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<br />PLAZA ISLE, LLC <br />201 _71st Street <br />Suite 309 <br />Miami Beach, FL 33141 <br /> <br />-r--- <br />July JS-, 2011 <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, FL 33160 <br /> <br />Re: Transfer of 40,000 Sq. Ft. ofTDRs from Plaza Isle, LLC to <br />Abus Sunny Isles, LLC <br /> <br />Gentlemen: <br /> <br />The undersigned is the Managing Member of Plaza Isle, LLC, a Florida limited liability <br />company ("Plaza Isle"). <br /> <br />Plaza Isle has closed on its sale of 40,000 square feet of TDRs to Abus Sunny Isles, LLC, <br />a Florida limited liability company. <br /> <br />You are hereby instructed to transfer from the 40,000 square feet of TDRs which you are <br />holding for the benefit of Plaza Isle to Abus Swmy Isles, LLC, a Florida limited liability <br />company. <br /> <br />Enclosed is copy of the executed Assignment of Transfer to Development Rights. <br /> <br />If you have any questions, please contact my attorney, Joel S. Piotrkowski, Esquire at <br />305-865-4311. <br /> <br />Very truly yours, <br /> <br />PLAZA ISLE, LLC <br /> <br />.)....' / <br />..~t1 <br />By: Itft.\..\AA~ r r <br />Bairn Yehezkel, Manaf!irtg Member <br />" <br /> <br />Attachment "B" <br />