SEC Contract Filing

Filing Date: 2021-03-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.B
<SEQUENCE>3
<FILENAME>scvl-ex10b_45.htm
<DESCRIPTION>EX-10.B
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scvl-ex10b_45.htm
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Calibri;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10-B</p>
<p style="text-align:center;margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Calibri;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">FIRST AMENDMENT TO LEASE</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS FIRST AMENDMENT TO LEASE (this "Amendment") is made and entered into this 16th day of June, 2015 (the "Effective Date"), by and between BIG-SHOE PROPERTIES, LLC, an Indiana limited liability company ("Landlord"), and SHOE CARNIVAL, INC., an Indiana corporation ("Tenant"). </p>
<p style="text-align:center;margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Calibri;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">RECITALS</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, Landlord and Tenant are parties to that certain Lease, dated February 8, 2006 (the "Lease"), for Leased Premises located at 15001 N. Highway 57, Evansville, Indiana (all as more particularly defined and described in the Lease); </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Leased Premises include Real Estate, Improvements and a Building, all as more particularly defined in the Lease; </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Building on the Leased Premises currently contains approximately 409,350 square feet and, pursuant to Section 8(c) of the Lease, Tenant has the right to expand the Building within the Expansion Area of the Leased Premises; </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, in anticipation of expanding the Building, Landlord has obtained certain permits and governmental approvals to perform the preliminary site work and wetlands mitigation required to expand the Building on the Leased Premises (the "<font style="text-decoration:underline;">Site Work Permits</font>") (the Site Work Permits are described in <font style="text-decoration:underline;">Exhibit A</font> attached to this Amendment and incorporated herein by this reference as if fully set forth in their entirety); and </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, subject to the terms and provisions of this Amendment, Landlord and Tenant desire to modify and amend the Rent obligations of Tenant under the Lease to include in the Rent due under the Lease certain costs that will be incurred by Landlord to prepare the Expansion Area of the Leased Premises for expansion of the Building. </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, IN CONSIDERATION of the foregoing recitals and the mutual covenants and agreements contained herein, the adequacy and sufficiency of which are hereby expressly acknowledged by the parties, the Lease shall be amended as follows: </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:7.69%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1. <font style="text-decoration:underline;">Definitions</font>. All capitalized terms not defined in this Amendment shall have the meanings ascribed to such terms in the Lease. </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:7.69%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2. <font style="text-decoration:underline;">Expansion Area Improvements; Expansion Area Costs</font>. </p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:7.69%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a) <font style="margin-left:36pt;"></font>Landlord shall perform the following work and improvements on or about the Expansion Area and/or Real Estate of the Leased Premises: (i) design and engineering of the Expansion Area to accommodate expansion of the Building by an additional 200,000 square feet, to an aggregate area of approximately 609,350 square feet; (ii) in addition to the Site Work Permits, procure demolition, excavation and construction permits in compliance with all applicable laws; (iii) wetlands mitigation as required by applicable laws and in compliance with the Site Work Permits; (iv) installation and construction of storm water management drainage and/or retention systems as required by applicable laws; (v) excavation and soil compaction; (vi) extend (and rough-in) utilities to the building pad on which the expansion of the Building shall be performed, and (vii) building pad construction to accommodate an additional 200,000 square feet of Building area (collectively, the "<font style="text-decoration:underline;