EX-99.2 4 a2059935zex-99_2.txt AMENDMENT #1 DATED SEPT. 2001 Exhibit 99.2 AMENDMENT NO. 1 TO AMENDED AND RESTATED SUPPORT AND STANDSTILL AGREEMENT This AMENDMENT NO. 1 TO AMENDED AND RESTATED SUPPORT AND STANDSTILL AGREEMENT (this "AMENDMENT") is entered into as of this 14th day of September, 2001 by and among CADIM INC. (together with its affiliates, "CADIM"), THE PRIME GROUP, INC. ("PGI"), PRIME GROUP VI, L.P. ("PLP"), PRIMESTONE INVESTMENT PARTNERS L.P. ("PRIMESTONE"), PRIME GROUP LIMITED PARTNERSHIP ("PRIME LP"), PG/PRIMESTONE, L.L.C. ("PGLLC") and MICHAEL W. RESCHKE ("RESCHKE" and, together with PGI, PLP, Primestone, Prime LP and PGLLC, the "PGI PARTIES"). WHEREAS, Cadim and the PGI Parties have entered into an Amended and Restated Support and Standstill Agreement (the "PGI SSA"), dated as of August 30, 2001; all capitalized terms not otherwise defined herein shall have the meaning given to such terms in the PGI SSA; WHEREAS, in connection with entering into the PGI SSA, Cadim and the PGI Parties entered into that certain Support and Standstill Agreement dated as of August 30, 2001 with Prime Group Realty Trust and Prime Group Realty, L.P.; WHEREAS, the parties have amended and restated the PGE SSA to extend the exclusivity period and therefore the parties desire to enter into this Amendment to reflect such changes. NOW, THEREFORE, in consideration of the foregoing, Cadim and the PGI Parties do hereby agree as follows: 1. All references in the PGI SSA to the PGE SSA shall now be references to the Amended and Restated Support and Standstill Agreement dated as of September 14, 2001 rather than the Support and Standstill Agreement dated as of August 30, 2001. 2. The third to last sentence in paragraph 3 of the PGI SSA shall be restated to read: "Cadim shall provide a written notice to the PGI Parties on or before October 12, 2001 if it intends to proceed with the Proposed Transaction." 3. The reference to "Thirty-Day Period (as defined in the PGE SSA)" in paragraph 6 of the PGI SSA shall be changed to "Exclusivity Period (as defined in the PGE SSA)". 4. In all other respects the PGI SSA shall remain in full force and effect, unchanged by this Amendment. The Parties have agreed to the terms and conditions contained in this Amendment on the day and date first written above. THE PRIME GROUP, INC. BY: /s/ MICHAEL W. RESCHKE ITS: PRESIDENT AND CEO PRIMESTONE INVESTMENT PARTNERS L.P. BY: PG/PRIMESTONE, LLC, ITS MANAGING GENERAL PARTNER BY: THE PRIME GROUP, INC., ADMINISTRATIVE MEMBER BY: /s/ MICHAEL W. RESCHKE ITS: PRESIDENT AND CEO PG/PRIMESTONE, L.L.C. BY: THE PRIME GROUP, INC., ADMINISTRATIVE MEMBER BY: /s/MICHAEL W. RESCHKE ITS: PRESIDENT AND CEO PRIME GROUP VI, L.P. BY: PGLP, INC., ITS GENERAL PARTNER BY: /s/ MICHAEL W. RESCHKE ITS: PRESIDENT PRIME GROUP LIMITED PARTNERSHIP BY: /s/ MICHAEL W. RESCHKE ITS: MANAGING GENERAL PARTNER /s/ MICHAEL W. RESCHKE MICHAEL W. RESCHKE CADIM INC. PER: /s/ SYLVIE DROUIN ITS: VICE PRESIDENT - LEGAL AFFAIRS PER: /s/ RICHARD DANSEREAU ITS: VICE PRESIDENT - INVESTMENTS