0000909518-02-000264 Sample Contracts

August 1, 2001
Letter Agreement • April 15th, 2002 • Thackeray Corp • Real estate

Simultaneously with the execution of this letter agreement, affiliates of the undersigned ("Belz") are entering into the Amended and Restated Agreement of Limited Partnership of BT Orlando Limited Partnership ("Phase I Partnership") ("BT Agreement") with an affiliate of Thackeray Corporation ("Thackeray") covering the development of approximately 140 commercial acres of land in Orlando, Florida known as Festival Bay ("Phase I"). This letter agreement pertains to the adjacent 78 acres to be developed as Phase II. Capitalized terms used herein have the same meaning as defined in the BT Agreement unless otherwise defined herein. This letter agreement supersedes in its entirety that certain letter agreement dated May 20, 1996, as subsequently amended, between the parties hereto.

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