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Exhibit 10.5
AMENDMENT TO PURCHASE MONEY PROMISSORY NOTE
WHEREAS, SLT Realty Limited Partnership, as Maker, executed
and delivered to The Prudential Insurance Company of America, as Payee, a
certain promissory note, dated as of February 14, 1997, in the principal amount
of $97,500,000.00 (the "Note"), which Note had original maturity date of April
15, 1997 which was extended to May 14, 1997 by Maker's election; and
WHEREAS, the parties now intend to extend the maturity date of
the Note to May 30, 1997;
NOW THEREFORE, Maker and Payee agree as follows:
1. The capitalized terms used herein shall have the same meaning ascribed to
them in the Note.
2. The Maturity Date of the Note is extended to May 30, 1997.
3. All other terms of the Note are unmodified and remain in full force and
effect.
IN WITNESS WHEREOF, Maker and Payee have caused this Amendment
to be executed and delivered on the 26th day of April, 1997.
SLT REALTY LIMITED PARTNERSHIP, a Delaware
limited partnership
By: STARWOOD LODGING TRUST, a Maryland real
estate investment trust, its general
partner
By: /s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx, Senior Vice President and
Chief Financial Officer
THE PRUDENTAL INSURANCE COMPANY OF AMERICA
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx, Vice President
