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SECOND AMENDMENT TO GOLF COURSE MAINTENANCE AGREEMENT 6-9-15 673. ael6- 11? SECoO D THIS FIRST AMENDMENT is entered into as of the 9th day of June 2015 by and between INTERNATIONAL GOLF MAINTENANCE, INC. ("IGM") and INDIAN RIVER COUNTY, POLITICAL SUBDIVISION OF THE State of Florida ("Owner"). WHEREAS, effective October 1, 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 an additional five-year terms; and WHEREAS, On May 18, 2010 the parties executed the First Amendment to Golf Course Maintenance Agreement renewing the term through September 30, 2015. WHEREAS, Owner desires to exercise the option to renew the Agreement for one additional five-year term, in- accordance with the terms of this amendment and the original agreement approved October 4, 2005. NOW, THEREFORE, in consideration of the mutual undertakings herein, and other good and valuable consideration, the parties hereby agree, as follows: 1. 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, 2015 and terminating on September 30, 2020. 2. Base Fee. The base fee is hereby amended, as follows: (a). The base fee for each month from October 1, 2015 through September 30, 2020, inclusive, shall be $88,148.43 or $1,057,781 annually. If CPI increase equals or exceeds 3.0% from October 1, 2015 to any point in time during the renewal term, then IGM shall have one opportunity during this renewal period 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. IGM shall not be entitled to any other increases in the base fee during the renewal term. For the purposes of this section, the term "CPI" shall mean the Consumer Price Index — All Urban Consumers: South Urban (not seasonally adjusted). 3. Equipment. IGM will acquire and maintain all equipment necessary to perform maintenance services under the agreement. 4. All Remaining Terms. All remaining terms of the Agreement and First Amendment to Golf Course Maintenance Agreement not expressly and directly amended herein shall remain in full force and effect. Page 1 of 2