Amendment to Purchase Agreement between 2001 W. Orange Grove Road, LLC, PVP Investments, LLC, WRM Investments, LLC, EDI Baptist, LLC, SOD Investments, LLC, and Triple Net Properties, LLC
This amendment modifies the original purchase agreement between several seller entities and Triple Net Properties, LLC. The main change is an extension of the deadline for the parties to agree on a form of Ground Lease Estoppel Certificate, moving the date from October 31, 2007, to November 2, 2007. All other terms of the original agreement remain unchanged. The amendment is effective upon execution by all parties.
CHICAGO TITLE INSURANCE COMPANY
AMENDMENT TO PURCHASE CONTRACT
Escrow No. ###-###-#### Date: October 31, 2007
The Terms and Conditions of the Purchase Agreement / Escrow Instructions are hereby modified as follows:
| 1. | Pursuant to Section 7(g) of that certain Sale Agreement and Instructions dated October 19, 2007 (the “Purchase Agreement”) by and between 2001 W. Orange Grove Road, LLC, PVP Investments, LLC, WRM Investments, LLC, EDI Baptist, LLC, and SOD Investments, LLC (collectively, “Seller”), and Triple Net Properties, LLC (“Buyer”), Seller and Buyer agreed to agree on a form of Ground Lease Estoppel Certificate (as defined in the Purchase Agreement) by October 31, 2007 (“Estoppel Termination Date”). Since the parties require additional time to agree on a form of Ground Lease Estoppel Certificate, both Seller and Buyer have agreed to extend the Estoppel Termination Date to Friday, November 2, 2007. |
This Amendment may be executed in multiple counterparts, each of which shall be deemed an original,
but all of which shall be considered one and the same instrument.
All other Terms and Conditions shall remain the same.
| “BUYER” | ||
“DESERT LIFE SELLER” 2001 W. ORANGE GROVE ROAD, LLC, an Arizona limited liability company By: William R. Metzler, Manager | TRIPLE NET PROPERTIES, LLC, a Virginia liability company By: /s/ Jeff Hanson Name: Jeff Hanson Title: Chief Investment Officer | |
PVP INVESTMENTS, LLC, a Delaware limited liability company By: James D. Vandever, Sole Member | ||
WRM INVESTMENTS, LLC, an Arizona limited liability company By: William R. Metzler, Administrative Member | ||
EDI BAPTIST, LLC, an Arizona limited liability company By: Scott O. Douglas, Managing Member | ||
“LA CHOLLA SELLER” WRM INVESTMENTS, LLC, an Arizona limited liability company By: William R. Metzler, Administrative Member | ||
SOD INVESTMENTS, LLC, an Arizona limited liability company By: Scott O. Douglas, Sole Member |
