Contract - KR CC, Inc. - 4/14/2022 (2) THIRD AMENDMENT TO GROUND LEASE AGREEMENT
This THIRD AMENDMENT TO GROUND LEASE AGREEMENT °s
"Amendment!')
en t.") is made and entered into as ofe�Jj.._, 2 22 ( e saEff
eetl�e 3.tee ee , ae rule city and municipal corporation(the
and KR CC, INC.,a Delaware corporation(ae , � and acknowledged and agree to
by KR ACQUISITIONS, LLC, a Delaware limited liability company(`S ubtenartt").
RECITALS
A. The City and Tenant entered teat at certain Ground Lease Agreement, dated
f December 20,2016, as amended by that certain First Amendment to Ground Lease, dated
of February 1, 2017, as further e ed by that certainecce c e t to Ground Lease,
dated as of April 26, 2018 (together,the"Ground ease"), pursuant to which the City leases to
Tenant, and Tenantleases from the City the real property described on Exhibit A hereto (the
"Resort').
6 es 7)°
B. Tenant and Subtenant entered into that certain e e of Ground Lease, Option
o Take Assignment of Ground Lease,and Option to Purchase dated as of April 26, 2018
("5u le e"), pursuant to whichthe Tenant subleases to Subtenant, and Subtenantleases from
the Tenant the Subleased Premises( seftue in the Sublease).
C. Pursuant tote Ground Lease,the City and Tenantdesire to amend the Ground
Lease as set forth herein, such amendment to be binding upon the City,Tenant and Subtenant.
NOW THEREFORE, for good and valuable consideration, e receipt and adequacy f
whichere acknowledged, the parties agree as follows:
1, Defined Terms. Termstili u of defined hereinshall have the
meanings set forth in the Ground Lease.
2. Section 15>13( f the Ground Lease is hereby deletedin its entirety.
3, Successors and Assigns. ThisAmendment shall bind and inure tote benefit
oft e parties and their respective heirs, successors and assigns.
4. Goveming,Law. This Amendment is govemedy Texas law.
(Signatures appear on the following s)
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ISI WITNESS WHEREOF, the City and Tenant have entered into this Amendment as of
the day and year first above written.
CITY:
CITY 0FROUND ROCK,TEXAS
home rule city and municipal corporation
By:
d e°
Title,
ACKNOWLEDGEMENT
STATE OF TEXAS
COUNTY OF WILLIAMSON §
1' °s instrument was acknowledged before me on the,4ay of q �2022, y
s of the CITY C}}F l (3LT1� ROCK,TE �S, a home rule city
d u . ip l et�r + ra n.
m
carry Pub. .ry,,
C Fig®��� State of Te' as
a
_ tU ° IPA
®_
Prete ,N
'0 My Commission Expires:
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4
SUBTENANT:
KR ACQUISITIONS, LLC,
Delaware limited liability company
By
Na,
Title,
ACI(NOWLEDGEMENT
STATE OF WISCONSIN §
COUNTY S UIS.
° ° instrument was acknowledged before n the day of,,, �,i . .........12022,by
,,,,
. � fACQUISITIONS, LI.� , De � e limited liability
'impa y.
Notary I' I
State of
My commis,si�s�
Nor
W,
'. ULlc
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