EXHIBIT 10.3
FIRST AMENDMENT TO LEASE
This First Amendment to Lease is made and entered into this 30th day of
September, 1997, by and between Xxxx X. Xxxxxx, and Xxxxx X. Card and
Xxxxxxx Xxxxxx Card, as Trustees in the Card Trust U/D/T October 6, 1994, on the
one hand and Wholesome & Hearty Foods, Inc. ("WHFI"), on the other.
RECITALS
A. On or about January 1, 1993, Xxxxx X. Card and WHFI entered into a
certain lease agreement (the "Lease") pursuant to which Xxxxx X. Card agreed to
lease to WHFI certain real property in the City of Portland, Oregon, described
as follows: Xxxx 0 xxx 0, Xxxxx 000, XXXXXXXXX XXXX, Xxxxxxxxx Xxxxxx, Xxxxxx
(the "Premises"), having a street address of 0000 X.X. 0xx Xxxxxx, Xxxxxxxx,
Xxxxxx. A copy of the Lease is attached hereto and marked Exhibit A.
B. The Premises are currently owned by Xxxx X. Xxxxxx, as to an undivided
one-half interest, and Xxxxx X. Card and Xxxxxxx Xxxxxx Card, as Trustees in the
Card Trust U/D/T October 6, 1994, as to an undivided one-half interest.
C. The term of the Lease expires at midnight on December 31, 1997.
D. The parties hereto desire to amend the Lease to, among other things,
extend its term past December 31, 1997, make the Lease a month-to-month lease
effective January 1, 1998, and increase the monthly rent payment from $1,700 to
2,200.
AMENDMENT
Now, therefore, in consideration for the mutual covenants contained herein,
the parties hereto agree to amend the Lease as follows:
1. IDENTITY OF LESSOR. The Lessor under the Lease is Xxxx X. Xxxxxx, and
Xxxxx X. Card and Xxxxxxx Xxxxxx Card, Trustees in the Card Trust U/D/T October
6, 1994.
2. EXTENSION OF TERM. The term of the Lease will not expire on December 31,
1997, and is hereby extended as set forth below.
3. MONTH-TO-MONTH LEASE. Beginning January 1, 1998, the Lease will become a
month-to-month lease. Either Lessor or Lessee may terminate the Lease by giving
the other party not less than 30 days' notice in writing prior to the date
designated in the notice for termination.
4. RENT. Beginning with the rent due for January 1998, Lessee shall pay
Lessor a rental of $2,200 per month.
5. NOTICES. Notices under the Lease shall be given to Lessor and Lessee at
Suite 400, 1411 X.X. Xxxxxxxx, Xxxxxxxx, Xxxxxx 00000.
6. NO OTHER MODIFICATION TO LEASE. No other modification to the Lease is
made or intended to be made hereby. All terms, conditions, and covenants of the
Lease, to the extent not inconsistent with the foregoing amendments, shall
remain in full force and effect.
LESSOR:
/s Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
/s/ Xxxxx X. Card, Trustee
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Xxxxx X. Card, as Trustee in the Card Trust
U/D/T October 6, 1994
/s/ Xxxxxxx Xxxxxx Card, Trustee
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Xxxxxxx Xxxxxx Card, as Trustee in the Card
Trust U/D/T October 6, 1994
LESSEE: WHOLESOME & HEARTY FOODS, INC.
By /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
Chief Financial Officer/Executive Vice
President