Letter of Intent and Lease Extension Agreement between Cost Plus, Inc. and Port of Stockton (December 2004)
Cost Plus, Inc. and the Port of Stockton agreed to extend Cost Plus's existing lease through December 31, 2009. Cost Plus has the option, as of December 1, 2007, to either give 90 days' notice to terminate the lease or convert it to a month-to-month agreement. The agreement was confirmed through letters exchanged in December 2004 and requires both parties' acceptance of the amended terms.
Exhibit 10.2.1
Cost Plus, Inc.
200 Fourth Street
Oakland, California 94607
tel ###-###-####
fax ###-###-####
www.costplusworldmarket.com
Friday, December 03, 2004
Mr. Jeff Kaspar
Deputy Port Director
2201 W. Washington Street
P.O. Box 2094
Stockton, CA 95201
| Re: | Letter of Intent |
Dear Jeff:
It was good to meet with you and discuss our mutual long term strategies. Per our agreement, this letter serves as a Letter of Intent on behalf of Cost Plus, Inc.
Cost Plus would like to revise our existing lease to extend for five years through November 2009 with a thirty-six (36) month (November 2007) option to give 90 day notice to terminate the lease or alternatively Cost Plus will have the option in November 2007 to convert the lease to a month to month.
Please contact myself or Steve Knight with any questions you may have.
Regards,
| Accepted: | ||||
| /s/ Judy Soares | /s/ Richard Aschieris | |||
| Judy Soares | Richard Aschieris, Port Director | |||
| Cc: | Steve Knight |
| John Luttrell |
PORT OF STOCKTON
| Phone: (209) 946-0246 |  | Fax: (209) 465-7244 |
December 9, 2004
Ms. Judy Soares
Cost Plus, Inc.
200 Fourth Street
Oakland, California 94607
| Re: | Letter of Intent, Cost Plus Lease Extension |
Dear Ms. Soares:
The Port of Stockton is in receipt of your December 3, 2004 letter of intent to extent your lease. The Port is in agreement with your terms with the following exception:
The Port would like to ensure that the term will extend through December 31, 2009 as opposed to November 2009. Cost Plus will have an option to give 90 day notice to terminate the lease, or convert the lease to a month-to-month agreement on December 1, 2007.
If you are in agreement with this amendment, please sign and return one copy of this letter. Your lease will be amended as stated. We appreciate your business and look forward to continuing our partnership for many years to come.
| Sincerely, | Accepted, | |||
| /s/ Jeff Kaspar | /s/ John Luttrell | |||
| Jeff Kaspar Deputy Port Director Properties and Environmental | John Luttrell, CFO | |||
Post Office Box 2069 • Stockton, CA • _______ • E-mail: ***@***
Administration Office: 2201 West Washington Street • Stockton, CA • 95203 • Web Page: www.portofstockton.com
