been determined to be consistent with the Virgin Islands Coastal Zone Management Act by the St. Thomas Committee of the Virgin Islands Coastal Zone Management Commission. The project Is located seaward of Parcel C, Little St. James Island. rely. treTleOriol tor : file EFTA00316190

erty in January 2007, os recorded in the St. Thomas/St. Johns Deed Records. The submerged land is currently under the ownership of the Coastal Zone Management Commission and leased to IGY-AYH St. Thomas Holdings, LLC through September 14, 2010 via an assignment under a Coastal Zone Management Permit (CZM). The curren

in connection therewith (the "CMZ Permits") to be effective upon the later to occur of (a) the approval of St. Thomas Committee of the Coastal Zone Management Commission ("CZM") of said Assignment or (b) the Closing Date. 3. The Assignee specifically undertakes (a) to operate and use the property and tights accorde