Exhibit 10.145
SECOND AMENDMENT TO PURCHASE AND SALE CONTRACT
THIS SECOND AMENDMENT TO AGREEMENT FOR PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS (this “SecondAmendment”) is made and entered into as of the 6th day of October, 2008, by and among by the selling parties identified on Seller Information Schedule attached asSchedule 1 to the Agreement (as that term is defined below) each having an address at 4582 South Ulster Street Parkway, Suite 1100, Denver, Colorado 80237 (individually a “Seller” and collectively “Sellers”), and JRK BIRCHMONT ADVISORS, LLC, a Delaware limited liability company and JRK PROPERTY HOLDINGS, INC., a California corporation, each having a principal address at 11766 Wilshire Boulevard, Suite 1450, Los Angeles, California 90025 (collectively as “Purchaser”), or its permitted assignee or assignees as provided in Section 14.4 of the Agreement.
RECITALS
A. Sellers and Purchaser are parties to that certain Agreement for Purchase and Sale and Joint Escrow Instructions, dated September 29, 2008 (the “Agreement”) pertaining to the purchase and sale of those certain real properties located in Georgia more particularly described onExhibits A-1 through A-2 attached to the Agreement (the “Properties”).
B. Sellers and Purchaser intend to modify the Agreement with respect to the date for delivery of the Management Agreements as described in Section 6.1.4 of the Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Sellers and Purchaser hereby agree as follows:
4. Ratification. Except as expressly set forth in this Second Amendment, all other terms and conditions of the Agreement shall remain unmodified, the same being ratified, confirmed and republished hereby.
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NOW, THEREFORE, the parties hereto have executed this Second Amendment to Agreement for Purchase and Sale and Joint Escrow Instructions as of the date first set forth above.
Sellers:
BELMONT PLACE APARTMENTS: | FOOTHILL CHIMNEY ASSOCIATES LIMITED PARTNERSHIP, a Georgia limited partnership By: CONCAP EQUITIES, INC., a Delaware corporation, its general partner By: /s/John Spiegleman Name: John Spiegleman Title: Senior Vice President |
LAUREL HILLS PRESERVE APARTMENTS: | AMBASSADOR IV, L.P., a Delaware limited partnership By: AMBASSADOR IV, INC., a Delaware corporation, its general partner By: /s/John Spiegleman Name: John Spiegleman Title: Senior Vice President |
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Purchaser:
JRK PROPERTY HOLDINGS, INC.,
a California corporation
By: /s/Jay Schulman
Name: Jay Schulman
Title: President
JRK BIRCHMONT ADVISORS LLC,
a Delaware limited liability company
By: JRK Birchmont Capital Partners LLC,
a California limited liability company,
its Managing Member
By: JRK Property Holdings, Inc.,
a California corporation,
its Manager
By: /s/Jay Schulman
Name: Jay Schulman
Title: President
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