exv10w7






EXHIBIT 10.7



This FIRST AMENDMENT TO LEASE (“First Amendment”) is made this  22nd day of  January, 2009  by and between Enterprise Centre Operating Associates, LP, a
New Mexico limited partnership as successor in interest to Koll Bren Fund VI, L.P., a Delaware
limited partnership (“Landlord”) and Tandy Brands Accessories, Inc., a Delaware
corporation (“Tenant”)




RECITALS:




     WHEREAS, Landlord and Tenant entered into that certain Lease Agreement (“Lease”) dated
January 31, 2004 covering certain premises (“Premises”) containing approximately
42,726 square feet of Net Rentable Area in the building commonly known as Enterprise Centre
(“Building”) located at 690 East Lamar, Arlington, Tarrant County, Texas;



     WHEREAS, Landlord and Tenant desire to extend the Term of the Lease; and



     WHEREAS, Landlord and Tenant desire to amend the Lease to reflect their agreements as to the
terms and conditions governing the Extended Term:



AGREEMENTS:



NOW, THEREFORE, for and in consideration of the sum of ten and no/100 dollars ($10.00) and other
valuable consideration paid by each party to the other, the receipt and sufficiency of which is
hereby acknowledged, Landlord and Tenant do hereby amend the Lease as follows:





	 	1.	 	Term. The Term of the Lease for the Leased Premises shall be extended for a
period of four (4) months (“Extended Term”) commencing September 1, 2009 and expiring
December 31, 2009.
	 
	 	2.	 	Base Rental. Effective September 1, 2009, The Base Rental shall be amended to
read as follows:





	 	 	 	 	 	 	 	 	 
	 	 	Monthly	 	Period
	Period	 	Amount	 	Amount
	09/01/09 — 12/31/09
	 	$	62,308.75	 	 	$	249,235.00	 
	 







	 	3.	 	Tenant Improvements. Tenant hereby accepts the Premises in its “As-Is” condition.
	 
	 	4.	 	No Brokers. Tenant warrants that it has had no dealings with any real estate
broker or agent, excepting Jackson & Cooksey, in connection with the negotiation of this
Amendment, and that it knows of no real estate brokers or agents are or might be entitled
to a commission in connection with this Amendment or otherwise in connection with the
Lease.
	 
	 	5.	 	Authority. Tenant and each person signing this Amendment on behalf of Tenant
represents to Landlord as follows: (i) Tenant is a duly incorporated and validly existing
under the laws of the State of Delaware, (ii) Tenant has and is qualified to do business in
Texas, (iii) Tenant has the full right and authority to enter into this Amendment, and (iv)
each person signing on behalf of Tenant was and continues to be authorized to do so.
	 
	 	6.	 	Defined Terms. All terms not otherwise defined herein shall have the same
meaning as assigned to them in the Lease. Except as amended hereby, the Lease shall remain
in full force and effect in accordance with its terms and is hereby ratified. In the event
of a conflict between the Lease and this Amendment, this Amendment shall control.




 









 






	 	7.	 	No Representations. Landlord and Landlord’s agents have made no
representations or promises, expressed or implied, in connection with this Amendment except
as expressly set forth herein.
	 
	 	8.	 	Entire Agreement. This Amendment, together with the Lease, contains all of the
agreements of the parties hereto with respect to any matter covered or mentioned in this
Amendment or the Lease, and no prior agreement, understanding or representation pertaining
to any such matter shall be effective for any purpose.




Except as modified and amended herein, all other terms and conditions of the Lease are hereby
ratified and affirmed in all respects.



IN WITNESS HEREOF, the undersigned have caused this First Amendment to be duly executed effective
as of the date first written above.



LANDLORD: Enterprise Centre Operating Associates, LP, a New Mexico limited partnership as
successor in interest to Koll Bren Fund VI, L.P., a Delaware limited partnership




By: BGK Texas Property Management, LLC, as Agent for Owner




	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

J. Peter Mehlert
	 	 
	Title:

	 	President	 	 
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 

	 	 






TENANT: Tandy Brands Accessories, Inc., a Delaware corporation  




	 	 	 	 	 
	By:

	 	/s/ Craig Mackey
 

	 	 
	Name:

	 	CRAIG MACKEY	 	 
	Title:

	 	CFO	 	 
	Date:

	 	1/22/09	 	 







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