CONTINENTAL REALTY ADVISORS, LTD.
0000 XXXX XXXXXXX XXXXXX
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TELEPHONE (000) 000-0000
FACSIMILE (000) 000-0000
November 6, 1997
Xxxxxxxx Investors, an Illinois limited partnership
x/x Xxx Xxxxxx Xxxxxxx
Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X-000
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Ladies and Gentlemen:
This letter pertains to, and is intended to constitute an amendment of,
the Agreement of Sale (the "Agreement") entered into as of May 22, 1997 between
Continental Realty Advisors, Ltd., a Colorado limited partnership Signet
Partners, a Colorado corporation (collectively referred to as "Purchaser") and
Xxxxxxxx Investors, an Illinois limited partnership ("Seller"). By prior
instruments, the most recent of which is entitled the "Sixth Amendment to
Agreement Of Sale and Escrow Agreement", Purchaser and Seller have amended the
Agreement. Pursuant to the Sixth Amendment, certain deadlines for performance
or satisfaction of conditions were extended. One of those deadlines was for
the satisfaction or waiver of the Purchaser's financing contingency. That
provision is set forth in paragraph two of the Sixth Amendment, and it pertains
to paragraph 7.1A of the Agreement. The current deadline for satisfaction or
waiver of the Purchaser's financing contingency is 5:00 p.m. Chicago time,
November 6, 1997. By our mutual signing of this letter, it is agreed that the
deadline for satisfaction or waiver of the financing contingency is hereby
extended for one day, to 5:00 p.m. Chicago time, November 7, 1997.
In all other respects the Agreement, as previously amended by the First
through Sixth Amendments to Agreement of Sale and Escrow Agreement, shall
remain unchanged, and in full force and effect.
Kindly acknowledge your assent to these provisions by signing a copy of
this letter at the space provided below, and returning it to me by facsimile
transmission at the facsimile number indicated above. I will then forward a
copy of the Escrow Agent to advise it of the amendment hereby enacted.
Very truly yours,
PURCHASER:
CONTINENTAL REALTY ADVISORS, LTD.
By: /s/ Xxxxx X. Xxxxxx, President
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Xxxxx X. Xxxxxx, President
SELLER:
Xxxxxxxx Investors, LLP
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Managing Director
ACKNOWLEDGED:
ESCROW AGENT:
NEAR NORTH NATIONAL TITLE CORPORATION
By:
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