Lease Amendment between M&T Partners, Inc. and Geerlings and Wade (November 29, 2000)

Summary

This agreement is an amendment to a lease between M&T Partners, Inc. (landlord) and Geerlings and Wade (tenant) for warehouse and office space in Kent, Washington. The amendment extends the lease for three years, from December 1, 2000, to November 30, 2003, and sets new monthly rent amounts for each year of the extension. The tenant is required to increase its security deposit to match the final year's rent. All other terms of the original lease remain unchanged.

EX-10.42 4 0004.txt LEASE AGREEMENT Exhibit 10.42 LEASE AMENDMENT DATED: November 29, 2000 BETWEEN: M&T PARTNERS, INC. LANDLORD a Delaware Corporation AND: GEERLINGS AND WADE TENANT A Massachusetts corporation By written Lease dated July 18, 1994, Tenant leased from Landlord approximately 5,000 square feet of warehouse and office space located in Building No. 5, Pacific Business Park, 7012 South 220th Street, Kent Washington 98032 (hereinafter referred to as "the Premises"). Effective April 1, 1997, the Landlord Pacific Realty Associates, L.P., transferred ownership of the Property to PBP-N, Inc. By Lease Amendment, dated October 9, 1997, the Lease term was extended. Effective November 24, 1999, the Landlord PBP-N, Inc. merged into M&T Partners, Inc. The Lease expires November 30, 2000. Tenant now wishes to extend the term of the Lease. NOW, THEREFORE, the parties agree as follows: 1. The Lease shall be extended for an additional 36 months commencing December 1, 2000 and continuing through November 30, 2003. 2. The base rent shall increase to $2,210.00 per month for the period December 1, 2000 through November 30, 2001. Effective December 1, 2001 through November 30, 2002 the base rent shall increase to $2,320.00 per month. Effective December 1, 2002 through November 30, 2003 the base rent shall increase to $2,412.00 per month. 3. Tenant has deposited $2,060.00 with Landlord under the terms of the Lease. Tenant shall now deposit with Landlord an additional $352.00, bringing its total security deposit to $2,412.00. 4. Except as expressly modified hereby, all terms of the Lease shall remain in full force and effect and shall continue through the extended term. IN WITNESS WHEREOF, the parties have executed this agreement as of the day and year first written above. M & T PARTNERS, INC. GEERLINGS AND WADE a Delaware Corporation a Massachusetts corporation By /s/ Leon M. Hartvickson By /s/ David R. Pearce ----------------------- ------------------- Leon M. Hartvickson David R. Pearce ------------------- --------------- Vice President President -------------- --------- (Acknowledgment by Individual) STATE OF MASSACHUSETTS ) ) ss County of NORFOLK ) On this 4th day of December, 2000, before me, personally appeared David Pearce to me known to be the individual described in and who executed the foregoing instrument, and acknowledged to me that he signed the said instrument as his free and voluntary act and deed for the uses and purposes therein mentioned. /s/ Iveta Estrella ------------------ Notary Public for ----------------------------- My Commission Expires: 6/21/07 ------- (Acknowledged by M&T Partners, Inc.) STATE OF OREGON ) ) ss County of WASHINGTON ) On this 21st day of December, 2000 before, me personally appeared Leon M. Hartvickson, who, being first duly sworn, did say that he is the Vice President of M&T Partners, Inc. WITNESS my hand and official seal /s/ Cindy A. Carden --------------------------------------- Notary Public for the State of Oregon ------------------- My Commission Expires: 5/25/04 ----------------