Loading...
03/18/2015 AgreementAMY NEAVILIN, CPA CLERK OF CIRCUR COURT 8 CONIP'iROLLER MoNaaE COUNTY, FLORIDA DATE: March 25, 2015 TO: Roman Gastesi County Administrator ATTN. Connie Cyr FROM. • Lindsey Ballard, D. C R At the March 18, 2015 Board of County Commissioner's meeting the Board granted approval and authorized execution of Item C13 Landlord Estoppel Certificate and Agreement. Securing the financial interest of 2J's Properties for construction of an aircraft hangar at Marathon. Enclosed is a duplicate original of the above - mentioned for your handling. Should you have any questions, please feel free to contact my office. cc: County Attorney Finance File ✓ � SCANNED 500 Whitehead Street Suite 101, PO Box 1980, Key West FL 33040 Phone: 305 - 295 -3130 Fax: 305 - 295 -3663 3117 Overseas Highway, Marathon, FL 33050 Phone: 305- 289 -6027 Fax. 305 - 289 -6025 88820 Overseas Highway, Plantation Key, FL 33070 Phone: 852 -7145 Fax. 305- 852 -7146 EXHIBIT C LANDLORD ESTOPPEL CERTIFICATE AND AGREEMENT The following terms as used in this estoppel certificate and agreement ( "Certificate ") have the following meanings: Landlord: Monroe County, Florida Prime Tenant: South Shore Aviation Associates, LLC Sublessee: Marathon Aviation Associates, LLC 2 J's: 2 J's Properties, LLC Prime Lease: Marathon Fixed Base Operator (FBO) Agreement effective April 6, 1998 between Landlord and Prime Tenant and subsequent amendments Sublease: Sublease dated January 1, 2012 (as extended and amended) between Prime Tenant and Sublessee with Consent to Assignment dated January 16, 2014 Sub - Sublease: Lease and Sublease dated November 10, 2014 between Sublessee and 2 J's. Leased Premises: A portion of Exhibit A attached to Prime Lease. Subleased Premises: See Exhibit B and B1 to Sub - Sublease Agreement. Landlord hereby consents, agrees, warrants, represents and certifies to 2 J's, and its successors and assigns, as follows: 1. Landlord consents to the Sublease and Sub - Sublease. 2. Landlord certifies that Sublessee is the tenant under the Prime Lease. 3. Landlord recognizes and acknowledges that upon construction of the Hangar by Sublessee, Sublessee shall own the Hangar. Sublessee acknowledges, pursuant to the Lease Amendment dated April 15, 2009, ownership of the Hangar transfers to Landlord upon termination of the Prime Lease. Landlord recognizes and acknowledges that the land upon which the Hangar exists shall be leased/subleased /sub - subleased to 2 J's by virtue of the Sub - Sublease. 4. Landlord agrees not to enter into an agreement with Prime Tenant (its successors and /or assigns) to terminate the Prime Lease, except that Landlord may terminate the Prime Lease in accordance with the terms thereof following a material default under the Prime Lease by Prime Tenant provided that (a) Landlord has given Sublessee and 2 J's written notice of such default and an opportunity to cure the same pursuant to Section 6 hereof. 5. Landlord certifies that (i) the Prime Lease is in full force and effect, (ii) the Prime Lease has not been terminated, (iii) the Prime Lease has not been assigned, modified or amended except as referred to above, (iv) no default has occurred under the Prime Lease (nor are there any conditions which the passage of time or giving of notice, or both, would become a default under the Prime Lease). 6. Landlord agrees to provide Sublessee and 2 J's with written notice of any default by Prime Tenant under the Prime Lease and an opportunity within a reasonable amount of time to cure such default. 7. Landlord acknowledges that, upon the earlier of, the FBO informing the county that the hangar is substantially complete or that the FBO has assumed occupancy, the parties will enter into a written lease extension extending the lease until April 5, 2041. Landlord acknowledges that Landlord's address for notices is: Monroe County, 1100 Simonton Street, Key West, FL 33040. 9. This Certificate shall run with the Leased Premises, and bind the successors, assigns and grantees of Landlord. 10. This Certificate may be recorded in the real property records. 11. 2 J's may rely on this Certificate. (The remainder of this page is intentionally left blank.) xecuted this /° day of ' 2015. HEAVILIN i Deputy Clerk BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By: 1 Name: y 401hage Title: Mayor V SUB - SUBLEASE AGREEMENT . - , This is a Sub - Sublease Agreement ( "Sublease ") between MARATHON AVIATION ASSOCIATES, LLC, a Florida limited liability company located at 9850 Overseas Highway, Marathon, FL 33050 ( "Landlord ") and 2 J'S PROPERTIES, LLC., a Florida limited liability company.. located at 71 Harkrider Street, 2 nd Floor, Conway, AR 72032 ( "Tenant ") dated as of the day of 1 O ✓flies , 2014. In consideration of the rents to be paid hereunder, the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby covenant and agree as follows: Demise of Hangar /Landlord Representations/Contingencies. A. Landlord does hereby covenant, represent and warrant to Tenant as follows: (i) Landlord entered into a Sublease Agreement effective Januay 1, 2012, with Coast FBO, LLC, a Florida limited liability company. The said subleased Coast FBO, LLC's, rights under the "Prime Lease" which is defined as the original 20 -year lease agreement entitled "Marathon Fixed Base Operator (FBO) Agreement" dated and effective on April 6, 1998, and as further described in the recitals of said Sublease Agreement, a copy of which is attached as Exhibit "A ". The Sublease has been extended and amended in various instruments, the most recent on April 16, 2014. (ii) Monroe County is the sole owner, in fee simple, of the Property, (iii) the Property is part of the Florida Keys Marathon airport serving Monroe County ( "Airport") and the Hangar (as hereinafter defined) is located on the Property, (iv) all Access Rights (as hereinafter defined) are and shall be available to Tenant throughout the Initial Term (as hereinafter defined), (v) the Underlying Lease is now in full force and effect, has a term which expires April 5, 2031, and, other than has previously stated in (i) above, has not been modified or amended, and neither Monroe County, Landlord, or South Shore is in default thereunder, (vi) Landlord shall not take any action to terminate or to modify (or to cause to be terminated or modified) the Underlying Lease or the New Sublease after the execution thereof, (xii) there are no mortgages encumbering all or any portion of the fee, leasehold or subleasehold estates of the Property that encumber the Hangar, but if there are or will be (or if Landlord grants any mortgage in connection with its acquisition of the Hangar) Landlord shall ensure that the holders of any such mortgages will consent to this e P Sublease, and will provide Tenant with a subordination, non - disturbance and attornment agreements reasonably acceptable to Tenant ( "Consent and SNDA "), (xiii) the height of the Hangar, as renovated and modified pursuant hereto, shall not exceed the applicable regulations or requirements, including those of the Federal Aviation Administration, and (ix) Tenant may have access to the Hangar upon the date of full execution hereof (x) neither South Shore's nor Monroe County's consent is necessary for the Plans (as hereinafter defined). B. Tenant hereby agrees to construct an aircraft hangar containing approximately 7,000 square feet ( "Hangar "), a 22 foot door height and a minimum wingspan of 60 feet, at Tenant's sole expense, on the portion of the Property described on the second page of attached Exhibit B and shown on attached Exhibit B 1 and located at 9850 Overseas Highway, Marathon, Florida. Completion, renovation and modification of the Hangar shall be evidenced by issuance of the Certificate of Occupancy (as hereinafter defined). Tenant's obligations hereunder are contingent upon the satisfaction or waiver by Tenant in writing of the following contingencies (collectively "Contingencies "): (i) Tenant shall have received a building permit for the renovation and modification of the Hangar pursuant to the Plans, (ii) Tenant shall have received written approval of the Plans from Landlord (and from South Shore and Monroe County if required under the Underlying Lease and/or Sublease), (iii) Tenant shall have received from Landlord the executed Landlord Estoppel Certificate (as hereinafter defined and attached as Exhibit C) and the executed Sublandlord Estoppel Certificate (as hereinafter defined and attached as Exhibit D). Landlord shall cooperate with Tenant in connection with Tenant's applications for necessary permits, such as a building permit, including execution of forms and applications if necessary. C. Landlord hereby sub - subleases the land directly upon which the Hangar is to be located to Tenant in accordance with the terms and provisions hereof, together with the right of pedestrian and vehicular access to the Hangar and the Airport's terminal from Overseas Highway /U.S. Highway No. 1 and together with the right of aircraft access to the Airport and the Airport's terminal, fuel depots, driveways, aprons, access roads, taxiways and runways (collectively "Access Rights ") subject to any and all restrictions provided in the Underlying Lease regarding the same. Tenant shall provide Landlord with a complete set of the Plans following the date of this Sublease. Tenant may terminate this Sublease on written notice to Landlord if (i) for any reason the Airport is not being operated for a period of one (1) month and (ii) Underlying Lease and/or the New Sublease expire or are terminated or (iii) Tenant shall not have received the certificate of occupancy evidencing completion of the Hangar in accordance with the terms hereof provided Tenant is in compliance with the terms of the Plans ( "Certificate of Occupancy "). 2. Term. -2- F The term of this Sublease ( "Initial Term ") shall expire twenty (20) years from the issuance of the Certificate of Occupancy for the Hangar upon completion. In the event that Monroe County extends the underlying lease, Landlord shall offer an extension to Tenant at market rate and consistent with the lease terms governing the primary ground lease and applicable lease terms with the County. 3. Rent A. Rent shall be $.41 per square foot per year (Landlord's ramp cost) paid to Landlord on the execution of this Sub - Sublease and on each anniversary date . There shall be a monthly maintenance fee of $750.00 per month. The rent and the maintenance fee are subject to an annual CPI escalator equal to the CPI charged by the County to the Landlord and any other property rent adjustments contemplated in the primary lease. If Tenant subleases space to transient aircraft, Tenant shall set the pricing and other parameters and Landlord shall retain 33% of the hangar rental fee to offset ramp revenue loss. For reference, Landlord shall supply the current pricing in effect to other transient hangar space in the airport. B. The Tenant is responsible for Hangar insurance for the asset/rebuild value for fire, windstorm, and other perils. The Landlord shall provide liability insurance as an extension to the Landlord's existing ramp and hangar insurance policy of $2 million per incident with the Tenant as Named Insured. Additional insurance will be the responsibility of Tenant at Tenant's discretion. 4. Use of Hangar Tenant may use and occupy the Hangar solely for the purposes of storing, maintaining, repairing, cleaning and operating aircraft, and all other uses ancillary and incidental thereto, in accordance with Section 17 hereof, unless and until the parties mutually agree in writing to permit otherwise. 5. Utility Expenses Tenant shall install separate utility meters at the Hangar, and shall ensure that all utilities (including water, electricity, telephone, Internet and cable) and trash removal are available at the Hangar. Tenant agrees to pay all utility charges applicable to the Hangar. 6. Underl non Lease A. Landlord shall be liable to Tenant for all damages incurred by Tenant in the event that the Underlying Lease and/or the New Sublease terminates or expires due to Landlord's acts or omissions. B. As a condition of Tenant's obligations hereunder, Landlord shall obtain from Monroe County and shall furnish Tenant an estoppel certificate and agreement in the form attached hereto as Exhibit C or as otherwise agreed to by Tenant and Monroe County ( "Landlord Estoppel Certificate "). C. Landlord shall obtain consents and non - disturbance agreements from the holders of any and all leasehold mortgages /deeds of trust encumbering any and all leasehold and -3- subleasehold interests in the Hangar and land upon which the Hangar is to be located, including the Consent and SNDA. D. All references herein to Monroe County shall be deemed to include all successors, assigns and grantees of Monroe County. 7. Repairs and Maintenance A. Tenant shall be responsible for all repairs and maintenance of the Hangar made after the construction by Tenant. Tenant shall be responsible to repair (at Tenant's sole expense) any and all design, construction, renovation and/or modification defects respecting the Hangar, including but not limited to all structural components thereof such as the roof, walls, ceilings, floors, doors and foundation, as well as all mechanical systems such as the heating, ventilating, air conditioning, plumbing, electrical, drainage and security systems. Insofar as the claims, actions, causes of action, litigation, proceedings, costs or expenses relate to faulty construction by the Tenant, this Section will survive the expiration of the term of this Sublease. In no event shall Monroe County or Landlord be responsible for any costs of repair necessitated by Tenant's faulty construction. Tenant does hereby covenant to keep the Hangar in clean and sanitary condition and will comply with all Laws and directions of proper public officers in connection with Tenant's business operations at the Hangar, and will yield up the Hangar at the end of the Lease. Ownership of the hangar shall pass to Landlord at Lease expiration. B. Inspection and Maintenance of the Hangar by Monroe County. Monroe County and its authorized officers, employees, agents, contractors, subcontractors and other representatives shall have the right to enter upon the Hangar to perform essential maintenance, repair, relocation, or removal of existing underground and overhead wires, pipes, drains, cables and conduits now located on or across the Hangar, and to construct, maintain, repair, relocate, and remove such facilities in the future as necessary to carry out the Master Plan of development of the Airport; provided, however, that said work shall in no event unduly interfere with the operations of Tenant and shall, provided further, that the entire cost of such work, including but not limited to the cost of rebuilding, removing, relocating, protection or otherwise modifying any fixed improvements at any time erected or installed in or upon the Hangar by Tenant, Monroe County or third parties, as a result of the exercise by Monroe County of its rights hereunder, and all damage to such fixed improvements causes thereby, shall be borne by Monroe County. 8. Alterations by Tenant Landlord agrees that Tenant may make, at its own expense, any minor nonstructural alterations, repairs, replacements or additions to the Hangar, provided: A. Any such alterations, repairs, replacements or additions shall not lessen the value of the Hangar; and, B. Tenant shall perform such alterations, repairs, replacements or additions, in accordance with all Laws and orders of all public or quasi - public authorities having jurisdiction thereof and in accordance with the rules and regulations of the local board of Fire Insurance Underwriters; and, -4- C. The Hangar shall at all times be kept free and clear of all mechanic's, materialmen's, labor or other liens or claims of liens, and if any lien shall be filed against the Hangar, then the Tenant shall cause the same to be discharged; and D. At all reasonable times during the progress of such construction work Landlord, or persons authorized by Landlord, shall have the right to go upon the Hangar for the purpose of inspecting any construction work then in progress. E. Tenant covenants and agrees with Landlord that Tenant shall not make any material additions or alterations or structural changes in or about the Hangar, without first submitting plans and specifications thereof to Landlord, and obtaining the written approval of Landlord, which approval shall not be unreasonably withheld, conditioned or delayed. Upon obtaining such written approval, Tenant may make such additions or alterations at Tenant's sole cost and expense and subject to the obligations of sub - paragraphs (A) -(D) above, inclusive, and providing that such additions or alterations do not damage the Hangar or endanger its support or stability. Such additions, alterations or improvements (except trade fixtures) put in at the expense of Tenant, as aforesaid, shall be and become a part of the Hangar at the termination of this Sublease, and therefore the property of Landlord. Tenant shall have the right to remove Tenant's trade fixtures provided the walls, floors and ceilings are restored to a condition similar to the condition existing on the date of commencement of the Initial Term. 9. Signs, Awnings and Canopies Tenant shall not place or maintain any sign, awning or canopy in, upon or outside the Hangar without first obtaining Landlord's written consent in each instance, which consent shall not unreasonably be withheld, conditioned or delayed and, if required under the Underlying Lease, the consent of Monroe County. Tenant shall maintain any such signs or other installation, as may be approved, in good condition and repair. 10. Taking and Damages /Casualty A. In the event that a part of the Hangar is taken by reason of the exercise of the right of eminent domain by any public or quasi - public authority, or be conveyed in settlement of threatened eminent domain proceedings (both of which are referred to as a "Taking "), there shall be an equitable abatement of Base Rent and all other sums due hereunder. Such equitable abatement shall result in the decrease of Base Rent and other sums payable by the percentage decrease in the square footage of the Hangar resulting from the Taking. If the Taking involves the entire Hangar, or such a substantial and material portion of the Hangar as will reasonably preclude Tenant from operating Tenant's business at the Hangar, then this Sublease shall automatically terminate as of the date the condemning authority acquires possession of the Hangar. Tenant may terminate this Sublease if any Taking materially affects Tenant's parking or its Access Rights, unless Landlord provides uninterrupted alternate parking and Access Rights reasonably acceptable to Tenant. Tenant may recover from the condemning authority moving expenses, business damages, loss of trade fixtures and the Hanger itself and the value of the unexpired Initial Term and renewal terms, if applicable. All other damages are reserved to Landlord. B. If approximately fifty percent (50 %) or less of the Hangar is damaged or destroyed by fire, wind, flood or other cause, then Tenant shall with all due diligence repair and restore the Hangar. -5- 11. Default by Tenant/Remedies A. The following events shall be deemed to be events of default by Tenant under this Sublease: (i) if Tenant shall fail to pay within five (5) days following receipt by Tenant of written notice that any such payment is past due; (ii) if Tenant shall fail to pay any other sum other than rent within five (5) days following receipt by Tenant of written notice that any such payment is past due; (iii) if Tenant shall fail to comply within a reasonable time (but not longer than thirty (30) days from receiving written notice from Landlord) of such failure with any other term, provision, condition or covenant of this Sublease; provided, however, that Tenant shall not be in default if the cure cannot be completed within thirty (30) days so long as Tenant commences the cure within such 30 -day period and thereafter diligently completes the cure; (iv) if Tenant shall desert, abandon or vacate the Hangar for a consecutive period of sixty (60) days; (v) if any petition shall be filed by or against Tenant under this Sublease under any section or chapter of the present or any future Federal Bankruptcy Code or under any similar law or statute of the United States or any state thereof (and if against Tenant such petition is not discharged in sixty (60) days), or Tenant shall be adjudged bankrupt or insolvent in proceedings file under any section or chapter of the present or any future Federal Bankruptcy Code or under any similar law or statute of the United States or any state thereof, (vi) if Tenant shall become insolvent or make a transfer in fraud of creditors; (vii) if Tenant shall make an assignment for the benefit of creditors; or (viii) if a receiver or trustee shall be appointed for Tenant or any of the assets of Tenant. B. Upon occurrence of any event of default, ownership of the Hangar shall revert to Landlord and Landlord shall have the option to do any one or more of the following: (i) Terminate this Sublease, in which event Tenant shall immediately surrender the Hangar to Landlord, but if Tenant shall fail so to do, Landlord may enter upon and take possession of the Hangar and expel or remove Tenant and its effects without being liable to prosecution or any claim for damages therefore. (ii) Enter upon and take possession of the Hangar as the agent of Tenant without being liable to prosecution or any claim for damages therefor, and Landlord may relet the Hangar as the agent of Tenant and receive the rent thereof, in which event Tenant shall pay to Landlord on demand the reasonable cost of renovating, repairing and mom altering the Hangar for use by a new tenant as an aircraft hangar, and recover any deficiency that may arise by reason of such reletting; provided, however, that Landlord shall make a good faith effort to relet the Hangar in order to mitigate damages. (iii) Landlord may declare all of the Rent reserved hereunder immediately due and payable, except that this remedy of acceleration shall not apply if Tenant is delayed in making payment by virtue of a Force Majeure. A "Force Majeure" involves delays caused by acts of God (such as floods and hurricanes), fire or other casualty, strikes, labor disputes, riots, terrorism or government action. Notwithstanding the foregoing, in the event that Landlord receives any rent, additional rent or other sums from any third party applicable to the Initial Term and/or the Hangar (or any portion thereof), Landlord shall promptly credit all such rent, additional rent and other sums to the accelerated Base Rent paid by Tenant, and Landlord shall make immediate payment to Tenant on account thereof. This obligation of Landlord shall survive the expiration and/or termination of this Sublease. (iv) Landlord may perform Tenant's obligations under this Sublease, and may enter the Hangar without being liable to prosecution or any claim for damages therefor in order to accomplish this purpose. Tenant agrees to reimburse Landlord immediately upon demand for any reasonable expenses which Landlord may incur thus effecting compliance with this Sublease on behalf of Tenant, and Tenant further agrees that Landlord shall not be liable for any damages resulting to Tenant from such action. 12. Accord and Satisfaction No payment by Tenant or receipt by Landlord of a lesser amount than the Base Rent herein stipulated shall be deemed to be other than on account of the earliest stipulated Base Rent, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as rent deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord's rights to recover the balance of such Base Rent or pursue any other remedy in this Sublease provided. 13. Quiet Enjo3ent Landlord covenants that so long as Tenant pays the Base Rent and any other sums due under this Sublease, and performs its agreements hereunder, Tenant shall have the right to quietly enjoy and use the Hangar for the Initial Term and all renewal terms, if applicable, of this Sublease, subject to the provisions hereof. 14. Holding Over Any holding over after the expiration of the Initial Term or any Renewal Term shall be construed to be a tenancy -at -will at 150% of the Base Rent herein specified (prorated on a daily basis) and shall otherwise be on the terms herein specified so far as applicable. Acceptance of any Base Rent after a holdover begins shall not be deemed to renew this Sublease nor shall this provision be deemed a waiver of Landlord's right to terminate Tenant's tenancy or to pursue other remedied for Tenant's failure to vacate. 15. Parking. A. Tenant shall have the right to use the parking areas on the Property. -7- B. Tenant will comply with reasonable rules and regulations established by Landlord regarding the parking of Tenant and it employees. 16. Tenant to Observe Laws, Rules and Regulations With the exception of any provisions herein to the contrary, Tenant agrees, insofar as applicable to Tenant's responsibility during the term of this Sublease, to promptly observe, comply with and execute at its own cost and expense all Laws relating to the use of the Hangar by Tenant. Tenant, however, may contest, review or appeal any governmental orders and directions provided Tenant shall, prior to contesting the same, notify Landlord in writing of its intention to do so, and provided that all such proceedings shall be promptly commenced by Tenant and diligently prosecuted by Tenant at its expense to a speedy and final conclusion. 17. Other Rules and Regulations A. Compliance. In connection with Tenant's use of the Hangar, Tenant shall comply with the Minimum Standards for Commercial Aeronautical Activities by Fixed Base Operators and Other Aeronautical Service Providers at Monroe County Airport and all ordinances of the County, including any reasonable rules and regulations with respect to use of Airport property, as the same may be amended from time to time (which rules, regulations and amendments are furnished to Tenant), all additional laws, statutes, ordinances, regulations and rules of the federal, state and county governments, and any and all plans and programs developed in compliance therewith, which may be applicable to its operations, including specifically, without limiting the generality thereof, federal air and safety laws and regulations and federal, state, and county environmental, hazardous waste and materials and natural resources laws, regulations and permits and FAA Airport Improvement Program Grant Compliance requirements. This Sublease is subordinate to the County's obligations under federal aviation law and contractual commitments to the federal government. Upon a formal written declaration by the Federal Aviation Administration ( "FAA ") that a term or provision of this Sublease is inconsistent with federal aviation law or a contractual commitment to the FAA, the impermissible term shall be severed, without affecting the remainder of this Sublease. The parties may agree to amend this Sublease as provided herein as necessary to comply with the FAA's formal written declaration. B. Violations. Tenant agrees to pay on behalf of Monroe County any penalty, assessment, or fine, issued against Monroe County, or to defend in the name of Monroe County any claim, assessment, or civil action, which may be presented or initiated by any agency or office of the federal, state, or county governments, based in whole or substantial part upon a claim or allegation that Tenant, its agents, employees or invitees have violated any law, ordinance, regulation, rule or directives described in Section 17A. above respecting Tenant's use of the Hangar. 18. Environmental. A. Tenant shall not release any Hazardous Material in, on or under the Hangar. "Hazardous Material" shall mean without limitation, any flammable, explosive or radioactive material, lead paint, asbestos or asbestos containing material, urea formaldehyde, polychlorinated biphenyl, fungal microorganism or component thereof (including, without limitation, Stachybotrys chartarum Aspergillus /Pennicilium, Trichoderma, Fusarim, Cylindrocarpon, Acremonium, Trichothecium, Myrothecium or Alternaria, and/or any micotoxins produced by fungal microorganisms) capable of causing pulmonary, respiratory, neurological or other illnesses after exposure, petroleum or petroleum product or constituent, methane, hazardous material, hazardous waste or any other hazardous or toxic substance or related material, as defined in the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. § §9601, et seq.), the Hazardous Materials Transportation Act, as amended (49 U.S.C. Appendix § §1801, et seq.), the Resource Conservation and Recovery Act, as amended, (42 U.S.C. § §9601, et. seq.), the Toxic Substances Control Act, as amended (15 U.S.C. § §2601, et. seq.), or any other federal, state or local laws and regulations regulating the environment. B. Tenant shall not be liable or responsible for any environmental contamination of the Hangar not caused by Tenant; nor shall Tenant be liable or responsible for the condition of the Hangar as exists prior to the date that Tenant occupies the Hangar. C. Tenant shall defend, indemnify and hold harmless Landlord from any and all claims, orders, demands, causes of action, damages, proceedings, judgments, suits, liabilities, losses, fines, penalties, costs and expenses (including, without limitation, consultant fees, court costs and reasonable legal fees) arising out of any Hazardous Material in the Hangar that was brought upon the Hangar by Tenant (or its agents, employees or contractors). D. Landlord shall defend, indemnify and hold harmless Tenant from any and all claims, orders, demands, causes of action, damages, proceedings, judgments, suits, liabilities, losses, fines, penalties, costs and expenses (including, without limitation, consultant fees, court costs and reasonable legal fees) arising out of (i) Hazardous Material on, in or under the land on which the Hangar is built that is or was brought upon, the land on which the Hangar is built by Landlord (or its agents, employees or contractors) (ii) Hazardous Material that was already present on or under the Hangar prior to the date that Tenant constructs the Hangar. E. Tenant shall not construct or install any underground or above - ground fuel tanks 19. Assignment and Subletting This Sublease shall bind and shall inure to the benefit of the parties hereto and their respective successors and assigns, and shall bind all grantees and assignees of Landlord and purchasers of any portion of the Hangar. Any purchaser and/or grantee of all or any part of the Hangar shall acquire same subject to this Sublease. Tenant may not assign this Sublease, or sublet the Hangar or any part thereof, without Landlord's prior written consent, which consent shall not unreasonably be withheld, conditioned or delayed. The written consent by Landlord to any assignment or sublease shall not constitute a waiver of the necessity for such consent to any subsequent assignment or sublease. Receipt by Landlord of Rent hereunder from any party other than Tenant shall not be deemed to be consent to any such assignment or sublease or relieve Tenant of its obligation to pay Rent or other charges under this Sublease. Tenant may assign this Sublease, or sublet the Hangar or any part thereof, to any parent, subsidiary or affiliate of Tenant without Landlord's consent provided that Tenant will still remain liable for all rights and obligations under this Sublease irrespective of any such assignment or sublet. Landlord's consent shall not be required in connection with any assignment related to a sale or transfer of Tenant's assets or stock. 20. Performance by Landlord of Tenant's Obligations In the event Landlord shall pay or be compelled to pay a sum of money, or to do any act which requires the payment of any money, by reason of the failure of Tenant to perform one or more of the covenants herein contained to be kept and performed by Tenant, then in such event, the sum or sums so paid by Landlord, together with all interest, expense or obligations incurred by Landlord, shall be considered as additional rent and shall be added to the Base Rent becoming due and shall be collectible in the same manner and with the same remedies as if they had been rents originally reserved. 21. Indemnification A. Tenant agrees to indemnify, defend and hold Landlord harmless from and against any and all claims, liabilities, damages and expenses (including reasonable attorneys' fees) respecting personal injury and/or property damage arising from the use or occupancy of the Hangar by Tenant, and any other parties at any time utilizing the Hangar through Tenant, other than those claims related to or arising out of Landlord's acts, omissions, gross negligence or willful misconduct. B. Landlord agrees to indemnify, defend and hold Tenant harmless from and against any and all claims, liabilities, damages and expenses (including reasonable attorneys' fees) respecting personal injury and/or property damage arising out of (i) Landlord's (and Landlord's agents', employees' and contractors') negligence and/or willful misconduct and (ii) any breach of any material representation, warranty or covenant of Landlord set forth herein that cannot be cured by Landlord within sixty (60) days of notice of such breach by Tenant, including Landlord's representation and warranty that Landlord is the current lessee under the Underlying Lease. This subsection shall not apply to Monroe County in the event the Landlord defaults and Monroe County becomes the Landlord under this Sublease. 22. Notices All notices, requests, demands, and other communications pertaining to this Sublease shall be in writing and shall be deemed duly given and effective (i) on the day when sent by facsimile transmission (provided that the sender thereof has confirmation of receipt by the intended recipient), (ii) on the day when delivered personally (which shall include delivery by Federal Express or other nationally recognized, reputable overnight courier service that issues a receipt or other confirmation of delivery) and/or -10- (iii) three (3) days after any such notice was given by certified U.S. mail, return receipt requested, postage prepaid, addressed as follows: If to Landlord: William Ehrhorn Marathon Aviation Associates, LLC 9850 Overseas Highway Marathon, FL 33050 With a copy to: Thomas D. Wright, Esq. Law Offices of Thomas D. Wright, Chartered 9711 Overseas Highway Marathon, FL 33050 If to Tenant: John Allison 2 J's Properties, LLC 719 Harkrider Street 2nd Floor Conway, AR 72032 With a copy to: William C. Brazil Brazil, Adlong and Mickel 1315 Main Street Conway, AR 72032 Effective notices hereunder may be given by either party's counsel on behalf of such ply. 23. Waiver In the event Landlord does not insist on a strict performance of any of the terms and conditions hereof, such decision shall not be deemed a waiver of the rights or remedies that Landlord shall have to insist upon strict performance of any such terms or conditions in the future or any other conditions and terms of this Sublease. 24. Entire Agreement; Severability This Sublease, and any exhibits annexed hereto, contains the entire agreement between Landlord and Tenant, and any agreement hereafter made between Landlord and Tenant shall be ineffective to change, modify, waive, release, discharge, terminate or effect an abandonment of this Sublease, in whole or in part, unless such agreement is in writing and signed by both Landlord and Tenant. If any term or provision of this Sublease or the application thereof to any present or future circumstances, to any extent, be held to be -11- invalid or unenforceable by a court of competent jurisdiction, the remainder of this Sublease shall be in full force and effect, and only the provision found to be unenforceable shall be stricken from the terms hereof. 25. Governing Law, This Sublease shall be governed by the internal laws of the State of Florida, without regard to the principles of conflicts of laws, with venue in Monroe County. 26. Invalidity of Any Provisions If any term, covenant, condition or provision of this Sublease shall be held to any extent to be invalid or unenforceable under applicable law, the remaining terms, covenants, conditions and provisions of this Sublease shall not be affected thereby and shall remain in full force and effect. 27. Waiver of Jury Trial Landlord and Tenant hereby waive trial by jury in any action, proceeding or counterclaim brought by either of them against the other or any matters whatsoever arising out of or in any way connected with this Sublease, the relationship of Landlord and Tenant, Tenant's use or occupancy of the Hangar, and/or claim of injury or damage. 28. Legal Expenses Should either party employ an attorney or attorneys to interpret or enforce any of the provisions hereof, or to protect its interest in any matter involving, arising out of, or otherwise relating to this Sublease, or to recover damages for the breach of this Sublease, the party prevailing shall be entitle to recover from the other party all reasonable fees, costs, charges and expenses, including but not limited to, attorney and legal assistant fees, expended or incurred in connection therewith from the initial request for redress through trial, appeal and collection. 29. Relationship of the Parties. Nothing herein contained shall be deemed or construed as creating the relationship of principal and agent or of partnership or joint venture between Landlord and Tenant; it being understood and agreed that neither the method of computing Base Rent nor any other provision contained herein nor any acts of Landlord and Tenant shall be deemed to create any relationship between the parties other than that of Landlord and Tenant. 30. Counterparts This Sublease may be signed in counterparts, and by facsimile or e- mail signatures, which originals, facsimile and/or e-mail counterparts shall be deemed originals for all purposes, and which together shall be deemed one agreement. 31. Miscellaneous; Captions The masculine, feminine or neuter gender, wherever used herein, shall be deemed to include the masculine, feminine and neuter whenever and wherever applicable herein. Whenever the singular is used it shall be deemed to include the plural whenever and wherever applicable herein. Captions and headings in this Sublease are for convenience. They do not define or limit the scope of any provision set forth herein. 32. Memorandum of Sublease Upon execution of this Sublease, Landlord and Tenant shall execute a Memorandum of Sublease in the form attached hereto as Exhibit E ( "Memorandum "). Landlord or Tenant shall record the Memorandum in the Public Records of Monroe County. If not already recorded, memoranda of the Underlying Lease and New -12- Sublease shall also be recorded in the Public Records of Monroe County. All recording fees and taxes required to be paid in connection with this Section 32 shall be paid by Landlord. 33. Survival The indemnification obligations set forth herein shall survive the expiration or earlier termination of this Sublease. 34. FAA Required Clauses A. Tenant for itself and its successors in interest and assigns, as a part of the consideration hereof, does hereby covenant and agree that (i) no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or be otherwise subjected to discrimination in the use of the Hangar, (ii) that in the construction of any improvements on, over or under the Hangar and the furnishing or services thereon, no person on the grounds of race, color, or national origin shall be excluded from participation in, denied the benefits of, or be otherwise subjected to discrimination, (iii) that Tenant shall use the Hangar in compliance with all other requirements imposed by or pursuant to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally- assisted programs of the Department of Transportation - Effectuation of Title VI of the Civil Rights Act of 1964, and as said Regulations may be amended. That in the event of breach of any of the above nondiscrimination covenants, Landlord and Monroe County shall have the right to terminate this Sublease and to re -enter the Hangar as if this Sublease had never been made or issued. This provision shall not be effective until the procedures of Title 49, Code of Federal Regulation, Part 21 are followed and completed including exercise or expiration of appeal rights. B. It shall be a condition of this Sublease that Monroe County reserves for the use and benefit of the public, a right of flight for the passage of aircraft in the airspace above the Hangar, together with the right to cause in said airspace such noise as may be inherent in the operation of aircraft, now known or hereafter used, for navigation of or flight in the said airspace, and for use of said airspace for landing on, taking off from or operating on the Airport. C. Tenant expressly agrees for itself, its successors and assigns, to restrict the height of structures, objects of natural growth and other obstructions on the Hangar to such height so as to comply with Federal Aviation Regulations, Part 77. Tenant expressly agrees for itself, its successors and assigns, to prevent any use of the Hangar which would interfere with or adversely affect the operation or maintenance of the Airport, or otherwise constitute an Airport hazard. D. This Sublease and all provisions hereof are subject to any ordinances, rules or regulation which have been, or may hereafter be adopted by, Monroe County pertaining to the Airport. (The remainder of this page is intentionally left blank.) -13- IN WITNESS WHEREOF, Landlord and Tenant have signed this Sublease as of the day and year first above written. LANDLORD MARATHON AVIATION ASSOCIATES, LLC B N Ti TENANT By: _ Name Title: 1 -14- 2 J'S PROPERTIES, LLC EXHIBIT A [Sublease between Coast FBO, LLC (now South Shore Aviation Associates, LLC) and Marathon Aviation Associates LLC and Consent to Assignment to South Shore Aviation Associates, LLC] SUBLEASE AGREEMENT SUBLEASE AGREEMENT (this "Sublease') dated effective January 1, 2012 (the "Effective Date'), by and between COAST FBO, LLC, a Florida limited liability company ( "Sublandlord "), and MARATHON AVIATION ASSOCIATES, LLC, a Florida limited liability company ( "Subtenant "). RECITALS: A. MONROE COUNTY, a political subdivision of the State of Florida ("Monroe County ") is the fee simple owner of the Property. B. Pursuant to the Prime Lease, Monroe County (as landlord) leased the Property to Sublandlord (as tenant/FBO). C. The term "Prime Lease ", as used herein, shall mean that certain original twenty (20) year lease agreement entitled Marathon Fixed Base Operator (FBO) Agreement dated effective on or about April 6, 1998 (the "Original Lease "), by and between Monroe County and PARADISE AVIATION, INC. ( "Sublandlord's Predecessor- in- Interest'j, as said Original Lease has been (i) amended between Monroe County and Sublandlord's Predecessor -in- Interest. pursuant to that certain Lease Amendment dated effective December 19, 2001 (ii) assigned to Sublandlord; and (iii) amended to date between Monroe County and Sublandlord, including without limitation, that certain (a) Lease Amendment dated effective April 15, 2009 (b) first Extension of Time to Lease Amendment, (c) Second Extension of Time to Lease Amendment dated effective Seotember 15, 2010 and (d) Third Extension of Time to Lease Amendment dated efTective March 16, 2011 D. The term "Property ", as used herein, shall mean all real properly leased from Monroe County to Sublandlord, pursuant to the terms of the Prime Lease, including without limitation, those certain parcels of real property described in Exhibit A and Exhibit A 1 to the Prime Lease. E. Sublandlord desires to sublease the Property to Subtenant, and Subtenant desires to sublease the Property from Sublandlord pursuant to the provisions of this Sublease. NOW, THEREFORE, in consideration of the foregoing recitals, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 1. LEASE OF PROPERTY. Sublandlord hereby subleases to Subtenant, and Subtenant hereby subleases from Sublandlord, the Property. ?- TERM. The term of this Sublease (the "Term") shall commence on the Effective Date, and shall continue throughout the term of the Prime Lease, as the same may be amended from time to time. �• RENT. The annual base rent for the Property shall be an amount equal to the annual rent payable by Sublandlord to Monroe County for the Property under the terms of the Prime Lease (the `Base Rent'% together with any sales tax imposed by the State of Florida. In addition. Subtenant agrees to pay to Sublandlord any and all amounts or charges other than Base Rent (e.g.. fuel flowage fees, property taxes if applicable, etc.) for which Sublandlord is obligated to make payments to Monroe County with respect to the Property under the terms of the Prime Lease (collectively, "Additional Rent "), together with any sales tax imposed by the State of Florida. If and to the extent that Subtenant is late in making any payments of Base Rent or Additional Rent to Sublandlord hereunder, then Subtenant shall be liable for paying late fees and other charges to Sublandlord, in such amounts as are the same as any late fees or other charges which Sublandlord is liable to Monroe County under the terms of the Prime Lease. 4. USE. Subtenant shall be permitted to use the Property for any and all uses that are permitted to be made of the Property unde the terms of the Prime Lease, and subject to an) Iimitations thereon as set forth in said Prince Lease (including any exhibits thereto and /or any laws, rules, regulations and/or ordinances to which the Property are subject). 5. ADDITIONAL OBLIGATIONS. Subtenant hereby undertakes to assume any and all other obligations, in favor of Sublandlord, for which Sublandlord has an obligation in favor of Monroe County (with respect to the Property or otherwise) under the terms of the .Prime Lease. Without limiting the generality of the foregoing. Subtenant hereby undertakes: (a) to keep the Property in good order and condition, to the same extent that Sublandlord has obligated itself to Monroe County under the terms of the Prime Lease; (b) to comply with all governmental laws, rules, regulations, ordinances, decrees, etc., to the same extent that Sublandlord has obligated itself to Monroe County under the terms of the Prime Lease; (c) to secure and maintain any and all insurance policies with respect to the Prope has agreed to secure and maintain the same under the t rty, to the same extent that Sublandlord erms of the Prime Lease (including the Provision of any and all endorsements in favor of Monroe County and Sublandlord), and to comply with all orders, rules and regulations of the Board of Underwriters and of any insurance companies insuring the Property; (d) to pay all taxes and assessments, including any sales or use taxes, imposed or levied by any governmental agency with respect to Subtenant's operations, to the same extent that Sublandlord has obligated itself to Monroe County under the terms of the Prime Lease; and (e) to comply with any and all limitations, conditions or restrictions as Sublandlord may be subject to Monroe County under the terms of the Prime Lease. 6. ASSIGNMENT /SUBLETTING. Provided Subtenant is not in default of this Sublease, Subtenant shall be permitted to assign this Sublease, or sublet all or any part of the Property, upon obtaining the prior written consent of Sublandlord, which consent shall not be unreasonably withheld or delayed. Notwithstanding any assignment or sublease, Subtenant shall 2 remain fully primarily liable hereunder and shall not be released from any obligations or performing any of the terms of this Sublease_ 7. LIABiLI'mINDEMNIFICATION. A. Subtenant shall indemnify Sublandlord and hold it harmless from suits, actions, damages, liability and expenses in connection with loss of life, bodily or personal injury or property damages arising from or out of the use or occupancy of the Property or any part thereof or occasioned wholly or in part by any act or omission of Subtenant, its agents. contractors, employees, servants, invitees, licensees or concessionaires, including the sidewalks, the parking facilities, and facilities within any buildings located thereon, except in the case of negligence on the part of Sublandlord or their respective employees, servants and agent's; B. Subtenant shall store its personal property in and shall occupy the Property at its own risk and releases Sublandlord, to full extent permitted by law, from all claims of every kind. resulting in loss of life, personal or bodily injury or property damage; and C. Sublandlord shall not be responsible or liable at any time or any loss or damage to Subtenant's equipment, fixtures, and other personal property of Subtenant or to Subtenant's business. 8. DEFAULT AND REMEDIES. A. Events of Default. The following events shall be deemed to be events of default by Subtenant under this Sublease: (i) Subtenant shall tail to pay any Base Rent,. Additional Rent or other sums payable by Subtenant hereunder as and when such rents or other sums become due and payable; (ii) Subtenant shall fail to comply with any other obligation of Subtenant hereunder, which failure shall have the effect of causing Sublandlord to be in default to Monroe County under the terms of the Prime Lease; or (iii) any other circumstance shall occur with respect to Subtenant (e.g., if a receiver or trustee shall be appointed in any bankruptcy proceeding) which shall have the effect of causing Sublandlord to be in default to Monroe County under the terms of the Prime lease. B. Remedies At any time after the occurrence of an Event of Default, Sublandlord shall have the right to exercise any and all remedies against Subtenant (including termination) which Monroe County may exercise against Subiandlord for the same Event of if Default, and subject to any notice requirements set forth in the Prime Lease (i.e., n and to the extent that Monroe County shall have the obligation to notify Sublandlord of any Event of Default under the terms of the Prime Lease, then Sublandlord shall likewise have tl�e same obligation to notify Subtenant of such Event of Default under the terms of this Sublease). 9. SUBORDINATION. This Sublease and the Subtenant's interest hereunder shall be subject and subordinate to any mortgage, leasehold mortgage, deed of trust, or any method of financing or refinancing now or hereafter placed against the Property and /or any and all of the 3 buildings now or hereafter built, and to all renewals, modifications, replacements, consolidations and extensions thereof 10. ATTORNMENT, Subtenant shall in the event of the sale or assignment of Sublandlord's interest in the Property, or in the event of any proceedings brought for the foreclosure of or in the event of exercise of the power of sale under any mortgage made by Sublandlord covering the Property, attorn to the purchasers or foreclosing mortgagee and recognized such purchaser or foreclosing mortgagee as Sublandlord under this Sublease. H. AMENDMENTS & NOTIFICATIONS. Sublandlord agrees_ (a) that it will not amend die Prime Lease with Monroe County, without the express written approval of Subtenant, which approval shall not be unreasonably withheld or delayed; and (b) to forward to Subtenant copies of any and all notices and/or notifications received by Sublandlord from Monroe County or any third parties, promptly after Sublandlord's receipt of the same. 12. NO WAIVER. Failure of Sublandlord or Subtenant to insist upon the strict performance of any provision of this Sublease or to exercise any option or an y rules and regulations herein contained shall not be construed as a waiver for the future of any such provision, rule or option. The receipt by Sublandlord of rent with knowledge of the breach of any provision of this Sublease shall not be deemed a waiver of such breach. No provision of this Sublease shall be deemed to have been waived unless such waiver is in writing signed the party seeking to enforce such provision. 13. SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided, all provisions herein shall be binding upon and shall inure to the benefit of the parties, their legal representative, successors and assigns. 14. ENTIRE AGREEMENT, ETC. This Sublease and the Exhibits, Annexes, Riders and/or Addenda, if any attached, set forth the entire agreement between the parties. Any prior conversations or writing are merged herein and extinguished. 15. GOVERNING LAW; VENUE_ This agreement shall be governed in all respect by the laws of the State of Florida, and the parties agree that the appropriate venue for any lawsuit involving issues arising from this agreement shall be Monroe County, Florida. 16. WAIVER OF JURY TRIAL. SUBLANDLORD AND SUBTENANT HEREBY WAIVE, TO THE EXTENT NOT PROHIBITED BY LAW, THE RIGHT TO A JURY TRIAL IN ANY ACTION, SUMMARY PROCEEDING, OR LEGAL PROCEEDING BETWEEN OR AMONG THE PARTIES OR THEIR SUCCESSORS ARISING OUT OF THIS SUBLEASE, SUBTENANT'S RIGHT OF OCCUPANCY OF THE PROPERTY, OR SUBTENANT'S RIGHT TO OCCUPY THE PROPERTY. IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals this day and year first above written. 4 Witnesses, Print jale 0 '�Z3 t Print Name: AAA V--j Prig{ Name: Sublandlord: COAST FBO, LLC, a Florida limited liability company By: William G- EhThorn, Manager X Subtenant: David S. Band, Manager -ILI MARATHON AVIATION ASSOCIATES, LLC. a Florida limited liability 'company By: William G. Ehrhorn, Manager i� avid S. an Manager .............. brit N arrye! Pr1 aril any Wd h - ro w AMY HEAVIIIN, CPA CLERK OF CIRCUIT COURT & COMPTROLLER MONROE COUNTY, FLORIDA DATE: Januaty 24, 2014 TO: Peter Horton, Director of Airports ATTN: Judy Layne, Senior Coordinator Airport Grants and Finance FROM: Lindsey Ballard, D. C th At the January 16'', 2414, Board of County Commissioners meeting, the Board granted approval and execution of Item C7 Consent to Assignment for the Marathon General Aviation FBO facility at the Florida Keys Marathon Airport. Enclosed is a duplicate original of the above - mentioned for your handling. Should you have any questions, please feel free to contact our office. cc: County Attorney (W/6 documents) Finance File 500 Whitehead StreetSulte 301, PO Box 1980, Key West Fl 33040 Phone: 305 - 295 -3230 Fox: 305 295 -3663 3117 Overseas Highway, Marathon, Ft 33050 Phone: 305 -289 -6027 Fox: 305- 289 -6025 88820 Overseas Highway, Plantation Key, FL 33070 Phone: 852 -7145 Fax: 305 -852 -7146 CONSENT TO ASSIGNMENT ) <5�Lxn� This Consent to Assignment is entered into this,,Kth day of 9ecenrber, 2013, by and between Monroe County, a political subdivision of the State of Florida, hereafter County, Sarasota Coast Investors, LLC, Assignor, and South Shore Aviation Associates, LLC., Assignee, the parties agreeing as follows: !. The County, through a Consent to Assignment dated July 18, 2008, leased to Assignor approximately 373,679.56 s.f. of space utilized as a FBO facility at 9850 Oversea Highway at the Florida Keys Marathon Airport, Marathon, Florida, under a Marathon FBO Agreement dated April 6, 1998, (hereafter the original agreement), and amended by lease amendment thereto on April 15, 2009. The original agreement, lease amendment and July 18, 2008 Consent to Assignment are attached and incorporated into this Consent to Assignment. 2. The County and Assignor, through a Fourth Extension Of Time To Lease Amendment, agreed to extend the time Assignor had to comply with the terms of the April 15, 2009 lease amendment, 3. Subject to approval by the County Commission, a change of operational control of the FBO facility was agreed to between the Assignor and the Assignee effective June 4, 2013, wherein the Assignor assigned to Assignee all the Assignor's rights, title and interest in the original lease and lease amendment. 4. Monthly rent payments shall be made payable to Monroe County Airport Business Office, and sent to 3491 S. Roosevelt Blvd. Key West, F1 33040. 5. In consideration for Monroe County's consent, the Assignee agrees to be bound by all the terms and conditions of the original agreement, the lease amendment and the Fourth Extension Of Time To Lease Amendment dated March 21, 2012. BOARD OF COUNTY COMMISSIONERS T: DANNY L. K.OLHAGE OF MONROE COUNTY, FLORIDA CLERK A F _ B _ Deputy erk Mayor Pro -Tem ASSIGNEE - SOUTH SHOR Y AVIATION ASSOCIATES, LLC. tary Public -State f Florida (Name) V! ' 005w mm (Title) A r- basal„_ $# (Address t49N1/tW -� My Commission i z c�C'W mot ary AWAY ` y� ASST NOR - RASOTA COAST INVESTORS, LLC By :, �� �O B YI �N ic - State of Florida ame ) Zs' (Title) (Address) t X My Commission Expires: S�.tn -.+rp rc'� p�2 (SEAL) LINDA M G000J tl Notary Pu61iC . State of FIwWa •ter My Comm EkWt"S OCt 27, 2017 '1,�� .`*•?``' Commicsimi # FF 035366 8a ihroWA lial+anal Notify Assn. j ADO. E COUWry i OR EY / RO ED AS AR PEDR E ADj t C NTY ATT N Date. EXHIBIT B EXHIBIT B Wft N- 14J49, 1. lf.tttasee.os NN ttfJ e * • tD tip 1-4140 6 ' z aJ210.79 E- e41M4.24 .... 13`8 A6 NO ON N- unsa4s e. t:40441.3e 1 SURWMR'S NOTES: Re1=n w on WAD 83 (1990) State Plane Coat SYstem 9` HAD 83 (1990) State Plane Coordinate .•)'denotee eKlsting elevation System E based on N.G.V.1) 1929 Datum Bench MvrrreMolbn: ork No,: X -273 Efevativn: Mon eel SPike or P.K. Noll, as notsd 3.907 (destroyed) "t '/2' Iron PCPo, PJ-S. No. 2749 • < found 1/2' Cron po. Abbrovie)onr: 5 " Story R Right -oJ -w Overhead fd. .. Found u/y • Underground P• . Plot F.Ft_< 'nigh Floor Elevotion rn. - Meaeured cone• concrete O.R- < Official Records j TSec.. C 8. < Concrete Block D. Township R C.B.S.< Concrete Block Stucco yye. < Range cov'd.- Covered N.T.S,< Nof to Sc° Elv,- I& F - E `u` < Electrical Pun Box e Qvotlon E 0, M. - Bench Mori< O = Electrical Mon Hole - Plat Book E PP P.B. Eiic.< Efrw Runway light Tel. - Telephone - HOdz. control Monument Catch Basin FteM Mork performed on: tM30 /97 thru t /tB /98 MOnr0G County M°IVthorl AJrPart, Marathon, Florida Sheet t of Sketch to accompany Lego Description D -n No.: FREDERICK H. Scale I - W20Qr Ref. Flood panel f4o. 98-4,37-01 t�e� HILDEBRANDT 98T7-01 tNMMR PCMMU $(l 0R 132 -T Date; I / 98 Flood Zone: Dwn. : F.H.H. Flood Dev, - 3150 ortn w elde Dri REVISIOtvS AND OR AooMOHS 3/6/98: Hon er location Suite 101 l Key mveet, hi 33040 ra30b{ OS} 93-0737 1 LEGAL DESCRIPTION (LEASE AREA): A portion of land located at Marathon Airport, and being o part of Section i. Township 66 South, Range 32 East, Key Voco, Monroe County, Florida and being more part.cu;arly described as follows: COMMENCING at a N.O.S. Horizontal control monument stamped MTHC 1989, and whose Flondc State Plane Coordinates are N 1 and E 638059.76 (1983/90); thence N 67'29'51" for 2473.09 feet to the Point of Beginning ( N 142975.60, E 640344 55 ); thence N 67'22'34" E along the edge of on. asphalt surface for 1347.96 feet ( N 143494.14, E 64158839 ); thence S 22'39'52" E and olong the edge of am. asphalt surface for 252.91 feet to a chain link fence ( N 143260.76, E 641686 24); thence S 67'23'40" w and along the said chain Ink fence for 1348.46 feet ( N 142742.43, E 640441.38 ); thence N 22'33'05" W and along an edge of a asphalt surface for 252.48 feet to the Point of Beginning. Containing 340,679.56 Square Feet or 7.82 Acres, more or less. CERTIFICATION. I HEREBY CERTIFY that the attached Sketch to accomppan LegQal Description is true and correct to the bas of my knowledge and bel if; tfSat it meets the minimum technical standards adopted the Florida Board of Land Surveyors, Chapter 61G17 -6, Florida St ute c n 472 27, and the American Land Title Association, and that ther or n ible encr chments unless shown hereon. DE ICK H, HILO OT Professional Land Sur or No. 2749 'rofesslonof Engineer No. 36810 State of Florida NOT VALID UNLESS EMBOSSED WITH RAISED SEAL & SIGNATURE Sheet 2 of 2 Monroe County Marathon Airport, Marathon, FIorlda Sketch to accompany Legal o ,fi FREDERICK H. HILDEBRMDT Description 98- 437 -01 ENGINEER PLANNER S11RyEY0R �h 1: " -200' Ref. flood panel No. 1,32.1 own. 9 . r.N.h. Do N: 1/28/98 Hoed Zone; Fl"od Erev. 3150 Nor%siae Drive S'Aa 101 REVISIONS AND OR ADDMONS Keeyy S) 293 -0456 west, FI. .7,3040 (30 VS Hon er beotien Pox. (305) 293 -0237 • a cc cr. C.5 ! -.' r tlx: . L I =•Z ( w Y au cc w IQ I li Jr ' ` 0 V E J � C� 41ccl 1 6 %.mw 1 or tl It v I I ' ` 0 V E J � C� 41ccl 1 6 %.mw 1 or EXHIBIT B1 EXHIBIT B -1 v ' T Q F W Z W . a w ' 2 ' -' 4 tL W u1 { W [ Oo I Q O �' r 1 0 �z 1 I t 4 0 W d' O t W 5 a N <O t W �1S F S J M Pi x G S• ' I I � , i I i �i • f f EXHIBIT D SUBLANDLORD ESTOPPEL CERTIFICATE AND AGREEMENT The following terms as used in this estoppel certificate and agreement ( "Certificate ") have the following meanings: Sublandlord: South Shore Aviation Associates, LLC Sublessee: Marathon Aviation Associates, LLC 2 J's: 2 J's Properties, LLC Prime Lease: Marathon Fixed Base Operator (FBO) Agreement effective April 6, 1998 between Monroe County, Florida and Sublandlord and subsequent amendments. Sublease: Sublease dated January 1, 2012 between Coast FBO, LLC and Sublessee with Consent to Assignment dated January 16, 2014, executed by Monroe County, Sarasota Coast Investors, LLC, and Sublandlord. /�/ Sub - Sublease: Lease and Sublease dated! , 2014 between Sublessee and 2 J's. Leased Premises: Airport property leased under the Prime Lease as described in attached Exhibit A. Subleased Premises: Airport property which is a part of the Leased Premises, and is subleased and sub - subleased under the Sublease and Sub - Sublease, and which is described on the second page of attached Exhibit A and depicted on attached Exhibit Al. Sublandlord hereby consents, agrees, warrants, represents and certifies to 2 J's, and its successors and assigns, as follows: 1. Sublandlord consents to the Sub - Sublease, and warrants and represents that there are no mortgages or deeds of trust encumbering all or any part of Sublandlord's interest in the Subleased Premises. 2. Sublandlord certifies that Sublessee is the tenant under the Sublease. 3. Sublandlord agrees not to enter into an agreement with Sublessee (its successors and /or assigns) to terminate the Sublease, except that Sublandlord may terminate the Sublease in accordance with the terms thereof following a material default under the Sublease by Sublessee provided that (a) Sublandlord has given 2 J's written notice of such default and an opportunity to cure the same pursuant to Section 6 hereof and (b) if the Sublease is terminated, Sublandlord shall recognize the Sub - Sublease as a direct sublease between Sublandlord and 2 J's, and the Sub - Sublease shall remain in full force and effect. 4. Sublandlord certifies that (i) the Prime Lease and Sublease are in full force and effect, (ii) the Prime Lease and Sublease have not been terminated, (iii) the Prime Lease and Sublease have not been assigned, modified or amended except as referred to above, (iv) the first, second, third, fourth and fifth amendments to the Prime Lease have been rescinded and are of no further force or effect and (v) no default has occurred under the Prime Lease or Sublease (nor are there any conditions which the passage of time or giving of notice, or both, would become a default under the Prime Lease or Sublease). 5. Sublandlord agrees to provide 2 J's with written notice of any default by Sublessee under the Sublease and an opportunity within a reasonable amount of time to cure such default. 6. Sublandlord certifies that the terms of the Prime Lease and Sublease expire on April 5, 2031. 7. Sublandlord acknowledges that Sublandlord's address for notices is: 9850 Overseas Highway, Marathon, FL 33050. 8. This Certificate shall run with the Subleased Premises, and bind the successors, assigns and grantees of Landlord. 9. This Certificate may be recorded in the real property records. 10. 2 J's may rely on this Certificate. 11. If Prime Tenant /Sublandlord, South Shore Aviation Associates, LLC and/or Sublessee, Marathon Aviation Associates, LLC, violate(s) their lease agreements for any reason; become(s) insolvent; sell(s) or transfers to another party; and/or if another prime tenant and/or sublessee assumes control for any reason, 2 J's Properties, LLC's sublease will not be affected in anyway unless caused by 2 J's Properties, LLC and any future agreement or new lease between other parties would specifically provide that the lease with 2J's Properties be honored under the same terms and conditions as originally agreed upon in this Lease and Sublease Agreement. Executed this r Vd ay of C P , 7$ 1 2014. South Shore Aviation Asso iates, LLC By: Name: rLti4M7N #1 ",#vL Title: r- Fp STATE OF COUNTY OF 1 s oro L� 201j� The foregoing instrument was acknowledged before me this /� day of , y QA4-j%'-' A (I2K- , of South Shore Aviation Associates, LLC, a Florida limited liability company. : (check one) V is personally known to me; or has produced, as identification Signature A notary public KARL ERRiCKSM kc i ( err als ol� W ooMMMM # EE1 t ed, printed or stamped name of notary public) ExPMs AWW M =5 N tary Public, State of Ro r,''4 �. y Commission Expires: 20 EXHIBIT A t N +maeo r.aoJS..as N-1� L43 4 asoest.�e ly 1434 1 ea35c s t1 NN W at r_ a i U• 5- St1RYVMRI Nol t Win Be a HAD 81 83 ( tStah ate ens Caorwnats System .. denotes existing oie,vatton Elow9om based an N.G.V.. Coordincti System Bench Mork No.: X -273 Man�mentaHoru 1929 Datum Ehvation: 1�A ' set $Pike ar P.K. Nall. ae noted 3,407 *-trwyed) • roue• ' tr iron PtPo. P-LS. No. 2749 /2 op pips Abbrovkbo,a er -WO Id. u/ Ouerhood F ound P. . Plot F / Elwatian m. Measumd O.R. " official Records cone.. co ncre t e Sec. Section TM P• •• Township 4 Bastogne COMWO 91oak Rys. +. Range N, S, Not to Seat, B.S."' Concrete Book Stucco cs„ d'- Covened Ce ne Devotion �E ". Elsctrled Pun Bor B.M.. Bench Mark . Book OE" Electrical Mon Hole pp P.B, pp Pllo q t e � Ella.•. Fisetrtc ' - Runway fight TOL Telephone . Horis. control No+xansnt C.S. .. catch Basin Field Work performe,d on: 12/30/97 thry t /18/94 Monroe c ounty Marathon Airport, Marathon, Florida Sketch to Occornpany Legal OOlcri tion o.n NO seats 1 "> =2pp� Rd. Flood 98- 4,57 -01 l3z -1 Pant N6' Dots: �I'18 /aR ev__, Dwn. By: F.H.H. FREDERICK H. HILDEBRANDT 'ENOMEM PLANNER SURWMR 3130 Northsbe Drive Suite t01 K Wesr, h. 33040 � ) 24 3 -04se a m (Jos) 293 -0237 a LEGAL DESCRIPTION (LEASE AREA): A portion of land located of Marathon Airport, and being o part of Section 1. Township 66 South, Range 32 East, Key Voca. Monroe County, Florida and being more part.cuiarly described as follows: COMMENCING at a N.O.S. Horizontal control monument stamped MTHC 1989, and whose Aondc State Plane Coordinates ore N 142029.09 and E 638059.76 (1983190); thence N 67'29'51" i for 2473.09 feet to the Point of Beginning ( N 142975.60. E 640344 55 ); thence N 67'22'34" E along the edge of an asphalt surface for 1347.96 feet ( N 143494.14, E 641588.79 ); thence S 22'39'52" E and olong the edge of or, asphalt surface for 252.91 1 feet to a chain link fence ( N 143260.76. E 641685 24); thence S 67'23'40" w and along the said chain link fence for 1348.46 feet ( N 142742.43, E 640441.38 ); thence N 22'33'05" W and along an edge of a asphalt surface for 252.48 feet to the Point of Beginning. Containing 340,679.56 Square Feet or 7.82 Acres, more or less. C ERTIFICATION: 1 HEREBY CERTIFY that the Ottoched Sketch to occomppaanpyy LeQoI ,I�eecription is true and correct to the be" of myy knowledge and beljf; tKat 1 meats the minimum technical standards adopted the Florido Board of Land Surveyors, Chapter 61G17-6. Land Title Association, and that Florid St to ction 472 7, and the American the or n ible ener hments unless shown hereon. DE ICK H. HIL DT Professlonal Land Su or No. 2749 �rofesalonal Engineer No. 38810 state of Florida NOT VALID UNLESS EM80SSED WITH RAISED SEAL do S(GNATJRE Sheet 2 of 2 Monroe County Marathon Airport, Marathon, Florida Sketoh to accompan Legal D" No.: FREDERICK H. HILDEBRANDT Deer! tion 98- 437 -01 MNEER PLANNER SURVEYOR scetas 1 e*r200' Rot, flood pond No. 132 -1 Dote: 1 /28�98 flsed Ion.: Hood Etev, '3150 NorlAsfde Drive Suite 101 RMSIONS AND/OR AOOMONS (( Kq 09 west, R. 33040 e• Hanger 160060A Fox �(3o 3-4)46 -0737 a � r . -o ! r I t ow r r r r r r i • i .. 1 1 f 1 r 't I I i r i i i i NJ z X 1 1 t � rt r t 1�l I f! •J• f .t••� 1 tl . -� '. 1 ! !• � It • 1 Je a� S .. W �C ! r r� �1 r li 11 • � V� f f • lk o • r V J �1 4Z t wlz •_ O j• tt !. ik � ! al � r i I.� 11 � 3 1 I1 I � EXHIBIT Al l7 7 G• d W 2 W . a W z W u1 W u� � W a�' I �Y " -I N Z N� I 1 f i f I O J O Ir F a W s N <p� �gW i i x C • i • I, Y) i i i I t, f i' • I •i EXHIBIT E PREPARED BY AND RETURN TO: William C. Brazil Brazil, Adlong and Mickel 1315 Main Street Conway, AR 72032 MEMORANDUM OF SUBLEASE THIS MEMORANDUM OF SUBLEASE, dated as of 2014, between MARATHON AVIATION ASSOCIATES, LLC, 9850 Overseas Highway, Marathon, FL 33050 ( "Sublandlord ") and 2 J'S PROPERTIES, LLC, 719 Harkrider Street, 2 nd Floor, Conway, AR 72032 ( "Subtenant "). WITNESSETH Sublandlord and Subtenant have entered into a lease and sublease agreement ( "Sublease ") with respect to part of the airport real property commonly known as the Florida Keys Marathon Airport, Marathon, Monroe County, Florida upon which Sublandlord shall renovate and modify an existing aircraft hangar. The Sublease follows a lease agreement entitled Marathon Fixed Base Operator (FBO) Agreement effective April 6, 1998 between Prime Landlord, Monroe County, Florida, and South Shore Aviation Associates, LLC, as amended by a Consent to Assignment dated January 16, 2014 (collectively "Prime Lease ") covering the airport property located in Marathon, Monroe County, Florida described in attached Exhibit A (collectively "Property "). A portion of the Property, defined below as the Subleased Premises, was subleased by South Shore Aviation Associates, LLC to Sublandlord ( "Sublease ") and then sub - subleased by Sublandlord to Subtenant ( "Sub- Sublease "). The following terms are applicable to the Sublease: Subleased Premises The Hangar (as defined in the Sublease) and the land upon which the Hangar has been erected as described on the second page of attached Exhibit A and depicted in attached Exhibit Al. 2. Name and Address of Prime Landlord and South Shore Aviation Associates, LLC MONROE COUNTY 1100 Simonton Street Key West, FL 33040 SOUTH SHORE AVIATION ASSOCIATES, LLC 5321 Memorial Highway Tampa, FL 33634 3. Name and Address of Sublandlord MARATHON AVIATION ASSOCIATES, LLC 9850 Overseas Highway Marathon, FL 33050 4. Name and Address of Subtenant 2 J'S PROPERTIES, LLC 719 Harkrider Street 2 Floor Conway, AR 72032 5. Date of Sub - Sublease /VQ✓e���C,� /d , 2014. 6. Term: This initial term of the Sub - Sublease shall expire on April 5, 2031, and shall commence pursuant to the terms of the Sub - Sublease. 7. Counterparts This Memorandum of Sublease may be signed in counterparts, and by facsimile or e-mail signatures, which originals, facsimile and/or e-mail counterparts shall be deemed originals for all purposes, and which together shall be deemed one agreement. 8. Recordiniz This Memorandum of Sublease shall be recorded in the real property records of Monroe County, Florida. 9. Indexing This Memorandum of Sublease shall be indexed against both the Prime Landlord, South Shore Aviation Associates, LLC and the Sublandlord. -2- IN WITNESS WHEREOF, the parties hereto have duly executed this Memorandum of Sublease as of the day and year first above written. 1C I 2 J's Properties, LLC By: Nam Title\�t�tt,�a -3- STATE OF " - 7 (; Y1 Cto- COUNTY OF Monr - CC_., The foregoing instrument was acknowledged before me this Ib 4 1 da y of 20 j_"5_ by i IIi I >rn i rta, P of Marathon Aviation Associates, LLC, a Florida limited liability company. Wh f - is one) f - is personally known to me; or has produced, as identification =80Y P"" Notary Public State of Florida JoAnn N Wagner - My Commission EE111152 Expires 97/2512015 STATE OF A- Ca,, COUNTY OF ►Lne r � 1 S' re of not Ay public oAnn M, to ne e (Typed, printed or stamped name of notary public) Notary Public, State of f t D rid-a- My Commission Expires: The foregoing instrument was acknowledged before me this I tP day of ' Fl r L,/,a-.r 201 by - hr--\ n�� j ,Snr\ , N-afy -e of 2 J's Properties, LLC, a Florida limited liability company. Who: (check one) - . - is personally known to me; or has produced, as identification F o HOLLY McKENNA otary Public - Arkansas Faulkner County mmission #123939 ommission Exp. 05 -22 -2023 Sig e of public (Typed, printed or stamped name of notary public) Notary Public, State of �}(I�GC7lS�c My Commission Expires: PLEASE RECORD AND RETURN TO: William C. Brazil Brazil, Adlong and Mickel 1315 Main Street Conway, AR 72032 Q EXHIBIT A i PAC w.os Nalc s r• t tnclse.t. x OL �- • •� " -1 Np . �► + �� ° "" tee' S TZ' � P `` Vr \ [ v _ N- tel7el.43 C- isae4/.3e U SURVIVORI NCTM R afarrn.. BabOVpd en NAp ( *90) ,State Plana Coordtnota 4' NliO a3 (10) State Plana Coordinate Syr4sm r ealfBn9 98 eiwation Eiovotions band an N.C.V.O 19$9 Ootum f Mork No,: K -273 bov le -lion: htonurrntotlortt A "eat SPale Or P.x. Nap, oa noted 3.907 (d"tfoyed) / 1 2 / ' 2r + found y p � -LS. No. 2749 AbbrovlaVo Id. ^ w F � or -Mtly � - aerhaad P. Plot p,�- I w F%o Crete E7watbn R• 0f/iotol Record. Sac. - TO ooh C 8. - Coma Block « RJR, Romp,lp C.B.S.- Concrete Block Stucco 9ge. - Not to seal. Gov . - Covered N.TS.- N - Cea na E t7evotlo d - Electrical Pup Boa Bench Marie P.B. Plot OE' Electrical Mon Mole Book M pp ppPeegqt . .': Eiaeplc 1� - Run a'ay light Tel. - Telephone & - Hoch. oontroi Uou+u , C.8. - Catch Bo.in Field hark Performad on: 12/30/97 thru 1 /la /96 Monroe County Marathon Alrport, Marathon, Sheet 1 0l Florida Sketch to accompany Legal Descri tlan D - No.: FREDERICK H. Seale: 1 0 3.200 , Ref. F an Flood Pel No. HILDEHRANDT 98-4,37-01 EM("MR PL SURVEI'OR Isz -1 Dols. 1 /28/98 Flood Zone: Dsm. • F.H.N. Mond Elev. 3130 N- thstda pnve Ng AND OR AOORtONS s a 90: N or location Suite 101 wool, f1. 33040 S xay I aa. { 03) 2 U t . LEGAL DESCRIPTION (LEASE AREA); A portion of land located at 4lorathon Airport, and being o part of Section 1, Township 66 South, Range 32 East, Key Voco, Monroe County, Florida and being more part,cu arty described as follows; COMMENCING at a N.O.S. Horizontol control monument stamped MTHC 1989. and whose Flonde State Plane Coordinates ore N 142029.09 and E 638059.76 (1983/90); thence N 67'29'51" L for 2473.09 feet to the Point of Beginning ( N 142975.60. E 640344 55 ); thence N ! I 67'2234" E along the edge of on asphalt surface for 1347.96 feet ( N 143494.14, E 641588.79 ); thence S 22'39'52' E and olong the edge of on asphalt surface for 252.91 1 feet to a chain link fence ( N 143260.76, E 64168624); thence S 67'23'40" w and along the said chain link fence for 1348.46 feet ( N 142742.43, E 640441.38 ); thence N 22'33'05" W and along an edge of a asphalt surface for 252.48 feet to the Point of Beginning. Containing 340,679.56 Square Feet or 7.82 Acres, more or less. C ERTIFICATION: I HEREBY CERTIFY that the attached Sketch to occompp Leq ,QeacripGon is true and correct to the boo of my knowledge and bel£rf; tfsat T meats the minimum technical standards adopted the Flarido Board of Land Surveyors, Chapter 51017-6. Florid St ute ction 472 7, and the American Land Title Association, and that ther or n ibis encr hments unless shown hereon. DE ICK H. HILD ' DT Professional land Su or No. 2749 Professional Engineer No. 36810 State of Florida NOT VALID UNLESS EMBOSSED WITH RAISED SEAL dt SIGNATURE Sheet 2 of 2 Monroe County Marathon Airport, Marathon, Florida Sketch to accompany Legal own Nc.: FREDERICK H. HILDEBRANDT Description 98- 437 -01 EMNEER KANNER SURMIDR Seeles I "VA200� Ret. Flood panel No. 132..1 Own. P.N.M. Dotat 1 flood Vev. 3150 NcAnstde ON.. Suite 101 REVISIONS AND/OR ADDITIONS Key West, Fl. 33o4o 4a: Hon er location 1305) 243 -04os ox. (305) 293 -0237 a r y� r �o r r t r 1 t t ' t •. t t t t t . t r � r f , 3 t,t t 1 • 4, � .1 t r o o J0 1 1 W l � Of 0 s'F 1 1 t' 1 N '� 1 Lu �' 't'� 11 ••• .• v it .. r (�/� � i : : �:�+ r . .:..• . fi r •.• : : .� i •r �:.:• :•:,t .• .•.... • •I�";'S ,.STS, Z t t , t , , , r N .. 1 • � f t � � to 1.'Jt woo 4KI J am" 1 � , '' i try •. w v :►- I W ! t k EXHIBIT AI � v ' z r• a W 2 W . CL uj -j W ui I P y W � 4 j LU U F I I , I W W I g N <p� n M W i• 1 a :s: x a. • I' , I ,I•.I I I r( I ( t I ( ~I f I li ji i' I • • I ho