FIFTH AMENDMENT TO PURCHASE AND SALE AGREEMENT
FIFTH AMENDMENT made and entered into this 25th day of March 1997,
by and between ▇▇▇▇ ▇▇▇▇▇▇▇ MUTUAL LIFE INSURANCE COMPANY ("Seller") and
ARDEN REALTY LIMITED PARTNERSHIP ("Buyer");
WITNESSETH THAT:
WHEREAS, Seller and Buyer executed a Purchase and Sale Agreement
dated January 10, 1997, as amended by the First Amendment to Purchase
and Sale Agreement dated January 31, 1997, as further amended by the
Second Amendment to Purchase and Sale Agreement dated February 14, 1997,
as further amended by the Third Amendment to Purchase and Sale Agreement
dated February 18, 1997, as further amended by Fourth Amendment to the
Purchase and Sale Agreement dated March 7, 1997 (the "Agreement"),
pursuant to which Buyer has agreed to purchase the premises known as
▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ (the "Premises"),
as more fully described in the Agreement; and
WHEREAS, Buyer and Seller wish to amend the terms of the
Agreement;
NOW, THEREFORE, in consideration of mutual covenants hereinafter
set forth, the Agreement is amended as follows:
1. Inspections and Approvals. Section 4 of the Agreement is hereby
further amended to revise the dates set forth in Paragraph 1 of the
Fourth Amendment to Purchase and Sale Agreement. The references to
March 25, 1997 are hereby deleted, and April 2, 1997 substituted in its
place. The reference to April 1, 1997 is hereby deleted, and April 4,
1997 substituted in its place.
2. Miscellaneous. Except as hereby amended, Buyer and Seller hereby
ratify, confirm and adopt the Agreement as amended by this Fifth
Amendment. Time remains of the essence.
IN WITNESS WHEREOF, the parties hereto have caused these presents
to be executed as of the day and year first above written.
SELLER:
▇▇▇▇ ▇▇▇▇▇▇▇ MUTUAL LIFE ARDEN REALTY LIMITED PARTNERSHIP,
INSURANCE COMPANY a Maryland limited partnership
By: ARDEN REALTY GROUP, INC.,
By: /s/ ▇.▇. ▇▇▇▇▇▇▇▇ a Maryland corporation,
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Its sole general partner
Title: Investment Officer
By: /s/▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Chief Executive Officer
