 92 148 73 75 120 71 73 74 72 73 96 164 129 89 88 73 82 87 98 72 109 125 95 94 80 93 85 87 91 90 48,888 Insurance General 58 34 31 42 17 35 38 20 29 15 42 27 36 15 32 14 23 51 20 14 45 22 19 33 22 13 12 13 14 29 41 35 59 65 12 15 17 28 13 17 20 14 44 54 41 24 98 42 48 24,889 Real Estate Tax 181 75 67 119 163 122 138 232 75 235 197 385 19 122 320 157 240 115 90 2,916 530 377 615 272 374 266 135 647 707 249 166 473 12 243 59 106 88 286 13 293 79 157 265 623 110 67 167 165 124 130,107 Personal Property Tax 1 1 8 13 17 74 45 24 8 236 15 25 7 70 46 2 3 281 90 45 55 1 14 92 12 24 1 170 182 29 30 14 34 34 80 104 44 72 10 119 84 17,332
Loc # 4121 4122 4123 4124 4130 4131 4132 4134 4135 4136 4139 4143 4144 4147 4150 4176 4179 4201 4202 4212 4232 4233 4242 4246 4247 4249 4256 4261 4271 4272 4275 4276 4302 4305 4307 4308 4309 4313 4317 4320 4321 4336 4502 4503 4505 4506 4507 4508 4510
Location Name Natick Ss Hanover Mini Dartmouth Mini Manchester Ss Kissimmee Manteca Turlock Towson Metairie Pine Island Signal Hill Gloucester Chambersburg Hamilton Crossing Pasadena Monrovia Vacaville Melbourne Ss Norfolk Midtown Cypress Lakes Sebring Rossmoor Center Baton Rouge Denton Port Arthur Mt Pleasant Southern Tier Cross Foxboro Amherst Sarasota Port St Lucie Eastridge Burbank Ss Prattville Westbank Alexandria Mall La Habra Power And Barnes Cleveland White Oak Village Torrington Lewisville Ss Northstar Ss Little Rock West Ii North Little Rock Ss Santa Cruz Mini El Paso East Ss Lubbock Ss Total
Rent 2,797 953 1,091 1,159 1,323 1,018 1,034 1,533 1,503 682 1,529 1,281 915 922 1,214 1,275 978 1,602 546 11,439 984 890 2,264 1,557 1,390 783 1,130 835 1,014 555 1,365 939 1,026 1,028 713 1,505 787 2,086 1,188 893 1,015 1,023 1,295 1,366 957 874 1,465 1,320 1,016 798,109
Utilities 265 362 399 334 245 216 181 298 288 238 324 288 159 149 358 211 351 298 165 493 264 209 314 144 241 207 179 222 302 303 137 211 354 378 195 264 324 390 129 199 275 305 270 319 260 272 347 344 267 163,338
Misc. Occ 35 80 0 35 0 0 3 5 1 17 2 4 1 0 18 20 41 5 9 7,991
CAM 184 180 63 267 55 54 122 173 248 149 24 103 95 139 149 130 18 96 52 101 105 207 128 89 90 208 140 185 149 268 36 158 108 305 270 65 90 117 132 120 128 60,776
Licenses 0 2 0 1 11 6 27 46 2 2 1 5 5 5 67 2 122 2 1 29 1 74 1 0 3 42 4 6 9 1 9 190 61 2 1 12 11 2 17,711
Total 3,784 1,881 1,911 2,039 2,237 1,650 1,654 2,551 2,226 1,631 2,577 2,356 1,341 1,498 2,483 2,031 2,089 2,434 1,199 16,208 2,292 1,746 3,523 2,696 2,499 1,712 1,852 1,992 2,508 1,496 2,116 2,198 1,949 1,999 1,183 2,460 1,708 3,418 1,819 1,877 1,770 1,888 2,326 2,941 1,684 1,626 2,375 2,369 1,822 1,374,830
DRAFT - Subject to Change Privileged and Confidential
1/16/2009 9:28 AM Page 8 of 8
Circuit City II Exhibit 3.1(c) Merchandise Threshold Schedule
Cost Value 1,350,000,000 1,345,000,000 1,340,000,000 1,335,000,000 1,330,000,000 1,325,000,000 1,320,000,000 1,315,000,000 1,310,000,000 1,305,000,000 1,300,000,000 1,295,000,000 1,290,000,000 1,285,000,000 1,280,000,000 1,275,000,000 1,270,000,000 1,265,000,000 1,260,000,000 1,255,000,000 1,250,000,000 1,050,000,000 1,045,000,000 1,040,000,000 1,035,000,000 1,030,000,000 1,025,000,000 1,020,000,000 1,015,000,000 1,010,000,000 1,005,000,000 1,000,000,000 995,000,000 990,000,000 985,000,000 980,000,000 975,000,000 970,000,000 965,000,000 960,000,000 955,000,000 950,000,000 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% Adjustment Points 0.35% 0.35% 0.35% 0.35% 0.35% 0.35% 0.35% 0.35% 0.35% 0.35% 0.35% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% Adjusted Guaranty 60.95% 61.30% 61.65% 62.00% 62.35% 62.70% 63.05% 63.40% 63.75% 64.10% 64.45% 64.80% 65.10% 65.40% 65.70% 66.00% 66.30% 66.60% 66.90% 67.20% 67.50% 67.50% 67.30% 67.10% 66.90% 66.70% 66.50% 66.30% 66.10% 65.90% 65.70% 65.50% 65.27% 65.04% 64.81% 64.58% 64.35% 64.12% 63.89% 63.66% 63.43% 63.20%
Note(s): 1. Adjustments between the increments shall be on a prorata basis. 2. Adjustments below $950,000,000 & above $1,350,000,000 to be mutually agreed upon.
Hilco Merchant Resources, LLC
Printed 1/16/2009
Circuit City II Exhibit 12.1(m) Cost Factor
Cost Factor 64.90% 65.00% 65.10% 65.20% 65.30% 65.40% 65.50% 65.60% 65.70% 65.80% 65.90% 66.00% 66.10% 66.20% 66.30% 66.40% 66.50% 66.60% 66.70% 66.80% 66.90% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% Adjustment Points Adjusted Guaranty 67.50% 67.30% 67.10% 66.90% 66.70% 66.50% 66.30% 66.10% 65.90% 65.70% 65.50% 65.30% 65.10% 64.90% 64.70% 64.50% 64.30% 64.10% 63.90% 63.70% 63.50%
Note(s): 1. Adjustments between the increments shall be on a prorata basis. 2. In the event that the cost factor exceeds 66.90% it shall be deemed an Event of Default under the Agreement.
Hilco Merchant Resources, LLC
Printed 1/16/2009
Circuit City II Exhibit 12.1(n) Store Entertainment Threshold
Store Entertainment % Total Cost Inventory 18.50% 19.00% 19.50% 20.00% 20.50% 21.00% 21.50% 22.00% 22.50% 23.00% 23.50% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% Adjustment Points Adjusted Guaranty 67.50% 67.12% 66.74% 66.36% 65.98% 65.60% 65.22% 64.84% 64.46% 64.08% 63.70%
Note(s): 1. Adjustments between the increments shall be on a prorata basis. 2. Agent and Merchant shall mutually agree upon a remedy should Store Entertainment inventory exceed 23.50%.
Hilco Merchant Resources, LLC
Printed 1/16/2009
EXHIBIT 12.1(l)
MERCHANDISE CEILING ($000's)
Incremental Dollars in Inventory Cost Value of Guarantee Merchandise % Guarantee Increase / (Decrease)
Guarantee $
Decremental Percent in Guarantee
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 CEILING
1,500,000 1,490,000 1,480,000 1,470,000 1,460,000 1,450,000 1,440,000 1,430,000 1,420,000 1,410,000 1,400,000 1,390,000 1,380,000 1,370,000 1,360,000 1,350,000 1,340,000 1,330,000 1,320,000 1,310,000 1,300,000
60.00% 61.00% 61.95% 62.85% 63.70% 64.50% 65.25% 65.95% 66.60% 67.20% 67.75% 68.25% 68.70% 69.10% 69.45% 69.75% 70.00% 70.20% 70.35% 70.45% 70.50%
900,000 908,900 916,860 923,895 930,020 935,250 939,600 943,085 945,720 947,520 948,500 948,675 948,060 946,670 944,520 941,625 938,000 933,660 928,620 922,895 916,500
(8,900) (7,960) (7,035) (6,125) (5,230) (4,350) (3,485) (2,635) (1,800) (980) (175) 615 1,390 2,150 2,895 3,625 4,340 5,040 5,725 6,395
-1.000% -0.950% -0.900% -0.850% -0.800% -0.750% -0.700% -0.650% -0.600% -0.550% -0.500% -0.450% -0.400% -0.350% -0.300% -0.250% -0.200% -0.150% -0.100% -0.050%
MERCHANDISE THRESHOLD ($000's)
Decremental Dollars in Inventory Cost Value of Guarantee Merchandise % Guarantee Increase / (Decrease)
Guarantee $
Decremental Percent in Guarantee
THRESHOLD 10,000 10,000 10,000 10,000 10,000 10,000
1,150,000 1,140,000 1,130,000 1,120,000 1,110,000 1,100,000 1,090,000
70.50% 70.45% 70.35% 70.20% 70.00% 69.75% 69.45%
810,750 803,130 794,955 786,240 777,000 767,250 757,005 (7,620) (8,175) (8,715) (9,240) (9,750) (10,245) -0.050% -0.100% -0.150% -0.200% -0.250% -0.300%
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
1,080,000 1,070,000 1,060,000 1,050,000 1,040,000 1,030,000 1,020,000 1,010,000 1,000,000 990,000 980,000 970,000 960,000 950,000
69.10% 68.70% 68.25% 67.75% 67.20% 66.60% 65.95% 65.25% 64.50% 63.70% 62.85% 61.95% 61.00% 60.00%
746,280 735,090 723,450 711,375 698,880 685,980 672,690 659,025 645,000 630,630 615,930 600,915 585,600 570,000
(10,725) (11,190) (11,640) (12,075) (12,495) (12,900) (13,290) (13,665) (14,025) (14,370) (14,700) (15,015) (15,315) (15,600)
-0.350% -0.400% -0.450% -0.500% -0.550% -0.600% -0.650% -0.700% -0.750% -0.800% -0.850% -0.900% -0.950% -1.000%