Berkshire Income Realty, Inc. One Beacon Street, Suite 1500 Boston, Massachusetts 02108 March 5, 2003
Exhibit 10.5
Berkshire Income Realty, Inc.
Xxx Xxxxxx Xxxxxx, Xxxxx 0000
Xxxxxx, Xxxxxxxxxxxxx 00000
Xxxxx 0, 0000
Xxxxx Government Income Trust
Xxxxx Government Income Trust II
Xxx Xxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Gentlemen:
Reference is made to the Waiver and Standstill Agreement, dated as of August 22, 2002, by and among Xxxxx Government Income Trust (“GIT”), Xxxxx Government Income Trust II (“GIT II” and, collectively with GIT, the “Trusts”), Berkshire Income Realty, Inc. and Berkshire Income Realty-OP, L.P. (the “Waiver Agreement”).
This is to confirm our agreement that, notwithstanding the first sentence of Section 2.3 of the Waiver Agreement, the expiration date of the exemption granted by the Trusts in Section 2.1 of the Waiver Agreement is hereby extended from March 31, 2003 to June 30, 2003. Except for the foregoing, all of the terms and conditions of the Waiver Agreement remain in full force and effect.
Kindly confirm the foregoing by signing below.
BERKSHIRE INCOME REALTY, INC. |
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By: |
/s/ Xxxxx X. Xxxxx |
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Name: Xxxxx X. Xxxxx |
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Title: President |
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BERKSHIRE INCOME REALTY-OP, L.P. |
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by: |
Berkshire Income Realty, Inc., its General Partner |
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By: |
/s/ Xxxxx X. Xxxxx |
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Name: Xxxxx X. Xxxxx |
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Title: President |
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Acknowledged and agreed as of the date first above written: |
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XXXXX GOVERNMENT INCOME TRUST |
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By: |
/s/ Xxxxxxx Xxxxx |
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Name: Xxxxxxx Xxxxx |
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Title: Chairman |
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XXXXX GOVERNMENT INCOME TRUST II |
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By: |
/s/ Xxxxxxx Xxxxx |
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Name: Xxxxxxx Xxxxx |
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Title: Chairman |
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