AMENDMENT TO THE ESCROW AGREEMENT
Exhibit 8.1(b)
AMENDMENT TO THE ESCROW AGREEMENT
This Amendment to the Escrow Agreement (this “Amendment”) is entered into as of 4/6/2021 by North Capital Private Securities (“Escrow Agent”), Dalmore Group LLC (“Broker”) and Commonwealth Thoroughbreds LLC, Series OL2018 (“Issuer”). NCPS, Broker, and the Issuer are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.
WHEREAS:
A. The Parties heretofore entered into that certain Escrow Agreement dated as of March 8, 2021. Capitalized terms used herein without definition have the meaning set forth in the Escrow Agreement.
B. Exhibit A of the Escrow Agreement set the Minimum Offering Amount to be $110,000.
C. The Parties desire to amend the Escrow Agreement and set the Minimum Offering Amount to be $80,000 (which includes offline investments and $10,000 contributed by Commonwealth Markets, Inc., in lieu of payment of $10,000 of the outstanding principal on a promissory note payable from the proceeds of the Offering).
NOW, THEREFORE, the Parties hereby agree as follows:
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Amendment. The Minimum Offering Amount is hereby amended and set at $80,000 (which includes offline investments and $10,000 contributed by Commonwealth Markets, Inc., in lieu of payment of $10,000 of the outstanding principal on a promissory note payable from the proceeds of the Offerinf). This Amendment may be executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof each signed by less than all, but together signed by the Parties. |
[Signature Pages Follow]
Issuer: Commonwealth Thoroughbreds LLC, Series OL2018
By:/s/ Xxxxx Xxxxxxxx
Name: Xxxxx Xxxxxxxx
Title: CEO
Broker: Dalmore Group LLC
By:/s/ Xxxx Xxxxxx
Name: Xxxx Xxxxxx
Title: Chairman
Escrow Agent: North Capital Private Securities Corporation
By:/s/ Xxxxxx Xxxxxxxx
Name: Xxxxxx Xxxxxxxx
Title: Managing Director
