Amendment No. 4 to Vacant Land Purchase Agreement – 24.23 Acres, Twentynine Palms, CA (Option Arrangement)

Summary

This amendment between Jeff Thachuk/Coronus 29-Palms Morongo LLC (Purchaser) and Albert J. Carness (Seller) grants the Purchaser a 24-month option to buy 24.23 acres of vacant land in Twentynine Palms, California. The Purchaser must pay $433.42 monthly (6% per year of the purchase price), which counts toward the purchase if the option is exercised; otherwise, payments are forfeited. Missing a payment ends the option. During the option, the Seller allows the Purchaser to seek a county permit for land use.

EX-10.146 11 exh10-146.htm VACANT LAND PURCHASE AGREEMENT - TWENTYNINE PALMS MORONGO (MAY 3, 2013 ADDENDUM). exh10-146.htm

Exhibit 10.146

AMENDMENT NO. 4

TO CONTRACT CONCERNING THE PROPERTY AT:

24.23 ACRES OF VACANT LAND (APNs: 0620-223-04, -05, -06), TWENTYNINE PALMS,

SAN BERNARDINO COUNTY, CALIFORNIA

Purchaser and Seller agree to an option arrangement where an option (the “Option”) to purchase the property is now adopted, with the following terms:

1) Purchaser pays monthly payments equal to 6% per annum of the purchase price, or $433.42 per month, 2) the monthly payments are applied to the purchase price, provided Purchaser exercises the Option, otherwise the payments are forfeited to Seller, 3) the term of the Option is 24 months, 4) failure to make the monthly payment terminates the Option, and 5) during the term of the Option, Seller provides the necessary consent for Purchaser to apply for a San Bernardino County conditional use permit.

DATED EFFECTIVE: May 3, 2013

PURCHASER:

Jeff Thachuk

__________________________________________

[purchaser’s signature above/printed name below]

CORONUS 29-PALMS MORONGO LLC

SELLER:

Albert J. Carness

__________________________________________

[seller’s signature above/printed name below]

ALBERT J. CARNESS