<PAGE> 1
OMB APPROVAL
OMB NUMBER: 3235-0145
EXPIRES: OCTOBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER FORM......14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 9)*
SHOWBIZ PIZZA TIME, INC.
------------------------
(Name of Issuer)
COMMON STOCK, $0.10 PAR VALUE
-----------------------------
(TITLE OF CLASS OF SECURITIES)
0008253881309
---------------
(CUSIP NUMBER)
RICHARD J. LAMPEN, EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL
---------------------------------------------------------------
NEW VALLEY CORPORATION
----------------------
100 S.E. SECOND STREET, 32ND FLOOR
----------------------------------
MIAMI, FL 33131 (305) 579-8000
-------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
JANUARY 16, 1996
----------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE> 2
<TABLE>
<S> <C> <C>
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 2 OF 17 PAGES
------------- - --
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
NEW VALLEY CORPORATION
-------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) /x/
-------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------------
4 Source of Funds*
-------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
-------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
NEW YORK
-------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power 609,519
Number of ----------------------------------------------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially ----------------------------------------------------------------------------------------------------
Owned by Each 9 Sole Dispositive Power 609,519
Reporting Person ----------------------------------------------------------------------------------------------------
With 10 Shared Dispositive Power
-------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person 609,519
-------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
-------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 4.9%
-------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person* CO
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
<TABLE>
<S> <C> <C>
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 3 OF 17 PAGES
------------- - --
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
ALKI HOLDINGS II, INC.
---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) /x/
---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds*
---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power 609,519
Number of ------------------------------------------------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially ------------------------------------------------------------------------------------------------------
Owned by Each 9 Sole Dispositive Power 609,519
Reporting Person ------------------------------------------------------------------------------------------------------
With 10 Shared Dispositive Power
---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person 609,519
---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 4.9%
---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person* CO; HC
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
<TABLE>
<S> <C> <C>
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 4 OF 17 PAGES
------------- - --
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
NEW VALLEY HOLDINGS, INC.
--------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) /x/
--------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------------------------------------------------
4 Source of Funds*
--------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
--------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
--------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power 609,519
Number of -----------------------------------------------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially -----------------------------------------------------------------------------------------------------
Owned by Each 9 Sole Dispositive Power 609,519
Reporting Person -----------------------------------------------------------------------------------------------------
With 10 Shared Dispositive Power
--------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person 609,519
--------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
--------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 4.9%
--------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person* CO; HC
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 5
<TABLE>
<S> <C> <C>
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 5 OF 17 PAGES
------------- - --
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
BGLS INC.
--------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) /x/
--------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
--------------------------------------------------------------------------------------------------------------------------
4 Source of Funds*
--------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
--------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
--------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power 609,519
Number of -----------------------------------------------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially -----------------------------------------------------------------------------------------------------
Owned by Each 9 Sole Dispositive Power 609,519
Reporting Person -----------------------------------------------------------------------------------------------------
With 10 Shared Dispositive Power
--------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person 609,519
--------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
--------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 4.9%
--------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person* CO; HC
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 6
<TABLE>
<S> <C> <C>
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 6 OF 17 PAGES
------------- - --
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
BROOKE GROUP LTD.
---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) /x/
---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds*
---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
DELAWARE
---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power 609,519
Number of ------------------------------------------------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially ------------------------------------------------------------------------------------------------------
Owned by Each 9 Sole Dispositive Power 609,519
Reporting Person ------------------------------------------------------------------------------------------------------
With 10 Shared Dispositive Power
---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person 609,519
---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 4.9%
---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person* CO; HC
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 7
<TABLE>
<S> <C> <C>
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 7 OF 17 PAGES
------------- - --
Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
BENNETT S. LEBOW
---------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) /x/
---------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
---------------------------------------------------------------------------------------------------------------------------
4 Source of Funds*
---------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) / /
---------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
UNITED STATES
---------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power 609,519
Number of ------------------------------------------------------------------------------------------------------
Shares 8 Shared Voting Power
Beneficially ------------------------------------------------------------------------------------------------------
Owned by Each 9 Sole Dispositive Power 609,519
Reporting Person ------------------------------------------------------------------------------------------------------
With 10 Shared Dispositive Power
---------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person 609,519
---------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
---------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 4.9%
---------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person* IN
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 8
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 8 OF 17 PAGES
PRELIMINARY STATEMENT
New Valley Corporation, ALKI Holdings II, Inc. ("ALKI"),
New Valley Holdings, Inc., BGLS Inc., Brooke Group Ltd. and Bennett S.
LeBow (collectively, the "New Valley Reporting Persons") hereby file
jointly this Amendment No. 9 to supplement the Schedule 13D filed
jointly by, among others, the New Valley Reporting Persons (other than
ALKI) with the Securities and Exchange Commission on April 26, 1995, as
previously amended by Amendments Nos. 1-8 thereto (as amended, the
"Schedule 13D"), relating to the common stock, par value $.10 per share
(the "Common Stock"), of Showbiz Pizza Time, Inc. ("Showbiz"). Unless
otherwise defined herein, all terms used herein shall have the meanings
ascribed to them in the Schedule 13D.
Item 2 is hereby amended as follows:
ITEM 2. IDENTITY AND BACKGROUND
(a) ALKI, a Delaware corporation and an indirect
wholly-owned subsidiary of New Valley, became a New Valley
Reporting Person on or about December 26, 1995.
(b),(c) ALKI was organized by New Valley on December 22, 1995
as an indirect wholly-owned subsidiary to hold, among other
things, New Valley's equity interest in Showbiz. On December
26, 1995, New Valley transferred 711,519 shares of Common
Stock to ALKI. A list of the directors and executive officers
of ALKI is attached hereto as Exhibit J. The address of ALKI
and its directors and executive officers is 103 Springer
Building, 3411 Silverside Road, Wilmington, Delaware 19810.
Item 5 is hereby amended as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date hereof, the New Valley Reporting
Persons beneficially own an aggregate of 609,519 shares of
Common Stock (the "Shares"), which constitute approximately
4.9% of the 12,215,177 shares of Common Stock outstanding as
of September 29, 1995 (as reported in Showbiz's quarterly
report on Form 10-Q for the quarterly period ended September
30, 1995).
(b) As of the date hereof, the New Valley Reporting
Persons exercise sole voting and dispositive power over the
Shares.
(c) The New Valley Reporting Persons effected the
following transactions in the Common Stock during the past
sixty (60) days:
<TABLE>
<CAPTION>
Trade Date Nature of Transaction Quantity Price Per Share($)
---------- --------------------- -------- -----------------
<S> <C> <C> <C>
12/07/95 NASDAQ-Disposition* 50,000 12.50
01/02/96 NASDAQ-Disposition** 7,500 12.56
01/02/96 NASDAQ-Disposition** 2,500 12.50
01/03/95 NASDAQ-Disposition** 10,000 12.50
01/04/96 NASDAQ-Disposition** 10,000 12.37
01/09/96 NASDAQ-Disposition** 10,000 12.37
01/09/95 NASDAQ-Disposition** 2,000 12.37
01/11/96 NASDAQ-Disposition** 10,000 12.37
01/16/96 NASDAQ-Disposition** 10,000 12.37
01/16/95 NASDAQ-Disposition** 10,000 12.37
01/16/96 NASDAQ-Disposition** 10,000 12.43
01/16/96 NASDAQ-Disposition** 5,000 12.56
01/16/96 NASDAQ-Disposition** 5,000 12.56
01/16/96 NASDAQ-Disposition** 5,000 12.43
01/16/96 NASDAQ-Disposition** 5,000 12.37
</TABLE>
* By New Valley
** By ALKI
<PAGE> 9
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 9 OF 17 PAGES
(e) As of January 16, 1996, the New Valley Reporting
Persons ceased to be the beneficial owners of more than 5% of
the Common Stock.
Item 7 is hereby amended as follows:
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit J: Executive Officers and Directors of ALKI
Holdings II, Inc.
Exhibit K: Termination Agreement dated as of December 7,
1995, between New Valley Corporation and
Canyon Partners Incorporated.
Exhibit L: Joint Filing Agreement among the New Valley
Reporting Persons dated the date hereof.
<PAGE> 10
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 10 OF 17 PAGES
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 17, 1996
NEW VALLEY CORPORATION
By: /s/ Gerald E. Sauter
-------------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
ALKI HOLDINGS II, INC.
By: /s/ Gerald E. Sauter
-------------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
NEW VALLEY HOLDINGS, INC.
By: /s/ Gerald E. Sauter
-------------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BGLS INC.
By: /s/ Gerald E. Sauter
-------------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BROOKE GROUP LTD.
By: /s/ Gerald E. Sauter
--------------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BENNETT S. LEBOW
By: /s/ Bennett S. LeBow
-------------------------------------
<PAGE> 11
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 11 OF 17 PAGES
EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequentially Numbered Page
Exhibit No. Title: on Which Exhibit Begins:
- ----------- ------ ----------------------------
<S> <C> <C>
J Executive Officers and Directors of ALKI p. 12
Holdings II, Inc.
K Termination Agreement dated as of p. 14
December 7, 1995, between New Valley
Corporation and Canyon Partners Incorporated
L Joint Filing Agreement among the New Valley p. 16
Reporting Persons dated the date hereof.
</TABLE>
<PAGE> 12
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 12 OF 17 PAGES
EXHIBIT J:
<PAGE> 13
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 13 OF 17 PAGES
EXHIBIT J
Executive Officers and Directors of ALKI Holdings II, Inc.
<TABLE>
<CAPTION>
Name: Position
----- ------------------------------------------
<S> <C>
Bennett S. LeBow Chairman of the Board, President and Chief Executive Officer
Gerald E. Sauter Director, Vice President, Chief Financial Officer and Treasurer
Howard M. Lorber Director
Marc N. Bell Secretary
</TABLE>
<PAGE> 14
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 14 OF 17 PAGES
EXHIBIT K:
<PAGE> 15
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 15 OF 17 PAGES
CANYON PARTNERS INCORPORATED
9665 WILSHIRE BOULEVARD
SUITE 200
BEVERLY HILLS, CALIFORNIA 90212
December 7, 1995
Mr. Bennett S. LeBow
Chairman of the Board and
Chief Executive Officer
NEW VALLEY CORPORATION
100 S. E. Second Street
Miami, Florida 33131
Dear Mr. LeBow:
In accordance with our understanding, this letter terminates the
Letter Agreement dated March 15, 1995 (the "Agreement"), between Canyon
Partners Incorporated ("Canyon") and New Valley Corporation and its affiliates
and affiliated group (collectively, the "Company") as of the date hereof in all
respects except as follows:
The provisions of Section II (concerning compensation), Section V
(concerning governing law), Section VIII (concerning confidentiality/advice),
Section XI (concerning termination) and Exhibit A (concerning indemnification)
survive termination of this Agreement. The Company's obligations under Exhibit
A are understood to include the costs and expenses incurred by and to be
incurred by Canyon and Joshua S. Friedman in the Kansas action filed by Michael
Magusiak relating to the election of Mr. Friedman as a director of Showbiz
Pizza Time, Inc. ("Showbiz"); provided, however, that the Company's obligation
under Exhibit A is intended to supplement any entitlements that the Indemnified
Parties (as defined in Exhibit A) including, without limitation, Joshua S.
Friedman, as a director of Showbiz, may have to make claims against Showbiz for
indemnification and advancement of expenses; and it is understood that the
Company's obligation under Exhibit A shall only be applicable to the extent
Showbiz fails to provide indemnification or advancement of expenses on a timely
basis and to the extent any amounts indemnified against or advanced are not
satisfied by insurance, and that if the Company pays any amounts pursuant
hereto, it shall be subrogated to Indemnified Parties' rights, if any, against
Showbiz and with respect to any insurance. Prior to making any claim against
the Company, Indemnified Parties shall make a written request for
indemnification or advancement from Showbiz, if appropriate.
If the foregoing correctly reflects our understanding, please so
indicate by signing and returning to the undersigned the enclosed copy of this
letter.
Very truly yours,
CANYON PARTNERS INCORPORATED
By: /s/ R. Christian B. Evensen
AGREED TO:
NEW VALLEY CORPORATION on
behalf of itself and its affiliates
By: /s/ Howard M. Lorber
--------------------
President
<PAGE> 16
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 16 OF 17 PAGES
EXHIBIT L:
<PAGE> 17
SCHEDULE 13D
CUSIP NO. 0008253881309 PAGE 17 OF 17 PAGES
EXHIBIT L
Joint Filing Agreement (pursuant to Rule 13d-1(f)(1) under the Securities and
Exchange Act of 1934, as amended)
Each of the undersigned hereby agrees to be included in the
filing of Amendment No. 9 to the Schedule 13D dated April 26, 1995 and any
subsequent amendments hereto, relating to the shares of Common Stock, $.10 par
value per share, of Showbiz Pizza Time, Inc. beneficially owned by each of the
undersigned.
January 17, 1996
NEW VALLEY CORPORATION
By: /s/ Gerald E. Sauter
----------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
ALKI HOLDINGS II, INC.
By: /s/ Gerald E. Sauter
----------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
NEW VALLEY HOLDINGS, INC.
By: /s/ Gerald E. Sauter
----------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BGLS INC.
By: /s/ Gerald E. Sauter
----------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BROOKE GROUP LTD.
By: /s/ Gerald E. Sauter
----------------------------------
Name: Gerald E. Sauter
Title: Chief Financial Officer
BENNETT S. LEBOW
By: /s/ Bennett S. LeBow
----------------------------------
