Exhibit 10.23
AMENDMENT
to the
ADMINISTRATIVE SERVICES AGREEMENT
THIS AMENDMENT NO. 6 dated as of December 31, 2003 to the
ADMINISTRATIVE SERVICES AGREEMENT ("Agreement") dated as of March 1, 2000 (such
agreement as amended is referred to herein as the "Agreement") between Leucadia
Financial Corporation, a Utah corporation ("Leucadia"), HomeFed Corporation, a
Delaware corporation ("HomeFed"), HomeFed Resources Corporation, a California
corporation ("HomeFed Resources") and HomeFed Communities, Inc., a California
corporation ("HomeFed Communities").
The following new paragraph shall replace in its entirety
paragraph 4 of the Agreement:
"4. Term and Termination. The term of this Agreement shall
continue until December 31, 2004, unless extended in writing by mutual agreement
of the parties. HomeFed shall have the right to terminate this Agreement,
without restriction or penalty, upon 30 days prior written notice to the other
party. In all events, the provisions of Section 7. "Indemnification" shall
survive the termination of this Agreement, whether as a result of the passage of
time or the election of HomeFed or otherwise."
In all other respects, the Agreement shall remain unchanged.
[SIGNATURE PAGE TO FOLLOW]
IN WITNESS WHEREOF, this Agreement has been executed as of the
date first hereinabove written.
LEUCADIA FINANCIAL CORPORATION
Address: 000 Xxxx Xxxxx Xxxxxx
Xxxx Xxxx Xxxx, XX 00000
By: ___________________________
Name: Xxxxxx X. Orlando
Title: Vice President
HOMEFED CORPORATION
Address: 0000 Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
By: ___________________________
Name: Xxxx X. Xxxxxx
Title: President
HOMEFED RESOURCES CORPORATION
Address: 0000 Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
By: ___________________________
Name: Xxxx X. Xxxxxx
Title: President
HOMEFED COMMUNITIES, INC.
Address: 0000 Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
By: ___________________________
Name: Xxxx X. Xxxxxx
Title: President
