Exhibit 10.7
FIRST AMENDMENT TO
LEASE AGREEMENT
This First Addendum to Lease
Agreement (the “First Amendment”) is entered into this
25 day of
July ,
2003 by and between Griffin Properties, LLC, a California limited
liability company (“Landlord”) and 1
st Pacific Bank of California, a California
Corporation (“Tenant”), and is made with reference to
the following facts and objectives:
R
E C I
T A L S
A.
Landlord and Tenant have previously entered into that certain Lease
Agreement dated April 18, 2003 (the “Lease”) whereby
Tenant agreed to lease from Landlord, and Landlord agreed to lease
to Tenant, certain premises commonly known as 8889 Rio San Diego
Drive, Suite , San Diego, California (the
“Premises”), and being more particularly described in
the Lease.
B.
Landlord and Tenant desire to amend the terms of the Lease in
accordance with the terms of this First Amendment.
NOW, THEREFORE, the parties hereto
hereby agree as follows:
1.
Premises
: The parties agree that Section 1.2 of the
Lease is hereby amended to provide that, for all purposes of the
Lease, the size of the Premises is hereby deemed to be Three
Thousand Nine Hundred Four (3,904) rentable square feet.
2.
Base Rent
: Section 1.8
