EXHIBIT 10.30
AMENDMENT TO LEASE
This Amendment to Lease is entered into as of April 1, 1997 (the
"Amendment") by and between TMC REALTY HOLDINGS CO., a California corporation
(the "Landlord"), and OVERSEAS FILM GROUP, INC., a Delaware corporation (the
"Tenant"). This Amendment is made with reference to the following facts and
objectives:
A. Landlord, as assignee from Carolco Pictures, Inc. and Tenant are
parties to that certain Office Lease dated April 21, 1987, as amended by that
certain Amendment to Lease dated September 15, 1987, and that certain
Amendment to Lease dated as of July 16, 1992 and that certain Amendment to
Lease dated as of January 1, 1995 and that certain Fourth Amendment to Lease
dated as of October 7, 1995 (as amended, the "Lease") relating to certain
premises consisting of approximately 10,195 square feet (the "Premises")
located in the building commonly known as 0000 Xxxxxx Xxxxxxxxx, Xxxx
Xxxxxxxxx, Xxxxxxxxxx (the "Building").
B. Capitalized terms not otherwise defined herein shall have the
meaning ascribed to them in the Lease.
C. The term of the Lease commenced on October 1, 1987, and is
scheduled to expire on September 30, 1997.
D. The parties hereto desire to extend the term of the Lease and to
amend the Lease in certain respects as hereinafter set forth.
NOW, THEREFORE, for good and valuable consideration, receipt of which is
hereby acknowledged, the parties hereto agree as follows:
1. The term of the Lease is hereby extended for five years, so that
it shall now expire on September 30, 2002.
2. Effective as of October 1, 1997, the monthly rental payable by
Tenant under the Lease shall be increased from the current amount to the
amount of Twenty Thousand Three Hundred Ninety Dollars ($20,390), based on a
rate of $2.00 per rentable square foot of the Premises. Tenant shall be
entitled to continue to occupy that certain portion of the storage facility
known as P302, and consisting of approximately 42 rentable square feet, from
the date hereof until September 30, 2002, at the rate of $32.00 per month.
3. The "Comparison Year" for computing Tenant's share of direct costs
(as defined in Paragraph (b) of Article 2 of the Lease) shall be 1997.
Additionally, Tenant shall have no responsibility for any share of direct
costs incurred prior to October 1, 1999. "Tenant's Proportionate Share,"
pursuant to said Paragraph (b), shall be 14.38 percent.
4. The monthly rental established in Paragraph 2 of this Amendment
shall not be subject to CPI Adjustment during the period from the date hereof
through September 30, 2002.
5. Within a reasonable time after the date this Amendment is signed
by both parties, Landlord will paint the interior walls of the Premises, and
will install new carpeting in the Premises. Landlord will provide Tenant
with at least three (3) choices of color and types of paint and carpet to
select from, taking into consideration Tenant's current improvements and
preferences.
6. The Lease, as modified hereby, is hereby reaffirmed, and the
provisions thereof, as so modified, shall remain in full force and effect.
Without limiting the generality of the foregoing, it is understood that all
provisions of the Lease which could reasonably and logically be construed as
applying to this Amendment (including, without limitation, the authority and
counterpart execution provisions thereof) shall apply to this Amendment as
well as the Lease.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the day and year first above written.
LANDLORD: TENANT:
TMC REALTY HOLDINGS CO., OVERSEAS FILM GROUP, INC.,
a California corporation a Delaware corporation
By: /s/ Xxx X. Xxxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxx
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Title: Senior Vice President Title: COO/CFO
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