Exhibit 10.1
Xxxxxxx Xxxxxxxxx, P.C.
0000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxx, XX 00000
October 25, 1999
Xx. Xxxxx X. Xxxxx, President
M.D.C. Holdings, Inc.
0000 Xxxxx Xxxxxxxx
Xxxxx 000
Xxxxxx, Xxxxxxxx 00000
Dear Xxxxx:
This letter is an amendment to the letter agreement between Xxxxxxx
Xxxxxxxxx, P.C. ("GGPC" and M.D.C. Holdings, Inc. ("MDC") dated September 25,
1998 (the "Agreement").
Paragraph 4 of the Agreement is amended hereby to extend the term of
the Agreement until September 30, 2001. The terms of the Agreement, including
those set forth in paragraphs 2.b., 2.c., 3. and 5. of the Agreement, in effect
as of September 30, 2000, shall remain in full force and effect until September
30, 2001. Except as amended hereby, no term, condition or other provision of the
Agreement shall be altered or amended.
This amendment was approved by the Board of Directors of MDC on October
25, 1999. Please indicate MDC's approval of this amendment by executing the
acknowledgment below.
Xx. Xxxxx X. Xxxxx
October 25, 1999
Page 2
If you have any questions, please call me.
Yours truly,
XXXXXXX XXXXXXXXX, P.C.
By: /s/ Xxxxxxx Xxxxxxxxx
------------------------------
Xxxxxxx Xxxxxxxxx
Approved and agreed to this
25th day of October, 1999
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M.D.C. HOLDINGS, INC.
By: /s/ Xxxxx X. Xxxxx
----------------------------
Xxxxx X. Xxxxx
Chairman of the Board and
Chief Executive Officer
