A. |
Seller and Purchaser are parties to that certain Membership Interest Purchase Agreement dated January 29, 2020, as amended by that certain First Amendment to Membership Interest Purchase Agreement dated March 17, 2020, that certain Second
Amendment to Membership Interest Purchase Agreement dated April 30, 2020, that certain Third Amendment to Membership Interest Purchase Agreement dated June 30, 2020, and as further amended by that certain Fourth Amendment to Membership
Interest Purchase Agreement dated August 18, 2020 (collectively, the “Agreement”), for the purchase and sale of the Membership Interests. Unless otherwise defined herein, capitalized terms shall have the meaning assigned to them in the
Agreement.
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B. |
Purchaser and Seller desire to modify certain terms of the Agreement, and the parties have agreed to execute this Amendment to reflect such modification to the Agreement.
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1. |
Incorporation of Recitals. The recitals set forth above are incorporated herein by reference as if set forth fully herein.
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2. |
Due Diligence Period. Subsection (a) of Section 3.03 of the Agreement is hereby amended and restated in its entirety to read as follows:
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3. |
Deposit. Section 2.02 of the Agreement is hereby amended and restated in its entirety to read as follows:
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4. |
Effect of Amendment. Except as modified in this Amendment, there are no changes to the Agreement, and the Agreement as herein modified remains in full force and effect as of the date hereof and is hereby ratified by the parties in
all respects. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of either party for any default under the Agreement, nor constitute a waiver of any provision of the
Agreement. In the event of a conflict between the Agreement and this Amendment, the terms of this Amendment shall control.
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5. |
Counterparts. This Amendment may be executed by the parties hereto individually or in combination or in one or more counterparts, each of which shall be an original, and all of which shall constitute one and the same instrument.
Scanned and emailed or facsimile signatures shall be deemed original and binding on the parties.
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PURCHASER: | ||
DREAM FINDERS HOLDINGS LLC,
a Florida limited liability company
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By: |
/s/ Patrick O. Zalupski |
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Name: |
Patrick O. Zalupski |
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Title: |
Chief Executive Officer |
SELLER: | ||
H&H CONSTRUCTORS, INC.,
a North Carolina corporation
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By: |
/s/ D. Ralph Huff III |
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Name: |
D. Ralph Huff III |
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Title: |
Chief Executive Officer |