Wells Fargo Bank P.O. Box 291308 Kerrville,7X 7 802 8-1 3 08 830 896-2424 830 896-2445 Fax VIA FACSIMILE NO.: 830/896-8481 December 31, 2002 Kerr County Road and Bridge Department 4010 San Antonio Highway Kerrville, Texas 78028 Attn: Frank Johnston Re: Paso Creek Ranch, Inc. -Letter of Credit #NDS426274 Dear Mr. Johnston: ~~~ 7 ~~~ An Amendment for a ninety (90) extension has been approved and requested on the above referenced letter of credit. Original maturity date of 01-11-03 will be extended to 04/11/03. Original Amendment will be sent to your ofi tce via courier within the next week. If you should have any questions or need anything further, please do not hesitate to contact me at 830/792-7808. Sincerely, ar a t J bes g o B siness Banker Cc: Judge Pat Tinley /Kerr County Commissioners Court ~ .~ F y L n. z6 ~ 1 P • R, RTiRR