FIRST AMENDMENT TO CONTRACT
Exhibit 10.1.2
FIRST AMENDMENT TO CONTRACT
Amendment made as of the 7th day of August, 2015 (this “Amendment”) between Xxxx Lakes Realty, LLC, a Delaware limited liability company, having an office c/o Sentinel Real Estate Corporation, 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("Seller") and Biynah Industrial Partners, LLC, a Minnesota limited liability company, having an office at 000 X. 0xx Xxxxxx, Xxxxx 0000, Xxxxxxxxxxx, Xxxxxxxxx 00000 (“Buyer").
RECITALS:
A. Seller and Buyer have entered into a Contract (the “Contract”) dated July 20, 2015 to sell and purchase that certain tract or parcel of land located at 000 Xxxx Xxxxx, Xxxx Xxxxx (Xxxxx Xxxxxx), Xxxxxxxxx 00000.
B. Buyer and Seller wish to amend the Contract, as specified below.
NOW, for and in consideration of mutual covenants, Buyer and Seller hereby agree as follows:
1. The Decision Date, as defined in the Contract, shall be August 12, 2015.
2. The Contract, as expressly modified by this Amendment, shall continue in full force and effect in accordance with its terms. Where the terms of the Contract and the terms of this Amendment conflict, the terms of this Amendment shall govern. All capitalized terms not otherwise defined in this Amendment shall have the meanings given such terms in the Contract.
3. This Amendment may be executed by facsimile or electronic mail signatures in multiple counterparts, and by the parties hereto on separate counterparts, and each counterpart, when so executed and delivered (whether by facsimile, electronic mail or otherwise), shall constitute an original agreement, and all such separate counterparts shall constitute one and the same agreement.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
SELLER: |
XXXX LAKES REALTY, LLC, | |
a Delaware limited liability company | ||
By: | SBP Manager, Inc., | |
a Delaware corporation, its Manager | ||
By: ___________________________ | ||
Name: Xxxxxx X. Xxxxxx | ||
Title: Vice President | ||
Tax I.D. No.: 00-0000000 | ||
BUYER: | BIYNAH INDUSTRIAL PARTNERS, LLC, | |
a Minnesota limited liability company, | ||
By: ________________________ | ||
Name: Xxxx Xxxxxxx | ||
Title: Managing Principal | ||
Tax I.D. No.: _________________ |
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