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This Instrument Prepared By: Lisa -Marie Raulerson Action No. 32008 Bureau of Public Land Administration 3900 Commonwealth Boulevard Mail Station No. 125 Tallahassee, Florida 32399 BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND OF THE STATE OF FLORIDA SOVEREIGNTY SUBMERGED LANDS LEASE RENEWAL AND MODIFICATION TO CHANGE SPECIAL CONDITIONS AND CONVERT FROM FEE WAIVED TO COMMERCIAL LEASE BOT FILE NO. 130174356 THIS LEASE is hereby issued by the Board of Trustees of the Internal improvement Trust Fund of the State of Florida, hereinafter referred to as the Lessor. WITNESSETH: That for and in consideration of payment of the annual lease fees hereinafter provided and the faithful and timely performance of and compliance with all terms and conditions stated herein, the Lessor does hereby lease to Citi of Sunni Isles Beach. Florida, hereinafter referred to as the Lessee, the sovereignty lands as defined in 18-21.003, Florida Administrative Code, contained within the following legal description: A parcel of sovereignty submerged land in Section 14, Township 52 South, Range 42 East, in Atlantic Ocean, Miami -Dade County, Florida, containing 18.545 square feet, more or less, as is more particularly described and shown on Attachment A, dated Septemberber 212011. TO HAVE THE USE OF the hereinabove described premises from December S. 2023, the effective date of this lease renewal with modification, through Apri123. 2027, the expiration date of this lease renewal with modification. The terms and conditions on and for which this lease is granted are as follows: 1. USE OF PROPERTY: The Lessee is hereby authorized to operate a public fishing pier with a non -water dependent ticket booth/bait and tackle shop and restaurant a life- rd station and an uatic safety center on the second floor exclusively to be used for activities only in conjunction with an upland up blit beachfront park and condominium, without fueling facilities, without a sewage pumpout facility, and without liveaboards as defined in paragraph 27, as shown and conditioned in Attachment A, and the State of Florida Department of Environmental Protection Consolidated Joint Coastal Permit No. 0295091 -001 -JC, dated October 6, 2011,. incorporated herein and made a pail of this lease by reference. All of the foregoing subject to the remaining conditions of this lease. 2. LEASE FEES: The Lessee hereby agrees to pay to the Lessor an initial annual lease fee of $3,694.16, plus sales tax pursuant to Section 212.031, Florida Statutes, if applicable, within 30 days of receipt of this fully executed lease. The annual fee for the remaining years of this lease shall be adjusted pursuant to provisions of Rule 18-21.011, Florida Administrative Code. The State of Florida Department of Environmental Protection, Division of State Lands (the "Division") will notify the Lessee in writing of the amount and the due date of each subsequent annual lease payment during the remaining term of this lease. All lease fees due hereunder shall be remitted to the Division, as agent for the Lessor. 02-07] 480