Document:

Exhibit 10.28

 

SECOND
AMENDMENT TO OFFICE LEASE

 

THIS SECOND AMENDMENT TO OFFICE LEASE (this “Second
Amendment”) is hereby made by and between RMC/PAVILION
TOWERS, LLC, a Colorado limited liability company (“Landlord”),
and WILSHIRE STATE BANK, a
California chartered bank (“Tenant”), on this 11 day of August 2008 (the
“Effective Date”).

 

W I T N E S S E T H:

 

WHEREAS, Landlord and Tenant entered into that
certain Office Lease (the “Original Lease”), dated June 21, 2005,
in which Landlord leased to Tenant and Tenant leased from Landlord those
certain premises (the “Leased Premises”) consisting of approximately
1,135 rentable square feet of space commonly referred to as Suite 415 of
that, certain office building (the “Building”) commonly known as the
Pavilion Tower II, located at 2821 South Parker Road, in Arapahoe County,
Aurora, Colorado 80014;

 

WHEREAS, the Original Lease has been amended
by that certain First Amendment to Office Lease (the “First Amendment”),
dated October 17, 2005, by and between Landlord and Tenant, pursuant to
which the Commencement Date of the Original Lease was changed to August 12,
2005 (the Original Lease, as amended by the First Amendment, is hereinafter
referred to as the “Lease”);

 

WHEREAS, the Lease Term with respect to the Leased Premises is
scheduled to expire on September 30, 2008; and

 

WHEREAS, Landlord and Tenant have agreed to modify the Lease in order
to (i) extend the Lease Term, (ii) provide for certain modifications
in Base Rent, and (iii) otherwise modify the Lease, in accordance with the
terms and conditions set forth below.

 

AGREEMENT:

 

NOW, THEREFORE, for and in consideration of
Ten and No/100 Dollars ($10.00), the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and confessed, Landlord and Tenant do hereby represent,
covenant, and agree as follows:

 

1.           Defined Terms. Except as expressly
defined in this Second Amendment, all initial capitalized terms in this Second
Amendment not otherwise defined herein shall have the meaning assigned to such
terms in the Lease.

 

2.           Lease Term. Subject to the terms and
conditions set forth in the Lease, as amended hereby, the Lease Term is
extended by a period of thirty-six (36) months (the “Extended Term”) so
that the Lease shall expire on September 30, 2011 (the “Expiration Date”).
The Extended Term shall be upon the same terms and conditions set forth in the
Lease as modified by this Second Amendment.

 

1

 

3.           Condition of the Leased Premises. Tenant has
made a thorough inspection of the Leased Premises and Tenant accepts the same
(as of the Effective Date and as of the Extension Date [as defined below]) in
its current condition, “AS-IS, WHERE-IS, AND WITH ALL FAULTS,” and Landlord
shall have no obligation to complete any improvements in or to the Leased
Premises. ADDITIONALLY, LANDLORD SHALL MAKE NO WARRANTIES, EXPRESS OR IMPLIED,
WITH RESPECT TO THE LEASEHOLD IMPROVEMENTS IN THE LEASED PREMISES. ALL IMPLIED
WARRANTIES WITH RESPECT THERETO, INCLUDING, BUT NOT LIMITED TO, THOSE OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, ARE EXPRESSLY NEGATED AND
WAIVED.

 

4.           Base Rent; Base Year.

 

(a)              The Lease (including,
without limitation, Section 1.7 of the Original Lease) is hereby amended
to provide that, commencing on October 1, 2008 (the “Extension Date”),
Base Rent for the entire Leased Premises shall be payable by Tenant, in
accordance with all applicable terms and provisions of the Lease, at the annual
rental rate per rentable square foot and for the specific time periods set
forth below:

 

	
  Time Period

  	
   

  	
  Annual Base Rent Per

  Rentable Square Foot

  	
   

  	
  Applicable Monthly

  Base Rent Payment

  	
   

  
	
  Extension Date – September 30,
  2009

  	
   

  	
  $

  	
  15.50

  	
   

  	
  $

  	
  1,466.04

  	
   

  
	
  October 1, 2009
  – September 30, 2010

  	
   

  	
  $

  	
  16.00

  	
   

  	
  $

  	
  1,513.33

  	
   

  
	
  October 1, 2010
  – Expiration Date

  	
   

  	
  $

  	
  16.50

  	
   

  	
  $

  	
  1,560.63

  	
   

  

 

(b)             Notwithstanding any
provision to the contrary contained in the Lease, commencing on the Extension
Date, the Base Year (as identified in Section 2.3(a) of the Original
Lease) shall be the calendar year 2008; provided, that if the Property (as
defined in the Lease) is not ninety-five percent (95%) occupied during the Base
Year (as modified immediately above) or any subsequent calendar year during the
Lease Term, Operating Expenses shall be determined as if the Property had been
ninety-five percent (95%) occupied during such year.

 

5.           Option to Extend. Notwithstanding any
provision to the contrary contained in the Lease or in this Second Amendment,
the one-time option to extend attached to the Original Lease as Rider “1” is
hereby deleted in its entirety and as of the Effective Date is of no further
force or effect.

 

6.           Brokerage. Tenant hereby represents
and warrants to Landlord that no commission, fee or payment of any kind is due
or payable to any broker, leasing agent or other agent or intermediary (other
than R.M. Crowe Leasing, LLC and CB Richard Ellis, Inc.) in connection
with this Second Amendment, or with respect to the subject matter hereof, as a
result of Tenant’s or Tenant’s agent’s dealings with any such party, and Tenant
hereby agrees to

 

2

 

indemnify,
defend and hold Landlord harmless from and against any and all loss, damage,
claim, cost or expense (including, without limitation, attorneys’ fees and
costs of court) arising therefrom or in any way related thereto.

 

7.           Effect of this Second Amendment. Except as
specifically amended by the provisions hereof, the terms and provisions in the
Lease are ratified hereby and shall continue to govern the rights and
obligations of the parties thereunder, and all provisions and covenants of the
Lease shall remain in full force and effect as stated therein. This Second
Amendment and the Lease shall be construed as one instrument. In the event of
any conflict between this Second Amendment and the Lease, the terms and
provisions of this Second Amendment shall control and shall be paramount, and
the Lease shall be construed accordingly. The terms, provisions and covenants
of this Second Amendment shall inure to the benefit of and be binding upon the
parties hereto and their respective heirs, successors in interest and legal
representatives. The terms and conditions of this Second Amendment may not be
modified, amended, altered or otherwise affected except by instrument in
writing executed by Landlord and Tenant. THIS SECOND AMENDMENT REPRESENTS THE
FINAL AGREEMENT BETWEEN LANDLORD AND TENANT WITH RESPECT TO THE AMENDMENT OF
THE LEASE, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS
OR SUBSEQUENT ORAL AGREEMENTS BETWEEN LANDLORD AND TENANT. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN LANDLORD AND TENANT.

 

8.           Offer by Tenant. The submission of an
executed counterpart of this Second Amendment by Tenant to Landlord shall
constitute an offer by Tenant to Landlord, which offer shall remain irrevocable
for a period often (10) business days after the date upon which such
executed counterpart is delivered to Landlord by Tenant.

 

9.           Miscellaneous.

 

(a)           This Second Amendment shall
be construed according to the laws of the State of Colorado.

 

(b)           Landlord and Tenant hereby
represent, warrant and agree that all recitals set forth above in this Second
Amendment are true and correct, and all such recitals are hereby ratified,
adopted and restated as part of the agreement by and between Landlord and
Tenant which is evidenced by and effected by this Second Amendment.

 

(c)           Tenant warrants that all
consents and/or approvals required (including from all of its members, to the
extent applicable) for its execution, delivery and performance of this Second
Amendment have been obtained and that Tenant has the right and authority to
enter into and perform its covenants contained in this Second Amendment and in
the Lease.

 

(d)           If any term or provision of
this Second Amendment, or the application thereof to any person or circumstance
shall to any extent be invalid or unenforceable, the remainder of this Second
Amendment, or the application of such provision to persons or

 

3

 

circumstances other than those as to which it is invalid or
unenforceable, shall not be affected thereby. Each provision of this Second
Amendment shall be valid and shall be enforceable to the extent permitted by
law.

 

(e)              This Second Amendment may be
executed in multiple counterparts, each of which for all purposes is deemed an
original, and all of which constitute collectively but one instrument; but in
making proof of this Second Amendment, it shall not be necessary to produce or
account for more than one (1) such counterpart.

 

[The
signature page follows immediately hereafter.]

 

4

 

IN WITNESS WHEREOF, Landlord and Tenant have executed this Second
Amendment effective as of the Effective Date.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  RMC/PAVILION TOWERS, LLC

  
	
   

  	
  a
  Colorado limited liability company 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Chris Matthews

  
	
   

  	
   

  	
  Chris
  Matthews

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  WILSHIRE STATE BANK

  
	
   

  	
  a
  California chartered bank

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  [ILLEGIBLE]

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

5Exhibit 10.29

 

LEASE
AGREEMENT

 

THIS LEASE, dated this 15th day of December, 2009, between NDI
DEVELOPMENT (“Landlord”) and WILSHIRE STATE BANK (“Tenant”).

 

W I T N E S
S E T H :

 

WHEREAS, Landlord
desires to lease to Tenant the portion of the Premises set forth on Exhibit A
(the “Lease Premises”).

 

NOW, THEREFORE, in
consideration of the mutual covenants and conditions contained herein and other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Landlord leases to Tenant and Tenant hires from said Landlord the
Lease Premises, subject to the following terms and conditions:

 

1.                                       Demised
Premises. Landlord demises and leases to Tenant
approximately 1,000 sf and Tenant rents from Landlord those certain premises
commonly known as (“Premises”) as outlined on the site plan of the property
located at the address 4864 Jimmy Carter Blvd., Suite 202, Norcross,
Georgia 30093, which site plan is attached hereto as Exhibit A. Exhibit A
sets forth the general layout of the Shopping Center, but Landlord reserves the
right to construct other buildings or improvements or to relocate or add any
buildings, improvements, parking areas, and other common areas in the Shopping
Center, provided that the size and relative location of the Premises shall not
be materially altered.

 

Landlord leases the Premises to Tenant subject to the
terms and provisions of this Lease. Tenant acknowledges that the only
warranties and representations Landlord has made in connection with the
physical condition of the Premises of Tenant’s use of the same upon which
Tenant has relied directly or indirectly for any purpose, if any, are those
expressly provided in this Lease. TENANT ACKNOWLEDGES THAT IT HAS FULLY
INSPECTED AND ACCEPTS THE PREMISES IN THEIR PRESENT CONDITION, AND TENANT
WARRANTS, ACKNOWLEDGES AND AGREES THAT TENANT IS LEASING THE PREMISES IN AN “AS
IS” CONDITION “WITH ALL FAULTS” AND SPECIALLY AND EXPRESSLY WITHOUT ANY
WARRANTY, REPRESENTATION OR GUARANTY, EITHER EXPRESS OR IMPLIED, OF ANY KIND,
NATURE OR TYPE WHATSOEVER FROM OR ON BEHALF OF LANDLORD. LANDLORD DOES NOT MAKE
ANY REPRESENTATION OR WARRANTY WITH REGARD TO COMPLIANCE WITH ANY ENVIRONMENTAL
PROTECTION, POPULATION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OR
REQUIREMENTS, INCLUDING THOSE INVOLVING ASBESTOS AND/OR RADON. TENANT
ACKNOWLEDGES THAT IT HAS HAD FULL OPPORTUNITY

 

1

 

TO INSPECT THE PREMISES IN THIS REGARD, AND HERE BY
WAIVES, RELEASES AND DISCHARGES ANY CLAIM IT HAS OR MAY HAVE AGAINST
LANDLORD WITH RESPECT TO THE CONDITION OF THE PREMISES, EITHER PATENT OR
LATENT.

 

2.                                       Advance Rent: To secure the
faithful performance by Tenant of all the terms, conditions and covenants of
this Lease, Tenant shall pay on or before Commencement Date to the Landlord an
advance rent (“Advance Rent”) in the amount of Two Thousand Dollars
($2,000.00), which shall be held by Landlord during the Term of the Lease and
any renewal thereof. Under no circumstances shall Tenant be entitled to any
interest on the Advance Rent. The Advance Rent may be used by Landlord, at its
sole discretion, to apply to any amount owing to Landlord hereunder or to pay
the expenses of repairing any damage to the Premises, or to cure any default of
Tenant hereunder. If Landlord uses all or any portion of the Advance Rent
permitted herein, Tenant shall upon written demand by Landlord pay to Landlord
the amount necessary to fully restore the Advance Rent to the original amount.
If there are no payments to be made from the Advance Rent set forth herein or
if there is any balance of the Advance Rent remaining after all payments have
been made, the Advance Rent, or such balance thereof remaining, shall be
refunded without interest to Tenant within thirty (30) days after fulfillment
by Tenant of all obligations hereunder.

 

3.                                       Rental. Tenant shall
pay to Landlord without deduction, setoff, prior notice or demand, as rental
the sum of Two Thousand Dollars ($2,000.00) per month in advance on the 1st day
of each month in lawful money of the United States of America, commencing on
the 1st day of January, 2010, and continuing throughout the balance of the
term. Monthly rental for any partial month shall be prorated at the rate of
1/30th of monthly rental per day. Rent shall be paid to Landlord at or at such
other place or places as Landlord may from time to time direct.

 

The rent shall include all property taxes, property
insurance and utilities.

 

4.                                       Term.

 

a.                                       The term of
this Lease shall be for a period of commencing on the January 1, 2010 and
ending on December 31, 2010.

 

b.                                      In the event
Landlord is unable to deliver possession of the Lease Premises at the
commencement of the term, Landlord shall not be liable for any damage caused
thereby, nor shall this Lease be void or voidable but Tenant shall not be
liable for rent until such time as Landlord offers to deliver possession of the
Lease Premises to Tenant, but the term hereof shall not be extended by such
delay. If Tenant, with Landlord’s consent, takes possession prior to the
commencement of the term, Tenant shall do

 

2

 

so subject to all of the covenants and conditions hereof and shall pay
rent for the period ending with the commencement of the term at the same rental
as that prescribed for the first month of the term, prorated at the rate of
1/30th thereof per day.

 

4.                                       Use.        Tenant shall use the Lease Premises for
office use and for no other purpose without the prior written consent of
Landlord.

 

Tenant’s business shall be established and conducted throughout the
term hereof in a first class manner. Tenant shall not use the Lease Premises
for, or carry on, or permit to be carried on, any offensive, noisy or dangerous
trade, business, manufacture or occupation nor permit any auction sale to be
held or conducted on or about the Lease Premises. Tenant shall not do or suffer
anything to be done upon the Lease Premises which will cause structural injury
to the premises or the building of which the same form a part. The Lease
Premises shall not be overloaded and no machinery, apparatus or other appliance
shall be used or operated upon the Lease Premises which will in any manner
injure, vibrate or shake the Lease Premises or the building of which it is a
part. No use shall be made of the Lease Premises which will in any way impair
the efficient operation of the sprinkler system (if any) within the building
containing the Lease Premises. Tenant shall not leave the Lease Premises
unoccupied or vacant during the term. No musical instrument of any sort, or any
noise making device will be operated or allowed upon the Lease Premises for the
purpose of attracting trade or otherwise. Tenant shall not use or permit the
use of the Lease Premises or any part thereof for any purpose which will
increase the existing rate of insurance upon the building in which the Lease
Premises are located, or cause a cancellation of any insurance policy covering
the building or any part thereof. If any act on the part of Tenant or use of
the Lease Premises by Tenant shall cause directly or indirectly, any increase
of Landlord’s insurance expense, said additional expense shall be paid by
Tenant to Landlord upon demand. No such payment by Tenant shall limit Landlord
in the exercise of any other rights or remedies, or constitute a waiver of Landlord’s
right to require Tenant to discontinue such act or use.

 

5.                                       Tenant To Hold
Landlord Harmless.     Landlord
warrants that as of the commencement date of this Lease, there will be no
uncured default under the Lease. If Tenant defaults under the Lease, Tenant
shall indemnify and hold Landlord harmless from all damages resulting from the
default. If Tenant defaults in its obligations under the Lease and Landlord
pays rent to Landlord or fulfills any of Tenant’s other obligations in order to
prevent Tenant from being in default, Tenant immediately shall reimburse
Landlord for the amount of rent or costs incurred by Landlord in fulfilling
Tenant’s obligations under this Lease, together with interest on those sums at
the rate of seven percent (7%) per annum, or the highest legal rate.

 

3

 

6.                                       Miscellaneous.

 

a.                                       Attorney’s Fees. If any party
commences an action against any of the parties arising out of or in connection
with this Lease, the prevailing party or parties shall be entitled to recover
from the losing party or parties reasonable attorney’s fees and cost of suit.

 

b.                                      Notice. Any notice,
demand, request, consent, approval or communication that either party desires
or is required to give to the other party or any other person shall be in
writing and either served personally or sent by prepaid, first-class mail. Any
notice, demand, request, consent, approval, or communication that either party
desires or is required to give to the other party shall be addressed to the
other party at the address set forth in the introductory paragraph of this
Lease. Either party may change its address by notifying the other party of the
change of address. Notice shall be deemed communicated with 72 hours from the
time of mailing if mailed as provided in this paragraph.

 

	
   

  	
  LANDLORD:

  	
  TENANT:

  
	
   

  	
  NDI
  DEVELOPMENT, LLC

  	
  WILSHIRE
  STATE BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  [ILLEGIBLE]

  	
   

  	
  By:

  	
  /s/
  Anna Chung

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Anna
  Chung

  
	
   

  	
  Title:

  	
  Manager

  	
   

  	
  Title:

  	
  SVP
  & SBA Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
  12/21/09

  	
   

  	
  Date:

  	
  12/29/09

  

 

4

 

EXHIBIT A

 

LEASE PREMISES

 

 

5

 

EXHIBIT B

 

USE AND
ACCESS

 

Landlord shall maintain all common area in a sanitize and professional
manner.

 

Tenant shall have full use and access to the following area during
operating hours of Monday thru Friday, 8am to 6pm, unless otherwise stated:

 

1)                                     Reception area;

2)                                     Receptionist
(Monday thru Friday, 9am to 5pm, excluding holidays);

3)                                     Kitchen;

4)                                     Reception room;

5)                                     Conference room
(Please book room use with Receptionist);

6)                                     Copy areas;

7)                                     Laboratories.

 

In addition to the above use and access list, Tenant shall also receive
the following services:

 

a)             Office cleaning services;

b)            Two designated phone lines;

c)             24 hours secure building,
exterior of building is monitor 24 hours a day, interior has unmonitored
cameras in all common areas;

 

(REMAINDER
OF PAGE LEFT BLANK)

 

6

 

SPECIAL
STIPULATION

 

In
the event of any conflict between the terms of this Special Stipulation and the
Lease, the terms of this Special Stipulation shall control.

 

a)                                      Tenant shall
have exclusive use of receptionist 4 hours a day, Monday thru Friday, to assist
LPO manager of the Tenant.

 

b)                                     Tenant shall
have two, one year option to renew Lease upon 60 days written notice.

 

c)                                      Tenant has
option to hire own private assistant at Tenant sole cost and expenses. At which
time, Landlord shall provide additional space approximately 200sf at no
additional charge and will automatically Terminate reception services, as
stated on Special Stipulation a).

 

(REMAINDER
OF PAGE LEFT BLANK)

 

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