SEC Contract Filing

Filing Date: 2016-03-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>v434513_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1pt; text-align: center"><B>SECOND AMENDMENT OF LEASE</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Amendment
dated as of July 10, 2015, between 135 FIFTH AVENUE, LLC having an office at 441 Lexington Avenue, New York, New York 10017 (&quot;Landlord&quot;),
and ALGODON WINES &amp; LUXURY DEVELOPMENT GROUP, INC. (formerly known as Diversified Biotech Holdings Corp.) (&quot;Tenant&quot;),
having an office at 135 Fifth Avenue, New York, New York 10010</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0; text-align: justify; text-indent: 36.1pt">WHEREAS,
Landlord and Tenant are parties to a certain lease dated as of July 1, 2006, as amended by agreement dated September 1, 2010 (hereinafter
called the &quot;Lease&quot;) for the entire tenth floor, in the building known as 135 Fifth Avenue, New York, New York as more
particularly described in the Lease, and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0; text-align: justify; text-indent: 36.1pt">WHEREAS,
the parties hereto desire to amend the Lease upon the terms, covenants and conditions hereinafter provided;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.3pt 0pt 0; text-align: justify; text-indent: 36.1pt">NOW, THEREFORE, for value received, the parties agree
as follows:</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: justify">Effective as of September 1, 2015, the following paragraphs
listed below of Article 41 of the Lease shall be deleted and replaced with the following paragraphs:</TD>
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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(b)</TD><TD STYLE="text-align: justify">&quot;Annual Rent&quot; shall mean $217,800.</TD>
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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(c)</TD><TD STYLE="text-align: justify">&quot;Annual Rent Increase Date&quot; shall mean September
1, 2016.</TD>
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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(n)</TD><TD STYLE="text-align: justify">&quot;Security Deposit&quot; shall mean $61,284. Accordingly,
Tenant is depositing with Landlord, upon execution hereof, $22,284, which together with the previously deposited funds, shall
total the Security Deposit.</TD>
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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(o)</TD><TD STYLE="text-align: justify">&quot;Tax Base Year&quot; shall mean the twelve month
period from July 1, 2015 to June 30, 2016.</TD>
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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(q)</TD><TD STYLE="text-align: justify">&quot;Term&quot; shall mean the term of this Lease as
extended by this Amendment for a period of five years commencing September 1, 2015 and ending August 31, 2020.</TD>
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