AMENDMENT NO. 1 TO AGREEMENT OF SALE
AMENDMENT NO. 1 TO AGREEMENT OF SALE (this "Amendment"), dated as of April
17, 1997, by and between Stemmons Center Limited Partnership, an Illinois
limited partnership ("Seller") and CMD Southwest, Inc., an Arizona corporation
("Purchaser").
WITNESSETH:
WHEREAS, Seller and Purchaser have entered into that certain Agreement of
Sale (as amended, the "Agreement") dated March 27, 1997, relating to that
certain property commonly known as Stemmons Center, Dallas, Texas; and
WHEREAS, Seller and Purchaser have agreed in the manner hereinafter set
forth to modify the terms of the Agreement.
NOW THEREFORE, in consideration of the foregoing premises, and the
agreements and representations hereinafter set forth, and for other valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Purchaser and Seller hereby agree to amend the Agreement as follows:
1. Definitions. Any capitalized terms used herein but not defined shall
have that meaning ascribed to them in the Agreement.
2. Amendment.
2.1. Purchase Price. The Purchase Price shall be $12,724,000.
2.2. Printing Credit. Purchaser shall receive a credit at Closing
in the amount of $80,000 on account of certain painting obligations under
Leases with the United States Postal Service.
3. Modification. This Amendment and the provisions hereof may not be
changed, waived or modified orally, but only by written agreement, signed by
the party against whom enforcement of any waiver, change or modification is
sought.
4. Full Force and Effect. All of the terms and conditions set forth in
the Agreement shall remain in full force and effect, except to the extent
otherwise expressly set forth in the Amendment.
5. Conflicts. In the event that any of the provisions of the Agreement
conflict with any of the terms and provisions of this Amendment, the terms and
conditions of this Amendment shall prevail.
6. Counterparts. This Amendment may be executed in any number of
identical counterparts, any or all of which may contain the signatures of less
than all of the parties, and all of which shall be construed together as a
single instrument.
IN WITNESS WHEREOF, the undersigned have caused its duly authorized
officers to sign this Amendment as of the date first above written.
SELLER:
STEMMONS CENTER LIMITED
PARTNERSHIP, an Illinois limited
partnership
By: Stemmons Center Partners, Inc., an
Illinois corporation, its general
partner
By: /s/ Xxxx X. Xxxxxx, Xx.
--------------------------------
Its: Senior Vice President
PURCHASER:
CMD SOUTHWEST, INC., an Arizona
corporation
By: /s/ Xxxxxxx X. Xxxxx
--------------------------------
Its: Executive Vice President
