Document:

Exhibit 10.4

 

THIRD AMENDMENT TO AGREEMENT OF PURCHASE AND SALE

 

This THIRD AMENDMENT TO AGREEMENT OF PURCHASE AND SALE (this “Amendment”) dated as of May 23, 2013 is by and between MMG-26 LLC, a Delaware limited liability company (“Seller”), and CWI CHELSEA HOTEL, LLC, an Delaware limited liability company (“Purchaser”).

 

W I T N E S S E T H:

 

WHEREAS, Seller and Purchaser have entered into that certain Purchase and Sale Agreement dated as of April 16, 2013, as amended by that certain First Amendment to Agreement of Purchase and Sale dated as of May 10, 2013 (the “First Amendment”) and as further amended by that certain Second Amendment to Agreement of Purchase and Sale dated as of May 15, 2013 (the “Second Amendment”) (as so amended and as the same may be further amended, modified or supplemented, the “Contract”; all capitalized terms used but not defined herein shall have the meanings set forth in the Contract).

 

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

 

1.                                    The definition of “Due Diligence Period” in Exhibit A of the Contract (and as amended pursuant to the First Amendment and the Second Amendment) is hereby deleted in its entirety and replaced with the following text:  ““Due Diligence Period” shall mean a period of time commencing on the Effective Date and ending at 5:00 PM, Eastern Time, on May 29, 2013.”

 

2.                                    This Amendment shall constitute the Allocation Amendment required under Section 2.3(a) of the Contract.

 

3.                                    Purchaser and Seller have agreed upon the Purchase Price Allocation as set forth on Exhibit A attached hereto.  Notwithstanding anything to the contrary contained in Section 2.3 of the Contract, neither Seller nor Purchaser shall have any right to terminate the Contract pursuant to such Section 2.3.  Notwithstanding the foregoing, the Purchase Price Allocation may be modified, as necessary, prior to Closing with the mutual consent of Purchaser and Seller.

 

4.                                    Except as modified hereby, the Contract shall remain in full force and effect, and as modified hereby, the Contract is ratified and confirmed in all respects.

 

5.                                    Seller and Purchaser each hereby represents and warrants that it has full right, power and authority to enter into this Amendment and that the person executing this Amendment on behalf of Seller and Purchaser, respectively, is duly authorized to do so.

 

6.                                    This Amendment may be executed in one or more counterparts, each of which shall constitute an original and all of which when taken together shall constitute one and the same instrument.  An executed facsimile or .pdf of this Amendment may be relied upon as having, and shall be deemed to have, the same force and effect as an original.

 

[NO FURTHER TEXT ON THIS PAGE]

 

 

IN WITNESS WHEREOF, Seller and Purchaser have executed this Amendment as of the date first above written.

 

	
 
    	
SELLER:
    
	
 
    	
 
    	
 
    
	
 
    	
MMG-26   LLC, a Delaware   limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert A. Indeglia   Jr.
    
	
 
    	
 
    	
Name: Robert A.   Indeglia Jr.
    
	
 
    	
 
    	
Title: Managing Member   and Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
PURCHASER:
    
	
 
    	
 
    
	
 
    	
CWI   CHELSEA HOTEL, LLC,   a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael G.   Medzigian
    
	
 
    	
 
    	
Name: Michael G.   Medzigian
    
	
 
    	
 
    	
Title: President and   Chief Executive Officer
    

 

 

Exhibit A

 

Allocation of Purchase Price Among Asset Classes

 

	
Category
    	
Amount
    	
% to   Purchase Price
    
	
Land
    	
$30,023,000
    	
26.6%
    
	
Tangible Personal   Property
    	
$1,579,000
    	
1.4%
    
	
Site Improvements
    	
$65,000
    	
0.1%
    
	
Building
    	
$81,618,000
    	
72.2%
    
	
Intangible Personal   Property
    	
($285,000)
    	
-0.3%
    
	
Total   (rounded)
    	
$113,000,000
    	
100.00%Exhibit 10.5

 

FOURTH AMENDMENT TO AGREEMENT OF PURCHASE AND SALE

 

This FOURTH AMENDMENT TO AGREEMENT OF PURCHASE AND SALE (this “Amendment”) dated as of May 29, 2013 is by and between MMG-26 LLC, a Delaware limited liability company (“Seller”), and CWI CHELSEA HOTEL, LLC, an Delaware limited liability company (“Purchaser”).

 

W I T N E S S E T H:

 

WHEREAS, Seller and Purchaser have entered into that certain Purchase and Sale Agreement dated as of April 16, 2013, as amended by that certain First Amendment to Agreement of Purchase and Sale dated as of May 10, 2013 (the “First Amendment”) and as further amended by that certain Second Amendment to Agreement of Purchase and Sale dated as of May 15, 2013 (the “Second Amendment”) and that certain Third Amendment to Agreement of Purchase and Sale dated May 24, 2013 (the “Third Amendment”) (as so amended and as the same may be further amended, modified or supplemented, the “Contract”; all capitalized terms used but not defined herein shall have the meanings set forth in the Contract).

 

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

 

1.                                    The definition of “Due Diligence Period” in Exhibit A of the Contract (and as amended pursuant to the First Amendment, the Second Amendment and the Third Amendment) is hereby deleted in its entirety and replaced with the following text:  ““Due Diligence Period” shall mean a period of time commencing on the Effective Date and ending at 5:00 PM, Eastern Time, on May 30, 2013.”

 

2.                                    Except as modified hereby, the Contract shall remain in full force and effect, and as modified hereby, the Contract is ratified and confirmed in all respects.

 

3.                                    Seller and Purchaser each hereby represents and warrants that it has full right, power and authority to enter into this Amendment and that the person executing this Amendment on behalf of Seller and Purchaser, respectively, is duly authorized to do so.

 

4.                                    This Amendment may be executed in one or more counterparts, each of which shall constitute an original and all of which when taken together shall constitute one and the same instrument.  An executed facsimile or .pdf of this Amendment may be relied upon as having, and shall be deemed to have, the same force and effect as an original.

 

[NO FURTHER TEXT ON THIS PAGE]

 

 

IN WITNESS WHEREOF, Seller and Purchaser have executed this Amendment as of the date first above written.

 

	
 
    	
SELLER:
    
	
 
    	
 
    
	
 
    	
MMG-26   LLC, a Delaware   limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert A. Indeglia   Jr.
    
	
 
    	
 
    	
Name: Robert A.   Indeglia Jr.
    
	
 
    	
 
    	
Title: Managing Member   and Chief Executive Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
PURCHASER:
    
	
 
    	
 
    
	
 
    	
CWI   CHELSEA HOTEL, LLC,   a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael G.   Medzigian
    
	
 
    	
 
    	
Name: Michael G.   Medzigian
    
	
 
    	
 
    	
Title: President and   Chief Executive OfficerExhibit 4.1

 

	
Number
   A-
    	
 
    	
Incorporated Under the Laws of the State of Delaware
    	
 
    	
Shares
   -0-
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
Cusip No.
    

 

STARZ

 

Series A Common Stock, par value $.01 per share

 

Specimen Certificate

 

This Certifies that [                    ]  is the owner of [                    ] FULLY PAID AND NON-ASSESSABLE SHARES OF SERIES A COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF STARZ (hereinafter called the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of the Certificate properly endorsed. This Certificate is not valid unless countersigned by                                                                           the Transfer Agent and registered by the Registrar.

 

Witness, the seal of the Corporation and the signatures of its duly authorized officers.

 

	
Dated:
    	
 
    
	
 
    	
 
    
	
Starz
    
	
 
    
	
[Corporate Seal]
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
President
    	
 
    	
SecretaryExhibit 4.2

 

	
Number
   B-
    	
 
    	
Incorporated Under the Laws of the State of Delaware
    	
 
    	
Shares
   -0-
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
Cusip No.
    

 

STARZ

 

Series B Common Stock, par value $.01 per share

 

Specimen Certificate

 

This Certifies that [                    ]  is the owner of [                    ] FULLY PAID AND NON-ASSESSABLE SHARES OF SERIES B COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF STARZ (hereinafter called the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of the Certificate properly endorsed. This Certificate is not valid unless countersigned by                                                                        the Transfer Agent and registered by the Registrar.

 

Witness, the seal of the Corporation and the signatures of its duly authorized officers.

 

	
Dated:
    	
 
    
	
 
    	
 
    
	
Starz
    
	
 
    
	
[Corporate Seal]
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
President
    	
 
    	
Secretary

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