Quarterly Report — Small Business — Form 10-QSB
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10QSB Quarterly Report -- Small Business 26 152K
2: EX-1 Underwriting Agreement 3 18K
3: EX-2 Plan of Acquisition, Reorganization, Arrangement, 2 12K
Liquidation or Succession
4: EX-3.1 Articles of Incorporation/Organization or By-Laws 11 38K
5: EX-3.2 Articles of Incorporation/Organization or By-Laws 5 19K
6: EX-27 Financial Data Schedule (Pre-XBRL) 2 8K
EX-2 — Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession
| EX-2 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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Exhibit 2
AMENDMENT TO AGREEMENT FOR
SALE AND PURCHASE OF PROPERTY
THIS AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE OF PROPERTY, entered
into this 9th day of April, 1998 by and between, FLORIDA GAMING CENTERS,
INC., and CITY NATIONAL BANK OF FLORIDA, Trustee ("Sellers") and MONROE'S
PRESTIGE GROUP, INC. and/or assigns ("Buyer").
RECITALS
WHEREAS, Seller and Buyer entered into that certain Agreement for Sale
and Purchase of Property executed by the parties on January 7, 1998 and
January 8, 1998 respectively (the "Agreement"); and
WHEREAS, the Seller and Buyer desire to amend certain provisions of the
Agreement as set forth below.
-----------
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Seller and Buyer agree as
follows:
1. The last sentence of the first paragraph of Paragraph 5 shall be
deleted in its entirety and replaced with the following.
In the event that Buyer has exercised due diligence and has
elected to proceed to Closing pursuant to Paragraph 23 but is
unable to close during the aforementioned period, Buyer shall
be entitled to two (2) thirty (30) day extensions by paying to
Seller an additional $100,000 for each such extension requested
before expiration of the previous period, which sums shall be
non-refundable, but applicable to the Purchase Price.
2. The first sentence of the first paragraph of Paragraph 7 shall be
amended to change "ninety (90) days" to "one hundred twenty (120) days".
3. Paragraph 7c. shall be amended to add the following sentence at
the end:
Seller shall reasonably cooperate in good faith with Buyer in
obtaining any governmental approvals of zoning-related applications,
provided that no cost or expense shall be borne by Seller.
4. Paragraph 23 shall be deleted in its entirety and replaced with the
following:
23. EARNEST MONEY DEPOSIT. Notwithstanding anything contained in
this Agreement to the contrary, the Buyer shall on or before the
91st day from the Effective Date, make an election in writing to
Seller to either terminate this Agreement or to proceed to Closing.
If Buyer elects to proceed to Closing, the conditions precedent
listed in Paragraph 21 shall be deemed to be satisfied or waived by
Buyer and both the First Deposit of $100,000 and the Second Deposit
of $100,000 shall be paid to Seller immediately, shall be
non-refundable, but shall be credited to the Purchase Price at
Closing. If Buyer elects to terminate this Agreement on or before
the 91st day, then in that event, the First Deposit of $100,000
plus interest, shall be immediately returned to the Buyer by Escrow
Agent upon the completion of any repair or damage to the Property,
resulting from the inspections during the Inspection Period.
5. Except as specifically set forth herein, all terms and conditions
of the Agreement shall remain in full force in effect.
WITNESSES: SELLER:
Florida Gaming Centers, Inc.
a Florida Corporation
/s/ Timothy Hensley By: /s/ W. Bennett Collett
----------------------------- ---------------------------
W. Bennett Collett
Its: Chairman and CEO
/s/ Kimberly Tharp Date: April 17, 1998
----------------------------- -------------------------
WITNESSES: SELLER:
City National Bank of Florida, Trustee
Land Trust # 5003471
/s/ Chantal Weir By: /s/ [ILLEGIBLE]
----------------------------- ---------------------------
Its: EVP and Trust Officer
/s/ Mayra Espinola Date: April 20, 1998
----------------------------- -------------------------
WITNESSES: BUYER:
Monroe's Prestige Group, Inc.
A Florida Corporation
/s/ Deena L. Dunesedy By: /s/ Charles H. Monroe, III
----------------------------- ---------------------------
Charles H. Monroe, III
Its: President
/s/ Ira Waitz Date: April 21, 1998
----------------------------- -------------------------
Dates Referenced Herein and Documents Incorporated by Reference
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