COLLATERAL ASSIGNMENT OF LEASE

Contract Categories: Real Estate - Lease Agreements
EX-10.25 11 e610115_ex10-25.htm Unassociated Document
Exhibit 10.25

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.
 
 
DC Cranford Cinema, LLC, a Delaware limited liability company
 
       
 
By:
/s/ A. Dale Mayo  
       
  Name: A. Dale Mayo  
       
  Title: Manager  
 
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.
 
 
/s/ Gary S. Loffredo       
   
Notary Public
 
 
 [SEAL]
 
 
 

 
 
Exhibit 10.25

Prepared by and after recording return to:

Harlan W. Robins, Esq.
Dickinson Wright PLLC
15 N. 4th Street
Columbus, Ohio  43215
 
Exhibit A

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