Exhibit 10.27
June 10, 1998
Mr. Xxxxx Vallerdita
Valencia Studios West
00000 Xxxxxx Xxxx
Xxxxxxxx, Xxxxxxxxxx 00000
Re: Valencia Studios West / Stages 3, 4 & 5
Dear Xxxxx:
Reference is hereby made to the fully executed lease agreement ("Agreement")
dated January 5, 1994, by and between Valencia Studios West (successor-in-
interest to Magic Movie Studios of Valencia) and Saban Entertainment, Inc.
The parties hereby agree to amend the Agreement by adding the following
paragraph as section 2.3:
2.3 Extended Term. SABAN and MMSV agree to extend the term
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of the lease for an additional period of one year commencing
on January 20, 1999, and continuing through and including
January 19, 2000, at the monthly rental rate of $44,669.85.
SABAN shall have the option to extend the term of the lease
for an additional period of one year commencing on January
20, 2000, and continuing through and including January 19,
2001, at the monthly rental rate of $46,903.34.
Except as expressly set forth herein, the Agreement is hereby ratified and
confirmed.
AGREED TO AND ACCEPTED: AGREED TO AND ACCEPTED:
VALENCIA STUDIOS WEST SABAN ENTERTAINMENT, INC.
By: /s/ Xxxxx Vallerdita 6/10/98 By: /s/ Xxx Xxxxx 6/23/98
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XXXXX VALLERDITA XXX XXXXX
Its: Date Its: President Date
