EXHIBIT 10.27
December 22, 1998
The Children's Place Retail Stores, Inc.
0 Xxxxx Xxxxx
Xxxx Xxxxxxxx, Xxx Xxxxxx 00000
RE: 0 XXXXX XXXXX, XXXX XXXXXXXX, XXX XXXXXX
Gentlemen:
Please be advised that I represent Suburban Mall V Associates in connection
with the above captioned Lease Agreement.
This letter shall confirm the Landlord's Agreement to extend the term of
your Lease for a period of two (2) months, which extension shall commence on
April 1, 1999 and shall continue through May 31, 1999.
The annual rent to be paid during the two (2) month extension period shall
be FORTY FIVE THOUSAND FOUR HUNDRED FIFTY AND 00/100 ($45,450.00) DOLLARS per
month.
You shall be required to obtain ISRA approval in accordance with the
provisions of Article 15.3 of the Lease and deliver the same to the Landlord on
or before May 31, 1999.
In the event the above terms and condition are acceptable to you, kindly
execute a copy of this letter which is enclosed herewith and return the same to
me in the postage paid envelope which is enclosed for such purpose.
Very truly yours,
/s/ XXXXXX X. XXXXX
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Xxxxxx X. Xxxxx
RKB/in
13740.286
cc: Suburban Mall V Associates
The above terms and conditions are hereby accepted this day of December,
1998.
THE CHILDREN'S PLACE RETAIL STORES, INC.
By: /s/ XXXXXXX X. SILVER
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