FIRST AMENDMENT TO AGREEMENT OF PURCHASE AND SALE
FIRST AMENDMENT
TO
AGREEMENT OF PURCHASE AND SALE
This FIRST AMENDMENT
TO AGREEMENT OF
PURCHASE AND SALE (this “Amendment”) is executed this 17th day of December,
2007,
by and between LOUDOUN LAND VENTURE LLC, a Delaware limited liability company
(“Seller”), and NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION, a
District of Columbia cooperative association (“Purchaser”).
RECITALS:
X-x Purchaser and
Seller have entered
into an Agreement of Purchase and Sale dated November 28, 2007 (the “Contract”),
pursuant to which Seller agreed to sell to Purchaser and Purchaser agreed
to
purchase from Seller that certain parcel of real property located in Loudoun
County, Commonwealth of Virginia, consisting of approximately 27.6177 acres
of
land, as more particularly described in such Contract (the “Property”);
R-2 The Feasibility
Study Period under
the Contract expires on December 17, 2007 at 5:00 PM EST;
R-3 It is the intent
of Seller and
Purchaser to amend the Contract to extend the Feasibility Study Period until
December 21, 2007 at 5:00 PM EST.
WITNESSTH:
NOW, THEREFORE,
in consideration of Ten
Dollars ($10.00) in hand paid, the mutual covenants and responsibilities
reflected herein, the premises herein contained and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the
undersigned parties hereby agree as follows:
1. Terminology.
All
capitalized terms not otherwise defined herein shall have the meanings given
them in the Contract
2. Incorporation
of
Recitals. The recitals set forth above are incorporated herein as if set
forth at length.
3. Amendments.
Section 12 of the Contract
is
hereby amended to extend the Feasibility Study Period until December 21,
2007 at 5:00 PM EST.
4. Full
Force and
Effect. Except as modified herein, all of the provisions of the Contract
shall remain in full force and effect as originally written.
5. Counterpart
Execution. This Amendment may be executed in multiple counterparts, all
of which when taken together shall constitute one original.
IN WITNESS WHEREOF,
the parties hereto
have executed or have caused to be executed under seal this Amendment as
of the
day and year first above written,
SELLER:
LOUDOUN LAND VENTURE LLC, a Delaware limited liability company
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By: | Cornerstone Real Estate Advisers LLC, | |||
its manager | ||||
By: | /s/ Xxxxx X. Xxxxx | |||
Name: | Xxxxx X. Xxxxx | |||
Title: | Vice President |
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PURCHASER:
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION, a
District of Columbia cooperative association
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By: | /s/ Xxxx X. Xxxxx | |||
Name: | Xxxx X. Xxxxx | |||
Title: | Senior Vice President | |||
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