Amendment No. 1 to March 23, 1999 Lease Agreement between Spieker Properties, L.P. and EarlyChildhood.com, L.L.C.

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Summary

This amendment updates the original lease agreement between Spieker Properties, L.P. (landlord) and EarlyChildhood.com, L.L.C. (tenant) for Suite 200 at 2 Lower Ragsdale Drive, Monterey, California. It clarifies the premises size, sets the security deposit at $31,957 (with $3,000 allocated for break-room repairs at lease end), and makes the tenant solely responsible for maintaining and repairing all appliances. All other terms of the original lease remain unchanged.

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EX-10.20 15 dex1020.txt AMENDMENT NO. 1 TO MARCH 23, 1999 LEASE AGMT Exhibit 10.20 ------------- AMENDMENT NUMBER ONE TO THAT LEASE AGREEMENT DATED MARCH 23, 1999 BETWEEN SPIEKER PROPERTIES, L.P., A CALIFORNIA LIMITED PARTNERSHIP, AS LANDLORD, AND EARYCHILDHOOD.COM, L.L.C., A CALIFORNIA LIMITED LIABILITY COMPANY, AS TENANT, FOR PREMISES LOCATED AT 2 LOWER RAGSDALE DRIVE, SUITE 200, MONTEREY, CALIFORNIA. The above described Lease Agreement will be amended as follows: Basic Lease Information: 1. Paragraph 1, Premises: Suite 200. Approximately 17,322 rentable square feet. 2. Paragraph 19, Security Deposit: $31,957.00. Tenant agrees that $3,000.00 of the security deposit will be used to replace the cabinets, VCT flooring, and paint in the break-room of the above referenced premises upon lease termination. Additional Provisions: 1. Paragraph 39D: Repair, maintenance and replacement of all appliances, including but not limited to refrigerators, dishwasher, hot water heater, Insta Hot, faucets, hot and cold water supply lines serving appliances, P- traps and disposals, shall be the sole responsibility of Tenant. All other terms and conditions of the Lease Agreement shall remain in full force and effect. LANDLORD: Spieker Properties, L.P., a California limited partnership By: Spieker Properties, Inc., a Maryland Corporation Its: General Partner By: /s/ Joseph D. Russell, Jr. Date: 6/11/99 --------------------------------- ------------- Joseph D. Russell, Jr., Regional Senior Vice President TENANT: EarlyChildhood.com, L.L.C. a California limited liability company By: /s/ Ron Elliott Date: 6/10/99 --------------------------------- ------------- Ron Elliott, President