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Conflict Waiver B OCA R ATON 301 S OUTH B RONOUGH S TREET F ORT L AUDERDALE S UITE 600 F ORT M YERS P OST O FFICE B OX 11189 (32302-3189) G AINESVILLE T ALLAHASSEE, F LORIDA 32301 J ACKSONVILLE TEL 850-577-9090 FAX 850-577-3311 K EY W EST Dean Cannon gray-robinson.com L AKELAND President and CEO M ELBOURNE Dean.Cannon@Gray-Robinson.com M IAMI N APLES O RLANDO T ALLAHASSEE T AMPA April 22, 2022 W ASHINGTON, DC W EST P ALM B EACH Robert Shillinger Monroe County Attorney 1111 12th St. Suite 408 Key West, FL 33040 Reference: conflict waiver Dear Bob: This letter is written to Monroe County, Florida (the "County") to discuss the applicability of and our obligation to consult with the County regarding Rule 4-1.7 of the Rules Regulating The Florida Bar concerning conflicts of interest. Gray Robinson P.A. Robinson) currently provides ongoing legal representation to the County in connection with ROGO litigation. Gray Robinson also serves as underwriter's counsel to BofA Securities, Inc. Gray Robinson understands that BOA has been selected as the senior manager of an underwriting syndicate comprised of BOA and PNC Bank, National Association ("PNC") for the Concourse A and Terminal Improvements program at Key West International Airport. Gray Robinson anticipates that it will act as underwriter's counsel on behalf of BOA in connection with the County's issuance of municipal bonds (the "Bond Transaction") and that county staff, the bond counsel, disclosure counsel, financial consultant and the County Attorneys Office will be providing services to the county in connection with the Bond Transaction. Rule 4-1.7 prohibits a lawyer from representing a client if the lawyer's exercise of independent professional judgment in the representation of that client may be materially limited by the lawyer's responsibilities to another client or to a third person or by the lawyer's own interest. Rule 4-1.7 further directs that a lawyer shall not represent a client if the representation of that client will be directly adverse to the interests of another client, unless: (i) the lawyer reasonably believes them representation will not adversely affect the lawyer's responsibilities to and relationship with the other client, and (ii) each client consents after consultation. We do not believe that our representation of either party in the subject transaction will adversely affect our responsibilities to and relationship with the other client. We are unable to undertake representation of BOA in connection with the Bond Transaction without the consent of BOA and the County. Accordingly, we request that the County waive any conflict of interest arising from our representation of BOA in connection with the Bond Transaction. G RAY R OBINSON P ROFESSIONAL A SSOCIATION Page 2 We understand that the waiver granted by the County is subject to the agreement that our firm will not (a) use any information gained in our firm's current or prior representation of County to the detriment of the County or any of its affiliates, or (b) represent or advise BOA with respect to (i) any dispute, claim, or litigation against the County or any of its affiliates, or (ii) any proceeding in which BOA has an adverse interest to the County or any of its affiliates. We will advise BOA of the matters contained herein. This letter is being sent to you electronically (scanned .pdf file). If the foregoing is acceptable, please sign and return a copy to me. We appreciate your consideration and Best regards, Dean Cannon RDC/ldm Accepted this 22nd day of April, 2022. MONROE COUNTY, FLORIDA Ejhjubmmz!tjhofe!cz!Spcfsu!C/!Tijmmjohfs! EO;!do>Spcfsu!C/!Tijmmjohfs-!p>Npospf!Dpvouz!CPDD-! pv>Npospf!Dpvouz!Buupsofz-!fnbjm>tijmmjohfs. Spcfsu!C/!Tijmmjohfs cpcAnpospfdpvouz.gm/hpw-!d>VT! Ebuf;!3133/15/33!22;54;68!.15(11( By:_____________________________ Name: Robert B. Shillinger, Jr. Title: County Attorney