EXHIBIT 10.26
THIRD AMENDMENT TO REAL ESTATE SALE AND
PURCHASE AGREEMENT
THIS THIRD AMENDMENT TO REAL ESTATE SALE AND PURCHASE AGREEMENT (this
"Amendment") is made as of the 24th day of June, 2002, by and between XXXXXXX
X. XXXXX, an individual and resident of the State of Tennessee (hereinafter
referred to as the "Seller"), and XXXXXX X. XXXXX, an individual and resident of
the State of Florida ("hereinafter referred to as "Purchaser").
W I T N E S S E T H T H A T:
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WHEREAS, Purchaser and Seller are parties to that certain Real Estate
Sale and Purchase Agreement dated April 16, 2002, as amended by that certain
Amendment to Purchase and Sale Agreements dated April 16, 2002, and as further
amended by that certain Second Amendment to Purchase and Sale Agreement dated as
of April 23, 2002 (as amended, the "Agreement"), with respect to certain real
property located in Xxxxxx County, Tennessee, as more particularly described in
the Agreement; and
WHEREAS, Purchaser and Sellers desire to further modify and amend the
Agreement in certain respects;
NOW, THEREFORE, for and in consideration of the premises and other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Purchaser and Sellers hereby agree as follows:
1. Defined Terms. All terms used in this Amendment with an
initial capital letter which are not otherwise defined herein shall have the
meanings given to such terms in the Agreement.
2. Purchase Price. From and after the date hereof, the Agreement
is hereby amended by deleting Section 3 in its entirety and inserting the
following in lieu thereof: "In consideration for the Property, Purchaser shall
pay to Seller the sum of Six Hundred Thousand and No/100 Dollars ($600,000.00)
as follows: (a) at Closing, Purchaser shall deliver to Seller a total of
Eighty-Three Thousand Three Hundred Thirty-Five (83,335) shares of Oasis Group,
Inc. common stock held by Purchaser, and (b) assume the existing indebtedness in
the amount of Five Hundred Thousand and No/100 Dollars ($500,000.00) in favor of
First National Lenoir City."
3. Ratification. Except as expressly modified hereby, the
Agreement shall remain unamended and in full force and effect and is hereby
ratified and confirmed by the parties hereto.
4. Counterparts. This Amendment may be executed in multiple
counterparts, each of which shall constitute an original and all of which taken
together shall constitute one and the same instrument.
[SIGNATURES APPEAR ON FOLLOWING PAGE]
IN WITNESS WHEREOF, Purchaser and Seller have entered into this
Amendment as of the day and year first above written.
PURCHASER:
/s/ Xxxxxx X. Xxxxx (SEAL)
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XXXXXX X. XXXXX
Date of Execution:
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SELLER:
/s/ Xxxxxxx X. Xxxxx (SEAL)
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XXXXXXX X. XXXXX
Date of Execution:
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