EXHIBIT 10.35.1
FIRST AMENDMENT TO SUBLEASE
THIS FIRST AMENDMENT TO SUBLEASE ("Amendment") is entered into as of this 1st
day of September 2002, by and between WFS FINANCIAL INC., ("SUBLESSOR"), and WFS
RECEIVABLE CORPORATION, WFS RECEIVABLES CORPORATION 2, 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. Sublessor and Sublessees hereby agree to the
following:
A. PARTIES: The Sublease shall be amended to include WFS
Receivables Corporation 3, as an additional Sublessee.
B. RENT: Effective September 1, 2002, Exhibit "A" shall be
replaced by Exhibit "A-1", attached hereto.
C. SECURITY DEPOSIT: Effective September 1, 2002, the first
sentence of Section 7 shall be amended to read: "Sublessees shall each
deposit One Hundred Twenty Six and 17/100 Dollars ($126.17) 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 3
Attn: John Coluccio
444 E. Warm Springs Rd., Suite 116
Las Vegas, NV 89119
Except as modified by this First Amendment to Sublease, the Sublease shall
remain in full force and affect. This First 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:
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Jon Kidwell John Coluccio
Title: Corporate Real Estate, Manager Title: President
By: By:
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Lee Whatcott Keith Ford
Title: CFO Title: Assistant Vice President
Date: Date:
-------------------------------- ----------------------------------
SUBLESSEE: WFS Receivables Corporation 2 SUBLESSEE: WFS Financial Auto Loans
By: By:
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John Coluccio John Coluccio
Title: President Title: President
By: By:
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Keith Ford Keith Ford
Title: Assistant Vice President Title: Assistant Vice President
Date: Date:
-------------------------------- ----------------------------------
SUBLESSEE: WFS Financial SUBLESSEE: Western Auto
Auto Loans 2 Inc Investments, Inc.
By: By:
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John Coluccio John Coluccio
Title: President Title: President
By: By:
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Keith Ford Keith Ford
Title: Assistant Vice President Title: Assistant Vice President
Date: Date:
-------------------------------- ----------------------------------
SUBLESSOR: WFS Financial Inc ` SUBLESSEE: WFS Receivables Corporation
By: By:
---------------------------------- ------------------------------------
John Coluccio John Coluccio
Title: President Title: President
By: By:
---------------------------------- ------------------------------------
Keith Ford Keith Ford
Title: Assistant Vice President Title: Assistant Vice President
Date: Date:
-------------------------------- ----------------------------------
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EXHIBIT "A-1" TO SUBLEASE
RENT SCHEDULE
Each of the Seven (7) Sublessees shall pay one seventh (.1429%) 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, 2002 -- April 30, 2004 $883.20 per month $126.17 per month
May 1, 2004 -- April 30, 2005 $909.72 per month $129.96 per month
May 1, 2005 -- April 30, 2006 $936.99 per month $133.86 per month
May 1, 2006 -- April 30, 2007 $965.10 per month $137.87 per month
May 1, 2007 -- April 30, 2008 $994.05 per month $142.01 per month
May 1, 2008 -- April 30, 2009 $1,023.90 per month $146.27 per month
May 1, 2009 -- April 30, 2010 $1,054.59 per month $150.66 per month
May 1, 2010 -- April 30, 2011 $1,086.20 per month $155.17 per month
May 1, 2011 -- April 30, 2012 $1,118.82 per month $159.83 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 Seventh
percent (.1429%) of the total amounts due. The initial Operated Cost for the
Sublease is $160.00 per month therefore each Sublessee shall pay $22.86 per
month. The Operating Cost is subject to adjustments in accordance with Section
6.2 of the Sublease.
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