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TRANSIT STATION LICENSE AGREEMENT THIS TRANSIT STATION LICENSE AGREEMENT (this "Agreement") is entered into as of this day of , 2017, by and between DIVOSTA HOMES, L.P., a Delaware limited partnership, whose address is 1400 Indian Creek Parkway, Jupiter, Florida 33458 ("Licensor" or "DiVosta"), and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, whose address is 1801 27th Street, Vero Beach, Florida 32960 ("Licensee"). WITNESSETH WHEREAS, Licensee operates a public transit system that transports the public throughout the Indian River County area; and WHEREAS, it is critical to the success of the public transit system that passengers have safe and convenient locations to wait for and to board vehicles; and WHEREAS, it is beneficial to Licensor and their officials, employees, agents and guests that vehicles operated by Licensee pick-up and drop-off passengers at the transit site located along 49th Street at Lakes at Waterway Village in Indian River County; and WHEREAS, the parties agree that it is in their mutual best interests that the transit site is an integral part of the community and functions as a community activity station; and WHEREAS, the parties agree that it is in their mutual best interests to place a transportation facility at the specified site for use .as an established transit station, which will provide facilities for the embarking and disembarking of passengers that are safe, convenient, accessible and more comfortable for passengers to wait for transit vehicles. NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties, Licensor and Licensee hereby agree as follows: Section 1 - Transit Site Agreement. Licensor hereby grants Licensee a license (the "License") to enter upon that certain parcel of real property located along 49th Street at the Lakes at Waterway Village in Indian River County, more particularly described and depicted on Exhibit A and made a part hereof (the "Transit Site"), for the sole and limited purposes of installing and using a transit stop, subject to all of the terms and conditions provided for herein. Licensor agrees Licensee may install and use a facility for passengers which consists of a trash receptacle(s), a bench(es), a sign(s), a passenger waiting shelter(s), and such other items as may be mutually agreed upon by the parties and referred to as (the "Transit Station") on the Transit Site. Section 2 - Installation of Transit Station. Licensee shall provide all the materials and labor for the construction of the Transit Station to be located on the Transit Site. Licensee shall retain ownership of such Transit Station. The Transit Station shall be comparable to other transit stations currently used by Licensee. If as a result of Licensee's construction of a Transit Station, Licensor is required by federal, state, or local law, ordinance, order etc, to make any improvements, changes or alterations ("Improvements") to the property on which Transit Site is located, in order to comply with such laws, such collateral Improvements shall be the WPBDOCS 9023418 2 P53