Exhibit 10.14(a)
August 6, 1999
Xxxxxxxx Industries, Inc.
c/o Alpha Technologies
0000 Xxxxx Xxxxxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000
Attn: Xxxxxx X. Xxxxxxxxx
Re: Letter Agreement - Lease Extension
15555 and 00000 Xxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxxxx
Reference is hereby made to that certain Lease dated October 31, 1979, and Lease
Extensions dated July 13, 1989 and February 8, 1994, by and between Landcee
Investment Co.("Lessor") and Xxxxxxxx Industries, Inc. ("Lessee") for the
Premises commonly known as 15555 and 00000 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxx.
The parties do hereby agree that said Lease shall be extended for an additional
period of five (5) years commencing November 1, 1999 and ending October 31,
2004. All terms, provisions and conditions of the original Lease shall remain in
full force and effect during the extension period, except as provided as
follows:
1. For the period November 1, 1999 through October 31, 2000 the monthly rent
shall be $11,370.50.
2. For the period November 1, 2000 through April 30, 2002 the monthly rent
shall be $11,737.28.
3. For the period May 1, 2002 through October 31, 2003 the monthly rent
shall be determined as follows: The monthly rent payable for April 2002
($11,737.28) shall be multiplied by a fraction, and the numerator of which
shall be Consumer Price Index (C.P.I.) of the Bureau of Labor Statistics
of the United States Department of Labor for Urban wage Earners and
Clerical Workers, Los Angeles-Anaheim-Riverside, California (1967=100),
"All Items", for the month of March, 2002, and the denominator of which
shall be the C.P.I. for the month of September, 1999. The sum so calculated
shall establish the new monthly rent for the period May 1, 2002 through
October 31, 2003. However in no event shall said monthly rent be less than
$12,324.14 or greater than $13,145.75.
Xxxxxxxx Industries, Inc.
August 6, 1999
Page Two
4. For the period November 1, 2003 through October 31, 2004 the monthly rent
shall be that monthly rent which has been calculated in Paragraph 3 above
(for the period May 1, 2002 through October 31, 2003) plus 366.79 per
month.
Please have two authorized officers sign both originals of this Letter
Agreement-Lease Extension indicating your approval of the extension and
return one original to our office at 0000 Xxxx Xxxxxx, Xxxxx 000, Xxxxxx,
XX 00000.
On behalf of Landcee Investment Company we are delighted that you have decided
to renew your Lease and look forward to a continued relationship with
Xxxxxxxx Industries in the coming years.
Sincerely,
LANDCEE INVESTMENT
COMPANY
/s/ Xxxxxx X. Xxxxxxxx
-------------------------------
By: Xxxxxx X. Xxxxxxxx
Authorized Representative
RDB:sl
cc: Xxxx Xxxxxxx
Xxxx Xxxxxxx-Xxxxxxxxxx
AGREED & ACCEPTED:
Dated: September 15, 1999
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By Xxxxxxxx Industries, Inc.
By: /s/Xxxxxx X. Xxxxxxxxx
----------------------
Name: Xxxxxx X. Xxxxxxxxx
-------------------
Title: Secretary & Treasurer
------------------------
By: Xxxxxxxx Industries, Inc.
By: /s/ Xxxx Xxxxxxx
----------------
Name: Xxxx Xxxxxxx
------------
Title: Vice President & General Manager
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