Extension Agreement to Due Diligence Period – Public Ledger Building Purchase and Sale (Triple Net Properties LLC & Consortium Two - Public Ledger, L.P.)

Summary

Triple Net Properties, LLC and Consortium Two - Public Ledger, L.P. agree to extend the due diligence period for the purchase of the Public Ledger Building in Philadelphia. The extension moves the inspection deadline from January 8, 2004, to 4:00 PM EST on January 12, 2004. Both parties have signed to confirm this extension, allowing the buyer additional time to complete property inspections before finalizing the sale.

EX-10.02 4 a96752exv10w02.txt EXHIBIT 10.02 EXHIBIT 10.02 [TRIPLE NET PROPERTIES LLC LOGO] January 8, 2004 VIA FACSIMILE ###-###-#### Mr. Gary Griffin CONSORTIUM TWO - PUBLIC LEDGER, L.P. c/o The Bernstein Companies 3299 K Street N.W., Suite 700 Washington, DC 20007 VIA FACSIMILE ###-###-#### Mr. Robert J. Faney, Jr. Cushman & Wakefield of Pennsylvania, Inc. 1717 Arch Street 30th Floor Philadelphia, PA 19103 RE: PUBLIC LEDGER BUILDING PHILADELPHIA, PA Dear Gentlemen: Pursuant to Section 3.8 of the real estate Purchase and Sale Agreement by and between CONSORTIUM TWO - PUBLIC LEDGER, L.P. ("Seller") and Triple Net Properties, LLC, a Virginia limited liability company ("Purchaser") (the "Agreement"). The Purchaser's inspection Period expires on January 8, 2004. The Purchaser respectfully requests an extension of due diligence through 4:00 P.M. Eastern Standard Time on Monday January 12, 2004. Should the Seller agree to the above terms, please sign below. Buyer Seller /s/ Anthony W. Thompson /s/ Marc N. Duber - ------------------------------ --------------------------------------- Anthony W. Thompson, By: Marc N. Duber President, Triple Net Properties, LLC Vice President cc: Louis Rogers, Joseph J. McQuade, Hirschler Fleischer (via facsimile ###-###-####) 1551 North Tustin Avenue, Suite 200 - Santa Ana, CA 92705 tel ###-###-#### toll-free 887.888.REIT (7348) 714 ###-###-#### fax ###-###-####