Document:

exhibit105q22014

THIRD AMENDMENT TO 
PURCHASE AND SALE AGREEMENT

THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT (“First Amendment”), dated as of July 7, 2014, is entered into by and between HOOPER HOLMES, INC. (“Seller”), and MCELROY DEUTSCH MULVANEY & CARPENTER, LLP (“Purchaser”), with reference to the following facts:

A.Seller and Purchaser have entered into that certain Purchase and Sale Agreement dated as of May 13, 2014 as amended by a First Amendment to Purchase and Sale Agreement dated June 12, 2014 and a Second Amendment to Purchase and Sale Agreement dated July 1, 2014 (collectively the “Purchase Agreement”) for the sale of the Property, as more particularly described in the Purchase Agreement.

B.Seller and Purchaser now desire to amend the Purchase Agreement in certain respects, as provided for hereinbelow.  Capitalized terms not defined herein have the meanings specified in the Purchase Agreement.

NOW THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Seller and Purchaser hereby agree as follows:

1.Amendments to Purchase Agreement.  The Purchase Agreement is hereby amended as follows:

a.End of the Inspection Period.  Seller and Purchaser agree Section 1.7 of the Purchase Agreement shall be amended to read as follows:  End of the Inspection Period  shall mean 5:00 p.m. New Jersey time on July 10, 2014.

2.Successor and Assigns.  This Third Amendment shall be binding upon and inure to the benefit of the parties, their respective heirs, legal representatives, successors and assigns.

3.Counterparts.  This Third Amendment may be executed in multiple counterparts each of which is deemed an original but together constitute one and the same instrument.  Signatures sent via facsimile or electronic mail, including but not limited to signatures in the form of PDF files, scanned images, etc., shall constitute original signatures for the purposes of this Agreement.

4.Status of Purchase Agreement.  Except as specifically amended by this Third Amendment, the Purchase Agreement remains unchanged and, as amended by this Third Amendment, the Purchase Agreement is in full force and effect.

    

2331492 

IN WITNESS WHEREOF, the undersigned have duly executed this Third Amendment as of the date first above written.

	
		
	SELLER:
	HOOPER HOLMES, INC.

	 
	

By:     /s/ Tom Collins     
Name: Tom Collins
Title: SVP & CFO

	PURCHASER:
	MCELROY DEUTSCH MULVANEY & CARPENTER, LLP

/s/ James M. Mulvaney
                         
Name: 
Title: Partner

2exhibit 106q22014

FOURTH AMENDMENT TO 
PURCHASE AND SALE AGREEMENT

THIS FOURTH AMENDMENT TO PURCHASE AND SALE AGREEMENT (“First Amendment”), dated as of July 11, 2014, is entered into by and between HOOPER HOLMES, INC. (“Seller”), and MCELROY DEUTSCH MULVANEY & CARPENTER, LLP (“Purchaser”), with reference to the following facts:

A.Seller and Purchaser have entered into that certain Purchase and Sale Agreement dated as of May 13, 2014 as amended by a First Amendment to Purchase and Sale Agreement dated June 12, 2014, a Second Amendment to Purchase and Sale Agreement dated July 1, 2014 and a Third Amendment to Purchase and Sale Agreement dated July 7, 2014 (collectively the “Purchase Agreement”) for the sale of the Property, as more particularly described in the Purchase Agreement.

B.Seller and Purchaser now desire to amend the Purchase Agreement in certain respects, as provided for hereinbelow.  Capitalized terms not defined herein have the meanings specified in the Purchase Agreement.

NOW THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Seller and Purchaser hereby agree as follows:

1.Amendments to Purchase Agreement.  The Purchase Agreement is hereby amended as follows:

a.End of the Inspection Period.  Seller and Purchaser agree Section 1.7 of the Purchase Agreement shall be amended to read as follows: End of the Inspection Period shall mean 5:00 p.m. New Jersey time on July 18, 2014.
b.Closing Date.  Seller and Purchaser agree Section 5.2 of the Purchase Agreement shall be amended to read as follows:  The Closing Date shall occur five (5) days after the End of the Inspection Period but no later than August 8, 2014.

2.Successor and Assigns.  This Fourth Amendment shall be binding upon and inure to the benefit of the parties, their respective heirs, legal representatives, successors and assigns.

3.Counterparts.  This Fourth Amendment may be executed in multiple counterparts each of which is deemed an original but together constitute one and the same instrument.  Signatures sent via facsimile or electronic mail, including but not limited to signatures in the form of PDF files, scanned images, etc., shall constitute original signatures for the purposes of this Agreement.

4.Status of Purchase Agreement.  Except as specifically amended by this Fourth Amendment, the Purchase Agreement remains unchanged and, as amended by this Fourth Amendment, the Purchase Agreement is in full force and effect.
    

1

IN WITNESS WHEREOF, the undersigned have duly executed this Fourth Amendment as of the date first above written.

	
		
	SELLER:
	HOOPER HOLMES, INC.

	 
	

By:     /s/ Tom Collins     
Name: Tom Collins
Title: SVP & CFO

	PURCHASER:
	MCELROY DEUTSCH MULVANEY & CARPENTER, LLP

/s/ Edward B. Deutsch
                         
Name: 
Title: 

2exhibit107q22014

FIFTH AMENDMENT TO 
PURCHASE AND SALE AGREEMENT

THIS FIFTH AMENDMENT TO PURCHASE AND SALE AGREEMENT (“First Amendment”), dated as of July 18, 2014, is entered into by and between HOOPER HOLMES, INC. (“Seller”), and MCELROY DEUTSCH MULVANEY & CARPENTER, LLP (“Purchaser”), with reference to the following facts:

A.Seller and Purchaser have entered into that certain Purchase and Sale Agreement dated as of May 13, 2014 as amended by a First Amendment to Purchase and Sale Agreement dated June 12, 2014, a Second Amendment to Purchase and Sale Agreement dated July 1, 2014, a Third Amendment to Purchase and Sale Agreement dated July 7, 2014 and a Fourth Amendment to Purchase and Sale Agreement dated July 11, 2014 (collectively the “Purchase Agreement”) for the sale of the Property, as more particularly described in the Purchase Agreement.

B.Seller and Purchaser now desire to amend the Purchase Agreement in certain respects, as provided for hereinbelow.  Capitalized terms not defined herein have the meanings specified in the Purchase Agreement.

NOW THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Seller and Purchaser hereby agree as follows:

1.Amendments to Purchase Agreement.  The Purchase Agreement is hereby amended as follows:

a.A new Section 7.6 shall be add to Section 7 as follows:

7.6    The parties have agreed to address the Property condition concerns discovered during the Inspection Period pursuant to the July 2, 2014 letter of Seller to Purchaser attached hereto as Schedule 7.6  and made a part hereof except that: (i) Escrow # 1 shall be in the amount of $300,000.00 and shall be funded from the Purchase Price; (ii) The Garibaldi Group, LLC shall act as Escrow Agent with respect to Escrow #1 and Escrow # 2 pursuant to a mutually acceptable escrow agreement among the parties; and (iii) Seller shall pay the property and casualty insurance premiums for the Building incurred by Purchaser not to exceed $900 per month beginning on the Closing Date and during the electrical upgrade work that is the subject of Escrow #1.   Such obligation to pay Purchaser’s property and casualty insurance premiums shall only be while the electrical upgrade work is on-going and shall not extend beyond November 30, 2014.

b.Index of Schedules shall be amended to add Schedule 7.6-July 2, 2014 Property Conditions Letter.         

2331492 

2.Successor and Assigns.  This Fifth Amendment shall be binding upon and inure to the benefit of the parties, their respective heirs, legal representatives, successors and assigns.

3.Counterparts.  This Fifth Amendment may be executed in multiple counterparts each of which is deemed an original but together constitute one and the same instrument.  Signatures sent via facsimile or electronic mail, including but not limited to signatures in the form of PDF files, scanned images, etc., shall constitute original signatures for the purposes of this Agreement.

4.Status of Purchase Agreement.  Except as specifically amended by this Fifth Amendment, the Purchase Agreement remains unchanged and, as amended by this Fifth Amendment, the Purchase Agreement is in full force and effect.

    
IN WITNESS WHEREOF, the undersigned have duly executed this Fifth Amendment as of the date first above written.

	
		
	SELLER:
	HOOPER HOLMES, INC.

	 
	

By:     /s/ Tom Collins     
Name: Tom Collins
Title: SVP & CFO

	PURCHASER:
	MCELROY DEUTSCH MULVANEY & CARPENTER, LLP

     /s/ Joseph P. LaSala     
Name: Joseph P. LaSala
Title:  Member, Executive Committee

2Ex. 10.4 - 2014Q2

Empire Resorts, Inc.
204 State Route 17B
Monticello, NY  12701

May 29, 2014

To Whom It May Concern:
We write with reference to the Settlement Agreement and Release between Stanley Stephen Tollman, Bryanston Group, Inc., Empire Resorts, Inc., Kien Huat Reality III, Ltd, Colin Au Fook Yew and Joseph D’Amato dated June 12, 2013 (the “Agreement and Release”).  All defined terms in this letter shall have the same meanings as set out in the Agreement and Release.
The Parties acknowledge that the Tollman Settlement, set forth in Section B of the Agreement and Release, has been completed and satisfied.  Accordingly, there are no outstanding Tollman Preferred Shares.
Pursuant to Section L.9 of the Agreement and Release, the Parties desire to modify the Agreement and Release as follows:
		
	(1)
	Empire shall have the right to cause Bryanston to sell, convey, assign and transfer to Empire, and Empire shall at the same time redeem, purchase and acquire in full from Bryanston from funds legally available to Empire to effect such payment, all of the Bryanston Preferred Shares (an “Early Redemption”) for an amount equal to that set forth in the Settlement Agreement and Release calculated on the date of the Early Redemption as if there had been a Concord Event on that date, notwithstanding whether a Concord Event actually occurs.  For the avoidance of doubt, Empire shall have the right to cause an Early Redemption of all of the Bryanston Preferred Shares at a time of Empire’s own choosing prior to any Concord Event for an amount consistent with the schedule set forth in the Settlement Agreement and Release.

		
	(2)
	Regardless of whether a Concord Event occurs, Bryanston will be required to sell, convey, assign and transfer to Empire, and Empire will be required to redeem, purchase and acquire in full from Bryanston from funds legally available to Empire to effect such payment, all of the Bryanston Preferred Shares at any time when Empire is awarded a Gaming Facility License by the New York State Gaming Facility Location Board and the New York State Gaming Commission and any required license issuance fee has been paid in connection with the proposed construction of a planned casino, hotel, and racetrack at the site of the former Concord Resort in Sullivan County, New York (a “Mandatory Redemption”).  The Mandatory Redemption will be for an amount equal to that set forth in the Settlement Agreement and Release calculated on the date of the Mandatory Redemption as if there had been 

a Concord Event on that date, notwithstanding whether a Concord Event actually occurs.
For the avoidance of doubt, it is expressly agreed that unless and until Early Redemption occurs in compliance with the terms of this side letter, the existing terms and conditions of the Agreement and Release remains unaffected and the obligations unmodified; and specifically Clauses C 1 to C 6 of the said Agreement and Release remain in full force and effect unaffected in any way by this side letter.  The purpose of this side letter is to enable an early release and payment in the same amounts as set out in Clauses 1 – 6 of the Agreement and Release in the event there is an Early Redemption or Mandatory Redemption even if the Concord Event has not occurred.
  
[REMAINDER OF PAGE INTENTIONALLY BLANK.  SIGNATURE PAGES FOLLOW.]

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If the foregoing is agreeable to you, please signify your acceptance of the terms and conditions set forth herein by placing your signature in the space provided below.
Very Truly Yours,
EMPIRE RESORTS, INC.
By:     /s/ Joseph A. D'Amato
Title:    CEO

ACKNOWLEDGED AND AGREED TO BY:

BRYANSTON GROUP, INC.

By:           /s/ Michael W. Kidd - Director
    

KIEN HUAT REALTY III, LTD.

By:         /s/ Gerard Lim Ewe Keng
    
Stanley S. Tollman

          /s/ Stanley S. Tollman

Colin Au Fook Yew

       /s/ Colin Au Fook Yew

Joseph D’Amato

    /s/ Joseph D' Amato

3

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