EXHIBIT 10(xx)
ADDENDUM NO. 3 TO
MASTER LEASE AGREEMENT NO. 000-00000-000
DATED AS OF MARCH 31, 1997
BETWEEN
THIRD COAST VENTURE LEASE PARTNERS I, L.P., AS LESSOR
AND
SANDBOX ENTERTAINMENT CORPORATION, AS LESSEE
This Addendum is attached to and forms part of that certain Master Lease
Agreement no. 000-00000-000 dated as of March 31, 1997, between THIRD COAST
VENTURE LEASE PARTNERS I, L.P. ("Lessor") and SANDBOX ENTERTAINMENT CORPORATION
("Lessee"), ("Lease") agreeing as follows:
WHEREAS, Lessee has experienced difficulties in meeting its financial
commitment to Lessor under the Lease and has requested certain concessions and
accommodations from Lessor.
NOW, THEREFORE, in consideration of the foregoing and the mutual
promises contained herein, Lessor and Lessee agree as follows:
1. Terms defined in the Lease shall have the same meanings herein
unless otherwise expressly set forth herein or otherwise required by context
hereof.
2. To the extent any terms or conditions in this Addendum No. 3 may be
inconsistent or conflict with any terms or conditions contained in the Lease,
the terms and conditions contained herein shall govern and control.
3. Schedule 01, 02 and 03 to the Lease shall be amended as follows:
A. No payment shall be due January 1, 1998.
B. The Initial Lease Term for each of Schedules 01, 02 and 03
shall be extended three (3) months upon the same terms and conditions
and at the same base monthly rental payment as set forth in each such
Schedule, as follows:
Amended Initial Lease Base Monthly
--------------------- ------------
Schedule No. Term Expiration Date Rental Payment
------------ -------------------- --------------
01 September 30, 2000 $3,670.93
02 December 31, 2000 $12,529.97
03 December 31, 2000 $5,301.67
4. Lessor and Lessee hereby restate all other terms and conditions
contained in the Lease which shall continue in full force and effect.
IN WITNESS WHEREOF, this Addendum No. 3 has been executed by a duly authorized
officer of Lessee as of the 20th day of January, 1998.
SANDBOX ENTERTAINMENT CORPORATION, Lessee
0000 Xxxx Xxxxxxxxx Xxxx
Xxxxx 000
Xxxxxxx, XX 00000
By: /s/ Xxxx Xxxxxxxx
-----------------
Name: Xxxx Xxxxxxxx
Title: CFO
THIRD COAST VENTURE LEASE PARTNERS I, L.P.
000 Xxxxx Xxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, XX 00000
By: Its General Partner, Third Coast GP-I, L.L.C.
By: /s/ Miroslav Avic
-----------------
Name: Miroslav Avic
Title: Manager
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