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ASSIGNMENT OF CONTRACT

This agreement is Garrett Stutzman (“Assignor”), and Max Rosenblum (“Assignee”).  The Assignor and Assignee, when mentioned together may be referred to as Parties.  
A.	Assignor has entered into an agreement to purchase real estate with Jay Harris and Shana Reese on (“Contract” or “Underlying Transaction”). The Contract is attached hereto as Exhibit “A.” Under the Contract, the Assignor has certain rights in the property commonly known as:

      and which is legally described as: 
Legal Description: Lot 22, less the East 7 feet, and Lot 23, less the East 7 feet, Block 20, DREAMWORLD, according to the Plat thereof on file in the Office of the Clerk of the Circuit Court in and for Seminole County, Florida, recorded in Plat Book 3, Pages 90 and 91, said lands situate lying and being in Seminole County, Florida.
Assignor wants to assign the rights that he acquired under the Contract to Assignee.  
TERMS AND CONDITIONS
The parties agree to the following terms and conditions:
1.	Assignor assigns all rights that he acquired under the Contract to Assignee.
2.	Assignee accepts all terms and conditions of the Contract.  Assignee has reviewed the Contract, which is attached hereto as Exhibit “A.”  Assignee fully understands the terms and conditions in the Contract and represents to Assignor that it is willing and able to close the Underlying Transaction.
3.	Assignee will deliver to Assignor a cashier’s check, money, or wire transfer as a deposit in the amount of $5,000 as the initial deposit on this transaction. This Assignment is not effective until the deposit is paid and both Parties sign the Assignment.  
4.	Assignee will pay Assignor a total assignment fee of $15,000.  This amount includes the deposit listed in paragraph 3.  This fee will be paid at closing of the Underlying Transaction. 
5.	At Closing the Assignor will receive $15,000 of the assignment fees. 
6.	The assignment fee will be added to the purchase price identified in the Contract. The total amounts owed by Assignee are as follows:
$55,000                         Purchase price in Underlying Transaction
$15,000		            Assignment Fee
($5,000)                        Minus Deposit
$ 70,000                        Total Due at Closing by Assignee
7.	Assignee must close the Underlying Transaction on or before September 12, 2022, at 5:00 p.m.  Time is of the essences and Assignor will be harmed if Assignee fails to timely close.  Assignor will select the closing agent.
8.	If Assignee fails to close the Underlying Transaction by the date indicated in paragraph 7, Assignee will forfeit its deposit and all rights to the Property under the Contract will automatically revert back to Assignor.
9.	If the Assignee attempts to communicate to the sellers in any form it will immediately terminate this agreement and forfeit their deposit for liquidated damages
10.	Assignor must deliver clear title at closing.  If clear title cannot be given, then this Assignment will be canceled and the deposit will be refunded to Assignee.
11.	Assignee will not contact the Seller identified in the Contract.  Assignee agrees to communicate solely with and through Assignor. 
12.	Assignor may at any time before closing renegotiate the underlying purchase price in the Contract with the original seller.  Assignor is entitled to the entire difference between the Contract purchase price and this Assignment.  The difference, if any, will be paid as an additional assignment fee at closing.  Assignor’s negotiation of the purchase price will not affect the Total Due at Closing by Assignee. 
13.	The Property is sold as is.  Assignor makes no representation of the Property condition.  This includes permitting, major structures, foundations, occupancy, mold, and any other property defect.  Assignee must do their own due diligence.  Assignee acknowledges that they are not relying on any representation of the condition of the Property by Assignor and Assignee has willfully agreed to assume all risks related to the condition of the Property. 
14.	This agreement is null and void if a deposit of ($5,000) is NOT received on or before September 1, 2022 at 5:00 p.m. 

Date:___________________________________

ASSIGNOR: ____________________________


SIGNATURE: ___________________________

	
Date:____________________________________

ASSIGNEE: ______________________________


SIGNATURE: ____________________________