LEASE
THIS LEASE made and entered into this 12 day of July, 1979, between NOVA, a
partnership, hereinafter called Lessor, and PAYCO AMERICAN CORPORATION, a
Delaware corporation, hereinafter called Lessee;
WITNESSETH:
WHEREAS, Lessor proposes to construct improvements to be used solely by
Lessee as more particularly described in Exhibit A attached hereto and
incorporated herein by reference as if fully set forth, and which improvements
shall be located upon a parcel of land described on Exhibit B attached hereto,
located in the City of Brookfield on Executive Drive, which is part of the
Southeast One-quarter of Xxxxxxx 00, Xxxx 0 Xxxxx, Xxxxx 00 Xxxx, Xxxx of
Brookfield, Waukesha County, Wisconsin, containing 4.974 acres. The improvements
consisting of a three story office building of approximately 66,708 square feet
shall be completed as expeditiously as possible by Lessor in accordance with the
plans and specifications approved by the parties.
NOW THEREFORE, in consideration of the premises and of the mutual benefits
to be derived therefrom, it is agreed as follows:
1. Lessor hereby leases, demises and rents unto the Lessee, and Lessee
hereby leases, take and hires of and from the Lessor, the demised premises
including all easements, rights
of way and other rights appurtenant thereto.
2. Lessor shall at its sole expense complete construction and improvement
of the demised premises as contemplated by the provisions hereof contained in
Exhibit A. Construction of the demised premises shall commence as soon as
possible and the work shall be completed in accordance with the plans and
specifications and requirements hereof and be ready for occupancy on or before
February 1, 1980. (completion date). The issuance of an occupancy permit by the
City of Brookfield shall satisfy the requirements that the premises are ready
for occupancy by Lessee.
Lessor warrants that the construction of the building and other
improvements shall be performed in a good and workmanlike manner and that the
materials, equipment and other building facilities and parking lot furnished in
connection therewith shall be free of defects.
Lessee may enter the demised premises during the construction period for
the purpose of inspecting the premises as to progress and completion in
accordance with plans and specifications, installing signs, fixtures, and
equipment, provided such activity shall be done only in such manner so as not to
interfere with the construction.
3. This Lease shall be for a term of twenty (20) years commencing on the
later of either the 1st day of February, 1980, or the first day of the month
following the month during which
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the demised premises become ready for occupancy as required by Article 2 hereof,
and ending twenty (20) years after the date of commencement, unless sooner
terminated as hereinafter set forth.
The Lessee shall pay an annual rental of Four Hundred Thousand and 00/100
($400,000.00) Dollars payable in equal monthly installments of Thirty-three
Thousand Three Hundred Thirty three and 33/100 ($33,333.33) Dollars on the first
day of each and every month, in advance. In the event the Lessee commences its
occupancy of the leased premises on a day other than the first day of the month
(whether before or after the stated commencement date of the term hereof), the
rental for that month shall be prorated and adjusted accordingly.
At the end of the third year of this lease, the annual rental shall be
adjusted to reflect the changes in the cost of living. However, no adjustment
shall reduce the rental below that charged during the first three year period.
The basis for computing such adjustment shall be the Consumer Price Index -
United States, all items and major group figures for urban wage earners and
clerical workers or items (based on 1967 equals 100) published monthly by the
"Monthly Labor Review" by the Bureau of Labor Statistics of the United States
Department of Labor ("index"). The computation shall be made by multiplying
$400,000.00 by a fraction the numerator of which shall be the
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index figure for the month prior to the month in which the adjustment commences
and the denominator of which shall be the index figure for the month in which
this Lease commences. In the event that the Bureau of Labor Statistics shall
cease to publish the index, then a similar index by any other branch or
department of the United States shall be used. The result of this computation
shall then be divided by 12 and commencing the 37th month of this lease the
adjusted rental shall be paid. Annually thereafter, at 12 month intervals, the
annual rental shall be adjusted in accordance with the adjustment in the
Consumer Price Index or other comparable index. However, in no event shall any
annual increase in rentals exceed 5% of the rentals charged in the prior 12
month period.
4. It is agreed that the leased premises shall be used by the Lessee as a
general office building and that Lessee shall, with Lessor's prior written
consent, have the right to sublease out portions of the building to qualified,
responsible tenants requiring office space. Written consent to such subleasing
shall not be unreasonably withheld.
5. The Lessor shall be responsible for repair, replacement and maintenance
of the structural portions of the leased premises, which include the foundation
and exterior walls but exclude the roof. Except as provided in this paragraph
and except to the extent required to satisfy the warranty obligations undertaken
by Lessor
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under Article 2 hereof, the Lessor shall have no obligation, after Lessee has
taken possession of the demised premises, to make any alterations, improvements
or repairs of any kind on or about said demised premises or the building or
buildings thereon or of which they are a part, or the equipment, fixtures,
plumbing, appliances, or machinery in, upon or serving same, or the streets,
alleys, areas, area-ways or passages adjoining or appurtenant thereto. The
Lessee covenants and agrees at its own expense throughout the term:
(A) to maintain and keep every part of demised premises, including fixtures
and appurtenances situated therein in good and substantial order and repair; and
(B) to comply with all laws and orders of municipal, state and other
governmental authorities pertaining to the demised premises or the use of the
demised premises.
6. Lessee shall pay and discharge as and when the same become due and prior
to delinquency all taxes, assessments, levies and other charges, general and
special, which are or may be during the term hereof, levied, assessed, imposed
or charged against the demised premises and any personal property owned by the
Lessor but used by the Lessee in connection with its use of the demised premises
and situated thereon, provided, however, that the
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Lessee during the first calendar year of the original term of this Lease and the
last calendar year of the original term or the final extension thereof shall be
obligated to pay only a prorata portion of said real estate taxes due and
payable for such year based upon the part of the year the Lessee occupies the
demised premises, and shall only be obligated to pay those installments of
special assessments (using the longest amortization term available) coming due
during the term of this lease.
The Lessee may in good faith contest any tax assessed which it is obligated
to pay under the terms of this Lease if it shall give the Lessor a bond for such
amount and guaranteed by such surety as may be satisfactory to the Lessor. The
Lessor shall give the Lessee copies of all notices of levy or change or proposed
change in tax rate or assessment within 30 days after receipt by Lessor, upon
failure of which the Lessor shall pay any amount by which any tax or assessment
is increased from the amount formerly in effect. The Lessor at its option, may
require Lessee to pay over to Lessor an amount equal to 1/12th of the estimated
annual real estate taxes which may be due and payable during any lease year.
Lessor shall adjust the amount of such payments upon the municipality rendering
the real estate tax xxxx
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and in the event that Lessee has paid an insufficient amount to cover the total
amount due, then Lessee shall, upon demand, pay the additional sum. In the event
that Lessee has paid an amount in excess of the amount necessary to cover the
general real estate tax liability, then Lessee shall receive a credit against
the following year's estimated taxes for such over payment.
7. Lessee covenants and agrees at its own expense throughout the term to
keep the demised premise's and any fixtures, appliances and appurtenances owned
by Lessor and situated therein, insured against loss by fire with extended
coverage at "actual cash value" and "full replacement cost" endorsement, as said
terms are used in the standard form of fire insurance policy (an 80%
co-insurance clause being permissible). Lessee shall also keep the demised
premises and its operations insured against loss on account of public liability
in the amount of Three Hundred Thousand Dollars ($300,000) for damages to
property and Five Hundred Thousand Dollars ($500,000) for injury to one person,
and subject to said limit as to one person, One Million Dollars ($1,000,000) for
injury to more than one person in or about the demised premises. All such
insurance policies shall be written in the names of and covering both Lessor and
Lessee, and shall be written with reputable insurance companies licensed or
authorized to
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do business in the state in which the demised premises are located. The Lessee
shall furnish to the Lessor certificates of insurance by such carriers
evidencing the required coverage and the agreement of the carrier to give the
Lessor 10 days prior written notice of any policy cancellation or termination.
The Lessor at its option, may require Lessee to pay over to Lessor an amount
equal to 1/12th of the estimated annual premiums which may be due and payable
during any lease year. Lessor shall adjust the amount of such payments upon the
insurance company rendering the premium notice and in the event that Lessee has
paid an insufficient amount to cover the total amount due, the Lessee shall,
upon demand, pay the additional sum. In the event that Lessee has paid an amount
in excess of the amount necessary to cover the insurance premium, then Lessee
shall receive a credit against the following year's estimated premium for such
over payment.
8. Upon the termination of this agreement, the Lessee may remove any trade
fixtures and equipment owned by it or placed upon the premises by it, other than
fixtures installed to replace those presently in the premises, provided,
however, that the Lessee leaves the premises in the same condition or repair and
tenantability as they were at the time of the making of this agreement prior to
the addition of such trade fixtures.
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9. The Lessee shall pay for all utilities, including gas, electricity,
sewer and water as well as any other services used therein during the term of
this Lease.
10. Lessee agrees to save the Lessor harmless and indemnified from all
loss, damage, liability or expense incurred or claimed by reason of Lessee's
neglect or use of the premises, or by reason of any injury or property damage to
any person or property on the premises described herein, except such as is
caused by the negligence of the Lessor, and Lessee further agrees to pay all
legal expenses, including a reasonable attorney's fee, incurred by the Lessor by
reason of the commencement of legal proceedings to enforce any of the provisions
of this lease, and resulting in a decree or award in favor of the Lessor.
The Lessor shall not be liable, and the Lessee hereby waives all claims
against the Lessor, for any injury, loss or damage, by theft or otherwise, or
damage either to person or property, sustained by the Lessee or other persons,
whether due to the building or any part or appurtenances thereof becoming out of
repair, or arising from bursting of pipes or resulting from steam, electricity,
gas, odors, water, rain or snow which may leak or come from any part of the
building or adjoining premises, or due to the happening of any accident in or
about the building,
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or to pipes or appurtenances, or plumbing works therein, or from any other cause
whatsoever, unless caused by the negligence of the Lessor.
11. In case the demised premises are damaged by fire or other casualty, the
Lessor covenants and agrees, subject to the right of cancellation hereinafter
set forth, promptly to repair or restore the same and obtain certificates
approving all such repairs from all public authorities having jurisdiction,
subject to reasonable delays in collection of insurance funds or due to
restrictions on or inability to obtain labor or materials, or due to other
causes or conditions beyond the control of the Lessor. Prompt repair or
restoration shall be deemed to allow a reasonable time for the parties to make a
survey and determination of the extent of the damage and the probable cost of
necessary repairs and restoration and to prepare suitable plans and
specifications for and to repair or restore the demised premises in accordance
with such determination.
In the event the damage to the demised premises is of such nature and
extent as to require expenditures for repairing and restoration in excess of 25%
but less than 50% of the replacement value of the improvements upon the demised
premises as last determined for fire insurance purposes, Lessor shall have
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120 days from the date the damage occurs or if 50% of such replacement value,
then Lessor shall have 210 days from the date the damage occurs to repair and
restore the demised premises to a condition substantially equal to or better in
every respect than their condition prior to such damage. Lessor shall submit to
Lessee full information obtained by it as to the cost of repairing and restoring
the demised premises. If all repairs and restoration are not substantially
completed within the time limits herein stated, then Lessee may at its option
terminate this Lease on written notice given 30 days after expiration of the
applicable time limit. Expenditures for repairing and restoration shall include
the cost of decorating and refurbishing but shall exclude damage to personal
property owned by Lessee.
If the demised premises are untenantable for Lessee's purposes in whole or
in part due to damage by fire or other casualty, or the repair of such damage,
Lessee's obligation to pay rent and taxes shall be abated proportionately from
the date of such damage until the demised premises are repaired or restored, and
any unearned rent paid by Lessee shall be refunded or credited upon rent
subsequently payable by Lessee if this Lease continues in effect. In the event
damage to the premises is 75% or more of the replacement value of the
improvements, the Lessor may cancel this lease.
12. In the event that the building or the demised premises or any
substantial portion of the demised premises shall be
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taken or condemned by any competent authority for any public use or purpose, or
in the event that prior to such taking or condemnation Lessor deems it expedient
to sell the premises to such public Authority, the term of this Lease shall end
upon the first to occur of sale of the premises or the date when the possession
of the portion so taken shall be required for such use or purpose, and the
Lessee shall have no claim against the Lessor and shall not be entitled to any
portion of the amount which may be awarded as damages or paid as a result of
such condemnation proceedings. In the event of termination of this Lease as
herein provided, the rental shall be apportioned to the date of such
termination.
13. The Lessee shall not assign this Lease without the consent in writing
of Lessor. Such consent shall not be unreasonably withheld. It is understood and
agreed however, that if the Lessee shall be declared bankrupt, shall have a
receiver appointed of its property, which receiver shall not be discharged in 30
days, or shall Lessee make an assignment for the benefit of creditors, or its
rights hereunder shall be taken under execution, it shall be construed as an
assignment of this lease within the meaning hereof and Lessor shall have the
right to terminate this Lease upon the happening of the foregoing event. In the
event, however, that Lessee is the subject or involved in a merger or
consolidation,
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this Lease will not be construed as being assigned and the fact of such merger
or consolidation will not constitute a breach resulting in a termination of this
Lease at the option of Lessor.
14. The Lessee covenants and agrees to pay and discharge all reasonable
costs, attorneys, fees and expenses that shall be paid and incurred by the said
Lessor in enforcing the covenants and agreements of this Lease on account of
Lessee's default hereunder.
15. The Lessor may at all reasonable times enter said premises to inspect
same, but agrees to maintain confidential; and not to use or divulge any
proprietary information of Lessee disclosed during such inspection.
16. In case the Lessee shall vacate or abandon said premises, or shall
default in any of its covenants herein, and said default shall not be cured
within ten (10) days after notice thereof in writing from the Lessor, the Lessor
is hereby authorized to reenter said premises, to eject the Lessee, and take
full possession of said premises, to terminate this Lease at its option and to
release and let said premises on such terms as to Lessor shall seem best, to
remove from said premises all personal property of the Lessee, and to store the
same to the account and at the expense and risk of the Lessee, and to sell said
property or any part thereof, and out of the proceeds to pay all expenses of so
removing, storing
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and selling the same, and all sums which shall then be in arrears or past due
for rent; and that no such act or acts of the Lessor shall be construed as
cancellation of this Lease or waiver of the right of the Lessor to collect rent
hereunder for the remainder of said term, except said exercise of its option to
terminate the same; and that in case the Lessor shall determine that any action
or proceeding at law or otherwise is necessary to enforce the terms and
conditions hereof, the Lessee agrees that a reasonable attorney's fee and the
necessary costs and disbursements thereof may be allowed and taxed against it.
17. That no sign, advertisement or notice will be placed or painted on any
part of the outside or inside of said building or leased premises except in such
manner, style and places as approved in writing by the Lessor and the City of
Brookfield, which approval shall not be unreasonably withheld, and the Lessor
reserves the right to remove all others at the expense of Lessee.
18. At all times during the term of this Lease the Lessee shall and may
peaceably and quietly hold and enjoy the demised premises free from molestation,
invasion or disturbance.
19. If because of Lessor's breach of or default under any of the terms,
covenants and provisions hereof it shall become unlawful for the Lessee to use
and operate the demised premises for the principal use then in effect, and if
such
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unlawfulness shall continue for at least 90 days, the Lessee shall have the
right at anytime thereafter while such unlawfulness continues to terminate this
Lease upon 10 days' written notice to the Lessor and the payment of all rent and
other charges required to be paid by Lessee under this Lease up to the date of
such termination.
20. That the Lessor shall have the right to enter the leased premises
during twelve (12) months prior to the termination of this Lease, to show the
same to prospective tenants, and to place on doors and windows the usual notice
that the premises are for rent, upon giving reasonable prior notice to Lessee.
21. This Lease shall be subject and subordinate at all times to the lien of
any mortgages or ground rents now or hereafter placed on the demised premises
without the necessity of any further instrument or act on the part of Lessee to
effect such subordination, provided that the holder of any such mortgage shall
on behalf of itself, its successors and assigns agree that Lessee shall have the
quiet enjoyment of the demised premises for the term of this Lease in accordance
with every provision hereof, so long as Lessee shall fully and faithfully
perform all of the terms, covenants and conditions of this lease on its part to
be
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performed, irrespective of Lessor's default. Lessee covenants and agrees to
execute and deliver upon demand such further instrument or instruments
evidencing such subordination of this Lease upon the foregoing terms as shall be
desired by any mortgagee or proposed mortgagee or by any person entitled
thereto.
22. Except as other provision may herein specifically be made, in the event
that either Lessee or Lessor as the obligated party after 10 days' written
notice from the other party, fails or refuses to make any of the payments when
due as required of such obligor by this Lease (other than the payment of the
rent reserved hereunder), or to do or cause to be done promptly any and all of
the acts and things in this Lease provided to be done by such obligor, then the
other party shall have the right (but shall be under no obligation to the
obligor to do so) to advance any and all sums of money or do or cause to be done
any and all acts and things necessary or proper to be done or performed by the
obligor, and in such event the obligor covenants and agrees forthwith upon
demand to repay to such other party any and all sums so advanced or expended to
do or cause to be done any and all such acts and things.
In the event that the obligor fails within 10 days after written demand by
the other party to repay (or, if
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applicable, to allow a deduction from rental) any sum advanced by the other
party pursuant to the foregoing provisions, there shall be added to the sum to
be repaid interest thereon from the date of demand to the date of repayment at
the rate of 10% per annum.
The Lessee may (but shall not be obligated to) from time to time make such
payments on account of mortgages or deeds or trust or other encumbrances on or
liens against the Lessor's estate as may be necessary in the Lessee's judgment
for the protection of the Lessee's estate. The Lessee in making any such
payments shall be subrogated as against the Lessor to the rights of the parties
to whom such payments are made, and if the Lessor shall after notice fail to
repay any amount so paid, the Lessee shall also have the right to deduct the
amount so paid, with legal interest thereon, from the rental thereafter
accruing, until fully reimbursed.
23. All notices, consents, demands and requests which may be or are
required to be given by either party to the other, shall be in writing, and
shall be sent by United States registered or certified mail, with return receipt
requested, addressed as follows:
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TO LESSOR: NOVA, A Partnership
0000 Xxxxx Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
TO LESSEE: PAYCO AMERICAN CORPORATION
0000 Xxxxx Xxxxxxx Xx.
Xxxxxxxxx, XX 00000
The date shown on the return receipt as of the date of which said registered or
certified mail is received by the addressee shall be conclusively deemed to be
the date on which a notice, consent, demand or request is given or made. The
above address or a party may be changed at any time or from time to time by
notice given by said party to the other party in the manner hereinabove
provided.
24. Simultaneously with or subsequent to the execution hereof, the parties
hereto shall, at the option of either party, execute a short form lease for
recording purposes, and, in such event, the terms thereof shall constitute a
part of this Lease as fully as though recited at length herein.
25. This Lease and all the covenants, terms, provisions and conditions
herein contained shall inure to the benefit, and be binding upon the Lessor and
Lessee, their respective successors and assigns.
IN WITNESS WHEREOF, the Lessor and Lessee have caused this lease agreement
to be executed by persons duly authorized and their (or its) corporate seal(s)
to be hereunto affixed, the day and year first above written.
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NOVA, a Partnership
By /s/ Xxxxxx X. Xxxxx
-----------------------------------
Xxxxxx X. Xxxxx, Partner
By /s/ Xxxxx X. Xxxxxx
-----------------------------------
Xxxxx X. Xxxxxx, Partner
PAYCO AMERICAN CORPORATION
By /s/ Xxxxxx Xxxxxxxx
-----------------------------------
President
SECOND AGREEMENT MODIFYING LEASE
THIS AGREEMENT made and entered into this 30 day of December, 1986, between
BROOKFIELD INVESTMENT CO., a general partnership, hereinafter called "Lessor",
and PAYCO AMERICAN CORPORATION, a Delaware corporation, hereinafter called
"Lessee".
W I T N E S S E T H:
WHEREAS, on July 12, 1979, NOVA, a partnership, as Lessor, and Payco
American Corporation, as Lessee, entered into a lease covering certain premises
in the City of Brookfield, Waukesha County, Wisconsin, which lease was assigned
on the 12th day of March, 1980, by NOVA to Brookfield Investment Co., as
Successor Lessor, and
WHEREAS, on December 31, 1979, Brookfield Investment Co. and Payco American
Corporation entered into an agreement to become effective upon NOVA's assignment
of its lease to Brookfield Investment Co., and
WHEREAS, in paragraph five of the agreement of December 31, 1979,
Brookfield Investment Co. extended to Payco the right to terminate the lease at
the end of the 120th month of the initial term, upon the payment of a
termination fee equal to six months rental as charged by the Lessor to Lessee
during the tenth year of the lease, and
WHEREAS, this elective termination date was determined to be January 31,
1990, and
WHEREAS, in exchange for waiving this right and other good and valuable
consideration, Payco desires to change this elective termination date from
January 31, 1990, to January 31, 1993.
NOW, THEREFORE, in consideration of the premises and of the mutual benefits
to be derived therefrom, it is agreed as follows:
1. Paragraph five of the agreement of December 31, 1979, is revoked.
2. Lessee shall have the option to terminate the lease of July 12, 1979,
under the following terms and conditions:
After January 1, 1992, and prior to January 31, 1992, Lessee shall have the
right to elect to terminate the lease effective January 31, 1993. This
election must be made in writing. Lessee shall also be required to pay a
cancellation fee equal to six months rent, based on the total rental and
required lease payments due and owing under the terms of the lease for the
period from February 1, 1992, to January 31, 1993. The effective date of
termination shall be at the end of January 1993. To make the election
effective, the fee must be paid to Lessor on or before January 31, 1993.
The payment of the cancellation fee shall not relieve Lessee of its
obligation under the terms of the lease to pay rent which is a separate
obligation from the payment of the cancellation fee. Time is of the essence
with respect to the exercise of the election to terminate the lease and pay
the cancellation fee. The election and cancellation fee must be personally
delivered to or sent postage prepaid to the Lessor at the address that the
rent is then being paid.
3. All of the remaining terms and conditions of the lease of July 12, 1979,
the agreement of December 31, 1979, and the assignment of March 12, 1980, are
hereby ratified, approved and confirmed between Lessor and Lessee.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the
day and year first above/written.
BROOKFIELD INVESTMENT CO.-Lessor
By: /s/ Xxxx X. Xxxxxx
----------------------------------
Authorized Partner
/s/ Xxxx X. Xxxxxxxx
----------------------------------
Authorized Partner
PAYCO AMERICAN CORPORATION-Lessee
By: /s/ Xxxxxx Punches
----------------------------------
President
THIRD AMENDMENT TO LEASE AGREEMENT
BY AND BETWEEN
BROOKFIELD INVESTMENT CO.,
AS LANDLORD, AND
PAYCO GENERAL AMERICAN CREDITS, INC.
AS TENANT
THIS THIRD AMENDMENT TO LEASE AGREEMENT, by and between Brookfield
Investment Co., a General Partnership ("Landlord") and Payco General American
Credits, Inc. ("Tenant") is executed and to become effective on this 25th day of
January, 1996.
WHEREAS, Brookfield Investment Co., as Landlord, and Payco General American
Credits, Inc., as Tenant, have heretofore entered into that certain Office
Building Lease Agreement, dated July 12, 1979 and Amended December 30, 1986,
(the "Lease"), under and pursuant to the terms of which Tenant has leased
certain office space ("Premises") in that certain office building commonly known
as "180" ("Building"), which is located at 000 X. Xxxxxxxxx Xxxxx, in the City
of Brookfield, Waukesha County, Wisconsin, as more particularly described in the
Lease; and
WHEREAS, Landlord and Tenant desire to amend the Lease in order to evidence
their agreements with respect to the following:
NOW, THEREFORE, for and in consideration of the mutual covenants contained
herein and in the Lease, the parties hereby covenant and agree that the Lease is
amended as follows:
1. Defined Terms. Terms defined in the Lease and delineated herein by
initial capital letters shall have the same meaning ascribed thereto in the
Lease, except to the extent that the meaning of such term is specifically
modified by the provisions hereof. In addition, other terms not defined in the
Lease but defined herein will, when delineated with initial capital letters have
the meanings ascribed hereto in this Amendment. Terms and phrases which are not
delineated by initial capital letters shall have the meanings commonly ascribed
thereto.
2. Expiration Date. As used herein, the term "Expiration Date" shall mean
an extended period of eleven (11) months from April 1, 2000 to February 28,
2005, for a portion of the Premises described below.
3. Premises. As used herein the terms "Premises shall mean the portion of
the space located on the 1st Floor, and shall be referred to as Suite 100 for
all purposes, including, without limitation, the determination of the Tenant's
share of Basic Costs. The Premises shall contain a total of Approximately 6,125
square feet of Rentable Area.
4. Base Rent. Base Rent for the Extension Period shall be equal to the
monthly rent remitted for the month of March, year 2000, adjusted by the CPI
provision within the lease.
LANDLORD:
BROOKFIELD INVESTMENT CO.
a Wisconsin General Partnership
By: /s/ Xxxx X. Xxxxxx
----------------------------------
Xxxx X. Xxxxxx
TENANT:
PAYCO GENERAL AMERICAN CREDITS, INC.
By: /s/ Xxxxxxx X. Xxxxx
----------------------------------
Xxxxxxx X. Xxxxx
