COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement (“Lease”) is made and effective November 1, 2005, by
and between Kristra Investments, Ltd. (“Landlord”) and Tutor-Saliba Corporation
Landlord is the owner of land and improvements commonly known and numbered as
Assessors parcel number 0236-191-25-0-000, located on the northeast corner of Jarupa
Avenue and Cherry Avenue in Fontana, California.
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the
Leased Premises from Landlord for the term, at the rental and upon the covenants,
conditions and provisions herein set forth.
THEREFORE, in consideration of the mutual promises herein, contained and other good
and valuable consideration, it is agreed:
1. Term .
A. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby leases the
same from Landlord, for an “Initial Term” beginning November 1, 2005 and ending
October 31, 2006. Landlord shall use its best efforts to give Tenant possession as nearly as
possible at the beginning of the Lease term. If Landlord is unable to timely provide the
Leased Premises, rent shall abate for the period of delay. Tenant shall make no other claim
against Landlord for any such delay.
B. The Term shall automatically be extended at the rental set forth below and otherwise
upon the same covenants, conditions and provisions as provided in this Lease unless
otherwise agreed upon in writing by the parties to the Lease. After the Initial Term, either
party may terminate the lease by providing 90 day notice in writing to the other party of
such intent to terminate.
2. Rental .
A. Base Rent. Tenant shall pay to Landlord during the Initial Term rental of $480,000
per year, payable in installments of $40,000 per month (the “Base Rent”). Each installment
payment shall be due in advance on the first day of each calendar month during the lease
term to Landlord at 15901 Olden Street, Sylmar, California 91342 or at