FIRST AMENDMENT TO OFFICE LEASE
BETWEEN
THE CITY OF REDONDO BEACH
AND
PIERO QUINCI D.M.D., M.S., INC., a CALIFORNIA CORPORATION, DBA Aloha Braces
THIS FIRST AMENDMENT TO OFFICE LEASE ("First Amendment") is made and entered corporation ("Landlord"), and Piero Quinci D.M.D., M.S
Aloha Braces ("Tenant").
WHEREAS, Landlord and Tenant entered into a certain Office Lease dated as of March 15, 2016 (the "Lease"), for space located at 105 W. Torrance Blvd. Suite #100, Redondo Beach CA 90277, consisting of approximately 2,303 rentable square feet, and WHEREAS, Landlord and Tenant desire to enter into this First Amendment to amend certain terms of the Lease to reflect the new Lease terms.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant hereby agree that the Lease shall be amended as follows:
1. Summary of Basic Terms. The following paragraphs e, f, g, i and I hereby replace and supersede the corresponding paragraphs of Section 2 of the Lease:
e. Lease Term: 5 years (60 months) from First Amendment commencement date, subject to earlier termination as provided herein.
f. First Amendment Commencement Date: September 3, 2024 g. First Amendment Expiration Date: September 2, 2029
i. Monthly Rent: $5,520.00 (Five Thousand Five Hundred Twenty and 00/100 Dollars). Monthly rent will be increased by 3% annually beginning with the first anniversary date of this First Amendment. The 13 month rent payment of the amended lease term will be abated.
I. Operating Expense Base Year: 2024
2. Tenant shall execute and deliver to Landlord an executed Lease Confirmation (First Amendment) in the form set forth in the attached Exhibit "B-1" concurrently with the date of this First Amendment.
3. Tenant shall cause the Guarantor to execute and deliver to Landlord an executed Addendum to Guaranty in the form which is attached hereto as Exhibit "E-1."
4. Landlord and Tenant shall execute a Memorandum of Amended Lease in the form of the attached Exhibit "G-1" concurrently with the date of this First Amendment, and shall record the Memorandum of Amended Lease in the official records of Los Angeles County".
5. Except as expressly provided herein, all terms and provisions of the Lease shall remain unchanged and shall continue in full force and effect. In the event of any inconsistency between this First Amendment and the Lease, this First Amendment shall prevail. This First Amendment may be modified or amended only by a subsequent writing executed by all of the parties.
6. The parties signing below warrant and represent that they are duly authorized to enter into and execute this First Amendment on behalf of their respective party.
IN WITNESS WHEREOF, Landlord has by motion duly adopted by the City Council, caused this Lease to be signed by its Mayor and attested by its City Clerk, and Tenant has duly executed this Lease, all as of the day and year first above written. "LANDLORD":
CITY OF REDONDO BEACH,
a chartered municipal corporation
James A. Light
Mayor
ATTEST: APPROVED AS TO FORM:
Eleanor Manzano Michael W. Webb
City Clerk City Attorney
APPROVED:
Diane Strickfaden
Risk Manager
"TENANT":
PIERO QUINCI D.M.D., M.S., INC.
a California corporation
By:
Its: PIERO QUINCI
PRIGIDENT
EXHIBIT B-1
LEASE CONFIRMATION (First Amendment)
TO: Piero Quinci D.M.D., M.S., INC., a California corporation DATED: September 3, 2024
Re: Office Lease dated March 15, 2016, as amended by First Amendment to Office Lease dated September 3, 2024, by and between CITY OF REDONDO BEACH, a chartered city and municipal corporation, as Landlord, and Piero Quinci D.M.D., M.S., INC., a California corporation (the "Lease"), for those premises generally referred to as 105 W. Torrance Blvd. Suite #100 Redondo Beach, CA 90277 (the "Premises").
Please acknowledge that the Commencement Date of the First Amendment to Office Lease is September 3, 2024, and that the amended Expiration Date of the Office Lease is September 2, 2029.
Very truly yours,
Agent for "Landlord"
Tenant hereby confirms the information set forth above, and further acknowledges that Landlord has fulfilled its obligations under the above-referenced Lease.
By: PIERO QUINCI
Title:
PRESIDING
EXHIBIT E-1
ADDENDUM TO LEASE GUARANTY
THIS ADDENDUM TO LEASE GUARANTY ("Guaranty") is made by PIERO QUINCI, an individual (referred to as " Guarantor"), in favor of the CITY OF REDONDO BEACH, a Chartered Municipal Corporation (" Landlord"), in connection with that certain lease dated as of March 15, 2016, as amended by the First Amendment to Office Lease dated September 3, 2024 (as amended, the "Lease"), pursuant to which Landlord has leased to PIERO QUINCI D.M.D., M.S., INC., a California corporation ("Tenant"), those premises generally referred to as 105 W.
Torrance Blvd., Suite #100, Redondo Beach, CA 90277 (the "Premises").
A. Guarantor has executed a "Lease Guaranty," dated as of March 3, 2016, which guarantees the obligations of Tenant under the Lease.
B. Landlord requires this Addendum to Lease Guaranty as a condition to its execution of the First Amendment to Office Lease and the performance of the obligations to be performed under the Lease by Landlord.
C. Guarantor has agreed to provide this Addendum to Lease Guaranty to induce Landlord to enter into the First Amendment to Office Lease with Tenant and perform its obligations under the Lease.
In consideration of Landlord's agreement to execute the First Amendment to Office Lease arid for other good arid valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor does hereby agree with Landlord as follows:
I. The Lease, as amended by the First Amendment to Office Lease, is hereby incorporated into and made a part of the Guaranty by this reference.
Guarantor acknowledges and agrees that the Guaranty remains in full force and effect.
The term "Lease" as used in the Guaranty shall mean the Lease, as amended by the First Amendment to Office Lease. All of the Guarantor's obligations under the Guaranty shall apply to the Lease, as amended by the First Amendment to Office Lease.
Executed on lukusr 28" 202.
[If Guarantor is a married individual, Guarantor's spouse must sign this Addendum to Guaranty]
PIERO QUINC
Spouse (if applicable)
Address of Guarantor:
A. If the person(s) signing this Addendum to Guaranty on behalf of Guarantor [is/are] [an] officers] of a corporation that is incorporated in California, then one of the following conditions must be satisfied: (i) this Addendum to Guaranty must be signed by two officers, one being the Chairman of the Board, the President or a Vice President, and the other one being the Secretary, an Assistant Secretary. the Chief Financial Officer or an Assistant Treasurer, or (ii) if clause (i) above is not satisfied, or if this Addendum to Guaranty is signed by one person acting in two capacities, then Guarantor shall have delivered to Landlord a certified copy of a corporate resolution in form acceptable to Landlord authorizing the signatory(ies) to execute this Addendum to Guaranty.
B. If the person(s) signing this Addendum to Guaranty on behalf of Guarantor [is/are] [an] officers] of a corporation that is incorporated in a state other than California, then Guarantor shall have delivered to Landlord a certified copy of a corporate resolution in form acceptable to Landlord authorizing the signatory(ies) to execute this Addendum to Guaranty.
EXHIBIT G-1
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
CITY OF REDONDO BEACH
415 Diamond Street
Redondo Beach, CA 90277
Attention: City Clerk
No Recording Fee
Exempt pursuant to Government Code 6103
MEMORANDUM OF AMENDED LEASE
This Memorandum of Amended Lease ("Memorandum") is made and entered into as of September 3, 2024, by and between the CITY OF REDONDO BEACH, a chartered municipal corporation, hereinafter referred to as the "Landlord," and Piero Quinci D.M.D., M.S. INC., a California corporation, DBA Aloha Braces, hereinafter referred to as "Tenant."
RECITALS
A. Landlord and Tenant have entered into an Office Lease dated as of March 15, 2016, as amended by a First Amendment to Office Lease dated September 3, 2024 (as amended, the "Lease"), for certain premises which are located on real property which is legally described in Exhibit A attached hereto and incorporated herein by reference (the "Premises"). Copies of the Lease and First Amendment to Office Lease are available for public inspection at Landlord's office at 415 Diamond Street, Redondo Beach, CA 90277.
B. The Lease, as amended, provides that a short form memorandum of the Lease, as amended, shall be executed and recorded in the Official Records of Los Angeles County, California.
NOW, THEREFORE, the parties hereto certify as follows:
1. Landlord, pursuant to the Lease and the First Amendment to Office Lease, has leased the Premises to the Tenant upon the terms and conditions provided for therein, generally for the purposes of general dentistry use.
2. Unless earlier terminated, the term of the amended Lease shall expire on September 2, 2029.
3. This Memorandum is not a complete summary of the Lease and shall not be used to interpret the provisions of the Lease.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Memorandum of Amended Lease as of the day and year first above written.
"LANDLORD":
CITY OF REDONDO BEACH,
a chartered municipal corporation
James A. Light
Mayor
ATTEST: APPROVED AS TO FORM:
Eleanor Manzano Michael W. Webb
City Clerk City Attorney
APPROVED:
Diane Strickfaden
Risk Manager
"TENANT":
Piero Quinci D.M.D., M.S. INC.
a California corporation, DBA Aloha Braces
By: QUINCI
Title:
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA
COUNTY OF LoS Angeles
On August28, 20a4 Pherom Quince. Teresa D. Scott, Notary Public, personally appeared → who proved to me on the
basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Name: Teresa 0 → Sco
Notary Public
TERESA D. SCOTT
Notary Public - California
Los Angeles County
Commission # 2479841
My Comm. Expires Feb 13, 2028
EXHIBIT "A" TO MEMORANDUM OF AMENDED LEASE
LEGAL DESCRIPTION
The space is located at 105 West Torrance Boulevard, Suite #100 Redondo Beach CA consisting of approximately 2,303 rentable square feet as more particularly described on the floor plan depicting the Premises in the original lease agreement.
The Premises are a portion of the office and retail development situated on top of the Redondo Beach Pier Parking structure, a structure of approximately 520,000 square feet and over 1,000 parking spaces located at the western terminus of Torrance Boulevard in the City of Redondc Beach.