May 7, 2004 Mr. Peter S. Rummell Chairman and CEO The St. Joe Company 245 Riverside Avenue Suite 500 Jacksonville, FL 32202 Dear Peter: The Alfred I. duPont Testamentary Trust and The Nemours Foundation hereby renew the Agreement, originally dated...St Joe Co • May 7th, 2004 • Land subdividers & developers (no cemeteries)
The Alfred I. duPont Testamentary Trust and The Nemours Foundation hereby renew the Agreement, originally dated November 6, 2003, relating to the repurchase by The St. Joe Company of shares of its common stock (the "Agreement"), on the term described herein. The terms of the Agreement shall remain in full force and effect, with the following modifications:
