Shea Development Corp. 1351 Dividend Drive, Suite G Marietta,Georgia 30067
Exhibit 10.1(a)
Shea Development Corp.
1351 Dividend Drive, Suite G
Marietta, Georgia 30067
July 1, 2007
Christopher Watson
300 Bucksley Lane, #305
Daniel Island, SC 29492
Dear Chris:
This letter letter confirms the understanding of you, Christopher Watson (the Shareholder) of Bravera, Inc. (Bravera) and Shea Development Corp. (the Parent) (of which the undersigned is Chairman and CEO) with respect to the Agreement and Plan of Merger, dated as of April 26, 2007, to which Shareholder, Bravera, and the Parent are parties (the Merger Agreement).
Section 1.13 (c) of the Merger Agreement which provides, Parent shall provide a warrant to the Shareholder in the form attached hereto as Exhibit D. is amended to read Parent shall issue to the Shareholder 5,000,000 shares of Parent Common Stock that will vest ratably over thirty-six (36) months beginning on July 1, 2007.
Please sign below and return a signed copy of this letter to my attention, to evidence your agreement to the foregoing amendment.
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| Very truly yours, | ||
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| /s/ FRANCIS E. WILDE |
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| Francis E. Wilde | ||
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| as Chairman and CEO of | ||
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| Shea Development Corp. and | ||
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| President of Shea Development | ||
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| Acquisition No. 3 Corp. | ||
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Agreed to and accepted by: |
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/s/ CHRISTOPHER WATSON |
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Christopher Watson, on behalf of |
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Bravera, Inc. and as the sole |
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Shareholder of Bravera, Inc. |
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