June 27, 1997
Echo USA, Inc.
c/o Fushimiya Co., Ltd.
0 X Xxxxx-Xxxxxxxxx Xxxxxxxx
0-0, Xxxxx-Xxxxxxxxxx 0-Xxxxx
Xxxxxx-Xx, Xxxxx, Xxxxx 105
Attn; Jun Masuyama, President
RE: 0000 X. Xxxx Xxxx
Xxxxx Xxx, Xxxxxxxxxx
Dear Xx. Xxxxxxxx:
Reference is hereby made to that certain Agreement of
Purchase and Sale and Joint Escrow Instructions between you as
Seller and the undersigned as Purchaser ("Arden") regarding the
above-reference real property ("Property") and dated April 8,
1997 ("Agreement"). Capitalized terms not otherwise defined in
this letter shall have the meanings ascribed to them in the
agreement. Arden has requested that Seller extend the Closing
Date in accordance with such request upon the following terms and
conditions:
1. Closing Date. The Closing Date is extended until July 31,
1997; provided that upon five (5) days prior written notice to
seller, Arden shall have the right to designate an earlier date
as the "Closing Date" (provided such earlier date does not fall
on a Friday, Saturday, Sunday or state national holiday).
2. Deposit. Within one (1) business day following the date of
execution and delivery of this letter by all parties signifying
the parties' acceptance of the terms of this letter, Arden shall
increase the Deposit by a cash deposit to Escrow Holder in the
amount of One Hundred Thousand Dollars ($100,000.00).
3. Purchase Price. The Purchase Price shall be increased by
the product of (i) $1,000, multiplied by (ii) the number of the
days that have elapsed from July 1, 1997, until the Closing Date.
By way of example only, and not by way of limitations, if the
Closing Date occurs on July 20, 1997, the Purchase Price shall be
increased by $20,000 to equal $7,220,000.
4. Reaffirmation. Expect to the extend set forth above, Seller
and Arden hereby reaffirm and ratify the Agreement as amended
hereby.
June 27, 1997
Page 2
If the foregoing is in accordance with your understanding of
our agreement, please sign and return a copy of this Amendment
for our files.
Sincerely,
ARDEN REALTY LIMITED PARTNERSHIP,
By: Arden Realty, Inc.
Its general partner
By: /s/ Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx,
President & COO
Accepted and Agreed to
this 30th Day of June, 1997
Echo USA, Inc., a Hawaii corporation
By: /s/ Jun Masuyama
Name: Jun Masuyama
Title: Its President
cc: Brig Xxxx
Xxxxx Xxxx, Esq. (000) 000-0000
Xxxxxx Xxxxxxx (000) 000-0000
