Document:

FIRST AMENDMENT TO PURCHASE AND SALE CONTRACT

Exhibit 10AAA

 

FOURTH AMENDMENT TO 
PURCHASE AND SALE
CONTRACT

 

           
THIS FOURTH AMENDMENT TO PURCHASE AND SALE CONTRACT (this "Fourth
Amendment") is made and entered into this 28th day of
January, 2010 (the "Fourth Amendment Date"), by and among THE
NEW FAIRWAYS, L.P., a Delaware limited partnership, having an address at
4582 South Ulster Street Parkway, Suite 1100, Denver, Colorado 80237
("Seller") and ARAGON 2009/FAIRWAY, LLC, a Texas limited
liability company, having a principal address at 9595 Wilshire Blvd., Suite 900,
Beverly Hills, California  90212 ("Purchaser"). 

 

RECITALS:

 

           
WHEREAS, Seller and LandBanc Capital, Inc., an Arizona corporation
("Original Purchaser") entered into that certain Purchase and Sale
Contract, dated October 19, 2009, as amended by that certain First Amendment to
Purchase and Sale Contract, dated November 20, 2009, as further amended by that
certain Second Amendment to Purchase and Sale Contract, dated November 23, 2009,
as further amended by that certain Third Amendment to Purchase and Sale Contact,
dated December 18, 2009, and as assigned by Original Purchaser to Purchaser by
that certain Assignment and Assumption of Purchase and Sale Contract, dated
January 20, 2010 (as amended and assigned, the "Contract"), for
certain real property situated in the County of Collin, State of Texas, commonly
known as The Fairway Apartments, and more specifically described in the Contract
(the "Property"); and

 

           
WHEREAS, Seller and Purchaser desire to amend the Contract on the terms and
conditions set forth below.

 

AGREEMENT:

 

           
NOW, THEREFORE, in consideration of the mutual covenants set forth in the
Contract and herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Seller and Purchaser agree to
amend the Contract as follows:

 

1.                 
Additional Deposit.  In connection with this Fourth
Amendment, Purchaser shall, within 1 Business Day following the Fourth Amendment
Date, remit to Escrow Agent the amount of $100,000.00, which amount when
received by Escrow Agent shall be added to the Deposit hereunder and shall be
non-refundable under all circumstances other than (i) a default by Seller
pursuant to Section 10.2 of the Contract, or (ii) an event of
condemnation or eminent domain pursuant to Article XII of the
Contract.

2.                 
Closing Date.  Section 5.1 of the Contract is hereby
amended and restated in its entirety as follows:

"The
Closing shall occur on February 12, 2010 at the time set forth in Section
2.2.4 (the "Closing Date") through an escrow with Escrow
Agent, whereby Seller, Purchaser and their attorneys need
not be physically present at the Closing and may deliver documents by overnight
air courier or other means.  Notwithstanding the foregoing to the contrary,
upon at least ten (10) Business Days prior written notice to Purchaser, the
Closing Date may be extended without penalty at the option of Seller to a date
not later than forty five (45) days following the Closing Date specified in the
first sentence of this Section 5.1 for the purpose of responding to and
resolving any comments received from the Securities and Exchange Commission with
regard to Seller's filed information statement relating to the transaction
contemplated herein."

3.                 
General Provisions.  The following provisions shall apply
with respect to this Fourth Amendment:

(a)               
Except as modified herein, the Contract is in full force and effect and
is hereby ratified by Purchaser and Seller.

(b)              
Capitalized terms not defined herein shall have the same meaning as set
forth in the Contract.

(c)               
In the event of any conflict between the Contract and this Fourth
Amendment, the terms and conditions of this Fourth Amendment shall control.

(d)              
This Fourth Amendment may be executed in counterparts, each of which (or
any combination of which) when signed by all of the parties shall be deemed an
original, but all of which when taken together shall constitute one
agreement.  Executed copies hereof may be delivered by telecopier or
electronic mail and upon receipt shall be deemed originals and binding upon the
parties hereto, and actual originals shall be promptly delivered
thereafter.

[remainder of this page intentionally left blank]

 

 

           
NOW, THEREFORE, the parties hereto have executed this Fourth Amendment as of the
Fourth Amendment Date.

 

 

SELLER:

 

THE
NEW FAIRWAYS, L.P.,

a
Delaware limited partnership

 

By:      
DAVIDSON GROWTH PLUS GP 

           
LIMITED PARTNERSHIP,

           
a Delaware limited partnership,

           
its general partner

 

           
By:       DAVIDSON GROWTH PLUS GP 

                       
CORPORATION,

                       
a Delaware corporation,

                       
its general partner

 

                       
By:  /s/Trent A. Johnson

                       
Name:  Trent A. Johnson

                       
Title:  Vice President

 

[Purchaser's signature page to follow]

 

 

 

PURCHASER:

 

ARAGON
2009/FAIRWAY, LLC, 

a
Texas limited liability company

 

By: 
/s/Larison Clark

Name:
Larison Clark

Title:
    PresidentTenth Amendment - Sienna Bay

Exhibit 10.95

 

TENTH AMENDMENT TO PURCHASE AND SALE CONTRACT
 FOR
SIENNA BAY

 

           
This Tenth Amendment to Purchase and Sale Contract (this
“Amendment”) is made as of January 28, 2010 between CCIP/3 SANDPIPER,
LLC, a Delaware limited liability company ("Seller") and DT GROUP
DEVELOPMENT, INC., a California Corporation (“Purchaser”).

W I T N E S S E T H:

           
WHEREAS, Seller and Purchaser entered into that certain Purchase and Sale
Contract, dated as of August 14, 2009, as amended by (i) First Amendment to
Purchase and Sale Contract for Sienna Bay dated as of October 8, 2009, (ii)
Second Amendment to Purchase and Sale Contract for Sienna Bay dated as of
November 10, 2009, (iii) Third Amendment to Purchase and Sale Contract for
Sienna Bay dated as of November 12, 2009, (iv) Fourth Amendment to Purchase and
Sale Contract for Sienna Bay dated as of November 25, 2009, (v) Fifth Amendment
to Purchase and Sale Contract for Sienna Bay dated as of December 11, 2009, (vi)
Sixth Amendment to Purchase and Sale Contract for Sienna Bay dated as of
December 28, 2009, (vii) Seventh Amendment to Purchase and Sale Contract for
Sienna Bay dated as of January 8, 2010, (viii) Eighth Amendment to Purchase and
Sale Contract for Sienna Bay dated as of January 12, 2010 and (ix) Ninth
Amendment to Purchase and Sale Contract for Sienna Bay dated as of January 19,
2010 (collectively, the “Contract”), with respect to the sale of that
certain property known as Sienna Bay, having an address at 10501 3rd Street North, St. Petersburg, FL 33716, and as
more particularly described in the Contract; and

           
WHEREAS, Seller and Purchaser desire to amend certain provisions of the
Contract as hereinafter set forth.

           
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the sum of $10.00 and other good and valuable consideration, the
mutual receipt and legal sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

1.     
Capitalized Terms.     Capitalized terms used
in this Amendment shall have the meanings given to them in the Contract, except
as expressly otherwise defined herein.

2.     
Automatic Termination of Contract. The Solana Seller and Purchaser
have entered into the Solana Contract for the property known as Solana
Vista.  If the Solana Seller, an affiliate of Seller, has not received the
additional $1,000,000 deposit, due under that certain Tenth Amendment to
Purchase and Sale Contract for Solana Vista dated as of the date hereof, prior
to the earlier of (a) the Closing or (b) 5:00 p.m. on February 16, 2010 (time
being of the essence), then such failure to post such additional deposit monies
shall constitute an immediate default by Purchaser under the Contract, the
Contract shall immediately terminate, Seller shall retain the full Deposit
(i.e., $1,500,000) now held by Seller, and neither party shall have any further
rights or obligations under the Contract (except for those provisions that
expressly survive a termination of the Contract).

3.     
Waiver.          
Purchaser hereby waives and releases any and all (i) claims that Purchaser may
have against Seller as of the date hereof with respect to the Contract and (ii)
defenses that Purchaser may have as of the date hereof against Seller with
respect to Seller’s enforcement of the terms of the Contract.  Purchaser
represents that (x) to the best of its acknowledge, as of the date hereof Seller
is not in default of any of the terms and provisions of the Contract and (y)
Seller has, at all times, acted in good faith with respect to the Contract and
all negotiations with respect thereto and has cooperated fully with all requests
of Purchaser with respect to the Property and the terms of the Contract.

4.     
Miscellaneous.          
This Amendment (a)  supersedes all prior oral or written communications
and agreement between or among the parties with respect to the subject matter
hereof, and (b) may be executed in counterparts, each of which shall be
deemed an original and all of which, when taken together, shall constitute a
single instrument and may be delivered by facsimile transmission, and any such
facsimile transmitted Amendment shall have the same force and effect, and be as
binding, as if original signatures had been delivered.  As modified hereby,
all the terms of the Contract are hereby ratified and confirmed and shall
continue in full force and effect.

[remainder of page intentionally left blank]

 

 

           
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date and year hereinabove written.

 

Seller:

 

CCIP/3
SANDPIPER, LLC, a Delaware limited liability company

 

By:
   CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/3, LP, a Delaware
limited partnership, its member

 

By:   
CONCAP EQUITIES, INC., a Delaware corporation, its general partner 

 

 

By:
/s/Trent A. Johnson

Name: 
Trent A. Johnson

Title: 
Vice President

 

Purchaser:

DT
GROUP DEVELOPMENT, INC, a California
corporation

 

By: 
/s/Daniel Markel
Name:  Daniel Markel
Title:  President and
CEO

 

EXHIBIT A

 

Wire Instructions

 

 

	
Bank: 

	
Wachovia 
(Charlotte, NC)

	
ABA
#:  
	
053-000-219 

	
Account
Number:
	
2000010968907

	
Account
Name:  
	
AIMCO
Properties Partnership Concentration Account

	
Reference: 

	
CCIP/3 Sandpiper, LLC - 005681
sale deposit

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