SEC Contract Filing

Filing Date: 2018-02-01

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d523124dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SEVENTH AMENDMENT TO LEASE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(North Hollywood) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THIS
SEVENTH AMENDMENT TO LEASE</B> (this &#147;Amendment&#148;) is made and entered into as of the 29<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of January, 2018, by and between <B>Syufy Enterprises, L.P., a California limited
partnership</B> (&#147;Landlord&#148;) and <B>Century Theatres, Inc., a California corporation </B>(&#147;Tenant&#148;). Capitalized terms used in this Amendment without definition shall have the meanings ascribed to such terms in the Lease (as
hereinafter defined). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A.&nbsp;&nbsp;&nbsp;&nbsp;Landlord, as landlord, and Century Theatres of California, Inc. (&#147;Original Tenant&#148;), as tenant, entered
into that certain Lease, dated September&nbsp;30, 1995 (as amended, the &#147;Lease&#148;), pursuant to which Landlord leased to Original Tenant and Original Tenant leased from Landlord that certain Premises located at 12827 Victory Blvd., N.
Hollywood, CA 91606, which Premises are more particularly described in the Lease. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B.&nbsp;&nbsp;&nbsp;&nbsp;Tenant has succeeded to the
interests and assumed the obligations of Original Tenant as the tenant under the Lease. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C.&nbsp;&nbsp;&nbsp;&nbsp;Tenant intends to serve
alcoholic beverages on the Premises and has made application for the appropriate licenses and permissions, both state and local. Tenant has requested that Landlord execute certain documentation required by the local municipality, in which Landlord
acknowledges alcoholic beverages will be served on the Premises, and in conjunction therewith, Landlord has asked Tenant to provide additional liability insurance for the benefit of Landlord. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">D.&nbsp;&nbsp;&nbsp;&nbsp;Landlord and Tenant now desire to amend and modify the Lease in several respects upon the terms and conditions
contained herein. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE, </B>in consideration of the mutual covenants, conditions and agreements herein contained, Landlord and Tenant hereby agree
that the Lease shall be and is hereby amended as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Recitals Incorporation</U>. All of the provisions of the Recitals
set forth above are incorporated into this Agreements section of this Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Tenant&#146;s Permitted Use and Gross
Sales.</U> Landlord hereby acknowledges that Tenant&#146;s Permitted Use under the Lease includes Tenant&#146;s right to sell and serve alcoholic beverages in and upon the Premises. However, at all times during any period that Tenant sells or serves
alcoholic beverages in or upon the Premises, Tenant shall comply with all local, state and federal laws, codes, statutes and ordinances related to the sale or serving of alcoholic beverages, including, but not limited to, all laws, codes, statutes
and ordinances promulgated or enforced by the California Department of Alcoholic Beverage Control. Notwithstanding anything in the Lease to the contrary, Tenant acknowledges, understands and agrees that all of the proceeds from the sale of alcoholic
beverages in or upon the Premises shall be included in the definition of Gross Sales and for the purpose of calculating the amount of Percentage Rent due under the Lease. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Tenant&#146;s Insurance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The following is added to the end of Section&nbsp;6.02 A) of the Lease: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;At all times during any period that Tenant sells or serves alcoholic beverages in or upon the Premises, Tenant shall also procure and
maintain, as a component of Tenant&#146;s commercial general liability insurance policy, coverage for liquor liability (Dram Shop) insurance in a minimum amount of $1,000,000 per occurrence (or each common cause) and in a minimum amount of
$1,000,000 in the aggregate. Prior to the commence