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1 .4. CARETAKER AGREEMENT. Purchaser acknowledges that the Property has been Mr. Richard M . Jones' home for all of his life and-it is the intent of Indian River County as Purchaser to will enter into the Caretaker Agreement attached hereto as Exhibit "C", at Closing to allow Mr. Richard M . Jones as Caretaker to remain on the Property pursuant to the terms and conditions of the Caretaker Agreement. 1 . 5 . Historic Designation . After the Closing , Indian River County as Purchaser intends to apply to the Florida Bureau of Historic Preservation for designation of the existing house, homestead portion of the Property, and the southernmost dock (herein collectively " Historic Structures") located on the Property as a State Heritage Site. The Historic Structures may also qualify for inclusion in the National Register of Historic Places. Seller agrees to cooperate with Purchaser in connection with : (i) the foregoing applications and (ii) obtaining and locating the associated historic signage and markers . Seller acknowledges and agrees that each of the foregoing designations will place certain use and other restrictions on the Historic Structures including , without limitation , those restrictions included in the Code of Federal Regulations, Title 36, Part 68 the Secretary of the Interior's Standards for Treatment for Historic Properties with Guidelines for Preserving , Rehabilitating , Restoring and Reconstructing Historic Buildings, as the same may be amended from time to time (the foregoing collectively " Historic Restrictions") . 1 . 6 . Beneficial Interest Disclosure . In the event Seller is a partnership , limited partnership , corporation , trust, or any form of representative capacity whatsoever for others , Seller shall provide a fully completed , executed , and sworn beneficial interest disclosure statement in the forms attached to this Agreement as Exhibit "D" that complies with all of the provisions of Florida Statutes Section 286 .23 prior to approval of this Agreement by Purchaser. However, pursuant to Florida Statutes Section 286 .23 (3)(a) , the beneficial interest in any entity registered with the Federal Securities and Exchange Commission , or registered pursuant to Florida Statutes Chapter 517, whose interest is for sale to the general public, is exempt from disclosure ; and where the Seller is a non-public entity, that Seller is not required to disclose persons or entities holding less than five (5% ) percent of the beneficial interest in Seller. 2 . OPTION TERM . The option payment is $ 100 . 00 ("Option Payment") . The Option Payment, in the form of a check, will be forwarded to Seller as soon as possible . The option may be exercised during the period beginning with the Purchaser's approval of this Agreement and ending 90 days after approval of this Agreement by the Indian River County Board of County Commissioners ("Option Expiration Date") , unless extended by other provisions of this Agreement. In the event the conditions precedent are not satisfied at the end of the Option Expiration Date, Seller and Purchaser agree that the Option Expiration Date may be extended by Purchaser, not to exceed 30 days after the Option Expiration Date, by written notice from Purchaser to Seller. Purchaser and Seller agree to use their best efforts to exercise the option and close as soon as possible , even if prior to the Option Expiration Date , so long as all requirements of this Agreement are fulfilled . p , 3 . PURCHASE PRICE . The total purchase price (" Purchase Price") for the Property is Six Million Seven Hundred Fifty Thousand Dollars ($6,750,000) . The Purchase Price , after reduction by the amount of the Option Payment, will be paid by purchaser at closing to Seller as set ASV 3 '�a