EXHIBIT 10
AMENDMENT 3 TO THE INDEMNIFICATION AGREEMENT
THIS AMENDMENT (this "Amendment") is entered into as of the 11th day
of July, 2005, by and among Atlantic Realty Trust ("Seller" ) and Kimco Realty
Corporation ("Buyer") and amends the Indemnification Agreement entered into as
of March 28, 2005 by and among the Seller and Buyer (as amended by those certain
Amendments dated May 12, 2005, June 14, 2005, and by this Amendment, the
"Indemnification Agreement").
RECITALS
A. Buyer and Seller entered into the Indemnification Agreement which,
INTER ALIA, provided for a 45 day Exclusivity Period;
B. On May 12, 2005, Buyer and Seller entered into an amendment to the
Indemnification agreement which extended the Exclusivity Period until June 12,
2005; and
C. On June 14, 2005, Buyer and Seller entered into an amendment to
the Indemnification agreement which extended the Exclusivity Period until July
11, 2005; and
D. Buyer and Seller desire to further extend the Exclusivity Period.
NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:
AGREEMENT
1. The Indemnification Agreement is hereby amended to provide that all
references therein to the Exclusivity Period shall refer to the period
commencing on March 28th, 2005 and ending on August 5, 2005. All other
provisions of the Indemnification Agreement shall remain in full force and
effect in accordance with their terms.
2. The laws of the State of New York shall govern the validity, construction,
enforcement, and interpretation of this Amendment, except for the conflict of
law provisions thereof which would result in the application of the laws of
another jurisdiction. This Amendment may be executed in a number of identical
counterparts. If so executed, each of such counterparts is to be deemed an
original for all purposes and all such counterparts shall, collectively,
constitute one agreement.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]
NOW WHEREFORE, the parties hereto have executed this Amendment
as of the date first set forth above.
SELLER:
ATLANTIC REALTY TRUST
By: /s/ Xxxx X. Xxxxxxx
---------------------------------------
Name: Xxxx X. Xxxxxxx
Title: Chairman of the Board and
President
Address for notices:
Atlantic Realty Trust
000 0xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxx Xxxxxxx
With a copy to (which shall not
constitute notice):
Proskauer Rose LLP
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Attention: Xxxxx X. Xxxx, Esq.
[Signature Page to Amendment 2 to Indemnification Agreement]
BUYER:
KIMCO REALTY CORPORATION
By: /s/ Xxxxx X. Xxxxx
---------------------------------------
Name: Xxxxx X. Xxxxx
Title: Vice President, Treasurer
Address for notices:
Kimco Realty Corporation
0000 Xxx Xxxx Xxxx Xxxx
Xxx Xxxx Xxxx, Xxx Xxxx 00000-0000
Attention: General Counsel
With a copy to (which shall not
constitute notice):
Wachtell, Lipton, Xxxxx & Xxxx
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxx X. Xxxxxxxx, Esq.
[Signature Page to Amendment to Indemnification Agreement]
