March 30, 2000
RNM 000 Xxxx, X.X.
X/x Xx Salle Partners
000 Xxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxxxx, XX 00000
Attn: Mr. Xxxx XxXxxxx
RE: LEASE AGREEMENT DATED NOVEMBER 15, 1990, AS AMENDED (THE "LEASE") BY AND
BETWEEN RNM 135 MAIN, L.P., A CALIFORNIA LIMITED PARTNERSHIP SUCCESSOR IN
INTEREST TO XXXX/SAN FRANCISCO VENTURE, LTD. ("LANDLORD") AND CALIFORNIA
FEDERAL BANK, A FEDERAL SAVINGS BANK SUCCESSOR IN INTEREST TO FIRST
NATIONWIDE BANK, A FEDERAL SAVINGS BANK ("TENANT") FOR 000 XXXX XXXXXX,
XXX XXXXXXXXX, XX, FLOORS 3-8 & 20, SUITE 1030 & 1120 AND PORTIONS OF THE
BASEMENT AND GROUND FLOOR AS MORE SPECIFICALLY DESCRIBED IN THE LEASE.
Dear Xx. XxXxxxx:
By this letter, Tenant hereby notifies Landlord that Tenant irrevocably and
unconditionally exercises its option to extend the Term of the Lease for the
first five year Renewal Term for all of the premises presently leased by Tenant
at 000 Xxxx Xxxxxx, Xxx Xxxxxxxxx, specifically, Floors 3 through 8 inclusive,
Floor 20, Suites 1030 & 1120 and portions of the basement and the Retail Space
as more specifically described in the Lease (the "Premises"), as well as all
eight (8) of the parking stalls currently leased by Tenant.
The Minimum Rent payable during the Renewal Term for all of the Premises other
than the Parking shall be as stated on the attached Exhibit "A", which is 95% of
the Fair Market Rental Rate as determined under the terms of Paragraph 20b of
the Lease by Xxxx XxXxxxxxxx (the "Third Expert") in his letters dated May 3,
2000 and May 4, 2000, respectively.
Please send us a letter acknowledging your receipt of this letter.
Sincerely,
California Federal Bank
/s/Xxxxxxx X. Xxx
--------------------------------
Xxxxxxx X. Xxx
Senior Vice President
cc: Xxxxxxx Xxxxxx
Xxxxxx Xxxxxx, Esq.
Xxxxxxx Xxxxxxxxx, Esq.
Xxxxx Xxxxxxx, Esq.
