EXHIBIT 10.13
AMENDED SUBSCRIPTION AGREEMENT
WHEREAS, there has been organized under the laws of the State of Maryland
a real estate investment trust known as Mar Mar Realty Trust (the "Trust");
WHEREAS, the Trust is authorized to issue 5,000,000 Class B Common Shares
of Beneficial Interest, $1.00 par value ("Class B Common Shares").
WHEREAS, the Trust and the undersigned have previously entered into a
subscription agreement dated April 14, 1998 and the parties have determined it
to be in each of their respective best interests to amend and supersede such
subscription agreement with (i) this amended subscription agreement and (ii) a
subscription agreement between Mar Mar Realty L.P. and the undersigned.
NOW, THEREFORE, in consideration of the covenants contained herein, the
undersigned hereby subscribes for and agrees to purchase up to four hundred
sixty three (463) Class B Common Shares of the Trust and agrees to give as
consideration therefor six hundred sixty dollars ($660.00).
The subscription hereunder shall be payable upon execution and the Shares
subscribed for hereunder shall be issued at the time payment is received
therefor.
Dated as of the 10th day of October, 1998.
By:
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O. Xxxxxx Xxxxx
Accepted as of
October 10, 1998
MAR MAR REALTY TRUST
By:
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Xxxxxxxx X. Xxxx
Vice President and Chief Financial Officer
