38-32 ASSOCIATES
c/o Xxxxxx X. Xxxxxx Co., Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
July 7, 1998
BY CERTIFIED MAIL,
RETURN RECEIPT REQUEST
----------------------
24/7 Media Inc.
0000 Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxx Xxxxxxx, Executive Vice President
Re: Lease (the "Lease") dated as of April 30, 1998 between 38-32
Associates ("Landlord") and 24/7 Media Inc. ("Tenant")
Premises: 27th Floor; 0000 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx (the "Premises")
------------------------------------------------------------------------
Dear Xx. Xxxxxxx:
All defined terms used herein shall have the meanings ascribed to them in
the Lease.
Pursuant to Section 43.01 of the Lease we hereby notify you that Landlord
has received an offer from a Prospective Tenant to let the entire 28th floor of
the Building (the "Refusal Space") and offers you the right to include the
Refusal Space within the Premises upon the terms and conditions as are set forth
in Article 43 of the Lease.
The fixed annual rent with respect to the Refusal Space shall be Three
Hundred Eighty One Thousand Three Hundred Seventy Five and 00/100 Dollars
($381,375.00) per annum.
Please sign in the appropriate place on the second page of this letter to
indicate whether you wish to exercise your right to lease the Refusal Space and
return this notice to the undersigned. Pursuant to Section 43.01(d) of the
Lease, you may accept this offer within seven (7) days. If Tenant fails to
accept Landlord's offer or to respond to this letter within such seven
(7) day period, Landlord shall thereafter be free to lease the Refusal Space to
the Prospective Tenant and Tenant shall have no further options or rights with
respect to the Refusal Space.
Very truly yours,
38-32 ASSOCIATES
By:
----------------------------------
Name:
Title:
cc: Xxxx Xxxxx, Esq., General Counsel
Tenant hereby rejects the offer of Tenant hereby accepts the offer of
the Offered Space this 7 day of the Offered Space this 14 day of
July, 1998. July, 1998.
24/7 MEDIA, INC. 24/7 MEDIA, INC,
By: By:
---------------------------------- ----------------------------------
XXX XXXXXXX, EVP
38-32 ASSOCIATES
c/o Xxxxxx X. Xxxxxx Co., Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
July 7, 1998
BY CERTIFIED MAIL,
RETURN RECEIPT REQUESTED
------------------------
24/7 Media Inc.
0000 Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxx Xxxxxxx, Executive Vice President
Re: Lease (the "Lease") dated as of April 30, 1998 between 38-32
Associates ("Landlord") and 24/7 Media Inc. ("Tenant")
Premises: 27th Floor; 0000 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx (the "Premises")
------------------------------------------------------------------------
Dear Xx. Xxxxxxx:
All defined terms used herein shall have the meanings ascribed to them in
the Lease.
Pursuant to Section 43.01 of the Lease we hereby notify you that Landlord
has received an offer from a Prospective Tenant to let the entire 26th floor of
the Building (the "Refusal Space") and offers you the right to include the
Refusal Space within the Premises upon the terms and conditions as are set forth
in Article 43 of the Lease.
The fixed annual rent with respect to the Refusal Space shall be Three
Hundred Seventy Thousand Seventy Five and 00/100 Dollars ($370,075.00) per
annum.
Please sign in the appropriate place on the second page of this letter to
indicate whether you wish to exercise your right to lease the Refusal Space and
return this notice to the undersigned. Pursuant to Section 43.01(d) of the
Lease, you may accept this offer within seven (7) days. If Tenant fails to
accept Landlord's offer or to respond to this letter within such seven
(7) day period, Landlord shall thereafter be free to lease the Refusal Space to
the Prospective Tenant and Tenant shall have no further options or rights with
respect to the Refusal Space.
Very truly yours,
38-32 ASSOCIATES
By:
----------------------------------
Name:
Title:
cc: Xxxx Xxxxx, Esq., General Counsel
Tenant hereby rejects the offer of the Tenant hereby accepts the offer
Offered Space this 7 day of of the Offered Space this 14 day
July, 1998. of July, 1998.
24/7 MEDIA, INC. 24/7 MEDIA, INC.
By: By:
---------------------------------- ----------------------------------
XXX XXXXXXX, EVP
