EXHIBIT 10.48
FIRST AMENDMENT TO LEASE AGREEMENT
FOR THE DIAL BUILDING
FIRST AMENDMENT TO LEASE
This First Amendment to Lease, dated as of August 23, 1999 (First Amendment),
between Xxxx Companies US, Inc., formerly before the name change known as Xxxx
Construction Company of Minnesota, Inc. (Landlord) and The Dial Corporation
(Tenant).
WITNESSETH, that:
WHEREAS, Landlord and Tenant have entered into a Lease dated March 21, 1997
(Lease) for approximately 129,689 square feet of area, whereby Landlord has
leased to Tenant certain Premises located in the City of Scottsdale, State of
Arizona, consisting of the Premises, as such Premises are defined in the Lease;
and
NOW, THEREFORE, Landlord and Tenant desire and intend hereby to amend the
Lease as specifically hereinafter set forth and provided:
1. The Lease Term commenced on August 14, 1997.
2. The Lease Term shall expire on August 31, 2008.
3. The Rental Commencement Date shall commence on February 14, 1998.
4. The Annual Base Rent shall be for the period from February 14, 1998
through August 31, 2008 shall be One Million Three Hundred Eighty
Seven Thousand Six Hundred Seventy Two and 30/100 Dollars
($1,387,672.30), payable in equal monthly installments of One Hundred
Fifteen Thousand Six Hundred Thirty Nine and 36/100 Dollars
($115,639.36).
EXCEPT as expressly amended or supplemented herein, the Lease shall remain
and continue in full force and effect in all respects.
IN WITNESS WHEREOF, the Lease Amendment is hereby executed and delivered
effective as of the date and year first above written.
LANDLORD: XXXX COMPANIES US, INC.
BY: /s/ Xxxx Xxxxxxxxxxxx
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Its: VP
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TENANT: THE DIAL CORPORATION
BY: /s/ Xxxxxx Xxxxxx
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Its:
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