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EXHIBIT 10.23
AMENDMENT TO LEASE AGREEMENT
THIS AMENDMENT TO LEASE dated, for references purposes only, this 14th
day of January 1997, between WATT HEADQUARTERS LIMITED PARTNERSHIP, a
California limited partnership, (hereinafter referred to as "LESSOR"), and
Intervisual Books, Inc., a California corporation (hereinafter referred to as
"LESSEE"), with reference to the following facts and objectives:
WHEREAS, Lessor and Lessee have heretofore entered into that certain
Lease dated August 8, 1996 (the "LEASE") for premises commonly known as 0000
Xxxxx Xxxx Xxxxxxxxx, Xxxxx 0000, Xxxxx Xxxxxx, XX 00000.
WHEREAS, Lessor and Lessee have agreed to amend said Lease as
hereinafter set forth.
NOW, THEREFORE, in consideration of the terms, covenants and conditions
as set forth in the Lease and in this Agreement, the Lease agreement shall be
amended as follows:
1. 1.2 PREMISES Effective February 1, 1997, the premises square
footage shall be increased from 11,215 rentable square feet and
10,013 usable square feet to 11,551 rentable square feet and
10,313 usable square feet.
2. Exhibit "A" is hereby replaced with Exhibit "A-1".
3. PARAGRAPH 1.6 BASE RENT Effective February 1, 1997, Lessee's
minimum monthly rent shall be increased from $17,383.25 per
month to $17,551.25 per month.
4. PARAGRAPHS 1.7 AND 4.3 BASE RENT INCREASES Effective August 1,
1999, Lessee's minimum base rent shall be increased from
$17,551.25 to $18,456.85 per month.
THIS AMENDMENT TO LEASE AGREEMENT shall be under the same terms and
conditions as set forth in the Lease, except as specifically mentioned herein,
and shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed the Amendment to
Lease Agreement on the date referenced below.
"LESSOR" "LESSEE"
WATT HEADQUARTERS LIMITED PARTNERSHIP, INTERVISUAL BOOKS, INC.,
a California limited partnership a California corporation
BY: WATT FAMILY PROPERTIES, INC.,
a California corporation
its general partner
By: /s/ Xxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxx
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Xxxx X. Xxxxxx, Vice President Xxxxx X. Xxxx, Chairman
Date: 1-27 , 1997 Date: January 02, 1997
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