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EXHIBIT 10.63
THE SPORTS CLUB COMPANY, INC.
00000 XXXXX XXXXXX XXXX., XXXXX 000
XXX XXXXXXX, XX 00000
June 10, 1997
C1670-000
VIA FACSIMILE; ORIGINAL BY COURIER
Millennium Entertainment Partners, L.P.
0000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxx X. Xxxxxxx
Re: THE SPORTS CLUB COMPANY, INC./INVESTMENT TERMS
Dear Xxxxx:
Reference is made to the Letter Agreement dated March 13, 1997 (the
"Letter Agreement"), pursuant to which Millennium Entertainment Partners, L.P.
has agreed to acquire an equity ownership interest in the Sports Club Company,
Inc. ("SCC") for an aggregate purchase price (the "Purchase Price") of ten
million dollars ($10,000,000.00) as provided therein, and SCC will acquire, as
part of the Purchase Price, certain interests in Reebok Sports Club/NY, Ltd.
(the "Partnership"). Capitalized terms used but not defined herein shall have
the meaning set forth in the Letter Agreement. The parties have agreed,
notwithstanding the terms of Paragraph 14(k) of the Letter Agreement, to extend
the term of the Letter Agreement and to effect the Closing on or about June 12,
1997. In addition, the Schedules delivered by SCC to Millennium pursuant to
the Letter Agreement are amended as set forth in the Schedules attached hereto,
and Millennium consents to the changes reflected reflected therein.
Except as modified, the Letter Agreement shall remain in full force
and effect.
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If the foregoing is acceptable to you, please date and sign the
enclosed copy of this letter and return it to me.
Very truly yours,
THE SPORTS CLUB COMPANY, INC.
By: /s/ Xxxx X. Xxxxxxx
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Xxxx Xxxxxxx, President
Agreed and accepted this __ day of June, 1997, at New York,
New York.
MILLENNIUM ENTERTAINMENT PARTNERS L.P.
By: MILLENNIUM ENTERTAINMENT CORP.
By: /s/ Xxxxx Xxxxxxx
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Xxxxx X. Xxxxxxx,
Authorized Officer
