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OPTION TO RENEW LETTER FROM ROBERT L SHEAR LAW OFF1~E OF ROBERT L. S.LIEAR, P.A. Robert L. Shear Attorney-at-Law lawshear@aol.com Judy Murray Certified Legal Assistant law. shear@verizon.net December 7, 2004 City of Clearwater Attn: Pam Akin, City Attorney P.O. Box 9478 Clearwater, FL 33758 REC;EIVE1J DEe 0 9 2004 ':I'TV .ATTORr\1 Re: Pickles Plus Lease Dear Ms. Akin As you are aware, a meeting was held at your offices on November 29,2004, wherein Laura Lipowski, Kevin Dunbar, and Mark Goheen were in attendance with Joe Benedetini, Sr., and Joe Benedetini, Jr., and myself. The discussion was directed at certain concessions and benefits that could possibly flow to Pickles as it moves into its first option period of its lease executed in 1995, and amended thereafter. The meeting was cordial and the opportunities were beneficial to my client. During the meeting, however, Laura made us aware that a "new" lease must contain provisions relative to the City (per its Charter) having the legal authority to terminate the lease in the event that the Harborview Center location were to be utilized for municipal purposes. Further, such new lease or changes to the original lease would require commission approval. If I am in error as to my understanding I would be honored to be corrected. In accordance with the explanation made by Laura, it was decided that the risk of a termination of the lease far outweighed any benefits to be derived by further concessions. Without any uncomfortable feelings we made a business decision to simply exercise the option (as had previously been done by prior communications) and move forward under the terms and conditions of the original lease. Therefore, it is our position to remain status quo. Please accept this letter as a reaffirmation of our decision to exercise the option to renew. At the end of the meeting Laura indicated that she would confer with you relative to the possibility of our obtaining some concessions without disrupting our leasehold position. We, of course, would welcome any accommodation and, conversely, Pickles will continue to represent itself as a fine local restaurant. Two Prestige Place, 2650 McCormick Drive, Suite 130, Clearwater Florida 33759, Phone: (727) 712-1228, Fax: (727) 712-8811 Please send me a new payment schedule effective the first day of the first option period beginning February 1,2005, to include base rent, CAM, and taxes as per the lease agreement as this will put us all on the same page. ..oF) Very trulyyburs, , '~""" ~l., ~,""~~<? ./ // 7 '>/,/ " 1/6 '/ ,/ i"l"", /i "C1",,~, .A--l/'---.... tROberi~ S ear, Esq. RLS/mf cc Client