Document:

KBS RIII 8K Exhibit 10.1

AMENDMENT NO. 1
TO THE
ADVISORY AGREEMENT
     This amendment no. 1 to the Advisory Agreement dated as of  September 27, 2013 (the “Advisory Agreement”), between KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of March 5, 2014 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement.
WHEREAS, upon the terms set forth in this Amendment, the Advisor has agreed to amend certain terms related to asset management fees payable to the Advisor by the Company;
NOW, THEREFORE, in consideration of the mutual agreements and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Advisor agree to amend the Advisory Agreement as follows:
		
	1.
	Asset Management Fees.  Section 8.03 of the Advisory Agreement is hereby amended to added the following Section 8.03(iii):

(iii)     Deferral of Asset Management Fee.  
(a) Notwithstanding the provisions of Sections 8.03(i) and 8.03(ii), with respect to Asset Management Fees accruing from March 1, 2014, the Advisor, on behalf of itself and its affiliates, and its and their respective successors and assigns, hereby defers the Company’s obligation to pay the Asset Management Fee for any month in which the Company’s modified funds from operations (“MFFO”) for such month, as such term is defined in the practice guideline issued by the Investment Program Association (“IPA”) in November 2010 and interpreted by the Company, excluding the Asset Management Fee for such month, does not exceed the amount of distributions declared by the Company for record dates of that month.  The Company remains obligated to pay the Advisor an Asset Management Fee in any month in which MFFO, excluding the Asset Management Fee, for such month exceeds the amount of distributions declared for the record dates of that month (such excess amount, an “MFFO Surplus”); provided however, that any amount of such Asset Management Fee in excess of the MFFO Surplus will also be deferred in accordance with this Section 8.03(iii). If the MFFO Surplus for any month exceeds the amount of the Asset Management Fee payable for such month, any remaining MFFO Surplus will be applied to pay any Asset Management Fee amounts previously deferred.
 (b) Notwithstanding anything contained in Section 8.03(iii)(a) to the contrary, any and all deferred Asset Management Fees that are unpaid shall be immediately due and payable at such time as the owners of all outstanding Shares have received Distributions in an aggregate amount equal to the sum of: 
i. the Stockholders’ 8% Return and 
ii. Invested Capital. 

When determining whether the above threshold has been met: 
(1)    Any stock dividend shall not be included as a Distribution; and 
(2)    Distributions paid on Shares redeemed by the Company (and thus no longer included in the determination of Invested Capital), shall not be included as a Distribution. 
 (c) The Advisor acknowledges and agrees that no interest shall accrue on the deferred amounts. To the extent payment of any deferred amount is due to the Advisor hereunder, the Company shall pay the Advisor no later than the last business day of the month in which the amount of such payment is determined, or the first business day of the following month.
2.Ratification; Effect on Advisory Agreement.
		
	a.
	Ratification. The Advisory Agreement, as amended hereby, shall remain in full force and effect and is hereby ratified and confirmed in all respects.

		
	b.
	Effect on the Advisory Agreement. On and after the date hereof, each reference in the Advisory Agreement to “this Agreement,” “herein,” “hereof,” “hereunder,” or words of similar import shall mean and be a reference to the Advisory Agreement as amended hereby.

Signature page follows.

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

	
						
	KBS REAL ESTATE INVESTMENT TRUST III, INC.

	 
	 
	 
	 
	 
	 

	 
	By:
	/s/ Charles J. Schreiber, Jr.
	 

	 
	 
	Charles J. Schreiber, Jr., Chief Executive Officer

	 
	 
	 
	 
	 
	 

	KBS CAPITAL ADVISORS LLC

	 
	 
	 
	 
	 
	 

	 
	By:
	PBren Investments, L.P., a Manager
	 

	 
	 
	 
	 
	 
	 

	 
	 
	By:
	PBren Investments, LLC, as general partner

	 
	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Peter M. Bren

	 
	 
	 
	 
	Peter M. Bren, Manager
	 

	 
	 
	 
	 
	 
	 

	 
	By:
	Schreiber Real Estate Investments, L.P., a Manager

	 
	 
	 
	 
	 
	 

	 
	 
	By:
	Schreiber Investments, LLC, as general partner

	 
	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Charles J. Schreiber

	 
	 
	 
	 
	Charles J. Schreiber, Jr., ManagerPURCHASE
AGREEMENT

 

THIS
PURCHASE AGREEMENT (the “Agreement”) dated effective as of March 4, 2014 by and between WALL-STREET.COM, LLC
(the “Seller”), whose address is 6301 N. W. 5th Way Fort Lauderdale, FL 33309 and WALL STREET MEDIA
CO, INC. (the “Purchaser”), whose address is 40 Wall Street 28th Floor, New York, N. Y. 10005

 

WHEREAS,
Seller is the owner of the domain name identified in Exhibit A attached hereto (the “Domain Names’) and
is willing to sell the Domain Name, all upon the terms and conditions set forth herein; and

 

WHEREAS,
Purchaser wishes to buy the Domain Name from Seller, and Seller wishes to convey the Domain Name to Purchaser, all upon the
terms and subject to the conditions herein

set
forth.

 

NOW,
THEREFORE, in order to implement the foregoing and in consideration of the mutual agreements contained herein, the parties
hereto agree as follows:

 

	I.		Purchase
                                         and Sale of the Domain Names

 

1.1
Agreement to Purchase and Sell. Subject to the terms and conditions set forth in this Agreement, the Purchaser agrees
to purchase, and the Seller agrees to sell, the Domain Name to the Purchaser. The Purchaser shall be responsible for all costs
and charges necessary to complete the transfer of the Domain Name from the Seller into the name of the Purchaser.

 

1.2
Purchase Price. Purchaser agrees to pay to the Seller, as the purchase price for the Domain Names, the sum of Ten
Thousand Dollars ($10,000.00 USD) (the “Purchase Price”), to be paid by execution and delivery, at the Closing,
of a promissory note payable to the Seller in the form attached hereto as Exhibit B.

 

1.3
Closing. The closing of the purchase and sale of the Domain Names shall take place on or before March 10, 2014 (the
:“Closing”). The Closing shall occur at a time and location as mutually agreed upon by the parties hereto.

 

1.4.
Actions At Closing. At the Closing, the parties shall do the following:

 

(a)
The Seller shall execute and deliver to the Purchaser an Assignment in the form attached hereto as Exhibit C whereby the
Seller shall transfer, assign and convey all of its right, title and interest in and to the Domain Name and website to the Purchaser;

 

(b)
The Purchaser shall execute and deliver to the Seller the $10,000 Promissory Note as provided for in Section 1.2 above; and

 

(c)
The Purchaser and Seller each further agree to execute and deliver such other documents or instruments, whether at Closing or
thereafter, as shall reasonably be necessary in order to effect and consummate the sale transfer provided for herein or to effect
the ability of the Purchaser to exercise its ownership rights in, and the use of, the Domain Name as provided for under the terms
of this Agreement.

 

    	 

    	 

    

 

	II.		Representations
                                         and Warranties of  Seller.

 

Seller
represents and warrants to the Purchaser that the following are and will be true and correct on the Closing date and such representations
and warranties shall survive the Closing:

 

2.1
Due Authorization. Seller has all requisite legal capacity to execute, deliver and perform this Agreement and the
transactions hereby contemplated. This Agreement constitutes a valid and binding agreement on the part of Seller and is enforceable
against Seller in accordance with its terms.

 

2.2
No Consents: No Contravention. The execution, delivery and performance by Seller of this Agreement (i) require no
authorization, registration, consent, approval or action by or in respect of, or filings with, any governmental body, agency or
official or other person (including but not limited to the Securities and Exchange Commission), and (ii) do not contravene, conflict
with, result in a breach of or constitute a default under any material provision of applicable law or regulation, or of any material
agreement to which Seller is a party or by which he or the Seller’s rights in and to the Domain Name are bound, or any judgment,
order, decree or other instrument binding upon Seller.

 

2.3
Ownership: No Encumbrance. At the Closing, Seller is the sole legal, record and beneficial owner of the Domain Names.
Seller has good and marketable title to the Domain Name and the Domain Name is , and at Closing shall be, free and clear of any
restrictions, liens, pledges, mortgages, charges, security interests or encumbrances of any kind or nature.

 

	III.		Representations
                                         and Warranties of Purchaser

 

Purchaser
hereby represents and warrants to the Seller that the following are and will be true and correct on the Closing date and such
representations and warranties shall survive the Closing:

 

3.1
Due Authorization. Purchaser has all requisite legal capacity to execute, deliver and perform this Agreement and
the transactions hereby contemplated. This Agreement constitutes a valid and binding agreement on the part of Purchaser and is
enforceable against Purchaser in accordance with its terms.

 

3.2
No Consents; No Contravention. The execution, delivery and performance by Purchaser of this Agreement (i) require
no authorization, consent, approval or action by or in respect of, or filings with, any governmental body, agency or official
or other person and (ii) do not contravene, conflict with, result in a breach of or constitute a default under any material provision
of applicable law or regulation, or of any material agreement to which Purchaser is a party or by which he is bound, or any judgment,
order, decree or other instrument binding upon Seller.

 

    	2

    	 

    

 

	IV.		Miscellaneous.

 

6.1
Binding Effect. This Agreement shall apply to and shall be binding upon the parties hereto, their respective successors
and assigns and all persons claiming by, through or under any of the aforesaid persons.

 

6.2
Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, between the parties
with respect to the subject matter hereof.

 

6.3
Amendment. This Agreement may not be amended or modified, except by a written instrument signed by the parties hereto.

 

6.4
Applicable Law; Venue; Enforcement Costs. This agreement and all transactions contemplated in this Agreement shall
be governed by, construed and enforced in accordance with the laws of State of Florida. The parties herein waive trial by jury
and agree to submit to the personal jurisdiction and venue of a Court of subject matter jurisdiction located in the State of Florida.
In the event that litigation results from or arises out of this Agreement or the performance thereof, the prevailing party shall
recover its reasonable attorney’s fees, court costs and all other expenses, whether or not taxable by the court as costs,
in addition to any other relief to which the prevailing party may be entitled.

 

6.5
Joint Drafting Provision. Each party understand and acknowledges that they have been represented by counsel or have
had the opportunity to be represented by counsel in regard to the negotiation, drafting and execution of this Agreement. This
Agreement shall not be construed against any party for having drafted it.

 

6.6
Counterparts; Facsimile Execution. This Agreement may be executed in counterparts, each of which shall be deemed
to be an original and all of which together shall be deemed to be one and the same instrument. This Agreement may be executed
by telefax signature which shall be valid and binding as original signatures for all purposes (evidentiary or otherwise).

 

IN
WITNESS WHEREOF, Seller and Purchaser have executed this Agreement as of the date set forth above.

 

	SELLER:	 	PURCHASER:
	 	 	 
	WALL-STREET.COM,
    LLC	 	WALL
    STREET MEDIA CO, INC.
	 	 	 	 
	By	/s/
    Jerrold D. Burden	 	By	/s/
    Jerrold D. Burden
	 	Jerrold
    D. Burden, Manager	 	 	Jerrold
    D. Burden, President and CEO

 

    	3

    	 

    

 

EXHIBIT
A

 

THIS
EXHIBIT is attached to and made a part of that certain Purchase Agreement dated March 4th, 2014 by and between WALL-STREET.COM,
LLC (the “Seller”) and WALL STREET MEDIA CO, INC. (the “Purchaser”).

 

Domain
Name

 

The
domain name which is being transferred, assigned and conveyed under the terms of the above Purchase Agreement are as follows:

 

1.
The domain name “Wall-Street.com”

 

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