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Amendment to Convention Center AMENDMENT TO CONVENTION CENTER AGREEMENT THIS AMENDMI;:NT to Convention Center Agreement ("Amendment") is made and entered into as of the /Slfijay of fOil tlAMl . 2005, by and between RDP Royal Palm Hotel Limited Partnership, a Florida limited partnership (the "Hotel Owner"), and the City of Miami Beach, a Florida municipal corporation, in its capacity as owner of the Convention Center (the "Owner"). RECITALS: A. Hotel Owner and Owner previously entered into that certain Convention Center Agreement dated May 28, 1998 (the "Agreement") and that certain Agreement of Lease as recorded among the Public Records of Miami-Dade County, Florida in Official Records Book 18170, at Page 893 (the "Lease"). Immediately after the execution and delivery of this Amend- ment and as material inducement for and a condition of Owner entering into this Amendment, the Recognized Mortgage encumbering Tenant's Interest in the Premises will be paid in full, the Purchase Price will be paid and the Lease will be terminated. B. Subsequent to the recording of the Lease, Hotel Owner began the construction of the Royal Palm/Shorecrest Crowne Plaza Hotel ("Hotel"). C. During the construction of the Hotel, Hotel Owner encountered certain conditions at the Property which allegedly resulted in certain construction delays. A dispute arose amongst the parties regarding the aforesaid conditions and delays resulting in Hotel Owner's refusal to pay certain Rental due under the Lease and the Agency's refusal to pay claims related to said conditions and alleged construction delays. D. The parties respectively deny and dispute all such claims and allegations against them, whether asserted or unasserted. E. The parties, wishing to avoid litigation and amicably resolve all matters existing between them, entered into negotiations regarding the aforesaid disputes resulting in this Amendment and other agreements. F. Agency and Owner in their desire to maintain and fulfill their commitment to pro- vide the African American community with opportunities in the hospitality industry, are willing to amend the Royal Palm Crowne Plaza agreements and agree that the Hotel shall continue to comply with the Convention Center Agreement (which Hotel Owner, on behalf of the Hotel, has agreed to do) which provides, among other things, that the Hotel Owner and its successors and assigns make available Hotel facilities and services for support of the Convention Center events and to undertake joint marketing efforts. G. Hotel Owner and Owner wish to amend certain of the provisions of the Agree- ment as hereinafter set forth. NOW, THEREFORE, in consideration of the payment of ten dollars and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: tV 1. Recitals. The foregoing recitals are true and correct and incorporated by refer- ence herein. 2. Definitions. All defined terms (denoted by capitalization or other indication of special definitions such as quotation marks) used in this instrument which are not defined in this instrument shall have the meanings set forth in the Agreement.. 3. Modification of Room Block. The definition of "Room Block" contained in the Agreement is amended to read as follows: "Room Block" means for each calendar month two hundred fifty seven (257) rooms per day up to an aggregate offourteen (14) days in each calendar month. 4. Notices. Section l2(a) of the Agreement is amended to change the addresses for notices to the Hotel Owner as follows: RDP Royal Palm Hotel Limited Partnership c/o Peebles Atlantic Development Corporation 550 Biltmore Way, Suite 970 Coral Gables, Florida 33134 Attn: R. Donahue Peebles In each case with a copy to: Hunton & Williams 1111 Brickell Avenue, Suite 2500 Miami, Florida 33131 Attn: Stuart K. Hoffman, Esq. In addition, for purposes of copies of notices to Owner and to the Miami Beach Redevel- opment Agency, the address of Bloom & Minsker is hereby changed to: Bloom & Minsker, P.L. 1110 Brickell Avenue, Suite 700 Miami, Florida 33131 Attention: Joel N. Minsker, P.A. 5. Cross Default. In the event of a default by Hotel Owner under that certain Declaration of Covenants and Restrictions recorded in Official Records Book 18170, at Page 883, of the Public Records of Miami-Dade, Florida, as amended from time to time, such default shall be deemed to be an Event of Default hereunder. 6. No Further Modification. Except as provided herein, the Agreement remains unmodified and in full force and effect. 7. WAIVER OF JURY TRIAL. HOTEL OWNER AND OWNER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER -2- (;I MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AMEND- MENT AND AGREEMENT, AND ANY AGREEMENT CONTEMPLATED TO BE EXE- CUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITIEN) OR ACTIONS OF EITHER PARTY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR OWNER TO ENTER INTO THIS AMENDMENT. FURTHER, BOTH HOTEL OWNER AND OWNER HEREBY CERTIFY TO EACH OTHER THAT NO REPRESENTATIVE OR AGENT OF EITHER ONE OF THEM, NOR THEIR COUNSEL, HAS REPRESENTED, EXPRESSLY OR OTHERWISE THAT EITHER ONE OF THEM WOULD NOT, IN THE EVENT OF SUCH LITIGATION, SEEK TO ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVI- SION. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Conven- tion Center Agreement to be executed by their duly authorized representatives and delivered as their act and deed, intending to be legally bound by its terms and provisions. Lc2 Print Name: STATE OF FLORIDA ) ) SS: COUNTY OF MIAMI-DADE) Hotel Owner: RDP ROYAL PALM HOTEL LIMITED PARTNERSHIP, a Florida limited partnership ul By: P ADC HOSPITALITY CORPORATION I, a Florida corporation, as General Partner BEFORE ME, the undersigned authority, personally appeared R. Donahue Peebles, as President of P ADC HOSPITALITY CORPORATION I, a Florida corporation, on behalf of such corporation, and as General partner of RDP ROYAL PALM HOTEL LIMITED PARTNER- SHIP, a Florida limited partnership, on behalf of such limited partnership. He is oersonally ~ow~o me or produced a valid Florida driver's license as identification. (NOTARIAL SEAL) ~~lI!u" Nathalie Legagneur gWY:': CommiSSion # DD385416 ~Jlf9.Jj expires FebN8ry 5. 2009 ~fr.~"-8ondIdTl'O'/flln~lneuranoe, 1nG. 8CJO.385.1019 My Commission Expires: c.<.l - 3 - IV Owner: CITY OF MIAMI BEACH, a F a municipal corporation, in its capacity o the Convention Center Witnesses: 2.L Q Os "- Print Name: ~ I ~. f.l..J....\ )r- ~~fed7 )-~ .lJeAd..l <7 ~ - '/' ,,d Print Name: W-K'~/ 1-, c.rN'.::>lf ~ ATTEST: By: lUkua fa,~ ~ Robert Parcher, City Clerk STATE OF FLORIDA ) ) SS: COUNTY OF MIAMI-DADE) BEFORE ME, the undersigned authority, personally appeared David Dermer, Mayor and Robert Parcher, City Clerk of the CITY OF MIAMI BEACH, a Florida municipal corporation, in its capacity as owner of the Convention Center, to me known to be the persons who signed the foregoing instrument and acknowledged the execution thereof to be the act and deed of said City for the uses and purposes therein mentioned, and that they affixed thereto the official seal of said City. Each such individual is personally known to me or produced a valid drive's license as identification. Witness my hand and official seal in the County and State last aforesaid this 15~ay of 2005. ( .... ~v II '1. X MORALES l"JJm' ~<:Notary Publlc . State of FIoIlda ~ . . !MfCo....1IIIb .ElcJieII'eb 15, 2009 '!.~~ 7A.$ COmmission (I DO 362988 ',,;""Oftf'.$'...... "'''"'',, Bonded By NatIonal Notay Atsn. ~~ 2m;1 ex. rn lJ .'7.~ /es Notary Public-State of Florida at Large Commission Number: 1> j) 3~;;J C; J g' My Commission Expires: APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION TO FORM & LAN UAGE & FOR UTION 61760.000001 MIAMI 217812v5 1q1ti~4t~A 'J-~/\~C6 City Attomey~" I '"' Date ,~~'4 - Redevelopme General