Exhibit 10.2
FIRST AMENDMENT TO LEASE
This Amendment to Lease is made by and between Uenaka Family Partnership, a
California general partnership ("Lessor") and KAL Equity Group, Ltd., a Nevada
corporation ("Lessee") on the 16th day of October 2001.
WHEREAS, Lessee entered into a lease (the "Lease") for office space dated March
19, 2001 for that certain office space commonly known as Xxxxx 000, 00 Xxxxx
Xxxxxx, Xxx Xxxxx, Xxxxxxxxxx 00000; and
WHEREAS, Lessee and Lessor wish to amend the Lease effective as of November 19
2001; and
WHEREAS, all provisions of the original Lease are hereby confirmed as stated,
except as specifically modified in the numbered paragraphs below.
NOW, THEREFORE, Lessee and Lessor agree to the following provisions of this
First Amendment:
1) Premises: On the effective date noted above, Lessor shall allow Lessee to
expand into the 1,057 rentable square feet noted on Exhibit A on the ground
floor of the building. Hereafter, the 1,057 rentable square feet shall be
referred to as the Suite 120 Expansion Premises. The total square footage
under lease from Lessor at 00 Xxxxx Xxxxxx will now be 3,135 square feet
(1,057 square feet of expansion space and 2,078 of existing space).
2) Term: The term for the existin space (herafter referred as Suite 200
Premises) is hereby modified to extend through November 18 2006. The
tenancy for the Suite 120 Expansion Premises shall commence on November 19,
2001 and will terminate with the Suite 200 Premises on November ,15; 2006.
I `,s
3) Rent: The Base Rent for the Suite 120 Expansion Premises shall be $3.75 per
square foot or $3,963.75 per month. The first month's rent will be
pro-rated with subsequent payments due on the first of each month. The Base
Rent for the Suite 200 Existing Premises remains at $5.00 per square foot
or $10,390 per month through December 31, 2001. Beginning, January 1, 2002,
the Base Rent for the Suite 200 Existing Premises will become $3.75 per
square foot. As of January 1, 2002, the Base Rent for the Suite 200
Existing Premises and the Suite 120 Expansion Premises (hereafter referred
to as the Premises) will be $11,756.25 per month.
4) Rent Escalation: Lessee agrees to pay to Lessor, as additional Base Rent,
an amount representing the Base Rent escalation determined under this
paragraph. Beginning with November X, 2002, the Base Rent for the Premises
shall be increased annually by four percent.
5) Tenant improvements: Lessee accepts the Suite 120 Expansion Premises as-is,
except for the following improvements to be made by Lessor at Lessor's sole
cost and expense prior to November 16, 2001: a) Interior paint: Lessor
shall repair the walls and paint Suite 120 in its building standard
off-white color. b) Carpet replacement: Lessor shall replace all carpeting
throughout the Premises at Lessor's sole cost and expense with building
standard grade carpeting of a color mutually agreeable between Lessor and
Lessee. The tile flooring in the supply/service room shall be retained.
6) Security Deposit: Lessee's security deposit is hereby confirmed to be
$10,500.
7) Amendment Execution: This First Amendment to Lease is to be signed within 7
days of receipt by the Lessee.
The captions or headings of the above paragraphs are meant for convenience only
and are otherwise not part of the Lease as amended. The portions of the
paragraphs of similar names in the Lease not modified by this First Amendment
are specifically retained by the parties.
The Lease as modified by this First Amendment is the entire agreement between
the parties. All other discussions and negotiations are superseded by the Lease
as modified by this First Amendment.
IN WITNESS WHEREOF, the parties to this First Amendment have executed this First
Amendment as of the dates indicated below.
LESSEE:
KAL Equity Group, Ltd.
/s/ Xxx A, Xxxx 10/18/01
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Xxx A, Xxxx, President (dated)
LESSOR:
Uenaka Family Partnership
/s/ [ILLEGIBLE] 10/18/01
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Its Uenaka, General Partner (dated)
PORTFOLIO REALTY MANAGEMENT, INC.
408/255-2278
STANDARD OFFICE LEASE
FLOOR PLAN
[GRAPHIC OMITTED]
00 Xxxxx Xxxxxx Xxxxxxxx
Xxx Xxxxx, Xxxxxxxxxx
Suite 120, First Floor
(not to scale)
[GRAPHIC OMITTED]
EXHIBIT A
