Lease Renewal Notice and Rent Confirmation between RNM 135 Main, L.P. and California Federal Bank for 135 Main Street, San Francisco

Summary

California Federal Bank notifies RNM 135 Main, L.P. that it is exercising its option to renew the lease for five years for its premises at 135 Main Street, San Francisco, including specified floors, suites, and parking stalls. The rent for the renewal term will be 95% of the fair market rate as determined by a third expert, as outlined in the original lease. The letter requests written acknowledgment of receipt from the landlord.

EX-10.6 3 0003.txt LEASE AGREEMENT March 30, 2000 RNM 135 Main, L.P. C/o La Salle Partners 135 Main Street, Suite 1140 San Francisco, CA 94105 Attn: Mr. John McNulty RE: LEASE AGREEMENT DATED NOVEMBER 15, 1990, AS AMENDED (THE "LEASE") BY AND BETWEEN RNM 135 MAIN, L.P., A CALIFORNIA LIMITED PARTNERSHIP SUCCESSOR IN INTEREST TO WEBB/SAN FRANCISCO VENTURE, LTD. ("LANDLORD") AND CALIFORNIA FEDERAL BANK, A FEDERAL SAVINGS BANK SUCCESSOR IN INTEREST TO FIRST NATIONWIDE BANK, A FEDERAL SAVINGS BANK ("TENANT") FOR 135 MAIN STREET, SAN FRANCISCO, CA, FLOORS 3-8 & 20, SUITE 1030 & 1120 AND PORTIONS OF THE BASEMENT AND GROUND FLOOR AS MORE SPECIFICALLY DESCRIBED IN THE LEASE. Dear Mr. McNulty: By this letter, Tenant hereby notifies Landlord that Tenant irrevocably and unconditionally exercises its option to extend the Term of the Lease for the first five year Renewal Term for all of the premises presently leased by Tenant at 135 Main Street, San Francisco, specifically, Floors 3 through 8 inclusive, Floor 20, Suites 1030 & 1120 and portions of the basement and the Retail Space as more specifically described in the Lease (the "Premises"), as well as all eight (8) of the parking stalls currently leased by Tenant. The Minimum Rent payable during the Renewal Term for all of the Premises other than the Parking shall be as stated on the attached Exhibit "A", which is 95% of the Fair Market Rental Rate as determined under the terms of Paragraph 20b of the Lease by Mark McGranahan (the "Third Expert") in his letters dated May 3, 2000 and May 4, 2000, respectively. Please send us a letter acknowledging your receipt of this letter. Sincerely, California Federal Bank /s/Charles W. Kay - ------------------------------- Charles W. Kay Senior Vice President cc: Rayburn Tucker Edward Murphy, Esq. Michael Fleishman, Esq. Helen Sedwick, Esq.