This Consulting Services Agreement involves
Title: AMENDMENT NO. 1 TO SEVENTH AMENDED AND RESTATED ADVISORY AGREEMENT
Industry: Real Estate Operations Sector: Services
AMENDMENT NO. 1 TO SEVENTH AMENDED AND RESTATED ADVISORY AGREEMENT
Reference is made to the Seventh Amended and Restated Advisory Agreement, dated as of June 26, 2015 (the “ Agreement ”), among New York REIT, Inc., a Maryland corporation (the “ Company ”), New York Recovery Operating Partnership, L.P., a Delaware limited partnership (the “ Operating Partnership ”), and New York Recovery Advisors, LLC, a Delaware limited liability company (the “ Advisor ”).
The Company, the Operating Partnership and the Advisor, intending to be legally bound, hereby amend the Agreement as set forth herein.
1. The second sentence of Section 16 of the Agreement is hereby amended and restated as follows: “This Agreement shall be deemed renewed automatically for successive six month periods beginning June 26, 2016 (each, an “Automatic Renewal Term”); provided, that this Agreement terminate automatically upon the earlier of (a) consummation of a Change of Control or (b) termination in accordance with Section 17 hereof.