Exhibit 10.25e
FIRST AMENDMENT TO REGAL SUBLICENSE AGREEMENT
This Amendment is made and entered into as of the 26th day of February,
1997, to be effective as of January 1, 1997, by and between Richfield Holdings,
Inc., a Colorado corporation ("Licensor") and XxXxxxxxx Ranch Operating
Partnership, L.P., a Delaware limited partnership ("Licensee").
RECITALS
A. Licensor entered into a Sublicense Agreement with Licensee dated
effective as of January 1, 1996 (the "Agreement"), pursuant to which Licensor
agreed to license the use of the Regal trademarks to that certain hotel property
owned by Licensee and now known as the REGAL XXXXXXXXX RANCH located at 0000
Xxxxx Xxxxxxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxx 00000 (the "Hotel");
B. Licensor and Licensee have agreed to modify the Agreement as set forth
herein.
THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows.
1. The second sentence of Paragraph 3 is hereby deleted in its entirety
and replaced with the following:
In the calendar year 1997 and thereafter, the License Fee shall be 2.5% of
Total Sales Revenues from the Hotel.
2. This First Amendment shall be read and interpreted to be consistent
with the Agreement to the fullest extent possible. Therefore, except as
specifically amended hereby, all terms and conditions of the Agreement shall
remain in full force and effect and the Agreement as amended by this First
Amendment shall be read as a single integrated document incorporating the
amendments effected hereby.
3. This First Amendment shall be governed and interpreted under Colorado
Law.
RICHFIELD HOLDINGS, INC.,
a Colorado corporation
By: /s/ Xxxxxxx Xxxx
---------------------------
Name: Xxxxxxx Xxxx
Title: Sr. Vice President
By: /s/ Xxxx X. Xxxx
---------------------------
Name: Xxxx X. Xxxx
Title: Vice President
XXXXXXXXX RANCH OPERATING PARTNERSHIP, L.P.,
a Delaware limited partnership
By: AIRCOA HOSPITALITY SERVICES, INC.,
a Delaware corporation,
managing general partner
By: /s/ Xxxxxxx Xxxx
---------------------------
Name: Xxxxxxx Xxxx
Title: Sr. Vice President
By: /s/ Xxxx X. Xxxx
---------------------------
Name: Xxxx X. Xxxx
Title: Vice President
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