SEC Contract Filing

Filing Date: 2022-05-25

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>soho-ex101_33.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT 10.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">SECOND AMENDMENT TO </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">REAL ESTATE SALE AGREEMENT</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">THIS SECOND AMENDMENT TO REAL ESTATE SALE AGREEMENT (&#8220;<font style="font-weight:bold;text-decoration:underline;">Second Amendment</font>&#8221;) is made as of May 23, 2022 (the &#8220;<font style="font-weight:bold;text-decoration:underline;">Effective Date</font>&#8221;) by and between <font style="color:#00000A;">RALEIGH HOTEL ASSOCIATES, LLC</font>, a Delaware limited liability company (&#8220;<font style="font-weight:bold;text-decoration:underline;">Seller</font>&#8221;), and <font style="text-transform:uppercase;">CS Acquisition Vehicle, LLC</font>, a Delaware limited liability company (&#8220;<font style="font-weight:bold;text-decoration:underline;">Purchaser</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">RECITALS:</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">A.<font style="margin-left:36pt;">Seller and </font>Purchaser are parties to that certain Real Estate Sale Agreement dated as of November 30, 2021 (&#8220;<font style="font-weight:bold;text-decoration:underline;">Original Agreement</font>&#8221;), as amended by that certain First Amendment to Real Estate Sale Agreement dated as of February 28, 2022 (&#8220;<font style="font-weight:bold;text-decoration:underline;">First Amendment</font>&#8221;; collectively with the Original Agreement, the &#8220;<font style="font-weight:bold;text-decoration:underline;">Agreement</font>&#8221;), with respect to certain real estate and related assets located at <font style="color:#00000A;">1707 Hillsborough Street, Raleigh, North Carolina 27605</font>,<font style="color:#000000;"> </font>as more particularly described in the Agreement.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">B.<font style="margin-left:36pt;">Seller and </font>Purchaser desire to amend the Agreement as more particularly set forth below.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which is acknowledged, the parties agree as follows:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">1.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Incorporation of Recitals; Definitions</font><font style="color:#000000;">. The recitals set forth in this Second Amendment are incorporated herein by reference and made a part hereof as if fully set forth as paragraphs in this Second Amendment. Capitalized terms used in this Second Amendment not otherwise defined herein shall have the meanings when used herein ascribed to such terms in the Agreement.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">2.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Additional Deposit</font><font style="color:#0000