AMENDMENT NUMBER ONE TO LICENSE AGREEMENT
Exhibit 10.8
AMENDMENT
NUMBER ONE TO LICENSE AGREEMENT
This
Amendment Number One To License Agreement (“Amendment”) is made and
entered into as of January 1, 2001, by and between Universal City Development
Partners, LP, a Delaware limited partnership (“UCDP”), and Crystal Magic, Inc.,
a Florida corporation (“Licensee”).
WHEREAS,
UCDP and Licensee did enter into a license agreement dated August 17. 2000 (the
“Agreement”) whereby UCDP licensed Licensee to operate the Business described
therein in the Attractions described therein; and,
WHEREAS,
UCDP and Licensee desire to amend the Agreement as provided herein effective as
of the date hereof.
NOW,
THEREFORE, in consideration of the mutual terms, covenants and conditions
contained herein and other good and valuable consideration, the parties do
hereby covenant and agree that the Agreement shall be and the same is hereby
modified and amended as follows:
(1) Section
1 (p), “Operating Year” shall be modified and amended to provide that the first
Operating Year shall commence on January 1, 2001 and end on December 31, 2001.
Each subsequent Operating Year will begin on January 1st and
expire on December 31st.
(2) Section
2(a), “Initial Term” shall be modified and amended to provide that,
notwithstanding anything to the contrary contained in this Section 2(a), the
Initial Term shall commence on January 1, 2001.
(3) All
of the capitalized terms contained in this Amendment shall have the same meaning
as set forth in the Agreement unless specifically provided otherwise
herein.
(4) Except
as amended or as otherwise provided in this Amendment, the terms, conditions and
agreements contained in the Agreement shall continue in full force and effect
and shall bind the parties.
(3) The
provisions of this Amendment shall be binding upon and inure to the benefit of
the parties hereto, their heirs, successors and assigns as of the day and year
first above written
WITNESSES:
Crystal
Magic,
Inc. Universal
City Development Partners, LP
By: /s/
Xxxxxx X.
Xxxxxx By:
/s/ Xxxxx Xxxxxxx
Xxxxxx X.
Xxxxxx
Xxxxx Xxxxxxx
Its:
President
Its: Authorized Agent
Date: 1/6/00 Date:
1/25/01