Exhibit 2.2
ADDENDUM TO CONTRACT FOR SALE AND PURCHASE
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THIS ADDENDUM TO CONTRACT FOR SALE AND PURCHASE ("Addendum") shall amend,
modify, and be a part of that certain Vacant Land Contract (collectively
referred to as the "Contract") by and between G&F Corp. and/or its assignees
("Buyer"), and National Residential Properties, Inc. ("Seller"), for the
purchase and sale of that certain property located at XX Xxxxxx xx XX 0xx Xxxxxx
and SW 53rd Ave., Miami, Florida (the "Property"). Buyer and Seller hereby
further agree as follows:
1. Notwithstanding anything contained in the Contract to the contrary, the
Buyer acknowledges and agrees that the Seller has fully performed
Seller's obligations under this Contract. The Buyer has: (i) fully
inspected the physical condition of the Property; (ii) fully inspected
the existing title to the Property held by the Seller; and (iii) fully
inspected and examined all other matters pertaining to the Property and
is completely satisfied as to all matters ascertained by the Buyer
pertaining to the Property. Seller shall, however, deliver title to the
Property to Buyer free and clear of all liens, encumbrances, judgment,
or obligations of whatsoever kind that may attach to and become alien
on the Property.
2. At closing, Seller shall execute any and all documentation required by
Miami-Dade County and/or the City of Miami, as applicable, necessary to
substitute the Buyer for the Seller, as applicant, in connection with
that certain application for building permit authorizing the
construction of 60 residential apartment units in accordance with those
certain architectural plans prepared by architect Xxxxxx Xxxxxxxx,
Project No. 99-42CM, which plans are on file with the City of Miami and
are part of the application for building permit submitted by National
Residential Properties, Inc.
3. Within 5 days of the Effective Date, Buyer shall place an additional
xxxxxxx deposit of $50,000.00 to be applied towards the Purchase Price
and to be held in the trust account of Leopold, Korn, Leopold, P.A.
BUYER SELLER
G&F Corp., a Florida corporation National Residential Properties, Inc.
a Nevada corporation
/s/Xxxxxx Xxxx /s/Xxxxxxx Xxxxxx
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Xxxxxx Xxxx, President Xxxxxxx Xxxxxx, President
