SECOND AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT NO. 2
Exhibit 10.1
SECOND AMENDMENT TO
AMENDED AND RESTATED LEASE AGREEMENT NO. 2
THIS SECOND AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT NO. 2 (this “Amendment”) is made and entered into as of June 23, 2015 by and between HPT TA PROPERTIES TRUST, a Maryland real estate investment trust, and HPT TA PROPERTIES LLC, a Maryland limited liability company, as landlord (collectively, “Landlord”), and TA OPERATING LLC, a Delaware limited liability company, as tenant (“Tenant”).
W I T N E S S E T H:
WHEREAS, Landlord and Tenant are parties to that certain Amended and Restated Lease Agreement No. 2, dated as of June 9, 2015, as amended by that certain First Amendment to Amended and Restated Lease Agreement No. 2, dated as of June 16, 2015 (as so amended, the “Lease”), pursuant to which Landlord leases to Tenant and Tenant leases from Landlord certain land and improvements, all as set forth in the Lease; and
WHEREAS, as of the date of this Amendment, HPT TA Properties Trust has acquired from Tenant certain land and improvements comprising a travel center having an address at 000 Xxxxxx Xxxxxxx, Xxxxxxxxxx, Xxxxxxxxxx 00000, as further described on Exhibit A-37 attached to this Amendment (collectively, the “Livingston Property”); and
WHEREAS, Landlord and Tenant desire to amend the Lease to include the Livingston Property as a Property (as defined in the Lease);
NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree, as of the date of this Amendment, as follows:
1. Capitalized Terms. Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given such terms in the Lease.
2. Commencement Date. The defined term “Commencement Date” shall mean, with respect to the Livingston Property, the date of this Amendment.
3. Minimum Rent. The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is hereby deleted in its entirety and replaced with the following:
“Minimum Rent” shall mean Forty-Two Million Eight Hundred Fifty-Nine Thousand One Hundred Sixty-Nine Dollars ($42,859,169), subject to adjustment as provided in Section 3.1.1(b).
4. Leased Property. Section 2.1(a) of the Lease is hereby amended by deleting the reference to “Exhibits A-1 through A-36” in the second line thereof and replacing it with a reference to “Exhibits A-1 through A-37”.
5. Exhibit A. Exhibit A to the Lease is hereby amended by (a) deleting the initial page entitled “EXHIBITS A-1 through A-36” therefrom in its entirety and replacing it with the page entitled “EXHIBITS A-1 through A-37” attached hereto and (b) adding Exhibit A-37 attached to this Amendment immediately following Exhibit A-36 to the Lease.
6. Exhibit B. Exhibit B to the Lease is hereby deleted in its entirety and replaced with Exhibit B attached to this Amendment.
7. Ratification. As amended hereby, the Lease is hereby ratified and confirmed and all other terms remain in full force and effect.
[Signature Page Follows]
IN WITNESS WHEREOF, Landlord and Tenant have caused this Amendment to be duly executed, as a sealed instrument, as of the date first above written.
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LANDLORD: | |
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HPT TA PROPERTIES TRUST | |
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By: |
/s/ Xxxx X. Xxxxxx |
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Xxxx X. Xxxxxx |
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President |
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HPT TA PROPERTIES LLC | |
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By: |
/s/ Xxxx X. Xxxxxx |
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Xxxx X. Xxxxxx |
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President |
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TENANT: | |
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TA OPERATING LLC | |
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By: |
/s/ Xxxx X. Xxxxx |
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Xxxx X. Xxxxx |
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Executive Vice President |
Reference is made to that certain Guaranty Agreement, dated as of June 9, 2015, given by TRAVELCENTERS OF AMERICA LLC, a Delaware limited liability company (the “Guarantor”), to Landlord with respect to Tenant’s obligations under the Lease (the “Guaranty”). Guarantor hereby confirms that all references in such Guaranty to the word “Lease” shall mean the Lease, as defined therein, as amended by this Amendment (and any prior amendments referenced in this Amendment), and said Guarantor hereby reaffirms the Guaranty.
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TRAVELCENTERS OF AMERICA LLC | |
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By: |
/s/ Xxxx X. Xxxxx |
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Xxxx X. Xxxxx |
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Executive Vice President |
[Signature Page to 2nd Amendment to Lease No. 2]
EXHIBITS A-1 through A-37
Land
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Exhibit |
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TA Site No. |
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Property Address |
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A-1 |
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54 |
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9201 Grand Bay Xxxxxx Xx, Xxxxx Xxx (Xxxxxx), XX 00000. |
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A-2 |
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7 |
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0000 X. Xxxxxx Xxxx, Xxxx, XX 00000. |
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A-3 |
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94 |
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000 Xxxx Xxxxx Xxxxxx, Xxxxxxx, XX, 00000. |
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A-4 |
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33 |
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000 Xxxxxxx 000 Xxxxx, Xxxxx (Xxxx Xxxxxxx), XX 00000. |
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A-5 |
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227 |
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0000 Xxxxxxx Xx., Xxxxxxx, XX 00000. |
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A-6 |
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57 |
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00000 Xxxxxxxx Xx., Xxxxxxx, XX 00000. |
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A-7 |
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248 |
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1650 C.R. 000 Xxxx, Xxxxxxxxxxxx (Xxxxxxxxxxxx Xxxxx), XX 00000. |
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A-8 |
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158 |
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00000 Xxxx Xxxxxxx Xxxx., Xxxxxxx (Xxxxx), XX 00000. |
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A-9 |
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156 |
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00000 Xxxxxxx 000 Xxxxx, Xxxxxxxx, XX 00000. |
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A-10 |
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249 |
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0000 Xxxxxxxxx Xxxx, Xxxx Xxxx, XX 00000. |
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A-11 |
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167 |
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0000 Xxxxxxxx, Xxxxx, XX 00000. |
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A-12 |
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30 |
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00000 Xxxxxxx Xx., Xxxxxxx (Xxxxxxx Xxxxx), XX 00000. |
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A-13 |
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199 |
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000 Xxxxxxxxxxxx Xxxx, Xxxx, XX 00000. |
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A-14 |
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65 |
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0000 X. Xxxxxx Xxxxxx, Xxxxxxx, XX 00000. |
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A-15 |
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66 |
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0000 Xxxxx 0xx Xxxxxx, Xxxxxxx Xxxxxx, XX 00000. |
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A-16 |
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237 |
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0000 Xxxxxxxxx Xx., Xxxxxxxxx, XX 00000. |
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A-17 |
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69 |
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0000 X. Xxxxx Xxx, Xxxxxx, XX 00000. |
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A-18 |
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190 |
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00000 Xxxxxx Xxxxx, Xxxxxx, XX 00000. |
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A-19 |
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52 |
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000 Xxxxx Xxxxxxxx, Xxx Xxxxx, XX 00000. |
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A-20 |
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90 |
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000 Xxxxxxxxxxx Xxxxx , Xxxxxxxx, XX 00000. |
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A-21 |
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108 |
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0000 Xxxx Xxxxxx Xxxxx, Xxx Xxxxx, XX 00000. |
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A-22 |
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48 |
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000 Xx. Xx. 000, Xxxxxxxxxx, XX 00000. |
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A-23 |
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00 |
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XX 00 - Xxx 000, Xxxxx Xxxx, XX 00000. |
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A-24 |
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209 |
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00 Xxxxxxxxx Xxxxx, Xxxxxxxxxxx, XX 00000. |
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A-25 |
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2 |
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0000 XX Xxxxxxx 00, Xxxxxxxx (Xxxxxxxxxx), XX 00000. |
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A-26 |
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39 |
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00000 Xxxxxxxxx Xx., Xxxxxx, XX 00000. |
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A-27 |
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29 |
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0000 Xx. Xx. 000, Xxxxxxxxxx, XX 00000. |
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A-28 |
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59 |
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000 Xxxxx Xxxxxx Xxxx, Xxxxxxxx Xxxx (Xxxx), XX 00000. |
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A-29 |
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56 |
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00000 Xxxxx Xxxx, XX, Xxxxxx (Xxxxxxxx), XX 00000. |
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A-30 |
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215 |
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0000 Xxxxx Xxxx, Xxxx (Xxxxxxxxxxx), XX 00000. |
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A-31 |
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12 |
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0000 Xxxxxxxxxxx Xxxx, Xxxxxxxxxx, XX 00000. |
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A-32 |
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13 |
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000 Xxxxxx Xxxx, Xxxxxxxxx, XX 00000. |
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A-33 |
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17 |
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0000 Xxxxxxxx Xxxx, Xxxxxxx, XX 00000. |
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A-34 |
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230 |
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000 Xxxx Xxxxxxxxxx 00, Xxx Xxxxxx, XX 00000. |
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A-35 |
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147 |
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0000 X-00 Xxxx , Xxx Xxxxxxx, XX 00000. |
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A-36 |
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1 |
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000 X. Xxxxxx Xxxx, Xxxxxxx (Xxxxxxxx), XX 00000. |
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A-37 |
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170 |
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000 Xxxxxx Xxxxxxx, Xxxxxxxxxx, XX 00000. |
[See attached copies.]
EXHIBIT A-37
000 Xxxxxx Xxxxxxx
Xxxxxxxxxx, Xxxxxxxxxx 00000
PARCEL 1 AS SHOWN ON MAP ENTITLED, “PARCEL MAP FOR XXXXXXX X. XXXXX” RECORDED JULY 24, 2001 IN VOLUME 88 OF PARCEL MAPS AT PAGES 37 AND 38, MERCED COUNTY RECORDS. BEING A DIVISION OF PARCEL 3 AND THE REMAINDER PARCEL AS SHOWN ON THE “PARCEL MAP FOR XXXXXX X. XXXXX” RECORDED IN VOLUME 85 OF PARCEL MAPS, AT PAGES 10 AND 11 OF SAID COUNTY RECORDS.
SAID PROPERTY BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
PARCEL 1, AS SHOWN ON THE “PARCEL MAP FOR XXXXXXX X. XXXXX” RECORDED IN BOOK 88 OF PARCEL MAPS AT PAGES 37 AND 38, MERCED COUNTY RECORDS.
SAID PARCEL BEING IN THE XXXXXXXXX XXXXXXX XX XXXXXXX 00, XXXXXXXX 0 XXXXX, XXXXX 11 EAST, MOUNT DIABLO BASE AND MERIDIAN, CITY OF XXXXXXXXXX, COUNTY OF MERCED, STATE OF CALIFORNIA.
THE EXTERIOR BOUNDARY OF SAID PARCEL IS MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A 3/4” IRON PIPE, TAGGED L.S. 6494 MARKING THE NORTHWEST CORNER OF SAID PARCEL 1; THENCE S89°40’26”E 598.41 FEET ALONG THE SOUTH RIGHT OF WAY LINE OF XXXXXX XXXXX DRIVE TO A 3/4” IRON PIPE, TAGGED L.S. 6494; THENCE ALONG A XXX-XXXXXXX 00 FOOT RADIUS CURVE, CONCAVE TO THE SOUTHWEST WHOSE RADIUS BEARS S00°27’53”W, A DISTANCE OF 63.73 FEET, THROUGH A CENTRAL ANGLE OF 91°17’07” TO A 3/4” IRON PIPE, TAGGED L.S. 6494; THENCE ALONG A 2452.50 FOOT RADIUS CURVE, CONCAVE TO THE EAST, WHOSE RADIUS BEARS S88°15’00”E, A DISTANCE OF 53.41 FEET THROUGH A CENTRAL ANGLE OF 1°14’52” TO A 3/4” IRON PIPE, TAGGED L.S. 6494; THENCE S00°30’08”W 123.23 FEET ALONG THE WEST RIGHT OF WAY LINE OF SAID XXXXXX PARKWAY TO A 3/4” IRON PIPE, TAGGED L.S. 6494; THENCE S00°30’08”W 353.60 FEET TO THE NORTH LINE OF PARCEL 2 AS SHOWN ON SAID PARCEL MAP; THENCE S89°31’55”W 223.44 FEET ALONG SAID NORTH LINE; THENCE S00°01’25”W 204.16 FEET ALONG THE WEST LINE OF SAID PARCEL 2 TO THE NORTH RIGHT OF WAY LINE OF THAT CERTAIN STREET KNOWN AS “B” STREET; THENCE S89°31’55”W 424.75 FEET ALONG SAID NORTH RIGHT OF WAY LINE TO A 3/4” IRON PIPE, TAGGED L.S. 6944; THENCE N01°07’37”E 784.44 FEET TO THE POINT OF BEGINNING.
TOGETHER WITH RIGHTS PURSUANT TO DRAINAGE EASEMENT DATED AUGUST 1, 2001 AND RECORDED SEPTEMBER 27, 2001 AT BOOK 4277, PAGE 807 OF SAID COUNTY RECORDS.
APN: 022-020-005-000
EXHIBIT B
New Properties
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TA Site No. |
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Property Address |
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237 |
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0000 Xxxxxxxxx Xx., Xxxxxxxxx, XX 00000. |
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170 |
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000 Xxxxxx Xxxxxxx, Xxxxxxxxxx, XX 00000. |
