STANDARD INDUSTRIAL LEASE - NET
AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION
[LOGO OF AMERCIAN INDUSTRIAL REAL ESTATE ASSOCIATION]
1. Parties. This Lease, dated, for reference purposes only, March 1, 1999 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 9349 Oso Avenue, Chatsworth, CA 91311 and
described as approximately 15,440 square foot concrete tilt up industrial building. 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 Five (5) years commencing on May 1, 1999 and ending on April
30, 2004 unless sooner terminated pursuant to any provision hereof.
See Addendum Paragraph 48.
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 ninety
(90) days from said commencement date, Lessee may, at Lessee's option, by notice in writing to Lessor within
ten (10) days thereafter, cancel this Lease, in which event the parties shall be discharged from all obligations
hereunder; provided further, however, that if such written notice of Lessee is not received by Lessor within said
ten (10) day period, Le