SIXTH AMENDMENT TO AGREEMENT OF SALE

EX-10.18 8 v369307_ex10-18.htm EXHIBIT 10.18

 

SIXTH AMENDMENT TO
AGREEMENT OF SALE

 

THIS SIXTH AMENDMENT TO AGREEMENT OF SALE (the “Amendment”) is entered into as of the 14th day of November, 2013, between OAKTREE SLR, LLC, a Massachusetts limited liability company (the “Seller”) and SENTIO-SLR BOSTON PORTFOLIO, LLC, a Delaware limited liability company (the “Buyer”).

 

RECITALS:

 

A.           Seller and Buyer are parties to that certain Agreement of Sale dated August 28, 2013, as amended (the “Agreement”), pursuant to which Seller agreed to sell, and Buyer agreed to purchase, certain real property located at 1190 Adams Street, Dorchester, Massachusetts, as more particularly described in the Agreement.

 

B.           Seller and Buyer desire to amend the Agreement, upon the terms and conditions set forth in this Amendment.

 

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

 

AGREEMENTS:

 

1.     Recitals, Definitions. The foregoing recitals are true and correct and are incorporated herein by reference. Capitalized but undefined terms used in this Amendment shall have the meanings given to them in the Agreement.

 

2.     Section 9.1 is hereby amended to read as follows:

 

Closing Date and Place. The Closing shall take place on the date which is five (5) business days following the satisfaction of all conditions to Closing contained in ARTICLE VII and ARTICLE VIII, or at such earlier or later date and time as may be expressly agreed upon in writing by the Buyer and Seller (the “Closing Date”) but in no event later than November 27, 2013, as such date may be extended by the mutual agreement of the parties. The Closing shall be accomplished by the Buyer and Seller depositing the Closing Documents into escrow with the Title Insurer and Buyer and Seller issuing their respective instructions to the Title Insurer without the need for attending in person unless the parties mutually agree otherwise.

 

3.     Effect of Amendment. To the extent any provisions contained herein conflict with the Agreement or any other agreements between Seller and Buyer, oral or otherwise, the provisions contained herein shall supersede such conflicting provisions contained in the Agreement or other agreements. Except as specifically modified by this Amendment, the Agreement remains in full force and effect and is in all events ratified, confirmed and approved.

 

4.     Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original, but all of which, together, shall constitute one and the same instrument. Delivery of signatures by e-mail or facsimile shall be valid and binding.

 

[Signature Page Follows]

 

 
 

 

IN WITNESS WHEREOF, the parties have executed this Amendment on the date first above written.

  

  BUYER:
   
  SENTIO-SLR BOSTON PORTFOLIO, LLC
   
  By: /s/ John Mark Ramsey
  Name: John Mark Ramsey
  Its:  Authorized Signatory
   
  SELLER:
   
  OAKTREE SLR, LLC, a Massachusetts limited liability company
   
  By its Member,
  STANDISH/SLR, LLC
   
  By: /s/ Robert F. Larkin, Jr.
  Name: Robert F. Larkin, Jr.
  Title: Manager

 

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