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• EAST AN~1\TDN~~TT
. TO
SALE ANA? P~CTRC]~ASE Off' MEAL l?~i0~'ER'pX .
AN,[ERICAl~ RIV'IERrA~: REAL ESTATE CO~ANX, a k'lorida cox~oratiozx ("Seller"} -and .
CITE' OE MIAMI BEACH, ~`LOR~AA~ a mux~acipal corporation ("Buyer") ~iereby azx~end that
- .certain Agreerx~ent, for Sate and Puxcbase of feat Property betvcreem fhe pardes saving an. Agreerneot
- Date of April 14, 201,0 (the ",Agreement") as follows (all capita~Xzed terms used b~exein without being. .
defined herein shalt have the meanings ascribed to them in the Agree~ae~at): , . .. .. .
I . Pursuant to Section 3.1. (a), Buyer hereby exercises its right to postpone the Closing until .
September 1, 20X0 ("Closing. Tate"). Izx accordance with Section- 3.1, Seer shalt continue e~orts,to, ~ •
cure ox remove a~ title objections raised by Buyer. In tine. event Buffer. has mot removed . all title
objections oza or before ,August 20, 2010 (tame being of the essezzce), Buyer shall have :the .option. ~to
proceed under SectXOn 3.1(b) or 3.1(c). -
2: Buyer has coxrtpleted its Uaspection of the physical condition of the Pzoperiy axed xs
sai~s~ed except that Buyer's excvironmentaX. consultants have determined that the Property contains
~Iazaxdous ..Substances. Buyer is currently investigating. tb~e costs of xeznediatiom. Buyer shall have tb~e
t to terrniuaate the ,A,greement at any time prior.to Closing in. the event, Buyer detexx:aiz~es in Buyer's
~ `~;~~ sole ,the` potential hazardous Substances reznediation costs are unusually expensive. ~ Tf Buyer
~ exercises its tight of termination, the Agree~oaent shall be terx~atcd and zaeither party shall have any
fuztber rights ox obligafloaas under the Agreexx~,emt or nth respect to the Property.
~~'~`~
. 3. ~ order to be consistent with the teams of.Resolutiom No. 2010-27377, Buyer and Setter
agree to a~aoend Sec#s:oz~ 8.3 (o) of the Agreement pexl+ain~in.g to the ParJ~iaag Rights Agreement, to add
the pbzase "prova~ded Buyer effects to b.ave valet storage in the new municipal parking garage", at 'the
beb~.ning of subsection (b) thereof " ,
,~
4. As naodifted hereby, the ,Agreement is b~exeby rata~ed and coiafsrmed axed renaaix~s in full
force and effect. Thus Amendzuez~t -may be signed and tra~asrnitted electronically (pdfl aa:ta,;d will be
deeuaed effecfiive when transmitted to the other patty or v~rhen physically received by the other patty.
SS EREOP, Seller and Buyer have executed this First Amendtx~,ex~t as of tbie 2nd
IN 'U~l•X'Z'~TE
day of ,A,ugust 20I 0. ~ •
~ ~ SELLER:
~'tnessed by: .p~MEI~CAN RIVIE~.tA RE,A~ ESTATE
CO~ANY,
` a Fiorada cor~oratio~n
h !' Name.
P ' ame:
Title: • ; c:
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~~ ~ ~ Witnessed ~y: CYTY O~ 1ViIA,N1x .~LACH, .k'L' ORTA,t~ .
. ~ . ~ a baunYCic~a~ cor~rora~ion ,
. ~ : ..P~'ix~t Dame:
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