Exhibit 10.53
RSL MANAGEMENT CORPORATION
SUITE': 4200
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July 18, 1996
▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇
President and CEO
RSL Communications Ltd.
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Dear ▇▇. ▇▇▇▇▇▇:
This is to confirm the agreement between RSL Management Corporation
("Sublandlord") and RSL Communications Ltd. ("Subtenant"):
1. Sublandlord leases to Subtenant certain premises ("Suite VI")
located on the 43rd floor of ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ (the
"Building").
2. Sublandlord and Subtenant have agreed that Subtenant shall occupy
Suite VI subject to the following terms and conditions:
(1) The fixed rent shall be One Hundred Eighty Thousand Two
Hundred Twenty Five Dollars ($180,225) per annum.
(2) The Rentable Area shall be 2,670 square feet.
(3) This lease shall terminate on December 31, 1997 however the
Subtenant shall have the right to extend this lease until
December 31, 1998 for a fixed rent of Two Hundred Thousand
($200,000) per annum. The Subtenant shall notify the
Sublandlord in writing by June 30, 1997 if it intends to
extend this lease beyond December 31, 1997.
Please sign and return the duplicate copy of this letter by way of
your agreement to and acceptance of the terms and conditions set forth herein.
RSL Management Corporation
Agreed and accepted BY /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
RSL Communications, Ltd. ---------------------
BY /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------ Title: Treasurer
NAME: ▇▇▇▇▇▇ ▇▇▇▇▇▇
TITLE: Chief Executive Officer