Exhibit 10.11
FIRST
AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE (
“Amendment” ) effective as of May 1, 2006
by and between Aerospace/Defense, Inc., a South
Carolina Corporation (hereinafter call the
“Landlord” ) and Force Protection
Industries, Inc. and Force Protection, Inc.,
Nevada corporations (collectively, the “Tenant”
).
RECITALS
1.
By Industrial Lease effective as of January 15, 2006 (the
“Lease” ), the Landlord leased unto Tenant
certain premises within Building No. 1 situated in an
industrial project (the “Project” ) located in
Ladson (Charleston County), South Carolina. By the execution
of this Amendment, the parties intend to amend the Lease according
to the terms of Subsection 27K of the Lease. Each
capitalized term used and not otherwise defined or modified herein
shall have the meaning ascribed thereto in the Lease.
2.
At the request of the Tenant, the Landlord has agreed to modify the
term “Premises” by:
A.
Adding a total of 35,529 square feet to Paragraph 1A, Clause
(i) of the Lease which square footage is comprised of and
added to the definition of “Leased Area” as of
the dates listed below:
(1)
468 square feet comprised of an area measuring approximately 13
feet times 36 feet from the east end of the mezzanine located above
D-Bay in Building No. 1 as shown on Exhibit A to
this Amendment — to become a portion of the Leased Area as of
May 1, 2006;
(2)
2,301 square feet comprised of an area measuring approximately 39
feet times 59 feet at the southeast corner of C-Bay in Building
No. 1 as shown on Exhibit B to this Amendment
— to become a portion of the Leased Area as of May 1,
2006;
(3)
32,760 square feet of floor area (not including mezzanine areas) of
D-Bay of Building No. 1 as follows:
(a)
9,360 square feet comprising an area measuring approximately 117
feet times 80 feet and shown as Area #1 on Exhibit C to
this Amendment — to become a portion of the Leased Area as of
May 1, 2006;
(b)
4,680 square feet comprising an area measuring approximately 117
feet times 40 feet and shown as Area #2 on Exhibit C to
this Amendment — to become a portion of the Leased Area as of
May 15, 2006;
(c)
4,680 square feet comprising an area measuring approximately 117
feet times 40 feet and shown as Area #3 on Exhibit C to
this
1
Amendment —
to become a portion of the Leased Area as of May 22,
2006;
(d)
4,680 square feet comprising an area measuring approximately 117
feet times 40 feet and shown as Area #4 on Exhibit C to
this Amendment — to become a portion of the Leased Area as of
May 30, 2006;
(e)
4,680 square feet comprising an area measuring approximately 117
feet times 40 feet and shown as Area #5 on Exhibit C to
this Amendment — to become a portion of the Leased Area as of
June 6, 2006; and
(f)
4,680 square feet comprising an area measuring approximately 117
feet times 40 feet and shown as Area #6 on Exhibit C to
this Amendment — to become a portion of the Leased Area as of
June 13, 2006;
For clarification, once
all the additional square footage referenced in subsections
(1) through (3) above have become added to and a part of
the Leased Area (and therefore the “Premises” )
as hereinabove provided, the total square footage of Leased Area
shall total 61,709 square feet (26,180 square feet referenced in
Clause (i) of Paragraph 1A of the Lease, plus 35,529 square
feet referenced above).
B.
Modifying Clause
