SEC Contract Filing

Filing Date: 2018-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.52
<SEQUENCE>2
<FILENAME>wri-20171231x10kxexh1052.htm
<DESCRIPTION>EXHIBIT 10.52
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2018 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sCE53A575D73C0A5B002D8FDB7372B8E9"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.52</font></div></div><div><br></div><div style="line-height:122%;padding-bottom:38px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">March 11, 2017</font></div><div style="line-height:122%;padding-bottom:32px;text-align:center;padding-left:1px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EIGHTH AMENDMENT TO PROMISSORY NOTE</font></div><div style="line-height:141%;padding-bottom:18px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Eighth Amendment to Promissory Note (this &#8216;'Amendment&#8221;) is to be effective as of the close of business March 11, 2017, or as otherwise stated herein.</font></div><div style="line-height:137%;padding-bottom:20px;text-align:justify;text-indent:50px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the undersigned are parties to that certain Promissory Note (as the same has been and may be hereafter renewed, amended, modified, or extended, the &#8220;Note&#8221;) dated as of March 12, 2009 in the original amount of $12,910,386.14, made by WEINGARTEN REALTY INVESTORS (&#8220;Weingarten&#8221;), a Texas real estate investment trust, and payable to the order of RELIANCE TRUST COMPANY, as Trustee of the Master Nonqualified Plan Trust under the Weingarten Realty Investors Supplemental Executive Retirement Plan and Weingarten Realty Investors Retirement Benefit Restoration Plan (&#8220;Reliance&#8221;); and</font></div><div style="line-height:122%;padding-bottom:17px;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the scheduled maturity date of the Note is March 12, 2017; and</font></div><div style="line-height:137%;padding-bottom:18px;text-align:justify;text-indent:50px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the parties desire to extend the maturity date under the Note to a date one year from the date of its currently-scheduled maturity; and</font></div><div style="line-height:137%;padding-bottom:20px;text-align:justify;text-indent:50px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the parties desire to amend the Note to reflect this change and desire to memorialize the outstanding balance due under the Note as of March 11, 2017;</font></div><div style="line-height:122%;padding-bottom:18px;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW, THEREFORE, it is agreed:</font></div><div style="line-height:122%;padding-left:0px;padding-bottom:17px;text-align:justify;text-indent:0px;"><font style="padding-bottom:17px;text-align:justify;font-family:inherit;font-size:11pt;padding-right:46px;">1.</font><font style="font-family:inherit;font-size:11pt;">The second paragraph of the Note shall be revised to be and read as follows:</font></div><div style="line-height:141%;padding-bottom:18px;text-align:justify;padding-left:50px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;The entire unpaid balance of the Note, including accrued interest, shall be due and payable March 12, 2018.&#8221;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:20px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:137%;font-size:11pt;padding-left:0px;"><font style="font-family:inherit;font-size:11pt;">2.</font></div></td><td style="vertical-align:top;padding-left:4px;"><div style="line-height:137%;text-align:justify;font-size:11pt;text-indent:-4px;"><font style="font-family:inherit;font-size:11pt;">As of the close of business March 11, 2017, the balance due under the Note, including accrued interest, is </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">$8,214,818.09.</font></div></td></tr></table><div style="line-height:122%;padding-bottom:17px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">In all other respects, the Note is hereby ratified and confirmed.</font></div><div style="line-height:137%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This instrument may be executed by the parties individually or in combination, in one or more counterparts, each of which shall be an original and all of which shall together constitute one and the same instrument. Individuals authorized to enter into this amendment on behalf of Weingarten are identified on Exhibit A hereto.</font></div><div style="line-height:122%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:241px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Eighth Amendment to Promissory Note-1</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family: