Document:

7TH AMENDMENT OF OFFICE LEASE

     THIS 7TH AMENDMENT OF OFFICE LEASE ("7th Amendment") is
made  on June 7, 1999, between STEVENS CREEK ASSOCIATES,   a
California  general partnership, d/b/a TRIZECHAHN  PLAZA  OF
THE  AMERICAS MANAGEMENT, whose address is 700  North  Pearl
Street,  Suite  300, Dallas, Texas 75201  ("Landlord"),  and
AMRESCO,  INC.,  a  Delaware Corporation  ("Tenant"),  whose
address is 700 North Pearl Street, Suite 2400.

                          RECITALS

     A.   K-P  Plaza  Limited Partnership, a  Texas  limited
          partnership ("K-P Plaza"), and Tenant entered into an Office
          Lease Agreement dated February 9, 1996, ("Lease"), for
          premises consisting of approximately 125,279 rentable square
          feet on the entire 17th, 22nd, 23rd, 24th and 25th floors
          and a part of the 16th floor of the building located at 700
          North Pearl Street (the "North Tower") within  the
          development commonly known as the Plaza of the Americas
          ("Building"), Dallas, Texas and commonly, Collectively
          referred to as Suite 2400 ("Premises").

     B.   K-P  Plaza and Tenant amended the Lease  by  First
          Amendment to Office Lease dated July 17, 1996, Second
          Amendment to Lease Agreement dated May 27, 1997, and a Third
          Amendment to Lease Agreement dated September 22, 1997.

     C.   KAB Plaza Partners, L.P., a Texas limited partnership
          ("KAB Plaza"), successor-in-interest to K-P Plaza and Tenant
          further amended the Lease by a Lease Expansion and Fourth
          Amendment to Lease Agreement dated January 6, 1998, a Lease
          Expansion and Fifth Amendment to Lease Agreement dated March
          25, 1998, and a Lease Expansion and Sixth Amendment to Lease
          Agreement dated July 6, 1998 (Lease and Amendment(s)
          collectively, "Lease as amended").

     D.   Landlord is the successor in interest to KAB Plaza
          under the Lease as amended.

     E.   Landlord and Tenant desire to further amend the Lease
          as amended to (1) expand the Premises by an additional 1,455
          rentable square feet on the 21st floor of the North Tower
          and (2) adjust the rents and other charges to be paid.

     THEREFORE, in consideration of the mutual covenants and
     agreements  stated in the Lease as amended  and  below,
     and  for  other sufficient consideration  received  and
     acknowledged  by each party, Landlord and Tenant  agree
     to amend the Lease as amended as follows:

     1.   RECITALS. All recitals are fully incorporated.

     2.   LANDLORD'S ADDRESS. "Landlord's Address" as defined in
          "Basic Office Lease Information" of the Lease as amended
          shall be deleted and the following substituted therefore:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               700 North Pearl Street, Suite 300
               Dallas, Texas 75201
               Attention: Property Manager
               Fax: (214) 720-8005
               Telephone: (214) 720-8000

               With a copy to:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               C/O TrizecHahn Office Properties Inc.
               500 W. Madison Street, Suite 3650
               Chicago, Illinois 60661
               Attention: Sr. Vice President, Operations
               Fax: (312) 466-1710
               Telephone: (312) 466-3000

               And If Notice of Default, Copy to:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               C/O TrizecHahn Office Properties Inc.
               3011 West Grand Blvd., Suite 450
               Detroit, Michigan 48202
               Attn: Legal Counsel
               Fax: (313) 874-4788
               Telephone: (313) 874-4444

               And if for Payments:
               TRIZECHAHN PLAZA OF THE AMERICAS MANAGEMENT
               700 North Pearl Street, Suite 300
               Dallas, Texas 75201
               Attention: Property Manager
               Fax: (214) 720-8005
               Telephone: (214) 720-8000
               Or  such other place and/or person or  entity
               as Landlord may designate from time to time.

     3.   PREMISES EXPANSION. Effective as of March 1, 1999, (the
          "7th Expansion Commencement Date"), the Premises shall be
          expanded to include the 1,455 rentable square feet of area
          located on the 21st floor of the North Tower as shown
          hatched on the "7th EXPANSION SPACE FLOOR PLAN" attached and
          incorporated as Exhibit A(7a) to this 7th Amendment and
          commonly known as Suite 2120 ("7th Expansion Space"). Until
          the expiration of the 7th Expansion Lease Term (as defined
          below), the Premises shall encompass and be collectively
          described as "Suite 2400" on the 4th, 16th, 17th, 18th,
          19th, 21st, 22nd, 23rd, 24th and 25th floors of the Building,
          as shown hatched on the "7th AMENDMENT FLOOR PLAN" attached
          and incorporated as Exhibit A(7b) to this 7th Amendment for
          a total Premises of 200,542 rentable square feet.

     4.   EXPANSION SPACE LEASE TERM. The Lease Term  as  it
          pertains to the 7th Expansion Space shall commence on March
          1, 1999 and shall expire on February 29, 2000 ("7th
          Expansion Lease Term").

     5.   BASIC RENTAL, TENANT PROPORTIONATE SHARE, AND EXPENSE
          STOP. Effective during the 7th Expansion Lease Term and for
          the 7th Expansion Space only, Basic Rental, Tenant's
          Proportionate Share of Operating Expenses and Expense Stop
          shall be as follows:

          a.   The Basic Rental shall be as follows:

                             Rate per
                             Rentable        Annual Basic   Monthly Basic
       Period               Square Foot        Rental         Rental
3/1/99 through 4/29/2000     $19.00          $27,645.00     $2,303.75

          b.   "Tenant's Share of Operating Expenses" as defined in
            the Basic Office Lease Information shall be amended as
            follows:

          Tenant's
          Proportionate
          Share:          It  is stipulated and agreed  that
          for  all  purposes  under this 7th  Amendment, the
          Tenant's    Proportionate   Share    is    0.1392%
          (0.001392),  obtained by dividing  (a)  the  1,455
          rentable square feet in the 7th Expansion Space by
          (b)  the  1,045,551 rentable square  feet  in  the
          Buildings.  The  foregoing  numbers  of   rentable
          square  feet  are  stipulations  and  establish  a
          material  part  of  the  economic  basis  for  the
          execution  of  this 7th Amendment by Landlord  and
          shall not be adjusted unless the rentable area  of
          the 7th Expansion Space is increased or decreased.

          (c)  "Expense  Stop" as defined in  the  Basic
            Office  Lease  Information shall be  amended  as
            follows:

          Expense
          Stop:     1999 Basic Cost per rentable square foot.
                  Operating expanses for the  base  year  and
                  subsequent  years will be adjusted to reflect
                  an occupancy level of 95%.

          (d)  The first sentence of Article 4, Section (e) of the
            Office Lease shall read as follows:

                e.  Adjustments to Electrical Costs. With respect to any
            calendar year or partial calendar year, the Electrical Costs
            for such period shall, for the purposes hereof, be increased
            to the amount which would have been incurred had the
            Buildings been occupied to the extent of ninety-five percent
            (95%) of the rentable area thereof.

          (e)  Paragraph (d) of Exhibit C to the Lease as amended
            shall be amended to read as follows:

               (d)  With  respect  to any calendar  year  or
               partial  calendar year, the  Basic  Cost  for
               such  period shall, for the purposes  hereof,
               be  increased to the amount which would  have
               been incurred had the Buildings been occupied
               to the extent of ninety-five percent (95%) of
               the rentable area thereof.

     6.   DELIVERY OF 7TH EXPANSION SPACE. Tenant acknowledges
          and agrees that Tenant will accept the 7th Expansion Space
          in an "as is" condition, and that, as of the date of this
          7th Amendment, the 7th Expansion Space is in good order and
          satisfactory condition. No promises to alter, remodel or
          improve the 7th Expansion Space, Premises or Building and no
          representations concerning the condition of the 7th
          Expansion Space, Premises or Building have been made by
          Landlord to Tenant other than as may be expressly stated in
          the Lease as amended (including this 7th Amendment) and any
          tenant improvements constructed therein by Tenant will be
          subject to all terms and provisions of the lease as amended
          including, without limitation, the provisions of Section
          8 ("Improvements; Alterations; Repairs; Maintenance.").

     7.   AMENDMENT TO ARTICLE 4, ("RENT"). Article 4 of the
          Lease as amended shall be amended by adding the following
          new Subsection (g) at the end thereof:

          (f)  The foregoing notwithstanding, Tenant shall, at its
            sole cost and expense, have the right to install additional
            air conditioning units and/or air handling equipment for the
            Premises, and draw additional power, if available, or bring
            in additional power to the Premises for Tenant's own use,
            provided any such installation or providing of additional
            power shall (a) comply with applicable law and (b) otherwise
            be in compliance with the terms and conditions of this Lease
            as amended, including, but not limited to, the provisions of
            Article 7 ("Landlord's Obligations"), Article  8
            ("Improvements; Alterations; Repairs, Maintenance") and
            Article 13 ("Rules and Regulations").

     8.   PARKING. During the 7th Expansion Lease Term, Tenant or
          persons designated by Tenant shall have the right (but not
          the obligation) to rent in the Garage on an unreserved and
          non-exclusive basis one (1) additional parking space in the
          Garage. The rent for such parking space shall be the rate
          from time to time designated by Landlord as standard for the
          Building, which, on the execution date of the 7th Amendment,
          is $115.00. Landlord shall provide Tenant at lease thirty
          (30) days' notice of any change in the parking rates at the
          Garage and the giving of such notice shall be deemed an
          amendment to this 7th Amendment and Tenant shall thereafter
          pay the adjusted rent. All payments of rent for parking
          spaces shall be made (a) at the same time as Basic Rental is
          due under the Lease as amended and (b) to Landlord or to
          such persons (for example but without limitation, the
          manager of the Garage) as Landlord may direct from time to
          time.

     9.   OFFICE SPACE LICENSE AGREEMENTS. Landlord and Tenant
          acknowledge that two prior license agreements were entered
          into for additional office space for Tenant in the Building:
          (a) Office Space License Agreement dated January 6, 1998 by
          and between K-P Plaza and Tenant for premises consisting of
          approximately 3,589 rentable square feet of area and
          commonly known as for Suite 2170/2160 in the North Tower of
          the Building and (b) Office Space License Agreement dated
          April 1, 1998 by and between KAB Plaza and Tenant for
          premises consisting of approximately 6,189 rentable square
          feet of area and commonly known as for Suite 510 in the
          North Tower of the Building. Landlord and Tenant acknowledge
          and agree that both license agreements have expired and are
          of no further force or affect and that Landlord and its
          predecessors-in-interest, K-P Plaza and KAB Plaza, as
          lessors, and Tenant, as lessee, have fully performed their
          respective obligations thereunder.

     10.  CONFLICTING PROVISIONS. If any provisions of this 7th
          Amendment conflict with any of those of the Lease as
          amended, then the provisions of this 7th Amendment shall
          govern.

     11.  REMAINING LEASE PROVISIONS. Except as stated in this
          7th Amendment, all other viable and applicable provisions of
          the Lease as amended shall remain unchanged and continue in
          full force and effect throughout the Lease Term.

     12.  BINDING EFFECT. Landlord and Tenant ratify and confirm
          the Lease as amended and agree that this 7th Amendment shall
          bind and inure to the benefit of the parties, and their
          respective successors, assigns and representatives as of the
          date first stated.

AFFIRMING  THE  ABOVE, the parties have  executed  this  7th
AMENDMENT OF OFFICE LEASE on the date first stated.

WITNESSES                     LANDLORD
                              STEVENS CREEK ASSOCIATES
                              By:  //Antonio A. Bismonte
                                   Antonio A. Bismonte
                                   Senior Vice President

                              By:  //Donald R. Brown
                                   Donald R. Brown
                                   Senior Vice President

                              TENANT
                              AMRESCO, INC.

                              By:   //Derek Nash
                              Name:   Derek Nash
                              ITS:    Vice President, FacilitiesLEASE TERMINATION AGREEMENT

THIS LEASE TERMINATION AGREEMENT ("Agreement"), is made as
of 9-15-99, between STEVENS CREEK ASSOCIATES,  a California
general partnership, d/b/a TrizecHahn Plaza of the Americas
Management ("Landlord"), whose address is 700 North Pearl
Street, Dallas, Texas 75201 and AMRESCO, Inc. a Delaware
corporation ("Tenant"), whose address is 700 North Pearl
Street, Suite 2400, Dallas, Texas 75201

                          RECITALS

     This Agreement is based upon the following recitals:

A.   K-P Plaza Limited Partnership, a Texas limited
     partnership ("K-P Plaza"), and Tenant entered into an Office
     Lease Agreement dated February 9, 1996, ("Lease"), for
     premises consisting of approximately 125,279 rentable square
     feet on the 17th, 22th, 23rd, 24th, and 25th floors and a
     part of the 16th floor of the building located at 700 North
     Pearl Street (the "North Tower") within the development
     commonly known as the Plaza of the Americas ("Building"),
     Dallas, Texas and commonly, collectively referred to as
     Suite 2400 ("Premises").

B.   K-P Plaza and Tenant amended the Lease by First
     Amendment to the Office Lease dated July 17, 1996, Second
     Amendment to Lease Agreement dated May 27, 1997, and a Third
     Amendment to Lease Agreement dated September 22, 1997.

C.   KAB Plaza Partners, L.P., a Texas limited partnership
     ("KAB Plaza") successor-in-interest to K-P Plaza and Tenant
     further amended the Lease by a Lease Expansion and Fourth
     Amendment to Lease Agreement dated January 6, 1998, a Lease
     Expansion and Fifth Amendment to Lease Agreement to Lease
     Agreement dated March 25, 1998, and a Lease Expansion and
     Sixth Amendment to Lease Agreement dated July 6, 1998.

D.   Landlord and Tenant further amended the Lease by
     Seventh Amendment of Office Lease dated June 7, 1999 ("Lease
     and Amendments collectively, "Lease as Amended").

E.   Landlord is the successor in interest to KAB Plaza
     under the Lease as amended.

F.   Landlord and Tenant desire to terminate the Lease
     insofar as it affects that portion of the Premises described
     in the aforesaid Seventh Amendment.

     THEREFORE, for sufficient consideration received and
     acknowledged by each party, Landlord and Tenant agree
     to terminate the Lease on the following conditions:

          1.   The recitals are fully incorporated by reference.

          2.   TERMINATION DATE. The Lease shall terminate as of
               midnight on August 31, 1999 ("Termination Date").

          3.   CONTINUING LEASE OBLIGATIONS. Landlord's consent to
               terminate the Lease shall not relieve Tenant of any monetary
               or non-monetary obligations arising under the Lease prior to
               the Termination Date. Except as may be modified below, from
               the date of this Agreement through the Termination Date
               Tenant shall continue to make all payments due to Landlord
               under the Lease, and shall be Liable for accrued monetary
               obligations which may be unbilled as of the Termination
               Date.

          4.   RENTS AND OTHER CHARGES DUE LANDLORD. Landlord and
               Tenant agree that $4,607.50 represents "Total Monies Due"
               Landlord by Tenant under the Lease through the Termination
               Date. Tenant shall pay Total Monies Due to Landlord
               simultaneously with Tenant's execution of this Agreement.
               Landlord and Tenant acknowledge that the estimated payments
               for Tax and Operating Expenses made by Tenant to Landlord
               through the Termination Date shall be deemed fully paid, in
               final amounts, and no further accounting or adjustments
               shall be made.

          5.   VACATING PREMISES. Tenant agrees to fully and finally
               vacate and surrender the Premises to Landlord on the
               Termination Date broom clean and in good repair and
               tenantable condition, ordinary wear and tear excepted, and
               otherwise in accordance with Section 21 of the Lease as
               amended. After the Termination Date, Tenant grants Landlord
               the unconditional right to enter and repossess the Premises,
               without notice to Tenant, to remove any and all personal
               property from the Premises and store same; to disconnect
               utilities and telecommunications devices, to change locks,
               prohibit access and otherwise prohibit Tenant from the
               Premises.

          6.   PERSONAL PROPERTY. After the Termination Date, Landlord
               may remove any personal property remaining in the Premises,
               and Landlord shall not be responsible in any way for such
               personal property, or for any damage including any loss or
               damage arising out of Landlord's intentional acts or
               negligence. If any personal property is stored in the
               Building or elsewhere after the Termination Date, Tenant
               shall be liable for and shall indemnify Landlord for all
               claims for damages that may result directly or indirectly
               from any re-entry, taking possession, removal or storage.
               Tenant shall pay to Landlord or at Landlord's option, (to
               anyone with whom said personal property may be stored)
               reasonable storage charges fixed by Landlord; and Landlord
               shall have a lien on said property and the right to enforce
               the lien by the sale of such property as deemed commercially
               reasonable under the circumstances.

          7.   HOLDOVER STATUS.     Regardless of any contrary
               provision in the Lease, if Tenant has not vacated the
               Premises on or before the Termination Date, Tenant shall
               become a Tenant at sufferance, on a daily basis, and shall
               be liable to Landlord for double the base rental rate due
               under the Lease plus all other rents and charges due,
               calculated on a daily basis.

          8.   TRANSFER OF INTEREST. Each party represents that it has
               not assigned, subleased, transferred, conveyed, or otherwise
               disposed of (A) the Lease or any interest in the Lease, or
               (B) any claim, demand, obligation, liability, action, or
               cause of action arising from the Lease.

          9.   RELEASE. (A) Landlord and Tenant shall be
               unconditionally and mutually released from any and all
               further obligations under the Lease as of the Termination
               Date, provided, however, that as to Tenant said release
               shall become effective only after all accounts have been
               fully and finally settled as of the Termination Date, and
               all other obligations under the Lease and this Agreement
               have been satisfied as of the Termination Date. If tenant
               has failed to fully and finally settle all accounts as
               required, this Agreement shall be null and void.

                     (B) Provided Tenant has fully and finally settled
               all accounts due Landlord as of the Termination Date,
               has finally satisfied all obligations accruing under the
               Lease as amended as of the Termination Date (including
               any claims that would be covered by Tenant's insurance) and
               further provided that Tenant has fully vacated the Premises
               as of the Termination Date, this Agreement shall fully
               and finally settle all demands, charges, claims, accounts,
               and causes of action of any nature, including, without
               limitation, both known and unknown claims and causes of
               action arising out of or in connection with the Lease.

          10.  CONFLICTING PROVISIONS. To the extent of this Agreement
               conflicts with the Lease, then the provisions of the
               Agreement shall govern.

          11.  PERSONS BOUND. This agreement shall bind and benefit
               Landlord and Tenant, and their representatives, successors,
               and assigns and heris.

     AFFIRMING THE ABOVE, the parties have executed this
     LEASE TERMINATION AGREEMENT as of the date first
     stated.

                         LANDLORD:
                         STEVENS CREED ASSOCIATES
                         BY:  TrizecHahn Centers Inc.
                              General Partner

                         By:  //Donald R. Brown
                              Donald R. Brown
                              Senior Vice President

                         By:  //Robert R. Stubbs
                              Robert R. Stubbs
                              Assistant Secretary

                         TENANT:
                         AMRESCO, INC., a Delaware corporation

                         By:  //Derek Nash
                              Derek Nash
                         Its: VP Facilities

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