Exhibit 10.1
ADDENDUM NO. 3
TO
STANDARD INDUSTRIAL/COMMERCIAL
MULTI-TENANT LEASE - NET
THIS ADDENDUM NO. 3 TO STANDARD
INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE - NET
(“Addendum”) is made as of March 26, 2009 between PAS
TRUST (“Lessor”), and BIDZ.COM, INC., a Delaware
corporation (“Lessee”), with reference to the following
facts:
A.
Lessee, as successor-in-interest to
Bidz.com, a California corporation, and Lessor are parties to that
certain Standard Industrial/ Commercial Multi-Tenant Lease - Net
dated as of April 15, 2003 (the “Original Lease”), as
amended by Addendum No. 1 thereto dated concurrently therewith
(the “First Addendum”) and Addendum No. 2 dated
March 3, 2004 (the “Second Addendum”), providing for
Lessee’s rental from Lessor of - the
premises located at the street address of 3562-3852 Eastham Drive,
Culver City, CA (the “Premises”). The Original Lease,
First Addendum and Second Addendum are collectively referred to
herein as the “Lease Agreement”.
B.
The Extension Term of the Lease
Agreement is presently scheduled to expire on October 31, 2009, and
Lessor and Lessee now desire to extend the expiration date of the
Extension Term, on the terms and conditions more particularly
provided herein.
C.
Defined terms used in this Addendum
shall, unless otherwise stated, have the same meanings as are
contained in the Lease Agreement.
NOW, THEREFORE, the parties hereto
agree as follows:
1.
Extension of Extension
Term . The Extension
Term, presently scheduled to expire on October 31, 2009, shall be
extended so that it will instead expire on June 30, 2012. The
period commencing November 1, 2009 and ending June 30, 2012 is
hereafter referred to as the “Second Extension Term”.
Lessee shall have no other right or option to ext
