Circuit City 2009 Annual Report Download - page 84

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Exhibit 10.13
SC MOTA ASSOCIATES LIMITED PARTNERSHIP
ONE NORTH CLEMATIS STREET, SUITE 305
WEST PALM BEACH, FL 33401
March 22, 2007
Tiger Direct Inc.
7827- B West Flagler Street
Miami, FL 33144
Dear Sirs:
Reference is made to that certain Lease dated September 17, 1998 as amended by certain Settlement Agreement and Mutual Release dated
June 8, 2001 and First Amendment to Lease dated September 5, 2003, (the “Lease”) between SC MOTA Associates Limited Partnership, as
successor in interest to Keystone-Miami Property Holding Corp. (“Landlord”) and Tiger Direct Inc. (“Tenant”) and pertaining to space no. 35
and 33D containing approximately 79,866 s.f. (the “Original Premises”) located in The Mall of the Americas (the “Shopping Center”). This
letter sets forth the terms which we are prepared to recommend to the Landlord in connection with your request to lease certain additional
premises (the “Additional Premises”) in the Shopping Center.
1.
Expansion: Landlord hereby agrees to lease the Additional Premises to Tenant and Tenant hereby agrees to lease the Additional
Premises from Landlord upon and subject to the following terms and conditions:
a)
Additional Premises: Approximately 3,000 square feet contained within the space known as Bay 33C (the “Additional
Premises”) as shown outlined in red on the site plan attached to this letter as Schedule “A”.
b)
Term: The Term of the Lease in respect of the Additional Premises will commence the day following the date Tenant
receives possession of the Additional Premises (the “Additional Premises Commencement Date”) and will expire concurrently
with the expiration of the lease term of the Original Premises (January 31, 2010) and shall have the right to renew as set forth
in Section R-5 of the Lease so the Additional Premises will expire coterminous with the Original Premises.
c)
Annual Rent: During the period commencing on the Additional Premises Commencement Date, and ending on the 31 day
of January, 2010 (both inclusive), Annual Rent in respect of the Additional Premises will be the annual sum of $40,500.00,
based upon an annual rate of $13.50 per square foot of the gross leasable floor space of the Additional Premises. In the option
periods the Annual Rent shall increase at the rates provided in the Lease.
Tel: (561) 835
-
1810
Fax:
(561) 833
-
4118
st