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(Company Name) (Licensee) 303 801 Brickell Ave Ste900, Miami, FL 33131 305-342-5059 Gerard.Yetming@colliers.com (Address, Telephone, Fax. E-mail) 304 who ❑ is a single agent X is a transaction broker ❑ has no brokerage relationship and who will be compensated by 305 ❑ Seller's Broker ❑x Seller ❑ Buyer ❑ both parties pursuant to ❑ other (specify) 306 This contract at 4% of purchase price payable at closing 307 (collectively referred to as "Broker") in connection with any act relating to the Property, including but not limited to 308 inquiries, introductions, consultations, and negotiations resulting in this transaction. Seller and Buyer agree to 309 indemnify and hold Broker harmless from and against losses, damages, costs and expenses of any kind, including 310 reasonable attorneys' fees at all levels, and from liability to any person, arising from (1) compensation claimed which is 311 inconsistent with the representation in this Paragraph, (2) enforcement action to collect a brokerage fee pursuant to 312 Paragraph 10, (3) any duty accepted by Broker at the request of Seller or Buyer, which is beyond the scope of 313 services regulated by Chapter 475, Florida Statutes, as amended, or (4) recommendations of or services provided and 314 expenses incurred by any third party whom Broker refers, recommends, or retains for or on behalf of Seller or Buyer. 315 22. OPTIONAL CLAUSES: (Check if any of the following clauses are applicable and are attached as an addendum to 316 this Contract): 317 ❑ (A) Arbitration ❑ (E) Seller Warranty ❑ (1) Existing Mortgage 318 ❑x (B) Section 1031 Exchange ❑ (F) Coastal Construction Control Line ❑ (J) Buyer's Attorney Approval 319 ❑ (C) Property Inspection and Repair ❑ (G) Flood Area Hazard Zone ❑ (K) Seller's Attorney Approval 320 ❑ (D) Seller Representations ❑ (H) Seller Financing ❑ Other 321 23. ADDITIONAL TERMS: 322 Contract is contingent upon approval by the Indian River County Board of County Commissioners after review of bond 323 counsel to ensure compliance with the terms of bonds. 324 325 326 327 328 329 330 331 332 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE 333 ADVICE OF AN ATTORNEY PRIOR TO SIGNING. BROKER ADVISES BUYER AND SELLER TO VERIFY ALL 334 FACTS AND REPRESENTATIONS THAT ARE IMPORTANT TO THEM AND TO CONSULT AN APPROPRIATE 335 PROFESSIONAL FOR LEGAL ADVICE (FOR EXAMPLE, INTERPRETING CONTRACTS, DETERMINING THE 336 EFFECT OF LAWS ON THE PROPERTY AND TRANSACTION, STATUS OF TITLE, FOREIGN INVESTOR 337 REPORTING REQUIREMENTS, ETC.) AND FOR TAX, PROPERTY CONDITION, ENVIRONMENTAL AND OTHER 338 ADVICE. BUYER ACKNOWLEDGES THAT BROKER DOES NOT OCCUPY THE PROPERTY AND THAT ALL 339 REPRESENTATIONS (ORAL, WRITTEN OR OTHERWISE) BY BROKER ARE BASED ON SELLER 340 REPRESENTATIONS OR PUBLIC RECORDS UNLESS BROKER INDICATES PERSONAL VERIFICATION OF 341 THE REPRESENTATION. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND 342 GOVERNMENTAL AGENCIES FOR VERIFICATION OF THE PROPERTY CONDITION, SQUARE FOOTAGE AND 343 FACTS THAT MATERIALLY AFFECT PROPERTY VALUE. Buyer ) and Seller ) ( ) acknowledge receipt of a copy of this page, which is Page 7 of 8 Pages. CC -8 3/25 02025 Florida Realtors" Serial# 059714- 00175.8817737 );;Simplicity