SEC Contract Filing

Filing Date: 2022-08-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.55
<SEQUENCE>3
<FILENAME>msgeexhibit10550630202210k.htm
<DESCRIPTION>EX-10.55
<TEXT>
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<title>Document</title></head><body><div id="i6ee468d4218b4697bd4c809b7ece502b_33"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">EXHIBIT 10.55</font></div><div style="text-align:right"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">AMENDMENT NO.1 TO </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">AIRCRAFT DRY LEASE AGREEMENT</font></div><div style="margin-top:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">This AMENDMENT NO. 1 TO THE AIRCRAFT DRY LEASE AGREEMENT (this &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">Amendment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">&#8221;) is entered into effective as of August 18, 2022, by and between MSG ENTERTAINMENT GROUP, LLC (f&#47;k&#47;a MSG SPORTS &#38; ENTERTAINMENT, LLC), a Delaware limited liability company with an address at 2 Pennsylvania Plaza, New York, New York 10121 (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">Lessee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">&#8221;) and BRIGHID AIR, LLC, a New York limited liability company with an address at 340 Crossways Park Drive, Woodbury, New York 11797 (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">Lessor</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">&#8221;). Capitalized terms used but not defined elsewhere in this Amendment have the meanings assigned to them in the Aircraft Dry Lease Agreement, effective as of May 6, 2019, by and between Lessor and Lessee (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">Aircraft Dry Lease Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">&#8221;). </font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">RECITALS</font></div><div style="margin-top:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">WHEREAS, pursuant to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">Section 20</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%"> of the Aircraft Dry Lease Agreement, Lessor and Lessee desire to amend the Aircraft Dry Lease Agreement.</font></div><div style="margin-top:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows&#58;</font></div><div style="margin-top:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">ARTICLE I</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">AMENDMENTS TO AIRCRAFT DRY LEASE AGREEMENT</font></div><div style="margin-top:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">Section 1.1.&#160;&#160;&#160;&#160;The first sentence of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%;text-decoration:underline">Section 3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%"> of the Aircraft Dry Lease Agreement is hereby amended and replaced in its entirety by the following&#58;</font></div><div style="margin-top:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">Lessor shall pay the entire cost of insuring and maintaining the Aircraft during the Term.</font></div><div style="margin-top:12pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.8pt;font-weight:400;line-height:120%">Section 1.2.&#160;&#160;&#160;&#1