Exhibit 10.36
EXTENSION OF LEASE
March 16, 1998
Reference is made to that certain Lease dated October 31/st/, 1994 between
Xxxxxxx X. Xxxxx, as Lessor, subsequently purchased by Xxxxx X. Xxx Trustee
under Agreement dated April 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 00/xx/ 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, 1998 to March 31,
2001.
2. The monthly rental for such extended term shall be: April 1, 1998 to March
31, 1999 at .46 cents per sq/ft plus CAM charge of .06 cents and rental
tax. This would be a monthly rental rate of $3,507.50. April 1, 1999 to
March 31, 2000 at .48 cents per sq/ft plus CAM charge of .06 cents and
rental tax. This would be a monthly rental rate of $3,642.41. April 1, 2000
to March 31, 2001 at .50 cents per sq/ft plus CAM charge of .06 cents and
rental tax. This would be a monthly rental rate of $3,777.31.
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 April 21, 1998
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Xxxxx X. Xxx
LESSEE /s/ Xxx X. Xxxx DATE April 13, 1998
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Xxxxxxxxx & Xxxx, Inc.
Xxx Xxxx, President
