LEHIGH TAX CREDIT PARTNERS III L.L.C.
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
November 13, 1998
OFFER TO PURCHASE EXTENDED TO FRIDAY, DECEMBER 11, 1998
AT
$750 PER BAC
To BACs holders in Independence Tax Credit Plus X.X. XX:
Lehigh Tax Credit Partners III L.L.C., a Delaware limited liability
company (the "Purchaser"), has extended its offer to purchase up to 11,461 of
the outstanding Beneficial Assignment Certificates ("BACs") representing
assignments of limited partnership interests of Independence Tax Credit Plus
X.X. XX (the "Partnership") for a cash purchase price of $750 per BAC, net to
the seller in cash, upon the terms and subject to the conditions in the Offer
to Purchase, dated October 14, 1998, and the related Letter of Transmittal
(which together constitute the "Offer"). UNLESS EXTENDED BY THE PURCHASER, THE
OFFER WILL EXPIRE AT MIDNIGHT, NEW YORK CITY TIME, ON DECEMBER 11, 1998. Except
as described herein, all other terms and conditions of the Offer remain
unchanged.
If you have already tendered your BACs pursuant to the Offer, we
appreciate your participation and no further action is required.
If you have not already tendered and wish to do so now, please
complete the enclosed Letter of Transmittal and forward it to the Purchaser in
the business reply envelope provided.
This letter shall be deemed to amend the Offer to Purchase. Should
you have any questions, please contact Xxxxxxx Xxxxxx at 0-000-000-0000 (ext.
2040).
LEHIGH TAX CREDIT PARTNERS III L.L.C.
