FIRST AMENDMENT TO ESCROW SERVICES AGREEMENT
Exhibit 8(b)
FIRST AMENDMENT TO
This
First Amendment (this “Amendment”) to Escrow Services
Agreement (this “Agreement”) is made and entered into
as of August 29, 2019, by and between UMB Bank, N.A., in its
capacity as escrow agent (“UMB”), Red Oak Capital Fund
III, LLC (“Issuer”), and Crescent Securities Group Inc.
(“Broker,” and together with UMB and Issuer, the
“Parties”).
RECITAL
WHEREAS,
the Parties entered into the Agreement on July 30, 2019 and desire
to amend the Agreement as set forth below.
AMENDMENT
NOW,
THEREFORE, for and in consideration of the mutual covenants
contained in this Amendment and other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:
1.
Section 2(b) is
hereby deleted in its entirety and replaced with the
following:
b.
The end of the day
which is ninety (90) days following the qualification by the SEC of
the Issuer’s Offering Statement related to the Offering (the
“Minimum Termination Date”);
2. This Amendment
shall be deemed to amend the Agreement and, to the extent of any
conflict therewith, supersedes the provisions thereof. All
remaining terms and conditions of the Agreement not modified by
this Amendment shall remain in full force and effect, and the
Parties hereby ratify and confirm the Agreement, as hereby amended,
in all respects.
3. The laws of the
State of Delaware shall govern the validity of this First Amendment
and the construction and interpretation of its terms.
[Signatures
on Following Page]
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IN
WITNESS WHEREOF, the Parties have executed this Amendment as of the
date first written above.
Issuer:
/s/ ▇▇▇▇▇
▇▇▇▇▇▇▇▇
By: ▇▇▇▇▇
▇▇▇▇▇▇▇▇
Title: CFO
Escrow Agent: UMB Bank, N.A.
/s/ ▇▇▇▇ ▇.
▇▇▇▇▇▇▇
By: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President
Broker: Crescent Securities Group, Inc.
/s/ ▇▇▇▇
▇▇▇▇▇
By: ▇▇▇▇ ▇▇▇▇▇
Title: President
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