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Y / <br /> NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL <br /> COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as <br /> follows : <br /> 1 . The date for completion of the required improvements as outlined in <br /> the Modification to Contract for Construction of Required Improvements No . PD- <br /> 04-07- 12-CFC (2004020196-48349) is extended to March 6 , 2008 . <br /> 2 . The consideration for this extension is that the Branch Banking and <br /> Trust Company Irrevocable Letter of Credit be amended to extend the expiration <br /> date to June 6 , 2008 , otherwise this modification shall be null and void . <br /> 3 . All other terms set out in the Contract for Construction of Required <br /> Improvements No . PD-04-07- 12-CFC (2004020196-48349) , as modified , remain <br /> in full force and effect. <br /> IN WITNESS WHEREOF , the parties hereto have set their hands and <br /> seals on the day and year first above written . <br /> SLM INVESTMENTS , LLC , a <br /> Signed in the presence of: Florida limited liability company <br /> / DEVELOPER <br /> Sign`- <br /> u <br /> Print: �4�cw, 6,- By: <br /> " I 1r rk ASCI Erman <br /> Sign : In I anaging Member <br /> Print: 1 ,c*r ; <br /> INDIAN RIVER COUNTY, FLORIDA <br /> by and through its Board of County <br /> Commissioners <br /> By: ' if z <br /> Gary healer, Chairman <br /> ATTEST: J . K. Barton , Clerk of Court <br /> BCC approved : 09 / 04 / 07 <br /> By : <br /> Deputy Clerk <br /> APPROVED AS TO FORM <br /> AND LSU XL <br /> BY <br /> ILLIAM DEB <br /> 2 <br /> 2F:IAttorneylNancyIDOC&PLAM2d MODIFICATION TO K for cons quail creek.doc <br />