Extension to the Option to Enter into a Joint Venture
EXHIBIT 10.2
Extension to the Option to Enter into a Joint Venture
This extension to the Option to Enter a Joint Venture (“Extension”) dated March 24, 2014 is granted and effective as of May 24, 2014 by C.S. Analytics, LLC (“CSA”) as Optionor and Greenplex Services, Inc. (“GSI”)as Optionee.
Recitals
CSA and GSI entered into an Option to Enter into a Joint Venture on March 24, 2014 which expired May 26, 2014. Both parties wish to extend the option period to September 15, 2014.
NOW, THEREFORE, the parties covenant and agree as follows:
1. Extension Fee: Upon execution of this Extension, GSI shall pay to CSA an extension fee of Thirty Thousand Dollars ($30,000). The fee will be non-refundable and will be deemed earned at the time of the payment. In the event that GSI properly exercises the option as provided for in the Option Agreement, the Thirty Thousand Dollar extension fee will be deemed to be part of the capital contribution by GSI.
2. Expiration Date: This Extension shall expire at 5 P.M. PDT on September 15, 2014 and shall no longer have any force and effect.
All other terms and conditions of the Option Agreement shall remain unchanged.
IN WITNESS WHEREOF, the Parties have executed this Extension as of the day and year first written above.
C.S. Analytics, LLC
By: /s/ Xxxxxxx Xxxxxx
By: /s/ Xxxxxx X. Foia
Xxxxxxx Xxxxxx
Xxxxxx X. Foia
Managing Member
CEO
