THIRD LEASE MODIFICATION AGREEMENT
THIS THIRD LEASE MODIFICATION AGREEMENT made as the 1st day of December 2002, by and
between Sy Syms, an individual residing at 625 Park Avenue, New York, New York 10021 ("Lessor") and
Syms Corp., a New Jersey Corporation with its principal place of business at Syms Way, Secaucus, New Jersey
1. As of the 21st day of June 1977, Lessor (formerly known as Sy Merns) and Lessee (formerly known as Syms
Haberdashery, Inc.) entered into a Lease Agreement for lease of premises located in Elmsford, County of
Westchester, State of New York, more particularly described therein (the "Original Lease").
2. The Original Lease was amended on July 26, 1983 and subsequently as of January 1, 1991 (the Original
Lease, as amended, is hereinafter referred to as the "Lease").
3. Lessor and Lessee are desirous of amending the Lease so as to extend the term thereof, and to increase the
rental provided for therein;
NOW THEREFORE, in consideration of the mutual promises and covenants hereinafter contained, IT IS
HEREBY AGREED AS FOLLOWS:
1. TERM: Paragraph 4 of the Lease is hereby modified and amended so as to provide as follows:
A. Extension of Term: The term of the Lease is hereby extended from December 1, 2002 to and including
November 30, 2010;
B. First Extension Option: Lessee shall have the option to extend the Lease for an additional period of five years
upon six months' prior written notice to Lessor for the period December 1, 2010 - November 30, 2015;
C. Second Extension Option: Provided that Lessee has exercised its first extension option, Lessee shall have the
right to extend the Lease for one final additional period of five years upon six months' prior written notice to the
Lessor for the period December 1, 2015 - November 30, 2020.
If Lessee fails to timely notify Lessor of its option to extend the term of this Lease, Lessor shall notify Lessee of
its right to extend the term of the Lease in accordance with the provi