EXHIBIT 10.43
FIRST AMENDMENT TO PURCHASE CONTRACT
This FIRST AMENDMENT TO PURCHASE CONTRACT, made and entered into as of
the ____ day of May, 1999, by and between EASTGATE TECHNOLOGY PARTNERS, L.P., a
California limited partnership, having a principal address at 000 X. Xxxxxxx
Xxxxxx, Xx Xxxxx, XX 00000 ("Purchaser"), and CONSOLIDATED CAPITAL INSTITUTIONAL
PROPERTIES/3, a California limited partnership, having a principal address at
c/o AIMCO, 0000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, XX 00000 ("Seller").
WITNESSETH:
WHEREAS, Purchaser and Seller entered into a certain Purchase and Sale
Contract dated April 30, 1999, providing for the sale of a certain parcel of
real estate therein described located in the County of San Diego, State of
California (the "Purchase Contract"); and
WHEREAS, Purchaser and Seller now wish to amend the Purchase Contract
as provided in this First Amendment thereto.
NOW THEREFORE, for and in consideration of the foregoing and the
mutual covenants hereof, the parties hereto hereby stipulate, covenant and agree
as follows:
1. The term of the Feasibility Period set forth in Section 5.1 of the Purchase
Contract shall be extended until June 7, 1999.
2. Except as hereby amended, the Purchase Contract shall remain in full force
and effect, and is hereby ratified and confirmed.
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IN WITNESS WHEREOF, the undersigned have executed this First Amendment
to Purchase Contract as of the day and year first written above.
Seller: CONSOLIDATED CAPITAL INSTITUTIONAL
PROPERTIES/3, a California limited partnership
By:
Printed:
Title:
Purchaser: EASTGATE TECHNOLOGY PARTNERS L.P., a
California limited partnership
By: HAMANN CONSOLIDATED, INC.,
a California corporation,
General Partner
By: [SEAL]
Printed:
Title:
