EX-99.(B)(11) 12 l85867aex99-b11.txt EXHIBIT (B)(11) 1 Exhibit (b)(11) RADIANT VENTURES I, LLC c/o Radiant Partners, LLC 1212 Avenue of the Americas New York, NY 10036 November 17, 2000 Ms. Lori M. Humphreys General Electric Capital Real Estate 125 Park Avenue New York, NY 10017 RE: 201 West Madison Avenue Chicago, Illinois ----------------- Dear Lori: Reference is made to the letter of October 18,2000 wherein Watch Holdings, LLC agreed to the transfer of ownership interest in Radiant Ventures I, LLC. This letter is intended to and shall modify paragraph 21 of your October 18, 2000 letter. Please confirm that your consent to the transfer of the membership interests in the Borrower shall, subject to the requirements of your October 18, 2000 letter, be effective through and including January 31, 2001. If you are in agreement with the foregoing, please execute this letter on the space provided below and return it to the undersigned. Very truly yours, RADIANT VENTURES I, LLC By: Radiant Investors, LLC By: /s/ David Schonberger ------------------------------ Name: David Schonberger Title: Managing Member cc: Andrew W. Albstein, Esq. ACCEPTED AND AGREED: Watch Holdings, LLC by: General Electric Capital Real Estate, its Authorized Signatory By: /s/ Lori M. Humphreys ------------------------------------ Name: Lori M. Humphreys Title: Authorized Signatory Page 1