THIRD AMENDMENT TO MASTER LEASE AGREEMENTLease Agreement |
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(PAGE
NUMBERS REFER TO PAPER DOCUMENT ONLY)
EXHIBIT 10.63
THIRD AMENDMENT TO
MASTER LEASE AGREEMENT
This THIRD AMENDMENT TO
MASTER LEASE AGREEMENT (this “Amendment”) is made
and entered into by and between WAL-MART STORES EAST, LP, a
Delaware limited partnership, WAL-MART STORES, INC., a
Delaware corporation, WAL-MART LOUISIANA, LLC, a Delaware
limited liability company, and WAL-MART STORES TEXAS, LLC, a
Texas limited partnership (collectively,
“Landlord”) and CPI CORP, a Delaware corporation
(“Tenant”). The effective date (the
“Effective Date”) of this Amendment is the date
on which this Amendment is last executed by a party hereto,
as indicated on the signature pages of this
Amendment.
RECITALS
WHEREAS, Landlord and
Portrait Corporation of America, Inc. (“PCA”)
entered into that certain Master Lease Agreement (the
“Master Lease”) effective June 8,
2007;
WHEREAS, PCA assigned its
rights and obligations under the Master Lease to Tenant
pursuant to that certain First Amendment to Master Lease
Agreement effective June 20, 2007 (the “First
Amendment”); and
WHEREAS, Landlord and
Tenant entered into that certain Second Amendment to the
Master Lease effective August 20, 2007 (the “Second
Amendment”); and
WHEREAS, Landlord and
Tenant desire to modify the Master Lease in accordance with
the terms and provisions of this Amendment.
NOW, THEREFORE, in
consideration of the premises and promises contained herein,
and other good and valuable consideration, the receipt and
sufficiency and validity of which are hereby acknowledged,
Landlord and Tenant agree as follows:
AGREEMENT
1.
Accuracy of
Recitals. The foregoing
recitals are true and correct and are hereby incorporated into
this Amendment as if fully set forth herein.
2.
Definitions.
Capitalized terms used in this Amendment
without definition shall have the meaning assigned to such
terms in the Master Lease as amended, unless the context
expressly required otherwise.
3.
Amendment.
The Master Lease is amended as
follows:
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