Document:

FIRST AMENDMENT TO AGREEMENT 

TO PURCHASE REAL ESTATE

 

This First Amendment
to Agreement to Purchase Real Estate (this “Amendment”) entered into as of August 31, 2017, (the “Effective
Date”) is by and between, Raymond Chuck-sau Yule and Winnie Chang Yule Family Trust, March 27 2009, or its assignee(s) (hereinafter
“Buyer”), and AHIT Valfre, LLP, a Maryland limited liability partnership, with a mailing address for notice purposes
of, care of, its General Partner - Corix Bioscience, Inc., a Maryland corporation f/k/a American Housing Income Trust, Inc., a
Maryland corporation, with a mailing address for notice purposes of, care of, American Realty Partners, LLC, an Arizona limited
liability company and wholly-owned subsidiary of Corix Bioscience, Inc., located at 34225 N. 27th Drive, Building 5
in Phoenix, Arizona 85085 (hereinafter, “Seller”). Buyer and Seller are collectively referred to herein as the “Parties,”
or singularly, a “Party.”

 

WHEREAS, the Parties
have agreed to amend Section 4 of the Agreement to Purchase Real Estate dated August 21, 2017 (the “Purchase Agreement”).

 

NOW THEREFORE, for
valuable consideration, the receipt and sufficiency of which is agreed to by the Parties, the Parties agree to amend Section 4
of the Purchase Agreement to state as follows:

 

“4. Conveyance
and Closing. The closing of this sale shall take place at the office of the Title Company or at another mutually agreed location.
Seller and Buyer agree to complete the transactions contemplated under this Agreement on or before September 15, 2017 (the “Closing
Date”), which date can be extended by a written agreement signed by both parties. Seller shall convey to Buyer, or its assignee
or designee, marketable and insurable title to the Real Estate by general warranty deed, the form of which is agreed upon by the
parties, free and clear of any encumbrances, and Buyer shall pay the Purchase Price, which shall be released to Seller or its designee,
within ten (10) business days from the day the Seller is able to provide a marketable and insurable title (the “Closing”).

 

Upon meeting all
conditions of Closing and this Agreement, Buyer shall take immediate possession of the Real Estate, subject to any rights of tenants
(“Possession”). Seller shall be responsible for transfer taxes, deed(s) preparation; and shall convey marketable title,
except subject to the Permitted Exceptions, to the Real Estate by deed of general warranty in fee simple absolute, free, clear
and unencumbered as of the Closing, including but not limited to tenant’s rights to quiet enjoyment of the subject property.
This representation and warranty shall survive the Closing.

 

To the extent the Seller
receives payments directly from tenants in the Real Estate under this Agreement for the first month’s rent, the Buyer agrees
that the Seller shall retain such payments. Any existing encumbrances upon the Real Estate which the Seller is required to remove
under this Agreement may be paid and discharged with the Purchase Price at the time of Closing, or if the Buyer elects in writing
as a fully integrated amendment to this Agreement, assumed with abatement of the Purchase Price in an amount equal to the encumbrance(s).”

 

TO THE EXTENT NOT AMENDED
HEREIN, THE BALANCE OF THE PURCHASE AGREEMENT REMAINS IN FULL FORCE AND EFFECT.

 

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AGREED:

 

AHIT Valfre, LLP, a Maryland limited liability

partnership, by and through its General Partner,

 

Corix Bioscience, Inc.,
a Maryland corporation

 

/s/ Sean Zarinegar

By: Sean Zarinegar

Its: Authorized Director on the Real Estate
Committee

 

Date: September 12, 2017

 

 

/s/ Raymond Chuck-sau Yule

By: Raymond Chuck-sau Yule, as Trustee of the

Raymond Chuck-sau Yule and Winnie Chang

Yule Family Trust, March 27 2009

 

Date: September 12, 2017

 

    	-2-STOCK REDEMPTION AND MUTUAL RELEASE AGREEMENT

 

This Stock Redemption
and Mutual Release Agreement (this “Agreement”) is effective as of the close of escrow between Corix Bioscience,
Inc., a Wyoming corporation, formerly known as American Housing Income Trust, Inc., a Maryland corporation (hereinafter, “Corix”),
and Raymond Chuck-Sau Yule and Winnie Chang Yule (hereinafter, the “Yules”), and the “Related Parties,”
as defined below. Corix and the Yules are collectively referred to herein as the “Parties” or individually as a “Party.”

 

WHEREAS, the Parties are
parties to an Escrow Agreement whereby Mark M. Snitchler of Hubbard Snitchler & Parzianello, PLC, a Michigan professional limited
liability company, (hereinafter, the “Escrow Agent”) holds certain agreements, including this Agreement, in escrow
pending closing of those agreements in escrow (the “Escrow Agreement”).

 

WHEREAS, in conjunction
with the Escrow Agreement, the Parties, and Arthur Chang Yule and Raymond Yule JTTEN (the “Arthur/Raymond Trust”),
Raymond Chuck-sau Yule and Winnie Chang Yule Family Trust, March 27 2009 (the “Yule Family Trust”), American Realty
Partners, LLC, an Arizona limited liability company, Performance Realty Management, LLC, an Arizona limited liability company,
AHIT Valfre, LLP, a Maryland limited liability partnership (“AHIT Valfre”) and Sean Zarinegar (hereinafter, the “Related
Parties”) entered into the following agreements: (a) Settlement Agreement between the Parties and Related Parties associated
with a disputed claim, and (b) Agreement to Purchase Real Estate between AHIT Valfre and the Yule Family Trust for the purchase
of certain real estate assets titled to AHIT Valfre. These agreements are referred to herein as the “Related Agreements.”

 

WHEREAS, pursuant to the
Escrow Agreement, this Agreement shall become effective upon the performance of the Parties herein of this Agreement, and the Related
Agreements (hereinafter referred to as the “Effective Date”). In the event the Related Agreements do not close under
the Escrow Agreement, this Agreement shall be void.

 

WHEREAS, the Yules own
shares of common stock in Corix as follows:

 

ShareholderShares
Held

 

IRA Resources, Inc. Cust. FBO Raymond Yule
                             
24,482

IRA Resources, Inc. Cust. FBO Raymond Yule
Roth IRA                11,924

IRA Resources, Inc. Cust. FBO Winnie Yule
Traditional IRA             1,959

IRA Resources, Inc. Cust. FBO Winnie Yule
Roth IRA                    11,924

 

These shares are hereinafter
referred to as the “Shares.” The Shares do not include those shares of common stock subject to the Option Agreement,
identified above as part of the Related Agreements.

 

WHEREAS, these Recitals
are not mere statements, but rather representations relied upon by the Parties (in addition to other representations in this Agreement)
and thus form the basis of the Parties’ intent in entering into this Agreement.

 

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AGREEMENT

 

NOW, THEREFORE, in consideration
of the Recitals and the terms and conditions set forth in this Agreement, Corix and the Yules agree as follows:

 

1. Agreement of
Redemption. On the terms and subject to the conditions set forth in this Agreement and the Related Agreements, the Yules
tender the Shares to Corix for retirement on Corix’s books and records resulting in the termination of all rights,
title and interest the Yules have in the Shares in consideration for payment by Corix to the Yules in the amount of
$155,895.90 (the “Purchase Price”) in the manner prescribed by the Yules in directions to the Escrow Agent. Upon
execution of this Agreement and the Escrow Agreement, Corix has three (3) business days to deposit the Purchase Price with
the Escrow Agent.

 

2. Stock Powers.
The Yules have delivered Stock Powers to Corix and the Escrow Agent to hold in escrow under the Escrow Agreement. The Yules agree
that the Escrow Agent shall deliver the Stock Powers to VStock Transfer, LLC (“VStock”), which serves as Corix’s
transfer agent, or its successor or assign, for the purpose of assigning and transferring the Shares. The Yules agree to take any
and all other action deemed necessary by VStock or the Escrow Agent in transferring the Shares back to Corix for cancellation,
and Corix agrees to be responsible for all costs incurred in transferring the Shares back to Corix for cancellation.

 

3. Representations and
Warranties of Corix. Corix represents and warrants to the Yules as follows as of the date of this Agreement, and acknowledges
and confirms, that the Yules are relying on these representations and warranties in entering into this Agreement:

 

3.1 Organization
and Standing. Corix is a corporation organized, validly existing, and in good standing under the laws of the State of Wyoming,
and has all requisite power and authority to enter into this Agreement.

 

3.2 Authorization.
Sean Zarinegar, on behalf of Corix, has the requisite legal capacity to execute, deliver, and perform this Agreement and to consummate
any related transactions on behalf of Corix. Corix has duly executed and delivered this Agreement. This Agreement when executed
and delivered by Corix will be a legal, valid, and binding obligation of Corix.

 

3.3 Tax, Taxes
and Tax Return Defined. For the purposes of this Agreement, “Tax” or “Taxes” shall mean all federal,
state, county, local, foreign, and other taxes (including, without limitation, income taxes; premium taxes; business taxes; excise
taxes; sales taxes; use taxes; value-added taxes; gross receipts taxes; franchise taxes; ad valorem taxes; real estate taxes; severance
taxes; capital levy taxes; transfer taxes; stamp taxes; employment, unemployment, and payroll-related taxes; withholding taxes;
and governmental charges and assessments), and include interest, additions to tax, and any penalties. For purposes of this Agreement,
(i) a Tax is “imposed” upon a person if such person is responsible under applicable law for the payment, withholding,
or collection of such Tax; (ii) a person is “subject to” a Tax if such Tax is imposed on either (A) such person
or (B) a third party based on the activities or assets of such person; and (iii) a Tax is “of” a person if either
clause (i) or (ii) of this Section 4.3 pertains to such Tax and such person. For purposes of this Agreement, “Tax
Return” shall mean any return (including any information return), report, statement, schedule, notice, form, or other document
or information filed with or submitted to, or required to be filed with or submitted to, any governmental authority in connection
with the determination, assessment, collection, or payment of any Tax. Corix agrees to be responsible for any Tax or Taxes levied
against Corix associated with this Agreement.

 

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4. Representations and
Warranties of the Yules. The Yules represent and warrant to Corix as follows as of the date of this Agreement, and acknowledges
and confirms, that Corix is relying on these representations and warranties in entering into this Agreement:

 

4.1 Heirs, Beneficiaries
and Assigns. The Yules’ heirs, beneficiaries, assigns, nominees and/or designees are bound by the terms and conditions
of this Agreement.

 

4.2 Authorization.
The Yules have the requisite legal capacity to execute, deliver, and perform this Agreement and to consummate any related transactions
herein. This Agreement when executed and delivered by the Yules will be a legal, valid, and binding obligation of them and those
identified in Section 5.1, above.

 

4.3 Litigation.
To the Yules’ knowledge, there are no claims, liens, encumbrances, disputes, actions, suits, proceedings, or investigations
pending or threatened against or affecting the Shares.

 

4.4 Taxes and
Costs. The Yules agree that they shall be responsible for any Taxes incurred by them in performing under this Agreement, and
any costs applicable to the Shares held in any individual retirement account or other costs associated with transferring the Shares.

 

5. Indemnification/Releases.
The Parties mutually agree to the following indemnification and hold harmless provisions:

 

5.1 Indemnification
by Corix. Corix shall pay, reimburse, indemnify, and hold harmless the Yules, and those individuals or entities defined under
Section 5.1, above, from and against any and all claims, suits, actions, assessments, losses, diminution in value, liabilities,
fines, penalties, damages (compensatory, consequential, direct, indirect, and other), costs, and expenses (including reasonable
legal fees) (“Losses”), and including any Losses that arise in the absence of a third-party claim, in connection with
or resulting from any inaccuracy in any representation or breach of any warranty of Corix contained in this Agreement.

 

5.2 Indemnification
by the Yules. The Yules, individually and jointly, shall pay, reimburse, indemnify, and hold harmless Corix and its shareholders,
directors, officers and/or employees from and against any and all claims, suits, actions, assessments, losses, diminution in value,
liabilities, fines, penalties, damages (compensatory, consequential, direct, indirect, and other), costs, and expenses (including
reasonable legal fees), and including any Losses, as defined above, that arise in the absence of a third-party claim, in connection
with or resulting from any inaccuracy in any representation or breach of any warranty of the Yules contained in this Agreement.

 

6. Expenses. Each
of the Parties shall pay their respective costs incurred incidental to the preparation, execution and delivery of this Agreement
and the performance of any related obligations, whether or not the transactions contemplated by this Agreement shall be consummated.

 

7. Miscellaneous Provisions.

 

7.1 Representations
and Warranties. All representations, warranties, and agreements made by the Parties pursuant to this Agreement shall survive
the consummation of the transactions contemplated by this Agreement, for a period of eighteen (18) months following the Effective
Date. All indemnifications and releases shall specifically survive the Effective Date.

 

7.2 Parties
in Interest. This Agreement shall inure to the benefit of, and be binding on, the Parties and their respective successors and
permitted assigns.

 

7.3 Choice of
Law. This Agreement shall be governed, construed, and enforced in accordance with the laws of the State of Arizona.

 

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7.4 Counterparts.
This Agreement may be signed in any number of counterparts with the same effect as if the signature on each counterpart were on
the same instrument. Facsimile or electronic signatures shall be binding upon the Parties as if they were originals.

 

7.5 Entire Agreement.
This Agreement and all related documents, schedules, exhibits, or certificates represent the entire understanding and agreement
between the Parties with respect to the subject matter and supersede all prior agreements or negotiations between the Parties.
This Agreement may be amended, supplemented, or changed only by an agreement in writing that makes specific reference to this Agreement
or the agreement delivered pursuant to it, and must be signed by the Party against whom enforcement of any such amendment, supplement,
or modification is sought.

 

7.6 Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable
law, but if one or more of the provisions of this Agreement is subsequently declared invalid or unenforceable, such invalidity
or unenforceability shall not in any way affect the validity or enforceability of the remaining provisions of this Agreement. In
the event of such declaration of invalidity or unenforceability, this Agreement, as so modified, shall be applied and construed
so as to reflect substantially the intent of the Parties and achieve the same economic effect as originally intended by its terms.
In the event that the scope of any provision to this Agreement is deemed unenforceable by a court of competent jurisdiction, the
Parties agree to the reduction of the scope of such provision as such court or arbitrator shall deem reasonably necessary to make
such provision enforceable under the circumstances.

 

7.7 Release
of Escrow Agent. The Parties agree that the Escrow Agent shall hold this Agreement in escrow under the Escrow Agreement with
the Related Agreements. The Parties agree to waive and release any and all claims against the Escrow Agent in holding this Agreement
in escrow, except for any claims of gross negligence or intentional wrongdoing.

 

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The Parties have executed this Agreement on
the Effective Date.

 

CORIX BIOSCIENCE, INC., a Wyoming

corporation and successor-by-conversion to

AMERICAN HOUSING INCOME TRUST,

INC., Maryland corporation

 

/s/ Sean Zarinegar

By: Sean Zarinegar, as authorized by

Resolution of the Board of Directors

Its: Chairman of the Real Estate Committee

 

 

/s/ Raymond Chuck-Sau Yule

Raymond Chuck-Sau Yule

 

 

/s/ Winnie Yule

Winnie Yule

 

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