DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

Vacant Land Contract

* 1. EDITH L. MCGOWEN
Sale and Purchase: ____________________________ ("Seller")
2 * and _ _______________________________ ("Buyer")
WJHFL LLC, d/b/a WJH LLC, a Delaware limited liability company
3 (the "parties") agree to sell and buy on the terms and conditions specified below the property ("Property")
4 described as:
5 * Address: -------------------------------------
FALCON DR CHIPLEY, FL 32428
6 * Lega I Description:- --------------------------------
SUNNY HILLS UNIT #1 LOT 18 ORB 122 P 382 BLK 0038 -
7
8
9
10
11 * SEC 35 /TWP 2 /RNG 14 of _______ WASHINGTON _ County, Florida. Real Property ID No.: _ _____
00000000-01-0038-0018

12 * including all improvements existing on the Property and the following additional property: _________
13
14 * 2. Purchase Price: (U.S. currency) ............................................................................................. $ -------
12,000.00
15 All deposits will be made payable to "Escrow Agent" named below and held in escrow by:
16 * Escrow Agent's Name: -------------------------
First American Title Insurance Company
17 * Escrow Agent's Contact Person: _ ____________________
Heather Abshier / Evelyn Marqueda _
18 * Escrow Agent's Address: 12740 Gran Bay Pkwy W. STE 2120, Jacksonville, FL 32258
19 * Escrow Agent's Phone: _ _______________________
(904) 519-7700 _
20 * Escrow Agent's Email: -------------------------
LotClosings@FirstAM.com
21 (a) Initial deposit ($0 if left blank) (Check if applicable)
22 * D accompanies offer
23 * D will be delivered to Escrow Agent within __
✔ 7 days (3 days if left blank)
24 * after Effective Date ........................................................................................................... $ -------
500.00
25 (b) Additional deposit to be delivered to Escrow Agent (Check if applicable)
26 * D within __ days (10 days if left blank) after Effective Date
27 * D within __ days (3 days if left blank) after expiration of Feasibility Study Period ...... $ ______
28 * (c) Total Financing (see Paragraph 5) (express as a dollar amount or percentage)............... $ _______
29 * (d) Other: ________________________ $ ______
30 (e) Balance to close (not including Buyer's closing costs, prepaid items, and prorations)
31 * to be paid at closing by wire transfer or other Collected funds .......................................... $ _ ______
11,500.00
32 * (f) D (Complete only if purchase price will be determined based on a per unit cost instead of a fixed price.) The
33 * unit used to determine the purchase price is D lot D acre D square foot D other (specify): _______
34 * prorating areas of less than a full unit. The purchase price will be $ ________ per unit based on a
35 calculation of total area of the Property as certified to Seller and Buyer by a Florida licensed surveyor in
36 accordance with Paragraph 7(c). The following rights of way and other areas will be excluded from the
37 * calculation: -----------------------------------
38 3. Time for Acceptance; Effective Date: Unless this offer is signed by Seller and Buyer and an executed copy
39 * delivered to all parties on or before ___________
APRIL 14, 2023 _ , this offer will be withdrawn and Buyer's deposi� if
40 any, will be returned. The time for acceptance of any counter offer will be 3 days after the date the counter offer is
41 delivered. The "Effective Date" of this contract is the date on which the last one of the Seller and Buyer has
42 signed or initialed and delivered this offer or the final counter offer.
43 * 4. Closing Date: This transaction will close on ____________
see Lines 345 and 346 ("Closing Date"), unless specifically
44 extended by other provisions of this contract. The Closing Date will prevail over all other time periods including, but
45 not limited to, Financing and Feasibility Study periods. However, if the Closing Date occurs on a Saturday,
46 Sunday, or national legal holiday, it will extend to 5:00 p.m. (where the Property is located) of the next business
47 day. In the event insurance underwriting is suspended on Closing Date and Buyer is unable to obtain property
48 insurance, Buyer may postpone closing for up to 5 days after the insurance underwriting suspension is lifted. If
49 this transaction does not close for any reason, Buyer will immediately return all Seller provided documents and
50 other items.
51 5. Extension of Closing Date: If Paragraph 6(b) is checked and Closing Funds from Buyer's lender(s) are not
52 available on Closing Date due to Consumer Financial Protection Bureau Closing Disclosure delivery requirements
Buyer ( _) ( _) and Seller ( _) ( _) acknowledge receipt of a copy of this page, which is 1 of 8 pages.
DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

53 ("CFPB Requirements), if applicable, then Closing Date shall be extended for such period necessary to satisfy
54 CFPB Requirements, provided such period shall not exceed 10 days.
55 6. Financing: (Check as applicable)
56 * D
(a) ✔ Buyer will pay cash for the Property with no financing contingency.
57 * (b) D This contract is contingent on Buyer qualifying for and obtaining the commitment(s) or approval(s) specified
58 * below ("Financing") within ____ days after Effective Date (Closing Date or 30 days after Effective Date,
59 * whichever occurs first, if left blank) ("Financing Period"). Buyer will apply for Financing within ____ days
60 after Effective Date (5 days if left blank) and will timely provide any and all credit, employment, financial, and
61 other information required by the lender. If Buyer, after using diligence and good faith, cannot obtain the
62 Financing within the Financing Period, either party may terminate this contract and Buyer's deposit(s) will be
63 returned.
64 * (1) D New Financing: Buyer will secure a commitment for new third party financing for$----�-
65 * or ____ % of the purchase price at (Check one) D a fixed rate not exceeding _____ % Dan
66 * adjustable interest rate not exceeding ___ % at origination (a fixed rate at the prevailing interest rate
67 based on Buyer's creditworthiness if neither choice is selected). Buyer will keep Seller and Broker fully
68 informed of the loan application status and progress and authorizes the lender or mortgage broker to
69 disclose all such information to Seller and Broker.
70 * (2) D Seller Financing: Buyer will execute a D first D second purchase money note and mortgage to
71 * Seller in the amount of$______ , bearing annual interest at ___ % and payable as follows:
72 *
73 The mortgage, note, and any security agreement will be in a form acceptable to Seller and will follow
74 forms generally accepted in the county where the Property is located; will provide for a late payment fee
75 and acceleration at the mortgagee's option if Buyer defaults; will give Buyer the right to prepay without
76 penalty all or part of the principal at any time(s) with interest only to date of payment; will be due on
77 conveyance or sale; will provide for release of contiguous parcels, if applicable; and will require Buyer to
78 keep liability insurance on the Property, with Seller as additional named insured. Buyer authorizes Seller
79 to obtain credit, employment, and other necessary information to determine creditworthiness for the
80 financing. Seller will, within 10 days after Effective Date, give Buyer written notice of whether or not Seller
81 will make the loan.
82 * (3) D Mortgage Assumption: Buyer will take title subject to and assume and pay existing first mortgage to
83 *
84 * LN# _________ in the approximate amount of$--��----- currently payable at
85 * $ per month, including principal, interest, D taxes and insurance, and having a
86 * D fixed D other (describe)-��-�---------------------
87 * O O
interest rate of ___ % which will will not escalate upon assumption. Any variance in the mortgage
88 will be adjusted in the balance due at closing with no adjustment to purchase price. Buyer will purchase
89 * Seller's escrow account dollar for dollar. If the interest rate upon transfer exceeds _____ % or the
90 * assumption/transfer fee exceeds$_______ , either party may elect to pay the excess, failing
91 which this contract will terminate; and Buyer's deposit(s) will be returned. If the lender disapproves Buyer,
92 this contract will terminate; and Buyer's deposit(s) will be returned.
93 * 7. Assignability: (Check one) Buyer D may assign and thereby be released from any further liability under this
94 * contract, ✔ D may assign but not be released from liability under this contract, or D may not assign this contract.
95 * 8. Title: Seller has the legal capacity to and will convey marketable title to the Property by ✔ D statutory warranty
96 * deed D special warranty deed D other (specify) _____________ , free of liens, easements,
97 and encumbrances of record or known to Seller, but subject to property taxes for the year of closing; covenants,
98 restrictions, and public utility easements of record; existing zoning and governmental regulations; and (list any
99 * other matters to which title will be subject) _________________________
100 provided there exists at closing no violation of the foregoing.
101 (a) Title Evidence: The party who pays for the owner's title insurance policy will select the closing agent and pay
102 for the title search, including tax and lien search (including municipal lien search) if performed, and all other
103 fees charged by closing agent. Seller will deliver to Buyer, at
104 * D D
(Check one) Seller's ✔ Buyer's expense and
105 * (Check one) D within __ days after Effective Date D x at least __
3 days before Closing Date,
106 (Check one)
107 * (1) D x a title insurance commitment by a Florida licensed title insurer setting forth those matters to be
108 discharged by Seller at or before closing and, upon Buyer recording the deed, an owner's policy in the

Buyer ( _) ( _) and Seller ( _) ( _) acknowledge receipt of a copy of this page, which is 2 of 8 pages.
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30

✔ 60
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x
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RON CARPENTER / CQ 1033824

DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

HILL@SL-PS.COM

941-539-3862

STRATEGIC LAND & PROPERTY SALES LLC

1302 E SECOND AVE STE 200 TPA, FL 33605

✔ Addendum B to Vacant Land Contract is attached hereto and incorporated herein.

Closing on or before fifteen (15) days following the end of the Due Diligence Period.
If the Closing date falls on a non business-day, Closing shall take place the following business day.
Closing is contingent upon satisfactory receipt of municipal lien results.

See also Exhibit "C" Permission to Permit.

4/8/2023

WJHFL LLC, d/b/a WJH LLC, a Delaware Limited Liability Company

EDITH L. MCGOWEN
DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

36931 MALLARD DR SELBYVILLE, DE 19975

DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

ADDENDUM B TO VACANT LAND CONTRACT

THIS ADDENDUM TO VACANT LAND CONTRACT (the “Addendum”) is made this

_______ day of _____________, 20_____, by and between WJHFL LLC, d/b/a WJH LLC, a Delaware
EDITH L. MCGOWEN
limited liability company (“Buyer”) and ______________________________________________ (the
“Seller”).

This Addendum is made as an amendment, supplement and addition to that certain Vacant Land
Contract (the “Agreement”) made between Buyer and Seller for the Property described in the Agreement.
In the event, any conflict, inconsistencies, or differences in the substance of the conditions, covenants, or
agreements between this Addendum and the Agreement, this Addendum shall control.

Buyer and Seller agree as follows:

1. EARNEST MONEY DEPOSIT. The Earnest Money Deposit (may also be referred to as
the “Initial deposit”) shall be fully-refundable to Buyer if Buyer terminates this Agreement for any reason
prior to the expiration of the Due Diligence Period (as defined below), or upon the failure of any other
condition set forth in this Agreement, including, without limitation, Buyer’s failure to timely deliver to
Seller a Notice of Continuation (as defined below), or as otherwise expressly provided in this Agreement.
The Earnest Money Deposit shall be credited towards the Purchase Price of the Property at Closing. The
Escrow Agent shall place the Earnest Money Deposit into its Trust Account.

2. DUE DILIGENCE PERIOD. Buyer shall have the right during that period of time
commencing on the Effective Date and continuing as detailed in the Agreement in which to inspect the
Property (the “Due Diligence Period”, which may also be referred to as the “Feasibility Study Period”),
including, without limitation, conducting any feasibility, marketing or other studies, and any physical and
environmental testing and any other inspections Buyer deems to be necessary or desirable, and reviewing
any building and use restrictions, zoning, other governmental approvals and any other matters Buyer deems
necessary or desirable to determine whether, in Buyer’s sole and subjective judgment, the Property is
suitable to Buyer. If Buyer determines prior to the expiration of the Due Diligence Period that the Property
is suitable to Buyer, Buyer may send written notice of its approval (the “Notice of Continuation” in
substantially the same form attached hereto as an exhibit) to Seller on or before the expiration of the Due
Diligence Period, in which case this Agreement shall continue in full force and effect. In the event that
Buyer: (A) fails to deliver the Notice of Continuation on or before the expiration of the Due Diligence
Period this Agreement shall automatically terminate the day after expiration of the Due Diligence Period,
or (B) after determining, in Buyer’s sole and absolute, subjective judgment and discretion, that the Property
is not suitable to Buyer, terminates this Agreement, as provided herein, by written notice to Seller delivered
prior to the expiration of the Due Diligence Period, this Agreement shall terminate on the earlier of the date
set forth in Buyer’s termination notice or upon the expiration of the Due Diligence Period and, upon such
termination, the Escrow Agent shall immediately return the Earnest Money Deposit to Buyer and,
thereafter, the parties shall have no further rights or obligations under this Agreement, except those that
expressly survive the termination hereof. Seller acknowledges and agrees that a Notice of Continuation
DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

from Buyer will not be effective unless signed by any one of the following individuals: Michael B. Madden,
Greg Huff, Matt Phillipoff, Fred Vandercook or Adam Schott, an Authorized Signer, or a licensed attorney
authorized to represent Buyer.

3. SETTLEMENT DATE. Buyer and Seller agree the Settlement Date may be modified by
any writing affixed to this Addendum or the Agreement. If Buyer is unable to complete Closing by the
Closing date but intends to complete the transaction and is acting in good faith and with reasonable diligence
to proceed to Closing, and if the Seller is ready, willing and able to complete the Closing on the Closing
Date, then Buyer shall give as much notice as possible to the Seller and Escrow Agent and shall be entitled
to a seven (7) day delay in Closing. Notwithstanding any timeframe in the Agreement regarding a delay in
Closing, Buyer shall be entitled to written notice of any default and prior to the exercise of any remedy
provided therein, Buyer shall have thirty (30) days from receipt of such notice to cure any non-monetary
default and thirty (30) days from receipt of such notice to cure any monetary default.

4. LOT CONDITION. The Property, and each included lot, must be permit ready and
suitable for slab on grade construction. Each lot must have all utilities available, including but not limited
to sewer, water, electrical, and cable, with utility stubs in place at least to the property line. Unless expressly
approved in writing, no lot shall be subject to any special riparian rights, landscaping buffer requirements,
conservation area requirements, any oil, gas or mineral rights that cannot be released or cannot be insured
over to the satisfaction of Buyer and the title insurer, wildlife protection requirements (including, but not
limited to, gopher tortoises) or other special use restrictions or requirements. In the event a lot does not
conform to the conditions stated herein, Seller is permitted a ten (10) day period following receipt of written
notice from Buyer to cure the defect (the “Cure Period”). If the defect is not cured during the Cure Period,
Buyer may exclude the non-conforming lot from the Agreement by providing written notice to Seller, the
Purchase Price shall be reduced by the pro rata price of the non-conforming lot, the pro rata portion of the
Earnest Money Deposit shall be released to Buyer, and Buyer shall have no obligation to purchase that non-
conforming lot. Buyer, in its sole discretion, reserves the right to refuse to purchase any lot which does not
meet the requirements, conditions, warranties, or representations stated herein. If Buyer issues a Notice of
Continuance in reliance on an agreement with Seller to cure a defect identified on any lot, and Seller
thereafter fails to cure that defect, Buyer may exclude the defective or non-conforming lot from the
Agreement, receive pro rata reduction in the Purchase Price for the exclusion of the said lot, receive a pro
rata return of the Earnest Money Deposit allocated to the defective or non-conforming lot, and receive
reimbursement from Seller for the actual cost of the title search of the excluded lot. If Buyer acquires a Lot
that does not meet the standards or obligations of the Agreement, Seller shall cure the deficiency, at its own
expense, within ten (10) days after receiving notice of the deficiency. If Seller refuses or is unable to cure
such deficiency, the Seller shall either: (i) repurchase such Lot at the price paid by Buyer for that Lot
(increased by any costs incurred by Buyer associated with the purchase of the lot, and development work
completed by Buyer on the lot, or fees or costs related to construction of a home on the lot); or (ii) pay to
Buyer the costs associated with development work necessary to bring the lot up to the standards of the
Agreement.

5. INCORPORATION. Buyer and Seller agree this Addendum is incorporated into, and is
a part of, the Agreement and any amendments thereto.
DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

NOW THEREFORE, Buyer and Seller, by and through their duly authorized agents,
representatives, officers, directors, or designees, set their hands and seals to this Addendum as of the date
first above written.

Buyer: Seller:

WJHFL LLC, d/b/a WJH LLC, ______________________________________

a Delaware limited liability company EDITH L. MCGOWEN

___________________________ (SEAL) _____________________________ (SEAL)

By: By:
Title: Title:
4/8/2023
Date:_______________________ Date:________________________________
DocuSign Envelope ID: 7B7F10CB-471D-44AD-B778-60AAAA76C3CB

EXHIBIT “C”

PERMISSION TO PERMIT

DATE:

WJHFL LLC, d/b/a WJH LLC, a Delaware limited liability company

Permitting for the Florida South Division
3091 Governors Lake Drive, Suite 300
Norcross, GA 30071

Per your request, we grant permission to WJHFL LLC, d/b/a WJH LLC, a Delaware limited liability company
(hereinafter, “WJH”) and _____________________________________, as Builder’s Agent, to begin the
permitting process for __________________________________________________,
FALCON DR CHIPLEY, FL 32428 (00000000-01-0038-0018) further described as the lots
listed within attached Exhibit “A”, of if none, as stated in the Agreement, intended for purchase so long as the lots
are not disturbed by you or your affiliates prior to their scheduled purchase and more specifically, no work of any
kind will be performed on the lots prior to closing. WJH shall be held liable should anyone attempt to lien the
property for work ordered by WJH.

If you have any questions, feel free to email me at the email provided below.

Sincerely,

SELLER: ________________________________________,
EDITH L. MCGOWEN
_____________________________________ (SEAL)
By:
Title:
Date:
Email: