Second Amendment to Purchase and Sale Agreement and Joint Escrow Instructions, dated January 23, 2023, by and among Societal CDMO Gainesville, LLC, a Massachusetts limited liability company, and Weekley Homes, LLC, a Delaware limited liability company
Exhibit 10.2
SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT
AND JOINT ESCROW INSTRUCTIONS
THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this "Amendment") is effective as of the 23rd day of January, 2023, by and between SOCIETAL CDMO GAINESVILLE, LLC, a Massachusetts limited liability company ("Seller"), and WEEKLEY HOMES, LLC, a Delaware limited liability company ("Buyer").
RECITALS:
A. Seller and Buyer entered into that certain Purchase and Sale Agreement and Joint Escrow Instructions dated August 11, 2022, as amended by that certain First Amendment to Purchase and Sale Agreement and Joint Escrow Instructions dated November 22, 2022 (the "Contract") for certain property located in Hall County, Georgia, as more particularly described in the Contract.
B. Seller and Buyer desire to amend the Contract as set forth below.
AGREEMENT:
NOW, THEREFORE, for and in consideration of the covenants and agreements contained herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows:
"Buyer agrees to make its submittal for the Rezoning (which will be applied for and pursued in the order appropriate in the relevant jurisdiction) no later than 90 days after the expiration of the Inspection Period."
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under seal as of the date and year first written above.
"SELLER":
SOCIETAL CDMO GAINESVILLE, LLC,
a Massachusetts limited liability company
By: /s/ Ryan D. Lake
Name: Ryan D. Lake
Title: CFO
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"BUYER":
WEEKLEY HOMES, LLC,
a Delaware limited liability company
By: /s/ John Burchfield
Name: John Burchfield
Title: General Counsel
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