Exhibit 10.55

 

SECOND AMENDMENT TO

SALE AND PURCHASE AGREEMENT

 

SECOND AMENDMENT TO SALE AND PURCHASE AGREEMENT, made as of June 25, 2013 (this
“Amendment”), by and among the sellers set forth below (each individually a
“Seller” and collectively the “Sellers”), and THOR 50 VARICK LLC, a Delaware
limited liability company (“Purchaser”).

 

W  I  T  N  E  S  S  E  T  H:

 

WHEREAS, Purchaser and Sellers entered into a certain Sale and Purchase
Agreement as of April 30, 2013 between Sellers and Purchaser, as modified by
that certain First Amendment To Sale And Purchase Agreement, made as of June 21,
2013 between Sellers and Purchaser (as amended, the “Agreement”) with respect to
the purchase and sale of 100% of the shares of Varick Investments S.a.r.1., a
Luxembourg private limited liability company, which company is the sole
shareholder of Varick Studios Inc., a Delaware corporation, which company is the
sole member of 50 Varick LLC, which entity is the owner of the Property (as
defined therein) located at 50 Varick Street, New York, NY; and

 

WHEREAS, Purchaser and Sellers desire to modify the Agreement as set forth in
this Amendment.

 

NOW, THEREFORE, in consideration of the foregoing premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by Sellers and Purchaser, the parties hereto hereby agree as
follows:

 

1.     Incorporation of Definitions. All capitalized terms used but not
otherwise defined in this Amendment shall have the meanings ascribed to them in
the Agreement.

 

2.     Purchase Price. The last sentence of Section 2(a)(iii) of the Agreement
is hereby deleted in its entirety and the following is inserted in lieu thereof:

 

Notwithstanding the foregoing, the adjusted Purchase Price may not be less than
$28,803,876.00 US Dollars or more than $30,603,876.00 US Dollars.

 

3.     Assignment of Agreement. Sellers hereby acknowledge that Purchaser
intends to assign the Agreement to 50VARNY001, LLC, a Delaware LLC, and Sellers
hereby consent to such assignment, notwithstanding any provisions of the
Agreement, including, without limitation, Section 9(b) thereof, and 50VARNY001,
LLC shall thereafter be the “Purchaser” thereunder.

 

4.     Counterparts. This Amendment may be executed in any number of
counterparts and by each party on separate counterparts. Each counterpart is an
original, but all counterparts, taken together, shall constitute one and the
same agreement. Delivery of an executed counterpart signature page of this
Amendment by e-mail (pdf) or fax shall be as effective as delivery of a manually
executed counterpart of this Amendment.

 

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5.     Reaffirmation. Except as expressly amended by this Amendment, the parties
hereto agree that the terms, conditions and provisions of the Agreement are
hereby ratified and reaffirmed and shall remain in full force and effect. This
Amendment and the Agreement shall hereafter be read and construed together as a
single document, and all references to the “Agreement” contained in the
Agreement or any other instrument shall hereafter refer to the Agreement as
amended by this Amendment.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, this Amendment has been duly executed by the parties hereto
as of the day and year first above written.

 

PURCHASER:

 

THOR 50 VARICK LLC

 

By: DSFT Holdings LLC, its sole member

 

By: /s/ Morris Missry     Name: Morris Missry     Title: Manager  

 

SELLERS:

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for GREENCAGE S.A., Société de
Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for KENSINGTON SQUARE HOLDING
S.A., Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for SCLAREA FOUR S.A., pursuant
to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for HAWKSFORD TRUSTEES JERSEY
LTD as Trustee of the Dog Trust, pursuant to Power of Attorney, dated March 4,
2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for HUERTAS GROUP LTD.,
pursuant to Power of Attorney, dated March 4, 2013      

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for AREPO FIDUCIARA S.R.L.,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for TIZIANI CAPITAL LIMITED,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cay rati Crivelli, as attorney-in-fact for OMNIAFIN S.P.A., pursuant
to Power of Attorney, dated March 4, 2013

 

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SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for SIMON FIDUCIARA S.P.A.,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivèlli, as attorney-in-fact for KRUIDO S.A., pursuant to
Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for UDOLL MANAGEMENT LIMITED,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for ANTONIO TAZARTES, pursuant
to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for MARIA BARTON, pursuant to
Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for MARCO GOBBETTI, pursuant to
Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for LUISA CAJRATI CRIVELLI,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for AMEDEO CLAVARINO, pursuant
to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for RICCARDO CAJRATI CRIVELLI,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for GIORGIO CAJRATI CRIVELLI,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for UBERTO CAJRATI CRIVELLI,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for PAOLO CARDANO, pursuant to
Power of Attorney, dated March 4, 2013

 

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SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for GIOVANNI DI VINCENZO,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for ANDREA A. ZAMBON, pursuant
to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for ROBERTO MANGIAVACCHI,
pursuant to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for ANTONIO BELLONI, pursuant
to Power of Attorney, dated March 4, 2013

 

SIGNED by: /s/ Alessandro Cajrati Crivelli  

Alessandro Cajrati Crivelli, as attorney-in-fact for ICS SECURITIES S.A.R.L.,
Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

/s/ Alessandro Cajrati Crivelli   ALESSANDRO CAJRATI CRIVELLI, individually  

 

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