EXHIBIT 10.14(a)
FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT to Lease ("Amendment") is dated for reference
purposes April 26, 2002 and is entered into by and between PROLOGIS
CALIFORNIA I LLC ("Lessor"), and SKECHERS USA, INC. ("Lessee").
RECITALS
WHEREAS Lessor and Lessee executed that certain lease (the "Lease") dated
December 1, 1997 whereby Lessor leased to Lessee those certain Premises
comprised of approximately 127,799 square feet commonly known as Ontario
Distribution Center #4, 0000 X. Xxxxxxx Xxxxxx, Xxxxxxx XX 00000 (the
"Premises"), and capitalized terms used and not otherwise defined herein shall
have the meanings given those terms in the Original Lease.
WHEREAS Lessee and Lessor desire to amend the Lease pursuant to this First
Amendment to Lease.
NOW, THEREFORE, for valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties agree to amend the Lease as follows:
1. Term: Pursuant to Section 3 of the Original Lease, the Term shall be
extended for five (5) years commencing on December 1, 2002 and ending
on November 30, 2007.
2. Base Rent: Pursuant to Section 4 of the Original Lease, the new Base
Rent shall be in accordance with the following schedule:
Period Monthly Base Rent
Months 1 - 60 $37,701
3. Option to Extend: Lessee shall have one (1) five (5) year Option to
Extend the Lease pursuant to the same terms and conditions as the
Second Option outlined in Paragraph 39.4 of the Original Lease.
4. Tenant Improvements: Lessor, at Lessor's sole cost and expense, shall
perform the following improvements which shall commence at execution
of the First Amendment to Lease: a) replace carpet in the north office
pod with comparable carpet to the south office pod; b) seal coat the
parking lot; c) re-stripe the parking lot and truck court; d) service
the windows and repair any leaks; and e) HVAC units are currently in
good condition, however, should any of the units need to be replaced
during the Term, Lessor shall amortize the cost over the useful life
and Lessee shall pay the prorated amount for as long as they occupy
the building.
5. Other Terms & Conditions: Except as expressly amended by this First
Amendment to Lease, all other terms and conditions of the Lease shall
remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have signed this FIRST Amendment
to Lease as of the day and year first above written.
LESSOR LESSEE
PROLOGIS CALIFORNIA I LLC SKECHERS USA, INC.
BY PROLOGIS TRUST, ITS MANAGING MEMBER
By /S/ Xxx X. Xxxxxxxx By X. Xxxxxxxx
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Name: Xxx X. Xxxxxxxx Name: /s/ X. Xxxxxxxx
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Title: Managing Director Title: CFO
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Date: 4/25/02 Date: 4-18-02
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