Broward County Uses in Jurisdiction Clause

Jurisdiction from Convertible Promissory Note

FOR VALUE RECEIVED, Dania Entertainment, LLC, a Delaware limited liability company (the Company), promises to pay to Lakes Florida Development, LLC, a Minnesota limited liability company (the Holder), the principal sum of Four Million Dollars ($4,000,000.00), in lawful money of the United States of America, together with interest thereon as, and under the conditions, set forth herein. This Convertible Promissory Note (this Note) is subject to the following terms and conditions:

Jurisdiction. Lender hereby waives any plea of jurisdiction or venue as not having its principal place of business in Broward County, Florida, and hereby specifically authorizes any action brought upon the enforcement of this Note by Lender to be instituted and prosecuted in the state of Federal courts located in Broward County, Florida.