EXHIBIT 10.19
[McLaren Performance Technologies, Inc. Letterhead]
September 28, 2001
EMM McLaren Investment Company, L.L.C.
0000 Xxxxxxx, Xxxxx 000
Xxxx, XX 00000
Attn: Xxxxxxx X. Xxxxxxxxxx, Manager
Gentlemen:
EMM McLaren Investment Company, L.L.C. ("EMM") and McLaren Performance
Technologies, Inc. ("McLaren") are parties to a certain McLaren Stock Option
Purchase Agreement dated August 1, 2001 (together with all Exhibits thereto, the
"Agreement"). The Agreement grants EMM the right to purchase certain Shares and
acquire Warrants on or before October 1, 2001. The parties have agreed to extend
the option periods under the Agreement and the Expiration Dates of the Warrants
by approximately 60 days.
Accordingly, the Agreement is hereby amended as follows: (a) all
references in the Agreement to October 1, 2001 shall be deemed to be December 3,
2001; (b) all references in the Agreement to October 5, 2001 shall be deemed to
be December 7, 2001; (c) all references in the Agreement to December 31, 2002
shall be deemed to be February 28, 2003; and (d) all references in the Agreement
to December 31, 2003 shall be deemed to be February 27, 2004.
Except as specifically amended in the preceding paragraph, the Agreement
shall continue in full force and effect in accordance with its terms. The terms
of this letter are hereby incorporated into the Agreement as if set forth
therein and, except as provided herein, the terms of the Agreement are hereby
incorporated herein. Unless defined herein, capitalized terms used herein shall
have the meaning set forth in the Agreement.
Please acknowledge your agreement with the foregoing by signing a copy of
this letter where indicated below returning it to my attention.
McLAREN PERFORMANCE TECHNOLGIES, INC.
By: /s/ Xxxxx Xxxxx
-----------------------------------
Xxxxx Xxxxx, Vice President
ACKNOLWEDGED AND AGREED:
EMM McLAREN INVESTMENT COMPANY, L.L.C.
By: /s/ Xxxxxxx Xxxxxxxxxx
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Xxxxxxx X. Xxxxxxxxxx, Manager
