Exhibit 10.01
Suffern
July 6, 2007
Xxxxx Xxxxxx
Suffern Place Associates, LP
c/o Decorative Product Source, Inc.
0 Xxxxxx Xxxxx, Xxxxx 0
Xxxxxx, XX 00000
Subject: Exercise of Option to Renew for
period of five (5) years ending August 31,
2013
Premises: SUFFERN, New York, 3 Suffern
Place (Approximately 5,000 square feet as
described in Schedule A, annexed hereto as
such was inadvertently excluded from the May
1, 1998 Lease Agreement)
Lease History:
a. Assumption (and Modification)
of Lease dated September 30, 2003
(the "Assumption of Lease
Agreement")
b. Lease dated May 1, 1998 and
commencing September 1, 1998 (the
"Lease Agreement")
Dear Xx. Xxxxxx:
With regards to the above Lease Agreement and amendments and/or modifications
thereto, by and between Suffern Place Associates, LP ("Landlord") and The RAL
Supply Group, Inc. ("Tenant"), Tenant hereby exercises its option to renew for
five (5) years terminating on August 31, 2013 pursuant to paragraph 1.3 of the
referenced Lease Agreement and amendments and/or modifications thereto.
Landlord hereby accepts Tenant's exercise of its option to renew for the
aforementioned five (5) years terminating on August 31, 2013, the same as if
said option were exercised in accordance with the terms of the Lease Agreement
and amendments and/or modifications thereto.
The validity of the Lease Agreement and amendments and/or modifications thereto
shall be governed by the laws of the State of New York.
All other terms and conditions of the aforementioned Lease Agreement and
amendments and/or modifications thereto shall remain in full force and effect.
If this agrees with your understanding, kindly sign below.
Sincerely, Agreed and Accepted:
The RAL Supply Group, Inc. f/k/a RAL Suffern Place Associates, LP
Purchasing Corp.
By: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxx Xxxxxx
----------------------------------- -----------------------------------
Xxxxxxx Xxxxxx, Executive VP Xxxxx Xxxxxx, Managing
Member (President)
0
XXXXXXX XXXXX ASSOCIATES, LP
TO
THE RAL SUPPLY GROUP, INC.
"Schedule A"
Leased Premises
---------------
The entire building consisting of approximately 5,000 square feet and the lot
associated therewith located at 0 Xxxxxxx Xxxxx, Xxxxxxx, Xxx Xxxx 00000.
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