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<br />Prepared by and Return to: <br />Alex D. Sirulnik, Esq. <br />Alex D. Sirulnik, PA <br />270] Ponce De Leon Blvd. <br />Suite 202 <br />Coral Gables, FL 33134 <br /> <br />ASSIGNMENT OF TRANSFER OF DEVELOPMENT RJGHTS <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that The Gold Club, Inc., a Florida <br />corporation, ("Gold Club" or "Assignor"), for and in consideration of the sum of Ten and <br />No/100 ($]0.00) Dollars, and other good and valuable consideration, paid, received from, and on <br />behalf of Chateau Beach, LLC, a Florida limited liability company ("Assignee"), its heirs, <br />successors, or agents, at or before ensealing and delivery of the presents, in Miami-Dade County, <br />Florida, State of Florida, the receipt and sufficiency of which is hereby acknowledged and <br />accepted, does hereby grant to Assignee 20,000 square feet of Transfer of Development Rights <br />("TDRs") held in an account designed for and held for Gold Club, with the City of Sunny Isles <br />Beach, Florida. <br /> <br />WHEREFORE, Gold Club has on deposit in a TDR Bank with the City of Sunny Isles <br />Beach, Florida, the amount of 20,000 square feet of TORs in an account forthe benefit of Gold <br />Club as owner of same; <br /> <br />NOW, THEREFORE, in consideration of the mutual promise and exchange between the <br />parties and other good and valuable consideration, the parties agree and stipulate as follows: <br /> <br />I. <br />herein. <br /> <br />The above recitals are true and correct and are hereby incorporated by reference <br /> <br />2. Gold Club upon execution of this Assignment, hereby assigns and transfer 20,000 <br />square feet ofTDRs to Assignee, its heirs, successors, or agents. <br /> <br />TO HAVE AND TO HOLD, the same unto the said Assignee, its heirs, legal <br />representatives, successors, administrators and assigns forever. <br /> <br />IN WITNESS WHEREOF, the party herein has caused this Assignment of Transfer <br />Development Rights, to be executed by its duly authorized representative freely and voluntarily <br />on this \1- day of t00\lf1..rbV ,2011. <br /> <br />(See Separate Signature Pages) <br />