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Closing Date Extension Addendum
"I need a Closing Date Extension Addendum for a commercial property purchase in Singapore, extending the closing date from March 15, 2025, to June 15, 2025, with an extension fee of SGD 50,000 due to delays in obtaining regulatory approvals."
1. Parties: Identification of all parties to the original agreement and addendum
2. Background: Reference to original agreement and reason for extension
3. Definitions: Key terms used in the addendum
4. Extension Details: Specific details of the new closing date
5. Effect on Original Agreement: Statement that all other terms remain unchanged
6. Execution: Signature blocks and execution formalities
1. Additional Consideration: Details of any additional payment required for the extension
2. Conditions Precedent: Any conditions that must be met before extension takes effect
3. Further Assurances: Commitment to execute additional documents if needed for complex transactions
1. Original Agreement: Copy of the agreement being modified
2. Extension Payment Schedule: Schedule detailing any additional consideration payments and their timing
3. Corporate Authorizations: Evidence of authority to execute for corporate parties
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