NINTH AMENDMENT TO DEVELOPMENT SERVICES AGREEMENT
Exhibit 10.10
NINTH AMENDMENT TO DEVELOPMENT SERVICES AGREEMENT
THIS NINTH Amendment to DEVELOPMENT SERVICES AGREEMENT (“Amendment”) is made and entered into effective as of August 14, 2020 (the “Effective Date”), by and between COMMERCE BANK, a Missouri state bank and trust company (“Owner”), 8027 FORSYTH ACQUISITIONS, L.L.C., a Missouri limited liability company (“8027 Forsyth”) and U.S. CAPITAL DEVELOPMENT, LLC, a Missouri limited liability company (collectively, with 8027 Forsyth, hereinafter referred to as “Developer”).
WHEREAS, Owner and Developer are parties to that certain Development Services Agreement dated as of October 18, 2019, as amended by a First Amendment to Development Services Agreement dated as of December 23, 2019, a Second Amendment to Development Services Agreement dated as of March 12, 2020, a Third Amendment to Development Services Agreement dated as of April 30, 2020, a Fourth Amendment to Development Services Agreement dated as of May 28, 2020, a Fifth Amendment to Development Services Agreement dated as of June 11, 2020, a Sixth Amendment to Development Services Agreement dated as of July 1, 2020, a Seventh Amendment to Development Services Agreement dated as of July 17, 2020, and an Eighth Amendment to Development Services Agreement dated as of July 31, 2020 (as amended, the “Development Agreement”), whereby Owner engaged Developer to perform certain development services in connection with the development of the Commerce Project (as defined in the Development Agreement);
1.All capitalized terms not defined herein shall have the meaning given to them in the Development Agreement.
2.All references to “August 14, 2020” in Section 1.3 of the Development Agreement are hereby deleted and replaced with “August 28, 2020.”
3.Except as amended hereby, all other terms and conditions of the Development Agreement, as amended, shall remain unchanged, and shall be in full force and effect. Should any of the terms of the Development Agreement conflict with this Amendment, then the terms of this Amendment shall control. The recitals hereto are incorporated herein by reference.
4.Owner and Developer each hereby acknowledge that this Amendment may be executed in counterparts and exchanged by facsimile transmission, and that the facsimile copies of each party’s respective signature shall be binding as if the same were an original signature.
Exhibit 10.10
5.This Amendment shall inure to the benefit of and be binding on the parties hereto, their respective heirs, representatives, successors, and assigns.
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Exhibit 10.10
OWNER:
COMMERCE BANK
By: /s/ Xxxxxxx X. Xxx
Xxxxxxx X. Xxx, EVP and CFO
DEVELOPER:
8027 FORSYTH ACQUISITIONS, LLC
By: /s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx, Manager
U.S. CAPITAL DEVELOPMENT, LLC
By: /s/ Xxxxx Xxxxxxxxxx
Xxxxx Xxxxxxxxxx, Manager