<SEC-DOCUMENT>0000908315-20-000027.txt : 20201014
<SEC-HEADER>0000908315-20-000027.hdr.sgml : 20201014
<ACCEPTANCE-DATETIME>20201014134855
ACCESSION NUMBER:		0000908315-20-000027
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		18
CONFORMED PERIOD OF REPORT:	20201014
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20201014
DATE AS OF CHANGE:		20201014

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WINMARK CORP
		CENTRAL INDEX KEY:			0000908315
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS RETAIL [5900]
		IRS NUMBER:				411622691
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1226

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22012
		FILM NUMBER:		201238762

	BUSINESS ADDRESS:	
		STREET 1:		605 HIGHWAY 169 N SUITE 400
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55441
		BUSINESS PHONE:		763-520-8500

	MAIL ADDRESS:	
		STREET 1:		605 HIGHWAY 169 N SUITE 400
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55441

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GROW BIZ INTERNATIONAL INC
		DATE OF NAME CHANGE:	19930629
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c315-20201014x8k.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='UTF-8'?>

      <!-- iXBRL document created with: Toppan Merrill Bridge iXBRL 9.6.7556.35618 -->
      <!-- Based on: iXBRL 1.1 -->
      <!-- Created on: 10/14/2020 5:41:57 PM -->
      <!-- iXBRL Library version: 1.0.7556.35625 -->
      <!-- iXBRL Service Job ID: b006f534-2eb6-4b54-950f-7cc8ba10cbaa -->

  <html xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:wina="http://www.winmarkcorporation.com/20201014" xmlns="http://www.w3.org/1999/xhtml" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xbrli="http://www.xbrl.org/2003/instance"><head><meta http-equiv="content-type" content="text/html" /><title>Form 8-K 2017 2nd Qtr.DOCX (00015283).DOCX</title></head><body><div style="margin-top:30pt;"></div><div style="display:none;"><ix:header><ix:hidden><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityCentralIndexKey" id="Tc_uwglAyBWd0qX0cTXLtWA_A_2_1">0000908315</ix:nonNumeric><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:AmendmentFlag" id="Tc_0O9iNYpOmE-lbhS0dVE0Hg_3_1">false</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:href="c315-20201014.xsd" xlink:type="simple"></link:schemaRef></ix:references><ix:resources><xbrli:context id="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000908315</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2020-10-14</xbrli:startDate><xbrli:endDate>2020-10-14</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><a id="_3117b65d_ec6f_4546_8590_56a80ee086c6"></a><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">UNITED STATES</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">SECURITIES AND EXCHANGE COMMISSION</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;white-space:pre-wrap;">Washington, D.C.  20549</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">FORM </b><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:DocumentType" id="Narr_ztP3Yh5odEqi_z5JsAZoEA"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">8-K</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-weight:bold;letter-spacing:-0.15pt;">CURRENT REPORT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">Pursuant to Section 13 or 15(d)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">of the Securities Exchange Act of 1934</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;white-space:pre-wrap;">Date of report (Date of earliest event reported):  </span><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="Narr_sDjpGIsPgUeiQBBIqubh2Q"><span style="font-size:11pt;letter-spacing:-0.15pt;">October 14, 2020</span></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityRegistrantName" id="Narr_SxLVL6wB_U6AR7HpnGi65g"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">Winmark Corporation</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">(Exact Name of Registrant as Specified in Its Charter)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="Narr_6IS-NpKNGkaJYfwP-lYVsQ"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">Minnesota</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">(State or Other Jurisdiction of Incorporation)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><a id="_e503d45b_33a2_4afa_91e0_6013b17b0127"></a><a id="Tc_V9L4AM8kg021WvQwRw7Pyg_2_0"></a><a id="Tc_9lCGmebG30G8nqlr70acyw_2_1"></a><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityFileNumber" id="Tc_reY7ly8IvE2TRiBV--MTiA_1_0"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">000-22012</b></ix:nonNumeric></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityTaxIdentificationNumber" id="Tc_DA6rb55rzEy3CX0Yt6ISzw_1_1"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">41-1622691</b></ix:nonNumeric></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">(Commission File Number)</span></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">(I.R.S. Employer Identification Number)</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityAddressAddressLine1" id="Narr_kUotzJRRN0C3RSI94CyKdQ"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">605 Highway 169 North</b></ix:nonNumeric><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">, </b><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityAddressAddressLine2" id="Narr_qH_oADHYykquVLdz7uyAFQ"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">Suite 400</b></ix:nonNumeric><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">, </b><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityAddressCityOrTown" id="Narr_BFrA_yQUDEaeL-y_3dttqA"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">Minneapolis</b></ix:nonNumeric><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">, </b><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="Narr_Ou-JhEJicUmsqatV6LowrA"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">Minnesota</b></ix:nonNumeric><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;"> </b><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:EntityAddressPostalZipCode" id="Narr_Gn1fWZltWUSwkW0eSMb7Cg"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">55441</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;white-space:pre-wrap;">(Address of Principal Executive Offices)  (Zip Code)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">(</b><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:CityAreaCode" id="Narr_25M505W8AESa2JsFOtCDew"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">763</b></ix:nonNumeric><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">) </b><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:LocalPhoneNumber" id="Narr_VuqW6zm6tEaWsC0m-N2yFg"><b style="font-size:11pt;font-weight:bold;letter-spacing:-0.15pt;">520-8500</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><span style="letter-spacing:-0.15pt;">(Registrant&#8217;s Telephone Number, Including Area Code)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="Narr_VITjUkHQJke5sfmLHlG0bg"><span style="color:#000000;font-family:'Segoe UI Symbol';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">&#9744;</span></ix:nonNumeric></span><span style="font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="Narr_lQAl_w53G0qMSxisJwEnQQ"><span style="color:#000000;font-family:'Segoe UI Symbol';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">&#9744;</span></ix:nonNumeric></span><span style="font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="Narr_eOXEhY2nc0Gk1gefS_EFBQ"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><span style="font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="Narr_aXXgIqh-3E6_ZLhF7HZj9w"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;"><span style="font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;padding-left:36pt;text-indent:-36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">Securities registered pursuant to Section 12(b) of the Act:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><a id="_b4bb5b06_3e13_4666_9152_83370ea05f41"></a><a id="Tc_OTYPRjNCkkGLMqCIdPrizg_1_0"></a><a id="Tc_WK9p2i4Cc0qPspmjC29vXA_1_1"></a><a id="Tc_Vm0eVVrmv0eeevAZ9b1HsA_1_2"></a><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:98.39%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:35.93%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:top;width:27.19%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:bottom;width:36.86%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr><td style="vertical-align:bottom;width:35.93%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;padding-left:7.2pt;text-align:center;text-indent:-7.2pt;margin:0pt;">Title&#160;of&#160;each&#160;class:</p></td><td style="vertical-align:top;width:27.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt;">Trading Symbol</p></td><td style="vertical-align:bottom;width:36.86%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:center;margin:0pt;">Name&#160;of&#160;each&#160;exchange&#160;on&#160;which&#160;registered:</p></td></tr><tr><td style="vertical-align:top;width:35.93%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:Security12bTitle" id="Tc_W-VfIOXFJkOYMMfhJ0qcEQ_2_0"><span style="font-size:9pt;">Common Stock, no par value per share</span></ix:nonNumeric></p></td><td style="vertical-align:top;width:27.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" name="dei:TradingSymbol" id="Tc_6VVqpbdTu0ORhEJf6_bGUQ_2_1"><span style="font-size:9pt;">WINA</span></ix:nonNumeric></p></td><td style="vertical-align:top;width:36.86%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="Tc_8YMAvFEvOEOgWkuO4eB6dQ_2_2"><span style="font-size:9pt;">Nasdaq Global Market</span></ix:nonNumeric></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;">Emerging growth company </span><ix:nonNumeric contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="Narr_nwwOZiVB3Uef0fdwtmVvog"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <span style="font-family:'Segoe UI Symbol';">&#9744;</span></p><a id="_278de668_12eb_4c1c_945c_f2e0bfb11ca5"></a></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;width:216pt;"></span><span style="font-size:8pt;visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;margin:0pt;">Item 1.01; 2.03<span style="display:inline-block;width:4.79pt;"></span>Entry into a Material Definitive Agreement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:6pt 0pt 0pt 36pt;"><span style="text-decoration:underline;text-decoration-color:#000000;">Credit Agreement</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 0pt 36pt;"><span style="font-size:11pt;margin-left:0pt;text-decoration:underline;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt 0pt 6pt 36pt;"><span style="white-space:pre-wrap;">On October 14, 2020, Winmark Corporation and is subsidiaries&#8217; (collectively, the &#8220;Company&#8221;) entered into Amendment No. 8 to its Credit Agreement with CIBC Bank USA (formerly known as The PrivateBank and Trust Company) (the &#8220;Lender&#8221;).  The amendment, among other things,</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:54pt;"></td><td style="font-family:'Times New Roman';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Provides the consent of the Lender for the Company&#8217;s declaration and payment of a special $3.00 per share cash dividend to its shareholders that the Company announced on October 14, 2020 (the &#8220;2020 Special Dividend&#8221;);</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:54pt;"></td><td style="font-family:'Times New Roman';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Amends the fixed charge coverage ratio definition to remove the effect of the 2020 Special Dividend.</span></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt 0pt 0pt 36pt;">The foregoing description of Amendment No. 8 to the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full amendment included hereto as Exhibit 10.1</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:6pt 0pt 0pt 0pt;"><span style="text-decoration:underline;text-decoration-color:#000000;">Note Agreement</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:31.5pt;margin:0pt 0pt 0pt 40.5pt;"><span style="font-size:11pt;margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt 0pt 6pt 36pt;"><span style="white-space:pre-wrap;">On October 14, 2020, the Company also entered into Amendment No. 4 to its Note Agreement with Prudential Investment Management, Inc., its affiliates and managed accounts (collectively, &#8220;Prudential&#8221;).  The amendment, among other things,</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:54pt;"></td><td style="font-family:'Times New Roman';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Provides the consent of Prudential for the 2020 Special Dividend;</span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:54pt;"></td><td style="font-family:'Times New Roman';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Amends the fixed charge coverage ratio definition to remove the effect of the 2020 Special Dividend.</span></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt 0pt 0pt 36pt;">The foregoing description of Amendment No. 4 to the Note Agreement does not purport to be complete and is qualified in its entirety by reference to the full amendment included hereto as Exhibit 10.3</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Item 2.02</span></span>Results of Operations and Financial Condition<span style="display:inline-block;width:11.61pt;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="font-size:11pt;margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt 0pt 0pt 36pt;"><span style="white-space:pre-wrap;">On October 14, 2020, the Company announced in a press release its results of operations and financial condition for the third quarter ended September 26, 2020.  A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Item 7.01</span></span>Regulation FD Disclosure</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt 0pt 0pt 36pt;"><span style="white-space:pre-wrap;">On October 14, 2020, the Company announced in a press release its results of operations and financial condition for the third quarter ended September 26, 2020.  A copy of the press release is attached as Exhibit 99.1 of this Current Report on Form 8-K.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;margin:0pt 0pt 0pt 36pt;">On October 14, 2020, the Company also announced in a press release that its Board of Directors has approved the payment of a quarterly cash dividend to its shareholders. &#160;The quarterly dividend of $0.25 per share will be paid on December 1, 2020 to shareholders of record on the close of business on November 11, 2020. &#160;Additionally, the Board of Directors approved the payment of the 2020 Special Dividend. The 2020 Special Dividend will be paid on December 15, 2020 to shareholders of record on the close of business on November 11, 2020. &#160;The total amount of the 2020 Special Dividend payment will be approximately $11.2 million based on the current number of shares outstanding. Future regular or special dividends will be subject to Board approval. &#160;A copy of the press release is attached as Exhibit 99.2 of this Current Report on Form 8-K.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="font-size:11pt;margin-left:0pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;width:216pt;"></span><span style="font-size:8pt;visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:13.8pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Item 8.01</span></span>Other Events</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;margin:0pt 0pt 0pt 36pt;">On October 14, 2020, the Company announced in a press release that its Board of Directors has approved the payment of a cash dividend to its shareholders. The quarterly dividend of $0.25 per share will be paid on December 1, 2020 to shareholders of record on the close of business on November 11, 2020. &#160;Additionally, the Board of Directors approved the payment of the 2020 Special Dividend. The 2020 Special Dividend will be paid on December 15, 2020 to shareholders of record on the close of business on November 11, 2020. &#160;The total amount of the 2020 Special Dividend payment will be approximately $11.2 million based on the current number of shares outstanding. &#160;Future regular and special dividends will be subject to Board approval. &#160;A copy of the press release is attached as Exhibit 99.2 of this Current Report on Form 8-K.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt;"><span style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Forward Looking Statements</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><a id="ITEM2_END"></a><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt 0pt 0pt 36pt;"><span style="white-space:pre-wrap;">Certain statements in this Current Report on Form 8-K are forward looking statements made under the safe harbor provision of the Private Securities Litigation Reform Act.  Such statements are based on management&#8217;s current expectations as of the date of this Report, but involve risks, uncertainties and other factors that may cause actual results to differ materially from those contemplated by such forward looking statements.  Investors are cautioned to consider these forward looking statements in light of important factors which may result in material variations between results contemplated by such forward looking statements and actual results and conditions.  More detailed information about these factors is contained under the headings &#8220;Forward Looking Statements&#8221; and &#8220;Risk Factors&#8221; in the Company&#8217;s periodic reports filed with the SEC, including the Company&#8217;s most recent Annual Report on Form&#160;</span><span style="white-space:pre-wrap;">10-K for the fiscal year ended December 28, 2019 and Quarterly Report on Form 10-Q for the second quarter ended June 27, 2020.  We caution investors to not place undue reliance on these forward-looking statements, which speak only as of the date they were made.  The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Item 9.01</span></span>Financial Statements and Exhibits</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-indent:36pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">(d)</span></span>Exhibits</p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:93.26%;"><tr style="height:1pt;"><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">10.1</p></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="c315-20201014ex101daa3d4.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Amendment No. 8 to Credit Agreement dated October 14, 2020</span></a>*&#160;</p></td></tr><tr><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">10.2</p></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="https://www.sec.gov/Archives/edgar/data/908315/000110465910039324/a10-12630_1ex10d2.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Credit Agreement dated July 13, 2010, among Winmark Corporation and its subsidiaries and CIBC Bank USA (formerly known as The PrivateBank and Trust Company)</span></a> <sup style="font-size:8.25pt;line-height:100%;top:0pt;vertical-align:top;">(1)</sup></p></td></tr><tr><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">10.3</p></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="c315-20201014ex103f6ca72.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Amendment No. 4 to Note Agreement dated October 14, 2020*</span></a></p></td></tr><tr><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">10.4</p></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="https://www.sec.gov/Archives/edgar/data/908315/000110465915039074/a15-11733_1ex10d8.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Note Agreement dated May 14, 2015, among Winmark Corporation and its subsidiaries and Prudential Investment Management, Inc., its affiliates and managed accounts</span></a>&#160;<sup style="font-size:8.25pt;line-height:100%;top:0pt;vertical-align:top;">(2)</sup></p></td></tr><tr><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">99.1</p></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="c315-20201014ex991038e43.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Third Quarter Results Press Release dated October 14, 2020</span></a>*</p></td></tr><tr><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">99.2</p></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="c315-20201014ex99246e2b7.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Quarterly Cash Dividend and Special Dividend Press Release dated October 14, 2020*</span></a></p></td></tr><tr><td style="vertical-align:top;width:5.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">104</p></td><td style="vertical-align:bottom;width:1.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:93.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="color:#0000ff;text-decoration:underline;text-decoration-color:#0000ff;">Cover Page Interactive Data File (embedded within the Inline XBRL Document and incorporated as Exhibit 101)</span></p></td></tr></table><div style="font-family:'Times New Roman','Times','serif';font-size:12.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><div style="background-color:#000000;height:1px;position:relative;top:0.6em;width:25.0%;border:none;margin:0 auto 0 0;"></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">*Filed Herewith</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;padding-left:18pt;text-indent:-18pt;margin:0pt;">(1) Incorporated by reference to Exhibit 10.2 to the Quarterly Report on Form 10-Q for the fiscal quarter ended June 26, 2010</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;padding-left:18pt;text-indent:-18pt;margin:0pt;">(2) Incorporated by reference to Exhibit 10.8 to the Current Report on Form 8-K filed on May 18, 2015</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;width:216pt;"></span><span style="font-size:8pt;visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:76.47%;border:0;margin:30pt 11.76% 30pt 11.76%;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;">SIGNATURES</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"></span><span style="font-size:11pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;text-indent:0pt;width:36pt;"></span><span style="display:inline-block;width:36pt;"></span><span style="display:inline-block;width:36pt;"></span><span style="display:inline-block;width:36pt;"></span><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><div style="padding-left:0.4pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;table-layout:auto;width:99.03%;"><tr style="height:1pt;"><td style="vertical-align:top;width:51.48%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:4.82%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:43.68%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:51.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:48.51%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="white-space:pre-wrap;"> WINMARK CORPORATION</span></p></td></tr><tr><td style="vertical-align:top;width:51.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:48.51%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:51.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">Date: October 14, 2020</p></td><td style="vertical-align:top;width:4.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;">By:</p></td><td style="vertical-align:top;width:43.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="white-space:pre-wrap;"> /s/Anthony D. Ishaug</span></p></td></tr><tr><td style="vertical-align:top;width:51.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:48.51%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="white-space:pre-wrap;">        Anthony D. Ishaug</span></p></td></tr><tr><td style="vertical-align:top;width:51.48%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:48.51%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><span style="white-space:pre-wrap;">        Chief Financial Officer and Treasurer</span></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 6pt 144pt;"><span style="font-size:11pt;margin-left:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="display:inline-block;width:216pt;"></span><span style="font-size:8pt;visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border:0;"></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c315-20201014ex101daa3d4.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.7.0.58--><!--Created on: 10/14/2020 05:41:31 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title>Amendment No. 8 (00023229).DOCX</title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'CG Times';font-size:12pt;text-align:center;margin:0pt;"><font style="display:inline-block;width:234pt;"></font><font style="display:inline-block;width:18pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">Exhibit 10.1</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">AMENDMENT NO. 8</b></p><p style="font-family:'CG Times';font-size:12pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">to</b></p><p style="font-family:'CG Times';font-size:12pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">CREDIT AGREEMENT</b></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">THIS AMENDMENT NO. 8 TO CREDIT AGREEMENT (this &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Amendment</u>&#8221;) is made as of October 14, 2020, by and among WINMARK CORPORATION, WIRTH BUSINESS CREDIT, INC., WINMARK CAPITAL CORPORATION and GROW BIZ GAMES, INC. (each of the foregoing are referred to herein individually as a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Loan Party</u>&#8221; and collectively as the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Loan Parties</u>&#8221;), CIBC BANK USA (the &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Administrative Agent</u>&#8221; and a &#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Lender</u>&#8221;).</p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">RECITALS:</b></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">A.</b><font style="display:inline-block;width:24.33pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The Loan Parties, the Administrative Agent and the Lender are parties to that certain Credit Agreement, dated as of July 13, 2010, as amended prior to the date hereof (the &#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">Credit Agreement</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;).</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">B.</b><font style="display:inline-block;width:25pt;"></font><font style="font-family:'Times New Roman','Times','serif';">Winmark Corporation (the &#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">Company</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;) has informed the Administrative Agent and the Lender that the Company desires to declare and pay a special dividend to its shareholders in an amount equal to $3.00 per share of common stock (which dividend amount will be paid from cash on hand) on or before December 31, 2020 (the &#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">2020 Special Dividend</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;).</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">C.</b><font style="display:inline-block;width:24.33pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The Company has requested that the Administrative Agent and the Lender consent to the 2020 Special Dividend, and the Administrative Agent and the Lender are willing to so consent, as provided herein.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">D.</b><font style="display:inline-block;width:24.33pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The Loan Parties, the Administrative Agent and the Lender desire to further amend the Credit Agreement as provided herein.</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">AGREEMENTS:</b></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">IN CONSIDERATION of the premises and mutual covenants herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Definitions</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Capitalized terms not otherwise defined in this Amendment have the same meanings as set forth in the Credit Agreement.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Amendment of Section 1.1</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Section 1.1 of the Credit Agreement is hereby amended as follows:</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(a)</font><font style="display:inline-block;width:22.68pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The definition of &#8220;Fixed Charge Coverage Ratio&#8221; appearing in such Section is hereby amended and restated in its entirety to read as follows: </font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 0pt 72pt;"><a name="_Hlk53063246"></a>&#8220;<u style="text-decoration:underline;text-decoration-color:#000000;">Fixed Charge Coverage Ratio</u>&#8221;: &#160;As of any date of determination and calculated for a trailing twelve month period ending on such date of determination, the ratio of (a) the total EBITDA of the Loan Parties for such period, <u style="text-decoration:underline;text-decoration-color:#000000;">minus</u> (i) the sum of income taxes paid in cash by the Loan Parties in such period, (ii) the sum of all Capital Expenditures made by the Loan Parties in such period, and (iii) the sum of all distributions (excluding the 2020 Special Dividend) made by the Loan Parties in such period, <u style="text-decoration:underline;text-decoration-color:#000000;">divided by</u> (b) the sum for such period of (i) cash interest expense <u style="text-decoration:underline;text-decoration-color:#000000;">plus</u> (ii) all scheduled payments of principal on Debt (excluding, for the avoidance of doubt, any payment pursuant to Section 6).</p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 72pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(b)</font><font style="display:inline-block;width:22.01pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The following definition is added to such Section in the correct alphabetical order:</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 72pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">2020 Special Dividend</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;: Has the meaning given to such term in that certain Amendment No. 8 to Credit Agreement, dated as of October 14, 2020, by and among the Loan Parties, the Agent, and the Lender. </font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 72pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">3.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Amendment of Section 11.4</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Section 11.4 of the Credit Agreement is hereby amended, by amending and restating clause (ii) appearing in such section in its entirety to read as follows:</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 40.5pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 40.5pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:31.5pt;"></font>(ii) the Company may purchase or redeem any of its Capital Securities, and may pay regular dividends (defined to be dividends paid in any fiscal year not to exceed $10,000,000 in the aggregate) with respect to its Capital Securities, so long as, in each case, after giving effect to such purchase, redemption or regular dividend the Company will remain in compliance with all the financial ratios and restrictions set forth in <u style="text-decoration:underline;text-decoration-color:#000000;">Sections 11.15</u>, <u style="text-decoration:underline;text-decoration-color:#000000;">11.16</u> and <u style="text-decoration:underline;text-decoration-color:#000000;">11.17</u>, as certified by the Company in form and substance satisfactory to Agent and the Required Lenders;</p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">4.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Consent to 2020 Special Dividend</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Pursuant to Section 11.4 of the Credit Agreement, the Administrative Agent and the Lender hereby consent to the declaration and payment of the 2020 Special Dividend, </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">provided</u><font style="font-family:'Times New Roman','Times','serif';"> </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">that</u><font style="font-family:'Times New Roman','Times','serif';"> at the time of the payment of the 2020 Special Dividend, no Unmatured Event of Default or Event of Default then exists or could result therefrom (after taking into account the effect of this Amendment).</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">5.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Conditions to Effectiveness</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">. &#160;</b><font style="font-family:'Times New Roman','Times','serif';">The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(a)</font><font style="display:inline-block;width:22.68pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The Administrative Agent shall have received a counterpart signature page to this Amendment, duly executed by the Loan Parties and the Lender.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(b)</font><font style="display:inline-block;width:22.01pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The Lender and the Administrative Agent shall have received an amendment to the Note Agreement, dated May 14, 2015 (as amended) with Prudential, in </font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';">form and substance acceptable to the Lender and the Administrative Agent, duly executed by Prudential and the Loan Parties. </font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(c)</font><font style="display:inline-block;width:22.68pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The Administrative Agent shall have received such officer&#8217;s certificate and related certificates of good standing and organizational documents, in each case respecting the Loan Parties, as the Administrative Agent may request.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">6.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Representations and Warranties</b><font style="font-family:'Times New Roman','Times','serif';">. &#160;To induce the Administrative Agent and the Lender to enter into this Amendment, the Loan Parties, jointly and severally, represent and warrant to the Administrative Agent and the Lender as follows:</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(a)</font><font style="display:inline-block;width:22.68pt;"></font><font style="font-family:'Times New Roman','Times','serif';">The execution, delivery and performance by the Loan Parties of this Amendment and any other documents required to be executed and/or delivered by the Loan Parties by the terms of this Amendment have been duly authorized by all necessary corporate action, do not require any approval or consent of, or any registration, qualification or filing with, any government agency or authority or any approval or consent of any other person, do not and will not conflict with, result in any violation of or constitute any default under, any provision of the Loan Parties&#8217; organizational documents, any agreement binding on or applicable to the Loan Parties or any of their property, or any law or governmental regulation or court decree or order, binding upon or applicable to the Loan Parties or of any of their property and will not result in the creation or imposition of any Lien in or on any of their property pursuant to the provisions of any agreement applicable to the Loan Parties or any of their property, other than Liens in favor of the Administrative Agent.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(b)</font><font style="display:inline-block;width:22.01pt;"></font><font style="font-family:'Times New Roman','Times','serif';">Both before and after giving effect to this Amendment, the representations and warranties contained in the Credit Agreement are true and correct as of the date hereof, as though made on the date hereof, except to the extent that such representations and warranties relate solely to an earlier date.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(c)</font><font style="display:inline-block;width:22.68pt;"></font><font style="font-family:'Times New Roman','Times','serif';">There does not exist any Unmatured Event of Default or Event of Default.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">7.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">No Waiver</b><font style="font-family:'Times New Roman','Times','serif';">. &#160;This Amendment is not intended to operate as, and shall not be construed as, a waiver of any Unmatured Event of Default or Event of Default whether known to the Administrative Agent and/or the Lender, or unknown, as to which all rights and remedies of the Administrative Agent and the Lender shall remain reserved.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">8.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Binding Nature of Loan Documents</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Each Loan Party acknowledges and agrees that the terms, conditions and provisions of the Credit Agreement and of each Loan Document are fully binding and enforceable agreements, and are not subject to any defense, counterclaim, set off or other claim of any kind or nature. &#160;Each Loan Party hereby reaffirms and restates its duties, obligations and liability under the Credit Agreement, as amended hereby, and each other Loan Document.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">9.</b><font style="display:inline-block;width:27pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Reference to the Loan Documents</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;From and after the date of this Amendment, each reference in the Credit Agreement to &#8220;this Agreement&#8221;, &#8220;hereunder&#8221;, &#8220;hereof&#8221;, &#8220;herein&#8221; or words of like import referring to the Credit Agreement, and each reference to the &#8220;Credit Agreement&#8221; or &#8220;Agreement&#8221;, &#8220;thereunder&#8221;, &#8220;thereof&#8221;, &#8220;therein&#8221; or words of like import referring to the Credit Agreement in any other Loan Document, shall mean and be a reference to the Credit Agreement as amended hereby.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10.</b><font style="display:inline-block;width:21pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Release</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Each Loan Party hereby releases, acquits, and forever discharges each of the Administrative Agent and the Lender and each and every past and present subsidiary, affiliate, stockholder, officer, director, agent, servant, employee, representative, and attorney of any of them from any and all claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys&#8217; fees) of any kind, character, or nature whatsoever, known or unknown, fixed or contingent, which any Loan Party may have or claim to have now or which may hereafter arise out of or be connected with any act of commission or omission of the Administrative Agent and/or the Lender existing or occurring prior to the date of this Amendment or any instrument executed prior to the date of this Amendment including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by any Loan Document. &#160;The provisions of this Section shall survive payment of all Obligations and shall be binding upon the Loan Parties and shall inure to the benefit of the Administrative Agent and the Lender and their respective successors and assigns.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">11.</b><font style="display:inline-block;width:21pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Estoppel</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Each Loan Party represents and warrants that there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys&#8217; fees) of any kind, character or nature whatsoever, fixed or contingent, which any Loan Party may have or claim to have against the Administrative Agent and/or the Lender, which might arise out of or be connected with any act of commission or omission of the Administrative Agent and/or the Lender existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by any Loan Document.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12.</b><font style="display:inline-block;width:21pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Expenses</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Without in any way limiting the generality of Section 16.5 of the Credit Agreement, the Loan Parties, jointly and severally, hereby agree to pay to the Administrative Agent all of the Administrative Agent&#8217;s reasonable legal fees and expenses incurred in connection with this Amendment, the Credit Agreement and/or any other Loan Document, which amount shall be due and payable upon execution of this Amendment.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">13.</b><font style="display:inline-block;width:21pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Captions</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">. </b><font style="font-family:'Times New Roman','Times','serif';"> The captions or headings herein are for convenience only and in no way define, limit or describe the scope or intent of any provision of this Amendment.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">14.</b><font style="display:inline-block;width:21pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Counterparts</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. &#160;Any executed counterpart of this Amendment delivered by facsimile or other electronic transmission to a party hereto shall constitute an original counterpart of this Amendment.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'CG Times';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 36pt 0pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;text-align:justify;">15.</b></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">No Other Modification</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;Except as expressly amended by the terms of this Amendment, all other terms of the Credit Agreement shall remain unchanged and in full force and effect.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 36pt 0pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:6pt 0pt 0pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">THE PARTIES HAVE EXECUTED this Amendment No. 8 to Credit Agreement in the manner appropriate to each as of the date and year first above written.</font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">LOAN PARTIES:</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">WINMARK CORPORATION </b></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">By:    </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">/s/Brett D. Heffes</u><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">       </font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Name:  Brett D. Heffes</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Title:    Chairman of the Board and Chief Executive Officer </font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">WIRTH BUSINESS CREDIT, INC.</b></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';">By:</font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">    /s/Brett D. Heffes</u><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">       </font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';">Name: </font><font style="font-family:'Times New Roman','Times','serif';"> Brett D. Heffes</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Title:    President </font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-style:italic;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-style:italic;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">WINMARK CAPITAL CORPORATION </b></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';">By:</font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">    /s/Brett D. Heffes</u><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">       </font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Name:  Brett D. Heffes</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Title:    President</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">GROW BIZ GAMES, INC.</b></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';">By:</font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">    /s/Brett D. Heffes</u><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">       </font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Name:  Brett D. Heffes</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Title:    President </font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 12pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';font-style:italic;font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'CG Times';font-size:12pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';font-style:italic;font-weight:bold;">(Signatures continue on next page.)</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'CG Times';font-size:12pt;padding-left:4.5pt;text-indent:-4.5pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ADMINISTRATIVE AGENT</font></p><p style="font-family:'CG Times';font-size:12pt;padding-left:4.5pt;text-indent:-4.5pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">AND A LENDER:</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">CIBC BANK USA</b></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';">By: </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">    /s/Leanne Manning</u></p><p style="font-family:'CG Times';font-size:12pt;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Name:  Leanne Manning </font></p><p style="font-family:'CG Times';font-size:12pt;text-align:justify;margin:0pt 0pt 0pt 234pt;"><font style="font-family:'Times New Roman','Times','serif';">Title: &#160; &#160;Managing Director</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'CG Times';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:9pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>c315-20201014ex103f6ca72.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.7.0.58--><!--Created on: 10/14/2020 05:41:37 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title>Amendment No.4 (00023230).DOCX</title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:right;margin:0pt 0pt 48pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';">Exhibit 10.3</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:center;margin:0pt 0pt 48pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';">October 14, 2020</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">WINMARK CORPORATION</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">WIRTH BUSINESS CREDIT, INC.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">WINMARK CAPITAL CORPORATION</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">GROW BIZ GAMES, INC.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">c/o Winmark Corporation</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">605 Highway 169 North, Suite 400</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';white-space:pre-wrap;">Minneapolis, MN  55441</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Re:</b></p></td><td style="padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Consent and Amendment No. 4 to Note Agreement</b></p></td></tr></table><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';">Ladies and Gentlemen:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';">Reference is made to the Note Agreement dated as of May 14, 2015 (as amended from time to time, the &#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Note Agreement</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;), among Winmark Corporation, a Minnesota corporation (the </font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;Company&#8221;</b><font style="font-family:'Times New Roman','Times','serif';">), Wirth Business Credit, Inc., a Minnesota corporation (</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;Wirth&#8221;</b><font style="font-family:'Times New Roman','Times','serif';">), Winmark Capital Corporation, a Minnesota corporation (</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;Winmark Capital&#8221;</b><font style="font-family:'Times New Roman','Times','serif';">), Grow Biz Games, Inc., a Minnesota corporation (</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;Grow Biz&#8221;</b><font style="font-family:'Times New Roman','Times','serif';">; the Company, Wirth, Winmark Capital, Grow Biz and any other Person who joins the Note Agreement as an Issuer pursuant to paragraph 5J, collectively, the </font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;Issuers&#8221;</b><font style="font-family:'Times New Roman','Times','serif';">), The Prudential Insurance Company of America (&#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">PICA</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;), Pruco Life Insurance Company (&#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Pruco</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;) and Prudential Retirement Guaranteed Cost Business Trust (</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;PRG&#8221;</b><font style="font-family:'Times New Roman','Times','serif';">), PAR U Hartford Life Insurance Comfort Trust (&#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">PAR</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;; PICA, Pruco, PRG and PAR, collectively, the &#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Holders</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;). &#160;Capitalized terms used herein that are not otherwise defined herein shall have the meaning specified in the Note Agreement. &#160;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';">The Issuers have requested that the Holders (i) agree to certain amendments to the Note Agreement as set forth below and (ii) consent to a proposed one-time special dividend by the Company to its shareholders in an amount equal to $3.00 per share of common stock (which dividend amount will be paid from cash on hand) on or before December 31, 2020. &#160;Subject to the terms and conditions hereof, the Holders are willing to agree to such requests (the &#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020 Special Dividend</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;). &#160;Accordingly, and in accordance with the provisions of paragraph 11C of the Note Agreement, the parties hereto agree as follows:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;text-align:justify;">SECTION 1.</b></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Amendments to the Note Agreement</b><font style="font-family:'Times New Roman','Times','serif';">. &#160;From and after the Effective Date (as defined in Section 4 hereof), the Note Agreement is amended as follows:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';margin-left:0pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">1.1</font><font style="display:inline-block;width:21pt;"></font><font style="font-family:'Times New Roman','Times','serif';">Clause (b) of paragraph 6E is hereby amended by deleting the reference to &#8220;$6,000,000 contained therein and inserting &#8220;$10,000,000&#8221; in lieu thereof.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">1.2</font><font style="display:inline-block;width:21pt;"></font><font style="font-family:'Times New Roman','Times','serif';">Paragraph 10B is hereby amended by amending and restating the definition of &#8220;Fixed Charge Coverage Ratio&#8221; contained therein in its entirety to read as follows:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 36pt;"><a name="_Hlk53063246"></a><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;Fixed Charge Coverage Ratio&#8221; </b><font style="font-family:'Times New Roman','Times','serif';">shall mean as of any date of determination and calculated for a trailing twelve month period ending on such date of determination, the ratio of (a) the total EBITDA of the Company and its Subsidiaries for such period, </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">minus</u><font style="font-family:'Times New Roman','Times','serif';"> (i) the sum of income taxes paid in cash by the Company and its Subsidiaries in such period, (ii) the sum of all Capital Expenditures made by the Company and its Subsidiaries in such period, and (iii) the sum of all distributions (excluding the 2020 Special Dividend) made by the Company and its Subsidiaries in such period, </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">divided by</u><font style="font-family:'Times New Roman','Times','serif';"> (b) the sum for such period of (i) cash interest expense </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">plus</u><font style="font-family:'Times New Roman','Times','serif';"> (ii) all scheduled payments of principal on Debt (excluding, for the avoidance of doubt, any payment pursuant to Section 6 of the Credit Agreement).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">1.3</font></font><font style="font-family:'Times New Roman','Times','serif';">Paragraph 10B is hereby further amended by inserting the following defined term therein in appropriate alphabetical order:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt 0pt 12pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">&#8220;2020 Special Dividend&#8221;</b><font style="font-family:'Times New Roman','Times','serif';"> shall have the meaning given to such term in that certain Consent and Amendment No. 4 to Note Agreement dated as of October 14, 2020 by and among the Issuers, Prudential and the Purchasers.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0.5pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">SECTION 2. &#160;</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Consent.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;</font><font style="font-family:'Times New Roman','Times','serif';letter-spacing:0.1pt;">Effective on the Effective Date (as defined in Section 4 below), the Holders hereby consent to the 2020 Special Dividend; </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">provided</u><font style="font-family:'Times New Roman','Times','serif';"> </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">that</u><font style="font-family:'Times New Roman','Times','serif';"> at the time of the payment of the 2020 Special Dividend, no Default or Event of Default then exists or could result therefrom (after taking into account the effect of this letter amendment)</font><font style="font-family:'Times New Roman','Times','serif';letter-spacing:0.1pt;">. The foregoing consent shall be limited precisely as written and shall relate solely to the </font><font style="font-family:'Times New Roman','Times','serif';letter-spacing:0.15pt;">Note Agreement in the manner and to the extent described herein, and nothing in this letter agreement shall be deemed to (a) constitute a consent to or waiver of any Defaults or Events of Defaults existing under the Note Agreement or the other Transaction Documents, (b) constitute a consent to any matter other than the 2020 Special Dividend or (c) prejudice any right or remedy that Prudential or any Holder may now have or may have in the future under or in connection with the Note Agreement or any other Transaction Document.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0.5pt 0pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;text-align:justify;">SECTION 3.</b></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Representations and Warranties.</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;"> &#160;</b><font style="font-family:'Times New Roman','Times','serif';">Each Issuer represents and warrants that (a) the execution and delivery of this letter by each Issuer has been duly authorized by all necessary corporate action on behalf of the Issuers, this letter has been executed and delivered by a duly authorized officer of the Issuers, as applicable, and this letter constitutes legal, valid and binding obligations of the Issuers, enforceable against the Issuers in accordance with their terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors&#8217; rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), (b)&#160;each representation and warranty set forth in paragraph 8 of the Note Agreement and the other Transaction Documents to which it is a party is true and correct as of the date of execution and delivery of this letter by the Issuers with the same effect as if made on such date, before and after giving effect to this letter (except to the extent such representations and warranties expressly refer </font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt 0.5pt 12pt 0pt;"><font style="font-family:'Times New Roman','Times','serif';">to an earlier date, in which case they were true and correct as of such earlier date), (c) no Event of Default or Default exists or has occurred and is continuing on the date hereof, before and after giving effect to this letter and (d)&#160;neither any Issuer nor any Subsidiary has paid or agreed to pay, and neither any Issuer nor any Subsidiary will pay or agree to pay, any fees or other consideration to any Person in connection with the amendment referenced in Section 4.1(ii) hereof, other than reimbursement of out-of-pocket fees and expenses of their own legal counsel and legal counsel to the Banks and the Bank Agent.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">SECTION 4.</b><font style="font-family:'Times New Roman','Times','serif';"> &#160;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Conditions Precedent</b><font style="font-family:'Times New Roman','Times','serif';">. &#160;The amendments in Section 1 of this letter shall become effective as of the date (the &#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Effective Date</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;) that each of the following conditions has been satisfied:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">4.1</font></font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">Documents</u><font style="font-family:'Times New Roman','Times','serif';">.</font><font style="display:inline-block;width:14.34pt;"></font><font style="font-family:'Times New Roman','Times','serif';">Each Holder shall have received original counterparts or, if satisfactory to such Holder, certified or other copies of all of the following, in form and substance satisfactory to such Holder, dated the date hereof unless otherwise indicated, and on the date hereof in full force and effect:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt 0pt 12pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(i)</font><font style="display:inline-block;width:24.67pt;"></font><font style="font-family:'Times New Roman','Times','serif';">counterparts of this letter executed by the Issuers and the Holders;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:22.3pt;margin:0pt 0pt 12pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:13.7pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(ii)</font><font style="display:inline-block;width:21.34pt;"></font><font style="font-family:'Times New Roman','Times','serif';">a copy of an amendment to the Credit Agreement, duly executed by the Issuers, the Bank Agent and the Banks, and the conditions precedent to the effectiveness of such amendment shall have been satisfied and such amendment shall be in full force and effect;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:22.3pt;margin:0pt 0pt 0pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:13.7pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(iii)</font><font style="display:inline-block;width:18pt;"></font><font style="font-family:'Times New Roman','Times','serif';">a Secretary&#8217;s Certificate signed by the Secretary or an Assistant Secretary and one other officer of each Issuer certifying, among other things, (a) as to the names, titles and true signatures of the officers of such Issuer, as the case may be, authorized to sign the Transaction Documents to which such Issuer, as the case may be, is a party (or certifying that such officers remain unchanged from the relevant document certified on the date of that certain Amendment No. 3 to Note Agreement dated as of September 2, 2020 (the &#8220;</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Third Amendment</b><font style="font-family:'Times New Roman','Times','serif';">&#8221;)), (b) that attached thereto is a true, accurate and complete copy of the certificate of incorporation or other formation document of such Issuer, as the case may be, certified by the Secretary of State of the state of organization of such Issuer, as the case may be, as of a recent date (or certifying that such certificate of incorporation or other formation document remains unchanged from the relevant document certified on the date of the Third Amendment), (c) that attached thereto is a true, accurate and complete copy of the by-laws, operating agreement or other organizational document of such Issuer, as the case may be, which were duly adopted and are in effect as of the Effective Date and have been in effect immediately prior to and at all times since the adoption of the resolutions referred to in clause (d), below (or certifying that such by-laws, operating agreement or other organization document remains unchanged from the relevant document certified on the date of the Third Amendment), (d) that attached thereto is a true, accurate and complete copy of the resolutions of the board of directors or other managing body of such Issuer, as the case may be, duly adopted at a meeting or by unanimous written consent of such board of directors or other managing body, authorizing the execution, delivery and performance of the Transaction Documents to which such Issuer, as the case may be, is a party, and that such resolutions have not been amended, modified, revoked or rescinded, </font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt 0pt 12pt 36pt;"><font style="font-family:'Times New Roman','Times','serif';">are in full force and effect and are the only resolutions of the shareholders, partners or members of such Issuer, as the case may be, or of such board of directors or other managing body or any committee thereof relating to the subject matter thereof (or certifying that resolutions of the Issuers remain unchanged from the relevant document certified on the date of the Third Amendment), and (e) that no dissolution or liquidation proceedings as to such Issuer have been commenced or are contemplated; provided however, that the Officers&#8217; Certificate delivered to the Bank Agent and Bank in a form satisfactory the Holders shall satisfy this condition; &#160;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:22.3pt;margin:0pt 0pt 12pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:13.7pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(iv)</font><font style="display:inline-block;width:18.67pt;"></font><font style="font-family:'Times New Roman','Times','serif';">a certificate of corporate or other type of entity and tax good standing for each Issuer and each of its Subsidiaries from the Secretary of State or other appropriate governmental official of the jurisdiction of organization of such Issuer or such Subsidiary and of each jurisdiction in which such Issuer or such Subsidiary is required to be qualified to transact business as a foreign organization, in each case dated as of a recent date; provided however, that the Officers&#8217; Certificate delivered to the Bank Agent and Bank in containing such good standing certificate shall satisfy this condition; and</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:22.3pt;margin:0pt 0pt 12pt 36pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:13.7pt;"></font><font style="font-family:'Times New Roman','Times','serif';">(v)</font><font style="display:inline-block;width:22.01pt;"></font><font style="font-family:'Times New Roman','Times','serif';">an Officer&#8217;s Certificate certifying, after giving effect to the amendments contemplated hereby and the amendment to the Credit Agreement referenced in Section 4.1(ii) above, as to the matters set forth in Section 1 hereof.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">4.2</font></font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">Fees and Expenses</u><font style="font-family:'Times New Roman','Times','serif';">. &#160;The Issuers shall have paid the reasonable fees, charges and disbursements of Taft Stettinius &amp; Hollister LLP, special counsel to the Purchasers, incurred in connection with this letter agreement.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;text-align:justify;">4.3</font></font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;">Proceedings</u><font style="font-family:'Times New Roman','Times','serif';">. &#160;All corporate and other proceedings taken or to be taken in connection with the transactions contemplated by this letter and all documents incident thereto shall be satisfactory to each Holder &#160;and its counsel, and each such Holder shall have received all such counterpart originals or certified or other copies of such documents as they may reasonably request.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;text-align:justify;">SECTION 5.</b></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Reference to and Effect on Note Agreement; Ratification of Transaction Documents</b><font style="font-family:'Times New Roman','Times','serif';">. &#160;Upon the effectiveness of the amendments in Section 1 of this letter, each reference to the Note Agreement in any other document, instrument or agreement shall mean and be a reference to the Note Agreement as modified by this letter. &#160;Except as specifically set forth in Section 1, the Note Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects. &#160;Except as expressly amended hereby, each of the Note Agreement and the other Transaction Documents are hereby ratified and confirmed in all respects and shall continue in full force and effect. Except as specifically stated in this letter, the execution, delivery and effectiveness of this letter shall not (a) amend the Note Agreement or any Note, (b) operate as a waiver of any right, power or remedy of any holder of the Notes, or (c) constitute a waiver of, or consent to any departure from, any provision of the Note Agreement or any Note at any time. &#160;The execution, delivery and effectiveness of this letter shall not be construed as a course of dealing or other implication that any holder of the Notes has agreed to or is prepared to grant any consents or agree to any waiver to the Note Agreement in the future, whether or not under similar circumstances.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;text-align:justify;">SECTION 6.</b></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Release</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">. </b><font style="font-family:'Times New Roman','Times','serif';"> Each of the Issuers</font><font style="font-family:'Times New Roman','Times','serif';"> </font><font style="font-family:'Times New Roman','Times','serif';">hereby absolutely and unconditionally releases and forever discharges each Purchaser, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former directors, officers, agents and employees of any of the foregoing, from any and all claims, counterclaims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise, which the Issuers</font><font style="font-family:'Times New Roman','Times','serif';"> </font><font style="font-family:'Times New Roman','Times','serif';">has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this letter, whether such claims, counterclaims, demands or causes of action are matured or unmatured or known or unknown. </font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;text-align:justify;">SECTION 7.</b></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Expenses</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">. </b><font style="font-family:'Times New Roman','Times','serif';"> Each Issuer hereby confirms its obligations under the Note Agreement, whether or not the transactions hereby contemplated are consummated, to pay, promptly after request by any holder of the Notes, all reasonable out-of-pocket costs and expenses, including attorneys&#8217; fees and expenses, incurred by any holder of the Notes in connection with this letter agreement or the transactions contemplated hereby, in enforcing any rights under this letter agreement, or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this letter agreement or the transactions contemplated hereby. &#160;The obligations of the Issuers under this Section 7 shall survive transfer by any holder of any Note and payment of any Note.</font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;"> </b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;text-align:justify;">SECTION 8.</b></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Governing Law</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">. &#160;THIS LETTER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF ILLINOIS (EXCLUDING ANY CONFLICTS OF LAW RULES WHICH WOULD OTHERWISE CAUSE THIS AGREEMENT TO BE CONSTRUED OR ENFORCED IN ACCORDANCE WITH, OR THE RIGHTS OF THE PARTIES TO BE GOVERNED BY, THE LAWS OF ANY OTHER JURISDICTION).</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">SECTION 9. &#160;</b><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Counterparts; Section Titles</b><font style="font-family:'Times New Roman','Times','serif';">. &#160;This letter may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. &#160;Delivery of an executed counterpart of a signature page to this letter by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this letter. The section titles contained in this letter are and shall be without substance, meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">(Signature Page Follows)</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="display:none;font-size:12pt;line-height:0pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:0pt;margin-bottom:12pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:14.71%;padding-right:14.71%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 24pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';">Very truly yours, </font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><b style="font-family:'CG Times';font-weight:bold;">THE PRUDENTIAL INSURANCE COMPANY</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><b style="font-family:'CG Times';font-weight:bold;white-space:pre-wrap;">  OF AMERICA</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';font-weight:bold;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';font-weight:bold;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';">By:</font><u style="font-family:'CG Times';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">    /s/Anna Sabiston</u></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-indent:36pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';">Second Vice President</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-indent:36pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">PRUCO LIFE INSURANCE COMPANY</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';">By: </font><u style="font-family:'Times New Roman','Times','serif';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">    /s/Anna Sabiston</u></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-indent:36pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';">Assistant Vice President</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';font-weight:bold;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';font-weight:bold;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><b style="font-family:'CG Times';font-weight:bold;">PRUDENTIAL RETIREMENT <br>   GUARANTEED COST BUSINESS <br>   TRUST</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';font-weight:bold;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';">By:</font><font style="display:inline-block;width:18.66pt;"></font><font style="font-family:'CG Times';">Prudential Retirement Insurance and </font><font style="display:inline-block;width:36pt;"></font><font style="font-family:'CG Times';">Annuity Company, as Grantor<br><br>By:</font><font style="display:inline-block;width:18.66pt;"></font><font style="font-family:'Times New Roman','Times','serif';">PGIM, Inc.</font><font style="font-family:'CG Times';">, as Investment Manager</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="display:inline-block;width:36pt;"></font><font style="font-family:'CG Times';margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';">By:</font><font style="display:inline-block;width:18.66pt;"></font><u style="font-family:'CG Times';text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   /s/Anna Sabiston</u></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 0pt 216pt;"><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-family:'CG Times';">Vice President</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;">PAR U HARTFORD LIFE INSURANCE</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;white-space:pre-wrap;">  COMFORT TRUST</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:216pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin-bottom:0pt;margin-top:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">By:</font></p></td><td style="padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin-bottom:0pt;margin-top:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">Prudential Arizona Reinsurance Universal Company, as Grantor</font></p></td></tr></table><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;padding-left:36pt;text-indent:-36pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:216pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin-bottom:0pt;margin-top:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">By:</font></p></td><td style="padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin-bottom:0pt;margin-top:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">PGIM, Inc., as Investment Manager</font></p></td></tr></table><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">By:</font><font style="display:inline-block;width:18.66pt;"></font><u style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   /s/Anna Sabiston        </u></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">Name: Ann Sabiston</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">Title: Vice President</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-indent:36pt;margin:0pt 0pt 0pt 216pt;"><font style="font-family:'CG Times';margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt 0pt 24pt 184.5pt;"><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="display:none;font-size:12pt;line-height:0pt;margin:0pt 0pt 24pt 184.5pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:0pt;margin-bottom:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.71%;margin-right:14.71%;margin-top:30pt;page-break-after:always;width:70.59%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:11.76%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The foregoing letter is <br>hereby accepted as of the <br>date first above written.<br><br></font><font style="font-family:'Times New Roman','Times','serif';margin-bottom:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 24pt 0pt;"><a name="_DV_M157"></a><b style="font-weight:bold;">WINMARK CORPORATION<br></b><br><br><br><a name="Elrd44O"></a>By<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">:    /s/Anthony D. Ishaug</u> <br>&#160;&#160;<font style="white-space:pre-wrap;">Name:  Anthony D. Ishaug<br>&#160;&#160;</font><font style="white-space:pre-wrap;">Title:   Executive Vice President and Chief Financial Officer</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 24pt 0pt;"><b style="font-weight:bold;">WIRTH BUSINESS CREDIT, INC.<br></b><br><br><br>By:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   /s/Anthony D. Ishaug</u><br>&#160;&#160;<font style="white-space:pre-wrap;">Name:  Anthony D. Ishaug<br>&#160;&#160;</font><font style="white-space:pre-wrap;">Title:   Chief Financial Officer and Treasurer</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 24pt 0pt;"><b style="font-weight:bold;">WINMARK CAPITAL CORPORATION<br></b><br><br><br>By:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   /s/Anthony D. Ishaug</u><br>&#160;&#160;<font style="white-space:pre-wrap;">Name:  Anthony D. Ishaug<br>&#160;&#160;</font><font style="white-space:pre-wrap;">Title:   Chief Financial Officer and Treasurer</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 24pt 0pt;"><b style="font-weight:bold;">GROW BIZ GAMES, INC.<br></b><br><br><br>By:<u style="text-decoration:underline;text-decoration-color:#000000;white-space:pre-wrap;">   /s/Anthony D. Ishaug</u><br>&#160;&#160;<font style="white-space:pre-wrap;">Name:  Anthony D. Ishaug<br>&#160;&#160;</font><font style="white-space:pre-wrap;">Title:   Chief Financial Officer, Treasurer and Secretary</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:12pt;margin:0pt;"> <font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:5.88%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:82.35%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>c315-20201014ex991038e43.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.7.0.58--><!--Created on: 10/14/2020 05:41:46 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title>2020 2nd Qtr Results (00022559).DOCX</title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:right;margin:0pt;">Exhibit 99.1</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><img src="c315-20201014ex991038e43001.jpg" alt="Graphic" style="display:inline-block;height:33.98pt;left:0%;padding-bottom:0.55pt;position:relative;top:0pt;width:182.18pt;"></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:72pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;text-align:left;">Contact:</font></font>Brett D. Heffes </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-size:11pt;">763/520-8500</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;">FOR IMMEDIATE RELEASE</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">WINMARK CORPORATION ANNOUNCES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">THIRD QUARTER RESULTS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;margin:0pt;">Minneapolis, MN (October 14, 2020) &#160;<font style="font-family:'Symbol';">-</font> &#160;Winmark Corporation (Nasdaq: WINA) announced today net income for the quarter ended September 26, 2020 of $9,358,800 (or $2.43 per share diluted) compared to net income of $9,113,800 (or $2.24 per share diluted) in the third quarter of 2019. &#160;For the nine months ended September 26, 2020, net income was $21,731,000 (or $5.63 per share diluted) compared to net income of $23,687,900 (or $5.76 per share diluted) for the same period last year.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;margin:0pt;">Winmark Corporation creates, supports and finances business. &#160;At September 26, 2020, there were 1,262 franchises in operation under the brands Plato&#8217;s Closet&#174;, Once Upon A Child&#174;, Play It Again Sports&#174;, Style Encore&#174; and Music Go Round&#174;. &#160;An additional 35 retail franchises have been awarded but are not open. &#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:italic;text-align:justify;margin:0pt;"><font style="font-weight:bold;"> </font><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), relating to future events or the future financial performance of the Company. &#160;Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated. &#160;Because actual result may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="display:none;font-size:12pt;font-style:italic;line-height:0pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:italic;text-align:center;margin:0pt;"><b style="font-style:normal;font-weight:bold;">WINMARK CORPORATION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt 108pt 0pt 108pt;"><b style="font-weight:bold;">CONDENSED BALANCE SHEETS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt;">(unaudited)</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:8pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:12.36%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">September 26, 2020</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:14.1%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">December&#160;28,&#160;2019</p></td></tr><tr><td colspan="7" style="vertical-align:bottom;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">ASSETS</b></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Current Assets:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Cash and cash equivalents</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 8,267,400</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">25,130,300</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Restricted cash</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 50,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">50,000</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Receivables, net</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:10pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,947,600</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">1,669,500</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Net investment in leases - current</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 10,514,200</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">12,800,100</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Income tax receivable</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> &#8212;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">497,900</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Inventories</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 85,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">86,000</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Prepaid expenses </font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,158,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">968,100</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 90pt;"><font style="white-space:pre-wrap;">      Total current assets</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 22,023,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">41,201,900</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 0pt 90pt;"><font style="font-size:10pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Net investment in leases &#8211; long-term </font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 5,090,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">12,505,500</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Property and equipment, net</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2,439,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">2,772,600</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Operating lease right of use asset</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,301,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,595,200</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Goodwill</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 607,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">607,500</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Other assets</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 458,300</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">492,500</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Deferred income taxes</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,918,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 667,000</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 35,838,600</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">61,842,200</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td colspan="7" style="vertical-align:bottom;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">LIABILITIES AND SHAREHOLDERS&#8217; EQUITY (DEFICIT)</b></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Current Liabilities:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Notes payable, net</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 4,236,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">3,736,100</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Accounts payable</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,272,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">1,015,000</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Income tax payable</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 472,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> &#8212;</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Accrued liabilities</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2,478,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">2,783,100</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Discounted lease rentals</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,522,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">2,680,700</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Deferred revenue</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,675,200</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">1,717,000</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 90pt;"><font style="white-space:pre-wrap;">      Total current liabilities</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 11,657,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">11,931,900</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Long-Term Liabilities:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Notes payable, net</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 18,691,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">21,868,800</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Discounted lease rentals</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 763,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">836,900</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Deferred revenue</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 7,270,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">7,858,500</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Operating lease liabilities</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 5,417,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 5,846,100</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Other liabilities</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 873,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">1,051,700</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 90pt;"><font style="white-space:pre-wrap;">      Total long-term liabilities</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 33,015,300</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">37,462,000</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Shareholders&#8217; Equity (Deficit):</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 12pt;">Common stock, no par, 10,000,000 shares authorized,<br>3,735,437 and 3,947,858 shares issued and outstanding</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 7,717,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">11,929,300</p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="white-space:pre-wrap;">  Retained earnings (accumulated deficit)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (16,551,500)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 519,000</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 90pt;"><font style="white-space:pre-wrap;">      Total shareholders&#8217; equity (deficit)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (8,833,700)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 12,448,300</font></p></td></tr><tr><td style="vertical-align:bottom;width:69.83%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.94%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 35,838,600</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.85%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:12.74%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;">61,842,200</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 54pt 0pt 54pt;"><font style="font-size:10pt;font-weight:bold;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="display:none;font-size:12pt;line-height:0pt;text-align:center;margin:0pt 54pt 0pt 54pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:0pt;font-weight:bold;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:30pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">2</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:9.09%;padding-right:9.09%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:center;margin:0pt 7.2pt 0pt 4.5pt;"><b style="font-family:'Times New Roman Bold';font-size:11pt;font-weight:bold;text-transform:uppercase;">Winmark Corporation </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:0pt 54pt 0pt 54pt;"><b style="font-weight:bold;">CONDENSED STATEMENTS OF OPERATIONS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 54pt 0pt 54pt;">(Unaudited)</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:9pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:22.22%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Quarter Ended</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:22.7%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Nine Months Ended</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.33%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">September 26, 2020</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.33%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">September 28, 2019</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.8%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">September 26, 2020</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:10.35%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">September 28, 2019</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Revenue:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 12pt;"><font style="white-space:pre-wrap;">  Royalties </font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 14,210,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 13,808,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 33,188,300</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 38,223,400</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 12pt;"><font style="white-space:pre-wrap;">  Leasing income</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2,695,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 4,375,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 12,040,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 12,733,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 12pt;"><font style="white-space:pre-wrap;">  Merchandise sales</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 631,200</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 704,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,746,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2,037,300</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 12pt;"><font style="white-space:pre-wrap;">  Franchise fees</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 335,400</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 377,400</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,064,900</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,183,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 12pt;"><font style="white-space:pre-wrap;">  Other</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 404,600</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 414,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,225,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,238,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 30pt;"><font style="white-space:pre-wrap;">               Total revenue</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 18,277,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 19,680,900</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 49,266,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 55,416,300</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Cost of merchandise sold</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 598,200</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 671,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,662,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,924,400</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Leasing expense</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 510,900</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 572,400</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2,443,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 1,642,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Provision for credit losses</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (339,600)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (55,500)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 164,300</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 23,900</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Selling, general and administrative expenses</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 5,009,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 6,217,600</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 15,719,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 19,637,900</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 30pt;"><font style="white-space:pre-wrap;">               Income from operations</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 12,497,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 12,274,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 29,277,400</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 32,188,100</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Interest expense</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (345,700)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (406,200)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (1,409,600)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (1,348,700)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Interest and other income (expense)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 9,200</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 27,700</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (5,900)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 30pt;"><font style="white-space:pre-wrap;">               Income before income taxes</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 12,161,300</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 11,869,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 27,895,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 30,833,500</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Provision for income taxes</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (2,802,500)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (2,755,200)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (6,164,500)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="white-space:pre-wrap;"> (7,145,600)</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Net income</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 9,358,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 9,113,800</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 21,731,000</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 23,687,900</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Earnings per share - basic</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2.51</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2.39</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 5.86</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 6.19</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Earnings per share - diluted</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2.43</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 2.24</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 5.63</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 5.76</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Weighted average shares outstanding - basic</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,730,490</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,808,863</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,710,112</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,829,329</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:48.3%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Weighted average shares outstanding - diluted</p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,857,702</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 4,065,301</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.19%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.6%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 3,857,754</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.22%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:9.12%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"><font style="white-space:pre-wrap;"> 4,112,318</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.68%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;">3</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:9.09%;margin-right:9.09%;margin-top:30pt;page-break-after:avoid;width:81.82%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>5
<FILENAME>c315-20201014ex99246e2b7.htm
<DESCRIPTION>EX-99.2
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.7.0.58--><!--Created on: 10/14/2020 05:41:51 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title>Ex_99.1_2017_2nd_Qtr_Dividend.DOCX</title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:right;margin:0pt;">Exhibit 99.2</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><img src="c315-20201014ex99246e2b7001.jpg" alt="Graphic" style="display:inline-block;height:37.86pt;width:202.97pt;"></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:72pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">Contact:</font></font>Brett D. Heffes </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-size:11pt;">763/520-8500</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;">FOR IMMEDIATE RELEASE</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">WINMARK CORPORATION ANNOUNCES </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">QUARTERLY CASH DIVIDEND AND SPECIAL DIVIDEND</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:14pt 0pt 0pt 0pt;">Minneapolis, MN (October 14, 2020) &#160;<font style="font-family:'Symbol';">-</font> &#160;Winmark Corporation (Nasdaq: WINA) announced today that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. &#160;The quarterly dividend of $0.25 per share will be paid on December 1, 2020 to shareholders of record on the close of business on November 11, 2020. &#160;Additionally, the Board of Directors has approved the payment of a special dividend to shareholders. &#160;The special dividend of $3.00 per share will be paid on December 15, 2020 to shareholders of record on the close of business on November 11, 2020. &#160;The total amount of the special dividend payment will be approximately $11.2 million based on the current number of shares outstanding. &#160;It is anticipated that Winmark will use cash on hand to finance the special dividend. &#160;Future dividends will be subject to Board approval.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:14pt 0pt 0pt 0pt;">Brett D. Heffes, Chairman and Chief Executive Officer, stated &#8220;Today&#8217;s announcement of a $3 per share special dividend is our latest step in returning capital to our shareholders.&#160; Our strong balance sheet and favorable cash flow characteristics allow us to provide shareholders with this dividend, while preserving financial and operational flexibility for the future.&#8221;</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:14pt 0pt 0pt 0pt;">Winmark Corporation creates, supports and finances business. &#160;At September 26, 2020, there were 1,262 franchises in operation under the brands Plato&#8217;s Closet&#174;, Once Upon A Child&#174;, Play It Again Sports&#174;, Style Encore&#174; and Music Go Round&#174;. &#160;An additional 35 retail franchises have been awarded but are not open.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:italic;line-height:1.19;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:justify;margin:0pt;"><i style="font-style:italic;">This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), relating to future events or the future financial performance of the Company. &#160;Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated. &#160;Because actual result may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.</i></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>c315-20201014ex991038e43001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c315-20201014ex991038e43001.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !* 8T# 2(  A$! Q$!_\0
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MGECQVST[UK[&?+S6T(YXWL>B45P?BGXB7?A34!!=^'I&@D+?9YQ<KB4#&3@
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MDY/IZ5YW_P +OC_Z +_^!0_^)JX4IS5XH3FH[G=^+Y&CT?G/V<LPFXR#\C;
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M7?'#IH7UG_\ 9*Y#X8_\E"TS_MI_Z+:NO^.'30OK/_[)7(?#'_DH6F?]M/\
MT6U52_W?[R9?Q#Z,KY[^+'_(_7/_ %PB_P#0:^A*^>_BQ_R/US_UPB_]!KGP
M?\3Y&M;X3B:]>^''Q&W>3H>N3_-PEK=.>OHCGU]#^!]^'\+^$)_%6FZJ]D_^
MFV8C>*(X"R@[LKGL>!@]*YN6*2&5XI8V21"5='&"I'4$5W3C"K>#W1A%N.I]
M<45Y3\-?B$;KRM"UF?,XPMK<.?\ 6>B,?[WH>_3KU]6KRJE.4)69U1DI*Z/
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M-1.#(B[85/\ %(>%'Y\_0&OF*21YI7EE<O([%F8]R3DFO1OB_P"(?M^N1:-
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MIP.*H6_P?TBSN$N+75M6@G0Y22.5%93Z@[:[H5H*ER-F#A)SYCT2OGOXL?\
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M.M'45T:[.DJC7XC/DA\8S^/&<9QGC.*K>';];_3Y&^T7<LL4ICE6[B6.6)P
M2K!0!W!R.QZFJOCF>:U\%:I-;RO%*D0*O&Q5E^8="*S_ (9N\WA1YY69YI;N
M5I)&.6<Y R3W. !^%)+W ZFA+JEXESXD0. +*!)+<;!\I,1;/O\ ,*U-&N9;
MS0]/NIF#2S6T4CD#&6*@G^=>:?%.>6VUZR6"5XA<VXCG",5\U1(,*V/O#YCP
M?4^M>K(BQQJB*%50 % P *<DE%,$]3B_"^M:WJ>I1&0SS6A-PMPTEJ(XH]LC
M+'Y;@#>> ".>YXK8\3W]S8K8+;RW,8FG9'-M;^?(0(V887![@9XIO@C_ )%:
M'_KXN?\ T?)5O5/^0QHG_7S)_P"B7INW/L)?"/\ #TVH7&@6<NJQF.]9/WJE
M-AZG!*Y."1@D=B:YV;4]8DT+5/$$>HI&MI-/Y5GY2F,QPN5*NQ^;+;2<@C&>
ME=I7C?B"1U^)QTY786,]W TML#^ZD)Y)9>A)('4=J*:YFPD[(]?$N^U$J@J2
MFX!AR.,\UR/@S7-2U:["W4\LD7V"&>03VZPL)'SRF/O(0#S["NPF_P!1)_NG
M^5<1X?\ EU/PD5X+Z%(&Q_$ 8<9]<9/YFE%)Q8WN;OBF:]M-/2ZLKY[=EEBC
M*B-&#!Y%4GY@>@)K7C!M;4>?.TIC4EY64 G'? &/R%9/B_\ Y '_ &]6_P#Z
M.2MWUJ7\*'U*]G>V^H6BW-K)YD39VM@C./K7.Z'J=]?Z[?QSS7;0P7DT**MN
MOD[5Z OC.>?6NH_AKG_"G36O^PM<?S%"V8F6M<O[BRN-&2!PJW.H+!+E0<H8
MY&Q[<J*9XMOKO3O"]W=6$JQ72[%CD90P4LZKD@]>M0^)_P#C\\._]A9/_14M
M)XX_Y%&[_P!^'_T:E-;H'U$T77+C4M56WE"QF.U87$.!E)UDVMSZ=QZ@@U)X
MKUG^R=.BCCO(+.YNYA!%//C9%W9SD@'"@\=SBJ&GHJ_%/6MJ@;M.MV.!U.YA
MG]!^57;E%F\>622J'5=.F9589 )DC!(JK)2%?0M^&]837= M;X,C.RE)=C @
M2*=K8QVR#CV(K!O?$>H6/BO4K>1T.FQQ111G8 89G1F5B>X8KMY[D>M:?AY1
M'K?B6) %C6_0JHX S!$3@>YYKG]?17C\?!E# 6$!&1GD1.0?SIQBN9H&W8[/
M1KF6\T+3[F=MTLUM'(Y QEBH)X^IK*\.7&H:S:0:S-?LD4[,RV:1IL1,D!2V
M-Q;@$G(YR,5HZ!_R+6E_]><7_H KSNTN9[;XQO803R16;73,UO&Y6,DPLQ)4
M<9)Y^M)1OS!?8[?Q7J%UIUG9-:22(TU[%"YBB$CE6SD*#QG@5J:8\DFG0O*T
M[.0<FXC$;]3U48 KD?BM+)!X2BFAD>.5+V(JZ,0RGGD$=*U/ %Q-=>!],GN)
MI)I65]TDC%F/SL.2:EKW$QWU.EKB=?U[4['6[N*WFE2* 6I4>0K0@.Y#F1\9
M48''-=M7C_C>:4?$ZTM1*XM[C[*LT.X[)!N;AAT/XU5))O4).R/5=3FDM]*O
M)XCB2.!W0XSR%)%8L>KWC2>%1YBXU!2;CY!\W^CE^/3YAVKI,9&#TKR3X<RR
M3>-+J&61GBM8)EMT8Y6$>;C"#^$8&.*45=-@WJ>B>))-3BTQ'TM9&=9E,XA5
M6E\KG=Y8;@MTZ]L]\59T6\BO]'MKJ&YDN4D4D2R)L8\D'*X&"",'CM7,_$Z\
MNK+PS;RVES-;R&\12\3E#C:_&16MX)4+X+TC  S;JQQW)Y)_$\TK>Y<.I:T*
M]GO8[\SN&,-]-"F!C"*V *YS5?$NIZ;K.N!I(_L$*"& [!F&8P>8I)[JQR.>
M^/6MOPO_ *K5?^PG<_\ H5<YXA1)-,^(*NBL/)C.&&>1;J0?S%7%)R:$]CL]
M)GDNM&L;B8@RRP1NY QDE03Q^-87@_4[_583<7D]VYS*,-;JD/$A4;6 R3@>
MOK6WHG_( T[_ *]HO_017EWPQOKN3QGJ%H]U.ULD=P4A,A**?.'(7H.I_.DD
MFI!?5'H'BBZU*S6TFM?M"V*LYO)+6)9)47;\I"MG*YSG )Q6U;3)<V44\$HE
MCEC#QR=G!&0?QKSSXM7MW:6^EK;74T*RF99!'(5#C:O!QUZFO0+%$BTZVCC1
M41855548   P *EKW4Q]68?A;4;R=Y[/5YIUU6-5>:VEC1549(W1%1\R'IG)
J(QS@UTM>:?"BXGOGU>YNYI+B=?)C669B[!<$[03SC/.*]+HJ*T@CL?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>c315-20201014ex99246e2b7001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c315-20201014ex99246e2b7001.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !3 ;L# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#WZBN+/Q4\
M)J2#?3 CJ#;/Q^E.A^*'A6>=(8KV9I)&"JHMGY)X]*OV4^PN>/<[*BBBLR@H
MK#U_Q;I'AIH!JDTD7G E"L3,#CKR![UC_P#"UO"7_/\ R_\ @._^%6J<Y*Z1
M+DENSM**P-!\9:+XDN9+?3+B262--[;H64 9QU(K?J7%Q=F--/8**,UR5[\2
M?#.G7TUG<WDR3PN4=?L[\'\J<8N6R!M+<ZVBN-C^*7A2:5(X[V9G<A5 MGY)
M_"M+6_&FB^'IXX=2FFB:1=ZD0.P(^H&,^U/V<[VL+F1T%%<7_P +6\)?\_TO
M_@._^%;NA>)M,\212RZ;)+)'&0&9XF0?AD<T.G**NT"DGL:]%9FMZ]8>'K(7
MFHR/' 6"[EC9\$_2N=_X6MX2_P"?^7_P'?\ PHC3E)72!R2W.UHKE]+^(/AW
M6=1BL+&ZEDN)?NJ8' _,CBNHI2BXZ-#33V"BBBI&%%<G?_$?PWIE]+9W=U-'
M/$Q5E-L_7VXYJ!?BGX3=U1;V8LQP +9R2?RK14IO6Q//'N=G134<.BN,X89&
M1BN;U?Q]X?T+47L=0N98IT ) @<CGT(&#41BY.R&VEN=-17%?\+6\)?\_P!+
M_P" [_X5K:#XQT;Q)<20:9/)*\2[GW0LH ^I%4Z<TKM"4D]F;]%%%04%%%<E
M>_$GPSIU[-9W5W,D\+E'7[._!'X548N6R$VEN=;17%?\+6\)?\_\O_@._P#A
M6_H/B33?$EO+/IDLDD<;;69HF09]LCFFZ<HJ[0E)/9FM1114%!16'K_B[2/#
M+P)JD\D1F!*%8F8''7D"L;_A:WA+_G_E_P# =_\ "K5.;5TB7)+=G:T5@Z#X
MPT;Q+/-#I=Q)*\*AGW1,H )QU(K>J6FG9C3OL%%%5M0OX-,L9;RYW^3$NYMB
M%SCV Y-(99HKBO\ A:OA+_G_ )?_  '?_"E_X6MX2_Y_I?\ P'?_  K3V4^Q
M//'N=I17%_\ "UO"7_/]+_X#O_A2?\+6\)?\_P#+_P" [_X4>RGV#GCW.UHK
MC8_BEX1<X.ILG^];R?X5T.F:]I6LJ6T[4+:ZQU$4@)'U'6DX2CN@4D]C1HHK
M/UC6;/0K!KV_=T@4@%DC+XS["I2OHBC0HKBO^%K>$O\ G_E_\!W_ ,*U="\9
MZ)XCNI+?3+B262-=[;H64 ?4BJ=.:5VB5)/9G04445!045R5]\2/#.FWTUG=
M7<J3PL5=?L[G!_*J_P#PM;PE_P _\O\ X#O_ (5I[*;Z$\\>Y!XI%S=ZL8EA
M^T21,/)MV52"A0DL RL,YXSCVJ@+N6R1+>WU":.-%7]W"C;%.,D#TP<C';I6
MS;>*_"7BV^BL(]UU.<E-ULXV^OS8X_.NKAL[:WA6*&"..-1A550 *IR<=)(5
MKZH\1^+^A_8/$4.J1)B&_3Y\?\]5X/YC'Y&N4\):FFC>*]-OY<>5', Y(SA3
M\I/X YKW3XC:'_;?@V[1%W7%L/M,/U7J/Q7(KYQX(]C7=AY>TI<K,*BY97/K
MD'(I:Y7X=ZW_ &YX.LY';,]N/L\WU7H?Q&#74DX!)KS91<6TSI3NKGE/QIU2
M-;'3]*&#*\AN&YY50"!^9/Z5XY71>.=:_MWQ=?72L6A1_)A_W5X_4Y/XUDKI
M=VVCR:J(_P#1$F$#/_M$9_S]17JT8\E-)G)-\TFST3X,ZNEOJM[I4A ^TH)8
MSCJR]1^1_2O:J^5="U231=<L]1C/S02AB/4=Q^6:^I;>>.YMHIXFW1RH'0^H
M(R*X\7"T^;N;4975B0\5\X_$;58]5\:WCP@>7!B $?Q%>I_,_I7NWBK5UT+P
MU?:@2-T<9" ]V/ 'YU\P.[2.SN2SL2S'U)ZU>#AJY"K2Z'HGP@T,7WB"74Y4
MS%9+\A/3S&Z?D,UW7Q9&? T_'26/^=7?AQHG]B^#[4.N)[G]_)QSST'Y8JG\
M6?\ D1I_^NL?\ZB4^>NGYC4;4SY^/>OI[P:,>#]* Z?9UKYA-?3W@[_D3]*_
MZ]UK;&_"B*.[)/%0!\*ZF" 1]G?@_2OEP?='TKZD\4_\BMJ?_7L_\J^6Q]T?
M2E@MF%;=&KX?URZ\.ZS!J5I@O&<,C='4]17T?X<\16/B;2DOK)^.DD9^]&WH
M:^9+FQN;2."2>%D2=/,B8]'7U%:/AGQ+?>%]52]LVRIXEA)^61?0_P!#6M>B
MJBNMR83Y=&?4-%9>@:_8^(]*CO[&3<C<.A^\C=P:U*\MIIV9U)W/&?C8!_:.
MEG'/E/S^-<G\.P&\>Z4" 1YC=?\ =-=;\;/^0CI7_7)_YUR7PY_Y'[2O^NC?
M^@FO2I_[O\F<TOXA](UY%\;1\VD'_KI_2O7J\A^-O72/^VG]*X\-_%1M5^%G
MD=>F?"'Q*MAJ<NB7# 179WPD]I .1^('Z5YQ;V\MU,(H$+R$$A1U( R?T%)!
M-+;7$<\+E)8F#HPZ@@Y!KTZD%.+BSFB^5W/K:BL+PCX@C\2^'K:_7 E(V3(/
MX7'45NUXS33LSL3NKD5U<PV=K+<7#A(8D+NQZ  9)KYA\3ZV_B'Q%>:FPVK*
M_P B_P!U!PH_(5Z?\7_$_P!GM(] MI,23@27)!Z)V7\3S^%>/V]K-=>;Y,9?
MRHVED(_A4=2?S%>AA*?*N=]3GJRN[(AKZ3^'H \!:1@8_<#^9KYLKZ4^'O\
MR(>C_P#7 ?S-/&? @H[G3444V1UBC9W8*B@EF)X '>O-.D\V^,6MQ6V@PZ.
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MU>)7=Y<ZA=R75W,\]Q*V7=SDL:YJ&&<O>EL:3JVT1:US6[SQ!JLNH7SAI9.
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M *":(*V'L_,)?Q#Z2KR'XV]=(_[:?TKUZO(?C;UTC_MI_2N/#?Q4;5?A.'\
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6J@P#"&.3G)/)-;(Z445SS^)FBV/_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>8
<FILENAME>c315-20201014.xsd
<DESCRIPTION>EX-101.SCH
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Toppan Merrill Bridge  9.6.7556.35618 -->
<!--Based on XBRL 2.1-->
<!--Created on: 10/14/2020 5:42:00 PM-->
<!--Modified on: 10/14/2020 5:42:00 PM-->
<xsd:schema targetNamespace="http://www.winmarkcorporation.com/20201014" attributeFormDefault="unqualified" elementFormDefault="qualified" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:invest="http://xbrl.sec.gov/invest/2013-01-31" xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31" xmlns:srt-types="http://fasb.org/srt-types/2019-01-31" xmlns:us-roles="http://fasb.org/us-roles/2019-01-31" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:currency="http://xbrl.sec.gov/currency/2017-01-31" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:naics="http://xbrl.sec.gov/naics/2017-01-31" xmlns:srt-roles="http://fasb.org/srt-roles/2019-01-31" xmlns:country="http://xbrl.sec.gov/country/2017-01-31" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:srt="http://fasb.org/srt/2019-01-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:exch="http://xbrl.sec.gov/exch/2019-01-31" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:sic="http://xbrl.sec.gov/sic/2011-01-31" xmlns:us-types="http://fasb.org/us-types/2019-01-31" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:attributeFormDefault="unqualified" xmlns:stpr="http://xbrl.sec.gov/stpr/2018-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:wina="http://www.winmarkcorporation.com/20201014">
  <xsd:annotation>
    <xsd:appinfo>
      <link:roleType roleURI="http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation" id="DocumentDocumentAndEntityInformation">
        <link:definition>00090 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:linkbaseRef xlink:type="simple" xlink:href="c315-20201014_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="c315-20201014_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/dei/2019-01-31" schemaLocation="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>9
<FILENAME>c315-20201014_lab.xml
<DESCRIPTION>EX-101.LAB
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Toppan Merrill Bridge  9.6.7556.35618 -->
<!--Based on XBRL 2.1-->
<!--Created on: 10/14/2020 5:42:00 PM-->
<!--Modified on: 10/14/2020 5:42:00 PM-->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldt="http://xbrl.org/2005/xbrldt">
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Document and Entity Information [Abstract]</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Document Type</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Document Period End Date</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity File Number</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Registrant Name</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Incorporation, State or Country Code</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Tax Identification Number</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Address, Address Line One</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Address, Adress Line Two</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Address, City or Town</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Address, State or Province</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Address, Postal Zip Code</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">City Area Code</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Local Phone Number</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Written Communications</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Soliciting Material</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Pre-commencement Tender Offer</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Pre-commencement Issuer Tender Offer</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Title of 12(b) Security</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Trading Symbol</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Security Exchange Name</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Emerging Growth Company</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Entity Central Index Key</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">Amendment Flag</label>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>10
<FILENAME>c315-20201014_pre.xml
<DESCRIPTION>EX-101.PRE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Toppan Merrill Bridge  9.6.7556.35618 -->
<!--Based on XBRL 2.1-->
<!--Created on: 10/14/2020 5:42:00 PM-->
<!--Modified on: 10/14/2020 5:42:00 PM-->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <roleRef xlink:type="simple" xlink:href="c315-20201014.xsd#DocumentDocumentAndEntityInformation" roleURI="http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation" xmlns="http://www.xbrl.org/2003/linkbase" />
  <presentationLink xlink:role="http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation" xlink:type="extended" xlink:title="00090 - Document - Document and Entity Information" xmlns="http://www.xbrl.org/2003/linkbase">
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType_637382941204607641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentType_637382941204607641" order="1" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate_637382941204607641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentPeriodEndDate_637382941204607641" order="2" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber_637382941204607641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityFileNumber_637382941204607641" order="3" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName_637382941204607641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityRegistrantName_637382941204607641" order="4" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode_637382941204607641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityIncorporationStateCountryCode_637382941204607641" order="5" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber_637382941204607641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityTaxIdentificationNumber_637382941204607641" order="6" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressAddressLine1_637382941204617641" order="7" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressAddressLine2_637382941204617641" order="8" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressCityOrTown_637382941204617641" order="9" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressStateOrProvince_637382941204617641" order="10" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressPostalZipCode_637382941204617641" order="11" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_CityAreaCode_637382941204617641" order="12" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_LocalPhoneNumber_637382941204617641" order="13" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_WrittenCommunications_637382941204617641" order="14" use="optional" priority="2" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SolicitingMaterial_637382941204617641" order="15" use="optional" priority="2" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementTenderOffer_637382941204617641" order="16" use="optional" priority="2" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementIssuerTenderOffer_637382941204617641" order="17" use="optional" priority="2" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_Security12bTitle_637382941204617641" order="18" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol_637382941204617641" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_TradingSymbol_637382941204617641" order="19" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName_637382941204627623" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SecurityExchangeName_637382941204627623" order="20" use="optional" priority="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany_637382941204627623" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityEmergingGrowthCompany_637382941204627623" order="21" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey_637382941204627623" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityCentralIndexKey_637382941204627623" order="22" use="optional" />
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag_637382941204627623" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_AmendmentFlag_637382941204627623" order="23" use="optional" />
  </presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>c315-20201014x8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="c315-20201014.xsd" xlink:type="simple"/>
    <context id="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000908315</identifier>
        </entity>
        <period>
            <startDate>2020-10-14</startDate>
            <endDate>2020-10-14</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Tc_uwglAyBWd0qX0cTXLtWA_A_2_1">0000908315</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Tc_0O9iNYpOmE-lbhS0dVE0Hg_3_1">false</dei:AmendmentFlag>
    <dei:DocumentType
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_ztP3Yh5odEqi_z5JsAZoEA">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_sDjpGIsPgUeiQBBIqubh2Q">2020-10-14</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_SxLVL6wB_U6AR7HpnGi65g">Winmark Corporation</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_6IS-NpKNGkaJYfwP-lYVsQ">MN</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Tc_reY7ly8IvE2TRiBV--MTiA_1_0">000-22012</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Tc_DA6rb55rzEy3CX0Yt6ISzw_1_1">41-1622691</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_kUotzJRRN0C3RSI94CyKdQ">605 Highway 169 North</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_qH_oADHYykquVLdz7uyAFQ">Suite 400</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_BFrA_yQUDEaeL-y_3dttqA">Minneapolis</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_Ou-JhEJicUmsqatV6LowrA">MN</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_Gn1fWZltWUSwkW0eSMb7Cg">55441</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_25M505W8AESa2JsFOtCDew">763</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_VuqW6zm6tEaWsC0m-N2yFg">520-8500</dei:LocalPhoneNumber>
    <dei:WrittenCommunications
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_VITjUkHQJke5sfmLHlG0bg">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_lQAl_w53G0qMSxisJwEnQQ">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_eOXEhY2nc0Gk1gefS_EFBQ">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_aXXgIqh-3E6_ZLhF7HZj9w">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Tc_W-VfIOXFJkOYMMfhJ0qcEQ_2_0">Common Stock, no par value per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Tc_6VVqpbdTu0ORhEJf6_bGUQ_2_1">WINA</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Tc_8YMAvFEvOEOgWkuO4eB6dQ_2_2">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany
      contextRef="Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw"
      id="Narr_nwwOZiVB3Uef0fdwtmVvog">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140195724752424">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Oct. 14, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Document and Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Oct. 14,  2020<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">000-22012<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Winmark Corporation<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">MN<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">41-1622691<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">605 Highway 169 North<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Adress Line Two</a></td>
<td class="text">Suite 400<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Minneapolis<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">MN<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">55441<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">763<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">520-8500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, no par value per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">WINA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000908315<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>13
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
M4$L#!!0    ( !MN3E$'04UB@0   +$    0    9&]C4')O<',O87!P+GAM
M;$V./0L",1!$_\IQO;=!P4)B0-!2L+(/>QLOD&1#LD)^OCG!CVX>;QA&WPIG
M*N*I#BV&5(_C(I(/ !47BK9.7:=N')=HI6-Y #OGD<Z,STA)8*O4'J@)I9GF
M3?X.CD:?<@X>K7A.YNJQ<&4GPZ4A!0W_<FW>J=0U[R;UEA_6\#MI7E!+ P04
M    "  ;;DY1:WN 1^\    K @  $0   &1O8U!R;W!S+V-O<F4N>&ULS9)1
M2\,P$,>_BN2]O::=(J'+BV-/"H(#Q;>0W+9@TX3DI-VW-ZU;A^@'$/*2NW]^
M]SM(JX/0/N)S] $C64PWH^OZ)'18LR-1$ !)']&I5.9$GYM['YVB?(T'"$I_
MJ -"755WX)"44:1@ A9A(3+9&BUT1$4^GO%&+_CP&;L99C1@APY[2L!+#DQ.
M$\-I[%JX B88873INX!F(<[5/[%S!]@Y.2:[I(9A*(=FSN4=.+P]/;[,ZQ:V
M3Z1ZC?E5LH). =?L,OFU>=CLMDS655T5/)_5CC=B=2]NF_?)]8??5=AY8_?V
M'QM?!&4+O_Z%_ )02P,$%     @ &VY.49E<G",0!@  G"<  !,   !X;"]T
M:&5M92]T:&5M93$N>&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M
M3A^%$5B-;'EDD81_OT<V$,N6#>V23;J;/ 0LZ?O.14?GZ#AY\^XN8NB&B)3R
M>&#9+]O6N[<OWN!7,B0103 9IZ_PP JE3%ZU6FD PSA]R1,2P]R"BPA+>!3+
MUES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,!
M$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9K
MQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2
MBW <!.!1NY["G?1LOZ1!";2C:=!DV/;:KI&FJHU33]/W?=_KFVB<"HU;3]-K
M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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MN KP?JFUW1?<EW/YQ\?P'U!+ P04    "  ;;DY1@ZFE ]0!   R!@  #0
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M$<+NOS^QO-9.&G_FB^$_7G\!4$L! A0#%     @ &VY.40=!36*!    L0
M !               ( !     &1O8U!R;W!S+V%P<"YX;6Q02P$"% ,4
M"  ;;DY1:WN 1^\    K @  $0              @ &O    9&]C4')O<',O
M8V]R92YX;6Q02P$"% ,4    "  ;;DY1F5R<(Q &  "<)P  $P
M    @ '- 0  >&PO=&AE;64O=&AE;64Q+GAM;%!+ 0(4 Q0    ( !MN3E&4
MKZ/)1P0   01   8              " @0X(  !X;"]W;W)K<VAE971S+W-H
M965T,2YX;6Q02P$"% ,4    "  ;;DY1@ZFE ]0!   R!@  #0
M    @ &+#   >&PO<W1Y;&5S+GAM;%!+ 0(4 Q0    ( !MN3E&7BKL<P
M !,"   +              "  8H.  !?<F5L<R\N<F5L<U!+ 0(4 Q0    (
M !MN3E$<.&7J/P$  #P"   /              "  7,/  !X;"]W;W)K8F]O
M:RYX;6Q02P$"% ,4    "  ;;DY1)!Z;HJT   #X 0  &@
M@ '?$   >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4    "  ;
M;DY199!YDAD!  #/ P  $P              @ '$$0  6T-O;G1E;G1?5'EP
=97-=+GAM;%!+!08     "0 ) #X"   .$P     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.20.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>95</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="c315-20201014x8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00090 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="c315-20201014x8k.htm">c315-20201014x8k.htm</File>
    <File>c315-20201014.xsd</File>
    <File>c315-20201014_lab.xml</File>
    <File>c315-20201014_pre.xml</File>
    <File>c315-20201014ex101daa3d4.htm</File>
    <File>c315-20201014ex103f6ca72.htm</File>
    <File>c315-20201014ex991038e43.htm</File>
    <File>c315-20201014ex99246e2b7.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2019-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>18
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "c315-20201014x8k.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "contextCount": 1,
   "dts": {
    "inline": {
     "local": [
      "c315-20201014x8k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "c315-20201014_lab.xml"
     ],
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "c315-20201014_pre.xml"
     ]
    },
    "referenceLink": {
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml"
     ]
    },
    "schema": {
     "local": [
      "c315-20201014.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd"
     ]
    }
   },
   "elementCount": 24,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2019-01-31": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 95,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "wina",
   "nsuri": "http://www.winmarkcorporation.com/20201014",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "c315-20201014x8k.htm",
      "contextRef": "Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00090 - Document - Document and Entity Information",
     "role": "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation",
     "shortName": "Document and Entity Information",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "c315-20201014x8k.htm",
      "contextRef": "Duration_10_14_2020_To_10_14_2020_YgA-csXpJ0Wp9tNpDYuQSw",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Cover page.",
        "label": "Document and Entity Information [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Adress Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.winmarkcorporation.com/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>19
<FILENAME>0000908315-20-000027-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000908315-20-000027-xbrl.zip
M4$L#!!0    ( !MN3E$V=V-<80,   X,   1    8S,Q-2TR,#(P,3 Q-"YX
M<V2U5M]OVC 0?I^T_\'C/7$"I2V(MEK73:I4MJGKI+Y-QC%@-;$SVRGTO]_9
MQ.&70^FT/1'\W7?WW9WODM'5LLC1,U.:2W'12>.D@YB@,N-B=M&I=$0TY;QS
M=?G^W>A#%#U>W]^A3-*J8,(@JA@Q+$,+;N;H098E$6C,E.)YCJX5SV8,H4%\
M&I_U^Z=QKW^:GJ,HJCU=$PU,*9!SV8W3!OE4>Y5BB-($IR>XFW03U!^>=(=)
M@KZ/&\LQR)SRUTV7.AMJ.F<%08:H&3-?2<%T22B[Z,R-*8<8+Q:+>,%%0=03
ME:J4BA@H2$QEX5RF27K20<08Q2>585^D*F[8E%2Y@2*)WQ7)G1"H7<YL:;8,
M-F HMM!#T+,=N!=+-8- 28H?QW<_G%1OS,4STZ:Q7TY4'FM&XYE\QBL,B&DO
M2M*HEWI2QGB8 8 U'VR;0Y]GA)0-94KTQ$FJ@0!%*Q.9EY+I?5(#A2,IF8=8
M'@F0%)MNU<ME5%?L% /:%!: ;*=6M5T?KT!O*J0051%VFQF%;0(8C"*P8HI3
MSZ.54C @+^'R>M0F<;:=Q#)OS:&''^^X>&JD$4YUV+^# LYMR5OJVD"!PE)9
M":/:<EF!@6B54:VY##"@&[*"@@)2<BC @0)9> (KPYNS)9V'95LDX/^(9F\W
M>KFGJ![3=# 88(<V:7(:U@* E9+NS4#+Y'@DI)_-[%8\4'?;9%R;>=81&ZM.
MP92J)0= K)[SG>L,-OQ P[C0A@C*UCN/O[[SHET6K&3RIAT-ZQXAM_")$-(X
M"W?F3\N2BZFLC^#0]G%H2_< A4?VX>?][3$A7;EOZE>A__THLL_"</-R"T%4
MX:P[B$/;CK)L9'EA&9MRP5T2"?0X01'R#C8?B<C0RAO:<#?"NSYVW5?P#OXF
M+MUSJ9@&7XYIMU'-KDT.,2G):97_!7&MK)U7G_H.[33.KX5[-D5N)(=V?BXZ
MFA=E;F^1.YN[%PCMI?W(7Y1?D&X,=\R;6/\';K-K]FZ%ZL#>!5%TS\O>R@ G
MLF3*<!CR]4[#_RRMG$S>FA906/Y_\AGAW9FK3[9GTTTFI":502+X:=:V6U9?
M=7>2.F<'*/9?LUTB>Q2E75AG,83V>@_+"'],'"G $VSD_AMCMGVZA4+K-I)]
MB-;LM8150U:^+O\ 4$L#!!0    ( !MN3E$-B1OXDP4  !X_   5    8S,Q
M-2TR,#(P,3 Q-%]L86(N>&ULU9OA;]HX&,:_GW3_PWO<ESMI 9*NO2MJ.W6L
MFZJC*QJ<;KK3:0J) >N"C1Q3X+\_.XDI"7:@T 7S9<MXGSQ^'_<WQPGIU;O%
M)((GQ&),R77-K3=K@$A 0TQ&U[59[/AQ@''MW<V//US]Y#A?WW_I0$B#V001
M#@%#/D<AS#$?0Y].ISZ!!\08CB)XSW X0@"7]8OZ;^?G%_6S\POW=W"<S.F]
M'XLS*8'$TJN[JTH[<Z6D!6ZSX;YM>$VO">>MMUZKV83NPTKY(-H<XNW2")/_
M6O*/@1@41& 2MQ8QOJZ-.9^V&HWY?%Z?G]4I&XGSFV[CZT.G%XS1Q'<PB;E/
M E0#H6_%R8<=&O@\F:VUTQ<#%BF#L\9J+*-"_LM1,D=^Y+B><^;6%W%8RUJ4
MY1T&4?+%AC[+Y%Y>7C:2ZDHJC$*^TJ[[GC?28DU,'$ V=?X 11UQ!(E+BR^G
MZ+J&%AR1$,EVDT\9C5!)N[*<])PZ2V\:Y PC.;&4*;\Q0\/4+U8]QBBHC^A3
M(T18F+J7\L"1!T[3S2;O9_'1MS851-\.8L[\@"N_),5U35>7D[+33#=6O4NS
M6Y8/X+- #28.M\Q'IF@$5/ UY4[BJ$X?,CK1MYH.1S7%;]$@VC]++@A#,9VQ
M!/O=?[3K_9OF>M6C4,@%!A'GS]X+FK[YH-8>GX1P1SCF2[@G0\HFR?])^$>-
M].]5VM'WATVUU!>^FOR%LL6HZ8(HTM9KEH*F;?%@SJ1;Y2AU$<,TO"/A!W$E
M+(E:U)T 7-IH1<IR(LMQT_=Z,'>IK5CB0I#&E2&8KJD?<80^SR8#Q#3)-1*+
MP3,%4LP5ZY;B9FQS7]*RBZ=TA-2R8L:^H!&6UVK"/_L3W2IGD%G/FCY8GK>\
MQFKF#*T>R-VS*TC;BMF[%[>X;$I9LFGL<;' MNF,<+9LT]",XK:SK"=SI]AY
M4$M/L9K;W3H_$./<(&\@&08H@VPHD&-5S';?7]R'8@N!ASA]4+'E0F[66\_S
MEJAYD@UBJQG>UO.!] I[R/L?9RMP&X9B[N+LKPXFR#5.B5YK/:HE$?.8:H16
M(UK6[X%X9IYOU %(=W@D5:^HFQ&]%TR'=YIX>KOBZ9T8GMYWP/.9SOZ<'H?.
MMCA\9'TZ)]OF(J<\%3(WXVFY?):= I6:;E^+26DM-Z+2_#A )GOA1]9E] F3
MP'Q7992?"IJ&H%H^"]I3@-34\FN1NKIG4B,<!]<NC;D?_8VGI8\ #.)3054;
M4@MJ3GD*F.H;?BU(4W<0]M7>TLME_)8AWP!EH6PQAKH@JZ^QUVJ6HJ9M<5^X
MDFNS=*N6)?GB2M0=4V+^:D<CL9@I4R#%5;%N*5O&-O?E*S&$Q+'JYSE_,<PY
M(FTZF<Q(]DPIUF0VZ2RFK32:0DXKLI2[\E[WA2]SA;QM90#V:(0#S#$9/8AM
M)<.^+KE69#%ZYE"*NTV%I="5-+HO<<^6H#PKPZW+D 0=B1]?\NZ1?".2/0Z'
MVJMKJ=AB_+:'5!B:E9;BN$/#^V(IK)U@S1M2<TC<CP7H?1S/$'L1IKI33@=6
M8V #LAOZTP#7W/:KX9L.<1R*>RB8B7W%TO4&?<PCW:VP1F(QI:9 J^MYH6XI
MA<8V]Z4N<0$Z!-?[9? K*/_*0.LS7_[J2V\Y&5!=X&+=8L2T411?N:*E<.E[
MW)NLU U2N\I7KKM%,!:-(\.[C@:9Q7B5!2NN8NL:2V$K;77O.Y/,%)3K,=YU
MO)L@-A+D?V)TSL=BTS#UR=+X--VDMIC$'6+FO^+02BWE<I>.#_R20YE#Z@Z9
M?<68ML4>D_G1O=A=+OY 9D W==:C:8B6A[(@LAI'4Z\'@IC90N(+PK@R!&_%
M'4XH[W(^1OY($[M8MQ@Y;12%6JYH*6+Z'O=%:^4&TFX=J*O&\\@=<21_4SS[
M*#O[YG]02P,$%     @ &VY.4;>I\RF?!   T"@  !4   !C,S$U+3(P,C Q
M,#$T7W!R92YX;6S5FEUOXC@4AN]7VO_@S5R'?/!54)D193HKM&6*6E8[VIN1
M20Q8D]B18PK\^[5#S!"20%CMDOJFI/'KXW/.XS@^2>X_;<, O"$68TH&AM.P
M#8"(1WU,E@-C'9LP]C V/GW\]9?[WTSSV\/+$_"IMPX1X<!C"'+D@PWF*S"C
M400)F"#&<!" !X;])0*@U^@TNNUVI]%L=YP[8)JII0<8BYZ4@,2DVW .+:/4
M*B5]X-B6T[)<V[5!N]]R^[8-II.#<B+<7.#+T@"3'WWY9RX&!2)@$O>W,1X8
M*\ZCOF5M-IO&IMF@;"GZVX[U;?+TZJU0"$U,8@Z)APP@]/TX.?E$/<B3;!UU
MW\Y9H PTK<-8I0KYGZEDICQE.J[9=!K;V#=2%V5SA4&4?)O3IS$YO5[/2EH/
M4F$(GS%]"%MD#X![1@/T@A8@L='GNP@-C!B'42#'3LZM&%H,#*_IM$U)P+&=
MEHSDP^=TJJC?(?$?"<=\-R8+RL(DCP:0]O]\&6=]QR2$[(='6419HFMX-+2D
MU*IF-0FU4OZL?9@10[&PEG1_$HUI;'+(_]JUHT2B+4?$1_[A+.9R/-NV>S8P
M@3)T? B)#_96P;^+.(E71!Q0+^-+(*<V95FJTEPL["6V8N0UEO3-\A$6-IV>
M/##E@6D[Z?3]($Y]'U&QI@SG,6?0X\I> .<H&!@%[=;_[Y'*WDS8+7#HN/E[
MI]EMWKF]EN/:K8[=[;2<(Q>/I\F09=V%S%.VQ6%NYF1QI HK@DS8,[T5#@ZS
M8,%H6)BI=#1:T6O*?,3$NFZ =2Q\H9'T&@8WS?@4,4S%9>!_%NOZF=1G=/HQ
MN.Q^"L.M \9^O?B" _1U'<X1*^!P*M$'027/T^PWZ\O^"UIB&0#A7V%8="44
MR72C4,'[E$2K/A)C<G3W?A7I0R.Z)ISM1M0O!W.VEVZ<K@\FQ=:N#]L,;L>^
M"%OL^O=[\ MK68E>-U37A)%"ZM0':>C[(H-Q^B,VTL@I!52@S4;EO'LX54-(
MP73?$QCW"C"N_F"*0TC!W-4.9B0.G]F,;L@E+#^5FD*Y$$"*I%<[DN2^^,RF
MC+[A_6.@LUQ.Y)K"J1*%JBOMVA%-:<QA\#>.SF[=BL2:XKD<@X)32]4O+^TA
M0[ $QW&S/@ N>JU27DMM+Y](!],5)>6U_:E$G]17\EREOY;B_B^&.4=D1,-P
M3=(=>ES H%"G#XCJ[BL:^0(_8I@*,[OD(=@-T+S2 'N88[*<B'L:P]*'')>\
M2!\H%7U71/*U^ZV)3!F2,PB)C47RX%J^^V#/BT7AJE4NUH?0E3$H4OD"OF92
MXSA>(W85KUP7;:E5BT2QR]?X-U_WD+>6XSGN?";?)Q:M>B<2?=A4\ERQJ*6L
MGS$H/Z!XW85S6G3'R;3KD_C+;JNLUU*YJWGQN/56D"Q1R4N6(EDV&+?;<9OO
ME$%E[]7+QGR%_G,Q<FY8KC^&B"W%[/F=T0U?B<4U@F176J\7JO6A=&T0"E8M
M%?O>V9&(E<%@+&YQVS]0.9D3G6Y,JKBO:-12S _%?L.7>XXO 5P64,BTZY/]
MRVZKK)?5\/?6Z0=:\ML^:Y\?O/^RZ>,_4$L#!!0    ( !MN3E'Q\EX\2A8
M *J_   <    8S,Q-2TR,#(P,3 Q-&5X,3 Q9&%A,V0T+FAT;>U=>U,;.;;_
M*MKL[AU29?P 0C*&296Q/8GO!$.!L]G=?V[)W;*M2;O5(W7C>#[]/>=(W6X_
M( 9,<#-.51+HA_I(.H_?>4@Z_=O^?CL<\= 3/OO8.__$?.4E8Q'&S-."QW!U
M(N,1ZZDHXB$[%UK+(&!G6OI#P=C/Y;?E:OG-N_W]]Z?04M.]HL(ZJU4KM:/*
M0?6@RJIOZD>U^F&-79ZSO<^]YFMZO'71[/WGLFV_>OGY[%.GR5[M5RI?#IN5
M2JO7LC>.RM4:ZVD>&AE+%?*@4FEW7[%7HSB.ZI7*9#(I3P[+2@\KO:O**!X'
M1Y5 *2/*?NR_>G^*5^!?P?WWIV,1<^:-N#8B_N75Y]ZO^^_@B5C&@7C?@"[[
MU.VN*K-W;*]:K1X<'AS\_+H,=/[[M&(?.ZW8IOK*G[X_]>4-,_$T$+^\&G,]
ME.%^K*+Z836*3Z#A"MQ>>.;;_D3Z\:A>JU;_>1)QWY?A<#\0@[A>JY7?'L^N
M:3D<S2XJV_>Z%@&/Y8W UG/M>H'@NMY7\>AD\1.KWHS2]P8JC/<'?"R#:?VG
MY@?6DV-A?CJART;^*>JU ^A)++[%^SR0P[#NP?@(?6+[6G?=Q,?3%GUIHH!/
MZS(,9"CV^X'ROIY8>@X.C]RPX MKOU9[]Y"W#H\+_-;<M-"<L*Z8L"LUYN%/
M)7L%_C="R\%/T$;[VTCV90P"5ZZE[56BC<]S_V'TT=,30?S<5X$/337.V]T6
M_.VQ[@7(VFFEO^4$QVK[:6Q>M5N='FM\N&JW<6P?2O'MPGT_$F^D :X,9#RM
MCZ3OBQ":^Y^_OSNH'IX\@DFW@KKUIF<E$_R>F%@.IO:2#.'#L54%LXXQ_(OO
M,=O+WL?.-5L0&=:[8(L3SO;BD30,>W%0/3E-4M+I4[[PE.9D"A+XJD9]=+)P
M9]]3@=+UOU?I#\II:A-/*PF-SD'MY#6#;XRY+Q@W3 W8A1>KOM"L=E1B:.M+
MK#]E//09'ZMPR+YTNN>-J]]8\^+J\N*JT>M<=$MP\:KWD9U]ONYTV]?7KB,E
MUNDVRZ79&XW+3J_Q*?\FM?OAZN(+.^O\EWV ,;FV;[$]P;T1DA./!!LH+88*
MK"CC6C M!H!9 )/$BHV$%C)D,.[R1OH)#X(I=H-O<M ^*8!)EUS'T]RH$>7P
M9" \M,+VLTCK4WQ8"I.?L!)K=LZ:[*S1_8U]OFX@FVSTNPU_+$-I8DT @S6&
M\PQCF6&C'17X:+Z+Y4>JYE0J-Z5=EM3STRC#[_9@<];EJMU$:;RN;\ 0;GJT
MGVEPOPOT<BT@Q)_3^=C&2B"X0915IKE:%YX?E0\/-P9)>Z!B\OJH1,INE:8@
M]8 WK523RH[L2ZBQXQ$'1U3HF(/>!N_2!YS;&&HAT"R5F$_>IK5$_YN 6JT=
MHAFJ@1E"O8[V"^Y'6BIM6Q/T"AD">&5.%;IN)P_K\\/5V6*O4+$]:O!S6O''
M</].7#<@KF?W$]<W&Y/5+S*$D?K*FDI'CD>W1##4..+A=&/RP$:@$V0(\' L
M_+45$FD@_-V1PWQAI+;:"8@/4&'A*Q$'4,=,)#S) T8 4X2$.F5LF!G!<R.8
M::&1!G@# 7("GQ-_  [%Q_YQ6*Y6602?I(=1I7EJ#"@:^@T3S_8F(PD@-VO9
MO3_!<%P?E:;TV4"K,?.X 2P<0G=#_S7^ ,JO+Q 5LY;PQ!CA^F'-PO7MF&FB
MY-H-7<MU<*<'_Y)ZL/G,L"45<U06&H13F)BTA=,"ZZ@,3X4&+SO$L9*[2]E+
MZZ(B%'1T:J%5H])O$,Z)M,)&?>??[OB]2/S>*B1,MT80>7&0:+BN+=BVAG(!
MT&Z81;>;'XM$W09]S30(^?  09$&;CV=\CT=\AC)[719\Z)[W6FU76C4Q3XC
M+<;2P-LHK^,D1FSIJ1L1\A!0J!4^:WH #S)%DCM4RJ=+-SQ(>#\09%Q 6BU:
MLTI! W*4D=4#)AD,I"=%Z$WQNQ:7HHG"]C'\ZWT-U200_E#X]NW4H^>H$U ?
M#%00J(FIOUA)*[Q=JMW/+KU]$C(>[E*TQ ",&-XRU(_-#<SRN-Q7>,'?JAU7
M3YH\DC%,\)^(+X4>&Q:JV,KD!&08;"QT >Z!NTB9G5F)PHB#74:Y,F!UV5CP
M$("A0;DR(D;)CD?VK65CO .'11+"@V(+X8QCP4Q<8^Y+A:R&50K;*9$Y$E.#
MN@1FI<G,G LO;\:<O2SA8NG?5#2>1M(>,^=[_/4]:W8.#LK'MY<C/<3Y\C,K
MA?SFPG"_RF_ 5<T1#":&(VX A\$/5RAB64XUB@37& T -6\2@%\IZZY@3T!L
M6IB84B68_08@"(,*[EL\10=."S['PRS/$[:&S?X[TFE7^X#PAEJ!(E@0^5PE
MVOR-D158Y!L:5O=[U;',/KP2J[$MG7.7\F5Q[M)<5=QBQ5T$H[3?A]Y\W><#
ML*=U'DSXU+BY>WM</GK[SY.^TJ"\7(E<=:&.KO#U>?>4P_MQ;'Y:<+RWO80&
M_[X]L+WF+ 1Q^.75_WT,OKXYK!X?'AP=HQ3S]QNL2[A#;G/%"G5G:QJ4M*2$
M F8DX6=?( J4H4W!4,4(#[PD(,%%=XVS6'-I@X 3$0 &',,HC3!G(,&% W''
M6\IIA)7-.F<.?\9[H /I0JP B++V6:?7:J26+Q\8HL]3J_9;);:) 0.B$BI5
M87O2TF&2,7Y>AIX"8!OS;_!I2FR WJ*T!NBU)=I2%9B2MB?G6^-!P!S69NUO
M$0Y3G& &A\J8UFD1YP):76[6QS"9["?D9[ ]\<T+$IJ$6^.^K]?_ZB:&V&:+
M?/B>'>?^K L+4TKL #VD8998J@@V@PD<+_!%-D%+%&2S#=_!X3/>2/A)("A[
MANB*9"("P^;)" 8-6+DE^G%N8$M$-G:!WRCI8]DZ\;A*^A@+!VER+;$HT2;A
M-@J?&L?C)Z@46M(U6Z)A7RYNZS\ MU5K&\5M%BNAH.<0'$ O0 >VTG >DUE7
M' 1#PQ7@_&C$^R*6'K(XXI$G\QNVU?P_@:AM!W.^Z$QZG7UT9:LNY,2& %G#
MC-\19UAFSQ5M+2ZL@8?OKN/Z3D7QHMET.:NA38;.9:G*[%DXL7!R581(V.%+
MC(35RD=;'PH#&M>/A5E9'3M/9!9YP-^\@"> )"WX6XI?F)FM_%Z XLF%^JA:
M?O,"Q/H[_7F,E-?*<_6'F<>5%L^,^10!N#?B,., V(%Q@&4(GZ-[!Q.<.F3
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M?L''B5W3\G:MV2UKSPX8,K+A/_BG>ZPWL=F=)R66MJ(3^ >D1&F<6(6I-O8
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M$OL,N,GQDKUY57["NY[)1U2LLO^6++:4+.?&^QW\;?&52T-Y6B% R>O*G^L
MY1)6J6L$%F6]WTGR=Y+@EY'R/DNCUU+NH L*BN4.A<\>6NY0K^[^^HQRA]WJ
M^_=/[(LU.]&E[+13L$23*RV<4@JWOT"-QW.SI7INJR!;]B9CRDFQC9D\;.F8
M_;@!5J;AM]0E9B 5=K#!!N_V!Z.J-HO@^>JS[+XJ3W,X%86QH3FGWX#\;>V_
M1[__]ZRQ^P[1 I]UQQ<C+Y\[YV?-[C]9ZZ)[>=%M8HFM)E/_8T8R_&.';@?*
MW]FYT",?3G,SJV1+:3]+_TN&43AE1U76B8<\O4$[B;9:5WZ:6F!W.Q>,J-$R
MNSO@[%AS.&3!D 8X,=;6O2Z!WXH@BM)G6D,I!NR3#'E(C=?-;R1\5\ZXGP6Z
MO9,\\:O5;1]U>A76.6]5Y[$"&N?+VO5[]GS5MGS!KM*.][#'"_9@6Z$]-L>\
M>=GI-4^_==S?]O@5[O%Q]^(S.^S\AQTWS]I7;P?X:9M;R7>6]CG[@:F5MB_8
M*AL8#HA_6NWT;21]0\3W6]7MW7FV1 U_%A#^&2:CX./_ U!+ P04    "  ;
M;DY1+5(]=1,9  !L? ( '    &,S,34M,C R,#$P,31E>#DY,3 S.&4T,RYH
M=&WM7?U3V[C6_E?TLKMWZ8R26/YV8#M#(;O+O"UT@<Z^]T?%5HAO'3MK.U#N
M7_\>V0XD0"&D"<CVZ4P#V+$LZ3SG/'KTN?\_G<X@'O/8%P'Y\^+31Q(D_FPB
MXISXJ> Y7+T.\S&Y2*93'I-/(DW#*"(?TC"X%(1X7:>K=2VWTWF_#RD=5H\D
M<9\PK<?,GJ[I&M&LOLGZIDT^?R*[7RX.WQ5?/SH]O/CWYT'YUL]?/GP\/B0[
MG5[O;^.PUSNZ."IOF%V-D8N4QUF8ATG,HUYO<+)#=L9Y/NWW>M?7U]UKHYND
ME[V+L]XXGT1F+TJ23'2#/-AYOR^OP*?@P?O]B<@Y\<<\S43^V\Z7B]\[+GPC
M#_-(O"_RJ<<!^2M/R9G(9E&>D5U-TW3=LKQW7<CL_^WWRN_N]\KTADEP\WX_
M"*](EM]$XK>="4\OP[B3)].^H4WS/4B]![?O?>=;YSH,\G&?:=HO>U,>!&%\
MV8G$*.\SUG7LNVMI>#F^NYB4%=!/1<3S\$K(U!?2]2/!T_XPR<=[]U_QV)/3
M^7.C),X[(SX)HYO^KQ?A1&3D1%R3LV3"XU]I>05^9B(-1[_N%=_.PO\*R!84
M,!??\@Z/PDM(7&9VKZR!?EGXP;=Q. QSXGE=MM^;;N*E^K,OW9??7GK/77:O
MP@PR%(7Y37\<!H&(X?O_^LG5-6-OOR>_^WY#V;Q7-SZXDTCOY3.<7)(L]<%R
M!K,Z$G],8Z;XYGE,,UQA&IK&NO^97NX0'@%<_TCY=!SZ._.\!6$VC?A-/XRC
M,!:=893X7_?&HH",870]%]Y2@&H!9("./)GTP6$MN/L0%Q*X,G<5>%R]R]P*
MQANSGGK&4C-7[,E</6K] G%A#)G*%\SHZ \?]Y,H2?L_:<6_O1_*8_FG3+8?
M)^F$1^65ZQ*)U:4%7Y"8A.P<PI>XG_=O*ZWX\2$5>4Z.NN1/,1I!-E[%PB^H
M2\.NW*',]+.I//O4O<K<>>_81L_2M8YK:5H;8*YFKE:(W[^?GI'C3Y\&1\<'
M%P-R-O@X.#@?M+U2]H=+;ZF"P#") KCY]_')IX.S_R6'IV>?3\\.+HY/3\C!
MR<GIEY/#P?E^;ZA*/B_^/#X[(G]].3B[&)R!9<^_?+S89/[T%?+WA+T?Y/BM
M /"?69:'HYOEG'\*XUCP:1*%&26?3LCNJ9\G0Y$29E(B&SGOR+]^8K:V]["(
M\RR=WTR@7+]"8ITJ_]4C?X<QO.LK.4S2:9)RV78ANR<\"_@_?0+H.GA'>!PG
MLT++Y$G ;T@L<A+&?C(19)2D)!\+\L^,IU#A1$!P#\BYF.9B(C.HVV4&23(B
M/WO4L%SJ:AK9A<=^UKNF0:;PI0S4@R!!&,U YKPCD/ 4+LBW+;ZJ3($Q8S$%
MW7PLA3 N,I6/PS2XS1H\#ZU!KUN5^_<JYS$0"YE A8RS[^:>+N;CFF?P9D8=
M@U%MGA.K:[^T++I!;=>AWET2COU8$O,JSC@\"/?#)" 1SW)R ]JDNQWW>12%
M*L;+1S/Z&*1+W0WND\VF<!%T* ==.@IC*=(S,IQE@(,LFZ/C('\4!F ',,VU
M_&!4MW4R @WMC\,,D@#0)6">\G4S0%)IMB%\(\C(9U #B:P1YNQEY# ",9W#
MJQQSCY)3R +Y,H7'#LCA.(R"^0UXZ(8<Y^3@DD/JYT6^Y_?.9462 > I%>6U
MHD2?H" ^^2.!JH0\E#=N"Q43J5E*Q4\,BT##D(?18B'&_ JR+ 1\\YJGTAN&
MLYQ(/,9)+LL7SQ/;(/ 66KMA#G;UUX#B,MN0[S8+E8WQ^^&R:RU6!] GF(=,
M4T H&"T2/!,06J"Q'\:9#!#25ITH2;Z"((5D .FRLRDK>IFJ8#@1/)9W(?24
MT60DP-KI$*++-$UD5220%MP]%WX!89T-YE^&2[,4< ,%'GSSQSR^%.3 S^5M
MYAG 01 2(3H5T7-7/B!K4=?V%K]<7&)[[R@IE3%D!6+B:);/ %SBJLAN%>FJ
MBZ5SA@!5<*N1U#S23ZHL'<K &M_,T7@^\\=/581$<!)'-[(.@[ H8/&ZA:]
MPB$T&N*B\-EL^!^H!YG%-,R^EM%"<F JZ[RH"7D%Q-8,\G>7_;3JY/*3611
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M\D'N__43L[6]AY\;*<W37=9-U '/#:DWL<R(VKI;$%%;?]0^/7&AB19\9HY
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M0)P#9]4K$]_>EKA7._9MTND_ 5!+ P04    "  ;;DY1R!F#36L;   &RP
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MN$<Z"Y&>R\#5)!*M!_9G@I3]O1[!YOY>GP08T>$"N0VMX><MPW4"X$PA& \
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MY;)1:]6J350^/T35[Y4OY?/C*JK4S\YJS6:M?KZ6@(]Z5D#8KZ0T\(@P\O
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MJ1'B@<^8,H9)_7NU]T-Q#.GX1NZ23K-=/3J86PSW5*9ZG#_N!_+?;(,>9%)
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M"E296+1]R\SV1]JJ4CNHH /LW*#+9AEM4]L'D#U&-XX[<JC5W(*G7GC6$-B
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M-2TR,#(P,3 Q-%]L86(N>&UL4$L! A0#%     @ &VY.4;>I\RF?!   T"@
M !4              ( !5@D  &,S,34M,C R,#$P,31?<')E+GAM;%!+ 0(4
M Q0    ( !MN3E'Q\EX\2A8  *J_   <              "  2@.  !C,S$U
M+3(P,C Q,#$T97@Q,#%D86$S9#0N:'1M4$L! A0#%     @ &VY.44E]2#B\
M'@  Y\T  !P              ( !K"0  &,S,34M,C R,#$P,31E>#$P,V8V
M8V$W,BYH=&U02P$"% ,4    "  ;;DY1+5(]=1,9  !L? ( '
M    @ &B0P  8S,Q-2TR,#(P,3 Q-&5X.3DQ,#,X930S+FAT;5!+ 0(4 Q0
M   ( !MN3E'E>5=^HP<  "$;   <              "  >]<  !C,S$U+3(P
M,C Q,#$T97@Y.3(T-F4R8C<N:'1M4$L! A0#%     @ &VY.4<@9@TUK&P
M!LL  !0              ( !S&0  &,S,34M,C R,#$P,31X.&LN:'1M4$L%
3!@     (  @ +P(  &F       $!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
