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EXECUTION VERSION

EXHIBIT 4.2 
SECOND AMENDMENT TO RIGHTS AGREEMENT 
This Amendment No. 2 to the Amended and Restated Rights Agreement, dated as of August 10, 2022 (this “Second Amendment”), is made between New York City REIT, Inc., a Maryland corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”). 
WHEREAS, the Company and the Rights Agent are parties to that certain Amended and Restated Rights Agreement, dated as of August 17, 2020, as amended by Amendment No. 1 thereto, dated as of August 12, 2021 (the “Rights Agreement”); 
WHEREAS, the Company has delivered to the Rights Agent a certificate from an appropriate officer of the Company stating that this Second Amendment complies with Section 27 of the Rights Agreement; and
WHEREAS, the Company and the Rights Agent desire to amend the Rights Agreement to extend the term thereof as further described herein.
NOW, THEREFORE, the parties hereto hereby agree as follows: 
1.Amendment to the definition of “Final Expiration Date”.  The definition of “Final Expiration Date” contained in Section 1.35 of the Rights Agreement is hereby deleted and replaced in its entirety with the following:
“Final Expiration Date” means the date upon which the Rights expire, which is August 18, 2025, unless the Rights are previously redeemed, exchanged or terminated. The Rights Agent will not be deemed to have any knowledge of the Final Expiration Date unless and until it has been notified in writing that the Final Expiration Date has occurred.
2.Amendments to Exhibit B (Form of Right Certificate).  
a)The reference to August 16, 2022 in the first line of the legend contained on the top of Exhibit B is hereby changed to August 18, 2025, and all provisions of the first paragraph shall otherwise remain unchanged.
b)The reference to August 16, 2022 in the first sentence of the second full paragraph of Exhibit B is hereby changed to August 18, 2025, and all provisions of the second paragraph shall otherwise remain unchanged.
3.The reference to August 16, 2022 in the second sentence under the heading “EXERCISABILITY OF RIGHTS” of Exhibit C (Summary of Rights to Purchase Preferred Shares) is hereby changed to August 18, 2025, and all provisions under this heading shall otherwise remain unchanged.
4.Except as expressly provided in this Second Amendment, all of the terms and provisions of the Rights Agreement shall remain in full force and effect.
5.This Second Amendment may be executed in any number of counterparts, and each counterpart shall for all purposes be deemed to be an original, and all counterparts 
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shall together constitute but one and the same instrument. A signature to this Second Amendment transmitted electronically shall have the same authority, effect and enforceability as an original signature.
6.This Second Amendment shall be deemed to be a contract made under the laws of the State of Maryland and for all purposes shall be governed by and construed in accordance with the laws of such state applicable to contracts to be made and performed entirely within such state, except that the rights, duties, immunities and obligations of the Rights Agent shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within the State of New York.
[Remainder of page intentionally left blank. Signature page follows.]
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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed as of the day and year first above written.
 
 
												
		New York City REIT, Inc. 

		 
 
	 
 

		 
 
	 
 

		By:
 
	

 /s/ Christopher J. Masterson

		 
 
	Name:
 
	Christopher J. Masterson 

		 
 
	Title:
 
	Chief Financial Officer and Treasurer
		 
 
	 
 

		Computershare Trust Company, N.A., as Rights Agent
 

		 
 

		 
 
	 
 

		By:
 
	

 /s/ Rachel Fisher

		 
 
	Name:
 
	 Rachel Fisher
		 
 
	Title:
 
	 Sr. Contract Negotiation Specialist

 
 

[NYC – Second Amendment to Rights Agreement]Document

EXHIBIT 4.3

NEW YORK CITY REIT, INC.

CERTIFICATE OF NOTICE

THIS IS TO CERTIFY THAT:

    FIRST:  The Board of Directors (the “Board”) of New York City REIT, Inc., a Maryland corporation (the “Company”), pursuant to Section 5.7 of Article V of the charter of the Company (the “Charter”), has decreased the Aggregate Share Ownership Limit for all Persons other than any Excepted Holder and certain other individuals and entities identified by the Board to 6% in value of the aggregate of the outstanding Shares and 6% (in value or in number of Shares, whichever is more restrictive) of any class or series of Shares. Any capitalized term not otherwise defined herein shall have the meaning set forth in the Charter.  

SECOND:  The undersigned officer acknowledges this Certificate of Notice to be the corporate act of the Company and as to all matters or facts required to be verified under oath, the undersigned officer acknowledges that to the best of such officer’s knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties for perjury.

IN WITNESS WHEREOF, the Company has caused this Certificate of Notice to be signed in its name and on its behalf by its Chief Executive Officer and attested to by its Chief Financial Officer on this 10th day of August, 2022.

ATTEST:                    NEW YORK CITY REIT, INC. 

By:  /s/ Christopher J. Masterson        By:  /s/ Edward M. Weil, Jr. ____ (SEAL)
Name:  Christopher J. Masterson        Name:  Edward M. Weil, Jr.
Title:    Chief Financial Officer        Title:    Chief Executive OfficerDocument

EXHIBIT 10.1
FIRST AMENDMENT TO
OWNERSHIP LIMIT WAIVER AGREEMENT
 
This FIRST AMENDMENT TO OWNERSHIP LIMIT WAIVER AGREEMENT is entered into on August 10, 2022, by and between New York City REIT, Inc. (the “Company”) and New York City Advisors, LLC (the “Advisor”).
 
RECITALS
 
WHEREAS, the Company and the Advisor entered into that certain Ownership Limit Waiver Agreement, dated as of February 4, 2022 (as amended, modified or supplemented from time to time, the “Waiver Agreement”).
  
WHEREAS, the parties thereto desire to amend the Waiver Agreement as provided herein.
 
NOW, THEREFORE, in consideration of the promises made hereunder, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

1.Amendment to Section 1.1 of the Waiver Agreement. 

a.Section 1.1 of the Waiver Agreement is hereby amended by deleting all references to “20%” set forth therein and replacing such references with “21%”. 

b.Section 1.1 of the Waiver Agreement is hereby further amended by deleting the words “, and provided that the Advisor may only itself purchase and itself actually own up to 2.5% of Common Stock (the “Advisor Actual Ownership Limit”)” set forth therein.

2.Amendment to Section 1 of the Waiver Agreement. Section 1 of the Waiver Agreement is hereby amended to add the following Section after the current Section 1.1. All subsequent Sections within Section 1 of the Waiver Agreement, starting with current Section 1.2, are amended solely for the purpose of being renumbered accordingly.

“1.2     Notwithstanding anything contained herein to the contrary, including Section 1.1 hereof, the Advisor may elect to increase the Excepted Holder Limit to up to 25% upon being advised by Proskauer Rose LLP, outside counsel to the Company, that Proskauer Rose LLP is prepared to render an opinion, that, among other things, the Company’s actual and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a real estate investment trust under Sections 856 through 860 of the Code notwithstanding the increase in the Excepted Holder Limit to up to 25%.”

3.Amendment to Section 1.4 of the Waiver Agreement. Section 1.4 of the Waiver Agreement is hereby amended to add “and Section 1.2” after “Section 1.1”.

4.Amendment to Waiver Agreement. The Waiver Agreement is hereby amended by deleting all references to “Advisor Actual Ownership Limit” set forth therein and replacing such references with “Excepted Holder Limit”.

5.Miscellaneous. Except as expressly modified hereby, the terms of the Waiver Agreement shall remain in full force and effect as written. Any capitalized term used in this amendment and not otherwise defined herein, shall have the meaning ascribed to such term in the Waiver Agreement. This amendment may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become a binding agreement when one or more counterparts have been signed by each of the parties and delivered to the other party. Signatures on this amendment which are transmitted electronically shall be valid for all purposes, however any party shall deliver an original signature of this amendment to the other party upon request.
 
 
[Signature page follows.] 
 
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IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, have duly executed this agreement as of the date first set forth above.

												
		NEW YORK CITY REIT, INC. 

		 
 
	 
 

		By:
 
	

 /s/ Christopher J. Masterson

		 
 
	Name:
Title:
	Christopher J. Masterson 
Chief Financial Officer and Treasurer

		

NEW YORK CITY ADVISORS, LLC 

		 
 
	 
 

		By:
 
	

 /s/ James Tanaka

		 
 
	Name:
Title:
	James Tanaka 
Authorized Signatory

[Signature Page to First Amendment to Ownership Limit Waiver Agreement (Advisor)]Document

EXHIBIT 10.2
FIRST AMENDMENT TO
OWNERSHIP LIMIT WAIVER AGREEMENT
 
This FIRST AMENDMENT TO OWNERSHIP LIMIT WAIVER AGREEMENT is entered into on August 10, 2022, by and between New York City REIT, Inc. (the “Company”) and Bellevue Capital Partners, LLC (“Bellevue”).
 
RECITALS
 
WHEREAS, the Company and Bellevue entered into that certain Ownership Limit Waiver Agreement, dated as of February 4, 2022 (as amended, modified or supplemented from time to time, the “Waiver Agreement”).
  
WHEREAS, the parties thereto desire to amend the Waiver Agreement as provided herein.
 
NOW, THEREFORE, in consideration of the promises made hereunder, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

1.Amendment to Section 1.1 of the Waiver Agreement. 

a.Section 1.1 of the Waiver Agreement is hereby amended by deleting all references to “20%” set forth therein and replacing such references with “21%”.

b.Section 1.1 of the Waiver Agreement is hereby further amended by deleting the words “, and provided that Bellevue may only itself purchase and itself actually own up to 17.5% of Common Stock (the “Bellevue Actual Ownership Limit”)” set forth therein.

2.Amendment to Section 1 of the Waiver Agreement. Section 1 of the Waiver Agreement is hereby amended to add the following Section after the current Section 1.1. All subsequent Sections within Section 1 of the Waiver Agreement, starting with current Section 1.2, are amended solely for the purpose of being renumbered accordingly.

“1.2     Notwithstanding anything contained herein to the contrary, including Section 1.1 hereof, Bellevue may elect to increase the Excepted Holder Limit to up to 25% upon being advised by Proskauer Rose LLP, outside counsel to the Company, that Proskauer Rose LLP is prepared to render an opinion, that, among other things, the Company’s actual and proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a real estate investment trust under Sections 856 through 860 of the Code notwithstanding the increase in the Excepted Holder Limit to up to 25%.”

3.Amendment to Section 1.4 of the Waiver Agreement. Section 1.4 of the Waiver Agreement is hereby amended to add “and Section 1.2” after “Section 1.1”.
4.Amendment to Waiver Agreement. The Waiver Agreement is hereby amended by deleting all references to “Bellevue Actual Ownership Limit” set forth therein and replacing such references with “Excepted Holder Limit”.

5.Miscellaneous. Except as expressly modified hereby, the terms of the Waiver Agreement shall remain in full force and effect as written. Any capitalized term used in this amendment and not otherwise defined herein, shall have the meaning ascribed to such term in the Waiver Agreement. This amendment may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become a binding agreement when one or more counterparts have been signed by each of the parties and delivered to the other party. Signatures on this amendment which are transmitted electronically shall be valid for all purposes, however any party shall deliver an original signature of this amendment to the other party upon request.
 
 
[Signature page follows.] 
 
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IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, have duly executed this agreement as of the date first set forth above.

												
		NEW YORK CITY REIT, INC. 

		 
 
	 
 

		By:
 
	/s/ Christopher J. Masterson

		 
 
	Name:
Title:
	Christopher J. Masterson 
Chief Financial Officer and Treasurer

		

BELLEVUE CAPITAL PARTNERS, LLC 

		 
 
	 
 

		By:
 
	

 /s/ James Tanaka

		 
 
	Name:
Title:
	James Tanaka
Authorized Signatory

[Signature Page to First Amendment to Ownership Limit Waiver Agreement (Bellevue)]

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