Exhibit 10(y)(ii)
SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT
WHEREAS, NANTUCKET INDUSTRIES, INC. ("Seller") and XXXXX INVESTMENTS
("Purchaser") entered into a Purchase and Sale Agreement (the "Agreement") on
July 31, 1997 regarding the purchase and sale of real property known as 000
Xxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxx Xxxxxx, Xxxxxxx (the "Property"), which
Agreement was amended on August 14, 1997; and
WHEREAS, the parties desire to further amend certain provisions of the
Agreement;
NOW, THEREFORE, the parties hereby amend the Agreement as follows:
1. The first and second sentences of Section 12 of the Agreement are
hereby amended to read as follows:
"Seller and Purchaser acknowledge that Xxxxxxx Xxxxxxx Company and
Xxxxxx Properties, Inc. ("Brokers") represent only the interest of
Seller in this transaction. Seller agrees to pay a six percent (6%)
commission to Brokers at closing, with such commission being divided
as follows: seventy-five percent (75%) to Xxxxxxx Xxxxxxx Company and
twenty-five percent (25%) to Xxxxxx Properties, Inc."
Except as amended herein, the Agreement, as previously amended, is hereby
ratified and confirmed in all respects.
IN WITNESS WHEREOF, Seller and Purchaser have hereto set their hands and
seals this 27th day of August, 1997.
SELLER:
NANTUCKET INDUSTRIES, INC.
By: /s/Xxxxxx Xxxxxxx
--------------------------
Xxxxxx Xxxxxxx
Vice President
PURCHASER:
XXXXX INVESTMENTS,
a Georgia general partnership
By: /s/Xxxxx X. Xxxxx, Xx.
--------------------------
Xxxxx X. Xxxxx, Xx.
General Partner
