ARDEN REALTY LIMITED PARTNERSHIP
0000 Xxxxxxxx Xxxxxxxxx
Xxxxx 000 Xxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
(000) 000-0000
Fax (000) 000-0000
June 25, 1997
VIA FACSIMILE
JC Investment & Realty, Inc.
00000 Xxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, XX 00000
Attn: Harutoshi Mori, President
RE: Agreement of Purchase and Sale and Joint Escrow
Instructions (the "Agreement") between JC Investment &
Realty, Inc. ("Seller") and Arden Realty Limited
Partnership ("Purchaser"); Property located at 00000
Xxxxxxxx Xxxxxx, Xxxxxxx, XX ("Property")
Dear Xx. Xxxx:
On June 23, 1997, Purchaser delivered notice (the "Objection
Notice") to seller objecting to certain items with respect to the
Property. Seller and Purchaser have agreed upon a Purchase Price
adjustment as a concession to Purchaser to cause it to proceed to
close the transaction as contemplated in the Agreement.
Accordingly, Purchaser and Seller hereby agree to modify the
Agreement in accordance with the following terms and conditions:
1. Capitalized terms used in this letter shall have the
meanings ascribed to them in the Agreement, unless otherwise
defined in this letter.
2. The Purchase Price is reduced from $4,400,000 to
$4,350,000.
3. Except to the extent set forth above, Seller and
Purchaser hereby reaffirm and ratify the Agreement, as amended
hereby.
If the forgoing is in accordance with your understanding of
our agreement, please sign and return a copy of this letter for
our files.
Sincerely,
ARDEN REALTY LIMITED PARTNERSHIP,
a Maryland limited partnership
By: Arden Realty, Inc., its sole general partner
By: /s/ Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx, President
AGREED AND ACCEPTED TO THIS
25TH DAY OF JUNE, 1997
JC Investment & Realty, Inc.
a Washington corporation
By: /s/ Harutoshi Mori
Name: Harutoshi Mori
Its: President
cc: Brig Xxxx
Xxxxx Xxxx, Esq. (000) 000-0000
Xxxxxx Xxxxxxx (000) 000-0000
