Amendment to Purchase Agreement between Willamette Group Trust and Richard & Reagan Dean
This amendment updates the original Purchase Agreement dated October 28, 2020, between Willamette Group Trust (Purchaser) and Richard & Reagan Dean (Seller). The main change is to extend the consideration dates in Sections 1.1(a) and (c) to June 30, 2021, or sooner if both parties agree. All other terms of the original agreement remain unchanged. The amendment allows for electronic signatures and becomes effective on January 10, 2021.
EXHIBIT 10.7
AMENDMENT TO PSA
THIS AMENDMENT (the “Amendment”) is attached to and made a part of that certain Purchase Agreement (the “PSA”) dated October 28, 2020 for Willamette Group Trust (hereinafter referred to as the “Purchaser”) and Richard & Reagan Dean (“Seller”) collectively referred to as the Parties.
The parties further agree to amend the PSA as follows:
1. Effective Date. January 10, 2021.
2. Updated Terms of the PSA. The Parties agree that the terms of the base PSA shall remain effective with these amendments agreed upon by the Parties;
(a) Section 1.1(a) & (c) – Consideration dates for both amounts shall be amended to 6/30/21 or sooner as agreed upon by the Parties.
3. Counterparts; Electronic Signatures. It is understood and agreed that this Amendment shall be and become binding upon being executed in counterparts. Additionally, telefax and electronically transmitted signatures shall be binding the same as originals.
4. Continued Effectiveness. Except as modified hereby, the PSA shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment with the intent that of amending the original PSA.
| SELLER: | PURCHASER: |
| RICHARD & REAGAN DEAN | WILLAMETTE GROUP TRUST |
| By: /s/ Richard Dean | By: /s/ Pete Gonzalez |
| Name: Richard Dean | Name: Pete Gonzalez |
| Title: Trustee | |
| By: /s/ Reagan Dean | |
| Name: Reagan Dean | |
