Document:

skx-ex1018a_875.htm

 

Exhibit 10.18(a)

Execution version

ADDENDUM 1 TO AGREEMENT FOR THE AVAILABILITY OF

SPACE FOR THE STORAGE OF GOODS AND OFFICES FOR THE

MANAGEMENT OF THIS DATED MAY 20. 2008

The undersigned:

ProLogis Belgium III BVBA, registered with the RPR under number 0472.435.629, with its offices in Park Hill, Building A, 3rd Floor, Jan Emiel Mommaertslaan 18, B-1831 Diegem and hereby represented by Mr. Gerrit Jan Meerkerk,

hereinafter referred to as ‘ProLogis’,

and

Skechers EDC sprl, with its registered office in 4041 Milmort, Parc Industriel Hauts-Sarts, Zone 3, avenue du Parc Industriel, registered with the RPR 0478.543.758, hereby represented by Mr. David Weinberg;

hereafter referred to as ‘Skechers EDC’ or as ‘CUSTOMER’,

AFTER HAVING CONSIDERED THE FOLLOWING:

1. On May 20, 2008 Prologis and Skechers EDC have signed an “Agreement for the availability of space for the storage of goods and offices for the management of this” concerning the following real estate: Prologis Park Liege Distribution Center II (the “Availability Agreement DC II”).

2. Prologis has carried out some additional investments with respect to the warehouse space of the Premises which justifies a slight increase in the Price thereof.

3. Parties wish to confirm an earlier Commencement Date as provided for in the Availability Agreement DC II.

4. The terms with a capital will have the same meaning as set forth in the Availability Agreement DC II, unless expressly set forth otherwise herein.

HAVE AGREED THE FOLLOWING:

	
1
	
Price and Deposit

Article 3 of the Availability Agreement DC II is replaced as follows :

The Agreement for the availability of the Premises is entered into on the basis of an annual price of one million nineteen thousand one hundred and thirty-nine Euro and seventy-three Eurocent, i.e. €1,019,139.73, (+VAT : two hundred and fourteen thousand and nineteen Euro and thirty-four Eurocent i.e. € 214,019.34), hereinafter referred to as the ‘Price’, payable per quarter and in advance in four (4) equal parts of two hundred and fifty-four thousand seven hundred and eighty-four Euro ninety-three Eurocent, i.e. € 254,784.93, (+VAT : fifty-three thousand five hundred and four Euro eighty-four Eurocent i.e. € 53,504.84), to be made by direct bank transfer to the bank account of ProLogis.

As stipulated in Article 5, this Agreement is to take effect on March 11, 2009 for the Warehouse and March 25, 2009 for the Property. The first period over which payment is due will therefore be the period from April 1, 2009 up to and including June 30, 2009, which is due as from April 1, 2009. 

The Price must be paid in Euro and is payable to ProLogis Belgium III sprl, account number: 720540646989 (ABN Amro Bank in Brussels).

If Skechers, either in part or in its entirety, is in default with the payment of the above-mentioned quarterly payments of the Price on the aforementioned dates when the payments are due, Skechers must pay ProLogis, by operation of law (“ipso iure”) and without notice of default, the interest due over that sum amounting to twelve percent (12%) per annum, whereby any month that has commenced must be regarded as completed.

When the Price in accordance with Article 4 is modified, the amount of the bank guarantee, as referred to in Article 25, will have to be adjusted in line with the annual adjustment of the Price payments every year. This bank guarantee may only be released six (6) months after the termination of the Agreement, provided that Skechers have been released properly of the obligations resulting from this Agreement. Under no circumstance, shall the bank guarantee be used by Skechers to pay the 

 

Execution version

 

 

Price. However, in the event of breach of Agreement on the part of Skechers, ProLogis may use the aforementioned deposit to compensate for Skechers’ overdue payments and any other omissions in the performance of its obligations by Skechers.

	
2
	
Commencement and Duration of the Availability Agreement DC II

Article 5 of the Availability Agreement DC II is replaced as follows : 

The availability of the Premises commences on 11 March 2009 for the Warehouse and 25 March 2009 for the Property. 11 March 2009 is referred to as the ‘Commencement Date’, unless parties confirm otherwise in writing, for a duration of twenty (20) consecutive years and twenty (20) days as of Commencement Date and ends by operation of law on March 31, 2029.

Skechers is only entitled to terminate the Agreement as at (i) March 31, 2014, (ii) March 31, 2019, and (iii) March 31, 2024, subject to a prior notice period of twelve (12) months, without any compensation to Prologis nor VAT adjustment to be paid, except as set forth in article 2 of this Agreement.

Notice needs to be given in such a case twelve (12) months prior to the dates mentioned in the previous paragraph by bailliff’s writ or by registered letter. Notices hereunder shall be deemed given and effective (i) if delivered by a bailiff, upon delivery, or (ii) if sent by certified or registered mail, within five (5) days of deposit in the post office.

This Agreement will however in any case end by operation of law on March 31, 2029. After this date, this Agreement can not be tacitly renewed.

	
3
	
Various clauses

	
3.1
	
The other terms and conditions of the Availability Agreement DC II remain fully applicable between parties with respect to the Premises. It being understood that where reference is made in the text of the Availability Agreement DC II to “April 1, 2009”, this needs to be replaced by a reference to March 11, 2009.

No amendment or modification of this Addendum shall take effect unless it is in writing and is executed by duly authorized representatives of the parties.

	
3.2
	
If one or more of the provisions of this Addendum is declared to be invalid, illegal or unenforceable in any respect under the applicable law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected. In the case whereby such invalid, illegal or unenforceable clause affects the entire nature of this Addendum, each of the parties shall use its best efforts to immediately and in good faith negotiate a legally valid replacement provision.

	
4
	
Applicable law and competent courts

This Addendum shall be governed by and construed in accordance with Belgian law. In the event of any dispute relating to the conclusion, validity, the implementation or the interpretation of this Addendum, the courts of Liege will have sole and exclusive jurisdiction.

This Agreement was made out in four (4) copies in Liege,     10/3/    , 2009. Each party acknowledges to have received its original copy.

 

	
/s/ Gerrit Jan Meerkerk
	
 
	
/s/ David Weinberg

	
Gerrit Jan Meerkerk
	
 
	
 

	
ProLogis Belgium III
	
 
	
Skechers EDC

 

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Exhibit 10.18(b)

AMENDMENT 2 (“AMENDMENT 2”) TO THE AGREEMENT FOR THE

AVAILABILITY OF SPACE FOR THE STORAGE OF GOODS AND

OFFICES FOR THE MANAGEMENT OF THIS DATED MAY 20,2008

The undersigned:

	
(1)
	
Prologis Belgium III BVBA, registered with the RPR under number 0472.435.629, with its offices in Park Hill, Building A, 3rd Floor, Jan Emiel Mommaertslaan 18, B-1831 Diegem and hereby represented by Mr. Gerrit Jan Meerkerk, hereinafter referred to as ‘Prologis’, and

	
(2)
	
Skechers EDC Sprl, with its registered office in 4041 Milmort, Parc Industriel Hauts-Sarts, Zone 3, avenue du Parc Industriel, registered with the RPR 0478.543.758, hereby represented by Mr. David Weinberg, hereafter referred to as ‘Skechers’,

AFTER HAVING CONSIDERED THE FOLLOWING:

	
(A)
	
On May 20, 2008 Prologis and Skechers signed an “Agreement for the availability of space for the storage of goods and offices for the management of this” concerning the following real estate: Prologis Park Liege Distribution Center II, as amended by Addendum 1 dated March 10. 200*9 (the “Availability Agreement DC II”).

	
(B)
	
Prologis has carried out some additional investments with respect to the warehouse space of the Premises as referred to in Addendum 1 and some further investments.

	
(C)
	
By entering into this Amendment 2 the parties wish to record all items that were added to the Premises in addition to the specifications in the Availability Agreement DC II and to indicate which of the parties is the owner of the relevant items and is responsible for the maintenance and replacement thereof.

	
(D)
	
The capitalised terms shall have the same meaning as in the Availability Agreement DC II, unless expressly defined herein.

HAVE AGREED THE FOLLOWING:

	
1
	
List of Additional Items

	
1.1
	
The parties hereby agree that the List of Additional Items attached to this Agreement as Appendix 1 (the “List”) contains all items added to the Premises as of the date of this Amendment 2. The parties agree that each party is the owner of, and is responsible for the maintenance and replacement of, the items as indicated in the List.

	
1.2
	
The List shall form an integral part of the Availability Agreement DC II .

	
2
	
Various clauses

	
2.1
	
Availability Agreement DC II remains in full force and effect save as hereby amended.

	
2.2
	
No amendment or modification of this Amendment 2 shall take effect unless it is in writing and is executed by duly authorized representatives of the parties.

	
2.3
	
If one or more of the provisions of this Amendment 2 is declared to be invalid, illegal or unenforceable in any respect under the applicable law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected. In the case whereby such invalid, illegal or unenforceable clause affects the entire nature of this Amendment 2, each of the parties shall use its best efforts to immediately and in good faith negotiate a legally valid replacement provision.

	
2.4
	
This Amendment 2 shall be governed by and construed in accordance with Belgian law. In the event of any dispute relating to the conclusion, validity, the implementation or the interpretation of this Amendment 2, the courts of Liege will have sole and exclusive jurisdiction.

- 1/3 -

 

This Amendment 2 is signed in four (4) copies in Liege, (date)   22 December, 2009. Each part acknowledges to have received its original copy. 

 

	
/s/ Gerrit Jan Meerkerk
	
 
	
/s/ David Weinberg

	
 
	
 
	
 

	
Gerrit Jan Meerkerk
	
 
	
David Weinberg

	
ProLogis Belgium III BVBA
	
 
	
Skechers EDC Sprl

 

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Appendix 1

List of Additional Items

 

 

 

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Skechers DC#2 Milmort, ADDITIONAL WORKS TI INVESTMENT OWNED BY RESPONSIBLE MAINTENANCE * RESPONSIBLE RENEWAL ** Items additional to the Contract Specification Cost Skechers direct Cost Prologis SKECHERS PROLOGIS SKECHERS PROLOGIS SKECHERS PROLOGIS 5.2 Changing 2 fire doors Rf 1h,  4x6 m €22,050.00 addendum 1 x addendum 1 5.3 Two extra escape doors €7,350.00 addendum 1 x addendum 1 5.4 Barrier next to the parking road € 18,201.92 addendum 1 x addendum 1 5.5 Adaptions lighting capacity (200 Lux between racks) €179,295.84 addendum 1 x addendum 1 5.7 Motion detection in racking lanes €24,363.09 addendum 1 x addendum 1 5.8a Water supplies €2,076.90 addendum 1 x addendum 1 5.8b Slophoppers €7,703.69 addendum 1 x addendum 1 5.9 Adaptions acces control Intercom €5,826.12 addendum 1 x addendum 1 510 High voltage €124,676.12 addendum 1 x addendum 1 5.11 Electrical extra existing DC new DC ask by Skechers €105,515.56 addendum 1 x addendum 1 5.12a IT room on mezzanine €23,665.15 x x x 5.12b IT room on mezzanine floor cabling €108,888.71 x x x 5.13 Offer for radio-system €12,086.54 x x x 5.15 Extra porte Hall1 (electrical) €8,821.84 x x x 5.16 24 extra connection Telefoon atenne computer system €1,653.60 x x x 5.17 more high of IT-room €8,880.62 x x x 5.19 addaption of hight double doors €475.00 x x x 5.20 reeling removebal €5,889.00 x x x 5.21 addapion of the service road by sprinkler tank €5,530.00 x x x 5.22 barrier between parking and entrance road €5,135.00 €5,135.00 x x x 5.23 extra water and sewage in IT Room €1,577.49 x x x 5.24 bicyclesheet €4,240.36 x x x 5.26 painting €675.44 x x x 5.27 woks high tension €1,775.00 €1,775.00 x x x 5.28 work on music installation €2,234.60 x x x 5.29 greenery €3,940.00 €3,940.00 x x x   6.1 Exit doors safety as 103 en 106 €11,413.71 x x x 6.4 Offices fire detectors €49,524.93 x x x 6.5 Heating in offices €43,190.95 x x x 6.6 Thermostate protection €1,537.60 x x  6.7 Modification sanitary area’s €9,392.17 x x x 6.8 Electrical “loze’ pipe €5,789.41 x x x 6.11 IT local (outside walls) €25,889.94 x x x 6.13 Sewer pit (sterfput) €987.48 x x x 6.14 Change connections fire brigade €11,439.46 x x x 6.15 extra lighting €6,779.59 x x x 6.16 adaptions control room demanded by fire department €4,901.00 x x x 6.17 parking buffers 50% sketcher, 50% Prologis €2,100.00 €2,100.00 x x x 6.19 tiles in sanitary floor on the mezzanine €3,153.13 x x x * Maintenance as indicate in the lease agreement and the general terms and conditions. ** Renewal as indicated in the lease agreement and the general terms and conditions.

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