THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT
THIRD AMENDMENT TO
THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT (“First Amendment”), dated as of July 7, 2014, is entered into by and between XXXXXX XXXXXX, INC. (“Seller”), and XXXXXXX DEUTSCH XXXXXXXX & XXXXXXXXX, LLP (“Purchaser”), with reference to the following facts:
A.Seller and Purchaser have entered into that certain Purchase and Sale Agreement dated as of May 13, 2014 as amended by a First Amendment to Purchase and Sale Agreement dated June 12, 2014 and a Second Amendment to Purchase and Sale Agreement dated July 1, 2014 (collectively the “Purchase Agreement”) for the sale of the Property, as more particularly described in the Purchase Agreement.
B.Seller and Purchaser now desire to amend the Purchase Agreement in certain respects, as provided for hereinbelow. Capitalized terms not defined herein have the meanings specified in the Purchase Agreement.
NOW THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Seller and Purchaser hereby agree as follows:
1.Amendments to Purchase Agreement. The Purchase Agreement is hereby amended as follows:
a.End of the Inspection Period. Seller and Purchaser agree Section 1.7 of the Purchase Agreement shall be amended to read as follows: End of the Inspection Period shall mean 5:00 p.m. New Jersey time on July 10, 2014.
2.Successor and Assigns. This Third Amendment shall be binding upon and inure to the benefit of the parties, their respective heirs, legal representatives, successors and assigns.
3.Counterparts. This Third Amendment may be executed in multiple counterparts each of which is deemed an original but together constitute one and the same instrument. Signatures sent via facsimile or electronic mail, including but not limited to signatures in the form of PDF files, scanned images, etc., shall constitute original signatures for the purposes of this Agreement.
4.Status of Purchase Agreement. Except as specifically amended by this Third Amendment, the Purchase Agreement remains unchanged and, as amended by this Third Amendment, the Purchase Agreement is in full force and effect.
2331492
IN WITNESS WHEREOF, the undersigned have duly executed this Third Amendment as of the date first above written.
SELLER: | XXXXXX XXXXXX, INC. |
By: /s/ Xxx Xxxxxxx Name: Xxx Collins Title: SVP & CFO | |
PURCHASER: | XXXXXXX DEUTSCH XXXXXXXX & XXXXXXXXX, LLP /s/ Xxxxx X. Xxxxxxxx Name: Title: Partner |
2
