SECOND AMENDMENT TO AGREEMENT
TO SELL AND PURCHASE REAL PROPERTY
AND ESCROW INSTRUCTIONS
This Second Amendment to Agreement to Sell and Purchase Real Property
and Escrow Instructions (the "Amendment") is entered into as of May 15, 1998, by
and between Certified Grocers of California, Ltd., a California corporation
("Seller") and Smart & Final Stores Corporation, a California corporation
("Buyer") with respect to the following facts and circumstances:
1. Buyer and Seller have previously entered into that certain
Agreement to Sell and Purchase Real Property and Escrow Instructions dated
September 12, 1997 as amended by the First Amendment dated April 6, 1998 (the
"Purchase Agreement"). Capitalized terms used but not otherwise defined in this
Agreement shall have the meanings given those terms in the Purchase Agreement.
2. Buyer and Seller desire to amend the Purchase Agreement on the
terms and conditions contained herein.
It is, therefore, agreed as follows:
2. Seller and Buyer agree that the Site Work will be considered
complete in accordance with the Purchase Agreement when the following have
occurred:
(1) All known buildings and improvements have been removed from
the surface of the applicable portion of the Property.
(2) All known footings and stemwalls have been removed to a depth
of 4 feet below the existing grade.
(3) All basements on the applicable portion of the Property have
been back-filled to the existing grade elevation with 90% or better
compaction certified by a soils engineer.
For the purposes of this Paragraph 1, the "applicable portion of the Property"
means (i) the portions of the Property other than the Reserved Areas with
respect to the Pre Closing Site Work and (ii) the Reserved Areas with respect to
the Post Closing Site Work.
-1-
3. During the course of Buyer's construction of its new warehouse
facility on the Property, any additional subsurface structures which impede
construction of new footings and/or on-site utilities by Buyer will be removed,
to the degree reasonably necessary to facilitate that construction, at Seller's
expense (not to exceed $15,000.00 in the aggregate), provided that both Seller
and Buyer have agreed that such additional removal is customary and reasonable.
4. Except as and to the extent expressly amended hereby, the Purchase
Agreement is unmodified and in full force and effect. This Agreement and the
Purchase Agreement are the entire agreement between Buyer and Seller with
respect to the matters described therein and herein, and neither the Purchase
Agreement nor this Agreement may modified except by a written agreement signed
by Buyer and Seller. No reference to this Agreement is necessary in any
instrument or document at any time referring to the Purchase Agreement, a
reference to the Purchase Agreement being deemed a referenced to the Purchase
Agreement, as amended by this Agreement. This Agreement shall be governed by,
and construed and enforced in accordance with, the laws of the State of
California. This Agreement may be executed in any number of counterparts, each
of which when executed and delivered will be deemed an original and all of
which, when taken together, will be deemed to be one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.
SELLER:
CERTIFIED GROCERS OF CALIFORNIA, LTD.
a California corporation
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇.
-----------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇.
---------------------------------
Title: Secretary
--------------------------------
-2-
BUYER:
SMART & FINAL STORES CORPORATION,
a California corporation
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
-----------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
---------------------------------
Title: Vice President
--------------------------------
-3-