June 30, 1997
VIA FACSIMILE & UPS
The Balcor Company Xxxxxx Xxxxxx & Xxxxx
0000 Xxxxxxxx Xxxx, Xxxxx X000 000 Xxxx Xxxxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxxxx, Xxxxxxxx 00000 Xxxxxxx, Xxxxxxxx 00000-0000
Attention: Xxxxx Xxxxx, Xxxx Xxxxxx Attention: Xxxxxx X. Xxxxxxx, Esq.
and Xx Xxxxxxxxx and Xxxxxx X. Small, Esq.
Facsimile: 708/317-4461 Facsimile: 312/902-1061
Re: Agreement of Sale dated as of May 16, 1997 (as amended from time to
time, the "Agreement"), by and between ERP Operating Limited
Partnership ("Purchaser") and N.H. Associates
Ladies and Gentlemen:
On behalf of the above referenced Purchaser, and pursuant to Section 8(C)
of the above referenced Agreement, this letter constitutes an Extension Notice
from Purchaser that the date for satisfaction of the Conditions Precedent is
hereby extended to July 28, 1997, and the Closing Date to August 4, 1997 (or
five business days after satisfaction of the Conditions Precedent, whichever
occurs first). Defined terms used, but not defined, in this letter shall have
the same respective meanings ascribed to such terms in the Agreement.
Please acknowledge this Extension Notice, and forward a copy to the Title
Insurer, as provided in Section 8(C) of the Agreement. Should you have any
questions, please call me. Thank you for your assistance with this matter.
Very truly yours,
/s/ Xxxx X. Xxxxxxxxxxxx
--------------------------------
Xxxx X. Xxxxxxxxxxxx
cc: Xxxxxxxxxxx Xxxx (via facsimile: 312/454-9678)
Xxxx Xxxxxx (via facsimile: 312/454-9678)
Xxxxx Xxxxxxxxxxx
Xxxxxxx Xxxxxx
/s/ Xxxx X. Xxxxxx
--------------------------------
Xxxx X. Xxxxxx
Authorized Agent
Acknowledged on behalf of Seller
