Letter Agreement Regarding Stock Purchase Price Allocation between DR Shell LLC and Custodian Ventures, LLC (December 9, 2020)
This letter agreement, dated December 9, 2020, is between DR Shell LLC and Custodian Ventures, LLC (managed by David Lazar). It amends a previous Stock Purchase Agreement by specifying that the $245,000 purchase price will be allocated as $180,000 for Common Stock and $65,000 for Series A Preferred Stock. All other terms of the original agreement remain unchanged. Both parties confirm their acceptance by signing this letter.
Exhibit 10.2
DR Shell LLC
December 9, 2020
VIA EMAIL
Custodian Ventures, LLC
Attention: David Lazar, Manager
| Re: | Stock Purchase Agreement |
Dear David:
Reference is made to the Stock Purchase Agreement by and among Custodian Ventures, LLC, David Lazar and DR Shell, LLC dated December 7, 2020 (the “Agreement”). For good and valuable consideration, receipt of which is acknowledged, we agree that the purchase price of $245,000 shall be allocated by valuing the Common Stock at $180,000 and the Series A Preferred Stock at $65,000. In all other respects, the Agreement is ratified and confirmed.
Please execute a copy of the Agreement signifying your consent.
| Sincerely yours, | ||
| /s/ Ross DiMaggio | ||
| Name: | Ross DiMaggio, Manager | |
| We hereby agree to the foregoing: | ||
| Custodian Ventures, LLC | ||
| By: | /s/ David Lazar | |
| David Lazar, Manager and personally | ||
