Exhibit 10.53
RSL MANAGEMENT CORPORATION
SUITE': 4200
000 XXXXX XXXXXX
XXX XXXX, XXX XXXX 00000
July 18, 1996
Xx. Xxxxxx Xxxxxx
President and CEO
RSL Communications Ltd.
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xx. Xxxxxx:
This is to confirm the agreement between RSL Management Corporation
("Sublandlord") and RSL Communications Ltd. ("Subtenant"):
1. Sublandlord leases to Subtenant certain premises ("Suite VI")
located on the 43rd floor of 000 Xxxxx Xxxxxx, Xxx Xxxx Xxx Xxxx (the
"Building").
2. Sublandlord and Subtenant have agreed that Subtenant shall occupy
Suite VI subject to the following terms and conditions:
(1) The fixed rent shall be One Hundred Eighty Thousand Two
Hundred Twenty Five Dollars ($180,225) per annum.
(2) The Rentable Area shall be 2,670 square feet.
(3) This lease shall terminate on December 31, 1997 however the
Subtenant shall have the right to extend this lease until
December 31, 1998 for a fixed rent of Two Hundred Thousand
($200,000) per annum. The Subtenant shall notify the
Sublandlord in writing by June 30, 1997 if it intends to
extend this lease beyond December 31, 1997.
Please sign and return the duplicate copy of this letter by way of
your agreement to and acceptance of the terms and conditions set forth herein.
RSL Management Corporation
Agreed and accepted BY /s/ Xxxxx X. Xxxxxxxx
RSL Communications, Ltd. ---------------------
BY /s/ Xxxxxx Xxxxxx Name: Xxxxx X. Xxxxxxxx
------------------------------ Title: Treasurer
NAME: Xxxxxx Xxxxxx
TITLE: Chief Executive Officer
