Exhibit 10.68
 
 
 
THIRD AMENDMENT TO LEASE

THIS THIRD AMENDMENT TO LEASE (“Amendment”) is entered into by and among Premier
Exhibitions, Inc., a Florida corporation (“Assignee”) and George F. Eyde
Orlando, LLC, a Michigan limited liability company, and Louis J. Eyde Orlando,
LLC, a Michigan limited liability company (collectively, “Landlord”).
 
WHEREAS, Landlord and Worldwide Licensing & Merchandising, Inc., a Florida
corporation (“Assignor”) entered into that certain Lease dated August 22, 2008,
as amended by that certain First Amendment to Lease dated January 29, 2010, (as
amended, the “Lease”) the term of which commenced on January 1, 2009, regarding
that certain space consisting of approximately 19,726 square feet, located at
7316, 7324, and 7324-A International Drive, Orlando, Florida 32819, as more
particularly described in the Lease (the “Premises”);
 
WHEREAS, the parties effected an assignment of the Lease and all rights and
obligations pertaining to the Premises from Assignor to Assignee, pursuant to an
Assignment and Second Amendment to the Lease, dated October 14, 2011, (together
with the Lease, the “Amended Lease”); and
 
WHEREAS, the parties also desire to further revise the terms of the Amended
Lease as set forth herein;
 
NOW, THEREFORE, for Ten and No/100 Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:

1. Incorporation of Recitals.  The foregoing recitals are true and correct and
shall be incorporated into this Amendment by this reference.

2. Capitalized Terms.  Unless otherwise expressly defined herein, capitalized
terms used in this Amendment shall have the meanings ascribed to such terms in
the Lease.
 
3. Lease Term.

(a)  
Early Termination.  Assignee shall have a one-time right to terminate the Lease
early, effective June 30, 2015, by giving Landlord written notice of such
election no later than January 31, 2015, which notice shall be accompanied by
the payment of the $200,000.00 otherwise owed on December 1, 2015 pursuant to
Section 9(iii) of the Assignment and Second Amendment to the Lease.  The parties
acknowledge and agree that Assignee did not and will not exercise its one-time
right to terminate the Lease effective June 30, 2014, and that such termination
right shall be replaced by the termination right provided herein.

 
 
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4.  Survival of Lease. It is expressly understood and agreed, that in all other
respects the Amended Lease is ratified and reaffirmed and that all of the terms
and conditions which have been amended or otherwise modified herein will remain
and are in full force and effect in every respect.  This Amendment will bind the
heirs, administrators, successors and assigns of the respective parties.

5. Counterparts. This Amendment may be executed in multiple counterparts, each
of which shall be deemed an original, and all such counterparts together shall
constitute one and the same Amendment.  Photostatic, PDF or facsimile copies of
this Amendment fully executed shall be deemed an original for all purposes, and
the parties hereto waive the “best evidence” rule or any similar law or rule in
any proceeding in which this Amendment shall be presented as evidence.

 
IN WITNESS WHEREOF, Assignee and Landlord have caused this Third Amendment to
Lease to be executed as of the dates set forth below.

 
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In Witness Whereof, Owner and Tenant have respectively signed and sealed this
lease as of the day and year first below written.
 

 
 
 
 
ASSIGNEE:
  Premier Exhibitions, Inc.,
  a Florida corporation
 
By: /s/ Michael J. Little
Michael J. Little
Chief Financial Officer and Chief Operating
Officer
 
Date: January 24, 2014
   

 
 
 
 
 
 
 

 
 
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LANDLORD:
George F. Eyde Orlando, LLC,
 
By:  George F. Eyde Family, LLC, a Michigan limited liability company, successor
by conversion to George F. Eyde Limited Family Partnership, a Michigan limited
partnership,
By: GEORGE F. EYDE MANAGER, LLC, a Michigan limited liability company, its Sole
Manager
 
By:  /s/ George F. Eyde
George F. Eyde, CEO
 
Date: January 24, 2014
 
 
 
LANDLORD:
Louis J. Eyde Orlando, LLC,
 
By: LOUIS J. EYDE FAMILY, LLC, a Michigan limited liability company, successor
by conversion to Louis J. Eyde Limited Family Partnership
By: LOUIS J. EYDE MANAGER, LLC, a Michigan limited liability company, its Sole
Manager
 
By:  /s/ Louis J. Eyde
Louis J. Eyde, CEO
Date: January 24, 2014

 
 
 
 
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