Third Amendment to Purchase and Sale Agreement between Flanders Holding, LLC and Voltari Real Estate Holding, LLC

Summary

This amendment updates the original Purchase and Sale Agreement between Flanders Holding, LLC (Seller) and Voltari Real Estate Holding, LLC (Purchaser). It changes the end date of the Contingency Period to June 10, 2016, or five business days after the tenant accepts the property's environmental conditions, whichever comes first. The seller is responsible for any agreed environmental cleanup. All other terms of the original agreement and previous amendments remain unchanged.

EX-10.25 2 vltc20151231ex1025.htm EXHIBIT 10.25 Exhibit

EXHIBIT 10.25

THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT

This is the Third Amendment to the Purchase and Sale Agreement (Contract) entered into the 3rd day of December, 2015 by and between Flanders Holding, LLC, (Seller) and Voltari Real Estate Holding, LLC (Purchaser) which Contract was amended by the First Amendment to the Purchase and Sale Agreement on January 11, 2016 (First Amendment) and Second Amendment to the Purchase and Sale Agreement on February 10, 2016 (Second Amendment)

The parties wish to amend the Contract, as amended in the First Amendment and Second Amendment as follows:


1.	Section 2.6 is amended to change the ending of the Contingency Period to June 10, 2016 or five (5) business days after Tenant acknowledges in writing that they accept the environmental conditions at the Premises as is or with an agreed upon clean up, which clean up shall be at the sole expense of Seller, which ever is sooner.

The Contract, the First Amendment and the Second Amendment, except as amended above, shall remain in full force and effect.

In witness whereof, the parties have set their hands as of the 10th day of March, 2016.

Flanders Holding, LLC, Sellers Voltari Real Estate Holding, LLC

by: /s/ Jason Keen by: /s/ John Breeman

Jason Keen, Manager John Breeman