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of FIRST AMENDMENT TO GOLF COURSE MAINTENANCE AGREEMENT THIS FIRST AMENDMENT is entered into as of the 18 day of May , 2010 ) by and between INTERNATIONAL GOLF MAINTENANCE, INC . ("IGM") and INDIAN RIVER COUNTY, a political subdivision of the State of Florida (" Owner") . WHEREAS , effective October 4 , 2005 , IGM and Owner entered into that certain Maintenance Agreement ("Agreement") relating to Sandridge Golf Club , Vero Beach, Florida ( " Course ") ; and WHEREAS , section 2 . 1 of the Agreement grants to Owner two options to renew the Agreement for additional five -year terms ; and WHEREAS , Owner desires to exercise the first option to renew the Agreement for one additional five -year term, in accordance with the terms of this amendment. NOW, THEREFORE , in consideration of the mutual undertakings herein, and other good and valuable consideration, the parties hereby agree , as follows : 1 . IGM ' s Contact Person . Background Fact C is hereby revised to state that IGM ' s Contact Person shall be Greg Plotner, at the same address shown in the Agreement . 2 . Renewal . Pursuant to section 2 . 1 of the Agreement, County hereby exercises its option to renew the Agreement for one additional five -year term , commencing on October 1 , 2010 , and terminating on September 30 , 2015 . 3 . Maintenance Equipment. All language following the first two sentences in section 2 . 5 of the Agreement is hereby deleted, and replaced with the following : "IGM will be responsible for purchasing all future replacement equipment to fulfill the terms of this Agreement . IGM will submit to Owner an annual written equipment replacement schedule at the beginning of the first and each subsequent year of the renewal term . The schedule shall be subject to the approval of the Course manager . " 4 . Base Fee . The base fee is hereby amended, as follows : (a) The base fee for each month from April 2010 through September 2010 , inclusive , shall be $ 88 , 088 . 25 ; and (b) the base fee for each year of the renewal term shall be $ 997 , 059 . 00 , subject to a maximum of two possible CPI increases during the renewal term . Specifically, if the CPI increase equals or. exceeds 3 . 0 % from April 1 , 2010 to any point in time during the renewal term, then IGM shall have the right to request an increase in the base fee not to exceed 3 . 0 % from Owner, which Owner may approve or disapprove in its sole discretion . If Owner disapproves such increase, IGM shall have the right to renew the request on an annual basis thereafter, subject to Owner ' s continuing right of approval or disapproval . If Owner approves a CPI increase during the renewal term, and if the CPI increases by an amount equal to or greater than 3 . 0 % between the effective date of the first CPI increase , and any point in time during the remainder of the renewal term, then IGM shall have the right to request a second CPI increase , which County may approve or disapprove in its sole discretion . IGM shall not be entitled to ally other increases in the base fee during the renewal term . Page 1 of 2