September 17, 2001
Pacific Retail, L.P.
0000 XXX Xxxxxxx
Xxxxx 000
Xxxxxx, XX 00000
RE: AMENDMENT TO PURCHASE AGREEMENT
Dear Gentlemen:
With reference to that certain Agreement for Purchase and Sale dated
August 29, 2001 ("Purchase Agreement") by and between Xxxxxxx Pacific
Properties, Inc. ("BPP") and Pacific Retail, L.P., this letter shall confirm our
agreement regarding the extension of time for BPP to conclude its negotiation of
the Redemption and Distribution Agreement relating to the Xxxxxx Properties (as
such terms are defined in the Purchase Agreement).
Section 2.7(b) of the Purchase Agreement is hereby amended to delete
the two references to "September 15, 2001" in the fourth and sixth lines of that
section and to insert "September 22, 2001" in place thereof in both instances.
Please countersign this letter to confirm your agreement with the terms of this
amendment to the Purchase Agreement
Very truly yours,
XXXXXXX PACIFIC PROPERTIES, INC.,
a Maryland corporation
By: /s/ Xxxxx X. Xxxxxx
---------------------------------
Xxxxx X. Xxxxxx
Its: President and CEO
Pacific Retail, L.P.
September 17, 2001
Page 2
Agreed to and Accepted:
PACIFIC RETAIL, L.P.,
a Delaware limited partnership
By: POB Pacific Retail Partner, Inc.,
a Delaware corporation
a General Partner
By:
--------------------------------
Name:
-----------------------------
Title:
--------------------------
By: AP-GP POB IV LLC,
a Delaware limited liability company
a General Partner
By: Kronus Property IV, Inc.,
a Delaware corporation
By:
--------------------------------
Name:
-----------------------------
Title:
-----------------------------
