Document:

Exhibit 10.3

 

AMENDED AND RESTATED

TRADEMARK LICENSE AGREEMENT

 

This Amendment and Restatement (this “Agreement”) is made and entered into as of June 23, 2015, by and between HALLMARK LICENSING, LLC (“Hallmark”) and CROWN MEDIA UNITED STATES, LLC (“Licensee”).

 

WHEREAS, the predecessor of Licensee (Odyssey Holdings, L.L.C.) and Hallmark entered into that certain Amended and Restated Trademark License Agreement between the parties dated as of March 27, 2001, as extended as of November 30, 2002, as of August 28, 2003, as of August 1, 2004, as of August 1, 2005, as of April 10, 2006, as of August 1, 2007, as of August 1, 2008, as of August 15, 2009, as of June 29, 2010 and as of July 14, 2011, and as modified by the Trademark License Amendment No. 2, dated as of January 1, 2004 and the Trademark License Waiver Agreement, dated as of March 3, 2010 (collectively, the “Previous License Agreement”); and

 

WHEREAS, Licensee and Hallmark entered into that certain Movie Channel Trademark License Agreement between the parties dated as of January 1, 2004, as extended as of August 1, 2004, as of August 1, 2005, as of April 10, 2006, as of August 1, 2007, as of August 1, 2008, as of August 15, 2009, as of June 29, 2010 and as of July 14, 2011, and as modified by the Trademark License Waiver Agreement, dated March 3, 2010 (collectively, the “Previous Movie Channel License Agreement,” and together with the Previous License Agreement, the “Previous License Agreements”); and

 

WHEREAS, Hallmark is the owner of the trademarks “Hallmark,” “Hallmark Entertainment,” “Hallmark Heroes,” and various other trademarks incorporating the Hallmark name that may be designated by Hallmark from time to time, and associated logos approved by Hallmark (the “Hallmark Marks”) and the trademark “Hallmark Hall of Fame” (the “Hall of Fame Mark”) in the United States. (Collectively, the Hallmark Marks with the Hall of Fame Mark shall constitute the “Licensed Marks”); and

 

WHEREAS, Licensee desires to use the Licensed Marks subject to the terms and conditions specified herein; and

 

WHEREAS, Hallmark desires to permit Licensee to use the Licensed Marks subject to the terms and conditions herein provided, and not otherwise.

 

NOW THEREFORE, in consideration of the promises and mutual covenants herein contained, the parties hereto hereby amend and restate the Previous License Agreements in their entirety as follows:

 

1.             Grant. To the extent of its present and future ownership interest therein, and subject to the terms and conditions of this Agreement, Hallmark hereby grants to Licensee the rights below listed for the term of this Agreement, but only for so long as there is no Change in Control as defined in Section 9, and no event of Default has occurred hereunder:

 

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a.             The non-exclusive, royalty-free license to use the Hallmark Marks in connection with the promotion, marketing, advertising, distribution and sale of Licensee’s Service (as defined in Section 3), in the United States.

 

b.             The non-exclusive, royalty free license to use the Hall of Fame Mark in the United States solely in connection with the program title “THE COLLECTION — from the library of the “Hallmark Hall of Fame” or such other title as may be approved by Hallmark from time to time for a period regularly showing pictures previously broadcast as Hallmark Hall of Fames.

 

2.             Limitations. Licensee agrees not to use the Licensed Marks in its corporate name.

 

3.             The Service. The “Service” shall mean the distribution of a channel or channels (or network or networks presenting a channel or channels) of high-quality, family oriented television programming of a character, nature and quality consistent with the image of Hallmark Cards, Incorporated.

 

4.             Standards.

 

a.            Licensee acknowledges its familiarity with the high standards of quality and guidelines maintained by Hallmark for the use of the Licensed Marks and the name “Hallmark,” and Licensee agrees to faithfully maintain these same standards in connection with its programming of the Service, including but not limited to complying with the broadcast standards set forth on Schedule A, as amended by Hallmark from time to time. Furthermore, Licensee agrees to comply with any guidelines or rules for use of the Licensed Marks as Hallmark may in its sole discretion, from time to time, promulgate in order to protect the quality image and reputation which the Licensed Marks and the name “Hallmark” presently enjoy and such guidelines or rules shall be incorporated herein as a part of this Agreement.

 

b.            Licensee acknowledges that Hallmark Cards was founded in 1910, is a privately owned company which enjoys a stellar reputation for excellence, quality, adherence to high ethical and moral values, and whose brand “Hallmark” consistently rates in the top ten brands in the U.S. for consumer recognition, consumer trust and quality. Further, “Hallmark Hall of Fame” productions have won 78 Emmys over the past 40 years. Licensee further acknowledges that Hallmark would not grant this trademark license if it did not control Licensee.

 

c.             Licensee agrees to designate an individual at Licensee’s expense who will be responsible for monitoring the use of the Licensed Marks and ensuring that the Licensed Marks are utilized in accordance with this

 

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Agreement and that all required requests for approval are properly submitted to Hallmark.

 

5.             Approval. Licensee agrees to comply with the brand identity standards of the branding committee established by Hallmark (“Branding Committee”) which standards shall include, but not be limited to, logo, program headers, visual/verbal standards, uses and positioning of logo, application of logo to any marketing materials, uses by any MSOs, uses in other media such as print advertising. Further, Licensee agrees that programming shall comply with the broadcast standards on Schedule A as amended by Hallmark from time to time. Licensee shall submit to Hallmark periodically at Hallmark’s request, the program schedule for its Service at least 30 days in advance for Hallmark’s prior written approval. Licensee shall also submit to Hallmark all proposed press releases referring to the Hallmark Channel (other than advertising for shows and announcements of personnel changes), prototypes of advertising, promotional materials and other marketing materials for Hallmark’s prior written approval as to format and content. After guidelines are approved by Hallmark, Licensee will thereafter submit only such matters that reflect a change in direction or as requested by Hallmark. Additionally, Licensee shall, at the request of Hallmark, submit to Hallmark pictures, programs, film credits and other materials utilizing the Licensed Marks or broadcast on the Service for Hallmark’s approval, which may be withheld for any reason.

 

6.             Trademark Protection.

 

a.             Hallmark will use its reasonable efforts to maintain existing registrations for the Licensed Marks for use by Licensee pursuant to the terms and conditions herein contained.

 

b.             Licensee agrees to cooperate with Hallmark in obtaining and preserving for Hallmark trademark protection for the Licensed Marks and the name “Hallmark,” to execute all documents which in Hallmark’s judgment are necessary therefor, and to give Hallmark advance notice of all contemplated uses of the Licensed Marks. Licensee agrees to recognize Hallmark’s trademark rights in the Licensed Marks and to do nothing in derogation or dilution thereof, either during the term of this Agreement or at any time thereafter. Licensee, for itself, its successors and assigns, does hereby absolutely grant, convey, and assign to Hallmark any and all legal and equitable right, title and interest, both tangible and intangible, which it has or may hereafter acquire in the Licensed Marks, including, but not limited to, any goodwill hereinafter generated or created by it or anyone acting or claiming under it.

 

c.             Licensee, upon prior written approval from Hallmark, shall have the right to enforce, at Licensee’s sole expense, its rights in the Licensed Marks granted hereunder against third parties that are or may be infringing the Licensed Marks so as to affect Licensee’s rights granted hereunder.

 

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d.             Except as expressly set forth herein, Hallmark shall have the right to take any action without regard to the effect of such action on the rights granted in Section 1 hereof.

 

7.             Term. This Agreement shall terminate upon the earlier of (i) June 30, 2021 or (ii) the payment in full of all obligations, and termination of all commitments, under that certain Credit Agreement dated as of June 25, 2015, among Crown Media Holdings, Inc. as the Borrower, Wells Fargo Bank, National Association as Agent and various other parties thereto, as amended, supplemented, or amended and restated from time to time, subject to earlier termination of this Agreement pursuant to Section 9 of this Agreement. No course of dealing, lack of notice of intent not to renew, implied consent or other doctrine of law or equity shall be deemed to give Licensee the right to continued use of the Licensed Marks beyond the stated term of this Agreement, or to create any duty (fiduciary or otherwise) on Hallmark to permit any such use beyond the term of this Agreement.

 

8.             Default. It shall be a Default hereunder in the case of the happening and during the continuance of any of the following:

 

a.             Licensee distributes any program or picture in connection with the Service which in Hallmark’s sole discretion fails to comply with the standards set forth in Section 4 hereof and Licensee fails to remove and stop the distribution, exhibition and broadcast of such non-complying program or picture within 10 days of written notice from Hallmark;

 

b.             A Default occurs pursuant to Section 8(a) hereof three or more times in any given 12 month period, regardless of whether Licensee has removed or stopped within 10 days of written notice from Hallmark.

 

c.             Licensee uses any of the Licensed Marks other than in accordance with the terms of the grant herein or Licensee fails to comply with any term or obligation of this Agreement (other than 8(a) above) and, if curable, fails to cure such unapproved use or breach within 10 days of the date of written notice from Hallmark specifying such breach.

 

d.             Licensee fails to make any payment when due under any loan agreement with any financial institution and fails to make such payment within 5 days thereafter.

 

e.             Auditors determine that Licensee is no longer an ongoing concern.

 

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9.             Termination.

 

a.             This Agreement shall terminate immediately and automatically without notice in the event that

 

i.               Licensee attempts to assign, sublicense, pledge, transfer or otherwise convey by operation of law or otherwise, all or any interest in, directly or indirectly (“Transfer”) its rights hereunder;

 

ii.             Licensee is adjudicated bankrupt, becomes insolvent, makes any assignment for the benefit of its creditors, has its assets placed in the hands of a receiver, files a petition in bankruptcy, has filed against it a petition in bankruptcy which is not discharged within 60 days after its filing, or is dissolved or liquidated (in which case, Licensee, its receivers, representatives, trustees, agents, or successors shall have no right to exploit or in any way utilize the Licensed Marks).

 

b.             This Agreement shall terminate immediately upon the occurrence of an event of Default pursuant to Section 8 hereof.

 

c.             This Agreement shall terminate immediately upon the occurrence of a Change in Control which shall occur in the event that Licensee is no longer a subsidiary of Crown Media Holdings, Inc. or Hallmark Cards, Incorporated and/or its wholly owned subsidiaries no longer collectively beneficially own at least 51% of the voting interest and 35% of the equity interest of Crown Media Holdings, Inc. or no longer designate a majority of the Board of Directors of Crown Media Holdings, Inc.

 

d.             Upon the termination or expiration of this Agreement, Licensee agrees to immediately and permanently discontinue the use of the Licensed Marks, including any adaptations thereof.

 

e.             Licensee hereby acknowledges that its misuse of the Licensed Marks or failure to cease the use of the Licensed Marks upon the termination or expiration of such rights or this Agreement will result in damage to Hallmark for which there is no adequate remedy at law. Accordingly, in the event of such misuse or failure, Hallmark shall be entitled to equitable relief by way of temporary and permanent injunctions and such other relief as any court of competent jurisdiction may deem just and proper.

 

10.          Additional Agreement. Licensee hereby agrees that Hallmark and its affiliates shall not have any liability or obligation to Licensee on account of the exercise of any of Hallmark’s rights or remedies hereunder. Licensee hereby waives and releases any right to commence or pursue any legal action (whether suit, counterclaim, cross

 

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claim or other action) against Hallmark or any of its affiliates challenging the termination by Hallmark of the trademark license granted herein based on a theory of breach of fiduciary obligation or conflicts of interest of Hallmark or any of its affiliates or similar theories or premised on the exercise of control or influence over management by Hallmark or its affiliates.

 

11.          Third Party Infringement. Licensee shall promptly notify Hallmark of any apparent infringement of any rights granted by Hallmark to Licensee hereunder. Hallmark shall have the exclusive right to institute legal action (at its own expense) against the infringer or to otherwise terminate such infringement. Licensee shall have no right to make any demands or claims, bring suit, effect any settlements or take any other action with respect to such an infringement without the prior written consent of Hallmark. Licensee agrees to cooperate at its cost with Hallmark with respect to any suits or other action taken under this paragraph and that all recoveries for such infringements shall belong to Hallmark. Hallmark may name Licensee as a party to any suit against third party infringers if Hallmark, in its sole opinion, determines that it is desirable to any infringement suit.

 

12.          Nonassignability. Licensee agrees that without the prior written consent of Hallmark it may not transfer the rights granted hereunder or permit any third party to utilize the Licensed Marks (e.g. as a channel name) other than third party use incidental to Licensee’s use described in Section 1(b) hereof and any such transfer shall be null and void upon such proposed transfer.

 

13.          Applicable Law. The validity, construction and performance of this Agreement shall be governed by, and interpreted in accordance with, the laws of the State of Missouri. In any dispute relating to this Agreement, the parties hereto submit themselves to the exclusive jurisdiction of the tribunals of the State of Missouri and the United States Courts within the State of Missouri, expressly waiving any venue to which they may be entitled by their present or future domiciles and any objection based on forum non conveniens.

 

14.          No Agency. Nothing in this Agreement shall be construed to make either party hereto the agent or representative of the other party and neither party shall so hold itself out nor shall either party be liable or be bound by any act or omission of the other party.

 

15.          Waiver. Failure of either party at any time to require the performance of any provision under this Agreement shall not affect the right of such party to require full performance thereafter and a waiver by either party of a breach of any provision of this Agreement shall not be taken or held to be a waiver of any further or similar breach or as nullifying the effectiveness of such provision.

 

16.          Amendments. This Agreement expresses the entire understanding of the parties hereto and replaces any prior oral or written agreements concerning the subject matter hereof and Licensee acknowledges that it has not executed this Agreement in

 

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reliance upon any promise, agreement, representation or warranty not expressly set forth in this Agreement. No amendment, modification, or supplementation hereof shall be effective or binding on either party hereto unless reduced to writing and executed by the duly authorized representatives of both parties hereto.

 

17.           Security Interest. Licensee hereby acknowledges the difficulty of determining the amount of any damage arising from Licensee’s use of the Licensed Marks other than in accordance with the grant in this Agreement, particularly inasmuch as no payment or royalty is required for the license granted herein. Therefore, to secure Licensee’s performance pursuant to this Agreement and compensation for any damage to Hallmark’s name or reputation due to a breach of this Agreement, the parties have previously entered into that Security Agreement dated as of March 27, 2001 and Licensee hereby ratifies Hallmark’s first and prior lien and security interest in and to all of Licensee’s right and interest in and to this Agreement pursuant to such Security Agreement and agrees to execute all filings, continuations and other documents which in Hallmark’s judgment are necessary to perfect and retain Hallmark’s first and prior lien and security interest.

 

IN WITNESS WHEREOF, this Agreement is executed as of the date first written above.

 

	
 
    	
HALLMARK   LICENSING, LLC
    
	
 
    	
 
    
	
 
    	
By 
    	
/s/ Brian Gardner
    
	
 
    	
 
    	
 
    
	
 
    	
Title 
    	
Vice President
    
	
 
    	
 
    
	
 
    	
CROWN   MEDIA UNITED STATES, LLC
    
	
 
    	
 
    
	
 
    	
By
    	
/s/ C. Stanford
    
	
 
    	
 
    	
 
    
	
 
    	
Title
    	
VP
    

 

7Exhibit 10.4

 

SECOND AMENDMENT TO LEASE

 

SECOND AMENDMENT TO LEASE (Second Amendment), dated as of July 2, 2015 between 1325 AVENUE OF THE AMERICAS, L.P. (Landlord) having an office c/o Paramount Group, Inc., 1633 Broadway, Suite 1801, New York, NY 10019, and CROWN MEDIA UNITED STATES, LLC, (Tenant), having an office at 1325 Avenue of the Americas, New York, NY 10019.

 

WITNESSETH:

 

WHEREAS:

 

A.           Landlord and Tenant have heretofore entered into a certain lease dated September 8, 2008 as amended by a certain First Amendment to Lease dated March 21, 2012 (First Amendment) (as amended to date, the “Lease”) with respect to the entire rentable area of the 22nd floor substantially as shown on the rental plan annexed hereto as Exhibit A in the building known as and located at 1325 Avenue of the Americas, New York, NY (Building); and

 

B.           The parties hereto desire to modify the Lease to provide for the extension of the term of the Lease, all upon such terms, provisions and conditions as are more particularly hereinafter set forth.

 

NOW, THEREFORE, in consideration of the provisions and mutual covenants hereinafter contained, the parties hereto agree to amend the Lease as follows:

 

1.           All terms contained in this Second Amendment shall, for the purposes hereof, have the same meaning ascribed to them in the Lease, unless otherwise defined herein. In the event there is any inconsistency between the terms of the Lease and the terms of this Second Amendment, the terms of this Second Amendment shall control.

 

2            The term of the Lease shall be extended so that the Expiration Date shall be changed from April 30, 2016 to October 31, 2026. Tenant shall continue to have the Extension Option contained in Article 33 of the Lease and as set forth in Exhibit B to the First Amendment.

 

3.           The extension of the term of the Lease as provided in Paragraph 2 hereof shall be on all of the same terms and conditions as are in effect as of April 30, 2016, except that, effective as of May 1, 2016 and continuing through the Expiration Date:

 

(a)        The parties agree that for all purposes of the Lease, the rentable area of the Premises is deemed to be 24,909 rentable square feet.

 

(b)        The Fixed Rent shall be $1,818,357.00 per annum through October 31,

 

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2021, then, $1,967,811.00 per annum through the Expiration Date. Notwithstanding the foregoing, provided Tenant is not then in monetary or material non-monetary default beyond the expiration of any applicable notice and cure period, Fixed Rent only shall be abated from May 1, 2016 through and including October 31, 2016;

 

(c)         The Base Charge with respect to Tenant’s payment for electricity for the Premises shall be $80,954.25 per annum, subject to increase as provided for in Article 24 of the Lease and Tenant shall continue to be responsible for the Common Area Electric charge for the 22nd floor;

 

(d)        Tenant shall be obligated to pay Article 26 additional rent upon all of the same terms and conditions set forth in Article 26, except that Tenant’s Tax Proportionate Share shall be deemed to be 3.0267% and Tenant’s Operating Proportionate Share shall be deemed to be 3.1549%; Base Year Operating Expenses shall mean Operating Expenses for the Operating Year ending December 31, 2016 and Real Estate Tax Base shall mean the Real Estate Taxes for the Tax Year ending on June 30, 2016; and

 

4.           Upon Tenant’s execution of this Second Amendment, Tenant shall deposit with Landlord a replacement letter of credit (in form required by Section 31.06 of the Lease) in the amount of $909,178.50 and with a final expiration date of December 31, 2026. Provided Tenant is not then in default beyond any applicable notice and cure periods, then on November 1, 2021, the security deposit shall be reduced to the sum of $454,589.25; provided however, there shall be no further reductions in the security deposit. Upon the execution and delivery of this Second Amendment, the Guaranty to the Lease dated September 8, 2008 executed and delivered by HALLMARK CARDS, INCORPORATED, as modified by the Fust Amendment, shall be deemed null and void and of no further force and effect.

 

5.           Notwithstanding anything in the Lease to the contrary, Tenant agrees that Landlord shall not be required to perform any work or furnish or remove any materials with respect to this Third Amendment and Tenant accepts the Premises in its “as-is” condition. Tenant further acknowledges and agrees that Tenant shall not be entitled to any free rent (except as set forth in Paragraph 3(a) above), concessions or contributions of money from Landlord with respect to this Second Amendment, except as set forth in Paragraph 6 below.

 

6.            (a) Provided Tenant is not then in default of any term or condition of this Lease beyond the expiration of any applicable notice and cure period, Landlord shall pay Tenant an allowance (Tenant’s Allowance), solely against the cost and expense incurred in connection with the performance of alteration work, including upgrade of bathrooms (and during such upgrade, Tenant shall have the right to use restrooms on another floor in the same elevator bank as reasonably designated by Landlord) to the Premises and low voltage cabling costs (Tenant’s Work), including without limitation, fees payable to Tenant’s engineer and Tenant’s architect and project manager, if any, and the cost to file the final plans and obtain necessary permits, Tenant’s Allowance not to exceed $747,270.00. In the event that the cost and expense of Tenant’s Work shall exceed this

 

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amount, Tenant shall be entirely responsible for such excess. In no event shall more than the sum of $149,454.00 be paid from the Tenant’s Allowance for fees payable to Tenant’s engineers or architects or for any project management fees or for filing or permit fees. Tenant’s Allowance shall be payable to Tenant upon written requisition in installments as Tenant’s Work progresses, but in no event more frequently than monthly and in no event shall any portion of Tenant’s Allowance be paid to Tenant after May 1, 2020 (Tenant waiving any remaining Tenant’s Allowance not paid by such date). The amount of each installment of Tenant’s Allowance payable pursuant to any such requisition shall be an amount equal to the actual costs paid or payable by Tenant for completed portions of Tenant’s Work referenced in such requisition (as evidenced by the paid or due and payable invoices delivered to Landlord in accordance with the next sentence). Prior to the payment of any such installment, Tenant shall deliver to Landlord such written requisition for disbursement which shall be accompanied by (1) paid or due and payable invoices for the Tenant’s Work performed since the last disbursement subject to customary retentions; (2) a certificate signed by Tenant’s architect or an officer of Tenant certifying that the Tenant’s Work represented by the aforesaid invoices has been satisfactorily completed in accordance with the final plan; (3) partial lien waivers by contractors, subcontractors and all materialmen for all such work covered by the prior disbursement; and (4) with respect to the final disbursement of Tenant’s Allowance, which final disbursement shall in no event be less than ten percent (10%) of the maximum amount of Tenant’s Allowance set forth above, all Building Department sign-offs (including, without limitation, a Letter of Completion), inspection certificates and any permits required to be issued by any governmental entities having jurisdiction thereover and a general release or final lien waivers from all contractors and subcontractors performing Tenant’s Work. At any and all times during the progress of Tenant’s Work, representatives of Landlord shall have the right of access to the Premises and inspection thereof during ordinary business hours and upon reasonable advance notice and shall have the right to withhold all or any portion of Tenant’s Allowance (as shall be reasonably appropriate under the circumstances) as shall equal the cost of correcting any portions of Tenant’s Work which shall not have been performed in compliance with the provisions of the Lease if Tenant fails to correct same promptly after written notice from Landlord to do so; provided, however, that Landlord shall incur no liability, obligation or responsibility to Tenant or any third party by reason of such access and inspection except to the extent of Landlord’s negligence or willful misconduct. All of Tenant’s Work shall be performed in accordance with the applicable provisions of the Lease; and

 

(b)           Landlord shall also pay Tenant the amount of $256,935.00 within ten (10) business days after Landlord delivers to Tenant a fully executed counterpart of this Second Amendment. In consideration of such payment, Tenant releases Landlord from the payment of any other Tenant Allowances or other allowances for any work within the Premises which may be payable under the Lease.

 

7.          A new Article 34 (Tenant’s Option to Terminate) is incorporated into the Lease in the form attached hereto as Exhibit B.

 

8.          Each of Landlord and Tenant covenants, represents and warrants to the other that neither has had any dealings or communications with any broker or agent in connection with the

 

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consummation of this Second Amendment other than COLLIERS INTERNATIONAL NY, LLC (Broker) and each covenants and agrees to defend, hold harmless and indemnify the other and its respective agents and employees from and against any and all cost, expenses (including attorneys’ fees) or liability for any commission or other compensation claimed by any broker or agent with respect to this Second Amendment or the negotiation hereof claiming to have dealt with the indemnifying party. Landlord shall compensate Broker pursuant to separate agreement.

 

9.           Except as modified by this Second Amendment, the Lease and all covenants, agreements, terms and conditions thereof shall remain in full force and effect and, as modified herein, are hereby in all respects ratified and confirmed.

 

10.         The covenants, agreements, terms and conditions contained in this Second Amendment shall bind and inure to the benefit of the parties hereto and except as otherwise provided in the Lease, their respective legal successors and assigns.

 

11.         This Second Amendment may not be changed or terminated orally but only by a writing signed by the party against whom enforcement thereof is sought.

 

12.         This Second Amendment shall not be binding upon Landlord unless and until it is signed by Landlord and a fully-executed copy thereof is delivered to Tenant.

 

13.         Landlord and Tenant each represent and wan-ant to the other that it is authorized to enter into this Second Amendment and that the party executing this Second Amendment has the power and authority to bind Landlord or Tenant, as the case may be, and that any third party consents required for the execution and delivery of this Second Amendment have been obtained or have been waived.

 

14.         Landlord represents to Tenant that, as of the date of this Second Amendment, there is no superior mortgage covering the Building. Landlord shall use commercially reasonable efforts to cause any future holder of any superior mortgage to execute and exchange with Tenant a non-disturbance agreement in such holder’s customaiy form, but neither the Lease nor any of Tenant’s obligations under the Lease shall in any way be effected or modified (including, without limitation, the provisions subordinating the Lease contained in Section 27.01 of the Lease), nor shall Landlord be liable to Tenant in any manner, if such holder fails to execute and exchange such non-disturbance agreement with Tenant.

 

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IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the day and year first above written.

 

	
 
    	
Landlord
    
	
 
    	
 
    
	
 
    	
1325 AVENUE OF THE   AMERICAS, L.P.
    
	
 
    	
By: 1325 Rental GP,   L.L.C., its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Jolanta K. Bott
    
	
 
    	
 
    	
Jolanta K. Bott
    
	
 
    	
 
    	
Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Tenant
    
	
 
    	
 
    
	
 
    	
CROWN MEDIA UNITED   STATES, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Andrew Rooke
    
	
 
    	
 
    	
Name: 
    	
Andrew Rooke
    
	
 
    	
 
    	
Title: 
    	
EVP & CFO
    

 

 

Acknowledgement: HALLMARK CARDS, INCORPORATED acknowledges and accepts the release of its Guaranty pursuant to Paragraph 4 of this Second Amendment.

 

 

HALLMARK CARDS, INCORPORATED

 

 

	
By: 
    	
/s/ Brian E. Gardner
    	
 
    
	
 
    	
Name: 
    	
Brian E. Gardner
    	
 
    
	
 
    	
Title: 
    	
Exec. Vice President
    	
 
    

 

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