Document:

KBS RIII PEA no.6 -Exhibit 10.29

Exhibit 10.29

SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT 
AND ESCROW INSTRUCTIONS
THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (this “Second Amendment”) is made as of the 15th day of March, 2012, by and between AGL/SLC MCEWEN NO. 2, LLC, a Delaware limited liability company (“Seller”), and KBS CAPITAL ADVISORS LLC, a Delaware limited liability company (“Purchaser”).  In consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows: 
RECITALS
A.    Seller and Purchaser are parties to that certain Purchase and Sale Agreement and Escrow Instructions dated as of February 21, 2012 (the “Original Purchase Agreement”).  All initially-capitalized terms not otherwise defined herein shall have the meanings set forth in the Purchase Agreement unless the context clearly indicates otherwise.
B.    Purchaser and Seller entered into that certain First Amendment to Purchase and Sale Agreement and Escrow Instructions dated as of March 13, 2012 (the “First Amendment”; the Original Purchase Agreement, as amended by the First Amendment is referred to herein as the “Purchase Agreement”).
C.    Seller and Purchaser have agreed to modify the terms of the Purchase Agreement as set forth in this Second Amendment.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intended to be legally bound, Seller and Purchaser agree as follows:
1.Recitals.  The Recitals set forth above are hereby incorporated herein by reference as if the same were fully set forth herein.
2.    Inspection Period.  The parties have agreed to extend the Inspection Period by one day.  Accordingly, the first sentence of Section 3.3 of the Purchase Agreement as previously amended, is deleted in its entirety and replaced with the following:
“Purchaser will have until 5:00 p.m., Franklin, Tennessee time, on March 16, 2012 (the “Inspection Period”) and continuing through the Closing Date, to enter and investigate the Property and all matters relevant to its acquisition, ownership and operation.”
3.    Effectiveness of Agreement.  Except as modified by this Second Amendment, all the terms of the Purchase Agreement shall remain unchanged and in full force and effect.
4.    Counterparts.  This Second Amendment may be executed in counterparts, and all counterparts together shall be construed as one document.

5.      Telecopied Signatures.  A counterpart of this Second Amendment that is signed by one party to this Second Amendment and telecopied or emailed to the other party to this Second Amendment or its counsel (i) shall have the same effect as an original signed counterpart of this Second Amendment, and (ii) shall be conclusive proof, admissible in judicial proceedings, of such party’s execution of this Second Amendment.
6.    Successors and Assigns.  All of the terms and conditions of this Second Amendment shall apply to benefit and bind the successors and assigns of the respective parties.
IN WITNESS WHEREOF, Seller and Purchaser have entered into this Second Amendment to Purchase and Sale Agreement and Escrow Instructions as of the date first above stated.
[SIGNATURES ON NEXT TWO PAGES]

2

“SELLER”
AGL/SLC MCEWEN NO.2, LLC,
a Delaware limited liability company

By:  /s/ Gabe L. Finke
Name:  Gabe L. Finke
Title: Manager

“PURCHASER”
KBS CAPITAL ADVISORS LLC,
a Delaware limited liability company

By:    /s/ Charles J. Schreiber, Jr.
Charles J. Schreiber, Jr.
Chief Executive OfficerKBS RIII PEA no.6 -Exhibit 10.30

Exhibit 10.30

THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT  
AND ESCROW INSTRUCTIONS
THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (this “Third Amendment”) is made as of the 16th day of March, 2012, by and between AGL/SLC MCEWEN NO. 2, LLC, a Delaware limited liability company (“Seller”), and KBS CAPITAL ADVISORS LLC, a Delaware limited liability company (“Purchaser”).  In consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows: 
RECITALS
A.    Seller and Purchaser are parties to that certain Purchase and Sale Agreement and Escrow Instructions dated as of February 21, 2012 (the “Original Purchase Agreement”).  All initially-capitalized terms not otherwise defined herein shall have the meanings set forth in the Purchase Agreement unless the context clearly indicates otherwise.
B.    Purchaser and Seller entered into that certain First Amendment to Purchase and Sale Agreement and Escrow Instructions dated as of March 13, 2012 (the “First Amendment”)
C.    Purchaser and Seller entered into that certain Second Amendment to Purchase and Sale Agreement and Escrow Instructions dated as of March 15, 2012 (the “Second Amendment”; the Original Purchase Agreement, as amended by the First Amendment and the Second Amendment, is referred to herein as the “Purchase Agreement”).
D.    Seller and Purchaser have agreed to modify the terms of the Purchase Agreement as set forth in this Third Amendment.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intended to be legally bound, Seller and Purchaser agree as follows:
1.Recitals.  The Recitals set forth above are hereby incorporated herein by reference as if the same were fully set forth herein.
2.    Inspection Period.  The parties have agreed to extend the Inspection Period by one day.  Accordingly, the first sentence of Section 3.3 of the Purchase Agreement, as previously amended, is deleted in its entirety and replaced with the following:
“Purchaser will have until 5:00 p.m., Franklin, Tennessee time, on March 19, 2012 (the “Inspection Period”) and continuing through the Closing Date, to enter and investigate the Property and all matters relevant to its acquisition, ownership and operation.”
3.    Effectiveness of Agreement.  Except as modified by this Third Amendment, all the terms of the Purchase Agreement shall remain unchanged and in full force and effect.

4.    Counterparts.  This Third Amendment may be executed in counterparts, and all counterparts together shall be construed as one document.
5.      Telecopied Signatures.  A counterpart of this Third Amendment that is signed by one party to this Third Amendment and telecopied or emailed to the other party to this Third Amendment or its counsel (i) shall have the same effect as an original signed counterpart of this Third Amendment, and (ii) shall be conclusive proof, admissible in judicial proceedings, of such party’s execution of this Third Amendment.
6.    Successors and Assigns.  All of the terms and conditions of this Third Amendment shall apply to benefit and bind the successors and assigns of the respective parties.
IN WITNESS WHEREOF, Seller and Purchaser have entered into this Third Amendment to Purchase and Sale Agreement and Escrow Instructions as of the date first above stated.
[SIGNATURES ON NEXT TWO PAGES]

2

“SELLER”
AGL/SLC MCEWEN NO.2, LLC,
a Delaware limited liability company

By:  /s/ Gabe L. Finke
Name:  Gabe L. Finke
Title: Manager

“PURCHASER”
KBS CAPITAL ADVISORS LLC,
a Delaware limited liability company

By:    /s/ Charles J. Schreiber, Jr.
Charles J. Schreiber, Jr.
Chief Executive OfficerKBS RIII PEA no.6 -Exhibit 10.31

Exhibit 10.31

ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT
This Assignment and Assumption of Purchase Agreement (“Assignment”) is entered into between KBS CAPITAL ADVISORS LLC, a Delaware limited liability company (“Assignor”), and KBSIII 1550 WEST MCEWEN DRIVE, LLC, a limited liability company (“Assignee”), as of March 16, 2012 (“Effective Date”).
RECITALS
A.    Pursuant to the terms of that certain Purchase and Sale Agreement and Escrow Instructions effective as of February 21, 2012, by and between AGL/SLC McEwen No. 2, LLC, a Delaware limited liability company, as seller, and Assignor, as buyer, as amended by that certain First Amendment to Purchase and Sale Agreement and Escrow Instructions dated as of March 13, 2012, that certain Second Amendment to Purchase and Sale Agreement and Escrow Instructions dated as of March 15, 2012 and that certain Third Amendment to Purchase and Sale Agreement and Escrow Instructions, dated as of March 16, 2012 (as amended, the “Purchase Agreement”), Assignor agreed to acquire the Property (as such term is defined in the Purchase Agreement) commonly referred to as “The McEwen Building” and located at 1550 West McEwen Drive, in the City of Franklin, County of Williamson, State of Tennessee.
B.    Assignor desires to assign, without recourse, representation or warranty, all of its rights, benefits, liabilities and obligations arising under the Purchase Agreement (and related documents) to Assignee, and Assignee desires to assume all of said rights, benefits, liabilities and obligations.
NOW, THEREFORE, in consideration of the foregoing promises, the mutual undertakings of the parties set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:
1.Recitals.  The above recitals are incorporated herein by reference.
2.    Assignment and Assumption.  Assignor hereby transfers, assigns and conveys, without recourse, representation or warranty, express or implied, all of Assignor’s rights, interests, liabilities and obligations in and to the Property, and all of Assignor’s rights, interests, liabilities and obligations under the Purchase Agreement (and related documents) to acquire same to Assignee.  Assignee hereby assumes all such rights, interests, liabilities and obligations, and joins in all representations, warranties, releases, and indemnities, of Assignor under the Purchase Agreement (and related documents) relating to such Property and the Purchase Agreement (and related documents) assigned to it above.
3.    Successors and Assigns.  This Assignment shall be binding upon and inure to the benefit of the parties’ successors and assigns.
4.    Attorneys’ Fees.  In the event any party institutes any action or proceeding against the other party with regard to this Assignment, the prevailing party of such action shall be entitled to recover from the nonprevailing party (in addition to all other remedies provided by law) its attorneys’ fees and costs incurred in such action or proceeding.

1

5.    Release Under Purchase Agreement.  In accordance with Section 15.9 of the Purchase Agreement, Assignor shall not be released from its obligations under the Purchase Agreement.
6.    Counterparts.  This Assignment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.  Each counterpart may be delivered by facsimile transmission.  The signature page of any counterpart may be detached therefrom without impairing the legal effect of the signature(s) thereon provided such signature page is attached to any other counterpart identical thereto.
[Signatures to Follow]

2

Executed as of the date set forth above.

ASSIGNOR:

KBS CAPITAL ADVISORS LLC,
a Delaware limited liability company

By:    /s/ Charles J. Schreiber, Jr.
Charles J. Schreiber, Jr.,
Chief Executive Officer

S-1

ASSIGNEE:

KBSIII 1550 WEST MCEWEN DRIVE, LLC,
a Delaware limited liability company

By:    KBSIII REIT ACQUISITION IV, LLC,
a Delaware limited liability company,
its sole member

By:    KBS REIT PROPERTIES III, LLC,
a Delaware limited liability company,
its sole member

By:    KBS LIMITED PARTNERSHIP III,
a Delaware limited partnership,
its sole member

By:    KBS REAL ESTATE INVESTMENT TRUST III, INC.,
a Maryland corporation,
its general partner

By:    /s/ Charles J. Schreiber, Jr.
Charles J. Schreiber, Jr.,
Chief Executive Officer

S-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}]]