Exhibit 10.10.1
ADDENDUM TO THAT CERTAIN LEASE BY AND BETWEEN
XXXX X. XXXXXXXXX AND XXXX X. XXX XXXXXXXXXXX
("LANDLORD") AND WEST MARINE PRODUCTS, A CORPORATION ("TENANT")
This Addendum shall modify and, to the extent inconsistent with, amend
that certain real estate lease between XXXX X. XXXXXXXXX and XXXX X. XXX
XXXXXXXXXXX (collectively "Landlord") and WEST MARINE PRODUCTS, INC., (the
"Tenant"). Except as expressly set forth in the Addendum, all capitalized terms
shall have the meanings assigned to them in the preprinted lease and the
previous Addendum and Riders. The preprinted lease, previous addendum and riders
shall be referred to as the "Lease."
The following section is hereby amended to read as follows:
Section 1.12: Rent and Other Charges Payable By Tenant.
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(a) Base Rent. The initial monthly base rent ("Base Rent") per square
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foot (measured outside wall to outside wall) shall be calculated at (i)
Twenty-Six and 9/10 Cents ($0.269) per square foot for months one and two (1 and
2) of the Lease Term; (ii) Twenty-Nine and 9/10 Cents ($0.299) per square foot
for months three through sixty (3-60) of the Lease Term; and then (iii)
Thirty-Two and 9/10 Cents ($0.329) per square foot per month for months
Sixty-One through month One Hundred and Eighty (61-180); and shall be paid
monthly as provided in Section 3.01. As additional Base Rent, Tenant will make a
lump sum payment to Landlord of Two Hundred and Forty Thousand and no/100
($240,000) Dollars no later than August 1, 1996.
LANDLORD:
By: /s/ Xxxx Xxxxxxxxx 6/3/96
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Xxxx X. Xxxxxxxxx Date
By: /s/ Xxxx X. Xxx Xxxxxxxxxxx
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Xxxx X. Xxx Xxxxxxxxxxx Date
TENANT:
By: /s/ Xxxx X. Xxxx
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Xxxx X. Xxxx Date
CFO
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx Date
Director of Real Estate
