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A TRUE COPY CERTIFICATION ON LAST PAGE Project: The Reserve At Grand Harbor PD Phase 1, Plat 33 J.R. SMITH, CLERK Final Lift of Asphalt AMENDED CASH DEPOSIT AND ESCROW AGREEMENT THIS AMENDED AGREEMENT is entered into this loth day of December, 2022, by and between GH VERO BEACH DEVELOPMENT LLC, a Delaware limited liability company, (Developer), and INDIAN RIVER COUNTY, a political subdivision of the State of Florida (COUNTY): WITNESSETH: WHEREAS, Developer entered into a Contract for Construction For Final Lift of Asphalt for the project known as The Reserve At Grand Harbor PD Phase 1, Plat 33 and was required to provide security supporting said contract; and WHEREAS, in support of the Contract for Construction For Final Lift of Asphalt, Developer posted $212,131.88 cash and entered into a Cash Deposit and Escrow Agreement to guarantee the installation of the final lift of asphalt, said amount was based on Developer's engineer's certified cost estimate in the amount of 125% of the total estimated cost; and WHEREAS, under the Contract for Construction For Final Lift of Asphalt, Developer agreed to install the final lift of asphalt the earlier of 2 years from the project's projected date of Certificate of Completion; 60 days prior to turnover to homeowner association; or prior to certificate of occupancy for the last residence in the subdivision (or a separately platted phase of the subdivision); and WHEREAS, Developer has requested an additional 2 -year extension to December 16, 2024 to install the final lift of asphalt, as allowed by code; has provided an updated certified cost estimate; has paid the required extension fee request; and has entered into a Modification to Contract for Construction For Final Lift of asphalt; and WHEREAS, there is a shortage of funds required to be posted based on the difference between the original certified cost estimate ($212,131.88) and the updated certified cost estimate ($317,263.50), necessitating the Developer to post additional cash in the amount of $105,131.62. NOW, THEREFORE, in consideration of the agreements, promises, and covenants set forth herein, and other good and valuable considerations, the parties hereto agree as follows: The above recitals are incorporated herein. 2. This Amended Cash Deposit and Escrow Agreement reflects the additional cash deposited into escrow with the County in the amount of $105,131.62.