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IRREVOCABLE STANDBY LETTER OF CREDIT NO. SB99-8243 AMENDMENT 1 CALIFORNIA BANK & TRUST International Operations 250E. First Street, Ste 500 Los Angeles. California 90012 Phone: (213) 633-5660 S.W,I.F.T. CALBUS66 Telex: 470075 SUMTUI AmendJent of Standby Letter of Credit RECEIVED DEe 2 9 2000 CITY ATTORNEY December 27,2000 IRREVOCABLE STANDBY LETTER OF CREDlT NO. SB99-8243 AMENDMENT BENEFICIARY: CITY OF CLEARWATER, FL 112 SOUTH OSCEOLA AVENUE CLEARWATER, FL 33756 ATTN: CITY ATTORNEY - PAM AKIN LETTER OF CREDIT DATE: March 24, 2000 CURRENT AMOUNT: USD2,137,500,00 Dear SirlMadam: We have been requested by CHURCH OF SCIENTOLOGY RELIGIOUS TRUST, 6331 HOLLYWOOD BLVD., LOS ANGELES, CA 90028 to amend the above referenced IRREVOCABLE LETTER OF CREDIT issued in your favor, as follows: The new expiry date of this letter of credit is: October 1, 2001 All other terms and conditions remain the same. This amendment is an integral part of the captioned letter of credit and must be attached to the said letter in your possession. Si"""IYj\~ Authorized Signature