Amendment to Purchase and Sale Agreement between Central One, Inc. and Murray Income Properties I, Ltd. (July 27, 2000)

Summary

This amendment updates the original Purchase and Sale Agreement between Central One, Inc. (the buyer) and Murray Income Properties I, Ltd. (the seller) for the Mt. View Shopping Center in Scottsdale, Arizona. The changes extend the approval period by seven days, now ending on August 3, 2000, and adjust the closing date to occur five business days after the later of the approval period or the seller's cure period. All other terms of the original agreement remain unchanged.

EX-10.2 3 d80856ex10-2.txt AMENDMENT TO PURCHASE AND SALE AGREEMENT 1 EXHIBIT 10.2 AMENDMENT TO PURCHASE AND SALE AGREEMENT DATE: July 27, 2000 PARTIES: JAMES H. KAUFMAN and CENTRAL ONE, INC., an Arizona corporation (the "Purchaser") MURRAY INCOME PROPERTIES I, LTD., a Texas limited partnership (the "Seller") SUBJECT: PURCHASE AND SALE AGREEMENT (the "Agreement") executed by Seller on July 10, 2000 and by Purchaser on July 7, 2000, with an Effective Date of July 12, 2000, relating to the purchase and sale of Mt. View Shopping Center in Scottsdale, Arizona. AGREEMENTS: For valuable consideration, the receipt of which is hereby acknowledged by both parties hereto, Seller and Purchaser hereby amend the Agreement as follows: 1. The "Approval Period" (as defined in section 1.1 of the Agreement) is hereby extended for a period of seven (7) days and shall expire on August 3, 2000. 2. The "Closing Date" (as defined in section 1.1 of the Agreement) is hereby amended to mean five (5) business days after the later of (i) the last day of the Approval Period or (ii) the last day of Seller's Cure Period. This Amendment may be executed in counterparts. Except as expressly modified by this Amendment, the terms and conditions of the Agreement shall remain in full force and effect.