0000950144-03-010776 Sample Contracts

Contract
Modification and Re-Statement Agreement • September 12th, 2003 • Sea Pines Associates Inc • Hotels & motels • South Carolina

This instrument was prepared by and is to be returned to Benton D. Williamson, whose address is Haynsworth Sinkler Boyd, P.A., P.O. Box 11889, Columbia, South Carolina 29211-1889.

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FIRST MODIFICATION AND WAIVER AGREEMENT TO THE AMENDED AND RESTATED MASTER CREDIT AGREEMENT
First Modification and Waiver Agreement • September 12th, 2003 • Sea Pines Associates Inc • Hotels & motels • South Carolina

THIS FIRST MODIFICATION AND WAIVER AGREEMENT (this “Agreement”) is made as of the 31st day of July, 2003, by and among WACHOVIA BANK, NATIONAL ASSOCIATION (the “Bank”), SEA PINES ASSOCIATES, INC. and SEA PINES COMPANY, INC. (if more than one, collectively, the “Borrower”).

Contract
-Statement Agreement • September 12th, 2003 • Sea Pines Associates Inc • Hotels & motels • South Carolina

This instrument was prepared by and is to be returned to Benton D. Williamson, whose address is Haynsworth Sinkler Boyd, P.A., P.O. Box 11889, Columbia, South Carolina 29211-1889.

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