THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS
Exhibit 10.3
THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT
AND JOINT ESCROW INSTRUCTIONS
THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this "Amendment") is entered into on the Effective Date stated below, by and between SOCIETAL CDMO GAINESVILLE, LLC, a Massachusetts limited liability company ("Seller"), and XXXXXXX HOMES, LLC, a Delaware limited liability company ("Buyer").
RECITALS:
A. Seller and Buyer entered into that certain Purchase and Sale Agreement and Joint Escrow Instructions dated August 11, 2022, as amended by that certain First Amendment to Purchase and Sale Agreement and Joint Escrow Instructions dated November 22, 2022, and that certain Second Amendment to Purchase and Sale Agreement and Joint Escrow Instructions dated January 23, 2023, (collectively, the "Contract") for certain property located in Hall County, Georgia, as more particularly described in the Contract.
X. Xxxxxx and Xxxxx desire to amend the Contract as set forth below.
AGREEMENT:
NOW, THEREFORE, for and in consideration of the covenants and agreements contained herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows:
"Buyer agrees to make its submittal for the Rezoning (which will be applied for and pursued in the order appropriate in the relevant jurisdiction) no later than June 2, 2023.
Exhibit 10.3
[Signatures commence on following page]
Exhibit 10.3
IN WITNESS WHEREOF, the parties have executed this Amendment effective as of the date of latest date set forth beside Purchaser's or Seller's signature below (the “Effective Date”).
SELLER:
SOCIETAL CDMO GAINESVILLE, LLC,
a Massachusetts limited liability company
By: /s/ Xxxx X. Xxxx
Name: Xxxx X. Xxxx
Title: CFO
Date: 4-21-2023
BUYER:
XXXXXXX HOMES, LLC,
a Delaware limited liability company
By: /s/ Xxxx Xxxxxxxxxx
Name: Xxxx Xxxxxxxxxx
Title: General Counsel
Date: 04/18/2023