Attached files

file filename
EX-10.4 - THIRD AMENDMENT TO PURCHASE & SALE AGREEMENT - Strategic Realty Trust, Inc.d474754dex104.htm
EX-10.5 - FOURTH AMENDMENT TO PURCHASE & SALE AGREEMENT - Strategic Realty Trust, Inc.d474754dex105.htm
EX-99.1 - PRESS RELEASE - Strategic Realty Trust, Inc.d474754dex991.htm
EX-10.1 - PURCHASE & SALE AGREEMENT - Strategic Realty Trust, Inc.d474754dex101.htm
EX-10.3 - SECOND AMENDMENT TO PURCHASE AGREEMENT - Strategic Realty Trust, Inc.d474754dex103.htm
8-K - FORM 8-K - Strategic Realty Trust, Inc.d474754d8k.htm

Exhibit 10.2

FIRST AMENDMENT TO

PURCHASE AND SALE AGREEMENT

This First Amendment to Purchase and Sale Agreement (this “Amendment”) is made and entered into as of this 26th day of November, 2012 by and between TNP SRT WAIANAE MALL, LLC, a Delaware limited liability company (“Seller”) and A & B PROPERTIES, INC., a Hawaii corporation (“Purchaser”) with respect to the real property and improvements located at 86-120 Farrington Highway, Waianae, Hawaii 96792.

Recitals

WHEREAS, Seller and Purchaser entered into that certain Purchase and Sale Agreement dated as of October 10, 2012 (the “Agreement”); and

WHEREAS, Seller and Purchaser seek to further amend the Agreement as set forth below.

Agreement

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller and Buyer hereby agree as follows:

1. Defined Terms. All capitalized terms used in this Amendment but not otherwise defined shall have their same meanings as set forth in the Agreement.

2. Due Diligence Period. Notwithstanding anything to the contrary in the Agreement, the Due Diligence Period shall be deemed to expire at 5:00 Hawaii time, on November 28, 2012.

3. Ratifications. Except as specifically herein amended, all terms, provisions, conditions and exhibits contained in the Agreement, as modified by the First Amendment, are hereby confirmed, ratified and restated and shall remain unmodified and in full force and effect.

4. Counterparts; Signatures. This First Amendment may be executed in any number of counterparts and by each of the undersigned on separate counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts put together shall constitute but one and the same First Amendment. Signatures to this First Amendment transmitted by .pdf, electronic mail or other electronic means shall be treated as originals in all respects for purposes of this First Amendment.

5. Successors and Assigns. This First Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

[Remainder of Page Intentionally Left Blank. Signatures Follow on Next Page.]


IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of the date first written above.

 

SELLER:   TNP SRT WAIANAE MALL, LLC,
  a Delaware limited liability company
  By:     TNP Secured Holdings, LLC,
      a Delaware limited liability company
  Its:     Member
      By:      TNP Strategic Retail Operating

Partnership, LP, a Delaware limited partnership

      Its:      Member
      By:  

TNP Strategic Retail Trust, Inc.,

a Maryland corporation

      Its:   General Partner
      By:  

/s/ Tim O’ Brien

      Name:  

Tim O’ Brien

      Its:  

Co-CEO

 

PURCHASER:       A&B PROPERTIES, INC.,

a Hawaii corporation

      By:  

/s/ Lance K. Parker

      Name:  

Lance K. Parker

      Its:  

Vice President

      By:  

/s/ Alyson J. Nakamura

      Name:  

Alyson J. Nakamura

      Its:  

Secretary