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Lease Agreement

 

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Title:

Lease Agreement

Entities:

Sportsman’s Guide Inc.

Date:

2005

Size:

Preview shows 4KB of 68KB total

Price:

$51

ID:

#1122494

 

 

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                                 LEASE AGREEMENT


THIS LEASE is made and entered into for identification purposes on the 19th day
of November, 1999, by and between STEPHEN L. CLARK, as trustee of the Steve
Clark Trust, created pursuant to a Trust Agreement dated October 4, 1996,
executed by Stephen L. Clark, as grantor, and Stephen L. Clark, as trustee
(hereinafter called the "LESSOR") and THE GOLF WAREHOUSE, L.L.C., a Delaware
limited liability company (hereinafter called the "LESSEE").

LEASED PREMISES:

In consideration of the obligation of LESSEE to pay rent as herein provided and
in consideration of the other terms, covenants and conditions hereof, LESSOR
hereby demises and leases to LESSEE, and LESSEE hereby takes from LESSOR, those
certain premises, now or hereafter to be erected within the City of Wichita,
County of Sedgwick, State of Kansas, and being a part of that certain portion of
warehouse building located at 8833 E. 34th Street (hereinafter referred to as
the "WAREHOUSE"), more particularly described in the legal description attached
hereto as EXHIBIT "A", which premises have a common street address of 8851 E.
34th Street, Wichita, Kansas, and consist of a space containing approximately
45,330 square feet of floor area (including 9,600 square feet of mezzanine
space) (hereinafter called the "LEASED PREMISES"). The approximate dimensions of
the Leased Premises are as follows:

<TABLE>
<S> <C>
WIDTH OR FRONT: Approximately 200 feet measured, as applicable, from the
outside of each exterior wall of the Warehouse, which is also
a wall of the Leased Premises or, in the case of those
interior walls separating the Leased Premises from other
tenant spaces in the Warehouse, from the center line of such
interior walls.

DEPTH: Approximately 180 feet measured from the outside of the front
to the outside of the rear wall of the Leased Premises.
</TABLE>

The boundaries and location of the Leased Premises are outlined in red on the
site plan of the Warehouse that is attached hereto as Exhibit "B" and made a
part hereof.

1. LEASE TERM: LESSOR hereby demises, lets, and leases unto LESSEE the
above-described real property, together with the improvements located
thereon, and all appurtenances thereto appertaining, for a term of five (5)
years (the "ORIGINAL TERM") beginning on the earlier of: (i) the day Lessee
has substantially completed the "Lessee Improvements" (hereafter defined)
and Lessor has substantially completed "Lessor Improvements" (hereafter
defined); (ii) June 1, 2000; or (iii) the day Lessee opens for business
from the Leased Premises (herein the "COMMENCEMENT DATE"), and shall expire
on the day five (5) years after the Commencement Date. Annual base rent
shall be payable in equal monthly installments, commencing on the
Commencement Date and continuing on the same day of each month thereafter
during the term of this Lease. Provided LESSEE is not in default under the
terms of this lease, and upon written notice provided to LESSOR 180 days
prior to expiration of the Original Term, LESSEE shall have the right to
extend the term of this lease for an additional five (5) years commencing

 

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