Exhibit 10.43
LEASE AGREEMENT
By and between Xxxx Xxxxxx and Xxxxxxx Xxxxxx DBA L.B.'s of Virginia
and Xxxxxxxx Xxxxx and Old Dominion Enterprises, Inc. DBA Dominion Saddlery.
To lease store building at 000 Xxxxx Xxxxx Xxx, Xxxxxxxxx, Xxxxxxxx
00000, being the center section of the L.B.'s of Virginia building.
This lease will be for a period of one year with four two-year options.
This space to be approximately 3130 hundred square foot, more or less,
of heated floor space.
Dominion Saddlery to pay all utilities and provide all maintenance of
leased area including any and all repairs to lighting, heat and air unit, floors
and walls, cleaning of area and front of the store.
Dominion Saddlery to furnish own Fire and Public Liability Insurance.
Dominion Saddlery to operate business with business hours at their
discretion.
Dominion Saddlery to be responsible for any and all damages done by
employees or customers.
Any defacing of building, walls, floors, or signs shall be repaired by
Dominion Saddlery.
Dominion Saddlery to furnish all signs at their expense. The lighted
sign at the road will be allowed approximately twenty-five square feet. On the
front of the building, half the size of total allowed by county.
The power is on a separate meter base and the gas is on separate
bottles.
Dominion Saddlery to have use of the bathrooms during our normal
business hours of Monday-Saturday 9:00am-6:00pm.
The lease payment shall be in the amount of the following:
- The 1st year @ $6.00 per square foot in the amount of $1,565.00 for
the lease, $100.00 for insurance, and $200.00 for maintenance to be in the total
amount of $1,865.00.
- The 2nd and 3rd year @ $6.50 per square foot in the amount of
$1,695.42 for the lease, $125.00 for insurance, and $225.00 for maintenance to
be in the total amount of $2,045.42.
- The 4th and 5th year @ $7.00 per square foot in the amount of
$1,825.83 for the lease, $150.00 for insurance, and $250.00 for maintenance to
be in the total amount of $2,225.83.
- The 6th & 7th and 8th & 9th years shall be increased by 3%.
This agreement shall be entered into on the 1st day of November 2000.
/s/ Xxxx Xxxxxx /s/ Xxxxxxxx Young
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Xxxx Xxxxxx, Co-Owner Xxxxxxxx Xxxxx
X.X.'s of Virginia Dominion Saddlery
/s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx, Co-Owner
L.B.'s of Virginia
Notary Public: Notary Public:
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EXHIBIT 10.43
AMENDMENT 1
TO
LB's OF VIRGINIA BUILDING LEASE AGREEMENT
1. NAMES
This amendment to lease is made by XXXX XXXXXX, doing business as LB's of
Virginia (Landlord), and DOVER SADDLERY RETAIL, INC., a Massachusetts
corporation with a principal place of business located at XX Xxx 0000, 000 Xxxxx
Xxxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000 (Tenant).
2. TERMS AMENDED
The LB's of Virginia Building Lease Agreement dated November 1, 2000, covering
the premises at 000 Xxxxx Xxxxx Xxxx, Xxxxxxxxx, Xxxxxxxx is assumed by Dover
Saddlery Retail, Inc. and amended as follows: The lease is amended to add a
provision for an additional payment to cover a portion of the landlord's taxes
associated with the property. In addition to the payments outlined in the lease,
Dover Saddlery shall pay the landlord an additional sum of Two Hundred and
Twenty dollars ($220) per month for the remaining months of the current lease
year and per month for each subsequent year of the lease. This payment shall be
increased by 5% on the anniversary of each subsequent year for the life of the
lease.
3. EFFECTIVE DATE
This amendment will take effect on June 15, 2006.
AMENDMENT 1 - PAGE 1
4. OTHER TERMS OF LEASE
In all other respects, the terms of the original lease and any earlier
amendments remain in effect. If there is a conflict between this amendment and
the original lease or any earlier amendment, the terms of this amendment will
prevail.
LANDLORD
Dated: 6-2-06
By: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx, doing business as LB's of Virginia
TENANT
Dover Saddlery Retail, Inc.
Dated: ____________________________________________________
By: /s/ Xxxxxxx X. Day
----------------------------------------------------
Its President, duly authorized
AMENDMENT 1 - PAGE 2
