No. 1100 approving a modification to and reducing the annual rentals on the lease for the Blackthorn Golf Course Project and approving the execution of an addendum to the lease

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Exhibit C: Section 4. Rental Payment Dates and Amounts. The first semiannual rental installment in the amount of One Hundred Eighty Thousand Five Hundred Dollars ($180,500) shall be due on the day that the Project is completed and ready for use, or February 25, 1997, whichever is later. If completion is later than February 25, 1997, the first installment shall be in an amount which provides for rental at the rate of $180,500 for the semiannual period in which the Project is completed and ready for use, prorated from the date of completion until the first February 25 or August 25 following such date of completion. Thereafter such rentals shall be payable in advance in semiannual installments on February 25 and August 25 of each year as provided for in the lease payment schedule attached hereto as Exhibit C. The last semiannual rental payment due before the expiration of this Lease shall be adjusted to provide for rental at the amount specified above for the applicable semiannual period prorated from the date such installment is due to the date of the expiration of this Lease (without taking into account any subsequent early termination of this Lease pursuant to Section 2 hereof). 3. The Lease is amended to include the following as EXHIBIT C LEASE PAYMENT SCHEDULE FOR BLACKTHORN GOLF COURSE LEASE Payment Date Amount 02 -25 -97 $180,500 08 -25 -97 180,500 02 -25 -98 180,500 08 -25 -98 200,500 02 -25 -99 200,500 08 -25 -99 224,500 02 -25 -00 224,500 08 -25 -00 246,500 02 -25 -01 246,500 08 -25 -01 275,000 02 -25 -02 275,000 08 -25 -02 301,000 02 -25 -03 301,000 08 -25 -03 327,500 02 -25 -04 327,500 08 -25 -04 344,500 2