AMENDMENT NO. 1 TO THE LETTER OF INTENT
EXHIBIT 10.1
AMENDMENT
NO. 1 TO THE LETTER OF INTENT
Amendment No. 1 (the “Amendment No.
1”), dated as of September 15, 2008, to the Letter of Intent, dated as of July
23, 2008, entered into by and among Denali Concrete Management Inc., a Nevada
corporation (“Denali”), and ZZPartners, Inc., a Nevada corporation
(“ZZP”).
WITNESSETH:
WHEREAS,
DENALI, and ZZP entered into the Letter of Intent as of July 23, 2008;
and
WHEREAS,
DENALI and ZZP desire to amend the Letter of Intent for the reasons and in the
manner hereinafter set forth.
NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained
herein, and for other good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged the parties hereto agree as
follows:
1.
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The
section of the Letter of Intent titled “STRUCTURE” is hereby amended by
deleting the date August 31, 2008, in the second line thereof and
inserting the date October 15,
2008.
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2.
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ZZP
will pay an additional $25,000 non-refundable deposit for the extension
which will be applied to the $130,000 due at closing. This deposit will
follow the same parameters as the initial $50,000 deposit regarding
refundable status. Therefore, the new amount due at closing
will be $105,000.
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3.
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Except
as explicitly amended by this Amendment No. 1, all of the terms and
conditions of the Letter of Intent shall remain in full force and effect
and the Letter of Intent, as hereby amended, is ratified and
affirmed.
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4.
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This
Amendment No. 1 may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original and all
of which counterparts, taken together, shall constitute one and the same
instrument.
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IN
WITNESS WHEREOF, each party hereto has caused this Amendment No. 1 to be duly
executed as of the date first above written.
DENALI
CONCRETE MANAGEMENT, INC.
By: ____________________
Name:
Title:
ZZPartners,
INC.
By: ____________________
Name:
Title: