Letter Agreement Extending Option Period Between 2600 Roosevelt Associates, L.L.C. and U.S. Plastic Lumber Ltd.

Contract Categories: Business Finance › Modification Agreements
Summary

This agreement, dated November 19, 2004, is between 2600 Roosevelt Associates, L.L.C. and U.S. Plastic Lumber Ltd. It extends the option period under a previous Option to Purchase agreement by 30 days, moving the expiration date from March 4, 2005, to April 4, 2005. Both parties agree to this extension, and the agreement is effective upon signature. The document allows for execution by facsimile and in counterparts.

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EX-10.9 9 g95749exv10w9.txt EX-10.9 LETTER AGREEMENT, DATED NOVEMBER 19, 2004 Exhibit 10.9 November 19, 2004 VIA FACSIMILE U.S. Plastic Lumber Ltd. 2600 W. Roosevelt Road Chicago, Illinois 60608 Re: Letter Agreement Gentlemen: This letter agreement (this "Letter Agreement") is delivered to U.S. PLASTIC LUMBER LTD., a Delaware corporation (the "Company"), in connection with that certain Option to Purchase, dated as of March 4, 2004, entered into by and between 2600 ROOSEVELT ASSOCIATES, L.L.C., an Illinois limited liability company ("2600"), and the Company (the "Option Agreement"). Capitalized terms used but not defined in this Letter Agreement shall have the meanings given to them in the Option Agreement. The Company has requested that 2600 agree to extend the Option Period for an additional thirty (30) days. The Company and 2600 do hereby agree that the Option Period shall be extended from March 4, 2005 to April 4, 2005. This Letter Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Facsimile signature hereon shall be deemed original signatures. [SIGNATURES FOLLOW] Please sign below to indicate your agreement to all of the above and return a fully executed copy of this Letter Agreement to me. Sincerely, 2600 Roosevelt Associate, L.L.C. /s/ Mark Alsentzer -------------------------------------------- By: Mark Alsentzer, a member of 2600 Roosevelt Associates, L.L.C. AGREED TO AND ACCEPTED THIS 19TH DAY OF NOVEMBER, 2004 BY: "COMPANY" U.S. Plastic Lumber, Ltd., a Delaware corporation /s/ Daniel R. Smith --------------------------------------------- By: Daniel R. Smith Its: Asst. Treasurer 2