Document:

First Amend to Summit Lease

 EXHIBIT 10.20 
  
 FIRST AMENDMENT TO LEASE 
  
 THIS FIRST AMENDMENT TO LEASE (this “Amendment”), made and entered into as of the 11th day of December, 2003, by and between PERIMETER SUMMIT PARCEL 2 LIMITED PARTNERSHIP, a Georgia limited partnership (“Landlord”), and
HOMEBANC MORTGAGE CORPORATION, a Delaware corporation (“Tenant”); 
  
 W I T N E S S E T H  T H A T: 
  
 WHEREAS, Landlord and Tenant entered into that certain Lease Agreement dated June 25, 2003 (the “Lease”), for certain premises in the building located at 2002 Summit Boulevard, Atlanta, Georgia (the
“Building”), consisting of 141,719 square feet of net rentable area on Floors 1 through 6 and Floor 18 of the Building known or to be known as Suite 100 (the “Premises”); 
  
 WHEREAS, Tenant has notified Landlord in writing of its election to
expand the Premises (as provided in Section 1.01(a) of the Lease) by adding thereto 2,232 square feet of net rentable area of office space on the first floor of the Building; 
  
 WHEREAS, Landlord has agreed to lease the additional office space to Tenant and Tenant has agreed to lease from
Landlord such additional office space; 
  
 WHEREAS,
Landlord and Tenant acknowledge and agree that such expansion of the Premises will be considered part of the Phase II Space for all purposes of the Lease, including, without limitation, the Phase II Rent Commencement Date in accordance with Section
1.01(a) of the Lease; 
  
 WHEREAS, in addition to the
Tenant Improvement Allowance and Supplemental Improvement Allowance to be provided by Landlord for the Additional 1st Floor Space, as defined below, Landlord has agreed to contribute up to fifty percent (50%) of Tenant’s actual costs to install restrooms within the portion of the Premises located in suite 100-B of the Building, which
contribution shall not exceed Fifty Thousand and No/100 Dollars ($50,000.00); 
  
 WHEREAS, Landlord and Tenant desire to evidence such expansion of the Premises, Landlord’s contribution to the installation of Tenant’s restrooms, and to amend certain other terms and conditions of
the Lease and evidence their agreements and other matters by means of this Amendment; 
  
 NOW THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the Lease is hereby
amended and the parties hereto do hereby agree as follows: 
  

	1.	Grant of Expansion Space. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord approximately 2,232 square feet of net rentable area of office space on the
first floor of the Building (the “Additional 1st Floor Space”) (the Additional 1st Floor Space being deemed a part of the Phase II Space and being hereinafter referred to as the “Additional Phase II
Space”) as shown on Exhibit A attached hereto and by this reference made a part hereof, increasing the total net rentable area of space leased pursuant to the Lease to approximately 143,951. As of the date hereof, the net rentable area
of the Phase II Space shall be deemed to be 95,625. 

  

	2.	Terms of Expansion. The Lease is hereby amended by adding the Additional Phase II Space as part of the Premises, subject to the following terms and conditions:

  

	 	a.	Upon the execution of this Amendment, the Additional Phase II Space shall be added as part of the Premises for all purposes, except as set forth herein. Adjustments of Base Rental,
Additional Rental, Tenant’s Forecast Additional Rental, Tenant’s Percentage Share and the Visitor Parking Credit shall be effective upon the Phase II Rent Commencement Date as defined in Section 2.01(a) of the Lease. The Additional Phase
II Space shall be subject to all terms and conditions of the Lease, as amended hereby, and all references in the Lease to the Premises shall be deemed to include the Additional Phase II Space. The term of Tenant’s lease of the Additional Phase
II Space shall be the term of the Lease, unless extended or sooner terminated in accordance with the provisions of the Lease. Tenant shall pay Net Base Rental for the Additional Phase II Space in accordance with Paragraph 1 of Exhibit
“H” and Section 2.02 of the Lease. 

  

	 	b.	Tenant agrees that it shall construct the tenant improvements for the Additional 1st Floor Space in a good and workmanlike manner substantially in accordance with Exhibit D
to the Lease at Tenant’s sole cost and Landlord shall provide to Tenant an allowance with respect to the Additional 1st Floor Space in accordance with Paragraph III of Exhibit C (Building Standard Tenant Allowances) to the Lease.

  

	 	c.	Section 3.04 is hereby amended by deleting the amount of the Visitor Parking Credit of “Thirteen Thousand and No/100 Dollars ($13,000.00)” and replacing it with the amount
of “Thirteen Thousand Two Hundred and 88/100 Dollars ($13,200.88)”. 

  

	 	d.	Exhibit C is hereby amended by deleting the first two (2) sentences of the first paragraph of Paragraph II, Tenant Improvement Allowance, and substituting the following in
lieu thereof: 

  
 “Landlord agrees to provide
to Tenant an allowance with respect to the Premises of a total of $31.00 per square foot of net rentable area of office space (not storage space) based on the number of square feet in the Premises 

  

 2 

 
as finally determined in accordance with Section 1.01(c) of this lease (the “Tenant Improvement Allowance”). Based on the projected number of
rentable square feet in the Premises, the Tenant Improvement Allowance would be $4,462,481.00 (i.e., 143,951 rsf x $31.00 prsf = $4,462,481.00).” 
  

	 	e.	Exhibit C is hereby amended by deleting the amount of the Supplemental Tenant Improvement Allowance of “$642,281.00” and replacing it with the amount of
“$656,469.00.” 

  

	3.	Landlord’s Contribution to Tenant’s Restrooms. In addition to the Tenant Improvement Allowance and Supplemental Improvement Allowance to be provided by Landlord to
Tenant as described in Sections 2(d) and 2(e) above, Landlord agrees to provide to Tenant up to fifty percent (50%) of Tenant’s actual costs of installing restrooms (“Landlord’s Contribution”) within the portion of the Premises
located in suite 100-B of the Building (“Tenant’s Lobby Level Restrooms”); provided, however, Landlord’s Contribution shall in no event exceed $50,000.00. Landlord’s Contribution shall be paid to Tenant by Landlord upon the
last to occur of the following: (i) substantial completion of Tenant’s Lobby Level Restrooms; (ii) issuance of a certificate of occupancy for Tenant’s Lobby Level Restrooms; (iii) submission of written evidence to Landlord that
Tenant’s Lobby Level Restrooms were completed free of all liens and other encumbrances; and (iv) Landlord’s receipt of invoices actually paid by Tenant in connection with the installation of Tenant’s Lobby Level Restrooms.

  

	4.	Brokers. Landlord and Tenant represent and warrant to the other that neither it nor its officers or agents nor anyone acting on its behalf has dealt with any real estate
broker other than Hines Properties, Inc. who represented Landlord and Equis Corporation who represented Tenant in the negotiating or making of this Amendment, and Landlord and Tenant agree to indemnify and hold the other, its agents, employees,
partners, directors, shareholders and independent contractors harmless from all liabilities, costs, demands, judgments, settlements, claims, and losses, including reasonable attorneys’ fees and costs, incurred by the other party in conjunction
with any such claim or claims of any other broker or brokers claiming to have interested Tenant in the Building or Premises or claiming to have caused Tenant to enter into this Amendment or claiming, in the case of Landlord, to have represented
Landlord in this transaction. 

  

	5.	No Defaults. Tenant hereby agrees that there are, as of the date hereof, regardless of the giving of notice or the passage of time, or both, no defaults or breaches on the
part of Landlord or Tenant under the Lease. 

  

	6.	Capitalized Terms. All capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Lease. 

  

	7.	Headings. The headings used herein are provided for convenience only and are not to be considered in construing this Amendment. 

  

 3 

	8.	Binding Effect. This Amendment shall not be valid and binding on Landlord and Tenant unless and until it has been completely executed by and delivered to both parties.

  
 EXCEPT AS expressly amended and modified
hereby, the Lease shall otherwise remain in full force and effect, the parties hereto hereby ratifying and confirming the same. To the extent of any inconsistency between the Lease and this Amendment, the terms of this Amendment shall control. Any
reference to the “Lease,” as set forth in the Lease, shall mean the Lease as amended pursuant to this Amendment. 
  
 IN WITNESS WHEREOF, the undersigned parties have duly executed this Amendment as of the day and year first above written. 
  

																	
	LANDLORD:	 	 	 	TENANT:
			
	 PERIMETER SUMMIT PARCEL 2
 LIMITED
PARTNERSHIP, a Georgia
 limited partnership
	 	 	 	 HOMEBANC MORTGAGE CORPORATION,
 a
Delaware corporation

					
	By:	 	 2002 Perimeter Summit Realty LLC, a
 Delaware limited liability company, as
 General Partner
	 	 	 	By:	 	 /s/ David A. Robinson

	 	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 Name:
	 	 DAVID A. ROBINSON

	 	 	 	 	 	 	 Title:
	 	 SENIOR VICE PRES.

							
	 	 	 	 	 By:
	 	 /s/

	 	 	 	 	 	 
							
	 	 	 	 	 Name:
	 	
	 	 	 	 	 	 
							
	 	 	 	 	 Title:
	 	
	 	 	 	 	 	 
						
	 	 	 By:
	 	 Hines 2002 Summit Associates Limited
 Partnership, a Texas limited partnership,
 as General Partner
	 	 	 	 	 	 
							
	 	 	 	 	 By:
	 	 Hines Interests Limited Partnership,
 a Delaware limited partnership,
 as Sole General Partner
	 	 	 	 	 	 
								
	 	 	 	 	 	 	 By:
	 	 Hines Holdings, Inc., a Texas
 corporation, as General Partner
	 	 	 	 	 	 
									
	 	 	 	 	 	 	 	 	 By:
	 	 /s/ Robert P. Voyles

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 Robert P. Voyles
	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 Senior Vice President
	 	 	 	 	 	 

  

 4 

 EXHIBIT “A” 
  
 OUTLINE OF ADDITIONAL 1ST FLOOR SPACE 
  

 [GRAPHIC]Letter of Credit from JP Morgan

 EXHIBIT 10.21 
  
  
 JPMORGAN CHASE BANK 
  

					
	 JPMorgan
 JPMorgan Chase Bank
 Global Trade Services
	 	 	 	 ISSUE DATE: AUGUST 27, 2003
 L/C NO. : D-240707      

  

			
	Advising Bank	  	 
		
	 	  	APPLICANT:
	************DIRECT************	  	 HOMEBANC MORTGAGE CORPORATION
 5555 GLENRlDGE
CONNECTOR NE. STE 800
 ATLANTA, GA 30342

		
	Beneficiary	  	 
		
	 Illegible
  
 PERIMETER SUMMIT PARCEL 2 LIMITED
 PARTNERSHIP
 FIVE RAVINIA DRIVE
 ATLANTA, GA 30346-2102
	  	 AMOUNT: USD 3, 500,000.00
 (THREE MILLION FIVE
HUNDRED
 THOUSAND AND 00/100 UNITED
 STATES
DOLLARS)

  
 WE HEREBY ESTABLISH OUR IRREVOCABLE
STANDBY LETTER OF CREDIT NUMBER D-240707 IN YOUR FAVOR IN THE AMOUNT OF $3,500, 000. 00 (THREE MILLION FIVE HUNDRED THOUSAND AND 00/100 UNITED STATES DOLLARS). 
  

EACH DRAFT MUST BE SIGNED BY AN AUTHORIZED REPRESENTATIVE OF BENEFICIARY AND MUST BEAR UPON ITS FACE THE TERMS: 
  
 “DRAWN UNDER LETTER OF CREDIT NO. D-240707 DATED AUGUST 27, 2003, OF JP MORGAN CHASE
BANK. 
  
 DRAFTS MUST BE PRESENTED DURING NORMAL BANKING HOURS AND MUST BE
ACCOMPANIED BY THE ORIGINAL LETTER OF CREDIT AND A CERTIFICATE SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE BENEFICIARY STATING AS FOLLOWS: 
  
 (1) “ WE CERTIFY THAT EITHER (I) HOMEBANC MORTGAGE CORPORATION ( OR ITS SUCCESSOR) HAS DEFAULTED IN ITS OBLIGATIONS TO PERIMETER SUMMIT PARCEL 2 LIMITED PARTNERSHIP
(OR ITS SUCCESSOR) BEYOND APPLICABLE NOTICE AND CURE PERIODS, AND THAT THE AMOUNT REPRESENTED BY THE ACCOMPANYING DRAFT IS DUE AND OWING TO PERIMETER SUMMIT PARCEL 2 LIMITED PARTNERSHIP (OR ITS SUCCESSOR), OR (II) WE HAVE RECEIVED NOTIFICATION FROM
JP MORGAN CHASE (OR ITS SUCCESSOR) THAT IT IS NOT RENEWING LETTER OF CREDIT NO. D-240707 BEYOND THE CURRENT EXPIRATION DATE AND HOMEBANC MORTGAGE CORPORATION (OR ITS SUCCESSOR) HAS FAILED TO PROVIDE PERIMETER SUMMIT PARCEL 2 LIMITED
PARTNERSHIP (OR ITS SUCCESSOR) WITH A REPLACEMENT LETTER OF CREDIT WITHIN THE SPECIFIED TIME FRAME AS REQUIRED BY THE LEASE, OR( III) HOMEBANC MORTGAGE CORPORATION (OR ITS SUCCESSOR) HAS FAILED TO PROVIDE A REPLACEMENT LETTER OF CREDIT TO PERIMETER
SUMMIT PARCEL 2 LIMITED PARTNERSHIP (OR ITS SUCCESSOR) AS OTHERWISE REQUIRED UNDER THE LEASE.” 
  
 THE EXPIRATION DATE OF THIS LETTER OF CREDIT IS MARCH 1, 2OO4. THIS LETTER OF CREDIT SHALL BE DEEMED AUTOMATICALLY EXTENDED, WITHOUT AMENDMENT. FOR ONE YEAR AND YEAR TO YEAR FROM EACH EXPIRATION DATE HEREOF, UNLESS
BENEFICIARY RECEIVES WRITTEN NOTICE FROM THE UNDERSIGNED BANK (OR ITS SUCCESSOR) BY CERTIFIED MAIL OR OVERNIGHT COURIER SERVICE AT THE ABOVE ADDRESS, AT LEAST THIRTY (30) DAYS PRIOR TD SUCH EXPIRATION DATE, THAT THIS LETTER OF CREDIT WILL NOT BE
EXTENDED BEYOND ITS NEXT EXPIRATION DATE. HOWEVER IN NO EVENT SHALL THIS LETTER OF CREDIT BE EXTENDED 
  
 -CONTINUED- 
  

	
	
	 /s/ Illegible

	

	Authorized Signature

  

 - 1 - 

 JPMORGAN CHASE BANK 
  

					
	 JPMorgan
 JPMorgan Chase Bank
 Global Trade Services
	 	 	 	 ISSUE DATE: AUGUST 27, 2003
 L/C NO. : D-240707      

  

			
	Advising Bank	  	 
		
	 	  	APPLICANT:
	************DIRECT************	  	 HOMEBANC MORTGAGE CORPORATION
 5555 GLENRlDGE
CONNECTOR NE. STE 800
 ATLANTA, GA 30342

		
	Beneficiary	  	 
		
	 Illegible
  
 PERIMETER SUMMIT PARCEL 2 LIMITED
 PARTNERSHIP
 FIVE RAVINIA DRIVE
 ATLANTA, GA 30346-2102
	  	 AMOUNT: USD 3, 500,000.00
 (THREE MILLION FIVE
HUNDRED
 THOUSAND AND 00/100 UNITED
 STATES
DOLLARS)

  
 BEYOND THE FINAL EXPIRY DATE OF MARCH
1, 2011. 
  
 IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT IS TRANSFERABLE
AND MAY BE TRANSFERRED IN ITS ENTIRETY, BUT NOT IN PART, AND MAY BE SUCCESSIVELY TRANSFERRED BY BENEFICIARY OR ANY TRANSFEREE OF BENEFICIARY HEREUNDER TO A SUCCESSOR TRANSFEREE(S). TRANSFER UNDER THIS LETTER OF CREDIT TO SUCH TRANSFEREE SHALL BE
EFFECTED UPON PRESENTATION TO US OF THE ORIGINAL OF THIS LETTER OF CREDIT AND ANY AMENDMENTS HERETO, ACCOMPANIED BY A REQUEST DESIGNATING THE TRANSFEREE IN THE FORM PROVIDED BY US TO BENEFICIARY, APPROPRIATELY COMPLETED, ALONG WITH PAYMENT OF OUR
TRANSFER FEE OF $2,500 (TWO THOUSAND FIVE HUNDRED DOLLARS). 
  
 WE HEREBY AGREE
WITH YOU THAT A DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS LETTER OF CREDIT WILL BE DULY HONORED BY US ON DELIVERY OF THE DOCUMENTS REQUIRED IF PRESENTED FOR PAYMENT TO THE UNDERSIGNED BANK AT JPMORGAN CHASE BANK, ATTN: JPMORGAN
TREASURY SERVICES, GLOBAL TRADE SERVICES, BUILDING 2, 4TH FLOOR, 10420 HIGHLAND MANOR DRIVE, TAMPA, FLORIDA 33610 ON OR BEFORE THE EXPIRATION DATE STATED ABOVE. PARTIAL DRAWS ARE PERMITTED UNDER THIS LETTER OF CREDIT. THE ORIGINAL OF THIS LETTER OF
CREDIT WILL BE RETURNED TO THE BENEFICIARY UNLESS IT IS FULLY UTILIZED 
  
 PROVIDED THAT YOU HAVE NOT PROVIDED US WITH WRITTEN NOTICE THAT ( I) A MONETARY EVENT OF DEFAULT UNDER THE LEASE HAS OCCURRED AND REMAINS UNCURED BEYOND ANY APPLICABLE NOTICE AND CURE PERIOD AND/OR (II) THAT HOMEBANC MORTGAGE CORPORATION
HAS FAILED TO DEMONSTRATE TO BENEFICIARY TO BENEFICIARY’S REASONABLE SATISFACTION THAT HOMEBANC MORTGAGE CORPORATION MEETS THE FINANCIAL METRICS I CRITERIA, AS DEFINED IN THE LEASE, THEN THE LETTER OF CREDIT SHALL REDUCE AS OF MARCH 1, 2009 TO
THE AMOUNT OF $1, 750, 000. 00. 
  
 FURTHERMORE, PROVIDED THAT YOU HAVE NOT
PROVIDED US WITH WRITTEN NOTICE THAT (I) A MONETARY EVENT OF DEFAULT UNDER THE LEASE HAS OCCURRED AND REMAINS UNCURED BEYOND ANY APPLICABLE NOTICE AND CURE PERIOD AND/OR (II) THAT HOMEBANC MORTGAGE CORPORATION HAS FAILED TO DEMONSTRATE TO
BENEFICIARY TO BENEFICIARY’S REASONABLE SATISFACTION THAT HOMEBANC MORTGAGE CORPORATION MEETS THE FINANCIAL METRICS I CRITERIA, AS DEFINED IN THE LEASE, THEN THE LETTER OF CREDIT SHALL REDUCE AS OF MARCH 1, 2010 TO THE AMOUNT 
  
 -CONTINUED- 
  

	
	
	 /s/

	

	Authorized Signature

  

 - 2 - 

 JPMORGAN CHASE BANK 
  

					
	 JPMorgan
 JPMorgan Chase Bank
 Global Trade Services
	 	 	 	 ISSUE DATE: AUGUST 27, 2003
 L/C NO. : D-240707      

  

			
	Advising Bank	  	 
		
	 	  	APPLICANT:
	************DIRECT************	  	 HOMEBANC MORTGAGE CORPORATION
 5555 GLENRlDGE
CONNECTOR NE. STE 800
 ATLANTA, GA 30342

		
	Beneficiary	  	 
		
	 Illegible
  
 PERIMETER SUMMIT PARCEL 2 LIMITED
 PARTNERSHIP
 FIVE RAVINIA DRIVE
 ATLANTA, GA 30346-2102
	  	 AMOUNT: USD 3, 500,000.00
 (THREE MILLION FIVE
HUNDRED
 THOUSAND AND 00/100 UNITED
 STATES
DOLLARS)

  
 OF $875, 000. 00. 
  
 PROVIDED THAT YOU HAVE NOT PROVIDED US WITH WRITTEN NOTICE THAT (I) A MONETARY EVENT OF
DEFAULT UNDER THE LEASE HAS OCCURRED AND REMAINS UNCURED BEYOND ANY APPLICABLE NOTICE AND CURE PERIOD AND/OR (II) THAT HOMEBANC MORTGAGE CORPORATION HAS FAILED TO DEMONSTRATE TO BENEFICIARY TO BENEFICIARY’S REASONABLE SATISFACTION THAT HOMEBANC
MORTGAGE CORPORATION MEETS THE FINANCIAL METRICS I CRITERIA,. AS DEFINED IN THE LEASE, THEN THE LETTER OF CREDIT SHALL TERMINATE ON MARCH 1, 2011. 
  
 IN ADDITION, THE UNDERSIGNED ACKNOWLEDGES THAT UPON RECEIPT OF NOTICE FROM BENEFICIARY THAT (I) NO MONETARY EVENT OF DEFAULT UNDER THE LEASE HAS OCCURRED AND REMAINS
UNCURED BEYOND ANY APPLICABLE NOTICE AND CURE PERIOD AND (II) THAT HOMEBANC MORTGAGE CORPORATION HAS DEMONSTRATED TO BENEFICIARY TO BENEFICIARY’S REASONABLE SATISFACTION THAT HOMEBANC MORTGAGE CORPORATION HAS MET THE FINANCIAL METRICS II
CRITERIA, AS DEFINED IN THE LEASE, FOR THE IMMEDIATELY PRECEDING CONSECUTIVE 12-MONTH PERIOD, THEN THE LETTER OF CREDIT WILL TERMINATE UPON RECEIPT OF SUCH NOTICE FROM BENEFICIARY. 
  
 THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICES FOR DOCUMENTARY CREDITS (1993 REVISION), INTERNATIONAL CHAMBER OF
COMMERCE, PUBLICATION 500. 
  

	
	
	 /s/

	

	Authorized Signature

  

 - 3 - 

 DATE:                                     

 
 TO: 
 JPMORGAN CHASE BANK 
 C/O JPMORGAN TREASURY SERVICES 
 GLOBAL TRADE SERVICES 
 10420 HIGHLAND MANOR DRIVE 
 TAMPA, FLORIDA 33610 
 ATTENTION: STANDBY LETTER OF CREDIT DEPARTMENT 
  

	 	RE:	LETTER OF CREDIT NO.
                                        

 ISSUED BY: JPMORGAN CHASE BANK 
  
 GENTLEMEN: 
  
 FOR VALUE RECEIVED, THE UNDERSIGNED BENEFICIARY HEREBY IRREVOCABLY TRANSFERS TO: 
  
 ________________________________________________________________________________________________________ 
 NAME OF TRANSFEREE 
  
  
 ________________________________________________________________________________________________________ 
 ADDRESS 
  
  
  
 ________________________________________________________________________________________________________ 
  
 ALL RIGHTS OF THE UNDERSIGNED BENEFICIARY TO DRAW UNDER THE ABOVE LETTER OF CREDIT IN ITS ENTIRETY. 
  
 BY THIS TRANSFER, ALL RIGHTS OF THE UNDERSIGNED BENEFICIARY IN SUCH LETTER OF
CREDIT ARE TRANSFERRED TO THE TRANSFEREE AND THE TRANSFEREE SHALL HAVE THE SOLE RIGHTS AS BENEFICIARY THEREOF, INCLUDING SOLE RIGHTS RELATING TO ANY AMENDMENTS WHETHER INCREASES OR EXTENSIONS OR OTHER AMENDMENTS AND WHETHER NOW EXISTING OR HEREAFTER
MADE. ALL AMENDMENTS ARE TO BE ADVISED DIRECT TO THE TRANSFEREE WITHOUT NECESSITY OF ANY CONSENT OF OR NOTICE TO THE UNDERSIGNED BENEFICIARY. 
  
 THE ORIGINAL OF SUCH LETTER OF CREDIT IS RETURNED HEREWITH, AND WE ASK YOU TO ENDORSE THE TRANSFER ON THE REVERSE HEREOF, AND FORWARD IT DIRECT TO THE
TRANSFEREE WITH YOUR CUSTOMARY NOTICE OF TRANSFER. 
  
 PLEASE
DEBIT OUR ACCOUNT NO.                  FOR USD                  OR

  
 ENCLOSED IS REMITTANCE OF USD
                 VIA CERTIFIED CHECK IN PAYMENT OF YOUR TRANSFER COMMISSION AND IN ADDITION THERETO WE AGREE TO PAY TO YOU ON DEMAND ANY EXPENSES WHICH MAY BE
INCURRED BY YOU IN CONNECTION WITH THIS TRANSFER. 
  

	
	SINCERELY,
	
	 
	

	 NAME OF BENEFICIARY

	 
	

	 AUTHORIZED NAME & TITLE

	 
	

	 AUTHORIZED SIGNATURE

	 
	

	 TELEPHONE NUMBER

  
  
 THE ABOVE SIGNATURE, WITH TITLE AS STATED, CONFORMS WITH THAT ON FILE WITH US AND IS AUTHORIZED FOR EXECUTION OF SUCH INSTRUMENTS. 
  

	
	
	 
	

	 NAME & ADDRESS OF BANK

	 
	

	 AUTHORIZED NAME & TITLE

	 
	

	 AUTHORIZED SIGNATURE

	 
	

	 TELEPHONE NO.

  
 THIS FORM MUST
BE EXECUTED IN DUPLICATE. 
  

 DATE: SEPTEMBER 8, 2003 
  
 AMENDMENT TO IRREVOCABLE STANDBY LETTER OF CREDIT: D-240707 APPLICANT REFERENCE NUMBER: HOMEBANC MORTGAGE CORPORATION 
  

			
	 AMENDMENT NUMBER 1
	  	 
		
	 BENEFICIARY:
	  	APPLICANT:
	 PERIMETER SUMMIT PARCEL 2
	  	HOMEBANC MORTGAGE
	 LIMITED PARTNERSHIP
	  	CORPORATION
	 FIVE RAVINIA DRIVE
	  	5555 GLENRIDGE CONNECTOR NE
	 ATLANTA, GA 30346-2102
	  	SUITE 800
	 	  	ATLANTA, GA 30342

  
 THIS AMENDMENT IS TO BE CONSIDERED AN
INTEGRAL PART OF THE ABOVE LETTER OF CREDIT AND MUST BE ATTACHED THERETO. 
  
 THE
ABOVE MENTIONED LETTER OF CREDIT IS AMENDED AS FOLLOWS: 
  
 1. THE PARAGRAPH WHICH
COMMENCES WITH “THE EXPIRATION DATE OF THIS LETTER OF CREDIT IS MARCH 1, 2004...” IS AMENDED BY DELETING THE LAST SENTENCE THEREOF IN ITS ENTIRETY WHICH READS “HOWEVER IN NO EVENT SHALL THIS LETTER OF CREDIT BE EXTENDED BEYOND THE
FINAL EXPIRY DATE OF MARCH 1, 2011.” 
  
 2. THE FOUR (4) PARAGRAPHS
IMMEDIATELY PRIOR TO THE LAST PARAGRAPH OF THE LETTER OF CREDIT (THE FIRST OF WHICH PARAGRAPH BEGINS WITH “PROVIDED THAT YOU HAVE NOT PROVIDED US WITH WRITTEN NOTICE THAT...”) ARE HEREBY DELETED IN THEIR ENTIRETY AND THE FOLLOWING NEW
PARAGRAPH IS SUBSTITUTED IN LIEU THEREOF: 
  
 “WE
ACKNOWLEDGE THAT THE AMOUNT OF THIS LETTER OF CREDIT MAY BE SUBJECT TO REDUCTION FROM TIME TO TIME IN ACCORDANCE WITH THE TERMS OF THE LEASE BETWEEN HOMEBANC MORTGAGE CORPORATION AND PERIMETER SUMMIT PARCEL 2 LIMITED PARTNERSHIP, BUT NO SUCH
REDUCTION SHALL OCCUR WITHOUT PRIOR WRITTEN NOTICE BEING RECEIVED FROM BENEFICIARY TO THE ISSUER AND SUCH REDUCTION SHALL BE MADE IN ACCORDANCE WITH SUCH WRITTEN NOTICE.” 
  
 ALL OTHER TERMS AND CONDITIONS OF THE LETTER OF CREDIT REMAIN UNCHANGED. 
  

	
	HOMEBANC MORTGAGE CORPORATION
	
	 /s/ JAMES L. KRAKAU

	

	 JAMES L. KRAKAU

	 SENIOR VICE PRESIDENT

  
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