SEC Contract Filing

Filing Date: 2016-08-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.2.2
<SEQUENCE>7
<FILENAME>exhibit1022firstamendmentc.htm
<DESCRIPTION>FIRST AMENDMENT FIATP
<TEXT>
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<div><a name="s1ffde369be43470685ee8f4db0bae68f"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.2.2</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FIRST AMENDMENT TO </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PURCHASE AND SALE AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">First Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made effective as of April 27, 2016, by and between </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FIATP TIMBER LLC</font><font style="font-family:inherit;font-size:12pt;">, a Delaware limited liability company (hereinafter referred to as &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CATCHMARK TIMBER TRUST, INC.</font><font style="font-family:inherit;font-size:12pt;">, a Maryland corporation (hereinafter referred to as &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Purchaser</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WITNESSETH:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, Purchaser and Seller previously have entered into that certain Purchase and Sale Agreement, dated as of April 27, 2016 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;); and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, Purchaser and Seller now desire to modify the terms of the Agreement in certain respects.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, for and in consideration of the premises, the mutual agreements contained herein, and for other good and valuable considerations, the parties hereto do hereby covenant and agree that the Agreement is hereby amended as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:4px;text-align:justify;text-indent:48px;"><font style="padding-bottom:4px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Seller&#8217;s Termination Right</font><font style="font-family:inherit;font-size:12pt;">. The Agreement is hereby amended to add the following thereto as new Section 35:</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller&#8217;s Termination Right</font><font style="font-family:inherit;font-size:12pt;">. Seller shall have the right to terminate this Agreement for any reason or for no reason, and in its sole and absolute discretion (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller&#8217;s Termination Right</font><font style="font-family:inherit;font-size:12pt;">&#8221;), by delivering notice to Purchaser thereof on or before the earlier of (a) the end of the Title Review Period and (b) such time as Purchaser issues the Press Release, as h