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E. That upon the sale of any real property of `
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the joint venture, CLAUDE L. EICHEL, Trustee. shall notify the ;
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three persocis ~isted in "D" within ten (10) days of such sale. ~
F. The address of the joint ve~ture ehall be
c/o CLAUDE L. EICHEL, Trustee, 25 W. Flagler Street, Miami,
Florida 33130. ~ ~
G. That this joint vepture shall continue until
the property of the joint venture is realized in cash (or such sooner
time as the parties may determine).
H. That CLAUDE L. EICHEL, Trustee shall
act as attorney for the joint venturers, with full power to transact
any business on its behalf.
I. That as to the real estate described as the
"Unplatted part of Block 2", CLAUDE L. EICHEL, as Trustee shall
~ ~ secure the written approval of two out of the three perso~s listed in
~ paragraph "D" as to the terms of sale, before entering into any
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€ contract for the sale of such parcel. No apprwal shall be required
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a for the sale of the other parcels at the following prices (or higher):
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{ Lot 20, Block 21 $2, 750. 00 ~ .
Lots 22, 23, 24, 25,
~ Block 22 2, 450. 00 each
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J. In the eveat additional funds are required for
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~ real estate taxes or other expenses of the joint venture, each party
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~ agrees to pay his or her proportionate share of such additional
requirements within thirty (30) days of notification by CLAUDE L. ~
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~ EICHEL, Trustee, of the amount of such assessment. '
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- K. 'The parties agree to hold CLAUDE L. EICHEL
= harmless from any claim or lawsuit asserted against him by third i~
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parties in connection with the operation of the joint venture, in- '
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: cluding the costs of defendiag the same, ~
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IN WTTNESS WHI~REOF, the partiee have affixed
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