Exhibit 10(b)

SECOND GLOBAL AMENDMENT TO MULTIPLE LEASES

     THIS SECOND GLOBAL AMENDMENT TO MULTIPLE LEASES (this “Amendment”) is made
as of the 31st day of July, 2009 (the “Effective Date”), by and between REX
RADIO AND TELEVISION, INC., an Ohio corporation (“Rex”), KELLY & COHEN
APPLIANCES, INC., an Ohio corporation (“Kelly & Cohen”), and STEREO TOWN, INC.,
a Georgia corporation (“Stereo Town”) (collectively, Rex, Kelly & Cohen and
Stereo Town, “Landlord”), all having an address at 2875 Needmore Road, Dayton,
Ohio 45414, and APPLIANCE DIRECT, INC., a Florida corporation (“Appliance
Direct”), and the “Tenants” as hereinafter defined, all having an address at 397
North Babcock Street, Melbourne, Florida 32935, under the following
circumstances:

     A.      By Leases all dated as of January 29, 2009 (the “Leases”), Landlord
leased to affiliates of Appliance Direct (“Tenants”) certain real property as
more particularly identified on Exhibit A attached hereto and made a part
hereof.

     B.      By Global Amendment to Multiple Leases dated April 30, 2009,
Landlord, Appliance Direct and Tenants amended the Leases.

     C.      Landlord, Appliance Direct and Tenants now desire to further amend
the Leases as set forth below.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Landlord, Appliance Direct and
Tenants amend the Leases as follows:

     1.      Article XXI, Purchase Option, of each of the Leases is hereby
deleted in its entirety.

     2.      Article XXII (M), Option to Terminate, of each of the Leases is
hereby deleted in its entirety.

     3.      Exhibit I to each of the Leases is hereby deleted and the Exhibit I
attached to this Amendment is inserted in lieu thereof.

     4.      Schedule IV to each of the Leases is hereby deleted and the
Schedule IV attached to this Amendment is inserted in lieu thereof.

     5.      By execution of this Amendment, the parties confirm that the term
of each of the Leases is as set forth on Exhibit B attached hereto and made a
part hereof.

     6.      Except as modified by this Amendment, each of the Leases remain in
full force and effect.

     7.      The Leases, as modified by this Amendment, are ratified and
confirmed.

 

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     EXECUTED as of the date first written above.

LANDLORDS:       REX RADIO AND TELEVISION, INC.,   APPLIANCE DIRECT, INC., an
Ohio corporation   a Florida corporation     By:   By:      Name:   Name:    
 Title:   Title:     KELLY & COHEN APPLIANCES, INC.,     an Ohio corporation  
TENANTS:     By:          Name:   Sei Hwan Pak a/k/a Sam Pak, Chief Executive  
   Title:   Officer of AD-Mobile, Inc., AD-Daphne, Inc.,     AD-Gadsden, Inc.,
AD-Auburn, Inc., AD-     Florence, Inc., AD-Decatur, Inc., AD- STEREO TOWN,
INC.,   Montgomery, Inc., AD-Brunswick, Inc., AD- a Georgia corporation  
Gautier, Inc., AD-Greenville, Inc., AD-     Meridian, Inc., AD-Columbus, Inc.,
AD-     Natchez, Inc., AD-Vicksburg, Inc. By:          Name:          Title:    

 

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EXHIBIT A

Store             Number   Location   Landlord*   Tenant   14   7163 Airport
Boulevard   Rex   AD-Mobile, Inc.     Mobile, Alabama         23   Daphne,
Alabama   Rex   AD-Daphne, Inc. 27   Dothan, Alabama   Rex   AD-Dothan, Inc. 24
  Gadsden, Alabama   Rex   AD-Gadsden, Inc. 29   Auburn, Alabama   Rex  
AD-Auburn, Inc. 102   Florence, Alabama   Rex   AD-Florence, Inc. 103   Decatur,
Alabama   Rex   AD-Decatur, Inc. 181   Montgomery, Alabama   Rex  
AD-Montgomery, Inc. 154   Brunswick, Georgia   KC   AD-Brunswick, Inc. 17  
Gautier, Mississippi   Rex   AD-Gautier, Inc. 25   Greenville, Mississippi   Rex
  AD-Greenville, Inc. 137   Meridian, Mississippi   Rex   AD-Meridian, Inc. 138
  Columbus, Mississippi   Rex   AD-Columbus, Inc. 296   Natchez, Mississippi  
Rex   AD-Natchez, Inc. 127   Vicksburg, Mississippi   Rex   AD-Vicksburg, Inc.
*Rex - Rex Radio and Television, Inc.        
KC - Kelly & Cohen Appliances, Inc.
       

 

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Exhibit I
Related Leases

Lease for     Store Number: Location: Landlord   14 7163 Airport Boulevard    
Mobile, Alabama Seller One 23 Daphne, Alabama Seller One 24 Gadsden, Alabama
Seller One 27 Dothan, Alabama Seller One 29 Auburn, Alabama Seller One 102
Florence, Alabama Seller One 103 Decatur, Alabama Seller One 181 Montgomery,
Alabama Seller One 154 Brunswick, Georgia Seller Two 17 Gautier, Mississippi
Seller One 25 Greenville, Mississippi Seller One 137 Meridian, Mississippi
Seller One 138 Columbus, Mississippi Seller One 296 Natchez, Mississippi Seller
One 127 Vicksburg, Mississippi Seller One

Seller Key:
Seller One: Rex Radio and Television, Inc.
Seller Two: Kelly & Cohen Appliances, Inc.

 

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SCHEDULE IV

Store     Number Location Date Rent is Due   14 7163 Airport Boulevard 1st  
Mobile, Alabama   23 Daphne, Alabama 1st 27 Dothan, Alabama 1st 24 Gadsden,
Alabama 1st 29 Auburn, Alabama 1st 102 Florence, Alabama 1st 103 Decatur,
Alabama 1st 181 Montgomery, Alabama 1st 154 Brunswick, Georgia 1st 17 Gautier,
Mississippi 1st 25 Greenville, Mississippi 1st 137 Meridian, Mississippi 1st 138
Columbus, Mississippi 1st 296 Natchez, Mississippi 1st 127 Vicksburg,
Mississippi 1st

 

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EXHIBIT B

Store     Number Location Lease Termination Date*   14 7163 Airport Boulevard
August 31, 2015   Mobile, Alabama   23 Daphne, Alabama June 30, 2015 27 Dothan,
Alabama August 31, 2015 24 Gadsden, Alabama June 30, 2015 29 Auburn, Alabama
July 31, 2015 102 Florence, Alabama June 30, 2015 103 Decatur, Alabama June 30,
2015 181 Montgomery, Alabama August 31, 2015 154 Brunswick, Georgia June 30,
2015 17 Gautier, Mississippi July 31, 2015 25 Greenville, Mississippi August 31,
2015 137 Meridian, Mississippi August 31, 2015 138 Columbus, Mississippi August
31, 2015 296 Natchez, Mississippi August 31, 2015 127 Vicksburg, Mississippi
August 31, 2015

*Subject to Tenants’ right to renew as set forth in the Leases.

 

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