EXHIBIT 10(lll)
LEASE ADDENDUM B
This Lease Addendum B is made effective on ____________________, 2006,
by and between DAHA INVESTMENTS, as Lessor, and NORTH VALLEY BANK, as Lessee.
A. Recitals. This Addendum is made with reference to the following
facts and objectives.
a) Lessor and Lessee entered into a written Standard
Industrial/Commercial Multi-Tenant Lease on December 1, 2003 (the
"Lease") in which Lessor leased 1570 square feet of space in a
commercial building of approximately 102,000 square feet located in the
City of Xxxxxxx, County of Shasta, California (the "Premises").
b) Lessor and Lessee entered into Lease Addendum One dated
December 12, 2003.
c) Lessor and Lessee entered into Lease Addendum A dated November
11, 2004.
Lessor and Lessee agree as follows:
1. Extension of Term. The term of the Lease shall be extended for
an additional seven (7) years, from and after December 2, 2008, so that the term
of the Lease shall extend to and include December 2, 2015.
2. Rent Increase. The base monthly rent as of April 1, 2006, will
be $4,300.00, subject to a 3% annual adjustment.
3. Extended Term. Paragraph 9 of Lease Addendum One shall remain
in effect such that at the conclusion of the extension of the term, being
December 2, 2015, the Lessee shall have the option to extend the Lease term for
two (2) additional, consecutive five (5) year
Page 1 of 2
terms to be exercised pursuant to the terms of the Lease and, specifically, the
Lease Addendum One, paragraph 9.
4. Effectiveness of Lease. Except as set forth in this Addendum
and to the extent not otherwise amended hereby, Lease Addendum One and Lease
Addendum A, all provisions of the Lease and Lease Addenda remain unchanged and
in full force and effect.
5. Conflict of Terms. In the event of any conflict between the
provisions of the Lease, Lease Addendum One, Lease Addendum A, and this Addendum
B, the provisions of this Lease Addendum B shall prevail.
LESSOR:
DAHA INVESTMENTS
By: [illegible]
-----------------------------------
Name: [illegible]
-----------------------------------
Its: Owner
-----------------------------------
Address: 000 Xxxxxxx Xxxxxx
Xxx Xxxxx, XX 00000
LESSEE:
By: /s/ XXXXX XXXXX
-----------------------------------
Xxxxx Xxxxx
EVP/Chief Operating Officer
Address: 000 Xxxx Xxxxxx Xxxxx
X.X. Xxx 000000
Xxxxxxx, XX (96001) 96099-4630
Page 2 of 2
