EXHIBIT 10.1
April 16, 2002
BY HAND
Mr. Xxx Xxxxxxx
Alloy, Inc.
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx
RE: Lease dated as of November 2, 1996, as modified by that certain Second
Lease Modification Agreement dated as of January 28, 2002 (Second
Modification) between Xxxxx Properties Company, as Owner, and Alloy
Inc., as Tenant, covering portions of the tenth (10th) floor known as
00xx Xxxxx Xxxx xxx 00xx Xxxxx Xxxxx, and the entire rentable area of
the eleventh (11th) floor, (collectively hereinafter referred to as
the "demised premises") at 000 Xxxx 00xx Xxxxxx, XX, XX ("Building");
the lease as modified by the Second Modification is hereinafter
collectively referred to as the "Lease".
Dear Xx. Xxxxxxx:
Reference is made to the above captioned Lease. This letter shall serve to
clarify and modify the Lease as follows:
(a) The Second Additional Commencement Date, as such term is defined in
the Second Modification shall be deemed to be March 18, 2002.
(b) Subparagraph (i) of Article (1)(i) of the Second Modification shall be
deemed deleted therefrom; and subparagraph (h) of Article (1)(i) shall
be revised so that the words "the last day of the eighth (8th) Lease
Year shall be deleted therefrom and replaced with the following words
"and including February 28, 2010"; and
(c) The aggregate amount of the abatement as set forth in Article 2A(i) of
the Second Modification shall be $30,000.00 in lieu of $25,000.00.
Except as specifically modified herein, all other terms, covenants and
conditions of the Lease are and shall remain in full force and effect and are
hereby ratified and confirmed.
Please confirm your agreement to the foregoing by signing and returning all
three (3) copies of this letter for counter-signature. Once fully executed, an
original will be returned to you for your file.
Very truly yours,
Xxxxx Properties Company
By: /s/ Xxxxxxxx X. Xxxxx
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Xxxxxxxx Xxxxx, General Partner
Read, acknowledged and agreed to:
Alloy, Inc.
By: /s/ Xxxxx X. Xxxxxxx, Xx.
---------------------------------
Xxxxx X. Xxxxxxx, Xx.
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