New York-New York-One Hudson Square Lease [Amendment No. 2] - Trinity Church and Photodisc Inc.
SECOND AMENDMENT OF LEASE
This SECOND AMENDMENT OF LEASE, made as of this 20th day of November,
2001, between THE RECTOR, CHURCH WARDENS AND VESTRYMEN OF TRINITY CHURCH IN THE
CITY OF NEW YORK, having its office and address at 74 Trinity Place in the
Borough of Manhattan, City, County and State of New York (hereinafter referred
to as the "Landlord") and PHOTODISC, INC., a corporation organized under the
laws of the State of Washington, having an address at 601 North 34th Street,
Seattle, Washington 98103 (hereinafter referred to as the "Tenant")
WITNESSETH:
WHEREAS, the Landlord and Tenant entered into an agreement of lease,
dated as of April 1, 2000, as amended by First Amendment of Lease dated as of
October 31, 2001 (collectively, the "Lease") wherein the Landlord leased to the
Tenant the entire 4th and 6th floors and a portion of the 5th floor as described
in the lease (the "Original Premises"), in the building of the Landlord known as
75 VARICK STREET (A/K/A ONE HUDSON SQUARE), New York, New York for a term to
commence April 1, 2000 and expire (unless sooner terminated in accordance with
the provisions of the lease) on March 31, 2015 at the rentals and upon the other
terms, covenants and conditions in such lease set forth; and
WHEREAS, Landlord and Tenant wish to further amend the Lease with
respect to the leasing of a portion of the fifth floor premises known as the
"Mason Tender Space"; and
WHEREAS, capitalized terms used herein shall have the same meaning
ascribed to them in the Lease.
<PAGE>
NOW, THEREFORE, in consideration of the premises and the mutual promises
of the parties hereto, Landlord and Tenant hereby agree that, effective as of
the date set forth above, the Lease shall be modified as follows:
1. Anything in the Lease to the contrary notwithstanding, subject to
Article One (g) of the Lease, Tenant's right to occupy the Mason Tender Space,
and the obligation to pay rent, additional rent and other charges with respect
to the Mason Tender Space shall commence as of the date vacant possession of the
Mason Tender Space is delivered to the Tenant in accordance with the terms of
the Lease following the expiration or earlier termination of the lease for the
Mason Tender Space as a result of a default by, or the insolvency of Mason
Tender.
2. Getty Images, Inc. ("Getty") joins in this agreement to confirm that
(a) the Lease Guaranty Agreement dated April 6, 2000 (the "Guaranty"), pursuant
to which Getty guaranteed the obligations of Tenant under the Lease remains in
full force and effect, (b) Getty consents to Tenant's entering into this Second
Amendment of Lease, (c) Getty agrees that the obligations of Tenant guaranteed
by Getty pursuant to the Guaranty include the obligations assumed by Tenant
under this Second Amendment of Lease, and (d) that the reference in the Guaranty
to the "Lease" shall mean the Lease as modified by this Second Amendment of
Lease.
3. The Lease is hereby ratified and the parties confirm that, except as
modified hereby, the Lease remains unmodified and in full force and effect.
4. This agreement may be executed in counterparts which, when taken
together shall constitute a single agreement.
2
<PAGE>
IN WITNESS WHEREOF, the parties have caused these presents to be duty
executed as of the day and year first above written.
THE RECTOR, CHURCH-WARDENS AND
VESTRYMEN OFTRINITY CHURCH IN THE
CITY OF NEW YORK
By: /s/ Stephen D. Heyman
-----------------------------------------
Director of Leasing
By:
-----------------------------------------
Executive Vice President of Real Estate
By: [Signature Illegible]
-----------------------------------------
Finance Department
PHOTODISC, INC.
By: (L.S.)
-----------------------------------
Name:
Title:
GETTY IMAGES, INC.
By:
-----------------------------------------
Name:
Title:
3
<PAGE>
IN WITNESS WHEREOF, the parties have caused these presents to be duly
executed as of the day and year first above written.
THE RECTOR, CHURCH-WARDENS AND
VESTRYMEN OFTRINITY CHURCH IN THE
CITY OF NEW YORK
By:
-----------------------------------------
Director of Leasing
By: [Signature Illegible]
-----------------------------------------
Executive Vice President of Real Estate
By:
-----------------------------------------
Finance Department
PHOTODISC, INC.
By: (L.S.)
-----------------------------------
Name:
Title:
GETTY IMAGES, INC.
By:
-----------------------------------------
Name:
Title:
3
<PAGE>
TN WITNESS WHEREOF, the parties have caused these presents to be duly
executed as of the day and year first above written.
THE RECTOR, CHURCH-WARDENS AND
VESTRYMEN OF TRINITY CHURCH IN THE
CITY OF NEW YORK
By:
-----------------------------------------
Director of Leasing
By:
-----------------------------------------
Executive Vice President of Real Estate
By:
-----------------------------------------
Finance Department
PHOTODISC, INC.
By: [Signature Illegible] (L.S.)
-----------------------------------
Name:
Title:
GETTY IMAGES, INC.
By: [Signature Illegible]
-----------------------------------------
Name:
Title:
3