SEC Contract Filing

Filing Date: 2020-06-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.4.7
<SEQUENCE>15
<FILENAME>rdi-20200602xex10_47.htm
<DESCRIPTION>EX-10.4.7
<TEXT>
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 Exhibit 10.4.7 - Guaranty Carveout - SHP
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 <a name="_GoBack"></a><font style="display: inline;font-weight:bold;text-decoration:underline;">CARVEOUT GUARANTY</font>
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 <font style="display: inline;">THIS CARVEOUT GUARANTY (this &#x201C;</font><font style="display: inline;font-weight:bold;">Guaranty</font><font style="display: inline;">&#x201D;) is dated </font><font style="display: inline;">March&nbsp;</font><font style="display: inline;">13, 2020, by </font><font style="display: inline;font-weight:bold;">SUTTON HILL PROPERTIES, LLC</font><font style="display: inline;">, a Nevada limited liability company qualified to do business in New York, having its principal place of business at 5995 Sepulveda Boulevard, Suite 300, Culver City, California 90230 (the &#x201C;</font><font style="display: inline;font-weight:bold;">Borrower</font><font style="display: inline;">&#x201D;) and </font><font style="display: inline;font-weight:bold;">READING INTERNATIONAL, INC</font><font style="display: inline;">.</font><font style="display: inline;">, a Nevada corporation, having its principal place of business at 5995 Sepulveda Boulevard, Suite 300, Culver City, California 90230 (&#x201C;</font><font style="display: inline;font-weight:bold;">Reading</font><font style="display: inline;">&#x201D; and, together with Borrower, collectively referred to as the &#x201C;</font><font style="display: inline;font-weight:bold;">Guarantor</font><font style="display: inline;">&#x201D;), for the benefit of VALLEY NATIONAL BANK, a national bank with an address at 1455 Valley Road, Wayne, New Jersey 07470 (the &#x201C;</font><font style="display: inline;font-weight:bold;">Lender</font><font style="display: inline;">&#x201D;).</font>
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 <font style="display: inline;">WHEREAS, Lender is about to make a first mortgage loan to Borrower in the principal amount of TWENTY-FIVE MILLION AND 00/100 DOLLARS ($25,000,000.00) (the &#x201C;</font><font style="display: inline;font-weight:bold;">Loan</font><font style="display: inline;">&#x201D;) to be evidenced by a Consolidated, Amended and Restated Mortgage Promissory Note of even date herewith (the &#x201C;</font><font style="display: inline;font-weight:bold;">Note</font><font style="display: inline;">&#x201D;), and secured by, among other things, (i)&nbsp;a Mortgage Consolidation, Extension and Modification Agreement of even date herewith (the &#x201C;</font><font style="display: inline;font-weight:bold;">Mortgage</font><font style="display: inline;">&#x201D;), encumbering certain land and improvements located at 1001-1007 Third Avenue, New York, New York (the &#x201C;</font><font style="display: inline;font-weight:bold;">Property</font><font style="display: inline;">&#x201D;), as more fully described in the Mortgage, and (ii)&nbsp;various other documents executed in connection with the Note and Mortgage (the Note, Mortgage, and such other agreements executed in connection therewith are hereinafter collectively referred to as, the &#x201C;</font><font style="display: inline;font-weight:bold;">Loan</font><font style="display: inline;">&nbsp;</font><font style="display: inline;font-weight:bold;">Documents</font><font style="display: inline;">&#x201D;); and</font>
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 <font style="display: inline;">WHEREAS, Reading is the owner of direct or indirect interests in Borrower, and Reading will directly or indirectly and substantially benefit from the Lender making the Loan to Borrower.</font>
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 <font style="display: inline;">NOW, THEREFORE, as an inducement to Lender to make the Loan to Borrower, and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the parties do hereby agree as follows:</font>
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 <font style="display: inline;font-weight:bold;">ARTICLE I</font>
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 <font style="display: inline;font-weight:bold;text-decoration:underline;">DEFINITIONS</font>
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 <font style="display: inline;">1.</font><font style="display: inline;">1&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-weight:bold;text-decoration:underline;">Definitions</font><font style="display: inline;">.&nbsp;&nbsp;As used herein, the following terms shall have t