EXHIBIT 10.36.2
SECOND AMENDMENT TO SUBLEASE
THIS SECOND AMENDMENT TO THE SUBLEASE ("Second Amendment") is entered into
as of September 1 2003, by and between WFS FINANCIAL INC., ("SUBLESSOR"), and
WFS RECEIVABLE CORPORATION, WFS RECEIVABLES CORPORATION 2, WFS RECEIVABLES
CORPORATION 3, WFS RECEIVABLES CORPORATION 4, WFS FINANCIAL AUTO LOANS, INC.,
WFS FINANCIAL AUTO LOANS 2, INC., WESTERN AUTO INVESTMENTS, INC., AND WFS
FUNDING, INC., (EACH INDIVIDUALLY KNOWN AS THE "SUBLESSEE" AND COLLECTIVELY
KNOWN AS THE "SUBLESSEES") and hereby amends the Sublease between Sublessor and
Sublesees dated June 1, 2002, as amended. Sublessor and Sublessees hereby agree
to the following:
A. PARTIES: The Sublease shall be amended to include WFS Receivables
Corporation 4, as an additional Sublessee.
B. RENT: Effective September 1, 2003, Exhibit "A" shall be replaced
by Exhibit "A-2", attached hereto.
C. SECURITY DEPOSIT: Effective September 1, 2003, the first sentence
of Section 7 shall be amended to read: "Sublessees shall each deposit One
Hundred Ten and 40/100 Dollars ($110.40) as security for Sublessess'
faithful performance of Sublessees' obligations hereunder ("Security
Deposit")."
D. NOTICES: Section 15 shall be amended to include:
To Sublessee: WFS Receivables Corporation 4
Attn: Xxxx Xxxxxxxx
000 X. Xxxx Xxxxxxx Xx., Xxxxx 000
Xxx Xxxxx, XX 00000
Except as modified by this Second Amendment to Sublease, the Sublease shall
remain in full force and affect. Capitilized terms not defined herein shall have
the meaning as set forth in the Sublease. This Second Amendment to Sublease and
the Sublease embodies the entire agreement between the parties relating to the
subject matter contained herein.
SUBLESSOR: WFS Financial Inc SUBLESSEE: WFS Receivables Corporation
By: By:
------------------------------------ -----------------------------------
Xxx Xxxxxxx Xxxx Xxxxxxxx
Title: Corporate Real Estate, Manager Title: President
By: By:
------------------------------------ -----------------------------------
Xxx Xxxxxxxx Xxxxx Xxxx
Title: CFO Title: Assistant Vice President
Date:__________________________________ Date:_________________________________
SUBLESSEE: WFS Receivables SUBLESSEE: WFS Financial Auto Loans
Corporation 2
By: By:
------------------------------------ -----------------------------------
Xxxx Xxxxxxxx Xxxx Xxxxxxxx
Title: President Title: President
By: By:
------------------------------------ -----------------------------------
Xxxxx Xxxx Xxxxx Xxxx
Title: Assistant Vice President Title: Assistant Vice President
Date:__________________________________ Date:_________________________________
SUBLESSEE: WFS Financial Auto SUBLESSEE: Western Auto
Loans 2 Inc Investments, Inc.
By: By:
------------------------------------ -----------------------------------
Xxxx Xxxxxxxx Xxxx Xxxxxxxx
Title: President Title: President
By: By:
------------------------------------ -----------------------------------
Xxxxx Xxxx Xxxxx Xxxx
Title: Assistant Vice President Title: Assistant Vice President
Date:__________________________________ Date:_________________________________
SUBLESSEE: WFS Funding, Inc. SUBLESSEE: WFS Receivables
Corporation 3
By: By:
------------------------------------ -----------------------------------
Xxxx Xxxxxxxx Xxxx Xxxxxxxx
Title: President Title: President
By: By:
------------------------------------ -----------------------------------
Xxxxx Xxxx Xxxxx Xxxx
Title: Assistant Vice President Title: Assistant Vice President
Date:__________________________________ Date:_________________________________
Sublessee: WFS Receivable Corporation 4
By:
------------------------------------
Xxxx Xxxxxxxx
Title: President
By:
------------------------------------
Xxxxx Xxxx
Title: Assistant Vice President
Date:__________________________________
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EXHIBIT "A-2" TO SUBLEASE
RENT SCHEDULE
Each of the Eight (8) Sublessees shall pay one eighth (.125%) of the Minimum
Rent and Operating Costs in accordance with Sections 6.1, 6.2 and the Rent
Schedule indicated below.
RENT SCHEDULE
Period Minimum Rent Amount due from each Sublessee
----------------------------- -------------------- ------------------------------
Sept 1, 2003 - April 30, 2004 $883.20 per month $110.40 per month
May 1, 2004 - April 30, 2005 $909.72 per month $113.72 per month
May 1, 2005 - April 30, 2006 $936.99 per month $117.12 per month
May 1, 2006 - April 30, 2007 $965.10 per month $120.64 per month
May 1, 2007 - April 30, 2008 $994.05 per month $124.26 per month
May 1, 2008 - April 30, 2009 $1,023.90 per month $127.99 per month
May 1, 2009 - April 30, 2010 $1,054.59 per month $131.82 per month
May 1, 2010 - April 30, 2011 $1,086.20 per month $135.78 per month
May 1, 2011 - April 30, 2012 $1,118.82 per month $139.85 per month
OPERATING COSTS
Sublessees prorata share of the Operating Cost due under the Sublease is Eight
and Forty Three Hundredths percent (8.43%). Each Sublessee shall pay one Eighth
percent (.125%) of the total amounts due. The initial Operated Cost for the
Sublease is $175.89 per month therefore each Sublessee shall pay $21.99 per
month. The Operating Cost is subject to adjustments in accordance with Section
6.2 of the Sublease.
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