Exhibit 10.03a
SECOND ADDENDUM TO LEASE
This Second Addendum to Lease by and between
TCLW/Fullerton, a
California general partnership ("Landlord") and Nelco
Products,
Inc. , a Delaware corporation ("Tenant") shall amend
that certain
Lease Agreement dated August 16, 1983 and shall amend
the First
Addendum to Lease known as Exhibit "C" dated August 16,
1983 by
and between Landlord and Tenant relating to certain real
property
located in Orange County, California, as follows:
For purposes of this Addendum the existing leased
premises at 0000
X. Xxxxxxxxxxxx Xxxxxx shall be called "1411" and the
additional
leased premises at 0000 X. Xxxxxxxxxxxx Xxxxxx shall be
called
111421".
55. Demised Premises. Commencing January 1, 1987 Tenant
shall
increase its current space of 36,462 square feet
"1411" to
include the adjacent space of 21,240 square feet
"142111, as
further outlined in Exhibit "D" attached.
56. Extension of 0000 X. Xxxxxxxxxxxx Xxxxxx Lease. In
consideration for the terms and conditions of the
leasing
of "1421", tenant shall execute the attached
Exhibit "E" thereby
exercising its option to extend the existing lease
at 0000
X.Xxxxxxxxxxxx Xxxxxx.
57. Lease Term. The lease term with respect to "1421"
shall be
for six (6) years and nine (9) months commencing on
January
1, 1987 and ending on September 30, 1993.
58. Rent Schedule. The rent with respect to "1421"
shall be on
a net basis and structured as follows:
January 1, 1987 - $6,372.00 per month.
September 30, 1988:
October 1, 1988 - The rent on October 1,
1988 shall
September 30, 1993: be adjusted upwards in
accordance
with the percentage
increases
that occur in the
Consumer Price
Index from the December
1, 1986
commencement date, with
a ceiling
factor, as further
outlined in
Paragraph 50 of Exhibit
The adjusted rent shall
remain
constant for the
following thirty
(30) month period and
on April
1, 1991 be adjusted
once more
in accordance with the
adjustment
formula outlined in
Paragraph
50 of Exhibit "C".
59. Option to Extend. While this Lease is in full force
and effect
and provided that Tenant is not in default of any
of the terms,
covenants, and conditions thereof, Tenant shall
have the option
to extend the term of the "1421" lease for two
further terms
of sixty (60) months. Such extension(s) of the
"1421" lease
term shall be on the same terms, covenants, and
conditions
as those provided for in the "1411" lease except
that the rent shall be equal to the rent being
paid on the "1411" leased premises. Addition
ally, the provisions outlined in subparagraph b, c, d
and e of
paragraph 51 shall apply.
60. Tenant's Proportionate Share. Tenant's
Proportionate Share
as referenced in Paragraph 4 & 5 of the lease shall
be increased
to 60.93%: (Total building area = 94,702 square
feet; leased
premises "1421" and "1411" equal 57,702 square
feet).
61. Tenant Improvements. Tenant shall be leasing the
premises
at "1421" in an "as is" condition with the
following exceptions:
1. Landlord shall provide an opening in the
demizing wall
separating "1411" from "1421".
2. Landlord shall provide a two-inch water line in
a manner
which does not substantially exceed the cost
for that
previously installed in "1421".
The lease term shall commence and all Tenant's
obligations
under this lease, including payment of rent,
shall commence
on January 1, 1987, regardless of the status
of the above
work to be performed by Landlord. Landlord
agrees to
diligently pursue and complete such work.
62. Prior Claims. Tenant hereby waives any pending
claims on
Landlord as of the date of this Second Addendum.
63. Landlord shall designate, with no obligation to
enforce,
thirty-five (35) parking spaces with respect to
"1421' for
Tenant's exclusive use, in that portion of the
common area
that is marked in yellow on Exhibit A of the
original lease.
All other terms and conditions of the lease shall remain
in full
force and effect for the leased premises at "1421".
LANDLORD:
TCLW/FULLERTON,
a California general partnership
By:
Its:General Partner
TENANT:
NELCO PRODUCTS, INC.,
a Delaware corporation
By: /s/ E.Xxxxxx Xxxxx
Its: President
EXHIBIT "E"
This Extension Agreement is to be attached to and form a
part of
the lease (which together with any amendments,
modifications and
extensions thereof is hereinafter called the Lease),
made the 16th
day of August, 1983, by and between TCLW/Fullerton, a
California
general partnership ("Landlord") and Nelco Products,
Inc., a Delaware
corporation ("Tenant") covering the premises known as
0000 X.
Xxxxxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxx.
The Lease is hereby renewed and extended for a further
term of
sixty (60) months to commence on the 1st day of October,
1988,
and to end on the 30th day of September, 1993, on
condition that
Landlord and Tenant comply with all the provisions of
the covenants
and agreements contained in the Lease.
The parties hereto have signed this extension agreement
this 26th
day of January, 1987.
LANDLORD:
TCLW/FULLERTON,
California general partnership
By:__________________________
Its: General Partner
By: /s/E.Xxxxxx Xxxxx
Its: President
[exhibits-02-10.03a]bd
