TERMINATION AGREEMENT
NORTHGLENN PARTNERS, L.P. ("Seller") and EAGLE HARDWARE & GARDEN, INC.
("Buyer"), are parties to that certain Agreement for Purchase and Sale of
Real Property in Northglenn, Colorado, dated September 3, 1996 and September
5, 1996, as amended on November 13, 1996, December 17, 1996 and March 31,
1997 (the "Agreement"). A condition of the Agreement is the timely
acquisition of the Northglenn Mall Developer Tract by the NURA has failed to
complete such acquisition and, accordingly, Buyer and Seller hereby agree
that the Agreement is terminated as of the date hereof, that neither party
shall have any further or continuing obligations, duties or liabilities to the
other, and that Chicago Title of Colorado, Inc. (the "Escrow Agent") shall
return Buyer's $100,000 xxxxxxx money deposit to it immediately, together
with all accrued interest thereon.
Seller also hereby acknowledges that Buyer still has an interest in acquiring
the subject property and is free to do so with any person and upon any such
terms that Buyer is able to negotiate without incurring any liability to
Seller and that Seller shall not make any claim against Buyer for pursuing
acquisition of the property from someone other than Seller.
Dated this 18th day of July, 1997.
EAGLE HARDWARE & GARDEN, INC.
By: /s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx
Its: Vice President
NORTHGLENN PARTNERS, L.P.
By: HRBF NORTHGLENN NO. 3, L.P.,
Its: General Partner
By: /s/ Illegible
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Its: V.P.
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