EXHIBIT 10.13
AMENDMENT OF LEASE AGREEMENT
This AMENDMENT OF LEASE AGREEMENT is made this 17TH day of December 1999 to
be effective as of December 1, 1999, by and between FAIRE PARTNERS, LLC, a
limited liability company organized and existing under the laws of the State of
Texas ("Landlord") and RENAISSANCE ENTERTAINMENT CORPORATION, a corporation
organized and existing under the laws of the State of Colorado ("Tenant").
PRELIMINARY STATEMENTS
A. Landlord and Tenant executed that certain Lease Agreement dated November
13, 1997 pursuant to the terms of which the Landlord did lease unto the Tenant
and the Tenant did hire from the Landlord the real property described on Exhibit
"A" attached hereto, together with all improvements (as defined in the Lease
Agreement) located thereon.
B. Landlord and Tenant have reached certain understandings and agreements
with respect to a modification of the Lease Agreement and desire to reduced such
understanding and agreement to writing.
ACCORDINGLY, in consideration of the mutual covenants and agreements herein
contained, and other good and valuable consideration, Landlord and Tenant agree
as follows:
1. RENT DEFERRAL. Notwithstanding anything contained in Section 2.1 of
the Lease Agreement to the contrary, during the period of time between
December 1, 1999 and May 31, 2000 the Monthly Base Rent payable by Tenant
to Landlord shall be reduced from $36,666.66 per month to $21,666.66 per
month and during the period of time between June 1, 2000 through November
30, 2000, the Monthly Base Rent payable by Tenant to Landlord shall be
increased to $51,666.66 per month. Subsequent to November 30, 2000, the
Monthly Basic Rent shall be payable in accordance with the terms and
provisions of Section 2.1 of the Lease Agreement.
2. GUARANTY OF PAYMENT/STOCK WARRANT. As an inducement to Landlord to
execute this Lease Amendment, simultaneously with the execution hereof,
Tenant has caused Xxxxxxx X. Xxxxxxx to execute and deliver to Landlord the
Guaranty Agreement attached hereto as Exhibit "B" guaranteeing the payment
of the rent deferred during the Deferral Period and shall cause to be
issued to Landlord within thirty (30) days after the date hereof a Warrant
to Purchase 100,000 shares of the common stock of Tenant at a price of $.30
per share (the "New Warrant"); the understanding and agreement being that:
(i) the New Warrant same shall be on the terms and conditions as contained
in that certain Warrant to Purchase Common Stock of Renaissance
Entertainment Corporation dated November 12, 1997 issued by Tenant to
Landlord (the "Existing Warrant")
other than the number of shares covered thereby and the price per share;
and (ii) the Existing Warrant will be surrendered by Landlord to Tenant
simultaneously with the issuance of the New Warrant.
3. NO FURTHER MODIFICATIONS. Except as herein modified, the terms and
provisions of the Lease Agreement are hereby ratified and confirmed in all
respects by the parties hereto.
FAIRE PARTNERS, LLC
By /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
Its Manager
By /s/ Xxxxxxx Xxxx
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Xxxxxxx Xxxx, Manager
By /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx, Attorney-in-Fact
For Xxxxxxx X. Xxxxxxx, Manager
LANDLORD
RENAISSANCE ENTERTAINMENT CORPORATION
By /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
Its CEO
TENANT
EXHIBIT A
LEGAL DESCRIPTION
PARCEL I:
Part of the Southeast Quarter and part of the Northeast Quarter of Section 36,
Town 1 North, Range 21 East of the Fourth Principal Meridian, lying and being in
the Town of Bristol, Kenosha County, Wisconsin, and being more particularly
described as: Beginning on the South line of the Southeast Quarter of said
Section at a point 600.7 feet South 89 degrees 24 minutes 50 seconds West from
the Southeast corner of said Quarter Section; thence South 89 degrees 24 minutes
50 seconds West along the South line of said Quarter Section 729.8 feet and to
the West line of the East half of said Quarter Section; thence North 1 degree 53
minutes 10 seconds West along the West line of the East Half of said Quarter
Section 2675.0 feet and to the North line of said Quarter Section; thence North
1 degree 46 minutes 40 seconds West along the West line of the Southeast Quarter
of the Northeast Quarter of said Section 1325.36 feet and to the North line of
said Quarter Quarter Section; thence North 89 degrees 02 minutes East along the
North line of said Quarter Quarter Section 1051.34 feet and to the Westerly
right-of-way line of Xxxxxxxxxx Xxxxxxx 00; thence South 2 degrees 03 minutes
East along said right-of-way line 131.93 feet; thence South 21 degrees 06
minutes West along said right-of-way line 788.49 feet; thence South 2 degrees 03
minutes East along said right-of-way line 700 feet; thence South 17 degrees 45
minutes 50 seconds East along said right-of-way line 1167.69 feet; thence South
10 degrees 58 minutes 40 seconds East along said right-of-way line 482.66 feet;
thence South 89 degrees 24 minutes 50 seconds West parallel to the South line of
the Southeast Quarter of said Section 395.04 feet; thence South 0 degree 35
minutes 10 seconds East at right angles to the South line of said Quarter
Section 851.72 feet to the point of beginning.
PARCEL II:
The East Half of the West Half of the Southeast Quarter and the Southwest
Quarter of the Northeast Quarter of Section Thirty-six (36), in Town One (1)
North, Range Twenty-one (21) East of the Fourth Principal Meridian; in the Town
of Bristol, County of Kenosha and State of Wisconsin.
