Document:

f10k2010ex10xvi_greenchek.htm

Exhibit 10.16

  

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4f10k2010ex10xvii_greenchek.htm

Exhibit 10.17

 

AMENDMENT TO AGREEMENT

 

AMENDMENT  TO AGREEMENT dated May 14, 2010, between Greenchek Technology Inc. formerly Ridgestone Resources Inc. hereinafter collectively referred to as "Buyer" and Pardeep Sarai, hereinafter collectively referred to as "Seller".

 

WHEREAS, the parties desire to amended the agreement entered into between them on October 21, 2008 (the "Agreement");

 

WHEREAS, the parties have not completed the performance of all of the terms and conditions of said Agreement; and,

 

WHEREAS, the parties desire to now amend said Agreement in order to modify certain terms of the Agreement..

 

NOW THEREFORE, in consideration of the mutual promises contained herein, it is agreed that the Agreement dated the 21st day of October 2008 is amend in the following particulars:

 

Section 1 of the Agreement is amended partially to amend payment terms to the Shareholder and the following is substituted:

 

Surrender of Shares

 

1. The Shareholder hereby surrenders to the Company the Surrendered Shares by delivering to the Company's attorney herewith a share certificate or certificates representing the Shares, duly endorsed for transfer in blank., notary guaranteed. The Company hereby acknowledges receipt from the Shareholder of the certificates for the sole purpose of retiring the Surrendered Shares. The Shareholder will surrender the Surrendered Shares upon receipt of a Promissory Note from the Company in the amount of $25,000, which represents the outstanding amount owed to the Shareholder. The Promissory Note will carry an interest rate of 11% per annum. and the term of the Promissory Note is one year from May 14, 2010.

 

Section 2 of the Agreement is amended partially to amend retirement terms to the Shareholder and the following is substituted:

 

Retirement of Shares

 

2. The Company agrees, subject to section 3 hereof, to forthwith after the closing of the License Agreement and issuance of Promissory Note to retire the Surrendered Shares which shall become authorized but unissued.

 

All other provisions of the Agreement dated the 21st day of October 2008 shall remain in full force and effect.

 

IN WITNESS WHEREOF, this Amendment to Agreement lips been duly executed by the parties this 14th day of May 2010.

 

	Buyer	 
	GREENCHEK TECHNOLOGY INC. (Formerly Ridgestone Resources Inc.)
	 	 	 
	
By: 

	/s/ Lincoln Parke	 
	 	Name: Lincoln Parke	 
	 	Title: President and CEO 	 
	 	 	 
	 	 	 
	Seller	 
	By: 	/s/ Pardeep Sarai	 
	 	Pardeep Saraiexhibit10_2.htm

FIRST AMENDMENT TO CONTRACT OF SALE AND PURCHASE

 

This FIRST AMENDMENT TO CONTRACT OF SALE AND PURCHASE (this “First Amendment”) is made and entered into as of this 1st day of June, 2010, by and between AJ IRVINE OWNER CORPORATION, a Delaware corporation (“Seller”), and HINES GLOBAL REIT PROPERTIES LP,  Delaware limited partnership (“Purchaser”).  Landlord and Tenant are collectively referred to herein as the “Parties.”

 

RECITALS

 

A.           Seller and Purchaser entered into that certain Contract of Sale and Purchase dated as of May 13, 2010 (the “Purchase Contract”) regarding the sale of certain property located at 17600 Gillette Avenue, Irvine, CA 92614, as further described in Section 1.1 of the Purchase Contract (the “Property”).

 

B.           Seller and Purchaser desire to modify the Purchase Contract on the terms and conditions contained herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:

 

1. Capitalized Terms.  All capitalized terms when used herein shall have the same respective meanings as are given such terms in the Purchase Contract, unless expressly provided otherwise in this First Amendment.

 

2. Purchase Price.  Effective as of the date of this First Amendment, the Purchase Price of Twenty Million Seven Hundred Fifty Thousand Dollars ($20,750,000) shall be reduced to an amount equal to Twenty Million Three Hundred Fifty Thousand Dollars ($20,350,000).

 

3. Holdback Amount.  Section 2.1.3 of the Purchase Contract shall be amended such that the amount to be held back from the Purchase Price as the Holdback shall be reduced from Five Hundred Thousand Dollars ($500,000) to Three Hundred Thousand Dollars ($300,000).

 

4. Inspection Period.  The mutual execution and delivery of this First Amendment by Purchaser and Seller shall constitute the Purchaser's waiver of its right to terminate the Purchase Contract during the Inspection Period and Purchaser shall have no further right to terminate the Purchase Contract except as expressly provided in the Purchase Contract as amended by this First Amendment.

 

5. Conflict; No Further Modification.  In the event of any conflict between the Purchase Contract and this First Amendment, the terms of this First Amendment shall prevail.  Except as specifically set forth in this First Amendment, all of the terms and provisions of the Purchase Contract shall remain unmodified and in full force and effect.

 

[Signatures on following page]

 

 

  

  

  

 

    IN WITNESS WHEREOF, this First Amendment has been executed as of the day and year first above written.

 

"SELLER"

 

AJ IRVINE OWNER CORPORATION,

 

a Delaware corporation

 

By:           

Name:           

Its:           

 

"TENANT"

 

 

HINES GLOBAL REIT PROPERTIES LP

 

By:           Hines Global REIT, Inc.

 

Its general partner

 

By:           

 

Name:           

 

Its:exhibit10_3.htm

SECOND AMENDMENT TO CONTRACT OF SALE AND PURCHASE

 

This SECOND AMENDMENT TO CONTRACT OF SALE AND PURCHASE (this “Second Amendment”) is made and entered into as of this 3rd day of June, 2010, by and between AJ IRVINE OWNER CORPORATION, a Delaware corporation (“Seller”), and HINES GLOBAL REIT PROPERTIES LP, a Delaware limited partnership (“Purchaser”).  Seller and Purchaser are collectively referred to herein as the “Parties.”

 

RECITALS

 

A.           Seller and Purchaser entered into that certain Contract of Sale and Purchase dated as of May 13, 2010 (the “Original Purchase Contract”), as amended by that certain First Amendment to Contract of Sale and Purchase dated as of June 2, 2010 (the “First Amendment”, collectively with the Original Purchase Contract, the “Purchase Contract”), regarding the sale of certain property located at 17600 Gillette Avenue, Irvine, CA 92614, as further described in Section 1.1 of the Purchase Contract (the “Property”).

 

B.           Seller and Purchaser desire to modify the Purchase Contract on the terms and conditions contained herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:

 

1. Capitalized Terms.  All capitalized terms when used herein shall have the same respective meanings as are given such terms in the Purchase Contract, unless expressly provided otherwise in this Second Amendment.

 

2. Purchase Price.  Effective as of the date of this Second Amendment, the Purchase Price of Twenty Million Seven Hundred Fifty Thousand Dollars ($20,750,000) shall be reduced to an amount equal to Twenty Million Three Hundred Fifty Thousand Dollars ($20,350,000).

 

3. Holdback Amount.  Effective as of the date of this Second Amendment, the amount of the Holdback set forth Section 2.1.3 of the Original Purchase Contract shall be reduced from Five Hundred Thousand Dollars ($500,000) to Three Hundred Thousand Dollars ($300,000).  Accordingly, all references to the amount of “$500,000” set forth in the Holdback Escrow Agreement attached to the Original Purchase Contract as Exhibit 2.1.4 shall be deleted and replaced with “$300,000”.

 

4. Closing Date.  Effective as of the date of this Second Amendment, the Closing Date set forth in Section 7.1 of the Original Purchase Contract shall be extended from June 7, 2010 to June 9, 2010.

 

5. Inspection Period.  The mutual execution and delivery of this Second Amendment by Purchaser and Seller shall constitute the Purchaser's waiver of its right to terminate the Purchase Contract during the Inspection Period and Purchaser shall have no further right to terminate the Purchase Contract except as expressly provided in the Purchase Contract, as amended by this Second Amendment.

 

6. Electronic Counterparts.  This Second Amendment may be executed in any number of counterparts, which may be delivered electronically, via facsimile or by other means.  Each electronic or facsimile signature shall be deemed to be an original, and all such counterparts (including those delivered electronically or via facsimile), when taken together, shall be deemed to constitute one and the same instrument.

 

7. Conflict; No Further Modification.  In the event of any conflict between the Purchase Contract and this Second Amendment, the terms of this Second Amendment shall prevail.  Except as specifically set forth in this Second Amendment, all of the terms and provisions of the Purchase Contract shall remain unmodified and in full force and effect.

 

[Signatures on following page]

 

 

  

  

  

 

IN WITNESS WHEREOF, this Second Amendment has been executed as of the day and year first above written.

 

"SELLER"

 

AJ IRVINE OWNER CORPORATION,

 

a Delaware corporation

 

By:           

Name:           

Its:           

 

"PURCHASER"

 

 

HINES GLOBAL REIT PROPERTIES LP,

 

a Delaware limited partnership

 

By:           Hines Global REIT, Inc.

 

Its general partner

 

By:           

 

Name:           

 

Its:

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