FIRST AMENDMENT TO AGREEMENT OF SETTLEMENT AND RELEASE
Exhibit 10.58.1
FIRST AMENDMENT TO AGREEMENT OF SETTLEMENT AND RELEASE
In or about September, 2007, AH INVESTORS, LLC., a California limited liability corporation (“AH Investors”); PASSCO SAVE, LLC, a Delaware limited liability company (“Passco”)1; UNIFIED WESTERN GROCERS, INC., a California corporation (“Unified”); and LOMO, INC., a California corporation (“Lomo”) (collectively, the “Parties”) executed an Agreement of Settlement and Release (“Agreement”) the subject of which was the real property located in Sacramento at 0000-0000 Xxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxx 00000 (the “Shopping Center”), and various legal actions relating thereto.
Paragraph 3.4 of the Agreement provides, in part:
In the event the Closing Date does not occur by December 28, 2007, this Agreement and the releases and covenants contained herein shall be null and void and of no force and effect, and neither AH Investors, Unified, nor Passco shall have any obligation to dismiss the Lawsuit.
Passco and Lomo have recently advised the Parties that the Closing Date has been extended from December 28, 2007 to on or before January 10, 2008. As a consequence, the Parties have agreed to amend Paragraphs 3.3 and 3.4 of the Agreement to permit the Agreement to be consummated notwithstanding this later Closing Date
1 | “Passco” as defined in this Agreement of Settlement and Release includes the following persons or entities: Passco Save, LLC, a Delaware limited liability company, Passco Rite, LLC, a Delaware limited liability company, Xxxxx Street, LLC, a Delaware limited liability company, CC Properties, L.P., Xxxxxxx Xxxxxxx, a single man, Xxxx X. Xxxxxxxx, a married woman as her sole and separate property, Jung Xxxx Xxxx and Xxx Xxxx, Trustees of The Chen Family Trust Agreement dated May 3, 1989, Xxxx Xxxxx Xxxxxx, Trustee of the Xxxx Xxxxx Xxxxxx Living Trust dated 9/23/91, R.U. Partners, a general partnership, Xxxxxxx X. Xxxxx, as Trustee under that certain Declaration of trust executed April 22, 2003, Xxxxxxx X. X’Xxxxx, a married man as his sole and separate property, Xxxxxx X. Xxxxx and Xxxxxx X. Xxxxx, Trustees of the Xxxxxx X. Xxxxx Family Trust dated 3/16/99, the Xxxx X. Xxxxxx, Xx., Trustee of the Xxxx X. Xxxxxx, Xx. Living Trust U/A/D 12/07/93, collectively as tenants in common. |
Therefore, the Parties hereto agree as follows:
1. In accordance with Paragraph 7.2 of the Agreement, the Parties, through counsel, hereby amend Paragraphs 3.3 and 3.4 of the Agreement to replace any reference to “December 28, 2007” with “January 10, 2008.”
2. All other provisions of the Agreement are to remain in full force and effect.
3. This Amendment may be executed in counterparts and transmitted by fax, mail, or scanned and emailed.
Dated: 12-27, 2007 | XXXXX XXXXXXXX & XXXXXXXX LLP | |||
By: | /s/ Xxxxxx X. Xxxxxxx | |||
Xxxxxx X. Xxxxxxx, Esq., Attorneys for Unified | ||||
Dated: 12-28, 2007 | XXXXXX & XXXX LLP | |||
By: | /s/ Xxxx Xxxxxx | |||
Xxxx Xxxxxx, Esq., Attorneys for Passco | ||||
Dated: 12/27, 2007 | ||||
By: | /s/ Xxx X. Xxxxxxxx | |||
Xxx X. Xxxxxxxx, Esq. | ||||
Attorneys for AH Investors | ||||
Dated: 12/28, 2007 | LOEB, KOSACZ & XXXXXXXX, LLP | |||
By: | /s/ Xxxxxxx X. Xxxxxxx | |||
Xxxxxxx X. Xxxxxxx, Esq., | ||||
Attorneys for Lomo |