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AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT is entered into as of the day of November, 2021, by and between the Indian River County Solid Waste Disposal District, a dependent special district of Indian River County, whose address is 1801 27th Street, Vero Beach, FL 32960 ("District"), and MWI Corporation, a Florida for profit corporation, whose address is 33 NW 2nd Street, Deerfield Beach, FL 33441 ("MWI"). WHEREAS, the District owns a 39.75 -acre parcel of unproved land located on 9th Street SW, Vero Beach, FL 32967 on the south side of 9th Street SW and to the north of 13th Street SW as depicted on t;ne aerial photo attached as Exhibit "A"; and WHEREAS, the parcel is zoned IG, General Industrial, and lies inside of the Urban Services Boundary; and WHEREAS, MWI owns a parce: of property at 7775 9th Street SW, Vero Beach, FL which lies adjacent to the east of the District's 39.75 -acre parcel; and WHEREAS, MWI uses the 7775 9th Street SW location for operating their business of building, refurbishing and repairing large pumps and water control devices; and WHEREAS, MWI seeks to expand their location on 9th Street SW as MWI has seen an increase in demand for their equipment in Indian River and surrounding counties; and WHEREAS, in order to support the economic growth of Indian River County and encourage expansion of small local businesses, the District is willing to sell MWI 10 acres of the 39.75 -acre tract that lies adjacent to MWI's existing operation, as depicted on the sketch and legal description attached as Exhibit "B", herein after referred to as the "Property"; and WHEREAS, MWI consents to have certain deed restrictions placed on the Property. NOW THEREFORE, in consideration of the mutual undertakings herein, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree, as follows: Recitals. The above recitals are true and correct and are incorporated herein. 1. Agreement to Purchase and Sell. The District hereby agrees to sell to MWI, and the MWI hereby agrees to purchase from the District, upon the terms and conditions set forth in this Agreement, the 10.0 -acre parcel of real property and more specifically described in Exhibit "B" attached and incorporated by reference herein. 2. Purchase Price; Effective Date. The purchase price (the "Purchase Price") for the Property shall be FOUR HUNDRED FI=TY THOUSAND DOLLARS ($450,000.00). The 176