Extension Letter Agreement for Feasibility Period – TR Walker Ranch Partners, Ltd. and Triple Net Properties, LLC

Summary

This letter agreement is between TR Walker Ranch Partners, Ltd. (seller) and Triple Net Properties, LLC (purchaser). It requests and confirms a two-week extension of the Feasibility Period under their existing Contract of Sale, moving the deadline to May 26, 2006. The extension is effective upon the seller's signed acceptance. The agreement is facilitated by legal counsel and does not alter other terms of the original contract.

EX-10.3 4 a24798exv10w3.htm EXHIBIT 10.3 exv10w3

EXHIBIT 10.3


		David F. Belkowitz • Richmond Office
		(804) ###-###-#### • *@*
		Federal Reserve Bank Building 701 East Byrd Street Richmond, VA 23219 Telephone: 804 ###-###-#### Facsimile: 804 ###-###-#### Mailing Address: Post Office Box 500 Richmond, VA ###-###-####			Fredericksburg Office: 725 Jackson Street, Suite 200 Fredericksburg, VA ###-###-#### Phone: 540 ###-###-#### Fax: 540 ###-###-#### www.hf-law.com

ATTORNEYS AT LAW

May 12, 2006

VIA FACSIMILE – 972 ###-###-####

TR Walker Ranch Partners, Ltd.
c/o Thompson Realty Corporation
2505 N. Plano Road, Suite 3000
Richardson, Texas 75082
Attn: W. T. Field.


Re:		Contract of Sale Between TR Walker Ranch Partners, Ltd., a Texas limited partnership, as seller and Triple Net Properties, LLC, a Virginia limited liability company, as purchaser

Dear Mr. Field:

On behalf of our client, Triple Net Properties, LLC, the purchaser under the captioned contract, I hereby request a two week extension of the Feasibility Period to May 26, 2006. If this extension is acceptable, please sign below.

Very truly yours,

David F. Belkowitz

AGREED TO:

TR WALKER RANCH PARTNERS, LTD.


By:	TRDC Walker Partners, Ltd.,
	General Partner

	By:	Thompson Realty Development Corporation, General Partner

		By:


		Its:

/bh

cc: Mr. Gus Remppies