Exhibit 2
[LETTERHEAD OF NEW PLAN REALTY TRUST]
March 1, 1994
MNOPF Trustees Limited
Ashcombe House, The Crescent
Leatherhead, Surrey KT22 8LQ England
Mr. Xxxxxxx Xxxxxx
Xx. Xxxxxx Xxxxxx
Estate of Xxxxxx Xxxxxx
c/o New Plan Realty Trust
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
Re: Agreement dated December 17, 1981 As amended
Dear Sirs:
On or about December 17, 1981 MNOPF Trustees Limited (then known as Merchant
Navy Officers Pension Fund Trustees Limited), New Plan Realty Trust, Xxxxxxx
Xxxxxx, Xxxxxx Xxxxxx and Xxxxxx Xxxxxx entered into an agreement (the
"Agreement") providing certain rights of first refusal. The Agreement has been
amended from time to time, most recently by letter agreement dated December 3,
1991.
The parties agree that the purposes of the agreement are no longer being served,
and accordingly terminate the Agreement forthwith.
Please signify your acceptance of the foregoing by signing and returning the
enclosed copies of this letter.
Very truly yours,
NEW PLAN REALTY TRUST
By: /s/ Xxxxxxx Xxxxxx, CEO
/s/ /s/
Xxxxxxx Xxxxxx Xxxxxx Xxxxxx
MNOPF Trustees Limited Estate of Xxxxxx Xxxxxx
By: /s/ By: /s/ Xxxxxxx Xxxxxx
X.X. Xxxxxxx
Chief Executive
The obligations of the Trust are not personally binding upon, nor shall resort
be had to the private property of any of the Trustees, shareholders, officers,
employees or agents of the Trust, but the Trust property only shall be bound.
Page 22 of 22 Pages
