Exhibit 2
THE SPORTS CLUB COMPANY, INC.
00000 XXXXX XXXXXX XXXX., XXXXX 000
XXX XXXXXXX, XX 00000
JUNE 10, 1997
C1670-000
VIA FACSIMILE; ORIGINAL BY COURIER
Millennium Entertainment Partners, L.P.
0000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxx X. Xxxxxxx
RE: THE SPORTS CLUB COMPANY, INC./INVESTMENT TERMS
Dear Xxxxx:
Reference is made to the Letter Agreement dated March 13, 1997 (the "Letter
Agreement"), pursuant to which Millennium Entertainment Partners, L.P. has
agreed to acquire an equity ownership interest in the Sports Club Company, Inc.
("SCC") for an aggregate purchase price (the "Purchase Price") of ten million
dollars ($10,000,000.00) as provided therein, and SCC will acquire, as part of
the Purchase Price, certain interests in Reebok Sports Club/NY, Ltd. (the
"Partnership"). Capitalized terms used but not defined herein shall have the
meaning set forth in the Letter Agreement. The parties have agreed,
notwithstanding the terms of Paragraph 14(k) of the Letter Agreement, to extend
the term of the Letter Agreement and to effect the Closing on or about June 12,
1997. In addition, the Schedules delivered by SCC to Millennium pursuant to the
Letter Agreement are amended as set forth in the Schedules attached hereto, and
Millennium consents to the changes reflected therein.
Except as modified, the Letter Agreement shall remain in full force and
effect.
Millennium Entertainment
Partners, L.P.
June 10, 1997
Page 2
If the foregoing is acceptable to you, please date and sign the enclosed
copy of this letter and return it to me.
Very truly yours,
THE SPORTS CLUB COMPANY, INC.
By: /S/ XXXX XXXXXXX
Xxxx Xxxxxxx, President
Agreement and accepted this __ day of June, 1997, at New York, New York.
MILLENNIUM ENTERTAINMENT PARTNERS, L.P.
By: MILLENNIUM ENTERTAINMENT CORP.
By: /S/ XXXXX X. XXXXXXX
Xxxxx X. Xxxxxxx,
Authorized Officer