[Maxus Properties Letterhead]
Via Fax 000-000-0000
and Regular Mail
May 19, 2000
Xx. Xxxxxxx X. Xxxxxxx
SCHAFERICHARDSON, Inc.
530 Ford Centre
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
RE: Cobblestone Court Sale Agreement
Dear Xxxx:
The purpose of this letter is to set forth a third amendment to the Cobblestone
Court Shopping Center Sale Agreement dated January 28, 2000 (the "Agreement"),
between Xxxxxx Real Property Investors - Four, L.P. (now known as Maxus Real
Property Investors Four, L.P. - "Seller") and Cobblestone Properties, LLC
(successor by assignment from Xxxxxxxxxx Properties, Inc. - "Buyer").
Buyer and Seller agree as follows:
1. Paragraph 7 of the Agreement provides that all income and expenses
relative to the operation of the property be prorated at closing and "if any
required prorations cannot be calculated accurately on the date of Closing, then
the same shall be estimated, based upon prior known amounts; all such proration
obligations to be final, binding, and conclusive as of the Closing.
2. To facilitate the timely closing of the sale, buyer and seller agree
that all income and expenses will be prorated as set forth in the Agreement with
the final proration calculations to be completed, documented and settled on or
before June 30, 2000.
All other terms and conditions of the Agreement remain in full force and affect.
0000 Xxxx, Xxxxx 0000 Xxxxxx Xxxx, XX 00000
000-000-0000 X.X. Xxx 00000 Xxxxxx Xxxx, XX 00000 FAX 000-000-0000
May 19, 2000
Xxxxxxx X. Xxxxxxx
Page 2
If the terms and conditions of this amendment are acceptable, acknowledge as
such by signing below and returning to me.
Sincerely,
/s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
President
AGREED BY
Maxus Real Property Investors-Four, X.X. Xxxxxxxxxx Properties, Inc.
/s/ Xxxxxx X. Xxxxxx /s/ Xxxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxx Xxxxxxx X. Xxxxxxx
President of Maxus Capital Corp, SCHAFERICHARDSON, INC.
General Partner Managing Agent for Xxxxxxxxxx
Properties, Inc.
