Option Renewal Agreement for Lease at 3 Suffern Place, Suffern, NY between Suffern Place Associates, LP and The RAL Supply Group, Inc.

Summary

This agreement confirms that The RAL Supply Group, Inc. is exercising its option to renew its lease of approximately 5,000 square feet at 3 Suffern Place, Suffern, New York, from Suffern Place Associates, LP for an additional five years, ending August 31, 2013. All other terms of the original lease and its amendments remain unchanged. Both parties have agreed to this renewal, and the lease will continue to be governed by New York law.

EX-10.01 2 ex10_01.txt EXHIBIT 10.01 Exhibit 10.01 Suffern July 6, 2007 David Berman Suffern Place Associates, LP c/o Decorative Product Source, Inc. 1 Coates Drive, Suite 5 Goshen, NY 10924 Subject: Exercise of Option to Renew for period of five (5) years ending August 31, 2013 Premises: SUFFERN, New York, 3 Suffern Place (Approximately 5,000 square feet as described in Schedule A, annexed hereto as such was inadvertently excluded from 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 and commencing September 1, 1998 (the "Lease Agreement") Dear Mr. Berman: With regards to the above Lease Agreement and amendments and/or modifications thereto, by and between Suffern Place Associates, LP ("Landlord") and The RAL Supply Group, Inc. ("Tenant"), Tenant hereby exercises its option to renew for five (5) years terminating on August 31, 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 August 31, 2013, the same as if said option were exercised in accordance with the terms of the Lease Agreement and amendments and/or modifications thereto. 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. f/k/a RAL Suffern Place Associates, LP Purchasing Corp. By: /s/ William Pagano By: /s/ David Berman ----------------------------------- ----------------------------------- William Pagano, Executive VP David Berman, Managing Member (President) 2 SUFFERN PLACE ASSOCIATES, LP TO THE RAL SUPPLY GROUP, INC. "Schedule A" Leased Premises --------------- The entire building consisting of approximately 5,000 square feet and the lot associated therewith located at 3 Suffern Place, Suffern, New York 10901. 3