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EXHIBIT 20.05
AMENDMENT NO. 1 TO AGREEMENT OF PURCHASE AND SALE
THIS AMENDMENT NO. 1 TO AGREEMENT OF PURCHASE AND SALE is made as of March
5, 1996 by and between CALIFORNIA JOCKEY CLUB, a Delaware corporation ("Seller")
and XXX XXXXXXX & ASSOCIATES, INC., a Michigan corporation ("Purchaser").
A. Seller and Purchaser have entered into an Agreement of Purchase and
Sale (the "Agreement") dated December 21, 1995 relating to certain real property
located in San Mateo, California and commonly known as the Bay Xxxxxxx Training
Track (the "Subject Real Property"), which is a part of property owned by Seller
and referred to in the Agreement as "Bay Xxxxxxx."
B. Purchaser has requested and Seller is willing to grant additional time
for Purchaser to conduct its due diligence.
NOW THEREFORE, the parties agree as follows:
1. The Approval Date, as defined in Section 3.1 of the Agreement is
amended to be May 31, 1996.
2. All other terms and conditions of the Agreement shall remain
unchanged.
CALIFORNIA JOCKEY CLUB XXX XXXXXXX & ASSOCIATES, INC.
By:_________________________ By:_________________________
Its:_________________________ Its:_________________________
