FIRST AMENDMENT TO
REINSTATEMENT AGREEMENT
THIS AGREEMENT, is made as of November 30, 1998, by and between BENEVA
SHOPS ASSOCIATES, LTD., a Florida limited partnership ("Seller") and RRC
ACQUISITIONS TWO, INC., a Florida corporation ("Buyer").
W I T N E S S E T H:
Seller and Buyer and RRC ACQUISITIONS, INC. heretofore entered into a
Reinstatement Agreement dated as of October 28, 1998 (the "Agreement"),
concerning the sale by Seller and acquisition by Buyer, as Assignee of RRC
ACQUISITIONS, INC., of certain real and personal property described therein,
located in Sarasota, Florida. Seller and Buyer desire to amend the Agreement as
provided herein.
NOW THEREFORE, in consideration of Ten Dollars ($10.00) and other
valuable consideration, including the covenants herein contained, Seller and
Buyer acknowledge and agree as follows:
1. Section 1.19 of Exhibit "A" of the Agreement is amended to read as
follows:
1.19 Inspection Period means the period of time which expires
at 11:59 PM, eastern standard time, on Tuesday, December 8, 1998.
2. As modified hereby, the Agreement continues in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
Witnesses: RRC ACQUISITIONS TWO, INC.,
a Florida corporation
Name:
By:
Its:
Name: Date:
Tax Identification No. 00-0000000
"BUYER"
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BENEVA SHOPS ASSOCIATES, LTD.,
a Florida limited partnership
By Its General Partner:
Sarasota Beneva Company, Ltd.,
a Florida limited partnership
By Its General Partners:
RAB Holdings, Inc., a Florida
Name: corporation
By:
Name: Xxxxxxx X. Xxxxx, III
As to RAB Holdings, Inc. President
WRC Holdings, Inc., a Texas
Name: corporation
By:
Name: Xxxxxxx X. Xxxxxx
As to WRC Holdings, Inc. President
Tax Identification No: 00-0000000
Date:
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