Document:

skx-ex103_502.htm

 

Exhibit 10.3

Addendum to the Warehouse Agreement 

Between the undersigned:

	
1.
	
The private limited liability company Prologis Belgium II BVBA, having its registered office at 2850 Boom, Scheldeweg 1, registered with the Crossroads Bank for Enterprises under the number 0472.435.431 (RLE Antwerp) and with VAT number 0472.435.431,

represented by Mr. Bram Verhoeven, holder of a special proxy, 

hereinafter referred to as “Prologis Belgium II”,

AND

	
2.
	
The private limited liability company Skechers EDC SPRL, having its registered office at 4041 Milmort (Liège), avenue du Parc Industriel 3, registered with the Crossroads Bank for Enterprises under the number 0478.543.758 (RLE Liège) and with VAT number 0478.543.758, 

represented by Mr. David Weinberg, Business Manager,

hereinafter referred to as “Skechers”,

AND

	
3. 
	
The limited liability company under the laws of the State of Delaware (USA) Skechers USA Inc., having its registered office at CA 90266 Manhattan Beach (USA), Manhattan Beach Blvd. 228, and registered under the Commission File Number 001-1429 with I.R.S. Employer Identification No. 95-437615,

represented by Mr. David Weinberg, Director,

hereinafter referred to as “Guarantor”,

AND

	
4.
	
The private limited liability company Prologis Belgium III BVBA, having its registered office at 2850 Boom, Scheldeweg 1, registered with the Crossroads Bank for Enterprises under the number 0472.435.629 (RLE Antwerp) and with VAT number 0472.435.629,

represented by Mr. Bram Verhoeven, holder of a special proxy, 

hereinafter referred to as “Prologis Belgium III”.

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WHEREAS:

	
1.
	
Skechers has concluded an “Agreement for the availability of Space for the storage of goods and Offices for the management of this” dated 12 August 2002, as amended, with respect to the Prologis Park Liège Distribution Center I located in the Industrial Park Hauts-Sarts, Milmort, Liège, avenue du Parc Industriel (the “Agreement DC I”), an “Agreement for the availability of Space for the storage of goods and Offices for the management of this” dated 20 May 2008, as amended with respect to Prologis Park Liège Distribution Center II located in the Industrial Park Hauts-Sarts, Milmort, Liège, avenue du Parc Industriel (the “Agreement DC II”) and a “Warehouse Agreement” dated 19 September 2014, with respect to the Prologis Park Liège Distribution Center III located in the Industrial Park Hauts-Sarts, Milmort, Liège, avenue du Parc Industriel (the “Agreement DC III”).

	
2.
	
Prologis Belgium II (instead of Prologis Belgium III) is currently negotiating the acquisition of an additional parcel of land located in the Industrial Park Hauts-Sarts, Milmort, Liège, Avenue du Parc Industriel (the “Land”).

	
3.
	
On this Land and on a portion of the land on which Prologis Park Liège Distribution Centers II and III has been, respectively is being constructed (together referred to as the “Site”), the intention is to construct additional warehouses, mezzanine and offices, i.e. the Prologis Park Liège Distribution Center IV (the “Premises”).

	
4.
	
Skechers wishes to perform activities related to the storage, handling, transportation and distribution in the Premises which will be constructed on the Site. 

	
5.
	
Prologis Belgium III, Skechers and the Guarantor wanted to conclude an agreement by which the Premises would be designed and constructed by Prologis Belgium III and put at the disposal of Skechers subject to the terms and conditions as set out and mutually agreed upon in an agreement. To that extent, Prologis Belgium III, Skechers and the Guarantor entered into said agreement (the “Agreement”).

	
6.
	
It has been decided to amend the Agreement by replacing Prologis Belgium III by Prologis Belgium II under the Agreement.

THE FOLLOWING HAS BEEN AGREED:

The conditions of the Agreement remain unchanged except for the following conditions: 

Prologis Belgium III, as contracting party under the Agreement, is, with retroactive effect as from the date of execution of the Agreement, fully replaced by Prologis Belgium II, at the full discharge of Prologis Belgium III which, as a result, is freed from any obligations resulting from the Agreement. 

 

*

**

Done in Boom, on 20/7/2015, in five original counterparts, each party acknowledging receipt of a fully executed original copy, and one remaining counterpart being intended for the registration office.

 

					

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Prologis Belgium II

	
 
	
 
	
 
	
 

	
 
	
/s/ Bram Verhoeven
	
 
	
 

	
Name:
	
Bram Verhoeven
	
 
	
 

	
Capacity:
	
Holder of a special proxy
	
 

 

 

				
	
Skechers

	
 
	
 
	
 

	
 
	
s/ David Weinberg   8/3/2015
	
 

	
Name:
	
David Weinberg
	
 

	
Capacity:
	
Business Manager

 

					
	
 

 

Guarantor

	
 
	
 
	
 
	
 

	
 
	
/s/ David Weinberg   8/3/2015
	
 
	
 

	
Name:
	
David Weinberg
	
 
	
 

	
Capacity:
	
Director
	
 

 

 

					
	
 

Prologis Belgium III

	
 
	
 
	
 
	
 

	
 
	
/s/ Bram Verhoeven
	
 
	
 

	
Name:
	
Bram Verhoeven
	
 
	
 

	
Capacity:
	
Holder of a special proxy
	
 

 

- 3/3 -skx-ex104_503.htm

Addendum - Ground levelling DC4 Liège

 

   

 

Exhibit 10.4

Addendum to the Agreement

 

Between the undersigned:

 

	
1.
	
The private limited liability company Prologis Belgium II BVBA, having its registered office at 2850 Boom, Scheldeweg 1, registered with the Crossroads Bank for Enterprises under the number 0472.435.431 (RLE Antwerp) and with VAT number 0472.435.431,

 

	

	
represented by Mr. Bram Verhoeven, holder of a special proxy, 

 

hereinafter referred to as “Prologis Belgium II”,

 

	
AND
	

 

	
2.
	
The private limited liability company Skechers EDC SPRL, having its registered office at 4041 Milmort (Liège), avenue du Parc Industriel 3, registered with the Crossroads Bank for Enterprises under the number 0478.543.758 (RLE Liège) and with VAT number 0478.543.758, 

 

represented by Mr. David Weinberg, Business Manager,

 

hereinafter referred to as “Skechers”,

 

AND

 

	
3. 
	
The limited liability company under the laws of the State of Delaware (USA) Skechers USA Inc., having its registered office at CA 90266 Manhattan Beach (USA), Manhattan Beach Blvd. 228, and registered under the Commission File Number 001-1429 with I.R.S. Employer Identification No. 95-437615,

 

represented by Mr. David Weinberg, Director,

 

hereinafter referred to as “Guarantor”,

 

AND

 

	
4.
	
The private limited liability company Prologis Belgium III BVBA, having its registered office at 2850 Boom, Scheldeweg 1, registered with the Crossroads Bank for Enterprises under the number 0472.435.629 (RLE Antwerp) and with VAT number 0472.435.629,

 

	

	
represented by Mr. Bram Verhoeven, holder of a special proxy, 

 

hereinafter referred to as “Prologis Belgium III”.

1

 

Addendum - Ground levelling DC4 Liège

 

   

 

WHEREAS:

 

	
1.
	
Prologis Belgium III, Skechers and the Guarantor have executed a conditional agreement (the “Warehouse Agreement”) with respect to the design, construction and putting at the disposal by Prologis Belgium III to Skechers, of warehouses, mezzanine and offices, i.e. the Prologis Park Liège Distribution Center IV, on a parcel of land located in the Industrial Park Hauts-Sarts, Milmort, Liège, Avenue du Parc Industriel (the “Land”) and on a portion of the land on which Prologis Park Liège Distribution Centers II and III has been, respectively is being constructed (together referred to as the “Site”), as further described in Article 1.1, last paragraph of Part I of  the Warehouse Agreement.

 

	
2.
	
The Land is currently owned by Services Promotion Initiatives en Province de Liège (SPI) SCRL. Prologis Belgium II (instead of Prologis Belgium III) is negotiating terms and conditions of the acquisition of the Land.

 

	
3.
	
The Warehouse Agreement is conditional to both (i) obtaining the required building and environmental permit(s) and other consents and authorisations for the design and construction of the Prologis Park Liège Distribution Center IV, and (ii) acquisition of the Land.

 

	
4.
	
Given the timing constraints for Skechers, Skechers has nevertheless requested Prologis Belgium III to start ground levelling works on the Site. To that extent, Prologis Belgium III, Skechers and the Guarantor entered into an agreement related to said works (the “Agreement”).

 

	
5.
	
It has been decided to amend the Agreement by replacing Prologis Belgium III by Prologis Belgium II under the Agreement. The same amendment has been decided with regard to the Warehouse Agreement and has been acted in a separate document.

 

 

THE FOLLOWING HAS BEEN AGREED:

 

The conditions of the Agreement remain unchanged except for the following conditions: 

 

Prologis Belgium III, as contracting party under the Agreement, is, with retroactive effect as from the date of execution of the Agreement, fully replaced by Prologis Belgium II, at the full discharge of Prologis Belgium III which, as a result, is freed from any obligations resulting from the Agreement. 

 

*

**

 

2

 

Addendum - Ground levelling DC4 Liège

 

   

 

Done in Boom, on 20/7/2015, in four original counterparts, each party acknowledging receipt of a fully executed original copy.

					
	
 

Prologis Belgium II

	
 
	
 
	
 
	
 

	
 
	
/s/ Bram Verhoeven
	
 
	
 

	
Name:
	
Bram Verhoeven
	
 
	
 

	
Capacity:
	
Holder of a special proxy
	
 

 

 

				
	
Skechers

	
 
	
 
	
 

	
 
	
/s/ David Weinberg   8/3/2015
	
 

	
Name:
	
David Weinberg
	
 

	
Capacity:
	
Business Manager

 

 

					
	
 

 

Guarantor

	
 
	
 
	
 
	
 

	
 
	
/s/ David Weinberg   8/3/2015
	
 
	
 

	
Name:
	
David Weinberg
	
 
	
 

	
Capacity:
	
Director
	
 

 

 

					
	
 

Prologis Belgium III

	
 
	
 
	
 
	
 

	
 
	
/s/ Bram Verhoeven
	
 
	
 

	
Name:
	
Bram Verhoeven
	
 
	
 

	
Capacity:
	
Holder of a special proxy
	
 

 

3

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