SIXTH AMENDMENT TO CREDIT AGREEMENTCredit Agreement • January 12th, 2011 • St Joe Co • Land subdividers & developers (no cemeteries) • North Carolina
THIS SIXTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made the 12th day of January, 2011, by and among THE ST. JOE COMPANY, a Florida corporation, ST. JOE TIMBERLAND COMPANY OF DELAWARE, L.L.C., a Delaware limited liability company, ST. JOE FINANCE COMPANY, a Florida corporation, the LENDERS listed on the signature pages hereof and BRANCH BANKING AND TRUST COMPANY, as Administrative Agent.
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...St Joe Co • January 12th, 2011 • Land subdividers & developers (no cemeteries)
Reference is made to that certain letter agreement (the “Standstill Agreement”) dated as of April 6, 2009, by and among The St. Joe Company, Fairholme Funds, Inc. and Fairholme Capital Management, L.L.C. The St. Joe 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.
