Document:

EX-10.24

 Exhibit 10.24 

CERTAIN CONFIDENTIAL INFORMATION, IDENTIFIED BY BRACKETED ASTERISKS “[*****]”, HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT
MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 
 THIRD AMENDMENT TO LEASE 

This THIRD AMENDMENT TO LEASE dated as of August 14, 2008 (this “Amendment”) between RCPI LANDMARK PROPERTIES, L.L.C., a Delaware
limited liability company having an address c/o Tishman Speyer, 45 Rockefeller Plaza, New York, New York 10111 (“Landlord”), and RADIO CITY PRODUCTIONS LLC a Delaware limited liability company having an office at 1260 Avenue
of the Americas, New York, New York 10020 (“Tenant”). 
 WITNESSETH 

WHEREAS, RCPI Trust, predecessor-in-interest to Landlord, and Tenant entered into that certain Lease dated as of December 4, 1997, as modified by First
Amendment to Lease dated as of February 19, 1999 and Second Amendment to Lease dated as of October 6, 2002 (as so amended, the “Existing Lease”), covering premises described and defined in the Existing Lease; and 

WHEREAS, Landlord and Tenant desire to modify the Existing Lease to reference the modification of the Guaranty referred to therein; 

NOW, THEREFORE, in consideration of the mutual covenants herein contained, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Landlord and Tenant agree as follows: 
 1. Capitalized Terms. All capitalized terms used and not otherwise defined in this
Amendment shall have the respective meanings ascribed to them in the Original Lease. 
 2. Modifications. As of the date hereof; 

(a) each reference in the Lease to the Guaranty shall mean the Restated Guaranty of Lease attached hereto as Exhibit A. Landlord consents to the
restatement of the Guaranty by such Restated Guaranty of Lease. 
 (b) Section 19.1(l) of the Existing Lease is restated to read as follows:
“(l) if the Guarantor (i) fails to maintain a net worth of at least [*****] and (ii) fails to deliver to Landlord the Letter of Credit (as defined in the Guaranty) or cash in the amount and within the time period set forth in the
Guaranty”. 
 3. Brokerage. Each of Landlord and Tenant represents and warrants to the other that it has not dealt with any broker in connection
with this Amendment other than Tishman Speyer Properties, L.P. (“Broker”) and that, to the best of its knowledge, no other broker negotiated this Amendment or is entitled to any fee or commission in connection herewith. Landlord
shall pay Broker any commission which may be due in connection with this Amendment pursuant to a separate agreement. Each of Landlord and Tenant shall indemnify, defend, protect and hold the other party harmless from and against any and all losses,
liabilities, damages, claims, judgments, fines, suits, demands, costs, interest and expenses of any kind or nature (including reasonable attorneys’ fees and disbursements) incurred in connection with any claim, proceeding or judgment and
the defense thereof which the indemnified party may incur by reason of any claim of or liability to any broker, finder or like agent (other than Broker) arising out of any dealings claimed to have occurred between the indemnifying party and the
claimant in connection with this Amendment, or the above representation being false. The provisions of this Section 3 shall survive the expiration or earlier termination of the term of the Existing Lease, as amended hereby. 

4. Representations and Warranties. (i) Tenant represents and warrants to Landlord that, as of the date hereof, (a) the Existing Lease is in
full force and effect and has not been modified except pursuant to this Amendment; (b) to the best of Tenant’s knowledge, there are no defaults existing under the Existing Lease; (c) to the best of Tenant’s knowledge there exist
no valid abatements, causes of action, counterclaims, disputes, defenses, offsets, credits, deductions, or claims against the enforcement of any of the terms and conditions of the Existing Lease; and (d) this Amendment has been duly authorized,
executed and delivered by Tenant and constitutes the legal, valid and binding obligation of Tenant. 

 (ii) Landlord represents and warrants to Tenant that, as of the date hereof, (a) the Existing Lease is
in full force and effect and has not been modified except pursuant to this Amendment; (b) to the best of Landlord’s knowledge, there are no defaults existing under the Existing Lease; (c) to the best of Landlord’s knowledge,
there exist no valid causes of action, disputes or claims against the enforcement of any of the terms and conditions of the Existing Lease and (d) this Amendment has been duly authorized, executed and delivered by Landlord and constitutes the
legal, valid and binding obligation of Landlord. 
 5. Miscellaneous. (a) Except as set forth herein, nothing contained in this Amendment shall
be deemed to amend or modify in any respect the terms of the Existing Lease and such terms shall remain in full force and effect as modified hereby. If there is any inconsistency between the terms of this Amendment and the terms of the Existing
Lease, the terms of this Amendment shall be controlling and prevail. 
 (b) This Amendment contains the entire agreement of the parties with respect to its
subject matter and all prior negotiations, discussions, representations, agreements and understandings heretofore had among the parties with respect thereto are merged herein. 

(c) This Amendment may be executed in duplicate counterparts, each of which shall be deemed an original and all of which, when taken together, shall
constitute one and the same instrument. 
 (d) This Amendment shall not be binding upon Landlord or Tenant unless and until each party shall have received a
fully executed counterpart of this Amendment. 
 (e) This Amendment shall be binding upon and inure to the benefit of Landlord and Tenant and their
successors and permitted assigns. 
 (f) This Amendment shall be governed by the laws of the State of New York without giving effect to conflict of
laws principles thereof. 
 (g) The captions, headings, and titles in this Amendment are solely for convenience of reference and shall not affect its
interpretation. 
 (h) The liability of Landlord for Landlord’s obligations under this Amendment shall be limited to Landlord’s interest in the
Building and Tenant shall not look to any other property or assets of Landlord or the property or assets of any direct or indirect partner, member, manager, shareholder, director, officer, principal, employee or agent of Landlord (collectively, the
“Parties”) in seeking either to enforce Landlord’s obligations under this Amendment or to satisfy a judgment for Landlord’s failure to perform such obligations; and none of the Parties shall be personally liable for the
performance of Landlord’s obligations under this Amendment. 

  
 -2- 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Third Amendment to Lease as of the day and year
first above written. 
  

					
	LANDLORD
	
	RCPI LANDMARK PROPERTIES, L.L.C.
		
	By:	 	 /s/ Michael B. Benner

		 	Name:	 	Michael B. Benner
		 	Title:	 	Vice President and Secretary
	
	TENANT
	
	RADIO CITY PRODUCTIONS LLC
		
	By	 	 /s/ Robert Pollichino

		 	Name:	 	Robert Pollichino
		 	Title:	 	Executive Vice President

 The undersigned acknowledges the foregoing Amendment and ratifies and confirms all of its obligations under that certain
Restated Guaranty of Lease dated as of August     , 2008 (the “Guaranty”) and agrees that the covenants referred to in the Guaranty shall include the obligations of Tenant under the Existing Lease as amended by
the foregoing Amendment. 
  

					
	GUARANTOR:
	
	MADISON SQUARE GARDEN, L.P.
	A Delaware limited partnership
		
	By	 	 /s/ Lucinda Treat

		 	Name:	 	Lucinda Treat
		 	Title:	 	Executive Vice President

  
 -3-EX-10.25

 Exhibit 10.25 

CERTAIN CONFIDENTIAL INFORMATION, IDENTIFIED BY BRACKETED ASTERISKS “[*****]”, HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT
MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 
 FOURTH AMENDMENT TO LEASE 

This FOURTH AMENDMENT TO LEASE dated as of January 24, 2011 (this “Amendment”) between RCPI LANDMARK PROPERTIES,
L.L.C., a Delaware limited liability company having an address c/o Tishman Speyer, 45 Rockefeller Plaza, New York, New York 10111 (“Landlord”), and RADIO CITY PRODUCTIONS LLC a Delaware limited liability company having an
office at 1260 Avenue of the Americas, New York, New York 10020 (“Tenant”). 
 W I T N E
S S E T H
 WHEREAS, RCPI Trust, predecessor-in-interest to Landlord, and Tenant entered into that
certain Lease dated as of December 4, 1997, as modified by First Amendment to Lease dated as of February 19, 1999, Second Amendment to Lease dated as of October 6, 2002, Letter Agreement dated February 9, 2007 and Third Amendment
to Lease dated as of August 14, 2008 (as so amended, the “Existing Lease”), covering premises described and defined in the Existing Lease; and 

WHEREAS, Landlord and Tenant desire to modify the Existing Lease to change the Computation Year for the purpose of determining the extent to
which, if any, Tenant is obligated to pay Percentage Rent to Landlord; 
 NOW, THEREFORE, in consideration of the mutual covenants herein
contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

1. Capitalized Terms. All capitalized terms used and not otherwise defined in this Amendment shall have the respective meanings
ascribed to them in the Original Lease. 
 2. Effective Date. This Amendment shall be effective upon the adoption by the board of
directors of Madison Square Garden, Inc. of a resolution pursuant to which the fiscal year of Madison Square Garden, Inc. is changed from December 31 to June 30, effective June 30, 2011.” Tenant shall provide prompt written
notice to Landlord upon the adoption of such resolution. 
 3. Modifications. 

(a) Schedule 2, Paragraph (a) of the Existing Lease shall be deleted and replaced with the following: 

“Percentage Rent. Effective July 1, 2011, Tenant shall pay to Landlord as Rent for each year commencing on July 1
and ending on June 30 (or portion thereof) during the Term (“Computation Year”) a sum (Percentage Rent”) equal to the amount if any, by which (i) Tenant’s Gross Revenues (as defined in Section (d)(i)) for
any Computation Year multiplied by [*****] (%) the “Percentage Rent Rate”) exceeds (ii) the Fixed Rent for the Premises payable for such Computation Year. For the purposes of computing the amount of Percentage Rent due,
each Computation Year shall be considered as an independent accounting period and no charge or credit may be taken in any subsequent Computation Year on account of any Gross Revenues in any prior Computation Year. For the period January 1, 2011
through June 30, 2011, Tenant shall pay to Landlord as Percentage Rent a sum equal to the amount if any, by which (i) Tenant’s Gross Revenues (as defined in Section (d)(i)) for such six month period multiplied by the
“Percentage Rent Rate” exceeds (ii) the Fixed Rent for the Premises payable for such six month period. 
 (b) The
following subparagraph (iii) shall be added to Schedule 2, Paragraph (b): 
 “(iii) No later than 90 days after the close of
calendar year 2011, Tenant shall deliver to Landlord, a true, correct and complete statement of Gross Revenues for calendar year 2011 in the same form as that required for Annual Statements, and such statement shall be certified by a senior officer
of Tenant to be in accordance with the requirements of Section (d) and with generally accepted accounting principles, or in lieu thereof, a letter certified by Tenant’s Senior Vice President of Finance and Controller in the form required
under the Letter Agreement dated February 9, 2007. 

 4. Brokerage. Each of Landlord and Tenant represents and warrants to the other that
it has not dealt with any broker in connection with this Amendment other than Tishman Speyer Properties, L.P. (“Broker”) and that, to the best of its knowledge, no other broker negotiated this Amendment or is entitled to any fee or
commission in connection herewith. Landlord shall pay Broker any commission which may be due in connection with this Amendment pursuant to a separate agreement. Each of Landlord and Tenant shall indemnify, defend, protect and hold the other party
harmless from and against any and all losses, liabilities, damages, claims, judgments, fines, suits, demands, costs, interest and expenses of any kind or nature (including reasonable attorneys’ fees and disbursements) incurred in
connection with any claim, proceeding or judgment and the defense thereof which the indemnified party may incur by reason of any claim of or liability to any broker, finder or like agent (other than Broker) arising out of any dealings claimed to
have occurred between the indemnifying party and the claimant in connection with this Amendment, or the above representation being false. The provisions of this Section 3 shall survive the expiration or earlier termination of the term of
the Existing Lease, as amended hereby. 
 5. Representations and Warranties. (i) Tenant represents and warrants to Landlord
that, as of the date hereof, (a) the Existing Lease is in full force and effect and has not been modified except pursuant to this Amendment; (b) to the best of Tenant’s knowledge, there are no defaults existing under the Existing
Lease; (c) to the best of Tenant’s knowledge there exist no valid abatements, causes of action, counterclaims, disputes, defenses, offsets, credits, deductions, or claims against the enforcement of any of the terms and conditions of the
Existing Lease; and (d) this Amendment has been duly authorized, executed and delivered by Tenant and constitutes the legal, valid and binding obligation of Tenant. 

(ii) Landlord represents and warrants to Tenant that, as of the date hereof, (a) the Existing Lease is in full force and effect and has
not been modified except pursuant to this Amendment; (b) to the best of Landlord’s knowledge, there are no defaults existing under the Existing Lease; (c) to the best of Landlord’s knowledge, there exist no valid causes of
action, disputes or claims against the enforcement of any of the terms and conditions of the Existing Lease and (d) this Amendment has been duly authorized, executed and delivered by Landlord and constitutes the legal, valid and binding
obligation of Landlord. 
 6. Miscellaneous. (a) Except as set forth herein, nothing contained in this Amendment shall be deemed
to amend or modify in any respect the terms of the Existing Lease and such terms shall remain in full force and effect as modified hereby. If there is any inconsistency between the terms of this Amendment and the terms of the Existing Lease, the
terms of this Amendment shall be controlling and prevail. 
 (b) This Amendment contains the entire agreement of the parties with respect to
its subject matter and all prior negotiations, discussions, representations, agreements and understandings heretofore had among the parties with respect thereto are merged herein. 

(c) This Amendment may be executed in duplicate counterparts, each of which shall be deemed an original and all of which, when taken together,
shall constitute one and the same instrument. 
 (d) This Amendment shall not be binding upon Landlord or Tenant unless and until each party
shall have received a fully executed counterpart of this Amendment. 
 (e) This Amendment shall be binding upon and inure to the benefit of
Landlord and Tenant and their successors and permitted assigns. 
 (f) This Amendment shall be governed by the laws of the State of New
York without giving effect to conflict of laws principles thereof. 
 (g) The captions, headings, and titles in this Amendment are
solely for convenience of reference and shall not affect its interpretation. 
 (h) The liability of Landlord for Landlord’s
obligations under this Amendment shall be limited to Landlord’s interest in the Building and Tenant shall not look to any other property or assets of Landlord or the property or assets of any direct or indirect partner, member, manager,
shareholder, director, officer, principal, employee or agent of Landlord (collectively, the “Parties”) in seeking either to enforce Landlord’s obligations under this Amendment or to satisfy a judgment for Landlord’s
failure to perform such obligations; and none of the Parties shall be personally liable for the performance of Landlord’s obligations under this Amendment. 

[Remainder of Page Intentionally Left Blank] 

  
 2 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Third Amendment to Lease as of
the day and year first above written. 
  

					
	LANDLORD
	
	RCPI LANDMARK PROPERTIES, L.L.C.
		
	By:	 	 /s/ Michael B. Benner

		 	Michael B Benner
		 	Vice President and Secretary
	
	TENANT
	
	RADIO CITY PRODUCTIONS LLC
		
	By:	 	 /s/ Eugene Heaney

		 	Name:	 	Eugene Heaney
		 	Title:	 	Senior Vice President and Assistant Secretary

 The undersigned acknowledges the foregoing Amendment and ratifies and confirms all of its obligations under that certain
Second Restated Guaranty of Lease dated as of January 24, 2011 (the “Guaranty”) and agrees that the covenants referred to in the Guaranty shall include the obligations of Tenant under the Existing Lease as amended by the
foregoing Amendment. 
  

					
	GUARANTOR:
	
	MADISON SQUARE GARDEN, L.P.
	A Delaware limited partnership
		
	By:	 	 /s/ Robert M. Pollichino

		 	Name:	 	Robert M. Pollichino
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 3

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