New School Properties, Inc.
March 9, 2012
ARI Financial Services, Inc.
0000 X. 000xx Xxxxxx Xxxxx 00
Leawood, Kansas 66224
Re: New School Properties, Inc. - Dealer Manager Agreement dated October 1, 2011
Dear Sirs:
Pursuant to the telephone discussion today, please accept this letter as written evidence of our mutual agreement to terminate the Wholesaling Addendum to the referenced Dealer Manager Agreement. By such mutual agreement, this Addendum is terminated immediately, effective this March 9, 2012. Except as modified by the termination of the Wholesaling Addendum, the referenced Dealer Manager Agreement shall remain in full force and effect.
To evidence your acceptance of the termination of the Wholesaling Addendum, please sign a copy of this letter and return it to us for our files. Thank you. We look forward to working iwth you on this successful completion of the New School Properties, Inc. Class A Common Shares offering.
Very truly yours,
/s/ Xxxxxx X. Xxxxxxxx
By:
Xxxxxx X. Xxxxxxxx
President and Chief Executive Officer
Sign to acknowledge agreement and termination of the Wholesaling Addendum.
ARI FINANCIAL SERVICES, INC.,
AS MANAGING DEALER
/s/ Xxxxx Xxxxxxx
By:
X. Xxxxx Xxxxxxx
Title: President
