Exhibit 10.28(a)
FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE is made this 22nd day of October, 2003, by and
between ProLogis California I LLC, hereinafter referred to as "Landlord," and
Skechers U.S.A., Inc., hereinafter referred to as "Tenant."
WITNESSETH:
WHEREAS, Landlord and Tenant entered into that certain Lease dated April 10,
2001 (the "Lease") for a 763,228 square foot space known and numbered as 0000 X.
Xxxxxxx Xxxx., Xxxxxxx, XX 00000 (the "Premises");
AND WHEREAS, Landlord is exercising Landlord's Recapture Right and defined in
the Lease:
AND WHEREAS, the parties hereto now desire to amend and modify said Lease more
fully as hereinafter set forth.
AGREEMENT:
NOW THEREFORE, in consideration of the Premises and the mutual covenants
hereinafter contained the parties hereto agree as follows:
1. Effective October 12, 2003, the Premises shall be reduced by 1,391
square feet to a revised approximate size of 761,837 square feet and
the approximately six (6) parking stalls in front of Landlord's Office
Space shall be allocated to said space.
2. Monthly Base Net Rent shall be adjusted as follows:
October 1, 2003 - October 31, 2003 $217,264.24
November 1, 2003 - May 31, 2006 $217,123.57
June 1, 2006 - November 30, 2008 $236,169.79
December 1, 2008 - May 31, 2011 $251,405.97
3. Effective October 12, 2003, Tenant's proportionate share of the
Building and Project shall be 99.82%.
4. Pursuant to Addendum 4 of the Lease, Landlord shall build Landlord's
Office Space (see attached Exhibit A) in the recaptured area at its
own expense, and all utilities shall be separately metered (except for
water and sewer which shall be jointly metered). Landlord agrees to
use reasonable efforts to not disrupt Tenant's business while Landlord
is constructing Landlord's Office Space, and Tenant agrees to use
reasonable efforts not to disrupt Landlord in its construction of
Landlord's Office Space.
5. Except as herein amended, the terms and conditions of the Lease and
any amendments thereto, shall continue in full force and effect and
the lease as amended herein is hereby ratified and affirmed by
Landlord and Tenant.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to
lease in multiple counterparts, each of which shall have the force and effect of
an original.
TENANT LANDLORD
SKECHERS U.S.A., INC. PROLOGIS CALIFORNIA I LLC
By: /s/ XXXXX XXXXXXXX By: /s/ XXXXX X. XXXXXXX
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Name: Xxxxx Xxxxxxxx Name: Xxxxx X. Xxxxxxx
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Title: Executive Vice President Title: Senior Vice President
Chief Financial Officer ----------------------------
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