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(SAMPLE FORM- PREPARE ON BANK LETTERHEAD) MAINTENANCE SURETY IRREVOCABLE LETTER OF CREDIT This Irrevocable Letter of Credit No. (“Irrevocable Letter of Credit”) is hereby issued on 20___ by (“Issuer”) in favor of Walton County, a political subdivision of the State of Georgia (the “County”) at the request and for the account of (“Developer”) in the amount of lawful money of the United States of America. This Irrevocable Letter of Credit shall be conditioned upon the faithful maintenance by the Developer of the public improvements for that certain development in Walton County, Georgia, located at Georgia, and being known as (the “Development”) in accordance with that certain Performance and Maintenance Agreement made and given by Developer for the benefit of the County on (the “Agreement”), said agreement being incorporated herein by reference. Should Developer fail to maintain the public improvements in accordance with the Agreement, this party as Issuer shall be liable in payment to the County of a sum not to exceed the amount indicated above for the cost of maintaining the public improvements in accordance with the Agreement. This Irrevocable Letter of Credit shall remain in full force and effect for a period of two years from the approval of the Final Plat or Certificate of Occupancy for the Development, and shall not be released until such time that the Walton County Planning and Development Department provides notice in writing that Developer has fulfilled its obligations under the Agreement with respect to maintaining the public improvements. The laws of the State of Georgia shall govern the interpretation, validity, performance, and enforcement of this Irrevocable Letter of Credit. In the case of a controversy or dispute in the interpretation of this Irrevocable Letter of Credit, the venue shall be in Walton County, Georgia. ISSUER: