Exhibit 10.5
Berkshire Income Realty, Inc.
One Beacon Street, Suite 1500
Boston, Massachusetts 02108
| March 5, 2003 |
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Krupp Government Income Trust |
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Krupp Government Income Trust II |
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One Beacon Street |
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Boston, Massachusetts 02108 |
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Gentlemen:
Reference is made to the Waiver and Standstill Agreement, dated as of August 22, 2002, by and among Krupp Government Income Trust (“GIT”), Krupp Government Income Trust II (“GIT II” and, collectively with GIT, the “Trusts”), Berkshire Income Realty, Inc. and Berkshire Income Realty-OP, L.P. (the “Waiver Agreement”). This is to confirm our agreement that, notwithstanding the first sentence of Section 2.3 of the Waiver Agreement, the expiration date of the exemption granted by the Trusts in Section 2.1 of the Waiver Agreement is hereby extended from March 31, 2003 to June 30, 2003. Except for the foregoing, all of the terms and conditions of the Waiver Agreement remain in full force and effect.
Kindly confirm the foregoing by signing below.
| BERKSHIRE INCOME REALTY, INC. | ||||
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| By: | /s/ David C. Quade |
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| Name: | David C. Quade | ||
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| Title: | President | ||
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| BERKSHIRE INCOME REALTY-OP, L.P. | ||||
| by: | Berkshire Income Realty, Inc., its General Partner | |||
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| By: | /s/ David C. Quade |
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| Name: | David C. Quade | ||
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| Title: | President | ||
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| Acknowledged and agreed as of the date first above written: | ||||
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| KRUPP GOVERNMENT INCOME TRUST | ||||
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| By: | /s/ Douglas Krupp |
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| Name: | Douglas Krupp | ||
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| Title: | Chairman | ||
| KRUPP GOVERNMENT INCOME TRUST II | |||
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| By: | /s/ Douglas Krupp |
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| Name: | Douglas Krupp | |
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| Title: | Chairman | |
[Signature Page to Waiver Agreement Amendment]
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