ATTACHMENT B
FIRST AMENDMENT TO THE
STANDARD LEASE AGREEMENT FOR
BUILDINGS 553 AND 739
First Amendment to Lease Agreement – Buildings 553 & 739 ComAv Technical Services
SOUTHERN CALIFORNIA LOGISTICS AIRPORT AUTHORITY
FIRST AMENDMENT TO STANDARD LEASE AGREEMENT
BUILDINGS 553 AND 739
This First Amendment to Standard L ease Agreement (the “ First Amendment”) is made this day of February 2024 , by and between SOUTHERN CA LIFORNIA LOGISTICS AIRPORT AUTHORITY (SCLAA), a California joint powers authority, (hereinafter referred to as “ Lessor”) and COMAV TECHNICAL SERVICES, LL C, (“ComAv”) a California Limited Liability compa ny (hereinafter referred to as “ Lessee”).
Lessor and Lessee are sometimes referred to hereinafter individually as a “ Party” and collectively as the “Parties”.
RECITALS
These Recitals are included to provide context for the Parties need to enter into a First Amendment to the Standard L ease Agreement and to understand the basis upon which certain terms and conditions have been included. This A mendment and Recitals are not intended, nor should these be construed, to supersede or amend the specific terms and conditions of this First Amendment, unless as otherwise stated herein.
A. L essor and Lessee entered into a Standard Lease Agreement dated December 30, 2021 (the “Original L ease”) pertaining to the lease of certain premises known as Buildings 553 and 739 at the Southern California Logistics Airport (“SCLA”); and
B. Due to unforeseeable circumstances, including a dramatic decrease in aircraft requiring active storage and maintenance in the post -pandemic economy, the Lessor and Lessee both agree the Original L ease must be amended to eliminate Building 553, which is no longer needed or economically viable for the Lessee; and
D. T he Lessee agrees to extend and expand its leasehold presence in a more critical SCLA facility (Building 720) pursuant to a new lease to be executed concurrently with the execution of this First Amendment; and
E. Therefore, the L essee, pursuant to meeting with staff on January 22, 2024, has requested the Original Lease be bifurcated to exclude Building 553 and Lessee to be released from all Lessee obligations pertaining to Building 553 effective May 31, 2024.
First Amendment to Lease Agreement – Buildings 553 & 739 ComAv Technical Services
AMENDED TERMS AND CONDITIONS
(1) Section 1(a) of the Original Lease is amended herein to read as follows:
(a) The Leased Premises shall include a portion of that certain real property designated as Building 739, located on the SCLA grounds at 18676 Phantom West, Victorville California 92394, comprised of approximately Twelve Thousand Five Hundred Eleven (12,511) square feet of office, storage and warehouse space, together with the improvements thereon, as depicted in Exhibit A attached hereto and incorporated herein by this reference and as of June 1, 2024 Building 553 shall no longer be a part of the Leased Premises and shall be vacated by ComAv; and
(2) Section 6(a) of the Original Lease is amended herein as follows:
(a) Monthly Base Rent. Effective June 1, 2024, Lessee shall pay to Lessor as rent for the Leased Premises the amount of Four Thousand Seven Hundred Eighty-Five Dollars and Forty -Six Cents ($4,785.46) per month (the “Monthly Base Rent”).
Commencing on January 1, 2025, the Monthly Base Rent shall be increased by three percent (3%), and on each annual anniversary of the Lease Commencement Date thereafter during the Term (or during any Option Term exercised in accordance with the provisions of Section 3 hereof), the then-current Monthly Base Rent shall be increased by an additional three percent (3%). All further references to the Monthly Base Rent shall mean and include any such increased amount as calculated under the provisions of this paragraph.
(3) Except as otherwise amended herein, all other terms and conditions set forth in the Original Lease, dated December 30, 2021, shall remain in full force and effect.
END OF THIS PAGE
First Amendment to Lease Agreement – Buildings 553 & 739 ComAv Technical Services
IN WITNESS WHEREOF, the parties have executed this First Amendment Agreement as of the day and year first written above.
SOUTHERN CALIFORNIA LOGISTICS AIRPORT AUTHORITY (SCLAA)
Signature: ________________________________________
C. Eric Ray, Airport D
irector Date
ATTEST:
Signature: ________________________________________
Date
COMAV TECHNICAL SERVICES, LLC. (“COMAV”)
Signature: ________________________________________
Udo Rieder, CEO Date
APPROVED AS TO STANDARD FORM:
Signature: ________________________________________
SCLAA Legal Counsel Date
First Amendment to Lease Agreement – Buildings 553 & 739 ComAv Technical Services
EXHIBIT A
DESCRIPTION OF LEASED PREMISES
Building 739 comprised of approximately Twelve Thousand Five Hundred Eleven (12,511) square feet of office, storage and warehouse space located at 18676 Phantom West, Victorville California 92394, as depicted on Exhibit A-1 and Exhibit A2, together with the improvements thereon.
+/- 12,511 Total Square Feet
Exhibit A-1
Storage Space
Storage Space
Storage Space
Office Space
OfficeSpace
Exhibit A-2
Bldg 739 Bldg 744
Bldg 720
Readiness Street
Leasehold Premises