EXHIBIT 10.2(a)
PLAYBOY ENTERPRISES, INC.
January 12, 1998
Xxxx X. Xxxxxx
00000 Xxxxxxx Xxxxx Xxxx
Xxx Xxxxxxx, XX 00000
Dear Xx. Xxxxxx:
By your countersignature of this letter, you will evidence your agreement to
amend that certain Agreement of Lease made as of June 1, 1979, as amended, (the
"Lease") by and between you and Playboy Enterprises, Inc. ("Playboy"). All
capitalized terms used herein shall have the meaning ascribed to them in the
Lease unless otherwise specified.
To coincide with the change in Playboy's fiscal year, the current term of the
Lease shall be extended through December 31, 1998 and shall continue for 12
month periods thereafter unless terminated as provided under the Lease.
The next consumer price index adjustment to your rent and food and beverage
units will be made on the basis of the 18 month period from July 1, 1997 through
December 31, 1998. A rent update covering the 18 month period will be prepared
within 120 days of December 31, 1998 and you will be billed or credited for
actual benefits received.
The next formal appraisal of your accommodations at Mansion West will be made in
calendar 2001.
All other terms of the Lease shall remain in full force and effect.
Playboy Enterprises, Inc.
By /s/ Xxxxxx Xxxxxxx /s/ Xxxx X. Xxxxxx
------------------------ ------------------------------
Executive Vice President Xxxx X. Xxxxxx
000 XXXXX XXXX XXXXX XXXXX/XXXXXXX, XXXXXXXX 60611/000 000-0000
