Document:

Exhibit 10.65

     

    GENERAL OPERATIONS, MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT

    

    
       

      This General Operations, Management and Administrative Services Agreement (this “Agreement”), effective as of December 19, 2017, is entered into by and between All Aboard Florida - Operations LLC, a Delaware limited liability company (“AAF”) and All Aboard Florida Operations Management LLC, a Delaware
        limited liability company (“Manager”).

      

    

    
       

      RECITALS

      

    

    
       

      WHEREAS, AAF owns, or has contracted for the rights for, the properties to design, develop, acquire, construct, install, equip, own,
        and operate the “All Aboard Florida” project which consists of an express intercity passenger railway system and related facilities, with stations located initially in West Palm Beach, Fort Lauderdale and Miami, Florida (the “Project”) and the operation and maintenance thereof.

       

      WHEREAS, Manager is experienced, through its officers, employees and affiliates in providing operation and management services in
        connection with the Project; and

       

      WHEREAS, AAF desires to enter into this Agreement, pursuant to which Manager will provide services to AAF in connection with the
        Project.

      

    

    
       

      AGREEMENTS

      

    

    
       

      In consideration of the recitals and mutual covenants contained herein and other good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

       

      1.             Provision of Services. Subject to the terms and conditions hereof, AAF hereby engages Manager to be responsible for the day-to-day management and operations of AAF and to perform (or
        cause to be performed) such services and activities relating to the assets and operations of AAF as may be appropriate, including, without limitation development services, financial planning, legal, tax, internal auditing, public affairs, real
        estate, treasury, management, dispatch, personnel, administrative, billing, accounting, marketing, customer relations, product planning, information systems, human resources, and other services specified on Exhibit A attached hereto, with respect
        to the Project, as hereafter amended or supplemented from time to time by written agreement of the parties hereto (the “Services”),
        and Manager hereby agrees to provide the Services, during the Term (as hereinafter defined).

       

      2.             Standards and Compliance with Laws.

      

    

    
       

      2.1          Standards and
            Compliance with Laws. In providing Services hereunder, Manager shall perform its duties and obligations in a professional manner and comply with the industry’s commercial standards and practices with respect to the provision of such
        services and shall exercise the same level of care that Manager exercises in performing such services on its own behalf. Except as provided for in the immediately foregoing sentence, Manager shall not be required to exercise any greater standard of
        care in providing such Services. Manager shall apply for, obtain, and maintain all licenses and permits required in connection with the management, operation, maintenance and advertising of the Project, and shall, at AAF’s expense, but in
        accordance with the Approved Budget (as hereinafter defined), comply in all material respects with applicable laws, ordinances, rules, regulations and requirements of all federal, state and municipal governments, courts, departments, commissions,
        boards and offices, any national or local board of fire underwriters, any environmental agency, or any other body exercising functions similar to those of any of the foregoing which may be applicable to the Project and its operation. Manager shall,
        at AAF’s expense and only if in accordance with an Approved Budget or otherwise reimbursable to Manager under this Agreement, promptly remedy any violation of any such law, ordinance, rule, regulation, or order known to Manager to the extent such
        remedy is in its control and shall promptly notify AAF of any such violation. Manager agrees that during the term of this Agreement it shall (a) cooperate with AAF and (b) use its good faith efforts, skill, judgment, and abilities to supervise and
        direct the management, operation and maintenance of the Project in accordance with AAF’s requirements and procedures and the Approved Budget.

      
        
          

        

      

      2.2          Approved Budgets. Manager shall prepare and submit to AAF a proposed business plan which shall include budgets for the remaining portion of the calendar year and each calendar year thereafter. The proposed
        business plan and budgets for the succeeding years shall be submitted as directed by AAF. AAF will review the proposed budgets and then will consult with the Manager in the ensuing period prior to the commencement of the forthcoming calendar year
        in order to agree on an approved business plan, operating budget and capital budget (collectively with any approved business plan, operating budget and capital budget, the “Approved Budget”).

      

    

    
       

      3.             Authority.

      

    

    
       

      3.1          General. AAF hereby authorizes Manager to exercise such powers with respect to the Project as are necessary and appropriate to carry out its duties hereunder. Manager shall have no right or authority,
        expressed or implied, to commit or otherwise obligate AAF in any manner whatsoever except to the extent specifically provided herein or specifically authorized in writing by AAF. Manager shall have no right or interest in the Project, nor any claim
        of lien with respect thereto, arising out of this Agreement or the performance of its services hereunder. Manager shall be the agent of AAF solely to perform the duties as set forth in this Agreement.

       

      3.2          Specific Authority. AAF hereby grants to Manager the power and authority to manage and operate the Project; to purchase supplies therefor, to negotiate contracts therefor; to open bank accounts in the name
        of the Project in accordance with the terms of the Collateral Agency, Intercreditor and Accounts Agreement, dated as of December 1, 2017 by and among AAF, Deutsche Bank National Trust Company, as trustee, Deutsche Bank National Trust Company, as
        collateral agent (the “Collateral Agent”‘), each of other secured parties from time
        to time party thereto and Deutsche Bank National Trust Company, as account bank (as such agreement is amended, supplemented or otherwise modified, the “Collateral Agency Agreement”): to pay or cause the Collateral Agent to pay on behalf of AAF all bills and invoices including (without limitation) utility bills, insurance
        premiums, payments on AAF’s indebtedness, management fees and costs, maintenance costs, costs of janitorial and grounds-keeping services, costs of supplies, routine repairs and other routine operating expenses representing expenses incurred in the
        operation and maintenance of the Project; provided, however, that Manager shall not make any payments (including payments constituting Annual Compensation (as defined below)) relating to the portion of the Project located outside of Miami-Dade,
        Broward and Palm Beach Counties, Florida, other than with equity contributions made to AAF and deposited in the Equity Funded Account (as defined in the Collateral Agency Agreement). Manager agrees to secure AAF’s approval for all extraordinary
        expenditures, not included in the Approved Budget, and except for emergency repairs if such repairs are necessary, in the opinion of Manager, to protect the Project from immediate risk of damage or to maintain services AAF is required to provide.

       

      3.3          Delegation. Manager may delegate any of its duties hereunder through employees, affiliates, agents or independent contractors; provided that Manager shall remain responsible for the
        selection of such service providers and be liable for the performance of the Services hereunder delegated to such service providers.

    

    
      
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      4.             Compensation.

      

    

    
       

      4.1          Method of Computation. As compensation for the Services actually rendered by Manager hereunder during each calendar year during the Term, AAF shall pay to Manager the amount payable
        with respect to such Services, as calculated in accordance with the principles and methodology described on Exhibit B attached hereto, as may be hereafter amended or supplemented from time to time by written agreement of the parties hereto (the “Annual
          Compensation”).

       

      4.2          Estimated Annual Compensation. The Annual Compensation payable with respect to each calendar year during the Term shall be estimated by agreement of the parties hereto at the beginning of such year by
        reference to the Services provided hereunder with respect to the previous calendar year during the Term (the “Estimated Annual Compensation”); provided, however, with respect to the first calendar year of the Term, the Estimated Annual
        Compensation shall be estimated by agreement of the parties hereto based upon the parties’ good faith projections of the Services to be provided hereunder during such year. The Estimated Annual Compensation payable with respect to each such
        calendar year shall be paid to Manager by AAF ratably over the course of such calendar year on the first business day of each calendar month or as otherwise agreed by AAF and Manager.

       

      4.3          Year-End Adjustment. Within sixty (60) days after the end of each calendar year during the Term, the Annual Compensation actually payable with respect to such calendar year shall be
        definitively calculated by the parties hereto in accordance with Section 4.1 hereof. In the event the Estimated Annual Compensation paid by AAF with respect to such calendar year exceeded such Annual Compensation, the excess shall be promptly
        repaid to AAF by Manager. In the event the Estimated Annual Compensation paid by AAF with respect to such calendar year is less than such Annual Compensation, the deficiency shall be promptly paid to Manager by AAF.

      

    

    
       

      5.             Insurance.

      

    

    
       

      5.1          AAF Insurance. Manager, at AAF’s expense, will cause AAF to carry insurance required or requested to be obtained by AAF in connection with the Project. AAF’s commercial liability
        insurance will include Manager as an additional insured (using ISO form CG 20 11 or substitute providing equivalent or broader coverage). AAF hereby waives all rights of subrogation against Manager with respect to losses payable under such
        policy(ies).

       

      5.2          Manager’s Insurance. Manager shall obtain and keep in force at AAF’s expense and shall furnish a certificate of insurance to AAF evidencing:

      

    

    
       

      (a)          Worker’s Compensation - statutory limits

       

      (b)          Employers’ Liability - $500,000

       

      (c)          Commercial General Liability - $1,000,000 per occurrence and $2,000,000 aggregate

       

      (d)          Business Auto Liability including hired and non-owned auto coverage - $1,000,000 combined single limit

       

      (e)          Umbrella/Excess - $2,000,000 per occurrence and $2,000,000 aggregate

    

    
       

      Such policies and amounts may be hereafter amended or supplemented from time to time by written agreement of the parties hereto. The
        certificate shall provide that AAF will be given at least thirty (30) days prior written notice of cancellation of the policy. All such policies shall be issued by insurance companies licensed in Florida. Manager hereby waives all rights of
        subrogation with respect to losses payable under such policies.

      
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      5.3          Subcontractor’s Insurance. Manager shall require that all independent contractors involved in the Project have insurance coverage in the amounts and meeting the requirements set by AAF
        and provided to Manager from time to time.

      

    

    
       

      6.              Indemnification.

      

    

    
       

      6.1          Indemnification by AAF. AAF agrees to indemnify,
        defend, and hold Manager and its affiliates (other than AAF) and any of their respective officers, directors, employees and agents (each a “Manager Indemnified Person”) harmless to the fullest extent permitted by law from and against any and all liabilities, losses, interest, damages, costs or expenses
        (including, without limitation, reasonable attorneys’ fees, whether suit is instituted or not, and if instituted, whether incurred at any trial or appellate level or post judgment) threatened or assessed against, levied upon, or collected from,
        such Manager Indemnified Person, arising out of, from, or in any way related to, the management and operation of the Project or other Services provided in accordance with the terms of this Agreement, including without limitation any and all
        liabilities, losses, damages, costs or expenses incurred by such Manager Indemnified Person arising out of, from or relating to, any event or occurrence which may have taken place prior to the effective date or subsequent to the term of this
        Agreement. Notwithstanding the foregoing, AAF shall not be required to indemnify any Manager Indemnified Person with respect to any liability, loss, interest, damages, cost or expense suffered as a result of the gross negligence or willful
        misconduct of such Manager Indemnified Person. No Manager Indemnified Person shall be liable for any good faith error of judgment or for any mistake of fact or law, or for anything which it may do or refrain from doing in good faith and in
        pursuance of its duties and activities hereunder, except in cases of its own willful misconduct or its own gross negligence. AAF shall not be required to indemnify any Manager Indemnified Person with respect to any liability, loss, interest,
        damage, cost or expense to the extent that the same is covered by proceeds received by any Manager Indemnified Person pursuant to insurance maintained by AAF or Manager.

       

      6.2          Indemnification by Manager. Manager agrees to indemnify and hold AAF, its respective officers, directors and employees harmless to the fullest extent permitted by law from and against
        any and all liabilities, losses, interest, damages, costs or expenses (including without limitation, reasonable attorneys’ fees, whether suit is instituted or not and if instituted, whether incurred at any trial or appellate level or post
        judgment), threatened or assessed against, levied upon, or collected from, AAF arising from the gross negligence or willful misconduct of any Manager Indemnified Person. Notwithstanding the foregoing, Manager shall not be required to indemnify AAF
        with respect to any liability, loss, interest, damage, cost or expense to the extent that the same is covered by proceeds of insurance maintained by AAF or Manager. In addition, the maximum liability and obligation of Manager to AAF arising under
        or in connection with this Agreement, whatever the claim and for any reason, shall be limited to the Fixed Fee (as defined in Exhibit B attached hereto) earned hereunder not to exceed $500,000.

       

      6.3          Notice of Indemnification. A party’s duty to indemnify pursuant to the provision of this Section 6 shall be conditioned upon the giving of notice by such party of any suit or proceeding
        and upon the indemnifying party being permitted to assume in conjunction with the indemnitor, the defense of any such action, suit or proceeding in accordance with Section 6.4 hereof.

      
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      6.4          Third Party Claim Procedure. If a third party (including, without limitation, a governmental organization) asserts a claim against a party to this Agreement and indemnification in
        respect of such claim is sought under the provisions of this Section 6 by such party against another party to this Agreement, the party seeking indemnification hereunder (the “Indemnified Party”) shall promptly (but in no event later than 10 business days prior to the time in which an answer or other responsive pleading or notice with respect to the claim is required) give written notice to
        the party against whom indemnification is sought (the “Indemnifying Party”) of such
        claim. The Indemnifying Party shall have the right at its election to take over the defense or settlement of such claim by giving prompt written notice to the Indemnified Party at least five business days prior to the time when an answer or other
        responsive pleading or notice with respect thereto is required. If the Indemnifying Party makes such election, it may conduct the defense of such claim through counsel or representative of its choosing (subject to the Indemnified Party’s approval
        of such counsel or representative, which approval shall not be unreasonably withheld), shall be responsible for the expenses of such defense, and shall be bound by the results of its defense or settlement of claim to the extent it produces damage
        or loss to the Indemnified Party. The Indemnifying Party shall not settle any such claim without prior notice to and consultation with the Indemnified Party, and no such settlement involving any equitable relief or which might have a material and
        adverse effect on the Indemnified Party may be agreed to without its written consent. So long as the Indemnifying Party is diligently contesting any such claim in good faith, the Indemnified Party may pay or settle such claim only at its own
        expense. Within 20 business days after the receipt by the Indemnifying Party of written request by the Indemnified Party at any time, the Indemnifying Party shall make financial arrangements reasonably satisfactory to the Indemnified Party, such as
        the posting of a bond or a letter of credit, to secure the payment of its obligations under this Section 12 in respect of such claim. If the Indemnifying Party does not make such election, or having made such election does not proceed diligently to
        defend such claim, or does not make the financial arrangements described in the immediately preceding sentence, then the Indemnified Party may, upon three business days’ written notice and at the expense of the Indemnifying Party, take over the
        defense of and proceed to handle such claim in its exclusive discretion and the Indemnifying Party shall be bound by any defense or settlement that the Indemnified Party may make in good faith with respect to such claim. The parties agree to
        cooperate in defending such third party claims and the defending party shall have access to records, information and personnel in control of the other party or parties which are pertinent to the defense thereof.

       

      6.5          Remedies Cumulative. Except as otherwise provided herein, the rights and remedies expressly provided herein are cumulative and not exclusive of any rights or remedies which the parties
        hereto may otherwise have at law or in equity. Nothing herein shall be construed to require any of the parties hereto to elect among remedies.

      

    

    
       

      7.              Financial Reporting and Record Keeping.

      

    

    
       

      7.1          Books of Accounts. Manager, in the conduct of its responsibilities to AAF, shall maintain adequate and separate books and records for the Project and such books and records shall be
        accessible for inspection by representatives of AAF at any time during normal business hours upon reasonable advance written notice. Manager shall comply with AAF’s lender’s requirements as to bank accounts and reporting. Such books and records
        shall be maintained by Manager at Manager’s office or at such other location as may be mutually agreed upon in writing. The Manager shall keep confidential any and all information obtained in connection with the services rendered under this
        Agreement and shall not disclose any such information to nonaffiliated third parties except with the prior written consent of AAF.

       

      7.2          Supporting Documentation. Supporting documentation for all expenditures and financial reports shall be provided by the Manager as requested by AAF.

       

      7.3          Ownership of Books and Records. All books, records, lease and sale information, computer programs provided by AAF, correspondence and property related records are property of AAF and
        should be considered confidential and proprietary to AAF.

    

     

    8.             Term of Agreement.

    

    
       

      8.1          Term. The term of this Agreement shall commence on the date hereof and shall continue thereafter for a period of ten (10) years, unless earlier terminated as provided hereunder, and
        shall be automatically extended thereafter for successive five-year periods. The initial ten (10) year term and all additional successive five (5) year terms are collectively referred to hereinafter as the “Term”. Either party may terminate this
        Agreement without cause upon ninety (90) days’ prior written notice. In addition, in the event of a substantial failure on the part of either party (the “Defaulting Party”) to perform its obligations hereunder (including, without limitation, Manager’s failure to provide Services hereunder that substantially
        comply with commercially reasonable practices and standards or AAF’s failure to promptly pay to Manager the compensation payable hereunder) and its continuance in such default for a period of sixty (60) days after its receipt of written notice
        thereof by the other party or parties hereto (the “Non-Defaulting Party”), the
        Non-Defaulting Party may, in its sole discretion, and notwithstanding any waiver of any prior breach hereof, terminate this Agreement on thirty (30) days’ prior written notice to the Defaulting Party.

      
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      8.2          Effect of Termination. Upon termination of this Agreement, Manager shall, as soon as practicable but in no event later than the sixtieth (60th) day after notice of termination is given in accordance with paragraph 8.1:

       

      (a)          surrender and deliver to AAF all funds held by Manager in connection with the Project; and any other monies of AAF in
        possession of Manager or in any bank account, if any;

       

      (b)          deliver to AAF as received any monies due to AAF under this Agreement but received by Manager after the effective date of
        such termination;

       

      (c)          deliver to AAF all materials, property, equipment, tools and supplies, keys, contracts and documents relating to the
        Project which are owned by AAF, and such other accountings, papers, and records as AAF shall request pertaining to the Project;

       

      (d)          assign to AAF, without recourse, all of Manager’s interest, if any, in such existing contracts relating to the operation
        and maintenance of the Project; provided that AAF shall be responsible for obtaining any necessary third party consents with respect to such assignments; and

       

      (e)          furnish all such information and take all such action as AAF shall reasonably require in order to effectuate an orderly
        and systematic ending of Manager’s duties and activities hereunder. Within ten (10) days after any such termination, Manager shall deliver to AAF any written reports required hereunder for any period not covered by prior reports at the time of
        termination. With regard to the originals of all papers and records pertaining to the Project, the possession of which are retained by Manager after termination, Manager shall: (i) make the same available for inspection and reproduction by AAF at
        reasonable times upon request of AAF and at AAF’s request; (ii) deliver same into AAF’s possession in the event AAF in good faith requires same for use in a legal or quasi-legal proceeding; and (iii) not destroy the same without first offering to
        deliver the same to AAF.

       

      8.3          Compensation Owed to Manager Upon Termination. Upon termination, all compensation, reimbursements and any other amounts accrued to the date of termination and owed by AAF to Manager
        shall be paid promptly but in no event later than Manager’s fulfillment of its obligations hereunder. In addition, in the event AAF terminates this Agreement for any reason (including a sale of the Project) other than a termination of Manager for
        cause, AAF shall pay to Manager a termination fee equal to two (2) months’ management fees if the termination occurs within the first six (6) months of this Agreement.

    

    
      
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      9.             Miscellaneous.

    

    
       

      9.1          Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by
        hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of
        transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt
        requested, postage prepaid. Such communications must be sent to the respective parties at the addresses indicated below (or at such other address for a party as shall be specified in a notice given in accordance with this Section 9):

       

      
        	 	
                If to AAF:

              	
                All Aboard Florida - Operations LLC

              
	 	 	
                2855 S. LeJeune Road, 4th Floor

              
	 	 	
                Coral Gables, Florida 33134

              
	 	 	
                E-mail: Dave.Howard@gobrightline.com

              
	 	 	
                Attention: Dave Howard

              
	 	 	 
	 	 	
                With a copy to:

              
	 	 	 
	 	 	
                All Aboard Florida - Operations LLC

              
	 	 	
                2855 S. LeJeune Road, 4th Floor

              
	 	 	
                Coral Gables, Florida 33134

              
	 	 	
                E-mail: Myles.Tobin@allaboardflorida.com

              
	 	 	
                Attention: General Counsel

              
	 	 	 
	 	
                If to Manager:

              	
                All Aboard Florida Operations Management LLC

              
	 	 	
                2855 S. LeJeune Road, 4th Floor

              
	 	 	
                Coral Gables, Florida 33134

              
	 	 	
                E-mail: Dave.Howard@gobrightline.com

              
	 	 	
                Attention: Dave Howard

              
	 	 	 
	 	 	
                With a copy to:

              
	 	 	 
	 	 	
                All Aboard Florida Operations Management LLC

              
	 	 	
                2855 S. LeJeune Road, 4th Floor

              
	 	 	
                Coral Gables, Florida 33134

              
	 	 	
                E-mail: Myles.Tobin@allaboardflorida.com

              
	 	 	
                Attention: General Counsel

              

      

       

    

    
      9.2           Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which counterparts together shall constitute one and the same
        instrument.

       

      9.3           Time is of the Essence. All dates and times in this Agreement are of the essence.

       

      9.4           Assignment. Neither party hereto shall assign or otherwise transfer this Agreement or its rights, interests or obligations hereunder to any other person or entity without the prior
        written consent of the other party hereto, which consent shall not be unreasonably withheld; provided, however, notwithstanding the foregoing, no such consent shall be necessary if such assignment or transfer occurs by operation of law, whether as
        a result of a merger or otherwise, or as a result of a purchase of all or substantially all of the stock or assets of such party, in which case, the assignee shall be bound under this Agreement and by the terms of such assignment in the same manner
        as such party is bound under this Agreement.

       

      9.5            Governing Law. The nature, validity and effect of this
          Agreement shall be governed by and construed and enforced in accordance with the laws of the Florida.

      
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          9.6           Captions. Captions are for descriptive purposes only and shall not control or alter the
              meaning of this Agreement as set forth in the text.

        

         

        9.7           Entire Agreement and Amendment. This Agreement constitutes the entire agreement between the
            parties hereto related to the Services and no modification hereof shall be effective unless made by a supplemental agreement in writing executed by all of the parties hereto.

         

      

      9.8           No Joint Venture. Manager shall not be deemed to be a partner or a joint venturer with AAF, nor shall Manager have any obligation or liability, in tort or in contract, with respect to
        the Project, either by virtue of this Agreement or otherwise.

       

      9.9           Severability. If any provision of this Agreement, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of the Agreement, or the
        application of such provision to persons or circumstances other than those to which it is held invalid, shall not be affected thereby.

       

      9.10          Successors. Except as herein otherwise specifically provided, this Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns.

       

      9.11          Pronouns. Whenever from the context it appears appropriate, each term stated in either the singular or the plural shall include the singular and the plural, and pronouns stated in
        either the masculine, the feminine or the neuter gender shall include the masculine, feminine and neuter.

       

      9.12          Attorneys’ Fees. If any party commences an action against the other party to interpret or enforce any of the terms of this Agreement or as the result of a breach by the other party of
        any terms hereof, the losing (or defaulting) party shall pay to the prevailing party all reasonable attorneys’ fees, costs and expenses incurred in connection with the prosecution or defense of such action, including those incurred in any appellate
        proceedings, and whether or not the action is prosecuted to a final judgment.

       

      9.13          Further Assurances. Each party agrees to execute and deliver any and all additional instruments and documents and do any and all acts and things as may be necessary or expedient to more
        fully effectuate this Agreement and carry on the business contemplated hereunder.

       

      9.14          Equitable Remedies. In the event of a breach or threatened breach of this Agreement by any party, the remedy at law in favor of the other party will be inadequate and such other party,
        in addition to any and all other rights which may be available, shall accordingly have the right of specific performance in the event of any breach, or injunction in the event of any threatened breach of this Agreement by any party.

       

      9.15          Force Majeure. Inability of either party to commence or complete its obligations hereunder by the dates herein required resulting from delays caused by strikes, picketing, acts of God,
        war, governmental action or inaction, emergencies or other causes beyond either party’s reasonable control which shall have been timely communicated to the other party, shall extend the period for the performance of the obligations for the period
        equal to the period(s) of any such delay(s).

       

      9.16         Third Party Rights. The provisions of this Agreement are for the exclusive benefit of the parties to this Agreement and no other party (including without limitation, any creditor of AAF
        or Manager) shall have any right or claim against AAF or Manager by reason of those provisions or be entitled to enforce any of those provisions against AAF or Manager.

       

      9.17          Survival. All covenants, agreements, representations and warranties made herein or otherwise made in writing by any party pursuant hereto shall survive the execution and delivery of
        this Agreement and the consummation of the transactions contemplated hereby.

      
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      9.18          Remedies Cumulative. The rights and remedies given in this Agreement and by law to a non-defaulting party shall be deemed cumulative, and the exercise of one of such remedies shall not
        operate to bar the exercise of any other rights and remedies reserved to a non-defaulting party under the provisions of this Agreement or given to a non-defaulting party by law.

       

      9.19          No Waiver. One or more waivers of the breach of any provision of this Agreement by any party shall not be construed as a waiver of a subsequent breach of the same or any other
        provision, nor shall any delay or omission by a non-defaulting party to seek a remedy for any breach of this Agreement or to exercise the rights accruing to a non-defaulting party of its remedies and rights with respect to such breach.

       

      9.20          Construction. This Agreement shall be interpreted without regard to any presumption or rule requiring construction against the party causing this Agreement to be drafted.

       

      9.21          Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience of reference only and do not constitute a part of this Agreement.

      
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      IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed by their duly authorized officers where applicable and sealed as of the date first above written.

      

      

    

    	 	
            AAF:

          	 	 
	 	 	 	 
	 	
            All Aboard Florida - Operations LLC,

          	 
	 	
            a Delaware limited liability company

          	 
	 	 	 	 
	 	
            By:

          	
            /s/ Kolleen Cobb

          	 
	 	
            Name:

          	
            Kolleen Cobb

          	 
	 	
            Title:

          	
            Vice President

          	 
	 	 	 	 
	 	
            Manager:

          	 	 
	 	 	 	 
	 	
            All Aboard Florida Operations Management

          	 
	 	
            LLC, a Delaware limited liability company

          	 
	 	 	 	 
	 	
            By:

          	
            /s/ Kolleen Cobb

          	 
	 	
            Name:

          	
            Kolleen Cobb

          	 
	 	
            Title:

          	
            Vice President

          	 

    
       

      Signature Page to Management AgreementExhibit 10.66

    

       

    This Instrument Prepared By

    And To Be Returned To:

    R. Mason Blake, Esquire

    DEAN MEAD

    7380 Murrell Road, Suite 200

    Viera, Florida 32940

    (321) 259-8900

    

    

  

  
    AERIAL RAILROAD BRIDGE, BRIDGE SUPPORT AND DRAINAGE EASEMENT

    AGREEMENT

  

  

  

  THIS AERIAL RAILROAD BRIDGE, BRIDGE SUPPORT AND DRAINAGE EASEMENT AGREEMENT (hereinafter referred to as this
    “Easement Agreement”) is made and entered as of this 31st  day of January, 2017 (hereinafter referred to as the “Effective Date”) by and between
    BREVARD COUNTY, FLORIDA, a political subdivision of the State of Florida, whose address is 2725 Judge Fran Jamieson Way, Bldg. C, Viera Florida 32940 (hereinafter referred to as the “Grantor”), and ALL ABOARD FLORIDA – OPERATIONS, LLC, a Delaware
    limited liability company, whose address is 2855 LeJeune Road, 4th Floor, Coral Gables, Florida 33134 (hereinafter referred to as the “Grantee”).

  

  

  RECITALS

  

  

  WHEREAS, the Grantor is the owner of fee simple title to that certain public roadway, known as Pine Street; and

  

  

  WHEREAS, the Grantee desires to obtain certain easements, and Grantor has agreed to grant such easements, for the
    purposes of, among other things as set forth herein, constructing, operating, maintaining, repairing the Improvements (as defined in Section 2 below) and Drainage Facilities (as defined in Section 3 below) over, upon, across and . through portions of
    the Pine Street right-of-way as more particularly described in Exhibit “A”, Exhibit “C”, Exhibit “D” and Exhibit “E”, attached hereto and incorporated herein by this reference (collectively, hereinafter referred to as the “Easement Property”); and

  

  

  WHEREAS, the Grantee’s proposed use of the Easement Property will not impair the use of the Easement Property as a
    roadway for vehicular or pedestrian traffic, or impede the free flow of traffic on Pine Street, excepting during occasional short-term construction or major maintenance operations (hereinafter referred to as “Roadway Purposes”); and

  

  

  WHEREAS, as consideration for receiving the rights granted hereunder, the Grantee hereby agrees to maintain and
    repair, or to cause to be maintained and repaired, the Improvements, to hold harmless and defend the Grantor, and to maintain insurance, all as further set
    forth and agreed to below;

  
    1

    
      

    

  

  NOW, THEREFORE, in consideration of the sum of One Dollar, and other valuable consideration paid and received, the
    receipt and sufficiency of which are hereby acknowledged, the Grantor and the Grantee agree as follows:

  

  

  1.          Recitals.  The above recitals are true and correct in all respects and are incorporated herein by reference as if set forth herein verbatim.

  

  

  
    2.          Grant of Bridge Easements.

     

                                  (a)            Aerial Railroad Bridge Easement.  The Grantor hereby grants, conveys, dedicates and establishes a perpetual, non-exclusive easement above that portion
        of the Easement Property as more particularly described in Exhibit “A”, attached hereto and incorporated herein by this reference (hereinafter referred to as the “Aerial Railroad Bridge Easement Parcel”), subject to the terms and conditions set
        forth herein, in favor of the Grantee, its contractors, subcontractors, agents, employees, licensees, successors and assigns, for the purposes of constructing, installing, maintaining, operating, using, restoring, replacing, altering, repairing and
        removing (but not enlarging, expanding or relocating) that portion of a passenger railroad bridge and related improvements (hereinafter referred to as the “Improvements”) to be constructed and located within the Aerial Railroad Bridge Easement
        Parcel in accordance with the plans and specifications set forth in Exhibit “B”, attached hereto and incorporated herein by reference (hereinafter referred to as the “Plans”), together with non-exclusive rights for ingress, egress and access on,
        in, over, under, and through the land area of the Aerial Railroad Bridge Easement Parcel and the Improvements for the purpose of performing such construction, installation, maintenance, use, operation, restoration, replacement, alteration, removal
        and repair of the Improvements (hereinafter referred to as the “Aerial Railroad Bridge Easement”). The Grantor retains all rights with respect to traffic flow, pedestrian access, and all other governmental regulation on the Easement Property,
        subject to this Easement Agreement and other documents of record.

  

  

  

  (b)             Bridge Support Structure Easement.  The Grantor hereby grants, conveys, dedicates and establishes a perpetual, non-exclusive Railroad
      Bridge Support Structure easement on that portion of the Easement Property more particularly described in Exhibit “C”, attached hereto and incorporated herein by this reference (hereinafter referred to as the “Railroad Bridge Support Structure
      Easement Parcel”), subject to the terms and conditions set forth herein, in favor of the Grantee, its contractors, subcontractors, agents, employees, licensees, successors and assigns, for the purposes of constructing, installing, maintaining,
      operating, using, restoring, replacing, altering, repairing and removing (but not enlarging, expanding or relocating) that portion of the Improvements to be constructed and located in the Railroad Bridge Support Structure Easement Parcel in
      accordance with the Plans, together with non-exclusive rights for ingress, egress and access on, in, over, under, and through the land area of the Railroad Bridge Support Structure Easement Parcel and the Improvements for the purpose of performing
      such construction, installation, maintenance, use, operation, restoration, replacement, alteration, removal and repair of the Improvements (hereinafter referred to as the “Railroad Bridge Support Structure Easement”). The Grantor retains all rights
      with respect to traffic flow, pedestrian access, and all other governmental regulation on the Easement Property, subject to this Easement Agreement and other documents of record.

  
    2

    
      

    

  

  3.          Drainage. Easement.  The Grantor hereby grants, conveys, dedicates and establishes a perpetual, non-exclusive easement over, upon, across and through that portion
      of the Easement Property as more particularly described in Exhibit “D”7 attached hereto and incorporated herein by this reference (hereinafter referred to as the “Drainage
      Easement Parcel”), subject to the terms and conditions set forth herein, in favor of the Grantee, and its contractors, subcontractors, agents, employees, licensees, successors and assigns, for the purposes of constructing, installing, maintaining,
      operating, using, restoring, replacing, altering, repairing and removing (but not enlarging, expanding or relocating) the storm water drainage facilities comprising part of the Improvements (hereinafter referred to as the “Drainage Facilities”) and
      for ingress, egress and access on, in, over, under, and through the Easement Property for the purpose of performing such construction, installation, maintenance, use, operation, restoration, replacement, alteration, removal and repair of the
      Improvements (hereinafter referred to as the “Drainage Easement”).

  

  

  4.          Temporary Construction Easement. The Grantor hereby grants, conveys, dedicates and establishes a temporary construction easement over, upon, across and through the
      property described in Exhibit “E”, attached hereto and incorporated herein by this reference (hereinafter referred to as the “Temporary Easement Parcel”), subject to the terms and conditions set forth herein, in favor of the Grantee, and its
      contractors, subcontractors, agents, employees, licensees, successors and assigns, for the purposes of constructing and installing the Improvements (hereinafter referred to as the “Temporary Construction Easement”). The Aerial Railroad Bridge
      Easement, the Railroad Bridge Support Structure Easement, the Drainage Easement and the Temporary Construction Easement are hereinafter sometimes individually referred to as an “Easement” and collectively referred to as the “Easements,” and the
      Aerial Railroad Bridge Easement Parcel, the Railroad Bridge Support Structure Easement Parcel, the Drainage Easement Parcel and the Temporary Easement Parcel are hereinafter sometimes collectively referred to as the “Easement Parcels”.

  

  

  5.          Term.  The term of the Easements shall commence upon the Effective Date and each shall be a perpetual easement, unless terminated by the parties or terminated
      pursuant to Section 6 hereof, except that the Temporary Construction Easement shall terminate upon of the completion of the Improvements.

  

  

  6.          Termination.  Should the use for an Easement be abandoned or cease for three (3) consecutive years; then upon written notice of termination by the Grantor, all
      rights hereby granted to the Grantee shall terminate as to the portion of the Easement abandoned and the Grantee shall forthwith, at its own cost and expense and in a manner reasonably satisfactory to the Grantor, remove the Improvements with respect
      to such abandoned portion of the Easement and restore such portion of the Easement Property to the condition previously found as of the date hereof or as otherwise approved by the Grantor. In the event that the Grantee fails or refuses to so remove
      such Improvements after such written notice, then the Grantor may, at its option, remove or cause to be removed such Improvements and restore the affected portion of the Easement Property to the condition previously found as of the date hereof, and
      the Grantee will, in such event, upon bill rendered, pay to the Grantor all costs incurred by it in such removal and restoration. If such costs
      are not paid within thirty (30) days of when due, the Grantor may impose all such costs and expenses on the immediately abutting property of the Grantee as a special assessment lien and may foreclose such county special assessment liens as provided
      by the laws of the State of Florida and of Brevard County. Such rights of the Grantor are in addition to, and exclusive of, any other rights set forth herein or under the law and shall survive the termination of this Easement Agreement.
      Notwithstanding anything in this Section 6 to the contrary, the Temporary Construction Easement shall terminate upon of the completion of the construction of the Improvements.

  
    3

    
      

    

  

  7.          Use.  The Easement Parcels shall be used solely in connection with the operation of passenger railway service (and not freight train service) and otherwise for the
      purposes authorized and provided for in this Agreement. In no event shall the Grantee’s use of the Easements unreasonably interfere with the Grantor’s operation and use of the Easement Property for Roadway Purposes, or impair or impede vehicular or
      pedestrian traffic on the Easement Property in any manner, unless prior arrangements have been made in writing between the parties which agreement may be withheld or granted in the Grantor’s sole discretion. The Easements shall not be used in any
      manner to adversely affect the use, safety, appearance, or enjoyment of the Easement Property for Roadway Purposes. Two-way roadway traffic shall be maintained at all times unless traffic alteration is approved pursuant to a permit issued by the
      Grantor. Throughout the term of this Easement Agreement, the Grantee shall be liable to the Grantor for the maintenance and other obligations set forth herein. The Improvements shall be owned by the Grantee, subject to the terms set forth herein.

  

  

  8.          Obligations.

  

  

  i.                Taxes and Governmental Fees. The Grantee shall be responsible for all federal, state, county, city, and local taxes, assessments, fees,
      charges, levies and other governmental impositions that may be assessed against the Easement Parcels during the term of this Easement Agreement, including the airspace and Improvements, and including real property taxes, impact fees, storm water
      fees, utility fees, zoning and building fees, special assessments, if any.

  

  

  
    ii.               Repairs and Damage.
      The Grantee shall pay for any and all repairs or damage to the Easement Property as a result of the use, construction, repair and maintenance of the Improvements. The Grantor shall not be responsible for any cost, claim, charge, fee, liability or
      lien resulting from the use of the Easements.

    

    

    iii.              Hazardous Materials. From and after the Effective Date of this Easement Agreement, Grantee is responsible for any hazardous materials found in the Easement
        Parcels in violation of applicable laws and regulations to the extent any such hazardous materials are caused by the Grantee. In the event that such hazardous materials are found in violation of applicable law, the burden of proving that such
        hazardous materials are caused by the Grantor or a third party shall be upon the Grantee. The Grantor reserves the right to test the Easement Parcels at its own expense for hazardous materials at any time, upon written notice to the Grantee. The
        term “hazardous materials” shall mean any hazardous or toxic substances, material, waste, solid waste or debris of any kind, as defined by the Environmental Protection Agency and any federal, state, or local laws. The Grantee shall, at the
        Grantee’s sole cost and expense, promptly and diligently complete any and all audits, assessments, clean-ups and monitoring of the Easement Parcels required by provisions of this section.

    
      4

      
        

      

    

    iv.              Maintenance. Except as specifically set forth otherwise in this Easement Agreement, the Grantee shall be responsible to maintain, repair and replace the
        Improvements, and to maintain and keep in a clean and safe condition the Improvements, free of dirt, rubbish, graffiti, debris, abandoned vehicles, loose building materials, loose surface finishes, and obstructions. Such maintenance will be
        accomplished in a manner so as not to cause any interference with the operation of the Easement Property for Roadway Purposes, the free flow of pedestrian and vehicular traffic thereon and other related purposes, unless prior arrangements have been
        made in writing between the parties, which agreement may be granted or withheld in the reasonable discretion of the Grantor. Any repair shall be at least similar or equal in quality and class to the original work. The Grantor has the right, but not
        the obligation, to enter upon the Easement Property to inspect the condition of same. In the event that Grantee fails to so maintain or repair the Improvements, the Grantor shall provide notice of such failure to the Grantee, and if the Grantee
        fails to cure such maintenance or repair issue within a reasonable period of time (such time frame to be determined in the Grantor’s discretion), then the Grantor, through its duly authorized representatives, employees and contractors, has the
        right but not the obligation to perform such work, and the cost thereof shall be chargeable to the Grantee and shall immediately be due and payable to the Grantor upon the performance of such work and the Grantee’s receipt of an invoice therefor.

  

  
    

    

    v.               Security. The Grantee is solely responsible for the personal safety of its employees, invitees or any other person entering the Easement Property, as well as any
        equipment or personalty installed or brought into the Easement Property. The Grantor assumes no responsibility for the safety of such persons, equipment or personalty.

    

    

    vi.              Utilities. Any and all costs relating to utilities, including utility relocation costs, shall be borne by and shall be the sole responsibility of the Grantee.

  

  

  

  To the extent that the Grantee has outstanding obligations under this Section 8 which accrued prior to the
    termination of this Easement Agreement, the provisions of Section 8, as applicable, survive the termination of this Easement Agreement.

  
    5

    
      

    

  

  9.          Indemnification. The Grantee shall indemnify and hold harmless and defend the Grantor and its officers, employees, agents and instrumentalities from any and all
      liabilities, losses or damages, including attorneys’ fees and costs of defense, which the Grantor or its officers, employees, agents or instrumentalities may incur as a result of claims, actions, debts, remedies, demands, suits, causes of actions or
      proceedings of any kind or nature to the extent arising out of or resulting from the use and operation of the Easements by the Grantee or its employees, agents, servants, partners, principals or subcontractors, and shall investigate and defend all
      claims, suits or actions of any kind or nature in the name of the Grantor, where applicable, including appellate proceedings, and shall pay all reasonable costs, judgments, and attorney’s fees which may issue thereon. The Grantee expressly
      understands and agrees that any insurance protection required by the Easements or otherwise provided by the Grantee shall in no way limit the responsibility to indemnify, keep and save harmless and defend the Grantor or its officers, employees,
      agents and instrumentalities as herein provided. It is understood that the Grantor assumes no responsibility for the personal safety of any persons, equipment or personal property brought into or installed upon the Easement Parcels, including any
      loss, theft, damage, or injury. The Grantee shall promptly notify the Grantor of any loss, damage, injury or death arising out of or in connection with the Easements or occurring on the Easement Parcels. This obligation survives the termination and
      expiration of this Easement Agreement. The parties acknowledge specific consideration has been exchanged for this provision.

  

  

  10.          Insurance. At all times during the term of this Easement Agreement, the Grantee shall, at its expense, obtain and maintain insurance coverage in accordance with the Insurance Requirements set forth in Exhibit “E”, attached hereto
      and incorporated herein by reference, with responsible companies who are acceptable to the Grantor and licensed and authorized under the laws of the State of Florida. In addition, the Grantee shall cause its contractors performing construction work
      or installing improvements within any of the Easement Areas to obtain and maintain Railroad Protective Liability Insurance with the coverage limits specified in Exhibit “E”. The Grantee shall furnish to the Grantor Certificate(s) of Insurance which
      indicate that insurance coverage has been obtained in accordance with, the Insurance Requirements set forth in Exhibit “E”. Such Certificate(s) of Insurance must identify the certificate holder as Brevard County, Florida, 2725 Judge Fran Jamieson
      Parkway, Bldg. C, Attn.:____________, _____________, Viera, Florida 32940. The Grantor shall be notified in writing of any reduction, cancellation
      or substantial change of policy or policies at least thirty (30) days prior to the effective date of said action. Compliance with the foregoing requirements shall not relieve the Grantee of liability and obligation under this Section or under any
      other Section of this Easement Agreement.

  

  

  11.          Grantee’s Right to Transfer. Any sale, assignment or transfer of the Grantee’s interest in the Easements shall be made expressly subject to the terms, covenants and conditions of this Easement Agreement, and any such transferee
      shall expressly assume all of the obligations of the Grantee under this Easement Agreement, and agree to be subject to all conditions and restrictions to which the Grantee is subject. Without limiting the generality of the preceding sentence, any
      such transferee shall have the right to utilize the easements granted hereunder only in connection with the operation of passenger railway service (and not freight train service). In the event of a transfer of the Grantee’s interests in the Easement
      and/or the Drainage Easement, or any part thereof, the Grantee shall deliver written notice to the Grantor of such transfer, together with a copy of the transfer agreement (if applicable). Upon any such transfer by the Grantee, the Grantee shall be
      released from future obligations which may occur during the unexpired term of the Easement and/or the Drainage Easement, as applicable. However, nothing in this Easement Agreement shall abrogate the Grantee’s obligation to pay any sums due to the
      Grantor which accrued prior to the effective date of such transfer, or obligations or liabilities occurring prior to the date of transfer, and the Grantor shall always have the right to enforce collection of such sums due and to enforce obligations
      from the Grantee which accrued prior to the transfer and in accordance with the terms of this Easement Agreement unless written consent is obtained from the Grantor.

  
    6

    
      

    

  

  12.          Representations and Warranties. Grantee hereby represents and warrants to the Grantor that (i) it has full power and authority to enter into this Easement Agreement
      and perform in accordance with its terms and provisions, and (ii) that the parties signing this Easement Agreement on behalf of the Grantee have the authority to bind the Grantee and to enter into this transaction, and (iii) that the Grantee has
      taken all requisite action and steps to legally authorize this transaction to execute, deliver and perform pursuant to this Easement Agreement. The Grantor neither warrants title to the property conveyed herein for the limited purposes stated herein,
      which is in AS IS condition, nor guarantees the suitability of any of the lands for a particular use.

  

  

  13.          Binding Effect. All terms and provisions of this Easement Agreement are binding upon the parties hereto and their respective successors and assigns. Further, all
      terms and provisions of this Easement Agreement and all rights, privileges, benefits and burdens created hereunder are covenants running with the lands described herein, binding upon and inuring to the benefit of the parties hereto, their respective
      heirs, successors, successors-in-title, legal representatives and assigns.

  

  

  14.          Construction of Easement. Each party hereto hereby acknowledges that all parties hereto participated equally in the drafting of this Easement Agreement and that,
      accordingly, no court construing this Easement Agreement shall construe it more stringently against one party than the other.

  

  

  15.          Governing Law/Venue. This Easement Agreement shall be governed by and construed under the laws of the State of Florida. Venue for any action arising out of this
      Easement Agreement shall be Brevard County, Florida.

  

  

  16.          Compliance with Permits. Laws and Regulations. Grantee shall be responsible for securing all permits, consents and approvals, and complying with all applicable law,
      regulations, codes and rules in installing, constructing and completing the improvement including, without limitation, compliance with the Americans with Disabilities Act, Florida Statutes, the Florida Building. Code, and the Brevard County Code of
      Ordinances, all as applicable.

  

  

  17.          Notices. Any notices which may be permitted or required hereunder shall be in writing and shall be deemed to have been duly given as of the date and time the same
      are received at the addressee’s address set forth below, whether same are personally delivered, mailed by United States Postal Service, postage prepaid by registered or certified mail, return receipt requested, delivered by Federal Express or other
      overnight delivery service from which a receipt may be obtained, and addressed as follows:

  

  

  
    	
            To the Grantor:

          	
            Brevard County, Florida

          
	
            2725 Judge Fran Jamieson Way, Bldg. C

          
	
            Viera, Florida 32940

          
	 	
            Attn: 

          	 County Manager

  

  
    
      7

      
        

      

    

  

  
    	
            To Grantee:

          	
            All Aboard Florida - Operations, LLC

          
	
            2855 LeJeune Road, 4th Floor

          
	
            Coral Gables, Florida 33134

          
	
            Attention: Kolleen O. P. Cobb

          

  

  
    

    

    or to such other address as either party hereto shall from time to time designate to the other party by notice in writing as herein provided. Should the
      Easement and/or the Drainage Easement, or a portion thereof, be sold or transferred, on the date of the closing, Grantee shall identify the party and address to which such notice shall be provided in the future, and shall record same in the public
      records.

    

    

  

  18.          Waiver. No delay in exercising any right or remedy shall constitute a waiver thereof, and no waiver of the breach of any provision of this Easement Agreement shall
      be construed as a waiver of any preceding or succeeding breach of the same or any other provision of this Easement Agreement.

  

  

  19.           Successors and Assigns. The Easements shall each run with the land and shall be binding upon and shall inure to the benefit of the parties hereto, and their respective successors and assigns.

  

  

  20.          Recording. This Easement Agreement shall be recorded in the Public Records of Brevard County, Florida, at the sole cost of the Grantee. A copy of the recorded
      instrument shall be provided to the Director of Public Works of Brevard County within thirty (30) days after the date of recording.

  

  

  21.          Amendments: Termination. Subject to the other provisions hereof, this Easement Agreement may not be amended, modified or terminated except by written agreement of
      the Grantor and the Grantee. Further, no modification or amendment shall be effective unless in writing, duly executed, acknowledged and recorded in the Public Records of Brevard County, Florida.

  

  

  22.          Waiver.
      The failure or delay of any party at any time to require performance by another party of any provision of this Easement Agreement, even if known, shall not affect the rights of such party to require performance of that provision or to exercise any
      right, power or remedy hereunder, and any waiver by any party of any breach of any provision of this Easement Agreement should not be construed as a waiver of the provision itself, or a waiver of any right, power or remedy under this Easement
      Agreement. No notice to or demand on any party in any case shall, of itself, entitle such party to any other or further notice or demand in similar or other circumstances.

  

  

  23.          Consents. Whenever in this Easement Agreement the consent or approval of the Granter is required, such consent or approval, shall be made (so long as the Grantor is
      the Brevard County) by the County Manager or its designee on behalf of the Grantor and: (a) shall not be effective unless it is in writing; and (b) shall apply only to the specific act or transaction so approved or consented to and shall not relieve
      the Grantee of the obligation of obtaining the Grantor’s prior written consent or approval to any future similar act or transaction.

  
    8

    
      

    

  

  24.          Grantor’s Rights as Sovereign. It is expressly understood that, notwithstanding any provision of this Easement Agreement and the Grantor’s sovereign status
      hereunder (if applicable): (a) the Grantor retains all of its sovereign prerogatives and rights as a county under Florida laws and shall not be estopped from withholding or refusing to issue any approvals of and applications for building, zoning,
      planning or development under present or future laws and regulations of whatever nature applicable to the design, construction and development of the improvements provided for herein, and (b) the Grantor is not obligated to grant any applications for
      building, zoning, planning or development under present or future laws and regulations of whatever nature.

  

  

  25.          Severability. If any provision of this Easement Agreement or the application thereof to any person or circumstance shall, for any reason and to any extent, be
      invalid or unenforceable, the remainder of this Easement Agreement and the application of such provision to other persons or circumstances shall not be affected thereby but rather shall be enforced to the greatest extent permitted by law.

  

  

  [Remainder of Page Intentionally Left Blank]

  
    9

    
      

    

  

  IN WITNESS WHEREOF, the Grantor has caused this Easement Agreement to be executed in its name by the Chairperson of
    the Board of County Commissioners, as authorized by the Brevard County Board of County Commissioners, and the Grantee has caused this Easement Agreement to be executed by its duly authorized representative, all as of the Effective Date.

  

  

  
    	 	 	
            GRANTOR:

          
	 	 	 
	
            Signed, sealed and delivered presence of:

          	 	
            BREVARD COUNTY, FLORIDA, a in the political subdivision of the State of Florida

          
	
            /s/ Jennifer Valliere

          	 	 
	
            Print name: 

          	 Jennifer Valliere	
                By:

          	
            /s/ Curt Smith

          
	 	
                Name:

          	
            Curt Smith

          
	
                Title:

          	
            Chairman

          
	
            /s/ Eden Bentley

          	 	 
	
            Print name: 

          	 Eden Bentley	 	 

  

  
    

    

    STATE OF FLORIDA

    

    

    COUNTY OF BREVARD

    

    

  

  The foregoing instrument was acknowledged before me this 31st day of January, 2017, by Curt Smith, as Chairman, of BREVARD COUNTY, FLORIDA, a political subdivision of the State of Florida, on behalf of Brevard County. Said person is (check one) ☒ (personally known to me, ☐
    produced a driver’s license (issued by a state of the United States within the last five (5) years) as identification, or ☐ produced other identification, to wit:____________________

  

  

  
    	 	 	
            /s/ Eden Bentley

          
	
            NOTARY PUBLIC

          	
            EDEN BENTLEY

            MY COMMISSION # FF 088814

            expires: February 3, 2018

            Bonded Thru Notary Public Underwriters

          	
            Print Name:

          
	
            STATE OF FLORIDA

          	
            Notary Public, State of____________

          
	 	
            Commission No.:

          

  

  
    

    

    [ILLEGIBLE]

    

    

    My Commission Expires: ___________

    Attested to by: /s/ Scott Ellis________

    Scott Ellis, Clerk

    
      10

      
        

      

    

  

  
    	 	
            ALL ABOARD FLORIDA - OPERATIONS, LLC, a Delaware limited liability company

          
	
            /s/ Brenda Johnson

          	 
	
            Print Name: 

          	Brenda Johnson	
                By:

          	 /s/ Kolleen Cobb
	 	
                Name: 

          	 Kolleen Cobb
	 	
                Title: 

          	 Vice President
	
            /s/ Jessica Perez

          	 
	
            Print Name: 

          	 Jessica Perez	 

  

  
    

    

    STATE OF FLORIDA

    

    

    COUNTY OF MIAMI-DADE

    

    

  

  The foregoing instrument was acknowledged before me this 27th day of January 2017, by Kolleen Cobb, as Vice President, of ALL ABOARD FLORIDA – OPERATIONS, LLC, a Florida limited
    liability company, on behalf of the company. Said person is (check one) ☒personally known to me, □ produced a driver’s license (issued by a state of the United States within the last five (5) years) as identification, or ☐produced other identification,
    to wit:
        _______________________.

  

  

  
    	 	 	
            /s/ Jessica Perez

          
	
            NOTARY PUBLIC

          	
            
              JESSICA PEREZ

              MY COMMISSION # FF 987575

              EXPIRES: October 23, 2017

              Bonded Thru Notary Public Underwriters

            

          	
            Print Name:

          
	
            STATE OF FLORIDA

          	
            Notary Public, State of ________

          
	 	
            Commission No:

          

  

  
    

    

    My Commission Expires: ____________

     

     

    11

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