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t <br />18100 Von Kamtan, Suite 500 <br />brine, CA 92629 <br />T 949.852.0700 <br />F 949,852-0700 <br />W wwwstcadfnstcompanics.com <br />STE10FIST <br />r IWIIIICS <br />September 12, 2012 <br />Niki Brock <br />MBH Architects <br />2470 Mariner Square Loop <br />Alameda, CA 94501 <br />RE: Lease between Steadfast Everett Mall, LLC and Ulta Salon, Cosmetics and <br />Fragrance, Inc. <br />Initial Improvements <br />To Whom It May Concern: <br />In accordance with the provisions of the above referenced lease, including providing proof of <br />insurance, permits and all other site required approvals, ULTA wilt be allowed to commence <br />construction of Tenant Improvements at Everett Mall. <br />Tenant shall not commence construction until landlord has approved all construction <br />documents, and all pre -construction requirements, as outlined in the lease, exhibits and <br />attachment or referenced to in the lease, are satisfied by the tenant and tenant's contractor. <br />The Tenant Contractor is to check in with the on -site mall management office before <br />commencing construction. Please call 425-355-1771 to make an appointment. <br />If you have any questions, please do not hesitate to contact me. <br />President <br />Jfast Commercial Properties <br />