exv10w20xby



 




EXHIBIT 10.20(b)












FIRST AMENDMENT TO LEASE




     This First Amendment to Lease dated September 1, 2000 is executed by and
between Syufy Enterprises, L.P. (“Landlord”) and Century Theatres, Inc. (“Tenant”).



WITNESSETH:




     WHEREAS, Landlord and Century Theatres of California, Inc. entered into a lease
dated September 30, 1995 (the “Lease”) for a motion picture theater building and related
parking (the “Premises”) located in Newark, California; and



     WHEREAS, Century Theatres, Inc., a Delaware corporation, has succeeded Century
Theatres of California, Inc., as Tenant; and



     WHEREAS, Century Theatres, Inc. has assumed all obligations of Century Theatres
of California, Inc., as set forth in the Lease; and



     WHEREAS, the parties desire now to amend the Lease to revise and clarify certain
obligations between the parties, as hereinafter provided;



     NOW, THEREFORE, the parties hereto mutually agree that the Lease shall be amended as
follows:



     A. Consumer Price Index



     The reference in the first grammatical paragraph of Section 4.01(B) of the Lease to
the “San Francisco-Oakland-San Jose Average” is hereby deleted and in its place is
inserted the “All West Average,” and the following sentence shall be added to this first
grammatical paragraph of Section 4.01(B):








     Notwithstanding the foregoing, in no event shall the Minimum Monthly Rent be
increased by an amount that is more than fifteen percent (15%) of the Minimum Monthly Rent payable
before the adjustment date in question.







     B. Gross Sales



     The second paragraph of Section 4.02 is hereby deleted and in its place is inserted
the following paragraph:




     Gross Sales shall mean all box office receipts, including receipts from
tickets or gift certificates redeemed at the premises regardless of their point of
sale, as well as receipts from sale of goods, merchandise, beverages, food,
vending machines and video games. Gross Sales shall exclude credits and refunds
made with respect to admissions or other sales; all federal, state, county and
city admission taxes, sales and use taxes, and other similar taxes now or
hereafter



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imposed whether such taxes are collected from customers separately from the selling
price of admission tickets or absorbed therein, and actually paid over to the taxing
authority by Tenant; returned, exchanged, waived or “Pass Admissions” including EBF charges
on “Pass Admissions;” and receipts from tickets or gift certificates sold but not redeemed
at the Premises. Commissions or surcharges paid to agencies or other third parties for
selling tickets or processing credit card transactions, and any sums paid to third parties
for the use or rental of vending machines, pay telephones or other amusement machines shall
be deducted from Gross Sales.



     C. Insurance



     The reference in Section 6.03(D) to a Bests rating of “A-” is hereby deleted and in its
place inserted a Bests rating of “A-/VII.”



     D. Alterations



     The last sentence of Section 7.01 (A) is hereby deleted and its place inserted the
following:




     If the change, alteration or addition is structural or exterior in nature, Tenant
shall provide Landlord with a copy of Tenant’s plans and specifications for the work and
obtain Landlord’s written approval therefore, which approval shall not be unreasonably
delayed or withheld.



     E. Indemnity and Hold Harmless



     The indemnity rights set forth in Sections 9.02 and 10.01 are hereby expanded to include
an obligation by Tenant to defend, indemnify and hold harmless both Landlord and Landlord’s
corporate affiliates, as well as their respective officers, directors, agents, and employees, in
each instance where the right of indemnity would be accorded to Landlord.



     F. Assignment



     The reference in Section 11.01 (C) to “$20,000,000.00” is hereby deleted and
replaced with “$30,000,000.00, as adjusted each year by the CPI index identified in Section
4.01 (B)”



     G. Surrender



     After the first sentence of Section 15.02(E), the following sentence is hereby
inserted:



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     Alternatively, Landlord may elect in its sole and absolute
discretion to require Tenant to demolish the Tenant-occupied improvements
located on the Premises and remove all surface debris thereon.



     This First Amendment to Lease is hereby executed and shall be effective as of the
date first written above. All other conditions of the Lease, or the executed
amendments thereto, if any, shall remain in effect.



	 	 	 
	SYUFY ENTERPRISES, L.P.

	 	CENTURY THEATRES, INC.
	“Landlord”

	 	“Tenant”
	 
	 	 
	/s/ Raymond W. Syufy

	 	/s/ Joseph Syufy
	 

	 	 
	Raymond W. Syufy

	 	Joseph Syufy
	Chief Executive Officer

	 	President





[STAMP]

Newark