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The Willows — Phase 1 2. IRC, upon receipt of the acceptable Warranty LOCs, shall hold the THREE HUNDRED TWENTY ONE THOUSAND FIVE HUNDRED AND 44/100 DOLLARS ($321,500.44) GLOC in escrow for a period of time not to exceed thirty (30) days from the receipt of the acceptable Warranty LOCs, thereupon permitting IRC to issue a certificate of completion, upon which issuance IRC shall release and return the GLOC to Oculina within the 30 days set forth above. 3. IRC, by acting as a party to this agreement as well as the Escrow Agent, shall incur no liability as Escrow Agent except for misfeasance or malfeasance. IRC shall hold the GLOC in escrow during the term of this agreement. The term of this agreement runs from the date of execution of this agreement until 30 days after receipt of the acceptable Warranty LOCs. In the event there are conflicting demands for the return of the GLOC during the term of this agreement or IRC as Escrow Agent has a good faith as to the entitlement of the GLOC, IRC as Escrow Agent may either deposit said GLOC into the Registry of the Court or may continue to hold said GLOC as Escrow Agent until the parties are in agreement or until a Final Judgment from a court of competent jurisdiction shall deteiniine the rights of the parties. 4. In any proceeding between the parties or Escrow Agent, each party shall bear their own attorneys' fees and costs. IN WITNESS WHEREOF, the parties hereto have executed this agreement the day and year first above written. Witnesses: INDIAVER CO L I"7 1 By: rinted ame: D Ose15 �� r . Mi qty T. Purse' approved as to form and legal sufficiency: Dylan Reingold County Attorney 1( printed name: ,::_r\,.ckt.,c i. ,. ( ri... , printed n me: I 4-1 Ile' act_ -t r',,--r-.iv_...4.s — J.R. SMITH, CLERK 2 Jaso E. B own Cou v : ministrator BCC approved: July 18 , 2.017 OCUL By: Chris top er J. Russell, President 7/13/17