ACKNOWLEDGEMENT OF EXTENDED CLOSING DATE
ACKNOWLEDGEMENT OF EXTENDED CLOSING DATE
This Acknowledgement of Extended Closing Date (“Acknowledgment”) is entered into this day of January, 2006 by and between XXXXX REALTY INVESTMENTS, INC., a
California corporation (“Buyer”) and XXXXX-UNIVERSITY HEIGHTS, LP (“Seller”).
In connection with that certain Agreement For Purchase and Sale of Real Property And Escrow
Instructions entered into between Seller and Buyer effectively dated November 8, 2005, as amended
by Amendment No. 1 effectively dated December 14, 2005 and Amendment No. 2 effectively dated
December 15, 2005 (collectively the “Agreement”), the parties hereby acknowledge that the Close of
Escrow as set forth in Section 6.2.1 of the Agreement will be extended to February 21, 2006;
provided that Buyer deposit with the Escrow Agent, as defined in the Agreement, on or before
January 19, 2006, the amount of $25,000.00 as additional xxxxxxx money in accordance with said
Section 6.2.1 of the Agreement.
Buyer and Seller have executed this Acknowledgement as of the dates below, to be effective
January 13, 2006.
SELLER:
XXXXX— University Heights, LP,
a Texas limited partnership
By: XXXXX-University Heights GP, LLC, a Texas
limited liability company,
Its: General Partner
By: Triple Net Properties, LLC,
a Virginia limited liability company,
Its: Manager
By: /s/ Xxxx Xxxxxx
Name: Xxxx Xxxxxx
Title: EVP/MANAGER
Executed by Seller this 17th day of January, 2006.
BUYER:
XXXXX REALTY INVESTMENTS, INC., a
California corporation
By: /s/ Xxxxxxx X. Xxxxx
| Name: XXXXXXX X. XXXXX |
Its: PRESIDENT
Executed by Buyer this 13th day of January, 2006.
