1
EXHIBIT 10.85
FIRST AMENDMENT TO LEASE BETWEEN RCPI TRUST AND THE REGISTRANT
OCTOBER 30, 1998
2
FIRST AMENDMENT TO LEASE
This FIRST AMENDMENT TO LEASE, dated as of October 30, 1998 (this
"Amendment"), between RCPI TRUST, a Delaware Business trust having an office c/o
Tishman Speyer Properties, L.P., ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
("Landlord"), and The Sports Club Company, Inc., a Delaware corporation having
an office at ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ("Tenant").
W I T N E S S E T H:
WHEREAS, Landlord and Tenant entered into that certain Lease, dated
February 27, 1998 (the "Original Lease"), covering portions of the first,
second, third, and fourth floors of the building located at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇,
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇; and
WHEREAS, Landlord and Tenant desire to modify the Original Lease as
hereinafter set forth to provide for the substitution of a new floor plan for
the Third Floor Premises and otherwise as provided herein (the Original Lease,
as modified by this Amendment, the "Lease").
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Landlord and Tenant agree as
follows:
1. Capitalized Terms. All capitalized terms used herein and not
otherwise defined in this Amendment shall have the meanings ascribed to them in
the Original Lease.
2. Modification. (a) Effective as of the date hereof, the Original Lease
shall be amended by deleting the floor plan for the Third Floor Premises
attached to the Original Lease as Exhibit A-5 and substituting therefor the
floor plan attached to this Amendment as Exhibit A.
(b) Tenant hereby agrees that Landlord, at Landlord's option, may modify
the Second Floor C Premises to accommodate a means of egress for the adjacent
tenant along Column Line J between Column Line 5.8 and Column Line 3 (as such
columns are designated on First Floor and Second Floor Construction Plan, dated
October 12, 1998, prepared by ▇▇▇▇▇▇).
3. Delivery of Premises. Notwithstanding anything to the contrary
provided in the Lease. Landlord and Tenant hereby agree that Landlord shall have
delivered and Tenant shall have accepted possession of the First Floor Premises,
the Second Floor A Premises and the Third Floor Premises on November 1, 1998.
Accordingly, the Rent Commencement Date with respect to the First Floor
Premises, the Second Floor A Premises and the Third Floor Premises shall be
August 1, 1999 for all purposes of the Lease.
3
4. No Modification. Except as set forth herein, nothing contained in
this Amendment shall be deemed to amend or modify in any respect the terms,
provisions, or conditions of the Original Lease and such terms, provisions, and
conditions shall remain in full force and effect as modified hereby.
5. Construction. If there is any inconsistency between the terms of this
Amendment and the terms of the Original Lease, the terms of this Amendment shall
be controlling and prevail.
6. Entire Agreement. This Amendment contains the sole and entire
understanding and agreement of the parties with respect to its entire subject
matter and all prior negotiations, discussions, representations, agreements and
understandings heretofore had among the parties with respect thereto are merged
herein.
7. Counterparts. This Amendment may be executed in duplicate
counterparts, each of which shall be deemed an original and all of which, when
taken together, shall constitute one and the same instrument. Facsimile
execution of this Amendment shall be deemed to be an original for all purposes.
8. Representations and Warranties. Tenant hereby represents and warrants
to Landlord that, as of the date hereof, (i) the Original Lease is in full force
and effect and has not been modified except pursuant to this Amendment; (ii) to
the best of Tenant's knowledge, there are no defaults existing under the Lease'
(iii) to the best of Tenant's knowledge there exist no valid abatements, causes
of action, counterclaims, disputes, defenses, offsets, credits, deductions, or
claims against the enforcement of any of the terms and conditions of the Lease;
and (iv) this Amendment has been duly authorized, executed and delivered by
Tenant and constitutes the legal, valid and binding obligation of Tenant.
9. Miscellaneous. (a) This Amendment shall be governed by the laws of
the State of New York without giving effect to conflict of laws principles
thereof.
(b) This Amendment shall be binding upon and inure to the benefit of
Landlord and Tenant and their successors and permitted assigns.
(c) The captions, headings, and titles in this Amendment are solely for
convenience of reference and shall not affect its interpretation.
(d) This Amendment shall not be binding upon Landlord or Tenant unless
and until Landlord shall have delivered a fully executed counterpart of this
Amendment to Tenant.
4
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as
of the day and year first above written.
LANDLORD:
RCPI TRUST
By: Tishman Speyer Properties, L.P.,
its Agent
By: /s/ ▇▇▇▇▇ ▇▇▇▇
-------------------------------------
▇▇▇▇▇ ▇▇▇▇
TENANT:
THE SPORTS CLUB COMPANY, INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇
-------------------------------------
Name: ▇▇▇▇ ▇▇▇▇▇
Title: Vice President
5
EXHIBIT A
THIRD FLOOR PREMISES
The floor plan which follows is intended solely to identify the general location
of the Third Floor Premises, and should not be used for any other purpose. All
areas, dimensions and locations are approximate, and any physical conditions
indicated may not exist as shown.
