Amendment to Membership Interest Purchase Agreement between HouseRaising, Inc. and COBS Homes, LLC (April 4, 2005)
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Summary
This amendment, dated April 4, 2005, modifies the Membership Interest Purchase Agreement between HouseRaising, Inc. and COBS Homes, LLC. The changes extend certain deadlines for closing, due diligence, and other key actions related to the purchase of membership interests. Both parties agree to the new dates and terms by signing this amendment. The agreement remains in effect with these revised timelines, and either party may terminate the agreement if closing does not occur by the updated deadline.
EX-10.2 3 ex10_2.htm EXHIBIT 10.2 Exhibit 10.2
EXHIBIT 10.2
April 4, 2005
VIA FACSIMILE: (760) 269-3112
Mr. Rob Mackle
Members of COBS Homes
COBS Homes
2221 S. El Camino Real
Oceanside, CA 92054
Gentlemen:
Reference is made to the Membership Interest Purchase Agreement dated March 16, 2005, signed, and electronically delivered to HouseRaising, Inc. on March 31, 2005.
We hereby amend the agreement as follows:
| 1) | Paragraph 4 on page 1; ‘whereby with a projected closing to occur on or before June 17,2005’ is hereby substituted for the language ‘with a projected closing on or before May 16,2005’ and in the same paragraph; ‘If this agreement does not close on or before July 1, 2005, either party may terminate this agreement’ is hereby substituted for the language ‘If this agreement does not close on or before June 1, 2005, either party may terminate this agreement.’ |
| 2) | Paragraph 5 on page 1; ‘If HouseRaising, Inc. does not notify COBS in writing that it has completed and approved its due diligence and financial review on or before June 10, 2005’ is is hereby substituted for the language ‘If HouseRaising, Inc. does not notify COBS in writing that it has completed and approved its due diligence and financial review on or before April 30, 2005.’ |
| 3) | Paragraph 1.06 on page 4; ‘within forty-five (45) days following the signing of this agreement’ is hereby substituted for the language ‘within ten (10) days following the signing of this agreement.’ |
| 4) | Paragraph 1.10 on page 5; ‘The closing contemplated hereby shall be held at a mutually agreed upon time and place on or before June 17, 2005’ is hereby substituted for the |
language ‘The closing contemplated hereby shall be held at a mutually agreed upon time and place on or before April 29, 2005.’
1
Mr. Rob Mackle
April 4, 2005
Page 2.
Kindly evidence your agreement to the foregoing amendments by signing in the space provided below and sending a copy of this letter agreement to us by fax at ###-###-####.
Sincerely,
| HouseRaising, Inc. | ||
| | | |
| By: /s/ Charles M. Skibo | ||
| Name: Charles M. Skibo | ||
| Title: Chairman and CEO | ||
Agreed to and Accepted as
Of the Date first written above:
| COBS Homes, LLC | ||
| | | |
| By: /s/ Robert Mackle | ||
| Name: Robert Mackle | ||
| Title: Chief Manager | ||
| Members of COBS Homes, LLC: | |
| [conformed signatures of members intentionally omitted] | |
| ____________________________ | ____________________________ |
| | |
| ____________________________ | ____________________________ |
| ____________________________ | ____________________________ |
| ____________________________ | ____________________________ |
| ____________________________ | ____________________________ |
| __________________________ | __________________________ |
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