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upr000140 173

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upr000140-173
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^ Lessee’s equipment, trade fixtures and wood paneling, as provided in said lease as amended; and WHEREAS, the parties desire to revise the provisions of said lease with respect to allocation of cost of said work and the payment of rental thereunder: THEREFORE, BE IT RESOLVED, that the action of President and Asst. Secretary Bachman in executing supplemental agreement C. L. D. No. 8920, dated December 14, 1948, between LVL&WCo. and Mike Lyman’s, Inc., amending said agreement C. A. No. 10337 to provide: (a) Lessee shall bear the entire cost of installing necessary equipment, trade fixtures and wood paneling, including architect’s fees applicable thereto; (b) The cost of altering and remodeling the leased premises (exclusive of the wood paneling), includ­ing the architect’s fees applicable thereto, shall be borne as follows: 1 - Lessor shall bear that portion of the cost not in excess of $144,000; 2 - Lessee shall originally bear that portion of the cost in excess of $144,000 and not in excess of $200,000, upon rendition of bill therefor, which portion shall be credited against percentage rental due in excess of guaranteed minimum; 3 - Lessor shall originally bear that portion of the cost in excess of $200,000, which excess shall be subject to reimbursement by Lessee by an amount equal to 1% of Lessee’s monthly total gross sales; (c) Effective as of June 29, 1948, the guaranteed minimum monthly rental shall be $3,200; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, the following resolution was unanimously adopted: WHEREAS, under agreement ”N”LD 2178, dated January 12, 1949, with Las Vegas Union School District, a body politic acting for and on behalf of Educational District No. 12, covering relocation -4-