Exhibit 10.18
FIRST AMENDMENT TO OFFICE
LEASE
This First
Amendment to Office Lease (this “ First Amendment
”) is made and entered into as of January 31, 2005, by and
between 443 SOUTH RAYMOND TENANT, LLC, a California limited
liability company ( “ Landlord ” )
, and THE CHILDREN’S PLACE SERVICES COMPANY, LLC, a Delaware
limited liability company (“ Tenant
”).
R E C I
T A L S :
A. 443 South
Raymond Owner, LLC, a California limited liability company (
“ 443 Owner ” ) and Tenant executed that
certain Office Lease (the “ Lease ”), dated
January 21, 2005, pursuant to which Tenant leased certain space in
the project located at 443 South Raymond Avenue, Pasadena,
California.
B. The
“Landlord” entity was incorrectly stated throughout the
Lease and the Guaranty relating thereto, and Landlord and Tenant
desire to amend the Lease to reflect the correct Landlord entity
and to otherwise agree upon the terms and conditions set forth in
this First Amendment.
D. All
undefined terms when used herein shall have the same respective
meanings as are given such terms in the Lease, unless expressly
provided otherwise in this First Amendment.
A G R E
E M E N T :
NOW,
THEREFORE, in consideration of the foregoing recitals and the
mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as
follows.
1.
Landlord Entity . Landlord
and Tenant hereby acknowledge and agree that the Lease erroneously
referred to “Landlord” as 443 Owner. Based upon the
foregoing, Landlord and Tenant further acknowledge and agree that,
retroactive to the date of the full execution and delivery of the
Lease, (i) all references in the Lease to 443 Owner shall be deemed
deleted and replaced with Landlord, as set forth in this First
Amendment, (ii) the landlord under the Lease shall be deemed the
Landlord set forth in this First Amendment (and not 443 Owner) as
if the Landlord set forth in this First Amendment originally
executed the Lease, and (iii) the Lease, as amended
