PS Business Parks Inc/CA – ‘10-Q’ for 6/30/98 – EX-10.3

As of:  Friday, 8/14/98   ·   For:  6/30/98   ·   Accession #:  866368-98-24   ·   File #:  1-10709

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      27    145K 
 2: EX-10.1     Exhibit to Form 10-Q                                  53±   195K 
 3: EX-10.2     Exhibit to Form 10-Q                                  18±    80K 
 4: EX-10.3     Exhibit to Form 10-Q                                   2±     9K 
 5: EX-10.4     Exhibit to Form 10-Q                                   9     29K 
 6: EX-10.5     Credit Agreement                                      83    359K 
 7: EX-27       FDS --Financial Data Schedule                          1      7K 

EX-10.3   —   Exhibit to Form 10-Q

                                                                  Exhibit 10.3

COX, CASTLE & NICHOLSON LLP                                                     
2049 CENTURY PARK EAST                                                          
TWENTY-EIGHTH FLOOR                                                             
LOS ANGELES, CALIFORNIA 90067-3284                                              
TELEPHONE (310) 277-4222                                                        
FACSIMILE (310) 277-7889                                                        

May 20, 1998

VIA FACSIMILE                                                                   

David Goldberg, Esq.                                                            
American Office Park Properties, Inc.                                           
701 Western Avenue, Suite 200                                                   
Glendale, California 91201                                                      

Re:      PS Business Parks, Inc./Acquiport Two Corporation    

Dear Dave:                                                                      

 This letter is in reference to that certain Registration Rights
Agreement made and entered into as of March 17, 1998 by and between PS Business 
Parks, Inc., a California corporation (the "Company") and Acquiport Two         
Corporation, a Delaware corporation (the "Holder"). Terms not otherwise defined 
herein shall have the meaning contained in the Registration Rights Agreement.   

        This will confirm our understanding that the provisions of Section 5.4
of the Registration Rights Agreement become effective on and after one year     
after the date of the Registration Rights Agreement, i.e., March 17, 1999.      

 This will also confirm our understanding and agreement that the
registered shares to be acquired by Holder on or about May 20, 1998 from Bank of
America, which are available as a result of a "spot offering" by Company on May 
20, 1998 (the "Bank of America Sale"), shall enjoy the benefits described in    
Section 5 of the Registration Rights Agreement applicable to Registrable Shares.

David Goldberg, Esq.                                                            
May 20, 1998                                                                    
Page 2                                                                          

      This will finally confirm our agreement that the parties will, after
the date hereof, memorialize the agreements contained in this letter by         
execution of appropriate documentation by the Company and Holder.               

         To indicate your agreement with the foregoing, please execute a copy of
this letter in the space provided below, and return it to me by telecopy.       

Please call me if you have any comments or questions.         

               Very truly yours,

              /s/ AMY H. WELLS

          Amy H. Wells

/s/ DAVID GOLDBERG                                                              
----------------------------------                                              
David Goldberg, Esq.                                                            

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
		3/17/99
Filed on:		8/14/98
For Period End:		6/30/98
		5/20/98		8-K
		3/17/98		8-K
				List all Filings

6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/22/22  PS Business Parks, Inc./MD        10-K       12/31/21   64:18M
 2/22/22  Public Storage                    10-K       12/31/21   90:13M
 5/20/21  PS Business Parks, Inc./MD        POSASR      5/20/21    4:649K                                   Donnelley … Solutions/FA
 3/09/21  PS Business Parks, Inc./MD        S-3ASR      3/09/21    6:1.5M                                   Donnelley … Solutions/FA
 2/24/21  Public Storage                    10-K       12/31/20   86:26M                                    Certent, Inc./FA
 2/23/21  PS Business Parks, Inc./MD        10-K       12/31/20   65:26M