EXHIBIT 10.24.A
FIRST AMENDMENT TO LEASE
This FIRST AMENDMENT TO LEASE is made and entered into as of this 20/th/
day of August, 1996 by and between P & R INVESTMENT COMPANY, a California
General Partnership, (hereinafter referred to as "LESSOR"), and IMAGE
ENTERTAINMENT, INC., a California Corporation, (hereinafter referred to as
"LESSEE").
WITNESSETH
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A. WHEREAS, LESSOR and LESSEE did heretofore on December 1, 1993, enter into a
LEASE ("LEASE"), in which LESSOR rented to LESSEE an industrial building
commonly known as 0000 Xxx Xxxxxx, Xxxxxxxxxx, XX 00000 whose legal description
is:
Xxxx 0 xxx 0, Xxxxx 00000, recorded in Book 843, pages 62-65 in the office
of the Los Angeles County Recorder.
for a term of six (6) years commencing on April 1, 1994 and ending on March 31,
2000; and,
B. WHEREAS, the parties wish to mutually modify the Lease.
NOW, THEREFORE, it is agreed to by and between the parties as follows:
1. The definition of Premises in the LEASE shall be modified to exclude any
reference to Xxx 0, Xxxxx 00000. It is the intent of the LESSOR to utilize Lot
7 for a new building.
2. Paragraph 4.(b.) of the Addendum to LEASE dated December 1, 1993 is hereby
deleted. Parking for the Premises shall be limited to those parking spaces
located on Xxxx 0 xxx 0, Xxxxx 00000 only as shown on Exhibit A attached hereto
and made a part hereof by this reference.
3. In consideration of Lessee's agreeing to this First Amendment to Lease,
Lessor shall at its sole cost and expense, remove the chain link enclosures and
concrete curbs at the South-West corner of the building and otherwise at
Lessee's request. Lessor shall also restrip the parking area of Premises per
Exhibit A.
4. Except as herein modified and amended, all of the terms and conditions of
said LEASE dated December 1, 1993 shall be and remain in full force and effect.
4. Since LESSEE is a Corporation, each individual executing this FIRST
AMENDMENT TO LEASE on behalf of said Corporation represents and warrants that
he/she is duly authorized to execute and deliver this FIRST AMENDMENT TO LEASE
on behalf of said Corporation.
5. This FIRST AMENDMENT TO LEASE shall bind the parties hereto, their personal
representatives, successors and assigns. This FIRST AMENDMENT TO LEASE shall be
governed by the laws of the State of California.
IN WITNESS WHEREOF, the parties have executed this FIRST AMENDMENT TO LEASE on
the day and year first written above.
at: Los Angeles, California
LESSOR: LESSEE:
P & R INVESTMENT CO., by: IMAGE ENTERTAINMENT, INC., by:
/s/ XXXXXXX X. PARIS /s/ XXXXXX XXX
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Xxxxxxx X. Paris, Xxxxxx Xxx,
General Partner its Chief Administrative Officer and
General Counsel
/s/ XXX XXXXXXX /s/ XXXXX XXXXXXXX
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Xxx Xxxxxxx, Xxxxx Xxxxxxxx,
General Partner its Sr. Vice President of Sales,
Marketing and Operations
