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EXHIBIT 10.11
FIRST AMENDMENT TO LEASE
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THIS FIRST AMENDMENT TO LEASE is entered into this 25th day of June, 1991,
by XXXXXXX X. XXXXX and XXXXXX X. XXXXX ("Landlord") and G.I. JOE'S, INC., an
Oregon corporation ("Tenant").
Landlord is the successor to the lessor and Tenant is the lessee under that
certain lease dated as of October 8, 1981 between Pacific Cascade Corporation, a
Washington corporation, and Tenant pertaining to a portion of the Delta Oaks
West Shopping Center located in the City of Xxxxxx, Lane County, Oregon, as
modified by Lease Modification Agreement dated April 22, 1982 (the "Lease"). The
parties now wish to amend the Lease.
NOW, THEREFORE, the Lease is hereby amended as follows:
1. Exhibit B of the Lease is amended to read as follows:
"The Premises shall include (a) that parcel containing
approximately 55,120 square feet described in the attached
Exhibit B-2 (the "Building Area"), and (b) the remainder of that
parcel described in the attached Exhibit B-3, exclusive of the
Building Area (the "G.I. Joe's Common Area"), the use of which
shall be subject to the covenants, conditions, restrictions and
easements contained in the Amended Declaration of Establishment
of Protective Covenants, Conditions, and Restrictions and Grants
of Easements for Delta Oaks West attached hereto as Exhibit F
(the "Amended Declaration"), and (c) the right to use, in common
with others, the remaining common areas within Delta Oaks West as
provided in the Amended Declaration.
2. Article V of the Lease is hereby deleted. Tenant's use of the Premises
shall be subject to all of the terms, covenants, restrictions and easements
contained in the Amended Declaration, and Tenant shall pay by the Due Date
thereof all common expense assessments and charges allocable to the Premises
under the Amended Declaration during the term of the Lease.
3. Article XI of the Lease is hereby amended so that the insurance
requirements of that Article shall be applicable only to the Building Area, and
not to the G.I. Joe's Common Area, so long as the Managing Agent insures the
G.I. Joe's Common Area in accordance with the provisions of the Amended
Declaration.
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4. Except as expressly amended by this First Amendment, the terms and
provisions of the Lease, as previously modified, shall remain in full force and
effect.
LANDLORD: /s/ XXXXXXX X. XXXXX
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Xxxxxxx X. Xxxxx
/s/ XXXXXX X. XXXXX
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Xxxxxx X. Xxxxx
TENANT: G.I. JOE'S, INC.
By /s/
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Its sec treas
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STATE OF OREGON )
) ss.
County of Multnomah )
The foregoing instrument is acknowledged before me this 25 day of June,
1991, by XXXXXXX X. XXXXX and XXXXXX X. XXXXX.
/s/
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Notary Public for Oregon
My commission expires: 5/4/95
STATE OF OREGON )
) ss.
County of Clackamas )
The foregoing instrument is acknowledged before me this 21st day of May,
1991, by Xxxxx X. Xxxxxxx, Secretary - Treasurer of G.I. Joe's, Inc., an Oregon
corporation, on its behalf.
/s/
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Notary Public for Oregon
My commission expires: 3/12/95
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