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<br />INDEMNIFICATION AGEEMENT <br /> <br />This Indemnification Agreement dated this 3 day of N/J.\ ,2012, by JERRY'S FAMOUS <br />, <br />DELI, a California Corporation ("JERRY'S"), and ABUS, llC, a Florida limited liability company ("ABUS") in <br />favor of the City of Sunny Isles Beach, Florida (the "City"). <br /> <br />WITNESSETH: <br /> <br />WHEREAS, JERRY'S has assigned to ABUS 98,996 sq. ft. of the Transfer of Development Rights <br />("TDRs") held in an account designated and held for the benefit of JERRY'S with the City; and <br /> <br />WHEREAS, JERRY'S and ABUS have agreed to indemnify and hold harmless the City as <br /> <br />hereinafter provided; <br /> <br />NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other <br />good and valuable consideration, the receipt of which is hereby acknowledged, the parties do hereby <br />agree as follows: <br /> <br />1. The above recitals are true and correct and are incorporated herein. <br />2. JERRY'S has assigned to ABUS 98,996 sq. ft. of TDRs which are held in an account for the <br />benefit of the JERRY'S. <br />3. JERRY'S and ABUS, agree and do hereby indemnify and hold harmless the City from any <br />liability as to any claims that may arise between them or any private parties as a result of <br />the transfer of the TORs from JERRY'S to ABUS. <br /> <br />IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year <br />first above written. <br /> <br />(See separate signature pages) <br /> <br />1 <br />