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EXHIBIT 10L
STATE OF TENNESSEE
COUNTY OF SHELBY
MODIFICATION TO MANAGEMENT AGREEMENT
This Modification to management Agreement is made and entered into this
15th day of December, 1999, by and between Xxxxxx Income Properties, II, LTD, a
Texas Limited Partnership ("Owner") and TC Tennessee, 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 and
extended December 30, 1993.
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 One and 00/100 Dollars ($1.00) 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 to expire on December 31, 2000.
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.
IN WITNESS WHEREOF, the parties have executed the foregoing
Modification as of the day and year written above.
Owner: Operator:
Xxxxxx Income Properties, II, LTD TC Tennessee, Inc., a Delaware
corporation
BY: Xxxxxx Realty Investors, IX, Inc.
BY: /s/ Xxxxx Xxxx BY: /s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxx Xxxxx Xxxxxxxx
Title: Executive Vice President Title: Senior Vice-President
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