EXHIBIT
10.13


 





 


Vacant Land Contract


		1.	Sale and Purchase (“Contract”): CBL,
LLC



(“Seller”) and TWIN VEE CO. / TWIN VEE
POWERCATS CO.


(“Buyer”)(“the
parties”) agree to sell and buy on the terms and conditions specified below the property (“Property”) described as:


Address: 6105 St. Lucie Blvd., Fort
Pierce, FL 34946


Legal Description: 36 34 39 N 15 AC
OF NE 1/4 OF NE1/4-LESS RD AND CANAL RS/W- AND E 202.18 FT OF S 467.62 FT OF N 509.34 FT OF NW 1


Parcel ID # 1336-111-0003-000-7


__________________________________________________________________________________________


________________________________________________________________________________________


SEC 06 / TWP / 34 / RNG 39 of St. Lucie
County, County Florida. Real Property ID No: 1336-111-0003-000-7


including all improvements existing
on the Property and the following additional property: ___________


_________________________________________________________________________________


		2.	Purchase Price: (U.S. currency) $ 750,000.00



All deposits will be made payable to “Escrow Agent”
named below and held in escrow by:


Escrow Agent’s Name: Curtis Shenkman, PA Escrow &
Title


Escrow Agent’s Contact Person: Curtis Shenkman, PA


Escrow Agent’s Address: 4400 PGA Blvd., Suite 300,
Palm Beach Gardens, FL 33410


Escrow Agent’s Phone: (561) 822-3939


Escrow Agent’s Email: Curtis@palmbeachlawyer.law


		(a)	Initial deposit ($0 if left black) (Check if applicable)



☐
accompanies offer


☐
will be delivered to Escrow Agent within ______ days (3 days if left blank)


after Effective Date $ 0.00


		(b)	Additional deposit will be delivered to Escrow Agent (Check
if applicable)



☐
within _____ days (10 days if left blank) after Effective Date


☒
within 3 days (3 days if left blank) after expiration of Due Diligence Period
$ 50,000.00


		(c)	Total Financing (see Paragraph 6) (express as a dollar amount
or percentage) $ 0.00



		(d)	Other: $ 0.00



		(e)	Balance to close (not including Buyer’s closing costs,
prepaid items, and prorations)



to be paid
at closing by wire transfer or other Collected funds $ 700,000.00


		(f)	☐ (Complete
only if purchase price will be determined based on a per unit cost instead of a fixed price.) The



unit
used to determine the purchase price is ☐ lot
☐ acre
☐ square
foot ☐ other
(specify): ____________


prorating areas of less than a full unit. The purchase
price will be $________________ per unit based on a


calculation of total area of the Property as certified
to Seller and Buyer by a Florida licensed surveyor in


accordance with Paragraph 8(c). The following rights of
way and other areas will be excluded from the


calculation:____________________________________________________________________________


		3.	Time for Acceptance; Effective Date: Unless this
offer is signed by Seller and Buyer and an executed copy



delivered to all parties on or before 10/08/2021, this offer
will be withdrawn and Buyer’s deposit, if


any, will be returned. The time for acceptance of any counter-offer
will be 3 days after the date the counter-offer is delivered. The “Effective Date” of this Contract is the date on which
the last one of the Seller and Buyer


has signed or initialed and delivered this offer or the
final counter-offer.


		4.	Closing Date: This transaction will close on or before
220 days (“Closing Date”), unless specifically



extended by other provisions of this Contract. The Closing
Date will prevail over all other time periods including,


but not limited to, Financing and Due Diligence periods.
However, if the Closing Date occurs on a Saturday,


Sunday, or national legal holiday, it will extend to 5:00
p.m. (where the Property is located) of the next business


day. In the event insurance underwriting is suspended on
Closing Date and Buyer is unable to obtain property


insurance, Buyer may postpone closing for up to 5 days after
the insurance underwriting suspension is lifted. If


this transaction does not close for any reason, Buyer will
immediately return all Seller provided documents and


other items.


		5.	Extension of Closing Date: If Paragraph 6(b) is checked
and Closing Funds from Buyer’s lender(s) are not available on Closing Date due to Consumer Financial Protection Bureau Closing Disclosure
delivery requirements



(“CFPB Requirements), if applicable, then Closing
Date shall be extended for such period 53 necessary to satisfy


CFPB Requirements, provided such period shall not exceed
10 days




    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 1 of 8 pages.


     


    

		6.	Financing: (Check as applicable)



		(a)	☒ Buyer
will pay cash for the Property with no financing contingency.



		(b)	☒ This
Contract is contingent on Buyer qualifying for and obtaining the commitment(s) or approval(s)



specified below (“Financing”) within ______
days after Effective Date (Closing Date or 30 days after Effective


Date, whichever occurs first, if left blank) (“Financing
Period”). Buyer will apply for Financing within ______


days after Effective Date (5 days if left blank) and will
timely provide any and all credit, employment, financial,


and other information required by the lender. If Buyer,
after using diligence and good faith, cannot obtain the


Financing within the Financing Period, either party may
terminate this Contract and Buyer’s deposit(s) will be


returned.


		(1)	☐ New
Financing: Buyer will secure a commitment for new third party financing for $ ______________



or
______% of the purchase price at (Check one) ☐
a fixed rate not exceeding ______% ☐
an


adjustable interest rate not exceeding ______% at origination
(a fixed rate at the prevailing interest rate


based on Buyer’s creditworthiness if neither
choice is selected). Buyer will keep Seller and Broker fully


informed of the loan application status and progress and authorizes
the lender or mortgage broker to


disclose all such information to Seller and Broker.


		(2)	☐ Seller
Financing: Buyer will execute a ☐
first ☐
second purchase money note and mortgage to



Seller in the amount of $________________, bearing annual
interest at ______% and payable as follows:


___________________________________________________________________________________


The mortgage, note, and any security agreement will be in
a form acceptable to Seller and will follow


forms generally accepted in the county where the Property
is located; will provide for a late payment fee


and acceleration at the mortgagee’s option if Buyer
defaults; will give Buyer the right to prepay without


penalty all or part of the principal at any time(s) with interest
only to date of payment; will be due on


conveyance or sale; will provide for release of contiguous
parcels, if applicable; and will require Buyer to


keep liability insurance on the Property, with Seller
as additional named insured. Buyer authorizes Seller


to obtain credit, employment, and other necessary information
to determine creditworthiness for the


financing. Seller will, within 10 days after Effective Date,
give Buyer written notice of whether or not Seller will make the loan.


		(3)	☐ Mortgage
Assumption: Buyer will take title subject to and assume and pay existing first mortgage to



___________________________________________________________________________________


LN#____________________ in the approximate amount of $________________
currently payable at


$_______________
per month, including principal, interest, ☐ taxes
and insurance, and having a


☐
fixed ☐
other (describe) _____________________________________________________________


interest
rate of ______% which ☐ will
☐ will
not escalate upon assumption. Any variance in the mortgage


will be adjusted in the balance due at closing with no adjustment
to purchase price. Buyer will purchase


Seller’s escrow account dollar for dollar. If
the interest rate upon transfer exceeds ______% or the


assumption/transfer fee exceeds $________________, either
party may elect to pay the excess, failing


which this Contract will terminate; and Buyer’s
deposit(s) will be returned. If the lender disapproves


Buyer, this Contract will terminate; and Buyer’s
deposit(s) will be returned.


		7.	Assignability: (Check one) Buyer ☐
may assign and thereby be released from any further liability
under this



Contract,
☒ may
assign but not be released from liability under this Contract, or ☐
may not assign this Contract.


		8.	Title: Seller has the legal capacity to and will
convey marketable title to the Property by ☐
statutory warranty



deed
☒ special
warranty deed ☐ other
(specify) ______________________________, free of liens, easements,


and encumbrances of record or known to Seller, but
subject to property taxes for the year of closing; covenants,


restrictions, and public utility easements of record; existing
zoning and governmental regulations; and (list any


other matters to which title will be subject) ________________________________________________________,


provided there exists at closing no violation of the foregoing.


		(a)	Title Evidence: The party who pays for the owner’s
title insurance policy will select the closing agent and pay



for the title search, including tax and lien search (including
municipal lien search) if performed, and all other


fees charged by closing agent. Seller will deliver to Buyer,
at


(Check
one) ☐ Seller’s
☒ Buyer’s
expense and


(Check
one) ☐ within
60 days after Effective Date ☐ at
least ______ days before Closing Date,


(Check one)


		(1)	☒ a
title insurance commitment by a Florida licensed title insurer setting forth those matters to be



discharged by Seller at or before closing and, upon Buyer
recording the deed, an owner’s policy in the


amount of the purchase price for fee simple title subject
only to the exceptions stated above. If Buyer is


paying for the owner’s title insurance policy and Seller
has an owner’s policy, Seller will deliver a copy to


Buyer within 15 days after Effective Date.




    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 2 of 8 pages.


     


    

		(2)	☐ an
abstract of title, prepared or brought current by an existing abstract firm or certified as correct by an



existing firm. However, if such an abstract is not available
to Seller, then a prior owner’s title policy


acceptable to the proposed insurer as a base for reissuance
of coverage may be used. The prior policy will


include copies of all policy exceptions and an update in a
format acceptable to Buyer from the policy


effective date and certified to Buyer or Buyer’s
closing agent together with copies of all documents


recited in the prior policy and in the update. If such an
abstract or prior policy is not available to Seller,


then (1) above will be the title evidence.


		(b)	Title Examination: After receipt of the title evidence,
Buyer will, within 10 days (10 days if left blank) but



no later than Closing Date, deliver written notice to Seller
of title defects. Title will be deemed acceptable to


Buyer if (i) Buyer fails to deliver proper
notice of defects or (ii) Buyer delivers proper written notice and Seller


cures the defects within 30 days (30 days if left blank)
(“Cure Period”) after receipt of the notice. If the


defects are cured within the Cure Period, closing will
occur within 10 days after receipt by Buyer of notice of


such cure. Seller may elect not to cure defects
if Seller reasonably believes any defect cannot be cured within


the Cure Period. If the defects are not cured within the
Cure Period, Buyer will have 10 days after receipt of


notice of Seller’s inability to cure the defects
to elect whether to terminate this Contract or accept title subject


to existing defects and close the transaction without reduction
in purchase price.


		(c)	Survey: Buyer may, at Buyer’s expense,
have the Property surveyed and must deliver written notice to



Seller, within 5 days after receiving survey but
not later than 5 days before Closing Date, of any


encroachments on the Property, encroachments by the Property’s
improvements on other lands, or deed


restriction or zoning violations. Any such encroachment
or violation will be treated in the same manner as a


title defect and Seller’s and Buyer’s
obligations will be determined in accordance with Paragraph 8(b).


		(d)	Ingress and Egress: Seller warrants that the
Property presently has ingress and egress.



		9.	Property Condition: Seller will deliver the Property
to Buyer at closing in its present “as is” condition, with



conditions resulting from Buyer’s Inspections
and casualty damage, if any, excepted. Seller will not engage in or


permit any activity that would materially alter the Property’s
condition without the Buyer’s prior written consent.


		(a)	Inspections: (Check (1) or (2))



		(1)	☒ Due
Diligence Period: Buyer will, at Buyer’s
expense and within 60 days (30 days if left blank)



(“Due Diligence Period”) after Effective Date
and in Buyer’s sole and absolute discretion, determine


whether the Property is suitable for Buyer’s
intended use. During the Due Diligence Period, Buyer may


conduct a Phase 1 environmental assessment and any other tests,
analyses, surveys, and investigations


(“Inspections”) that Buyer deems necessary
to determine to Buyer’s satisfaction the Property’s


engineering, architectural, and environmental properties;
zoning and zoning restrictions; subdivision


statutes; soil and grade; availability of access to public
roads, water, and other utilities; consistency with


local, state, and regional growth management plans; availability
of permits, government approvals, and


licenses; and other inspections that Buyer deems appropriate.
If the Property must be rezoned, Buyer will


obtain the rezoning from the appropriate government agencies.
Seller will sign all documents Buyer is


required to file in connection with development or rezoning
approvals. Seller gives Buyer, its agents,


contractors, and assigns, the right to enter the Property
at any time during the Due Diligence Period for the


purpose of conducting Inspections, provided, however, that
Buyer, its agents, contractors, and assigns


enter the Property and conduct Inspections at their own risk.
Buyer will indemnify and hold Seller


harmless from losses, damages, costs, claims, and expenses
of any nature, including attorneys’ fees,


expenses, and liability incurred in application for rezoning
or related proceedings, and from liability to any


person, arising from the conduct of any and all Inspections
or any work authorized by Buyer. Buyer will


not engage in any activity that could result in a construction
lien being filed against the Property without


Seller’s prior written consent. If this transaction
does not close, Buyer will, at Buyer’s expense, (i) repair


all damages to the Property resulting from the Inspections
and return the Property to the condition it was in


before conducting the Inspections and (ii) release to Seller
all reports and other work generated as a


result of the Inspections.


Before expiration of the Due Diligence Period, Buyer
must deliver written notice to Seller of Buyer’s determination of whether or not the Property is acceptable. Buyer’s
failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended
use in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered
to Seller, this Contract will be deemed terminated, and Buyer’s deposit(s) will be returned.


		(2)	☒No
Due Diligence Period: Buyer is satisfied that the
Property is suitable for Buyer’s purposes,



including being satisfied that either public sewerage and
water are available to the Property or the


Property will be approved for the installation of a well and/or
private sewerage disposal system and that


existing zoning and other pertinent regulations and restrictions,
such as subdivision or deed restrictions,




    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 3 of 8 pages.


     


    

concurrency, growth management, and environmental conditions,
are acceptable to Buyer. This Contract


is not contingent on Buyer conducting any further investigations.


		(b)	Government Regulations: Changes in government regulations
and levels of service which affect Buyer’s



intended use of the Property will not be grounds for terminating
this Contract if the Due Diligence Period has expired or if Paragraph 9(a)(2) is selected.


		(c)	Flood Zone: Buyer is advised to verify by survey,
with the lender, and with appropriate government agencies



which flood zone the Property is in, whether flood insurance
is required, and what restrictions apply to


improving the Property and rebuilding in the event of casualty.


		(d)	Coastal Construction Control Line (“CCCL”):
If any part of the Property lies seaward of the CCCL as



defined in Section 161.053, Florida Statutes, Seller
will provide Buyer with an affidavit or survey as required


by law delineating the line’s location on the Property,
unless Buyer waives this requirement in writing. The


Property being purchased may be subject to coastal erosion
and to federal, state, or local regulations that


govern coastal property, including delineation of the CCCL,
rigid coastal protection structures, beach


nourishment, and the protection of marine turtles. Additional
information can be obtained from the Florida


Department of Environmental Protection, including whether
there are significant erosion conditions associated


with the shore line of the Property being purchased.


☒
Buyer waives the right to receive a CCCL affidavit or survey.


		10.	Closing Procedure; Costs: Closing will take place
in the county where the Property is located and may be



conducted by mail or electronic means. If title insurance
insures Buyer for title defects arising between the title


binder effective date and recording of Buyer’s
deed, closing agent will disburse at closing the net sale proceeds to


Seller (in local cashier’s check if Seller
requests in writing at least 5 days before closing) and brokerage fees to


Broker as per Paragraph 21. In addition to other expenses
provided in this Contract, Seller and Buyer will pay the


costs indicated below.


		(a)	Seller Costs: 



Taxes on deed


Recording fees for documents needed to cure title


Title evidence (if applicable under Paragraph 8)


Estoppel Fee(s)


Other: ________________________________________________________________________________


		(b)	Buyer Costs:



Taxes and recording fees on notes and mortgages


Recording fees on the deed and financing statements


Loan expenses


Title evidence (if applicable under Paragraph 8)


Lender’s title policy at the simultaneous issue rate


Inspections


Survey


Insurance


Other: ________________________________________________________________________________


		(c)	Prorations: The following items will be made current
and prorated as of the day before Closing Date: real



estate taxes (including special benefit tax liens imposed
by a CDD), interest, bonds, assessments, leases, and


other Property expenses and revenues. If taxes and assessments
for the current year cannot be determined,


the previous year’s rates will be used with adjustment
for any exemptions.


		(d)	Special Assessment by Public Body: Regarding special
assessments imposed by a public body, Seller will



pay (i) the full amount of liens that are certified, confirmed,
and ratified before closing and (ii) the amount of the


last estimate of the assessment if an improvement is substantially
completed as of Effective Date but has not


resulted in a lien before closing; and Buyer will pay all
other amounts. If special assessments may be paid in


installments,
☐ Seller
☒ Buyer
(Buyer if left blank) will pay installments due after closing. If Seller is


checked, Seller will pay the assessment in full
before or at the time of closing. Public body does not include a


Homeowners’ or Condominium Association.


		(e)	PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT
RELY ON THE SELLER’S CURRENT



PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT BUYER
MAY BE OBLIGATED TO


PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP
OR PROPERTY


IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT
COULD RESULT IN HIGHER


PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION,
CONTACT THE


COUNTY PROPERTY APPRAISER’S OFFICE FOR FURTHER INFORMATION.


		(f)	Foreign Investment in Real Property Tax Act (“FIRPTA”):
If Seller is a “foreign person” as defined by



FIRPTA, Seller and Buyer will comply with
FIRPTA, which may require Seller to provide additional cash at


closing.




    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 4 of 8 pages.


     


    

		(g)	1031 Exchange: If either Seller or Buyer
wish to enter into a like-kind exchange (either simultaneously with



closing or after) under Section 1031 of the Internal Revenue
Code (“Exchange”), the other party will cooperate


in all reasonable respects to effectuate the Exchange including
executing documents, provided, however, that


the cooperating party will incur no liability or cost related
to the Exchange and that the closing will not be


contingent upon, extended, or delayed by the Exchange.


		11.	Computation of Time: Calendar days will be used when
computing time periods, except time periods of 5 days



or less. Time periods of 5 days or less will be computed
without including Saturday, Sunday, or national legal


holidays specified in 5 U.S.C. 6103(a). Other than time
for acceptance and Effective Date as set forth in Paragraph


3, any time periods provided for or dates specified in this
Contract, whether preprinted, handwritten, typewritten or


inserted herein, which shall end or occur on a Saturday,
Sunday, or national legal holiday (see 5 U.S.C. 6103)


shall extend until 5:00 p.m. (where the Property is located)
of the next business day. Time is of the essence in


this Contract.


		12.	Risk of Loss; Eminent Domain: If any portion of the
Property is materially damaged by casualty before closing



or Seller negotiates with a governmental authority
to transfer all or part of the Property in lieu of eminent domain


proceedings or an eminent domain proceeding is initiated,
Seller will promptly inform Buyer. Either party may


terminate this Contract by written notice to the other within
10 days after Buyer’s receipt of Seller’s notification,


and Buyer’s deposit(s) will be returned, failing
which Buyer will close in accordance with this Contract and receive


all payments made by the governmental authority or insurance
company, if any.


		13.	Force Majeure: Seller or Buyer will not be
required to perform any obligation under this Contract or be liable to



each other for damages so long as the performance or non-performance
of the obligation is delayed, caused, or


prevented by an act of God or force majeure. An “act
of God or “force majeure” is defined as hurricanes,


earthquakes, floods, fire, unusual transportation delays,
wars, insurrections, and any other cause not reasonably


within the control of Seller or Buyer and
which by the exercise of due diligence the non-performing party is unable


in whole or in part to prevent or overcome. All time periods,
including Closing Date, will be extended for the period


that the act of God or force majeure is in place. However,
in the event that such act of God or force majeure event


continues beyond 30 days, either party may terminate this
Contract by delivering written notice to the other; and


Buyer’s deposit(s) will be returned.


		14.	Notices: All notices will be in writing and delivered
to the parties and Broker by mail, personal delivery, or



electronic means. Buyer’s failure to timely deliver
written notice to Seller, when such notice is required by


this Contract, regarding any contingency will render
that contingency null and void, and this Contract will


be construed as if the contingency did not exist. Any
notice, document, or item delivered to or received by


an attorney or licensee (including a transactions broker)
representing a party will be as effective as if


delivered to or received by that party.


		15.	Complete Agreement; Persons Bound: This Contract
is the entire agreement between Seller and Buyer.



Except for brokerage agreements, no prior or present agreements
will bind Seller, Buyer, or Broker unless


incorporated into this Contract. Modifications of this Contract
will not be binding unless in writing, signed or


initialed, and delivered by the party to be bound. Electronic
signatures will be acceptable and binding. This


Contract, signatures, initials, documents referenced in
this Contract, counterparts, and written modifications


communicated electronically or on paper will be acceptable
for all purposes, including delivery, and will be binding.


Handwritten or typewritten terms inserted in or attached
to this Contract prevail over preprinted terms. If any


provision of this Contract is or becomes invalid or unenforceable,
all remaining provisions will continue to be fully


effective. Seller and Buyer will use diligence
and good faith in performing all obligations under this Contract. This


Contract will not be recorded in any public record. The
terms “Seller,” “Buyer,” and “Broker” may be singular or


plural. This Contract is binding on the heirs, administrators,
executors, personal representatives, and assigns, if


permitted, of Seller, Buyer, and Broker.


		16.	Default and Dispute Resolution: This Contract will
be construed under Florida law. This Paragraph will survive



closing or termination of this Contract.


		(a)	Seller Default: If Seller fails, neglects,
or refuses to perform Seller’s obligations under this Contract, Buyer



may elect to receive a return of Buyer’s deposit(s)
without thereby waiving any action for damages resulting


from Seller’s breach and may seek to recover
such damages or seek specific performance. Seller will also be


liable for the full amount of the brokerage fee.


		(b)	Buyer Default: If Buyer fails, neglects, or
refuses to perform Buyer’s obligations under this Contract,



including payment of deposit(s), within the time(s) specified,
Seller may elect to recover and retain the


deposit(s), paid and agreed to be paid, for the account
of Seller as agreed upon liquidated damages,


consideration for execution of this Contract, and in full
settlement of any claims, whereupon Seller and Buyer


will be relieved from all further obligations under this
Contract; or Seller, at Seller’s option, may proceed in


equity to enforce Seller’s rights under this
Contract.


		17.	Attorney’s Fees; Costs: In any litigation permitted
by this Contract, the prevailing party shall be entitled to



recover from the non-prevailing party costs and fees, including
reasonable attorney’s fees, incurred in conducting




    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 5 of 8 pages.


     


    

the litigation. This Paragraph 17 shall survive Closing
or termination of this Contract.


		18.	Escrow Agent; Closing Agent: Seller and Buyer
authorize Escrow Agent and closing agent (collectively



“Agent”) to receive, deposit, and hold funds
and other items in escrow and, subject to Collection, disburse them


upon proper authorization and in accordance with Florida
law and the terms of this Contract, including disbursing


brokerage fees. “Collection” or “Collected”
means any checks tendered or received have become actually and


finally collected and deposited in the account of Agent.
The parties agree that Agent will not be liable to any person


for misdelivery of escrowed items to Seller or Buyer,
unless the misdelivery is due to Agent’s willful breach of this


Contract or gross negligence. If Agent interpleads the subject
matter of the escrow, Agent will pay the filing fees


and costs from the deposit and will recover reasonable attorneys’
fees and costs to be paid from the escrowed


funds or equivalent and charged and awarded as court costs
in favor of the prevailing party.


		19.	Professional Advice; Broker Liability: Broker advises
Seller and Buyer to verify all facts and representations



that are important to them and to consult an appropriate
professional for legal advice (for example, interpreting this


Contract, determining the effect of laws on the Property
and this transaction, status of title, foreign investor


reporting requirements, the effect of property lying partially
or totally seaward of the CCCL, etc.) and for tax,


property condition, environmental, and other specialized
advice. Buyer acknowledges that all representations


(oral, written, or otherwise) by Broker are based on Seller
representations or public records. Buyer agrees to rely


solely on Seller, professional inspectors, and government
agencies for verification of the Property


condition and facts that materially affect Property value.
Seller and Buyer respectively will pay all costs and


expenses, including reasonable attorneys’ fees at
all levels, incurred by Broker and Broker’s officers, directors,


agents, and employees in connection with or arising from
Seller’s or Buyer’s misstatement or failure to perform


contractual obligations. Seller and Buyer
hold harmless and release Broker and Broker’s officers, directors,


agents, and employees from all liability for loss or damage
based on (i) Seller’s or Buyer’s misstatement or failure


to perform contractual obligations; (ii) the use or display
of listing data by third parties, including, but not limited to,


photographs, images, graphics, video recordings, virtual
tours, drawings, written descriptions, and remarks related


to the Property; (iii) Broker’s performance, at Seller’s
or Buyer’s request, of any task beyond the scope of


services regulated by Chapter 475, Florida Statutes, as
amended, including Broker’s referral, recommendation, or


retention of any vendor; (iv) products or services provided
by any vendor; and (v) expenses incurred by any


vendor. Seller and Buyer each assume full
responsibility for selecting and compensating their respective vendors.


This Paragraph will not relieve Broker of statutory obligations.
For purposes of this Paragraph, Broker will be


treated as a party to this Contract. This Paragraph will
survive closing.


		20.	Commercial Real Estate Sales Commission Lien Act: If
the Property is commercial real estate as defined by



Section 475.701, Florida Statutes, the following disclosure
will apply: The Florida Commercial Real Estate Sales


Commission Lien Act provides that when a broker has earned
a commission by performing licensed services


under a brokerage agreement with you, the broker may claim
a lien against your net sales proceeds for the


broker’s commission. The broker’s lien rights
under the act cannot be waived before the commission is earned.


		21.	Brokers: The licensee(s) and brokerage(s) named below
are collectively referred to as “Broker.” Instruction to



closing agent: Seller and Buyer direct Closing
Agent to disburse at Closing the full amount of the brokerage


fees as specified in separate brokerage agreements with
the parties and cooperative agreements between the


Brokers, except to the extent Broker has retained such fees
from the escrowed funds. This Paragraph will not be


used to modify any MLS or other offer of compensation
made by Seller or listing broker to cooperating brokers.


	Edward
    A Brzuskiewicz 689833	Edward
    A Brzuskiewicz 689833
	Seller’s
    Sales Associate/License No.	Buyer’s
    Sales Associate/License No. 
	 	 
	Ed.Brzuskiewicz@FloridaMoves.com	Ed.Brzuskiewicz@FloridaMoves.com
	Seller’s Sales Associate Email Address 	Buyer’s Sales Associate Email Address
	 	 
	772-579-9150	772-579-9150
	Seller’s Sales Associate Phone Number 	Buyer’s Sales Associate Phone Number
	 	 
	Coldwell Banker Realty	Coldwell Banker Realty
	Listing Brokerage 	Buyer’s Brokerage
	 	 
	1973 SW Savage Blvd. Port St. Lucie, FL 34953	1973 SW Savage Blvd. Port St. Lucie, FL 34953
	Listing Brokerage Address 	Buyer’s Brokerage Address



		22.	Addenda: The following additional terms are included
in the attached addenda and incorporated into this Contract



(Check if applicable):


☐
A. Back-up Contract




    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 6 of 8 pages.


     


    

☐
B. Kick Out Clause


☐
C. Other: ___________________________________________________________________________________


		23.	Additional Terms: Paragraph 17 shall not apply to
Coldwell Banker Realty or its agents.



Unless notified otherwise in writing, if Coldwell Banker Realty
is identified as the cooperating broker, the company and its sales associates are


representing the Buyer in a Transaction Brokerage capacity
in accordance with §475.278(2), Fla. Stat.


WIRE FRAUD NOTICE. Criminals/hackers are targeting
email accounts of various parties involved in real estate transactions (e.g., lawyers, title


agents, mortgage brokers, Realtors®) which has led to
fraudulent wiring instructions being used to divert funds to the criminal’s bank account. These


emails are convincing and may look legitimate. Before wiring
any funds to any party (including lawyers, title agents, mortgage brokers, or real estate


agents) the wiring party should personally call the intended
recipient to confirm it is legitimate (i.e., confirm the ABA routing number or SWIFT code


and credit account number) at a number that the wiring party
independently obtains (e.g., the sales contract, their official website) and not use the


number in the email to be sure that the legitimate party is
being contacted. If Buyer or Seller has any reason to believe they may be a victim,


immediately contact the sending bank, local law enforcement,
and file a complaint with the FBI’s Internet Crime Complaint Center @ www.ic3.gov.

A.) See the attached - Site Plan Contingency Addendum


B.) Seller will grant Buyer 30 Day Time Extensions to the
Site Plan Contingency & Closing Date for a fee of $5,000 per month to be in addition to


Purchase Price.  


C.) In the event the sale is not closed, the Buyer is to provide
the Seller with all documents obtained related to the property including surveys,


inspections, Phase 1 or 2, Environmental reports, etc. 


D.) The Buyer will provide Seller with monthly status updates
on Site Plan Approval progress, filings, applications, and hearings.


E.) The Seller will be able to continue marketing the property
and accept back offers until written Site Plan Approval is received.


COUNTER-OFFER/REJECTION


☐
Seller counters Buyer’s offer (to accept the counter-offer, Buyer must sign
or initial the counter-offered terms and deliver a copy of the acceptance to Seller).

☐ Seller
rejects Buyer’s offer. 


This is intended to be a legally binding Contract. If not
fully understood, seek the advice of an attorney before

signing.


Buyer:/s/ Joseph C. Visconti – President
(dotloop verified 10/07/21 1:44 PM EDT)Date: ____________________________


Print Name: TWIN VEE CO. / TWIN VEE POWERCATS CO. Joseph C.
Visconti – President


Buyer: _________________________________________Date:
____________________________


Print Name: _________________________________________________________


Buyer’s address for purpose of notice:


Address: 3101 S. US-1 HIGHWAY FT. PIERCE, FL 34982, FT. PIERCE,
FL 34982


Phone: 772-429-2525Fax: _______________________Email:
joseph@twinvee.com


Seller: /s/ David Cates – (dotloop verified 10/07/21
8:31 PM EDT)Date: ____________________________


Print Name: CBL, LLC


Seller: /s/ David Logan – (dotloop verified 10.07.21
9:24 PM EDT)Date: ____________________________


Print Name: _________________________________________________________






    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 7 of 8 pages.


     


    

Seller’s address for purpose of notice:


Address: ______________________________________________________________________________________________


Phone:
________________Fax: _______________________Email: ___________________________


Effective Date: ____________________ (The date on which the
last party signed or initialed and delivered the final offer or counter-offer.)






Florida REALTORS® makes no representation as to the legal validity or adequacy of any provision of this form in any specific transaction.
This standardized form should

not be used in complex transactions or with extensive riders or additions. This form is available for use by the entire real estate industry
and is not intended to identify the

user as REALTOR®. REALTOR® is a registered collective membership mark which may be used only be real estate licensees who are
members of the NATIONAL

ASSOCIATION OF REALTORS® and who subscribe to its Code of Ethics. The copyright laws of United States (17 U.S. Code) forbid the unauthorized
reproduction of this

form by any means including facsimile or computerized forms.




    Buyer: JCV and Seller DC and DL acknowledge receipt of a copy of this page, which is 8 of 8 pages.


     


    

 


Addendum to Contract re Site Plan Contingency


Seller: CBL, LLC

Buyer: Twin Vee

Property: 14.54 +/- Acres on 6105 St. Lucie Blvd, Ft. Pierce, FL

Dated: October 7, 2021


 


The Commercial Contract for Sale between Seller and Buyer is
amended to include this provision:


“Site Plan Contingency”. Buyer shall diligently
pursue Zoning change and Site Plan Approval with St.

Lucie County (the “County”) for Twin Vee boat manufacturing and distribution within two hundred ten

(210) days of the Effective Date of the Contract (the “Site Plan Contingency”). Buyer shall be responsible

for all costs of pursuing the Site Plan Contingency. Seller shall fully cooperate with Buyer’s efforts to

satisfy the Site Plan Contingency, at no cost or expense to the Seller, including Seller signing the

necessary documents required by the “County”. In the event Buyer cannot obtain the Site Plan

Contingency, Buyer shall be responsible for the costs to withdraw the application(s), such that the

Property will be considered the same as it was on the Effective Date. In the event Buyer does not obtain

the Site Plan Contingency by the 210-day deadline, within three (3) business days after the expiration of

the deadline, Buyer shall either i) elect to terminate the Contract or ii) waive the Site Plan Contingency

and proceed to the Closing. The Closing Date shall be ten (10) days after a) the satisfaction of the Site

Plan Contingency, or b) Buyer’s waiver of the Site Plan Contingency.


This Addendum supersedes, governs, and controls in the event
of a conflict with the Contract.


 


	Seller:	Buyer: Twin Vee
	By: /s/ David Cates – (dotloop verified 10/07/21 8:31 PM EDT)	/s/ Joseph C. Visconti – President (dotloop verified 10/07/21 1:44 PM EDT)
	Print Name: David Cates	Joseph Visconti, President
	Oct. 7, 2021	Oct. 7, 2021
	 	 
	By: /s/ David Logan – (dotloop verified 10.07.21 9:24 PM EDT)	 
	Print Name: David Logan	 
	Oct. 7, 2021	 



 




     


     


    

 


Commercial Vacant Land Disclosure Statement


		1.	SELLER(S) NAME(S): CBL, LLC



Property Address: 6105 St. Lucie Blvd., Fort Pierce, FL 349946
(14.54 Acres)


Is
each individual named above a U.S. Citizen or resident alien? Yes ☐
No ☐


Approximate Age of Property: ____________________ Date Purchased:
04/23/2004


 


		2.	NOTICE TO SELLER/LESSOR:



This disclosure statement is designed to assist the seller
in complying with any disclosure requirements and to assist the buyer in evaluating the property being considered. The listing real estate
broker, the selling real estate broker and their respective representatives (collectively, “Brokers”) will also rely upon
this information when they evaluate, market and present the property to prospective buyers.


 


		3.	NOTICE TO BUYER/LESSEE: 



THIS IS A DISCLOSURE OF SELLER’S KNOWLEDGE OF THE CONDITION
OF THE PROPERTY AS OF THE DATE SIGNED BY SELLER AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THAT BUYER MAY WISH TO OBTAIN.
IT IS NOT A WARRANTY OR REPRESENTATION OF ANY KIND BY THE BROKERS (NONE OF WHOM HAVE MADE ANY INDEPENDENT VERIFICATION OF THE INFORMATION
CONTAINED HEREIN), AND BUYER AGREES NOT TO RELY ON THE INFORMATION CONTAINED HEREIN AS SUCH. BUYER AGREES TO INDEMNIFY AND HOLD BROKERS
HARMLESS FROM ANY NON-DISCLOSURE, OMISSION, OR MISREPRESENTATION OF SELLER. SELLER SHALL NOT BE OBLIGATED TO REPAIR OR CORRECT ANY ITEM
LISTED BELOW UNLESS STATED IN THE SALES CONTRACT.


 


		4.	OCCUPANCY



Is
the property currently being leased or occupied? Yes ☐
No ☒
If yes, when does the lease expire? ____________


 


		5.	ZONING AND USE RESTRICTIONS



		a)	The Property is currently zoned CN – Commercial Neighborhood



		b)	Are there any covenants, conditions, or restriction that affect
the use or development of the property? Yes ☐


No ☐ Unknown
☒



		c)	If any of the above questions are answered “Yes”,
do you have written copies of these covenants, conditions or restrictions? Yes ☐
No ☐
List which documents you have: N/A



		d)	Have you ever received notice from any person or authority
as to any breach of any of these covenants, conditions, or restrictions? Yes ☐
No ☐
If “Yes” describe: N/A



		e)	Do you know of any Indian (Native American) artifacts or other
items of historical or archeological significance on the property? Yes ☐
No ☒
Unknown ☐
If “Yes”, describe: N/A



		f)	Do you know of any reason why the Property may not be improved
or developed? Yes ☐ No
☒ Unknown
☐ If
“Yes”, give details: _______________________. 



		g)	Have anyone ever been refused a building permit for the Property?
Yes ☐ No
☒ Unknown
☐



If “Yes”, give details: ______________________.


		h)	If this platted land? Yes ☐
No ☐
Unknown ☒



If
Yes, has the plat been approved by the county or municipality and recorded? Yes ☐
No ☐
Unknown ☐


		i)	Are there any easements other than utility or drainage easements?
Yes ☐ No
☐ Unknown
☒



		j)	Are there any unrecorded road maintenance agreements affecting
the property? Yes ☐ No
☒ Unknown
☐



		k)	Are there any access restrictions to the property (ingress
or egress)? Yes ☐ No
☒ Unknown
☐



If “Yes”, give details: ______________________.


 


		6.	LAND (SOILS, DRAINAGE, BOUNDARIES AND OTHER CONDITIONS)




		a)	Is there any fill or expansive or uncompacted soil on the
property? Yes ☐ No
☒ Unknown
☐



		b)	Is the property partially or totally seaward of the Coastal
Construction Line? Yes ☒ No
☐ Unknown
☐



		c)	Do you know of any sliding, settling, earth movement, upheaval,
or earth stability problems that have occurred on the property or in the immediate neighborhood Yes ☐
No ☒



Have
any soil tests been performed on the Property? Yes ☐ No
☐ Unknown
☒


When? _____________ By Whom? ______________ Results? _____________________


		d)	Has any insurance company paid any amount on a claim? Yes
☐ No
☒ If
“Yes”, were the full amount of the proceeds utilized to repair the sinkhole damage? Yes ☐
No ☐
(required pursuant to sec. 627.7073, Fla. Stat.)



		e)	Is the property located in a flood zone or wetlands area?
Yes ☐ No
☐ Unknown
☐



		f)	Do you know of any past or present drainage or flood problems
affecting the property or adjacent properties?

Yes ☐ No
☒





     


     


    

		g)	Do you know of any encroachments, boundary line disputes,
or easements affecting the property?

Yes ☐ No
☒ 

Has the land been surveyed? Yes ☒ No
☐ Year
Surveyed: 3/2/04 By: Dennis J. Leavy & Associates, Inc. 



		h)	Are there any abandoned wells, or buried storage tanks, debris,
or waste on the property?

Yes ☐ No
☒ Unknown
☐



		i)	Do you know of any past or present hazardous or toxic substance
(including radon) in or on this property or any adjacent or neighboring properties? Yes ☐
No ☒
Unknown ☐

If you answered “Yes” to any of the above, give details: Item H, Artesian Well, Farm Trash Buried in SW Corner in a Small
Area.







		7.	UTILITIES



Do any of the following presently exist within the property
boundaries?


		a)	Connection to public water	Yes ☐
No ☒
Unknown ☐



		b)	Connection to public sewer	Yes ☐
No ☒
Unknown ☐



		c)	Connection to private water system off property	Yes ☐
No ☒
Unknown ☐



		d)	A water well (Artesian)	Yes ☒
No ☐
Unknown ☐



		e)	Septic Tank	Yes ☐
No ☒
Unknown ☐



		f)	Connection to electric utility	Yes ☐
No ☒
Unknown ☐



		g)	Connection to natural gas service	Yes ☐
No ☒
Unknown ☐



Do any of the following presently exist at the boundary
of the property?


		a)	Public water system access 	Yes ☒
No ☐
Unknown ☐



		b)	Private water system access 	Yes ☐
No ☒
Unknown ☐



		c)	Electric service access 	Yes ☒
No ☐
Unknown ☐



		d)	Natural gas access 	Yes ☐
No ☐
Unknown ☒



		e)	Telephone system access 	Yes ☒
No ☐
Unknown ☐



	 	f)	Have any utility access charges been paid or are any owed?	Yes ☐
No ☒
Unknown ☐

	 	 	If “Yes”, which charges have been paid and what charges are owed? __________________________





 


		8.	DOCKS, PIERS AND SEAWALLS (N/A)



		a)	Are you aware of any conditions that may affect the desirability
use or function of any dock, pier, or seawall?



Yes
☐ No
☐ If
“Yes”, explain : _______________________________________________________


		b)	Was (is) a federal state or local governmental permit required
for the construction or maintenance of the dock pier or seawall? Yes ☐
No ☐
Unknown ☐

If “Yes” were all appropriate permits and approvals issued for the construction and maintenance of such structures?

Yes ☐ No
☐ Unknown
☐ If
“No”, explain : _______________________________________________________







		9.	NEIGHBORHOOD



Are
you aware of any existing condition or proposed change in your neighborhood that could adversely affect the value or desirability of the
property, such as noise or other nuisance, protected wildlife, electric and magnetic field levels, threat of condemnation, or street changes?
Yes ☐ No
☒ If
“Yes”, explain in detail: _______________________

___________________________________________________________________________________________


 


		10.	OTHER MATTERS



		a)	Is there any existing or threatened legal action affecting
the property or title to the property?

Yes ☐ No
☐ Unknown
☐ If
“Yes”, explain : _______________________________________________________



		b)	Do you know of any violations of local state or federal laws
or regulations relating to this property? Yes ☐
No ☐



		c)	Is there anything else that you feel you should disclose to
a prospective buyer because it may materially affect the value or desirability of the property (e.g., zoning or code violations, zoning
changes, impending assessments, access or road changes, or construction, etc.) Yes ☐
No ☐



If any of your answers are “Yes”, explain in
detail: _________________________________________________






     


     


    







ACKNOWLEDGMENT OF SELLER/LESSOR


By signing below Seller acknowledges and represents that the information
in this Disclosure Statement is accurate and complete and Seller agrees to notify the listing broker in writing immediately if any information
becomes inaccurate in any way through the passage of time seller represents that seller and not the brokers have filled out this Disclosure
Statement and that Seller is not relying on the brokers for any of the information contained herein. Seller authorizes the brokers to
provide this information to prospective buyers.


	/s/
    David Logan	11/6/18	 	/s/
    David Cates	11/3/18
	Seller	Date:	 	Seller	Date:



 


ACKNOWLEDGMENT OF BUYER/LESSEE


By signing below the Buyer acknowledges and represents that the
Buyer has received this real property disclosure statement, has been advised to the to have the property examined by professional inspectors
to evaluate its conditions and to investigate every aspect of the property, which could be important to Buyer. Buyer acknowledges that
the brokers are not qualified to conduct such professional inspections or to inspect or detect physical defects in the property, and the
brokers have not undertaken any independent investigation to verify the accuracy of the information contained in this Disclosure Statement.
If there are any blank responses above that are important to Buyer, Buyer agrees to obtain written responses or a corrected disclosure
statement from the Lessor/Seller prior to signing below. Acceptance of this disclosure statement with partial or incomplete answers shall
constitute a waiver of any claims against brokers in any way related to such information.





	/s/
    Joseph C. Visconti – President (dotloop verified
    10/07/21 1:44 PM EDT)	 	_________________________________________________________________
	Buyer’s
    Or Seller’s Signature  Date	 	Buyer’s
    Or Seller’s Signature  Date


 


 


 


THIS IS A LEGAL BINDING DOCUMENT. IF NOT
UNDERSTOOD, CONSULT AN ATTORNEY


Copyright 2007 Coldwell Banker Residential
Real Estate LLC


An Equal Opportunity Company. An Equal
Housing Opportunity. Owned and Operated by NRT LLC (Rev. 07/07)




     


     


    

 





To:TWIN VEE CO. / TWIN VEE POWERCATS CO.DATE: ______________________

From: Coldwell Banker Realty


Property: If this form is being provided to you as a
seller, then this form refers to the property being sold. If it is being provided to you as a buyer or prospective buyer, then it refers
to any property that you may consider purchasing with the assistance of Coldwell Banker Realty (“Broker”).


This is to give you notice that Broker, a
subsidiary of Realogy Holdings Corp., is part of the Realogy Brokerage Group LLC family of real estate brokerage companies and has a business
relationship with the companies listed below in this Statement. Realogy Holdings Corp. owns 100% of Realogy Brokerage Group LLC, which
owns 100% of Broker. Realogy Holdings Corp. also owns 100% of each company listed below, except for (i) the mortgage lender, in which
TRG Venture Partner LLC has a 49.9% ownership interest, (ii) the title insurance provider REALtech Title LLC in which Realogy Title Group
LLC, a subsidiary of Realogy Holdings Corp. has a 51% ownership interest, (iii) Ojo Labs, Inc. in which Realogy Services Group LLC, a
subsidiary of Realogy Holdings Corp., has a 10.2% ownership interest, and (iv) Home Partners Resources LLC, in which Realogy Brokerage
Group LLC has a 49% ownership interest, indirectly owns 100% of Home Partners Resources Realty LLC. Realogy Holdings Corp also owns the
franchisors of the BETTER HOMES & GARDENS® REAL ESTATE, COLDWELL BANKER®, COLDWELL BANKER COMMERCIAL®, CENTURY 21®,
THE CORCORAN GROUP®, ERA®, AND SOTHEBY’S INTERNATIONAL REALTY® franchise systems. Because of these relationships, Broker’s
referral of business to any of the companies listed below may provide Broker, Realogy Holdings Corp., Realogy Brokerage Group LLC, the
franchisors owned by Realogy Holdings Corp., and/or their employees, affiliates, or any other related parties noted herein a financial
or other benefit. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required
to use the listed providers as a condition of the purchase or sale of your property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS
AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR
THESE SERVICES.


	COMPANIES	SETTLEMENT SERVICES	ESTIMATE / RANGE OF CHARGES
	
    Guaranteed Rate Affinity, LLC

    Provides a full range of residential mortgage loan products and services.
	
    Loan origination charge

    Loan discount fee/points

    Application fee
	
    $1,290

    0% - 5% of loan amount

    $150

	
    SunbeltTitleAgency;ClearTitle
    Group; REALtech Title LLC

    Provides the policy that insures against loss due to certain title defects.
	
    Owner's Title Policy: (premium based on property value; rates do not include
    discounts, if any, for reissue, simultaneous issue, new home purchase, or other requested items, endorsements, and services).

     

    Lender's title policy (if issued simultaneously with Owner's policy).

     

    Settlement/closing fee
	
    $5.75 per thousand up to $100K, thereafter

    $5.00 per thousand over $100K up to $1M,

    $2.50 per thousand over $1M up to $5M,

    $2.25 per thousand over $5M up to $10M,

    $2.00 per thousand over $10M

     

    $25 - $700

     

     

    $0 - $975

	 	Title Search	$90.00 - $500.00
	
    Realogy Insurance Agency, Inc.

    Provides insurance agency services for homeowner's insurance.
	Homeowner's insurance premium	$2.00 - $6.00 per thousand dollars of replacement cost of dwelling
	Realogy Lead Management Services, Inc. Provides broker network management and operate real estate referral programs.	Cooperative real estate brokerage commission	The Realogy Lead Management Services (RMLS) referral commission varies, but is generally paid to RMLS (a licensed real estate broker) by a real estate broker as a percentage (typically, 37.5%-42.5%) of the real estate commission.




     


     


    

 


	
    Cartus Corporation

    Provides relocation, assignment management and cooperative real estate brokerage
    services to its corporate and government clients and its network of real estate brokerage companies.
	
     

    Cooperative real estate brokerage commission
	The Cartus referral commission varies, but is generally paid to Cartus (a licensed real estate broker) by a real estate broker as a percentage (typically, 37.5% -42.5) of the real estate broker's commission on a transaction side, plus $100 and may be shared by Cartus with other brokers.
	
    Other Realogy Brokerage Group LLC Real Estate Brokerage Companies and
    Other Franchisees

    In certain markets other Realogy Brokerage Group LLC subsidiaries provide
    real estate brokerage services under Coldwell Banker, The Corcoran Group, Sotheby's International Realty, and Climb Real Estate trade
    names. Also note that in other markets, franchisees of Realogy Holdings Corp. subsidiaries provide real estate brokerage services as franchisees
    of Better Homes & Gardens, Coldwell Banker, Coldwell Banker Commercial, Century 21, The Corcoran Group, ERA and Sotheby's International
    Realty.
	
     

    Real estate brokerage commission

     

    Cooperative real estate brokerage commission
	3 - 10% of sales price of the property depending on multiple factors including type of property, services, transaction side, region and transaction structure. However, commissions vary per agreement with each customer and may be negotiated, in whole or in part, as fixed amounts, such as a fixed amount in lieu of all or part of a percentage, or an amount such as $100 - $1000 in addition to a percentage. In addition, referral commissions vary, but are generally paid by a real estate broker as a percentage (approximately 25% - 50%) of the real estate broker's commission on a transaction side.
	
    Ojo Labs, Inc.

    Provides artificial intelligence technology to validate and incubate real
    estate leads, i.e., digital real estate assistant, and cooperative real estate brokerage services.
	Cooperative real estate brokerage commission	The Ojo referral commission will be paid to Ojo (a licensed real estate broker) by a real estate broker as a percentage (approximately 17.5% -35%) of the real estate broker's commission on a transaction side.
	
    Home Partners Resources Properties LLC; Home Partners Resources Realty,
    LLC

     

    Provides technology-enabled products and services intended to simplify and
    streamline the home sale and purchase process through the making or utilization of instant cash offers to home sellers and cash offer
    backstops to consumer purchase offers.
	
    Cooperative real estate brokerage commission

     

     

     

     

     

    Program Fees
	
    The Home Partners Resources Realty (HPRR) referral commission will be paid
    to HPRR (a licensed real estate broker) by a real estate broker as a percentage (approximately 35% - 50%) of the real estate broker's
    commission on a transaction side.

     

    $0-$1,000 paid to Home Partners Resources Properties LLC



 


In addition to the affiliated business relationships described
above, Broker has a business arrangement with American Home Shield Corporation (“AHS”) and Home Partners of America (“HPA”).
While Broker, Realogy Holdings Corp., and Realogy Brokerage Group LLC, including their subsidiaries and affiliates, do not have any ownership
interests in AHS or HPA, they may receive fees from AHS or HPA in return for their performance of services.


ACKNOWLEDGMENT


I/we have read this disclosure form and understand that Broker
is referring me/us to purchase the above-described settlement service(s) and that Broker, Realogy Holdings Corp., Realogy Brokerage Group
LLC, their employees and/or subsidiaries and affiliates may receive a financial or other benefit as the result of this referral.


	/s/
    Joseph C. Visconti – President (dotloop verified
    10/07/21 1:44 PM EDT)	 	_________________________________________________________________
	Buyer’s
    Or Seller’s Signature  Date	 	Buyer’s
    Or Seller’s Signature  Date