Letterhead of The St. Joe Company] January 12, 2011 Fairholme Funds, Inc. 4400 Biscayne Boulevard, 9th Floor Miami, FL 33137 Attn: Bruce R. Berkowitz, President Fairholme Capital Management, L.L.C. 4400 Biscayne Boulevard, 9th Floor Miami, FL 33137...
Exhibit 10.2
[Letterhead of The St. Xxx Company]
January 12, 2011
Fairholme Funds, Inc.
0000 Xxxxxxxx Xxxxxxxxx, 0xx Xxxxx
Xxxxx, XX 00000
Attn: Xxxxx X. Xxxxxxxxx, President
Fairholme Capital Management, L.L.C.
0000 Xxxxxxxx Xxxxxxxxx, 0xx Xxxxx
Xxxxx, XX 00000
Attn: Xxxxx X. Xxxxxxxxx, Managing Member
Ladies and Gentlemen:
Reference is made to that certain letter agreement (the “Standstill Agreement”) dated as of April 6, 2009, by and among The St. Xxx Company, Fairholme Funds, Inc. and Fairholme Capital Management, L.L.C. The St. Xxx Company, Fairholme Funds, Inc. and Fairholme Capital Management, L.L.C. hereby agree that the Standstill Agreement is terminated, effective immediately, and shall have no further force or effect.
Very truly yours,
The St. Xxx Company
By: /s/ Wm. Xxxxxxx Xxxxxx
Name: Wm. Xxxxxxx Xxxxxx
Title: President and Chief Executive Officer
Xxxxxxxxx and agreed to as of the date first written above:
Fairholme Funds, Inc.
By: /s/ Xxxxx Xxxxxxxxx
Name: Xxxxx Xxxxxxxxx
Title: President
Fairholme Capital Management, L.L.C.
By: /s/ Xxxxx Xxxxxxxxx
Name: Xxxxx Xxxxxxxxx
Title: Managing Member
