EX-10.18





 Exhibit 10.18 

FIRST AMENDMENT TO LEASE 

THIS FIRST Amendment to Lease (“First Amendment”) is made and entered into this 24th day of February, 2019 by and between
Chrin-Carson Development, LLC (“Landlord”) and Lulu’s Fashion Lounge Holdings, Inc. (“Tenant”). 
 RECITALS

  

	A.	 Landlord and Tenant entered into a Lease, agreement dated January 7, 2019, (the “Lease”), under
the terms of which Landlord leased to Tenant and Tenant leased from Landlord that certain real property consisting of an approximately 258,232 square foot industrial building and commonly known as 2505 Hollo Road, Palmer Township, Pennsylvania
(“Premises”), and as more particularly described in the Lease. 


  

	B.	 Unless otherwise specifically set forth herein, all capitalized terms herein shall have the same meaning as set
forth in the Lease. 


  

	C.	 Landlord and Tenant desire to confirm the Commencement Date and make other modifications to the Lease as
described herein. 


 NOW THEREFORE, the parties mutually agree as follows: 

 

	1.	 Incorporation of Recitals. The above recitals are incorporated herein and made part of this First
Amendment to the Lease. 


  

	2.	 Commencement Date. Landlord has delivered Possession of the Premises to Tenant. The Commencement Date of
the Lease is hereby confirmed as February 1, 2019. 


  

	3.	 Tenant Improvement Allowance. Landlord has agreed to perform and will perform certain work in the
Premises at the request of Tenant (“Landlord TI Work) in accordance with Section 2 of Addendum 2 of the Lease. The Landlord TI Work will consist of the installation of additional warehouse lighting and installation of electrical conduit,
as more particularly described on the attached Exhibit 1 to the First Amendment. The cost for performing the Landlord TI Work is ninety four thousand seven hundred ten dollars ($94,710), which shall be deducted from the T.I. Allowance amount
described in Addendum 2 of the Lease. Therefore, the amount of T.I. Allowance hereafter available to Tenant shall be three hundred fifty five thousand two hundred ninety dollars ($355,290). Other than the reduction in the amount of the T.I.
Allowance from $450,000 to $355,290, all other provisions of Section 1 of Addendum 2 of the Lease shall remain valid and unmodified. 


  

	4.	 Miscellaneous. Except as expressly provided hereinabove, all terms and conditions of the Lease shall
apply herein and remain in full force and effect. In the event of any conflict between the terms of this First Amendment to Lease and those of the Lease, the terms of this First Amendment to Lease will be deemed to have superseded those of the Lease
and exclusively will govern the matter in question. 














 IN WITNESS WHEREOF, the parties have caused this First Amendment to Lease to be executed as of the
day first hereinabove written. 
  

									
	LESSOR:	 		 	 LESSEE:
			
	CHRIN-CARSON DEVELOPMENT LLC	 		 	 LULU’S FASHION LOUNGE HOLDINGS, INC.


									
					
	By:	 	 /s/ Todd L. Burnight
	 		 	By:	 	 /s/ Crystal Landsem

		 	Todd L. Burnight	 		 	Name: Crystal Landsem
			
	Its Senior Vice President	 		 	Its: CFO
					
	By:	 	 /s/ John W. Hawkinson
	 		 		 	
		 	John W. Hawkinson	 		 		 	
				
	Its Senior Vice President	 		 		 	













 FIRST AMENDMENT TO LEASE – EXHIBIT 1 

 

			
	[logo – QUANDEL QEI Construction]	  	QEI CONSTRUCTION GROUP, LLC

 3003 North Front Street, Suite 201 

Harrisburg, PA 17110 
 P 570.628.5865
| F 570.628.5869 
 nottaway@qeiconstruction.com 

quandel.com 
 sent via email 1-17-19 
 Via Electronic Mail  

January 16, 2019 
 Mr. Todd Burnight 

Carson Companies 
 100 Bayview Circle, Suite 3500 

Newport Beach, CA 92660 
 Re: Carson Chrin Lot 29 

PCO – 017 Additional Warehouse Lighting and IT Conduit 

Dear Todd: 
  

					
	 Additional LED warehouse Lighting, 88 additional light fixtures to account for 2 lights per bay
in the warehouse.
 BEI Electrical
	  	$	78,400.00	 
	 Overhead and Profit 5%
	  	$	3,920.00	 
		  	  
	  
	 
	 Total
	  	$	82,320.00	 
	 Installation of two 4” conduit chases from Electrical Room IT area to office IT Room
	  			
	 BEI Electrical
	  	$	18,900.00	 
	 Overhead and Profit 5%
	  	$	945.00	 
		  	  
	  
	 
	 Total
	  	$	19,845.00	 
	 Installation of two 2” conduit chases from Electrical Room IT area to office IT Room
	  			
	 BEI Electrical
	  	$	11,800.00	 
	 Overhead and Profit 5%
	  	$	590.00	 
		  	  
	  
	 
	 Total
	  	$	12,390.00	 

 Please acknowledge your acceptance of the Warehouse Lighting add of Eighty Two Thousand Three Hundred Twenty Dollars and
00/100 (82,320.00) proposal by signing in the space provided below. 
 Please choose the appropriate conduit size by circling your choice above. 












 Upon receipt of your written acceptance, we will proceed with the work. In the interim, we are proceeding
per our current Contract. Your prompt response will be appreciated. Please do not hesitate to call our office, if you have any questions. 
 Sincerely, 

 

							
	 QEI CONSTRUCTION GROUP, LLC
	 		 	 AUTHORIZATION:

				
	 /s/ Nick Ottaway
	 		 		 	 
		 		 		 	Todd
Burnight                                        
                        Date

 Nick Ottaway 
 Project Manager

 rss 
 Enclosures 

 

	pc 	 Paul R. McMahon Jr and Chris Hermance, The Carson Companies Kevin Snoke, Quandel Construction Group, Inc.















 [BEI logo] 

Change Order Request 

January 9, 2019 
 Quandel Enterprises Inc.

 One West Broad Street, 11th Floor 
 Bethlehem, PA 18018 

Attn: Nick Ottaway 
 nottaway@quandel.com 

Re: Additional Lighting 
 Job Name: Chrin Carson Lot 29 

Job#: 17167 
 Nick, 

We are pleased to present our Change Order for the above referenced job. 

Change Order Inclusions: 
  

	 	•	 	 Furnish and install Eighty Eight (88) additional light fixtures to account for 2 lights per bay in warehouse



  

	 	•	 	 Includes lifts and necessary equipment 



 

					
	 Total Change Order Price
	  	$	78,400.00	 

 Thank you for affording our firm this opportunity. 

Standard Warranty: A 1 year Warranty is provided on all labor and parts sold by BEI Electrical unless otherwise noted above. 

Acceptance of this Change Order The prices, specifications and conditions are satisfactory and are hereby accepted. BEI Electrical Inc. is authorized
to do the work as specified. Payment will be made within 30 calendar days of completed work. 
  

									
				
	Proposed By:	 	/S/ STEVE STATLER	 		 	Accepted By:
		 	Steve Statler	 		 		 	
					
		 		 		 	Title:	 	 
					
		 		 		 	Date:	 	 













 [BEI logo] 

Change Order Request 

January 9, 2019 
 Quandel Enterprises Inc.

 One West Broad Street, 11th Floor 
 Bethlehem, PA 18018 

Attn: Nick Ottaway 
 nottaway@quandel.com 

Job Name: Chrin Carson Lot 29 
 Job#: 17167 

Nick, 
 We are pleased to present our Change Order for the above
referenced job. 
 Change Order Inclusions: 
  

	 	•	 	 Install two 4” conduit chases from electrical room IT area to office IT room 



 

	 	•	 	 Includes pull strings 


  


	 	•	 	 Lifts and necessary equipment 



 

					
	 Total Change Order Price
	  	$	18,900.00	 

 Alternate #1: 
  

	 	•	 	 Install two 2” conduit chases from electrical room IT area to office IT room 



 

	 	•	 	 Includes pull strings 


  


	 	•	 	 Lifts and necessary equipment  



 

					
	 Alternate #1 Cost
	  	$	11,800.00	 

 Thank you for affording our firm this opportunity. 

Standard Warranty: A 1 year Warranty is provided on all labor and parts sold by BEI Electrical unless otherwise noted above. 

Acceptance of this Change Order The prices, specifications and conditions are satisfactory and are hereby accepted. BEI Electrical Inc. is authorized
to do the work as specified. Payment will be made within 30 calendar days of completed work. 

									
				
	Proposed By:	 	/S/ STEVE STATLER	 		 	Accepted By:
		 	Steve Statler	 		 		 	
		 		 		 	Title:	 	 
					
		 		 		 	Date: