SEC Contract Filing

Filing Date: 2015-09-23

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>a15-20003_1ex10d3.htm
<DESCRIPTION>EX-10.3
<TEXT>

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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.3</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIRD AMENDMENT TO</font></u></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AMENDED AND RESTATED LEASE AGREEMENT NO. 4</font></u></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS THIRD AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT NO. 4</font></b> (this &#147;<u>Amendment</u>&#148;) is made and entered into as of September&nbsp;23, 2015 by and between <b>HPT TA PROPERTIES TRUST</b>, a Maryland real estate investment trust, and <b>HPT TA PROPERTIES LLC</b>, a Maryland limited liability company, as landlord (collectively, &#147;<u>Landlord</u>&#148;), and <b>TA OPERATING LLC</b>, a Delaware limited liability company, as tenant (&#147;<u>Tenant</u>&#148;).</p>
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<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">W</font></u></b><b>&nbsp;<u>I</u>&nbsp;<u>T</u>&nbsp;<u>N</u>&nbsp;<u>E</u>&nbsp;<u>S</u>&nbsp;<u>S</u>&nbsp;<u>E</u>&nbsp;<u>T</u>&nbsp;<u>H</u>:</b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, Landlord and Tenant are parties to that certain Amended and Restated Lease Agreement No.&nbsp;4, dated as of June&nbsp;9, 2015, as amended by that certain First Amendment to Amended and Restated Lease Agreement No.&nbsp;4, dated as of June&nbsp;16, 2015, and that certain Second Amendment to Amended and Restated Lease Agreement No.&nbsp;4, dated as of June&nbsp;23, 2015 (as so amended, the &#147;<u>Lease</u>&#148;), pursuant to which Landlord leases to Tenant and Tenant leases from Landlord certain land and/or improvements, all as set forth in the Lease; and</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, as of the date of this Amendment, HPT TA Properties Trust has acquired from Tenant certain land and improvements comprising a travel center having an address at 3747 Express Drive, Holbrook, Arizona 86205, as further described on Exhibit&nbsp;A-38 attached to this Amendment (collectively, the &#147;<u>Holbrook Property</u>&#148;); and</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, Landlord and Tenant desire to amend the Lease to include the Holbrook Property as a Property (as defined in the Lease);</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOW, THEREFORE</font></b>, in consideration of the mutual covenants herein contained and other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree, as of the date of this Amendment, as follows:</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Capitalized Terms</u>.&#160; Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given such terms in the Lease.</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Commencement Date</u>.&#160; The defined term &#147;Commencement Date&#148; shall mean, with respect to the Holbrook Property, the date of this Amendment.