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HomeMy WebLinkAbout00270C - RIFF MARKOWITZ PLAZA THEATER PARTNERSHIP FOR PERFORMING ARTS PS FOLLIES LEASE Partnership for Performing Art Riff Markowitz AGREEMENT #270C AMEND #2 R1161, 12-19-01 SECOND AMENDMENT TO THEATER LEASE AGRL-__._____ _ THIS SECOND AMENDMENT TO THEATER LEASE AGREEMENT (the "Second Amendment") is made and entered into as of December i4,001, by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS ("Landlord") and THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P., a California Limited Partnership ("Tenant"). RECITALS: A. Landlord and Tenant entered into that certain Theater Lease Agreement dated as of August 19, 1991 as supplemented by that certain side letter between Landlord and Tenant dated August 19, 1994 (the "Side Letter") pursuant to which Landlord subleased to Tenant certain real property, together with improvement thereon and appurtenances thereto, located in the City of Palm Springs, California, as more particularly described in the Sublease (the "Sublease"). A First Amendment to Theater Lease Agreement dated October 1, 1994 was approved by resolution on November 2, 1994. B. The Demised Premises, together with other properties, were leased by Landlord, as lessee, pursuant to that certain Lease and Purchase Agreement dated November 14, 1988, as amended by that certain Addendum to Lease/Purchase of Property Agreement dated March 13, 1989, by and among EARL C. STREBE and FRANCES B. STREBE, as to an undivided one- half interest, and GESKA R. LINANE, SUSAN S. PORTER and DOROTHY ANN ZABEL STREBE, as to an undivided one-half interest (collectively, "Master Lessors") and Landlord, as lessee, a memorandum of which was recorded April 17, 1989 in the Official Records of Riverside County, California as Instrument No. 1230381, and re-recorded May 4, 1989 as Instrument No. 142779, as further amended by Amendment to Lease dated October 15, 1991, between the successors-in-interest to the Master Lessors, an amended memorandum of which was recorded on February 14, 1992 as Instrument No. 051824 of the Official Records of Riverside County, California(as amended the "Master Ground Lease"). C. On September 28, 1998,the Community Redevelopment Agency of the City of Palm Springs, by Resolution No. 1047, approved the acquisition of the Plaza Theatre property, pursuant to that certain Lease and Purchase Agreement dated November 14, 1988. D. On September 28, 1998, concurrently with the acquisition of the Theatre property, which included certain commercial frontage encompassing the Theatre courtyard, the building north of the courtyard(Louise's Pantry) at 124 South Palm Canyon Drive, and the building south of the courtyard (Karen's Corner) at 132 South Palm Canyon Drive, the Community Redevelopment Agency of the City of Palm Springs authorized the sale of the subject commercial frontage to John Wessman, as required pursuant to a lease/purchase agreement between John Wessman and the Community Redevelopment Agency of the City of Palm Springs, approved by Resolution 596 on February 1, 1989. E. The acquisition of the commercial property in front of the Plaza Theatre (the courtyard, etc.), resulted in Theatre signs being located on John Wessman's property. IRV 417274 v I F. Landlord has agreed to acquire a leasehold interest in certain signage locations as specified in that certain Lease Agreement between John Wessman as Trustee ofthe Wessman Family Trust and Landlord, of even date with this Second Amendment("Signage Lease"). G. Landlord and Tenant agree that Tenant shall sublease from Landlord all rights and responsibilities set forth in the Signage Lease. NOW, THEREFORE, Landlord and Tenant agree as follows: 1. DEFINED TERMS. Capitalized terms not otherwise defined, or redefined, in this Amendment shall have the meaning ascribed to such terms as set forth in the Sublease. 2. INCORPORATION OF SIGNAGE LEASE. This Signage Lease shall be attached hereto as Exhibit "A" and incorporated herein by this reference. Tenant shall assume complete responsibility for all terms and conditions required of Lessee on the Signage Lease. 3. AMENDMENTS TO LEASE. There shall be added to the description of the Premises in the Lease the following: "The Signage placement and locations as described in that certain Lease Agreement known as the "Signage Lease" by and between John Wessman as Trustee of the Wessman Family Trust and the Community Redevelopment Agency of the City of Palm Springs, dated December 19, 2001, shall be included in the Premises." 4. NO OTHER MODIFICATIONS. Except as expressly provided in this Second Amendment,the First Amendment,and the Lease as supplemented by the Side Letter, shall remain in full force without modification. 5. REPRESENTATION OF CURRENT PERFORMANCE. Landlord and Tenant agree and affirm that all terms and conditions under the Lease are being performed satisfactorily and that neither party is aware of any existing defaults as of the time of the execution of this Second Amendment. 6. EXECUTION IN COUNTERPART. This Second Amendment may be executed in one or more counterparts, and all so executed shall constitute one agreement binding on all parties hereto,notwithstanding that all parties are not signatories to the original or the same counterpart. (See Signatures next page) -2- r i IN WITNESS WHEREOF, Landlord and Tenant have entered into this Second Amendment to Theater Lease Agreement as of the date first above written. "Landlord" COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS Executive Director A�TT�'S-T. B3' Agency Secretary REVIEWED AND APPROVED AS TO FORM: By: Agency Legal Counsel THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P., a California Limited Partnership By: THE RIFAEL CORP., a California Corporation Its: General Part r APPROVED By THE COMMUNITY RFJ)EVI. By: vvv f AGEMY By ate. r�,O. a e�t I -o q s�1 Its: IRV#17274 vl _3_ 0 Exhibit"A" LEASE AGREEMENT (COURTYARD SIGNAGE) This LEASE AGREEMENT ("Lease") is made and entered into this day of 2001 ("Effective Date"), by and between JOHN WESSMAN, TRUSTEE OF THE WESSMAN FAMILY TRUST, DATED NOVEMBER 16, 1998, a California corporation ("Lessor"), and the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, a public body, corporate and politic ("Lessee"). RECITALS A. Lessor is the owner of that certain real property commonly known as the Courtyard located at Palm Springs, California, including all improvements thereon existing as of the Lease Commencement Date. The Lessee wishes to lease three areas for signage in the Courtyard, which three parcels (Parcels 1, 2, and 3) are legally described in Exhibit"A" attached hereto(the"Site"-which includes all three parcels) and are illustrated in Exhibit"B." B. The Lessor wishes to make the Site available to Lessee and Lessee wishes to use such Site under the terms of this Lease to provide adequate signage to support the Plaza Theatre operations. AGREEMENT 1.0 LEASE. Lessor hereby leases and demises to Lessee and Lessee hereby hires from Lessor, for the term and upon the conditions set forth herein, the Site, as legally described in Exhibit "A." Further, Lessor hereby grants to Lessee an irrevocable non-exclusive license during the term of this Lease for ingress and egress, to and from the Site locations seven (7) days a week, twenty- four(24)hours a day. 2.0 LEASE TERM. 2.1 Lease Commencement Date. The Lease Commencement Date shall mean the date this Lease is executed by Lessee. 2.2 Lease Term. The Lease Term shall mean the period commencing upon the Lease Commencement Date and continuing for the period that Lessee provides or intends to provide for the operation of the theater. It is agreed that in the event operation of the theater is temporarily interrupted or discontinued,this lease shall continue so long as Lessee in good faith is attempting to cause the recommencement of theater operations, provided that Lessee shall give Lessor notice as soon as possible of Lessee's decision to permanently cease theater operations. Notwithstanding the foregoing, with respect to Parcel 3 only, the lease term for Parcel 3 shall terminate at the conclusion of the lease term and all extensions thereto for the Plaza Theatre between Lessee and Partnership for the Performing Arts, LP, or upon termination of the lease IRV#15886 vl _]- Exhibit"A" between Lessor and Partnership for the Performing Arts, LP for space within Plaza de las Flores, whichever occurs sooner, unless this lease is extended by the parties hereto with respect to Parcel 3. 2.3 Delivery of Possession. Lessor shall tender delivery of possession of the Site to Lessee within five (5)business days following the Lease Commencement Date. 3.0 RENT. Lessee shall pay to Lessor for the lease of the Site the sum of one dollar ($1.00) per year ("Annual Rent"), which sum shall be paid in advance on the Lease Commencement Date and each anniversary thereafter. 4.0 USE OF SITE. 4.1 Use of the Site. Lessee shall use the Site solely for the purpose of constructing, erecting and maintaining three signs as described in Exhibit `B" attached hereto and incorporated herein by this reference. 4.2 Compliance with Law. Lessee agrees that all operations and activities by or under Lessee on the Site shall be conducted in compliance with all applicable statutes, ordinances, orders, laws, rules and regulations, and the requirements of all federal, state and municipal governments and appropriate departments, commissions, boards and offices thereof, which may be applicable to the Site or to the use or manner of use of the Site. 5.0 ALTERATIONS.MAINTENANCE AND REPAIRS. 5.1 By Lessee. The Lessee agrees, at its expense, to maintain all of the signs in good condition and repair, with the exception that if a sign is damaged by action of Lessor's agent, employee or invitee then Lessor shall contribute to the cost of repair. 5.2 Alterations. In the event that either prior to or during the Lease Term any alteration, addition, or change or otherwise to the Site, or any portion thereof, is required by law or regulation or rule, the same shall be made by Lessee, at Lessee's sole cost and expense. Subject to obtaining all requisite governmental permits and authorizations, Lessee shall have the right to make non-structural alterations to the signs constructed by Lessee upon the Site. 6.0 INSURANCE AND INDEMNITY. 6.1 Insurance Provided by Lessor. Lessor shall maintain fire and extended coverage insurance throughout the term of this Lease. Lessee understands that Lessor's coverages hereunder do not include Lessee's furniture, fixtures or merchandise. Lessee hereby waives any right of recovery from Lessor, its officers and employees, and Lessor hereby waives any right of loss or damage (including consequential loss) resulting from any of the perils insured against as a result of said insurance. 6.2 Indemnification of Parties. The parties agree to indemnify each other, their officers, agents and employees against, and will hold and save them and each of them harmless from, any and all actions, suits, claims, damages to persons or property, losses, costs, penalties, IRV#15886 vI -2- 0 obligations, errors, omissions or liabilities, (herein "claims or liabilities") that may be asserted or claimed by any person, firm or entity arising out of or in connection with the negligent performance of the work, operations or activities of each other, their agents, employees, subcontractors, or invitees, provided for herein, or arising from the use of the Site and the courtyard area by either party or their employees and customers, or arising from the failure of Lessee to keep the Site in good condition and repair, as herein provided, or arising from the negligent acts or omissions of either parry hereunder, or arising from either parry's negligent performance of or failure to perform any term, provision covenant or condition of this Lease, whether or not there is concurrent passive or active negligence on the part of the other parry, its officers, agents or employees but excluding such claims or liabilities arising from the sole negligence or willful misconduct of the other party, its officers, agents or employees, who are directly responsible to the other party, and in connection therewith: 7.0 TAXES. 7.1 Personal Property Taxes. Lessee agrees to pay, prior to delinquency, all taxes levied upon personal property, if any, including trade fixtures, and inventory, not owned by Lessor and kept on or about the Site by or under Lessee. 7.2 Real Property Taxes. Lessor agrees to pay all real property taxes (including any possessory interest taxes and special and ad valorem taxes) and assessments levied or assessed upon the Site. 8.0 CASUALTY DAMAGE. In the event the whole or any part of the sign improvements at the Site shall be damaged or destroyed by any casualty other than those for which the Lessor shall insure pursuant to Section 6.1, at any time during the Lease Term, Lessee shall have the right at its discretion to repair, restore and rebuild such improvements on the same plan and design as existed immediately prior to such damage or destruction and to the same condition that existed immediately prior to such damage. Lessee may cancel this Lease by giving written notice of its election to do so to Lessor within sixty (60) days after Lessee receives notice or acquires knowledge of such damage or destruction meeting described above. 9.0 ASSIGNMENT AND SUBLETTING. Lessor is in agreement that Lessee may sublease the Site to the Partnership for the Performing Art,LP and/or subsequent theater operators. 10.0 DEFAULT; TERMINATION. Either party may terminate this Lease upon a default by the other party. A party shall be in default under this Lease if that party fails to perform obligations required of it within a reasonable time, but in no event later than thirty (30) days after written notice from the other party, specifying wherein the nonperforming party has failed to perform such obligations; provided, however, that if the nature of the nonperforming party's obligation is such that more than thirty (30) days are required for performance then the nonperforming party shall not be in IRV 815886 vl -3- default if it commences performance within such thirty (30) day period and thereafter diligently prosecutes the same to completion. 11.0 QUIET ENJOYMENT. Lessor hereby warrants, represents and covenants that, Lessee may peaceably and quietly have, hold, occupy and enjoy the Site and all of the appurtenances thereto without hindrance or molestation from Lessor or those lawfully claiming an interest in or to the Site through or under Lessor. 12.0 MISCELLANEOUS. 12.1 Condemnation. In the event a condemnation or a transfer in lieu thereof results in a taking of any portion of the Site, Lessor may, or in the event a condemnation or a transfer in lieu thereof results in a taking of twenty-five percent (25%) or more of the Site, Lessee may, upon written notice given within thirty (30) days after such taking or transfer in lieu thereof, terminate this Lease. 12.2 Surrender at End of Term. Any improvements built, constructed, or placed upon the Site by or under Lessee, other than Lessee's trade fixtures, equipment and personal property, shall remain on the Site and become the absolute property of Lessor without any cost to Lessor upon the termination of this Lease, whether by lapse of time or by forfeiture by reason of default provided that Lessee shall have the right to remove its trade fixtures, removable tenant improvements, equipment and personal property on or before expiration or earlier termination of this Lease,provided that Lessee repairs any damage occasioned by such removal. 12.3 Force Majeure. If either party is delayed, prevented or hindered from the performance of any covenant or condition of this Lease because of acts of the other party, Acts of God, adverse weather conditions not reasonably anticipated, war, invasion, insurrection, acts of a public enemy, riot, mob violence, civil commotion, sabotage, labor disputes, inability to procure or general shortage of labor, materials, facilities, equipment or supplies on the open market, unusual delay in transportation, laws, rules, regulations or orders of governmental or military authorities, or any other cause beyond the reasonable control of the parties so obligated, whether similar or dissimilar to the foregoing, financial inability excepted, such performance shall be excused for the period of the delay, and the period for such performance shall be extended for a period equivalent to the period of such delay. 12.4 Waiver. No written waiver of any breach of any of the terns, covenants, agreements, restrictions or conditions of this Lease shall be construed as a waiver of any succeeding breach of the same or other covenants, agreements, restrictions and conditions hereof. Lessor's acceptance of any sum payable by Lessee to Lessor under this Lease while Lessee is in default under the terms of this Lease shall not constitute a waiver by Lessor of such default, other than a default by Lessee in payment of the sum so accepted by Lessor. Lessee shall not rely on any oral waiver and shall not rely on any course of conduct as a waiver of any provision of this Lease. Lessee may rely only on specific waivers confirmed in writing. 12.5 Notices. Whenever in this Lease it shall be required or permitted that notice or demand be given or served by either party to this Lease to or on the other, such notice or demand IRV M15886 vl -4- shall be given or served and shall not be deemed to have been duly given or served unless said notice is in writing and is either personally served (including service by overnight courier) upon the person for whom intended or mailed, by registered or certified mail, with postage prepaid, addressed to the party for whom intended at the address that follows: Lessor: Wessman Family Trust c/o Wessman Development 1555 South Palm Canyon Drive, Suite G106 Palm Springs, CA 92264 Attn: John Wessman, Trustee Lessee: Community Redevelopment Agency of the City of Palm Springs 3200 E. Tahquitz Canyon Way Palm Springs, CA 92262 Attn: David H. Ready, Executive Director With a Copy to: David J. Aleshire,Esq. Burke, Williams & Sorensen, LLP 18301 Von Karman Avenue, Suite 1050 Irvine, CA 92612 Either Lessor or Lessee may change such address by notifying the other party in writing as to such new address as Lessee or Lessor may desire used and which new address shall continue as the address until further written notice. If any notice or demand is sent by mail as aforesaid, the same shall be deemed served or delivered three (3) days after the mailing thereof in the manner provided above. If any notice or demand is sent by overnight courier as aforesaid, the same shall be deemed served or delivered twenty-four (24) hours after deposit of the same with an overnight courier for delivery to the party to whom intended at the address provided above for such party pursuant to this Section. 12.6 No Oral Agreements. This (i) Lease covers in full each and every agreement of every kind or nature whatsoever between the parties hereto concerning this Lease, (ii) supersedes any and all previous obligations,agreements and understandings, if any,between the parties, oral or written, and (iii) merges all preliminary negotiations and agreements of whatsoever kind or nature herein. Lessee acknowledges that no representations or warranties of any kind or nature not specifically set forth herein have been made by Lessor or its agents or representatives. 12.7 Inurement. Each of the covenants, conditions and agreements herein contained shall inure to the benefit of and shall apply to and be binding upon the parties hereto and their respective heirs, legatees, devisees, executors, administrators, successors, assigns, sublessees or any person who may come into possession of said Site or any part thereof in any manner whatsoever. Nothing in this Section shall in any way alter the provisions against assignment or subletting hereinabove provided. 12.8 Assignment by Lessor. In the event Lessor shall transfer or convey or be divested of its fee estate in and to the Site, and as a part of said transaction shall transfer,convey, IRV M15886 vl _5_ assign or be divested of its interest as Lessor in and to this Lease, then from and after the effective date of said assignment, transfer, conveyance, divestiture or reverter and assumption of this Lease by the transferee, Lessor shall have no further liability, except for liabilities which shall have accrued and be unsatisfied as of such date, for all of which liabilities Lessor shall continue to be obligated notwithstanding any such assignment, transfer, conveyance, divestiture or reverter. 12.9 Severability. If any tern, covenant or condition of this Lease or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such tern, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each term, covenant or condition of this Lease shall be valid and be in force to the fullest extent permitted by law. 12.10 Authority of Lessor. Each individual executing this Lease on behalf of Lessor represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of Lessor and that this Lease is binding upon Lessor. 12.11 Lessee's Officers and Employees. 12.11.1 Non-liability of Officers and Employees. No officer, official, agent, contractor, or employee of Lessee shall be personally liable to Lessor, or any successor in interest, in the event of any default or breach by Lessor or for any amount which may become due to Lessor or to its successor, or for breach of any obligation of the terms of this Lease. 12.11.2 Conflict of Interest. No officer or employee of Lessee shall have any financial interest, direct or indirect, in this Lease nor shall any such officer or employee participate in any decision relating to this Lease which affects the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any state statute or regulation. 12.12 Non-Discrimination. There shall be no discrimination against or segregation of any person or group of persons on account of race, color creed, religion, sex, marital status, handicap, age, ancestry or national original in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the Site herein leased nor shall the Lessee itself, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of lessees, sublessees, subtenants or vendees of the Site herein leased. 12.13 Real Estate Broker. Lessee and Lessor each represent and warrant to the other that it has not dealt with any real estate broker and knows of no real estate broker, agent, or finder that may claim a commission in connection with this Lease, Lessee and Lessor shall each indemnify, defend, and hold the other harmless from and against any claim for any broker's or finder's fee arising out of the acts or omissions of the indemnifying party. [End- Signature Page and Exhibits Follow] IRV 415886 vl -6- IN WITNESS WHEREOF, Lessor and Lessee have caused this Lease Agreement to be executed and to be effective as of day and year first hereinabove written. "LESSOR" JOHN WESSMAN, TRUSTEE OF THE WESSMAN FAMILY TRUST, DATED NOVEMBER 16, 1998 ESSEE" COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS Executive Director ATTEST: Agency Secretary APPROVED AS TO FORM: Agency Attorney [End of Signatures] IRV#I5886 vl -7- EXHIBIT "A" ATTRACTION BOARD PARCEL 1 ALL THAT PORTION OF BLOCK 27 AS SHOWN ON THE MAP OF PALM SPRINGS TOWN SITE, RECORDED IN BOOK9, PAGE 432, RECORDS OF SAN DIEGO COUNTY,CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF PARCEL 3 AS DESCRIBED IN GRANT DEED TO JOHN WESSMAN RECORDED OCTOBER 28, 1998, AS INSTRUMENT NO. 465160 IN OFFICIAL RECORDS OF THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA; THENCE NORTH 89'52'00"EAST,ALONG THE SOUTH LINEOF SAID PARCEL3,A DISTANCE OF 6.92 FEET TO THE TRUE POINT OF BEGINNING; THENCE CONTINUING ALONG SAID SOUTH LINE, NORTH 89'52'00" EAST,A DISTANCE OF 1.50 FEET; THENCE NORTH 59'29'40" EAST, A DISTANCE OF 3.09 FEET; THENCE NORTH 00'08'00"WEST, PARALLEL WITH THE WEST LINE OF SAID PARCEL 3, A DISTANCE OF 1.21 FEET; THENCE SOUTH 59'29'40"WEST, A DISTANCE OF 4.83 FEET; THENCE SOUTH 00'08'00" EAST, PARALLEL WITH SAID WEST LINE, A DISTANCE OF 0.33 FEET TO THE TRUE POINT OF BEGINNING. COMPRISING 4 SQUARE FEET MORE OR LESS. i Pg. 1 of 2 EXHIBIT "A" ATTRACTION BOARD PARCEL 2 ALL THAT PORTION OF BLOCK 27 AS SHOWN ON THE MAP OF PALM SPRINGS TOWN SITE, RECORDED IN BOOKS, PAGE 432, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF PARCEL 3 AS DESCRIBED IN GRANT DEED TO JOHN WESSMAN RECORDED OCTOBER 28, 1998, AS INSTRUMENT NO. 465160 IN OFFICIAL RECORDS OF THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA; THENCE NORTH 89'52'00"EAST,ALONG THE SOUTH LINE OF SAID PARCEL 3,A DISTANCE OF 46.42 FEET TO THE TRUE POINT OF BEGINNING; THENCE NORTH 59'29'40" EAST, A DISTANCE OF 2.00 FEET; THENCE SOUTH 30'30'20" EAST, A DISTANCE OF 1.50 FEET; THENCE SOUTH 59'29'40" WEST, A DISTANCE OF 4.00 FEET; THENCE NORTH 30'30'20" WEST, A DISTANCE OF 1.50 FEET; THENCE NORTH 59'29'40" EAST, A DISTANCE OF 2.00 FEET TO THE TRUE POINT OF BEGINNING. COMPRISING 6 SQUARE FEET MORE OR LESS. WG;r � r �+ 2 31 eL i� Pg. 2 of 2 EXHIBIT"A" ATTRACTION BOARD PARCEL 3 ALL THAT PORTION OF BLOCK 27 AS SHOWN ON THE MAP OF PALM SPRINGS TOWN SITE, RECORDED IN BOOK9,PAGE432, RECORDS OF SAN DIEGO COUNTY,CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING ATTHE SOUTHWEST CORNER OF PARCEL 3 AS DESCRIBED IN GRANT DEED TO JOHN WESSMAN RECORDED OCTOBER 28, 1998, AS INSTRUMENT NO. 465160 IN OFFICIAL RECORDS OF THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA; THENCE NORTH 89'52'00"EAST,ALONG THE SOUTH LINE OF SAID PARCEL 3,A DISTANCE OF 11.08 FEET TO THE TRUE POINT OF BEGINNING; THENCE NORTH 00'08'00"WEST, PARALLEL WITH THE WEST LINE OF SAID PARCEL 3, A DISTANCE OF 0.67 FEET; THENCE NORTH 89'52'00"EAST,PARALLEL WITH SAID SOUTH LINE,A DISTANCEOF 10.50 FEET; THENCE SOUTH 00'08'00" EAST, PARALLEL WITH SAID WEST LINE, A DISTANCE OF 1.67 FEET; THENCE SOUTH 89'52'00" WEST, PARALLEL WITH SAID SOUTH LINE, A DISTANCE OF 10.50 FEET; THENCE NORTH 00'08'00"WEST, PARALLEL WITH SAID WEST LINE,A DISTANCE OF 1.00 FEET TO THE TRUE POINT OF BEGINNING. COMPRISING 18 SQUARE FEET MORE OR LESS. .�4�QQ,QfEB�I,�M,,�l �c EXPs� EXHIBIT "B " O� �O 0 O� G ti�O�GO. �vOG?ryyQ. C2i2 p'h 9� 4 o Qp, n 1 6 N QO0 �Q'Oe O O Z DETBIf SCALE: 1" 4' 8 SCALE 1" = 20' N89'52'00"E 62.12' 0 N W N 3 PARCEL 3 PER INST. NO. 465160 o RECORDED 10/28/98 ao 0 1 0 Z SEE DETAIL HEREON Qo0 B �L DE LT BEARING LENGTH TANGENT /�J p 1 N89'5 2 00 E RADIUS 6.92 N89'52'00"E W0.33 * No. C-28931 N59'29 40 E Ex..03-3103 4 N00'08'00"W `rT,gTF C 1 V 1� �r S59'29 40 6 S00'08'00"E OF PAIN S,o APPROVED BY: P CITY OF PALM SPRINGS ENGINEERING DEPARTMENT C1<1FQ��r DAVID J. BARMAN, P.E. - CITY ENGINEER RCE 28931. EXP. 3/31/03 DESIGN BY: SCALE: FILE NO.: A4LF 1" = 20' R-00-14 ATTRACTION BOARD PARCEL 1 CHECKED BY: DWG. NO.: SHEET NO.: DJB 1 1 OF 1 Pg. 1 of 2 EXHIBIT "B " N1 G� �O 0 GOQ- Tq 2� o Qe � 6 vi n C� a tiA GyR�GO• 4 9"QG.�Gy y�. z 5Q 9\k DETAIL QP�O SCALE: 1" = 4' N89'52'00"E 62,12' N 8 N PARCEL 3 PER INST. N0. 465160 3 RECORDED 10/28/98 SCALE 1" = 20' S SEE DETAIL HEREON T O Z 6 'CO 4 NOO'OB'OO"W, 16.50' PARCEL 2 PER INST. NO. 465160 RECORDED 10/28/98 N00'08'00'W, 23.60' N89'52'00"E 57.80' . BAt?, NOO'o8'00"W. 16.50' DELI BEARING RADIUS LENGTH TANGENT I N89'52'00"E, 4.32' 1 N89'52 00 E 46.42 No. C-28fl31 N59'29 40"E 2.00 ExD.OS31-03 S30'30 20*E 1.50 `rT,9TF C 1 V Ir S59'29 40 4,00 N30'30 20 1.So N59'29'40"E 2.00 of 7ALN 3,o APPROVED BY: z CITY OF PALM SPRINGS ENGINEERING DEPARTMENT DAVID J. BARMAN, P.E. - CITY E CINEER RCE 28931, EXP. 3/31/03 DESIGN BY: SCALE: FILE NO.: MLF 1" = 20' R-00-14 ATTRACTION BOARD PARCEL 2 CHECKED BY: DWG. NO.: SHEET NO.: DJB 1 1 OF 1 Pg. 2 of 2 IML QoO. EXHIBIT 4 Q°0 6 DLTAI SCALE: 1" = 4' ry� ppe'' o 0 vi M s4Q o ry1 p�G° b 0��M�ryyO z 3� 9\ Q�fie. N89'52'00"E 62.12' N N 3 PARCEL 3 PER INST. N0. 465160 SCALE 1" 20' RECORDED 10/28/98 o O� a � SEE DETAIL HEREON �Q• 6 NOO'OS'00"W, 16.50' PARCEL 2 PER INST. NO. 465160 RECORDED 10/26/98 NOO'08'DO"W, 23.60' N89'52'00'E 57.80' SOS "wF NGO'08'00"W, 16.50 Q DEJAAEARING I RADIUS LENGTH I TANGENT N8952'00E, 4.32' * N89'52 00 28931 N00'08'00"W 0.67 Exp.U31-03 N89'52 00 E 10.50 S7,1��C I V I L 4 SOO'OB OO E 1.67 OF S59'52 GO"W 10.50 NO(rosloo1w 1.00 of PALk APPROVED BY: CITY OF PALM SPRINGS ENGINEERING DEPARTMENT I��a DAND J. BARMAN, P.E. — CITY ENGINEER ROE 28931. EXP. 3/31/03 DESIGN BY: SCALE: ME NO.: MLF 1" = 20' R-00-14 ATTRACTION BOARD PARCEL 3 CHECKED BY: DWG. NO.: SHEET NO.: DJB 1 1 OF 1 ;. ll . _ ��p � y � � � �„ 1 `B �I`gF,pb \\�j\ \1 LQ _.� I ^l. p p yy Y� f� �& v`��� A"il Fn y„ fi��4�'tL td ��� 1 l` HISTORIC P1,e,ZA}liuATRG April 23, 2001 128 S.PALM CANYON DR. PALM SPRINGS,CA 92262 Mr. George Wyatt r Director, Economic Development I,llSIf,555'J'f;iCCS 125G.TahquilzCuyu.Way,Ste,209 City Of Palm Springs PALM SPRINGS,CA92262 3200 East Tahquitz Canyon Way J` ` J Palm Springs, CA92262 RE: Plaza Theatre Lease (760)778-7654 Dear Mr. Wyatt: i�i;a>ainty Pursuant to paragraph (4b) of the Plaza Theatre Lease between the (760)864-6514 City of Palm Springs and The Partnership For The Performing Arts, LP, we hereby exercise the option provided extending our lease for dGm, i-"."sC;:r:•Oab an additional year from October 1, 2001 through September 30, (760)864-6516 2002. I have enclosed the master calendar for the 2001-2002 Follies Eleventh Season. TRb�'.IIObs Sincerely,,/2 (760)327-0225 / F �rcur' ,. LS Dan fardin (760)778-7657 Associate Producer Partnership For The Performing Arts, LP nc5tr;aLe (760)322-3196 Enclosure: cc: Riff Markowitz David Ready Dallas Flicek DJ/skp January 20020 Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 i\lf E vY 7 F,,AR 6 7 8 9 10 11 12 JO ANN JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 13 14 15 16 17 18 19 JO ANN JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 20 21 22 23 24 25 26 JO ANN BARBARA BARBARA BARBARA BARBARA CASTLE McNAIR McNAIR McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1.30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 27 28 29 30 31 BARBARA BARBARA BARBARA McNAIR McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat - - 7:00 PM Eve 7:00 PM Eve December 2001 February 2002 S M T W T F S S M T W T F S 1 1 2 2 3 4 5 6 7 8 3 4 5 6 7 8 9 9 10 11 12 13 14 15 10 11 12 13 14 15 16 16 17 18 19 20 21 22 17 18 19 20 21 22 23 23 24 25 26 27 28 29 24 25 26 27 28 30 31 February 200 Sun Mon Tue Wed Thu Fri Sat 1 2 BARBARA BARBARA McNAIR McNAIR 1:30 PM Mat 1.30 PM Mat 7:00 PM Eve 7:00 PM Eve 3 4 5 6 7 8 9 BARBARA BARBARA BARBARA BARBARA BARBARA McNAIR McNAIR McNAIR McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 10 11 12 13 14 15 16 BARBARA BARBARA BARBARA BARBARA BARBARA McNAIR McNAIR McNAIR McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7.00 PM Eve 17 18 19 20 21 22 23 BARBARA BARBARA BARBARA BARBARA BARBARA McNAIR McNAIR McNAIR McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 24 25 26 27 28 BARBARA BARBARA BARBARA McNAIR McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat — 7:00 PM Eve 7:00 PM Eve January 2002 March 2002 S M T W T F S S M T W T F S 1 2 3 4 5 1 2 6 7 8 9 10 11 12 3 4 5 6 7 8 9 13 14 15 16 17 18 19 10 11 12 13 14 15 16 20 21 22 23 24 25 26 17 18 19 20 21 22 23 27 28 29 30 31 24 25 26 27 28 29 30 31 • March 2002 0 Sun Mon Tue Wed Thu Fri Sat 1 2 BARBARA BARBARA McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 3 4 5 6 7 8 9 BARBARA BARBARA BARBARA BARBARA BARBARA McNAIR McNAIR McNAIR McNAIR McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 10 11 12 13 14 15 16 BARBARA FOUR ACES FOUR ACES FOUR ACES FOUR ACES McNAIR 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 17 18 19 20 21 22 23 FOUR ACES FOUR ACES FOUR ACES FOUR ACES FOUR ACES 1:30 PM Mal 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 24 25 26 27 28 29 30 FOUR ACES FOUR ACES FOUR ACES FOUR ACES GOOD FRIDAY FOUR ACES 1:30 PM Mat 1:30 PM Mat PASSOVER 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 3 1 February 2002 April 2002 EASTER S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 3 4 5 6 7 8 9 7 8 9 10 1 1 1 2 13 10 11 12 13 14 15 16 14 15 16 17 18 19 20 17 18 19 20 21 22 23 21 22 23 24 25 26 27 24 25 26 27 28 28 29 30 • April 2002 • Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 JO ANN JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 7 8 9 10 11 12 13 JO ANN JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 14 15 16 17 18 19 20 JO ANN JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1.30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 21 22 23 24 25 26 27 JO ANN JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 28 29 30 JO ANN CASTLE 1:30 PM Mat March 2002 May 2002 S M T W T F S S M T W T F S 1 2 1 2 3 4 3 4 5 6 7 8 9 5 6 7 8 9 10 11 10 11 12 13 14 15 16 12 13 14 15 16 17 18 1718 19 20 21 2223 19 20 21 22 23 24 25 24 25 26 27 28 29 30 26 27 28 29 30 31 31 May 2002 Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 5 6 7 8 9 10 11 JO ANN JO ANN JO ANN JO ANN JO ANN CASTLE CASTLE CASTLE CASTLE CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 12 13 14 15 16 17 18 JO ANN FOURACES FOURACES FOURACES FOURACES CASTLE 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 19 20 21 22 23 24 25 FOURACES FOURACES FOURACES FOURACES FOUR ACES 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 26 27 28 29 30 31 FOURACES 1:30 PM Mat April 2002 June 2002 S M T W T F S S M T W T F S 1 2 3 4 5 6 1 7 8 9 10 11 12 13 2 3 4 5 6 7 8 14 15 16 17 18 19 20 9 10 11 12 13 14 15 21 22 23 24 25 26 27 16 17 18 19 20 21 22 28 29 30 23 24 25 26 27 28 29 30 January 2001 Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 New Year's Day Matinee Evening 7 8 9 10 11 12 13 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening 14 15 16 17 18 19 20 Matinee MLK Holiday Matinee Matinee Matinee Matinee Evening Evening Evening 21 22 23 24 25 26 27 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening Evening 28 29 30 31 Matinee Matinee Evening Plaza Theatre Calendar, Follies 10 February 2001 � Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 Matinee Matinee Matinee Evenin; Evening Evenine 4 5 6 7 8 9 10 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening Evening Evening 11 12 13 14 15 16 17 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening Evening Valentine's Day 18 19 20 21 22 23 24 Matinee Presidents Day Matinee Matinee Matinee Matinee Evening Evening Evening Evening Evening 25 26 27 28 Matinee Matinee Evening Ash Wed. Plaza Theatre Calendar, Follies 10 March 2001 i Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 Matinee Matinee Matinee Evening Evening Evening 4 5 6 7 8 9 10 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening Evening 11 12 13 14 15 16 17 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening Evening St. Patrick's Day 18 19 20 21 22 23 24 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening 25 26 27 28 29 30 31 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening Plaza Theatre Calendar, Follies 10 April 2001 Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 7 Matinee Matinee Matinee Matinee Matinee DST Begins Evening Evening Evening Passover begins at Sunset 8 9 10 11 12 13 14 Matinee Matinee Matinee Matinee Palm Sunday Eveningo 15 16 17 18 19 20 21 Easter Matinee Matinee Matinee Matinee Evening Evening Evening 22 23 24 25 26 27 28 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening 29 30 Matinee Plaza Theatre Calendar, Follies 10 May 2001 Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 Matinee Matinee Matinee Matinee Evening Evening 6 7 8 9 10 11 12 Matinee Matinee Matinee Matinee Matinee Evening Evenin; 13 14 15 16 17 18 19 Matinee Matinee Matinee Matinee Matinee Mother's Day Evenin0g Evening Armed Forces Day 20 21 22 23 24 25 26 Matinee Matinee Matinee Matinee Evening Evening 27 28 29 30 31 Matinee Memorial Day Holiday Plaza Theatre Calendar, Follies 10 August 2001 Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 26 27 28 29 30 31 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS July 2001 September 2001 S M T W T F S S M T W T F S 1 2 3 4 5 6 7 1 8 9 10 11 12 13 14 2 3 4 5 6 7 8 15 16 17 18 19 20 21 9 10 11 12 13 14 15 22 23 24 25 26 27 28 16 17 18 19 20 21 22 29 30 31 23 24 25 26 27 28 29 30 September 2001 Sun Mon Tue Wed Thu Fri Sat 1 REHEARSALS 2 3 4 5 6 7 8 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 9 10 11 12 13 14 15 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 16 17 18 19 20 21 22 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 23 24 25 26 27 28 29 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 3 0 August 2001 October 2001 REHEARSALS S M T W T F S S M T W T F S 1 2 3 4 1 2 3 4 5 6 5 6 7 8 9 10 11 7 8 9 10 11 12 13 12 13 14 15 16 17 18 14 15 16 17 18 19 20 19 20 21 22 23 24 25 21 22 23 24 25 26 27 26 27 28 29 30 31 28 29 30 31 October 2001 Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 7 8 9 10 11 12 13 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 14 15 16 17 18 19 20 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 21 22 23 24 25 26 27 REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS REHEARSALS 28 29 30 31 REHEARSALS REHEARSALS REHEARSALS REHEARSALS September 2001 November 2001 S M T W T F S S M T W T F S 1 1 2 3 2 3 4 5 6 7 8 4 5 6 7 8 910 9 10 11 12 13 14 15 11 12 13 14 15 16 17 16 17 18 19 20 21 22 18 19 20 21 22 23 24 23 24 25 26 27 28 29 25 26 27 28 29 30 30 0 November 2001 Sun Mon Tue Wed Thu Fri Sat 1 2 3 REHEARSALS REHEARSALS REHEARSALS 4 5 6 7 8 9 1 0 REHEARSALS REHEARSALS Anna Marie Anna Marie Anna Marie Anna Marie Anna Marie Alberghetti Alberghetti Alberghetti Alberghetti Alberghetti 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 11 12 13 14 15 16 17 Anna Marie Anna Marie Anna Marie Anna Marie Anna Marie Alberghetti Alberghetti Alberghetti Alberghetti Alberghetti 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 18 19 20 21 22 23 24 Anna Marie Anna Marie Anna Marie Anna Marie Anna Marie Alberghetti Alberghetti Alberghetti Alberghetti Alberghetti 1:30 PM Mat 1:30 PM Mat THANKSGIVING 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 1:30 PM Mat 25 26 27 28 29 30 Anna Marie Anna Marie Anna Marie Anna Marie Alberghetti Alberghetti Alberghetti Alberghetti 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve October 2001 December 2001 S M T W T F S S M T W T F S 1 2 3 4 5 6 1 7 8 9 10 11 12 13 2 3 4 5 6 7 8 14 15 16 17 18 19 20 9 10 11 12 13 14 15 21 22 23 24 25 26 27 16 17 18 19 20 21 22 28 29 30 31 23 24 25 26 27 28 29 30 31 *December 2001� Sun Mon Tue Wed Thu Fri Sat 1 Anna Marie Alberghetti 1:30 PM Mat 7:00 PM Eve 2 3 4 5 6 7 8 Anna Marie Anna Marie Anna Marie Anna Marie Anna Marie Alberghetti Alberghetti Alberghetti Alberghetti Alberghetti 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 9 10 11 12 13 14 15 Anna Marie Anna Marie Anna Marie Anna Marie Anna Marie Alberghetti Alberghetti Alberghetti Alberghetti Alberghetti L30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 16 17 18 19 20 21 22 Anna Marie Alberghetti 1:30 PM Mat 23 24 25 26 27 28 29 C7r1 R Il"TN1A Anna Marie Anna Marie Anna Marie Alberghetti Alberghetti Alberghetti 1:30 PM Mat 1:30 PM Mat 1:30 PM Mat 7:00 PM Eve 7:00 PM Eve 7:00 PM Eve 3 0 3 1 November 2001 January 2002 Anna Marie Anna Marie S M T W T F S S M T W T F S Alberghetti Alberghetti 1 2 3 1 2 3 4 5 L30 PM Mat 4:00 PM Early 4 5 6 7 8 9 1 0 6 7 8 9 1 0 1 1 1 2 7:00 PM Eve 9:00 PM Late 1 1 12 13 14 15 1 6 17 13 14 15 16 17 1 8 19 18 19 20 21 22 23 24 20 21 22 23 24 25 26 25 26 27 28 29 30 27 28 29 30 31 HISTORIC PLAZA THmTRE 128S.PALM CANYON DR. � �� 1�1Q'/flLJ1�� PALM SeRiNGs,CA92262 George Wyatt, Executive Director Community Redevelopment Agency of the City of Palm Springs Bosnim,r)rriCLs PO Box 2743 125G.TahquIIzCnynIay,8ie.209 Palm Springs, CA 92263 PAL62mcs,CA92262 March 10, 2000 RE: Plaza Theatre Lease aTRr�rricr' Dear Mr. Wyatt: (760)778-7654 Pursuant to paragraph (4b) of the Plaza Theatre lease between the City of Palm Springs and The Partnership For The Performing Arts, LP, we hereby AP"FFTI�C, exercise the option provided extending our lease for an additional year from (760)864-6514 October 1, 2000 through September 30, 2001. 1 have enclosed the master calendar for the 2000-2001 Follies Tenth season. Sincerely, (7G0)8G4-G51G ti (760)327-0225 Dan Jar Associ e Producer Partnership For The Performing Arts, LP (760)778-7657 enclosure cc: Riff Markowitz, Mr. Dallas Flicek (760)322-3196 August 2000 Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 C&D: OPEN C&D: OPEN C&D: OPEN Plaza 'Theatre Calendar, Follies 10 6eptember 20000 Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 C&D: OPEN D&C:Xmas 3 4 5 6 7 8 9 D&C:Xmas D&C:Xmas D&C:Xmas RNI:Radio RNI:Radl0 10 11 12 13 14 15 16 RD: FINALE RD: FINALE RD: FINALE JP: 40's JP: 40's 17 18 19 20 21 22 23 JP: 40's JP: 40's JP: CIRCUS JP: CIRCUS JP: CIRCUS 24 25 26 27 28 29 30 JP: CIRCUS JP: PG JP: PG Earl Brown JP,C&D,RD : LA for Sound Singer Days Meeting in With Earl Evening Brown JP: PG Plaza Theatre Calendar, Follies 10 October 2000 Partnership for the Performin; Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 16 7 Cast Day Off Cast Day Off JP,C&D,RD : LA JP, C&D, RD PS: JP, C&D, RD PS: JP, C&D, RD PS: PG: Final JP,C&D,RD : LA JP,C&D,RD : LA Singer Days Precord Days Precord Days Precord Days Changes withRNl Singer Days Singer Days With Earl With Earl With Earl Brown Brown Brown 8 9 10 11 12 13 14 Cast Day Off Cast Day Off a) JP: 40's: b) JP: CIRCUS- C&D OPEN C&D XMAS: a)RD- FNALE: JP-Mix Day JP-Mix Day Final Final Changes :Final Changes Final Changes Final Changes Changes-With with RM with RM with RM with RM Mix PG Mix 40's NU DaysFadio,Ple&e. RM C&D Mix JP: Mix RD Mix Days- oTs&Entras.spc,Ndl C&D Mix Days-Xmas Days-CIRCUS FINALE Days-OPEN 15 16 17 18 19 20 21 Cast Day Off JP, C&D- Tek JP&RD: Tek Act C&D : Light JP: Light Days- C&D: Light JP: Light Actl and 2 3 Days-OPEN PRETTY GIRL Days- XMAS Days-40's 22 23 24 25 26 27 28 Cast Day Off RM: Light Days- RD: Light JP: Light Days- JP, C&D, RD: 2 JP, C&D, RD: 2 JP, C&D, RD: 2 RADIO Days-FINALE CIRCUS Tech and Tech and Tech and &PLEDGE Dresses Dresses Dresses 29 30 31 Cast Day Off Cast Day Off JP, C&D, RD: 2 Tech and Dresses Plaza Theatre Calendar, Follies 10 November 2000 Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 JP, C&D, RD 2 JP, C&D, RD 2 JP, C&D, RD 2 JP, C&D, RD 2 Previews Previews Previews Previews 5 6 7 8 9 10 11 Cast Day Off JP, C&D, RD Matinee Matinee Matinee Matinee Matinee Gay Pride for Final Dress JP, C&D, RD JP, C&D, RD JP, C&D, RD JP, C&D, RD JP, C&D, RD Parade For Matinees For Matinees For Matinees For Matinees For Matinees Veterans Day Parade 12 13 14 15 16 17 18 Matinee Matinee Matinee Matinee Matinee Evenin; Evening Evening 19 20 21 22 23 24 25 Matinee Matinee Matinee Matinee Matinee Thanks,iving Evening Evening Day 26 27 28 29 30 Matinee Matinee Matinee Evening Plaza Theatre Calendar, Follies 10 December 2000 Partnership for the Performing Arts Sun Mon Tue Wed Thu Fri Sat 1 2 Matinee Matinee Evening Festival of Lishts Parade Evening 3 4 5 6 7 8 9 Matinee Matinee Matinee Matinee Matinee Evening Evening Evening 10 11 12 13 14 15 16 Matinee Matinee Matinee Matinee Matinee Evening 17 18 19 20 21 22 23 Hanukkah Begins (Sunset) 24 25 26 27 28 29 30 Christmas Day Matinee Matinee Matinee Matinee Evening Evenine Evening Evening 31 New Year's Matinee New Year's Evening Plaza Theatre Calendar, Follies 10 HISTORIC PLAZA THEATRE Executive Director 128S.PALMCmoNDR. Community Redevelopment Agency P"SPOGS,CA92262 of the City of Palm Springs PO Box 2743 BUSINESS OFFICES Palm Springs, CA 92263 125E.TahquiaCnya.Way,8te.209 PuSPRim,CA92262 April 1, 1999 Attention: Executive Director, THEATRE OFFICE Pursuant to paragraph (4b) of the Plaza Theatre lease between the City (760)778-7654 of Palm Springs and The Partnership For The Performing Arts, LP, we hereby exercise the option provided ' extending ,our lease for an MARnTInc additional year from October 1, 1999 through September 30, 2000. 1 (760)864-6514 have enclosed ' the master calendar for the 1999-2000 Follies nine season. MEDIA RELATIONS Sincerely, (760)864-6516 h JG RESERVATIONS (760)327-0225 ' 1 :...f an J rain N Associate Producer' <„r, r, 4r GROUP SALES Partnership For TW PerfpCming Arts, LP r (760)118-7657 ' I ,'' ' i 't , enclosure FACSIMILE e r 1 cc; F�1ff MarkowltzMr RRhMarktrl&, (760)322-3196 L HISTORIC PLAZA THEATRE Mr. Rob Parkins 128S.PALMCANYoNDR. City of Palm Springs PALM SPRINGS,CA9226Z 3200 E. Tahquitz Canyon Way Palm Springs, CA 92262 13UsINESsOFFICES March 23, 1998 125E TAquilz Cnyn.Way,Ste.200 PALM SPRINGS,CA 92262 Dear Mr. Parkins, Pursuant to paragraph (4b) of the Plaza Theatre lease between the City THEATRE&nCE of Palm Springs and The Partnership For The Performing Arts, LP, we (760)778-7654 hereby exercise the option provided extending our lease for an additional year from October 1, 1998 through September 30, 1999. 1 14AREVING have enclosed the master calendar for the 1998-1999 Follies eight (760)864-6514 season. Sincerely, 24EDIARELATIOPIS (760)864-6516 RESERVATIONS (760)327-0225 Dan J rdin Director of Operations Partnership For The Performing Arts, LP GROUP SALES (760)778-7657 enclosure FACSIMILE cc: Riff Markowitz (760)322-3196 The Partnership for the Performing Arts - 1st Amend to Theater Lease AGREEMENT #270C R960, 11-2-94 FIRST AMENDMENT TO THEATER LEASE AGREEMENT THIS FIRST AMENDMENT TO THEATER LEASE AGREEMENT (this "Amendment") is made and entered into as of October 1, 1994, by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS ("Landlord") and THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership ("Tenant") . R E C I T A L S: A. Landlord and Tenant entered into that certain Theater Lease Agreement dated as of August 19, 1991 as supplemented by that certain side letter between Landlord and Tenant dated August 19, 1994 (the "Side Letter") pursuant to which Landlord subleased to Tenant certain real property, together with improvements thereon and appurtenances thereto, located in the City of Palm Springs, California, as more particularly described in the Sublease (the "Sublease") - B. The Demised Premises, together with other properties, are leased by Landlord, as lessee, pursuant to that certain Lease and Purchase Agreement dated November 14, 1988, as amended by that certain Addendum to Lease/Purchase of Property Agreement dated March 13, 1989, by and among EARL C. STREBE and FRANCES B. STREBE, as to an undivided one-half interest, and GESKA R. LINANE, SUSAN S. PORTER and DOROTHY ANN ZABEL STREBE, as to an undivided one-half interest (collectively, "Master Lessors") and Landlord, as lessee, a memorandum of which was recorded April 17, 1989 in the Official Records of Riverside County, California as Instrument No. 1230381, and re-recorded May 4, 1989 as Instrument No. 142779, as further amended by Amendment to Lease dated October 15, 1991, between the successors-in-interest to the Master Lessors, an amended memorandum of which was recorded on February 14, 1992 as Instrument No. 051824 of the Official Records of Riverside County, California (as amended, the "Master Ground Lease") . C. In addition to modifying the Sublease, the Side Letter also granted additional rights to The Rifael Corp, a California Corporation ("Rifael") including, but not limited to, a right to negotiate and a right of first refusal to purchase a certain portion of the Demised Premises upon termination of the Master Lease. D. Upon the occurrence of certain events, Article 37 of the Sublease contemplated the addition of certain additional property called "Karen's Korner" as part of the Demised Premises. Such circumstances occurred and Karen's Korner became a part of the Demised Premises and, therefore, subject to the terms of the Sublease. E. The rights of Wessman as to the Theater were terminated by a written instrument executed by Wessman although Wessman does FS2\458\014084-0033\2117068.10 11/01/94 i w currently has the right to purchase Karen's Korner upon acquisition thereof by Landlord. F. Tenant is in default under the Sublease, including but not limited to: (a) Tenant is in arrears with respect to the payment of rent due under the Sublease in the amount of ONE HUNDRED THOUSAND SEVEN HUNDRED EIGHTY FOUR DOLLARS ($100,784.00) through September 30, 1994 which sum includes interest on the delinquent rent as authorized by the Sublease ("Delinquent Rent") . (b) Tenant is not using the Karen's Korner property as a gift shop and food service emporium as required by Article 41 of the Sublease. G. The parties desire to resolve the specified default issues and to amend the Sublease to, among other things, modify the rent provisions as to the Theater and Karen's Korner and to modify the use restrictions as to Karen's Korner. NOW, THEREFORE, Landlord and Tenant agree as follows: 1. DEFINED TERMS. Capitalized terms not otherwise defined, or redefined, in this Amendment shall have the meaning ascribed to such terms as set forth in the Sublease. 2. PAYMENT OF DELINQUENT RENT. Concurrently with execution of this Amendment, in payment of the Delinquent Rent, Tenant has executed and delivered to Landlord that certain Promissory Note of even date herewith in the sum of ONE HUNDRED THOUSAND SEVEN HUNDRED EIGHTY FOUR DOLLARS ($100, 784. 00) executed by Tenant payable to Landlord which note is in the form attached hereto as Exhibit "A" attached hereto ("Delinquency Note") . 3. COMMITMENT TO PAY DELINQUENT REAL PROPERTY TAXES. Tenant is obligated to pay the real property taxes for the Theater and Karen's Korner as specified in Section 6 of the Lease. Currently certain of the prior real property taxes were paid by Landlord and are due and owing to Landlord. Landlord has requested the Tax Assessor of the County of Riverside to allocate the real property taxes on the Property between the Theater, Karen's Korner and Louise's Pantry which allocation is expected to be received by December of 1994. Prior to receipt of such allocation, Tenant shall pay to Landlord an estimated amount of the delinquent taxes ("Landlord's Estimate") pursuant to a payment schedule mutually acceptable to the parties. Upon receipt of the tax allocation from the Assessor's Office, a copy of same shall be delivered by Landlord to Tenant with a statement indicating the additional amount of said taxes in excess of the Landlord's Estimate which are also due and owing to the Landlord. If the remaining amount is less than One Thousand Dollars ($1,000. 00) , Tenant shall pay the FS2\458\014084-0033\2117068.10 11/01/94 -2- full amount to Landlord no later than Friday, December 30, 1994. If the remaining amount of delinquent taxes is more than one Thousand Dollars ($1,000.00) , Tenant shall pay the full amount to Landlord no later than Friday January 20, 1995. Upon receipt of the allocation from the Assessor's Office, Tenant shall be bound thereby and obligated to pay the remaining amount of the delinquent taxes to Landlord. However, after payment of same to Landlord, Tenant shall have the right to appeal the allocation to the Assessor's Office at Tenant's sole cost and expense. If the tax Assessor's allocation is revised, then an appropriate adjustment of the total payment of delinquent taxes shall be made provided that such allocation is not challenged by Louise's Pantry. If Louise's Pantry does challenge the revised allocation, then the final determination from the Assessor's Office shall be binding on Tenant with respect to the delinquent taxes. Nothing herein shall be deemed to modify the provisions of Section 6 except as specifically set forth herein as to the delinquent taxes. 4. AMENDMENTS TO SUBLEASE. 3 . 1 RENTAL. Sections (a) and (b) of Article 5 of the Sublease are hereby deleted in their entirety and the following is substituted in their place and stead: 115. RENTAL. (a) Percentage Rental. For each and every Extended Term of this Lease, Tenant shall pay to Landlord, at the time and in the manner specified in this Paragraph 5, as "Percentage Rental", a sum equal to the product of the Percentage Rental Rate specified in Article 1 multiplied by the amount of Tenant's "Gross Sales, " (as hereinafter defined) made in, upon or from the Demised Premises, during each said Extended Term period, subject, however, to the Maximum Percentage Rental as specified below. Notwithstanding the foregoing, Tenant shall pay to Landlord the Maximum Percentage Rental for each Extended Term in six (6) equal installments commencing on December 1st of said Extended Term and continuing on the first day of each month thereafter through and including May of that Extended Term and upon termination of the Extended Term and Tenant's delivery of a final accounting as to total Gross Sales earned during said Extended Term, Landlord and Tenant shall make a final adjustment respecting the payment of the Percentage Rent with any shortage paid by Tenant to Landlord concurrently with the final accounting and any overage repaid by Landlord to Tenant within thirty (30) days after Landlord's receipt of Tenant's final accounting. For example, the Maximum Percentage Rental for the Extended Term of August 1, 1995 to July 31, 1996 is $75, 000. Therefore, on the first day of each of month from December 1, 1995 to May 1, 1996, Tenant shall pay the sum of Twelve Thousand Five Hundred Dollars ($12, 500. 00) to Landlord. On or before August 30, 1996, FS2\458\014084-0033\2117068.10 11/01/94 -3- Tenant shall deliver a final accounting to Landlord respecting Percentage Rent actual due and owning for said Extended Period and the final adjustments shall be made between the parties. The Maximum Percentage Rent for each Extended Term shall be as follows: (i) For the two (2) Extended Terms during August 1, 1994 through July 31, 1996, the Maximum Percentage Rent to be paid by Tenant for each such Extended Term during said period shall be SEVENTY FIVE THOUSAND DOLLARS ($75, 000.00) . (ii) Commencing August 1, 1996 and for each Extended Term thereafter, the Maximum Percentage Rent to be paid by Tenant during each such Extended Term shall be the ONE HUNDRED TWENTY THOUSAND DOLLARS ($120, 000.00) , adjusted to reflect increases, if any, in the Consumer Price Index occurring from August 1, 1994 to the first day of each respective Extended Term. Karen's Korner Commencement Date was February 1, 1992 . From and after the Karen's Korner Commencement Date, Tenant shall pay to Landlord Karen's Rental as provided in Article 38. (b) Statement of Percentage Rental and Audit. Tenant shall furnish to Landlord a statement of the Gross Sales of Tenant for each calendar month within thirty (30) days after the close of each such calendar month during the term hereof. Each statement shall be signed by a responsible officer of Tenant. The persons signing each such statement shall be deemed to have certified that to the best of his or her personal knowledge the information in such statement is true and correct. Tenant shall record at the time of sale, in the presence of the customer, all receipts from sales or other transactions, whether cash or credit made from a cash register or point of sale computer, having a cumulative retrievable total and which numbers consecutive purchases. Tenant shall also record at the time of receipt, all receipts from Events, including without limitation all receipts from ticket sales, the operation of the box office and concession areas and the rental of equipment and all receipts from the use of the Demised Premises (excluding Karen's Korner) by any licensee. Tenant shall prepare and keep full and accurate books of account, records and all cash register receipts, computer records, rent and license records with regard to the Gross Sales, credits, refunds and other pertinent transactions made from or upon the Demised Premises (including the Gross Sales of any subtenant, licensee or concessionaire) . Such books, receipts and records shall be kept for a period of not less than three (3) years after the close of each calendar year and without regard to whether the three (3) year period extends beyond the term of the Lease, and shall be available for FS2\458\014084-0033\2117068.10 11/01/94 -4- i • inspection and audit on the Demised Premises during the term of the Lease by Landlord and its representatives at all times during normal business hours upon twenty-four (24) hours prior notice. In addition, upon request of Landlord, Tenant shall furnish to Landlord a copy of all Tenant's (and of Tenant's subtenants, licensees or concessionaires) Sales and Use Tax Returns if required to be filed in the state or county or city where the Property is located. The receipt by Landlord of any statement or payment of Percentage Rental for any period shall not bind it as to the correctness of the statement or the payment. Landlord shall, within one (1) year after the receipt of any such statement, be entitled to an audit of such Gross Sales either by Landlord or by Landlord's representative to be designated. Such audit shall be conducted during normal business hours. If it shall be determined as a result of such audit that there has been a deficiency in the payment of Percentage Rental, then such deficiency shall become immediately due and payable with interest thereon at the rate specified in Article 5 (f) from the date when the Percentage Rental payment should have been made until the date paid. In addition, if Tenant shall be found to have understated Gross Sales by more than ten percent (10%) , then Tenant shall pay to Landlord all costs and expenses incurred by Landlord in making such audit and determining and collecting the underpayment. " 3.2 CORRECTION OF REAL ESTATE TAXES. The fourth sentence in Article 6 is hereby deleted in its entirety and the following is substituted in its place and stead: "Notwithstanding the foregoing, Tenant shall be obligated to pay for any tax, assessment, or fee of any nature whatsoever which is levied exclusively against Tenant, the Demised Premised or Karen's Korner. " 3. 3 ADDITIONAL EVENT OF DEFAULT. Section (a) of Article 22 of the Sublease is hereby supplemented to add the following to the end of the first sentence thereof: "or (ix) default by Tenant under the Delinquency Note" . 3 .4 TENANT TO PRODUCE FUND RAISING PROMOTION EVENT. The following Section (d) is hereby added to Article 34: " (d) Fund-Raisins Event Produced by Tenant. In addition to the provisions of Paragraphs 34 (a) , (b) and (c) above, Tenant agrees, at the written request of Landlord ("Request for Production Notice") , to produce at the Theater a premium fund-raising event which may include a Follies performance and such additional entertainment as may be required and agreed upon by the parties. The proceeds of such special event will be used for purposes of acquisition of the Theater by Landlord and/or renovation expenses incurred by Landlord for the Theater. Tenant agrees that Landlord may request Tenant to hold such an event not more than once during any Extended Term and not more than three (3) times during the maximum term of this Lease as currently provided in Section 4. This FS2\458\014084-0033\2117068.10 11/01/94 -5- event shall be produced by Tenant and cost and expense of same be borne by Landlord pursuant to the approved budget as set forth below except that Tenant shall not be reimbursed for any salary or fee to Tenant or its key employees for its production and professional expertise. Landlord shall have the right to control ticket sales and all proceeds from said event. Landlord shall deliver the Request for Special Production and the parties shall agree upon a date therefor in the same time and manner as set forth in Section 34 (c) (except that the Request for Production Notice is not required to be made on or before June 1) provided, however, that it is understood that Tenant will very likely require six (6) months in order to produce such an event. Upon receipt of said Request for Production Notice, Tenant will provide to Landlord a prof orma budget and plan for such event which must be mutually acceptable to both parties prior to the commencement of production or the incurring of any costs for which the City is to be responsible under this paragraph. Any additional expenses not within the approved budget must be approved by the Landlord in writing in order for the City to be responsible for same. Landlord and Tenant shall cooperate with each other in coming to agreement with respect to such matters in a timely fashion. " 3.5 MODIFICATION OF KAREN'S KORNER RENT. The first sentence of Article 38 is hereby deleted in its entirety and the following is substituted in its place and stead: "As long as Karen's Korner is being used solely for purposes of a theater-related museum and visitor's center is open to the public without charge, Tenant shall not be obligated to pay any monthly rental under this Lease for Karen's Korner. If Tenant ceases to use Karen's Korner as a theater museum and visitor center and commences to use same for any other use in accordance with the provisions of Article 41, then the monthly rental for Karen's Korner Rental shall be ONE THOUSAND FOUR HUNDRED TWENTY FIVE DOLLARS ($1,425.00) (the "Karen's Korner Rental") payable in advance on the first day of each calendar month thereafter. " 3. 6 MODIFICATION OF RENTAL ADJUSTMENT. The following paragraph is hereby added to the end of Article 39 of the Sublease: "The foregoing provisions of this Article shall not apply during such time as Karen's Korner is used as a theater- related museum and visitor's center. If Karen's Korner ceases to be used as a theater-related museum and visitor's center, the provisions set forth above shall apply. Nothing herein shall imply that Tenant may change the use of Karen's Korner except in compliance with the requirements set forth in Section 41 below. " F52\458\014084-0033\2117068.10 11/01/94 -6- 3 .7 MODIFICATION OF USE RESTRICTIONS RESPECTING KAREN'S KORNER. Article 41 is hereby deleted in its entirety and the following is substituted in its place and stead: "Notwithstanding anything to the contrary contained in Article 1, Article 3, and/or Article 9, Karen's Korner shall be used solely for the purpose of operating a theater-related museum and visitor's center. Provided Tenant is not in default under the Lease and provided further that Tenant complies with all applicable City ordinances, Tenant may, upon thirty (30) days prior written notice to Landlord, use Karen's Korner for the purpose of operating a food service emporium in/on Karen's Korner and in the Courtyard and for no other purpose. Tenant may not use the Karen's Korner premises for any other purpose except with the prior written consent of the Landlord, which consent is within the Landlord's sole discretion. " 3 .8 ADDITIONAL PROVISIONS. The following section (1) and (m) are hereby added to Article 61 of the Sublease: " (1) Non-liability of Landlord's Officers and Employees. No official, agent, contractor, or employee of Landlord shall be personally liable to Tenant, or any successor in interest, in the event of any default or breach by Landlord or for any amount which may become due to Tenant or to its successor, or for breach of any obligation of the terms of this Lease. (m) Conflict of Interest. No officer or employee of Landlord shall have any financial interest, direct or indirect, in either this Lease or the Demised Premises nor shall any such officer or employee participate in any decision relating to this Lease which affects the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any state statute or regulation. (n) No Waiver. The application and approval by City agencies, departments or divisions with respect to permits, approvals, etc. normally issued by a City shall not be construed in any way to constitute an approval by the Landlord with respect to such matter and any and all approvals to be obtained under this Lease from the Landlord must be obtained by Tenant in writing executed by Landlord and specifically indicating the nature and extent of such approval as pertains to this Lease. (o) Partial Payment. No payment by Tenant or receipt by Landlord of an amount less that the required payment set forth in this Lease, shall be considered as anything other than a partial payment of the amount due. No endorsement or statement to the contrary on any check or any accompanying letter shall be deemed an accord and satisfaction. Landlord may accept a partial payment without prejudicing Landlord's right to recover the balance of such payment which is still FS2\458\014084-0033\2117068.10 11/01/94 -7- due, and without affecting any other remedies available to Landlord. " 5. AUTHORITY. Each individual executing this Amendment and any related documents on behalf of a corporation or a partnership, as the case may be, represents and warrants that he or she is duly authorized to execute and deliver such documents on behalf of said entity , in accordance with a duly adopted resolution of the Board of Directors, if a corporation, or in accordance with the partnership agreement, if a partnership, and that this Amendment and any related documents are binding upon said entity in accordance with the terms of said documents. 6. NO OTHER MODIFICATIONS. Except as expressly provided in this Amendment, the Sublease and the Lease shall remain in full force and effect without modification. 7. NO WAIVER OF OTHER DEFAULTS. Execution of this Amendment shall not in any way be construed as waiving Landlord's rights and remedies with respect to any other defaults by Tenant under the Sublease which may exist as of the date of this Amendment except with respect to the Delinquent Rent which is deemed satisfied by Tenant's execution and delivery of the Note and Guaranty . 8. EXECUTION IN COUNTERPART. This Amendment may be executed in one or more counterparts, and all so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all parties are not signatories to the original or the same counterpart. FS2\458\014084-0033\2117068.10 11/01/94 -8- IN WITNESS WHEREOF, Landlord and Tenant have entered into this First Amendment to Theater Lease Agreement as of the date first above written. "Landlord" COMMUNITY EVELOPM T GENCY OF THE CITY OF PALM SP By: Executivo Directo ATTEST: / By; �4 Asst. Secretary REVIEWED AND APPROVED AS TO FORM: City At-tdrney "Tenant" THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership By: THE RIFAEL CORP. , a California Corporatipn Its: Genlelr_al_ Partner Its: L9 jji-c , Vo cll('(�J _C Fs2\458\014084-0033\2117068.10 11/01/94 —9— • 0 PROMISSORY NOTE $100,784.00 Palm Springs, California October 1, 1994 FOR VALUE RECEIVED, THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership ("Maker") , promises to pay to the order of THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS ("Holder") , at 3200 East Tahquitz Canyon Way, Palm Springs, California 92263 (Attn: Agency Treasurer) or such place as Holder may from time to time designate in writing, the principal sum of ONE HUNDRED THOUSAND SEVEN HUNDRED EIGHTY FOUR DOLLARS ($100,784. 00) , together with interest at the rate of six percent (6%) per annum on the unpaid principal commencing as of October 1, 1994 (the "Interest Accrual Date") until paid in full. Commencing on November 1, 1994 and continuing on the first (1st) day of each succeeding month thereafter until paid, Maker shall make monthly installments of principal and interest in the sum of ONE THOUSAND NINE HUNDRED FORTY EIGHT DOLLARS AND FORTY FOUR CENTS ($1, 948.44) or more. All payments made on this Note shall be credited first to payment of any charges or fees other than interest or principal, then to interest, and then to the reduction of unpaid principal. The entire outstanding principal balance of this Note, together with all accrued but unpaid interest thereon, if not sooner paid, shall be due and payable on the fifth (5th) anniversary date of the Interest Accrual Date ("Maturity Date") . This Note may be prepaid, in whole or in part, at anytime without penalty. From and after the Maturity Date hereof, or such earlier date as the principal, interest and charges owing on this Note become due and payable pursuant to the terms hereof, the whole of the principal and interest owing on this Note shall thereafter bear interest, until paid in full, at the rate of ten percent (100) per annum. Interest shall be computed on the basis of a year of three hundred sixty-five (365) days and the actual number of days elapsed. All sums owing hereunder shall be paid by Maker to Holder in lawful money of the United States of America. Notwithstanding any provision herein, the total liability for payment in the nature of interest shall not exceed the limit now imposed by applicable laws of the State of California. If any monthly payment due hereunder remains unpaid on the "EXHIBIT All -1- FS2\458\014084-0033\2117252.4 11/01/94 fifth (5th) day following the due date of said payment, then Maker shall pay a late fee in the amount equal to five percent (5%) of the amount past due. At the option of Holder, the whole of the principal, interest and other charges outstanding under this Note shall at once become due and payable without notice or demand upon the occurrence of the following events provided that acceleration is not then prohibited by law in such circumstances ("Event(s) of Default") : 1. The failure of Maker to pay any installment of principal or interest on this Note in accordance with its terms, through acceleration, or otherwise. 2 . A default by Maker as tenant under that certain Theater Lease Agreement dated as of August 19, 1991, by and between Holder, as landlord, and Maker, as tenant, as amended by letter agreement dated August 19, 1991, and further amended by First Amendment to Theater Lease Agreement of even date herewith (as amended, the "Sublease") . 3 . The failure of Maker or any other party liable for the payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, to pay any money judgment against any such party before the expiration of thirty (30) days after such judgment becomes final and no longer appealable. 4. The making by Maker, or any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, of a transfer in fraud of creditors or a general assignment for the benefit of creditors. 5. The liquidation or dissolution (if not immediately reconstituted) of Maker or any other party liable for the payment of this Note, whether as maker, endorser, guarantor, surety or otherwise. 6. The insolvency of Maker or any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise. 7. The appointment of a trustee or receiver, if not discharged within sixty (60) days, for the assets, or any part thereof, of Maker or for any material portion of the assets of any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise. 8. The admission of Maker, or any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, in writing of any such parties' inability to pay said parties' debts as they become due. 9. The filing, by way of petition, if not dismissed "EXHIBIT All -2- FS2\458\014084-0033\2117252.4 11/01/94 • • within sixty (60) days of such filing, or answer admitting the material allegations of any petition, or other pleading seeking entry of an order for relief for or against Maker or any other party liable for the payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, as a debtor or bankrupt, or an adjustment of said parties' debts, or any other relief under any state or federal bankruptcy, reorganization, debtor's relief or insolvency laws now or hereafter existing including, without limitation, a petition or answer seeking reorganization or admitting the material allegations of a petition filed against any of said parties in any bankruptcy or reorganization proceeding, or the act of any of said parties in instituting or voluntarily being or becoming a party to any other judicial proceedings intended to effect an extension, arrangement or discharge of the debts of any of said parties, in whole or in part, or a postponement of the maturity or collection thereof, or a suspension of any of the rights or powers of a trustee or of any of the rights or powers granted to the holder thereof, or in any instruments executed in connection therewith. 10. The transfer, by operation of law or otherwise, of any ownership interest in Maker without the prior written consent of Holder. All rights and remedies of Holder shall be cumulative and concurrent and may be pursued singularly, successively, or together, at the sole discretion of Holder, and may be exercised as often as the occasion therefor shall arise. No previous waiver and no failure or delay by Holder in acting with respect to the terms of this Note shall not constitute a waiver of any Event of Default under this Note. A waiver of any term of this Note must be in writing and shall be limited to the express written terms of such waiver. If this Note is executed by more than one person or entity as Maker, the obligations of each such person or entity shall be joint and several. No such person or entity shall be a mere accommodation maker, since each such person or entity shall be primarily and directly liable hereunder. Maker waives presentment, demand, notice of dishonor, notice of default, notice of acceleration, notice of protest and nonpayment, and diligence in taking any action to collect any sums owing under this Note. If Holder incurs any cost or expense for collection or enforcement of this Note, Maker promises to reimburse Holder, within five (5) days of written demand therefor, all costs and expenses incurred by Holder incident thereto including, but not limited to, attorneys' fees. Time is of the essence with respect to every provision hereof. "EXHIBIT All -3- FS2\458\014084-0033\2117252.4 11/01/94 This Note shall be construed and enforced in accordance with the laws of the State of California, except to the extent that Federal laws preempt the laws of the State of California. All persons and entities in any manner obligated under this Note consent to the jurisdiction of any federal or state court within the State of California having proper venue and also consent to service of process by any means authorized by California or federal law. "Maker" THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership By: The Rifael Corp. , a California corporation, General Partner By: Riff Markowitz President "EXHIBIT All -4- FS2\458\014084-0033\2117252.4 11/01/94 The Partnership for the Performing Arts Riff Markowitz AGREEMENT #270 PROMISSORY NOTE - -- $100,784.00 Palm Springs, California October 1, 1994 FOR VALUE RECEIVED, THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership ("Maker") , promises to pay to the order of THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS ("Holder") , at 3200 East Tahquitz Canyon Way, Palm Springs, California 92263 (Attn: Agency Treasurer) or such place as Holder may from time to time designate in writing, the principal sum of ONE HUNDRED THOUSAND SEVEN HUNDRED EIGHTY FOUR DOLLARS ($100,784.00) , together with interest at the rate of six percent (6%) per annum on the unpaid principal commencing as of October 1, 1994 (the "Interest Accrual Date") until paid in full. Commencing on November 1, 1994 and continuing on the first (1st) day of each succeeding month thereafter until paid, Maker shall make monthly installments of principal and interest in the sum of ONE THOUSAND NINE HUNDRED FORTY EIGHT DOLLARS AND FORTY FOUR CENTS ($1,948.44) or more. All payments made on this Note shall be credited first to payment of any charges or fees other than interest or principal, then to interest, and then to the reduction of unpaid principal. The entire outstanding principal balance of this Note, together with all accrued but unpaid interest thereon, if not sooner paid, shall be due and payable on the fifth (5th) anniversary date of the Interest Accrual Date ("Maturity Date") . This Note may be prepaid, in whole or in part, at anytime without penalty. From and after the Maturity Date hereof, or such earlier date as the principal, interest and charges owing on this Note become due and payable pursuant to the terms hereof, the whole of the principal and interest owing on this Note shall thereafter bear interest, until paid in full, at the rate of ten percent (10%) per annum. Interest shall be computed on the basis of a year of three hundred sixty-five (365) days and the actual number of days elapsed. All sums owing hereunder shall be paid by Maker to Holder in lawful money of the United States of America. Notwithstanding any provision herein, the total liability for payment in the nature of interest shall not exceed the limit now imposed by applicable laws of the State of California. If any monthly payment due hereunder remains unpaid on the fifth (5th) day following the due date of said payment, then Maker shall pay a late fee in the amount equal to five percent (5%) of the amount past due. - . ;lA lr- • FS2\458\014084-0033\2117252.4 10/28/94 At the option of Holder, the whole of the principal, interest and other charges outstanding under this Note shall at once become due and payable without notice or demand upon the occurrence of the following events provided that acceleration is not then prohibited by law in such circumstances ("Event(s) of Default") : 1. The failure of Maker to pay any installment of principal or interest on this Note in accordance with its terms, through acceleration, or otherwise. 2. A default by Maker as tenant under that certain Theater Lease Agreement dated as of August 19, 1991, by and between Holder, as landlord, and Maker, as tenant, as amended by letter agreement dated August 19, 1991, and further amended by First Amendment to Theater Lease Agreement of even date herewith (as amended, the "Sublease") . 3. The failure of Maker or any other party liable for the payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, to pay any money judgment against any such party before the expiration of thirty (30) days after such judgment becomes final and no longer appealable. 4. The making by Maker, or any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, of a transfer in fraud of creditors or a general assignment for the benefit of creditors. 5. The liquidation or dissolution (if not immediately reconstituted) of Maker or any other party liable for the payment of this Note, whether as maker, endorser, guarantor, surety or otherwise. 6. The insolvency of Maker or any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise. 7. The appointment of a trustee or receiver, if not discharged within sixty (60) days, for the assets, or any part thereof, of Maker or for any material portion of the assets of any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise. 8. The admission of Maker, or any other party liable for payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, in writing of any such parties' inability to pay said parties' debts as they become due. 9. The filing, by way of petition, if not dismissed within sixty (60) days of such filing, or answer admitting the material allegations of any petition, or other pleading seeking entry of an order for relief for or against Maker or any other party liable for the payment of this Note, whether as maker, endorser, guarantor, surety or otherwise, as a debtor or bankrupt, or an adjustment of said parties' debts, -2- FS2\458\014084-0033\2777252.4 10/28/94 0 0 or any other relief under any state or federal bankruptcy, reorganization, debtor's relief or insolvency laws now or hereafter existing including, without limitation, a petition or answer seeking reorganization or admitting the material allegations of a petition filed against any of said parties in any bankruptcy or reorganization proceeding, or the act of any of said parties in instituting or voluntarily being or becoming a party to any other judicial proceedings intended to effect an extension, arrangement or discharge of the debts of any of said parties, in whole or in part, or a postponement of the maturity or collection thereof, or a suspension of any of the rights or powers of a trustee or of any of the rights or powers granted to the holder thereof, or in any instruments executed in connection therewith. 10. The transfer, by operation of law or otherwise, of any ownership interest in Maker without the prior written consent of Holder. All rights and remedies of Holder shall be cumulative and concurrent and may be pursued singularly, successively, or together, at the sole discretion of Holder, and may be exercised as often as the occasion therefor shall arise. No previous waiver and no failure or delay by Holder in acting with respect to the terms of this Note shall not constitute a waiver of any Event of Default under this Note. A waiver of any term of this Note must be in writing and shall be limited to the express written terms of such waiver. If this Note is executed by more than one person or entity as Maker, the obligations of each such person or entity shall be joint and several. No such person or entity shall be a mere accommodation maker, since each such person or entity shall be primarily and directly liable hereunder. Maker waives presentment, demand, notice of dishonor, notice of default, notice of acceleration, notice of protest and nonpayment, and diligence in taking any action to collect any sums owing under this Note. If Holder incurs any cost or expense for collection or enforcement of this Note, Maker promises to reimburse Holder, within five (5) days of written demand therefor, all costs and expenses incurred by Holder incident thereto including, but not limited to, attorneys' fees. Time is of the essence with respect to every provision hereof. This Note shall be construed and enforced in accordance with the laws of the State of California, except to the extent that Federal laws preempt the laws of the State of California. All persons and entities in any manner obligated under this Note consent to the jurisdiction of any federal or state court within the State of California having proper venue and also consent to service of process by any means authorized by California or federal -3- FS2\458\014084-0033\2117252.4 10/28/94 law. "Maker" THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership By: The Rifael Corp. , a California corporation, General Partner By:/ \\ ! Riff Markowitz President -4- FS2\458\014084-0033\2777252.4 10/28/94 �ft� iV E D PLAZA F l 'f 21 1992 THEATRE ., "LIF-1K Partnerhsip for Performing (619) 778-7655 Direct Line Arts - Plaza Theater Lease (619) 322-3196 Facshuile Option to Extned term 1 yr AGREEMENT 270C lYlay 15, 1992 IVIr Parkips rF�A ,- I-k .j 1Gt71ud sn"p-,np Via Facslrnrle'TlansinOsslen 323-7701 cc: Brad Sevier 323-1759 Re: Plaza Theatre lease Ivly dear Mr Parlours; Pursuant to paragraph 4(b) of the Plaza Theatre lease between the City of 1<ahn Springs and 'I7re Partnership for the Performing Arts, L,P. we hereby exercise, the option provided therein extending our lease teen for an additional year from August 1 , 1992 until July 31,1993 Iviy sincere regards, Riff Markowitz for'1'hf;Partnership 128 Sough PoIrn Gnyon Drive. Pam Springs, California 92262 (619) 327-0225 SENT BY: Olivetti FX 2000 9-13-91 ; 2:84PM RUTAN AND TUQKE R- '# 2 August 19 , 1991 Mr. Riff Markowitz --o 4 -" The Partnership for the C� c/o Schlecht, Shevlin & Shoenberger , a Law corporation (R. Brad Sevier ) 101 East Tahquitz Canyon Way, Suite 100 Palm Springs, California 92262 Re; Plaza Theater Lease Dear Mr . Markowitz : This letter will confirm our agreement with respect to that certain Theater Lease Agreement dated August 19, 1991, ( "Lease" ) by and between the Community Redevelopment Agency of the City of Palm Springs ( "Landlord" ) and The Partnership for the C-r—e Arts, L.P. , a California limited partnership ( "Tenant") . ltp- i 1, 1. Pursuant to the terms of a Redevelopment Participation Agreement ( "Wessman Participation Agreement" ) dated November 2, 1988 by and between the City of Palm Springs, Landlord, and John Wessman, dba Wessman Development Company ( "Wessman" ) , a memorandum of which was recorded in the Official Records of Riverside County as Instrument No. 119579 , as amended by that certain Letter Agreement dated February 1, 1989 by and between Landlord and Wessman, Landlord granted to Wessman an option to purchase certain real property described in the Wessman Participation Agreement which includes all or a portion of the Demised Premises. 2. Landlord hereby agrees to use "due diligence" to obtain from Wessman a release of his right to acquire all or a portion of the Demised Premises under the Wessman Participation Agreement . As used herein, Landlord' s "due „ negotiate diligence shall mean an obligation by Landlord to ne o SENT BY.: Olivetti FX 2000 -18-91 ; 2:35PM RUTAN AND TUcPR4 ;# 3 Mr . Riff Markowitz August 19, 1991 Page 2 in good faith for such release of Wessman ' s purchase rights under the Wessman Participation Agreement, but shall not be construed to require Landlord to (a) pay Wessman any consideration for such release of rights, (b) initiate any legal proceeding or action against Wessman, (c) use Landlord ' s or cause the City of Palm Springs to use any of its eminent domain or police powers to acquire such release, or (d) require Landlord to grant to Wessman any non-monetary consideration, including without limitation granting of parking privileges for Wessman ' s adjacent property, it being expressly the intent of the parties hereto that Landlord ' s due diligence shall be limited to its good faith negotiations to obtain the release of Wessman ' s purchase rights. I 3. In the event that Wessman has not agreed to waive his right to purchase a portion of the Demised Premises on or before June 1, 1992, then Landlord shall so notify Tenant and upon receipt of such notice, Tenant shall have thirty ( 30) days in which to cancel the Lease with respect to that portion of the Demised Premises containing the Theater . if Tenant so elects to terminate, such termination will be effective thirty (30) days from Landlord' s receipt of such notice. If Tenant terminates the Lease with respect to the Theater, Tenant shall continue to lease Karen 's Kerner, and shall continue to have the right to the exclusive use of the Courtyard for use in connection with Tenant ' s operation of its business on Karen ' s Kerner , in accordance with the terms, of the Lease except that any subsequent tenant of the Theater ( "Subsequent Tenant" ) and Subsequent Tenant ' s employees, invitees and/or customers shall have the right to use the Courtyard for access to and from the Theater and the Trash Bin Area and Tenant shall not use the Courtyard in any manner which shall unreasonably interfere with the right of such parties to use the Courtyard in such manner . In the event Tenant does not elect to terminate within such thirty ( 30) day period, such right of termination shall expire, and the Lease will continue in full force and effect subject to Wessman' s purchase rights under the Wessman Participation Agreement . d. Provided Tenant is not in default (beyond any applicable cure period) under the Lease and Landlord has acquired fee title to the Demised Premises from Master Lessor, The Rifael Corp. , a California corporation, the general partner of Tenant ( "General Partner" ) shall have the following rights: SENT BY: Olivetti FX 2000 -13-81 ; 2:35PM RUTAN AND TU�ER- ;# 4 Mr. Riff Markowitz August 19, 1991 Page 3 (a) Eight to Negotiate. If Landlord desires to sell all or a portion of the Demised Premises to a third party, Landlord shall notify General Partner of such intention and shall thereafter negotiate in good faith with General Partner for a period of sixty ( 60) days in an attempt to enter into a binding agreement with General Partner to acquire such portion of the ➢emised Premises, if General Partner so desires. If Landlord and General Partner are unable to enter into a binding agreement within such sixty (60) day period, then Landlord shall be free to offer the Demised Premises for sale to any other interested parties, subject to General Partner ' s right of first refusal as described below. If Landlord and General Partner enter into a binding agreement within such sixty ( 60) day period, this Lease shall terminate with respect to such portion of the Demised Premises as of the close of escrow for such sale. (b) Right of First Refusal. If Landlord receives a bona, fide offer from a third party, whether such offer was solicited by Landlord or unsolicited, to purchase all or a portion of the Demised Premises and is willing to accept such offer, then Landlord shall first submit to General Partner a notice setting forth the terms and conditions on which Landlord is proposing to sell such portion of the Demised Premises to the third party. General Partner shall thereupon have thirty (30) days from receipt of that notice within which to deliver to Landlord written notice of General Partner ' s intent to purchase the Demised Premises on the terms and conditions contained in Landlord' s notice. if Landlord does not receive written notice of acceptance from General Partner within said thirty ( 30) day period, the General Partner shall be conclusively deemed to have determined not to purchase the Demised Premises, and Landlord shall thereupon be free to sell the ➢emised Premises to any third party upon the same terms offered to General Partner or on such other terms as Landlord and the third party may in good faith negotiations agree. If such good faith negotiations, however, SENT BY: Olivetti FX 2000 L9-13-91 ; 2:36PM ; RUTAN AND TUOKER� ;# 5 Mr . miff Markowitz August 19, 1991 Page 4 result in a "material change" in the terms first offered to General Partner, Landlord shall first submit the offer with the changed terms to General Partner, who shall then have fifteen ( 15) days to accept in the manner described above. As used in this paragraph, a "material change" refers only to the following; ( i ) in the event of an all cash sale, a decrease of more than two percent ( 2%) in the purchase price; or (ii) in the event of a sale composed of cash and note(s) , a total decrease of more than two percent (2%) of the purchase price determined by the Gash portion plus the discounted value of the note(s) using the discount rate charged to member banks of the Federal Reserve Bank of San Francisco on the date Landlord provides General Partner with notice of the material change. Any broker ' s commission that would have been paid but for General Partner ' s exercise of its right of first refusal under this paragraph shall not be used in determining the amount of a decrease in the purchase price. if Landlord does not sell and convey the Demised Premises to the third party within One Hundred Thirty—Five (135) days after the date General Partner elects not to purchase or is deemed to have elected not to purchase, then any further transaction with the third party or any new party shall be deemed a new offer to Landlord to buy the Demised Premises and General Partner shall again have a right of refusal as provided above. if General Partner elects to purchase the Demised Premises, then the transaction shall close (a) within sixty ( 60) days after General Partner exercises its right hereunder or (b) by the date for close of escrow, if any, set forth in Landlord's notice, whichever last occurs . As of the close of escrow, this Lease shall terminate with respect to such portion of the Demised Premises so conveyed. As used in this paragraph, the term "Demised Premises" shall include Karen ' s Korner, if made a part of the Demised Premises. General Partner may assign its rights under this paragraph 4 only with the prior written consent of Landlord, which consent shall not be unreasonably withheld. " ,i •, 4 SENT BY� Olivetti fX 2000 + -IB-V � 2�Hpm i RUTAN AND TUCKERi ;# 6 Mr . Riff Markowitz August 19, 1991 Page 5 5. The second sentence of Article l (b) of the Lease provides that Tenant accepts the Demised Premises from Landlord, in its "As Is" condition, except that the seats, carpet and curtains shall be in good condition and repair . Tenant acknowledges that it has inspected the seats, carpet and curtains in the Theater and finds that such items are generally in good repair and condition, except for certain minor repairs and refurbishments which do not involve substantial repair or replacement of any of such items. Landlord and Tenant agree to further inspect, or cause to have inspected, the seats, carpet and curtains in the Theater and to prepare a punch-list of the repair items to be completed by Landlord, as mutually agreed by Landlord and Tenant . 6. Recitals A and D of the Lease reference certain undated and unrecorded documents. Landlord and Tenant acknowledge that Landlord has not yet obtained the signature of Master Lessor to such documents and is presently attempting to do so. Landlord agrees to use all reasonable efforts to cause the documents described in Recitals A and D of the Lease to be executed and recorded and when so accomplished, shall insert the appropriate dates and recording information into such recitals, thereby including the Stage Door Property within the Demised Premises . In the event Landlord is unable to cause such documents to be executed and recorded, the references in Recital A to the Amendment to Lease and Amended Memorandum of Lease and Purchase of Property shall be deleted and Recital D shall be deleted, and the Stage Door Property shall not be incorporated within the Demised Premises. 7. In the event that prior to Landlord' s replacement of the air conditioning system pursuant to Exhibit "C", the present air conditioning system breaks down and, as a result thereof, Tenant cannot operate its business in the Theater, Landlord shall be liable and responsible to Tenant for all damages arising from Tenant ' s failure to be open for business in the Theater . 8. Except as modified and clarified herein, the provisions of the Lease shall be and remain in full force and effect. This letter shall be deemed incorporated into the Lease and made a part thereof. Upon the termination or expiration of the Lease, the terms and provisions of this letter shall also terminate and be of no further force or effect as of the effective date of such termination or expiration. 4� i SENT BY; Olivetti FX 2UQ 13-91 2 39PM RUTAN AND TUOVER- �# 7 Mr. Riff Markowitz I August 19, 1991 Page 6 9 . Notwithstanding Article 18 of the Lease, Tenant shall pay for all utilities for Karen' s Korner beginning on the date upon which Tenant opens Karen's Korner for business. 10. Capitalized terms not defined herein shall have the meanings ascribed to them in the Lease. Please confirm that the above correctly sets forth our agreement by executing the enclosed copy of this letter where indicated below and returning same to the undersigned. COMMUNIT�EDEVELO MENT AGENCY OF THE C17 OF PALM SP T By: Cite ' eager/ ecutive Director "Landlord TTEST: City erk/Assl9tant Secretary REVIEWED AND APPROVED: City Attorney THE PARTNERSHIP FOR THE C!?EAh�E ARTS, L.P. , a CALIFORNIA limited partnership I By: The Rif 1 Corp. , a California torpor Mon Its : _ral Partner i_ By: - Riff Markowitz , President 5/267/014084-0033/07 ' W cea RECORDING REQUESTED BY ) r r► AND WHEN RECORDED RETURN TO: ` 'CITY CLERK A z P.O. BOX 2743 t PALM SPRINGS, CA 92263-2743 MEMORANDUM OF SUBLEASE AND RIGHT OF FIRST REFUSAL This Memorandum of Sublease is made on the _5P` day of 1991, between COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS (the "Landlord") , and THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership (the "Tenant") , who agree as follows: 1. Term and Premises. Landlord and Tenant have entered into a lease dated August 19 , 1991 (the "Lease") as modified by letter agreement dated August 19, 1991 ("Letter Agreement")o, whereby Landlord leased to Tenant, and Tenant leased from Landlord, that certain real property located in Palm Springs, County of Riverside, California, described in EXHIBIT "A" which is attached hereto and incorporated herein by this reference (the "Premises") . The initial term of the Lease is from September 1, 1991 through July 31, 1992 . Pursuant to the Lease, Tenant has a right to extend the Lease for the following terms: August 1, 1992 through July 31, 1993 August 1, 1993 through July 31, 1994 August 1, 1994 through July 31, 1995 August 1, 1995 through July 31, 1996 August 1, 1996 through July 31, 1997 August 1, 1997 through September 30, 1998 October 1, 1998 through September 30, 1999 October 1, 1999 through September 30, 2000 October 1, 2000 through September 30, 2001 October 1, 2001 through September 30, 2002 October 1, 2002 through September 30, 2003 October 1, 2003 through September 30, 2004 October 1, 2004 through September 30, 2005 October 1, 2005 through December 31, 2006 23718 2 . Right of First Negotiation and Right of First Refusal. Pursuant to the Letter Agreement, Landlord has conveyed to Tenant a right of first negotiation to purchase the Premises and a right of first refusal to purchase the Premises, as more fully described in the Letter Agreement, which shall remain effective for the duration of the lease. 3 . Purpose of Memorandum of Lease. This Memorandum of Sublease is prepared for the purpose of recordation, and it in no way modifies the provisions of the Lease or Letter Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Memorandum of Sublease on the date first set forth above, at Palm Springs, California. Landlord: COMMUNITY ENT AGENCY OF THE CI OF PALM S I By: Cit pager/ cutive Director ATTEST: By: -1- pipy Clerk /Assistant Secretary REVIEWED AND APPROVED By: City Attorney Tenant: THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , A California Limited Partnership By: The Rifael Corp. , a California Corpo ation Its: eneral Partner Byjl� Riff Markowitz, esident STATE OF CALIFORNIA ) ) SS. COUNTY OF RIVERSIDE ) On e1r, _'� , 1991, before me, the undersigned, a Notary Public in and for said State, personally appeared RIFF MARKOWITZ, personally known to me (or-pr-oved-to-me-an t-he-ba-si--_of -Kati-s-f-actory-evidence)- to be the person that executed the within instrument as President on behalf of THE RIFAEL CORPORATION, a California Corporation, the corporation therein named, and acknowledged to me that said corporation executed the within instrument pursuant to its Bylaws or a resolution of its Board of Directors, said corporation being known to me to be the general partner of THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership, the limited partnership that executed the within instrument, and acknowledged to me that such corporation executed the same as such partner and that such partnership executed the same. WITNESS my hand and official seal. X; .,s OFFICIAL NOTARY SEAL < `�`rr-vZ ELAINEL SCHWgg72 �IF�f � p Notary uubllc—.Ca!dorma RIVERSIDE;oUNTV NOS a PUb11C 'vb Comm Expire FEB 03,1995 L STATE OF CALIFORNIA ) ) ss. COUNTY OF RIVERSIDE ) On r'/e' . 2 , 1991, before me, the undersigned, a Notary Public in anal for said State, personally appeared �'4Z Z�_' Gy Wp J , personally known to me +or=przaved-te=me ar the`bas=is..-af--satin-f-acto-r-y eviden_c-�)- to be -c r n ��at executed the within instrument as the City Manage] /yS�' heCity�of Palm Springs on behalf of the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, and acknowledged- to me that he executed the same. WITNESS my hand and official seal. '''°`'` OFFICIAL NOTARY SEAL .-,� f� ELAINE L SCHWARTZ / _f i �(` .0 f I"h - Notary Public—California Notary Pt1b' is ��JS RroeRSIOE couNry My Camm Expues PEp 03.Igg5 STATE OF CALIFORNIA ) Ss. COUNTY OF RIVERSIDE ) On �0_/?.. , 1991, before me, the undersigned, a Notary Pupb}ic in nd for said State, personally appeared Sd2Gi � / �xi personally known to me -der p-r-oved to me ci tYte-basis-o- -satin-factory e�id�n^Tr to be the person that executed the within instrument as the City Clerk of the City of Palm Springs, and acknowledged to me that5he executed the same. WITNESS my hand and official seal. OFFICIAL NOTAR V�y, SEAL s I��: NotarELMy P L SCH��IIART- Notar Public �` 1 y � (�" � Nolary Pubho—Caliicmia Y -� RIVERSIDE COUNTY ^�="A 'wY Comm expires FE008,1995 • PLAZA THEATRE COMPLEX PARCEL 1• THAT PORTION OF BLOCK 27 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432 OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DES- CRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE WEST LINE OF SAID BLOCK 27 THAT BEARS SOUTH 00 DEGREES 08' EAST, A DISTANCE OF 114 FEET, FROM THE NORTHWEST CORNER THEREOF; THENCE CONTINUING SOUTH 00 DEGREES 08' EAST ALONG SAID WEST LINE A DIS- TANCE OF 61.70 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH THE NORTH LINE OF SAID BLOCK 27, A DISTANCE OF 57.80 FEET; THENCE SOUTH 00 DEGREES 08' EAST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 7.10 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 55 FEET; THENCE SOUTH 00 DEGREES 08' EAST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 0.47 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 59 FEET; THENCE NORTH 00 DEGREES 08' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 0.47 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 44.58 FEET; THENCE NORTH 00 DEGREES 08' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 47.48 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 4.45 FEET; THENCE NORTH 00 DEGREES 08' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 4.75 FEET; THENCE SOUTH 89 DEGREES 52' WEST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 4.45 FEET; THENCE NORTH 00 DEGREES 08' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 9.57 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 5.00 FEET; THENCE NORTH 00 DEGREES 08' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 2.00 FEET; THENCE SOUTH 89 DEGREES 52' WEST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 5.00 FEET; THENCE NORTH 00 DEGREES 08' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE OF 5.00 FEET; THENCE SOUTH 89 DEGREES 52' WEST AND PARALLEL WITH SAID NORTH LINE, 216.38 FEET TO THE POINT OF BEGINNING. THIS DESCRIPTION WAS PREPARED TO CONFORM TO LOT LINE ADJUSTMENT NO. 90-16 OF THE CITY OF PALM SPRINGS. EXHIBIT A - pg 1 -1- 23718 EXCEPTING FROM THE DESCRIBED PARCEL THAT PORTION DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE WEST LINE OF SAID BLOCK 27 THAT BEARS SOUTH 00 DEGREES 08' EAST, A DISTANCE OF 114 FEET FROM THE NORTHWEST CORNER THEREOF; THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL NORTH 89°52' EAST, 62.12 FEET TO THE PACE OF THE THEATER BUILDING; THENCE ALONG SAID FACE OF BUILDING SOUTH 0008' EAST, 20.42 FEET; THENCE SOUTH 89052' WEST, 45.50 FEET; THENCE NORTH 0%8' WEST, 3.25 FEET; THENCE SOUTH 89052' WEST, 16.62 FEET TO THE WESTERLY LINE OF SAID PARCEL; THENCE ALONG SAID WESTERLY LINE, NORTH 0*08' WEST, 17.17 FEET TO THE POINT OF BEGINNING. PARCEL 2: A RIGHT OF WAY FOR INGRESS AND EGRESS OVER THAT PORTION OF BLOCK 27 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432 OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE WEST LINE OF SAID BLOCK 27 THAT BEARS SOUTH 00 DEGREES 08' EAST, A DISTANCE OF 175.70 FEET, FROM THE NORTH- WEST CORNER THEREOF; THENCE NORTH 890DEGREES 52' EAST, A DISTANCE OF 57.80 FEET; THENCE SOUTH 00 DEGREES 08' EAST AND PARALLEL WITH SAID WEST LINE 7.10 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH THE NORTH LINE OF BLOCK 27, A DISTANCE OF 55 FEET; THENCE SOUTH 00 DEGREES 08' EAST 0.47 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, 25.75 FEET, TO THE TRUE POINT OF BEGINNING- THENCE SOUTH 00 DEGREES 08' EAST, AND PARALLEL WITH THE SAID WEST LINE, 105.50 FEET; THENCE SOUTH 89 DEGREES 52' WEST, A DISTANCE OF 138.55 FEET., TO THE WEST LINE OF SAID BLOCK 27; THENCE SOUTH 00 DEGREES 08' EAST, A DISTANCE OF 7 FEET, ALONG SAID WEST LINE; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE A DISTANCE OF 290.50 FEET; THENCE NORTH 00 DEGREES 08' WEST ALONG THE EAST LINE OF SAID BLOCK 27, A DISTANCE OF 7 FEET; THENCE SOUTH 89 DEGREES 52' WEST, A DISTANCE OF 144.95 FEET; THENCE NORTH 00 DEGREES 08' WEST, AND PARALLEL WITH SAID WEST LINE, 105.50 FEET, TO A POINT ON THE SOUTH WALL OF PLAZA THEATRE BUILDING; THENCE SOUTH 89 DEGREES 52' WEST ALONG SAID WALL, 7 FEET TO THE TRUE POINT OF BEGINNING. PARCEL 3: AN EASEMENT FOR INGRESS AND EGRESS OF PEDESTRTANS, EQUIPMENT AND VEHICLES TO AND FROM PARCEL 1 HEREIN DESCRIBED, OVER THAT PORTION OF BLOCK 27 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432 OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: EXHIBIT A Page 2 -2- COMMENCING AT A POINT ON THE WEST LINE OF SAID BLOCK 27 THAT BEARS SOUTH 00 DEGREES 08' EAST, A DISTANCE OF 114 FEET, FROM THE NORTHWEST CORNER THEREOF; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH THE NORTH LINE OF SAID BLOCK 27, A DISTANCE OF 216.38 FEET, TO THE TRUE POINT OF BE- GINNING; THENCE CONTINUING NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 74.12 FEET, MORE OR LESS, TO A POINT ON THE SAID EAST LINE OF SAID BLOCK 27; THENCE SOUTH 00 DEGREES 08' EAST ALONG SAID EAST LINE, A DISTANCE OF 8 FEET; THENCE SOUTH 89 DEGREES 52' WEST AND PARALLEL WITH SAID NORTH LINE A DISTANCE OF 67.12 FEET; THENCE SOUTH 00 DEGREES 08' EAST AND PARALLEL WITH SAID EAST LINE OF BLOCK 27, A DISTANCE OF 8.57 FEET; THENCE SOUTH 89 DEGREES 52' WEST AND PARALLEL WITH SAID NORTH LINE, 7 FEET, TO A POINT ON THE EAST WALL OF PLAZA THEATRE BUILDING; THENCE NORTH 00 DEGREES 08' WEST ALONG SAID WALL, A DISTANCE OF 16.57 FEET, TO THE TRUE POINT OF BEGINNING. PARCEL 4: A RIGHT OF WAY 7 FEET WIDE OVER THE PROPERTY OF THE PLAZA INVESTMENT COMPANY, INC. , IMMEDIATELY ADJACENT TO THE SOUTHERLY AND EASTERLY LINES OF PARCEL 1 HEREIN DESCRIBED WHEREVER THE SAME IS OR WILL BE ACCESSIBLE AND TO THE EXTENT AND FOR THE TIME ONLY THAT THE SAME IS NECESSARY FOR TIIE PURPOSE OF ATTENDING TO TIIE UPKEEP AND MAINTENANCE OF THE IMPROVEMENTS LOCATED IN SAID PARCEL 1, AS CONVEYED TO EARLE C. STREBE BY DEED RECORDED MARCH 1, 1955 AS INSTRUMENT NO. 13488 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 5: AN EASEMENT OVER THE PROPERTY OF THE PLAZA INSTRUMENT COMPANY, INC. FOR THE OVERHANG OF THE THEATRE BUILDING LOCATED ON PARCEL 1 HEREIN DESCRIBED, AS CONVEYED TO EARLE C. STREBE BY DEED RECORDED MARCH 1, 1955 AS INSTRUMENT NO. 13488 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. NOTE: SAID PROPERTY IS ALSO SITUATED IN THE CITY OF PALM SPRINGS. ASSESSOR'S PARCEL NO. 5131440037. EXHIBIT A page 3 -3- Z. 7-,411QL// TZ G✓q Y o ,v w, CozvE4 BGf( 27 �f PAGM,$p,¢/NGS� Y432 .SAh/ /EGO Co, .S 20' n!.83'52 E, 2/6 38 Cc'O 00 'L 9- N L 0 U/SE 5 RWA17-RY ��9� vl;)t p NOT A P4,e7- e0 t.p m PA c4c55L0" ry 10 /6.6z W ,AA1 h r00 000 �O ° PLAZA T1 Z4 TRZ C0MpZZX pec ! f I< I< N m � �1 2 501"p /2.4o0' 0°T P.PA.CQSTH oLf1,p PEcAt, ao Al.83052"E. 57.BO' az' V oQ.10' 'V.89"62'E_ 55,00' N.83S2 E 44.58' J °9 yl v 0D.k1 0 o a 4 mcn KWL ASSOCIATES, INC. W 712 Eugene Road PALM SPRINGS, CALIFORNIA 92264 Phone 327-7786 TA//Ql1/TZ CQ/Iro/v G✓AY L W o/�PALM SPR/NGS O � JLY LlNF �g,QCEG h � ✓ 89^5Z ScgLE : / 304 57, 80' S9,00 N, 89'S2'E SS.oO ' 25,75 7.0 00� N. 8905Z'E. do Q N y01 O,0�A 5 D. N � � u H � h Q � Q y O ,Qics/T of y✓AY � � FO.Q /N�.PE55 c EGr2E.sS � H 0 8 S, 89 52' S, 890S0'id. /¢¢,95 � c KWL ASSOCIATES, INC. 712 Eugene Rd. PALM SPRINGS, CA 92264 (714) 32T7786 KW L A S S 0 C Ill T E S CENT CST y OF TiI�LM�R/NGS JOB NO. 212-,2 fILANNING • ENGINEERING . SURVEYS LEGAL •S,c�ETG/� TO .AaG•OMF�.9n/ }� SHT. _� 1- 712 EUGENE ROAD / r n _ G _ OF O PALM SPRINGS,CA.922e2 L.���� DE�C��jO/1ON fOQ/�(/�[/� DATE +i327-77ee (/T/L/-TY EfMT.-/oR•�� 27 P,S,M& b REW PL_A ZA T.�E,4r,�e a 9 Al 000,0 le,-67' f��N' 5.89°S2ly 1'M 04 _ v 5571 S,o•o8'E, �1 h W `y) PGAZA �.d✓ESTi�1F�T CO. J �Q �JosliV %j/E.SS�LL4N M011, /0,/9 IWr.. 329B62o,R I h � � e � EXHIBIT A Page 6 cc r� 11 LOv/SEs PAvr�Y .t/o TA �A2 T Of P/�RGF_L V e' 7 � T.yE.AT,QE �oMP� EX h (�� X 7 u f 4,2aEG ¢ ��,PiG-.yT of /��+>' �r UPKEEP A;✓o A'IQ/NTF�.4�/CE KWL ASSOCIATES, INC. 712 Eugene Rd. PALM SPRINGS, CA 92264 (714) 327.7786 Riff Markowitz - Partnership for the Performing Arts Excl Use Plaza Theater AGREEMENT #270 R792, 7-3-91 THEATER LEASE AGREEMENT THIS THEATER LEASE AGREEMENT (the "Lease") is made and entered into this 19th day of August, 1991, by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS ("Landlord") , and THE PARTNERSHIP FOR THE CREATIVE ARTS, L.P. , a California Limited Partnership ("Tenant") . � f-A,- R E C I T A L S V A. Pursuant to the terms of that certain Lease and Purchase Agreement dated the 14th day of November, 1988 (the "Lease and Purchase Agreement") , as amended by that certain Addendum to Lease/Purchase of Property Agreement dated March 13 , 1989, by and between Earl C. Strebe and Frances B. Strebe, as to an undivided one-half interest, and Geska R. Linane, Susan S. Porter and Dorothy Ann Zabel Strebe, as to an undivided one-half interest (collectively "Master Lessor") , as lessor, and Landlord, as lessee, a memorandum of which was recorded in the Official Records of Riverside County on April 17, 1989 as Instrument No. 120381 and re- recorded on May 4, 1989 as Instrument No. 142779 , as further amended by that certain Amendment to Lease dated between the successor-in-interest to the Master Lessor and Landlord, and that certain Amended Memorandum of Lease and Purchase of Property dated between the successor-in-interest to the Master Lessor and Landlord and recorded in the Official Records of Riverside County on , 1991, as Instrument No. Landlord has leased from Master Lessor certain real property together with the, improvements located thereon and certain easements appurtenant thereto located in the City of Palm Springs, County of Riverside, State of California, as more particularly described in the attached Exhibit "A" (the "Property") . The Lease and Purchase Agreement and all of the amendments thereto are collectively referred to herein as the "Master Lease" . B. The term of the Master Lease expires on September 30, 1998 ("Master Lease Termination Date") . Pursuant to the Master Lease, Landlord is to purchase the Property from Master Lessor, and Master Lessor is to sell the Property to Landlord on the Master Lease Termination Date. C. Subject to the satisfaction of certain conditions precedent, Landlord desires to do the following: 1. Sublease to Tenant and Tenant desires to sublease from Landlord that portion of the Property shown on the Plot Plan attached hereto as Exhibit "B-111, commonly known as the Plaza Theater, located at 128 South Palm Canyon Drive in the City of Palm Springs, California and legally described in the attached Exhibit 11B-2" (the "Demised Premises") . RBS 081691 1 M 9423.3 L-THEATR. 'b J fir._ C�fsf MG', ' s�l'G1C'sJP � 2 . Grant to Tenant the non-exclusive license to use the following portions of the Property: (a) the area legally described in Exhibit "G", attached hereto, and depicted in Exhibit "B-411, attached hereto, (hereinafter referred to as the "Trash Bin Area") ; (b) the area legally described as Parcel 3 of Exhibit "A", attached hereto, and depicted in Exhibit "E", attached hereto, (hereinafter referred to as the "Driveway Area") . Exhibits "B-4111 "E" and "G" are incorporated herein by this reference. 3 . Grant to Tenant an exclusive license to use the cross hatched area on the Plot Plan attached hereto as Exhibit "B-311, hereinafter referred to as the "Courtyard" . Exhibit "B-3" is incorporated herein by this reference. D. A portion of the Demised Premises includes approximately ten (10) square feet of land which was acquired by the successor in interest to the Master Lessor from Plaza Investment Company ("Pitts") , the owner of fee title to the real property adjacent to the south and east of the Property, which Property is encumbered by the easement affecting the Driveway Area. Said portion of the Property (hereinafter the "Stage Door Property") was acquired by Landlord pursuant to the terms of that certain letter agreement dated December 19, 1989 (the "Pitts Letter Agreement") , Lot Line Adjustment No. LLA90-16 recorded in the Official Records of the County of Riverside on PPhrnary 1 1991 as Instrument No. 37105 that certain Grant Deed from Pitts to Landlord dated , 19_, and recorded in the Official Records for the County of Riverside on , 1991 as Instrument No. and the Amendment to Lease dated , 1991. Pursuant to the terms of the Pitts Letter Agreement and the above- referenced Grant Deed, Pitts has the right to purchase the Stage Door Property from Landlord should said Property no longer be required to satisfy Section 504 , Table 5A of the Uniform Building Code. E. On December 27 , 1990, by instrument recorded in the Official Records of Riverside County on February 7 , 1991 as Instrument No. 43600, the successors-in-interest to the Master Lessor granted to John Wessman, dba Wessman Development Company ("Wessman") , an easement to and for ingress and egress as necessary, together with the vehicular usage and other means of transportation as may be necessary from time to time to provide access of any future nature or kind over that portion of the Property within the Demised Premises depicted on the map attached hereto as Exhibit "D-1" and legally described in the attached Exhibit "D-2" and hereinafter referred to as the "North Corridor Area" . F. On November 27, 1990, by instrument recorded in the Official records of Riverside County on February 7 , 1991, as Instrument No. 43601, Pitts granted to John Wessman Corporation an M\9423.3\L-THEATR.jb\RES\081491 2 p p P �'L1 ;-1U jq;' 0 • easement for ingress and egress of pedestrians, equipment and vehicles over and across that portion of the Property depicted on the map attached hereto as Exhibit "G-1" and legally described in the attached Exhibit "G-2" and hereinafter referred to as the "Wessman Driveway Area" . G. On January 15, 1991, Landlord verbally granted to the tenant of that portion of the Property located at 124 South Palm Canyon Drive ("Louise's Pantry") the temporary right to use the Courtyard. H. Louise's Pantry is also currently using certain portions of the Courtyard for access to the Trash Bin Area. I. It is anticipated that certain alterations shall in the future be made to the Demised Premises during the term of this Lease by both Landlord and Tenant. NOW, THEREFORE, in consideration of the above Recitals and the mutual promises of the parties hereinafter set forth, Landlord and Tenant do hereby agree as follows: 1. FUNDAMENTAL LEASE PROVISIONS. Certain Fundamental Lease Provisions are presented in this Article and represent the agreement of the parties hereto, subject to further definition and elaboration in the respective referenced Articles and elsewhere in this Lease. In the event of any conflict between any Fundamental Lease Provision and the balance of this Lease, the latter shall control. References to specific Articles are for convenience only and designate some of the Articles where references to the particular Fundamental Lease Provisions may appear. (a) Property: The term "Property" as used herein shall refer to that certain real property located in the City of Palm Springs, County of Riverside, State of California, commonly referred to as 124, 128 and 132 South Palm Canyon Drive, as more particularly described in Paragraph A of the Recitals. (b) Demised Premises: The Demised Premises consist of that portion of the Property described in Paragraph C of the Recitals. The Demised Premises include the theater building improvements (the "Theater") and, upon the Karen's Korner Commencement Date (as defined in Article 37) , Karen's Korner. Landlord shall deliver the Demised Premises to Tenant and Tenant accepts the Demised Premises from Landlord, in its "AS IS" condition, except that the seats, carpet and curtains shall be in good repair and condition. Tenant accepts the Demised Premises subject to the rights of Landlord reserved herein, and Wessman and their respective successors-in- interest. M\9423.3\L-THEATR.jb\RBS\091891 3 - (c) Common Areas: The Common Areas consist of the Courtyard, the Trash Bin Area and the Driveway Area. During the term of this Lease, together with any extensions thereof, Tenant and Tenant's officers, employees, agents, successors, assigns, sub-tenants, licensees, customers and invitees shall have the following rights with respect to the Common Areas: (i) With respect to the Courtyard, the exclusive right to use the Courtyard for access to and from the Demised Premises, and for use in connection with Tenant's operation of its business on Karen's Korner. Such exclusive right shall be subject only to the right of the owner of the business conducted on Louise's Pantry and such owner's employees, customers, subtenants, assigns and successors in interest to use the Courtyard for access to and from Louise's Pantry and the Trash Bin Area; (ii) With respect to the Trash Bin Area, the non- exclusive right to use the Trash Bin Area for the disposal of trash generated by its use of the Demised Premises and Karen's Korner in common with Landlord and other present and future owners of the Property and their respective heirs, successors and assigns, agents, employees, tenants, subtenants, concessionaires, licensees, customers and invitees (hereinafter the "Permittees") ; (iii) With respect to the Driveway Area, the non- exclusive right to use the Driveway Area for vehicular ingress and egress in common with Landlord, Pitts, Wessman and their respective Permittees, and other present and future owners of the Property. Nothing herein contained shall be deemed to prevent Landlord from using or authorizing others to use said Common Areas for trash disposal, utility lines and appurtenances, pickups and deliveries to and from buildings within the Property, construction and similar purposes so long as such use does not substantially or materially interfere with Tenant's use of the Demised Premises and/or the business to be conducted by Tenant on the Demised Premises. This Lease shall be subject to any agreement existing as of the date of this Lease or subsequently placed upon the Property of which the Demised Premises are a part, which agreement provides for easements and restrictions pertaining to the Common Areas, and in the event of any conflict between the provisions of such agreement and this Lease, the provisions of such agreement shall prevail so long as any such provision would not work to either (i) prevent Tenant from using the Common Areas in the manner contemplated herein; or (ii) substantially or materially interfere with the business to be operated by M\9423.3\L-THEATR.jb\RBS\081491 4 0 0 Tenant on the Demised Premises. (d) (i) Approximate Floor Area of Theater (excluding the basement, mezzanine and exterior balcony) : 10, 111 square feet; and (ii) Approximate Floor Area of Karen's Korner (as hereinafter defined) : 685 square feet. (e) Tenant's Trade Name: TO BE DETERMINED BY LANDLORD. (See Article 3) . (f) Initial Term: September 1, 1991 - July 31, 1992 (See Article 4 (A) ) . (g) Extension Options: six (6) consecutive options as described in Article 4 . (h) Percentage Rental Rate: 10% (See Article 5) . (i) Use of Demised Premises: Tenant shall use the Demised Premises for the purpose of operating a first-class live theater with attendant facilities, including a box office, refreshment stand, souvenir stand and for no other use or purpose. (See Article 3) . The term live theater shall mean a theater which houses activities of the nature of musical performances, comedy performances, high quality films, stage plays, dance performances, concerts, children's theater, the "Celebrity Gallery" , the "Matinee Theater" and the "Evening of Performances" (as such terms are hereinafter defined) , lectures, readings or other presentations before an audience and such other uses incidental thereto, e.g. , rehearsals. (j ) Address for Notices: Landlord: Community Redevelopment Agency of the City of Palm Springs P.O. Box 1786 Palm Springs, California 92263 Attn: Executive Director Telephone: (619) 323-8197 Tenant: The Partnership for the C ae Arts, L.P. c/o Schlecht, Shevlin & Shoenberger, A Law Corporation (R. Brad Sevier) 101 East Tahquitz Canyon Way, Suite 100 Palm Springs, California 92262 Telephone: (619) 320-7161 (k) Party to pay utility costs: Tenant (See Article 18) . (1) Security Deposit: $10, 000. 00 (See Article 5H) . M\9423.3\L-THEATR.jb\RBS\091891 5 9 0 2 . EXHIBITS. The following drawings and special exhibits are attached hereto and made a part of this Lease: Exhibit "A" - Legal Description of Property Exhibit "B-1" - Plot Plan of Property Showing the Location of Demised Premises Exhibit "B-2" - Legal Description of Demised Premises Exhibit "B-3" - Depiction of the Courtyard Exhibit "B-4" - Depiction of the Trash Bin Area Exhibit "B-5" - Legal Description of Trash Bin Area Exhibit "C" - Construction Obligations Exhibit "D-1" - Plot Plan of North Corridor Area Exhibit "D-2" - Legal Description of North Corridor Area Exhibit "E" - Depiction of Driveway Area Exhibit "F" - Calculation of Buyout Amount Exhibit "G-1" - Map Depicting Wessman Driveway Area Exhibit "G-2" - Legal Description of Wessman Driveway Exhibit "H" - Commencement Date Certificate Exhibit "I" - Tenant's Estoppel Certificate Exhibit 11I-2" - Landlord's Estoppel Certificate Exhibit "J" - License Agreement Exhibit "K" - Schedule of Reserved Dates and Events Exhibit "L" - Rules and Regulations Exhibit "M" - Map of Karen's Korner Exhibit "N" - Legal Description of Karen's Korner Exhibit 110" - List of Equipment Exhibit "P" - Common Area Expense Budget Exhibit "Q" - Schedule of Performance Exhibit "R" - Memorandum of Sublease 3 . USE. Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the Demised Premises, with appurtenances as defined herein, for the purpose of conducting thereon only the use specified in Article 1 (i) of this Lease. 4 . TERM. (a) Initial Term. The initial term of this Lease ("Initial Term") shall commence on September 1, 1991 ("Commencement Date") and shall terminate on July 31, 1992 . (b) Option Term. As part of the consideration for the execution of this Lease, Landlord hereby grants to Tenant options to extend this Lease for the following additional periods ("Extended Terms" , individually "Extended Term") , upon the same terms and conditions herein: e M\9423.3\L—THEATR.jb\RBS\091891 6 1. August 1, 1992 through July 31, 1993 2 . August 1, 1993 through July 31, 1994 3 . August 1, 1994 through July 31, 1995 4 . August 1, 1995 through July 31, 1996 5 . August 1, 1996 through July 31, 1997 6. August 1, 1997 through September 30, 1998 As described in Recital Paragraph B above, Landlord is to purchase the Property from the Master Lessor upon the expiration of the term of the Master Lease. Subject to the rights of Wessman, as further consideration to Tenant for the execution of this Lease, Landlord hereby grants to Tenant options to extend the Lease for the following additional Extended Terms upon the same terms and conditions herein: 7 . October 1, 1998 through September 30, 1999 8 . October 1, 1999 through September 30, 2000 9 . October 1, 2000 through September 30, 2001 10. October 1, 2001 through September 30, 2002 11. October 1, 2002 through September 30, 2003 12 . October 1, 2003 through September 30, 2004 13 . October 1, 2004 through September 30, 2005 14 . October 1, 2005 through December 31, 2006 Tenant must give notice to Landlord of its exercise of each option ("Option Notice") not less than 60 days prior to the expiration of the Initial Term or any Extended Term, as the case may be. If Tenant is in default on the date of giving the Option Notice, the Option Notice shall be ineffective unless Tenant cures such default within 15 days of giving the Option Notice. If Tenant is in default on the date the Extended Term commences, the Extended Term shall automatically terminate (on the date specified below) unless Tenant has cured such default on or before the later to occur of the following: (1) The expiration of the applicable cure period (if any) following Tenant's receipt of notice from Landlord of the default; or (2) The fifteenth (15) day following the commencement of the Extended Term. The termination will be effective at 5: 00 o'clock P.M. on the later of the dates specified above. In the event that Tenant should fail to give any Option Notice as provided above, the Tenant's option to extend the term and any further option thereafter shall terminate and be of no further force or effect, without any further action by Landlord. Tenant shall not be permitted to exercise its option for any subsequent Extended Term, unless Tenant has exercised all previous options to extend the term of the Lease, unless Landlord waives such notice in M\9423.3\L-THEATR.jb\RBS\081491 7 • i writing. 5. RENTAL. (a) Percentage Rental. For each calendar month during the Initial Term (and any Extended Term) of this Lease, Tenant shall pay to Landlord, at the time and in the manner specified in Paragraph 5 (b) below, as "Percentage Rental" a sum equal to the product of the Percentage Rental Rate specified in Article 1 multiplied by the amount of Tenant's "Gross Sales" , as hereinafter defined, made in, upon or from the Demised Premises, during each month of the term hereof. In addition, upon the occurrence of the Karen's Korner Commencement Date, Tenant shall pay to Landlord Karen's Rental as provided in Article 38 . (b) Statement of Percentage Rental and Audit. Tenant shall furnish to Landlord a statement of the Gross Sales of Tenant for each calendar month within thirty (30) days after the close of each such calendar month during the term hereof. Tenant shall accompany each such statement with a payment to Landlord equal to the Percentage Rental due for such calendar month. Each statement shall be signed by a responsible officer of Tenant. The persons signing each such statement shall be deemed to have certified that to the best of his or her personal knowledge the information in such statement is true and correct. Tenant shall record at the time of sale, in the presence of the customer, all receipts from sales or other transactions, whether cash or credit made from a cash register or point of sale computer, having a cumulative retrievable total and which numbers consecutive purchases. Tenant shall also record at the time of receipt, all receipts from Events, including without limitation all receipts from ticket sales, the operation of the box office and concession areas and the rental of equipment and all receipts from the use of the Demised Premises (excluding Karen's Korner) by any licensee. Tenant shall prepare and keep full and accurate books of account, records and all cash register receipts, computer records, rent and license records with regard to the Gross Sales, credits, refunds and other pertinent transactions made from or upon the Demised Premises (including the Gross Sales of any subtenant, licensee or concessionaire) . Such books, receipts and records shall be kept for a period of not less than three (3) years after the close of each calendar year and without regard to whether the three (3) year period extends beyond the term of the Lease, and shall be available for inspection and audit on the Demised Premises during the term of the Lease by Landlord and its representatives at all times during regular hours. In addition, upon request of Landlord, Tenant shall furnish to Landlord a copy of all Tenant's (and of Tenant' s subtenants, licensees or concessionaires) Sales and Use Tax Returns if required to be filed in the state or county or city where the Property is located. The receipt by Landlord of any statement or payment of Percentage Rental for any period shall not bind it as to the M\9423.3\L-THEATR.jb\RBS\081491 8jy' r'1`:]Vu�:"�''�4 correctness of the statement or the payment. Landlord shall, within one (1) year after the receipt of any such statement, be entitled to an audit of such Gross Sales either by Landlord or by Landlord's representative to be designated. Such audit shall be conducted during normal business hours. If it shall be determined as a result of such audit that there has been a deficiency in the payment of Percentage Rental, then such deficiency shall become immediately due and payable with interest thereon at the rate specified in Article 5 (f) from the date when the Percentage Rental payment should have been made until the date paid. In addition, if Tenant shall be found to have understated Gross Sales by more than ten percent (10%) , then Tenant shall pay to Landlord all costs and expenses incurred by Landlord in making such audit and determining and collecting the underpayment. (c) Gross Sales. Except as limited below, the term "Gross Sales" as used herein, shall mean: (i) The total gross receipts received by Tenant and/or Tenant's subtenants, assigns or successors in interest (hereinafter collectively referred to as the "Theater Operators" and individually "Theater Operator") from Theater Ticket sales and theater concession sales (including food and beverage, souvenirs and programs) ; and (ii) Total fees received by the Theater Operators from licensing the Theater to third parties. Gross Sales shall include all such sales and/or licensing fees as described above, whether wholesale or retail, whether for cash or credit, (a) where the orders therefor originate in, at, from or arise out of, the use, in whole or in part, of any portion of the Theater, whether delivery or performances are made from the Theater or from some other place and regardless of the place of bookkeeping for payment of, or collection of, any account; or (b) made or performed on the Demised Premises, or by mail, telephone, or facsimile; or (c) made or performed by means of mechanical or other telephone booths or vending machines; or (d) which Theater Operators, in the normal and customary course of business, would credit or attribute to the operation of the Theater. Gross Sales shall not include gross receipts received by any licensee who operates or conducts an Event in the Theater pursuant to a license agreement with any of the Theater Operators, so long as no Theater Operator receives any portion of such gross receipts earned by such licensee. If any Theater Operator receives any portion of the gross receipts earned by a licensee from conducting an Event in the Theater, Tenant shall disclose such payment to Landlord and the amount of such payment shall be included in Gross Sales. M 9423.3 L-THEATR. 'b RBS 081491 9 Notwithstanding anything to the contrary contained herein, Gross Sales shall include gross receipts earned by a licensee which is an "Affiliate" as hereafter defined of any Theater Operator. The term "Affiliate" means any officer, director or partner of a partner of Tenant, or any person who directly or indirectly is controlled by Tenant, or who directly or indirectly controls Tenant, whether by ownership of voting securities (notwithstanding that such ownership is less than a majority) , by contract, or otherwise. Gross Sales shall also exclude the following: (a) The selling price of all merchandise, concession items or tickets returned by customers and accepted by the Theater Operator for full credit, or the amount of any discount or allowance made thereon; (b) all cash refunds made to customers and licensees in the ordinary course of business; (c) the full amount of any and all federal, state and/or local taxes or assessments payable by the Theater Operator by reason of any sales or fees contemplated herein; (d) any sales of fixtures used in Tenant's business; and (e) uncollected accounts receivable. (d) Additional Rental. For purposes of this Lease, all monetary obligations of Tenant under this Lease whether or not designated as additional rent, shall be deemed to be Additional Rental. (e) Late Payment. Tenant hereby acknowledges that late payment by Tenant to Landlord of rental or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which is extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges and late charges which may be imposed upon Landlord by the terms of the Master Lease or any mortgage or deed of trust covering the Demised Premises. Accordingly, any payment of any sum to be paid by Tenant not paid when within ten (10) days of its due date shall be subject to a five percent (5%) late charge. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for its loss suffered by such late payment by Tenant. This late payment charge shall not apply to payments made by Tenant to compensate for past deficient Rental payments pursuant to Article 5 (b) . (f) Interest. Any sum to be paid with interest at a rate designated by this Article 5F shall bear interest from and after the due date until paid at a rate equal to three percent (3%) over the reference rate being charged by Bank of America, N.A. per annum from time to time during such period so long as the rate does not exceed the maximum rate permitted by law in which case interest shall be at the maximum rate allowed by law at the time the sum became due. M\9423.3\L-THEATR.jb\RBS\081491 10 (g) Cost of Living Adjustment. The "Consumer Price Index" as used herein is the Consumer Price Index, All Urban Consumers (All Items) , for the Los Angeles-Anaheim-Riverside Metropolitan Area, published by the United States Department of Labor, Bureau of Labor Statistics (1982-84 = 100) . If both an official index and one or more unofficial indices are published, the official index shall be used. If said Consumer Price Index is no longer published at the adjustment date, it shall be constructed by conversion tables included in such new index. (h) Security Deposit. On or before the date specified in the Schedule of Performance, which is attached hereto as Exhibit "g" and incorporated herein by this reference, Tenant shall deposit $10, 000. 00 with Landlord as a security deposit. Said deposit shall be given to secure the faithful performance by the Tenant of all terms, covenants, and conditions of this Lease by the Tenant to be kept and performed during the Initial Term. Tenant agrees that if the Tenant shall fail to pay the rent herein reserved or any other sum required hereby promptly when due, said deposit may, at the option of the Landlord (but Landlord shall not be required to) be applied to any rent or other sum due and unpaid, and if the Tenant violates any of the other terms, covenants, and conditions of this Lease, said deposit may, at Landlord's option, be applied to any damages suffered by Landlord as a result of Tenant's default to the extent of the amount of the damages suffered. Nothing contained in this Section H shall in any way diminish or be construed as waiving any of the Landlord's other remedies as provided in Article 22 hereof, or by law or in equity. Should the entire security deposit, or any portion thereof, be appropriated and applied by Landlord for the payment ,of overdue rent or other sums due and payable to Landlord by Tenant hereunder, then Tenant shall, on the written demand of Landlord, forthwith remit to Landlord a sufficient amount in cash to restore said security deposit to its original amount and any increase provided in Article 41, and Tenant's failure to do so within five (5) days after receipt of such demand shall constitute a material breach of this Lease. Should Tenant comply with all of the terms, covenants, and conditions of this Lease during the Initial Term, said security deposit shall be returned in full to Tenant at the end of the Initial Term, or upon the earlier termination of this Lease as specified herein. (i) Payment of Rental. All rental to be paid by Tenant to Landlord shall be in lawful money of the United States of America at the address designated in Article 1 hereof, or such other address as Landlord shall notify Tenant in writing. 6. REAL ESTATE TAXES. In addition to all rentals herein reserved, Tenant shall pay to Landlord annual real estate taxes and assessments levied upon the Demised Premises and Karen's Korner (commencing as to Karen's Korner upon the Karen's Korner M\9423.3\L-THEATR.jb\RBS\081491 11 - pp 'CA'116�u Commencement Date as described in Article 37 below) and a pro rata share of annual real estate taxes and assessments levied upon the Common Areas. In addition, Tenant shall pay to Landlord any and all taxes, assessments, and fees which are levied and/or assessed in lieu of, in substitution for, or in addition to, existing real property taxes including, without limitation, assessments levied pursuant to the creation of an assessment district which covers the Demised Premises and/or Karen's Korner. Tenant shall also be responsible for the payment of any business tax which is levied against the businesses operated by Tenant on the Demised Premises and/or Karen's Korner. Notwithstanding the foregoing, Tenant shall not be obligated to pay for any tax, assessment, or fee of any nature whatsoever which is levied exclusively against Tenant, the Demised Premises, or Karen's Korner. Such amounts shall be payable within ten (10) days after receipt of a semi-annual statement to be sent by Landlord to Tenant setting forth the amount of such taxes, assessments and/or fees based upon the actual tax bill received by Landlord; or Landlord, at its option, shall have the right to estimate the amount of taxes, assessments and/or fees next due and to collect from Tenant on a monthly basis the amount of Tenant's estimated tax obligation. Within thirty (30) days following receipt of the actual tax bill, Landlord shall provide to Tenant a reconciliation of the amount owed by Tenant and the amount actually paid by Tenant. If Tenant has underpaid, Tenant shall pay the additional amount owed in a lump sum within twenty (20) days. If Tenant has overpaid, Landlord shall pay the amount of the overpayment to Tenant within twenty (20) days of Landlord's receipt of the actual tax bill. Even though the term of this Lease has expired and Tenant has vacated the Demised Premises, when the final determination is made of Tenant's share of such taxes and assessments, Tenant shall immediately pay to Landlord the amount of any additional sum owed, and any overpayment shall immediately be paid by Landlord to Tenant. In the event that said real property taxes and assessments are not separately levied or assessed against the Demised Premises and/or the Common Areas, Landlord shall prorate the real property taxes and assessments levied against the tax parcel in which the Demised Premises and/or the Common Areas are situated, to the Demised Premises and the Common Areas in any reasonable manner. An allocation based upon the ratio that the total Floor Area of the Demised Premises bears to the total Floor Area within the relevant tax parcel or parcels, as to that portion of such tax or assessment allocated to building improvements, and based on the ratio that the number of square feet of land area within the Demised Premises and/or the Common Areas bears to the number of square feet of land area covered by the relevant tax statement or statements as to that portion of such tax or assessment allocable to land, exclusive of building improvements, or any combination thereof, shall be deemed to be a reasonable allocation for the purposes of this section. The term "Floor Area" as used herein shall mean and refer to the actual number of square feet of floor space within the Demised Premises (or other building improvement) as measured from the exterior of exterior walls and M\9423.3\L-THEATR.jb\RBS\081491 12_1 II"II Y�PiQ, the center line of common walls, and, with respect to the tax parcel in which the Demised Premises are situated the actual number of square feet of floor space (exclusive of any space on mezzanines, and basements and on exterior balconies within the exterior faces of building walls and measured from the center of common walls, but excluding outside sales and/or seating areas whether or not roofed or enclosed and truck ramps and/or docks, trash storage and compaction areas. The term "Floor Area" shall not include three dimensional pop out store fronts or outside sales or food consumption areas that extend beyond the building lines of buildings. For the purposes of making any proration or allocation to be made under this Lease based upon Floor Area, Landlord may conclusively assume that the Floor Area of the Demised Premises is the estimated Floor Area specified in Article 1 (d) above. Notwithstanding anything to the contrary contained in this Article 6 , Tenant's obligations under this Article 6 with respect to that portion of the Demised Premises other than Karen's Korner shall not commence until the first Extended Term of this Lease. 7 . PERSONAL PROPERTY TAXES. During the term hereof Tenant shall pay prior to delinquency all taxes assessed against and levied upon fixtures, furnishings, equipment and all other personal property owned by Tenant located in the Demised Premises, and when possible Tenant shall cause said fixtures, furnishings, equipment and other personal property to be assessed and billed separately from the real property of Landlord. In the event any or all of the Tenant's fixtures, furnishings, equipment and other personal property shall be assessed and taxed with the Landlord's real property, the Tenant shall' pay to Landlord its share of such taxes within ten (10) days after delivery to Tenant by Landlord of a statement in writing setting forth the amount of such taxes applicable to the Tenant's property. 8 . CONSTRUCTION. Landlord and Tenant agree to construct, at each party's sole cost and expense, the improvements described in Exhibit "C", which is attached hereto and incorporated herein by this reference, within the time specified in the Schedule of Performance. 9. USES PROHIBITED. Tenant shall not use, or permit the Demised Premises, or any part thereof, to be used for any purpose or purposes other than the express purpose or purposes for which the Demised Premises are hereby leased pursuant to Article 1 (i) hereinabove, or carry on its business other than under the trade name designated in Article l (e) . Tenant may, however, sell or cause to be sold alcoholic beverages provided that it obtains all necessary permits and licenses, and complies with all applicable laws, statutes and regulations concerning the sale of alcoholic beverages. Tenant shall not sell or permit to be kept, used, displayed, performed or sold in or about the Demised Premises (a) M\9423.3\L-THEATR.jb\RBS\081691 13 rr pornographic or sexually explicit books, magazines, literature, films, drama, printed material, sexual paraphernalia, or other material or media which would be considered lewd, obscene or licentious, or (b) any article which may be prohibited by standard forms of fire insurance policies. Tenant shall not use, or permit to be used, any portion of the Demised Premises for the installation or use of any vending machine, gaming machine or video or arcade game unless expressly permitted by this Lease. No use shall be made or permitted which conflicts with the Master Lease. Tenant shall comply with any and all requirements, pertaining to the use of the Demised Premises, of any insurance organization or company necessary for the maintenance of reasonable fire and public liability insurance, covering the buildings within the Demised Premises and appurtenances. Tenant shall not commit, or suffer to be committed, any waste upon the Demised Premises, or any nuisance or other act or thing which may disturb the quiet enjoyment of any other tenant or occupant of the Property. Tenant shall not conduct or permit to be conducted any sale by auction in, upon or from the Demised Premises, whether said auction be voluntary, involuntary, pursuant to any assignment for the payment of creditors, or pursuant to any bankruptcy or other solvency proceeding nor display any "going out of business" or similar sign. Tenant shall not engage in any activity in, on or about the Demised Premises that violates any Environmental Law, and shall promptly, at Tenant's sole cost and expense, take all investigatory and/or remedial action required or ordered by any governmental agency or Environmental Law for clean-up and. removal of any contamination involving any Hazardous Material created or caused directly or indirectly by Tenant. The term "Environmental Law" shall mean any federal, state or local law, statute, ordinance or regulation pertaining to health, industrial hygiene or the environmental conditions on, under or about the Demised Premises, including, without limitation, (i) the Comprehensive Environmental Response, Compensation and Liability Act of 1980 ("CERCLA") , 42 U.S. C. Sections 9601, et seq. ; (ii) the Resource Conservation and Recovery Act of 1976 ("RCRA") , 42 U. S.C. Sections 6901, et seq. ; (iii) California Health and Safety Code Sections 25100, et seq. ; (iv) the Safe Drinking Water and Toxic Enforcement Act of 1986, California Health and Safety Code Section 25249 . 5, et seq. ; (v) California Health and Safety Code Section 25359 . 7 ; (vi) California Health and Safety Code Section 25915; (vii) the Federal Water Pollution Control Act, 33 U.S.C. Sections 1317 , et seq. ; (viii) California Water Code Section 1300, et seq. ; and (ix) California Civil Code Section 3479 , et seq. , as such laws are amended and the regulations and administrative codes applicable thereto. The term "Hazardous Material" includes, without limitation, any material or substance which is (i) defined or listed as a "hazardous waste" , "extremely hazardous waste" , "restrictive hazardous waste" or "hazardous substance" or considered a waste, condition of pollution M\9423.3\L—THEATR.jb\RBS\081491 14 ,,:,;'If.';".'?' ',Y_ ?.)tad,,il;,,y• :; , \ _� or nuisance under the Environmental Laws; (ii) petroleum or a petroleum product or fraction thereof; (iii) asbestos; and/or (iv) substances known by the State of California to cause cancer and/or reproductive toxicity. It is the intent of the parties hereto to construe the terms "Hazardous Materials" and "Environmental Laws" in their broadest sense. Tenant shall provide all notices required pursuant to the Safe Drinking Water and Toxic Enforcement Act of 1986, California Health and Safety Code Section 25249 . 5, et seq. Tenant shall provide prompt written notice to Landlord of the existence of Hazardous Materials on the Demised Premises and all notices of violation of the Environmental Laws received by Tenant. 10. ALTERATIONS. Except as contemplated in Exhibit "C", Article 11 and Articles 42 and 44 , Tenant shall not make, or suffer to be made, any structural alterations to the Demised Premises, or any part thereof, or the building(s) within the Demised Premises or the improvements within the Common Areas or change the appearance of the building(s) within the Demised Premises without the prior written consent of Landlord. If Tenant wishes to make additional improvements to the Demised Premises, Tenant shall notify Landlord in writing. Within fifteen (15) days of receiving such notice from Tenant, Landlord shall send written notice to Tenant indicating whether Landlord approves or disapproves of the contemplated improvements. Landlord's approval shall not be unreasonably withheld. Any alterations to the Demised Premises and/or the Common Areas, except movable furniture and trade fixtures, shall become at once a part of the realty and shall at the expiration or earlier termination of this Lease belong to Landlord. Tenant shall not in any event make any changes to the exterior of the Demised Premises. Any such alterations shall be in conformance with the requirements of all municipal, state, federal, and other governmental authorities, including requirements pertaining to the health, welfare or safety of employees or the public and in conformance with reasonable rules and regulations of Landlord. Any and all fixtures and appurtenances installed by Tenant shall conform with the requirements of all municipal, state, federal, and governmental authorities including requirements pertaining to the health, welfare, or safety of employees or the public. All improvements to be made to the Demised Premises which require the approval of Landlord shall be under the supervision of a competent architect or competent licensed structural engineer and made in accordance with plans and specifications approved in writing by Landlord before the commencement of such work. All work with respect to any improvements shall be done in a good and workmanlike manner and diligently prosecuted to completion so that the Demised Premises shall at all times be a complete unit except during the period of work. Upon completion of such work, Tenant shall file for record in the office of the County Recorder for the County in which the Property is located a Notice of Completion as required or permitted by law. Such improvements shall not be removed by Tenant M\9423.3\L-THEATR.jb\RBS\081491 15 ;0j;j"IY.�.jg;�i,.,�� fj • 0 but shall at once become a part of the Demised Premises and be surrendered therewith. As a condition to granting its approval to any of the improvements, Landlord may require Tenant to provide Landlord with reasonably satisfactory evidence of Tenant's financial ability to pay for the costs of the improvements and to complete the same as required by this Lease. 11. MAINTENANCE AND REPAIR. (a) Maintenance and Repair by Tenant. Landlord shall deliver the Demised Premises and Karen's Korner to Tenant in good and sanitary order, condition and repair. Tenant shall, subject to Landlord's obligations hereinafter provided, at all times during the term hereof, and at Tenant's sole cost and expense, keep, maintain and repair the Demised Premises, the Theater and any other building within the Demised Premises, and other improvements within the Demised Premises in good and sanitary order, condition, and repair (except as hereinafter provided) , including any equipment installed by Tenant, all signs, locks and closing devices, all window sashes, casements and frames, doors and door frames, floor coverings, and carpeting. Tenant shall periodically sweep and clean the sidewalks adjacent to the Demised Premises, as needed. Tenant agrees on the last day of said term or sooner termination of this Lease to surrender the Demised Premises with appurtenances in a good, clean and sanitary condition, reasonable use and wear thereof and damage by fire, act of God or by the elements excepted. Tenant agrees to surrender the Demised Premises in its original condition following the completion of the "Landlord's Work" and "Tenant's Work" as described in Exhibit "C", together with all additional improvements which have been approved by Landlord and installed by Tenant pursuant to Article 10 above. If Landlord wishes to reserve the right to require Tenant to remove any such additional improvements (i. e. , improvements other than those described in Exhibit "C") upon the expiration or earlier termination of this Lease, Landlord must reserve such right in its notice of approval (which is described in Article 10 above) . If Tenant is required to remove any improvements from the Demised Premises upon the expiration or earlier termination of this Lease, Tenant shall do so at Tenant's sole cost and expense, and Tenant will repair any damage to the Demised Premises caused by such removal. (b) Maintenance and Repair by Landlord. Notwithstanding anything to the contrary contained in Section 11A, Landlord shall maintain in good repair, at Landlord's sole cost and expense, all of the following: (1) the exterior and exterior walls, roof, floor, and all other structural portions of all buildings located on the Demised Premises; (2) all electrical wiring, conduits, pipes and plumbing which are located on the Demised Premises and/or which serve the Demised Premises; (3) the various utilities which serve the Demised Premises; (4) the heating and air-conditioning M\9423.3\L-THEATR.jb\RBS\081491 16 system which serves the Demised Premises. Landlord shall not be responsible for maintaining or replacing the drapes, seats or carpet located in the Theater. Landlord shall not be required to make repairs necessitated by reason of the negligence of Tenant or anyone claiming under Tenant, or by reason of the failure of Tenant to perform or observe the conditions or agreements in this Lease contained, or caused by unauthorized alterations, additions or improvements made by Tenant or anyone claiming under Tenant. The term "exterior walls" , as used in this Section, shall include plate glass, window cases or window frames. Tenant agrees that it will not, nor will it authorize any person to, go onto the roof of the building of which the Demised Premises are a part without the prior written consent of Landlord. Said consent will be given only upon Landlord's satisfaction that any repairs necessitated as a result of Tenant's action will be made by Tenant at Tenant's expense and will be made in such a manner so as not to invalidate any guarantee relating to said roof or otherwise violate the terms of the Master Lease. Landlord shall not be required to make any repairs described herein unless and until Tenant has notified Landlord of the need for such repairs and Landlord shall have had a reasonable period of time thereafter to commence and complete said repairs. However, Landlord shall make a good-faith effort to make all repairs required of Landlord herein and requested by Tenant in an expeditious manner in order to minimize the negative impact of such disrepairs on Tenant's business. (c) Maintenance of Common Areas. During the term of this Lease, Landlord shall maintain the Common Areas, excepting the Courtyard, and shall repair damage to the facilities therein. Notwithstanding the foregoing, Landlord shall not be required to make any repair to the Common Area unless and until Landlord has been notified by Tenant or by another tenant on the Property of the need of such repairs and Landlord shall have had a reasonable period of time thereafter to commence and complete said repairs. Tenant shall reimburse Landlord for Tenant's pro rata share of the maintenance costs and expenses incurred by Landlord in maintaining said Common Areas no later than ten (10) days after receipt of a quarterly statement from Landlord setting forth the amount of such costs incurred by Landlord during the previous quarter. Tenant's pro rata share of Common Area expenses shall be consistent with the Common Area Expense Budget attached hereto as Exhibit "P" . Tenant shall not be obligated to pay any Common area expenses which accrue or are incurred by Landlord prior to the date upon which Tenant opens the Theater for business. (d) Maintenance of Courtyard. During the term of this Lease, Tenant shall maintain the Courtyard in a clean and attractive condition at Tenant's sole cost and expense. However, Landlord shall make any and all repairs, at Landlord's sole cost and expense, to any structural portions of the Courtyard, including, without limitation, to any tiled or concrete flooring and to the interior of the walls extending along the perimeter of M\9423.3\L—THEATR.jb\RBS\081491 17 ava the Courtyard, which may become necessary to maintain the Courtyard in an attractive and safe condition. Tenant's obligations under this Article 11 shall commence on the date upon which the Theater opens for business. 12 . COMPLIANCE WITH LAWS. Tenant shall, at his sole cost and expense, comply with all of the requirements of all municipal, state and federal authorities now in force or which may hereafter be in force pertaining to the use of the Demised Premises and/or any of the Common Areas, and shall faithfully observe in said use all municipal ordinances, including, but not limited to, the General Plan and zoning ordinances, state and federal statutes, or other governmental regulations now in force or which shall hereinafter be in force. The judgment of any court of competent jurisdiction, or the admission of Tenant in any action or proceeding against Tenant, whether Landlord be a party thereto or not, that Tenant has violated any such order or statute in said use, shall be conclusive of that fact as between the Landlord and Tenant. 13 . INSURANCE. (a) Landlord to Provide Property Insurance. Landlord shall maintain, at Landlord's sole cost and expense, fire, earthquake and extended coverage insurance throughout the term of this Lease, on all buildings and improvements located on the Demised Premises (and fixtures thereto, including, but not limited to, the drapes and seats located in the Theater) , Karen's Korner and the Common areas, in an amount equal to one hundred percent (100%) of the replacement value of the Demised Premises and Karen's Korner (including the Improvements to be constructed by Landlord and Tenant as specified in Exhibit "C") and the Common Areas, together with such other insurance, coverages and endorsements as may be required by Master Lessor and/or Landlord's lender, or as Landlord may determine in its sole discretion. Tenant hereby waives any right of recovery from Landlord, its officers and employees, and Landlord hereby waives any right of loss or damage (including consequential loss) resulting from any of the perils insured against as a result of said insurance. (b) Tenant to Provide Other Insurance. (i) Food Preparation. Tenant, if involved in food preparation and sales as a cafe, restaurant, or similar use, and/or food takeout service, shall install at Tenant's expense any fire protective systems in grill, deep fry, and cooking areas which are required by city, county, and state fire ordinances, and such system when installed shall qualify for full fire protective credits allowed by the fire insurance rating and regulatory body in whose jurisdiction the Demised M\9423.3\L—THEATR.jb\RBS\081491 18 pul (k- !Tod 4)1j'ii'6u lr Premises are located. (ii) Tenant to Provide Personal Property Insurance. Tenant, at its expense, shall maintain fire and extended coverage insurance written on a per occurrence basis on all of its trade fixtures, equipment, personal property and inventory within the Demised Premises from loss or damage to the extent of their full replacement value. (iii) Tenant to Provide Liability Insurance. During the entire term of this Lease, the Tenant shall, at the Tenant's sole cost and expense, for the mutual benefit of Landlord and Tenant, maintain comprehensive general liability insurance insuring against claims for bodily injury, death or property damage occurring in, upon or about the Demised Premises, Karen's Korner and the Courtyard, written on a per occurrence basis in an amount not less than either (i) a combined single limit of ONE MILLION DOLLARS ($1, 000, 000. 00) for bodily injury, death, and property damage or (ii) bodily injury limits of $500, 000. 00 per person, $1, 000, 000. 00 per occurrence and $1, 000, 000. 00 products and completed operations and property damage limits of $250, 000 . 00 per occurrence and $1, 000, 000. 00 in the aggregate. Tenant shall not be responsible for providing liability coverage for the Common Areas other than the Courtyard. (iv) Tenant to Provide Worker's Compensation Insurance. Tenant shall, at the Tenant's sole cost and expense, maintain a policy of worker's compensation insurance in an amount as will fully comply with the laws of the State of California and which shall indemnify, insure and provide legal defense for both the Tenant and the Landlord against any loss, claim or damage arising from any injuries or occupational diseases occurring to any worker employed by or any persons retained by the Tenant in the course of conducting Tenant's business in the Demised Premises. (v) General Provisions Applicable to Tenant's Insurance. All of the policies of insurance required to be procured by Tenant pursuant to this Section 13B shall be primary insurance and shall name Landlord, its officers, employees and agents, and the Master Lessor as additional insureds. The insurers shall waive all rights of contribution they may have against the Master Lessor and the Landlord, its officers, employees and agents and their respective insurers. All of said policies of insurance shall provide that said insurance may not be amended or canceled without providing 30 days prior written notice by registered mail to Landlord. Prior to the Initial Term Commencement Date or such earlier date as Tenant takes possession of the Demised Premises for any purpose, and at least 30 days prior to the expiration of any insurance policy, Tenant shall provide Landlord with M\9423.3\L-THEATR.jb\RBS\081491 19 rtlp�yii;�g,jg,_��_ 'I-".- 1, 1 certificates of insurance or appropriate insurance binders evidencing the above insurance coverages written by insurance companies acceptable to Landlord, licensed to do business in the state where the Demised Premises are located and rated A:VII or better by Best's Insurance Guide. In the event the Risk Manager of Landlord ("Risk Manager") determines that the Tenant's activities in the Demised Premises creates an increased or decreased risk of loss to the Landlord, Tenant agrees that the minimum limits of any insurance policy required to be obtained by Tenant may be changed accordingly upon receipt of written notice from the Risk Manager; provided that Tenant shall have the right to appeal a determination of increased coverage by the Risk Manager to the City Council of Landlord within ten (10) days of receipt of notice from the Risk Manager. Landlord and Tenant hereby waive any rights each may have against the other on account of any loss or damage occasioned by property damage to the Demised Premises, its contents, or Tenant's trade fixtures, equipment, personal property or inventory arising from any risk generally covered by insurance against the perils of fire, extended coverage, vandalism, malicious mischief, theft, sprinkler damage, and earthquake sprinkler leakage. Each of the parties, on behalf of their respective insurance companies insuring such property of either Landlord or Tenant against such loss, waive any right of subrogation that it may have against the other. The foregoing waivers of subrogation shall be operative only so long as available in California and provided further that no policy is invalidated thereby. (vi) Electrical Overloading. If Tenant installs upon the Demised Premises any electrical equipment which constitutes an overload of the electrical lines of the premises, Tenant shall, at its own expense, make whatever changes are necessary to comply with the requirements of the insurance underwriters and any governmental authority having jurisdiction thereof, but nothing herein contained shall be deemed to constitute Landlord's consent to such overloading. Tenant shall, at its own expense, comply with all requirements, including the installation of fire extinguishers or automatic dry-chemical extinguishing system, of the insurance underwriters or any governmental authority having jurisdiction thereof, necessary for the maintenance of fire and extended coverage insurance for the premises. 14 . INDEMNIFICATION OF LANDLORD. Tenant will indemnify, defend and hold Landlord, Master Lessor and if required by Landlord, any other third party which may assist Landlord in its efforts to rename the Theater and/or raise sufficient funds for the renovation and/or acquisition of fee title to the Property, which third party shall be designated by Landlord in written notice to Theater ("Donor") exempt and harmless from and against any damage M\9423.3\L-THEATR.jb\RBS\081491 20 �f� NJ�UJI 'lu'��o e,ICa�VUu 0 or injury to any person or property arising out of Tenant's use of the Demised Premises and/or the Common Areas, except that such indemnification shall not apply to (1) any claim for injury to any person or property which is caused by the negligence or willful misconduct of Landlord, Master Lessor or Donor; or (2) any claim(s) of the tenant of Louise's Pantry or such tenant's employees, agents, invitee's or successors in interest, or the employees, agents, or invitee's of any such successor in interest which arises out of the use of any portion of the Common Areas by any such person or entity in the normal course of the business operated on the Louise's Pantry property, excepting any such claims arising out of the negligence or willful misconduct of Tenant. Landlord will indemnify, defend and hold Tenant exempt and harmless from and against any damage or injury to any person or property arising from the use of the Demised Premises and/or the Common Areas by Landlord or any third party pursuant to Article 34, except that such indemnification provision shall not apply to any claim for injury to any person or property which is caused by the negligence or willful misconduct of Tenant. As used in this Article 14, the phrase "use of the Demised Premises and/or the Common Areas" contemplates the actual physical use of the Demised Premises and/or the Common Areas. 15. FREE FROM LIENS. Tenant shall keep the Demised Premises, the buildings within the Demised Premises, the property on which the Demised Premises are situated, the Common Areas and the Equipment (as hereinafter defined) free from any liens arising out of any work performed, material furnished, or obligation incurred by Tenant or alleged to have been incurred by Tenant. If Tenant shall fail to pay any charge for which a mechanic's lien claim and suit to foreclose the lien have been filed, and shall not have obtained the release of said lien from the property subject to such lien, Landlord may (but shall not be so required to) pay said claim and any costs, and the amount so paid, together with reasonable attorneys' fees incurred in connection therewith, shall be immediately due and owing from Tenant to Landlord, together with interest at the rate prescribed in Article 5F, on the amount of the mechanic's lien claim. 16. ABANDONMENT. Tenant shall not vacate or abandon the Demised Premises at any time during the term of this Lease; and if Tenant shall abandon, vacate or surrender the Demised Premises or be dispossessed by process of law, or otherwise, any personal property belonging to Tenant and left on the Demised Premises shall be deemed to be abandoned, at the option of Landlord, except such property as may be mortgaged to Landlord. 17 . SIGNS. Landlord covenants that all signs which are currently located on the exterior of the Demised Premises shall M\9423.3\L-THEATR.jb\RBS\081491 21 \ ii uu it:E iiv , remain on the Demised Premises during the term of this Lease (and during any extensions thereof) for use by Tenant in connection with Tenant's business. Tenant shall not place or permit to be placed any additional signs upon the exterior or in the windows of the Demised Premises, or the Common Areas, without Landlord's prior written consent. Any sign installed without such approval shall be immediately removed by Tenant and, if said sign is not removed by Tenant within three (3) days of written notice from Landlord to Tenant, then Landlord may remove and destroy said sign without Tenant's approval and without any liability to Tenant. 18 . UTILITIES. Beginning on the date upon which Tenant opens the Theater for business, Tenant shall pay before delinquency all charges for water, gas, heat, electricity, power, sewer, telephone service, trash removal and all other services and utilities used in, upon, or about the Demised Premises by Tenant or any of its subtenants, licensees, or concessionaires during the term of this Lease. 19 . ENTRY AND INSPECTION. Tenant shall permit Landlord and his agents to enter into and upon the Demised Premises at all reasonable times for the purpose of inspecting the same or for the purpose of maintaining the building(s) within the Demised Premises, or for the purpose of making repairs, alterations or additions or performing the Improvements to any portion of said building(s) , including the erection and maintenance of such scaffolding, canopy, fences and props as may be required, or for the purpose of posting notices of non-responsibility for alterations, additions or repairs, or for the purpose of placing upon the Property in which the Demised Premises are located any usual or ordinary "For Sale" signs or any signs for public safety as determined by Landlord. Landlord shall be permitted to do any of the above without any rebate of rent and without any liability to Tenant for any loss of occupation or quiet enjoyment of the Demised Premises thereby occasioned. Tenant shall permit Landlord, at any time within six (6) months prior to the expiration of this Lease (as the same may have been extended pursuant to Article 4 above) , to place upon the Demised Premises any usual or ordinary "For Lease" signs, and during such six (6) month period Landlord or his agents may, during normal business hours, enter upon said Demised Premises and exhibit same to prospective tenants. 20 . CASUALTY. (a) Notice to Landlord. Tenant shall give prompt notice to Landlord in case of any fire or other damage to the Demised Premises (including Karen's Korner, if made a part of the Demised Premises) , the Common Areas or the building(s) constituting a portion thereof. M\9423.3\L-THEATR.jb\RBS\081491 22 0 0 (b) Partial Casualty to Demised Premises. If the Demised Premises (including Karen's Korner, if made a part of the Demised Premises) shall be damaged by any casualty including, but not limited to, a fire, flood or earthquake, such that (i) the cost of replacement or repair of the Theater is less than or equal to 50% of the total replacement cost thereof; or (ii) the cost of replacement or repair of damage to the Theater, Karen's Korner (if a part of the Demised Premises) and any other structures comprising the Demised Premises, when aggregated together is less than or equal to 50% of the total replacement cost thereof, then Landlord shall promptly repair and restore the same (including all of the real property improvements constructed by Landlord and/or Tenant) to substantially the condition thereof immediately prior to said damage or destruction. If insurance proceeds are forthcoming, Landlord shall not be obligated to commence the restoration and/or repair until Landlord has received said insurance proceeds. Landlord shall take all reasonable steps necessary so as to obtain such insurance proceeds promptly so as to prevent delay in restoring and/or repairing the Demised Premises to its prior condition. (c) Substantial CasualtV to Demised Premises. If the Demised Premises (including Karen's Korner, if made a part of the Demised Premises) shall be damaged or destroyed by any casualty such that (i) the cost of replacement or repair of the Theater exceeds 50% of the total replacement cost thereof; or (ii) the cost of replacement or repair of damage to the Theater, Karen's Korner (if a part of the Demised Premises) and any of the other structures comprising the Demised Premises, when aggregated together exceeds 50% of the total replacement cost thereof, then Landlord may elect to either replace or repair the damage as aforesaid, or to cancel this Lease by written notice of cancellation given to Tenant within 90 days after the date of the casualty. This Lease shall cease and terminate 20 days following Tenant's receipt of Landlord's cancellation notice, and Tenant shall vacate and surrender the Demised Premises to Landlord in accordance with the terms of this Lease. In determining the cost of replacement of the Theater, Karen's Korner or any other portion of the Demised Premises, the cost of foundations and footings shall not be included, except to the extent of the cost of repair thereto required by such casualty damage or destruction. If Landlord elects to cancel this Lease pursuant to this paragraph (c) of Article 20, and Landlord shall pay to Tenant a sum (hereinafter referred to as the "Buyout Amount") to be calculated in accordance with the formula stated in Exhibit "F", which is attached hereto and incorporated herein by this reference. (d) Reconstruction. In the event of any reconstruction of the Demised Premises under this Article 20, said reconstruction shall substantially conform to the work described in Exhibit "C" to the extent that the reconstruction replaces such work. Landlord shall be obligated to reconstruct the Demised Premises to the M\9423.3\L—THEATR.jb\RBS\081491 23 _ , (�h9i Iblr��� '�Po ra 1 i �ds r.f�ii extent of the condition of the Demised Premises prior to the damage. (e) Termination. Upon any termination of this Lease under any of the provisions of this Section, the parties shall be released thereby without further obligations to the other party coincident with the surrender of possession of the Demised Premises to Landlord, except for obligations which have theretofore accrued and be then unpaid, including Landlord's obligation to pay to Tenant the Buyout Amount described in paragraph (c) of this Article 20. If Landlord cancels this Lease pursuant to paragraph (c) of this Article 20, then Landlord shall first use any proceeds from Landlord's fire and extended coverage insurance (obtained pursuant to Article 13) received by Landlord to pay to Tenant the Buyout Amount. (f) Karen's Korner Rent Abatement. In the event of repair, reconstruction and restoration to the Demised Premises by Landlord as provided in this Section 20, the Karen's Korner Rental, if any, shall be abated proportionately with the degree to which Tenant's use of Karen's Korner is impaired commencing from the date of destruction and continuing during the period of Landlord's repair, reconstruction or restoration of the Premises. Tenant shall continue the operation of its business on the Demised Premises during any such period to the extent reasonably practicable from the standpoint of prudent business management, and the obligation of Tenant to pay Percentage Rental shall remain in full force and effect. Tenant shall not be entitled to any compensation or damages from Landlord for loss of the use of the whole or any part of the Demised Premises or Tenant's personal property, or for any inconvenience or annoyance occasioned by such damage, repair, reconstruction or restoration. 21. ASSIGNMENT AND SUBLETTING. Tenant shall not sublet or assign this Lease without the prior written consent of Landlord. Landlord shall not unreasonably withhold its consent to an assignment or sublease to a proposed assignee or sublessee. In no event shall Landlord be required to approve of any assignment or sublease which would result in a violation of any other agreements to which Landlord or the City of Palm Springs is a party and/or which Landlord in its opinion believes would obstruct its efforts to rename the Theater and/or to raise sufficient funds for the renovation of the Theater and/or acquisition of fee title to the Property and/or for which all of the following criteria are not met: (a) The proposed assignee or sublessee has submitted to Landlord financial statements showing that the proposed assignee's or sublessee's financial condition, including net worth and liquidity, is equal to or greater than Tenant's financial condition; (b) the proposed assignee or sublessee is morally and financially responsible; (c) Tenant is not in default in the payment of rent or the performance of any obligations of Tenant M\9423.3\L-THEATR.jb\RBS\091891 24 ----4 0vl, dismissed within sixty (60) days after filing; or (viii) the attachment, execution or other judicial seizure of all or substantially all of the assets of Tenant or Tenant's leasehold where such an attachment, execution or seizure is not discharged within sixty (60) days. In the event of any such default or breach by Tenant, Landlord may at any time thereafter, without further notice or demand, rectify or cure such default, and any sums expended by Landlord for such purposes shall be paid by Tenant to Landlord upon demand and as additional rental hereunder. In the event of any such default or breach by Tenant, Landlord shall have the right to continue the lease in full force and effect and enforce all of its rights and remedies under this Lease, including the right to recover the rental as it becomes due under this Lease or Landlord shall have the right at any time thereafter to elect to terminate the Lease and Tenant's right to possession thereunder. Upon such termination, Landlord shall have the right to recover from Tenant: a) The worth at the time of award of the unpaid rental which had been earned at the time of termination; b) The worth at the time of award of the amount by which the unpaid rental which would have been earned after termination until the time of award exceeds the amount of such rental loss that the Tenant proves could have been reasonably avoided; and c) The worth at the time of award of the amount by which the unpaid rental for the balance of the term after the time of award exceeds the amount of such rental loss that the Tenant proves could be reasonably avoided. The "worth at the time of award" of the amounts referred to in subparagraphs (i) , (ii) and (iii) above shall be computed by allowing interest (or by discounting in the case of subparagraph (iii) ) at three percent (3%) over the prime rate then being charged by Bank of America, N.A. but in no event greater than the maximum rate permitted by law. As used in this Lease "rental" shall include the Karen's Korner Rental, if any, Percentage Rental, other sums payable hereunder which are designated "rental" or "Additional Rental" and any other sums payable hereunder on a regular basis such as reimbursement for real estate taxes. All such sums, other than the Karen's Korner Rental, shall be computed on the basis of the average monthly amount thereof accruing during any preceding twelve (12) month period selected by Landlord, except that if it becomes necessary to compute such rental before such a twelve (12) month period has occurred, then such rental shall be computed on the basis of the average monthly amount hereof accruing during such shorter period. n M\9423.3\L-THEATR.jb\RBS\081491 26 ! It under this Lease; and (d) the proposed assignee or sublessee, in the Landlord's judgment, has adequate experience in the operation of a theater similar to that located on the Demised Premises. Any such assignment shall be subject to all of the terms and conditions of this Lease, including, but not limited to, any restriction on use and trade name pursuant to the provisions hereof, and the proposed assignee or sublessee shall assume the obligations of Tenant under this Lease in writing in form satisfactory to Landlord. The proposed assignee or sublessee shall simultaneously provide to Landlord an estoppel certificate in the form described in Article 26 hereafter. Consent by Landlord to one assignment or subletting shall not be deemed to be a consent to any subsequent assignment or subletting. Any assignment or subletting without the prior written consent of Landlord shall be void, shall constitute a material breach of this Lease, and shall, at the option of Landlord, terminate this Lease. Neither this Lease nor any interest therein shall be assignable as to the interest of Tenant by operation of law. Landlord shall be under no obligation to consider a request for Landlord's consent to an assignment or sublease until Tenant shall have submitted in writing to Landlord a request for Landlord's consent to such assignment or sublease, a history of the proposed assignee's or sublessee's business experience and such other information as required by Landlord to verify that the criteria set forth herein are met. 22 . DEFAULT AND REMEDIES. (a) Default by' Tenant. In addition to the defaults described in Article 21 hereinabove, the occurrence of any one or more of the following events shall constitute a default and breach of this Lease by Tenant: (i) the failure to pay any rental or other payment required hereunder to or on behalf of Landlord within 10 days after receiving notice from Landlord of Tenant's failure to pay any such rental or other payment required hereunder at the time or within the times herein specified for such payment; (ii) the failure to perform any of Tenant's agreements or obligations hereunder (exclusive of a default in the payment of money) where such default shall continue for a period of ten (10) days after written notice thereof from Landlord to Tenant which notice shall be deemed to be the statutory notice so long as such notice complies with statutory requirements; (iii) the vacation or abandonment of the Demised Premises by Tenant; (iv) the making by Tenant of a general assignment for the benefit of creditors; (v) the filing by Tenant of a voluntary petition in bankruptcy or the adjudication of Tenant as a bankrupt; (vi) the appointment of a receiver to take possession of all or substantially all the assets of Tenant located at the Demised Premises or of Tenant's leasehold interest in the Demised Premises; (vii) the filing by any creditor of Tenant of an involuntary petition in bankruptcy which i�s not ) M\9423.3\L-THEATR.jb\RBS\081491 25 _ P' Such efforts as Landlord may make to mitigate the damages caused by Tenant's breach of this Lease shall not constitute a waiver of Landlord's right to recover damages against Tenant hereunder. Notwithstanding any of the foregoing, the breach of this Lease by Tenant, or an abandonment of the Demised Premises by Tenant, shall not constitute a termination of this Lease, or of Tenant's right of possession hereunder, unless and until Landlord elects to do so, and until such time Landlord shall have the right to enforce all of its rights and remedies under this Lease, including the right to recover rent, and all other payments to be made by Tenant hereunder, as they become due. Failure of Landlord to terminate this Lease shall not prevent Landlord from later terminating this Lease or constitute a waiver of Landlord's right to do so. (b) No Waiver. Acceptance of rental hereunder shall not be deemed a waiver of any default or a waiver of any of Landlord's remedies. (c) Landlord's Default. Landlord shall not be in default unless Landlord fails to perform obligations required of Landlord within a reasonable time, but in no event later than thirty (30) days after written notice by Tenant to Landlord, specifying wherein Landlord has failed to perform such obligation; provided, however, that if the nature of Landlord's obligation is such that more than thirty (30) days are required for performance then Landlord shall not be deemed in default if Landlord commences performance within the 30-day period and thereafter diligently prosecutes the same to completion. 23 . SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, and shall, at the option of Landlord, terminate all or any existing subleases or subtenancies or licensees, or may, at the option of Landlord, operate as an assignment to it of any or all of such subleases or subtenancies. 24 . OPENING DATE AND HOURS OF BUSINESS. Tenant shall open the Theater for business on or before the date specified in the Schedule for Performance attached hereto as Exhibit "Q" . Subject to the provisions of Article 20 hereof, Tenant shall continuously during the entire term hereof conduct and carry on Tenant's business in the Demised Premises in a manner as is customary for businesses of like character. Landlord and Tenant acknowledge that Tenant shall make a good faith effort to schedule Events during the hours and on the days shown on the "Master Calendar" (as described in Article 32) . @ !F� M 9423.3 L—THEATR. b RBS 081491 27 � � 7 � � laG'iEllilVN.jd6C plpr._`s�`,rrk., � ;,e` 25. FORCE MAJEURE. If either party hereto shall be delayed or prevented from the performance of any act required hereunder by reason of acts of God, strikes, lockouts, labor troubles, inability to procure materials, restrictive governmental laws or regulations or other cause without fault and beyond the control of the party obligated (financial inability excepted) , performance of such act shall be excused for the period of the delay and the period for the performance of any such act shall be extended for a period equivalent to the period of such delay; provided, however, nothing in this Article 25 contained shall excuse Tenant from the prompt payment of any rental required of Tenant hereunder. 26 . ESTOPPEL CERTIFICATE. If, as a result of a proposed sale, assignment, or hypothecation of the Demised Premises or the land thereunder by Landlord, or at any other time, an estoppel certificate shall be requested of Tenant, Tenant agrees, within twenty (20) days thereafter, to deliver such estoppel certificate in the form attached hereto as Exhibit "I" addressed to any existing or proposed mortgagee or proposed purchaser, and to the Landlord. Landlord and such mortgagee and purchaser shall have the right to rely on such estoppel certificate. If, as a result of a proposed assignment of this Lease by Tenant, in accordance with the terms of this Lease, an estoppel certificate shall be requested of Landlord, Landlord agrees, within twenty (20) days thereafter, to deliver such estoppel certificate in the form attached hereto as Exhibit 11I-2" addressed to any existing or proposed assignee or interested mortgagee, and to the Tenant. Tenant and such assignee and mortgagee shall have the right to rely on such estoppel certificate. 27 . CONDEMNATION. In the event a condemnation or transfer in lieu thereof results in a taking of any substantial and/or material portion of the Demised Premises Landlord or Tenant may, upon written notice given to the other party within thirty (30) days after such taking or transfer in lieu thereof, terminate this Lease. In connection therewith, Landlord and Tenant acknowledge that: (a) Landlord (and/or the City of Palm Springs) possesses the power to take the Demised Premises and Karen's Korner through eminent domain proceedings; (b) The business to be conducted by Tenant upon the Demised Premises and Karen's Korner is unique and that if Tenant must vacate the Demised Premises and Karen's Korner, it will be extremely impractical, if not impossible, for Tenant to operate its business elsewhere. Therefore, upon such termination Tenant shall have the right to claim and recover from the Landlord and/or the condemning authority the greater of the following: C\�/ M\9423.3\L-THEATR.jb\RBs\081491 28.,1 i (a) A sum equal to the fair market value of the business conducted by Tenant upon the Demised Premises and Karen's Korner as of the date the Lease is terminated pursuant to this Article 27 (such sum shall include, but not be limited to, the value of Tenant's leasehold, the value of all fixtures installed by Tenant which cannot be removed without damage to the fixtures or which Landlord and Tenant agree shall not be removed, and the value of any goodwill established as of the date of termination) ; (b) An amount equal to the Buyout Amount which Landlord would be obligated to pay to Tenant pursuant to paragraph (c) of Article 20 if Landlord were to cancel this Lease due to casualty damage during the same month in which the condemnation (or transfer in lieu thereof) contemplated in this Article 27 occurs. If Landlord and Tenant fail to agree upon the fair market value of Tenant's business, the dispute shall be submitted to, and resolved by, binding arbitration. 28 . BUDGETS, PLANS AND OTHER EVENTS. (a) On or before the date specified in the Schedule of Performance, Tenant shall prepare and submit to Landlord for approval an operating and production budget (the "Operating Budget") covering the Initial Term, which budget shall set forth a line item for all the costs and expenses to be incurred during the Initial Term by Tenant in operating the Theater, maintaining the Demised Premises (to the extent the Tenant is required to do so) , producing the "Matinee Performances" (as defined in Article 47) , engaging third-party production companies and talent to conduct the "Evening Performances" (as defined in Article 47) and operating the Celebrity Gallery. The Operating Budget shall cover all costs incurred for salaries and benefits of all theater staff; including the technical director, any box office manager and administrative secretary; administrative services; supplies; institutional advertising and promotion; photographic expenses; publications; contract services; postage; travel, scenery and lighting. Tenant shall represent to Landlord that the information contained in the Operating Budget is a good-faith estimate of the items contained therein. Landlord shall notify Tenant of its approval or disapproval of the Operating Budget on or before the date specified in the Schedule of Performance. Landlord' s approval shall not be unreasonably withheld. If Landlord disapproves of the Operating Budget, said notice shall contain Landlord's objections and, if Landlord's objections are reasonable, Tenant shall correct the same. Landlord shall approve the revised Operating Budget within fifteen (15) days of receiving M\9423.3\L-THEATR.jb\RBS\081491 29 - ., \� x_ the same from Tenant. (b) Tenant shall prepare and submit to Landlord for approval a construction budget for the Improvements described in Exhibit "C" (the "Construction Budget") on or before the date specified in the Schedule of Performance. The Construction Budget shall set forth a line item for all the costs and expenses to be incurred by Tenant in connection with such construction, including without limitation the costs of performing the construction and installation of such improvements, the costs of any licensed engineers, design professionals and inspectors reasonably necessary to design and inspect the Improvements and to process any applications therefor, all permit fees, inspection fees and bond premiums necessary to complete the work. The Construction Budget shall also cover all costs and expenses required to be incurred by Tenant in order to fixturize and equip the Demised Premises, including the Karen's Korner. Tenant shall represent to Landlord that the information contained in the Construction Budget is a good-faith estimate of the items contained therein. Landlord shall notify Tenant of its approval or disapproval of the Construction Budget on or before the date specified in the Schedule of Performance. Landlord's approval shall not be unreasonably withheld. If Landlord disapproves of the Construction Budget, said notice shall specifically identify why Landlord disapproves of the Construction Budget. If Landlord's disapproval is reasonable, Tenant shall revise the Construction Budget and Landlord shall approve the revised Construction Budget within fifteen (15) days of receiving the same from Tenant. (c) On or before the date specified in the Schedule of Performance, Tenant shall, at Tenant's expense, cause to be prepared and submitted to Landlord for approval (which approval shall not be unreasonably withheld) , plans and specifications and working drawings ("Plans") prepared by an architect duly licensed in the State of California, showing in detail the location and nature of the Improvements to be constructed by Tenant as described in Exhibit "C" . Landlord shall notify Tenant of its approval or disapproval of the Plans on or before the date specified in the Schedule of Performance. If Landlord disapproves of the Plans, said notice to Tenant shall specifically describe why Landlord disapproves of the Plans. If Landlord's disapproval is reasonable, Tenant shall revise the Plans and Landlord shall approve the revised Plans within fifteen (15) days of receiving the same from Tenant. The approval by Landlord hereunder shall not constitute an approval by the City of Palm Springs or any representation that the plans and specifications have been prepared in accordance with applicable laws, regulations, rules and orders . 30 M\9423.3\L-THEATR.jb\RBS\081491 -- (d) On or before the date specified in the Schedule of Performance, Landlord shall notify Louise's Pantry that its right to use the Courtyard shall terminate 30 days after the date of said notice. (e) On or before the date specified in the Schedule of Performance, Landlord shall exercise its right to cancel all rights of Metropolitan Theaters Corporation ("Metropolitan") to use the Demised Premises effective upon the date specified in the Schedule of Performance. Landlord shall take any steps necessary to insure that Metropolitan has vacated the Demised Premises on or before the date specified in the Schedule of Performance, leaving the Demised Premises vacant and ready for occupancy by Tenant thereafter. (f) On or before the date specified in the Schedule of Performance, Landlord shall perform any and all work necessary to insure that the electrical system which serves the Theater, including, without limitation, the electrical wiring, conduits and electrical outlets, is adequate to meet the electrical demands of a "legitimate theater" , as defined in Article 1 (i) . (g) Tenant shall obtain a policy of title insurance insuring Tenant's subleasehold estate and appurtenant rights as contemplated in this Lease. (h) On or before the date specified in the Schedule of Performance, Landlord and Tenant shall execute and record a Memorandum of Sublease, in substantially the same form as Exhibit "R" attached hereto and incorporated herein by this reference. 29. PERFORMANCE BY TENANT. Tenant covenants with Landlord to furnish its best skill and judgment and the services of its organization and to cooperate with Landlord and to endeavor to perform its duties and obligations under this Lease in an efficient, expeditious, and economical manner, with the intent of maximizing the "Gross Sales" which may be generated from the operation of the Demised Premises, and in such a manner so as to effect and promote the operation of the Theater as a first-class theater. Tenant shall also cooperate with Landlord and with any third party which may assist Landlord in its efforts to raise funds for the renovation of the Theater and the acquisition of fee title to the Property so as to maximize the donations which may result from such efforts. In such regard, Landlord and Tenant further agree to cooperate with each other to make any modifications to this Lease consistent with the intentions of the parties as expressed herein, which may be reasonably requested by Donor, the McMillion Group and/or any other third party, which may assist Landlord in its efforts to rename the Theater and/or to raise sufficient funds for the renovation of the Theater and the M\9423.3\L-THEATR.jb\RBS\081491 31 ' ' acquisition of fee title to the Property. Tenant agrees to meet with Landlord from time to time to discuss and develop possible changes to the types of events and performances to be shown at the Theater. 30. EMPLOY PERSONNEL. Tenant shall provide adequate and experienced personnel to perform the duties and obligations of Tenant as described in this Lease. Tenant's representative who will have the primary day-to-day responsibility for the operation of the Demised Premises shall be Riff Markowitz , or any appropriate officer of the general partner of the Tenant ("Responsible Party") . The Responsible Party shall be responsible for hiring, supervising and training all of Tenant's employees and staff members performing services relating to the Theater. All such personnel shall be employees or independent contractors of Tenant and not of Landlord. Such employees shall include without limitation stage hands, electricians, sound technicians, carpenters, spotlight operators, grips, a box office manager and technical director. Employees of Tenant who are responsible for or who have access to money shall be bonded in the amount of One Hundred Thousand Dollars ($100, 000 . 00) by a fidelity bond company acceptable to Landlord at the expense of Tenant. Evidence of such bonding will be supplied to Landlord prior to the date specified in the Schedule of Performance. 31. LICENSE AGREEMENTS. Notwithstanding anything to the contrary contained in Article 21 of this Lease, Tenant may license the use of the Theater to third parties on a temporary basis solely for the purpose of conducting an Event, subject to the satisfaction of the following conditions: (a) The license agreement to be entered into between Tenant, as licensor, and the licensee shall be in the form attached hereto as Exhibit "J" (the "License Agreement") and shall be subject only to such modifications, deletions and/or strike-outs as are approved by Landlord, such approval not to be unreasonably withheld. (b) The nature of the Event shall be consistent with the terms of this Lease and with the restrictions set forth herein and the License Agreement and shall otherwise be subject to the approval of Landlord. 32 . MASTER CALENDAR. Tenant shall maintain a calendar of all of the Events scheduled for the Theater (the "Master Calendar") and shall make the same available for inspection by Landlord and the general public during regular business days and hours. The Master Calendar shall be updated by Tenant no less frequently than monthly and shall reflect all of the Events for which the use of the Theater has been licensed in accordance with the terms of Article 31 above. M 9423.3 L-THEATR. b RBS 081491 32 f^ k,, 1 33 . ADVERTISING. Tenant shall promote the Events within the Theater through advertising, marketing and public relations programs. Tenant shall cause the Responsible Party to interact and correspond with Landlord, the City of Palm Springs, and upon the request of Landlord, public and private agencies, third party donors and any endowment board for the Theater which may hereafter be formed in an effort to promote the usage of the Theater and the Gross Sales generated thereby. Tenant shall not use Landlord's name, Donor's name or the name of any third party which may assist Landlord in its efforts to raise funds to renovate the Theater and/or acquire fee title to the Property in any such advertising or promotion without Landlord's consent; provided, however, that in the event the Theater is renamed in connection with Landlord and the Donor's efforts to raise funds to renovate or acquire the Theater, this restriction shall not prevent Tenant from using the name of the Theater in its advertising or promotion. Tenant shall periodically meet Landlord upon Landlord's request, and shall have a marketing plan for review and comment by Landlord. Tenant shall spend not less than the amount indicated on the line item for advertising shown on the Budget approved by Landlord during the Initial Term. 34 . RESERVATION OF LANDLORD'S USE OF DEMISED PREMISES AND EQUIPMENT. (a) Use on Unscheduled Days on Thirty (30) Days Notice. Landlord reserves the exclusive right to use the Demised Premises and the Equipment on any date for which the use of the Theater has not previously been scheduled on the Master Calendar thirty (30) days prior thereto for the purpose of conducting an Event, permitting the City of Palm Springs, Donor and/or any other third party which may be assisting Landlord in its efforts to raise funds for the renovation of the Theater and/or acquisition of fee title to the Property to use the Theater for the purpose of conducting an Event. Any party using the Demised Premises pursuant to this Article 34 shall be required to enter into a license agreement with Tenant in substantially the same form as the License Agreement attached as Exhibit "J". The License Agreement shall provide that Landlord, the City of Palm Springs, Donor or third party pay to Tenant only those expenses actually incurred by Tenant by reason of such use by Landlord, the City of Palm Springs, Donor or other third party of the Demised Premises (excluding management expenses, overhead, tax accounting expenses and legal expenses) and no other expenses or charges. (b) Use for Particular Events. Additionally, Landlord hereby reserves the exclusive right to use the Demised Premises and the Equipment on the dates described in the attached Exhibit "K" during the Initial Term. No later than M\9423.3\L-THEATR.jb\RBS\081491 33 ninety (90) days prior to each and every Extended Term, if any, Landlord shall notify Tenant in writing of the dates upon which the Events described on Exhibit "K" have been scheduled during such Extended Term, and Landlord shall have the right to use the Demised Premises on said dates for the purpose of conducting or permitting such described Events to be conducted unless Tenant has already scheduled the use of the Theater on any such dates at the time Landlord notifies Tenant in writing of such dates. No later than ten days after receiving Landlord's notice of such preferred dates, Tenant shall notify Landlord in writing of such dates on which Tenant has previously scheduled the use of the Theater. No later than ten days thereafter, Landlord and Tenant shall meet for the purpose of resolving any conflicts concerning the dates on which both parties desire to use and/or license the use of the Demised Premises. Landlord's use of the Demised Premises and the expenses and/or charges to be paid by Landlord shall be governed by a License Agreement to be entered into between Landlord and Tenant, as described in Article 34 (a) . (c) Use for Fund-raising Activities. on or before June 1, of each calendar year, Landlord shall notify Tenant of the dates upon which Landlord, the City, Donor and/or any other third party which may assist Landlord in its efforts to raise funds for the renovation of the Theater and/or acquisition of fee title to the Property desires to obtain the exclusive right to use the Demised Premises for the purpose of conducting an Event during the "Season" (as hereinafter defined) . No later than ten (10) days thereafter, Tenant shall notify Landlord in writing of such dates, if any, on which Tenant has previously scheduled the use of the Theater. No later than ten (10) days thereafter, Landlord and Tenant shall meet for the purpose of scheduling the use of the Demised Premises on the Master Calendar and resolving any conflicts concerning the date(s) on which both parties desire to use and/or license the use of the Demised Premises. Any dates which Landlord notifies Tenant of its desire to use (or to schedule on behalf of City, Donor and/or any such third party) and which have not been previously scheduled by Tenant on the Master Calendar shall be scheduled on the Master Calendar by Tenant and reserved exclusively for Landlord. The use of the Demised Premises by Landlord, the City, the Donor and/or any other third party pursuant to this paragraph C of Article 34, and the expenses and charges to be paid by such party, shall be governed by a License Agreement to be entered into between such party and Tenant, as described in Article 34A. Notwithstanding anything to the contrary contained in this Lease, Landlord, the City, Donor and/or any other third party will not be permitted to use the Demised Premises for an unreasonable number of days during any calendar year in their efforts to raise funds for the renovation of the Theater and/or the acquisition of fee title to the Property. M\9423.3\L-THEATR.jb\RBS\081491 34 ' e rn /1�y 35 . RULES AND REGULATIONS. Attached hereto as Exhibit "L" are the Rules and Regulations adopted by Landlord and Tenant for the operation of the Theater. In the event of any conflict between such Rules and Regulations and this Lease, this Lease shall control. From time to time, Tenant may submit to Landlord for approval modifications to the Rules and Regulations, which approval shall not be unreasonably withheld. Tenant shall cause all persons, including all licensees and concessionaires, using the Demised Premises and the Theater, to comply with the Rules and Regulations. 36 . OPERATION OF BOX OFFICE. Tenant shall maintain or cause to be maintained and operated a box office on the Demised Premises for the sale of tickets for all Events held in the Theater, or any portion thereof, to which admission is regulated by the delivery of a ticket. Tenant shall cause the box office to interface its operations with commercially-owned-and-operated computerized ticket companies. Tenant may charge its licensees a reasonable service charge for providing box office services, including, if applicable, charges for the printing of tickets, phone, credit card or mail service. Notwithstanding anything to the contrary contained in Article 5 of this Lease, those revenues from the sale of tickets which are required under the terms of any License Agreement to be paid to a licensee other than Tenant or any of its Affiliates shall be excluded from Gross Sales. 37 . EXPANSION OF THE DEMISED PREMISES. Tenant desires that the Demised Premises include that portion of the Property adjacent to the Demised Premises depicted on the map attached hereto as Exhibit "M" and commonly known as 132 South Palm Canyon Drive and legally described in the attached Exhibit "N" ("Karen's Korner") , together with the right to use the Courtyard for the purpose of carrying on Tenant's business during the term of this Lease. Landlord and Tenant each acknowledge that Karen's Korner is currently subject to the terms of a lease agreement (the "Existing Lease") , the terms of which may be terminated after July 31, 1991, by Landlord providing thirty (30) days prior written notice to the tenant thereunder. Landlord shall send such written notice to the Tenant under the Existing Lease on or before the date specified in the Schedule of Performance indicating that the Existing Lease shall terminate effective thirty (30) days after the date of said notice. Upon the termination of the Existing Lease and the vacation by such tenant from Karen's Korner, Landlord shall perform any work necessary to put Karen's Korner in broom-clean condition. Such work shall be performed and completed by Landlord on or before the date specified in the Schedule of Performance. Tenant shall then submit plans pertaining to the renovation of Karen's Korner to Landlord and shall perform such renovation in accordance with Article 43 . The date upon which Tenant shall be obligated to pay f wr, M\9423.3\L-THEATR.jb\RBS\081491 35 Karen's Korner Rental (as hereinafter defined) and upon which Karen's Korner shall become part of the Demised Premises, shall be the date upon which Tenant has completed the Improvements to Karen's Korner which are described in Exhibit "C" and has commenced business in Karen's Korner (the "Karen's Korner Commencement Date") . The term of Tenant's Lease with respect to Karen's Korner shall be the remaining term for the Demised Premises, together with any extensions thereof. 38 . CALCULATION OF MONTHLY RENT ATTRIBUTABLE TO KAREN'S KORNER. The monthly rental attributable to Karen's Korner (the "Karen's Korner Rental") shall be an amount equal to ONE THOUSAND FOUR HUNDRED TWENTY-FIVE DOLLARS ($1, 425. 00) and shall be payable in advance on the first day of each calendar month. Should the Karen's Korner Rental Commencement Date occur other than on the first day of the calendar month, the Karen's Korner Rental shall be prorated and the proportionate amount of such Karen's Korner Rental due for such partial calendar month shall be due and payable on the first day of the full calendar month following the Karen's Korner Rental Commencement Date. 39. ADJUSTMENT TO KAREN'S KORNER RENTAL. On each anniversary of the Karen's Korner Rental Commencement Date, the Karen's Korner Rental shall be adjusted in proportions to changes in the Consumer Price Index, but in no event shall the Karen' s Korner Rental be reduced to an amount less than that effective immediately preceding such adjustment. The Karen's Korner Rental payable by Tenant each month during the previous Lease Year shall be multiplied by a fraction, the numerator of which is the value of the Consumer Price Index for the calendar month three (3) months preceding the then anniversary of the Karen's Korner Rental Commencement Date and the denominator of which is the value of the Consumer Price Index for the same calendar month immediately prior to the Karen's Korner Rental Commencement Date, or the prior anniversary of the Karen's Korner Rental Commencement Date, as the case may be. 40. INCREASE IN SECURITY DEPOSIT AND INSURANCE CERTIFICATE. Within three (3) days of the Karen's Korner Rental Commencement Date, Tenant shall deliver to Landlord (a) the additional sum of TWO THOUSAND NINE HUNDRED DOLLARS ($2 , 900. 00) as an increase in the security deposit held by Landlord in accordance with Article 5 and (b) Certificates of Insurance or insurance binders for insurance required by Article 13 relating to Karen's Korner. 41. USE OF KAREN'S KORNER. Notwithstanding anything to the contrary contained in Article 1 or Article 3 , or Article 9 , Karen's Korner shall be used solely for the purpose of operating an imprimatur gift shop and food service emporium in/on Karen's Korner M\9423.3\L—THEATR.jb\RBS\O81491 36 riI,',goi,i, 1 ' r, and in the Courtyard, under the trade name of "Pop's" , and for no other use or purpose. 42 . CONSTRUCTION OF KAREN'S KORNER. Tenant, at its sole cost and expense, shall construct, install and timely complete on a lien-free basis those improvements to Karen's Korner which are described in Exhibit "C". 43 . APPROVAL BY LANDLORD OF PLANS FOR KAREN'S KORNER. Prior to commencing any work of construction, Tenant, at its sole cost and expense, shall cause to be prepared and submitted to Landlord a site plan showing the location and nature of the improvements to be constructed by Tenant within the Karen's Korner, together with preliminary plans and specifications for such work, prepared by an architect duly licensed in the State of California, for Landlord's approval, which approval shall not be unreasonably withheld. Tenant shall submit such plans to Landlord within 14 days after Landlord delivers Karen's Korner to Tenant in broom-clean condition. Landlord shall have fourteen (14) days from its receipt thereof to approve or disapprove the site plan and the preliminary plans. In the event of any disapproval, Landlord shall specify the reasons therefor. Within thirty (30) days of receipt of Landlord's approval or disapproval of the preliminary plans, Tenant shall supply Landlord with complete, final and detailed plans and specifications for the Karen's Korner consistent with the preliminary plans approved by Landlord and prepared by Tenant's architect. Promptly following the approval by Landlord of the final plans and specifications and working drawings, Tenant shall submit the same to all 'appropriate governmental agencies for approval. The approval by Landlord hereunder shall not constitute an approval by the City of Palm Springs or any representation that the plans have been prepared in accordance with applicable laws, regulations, rules and orders. Any modifications required by any governmental agency as a condition to its approval of the same, shall also be subject to Landlord's approval. Tenant shall promptly commence with the construction of the Karen's Korner Improvements upon receiving all necessary approvals of the plans and specifications from the City and from Landlord. 44 . CONSTRUCTION. Tenant, at its own cost, shall procure and pay for the building permits and all other governmental approvals needed to undertake construction of the improvements to Karen's Korner in accordance with the final plans and specifications approved by Landlord. Within fourteen (14) days following Tenant' s obtaining such permits, Tenant shall commence construction of such improvements. All such improvements shall be constructed in a good and workmanlike manner and in conformance with the plans and specifications approved by Landlord and all appropriate governmental authorities. During the course of construction, M\9423.3\L-THEATR.jb\RBS\081491 37 �",�. � Landlord and its authorized representatives may, but are not obligated to, enter Karen's Korner to inspect the construction in progress and to ensure themselves that the work is proceeding in accordance with the plans and specifications. If during such inspections, Landlord should discover that deviations from the plans and specifications are occurring in the construction, Landlord may promptly notify Tenant of the same, specifying in detail the deviations observed and Tenant shall cause such deviations to be remedied within a reasonable period of time. Any and all improvements which are made by Tenant to Karen's Korner, subject to the provisions of Article 45, shall remain a part of the Demised Premises and shall be surrendered therewith at the end of the term hereof or sooner termination of this Lease. 45. TRADE FIXTURES. Tenant shall, at its own cost and expense, install and equip the Demised Premises (including Karen's Korner if, and when, it is made a part of the Demised Premises) , with all furniture, fixtures, trade fixtures, equipment and personal property reasonably required for the operation of Tenant's business. Any and all fixtures and appurtenances installed by Tenant shall conform with the requirements of all municipal, state, federal, and governmental authorities including requirements pertaining to the health, welfare, or safety of employees or the public. All furniture and fixtures installed by Tenant shall remain the property of Tenant during the term of this Lease provided that Tenant shall not be entitled to remove any fixtures including, without limitation, heating, security systems, ventilation, air-conditioning ducts, compressors, equipment and systems, lighting fixtures, electrical systems, bathroom fixtures and booths during the term hereof without Landlord's prior written consent, which consent may be withheld or granted in Landlord's sole discretion. All trade fixtures and equipment installed by Tenant in the Demised Premises and/or Karen's Korner shall be of first class operating state, as determined by Landlord, and of good quality. On the expiration of the term of this Lease or upon any earlier termination hereof, Tenant shall remove at its own expense all trade fixtures, equipment and personal property upon the Demised Premises and/or Karen's Korner, provided that if Tenant is in default, Landlord may prohibit such removal by notice in writing to Tenant. If, at the end of the Lease Term or earlier termination as is herein provided, Tenant has left any merchandise, furniture, equipment, signs, trade fixtures or other personal property in or about the Demised Premises, Landlord may give Tenant written notice to remove such property. In the event such property is not removed within ten (10) days of the date of said notice, Landlord may dispose of said property in any manner whatsoever and Tenant hereby waives any claim or right to said property or any proceeds derived from the sale thereof. Any damage to the Demised Premises or Karen's Korner resulting from the installation or removal of any of said trade fixtures or equipment shall be repaired by or at the cost of Tenant. M\9423.3\L-THEATR.jb\RBS\081491 38Vi"Vi-{ejll ili'J hr Pr` �I"C';PP4P 46. NOTICE AND NON-RESPONSIBILITY. Prior to commencing any work of improvement hereunder, Tenant shall notify Landlord so that Landlord can post and record an appropriate Notice of Non- responsibility. 47 . MINIMUM EVENTS TO BE CONDUCTED WITHIN THEATER. Tenant shall cause the following Events to be conducted from the Theater during the term of this Lease: (a) The minimum number of Matinee Theater Performances during the Initial Term shall be sixteen (16) ; (b) The minimum number of Evening Performances during the Initial Term shall be fifteen (15) ; (c) The minimum number of Matinee Performances during each Extension Term shall be thirty-two (32) ; (d) The minimum number of Evening Performances during each Extension Term shall be thirty (30) . The term "Evening Performance" as used herein shall mean any operation of the Theater during the evening hours. The term "Matinee Performance" shall mean any operation of the Theater during the daytime hours. 48 . "PAPERING" THE THEATER. Without Landlord's approval, Tenant shall be permitted to "paper" the Theater or distribute without charge not more than ten (10) unsold tickets for such Event in order to fill the seats within the Theater on the day or evening of such Event. In the event Tenant desires to "paper" in excess of ten (10) or more unsold tickets for such Event, it may do so only with Landlord's approval, which approval shall not be unreasonably withheld. Tickets given to non-profit organizations shall not be counted for purposes of this limitation, so long as Tenant specifically marks such tickets in a manner which clearly identifies them as free tickets. 49 . EQUIPMENT. During the term of this Lease, Tenant shall store the equipment described in the attached Exhibit 110" owned by Landlord ("Equipment") as an accommodation to Landlord. Tenant shall have the right to use such Equipment in connection with the operation of the Theater. Upon the expiration or earlier termination of this Lease, Tenant shall return the Equipment to Landlord in good condition, repair and working order, ordinary wear and tear resulting from the proper use thereof alone excepted. M\9423.3\L-THEATR.jb\RBS\081491 39 V pp rr �o)i C pp 50. TITLE TO THE EQUIPMENT. Title to the Equipment hereunder shall remain in Landlord. Landlord shall be permitted to display its ownership by affixing to the Equipment or any item thereof, on an identification plate, label or other marking stating that the Equipment is owned by Landlord. 51. REMOVAL AND INSPECTION. Landlord shall have the right at all times during regular business hours to enter the Demised Premises in order to inspect the Equipment. The Equipment shall not be removed from the Demised Premises without the prior written consent of Landlord. 52 . ALTERATIONS. Tenant shall have the right to make alterations, additions or improvements to the Equipment with Landlord's prior written consent. Any additions and improvements of whatever kind or nature made to the Equipment shall immediately become the property of Landlord and subject to the terms of this Lease. 53 . LOSS AND DAMAGE. Landlord shall bear all risk of loss or damage to the Equipment from any cause whatsoever, whether or not insured, except to the extent such loss or damage is caused by the negligence or willful misconduct of Tenant. Landlord shall, at its own expense, keep the Equipment insured in the same manner as Tenant is required to insure Tenant's personal property pursuant to Section 13 (b) . 54 . TAXES. Landlord shall pay all sales taxes, use taxes, excise taxes, personal property taxes and ad valorem taxes, assessments and all other governmental charges, fee, fines or penalties, whether payable by Landlord or Tenant or others relating to the Equipment or the use registration, rental, shipment, transportation, delivery or operation thereof, other than federal or state income and franchise taxes of Landlord, and Tenant shall file all returns required therefor and furnish copies thereof to Landlord. 55. ADDITIONAL REMEDIES RELATING TO EQUIPMENT. Upon the default by Tenant of any term of this Lease, in addition to any other remedies available to Landlord under Article 22 , Landlord may, without notice to or demand upon Tenant, enter in the Demised Premises and repossess all or any portion of the Equipment, disconnecting and separating it from any and all other property and using all force necessary or permitted by applicable law, and elect any of the following: (a) lease the same or any portion thereof, for such period, rental and to such persons as Landlord shall elect and apply the proceeds of any such leasing, after deducting all M\9423.3\L-THEATR.jb\RBS\081491 40 rluUi,!i!�JC'viL �'�'l�sUhf"Ih''.i'AV � !)i' costs and expenses incurred in connection with the recovery, repair, storage and leasing of the Equipment in payment of the rent and other obligations due from Tenant to Landlord hereunder, with Tenant remaining responsible for any deficiency or (b) sell the Equipment or any portion thereof at public or private sale and without demand or notice of intention to sell and apply the proceeds of any such sale, after deducting all costs and expenses incurred in connection with the recovery, repair, storage and sale of the Equipment and any rentals and other obligations of Tenant then due hereunder against the "stipulated loss value" indicated on Exhibit 'loll of the Equipment sold. If the proceeds, after the permitted deductions, are less than the stipulated loss value, Tenant shall immediately pay Landlord the difference. 56 . ACCOUNTING. Tenant shall send to Landlord quarterly during the Initial Term an accounting of all of the costs and expenses actually incurred by Tenant which relate to the items set forth in the Operating Budget and the Construction Budget. 57 . QUIET ENJOYMENT. Landlord represents and warrants that this Lease does not violate any provision of the Master Lease and that no provisions of this Lease are in conflict with any of the provisions of the Master Lease. If this Lease terminates as a result of Landlord's being in default of any of its obligations under the Master Lease, Landlord shall be liable to Tenant for all damages Tenant has suffered as a result of the termination, including, without limitation, all costs and expenses incurred by Tenant in constructing the Improvements described in Exhibit "C". If Landlord is given the right under the Master Lease to terminate the Master Lease for any reason, (e.g. , in case of damage or destruction) , Tenant shall have the right, in its sole discretion, to determine whether it wishes to have the Master Lease terminated. If Tenant elects to have the Master Lease terminated, Tenant shall terminate this Lease and Landlord shall in turn terminate the Master Lease. As long as Tenant is not in default under any provision of this Lease, Landlord shall be obligated to perform all of its obligations under the Master Lease, and during the term of this Lease Tenant shall have quiet enjoyment of the Demised Premises. Any renovation work performed by Landlord to the Demised Premises (including Karen's Korner) shall not unreasonably interfere with the business being operated by Tenant on the Demised Premises. If reasonably possible, any such restoration work shall be performed by Landlord during the months of July through September. 58. COMPLIANCE WITH STATE AND LOCAL LAWS. Landlord shall be responsible for taking any and all steps necessary, at its sole cost and expense, to comply with any state and local laws or regulations which may apply to the lease or sale of the Demised M\9423.3\L-THEATR.jb\RBS\081491 41 11�. fir Premises, Karen's Korner or any other portion of the Property, including, but not limited to, the Subdivision Map Act (Gov. Code Sections 66410, et seq. ) . Landlord shall indemnify Tenant from any and all costs or liabilities incurred by Tenant due to Landlord's failure to comply with such laws and regulations. 59 . BUDGET. Tenant hereby guarantees that the total costs and expenses to be incurred by Tenant during the Initial Term, shall not be less than the total costs and expenses specified for the Initial Term as set forth in the Operating Budget approved by Landlord pursuant to Article 28 (a) . Tenant hereby guarantees that the costs and expenses to be incurred by Tenant for construction of the Improvements shall not be less than the total costs and expenses set forth in the Construction Budget approved by Landlord pursuant to Article 28B. Tenant reserves the right to reallocate funds amongst the various line items identified in each Budget as tenant deems appropriate. Tenant shall send quarterly reports to Landlord during the Initial Term, accounting for the costs and expenses actually incurred by Tenant with respect to the Operating Budget and Construction Budget items. 60 . SCHEDULE OF PERFORMANCE. Unless agreed upon otherwise in writing by Landlord and Tenant, the failure or delay by either party to perform any of their respective obligations as indicated in the Schedule of Performance, on or before the date specified in the Schedule of Performance, shall constitute a default under this Agreement. The injured party shall give written notice of such default to the party in default, specifying the default complained of by the injured party. The injured party may not institute proceedings against the party in default until fifteen (15) days after giving such notice. Failure or delay in giving such notice shall not constitute a waiver of any default, nor shall it change the time of default. Any failure or delay by either party in asserting any of its right or remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies or deprive such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. 61. MISCELLANEOUS. (a) Jurisdiction and Venue. The parties hereto agree that the State of California is the proper jurisdiction for litigation of any matters relating to this Lease, and service mailed to the address of tenants set forth herein shall be adequate service for such litigation. The parties further agree that Riverside County, California is the proper place for venue as to�'�//��/� any such litigation. M\9423.3\L—THEATR.jb\RBS\081491 42 .ref (b) Partial Invalidity. If any term, covenant, condition or provision of this Lease is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions hereof shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereof. (c) Successors in Interest. The covenants herein contained shall, subject to the provisions as to assignment, apply to and bind the heirs, successors, executors, administrators and assigns of all the parties hereto; and all of the parties hereto shall be jointly and severally liable hereunder. (d) No oral Agreements . This Lease covers in full each and every agreement of every kind or nature whatsoever between the parties hereto concerning this Lease, and all preliminary negotiations and agreements of whatsoever kind or nature are merged herein, and there are no oral agreements. Tenant acknowledges that no representations or warranties of any kind or nature not specifically set forth herein have been made by Landlord or its agents or representatives. (e) Authority. In the event that Tenant is a corporation or a partnership, each individual executing this Lease on behalf of said corporation or said partnership, as the case may be, represents and warrants that he or she is duly authorized to execute and deliver this Lease on behalf of said corporation or partnership, in accordance with a duly adopted resolution of the Board of Directors, if a corporation, or in accordance with the Partnership Agreement, if a partnership, and that this Lease is binding upon said corporation or partnership in accordance with its terms. (f) Time. Time is of the essence of this Lease. (g) Consistency. Each provision herein shall be interpreted so as to be consistent with every other provision. (h) Relationship of Parties . The relationship of the parties hereto is that of Landlord and Tenant, and it is expressly understood and agreed that Landlord does not in any way or for any purpose become a partner of Tenant in the conduct of Tenant's business or otherwise, or a joint venturer with Tenant, and that the provisions of this Lease and the agreements relating to rent payable hereunder are included solely for the purpose of providing a method whereby rental payments are to be measured and ascertained. (i) Nondiscrimination. Tenant herein covenants by and for itself, its heirs, executors, administrators and assigns and all persons claiming under or through it, and this Lease is made and accepted upon and subject to the following conditions: That M\9423.3\L-THEATR.jb\RBS\081491 43 0 0 there shall be no discrimination against or segregation of any person or group of persons on account of race, sex, marital status, color, creed, national origin or ancestry, in the leasing, subleasing, licensing, transferring, use, occupancy, tenure or enjoyment of the Demised Premises herein leased, nor shall the Tenant itself, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, licensees or vendees in the Demised Premises. All deeds, leases or contracts entered into by Tenant shall contain or be subject to substantially the following nondiscrimination or non-segregation clauses: (i) Deeds. In deeds the following language shall appear: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, sexual preference, marital status, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the premises herein conveyed, nor shall the grantee, or any person claiming under or through, him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the premises herein conveyed. The foregoing covenants shall run with the land. " (ii) Leases. In leases the following language shall appear: "The lessee herein covenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through him or her, and this Lease is made and accepted upon and subject to the following conditions: That there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, sexual preference, marital status, national origin or ancestry, in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the premises herein leased nor shall the lessee, or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants or vendees in the premises herein leased. " (iii) contracts. Any contracts which Tenant or Tenant's heirs, executors, administrators, or assigns propose to enter into relating to the sale, transfer, or leasing of M\9423.3\L-THEATR.jb\RB8\081491 44 0 0 the Demised Premises shall contain a nondiscrimination and non-segregation clause substantially as set forth in Section 602 and in this section. Such contracts shall provide that such clause shall be binding upon and shall obligate the contracting party and any subcontracting party or transferee under the instrument. (j) Notices. Wherever in this Lease it shall be required or permitted that notice and demand be given or served by either party to this Lease to or on the other, such notice or demand shall be given or served in writing and shall not be deemed to have been duly given or served unless in writing, and personally served or forwarded by certified mail, postage prepaid, addressed as specified in Article 1 (j) . Either party may change the address set forth in Article 1 (j ) by written notice by certified mail to the other. Any notice or demand given by certified mail shall be effective one (1) day subsequent to mailing. (k) Holding Over. Any holding over after the expiration of the term of this Lease, with the consent of Landlord, express or implied, shall be construed to be a tenancy from month to month, cancelable upon thirty (30) days written notice, and at a monthly rental equal to one hundred fifty percent (150%) of the normal percentage rental and Karen's Kerner Rental and upon terms and conditions as existed during the last year of the term hereof. IN WITNESS WHEREOF, the parties have duly executed this Lease together with the herein referred to Exhibits which are attached hereto, on the day and year first above written in Palm Springs, California. COMM TY REDEVEL ME �ENCY OF THE CITY OF P LM N S By: Ci y anager/E ecutive Director 7, "LANDLORD" ATTEST: Ci y Clerk /Assistant Secretary— REVIEWED AND APPROVED City A �rney AGEf fit:)`/ BY IRESo HO.�✓.:�.� ' //�� M\9423.3\L—THEATR.jb\RBS\081491 45fl'ijb;`'�I, The Partnership for the Gr sl e Arts , L.P. , a California limited partnership By: The Rifael Corp. , a California corporation Its: General Partner BY: .� Riff Markowitz, Pre`si3ent 46 EXHIBIT "A" LEGAL DESCRIPTION OF THE PROPERTY PARCEL ll THAT PORTION OF BLOCK 27 OF FALK SPRINGS, AS SHOWN BY MAP ON FILE IN BOOR 9 PAGE 432 Or MAPS, RECORDS Or SAN DIEGO COUNTY, CALIFORNIA, USSCRISSO as FOLLOWS: BEGIWNIIIG AT a POUR ON TIE WEST LINE Or SAID BLOCK 27 THAT BEARS SOUTH 00 DEGREES OB' EAST, A DISTANCE Or 114 FEET, rRON Tom NORTHMEST CORNER TBi11EOF; TRJDW CONTINUING SOUTH 00 DEGREES OS' EAST ALONG SAID WEST LIME, a DISTANCE Or 61.70 FEET; THENCE WORTH 89 DEGREES 52' EAST AND PARALLEL WITH THE NORTH LIME or SAID BLOCK 27, A DISTANCE OF 57.60 FEET; T 9 SOUTH 00 DEOREiS 06' EAST AND PARALLEL WITH SAID WEST LIME, a DISTANCE Or 7.10 FEET; THENCE MONTH 69 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LIM A DISTANCE OF 55 FEAT; THENCE SOUTH 00 DEGREES OS' EAST AM PARALLEL WITH SAID WEST LINE, a DISTANCE Or 0.47 FEET; TERMS NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LIME, A DISTANCE Or 59 PIET; TREMCB NORTH 00 DEGREES 06' WEST AND PARALLEL WITH SAID WEST LINE, a DISTANCE OF 0.47 FEE?; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, a DISTANCE Or 44.5E FEET; THENCE NORTH 00 DEGREES 06' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE Or 47.45 FEET; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITH SAID NORTH LINE, a DISTANCE OF 4.4E FEET; THENCE NORTH 00 DEGREES OS' WEST AND PARALLEL WITH SAID WEST LINE, A DISTANCE Or 4.75 FEET; THENCE SOUTH 69 DEGREES 52' WEST AND PARALLEL WITH SAID NORTH LINE, A DISTANCE OF 4.45 FEET; THENCE NORTH 00 DEGREES 08' WEST AND PARALLEL WITH SAID WEST LINK, A DISTANCE Or 16.57 FEES; ° THENCE BOU= 69 DEGREES 32, WEST AND PARALLEL WITH SAID NORTH LINE 216.3E FEET, TO THE POINT Or BEGINNING. PARCEL 2; A RIGHT Or WAY FOR INGRESS AM EGRESS OVER THAT PORTION OF BLOCK 27 Or PALM SPRINGS, AS SHOWN BY NAF ON FILE IN BOON 9 PAGE 432 OF MAPS, RECORDS or SAN DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWBs COMMENCING AT A POINT ON THE WEST LINE OF SAID BLOCK 27 THAT BEARS SOUTH 00 DEGREES 06' EAST, A DISTANCE Or 175.70 rn?, ram THH NORTHWEST CORNER THEREOr; ?MUCH NORTH 69 DEGREES 52' EAST, A DISTANCE Or 37.60 FEET; TRIMS BOOTH 00 DEGREES 08' RUM Alm PARALLEL WITH SAID WEST LIME 7.10 FO!;T; VICE MONTH 69 DEGREES 52' EAST Alm PARALLEL WITH THE NORTH LINE OF SLOCV 27, A DISTANCE OF 55 FEET; TRIMS SOUTH 00 DEGREES OB' zr rS C ,., u'STIIY'; TERMS NORTH 69 DEGREES $2' EAST AND PARALLEL WITS SAID NORTH Li81H, 25,79 FEAT, TO THE TRUE POINT Or BEGINNING; THINGS SOUTH 00 DEGREES 06' EAST, AND PARALLEL WITH THE SAID WEST LIMB, 105.50 rm; THONGS BOOTH 69 DCOREEB 52' WEST, A DISTANCE OF 136.53 TEST, TO "M WEST LIMi Or BALD BLOCK 27; THENCH SOUTH 00 DLOREZS OS' EAST, A DISTANCE OF 7 FEET, ALONG SAID WEST LIME; THEME MONTH 69 DSORM 52' EAST AND PARALLEL WITH SAID WORTH LINE A DISTANCE Or 290.50 FEET; TIMMS MONTH 00 DSM= 06' WZVT ALONG THE KUT LINE Or SAID BLOCK 27, A DISTANCE OF 7 FEET; TRENCH SOUTH 69 DEGREES 52' WEST, A DISTANCE Or 144.95 FEET; EXHIBIT "A" TO LEASE Page 1 of 2 EXHIBIT "A" LEGAL DESCRIPTION OF THE PROPERTY THENCE NORTH 00 DEGREES 08' NEST, END PARALLEL WITH EEID MEET LINE, 105.50 FEET, TO A POINT ON THE SOUTH MALL OF PLAZA THEATRE BUILDING; THENCE SOUTH 39 DEGREES 32' WEST ALONG SAID MALL, 7 FEET TO THE TRUE POINT Or BEOINNING. PARCEL 3. AN EASEMENT FOR INGRESS AND EGRETS OF PEDESTRIANS, EQUIPMENT AND VEHICLES TO AND FROM PARCEL 1 RERUN DESCRIBED, OVER THAT PORTION OF BLOCK 27 OF PALM SPRINGS, AS SHOWN BY MAP ON FILE IN BOOK 9 PAGE 432 OF MAPS, RECORDS Or SAN DIM COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: COMMZNCING AT E POUR ON THE WEST LINE Or SAID BLOCK 27 THiT BEARS SOUTH 00 DEGREES 08' EAST, A DISTANCE Or 114 FEET, FROM THE NORTHWZST CORMER THEREOF; THENCE NORTH 89 DEGREES 52' EAST AND PARALLEL WITS THE NORTH LINE Or SAID BLOCK 27, A DISTANCE Or 216.38 FEET, TO THE TRUE POINT Or BEGINNING; THENCE CONTINUING NORTH 39 DEGREES 52' EAST AND PARA"ZL WITH SAID NORTH LIAR, A DISTANCE OF 74.12 FEET, MORE OR LESS, TO A POINT OM THE SAID EAST LINE OF SAID BLOCK 27; THZHCZ $OUTS 00 DEGREES OS' EAST ALONG RAID EAST LINE, A DISTANCE Or B FEET? THZMCE SOUTH 89 DEGREES $2' WEST AND PARALLEL WITH SAID NORTH LINE A DISTANCE Or 67.12 FEET; THENCE SOUTH DO DEORZZS 08' EAST AND PARALLEL WITH SAID EAST LINE OF BLOCK 27, A DISTANCZ OF 8.57 FEET; TKEMCZ SOUTH 89 DZORZZB 52' WEST AND PARALLEL WITH 6121) NORTH LINE, 7 FZZT, TO A POINT ON THE EAST MALL Or PLAZA THEATRE BUILDING; THENCS NORTH 00 DEGREES 08' WEST ALONG OEID WALL, 1 DISTANCE or 16.67 FEET, TO THE TRUE POINT OF BEGINNING. PARCEL 4N 1 RIGHT OF WAY 7 FEET MIDI OVER THE PROPERTY Or THE PLAZA INVESTMENT COMPANY, INC., IHONEDILTELT ADJACENT TO THE SOUTIUMLY AND EASTERLY LINES Or PARCEL 1 HEREIN DESCRIBED WRZRZVER THE SAME IS OR WILL u ACCESSIBLE AND TO TUB EXTENT AND FOR THE TIME ONLY THAT THE SANE IO NECESSARY ran THE PURPOSE or ATTENDING TO THE UPNA'EP AND MAINTENANCE OF THE IMPROVEMENTS LOCATID IN SAID PARCEL 1, AO CONVEYED TO EERLZ C. BTRZBZ BY DZID RECORDED MAR® 1, 1953 AS INOTRUBNEP! NO. L3480 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. FARCSI. 5: AN EASEMENT OVER THE PROPERTY OF THIN PLAZA INVSSTMENT COMPANY, INC. , FOR THE OVERHANG Or THE THEITRZ BUILDING .LOCATID ON PARCEL 1 ZZRZZM DESCRIBED, AS CONVZYZD TO EARLS C'. OTHERS BT DEED RECORDED MARCH 1, 1955 AS INSTRUMENT NO. 13408 OF OFFICIAL RECORDS or RIVRRSIDS COUNTY, CALIFORNIA. NOTE: SAID PROPERTY 12 ALSO SITUATED IN THE CITY OF PALM SPRINGS. ASSESSOR'S PARCEL NO. 5131440037. EXHIBIT "A" TO LEASE Page 2 of 2 EXHIBIT "B-1" t.tt• u.n• i � i �•• . ... .IMYL ...t i THEATER o a y y SOUTH CORRIDOR AREA ull- 4 • Y e estua H BIN AREA t.Is 1 .w 11.eSu . 'S KORNER • I.rs.c I IL MIN Lk . 7 : I..!' 11a�• � h.IT � ... n.o.a 1. r.�... 6.• .Hf. f.L■ ... f.1 COURTYARD EXHIBIT "B-1" TO LEASE EXHIBIT "B-2" LEGAL DESCRIPTION OF DEMISED PREMISES PLAZA nEK TO CCWLEK PARCEL 11 THhT POFMON OF K= 27 Or PALM SPRnme AS S=*f BY bW ON FILE IN B0OK 9 PAM 432 or FIAPS. R omw or 8AN DINGO CCAJNL'Y, CALLI:iO Wat DESCRIBED AS F'OLJGWS i BBGIYPI V AT A POINT ON THE WEST LINE OF SAID BLOCK 27 THAT BARB SOUTH 00 D 9 08' EAST, A DISTANCE OP 114 rar, rxk %m NCIRT'H- *m omm TfB:FB rl TffliCS CONTINUING SO= 00 DOMMS 08' EABT ALCNO SAID PEST LL2� A DI9I OF 61.70 FEETr THENCE NORTH 89 DOOR= 52' EAST AND PARAum W1TH THE NORTH LnM OF SAID W.00K 27, A DIRTANCE OF 57,80 F=TB TH6tiC?1 SOUTH 00 D®Ci?!.E8 06' EAST AND PARALLEL, WSTH SAID WEST LINE, A DISTANC3: OF 7.10 FEETt TWNCE NOFMH 89 MI 52' EAST AND PARALUM WTRI SAID NORTH LW, A Di8'TANCE OF 55 F=j MZNCZ SOUTH 00 DEGIiITES 08' FAST AND PARALLEL WTLH SAID WEST LW, A DLSTANCE DO 0.41 rElT➢ 'HENCE NORTH 89 LPx91tFF,9 52' EAST AND p RALu . W= BUD NORTH LW A DIS Ixlr OF 59 PEE'1'; TW,K2 NORTH DO D0GFM:S 08' WE9. T AND pARR f7T. W1 H SAID MST LDEJ A DISTANCE OF 0.47 FEET; TH&iCE NORTH 89 DEGF2E8 52' E&ST AND PARALIBL W= SAID NORTH Lneo A DISI ICE OF 44.58 FEE ; THWCH NORTH 00 LDS 08' MT AND PARkTUM WSTH SAID WM L=t A DISTANCE Or 47.48 FIST; THMM NORTH 89 DEGFUS 52' EAST AND PARALLEL WITH SAID NORTH LIMO A DT92RNCE OF 4.45 F88T; TH&C3 NORTH 00 Lt7MUS 08' MW AND PARR M WIIR 5AID WEST LL%E, A DISTANCE OF 4.75 PWr; TH= SCUM 89 DES 52' WEST MM PARALLEL WITH SAID NORTH LnZl A DWI OP 4.43 FEET; THM= NOWN 00 DEZEES 08' WEST AND PARALLEL WITH SAID WEST LINE, A DTSTANCZ CIF 16.57 FEET; THENCE SOUTH 89 DEMW9 52' WEST AND PAW1L.i.FS. NITH SAID NcM I.7Ia, 216.3E MT, TO THE POINT OF BiEGaNTml EXOM'1= FXK THE ABOVE DESCROW PAR=, THAT PC4t1= DF,9C=W AS FCLSOi I ►,, BBGnt= AT A POINT CN THE WEST LUZ OLr SAID HLAC7C 27 THAT BEARS SOULH W08' F.A.9T, 175.70 EMT FROM THE NOBTFyM OORaR TZNX r; THERM NORTH 89'S2' ENSTj PARALLEL Wrm Tm NORTH LINE CF SI BIACX 27, A DISTANCE OF 7.00 FEET 70 THE Trm Pona or BEGIDwMl EXHIBIT "B-2" TO LEASE • EXHIBIT "B-3' • DEPICTION OF THE COURTYARD .m Il.lfr 1.11• ■u 11NN1 ' f•u• rw•lr1N•�f , . ■flft lttl fJi t • 1 1 f f f 1 • , f � 1 , f 1 f I.r•Ib . JII wl. .M\•11• r W fr M.L rpw . , t I MW ■A Lfttt - �l t/Lftt, MW y _ fit L its 7 ttlf lt■ h .w 1yw fH, LLu �!u ht1 Zl1!!N IM.• f 1 L 1■ uL ot �V iAL@Offf Mir i . 1.1. Trash gin A� eal 1 aARi _�r �k�ahSlGn AvecL ,1 CKc(J�n S Ko✓ne✓ i C ouv�yard 1 klIj EXHIBIT "B-3" TO LEASE EXHIBIT "B-4" DEPICTION OF THE TRASH BI AREA .1 .pigs . T I • � Trash Oi/1 Av�� P }IIM hllp 11 r 1 i p p 1 1 1 p 1 g g 1 mu.■ �. 1g 111 00 rAAT Amur- sit liveal I EXHIBIT "B-4" TO LEASE { EXHIBIT TRASH AREA LEGAL DESCRIPTION TFM AFVA TIM PCBtF W OF WOM 27 C! PALM OPRII=l AS MM BY W ON FnA IN HOOK 91 PA= 432 C! I91PA, PDOMU Or W DwW 0Of2{ , CALIImrtBA, resoRM AS E+O< og, Bl1Gnuw AT A POW ON THS N68'T LINE OF shm mm 27 im HEARS SOUTH 0 08' MWo 175,70 FLET 17M THd NOR['H- MW COM THUMP THMM NORTH 89 52' E#{►9P, PAF#lM WITH THS NOM LIIM Or MW BI= 27 A DISIMM Or 44.22 7W TO TM TKA POW OF Fl7MMM) IMM ALONC 6AT.D PAVA= LSNE, NOM 89 52' EAST, 12.40 FMI TEBZ`7C11 NOM 0 06' W'M# 6.00 FEET? T'HMM 9WM 89 52' iwv 6,00 1=1 'T IM NOM 0 08' WST, 7.00 FEta'f T103'M MM 89 52' NEST, 6.40 F'Wj TH OM SOUTH 0 06' PM, 13.00 77>;'T TO THS THE POINT, OF pLfiT wwo Page 1 of 1 Page EXHIBIT "B-5" TO LEASE 7n 'J u 6C- 1�'li 1 �ji�l�i ,i f"'�;�i4•, s EXHIBIT "C" CONSTRUCTION OBLIGATIONS OF LANDLORD AND TENANT A. The Tenant shall construct and/or install the following Improvements to the Theater: 1. Carpet the South Corridor Area of the Theater; 2 . Install glass in the arches of the South Corridor Area; 3 . Install double-doors in the center arch in the South Corridor Area; 4 . Install all such lighting as may be required to illuminate exhibits to be displayed in the South Corridor Area as part of the Celebrity Gallery; 5. Install suitable showcases and lighting in the lobby of the Theater as may be required for the Celebrity Museum; 6. Install suitable theatrical stage lighting and control board in the Theater; 7 . Install suitable sound mixing equipment. B. The Tenant shall construct and/or install the following Improvements on Karen's Korner: 1. Renovate the interior surfaces of all the walls and the floor; 2 . Remove and replace all windows and doors; 3 . Install all suitable kitchen production fixtures as may be required to operate a hot dog emporium and soda fountain; 4. Install all such table and chairs as may be required to provide suitable accommodation for the patrons of the soda fountain. C. The Landlord shall construct and/or install the following Improvements in the Theater: 1. Replace all air conditioning equipment; 2 . Remove all materials from beneath the stage area of the Theater and renovate said area so as to provide suitable dressing rooms; 3 . Install washroom facilities in the aforementioned dressing room area; 4. Provide 600 Amps (3Phase) of power to the backstage area of the Theater; 5. Cause to be completed a structural inspection of the portions of the roof immediately above the stage area which will support the air conditioning equipment; 6. Provide temporary dressing room area within property adjacent to the Property suitable to Tenant in its reasonable discretion and provide therein two (2) toilets and one (1) double sink. h ` n- EXHIBIT "D-1" PLOT PLAN OF NORTH CORRIDOR AREA KIL ASSOCIATES. W. T �(/ -7 yva 1. Ae 4-2 p B_acC 27 0 h aob' Ar iverr .dccc�r �. ay lirr .0 d+wWArJw h EXHIBIT "D-1" TO LEASE �� EXHIBIT "D-2" LEGAL DESCRIPTION OF NORTH CORRIDOR AREA An easement for ingress and agress purposes, 8.00 feet wide. over that crtion of Block 27 of Palm Springs, as shaven on map on file in Book 9, Page 432 of Maps, Records of San Diego County. California, the centerline of said easement is described as follows: Begyinning at a point on the west line of said Block 27, distant south 0'08'00' east, 114.OD feet from the northwest corner of said Block 27; thence north 89.52'000 east, 71.12 fast; thence south D•08'oO• cast, 4.00 fait to the true point of beginnin ; thence parallel to the north face of the existing theatre building, north 89.52'DO• east, 122.50 feet, more or less, to the easterly face of the existing theatre building. EXHIBIT "D-2" TO LEASE �� EXHIBIT "�" • DEPICTION OF THE DRIVEWAY AREA ow wu%' " a ig".t go' & tr 27 *M 9-1 L- ale ,004" ,mow ver ,i/I.Rlas= ow ,Jww.NL H$I /.Kt, �iR7ffMfNT�/� � i O.JOS 4064 frsRewuvvt»' t � �-�-r . d�ieow Goa a PLAZA fjrVLSTMLVY .,�.NN wlss 4aW. �ftl1k44� ,vorie, I9N rw x .t2sdiL e.R, 0 taa. f.,r i✓t c,c� 27 I�vo�.ov .ov��v�� EXHIBIT "E-1" TO LEASE p '.ire , ^p, pi�, EXHIBIT "F" Calculation of Buyout Amount "Buyout Amount" shall equal the difference between: (1) Tenant's "Total Investment" (as defined below) calculated as of the "Calculation Date" (as defined below) ; and (2) Tenant's "Offset Amount" (as defined below) as of the Calculation Date. Tenant's "Total Investment" shall equal all moneys expended by Tenant in: (a) constructing the Improvements described in Exhibit "C", as stated in the Construction Budget, (including, without limitation, costs of plans, materials and labor) ; (b) operating the Demised Premises, as stated in the Operating Budget; and (c) acquiring and installing fixtures used by Tenant in the Demised Premises and Karen's Korner. For purposes of calculating the Buyout Amount, Tenant's Total Investment shall be reduced by 1/48th for each full month which has expired between the date Tenant commenced operations in the Theater and the Calculation Date (e.g. , if Tenant has operated the Theater for 12 full months as of the Calculation Date, Tenant's Total Investment shall be reduced by 12/48ths) . Tenant's "Offset Amount" shall equal the sum of the following: (a) all moneys received by Tenant from its insurance carrier pursuant to the insurance policy which Tenant is to obtain and maintain pursuant to Article 13 ; (b) Tenant's net income from operating the Theater and Karen's Korner as calculated for federal income tax purposes; (c) the fair market value of fixtures which Tenant is permitted to remove, and which may be removed without damage to the fixtures. The "Calculation Date" shall be the date upon which Landlord elects to terminate the Lease. Tenant shall make its books and records available to Landlord for audit if Landlord wishes to verify the costs included in Tenant's Total Investment or Tenant's net income from operating the Theater and/or Karen's Korner. Landlord shall not be required to pay Tenant more than $200, 000 . 00 pursuant to this provision. EXHIBIT i^IESSMATI .DFIVE'�rU\Y PF+FA ��ENT CI�'Y of w► Sf +/,ss Poo No. y2L?,5_2 IEQAL DATE s rxeiz J,w.IS,1108 14$ ia��o o.a. P4Arr1 T"'/G47'XX . N h SCALE /~r /O w 7.37' I -- N.O.08'00"W, h . PLAZA D WESTM�VT N ,JONA1 y1IESSMIN Co AP4,vy o.R, 13z1F544 1` ,v0yio, I9BE t�sr, 929862e.A. 0 � h � • �aZ ; 4 ppL ' . 4 //4.00 �,srLi�t cec.� 27 EXHIBIT "G-1" TO LEASE EXHIBIT °G—Z° LEGAL DESCRIPTION OF WESSMAN DRIVEWAY AREA going•a portion of Mock 27 'of Film JpMnp. as show by the 4pp on file to look g, /av� lil, of WS, Mcws w JAB oil",described a fa lent comen'eq a a point a the rest Jim of aid Bock O that bath South o0.61 east a distance of ild fat trs the arthrsst eoreor thereof: ,r Thence north 11M, out 'and parallel with the arm, line of said flock U a distance of 211.3g fat to the tras hint of 6eglanivg; . Thence continuing earth M*U1 out and llsl with said earth live a dlstanea of 74.12 fast, am or lag, to a point a the said east lino of said Hoek Us Them south 008091 'wt along aid out line a diatom of g feats Them south UOUI wat and parallel with said north ifne a distance of 17.12's Thence south 00%41 east and parallel with aid eat Jim of Mock 27 a distance of 11.97 fats Thence scvW 391MI rest and parallel with said wrth line 7, fat to a point ON to east will of /last Tlnatra kildings Thence north "I an aiwoggg aid all a distance of 16.A feet to the true Point of geginaisg. E=UIT "G-2" TO LEASE EXHIBIT "H" COMMENCEMENT DATE INTENTIONALLY OMITTED 5/267/014084-0033/24 8/29/91 C � EXHIBIT "III TENANT'S ESTOPPEL CERTIFICATE Date: 19 Re: Address: For Premises in: Gentlemen: The undersigned, as Tenant under that certain Lease dated August 19 , 1991, made and entered into between THE COMMUNITY REDEVELOPMENT AGENCY FOR THE CITY OF PALM SPRINGS as Landlord, and the undersigned, as Tenant, hereby ratifies said Lease and certifies that the undersigned has entered into occupancy and accepted possession of the premises described in said Lease on , 1991; that said Lease is in full force and effect and has not been assigned, modified, supplemented or amended in any way (except by ) ; that the same represents the entire agreement between the parties as to this leasing; that, the term of said Lease expires on 19_; that, to Tenant's actual knowledge, (a) all conditions under said Lease to be performed by the Landlord have been satisfied, (b) all required contributions by Landlord to Tenant on account of Tenant's improvements have been received, and (c) on this date there are no existing defenses or offsets which the undersigned has against the enforcement of said Lease by the Landlord; that security in the sum of $10, 000. 00 has been deposited with Landlord. Very truly yours, Tenant: THE PARTNERSHIP FOR THE -CR-E-A-T-IVE ARTS, L. P. , A California Limited Partnership By: The Rifael Corp. , A California Corporation Its: General Partner By: Riff Markowitz, President 5/267/014084-0033/23 8/29/91 EXHIBIT "I-2" LANDLORD'S ESTOPPEL CERTIFICATE The undersigned, as Landlord under that certain Lease dated as of , 1991, (the "Lease") , covering certain real property more particularly described in the attached EXHIBIT "A" , made with THE PARTNERSHIP FOR THE CREATIVE ARTS, L.P. , a California Limited Partnership, ("Tenant") , hereby certifies as follows: 1. The Lease as described above is in full force and effect and has not been previously assigned, modified, supplemented or amended except as follows: 2 . The current term of the Lease will expire on The Tenant has the right to extend the term of the Lease for the following extended terms: 3 . Tenant has deposited with Landlord a $10, 000. 00 security deposit. 4 . All rentals and other charges payable by the Tenant under the Lease that are currently due have been paid. 5. The Lease as described above represents the entire agreement between the parties as to the premises, except as follows: (1) Letter/Agreement between Landlord and Tenant dated August , 1991. 6. To the Landlord's knowledge, there are no uncured defaults by Tenant under the Lease, and Landlord knows of no events or conditions which with the passage of time or notice or both, would constitute a default by Tenant under the Lease. 7 . To Landlord's knowledge there are no existing defenses or offsets which the Landlord has against the enforcement of the Lease by Tenant. 8 . All conditions of the Lease to be performed by Tenant and necessary to the enforceability of the Lease have, to the Landlord's knowledge, been satisfied. Executed in Palm Springs, California, on this day of 1991. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS By EXHIBIT "J" (File Re erence Number ) (Name of Attraction) PERFORMING ARTS THEATRE LICENSE CONTRACT This License Contract ( the "Contract" ) is entered into on this _ day of , 199_, by and between the (hereinafter referred to as "Licensor" ) , and ( the "Licensee" ) . In consideration of the mutual covenants, agreements , representations and warranties contained in this Contract, the parties agree as follows: 1. LICENSED USE. Licensor hereby licenses on a non- exclusive basis to Licensee and Licensee hereby licenses from Licensor the use of that portion of the ( "Theatre Building" ) described as ( "License Premises" ) only for the performances and rehearsals described as follows: (hereinafter referred to as the "License Use" ) . Licensee may not substitute, delete from, or add to the Licensed Use, and the Licensed Premises shall be used for no other purpose . Licensee shall not use the Licensed Premises, or permit anything to be done in or about the Licensed Premises, which will in any way conflict with any applicable, statute, ordinance or governmental rule or regulation. Licensee, in its use of the Licensed Premises shall, at its sole cost and expense, promptly comply with all laws, statutes, ordinances and governmental rules, regulations or requirements relating to said use. Licensee shall obtain and pay for all appropri- ate BMI and ASCAP licenses for its performances. No use shall be made of the Licensed Premises which is vulgar , obscene, licentious, indecent, immoral, illegal, scandalous or contrary to the rules and regulations of Licensor . Licensee acknowledges that it is the policy of Licensor that the Theatre Building be used primarily for the presentation of the performing arts and other forms of entertainment . In keeping with maintaining the character of the Theatre Building as a "performing arts center" , Licensee agrees not to use the Licensed Premises to proselyte, solicit for any religious or political activity or other cause. Licensee shall within three ( 3) business days following written request from Licensor provide Licensor with a detailed EXHIBIT "J" TO LEASE 6/437/014084-0033/04 3/12/91 �c� i description of the activities and things to be done, conducted and presented by Licensee pursuant to the Licensed Use. If Licensor determines, in its reasonable judgment , that Licensee' s description of its proposed activities violates Licensor ' s operating policies, Licensor shall have the right to terminate this Contract upon written notice to Licensee and without any liability to Licensee. 2. LICENSEE PAYMENT OBLIGATIONS. For the Licensed Use, Licensee will pay in lawful money of the United States to Licensor at the office of Licensor at the times and in the manner set forth hereinbelow, the following: 3. DEPOSIT. To ensure the faithful performance of Licensee' s obligations under this Contract, Licensee shall deposit with Licensor the sum of $ on or before , 199 Licensor in its sole discretion shall have the right at any time prior to or during the Licensed Use to demand an additional deposit from Licensee in an amount equal to Licensor ' s estimate of the cost of the expenses to be incurred by Licensee for which Licensor may be responsible including, but not limited to, the "Expenses To Be Paid by Licensee" set forth in Section 6 below. 4. SERVICES FURNISHED BY LICENSOR. In addition to the Licensed Premises, Licensor shall furnish to Licensee use of the backstage facilities adequately lighted, cleaned and in good order on the dates and at the times, respectively, for the performances specified hereinabove and for all rehearsals mutually agreed upon by the parties . Licensor shall, in its sole discretion, determine the type and amount of other services for the proper operation of the Theatre Building in connection with the Licensed Use. Except where expressly permitted to be provided by Licensee, Licensor shall provide such services to Licensee, subject to reimbursement therefor as provided in Sections 5 and 6 below. S. BOX OFFICE. Subject to the provisions of Section 7 hereafter, Licensee shall have the non-exclusive use of the box office facilities of Licensor for the sale of all tickets for the Licensed Use, for the period for a fixed fee o $ Licensor reserves the concurrent use of the box office facilities for itself and its other licensees and their agents and employees for the sale of tickets for other attractions and for other purposes consistent therewith. The box office shall be staffed only with personnel employed by Licensor . -2- 6. EXPENSES TO BE PAID BY LICENSEE. When due, Licensee shall promptly pay to Licensor the following costs and expenses, whether or not the performances are presented or cancelled: (a) The wages of, or costs for, all stagehands, musicians, performers, and security personnel deemed necessary for the Licensed Use by Licensee or Licensor ; (b) Licensor ' s standard charges for use of rehearsal facilities and the wages of Licensor ' s employees used in connection therewith; (c) The cost of printing the necessary tickets to be used in connection with the Licensed Use; (d) If a fixed fee for the box office is not charged pursuant to Section 5 above, the cost of all box office expense incidental to the Licensed Use including a pro rata portion of the wages of Licensor ' s employees, if any, working in the box office as determined by Licensor and further including Licensor ' s standard charges for the use of the box office facilities; (e) The wages of, or costs for , the manager, head usher, ushers , and ticket takers except to the extent included in the front of the house fee as set forth in (g) below; ( f) The wages of any of Licensor ' s other employees rendering services to Licensee at the request of Licensee except to the extent included in the front of the house fee as set forth in (g) below; (g) A front of the house fee per performance as determined by Licensor; (h) All other expenses incurred by Licensor directly or indirectly as a result of, or partially as a result of, the Licensed Use, except for those expenses and costs specifically set forth in this Contract as the responsibility of Licensor ; and ( i ) To the wages of Licensor ' s employees which are charge- able to Licensee as above provided, there will be added an amount equal to percent ( %) of the amount of such wages to cover fringe benefits and payroll charges except for stagehands as to which such amount shall be equal to percent ( % ) . Expenses which relate only partially to the Licensed Use shall be equitably allocated by Licensor among the various uses to which such expenses relate. For example, if appli- cable, the cost of putting up and taking down the "shell" -3- # 0 shall be allocated on a "per performance" basis among the licensees using the shell during the period the shell is up. The amounts owed to Licensor are due on demand and, if not sooner paid, shall be retained by Licensor from the gross receipts at the settlement as described in Section 8 hereinafter . If Licensee, with the permission of Licensor, contracts directly for any of such services, Licensee shall promptly pay for same when due. 7. TICKETS. Licensee shall provide to the Licensor seats and at no charge.. Licensee shall provide to Licensor at regular prices not less than 10% of the capacity of each price section of the house, which shall include the following _ seats: (Complete Prior to Execution) These seats shall be available to Licensor until twenty-four hours prior to the advertised curtain time of each perfor- mance and if not made available for sale to the general public by that time shall be paid for by Licensor . For each performance which is part of the Licensed Use, Licensor reserves the right to sell on behalf of Licensee seats on a priority basis to donors of Licensor at the regular prices for such seats. The number of seats, the method of allocation and the form of the notice to the donors shall be determined by Licensor in its discretion. Provided, however, such seats need only be made available to Licensor ' s donors until the later of such time as seats go on sale to the general public or days prior to the first performance. Unless otherwise agreed in writing, the methods of sale and disposition of tickets, including ticket priorities, shall be under the exclusive control of Licensor . Licensor shall have sole and exclusive control and supervision of the box office and its personnel, and all gross receipts shall, until such time as settlement is made, be under the absolute custody, control, disposition and supervision of Licensor . All tickets and any other documents evidencing or affecting the right of admission to the Licensed Use shall be ordered only by Licensor and Licensee covenants that it will not order , distribute and/or issue same without Licensor ' s prior written consent. The price of tickets shall be determined by Licensee; provided, however , no tickets are to be sold or distributed at "cut rate" , as "two-for-one" tickets, or in any other manner at less than box office price, nor shall -4 (�V - Licensee make any arrangements of any nature whatsoever for or involving the sale of tickets without the prior written consent of Licensor . 8. SETTLEMENT. Following completion of the per- formances , Licensor shall compute the gross receipts from ticket sales, shall deduct therefrom all monies owed to Licensor pursuant to this Contract, including without limitation Sections 2, 5 and 6 hereof, and, within ten ( 10 ) business days, shall remit the balance thereof, together with any unused portion of the deposit paid pursuant to Section 3 , to Licensee with an accounting of ticket sales and expenses . If Licensor does not timely remit monies owing to Licensee, such amounts shall be subject to the provisions of the second paragraph of Section 26 hereafter . Sales commissions, including credit cards and agency, group and/or subscription sales charges, shall be deducted by Licensor from gross receipts . Licensor ' s books and records relating to the Licensed Use, the performances and the amount owing pursuant to this Section 8 shall be available for one hundred eighty ( 180 ) days thereafter for Licensee ' s inspection upon reason- able advance notice. In the event tickets are sold for a series of performances, the proceeds from such series tickets shall be prorated among each performance for purposes of computing the settlement. 9. SEATING CAPACITY. Licensor makes no representation or warranty as to the seating capacity of the hall and Licensee acknowledges that the seating capacity will vary between different types of performances because of the size and configuration of the stage. 10. CONCESSIONS AND SOLICITATIONS. Licensee shall neither sell nor distribute any information or thing , including programs, in or around the Theatre Building without the prior written consent of Licensor . Licensee shall not make any solicitations or request donations without the prior written consent of Licensor . Licensor reserves the right for itself and its support groups to sell merchandise and other items in the Theatre Building during the Licensed Use so long as such sales are in keeping with the image of the Theatre and do not unreasonably interfere with the Licensed Use. 11 . PROGRAMS. Licensor reserves to itself or those designated by it the right to distribute free of charge house programs and other materials in connection with the per- formances . If Licensor elects to furnish or to have its designee furnish printed programs for ' Licensee ' s perfor- mances, Licensee shall furnish at least twenty-one ( 21 ) business days in advance of each scheduled performance, to the Licensor or its designee, a correct copy of the matter which Licensee desires to be inserted in the program. Such matter may be altered or rejected by Licensor in its sole discretion without Licensor being liable to Licensee for changes or deletions . If Licensee timely submits its copy material to Licensor, Licensor agrees to advise Licensee in advance of any alterations or rejections and to consult with -5- ti Licensee regarding same before Licensor makes its final determination. Licensee acknowledges that Licensor has an existing contract with a program supplier, which among other things, grants to a program supplier the right to distribute the programs for the Theatre Building and change the content and format of the program published by it. 12. INSURANCE. Licensee shall provide at its own expense the following insurance: Worker ' s Compensation and Employer ' s Liability Insurance ( including Disability Bene- fits) , Comprehensive General Liability Insurance (personal injury including bodily injury and property damage) with a combined single limit of not less than $1,000,000, and Fire and Extended Coverage Insurance, including insurance against theft, insuring all properties brought into or used in the Theatre Building in connection with the Licensed Use includ- ing, without limitation, the property of third persons under the control of the Licensee. The Fire and Extended Coverage insurance policy shall include a waiver of subrogation against the Licensor and any entity or person affiliated with the Licensor . All liability policies shall name the Licensor , the Community Redevelopment Agency of the City of Palm Springs and any other person or entity designated by Licensor as additional named insured(s) with respect to any claim or cause of action that may arise out of or in connection with the Licensed Use. Certificates of insurance evidencing such coverage shall be furnished to the Licensor at least twenty-one ( 21) days prior to Licensee' s first use of the Licensed Premises and Licensee shall furnish actual policies on demand. All policies shall be endorsed to provide 30 day notice of cancellation or material change to the Licensor . No rehearsals or performances shall be conducted or presented unless and until the required insurance coverage is in effect. The obtaining of insurance or the furnishing of evidence of insurance by the Licensee as provided in this Section shall not in any way relieve the Licensee from any of the obligations , liabilities , assumptions, responsibilities or other contractual duties referred to in this Contract , including its obligation to indemnify Licensor , its officers, directors, trustees , agents and employees , regardless of whether insurance has been provided to cover same. 13. ALTERATIONS AND USE OF THE LICENSED PREMISES. Licensee shall not alter, repair, add to, deface, improve, or change the Licensed Premises in any manner whatsoever . The Licensed Premises shall be maintained and vacated, ' as and when required, in the same condition as existed on entry of Licensee therein. Licensee agrees to pay, on demand, for all damages or injury to the Licensed Premises or the Theatre Building caused by Licensee, its employees , agents , contractors or patrons and Licensor may apply the deposit and Licensee ' s share of gross receipts toward the repair or replacement of such damages or injury. Licensor may withhold a reasonable portion of Licensee ' s share of gross receipts until the repair or replacement has been accomplished and paid for . -6- \�= Licensee shall remove all equipment or property placed in, and shall remove itself from, the Licensed Premises in suf- ficient time, as determined by Licensor , so as not to inter- fere with the next rehearsal or performance. Should Licensee fail to comply with such determined time limitations, Licensor may remove and store all such equipment or property at Licensee' s expense and risk, and Licensee will pay, on demand, the cost thereof and the cost of any other loss or damage sustained by Licensor by reason of Licensee ' s failure to comply with such determined time limitations. Licensee shall not post any signs or set up any displays in, on or about the Theatre Building without the prior written consent of Licensor . 14. COORDINATION WITH OTHER USERS. It is understood and agreed that there may be other activities in the Theatre Building simultaneously with Licensee ' s Licensed Use, that activities will take place in the Licensed Premises immedi- ately before and after the performances and rehearsals of Licensee, and that, therefor , to extent of such activities, the license granted by this Contract is non-exclusive. Licensee agrees that its use of the Licensed Premises is subject to the use of the Theatre Building for such other activities and agrees not to unreasonably interfere with such other activities in its use of the Licensed Premises. 15 . LIMITATION ON LIABILITY. Licensor shall not be obligated or required to replace or repair any part of the Licensed Premises nor be liable to Licensee for any damage occurring by reason of any defect therein, or occasioned by any part thereof being or becoming out of repair or arising from curtailment of services , including utility services , for any reason; nor from any damages done or arising from activities of whatever kind or nature that may take place in the Theatre Building; nor any damages arising from any act or neglect of any occupants, licensees or patrons of the Theatre Building or of any owners or occupants of adjoining property; nor for any loss, theft, damage, injury or other casualty to the property or persons of Licensee. To the extent that Licensee believes that additional security is needed to protect its property, Licensee shall have the responsibility to request Licensor to provide same at Licensee' s expense . Should any matter or condition beyond the reasonable control of either party, financial inability excepted, such as, but not limited to war , public emergency, calamity, strike, labor disturbance, fire, interruption of transporta- tion services, casualty, physical disability, illness , earthquake, flood, act of God, or other ' disturbance or any governmental restriction ( "force majeure" ) , prevent per- formance by a party to this Contract then the following provisions shall pertain: (a) If such force majeure shall prevent per- formance by Licensor , Licensee or by both the Licensor and the Licensee: ( 1) Licensee ' s payment obligation arising under Section 2 hereof shall be suspended or excused to the extent commensurate with such force majeure but Licensee shall continue to be obligated to perform all of its other obligations under this Con- tract; ( 2) Licensor ' s obligations under this Contract shall be suspended or excused to the extent commensurate with such force majeure; and ( 3) neither Licensor nor Licensee shall be obligated to the other party for any losses or costs sustained or incurred by the other party as a result of such force majeure; and (b) In the event of such force majeure, the term of this Contract shall not be extended and Licensor shall not be obligated to license the Licensed Premises to Licensee for use during any other period in substitu- tion for the period, if any, when performance is prevented by force majeure. If Licensor does not for any reason agree to proposals of a labor union relating to employment at the Theatre Building, and such failure to reach an agreement prevents performance by Licensor of its obligations under this Contract or materially interferes with the Licensed Use, such event shall be deemed to constitute a force majeure. 16. INCURRING OF DEBTS AND LIABILITIES AND THE USE OF LICENSOR' S NAME. Neither party shall incur , without the prior written consent of the other party, any indebtedness or liability of any kind or nature in the name of the other party. Licensee shall not use the name of the Licensor in advertising or promoting the performances and/or any of the Licensee' s productions, interests and activities, other than indicating, without using Licensor ' s logotype, the schedule and location of performances . 17. ASSIGNMENT. Licensee shall not transfer , assign, hypothecate, encumber or in any other way transfer this Contract or any right or interest herein, whether voluntary or by operation of law, or allow others to use the Licensed Premises, without in each case obtaining the prior written consent of Licensor which Licensor may withhold in its sole and absolute discretion. If all or substantially all of Licensee' s assets are placed in the hands of a receiver or trustee or should Licensee make an assignment for the benefit of creditors or be adjudicated a bankrupt , or should Licensee institute any proceedings under any law relating to the sub- ject of bankruptcy, liquidation or reorganization, or should any involuntary proceedings be filed against Licensee under any such laws, then this Contract shall not become an asset in any of such proceedings, Licensee shall be in default under this Contract and Licensor shall have the right to revoke the license granted hereby. In the event Licensee ' s interest in this Contract shall .for any other reason become vested by operation of law in any person other than the Licensee ( including, without limitation, the vesting of any individual Licensee' s interest in this Contract in another by reason of death of such Licensee) , Licensee shall be in default under this Contract and Licensor shall have the right to revoke the license granted hereby. While this Contract grants a license to use the Licensed Premises, Licensee agrees and acknowledges that Licensor has a material interest in the quality of the performances to be rendered by Licensee and that, therefore, this Contract is similar to a personal services contract . Licensee further acknowledges and agrees that Licensor is relying upon the expertise and reputation of Licensee in rendering such performances and that, therefore, it is reasonable that this Contract and the rights hereunder not be assigned, hypothecated, or in any way transferred by Licensee without Licensor ' s consent as above provided. Licensee further acknowledges and agrees that but for this provision limiting Licensee ' s rights to assign or transfer , Licensor would not have entered into this Contract . 18. LICENSEE HOLD HARMLESS. Licensee shall indemnify, save and hold harmless Licensor, its officers, directors, trustees, agents, and employees (collectively the "indemni- fied parties" ) , from any liability, damages, or claims or expenses which in any manner arise from or relate to the Licensed Use, including attorneys fees, sustained or incurred by, or claimed against, the indemnified parties, unless caused by the active negligence or intentional misconduct of the indemnified parties, and resulting from: ( i ) the violation or infringement of any copyright, right of privacy or other statutory or common law right of any person, firm or corporation; ( ii ) the violation of the Code of Good Practices of the National Association of Broadcasters if any per- formance is authorized under this Contract to be broadcast by radio or television; ( iii) the defamation of any firm, person, or corporation; ( iv) any and all loss and/or damage to the Theatre Building caused in part or in whole by the Licensee and/or its patrons; ( v) any and all personal injury and property damage claims of patrons or other third parties; and (vi ) all claims, losses and damages of any kind or nature arising from or in any way connected with this Contract, the performances or Licensee ' s use of the Licensed Premises . Licensee further agrees to assume, at its own expense, the indemnified party' s defense by counsel selected by the indemnified party of any of the aforesaid losses, damages or claims or of any actions based thereon. Provided, however , if Licensee ' s insurance company undertakes such defense, such insurance company may select counsel to defend the indemni- fied party so long as such defense is undertaken uncondi- tionally without a reservation of any rights by the insurance company. Notwithstanding the provisions of this Section 16 Licensor agrees that Licensee shall not be liable for loss or damage to the Theatre Building, whether or not due to negli- gence of Licensee to the extent of any recovery under Licensor ' s property damage insurance so long as this Contract does not invalidate any such insurance. The obligations of this Section 18 shall survive the termination or expiration of this Contract and the termina- tion of the license granted hereby. 19 . RADIO BROADCASTING, TELEVISING AND RECORDING. Neither the Licensor nor the Licensee may contract for , nor make arrangements for radio broadcasting, televising, film- ing, photographing, taping, sound recording, or other kinds of reproduction of whatsoever nature for any performance presented by Licensee under this Contract , without the prior written consent of both the Licensor and Licensee. 20. RIGHT OF ENTRY. Notwithstanding any other provi- sion of this Contract, Licensor reserves free access, without adjustments of any payment obligation of Licensee, to all parts of the Theatre Building, including the Licensed Premises and shall have the right, at any and all times, to alter, repair, or add to any part of the Theatre Building and its facilities, and Licensee shall not claim or be allowed or be paid any damages for any injury or inconvenience occasioned thereby. 21. TERMINATION. Licensor reserves the right to terminate this Contract and revoke the license granted hereby upon written notice to Licensee whenever it its judgment a performance contemplated herein may pose a danger to the Theatre Building or to persons in or around the Theatre Building, whereupon Licensee will not be obligated under Section 2 hereof but otherwise shall remain obligated under all provisions of this Contract. 22. DEFAULT AND REMEDIES. Should Licensee violate any of the terms or conditions of this Contract, Licensor may, in addition to any and all rights and remedies of Licensor under this Contract or by the law provided, at Licensor ' s option and without notice of process of law, revoke the license granted hereby, take exclusive possession of the Licensed Premises, remove all persons therefrom, and Licensee shall have no further rights or claims under this Contract. In addition, Licensor may remove all equipment or property placed therein by Licensee, with all expenses resulting from the default to be borne by Licensee which waives any right and/or claim for damages that may be caused by the activities of Licensor resulting from the default . In addition, Licensor may apply all or part of the deposit to losses and expenses sustained by Licensor which arise from the default . No action taken or failure to act by Licensor under this Contract shall be considered to be a waiver by Licensor of any right it may have under this Contract or as it otherwise may have nor shall it in any other way excuse, terminate, or impair any duty, obligation or liability owed by Licensee to Licensor or prevent Licensor from recovering damages from Licensee. Licensor ' s waiver of, or delay in enforcing any right or remedy in the event of a default, or breach of contract including a failure to revoke the. license shall not impair any rights or remedies on any subsequent default or breach. Any waiver by Licensor to be effective must be contained in a writing signed by Licensor . Under no circumstances shall delay in revoking the license be deemed a waiver of the right to do so. Should Licensor violate any of the terms or conditions of this Contract, Licensee may, in addition to any and all rights and remedies of Licensee under this Contract and by the law provided, at the Licensee ' s option and without notice -10- . .,1�'Jii;l'. of process of law, at its option terminate the license granted hereby. A final settlement under Section 8 above shall be made at that time unless all settlements have been previously made. Additionally, Licensor shall return any unearned portion of the deposit paid by Licensee to Licensor pursuant to Section 2 of this Contract . For purposes of determining the unearned portion, such deposit shall be equitably allocated among the rehearsals and performances set forth in Section 1 of this Contract . No action taken or failure to act by Licensee under this Contract shall be considered to be a waiver by Licensee of any right it may have under this Contract or as it otherwise may have nor shall it in any other way excuse, terminate, or impair any duty, obligation or liability owed by Licensor to Licensee or prevent Licensee from recovering damages from Licensor . Licensee' s waiver of, or delay in enforcing any right of remedy in the event of a default, or breach of contract including a failure to terminate the license shall not impair any rights or remedies on ay subsequent default or breach. Any waiver by Licensee to be effective must be contained in a writing signed by Licensee. Under no circumstances shall delay in terminating the license be deemed a waiver of the right to do so. In case any suit, action or proceeding shall be brought or taken to enforce any right, exercise any remedy or is otherwise brought or taken under this Contract, the prevail- ing party shall be entitled to recover , and there shall be allowed to be included in any judgment , reimbursement for reasonable costs, expenses, outlays and attorneys ' fees. 23 . CUMULATIVE REMEDIES. All of the rights and remedies of Licensor and Licensee under this Contract are distinct, separate and cumulative, and mention or reference to any one or more of them shall not be deemed to be an exclusion or waiver of any other rights or remedies which either party may have, whether by present or future law, and both parties shall have to the fullest extent permitted by law the right to enforce any provision of this Contract . 24 . COMPLIANCE WITH APPLICABLE LAWS, RULES AND REGULA- TIONS. Licensee shall comply with all rules and regulations governing the Theatre Building promulgated by Licensor as to which Licensor gives Licensee written notice, with all rules, laws, ordinances, regulations and orders of governmental or quasi-governmental authorities, including requirements imposed by Licensoe ' s fire insurance carrier as to which Licensor gives Licensee written notice . Licensed shall comply with all laws, rules and regulations of Licensor as are applicable to operations contemplated under this Contract and contracts of Licensor as to which Licensor gives Licensee written notice. Licensor shall not -be liable to Licensee for damages resulting from any diminution or deprivation of Licensee ' s rights as a result of Licensee complying with this Section. • i 25. TAX WITHHOLDING. Licensor may withhold from the settlement such sums as Licensor may determine in its absolute discretion should be withheld under the Internal Revenue Code and under other laws without liability to Licensee as a result thereof. Notwithstanding the foregoing, Licensee shall withhold all taxes required to be withheld under the Internal Revenue Code and under other laws, including taxes on non-resident aliens and foreign corpora- tions. Licensee shall save and hold harmless Licensor from any and all claims and expenses relating to tax withholding requirements, including reasonable attorneys ' fees, which arise or are incurred as a result of the Licensed Use. 26. LATE CHARGES AND INTEREST. Licensee hereby acknowledges that late payment by Licensee to Licensor of any sums due hereunder will cause Licensor to incur costs not contemplated by this Contract, the exact amount of which is extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges . Accordingly, any payment of any sum to be paid by Licensee not paid within five ( 5) days of its due date shall be subject to a five percent ( 5% ) late charge. Licensor and Licensee agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Licensor for its , loss suffered by such late payment by Licensee. Any sum to be paid by Licensee or Licensor pursuant to this Contract not paid when due shall bear interest from and after the due date until paid at a rate equal to one percent ( 1%) over the prime rate being charged by Wells Fargo Bank, N.A. from time to time during such period so long as the rate does not exceed the maximum rate permitted by law in which case interest shall be at the maximum rate permitted by law at the time the sum became due. 27. REPRESENTATIONS AND WARRANTIES OF LICENSOR. Licensor represents, warrants and covenants as follows : (a) It is a duly organized and validly existing corporation, in good standing under the laws of the state of California and has taken all required corporate action to authorize the execution, delivery and per- formance of this Contract; and (b) This Contract is binding upon Licensor and Licensor has the full right, power and authority to enter into this Contract and perform all of its obliga- tions hereunder and neither this . Contract nor the performance by it of its obligations hereunder are in violation of its charter documents or instruments to which it is a party or by which it is bound. 28. REPRESENTATIONS AND WARRANTIES OF LICENSEE. Licensee represents, warrants and covenants as follows : ML 5 (a) It is a duly organized and validly existing , in good standing under the laws of the state of its formation and has taken all required action to authorize the execution, delivery and performance of this Contract; and (b) This Contract is binding upon the Licensee and Licensee has the full right, power and authority to enter into this Contract and perform all of its obli- gations hereunder, and neither this Contract nor the performance by it of its obligations hereunder are in violation of its formation documents or instruments to which it is a party or by which it is bound. 29. NOTICE. Any notice which the parties may desire or may be required under this Contract shall be deemed suf- ficiently given if in writing and personally delivered or sent by registered or certified mail, return receipt requested, first class, postage prepaid, addressed to the addressee at the mailing addresses specified below: Licensor : Licensee: Either party may designate by written notice to the other party additional addressees or different addresses for notices. The time of the delivery of such notice shall be deemed to be the time when the same is so mailed or per- sonally delivered. 30. HEADINGS. The headings throughout this Contract are for reference only. 31. INVALIDITY. If any provision of this Contract or its application to any person or in any circumstances shall be invalid or unenforceable, the other provisions of this Contract shall not be affected by such invalidity or unen- forceability. 32 . TIME. Time is of the essence - of each and every provision of this Contract. 33. RELATIONSHIP OF THE PARTIES. The relationship of the parties hereto is that of licensor and licensee and this Contract does not create any joint venture or partnership between the parties . -13- / • i 34. CONSTRUCTION OF THIS CONTRACT. Any provision of this Contract to the contrary notwithstanding, it is the intention of the parties that legal title to facilities made available to the Licensee for its use shall remain vested in the Licensor, that no interest of Licensee in real property shall be created by this Contract, that such contract rights as are given to Licensee by this Contract shall not be construed to imply any authority, privilege, or right to operate or engage in any business or activity other than as provided by this Contract, and that no portion of the facilities permitted to the Licensee for its use is leased to Licensee. This Contract shall not be changed, modified, or varied except by a written instrument signed by all parties hereto- The term "patrons" shall include all persons who are not employees of Licensor or Licensee and who are present in the Theatre Building partially or wholly for the purpose of purchasing tickets for the Licensed Use and/or of attending the Licensed Use. This Contract shall obligate the Licensor and Licensee, but not any director, trustee, officer or agent thereof. This Contract shall be construed under the laws of the State of California. Licensor and Licensee agree that with regard to rights and duties arising under this Contract they are subject to the jurisdiction of the State of California and Licensor and Licensee agree that the proper place for any legal action arising out of or involving this Contract is Orange County, California. IN WITNESS WHEREOF, the parties have caused this Contract to be executed by their duly authorized officers as of the day and year first above written. LICENSOR: By: Title: By: Title: [ Signatures continued on next page. ] -14- � � EXHIBIT "K" SCHEDULE OF RESERVED DATES AND EVENTS Event Dates Charge Film Festival April 7, 1991 Film Festival January 8-14, 1992 (Complete prior to execution) EXHIBIT "R" � TO LEASE EXHIBIT "L" RULES AND REGULATIONS Tenant agrees as follows: 1. All loading and unloading of goods shall be done only at such times, in the areas and through the entrances reasonably designated for such purposes by Landlord. 2 . The delivery or shipping of merchandise, supplies and fixtures to and from the Demised Premises shall be subject to such reasonable rules and regulations as in the judgment of Landlord are necessary for the proper operation of the Demised Premises or the Property. 3 . No person shall use any utility areas, truck facility or other area reserved for use in connection with the conduct of business except for the specific purposes for which permission to use such area is given. 4 . No employee shall use any area for motor vehicle parking, unless specifically designated for employee parking by Landlord. Tenant shall not designate any area for employee parking, except such area or areas as are designated in writing by Landlord. 5. No person without the express written consent of Landlord shall outside of the exterior walls of the Demised Premises, in the Common Areas or other portions of the Property: (a) Vend, peddle or solicit orders for sale or distribution of any merchandise, device, periodical, book, pamphlet or other matter whatsoever; (b) Exhibit any sign, placard, banner, notice or other written material; (c) Distribute any circular, booklet, handbill, placard or other material; (d) Solicit membership in any organization, group or association or contribution for any purpose; (e) Parade, patrol, picket, demonstrate or engage in any conduct that might tend to interfere with or impede the use of the Common Areas by Landlord, or any occupant or any employee, or invitee of any occupant, create a disturbance, attract attention, or harass, annoy, disparage, or be detrimental to the interest of any business establishment within the Property. (f) Throw, discard or deposit any paper, glass or extraneous matter of any kind, except in designated receptacles, or create litter or hazards of any kind; (g) Deface, damage or demolish any sign, light standard or fixture, landscaping material or other improvements within, or property situated within the Common Areas or other portions of the Property. The restrictions contained in this paragraph 5 shall not apply to Tenant to the extent that any such restrictions are inconsistent with Tenant's rights under the Lease. 6. No portion of the Property shall be used for lodging purposes. 7. Additional rules and regulations from time to time adopted by Landlord in its reasonable discretion, provided that such rules and regulations shall not conflict with the terms and provisions of the Lease. EXHIBIT "L" �l M/9423.3/EX-L.DII/RB81081591 EXHIBIT " M" MAP OF KARENS KORNER So. QW,44 CANYON DR/VE ii )t N' 2,. + 4 C •N ' nl h 1 IN H j w M g 0 s N.OW W. 47.4 O•�y Yam• 0.�•• � EXHIBIT "N" LEGAL DESCRIPTION OF T.ZAREWS KOFNFR XARFTI'8 Holm THAT PORZRCN OP MOM 27 Cr PATH SPRTNGB, A9 SFS m BY HAP CN FIZ$ 3N M 9, PAM 432 OF MMg FMMMS OF SAN D=O COUNTY, CATn'OMIA, DESMMM AS PCQW-Si fMGn N M AT A POINT ON THE WEST LIIM OF SAID BI= 27 THAT EEARS SOUTH 0 06' EAST, 175.70 FEET FROM THB NM CH- MST MRW TFR►MW, 'PHM3KE NOFMB 89 52' EABT, PAFWM WITH THE NCMH LINE OF SAID PLOCK 27 A DISTANCE CP 7.00 FEET TO THE TFUE POINT OF BDGiAT1=i THENCE ALONG SAID PARALLEL LCUE NOTCH 89 52' 00 EAST, 39.22 FEET; THENCE NOTCH 0 08' WEST, 13.00 FEET; THENCE SOUTH 89 52' WEST, 3.80 F'EB'r; THENCE NOFMH 0 08' MST, 3.25 FEET; THENCE SOUTH 89 52' WEST, 3.50 FEET; THENCE NORTH 0.08' WEST, 2.50 FEET; THENCE SOUTH 89 52' WEST, 14.00 FMI "MCE SOUTH 0 08' EAST, 2.50 FEET; . THENCE SOUTH 89 52' WEST, 4.17 FM; THENCE NORTH 0 08' WEST, 2.50 FBBT; THENCE SOUTH 69 52' WEST, 0,25 IMI THENCE SOUTH 0 06' EAST, 2.50 FM; THENCE SOUTH 89 52' WEST, 5.50 FEET; THENCE SOUTH 0 061 SABT, 6.75 FMI THENCE SOUTH 89 52' WEST, 2.50 FEED; THENCE SOUTH 0 08' EAST, 7.50 FEET; THENCE NC74MH 89 52' BAST, 2.50 PEST; THENCE SOUTH 0 08' EAST, 2.00 FELT TO THE TRCE POINT OF EXHIBIT "N" ` TO LEASE �� EXHIBIT "0" LIST OF EQUIPMENT PLAZA THEATRE EQUIPMENT INVENTORY ESTIMATED REPLACEMENT ITEM/DESCRIPTION UO ANTITK. T9L1)W 1 VALUE PROJECTION MUR - 1. Projection Heads 2 Simplex X-L $ 3,000/each Serial M66 A 1601 2. Sound Heads 2 Simplax 2,000/each Serial f3824 3. File Ara and Rollers 2 sets Kalmar 750/each 4. won Lamphousa 2 Xel amp 8540 2.700/each 5. Zenon Rectifier 2 Xelamp 8502 2,500/each 6. Council Base 2 N/A 1,500/each Property of Metro. Theatres 7. Christi Platter 2 Mini-Wind W-3 5,000/each Serial' WF257ZAA Property of Metro. Theatres 8. Christi Make-up Table 1 NK 1,500 Serial #01F1678AD Property of Metro. Theatres 9. Rewind Bench 1 Neuaade T-106 900 10. Hand Rewind 1 set Neumada X-3 500 11. Parts Cabinet 1 Neumade 475 12. Sound Rack 1 N/A 2.5M 13. Free Amplifiers 2 Altec 1669-A 2,500/each 14. Amplifiers 2 Altec 12M 2,500/each 15. Exciter Supplies 2 BMF 2,500/each 16. Flat Lens 2 Snaplight 4' 750/N 17. Kom Anamrphfc Attachment 1 Prominar 800 18. Scope Back-up Lens 2 Sankor P SOO/each 19. CO Player 1 Pioneer - Model PDM400 (See next page.) 20. Mixer A Preamplifier 1 Altec/Lansinq Model 1689A 4 EXHIBIT "0" TO LEASEi� EXHIBIT "0" ESTIMATED REPLACENUff 1?EM/DESCRIPTION UQ AMTM •TVPE/IpOEL YALUE PROPEM OF IETROPOLITAN TNEATRFS To Be Removed When Building Lamd 1. 21900 ft. Reel 14 ; 20/ea 2. 4,000 ft. Real 8 40/ee -3. 6,000 ft. Reel 2 150ha 4. Flat S• Lenses Supersits 1 Snaplite 500-750 5. Splicer 1 Mnaede 500 6. Spotlight 1 Troupette 1000 7. Film Footage Counter Storage 1 Neuuada 400 8. Spotlight 1 OTeson 500 9. Spotlight 1 Tine Square SOO 10. Popcorn Machine 1 Gold Medal 11. Butter Dispenser 1 Series 850686 12. Popcorn Veneer 1 Series 860M 13. Cash Register 1 Casio - Model #4930ER Series 6200613 14. Bar suns t EXHIBIT "0" TO LEASE EXHIBIT "0" ESTIMATED REPLACEMEM ITEM/DESCRIPTIOM 7J"TITY •TXRfRI@M VALUE PROJECTION BOOTH (coe't.) 21. Sound Processor 1 Dolby - Model CP55 22. Power Amplifier 4 JBL - Model 6290 $139000 23. Entertainment System 1 Exciter Supply Model 113C 24. Amplifier 1 AUDITORIUM - 1. Screen - 29 x 12 3/4 1 2.500 (Permanent) 2. Screen - 32 x 20 1 (Portable) 2,000 3. Speaker Racks 3 JBL-Model 4648 31000/u Serial # 13376A Serial # 016841A Serial # 13375A CONCESSION 1. Benches 3 9001p 2. Ice Machine 1 Scottsm 3.500 OFFICE 1. Ticket Machine 1 Automaticket Serial #6207 Model M6g16 EXHIBIT "0" TO LEASE l \mil EXHIBIT "P" Common Area Expense Budget All costs and expenses associated with the maintenance and repair of the Common Areas, excepting the Courtyard, which shall be maintained by Tenant, as provided in Article 11, subsections (c) and (d) , of the Lease. Landlord currently estimates the following monthly expenses for the Common Areas: 1. Trash Service (Pick-up 4 times/wk) $337 . 00 2 . Cleaning and Maintenance $123 .75 EXHIBIT Schedule of Performance o 1. Within 5 days of the date Landlord and Tenant execute the Lease, Landlord shall notify the tenant of Karen's Korner that it must quit and vacate Karen's Korner within 30 days from the date of said notice. 2 . Within 5 days of the date Landlord and Tenant execute the Lease, Landlord shall notify the current tenant of the Demised Premises (i.e. , Metropolitan) to quit and vacate the Demised Premises within 30 days after the date of such notice. 3 . Within 5 days of the date Landlord and Tenant execute the Lease, Landlord shall notify the tenant of Louise's Pantry to discontinue its use of the Courtyard (except that said tenant may continue to use the Courtyard for access to and from Louise's Pantry and the Trash Area) . 4 . Within 30 days after Metropolitan vacates the Demised Premises, Landlord shall perform any and all work necessary to insure that the electrical system which serves the Theater, including, without limitation, the electrical wiring, conduits and electrical outlets, is adequate to meet the electrical demands of the business to be operated by Tenant in the Theater. 5. Tenant shall submit the Operating Budget to Landlord within 15 days following the execution of the Lease by Landlord and Tenant. 6. Landlord shall notify Tenant of its approval or disapproval of the Operating Budget within 15 days of receiving of the same from Tenant. 7 . Tenant shall submit the Construction Budget to Landlord within 15 days after the execution of the Lease by Landlord and Tenant. 8 . Landlord shall notify Tenant of its approval or disapproval of the Construction Budget within 15 days of receiving the same from Tenant. 9 . Within 15 days after Landlord and Tenant execute the Lease, Landlord and Tenant shall execute and record a Memorandum of Sublease, in substantially the same form as Exhibit "R" . 10. Tenant shall submit to Landlord plans and/or drawings pertaining to the Theater Improvements to be constructed by Tenant within 30 days after the execution of the Lease by Landlord and Tenant. 11. Landlord shall approve or disapprove of Tenant's plans and/or drawings within ten days after submission by Tenant. 12 . Tenant shall submit the approved drawings and all appropriate permit applications to the City of Palm Springs within ten days after Landlord's approval of Tenant's drawings. 13 . Tenant shall commence constructing the Improvements within 14 days after receiving all necessary permits required by the City of Palm Springs. 14 . Landlord shall restore Karen's Korner to a broom-clean condition and repair within 5 days of the date upon which the tenant of Karen's Korner vacates Karen's Korner. 15. Landlord shall complete the construction of the Exhibit "C" Improvements referenced as C(4) , C(5) and C(6) not later than December 15, 1991. Landlord shall commence the construction of the Exhibit "C" Improvements referenced as C(1) , C(2) and C(3) and any other improvements incidental thereto which must be constructed in order to satisfy any and all codes, ordinances and/or laws of the City of Palm Springs on or after July 1, 1992 and shall complete the construction of such Exhibit "C" Improvements (and the other incidental improvements) on or before August 31, 1992; provided further that Landlord shall use all reasonable efforts not to close down Tenant's business from the Demised Premises unnecessarily while completing such improvements. 16. Tenant shall deliver the security deposit to Landlord as required by Paragraph (h) of Article 5 within 5 days of the date upon which Tenant opens the Demised Premises for business. 17 . Tenant shall submit to Landlord evidence that Tenant has obtained fidelity bond coverage on its employees on or before the date upon which Tenant commences business in the Theater. 18. Tenant shall make best efforts to have the Demised Premises open for business on or before January 31, 1992 . 0 EXHIBIT R RECORDING REQUESTED BY ) AND WHEN RECORDED RETURN TO: ) THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. ) c/o Schlecht, Shevlin & Shoenberger ) A Law Corporation (RBS) ) P. O. Box 2744 ) Palm Springs, California 92263 ) MEMORANDUM OF SUBLEASE AND RIGHT OF FIRST REFUSAL This Memorandum of Sublease is made on the day of , 1991, between COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS (the "Landlord") , and THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , a California Limited Partnership (the "Tenant") , who agree as follows: 1. Term and Premises. Landlord and Tenant have entered into a lease dated August 19 , 1991 (the "Lease") as modified by letter agreement dated August 19 , 1991 ("Letter Agreement") , whereby Landlord leased to Tenant, and Tenant leased from Landlord, that certain real property located in Palm Springs, County of Riverside, California, described in EXHIBIT "A" which is attached hereto and incorporated herein by this reference (the "Premises") . The initial term of the Lease is from September 1, 1991 through July 31 , 1992 . Pursuant to the Lease, Tenant has a right to extend the Lease for the following terms: August 1, 1992 through July 31, 1993 August 1, 1993 through July 31, 1994 August 1, 1994 through July 31 , 1995 August 1, 1995 through July 31, 1996 August 1, 1996 through July 31, 1997 August 1, 1997 through September 30, 1998 October 1, 1998 through September 30, 1999 October 1, 1999 through September 30, 2000 October 1, 2000 through September 30 , 2001 October 1, 2001 through September 30 , 2002 October 1, 2002 through September 30 , 2003 October 1, 2003 through September 30 , 2004 October 1, 2004 through September 30 , 2005 October 1, 2005 through December 31 , 2006 q, r.,: ! r 2 . Right of First Negotiation and Right of First Refusal . Pursuant to the Letter Agreement, Landlord has conveyed to Tenant a right of first negotiation to purchase the Premises and a right of first refusal to purchase the Premises, as more fully described in the Letter Agreement, which shall remain effective for the duration of the lease. 3 . Purpose of Memorandum of Lease. This Memorandum of Sublease is prepared for the purpose of recordation, and it in no way modifies the provisions of the Lease or Letter Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Memorandum of Sublease on the date first set forth above, at Palm Springs, California. Landlord: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS By: City Manager ATTEST: By: City Clerk REVIEWED AND APPROVED By: City Attorney Tenant: THE PARTNERSHIP FOR THE PERFORMING ARTS, L.P. , A California Limited Partnership By: The Rifael Corp. , a California Corporation Its: General Partner By: Riff Markowitz, President r • i STATE OF CALIFORNIA ) ) ss. COUNTY OF RIVERSIDE ) On 1991, before me, the undersigned, a Notary Public in and for said State, personally appeared RIFF MARKOWITZ, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person that executed the within instrument as President on behalf of THE RIFAEL CORPORATION, a California Corporation, the corporation therein named, and acknowledged to me that said corporation executed the within instrument pursuant to its Bylaws or a resolution of its Board of Directors, said corporation being known to me to be the general partner of THE PARTNERSHIP FOR THE PERFORMING ARTS, L. P. , a California Limited Partnership, the limited partnership that executed the within instrument, and acknowledged to me that such corporation executed the same as such partner and that such partnership executed the same. WITNESS my hand and official seal. Notary Public STATE OF CALIFORNIA ) ) ss. COUNTY OF RIVERSIDE ) On , 1991, before me, the undersigned, a Notary Public in and for said State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person that executed the within instrument as the City Manager of the City of Palm Springs on behalf of the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, and acknowledged to me that he executed the same. WITNESS my hand and official seal. Notary Public STATE OF CALIFORNIA ) ) ss. COUNTY OF RIVERSIDE ) On , 1991, before me, the undersigned, a Notary Public in and for said State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person that executed the within instrument as the City Clerk of the City of Palm Springs, and acknowledged to me that he executed the same. WITNESS my hand and official seal. 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LIK Noms 19 52, 00 'WT, 39.22 ?Wr TNO' = Na" 0 Oil GisTe 13.00 MT1 Ttr= SOIIitN 19 52' WE3'T, 3.60 PW) Tlf21CZ HOM 0 01' W=p 3.25 TW1 TNWO SO= 49 $2' GIST, 3.50 VIV1 TNP' = Mom 0,08, V=T, 2.50 MITI TNO'21C2 S[M 0 52' GZ,9'Tr 11.00 MITI Tmm= SOUTH 0 OS' mm, 1.50 mTI . nmm 9Ctmi I9 52, mT, 1.17 M71 TNwam N71rtm 0 as, MTr 3.50 rm, Tlm4m 9OU1H If 52' 4=o 1.23 rMl Thom SWM 0 OI' Vill, 2.50 MT1 Txm 6o= H 52' NW, 5.50 TW 1 TAM 9= 0 Off 9A/T, 6.75 MITI 'lg" IDUTH 19 52, WLVT, 2.50 MT1 TW1KX 80M 0 00' EAST, 7.50 r=1 THR43 NClts?! 89 32' EAST, 2.50 MT1 'Ilt N= swm 0 08' Em 1 2.00 r= TO ZZ TF13 ?cza or !'OGZZttEiO. STATE OF CALIFORNIA ) ) ss. COUNTY OF RIVERSIDE ) On 1991, before me, the undersigned, a Notary Public in and for said State, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person that executed the within instrument as the City Attorney of the City of Palm Springs, and acknowledged to me that he executed the same. WITNESS my hand and official seal. Notary Public M\9423 3\M-SUELES.DJI CERTIFICATE OF I URANCE BSDE04ii9%9s' - --I - - - -- - '� PRODUCER !! THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ON AND ' Ili CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE I; DOES NOT AMEND,EXTEND OR ALTER THE COVERAGE AFFORDED BY THE ROBERT F. DRIVER GO. , INC. I' POLICIES BELOW. I II 1620 FIFTH AVENUE SAN DIEGO, CA 92101 COMPANIES AFFORDING COVERAGE MICHAEL DRIVER LETTERYA GOLDEN EAGLE INSURANCE INSURED OOMLETTERNV B .TM d II THE PARTNERSHIP FOR THE PERFORMING ARTS rty+.7" RECEIVED COMPANY DBA: PLAZA THEATER TTER C A 128 SOUTH PALM CANYON DRIVE COMPANY 1 Aplt 2 9 +� PALM SPRINGS, CA 92262 LETTER D ' yp�� COMPANY E CITY CLERK LETTER COVERAGES THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REOUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS II CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CO POLICY EFFECTIVE POLICY EXPIRATION ^LTR TYPE OF INSURANCE POLICY NUMBER DATE(MM/DD/VV) DATE(MM/DD/YY) LIMITS GENERAL LIABILITY GENERAL AGGREGATE $ 2 a000e000 X COMMERCIAL GENERAL LIABILITY PRODUCTS-COMP/OP AGO $ 00000 INCLUDED 1� CLAIMS MADE XOCCUR CCP286174-00 10/28/94 10/28/95 PERSONAL&ADV INJURY $ 1,000,000 'A' OWNERS&CONTRACTOR'SPROT. EACH OCCURRENCE $ 1,000,000 FIRE DAMAGE(Any one fire) $ 50'0 0 0 MEO EXPENSE(Any one person) S 5,000 - -, AUTOMOBILE LIABILITY COMBINED SINGLE $ ANY AUTO LIMIT ALL OWNED AUTOS BODILY INJURY SCHEDULED AUTOS (Per person) S HIRED AUTOS BODILY INJURY I NON-OWNED AUTOS Peracmdenl S li GARAGE LIABILITY PROPERTY DAMAGE $ EXCESS LIABILITY Jv EACH OCCURRENCE $ J UMBRELLA FORM AGGREGATE $ OTHERTHAN UMBRELLA FORM -- WORK-ER'S COMPENSATION R' - - -- - - - STATUTORY LIMITS_ GACH ACCIDENT $ AND DISEASE-POLICY LIMIT $ EMPLOYERS'LIABILITY DISEASE-EACH EMPLOYEE $ OTHER DESCRIPTION OF OPE . RATIONSILOCATIONS/VEHICLES/SPECIALITEMS WIO DAYS FOR NON PAYMENT OF PREMIUM I CERTIFICATE HOLDER IS INCLUDED AS ADDITIONAL INSURED. i CERTIFICATE HOLDER CANCELLATION CITY OF PLAM SPRINGS SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE P.O. BOX 2743 THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO PALM SPRINGS, GA 92263 MAIL .<30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE COMPANY,ITS AGENTS OR REPRESENTATIVES _. ---------- AUTHORIZED REPRESENTATIVE.--..__........... ..__...__.._.._. ,.....- ..__.._..____-__...___.._-__........,I 11 ➢ d MICHAEL ACORD 25-S(7/90) V