SEVENTH AMENDMENT TO CREDIT AGREEMENTCredit Agreement • May 5th, 2011 • St Joe Co • Land subdividers & developers (no cemeteries) • North Carolina
THIS SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made the 31st day of March, 2011, by and among THE ST. JOE COMPANY, a Florida corporation, ST. JOE TIMBERLAND COMPANY OF DELAWARE, L.L.C., a Delaware limited liability company, ST. JOE FINANCE COMPANY, a Florida corporation, the LENDERS listed on the signature pages hereof and BRANCH BANKING AND TRUST COMPANY, as Administrative Agent.
PURCHASE AND SALE AGREEMENT Between ST. JOE TIMBERLAND COMPANY OF DELAWARE, L.L.C., as Seller And VULCAN TIMBERLANDS LLC, as PurchaserPurchase and Sale Agreement • May 5th, 2011 • St Joe Co • Land subdividers & developers (no cemeteries) • Florida
THIS PURCHASE AND SALE AGREEMENT, made as of the 31st day of March, 2011 (the “Effective Date”), by and between ST. JOE TIMBERLAND COMPANY OF DELAWARE, L.L.C., a Delaware limited liability company (“Seller”); and VULCAN TIMBERLANDS LLC, a Delaware limited liability company (“Purchaser”).
The St. Joe CompanySt Joe Co • May 5th, 2011 • Land subdividers & developers (no cemeteries)
Reference is made to the letter agreement between you and The St. Joe Company (the “Company”), dated March 4, 2011 (the “Interim CEO Agreement”). This letter agreement amends the Interim CEO Agreement by extending the term during which you are empowered to act as the interim Chief Executive Officer of the Company (“Interim CEO”). Such term shall be for a period ending on the earlier of (i) 30 days from the date hereof, (ii) the effective date that the Company hires a full-time Chief Executive Officer or (iii) such date as the Board may determine in its sole discretion. You will be paid $50,000 for your service as the Interim CEO for such term.
