Exhibit
10.1
FIRST AMENDMENT
TO PROPERTY MANAGEMENT
AND SERVICES
AGREEMENT
This First
Amendment to Property Management and Services Agreement
(“First Amendment”) is made and entered as of September
30, 2005, by and between Glenborough Properties, L.P., a California
limited partnership (“Glenborough”) and Rancon Realty
Fund IV, a California limited partnership
(“Rancon”).
RECITALS
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This First
Amendment is made with reference to the following facts and
objectives:
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A. Glenborough
and Rancon entered into a Property Management and Services
Agreement dated July 30, 2004 (the “Agreement’). Since
then the parties have determined that Exhibit A to the Agreement
should be modified to more clearly identify the properties subject
to the Agreement.
B. Glenborough
and Rancon now desire to modify Exhibit A to the Agreement as
hereinafter set forth.
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NOW, THEREFORE,
Glenborough and Rancon hereby agree:
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AGREEMENT
1. Exhibit
A to the Agreement is deleted and replaced with Exhibit A attached
to and incorporated into this First Amendment.
2. All
other terms, covenants, and conditions of the Agreement shall
remain in full force and effect.
This First
Amendment modifies and amends the Agreement. To the extent
there are any inconsistencies between this First Amendment and the
Agreement, the terms, covenants, and conditions of this First
Amendment shall govern.
IN WITNESS WHEREOF,
Glenborough and Rancon have executed this First Amendment as of the
date first above written.
GLENBOROUGH:
GLENBOROUGH PROPERTIES, L.P.,
a California l
