STANDARD FORM OF LOFT LEASE
THE REAL ESTATE BOARD OF NEW YORK, INC.
AGREEMENT OF LEASE, made as of this 17th day of March 1997, between Palobueno N.V. Ltd., 30 East
42nd Street Suite #1101, New York, NY 10017 party of the first part, hereinafter referred to as OWNER,
AND Pacific Trim & Belt, Inc., 262 W. 38th Street, Room #704, New York, NY 10018 party of the second
part, hereinafter referred to as TENANT,
WITNESSETH: Owner hereby leases to Tenant and Tenant hereby hires from Owner Room #704 in the
building known as 262 W. 38th Street in the Borough of Manhattan, City of New York, for the term of 1 Year
Plus One (1) Year Option (or until such term shall sooner cease and expire as hereinafter provided) to
commence on the 1st day of May nineteen hundred and ninety-seven, and to end on the 30th day of April
nineteen hundred ninety-nine and both dates inclusive, at an annual rental rate of
SEE RIDER ATTACHED!
which Tenant agrees to pay in lawful money of the United States which shall be legal tender in payment of all
debts and dues, public and private, at the time of payment, in equal monthly installments in advance on the first
day of each month during said term, at the office of Owner or such other place as Owner may designate, without
any set off or deduction whatsoever, except that Tenant shall pay the first _____________ monthly installment(s)
on the execution hereof (unless this lease be a renewal).
In the event that, at the commencement of the term of this lease, or thereafter, Tenant shall be in default in the
payment of rent to Owner pursuant to the terms of another lease with Owner or with Owner's predecessor in
interest, Owner may at Owner's option and without notice to Tenant add the amount of such arrears to any
monthly installment of rent payable hereunder and the same shall be payable to Owner as additional rent.
The parties hereto, for themselves, their heirs, distributees, executors, administrators, legal representatives,
successors and assigns, hereby covenant as follows