Document:

EX-10.25

 Exhibit 10.25 
 FOURTH AMENDMENT TO PURCHASE AGREEMENT 
 This FOURTH AMENDMENT TO
PURCHASE AGREEMENT (this “Amendment”), dated as of February 12, 2013, is made and entered into by and between WPV SAN JOSE, LLC, a Delaware limited liability company (“Seller”), and COLE CCPT IV ACQUISITIONS, LLC, a Delaware
limited liability company (“Buyer”). 
 WITNESSETH: 

WHEREAS, Seller and Buyer entered into that certain Purchase Agreement dated January 18, 2013, as amended by that certain First
Amendment to Purchase Agreement dated February 1, 2013, as further amended by that certain Second Amendment to Purchase Agreement dated February 6, 2013, and as further amended by that certain Third Amendment to Purchase Agreement dated
February 11, 2013 (collectively, the “Purchase Agreement”), for the sale and purchase of real property located in San Jose, California, commonly known as “The Plant”; 

WHEREAS, Seller and Buyer desire to amend the Purchase Agreement pursuant to the terms of this Amendment; 

NOW, THEREFORE, in consideration of the agreements hereinafter set forth and for Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows: 
 1. Defined
Terms. All capitalized terms used herein and not expressly defined shall have the meaning given to them in the Agreement. 
 2.
Waiver of Due Diligence. Buyer hereby waives its right to terminate the Purchase Agreement pursuant to Section 4.2 of the Purchase Agreement. 
 3. Adjustment of Purchase Price. The definition of “Purchase Price” set forth in Section 1.1 of the Section 1.1 of the Purchase Agreement is amended and restated in its entirety with
the following: 
 “Purchase Price” shall mean Two Hundred Three Million One Hundred Thousand and 00/100 Dollars
($203,100,000.00).” 
 4. No Free Rent Credits. Seller acknowledges that the Argus model for the Property dated
September 26, 2012, which was provided by Seller or its agents to Cole Capital Partners, LLC in connection with the December 13, 2012 letter of intent between Seller and Cole Capital Partners, LLC, disclosed all rental abatements,
concessions, and free rent provided for in the Leases. Accordingly, Buyer shall not be entitled to a credit against the Purchase Price at Closing for any unexpired rental abatements, concessions, or free rent provided for under the Leases in place
on the Effective Date. 
 5. Seller Title Certificate. The form of Seller Title Certificate attached as Exhibit C to the
Purchase Agreement is hereby deleted in its entirety, and the form of Seller Title Certificate attached hereto as Exhibit C-1 is substituted in the place thereof. 
 6. Additional Closing Documents. In addition to the Seller Closing Documents listed in Section 5.2.1 of the Purchase Agreement, Seller and Buyer shall each execute and deliver at Closing the
following additional documents: 
 (a) An assignment of Seller’s rights under the REA in the form attached hereto as
Exhibit J-1; and 
 (b) A non-exclusive assignment of Seller’s environmental rights under the Purchase and Sale Agreement
for the Property between Seller and GE dated April 21, 2005, in the form attached hereto as Exhibit J-2. 

 7. Parcel Map and REA Amendment. Seller shall use its good faith diligent efforts at its
expense to cause the Parcel Map No. 9999 for the Property prepared by PSOMAS and dated August, 2010 to be finalized and recorded prior to Closing (as finalized, the “Parcel Map”), provided that any changes to such Parcel Map from the
markup by the City of San Jose previously provided to Buyer prior to the recording thereof shall be subject to the prior written approval of Buyer, such approval not to be unreasonably withheld. Seller shall record that certain First Amendment to
Operating and Easement Agreement previously executed by Seller, Target Corporation, and Home Depot U.S.A., Inc., and dated , 2008 (the “REA Amendment”), as soon as the Parcel Map has been recorded and the recording information of Parcel
Map can be filled in the blank space within the REA Amendment. In the event that the Parcel Map and REA Amendment are recorded prior to the Closing, Buyer and Seller shall reasonably agree upon a revised legal description for the Deed (and a further
amendment to Purchase Agreement incorporating such revised legal description). Seller shall submit the Parcel Map to the City for approval within seven (7) business days after the date hereof. If for any reason the Parcel Map and REA Amendment
are not recorded prior to Closing, Buyer shall nevertheless be obligated to proceed to Closing (subject to satisfaction of the other terms and conditions set forth in the Purchase Agreement), and Seller shall remain responsible at its expense to
diligently prosecute the recordation of the Parcel Map and REA Amendment as soon as possible after Closing. If for any reason Seller is unable or unwilling to cause the Parcel Map and REA Amendment to be recorded prior to 90 days after the Closing
Date, then Buyer shall have the right, but not the obligation, to cause the same to occur, and all out of pocket third party expense incurred by Buyer in connection with the same shall be reimbursed by Seller. Notwithstanding the foregoing, if the
City of San Jose indicates prior to Closing that a discretionary approval is needed for the Parcel Map and Seller does not obtain such discretionary approval prior to the Closing, then it shall be a condition to Closing that Seller shall have
obtained such discretionary approval prior to the Closing (and Seller shall have the right to further extend closing for up to a period of seventy five (75) days in order to obtain such discretionary approval). This Section 7 shall survive
the Closing and Seller’s obligations hereunder shall not be subject to the limitation set forth in Section 10.2.1(a) of the Purchase Agreement. 
 8. OfficeMax Agreement. 
 (a) Seller has entered into a non-binding term sheet with
Office Max in the form attached as Schedule 1 hereto. Buyer hereby consents to the entry by Seller and Office Max of an amendment to its Lease incorporating the terms of Schedule 1; provided that Buyer’s reasonable approval of the form of
amendment shall be required. 
 (b) Prior to Closing, Seller shall obtain an acknowledgement from Office Max pursuant to which
such Tenant confirms, without qualification, that such Tenant’s share of common area costs for calendar years 2011 and 2012 are acceptable and that such Tenant does not intend to contest such charges. 

9. Late Delivery Charges - Space 32-80. Seller agrees to indemnify and hold harmless Buyer from and against any claims, actions and
liabilities relating to late delivery charges owed to the tenant of Space 32-80 under the terms of such Tenant’s Lease. Such indemnity shall survive the Closing and shall not be subject to the limitations set forth in Section 10.2.1(a) of
the Purchase Agreement, but Seller’s liability for such indemnity shall not exceed $112,000.00. Notwithstanding the foregoing, if Seller obtains a Tenant Estoppel Certificate from such Tenant which does not assert a claim for such late delivery
charges, Seller shall have no further obligation or liability under this paragraph 9. 
 10. Environmental Provisions.
Section 7.3.8(c) of the Purchase Agreement is hereby amended in the following respects: 
 (a) Seller understands and
agrees that Buyer may either extend the Environmental Policy for an additional ten (10) years or, alternatively, obtain a new environmental insurance policy with a term of ten (10) years, at any time prior to the expiration of the current
term of the Environmental Policy. In the event that such extension or replacement occurs more than twelve (12) months prior to the current expiration of the Environmental Policy, Buyer shall be obligated to either further extend such
Environmental Policy, extend such replacement environmental insurance policy, or, alternatively, obtain a new environmental insurance policy (in each case meeting all requirements of Section 7.3.8) which will extend the coverage required under
Section 7.3.8 until at least February 29, 2026. 

  
 -2-

 (b) Notwithstanding anything to the contrary provided in Section 7.3.8(c) of the
Purchase Agreement, the limits of the renewal or replacement policies required therein shall not be required to take into account any of the sub-limits contained within the Environmental Policy (including those in favor of GE) or name Target as an
additional insured thereunder. Nothing in this Section 7.3.8(c) shall permit any amendment to any of the terms, conditions or provisions of the existing Environmental Policy (other than as expressly provided in Section 7.3.8(a)) without
the consent of Vornado Realty Trust in its sole and absolute discretion. 
 11. Controlling Agreement. To the extent any
provisions contained herein conflict with the Agreement, the provisions contained herein shall supersede such conflicting provisions contained in the Agreement. Except as modified herein, Seller and Buyer hereby represent and warrant that the
Agreement remains in full force and effect and is hereby reaffirmed and ratified by both Seller and Buyer. 
 12. Counterparts,
Facsimiles. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, and all of which constitute collectively one agreement. Signatures to this Amendment may be transmitted via facsimile or scanned and
emailed, and delivery thereby shall be deemed sufficient for all purposes to the same extent as would be delivery of an original signature. 
 [Signatures on following pages] 

  
 -3-

 IN WITNESS WHEREOF, Seller has executed this Agreement as of the day and year first above
written. 
  

									
	SELLER:
	
	WPV SAN JOSE, LLC,
	a Delaware limited liability company
		
	By:	 	Vornado San Jose, L.L.C., a Delaware limited
		 	liability company, its sole member
			
		 	By:	 	Vornado Realty L.P.,
		 		 	a Delaware limited partnership,
		 		 	its sole member
				
		 		 	By:	 	Vornado Realty Trust, a Maryland
		 		 		 	corporation, its general partner
					
		 		 		 	By:	 	 /s/ Michael DeMarco

					
		 		 		 	Name:	 	 Michael DeMarco

					
		 		 		 	Title:	 	 Executive Vice President

 IN WITNESS WHEREOF, Buyer has executed this Agreement as of the day and year first above
written. 
  

					
	BUYER:
	
	 COLE CCPT IV ACQUISITIONS, LLC,
 a Delaware limited liability company

		
	By:	 	Cole REIT Advisors IV, LLC, a Delaware
		 	limited liability company, its Manager
			
		 	By:	 	 /s/ John M. Pons

			
		 	Name:	 	 John M. Pons

			
		 	Title:	 	 Executive Vice PresidentEX-10.26

 Exhibit 10.26 
 FIRST MODIFICATION AND LENDER JOINDER AGREEMENT 
  

					
	DATE:	  		  	March 8, 2013
			
	PARTIES:	  	Borrower:	  	COLE OPERATING PARTNERSHIP IV, LP, a Delaware limited partnership
			
		  	Administrative Agent	  	JPMORGAN CHASE BANK, N.A., a national
		  	for the Lenders:	  	banking association
			
		  	Lenders:	  	
			
		  	 Existing Lender:
	  	JPMORGAN CHASE BANK, N.A., a national banking association
			
		  	 New Lender:
	  	BANK OF AMERICA, N.A., a national banking association

 RECITALS 
 A. Existing Lender has extended to Borrower a revolving line of credit (“Loan”) in a maximum principal amount not to exceed $75,000,000.00 at any time pursuant to that Credit Agreement dated
December 14, 2012, among Borrower, Administrative Agent and the Lenders defined therein (the “Loan Agreement”). The unpaid principal of the Loan as of March 6, 2013 was $37,026,066.00. All undefined capitalized terms used herein
shall have the meaning given them in the Loan Agreement. 
 B. The Loan is unsecured. 

C. The following Continuing Guaranty and Counterpart Agreements (severally and collectively, the “Guaranty”) were executed and
delivered by the Guarantors a party thereto to Administrative Agent for the benefit of the Lenders: (i) Continuing Guaranty dated as of December 14, 2012; (ii) Counterpart Agreement Re: Continuing Guaranty dated December 20,
2012; (iii) Counterpart Agreement Re: Continuing Guaranty dated December 21, 2012; (iv) Counterpart Agreement Re: Continuing Guaranty dated January 11, 2013; (v) Counterpart Agreement Re: Continuing Guaranty dated
January 18, 2013; (vi) Counterpart Agreement Re: Continuing Guaranty dated February 6, 2013; and (vii) Counterpart Agreement Re: Continuing Guaranty dated March 8, 2013. 

D. Borrower has requested that Administrative Agent and the Lenders modify the Loan and the Loan Documents, as provided herein. New
Lender has agreed to provide a Revolving Commitment under the Loan Agreement, as provided herein. Administrative Agent and the Lenders are willing to so modify the Loan and the Loan Documents, subject to the terms and conditions herein. 

 AGREEMENT 
 For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower, Administrative Agent and Lenders agree as follows: 

SECTION 1. ACCURACY OF RECITALS. 
 Borrower acknowledges the accuracy of the Recitals. 
 SECTION 2. MODIFICATION OF LOAN
DOCUMENTS. 
 2.1 The following definition set forth in Section 1.01 of the Loan Agreement is hereby amended
in its entirety to read as follows: 
 “Aggregate Revolving Commitments” means the Revolving
Commitments of all the Revolving Lenders. The aggregate principal amount of the Aggregate Revolving Commitments in effect on March 8, 2013 is ONE HUNDRED FIFTY MILLION AND NO/100 DOLLARS ($150,000,000.00). 

2.2 Schedule 2.01 attached to the Loan Agreement is hereby amended and replaced in its entirety with Schedule 2.01 attached hereto as
Exhibit A (“Revised Schedule 2.01”) and by this reference incorporated herein and therein. 
 2.3 This First
Modification and Lender Joinder Agreement (this “Agreement”) shall constitute one of the Loan Documents as that term is defined in the Loan Agreement. 
 2.4 Each reference in the Loan Documents to any of the Loan Documents is hereby amended to be a reference to such document as modified herein. 
 SECTION 3. JOINDER OF NEW LENDER. 
 3.1 New Lender agrees that
as of the date hereof, New Lender will have a Revolving Commitment in the amount set forth opposite its name on Revised Schedule 2.01. The parties acknowledge, agree and confirm that New Lender shall from and after the date hereof be deemed to be a
party to the Loan Agreement and a “Lender” for all purposes under the Loan Agreement and the other Loan Documents, and shall have all the rights and obligations of a Lender under the Loan Agreement and the other Loan Documents as if New
Lender had executed the Loan Agreement. 
 SECTION 4. RATIFICATION OF LOAN DOCUMENTS. 

The Loan Documents are ratified and affirmed by Borrower and shall remain in full force and effect as modified herein. 

SECTION 5. BORROWER REPRESENTATIONS AND WARRANTIES. 
 Borrower represents and warrants to Administrative Agent and the Lenders: 
 5.1 No
Default or Event of Default has occurred and is continuing. 
 5.2 There has been no material adverse change in the financial
condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 

  
 2 

 5.3 All representations and warranties made by Borrower and set forth in the Loan Documents
are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date.

 5.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the
Loan Documents as modified herein. 
 5.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of
Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by
equitable principles of general application. 
 5.6 Borrower is validly existing under the laws of the State of its formation or
organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified
herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower. 
 SECTION 6. CONDITIONS PRECEDENT. 
 The agreements of
Administrative Agent and the Lenders and the modifications contained herein shall not be binding upon Administrative Agent or the Lenders until Administrative Agent and Lenders have executed and delivered this Agreement, and Administrative Agent (or
New Lender, where applicable), has received, at Borrower’s expense (except with respect to sections 6.4 and 6.8 below), all of the following, all of which shall be in form and content satisfactory to the Administrative Agent and shall be
subject to approval by the Administrative Agent (whose signature hereto shall be conclusive approval thereof): 
 6.1 An
original of this Agreement fully executed by Borrower; 
 6.2 An original of the attached Consent and Agreement of Guarantor
fully executed by Guarantors; 
 6.3 An original of the attached Consent and Agreement of Subordinated Creditor fully executed
by Advisor (defined in the Advisor Fee Subordination Agreement) and by Subordinated Creditor (defined in the Subordination Agreement); 
 6.4 An original of the Administrative Questionnaire fully executed by New Lender; 

6.5 An opinion of counsel to the Loan Parties acceptable to Administrative Agent; 

6.6 Such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each
Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which
such Loan Party is a party; 
 6.7 Payment by Borrower of any fees due New Lender in accordance with any separate agreement
between New Lender and Borrower; 
 6.8 Payment by New Lender to Administrative Agent for the benefit of Existing Lender fifty
percent (50%) of the outstanding principal amount of the Committed Revolving Loans; 
 6.9 Payment by Borrower of all
reasonable out-of-pocket external costs and expenses incurred by the Administrative Agent in connection with this Agreement (including, without limitation, outside attorneys costs, expenses, and fees). 

  
 3 

 SECTION 7. INTEGRATION, ENTIRE AGREEMENT, CHANGE, DISCHARGE, TERMINATION, OR WAIVER.

 The Loan Documents as modified herein contain the complete understanding and agreement of Borrower, Administrative Agent
and the Lenders in respect of the Loan and supersede all prior representations, warranties, agreements, arrangements, understandings, and negotiations. No provision of the Loan Documents as modified herein may be changed, discharged, supplemented,
terminated, or waived except as provided in the Loan Agreement. The terms of this Agreement shall control with respect to any inconsistencies, conflicts or ambiguities between or among the Agreement and the other Loan Documents. 

SECTION 8. BINDING EFFECT. 
 The Loan Documents as modified herein shall be binding upon and shall inure to the benefit of Borrower, Administrative Agent and the Lenders and their permitted successors and assigns. 

SECTION 9. CHOICE OF LAW. 
 THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 10. COUNTERPART EXECUTION. 
 This Agreement may be
executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same document. Signature pages may be detached from the counterparts and attached to a single copy of this
Agreement to physically form one document. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 4 

 DATED as of the date first above stated. 

 

					
	BORROWER:
	
	COLE OPERATING PARTNERSHIP IV, LP, a Delaware limited partnership
		
	By:    	 	Cole Credit Property Trust IV, Inc., a Maryland corporation, its general partner
			
		 	By:	 	 /s/ D. Kirk McAllaster, Jr.

		 	Name:  	 	D. Kirk McAllaster, Jr.
		 	Title:	 	Executive Vice President

 

			
	ADMINISTRATIVE AGENT:
	
	JPMORGAN CHASE BANK, N.A., a national banking association
		
	By:	 	 /s/ Ryan M. Dempsey

	Name:	 	Ryan M. Dempsey
	Title:	 	Authorized Officer
	
	EXISTING LENDER:
	
	JPMORGAN CHASE BANK, N.A., a national banking association
		
	By:	 	 /s/ Ryan M. Dempsey

	Name:	 	Ryan M. Dempsey
	Title:	 	Authorized Officer
	
	NEW LENDER:
	
	BANK OF AMERICA, N.A., a national banking association
		
	By:	 	 /s/ James P. Johnson

	Name:	 	James P. Johnson
	Title:	 	Senior Vice President

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}]]