March 22, 1999
CJI Plaza Company I LLC
CJI Plaza Company II LLC
CJI Plaza Company III LLC
FJI Plaza Company LLC
00 Xxxx 000 Xxxxx
Xxxxxxx Xxxx, Xxxx 00000
Ladies and Gentlemen:
This letter sets forth the agreement of each of the undersigned to
extend (the "Extension") the latest date on which the Closing Date (as defined
in each of the Purchase Agreements described on the attached SCHEDULE I (the
"Purchase Agreements")) may occur until March 31, 1999. Please sign this letter
as set forth below to evidence your agreement to such Extension.
FFCA/PIP 1986 PROPERTY COMPANY, a Delaware
general partnership
By Participating Income Properties 1986, L.P.,
a Delaware limited partnership, general
partner
By FFCA Management Company Limited Partnership,
a Delaware limited partnership, general
partner
By Perimeter Center Management Company, a
Delaware corporation, general partner
By /s/ Xxxxxx X. Xxxxx
--------------------------------------------
Xxxxxx X. Xxxxx
Executive Vice President and
General Counsel
PARTICIPATING INCOME PROPERTIES II,
LIMITED PARTNERSHIP, a Delaware limited
partnership
By Franchise Finance Corporation of America
II, a Delaware corporation, managing
general partner
By /s/ Xxxxxx X. Xxxxx
-----------------------------------------
Xxxxxx X. Xxxxx
Executive Vice President and
General Counsel
PARTICIPATING INCOME PROPERTIES III,
LIMITED PARTNERSHIP, a Delaware limited
partnership
By FFCA Participating Management Company
Limited Partnership, a Delaware limited
partnership, managing general partner
By Franchise Finance Corporation of America
III, a Delaware corporation, managing
general partner
By /s/ Xxxxxx X. Xxxxx
-----------------------------------------
Xxxxxx X. Xxxxx
Executive Vice President and
General Counsel
Agreed to and accepted this 22nd day of March, 1999:
CFJ PLAZA COMPANY I LLC, a Delaware limited
liability company
By CFJ I Management Inc., a Delaware
corporation, its managing member
By /s/ X Xxxxxxx Xxxxx
-----------------------------------------
J Xxxxxxx Xxxxx
President
CFJ PLAZA COMPANY II LLC, a Delaware limited
liability company
By CFJ II Management Inc., a Delaware
corporation, its managing member
By /s/ X Xxxxxxx Xxxxx
-----------------------------------------
J Xxxxxxx Xxxxx
President
CFJ PLAZA COMPANY III LLC, a Delaware
limited liability company
By CFJ III Management Inc., a Delaware
corporation, its managing member
By /s/ X Xxxxxxx Xxxxx
-----------------------------------------
J Xxxxxxx Xxxxx
President
FJI PLAZA COMPANY LLC, a Delaware limited
liability company
By FJI Management Inc., a Delaware
corporation, its managing member
By /s/ X Xxxxxxx Xxxxx
-----------------------------------------
J Xxxxxxx Xxxxx
President
SCHEDULE I
DESCRIPTION OF PURCHASE AGREEMENTS
Purchase Agreement dated as of the date of this Agreement between Participating
Income Properties II, L.P. and CFJ Plaza Company I LLC (FFCA Nos. 5001-0003,
0005, 0008, 0009, 0016 and 0017).
Purchase Agreement dated as of the date of this Agreement between FFCA/PIP 1986
Property Company and CFJ Plaza Company I LLC (FFCA No. 5000-0016 and 0022).
Purchase Agreement dated as of the date of this Agreement between FFCA/PIP 1986
Property Company and CFJ Plaza Company II LLC (FFCA No. 5000-0009 and 0024).
Purchase Agreement dated as of the date of this Agreement between Participating
Income Properties II, L.P. and CFJ Plaza Company II LLC (FFCA No. 5001-0004,
0006, 0007 and 0018).
Purchase Agreement dated as of the date of this Agreement between Participating
Income Properties II, L.P. and CFJ Plaza Company III LLC (FFCA No. 5001-0010,
0011 and 0012).
Purchase Agreement dated as of the date of this Agreement between FFCA/PIP 1986
Property Company and CFJ Plaza Company III LLC (FFCA No. 5000-0002, 0003 and
0023).
Purchase Agreement dated as of the date of this Agreement between FFCA/PIP 1986
Property Company and FJI Plaza Company LLC (FFCA No. 5000-0005).
Purchase Agreement dated as of the date of this Agreement between FFCA/PIP 1986
Property Company and Flying J Real Estate Enterprises Inc. (FFCA No. 5000-0010
and 0012).
Purchase Agreement dated as of the date of this Agreement between Participating
Income Properties III Limited Partnership and FJI Plaza Company LLC (FFCA No.
5002-0003).
Purchase Agreement dated as of the date of this Agreement between Participating
Income Properties III Limited Partnership and CFJ Plaza Company I LLC (FFCA No.
5002-0001 and 0002).
