September 18, 1996
Via Facsimile and Regular Mail
The Balcor Company
Xx. Xxxxxxx Xxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and
between Xxxxxxxxx Investors, an Illinois limited partnership
("Seller") and Xxxxxxx/Blessing, Inc. a Colorado corporation or
qualified assigns ("Purchaser")
Dear Xxxxxxx:
This letter memorializes my conversation with Xxxx Xxxxxx and Xxx Xxxxxxx
whereby you, on behalf of Seller, have agreed to extend the "Approval Date" as
defined in the Agreement and the "Disapproval Date" as defined in the Escrow
Agreement dated August 26, 1996 ("Escrow Agreement") to September 20, 1996.
Accordingly, the terms "Approval Date" as used in the Agreement and
"Disapproval Date" as used in the Escrow Agreement are hereby amended to mean
"September 20, 1996, 5:00 Central Time."
This letter shall amend the Agreement and Escrow Agreement, and except as
otherwise set forth herein, the parties ratify and reaffirm the terms and
provisions of the Agreement and Escrow Agreement.
Please execute below where appropriate and return a copy to my attention
via facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX &
XXXXXXXX, LLC
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosures
cc: Xxx Xxxxxxx
Xxxx Xxxxxx
Xxxx Xxxxxx, Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges
the terms and content of this letter.
DATE: 9/18/96 /s/ Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
Authorized Representative for General
Partner of Xxxxxxxxx Investors
September 20, 1996
Via Facsimile and Regular Mail
The Balcor Company
Xx. Xxxxxxx Xxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and
between Xxxxxxxxx Investors, an Illinois limited partnership
("Seller") and Xxxxxxx/Blessing, Inc. a Colorado corporation or
qualified assigns ("Purchaser")
Dear Xxxxxxx:
This letter memorializes my conversation with Xxxx Xxxxxx and Xxx Xxxxxxx
whereby you, on behalf of Seller, have agreed to extend the "Approval Date" as
defined in the Agreement and the "Disapproval Date" as defined in the Escrow
Agreement dated August 26, 1996 ("Escrow Agreement") to September 30, 1996.
Accordingly, the terms "Approval Date" as used in the Agreement and
"Disapproval Date" as used in the Escrow Agreement are hereby amended to mean
"September 30, 1996, 5:00 Central Time."
This letter shall amend the Agreement and Escrow Agreement, and except as
otherwise set forth herein, the parties ratify and reaffirm the terms and
provisions of the Agreement and Escrow Agreement.
Please execute below where appropriate and return a copy to my attention
via facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX &
XXXXXXXX, LLC
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosures
cc: Xxx Xxxxxxx
Xxxx Xxxxxx
Xxxx Xxxxxx, Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges
the terms and content of this letter.
DATE: 9/20/96 /s/ Xxxxx X. Xxxx
Xxxxx X. Xxxx
Vice President and Secretary
September 30, 1996
Via Facsimile and Regular Mail
The Balcor Company
Xx. Xxxxxxx Xxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and
between Xxxxxxxxx Investors, an Illinois limited partnership
("Seller") and Xxxxxxx/Blessing, Inc. a Colorado corporation or
qualified assigns ("Purchaser")
Dear Xxxxxxx:
This letter memorializes my conversation with Xxxx Xxxxxx and Xxx Xxxxxxx
whereby you, on behalf of Seller, have agreed to extend the "Approval Date" as
defined in the Agreement and the "Disapproval Date" as defined in the Escrow
Agreement dated August 26, 1996 ("Escrow Agreement") to October 9, 1996.
Accordingly, the terms "Approval Date" as used in the Agreement and
"Disapproval Date" as used in the Escrow Agreement are hereby amended to mean
"October 9, 1996, 5:00 Central Time."
This letter shall amend the Agreement and Escrow Agreement, and except as
otherwise set forth herein, the parties ratify and reaffirm the terms and
provisions of the Agreement and Escrow Agreement.
Please execute below where appropriate and return a copy to my attention
via facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX &
XXXXXXXX, LLC
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosures
cc: Xxx Xxxxxxx
Xxxx Xxxxxx
Xxxx Xxxxxx, Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges
the terms and content of this letter.
DATE: 9/30/96 /s/ Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
Authorized Agent
October 9, 1996
Via Facsimile and Regular Mail
The Balcor Company
Xx. Xxxxxxx Xxxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and
between Xxxxxxxxx Investors, an Illinois limited partnership
("Seller") and Xxxxxxx/Blessing, Inc. a Colorado corporation or
qualified assigns ("Purchaser").
Dear Xxxxxxx:
This letter memorializes my conversation this morning with Xxx X. Xxxxxxx
whereby you, on behalf of Seller, have agreed to extend the "Approval Date" as
defined in the Agreement and the "Disapproval Date" as defined in the Escrow
Agreement dated August 26, 1996 ("Escrow Agreement") for 7 business days to
October 18, 1996. In addition, we understand the Seller and Buyer have agreed
to a reduction in the "Purchase Price" as that term is used in the Agreement
and Escrow Agrement from $24,500,000.00 to $23,300,000.00.
Accordingly, the terms "Aproval Date" as used in the Agreement and "Disapproval
Date" as used in the Escrow Agremeent are hereby amended to mean "October 18,
1996, 5:00 Center Time". The term "Purhcase Price" as used in the Agreement
and Escrow Agreement is hereby amended to mean "$23,300,000.00".
This letter shall amend the Agreement and Escrow Agreement, and except as
otherwise set forth herein, the parties ratify and reaffirm the terms and
provisions of the Agreement and Escrow Agreement. Finally, absent your
objections, we suggest Mort prepare formal amendment to the Agreement and
Escrow Agreement reflecting the above reduction in the Purchase Price.
Please execute below where appropriate and return a copy to my attention via
facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX &
XXXXXXXX, LLC
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosures
cc: Xxx Xxxxxxx
Xxxx Xxxxxx
Xxxx Xxxxxx, Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges the
terms and content of this letter.
DATE: 10/9/96 /s/ Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
Authorized Representative
