Exhibit 10.2
AMEN PROPERTIES, INC.
000 X. Xxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
May 19, 2006
Priority Power Management I, L.L.C.
000 Xxxx Xxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Priority Power Management Dallas, LLC
000 Xxxx Xxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Re: Securities Purchase Agreement by and among the Partners of Priority
Power Management, Ltd. and PPM Dallas, Ltd., as Sellers, and Amen
Properties, Inc. and NEMA Properties, LLC, as Buyers, dated as of May
18, 2006 (the "Agreement")
Gentlemen:
Pursuant to Section 3.1 of the Agreement, Amen Properties, Inc. and
NEMA Properties, LLC, as Buyers under the Agreement, hereby notify you, as the
General Partners, that the Buyers have exercised their right to extend the
Closing Date under the Agreement from May 19, 2006 to May 25, 2006, subject to
the Buyers' right to further extend the Closing Date pursuant to the terms of
the Agreement. Capitalized terms used but not defined herein shall have the
meanings assigned thereto in the Agreement.
Please acknowledge your receipt of this notice and the extension of the
Closing Date set forth herein by executing this letter where indicated below and
promptly returning the same to Amen Properties, Inc.
Very truly yours,
AMEN PROPERTIES, INC.
By:
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Name:
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Title:
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NEMA PROPERTIES, LLC
By:
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Name:
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Title:
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[Additional Signatures on Following Page]
Priority Power Management I, L.L.C.
Priority Power Management Dallas, LLC
May 19, 2006
Page 2
ACKNOWLEDGED, CONFIRMED AND AGREED as of the date set forth above:
PRIORITY POWER MANAGEMENT I, L.L.C.
By:
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Name:
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Title:
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PRIORITY POWER MANAGEMENT DALLAS, LLC
By:
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Name:
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Title:
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