EX-10.45
WAREHOUSE LEASE AGREEMENT
This Warehouse
Lease Agreement ("Agreement") was made and entered into on
October 1, 1993 by and between Nu Skin International, Inc. ("Lessee") a Utah
Corporation with a principal place of business at 75 West Center
Street, Provo,
Utah 84601 and Aspen
Investments, Ltd.
("Lessor") a Utah
Limited
Partnership
with a place of business at 75 West Center, Provo, Utah 84601.
In consideration
of the mutual
covenants contained in this triple net lease
Agreement, the parties agree as follows:
1.
Description of Premises: Lessor hereby leases to Lessee that part
of the
premises located at 1085 South 250 East, Provo Utah, otherwise known as
the Annex (or old Wicat building) and more particularly described
as:
The Lessors building and ground 160 feet East and West by 300 feet
North
and South, located at
1085 South 250 East, Provo, Utah, together with
the use with
Lessor of a 200 foot by 140 foot asphalt parking lot
located at the corner of 1000 South 350 East, containing approximately
100 parking spaces.
And as set forth on Exhibit A (hereinafter referred to as the "Leased
Premises") attached hereto and incorporated herein by this
reference for
the term and at the rental provided for in this Agreement.
2. Rental:
In consideration
of the lease of the
Leased Premises,
Lessee
shall pay Lessor a monthly rental of Seven Thousand Seven Hundred and
no/100 Dollars ($7,700.00) beginning on October 1, 1993 with
succeeding
payments due on the
first day of each
month during the term of this
Agreement plus other charges as hereinafter set forth.
3. Term: This
Agreement shall have a
term of five (5) years
commencing on
October 1, 1993 and shall renew automatically for like terms unless
otherwise terminated pursuant to this Agreement.
4. Use of
Leased Premises:
4.1 The Leased Premises
shall be used and occupied for the storage of
property and for whatever lawful business activities Lessee
deems
necessary.
4.2 Lessee
shall not store any items that Lessee possesses illegally
or items that are
unlawful to be
possessed.
Lessee shall not
store any flammable,
explosive, or dangerous material or illegal
drugs in the Leased Premises.
5. Access To
Leased Premises by
Lessor: Lessee shall,
for the purpose of
storage or removal of any merchandise, goods, or other property in
the
Leased Premises, be permitted easy and convenient passage at any
and all
times, through any
part of the abutting premises occupied or controlled
by Lessor.
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6. Facilities
of Lessor:
6.1 For
the convenient
moving of merchandise, goods, and other
property to or from
the Leased Premises,
Lessee may use, at
no
extra
cost, pulleys,
scales or any other
fixture or
appliances
located in the Leased Premises.
6.2 Lessee
may place any marks, signs, or other evidences of
possession in o
