Addendum to Commercial Contract Between MagneGas Corporation and Jay Coleman, Inc. for 1500 Rainville Rd., Tarpon Springs, FL

Contract Categories: Business Finance › Modification Agreements
Summary

This addendum modifies the original commercial contract between MagneGas Corporation (Seller) and Jay Coleman, Inc. or its assigns (Buyer) for the purchase of real property at 1500 Rainville Rd., Tarpon Springs, Florida. The due diligence period is extended to April 13, 2015, and the closing date is moved to April 23, 2015. All other terms of the original contract remain unchanged unless specifically modified by this addendum. The addendum is binding once signed and can be executed electronically or on paper.

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EX-10.2 3 v403711_ex10-2.htm EXHIBIT 10.2

 

Exhibit 10.2

 

ADDENDUM TO CONTRACT

 

This addendum (“Addendum”) to the COMMERCIAL CONTRACT (“Contract”) with an Effective Date of January 12, 2015 between MagneGas Corporation (“Seller”), and Jay Coleman, Inc. or Assigns (“Buyer”), regarding certain real property located at 1500 Rainville Rd., Tarpon Springs, FL 34689 (consisting of parcel #’s 01-27-15-00000 ###-###-#### & 01-27-15-00000 ###-###-####)

 

The clauses below shall be incorporated into the Contract referenced above:

 

1.The Due Diligence Period referenced in section 7B of the Contract is hereby changed to April 13, 2015.
2.The Closing Date referenced in section 4A of the Contract is hereby changed to April 23, 2015.

 

SIGNATURES, INITIALS, DOCUMENTS REFERENCED IN THIS ADDENDUM, COUNTERPARTS AND WRITTEN MODIFICATIONS COMMUNICATED ELECTRONICALLY OR ON PAPER WILL BE ACCEPTABLE FOR ALL PURPOSES, INCLUDING DELIVERY, AND WILL BE BINDING.

 

Unless specifically modified or amended by this Addendum, all other terms, conditions and provisions of the Contract between the parties shall remain in full force and effect. To the extent any of the terms, conditions and provisions of this Addendum are contrary to any of the terms, conditions and provisions of the Contract or any previous Addendum, the terms, conditions and provisions of this Addendum shall prevail.

 

Seller:   Buyer:
     
     
     
     
     
Printed Name   Printed Name
     
     
Title   Title
     
     
Date     Date