Exhibit (10) (g)
ADDENDUM TO LEASE DATED SEPTEMBER 8, ▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & ASSOCIATES AS LANDLORD,
AND CLAIRE'S STORES, INC. AS TENANT
WHEREAS, Landlord and Tenant entered into an
office lease agreement (the "Lease") on September 8,
1989 for approximately 30,070 square feet on the
second, third and fourth floors of the building known
as Claire's Corporate Plaza (the "Building") located at
▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇; and
WHEREAS, the Lease was amended by an Amendment to
office Lease Agreement dated July, 1990 ("Lease
Amendment"); and
WHEREAS, Tenant wishes to lease an additional 500
(more or less) square feet of space on the second floor
of the Building;
NOW, THEREFORE, the parties hereby agree as
follows:
1. All terms used herein shall have the same
meaning as identical terms in the Lease and Lease
Amendment.
2. Additional Premises. Landlord does hereby
lease, demise and let to Tenant and Tenant does hereby
lease, demise and let from landlord those certain
additional premises (the "Additional Premises")
comprising approximately 500 feet on the second floor
of the Building more particularly described as Suite
#205 of the building.
3. Term. This Lease shall be co-terminus with
the lease dated September 8, 1989 between Tenant and
Landlord, unless sooner terminated or extended as
provided in the Lease and Lease Amendment.
4. Option to Renew. Provided that Tenant has not
been in default of any of the terms, conditions or
provisions of the Lease, the LeaseAmendment, or this
Addendum to lease at any time during the Additional
lease Term, then Tenant shall have the option, but only
if exercised in writing by January 31, 2000, to renew
this Additional Lease Term for an additional five (5)
years upon all of the terms, conditions, provisions and
covenants set forth in this Addendum to Lease and in
the Lease and Lease Amendment. In the event of exercise
of the option to renew, in addition to the "Adjustment
Month" set forth in paragraph 7 of this Addendum to
Lease, the Monthly Base Rent shall also be adjusted in
the month of August in the following years: 2000, 2001,
2002, 2003 and 2004.
5. Base Rent. The Annual Base Rent during the
Additional lease Term shall be increased by $8,466.09
per year so that the same shall be $517,616.64 per year
(payable in equal monthly installments of $43,134.72
per month).
6. Additional Rent. Tenant's Proportionate Share
of operating expenses and taxes shall be increased
during the Additional Lease Term from 63.72% to 64.78%.
7. Cost of Living Increase. With respect to the
cost of living increase, the Base Index shall be deed
the Price Index as of October 1, 1990. The Adjustment
Month shall remain the month of November in each of the
following years: 1991, 1992, 1993, 1994, 1995, 1996,
1997, 1998 and 1999.
8. Construction of Tenant Improvements. Tenant
shall be fully responsible for the construction and
cost of its own Tenant Improvements ("Tenant's work").
Except as set forth herein to the contrary, all of
the terms and provisions of the Lease and the Lease
Amendment shall remain in full force and effect
according to their terms, which terms and conditions
are incorporated herein.
WITNESSES:
LANDLORD: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ &
Associates, A
Florida general
partnership by its
general partners.
Scharol, Inc.
by:
▇▇▇ ▇▇▇▇▇▇, Secretary/Treasurer
Dated: 1/30/97
Sharsea, Inc.
by:
//'▇▇▇ ▇▇▇▇▇▇, Secretary/Treasurer
Dated: 1/30/97
TENANT: Claire's Stores, Inc.
by:
▇▇▇▇▇▇ ▇▇▇▇▇, Vice President/Finance
Dated: 1/31/97
