EXHIBIT 10.13
Xxxxxxxxx & Banks, Ltd.
000 Xxxxx Xxxxxx
Xxxxxxxxxx, Xxxxx Xxxxxx 00000-0000
December 12, 1997
VIA FEDERAL EXPRESS
Xx. Xxxxx Xxxxx
Carolina Investment Partners
0000 Xxxx Xxxxx Xxxx
Xxxxx 000
Xxxxxxx, XX 00000
Re: Xxxxxxxxx & Banks/Carolina Investment/ADA Corporation Agreement for the
Purchase and Sale of Real Estate dated April 20,
1995 as amended
LETTER AGREEMENT
Dear Xxxxx:
Pursuant to Paragraph 1(d) of the Sixth Amendment dated September 12,
1997 in the above-referenced matter, notice is hereby given that Buyer elects to
exercise its extension rights beyond December 15, 1997.
At this time, I am pleased to report that two closings are anticipated
for the month of January, 1998, namely Papa John's and Xxxxxxxx Development
(Texaco).
Respectfully,
/s/ Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx
RPB/tjr
cc: Xxxxx Xxxxxxxxxx-Xxxxxx, Esquire
Xxxxxxx Xxxxxx, Esquire
AGREED AND ASSENTED TO:
/s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
