Exhibit 10.11
April 7, 0000
XXX XXXXXXXXX
X.X. Xxxxxxx Xxxxxx Ltd.
0000 X. Xxxxxxxxx Xxxx
Xxxxxxx, Xxxxxxxx 00000
Re: 3rd 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.
On or about November 19, 2004, the Company and 2600 entered into that
certain first letter agreement pursuant to which the Company and 2600 agreed
that the Option Period would be extended from March 4, 2005 to April 4, 2005. On
or about January 7, 2005, the Company and 2600 entered into that certain second
letter agreement pursuant to which the Company and 2600 agreed that the Option
Period would be extended from April 4, 2005 to May 4, 2005. The Company has
again requested that 2600 agree to extend the Option Period. The Company and
2600 do hereby agree that the Option Period shall be extended from May 4, 2005
to June 15, 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/ Xxxxx X. Xxxxxxx
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By: Xxxxx X. Xxxxxxx,
a member of 2600 Roosevelt Associates, L.L.C.
AGREED TO AND ACCEPTED THIS 7TH DAY OF APRIL, 2005 BY:
"COMPANY"
U.S. Plastic Lumber, Ltd.,
a Delaware corporation
/s/ Xxxxx Xxxxxxx
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By: Xxxxx Xxxxxxx
Its: Asst. Treasurer
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