INDEPENDENT CONTRACTOR CONSULTING
AGREEMENT
This THIRD
AMENDMENT TO INDEPENDENT CONTRACTOR CONSULTING AGREEMENT
(‘Third Amendment”) is made between SILVERLEAF RESORTS,
INC., a Texas corporation (“Silverleaf”), and TRADEMARK
CONSULTING, CO., a Texas corporation
(“Consultant”).
A.
Silverleaf and Thomas J. Morris (“Morris”) entered into
an Independent Contractor Consulting Agreement dated
October 14, 2002 (“Consulting
Agreement”);
B. The
Consulting Agreement was amended by the First Amendment to
Consulting Agreement dated February 19, 2004 to, among other
purposes, provide that the consulting services rendered thereunder
shall be provided by TradeMark, an affiliated company of Morris,
instead of Morris individually;
C. The
Consulting Agreement was further amended by the Second Amendment to
Consulting Agreement dated March 4, 2005 to extend the term of
the Consulting Agreement to March 15, 2006; and
D. Silverleaf
and TradeMark now desire to further amend the Consulting
Agreement.
NOW, THEREFORE, in
consideration of the premises and terms hereinafter set forth, the
parties agree as follows:
1.
Section 1 of the Consulting Agreement, as amended, shall be
amended to read in its entirety as follows:
“
Section 1 . Retention .
Consultant’s position as a consultant of Silverleaf is hereby
continued effective as of the Effective Date and for a term ending
on the earlier of (i) March 15, 2006 or (ii) the date on
which Consultant shall be paid a su
