October 23, 1996
Via Facsimile (000) 000-0000 Via Facsimile (000) 000-0000
The Balcor Company Xxxxxx Xxxxxx & Xxxxx
Bannockburn Xxxx Xxxxxx Xxxxx 000 Xxxx Xxxxxx Xxxxxx
0000 Xxxxxxxx Xxxx Xxxxx 0000
Xxxxx X-000 Xxxxxxx, Xxxxxxxx 00000-0000
Xxxxxxxxxxx, Xxxxxxxx 00000 Attention: Xxxxxx X. Xxxxxxx
Attention: Xxxx Xxxxxxxxx and
Xxxxx Xxxxx
Re: Agreement of Sale dated August 29, 1996, by and between Alliance
Holdings, L.L.C. and West Villagewood Limited Partnership for
Xxxxxxxx Xxxxxxx Xxxxxxxxxx, Xxxxxx, Xxxxx ("Agreement")
Notice is hereby tendered that Purchaser has elected to extend the Closing
Date under the above-referenced Agreement to December 30, 1996, in accordance
with the terms of Section 8 of the Agreement (as modified by that certain
Second Modification Agreement dated October 2, 1996).
The Seventy Five Thousand Dollar ($75,000.00) payment required by the
Modification Agreement will be wired to the Escrow Agent on or before October
25, 1996.
Alliance Holdings, L.L.C.
By: /s/ Xxxxx X'Xxxxx
-----------------------------------
Its: Attorney in Fact
