Exhibit 10.9
November 19, 0000
XXX XXXXXXXXX
X.X. Xxxxxxx Xxxxxx Ltd.
0000 X. Xxxxxxxxx Xxxx
Xxxxxxx, Xxxxxxxx 00000
Re: Letter Agreement
Gentlemen:
This letter agreement (this "Letter Agreement") is delivered to U.S.
PLASTIC LUMBER LTD., a Delaware corporation (the "Company"), in connection with
that certain Option to Purchase, dated as of March 4, 2004, entered into by and
between 2600 ROOSEVELT ASSOCIATES, L.L.C., an Illinois limited liability company
("2600"), and the Company (the "Option Agreement"). Capitalized terms used but
not defined in this Letter Agreement shall have the meanings given to them in
the Option Agreement.
The Company has requested that 2600 agree to extend the Option Period
for an additional thirty (30) days. The Company and 2600 do hereby agree that
the Option Period shall be extended from March 4, 2005 to April 4, 2005.
This Letter Agreement may be executed in one or more counterparts, each
of which shall be deemed an original but all of which together shall constitute
one and the same instrument. Facsimile signature hereon shall be deemed original
signatures.
[SIGNATURES FOLLOW]
Please sign below to indicate your agreement to all of the above and
return a fully executed copy of this Letter Agreement to me.
Sincerely,
2600 Roosevelt Associate, L.L.C.
/s/ Xxxx Xxxxxxxxx
--------------------------------------------
By: Xxxx Xxxxxxxxx,
a member of 2600 Roosevelt Associates, L.L.C.
AGREED TO AND ACCEPTED THIS 19TH DAY OF NOVEMBER, 2004 BY:
"COMPANY"
U.S. Plastic Lumber, Ltd.,
a Delaware corporation
/s/ Xxxxxx X. Xxxxx
---------------------------------------------
By: Xxxxxx X. Xxxxx
Its: Asst. Treasurer
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