AMENDMENT TO OPTION AGREEMENT
EXHIBIT 10.11B
AMENDMENT TO OPTION AGREEMENT
This AMENDMENT TO OPTION AGREEMENT (the “Amendment”) is made as of July 6, 2010 by and between Xxxxxx Entertainment, Inc., a Delaware corporation (“Tenant”) and Xxxxxxx Xxxxx 0 Limited Partnership, an Ohio limited partnership (“Landlord”).
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1. |
Original Agreement: Tenant and Landlord previously executed that certain Option Agreement dated July 11, 2006 (the “Original Agreement”) for the lease of certain property on the west bank of the Cuyahoga River in Cleveland, Ohio forming part of the parking lot of the Nautica Entertainment Complex. |
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Purpose: The purpose of this Amendment is to (a) extend the Option Period (as defined in the Agreement) granted to Tenant an additional two years on the same terms and conditions as in the Original Agreement and (b) ratify, affirm and restate (except to the extent modified herein) the Original Agreement as set forth below. |
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3. |
Extension of Option: The Option Period shall be extended to July 11, 2012. |
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Remaining Terms: Except as set forth in Section 3 of this Amendment, all other terms and provisions of the Original Agreement are hereby ratified and affirmed and restated as if set out word for word herein. |
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TENANT |
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LANDLORD |
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Xxxxxx Entertainment, Inc. |
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Xxxxxxx Xxxxx 0 Limited Partnership |
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By: Xxxxxxx Xxxxx 0 LLC, its General Partner |
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By: |
/s/ Xxxxxxx Xxxxxxxx |
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By: |
/s/ Xxxxx X. Xxxxxxxxxx |
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Xxxxxxx Xxxxxxxx |
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Xxxxx X. Xxxxxxxxxx |
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Executive Vice President |
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Vice President of Development/Leasing |
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By: |
/s/ Xxxxxxx X. XxXxxxxx |
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Xxxxxxx X. XxXxxxxx |
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Executive Vice President |
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