LEASE EXTENSION AGREEMENT
Exhibit 10.48
This LEASE EXTENSION AGREEMENT (the “First Extension”) is
made this 18th day of June, 2007
and is made a part of that certain Lease dated August 28, 2006, between WARNER COURTYARDS,
LLC., an Arizona Limited Liability Company, XXXXXXX XXXXXX COURTYARDS, LLC., a Delaware
Limited Liability Company, PARK 3020, LLC., an Arizona Limited Liability Company, and PARK
3030, LLC., an Arizona Limited Liability Company, (“Landlord”) and CATALYTICA ENERGY
SYSTEMS, INC., a Delaware Corporation (“Tenant”) regarding Suite 132 at the Warner
Courtyards project, 000 X. Xxxxxx Xxxx, Xxxxx, Xxxxxxx.
WHEREAS, said Landlord and Tenant wish to amend said Lease Agreement in the manner and
to the extent hereinafter set forth.
NOW, THEREFORE, for and in consideration of the covenants and agreements herein contained
and other good and valuable consideration, receipt and sufficiency of which is hereby
mutually acknowledged, Landlord and Tenant agree as follows:
1. The term of the Lease is set to expire on September 30, 2007, and
Landlord and Tenant desire to extend the term of the Lease for a period of
six months, from October 1, 2007 through March 31, 2008.
2. Effective October 1, 2007, the Minimum Monthly Rent for the Leased
Premises shall be as follows:
October 1, 2007 through March 31, 2008: $4,456.44
3. As hereby amended, all other terms and conditions of the Lease shall
remain in full force and effect.
LANDLORD
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TENANT | |
WARNER COURTYARDS, LLC.
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CATALYTICA ENERGY SYSTEMS, | |
An Arizona Limited Liability Company
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INC., a Delaware Corporation | |
By Hannay Investment Properties, Inc., |
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An Arizona Corporation, Its Manager |
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/s/ R. Xxxxx Xxxxxx
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/s/ Xxxxxxx Xxxxxxxx | |
By: R. Xxxxx Xxxxxx
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By: Xxxxxxx Xxxxxxxx | |
Its: President
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Its: Secretary and Corporate Counsel | |
Date 6/18/07
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Date June 5, 2007 |
XXXXXXX XXXXXX COURTYARDS, LLC. |
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A Delaware Limited Liability Company |
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By Hannay Investment Properties, Inc., |
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An Arizona Corporation, Its Attorney in Fact |
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/s/ R. Xxxxx Xxxxxx
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By: R. Xxxxx Xxxxxx |
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Its: President |
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PARK 3020, LLC, |
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An Arizona Limited Liability Company |
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By Hannay Investment Properties, Inc., |
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An Arizona Corporation, Its Manager |
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/s/ R Xxxxx Xxxxxx
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By: R Xxxxx Xxxxxx |
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Its: President |
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PARK 3030, LLC, |
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An Arizona Limited Liability Company |
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By Hannay Investment Properties, Inc., |
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An Arizona Corporation, Its Manager |
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/s/ R. Xxxxx Xxxxxx
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By: R. Xxxxx Xxxxxx |
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Its: President |
