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IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER SB99-9821 AMENDMENT \, CALIFORNIA BANK & TRUST International Operations 550 South Hope Street, 3rd Floor Los Angeles, California 90071 S.W.I.F.T. CALBUS66 Amendment of Standby Letter of Credit March 9, 2006 IRREVOCABLE STANDBY LETTER OF CREDIT NO. SB99-9821 AMENDMENT BENEFICIARY: CITY OF CLEARWATER, FL 112 SOUTH OSCEOLA AVENUE CLEARWATER, FL 33756 ATTN: CITY ATTORNEY - PAM AKIN LETTER OF CREDIT DATE: March 6, 2006 CURRENT AMOUNT: USD2,137,500.00 Dear Sir/Madam: We have been requested by CHURCH OF SCIENTOLOGY RELIGIOUS TRUST, 6331 HOLLYWOOD BL YD., LOS ANGELES, CA 90028 to amend the above referenced IRREVOCABLE LETTER OF CREDIT issued in your favor, as follows: The paragraph that reads: "Beneficiary's statement, signed by the City Manager or City Attorney, certifYing: In connection with the construction of the Church of Scientology Ministerial Training and Pastoral Counseling Center (Center) in Clearwater, Florida, the owner has on or before December 3 I, 2000, failed to:" Now reads as follows: "Beneficiary's statement, signed by the City Manager or City Attorney, certifYing: In connection with the construction ofthe Church of Scientology Ministerial Training and Pastoral Counseling Center (Center) in Clearwater, Florida, the owner has on or before July 2, 2006, failed to:" All other terms and conditions remain the same. This amendment is an integral part of the captioned letter of credi t and must be attached to the said letter in your posseSSIOn. If you have any questions concerning this traysaCiion, please call us at (213) 593-2131, (213) 593-2130 or (213) 593-2123. 12t~ AutlmDzedSignature .;.~:.i'ri.rnQ AJ1c'r1tc~r(j