First Amendment to Purchase and Sale Agreement between Dean Witter Realty Income Partnership I, L.P. and The Vlass Group, LLC

Contract Categories: Business Finance › Purchase Agreements
Summary

This amendment extends the due diligence period in the original Purchase and Sale Agreement between Dean Witter Realty Income Partnership I, L.P. (Seller) and The Vlass Group, LLC (Purchaser) from February 15, 2002, to 5:00 p.m. on February 22, 2002. All other terms of the original agreement remain unchanged. The amendment is effective as of February 13, 2002, and is signed by authorized representatives of both parties.

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EX-4.2 4 de-nlp8k32702_exh42.txt FIRST AMENDMENT TO PSA Exhibit 4.2 FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT This FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT, is made this 13th day of February, 2002 by and between DEAN WITTER REALTY INCOME PARTNERSHIP I, L.P. ("Seller") AND THE VLASS GROUP, LLC, ("Purchaser"). W I T N E S S E T H WHEREAS, Purchaser and Seller entered into that certain Purchase and Sale Agreement (the "Contract") dated January 18, 2002; and WHEREAS, the Contract provides for a Due Diligence Period (as defined in Contract) which expires on February 15, 2002; and WHEREAS, Purchaser and Seller desire to extend the Due Diligence Period to 5:00 p.m. on February 22, 2002; NOW, THEREFORE, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00), and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby amend the Contract to extend the due diligence period to 5:00 p.m. on February 22, 2002. Except as hereinabove set forth, the Contract shall remain unaltered and in full force and effect. IN WITNESS WHEREOF, the parties hereto have signed and sealed this First Amendment as of the day and year first above written. PURCHASER: SELLER: THE VLASS GROUP, LLC, a Georgia DEAN WITTER RELATY INCOME Limited liability company PARTNERSHIP I, L.P., a Delaware limited partnership By: /s/ Michael B. Vlass By: DEAN WITTER REALTY ------------------------ INCOME PROPERTIES I, INC., Michael B. Vlass a Delaware corporation, its Manager Managing general partner By: /s/ Robert B. Austin -------------------------------- Robert B. Austin Vice President