October 23, 1996
Via Facsimile (000) 000-0000 Via Facsimile (000) 000-0000
Xxxxxxxxx II Limited Partnership Xxxxxx Xxxxxx & Xxxxx
c/o The Balcor Company 000 Xxxx Xxxxxx Xxxxxx
0000 Xxxxxxxx Xxxx Xxxxx 0000
Xxxxx X-000 Xxxxxxx, Xxxxxxxx 00000-0000
Bannockburn, Illinois 60015 Attention: Xxxxxx X. Xxxxxxx
Via Facsimile (000) 000-0000
The Balcor Company
Bannockburn Lake Office Plaza
0000 Xxxxxxxx Xxxx
Xxxxx X-000
Xxxxxxxxxxx, Xxxxxxxx 00000
Attention: Xxxx Xxxxxxxxx
Re: Agreements of Sale dated August 27, 1996, by and between Alliance
Holdings, L.L.C. and Xxxxxxxxx I Limited Partnership and Xxxxxxxxx II Limited
Partnership for Sand Ridge Apartments and Sand Ridge II Apartments, Pasadena,
Texas ("Agreement")
Notice is hereby tendered that Purchaser has elected to extend the Closing
Dates under the above-referenced Agreements to December 30, 1996, in accordance
with the terms of Section 8 of the Agreement (as modified by that certain
Second Modification Agreement dated October 2, 1996).
The One Hundred Fifty Thousand Dollar ($150,000.00) payment required by he
Second Modification Agreement will be wired to the Escrow Agent on or before
October 25, 1996.
Alliance Holdings, L.L.C.
By: /s/Xxxxx X'Xxxxx
-----------------------------------
By: Its: Attorney in Fact
