Document:

exv10w3w1

Exhibit 10.3.1

FIRST AMENDMENT OF LEASE

     THIS FIRST AMENDMENT OF LEASE, dated as of the 22nd day of February 2010 (this
“Agreement”), made by and between THE RECTOR, CHURCH-WARDENS AND VESTRYMEN OF TRINITY
CHURCH IN THE CITY OF NEW YORK, a religious corporation, having its office at 75 Varick Street, 2nd
Floor, New York, New York 10013 (“Landlord”), and WATERFRONT MEDIA INC., a Delaware
corporation, having an address at 45 Main Street, Brooklyn, New York 11201 (“Tenant”).

W I T N E S S E T H:

     WHEREAS, Landlord and Tenant entered into a lease dated as of August 26, 2009 (the
“Lease”), for certain premises on the 16th floor (the “Original
Premises”) of the building known as 345 Hudson Street, New York, New York (the
“Building”) for a term expiring on October 31, 2018; and

     WHEREAS, Landlord and Tenant desire to amend the Lease to add certain additional premises to
the “Premises” (as such term is defined in the Lease); and otherwise amend the provisions
of the Lease, all on the terms and conditions contained in this Agreement.

     NOW, THEREFORE, in consideration of the premises and of the mutual covenants and conditions
hereinafter set forth, the parties agree as follows:

     1. Defined Terms. All capitalized terms used in this Agreement which are not otherwise
defined herein shall have the meanings ascribed to them in the Lease.

     2. Additional Premises.

          (a) A portion of the sixteenth (16th) floor of the Building, substantially as shown
hatched on the plan annexed hereto as Schedule A (the “Additional Premises”), is
hereby added to and shall be considered a part of the Premises demised under the Lease, commencing
on the date on which Landlord shall tender delivery of the Additional Premises to Tenant in vacant
and broom-clean condition (the “Additional Premises Commencement Date”). The lease of the
Additional Premises shall expire on October 31, 2018.

          (b) Tenant shall lease the Additional Premises in its “as is” condition as of the date of this
Agreement, reasonable wear and between the date hereof and the Additional Premises Commencement
Date excepted, it being understood that Landlord shall not be obligated to perform any work to
prepare the Additional Premises liar Tenant’s occupancy. Article 38 of the Lease and references to
Landlord’s Work shall be inapplicable to the Additional Premises. Notwithstanding the foregoing,
promptly after the Additional Premises Commencement Date (and without affecting the occurrence of
such date), Landlord shall abate any asbestos-containing materials in the Additional Premises and
shall deliver to Tenant a Form ACP-5 certificate for the Premises. Tenant shall afford Landlord
access to the Additional

1.

 

Premises to perform such work. The foregoing shall not be deemed to modify the last sentence
of Section 9.6 of the Lease with respect to the Original Premises.

     3. Additional Premises Improvement Allowance. In consideration of Tenant’s acceptance
of the Additional Premises in its “as is” condition, Tenant shall be entitled to an allowance of up
to, but not in excess of, $243,135 (the “Additional Premises Improvement Allowance”), which
shall be disbursed to Tenant in accordance with the terms and conditions of Section 6.5 of the
Lease, provided that all references therein to (i) the “Premises” shall be deemed to refer to the
“Additional Premises” and (ii) the “Tenant Improvement Allowance” shall be deemed to refer to the
“Additional Premises Improvement Allowance”. Notwithstanding the provisions of Section 6.5(C) of
the Lease, if Tenant has not submitted a request for payment of the Additional Premises Improvement
Allowance within 24 months of the Additional Premises Commencement Date (with time being of the
essence), Tenant shall not be entitled to any payment or credit for such unused amounts.

     4. Fixed Rent and Percentage Escalation. (a) From and after the Additional Premises
Commencement Date, Tenant shall pay Fixed Rent and the Operating Expense Payment for the Additional
Premises in accordance with Schedule B annexed to this Agreement.

          (b) Provided that no Event of Default has occurred and is continuing under the Lease (as
amended by this Agreement), Tenant shall be entitled to a credit against Fixed Rent payable for the
Additional Premises for the first four months of the Term of the Lease for the Additional Premises,
and for the month of August 2011, each such monthly credit equal to $14,633.13 per month.

     5. Tax Escalation Rent. From and after January 1, 2011, Tenant shall pay Tenant’s
Share of any increases in Taxes attributable to the Additional Premises in accordance with
Article 3 of the Lease, except that for the purposes of determining Tenant’s Tax Payment
applicable to the Additional Premises:

          (a) The term “Base Tax Factor” with respect to the Additional Premises shall mean the
Taxes payable for the calendar year 2010; and

          (b) The term “Tenant’s Share” with respect to the Additional Premises shall mean .58%.

     6. Electric Current. From and after the Additional Premises Commencement Date, Tenant
shall pay for electric current supplied to the Additional Premises pursuant to the provisions of
Article 4 of the Lease. To the extent a submeter does not exist and is required to measure Tenant’s
consumption of electricity in the Additional Premises, Landlord shall install such submeter at its
expense. To the extent that Tenant exercise its Expansion Option under the Lease or otherwise
leases the balance of the 16th floor of the Building. Landlord, at its expense, shall
install a submeter to measure the electricity required to operate the Building HVAC System
exclusively serving the 16th floor and Tenant shall pay for such electricity in accordance with
Article 4 of the Lease.

     7. Security Deposit. Simultaneously with the execution and delivery of this Agreement,
Tenant shall deposit with Landlord a Security Deposit in the amount of $117,065

2.

 

meeting the requirements of Article 35 of the Lease. Landlord shall hold and disburse such
Security Deposit in accordance with Article 35 of the Lease.

     8. Broker. Landlord and Tenant each represents and warrants that it has had no
dealings or communications with any broker or agent in connection with this Agreement, other than
Cushman & Wakefield, Inc. (the “Broker”). Landlord and Tenant covenant and agree to pay,
hold harmless and indemnify the other party from and against any and all claims or other liability
for any compensation, commissions or charges claimed by any broker or agent (other than the Broker
with respect to Tenant’s indemnity to Landlord) who claims to have dealt with the indemnitor in
connection with this Agreement and for any and all costs incurred by the indemnitee in connection
with such claims, including without limitation, attorneys’ fees and disbursements. Landlord shall
pay Broker its commission pursuant to separate agreement. The provisions of this Section 8
shall survive the expiration or sooner termination of this Agreement.

     9. Freight Elevator. Provided Tenant has scheduled such use with Landlord, Tenant may
use a freight elevator during Overtime Periods for Tenant’s initial move into the Additional
Premises, and Landlord will waive the first $4,000 in such freight elevator charges.

     10. Ratification. Except as modified by this Agreement, all of the terms, covenants
and conditions of the Lease shall apply to the Additional Premises and shall remain in full force
and effect.

     11. Signatures. This Agreement is offered for signature by Tenant and it is understood
that this Agreement shall not be binding upon Landlord or Tenant unless and until Landlord shall
have executed and delivered a fully-executed copy of this Agreement to Tenant.

     12. No Oral Modification. This Agreement may not be changed or terminated orally, but
only by an agreement in writing signed by Landlord and Tenant.

     13. Counterparts. This Agreement may be executed in multiple counterparts, all of
which, taken together, shall constitute one original instrument.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

3.

 

     IN WITNESS WHEREOF, this Agreement has been executed as of the day and year first above
written.

	 	 	 	 	 
	 	LANDLORD:

THE RECTOR, CHURCH-WARDENS AND

VESTRYMEN OF TRINITY CHURCH IN

THE CITY OF NEW YORK

 	 
	 	By:  	/s/ Jason Pizer
 	 
	 	 	Jason Pizer 	 
	 	 	Director of Commercial Real Estate Leasing 	 
	 
	 	 	 
	 	By:  	                                              /s/ Carl Weisbrod
 	 
	 	 	Carl Weisbrod 	 
	 	 	Executive Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Stacy Brandom
 	 
	 	 	Stacy Brandom 	 
	 	 	Chief Financial Officer 	 
	 
	 	TENANT:

WATERFRONT MEDIA INC.

 	 
	 	By:  	/s/  Alan Shapiro
 	 
	 	 	Name:  	Alan Shapiro 	 
	 	 	Title:  	Executive Vice President and General Counsel 	 
	 

4.

 

SCHEDULE A

Additional Premises

 

 

SCHEDULE B

FIXED RENT AND OPERATING EXPENSE PAYMENT

	 	 	 	 	 	 	 
	Lease Year	 	Fixed Rent	 	Operating Escalation	 	Escalated Rent
	 	 	 	 	 	 	 
	1
	 	$175,598
	 	—	 	$175,987
	2
	 	$175,598
	 	$4,390
	 	$179,988
	3
	 	$175,598
	 	$8,890
	 	$184,488
	4
	 	$179,650
	 	$13,502
	 	$193,152
	5
	 	$191,807
	 	$18,331
	 	$210,138
	6
	 	$195,859
	 	$23,584
	 	$219,443
	7
	 	$208,016
	 	$29,070
	 	$237,086
	8
	 	$208,016
	 	$34,997
	 	$243,013
	9
	 	$208,016
	 	$41,073
	 	$249,089

     The first Lease Year commences on the Additional Premises Commencement Date and ends January
31, 2011.

2.Exhibit 10.3.2

 

SECOND AMENDMENT
OF LEASE

 

THIS
SECOND AMENDMENT OF LEASE, dated as of the 1st day of May 2010 (this “Agreement”), made by and between THE
RECTOR, CHURCH-WARDENS AND VESTRYMEN OF TRINITY CHURCH IN THE CITY OF NEW YORK, a religious corporation, having an address at
75 Varick Street, 2nd Floor, New York, New York 10013 (“Landlord”), and EVERYDAY HEALTH, INC. (formerly known
as Waterfront Media, Inc.), a Delaware corporation, having an address at 345 Hudson Street, New York, NY 10014 (“Tenant”).

 

W I T N E S S E T H:

 

WHEREAS,
Landlord and Tenant (formerly known as Waterfront Media, Inc.) entered into a lease dated as of August 26, 2009, as amended by
First Amendment of Lease dated as of February 22, 2010 (as so amended, the “Lease”), whereby Tenant leases
from Landlord certain premises on the 16th floor of the building commonly known as 345 Hudson Street, New York, New
York (the “Building”); and

 

WHEREAS,
Landlord and Tenant desire to amend the Lease to: (i) add certain additional premises to the “Premises” (as
such term is defined in the Lease); and (ii) otherwise amend the provisions of the Lease, all on the terms and conditions contained
in this Agreement.

 

NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and conditions hereinafter set forth, the parties agree
as follows:

 

1.
Defined Terms. All capitalized terms used in this Agreement which are not otherwise defined herein shall have the meanings
ascribed to them in the Lease.

 

2.
Basement Space.

 

(a)A
portion of the basement level of the Building substantially as shown darkened on the plan annexed hereto as Schedule A
(the “Basement Space”), is hereby added to and shall be considered a part of the “Premises” demised
under the Lease, commencing on May 1, 2010 (the “Basement Space Commencement Date”), and ending on the Expiration
Date (as the same may be extended pursuant to the terms of the Lease), such that the lease of the Basement Space shall be coterminous
with the lease of the balance of the Premises.

 

(b)Tenant
shall lease the Basement Space in its “as is” condition as of the Basement Space Commencement Date, it being understood
that Landlord shall not be obligated to perform any work to prepare the Basement Space for Tenant’s occupancy, nor to contribute
to the cost thereof. Landlord makes no representations or warranties with respect to the Basement Space.

    	 

    	

    

(c)
Tenant’s use and occupancy of the Basement Space shall be for storage purposes only, and shall be subject to all of the
terms and conditions set forth in the Lease, except as otherwise provided in this Agreement.

 

3.Fixed
Rent. From the Basement Space Commencement Date through and including the Expiration Date, Tenant shall pay Fixed Rent for
the Basement Space of $6,800 per annum ($566.67 per month), inclusive of charges for electricity.

 

4.Services
Provided to the Basement Space. Effective as of the Basement Space Commencement Date, and for the remainder of the Term of
the Lease, Landlord shall provide: (a) electric service and capacity to the Basement Space solely for the purpose of lighting
the same; and (b) passenger and freight elevator service to the basement level of the Building for use in connection with the
Basement Space, in accordance with the provisions of the Lease. Except as provided in this Section 4, Landlord shall not
be responsible for the rendition or delivery of any services or utilities to the Basement Space whatsoever, including, without
limitation, water, heat, ventilation, air-conditioning, or cleaning.

 

5.Broker.
Tenant covenants, represents and warrants to Landlord that Tenant has had no dealings or communications with any broker or agent
in connection with the consummation of this Agreement, and Tenant covenants and agrees to pay, hold harmless and indemnify Landlord
from and against any and all claims or other liability for any compensation, commissions or charges claimed by any broker or agent
with respect to this Agreement or the negotiation thereof. The provisions of this Section 5 shall survive the expiration
or sooner termination of this Agreement.

 

6.Limitation
on Liability. Tenant hereby acknowledges that there are risks inherent to below grade storage of personal property, including,
without limitation, water damage due to seepage and/or leakage, mold, mildew, and theft. Tenant hereby acknowledges and agrees
that in no event shall Landlord or its agents, managers, members, contractors or employees be liable for any loss or damage to
Tenant or Tenant’s property and Tenant hereby waives all claims it may now or hereafter have against Landlord or its agents,
managers, members, contractors or employees with respect to any loss or damage it may suffer in connection with Tenant’s
use of the Basement Space; provided however that such waiver shall not apply in the case of the gross negligence or willful misconduct
on the part of Landlord or its agents, managers, members, contractors or employees.

 

7.Ratification.
Except as modified by this Agreement, all of the terms, covenants and conditions of the Lease shall remain in full force and effect.
For the avoidance of doubt, the following provisions of the Lease shall be inapplicable to the Basement Space: Article 3 and Schedule
C, the Tenant Improvement Allowance and Section 6.5, Landlord’s Work and Article 38, the last sentence of Section 28.1 and
Article 32 of the original lease, and all of the First Amendment of Lease.

 

8.Signatures.
This Agreement is offered for signature by Tenant and it is understood that this Agreement shall not be binding upon Landlord
or Tenant unless and

    	 

    	

    

until
Landlord shall have executed and delivered a fully-executed copy of this Agreement to Tenant.

 

9.No
Oral Modification. This Agreement may not be changed or terminated orally, but only by an agreement in writing signed by Landlord
and Tenant.

 

10.Counterparts.
This Agreement may be executed in multiple counterparts, and all of which, taken together, shall constitute one instrument.

 

IN
WITNESS WHEREOF, this Agreement has been executed as of the day and year first above written.

 

	 	LANDLORD:	 
	 	 	 
	 	THE RECTOR, CHURCH-WARDENS 	 
	 	AND VESTRYMEN OF TRINITY	 
	 	CHURCH IN THE CITY OF NEW YORK	 
	 	 	 	 
	 	By:	/s/ Jason Pizer	 
	 	 	Jason Pizer	 
	 	 	Senior Vice President of Leasing	 
	 	 	 	 
	 	By:	/s/ Carl Weisbrod	 
	 	 	Carl Weisbrod	 
	 	 	Executive Vice President	 
	 	 	 	 
	 	By:	/s/ Stacy Brandom	 
	 	 	Stacy Brandom	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	TENANT:	 
	 	 	 	 
	 	EVERYDAY HEALTH, INC.	 
	 	 	 	 
	 	By:	/s/ Alan Shapiro	 
	 	 	Name: Alan Shapiro	 
	 	 	Title: EVP & General Counsel	 

    	 

    	

    

SCHEDULE A

 

BASEMENT SPACE

 

 

 

ALL AREAS, DIMENSIONS AND CONDITIONS ARE APPROXIMATE

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