Exhibit 10.101
SECOND AMENDMENT TO PURCHASE AND SALE CONTRACT
This Second Amendment to Purchase and Sale Contract (this “Amendment”) is made as of May 4, 2011, betweenCONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/3, LP (“Seller”) andTHE EZRALOW COMPANY, LLC (“Purchaser”).
W I T N E S S E T H:
WHEREAS, Seller and Purchaser entered into that certain Purchase and Sale Contract, dated as of March 21, 2011 with respect to the sale of certain property described therein, as amended by that certain First Amendment to Purchase and Sale Contract, dated April 22, 2011 (collectively, the “Contract”); and
WHEREAS, Seller and Purchaser desire to amend the Contract on the terms set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the sum of $10.00 and other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date and year hereinabove written.
Seller:
CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/3, LP, a Delaware limited partnership
By: CONCAP EQUITIES, INC., Delaware corporation, its general partner
By: /s/Trent A. Johnson
Name: Trent A. Johnson
Title: Vice President
Purchaser:
THE EZRALOW COMPANY, LLC,
A Delaware limited liability company
By:/s/Gary E. Freedman
Name: Gary E. Freedman
Title: Executive Vice President