Exhibit 10.4(b)


 


	
  STATE OF SOUTH
  CAROLINA

  	
  )

  	
   

  
	
   

  	
  )

  	
  AMENDMENT TO LEASE

  
	
  COUNTY OF HORRY

  	
  )

  	
   

  



 


THIS AMENDMENT TO LEASE (the “Amendment”), made this 12th day of February, 2008
(the “Effective Date”), by and between MYRTLE BEACH FARMS
COMPANY, INC., a South Carolina corporation, hereinafter referred to
as “LANDLORD”, and COASTAL CAROLINA DREAM
TEAM, LLC, a South Carolina limited liability company,   hereinafter referred to as “TENANT”.


 


W I T N E S S E T H:


 


WHEREAS, there is a Lease Agreement by and between LANDLORD
and TENANT dated November 13, 2007, for approximately 1.29 acres of land with
Horry County Tax Map #181-03-39-005, located in Myrtle Beach, South Carolina; and,


 


WHEREAS, the parties desire to amend the Lease Agreement to
revise the Rent  section as follows:


 


NOW, THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt and legal sufficiency of which are
hereby acknowledged, Landlord and Tenant agree as follows:


 


1.             Rent:  The
Tenant shall pay to the Landlord Six Thousand Six Hundred Ninety-Three and
75/100 Dollars ($6,693.75) per month, due and payable on or before the first (1st)
day of each month, commencing November 1, 2007 and continuing through April 30,
2008.  The Tenant shall pay to the
Landlord Thirteen Thousand Three Hundred Eighty-Seven and 50/100 Dollars
($13,387.50) per month, due and payable on or before the first (1st)
day of each month, commencing May 1, 2008 and continuing through October 31,
2010.  All rent payments should be mailed
to Landlord at the following payment address: 
P.O. Box 9179, Myrtle Beach, SC 
29578-9179.


 


In the event
Tenant shall exercise its first (1st) Extension Term, the Tenant
shall pay to the Landlord the sum of One Hundred Sixty-Five Thousand Four
Hundred Sixty-Nine and 50/100 Dollars ($165,469.50) per annum, payable in equal
monthly installments of Thirteen Thousand Seven Hundred Eighty-Nine and 13/100
Dollars ($13,789.13) due and payable on or before the first (1st)
day of each month, commencing on November 1, 2010 and continuing through October 31,
2011.


 


In the event
Tenant shall exercise its second (2nd) Extension Term, the Tenant
shall pay to the Landlord the sum of One Hundred Seventy Thousand Four Hundred
Thirty-Three and 59/100 Dollars ($170,433.59) per annum, payable in equal
monthly installments of Fourteen Thousand Two Hundred Two and 80/100 Dollars
($14,202.80) due and payable on or before the first (1st) day of
each month, commencing on November 1, 2011 and continuing through October 31,
2012.


 


In the event
Tenant shall exercise its third (3rd) Extension Term, the Tenant
shall pay to the Landlord the sum of One Hundred Seventy-Five Thousand Five
Hundred Forty-Six and 60/100 Dollars ($175,546.60) per annum, payable in equal
monthly installments of Fourteen Thousand Six Hundred Twenty-Eight and 88/100
Dollars ($14,628.88) due and payable on or before the first (1st)
day of each month, commencing on November 1, 2012 and continuing through October 31,
2013.


 


In the event
Tenant shall exercise its fourth (4th) Extension Term, the Tenant
shall pay to the Landlord the sum of One Hundred Eighty Thousand Eight Hundred
Thirteen and 00/100 Dollars ($180,813.00) per annum, payable in equal monthly
installments of Fifteen Thousand Sixty-Seven and 75/100 Dollars ($15,067.75)
per month, due and payable on or before the first (1st) day of each
month, commencing on November 1, 2013 and continuing through October 31,
2014.


 


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3.  Confidential Terms.
Tenant hereby acknowledges and agrees that the contents of this Amendment are
to be held in strict confidence and are not to be disclosed to any party
whatsoever without the prior written consent of Landlord.


 


4.  Ratification of Lease.  Except as modified herein, the Lease shall
remain in full force and effect.  All
terms and conditions of the Lease, as modified herein, are hereby ratified and
confirmed as if fully set forth herein.


 


5.  Counterparts.  This Amendment may be executed in
counterparts, each of which shall constitute an original and all of which, when
taken together, shall constitute one and the same instrument.


 


6.  No Recording.  Landlord and Tenant agree that in no event
may this Amendment be recorded.


 


7.  Entire Agreement.  This Amendment represents the entire
agreement between the parties hereto, and neither Landlord nor Tenant, or any
agent representing either, has made any statement, promise, or agreement,
verbally or otherwise, in addition to or in conflict with, the terms of this
Amendment.  Any representation or agreement
made during negotiations is hereby merged into this Amendment and, if not set
forth herein, is hereby waived.


 


8.  Modifications.  This Amendment may be modified only by an
agreement in writing and signed by Landlord and Tenant.


 


9.  Captions.  The paragraph captions of this Amendment have
been inserted only as a matter of convenience and for reference and in no way
define, limit, or describe the scope or intent of this Amendment.


 


10.  Defined Terms.  All capitalized terms used but not defined in
this Amendment shall have the meanings ascribed to them in the Lease.


 


IN WITNESS WHEREOF, the parties hereto have caused this instrument to
be duly executed as of the date and year first hereinabove written.


 


 


	
  WITNESSES:

  	
   

  	
  MYRTLE
  BEACH FARMS COMPANY, INC.

  
	
   

  	
   

  	
   

  
	
    /s/
  Susan Grose

  	
   

  	
  By:

  	
    /s/ Andrew
  C. Tilmont

  
	
   

  	
   

  	
   

  	
  Andrew C.
  Tilmont

  
	
   

  	
   

  	
   

  	
  Chief Operating Officer

  



 


 


	
    /s/ Karen
  Englehardt

  	
   

  	
  By:

  	
    /s/ Franklin
  J. Long

  
	
   

  	
   

  	
   

  	
  Franklin J. Long

  
	
   

  	
   

  	
   

  	
  Secretary

  



 


 


	
   

  	
   

  	
  COASTAL
  CAROLINA DREAM TEAM, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
    /s/ Karen
  M. Godfrey

  	
   

  	
  By:

  	
    /s/ Michael
  D. Owens

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Its:

  	
    Managing Partner

  
	
   

  	
   

  	
   

  	
   

  
	
    /s/ Stephen
  Anderson

  	
   

  	
  By:

  	
    Michael D. Owens

  



 


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