Laserfiche WebLink
MEMORIALIZATION AND MODIFICATION AGREEMENT <br /> This Memorialization and Modification Agreement is entered into by and between High <br /> Voltage Holdings, LLC ("Licensor")and Weldon Construction LLC ("Licensee") for the <br /> property known as the North River Gravel Pit and comprising of approximately 68 Acres(the <br /> "Property"). This Agreement is dated this�day of A-PQ�L , 2017. <br /> RECITALS: <br /> WHEREAS, Licensor is the owner of the Property; and, <br /> WHEREAS, Licensee had previously entered into a verbal contract wherein Licensee <br /> was allowed to remove aggregate,rock, and dirt products(hereinafter collectively referred to as <br /> "Product") from the Property by the Licensor's predecessor-in-interest; and, <br /> WHEREAS, Licensee has removed Product from the property under the verbal <br /> agreement between it and the Licensor's predecessor-in-interest; and, <br /> WHEREAS, Licensee has previously paid for Product removed from the Property; and, <br /> WHEREAS, Licensee now desires to remove far more Product from the Property and <br /> establish a set price for the Product to be removed that is not verbal and ensure that Licensor will <br /> allow the removal of that Product; and, <br /> WHEREAS, Licensor is willing to enter into this agreement as a memorialization of the <br /> previous agreement with the Licensor's predecessor-in-interest for the removal of Product from <br /> the Property provided Licensee agrees to this formal memorialization and modification so that <br /> there are no misunderstandings between the parties and in order to ensure that Licensee agrees to <br /> pay Licensor. <br /> NOW THEREFORE, in consideration of the covenants and other consideration <br /> hereinafter set forth,the sufficiency of which is hereby acknowledged, the Licensor and Licensee <br /> intending to be legally bound hereby, agree as follows: <br /> 1. Recitals. The above Recitals are essential and critical terms of this agreement and are <br /> incorporated herein by this reference. <br /> 2. License. The Licensor grants to the Licensee a limited license to enter onto the Property <br /> for the purpose of removing aggregate,rock, and dirt products up to 1,000,000 yards <br /> ("Products"); and the right to crush, screen, and stockpile such materials on the Property. <br /> Licensee shall have the right to hire independent contractors consistent with the provisions of <br /> this Agreement,provided such contractors are adequately insured pursuant to the requirements of <br /> this agreement. The Licensor shall have no other right to excavate or remove any gravel from the <br /> Premises, or to use the Premises for any other purpose,except as specifically set forth herein. In <br /> -1- <br />