Document:

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                                                                    Exhibit 10.1

                             LITTON INDUSTRIES, INC.

                       2000 LONG-TERM STOCK INCENTIVE PLAN

SECTION 1. Purpose

        The purpose of the Program is to promote the continued growth and
success of the Corporation by providing, or increasing, through the Incentive
Awards described herein, the proprietary interests of its Employees who are in a
position to contribute materially to the future accomplishments of the
Corporation. The Program is intended to enable the Corporation through these
incentives to attract and retain experienced Employees of exceptional talent and
industry and align their interest with that of the stockholders to the economic
advantage of the Corporation.

SECTION 2. Definitions

        Unless the context clearly indicates otherwise, the following terms,
when used in this Program, shall have the meanings set forth in this Section 2.

        (a)     "Board" shall mean the Board of Directors of Litton Industries,
                Inc.

        (b)     "Code" shall mean the Internal Revenue Code of 1986, as amended.

        (c)     "Committee" shall mean the Compensation and Selection Committee
                of the Board or such other committee as may be designated by the
                Board. The Committee shall consist of two or more members of the
                Board who are Disinterested Persons.

        (d)     "Commission" shall mean the Securities and Exchange Commission
                or any successor agency.

        (e)     "Corporation" shall mean Litton Industries, Inc., and its
                subsidiaries.

        (f)     "Disinterested Person" shall mean a member of the Board who
                qualifies as a disinterested person as defined in Rule 16b-3, as
                promulgated by the Commission under the Exchange Act or any
                successor definition adopted by the Commission and also
                qualifies as an "outside director" for purposes of Section
                162(m) of the Code.

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        (g)     "Employee" shall mean any common law employee, including
                officers, of the Corporation, as determined in the Code and the
                Treasury Regulations thereunder.

        (h)     "Exchange Act" shall mean the Securities Exchange Act of 1934,
                as amended.

        (i)     "Fair Market Value" shall mean (1) the average between the
                highest and lowest selling prices of the Stock on a particular
                day or (2) if there are no sales on such date, then the average
                of the highest and lowest prices of the first preceding day and
                the first succeeding day on which sales were made. Such prices
                shall be those reported in the New York Stock Exchange-Composite
                Transactions of The Wall Street Journal or such other
                publication as the Committee designates from time to time.

        (j)     "Grantee" shall mean an Employee granted an Incentive Award.

        (k)     "Incentive Award" shall mean a Stock Option, a Stock
                Appreciation Right or Restricted Stock granted pursuant to the
                Program.

        (I)     "Incentive Stock Option" shall mean a Stock Option intended to
                qualify under Section 422 of the Code and the Treasury
                Regulations thereunder.

        (m)     "Nonstatutory Stock Option" shall mean any Stock Option that is
                not intended to qualify as an Incentive Stock Option under
                Section 422 of the Code and the Treasury Regulations thereunder.

        (n)     "Performance Objectives" shall mean the goals, if any, upon
                which the Committee may condition the exercisability of one or
                more Incentive Awards which goals may relate to profits, profit
                growth, profit-related return ratios, cash flow or total
                shareholder return; where such goals may be stated in absolute
                terms or relative to peer performance.

        (o)     "Program" shall mean the Litton Industries, Inc., 2000 Long-Term
                Stock Incentive Plan as set forth herein and as amended from
                time to time.

        (p)     "Restricted Stock" shall mean an Incentive Award granted under
                Section 9.

        (q)     "Rule 16b-3" shall mean Rule 16b-3, as promulgated by the
                Commission under Section 16(b) of the Exchange Act.

        (r)     "Stock" shall mean shares of the Common Stock of Litton
                Industries, Inc.

        (s)     "Stock Appreciation Right" shall mean a right granted under
                Section 8.

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        (t)     "Stock Option" shall mean either an Incentive Stock Option or a
                Nonstatutory Stock Option.

        (u)     "Subsidiary" shall mean any subsidiary corporation of the
                Corporation as defined in Section 424 of the Code.

        (v)     "Totally Disabled" shall mean the condition when an Employee is
                wholly prevented by occupational or non-occupational injury or
                sickness from performing any and every duty pertaining to his or
                her regular occupation or employment.

        (w)     "Treasury Regulations" shall mean the regulations under the
                Code.

SECTION 3. Shares of Stock Subject to Grants

        Subject to the adjustments required under the provisions of Section 10
hereof, the shares of Stock which may be issued or transferred pursuant to
Incentive Awards shall consist of 4,000,000 shares of Stock authorized and
reserved for issuance under the Program. 200,000 of such shares of Stock shall
be available for the grant of Restricted Stock. Shares of Stock which have been
previously authorized to be granted as Incentive Awards, but which were not
granted, or, if granted, expired without having been exercised in full or shares
of Stock which are reacquired in any way by the Corporation shall be available
for the grant of Incentive Awards at any time prior to the termination of the
Program. In instances where an Incentive Award is settled in cash, the shares of
Stock, if any, covered by such Incentive Award shall remain available for
issuance under the Program. Likewise, the payment of cash dividends and dividend
equivalents paid in cash in conjunction with any outstanding Incentive Awards
shall not be counted against the shares of Stock available for issuance under
the Program. Any shares of Stock that are issued by the Corporation, and any
Incentive Awards that are granted through the assumption of, or in substitution
for, any outstanding Incentive Awards previously granted by an acquired entity
shall not be counted against the shares of Stock available for issuance under
the Program.

SECTION 4. Administration of the Program

        The Program shall be administered by the Committee. Subject to the
express provisions of the Program, the Committee shall have plenary authority to
interpret the Program; to prescribe, amend, and rescind rules and regulations
relating to it; to determine the terms and provisions of Incentive Award
agreements and amendments thereto; and to make any and all other determinations
necessary or advisable for the administration of the Program. The Committee may
modify, amend or adjust the terms and conditions of any Incentive Award at any
time, including, but not limited to, the Performance Objectives or measurements
applicable to performance-based Incentive Awards pursuant to the terms of the
Program; provided, however, that the Committee

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shall not have the authority to reduce the exercise price of any outstanding
Stock Option, other than pursuant to Section 10 hereof, and further provided,
that no such modification or amendment may be made if it could, in the best
judgment of the Committee, prevent any Incentive Award held by any Grantee who
may be subject to the limits on deductibility of compensation provided in
Section 162(m) of the Code from qualifying for the performance-based
compensation exemption under Section 162(m) of the Code. Any controversy or
claim arising out of or related to this Program shall be determined unilaterally
by and at the sole discretion of the Committee.

        The Committee may act only by a majority of its members. The Committee
may (i) delegate to one or more executive officers of the Corporation the
authority to make decisions pursuant to paragraphs (b), (c), (e) and (f) of
Section 5 (provided that no such delegation may be made that would cause
Incentive Awards or other transactions under the Program to cease to be exempt
from Section 16(b) of the Exchange Act or Section 162(m) of the Code) and (ii)
authorize any one or more of their members or an officer of the Corporation to
execute and deliver documents on behalf of the Committee.

SECTION 5. Granting of Incentive Awards

        (a) Any Employee of the Corporation shall be eligible to receive
Incentive Awards under the Program.

        (b) The Committee shall determine and designate from time to time those
Employees who are to be granted Incentive Awards, the type of Incentive Award to
be granted, and the amount subject to each Incentive Award, provided, that in
any one fiscal year, no Grantee may be granted Incentive Awards covering more
than 250,000 shares of Stock.

        (c) The Committee shall determine whether any particular Stock Option
shall become exercisable in one or more installments and the date or dates upon
which any such installments first become exercisable. Further, the Committee may
make such other provisions, including, but not limited to, Performance
Objectives.

        (d) No Stock Option shall be exercisable more than ten years from the
date the Stock Option was granted.

        (e) Upon the exercise of any Stock Option, the Grantee shall pay the
option exercise price provided in the particular Stock Option agreement. The
Committee may permit payment to be in Stock. To the extent Stock is tendered as
payment, it shall be valued at its then Fair Market Value.

        (f) The Committee may at any time grant new Incentive Awards to an
Employee who has previously received Incentive Awards or other grants (including
other Stock Options) whether such prior Incentive Awards or such other grants
are still outstanding, or have previously been exercised in whole or in part.
The purchase price of

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the Incentive Awards may be established by the Committee without regard to the
existing Incentive Awards or such other grants. Further, the Committee may, with
the consent of the Grantee, amend the terms of any existing Incentive Award
previously granted to include any provisions which could be incorporated in such
Incentive Award at the time of such amendment. Solely to illustrate the
foregoing power, but without limiting its scope, such amendments may accelerate
the period of exercise or the vesting period of any Incentive Award, or
installment thereof, either absolutely or conditionally for whatever reasons the
Committee deems appropriate, including without limitation, compensatory
considerations, events which would result in the delisting of the Stock,
significant changes in the management or control of the Corporation, or the
occurrence of any attempt to effect such changes.

SECTION 6. Nonstatutory Stock Options

        (a) There shall be available for the grant of Incentive Awards in the
form of Nonstatutory Stock Options the number of shares of Stock specified in
Section 3 of the Program, less the number of shares of Stock utilized for the
grant of Incentive Stock Options and Restricted Stock pursuant to Sections 7 and
9 of the Program.

        (b) When granting a Nonstatutory Stock Option to a key Employee, the
Committee shall determine the purchase price of the Stock subject thereto. Such
price shall not be less than 100% of the Fair Market Value of such Stock on the
date the Nonstatutory Stock Option is granted.

        (c) All provisions of this Program except Sections 7, 8 and 9 shall
apply to Nonstatutory Stock.

SECTION 7. Incentive Stock Options

        An Incentive Award in the form of an Incentive Stock Option shall be
subject to the following provisions:

        (a) Subject to subsections (c) and (d) hereof, there shall be available
for the grant of Incentive Awards in the form of Incentive Stock Options the
number of shares of Stock specified in Section 3 of the Program, less the number
of shares of Stock utilized for the grant of Nonstatutory Stock Options and
Restricted Stock pursuant to Sections 6 and 9 of the Program.

        (b) When granting an Incentive Stock Option to a key Employee, the price
of an Incentive Stock Option shall not be less than 100% of the Fair Market
Value of the Stock subject thereto on the date Incentive Stock Option is
granted.

        (c) Notwithstanding any other provisions hereof, in the case of
Incentive Stock Options, the aggregate Fair Market Value (determined at the time
the Incentive

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Stock Option is granted) of the Stock with respect to which Incentive Stock
Options are exercisable for the first time by the Grantee during any calendar
year (under all incentive stock option plans of the Grantee's employer
corporation and its parent and subsidiary corporations) shall not exceed
$100,000.

        (d) All provisions of this Program except Sections 6, 8, 9 and 12(d)(ii)
and (iii) shall apply to Incentive Stock Options.

SECTION 8. Stock Appreciation Rights

        Stock Appreciation Rights may be granted independently of or in
conjunction with all or part of any Stock Option granted under the Program. In
the case of an Incentive Stock Option, such rights may be granted only at the
time of grant of such Incentive Stock Option. In the case of a Stock
Appreciation Right granted with a related Stock Option, a Stock Appreciation
Right shall terminate and no longer be exercisable upon the termination or
exercise of the related Stock Option.

        A Stock Appreciation Right may be exercised by a Grantee in accordance
with procedures established by the Committee and, in the case of a Stock
Appreciation Right granted with a related Stock Option, by surrendering the
applicable portion of the Stock Option in accordance with such procedures. Upon
the exercise of a Stock Appreciation Right, a Grantee shall be entitled to
receive an amount in cash, shares of Stock or both, equal in value to the excess
of the Fair Market Value of one share of Stock over the price per share
specified in the grant of the Stock Appreciation Right, which shall be not less
than the Fair Market Value of the Stock on the date of grant or in the related
Stock Option multiplied by the number of shares in respect of which the Stock
Appreciation Right shall have been exercised, with the Committee having the
right to determine the form of payment.

        In the case of Stock Appreciation Rights not granted in conjunction with
Stock Options, the Committee may, prior to the grant, condition the vesting of
any such Stock Appreciation Right upon the attainment of Performance Objectives
and upon the continued service of the Grantee.

SECTION 9. Performance Based Restricted Stock

        (a) The Committee shall, prior to grant, condition the vesting of
Restricted Stock upon the attainment of Performance Objectives and upon the
continued service of the Grantee.

        To the extent required by Section 162(m) of the Code or otherwise deemed
advisable by the Committee, it shall be a condition precedent to the vesting of
Restricted Stock, or any installment thereof, that the Committee certify in
writing that any Performance Objectives relative to such vesting has or have in
fact been satisfied.

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        (b) Shares of Restricted Stock shall be evidenced in such manner as the
Committee may deem appropriate, including book-entry registration or issuance of
one or more Stock certificates. Any certificate issued in respect of shares of
Restricted Stock shall be registered in the name of such Grantee and shall bear
an appropriate legend referring to the terms, conditions, and restrictions
applicable to such Restricted Stock, substantially in the following form:

        "The transferability of this certificate and the shares of stock
        represented hereby are subject to the terms and conditions (including
        forfeiture) of the Litton Industries, Inc. 2000 Long-Term Stock
        Incentive Plan and a Restricted Stock Agreement. Copies of such Plan and
        Agreement are on file at the offices of Litton Industries, Inc., 21240
        Burbank Boulevard, Woodland Hills, California 91367."

        The Committee may require that the certificates evidencing such shares
of Stock be held in custody by the Corporation until the restrictions thereon
shall have lapsed and that, as a condition of any Incentive Award of Restricted
Stock, the Grantee shall have delivered a stock power, endorsed in blank,
relating to the Stock covered by such Incentive Award.

        (c) The Committee shall determine the per share amount, if any, to be
paid by a Grantee for each Incentive Award in the form of Restricted Stock.
There shall be a minimum payment of the total par value of the Stock by the
Grantee to the Corporation as required by law. Each Incentive Award in the form
of Restricted Stock shall be confirmed by, and be subject to the terms of, a
Restricted Stock agreement.

SECTION 10. Adjustment Provisions

        (a) If the shares of Stock outstanding are changed in number or class by
reason of a split-up, merger, consolidation, reorganization, reclassification,
recapitalization, or any capital adjustment, including a stock dividend, or if
any distribution is made to the holders of Stock other than a cash dividend,
then

               (1) the aggregate number and class of shares of Stock or other
        securities that may be issued or transferred pursuant to Sections 3, 6,
        7, 8, or 9 and

               (2) the number and class of shares or other securities which are
        payable under outstanding Incentive Awards shall be adjusted as provided
        hereinafter.

        (b) Adjustments under this Section 10 shall be made in an equitable
manner by the Committee, whose determination as to what adjustments shall be
made, and the extent thereof, shall be final, binding, and conclusive. Such
adjustments may include (i) treating employment with a corporation the stock of
which was distributed to holders of

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Stock (or a subsidiary of such a corporation) as employment with the Corporation
for purposes of the Program and (ii) adjustments of the purchase price to be
paid per share of Stock under outstanding Incentive Awards.

        (c) In the event of a corporate merger or consolidation, or the
acquisition by the Corporation of property or stock of an acquired corporation
or any reorganization or other transaction qualifying under Section 424 of the
Code, the Committee may, in accordance with the provisions of that Code section,
substitute Incentive Awards under this Program for incentive awards under the
plan of the acquired corporation provided (i) the excess of the aggregate Fair
Market Value of the outstanding Incentive Awards immediately after the
substitution over the aggregate price of such Incentive Awards is not more than
the similar excess immediately before such substitution and (ii) the new
Incentive Awards do not give the Employee additional benefits, including any
extension of the exercise period.

SECTION 11. Termination of Employment

        (a) Unless otherwise determined by the Committee, if a Grantee incurs a
termination of employment, any Stock Option held by such Grantee shall thereupon
terminate, except that such Stock Option, to the extent then exercisable, or on
such accelerated basis as the Committee may determine, may be exercised for the
lesser of three months from the date of such termination of employment or the
balance of such Stock Option's term; provided, however, that if the Grantee dies
within such three-month period, any unexercised Stock Option held by such
Grantee shall notwithstanding the expiration of such three-month period,
continue to be exercisable to the extent to which it was exercisable at the time
of death for a period of 12 months from the date of such death or until the
expiration of the stated term of such Stock Option, whichever period is the
shorter.

        (b) If a Grantee incurs a termination of employment, he or she will be
considered to be an Employee for purposes of this Program so long as the
following conditions are met:

               (i) The Grantee and the Corporation enter into a written
        agreement, with the approval of the Secretary of the Committee, pursuant
        to which the Grantee renders such advisory or consulting services to the
        Corporation as may be required by said agreement from time to time;

               (ii) The Grantee shall not, without prior written consent of the
        Corporation, disclose or utilize confidential information or material
        concerning the Corporation, its business and affairs, except in
        furtherance of the Corporation's interests and at its request; and

               (iii) The Grantee shall not engage in any activity which competes
        or conflicts with, or is inimical to, the best interests of the
        Corporation.

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SECTION 12. General Provisions

        (a) Each Incentive Award shall be evidenced by a written instrument
containing such terms and conditions, not inconsistent with this Program, as the
Committee shall approve.

        (b) The granting of an Incentive Award in any year shall not give the
Grantee any right to similar grants in future years or any right to be retained
in the employ of the Corporation, and all Employees shall remain subject to
discharge to the same extent as if the Program were not in effect.

        (c) No Employee, and no beneficiary or other person claiming under or
through such Employee, shall have any right, title, or interest by reason of any
Incentive Award to any particular assets of the Corporation or any shares of
Stock allocated or reserved for the purposes of the Program or subject to any
Incentive Award except as set forth herein. The Corporation shall not be
required to establish any fund or make any other segregation of assets to assure
the payment of any Incentive Award.

        (d) The Committee shall determine at the time an Incentive Award is
granted the extent to which such Incentive Award is transferable; provided,
however, that Incentive Awards granted under the Program shall not be
transferable or assignable other than:

               (i) by will or the laws of descent and distribution;

               (ii) by gift or other transfer of an award to any trust or estate
        in which the original Incentive Award Grantee or such Grantee's spouse
        or other immediate relative has a substantial beneficial interest, or to
        a spouse or other immediate relative, provided that any such transfer is
        permitted subject to Rule 16b-3 under the Exchange Act as in effect when
        such transfer occurs and the Board does not rescind this provision prior
        to such transfer; or

               (iii) pursuant to a qualified domestic relations order (as
        defined by the Code).

However, any Incentive Award so transferred shall continue to be subject to all
the terms and conditions contained in the instrument evidencing such Incentive
Award. Notwithstanding the foregoing, Incentive Awards granted as Incentive
Stock Options or as Stock Appreciation Rights granted in conjunction with
Incentive Stock Options shall (i) only be transferable pursuant to (i) above;
and (ii) shall be exercisable during the Grantee's lifetime only by the Grantee.

        In the event that a Grantee terminates employment with the Corporation
to assume a position with a governmental, charitable, educational or non-profit
institution,

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the Committee may subsequently authorize a third party, including but not
limited to a "blind" trust, to act on behalf of and for the benefit of such
Grantee regarding any outstanding Incentive Awards held by the Grantee
subsequent to such termination of employment. If so permitted by the Committee,
a Grantee may designate a beneficiary or beneficiaries to exercise the rights of
the Grantee and receive any distribution under the Program upon the death of the
Grantee.

        (e) Notwithstanding any other provision of this Program or agreements
made pursuant thereto, the Corporation shall not be required to issue or deliver
any certificate or certificates for shares of Stock under this Program prior to
fulfillment of all of the following conditions:

               (1) The listing, or approval for listing upon notice of issuance,
        of such shares on the New York Stock Exchange, Inc., or such other
        securities exchange as may at the time be the principal market for the
        Stock;

               (2) Any registration or other qualification of such shares of the
        Corporation under any state or federal law or regulation, or the
        maintaining in effect of any such registration or other qualification
        which the Committee shall, in its absolute discretion upon the advice of
        counsel, deem necessary or advisable; and

               (3) The obtaining of any other consent, approval, or permit from
        any state or federal governmental agency which the Committee shall, in
        its absolute discretion after receiving the advice of counsel, determine
        to be necessary or advisable.

        (f) All payments to Grantees or to their legal representatives shall be
subject to any applicable tax, community property, or other statutes or
regulations of the United States or of any state having jurisdiction thereof.
The Grantee may be required to pay to the Corporation the amount of any
withholding taxes which the Corporation is required to withhold with respect to
an Incentive Award or its exercise. In such instances, the Committee may, in its
discretion and subject to such rules as it may adopt, permit the Grantee to
satisfy such obligations, in whole or in part, by electing to have the
Corporation withhold shares of Stock, or by transferring to the Corporation
shares of Stock, having a then Fair Market Value which is equal to or more than
the amount of withholding tax required to be withheld.

        (g) In the case of a grant of an Incentive Award to any Employee of a
Subsidiary, the Corporation, may, if the Committee so directs, issue or transfer
the shares, if any, covered by the Incentive Award to the Subsidiary, for such
lawful consideration as the Committee may specify, upon the condition or
understanding that the Subsidiary will transfer the shares of Stock to the
Employee in accordance with the terms of the Incentive Award specified by the
Committee pursuant to the provisions of the Program.

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SECTION 13. Amendment or Termination

        The Board or the Committee with the approval of the Board, may, at any
time, alter, amend, suspend, discontinue, or terminate this Program; provided,
however, that such action shall not adversely affect the right of Grantees to
Incentive Awards previously granted. No amendment without the approval of the
stockholders of the Corporation may (i) increase the maximum number of shares of
Stock which may be awarded under the Program in the aggregate; (ii) materially
increase the benefits accruing to Grantees under the Program; (iii) change the
class of Employees eligible to receive Incentive Awards under the Program; or
(iv) materially modify the eligibility requirements for participation in the
Program.

SECTION 14. Effective Date and Duration of Program

        The Program became effective September 21, 2000 upon its approval by the
Board. The Program, as so amended, shall terminate on September 20, 2010, the
day immediately preceding the tenth anniversary of the date of adoption of the
first of such amendments by the Board, and no Incentive Award may be granted
under the Program thereafter, but such termination shall not affect any
Incentive Award theretofore granted.

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                                                                   EXHIBIT 10.78

[APCOA/STANDARD PARKING LETTERHEAD]

                   AMENDMENT OF PARKING MANAGEMENT AGREEMENT
                   -----------------------------------------

     THIS AMENDMENT OF PARKING MANAGEMENT AGREEMENT ("Amendment") is made and
entered into as of this ____ day of ________, 2000 by and between SEAVIEW
RESTAURANTS, INC. (hereinafter referred to as "Owner"), and APCOA/STANDARD
PARKING, INC., a Delaware corporation and successor in interest to Executive
Parking, Inc. (hereinafter referred to as "Operator"),

                                   RECITALS:
                                   ---------

     A.   Owner is the concessionaire under a Concession Agreement with the
County of Los Angeles dated as of November 1, 1997, as amended, with respect to
certain restaurant and related operations on real property controlled by said
County, which real property includes that certain parking lot described as
follows: Gladstone's 4 Fish Parking Lot, 17300 Pacific Coast Highway, Pacific
Palisades, California ("Parking Lot").

     B.   Owner and Operator are parties to a certain Parking Management
Agreement dated January 19, 1995 ("Agreement"), pursuant to which Operator
provides parking services at the Parking Lot, all as further described in the
Agreement.

     C.   Owner and Operator desire to amend the Agreement upon the terms and
conditions set forth herein.

     NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements herein set forth, Owner and Operator agree as follows:

     1.   RECITALS. The above recitals are true and correct and incorporated
herein. The terms defined in the Agreement shall have the same meanings when
used herein, unless expressly defined otherwise herein.

     2.   EXTENSION OF TERM. The term of the Agreement, currently
month-to-month, is hereby extended for a fixed term of two (2) years, from
January 1, 2001, through and including December 21, 2002 ("Extended Term"), and
automatically continuing thereafter from month to

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     3.   TERMINATION RIGHTS. From the date of this Amendment and through the
duration of the Extended Term, the Agreement may be terminated only for cause.
Causes for termination shall include: (a) default (subject to the defaulting
party's right to written notice and right to cure, as described in Section 7
herein); (b) termination or expiration of Owner's Concession Agreement with the
County, without replacement thereof; and (c) any inability to use the Parking
Lot for parking purposes in connection with Owner's operations (for example,
but without limitation, eminent domain proceedings or damage or destruction of
the underlying real property). During any month to month extension beyond the
Extended Term, either party may terminate the Agreement, without cause, upon at
least 30 days prior written notice to the other party.

     4.   MANAGEMENT FEES. During the Extended Term and any further extension
of the Agreement, Operator's base management fee and incentive management fee
shall continue to be determined as set forth in Section 4 of the Agreement.
However, Operator agrees that any portion of the incentive management fee based
on net operating profit over $200,000 but less than $210,000 shall be paid to
Operator's staff at the Parking Lot ("Staff's Share of the Incentive Fee").
Operator shall have sole discretion as to how the Staff's Share of the
Incentive Fee shall be allocated among the Parking Lot staff. In addition, for
purposes of calculating the Staff's Share of the Incentive Fee, Park Media
Revenues (defined in Section 5 herein) shall not be included in the calculation
of net operating profit. Park Media Revenues for all other purposes are
included in the calculation of net operating profit and Operator's incentive
management fee.

     5.   PARK MEDIA REVENUES. Subject to Owner's approval, which approval may
not be unreasonably withheld or delayed, Operator shall have the right to use
the Parking Lot for advertising, staging of promotional events and distribution
of product samples (collectively, "Park Media Events") and the revenues from
such Park Media Events shall be deemed gross revenues and included in the
calculation of Operator's incentive management fee.

     6.   LOAN TO OWNER. During calendar year 2000 and during each year of the
Extended Term, upon request of Owner, Operator shall loan to Owner an amount
(each such loan, a "Loan to Owner") not to exceed One Hundred Fifty Thousand
Dollars ($150,000) in any calendar year. Said annual Loan to Owner shall not be
made prior to November 1, nor later than December 31, of any calendar year. The
annual Loan to Owner, plus interest at the prime rate of interest as published
in The Wall Street Journal as of the date said loan is made, shall be repaid to
Operator by Owner by July 31 of the calendar year immediately following the
calendar year in which the Loan to Owner is made (thus, for example, a Loan to
Owner made in December 2000 must be repaid to Operator by July 31, 2001).
Accordingly, in order to repay the Loan to Owner, plus interest as aforesaid,
Operator is hereby authorized to retain all net operating profit derived from
the Parking Lot operations (including Park Media revenues) from the date each
Loan to Owner is made until

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such time as Operator is repaid in full. The interest hereunder shall be charged
on the unpaid balance of the Loan to Owner, less any net operating profit
retained by Operator.

     Although the Agreement is terminable only for cause, as set forth in this
Amendment, if the Agreement should terminate for any reason prior to complete
repayment of the Loan to Owner, plus interest as aforesaid, or if the Parking
Lot's net operating income should be insufficient to fully repay Operator by
September 30 of the calendar year immediately following the calendar year in
which the Loan to Owner is made, then Owner shall reimburse the unpaid amount as
of the date of such early termination or as of such September 30, as applicable.
In the event Owner should fail to repay the Loan to Owner plus accrued interest
when due hereunder, Operator shall be entitled to: (a) recover from Owner its
costs and fees, including, without limitation, reasonable attorneys fees and
court costs, incurred in attempting to enforce its rights hereunder; and (b)
pursue any and all other remedies available at law or in equity to collect the
amounts due.

     7.   DEFAULT. Either party shall have the right to terminate the Agreement
upon a breach by the other party of any of the covenants, terms and conditions
of the Agreement, provided the defaulting party first receives written notice
of such breach and fails to remedy same within thirty (30) days after said
notice thereof is received, or fails to commence curing such breach within said
thirty-day period in the event such breach cannot be reasonably cured within
thirty days.

     Either party shall also have the right to terminate this Amendment of
Parking Management Agreement in the event the other party files a voluntary
petition or similar action in bankruptcy, insolvency, receivership or makes an
assignment for the benefit of creditors, which action is not dismissed within
sixty (60) days.

     8.   NOTICES. Any notice or communication required to be given to or
served upon either party hereto shall be given or served by personal service
or express delivery or by mailing the same, postage prepaid, by United States
registered or certified mail, return receipt requested, at the following
addresses:

          TO OWNER:       SEAVIEW RESTAURANTS, INC.
                          17383 Sunset Blvd., Suite 140
                          Pacific Palisades, CA 90272

          TO OPERATOR:    APCOA/STANDARD PARKING, INC.
                          707 Wilshire Boulevard, 35th Floor
                          Los Angeles, CA 90017

                                       3

<PAGE>   4

          With copy to:        APCOA/STANDARD PARKING, INC.
                               Attn: Legal Dept.
                               900 N. Michigan Avenue
                               Suite 1600
                               Chicago, IL 60611

     Either party may designate a substitute address at any time hereafter by
written notice thereof to the other party.

     9.   NO OTHER CHANGES. Except as modified herein, the Agreement remains in
full force and effect upon its original terms and conditions.

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment of
Parking Management Agreement the date first above written.

OWNER

SEAVIEW RESTAURANTS, INC.

By:     /s/ ALAN REDHEAD
   ----------------------------------------
(Name)  Alan Redhead, C.E.O.

OPERATOR

APCOA/STANDARD PARKING, INC.

By:  /s/ EDWARD SIMMONS
   ----------------------------------------
    Edward Simmons
    Chief Executive Officer, Western Region

                                       4

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