mr. osbourne took possession per the court order on january 3, 2012. the existing lease will expire march 132013. -- march 13, 2013. once the sale closes, the back rent of just under $95,000 will be paid to the port. they're entering into a new lease that will extend the existing term by 10 years to derive the following benefits to both parties. a new lease will provide the maximum investment into a facility that has been long neglected, which includes not having a properly operating kitchen. the property most recently had fallen into being used as a nightclub anbar only. mr. osborn's projections show there will be $1 million in construction in improvements and another $1.5 million. a new lease will allow the implementation of updated laws and ordinances to include card check and ada requirements. a new lease will enhance the current terms by providing increased revenue opportunities through sharing in 7% of gross revenues. a new lease will allow him to attract investors needed to make this a successful venture. he has a proven track record with three

mr. osbourne took possession per the court order on january 3, 2012. the existing lease will expire march 132013. -- march 13, 2013. once the sale closes, the back rent of just under $95,000 will be paid to the port.

osbourne. ♪[ music ] >> reporter: they all trusted him and he got the shots. >> as being mr. logical.e more like -- they were more like creatures almost than people. i saw the magic. >> reporter: rock's 40-year career began when he was 19. and it started with a few pictures of pink floyd's sid baron. ♪[ music ] that led to a meeting with david bowy in 1972. ♪[ music ] changes, turn and face the train. changes. >> magical. i think david was -- he was a master of his craft, and i learned through protocol. >> he would become bowie's private photographer and that would lead him to other up and coming rock stars. >> i was one, lucky, and, two, i had good instincts. >> reporter: divine intervention never hurts either. >> and my name, of course. you know, you know, the truth, what can i tell you? >> that really your name? >> yes. >> and that sounds like i invented it but i didn't. >> reporter: he dishd about some of his images, not all rockers. this is truman capote and andy warhol for "high times" magazine in 1979. >> and they were -- and too drunk and couldn't get into it. >> reporter: the