No. 1229 approving and accepting the transfer of real property from the St. Joseph Conty Airport Authority

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the entire sum of Six Hundred Thirty -four Thousand Four Hundred Seventy Dollars ($634,470.00) due hereunder to Airport not later than midnight of April 1, 2000, and that in the event Redevelopment has not made payment in full to Airport on or before such date and time, title to that portion of the Airport Land remaining vested in Redevelopment and -for which the respective incremental payment to Airport has not been made, shall revert to Airport, unless otherwise agreed by Airport and Redevelopment in a separate written agreement recorded in the office of the St. Joseph County Recorder. 4. The Conditions Subsequent to Transfer; Possibility of Reverter; Grantee's Covenants and Restrictions Upon Use provisions set forth in Section 4.(d) of the Purchase Agreement, to be contained in the Deed conveying to Redevelopment title to the Airport Land (as defined in the Purchase Agreement prior to this Addendum), shall also be contained in the Deed conveying to Redevelopment that portion of the Airport Land described at Exhibit "A," hereto: Provided, however, subdivision (a) of said conditions, covenants and restrictions shall be and hereby is amended, with respect to that portion of the Airport Land described at Exhibit "A," hereto, to provide as follows: This conveyance is made as long as Grantee shall make payment of the entire amount of Two Hundred Thirty -nine Thousand One Hundred Sixty Dollars ($239,169.00) due hereunder to Grantor, on or before April 1, 2000, and that in the event Grantee has not made payment in full thereof to Grantor, title to that portion of the Real Estate remaining vested in Grantee and for which the respective payment to Grantor has not been made and with respect to which a Certificate of Payment and Release from Reverter Provision has not been issued by Grantor, shall revert to Grantor, unless otherwise agreed by Grantor and Grantee in a separate written agreement recorded in the office of the St. Joseph County Recorder. 5. The dates contained in Sections 6 Agreement for satisfying conditions precedent cancellation of the Purchase Agreement in the are not satisfied, shall be and hereby are am that portion of the Airport Land described at provide April 15, 1994. and 8 of the Purchase to closing and for event such conditions Bnded, with respect to Exhibit "A," hereto, to 6. Redevelopment and Airport agree and acknowledge that the portion of the Airport Land described at Exhibit "A," hereto, is not a part of and therefore will not to be developed as a part of Blackthorn Corporate Center, and that the provisions of the Purchase Agreement concerning the development of Blackthorn Corporate Center do not apply with respect to that portion of the Airport Land described at Exhibit "A," hereto, but further agree that Redevelopment shall use its best efforts to develop and dispose of the portion of the Airport Land described at Exhibit "A," hereto, in a manner that best serves the interests of the Airport, Redevelopment and the development of the Airport Economic Development Area.