SEC Contract Filing

Filing Date: 2019-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.170.1
<SEQUENCE>11
<FILENAME>s116268_ex10-1701.htm
<DESCRIPTION>EXHIBIT 10.170.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.170.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RIDER TO LEASE BETWEEN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>440 REALTY ASSOCIATES LLC,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AS LANDLORD OR OWNER, AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INTERPARFUMS LUXURY BRANDS, INC., AS
TENANT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following provisions
were agreed to prior to the execution and delivery of this lease and are a part thereof. In case of any contradiction or inconsistency
between any of the following provisions and the foregoing provisions of this lease, the following provisions shall prevail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>ARTICLE 41</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>PREMISES; TERM</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>41.01 <U>INTENTIONALLY DELETED</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>41.02 <U>COMMENCEMENT DATE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The term of this lease (the &ldquo;<B>Term</B>&rdquo;)
shall commence on the date (herein referred to as &ldquo;<B>Commencement Date</B>&rdquo;) which shall be the earlier of (i) the
date Tenant occupies the Demised Premises for the conduct of their business or (ii) the date when the Demised Premises shall be
deemed substantially complete. The Lease shall expire on the latest to occur of (i) May 31, 2029 or (ii) or 120 Months from the
14<SUP>th</SUP> Floor Premises CD as provided for in paragraph 48.02 or (iii) the last day of the 120<SUP>th</SUP> calendar month
after the month in which the Commencement Date occurs (provided that if the Commencement Date is the first day of a month, this
Lease shall expire on the last day of the 120<SUP>th</SUP> calendar month of the Term) , unless sooner terminated or extended as
provided herein (&ldquo;<B>Expiration Date</B>&rdquo;). The Demised Premises shall be deemed &ldquo;substantially complete&rdquo;
on the date that Landlord&rsquo;s Initial Improvements (as hereinafter defined) in the Demised Premises shall have been substantially
completed in accordance with all applicable laws (and it shall be so deemed notwithstanding the fact that minor or insubstantial
details of construction, mechanical adjustment or decoration (&ldquo;<B>punchlist items</B>&rdquo;) remained to be performed, the
non-completion of which do not materially interfere with Tenant&rsquo;s use of the Demised Premises), and the Demised Premises
have been delivered to Tenant vacant and broom clean. Landlord shall use commercially reasonable efforts to give Tenant at least
five (5) Business Days prior notice of substantial completion. Landlord and Tenant shall use reasonable efforts to schedule and
jointly perform a walk-through of the Demised Premises to confirm that substantial completion has occurred, provided that failure
for such walk-though to occur shall in no way delay or toll the Commencement Date. Landlord shall use commercially reasonable efforts
to complete such punchlist items as soon as possible after receipt of notice thereof, and to minimize interference with Tenant&rsquo;s
conduct of business during such work. Tenant shall commence paying the Basic Annual Rent and additional rent due under this Lease
on the date (the &ldquo;<B>Rent Commencement Date</B>&rdquo;) that is the later of the date that is five (5) Business Days after
the Commencement Date and June 1, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding anything herein to the
contrary, in the event the Commencement Date does not occur by November 1, 2019 (&ldquo;<B>Outside Date</B>&rdquo;), Tenant shall
have the right to cancel this Lease by written notice to Landlord, and upon delivery of such notice this Lease shall be deemed
terminated and neither party shall have any further rights or obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Tenant Delay</B>&rdquo; shall
mean any delay caused by Tenant that shall impede Owner from, or delay Owner in, completing Landlord&rsquo;s Initial Improvements,
including but not limited to, the following examples: (i) delay caused by Tenant making any substantial changes to Tenant&rsquo;s
Plans aft