Document:

First Amendment to UCF Hotel Venture Ground Lease

 Exhibit 10.7 
  
  
  
 FIRST AMENDMENT TO GROUND LEASE

 dated as of 
 June 12, 1998 
 among 
 UNIVERSAL CITY DEVELOPMENT PARTNERS 
 and 
 UNIVERSAL CITY FLORIDA PARTNERS, collectively, as Landlord 
 and 
 UCF HOTEL VENTURE, as Tenant 
  
  
  

 FIRST AMENDMENT TO GROUND LEASE 
 FIRST AMENDMENT TO GROUND LEASE, dated as of June 12, 1998 (this “Amendment”), among: 
  

	(a)	UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership (“UCDP”); 

  

	(b)	UNIVERSAL CITY FLORIDA PARTNERS, a Florida general partnership (“UCFP”; together with UCDP, the “Landlord”); and

  

	(c)	UCF HOTEL VENTURE, a Florida general partnership (the “Tenant”). 

 W I T N E S S E T H: 
 WHEREAS, the Landlord and the Tenant are parties to the Ground Lease, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the “Lease”), with
respect to the real property described therein which is located in the City of Orlando, Orange County, Florida and more particularly described on Exhibit A attached hereto (the “Leased Land”); 
 WHEREAS, the Tenant is a party to the Senior Secured Loan Agreement, dated as of the date hereof (as amended, supplemented or otherwise
modified from time to time, the “Loan Agreement”), with the banks and other financial institutions from time to time parties thereto (the “Lenders”), the Syndication Agent named therein, the Documentation Agent
named therein, the Collateral Agent named therein and The Chase Manhattan Bank, as administrative agent (in such capacity, the “Administrative Agent”); 
 WHEREAS, pursuant to the Loan Agreement, the Lenders have agreed to make certain extensions of credit to the Tenant for the purpose of financing the development and construction of three hotels and a
common support facility upon the Leased Land; 
 WHEREAS, the Lenders have requested that certain changes be made to the Lease
for the benefit of the Lenders; 
 WHEREAS, it is a condition precedent to the obligations of the Lenders to make such
extensions of credit that the Tenant shall have caused this Amendment to be duly executed by the parties hereto, delivered to the Administrative Agent and recorded by incorporating it by reference in a memorandum; 

 NOW, THEREFORE, in consideration of the premises and for other good and valid consideration
(the receipt of which hereby is acknowledged), the parties hereto hereby agree as follows: 
 1. Capitalized terms which are
used is this Amendment without definition shall have the meanings assigned thereto in the Lease. 
 2. Section 1.1 of the
Lease is hereby amended by deleting in its entirety the definition of the term “Permitted Leasehold Mortgage” contained therein and substituting in lieu thereof the following: 
 “‘Permitted Leasehold Mortgage’ shall mean any mortgage made pursuant to Article XIII, together with
(a) any applicable security instruments entered into in connection therewith, including mortgages, deeds of trust, mortgage deeds, security deeds, conditional deeds, financing statements, security agreements and any other documentation that the
applicable lender may require, (b) all renewals, increases, modifications, spreaders, consolidations and extensions thereof and (c) to the extent that such replacement secures obligations which are owing to a substantially similar group of
lenders, all replacements thereof.” 
 3. Section 1.2 of the Lease is hereby amended by deleting clause (b) in
its entirety and substituting in lieu thereof the following clause (b): 
 “(b) as such definition is
modified with Landlord and Permitted Leasehold Mortgagee’s approval.” 
 4. Subsection 4.1 of the Lease is hereby amended by adding the following
as a new clause (d) thereto: 
 “(d) If Tenant’s interest herein is transferred to Permitted
Leasehold Mortgagee (or its assigns) by Foreclosure, assignment in lieu or other similar event, the transferee (the “Successor 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 following priority of distributions for the applicable Fiscal Year: 
  

	 	(i)	first, to the payment of Base Rent to the landlord (or its successor); 

  

	 	(ii)	next, an amount to be retained by the Successor Tenant equal to the Priority Return; and 

  

	 	(iii)	next, to the payment of Additional Rent to the landlord (or its successor), 

  

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 except that the amount of debt service that shall be deducted when computing Income After
Debt Service and the amount of the Priority Return shall each be determined as follows: 
  

	 	(A)	the amount of deemed debt service, on an annual basis, to be used solely for the purpose of determining Income After Debt Service shall be deemed to be equal to the
interest expense which would have accrued under the terms of the Loan Agreement as if no default or event of default was in existence thereunder for the period of the twelve (12) consecutive months most recently ended prior to the occurrence of
the Foreclosure, assignment in lieu or other similar event, or such prorated portion thereof as shall be applicable to any partial Fiscal Year; and 

  

	 	(B)	the amount of the Priority Return for each Fiscal Year after the occurrence of a Foreclosure, assignment in lieu or similar event shall be deemed to be Thirty Million
Dollars ($30,000,000), or such prorated portion thereof as shall be applicable to any partial Fiscal Year. 

 If
Income After Debt Service is not sufficient to make all or part of any of the distributions described in this section, any resulting deficiency in such distributions, and any related rights, if any, to any such distributions, shall not be cumulative
and shall not be carried forward to the subsequent Fiscal Year. If Available Cash distributed pursuant to this section for any Fiscal Year is not sufficient to make distributions equal to the total aggregate amount of Income After Debt Service, then
such deficiency in such distributions, and any related rights, if any, to any such distributions, shall be cumulative and shall be carried forward and paid out of the first Available Cash subsequently available prior to any distribution of Available
Cash in respect of Income After Debt Service in subsequent Fiscal Years.” 
 5. Section 10.5 of the Lease is hereby
amended by adding the following sentence after the first sentence: 
 “All such sublessees and concessionaires which are for
a term of greater than three years (inclusive of all extensions) shall agree to attorn to such Successor Landlord, provided such Successor Landlord agrees not to disturb such sublessee or concessionaire.” 
 6. Section 11.1 of the Lease is hereby amended by (i) deleting subsection 11.1 (a) in its entirety and substituting in lieu
thereof the following: 
 “(a) If the Project or any portion thereof is damaged or destroyed by fire or any
other casualty or occurrence, whether or not such damage or destruction is insured under the insurance coverage required to be maintained by Tenant under this Lease, subject to the terms of the Permitted Leasehold Mortgage, Tenant, at Tenant’s
sole expense, shall cause the Project (or portion thereof) to be fully repaired and restored to

  

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the condition existing immediately prior to such fire, casualty or occurrence; provided, that, if such casualty or occurrence resulted in damage or destruction of a significant portion of
the Theme Park, Tenant shall only be required to repair and restore the Project (or portion thereof) if the Theme Park Owner is required to repair and restore the damage or destruction to such portion of the Theme Park. Subject to the occurrence of
a Force Majeure Event and the terms of the Permitted Leasehold Mortgage, Tenant shall commence the restoration within (i) one hundred twenty (120) days after receipt of the insurance proceeds paid following a fire or other insured casualty
(the “Net Insurance Proceeds”) arising from the damage or destruction which caused the need for such restoration or (ii) if the fire or other casualty was not insured, one hundred five (105) days after the occurrence of
the fire or casualty and in each case Tenant shall at such time diligently pursue the completion of such restoration.” 
 (ii) Adding in subsection 11.1(d) after the clause “Notwithstanding the foregoing”, the following: 
 “and subject to the terms of the Permitted Leasehold Mortgage,” 
 7. Subsection 11.2(b) of the Lease is
hereby amended by adding after the clause “If this Lease does not terminate with respect to the affected Property due to such taking or condemnation”, the following: 
 “and subject to the terms of the Permitted Leasehold Mortgage,” 
 8. Subsection 12.8 of the Lease is hereby amended by adding at the end of the paragraph the following: 
 “In the event of a Landlord bankruptcy, Tenant’s rights under Section 365(h)(1) of the Bankruptcy Code to accept a
disaffirmance by debtor or trustee and treat the Lease as terminated or to stay in possession of the Premises, shall be exercised by Tenant or the Permitted Leasehold Mortgagee (as applicable) only in accordance with the provisions of the Permitted
Leasehold Mortgagee.” 
 9. Section 13.6 of the Lease is hereby amended by deleting said section in its entirety and
substituting in lieu thereof the following: 
 “Section 13.6. Fee Interest. In the event that
the Tenant shall at any time be the owner of the fee interest in the Premises, then (as of the later of the date upon which Tenant became the owner of such fee interest and the date of the Permitted Leasehold Mortgage) (a) the lien created by
the Permitted Leasehold Mortgage from Tenant to The Chase Manhattan Bank (as administrative agent) shall attach to and cover and be a first priority lien on such fee interest and (b) such fee interest shall, without further assignment, mortgage
or conveyance, become and be subject to the lien of and covered by such Permitted Leasehold Mortgage. 
  

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 10. The following Section 13.7 is added to the Lease immediately following
Section 13.6: 
 “Section 13.7 No Mortgage of Fee. While the Permitted Leasehold Mortgage
is outstanding, Landlord shall not mortgage or encumber the fee.” 
 11. The following Article is added to the Lease
immediately following Article XVIII therein: 
 “ARTICLE XIX 
 PERMITTED LEASEHOLD MORTGAGEE PROVISIONS 
 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 date (the “Trigger Date”) which is the earlier of the Foreclosure Date or the date upon which
Universal Studios, Inc., The Rank Group Plc and Loews Corporation (and their respective successors and assigns) have either: 
 (i) contributed (or caused to be contributed) to Tenant pursuant to those certain Operating Expenses Shortfall Agreements to which they are a party; or 
 (ii) paid (or caused to be paid) to the Administrative Agent pursuant to those certain Interest Payment Agreements to which
they are a party; 
 more than $25,000,000 in Post-Completion Liabilities (as such term is defined in each such Operating
Expenses Shortfall Agreement or Interest Payment Agreement, as applicable). 
 (b) In the event that the Trigger
Date occurs, Landlord and Tenant shall negotiate in good faith such that the Ground Lease shall be severed by Landlord and Tenant into four separate ground leases, in order to create (i) a lease between Landlord and Tenant of the site presently
contemplated to be known as “The Portofino Bay Hotel, a Loews Hotel” which is more particularly described on Exhibit B-l attached hereto (the “Portofino Lease”); (ii) a lease between Landlord and Tenant of the site
presently contemplated to be known as the “Hard Rock Hotel” which is more particularly described on Exhibit B-2 attached hereto (the “Hard Rock Lease”); (iii) a lease between Landlord and Tenant of the site presently
contemplated to be known as the “The South Seas Hotel, a Loews Hotel” which is more particularly described on Exhibit B-3 attached hereto (the “South Seas Lease”); and (iv) a lease between Landlord and Tenant of the
site commonly known as the common support facility which is more particularly described on Exhibit B-4 attached hereto (the “Common Support Facility Lease”; together with the Portofino Lease, the Hard Rock Lease and the South Seas
Lease, the “Severed Leases”; each, a “Severed Lease”). The Severed

  

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Leases shall have terms and conditions which, in the aggregate, are substantially similar in all material respects to the remaining terms and conditions of the Ground Lease, with any obligations
which is predicated upon the existence of a single ground lease (e.g., Base Rent and Taxes) being prorated among the Severed Leases based upon an allocation of actual construction costs and with any other terms and conditions of the Ground
Lease being equitably distributed among the Severed Leases and being reasonably acceptable to the Permitted Leasehold Mortgagee. 
 (b) If the Severed Leases are not effected within six months following the Trigger Date, Landlord and Tenant shall submit to binding arbitration any items which have not then been agreed upon. In any such
arbitration, the arbitrator shall be an independent expert who is chosen by mutual agreement of Landlord and Tenant (or, if Landlord and Tenant are not able to agree upon an arbitrator, by mutual agreement of the principal independent accounting
firms to Landlord and Tenant) and is reasonably satisfactory to the Permitted Leasehold Mortgagee. The arbitrator shall arbitrate the dispute and shall submit to Landlord and Tenant (with a copy to the Administrative Agent) a written statement of
its adjudication, which statement, when delivered to Landlord and Tenant, shall become binding upon Landlord and Tenant. In acting hereunder, the arbitrator shall be entitled to the privileges and immunities of arbitrators, and each party agrees to
enter into an engagement agreement reasonably acceptable to both parties with such arbitrator in connection with the foregoing and shall request, and seek in any such engagement agreement to require, that the arbitrator issue a written statement of
its adjudication as promptly as practicable and in any event within forty-five (45) days of the date of final submission of documentation by Landlord and Tenant in connection therewith. 
 (c) Notwithstanding anything to the contrary contained herein, an Event of Default under any Severed Lease shall not be an
Event of Default under the other Severed Leases. 
 Section 19.2 Changes in Legal Description.
Notwithstanding anything to the contrary contained herein, upon Substantial Completion (as defined in the Mortgage, Assignment of Leases and Rents and Security Agreement dated as of the date hereof from Tenant to Administrative Agent (the
“Mortgage”)), Landlord and Tenant shall obtain new legal description of the real property that reflect any immaterial modifications of the “as-built” placement of (a) common area infrastructure and (b) the Hotels
or Common Support Facility encroaching into the Shared Areas (as that term is defined in the Resort and Reciprocal Easement Agreement. Upon receipt of such modified descriptions, Exhibit D (or the corresponding Exhibit, if the Lease has been severed
pursuant to subsection 19.1 above) to this Lease shall be deleted and replaced with such modified descriptions; provided that net change in the legal description has no Material Adverse Effect on the use, operation or value of the Hotels and
Common Support Facility. 
  

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 Section 19.3 Subordination of Rent. Notwithstanding anything to
the contrary contained herein, the Rent shall not be payable hereunder during the continuance of an Event of Default under subparagraph 8.01 (a) or 8.01(b) of the Loan Agreement; provided, however, that the obligation to pay Rent
on a current basis hereunder shall be reinstated upon the earlier to occur of (a) the amount of time reasonably necessary for the Administrative Agent or its assignee to acquire the rights of Tenant under the Lease or the Severed Leases, if
applicable (or, if later, the date which is 18 months after the occurrence of such Event of Default and declaration of acceleration) and (b) the Foreclosure Date. For purposes of this Section 19.3, the term “Foreclosure
Date” shall mean the date upon which title to or possession of any Hotel or the Common Support Facility is transferred to a subsequent owner pursuant to the exercise by the holder of record of the Permitted Leasehold Mortgage of any rights
or remedies available to it upon a default thereunder, including, without limitation, (i) a transfer by judicial foreclosure, (ii) a transfer by assignment in lieu of foreclosure, (iii) the transfer of either ownership or control of Tenant
by exercise of a stock pledge or otherwise, (iv) a transfer resulting from an order given in a bankruptcy, reorganization, insolvency or similar proceeding, (v) an assignment of Tenant’s interests hereunder or (vi) any similar
judicial or non-judicial exercise of remedies held by the holder of the Permitted Leasehold Mortgage. 
 12. Notwithstanding
anything contained herein, allocations of condemnation proceeds shall be made to Permitted Leasehold Mortgagee if its interest or security is materially impaired. 
 13. Notwithstanding anything contained herein, this Amendment shall terminate (and shall cease to be of any force and effect) upon payment in full of the Debt (as defined in the Mortgage) and the parties
shall execute a document confirming such termination. 
 [Remainder of Page Intentionally Left Blank] 
  

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 18. The Ground Lease, as amended hereby, is hereby ratified and confirmed and is and shall
remain in full force and effect. 
  

															
		 		 		 	UNIVERSAL CITY DEVELOPMENT PARTNERS, as Landlord
					
		 		 		 	By:	 	Universal City Florida Ltd., a general partner
						
		 		 		 		 	By:	 	Universal City Florida Holding Co. II, a general partner
						
	WITNESS:	 		 		 		 	By:	 	Rank Orlando II, Inc., a general partner
							
	

	 		 		 		 		 	By:	 	

	 		 		 		 		 	Name:	 
	 		 		 		 		 	Title:	 
						
	WITNESS:	 		 		 		 	By:	 	Universal City Property Management Company II, a general partner
							
	Kelly Mantle	 		 		 		 		 	By:	 	/s/ Glenn Gumpel
	 

	 		 		 		 		 	Name:	 	Glenn Gumpel
	 		 		 		 		 	Title:	 	Executive Vice President-Recreations
					
		 		 		 	By:	 	Universal City Florida Holding Co. II, a general partner
					
	WITNESS:	 		 		 	By:	 	Rank Orlando II, Inc., a general partner
						
	

	 		 		 		 	By:	 	

	 		 		 		 	Name:	 
	 		 		 	 	Title:	 
					
	WITNESS:	 		 		 	By:	 	Universal City Property Management Company II, a general partner
						
	Kelly Mantle	 		 		 		 	By:	 	/s/ Glenn Gumpel
	 

	 		 		 		 	Name:	 	Glenn Gumpel
	 		 		 		 	Title:	 	Executive Vice President-Recreations

  

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		 		 		 	UNIVERSAL CITY FLORIDA PARTNERS, as Landlord
				
	WITNESS:	 		 	By:	 	Rank Orlando, Inc., a general partner
					
	

	 		 		 	By:	 	

	 		 		 	Name:	 
	 		 		 	Title:	 
					
	WITNESS:	 		 		 	By:	 	Universal City Property Management Company, a general partner
						
	Kelly Mantle	 		 		 		 	By:	 	/s/ Glenn Gumpel
	

	 		 		 		 	Name:	 	Glenn Gumpel
	 		 		 		 	Title:	 	 Executive Vice President-Recreations
  

	 		 	By:	 	Universal City Florida Holding Co. I, a general partner
					
	WITNESS:	 		 		 	By:	 	Rank Orlando, Inc., a general partner
						
	

	 		 		 		 	By:	 	

	 		 		 		 	Name:	 
	 		 		 		 	Title:	 
					
	WITNESS:	 		 		 	By:	 	Universal City Property Management Company, a general partner
						
	Kelly Mantle	 		 		 		 	By:	 	/s/ Glenn Gumpel
	

	 		 		 		 	Name:	 	Glenn Gumpel
	 		 		 		 	Title:	 	 Executive Vice President-Recreations
  

	 		 	UCF HOTEL VENTURE, as Tenant
					
	WITNESS:	 		 		 	By:	 	Loews Orlando Hotel Partner, Inc., a general partner
						
	 	 		 		 		 	By:	 	 
		 		 		 		 	Name:	 	
	 	 		 		 		 	Title:	 	

  

 9 

															
		 		 		 	UNIVERSAL CITY FLORIDA PARTNERS, as Landlord
					
		 		 		 	By:	 	Rank Orlando Inc., a general partner
						
		 		 		 		 	By:	 	 
		 		 		 		 		 	Name:	 	
		 		 		 		 		 	Title:	 	
				
	Signed, sealed and delivered in the presence of the following two witnesses:	 		 	By:	 	Universal City Property Management Company, a general partner
					
	/s/ Marcell Clark	 		 		 	By:	 	/s/ Glenn Gumpel
	 (Signature of witness one)
	 		 		 		 	Name:	 	Glenn Gumpel
	 Print name: Marcell Clark
	 		 		 		 	Title:	 	
				
	/s/ Robert J. Lennon	 		 	By:	 	Universal City Holding Co. I, a general partner
	 (Signature of witness two)
	 		 		 		 		 		 	
	 Print name: Robert J. Lennon
	 		 		 		 		 		 	
		 		 		 	By:	 	Rank Orlando, Inc., a general partner
						
		 		 		 		 	By:	 	 
		 		 		 		 		 		 	Name:	 	
		 		 		 		 		 		 	Title:	 	
					
	Signed, sealed and delivered in the presence of the following two witnesses:	 		 		 	By:	 	Universal City Property Management Company, a general partner
						
	/s/ Marcell Clark	 		 		 		 	By:	 	/s/ Glenn Gumpel
	 (Signature of witness one)
	 		 		 		 		 	Name:	 	Glenn Gumpel
	 Print name: Marcell Clark
	 		 		 		 		 	Title:	 	
				
	/s/ Robert J. Lennon	 		 		 	
	 (Signature of witness two)
	 		 		 		 		 		 	
	 Print name: Robert J. Lennon
	 		 	UCF HOTEL VENTURE, as Tenant
				
	Signed, sealed and delivered in the presence of the following two witnesses:	 		 	By:	 	Loews Orlando Hotel Partner, Inc., a general partner
					
	/s/ Stephanie Anastassiou	 		 		 	By:	 	/s/ Jack S. Adler
	 (Signature of witness one)
	 		 		 		 	Name:	 	Jack S. Adler
	 Print name: Stephanie Anastassiou
	 		 		 		 	Title:	 	E.V.P.
				
	/s/ Marcell Clark	 		 		 	
	 (Signature of witness two)
	 		 		 		 		 		 	
	 Print name: Marcell Clark
	 		 		 		 		 		 	

  

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		 		 		 	By:	 	Universal Rank Hotel Partners, a general partner
					
	WITNESS:	 		 		 	By:	 	Universal Studios Hotel, lnc., a general partner
						
	Kelly Mantle	 		 		 		 	By:	 	/s/ Glenn Gumpel
	

	 		 		 		 	Name:	 	Glenn Gumpel
	 		 		 		 	Title:	 	Executive Vice President-Recreations
					
	WITNESS:	 		 		 	By:	 	Rank Hotels Orlando, Inc., a general partner
						
	

	 		 		 		 	By:	 	

	 		 		 		 	Name:	 
	 		 		 		 	Title:	 

  

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 THIS INSTRUMENT PREPARED BY 
 AND SHOULD BE RETURNED TO: 
 Peter G. Latham, Esq. 
 KAY, PANZL & LATHAM, LLP 
 390 North
Orange Avenue, Suite 600 
 Post Office Box 3353 
 Orlando, FL 32802 
 (407) 481-5801 
 For Recording Purposes Only 
 FIRST AMENDMENT TO GROUND
LEASE 
 THIS FIRST AMENDMENT TO GROUND LEASE (“First Amendment”) made and entered into
this 12th day of June, 1998 by and between UNIVERSAL
CITY FLORIDA PARTNERS, a Florida general partnership (“Lessor”) and UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership (“Lessee”) 
 W I T N E S S E T H 
 WHEREAS, Lessor and
Lessee have previously entered into a Ground Lease dated ____________, 1995 (the “Lease”) a memorandum of which Lease was recorded November 8, 1995 in Official Records Book 4971, Page 2577, of the Public Records of Orange County,
Florida; and . 
 WHEREAS, Lessor and Lessee have agreed to enter into a Ground Lease of the Premises as well as other
lands owned by Lessor to UCF Hotel Venture (the “UCF Lease”); and 
 WHEREAS, Lessor and Lessee desire to
modify the Lease to facilitate the making of the UCF Lease, by releasing from the Lease all portions of the Premises, as defined therein, which will be leased to UCF Hotel Venture pursuant to the UCF Lease; 
 NOW, THEREFORE, in consideration of the mutual and reciprocal covenants herein made and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 
 1. Correction
of Description of Premises. The parties acknowledge that the description of the Premises set forth in the Lease was created prior to the construction of many infrastructure and supporting facilities and the development of the
infrastructure and supporting facilities has resulted in a number of minor changes in the legal description of the Premises and the Premises has been subject to a Plat of Universal City, Florida. In addition the parties have agreed that all portions
of the Premises located within Lots 8 A and 10A of the Plat of Universal City Florida, according to the Plat thereof recorded in Plat Book 35, Page 84 through 87, Public Records of Orange County Florida, are removed, discharged and forever
released from the

 
description of the Premises and from all terms and conditions of the Lease. Accordingly, Exhibits A, A-1, B, B-1, C and C-1 of the Lease are hereby deleted in their entirety. The parties agree
that the description of (1) Lessor’s Property shall be as set forth on Exhibit “A;” and (2) the Premises shall be as set forth on Exhibits “B”, said Exhibits “A” and “B” being attached hereto
and incorporated herein by this reference. 
 2. Joint Use Facilities. The parties agree that the third, fourth,
and fifth recitals Sections 1.4, 2.2, and Section 4 (including all subsections), as well as all other references to the Joint Use Facilities and Joint Use Agreements set forth in the Lease are hereby deemed deleted and shall be null and void.

 3. Rent. Lessor acknowledges that Lessee has herewith paid the sum of $470.00 plus all applicable sales tax as
a prepayment of all Rent required by Section 2.1 of the Lease and that no further Rent or any additional rent or other charges or payments shall be required under the terms of the Lease. Accordingly, all of Sections 2.3,2.4, 2.5 and that
portion of Section 2.6 commencing with the phrase “and the Rent...” through the end of Section 2.6, are hereby deemed deleted and shall be null and void. 
 4. Other Deletions; Modifications. The parties agree that in Section 1.3 of the Lease, from the eleventh line through the
twenty-third line, the phrase beginning with, “ except to the extent” and ending with “Section 1.1, hereof” is hereby deemed deleted and shall be null and void. 
 5. Memorandum of First Amendment to Lease. Lessor and Lessee agree that this First Amendment shall be recorded in the Public
Records of Orange County, Florida. 
 6. Continued Effect. Except as herein modified, the parties acknowledge and
agree that the Lease is 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 First Amendment (it being acknowledged and agreed that any and all defaults existing as of the date hereof, whether known or unknown, are hereby waived). All defined terms in this First Amendment have the same meaning as in the
Lease, except as otherwise noted. In the event of any conflict between the Lease and this First Amendment, this First Amendment shall control. 

 IN WITNESS WHEREOF, the parties have executed this First Amendment this _________ day
of _________, 1998. 
  

													
		 		 		 	“LESSEE”
			
	Signed, sealed and delivered in the presence of:	 		 	 UNIVERSAL CITY DEVELOPMENT PARTNERS,
 a Florida general partnership

					
	Signature	 	/s/ Kelly Mantle	 		 	By:	 	 UNIVERSAL CITY FLORIDA HOLDING
 CO. II, a Florida general partnership, a
 general partner

	Print/Type Name:	 	Kelly Mantle	 		 		 		 	
						
	Signature	 	/s/ Richard Long	 		 		 	By:	 	 UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a
 Delaware corporation, a general partner

	Print/Type Name:	 	Richard Long	 		 		 	  
 By:
	 	  
 /s/ Glenn
Gumpel

		 		 		 		 	Name:	 	Glenn Gumpel
		 		 		 		 	Title:	 	Authorized Representative
						
		 		 		 		 		 	And
						
	Signature	 	 	 		 		 	By:	 	 RANK ORLANDO II, INC., a
 Delaware corporation, a general partner
  

	Print/Type Name:	 	 	 		 		 		 	
						
	Signature	 	 	 		 		 	By:	 	 
	Print/Type Name:	 	 	 		 		 	Name:	 	 
		 		 		 		 	Title:	 	 
				
	Signed, sealed and delivered in the presence of:	 		 	By:	 	 UNIVERSAL CITY FLORIDA LTD., a
 Florida limited partnership, a general partner

						
	Signature	 	/s/ Kelly Mantle	 		 		 	By:	 	 UNIVERSAL CITY FLORIDA HOLDING CO. II, a Florida general partnership, general partner
  

	Print/Type Name:	 	Kelly Mantle	 		 		 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a Delaware corporation, a general partner
							
	Signature	 	/s/ Richard Long	 		 		 		 	By:	 	/s/ Glenn Gumpel
	Print/Type Name:	 	Richard Long	 		 		 		 	Name:	 	Glenn Gumpel
		 		 		 		 		 	Title:	 	Authorized Representative

									
		 		 	And
	Signature	 	 	 		 	
	Print/Type Name: 	 	 	 		 	By:	 	RANK ORLANDO II, INC., a Delaware corporation, a general partner
				
	Signature	 	 	 		 	
	Print/Type:	 	 	 		 	By:	 	 
		 		 		 	Name:	 	 
		 		 		 	Title:	 	 

  

					
	 State of California
	  	)	  	
		  	)	  	
	 County of Los Angeles
	  	)	  	

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared Glenn Gumpel as the Authorized Representative of UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a Delaware corporation, a general partner of UNIVERSAL CITY
FLORIDA HOLDING CO. II, a Florida general partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and that he acknowledged executing the same on behalf of said corporation and partnership, in
the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him by said corporation. He is þ personally known to me or  ̈
 produced a                      as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this 23rd day of June, 1998. 
  

	
	/s/ Lisa Blau
	Notary Public

 (NOTARIAL SEAL) 
  

					
	 State of
	  	)	  	

		  	)	  
	 County of
	  	)	  

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared                      as the
                     of RANK ORLANDO II, INC., a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA HOLDING CO.
II, a Florida general partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and that he/she acknowledged executing the same on behalf of said corporation and partnership, in the
presence of two subscribing witnesses freely and voluntarily under authority duly vested in him/her by said corporation. He/She is  ̈ personally known to me or  ̈
 produced a                      as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this      day of June, 1998. 
  

	
	  
	Notary Public

 (NOTARIAL SEAL) 

					
	 State of California
	  	)	  	
		  	)	  	
	 County of Los Angeles
	  	)	  	

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared Glenn Gumpel, as the Authorized Rep. of UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA
HOLDING CO. II, a Florida general partnership, a general partner of UNIVERSAL CITY FLORIDA LTD., a Florida limited partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and that he
acknowledged executing the same on behalf of said corporation and partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him by said corporation. He is þ personally known to me or  ̈ produced a
                     as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this 23rd day of June, 1998. 
  

	
	/s/ Lisa Blau
	Notary Public

 (NOTARIAL SEAL) 
  

					
	 State of
	  	)	  	

		  	)	  
	 County of
	  	)	  

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared                     , as the
                     of RANK ORLANDO II, INC., a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA HOLDING CO.
II, a Florida general partnership, a general partner of UNIVERSAL CITY FLORIDA LTD., a Florida limited partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and that he/she
acknowledged executing the same on behalf of said corporation and partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him/her by said corporation. He/She is  ̈ personally known to me or  ̈ produced a
                     as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this      day of June, 1998. 
  

	
	  
	Notary Public

 (NOTARIAL SEAL) 

											
		 		 	“LESSOR”
		 		 	
		 		 	 UNIVERSAL CITY FLORIDA PARTNERS, a
 Florida general partnership

	Signed, sealed and delivered in the presence of:	 		 	
	Signature:	 	/s/ Kelly Mantle	 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY, a Delaware corporation, a general partner
	Print/Type Name: 	 	Kelly Mantle	 		 		 
					
	Signature:	 	/s/ Richard Long	 		 	By:	 	/s/ Glenn Gumpel
	Print/Type Name:	 	Richard Long	 		 	Name:	 	Glenn Gumpel
		 		 		 	Title:	 	Authorized Representative
			
	Signed, sealed and delivered in the presence of:	 		 	 UNIVERSAL CITY FLORIDA HOLDING
 CO. I, a Florida general partnership a general partner 

						
	Signature:	 	/s/ Kelly Mantle	 		 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY, a Delaware corporation, a general partner
	Print/Type Name: 	 	Kelly Mantle	 		 		 		 
						
	Signature:	 	/s/ Richard Long	 		 		 	By:	 	/s/ Glenn Gumpel
	Print/Type Name:	 	Richard Long	 		 		 	Name:	 	Glenn Gumpel
		 		 		 		 	Title:	 	Authorized Representative
				
		 		 		 	and
					
	Signed, sealed and delivered in the presence of:	 		 		 	By:	 	RANK ORLANDO, INC. a Delaware corporation, a general partner
						
	Signature:	 	 	 		 		 	By:	 	 
	Print/Type Name:	 	 	 		 		 	Name:	 	 
		 		 		 		 	Title:	 	 
	Signature:	 	 	 		 		 		 	
	Print/Type Name:	 	 	 		 		 		 	
				
	Signed, sealed and delivered in the presence of:	 		 	By:	 	RANK ORLANDO, INC. a Delaware corporation, a general partner
					
	Signature:	 	 	 		 	By:	 	 
	Print/Type Name:	 	 	 		 	Name:	 	 
		 		 		 	Title:	 	 
	Signature:	 	 	 		 		 	
	Print/Type Name:	 	 	 		 		 	

					
	State of California	  	)	  	
		  	)	  	
	County of Los Angeles	  	)	  	

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared Glenn Gumpel, as the Authorised Rep. of UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY, a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA
PARTNERS, a Florida general partnership, and that he acknowledged executing the same on behalf of said corporation and partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him by said
corporation. He is þ personally known to me or  ̈ produced
                         as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this 23rd day of June, 1998. 
  

	
	/s/ Lisa Blau
	Notary Public

  

					
	(NOTARIAL SEAL)	  	

  

					
	State of California	  	)	  	
		  	)	  
	County of Los Angeles	  	)	  

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared Glenn Gumpel as the Authorised Rep. of UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY, a Delaware corporation, a general partner of UNIVERSAL CITY
FLORIDA HOLDING CO. I, a Florida general partnership, a general partner of UNIVERSAL CITY FLORIDA PARTNERS, a Florida general partnership, and that he acknowledged executing the same on behalf of said corporation and
partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him by said corporation. He is þ personally known to me or  ̈ produced a                      as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this 23rd day of June, 1998. 
  

	
	/s/ Lisa Blau
	Notary Public

  

					
	(NOTARIAL SEAL)	  	

 IN WITNESS WHEREOF, the parties have executed this First Amendment this
             day of             , 1998. 
  

													
		 		 		 	“LESSEE”
			
	 Signed, sealed and delivered
 in the presence of:
	 		 	 UNIVERSAL CITY DEVELOPMENT PARTNERS,
 a Florida general partnership

					
	Signature	 	 	 		 	By:	 	UNIVERSAL CITY FLORIDA HOLDING
	Print/Type Name:	 	 	 		 		 	CO. II, a Florida general partnership, a
		 		 		 		 	 general partner
  

	Signature	 	 	 		 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a
	Print/Type Name:	 	 	 		 		 		 	Delaware corporation, a general partner
						
		 		 		 		 	By:	 	 
		 		 		 		 	Name:	 	 
		 		 		 		 	Title:	 	 
						
		 		 		 		 		 	And
						
	Signature	 	/s/ Denise D. Brock	 		 		 	By:	 	 RANK ORLANDO II, INC., a
 Delaware corporation, a general partner
  

	Print/Type Name:	 	Denise Brock	 		 		 	By:	 	/s/ Anthony Ainsworth
	  
 Signature
	 	  
 /s/ Debbie
Jones
	 		 		 	 Name:
 Title:
	 	 Anthony Ainsworth
 Vice President

	Print/Type Name:	 	Debbie Jones	 		 		 		 	
				
	 Signed, sealed and delivered
 in the presence of:
	 		 	By:	 	 UNIVERSAL CITY FLORIDA LTD., a
 Florida limited partnership, a general partner

						
	Signature	 	 	 		 		 	By:	 	UNIVERSAL CITY FLORIDA HOLDING CO. 
	Print/Type Name:	 	 	 		 		 		 	II, a Florida general partnership, general partner
		 		 		 		 		 	
		 		 		 		 		 	By:	 	UNIVERSAL CITY PROPERTY
	Signature	 	 	 		 		 		 		 	MANAGEMENT COMPANY II, a
	Print/Type Name:	 	 	 		 		 		 		 	Delaware corporation, a general partner
							
		 		 		 		 		 	By:	 	 
		 		 		 		 		 	Name:	 	 
		 		 		 		 		 	Title:	 	 

									
		 		 	And
					
	Signature	 	/s/ Denise D. Brock	 		 	By:	 	RANK ORLANDO II, INC., a Delaware corporation, a general partner
	Print/Type Name: 	 	Denise D. Brock	 		 		 	
		 		 		 	By:	 	/s/ Anthony Ainsworth
	Signature	 	/s/ Debbie Jones	 		 	Name:	 	Anthony Ainsworth
	Print/Type:	 	Debbie Jones	 		 	Title:	 	Vice President

  

					
	State of	  	)	  	
		  	)	  	
	County of	  	)	  	

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared                      as the
                     of UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a Delaware corporation, a general partner of UNIVERSAL CITY
FLORIDA HOLDING CO. II, a Florida general partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and that he/she acknowledged executing the same on behalf of said corporation
and partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him/her by said corporation. He/She is  ̈ personally known to me or  ̈ produced a                      as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this
             day of June, 1998. 
  

	
	  
	Notary Public

 (NOTARIAL SEAL) 
  

					
	State of Florida	  	)	  	
		  	)	  
	County of Orange	  	)	  

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared Anthony Ainsworth as the Vice President of RANK ORLANDO II, INC., a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA HOLDING CO. II, a
Florida general partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and that he/she acknowledged executing the same on behalf of said corporation and partnership, in the presence of two
subscribing witnesses freely and voluntarily under authority duly vested in him/her by said corporation. He/She is þ personally known to me or  ̈ produced
a                      as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this,              day of June, 1998. 
  

	
	/s/ Maryanne Brown
	Notary Public

  

					
	(NOTARIAL SEAL)	  	

					
	State of	  	)	  	
		  	)	  	
	County of	  	)	  	

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared                         , as the
                         of UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY II, a Delaware corporation, a general
partner of UNIVERSAL CITY FLORIDA HOLDING CO. II, a Florida general partnership, a general partner of UNIVERSAL CITY FLORIDA LTD., a Florida limited partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a
Florida general partnership, and that he/she acknowledged executing the same on behalf of said corporation and partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him/her by said
corporation. He/She is  ̈ personally known to me or  ̈ produced a
                         as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this __ day of June, 1998. 
  

	
	
	  
	Notary Public

 (NOTARIAL SEAL) 
  

					
	State of Florida	  	)	  	
		  	)	  	
	County of Orange	  	)	  	

 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in
the State aforesaid and in the County aforesaid to take acknowledgments, appeared Anthony Ainsworth, as the Vice President of RANK ORLANDO II, INC., a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA HOLDING
CO. II, a Florida general partnership, a general partner of UNIVERSAL CITY FLORIDA LTD., a Florida limited partnership, a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, a Florida general partnership, and that he/she
acknowledged executing the same on behalf of said corporation and partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him/her by said corporation. He/She is þ personally known to me or  ̈ produced a
                         as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this 22nd day of June, 1998. 
  

	
	/s/ Maryanne Brown
	Notary Public

  

					
	(NOTARIAL SEAL)	  	                                

  

											
		 		 	“LESSOR”
			
		 		 	UNIVERSAL CITY FLORIDA PARTNERS, a
	Signed, sealed and delivered	 		 	Florida general partnership
	in the presence of:	 		 	
	  
 Signature:
	 	 	 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY, a Delaware corporation, a general partner
	Print/Type Name: 	 	 	 		 		 	
					
	Signature:	 	 	 		 	By:	 	 
	Print/Type Name:	 	 	 		 	Name:	 	 
		 		 		 	Title:	 	 
			
	Signed, sealed and delivered	 		 	UNIVERSAL CITY FLORIDA HOLDING CO. I,
	in the presence of:	 		 	a Florida general partnership a general partner
		 		 	
	  
 Signature:
	 	 	 		 		 	By:	 	UNIVERSAL CITY PROPERTY MANAGEMENT COMPANY, a Delaware corporation, a general partner
	Print/Type Name: 	 	 	 		 		 		 
						
	Signature:	 	 	 		 		 	By:	 	 
	Print/Type Name: 	 	 	 		 		 	Name:	 	 
		 		 		 		 	Title:	 	 
				
		 		 		 	and
					
	 Signed, sealed and delivered
 in the presence of:
	 		 		 	By:	 	RANK ORLANDO, INC. a Delaware corporation, a general partner
						
	Signature:	 	/s/ Denise D. Brock	 		 		 	By:	 	/s/ Anthony Ainsworth
	Print/Type Name: 	 	Denise D. Brock	 		 		 	Name:	 	Anthony Ainsworth
	  
 Signature:
	 	  
 /s/ Debbie
Jones
	 		 		 	Title:	 	Vice President
	Print/Type Name: 	 	Debbie Jones	 		 		 		 	
				
	 Signed, sealed and delivered
 in the presence of:
	 		 	By:	 	RANK ORLANDO, INC. a Delaware corporation, a general partner
					
	Signature:	 	/s/ Denise D. Brock	 		 	By:	 	/s/ Anthony Ainsworth
	Print/Type Name: 	 	Denise D. Brock	 		 	Name:	 	Anthony Ainsworth
		 		 		 	Title:	 	Vice President
	Signature:	 	/s/ Debbie Jones	 		 		 	
	Print/Type Name: 	 	Debbie Jones	 		 		 	

					
	 State of Florida
	  	)	  	
		  	)	  	
	 County of Orange
	  	)	  	

 I HEREBY CERTIFY that on this day, before me, an officer duly
authorized in the State aforesaid and in the County aforesaid to take acknowledgments, appeared Anthony Ainsworth, as the Vice President of RANK ORLANDO, INC., a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA HOLDING CO.
I, a Florida general partnership, a general partner of UNIVERSAL CITY FLORIDA PARTNERS, a Florida general partnership, and that he/she acknowledged executing the same on behalf of said corporation and partnership, in the presence of two
subscribing witnesses freely and voluntarily under authority duly vested in him/her by said corporation. He/She is þ personally known to me or  ̈ produced
a                      as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this 22nd day of June, 1998. 
  

	
	/s/ Maryanne Brown
	Notary Public

  

					
	(NOTARIAL SEAL)	  	

			
	 State of Florida
	  	)	  	
		  	)	  
	 County of Orange
	  	)	  

 I HEREBY CERTIFY that on this day, before me, an officer duly
authorized in the State aforesaid and in the County aforesaid to take acknowledgments, appeared Anthony Ainsworth, as the Vice President of RANK ORLANDO, INC., a Delaware corporation, a general partner of UNIVERSAL CITY FLORIDA PARTNERS,
a Florida general partnership, and that he/she acknowledged executing the same on behalf of said corporation and partnership, in the presence of two subscribing witnesses freely and voluntarily under authority duly vested in him/her by said
corporation. He/She is þ personally known to me or  ̈ produced a
                     as identification. 
 WITNESS my hand and official seal in the County and State last aforesaid this 22nd day of June, 1998. 
  

	
	/s/ Maryanne Brown
	Notary Public

  

					
	(NOTARIAL SEAL)	  	

 EXHIBIT “A” 
 First Amendment to Ground Lease 
 Legal Description

 of 
 Lessor’s Property 
 All of Lots 6, 7, 8, and 12 according to the Replat of Universal City/Florida Plat 1 as recorded in
Plat Book 22, Pages 1 and 2, Public Records of Orange County, Florida; 
 TOGETHER WITH: 
 Lots 5A, 8A, 9A, 10A and 13A, as well as Tracts A and C of the Plat of Universal City Florida, according to the Plat thereof recorded in Plat Book 35, Pages
84 through 87 (inclusive) Public Records of Orange County, Florida. 
 TOGETHER WITH: 
 Lots 1, 3, 4 and 5, UNIVERSAL CITY WEST, according to the Plat thereof, as recorded in Plat Book 38, Pages 13 and 14, of the Public Records of Orange County,
Florida. 
 TOGETHER WITH: 
 That
certain portion of Lot 1A, UNIVERSAL CITY FLORIDA, according to the Plat thereof, as recorded in Plat Book 35, Pages 84 through 87, lying North of the South Line of REPLAT OF UNIVERSAL CITY / FLORIDA PLAT 1, according to the Plat thereof, as
recorded in Plat Book 22, Pages 1 and 2, all of the Public Records of Orange County, Florida. 

 EXHIBIT “B” 
 First Amendment to Ground Lease 
 “Premises” 
 That certain portion of Lot 1A, UNIVERSAL CITY FLORIDA, according to the Plat thereof, as recorded in
Plat Book 35, Pages 84 through 87, lying North of the South Line of REPLAT OF UNIVERSAL CITY / FLORIDA PLAT 1, according to the Plat thereof, as recorded in Plat Book 22, Pages 1 and 2, all of the Public Records of Orange County, Florida.Second Amendment to UCF Hotel Venture Ground Lease

 Exhibit 10.8 
 THIS INSTRUMENT PREPARED BY 
 AND SHOULD BE RETURNED TO: 
 Peter G. Latham, Esq. 
 GRONEK &
LATHAM, LLP 
 390 North Orange Avenue, Suite 600 
 Orlando, FL 32801 
 (407) 481-5800 
 SECOND AMENDMENT TO GROUND LEASE 
 THIS SECOND AMENDMENT TO
GROUND LEASE, dated as of February 20, 2001 (this “Second Amendment”), between UNIVERSAL CITY DEVELOPMENT PARTNERS, LP, a Delaware 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”). 
 RECITALS 
 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 together with the Ground Lease and the First Amendment, collectively, the “Lease”). 
 WHEREAS, Landlord and Tenant desire to amend the Lease to substitute tracts, and modify the legal descriptions for the Third Hotel Site and the Primary Phase II Sites (as defined in the Lease).

 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. Substitution of Leased
Property. 
 a. Landlord and Tenant hereby acknowledge and agree that the legal description for that certain real property described
under Item 3 and Exhibit “D”, which was attached to, and made a part of the Ground Lease, and under Item 3 on Exhibit “B”, which was attached to, and made a part of the Original Memorandum,
is hereby deleted and replaced with the legal description for that certain real property more

 
particularly described in Exhibit “1” attached hereto and incorporated herein by this reference (the “New Third Hotel Site”), and the New Third Hotel Site is hereby
substituted for the Third Hotel Site in the Lease. Any reference in the Lease to the Third Hotel Site shall hereafter be deemed to refer to the New Third Hotel Site. 
 b. Landlord and Tenant hereby acknowledge and agree that the legal description for that certain real property described under Item 5 on Exhibit “D”, which was attached to, and
made a part of the Ground Lease, and under Item 5 on Exhibit “B”, which was attached to, and made a part of the Original Memorandum is hereby deleted and replaced with the legal description for that certain real property
more particularly described in Exhibit “2” attached hereto and incorporated herein by this reference (the “New Primary Phase II Sites”), and the New Primary Phase II Sites are hereby substituted for the Primary Phase II
Sites in the Lease. Any reference in the Lease to the Primary Phase II Sites shall hereafter be deemed to refer to the New Primary Phase II Sites. 
 c. Landlord and Tenant hereby acknowledge and agree that the Resort Property Site Plan set forth on Exhibit “A”, which was attached to, and made a part of the Ground Lease, is hereby deleted and replaced with the Resort
Property Site Plan more particularly set forth on Exhibit “3” attached hereto and incorporated herein by this reference (the “New Resort Property Site Plan”). Any reference in the Lease to the Resort Property Site Plan
shall hereafter be deemed to refer to the New Resort Property Site Plan. 
 3. Terms. Any term not defined herein shall have the
definition ascribed to such term in the Lease. 
 4. Memorandum of Second Amendment to Lease. Landlord and Tenant agree that this
Second Amendment shall be recorded in the Public Records of Orange County, Florida, to give notice thereof. 
 5. Continued Effect.
Excerpt as herein modified, the Lease is 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 sate of facts exists which, if continued, would create a default
by the other party as of the date of this Second Amendment. In the event of any conflict between the Lease and this Second Amendment, this Second Amendment shall control. 
 6. Joinder and Consent of Leasehold Lender. In accordance with the terms and conditions of that certain Mortgage, Assignment of Leases and Rents and Security Agreement dated June 12,
1998 and recorded June 26, 1998, in Official Records Book 5512, Page 4073; as modified and amended by that certain Mortgage Modification Agreement dated as of August 28, 1998 and recorded in Official Records Book 5606, Page 3037, as
re-recorded in Official Records Book 5628, Page 1976, and as further re-recorded in Official Records Book 5725, Page 1902; and as supplemented by that certain Supplemental Mortgage Agreement recorded November 13, 2000, in Official Records Book
6129, Page 1453, all of the Public Records of Orange County, Florida, the Chase Manhattan Bank, as Administrative Agent, (the “Leasehold Mortgages”), hereby joins in the execution of this Second Amendment to consent and agree to the
modifications to the Lease set forth herein. 
 7. Joinder and Consent of Fee Lender. In accordance with the terms and conditions
of that certain Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of July 27, 2000 and recorded July 27, 2000 in Official Records Book 6054, Page 320, of the Public Records of Orange County, Florida,
Morgan Guaranty Trust Company of New York, as Collateral Agent, (the “Fee Mortgages”), hereby joins in the execution of this Second Amendment to consent and agree to the modifications to the Lease set forth herein. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, Landlord and Tenant have executed and delivered this Modification as of the date
first above written. 
  

											
	 	 	 	 	 	 	LANDLORD:
	Signed, sealed and delivered	 		 		 	
			
	in the presence of:	 		 	 UNIVERSAL CITY DEVELOPMENT PARTNERS,
 LP, a Delaware limited partnership

					
		 		 		 	By:	 	 Universal City Florida Holding Co. II, a
 Florida general partnership, a general partner

						
		 		 		 		 	By:	 	 Universal City Property
 Management Company II, a Florida
 general partnership, a general partner

					
	/s/ Peter G. Latham	 		 		 	By:	 	/s/ Peter C. Giacalone
						
	Printed Name:	 	PETER G. LATHAM	 		 		 	Name:	 	PETER C. GIACALONE
						
		 	/s/ Karen K. Ward	 		 		 	Its:	 	AUTHORIZED AGENT
						
	Printed Name:	 	Karen K. Ward	 		 		 		 	

 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 CITY PROPERTY MANAGEMENT COMPANY II, a general partner of UNIVERSAL CITY FLORIDA HOLDING CO. II, a
general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, LP, a Delaware 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 partnerships 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 16th day of
February, 2001. 
  

							
		  		  	/s/ Karen K. Ward
			
		  		  	Signature of Notary
				
		 	Karen K. Ward	  		  	
				
		 	Commission # CC 982515	  		  	Karen K. Ward
				
	[SEAL]	 	Expires Nov. 16, 2004	  		  	Name of Notary (Typed, Printed or Stamped)
				
		 	Bonded Thru	  		  	Commission Number (if not legible on seal):
				
		 	Atlantic Bonding Co., Inc.	  		  	My Commission Expires (if not legible on seal):

													
	 Signed, sealed and delivered
 in the presence of:
	 		 	LANDLORD:
		 		 	 UNIVERSAL CITY DEVELOPMENT PARTNERS,
 LP, a Delaware limited partnership

				
		 		 	By:	 	 Blackstone UTP Capital Partners, A L.P., a
 Delaware general partnership, a general
 partner

					
		 		 		 	By:	 	 Blackstone Media Management
 Associates III, L.L.C., a Delaware
 limited liability company, its general
 partner

						
	/s/ Cyndy Cesena	 		 		 		 	By:	 	/s/ David Blitzer
							
	Printed Name:	 	Cyndy Cesena	 		 		 		 	Name:	 	David Blitzer
							
		 	/s/ Ruth A. Diemer	 		 		 		 	Its:	 	Member
							
	Printed Name:	 	Ruth A. Diemer	 		 		 		 		 	

 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 David Blitzer as Member of BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III, L.L.C., a general partner of BLACKSTONE UTP CAPITAL PARTNERS, A L.P., a
general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, LP, a Delaware 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 company and partnerships 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 16 day of February, 2001. 
  

	
	
	/s/ Holly B. Cohen
	
	Signature of Notary
	
	Holly B. Cohen
	
	Name of Notary (Typed, Printed or Stamped)
	
	Commission Number (if not legible on seal):
	
	My Commission Expires (if not legible on seal):
	
	HOLLY B. COHEN
	
	NOTARY PUBLIC, State of New York
	
	No. 01CO6003607
	
	Qualified in Bronx County
	
	Commission Expires March 9, 2002

											
	 Signed, sealed and delivered in
 the presence of:
	 		 	LANDLORD:
			
		 		 	 UNIVERSAL CITY DEVELOPMENT PARTNERS,
 LP, a Delaware limited partnership

				
		 		 	By:	 	 Blackstone UTP Capital Partners,
 L.P., a Delaware general partnership, a general partner

					
		 		 		 	By:	 	 Blackstone Media Management 
 Associates III, L.L.C., a Delaware
 limited liability company, its general
partner

					
	/s/ Cyndy Cesena	 		 		 	By:	 	/s/ David Blitzer
						
	Printed Name:	 	Cyndy Cesena	 		 		 	Name:	 	David Blitzer
						
		 	/s/ Ruth A. Diemer	 		 		 	Its:	 	Member
						
	Printed Name:	 	Ruth A. Diemer	 		 		 		 	

 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 David Blitzer as Member of BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III, L.L.C., a general partner of BLACKSTONE UTP CAPITAL PARTNERS, L.P., a
general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, LP, a Delaware 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 company and partnerships 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 16 day of February, 2001. 
  

	
	/s/ Holly B. Cohen
	
	Signature of Notary
	
	Holly B. Cohen
	
	Name of Notary (Typed, Printed or Stamped)
	
	Commission Number (if not legible on seal):
	
	My Commission Expires (if not legible on seal):
	
	HOLLY B. COHEN
	
	NOTARY PUBLIC, State of New York
	
	No. 01CO6003607
	
	Qualified in Bronx County
	
	Commission Expires March 9, 2002

											
	 Signed, sealed and delivered in
 the presence of:
	 		 	LANDLORD:
		 		 	 UNIVERSAL CITY DEVELOPMENT PARTNERS,
 LP, a Delaware limited partnership

				
		 		 	By:	 	 Blackstone UTP Offshore Capital Partners,
 L.P., a Delaware general partnership, a general partner

					
		 		 		 	By:	 	 Blackstone Media Management
 Associates III, L.L.C., a Delaware
 limited liability company, its general partner

					
	/s/ Cyndy Cesena	 		 		 	By:	 	/s/ David Blitzer
						
	Printed Name:	 	Cyndy Cesena	 		 		 	Name:	 	David Blitzer
						
		 	/s/ Ruth A. Diemer	 		 		 	Its:	 	Member
						
	Printed Name:	 	Ruth A. Diemer	 		 		 		 	

 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 David Blitzer as Member of BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III, L.L.C., a general partner of BLACKSTONE UTP OFFSHORE CAPITAL PARTNERS,
L.P., a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, LP, a Delaware 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 company and partnerships 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 16 day of February, 2001. 
  

	
	/s/ Holly B. Cohen
	
	Signature of Notary
	
	Holly B. Cohen
	
	Name of Notary (Typed, Printed or Stamped)
	
	Commission Number (if not legible on seal):
	
	My Commission Expires (if not legible on seal):
	
	HOLLY B. COHEN
	
	NOTARY PUBLIC, State of New York
	
	No. 01CO6003607
	
	Qualified in Bronx County
	
	Commission Expires March 9, 2002

													
	 Signed, sealed and delivered in
 the presence of:
	 		 	LANDLORD:
		 		 	 UNIVERSAL CITY DEVELOPMENT PARTNERS,
 LP, a Delaware limited partnership

				
		 		 	By:	 	 Blackstone Family Media Partnership III,
 L.P., a Delaware general partnership, a general partner

					
		 		 		 	By:	 	 Blackstone Media Management
 Associates III, L.L.C., a Delaware
 limited liability company, its general
partner

						
	/s/ Cyndy Cesena	 		 		 		 	By:	 	/s/ David Blitzer
							
	Printed Name:	 	Cyndy Cesena	 		 		 		 	Name:	 	David Blitzer
							
		 	/s/ Ruth A. Diemer	 		 		 		 	Its:	 	Member
							
	Printed Name:	 	Ruth A. Diemer	 		 		 		 		 	

 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 David Blitzer as Member of BLACKSTONE MEDIA MANAGEMENT ASSOCIATES III, L.L.C., a general partner of BLACKSTONE FAMILY MEDIA PARTNERSHIP III,
L.P., a general partner of UNIVERSAL CITY DEVELOPMENT PARTNERS, LP, a Delaware 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 company and partnerships 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 16 day of February, 2001. 
  

	
	/s/ Holly B. Cohen
	
	Signature of Notary
	
	Holly B. Cohen
	
	Name of Notary (Typed, Printed or Stamped)
	
	Commission Number (if not legible on seal):
	
	My Commission Expires (if not legible on seal):
	
	HOLLY B. COHEN
	
	NOTARY PUBLIC, State of New York
	
	No. 01CO6003607
	
	Qualified in Bronx County
	
	Commission Expires March 9, 2002

									
	 Signed, sealed and delivered in
 the presence of:
	 		 	TENANT:
			
		 		 	UCF HOTEL VENTURE, a Florida general partnership
				
		 		 	By:	 	 Loews Orlando Hotel Partner, Inc.,
 a general partner

				
	/s/ Elaine C. Appollo	 		 	By:	 	/s/ Vincent Danleavy
					
	Printed Name:	 	ELAINE C. APPOLLO	 		 	Name:	 	Vincent Danleavy
					
		 	/s/ Sandra Grant Wooten	 		 	Its:	 	V.P.
					
	Printed Name:	 	SANDRA GRANT WOOTEN	 		 		 	

 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 Danleavy 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 15 day of February, 2001. 
  

	
	/s/ Gary W. Garson
	
	Signature of Notary
	
	Gary W. Garson
	
	NOTARY PUBLIC, State of New York
	
	Qualified in New York County
	
	Commission Expires Sept, 30, 2001
	
	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:
	 	TENANT:
		
		 	UCF HOTEL VENTURE, a Florida general partnership
			
		 	By:	 	 Universal Rank Hotel Partners, a general
 partner

				
		 		 	By:	 	 Rank Hotels Orlando, Inc., a general
 partner

				
	/s/ Glenda Gail Bradford	 		 	By:	 	/s/ Scott Little
					
	Printed Name:	 	GLENDA GAIL BRADFORD	 		 	Name:	 	SCOTT LITTLE
					
		 	/s/ Patricia A. Tsonis	 		 	Its:	 	PRESIDENT
					
	Printed Name:	 	PATRICIA A. TSONIS	 		 		 	

 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 SCOTT LITTLE as PRESIDENT 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 partnerships 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 22nd day of December, 2000. 
  

									
		  		  		  	/s/ Patricia A. Tsonis	  	
					
		  		  		  	Signature of Notary	  	
					
		  		  		  	PATRICIA A. TSONIS	  	
					
		  	PATRICIA A. TSONIS	  		  	Name of Notary (Typed, Printed or Stamped)	  	
					
	 [SEAL]
	  	My Comm Exp. 4/17/01	  		  	Commission Number (if not legible on seal):	  	CC622021
					
		  	No. CC 622021	  		  	My Commission Expires (if not legible on seal):	  	4/17/01
					
		  	X Personally known [    ] Other I.D.	  		  		  	

									
	 Signed, sealed and delivered in
 the presence of:
	 	TENANT:
		 	UCF HOTEL VENTURE, a Florida general partnership
			
		 	By:	 	Universal Rank Hotel Partners, general partner
				
		 		 	By:	 	 Universal Studios Hotels, Inc., a
 general partner

				
	/s/ Peter G. Latham	 		 	By:	 	/s/ Peter C. Giacalone
					
	Printed Name:	 	PETER G. LATHAM	 		 	Name:	 	PETER C. GIACALONE
					
		 	/s/ Karen K. Ward	 		 	Its:	 	AUTHORIZED AGENT
					
	Printed Name:	 	Karen K. Ward	 		 		 	

 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 company and partnerships 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 16th day of February, 2001. 
  

			
	/s/ Karen K. Ward
	
	Signature of Notary
	
	Karen K. Ward
	
	Name of Notary (Typed, Printed or Stamped)
	
	Commission Number (if not legible on seal):
	
	My Commission Expires (if not legible on seal):
		
		 	Karen K. Ward
		
		 	Commission # CC 982515
		
	[SEAL]	 	Expires Nov. 16, 2004
		
		 	Bonded Thru
		
		 	Atlantic Bonding Co., Inc.

									
	 Signed, sealed and delivered in
 the presence of:
	 		 	LEASEHOLD MORTGAGEE:
			
		 		 	 THE CHASE MANHATTAN BANK, a New York
 banking corporation, as Administrative Agent

				
	/s/ Ralph Totoonchie	 		 	By:	 	/s/ Marc E. Costantino
					
	Printed Name:	 	Ralph Totoonchie	 		 	Name:	 	MARC E. COSTANTINO
					
		 	/s/ Christina Gould	 		 	Its:	 	VICE PRESIDENT
					
	Printed Name:	 	CHRISTINA GOULD	 		 		 	

 STATE OF New York 
 COUNTY OF Kings 
 I HEREBY CERTIFY that on this day before me, an officer duly authorized
in the State and County aforesaid to take acknowledgments, personally appeared Marc E. Costantino as Vice President of THE CHASE MANHATTAN BANK, a New York banking corporation, and who x is
personally known to me or  ̈ produced                      as identification, and that he acknowledged
executing the same on behalf of said banking 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 16th day of February, 2001. 
  

	
	/s/ Marian Zai
	
	Signature of Notary
	
	MARIAN ZAI
	
	Notary Public, State of New York
	
	No. 31 4888037
	
	Qualified in Kings County
	
	Term Expires March 30, 2001
	
	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:
	 		 	FEE MORTGAGEE:
			
		 		 	MORGAN GUARANTY TRUST COMPANY OF NEW YORK, a New York banking corporation, as Collateral Agent
				
	/s/ Norma A. Toth	 		 	By:	 	/s/ Joseph F. Murray
					
	Printed Name:	 	Norma A. Toth	 		 	Name:	 	Joseph F. Murray
					
		 	/s/ Ruth Hass	 		 	Its:	 	Vice President
					
	Printed Name:	 	Ruth Hass	 		 		 	

 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 JOSEPH F. MURRAY as VICE PRESIDENT of MORGAN GUARANTY TRUST COMPANY OF NEW YORK, a New York banking corporation, and who x is personally known to me or  ̈ produced
                     as identification, and that he acknowledged executing the same on behalf of said banking 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 15th day of February, 2001. 
  

	
	/s/ Richard Karkada
	
	Signature of Notary
	
	RICHARD KARKADA
	
	Notary Public, State of New York
	
	No. 01KA8029845
	
	Qualified in Richmond County
	
	Term Expires August 30, 2001
	
	Name of Notary (Typed, Printed or Stamped)
	
	Commission Number (if not legible on seal):
	
	My Commission Expires (if not legible on seal):

 Exhibit “1” 

 New Third Hotel Site 

 HOTEL SITE C 
 That part of Lot 2A and that part of Tract D, UNIVERSAL CITY FLORIDA, according to the plat thereof, as recorded in Plat Book 35, Pages 84 through 87, of the Public Records of Orange County, Florida,
described as follows: 
 Begin at the Southernmost corner of said Tract D; thence run S 48°10’00” W along the South line of said
Lot 2A for a distance of 1270.11 feet; thence leaving said Southerly line of Lot 2A run N 29° 08’15” W for a distance of 565.30 feet; thence run N 77° 25’12” E for a distance of 142.24 feet; thence run N
12°34’48” W for a distance of 320.00 feet; thence run N 77° 25’12” E for a distance of 86.06 feet; thence run N 12°34’48” W for a distance of 652.39 feet; thence run N 04°32’39” W for a
distance of 182.33 feet; thence run N 11°57’24” W for a distance of 136.26 feet; thence run N 24°16’38” W for a distance of 75.11 feet to a point on the Northerly line of said Lot 2A, said point also being a point on a
non-tangent curve concave Northwesterly having a radius of 2080.00 feet and a chord bearing of N 49°28’25” E; thence run the following 3 courses and distances along said Northerly line: thence run Northeasterly along the arc of said
curve through a central angle of 22°08’02” for a distance of 803.52 feet to the point of reverse curvature of a curve concave Southeasterly having a radius of 1020.00 feet; thence run Northeasterly along the arc of said curve through a
central angle of 52°36’17” for a distance of 936 feet to the point of compound curvature of a curve concave Southwesterly having a radius of 40.00 feet; thence run Southeasterly along the arc of said curve through a central angle of
96°22’07” for a distance of 67.28 feet to a point on the East line of said Lot 2A, said point also being the point of reverse curvature of a curve concave Southwesterly having a radius of 2663.00 feet; thence run Southerly along the
arc of said curve and the East line of said Lot 2 through a central angle of 05°56’38” for a distance of 276.26 feet to the point of tangency, thence run S 01°26’10” W along said East line for a distance of 398.87 feet to
the Northernmost corner of said Tract D; thence run S 38°17’48” W along the Easterly line of said Lot 2A for a distance of 54.65 feet to a point on a non-tangent curve concave Northwesterly having a radius of 425.00 feet and a chord
bearing of S 23°22’10” W; thence run Southwesterly along the arc of said curve through a central angle of 44°20’24” for a distance of 328.90 feet to the point of tangency, thence run S 45°32’22” W for a
distance of 400.68 feet to the point of curvature of a curve concave Northeasterly having a radius of 315.00 feet; thence run Southeasterly along the arc of said curve through a central angle of 147°28’01” for a distance of 810.74 feet
to a non-tangent line; thence run S11°54’32” E for a distance of 65.22 feet to the POINT OF BEGINNING. 

 Exhibit “2” 

 New Primary Phase II Sites 

 HOTEL SITE E 
 Lot 1, ROYAL PACIFIC RESORT, according to the Plat thereof as recorded in Plat Book 43, Pages 142 through 144, Public Records of Orange County, Florida. 
 Also described as: 
 That part of Lot 3A, UNIVERSAL
CITY FLORIDA, as recorded in Plat Book 35, Pages 84 through 87, of the Public Records of Orange County, Florida, described as follows: 
 Begin
at the Northwest corner of said Lot 3A, said point being the point of curvature of a curve concave Southeasterly having a radius of 40.00 feet; thence run the following 5 courses along the North line of said Lot 3A; thence run Northeasterly along
the arc of said curve through a central angle of 89 degrees 42 minutes 19 seconds for a distance of 62.63 feet to the point of tangency; thence run North 89 degrees 20 minutes 30 seconds East for a distance of 455.74 feet; thence run South 86
degrees 42 minutes 13 seconds East for a distance of 174.00 feet to a point on a non-tangent curve concave Northerly having a radius of 2080.00 feet and a chord bearing of North 88 degrees 14 minutes of 17 seconds East; thence run Easterly along the
arc of said curve through a central angle of 02 degrees 12 minutes 25 seconds for a distance of 80.12 feet to the point of reverse curvature of a curve concave Southwesterly having a radius of 40.00 feet; thence run Southeasterly along the arc of
said curve through a central angle of 90 degrees 14 minutes 24 seconds for a distance of 63.00 feet to the point of tangency, point being on the Easterly line of said Lot 3A; thence run the following 10 courses along said Easterly line; thence run
South 02 degrees 37 minutes 31 seconds East for a distance of 752.34 feet to the point of curvature of a curve concave Northeasterly having a radius of 1093.13 feet; thence run Southeasterly along the arc of said curve through a central angle of 33
degrees 17 minutes 23 seconds for a distance of 645.13 feet to the point of tangency; thence run South 35 degrees 54 minutes 52 seconds East for a distance of 202.93 feet; thence run South 54 degrees 05 minutes 06 seconds West for a distance of 0.20
feet; thence run South 35 degrees 54 minutes 51 seconds East for a distance of 311.88 feet to the point of curvature of a curve concave Westerly having a radius of 344.10 feet and a chord bearing of South 06 degrees 07 minutes 34 seconds West;
thence run Southwesterly along the arc of said curve through a central angle of 84 degrees 04 minutes 52 seconds for a distance of 504.96 feet to a point of a non-tangency; thence run South 41 degrees 50 minutes 00 seconds East for a distance of
2.00 feet; thence run South 48 degrees 10 minutes 00 seconds West for a distance of 390.74 feet to the point of curvature of a curve concave Southeasterly having a radius of 3024.00 feet; thence run Southwesterly along the arc of said curve through
a central angle of 17 degrees 18 minutes 13 seconds for a distance of 913.26 feet to a point on a non-tangent curve concave Southeasterly having a radius of 2564.57 feet and a chord bearing of South 33 degrees 15 minutes 57 seconds West; thence run
Southwesterly along the arc of said curve through a central angle of 03 degrees 13 minutes 13 seconds for a distance of 144.14 feet to a point of non-tangency; thence run South 90 degrees 00 minutes 00 seconds West for a distance of 341.79 feet to a
point on the Westerly line of said Lot 3A; thence run the following 4 courses along said West line; thence run North 00 degrees 00 minutes 21 seconds West for a distance of 217.80 feet; thence run North 04 degrees 15 minutes 47 seconds East for a
distance of 210.61 feet; thence run North 00 degrees 05 minutes 39 seconds West for a distance of 1569.81 feet; thence run North 00 degrees 21 minutes 49 seconds West for a distance of 1305.02 feet to the POINT OF BEGINNING. 

 Exhibit “2” 

 New Primary Phase II Sites 

 Together with: 
 HOTEL SITE D 
 That part of Lot 2A, UNIVERSAL CITY FLORIDA, according to the plat thereof, as
recorded in Plat Book 35, Pages 84 through 87, of the Public Records of Orange County, Florida, lying West of the following described line: 
 Commence at the Southernmost corner of said Lot 2A; thence run N 48°10’00” E along the Southerly line of said Lot 2A for a distance of 142.59 feet to the POINT OF BEGINNING; thence leaving said Southerly line run N
29°08’15” W for a distance of 565.30 feet; thence run N 77°25’12” E for a distance of 142.24 feet; thence run N 12°34’48” W for a distance of 320.00 feet; thence run N 77°25’12” E for a
distance of 86.06 feet; thence run N 12°34’48” W for a distance of 652.39 feet; thence run N 04°32’39” W for a distance of 182.33 feet; thence run N 11°57’24” W for a distance of 136.26 feet; thence run N
24°16’38” W for a distance of 75.11 feet to the Northerly line of said Lot 2A and the POINT OF TERMINATION of this line.

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