Exhibit (d)(3)
AMENDMENT TO THE
MARGIN STOCK PLEDGE AGREEMENT
This Amendment to the Margin Stock Pledge Agreement dated March 1, 2000 by and
among Xxxxx X. Xxxx ("Pledgor") and Xxxxx Agent, L.P. ("Lender") is made this
1st day of March, 2000 ("Amendment").
It is hereby agreed that for purposes of Paragraph 2. Margin Covenants of the
above referenced agreement the definition of "Market Value" of the Vinings REIT
Pledged Stock shall be deemed to be $4.00 per common share. Provided however, in
the case of a stock split or reverse stock split the Market Value shall be
adjusted accordingly.
IN WITNESS WHEREOF, the parties hereto have executed and sealed this Amendment
the day and year first written above.
/s/ Xxxxxxxxx X. Xxxx /s/ Xxxxx X. Xxxx
_______________________________ _____________________________(SEAL)
WITNESS XXXXX X. XXXX
XXXXX AGENT, L.P.
By: Xxxxx Enterprises, Inc., General Partner
/s/ Xxxxxx X. Xxxxxxxx /s/ Xxxxxxx X. Xxxxx, Xx.
______________________________ By: _______________________________
WITNESS Xxxxxxx X. Xxxxx, Xx., President
