FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
Exhibit 2.2
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is made as of this 21st day of September, 2011, by and between 111 EAST XXXXXX, LLC, a Delaware limited liability company (“Seller”) and HUB PROPERTIES TRUST, a Maryland real estate investment trust (“Buyer”).
WHEREAS, Seller and Buyer entered into that certain Purchase and Sale Agreement (the “Agreement”) dated as of August 19, 2011 for the sale and purchase of the office building located at 000 Xxxx Xxxxxx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, and more particularly described in the Agreement (the “Property”);
WHEREAS, Seller and Buyer desire to amend certain terms and provisions of the Agreement as hereinafter provided.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
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1.
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Notwithstanding anything to the contrary in the Agreement, the Inspection Period is hereby extended until 5:00 p.m., central time, on September 22, 2011.
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2.
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The Agreement is hereby ratified and all the terms and conditions of the Agreement remain in full force and effect as therein written, except as amended or modified hereby. In the event of any conflict between the terms of this Amendment and the terms and provisions of the Agreement, the terms and provisions of this Amendment shall govern and control.
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3.
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All defined terms used but which are not otherwise defined herein shall have the meaning given such terms in the Agreement.
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4.
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This Amendment may be executed in one or more counterparts, each of which when taken together shall constitute one and the same original. To facilitate the execution and delivery of this Amendment, the parties may execute and exchange counterparts of the signature pages by facsimile or e-mail, and the signature page of either party to any counterpart may be appended to any other counterpart.
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[SIGNATURES ON NEXT PAGE FOLLOWING]
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day, month and year first above written.
SELLER:
111 EAST XXXXXX, LLC,
a Delaware limited liability company
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By:
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Parkway Chicago, LLC, a Delaware limited liability company, its sole member
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By:
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/s/ Xxxx Xxxxxx
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Name:
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Xxxx Xxxxxx
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Title:
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Vice President
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By:
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/s/ Xxxxx X. Xxxxxx
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Name:
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Xxxxx X. Xxxxxx
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Title:
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CIO and Executive Vice President
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PURCHASER:
HUB PROPERTIES TRUST
a Maryland real estate investment trust
By: /s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title:
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