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NOW THEREFORE , for good and valuable consideration , the receipt and sufficiency of which is hereby acknowledged , the parties hereto , intending to be legally bound , agree to amend the Amended Option Agreement as follows : 1 . From and after the effective date of this Second Amendment, the second sentence of paragraph 2 of the Amended Option Agreement is amended in its entirety_ � t,oL read as follows : I �r The option may be exercised on or before December 01 2006 ("Option Expiration Date") , with closing , if the Option is exercised , on or before January 15 , 2007 . 2 . From and after the effective date of this Second Amendment, the first sentence of paragraph 13 of the Amended Option Agreement is amended in its entirety to read as follows : The closing , if the option is exercised , shall be on or before January 15 , 2007 . 3 . The Option will expire if the County fails to approve and execute this Second Amendment on November 14 , 2006 . 4 . All terms and provisions of the Amended Option Agreement not amended by this Second Amendment shall be and remain in full force and effect. 5 . All defined terms not otherwise defined herein shall have the same meaning as set forth in the Amended Option Agreement. 6 . This Second Amendment may be executed in one or more counterparts , each of which shall be deemed to be an original copy and all of which shall constitute but one and the same instrument . 7 . The background recitals are true and correct and form a material part of this Second Amendment. IN WITNESS WHEREOF , the parties have caused this Second Amendment to be executed as of the day and year first above stated . �—--- - SELLER : SHADOWBROOK ESTATES , INC . , a Florida corporation Witness (0 Print Name : BY: Witness : c � 1 Pierre Paquette r sident Print Name : �cvcR LK4k* 2