Document:

Excess Per Risk Reinsurance Contract

 Exhibit 10.15 
 Excess Per Risk 
 Reinsurance Contract 
 Effective: January 1, 2008 
 issued to 
 Homeowners Choice Property and Casualty Insurance Company 
 Port St. Lucie, Florida 
  

			
	08\H3O1006	  	

		  

 Excess Per Risk 
 Reinsurance Contract 
 Effective: January 1, 2008 
 issued to 
 Homeowners Choice Property and
Casualty Insurance Company 
 Port St. Lucie, Florida 
  

				
	 Reinsurers
	  	Participations	 
	 Catlin Insurance Company Ltd.
	  	55.0	%
	 Hannover Rueckversicherungs-Aktiengesellschaft
	  	30.0	 
	 QBE Reinsurance Corporation
	  	15.0	 
		
	 Total
	  	100.0	%

  

			
	08IL\H3O1006	  	

		  

 Table of Contents 
  

					
	 Article
	  	  	  	Page
	 I
	  	 Classes of Business Reinsured
	  	1
			
	 II
	  	 Commencement and Termination
	  	1
			
	 III
	  	 Territory (BRMA 51A)
	  	2
			
	 IV
	  	 Exclusions
	  	2
			
	 V
	  	 Retention and Limit
	  	4
			
	 VI
	  	 Definitions
	  	4
			
	 VII
	  	 Other Reinsurance
	  	6
			
	 VIII
	  	 Loss Occurrence
	  	6
			
	 IX
	  	 Loss Notices and Settlements
	  	7
			
	 X
	  	 Salvage and Subrogation
	  	7
			
	 XI
	  	 Reinsurance Premium
	  	8
			
	 XII
	  	 Late Payments
	  	8
			
	 XIII
	  	 Offset (BRMA 36C)
	  	9
			
	 XIV
	  	 Access to Records (BRMA 1D)
	  	9
			
	 XV
	  	 Liability of the Reinsurer
	  	9
			
	 XVI
	  	 Net Retained Lines (BRMA 32E)
	  	10
			
	 XVII
	  	 Errors and Omissions (BRMA 14F)
	  	10
			
	 XVIII
	  	 Currency (BRMA 12A)
	  	10
			
	 XIX
	  	 Taxes (BRMA 50B)
	  	10
			
	 XX
	  	 Federal Excise Tax (BRMA 17D)
	  	10
			
	 XXI
	  	 Reserves
	  	11
			
	 XXII
	  	 Insolvency
	  	12
			
	 XXIII
	  	 Arbitration (BRMA 6J)
	  	13
			
	 XXIV
	  	 Service of Suit (BRMA 49C)
	  	13
			
	 XXV
	  	 Governing Law (BRMA 71B)
	  	14
			
	 XXVI
	  	 Confidentiality
	  	14
			
	 XXVII
	  	 Entire Agreement
	  	14
			
	 XXVIII
	  	 Severability (BRMA 72E)
	  	14
			
	 XXIX
	  	 Notices and Contract Execution
	  	15
			
	 XXX
	  	 Intermediary (BRMA 23A)
	  	15

  

			
	08\H3O1006	  	

		  

 Excess Per Risk 
 Reinsurance Contract 
 Effective: January 1, 2008 
 issued to 
 Homeowners Choice Property and
Casualty Insurance Company 
 Port St. Lucie, Florida  
 (hereinafter referred to as the “Company”) 
 by 
 The Subscribing Reinsurer(s) Executing the 
 Interests and Liabilities Agreement(s) 
 Attached Hereto 
 (hereinafter referred to as the “Reinsurer”) 
 Article I - Classes of Business Reinsured 

By this Contract the Reinsurer agrees to reinsure the excess liability which may accrue to the Company under its policies, contracts and binders of insurance or
reinsurance (hereinafter called “policies”) in force at the effective date hereof or issued or renewed on or after that date, and classified by the Company as Homeowners Multiple Peril (property sections only) and Dwelling Fire (property
sections only), subject to the terms, conditions and limitations hereinafter set forth. 
 Article II - Commencement and Termination 
  

	A.	This Contract shall become effective on January 1, 2008, with respect to losses occurring on or after that date, and shall remain in force until May 31, 2008, both days
inclusive, Local Standard Time at the location where the loss occurs. 

  

	B.	Notwithstanding the provisions of paragraph A above, the Company may terminate a Subscribing Reinsurer’s percentage share in this Contract in the event any of the following
circumstances occur, as clarified by public announcement for subparagraphs 1 through 6 below, or upon discovery for subparagraphs 7 and 8 below. The Company has 120 days from the date of applicable public announcement or discovery to exercise the
option to terminate a Subscribing Reinsurer’s percentage share in this Contract. To terminate a Subscribing Reinsurer’s percentage share in this Contract, the Company must give the Subscribing Reinsurer prior written notice by either
certified or registered mail for which a return receipt is requested. The effective date of termination will be as selected by the Company, subject to the condition that such selected date must be the last day of a calendar month:

  

	 	1.	The Subscribing Reinsurer’s policyholders’ surplus (or its equivalent under the Subscribing Reinsurer’s accounting system) at the inception of this Contract has been
reduced by more than 20,0% of the amount of surplus (or the applicable equivalent) 12 months prior to that date; or 

  

			
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	 	2.	The Subscribing Reinsurer’s policyholders’ surplus (or its equivalent under the Subscribing Reinsurer’s accounting system) at any time during the term of this
Contract has been reduced by more than 20.0% of the amount of surplus (or the applicable equivalent) at the date of the Subscribing Reinsurer’s most recent financial statement filed with regulatory authorities and available to the public as of
the inception of this Contract; or 

  

	 	3.	The Subscribing Reinsurer’s A.M. Best’s rating has been assigned or downgraded below A- and/or Standard & Poor’s rating has been assigned or downgraded below
BBB+; or 

  

	 	4.	The Subscribing Reinsurer has become merged with, acquired by or controlled by any other entity or individual(s) not controlling the Subscribing Reinsurer’s operations
previously; or 

  

	 	5.	A State Insurance Department or other legal authority has ordered the Subscribing Reinsurer to cease writing business; or 

  

	 	6.	The Subscribing Reinsurer has become insolvent or has been placed into liquidation or receivership (whether voluntary or involuntary) or proceedings have been instituted against the
Subscribing Reinsurer for the appointment of a receiver, liquidator, rehabilitator, conservator or trustee in bankruptcy, or other agent known by whatever name, to take possession of its assets or control of its operations; or

  

	 	7.	The Subscribing Reinsurer has reinsured its entire liability under this Contract without the Company’s prior written consent; or 

  

	 	8.	The Subscribing Reinsurer has ceased assuming new or renewal property or casualty treaty reinsurance business. 

  

	C.	Unless the Company elects that the Reinsurer have no liability for losses occurring after the effective date of termination or expiration, and so notifies the Reinsurer prior to or
as promptly as possible after the effective date of termination or expiration, reinsurance hereunder on business in force on the effective date of termination or expiration shall remain in full force and effect until expiration, cancellation or next
premium anniversary of such business, whichever first occurs, but in no event beyond 12 months following the effective date of termination or expiration. 

 Article III - Territory (BRMA 51A) 
 The territorial limits of this Contract shall be identical with those of the
Company’s policies. 
 Article IV - Exclusions 
  

	A.	This Contract does not apply to and specifically excludes the following: 

  

	 	1.	All excess of loss reinsurance assumed by the Company. 

  

			
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	 	2.	Reinsurance assumed by the Company under obligatory reinsurance agreements, except agency reinsurance where the policies involved are to be reunderwritten in accordance with the
underwriting standards of the Company and reissued as Company policies at the next anniversary or expiration date. 

  

	 	3.	Financial guarantee and insolvency. 

  

	 	4.	All Accident and Health, Fidelity and Surety, Boiler and Machinery, Workers’ Compensation and Credit business. 

  

	 	5.	Nuclear risks as defined in the “Nuclear Incident Exclusion Clause - Physical Damage - Reinsurance (U.S.A.)” attached to and forming part of this Contract.

  

	 	6.	Loss or damage caused by or resulting from war, invasion, hostilities, acts of foreign enemies, civil war, rebellion, insurrection, military or usurped power, or martial law or
confiscation by order of any government or public authority, but this exclusion shall not apply to loss or damage covered under a standard policy with a standard War Exclusion Clause. 

  

	 	7.	Loss or liability from any Pool, Association or Syndicate and any assessment or similar demand for payment related to the Florida Hurricane Catastrophe Fund or Citizens Property
Insurance Corporation. 

  

	 	8.	All liability of the Company arising by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund.
“Insolvency fund” includes any guaranty fund, insolvency fund, plan, pool, association, fund or other arrangement, however denominated, established or governed, which provides for any assessment of or payment or assumption by the Company
of part or all of any claim, debt, charge, fee or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge,
fee or other obligation in whole or in part. 

  

	 	9.	Pollution and seepage coverages excluded under the provisions of the “Pollution and Seepage Exclusion Clause (BRMA 39A)” attached to and forming part of this Contract.

  

	 	10.	Loss or liability excluded under the “Terrorism Exclusion” attached to and forming part of this Contract. 

  

	 	11.	Losses from mold-related claims, unless arising out of an otherwise covered peril. 

  

	 	12.	Losses directly arising from any storm once named by the United States National Hurricane Weather Service and/or the National Hurricane Center, Miami, Florida, both while it is
still a hurricane and throughout any subsequent downgrades in storm status by the National Hurricane Center. 

  

	B.	 Notwithstanding the foregoing, the Company may request a special acceptance of reinsurance falling within the scope of the exclusions set forth in paragraph A.
Within five days of receipt of such a request, each Subscribing Reinsurer shall accept such request, ask for additional information, or reject the request. Any reinsurance that is specially accepted by the Reinsurer shall be covered under this
Contract and shall be subject to the 

  

			
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terms hereof, except as such terms shall be modified by the special acceptance. If a Subscribing Reinsurer fails to respond to a special acceptance request
within five days, the Subscribing Reinsurer will be deemed to have agreed to the special acceptance. 

 If Subscribing
Reinsurers with total percentage shares in the interests and liabiiities of the Reinsurer of 50.0% or greater agree to a special acceptance, such special acceptance shall be binding on all Subscribing Reinsurers with respect to their respective
shares. If such percentage agreement is not achieved, such special acceptance shall be made to this Contract only with respect to the interests and liabilities of each Subscribing Reinsurer that agrees to the special acceptance. 
 In the event a reinsurer becomes a party to this Contract subsequent to one or more special acceptances hereunder, the new reinsurer shall automatically
accept such special acceptance(s) as being covered hereunder. Further, if one or more Subscribing Reinsurers under this Contract agreed to special acceptance(s) under the contract being replaced by this Contract, such special acceptance(s) shall be
automatically covered hereunder with respect to the interests and liabilities of such Subscribing   Reinsurer(s). 
  

	C.	Any exclusion (other than exclusions 3, 5, 6 and 10) set forth in paragraph A shall be waived automatically when, in the opinion of the Company, the exposure excluded therein is
incidental to the principal exposure on the risk in question. 

  

	D.	If the Company is bound, without the knowledge and contrary to the instructions of the Company’s supervisory underwriting personnel, on any business falling within the scope of
one or more of the exclusions set forth in paragraph A (other than exclusions 3, 5, 6 and 10), the exclusion shall be suspended with respect to such business until 30 days after an underwriting supervisor of the Company acquires knowledge thereof.

 Article V - Retention and Limit 
 The
Company shall retain and be liable for the first $500,000 of ultimate net loss as respects any one risk, each loss. The Reinsurer shall then be liable for the amount by which such ultimate net loss exceeds the Company’s retention, but the
liability of the Reinsurer shall not exceed $1,500,000 as respects any one risk, each loss, nor shall it exceed $3,000,000 in all during the term of this Contract. 
 Article VI - Definitions 
  

	A.	“Ultimate net loss” as used herein shall be defined as the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment
expense, as hereinafter defined) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or
reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company’s ultimate net loss has been ascertained. 

  

			
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	B.	“Loss in excess of policy limits” and “extra contractual obligations” as used herein shall be defined as: 

  

	 	1.	“Loss in excess of policy limits” shall mean 90.0% of any amount paid or payable by the Company in excess of its policy limits, but otherwise within the terms of its
policy, such loss in excess of the Company’s policy limits having been incurred because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company’s alleged or actual negligence, fraud or
bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.

  

	 	2.	“Extra contractual obligations” shall mean 90.0% of any punitive, exemplary, compensatory or consequential damages paid or payable by the Company, not covered by any other
provision of this Contract and which arise from the handling of any claim on business subject to this Contract, such liabilities arising because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the
Company’s alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal
consequent upon such an action. An extra contractual obligation shall be deemed, in all circumstances, to have occurred on the same date as the loss covered or alleged to be covered under the policy. 

 Notwithstanding anything stated herein, this Contract shall not apply to any loss in excess of policy limits or any extra contractual obligation incurred
by the Company as a result of any fraudulent and/or criminal act by any officer or director of the Company acting individually or collectively or in collusion with any individual or corporation or any other organization or party involved in the
presentation, defense or settlement of any claim covered hereunder. 
  

	C.	The Company shall be the sole judge of what constitutes “one risk,” except that in no event shall a building and its contents be considered more than one risk.

  

	D.	“Loss adjustment expense” as used herein shall be defined as expenses assignable to the investigation, appraisal, adjustment, settlement, litigation, defense and/or appeal
of claims, regardless of how such expenses are classified for statutory reporting purposes. Loss adjustment expense shall include, but not be limited to, interest on judgments, expenses of outside adjusters, expenses and a pro rata share of salaries
of the Company’s field employees and expenses of other employees of the Company who have been temporarily diverted from their normal and customary duties and assigned to the adjustment of losses covered by this Contract, expenses of the
Company’s officials incurred in connection with losses covered by this Contract, and declaratory judgment expenses or other legal expenses and costs incurred in connection with coverage questions and legal actions connected thereto. Loss
adjustment expense shall not include normal office expenses or salaries of the Company’s officials. 

  

	E.	“Term of this Contract” as used herein shall be defined as the period from January 1, 2008 until May 31, 2008, both days inclusive, Local Standard Time at the
location where the loss occurs. However, if this Contract is terminated, “term of this Contract” as used herein shall mean the period from January 1, 2008 through the effective date of termination if this Contract is terminated on a
“cutoff” basis, or through the end of the runoff period if this Contract is terminated on a “runoff” basis. 

  

			
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 Article VII - Other Reinsurance 
 The Company shall be permitted to carry underlying reinsurance, recoveries under which shall inure solely to the benefit of the Company and be entirely disregarded in applying all of the provisions of this Contract.

 Article VIII - Loss Occurrence 
  

	A.	The term “loss occurrence” shall mean the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or
losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one “loss
occurrence” shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event except that the term “loss occurrence” shall
be further defined as follows: 

  

	 	1.	As regards windstorm, hail, tornado, hurricane, cyclone, including ensuing collapse and water damage, all individual losses sustained by the Company occurring during any period of
72 consecutive hours arising out of and directly occasioned by the same event. However, the event need not be limited to one state or province or states or provinces contiguous thereto. 

  

	 	2.	As regards riot, riot attending a strike, civil commotion, vandalism and malicious mischief, all individual losses sustained by the Company occurring during any period of 72
consecutive hours within the area of one municipality or county and the municipalities or counties contiguous thereto arising out of and directly occasioned by the same event. The maximum duration of 72 consecutive hours may be extended in respect
of individual losses which occur beyond such 72 consecutive hours during the continued occupation of an assured’s premises by strikers, provided such occupation commenced during the aforesaid period. 

  

	 	3.	As regards earthquake (the epicenter of which need not necessarily be within the territorial confines referred to in the introductory portion of this paragraph A) and fire following
directly occasioned by the earthquake, only those individual fire losses which commence during the period of 168 consecutive hours may be included in the Company’s “loss occurrence.” 

  

	 	4.	As regards “freeze,” only individual losses directly occasioned by collapse, breakage of glass and water damage (caused by bursting frozen pipes and tanks) may be included
in the Company’s “loss occurrence.” 

  

	 	5.	As regards firestorms, brush fires and any other fires or series of fires, irrespective of origin (except as provided in subparagraphs 2 and 3 above), which spread through trees,
grassland or other vegetation, all individual losses sustained by the Company which occur during any period of 168 consecutive hours within the area of one state of the United States or province of Canada and states or provinces contiguous thereto
and to one another may be included in the Company’s “loss occurrence.” 

  

			
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	B.	Except for those “loss occurrences” referred to in subparagraph 2 of paragraph A above, the Company may choose the date and time when any such period of consecutive hours
commences, provided that it is not earlier than the date and time of the occurrence of the first recorded individual loss sustained by the Company arising out of that disaster, accident or loss, and provided that only one such period of 168
consecutive hours shall apply with respect to one event, except for any “loss occurrence” referred to in subparagraph 1 of paragraph A above where only one such period of 72 consecutive hours shall apply with respect to one event,
regardless of the duration of the event. 

  

	C.	However, as respects those “loss occurrences” referred to in subparagraph 2 of paragraph A above, if the disaster, accident or loss occasioned by the event is of greater
duration than 72 consecutive hours, then the Company may divide that disaster, accident or loss into two or more “loss occurrences,” provided that no two periods overlap and no individual loss is included in more than one such period, and
provided that no period commences earlier than the date and time of the occurrence of the first recorded individual loss sustained by the Company arising out of that disaster, accident or loss. 

  

	D.	No individual losses occasioned by an event that would be covered by a 72 hours clause may be included in any “loss occurrence” claimed under a 168 hours provision.

 Article IX - Loss Notices and Settlements 
  

	A.	Whenever a loss sustained by the Company appears likely to result in a claim hereunder, the Company shall notify the Reinsurer, and the Reinsurer shall have the right to participate
in the adjustment of the loss at its own expense. 

  

	B.	All loss settlements made by the Company, provided they are within the terms of this Contract and the terms of the Company’s policies (except as respects loss in excess of
policy limits and extra contractual obligations), shall be binding upon the Reinsurer, and the Reinsurer agrees to pay all amounts for which it may be liable upon receipt of reasonable evidence of the amount paid (or scheduled to be paid within 14
days) by the Company. 

 Article X - Salvage and Subrogation 
 The Reinsurer shall be credited with salvage (i.e., reimbursement obtained or recovery made by the Company, less the actual cost, excluding salaries of officials and employees of the Company and sums paid to attorneys
as retainer, of obtaining such reimbursement or making such recovery) on account of claims and settlements involving reinsurance hereunder. Salvage thereon shall always be used to reimburse the excess carriers in the reverse order of their priority
according to their participation before being used in any way to reimburse the Company for its primary loss. The Company hereby agrees to enforce its rights to salvage or subrogation relating to any loss, a part of which loss was sustained by the
Reinsurer, and to prosecute all claims arising out of such rights if, in the Company’s opinion, it is economically reasonable to do so. 
  

			
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 Article XI - Reinsurance Premium 
 As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer $180,000 in two equal installments of $90,000 on January 1 and April 1 of 2008, However, in the event this Contract is
terminated, there shall be no premium installments due after the effective date of termination, and the Reinsurer shall return to the Company a pro rata portion of the premium installments previously due and paid by the Company applicable to the
unexpired portion of the term of this Contract as of the effective date of termination. 
 Article XII - Late Payments 
  

	A.	The provisions of this Article shall not be implemented unless specifically invoked, in writing, by one of the parties to this Contract. 

  

	B.	In the event any premium, loss or other payment due either party is not received by the intermediary named in the Intermediary Article (BRMA 23A) (hereinafter referred to as the
“Intermediary”) by the payment due date, the party to whom payment is due may, by notifying the Intermediary in writing, require the debtor party to pay, and the debtor party agrees to pay, an interest penalty on the amount past due
calculated for each such payment on the last business day of each month as follows: 

  

	 	1.	The number of full days which have expired since the due date or the last monthly calculation, whichever the lesser; times 

  

	 	2.	1/365ths of the six-month United States Treasury Bill rate as quoted in The Wall Street Journal on the first business day of the month for which the calculation is made;
times 

  

	 	3.	The amount past due, including accrued interest. 

 It is
agreed that interest shall accumulate until payment of the original amount due plus interest penalties have been received by the Intermediary. 
  

	C.	The establishment of the due date shall, for purposes of this Article, be determined as follows: 

  

	 	1.	As respects the payment of routine deposits and premiums due the Reinsurer, the due date shall be as provided for in the applicable section of this Contract. In the event a due date
is not specifically stated for a given payment, it shall be deemed due 45 days after the date of transmittal by the intermediary of the initial billing for each such payment. 

  

	 	2.	Any claim or loss payment due the Company hereunder shall be deemed due 10 days after the proof of loss or demand for payment is transmitted to the Reinsurer. If such loss or claim
payment is not received within the 10 days, interest will accrue on the payment or amount overdue in accordance with paragraph B above, from the date the proof of loss or demand for payment was transmitted to the Reinsurer. 

 

	 	3.	As respects any payment, adjustment or return due either party not otherwise provided for in subparagraphs 1 and 2 of this paragraph C, the due date shall be as provided for in the
applicable section of this Contract. In the event a due date is not specifically stated for a given payment, it shall be deemed due 45 days following transmittal of written notification that the provisions of this Article have been invoked.

  

			
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 For purposes of interest calculations only, amounts due hereunder shall be deemed paid upon receipt by
the Intermediary. 
  

	D.	Nothing herein shall be construed as limiting or prohibiting a Subscribing Reinsurer from contesting the validity of any claim, or from participating in the defense of any claim or
suit, or prohibiting either party from contesting the validity of any payment or from initiating any arbitration or other proceeding in accordance with the provisions of this Contract. If the debtor party prevails in an arbitration or other
proceeding, then any interest penalties due hereunder on the amount in dispute shall be null and void. If the debtor party loses in such proceeding, then the interest penalty on the amount determined to be due hereunder shall be calculated in
accordance with the provisions set forth above unless otherwise determined by such proceedings. If a debtor party advances payment of any amount it is contesting, and proves to be correct in its contestation, either in whole or in part, the other
party shall reimburse the debtor party for any such excess payment made plus interest on the excess amount calculated in accordance with this Article. 

  

	E.	Interest penalties arising out of the application of this Article that are $100 or less from any party shall be waived unless there is a pattern of late payments consisting of three
or more items over the course of any 12-month period. 

 Article XIII - Offset (BRMA 36C) 
 The Company and the Reinsurer shall have the right to offset any balance or amounts due from one party to the other under the terms of this Contract. The party asserting
the right of offset may exercise such right any time whether the balances due are on account of premiums or losses or otherwise. 
 Article XIV - Access
to Records (BRMA 1D) 
 The Reinsurer or its designated representatives shall have access at any reasonable time to all records of the Company which
pertain in any way to this reinsurance. 
 Article XV - Liability of the Reinsurer 
  

	A.	The liability of the Reinsurer shall follow that of the Company in every case and be subject in all respects to all the general and specific stipulations, clauses, waivers and
modifications of the Company’s policies and any endorsements thereon. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract. 

  

	B.	Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.

  

			
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 Article XVI - Net Retained Lines (BRMA 32E) 
  

	A.	This Contract applies only to that portion of any policy which the Company retains net for its own account (prior to deduction of any underlying reinsurance specifically permitted
in this Contract), and in calculating the amount of any loss hereunder and also in computing the amount or amounts in excess of which this Contract attaches, only loss or losses in respect of that portion of any policy which the Company retains net
for its own account shall be included. 

  

	B.	The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from any other
reinsurer(s), whether specific or general, any amounts which may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise. 

 Article XVIl - Errors and Omissions (BRMA 14F) 
 Inadvertent delays,
errors or omissions made in connection with this Contract or any transaction hereunder shall not relieve either party from any liability which would have attached had such delay, error or omission not occurred, provided always that such error or
omission is rectified as soon as possible after discovery. 
 Article XVIII - Currency (BRMA 12A) 
  

	A.	Whenever the word “Dollars” or the “$” sign appears in this Contract, they shall be construed to mean United States Dollars and all transactions under this
Contract shall be in United States Dollars. 

  

	B.	Amounts paid or received by the Company in any other currency shall be converted to United States Dollars at the rate of exchange at the date such transaction is entered on the
books of the Company. 

 Article XIX - Taxes (BRMA SOB) 
 In consideration of the terms under which this Contract is issued, the Company will not claim a deduction in respect of the premium hereon when making tax returns, other than income or profits tax returns, to any
state or territory of the United States of America or the District of Columbia. 
 Article XX - Federal Excise Tax (BRMA 17D) 
  

	A.	The Reinsurer has agreed to allow for the purpose of paying the Federal Excise Tax the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the
Internal Revenue Code) to the extent such premium is subject to the Federal Excise Tax. 

  

			
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	B.	In the event of any return of premium becoming due hereunder the Reinsurer will deduct the applicable percentage from the return premium payable hereon and the Company or its agent
should take steps to recover the tax from the United States Government. 

 Article XXI - Reserves 
  

	A.	The Reinsurer agrees to fund its share of the Company’s ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss reserves) by:

  

	 	1.	Clean, irrevocable and unconditional letters of credit issued and confirmed, if confirmation is required by the insurance regulatory authorities involved, by a bank or banks meeting
the NAIC Securities Valuation Office credit standards for issuers of letters of credit and acceptable to said insurance regulatory authorities; and/or 

  

	 	2.	Escrow accounts for the benefit of the Company; and/or 

  

	 	3.	Cash advances; 

 if the Reinsurer: 
  

	 	1.	Is unauthorized in any state of the United States of America or the District of Columbia having jurisdiction over the Company and if, without such funding, a penalty would accrue to
the Company on any financial statement it is required to file with the insurance regulatory authorities involved; or 

  

	 	2.	Has experienced any of the circumstances described in paragraph B of the Commencement and Termination Article. However, if such circumstance is rectified, then no special funding
requirements shall apply and any such current funding in accordance with the provisions above shall be released to the Reinsurer. 

 For purposes of this Contract, the Lloyd’s United States Credit for Reinsurance Trust Fund shall be considered an acceptable funding instrument. The Reinsurer, at its sole option, may fund in other than cash if its method and form of
funding are acceptable to the insurance regulatory authorities involved. 
  

	B.	With regard to funding in whole or in part by letters of credit, it is agreed that each letter of credit will be in a form acceptable to insurance regulatory authorities involved,
will be issued for a term of at least one year and will include an “evergreen clause,” which automatically extends the term for at least one additional year at each expiration date unless written notice of non-renewal is given to the
Company not less than 30 days prior to said expiration date. The Company and the Reinsurer further agree, notwithstanding anything to the contrary in this Contract, that said letters of credit may be drawn upon by the Company or its successors in
interest at any time, without diminution because of the insolvency of the Company or the Reinsurer, but only for one or more of the following purposes: 

  

	 	1.	To reimburse itself for the Reinsurer’s share of losses and/or loss adjustment expense paid under the terms of policies reinsured hereunder, unless paid in cash by the
Reinsurer; 

  

			
	 08\H3O1006
 Page 11
	  	

	  

	 	2.	To reimburse itself for the Reinsurer’s snare of any other amounts claimed to be due hereunder, unless paid in cash by the Reinsurer; 

  

	 	3.	To fund a cash account in an amount equal to the Reinsurer’s share of any ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss
reserves) funded by means of a letter of credit which is under non-renewal notice, if said letter of credit has not been renewed or replaced by the Reinsurer 10 days prior to its expiration date; 

  

	 	4.	To refund to the Reinsurer any sum in excess of the actual amount required to fund the Reinsurer’s share of the Company’s ceded outstanding loss and loss adjustment
expense reserves (including incurred but not reported loss reserves), if so requested by the Reinsurer. 

 In the event the
amount drawn by the Company on any letter of credit is in excess of the actual amount required for B(1) or B(3), or in the case of B(2), the actual amount determined to be due, the Company shall promptly return to the Reinsurer the excess amount so
drawn. 
 Article XXII - Insolvency 
  

	A.	In the event of the insolvency of the Company, this reinsurance shall be payable directly to the Company or to its liquidator, receiver, conservator or statutory successor on the
basis of the liability of the Company without diminution because of the insolvency of the Company or because the liquidator, receiver, conservator or statutory successor of the Company has failed to pay all or a portion of any claim. It is agreed,
however, that the liquidator, receiver, conservator or statutory successor of the Company shall give written notice to the Reinsurer of the pendency of a claim against the Company indicating the policy or bond reinsured which claim would involve a
possible liability on the part of the Reinsurer within a reasonable time after such claim is filed in the conservation or liquidation proceeding or in the receivership, and that during the pendency of such claim, the Reinsurer may investigate such
claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated, any defense or defenses that it may deem available to the Company or its liquidator, receiver, conservator or statutory successor. The expense thus
incurred by the Reinsurer shall be chargeable, subject to the approval of the Court, against the Company as part of the expense of conservation or liquidation to the extent of a pro rata share of the benefit which may accrue to the Company solely as
a result of the defense undertaken by the Reinsurer. 

  

	B.	Where two or more reinsurers are involved in the same claim and a majority in interest elect to interpose defense to such claim, the expense shall be apportioned in accordance with
the terms of this Contract as though such expense had been incurred by the Company. 

  

	C.	It is further understood and agreed that, in the event of the insolvency of the Company, the reinsurance under this Contract shall be payable directly by the Reinsurer to the
Company or to its liquidator, receiver or statutory successor, except as provided by Section 4118(a) of the New York Insurance Law or except (1) where this Contract specifically provides another payee of such reinsurance in the event of
the insolvency of the Company or (2) where the Reinsurer with the consent of the direct insured or insureds has assumed such policy obligations of the Company as direct obligations of the Reinsurer to the payees under such policies and in
substitution for the obligations of the Company to such payees. 

  

			
	 08\H3O1006
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 Article XXIII - Arbitration (BRMA 6J) 
  

	A.	As a condition precedent to any right of action hereunder, in the event of any dispute or difference of opinion hereafter arising with respect to this Contract, it is hereby
mutually agreed that such dispute or difference of opinion shall be submitted to arbitration. One Arbiter shall be chosen by the Company, the other by the Reinsurer, and an Umpire shall be chosen by the two Arbiters before they enter upon
arbitration, all of whom shall be active or retired disinterested executive officers of insurance or reinsurance companies or Lloyd’s London Underwriters. In the event that either party should fail to choose an Arbiter within 30 days following
a written request by the other party to do so, the requesting party may choose two Arbiters who shall in turn choose an Umpire before entering upon arbitration, if the two Arbiters fail to agree upon the selection of an Umpire within 30 days
following their appointment, each Arbiter shall nominate three candidates within 10 days thereafter, two of whom the other shall decline, and the decision shall be made by drawing lots. 

  

	B.	Each party shall present its case to the Arbiters within 30 days following the date of appointment of the Umpire. The Arbiters shall consider this Contract as an honorable
engagement rather than merely as a legal obligation and they are relieved of all judicial formalities and may abstain from following the strict rules of law. The decision of the Arbiters shall be final and binding on both parties; but failing to
agree, they shall call in the Umpire and the decision of the majority shall be final and binding upon both parties. Judgment upon the final decision of the Arbiters may be entered in any court of competent jurisdiction. 

  

	C.	If more than one reinsurer is involved in the same dispute, all such reinsurers shall constitute and act as one party for purposes of this Article and communications shall be made
by the Company to each of the reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability
of the reinsurers participating under the terms of this Contract from several to joint. 

  

	D.	Each party shall bear the expense of its own Arbiter, and shall jointly and equally bear with the other the expense of the Umpire and of the arbitration. In the event that the two
Arbiters are chosen by one party, as above provided, the expense of the Arbiters, the Umpire and the arbitration shall be equally divided between the two parties. 

  

	E.	Any arbitration proceedings shall take place at a location mutually agreed upon by the parties to this Contract, but notwithstanding the location of the arbitration, all proceedings
pursuant hereto shall be governed by the law of the state in which the Company has its principal office. 

 Article XXIV - Service of Suit
(BRMA 49C) 
 (Applicable if the Reinsurer is not domiciled in the United States of America, and/or is not authorized in any State, Territory or District
of the United States where authorization is required by insurance regulatory authorities) 
  

			
	 08\H3O1006
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	A.	It is agreed that in the event the Reinsurer fails to pay any amount claimed to be due hereunder, the Reinsurer, at the request of the Company, will submit to the jurisdiction of a
court of competent jurisdiction within the United States. Nothing in this Article constitutes or should be understood to constitute a waiver of the Reinsurer’s rights to commence an action in any court of competent jurisdiction in the United
States, to remove an action to a United States District Court, or to seek a transfer of a case to another court as permitted by the laws of the United States or of any state in the United States. 

  

	B.	Further, pursuant to any statute of any state, territory or district of the United States which makes provision therefor, the Reinsurer hereby designates the party named in its
Interests and Liabilities Agreement, or if no party is named therein, the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as its true and
lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Company or any beneficiary hereunder arising out of this Contract. 

 Article XXV - Governing Law (BRMA 71 B) 
 This Contract shall be
governed by and construed in accordance with the laws of the State of Florida. 
 Article XXVI - Confidentiality 
 The Reinsurer shall maintain the confidentiality of all information reviewed during any inspection as well as the results of such inspection and shall not disclose such
materials to third parties other than the Reinsurer’s outside auditors, legal counsel, or as required in any action brought to enforce the Reinsurer’s rights under this Contract, or as required by a London market lead, regulatory agency,
court order or subpoena, provided that the other party is given prior notice of such regulatory requirement, court order or subpoena. 
 Article XXVII -
Entire Agreement 
 This written Contract constitutes the entire agreement between the parties hereto with respect to the business being reinsured
hereunder, and there are no understandings between the parties hereto other than as expressed in this Contract. Any change or modification to this Contract will be made by amendment to this Contract and signed by the parties. 
 Article XXVIII - Severability (BRMA 72E) 
 If any provision of this
Contract shall be rendered illegal or unenforceable by the laws, regulations or public policy of any state, such provision shall be considered void in such state, but this shall not affect the validity or enforceability of any other provision of
this Contract or the enforceability of such provision in any other jurisdiction. 
  

			
	 08\H3O1006
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 Article XXIX - Notices and Contract Execution 
  

	A.	Whenever a notice, statement, report or any other written communication is required by this Contract, unless otherwise specified, such notice, statement, report or other written
communication may be transmitted by certified or registered mail, nationally or internationally recognized express delivery service, personal delivery, electronic mail, or facsimile. With the exception of notices of termination, first class mail is
also acceptable. 

  

	B.	The use of any of the following shall constitute a valid execution of this Contract or any amendments thereto: 

  

	 	1.	Paper documents with an original ink signature; 

  

	 	2.	Facsimile or electronic copies of paper documents showing an original ink signature; and/or 

  

	 	3.	Electronic records with an electronic signature made via an electronic agent. For the purposes of this Contract, the terms “electronic record,” “electronic
signature” and “electronic agent” shall have the meanings set forth in the Electronic Signatures in Global and National Commerce Act of 2000 or any amendments thereto. 

  

	C.	This Contract may be executed in one or more counterparts, each of which, when duly executed, shall be deemed an original. 

 Article XXX - Intermediary (BRMA 23A) 
 Benfield Inc. is hereby
recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including but not limited to notices, statements, premium, return premium, commissions, taxes, losses, loss adjustment expense, salvages and
loss settlements) relating thereto shall be transmitted to the Company or the Reinsurer through Benfield Inc. Payments by the Company to the Intermediary shall be deemed to constitute payment to the Reinsurer. Payments by the Reinsurer to the
intermediary shall be deemed to constitute payment to the Company only to the extent that such payments are actually received by the Company. 
 In
Witness Whereof, the Company by its duly authorized representative has executed this Contract as of the date undermentioned at: 
 Port St. Lucie, Florida, this 21st day of January in the year 2008. 
  

							
		 	 

		 	 Homeowners Choice Property and Casualty Insurance Company

  

			
	 08\H3O1006
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 Nuclear Incident Exclusion Clause - Physical Damage - Reinsurance (U.S.A.) 
  

	1.	This Reinsurance does not cover any loss or liability accruing to the Reassured, directly or indirectly and whether as Insurer or Reinsurer, from any Pool of Insurers or Reinsurers
formed for the purpose of covering Atomic or Nuclear Energy risks. 

  

	2.	Without in any way restricting the operation of paragraph (1) of this Clause, this Reinsurance does not cover any loss or liability accruing to the Reassured, directly or
indirectly and whether as Insurer or Reinsurer, from any insurance against Physical Damage (including business interruption or consequential loss arising out of such Physical Damage) to: 

  

	 	I.	Nuclear reactor power plants including all auxiliary property on the site, or 

  

	 	II.	Any other nuclear reactor installation, including laboratories handling radioactive materials in connection with reactor installations, and “critical facilities” as such,
or 

  

	 	III.	Installations for fabricating complete fuel elements or for processing substantial quantities of “special nuclear material,” and for reprocessing, salvaging, chemically
separating, storing or disposing of “spent” nuclear fuel or waste materials, or 

  

	 	IV.	Installations other than those listed in paragraph (2) III above using substantial quantities of radioactive isotopes or other products of nuclear fission.

  

	3.	Without in any way restricting the operations of paragraphs (1) and (2) hereof, this Reinsurance does not cover any loss or liability by radioactive contamination accruing
to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, from any insurance on property which is on the same site as a nuclear reactor power plant or other nuclear installation and which normally would be insured therewith
except that this paragraph (3) shall not operate 

  

	 	(a)	where Reassured does not have knowledge of such nuclear reactor power plant or nuclear installation, or 

  

	 	(b)	where said insurance contains a provision excluding coverage for damage to property caused by or resulting from radioactive contamination, however caused. However on and after
1st January 1960 this sub-paragraph (b) shall only apply provided the said radioactive contamination exclusion provision has been approved by the Governmental Authority having jurisdiction thereof. 

  

	4.	Without in any way restricting the operations of paragraphs (1), (2) and (3) hereof, this Reinsurance does not cover any loss or liability by radioactive contamination
accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, when such radioactive contamination is a named hazard specifically insured against. 

  

	5.	It is understood and agreed that this Clause shall not extend to risks using radioactive isotopes in any form where the nuclear exposure is not considered by the Reassured to be the
primary hazard. 

  

	6.	The term “special nuclear material” shall have the meaning given it in the Atomic Energy Act of 1954 or by any law amendatory thereof. 

  

	7.	Reassured to be sole judge of what constitutes: 

  

	 	(a)	substantial quantities, and 

  

	 	(b)	the extent of installation, plant or site. 

 Note.-Without in any
way restricting the operation of paragraph (1) hereof, it is understood and agreed that 
  

	 	(a)	all policies issued by the Reassured on or before 31st December 1957 shall be free from the application of the other provisions of this Clause until expiry date or
31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply. 

  

	 	(b)	with respect to any risk located in Canada policies issued by the Reassured on or before 31st December 1958 shall be free from the application of the other provisions of this
Clause until expiry date or 31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply. 

 12/12/57

 N.M.A. 1119 
 BRMA 35B 
 08\H3O1006 

 Pollution and Seepage Exclusion Clause 
 This Contract excludes loss and/or damage and/or costs and/or expenses arising from seepage and/or pollution and/or contamination, other than contamination from smoke.
Nevertheless, this exclusion does not preclude payment of the cost of removing debris of property damaged by a loss otherwise covered hereunder, subject always to a limit of 25% of the Company’s property loss under the applicable original
policy. 
 BRMA 39A 
 08\H3O1006 

 Terrorism Exclusion 
 (Treaty Reinsurance) 
 Notwithstanding any provision to the contrary within this Contract or any amendment thereto,
it is agreed that this Contract excludes loss, damage, cost or expense directly or indirectly caused by, contributed to by, resulting from, or arising out of or in connection with any act of terrorism, as defined herein, regardless of any other
cause or event contributing concurrently or in any other sequence to the loss. 
 An act of terrorism includes any act, or preparation in respect of action,
or threat of action designed to influence the government de jure or de facto of any nation or any political division thereof, or in pursuit of political, religious, ideological or similar purposes to intimidate the public or a section
of the public of any nation by any person or group(s) of persons whether acting alone or on behalf of or in connection with any organization(s) or government(s) de jure or de facto, and which: 
  

	 	1.	Involves violence against one or more persons; or 

  

	 	2.	Involves damage to property; or 

  

	 	3.	Endangers life other than the person committing the action; or 

  

	 	4.	Creates a risk to health or safety of the public or a section of the public; or 

  

	 	5.	Is designed to interfere with or disrupt an electronic system. 

 This
Contract also excludes loss, damage, cost or expense directly or indirectly caused by, contributed to by, resulting from, or arising out of or in connection with any action in controlling, preventing, suppressing, retaliating against or responding
to any act of terrorism. 
 Notwithstanding the above and subject otherwise to the terms, conditions and limitations of this Contract, in respect only of
personal lines, this Contract will pay actual loss or damage (but not related cost and expense) caused by any act of terrorism provided such act is not directly or indirectly caused by, contributed to by, resulting from, or arising out of or in
connection with biological, chemical, radioactive or nuclear pollution, contamination or explosion. 
 08\H3O1006 

 Interests and Liabilities Agreement 
 of 
 Catlin Insurance Company Ltd. 
 Hamilton, Bermuda  
 (hereinafter
referred to as the “Subscribing Reinsurer”) 
 with respect to the 
 Excess Per Risk 
 Reinsurance Contract 
 Effective: January 1,2008 
 issued
to and duly executed by 
 Homeowners Choice Property and Casualty Insurance Company 
 Port St. Lucie, Florida 
 The Subscribing Reinsurer hereby accepts a 55.0% share in the
interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above. GA3000164028 
 This Agreement shall become
effective on January 1, 2008, and shall remain in force until May 31,2008, both days inclusive, Local Standard Time at the location where the loss occurs, unless earlier terminated in accordance with the provisions of the attached
Contract. 
 The Subscribing Reinsurer’s share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and
shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers. 
 In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date undermentioned at:

 Hamilton, Bermuda, this 30th day of January in the year 2008. 
  

			
		 	 

		 	 Catlin Insurance Company Ltd.

  

			
	08IL\H3O1006	  	

		  

 Interests and Liabilities Agreement 
 of 
 Hannover Rueckversicherungs-Aktiengesellschaft 
 Hannover, Germany  
 (hereinafter
referred to as the “Subscribing Reinsure”) 
 with respect to the 
 Excess Per Risk 
 Reinsurance
Contract 
 Effective: January 1, 2008 
 issued to and duly executed by 
 Homeowners Choice Property and Casualty Insurance Company 
 Port St. Lucie, Florida 
 The Subscribing Reinsurer
hereby accepts a 30.0% share in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above. 
 This
Agreement shall become effective on January 1, 2008, and shall remain in force until May 31, 2008, both days inclusive, Local Standard Time at the location where the loss occurs, unless earlier terminated in accordance with the provisions
of the attached Contract. 
 The Subscribing Reinsurer’s share in the attached Contract shall be separate and apart from the shares of the other
reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers. 
 In any action, suit or proceeding to enforce the Subscribing Reinsurer’s obligations under the attached Contract, service of process may be made upon
Mendes & Mount, 750 Seventh Avenue, New York, New York 10019. 
 In Witness Whereof, the Subscribing Reinsurer by its duly
authorized representative has executed this Agreement as of the date undermentioned at; 
 Hannover,
Germany, this 30th day of January in the year 2008. 
  

			
		 	 

		 	 Hannover-Rueckversicherungs-Aktiengesellschaft

		
		 	

  

			
	08IL\H3O1006	  	

		  

 Interests and Liabilities Agreement 
 of 
 QBE Reinsurance Corporation 
 Philadelphia, Pennsylvania  
 (hereinafter referred to as the “Subscribing
Reinsurer”) 
 with respect to the 
 Excess Per Risk 
 Reinsurance Contract 
 Effective: January 1, 2008 
 issued to and duly executed by 
 Homeowners Choice Property and Casualty Insurance Company 
 Port St. Lucie, Florida 
 The Subscribing Reinsurer hereby accepts a 15.0% share in the interests and
liabilities of the “Reinsurer” as set forth in the attached Contract captioned above. 
 This Agreement shall become effective on January 1,
2008, and shall remain in force until May 31, 2008, both days inclusive, Local Standard Time at the location where the loss occurs, unless earlier terminated in accordance with the provisions of the attached Contract. 
 The Subscribing Reinsurer’s share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with
the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers. 
 In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date undermentioned at: 
 New York, New York, this 31st day of January in the year 2008. 
  

			
		 	 

		 	 QBE Reinsurance Corporation

  

			
	08IL\H3O1006Assignment of Lease

 Exhibit 10.17 
 ASSIGNMENT OF LEASE 
 For the sum of TEN DOLLARS ($10.00) and other good and valuable consideration,
receipt of which is hereby acknowledged, Cypress Underwriters, Inc. (“Assignor”), hereby sells and assigns to Homeowners Choice, Inc., a Florida corporation (“Assignee”), all of Assignor’s right, title and interest in and to
the lease dated November 1, 2005, as amended, for premises within the building located at 145 NW Central Park Plaza, Suite 110, Port St. Lucie, Florida 34986 (the “Lease”), including, inter alia, (i) all security deposits paid to
Landlord by Assignor under the Lease, except to the extent refunded or applied in accordance with the terms thereof, and (ii) all rents and other sums payable under the Lease on or after August 1, 2007 (hereinafter referred to as the
“Effective Date”) or which, whenever paid or payable, are fairly allocable to the time period commencing as of the Effective Date. 
 Assignee hereby assumes all liabilities and obligations of Assignor under the Lease, to the extent arising on or after the Effective Date. Assignor shall indemnify Assignee and hold Assignee harmless from any and all loss or damage which
Assignee may incur or sustain as a result of any liabilities or obligations of Assignor under the Lease, to the extent arising prior to the Effective Date, and Assignee shall indemnify Assignor and hold Assignor harmless from any and all loss or
damage which Assignor may incur or sustain as a result of any liabilities or obligations of Assignee under the Lease, to the extent arising on or after the Effective Date. 
 This Assignment may be executed and delivered in counterparts, each of which together shall constitute an original and one and the same document, and any
facsimile of this Assignment and any signatures hereon shall be treated as originals for all purposes. 
 IN WITNESS WHEREOF, Assignor and
Assignee have executed this Assignment as of this 31 day of July, 2007. 
 Signed, sealed and delivered in the presence of: 
  

							
		 		 	ASSIGNOR:
			
	WITNESSES:	 		 	 CYPRESS UNDERWRITERS, INC.
 a Florida
corporation

				
	 

	 		 	By:	 	 

	 Printed Name
	 		 	Its:	 	CFO
				
	 

	 		 		 	
	Printed Name	 		 		 	
				
	 

	 		 		 	

							
		 		 	ASSIGNEE:
			
		 		 	HOMEOWNERS CHOICE, INC.
				
	 

	 		 	By:	 	 

	 Printed Name
	 		 	Its:	 	CFO
				
	 

	 		 		 	Ronald E. Chapman
	Printed Name	 		 		 	

  

			
	STATE OF FLORIDA	  	)
	COUNTY OF ST. LUCIE	  	)

 The foregoing was acknowledged before me
this 31st day of July, 2007, by Richard E. Chapman, as CFO of Cypress Underwriters, Inc., a Florida corporation, who is personally known to me or
has produced Personally as identification. 
  

					
	

	 	 NOTARY PUBLIC
 State of Florida at Large

	 	  
 Name:
	 	 

	 	Commission No,:

  

			
	STATE OF FLORIDA	  	)
	COUNTY OF ST. LUCIE	  	)

 The foregoing was acknowledged before me
this 31st day of July, 2007, by Ronald E. Chapman as COO of Homeowners Choice, Inc., who is personally known to me or has produced personally known
as identification. 
  

					
		 	 NOTARY PUBLIC
 State of Florida at Large

	 	  
 Name:
	 	 

	 	Commission No,:

 

 

 LANDLORD CONSENT 
 Landlord
consents to the above referenced assignment between Cypress Underwriters, Inc. and Homeowners Choice, Inc., as amended to date (the “Lease”), in accordance with the terms of the foregoing Assignment of Lease Agreement; provided,
however, (i) neither the undersigned nor its successors or assigns shall be obligated to consent to any future or other assignment or agreement, or grant any similar or other indulgence, and (ii) neither this consent nor the
foregoing Assignment of Lease Agreement shall release Assignor from the payment or performance of any obligations or liabilities now existing or hereafter arising under the Lease, it being intended that, from this day forward, Assignor and Assignee
shall be jointly and severally liable to Landlord and its successors and assigns for the payment and performance of all obligations and liabilities now existing or hereafter arising under the Lease. 
  

							
	WITNESSES:	 		 	 LANDLORD:
  
 UNITY PROPERTY DEVELOPMENT CORPORATION,
 a Florida
corporation

				
	

	 		 	By:	 	 

	Printed Name	 		 	Its:	 	  

				
	 

	 		 		 	
	Printed Name	 		 		 	

  

			
	STATE OF FLORIDA	  	)
	COUNTY OF ST. LUCIE	  	)

 The foregoing was acknowledged before me
this 31st day of July, 2007, by Ronald E. Chapman, as Vice President of Unity Property Development Corporation, who is personally known to me or has
produced Personally Known as identification. 
  

					
	

	 	 NOTARY PUBLIC
 State of Florida at Large

	 	  
 Name:
	 	 

	 	Commission No,:

 MASTER LEASE 
 BETWEEN 
 UNITY PROPERTY DEVELOPMENT CORPORATION 
 AND 
 MARK BARNES 
 THIS LEASE IS MADE AND ENTERED INTO EFFECTIVE THIS 1st DAY OF NOVEMBER, 2005, BY AND BETWEEN UNITY PROPERTY DEVELOPMENT CORPORATION, INC., A FLORIDA CORPORATION, HEREINAFTER REFERRED TO AS “LANDLORD”, AND MARK
BARNES, AN INDIVIDUAL, HEREINAFTER REFERRED TO AS “TENANT.” 
 W I T N E S S E T H : 
 FOR AND IN CONSIDERATION OF THE RENTS, COVENANTS, CONDITIONS, AGREEMENTS AND ATTACHMENTS HEREIN SET FORTH, LANDLORD AND TENANT DO HEREBY COVENANT,
PROMISE AND AGREE TOGETHER AS FOLLOWS: 
 1. GENERAL SPECIFICATIONS: 
  

					
	LANDLORD	 	Name:	  	Unity Property Development Corporation
			
		 	Address:	  	145 NW Central Park Plaza, Suite 200, Port St. Lucie, FL 34986
			
		 	Telephone:	  	772/873-5900
			
	TENANT	 	Name:	  	MARK BARNES, an individual
			
		 	Address:	  	145 NW Central Park Plaza, Port St. Lucie, FL 34986
			
		 	Telephone:	  	(772) 340-0180 
			
	PREMISES	 	Address:	  	145 NW Central Park Plaza, Port St. Lucie, FL 34986
			
		 		  	Number: 114 and 115                    Approx.Sq.Ft.:
1460                    Percentage:
		
	PARKING:	 	No Assigned Parking Spaces
		
	USE:	 	Mortgage Financing Company
			
	SECURITY DEPOSIT:	 		  	$ 1,764.17 LAST MONTH’S: $2,591.50
			
	TERM:	 		  	Original Term for One 3 year period, commencing the 1st day of November
2005.
			
		 		  	1 Option(s) to Extend Term for 3 years and adjusted according to paragraph 8 of the Lease.
			
	BASE RENT:	 		  	$21,170.00 per year for Year 1, payable $1,764.17 per month.
			
	OTHER CHARGES:	 		  	$8,030.00 per year for Year 1, payable $669.17 per month (estimated cost for taxes, insurance and maintenance at the rate of $5.50 per square foot of tenant square footage for the first year
and subject to adjustment as per paragraph 7).

  

 1 of 12 
 

 

					
	SALES TAX @6.5 % = $1,898.00 per year and $158.17 per month
		
	TOTAL RENT AND CHARGES:	 	$31,098.00 per Year 1 $52,591.51 per month.

 2. RULES AND REGULATIONS: Tenant shall comply with the Addendum for Rules and
Regulations attached hereto and made apart of this lease contract, and shall have the rights and easements in common with Landlord and other Tenants and their Invitees in the use of the parking areas, roadways, sidewalks, and access ways to public
streets and highways. 
 3. USE OF PREMISES: Tenant agrees not to use the premises, or to permit their use or the use of any
part of them, for any reason other than office space for mortgage lending and banking services. 
 4. COMMENCEMENT DATE AND TERM: The lease term shall begin on the 1st day of November 2005, and shall
continue thereafter for three (3) years until the 31st day of October, 2008, at which time, shall automatically renew, unless Tenant provides written notice of his Intent to Terminate the Lease at least thirty (30) days prior to the expiration of the of the Lease.
Tenant currently is in possession of the property under the auspices of Ivanhoe Financial, Inc. Upon obtaining Landlord’s written consent, Tenant shall have the right to assign said lease to Ivanhoe Financial, Inc., its successors and/or
assigns. 
 5. RENT: TENANT SHALL PAY LANDLORD AS BASE RENT FOR THE PREMISES AN ANNUAL RENT OF TWENTY ONE THOUSAND ONE HUNDRED
SEVENTY AND NO/100 ($21,170.00) DOLLARS FOR THE FIRST YEAR, TOGETHER WITH COMMON AREA MAINTENANCE CHARGES PER ANNUM OF EIGHT THOUSAND THIRTY AND NO/100 ($8,030.00) DOLLARS AND PER ANNUM SALES TAX IN THE AMOUNT OF ONE THOUSAND EIGHT HUNDRED NINETY
EIGHT AND NO/100 ($1,898.00) DOLLARS ALL FOR A TOTAL AMOUNT DUE OF THIRTY ONE THOUSAND NINETY EIGHT AND NO/100 ($31,098.00) DOLLARS. THIS AMOUNT IS PAYABLE IN MONTHLY INSTALLMENTS OF TWO THOUSAND FIVE HUNDRED NINETY-ONE AND 50/100 ($2,591.50)
DOLLARS, INCLUDING COMMON AREA MAINTENANCE CHARGES AND SALES TAX. Landlord is currently holding security deposit and last month’s rent for Tenant’s employer, Ivanhoe Financial, Inc. All parties agree that as a condition for transferring
the lease into Mark Barnes’ name, Landlord shall by book entry transfer the security deposit and last month’s rent for the benefit of Mark Barnes. Mark Barnes shall be responsible to Ivanhoe Financial, Inc. for repayment or reimbursement
of the security deposit and last month’s rent and shall indemnify Landlord for any liability thereof. Landlord agrees herewith not to increase the required security deposit or last month’s rent as required by this lease. Unless otherwise
agreed, the base rent shall be adjusted for each year, as of the first day of the new lease year, in portion to the increase in the Consumer Price Index (CPI) as of said anniversary date of the Lease. Unless otherwise determined, base rent shall
increase annually at a rate not to exceed seven (7%) percent per year. 
  

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 6. SECURITY DEPOSIT: As security for the faithful performance by Tenant of all the terms
and conditions of this Lease, Tenant shall pay a security deposit equal to one (1) month’s base rent to secure the faithful performance of this Lease. Landlord may commingle the security deposit with its other funds and, in the event of a
sale of the building or of the land on which it stands, or a lease of the land or building or both, Landlord shall have the right to transfer the security deposit to Buyer or Tenant and Landlord shall be released from all liability to Tenant for the
return of such security, and Tenant shall look only to the new Landlord for the return of the said security. The security deposit shall not be mortgaged, assigned or encumbered by Tenant without the written consent of Landlord. In the event of a
permitted assignment of this Lease by Tenant, the security deposit shall be held by Landlord as a deposit made by the assignee and Landlord shall have no further liability with respect to the return of said security deposit to Tenant. If any of the
rents herein reserved or any other sum payable by Tenant to Landlord shall be overdue and unpaid or should Landlord make payments on behalf of Tenant, or if Tenant shall fail to perform any of the terms of this Lease, then Landlord may, at its
option and without prejudice to any other remedy which Landlord may have an account thereof, appropriate and apply said entire deposit or so much thereof as may be necessary to compensate Landlord toward the payment of rent, loss or damage sustained
by Landlord due to such breach on the part of Tenant, and Tenant shall forthwith upon demand restore said security to the original sum deposited. The security deposit shall be returned to Tenant, without interest, upon the expiration of the Lease
term and any extended term thereof, providing that Tenant has fully carried out all the terms, covenants and conditions of this Lease, 
 7.
COMMON AREA MAINTENANCE: Tenant shall pay a common area maintenance (“CAM”) charge of Five and 50/100 ($5.50) per square foot per month for all utility charges, real estate taxes, cleaning,
maintenance of the grounds, and other common expenses of the building. If the expenses exceed the CAM charges for the year, Landlord shall provide Tenant with notice by January 10th of the succeeding year to pay Tenant’s pro rata share.
Tenant shall have thirty (30) days to pay the amount owed. Failure to pay same is a breach of this Lease. 
 8. OPTION TO
RENEW: This Lease shall be automatically renewed for a period of three (3) years, unless Tenant provides Landlord with written notice of Tenant’s intention not to renew at least thirty (30) days prior to the expiration of said
lease. In the event that the Lease is renewed, said renewal shall be upon the same terms, covenants and conditions as provided in this Lease for the initial term. 
 9. LANDLORD’S MORTGAGE RIGHTS: Landlord reserves unto itself the right to subject and subordinate this Lease, at all times, to the lien of any mortgage or security instrument now or hereafter placed
upon Landlord’s interest in said premises, and on the land demised herein; provided, however, that no default by Landlord in such mortgage(s) or security instrument shall affect Tenant’s rights under this Lease, so long as Tenant shall not
be in default hereunder. Tenant acknowledges that Landlord’s mortgagee may require Tenant to annually provide it with a copy of Tenant’s updated financial statements. 
 10. SUBLETTING: Except as herein set forth, Tenant shall not sublease or assign the 

  

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herein demised premises except upon the written approval by Landlord of the sub-tenant or the assignee. If Tenant has outgrown the space, Tenant may sublet
the premises during the third year of this Lease to a tenant acceptable to Landlord. Landlord agrees to be reasonable in its determination of acceptability. 
 11. FIRE CLAUSE: Landlord covenants and agrees that it will carry, during the term of this Lease, fire and extended coverage on the building, of which the demised premises form a part, on at least an
eighty (80%) percent co-insurance basis. If the demised premises shall be damaged or destroyed or rendered untenantable, in whole or in part, by (or as a result of) the consequence of a fire or other casualty during the term hereof, Landlord
shall repair and restore the same to good and tenantable condition with reasonable dispatch; and the minimum rents herein provided shall abate pro rata during the untenantability of the premises; and they shall abate pro rata if only a portion is
untenantable until the same shall be restored to a tenantable condition. In the event said premises are not repaired and restored to a tenantable condition on or before one hundred and eighty (180) days from the date of the damage or
destruction, Tenant or Landlord may, at their option, terminate this Lease by written notice to the other and thereafter each party shall be released from all liability and obligation under this Lease. 
 12. REPAIRS AND MAINTENANCE: During the entire term of this Lease, Tenant shall keep the interior of the demised premises in good and
proper condition and repair; ordinary wear, tear and depreciation excepted. 
 Landlord shall maintain the structural soundness of the
premises, the outside walls, roof on the premises, sidewalks, foundation, parking lot, landscaping and driveway. Landlord shall maintain all heating, air conditioning and ventilation systems, windows, plumbing, and wiring on the premises. Tenant is
required to replace air-conditioning filters and light bulbs, and repair any walls, flooring, and/or restroom facilities within Tenant’s leased space, to extent that such damage is caused by Tenant 
 13. PEACEFUL POSSESSION: Landlord warrants and represents mat it has full right and power to execute this Lease and to grant the estate
demised herein and that Tenant, upon payment of the herein reserved rents and upon the performance of the covenants, terms and conditions herein set forth, shall peaceably and quietly have and hold the demised premises and all rights, easements,
appurtenances, and privileges belonging, or in anyway pertaining, thereto during the full term of this Lease, subject to the attached Rules and Regulations, which may be changed from time to time. 
 14. DEFAULT: If the rent herein reserved to Landlord, or any part thereof, shall remain unpaid for a period of five (5) days, or
should Tenant be in default under any provision of this Lease and remain so in default for a period of fifteen (15) days after written notice to Tenant of said nonpayment or for other default, then in such event Landlord may, by giving notice
to Tenant at any time thereafter: (A) Terminate tin’s Lease and accelerate the remainder of the rent payments under the Lease and call them immediately due; (B) Re-enter the demised premises by summary proceedings or otherwise; or
(C) Avail itself of any and all remedies at law or in equity reserved to Landlords in the State of Florida. Rent that is more than thirty (30) days late, in addition to late charges, will incur interest at the rate of eighteen
(18%) percent per annum. 
  

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 If any default by Tenant (Except payment of rent) cannot be reasonably remedied within fifteen
(15) days after written notice of default is given to Tenant by Landlord, then Tenant shall have such additional time as shall be reasonably necessary to correct said default. Tenant shall notify Landlord in writing of the reason the default
could not be cured within fifteen (15) days and a reasonable time schedule in which the default will be cured. 
 In the event Tenant
shall desert, abandon or vacate the herein demised premises, Landlord shall be entitled to avail itself of any of the several remedies in law and in equity in the State of Florida. 
 After the fifth (5th) day beyond the due date, all late payments shall be subject to a late charge of five (5%) percent of the base rent.

 Tenant shall be in default if, without Landlord’s written consent, Tenant’s business changes ownership or the current
owner’s interest in said business is diluted by at least twenty-five (25%) percent. 
 15. LIABILITY FOR DAMAGES:
Landlord shall not be liable for any damage to property of Tenant or others located on the demised premises, nor the loss of nor damage to, any property of Tenant or others by theft or otherwise. Landlord shall not be liable for any injury or damage
to persons or property resulting from (but not limited to) fire, explosion, falling plaster, steam, gas electricity, water, rain, or leaks from any part of the demised premises or from the pipes, appliances or plumbing works or from the roof, or
from any other place or by dampness or any other cause of whatsoever nature. Landlord shall not be liable for any such damage caused by other Tenants or persons in the demised premises. All property on the demised premises shall be so kept or stored
at the risk of Tenant only and Tenant shall hold Landlord harmless from any claims by Tenant’s insurance carriers. 
 Nothing herein
shall be deemed to extend liability or responsibility to Tenant for any injuries or damages caused by or resulting from defects or conditions existing or occurring in or upon common areas controlled by Landlord including but not limited to
sidewalks, parking areas or streets. 
 16. LIABILITY INSURANCE: Tenant agrees to be responsible for any damage to the property
of Landlord which may result from any use of the demised premises, or any act done thereon by Tenant or any person coming or being thereon by the license or permission of Tenant, express or implied; and also to hold Landlord harmless from any
liability to any person or estate, for damage to person or property, resulting from any such causes; and to protect such liability with public liability insurance and to furnish Landlord at the commencement of the term a certificate issued by the
insurance carrier showing such insurance in force and with Landlord covered thereby with minimum limitations of at least Three Hundred Thousand ($300,000.00) Dollars in case of bodily injury or death and at least Three Hundred Thousand ($300,000.00)
Dollars in case of property damage. 
  

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 17. EMINENT DOMAIN: In the event the demised premises, or any part thereof, shall be taken
or condemned for public purposes by any competent authority or a conveyance is made in lieu thereof, the entire compensation awarded thereof shall belong to Landlord without any deduction therefrom for any present or future estate of Tenant;
provided, however, that in the event any part of the demised premises (as herein identified), or more than twenty (20%) percent of the land area constituting the professional center, shall be taken under the powers of eminent domain, Tenant or
Landlord shall have the option of terminating this Lease upon the giving by Tenant to Landlord of written notice of such election within thirty (30) days after the condemnation or the conveyance in lieu of condemnation, if Landlord or Tenant
does not so elect to terminate this Lease, Landlord, at its own expense, shall repair or restore the premises not affected by the taking and, thereafter, if part of the demised premises themselves have been taken or condemned the fixed minimum rent
to be paid by Tenant to Landlord shall be abated in proportion to the amount of the demised premises taken. 
 18. FIXTURES:
All additions, fixtures or improvements which may be made by Tenant, except movable office furniture, shall become the property of Landlord and remain upon the premises as a part thereof, and be surrendered with the premises at the termination of
this Lease. 
 19. INSPECTION OF PREMISES: Landlord reserves unto itself the right to enter upon the herein leased premises at
any and all reasonable times and hours for the purpose of inspecting and/or repairing the premises. 
 20. REPAIR OF PREMISES:
In the event that Tenant shall fail to maintain and keep the premises in a good state of repair, Landlord may, at its option, enter upon Tenant’s premises and make such repairs as it shall deem necessary, charging Tenant therefor (together with
interest on such expenditures at the rate of twelve (12%) percent per annum at the time of the next monthly rental payment. This paragraph shall not be construed as a requirement that such repairs be made by Landlord, but shall be construed to
be a reserved right of Landlord to protect and preserve the herein leased property. 
 21. INSPECTION OF PREMISES BY TENANT:
Tenant shall inspect the premises herein leased upon its taking possession thereof and, except as to latent or hidden defects, shall be deemed to have accepted the same in good and proper condition. 
 22. WAIVER AND EXTENSION: Any waiver, forbearance or extension is only as to the particular act or thing involved and shall not be
construed to be a general waiver, forbearance or extension of any provision of this Lease on any subsequent occasion. 
 23. CONDITIONS
OF PREMISES AT TERMINATION OF LEASE: Tenant covenants with Landlord that it will quit, surrender and release the premises upon the termination of this Lease, whether by default hereunder, exercise of option, or expiration of the lease term
in as good a state and condition as they were at the time Tenant entered into this Lease, reasonable wear and tear only excepted. 
  

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 24. NOTICES: All notices required under this Lease shall be made in writing and shall be
deemed to be properly served if sent by hand delivery, registered or certified mail, return receipt requested, deposited in an official depository of the United States Government, properly addressed to Tenant or Landlord at the address set forth in
paragraph 1 of this Lease, or to any subsequent address which Tenant or Landlord may designate for such purposes, said registered or certified letter being first properly sealed and stamped. 
 25. HOLDING OVER: In the absence of any specific and subsequent agreement between the parties hereto to the contrary, should Tenant hold
over and remain in possession of the herein demised premises after the expiration of the term of this Lease, Tenant shall be deemed to have exercised the option to renew the lease and such tenancy shall be governed by the laws of the State of
Florida. 
 26. BINDING UPON SUCCESSORS, ETC.: The several terms and conditions of this Lease made and entered into between the
parties, shall be biding upon their respective heirs, representatives, successors and assigns. The terms “Landlord” and “Tenant” shall represent the heirs, representatives, administrators an assigns, and also the plural, when
necessary, and refer to either gender, or a corporate entity. This Lease contains the complete agreement between the parties and embodies all the lease terms and conditions agreed upon. Any oral representations which may exist, and are not included
in the several written terms and conditions of this Lease, shall not be binding upon either of the parties hereto. 
 27. COMPLIANCE
WITH AMERICANS WITH DISABILITIES ACT (“ADA”): Notwithstanding anything in this Lease to the contrary, Landlord shall be solely responsible for insuring, at Landlord’s sole expense, that the exterior premises and the building
comply in all respects with the ADA at all times during the term of this Lease. Landlord will indemnify Tenant from any loss, costs, or liability resulting from the failure of the exterior premises on the building to comply with the ADA. 

 

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 IN WITNESS WHEREOF, THE PARTIES HERETO HAVE HEREUNTO SET THEIR HANDS AND SEALS ON THE
         DAY OF OCTOBER, 2005. 
  

							
	Witnesses as to Landlord	 		 	UNITY PROPERTY DEVELOPMENT CORPORATION
				
	  
	 		 	BY	 	  

				
	  
	 		 		 	
	Witnesses as to Tenant	 		 	MARK BARNES
			
	 

	 		 	 

	April Boyd	 		 		 	
				
	  
	 		 		 	
			
	Witnesses as to Ivanhoe Financial, Inc.	 		 	IVANHOE FINANCIAL, INC.
			
	 

	 		 	 

	Roberta Gaffney	 		 	Paul F. Reich, President

  

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 UNITY ONE AT ST. LUCIE WEST 
 RULES AND REGULATIONS 
 ADDENDUM 
 1. (a) No sign, placard, picture, advertisement, name, or notice shall be inscribed, displayed, printed, or affixed on or to any part of the outside or
inside of the building without the prior written consent of Landlord, and Landlord shall have the right to remove any such sign, placard, picture, advertisement, name, or notice without notice to and at the expense of Tenant. 
 (b) All approved signs or lettering on doors shall be printed, painted, affixed, or inscribed at the expense of Tenant by a person approved by Landlord.

 (c) If Landlord, by a notice in writing to Tenant, shall object to any curtains, blinds, shades, or screens attached to or hung in or used
in connection with any window or door of the premises, the use of the curtains, blinds, shades, or screens shall immediately be discontinued by Tenant. 
 2. No Tenant shall obtain, for use upon the premises, without prior approval of Landlord, any permanent fixtures or plumbing fixtures for ice, drinking water, and other similar services, except as authorized by
Landlord. 
 3. The bulletin board or directory of the building will be provided exclusively for the display of the name and location of
Tenant only; and Landlord reserves the right to exclude any other names from it. 
 4. The sidewalks, halls, passages, exits, entrances,
elevators, and stairways shall not be obstructed by any Tenants or used by them for any purpose other than for ingress to and egress from their respective premises. The halls, passages, exits, entrances, elevators, and stairways are not for the use
of the general public, and Landlord shall in all cases retain the right to control and prevent access to them by all persons whose presence in the judgment of Landlord shall be prejudicial to the safety, character, reputation, and interest of the
building and its Tenants, provided that nothing in this lease shall be construed to prevent such access to persons with whom Tenant normally deals in the ordinary course of Tenant’s business, unless those persons are engaged in illegal
activities. 
 5. Tenant shall not alter any lock nor install any new or additional locks or any bolts on any door on the premises without
prior consent of Landlord and without providing a copy of the key to the Landlord. 
 6. The doors, windows, glass lights, and any lights or
skylights that reflect or admit light into the halls or other places of the building shall not be covered or obstructed. The bathrooms, toilets, urinals, sinks and other facilities shall not be used for any purpose other than that for which they
were constructed, and no foreign substance of any kind whatsoever shall be thrown inside the facilities. The expense of any breakage, stoppage or damage resulting from the violation of this rule shall be borne by Tenant who, or whose employees or
invitees, cause it. 
  

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 7. No furniture, freight, or equipment of any kind shall be brought into the building without the consent
of Landlord, and all moving of it into or out of the building shall be done at the time and manner as Landlord shall designate. Landlord shall have the right to prescribe the weight, size, and position of all safes and other heavy equipment brought
into the building, and also the times and manner of moving them in and out of the building. Landlord will not be responsible for loss of or damage to any safe or property from any cause; and all damage done to the building by moving or maintaining
any safe or other property shall be repaired at the expense of Tenant. 
 8. Tenant shall not cause any unnecessary labor by reason of
Tenant’s carelessness or indifference in the preservation of good order and cleanliness. Landlord shall not be responsible to any Tenant for any loss of property on the premises, however occurring, or for any damage done to the effects of any
Tenant by the janitor or any other employee or any other person. 
 9. No Tenant shall sweep or throw, or permit to be swept or thrown from
the premises, any dirt or other substance into any of the corridors, halls, or elevators, or out of the doors or windows or stairways of the building. Tenant shall not use or keep, or permit to be used or kept, any foul or noxious gas or substance
in the premises, or permit or suffer the premises to be occupied or used in a manner offensive or objectionable to Landlord or other occupants of the building by reason of noise, odors, and/or vibrations, or interfere in any way with other Tenants
or those having businesses in the premises, nor shall any animals or birds be brought in or kept in or about the premises or the building. 
 10. No cooking, other than through the use of a microwave, shall be done or permitted by any Tenant on the premises, without Landlord’s permission, nor shall the premises be used for the storage of merchandise, for washing clothes, for
lodging, or for any improper, objectionable, or immoral purposes. 
 11. Tenants shall not use or keep in the premises or the building any
kerosene, gasoline, or inflammable or combustible fluid or material, or use any method of heating or air conditioning other than that supplied by Landlord. 
 12. Each Tenant, upon termination of the tenancy, shall deliver to Landlord the keys of offices, rooms, post office box and bathrooms which have been furnished Tenant or which Tenant shall have had made, and in the
event of loss of any keys furnished, shall pay Landlord for them. 
 13. No Tenant shall lay linoleum, tile, carpet, or other similar floor
covering so that they shall be affixed to the floor of the premises in any manner except as approved by Landlord. The expense of repairing any damage resulting from a violation of this rule or from the removal of any floor covering shall be borne by
Tenant by whom, or by whose contractors, employees, or invitees, the damage shall have been caused. 
  

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 14. No furniture, packages, supplies, equipment, or merchandise will be received in the building or
carried up or down in the elevators, except between such hours and in such elevators as shall be designated by Landlord. 
 15. On Sundays
and legal holidays, and on other days between the hours of 6:30 p.m. and 7:30 a.m. the following day, access to the building, or to the halls, corridors, elevators, or stairways in the building, or to the premises, may be refused unless the person
seeking access is known to the person or employee of the building in charge and has a pass or is properly identified. Landlord shall in no case be liable for damages for any error with regard to the admission to or exclusion from the building of any
person. In case of invasion, mob, riot, public excitement, or other commotion, Landlord reserves the right to prevent access to the building during the continuance of the same by closing the doors or otherwise for the safety of Tenants and
protection of property in the building and the building itself. 
 16. Tenant shall see that the windows, transoms, and doors of the premises
are closed and securely locked before leaving the building, and must observe strict care not to leave windows open when it rains. Tenant shall exercise extraordinary care and caution that all water faucets or water facilities are entirely shut off
before Tenant or Tenant’s employees leave the building, and that all electricity, gas, or air conditioning shall likewise be carefully shut off, unless otherwise provided for by Landlord, so as to prevent waste or damage. In the event of any
default or carelessness, Tenant shall pay for all injuries suffered by other Tenants or occupants of the building or Landlord. 
 17.
Landlord reserves the right to exclude or expel from the building any person who, in the judgment of Landlord, is intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of the rules and
regulations of the building. 
 18. The requirements of Tenant will be attended to only upon application at the office of the building.
Employees of Landlord shall not perform any work or do anything outside of their regular duties unless under special instruction from Landlord. No employee of Landlord will admit any person, Tenant or otherwise, to any office without specific
instructions from Landlord. 
 19. No vending machine or machines of any description shall be installed, maintained, or operated upon the
premises without the written consent of Landlord. 
 20. Landlord reserves the right to close and keep locked all entrance and exit doors of
the building on Sundays and legal holidays, and on other days between the hours of 9:00 p.m. and 7:00 a.m. of the following day, and during such further hours as Landlord may deem advisable for the adequate protection of the building and the
property of its Tenants. 
 21. Landlord shall have the right, exercisable without notice and without liability to Tenant, to change the name
and the street address of the building of which the premises are a part. 
 22. The word “building” as used in these rules and
regulations means the building of which the premises are a part. 
  

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 23. Unity One At St. Lucie West is a “Smoke Free” building. Smoking inside of the building is
strictly prohibited. Designated smoking areas are outside of the main entrance and the east and north exit doors. 
 In witness, the parties
have executed this Agreement at Port St. Lucie, St. Lucie County, Florida, on this      day of OCTOBER, 2005. 
  

							
	As to Landlord	 		 	LANDLORD
				
	 

	 		 	By:	 	 

	Witness Susan M. Seigle	 		 	Title:	 	

				
	 

	 		 		 	
	Witness Mary Mason	 		 		 	
			
	As to Tenant	 		 	TENANT
				
	 

	 		 	By:	 	 

	Witness April Boyd	 		 	Title:	 	Branch Manager
				
	 

	 		 		 	
	Witness Frederick Zimmerman	 		 		 	

  

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