EX-4
from S-8
1 page
Blue Ridge Real Estate Company Big Boulder Corporation Addendum to Stock Option Agreement Michael J. Flynn (The "Optionee") Has Been Granted an Option (The "Option") as of July 1, 1997 to Purchase 25,000 Shares of Common Stock of Blue Ridge Real Estate Company and Big Boulder Corporation (Collectively the "Companies"). in Accordance With Paragraph 8 Amendment, the Option Agreement of July 1, 1997 Is Subject to the Following Revision: 2. Duration of Option. Pursuant to the Approval Given by the Board of Directors of the Companies at a Board Meeting Held on February 5, 2003, the Option Already Granted Is Extended and Shall Expire, and All Rights to Purchase Shares Pursuant Thereto Shall Cease, on July 1, 2008. All Other Terms and Conditions of the Option of July 1, 1997 Shall Remain the Same. Date of Extension: February 5, 2003 Blue Ridge Real Estate Company Big Boulder Corporation By: /S/ Eldon D. Dietterick Eldon D. Dietterick Executive Vice President and Treasurer Attest: /S/ Betty Ann Lopinto /S/ Michael J. Flynn Michael J. Flynn, Optionee
12/34/56
EX-4
from S-8
1 page
Blue Ridge Real Estate Company Big Boulder Corporation Addendum to Stock Option Agreement Michael J. Flynn (The "Optionee") Has Been Granted an Option (The "Option") as of July 20, 1993 to Purchase 10,000 Shares of Common Stock of Blue Ridge Real Estate Company and Big Boulder Corporation (Collectively the "Companies"). in Accordance With Paragraph 9 Amendment, the Option Agreement of July 20, 1993 Is Subject to the Following Revision: 2. Duration of Option. Pursuant to the Approval Given by the Board of Directors of the Companies at a Board Meeting Held on February 5, 2003, the Option Already Granted Is Extended and Shall Expire, and All Rights to Purchase Shares Pursuant Thereto Shall Cease, on July 1, 2008. All Other Terms and Conditions of the Option of July 20, 1993 Shall Remain the Same. Date of Extension: February 5, 2003 Blue Ridge Real Estate Company Big Boulder Corporation By: /S/ Eldon D. Dietterick Eldon D. Dietterick Executive Vice President and Treasurer Attest: /S/ Betty Ann Lopinto /S/ Michael J. Flynn Michael J. Flynn, Optionee
12/34/56
