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EXHIBIT 10.38

Loan No. 141401675365

PREPARED BY AND
RECORD AND RETURN TO:

JOSIAS N. DEWEY
HOLLAND & KNIGHT LLP
701 BRICKELL AVENUE, SUITE 3000
MIAMI, FLORIDA 33131
 

 

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SPACE ABOVE LINE FOR RECORDER'S USE

ASSIGNMENT AND ASSUMPTION AGREEMENT AND MODIFICATION OF MORTGAGE AND OTHER LOAN
DOCUMENTS

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT AND MODIFICATION OF MORTGAGE AND OTHER
LOAN DOCUMENTS (this "Agreement"), dated as of July 1, 2010, is made between and
among (a) MUTINY ON THE PARK, LTD., a Florida limited partnership ("Borrower"),
(b) SONESTA COCONUT GROVE, INC., a Florida corporation ("Transferee"), (c)
RICARDO DUNIN (the "Existing Guarantor") and (d) OCEAN BANK, a Florida banking
corporation (the "Lender").

I.         RECITALS

A. The Lender is the holder of a loan (the "Loan") to Borrower evidenced by an
Amended and Restated Promissory Note (the "Note"), dated as of October 30, 2008
(the "Original Closing Date") in the original principal amount of $8,000,000.00
from Borrower to Lender.
 
B. Borrower’s obligations under the Note are further evidenced and/or secured by
the documents set forth on Exhibit A attached hereto and incorporated herein
(together with the Guaranty (as hereinafter defined) and all other documents
executed and delivered in connection with the Loan, the "Loan Documents").

C. The real property (the "Real Property") owned by Borrower located in
Miami-Dade County, Florida and known as Unit CU-1 at the Munity Park Condominium
located at 2889 McFarlane Road, Miami, Florida, (i) is more particularly
described in the Mortgage (as defined in Exhibit A), (ii) is encumbered by the
Mortgage and the Assignment of Leases (as defined in Exhibit A), and (iii)
together with all other property encumbered by the Mortgage and the Assignment
of Leases is referred to in this Agreement as the "Property."

 
 

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NOTE TO RECORDER:  Pursuant to this instrument, the Transferee is assuming the
remaining obligations under a non-revolving fully funded Promissory Note with a
current principal balance of $6,500,000.00.  Documentary stamp taxes in the
amount of $22,750.00 are being paid with the recordation of this Instrument.  No
additional non-recurring Intangible taxes are due in connection with the
recordation of this Instrument.

 
D. Existing Guarantor is a party to the Guaranty Agreement, dated as of the
Original Closing Date, guaranteeing Borrower's obligations arising under the
Loan Documents (the "Guaranty").

E. Borrower wishes to convey its interest in the Property and to assign its
interest in the Loan Documents to Transferee. Transferee desires to purchase the
Property and to assume liability for the payment and performance of the
Borrower's obligations under the Loan Documents, as amended hereby.  Lender has
agreed to consent to such assignment and assumption upon the terms and
conditions of this Agreement.

II.         AGREEMENTS

1. Representations Accurate.  Borrower represents and warrants that the above
statements in the Recitals are true and accurate.  Transferee represents and
warrants that the above statements in Recital E are true and accurate. The
foregoing Recitals are incorporated herein by reference.
 
2. Status of Loan.

 
a.
Borrower, Existing Guarantor and Transferee confirm and agree that as of the
date hereof, the outstanding principal balance under the Loan is $6,500,000.00
(after giving effect to the principal repayment made to Lender on the date
hereof).

 
b.
Borrower, Existing Guarantor and Transferee confirm and agree that Borrower has
made the monthly installment of principal and interest under the Note through
and including the payment due on June 30, 2010.

 
c.
Borrower and Existing Guarantor confirm that no event of default has occurred
under the Loan, and no event has occurred or condition exists that, with notice
and/or the passage of time, would constitute an event of default under the Loan.

 
d.
Lender confirms that to its actual knowledge no event of default exists under
the Loan as of the date hereof.

 
e.
Borrower and Transferee ratify, affirm and acknowledge that the Note and the
other Loan Documents represent their valid and enforceable and collectible
obligations, and that there are no existing claims, defenses (personal or
otherwise) or rights of setoff with respect thereto.

 
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f.
Existing Guarantor ratifies, affirms and acknowledges that the Guaranty
represents valid and enforceable and collectible obligations, and that there are
no existing claims, defenses (personal or otherwise) or rights of setoff with
respect thereto.

 
g.
Borrower acknowledges and confirms that there are no subordinate liens of any
kind covering or related to the Property, nor are there any mechanic’s liens or
liens or unpaid taxes or assessments encumbering the Property, nor has notice of
a lien or notice of intent to file a lien been received.

 
g.
Except as set forth in Section 7 below, Borrower and Transferee acknowledge and
agree that this Agreement in no way releases, relinquishes or otherwise affects
the liens, security interests and rights created by or arising under the Loan
Documents or the priority thereof or Borrower's primary liability
thereunder.  Such liens, security interests and rights are hereby ratified,
confirmed, renewed and extended in all respects.

 
h.
Except as set forth in Section 8 below, Existing Guarantor acknowledges and
agrees that this Agreement in no way releases, relinquishes or otherwise affects
rights created by or arising under the Loan Documents or the Guaranty or the
Existing Guarantor's liability thereunder.  Such rights are hereby ratified,
confirmed, renewed and extended in all respects.

 
i.
Transferee acknowledges that there is no simultaneous placement of any secondary
financing on the Property in connection with this transfer to, and the
assumption of the Loan by, Transferee.

 
j.
Borrower represents and warrants to Lender that immediately prior to the
transfer of the Property to Transferee, Borrower is in undisputed possession of
the Property, subject to the rights of Transferee under a management agreement
dated as of December 22, 2000 between Borrower and Transferee and Borrower has
not entered into binding contracts for the sale of any portion of the Property
or its interest therein.

 
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k.
Borrower represents and warrants to Lender that to the best of Borrower's
knowledge, there are no mechanics' liens against the Property; to the best of
Borrower's knowledge, there are no unpaid bills or claims outstanding for labor
or materials incident to any construction, repairing, renovating or improving of
the improvements located upon said Property (the "Improvements") performed by or
on behalf of persons or entities other than Borrower; there are no unpaid bills
or claims outstanding for labor or materials incident to any construction,
repairing, renovating or improving of the Improvements located upon said
Property performed by or on behalf of Borrower; no person, firm or corporation
has been employed, engaged or contracted with by or on behalf of Borrower to
furnish material or perform labor for the improvement of the Property wherein
such materials have not been furnished or such labor has not been performed more
than ninety (90) days prior to the date hereof, or that if there are same, all
have been fully paid, and no cautionary notices of any kind have been served
with respect to labor performed or materials furnished upon the Property.

 
h.
Borrower represents and warrants to Lender that there are no matters pending
against Borrower which could give rise to a lien that would attach on the
Property, or its interest therein.

 
3. Assignment.  In consideration of the foregoing, the mutual promises,
undertakings, representations and covenants herein set forth and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Borrower hereby assigns, transfers, conveys and sets over to
Transferee, all right, title and interest of Borrower in and to the Loan
Documents.
 
4. Assumption.  In consideration of the foregoing, the mutual promises,
undertakings, representations and covenants herein set forth and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Transferee hereby assumes primary liability for the obligations to
pay the indebtedness evidenced by the Note, as amended and restated by that
certain Amended and Restated Promissory Note executed of even date herewith by
Transferee in favor of Lender (the "A&R Note"), and the other Loan Documents, as
amended hereby, and to perform all covenants, agreements and obligations under
the A&R Note and the other Loan Documents, as amended hereby.  Without limiting
the foregoing or any of the obligations in the Loan Documents, as amended
hereby, Transferee hereby covenants, promises and agrees:  (a) to pay the A&R
Note at the times, in the manner and in all other respects as provided therein;
(b) to perform each and all of the covenants, agreements and obligations in the
Loan Documents, as amended hereby, to be performed by Borrower at the time, in
the manner and in all other respects as provided therein; and (c) to be bound by
each and every term and provision of the Loan Documents, as amended hereby, as
though such documents had originally been made, executed and delivered by
Transferee.

 
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5. Consent and Acknowledgement.

 
a.
Lender hereby consents to and approves the conveyance and transfer of the
Property from Borrower to Transferee and the assumption by Transferee of the
obligations of Borrower under the Loan Documents, as amended hereby, subject to
the terms hereof and provided, further, that such consent shall not be deemed or
construed as (i) a waiver of any provision requiring Lender's consent under the
Loan Documents; (ii) a consent to any amendment or extension of the Loan
Documents (iii) except as set forth in Section 5(d) below, a consent to any
subsequent assignment or transfer of any of the Loan Documents or the Property
or any portion thereof  or (iv) except as set forth in Section 7 below, a
waiver, release, diminishing or derogation of Borrower’s primary liability under
the Loan Documents.

 
b.
Except as set forth in Section 7 below, Borrower acknowledges and agrees that
Borrower is and remains primarily liable for all obligations under the Loan
Documents and the assignment and assumption contemplated in this Agreement in no
way affects, waives, releases, diminishes or derogates from such liability of
Borrower.

 
c.
Existing Guarantor acknowledges and agrees that Existing Guarantor  remains
primarily liable for all obligations under the Guaranty and, except as set forth
in Section 8 below, the assignment and assumption of the Loan Documents
contemplated in this Agreement in no way affects, waives, releases, diminishes
or derogates from such liability of Existing Guarantor.

 
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d.
Lender and Transferee agree that Section 12 of the Mortgage is hereby deleted
and replaced with the following in lieu thereof:

 
"12. No Sale or Further Encumbrance. Without the prior written consent of
Mortgagee in each instance, Mortgagor shall not cause or permit any transfer of
the Mortgaged Property or any part thereof, whether voluntarily, involuntarily
or by operation of law, nor shall Mortgagor enter into any agreement or
transaction to transfer, or accomplish in form or substance a transfer, of the
Mortgaged Property, unless the Loan is repaid in full in connection with such
sale or transfer.  A "transfer" of the Mortgaged Property includes:  (a) the
direct or indirect sale, transfer or conveyance of the Mortgaged Property or any
portion thereof or interest therein; (b) the execution of an installment sale
contract or similar instrument affecting all or any portion of the Mortgaged
Property; (c) if Mortgagor, or any general partner or member of Mortgagor, is a
corporation, partnership, limited liability company or other business entity,
the transfer (whether in one transaction or a series of transactions and whether
a direct or indirect transfer) of any stock, partnership, limited liability
company or other ownership interests in such corporation, partnership, limited
liability company or entity; (d) if Mortgagor or any member of Mortgagor is a
corporation, the creation or issuance of new stock by which an aggregate of more
than 15% of such corporation's stock shall be vested in a party or parties who
are not now stockholders; and (e) an agreement by Mortgagor leasing all or a
substantial part of the Mortgaged Property for other than actual occupancy by a
space tenant thereunder or a sale, assignment or other transfer of or the grant
of a security interest in and to any leases.  Notwithstanding the foregoing, the
transfer of a controlling ownership interest in Sonesta International Hotels
Corp. (the "Sonesta Guarantor") shall not constitute a default under the Loan,
provided that: (i) no Event of Default shall have occurred and remain uncured;
(ii) the proposed transferee (“Assignee"), shall be reputable entity(ies) or
person(s) of good character, creditworthy, with sufficient financial worth
considering the obligations assumed and undertaken, as evidenced by financial
statements and other information reasonably requested by Mortgagee; (iii) the
Assignee shall have sufficient experience in the ownership and management of
full service upscale hotels, and the Mortgagee shall be provided with reasonable
evidence thereof; (iv) the Mortgagee has received a written request for approval
from the Mortgagor at least thirty (30) days prior to the proposed transfer
(including a description of the proposed terms of the transfer), together with a
diagram showing the legal structure of the Assignee, after the contemplated
transfer, and a list of the names, types of interests and ownership percentages
of all persons to have ownership interests in any of the foregoing or any
constituent entity thereof, financial statements for all such entities and an
administrative fee of $5,000.00, which shall be deemed fully earned on the date
of receipt and shall be retained by the Mortgagee regardless of whether or not
the transfer occurs and whether or not approval is given; (v) Mortgagee and its
counsel have received certification from the Mortgagor, Sonesta Guarantor and
the Assignee that the proposed terms of the transfer described in subparagraph
(iv) are the actual terms of the transfer and shall have received such other
documents which the Mortgagee may reasonably require, all in form and substance
reasonably satisfactory to Mortgagee, at least thirty (30) days prior to the
proposed transfer; (vi) the Assignee shall have executed and delivered to
Mortgagee a guaranty in form and substance reasonably acceptable to Mortgagee;
and (vii) Mortgagee shall have received payment of all costs and expenses
reasonably incurred by Mortgagee in connection with such transfer (including
reasonable attorney's fees and costs).

 
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Mortgagor shall not create or permit to exist any mortgage, pledge, lien,
security interest (including, without limitation, a purchase money security
interest), encumbrance, attachment, levy, distraint or other judicial process on
or against the Property or any part thereof (including, without limitation,
fixtures and other personalty), whether superior or inferior to the lien of this
Mortgage, without the prior written consent of Mortgagee.   Neither Mortgagor
nor its constituents shall obtain any mezzanine or other secondary financing."

 
e.
Lender and Transferee agree that Section [___] of the [_____________] is hereby
deleted [Note: Will insert specific DSCR and LTV provisions].

 
f.
Lender and Transferee agree that Section 6 of the Mortgage is hereby deleted and
replaced with the following in lieu thereof:

 
"6. Taxes and Insurance Escrow.  If required by Mortgagee at any time after the
occurrence of an Event of Default, Mortgagor shall pay to Mortgagee at the time
of each installment of interest and principal is due under the Note, and
commencing with the first payment due after the date of such request, a sum
equal to (a) the amount of the next installment of taxes and assessments levied
or assessed against the Property, and/or (b) the premiums which will next become
due on the insurance policies required by this Mortgage, all in amounts as
estimated by Mortgagee, less all sums already paid therefor or deposited with
Mortgagee for the payment thereof, divided by the number of payments to become
due before two (2) months prior to the date when such taxes and assessments
and/or premiums, as applicable, will become due, such sums to be held by
Mortgagee to pay the same when due.  If such escrow funds are not sufficient to
pay such taxes and assessments and/or insurance premiums, as applicable, as the
same become due, Mortgagor shall pay to Mortgagee, upon request, such additional
amounts as Mortgagee shall estimate to be sufficient to make up any
deficiency.  No amount paid to Mortgagee hereunder shall be deemed to be trust
funds but may be commingled with general funds of Mortgagee and no interest
shall be payable thereon.  Upon the occurrence of an Event of Default, Mortgagee
shall have the right, at its sole discretion, to apply any amounts so held
against the obligations or indebtedness of Mortgagor to Mortgagee."

 
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6. Release of Lender by Borrower and Existing Guarantor.  Borrower and Existing
Guarantor hereby irrevocably and unconditionally waive, release and forever
discharge any and all claims, demands, actions, causes of action, suits, debts,
accounts, covenants, obligations, and liabilities of every nature (collectively,
the "Claims"), which Borrower and/or Existing Guarantor, their respective
predecessors, successors, assigns, agents, attorneys, partners, subsidiaries,
beneficiaries, officers, directors, employees, or any entity controlling or
under common control with Borrower and/or Existing Guarantor have or might have
had against Lender, its predecessors, successors, assigns, agents, attorneys,
partners, subsidiaries, beneficiaries, officers, directors, employees, or any
entity controlling or under common control with Lender, existing on or before
the date of the recording of this Agreement in the land records in connection
with (a) the Loan, (b) the Loan Documents, (c) the Guaranty or (d) the
Property.  Borrower and Existing Guarantor hereby agree never to commence,
voluntarily aid in any way, prosecute or cause to be commenced or prosecuted
against Lender any action or other proceeding based upon any of the Claims.
 
7. Limited Release of Borrower by Lender.  Lender hereby releases Borrower from
liability under the Loan Documents for matters arising or occurring on or after
the date of the recording of this Agreement in the land records provided,
however, the Borrower shall have the burden of proving by clear and convincing
evidence that the obligations for which the Borrower disclaims liability first
arose after the date of the recording of this Agreement in the land records and
shall continue to have obligations under the Loan Documents unless and until a
court of competent jurisdiction finds that the Borrower has met such burden. The
parties hereto acknowledge and agree that any residual liability of the Borrower
under this Agreement is only for the benefit of the Lender, its successors and
assigns, and that the same does not run in favor of or for the benefit of any
other party, including, without limitation, Transferee, whether under a third
party beneficiary theory of liability or otherwise.
 
8. Limited Release of Existing Guarantor  by Lender
 
Lender's recovery of principal under the Guaranty executed by Existing Guarantor
shall be limited to the amount set forth in that Confirmation and Modification
of Guaranty by Existing Guarantor executed of even date herewith.
 
9. Lender Fees and Expenses.  Prior to recordation of this Agreement, Borrower
and Transferee agree to pay all costs and fees, including without limitation
attorneys' fees, title insurance fees, any administrative fees or charges,
recording or transfer fees, in connection with this Agreement, the drafting of
this Agreement and Lender's review of the request for the consent granted
herein.  If Lender retains counsel for advice or other representation (a) in any
litigation, contest, dispute, suit or proceeding (whether instituted by Lender
or any other party) relating in any way to this Agreement or (b) to enforce any
party's obligations hereunder, the reasonable attorneys' and paralegals' fees
arising from such services and all related expenses and court costs shall be
paid by Borrower and Transferee upon demand of Lender.  In addition, at or prior
to closing, Borrower and/or Transferee shall pay to Lender an assumption fee
equal to $15,000.

 
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10. References.  All references in the Loan Documents to the term "Note" or
"Promissory Note" shall hereinafter be deemed to refer to the A&R Note.  All
references in the Loan Documents to the term "Mortgage" shall hereinafter be
deemed to refer to the Mortgage as modified by this Agreement.  All references
in the Loan Documents to the term “Loan” shall hereinafter be deemed to mean the
loan in the amount of $6,500,000.00, as evidenced by the A&R Note.
 
11. Integration.  Borrower, Existing Guarantor, Transferee and Lender
acknowledge that there are and were no oral or written representations,
warranties, understandings, stipulations, agreements or promises made by any
party or by any agent, employee or other representative of any party, pertaining
to the subject matter of this Agreement which have not been incorporated into
this Agreement.  No express or implied consent to any further modifications
involving any of the matters set forth in the Loan Documents or this Agreement
shall be inferred or implied by Lender's execution of this Agreement.  Any
further modification of the Loan or of any Loan Document shall require the
express written approval of Lender.  No provision hereof shall be modified or
limited except by a written instrument signed by the parties hereto, expressly
referring hereto and to the provision so modified or limited.
 
12. No Prejudice.  Execution of this Agreement by Lender shall be without
prejudice to Lender’s rights at any time in the future, to exercise any and all
rights conferred upon Lender by any of the Loan Documents.
 
13. Authority.  Borrower, Existing Guarantor and Transferee hereby warrant and
represent, with respect to itself only, that the persons executing this
Agreement have full authority to execute this Agreement on their respective
behalves, if applicable, and to bind Borrower, Existing Guarantor and
Transferee.  In addition, Borrower, Existing Guarantor and Transferee warrant
and represent to Lender that the execution and delivery by them of this
Agreement and the performance hereunder has not and will not result in a breach
of, or constitute a default under, any deed of trust, mortgage deed, lease, bank
loan, credit arrangement, or other instrument or agreement to which Borrower,
Existing Guarantor and/or Transferee are parties or by which Borrower, Existing
Guarantor, the Transferee or the Property may be bound or affected.
 
14. No Relationship Between Parties.  Nothing contained in this Agreement or in
any of the other Loan Documents shall be construed as creating a joint venture
or partnership between Borrower, Existing Guarantor, Transferee and Lender; and
Lender shall have no right or control or supervision, except as it may exercise
under the rights and remedies provided in the Loan Documents.
 
15. Successors and Assigns.  This Agreement shall be binding upon and inure to
the benefit of Lender, Borrower Existing Guarantor and Transferee and their
respective heirs, legal representatives, successors and assigns.

 
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16. Governing Law.  This Agreement is delivered in, relates to real and personal
property located in the State of Florida.  This Agreement and the enforcement of
all of the rights and duties of the parties arising from or relating in any way
to the subject matter of this Agreement shall be governed by and construed
according to the substantive laws and judicial decisions of the State of Florida
(regardless of the place of business, residence, location or domicile of the
parties hereto or any of their constituent partners or principals), without
regard to conflict of law provisions of the State of Florida.  Each party hereby
submits to personal jurisdiction in the State of Florida for the enforcement of
this Agreement and hereby waives any claim or right under the laws of any other
state or of the United States to object to such jurisdiction.  If such
litigation is commenced, each party agrees that service of process may be made
by serving a copy of the summons and complaint upon each party, through any
lawful means, including upon its registered agent within the State of Florida,
whom each party hereby appoints as its agent for this purpose.  Nothing
contained herein shall prevent Lender's bringing any action or exercising any
rights against each party personally or against any property of each party
within any other county, state or country.  The means of obtaining personal
jurisdiction and perfecting service of process set forth above are not intended
to be exclusive but are in addition to all other means of obtaining personal
jurisdiction and perfecting service of process now or hereafter provided by
applicable law.
 
17. Notices.  Borrower and Transferee hereby notify and direct Lender to send
all notices to be sent under the Loan Documents to Transferee rather than to
Borrower, at the following address:
Sonesta Coconut Grove, Inc.
c/o Sonesta International Hotels Corporation
116 Huntington Avenue, Floor 9
Boston, Massachusetts 02116
Attention: Office of the Treasurer
 
18. Counterparts.  This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original when executed and delivered, but all
of which taken together shall constitute one and the same instrument.
 
19. Headings.  Headings are for convenience and reference only and in no way
define or limit the provisions of this Agreement.
 
20. Severability.  All provisions contained in this Agreement are severable and
the invalidity or unenforceability of any provision shall not affect or impair
the validity or enforceability of the remaining provisions of this Agreement.

[Balance of Page Intentionally Left Blank]

[Signatures Appear on Next Page]

 
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IN WITNESS WHEREOF the undersigned have executed this Agreement as of the date
first set forth above.

 
 
 
 
__________________________
 
__________________________
[Print Name]
 
__________________________
 
__________________________
[Print Name]
LENDER:
 
OCEAN BANK,
a Florida banking corporation
 
 
By:________________________________
Name:______________________________
Title:______________________________

State of Florida                         )
    )ss:
County of Miami-Dade           )
 

 
The foregoing instrument was acknowledged before me this ____ day of June, 2010
by ______________________, as a _________________ President of Ocean Bank, on
behalf of the bank.  He/She is personally known to me (YES) (NO) or who has
produced _______________________ as identification.
 
_______________________________________
(Signature of Notary)
_______________________________________
(Print Name of Notary)

 
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WITNESS:
BORROWER:
 
__________________________________
Name:
__________________________________
Name:
MUTINY ON THE PARK, LTD.,
a Florida limited partnership
 
By:           Flagler on the Park, Inc.,
a Florida corporation,
Its General Partner
 
 
By:____________________________
Name:__________________________
Its:_____________________________
   

STATE OF FLORIDA                                                      )
SS.:
COUNTY OF
MIAMI-DADE                                                      )           The
foregoing instrument was acknowledged before me this _____ day of ______, 2010
by Ricardo Dunin, the President of Flagler on the Park, Inc, a Florida
corporation, the General Partner of Mutiny On The Park, Ltd, a Florida limited
partnership on behalf of the company.  He/She is personally known to me (YES)
(NO) or has produced __________________________________ as identification.

__________________________________
Notary Public
[Notarial Seal]
__________________________________
Printed Name of Notary

 
 

 
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WITNESS:
TRANSFEREE:
 
__________________________________
Name:
__________________________________
Name:
SONESTA COCONUT GROVE, INC.,
a Florida corporation
 
 
By:________________________________
Name:_____________________________
Its:_______________________________
   

STATE OF FLORIDA                                                      )
SS.:
COUNTY OF MIAMI-DADE                                                      )The
foregoing instrument was acknowledged before me this _____ day of ______, 2010
by ______________, the _______________ of Sonesta Coconut Grove, Inc., a Florida
corporation  on behalf of the company.  He/She is personally known to me (YES)
(NO) or has produced __________________________________ as identification.

__________________________________
Notary Public
[Notarial Seal]
__________________________________
Printed Name of Notary

 
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WITNESS:
EXISTING GUARANTOR:
 
__________________________________
Name:
__________________________________
Name:
 
___________________________
RICARDO DUNIN, an individual
   

STATE OF FLORIDA                                                      )
SS.:
COUNTY OF
MIAMI-DADE                                                      )           The
foregoing instrument was acknowledged before me this _____ day of ______, 2010
by Ricardo Dunin.  He/She is personally known to me (YES) (NO) or has produced
__________________________________ as identification.

__________________________________
Notary Public
[Notarial Seal]
__________________________________
Printed Name of Notary

 
 

 
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EXHIBIT A

Loan Documents:

1.
the Note.

2.
Amended and Restated Mortgage and Security Agreement and Notice of Future
Advance and Extension Agreement, dated as of the Original Closing Date, from
Borrower to Lender, recorded in Official Records Book 26634 at page 281 of the
public records of Miami-Dade County, Florida (the "Mortgage").

3.
Assignment of Leases and Rents, dated as of the Original Closing Date, from
Borrower to Lender, recorded in Official Records Book 26634 at page 308 of the
public records of Miami-Dade County, Florida (the "Assignment of Leases").

4.
Assignment of Development Documents and Covenants dated as of the Original
Closing Date from Borrower to Lender, recorded in Official Records Book 26634 at
page 318 of the public records of Miami-Dade County, Florida.

5.
Uniform Commercial Code Fixture Filing from Borrower as debtor and Lender as
secured party recorded in Official Records Book 26634 at Page 323 of the public
records of Miami-Dade County, Florida.

6.
Credit Agreement dated as of the Original Closing Date between Borrower and
Lender (the "Credit Agreement").

 
 

 
# 9525992_v4

 
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