8/15/2019 Letter From RDP Royal Palm

1/2

February

16 2005 RDP Royal Pam HoeLimited

P a r t n e r s h i p550BiltmoreWay Su i t e

970 Cora Gables, FL 33134 RE: Reciprocal Access Use e v e l o p m e n tand E a s e m e n tA g r e e m e n tbetween RDP Roya Palm Hoe L i m i t e dP a r t n e r s h i p ,JeffersonPlaza Limted, The ity o MiamBeach, Fori da, and the i a m iBeach R e d e v e l o p m e n tAgency, r e c o r d e d in O ff i c i a lRecords Book 8 1 7 0Page 1156 o he ub l i cRecords

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Miami-D a d eC o u n t yFlorida ( the g reemen t )Gentlemen: T h i sis n es toppe ll e t t e ras ontempl tedbyS e c t i o n10( M

o h e A g r e e m e n tin e s p o n s eto you equest. h e r eis o m o n e ydue the ndersignedp u r s u a n tto aragraph3 D h e A g r e e m e n t .To he best of our knowledge,thee s no breach of anyof the o b l i g a t i o n sc o n t a i n e din the greemen tby any o he other par t ies thereto, exceptf hose l l e g e dbreachesse t forth by 1500 Ocean Drive ondominiumA s s o c i a t i o n ,I n c .

n ts s t o p p e lleter, ated J a n u a r y17 2005 e q u e s t e dby ou in onnect ionwth

th r o p o s e dsae o the otel, and attached as Exhibit A ereto, Notwiths tandthe oregoing,th e unders igneddoes ot waive any default or claim not

cur ren t lyknown to he u n d e r s i g n e do h i c harises after he date h e r e o f ,W c k n o w l e d g ethat ths s t o p p e lle t te rhas been r eques tedby o u in connect ion wi thyour p r o p o s e dsae o the H o t e lasde f inedin the g r e e m e n t ,to h e

Falor C o m p a n i e sInc. ots assignee T h eFalor

C o m p a n i e sInc, and tsa s s i g n e emay

re p o nthecontents o

ths l ete in

connect ion

with s a i dpurchasePPROVES T OFORM & L A N G U A G E

FOR E X E C U T I O N

8/15/2019 Letter From RDP Royal Palm

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1500 OCEAN DRIVE,

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TE 3 0 5 5 3 4 0 1 6 5FAX 305 534 8465January 17,

2005

RDP Royal P a l m

H o t e l Limited Partnership 550 Bl tmoe ay Suite 970 o r a lG a b l e s ,L 3 3 1 3 4R E :Reciprocal Access, UseD e v e l o p m e n lam East: II l t: l Agrt:

1: IllJelweell R DP R o y a lP a l mHotel Limted

P a r t n e r s h i pC D P ) ,efferson Plaza Lmted The Cty f Miami Beach Florida,

and the iam Beac h edevelopmentAgency, recorded in fficial R e c o r d sBook

1817 0

Page 11 5 6oflhe Publie R e c o r d so Mam- a d eCounty, Flor idathe g r e e m e n t )Gentlemen: Thisisan e s t o p p e lletter

as ontempl tedby Section 10 M) o he greemen tin esponseto your request. T h e r e

is no o n e ydue the ndersignedp u r s u a n tto aragraph D o h e A g r e e m e n t .To he best of our

k n o w l e d g ethe ony reach of any bligat ionc o n t a i n e din he greemen tby any o h e parties theretoinvolvesR D P '

iolation o the ermitteduse of the areas described in Paragraph 3 Bo he greement .Speci f ica l ly,RDP o n t i n u e sto low its endors, g e n t sinvitees and m p l o y e e sto set h o s eareas for parkingvehicles and

othe ac t iv i t i e sw h i c he x c e e dthe ermit tedingress and g r e s su s a g e as rov idedfo

in a rag raph3 B, u r t h e r m o r e ,RDP a n dits s u c c e s s o rin n t e r e s tshould be on oice of ont inu ing

p r o b l e m swth noise from e x h a u s tfans in he R DP gar age nd from o u t o o rac t iv i t i esc o n d u c t e don

the RDP rope r tyT h e s eissues have b e e n subject o r iorcommunicat ions,b u t ha ve no

been ful y e s o l v eW e a c k n o w l e d g ethat this estoppel le t te rhas been equestedby you in o n n e c t i o nwith y o u rproposedsale o the ote l , as defined in he A g r e e m e n t ,to he Falor C o m p a n i e sI nc r its s s i g n e e .T h eFaor o m p a n i e s ,Inc. ts

assigneeandits