FIRST AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT NO. 4
Exhibit 10.2
FIRST AMENDMENT TO
AMENDED AND RESTATED LEASE AGREEMENT NO. 4
THIS FIRST AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT NO. 4 (this “Amendment”) is made and entered into as of June 16, 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. 4, dated as of June 9, 2015 (the “Lease”), pursuant to which Landlord leases to Tenant and Tenant leases from Landlord certain land and/or 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 00000 Xxxxxx Xxxx Xxxx, Xxxxxx Xxxxx, Xxxxxxxx 00000, as further described on Exhibit A-37 attached to this Amendment (collectively, the “Battle Creek Property”); and
WHEREAS, Landlord and Tenant desire to amend the Lease to include the Battle Creek 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 Battle Creek Property, the date of this Amendment.
3. Minimum Rent. The defined term “Minimum Rent” set forth in Section 1.68 of the Lease is hereby deleted in its entirety and replaced with the following:
“Minimum Rent” shall mean Forty-One Million Eight Hundred Thirty-Seven Thousand Six Hundred Thirty-One Dollars ($41,837,631), 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]
- 2 -
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.
|
LANDLORD: | |
|
| |
|
HPT TA PROPERTIES TRUST | |
|
|
|
|
|
|
|
By: |
/s/ Xxxx X. Xxxxxx |
|
|
Xxxx X. Xxxxxx |
|
|
President |
|
|
|
|
|
|
|
HPT TA PROPERTIES LLC | |
|
|
|
|
|
|
|
By: |
/s/ Xxxx X. Xxxxxx |
|
|
Xxxx X. Xxxxxx |
|
|
President |
|
|
|
|
|
|
|
TENANT: | |
|
| |
|
TA OPERATING LLC | |
|
|
|
|
|
|
|
By: |
/s/ Xxxx X. Xxxxx |
|
|
Xxxx X. Xxxxx |
|
|
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 said Guarantor hereby reaffirms the Guaranty.
|
TRAVELCENTERS OF AMERICA LLC | |
|
|
|
|
|
|
|
By: |
/s/ Xxxx X. Xxxxx |
|
|
Xxxx X. Xxxxx |
|
|
Executive Vice President |
[Signature Page to 1st Amendment to Lease No. 4]
EXHIBITS A-1 through A-37
Land
Exhibit |
TA Site No. |
Property Address |
A-1 |
224 |
0000 Xxxxxxx 000 X, Xxxxxxxx, XX 00000. |
A-2 |
41 |
00000 Xxxxxx Xxxx, Xxxxxxxxx, XX 00000. |
A-3 |
346 |
00000 Xxxx Xxxxxxx Xx., Xxxxx Xxxxx, XX 00000. |
A-4 |
148 |
0000 Xxxxxx Xxxxxx, Xxxxxxxx Xxxx (Xxxxxx Xxxx), XX 00000. |
A-5 |
22 |
000 Xxxx Xxxx, Xxxxxxxxxx, XX 00000. |
A-6 |
53 |
000 Xx. Xx. 00, Xxxxxxxx, XX 00000. |
A-7 |
45 |
X.X. Xxx 000, Xxxxxxx, XX 00000. |
A-8 |
367 |
0000 Xxxxx Xx., Xxxxx, XX 00000. |
A-9 |
43 |
0000 Xxxxxxxx, Xx. Xxxxxx, XX 00000. |
A-10 |
257 |
00000 X. Xxxxx Xx. 00, Xxxxxxx, XX 00000. |
A-11 |
220 |
0000 Xxxx XX Xxx 00, Xxxxxx, XX 00000. |
A-12 |
252 |
0000 XX Xxx 00, Xxxx (Xxxx Xxxxxxxx), XX 00000. |
A-13 |
28 |
000 Xxxxxxxx Xxxx, Xxxxxx, XX 00000. |
A-14 |
180 |
0000 Xxxxx Xxxx., Xxxxxxx, XX 00000. |
A-15 |
19 |
0000 Xxxxxx Xxxx, Xxxxxx, XX 00000. |
A-16 |
175 |
0000 X. Xxxxxxx Xxxx Xxxx, Xxxxxxxxx, XX 00000. |
A-17 |
193 |
0000 X. Xxxxxxx Xx., Xxxx (Xxxxx Xxxxxx), XX 00000. |
A-18 |
6 |
0 Xxxxxxx Xxxx, Xxxxxxxx, XX 00000. |
A-19 |
81 |
0000 Xxxxxxxxxx Xxxx. XX, Xxxxxxxxxxx, XX 00000. |
A-20 |
207 |
000 Xxxxx Xxxxx Xx., Xxxxxxxxxx, XX 00000. |
A-21 |
194 |
0000 Xxxxxxxxx Xx., Xxxxx (Xxxxxxxx), XX 00000. |
A-22 |
221 |
000 Xxxxxxx Xxxx, Xxxxxxx, XX 00000. |
A-23 |
701 |
000 XX 000 Xxxx, Xxxxxxx, XX 00000. |
A-24 |
139 |
00000 XX Xx. 00 XX, Xxxxxxxxxxxxxx, XX 00000. |
A-25 |
95 |
0000 Xxxxxxx Xx. XX, Xxxxx Xxxxxx, XX 00000. |
A-26 |
152 |
X.X. Xxx 000, Xxxxx, XX 00000. |
A-27 |
67 |
0000 XX 0, Xxxxxxxxxxx (Xxxxxxxxxxx), XX 00000. |
A-28 |
68 |
0000 Xxxxxxx Xxxxxx Xxxxx, Xxxxx, XX 00000. |
A-29 |
179 |
0000 Xxxxxxxx Xxxxxxx, Xxxxxxx, XX 00000. |
A-30 |
245 |
000 Xxx. 000, Xxxxxxx (Xxxxxxx), XX 00000. |
A-31 |
34 |
000 X. Xxxxx Xxxxxx, Xxxxxxxxx, XX 00000. |
A-32 |
150 |
0000 Xxxxxx Xxxx Xxxx, Xxxxxx (Xxxxx), XX 00000. |
A-33 |
153 |
0000 Xxxxxxx Xxxxxxx, Xxxxxx, XX 00000. |
A-34 |
232 |
0000 X-00 Xxxxx, Xxx Xxxxxxxxx, XX 00000. |
X-00 |
00 |
XX0, Xxxxxx Xxxxx, XX 00000. |
A-36 |
188 |
X.X. Xxx 000, Xx. Xxxxxxx, XX 00000. |
A-37 |
242 |
00000 Xxxxxx Xxxx Xxxx, Xxxxxx Xxxxx, Xxxxxxxx 00000. |
[See attached copies.]
EXHIBIT A-37 00000 Xxxxxx Xxxx Xxxx Xxxxxx Xxxxx, Xxxxxxxx 00000 Real property in the Township of Xxxxxx, County of Xxxxxxx, State of Michigan, described as follows: Parcel I: Parcel of land situated in Xxxxxx Township, Xxxxxxx County, Michigan, all that part of the following described premises lying North of the Northerly Right-of-Way of Highway I-94: Beginning 330 feet South of the Northwest corner of Section 13, Town 2 South, Range 7 West; thence East 505.75 feet; thence South to U.S. Highway #12, formerly Territorial Road and now known as Michigan Avenue; thence Northwesterly on said Highway to the West line of Section 13; thence North to the Place of Beginning. Excepting: Part of the Xxxxxxxxx 0/0 xx Xxxxxxx 00, Xxxx 0 Xxxxx, Xxxxx 7 Xxxx, Xxxxxx Township, Xxxxxxx County, Michigan, described as: Commencing at the Northwest corner of said Section 13; thence South 00 degrees 09 minutes 47 seconds East 330.00 feet along the West line of said Section 13; thence South 89 degrees 26 minutes 17 seconds East, 505.75 feet; thence South 00 degrees 09 minutes 47 seconds East, 914.10 feet to the Point of Beginning; thence North 89 degrees 19 minutes 40 seconds West, 49.88 feet; thence South 59 degrees 50 minutes 13 seconds West, 62.49 feet; thence South 34 degrees 37 minutes 09 seconds West, 13.42 feet; thence South 60 degrees 09 minutes 47 seconds East, 74.65 feet; thence North 89 degrees 50 minutes 13 seconds East, 47.00 feet; thence North 00 degrees 09 minutes 47 seconds West, 78.86 feet to the Point of Beginning. Parcel II: Also, beginning at the Northwest corner of Section 13, Town 2 South, Range 7 West; running thence East 505.56 feet; thence South 330 feet; thence West 505.56 feet; thence North 330 feet to the Place of Beginning, Township of Xxxxxx, Xxxxxxx County, Michigan. |
EXHIBIT B
NEW PROPERTIES
TA Site No. |
|
Property Address |
346 |
|
00000 Xxxx Xxxxxxx Xx., Xxxxx Xxxxx, XX 00000. |
367 |
|
0000 Xxxxx Xx., Xxxxx, XX 00000. |
252 |
|
0000 XX Xxx 00, Xxxx (Xxxx Xxxxxxxx), XX 00000. |
153 |
|
0000 Xxxxxxx Xxxxxxx, Xxxxxx, XX 00000. |
242 |
|
00000 Xxxxxx Xxxx Xxxx, Xxxxxx Xxxxx, Xxxxxxxx 00000. |