Document:

Exhibit 10.54

 

FIRST AMENDMENT TO

SALE AND PURCHASE AGREEMENT

 

FIRST AMENDMENT TO
SALE AND PURCHASE AGREEMENT, made as of June 21, 2013 (this “Amendment”), by and among the sellers set forth
below (each individually a “Seller” and collectively the “Sellers”), and THOR 50 VARICK
LLC, a Delaware limited liability company (“Purchaser”).

 

W  I  T  N  E  S  S  E  T  H:

 

WHEREAS, Purchaser
and Sellers entered into a certain Sale and Purchase Agreement (the “Agreement”) as of April 30, 2013 between
Sellers and Purchaser with respect to the purchase and sale of 100% of the shares of Varick Investments S.a.r.L, a Luxembourg private
limited liability company, which company is the sole shareholder of Varick Studios Inc., a Delaware corporation, which company
is the sole member of 50 Varick LLC, which entity is the owner of the Property (as defined therein) located at 50 Varick Street,
New York, NY; and

 

WHEREAS, Purchaser
and Sellers desire to modify the Agreement as set forth in this Amendment.

 

NOW, THEREFORE, in
consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by Sellers and Purchaser, the parties hereto hereby agree as follows:

 

1.      Incorporation
of Definitions. All capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to
them in the Agreement.

 

2.      Closing.
The “June 28, 2013” date in the first and third sentences of Section 3(a) of the Agreement is hereby replaced
by July 10, 2013.

 

3.      Standstill.
Section 9(f) of the Agreement is hereby replaced with the following:

 

		(f)	Standstill. From the date hereof until the Closing
or earlier termination of this Agreement in accordance herewith:

  

		(i)	Sellers shall not, directly or indirectly, enter into any contract for the sale or disposal of
any Shares or any securities or obligations convertible into or exchangeable for, or giving any person any right to acquire any
membership interests in the Company, or any other direct or indirect interests in the Property, the Company, Delco or US Propco,
and

 

		(ii)	Sellers shall not, and shall cause the Company, Delco or US Propco not to, directly or indirectly,
enter into any contract for the sale or disposal of any of the assets of the Company, Delco or US Propco, including, but not limited
to, its interests in the Property and the Spring Lease.

 

4.      Counterparts.
This Amendment may be executed in any number of counterparts and by each party on separate counterparts. Each counterpart is an
original, but all counterparts, taken together, shall constitute one and the same agreement. Delivery of an executed counterpart
signature page of this Amendment by e-mail (pdf) or fax shall be as effective as delivery of a manually executed counterpart of
this Amendment.

 

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5.      Reaffirmation.
Except as expressly amended by this Amendment, the parties hereto agree that the terms, conditions and provisions of the Agreement
are hereby ratified and reaffirmed and shall remain in full force and effect. This Amendment and the Agreement shall hereafter
be read and construed together as a single document, and all references to the “Agreement” contained in the Agreement
or any other instrument shall hereafter refer to the Agreement as amended by this Amendment.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF,
this Amendment has been duly executed by the parties hereto as of the day and year first above written.

 

PURCHASER:

 

THOR 50 VARICK LLC

 

By: DSFT Holdings LLC, its sole member

 

	By:	/s/ Morris Missry	 
	 	Name: Morris Missry	 
	 	Title: Manager	 

 

SELLERS:

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact
for GREENGAGE S.A., Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for KENSINGTON
SQUARE HOLDING S.A., Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for SCLAREA
FOUR S.A., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for HAWKSFORD
TRUSTEES JERSEY LTD as Trustee of the Dog Trust, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for HUERTAS
GROUP LTD., pursuant to Power of Attorney, dated March 4, 2013      

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attornéy-in-fact for
AREPO FIDUCIARA S.R.L., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for TIZIANI
CAPITAL LIMITED, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cay rati Crivelli, as attorney-in-fact for
OMNIAFIN S.P.A., pursuant to Power of Attorney, dated March 4, 2013

 

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	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for SIMON FIDUCIARA
S.P.A., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivèlli, as attorney-in-fact for
KRUIDO S.A., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for UDOLL MANAGEMENT
LIMITED, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ANTONIO
TAZARTES, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for MARIA
BARTON, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for MARCO GOBBETTI,
pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for LUISA CAJRATI
CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013      

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attornéy-in-fact for
AMEDEO CLAVARINO, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for RICCARDO
CAJRATI CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for GIORGIO
CAJRATI CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for UBERTO
CAJRATI CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for PAOLO CARDANO,
pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for GIOVANNI
DI VINCENZO, pursuant to Power of Attorney, dated March 4, 2013

  

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	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ANDREA
A. ZAMBON, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ROBERTO
MANGIAVACCHI, pursuant to Power of Attorney, dated March 4, 2013.

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ANTONIO
BELLONI, pursuant to Power of Attorney, dated March 4, 2013      

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ICS SECURITIES
S.A R.L., Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

	/s/ Alessandro Cajrati Crivelli	 
	ALESSANDRO CAJRATI CRIVELLI, individually	 

 

    	5Exhibit 10.55

 

SECOND AMENDMENT TO

SALE AND PURCHASE
AGREEMENT

 

SECOND AMENDMENT TO
SALE AND PURCHASE AGREEMENT, made as of June 25, 2013 (this “Amendment”), by and among the sellers set forth
below (each individually a “Seller” and collectively the “Sellers”), and THOR 50 VARICK
LLC, a Delaware limited liability company (“Purchaser”).

 

W  I  T  N  E  S  S  E  T  H:

 

WHEREAS, Purchaser
and Sellers entered into a certain Sale and Purchase Agreement as of April 30, 2013 between Sellers and Purchaser, as modified
by that certain First Amendment To Sale And Purchase Agreement, made as of June 21, 2013 between Sellers and Purchaser (as amended,
the “Agreement”) with respect to the purchase and sale of 100% of the shares of Varick Investments S.a.r.1.,
a Luxembourg private limited liability company, which company is the sole shareholder of Varick Studios Inc., a Delaware corporation,
which company is the sole member of 50 Varick LLC, which entity is the owner of the Property (as defined therein) located at 50
Varick Street, New York, NY; and

 

WHEREAS, Purchaser
and Sellers desire to modify the Agreement as set forth in this Amendment.

 

NOW, THEREFORE, in
consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by Sellers and Purchaser, the parties hereto hereby agree as follows:

 

1.    
Incorporation of Definitions. All capitalized terms used but not otherwise defined in this Amendment shall have the meanings
ascribed to them in the Agreement.

 

2.    Purchase
Price. The last sentence of Section 2(a)(iii) of the Agreement is hereby deleted in its entirety and the following
is inserted in lieu thereof:

 

Notwithstanding the foregoing,
the adjusted Purchase Price may not be less than $28,803,876.00 US Dollars or more than $30,603,876.00 US Dollars.

 

3.    Assignment
of Agreement. Sellers hereby acknowledge that Purchaser intends to assign the Agreement to 50VARNY001, LLC, a Delaware LLC,
and Sellers hereby consent to such assignment, notwithstanding any provisions of the Agreement, including, without limitation,
Section 9(b) thereof, and 50VARNY001, LLC shall thereafter be the “Purchaser” thereunder.

 

4.    Counterparts.
This Amendment may be executed in any number of counterparts and by each party on separate counterparts. Each counterpart is an
original, but all counterparts, taken together, shall constitute one and the same agreement. Delivery of an executed counterpart
signature page of this Amendment by e-mail (pdf) or fax shall be as effective as delivery of a manually executed counterpart of
this Amendment.

 

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5.    Reaffirmation.
Except as expressly amended by this Amendment, the parties hereto agree that the terms, conditions and provisions of the Agreement
are hereby ratified and reaffirmed and shall remain in full force and effect. This Amendment and the Agreement shall hereafter
be read and construed together as a single document, and all references to the “Agreement” contained in the Agreement
or any other instrument shall hereafter refer to the Agreement as amended by this Amendment.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF,
this Amendment has been duly executed by the parties hereto as of the day and year first above written.

 

PURCHASER:

 

THOR 50 VARICK LLC

 

By: DSFT Holdings LLC, its sole member

 

	By:	/s/ Morris Missry	 
	 	Name:  Morris Missry	 
	 	Title: Manager	 

 

SELLERS:

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact
for GREENCAGE S.A., Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for KENSINGTON
SQUARE HOLDING S.A., Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for SCLAREA
FOUR S.A., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for HAWKSFORD
TRUSTEES JERSEY LTD as Trustee of the Dog Trust, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for HUERTAS
GROUP LTD., pursuant to Power of Attorney, dated March 4, 2013      

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for
AREPO FIDUCIARA S.R.L., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for TIZIANI
CAPITAL LIMITED, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cay rati Crivelli, as attorney-in-fact for
OMNIAFIN S.P.A., pursuant to Power of Attorney, dated March 4, 2013

 

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	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for SIMON FIDUCIARA
S.P.A., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivèlli, as attorney-in-fact for
KRUIDO S.A., pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for UDOLL MANAGEMENT
LIMITED, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ANTONIO
TAZARTES, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for MARIA
BARTON, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for MARCO GOBBETTI,
pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for LUISA CAJRATI
CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for
AMEDEO CLAVARINO, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for RICCARDO
CAJRATI CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for GIORGIO
CAJRATI CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for UBERTO
CAJRATI CRIVELLI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for PAOLO CARDANO,
pursuant to Power of Attorney, dated March 4, 2013

 

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	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for GIOVANNI
DI VINCENZO, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ANDREA
A. ZAMBON, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ROBERTO
MANGIAVACCHI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ANTONIO
BELLONI, pursuant to Power of Attorney, dated March 4, 2013

 

	SIGNED by:	/s/ Alessandro Cajrati Crivelli	 

Alessandro Cajrati Crivelli, as attorney-in-fact for ICS SECURITIES
S.A.R.L., Société de Titrisation, pursuant to Power of Attorney, dated March 4, 2013

 

	/s/ Alessandro Cajrati Crivelli	 
	ALESSANDRO CAJRATI CRIVELLI, individually	 

 

    	5

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