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10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/23/2018
Entire Document
 

 

Lease Agreement

This Lease Agreement, (this “Lease”) dated as of May 26, 2015 (the “Effective Date”), is by and between SY Arden way llc, a California limited liability company (“Landlord”), SYUFY ENTERPRISES, a California limited partnership (“Existing Landlord”) solely for the purpose of Article 22, Termination of Existing Lease, and Century Theatres, Inc., a California corporation (“Tenant”)

Background

A.Landlord is the fee simple owner of a certain parcel of real property located in the unincorporated area of Sacramento County, California, as legally described on Exhibit B attached hereto (“Landlord’s Parcel”) and shown on Exhibit A, and Landlord Affiliates (as herein defined) own certain other parcels of real property immediately adjacent to Landlord's Parcel as shown on Exhibit A (“Affiliate Parcels”) located at the intersection of Arden Way and Howe Avenue, Sacramento, California on which Landlord and Landlord Affiliates intend to redevelop a retail shopping center that is to be known as the Howe ‘Bout Arden Center (as more particularly described below, the “Center”), substantially as depicted on Exhibit A attached hereto.

B.Tenant is currently a tenant in the Center under the terms and conditions of that certain Lease, dated September 30, 1995, between Existing Landlord and Tenant (as  amended, the “Existing Lease”)  

C.Subject to the terms and conditions of this Lease, Existing Landlord and Tenant desire to terminate the Existing Lease and Landlord desires to lease to Tenant and Tenant desires to lease a portion of the Center, containing approximately 65,219 square feet of land outlined on Exhibit A‑1 hereto (as more particularly described below, the “Demised Land”).

D.Accordingly, Landlord and Tenant hereby agree as follows:

Article 1

Basic Lease Information

Section 1.1.Reference Data.  The following reference data constitutes certain terms of this Lease.  Whenever any data is referred to as “approximately” or “estimated,” said data shall be determined in the manner provided in this Lease and such estimate shall be disregarded.

 

Landlord:

 

sy arden way llc, a California limited liability company

Tenant:

 

Century Theatres, Inc., a California corporation

Demised Land:

 

The portion of the Center that is depicted as the Permissible Building Area on Exhibit A attached hereto, containing approximately 65,219 square feet of land area, upon which Tenant shall build the Building described below, subject to Section 2.1(b) below.

Floor Area of Premises:

 

Approximately 65,219 square feet.

Center:

 

Howe ‘Bout Arden Center

Initial Term:

 

Fifteen (15) Lease Years.

Extension Terms:

 

Three (3) consecutive option terms of five (5) Lease Years each plus one (1) option term of four (4) Lease Years and eleven (11) months.