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MB Marina Associates LTD FIRST AMENDMENT TO PARKING FACILITY MANAGEMENT AND OPERATION AGREEMENT FOR THE MIAMI BEACH MARINA This First Amendment to Parking Facility Management and Operation Agreement for the Miami Beach Marina (this Amendment") is entered into as of this .,70ft. day of December 2002, by and among MIAMI BEACH MARINA ASSOCIATES, LTD., a Florida limited partnership ("Marina Lessee"), the CITY OF MIAMI BEACH, FLORIDA, a political subdivision duly organized and existing under the laws of the State of Florida (the "City") and the MIAMI BEACH REDEVELOPMENT AGENCY, a Florida public agency organized and existing pursuant to the Community Redevelopment Act of 1969, Chapter 163, Part III, Florida Statutes, as amended (the "Agency"). RECITALS A. On December 1, 1999, the Marina Lessee, the City and the Agency entered into that certain Parking Facility Management and Operation Agreement for Miami Beach Marina (the "Agreement"), B. As contemplated by Section 2.1 of the Agreement certain permanent parking spaces were to be made available for the use by Marina Lessee upon the completion of construction of certain parking garages on the southern portion of the SSDI South Parcel and the SSDI North Parcel. The parking garage on the southern portion of the SSDI South Parcel has now been completed and the parties desire to enter into this Amendment to set forth their agreements and understandings with respect to the 107 permanent parking spaces to be located on the southern portion of the SSDI South Parcel as more particularly set forth herein. C. The parties also desire to clarify certain provision of the Agreement as more particularly set forth herein. NOW, THEREFORE, in consideration of the mutual promises made herein the Marina Lessee, the City and the Agency agree as follows: 1. Recitals. The above recitals are true and correct and are incorporated herein by reference, 2. Parking Soaces on the Southern Portion of the SSDI South Parcel. The parties hereto acknowledge that the City and the Agency are about to take delivery of and accept 107 parking spaces located in the parking garage for the Murano at Portofmo Building located on the southern portion of the SSDI South Parcel (the "Murano/Portofino Spaces") for use by the Marina Lessee pursuant to the Marina Lease. Upon delivery to and acceptance of the Murano/Portofino Spaces by the City, the Agency and Marina Lessee (the "Delivery Date"), the parties acknowledge that the Murano/Portofmo Spaces will be deemed a part of the "Parking Facilities" and that all the duties and obligations of the parties hereto with respect to the Parking Facilities shall apply with respect to the Murano/Portofino Spaces as of the Delivery Date, 3, Definition of Marina Lessee. The parties hereto acknowledge that all references to Marina Lessee as set forth in the Agreement and this Amendment shall refer to Miami Beach Marina Associates, Ltd. and any of its successors in interest and! or assigns under the Marina Lease, whether by virtue of: (a) an assignment of the Marina Lease in accordance with the provisions of Section 16 of the First Amendment to Marina Lease; or (b) a foreclosure, trustee's sale or assignment or other conveyance of Marina Lessee's interest in the Marina Lease to a "Leasehold Mortgagee" or "Purchaser" (as such terms are defined in the Marina Lease) in accordance with the provisions of Article IX of the Marina Lease or (c) any other manner permitted under the Marina Lease. \73338\10351\ # 586046 vi 12119/023:41 PM 4. Definitions. All terms not specifically defined herein shall have the meaning set forth in the Agreement. 5, Counterparts. This Amendment may be executed in any number of counterparts each of which when taken together shall constitute one in the same document. 6. Reaffirmation. Except as specifically set forth herein, the terms and "conditions of the Agreement remain unmodified and in full force and effect. IN WITNESS WHEREOF, the parties have executed this er, Mayor above, [SEAL] Attest: BY~ f~ , City Cl~rk;. '. ,,~.,. I'OftM l t.At<<MIMI ,"1lCIOU'N* APPROVED AS TO ORM & LANGUAGE AND OR EXECUTION STATE OF FLORIDA ) ) SS. COUNTY OF MIAMI-DADE ) By: City of Mi, ni Beach BEFORE ME, a Notary Public in and for said County and State, personally appeared David Dermer as Mayor of the CITY OF MIAMI BEACH, FLORIDA, a political subdivision duly organized and existing under the laws of the State of Florida, on behalf of such political subdivision, He acknowledged that he did jgn the foregoing instrument as Mayor and that the same is his free act and deed as Mayor. He L.. is personally known to me or _ has produced a driver's license as identification, - l~ TESTI~ONY WHEREOF, I have hereunto set my hand and official seal at Miami, Florida, this Jff!!2 day of O{f..,J.t." 2002. ~UWAN BEAUCHAMP NOfARY PUBUC STATE Of PLORlOA COMMISSION NO. DD109289 MY COMMISSION EXP. APR. 29,2006 ()chfj~ \73338\ 10351 \ # 586046 v I 12/11/02 12:20 PM -2- B. EDEVELOPMENT . [SEAL] Attest: By -(hJ' r~ , Secretary 11:;;,4'd"Y Date: APPROVED AS TO FO M & LANGUAGE AND F EXECUTION APPROVED AS TO FORM & LANGUAGE a FOR EXECUTION By: Miami Beac STATE OF FLORIDA ) ) SS. COUNTY OF MIAMI-DADE ) BEFORE ME, a Notary Public in and for said County and State, personally appeared David Dermer as Chairman of the MIAMI BEACH REDEVELOPMENT AGENCY, a Florida public agency organized and existing pursuant to the Community Redevelopment Act of 1969, Chapter 163, Part III, Florida Statutes as amended, on behalf of such agency, He acknowledged that he did sign the foregoing instrument as Chairman and that the same is his free act and deed as Chairman of the Agency, He ....-/ is '--- personally known to me or _ has produced a driver's license as identification. :?o IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Miami, Florida, this, -rt, day ofP('~ , 2002. ~~~ lary Public. L ('I If Q,J &.a q mp '-"'?"" ULLlAN BEAUCHAMP NOTARY PUBUC STATE OF FLORIDA COMMISSION NO. 00109289 MY COMMISSION EXP. APR. 29,2006 \73338\\035\ \ # 586046 v 1 12111/02 \2:20 PM -3- MIAMI BEACH MARINA ASSOCITES, LTD., a Florida limited Partnership . By: SoBe Marine, Inc., a Florida corporation, general partner B [SEAL] Allest: Name: Title: STATE OF FLORIDA ) ) SS. COUNTY OF MIAMI-DADE ) BEFORE ME, a Notary Public in and for said County and State, personally appeared Robert W. Christoph as President of SoBe Marine, Inc., a Florida corporation, general partner of MIAMI BEACH MARINA ASSOCIATES, LTD., a Florida limited partnership, on behalf of the partnership, He acknowledged that he did sign the foregoing instrument as President and that the same is his free act and deed as President of the corporation. He _ is personally known to me or _ has produced a driver's license as identification. ~ TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Miami, Florida, this ~ day of lli~002. ~~ Notary Public Q) Ilhoda RubIn : . MY COMMISSKlN' tlll889688 EXPlllES ,. Febnlaly 17. ZOO6 Ji.. BOICllIlMUlIOI'NII......1IIC- \73338\10351\# 586046 v 1 12/11/0212:20 PM -4-