Document:

EXHIBIT 10.118

                                                           as of October 8, 2003

BXG Receivables Note Trust 2001-A
c/o Wilmington Trust Company
Rodney Square North
1100 N. Market Street
Wilmington, DE 19890

            Re:   Asset Backed Notes, Series 2001-A

Ladies and Gentlemen:

            Reference is made to (i) that certain Amended and Restated Note
Purchase Agreement (the "Note Purchase Agreement"), dated as of April 17, 2002,
by and among BXG Receivables Note Trust 2001-A, as Issuer (the "Issuer"),
Bluegreen Receivables Finance Corporation V, as Depositor (the "Depositor"),
Bluegreen Corporation, as Seller and Servicer ("Bluegreen"), the Purchasers
party thereto and the undersigned Resort Finance LLC (as successor to ING
Capital LLC), as Agent ("RFL"), relating to your Asset Backed Notes, Series
2001-A, and (ii) that certain Amended and Restated Indenture (the "Indenture"),
dated as of April 17, 2002, by and among the Issuer and U.S. Bank National
Association (formerly known as U.S. Bank Trust National Association), as
Indenture Trustee (the "Indenture Trustee"). Capitalized terms used herein and
not defined shall have the meanings ascribed to them in the Note Purchase
Agreement, the Indenture or the Amended and Restated Sale and Servicing
Agreement (the "Sale and Servicing Agreement"), dated as of April 17, 2002, by
and among the Depositor, the Issuer, Bluegreen, Concord Servicing Corporation,
as Backup Servicer and the Indenture Trustee.

            1. Pursuant to Section 2.2(d) of the Note Purchase Agreement, you
are hereby notified that each Purchaser has agreed and by execution hereof,
confirms such agreement, to extend the Commitment Expiration Date from September
30, 2003 to March 31, 2004.

            2. Notwithstanding the definition of "Funding Rate" in the Note
Purchase Agreement, except when and to the extent that an Amortization Event
(NPA) shall have occurred and be continuing, the "Funding Rate" under the Note
Purchase Agreement shall be one-month LIBOR. To the extent that an Amortization
Event (NPA) shall have occurred and is continuing, the "Funding Rate" shall be
as specified in the Note Purchase Agreement.

<PAGE>

            3. Notwithstanding the definition of "Facility Limit" in the Sale
and Servicing Agreement, pursuant to the definition of "Facility Limit" therein,
RFL, as Agent, hereby notifies you that the Facility Limit is $100,000,000 and
the Commitments of the Purchasers under the Note Purchase Agreements is hereby
increased to $100,000,000 accordingly.

            4. On each Payment Date after the execution of this letter
agreement, the Issuer will be required to pay to the Agent (A) until the
Facility Termination Date, a program fee ("Program Fee") equal to the product of
the Facility Limit and 1/12 of 0.25%, and (B) a utilization fee ("Utilization
Fee") equal to the product of (i) the product of (x) a fraction, the numerator
of which is 2.00% and the denominator of which is 360 and (y) the number of days
elapsed since the Payment Date immediately preceding such Payment Date and (ii)
the average daily Note Principal Balance for the period from the Payment Date
immediately preceding such Payment Date to the day prior to such Payment Date.
The Program Fees and Utilization Fees shall be paid pursuant to Section 3.2 of
the Sale and Servicing Agreement. The Issuer is hereby notified that this letter
agreement shall constitute the "Fee Letter" for purposes of Section 2.3(a) of
the Note Purchase Agreement, this letter agreement supersedes the Fee Letter
dated as of April 17, 2002 from ING Capital LLC to the Issuer in its entirety
and this letter agreement shall constitute a Related Document for all purposes
of the Indenture and the Note Purchase Agreement, and that the failure to pay
the Fees set forth in this letter agreement shall constitute an Amortization
Event for purposes of Section 5.1 of the Indenture.

            5. Other than as specified in the paragraphs above, all other terms
of the Note Purchase Agreement and other Transaction Documents shall continue in
full force and effect.

            6. This letter agreement shall be governed by the laws of the State
of New York.

            Please signify your agreement to and acceptance of the foregoing by
executing this letter agreement in the space provided below.

                                         Very truly yours,

                                         RESORT FINANCE LLC,
                                          as Agent and Purchaser

                                         By: /S/ THOMAS A. PERROTT
                                             -----------------------
                                             Name: THOMAS A. PERROTT
                                             Title: VICE PRESIDENT

                                       2
<PAGE>

Agreed to and accepted as
of the date first above written:

BXG RECEIVABLES NOTE TRUST 2001-A

By: Wilmington Trust Company,
    not in its individual capacity, but solely as Owner Trustee

    By: /S/ JEANNE OLLER
        ---------------------------------
        Name: JEANNE M. OLLER
        Title: FINANCIAL SERVICES OFFICER

BLUEGREEN CORPORATION, as Seller and Servicer

By: /S/ ALLAN J. HERZ
    ---------------------------
    Name: ALLAN J. HERZ
    Title: VICE PRESIDENT

Bluegreen Receivables Finance Corporation V, as Depositor

By: /S/ ALLAN J. HERZ
    ---------------------------
    Name: ALLAN J. HERZ
    Title: PRESIDENT & SECRETARY

cc:   U.S. Bank Trust National Association

                                       3EXHIBIT 10.130

                               AMENDMENT NO. 2 TO
                           SECOND AMENDED AND RESTATED
                            CREDIT FACILITY AGREEMENT

            THIS AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED CREDIT FACILITY
AGREEMENT ("Amendment No. 2") is made and entered into as of this 29th day of
August, 2003 by and among FINOVA Capital Corporation, a Delaware corporation
("Lender"), Bluegreen Corporation, a Massachusetts corporation ("Parent"),
Bluegreen Southwest One, L.P., a Delaware limited partnership ("Bluegreen One"),
Bluegreen Southwest Land, Inc., a Delaware corporation ("Bluegreen Land") and
Bluegreen Vacations Unlimited, Inc., a Florida corporation ("BVU") (Parent,
Bluegreen One, Bluegreen Land and BVU are sometimes collectively referred to as
the "Obligors" and individually as an "Obligor").

                                    RECITALS

            A. Lender and Parent are parties to a Second Amended and Restated
Credit Facility Agreement dated as of September 14, 1999 as amended by an
Amendment No. 1 to Second Amended and Restated Credit Facility Agreement dated
as of January 21, 2003 ("Credit Facility Agreement").

            B. Bluegreen One obtained various loans ("BSO Loans") from the
Lender pursuant to the Credit Facility Agreement and such loans were guaranteed
by Parent and Bluegreen Land and BVU. One or more of the BSO Loans made to
Bluegreen One are presently outstanding.

            C. BVU obtained a loan ("BVU Amber Loan") from the Lender pursuant
to the Credit Facility Agreement and such loan was guaranteed by Parent,
Bluegreen One and Bluegreen Land. The BVI Amber Loan is presently outstanding.

            D. As a Subsidiary of Parent, BVU desires to obtain another loan
under the Credit Facility Agreement for the purposes of enabling BVU to purchase
the "Bluegreen Property" as defined and provided for in that certain Sale and
Purchase Agreement between FCC Resort LLC, a Delaware limited liability company
and BVU and dated July 30, 2003 ("Sale Agreement"). As a result thereof, the
Credit Facility Agreement must be amended in certain respects.

            NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

            1. Definitions. Unless otherwise defined herein, all capitalized
      terms used herein shall have the same meaning as set forth in the Credit
      Facility

<PAGE>

      Agreement, the specific provisions of which are incorporated herein by
      reference as if fully set forth herein.

            2. Amendments.

                  2.1 Advance Formula. The definition of the term "Advance
      Formula for Acquisition/Refinacing Advance" shall be amended to permit, on
      a one-time basis, an Advance for the acquisition of the Bluegreen Property
      equal to an aggregate amount not to exceed $6,660,000 (which is 90% of the
      Buildings Purchase Price and Land Purchase Price (as those terms are
      defined in the Sale Agreement).

                  2.2. Borrowing Term. The Borrowing Term shall be opened up
      through September 5, 2003 for the limited purpose of permitting BVU to
      obtain one advance of the Loan for the purposes of financing the
      acquisition of the Bluegreen Property. For all other purposes, the
      Borrowing Term expired on March 31, 2002.

                  2.2 Effect as an Amendment. Other than as specifically set
      forth in this Amendment No. 2, the remaining terms of the Credit Facility
      Agreement and the other Loan Documents shall remain in full force and
      effect and shall remain unaffected and unchanged except as specifically
      amended hereby. In the event of any conflict between the terms and
      conditions of this Amendment No. 2 and any of the other Loan Documents,
      the provisions of this Amendment No. 2 shall control. Each reference in
      the Credit Facility Agreement to "this Agreement" shall be deemed to refer
      to the Credit Facility Agreement as amended through and including this
      Amendment No. 2, and each reference in any other Loan Document to the
      Credit Facility Agreement shall mean the Credit Facility Agreement as
      amended through and including this Amendment No. 2.

            3. Miscellaneous.

                  3.1 No Waiver. This Amendment No. 2 in no way acts as a waiver
      by Lender of any breach, default, Event of Default or Incipient Default
      (whether known or unknown to Lender) or as a release or relinquishment of
      any of the liens, security interests, rights or remedies securing payment
      and performance of the Loan Obligations or the enforcement thereof.
      Nothing contained in this Amendment No. 2 is intended to or shall be
      construed as relieving any person or entity, whether a party to this
      Amendment No. 2 or not, of any of such person's or entity's obligations to
      Lender.

                  3.2 Confirmation of Security Interests. Obligors hereby
      confirm and agree that Lender's security interest in all the Loan
      Collateral owned by Obligors or otherwise previously pledged to Lender
      shall continue to secure the payment of any and all amounts due Lender and
      the Performance of any and all of Loan Obligations owed to Lender pursuant
      to the Credit Facility Agreement

                                       2
<PAGE>

      and any of the Loan Documents, as the same have been or may be amended
      from time to time.

                  3.3 Representations, Acknowledgments, and Agreements of
      Obligors. As material inducements to Lender to enter into this Amendment
      No. 2, and acknowledging Lender's reliance upon the truth and accuracy
      thereof, Obligors warrant and represent that:

                        3.3.1 The recitals set forth above are true and correct.

                        3.3.2 The BSO Loan and the BVU Amber Loan are just and
            owing.

                        3.3.3 The obligation of Bluegreen One to repay the BSO
            Loan, together the obligations of Parent, Bluegreen Land and BVU to
            guaranty the BSO Loan, is absolute and unconditional, and there
            exists no right of set-off or recoupment, counterclaim or defense of
            any nature whatsoever to payment and Performance of the Loan
            Obligations arising out of the BSO Loan.

                        3.3.4 The obligation of BVU to repay the BVU Amber Loan,
            together the obligations of Parent, Bluegreen One and Bluegreen Land
            to guaranty the BVU Amber Loan, is absolute and unconditional, and
            there exists no right of set-off or recoupment, counterclaim or
            defense of any nature whatsoever to payment and Performance of the
            Loan Obligations arising out of the BVU Amber Loan.

                        3.3.5 As of the date hereof, no Obligor is the subject
            of a pending bankruptcy proceeding, and Obligors are not aware of
            any threatened bankruptcy proceeding against them, nor are they
            presently contemplating filing such a proceeding.

                        3.3.6 There are no proceedings pending, threatened
            against, or affecting any Obligor in any court, before any
            governmental authority, or arbitration board or tribunal which may
            now or in the future materially adversely affect any Obligor, except
            as have previously been disclosed to Lender in writing in accordance
            with the Loan Documents.

                        3.3.7 All of the representations and warranties of the
            Obligors contained in the Credit Facility Agreement and the other
            Loan Documents (as the same may have been modified or supplemented
            by, and giving effect to, the reports and disclosures provided to
            Lender by Obligors subsequent to the date of the Credit Facility
            Agreement), are true and correct, in all material respects, as of
            the date hereof and, as so modified or supplemented, are hereby
            reaffirmed and ratified.

                                       3
<PAGE>

                        3.3.8 This Amendment No. 2 and the documents and
            instruments executed in connection herewith have been authorized by
            all necessary action and, when executed, will be the legal, valid
            and binding obligations of the Obligors, enforceable against the
            Obligors in accordance their respective terms.

                        3.3.9 Obligor's execution, delivery and performance of
            this Amendment No. 2 do not and will not (i) violate any law, rule,
            regulation or court order to which any Obligor is subject; (ii)
            conflict with or result in a breach of any Obligor's organizational
            documents or any agreement or instrument to which any Obligor is
            party or by which it or its properties are bound, or (iii) result in
            the creation or imposition of any lien, security interest or
            encumbrance on any property of an Obligor, whether now owned or
            hereafter acquired, other than liens in favor of Lender.

                        3.3.10 Obligors acknowledge that they have consulted
            with counsel and with such other experts and advisors as it has
            deemed necessary in connection with the negotiation, execution and
            delivery of this Amendment No. 2. This Amendment No. 2 shall be
            construed without regard to any presumption or rule requiring that
            it be construed against the party causing this Amendment No. 2 or
            any part hereof to be drafted.

            4. Release of all Claims. Obligors hereby release, remise, acquit
and forever discharge Lender and Lender's employees, agents, representatives,
consultants, attorneys, fiduciaries, servants, officers, directors, partners,
predecessors, successors and assigns, subsidiary corporations, parent
corporations, and related corporate divisions (all of the foregoing hereinafter
called the "Released Parties"), from any and all actions and causes of action,
judgments, executions, suits, debts, claims, demands, liabilities, obligations,
damages and expenses of any and every character, known or unknown, direct and/or
indirect, at law or in equity, of whatsoever kind or nature, whether heretofore
or hereafter arising, for or because of any matter or things done, omitted or
suffered to be done by any of the Released Parties prior to and including the
date and execution hereof, and in any way directly or indirectly arising out of
or in any way connected to this Amendment No. 2, the Credit Facility Agreement
and the other Loan Documents (all of the foregoing hereinafter called the
"Released Matters"); provided, however, that the foregoing release shall not
apply to discharge Lender from any obligations which are expressly imposed upon
Lender pursuant to the terms of this Amendment No. 2, the Credit Facility
Agreement, or any of the other Loan Documents, as modified through the date
hereof or in connection with the Sale Agreement or the other documents executed
in connection therewith. Obligors acknowledge that the agreements in this
paragraph are intended to be in full satisfaction of all or any alleged injuries
or damages arising in connection with the Released Matters. Obligors represent
and warrant to Lender that they have not purported to transfer, assign or
otherwise convey any right, title or interest

                                       4
<PAGE>

of Obligors in any Released Matter to any other person or entity and that the
foregoing constitutes a full and complete release of all Released Matters.

            5. Payment of Costs and Expenses. Obligors agree to pay to Lender at
closing all costs and expenses, including but not limited to reasonable
attorneys' fees and recording costs, incurred by Lender in connection with the
preparation and execution of this Amendment No. 2, the agreements pertaining to
the Loan to be made to BVU for the acquisition of the Bluegreen Property and the
documents prepared or executed in connection herewith or thereafter.

            6. CHOICE OF LAW. THIS AMENDMENT NO. 2 AND ANY DOCUMENTS EXECUTED
PURSUANT HERETO, SHALL BE PERFORMED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF ARIZONA.

            7. Entire Agreement. The Loan Documents as modified by this
Amendment No. 2 and the documents executed pursuant hereto embody the entire
agreement and understanding between Obligors and Lender, and supersede all prior
agreements and understandings between said parties relating to the subject
matter thereof. The parties each warrant to the other that no promise,
inducement, representation, or agreement that has not been expressed herein or
is not otherwise set forth in the Loan Documents has been made to them in
connection with the deliberations or negotiations leading up to the execution of
this Amendment No. 2.

            8. Headings. The headings used in this Amendment No. 2 are used
solely for convenience of reference, and do not constitute substantive
provisions to be considered in construing the terms hereof.

            9. Counterparts; Telecopy Execution. This Amendment No. 2 may be
executed in any number of separate counterparts, each of which, when taken
together, shall constitute one and the same agreement, admissible into evidence,
notwithstanding the fact that all parties have not signed the same counterpart.
Delivery of an executed counterpart of this Amendment No. 2 by telefacsimile
shall be equally as effective as delivery of a manually executed counterpart of
this Amendment No. 2. Any party delivering an executed counterpart of this
Amendment No. 2 by telefacsimile shall also deliver a manually executed
counterpart of this Amendment No. 2, but the failure to deliver a manually
executed counterpart shall not affect the validity, enforceability, and binding
effect of this Amendment No. 2.

                            [SIGNATURE PAGES FOLLOWS]

                                       5
<PAGE>

            IN WITNESS WHEREOF, these presents are executed as of the date first
indicated above.

                                          Bluegreen Corporation, a Massachusetts
                                          corporation

                                          By:   /S/ RANDI TOMPKINS
                                                ------------------------------
                                          Name: RANDI S. TOMPKINS
                                                ------------------------------
                                          Title: V.P.
                                                ------------------------------

                                          Bluegreen Vacations Unlimited, Inc.,
                                          a Florida corporation

                                          By:   /S/ DAVID BIDGOOD
                                                ------------------------------
                                          Name: DAVID BIDGOOD
                                                ------------------------------
                                          Title: V.P.
                                                ------------------------------

                                          Bluegreen Southwest One, L.P.,
                                          a Delaware limited partnership

                                          By: Bluegreen Southwest Land, Inc., a
                                              Delaware corporation, its general
                                              partner

                                          By:   /S/ RANDI TOMPKINS
                                                ------------------------------
                                          Name: RANDI S. TOMPKINS
                                                ------------------------------
                                          Title: V.P.
                                                ------------------------------

                                          Bluegreen Southwest Land, Inc.,
                                          a Delaware corporation

                                          By:   /S/ RANDI TOMPKINS
                                                ------------------------------
                                          Name: RANDI S. TOMPKINS
                                                ------------------------------
                                          Title: V.P.
                                                ------------------------------

                                       6
<PAGE>

                                          FINOVA Capital Corporation, a Delaware
                                          corporation

                                          By:   /S/ ROGER SCHROEDER
                                                ------------------------------
                                          Name: ROGER D. SCHROEDER
                                                ------------------------------
                                          Title: VICE PRESIDENT
                                                ------------------------------

                                       7

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