upr000145 141

^ (c) 4% per annum of the cost to the Lessor for all additions and Improvements made by the Lessor to said building after the date of said lease, including certain improvements made by Lessor at its expense, as well as any ad­ditional improvements which the Lessor, with the approval of the Lessee, may hereafter make, computed, in each case, from the date such additions and improvements are completed, but excluding additions and improvements made in storeroom and basement space excepted from said lease; (d) 2.7% per annum, to cover depreciation, on the cost to the Lessor for all additions and im­provements made by the Lessor to said building after the date of said lease, computed from the date such additions and improvements are, in each case, completed, excluding additions and improvements made in storeroom and base­ment space excepted from said lease; from which shall be deducted the total annual amount of rentals payable to the Lessor by lessees of storeroom, and basement space excepted from said lease; said rental payable in equal monthly installments; Lessee to also pay insurance premiums and taxes; leased premises to be used for offices of Lessee and its subsidiary and affiliated companies; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President and Assistant Secretary Rigdon in executing agreement, Audit No. 10031, dated November 8, 1939, between LVL&WCo., Lessor, and Pabst Sales Company, Lessee, covering: Lease of Lots 88 and 89, Tract 5301, together with building thereon, situated at Boyd and Anderson Streets, Metropolitan District, Los Angeles, California, for use for offices and the warehousing and handling of merchandise; for term beginning December 1, 1939, and ex­tending to December 1, 1944; rental $160 per month, payable monthly in advance; -4-