SECOND AMENDMENT TO CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE
Exhibit 10.3
SECOND AMENDMENT TO CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE
THIS SECOND AMENDMENT TO CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE (this “Amendment”) is made as of the 13th day of October, 2003 (the “Effective Date”) by and between The Xxxxxx Manufacturing Company, Inc., an Indiana corporation (“Seller”), and Structural Systems, Inc., a Maryland corporation (“Purchaser”).
RECITALS:
A. Purchaser and Seller are parties to a certain Contract for Purchase and Sale of Real Estate made and entered into as of April 16, 2003, as amended by a certain Amendment to Contract for Purchase of Real Estate dated as of August 14, 2003 (together, the “Contract”).
B. The Diligence Period under the Contract will expire on October 13, 2003. Purchaser and Seller wish extend the Diligence Period for an additional two (2) days, solely with respect to Purchaser’s Tests and Studies regarding the environmental condition of the Real Estate.
NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements set forth below, Purchaser and Seller hereby agree as follows:
1. Paragraph 4 of the Contract is hereby amended to extend the Diligence Period, solely as it relates to Purchaser’s Tests and Studies regarding the environmental condition of the Real Estate, for an additional two (2) days, such that Purchaser’s Diligence Period with respect to its Tests and Studies regarding the environmental condition of the Real Estate shall expire on October 15, 2003. Purchaser acknowledges and agrees that, except for its Tests and Studies regarding the environmental condition of the Real Estate, Purchaser has completed and is satisfied with its due diligence regarding the Real Estate and with the results of its Tests and Studies regarding the Real Estate.
2. The recitals set forth above are hereby incorporated into this Amendment by reference. Except as specifically amended or modified pursuant to this Amendment, the terms of the Contract shall remain in full force and effect. This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute one and the same instrument. Facsimile signatures of the parties on this Amendment shall be effective as original signatures. This Amendment shall not be effective until it has been signed by both parties. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings set forth in the Contract.
IN WITNESS WHEREOF, Purchaser and Seller have caused their duly authorized representatives to execute this Amendment as of the Effective Date set forth above.
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"PURCHASER" Structural Systems, Inc. By: /s/ XX Xxxxxxxxxx Printed: Xxxxxxxx X. Xxxxxxxxxx Its: CFO |
"SELLER" The Xxxxxx Manufacturing Company, Inc. By: /s/ Xxxxx X. Xxxxxxxxxx Printed: Xxxxx X. Xxxxxxxxxx Its: CFO |
