May 22, 2008 William A. Davis

Exhibit 10.2

May 22, 2008

Xxxxxxx X. Xxxxx

000 Xxxxxx Xxxxxxx

Xxxxxxxxxxx, XX 00000

Re: Employment Agreement – Option

Dear Xxxx:

Pursuant to your Employment Agreement dated October 1, 2006 under which you have been employed as President & Chief Operating Officer we hereby exercise our option to extend the term for two (2) years, commencing on October 2, 2008 and continuing until October 1, 2010, such employment to be on all the same terms and conditions presently applicable to your employment.

Please acknowledge your receipt of this letter and agreement to the foregoing additional term of your Employment Agreement by signing and returning one original of this letter to me.

Very truly yours,

UNIVERSAL ORLANDO

By: Xxxxxx X. Xxxxxxxx

ACKNOWLEDGED AND AGREED:

/s/ Xxxxxxx X. Xxxxx				May 22, 2008
Xxxxxxx X. Xxxxx				Date