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SOLOSER LLC. 18101 Collins Avenue — 31st Floor Sunny Isles Beach, Florida 33160 Phone: (305)932-1000 Fax: (305) 705-9948 June 25, 2013 SENT VIA HAND DELIVERY Hans Ottinot City Attorney City of Sunny Isles Beach • 18070 Collins Avenue Sunny Isles Beach, FL 33160 Re: Extension of Building Permit Mansiana Ocean Residences, LLC. 15701 Collins Avenue, Sunny Isles Beach, FL Dear Mr. Ottinot: Thank you for your letter dated June 21, 2013 to the undersigned acknowledging and confirming that Soloser LLC ("Soloser") acquired the "Bundled Rights" rights as a result of the transfer and assignment of the title and_interests of Mercantil Commerce Bank, N.A. ("Commerce Bank") in that certain Note and Mortgage held by Commerce Bank secured by the real and personal property of Mansiana Ocean Residences, LLC("Mansiana"). By Agreed Court Order dated August 1, 2011 and City of Sunny Isles Beach ("City")Resolution No 2011-1768 which was passed and adopted on September 15, 2011, the City agreed to and did in fact extend the building permit(s) issued to Mansiana for a period ending August 28, 2013. I am attaching hereto an executed and acknowledged copy of the (6/21/13) letter per your request. Soloser, as assignee of the Bundled Rights does hereby request from the City an extension of the building permit(s)for a period of twenty four(24) months from the current expiration date of August 28, 2013 to permit Soloser to avail itself of the rights and obligations incident to the building permit(s). In support thereof, I am attaching an executed letter setting forth the justification in support of the extension as a result of the passage of HB 7019 (a copy of which is attached hereto). This extension is timely made and permitted under state law for unexpired building permits. EXHIBIT "A"