Case 5:07-cv-04808-JF
Document 42-4
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EXHIBIT I
Case 5:07-cv-04808-JF
Document 42-4
Filed 06/18/2008
Page 2 of 45
RECORDING REQUESTED BY Fi hS r Ar.ER~AN TITLE
2ØØ7-ØØØ32EE7
..~, m 11111/11 11111111111 1111111
I
IfofJ - ;?1tJl) Icq
R~~¡¡,.dil\g R~ques(ed and \\ï\i:11 R.e:\.ortkd RetUrn To:
Official Records I
Recoroed I RE FEE 7~. æ
County of i San Benito I
1\1' '\ ~)i (UUSI Prmllicis LLC
JIE PM WULU2 i cl erk-Recorder I
I
~ ( '"iiinp"inli: Dr., l.PR 4-24J
I "i I'al,iia. C..\ 90623-IO(¡Ci
.'\ 1111, U;¡iiit:1 J. Rolf
æ:~ ~r-207 I Page i of 22
I ùS
b\.ilii:,: :Q461iSCOB(i5975
~?~r. CJ y~Or~ )0 ,,sýt.
6.ì I S,iii hlipt: Ruaù .
;K'5111~ J;' (!ouA&laX
Spai:c AlJovi: four R."ÇoriJcr'l Use Olily
CONSENT TO E:cu:iBRANCE OF TENANT'S INTEREST
1111:- IONSc'iT TO ENCUMBRANCE OF TENANT'S fNTERES1' ("Consent"). dated as of fra l' J-,
21111'. i=' made: by A V A Global Enlerprí5e, LLC., a California limited liability company ("Landlord") in favur of BP
\\I'.ST rOA:)T PRODCCTS 1.LC. a Delaware limHed liability company ("Lender"),
Rt:ciials
,"" Landlord IS the ownèr of thai certain real property located in the City ot H.oIlJs!~r. County of San
lkiiil\l, Si;;te ol California. more p;;rricularly describo:d in Exhibir ",," attached ht:reto (the "Real Property"),
H I..andlurd ¡¡lid STTN Enterprise. (ac" a Califurnia corporation ("Tenant") previously entered I/HO J
c:1,,\llliJ kase daled January 2(0) wiih respt:\.t to the R~al Properly ("Lease"). A "Memorandum of L~ase" shall be
I~""id"d 11\ ihe S¡¡n Beiiito Couniy Ortcial Records,
C. Tenant intends to consmici a gasoline station and convenience s\Ore on (he Real Property or make
,'~lÏalll alteraiiiins to an e:Ùsnng gasoline station and convenience' store. In coruJection therewirh, Ter:anl will be
i"Herin~ inio certain a~reements with Lender to sell AReO-branded gasoline at the gasoline station and opera
Ie the
c'IJJ\~iiitf" swn: as an am/pm mim market franchise. The Real Property as improved with any existing or future
1111I'¡''''':l1elll, ih~n::on shall be referred to herem as tho: "Property,"
lJ T èl\;¡ii¡ has requested thai Lender make J luan (Llu: "Luan") to Tenaiit in the ¡¡mount of up to Four
1IIII1drcJ Jnd "0/100 Dollars (5400.000.00) in coono:ciion with such consrruction or renovation, The Loan shall be si',:\lr~d by tlm cerrain Deed uf Trust wiih Assignmeni or Rerrs, Security Agreement and Fixture Filing dated as ol C'. en dale berewiill ("Le:asehold Ytortgage:"), which Leasehold Mortgage shall encumber Tenant's leasehold estate in
ih\' 1'1 upcny, Tho: Leaso:hold Mongago: ¡¡Iso encumbers Tenant's personal property, including, but not limited to. all
rrlc'r~llaiidise. equipment, fixnnres. furnishings, furnitUre, machinery, inventory, tools and other property of Tenant
I",':lled at rr used iii conm:crion with Tenant's operations upon the Propert, together with all additions.
slIlls¡iiutilJns. rèplacemo:nis and impruvemems to the same, whether now owned or hereafter acquired and the
pni~c:~d~ clliJ pniducis ihereof(colleclive!y. ihè "Personal Propo:rty").
t.
ihe' Li)¡¡11
Temiri has requested ihat Landlord èX~CUie and deliver this Consent 10 Lender as a conditiun In \ ,and\ord ai.knowieJ~t:s thai Lendcr would nut make the Loan to Tenant in ihe absence of this
:\::i-""l.llh:iit.
A~reemeni
\;11\\ IH EREf'ORE. Landlord agrees as follows:
I Consent to Lcasi:hold Morr¡;al!c, Landlord hereby consents 10 iho: recurding of the Memorandum
\11 I~as~ ami 1l. iho: ~nctlmbrance ofTenants imcrest in ¡he Lease and the Propert by means of tht: recording or ¡he
1'"1"'1.' \'hJltg.ag.t'
THis document signed in Counterpart
.'\~Jfi i t lll\SC:111 "I !:~IH:un,hrance ol Tcnl1nts (nicn::-l vl.doc
.-s.:ripcion: San Benico,CA Documenc-i'ear.DocID 2007.3267 Page: i :d¿r: ¿ee Conuenc:
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1 ß!reseniations and Warrntie:s of l_andlord. Landlord hereby n:pn:sems aDd warrants (0 Lender
ib(: (J) Landlord is thi; owm:r of (he Real Property, (b) (here an: no mortgages and deeds of trust encumbering
'i.;indiurd' Sl nie:rest in the Real Proper!) except as otherwise disclosed on Exhibit 8, (e) the Lease is unmudifie:d I ~.\~.:pi as shown on Exhibit C) and in full force and effect, and (d) to the best knowledge of Landlord, neither
Tenaniiior Landlord is in default under any of the terms, covenants or conditions contained in the Lease nor has any
~\'~iii ùccurred which would, with the passage uf time, or the giving of notice, or both, constirute a default Linder uny
,,¡' ¡he icrms, ciivenants or cnnditions contained in the Le:ase,
\ Amendnne:nts. Unltss Lender otherwist: consents in writing, such consent nor ¡o be unreasonably
,,--tllll~ld \Jf ddaycd, (a) the Le:ase shall not be amended or otherwise modified. and (b) except as otherwise provided
~I\ ;-c'.;lii1'\ :i \\t'lo"
, the: Lt:ase shull iiot be canceiled. terminated or surrende:red prior to the expiration of ¡he term
Illl'I~(\1
.., Lendcr's Ril!ht (o Rect:ive Notices, Landlord shail use its best efforts 10 mail or deliver w Lender
i ai ih~ address set forth in Section lJ below) a duplicaie copy of any and all ootices (individually, a "Detauii NlJtlce")which Landlord may from time to time ¡;ive co or serve upon Tenant pUrSUar1.lto the provisions ofth.e Lea.e. Jiid s\lch copy should be mailed or delivered to Lender simultaneously wirh the mailing or delivery of (he same 10
Ttl1;!lii
. Condiiions 011 T~rmina¡iol\ afferTen;:nl\ Default. If Tenant
shall default under the ¡.ease or reject
!Ill' I.OSl' 111 a proceeding under il U ,S.C or if any other evenl shall occli (hac would permii Landlord 10 teriiinaie il,, L,',i:'c" (ur ¡ICCepl a ,urreiider vI' lerrriiation uf (he Le:a~e by Tenant) ur exercise an;, oiher rights ür rennediö Uii,ki ihe Lc"a,e (any such ddauli. rejection, or othe:r event being rdelTed to herein as a "Ten;:nt Defuult") and i ,'nailt shall I'ailtu curi: such Tenant Dttault wiÜÜn ;Jny applicable grace period provided in the Lease:, Landlord ;!öre:c:: Il1al l.andlord shall noi terminate or accept a surrender of the Lease or otherwise enforee any 01' its rights or 1'\.l1ic'uie:s under (he Lease as a result of such Tenant Default unless (a) Lender shaD have received wrirren notice or
"ich T ~nann Dccauli, and (b) Lender shaH have failed to rcmedy such defauli or acquire Tenant's leasehold estate ot
commence foreclosure or other appropriatc proceedings in thè narure thereof. all as set forú in. and within the tIme: sp~ciiìed by, Section 7 below,
tJ. Lender's RiLdll to Perform on Behalf of Tenant. ¡.eiider shall have the right, but not the
"hli~alll1n. ai any iime prior to termination of the Lease and without payment or any pe:na!iy, to pay all of (he rents
,Iut uiidèr iii.. Lea't:, to dTe:ct any insurance. 10 pay any iaxt:s anti assessrnents, 10 make any repairs and
11l1prr" e:l1enls. and 10 do any aci ur ihing whic,h may be necessary and proper to be done in the pertorm;nce and ,lb';tr\";\\1~e or T ènants ob\igatton~ und.:r the Lease to prevent termination or the Lease. All payments so made and
ail IhJ\I~~ su diine and perfommed by Lender shall be as effective io prevent a termination or the Leas\: as ¡he same:
""iill! ha\'l" bt.i: if made, done:. and performed by Tenant instead of
by Lender,
'. Lender's Right to Cure Tenant's Defaults. If any Tenant Default occurs, and if the Tenant Default
¡, "i(h ¡hai possession of the Property may be reasonably necessary to remedy ¡he Tenant Default.. Lender shall h;J\'~ until ihe: tenth (10th) day atier expiration of the applicable cure period specified in the Lease or in any Defauli !'nrie:.. I whichevcr is longer) within which to remedy such Tenant Default. provided that (a) Lender shall have fully
~urcd any delimit in the payment of any monetary obligations of Tcnant under the Lease within sU\:h ten.( \ 0) day
f1,'rilll! and shall continue (0 pay currently such monetary obligations as and when the same are due and (b) Lt:nder sll;111 h.i\c aC'1ulrcd tenant's leasehuld estate created by the: Lease or commenced foreclosure or othel apprupriate:
priici:dirrgs in ihc: nature thac:ut within such period. or priur thereto, and is diligently prosecu(iig any ,uch
11\1,'~c:d\ngs, All rrght of Landlord 10 terminate the Lcase as the result or the occurrence of any such Tenant Defaull
,I,all he ,ubJcc! (0, and conditioned upon. Landlord first giving Lender a written notice of any such Tenant Default
~'itl I.i.iider (';Jilin!; (0 remedy such default or acquire Tenant's leasehold estate created by the Leasè or COrTt:nce I',,, ~l'll1surc or !)ilier ~pproprrate proct:edings in ¡he natUre ¡hereof as set torrh in and the within times speciffed by ihio SeUioli 7
~, Tc:n¡¡nt Defaults Which Cannot Be Remedied. Any Tenant Defauli under the Lease which in ihe:
11;11111": tht:re\Jl ~annol bt: remedied by Lmder shall be deemed to be n:mcdied if (a) within ¡eo (\ 0) days arter ~'''jliraii''n or iht: applic,ablc cure pi:riud ,pel'iíícd in ihe Lease or in any notice of Tenant Default (whichever is
i.,llg,'II, or prim thercw, Lender shall have acquired Tenant's le'J,ehold estate created hereby or shall have
2
~::.:" i \"\ln~c"ll() tn~uinbrani.c Qrl~mim', Interest vl.doc
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\.l)iiiiiiciict:d and is diligenrly prosecuting forcclosun: or other appropriate proceedings in the nature thereof; (b)
i.~iidt:1' shall have tully cured any default in the payment of any monetary obligations of Tenam under the Lease ',,'hii:li do not require: po~~ession of the Prope:rt; and shall continue to pay currently sueh monetary obligations as the Property, Lender performs all other obligations or ami wheilihe: same are due anti (c) after gaining possession of
r"I1~ii1l \liider ihe I.t:ase as and when the sarne are due.
lJ, Tollin\! or Forei:losun: Time Periods. If Lender is prohibite:d by any process or injuiiction issued
h" :Jny coun or by rcason of any action by any court having jurisdiction of any bankrptcy or insolvency proceeding 1I\'lliI'Ing Te:nant from commeneing or prosecuting foreclosure or other appropriate proceedings in the nature illi:r.:ot. (he time periods specitied in Sections 7 and 8 above ror corre:ncing or prosecuting such foreclusuCt or . mhi:r appropnate proceedings shall be extended for the period of such prohibition. However, Lender must have Ten ant under the Lease and shall coiiinue to lully i:\lred any default in the payment of any monetary obligations of
pJV (urrenilv such monetary obligations as and when the same fall due,
10 Nondisturbance of Lender's Possession; Lender's Liabilitv and Rights, Foreclosure or a
I :,\';~hùlu MurtgilgC, or any sale thereunder, whcrhcr by Judicial proceedings or by virtue of any power contained 11 the Li:;)~.:holù Mortgage, or any convt:yance or the leasehold estate created by the Lease from Tenant to Lender
Ilii(lll~li. or in lieu or. ror~cIosure or oiher approprra(e proceedings in the nature thereof. shall not rt:qu1rt: tilt: consent lIl LallJlunJ ur constttute a breach or any provision of or a default under the Lease, Upon such for~closuæ, salt:, or
,'UI1\,,:y¡Jllcr. Landlord shaH recognize Lender. or any ocher foreclosure sale purehasrr. as tenant under the Lease, If
i.:mkr becomt:s ¡he tenant under ¡he Lease. (a) Lender shall have the same rights as Tenant with respcct to any
ullnc:r;:ísed rxlt:ns¡on options, rights of tirst refusal, righrs of tirst offcr or purchase options contained in the Lease,; I¡,I I.ender ~hall be: persunally liable lor ¡he obligations oìTe:nant under the Lease only for tht: period of time ¡hai 1..:lIJer ri:m;)ins (t:nam thereunder: and (c) Lender shall have thc right to assign the Lease to a nomineè or assignee l1; 1'C:llder, subjeci to Landlord's approval, which shall noi be unreasonably withleld or delayed. without Lender
:1s,;ultiing ¡he: obligations of Tenant under the Lease. If Lender subsequently assigns or transfers its ¡meres! under
ihe Lta~e after acquirin¡; the same by foreclosure or deed in lieu of foreclosure, aiid in connection with any such
a,iignniCnl or transfer Lender takes back a mortgage or deed ofirst encumbering such le2.sehold interesi to secure a p\1ninll of ¡he purchase prrcc given to Lender for such assignment or rransfe:r, then such mortgage or deed of trust
shall ho: considered a Leasehold Mortgage as contemplated under'
this Section 10 and any other provisions of this
C"!1:;ent ini.:nded for the benetit of Lender.
(a)
Lender
\ \ Ri~h\s in Personal ProoelTv, Landlord acknowledges and agn:es that all Personal Property of
l~lI,llil \\ht'lho:l' ur not aftxèd to thi: Propert, and noiwithsianding aiiy Least: provisions to ¡he cuntrary. shall
1'\'111;) 111 persunal property and shall not be subject to any lien. claim Of other interest of Landlord. Landlord consents
10 Ille installation of the Personal Property on the Property, agrees thai Lender may do to and with the Personal
f'nnpe:rry any or all of the acts below enumerated, and grants Lender a right, as set forth below, to t:te:r il1o piisoi:ssiun 01" the Properry to do any or all of the following (the "Permtled Actions") with respect 10 the Personal I'iupcrry: a$scmble, have appraised, display, sever, remove, maintain, prepare for sale or lease, advertise, inspect,
rrpair. Icase. ¡ransfer. and/or sell (ae public auction or private sale). Lenùer shall have the right to e:ntcr into and to up to one hundred twenty 11(\.upy the Property, for the purposes described above. for an actual occupancy period of Ii;)",', i at L.ender's discretion), provided Lender has cured any monetary defaults under the Lease as provided abov.: 111 :-~L'lllJnS 7(a) and 3(b). following the later of: (a) Landlord placing Lender in possession of the Propert~ and (b)
~b"nduiimerr ur sUITender of the Propert by Tenant. whether volulHary or involumary, Landlord shall be
reiiiiblllöc:d 1'01', or Lender shall cause 10 be repaired, at iiö expense, all physical damage to the Propert caused by
ii" reJlo\'al 01"
(he Personal Propeny, Landlord acknowledges that at any iime prior (0 Landlord placing lender in
P\1",'s:;"in ol ¡he Property, or abandonmerr of or sum:nder of the Property by Tenant, Lender may take any or all of 1!le f'erl11iiied .'\i.iion~ öubject only to Le:nder's a!:rcemcnts with Tenanr.
i 2, ~olices. Any notice required or permtted tu be given to any party under this Agreemenr shaH be
III \\ r11111L; JI1I1 shall be given by (I) facsimile transmission, (ii) certified l1ail return receipt requested, or (¡ii) hand "kIIV,i-::. Jddri:$sed as follows',
:"..:.:(\ I t. nrl;;CI1I l,,) Encuiiibr:.nci: ol Tc:nünl' s 1 nlcrc:si v l.di.H':
171
!esc::iption: San Benito, CA Document -Yea::, iJocID 20Q7. 3267 .cage: 3 of 22 :rear: eee Comment::
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(a)
If to LandloTd:
A V A Global Ente:rprise. LLC,
63 i San felipe Rd. Hollister. California 95023 Attention: I"azim M.N, Faquiryan Toan To Tao To . Sayed M.N. Faquiryan
la¡;siinilc No.:
(b)
i I' \0 Lender:
BP West Coast Products LLC 4 Centerpointè Drive
La Palma, California 90623-1066
ACle:ntion: Site Acquisition Manager
Facsimile No.: 714-67Q-j 178
S",'ii iiotlc~, shall be deemtd rt:¡;eiv¡;d (i) UpOJ1 delivery, if delivered by hand or by facsimile rranslTssion (with ~.iiiiirl\al\(jr\ .)1' ffCt:lpl). ur (ii) t\l!t:t days after having been deposited iii the U.S. maiL. postage prepaid. if mailed, .\ii~: ¡¡:irt:- may change its address for J1uti¡;e hereunder by notice given as provided above.
13 eounterpam, This Consent may be executed in any number of counterparts, each of which shall
u\I\:;li¡ule OJ1e originaL. but all such counterparts taken iogether shall consiitute one and the same: instrument.
I..
i .riall
\:5 Sncc¡:ssors and Assi':ns, T\lI r:onsenl shaU inure to the benefit of and be binding un the parties
TermnalÌon ot this Consent. This COJ1sent shall automatically terminaie upon full rt:paynienl ol
h,'i,;i" am! illi:!r respec(jvc Sillct:ssors aiid assigJ1s.
16, GovcmiJ11! La", This Consent shall be governed by and cunstrued in accordance with the laws uf
111l Siat,' ,iI'Califorria.
17, Entire Agreemenr. This Conse:ni connains all of the: agre:ements and understandings between the
p;;nies with n:spcct to the subject matter of this Cons~nt. All prior oral or Mirten promises, representations. .1g.reC'l1enIS or understandings. express or implied, in correction with the subject matter of this Consenr are
~x¡¡rL'ssly merged herein and superseded hereby. In the event of any conflict between the terms and conditions
,;iiiii..ined in this Consent and the ierms and conditions
contained in the Lease. rhe terms and conditions contained in
II"" ("¡iisen! ,hall prevaiL.
i:'. Attorney's Fees, rf any lawsuit. referen¡;~ or arbilTation is commenced which arises out of or
\,'''10 Iii ihis C\)nS~nl. the prev;;iliiig, p;;rry shall be entitled 10 rccover from the other party such sums as the CUllrt.
'''i''',, III arbitrator may adjui.~e 10 be reasonabh: attorneys' fecs in such action.
in addition to costs and expenses
"iki iv"e al\iiwed by law,
1'\ WiT'\ESS WHEREDr, the parties have exeeuted this Consenn as of the date first written above,
SIGNATURES ON FOLLOWING PAGE
4
,~: .1, i C:,)I\SCnl II) Encunnbmnee or T cn::nc' s Interest v I ,doc
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"i ,\\I)l.OfU"
:\ \',", (jL013AL ENTERPRISE. LLC.,
a C.':ilitornia corporation
13\
.):iyed :Vl.~. Faquiryan
~~~
lJO Ti\
u:.
!~b..~II\
lùaii To--
~.-~17- -,
SJyed M.N. Faqqir~
.J( iIU:l:D A.'JD ACCEPTED 8Y:
'lIN.,\NT'
STTN ENTTRPRISE, INC., J \ 'Jlili1rnia curporaiiuii
i,......~.~ i~.,~~
'hiin S.N ' Fatjuiryan
1'J'~~ld":J\iiCE(J
i
SJy.:d ~I.N. FJljuiryan
S,,~rciary ~Ild Treu~un:r
"i I':\IJER."
III' WI:S'\ COAST PRODUCTS LLC.
.1 \'el'....\'ar~ limil~d habiliiy ~om¡¡;;ny
iI..
.. .....
.le:T \'1. CJI'Y
"-------
\' ICt Pr.:sidc:nn
5
, ~.H1 ~ ¡ \)IHi~1)1 lL\ L\lcui"hr~nc~ u( T ~11\nt' ~ Inleresl \' I.duc
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LJndlords Lender's A"reemenn
..._---~\~ _.- a ~ ~ .. '~r~ ("Landlord's Lender"), iOl:etller
',i 1111 .111 liS siic~~ssors and assi!:ns and together with any pa~ obtains title to the Real Property by means ur a i'urL'ckisurc. a d~ed in lieu of foreclosure, or otherwise, hereby agree that upon obtaining litle to the Real Property II'JI L i) ;¡ny and all or such parties obtaining ti¡le to the Real Property shall be bound by all of the terms. covenanns.
-:.mJI i ions and agreements concained in ihis Consent as if such party wert: the Landlord hereunder and (ii) upon
I.encki or a succ~ssor or assign or Lendcr obcaining Tenant's interest in the Lease. by means of foreclosure, an JSSlgilinen( by Te:nant in lieu of foreclosure, a new lease being entered into, or Otherwise, that Lender and Le:ndc:rs'
PJ''! icipanis and rheir successors and assigns shall succeed to the Tenant's interest in that certain Subordination,
\iii¡.¡¡isturbance and Anornment Agreemc:nt executed between Landlord's Lender and Tenant comemporaneously h~r"wiill as i r l.end~r w~re th~ original tenant under such Agreement. The terms of sueh Subordination. Non-
I )bimb;¡n\.t: and Aiiornnnent ¡\I:reement shall not he amended or iiodifft:d without Lender's prior wrinen conseni.
"LA~DLORD'S LENDER"
'1\~
By:
Its:
(Printcd Name and Tiilel
6
,2"(i \ Con~Cl1i I" Encumbrance orTcnan!'s Intercs! v I ,doc
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ACKNOWLEDGMENT
1\1 ''1i:iit: iif Cali rr
ia
( '"iini '¡ ol
" iv'o¥'f ~",~\¡G
If t~--' personally appeared
~., personally known to me (or proved to me
iHI rll.: basi9' satisfai:ioryevidt:nce) b e per (s) wllose name(s) is~ subsi:ribed to the within instruim:rr
",ill ;¡d:nowledged co 1m: that he/~y exe:cute:d the: saiicin hisJ~wr¡'hi:;r authorized capaçity(iesJ. and tharby hi.;.\~,tll~ii signalun;(s) on)lle instrument ihe persol1(s), or the entity upon behalfolwhiell the pcrson(s) acted,
"','ciii~clillt: iii,;inimeiii.
\\'lIS¡:SS in; hand ami ot!kial se:aL
, ~~
~ ,-"P;-? ~Z~::2.::~.' -i:;i~ii&&",',,), -'--. . "
~
sota fØ CQ(' Ciao Co 1~61 ~Cc~.u 13.
. Nola' Pu . Cc:
ACKNOWLEDGMENT
:-Uic: "ll;¡litllmia
( "\iiwe iif '..,.)ì..f f/
'~ . / 6- r¿ ;I
¡..l f '1
,
l?u. b\ \ c.
, personally appeared
/" , personally known to me (or proved to me
Oil iii.: hasi ot satisfactory e ¡den to be e person(s) whose name(s) is/~ubscribed to the within instrument
Jiid acknuwledged to me thar hc~y executed the same iii hiS/Àer.r¡fI~ir authorized capacity(ies), and that by
IIIS \\¿r.111: signature(s) on
the instrument ihc person(s), or the entity upon behalf of which rhe person(s) acted,
n,'niied tlie iiistnimcni.
\\,1 r\(SS Il" IIand and olTicial seaL.
,-' -- ~~:? -~i-:~"~ -~
\ "i\!Il;iiure) --"'C,"
7
~ ""lil ':\insi:IH 10 (;I1cumbrani:i: Tc:n::nn iif
's Iniercsi v I ,doc
:',,s.;=ipccon: San Benico,C.A Docurneni:-Year,DocID 2007.3267 Page: 7 of 22
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ALL-PURPOSE ACKNOWLEDGMENT
i
f0o\~11\ ¡r.
SlGNëRISi
011
before me,
pcrsorwlly appeared
~pcrSOrH1liy known to me
- OR -
o proved to me on the basis of satisfactory
evidence to be the person(s) whose name(s)
MINA FAQUIRYAN
is/are subscribed to the within instrument and acknowledged to me that he-hey executed the same in hi~heir authorized
capacity(ies), and that by hl~thè:ir
l -. . Nota' PubU . CcJlom ~
fi. Commlsoo i 1494761 ~
i Scta Ciao Couty f
- - - ~~_~~1:~ J
signatUres(s) on the instrument the person(s),
or the entity upon behalf of which the
person(s) acted, executed the instrument.
~ffd"ISeai
, .' . .' ")r~~v:s;¡C;rWUKë
--
OPTIONAL INFORMATION
The inrormaiion below is not required by !;¡w. Huwever. ii eould prevent fraudulent attachment of this acknowlcd~menl lü an unauLhoriz~d document.
CAPACITY CLAMED BY SIGNER (PRINCIPAL)
o INDIVIDUAL o CORPORATE OFFiCER
DESCRIPTION OF ATIACHED DOCUMENT
TITLE OR TYPE OF DOCUMENT
- - -. - - ---. -ffiiEI.~i
o r,\RlNERiSi
o ,,,nOR1'EY.IN.FACT
NUMBER OF PAGES
o TRUSTEEIS,
o (ilJ,\KDIANICONSERVATOR
DATE OF DOCUMENT
o OTHER:
-..-. ---_. .-
. ------- ..._.._-RIGHT THUMBPR1NT OF
OTHER
i
SI(;;'~:R L.S HEPRESENTI~C:
'...~li l)\: i-i w':\Ol'I:,luH r:l\TrT"ïlh~i
'0 a. .Q
c
SIGNER
- .-_.-.-
~
o
~
VALLEY.SIERRA. HOO.J62.3369
.,P.-\ 51')\)
'e~cripcior.: San Benito,CA Document-Year.DocID 2007.3257 Page: 8 of 22
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Page 10 of 45
ALL.PURPOSE ACKNOWLEDGMENT
..",
9
1 S5..
On
personally..ppeared
~~rSOnalIY known to me
, / c)
,
,d
SIGNl:¡SI
/ (NO ~ ? . ~ I
;; / Y ~ N't'j¡C
- OR -
o proved to me on the basis of satisfactory
evidence ro be the person(s) whose name(s)
i~ subscribed to (he within instrument and
acknowledged to me (hat he/~ll"ltl¡c.-yexecuted
l~~---------~r 01
MINA FAQUIRVAN
~ -.' Nolay Pu . Coi
the same in his/her/t\\r authorized
capacity(ies), and that by hisf.er,ithe.r
signatures(s) on the insuumem the person(s),
or the entity upon behalf of which the
-ii'-- ' Col!on' 1494761 ..
MyCa~ l.l:a
Sclo cc CQ!ty
person(s) acted, executed the instrument.
~~
. OPTIONAL INFORMATION
i:dg.mi:nl \0 an unauthori1.ed document.
WITNESS my hand and official seaL.
. . SIG~E
--
The information below is not required by law. However, ii could prevent fraudulent attachment of this acknowl-
CAPACITY CLIED BY SIGNER (PRINCIPAL)
C INDIVIDLAL C CORPORATE OFFICER
DESCRIPTION OF ATTACHED DOCUMENT
TITLE OR TYPE OF DOCUMENT
1lT1f.iSI
C PARTNERIS.' ",HORNEY-iN-FACT
o o TRl:STEEiS\ o o ('¡HER: -
NUMBER OF PAGES
(; l J,\ R 1)1 A N/CONSERVATOR
DATE OF DOCUMENT
-----OTHER
~ '"
SICNER IS REPRESENTING:
.:-,\;\,~: OF Pl.f.~ol'(~.a oR. I.NTn"'fnES)
RIGHT THUMBPRINT OF SIGNER
1
1
£
õ
,!
"-
,'\P.~ ~i'~)
VAlY.SIERR. 80362-3369
'e~cription: San Benito,CA Documenè-Yea.r.DocID 2007.3267 Page: 9 of 22 'rder: eee Conuent:
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I 0
~:XH1B1T "A"
Legal Descriplion of Real Property
I III: l ,\,\;D ~c¡'EIU.l: TO HEREIN 13ELOW IS SITUATED IN THE CrTY OF HOLUSTER, COUNTY OF ')'\" nE\TlO. STi\ TE OF CALIFORNIA AND is DESCRIBED AS FOLLOWS:
ALl, TH.'\T REAL At\D CERlAIN PROPERTY LOCATED iN lHE ClTY Or HOLliSTER, COUNTY OF SAN BI:\I1'O. STATE OF CAUFO!ù'ÆIA. BEING A PORTiON OF PARCEL 1 AS SAID PARCEL rs SHOIN l.I'U~ THE PARCEL MAP RECORDED f: BOOK 7 OF PARCEL MAPS AT PAGE 59, OFFICIAL RECORDS, ":'l) 8EJ~G rvlORE f'ARTleULARL Y DESCRIBED AS FOLLOWS:
rorvirvlENCING ATTHESOLTHWESTERL Y CORNER OF PARCEL! AS SHOWN UPON SAID MAP;
nll:\,("E ì\ 2 DF.GREES 061'vlfNuTES 20 SECONDS L. 183.48 FEET ALONG THE RIGHT OF WAY OF SAN IT! .ii'r:. ROAn (STATE HWY. 156) TO THE TRLF. POINT OF BEGINN1NG;
iiii-"CE I'"K,()I'v! SAID TR.lIE l'OINT OF 13EGINNI;-'G. CONTIi'iLING ALONG SI\ID RlGHT OF WAY.:\I 2 I)U;~ElS 1J6 MINUTES 20 SECONDS E. 176.48,
Tllc:\CE ~ORTI-EASTERLY ON THE ARC Of A TANGENT CURVE TO THE RlGHl CONCAVE TO THE SOl,:THEAST. HA VING A RADIUS OF 20.00 FEET. THROUGH A CENTRAL ANGLE OF 90 DEGREES 28 \!I'JlI''ES 10 SECONDS. FOR A¡- ARC LENGTH OF J 1.8 FEET TO A POINT ON THE SOUTHERL Y ,,1(¡liTOI' WAY UNEOFCHAPPELLR.OAD,
riii:",n EASTERLY ALO~G SAID RIGHT or- WAY UNL S 87 DEGREES 25 rvlfNUTES 30 SECONDS E
i ..i.~J FEET,
Tiii:"-CI: I,I',.'VI"CJ SAID LINE. S 2 DEGR.EES ü(¡ I'IÌ'fLTLS 20 SECOI"DS W, 222,8i FEET:
lI11:'~CI: N~: DLGREES 2~ MlNUTES \ \ SECONDS \V, 90.03 FEET:
1 1 1 1::- C
1- ì' 7') DEGREES 10 MlNUTES 29 SECONDS \Y. 60.93 FEET:
THE:-CE N "i DEGREES 33 MINUTES 35 SECONDS W, 24.26 FEET TO THE TRUE POfNT OF
8l:(;I~1'i'iG,
,"I'~ i)~ 1-\(JO-040
H
X 2 4(, i C:nii5~1\ I() i:ni:unnbruni:e 01' Tcnuni'o Inrcrcsr v I.doc
. ... .._M . -~-
.'escription: San Benito,CA Document'\'ear.DocID 2007.3267 Pag-e: 10 of 22 'rder: eee Commen t:
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\\
EXHIBIT "S"
Existing Mortgages and Deeds of
Trust Encumbering the Real Property
One Onl~":
l,'''pe,
'\1111,11111:
Blank~i Eiicumbraiict:
$1.925,000.00
Omni Finul1i.iul
I'rrl1
k c( urdt:J
L hi,' "\ ù,
.ìA Vi\ 104
,'2.11, I (,,"se"! 10 Encumhrani:e Qt Tciiuiii', Inncrest v I ,doc
9
'escription: San Benito,CA Docurent-Year.DocID 2007.3257 Page: 11 o£ 22
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\v
I!XH1BlT "C"
Moditications to Lease
Noiie
II)
~ :~r" I: onscm \(' Eiicumbrance of Teiiant' s I merest v I ,doc
escription: San Benico,CA Documenc-Year.DocID 2007.3267 Page: 12 of 22 ,der: eee Comment:
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\~
R.ecording Re:quested and
, When R~corded Return To:
l3P West Coast Products LLC 4 CelHerpointe Dr., LPR 4-243
La Palma, CA 90623. I 066
AM. Daniel J, Rolf Facility: 82461/SCOB65975 63 i San Felipe Road
~ f Hullister, CA 95035 . ) 7 1¡ ~J 9 1'D
s~ Above For Recorder', Use Only
l, c.c.¿'o Vl/or C? 0 c'~.: IJ--
o'
CONSENT TO ENCUMBRANCE OF TENANT'S INTEREST
TTIS CONSENT TO ENCUMBRANCE OF TENANT'S rNTEREST ("Consenn, dated as of --c. .1 2007, is made by A V A Global Enterprise, LLC., a California limited liability eompany ("Landlord") in favor of BP WEST COAST PRODUCTS LLC, a Delaware limited liability company ("Lender").
Recitals
1\, Landlord is the owner of that certain real propert located in the City of Hollister, County of San
(k,iiii', Slale of Cali fornia, more particularly described in Exhibit" A " attached hereto (the "Real Propert").
ß. Lmdlord aod STTN Enterprise, Inc., a California corpuration ("Tenant") previously entered into a gruunu Itast dated January 2005 with respect to the Real Propert ("Lease"). A "Memorandum of Lease" shall be
rt:corded in the San Benito County Official Records,
C. Tenant intends to construet a gasoline station and convenience store on the Real Propert or make
certain alterations to an ex.isting gasoline station and convenience
store. In connection therewith, Tenam will be
entering into certin ¡¡greements with Lender to sell ARCO-braded gasoline at the gasoline siationand operate the
convc;1icncc store as an am/pm mini mark.et tTanchise. The Real Propert as improved with any existing or future improvements thereon shall be referred to herein as the "Propert."
D. Tenant has requested that Lender make a loan (the "Loan") to Tenant in the amount of up to Four
Hundred and Noll 00 Dollars ($400,000.00) in connection with such constrction or renovation. The Loan shall be
sècured by that certain Deed of
Trust with Assignmeiit of Rents, Security Agreement and Fixture Filing dated as of
even dale herewith ("Leasehold Mortgage"), which Leasehold Mortgage shall encumber Tenant's leasehold estate in
the Propert. The Leasehold Mortgage also encumbers Tenant's personal property, including, but not limited to, all
me:rchandisc, equipment, fixtures, fuishings, furniture, machinery, inventory, tools and other propert of Tenant
loeaaed at or used in eonnection with Tenant's operations upon the Propert, together with aU additions,
substirutions. replacements and improvements to the same, whether now owned or hereafter acquired and the
proceeds and products thereof (colleetively, the "Personal Propert"). .
E:.
(11.. Loan,
Tenant has requested that Landlord execute and deliver this Consent to Lender as a condition to Landlord acknowledges that Lender would not make the Loan to Tenant in the absence of (his
A~reeinenl.
Agreement
NI)W. THEREFORE. Landlord agrees as follows:
I, Consent to Leasehold MortRaRe, Landlord hereby eonsents to the reeording of the Memorandum
tJ/' I ,ea~e and tu the encumbrance of Tenant's interest in the Lease and the Propert by means of the reeording of the
Fee Mongage.
This documen t signed in Counterpart
K2...hl Coii,ciii lo Eiieunnbrance "rT~nann', Inieri:st vI,doc
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\~
2. Representations and Waranties of Landlord. Landlord hereby represents and warantS to Lender
that: (a) Landlord is the owner of the Real Propert, (b) there are no mortgages and deeds of trst encumbering Lindlord's interest in the Real Propert except as otherwise disclosed on Exhibit 8. (c) the Lease is unmodified
(except as shown on Exhibit C) and in full force and effect, and (d) to the best knowledge of Landlord, neither T ~nant nor Landlord is in defauli under any of the terms, covenants or conditions contained in the Lease nor has any event occulTed which would, with the passage of time, or the giving of notice, or both, constitute a default under any ur the terms, covenants or conditions contained in the Lease.
), Amendments, Unless Lender otherwise consents in writing, such consent not to be unreasonably
wiihhdd or delayed, (a) the Lease shall not be amended or otherwise modified, and (b) exeept as otherwise provided in S\:~tion 5 below, the Lease shall not be cancelled, terminated or sUlTendered prior to the expiration of the term
iherco (", '
4, Lender's Ricin to Receive Notices, Landlord shall use its best effort to mail or deliver to Lender
(ai the address set forth in Section 13 below) a duplicate copy of any and all.notices (individually, a "Default the Lease,
Noticè")which Landlord may from time to time give to or serve upon Tenant pursuant to the provisions of
and such copy should be mailed or delivered \0 Lender simultaneously with the mailing or delivery of the same to
TenanL
5. Conditiuns on Termination after Tenant's Default. If Tenam shall default under the Lease or reject
the Lease in a proceeding under \ I U,S.C or if any other event shaH oceur that would permit Landlord to terminate
the Le:ase (or accept a sUlTender or tcrnination of the Lease by Tenant) or exercise any other rights or remedies
under the Lease (any such default, rejection, or other event being referred to herein as a "Tenant Default") and
Tenant shall rail to cure such Tenaat Default within any applicable grce period provided in the Lease, Landlord agrees that Ladlord shall not temminate or accept a surrender of the Lease or otherwise enfon;e any of its rights or remedies under the Lease as a result of sueh Tenant Default unless (a) Lender shall have received written notice of such Tenant Default. and (b) Lender shall have failed to remedy such default or acquire Tenant's leasehold estate or commence foreclosure or other appropriate proceedings in the narure thereof, all as set forth in, and within the time
s¡¡ecified by, Section 7 below,
6, Lendei-'s Right to Perform on Behalf of Tenant. Lender shall have the right, but not the
ublig,ation, ¡Jl any time prior to termination of the Lease and without payment of any penalty, to pay all of the rents
due under the Lease, to effect any insurace, to pay any taxes and assessrnents. to make any repairs and
improvements. and to do any act or thing which may be necessar and proper to be done in the performance and
observance of Tenant's obligations under the Lease to pn:vent temmination of the Lease. All payments so made and
all things so done and performed by Lender shall be as effective to prevent a temmination of the Lease as the same
would have been ifmade, done, and perfonned by Tenant instead of
by Lender.
7, Lender's Right to Cure Tenant's Defaults. If
any Tenant Default occur, and if
the Tenant Default
is such that possession of the Propert may be reasonably necessar to remedy the Tenant Default" Lender shall
have untillhe tenth (10th) day after expiration of
the applicable cure period specified in the Lease or in any Default
Notice (whichever is longer) within which to remedy such Tenant Default, provided that (a) Lender shall have fully the Lease within such ten (10) day cured any default in the payment of any monetary obligations of Tenant under
period and shall continue to pay cUlTently such monetary obligations as and when the same are due and (b) Lender shall have acquired tenant's leasehold estate created by the Lease or commenced foreclosure or other appropriate
proceedings in the nature thereof within such period, or prior thereto, and is diligently prosecuting any such
proceedings, All right of Landlord to terminate the Lease as the result of the oceurrence of any such Tenant Default shall be subject to, and conditioned upon, Landlord first giving Lender a written notice of any such Tenant Default and Lender failing to remedy such default or acquire Tenant's leasehold estate created by the Lease or commence fon:closure or other appropriate proceedings in the natUre thereof as set forth in and the within times specified by
~hìs Section 7.
8, Tenant Defaults Which Cannot Be Remedied. Any Tenant Default under the Lease which in the
naiur~ thereof cannoi be remedied by Lender shal\ be deemed to be remedied if (a) within ten (l 0) days after
~:\piraiion of the applicable cure period specified in the Lease or in any notice of Tenant Default (whichever is
loiiger!, or prior theretO. Lender shall have acquired Tenant's leasehold estate created hereby or shall have
2
8246 I C(Jns~111 to Encumhral\:e QrTenanl's Inicresi v I.doc
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/.
\~
i:uinmenced and is djligently prosecuting foreclosure or other appropriate proceedings in the nature thereof; (b) Lender shall have fully cured any default in the payment of any monetary obligations of Tenant under the Lease as
which do not require possession of the Propert; and shall continue to pay cWTently such monetar obligations and when the same are due and (c) after gaining possession of
the Propert, Lender performs all other obligations of
T~nant under the Lease as and when the same are due,
9, Tolline of Foreclosure Time Periods. If Lender is' prohibited by any process or injunetion issued
by aiw court or by reason of any action by any court having jurisdiction of any bankruptcy or insolveney proceeding
i~vol~ing Tenant from commencing or prosecuting foreclosure or other appropriate proeeedings in the nature thereof, the time periods specified in Sections 7 and 8 above for commencing or prosecuting such foreclosure or other appropriate proceedings shall be extended for the period of such prohibition. However, Lender must have
fully cured any default in 'the payment of any monetary obligations of Tenant under the Lease and shall continue to pay currently such monetaryobligation.s as and when the same fall due.
i 0, Nondisrubanec of Lender's Possession; Lender's Liabilitv. and Rights. Foreclosure of a
Leasehold Mortgage. or any sale thereunder, whether by judicial proceedings or by virte of any power contained in
the L~asehold Mortgage, or any conveyance of the leasehold estate ereated by the Lease from Tenant to Lender
ihrou~. or in lieu of, foreclosure or other appropriate proceedings in the nature thereof, shall not require the consent uf Landlord or constirute a breaeh of any provision of or a default under the Lease. Upon sueh foreclosure, sale, or
conveyance. Landlord shall n:cognize Lender, or any other foreelosun: sale purehaser, as tenant undt'r the Lease. Lf
Lender becomes the tenant wwder the Lease, (a) Lender shall have the same rights as Tenant with respect to any unexercised extension options. rights of first refusal, rights of first offer or purehase options contained in the Lease.;
(b) Lender shall be personally liable for the obligations of Tenant under the Lease only for the period of time thai
l.ender remains tenant thereunder; and (c) Lender shaU have the right to assign the Lease to. a nominee or assignee
of Lender, subject to Landlord's approval. which shall not be uneasonably withheld or delayed, without Lender
assuming the obligations of Tenant under the Lease. If Lender subsequently assigns or transfers its interest under
thc Lo:asc after acquiring the sae by foreclosure or deed in lieu of foreclosure, and in connection with any such
assignment or transfer Lender takes back a mortgage or deed of
trst eneumbering such leaehold interest to secure a
portion of the purchase price given to Lender for such assignment or trsfer, then such mortgage or deed of trst
shall be considered a Leasehold Mortgage as contemplated under this Section 10 and any other provisions of ¡his
Consenn imended for the benefit of Lender.
(a)
Lender
i \. Rights in Personal Propert. Landlord acknowledges and agrees that all Personal Propert of
Tenant, whether or not affxed to the Propert, and notWithstanding any Lease provisions to the contrar, shall
remain personal propert and shaU not be subject to 'any lien. claim or other interest of
Landlord. Landlord conseiis
to the installation of the Personal Propert on the Propert, agrees that Lender may do to and with the Personal Property any or all of the acts below enumerated, and grants Lender a right, as set fort below, to enter into
possession of the Propert to do any or all of the folJowing (the "Pemmitted Actions") with respect to the PersonaJ
Propert: assemble. have appraised, display, sever, remove, maintain, prepare for sale or leas, advertise, inspeet,
repair. lease, tnusfer, and/or selJ (at public auction or private sale). Lender shall have the right to enter into and to
occupy the Propert, for the purposes described above, for an actual occupancy period of up to one hundred twenty Jays (at Lender's discretion), provided Lender has cured any monetar defaults under the Lease as provided above in Sections 7(a) and 8(b). following the later of: (a) Ladlord placing Lender in possession of the Property; and (b)
abandonment or surrender of the Propert by Tenant. whether voluntary or involuntary. Landlord shalJ be
reimbursed for. or Lender shall cause to be repaired, at its expense, aii physical damage to the Propert caused by
the removal of the Personal Propert. Landlord acknowledges that at any time prior to Ladlord placing Lender in
possession of the Propert, or abandonmenn of or surrender of the Propert by Tenant. Lender may take any or all of the Permitted Actions subject only to Lender's agreements with Tenant.
12. Notices. Any notice required or permitted to be given to any part under this Agreement shall be in writing and shall be given by (i) facsimile transmission, (ii) certified mail return receipt requested, or (iii) hand
L!~livery. addressed as follows:
~2'¡61 CI.,"s~nIIU i':",:uinbral\c~ orTcllnnls Inli:rcsi v i ,¡Joe
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\ (0
(a)
If
to Landlord:
A Y A Global Enterprise, LLC, 631 San Felipe Rd.
Hollister, California 95023
Attention: Nazir M,N. Faquiryan
Toan To Tao To
Sayed M.N. Faquiryan
lacsimile No.:
(b)
I f to Lender:
BP West COa5t Products LLC
4 Centerpoime Drive . La Palma, California 90623.LU66
Attention:, Sile Acquisition Manager Facsimile No,: 714.670-5178
Such notices shall be deemed received (i) upon delivery, if delivered by hand or by facsimile transmission (with
cunfimmation of receipt), or (ii) three days after having been deposited in the U.S. mail, postage prepaid, if mailed,
Any par may .:hange its address for notice hereunder by r.otice given as provided above,
13, Counterparts. This Consent may be executed in any number of counterpart, each of which shall
cùnstiiute one original, but all such counterparts taken together shall constitute one and the same instrument.
14.
L ,.)~I\
Termination of this Consent. This Cunsent shall automatii;ally temminate upon full re¡¡ayment or
i 5. Successors and Assigns, This Consent shall inure to the benefit of and be binding on ¡he par1ies
hereto and their respecti ve successors and assigns.
l6. Governing Law. This Consent shall be governed by and construed in accordance with the laws of
ihe Siate of Cali fornia. '
17, Entire Al!eement. This Consent contains all of the agreements arrd understandings between the
par1ies with respect to the subject matter of this Consent. All prior oral or wrirten promises, representations,
agreements or understandings, express or implied, in connection with the subject marter of this Consent are
expressly merged herein and superseded hereby. In, the event of any conflict between the temms and conditions contained in this Consent and the tenns and conditions contained in the Lease, the terms 'and conditions contained in
ihis Conserrt shall prevaiL.
Iii. Attorney's Fees. ¡f any lawsuit, reference or arbitration is commenced which arises out of or
relates to this Consent, the prevaH.ng part shall be entitled to recover !Tom the other part such sums as the court, referee or arbitrator may adjudge to be reasonable attorneys' fees in such aerion, in addition to costs and expenses
olherNise ;¡¡¡owed by law.
IN WITNESS WHEREOF, the paries have exeeuted ¡his Corrsent as of
the date first wrirten above.
SIGNATURES ON FOLLOWING PAGE
4
~241J I C onsc11l0 Encumbrance or Tenant') lr\lcrest v I.dClc
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,1
"LANDLORD"
,W A GLOBAL ENTERPRISE. LLC.,
¡¡ California corporation
ßy:
Sayed M.N. Faquiryan
_.-
l:y: -----..
Toan To
Ry:
Tao To
fly: --Sayed M.N, Faquiryan
,'\GREED AND ACCEPTED BY:
"TENANT":
STT ENTERPRlSE. ¡NC..
a California corporation
l-y:
1'azim S,M. Faquiryan President/CEO
Ry: ---
Sayed M.N. Faquiryan
Set:re¡¡ry and Treaurer
"LENDER"
BP WEST COAST PRODUCTS LLC.
;¡ Delawan: limited liabilty company
5
~::4ó I l"ns~nl 10 Encumbrnnci: of Tensni' s Imerest v I ,doc
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~q
Landlord's Lender's Agreement
y\ \ fA a \\ ~ Ú\ ("Landlord's Lender"),togethÚ
with all its successors and assigns and together with any par which obtains title to the Real Propert by means of a foreclosure. a deed in lieu of foreelosure, or otherwise, hereby agree that upon obtaining title to the Rcal Propert thal (i) any and all of such paries obtaining title to the Real Propert shall be bound by all of the tenns, covenantS, conditions and agreements contained in this Consent as if such par were the Landlord hereunder and (ii) upon Le:nder or a suceessor or assign of Lender obtaining Tenant's interest in the Lease, by means of foreclosure, an
assignment by Tenant in lieu of foreclosure, a new lease being entered into, or otherwise, that Lender and Lenders'
panieipants and their suecessors and assigns shall succeed to the Tenant's interest in that eenain Subordination, Non-DistUrbance and Attornment Agreement executed between Landlord's Lender and Tenant eontemporaneously he:rcwi¡h as if Lender were--he original tenant under such Agreement. The tenns of such Subordination, NonDisturbance and Attornment Agreement shall not be amended or modified without Lender's prior written consent.
"LANDLORD'S LENDER".
\¡JJA
By:
Its:
(Printed Name and Title)
ICAii I loii~cni Iii i,m:umhr~ncc ofTcnani' 5 Inleresi y i .doc
6
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r
\1
ACKtJOWLEDGMENT
Siatc llt Californi¡¡
County or
)
) )
0' -_.~o 1 . b,f,,, m'. (7", "" 'U ~ '" \ T') /.-n c?6UC. ''"0''11, 'pp""d
~ Q.fr . , personally known to me (&¡ f!re'ieà :8 '!e
;; tflB aa.i. gf .¡ti. f:aG:tsF'l- ¡:. :d..u(.') to be the person~ whose namc~ i~ subscribed to the within instrment
and acknowledged to me thai he/Sh/thf executed the same in hislR/t~¡r authorized capacity(~, 3ld that by
his~tttr signarued) on the insi:ument the person(¥, or ihe entity upon behalf of which the person(s) acted,
~xecuted the instrument.
WllNESS my hand and official seaL.
- Cols # 1.537.534
Q- s
. c, ~
". ture)
~.-~-. ~~.~~~~i~2~~ ~C~~ f ~(i-- ~ - - ~W.SM; - -
~ -. Nolory PP . CaUlom f
ACKNOWLEDGMENT
Slatc iit'California
Couniy ol
()n --,' - ---' before me, ' personally appeared
. ' personally known to me (or proved to me
on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within insrrument
and acknowledged to me that he/she/they executed the same in hislber/their authoriz.ed capacity(ies), and that by his/her/their signarure(s) on the instrment the person(s), or the entity upon behalf of which the person(s) acted,
executed the instrument.
WITNESS my hand and official seaL.
(Signature)
7
~:!'¡61 Cunsent \u Encumbrance ullenu.ls Interest v I ,due
187
~scri!?cion: San Benito,CA Document-Year.DocID 2007.3267 Page: 19 of 22
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èD
EXHIBIT "An
Legal Description of Real Property
THE LAND REFERRED TO HEREIN BELOW is SITUATED IN THE ClTY OF HOLLISTER, COUNTY OF SAN SENnO, STATE OF CALlFOR."lIA AND is DESCRlBED AS F'LLOWS:
ALL THAT REAL AND CERTAIN PROPERTY LOCATED IN THE Cny OF HOLLISTER. COUNTY OF SAN
BENITO, STATE OF CALlFOR.'\IA, BEfNG A PORTION OF PARCEL I AS SAID PARCEL IS SHOWN
UPON THE PARCEL MAP RECORDED rN BOOK 7 OF PARCEL MAPS AT PAGE 59, OFFICIAL RECORDS, AND BEiNG MORE PARTICULARLY DESCRlBEO AS FOLLOWS:
COMMENCING AT THE SOUTHWESTERLY CORNER Of PARCEL I AS SHOWN UPON SAlD MAP:
THEl'CE N :! DEGREES 06 MINUTES 20 SECONDS E. i 83.48 FEET ALONG THE RJGHT OF WA. Y OF SAN
¡:EL1PEROAO (STATE HWY, \ 56) TO THE TRUE POINT or BEGfNNING;
THENCE FROM SAID TRUE POINT OF BEGINNfNG, CONTTNl,JfNG ALONG SAID RIGHT OF WAY, N 2 DF.GREES 06 MINUTES 20 SECONDS E, 176.48;
THENCE NOfZTHEASTERL Y ON THE ARC OF A TANGENT CURVE TO THE RlGHT CONCA VE TO THE
SOUTHEAST, HAVING A RADIUS OF 20.00 FEET, THROUGH A CENTRAL ANGLE OF 90 DEGREES 28 MINUTES 10 SECONDS, FOR AN ARC LENGTH OF 31.8 FEET TO A POfNT ON THE SOUTHERLY RIGHT OF WAY UNE OF CHAPPELL ROAD,
THENCE EASTERLY ALONG SAID RJGHT OF WAY LINE, S 37 DEGREES 25 MfNUTES 30 SECONDS E
i 46.g4 rEEl':
THENCE LEA VING SAID LINE. S 2 DEGREES 06 MINUTES
20 SECONDS W, 212.8 i FEET;
THENCE N 87 DEGREES 25 MINUTES 1 i SECONDS W, 90.03 FEET;
THENCEN 79 DEGREES 10 MINUTES 29 SECONDS W, 60.93 FEET;
THF.NCE N 4 I DEGREES 33 MfNUTES 35 SECONDS W, 24.26 FEET TO THE TRUE POINT OF
BEGINNING,
APN: OS 1.100-040
8
~2..ú I Coiixeiii 10 En~unnbrancc iilTemuit s IniCrCS! v 1 ,doc
~s~:ipcion: San Benico,CA Document-~ear.DocID 2007.3267 Page: 20 of 22
:"der: eee ç::mrenc:
188
Case 5:07-cv-04808-JF
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;y\
EXHIBIT "B"
Existing Mortgages and Deeds of
Trust Encumbering the Real Property
One Orrly:
Type:
Amount:
f'irin:
Blankei Eneumbrance
51,925,000.00
Omni Finaneial
Recorded:
Doc No,:
3 A Y A i 04
9
H2.H'' I C onscntlo Encumbranec of Tenant's Interest v I.doc
189
~scripcion: San Benito,CA Document-Year,DocZD 2007.3267 Page: 21 of 22
L-der, eee 'Commen t :
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Filed 06/18/2008
Page 23 of 45
'.
EXHIBIT "c"
i/~
Modificiitions to Lease
None
10
~l'lff i Consenn to Encumbr~ncc of Ten
ant 's Inl~re$1 v I ,doc
190
)escription: San Benito,CA Document-Year.DocID 2007.3267 Page: 22 of 22 Jrder: eee Comment:
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Document 42-4
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Page 24 of 45
EXHIBIT J
Case 5:07-cv-04808-JF
Document 42-4
Filed 06/18/2008
Page 25 of 45
SECURED PROMISSORY NOTE (am/pm Mini Market)
FOR VALUE REèEIVED, STT~ENTERPRIS'E~ lNC" a Calí'fornla carporatiqn.(hereinafter refened to as COAST P.RODU;CTS LLC, â Delaware limitcd liability compan)' to BP WEST
"Borrower") herebyj:romises, (0 pay
(hereiriafter rcferredto as "L~ndcr")1 ()r order, on, orbcforc , ,the' principaLslUl of Two Hundred
Twenry Five Theusand and Noll 00 Do'llars' ($225,000;00) (the "Maximum Loan Amount"), or so' much af that. sum as plus: in.terest as specified below. 'lhis Note evidences.a loan ("Note"), may be advanced under this promissory note
("Loan") from Lender to Borrwer.
i, This Notc is secured by a Deed of TWS1 with.Assig!1ment of R:ents, Sccurit), Agreement and Fixture
filing ("Deed of Trust'~) covering certain real
and personaL propci-y, as there,in described (the "Property."). It ¡nay also
be secured by other collateraL. This Note and the Deed of Trut
are, twO or several Loan Documents, as defined and
designated in that eertain Loan Agreement ("Loan Agreement") between Lender and ßorrower, Some or all of the Loan
Documents, including the Loan Agreement, connain provisions for ihe acceleration
or the maturity of this Nott.
Capitalized tenns used herein have the mcanings assigned to them in the Loan Agrc~menl. iiiliess otherwise defined herein
2. Th~ unpaid principal balance of this Note from day to day outstaIIding, which is notipast due, shall Interest will be
bear interest al a ffxedrate of interest equal to payable in arrears on Foiir and Seventy Five percent.4.75%) pe:r annum.
an annual basis beginning on the First Anniversary Daie and on each successive anniversary of make annual principal reduction payments as provided in the such date during the term of the Loan.. ß.Qrrower shall also in accordanee wirh the temis and conditions set Loan Agreement. Principal and interest are subject to annual forgiveness
forth in the Loan Agreemenr.
3. All payments of tllis Notésha:lI bê' made in lawful money of thi: United States of America in
immediately available funds. at Lender's offces at 4 Centerpointe Drive:, Suite 300, La Palma, California 90623-1066, ArtentÎon: Contr;;ct Dealer Loan Administration, or at' such other place or to sueh accoum asthe holder hcreof shall have designted to Borrower in writing,
4. All principal andal\ ~ccrucctand unpaid interest istwerty(20) yeats following shall be diieand payable no later
than the date which
the B~inessO¡xn Date ("Maturiry Date").
5.. lender shall not be required to make anyadVanc.e if that would cause
,he outstanding principal of this
Note tö'..exceed the Maximum Loan AmoUnt.
6.
Borrower may prepay thc' principal balance of this Note, in whole or in
part. at any time' without
penalty.
7. If Lender has not received the the'end of five (5) business .days after five percent (5%) of the overdue payment. In the full amount' 'of any
payment, other than the ffnal principal' payment, qy'
date when due, Borrow.ershall pay a. late -charge to Lender in the amount of foregoing, Borro,wer agrees to pay imerest on any and all addition to; the
date ùntil the date fully paid by Borrower, such intercst to accrue at a Street Journal) p!ùs tw.o pcrc;nt (10/) p.er annum but in Rate"). (the "Default
sums. dllé under this Note from the payment due
rate of interest equal to thc. "prime I1te" (as:epdrted by the Wall no event greater than the maximum amount perrïttedby law
8. From and at1er matuity
of thisNote (whether upon the Maturity Dale,. by acceleration or otherwise),
and any
all sums then due and payable under this Note, including all iinpaid princ:pal~ accrued interest
other sums'
outsnding hereunder" shall bear interest until,paid in full at'the Default R¡¡te~ Co.mpounding of interest may rcsult if.
outstanding.,interest hereunder accrues interest at-the Default
departent should be consulted prior tb each loan' closing to verify tnc:current interest rate approved for B P WC? CD
10..n5. '
Rate.
The interest rate'cucrently. approved far CD Loans:
is 4.75%'pcr anum but is subject to.change~ The J3P 111'(
191
Case 5:07-cv-04808-JF
Document 42-4
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9, If any of the following "Everits of Default" occur1any. obligation of thëholder to make advances under
this Natt: shall terminate, and at the halder.'s apÛon, exercisable iniissob discretion, under this Note all
sums of principal and interest
shall become ïmmediately' due and payable without notice of default, presentment or demand for
or dishQn9r, or other notices or demands, 0,( any kind .91' chamete.r:
payment. protestor' notice of nonpayment
(3) Borrower fiiils to. perform aiiy oblig~tion under this Note amounts due, and does not curc iha:t"fail\.ii \v¡thin five (5) business"days after the
to pay principal, interest or other
date when
due; or
(b)
document) occurs.
(c)
Under
any of the Loan Documents, a dctà.ult or
"Event or Default" (as defined in that
Borrower become~ the subject of any proceeding arising under II U.S.C. ("tnsolvency
Proceeding"),
10, If any lawsuit,. reference or arbÜration is commenced which arises out of or relaies to this Note, the
Loan Documents or ihe Loan,
the prevailing pary shall be entitled .to recover from each othèr party such sums as the
and expenses
court, referee or arbimiior rrayadjudgetO be'reasonable attorneys' fees in suCh action. in addition to costs
otherwise allowed by law, In all other situaclons, including any Insolvency Proeeeding, Bôrrower agrees lo pay all of
Lender's costs and. expenses, including attorneys' fees, whieh may be incurred In enforcing or protecting Lender's rights OJ interests. From tIie time(s) ineurred until paid in full to Leqder, all such sums shall bear ¡merest at the Defauli Rale.
i i.
of that Slate.
This Note is g9vemed by the laws of the State of California, withoui regard (0 the choice of law rules
12, Borrowcr agrees that the holder of this: 'Note may accept additional or substitute security for this Note,
or release any.security or any party liable for this Note,or exlerid or. renew this Note,all without notice to Borrower and
without affecting. the liability of Borrower. .
shall not constitute a waiver of any or Lender's rights, or of any bre3ch, defuutt or failure of condition NOte. No waive.r by Lender of any of its rights, or of anY such br~ach, default or failure of condition unless thewaiyeris eXpressly staed in
13. If Lender delays in exercising orfails to exercíse any ofitsrights underthis.Note, tllat delay or failure
or or under this
shall be effective,
II writing signed b.y Lender. All of Lender's remedies in connettion with this
Note or under.applicablè !awshall be cumulative, aadLender"sex,ercise oÜmy one o.r more. Qfthose remedies shall not
tpnstitute an e1ection of rem.edics.
14. ThfsNote, inures
to and.
Lender; provided; however. ihar BorrQwer., maY' not assign this N'ote or rights or obligations under thc'.Loan Document~, without the
binds the heirs, legal representatives; suceessÖ¡'s å:d asigns of Börrower ái1d its any Loan funds, or-assign or delegate any or
prior
wrtten con~ntorLetlderin each instance. Lender in
this Note, the Deed of
Trust and the other Loan
its !;ole.and absolute discretion roay, at any time, sell, transfer; or assign
Dqcuments,
15. if more
than one pcrson Of enijty arc'signing this NötcasBorrower, thejr obligations under this NOle
s.hal! be joint and several.
IN WITNESS WHEREOf-, this Note has been duly executed and de\jvercd by Borrower as of the date set fort
above.
Sef s"ignatures on the next
page
2
192
Case 5:07-cv-04808-JF
Document 42-4
Filed 06/18/2008
Page 27 of 45
S'TTN ENTERPRISE, INC.,.
a California corporation
By "-.. \ '" .' ~
N~ite: Nazim S.M. Faquiryan Title: CEO.a:nd President
'~."
-'-~~., By ~J~~_.i
Name: SayedM; ,Faquiryan
lit\--: Secretary a(ll Treasurer
3
193
Case 5:07-cv-04808-JF
Document 42-4
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EXHIBIT K
Case 5:07-cv-04808-JF
Document 42-4
Filed 06/18/2008
Page 29 of 45
07-7113015712
05/Ø7/290711:16
FooOW INSTRUC tf 8\ b81 CALY
/I NA" PHNe Of COI\Ci I\T F1lR i~
B. Sf
ucc FINANCCNG 8T A TëMENT
F I LED
iiiaini e,"I~OOio nAn 11I11U l.c..T,.y OF
NO I\CKNWLeDGMEHT TO: t- II Md...,
-IRTiw
em
50s
~110024734
\111111~lmIDI~ 12901H00 IIC I m.uNI
TI ,\V! 5PA.1! is FO FlG ooicc US OM Y
If~ ~~iSearch
SacntO. CA 958 14
1. DEBTORS ex fI ~...i. -- - -- ¡Io or 'bl."""- or-OR , b. MlJV "8 LN /W
Ie. MNHØ
, 1.: 8m E~is, ~, 8 ëa oopaëöi-' .. FC
631 Sa Føølpø Roo
Id. TAX io l:
Hd
CaIf
CA
Of
'g.
US
Ii Çf 9'
IL
10o,...
OR 2biN~'S~rMA
;;M/~~
ld. MaJ . 35N
~ o:
::
Of
B
OI T1
oo
3. SEC1D PAAS tu ¡OO.. 01 TOT.o A-ON "Aæ &01, -., ø- --"' ~ OO ObI
3A ""I2TlQO /W BP WHI Co Pr LLC. . De amii ia co
OR '"
..
FI ""
La Pa
- 04 Cen Dr
4. T1 l- STA--.... ~-.:
"'
Th pr loc at 631 Sa Fe Roi Hor. c:1ll 9!35
Se 5t Sced ii Sd 2.
'"
S. QP f1A ~ cor"
F1HG OI ~., - NAT!O VC F1~G BT 1'''T1:w: \I' UC 1) (R, m'12)
194
Case 5:07-cv-04808-JF
Document 42-4
Filed 06/18/2008
Page 30 of 45
.. I\ ..
G
Debtor: Secur Par:
S'I Enterprise, Inc., a Californa coron
BP West Coast Pructs LLC, a Delawar lirrte liabilty
cs
m
CD
cg
s
company
I\
SCHEDULE 1
lAga1 Deption of Prope
TH LAN REERRD TO HEREIN BELOW is SITATE IN TH CIT OF
HOLLISTER, COUN OF SAN BENO, STATE OF CALIFORNlA AN is DESCRmED
. ~~ T REM, ~D..ERTAIN ,EROPERnWCAff,lN.-J Cl-:r,OF HOLLIST£R,
COUN OF SAN BENITO, STATE OF CALIFORNA, BEING A PORTION OF PARCEL 1 UPON TH PARCEL MA RECORDED IN BOOK 7 OF AS SAID PARCEL is SHOWN PARCEL MAS AT PAGE 59, OFHCTA REORDS, AND BEING MORE P ARTICULAR Y DESCRfED AS FOLLOWS:
AS FOLLOWS: .
SAI MA;
COMMCING AT TH SOU1WSTERL Y CORNR OF PARCEL 1 AS SHOWN UPON
THCE N 2 DEGRES 06 MIS 20 SECONDS E, 183.48 FEET ALONG TH RlGHT OF WAY OF SAN FELIPE ROAD (STATE HWY. 156) TO THE TRUE POINT OF
BEGING;
THCE FROM SAI TRUE POIN OF BEGING, CONTUIG ALONG SAI
RiGHT OF WAY. N 2 DEGREES 06 MITES 20 SECONDS E, 176.48;
THCE NORTHESTERLY ON THE ARC OF A TANGEN CURVE TO TH RIGHT CONCA VB TO TI SOUTST, HA V1NG A RADIUS OF 20,00 FEET, THOUGH A
CEN ANGLE OF 90 DEGREES 28 MITE i 0 SECONDS, FOR AN ARC LEGff OF 31.58 FEET TO A POIN ON TH SOUTHY RIGHT OF WAY LIN OF CHAPELL
ROAD,
THCE EASTERLY ALNG SAID RlGHT OF WAY LIN, S 87 DEGREES 2S MITES
30 SECONDS E 146,84 FET;
THECE LEAVIG SAI LINE, S 2 DEGREES 06 MITES 20 SECONDS W, 222.S 1
FEET;
THCE N 87 DEGREES 25 MIS 11 SECONDS W, 90,03 FEET;
TICE N 79 DEGRES 10 MmS 29 SECONDS W, 60,93 FE;
THNCE N 4 i DEGRES 33 MINTE 35 SECONDS W, 24.26 FEET TO THE TRUE
POIN OF BEGING,
APN: 051-100-00
195
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Document 42-4
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Page 31 of 45
.. N
Debtor: Secur Par:
U1
g)
C9
STf Entese, Inc., a Caiforna corporaon BP Wes Coast Prducts LLC, a Delawae Hmited liabilty
CCmpay
.. Ø)
s S
Q N
SCHEDULE 2
DESCR1ON OF PERSONAL PROPERTY
(a) All personal propert (including, without limitaon, all goos, supplie3,
equipment, pipes, gasline dins, undergww storae ta, futu, fuislùgs,
fixts, mahinery, inventory, and conscton maters) in whch Truor now or
or the constron of any Imprvements thereon, togeter with any inte of
, ,hee,1!ni ii-int-est-tr-ri-whid1"rs 'now or'h~afl:et'loëë on -ör àfeei"to
th R~ Prpey or the Improvements or usd in the operation, use or ocupacy therof
Trur in
and to persna prope whch is lea or subject to any supeor sety intcrest and
all bob, ~ords, leases and other ageements, docents, and instcnts of whatever
kid or charcter, relatng to the Real Prpery, Imprvements, or such peonal prope;
(b) All fees, income, rents, isues, profits, ea, reipt, royalties, an revenues which, af the date hereof and whle any porton of the Obligaûons reais
unaid or unpeonned, may accrue from such perna propert or any par therof or
frm the Re Propert, the Improvements or any other par of the Trust Esta, or which
may be received or recvable by Trustor frm any hig. usiDg, let, leaÍDg,
subhing, sublettg, sublcain. occupancy, o~on, or us theref;
(c) All of Trutor's prnt and futu rights to receive payments of money,
servce, or propert frm or thugh the Rea Prpert or Improvements including
without liitation, rights to all depsits frm teants of the Real Proper or
Improvements, acunts and other acunts reivable, deposit acunts, chattc: pape,
note dr, CCntrct rights, Inents, gener intagibles, and principa, inter and
payments due on account of goo sold or leaed seces rendere, loan made or crt
extnded together with title to or interest in all agments documents, and instents
evidencing, seurg or gutying th sa, afectig or arsing frm or though the
Rea Prpert or the Imrovements;
(d) All other intmgible prope and rights relatig to the Rea Prpert, the Improvements, the persona property desribe in Parph (a) above or the operon,
occupancy, or use thereof, including, without limitation, to the extent assig:ble, al1
goveren and non.govementa pets, liccse, and approvals relaang to
conson on or operaon, ocupancy, or us of the Rea Prpe or Improvements all naes under or by whch the Rea Propey or Improvements may at any tie be
operad or known, all rights to ca on business undor any such nams, or any varant therf, all trade names and trdemar, relating in any way to the Rea Proper or the
Improvements, and all good wUt in any way relatig to the Rea Propert or the
lrprovements;
196
- -_. ~....
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.,
s Q)
(e) Trutor's rights under all inurce policies covering the Rea Prpert,
.. .. m
N
tS SI
CS
N
the Improvements, the Personal Propert, and the other pas of the Tru Estate: and any
and all proceeds, loss payments, and preium refups payable regaing the sae;
Pro~; .
(g)
(f) All resrves, deferd payments, deposits, refuds, cost saving, and
payments of any kind relatng to the constcton of any Improvements on th Rea
All waer stock relating to the Rea Prope;
(h) All causes of action. clai, compenstion, and recoveres for any dme
to, destion of, or condemnon or takg of th Rea Propert, the Improvements, the
, ,..l-~nal~rt~~ 9~,'p~I~- of ,ttç,3.m ~,.or for.JY con:vc.yan in lieu
therf, whether diect or consuential, or for any dage or iDjur to the Rea Prpert,
the Improvements, the Perna Prope, or any other pa of the Tru Esta, or for any
loss or diution in value of the Rea Prpert, the Improvements, the Peronal
Propert, or any other pa of
the Tru Estate;
(i) All arhhtecru, stctu, mechaica, and enginecrg plans and
sped:fcations prpar for CCnsttoii of Imprvements or extaction of oil, minra or grve! frm the Rea Prope and all stues, data an drwigs related therto; and also
all contr and ageements of Trur relatg to the aforesd plan and speifcaons
or to the aforesd stdies, cW and drwigs or to the consction of Improvements on
or extion of oil, minernls or grvel from the Rea Prope;
G) All sales contracts entered into with any pary for the sae of al or any par
of the Rea Propert, includin, without litaoll all amendments, modificaons
exions and sulements theret, togeter wiÙ1 all ~urty, reaton and oth
depsits r~ivw or to be recived by Trur in coimection the-with~ and
(k) Except for the exces, al pr frm sale or disposition of any of the
aforesaid collatL.
As us in ths Schedle 2. the terms "Rea Prope", "Improvements", "Persona
Propert" sh have: the meangs set fort in the Deed of
Trust to which this Sche