FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
Exhibit 6.2
FIRST AMENDMENT TO
This
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this
“First
Amendment”), is made as of this 19th day of January,
2017 (the “Effective
Date”), by and between USAA REAL ESTATE COMPANY, a Delaware
corporation (“Seller”);
and HC GOVERNMENT REALTY HOLDINGS,
L.P., a Delaware limited partnership, or its permitted
assigns (“Buyer”).
RECITALS
A. Seller and Buyer
entered into that certain Purchase and Sale Agreement regarding the
purchase of the Property (the “Agreement”),
effective as of December 28, 2016, which Property is more
particularly described in the Agreement.
B. The parties have
agreed to modify and amend the Agreement as more particularly set
forth in this First Amendment.
AMENDMENT
NOW,
THEREFORE, in consideration of the mutual promises herein and other
good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged by the Parties, the Parties agree as
follows:
1. Definitions. All capitalized
terms used this in this First Amendment but not otherwise defined
shall have their same meanings as set forth in the
Agreement.
2. No Public Disclosure. Section
12.7 of the Agreement is hereby modified to include the following
paragraph following the existing language contained in Section
12.7:
Notwithstanding the foregoing, Purchaser has
advised Seller that Purchaser may be required to file, in
compliance with certain laws and regulations (including, without
limitation, Regulation S-X of the Securities and Exchange
Commission (“SEC”)),
audited financial statements, pro forma financial statements and
other financial information related to the Property for up to one
(1) fiscal year prior to Closing and any interim period during the
fiscal year in which the Closing occurs (the
“Financial
Information” ). If
Purchaser or its principals give notice to Seller that it is (or
they are) obligated to provide such information, following the
Closing and for a period of ninety (90) days thereafter, Seller
agrees to use its commercially reasonable efforts to cooperate with
Purchaser and its representatives and agents in the preparation of
the Financial Information; provided, however, Seller shall not be
required to (i) incur any out of pocket expenses or costs unless
Purchaser reimburses Seller for the same, or (ii) provide
information that was previously made available to Purchaser.
For a period of ninety (90) days after Closing, Seller shall
maintain, and after reasonable advance written notice from
Purchaser, Seller shall provide to Purchaser copies of such books
and records of Seller and its property manager reasonably related
to the Property except as otherwise limited by the terms of this
Agreement. Further, so long as the persons in charge of
management of the Property at the time of Closing remain in the
employ of Seller or an affiliate of Seller, after reasonable
written notice to Seller, it will make such persons available for
interview; provided, however, that Seller shall be allowed to have
other representatives present during any such interviews.
Notwithstanding the foregoing, Seller shall not be required to
provide any information concerning (a) Seller’ s, or any of
Seller’ s affiliate’ s or member’ s (collectively
with Seller, the “Seller
Financial Parties”),
capital structure or debt, (b) any Seller Financial
Parties’ financial analyses or projections, investment
analyses, account summaries or other documents prepared solely for
any Seller Financial Parties’ internal purposes or not
directly related to the operation of the Property, (c) any Seller
Financial Parties’ tax returns, or (d) any Seller
Financial Parties’ financial statements (other than
Property-level financial statements otherwise required pursuant to
this Section 12.7). Seller acknowledges and agrees that any
information provided or made available pursuant to this Section
12.7 will, to Seller’s knowledge at the time provided, be
true, accurate and complete in all material respects. Purchaser
acknowledges and agrees that Purchaser may not use any
information provided pursuant
to this Section 12.7 or the results of its review or interviews
pursuant to this Section 12.7 to pursue any claim against any
Seller or any of the Seller Financial Parties.
3. Ratification. The parties
hereby ratify and affirm the Agreement, which Agreement shall
remain in full force and effect, except as specifically modified by
this First Amendment.
4. Counterpart Signatures. This
First Amendment may be signed in any number of counterparts, each
of which shall be deemed to be an original and all of which taken
together shall constitute one and the same instrument.
5. Facsimile and PDF Signatures.
Handwritten signatures to this First Amendment transmitted by
telecopy or electronic mail (for example, through use of a Portable
Document Format or “PDF” file) shall be valid and
effective to bind the party so signing. Each party to this First
Amendment shall be bound by its own telecopied or electronically
transmitted handwritten signature and shall accept the telecopied
or electronically transmitted handwritten signature of the other
party to this First Amendment.
[Remainder of page intentionally
left blank; signatures to follow on next
pages.]
IN
WITNESS WHEREOF, the parties hereto have executed this First
Amendment as of the date first written above.
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SELLER:
USAA
REAL ESTATE COMPANY, a
Delaware
corporation
By:
/s/ Xxxx
Xxxx
Name: Xxxx
Xxxx
Title:
Deputy CFO
Date:
January 19, 2017
BUYER:
HC
GOVERNMENT REALTY HOLDINGS, L.P., a
Delaware
limited partnership
By:
/s/ Xxxxxx X.
Xxxxxx
Title: Authorized
Signatory
Date: January 18,
2017
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