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EXHIBIT 10.30
SUBLEASE AGREEMENT
DATED: February 19, 1997
BETWEEN: Xxxxxx.xxx, Inc.
AND: X.X. Xxxxxx Company
RECITALS
A. Pacific Northwest Warehouses, Inc. ("Master Landlord"), as lessor,
and Coast Wide Supply Co. ("Master Sublessor"), as lessee, entered into a Lease
dated December 5, 1979 (as subsequently amended and extended, the "Master
Lease"), with respect to a certain office/warehouse building (the "Premises")
located at 0000 Xxxxx Xxxxxx Xxxxx, Xxxxxxx, Xxxxxxxxxx.
B. Master Sublessor, as sublessor, and Xxxxxx.xxx, Inc., a Delaware
corporation ("Xxxxxx.xxx"), as sublessee, entered into a Sublease Agreement (the
"Master Sublease") dated as of January 19, 1996, with respect to the Premises. A
copy of the Master Sublease (which includes a copy of the Master Lease as
Exhibit A, thereto) is attached to this Sublease as Exhibit A. The Premises are
legally described in the Master Lease.
C. Xxxxxx.xxx now wishes to sublease the Premises to X.X. Xxxxxx
Company, a Washington corporation ("Filson"), pursuant to the terms and
conditions of this Sublease.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants herein, and
other good and valuable consideration, the receipt and sufficiency of which is
acknowledged, the parties agree as follows:
1. DEMISE OF THE PREMISES
Xxxxxx.xxx hereby subleases the Premises to Filson, and Filson
subleases the Premises from Xxxxxx.xxx, subject to the terms and conditions of
this Sublease.
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2. TERM AND EARLY ENTRY
The term of this Sublease shall commence March 1, 1997 and shall
continue through 11:00 p.m. pacific time on December 31, 1998. Filson shall have
the right to occupy the Premises on February 21, 1997, provided that from and
after the date Filson first takes possession of the Premises all of the terms
and conditions of this Sublease shall be in effect except for the payment of
Base Rent and additional rent, which shall commence on March 1, 1997.
3. BASE RENT
Filson shall pay to Xxxxxx.xxx monthly base rent in the amount set
forth below ("Base Rent"). Base Rent shall be paid in advance on the first day
of each calendar month at such place as Xxxxxx.xxx may designate, without prior
demand therefor. If this Sublease does not commence or terminate on the first or
last day of a month, respectively, Base Rent for the month of commencement or
termination shall be prorated.
Base Rent shall be as follows:
PERIOD BASE RENT
03/01/97 - 12/31/97 $7,200.00 per month
01/01/98 - 02/28/98 $7,300.00 per month
03/01/98 - 04/30/98 $0.00 per month
05/01/98 - 12/31/98 $7,300.00 per month
4. ADDITIONAL RENT
Filson shall pay, as additional rent, within ten (10) days after
written demand therefor, all amounts, other than "Basic Monthly Rent" (as such
term is defined in the Master Sublease), that Xxxxxx.xxx becomes obligated to
pay to Master Sublessor under the terms of the Master Sublease, including, but
not limited to, amounts payable under Master Sublease paragraphs 4.2, 7.5, 9.5,
11.1, 12, 13.3 (but not with regard to this Sublease) and 14.7.
5. SECURITY DEPOSIT AND FIRST MONTH RENT
Filson shall pay Xxxxxx.xxx a security deposit (the "Security Deposit")
in the amount of $7,300.00, and first month rent in the amount of $7,200.00,
upon execution
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of this Sublease. The Security Deposit shall be handled and applied in
accordance with Section 5 of the Master Sublease, as incorporated into this
Sublease by Paragraph 14.2 hereof.
6. "AS-IS" CONDITION
Filson accepts the Premises in "As-Is" condition. In particular,
Xxxxxx.xxx makes no representations or warranties, express or implied, about the
character, construction, condition, zoning, permitting, tenantability or utility
of the Premises for Filson's intended use.
7. ACCESS TO PREMISES BY MASTER LANDLORD
Master Landlord, Pacific Northwest Warehouses, Inc. and its agents
shall have the right to enter the Premises for the purposes of showing the
Premises to prospective tenants anytime after January 1, 1998. Master Landlord
shall give Filson at least 24 hours advance notice before entering the Premises.
8. PERMITTED USE
Filson shall use the Premises for general office, storage,
manufacturing and distribution and for no other purpose without the prior
written consent of Master Landlord, Master Lessor and Xxxxxx.xxx.
9. UTILITIES
Utilities and services shall be provided to the Premises as set forth
in the Master Lease and the Master Sublease. Xxxxxx.xxx shall use reasonable
business efforts to cause Master Sublessor to perform its obligations under the
Master Sublease, but under no circumstances shall Xxxxxx.xxx be liable to Filson
for any delay, interruption, limitation, rationing or restriction on any
utilities or services supplied to the Premises. Filson shall pay all charges
with respect to utilities and services delivered to the Premises.
10. MAINTENANCE AND REPAIRS
Except for maintenance and repairs that the Master Lease or the Master
Sublease requires Master Landlord or Master Sublessor to perform, Filson shall
maintain the Premises in good order, condition and repair. Xxxxxx.xxx shall have
no duty to perform the repairs or maintenance required by Master Landlord or
Master Sublessor under the Master Lease or the Master Sublease, but Xxxxxx.xxx
shall use
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commercially reasonable efforts to cause Master Sublessor to perform its
maintenance and repair obligations under the Master Sublease.
11. ALTERATIONS
Filson may not make any additions, alterations or improvements to the
Subleased Premises without the prior written consent of Xxxxxx.xxx, Master
Sublessor and Master Landlord, which may each impose conditions on such work as
are reasonable, including any conditions on alterations that are described in
the Master Lease or the Master Sublease.
12. SUBLETTING AND ASSIGNMENT
Filson may not sublet the whole or any portion of the Premises, nor
assign this Sublease, without the prior written consent of Master Landlord,
Master Sublessor and Xxxxxx.xxx.
13. INSURANCE
Filson shall maintain insurance in the amounts and with the
characteristics specified in Paragraphs 9.2.1, 9.4 and 9.5 of the Master
Sublease, including upward adjustments in coverage as described in Paragraph 17
of the Master Sublease; Master Landlord and Master Sublessor represent that no
such upward adjustments in coverage have been made. Filson's insurance policies
shall name Master Landlord, Master Sublessor and Xxxxxx.xxx as additional
insureds.
14. MASTER LEASE AND MASTER SUBLEASE
14.1 SUBJECT TO MASTER LEASE AND MASTER SUBLEASE
This Sublease is subject and subordinate to the Master Lease and the
Master Sublease and is subordinate to all of Master Landlord's rights under the
Master Lease and Master Sublessor's rights under the Master Sublease. Any action
that the Master Sublease forbids Xxxxxx.xxx to do with respect to the Premises,
Filson shall not do with respect to the Premises. Any action that the Master
Sublease requires Xxxxxx.xxx to do with respect to the Premises, Filson shall do
with respect to the Premises. Filson shall not take any actions, or refrain from
any actions, that if done, or not done, as the case may be, would cause
Xxxxxx.xxx to be in default under the Master Sublease.
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14.2 INCORPORATION OF CERTAIN MASTER SUBLEASE PROVISIONS
The terms, covenants, provisions, and conditions set forth in Master
Sublease Paragraphs 5, 6.2, 7.2, 7.3, 7.4 (solely as to conditions that are
created during the term of this Sublease or during Filson's early occupancy),
7.5, 8.1, 8.2, 8.3, 9.6, 9.7, 9.8, 11.2, 14.1-14.8, 15.17, 15.18, 15.19, 15.20
and 15.23 are hereby incorporated into and made a part of the Sublease with full
force and effect, except that references in the Master Sublease to "Landlord"
shall be interpreted as references to "Xxxxxx.xxx," references in the Master
Sublease to "Tenant" shall be interpreted as references to "Filson" and
references in the Master Lease to "Lease" shall be interpreted as references to
"Sublease." Provided, however, (i) to the extent that there is any conflict
between the express terms of this Sublease and the terms of the Master Sublease
that are incorporated herein, the express terms of this Sublease shall control,
(ii) terms of the Master Sublease incorporated herein shall be disregarded to
the extent that they would impose upon Xxxxxx.xxx an obligation to perform any
action with respect to the Premises that the Master Lease or the Master Sublease
requires the Master Landlord or the Master Sublessor to perform with respect to
the Premises and (iii) where this Sublease requires Filson to obtain consent to
take an action, Filson must obtain the consent of Master Landlord, Master
Sublessor and Xxxxxx.xxx.
15. BROKERS
Kidder, Mathews, Inc. represented Xxxxxx.xxx and American Warehouse
Company represented Filson with respect to this Sublease. Xxxxxx.xxx agrees to
pay a commission to Kidder, Mathews, Inc. in the amount of $3,625.00 and to
American Warehouse in the amount of $3,625.00. Except for Kidder, Mathews, Inc.
and American Warehouse Company, Xxxxxx.xxx and Filson represent and warrant to
each other that neither dealt with any real estate broker, or is liable to any
real estate broker, with respect to this Sublease.
16. DAMAGE AND DESTRUCTION; CONDEMNATION
If any portion or all of the Premises is damaged by fire, earthquake,
act of God, the elements or other casualty, or is lawfully taken by condemnation
or in any other manner for any public or quasi-public purpose, and if Master
Landlord, Master Sublessor or Xxxxxx.xxx terminates the Master Lease or the
Master Sublease under the terms thereof, this Sublease shall terminate
therewith, and Xxxxxx.xxx shall not be liable to Filson for such early
termination of this Sublease. If after damage to or condemnation of the Premises
the Master Lease and the Master Sublease are not terminated, this Sublease shall
continue in full force or effect, provided that Base Rent
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for the Subleased shall be abated to the extent that and so long as Filson's
occupancy or use of the Premises is prohibited by such damage or condemnation.
17. XXXXXX.XXX REPRESENTATION REGARDING DEFAULTS
Xxxxxx.xxx represents and warrants that it has no actual knowledge of
any material defaults under the Master Sublease.
18. CONSENT
Where this Sublease conditions any action by Filson on obtaining
consent, Filson must obtain the consent of Master Landlord, Master Sublessor and
Xxxxxx.xxx. Xxxxxx.xxx shall not unreasonably withhold its consent to any
request for consent under this Sublease, and Xxxxxx.xxx shall use reasonable
business efforts to cause Master Landlord and Master Sublessor to grant their
consent to any such request. Filson recognizes and agrees that Master Landlord
and Master Sublessor may grant or withhold their consent to any such request in
accordance with the terms of the Master Lease and the Master Sublease.
19. NOTICE ADDRESSES
Notices under this Sublease shall be delivered in accordance with the
terms in Paragraph 15.23 of the Master Sublease, to the parties at the following
addresses:
Xxxxxx.xxx
Attn: Xxxxx Xxxxxxxxx
0000 Xxxxxx Xxxxxx
Xxxxxxx, XX 00000
X.X. Xxxxxx Company
x/x Xxxxxx Xxxxxxxxx, Xxx.
Xxxxxxx, Xxxxxxxxxx and Xxxxx
XX Xxxx Xxxxxx, Xxxxx 0000
0000 Xxxxx Xxxxxx
Xxxxxxx, XX 00000-0000
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20. CONTINGENT ON LANDLORD APPROVALS
This Sublease is contingent on obtaining the consent of Master Landlord
and Master Sublessor. This Sublease shall be of no force or effect unless and
until Master Landlord and Master Sublessor consent hereto.
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IN WITNESS WHEREOF, the parties have executed this agreement as of the
day and year first written above.
XXXXXX.XXX, INC., a Delaware corporation
By___________________________________________
Name:______________________________________
Title:_____________________________________
X.X. XXXXXX COMPANY, a Washington
corporation
By___________________________________________
Name:______________________________________
Title:_____________________________________
STATE OF WASHINGTON )
) ss.
COUNTY OF )
On this _____ day of _________________, 1997, before me, the
undersigned, a Notary Public in and for the State of Washington, duly
commissioned and sworn, personally appeared
______________________________________________, to me known to be the person who
signed as _______________________________ of XXXXXX.XXX, INC., the corporation
that executed the within and foregoing instrument, and acknowledged said
instrument to be the free and voluntary act and deed of said corporation for the
uses and purposes therein mentioned, and on oath stated that _______ was duly
elected, qualified and acting as said officer of the corporation, that _______
was authorized to execute said instrument and that the seal affixed, if any, is
the corporate seal of said corporation.
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IN WITNESS WHEREOF I have hereunto set my hand and official seal the
day and year first above written.
_____________________________________________
(Signature of Notary)
_____________________________________________
(Print or stamp name of Notary)
NOTARY PUBLIC in and for the State
of Washington, residing at _________________.
My appointment expires:_____________________.
STATE OF WASHINGTON )
) ss.
COUNTY OF )
On this _____ day of _________________, 1997, before me, the
undersigned, a Notary Public in and for the State of Washington, duly
commissioned and sworn, personally appeared
______________________________________________, to me known to be the person who
signed as _______________________________ of X.X. XXXXXX COMPANY, the
corporation that executed the within and foregoing instrument, and acknowledged
said instrument to be the free and voluntary act and deed of said corporation
for the uses and purposes therein mentioned, and on oath stated that _______ was
duly elected, qualified and acting as said officer of the corporation, that
_______ was authorized to execute said instrument and that the seal affixed, if
any, is the corporate seal of said corporation.
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IN WITNESS WHEREOF I have hereunto set my hand and official seal the
day and year first above written.
_____________________________________________
(Signature of Notary)
_____________________________________________
(Print or stamp name of Notary)
NOTARY PUBLIC in and for the State
of Washington, residing at _________________.
My appointment expires:_____________________.
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CONSENT TO SUBLEASE
PACIFIC NORTHWEST WAREHOUSES, INC.
The undersigned ("Master Landlord"), as lessor under the Master Lease,
hereby consents to all terms and conditions of the foregoing Sublease between
Xxxxxx.xxx, as sublessor, and Filson, as sublessee, as required by paragraph
15.1"a" of Addendum Number 1 to the Master Lease, including Filson's use of the
Premises as described in Paragraph 8 of the Sublease. In granting such consent,
Master Landlord does not waive any of its rights under the Master Lease, and in
particular, does not release Coast Wide Supply Company from responsibility for
performance of all of its obligations under the Master Lease.
Master Landlord agrees to deliver to Filson, at the address set forth
below, and concurrent with delivery of the original, a copy of any notice of
default(s) under the Master Lease that Master Landlord delivers to Coast Wide
Supply Company. Master Landlord shall recognize and accept from Filson any
tender of cure of such default(s) that Filson may make. Filson's address is:
X.X. Xxxxxx Company
x/x Xxxxxx Xxxxxxxxx, Xxx.
Xxxxxxx, Xxxxxxxxxx andWyatt
US Bank Center, Suite 3400
0000 Xxxxx Xxxxxx
Xxxxxxx, XX 00000-0000
DATED this _____ day of February, 1997.
Pacific Northwest Warehouses, Inc.
By___________________________________________
Name:______________________________________
Title:_____________________________________
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CONSENT TO SUBLEASE
COAST WIDE SUPPLY COMPANY
The undersigned ("Master Sublessor"), as sublessor under the Master
Sublease, hereby consents to the foregoing Sublease between Xxxxxx.xxx, as
sublessor, and Filson , as sublessee, including Filson's use of the Premises as
described in Paragraph 8 of the Sublease. In granting such consent, Master
Sublessor does not waive any of its rights under the Master Sublease, and in
particular, does not release Xxxxxx.xxx from responsibility for performance of
all of its obligations under the Master Sublease.
Master Sublessor agrees to deliver to Filson, at the address set forth
below, and concurrent with delivery of the original, a copy of any notice of
default(s) under the Master Sublease that Master Sublessor delivers to
Xxxxxx.xxx. Master Sublessor shall recognize and accept from Filson any tender
of cure of such default(s) that Filson may make. Filson's address is:
X.X. Xxxxxx Company
x/x Xxxxxx Xxxxxxxxx, Xxx.
Xxxxxxx, Xxxxxxxxxx andWyatt
US Bank Center, Suite 3400
0000 Xxxxx Xxxxxx
Xxxxxxx, XX 00000-0000
DATED this _____ day of February, 1997.
Coast Wide Supply Company
By___________________________________________
Name:______________________________________
Title:_____________________________________
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EXHIBIT A
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