exv10w1






Exhibit 10.1




SECOND AMENDMENT TO LEASE




     THIS SECOND AMENDMENT TO LEASE (the “Second Amendment”), dated and effective as of June 11,
2010, by and between the West Virginia Economic Development Authority, a West Virginia public
corporation and government instrumentality, having its principal office at 160 Association Drive,
Charleston, West Virginia 25311-1217 (hereinafter referred to as “Landlord”), and rue21, inc., a
Delaware corporation, successor-in-interest to Pennsylvania Fashions, Inc., having its principal
office at 800 Commonwealth Drive, Suite 100, Warrendale, Pennsylvania 15086 (hereinafter referred
to as “Tenant”).



     WITNESSETH THAT:



     WHEREAS, Landlord and Tenant are parties to that certain Lease dated June 28, 1999 for an
approximately 189,600 square foot building and associated improvements located at the Three Springs
Industrial and Business Park in Weirton, Brooke County, West Virginia (the “Lease”);



     WHEREAS, Landlord and Tenant are parties to that certain First Amendment to Lease (the “First
Amendment”) dated and effective as of April 1, 2002 whereby Landlord agreed to temporarily modify
the Base Rent as provided for in the First Amendment; and



     WHEREAS, Landlord and Tenant agree to amend the Lease to extend the Initial Term, as defined
in the Lease, until December 31, 2012 with all other terms and conditions of the Lease remaining
the same, and all as provided for herein.



     NOW, THEREFORE, for and in consideration of the foregoing preambles, of the mutual promises
and covenants contained herein, of Ten Dollars ($10.00) cash in hand paid by Tenant to Landlord,
and the other good and valuable consideration, the receipt and sufficiency of all of which is
hereby acknowledged, the parties hereby agree as follows:



     1. Initial Term. The Initial Term set forth in Section 3.01 of the Lease is hereby
modified to read as follows: “The initial term (“Initial Term”) of this Lease shall commence on the
Rent Commencement Date and shall expire on December 31, 2012.”


Landlord and Tenant further acknowledge that Tenant reserves the option to extend the Term of the
Lease for an additional five (5) years pursuant to Section 3.03 of the Lease, and by the extension
of the Initial Term in this Paragraph 1 above, the deadline for Tenant to deliver written notice of
its intent to exercise shall be extended to June 30, 2011.




     2. Effect of Amendment. All other terms and conditions of the Lease shall remain and
continue in full force and effect and shall be deemed unchanged except to the extent amended
herein.



 









 






     IN WITNESS WHEREOF, Landlord and Tenant have caused this Amendment to be executed and
delivered by their duly authorized officers as of the date first above written.



	 	 	 	 	 	 	 	 	 

	LANDLORD:	 	 	 	West Virginia Economic Development Authority
	 
	 	 	 	 	 	 	 	 
	WITNESS:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 /s/ Erin C. McCoy	 	 	By:
	 /s/ David A. Warner
	 	 	 	 	 	 
	

	Erin C. McCoy
	 	 	 	David A. Warner
	 	Its:

	  Assistant Secretary / Treasurer
	 	 	 	Its:
	Executive Director
	 
	 	 	 	 	 	 	 	 
	TENANT:	 	 	 	rue21, inc.
	 
	 	 	 	 	 	 	 	 
	WITNESS:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 /s/ David C. Bodette	 	 	By:
	 /s/ Robert Thomson
	 	 	 	 	 	 
	 

	David C. Bodette
	 	 	 	Robert Thomson
	 	Its:

	  Real Estate Counsel
	 	 	 	Its:
	Senior Vice President of Real Estate