COLLATERAL ASSIGNMENT OF LEASE

Prepared by and after recording return to:

Harlan W. Robins, Esq.

Dickinson Wright PLLC

15 N. 4th Street

Columbus, Ohio  43215

COLLATERAL ASSIGNMENT OF LEASE

 

FOR VALUE RECEIVED, the undersigned, DC Cranford Cinema, LLC, a Delaware limited liability company, as Borrower, does hereby transfer, sell, assign, set over and convey unto Northlight Trust I, a Delaware statutory trust, as Lender, all of its right, title and interest in and to that certain Lease Agreement more particularly described on the attached Exhibit A, as collateral security for Borrower’s obligations to Lender under that certain Loan Agreement between Borrower and certain of its affiliates, and Borrower’s parent, Digital Cinema Destinations Corp., a Delaware corporation, of even date herewith (the “Loan”).

 

TOGETHER WITH all rights, title and interest in and to said Lease Agreement, as “tenant/lessee” therein, as additional collateral security for the Loan.

 

DATED this  27th day of September, 2012.

 

 

STATE OF NEW JERSEY		)
		) ss.
COUNTY OF UNION		)

 

This instrument was acknowledged before me on September 27, 2012, by A. Dale Mayo, the Manager of DC Cranford Cinema, LLC, a Delaware limited liability company.

 

 [SEAL]

 

 

 

Exhibit A

Lease Agreement between Cranford Theatre Holding Co., L.L.C. (“Landlord”) and DC Cranford Cinema, LLC (“Tenant”) dated December 31, 2010.