Document:

EX-10.3

 Exhibit 10.3 
 SECOND AMENDMENT TO PURCHASE AGREEMENT 
 THIS
SECOND AMENDMENT TO PURCHASE AGREEMENT (this “Second Amendment”) is dated as of February 27, 2013 (the “Amendment Date”) by and among RANCON REALTY FUND V, a California limited partnership
(“Seller”), and 521 EAST 11TH ST.
LLC, a California limited liability company, and 1250 FAIRFAX LLC, a California limited liability company (together, “Buyer”). 

Recitals 

A. Seller and Buyer are parties to that certain Purchase Agreement dated as of February 13, 2013 (the “Initial
Agreement”), as amended by that certain First Amendment to Purchase Agreement dated as of February 15, 2013 (the “First Amendment” and together with the Initial Agreement, the “Purchase Agreement”),
whereby, upon the terms and conditions set forth therein, Seller agreed to sell and Buyer agreed to buy the Property described in the Purchase Agreement. 
 B. Seller and Buyer Parties now desire to amend the Purchase Agreement as set forth below. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereto agree that the Purchase Agreement
is hereby amended as follows: 
 1. Definitions. Capitalized terms used in this Second Amendment shall have the meanings set forth in the
Purchase Agreement, except as otherwise defined herein. 
 2. Extension of Closing Date. Pursuant to its rights under the First
Amendment, Seller has elected to extend the Closing Date to March 4, 2013. Accordingly, the definition of “Closing Date” in paragraph 15 of Addendum I to the Initial Agreement is hereby modified to read “March 4, 2013”.

 3. Miscellaneous. This Second Amendment may be executed in counterparts, including facsimile counterparts, each of which shall be
deemed an original, but all of which taken together shall constitute one and the same instrument. Capitalized terms used in this Second Amendment but not defined herein shall have the meanings given to such terms in the Purchase Agreement. Except as
specifically set forth in this Second Amendment, the Purchase Agreement shall be unmodified and shall remain in full force and effect. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 Second
Amendment to Purchase Agreement 
 Page 1 of 2 

 IN WITNESS WHEREOF, the parties have executed this Second Amendment as of the date first set
forth above. 
  

					
	SELLER:
	
	RANCON REALTY FUND V, a California limited partnership
		
	By:	 	RANCON FINANCIAL CORPORATION, a California corporation, its general partner
			
		 	By:	 	 /s/ Jeff Comerchero — Attorney-in-fact

		 		 	Daniel L. Stephenson, President
		
	By:	 	 /s/ Jeff Comerchero — Attorney in fact

		 	Daniel L. Stephenson, its general partner
	
	BUYER:
	
	521 EAST 11TH ST. LLC, a California limited liability company
		
	By:	 	 /s/    Robert
Hanasab        

		 	Robert Hanasab, Authorized Agent
	
	1250 FAIRFAX LLC, a California limited liability company
		
	By:	 	 /s/    Robert
Hanasab        

		 	Robert Hanasab, Authorized Agent

 First American Title Insurance Company 
 The undersigned executes this Second Amendment for the purposes of acknowledging its agreement to serve as escrow agent in accordance with the terms of this Second Amendment. 

 

			
	First American Title Insurance Company
		
	By:	 	 /s/ Liz Zankich Hahn

		 	Liz Zankich Hahn, Senior Escrow Officer

  
 Second
Amendment to Purchase Agreement 
 Page 2 of 2EX-10.4

 Exhibit 10.4 
 THIRD AMENDMENT TO PURCHASE AGREEMENT 
 THIS THIRD
AMENDMENT TO PURCHASE AGREEMENT (this “Third Amendment”) is dated as of March 1, 2013 (the “Amendment Date”) by and among RANCON REALTY FUND V, a California limited partnership
(“Seller”), and 521 EAST 11TH ST.
LLC, a California limited liability company, and 1250 FAIRFAX LLC, a California limited liability company (together, “Buyer”). 

Recitals 

A. Seller and Buyer are parties to that certain Purchase Agreement dated as of February 13, 2013 (the “Initial
Agreement”), as amended by that certain First Amendment to Purchase Agreement dated as of February 15, 2013 (the “First Amendment”), as further amended by that certain Second Amendment to Purchase Agreement dated as of
February 27, 2013 (the “Second Amendment” and together with the Initial Agreement, and First Amendment, the “Purchase Agreement”), whereby, upon the terms and conditions set forth therein, Seller
agreed to sell and Buyer agreed to buy the Property described in the Purchase Agreement. 
 B. Seller and Buyer Parties now
desire to amend the Purchase Agreement as set forth below. 
 NOW, THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties to this Third Amendment agree as follows: 
 1.
Definitions. Capitalized terms used in this Third Amendment shall have the meanings set forth in the Purchase Agreement, except as otherwise defined herein. 
 2. Purchase Price. The Purchase Price for the Property shall be Eight Million and No/100ths Dollars ($8,000,000.00). 
 3. Carryback Note. Paragraph 3(a)(ii) of the Purchase Agreement, the preamble of the Carryback Note in Exhibit H of the Purchase Agreement, and the third paragraph on the first page of the
Carryback Deed of Trust in Exhibit I to the Purchase Agreement, as all were modified by the First Amendment, are each modified to state that the Carryback Note shall be in the amount of Four Million Eight Hundred Thousand and No/100ths Dollars
($4,800,000). 
 4. Letter of Credit. Paragraph 3(a)(ii)(b) of the Purchase Agreement, and all references to the Letter of Credit and the
Buyer’s obligation to deliver a Letter of Credit, in the Purchase Agreement, Carryback Note and Carryback Deed of Trust, are hereby deleted in their entirety. 

  
 Third
Amendment to Purchase Agreement 
 Page 1 of 3 

 5. Execution Forms. The execution forms of the Carryback Note and Carryback Deed of Trust shall be
modified (prior to execution) to reflect the changes described in paragraphs 3 and 4, above. 
 6. One Legacy Lease. Seller shall have no
obligation to procure the One Legacy Lease, and delivery of the One Legacy Lease shall not be a condition to Buyer’s obligation to close the Escrow. Accordingly, Sections 5(a)(vii) and 13(d) of the Purchase Agreement are hereby deleted in their
entirety. 
 7. Earnest Money Deposit. The Earnest Money Deposit in the amount of $250,000 shall be immediately released to Seller, and
the Escrow Holder is hereby directed to immediately release the Earnest Money Deposit to Seller. 
 8. Deed. The execution form of the
Deed shall be revised (prior to its execution) to reflect that 521 EAST 11TH ST. LLC, a California limited liability company, is acquiring an undivided 71% tenant in common interest in the Property, and 1250 FAIRFAX LLC, a California limited
liability company, is acquiring an undivided 29% tenant in common interest in the Property. 
 9. Cash Payment. Buyer shall deliver the
Cash Payment into the Escrow, in cash or other immediately available funds, on Monday, March 4, 2013. 
 10. Non-Compete. Seller
agrees that Seller shall not solicit One Legacy as a tenant or respond to any lease proposals submitted to Seller by or for One Legacy, or otherwise compete with Buyer for One Legacy as a tenant, in any property owned or operated by Seller and
located in Tri City Corporate Centre, from and after the Amendment Date until the date that is one hundred eighty (180) days after the Closing Date. 
 11. Closing Date. The Closing Date is hereby extended to Wednesday, March 6, 2013. 

12. Miscellaneous. This Third Amendment may be executed in counterparts, including facsimile counterparts, each of which shall be deemed an
original, but all of which taken together shall constitute one and the same instrument. Except as specifically set forth in this Third Amendment, the Purchase Agreement shall be unmodified and shall remain in full force and effect. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 Third
Amendment to Purchase Agreement 
 Page 2 of 3 

 IN WITNESS WHEREOF, the parties have executed this Third Amendment as of the date first set
forth above. 
  

					
	SELLER:
	
	RANCON REALTY FUND V, a California limited partnership
		
	By:	 	RANCON FINANCIAL CORPORATION, a California corporation, its general partner
			
		 	By:	 	 /s/ Jeff Comerchero — Attorney-in-fact

		 		 	Daniel L. Stephenson, President
		
	By:	 	 /s/ Jeff Comerchero — Attorney-in-fact

		 	Daniel L. Stephenson, its general partner
	
	BUYER:
	
	521 EAST 11TH ST. LLC, a California limited liability company
		
	By:	 	 /s/    Robert
Hanasab        

		 	Robert Hanasab, Authorized Agent
	
	1250 FAIRFAX LLC, a California limited liability company
		
	By:	 	 /s/    Robert
Hanasab        

		 	Robert Hanasab, Authorized Agent

 First American Title Insurance Company 
 The undersigned executes this Third Amendment for the purposes of acknowledging its agreement to serve as escrow agent in accordance with the terms of this Third Amendment. 

First American Title Insurance Company 
  

			
	By:	 	 /s/ Kate MacAllister

		 	Kate MacAllister on behalf of Liz Zankich

  
 Third
Amendment to Purchase Agreement 
 Page 3 of 3EX-10.5

 Exhibit 10.5 
 FOURTH AMENDMENT TO PURCHASE AGREEMENT 
 THIS
FOURTH AMENDMENT TO PURCHASE AGREEMENT (this “Fourth Amendment”) is dated as of March 5, 2013 (the “Amendment Date”) by and among RANCON REALTY FUND V, a California limited
partnership (“Seller”), and 521 EAST 11TH ST.
LLC, a California limited liability company, and 1250 FAIRFAX LLC, a California limited liability company (together, “Buyer”). 

Recitals 

A. Seller and Buyer are parties to that certain Purchase Agreement dated as of February 13, 2013 (the “Initial
Agreement”), as amended by that certain First Amendment to Purchase Agreement dated as of February 15, 2013 (the “First Amendment”), as further amended by that certain Second Amendment to Purchase Agreement dated as of
February 27, 2013 (the “Second Amendment”) and as further amendment by that certain Third Amendment to Purchase Agreement dated as of March 1, 2013 (the “Third Amendment” and together with the Initial
Agreement, the First Amendment, and Second Amendment, the “Purchase Agreement”), whereby, upon the terms and conditions set forth therein, Seller agreed to sell and Buyer agreed to buy the Property described in the Purchase
Agreement. 
 B. Seller and Buyer Parties now desire to amend the Purchase Agreement as set forth below. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be
legally bound, the parties to this Fourth Amendment agree as follows: 
 1. Definitions. Capitalized terms used in this Fourth Amendment
shall have the meanings set forth in the Purchase Agreement, except as otherwise defined herein. 
 2. Cash Payment. Pursuant to the
Third Amendment, Buyer and Seller modified the amount of the Purchase Price to Eight Million and No/100ths Dollars ($8,000,000.00) and the amount of the Carryback Note to Four Million Eight Hundred Thousand and No/100ths Dollars ($4,800,000.00). The
amount of the Cash Payment is the difference between the Purchase Price and the Carryback Note. Accordingly, Paragraph 3(a)(iii) of the Purchase Agreement is modified to state that the Cash Payment shall be in the amount of Three Million Two Hundred
Thousand and No/100ths Dollars ($3,200,000.00). 
 3. Miscellaneous. This Fourth Amendment may be executed in counterparts, including
facsimile counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Except as specifically set forth in this Fourth Amendment, the Purchase Agreement shall be unmodified
and shall remain in full force and effect. 

  
 Fourth
Amendment to Purchase Agreement 
 Page 1 of 2 

 IN WITNESS WHEREOF, the parties have executed this Fourth Amendment as of the date first set
forth above. 
  

					
	SELLER:
	
	RANCON REALTY FUND V, a California limited partnership
		
	By:	 	RANCON FINANCIAL CORPORATION, a California corporation, its general partner
			
		 	By:	 	 /s/ Jeff Comerchero — Attorney-in-fact

		 		 	Daniel L. Stephenson, President
		
	By:	 	 /s/ Jeff Comerchero — Attorney-in-fact

		 	Daniel L. Stephenson, its general partner
	
	BUYER:
	
	521 EAST 11TH ST. LLC, a California limited liability company
		
	By:	 	 /s/    Robert
Hanasab        

		 	Robert Hanasab, Authorized Agent
	
	1250 FAIRFAX LLC, a California limited liability company
		
	By:	 	 /s/    Robert
Hanasab        

		 	Robert Hanasab, Authorized Agent

 First American Title Insurance Company 
 The undersigned executes this Fourth Amendment for the purposes of acknowledging its agreement to serve as escrow agent in accordance with the terms of this Fourth Amendment. 

First American Title Insurance Company 
  

			
	By:	 	 /s/ Liz Zankich

  
 Fourth
Amendment to Purchase Agreement 
 Page 2 of 2

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