StudyHub

Pansat, LLC

16625 South Springs Drive

Clifton, Virginia 20124

HK Calvert Crossings Marketplace, LLC

c/o Hyper-Kapital

3520 Prospect Street, NW

Suite 302

Washington, DC 20007 Attn: Phil Knox

Via Federal Express

Re: Notice of Default and Reservation of Rights

Dear Landlord:

This letter is being sent on behalf of Pansat, LLC (the “Tenant”) under the Deed of Lease (the

“Lease”) with HK Calvert Crossings Marketplace, LLC (the “Landlord”) for the rentable space

located at Calvert Crossings Marketplace (the “Premises”).

This letter shall constitute a notice to Landlord of Tenant’s intent to terminate the Lease that a site

plan amendment in accordance with Section 29.29 of the Lease as a result of the failure of the Site

Plan Contingency which requires issuance of a Site Plan Amendment permitting a single drive

through lane with no less than four (4) vehicle spaces along the Building on or before that date

which is one hundred eighty (180) days following the Effective Date of the Lease. Specifically,

as of the date of this letter, the site plan submitted by Tenant (the “Site Plan”) providing for eight

(8) spaces has not been approved by the local government authorities. Accordingly, the Lease

shall be terminated upon that date which is thirty (30) days after the date hereof.

Please be governed accordingly.

Yours Truly

__________________

Charles Fairbanks