Document:

<PAGE>
                                   AGREEMENT

Dated as of:      October 31, 2001

Between:          Genesis Capital Corporation, a Nevada corporation; ("Genesis")

And:              National Residential Properties, Inc, ("National").

         WHEREAS, National and Senior Adult Lifestyle, Inc., a Nevada
corporation ("Senior"), which is a subsidiary of Genesis, entered into an
Agreement dated October 30, 2001, a copy of which is attached hereto as Exhibit
"A," whereby National assigned to Senior its rights in and to those certain Land
Sate Contracts described in said Exhibit "A" and Senior assumed all of
National's obligations under the Land Sale Contracts;

         WHEREAS, pursuant to said Exhibit "A" National executed in favor of
Senior a Statutory Form Warranty Deed dated October 31, 2001, regarding the real
property described in said Exhibit "A";

WHEREAS, Genesis desires to compensate National for the above described
assignment and conveyance to Senior.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, it is agreed as follows:

1. Genesis shall pay to National the sum of $2,000,000.00, which shall be paid
to National in common stock of Genesis in the aggregate amount of 20,000,000
shares ("Genesis Shares"). The number of Genesis Shares to be issued hereunder
is valued by the parties at $.10 per share.

2. At the earlier of (a) the expiration of three (3) years from the data of this
Agreement or (b) at the time that National has sold all of the Genesis Shares,
if the gross sales proceeds realized by National from the sale of the Genesis
Shares is less than $ 2,000,000.00, Genesis shall issue to National such
additional shares of Genesis common stock ("Additional Genesis Shares") in an
amount based on the closing bid price as quoted on the OTC Bulletin Board on the
day before the date of such additional share issuance so as to make up the
difference between said gross sales proceeds and $2,000.00.00. Notwithstanding
anything to the contrary in this Section 2, National shall have the obligation
to sell the Genesis Shares in arm's length market transactions on the OTC
Bulletin Board through broker-dealers at the market price of Genesis common
stock prevailing from time-to-time, which transactions comply with the
requirements of paragraphs (f) ("Manner of Sale") and (g) ("Brokers'
Transactions") of Securities and Exchange Commission Rule 144.

3. National acknowledges that the Genesis Shares and the Additional Genesis
Shares to be issued hereunder are characterized as "restricted securities" under
the Securities Act of 1933 and that consequently the transferability and resale
of the Genesis Shares and the Additional Genesis Shares will be limited.
National understands that the certificates evidencing the Genesis Shares and the
Additional Genesis Shares will hear a legend is substantially the following
form:

<PAGE>

         THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933 ("ACT") OR ANY STATE SECURITIES LAW.
         THE SHARES HAVE BEEN ACQUIRED WITHOUT A VIEW TO DISTRIBUTION AND MAY
         NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
         ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SHARES UNDER THE
         ACT AND UNDER APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF
         COUNSEL ACCEPTABLE TO THE COMPANY THAT SUCH REGISTRATION IS NOT
         REQUIRED AS TO SUCH SALE, OFFER, TRANSFER, PLEDGE OR HYPOTHECATION.

         4. This Agreement constitutes the entire agreement and understanding
between the parties with respect to its subject matter.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

GENESIS CAPITAL CORPORATION OF NEVADA

By:      /s/ Richard Astrom
         ------------------------------
Name:        Richard Astrom
Title:       President

NATIONAL RESIDENTIAL PROPERTIES, INC.

By:      /s/ Richard Astrom
         ------------------------------
Name:        Richard Astrom
Title:       President

<PAGE>

                                   EXHIBIT "A"

                                    AGREEMENT

         THIS AGREEMENT ("Agreement") made and entered this 30th day of October
2001, by and between SENIOR ADULT LIFESTYLE, INC., a Nevada corporation having
an office in the State of Florida ("Lifestyle") and NATIONAL RESIDENTIAL
PROPERTIES, INC., a Nevada corporation having an office is the State of Florida
("NRES").

                                   WITNESSETH:

         WHEREAS, by agreement dated May 4, 2001 ("Agreement"), a copy of which
is attached. hereto and labeled Schedule A, Connecticut Acquisition Corp. No. 1
("Connecticut Acquisition") entered into an agreement with various entities in
which a parcel of and in Hebron, Connecticut was to be transferred to
Connecticut Acquisition; and

         WHEREAS, certain contracts to purchase land ("Land Contracts") were to
be assigned to Connecticut Acquisition; and

         WHEREAS, Connecticut Acquisition has merged into NRES; and

         WHEREAS, the Land Contracts to be assigned are set forth in the
Agreement; and

         WHEREAS, the Land Contracts were assigned to Connecticut Acquisition
(now NRES); and

         WHEREAS, NRES desires to assign its rights and responsibilities under
the Agreement and its rights in and to the Land Contracts to Lifestyle; and

         WHEREAS, Lifestyle agrees to accept the assignments.

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein, it is agreed as follows:

         1. Lifestyle agrees to assume all obligations of Connecticut
Acquisition (now NRES) under the Agreement, and therefore, Senior Adult shall be
liable to all parties to the Agreement as if Senior Adult was an original
obligor of the Agreement.

         2. NRES hereby assigns to Senior Adult all of its rights under the
Agreement and hereby assigns to Senior Adult all of the Land Contracts which
were previously assigned to Connecticut Acquisition.

         3. Senior Adult represents to NRES that the officers of Senior Adult
are the same as the officers of NRES, which is a requirement for the assignment
of the Land Contracts without the need to receive consent from any other parties
to the land Contracts.

         4. Senior Adult acknowledges that any other party to the Agreement
shall have the right to enforce the Agreement against Senior Adult to the same
extent as the Agreement could have been forced against Connecticut Acquisition
as originally written.

<PAGE>

         IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
as of the day and year first above written.

Signed, sealed and delivered in the presence of:

                                            CONNECTICUT ACQUISITION CORP.
                                            NO. 1, INC.

/s/ Miriam Padilla                          By: /s/ Richard Astrom
---------------------------------------         --------------------------------
/S/ PATRICIA GUTIERREZ                              Richard Astrom, President

                                            SENIOR ADULT LIFESTYLE, INC.

/s/ Miriam Padilla                          By: /s/ Richard Astrom
---------------------------------------         --------------------------------
/s/ Patricia Gutierrez                              Richard Astrom, President

                                     CONSENT

The undersigned hereby consent to the Agreement and to the assignment and
transfer set forth therein to Senior Adult Lifestyles, Inc.

                                            LOVELAND HILLS, LLC

/s/ Leonard Jacobs                          BY: Nathan Kahn
--------------------------------                --------------------------------

                                            CONNECTICUT ADULT CONDOMINIUMS, LLC

/s/ Leonard Jacobs                          By: Nathan Kahn
--------------------------------                --------------------------------

                                            ECHO LAKE, WATERTOWN, LLC

/s/ Leonard Jacobs                          By: /s/ Nathan Kahn
--------------------------------                --------------------------------

                                            CARLSON FARMS, NEW MILFORD, LLC

/s/ Leonard Jacobs                          By: /s/ Nathan Kahn
--------------------------------                --------------------------------

                                            COLEMAN FARMS, EAST WINDSOR, LLC

/s/ Leonard Jacobs                          By: /s/ Nathan Kahn
--------------------------------                --------------------------------

<PAGE>

                          STATUTORY FORM WARRANTY DEED

IT, NATIONAL RESIDENTIAL PROPERTIES, INC. a Nevada corporation with an office in
the State of Florida CONSIDERATION PAID grants to SENIOR ADULT LIFESTYLE, INC.,
a Nevada corporation having an office in the State of Connecticut, with WARRANTY
COVENANTS that certain piece or parcel of land on Loveland Hills Road in the
Town of Hebron, County of Tolland and State of Connecticut, being more
particularly described on Schedule A attached hereto and made a part hereof.

         The Premises are conveyed subject to two mortgages which the Grantee
herein assumes and agrees to pay.

         The Premises are subject to taxes due to the Town of Hebron on the List
of October 1, 2001, and Connecticut Acquisition Corp. No. 1, Inc. herein assumes
and agrees to pay as part consideration for this conveyance.

Dated this 30 day of October, 2001.

Witnesses:
                                          National Residential Properties, Inc.

/s/ Miriam Padilla                        By: /s/ Richard Astrom
------------------------------------          ----------------------------------
Miriam Padilla                                    Richard Astrom, Its President

/s/ Ben Kaplan
------------------------------------
Ben Kaplan

STATE OF FLORIDA
COUNTY OF DADE MIAMI                                          October 30, 2001

         Personally appeared Richard Astrom as aforesaid, signer and sealer of
the foregoing instrument and acknowledged the same to be his free act and deed
of said corporation, before me.

                                            /s/ Patricia Gutierrez
                                            ------------------------------------
                                            Patricia Gutierrez
                                            Notary Public, State of Florida
                                            My Comm. Exp. Dec. 19, 2003
                                            Comm. No. CC 898915

<PAGE>

                                   SCHEDULE A

A certain piece or parcel of land with all improvements thereon and
appurtenances thereto, situated on the westerly side of Loveland Road in the
Town of Hebron. County of Tolland and State of Connecticut, and being shown and
designated as "AREA 44.08 acres" on a certain map or plan entitled "Boundary
Survey Property of ROBERT TUPPER Loveland Road Hebron, Conn. Scale 1" = 100'
Aug. 31, 1972 Class A-2 Map Certified Substantially Correct Frederick M. Hayes
L.S. Conn. Lic. No. 8164 Frederick M. Hayes Assoc. Route 66 Marlborough,
Connecticut, which map is on file in the Town Clerk's Office in the Town of
Hebron to which reference may be had.

Said premises are further bounded and described as follows:

Commencing at a point in the westerly street line of Loveland Road, which point
marks the southeasterly comer of land now or formerly of Leno & Phylis Petrolito
and the northeasterly coma of subject premises.

Thence proceeding S 16(degree) 44' 3T" E along Loveland Road a distance of
138.52 feet to a point marKED by a fence post;

Thence proceeding S 10(degree)31' 49" E along Loveland Road a distance of 50.85
feet to a point;

Thence proceeding S 02(degree)55' 57" E along Loveland Road a distance of 477.29
feet to a point;

Thence proceeding S 20(degree)23' 26" W along Lowland Road a distance of 28.23
feet to a point;

Thence proceeding S 01(degree) 14' 51" E along Loveland Road a distance of
519.91 feet to a point whiCH point marks the northeasterly corner of land now or
formerly of Lucius Robinson Sr. and the southeasterly corner of subject
premises;

Thence proceeding N 85(degree) 13' 10" W along said land now or formerly of
Robinson a distance of 973.28 feet to a point marked by a fence post;

Thence proceeding N 89(degree)39' 42" W a distance of 350.44 feet to a point;

Thence proceeding N 02(degree)90' 54" E along land now or formerly of
Jones-Keefe Post 95 Inc. American Legion a distance of 251.18 feet to a point;

Thence proceeding N 87(degree) 19' 06" W along said land now or formerly of
Jones-Keefe Post 95 Inc. American Legion a distance of 427.98 feet to a point
which point marks the southwesterly corner of subject premises;

Thence proceeding N 02(degree) 08' 27" E along land now or formerly of Stephen
Griffing a distance of 954.03 Feet to a point, which point marks the
northeasterly corner of said land now or formerly of Griffing and the
northwesterly corner of said premises.

Thence proceeding S 87(degree)10' 18" E along land now or formerly of Bolton
Associates a distance of 679.16 feet to a point;

<PAGE>

Thence proceeding S 77(degree)08' 43" E along said land now or formerly of
Bolton Associates a distanCE of 64.84 feet to a point;

Thence proceeding S 84(degree)55' 12" E along said land now or formerly of
Bolton Associates a distanCE of 261.60 feet to a point;

Thence proceeding 6 N 89(degree) 24' 14" E along said land now or formerly of
Leno & Phylis Petrolito a distance of 140.65 feet to a point;

Thence proceeding S 86(degree) 10' 10" E along said land now or formerly of Leno
& Phylis Petrolito a distance of 483.25 feet to the point or place of beginning.

Said premises contain 44.08 acres by estimation.<PAGE>
                                                                     EXHIBIT 4.6

CERTIFICATE NUMBER ________             NUMBER OF PREFERRED SECURITIES ________

                   CERTIFICATE EVIDENCING PREFERRED SECURITIES
                                       OF
                       SOUTHERN COMMUNITY CAPITAL TRUST I

         ______% CUMULATIVE CONVERTIBLE TRUST PREFERRED SECURITIES
                 (LIQUIDATION AMOUNT $10 PER PREFERRED SECURITY)

                                                              CUSIP NO. _______

         Southern Community Capital Trust I, a statutory business trust created
under the laws of the State of Delaware (the "Trust"), hereby certifies that
Cede & Co. (the "Holder") is the registered owner of _____ preferred securities
of the Trust representing undivided beneficial interests in the assets of the
Trust and designated the ________% Cumulative Convertible Trust Preferred
Securities (liquidation amount $10 per Preferred Security) (the "Preferred
Securities"). The Preferred Securities are transferable on the books and records
of the Trust, in person or by a duly authorized attorney, upon surrender of this
Certificate duly endorsed and in proper form for transfer as provided in Section
504 of the Trust Agreement (as defined herein). The designations, rights,
privileges, restrictions, preferences, and other terms and provisions of the
Preferred Securities are set forth in, and this Certificate and the Preferred
Securities represented hereby are issued and shall in all respects be subject to
the terms and provisions of, the Amended and Restated Trust Agreement of the
Trust dated as of January ___, 2002, as the same may be amended from time to
time (the "Trust Agreement"), including the designation of the terms of
Preferred Securities as set forth therein. The Holder is entitled to the
benefits of the Convertible Preferred Securities Guarantee Agreement entered
into by Southern Community Financial Corporation, a North Carolina corporation,
and Wilmington Trust Company as guarantee trustee, dated as of January ____,
2002, as the same may be amended from time to time (the "Guarantee"), to the
extent provided therein. The Trust shall furnish a copy of the Trust Agreement
and the Guarantee to the Holder without charge upon written request to the Trust
at its principal place of business or registered office.

         Upon receipt of this Certificate, the Holder is bound by the Trust
Agreement and is entitled to the benefits thereunder.

         Unless the Certificate of Authentication has been manually executed by
the Authentication Agent, this Certificate is not valid or effective.

<PAGE>

         IN WITNESS WHEREOF, the Administrative Trustees of the Trust have
executed this Certificate this ___ day of January 2002.

                                       SOUTHERN COMMUNITY CAPITAL
                                       TRUST I

                                       By:
                                          -------------------------------------
                                          F. Scott Bauer, as Trustee

                                       By:
                                          -------------------------------------
                                          Richard M. Cobb, as Trustee

                                       By:
                                          -------------------------------------
                                          Jeff T. Clark, as Trustee

                                     LEGEND
                           FOR CERTIFICATES EVIDENCING
                        GLOBAL PREFERRED SECURITIES ONLY:

                  Unless this certificate is presented by an authorized
                  representative of The Depository Trust Company, a New York
                  corporation ("DTC"), to Issuer or its agent for registration
                  of transfer, exchange, or payment, and any certificate issued
                  is registered in the name of Cede & Co. or in such other name
                  as is requested by an authorized representative of DTC (and
                  any payment is made to Cede & Co. or to such other entity as
                  is requested by an authorized representative of DTC), ANY
                  TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
                  BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered
                  owner hereof, Cede & Co., has an interest herein.

<PAGE>

                        [FORM OF REVERSE OF CERTIFICATE]

         The Trust will furnish without charge to any registered owner of
Preferred Securities who so requests, a copy of the Trust Agreement and the
Guarantee. Any such request should be in writing and addressed to Southern
Community Capital Trust I, c/o Secretary, Southern Community Financial
Corporation, 4701 Country Club Road, Winston-Salem, North Carolina 27104 or to
the Registrar named on the face of this Certificate.

         The following abbreviations, when used in the inscription on the face
of this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM - as tenants in common           UNIF GIFT MIN ACT - under Uniform Gifts
TEN ENT - as tenants by the entireties   to Minors Act and not as tenants
JT TEN - as joint tenants with right of
         survival

         Additional abbreviations may also be used though not in the above list.

                                   ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto:

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
     (Please insert social security or other identifying number of assignee)

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
                    (insert address and zip code of assignee)

the within Certificate and all rights and interests represented by the Preferred
Securities evidenced thereby, and hereby irrevocably constitutes and appoints
_____________________________________________________ attorney to transfer the
said Preferred Securities on the books of the within-named Trust with full power
of substitution in the premises.

<PAGE>

Dated:____________________________      Signature:_____________________________
                                                  Note: The signature(s) to this
                                                  assignment must correspond
                                                  with the name(s) as written
                                                  upon the face of this
                                                  Certificate in every
                                                  particular, without alteration
                                                  or enlargement, or any change
                                                  whatever.

Signature(s) Guaranteed:

----------------------------------
NOTICE: Signature(s) must be guaranteed by an "eligible guarantor institution"
that is a member or participant in a "signature guarantee program" (i.e., the
Securities Transfer Agents Medallion Program, the Stock Exchange Medallion
Program or the New York Stock Exchange, Inc. Medallion Signature Program).

                               CONVERSION REQUEST

To: ____________________, as Conversion Agent under the Trust Agreement of
Southern Community Capital Trust I

         The undersigned owner of these Preferred Securities hereby irrevocably
exercises the option to convert these Preferred Securities, or the portion below
designated, into Common Stock of Southern Community Financial Corporation (the
"Common Stock") in accordance with the terms of the Trust Agreement. Pursuant to
the aforementioned exercise of the option to convert these Preferred Securities,
the undersigned hereby directs the Conversion Agent (as that term is defined in
the Trust Agreement) to (i) exchange such Preferred Securities for a portion of
the Debentures (as that term is defined in the Trust Agreement) held by the
Trust at the Conversion Ratio specified in the Trust Agreement, and (ii)
immediately convert such Debentures on behalf of the undersigned, into Common
Stock at the Conversion Ratio specified in the Trust Agreement.

         The undersigned also hereby directs the Conversion Agent that the
shares issuable and deliverable upon conversion, together with any check in
payment for fractional shares, be issued in the name of and delivered to the
undersigned, unless a different name has been indicated in the assignment below.
If shares are to be issued in the name of a person other than the undersigned,
the undersigned will pay all transfer taxes payable with respect thereto.

<PAGE>

Date: _________________

Number of Preferred Securities to be converted: ______________

If a name or names other than the undersigned, please indicate in the spaces
below the name or names in which the shares of Common Stock are to be issued,
along with the address or addresses of such person or persons.

-----------------------------------------

-----------------------------------------

-----------------------------------------

(Sign exactly as your name appears on the other side of this Preferred Security
certificate) (for conversion of definitive Preferred Securities only)

Please print or Typewrite Name and Address, Including Zip Code, and Social
Security or Other Identifying Number.

-----------------------------------------

-----------------------------------------

-----------------------------------------

Signature Guarantee:* ____________________________

---------------
*(Signature must be guaranteed by an "eligible guarantor institution"* that is,
a bank, stockbroker, savings and loan association or credit union meeting the
requirements of the Registrar, which requirements include membership or
participation in the Securities Transfer Agents Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended)

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