FIRST AMENDMENT TO
Exhibit 10.20
3339 South Fort Xxxx
00000 X. Xxxxxxxxx Xxx., Xxxx Xxxxx, XX
FIRST AMENDMENT
TO
This First Amendment to Purchase and Sale Agreement (this “Amendment”) is entered into on December _____, 2012 by and between FIRST STATES INVESTORS 3300 B, L.P., a Delaware limited partnership, having an address c/o GKK Realty Advisors, LLC, 000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (“Seller”), and NATIONAL FINANCIAL REALTY – WFB EAST COAST, LLC, a Delaware limited liability company, having an address c/o National Financial Realty, Inc., 00000 Xxxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000 (“Purchaser”).
W I T N E S S E T H :
WHEREAS, Seller and Purchaser entered into that certain Purchase and Sale Agreement dated as of November 6, 2012 (“Original Agreement”) the property located at 00000 X. Xxxxxxxxx Xxx., Xxxx Xxxxx, XX (“Property”); and
WHEREAS, Seller and Purchaser desire to amend the Original Agreement on the terms and conditions hereinafter set forth.
NOW, THEREFORE, the parties agree to amend the Original Agreement as follows:
1. Contingency Approval Date. Notwithstanding anything to the contrary in Original Agreement, the Contingency Approval Date set forth in Section 5.1(a) of the Original Agreement is hereby amended to mean 11:59 p.m. (California time) on Friday, December 21, 2012.
2. Seller’s Initial Notice. Notwithstanding anything to the contrary in the Original Agreement, Seller’s Initial Notice shall be delivered by Seller to Purchaser no later than 8:00 a.m. (California time) on Friday, December 21, 2012.
3. Counterparts. This Amendment may be executed and delivered (including by facsimile transmission or portable document format (PDF)) in one or more counterparts, each of which when executed shall be deemed to be an original, and all of which taken together shall constitute one and the same agreement, with the same effect as if the signatures thereto and hereto were upon the same instrument.
4. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of California.
5. No Modification. Except as modified by this Agreement, all of the terms, covenants, conditions and provisions of the Original Agreement shall remain and continue
unmodified, in full force and effect. From and after the date hereof, the term “this Agreement” shall be deemed to refer to the Original Agreement, as amended by this Amendment. If and to the extent that any of the provisions of this Amendment conflict or are otherwise inconsistent with any provisions of the Original Agreement, the provisions of this Amendment shall prevail.
6. Amendment. This Amendment cannot be modified in any manner except by a written agreement signed by Seller and Purchaser.
IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by or on behalf of each of the parties as of the date first written above.
SELLER:
FIRST STATES INVESTORS 3300 B, L.P.,
a Delaware limited partnership
By: | /s/ Xxxxx X. Xxxxxx |
Xxxxx X. Xxxxxx
Chief Financial Officer
PURCHASER:
NATIONAL FINANCIAL REALTY – WFB EAST
COAST, LLC,
a Delaware limited liability company
By: | National Financial Realty, Inc. |
a California corporation
Its Manager
By: | /s/ Xxxxxxx X. Xxxxxxxxx |
Xxxxxxx X. Xxxxxxxxx
President
Schedule 1
Purchase and Sale Agreement First Amendments (Right of First Refusal Properties)
Property Name | State | Property Type | Rentable SF | Purchase Price | Purchaser |
3401 - Plaza | PA | Office | 481,958 | $39,343,510 | National Financial Realty - WFB East Coast, LLC |
3357 - Mortgage Center | NC | Office | 450,393 | $36,766,776 | National Financial Realty - WFB East Coast, LLC |
3438 - WVOC-Four Story | VA | Operations | 443,181 | $27,133,531 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxx Xxx Xxxxxx | XX | Office | 343,336 | $28,027,429 | National Financial Realty - WFB East Coast, LLC |
3343 - Atlant Ops Cntr | GA | Operations | 335,608 | $27,396,571 | National Financial Realty - WFB East Coast, LLC |
3415 - Columbia Grystn | SC | Office | 240,976 | $19,671,510 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxxxxx Xxxxx | XX | Office | 187,743 | $15,325,959 | National Financial Realty - WFB East Coast, LLC |
3354 - Greenville Sals | NC | Office | 111,898 | $9,134,531 | National Financial Realty - WFB East Coast, LLC |
3441 - West End Cntr | NC | Operations | 85,455 | $6,975,918 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxxxx Xxxxxxxx | XX | Office | 75,937 | $4,029,310 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxxxxxxx Xxxxxx | XX | Office | 59,045 | $1,835,371 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxxxxxx Xxxx | XX | Office | 50,759 | $2,018,348 | National Financial Realty - WFB East Coast, LLC |
3371 - Morristown Offc | NJ | Office | 39,955 | $1,588,745 | National Financial Realty - WFB East Coast, LLC |
3413 - Chalstn 16 Brd | SC | Office | 39,558 | $3,229,224 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxx Xxxx Xxxxx | XX | Office | 35,660 | $3,784,327 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxx Xxxxxx | XX | Office | 27,967 | $1,112,062 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxxx Xxxx Xxxx | XX | Office | 25,370 | $909,933 | National Financial Realty - WFB East Coast, LLC |
3376 - Red Bank Mn Off | NJ | Office | 23,856 | $2,531,657 | National Financial Realty - WFB East Coast, LLC |
3433 - VA Beach Pembrk | VA | Office | 22,403 | $1,828,816 | National Financial Realty - WFB East Coast, LLC |
0000 - Xxxx Xxxxxx Xxx | XX | Branch | 19,063 | $1,556,163 | National Financial Realty - WFB East Coast, LLC |
3422 - Blacksburg | VA | Branch | 10,912 | $433,898 | National Financial Realty - WFB East Coast, LLC |
3423 - Brookneal | VA | Branch | 5,339 | $435,837 | National Financial Realty - WFB East Coast, LLC |