Document:

ex_115616.htm

Exhibit 10.21

 

AMENDMENT TO AGREEMENT OF SALE

 

 

This AMENDMENT TO AGREEMENT OF SALE (this “Amendment”) is made as of the 6th day of March, 2018 by and between NATHAN’S FAMOUS OPERATING CORP., a Delaware corporation, having an address at One Jericho Plaza, Second Floor, Wing A, Jericho, New York 11753 (the “Seller”), and 660 86 LLC, a New York limited liability company, having an address at 9322 Third Avenue, Brooklyn, New York 11209 (the “Purchaser”).

 

WHEREAS, the Seller and Purchaser entered into that certain Agreement of Sale dated as of September 8, 2017 related to the purchase and sale of certain real property known as 650-666 86th Street, Brooklyn, New York, as more particularly described therein, (the “Agreement”); and

 

WHEREAS, the Agreement provided for the closing of title on or before March 15, 2018, but no later than March 23, 2018, time being of the essence as to such outside date (the “Closing Date”); and

 

WHEREAS, as of the date hereof, Seller is ready, willing and able to close title in accordance with the Agreement; and

 

WHEREAS, Purchaser has requested that the Closing Date be extended, and Seller has agreed to extend the Closing Date, in accordance with the terms and subject to the conditions set forth in this Amendment.

 

NOW, THEREFORE, in consideration of the recitals and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Agreement is hereby amended as follows:

 

1.     Capitalized terms which are not otherwise defined in this Amendment shall have the meaning set forth in the Agreement.

 

2.     Seller and Purchaser agree that the Agreement is in full force and effect.

 

3.     Subject to the conditions set forth in Paragraph 4 of this Amendment, Section 8.01 of the Agreement is hereby deleted in its entirety and replaced with the following:

 

“The Closing shall take place on or before July 15, 2018, but no later than July 23, 2018, time being of the essence as to such outside date (the “Closing Date”) at the offices of Seller’s attorneys, Farrell Fritz, P.C., 400 RXR Plaza, Uniondale, New York.”

 

4.     The aforesaid modification of the Closing Date provided for herein is expressly conditioned upon the following:

 

(a)     The release from escrow, and the payment to Seller contemporaneously with the execution of this Amendment, of the Downpayment in the amount of Six Hundred Thousand Dollars ($600,000.00) and any interest accrued thereon, currently being held by Escrow Agent.

 

 

 

 

(b)     Payment by Purchaser to Seller contemporaneously with the execution of this Amendment, by wire transfer to the account listed below, of an additional downpayment in the sum of Six Hundred Thousand Dollars ($600,000.00) (the “Additional Downpayment” and collectively with the Downpayment as sometimes hereinafter referred to as the “Revised Downpayment”).

 

(c)     The Wiring Instructions for Seller are as follows:     

 

[SELLER TO PROVIDE] 

 

The Downpayment and Additional Downpayment provided for herein, as and when and to the extent actually received by Seller, shall be credited to the Purchase Price at Closing. Notwithstanding the foregoing, in the event that, for any reason whatsoever, the Agreement, as hereby amended, is terminated prior to, or the Closing pursuant to the Agreement, as hereby amended, does not occur on or before, July 23, 2018, then the Revised Downpayment, or any portion thereof, shall not be refundable by Seller or be credited against the Purchase Price under any circumstances, other than Seller Default; for which the Agreement expressly provides that the Revised Downpayment shall be refundable to Purchaser.

 

5.     In the event the conditions set forth in Paragraph 4 hereof are not performed and/or delivered on or before the dates and times set forth for such performance and/or delivery, respectively, TIME BEING OF THE ESSENCE with respect to all such dates, the Agreement shall be deemed terminated and of no further force or effect and Seller shall retain the Downpayment and Additional Downpayment, and upon payment of same to Seller neither party shall have any further rights or obligations to one another except for those which expressly survive the termination of the Agreement.

 

6.     To induce Seller to enter into this Amendment, Purchaser hereby acknowledges and agrees that: (a) Seller is ready, willing and able to close title to the Property as of the date hereof and Seller has timely and completely fulfilled all of its obligations under the Agreement as of the date hereof; (b) all conditions precedent to the Closing have been satisfied, other than those conditions that by their nature are to be satisfied at Closing; (c) to date, neither the title commitment nor any update, amendment or supplement thereto or any UCC or other search disclosing encumbrances on the Property has revealed anything that is not a Permitted Exception under the terms of the Agreement; (d) Purchaser is not aware of anything that would impede closing the transaction contemplated by the Agreement and Purchaser knows of no lawful excuse to not consummate the Closing in accordance with the terms of the Agreement as hereby amended; and (e) Purchaser has no knowledge of any breach by Seller of any of the terms of the Agreement.

 

7.     Miscellaneous.

 

(a)     In the event of any conflict between the terms and provisions of the Agreement and the terms and provisions of this Amendment, the terms and provisions of this Amendment shall govern and be binding.

 

2

 

 

(b)     Except as set forth herein, all terms and conditions of the Agreement remain in full force and effect.

 

 

 

(c)     This Amendment may be executed in any number of counterparts, all of which when taken together shall constitute one and the same instrument. Signatures transmitted via facsimile, PDF or other electronic method shall be deemed original signatures for purposes hereof and shall have the same binding effect as delivery of an executed original.

 

 

 

(SIGNATURES ON NEXT PAGE)

 

3

 

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

	 	
			Seller:

			 

			NATHAN’S FAMOUS OPERATING CORP.

			 

			By:        /s/ ERIC GATOFF

			Title:     CEO

			 

			 

			Purchaser:

			 

			660 86 LLC

			 

			By:        /s/ TIM ZISS

			Title:     Managing Member

			

 

 

 

 

FF\7192881.1EX-4.6

 Exhibit 4.6 

THIRD AMENDMENT 
 TO THE
SECOND AMENDED AND RESTATED 
 INVESTOR RIGHTS AGREEMENT 

THIS THIRD AMENDMENT TO THE SECOND AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT (this “Third Amendment”) is made as of
June 6, 2018, by and among MACOM Technology Solutions Holdings, Inc., a Delaware corporation (the “Company”), and the Persons listed as set forth on the signature pages hereto, each of which is an Investor under that certain
Second Amended and Restated Investor Rights Agreement, dated as of February 28, 2012 (as amended, the “Agreement”), for the purpose of making certain amendments to the Agreement. Unless otherwise defined herein, all capitalized
terms used but not defined herein shall have the meanings ascribed to them in the Agreement. 
 PRELIMINARY STATEMENTS 

Pursuant to Section 3.04 of the Agreement, the Agreement may be amended by the written agreement of the Company, the Majority
Class B Investors and the Majority Continuing Investors. The Company and the undersigned Investors constituting the Majority Class B Investors and the Majority Continuing Investors desire to make the amendment to the Agreement set forth in
this Third Amendment. 
 AGREEMENT 

NOW, THEREFORE, in consideration for the mutual promises provided herein, and other good and valid consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree to the following: 
 1. Exception to Piggyback Registration Rights. 

Section 2.02(a) of the Agreement is hereby amended by inserting the following sentence at the end of the paragraph in
Section 2.02(a): 
 “Notwithstanding the foregoing, the notice provisions of this
Section 2.02(a) shall not apply to any Piggyback Registration relating to the registration statement on Form S-3 to be filed by the Company with the Securities and Exchange Commission
prior to June 30, 2018 (the “2018 Shelf Registration Statement”). Furthermore, only Summit Investors and GaAs Labs Investors, and, for the avoidance of doubt, no other Investor, shall have any registration rights under
Article II of the Agreement with respect to their respective Registrable Securities in connection with the 2018 Shelf Registration Statement or any public offering of Registrable Securities which are offered for sale under the 2018 Shelf
Registration Statement and the Company shall include in any such public offering all Continuing Investor Registerable Securities held by the GaAs Labs Investors and all Summit Registrable Securities with respect to which the Company has received
written requests for inclusion therein within 5 days after receipt of the Company’s notice, subject to the limitations and priorities set forth in this Section 2.02.” 

2. Full Force and Effect 
 Except as
otherwise amended hereby, the terms and provisions of the Agreement shall remain in full force and effect and any conflict between the terms of the Agreement and this Third Amendment shall be construed in favor of this Third Amendment. 

3. Headings 
 The headings of this Third
Amendment are for convenience only and do not constitute a part of this Third Amendment. 
 4. Counterparts 

This Third Amendment may be executed in any number of counterparts (including by means of facsimile or electronic transmission in portable
document format (pdf)), each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument. 

5. Telecopy Execution and Delivery 
 A
facsimile, telecopy or other reproduction of this Third Amendment may be executed by one or more parties hereto and delivered by such party by facsimile or any similar electronic transmission device pursuant to which the signature of or on

 
behalf of such party can be seen. Such execution and delivery shall be considered valid, binding and effective for all purposes. At the request of any party hereto, all parties hereto agree to
execute and deliver an original of this Third Amendment as well as any facsimile, telecopy or other reproduction hereof. 
 6. Governing Law 

This Third Amendment and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of
the State of Delaware, without regard to principles of conflicts of law. 
 [Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment to the Second
Amended and Restated Investor Rights Agreement as of the date first above written. 
  

			
	COMPANY:
	
	MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
		
	By:	 	/s/ Robert J. McMullan
	Name:	 	Robert J. McMullan
	Title:	 	Senior Vice President and Chief Financial Officer

  
 SIGNATURE PAGE TO THE THIRD
AMENDMENT TO THE 
 SECOND AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 
			
	 INVESTORS:

	
	OCAMPO FAMILY TRUST—2001
		
	By:	 	/s/ John L. Ocampo
	Name:	 	John L. Ocampo
	Title:	 	Trustee

  

	
	/s/ John L. Ocampo
	John L. Ocampo, Co-Trustee of the 2007 Trust Agreement for Bobby J. Ocampo

  

	
	/s/ Susan M. Ocampo
	Susan M. Ocampo, Co-Trustee of the 2007 Trust Agreement for Bobby J. Ocampo

  

	
	/s/ John L. Ocampo
	John L. Ocampo, Co-Trustee of the 2007 Trust Agreement for Ashley T. Ocampo

  

	
	/s/ Susan M. Ocampo
	Susan M. Ocampo, Co-Trustee of the 2007 Trust Agreement for Ashley T. Ocampo

  

	
	/s/ John L. Ocampo
	John L. Ocampo, Co-Trustee of the 2007 Trust Agreement for Joshua F. Ocampo

  

	
	/s/ Susan M. Ocampo
	Susan M. Ocampo, Co-Trustee of the 2007 Trust Agreement for Joshua F. Ocampo

  
 SIGNATURE PAGE TO THE THIRD
AMENDMENT TO THE 
 SECOND AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 
			
	SUMMIT PARTNERS PRIVATE EQUITY FUND VII-A, L.P.
		
	By:	 	 Summit Partners PE VII, L.P.

	Its:	 	General Partner
		
	By:	 	Summit Partners PE VII, LLC
	Its:	 	General Partner
		
	By:	 	Summit Partners, L.P.
	Its:	 	Managing Member
		
	By:	 	Summit Master Company, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Peter Y. Chung

	Name:	 	 Peter Y. Chung

	Title:	 	Member

  

			
	SUMMIT PARTNERS PRIVATE EQUITY FUND VII-B, L.P.
		
	By:	 	 Summit Partners PE VII, L.P.

	Its:	 	General Partner
		
	By:	 	Summit Partners PE VII, LLC
	Its:	 	General Partner
		
	By:	 	Summit Partners, L.P.
	Its:	 	Managing Member
		
	By:	 	Summit Master Company, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Peter Y. Chung

	Name:	 	 Peter Y. Chung

	Title:	 	Member

  

			
	 SUMMIT INVESTORS I, LLC

		
	By:	 	 Summit Investors Management, LLC

	Its:	 	Manager
		
	By:	 	 Summit Master Company, LLC

	Its:	 	 Managing Member

		
	By:	 	 /s/ Peter Y. Chung

	Name:	 	 Peter Y. Chung

	Title:	 	Member

  

			
	 SUMMIT INVESTORS I (UK), L.P.

		
	By:	 	 Summit Investors Management, LLC

	Its:	 	Manager
		
	By:	 	 Summit Master Company, LLC

	Its:	 	 Managing Member

		
	By:	 	 /s/ Peter Y. Chung

	Name:	 	 Peter Y. Chung

	Title:	 	Member

  
 SIGNATURE PAGE TO THE THIRD
AMENDMENT TO THE 
 SECOND AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT

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