FIRST AMENDMENT TO REAL ESTATE PURCHASE CONTRACT
Exhibit 10.3
FIRST AMENDMENT TO REAL ESTATE PURCHASE CONTRACT
This First Amendment to Real Estate Purchase Contract (“Amendment”), is entered into and made effective as of September 7, 2018 by and between MAIN STREET KINGWOOD, LTD. (“Seller”), and THRE GLOBAL INVESTMENTS, LLC (“Purchaser”, and collectively with Seller, herein referred to as the “Parties”).
WITNESSETH
WHEREAS, Seller and Purchaser entered into that certain Real Estate Purchase Contract dated effective as of August 10, 2018 (the “Contract”); and
WHEREAS, Seller and Purchaser desire to amend the Contract as more fully set forth below.
NOW THEREFORE, in consideration of the foregoing recitals, the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency which is hereby acknowledged, the Parties hereto hereby agree as follows:
1. The foregoing recitals are true and correct and are incorporated herein by reference.
2. The defined term of “Due Diligence Period” as set forth in Section 5 of the Contract is hereby amended to mean “the period from the Contract Date through 5:00 P.M. Central on September 21, 2018” such that the expiration of the Due Diligence Period shall be 5:00 P.M. Central on September 21, 2018.
3. Except as modified by this Amendment, the terms and conditions of the Contract are hereby ratified and confirmed by the Seller and the Purchaser. In the event of a conflict between the terms of the Contract and the terms of this Amendment, the terms of this Amendment shall govern. All defined terms used in this Amendment shall have the meaning assigned to them in the Contract unless otherwise expressly set forth herein.
4. For the convenience of the Parties, this Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document. Signature pages may be detached from the counterparts and attached to a single copy of this Amendment to physically form one document. Email transmissions of any executed original and/or retransmission of any executed email transmission shall be deemed to be the same as delivery of an executed original. At the request of any party hereto, the other parties hereto shall confirm email transmissions by executing duplicate original documents and delivering the same to the requesting party or parties.
[SIGNATURES ON FOLLOWING PAGES]
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IN WITNESS WHEREOF, the undersigned have executed under seal this Amendment as of the date first above written.
PURCHASER: | ||
THRE GLOBAL INVESTMENTS, LLC | ||
By: | /s/ Xxxxxx Xxxxx | |
Name: | Xxxxxx Xxxxx | |
Title: | Sr. Associate |
[SIGNATURE OF SELLER ON FOLLOWING PAGE]
[Signature Page to First Amendment to Real Estate Purchase Contract]
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SELLER: | ||||
MAIN STREET KINGWOOD, LTD., a Texas limited partnership | ||||
By: | Main Street Kingwood GP, LLC, a Texas limited liability company, General Partner | |||
By: | /s/ Xxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxx Xxxxx | |||
Title: | Vice President |
[Signature Page to First Amendment to Real Estate Purchase Contract]
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