Exhibit 10 (kkkk)
Date (For reference only): May 24, 2010
Joe Wong Family Trust (“Landlord”) and North Valley Bank (“Tenant”) agree as follows:
COMMERCIAL LEASE AGREEMENT
(C.A.R. Form CL, Revised 10/01)
1. PROPERTY: Landlord rents to Tenant and Tenant rents from Landlord, the real property and
Improvements described as: 804 E Cypress Ave, Redding. CA 96002 (“Premises”), which comprise
approximately 100% of the total square footage of rentable space, in the entire property. See
exhibit_______________ for a further description of the Premises.
2. TERM: The term begins on (date) August 1, 2010 (“Commencement Date”). (Check A or B):
x A. Lease: and shall terminate on (date) July 31, 2015 at 11:59 o AM x PM. Any holding
over after the term of this agreement expires, with Landlord’s consent, shall create a month-to-
month tenancy that either party may Terminate as specified in paragraph 2B. Rent shall be at a
rate equal to the rent for the immediately preceding month, payable in advance. All other terms
and conditions of this agreement shall remain in full force and effect.
o B. Month-to-month: and continues as a month-to-month tenancy. Either party may terminate the
tenancy by giving written notice to the other at least 30 days prior to the intended termination
date, subject to any applicable laws. Such notice may be given on any date.
x C. RENEWAL OR EXTENSION TERMS: See attached addendum See attached Addendum
- Option to Extend Term and Rent Schedule
3. BASE RENT:
A. Tenant agrees to pay Base Rent at the rate of (CHECK ONE ONLY:)
o (1) $______________ per month, for the term of the agreement.
o (2) $______________ per month, for the first 12 months of the agreement. Commencing with the
13th month, and upon expiration of each 12 months thereafter, rent shall be adjusted according
to any increase in the U.S. Consumer Price Index of the Bureau of Labor Statistics of the
Department of Labor for All Urban Consumers