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<br /> <br />Mr. Antonio DaSilva <br />June 5, 2003 <br />Page 2 of3 <br /> <br />a. Identity of property and name of owners. <br />b. Name and addresses of each person or entity holding an <br />interest, either as owner or shareholder of owner. <br />c. For the corporate owner, the names and addresses of each <br />officer and director and percentage of ownership interest. <br /> <br />CLOSING DATE: Projected closing date is within 30 days of contract <br />execution, on or before July 21,2003. <br /> <br />CLOSING COSTS: Closing costs will be borne as customarily allocated. <br /> <br />The undersigned parties agree that time is ofthe essence and shall proceed with due diligence. <br /> <br />PROPOSED BUYER: <br /> <br />SELLER: <br /> <br />CITY OF SUNNY ISLES BEACH <br /> <br />PATRIMONIAL CORP., a Florida <br />corporation <br /> <br /> <br />BY:~/~ <br /> <br />Christoplier J. Russo, City Manager <br /> <br /> <br />Antonio DaSilva, President <br /> <br />DaSilva Non-Binding Letter ofIntent <br />Attorney/General <br />6/5/2003 <br />