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AMENDMENT TO CONVENTION CENTER AGREEMENT

THIS AMENDMI;:T to Convention Center Agreement ( Amendment ) is made andentered into as of the / Slfijayof fOil tlAMl . 2 0 0 5 ,by and e t w e e nRDP Royal PalmHot e Limted Partnership, a lorida limted par tnersh ip (the otel O w n e r ) ,and the C i t yoMam Beach ,a Florida municipal corporationin its a p a c i t yas w n e rof the o n v e n t i o nC e n t e r (

the

Owne ) .

RECITALS:A otel O w n e rand Owner previouslyen t e r edinto tha cert an o n v e n t i o nCenter A g r e e m e n tdated M ay 28 998 (the " g r e e m e n t )and h a t certain A g r e e m e n to Lease as recorded among the Public R e c o r d so am- a d eCounty, Florida in

Off ic ia lR e c o r d s B o o k 18170, a age 8 9 3 (t he e a s e ) .I m m e d i a t e l yaf te rthe executionand e l i v e r yof ths Amend - e n t and as material inducementfo and a ondi t ion oO w n e rentering ino ths m e n d m e n t ,th eR e c o g n i z e dMor tgageencumber ingTenant' s n te r e s tin h e P r e m i s e swill

b aid in ull, the P u r c h a s eP r i c ewll be a id and

the Lease ill be terminated.B u b s e q u e n tto he ecording o he Le ase o t e lO w n e rbegan the construction o he Royal Palm/

ShorecrestCrowne PlazaHoe ( ote l ) .C uring the o n s t r u c t i o n o he Hoe,Hote lO w n e re n c o u n t e r e dcertain conditionsa h e Property whch a l l eged lyresultedin ertain c o n s t r u c t i o nd e l a y s .A ispute a r o s eamongst the art iesregardingthe foresaidcondi t ionsand elaysresulting inHotel Owner' s e f u s a lto ay certain R e n t a ldue under th e Lease a n d the Agency' s e f u s a ltopa l a imsrelated to said

condit ionsand allegedconstructiond e l a y s .

DThe

a r t i e srespect ivelydeny anddispute alsuch claims and l l ega t ionsaganst

t h e m , whethe ra s s e r t e do nasser tedE The art ies ,wishing to voidlitigation andamicably resolve al attersexisting between t h e m ,entered ino e g o t i a t i o n sregardingtheaoresad i s p u t e sr e s u l t i n gin

this A m e n d m e n tand other agreements.F gency a n d Owner in heir desire to aintainandfulfill their commitment to po ide the fr icanA m e r i c a ncommunitywth p p o r t u n i t i e sinthe hospitalityindust ry,are willing to mend the o y a lPalm C r o w n ePlazaa g r e e m e n t sand agr ee h a tthe otel shall coninue to comply wth the o n v e n t i o nCenterA g r e e m e n t (w h i c hH o t e lOwner, onbehalf of th e Hotel, has greed to do hich p r o v i d e s ,among other t h i n g s , t h a tthe otelOwner and its u c c e s s o r sand s s i g n smak e va i l ab l eHotel facilitiesand services fo upporto he Convention C e n t e revents and

to u n d e r t a k ejon market ingefforts. G o te lOwner and w n e rwish to m e n dc e r t a i nothe rovis ionso he Agree-

ment ereinafterse o r th . N O W ,T H E R E F O R E ,in cons idera t iono he p a y m e n to endollars an t h e rgood and valuable considerationthe eceipt and adequacy of whichare hereby acknowledgedth e parties hereto, intending to be

le

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1 eci talsThe oregoing reci ta lsare true and or rec tand ncorporatedbyrefer- ence

heren 2 efinitions.Al defined t e rm s (denoted by capi ta l izat iono t h e ri nd ica t iono pecial def ini t ionssuch as uotat ionm a r k s )used in hs ns t rumen twhich ae o t def ined

i his i n s t r u m e n tshall have he m e a n i n g sse t forth in

the greemen t3 odificat iono Room lock .The definition o o o mB l o c k

contained in the greementis m e n d e dto

read as ollows: R o o mBlock means fo each calendar m o n t htwohundred fifty s e v e n (257)r o o m sper day up to n a g g r e g a t eoffou rteen (14

days in ac h calendarm o n t h .4 Notices. ectionl2 ) o he Agreement isamended to c h a n g ethe ddresses for notices

to the Hotel Owner as follows:R D PR o y a lPam Hot e Li mted Partnership

c o e e b l e sAtlanticD e v e l o p m e n tC o r p o r a t i o n

550 BiltmoreWay, Suite

9 7 0Coral Gables, Florida 3 3 1 3 4Attn: R.

Donahue Peebles

In ach casewth

copy to untonWilliams 1111

Bricke l lAvenue, S u i t e2500 iami ,Florida3 3 1 3 1Atn t u a r tK o f f m a n ,E s q .In ddition, fo urposeso opies of notices to Owner and o the Mam B e a c h

Redevel- opment Agencyth eaddress o loom &

Minsker is

her eby c h a n g e dto: Bloom & inskerP

L 110 BrickellAv e n u e ,Suite 7 0 0 Miami ,Florida 3 3 1 3 1A t t e n t i o n :Joe N i n s k e r ,PA . Coss D e f a u l t .In he v e n to a efault by

HotelO w n e ru n d e rtha certain Declarat iono o v e n a n t sand estrict ionsrecorded in f f i c i a lR e c o r d sBook 18170,aPage 8 8 3 ,o he Publ i cRec o rd so iami-Dade Fori da

as amended f rom time to time uch d e f a u l tshal bede emed to e an Event o Default

hereunder. 6 No urther Modification.Except as rovided here nt gree men remains unmodf i ed and in ul force

a n

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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 TOENTER 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 OROTHERWISE 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 astheir act and deed, intending to be legally bound by its terms and provis ions.

Lc2Print Name:

STATE OF FLORIDA )

SS:

COUNTY OF MIAMI- DADE)

Hotel Owner:

RDP ROYAL PALM HOTEL LIMITED

PARTNERSHIP, a Florida limted partnershipu

By: P ADC HOSPITALITY CORPORATION I,a Florida corporation,as General Partner

BEFORE ME, the undersigned authority,personally appeared R. Donahue Peebles, asPresident of P ADC HOSPITALITY CORPORATION I, a Florida corporation,on behalf of suchcorporation, and as General partner of RDP ROYAL PALM HOTEL LIMITED PARTNER-SHIP, a Florida limted partnership, on behalf of such limted partnership. He is oersonally

ow~ o me or

produceda valid Florida driver' s license as identification.

NOTARIAL SEAL)lI u" Nathalie LegagneurgWY:': ommiSSion # D D 3 8 5 4 1 6

Jlf9. Jj expires F e b N 8 r y5.2 0 0 9 fr.~ -ondIdTl 'O/ f l n~

n e u r a n o e ,1nG

8 C J O38 1019

My Commiss i

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Owner:

CITY OF MIAMI BEACH,

a F a municipal corporation,in its capaci tyo the Convention Center

Witnesses:

2 QOs - rin Name: ~ I ~.. l.. J. . . \ )

r- e d 7 )- ~ .J e A d . .l

7~- / , , r in tN a m e : W- K~ 1,rN'.::> lf TTEST:

By Ukua fa~ ~ obert

Parcher, City Cek

S T AT E

O L O R I D A )SS OUNTY

OF I A M I -D A D E )BEFORE ME the n d e r s i g n e dauthority,personally a p p e a r e dD a v i dDermer, Mayor and Robert Parcher,City Clerk of the TY F MIAMI BEACH, a loridamunic ipa lc o r p o r a t i o n ,in its apac i tyas owne o he Conven t i onCenter, to me k n o w nto e the e r sonswho igned he foregoing i n s t r u m e n tand cknowledgedthe execut iont h e r e o ftobe the c t and deedof said Cty for the ses and u r p o s e sthere inm e n t i o n e d ,and tha he y affixed the re tothe o ff i c i a lseal o aid Ct y a c hsuch ndividual is p e r s o n a l l yk n o w nto e o r o d u c e da vaid r i v e '

license as dentification.W it n e s smy and an d off ic ia lsea in he o u n t yand tate last aforesaidthis15~ ay o

2005v

II '1 X O R A L E S

Jm ~< : o t a ry Publlc .tate

of FIoIlda fCo. . . .1IIIb .ElcJieII

eb 15,2009 7A$ Ommiss ion (I O 3 6 2 9 8 8O ftf ' . ' . . . .. .B o n d e d

By atIonal Notay Atsn .2m 1 ex.

rn J. .~ / es NotaryPublicS t a t e

of Foi da a

Lage ommiss ionN u m b e r :

1> j~; J MyC o m m i s s i o n Expires:A P P R O V E D AS

T OFORML A N G U A G EFO R EXECUTIONTOF O R M &LAN U G FOR UTI ON

61760.