Document:

Amendment to UCF Hotel Venture Ground Lease

 Exhibit 10.9 
  

			
	 THIS INSTRUMENT PREPARED BY
 AND SHOULD BE RETURNED TO:
	  	 INSTR 20030297374
 OR BK 06931
PG 4975

		
	 Peter G. Latham, Esq.
 GRONEK & LATHAM, LLP
 390 North Orange Avenue, Suite 600
 Orlando, Florida 32801
 (407) 481-5800
	  	 MARTHA O. HAYNIE, COMPTROLLER
 ORANGE COUNTY, FL
 05/30/2003 10: 58:12 AM
 REC FEE 87.00

 For Recording Purposes Only 
 AMENDMENT TO GROUND LEASE 
 AND TO RESORT COVENANTS AND

 RECIPROCAL EASEMENT AGREEMENT 
 RELEASE AND GRANT OF RESTRICTION 
 THIS AMENDMENT TO GROUND LEASE AND TO
RESORT COVENANTS AND RECIPROCAL EASEMENT AGREEMENT, RELEASE AND GRANT OF RESTRICTION, dated as of May 29, 2003 (this “Release”), between UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD., a Florida limited partnership, successor by conversion
to Universal City Development Partners, a Florida general partnership and successor by merger / conversion to Universal City Florida Partners, a Florida general partnership (the “Landlord”), and UCF HOTEL VENTURE, a Florida general
partnership (the “Tenant”). 
 R E C I T A L S 
 WHEREAS, Landlord and Tenant previously entered into that certain Ground Lease dated as of June 12, 1998 (the “Ground
Lease”), together with that certain First Amendment to Ground Lease dated as of June 12, 1998 (the ‘First Amendment), as evidenced by that certain Memorandum of Ground Lease dated as of June 12, 1998 and recorded June 26,
1998 in Official Records Book 5512, Page 3855, Public Records of Orange County, Florida (the ‘Original Memorandum”) and that certain Second Amendment to Ground Lease dated as of February 20, 2001 and recorded February 21, 2001 in
Official Records Book 6198, Page 4666, Public Records of Orange County, Florida (the “Second Amendment”, and together with the Ground Lease, the First Amendment and the Memorandum, collectively, the “Lease”). 
 WHEREAS, in connection with the Lease, Landlord and Tenant previously entered into that certain Resort Covenants and Reciprocal
Easement Agreement dated as of June 12, 1998 and recorded June 26, 1998 in Official Records Book 5512, Page 3886, Public Records of Orange County, Florida (the “Original RCREA”), as modified by that certain First Amendment to
Resort Covenants and Reciprocal Easement Agreement dated as of February 20, 2001 and recorded February 21, 2001 in Official Records Book 6198, Page 4690, Public Records of Orange County, Florida (the “First Amendment to RCREA”
and together with the Original RCREA, collectively, the “RCREA”). 

 WHEREAS, the parties have agreed that neither a hotel nor a property with a time
share or time interval form of ownership shall be developed on the Third Phase II Site (as defined in the Lease). 
 WHEREAS, Landlord desires to sell and convey the Third Phase II Site to a third party purchaser and Tenant has consented to Landlord’s sale and conveyance of the Third Phase II Site to said third party purchaser so
long as said Third Phase II Site is not developed as a hotel or property with a time share or time interval form of ownership. 
 WHEREAS, Landlord and Tenant desire to amend the Lease and the RCREA to evidence Tenant’s consent to the sale and transfer of the Third Phase II Site, release the Third Phase II Site from any rights Tenant may have in
and to the Third Phase II Site, subject to the terms and conditions contained herein. 
 NOW, THEREFORE, in
consideration of the mutual and reciprocal covenants herein made, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
 1. Recitals. The Recitals as set forth above are agreed to be true and correct and are incorporated herein by this reference.

 2. Release. Subject to Landlord’s satisfaction of the conditions set forth in Section 3 below, Tenant
hereby forever fully discharges and releases the Third Phase II Site from and against any and all right, title or interest Tenant may have in or to the Third Phase II Site, including, without limitation, rights arising out of, or relating to, the
Lease or RCREA or any other contracts, leases, rights to lease, rights to purchase, rights of first refusal, rights of first offer, options to lease, options to purchase, options to develop, options to occupy, easements, licenses, rents, profits,
notices, filings with governmental authorities, reservations, entitlements and/or development rights. 
 3. Condition of
Release / Grant of Restrictive Covenant. Tenant has agreed to the Release in Section 2 above on the condition that the Third Phase II Site is not developed or utilized as a hotel or property with a time share or time interval form
of ownership. Landlord hereby grants to Tenant and hereby covenants to Tenant that any deed of conveyance of the Third Phase II Site shall be subject to the Declaration of Restrictive Covenants attached hereto and incorporated herein by this
reference as Exhibit “A” (the “Declaration”), and Landlord will record the Declaration in the Public Records of Orange County, Florida prior to the recording of any such deed of conveyance. Landlord hereby expressly
acknowledges and agrees that such recordation shall be a condition precedent of the effectiveness of this Release. In addition, Landlord hereby represents and warrants to Tenant that any such sale of the Third Phase II Property will not
(a) adversely affect the present zoning, permits, or entitlements applicable to the Phase I Hotels as of the date hereof, or (b) prevent or impair the development of the Primary Phase II Hotels as the Primary Phase II Hotels are
contemplated in the Lease, RCREA or Partnership Agreement as of the date hereof. 
  

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 4. Amendment to Lease and RCREA. Any and all references and provisions
relating to the Third Phase II Site, the Third Phase II Property and Hotel Site F in the Lease and RCREA are hereby deleted in their entirety. All references in the Lease and RCREA to the Phase II Hotels shall no longer include the Third
Phase II Property and all references in the Lease, RCREA and Partnership Agreement to the Phase II Sites shall no longer include Hotel Site F. Although all references to Hotel Site F have been deleted from the RCREA, the parties acknowledge and
agree that the allocations with respect to the Infrastructure Costs set forth in Schedule 4.1 to the RCREA shall not change or be reallocated and, therefore, Landlord shall be responsible for the full cost of the Infrastructure Costs allocated to
Hotel Site F pursuant to the RCREA. In addition, notwithstanding anything to the contrary in Section 13.5(a) of the RCREA, the parties acknowledge and agree that URH shall have no right to elect to have an executive golf course located on the
Phase II Sites. 
 5. Terms. Any term not defined herein shall have the definition ascribed to such term in the
Lease. 
 6. Recording of Release. Landlord and Tenant agree that this Release shall be recorded in the Public
Records of Orange County, Florida, to give notice thereof. 
 7. Continued Effect. Except as herein modified, the
Lease and RCREA are in full force and effect and each party represents and warrants to the other that neither party is in default under the Lease and that no state of facts exists which, if continued, would create a default by the other party as of
the date of this Release. In the event of any conflict between the Lease or the RCREA and this Release, this Release shall control. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 3 

											
	Signed, sealed and delivered in the presence of:	 	TENANT:
		
		 	UCF HOTEL VENTURE, A FLORIDA GENERAL PARTNERSHIP
				
		 		 	By:	 	Loews Orlando Hotel Partner, Inc.,
	 /s/ Gary W. Garson
	 		 		 	a general partner
						
	Printed Name:	 	 Gary W. Garson
	 		 		 	By:	 	 /s/ Vincent F. Dunleavy

					
	 /s/ Sandra Grant-Wooten
	 		 		 	Name:	 	 Vincent F. Dunleavy

						
	Printed Name:	 	 Sandra Grant-Wooten
	 		 		 	Its:	 	 Vice President

 STATE OF New York 
 COUNTY OF New York 
 I HEREBY CERTIFY that on this day before me, an
officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared Vincent F. Dunleavy as Vice President of LOEWS ORLANDO HOTEL PARTNER, INC., a general partner of UCF HOTEL VENTURE, a Florida general partnership,
and who [X] is personally known to me or [            ] produced
                     as identification, and that he acknowledged executing the same on behalf of said corporation and partnership in the presence of
two subscribing witnesses, freely and voluntarily, for the uses and purposes therein expressed. 
 WITNESS my hand and official
seal in the County and State last aforesaid this 29 day of January, 2002. 
  

	
	 /s/ Carol Doktorsig

	Signature of Notary
	
	 Carol Doktorsig

	 Name of Notary (Typed, Printed or Stamped)
 Commission Number (if not legible on seal):
 My Commission Expires (if not legible on
seal):

  

 4 

 IN WITNESS WHEREOF, the parties have hereunto executed this Declaration and have intended
the same to become effective as of the day and year first above written. 
  

											
	Signed, sealed and delivered in the presence of:	 		 	UCDP:
			
	 /s/ Maryanne Brown
	 		 	UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD., a Florida limited partnership
	Signature	 		 
				
	 Maryanne Brown
	 		 	By:	 	 UNIVERSAL CITY FLORIDA HOLDING
 CO. II, a Florida general partnership

	Print/Type Name	 		 		 
					
	 /s/ Denise Brock
	 		 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT II LLC, a Delaware limited liability company, as Partner
	Signature	 		 		 		 
						
	Print/Type Name:	 	 Denise Brock
	 		 		 	By:	 	 /s/ Peter C. Giacalone

						
		 		 		 		 	Name:	 	 Peter C. Giacalone

						
		 		 		 		 	Title:	 	 Vice President

  

							
	STATE OF FLORIDA	 	)	  		  	
	COUNTY OF ORANGE	 	)	  		  	

 I HEREBY CERTIFY that on this day before me, an officer duly authorized in the State
and County aforesaid to take acknowledgments, personally appeared Peter Giacalone as Vice President of UNIVERSAL CITY PROPERTY MANAGEMENT II LLC, as partner of UNIVERSAL CITY FLORIDA HOLDING CO. II, a general partner of UNIVERSAL CITY DEVELOPMENT
PARTNERS, LTD., a Florida limited partnership and who [X] is personally known to me or [            ] produced
                     as identification, and that he acknowledged executing the same on behalf of said corporation and partnership in the presence of
two subscribing witnesses, freely and voluntarily, for the uses and purposes therein expressed. 
  

 5 

 WITNESS my hand and official seal in the County and State last aforesaid this 21st day of
May, 2003. 
  

	
	 /s/ Maryanne Brown

	Signature of Notary
	
	 Maryanne Brown

	Print Name

 (NOTARIAL SEAL) 
  

 6 

 EXHIBIT “A” 
  

			
	 THIS INSTRUMENT PREPARED BY
 AND SHOULD BE RETURNED TO:
	 	 INSTR 20030297374
 OR BK 06931
PG 4980

		
	 Peter G. Latham, Esq.
 GRONEK & LATHAM, LLP
 390 North Orange Avenue, Suite 600
 Orlando, Florida 32801
 (407) 481-5800
	 	

 For Recording Purposes Only 
 DECLARATION OF RESTRICTIVE COVENANTS 
 THIS
DECLARATION, OF RESTRICTIVE COVENANTS (this “Declaration”) is made and entered into this 29 day of May, 2002, by and among UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD., a Florida limited partnership (“UCDP”) UCF HOTEL VENTURE, a,
Florida general partnership (“UCF) and DELUCA ENTERPRISES, INC., a Pennsylvania corporation, d/b/a DELUCA GROUP, INC. (the “Buyer”). 
 W I T N E S S E T H 
 WHEREAS, Buyer has of even date herewith purchased from UCDP a portion of the Property (as hereinafter defined); and 
 WHEREAS, UCDP has retained fee simple title to certain property more particularly described on Exhibit “A” attached hereto and incorporated herein by this reference (the “UCDP Property”); and 
 WHEREAS, UCF is the leasehold owner of a portion of the UCDP Property pursuant to that certain Ground Lease between UCF and UCDP, dated as
of June 12, 1998, as amended (the “Lease”), and UCF has agreed to release certain rights and options granted to UCF pursuant to the Lease with respect to that certain real property located in Orange County, Florida, which is more
particularly described on Exhibit “B” attached hereto and incorporated herein by this reference (the “Property”); provided that the Property may not be used as a hotel or property with a time share or time interval
form of ownership; and 
 WHEREAS, the parties mutually desire to protect their respective rights, benefits, uses, and enjoyment
of the UCDP Property and the Property, and as a result, have agreed to impose certain restrictions and limitations upon the Property as hereinafter set forth. 
  

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 NOW, THEREFORE, in consideration of the mutual premises, covenants, and agreement herein
made and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
 1. Recitals. The foregoing recitals are true and correct and incorporated herein by this reference. 
 2. Specific Restriction or Limitation on Use of Property. The Property shall be used, occupied, and enjoyed subject to the restrictions and limitations that the development or utilization of the
Property as a hotel or property with a time share or time interval form of ownership shall be prohibited. 
 3. Effect of
Declaration. 
 a. Covenants Running with Land. This Declaration and each and every one of the covenants, conditions,
limitations and restrictions contained herein are hereby declared to be, and shall hereafter continue as, covenants running with the title to the Property. 
 b. Property Affected. This Agreement and the covenants, conditions, and restrictions set forth herein shall be binding upon and constitute a burden upon all of the Property in accordance with the
terms set forth herein. Accordingly, all portions of land within the Property shall hereafter be owned, held, transferred, sold, conveyed, demised, devised, assigned, leased, mortgaged, occupied, used and enjoyed subject to and benefited and
burdened by the terms and provisions of this Declaration. 
 c. Parties Affected. Except as hereinafter specifically
provided, this Declaration shall be binding upon all owners of the Property affected and encumbered by this Declaration; and inure to the benefit of all owners of the UCDP Property affected by this Declaration, UCF, and their successors and/or
assigns. Accordingly, each and every person or party who or which shall hereafter acquire, have or claim any right, title, entitlement or interest in or to any lot, piece, parcel or tract of land within the Property, whether by, through or under a
party or any subsequent owner, shall, by virtue of the acceptance of any such right, title, entitlement, interest or claim, whether by deed or other instrument, or by operation of law or otherwise, and whether voluntarily or involuntarily, be deemed
to have acquired or accepted such right, title, entitlement, interest or claim in or to any such tract of the Property subject to and burdened by the covenants, conditions, limitations, restrictions, and reservations set forth in this Declaration
the same as if such person or party had specifically joined in and agreed and consented to each and every one of the terms and provisions of this Declaration. 
 d. Duration. The terms, provisions, covenants, conditions, and restrictions set forth in this Declaration shall continue in full force and effect until June 12, 2098, unless the same are
amended, modified or terminated as provided in this Declaration. The parties hereto and their respective successors and/or assigns shall be entitled to record a notice preserving the enforceability of this Declaration pursuant to Florida Statute
Sections 712.05 and 712.06 (2001). 
  

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 4. Indemnification. Buyer shall indemnify against, hold UCDP and UCF harmless from,
and reimburse UCDP and UCF for any and all loss, liability, damage, claim, or expense, including, without limitation, attorneys’ fees, court costs, and all costs of experts and investigations, whether incurred before or during trial or upon
appeal, arising out of or in connection with any breach of or default under this Agreement by Buyer. In addition, UCDP shall indemnify against, hold UCF harmless from, and reimburse UCF for any and all loss, liability, damage, claim, or expense,
including, without limitation, attorneys’ fees, court costs, and all costs of experts and investigations, whether incurred before or during trial or upon appeal, arising out of or in connection with any breach of or default under this Agreement
by UCDP. 
 5. Enforcement. 
 a. Persons Entitled to Enforce/Amendments. This Declaration, the terms, provisions, covenants, conditions, limitations and restrictions herein, as properly changed, modified or amended from time to
time shall be enforceable by each owner of the UCDP Property, as well as by UCDP or UCF and its successors and/or assigns, as lessee of any portion of the UCDP Property, regardless of whether either shall have title to any portion of the UCDP
Property. This Declaration may not be amended, modified or terminated except if in writing and executed by each owner of the Property, each owner of the UCDP Property and UCF, its successors and/or assigns (if applicable). 
 b. Nuisance. The result of every act or omission where any term, provision, covenant, condition, limitation or restriction set forth
in this Declaration is violated, breached or in default in whole or in part is hereby declared to be a nuisance, and every remedy allowed by law or in equity against a nuisance, either public or private, shall be applicable against every such
result, and may be exercised by the parties, any owner of the UCDP Property or UCF. 
 c. Legal Proceedings. In the event
that any party entitled to institute a legal proceeding under this Declaration institutes legal proceedings against any other party to this Declaration, the prevailing party in said legal proceedings shall be entitled to recover reasonable
attorneys’ fees, including those incurred on appeal, and court costs incidental thereto from the non-prevailing party. 
 d. Specific Remedy. The parties acknowledge that UCDP, UCF, its successors and/or assigns, as lessee of any portion of the UCDP Property, and any subsequent owner of the UCDP Property shall suffer irreparable harm if any owner of the
Property shall default in the performance of its obligations pursuant to this Declaration and that such harm cannot adequately be remedied by monetary compensation. Accordingly, UCDP, UCF, its successors and/or assigns, and any subsequent owner of
the UCDP Property shall be entitled, in addition to all remedies available at law or in equity, to injunctive relief to require performance as required pursuant to this Declaration and each owner of the Property waives any defense or claim that
UCDP, UCF, its successors and/or assigns, or any subsequent owner of the UCDP Property would not be irreparably harmed or that any of UCDP, UCF, its successors and/or assigns, or any subsequent owner of the UCDP Property has not suffered harm that
could not adequately

  

 9 

 
be monetarily or otherwise compensated. In connection with any action by UCDP, UCF, its successors and/or assigns, or any subsequent owner of the UCDP Property for injunctive relief, specific
performance, or similar remedy, each owner of the Property waives any requirement for the posting of a bond or other financial security. 
 e. Remedies Cumulative. In connection with the enforcement of this Declaration, all rights and remedies of UCDP, UCF, its successors and/or assigns, and any subsequent owner of the UCDP Property,
to the extent provided herein, at law or in equity, shall be cumulative, and no single right or remedy shall be exclusive of any other, and UCDP; UCF, its successors and/or assigns, and any subsequent owner of the UCDP Property shall have the right
to pursue any one or all of such rights or any other right or remedy available at law or in equity, whether provided in this Declaration or otherwise. 
 6. Notices and Communications. Whenever any party hereto desires or is required to give any notice, demand, consent, approval, satisfaction, or request with respect to this Declaration, each such
communication shall be in writing and shall be effective only if it is delivered by personal service (which shall include delivery by delivery service or over-night delivery service), or mailed, by United States certified mail, postage prepaid, and
addressed as follows: 
  

			
	If to UCDP, to:	 	UNIVERSAL CITY DEVELOPMENT PARTNERS
		 	1000 Universal Studios Plaza
		 	Orlando, FL 32819-7610
		 	Attn: President
		
	with copies to:	 	UNIVERSAL CITY DEVELOPMENT PARTNERS
		 	1000 Universal Studios Plaza
		 	Orlando, FL 32819-7610
		 	Attn: General Counsel
		
		 	Peter G. Latham, Esq.
		 	GRONEK & LATHAM, LLP
		 	390 North Orange Avenue, Suite 600
		 	Orlando, Florida 32801
		
	If to Buyer:	 	DELUCA ENTERPRISES, INC.
		 	DELUCA GROUP, INC.
		 	620 North Wymore Road, Suite 240
		 	Maitland, Florida 32751
		 	Attn: Lino Mancebo, Vice President
		
	with a copy to:	 	Robert T. Rosen, Esq.
		 	BROAD AND CASSEL
		 	390 North Orange Avenue, Suite 1100
		 	Orlando, Florida 32801
		
	If to UCF:	 	UCF HOTEL VENTURE
		 	1000 Universal Studios Plaza
		 	Orlando, FL 32819-7610
		 	Attn: President

  

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	with a copy to:	 	LOEWS HOTELS HOLDING CORPORATION
		 	667 Madison Avenue
		 	New York, New York 10021
		 	Attn: Corporate Secretary
		
		 	HUGHES HUBBARD & REED LLP
		 	201 S. Biscayne Boulevard, Suite 2500
		 	Miami, Florida 33131
		 	Attn: William A. Weber, Esq.
		
		 	UNIVERSAL RANK HOTEL PARTNERS
		 	1000 Universal Studios Plaza
		 	Orlando, Florida 32819
		 	Attn: General Manager
		
		 	UNIVERSAL STUDIOS, INC.
		 	100 Universal City Plaza
		 	Universal City, California 91608
		 	Attn: General Counsel
		
		 	UNIVERSAL STUDIOS RECREATION GROUP
		 	1000 Universal Studios Plaza
		 	Orlando, Florida 32819
		 	Attn: Chairman
		
		 	THE RANK GROUP PLC
		 	6 Connaught Place
		 	London W2 2EZ
		 	ENGLAND
		 	Attn: Douglas M. Yates

 Such communications, when personally delivered, shall be effective upon receipt, but, if sent by
certified mail in the manner set forth above, shall be effective three (3) business days following deposit in the United States mail. Any party may change its address for such communications by giving notice thereof to all other parties in
accordance with the requirements of this section. 
 7. Applicable Law; Exclusive Jurisdiction. This Declaration shall be
construed and enforced in accordance with the internal laws of the state of Florida (i.e.,without reference its conflicts of Laws provisions or the principles of comity). Each party hereto and each subsequent owner consents to the exclusive
jurisdiction and venue of the federal and state courts with jurisdiction in Orange County, Florida, for a resolution of all disputes in connection with the interpretation, construction, or enforcement of this Declaration (including, without
limitation, any Exhibit attached hereto), and hereby waives the claim or defense that such courts constitute an inconvenient forum. 
  

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 8. Severability. If any term or provision of this Declaration is finally held, in any
non-appealable proceeding by a court of competent jurisdiction, to be invalid or unenforceable, such term or provision shall be deemed limited by construction in scope or effect to the minimum extent necessary to render the same valid and
enforceable, and, in the event no such limiting construction is possible, such invalid or unenforceable term or provision shall be deemed severed from this Declaration without affecting the validity of any other term or provision hereof. 

9. Construction of Declaration. This Declaration has been negotiated by the respective parties hereto, and the language of this
Declaration shall not be construed for or against any party. Whenever from the context of this Declaration it appears appropriate, each term of this Declaration in either the singular or plural shall include both, and pronouns stated in any gender
shall include the masculine, the feminine, and the neuter, as appropriate. The parties intend that each covenant contained in this Declaration shall have independent significance. If any party is in breach of any covenant contained in this
Declaration in any respect, the fact that there exists another covenant relating to the same subject matter (regardless of the relative levels of specificity) as to which such party is not in breach shall not detract from or mitigate the fact that
such party is in breach of such first described covenant. 
 10. Entire Declaration; Amendments and Waivers. This
Declaration constitutes the entire agreement among the parties pertaining to the subject matter hereof, and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, of the parties hereto. No waiver of
any provision of this Declaration shall be deemed to constitute a waiver of any other provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the parties have hereunto executed this Declaration and have intended
the same to become effective as of the day and year first above written. 
  

											
	Signed, sealed and delivered in the presence of:	 	 UCDP:

			
	 /s/ Maryanne Brown
	 		 	UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD., a Florida limited partnership
	Signature	 		 
				
	 Maryanne Brown
	 		 	By:	 	UNIVERSAL CITY FLORIDA HOLDING CO. II, a Florida general partnership
	Print/Type Name	 		 		 
					
	 /s/ Denise Brock
	 		 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT II LLC, a Delaware limited liability company, as Partner
	Signature	 		 		 		 
						
	Print/Type Name:	 	 Denise Brock
	 		 		 	By:	 	 /s/ Peter C. Giacalone

						
		 		 		 		 	Name:	 	 Peter C. Giacalone

					
		 		 		 	Title:	 	 Vice President

  

			
	STATE OF FLORIDA	  	)
	COUNTY OF ORANGE	  	)

 I HEREBY CERTIFY that on this day before me, an officer duly authorized in the State
and County aforesaid to take acknowledgments, personally appeared Peter C. Giacalone as Vice President of UNIVERSAL CITY PROPERTY MANAGEMENT II LLC, as partner of UNIVERSAL CITY FLORIDA HOLDING CO. II a general partner of UNIVERSAL CITY DEVELOPMENT
PARTNERS, LTD., a Florida limited partnership, and who [X] is personally known to me or [            ] produced
             as identification, and that he acknowledged executing the same on behalf of said corporation and partnership in the presence of two subscribing witnesses, freely and
voluntarily, for the uses and purposes therein expressed. 
 WITNESS my hand and official seal in the County and State last
aforesaid this 21st day of May, 2003. 
  

	
	 /s/ Maryanne Brown

	Signature of Notary
	
	 Maryanne Brown

	Print Name

 (NOTARIAL SEAL) 

											
	Signed, sealed and delivered in the presence of	 	UCF: 
		
		 	UCF HOTEL VENTURE, A Florida general partnership
				
	 /s/ Gary W. Garson
	 		 	by	 	Loews Orlando Hotel Partner, Inc., a general partner
						
	Printed Name:	 	 Gary W. Garson
	 		 		 	by	 	 /s/ Vincent F. Dunleavy

					
	 /s/ Sandra Grant-Wooten
	 		 		 	Name:	 	 Vincent F. Dunleavy

						
	Printed Name:	 	 Sandra Grant-Wooten
	 		 		 	Its:	 	 Vice President

 STATE OF New York            

 COUNTY OF New York 
 I HEREBY CERTIFY that on this day before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, personally appeared Vincent F. Dunleavy as Vice President of LOEWS ORLANDO HOTEL PARTNER, INC., a general
partner of UCF HOTEL VENTURE, a Florida general partnership, and who [X] is personally known to me or [            ] produced
            as identification, and that he acknowledged executing the same on behalf of said corporation and partnership in the presence of two subscribing witnesses, freely and
voluntarily, for the uses and purposes therein expressed. 
 WITNESS my hand and official seal in the County and State last
aforesaid this 29 day of January, 2002. 
  

	
	 /s/ Carol Doktorsig

	 Name of Notary (Typed, Printed or Stamped)
 Commission Number (if not legible on seal):
 My Commission Expires (if not legible on
seal):

	
	 Carol Doktorsig

													
	Signed, sealed and delivered in the presence of:	 	UCF:
		
		 	UCF HOTEL VENTURE, A Florida general partnership
				
		 		 	By:	 	Universal Rank Hotel Partners, a general partner
	 /s/ Patricia A. Tsonis
	 		 		 		 		 	
		 		 		 		 		 		 	
	Printed Name:	 	 Patricia A. Tsonis
	 		 		 	By:	 	 Rank Hotels Orlando, Inc., a general partner

		 		 		 		 		 		 	
		 		 		 		 		 		 	
	 /s/ Teresa A. Steen
	 		 		 		 	By:	 	 /s/ Jay Wolszczak

		 		 		 		 		 		 	
	Printed Name:	 	 Teresa A. Steen
	 		 		 		 	Name:	 	 Jay Wolszczak

		 		 		 		 		 		 	
		 		 		 		 		 	Its:	 	 Secretary

		 		 		 		 		 		 	

 STATE OF Florida 
 COUNTY OF Orange 
 I HEREBY CERTIFY that on this day before me, an officer
duly authorized in the State and County aforesaid to take acknowledgments, personally appeared Jay Wolszczak as Secretary of RANK HOTELS ORLANDO, INC., a general partner of UNIVERSAL RANK HOTEL PARTNERS, a general partner of UCF HOTEL VENTURE, a
Florida general partnership, and who [X] is personally known to me or [            ] produced             as
identification, and that he acknowledged executing the same on behalf of said corporation and partnership in the presence of two subscribing witnesses, freely and voluntarily, for the uses and purposes therein expressed. 
 WITNESS my hand and official seal in the County and State last aforesaid this 27th day of May, 2002. 
  

	
	 /s/ Patricia A. Tsonis

	Signature of Notary
	
	 Patricia A. Tsonis

	Name of Notary (Typed, Printed or Stamped) Commission Number (if not legible on seal): My Commission Expires (if not legible on seal):

													
	Signed, sealed and delivered in the presence of:	 	UCF: 
		
		 	UCF HOTEL VENTURE, A Florida general partnership
				
	 /s/ Peter G. Latham
	 		 	By:	 	Universal Rank Hotel Partners, Inc., a general partner
		 		 		 		 		 		 	
	Printed Name:	 	 Peter G. Latham
	 		 		 	By:	 	 Universal Studios Hotel, Inc., a general partner

		 		 		 		 		 		 	
	 /s/ Joy P. Ewertz
	 		 		 		 	By:	 	 /s/ Peter C. Giacalone

		 		 		 		 		 		 	
	Printed Name:	 	 Joy P. Ewertz
	 		 		 		 	Name:	 	 Peter C. Giacalone

		 		 		 		 		 		 	
		 		 		 		 		 	Its:	 	 Authorized Agent

		 		 		 		 		 		 	

 STATE OF Florida 
 COUNTY OF Orange 
 I HEREBY CERTIFY that on this day before me, an officer
duly authorized in the State and County aforesaid to take acknowledgments, personally appeared Peter C. Giacalone as Authorized Agent of UNIVERSAL STUDIOS HOTEL, INC., a general partner of UNIVERSAL RANK HOTEL PARTNERS, a general partner of UCF
HOTEL VENTURE, a Florida general partnership, and who [X] is personally known to me or [            ] produced
            as identification, and that he acknowledged executing the same on behalf of said corporation and partnership in the presence of two subscribing witnesses, freely and
voluntarily, for the uses and purposes therein expressed. 
 WITNESS my hand and official seal in the County and State last
aforesaid this 28 day of May, 2002. 
  

	
	 /s/ Joy P. Ewertz

	Signature of Notary
	
	 Joy P. Ewertz

	Name of Notary (Typed, Printed or Stamped) Commission Number (if not legible on seal): My Commission Expires (if not legible on seal):

									
	Signed, sealed and delivered in the presence of:	 		 	BUYER:
			
		 		 	DELUCA ENTERPRISES, INC., a Pennsylvania corporation, d/b/a DELUCA GROUP, INC.
			
	 /s/
	 		 	
		 		 		 		 	
	Printed Name:	 	  
	 		 	By:	 	 /s/ Nick Conderousis

				
	 /s/
	 		 	Name:	 	 Nick Conderousis

		 		 		 		 	
	Printed Name:	 	  
	 		 	Its:	 	 Vice President

 STATE OF Florida 
 COUNTY OF Orange 
 I HEREBY CERTIFY that on this day before me, an officer
duly authorized in the State and County aforesaid to take acknowledgments, personally appeared Nick Conderousis as Vice President of DELUCA ENTERPRISES, INC., a Pennsylvania corporation, d/b/a DELUCA GROUP, INC., and who [X] is personally
known to me or [            ] produced             as identification, and that he acknowledged executing the same on behalf of
said corporation in the presence of two subscribing witnesses, freely and voluntarily, for the uses and purposes therein expressed. 
 WITNESS my hand and official seal in the County and State last aforesaid this 28th day of May, 2003. 
  

	
	 /s/ Robert T. Rosen

	Signature of Notary
	
	 Robert T. Rosen

	 Name of Notary (Typed, Printed or Stamped)
 Commission Number (if not legible on seal):
 My Commission Expires (if not legible on
seal):

 EXHIBIT “A” 
 UCDP Property 
 Lots 6, 7, 8, 9, 10, 12 and that certain private road
known as UNIVERSAL STUDIOS PLAZA, OF THE REPLAT OF UNIVERSAL CITY/FLORIDA PLAT 1, according to the Plat thereof, as recorded in Plat Book 22, Pages 1 and 2, Public Records of Orange County, Florida. 
 Together with: 
 Lots 1A, 4A, 5A, 6A, 7A,
8A, 9A, 10A, 11A and 13A, also Tracts A, B, C, and E, of UNIVERSAL CITY FLORIDA, according to the Plat thereof, as recorded in Plat Book 35, Pages 84 through 87, Public Records of Orange County, Florida. 
 Together with: 
 Lot 2A and Tract D of
UNIVERSAL CITY FLORIDA (LESS that portion of Lot 2A and Tract D, as replatted by ROYAL PACIFIC RESORT FIRST ADDITION, recorded in Plat Book 47, Pages 11 through 13) according to the Plat thereof, as recorded in Plat Book 35, Pages 84 through 87,
Public Records of Orange County, Florida. 
 Together with: 
 Lot 1 of ROYAL PACIFIC RESORT FIRST ADDITION, according to the Plat thereof, as recorded in Plat Book 47, Pages 11 through 13, Public Records of Orange County, Florida. 
 Together with: 
 Lot 1 and Tract A of
LAKEWOOD BUILDING (RePlat), according to the Plat thereof, as recorded in Plat Book 41, Page 139, Public Records of Orange County, Florida. 
 Together with: 
 Lot 1 of ROYAL PACIFIC RESORT, according to the Plat thereof, as recorded in Plat Book 43, Page 142, Public
Records of Orange County, Florida. 
 Together with: 
 Lot 1 (LESS that portion of Lot 1, as replatted by KINDERCARE AT UNIVERSAL CITY WEST, recorded in Plat Book 43, Page 131), also Lots 3 and 4 of UNIVERSAL CITY WEST, according to the Plat thereof, as
recorded in Plat Book 38, Pages 13 and 14, Public Records of Orange County, Florida. 
 Together with: 
 Lot 1 of KINDERCARE AT UNIVERSAL CITY WEST, according to the Plat thereof, as recorded in Plat Book 43, Page 131, Public Records of Orange County, Florida.

 Together with: 
 Commence at the Northeast corner of Section 26, Township 23 South, Range 28 East; run thence South 89 degrees 47 minutes 59 seconds West 30.00 feet along the North line of said Section to a point on
the Westerly right of way line of Orlando-Vineland Road; thence South 00 degrees 06 minutes 08 seconds East along said right of way line, 150.0 feet for a POINT OF BEGINNING; thence continue South 00 degrees 06 minutes 08 seconds East along said
Westerly right of way line 160.04 feet; thence South 89 degrees 46 minutes 11 seconds West 222.00 feet; thence North 00 degrees 06 minutes 08 seconds West 160.16 feet; thence North 89 degrees 47 minutes 59 seconds East 222.0 feet to the POINT OF
BEGINNING. 

 EXHIBIT “B” 
 Property 
 Parcel A 
 Lot 5 of UNIVERSAL CITY WEST, according to the Plat thereof, as recorded in Plat Book 38, Pages 13 and 14, Public Records of Orange County, Florida.

 Together with: 
 Parcel B

 Lot 12A of UNIVERSAL CITY FLORIDA, according to the Plat thereof, as recorded in Plat Book 35, Pages 84 through 87, Public Records of Orange
County, Florida.Third Amendment to UCF Hotel Venture Ground Lease

 Exhibit 10.10 
 THIRD AMENDMENT TO 
 GROUND LEASE 

 THIS THIRD AMENDMENT TO GROUND LEASE (this “Third Amendment”) is made effective as of May 31, 2005 by
and between UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD., a Florida limited partnership, as successor in interest to both UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and UNIVERSAL CITY FLORIDA PARTNERS, a Florida general
partnership (hereinafter referred to as “Landlord”), and UCF HOTEL VENTURE, a Florida general partnership (hereinafter referred to as “Tenant”). 
 WHEREAS, Landlord has leased to Tenant, and Tenant has leased from Landlord, the Sites pursuant to that certain Ground Lease dated as of
June 12, 1998, which was amended by that certain First Amendment to Ground Lease dated June 12, 1998 (the “First Amendment”), and which was further amended by that certain Second Amendment to Ground Lease dated
February 20, 2001 (collectively, the “Lease”), for the purpose set forth therein; and 
 WHEREAS, Landlord
and Tenant desire to amend certain provisions of the Lease. 
 NOW, THEREFORE, for and in consideration of the facts referenced
in the foregoing recitals, the agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge, the parties hereto hereby agree as follows: 
 1. Incorporation of Recitals. The above recitals are true and correct and are incorporated herein as if set forth in full.

 2. General Provisions. All defined terms in this Third Amendment shall have the same meaning as in the Lease, except
as otherwise noted. Except as amended and modified by this Third Amendment, all of the terms, covenants, conditions and agreements of the Lease shall remain in full force and effect. In the event of any conflict between the provisions of the Lease
and the provisions of this Third Amendment, this Third Amendment shall control. 
 3. Counterparts. This Third Amendment
may be executed in several counterparts, each of which may be deemed an original, but all of which together shall constitute one and the same agreement. Any facsimile signature hereto shall be deemed for all purposes an original. The signature of
any party to any counterpart may be appended to any other counterpart. 
 4. Rent. Section 4.1 of the Lease shall be
amended as follows: 
  

	 	a.	Section 4.1(b) is hereby deleted in its entirety and replaced with the following language: 

 “(b) If an Affiliate of Landlord owns, directly or indirectly, an equity interest in Tenant, Tenant shall pay to Landlord the Base Rent
and Additional Rent out of Income After Debt Service (as defined in Section 1.1 of Schedule A attached hereto and made a part hereof (“Schedule A”)), to the extent of Available Cash (as defined in Section 1.1 of Schedule A), in
accordance with the priority of distribution set forth in Section 18.4 of Schedule A for the

 
applicable Fiscal Year (as defined in Section 38 of Schedule A). If an Affiliate of Landlord does not own, directly or indirectly, any equity interest in Tenant, Tenant shall pay to Landlord
the Base Rent and Additional Rent out of Income After Debt Service to the extent of Available Cash in accordance with the priority of distribution set forth in Section 18.4 of Schedule A for the applicable Fiscal Year, provided that, if the
total amount of all financing of the Project exceeds the Base Principal Amount (as defined in Section 18.4(f) of Schedule A), Additional Rent shall be payable pursuant to Section 18.4(f) of Schedule A regardless of whether such total
amount of all financing of the Project exceeds the maximum amount of a Refinancing (as defined in Section 18.4(f) of Schedule A). To the extent that there is insufficient Income After Debt Service to pay to Landlord all or any portion of Base
Rent or Additional Rent for a Fiscal Year pursuant to this Section (b), such Base Rent or Additional Rent or portion thereof shall not be deemed earned or payable with respect to such Fiscal Year, and shall not be carried forward to any subsequent
Fiscal Year.” 
  

	 	b.	Section 4.1(c) and Schedule 4.1 are hereby deleted in their entirety and references to Schedule 4.1 in this Lease as amended by this Third Amendment shall be
replaced by references to Section 4.1(b) as amended by Subsection 4(a) of this Third Amendment above. 

  

	 	c.	The following is added as a new Section 4.1(c): “Notwithstanding anything in Section 4.1(b) to the contrary, but subject to Section 4.1(d) as
provided in the First Amendment, in no event shall Base Rent or Additional Rent be paid prior to the payment of Debt Service. Debt Service shall include Debt Service on any Permitted Leasehold Mortgage and any Permitted Mezzanine Financing.”

 5. Definitions and References. 
  

	 	a.	Section 1.2 of the Ground Lease is amended in its entirety to read as follows: 

 “Section 1.2. Partnership Agreement Definitions and References. Any Term that is defined by reference to a
definition in the Partnership Agreement or any cross-reference to a provision in the Partnership Agreement shall be and is hereby deemed to be a reference to the definition or provision as set forth in Schedule A attached to that certain Third
Amendment to Ground Lease between Tenant and Landlord dated May 31, 2005 (“Third Amendment”) and incorporated herein by this reference. Any Term that is defined in Schedule A or in this Lease by reference to the Management Agreement
or any cross-reference to a provision of the Management Agreement in Schedule A or in this Lease shall be and is hereby deemed to be a reference to the definition or provisions as set forth in Schedule B attached to the Third Amendment and
incorporated herein by this reference.” 
  

	 	b.	Schedule A and Schedule B are attached to this Third Amendment and incorporated herein by this reference. 

  

 2 

 6. Modifications to First Amendment. Landlord and Tenant agree to modify the First
Amendment as follows: 
  

	 	(a)	The definition of Landlord (contained in sections (a) and (b) of the first paragraph) and Tenant (contained in section (c) of the first paragraph) are
deleted in their entirety and replaced with the following: 

 “(A) Universal City Development Partners, Ltd.,
a Florida limited partnership as successor by merger to Universal City Development Partners, a Florida general partnership and Universal City Florida Partners, a Florida general partnership (the “Landlord”); and 
 (B) UCF Hotel Venture, a Florida general partnership (the “Tenant”).” 
  

	 	(b)	The second “Whereas” clause is deleted in its entirety and replaced with the following: 

 “WHEREAS, the Tenant is the borrower under that certain Loan Agreement and Security Agreement, dated as of June 2, 2005 (as
amended, supplemented or otherwise modified from time to time, the “Loan Agreement”) with German American Capital Corporation as lender on behalf of the holder of the notes (together with its successors and/or assigns, as the
“Lender”).” 
  

	 	(c)	The third “Whereas” clause is deleted in its entirety. 

  

	 	(d)	All references to the “Third Hotel” are hereby deleted and substituted therefore is the term “Royal Pacific Resort.” 

  

	 	(e)	Delete all references to the term “Administrative Agent” and replace them with the term “Lender.” 

  

	 	(f)	Item 3 is deleted in its entirety. 

  

	 	(g)	Item 8 is amended to change the last word of the added Paragraph from “Mortgagee” to “Mortgage.” 

  

	 	(h)	Item 9 which amended and restated Section 13.6 of the Lease is amended to delete reference to “Chase Manhattan Bank (as administrative agent)”, and
replace it with “Lender”. 

  

	 	(i)	Item 10 is amended so that as amended it shall read as follows: 

 “Section 13.7 Subordinate Mortgage of Fee. While the Permitted Leasehold Mortgage is outstanding, Landlord shall not mortgage or encumber the fee interest in the Sites, unless (i) the
mortgage or encumbrance of Landlord’s fee interest in the Sites (a “Fee Mortgage”) is expressly made subject to the Lease and all rights

  

 3 

 
of Tenant and any Permitted Leasehold Mortgage under the Lease, (ii) any foreclosure or exercise of remedies under such Fee Mortgage shall not affect, impair or terminate the Lease or the
rights and interests of Tenant or any Permitted Leasehold Mortgagee, (iii) all Fee Mortgages shall automatically terminate upon such time as Tenant acquires a fee interest in the Site, and (iv) the holder of each Fee Mortgage shall be
required to deliver a recognition agreement acceptable to Lender providing that, among other things, upon any foreclosure by such mortgagee, or deed-in-lieu thereof, the rights and privileges of Tenant under the Lease and the rights and privileges
of Lender under the Permitted Leasehold Mortgage shall not be disturbed, diminished or interfered with by such mortgagee or any party claiming by, through, or under such mortgagee. 
  

	 	(j)	Item 11 which created Article XIX of the Lease is amended as follows: 

 (i) delete Subsection 19.1(a) in its entirety and replace it with the following: 
 “Section 19.1 Severance of Ground Lease. (a) Notwithstanding anything to the contrary contained herein, Landlord and Tenant agree that upon written notice from the Permitted Leasehold Mortgagee, the Ground Lease shall be
severed into four separate ground leases in accordance with the provisions of this Section 19.1 within six months after the earlier of the Foreclosure Date or the Defeasance Date (as defined in the Loan Agreement) (the “Trigger
Date”). 
 (ii) in Subsection 19.1(b), delete the term “South Seas” in all places and substitute therefore the
term “Royal Pacific Resort.” 
 (iii) Delete Subsection 19.2 in its entirety. 
 (iv) in Subsection 19.3, delete the words “Subparagraph 8.01(a) or 8.01(b)” and substitute therefore “Section 17.”

  

	 	(k)	Item 13 is hereby deleted in its entirety and substituted therefore is the following: 

 “Notwithstanding anything contained herein but subject to the following sentence, this First Amendment shall terminate upon payment in
full of the Obligations (as defined in the Mortgage) and the parties shall execute a document confirming such termination. Items 2, 8, 9, 10 and 11 of this First Amendment shall continue in effect following payment in full of the Obligations,
provided that the term “increases” in clause (b) of the definition of Permitted Leasehold Mortgage in Item 2 of this First Amendment shall be deleted and substituted therefore is “protective advances”.” 

 

 4 

	 	(l)	Except as modified herein, Landlord and Tenant agree that the First Amendment remains in full force and effect. 

 7. Memorandum of Third Amendment. The parties agree not to record this Third Amendment, but have agreed to record a Memorandum of
Third Amendment to Ground Lease. 
 [Signatures on following page] 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Third Amendment as of the date first
above stated. 
 “LANDLORD” 
 UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD. 
  

									
	 WITNESSES:
	 		 	“LANDLORD”
			
		 		 	UNIVERSAL CITY DEVELOPMENT PARTNERS, LTD.
					
		 		 	By:	 		 	 Universal City Florida Holding Co. I
 General Partner

					
		 		 		 	By:	 	 Universal City Property Management II,
 LLC, General Partner

					
	1.
/s/                                        
                	 		 		 	By:	 	 /s/ Peter C. Giacalone

	Name:
                                         
           	 		 		 	Its:	 	 Vice President

					
	2.
/s/                                        
                	 		 		 		 	
	Name:
                                         
           	 		 		 		 	

  

 6 

									
	WITNESSES:	 		 	“TENANT”
			
	 1.
/s/                                        
            
 Name:
	 		 	 UCF HOTEL VENTURE, a Florida
 general partnership

				
	 2.
/s/                                        
            
 Name:
	 		 	By:	 	 Loews Orlando Hotel Partner, Inc.,
 its general partner

					
		 		 		 	By:	 	 /s/ Vincent F. Dunleavy

		 		 		 	Name:	 	Vincent F. Dunleavy
		 		 		 	Title:	 	Executive Vice President

 [Signatures of Tenant continue on next page] 
 THIRD AMENDMENT TO GROUND LEASE 

											
	WITNESSES:	 		 		 		 		 	
				
	 1.
/s/                                        
            
 Name:
	 		 	By:	 	 Universal Rank Hotel Partners
 a Florida general partnership,
 its general partner

					
	 2.
/s/                                        
            
 Name:
	 		 		 	By:	 	 Universal Studios Hotel LLC,
 a Delaware limited liability company,
 its general partner

						
		 		 		 		 	By:	 	 /s/ Thomas L. Williams

		 		 		 		 	Name:	 	Thomas L. Williams
		 		 		 		 	Title:	 	President

 [Signatures of Tenant continue on next page] 
  

 8 

											
	WITNESSES:	 		 		 		 		 	
				
	 1.
/s/                                        
            
 Name:
	 		 	By:	 	 Universal Rank Hotel Partners
 a Florida general partnership,
 its general partner

					
	 2.
/s/                                        
            
 Name:
	 		 		 	By:	 	 Rank Hotels Orlando, Inc.,
 a Delaware corporation,
 its general partner

						
		 		 		 		 	By:	 	 /s/ Michael Salter

		 		 		 		 	Name:	 	Michael Salter
		 		 		 		 	Title:	 	Treasurer

  

 9 

 SCHEDULE A 
 [Partnership Agreement, together with First Amendment to Partnership Agreement and Second Amendment to Partnership Agreement] 
 THIRD AMENDMENT TO GROUND LEASE

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