[CIK] 0000914670
[NAME]
FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT
This First Amendment to Asset Purchase Agreement (this "Agreement") is
entered into effective as of August 27, 1997 by and between Dove
Development Corporation, a Texas corporation ("Dove"), Consolidated
Financial Resources, Inc., a Texas corporation ("CFR"), Consolidated
Financial Resources/Crystal City, Inc., a Texas corporation ("CFRCCI") and
Correctional Services Corporation, a Delaware corporation ("CSC").
W I T N E S S E T H
WHEREAS, Dove, CFR, CFRCCI and CSC entered into that certain Asset
Purchase Agreement dated August 27, 1997 (the "Agreement"); and
WHEREAS, such parties desire to amend the Agreement as set forth
herein.
NOW THEREFORE, for and in consideration of a good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged,
the parties hereto agree that the Agreement is amended as follows (with all
capitalized terms not defined herein having the meaning given such terms in
the Agreement):
1. Dove has lost the certificate of title to one of the
Acquired Assets; a 1989 Ford X-000 Xxxxxxx Xxx, XXX #XX00000. Dove agrees
to obtain a replacement certificate of title and to deliver same to CSC as
soon as reasonably possible.
2. Dove has delivered to CSC a Survey of only a portion of the
Real Property. Dove agrees to deliver to CSC a Survey of the remainder of
the Real Property (the southeast quarter and northeast quarter of Block 67,
City of Xxxxxxxx) in accordance with the Agreement as soon as reasonably
possible.
3. The Purchase Price is reduced from $217,000.00 to
$167,000.00. The Schedule 2.3(c) attached hereto is hereby substituted in
its entirety for the Schedule 2.3(c) attached to the Agreement.
Except as specifically or by necessary implication amended
hereby, the Agreement shall continue in full force and effect according to
its original terms and conditions. This Amendment may be signed in
multiple counterparts, which together shall form an original document.
Facsimile transmissions of signatures to this Amendment shall be as
effective as original signatures.
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment on the day and year first above written.
DOVE DEVELOPMENT CORPORATION
By: /s/ Xxxxx Xxxxxx Xxxxxx, Xx.
Name: Xxxxx Xxxxxx Xxxxxx, Xx.
Title: President
CONSOLIDATED FINANCIAL RESOURCES, INC.
By: /s/ Xxxxx Xxxxxx Xxxxxx, Xx.
Name: Xxxxx Xxxxxx Xxxxxx, Xx.
Title: President
CONSOLIDATED FINANCIAL RESOURCES, INC.
/CRYSTAL CITY, INC.
By: /s/ Xxxxx Xxxxxx Xxxxxx, Xx.
Name: Xxxxx Xxxxxx Xxxxxx, Xx.
Title: President
CORRECTIONAL SERVICES CORPORATION
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxx X. Xxxxxxxx
Title: President
