EXHIBIT 10.16(b)
THIS FORM AS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL
AND TAX OR OTHER COUNSEL BEFORE SIGNING.
AGREEMENT TO AMEND/EXTEND CONTRACT
Date: April 19, 2002
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RE: Contract dated January 29, 2002 between
Xxxxx Xxxxx
AspenBio, Inc.
(Buyer) and
Urban Group, LLC, a Colorado limited liability company
(Seller), relating to the sale and purchase of the following described real
estate in the County of Xxxxxxx, Colorado:
Xxx 0, Xxxxxxxxx Xxxxxxxx, Xxxxxx, Filing #5
Town of Castle Rock, County of Xxxxxxx, State of Colorado
State of Colorado
Final Plat to be recorded the week of April 16 - 19, 2002, prior to
closing.
known as No.
XXX Xxxxx Xxxxx Xxxxxx. Xxxxxx Xxxx, XX 00000, (property).
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Street Address City State Zip
Buyer and Seller hereby agree to amend the aforesaid contract as follows:
Section 2c. Dates and Deadlines.
Item No. Reference Event Date or Deadline
-------- -------------- ----------------------------------------------------- ----------------
1 Section 5a Loan Application Deadline n/a
2 Section 5b Loan Commitment Deadline n/a
3 Section 5c Buyer's Credit Information Deadline n/a
4 Section 5c Disapproval of Buyer's Credit Deadline n/a
5 Section 5d Existing Loan Documents Deadline n/a
6 Section 5d Objection to Existing Loan Deadline n/a
7 Section 5d Approval of Loan Transfer Deadline n/a
8 Section 6a Appraisal Deadline n/a
9 Section 7a Title Deadline n/a
10 Section 7a Survey Deadline n/a
11 Section 7b Document Request Deadline n/a
12 Section 7c,
Section 8a Governing Documents & Title Objection Deadline n/a
13 Section 8b Off-Record Matters Deadline n/a
14 Section 8b Off-Record Matters Objection Deadline n/a
15 Section 8e Right Of First Refusal Deadline n/a
16 Section 10 Seller's Property Disclosure Deadline n/a
17 Section 10a Inspection Objection Deadline n/a
18 Section 10b Resolution Deadline n/a
19 Section 11 Closing Date n/a
20 Section 16 Possession Date n/a
21 Section 16 Possession Time n/a
22 Section 28 Acceptance Deadline Date n/a
23 Section 28 Acceptance Deadline Time n/a
Other dates or deadlines set forth in said contract shall be changed as follows:
n/a
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Additional amendments:
1. XXXXXXX MONEY. The Xxxxxxx Money Promissory Note in the amount of $50,000.00
shall be redeemed by the Purchaser, by April 19, 2002.
2. ASSIGNMENT. This contract shall be assigned to AspenBio, Inc., Xxxxx Xxxxx,
President.
3. PURCHASE PRICE ADJUSTMENT. The final price of the lot shall be based upon an
ALTA/ACSM Land Title Survey dated February 26, 2002 and shall be $5.00 per
square foot. The revised total price shall be $655,578.00.
All other terms and conditions of said contract shall remain the same.
This proposal shall expire unless accepted in writing, by Buyer and Seller, as
evidenced by their signatures below, and the offering party receives notice of
acceptance on or before _________ _________.
Urban Group, LLC
a Colorado limited liability company
SELLER'S SIGNATURE Date
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By: Xxx Xxxxxx, President
BUYER'S SIGNATURE Date
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Xxxxx Xxxxx, President
AspenBio, Inc.
BUYER'S SIGNATURE Date
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By: Xxxxx Xxxxx, President
