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AGREEMENT EXPIRATION CERTIFICATERETURN TO: FIDELITY NATIONAL TITLE ATTN: JENNIE CLAYTON 5690 W. Cypress Street, Suite A Tampa, FL 33607 File No 15—Ig5,i THIS INSTRUMENT PREPARED BY AND AFTER RECORDING RETURN TO: SAMUEL E. POOLE III, ESQ. BERGER SINGERMAN LLP 350 E. LAS OLAS BLVD. SUITE 1000 FORT LAUDERDALE, FLORIDA 33301 Documeict€ CTPQNICALLY Recorded Records on krvtAkr,s Cou :,ty FL OR Book t ck `1 \ Page I'41Q, or Instrument # Filed Date J% Time �}� .,___ Submitted Fi elhty National Title of Hdrida AGREEMENT EXPIRATION CERTIFICATE THIS AGREEMENT EXPIRATION CERTIFICATE (this "Certificate ") is made this 29th day of January, 2016, by 301 SOUTH GULFVIEW LLC, a Delaware limited liability company, whose address is c/o Glass Ratner Management & Realty Advisors LLC, 3424 Peachtree Road, Atlanta, GA 30326, (the "Owner ") as successor to Crystal Beach Capital, LLC, a Florida limited liability company ( "Developer "), and the CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation, whose address is 112 S. Osceola Avenue, Clearwater, FL 33756 (the "City "). RECITALS A. The Developer is the assignee of rights pursuant to that certain Assignment and Assumption of Second Amended Restated Development Agreement recorded in Official Records Book 14120, Page 1345 of the Public Records of Pinellas County, Florida (the "A &R Assignment "). The A &R Assignment was confirmed by that certain Confirmation of Consent by City to Assignment and Assumption Agreement recorded in Official Records Book 14120, Page 1344 of the Public Records of Pinellas County, Florida (the "Consent"; the A &R Assignment and Consent are collectively referred to as the "Assignment "). B. The Developer, pursuant to the Assignment, and the City are parties to that certain Second Amended and Restated Development Agreement recorded in Official Records Book 13996, Page 2409 of the Public Records of Pinellas County, Florida (the "A &R Development Agreement "). The A &R Development Agreement was amended by that certain First Amendment to Second and Amended and Restated Development Agreement for Property in the City of Clearwater recorded in Official Records Book 14924, Page 1070 of the Public Records of Pinellas County, Florida ( "First Amendment"), which First Amendment was approved by the City of Clearwater in Resolution No. 06 -06 recorded in Official Records Book 14894, Page 248 of the Public Records of Pinellas County, Florida ( "Resolution "), and was subsequently amended by that certain Second Amendment to Second Amended and Restated Development Agreement for Property in the City of Clearwater, Florida recorded in Official Records Book 15677, Page 1520 in the Public Records of Pinellas County, Florida (the "Second Amendment"; the A &R Development Agreement, First Amendment, Resolution, and Second Amendment are collectively referred to as the "Development Agreement "). 6910766 -2 1 C. Owner acquired all of Developer's rights, title and interest in and to the real property that is the subject of the Development Agreement pursuant to that certain Certificate of Title issued by the Clerk of the Circuit Court of Pinellas County on September 18, 2013 and recorded in BK 18165, Page 1494 of the Public Records of Pinellas County Florida. D. Pursuant to Section 18.18, Paragraph 1 of the Development Agreement, the Development Agreement expired by its terms on November 18, 2014. E. Pursuant to Section 18.18, Paragraph 2 of the Development Agreement, upon completion of the term of this Development Agreement, the parties to the Development Agreement are to execute an Agreement Expiration Certificate, which Agreement Expiration Certificate shall constitute and provide a conclusive determination of satisfactory completion of all obligations under the Development Agreement and the expiration of the Development Agreement. F. The Development Agreement has not been terminated pursuant to an Agreement Expiration Certificate or otherwise. G. Pursuant to Section 18.18 of the Development Agreement the Owner and City desire to terminate the Development Agreement by this Agreement Expiration Certificate. NOW THEREFORE, for the sum of Ten and 00 /100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Owner and City state the following: 1. Recitals. The above recitals are true and correct and are expressly incorporated into and form a part of this Agreement Expiration Certificate. 2. Termination of the Development Agreement. The Owner and City hereby terminate the Development Agreement which shall be of no further force and effect except as otherwise specifically provided in this Agreement Expiration Certificate. Execution of this Agreement Expiration Certificate shall be deemed a conclusive determination of satisfactory completion of all obligations under the Development Agreement and the expiration and termination of the Development Agreement. 3. Survival of Concessions License. The Owner and City agree that the Concessions License established by Section 5.04, Paragraph 7 of the Development Agreement, including without limitation those terms thereof memorialized by the execution of the License Agreement attached to the A & R Development Agreement as Exhibit "K" (and as said Exhibit "K" may have been amended by the First Amendment and Second Amendment), shall survive the termination and expiration of the Development Agreement. 4. Survival of Certain Restrictions. The Owner and the City agree that the restrictions set forth in the following recorded instruments shall survive in accordance with their terms notwithstanding the termination and expiration of the Development Agreement: Declaration of Unity of Title recorded in Official Records Book 15252, Page 440 and Official Records Book 15276, Page 35 of the Public Records of Pinellas County, Florida; Declaration of Covenants and Restrictions recorded in Official Records Book 15252, Page 435 of the Public Records of Pinellas County, Florida; and Declaration of Covenants and Restrictions recorded in Official Records Book 16732, Page 1973 of the Public Records of Pinellas County, Florida. 6910766 -2 2 IN WITNESS WHEREOF, the Owner and City have executed this Agreement Expiration Certificate as of the day and year first written above. WITNESSES: Print 301 SOUTH GULFVIEW LLC, a Delaware limited liability company By: GlassRatner Management & Realty Advisors LLC, a Georgia limited liability company, its Manager By: ame: cc kits Name: Title: STATE OF GP 011G1 COUNTY OF(�1 ���► The Ian qa GlassRatner Manager of company. ) SS.: q /✓ fr v K' foregoing instrument was acknowledged before me this 2 °O day of , 2016 by I oni Potyli9r as M- evr, ID? y of Management & Realty Advisors LLC, a Georgia limited liability company, as 301 South Gulfview LLC, a Delaware limited liability company, on behalf of the He /she is personally known to me or has produced as identification. My commission expires: Alyssa N Lampertz Notary Public, Fulton County, GA My Commission Expires August 5, 2018 • NOTARY PUBLIC, State of (0 (11 Print Name: A I (j S5G1 N . Lai m f f rt - [ADDITIONAL SIGNATURES APPEAR ON FOLLOWING PAGE.] 3 CRYSTAL BEACH CAPITAL DEVELOPMENT (HYATT) AGREEMENT EXPIRATION CERTIFICATE Countersigned: Jay E. Polglaze, Vice Mayor By: Approved as to form: Attest: CITY OF CLEARWATER, FLORIDA William B. Home II City Manager P-v1):4 ,±fizotta4_1/4_- Pamela K. Akin City Attorney [GM07 -9216B -01 0/ 1 794 82/ 11 Rosemarie Call City Clerk 6910766 -2 4 THIS INSTRUMENT PREPARED BY AND AFTER RECORDING RETURN TO: SAMUEL E. POOLE III, ESQ. BERGER SINGERMAN LLP 350 E. LAS OLAS BLVD. SUITE 1000 FORT LAUDERDALE, FLORIDA 33301 AGREEMENT EXPIRATION CERTIFICATE THIS AGREEMENT EXPIRATION CERTIFICATE (this "Certificate ") is made this day of , 2016, by 301 SOUTH GULFVIEW LLC, a Delaware limited liability company, whose address is c/o Glass Ratner Management & Realty Advisors LLC, 3424 Peachtree Road, Atlanta, GA 30326, (the "Owner ") as successor to Crystal Beach Capital, LLC, a Florida limited liability company ( "Developer "), and the CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation, whose address is 112 S. Osceola Avenue, Clearwater, FL 33756 (the "City "). RECITALS A. The Developer is the assignee of rights pursuant to that certain Assignment and Assumption of Second Amended Restated Development Agreement recorded in Official Records Book 14120, Page 1345 of the Public Records of Pinellas County, Florida (the "A &R Assignment "). The A &R Assignment was confirmed by that certain Confirmation of Consent by City to Assignment and Assumption Agreement recorded in Official Records Book 14120, Page 1344 of the Public Records of Pinellas County, Florida (the "Consent "; the A &R Assignment and Consent are collectively referred to as the "Assignment "). B. The Developer, pursuant to the Assignment, and the City are parties to that certain Second Amended and Restated Development Agreement recorded in Official Records Book 13996, Page 2409 of the Public Records of Pinellas County, Florida (the "A &R Development Agreement "). The A &R Development Agreement was amended by that certain First Amendment to Second and Amended and Restated Development Agreement for Property in the City of Clearwater recorded in Official Records Book 14924, Page 1070 of the Public Records of Pinellas County, Florida ( "First Amendment "), which First Amendment was approved by the City of Clearwater in Resolution No. 06 -06 recorded in Official Records Book 14894, Page 248 of the Public Records of Pinellas County, Florida ( "Resolution "), and was subsequently amended by that certain Second Amendment to Second Amended and Restated Development Agreement for Property in the City of Clearwater, Florida recorded in Official Records Book 15677, Page 1520 in the Public Records of Pinellas County, Florida (the "Second Amendment "; the A &R Development Agreement, First Amendment, Resolution, and Second Amendment are collectively referred to as the "Development Agreement "). [GM07- 9216B- 010/179482/1 ] 6910766 -2 1 C. Owner acquired all of Developer's rights, title and interest in and to the real property that is the subject of the Development Agreement pursuant to that certain Certificate of Title issued by the Clerk of the Circuit Court of Pinellas County on September 18, 2013 and recorded in BK 18165, Page 1494 of the Public Records of Pinellas County Florida. D. Pursuant to Section 18.18, Paragraph 1 of the Development Agreement, the Development Agreement expired by its terms on November 18, 2014. E. Pursuant to Section 18.18, Paragraph 2 of the Development Agreement, upon completion of the term of this Development Agreement, the parties to the Development Agreement are to execute an Agreement Expiration Certificate, which Agreement Expiration Certificate shall constitute and provide a conclusive determination of satisfactory completion of all obligations under the Development Agreement and the expiration of the Development Agreement. F. The Development Agreement has not been terminated pursuant to an Agreement Expiration Certificate or otherwise. G. Pursuant to Section 18.18 of the Development Agreement the Owner and City desire to terminate the Development Agreement by this Agreement Expiration Certificate. NOW THEREFORE, for the sum of Ten and 00 /100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Owner and City state the following: 1. Recitals. The above recitals are true and correct and are expressly incorporated into and form a part of this Agreement Expiration Certificate. 2. Termination of the Development Agreement. The Owner and City hereby terminate the Development Agreement which shall be of no further force and effect except as otherwise specifically provided in this Agreement Expiration Certificate. Execution of this Agreement Expiration Certificate shall be deemed a conclusive determination of satisfactory completion of all obligations under the Development Agreement and the expiration and termination of the Development Agreement. 3. Survival of Concessions License. The Owner and City agree that the Concessions License established by Section 5.04, Paragraph 7 of the Development Agreement, including without limitation those terms thereof memorialized by the execution of the License Agreement attached to the A & R Development Agreement as Exhibit "K" (and as said Exhibit "K" may have been amended by the First Amendment and Second Amendment), shall survive the termination and expiration of the Development Agreement. 4. Survival of Certain Restrictions. The Owner and the City agree that the restrictions set forth in the following recorded instruments shall survive in accordance with their terms notwithstanding the termination and expiration of the Development Agreement: Declaration of Unity of Title recorded in Official Records Book 15252, Page 440 and Official Records Book 15276, Page 35 of the Public Records of Pinellas County, Florida; Declaration of Covenants and Restrictions recorded in Official Records Book 15252, Page 435 of the Public [GM07 -9216B -010/ 179482/ 11 6910766 -2 2 Records of Pinellas County, Florida; and Declaration of Covenants and Restrictions recorded in Official Records Book 16732, Page 1973 of the Public Records of Pinellas County, Florida. IN WITNESS WHEREOF, the Owner and City have executed this Agreement Expiration Certificate as of the day and year first written above. WITNESSES: 301 SOUTH GULFVIEW LLC, a Delaware limited liability company Print Name: Print Name: STATE OF ) ) SS.: COUNTY OF ) By: Glass Ratner Management & Realty Advisors LLC, a Georgia limited liability company, its Manager By: Name: Title: The foregoing instrument was acknowledged before me this day of , 2016 by as of Glass Ratner Management & Realty Advisors LLC, a Georgia limited liability company, as Manager of 301 South Gulfview LLC, a Delaware limited liability company, on behalf of the company. He /she is personally known to me or has produced as identification. My commission expires: NOTARY PUBLIC, State of Print Name: [ADDITIONAL SIGNATURES APPEAR ON FOLLOWING PAGE.] [GM07- 9216B- 010/179482/11 6910766 -2 3 CRYSTAL BEACH CAPITAL DEVELOPMENT (HYATT) AGREEMENT EXPIRATION CERTIFICATE Countersigned: CITY OF CLEARWATER, FLORIDA By: .mow . .,14444,ez. William B. Horne II City Manager Approved as to form: Attest: Pamela K. Akin City Attorney [GM07- 9216B- 010/179482/11 Rosemarie Call City Clerk 6910766 -2 4