from 10-Q
1 page
June 30, 1997 via Facsimile & Ups the Balcor Company Katten Muchin & Zavis 2355 Waukegan Road, Suite A200 525 West Monroe Street, Suite 2100 Bannockburn, Illinois 60015 Chicago, Illinois 60661-3693 Attention: Ilona Adams, John Powell Attention: Daniel J. Perlman, Esq. and Al Lieberman and Andrew D. Small, Esq. Facsimile: 708/317-4461 Facsimile: 312/902-1061 Re: Agreement of Sale Dated as of May 16, 1997 (As Amended From Time to Time, the "Agreement"), by and Between Erp Operating Limited Partnership ("Purchaser") and N.H. Associates Ladies and Gentlemen: On Behalf of the Above Referenced Purchaser, and Pursuant to Section 8(c) of the Above Referenced Agreement, This Letter Constitutes an Extension Notice From Purchaser That the Date for Satisfaction of the Conditions Precedent Is Hereby Extended to July 28, 1997, and the Closing Date to August 4, 1997 (Or Five Business Days After Satisfaction of the Conditions Precedent, Whichever Occurs First). Defined Terms Used, but Not Defined, in This Letter Shall Have the Same Respective Meanings Ascribed to Such Terms in the Agreement. Please Acknowledge This Extension Notice, and Forward a Copy to the Title Insurer, as Provided in Section 8(c) of the Agreement. Should You Have Any Questions, Please Call Me. Thank You for Your Assistance With This Matter. Very Truly Yours, /S/ John P. Starkweather John P. Starkweather CC: Christopher Beda (Via Facsimile: 312/454-9678) Alan George (Via Facsimile: 312/454-9678) Kelly Stonebraker Roberta Vacker /S/ John K. Powell John K. Powell Authorized Agent Acknowledged on Behalf of Seller <page>
