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40 TIMBER CONTRACT O C7 - a�t3 THIS TIMBER CONTRACT, hereinafter [lie"Contract", made and entered into this 18th day of _Jul y , 2000, by and between INDIAN RIVER COiINTY, having an address of 1840 25`' Street, Vero Beach, Florida 32960 (FEIN. 59-6000674, and telephone number (561)507-8000), liereinafter called "SELLER", and GEORGIA -PACIFIC CORPORATION, a Georgia corporation, having offices at P.O. Box 1040 Palatka, FL 32178-1040 (FEIN: 93- 0432081, and telephone number (904)325-0786), hereinafter called "PURCHASER", WITNESSETH: For and in consideration of the payment to the SELLER by the PURCHASER on the date of the execution of this Contract of the sum of ONE ($1.00) DOLLAR, the receipt and sufficiency of which are hereby acknowledged, SELLER does hereby grant, bargain, sell, convey and warrant unto PURCHASER all of the timber and trees and rights and privileges to all timber and trees as hereinafter described (in Paragraph 5 of this Contract) located on tura( certain tract of land situated in Indian River County, Florida, described as follows, to -reit: North Sebastian Coarsen"afion Area, approximately 300 ac. thereof, located in Fleneing Gwent Sections 29 and 30, & Sec. 06, 7315, R39E, saiel Conservation Arca ►pore pardettlarly described in Atfachenent A to this Contract. This Contract is made subject to the following terms and conditions: I. SELLER covenants, represents and warrants to and with PURCHASER, its successors and assigns, that SELLER is the sole owner in full ownership of the within described properly, rights and privileges hereby conveyed; that SELLER has the right to grant anti convey the timber and trees, rights and privileges hereby granted and conveyed; that the title thereto is merchantable and free and clear of all detects, imperfections and encuni'brances; that SELLER (toes hereby warrant and will forever defend said title to tle same against the claims ofall persons whomsoever; and that PURCHASER, its successors and assigns, shall quietly and peaceably possess and enjoy the same and shall have full title and right to possession of any timber and trees authorized to be cut and removed under the terms of this indenture. 2. Title to the limber and trees sold hereunder an([ all risk of loss shall pass from SELLER to PURCHASER concurrently with the severance or tic timber from the stump. 3. PURCHASER, its successors and assigns, shall have until the 01 st day of August, 2001, to cut the above-mentioned timber. PURCHASER shall have thirty (30) days, or up to sixty (60) days in the event of adverse weatftcr conditions, after term to remove its machinery, equipment and properly, including all timber which was cut prior to the termination date. GPD] PACKDOT Version 2.0 (01100) Paige I o14