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EXHIBIT 10i
STATE OF TENNESSEE
COUNTY OF SHELBY
MODIFICATION TO MANAGEMENT AGREEMENT
This Modification to Management Agreement is made and entered into this
25th day of February, 1998, by and between Xxxxxx Income Properties, II, LTD, a
Texas limited Partnership ("Owner") and Xxxxxxxx Xxxx SE, Inc., a Delaware
corporation ("Operator").
WITNESSETH:
Whereas, Owner and Operator entered into that certain Management
Agreement for the Managing and operating of certain improved real property,
("Project") commonly known as Germantown Collection, dated August 8, 1990.
Whereas, the Owner and Operator desire to modify and amend the
Management Agreement;
Now, therefore, for and in consideration of the Modification to
Management Agreement, the sum of Ten and 00/100 Dollars ($10.00) in hand paid by
Owner to Operator, the mutual agreements herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto do agree as follows:
1 Owner and Operator acknowledge and agree the Management
Agreement shall be extended for a period of twelve (12)
months, such extension shall commence on January 1, 1998 and
expire on December 31. 1998.
2. All other terms and conditions of the Management Agreement not
specifically amended by this Modification to Management
Agreement, are hereby deemed to remain in full force and
effect.
3. "Permitted Assignment. Notwithstanding any other provision of
this Management Agreement, Operator shall be permitted to
assign all of its right, title and interest in and to this
Management Agreement to any other entity that is directly or
indirectly wholly-owned by Xxxxxxxx Xxxx Company, a Delaware
corporation ("TCC"). Such permitted assignment shall include
any assignment that may be deemed to occur by operation of law
in connection with any merger or consolidation of TCC entity
with and/or into any other entity directly or indirectly
wholly-owned by TCC (an "Intragroup Merger"). Any such
Intragroup Merger"). Any such Intragroup Merger shall not be
deemed a breach of, cause a default under or trigger any right
of termination under, any other provision of this Agreement."
IN WITNESS WHEREOF, the parties have executed the foregoing
Modification as of the day and year written above.
OWNER: OPERATOR:
Xxxxxx Income Xxxxxxxx Xxxx SE, Inc.
Properties, II, LTD.
By: Xxxxxx Realty Investors IX, Inc.
By: Xxxxx Xxxx By: Xxxx Xxxxxxx
Title: Executive Vice President Title: Sr. Vice President