ADDENDUM AGREEMENT
This Addendum Agreement (hereinafter referred to as the “Addendum”) is made on __________________20___ Between _________________ (hereinafter referred to as “Partner A”), _____________________ (hereinafter referred to as “Partner B”) and ______________ (hereinafter referred to as “Partner C”). Together referred to as the “Equity Partners” and/or “Parties”.
WHEREAS the parties herein have an existing agreement dated __________ (hereinafter referred to as the “Main Agreement”) concerning the subject matter;
THEREFORE, the parties herein consent and agree to the following addendum to the Main Agreement; –
The parties herein agree that the partnership shall be owned in the following ratio; –
- Partner A – ___% equity.
- Partner B – ___% equity.
- Partner C – ___%
- Minor Partner.
The parties herein agree for ____________________ to be added as a minor partner herein who shall not be permitted to participate in the partnership’s management.
The waiver by either party of the breach of any covenant or provision in this Agreement shall not operate or be construed as a waiver of any subsequent breach by either party.
- Continuity.
Parties agree that this agreement shall form part of the Main Agreement and they will be read together with the provisions contained herein replacing and superseding similar provisions contained in the Main Agreement.
IN WITNESS WHEREOF, the partners hereunto agree to this Addendum.
| Signed by Partner A; –
Signature: __________________________ Date: ______________________________ Email Address: _____________________ Signed by Partner C; – Signature: __________________________ Date: ______________________________ Email Address: _____________________ |
Signed by Partner B; –
Signature: __________________________ Date: _______________________________ Email Address: _____________________
|
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