Attached files
Exhibit 10.1
LETTER OF AGREEMENT
By and Between
INNISBROOK LESSORS’ ADVISORY COMMITTEE
and
SALAMANDER INNISBROOK, LLC
The Innisbrook Lessors’ Advisory Committee and Salamander Innisbrook, LLC agree on the following amendments to the Master Rental Pool Lease Agreement:
| 1. | Paragraph 2.1 first sentence to read “The terms and conditions of this Agreement shall be binding upon the parties hereto for each calendar year for the years 2002 through 2013.” |
| 2. | Paragraph 1.6 “Carpet Care Reserve” last sentence to read “Said Carpet Care Reserve shall be deposited in the Innisbrook Lessors’ Escrow Account and used only for carpet cleaning and carpet deodorizing.” |
In addition, we agree on the following amendments to the 2010 Annual Rental Pool Lease Agreement:
| 1. | For 2010 only, to allow an additional 7 nights of Lessor Occupancy during the defined In-Season for B-Status Lessors. |
| 2. | For 2010 only, Paragraph B.4 of the Annual Rental Pool Lease Agreement, “The Carpet Care Reserve shall be 1.5% of the amount of Occupancy Fees deposited to the Lessor’s Escrow Account. |
Dated at Innisbrook, Florida, this 10th day of September, 2009.
| Innisbrook Lessors’ Advisory Committee | Salamander Innisbrook, LLC | |||||||
| By |
|
By |
| |||||
| Ceril Shagnn | Chuck Pomerantz | |||||||
| Chairperson | Vice President and Managing Director | |||||||
