Amendment and Extension Agreement to Vacant Land Contract between Calais Resources, Inc. and Estate of John W. Snyder

Contract Categories: Business Finance › Modification Agreements
Summary

Calais Resources, Inc. and the Estate of John W. Snyder have agreed to amend and extend their original contract for the purchase and sale of vacant land. Under this agreement, Calais Resources will deposit an additional $10,000 as earnest money with the title company, which will also count as partial payment for the property. The closing date for the transaction is extended to December 2, 2005.

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EX-10.27 14 exh10-27.htm exh10-27.htm
 
 
 
 
 
 
 
 
EXHIBIT 10.27
 
 
 
 
 
 
 
 
 

 
 
 
 



 
AMENDMENT AND
EXTENSION AGREEMENT

 
This Amendment and Extension Agreement is made as of the 10th day of November, 2005, by and between Calais Resources, Inc., Buyer, and the Estate of John W. Snyder, Seller, to amend and extend that certain Vacant Land Contract to Buy and Sell Real Estate dated September 21, 2005 as follows:
 
In consideration of the Buyer depositing with the Title Company $10,000 an additional earnest money and as partial payment of the property, the parties agree to extend the closing to December 2, 2005.
  CALAIS RESOURCES, INC.  
       
 
By:
/s/ Tom Hendricks  
    Tom Hendricks, President and CEO  
       
       
  ESTATE OF JOHN W. SNYDER  
       
 
By:
/s/ Steve Snyder  
    Steve Snyder, Personal Representative