SECOND AMENDMENT TO AGREEMENT OF SALE AND PURCHASE
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THIS SECOND AMENDMENT TO AGREEMENT OF SALE AND PURCHASE ("Second
Amendment") is made and entered into this 18th day of May, 2001,
between PETMED EXPRESS, INC., a Florida corporation ("Seller"), and
RMS PROPERTIES II, L.L.C., an Illinois limited liability company
("Buyer").
W I T N E S S E T H:
WHEREAS, Seller and RMS Properties, L.L.C., an Illinois limited
liability company, doing business in Florida as RMS Properties of
Illinois, L.L.C., entered into that certain Agreement of Sale and
Purchase dated March 29, 2001, as amended by First Amendment to
Agreement of Sale and Purchase dated April 27, 2001 (collectively, the
"Agreement"), as assigned to RMS Properties II, L.L.C., an Illinois
limited liability company, by that certain assignment dated May 7,
2001 (the "Assignment") for the sale by Seller to Buyer of the
property described therein (the "Property") at the price and on the
terms and conditions set forth in the Contract;
WHEREAS, Seller and Buyer have agreed to amend and modify the
Contract as more particularly set forth below;
NOW, THEREFORE, in consideration of the recitals, the mutual
covenants hereinafter set forth and other good and valuable
consideration, the receipt and sufficiency of which are hereby
mutually acknowledged, it is hereby agreed by and between the parties
as follows:
1. Recitals. The above recitals are true and correct and
are incorporated herein by this reference.
2. Closing Date. The first sentence of Section 3 of the
Agreement ("Closing Date") is hereby deleted and replaced with the
following:
"3. Closing. Closing shall be held on May 31, 2001 (the
"Closing Date"), at the office of Seller's counsel
("Closing")."
3. Counterparts, Facsimile. This Second Amendment may be
executed in any number of counterparts, all of which shall constitute
the Second Amendment. Facsimile copies of this Second Amendment shall
constitute originals.
4. Conflict. In the event of any conflict between the terms
and provisions of this Second Amendment and the terms and provisions
of the Contract, the terms and provisions of this Second Amendment
shall control. To the extent that there shall be no such conflict,
the Contract shall remain in full force and effect and the parties
hereto hereby ratify same.
(Executions Appear on Following Page)
Exhibit 99.3
IN WITNESS WHEREOF, the parties have caused this Second Amendment
to be executed as of the day and year first written above.
Signed, sealed and delivered BUYER:
in the presence of:
RMS PROPERTIES, L.L.C., doing business
in Florida as RMS PROPERTIES OF
ILLINOIS, L.L.C.
/s/ Gilda Garza
- ----------------------------- By: RMS Properties, Inc., doing
Print: Gilda Garza business in Florida as RMS
Properties of Illinois, Inc.,
Manager
By:________/s/ Ron Shoffet___________
Ron Shoffet, President
Date of Execution by Buyer: May 18, 2001
Signed, sealed and delivered SELLER:
in the presence of:
PETMED EXPRESS, INC.
/s/ Robert Hiltsley
- ----------------------------
Print: Robert Hiltsley
By:______/s/ Menderes Akdag__________
/s/ Rory Winter Print: Menderes Akdag
- ---------------------------- Title: CEO
Print: Rory Winter
Date of Execution by Seller: 05/22/01
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Exhibit 99.3