STANDARD INDUSTRIAL LEASE -- NET
AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION
[LOGO OF AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION]
1. Parties. This Lease, dated, for reference purposes only, December 1, 1993, is made by and between P & R
Investment Company, a California General Partnership (herein called "Lessor") and Image Entertainment, Inc., a
Corporation (herein called "Lessee").
2. Premises. Lessor hereby leases to Lessee and Lessee leases from Lessor for the term, at the rental, and upon
all of the conditions set forth herein, that certain real property situated in the County of Los Angeles State of
California, commonly known as 9333 Oso Avenue, Chatsworth, CA 91311 and
described as an approximately 30,080 square foot industrial building on lots 8 & 9, Tract 31225, recorded in
Book 843, pages 62-65 in the office of the Los
Angeles County Recorder's Office and part of lot 7, Tract 31225 as shown on
Exhibit "A" attached hereto and made a part hereof by this reference. Said real property including the land and all
improvements therein, is herein called "the Premises".
3.1 Term. The term of this Lease shall be for Six (6) Years commencing on April 1, 1994 and ending on March
31, 2000 unless sooner terminated pursuant to any provision hereof.
See Addendum Paragraph 1
3.2 Delay in Possession. Notwithstanding said commencement date, if for any reason Lessor cannot deliver
possession of the Premises to Lessee on said date, Lessor shall not be subject to any liability therefor, nor shall
such failure affect the validity of this Lease or the obligations of Lessee hereunder or extend the term hereof, but
in such case, Lessee shall not be obligated to pay rent until possession of the Premises is tendered to Lessee;
provided, however, that if Lessor shall not have delivered possession of the Premises within sixty (60) days from
said commencement date, Lessee may, at Lessee's option, by notice in writing to Lessor within ten (10) days