FIRST AMENDMENT TO AGREEMENT OF SALE
THIS FIRST AMENDMENT TO AGREEMENT OF SALE (this "Amendment"), is entered
into as of the 23rd day of December, 1996, by and between Berwind Property
Group, Inc. ("Purchaser"), and WRGSB Associates ("Seller").
WITNESSETH:
A. Purchaser and Seller have heretofore entered into a certain Agreement
of Sale dated December 11, 1996 ("Agreement") for the purchase and sale of the
property commonly known as the GSB Building, One Belmont Avenue, Bala Cynwyd,
Pennsylvania.
B. Purchaser and Seller now desire to amend the Agreement to extend the
Inspection Period (as that term is defined in the Agreement).
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:
1. The expiration of the Inspection Period (as defined in Paragraph 7.1
of the Agreement) is hereby extended to 5:00 p.m. Chicago time on January 5,
1997.
2. Except as specifically modified herein, the terms and conditions of
the Agreement shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first set forth above.
PURCHASER:
BERWIND PROPERTY GROUP, INC., a Pennsylvania
corporation
By: /s/ Xxx X. Xxxxx
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Name: Xxx X. Xxxxx
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Its: Vice President
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SELLER:
WRGSB ASSOCIATES, an Illinois limited partnership
By: Balcor Equity Partners-I, an Illinois
general partnership, its general partner
By: The Balcor Company, a Delaware
corporation, a partner
By: /s/ Xxxxxx X. Charleston
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Name: Xxxxxx X. Charleston
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Its: Authorized Representative
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