SEC Contract Filing

Filing Date: 2016-11-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>pfsw-ex103_336.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
pfsw-ex103_336.htm
</title>
</head>
<!-- NG Converter v4.0.5.11 -->
<body>

<p style="margin-bottom:0pt;margin-top:0pt;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.14%;">Exhibit 10.3</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECOND AMENDMENT TO LEASE</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.14%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS SECOND AMENDMENT TO LEASE (this &#8220;<font style="font-weight:bold;">Amendment</font>&#8221;) is entered into as of September ____, 2016 (the &#8220;<font style="font-weight:bold;">Second Amendment Effective Date</font>&#8221;), by and between <font style="font-weight:bold;">BINYAN REALTY LP</font> (&#8220;<font style="font-weight:bold;text-decoration:none;">Landlord</font>&#8221;), and <font style="font-weight:bold;">PRIORITY FULFILLMENT SERVICES, INC.</font>, a Delaware corporation (&#8220;<font style="font-weight:bold;">Tenant</font>&#8221;). </p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">RECITALS:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.14%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="margin-left:36pt;"></font>Tenant and Landlord executed that certain Office Lease Agreement dated as of December 5, 2011 (the &#8220;<font style="font-weight:bold;">Original Lease</font>&#8221;), for space in the office building commonly known as Renaissance Tower, located at 1201 Elm Street, Dallas, Texas (the &#8220;<font style="font-weight:bold;">Building</font>&#8221;), such space containing 78,060 square feet of Agreed Rentable Area as same is more particularly described in the Original Lease (the &#8220;<font style="font-weight:bold;">Existing Premises</font>&#8221;).&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.14%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.<font style="margin-left:36pt;"></font>The Original Lease was amended by that certain First Amendment to Lease dated as of January 31, 2014 (the &#8220;<font style="font-weight:bold;">First Amendment</font>&#8221;).&nbsp;&nbsp;The Original Lease as amended by the First Amendment is referred to herein as the &#8220;<font style="font-weight:bold;">Lease</font>.&#8221;&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.14%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.<font style="margin-left:36pt;"></font>Tenant and Landlord desire to further amend the Lease as set forth below.&nbsp;&nbsp;Unless otherwise expressly provided herein, capitalized terms used herein shall have the same meanings as designated in the Lease.&nbsp;&nbsp;</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">AGREEMENT:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.14%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In consideration of the mutual covenants and agreements contained herein and in the Lease, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby amend and modify the Lease as follows:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.14%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:0pt;"></font><font style="text-decoration:underline;">Special Relocation Right</font>.&nbsp;&nbsp;Landlord shall have the one-time right to relocate the Existing Premises to the Relocation Premises effective as of the Relocation Effective Date pursuant to the terms set forth in this Section (such right referred to herein as the &#8220;<font style="font-weight:bold;">Special Relocation Right</font>&#8221;).&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:7.14%;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="margin-left:36pt;"></font>The term &#8220;<font style="font-weight:bold;">Relocation Premises</font>&#8221; as used herein shall mean two (2) contiguous full floors in the Building and additional space on a floor contiguous thereto, such additional space containing a minimum of 15,000 square feet of Agreed Rentable Area and a maximum of 16,156 square feet of Agreed Rentable Area, which shall be as determined by Landlord; provided, however, that Tenant shall be able to access the entire Relocation Premises from the same elevator bank.&nbsp;&nbsp;The term &#8220;<font style="font-weight:bold;">Relocation Effective Date</font>&#8221; as used herein shall mean the date selected by Landlord as the date on which the relocation of the Ex