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40 <br />G-III <br />the event that Sea Oaks Development Company fails to pay <br />guaranteed revenue which is necessary to continuously reserve your <br />capacity for sewer and irrigation services under the Developer Agree- <br />ment, then before any default- is claimed by virtue of such failure, <br />Service Company shall give you 30 days written notice to cure the <br />default insofar as Service Company is concerned. <br />We hope the above will clarify the remaining issues in the agree- <br />ment. Please acknowledge your concurrence to these matters by signing <br />the enclosed copy of this letter and returning it in the envelope <br />provided. <br />Very truly yours, <br />SEA OAKS U'TILI3jzj, INC. <br />Preston I. Perrone, its President <br />Acknowledged by: <br />Cordon S. Nutt <br />-2- <br />