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Lessor: City of Su®y Isles Beach <br />AW Fbanee Director <br />18070 Collins Avenue <br />Sunny Isles Heady FL 33160 <br />Lessee: Amaiean Federated Trifle Corp, as Trustee <br />Ann: Robert hL Cornfield <br />3850 Hollywood Boulevad, Suite 400 <br />Hollywood, FL 33021 <br />Lessee's Fed Tax M No: <br />MOW The restawaot facility, bait shop, and second floor of <br />1p Sol no! faeiUty located at 16501 Collins Avenue, Sunny <br />Isles Beach, FL 33160, as gesaally described in Exhibit <br />"C". Upon delivery of additioml "outdoor dining' areas to <br />LESSEE, the teen Premises shall include the outdoor <br />dWq areas located on the Nod6 and Northwest/Southwest <br />areas of the restatuaat and bait shop building <br />Notwithstanding the foregoing due ten► POW=" not <br />include outdoor dining arms except if the LESSOR a able <br />to obtain permission fto pew deg agency to use such <br />am for dining purposes and the Rent is adjustal for use of <br />such auras for dining purposes, <br />Initial Term: 20 (twenty) years, commencing on the Effective Date. <br />Renewal Teens: 3 (three) terms of 20 (twenty) yenta, and another l (one) <br />term of 10 (tom) years as provided in Section 4.77W Initial <br />Tenn and my Renewal Tam, if exercised, are collectively <br />refened to herein as the "Tam ", <br />Ran: To Thousand Dollars ($10,000.00) per montly subject to <br />adjustment as provided in Sedon 5. Rent may inceesse <br />upon the negotiating of the use of outdoor dining mess. <br />Permitted Use: Resi aumK bait shop and permitted ancillary uses. <br />SECTION 2. USE OF PREbIISEH AND CO111D1TION8 OF PADncwQ_ <br />(a) LESSEE shall use the Leased Pram M solely for the Permitted Uses. The <br />Pemitted Uses see retail We of food items, alcoholic bevagM isd fishing sWgm to the <br />patrons of the Pier in compliance with federal, state, cad local laves, LESSEE may not use the <br />Poises for any other purpose without obtaining the prior written ronrent of LESSOR, which <br />consent shall not be unressonably widdteld. Lessee shall NO only frozen bait at the bait shop. <br />Live bait shall not be sold at the bait shop. No outdoor dining slush We place on the Pm Wm <br />m <br />or the Pier unless approved by the City. <br />3 <br />