Attached files

file filename
10-Q - FORM 10-Q - KBS Legacy Partners Apartment REIT, Inc.d10q.htm
EX-10.6 - FOURTH AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE OF PROPERTY - KBS Legacy Partners Apartment REIT, Inc.dex106.htm
EX-10.8 - SIXTH AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE OF PROPERTY - KBS Legacy Partners Apartment REIT, Inc.dex108.htm
EX-10.4 - SECOND AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE OF PROPERTY - KBS Legacy Partners Apartment REIT, Inc.dex104.htm
EX-10.2 - AGREEMENT FOR SALE AND PURCHASE OF PROPERTY - KBS Legacy Partners Apartment REIT, Inc.dex102.htm
EX-10.5 - THIRD AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE OF PROPERTY - KBS Legacy Partners Apartment REIT, Inc.dex105.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - KBS Legacy Partners Apartment REIT, Inc.dex321.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - KBS Legacy Partners Apartment REIT, Inc.dex322.htm
EX-10.7 - FIFTH AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE OF PROPERTY - KBS Legacy Partners Apartment REIT, Inc.dex107.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - KBS Legacy Partners Apartment REIT, Inc.dex311.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - KBS Legacy Partners Apartment REIT, Inc.dex312.htm
EX-10.1 - ASSIGNMENT AND ASSUMPTION OF AGREEMENT FOR SALE AND PURCHASE OF PROPERTY - KBS Legacy Partners Apartment REIT, Inc.dex101.htm

 

Exhibit 10.3

FIRST AMENDMENT TO

AGREEMENT FOR SALE AND PURCHASE OF PROPERTY

This First Amendment to Agreement for Sale and Purchase of Property (the “Amendment”) is made and entered into effective as of the 25th day of May, 2010, by and between DAKOTA HILL PROPERTIES, A TEXAS LIMITED PARTNERSHIP (“Seller”), and KBS REALTY ADVISORS, LLC, a Delaware limited liability company (“Buyer”).

A.        Buyer and Seller entered into that certain Agreement for Sale and Purchase of Property dated as of the 31st day of March, 2010, (the “Agreement”). Capitalized terms used but not defined in this Amendment shall have the meanings assigned to such terms in the Agreement. Subject to the terms set forth in the Agreement, Buyer has agreed to purchase the Property from Seller.

B.        Buyer and Seller desire to and hereby amend the Agreement on all of the terms, provisions and conditions contained herein.

In consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:

1.        Section 6.3 of the Agreement shall be amended to provide that the Inspection Date shall be the 15th day of June, 2010.

2.        This Amendment is integrated into and made a part of the Agreement. Except as specifically otherwise specifically provided herein, all other terms and conditions of the Agreement, as hereby amended, are ratified and confirmed and shall remain unchanged and in full force and effect. In the event of any conflict between this Amendment and the Agreement, the terms and conditions of this Amendment shall govern and control. Seller and Buyer have obtained any and all necessary consents and/or approvals prior to executing this Amendment. This Amendment may be executed in multiple counterparts, which when taken together shall constitute one and the same instrument. Executed counterparts of this Amendment transmitted by facsimile or email shall bind the party so signing with the same effect as though the signature were an original signature.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the day and year first written above.

 

Seller:
DAKOTA HILL PROPERTIES, A TEXAS LIMITED PARTNERSHIP
By:   DAKOTA IRET, Inc., a Texas corporation, its general partner
  By:   /s/ Diane K. Bryantt
    Print Name: Diane K. Bryantt
    Print Title: Vice President
  By:   /s/ Thomas A. Wentz, Jr.
    Print Name: Thomas A. Wentz, Jr.
    Print Title: Vice President
Buyer:
KBS REALTY ADVISORS, LLC, a Delaware limited liability company
By: /s/ Charles J. Schreiber, Jr.
Print Name: Charles Schreiber
Print Title: Chief Executive Officer