FIRST AMENDMENT
TO
PURCHASE AGREEMENT
THIS AMENDMENT made and entered into this 27th day of
April, 1999, (effective April 26, 1999), by and between AEI
FUND MANAGEMENT, INC., a Minnesota corporation, ("AEI") and
NOM Muscle Shoals, Ltd., an Alabama limited partnership,
("Seller");
WITNESSETH, that:
WHEREAS, on the 19th day of April 1999 the parties
hereto executed a Purchase Agreement ("Agreement"), and
WHEREAS, AEI and Seller have agreed to amend certain
terms and conditions of said Agreement as hereinafter
provided;
NOW, THEREFORE, for One Dollar ($1.00) and other good
and valuable consideration, receipt of which is hereby
acknowledged, it is hereby agreed between the parties as
follows:
1.Article 4 of the Agreement is amended to provide for
a purchase price of one million three hundred
fifteen thousand three hundred ten dollars
($1,315,310.00).
2.The following sentence is added to the end of
Article 9: "Seller shall pay to Buyer at closing
the amount of thirty-eight thousand three hundred
ten dollars as reimbursement of Buyer's overhead
expenses."
3.Article 17 is amended by deleting Seller's former
address and telephone number and by adding Seller's
current address and telephone number, which is
Xxxxxx Xxxxxxx XxXxxxxx; 0000 Xxxxx Xxxxx Xxxxxxx
Xxxxx, Xxxxx 000; Xxxxxxxxx, Xxxxxxxxx 00000;
Attention: Xxxx XxXxxxxx; Phone: 000-000-0000
EXCEPT AS SPECIFICALLY SET FORTH ABOVE all other terms
and conditions of said Agreement shall remain unchanged and
in full force and effect.
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IN WITNESS WHEREOF, Seller and Buyer have executed this
amendment to the Agreement effective as of the day and year
above first written.
SELLER: WITNESS:
NOM Muscle Shoals, Ltd. By: /s/ XX Xxxx III
By: Corporate General, Inc.,
its sole general partner Print: XX Xxxx III
By: /s/ Xxxxxxx X Xxxxxxx
Xxxxxxx X. Xxxxxxx
Its: Vice President
BUYER: WITNESS:
AEI FUND MANAGEMENT, INC. By: /s/ Xxxxxx X Xxxxxxx
By: /s/ Xxxxxx X Xxxxxxx Print: Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx
Its: President