GSI Technology amends property sale; price cut to $11.65M, deposit becomes nonrefundable

GSI TECHNOLOGY INC

Second amendment extended due diligence period by 5 days to May 22, 2024.
Third amendment reduced purchase price by $200,000, from $11.85M to $11.65M.
Buyer provided go-forward notice, waived termination rights, added $250,000 to escrow.
Total deposit in escrow is $500,000, now nonrefundable except for seller default or casualty.
Sale of Sunnyvale property (1213 Elko Drive) to D.R. Stephens & Company advances toward closing.

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