Summary of Oral Amendment to Real Property Purchase and Sale Agreement and Escrow Instructions between Hines Nurseries, Inc. and Quantum Ventures, LLC
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Summary
Hines Nurseries, Inc. and Quantum Ventures, LLC orally agreed to amend their existing agreement for the sale of about 121.92 acres of land in Miami-Dade County, Florida. The amendment extends the buyer's due diligence period to October 31, 2005, and moves the closing date to November 7, 2005. All other terms of the original agreement remain unchanged.
EX-10.3 4 hines_8kex10-3.txt EXHIBIT 10.3 SUMMARY OF ORAL AMENDMENT TO REAL PROPERTY PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS On September 12, 2005, Hines Nurseries, Inc., a subsidiary of Hines Horticulture, Inc., negotiated and entered into the Real Property Purchase and Sale Agreement and Escrow Instructions (the "Agreement") with Quantum Ventures, LLC to sell approximately 121.92 acres of unimproved property located at 17455 SW 157th Avenue, Miami-Dade County, Florida. Effective on October 26, 2005, the parties orally agreed to amend the Agreement pursuant to which the diligence period was extended until October 31, 2005 and the closing date was extended to November 7, 2005.
