0000950133-03-000272 Sample Contracts

BUSINESS OPERATIONS AGREEMENT

Business Operations Agreement • February 7th, 2003 • Landmark Land Co Inc/De • Savings institutions, not federally chartered • Oklahoma

• Contract Type
  Business Operations Agreement
• Filed
  February 7th, 2003
• Company
  Landmark Land Co Inc/De
• Industry
  Savings institutions, not federally chartered
• Jurisdiction
  Oklahoma

THIS BUSINESS OPERATIONS AGREEMENT (“Agreement”) is made effective this 22nd day of March, 2002 (the “Commencement Date”) by and between LANDMARK LAND COMPANY, INC., a Delaware corporation (herein referred to as “Company”), and DPMG, Inc., a Delaware corporation (herein referred to as “Operator”).

Attn: Gerald G. Barton President, Chairman & CEO Re: Amendment to July 31, 1998 Letter Agreement Regarding Loan to Fund Lawsuit and Certain Expenses

Landmark Land Co Inc/De • February 7th, 2003 • Savings institutions, not federally chartered • New York

• Company
  Landmark Land Co Inc/De
• Filed
  February 7th, 2003
• Industry
  Savings institutions, not federally chartered
• Jurisdiction
  New York

This letter will serve as an amendment to the July 31, 1998 Letter Agreement (“Agreement”) pursuant to the terms of which Gotham Partners, L.P. and/or its affiliates (“Lenders”) agreed to make a loan to fund ongoing expenses of prosecuting a certain lawsuit.

PURCHASE AGREEMENT

Purchase Agreement • February 7th, 2003 • Landmark Land Co Inc/De • Savings institutions, not federally chartered • Maryland

• Contract Type
  Purchase Agreement
• Filed
  February 7th, 2003
• Company
  Landmark Land Co Inc/De
• Industry
  Savings institutions, not federally chartered
• Jurisdiction
  Maryland

THIS PURCHASE AGREEMENT (this “Agreement”), dated as of July 30, 2002, is by and among LANDMARK LAND COMPANY, INC. (the “Company”), on the one hand, and GOTHAM PARTNERS, L.P., GOTHAM PARTNERS III, L.P., GOTHAM PARTNERS INTERNATIONAL, LTD., GOTHAM HOLDINGS II, L.L.C., GOTHAM HOLDINGS III, L.L.C. and KARENINA PROPERTIES, L.L.C. (each of GOTHAM PARTNERS, L.P., GOTHAM PARTNERS III, L.P., GOTHAM PARTNERS INTERNATIONAL, LTD., GOTHAM HOLDINGS II, L.L.C., GOTHAM HOLDINGS III, L.L.C. and KARENINA PROPERTIES, L.L.C., a “Gotham Party” and collectively, the “Gotham Parties”), on the other hand.