August 15, 1996
VIA FACSIMILE MAIL
Song I Limited The Balcor Company Xxxxxx X. Small
Partnership 0000 Xxxxxxxx Xxxx Xxxxxx Xxxxxx & Zavis
x/x Xxx Xxxxxx Xxxxxxx Xxxxx X000 Xxxxx 0000
0000 Xxxxxxxx Xxxx Xxxxxxxxxxx, XX 00000 000 X. Xxxxxx Xxxxxx
Xxxxx X000 Attn: Xx Xxxxxxxxx Xxxxxxx, XX 00000
Xxxxxxxxxxx, XX 00000
Attn: Xxxxx Xxxxx
Re: Agreement of Sale, dated as of the 19th day of July, 1996 (the
"Agreement") between Song I Limited Partnership, as Seller, and ERP
Operating Limited Partnership, as Purchaser, for the purchase of
Songbird Apartments, San Antonio, Texas (the "Property").
Dear Xx. Xxxxx and Messrs. Xxxxxxxxx and Small:
Purchaser hereby requests an extension of the Approval Period, as such
term is defined in Section 17(A) of the Agreement, from August 19, 1996 until
5:00 p.m. CDT on August 26, 1996. Please acknowledge Seller's acceptance of
this modification to the Agreement by executing this letter in the space
provided below and returning it via facsimile mail to Purchaser.
ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Equity Residential Properties Trust,
a Maryland Real Estate Investment Trust,
its general partner
By: /s/ Xxxxx X. Xxxxxx
--------------------------------
Xxxxx X. Xxxxxx
Assistant Vice President
Approved and Accepted this day of August, 1996
SONG I LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Song I of Illinois, Inc., an Illinois corporation,
its general partner
By: /s/ Xxxxx X. Xxxxxxxxx
------------------------------------
Name: Xxxxx X. Xxxxxxxxx
------------------------------------
Title: Authorized Representative
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August 20, 1996
VIA FACSIMILE MAIL
Song I Limited Partnership The Balcor Company Xxxxxx X. Xxxxxxx, Esq.
c/o The Balcor Company 0000 Xxxxxxxx Xxxx Xxxxxx Xxxxxx & Xxxxx
0000 Xxxxxxxx Xxxx Xxxxx X000 Xxxxx 0000
Xxxxx X000 Xxxxxxxxxxx, XX 00000 000 X. Xxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Attn: Xx Xxxxxxxxx Xxxxxxx, XX 00000
Attn: Xxxxx Xxxxx
Re: Agreement of Sale, dated as of the 19th day of July, 1996 (the
"Agreement") between Song I Limited Partnership, as Seller, and ERP
Operating Limited Partnership, as Purchaser, for the purchase of
Songbird Apartments, San Antonio, Texas (the "Property").
Dear Xx. Xxxxx and Messrs. Xxxxxxxxx and Xxxxxxx:
Purchaser hereby requests that the Closing Date, as such term is defined
in Section 9 of the Agreement, be changed from August 30, 1996 to September 19,
1996. Please acknowledge Seller's acceptance of this modification to the
Agreement by executing this letter in the space provided below and returning it
via facsimile mail to Purchaser.
Furthermore, this letter shall serve as the Extension Notice as such term
is defined in the letter agreement dated July 19, 1956, between Seller and
Purchaser.
ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Equity Residential Properties Trust,
a Maryland Real Estate Investment Trust,
its general partner
By: /s/ Xxxxxxx X. Xxxxx
---------------------------------
Xxxxxxx X. Xxxxx
Vice President
Approved and Accepted this day of August, 1996
SONG I LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Song I of Illinois, Inc., an Illinois corporation,
its general partner
By: /s/ Xxxxx X. Xxxx
---------------------------------------
Name: Xxxxx X. Xxxx
---------------------------------------
Title: Vice President and Secretary
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August 26, 1996
VIA FACSIMILE MAIL
Song I Limited Partnership The Balcor Company Xxxxxx X. Xxxxxxx, Esq.
c/o The Balcor Company 0000 Xxxxxxxx Xxxx Xxxxxx Xxxxxx & Xxxxx
0000 Xxxxxxxx Xxxx Xxxxx X000 Xxxxx 0000
Xxxxx X000 Xxxxxxxxxxx, XX 00000 000 X. Xxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Attn: Xx Xxxxxxxxx Xxxxxxx, XX 00000
Attn: Xxxxx Xxxxx
Re: Agreement of Sale, dated as of the 19th day of July, 1996 (the
"Agreement") between Song I Limited Partnership, as Seller, and ERP
Operating Limited Partnership, as Purchaser, for the purchase of
Songbird Apartments, San Antonio, Texas (the "Property").
Dear Xx. Xxxxx and Messrs. Xxxxxxxxx and Xxxxxxx:
Purchaser hereby requests that the Agreement be modified to change "Eleven
Million and No/100 Dollars ($11,000,000.00)" to "Ten Million Seven Hundred
Thousand and No/100 Dollars ($10,700,000.00)" in the second line of Section 1
thereof. Please acknowledge Seller's acceptance of this modification to the
Agreement by executing this letter in the space provided below and returning it
via facsimile mail to Purchaser.
ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Equity Residential Properties Trust,
a Maryland Real Estate Investment Trust,
its general partner
By: /s/ Xxxxxxx X. Xxxxx
---------------------------------
Xxxxxxx X. Xxxxx
Vice President
Approved and Accepted this day of August, 1996
SONG I LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Song I of Illinois, Inc., an Illinois corporation,
its general partner
By: /s/ Xxxxx X. Xxxx
------------------------------------
Name: Xxxxx X. Xxxx
------------------------------------
Title: Vice President and Secretary
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