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f WAIVER AND ACKNOWLEDGMENT (LA Dodgers Spring Training Facility) Indian River County, Florida (the "County") has entered into (a) a Memorandum of Understanding (the "MOU"), dated July 24, 2000, by and among the County, the City of Vero Beach, Florida, a municipal corporation (the "City"), Los Angeles Dodgers, Inc., a Delaware corporation, the owner of record of the Land (the"Dodgers"), Fox Baseball Holdings Incorporated, a Delaware corporation, ("Fox") and de Guardiola Development, Inc., a Florida corporation (the "Developer") and (b) a Document Escrow Agreement dated September 1, 2000, by and between the County, the City, the Dodgers, Fox, the Developer and Bryant, Miller and Olive, P.A., a Florida professional corporation (the "Agent"), as amended by the parties thereto by the Agreement to Extend Escrow dated May 15, 2001 (collectively, the "Document Escrow Agreement"). The undersigned hereby certifies as to the following: (i) all conditions and prior performance requirements under the Memorandum of Understanding and the Document Escrow Agreement, or any other documentation facilitating the transactions contemplated thereby, have been satisfied or waived by the other parties to the MOU and the Document Escrow Agreement and any conditions to the County's performance under the MOU and the Document Escrow Agreement have been satisfied or are hereby waived, (ii) any conditions or objections to the closing on the acquisition of the land by the County under the County Agreement for Sale and Purchase (as defined in the Document Escrow Agreement)have been satisfied or are hereby waived, and (iii) the County agrees that it will proceed with the issuance of its Bonds in anticipation of a closing on the acquisition of the Land or before August 31, 2001 or such later date as may be required to coincide with the closing on the County's bonds. However, no provision of this Waiver and Acknowledgment is intended to impair the county's authority, as the governing authority in whose jurisdiction the contemplated development is located, to enforce the pertinent provisions of its Code of Ordinances. The County specifically reserves its right to require adherence to that Code's applicable text. This Waiver and Acknowledgment is hereby executed this day of August, 2001. [Seal] INDIAN RIVER COUNTY, FLORIDA Date: By: Its: Attest: