Exhibit 10.14
New Windsor
July 6, 2007
Xxxxx Xxxxxx
Xxxxxx Realty, LLC
c/o Decorative Product Source, Inc.
0 Xxxxxx Xxxxx, Xxxxx 0
Xxxxxx, XX 00000
Subject: Second Lease Amendment
Agreement (Additional 1,000 square feet
for a total of 11,000 square feet)
Premises: NEW WINDSOR, New York,
000 Xxxxxxx Xxxxxxx (Approximately
10,000 square feet as described in
Schedule A of 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 (the
"Lease Agreement")
Dear Xx. Xxxxxx:
With regards to the above Lease Agreement and amendments and/or modifications
thereto, by and between Lizzie Realty, LLC ("Landlord") and The RAL Supply
Group, Inc. ("Tenant"), Tenant hereby agrees to amend the terms of the subject
Lease Agreement and amendments and/or modifications thereto as follows:
1. Tenant hereby exercises its option to renew for five (5) years
terminating on April 30, 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 April 30,
2013, the same as if said option were exercised in accordance with the
terms of the Lease Agreement and amendments and/or modifications
thereto.
2. As of July 1, 2007, Schedule A of the Lease Agreement and
amendments and/or modifications thereto is hereby modified and amended
to include an additional
1,000 square feet (the "Additional Leased Space") at an
additional $10,500.00 annually ($875.00 per month) which on July 1,
2008 and each year thereafter shall be adjusted for CPI Index
increases as described in Schedule B of the Lease Agreement and
amendments and/or modifications thereto, except that the Base Month
for calculation of this increase shall be May 2007.
3. 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. Lizzie Realty, LLC
f/k/a RAL Purchasing Corp.
By: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxx Xxxxxx
---------------------------- -----------------------------
Xxxxxxx Xxxxxx, Executive VP Xxxxx Xxxxxx, Managing Member
(President)
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