A. Seller and Buyer previously entered into that certain Purchase and Sale Agreement and Joint
dated January 12, 2010 (Original Agreement
), as amended by a first
amendment thereto dated as of February 1, 2010 (First Amendment
), a second amendment
thereto dated as of February 19, 2010 (Second Amendment
) and a third amendment thereto
dated as of February 26, 2010 (Third Amendment
and, together with the Original Agreement,
First Amendment and Second Amendment, collectively referred to herein as the Agreement
concerning the Property. Capitalized terms not otherwise defined herein shall have the meanings
assigned to them in the Second Amendment and, if not defined therein or herein, shall have the
meanings assigned to them in the Original Agreement.
B. The parties desire to provide for a further extension of the Feasibility Period to enable
Buyer to satisfy itself with respect to the Remaining Due Diligence Contingencies. Seller is
willing to permit a limited extension of the Feasibility Period for such purposes and to amend the
Agreement in certain other respects, subject to the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the foregoing Recitals, the mutual covenants and
agreements contained in this Amendment, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Buyer and Seller hereby agree to amend the
Agreement as follows:
1. Extension of Feasibility Period as to Remaining Due Diligence Contingencies. Buyer
shall have until March 26, 2010 to waive or elect not to waive the Remaining Due Diligence
Contingencies (for any reason or for no reason), by delivery of written notice to Seller. If for
any reason Buyer does not waive all Remaining Due Diligence Contingencies by March 26, 2010 in a
writing timely delivered to Seller, or Buyer attempts to conditionally waive any or all of the
Remaining Due Diligence Contingencies, Buyer shall be deemed to have elected to terminate the
Agreement (notwithstanding anything to the contrary contained in any such notice delivered by Buyer
or its counsel to Seller or its counsel), in which event the Deposit shall be returned to Buyer and
the parties shall have no further obligations under the Agreement except for those obligations that
expressly survive such termination.
2. Refund of Deposit. Notwithstanding anything to the contrary contained in Paragraph
2 of the Second Amendment, Buyer may obtain the return of the Deposit if Buyer notifies Seller in
writing by March 26, 2010 that any or all of the Remaining Due Diligence Contingencies have failed
or the Agreement is otherwise deemed terminated in accordance with Paragraph 1 above. Provided
that Buyer affirmatively notifies Seller in writing that Buyer has waived all of the Remaining Due
Diligence Contingencies, Escrow Holder shall upon receipt of such notice immediately release the
entire Deposit to Seller.
3. Extension of Close of Escrow. Section 4(b) of the Agreement is hereby amended so
that the Close of Escrow shall occur on or before April 8, 2010.
(a) Effect of Amendment. Except to the extent the Agreement is modified by this
Amendment, the remaining terms and conditions of the Agreement shall remain unmodified and in full
force and effect. In the event of conflict between the terms and conditions of the Agreement and
the terms and conditions of this Amendment, the terms and conditions of this Amendment shall
prevail and control.
(b) Entire Agreement. The Agreement, together with this Amendment, embodies the
entire understanding between Seller and Buyer with respect to its subject matter and can be changed
only by an instrument in writing signed by Seller and Buyer.
(c) Counterparts. This Amendment may be executed in one or more counterparts,
including facsimile counterparts, each of which shall be deemed an original but all of which, taken
together, shall constitute one in the same Amendment.
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