SECOND AMENDMENT TO PURCHASE AGREEMENT
SECOND
AMENDMENT TO PURCHASE AGREEMENT
This Second Amendment to Purchase
Agreement (“Second Amendment”) entered into as of March 25, 2009 by and between
BLUE EARTH SOLUTIONS TENNESSEE, Inc., a Tennessee corporation (“Purchaser”) and
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA, New York corporation,
successor by merger to Berkshire Life Insurance Company, a Massachusetts
corporation (“Seller”);
WITNESSETH:
WHEREAS, Seller and Purchases
entered into that certain Purchase and Sale Agreement, effectively dated January
8, 2009 (the “Contract”) and extended the Contract pursuant to an Amendment to
Purchase Agreement entered into as of February 12, 2009 (the “First Amendment”),
and
WHEREAS, Purchaser and Seller
desire to continue with the Contract subject to the changes thereto hereinafter
set forth;
NOW, THEREFORE, for and in
consideration of the premises hereof and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Purchaser and Seller do hereby covenant, stipulate and agree as
follows:
1.
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Closing
Date: Seller and Purchaser agree and recognize that the
Closing date for this transaction shall be on or before April 30,
2009.
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2.
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All
other terms and conditions set forth in the Agreement shall remain in full
force and effect.
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3.
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This
Second Amendment may be executed in multiple counterparts, each of which
shall be deemed an original.
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4.
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The
Agreement, as modified herein, is hereby ratified and confirmed by the
parties as binding upon each of them and enforceable against them in
accordance with its terms and
conditions.
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IN WITNESS WHEREOF, the
parties have executed this Amendment to Purchase and Sale Agreement as of the
date set forth above.
PURCHASER:
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BLUE
EARTH SOLUTIONS, TENNESSEE, INC., a Tennessee
Corporation
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By: |
/s/Xxxxx
Xxxxx
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Name: |
Xxxxx
Xxxxx, Jr.
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Title: |
Vice
President
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SELLER:
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THE
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA, a New York corporation,
successor by merger to Berkshire Life Insurance Company, a Massachusetts
corporation
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By: |
/s/Xxxxxx
LoPascio
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Name: |
Xxxxxx
LoPascio
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Title: |
Senior
Director
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