FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
FIRST AMENDMENT made and entered into this 31st day of
January 1997, by and between XXXX XXXXXXX 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 (the "Agreement"), pursuant to
which Buyer has agreed to purchase the premises known as 00000
Xxxxx Xxxxxx Xxxxxxxxx, Xxx Xxxxxxx, Xxxxxxxxxx (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. Extension of Date of Closing. Section 3 of the
Agreement is hereby amended to change the Date of
Closing to February 28, 1997.
2. Inspections and Approvals. Section 4 of the Agreement
is hereby amended to extend the Review Period until
February 14, 1997.
3. Miscellaneous. Except as hereby amended, Buyer and
Seller hereby ratify, confirm and adopt the Agreement
as amended by this First 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:
XXXX XXXXXXX MUTUAL LIFE INSURANCE COMPANY
By:/s/ Xxxx X. Xxxxxxxx
Name: Xxxx X. Xxxxxxxx
Title:Investment Officer
BUYER:
ARDEN REALTY LIMITED PARTNERSHIP,
a Maryland limited partnership
By: ARDEN REALTY GROUP, INC.,
a Maryland corporation,
its sole general partner
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: President