Agreement Extending Time for Performance
THIS AGREEMENT dated as of Effective Date of Agreement (ie. July 1, 2000) between Name of Party 1 as in Original Agreement (the “1st Party”) and Name of Party 2 as in Original Agreement (the “2nd Party”).
WHEREAS: (A) By a Describe Agreement which is the subject matter of this Extension Agreement (ie. Consulting Agreement) dated Date of Agreement which is the subject matter of this Extension Agreement (the “Original Agreement”) the 1st Party and the 2nd Party entered into an agreement relating to Brief Description of Nature of Original Agreement (ie. the Consulting Services to be provided by the 1st Party to the 2nd Party); The Original Agreement required that the 1st Party perform the Describe obligation which is being extended (ie. consulting services) (the "Obligation") on or before Date on which obligation was originally due to be performed (ie. December 31, 2000); The parties wish to extend the time for performing the Obligation to Extended Date on which obligation to be performed (ie. August 1, 2001);
(B)
(C)
NOW THEREFORE in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. 2. The parties agree that the recitals above are true and correct in all material respects. The parties agree that the Original Agreement is hereby modified and amended by extending the time for performing the Obligation to Extended Date on which obligation to be performed (ie. August 1, 2001). The parties hereby confirm that (i) all other terms and conditions of the Original Agreement are in full force and effect, unamended except as expressly provided in this Agreement; and (ii) time shall remain of the essence. This Agreement may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original and such counterparts together shall constitute one and the same instrument. The parties acknowledge that this Agreement may be negotiated and transmitted between the parties by means of a facsimile machine and that the terms and conditions agreed to are binding upon the parties. Upon the Agreement being accepted, copies of the facsimile will be validated by both parties forthwith.
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IN WITNESS WHEREOF this Agreement has been executed by the parties hereto as of the date first above written.
Witness
1st Party
Witness
2nd Party