Atlantic County Document Summary Sheet ATLANTIC COUNTY CLERK 5901 MAIN ST MAYS LANDING, NJ 08330 Return Name and Address Pacifico S. Agnellini, Esquire Brownstein Hyatt Farber Schreck LLP 707 White Horse Pike, Suite C-5 Absecon, New Jersey 08201 COUNTY: NJ Eowh?? P. nt?EiTIEhHr CDUHTT CLERK RCPT l??ita? REED BY Theresa REC FEES $30.00 RECORDED ?9f36f231i 12:55:?? PH INST 2&1?0535?o Official Use Only Submitting Company TEN RE ACNJ LLC Document Date 08/31/2017 ?a Document Type Em (canoe-n"; OT No. of Pages of the Original Signed Document (including the cover sheet) 3" [0 Consideration Amount (if applicable) $0.00 First Party (Grantor or Mortgogor or Assignor) (Enter up to five names} {Last Name; First Name Middie initial, Su?ix) Name 5 {or Company Name as written) Address (Oprionoi) Polo North Country Club, Inc. Second Party (Grantee or Mortgagee or Assignee} {Enter up to?ve names) (Last Name, First None Middie initial, Su??ix) Name 5 (or Company Name as written) Address (Optional) TEN RE ACNJ LLC Reference Information {Enter up to three entries) Municipality Block Lot Qualifier Property Address Parcel Information Atlantic City 62 1 500 8; 601 Boardwalk Atl (Enter Up to three entries) Atlantic City 68 3.02 fna 3 117 50. Massachusetts A Book Type Book Beginning Page Instrument No. Recorded! Fi le Date NOT REMOVE THIS DOCUMENT SUMMARY SHEET (COVER SHEET) IS PART OF ATLANTIC COUNTY FILING RECORD. RETAIN THIS PAGE FOR FUTURE REFERENCE. Book14311 Page 1 of 6 WHEN RECORDED MAIL TO: BROWNSTEIN HY ATT FARBER SCHRECK, LLP Absecon Professional Center 707 White Horse Pike, Suite C-S Atlantic City, New Jersey 08201 Attention: Paul M. O?Gara MEMORANDUM OF CONTRACT This Memorandum of Contract is made as of August 2L, 2017. 1. P010 North Country Club, Inc., a Florida corporation, and Ten RE ACNJ, LLC, a New Jersey limited liability company, are parties to a Purchase and Sale Agreement, with respect to the purchase and sale of the real property located at 500 and 601 Boardwalk, Atlantic City, New Jersey, and 117 South Massachusetts Avenue, Atlantic City, New Jersey, all as more particularly described on Exhibit A attached hereto and incorporated herein by this reference, together with all improvements located thereon. 2. All contracts, leases or other agreements shall be unenforceable unless and until they are signed by Polo North Country Club, Inc. OF PAGE IN TEN TIONALLY LEFT PAGE Ebok14311 Page 2 of 6 EXHIBIT A TO MEMORANDUM OF CONTRACT LEGAL DESCRIPTION ALL that tract or parcel of land and premises, situate, lying and being in the City of Atlantic City, County of Atlantic and State of New Jersey, more particularly described as follows: CASINO PARCEL (BLOCK 62, LOT 1, IBLDG and 2): DESCRIBED IN ACCORDANCE WITH A SURVEY PREPARED BY ARTHUR W. PONZIO CO. ASSOCIATES, INC. DATED NOVEMBER 18, 2010 AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE SOUTHERLY LINE OF ORIENTAL AVENUE (72' AS WIDENED 12' ON ITS NORTHERLY SIDE) WITH THE EASTERLY LINE OF NEW JERSEY AVENUE (50' WIDE), AND EXTENDING FROM SAID BEGINNING THENCE 1. NORTH 62 DEGREES, 32 MINUTES, 00 SECONDS EAST IN AND ALONG THE SOUTHERLY LINE OF ORIENTAL AVENUE 960.00 FEET TO THE WESTERLY LINE OF METROPOLITAN THENCE SOUTH 27 DEGREES, 28 MINUTES, 00 SECONDS EAST IN AND ALONG SAME 875.00 FEET TO THE INLAND OR INTERIOR LINE OF PUBLIC PARK (THE BOARDWALK) (60' THENCE SOUTH 62 DEGREES, 32 MINUTES, 00 SECONDS WEST IN AND ALONG SAME, PARALLEL WITH PACIFIC AVENUE 535.00 FEET TO A POINT OF THENCE SOUTHWESTWARDLY CONTINUING IN AND ALONG THE INLAND OR INTERIOR LINE OF PUBLIC PARK IN THE ARC OR A CIRCLE CURVING TO THE LEFT, HAVING A RADIUS OF 687.845 FEET, AN ARC LENGTH OF 99.82 FEET TO A POINT OF THENCE SOUTH 54 DEGREES, 13 MINUTES, 06 SECONDS WEST STILL IN AND ALONG THE INLAND OR INTERIOR LINE OF PUBLIC PARK 328.99 FEET TO THE WESTERLY LINE OF NEW JERSEY THENCE NORTH 27 DEGREES, 28 MINUTES, 00 SECONDS IN AND ALONG SAME 929.81 FEET TO THE POINT AND PLACE OF BEGINNING. Note for Information: Being known and designated as Tax Lot 1, I BLDG. 2 in Block 62 on the Tax Map of the City of Atlantic City, County of Atlantic, State of New Jersey. Note for Information: Being commonly known as 500 601 Boardwalk, Atlantic City, New Book14311 Jersey. PageiBof6 CENTRAL UTILITY PLANT PARCEL (BLOCK 68, LOT 3.02 LOT 3: BEGINNING AT-A POINT IN THE INTERSECTION OF THE WESTERLY LINE OF METROPOLITAN AVENUE (30.00' WIDE) AND THE NORTHERLY LINE OF ORIENTAL AVENUE (60.00? WIDE) AND THENCE: 1. 10. SOUTH 62 DEGREES, 32 MINUTES 00 SECONDS WEST IN AND ALONG THE NORTHERLY LINE OF ORIENTAL AVENUE A DISTANCE OF 160.00 FEET TO A POINT IN THE EAST LINE OF MASSACHUSETTS THENCE NORTH 27 DEGREES, 28 MINUTES, 00 SECONDS WEST IN AND ALONG SAME A DISTANCE OF 280.00 FEET TO A THENCE NORTH 62 DEGREES, 32 MINUTES, 00 SECONDS EAST PARALLEL WITH ORIENTAL AVENUE A DISTANCE OF 95.00 FEET TO A THENCE SOUTH 27 DEGREES, 28 MINUTES, 00 SECONDS EAST IN AND ALONG SAME A DISTANCE OF 20.00 FEET TO A THENCE SOUTH 62 DEGREES, 32 MINUTES, 00 SECONDS WEST PARALLEL WITH ORIENTAL AVENUE A DISTANCE OF 5.00 FEET TO A THENCE SOUTH 27 DEGREES, 28 MINUTES. 00 SECONDS EAST PARALLEL WITH METROPOLITAN AVENUE A DISTANCE OF 60.00 FEET TO THE NORTHERLY LINE OF LOT 7; THENCE NORTH 62 DEGREES, 32 MINUTES 00 SECONDS EAST IN AND ALONG SAME A DISTANCE OF 10.00 FEET TO THE CORNER OF A 3" 60" STRIP OF LAND (LOT SOUTH 27 DEGREES, 28 MINUTES, 00 SECONDS EAST PARALLEL WITH THE METROPOLITAN AVENUE A DISTANCE OF 0.25 FEET TO THE NORTHERLY LINE OF LOT 13; THENCE NORTH 62 DEGREES, 32 MINUTES, 00 SECONDS EAST IN AND ALONG SAME A DISTANCE OF 60.00 FEET TO A POINT IN THE WEST LINE OF METROPOLITAN THENCE SOUTH 27 DEGREES, 28 MINUTES, 00 SECONDS EAST IN AND ALONG SAME A DISTANCE OF 199.75 FEET TO A POINT AND PLACE OF BEGINNING. EXCEPTING FROM THE ABOVE A PARCEL CONVEYED TO CASINO REINVESTMENT DEVELOPMENT AUTHORITY, IN DEED BOOK 1128, INSTRUMENT NO. 2010020400 (ABOUT TO BE KNOWN AS BLOCK 68, LOT 3 .01) AND DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN THE EASTERLY LINE OF MASSACHUSETTS AVENUE, SAID POINT BEING 280.00 FEET NORTHERLY FROM THE INTERSECTION OF SAME WITH THE NORTHERLY LINE OF ORIENTAL AVENUE AND RUNNING THENCE: 15873635 Book14311 Page 4 of 6 a 1 . a 1. NORTH 62 DEGREES, 32 MINUTES, 00 SECONDS EAST 18.00 FEET TO A THENCE 2. SOUTH 27 DEGREES, 28 MINUTES, 00 SECONDS WEST 280.00 FEET TO A THENCE 3. SOUTH 62 DEGREES, 32 MINUTES, 00 SECONDS WEST 18.00 FEET TO A THENCE 4. NORTH 27 DEGREES, 28 MINUTES, 00 SECONDS EAST 280.00 FEET TO THE POINT AND PLACE OF Note for Information: Being known and designated as Tax 3.02 in Block 68 on the Tax Map of the City of Atlantic City, County of Atlantic, State of New Jersey. Note for Information: Being commonly known as 1 17 South Massachusetts Avenue, Atlantic City, New Jersey 15373536 Book14311 Page 5 of 6 TEN RE ACNJ, LLC By: MILE I-IIGH DICE MGR, LLC, a Colorado its Manage By: :Bruce Dei?k, its-Manager STATE OF COLORADO COUNTY OF DENVER [certify that on personally came before me, Bruce Dei?k, in his capacity as Manager Of Mile 'High Dice MGR, LLC, a Colorado limited liability company, in its capacity as the Manager of Ten RE ACNJ, LLC, a New Jersey limited liability company, and stated to my satisfaction that he was the maker of the foregoing instrument and was authorized to and did execute said instrument. NOTARY PUBLIC: seal KIMBERLY BECK WLL NOTARY PUBLIC Printed Name: umber [vi em; STATE OF COLORADO NOTARY ID 20164021838 MY JUNE as, 2020 Page 6 Of 6