AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION
STANDARD INDUSTRIAL/COMMERCIAL SINGLE-TENANT LEASE - NET
(DO NOT USE THIS FORM FOR MULTI-TENANT BUILDINGS)
1. Basic Provisions ("Basic Provisions").
1.1 Parties: This Lease ("Lease"), dated for reference purposes only, January 1, 2002, is made by and between
Vernon Associates, LLC, a California limited liability company ("Lessor") and Overhill Farms. Inc., a Nevada
corporation ("Lessee"), (collectively the "Parties," or individually a "Party").
1.2 Premises: That certain real property, including all improvements therein or to be provided by Lessor under
the terms of this Lease, and commonly known as 2727 E. Vernon Avenue, located in the County of Los Angeles,
State of California, and generally described as (describe briefly the nature of the property and, if applicable, the
"Project", If the property is located within a Project) a one story tilt up warehouse building of approximately
147,210 square feet on land including various access easements, as shown on the June 10, 1992 survey by
Mollenhauer. Higashi & Moore attached hereto as Exhibit "A"
("Premises"). (See also Paragraph 2)
1.3 Term: six (6) years and nine (9) months ("Original Term") commencing January 1. 2005 ("Commencement
Date") and ending September 30, 2011
("Expiration Date"). (See also Paragraph 3)
1.4 Early Possession: N/A ("Early Possession Date"). (See also Paragraphs 3.2 and 3.3)
1.5 Base Rent: $ See Addendum Paragraph 1 ("Base Rent"), payable on the first (1) day of each month
commencing January 1. 2005 (See also Paragraph 4)
|X| If this box is checked, there are provisions in this Lease for the Base Rent to be adjusted.
1.6 Base Rent Paid Upon Execution: $None as Base Rent for the period None.
1.7 Security Deposit: $630,000.00 ("Security Deposit"). (See also Paragraph 5)
1.8 Agreed Use: food processing plant and/or sales and distribution of industrial products and operations related
thereto as well as any other legal use that relates to the Subten