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<br /> CODICIL TO DEVELOPER' S AGREEMENT
<br /> AS TO PROPERTY NORTH OF CR 510
<br /> THIS CODICIL TO DEVELOPER' S AGREEMENT AS TO PROPERTY
<br /> NORTH OF CR 510 is made and entered into this 16th day of dune 2009 ,
<br /> by and between INDIAN RIVER COUNTY, FLORIDA , a political subdivision of the State
<br /> of Florida (the " County") , 1801 27th Street, Vero Beach , FL 32960 ; and 510 , LLC (" 510 ,
<br /> LLC " ) , a Florida limited liability company (" 510 , LLC") , 4310 77th Street , Vero Beach , FL
<br /> 32967 ; and shall become a part of that certain
<br /> Developer' s Agreement , only as to the property described in said
<br /> Agreement North of CR 510 , between Indian River County , Florida , a
<br /> political subdivision of the State of Florida (" County") ; WCI Communities ,
<br /> Inc . , a Delaware corporation (" Developer") ; and Orchid Landing , LLC , a
<br /> Florida limited liability company (" Owner") , dated June 21 , 2005 (the " June
<br /> 217 2005 Agreement" ) ; as furthered by that Side Agreement to
<br /> Developer' s Agreement (collectively the "Agreement") between Orchid
<br /> Landing , LLC , a Florida limited liability company ; and WCI Communities ,
<br /> Inc . , a Delaware corporation dated August 18 , 2005 ; the Owner' s interest
<br /> in said Agreement having been successively assigned by Owner to
<br /> Kenneth P . Kennedy , as to an undivided fifty percent (50 % ) interest;
<br /> Thomas P . Kennedy , as to an undivided twenty-five percent (25 % )
<br /> interest; and Robert E . Briggs , as to an undivided twenty-five percent
<br /> (25 % ) interest, by Assignment of Developer' s Agreement, dated August
<br /> 25 , 2005 ; the twenty-five percent (25 % ) interest of Robert E . Briggs being
<br /> assigned to Thomas P . Kennedy, by Assignment of Developer' s
<br /> Agreement, dated August 26 , 2005 ; with the entire Owner' s interest
<br /> therein then assigned by Kenneth P . Kennedy and Thomas P . Kennedy to
<br /> 510 , LLC , by Assignment of Developer' s Agreement, dated January 10 ,
<br /> 2006 (all above referenced documents attached as " Composite Exhibit
<br /> 1 " ; and
<br /> WHEREAS , 510 , LLC , is the owner of the real property described in the
<br /> Agreement which lies north of SR 510 herein described in Exhibit 2 hereto (the
<br /> " Property North of 510") , being a portion of the property described as the " Property" in
<br /> Exhibit A to the Agreement; and
<br /> WHEREAS , as to the Property North of 510 , 510 , LLC , is the successor to
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