WAL-MART SHOPPING CENTER LEASE AGREEMENT
THIS LEASE is entered into as of the 1st day of July, 1996, by and between Landlord and Tenant as hereinafter
ARTICLE 1. DEFINITIONS AND CERTAIN BASIC PROVISIONS
1.1 (a) "Landlord": WAL-MART STORES, INC.
(b) Landlord's Address; 701 South Wilton Boulevard Bentonville, AR 72716
(c) "Tenant": Travel Network_
(d) Tenant's Address: 560 Sylvan Ave Englewood Cliffs, NJ 07632 Phone: (201)567-8500
(e) Tenant's Trade Name: Vacation Central
(f) "Landlord's Agent": Denise West
(g) "Cooperating Agent": N/A
(h) "Demised Premises": Located in WAL-MART Supercenters with store numbers, addresses and square
footages as outlined in Exhibit D attached hereto.
(i) Individual Location Lease Term: The term of this Lease as to each of the Demised Premises shall be two (2)
years, beginning on the date as outlined in Exhibit D (the "Commencement Date" and ending at midnight on the
date preceding the fifth anniversary of the Commencement Date (hereinafter referred to as the "Termination
Date"); provided that if the Commencement Date is a date other than the first day of a calendar month , the Lease
Term shall be extended for said number of years and months in addition to the remainder of the calendar month
following the Commencement Date. Tenant shall have the option to renew the Lease in accordance with the
provisions of Exhibit C. References to the "Lease Term" shall refer to the original term and any extensions or
(j) Minimum Guaranteed Rental: Outlined in Exhibit D on an individual store basis.
(1) Common Area Maintenance Charge (CAM): Calculated at $2.00 times the square footage divided by 12
months per Section 6.4.
(m) Real Estate Tax Charge: Calculated at $.80 times the square footage divided by 12 months per Section 18.2.
(n) Prepaid Rental: An amount equivalent to one month's rent (as outlined in Exhibit D) being rent for the last
month of the Lease Term including appropriate Common Area Maintenance and Real