FIRST AMENDMENT TO AGREEMENT OF SALE
THIS FIRST AMENDMENT TO AGREEMENT OF SALE (this "Amendment"), is entered
into as of the 13 day of December, 1996, by and between LINCOLN PROPERTY
COMPANY N.C., INC., a Texas CORPORATION ("Purchaser"), and LABROC II LIMITED
PARTNERSHIP, an Illinois limited partnership ("Seller").
WITNESSETH:
A. Purchaser and Seller have heretofore entered into a certain Agreement
of Sale dated December 6, 1996 ("Agreement") for the purchase and sale of the
property commonly known as Denver Centerpoint, located in Denver, Colorado.
B. Purchaser and Seller now desire to amend the Agreement as follows:
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:
1. The Purchase Price, as defined in Paragraph 1 of the Agreement, is
hereby changed to $15,000,000.
2. The Inspection Period (as defined in Paragraph 7.1 of the Agreement)
has expired.
3. Except as specifically modified herein, the terms and conditions of
the Agreement shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first set forth above.
PURCHASER:
LINCOLN PROPERTY COMPANY N.C., INC., a Texas
corporation
By: /s/ Xxxxx DiRaimundo/abf
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Name:
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Its: Vice President
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SELLER:
LABROC II LIMITED PARTNERSHIP, an Illinois limited
partnership, its general partner
By: Balcor Equity Partners-II, its general partner
By: The Balcor Company, its general partner
By: /s/ Xxxx X. Xxxxxx, Xx.
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Name: Xxxx X. Xxxxxx, Xx.
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Its: Senior Vice President
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