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<br />ASSIGNMENT <br /> <br />PORTO BELLAGIO PARTNERS, LLC, a Delaware limited liability company <br />("Assignor") does hereby transfer, set over, assign and convey to JERRY'S FAMOUS DELI, <br />INC., all of its right, title and interest in transfer of the development rights ("TDRs") in the <br />amount of 101,640 square feet offioor area and 56 units and to ALFRED R. CHOUINARD, 11 <br />&/or FORT APACHE MARINA, LLC, all of its right, title and interest in transfer of the <br />development rights ("TDRs") in the amount of 34,485 square feet of floor area and 19 units <br />(collectively "Assignee"). . <br /> <br />Assignor does hereby warrant and represent that it has title to said TDRs free and clear <br />of any claims, liens or encumbrances and that it will defend said title against the claims of all <br />persons whomsoever. <br /> <br />Assignee accepts this Assignment subject to the applicable rules, regulations and <br />ordinances set forth by the City of Sunny Isles Beach, Florida and specifically Assignee <br />acknowledges and agrees that its ability to utilize lIIlY of the TDRs so transferred is limited in <br />time to five (5) years from the date of approval of the TDRs by the City of Sunny Isles Beach <br />and the said timeframe will expire April 14, 2010. Assignor shall have no responsibility or <br />liability for any failure of purchaser to utilize said TDRs after said date. <br /> <br />IN WITNESS WHEREOF, this Consent to Transfer is executed this $"0 day of <br />/J;r; . 2006. <br /> <br />WITNESSES: <br /> <br />PORTO BELLAGIO PARTNERS, LLC, <br />a Delaware limited liability company <br /> <br />By: <br /> <br />Porto Bellagio Investors, LLC, a Delaware <br />limited liability company, its manager <br /> <br />/;;1 <br />u <br />.'/ <br />.,.,%. <br />~.,.. ~ <br />/ ignature of <br />I. tW/(/i /)II?DhA <br />Print Name of Witness <br /> <br />Jd,J'r"-4-?t it"" /,,7' <br />Signature ofWi~ss . <br />...)u'S.A:. Ai .il-= oS IIE.-r <br />Print Name of Witness <br /> <br /> <br />By: Bradford-Porto Bellagio Partners, LLC, <br />a Florida limited liability company, <br />its ~ber !7. ,_ <br /> <br />By: ~ r ~ <br />Barbara Bianco, its Manager <br /> <br />M:\REA.LEST\DAS\Porto Bell8fJig Fort Apachlil\Assign TOR l.doe <br />