November 12, 2004 Via Facsimile: 847/933-1587 DMCB, LLC
Exhibit 10.2
November 12, 2004
Via Facsimile: 847/933-1587
DMCB, LLC
0000 Xxxx Xxxx
Xxxxxx, Xxxxxxxx 00000
Attention: Xx. Xxx Stratievski, Manager
Re: 000 Xxxx Xxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx (the "Property")
Dear Mr. Stratievski:
As you know, Xxxx Xxxxxx Bank (the "Bank") and Arbor Acquisitions, Inc., an Illinois corporation, as nominee of DMCB, LLC, are parties to that certain Master Agreement relating to the Property (the "Master Agreement"), which Master Agreement has an Effective Date of September 28, 2004.
The Due Diligence Period described in the Master Agreement expires today, November 12, 2004. The purpose of this letter is to extend the expiration of the Due Diligence Period through next Thursday, November 18, 2004. Additionally, the second deposit of xxxxxxx money shall be due on November 19, 2004.
Except as specifically provided in this letter, the terms and conditions of the Master Agreement are hereby confirmed, ratified and approved in their entirety and shall continue in full force and effect.
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If you are in agreement with the terms of this letter, please countersign below and return a fully-executed letter to Xxx Xxxx at 847/653-7864, with a copy to Xxxx Xxxxxxxxxxx at 312/840-8751.
Regards,
Xxxx Xxxxxx Bank,
an Illinois banking corporation
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By: |
/S/ XXXXXX XXXX |
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Xxxxxx Xxxx |
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Senior Vice President -- Corporate Services |
Agreed to and accepted as of this 12th day of November, 2004.
Arbor Acquisitions, Inc., an Illinois corporation
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By: |
/S/ XXXXX XXXXXXXXXXX |
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Name: |
Xxxxx Xxxxxxxxxxx |
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Its: |
Vice President |
cc: Xxxx X. Xxxxxxxxxxx (via facsimile: 312/840-8751)
Xxxxxxx Xxxxxxxx (via facsimile: 847/673-4561)
