Marcus & Millichap AMENDMENT TO PURCHASE AGREEMENT

EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1

Exhibit 10.1

Marcus & Millichap
AMENDMENT TO PURCHASE AGREEMENT

This document is an Amendment (“Amendment”) to the Purchase Agreement (“Agreement”) between NNN VF Southwood Tower, LP (“Seller”) and Rancho Pacific and/or related assignee (“Buyer”) executed by Buyer on the 9^th day of September, 2005 for that certain real property located at 19221 Interstate 45, Shenandoah, TX.

The following terms and conditions supersede and replace any inconsistent provisions in the referenced Purchase Agreement. All other terms and conditions of the said Purchase Agreement (including all terms and conditions related to Agent’s commission) shall remain in full force and effect.

The escrow closing date is hereby amended to Monday, December 16, 2005. By execution of this amendment, buyer hereby directs escrow to release buyer’s earnest money deposit of $300,000 directly to seller as a non-refundable deposit.

All other terms and conditions remain the same.

ACCEPTANCE

The undersigned Buyer, Seller and Agent accept and agree to the foregoing.

BUYER: /s/ William D. Angel DATE: 12/6/05

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Rancho Pacific Development

SELLER: /s/ Anthony W. Thompson DATE: 12/6/05

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NNN VF Southwood Tower

AGENT: MARCUS & MILLICHAP REAL ESTATE INVESTMENT BROKERAGE COMPANY

BY: /s/ Alex Garcia DATE: 12/6/05
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Alex Garcia

NO REPRESENTATION IS MADE BY AGENT AS TO THE LEGAL EFFECT OR VALIDITY OF ANY PROVISION OF THIS AMENDMENT. A REAL ESTATE BROKER IS QUALIFIED TO GIVE ADVICE ON REAL ESTATE MATTERS. IF YOU DESIRE LEGAL, FINANCIAL OR ADVICE, CONSULT YOUR ATTORNEY, ACCOUNTANT OR TAX ADVISOR.

Prohamend 12-6-05 1 of 1 Buyer’s Initials Seller’s Initials