Exhibit 10.1
EXTENSION OF LEASE
March 29, 2001
Reference is made to that certain Lease dated October 31st, 1994 between Xxxxxxx
X. Xxxxx, as Lessor, subsequently purchased by Xxxxx X. Xxx Trustee under
Agreement dated 4/20/1990, entitled Xxxxx Xxx Separate Property Revocable Trust
in the United States Bankruptcy Court for the District of Arizona hereinafter
referred to as Lessor, and Xxxxxxxxx & Xxxx, Inc., as Lessee covering the
premises known and designated as 0000 Xxxx 00xx Xxxxx, Xxxxx 000 in the City of
Tempe, Arizona.
By mutual consent, said Lease is amended as follows:
1. The term of this new extension shall be from April 1, 2001 to March 31,
2004.
2. The monthly rental for such extended term shall be: April 1, 2001 to
March 31, 2002 at .57 cents per sq/ft plus CAM charge of .06 cents and
rental tax. This would be a monthly rental rate of $4,253.63. April 1,
2002 to March 31, 2003 at .59 cents per sq/ft plus CAM charge of .06
cents and rental tax. This would be a monthly rental rate of $4,388.67.
April 1, 2003 to March 31, 2004 at .61 cents per sq/ft plus CAM charge
of .06 and rental tax. This would be a monthly rental rate of $4523.71.
3. In all other matters, the terms, covenants and conditions of the
original October 31, 1994 Lease shall apply during the extended period.
LESSOR /s/ Xxxxx X. Xxx DATE 5/24/01
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Xxxxx X. Xxx, Trustee
LESSEE /s/ Xxxxx X. Xxxxxx DATE 5/15/01
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President
Xxxxxxxxx & Xxxx, Inc.
