Document:

exv10w54

Exhibit-10.54

FIRST AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT

     THIS FIRST AMENDMENT TO REAL ESTATE SALES CONTRACT (this “Amendment”) is made as of this 26th
day of March, 2008 by and between Midwest Bank and Trust Company, an Illinois banking corporation
(“Seller”), and NMD Investments LLC, an Illinois limited liability company (“Purchaser”).

W  I  T  N  E  S  S  E  T  H

     WHEREAS, Seller and PGG LLC, an Illinois limited liability company (“PGG”)entered into that
certain Agreement of Purchase and Sale dated as of March 10th, 2008 (the “Contract”), for the sale
and purchase of certain real estate commonly known as (1) 1601-21 North Milwaukee, Chicago,
Illinois, which is improved with a bank building and vacant lot (collectively, the “Milwaukee
Property”), and (2) 1611-1617 North Damen Avenue, Chicago, Illinois, which consists of four (4)
vacant lots (the “Damen Property”);

     WHEREAS, on March 25, 2008, the PGG assigned the Contract to Purchaser; and

     WHEREAS, the Purchaser and Seller have agreed to amend and revise certain provisions of the
Contract as hereinafter set forth.

     NOW, THEREFORE, for and in consideration of the foregoing and for additional consideration,
the adequacy and receipt of which is hereby acknowledged, the parties agree as follows:

     1. The above recitals are hereby incorporated by reference.

     2. Paragraph 2 of the Contract shall be amended to reflect that the Purchase Price
shall be allocated as follows: The Purchase Price of the Milwaukee Property shall be
$12,350,000.00 and the Purchase Price for the Damen Property shall be $6,000,000.00.

     3. Except as modified herein, the remaining terms and conditions of the Contract, as amended, shall remain unmodified and in full force and effect.

     4. This Amendment may be executed in counterparts and by facsimile capable of
issuing a confirming receipt. Each such counterpart and facsimile when taken together shall be
considered the entire Amendment to the Contact.

     5. Each individual executing this Amendment represents and warrants to the others
that he or she is duly authorized to execute and deliver this Amendment on behalf of the party
for
whom he or she is executing and that such execution is binding upon such party.

     6. In the event of any conflict between this Amendment and the Contract, this
Amendment shall govern and control. Capitalized terms not otherwise defined herein are given
the definitions ascribed to them in the Contract.

 

 

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year above
written.

	 	 	 	 	 	 	 	 	 
	SELLER:

	 	PURCHASER:	 	 
	 
	 	 	 	 	 	 	 	 
	MIDWEST BANK AND TRUST COMPANY, an 

Illinois banking corporation	 	NMD INVESTMENTS LLC, an Illinois

limited liability company	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Bruno P. Costa
 

	 	By:
	 	/s/ Terry H. Upton
 

	 	 
	Name:

	 	Bruno P. Costa
 

	 	Name:
	 	Terry H. Upton
 

	 	 
	Title:

	 	Executive Vice President
 

	 	Title:
	 	Memberexv10w55

Exhibit 10.55

POST-CLOSING OCCUPANCY AGREEMENT

     THIS POST-CLOSING OCCUPANCY AGREEMENT (the “Agreement”) is made and entered into as of the
28th day of March, 2008 (the “Effective Date”) by and between MIDWEST BANK AND TRUST COMPANY, an
Illinois banking corporation (“Seller”) and NMD INVESTMENTS LLC, an Illinois limited liability
company (“Purchaser”).

R E C I T A L S:

     A. On the Effective Date Seller sold to Purchaser and Purchaser acquired from Seller a
certain parcel of real estate improved with a bank building (the “Building”) located at 1601 North
Milwaukee Avenue, Chicago, Illinois, together with a vacant lot located immediately north of and
adjacent to the Building.

     B. Seller desires to retain occupancy and possession of the Building after the Effective Date
for a period of not less than nine (9) months and not more than eighteen (18) months (the
“Post-Occupancy Term”).

     C. Purchaser is willing to allow Seller to retain occupancy and possession of the
Building during the Post-Occupancy Term, subject to the terms and provisions set forth below.

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

     1. Termination of Post-Occupancy Term. Commencing as of the Effective Date, Seller
shall retain occupancy and possession of the Building during the Post-Occupancy Term. Seller may
terminate this Agreement effective at any time on or after the date immediately preceding the nine
(9) month anniversary of the Effective Date by giving Purchaser not less than thirty (30) days
prior written notice of Seller’s intention to terminate this Agreement. However, if Seller fails
to terminate this Agreement on or before the date immediately preceding the eighteen (18) month
anniversary of the Effective Date (the “Outside Date”), then this Agreement will automatically
terminate on the Outside Date and Seller will vacate and surrender occupancy and possession of the
Building to Purchaser on the Outside Date.

     2. Use and Occupancy Fee. Beginning on the Effective Date and continuing on each
monthly anniversary of the Effective Date until the end of the Post-Occupancy Term, Seller shall
pay to Purchaser a monthly use and occupancy fee in the amount of Seventy-Five Thousand and 00/100
Dollars ($75,000.00) in consideration for Seller’s occupancy and possession of the Building during
the Post-Occupancy Term. The monthly use and occupancy fee for any partial month during the
Post-Occupancy Term will be prorated on a per diem basis based on the number of days during said
partial month that Seller remains in occupancy and possession of the Building and any such amount
previously paid in excess of the amount determined due shall be refunded to Seller.

 

 

     3. Real Estate Taxes and Insurance. During the Post-Occupancy Term Seller will, within
ten (10) days after Purchaser’s request therefor, reimburse Purchaser for fifty percent (50%) of
all (i) real estate taxes, and (ii) premiums for casualty and liability insurance incurred or paid
for by Purchaser relating to the Building. In addition, Seller will defend, indemnify and hold
Purchaser harmless from and against any and all claims, losses, costs, damages and expenses which
Purchaser may suffer, incur or sustain, or for which Purchaser may become liable, by virtue of the
injury to or death of any person(s), or the loss of property owned by Seller’s customers, including,
without limitation, reasonable attorneys’ fees, arising out of or in connection with Seller’s use
and occupancy of the Building from and after the Effective Date until the end of the Post-Occupancy
Term to the extent not reimbursed to Purchaser through insurance proceeds. In the event of a
casualty rendering the Building partially untenantable and capable of prompt restoration, Purchaser
shall promptly restore the Building and improvements. In the event of a casualty rendering the
building wholly untenantable or not capable of prompt restoration, this Agreement shall terminate
and Purchaser shall pay to Seller the amount of insurance proceeds related to Seller’s damaged
property. Rent and other obligations shall abate on an equitable basis during any period of
untenantability.

     4. Utilities. Seller shall pay for the cost of any and all utility consumption and
telephone charges incurred in the Building during the Post-Occupancy Term until Seller vacates and
surrenders occupancy and possession of the Building to Purchaser.

     5. Condition of Building. At the end of the Post-Occupancy Term Seller shall vacate
and deliver occupancy and possession of the Building to Purchaser in the same condition as existed
on the Effective Date, ordinary wear and tear and casualty excepted. During the Post-Occupancy
Term, Seller shall be responsible for general interior maintenance and HVAC maintenance. Purchaser
shall be responsible for all exterior maintenance, including the roof, and all replacements,
including HVAC, electrical and plumbing system components, and all repairs or replacements of
structural elements; provided however, that if HVAC unit replacements are necessary, Purchaser may
provide units primarily designed for serving replacement tenant(s) after the end of the
Post-Occupancy Term, as long as the replacement unit(s) provide heating and cooling function to
Seller equivalent or better than the former unit. In the event Purchaser will conduct construction
or maintenance activities at the Building or the adjacent lot during the Post-Occupancy Term, the
Purchaser will coordinate such activities with Seller and in any event will conduct such
activities in a manner so as not to interfere with the business operations of Seller.

     6. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Illinois.

     7. Counterparts. This Agreement may be executed in any number of counterparts, and
all such counterparts shall constitute 

one (1) Agreement.

     8. Successors and Assigns. This Agreement shall inure to and be binding upon the
parties hereto and their respective successors and assigns.

     9. Entire Agreement. This Agreement constitutes the entire
understanding between the parties with respect to the post-closing occupancy and possession of the Building,

 

 

and may not be amended without the written consent or signature of Seller and Purchaser.

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

	 	 	 	 	 	 	 	 	 	 	 
	PURCHASER:	 	 	 	SELLER:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	NMD INVESTMENTS LLC,	 	 	 	MIDWEST BANK AND TRUST COMPANY,	 	 
	an Illinois limited liability company	 	 	 	an Illinois banking corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	BY:

	 	/s/ Terry H. Upton
	 	 	 	By:
	 	/s/ Bruno P. Costa	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Its:

	 	Manager
	 	 	 	Its:
	 	Executive Vice President

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