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Exhibit 10.19
AMENDMENT NO. 2
to
K-SWISS/SPACE CENTER
LEASE
Dated March 11,
1997
This AMENDMENT NO. 2 amends the
Lease Agreement entered into on March 11, 1997 between
K-Swiss, Inc. (“Lessee”) and Space Center Mira Loma,
Inc. for the rental of certain property and improvements located at
3177 Space Center Court, Mira Loma, California (“the
Lease”).
RECITALS:
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Lessee and Lessor (the
“Parties”) are desirous of amending the Lease through
this Amendment No. 2 in order to extend the Term of the
Lease.
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NOW, THEREFORE, in consideration of
the mutual covenants and promises of Lessee and Lessor, the Parties
agree to amend the Lease as follows:
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1.
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The Parties
agree that the Lease Term in Section 1.3 of the Lease shall
now be extended sixty (60) consecutive months from
February 1, 2010 through January 31, 2015
(“Expiration Date”).
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2.
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The Parties
agree that the Base Rent for the lease Extension Term shall be as
follows:
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February 1, 2010-July 31, 2012 :
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$111,240.00/mo
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($0.36 NNN psf)
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August 1, 2012-January 31, 2015:
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$117,420.00/mo
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($0.38 NNN
psf)
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3.
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The Parties
agree that Lessor with provide the follow Improvements to the
Premises at Lessor sole expense:
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HVAC repair / replacement for
existing systems if required after survey is completed.
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Plumbing repair as required
following survey for the center existing restrooms.
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Replace flooring with similar
type in center warehouse office areas.
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Remove a portion of the existing
offices in the SWC of the building.
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4.
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Section 1.34 of Addendum Number 1 to the
Lease is stricken in its entirety a
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