exv10w5



 



10.5



Agreement Amending and Extending term of lease dated May 9, 2003 between
Champion Industries, inc. DBA, Upton Printing and AMB Property, L.P.



 






 


AMENDMENT #1 TO LEASE
AGREEMENT



     This
Amendment to Lease dated May 9, 2003 by and between AMB PROPERTY LP,
a DELEWARE limited partnership, (hereafter “Landlord”), and, Champion
Industries, Inc d/b/a Upton Printing, (hereafter “Tennant”),


WITNESSETH:



     WHEREAS, on October 31, 2000, the parties hereto executed a Lease
Agreement for the premises at Elmwood Distribution Center described as
approximately 11,250 sq.ft. of office/warehouse space, 5600 Jefferson Highway,
Building W-2, Suite 278-282, Elmwood, Louisiana 70123; to include all parking
and loading area used exclusively by Tenant;


     WHEREAS, Landlord and Tenant agree to the following:



	 	1.	 	Term. The term is renewed for (1) one year, commencing November 1,
2003 and expiring October 31, 2004.
	 
	 	2.	 	Rental. Effective November 1, 2003, the monthly base rental is $
4,546.88 per month (“Base Rent”). Tenant’s Estimated Monthly Rent
Payment: Tenant shall pay to Landlord on the first day of each month
during the term hereof, in addition to the Base Rent, Tenant’s share of
all operating expenses. Following is the estimated monthly Rent payment
to Landlord. This estimate is made at the inception of the Lease and is
subject to adjustment pursuant to the provisions of the Lease:




	 	 	 	 	 	 	 	 	 
	(a) Base Rent
	 	$	4,546.88	 	 	 	 	 
	 
	 	 	
	 	 	 	 	 
	(b) Operating Expenses (excludes Real
Property Taxes,
Landlord Insurance, Roof and HVAC)
	 	$	396.10	 	 	 	 	 
	 
	 	 	
	 	 	 	 	 
	(c) Landlord Insurance
	 	$	62.81	 	 	 	 	 
	 
	 	 	
	 	 	 	 	 
	(d) Real Property Taxes
	 	$	396.56	 	 	 	 	 
	 
	 	 	
	 	 	 	 	 
	(e) HVAC Maintenance
	 	$	35.00	 	 	 	 	 
	 
	 	 	
	 	 	 	 	 
	Estimated Monthly Payment
	 	 	 	 	 	$	5,437.35	 
	 
	 	 	 	 	 	 	
	 




	 	3.	 	Addenda and Exhibits. Attached hereto are the following Exhibits,
all of which constitute a part of this Lease: Exhibit A: Diagram of
Premises
	 
	 	4.	 	It is understood and agreed that this Amendment to Lease Agreement
shall not be binding until and unless all parties have signed it.
	 
	 	5.	 	All other terms and conditions of the original Lease Agreement
dated October 31, 2000 shall remain in full force and effect.




	 	 	 
	Landlord:	 	
Tenant:
	AMB Property, L.P.	 	
Champion Industries, Inc. d/b/a
	a Delaware limited partnership	 	
Upton Printing




	By:	 	
AMB Property Corporation,
	 	 	
a Maryland corporation




	 	 	 	 	 	 	 
	By:	 	
/s/ Douglas P. McGregor
	 	By:
	 	/s/ Marshall T. Reynolds
	 	 	


	 	 	 	

	 	 	
Douglas P. McGregor
	 	 	 	Marshall T. Reynolds




	Title: Vice President	 	
Title: Chairman & CEO
	Telephone: (415) 394-9000	 	
Contact Telephone: (                        )
	Facsimile: (415) 394-9001	 	
Contact Facsimile: (                        )
	 	 	 




	 	 	 	 	 	 	 
	Executed at:	 	
San Francisco, CA
	 	Executed at:	 	 
	on:	 	
May, 2003
	 	on:
	 	May     , 2003




	 	 	 
	Landlord’s
Legal Notice
Address:	 	Tenant’s Legal Notice Address:

	5612 Jefferson Highway	 	
c/o Tony D. Adkins, V.P. & Controller,
	New Orleans, LA 70123	 	
2450 First Avenue, Huntington, WV 25703



 






 



Exhibit “A” –
Diagram of Premises



Approximately 11,2505 sq.ft. of office/warehouse, 5600 Jefferson Highway,
Building W-2, Suites 278-282, Elmwood, Louisiana 70123; to include all parking
and loading area used exclusively by Tenant as indicated below:



	 	 	 
	Tenant Initials	 	
Landlord Initials



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