SEC Contract Filing

Filing Date: 2020-03-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.13
<SEQUENCE>3
<FILENAME>mov-ex1013_112.htm
<DESCRIPTION>EX-10.13
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mov-ex1013_112.htm
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<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT 10.13</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:10pt;font-weight:bold;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;text-decoration:underline;">CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***]&#160; INDICATES THAT INFORMATION HAS BEEN REDACTED.</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">THIRD AMENDMENT OF LEASE</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M1"></a><a name="_DV_M2"></a><a name="_DV_M3"></a><a name="_DV_M4"></a>THIS THIRD AMENDMENT OF LEASE<font style="font-weight:normal;"> dated as of November 14, 2019 by and between</font><a name="_DV_M2"></a> FORSGATE INDUSTRIAL COMPLEX<font style="font-weight:normal;"><a name="_DV_M3"></a>, a limited partnership with an address at 400 Hollister Road, Teterboro, New Jersey&nbsp;&nbsp;07608 (hereinafter called &#8220;Landlord&#8221;) and </font><a name="_DV_M4"></a>MOVADO GROUP, INC.<font style="color:#000000;font-weight:normal;">, a New York corporation, having its principal offices at </font><font style="font-weight:normal;">650 From Road, Paramus, New Jersey&nbsp;&nbsp;07652</font><font style="color:#000000;font-weight:normal;"> (hereinafter called &#8220;Tenant&#8221;).</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M5"></a>W I T N E S S E T H:</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M6"></a><a name="_DV_M7"></a><a name="_DV_M8"></a>WHEREAS<font style="font-weight:normal;"><a name="_DV_M7"></a><a name="_DV_M8"></a>, Landlord and Tenant entered into a Lease dated May 22, 2000, as amended by a First Amendment of Lease dated February 27, 2009, and as amended by a Second Amendment of Lease dated June 20, 2018 (as amended, the &#8220;Lease&#8221;), for approximately 99,962 square feet in a building (the &#8220;Premises&#8221;) located on property more commonly known as 105 State Street, Moonachie, New Jersey; and</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-family:Times New Roman;color:#auto;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_C15"></a>WHEREAS,<font style="font-weight:normal;"> Tenant and Landlord desire to amend the Lease to, among other things, extend the term of the Lease.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOW THEREFORE<font style="font-weight:normal;">, for ten dollars and other good and valuable consideration, the parties agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M12"></a><a name="_DV_M33"></a>1.<font style="margin-left:36pt;"></font>The term of the Lease is hereby extended.&nbsp;&nbsp;Accordingly, Paragraph 1(d) of the Lease shall be deleted and replaced with the following language:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:15.38%;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;To commence on June 1, 2000 and to terminate on February 28, 2025.&#8221;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-