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SECOND AMENDMENT TO TAKODA SUBDIVISION AGREEMENT This Second Amendment to Takoda Subdivision Agreement (the"Second Amendment") is made and entered into as of the -day of November 2011, by and between the City of Louisville,a municipal corporation, in the County of Boulder; State of Colorado (''City"), The Ryland Group, Inc. a Maryland corporation ("Ryland"),Takoda Properties: Inc.,a Colorado corporation(-Takoda-), and Summit View Professional Park, LLC, a Colorado limited liability company("Summit View''); Boulder Creek Takoda, LLC, Colorado limited liability company ("Boulder Creek"). Ryland,Takoda, Summit View,and Boulder Creek are hereinafter referred to individually as such, and are collectively, referred to as"Subdivider;" RECITALS WHEREAS,on October 4, 2010,City and Subdivider entered into the Takoda Subdivision Agreement(the"Subdivision Agreement"),which Subdivision Agreement was recorded in the offices of the Boulder County Clerk and Recorder on October 6.2010 at Reception No. 03103590; and WHEREAS,on October 21,2011, City and Subdivider entered into the First Amendment to Takoda Subdivision Agreement(the,"First Amendment"),which First Amendment was recorded in the offices of the Boulder County Clerk and Recorder on October 21,2011 at Reception No. 03179565; and WHEREAS, City and Subdivider have determined that certain revisions are required to the Subdivision Agreement,the Schedule of Improvements attached to the Subdivision Agreement as Exhibit B,the Phasing Plan attached to the Subdivision Agreement as Exhibit B-1, and the Regional.Improvement,Plan attached to the Subdivision Agreement as Exhibit B-2; and WHEREAS, Ryland is the owner of that real property described as Blocks 1 and 6 , Takoda, County of Boulder,State of Colorado, according to the subdivision plat thereof;and WHEREAS. Ryland has further requested an amendment to the Subdivision Agreement to allow the issuance of a limited number of additional certificates of occupancy in Blocks i and 6 prior to the granting of construction acceptance for the Phase 1 improvements; WHEREAS, Boulder Creek is the owner of that real property described as Blocks 15 and 16, Takoda, County of Boulder, State of Colorado,according to the subdivision plat thereof; and WHEREAS, Boulder Creek has further requested an amendment to the Subdivision Agreement to allow the issuance of a limited number of additional certificates of occupancy in Blocks 15 and 16 prior to the granting of construction acceptance for the Phase 1 improvements; I