AMENDMENT TO PROJECT MANAGER AGREEMENT
DATED: AUGUST 21, 1996
PARTIES: XXXX X. XXXXXXXX REAL ESTATE AND DEVELOPMENT CO. (PROJECT MANAGER)
REGENCY SERVICE CORPORATION (RSC)
AGREEMENT
Exhibit C of the Agreement shall be amended as follows:
In the event that total commissions paid to all parties exceed 6% of the total
sales price, net of incentives, the Project Manager's 3% commission will be
reduced to an amount so that total commissions paid to all parties do not exceed
6% of the total sales price, net of incentives. Said reduction shall in no way
cause the Project Manager's commission to go negative.
By: /s/ Xxxxxx X. Xxxxxx
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Regency Service Corporation, a California Corporation
By: /s/ Xxxx X. XxXxxxxx
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Xxxx X. XxXxxxxx Real Estate and Development Co., Inc., a California Corporation
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