EXHIBIT A
Exhibit 10.34
June 14, 2006
VIA EMAIL
James Sullivan
Penthouse Media Group Inc.
2 Penn Plaza, 11th Floor
New York, NY 10121
Re:
Lease Agreement Between 6800 Broken Sound LLC (Landlord) and Penthouse Media Group Inc. (Tenant) dated November 2, 2004.
Dear Mr. Sullivan:
Reference is made to the Lease.
Tenant hereby agrees to amend the Lease effective July 1, 2006 as follows:
Article1 H. Rentable Area: The rentable area of the Premises shall be deemed 3,533 square feet, and the rentable area of the Building shall be deemed to be 50,809 square feet for purposes of this Lease, subject to Article 34.
Article 1 I. Tenants Share of Taxes: 7.0% subject to Articles 4 and 34.
Article 1 J. Tenants Share of Expenses: 7.0% subject to Articles 4 and 34.
Exhibit A: Amended as attached hereto.
Exhibit D: Amended as attached hereto.
Very truly yours,
/s/ Corydon N. Hill
Corydon N. Hill
ACCEPTED AND APPROVED:
PENTHOUSE MEDIA GROUP
a Nevada corporation
By: /s/ James M. Sullivan
Print Name: James M. Sullivan
Print Title: Chief Operating Officer
EXHIBIT A
Amendment to Exhibit D
Rentable SF | 3,533 |
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Period | Base Rent per SF | Annual Base Rent | (1) | Monthly | (1) |
July - Dec 2006 | $15.45 | $54,584.84 | (2) | $4,548.74 |
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Jan - Dec 2007 | 15.91 | 56,222.37 |
| 4,685.20 |
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Jan - Dec 2008 | 16.39 | 57,809.04 |
| 4,825.75 |
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Jan - Dec 2009 | 16.88 | 59,646.31 |
| 4,970.53 |
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(1) Plus applicable sales tax and CAM. | |||||
(2) Annualized. Period 1 includes only 6 months. |