Shared Executive Office Cost Sharing Arrangement among AMC Networks, MSG, MSG Networks, and Charles Dolan Family Office

Summary

AMC Networks, The Madison Square Garden Company, MSG Networks, and the Charles Dolan Family Office have agreed to share the costs of a jointly used executive office in Oyster Bay, New York. Each party will pay a portion of the lease, utilities, and other office expenses based on the space and headcount they use. The agreement will continue until the lease ends and will automatically renew for one-year terms unless a party gives at least 90 days' notice to end it.

EX-10.1 2 amcx-6302016xex101.htm EXHIBIT 10.1 Exhibit

Exhibit 10.1

Shared Executive Space

Cost Sharing Arrangement

AMC Networks Inc. (“AMC”), The Madison Square Garden Company (“MSG”), MSG Networks Inc. (“MSGN”), and the Charles Dolan Family Office (“DFO”) have jointly established an executive office in Oyster Bay, New York (the “Office”) for certain of their respective personnel.

The Office will be operated under a lease agreement. Lease costs and related variable expenses (e.g., office cleaning, utilities, photocopier) and certain on-going security costs will be allocated based upon the relative square footage utilized, initially, as follows: MSG (12.67%), MSGN (12.67%), AMC (30.50%) and the DFO (40.16%). Technology support costs will be allocated based on relative headcount, initially, as follows: MSG (11.11%), MSGN (11.11%), AMC (33.34%) and the DFO (44.44%).

It is expected that this arrangement will remain in place until the lease expiration date and thereafter for successive one-year terms unless any party provides written notice to the other parties of its desire not to renew, such notice to be provided not less than 90 days prior to the end of the then current term.