Assignment of Warranties ASSIGNMENT OF WARRANTIES
THIS ASSIGNMENT OF WARRANTIES (this "Assignment ") is made as of the 3a/* day
of ev 6j , 2010, by UTA. MANAGEMENT, LLC, a Delaware limited liability company
( "Assignor ") in favor of CITY OF .MIAMI BEACH, FLORIDA, a municipal corporation of the
State of Florida ( "Assignee ").
RECITALS:
A. Assignor and Assignee entered into a Development Agreement dated April 11,
2007, and recorded in Official Records Book 25537, Page 1882 of the Public Records of Miami-
Dade County, Florida, as amended by a First Amendment to Development Agreement dated June
3, 2009,,.and recorded in Official Records Book 26911, Page 3252 of the Public Records of
Miami -Dade County, Florida (collectively, the "Development Agreement ").
B. Pursuant to Section 10.2.5 in the Development Agreement, Assignor is required to.
assign all manufacturer's warranties, guarantees and City manuals with respect to the Work (as
defined in the Development Agreement) to Assignee. .
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are acknowledged, Assignor agrees as set forth below.
1. Assignment Assignor assigns, conveys and transfers to Assignee all of
Assignor's right, title and interest in, to and under the warranties, guarantees and City manuals
described in the attached Exhibit "A ".
2. Binding Effect This Assignment shall inure to the benefit of and shall be binding
upon the parties and their respective successors and assigns.
3. Governing Law This Assignment shall be governed by, interpreted under and
construed in accordance with the laws of the State of Florida.
3. Counterparts This Assignment may be executed in multiple counterparts, all of
which when taken together shall constitute one and the same original instrument.
[SIGNATURES APPEAR ON THE FOLLOWING PAGE]
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MIAMI 2234235.1 7713726901
a �
IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and
date first written above.
ASSIGNOR:
UTA MANAGEMENT, LLC a Delaware
limited liability company
By: Urban Investments Advisors, LLC, a
-Delaware limited liability company,
its Managing Member
By: Wellspring Investments
Management I, LLC, a
Delaware limited liability
company, its Managing
Member
V.
gn
Name: Robert S. Wennett -
�Cx Title: Managing Member
v Print Name
Sign
Print Name
STATE OF FLORIDA )
)ss:
'COUNTY OF MIAMI -DADS )`
The foregoing instrument was acknowledged before me .this day of
g g g y
2010 by Robert S. Wennett, the Managing Member of Wellspring Investments Management 1,
LLC, a Delaware limited liability company, the Managing Member of Urban Investments
Advisors, LLC, a Delaware limited liability company, the Managing Member of UTA
Management, LLC, a Delaware limited liability company, on behalf of such limited liability
companies. He is personally 'known to me or produced valid Florida driver's licenses as
identification.
tzw 34
.. .. s..
N tary Public, St e o a a\
My commission expires: l� f
, , `'' P+' Y'P U s ✓ ir Heather Leigh .
°• WMMISSION # 0939320
EXPIRES: NOV. 17, 2013
MW AARONNOTARY,cam
WITNESSES': ASSIGNEE:
CITY OF MIAMI BEACH, FLORIDA,
a municipal corporation of the State of -
Florida q'A �
Sign NamV
i H e
/ Title: Mayor
Print Name
6
Sign
Print Name
ATTEST:
By: Ak W
Name: Robert Parches
.,Title City.Clerk
STATE OF FLORIDA
)ss:
COUNTY OF MIAMI -DADS ) .
The foregoing instrument : was acknowledged before me t his day of
201 �, by Matti Herrera Bower, as Mayor, and Robert Parcher, as City Clerk, of
he City t OF MIAMI BEACH, FLORIDA, a municipal corporation of the State of Florida, on.
behalf of such municipal corporation. They are personally known to me or produced valid
Florida -driver's licenses as identification.
tary Public, State of Florida
My commission expires:
0\SS101V
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EXHIBIT " A "
WARRANTIES, GUARANTEES AND CITY MANUALS
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