|
Quotes & Info
|
| MALL > SEC Filings for MALL > Form 8-K on 6-Oct-2009 | All Recent SEC Filings |
6-Oct-2009
Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
On September 30, 2009, AF Services, LLC ("AF Services"), a wholly-owned subsidiary of PC Mall, Inc. ("PC Mall"), exercised its option to extend the lease term of PC Mall's primary distribution center through February 28, 2013, in accordance with a Renewal Letter dated September 30, 2009, which is attached hereto as Exhibit 10.1 and incorporated herein by reference. The leased property, which is approximately 212,000 square feet of real property located in Memphis, Tennessee, serves as PC Mall's primary distribution center for use by its wholly-owned subsidiaries.
On October 2, 2003, AF Services entered into an agreement with WNI/Tennessee, L.P. (formerly Anderson-Tully Company) for the lease of the approximately 212,000 square feet real property for a period of forty months, beginning on September 1, 2003 and ending on December 31, 2006. On October 2, 2006, AF Services exercised its first option to extend the lease term for a period of three years, commencing on January 1, 2007 and continuing through December 31, 2009, in accordance with a Renewal Letter dated October 2, 2006.
On September 30, 2009, AF Services exercised its option to extend the lease term of PC Mall's primary distribution center located in Memphis, Tennessee through February 28, 2013, as detailed in Item 1.01. PC Mall is a guarantor of the obligations of AF Services under this lease agreement and Renewal Letter.
Effective September 1, 2009, the monthly base rent is as follows:
September 1, 2009 - December 31, 2009 : $42,400.00 per month
January 1, 2010 - February 28, 2010 : $0.00 per month March 1, 2010 - December 31, 2010 : $42,400.00 per month January 1, 2011 - December 31, 2011 : $43,283.33 per month January 1, 2012 - February 28, 2013 : $44,166.67 per month |
(d) Exhibits
10.1 Renewal Letter, by and between WNI/Tennessee, L.P. and AF Services, LLC, dated September 30, 2009
|
|