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Commercial Contract <br />Q, Florida Realtors - <br />1 <br />1. PARTIES AND PROPERTY: INDIAN RIVER COUNTY <br />("Buyer") <br />2 <br />agrees to buy and Palm Bay Joan LLC BY RJS Properties, Inc. <br />("Seller") <br />3 <br />agrees to sell the property at: <br />4 <br />Street Address: 9455 53rd Ave, Sebastian, FL 32958 <br />5 <br />6 <br />Legal Description: 11.74 ACRES OF LAND LOCATED AT 9455 53rd Ave Sebastian FL 32958 consisting of parcel <br />7 <br />number: 31392100000005000015.0 <br />8 <br />and the following Personal Property: <br />9 <br />10 <br />(all collectively referred to as the "Property") on the terms and conditions set forth below. <br />11 <br />2. PURCHASE PRICE: <br />$ 1,260,000.00 <br />12 <br />(a) Deposit held in escrow by: N/A <br />$ 0.00 <br />13 <br />("Escrow Agent") (checks are subject to actual and final collection) <br />14 <br />Escrow Agent's address: Phone: <br />15 <br />(b) Additional deposit to be made to Escrow Agent <br />16 <br />❑ within days (3 days, if left blank) after completion of Due Diligence Period or <br />17 <br />❑ within days after Effective Date <br />$ 0.00 <br />18 <br />(c) Additional deposit to be made to Escrow Agent <br />19 <br />❑ within days (3 days, if left blank) after completion of Due Diligence Period or <br />20 <br />❑ within days after Effective Date <br />$ 0.00 <br />21 <br />(d) Total financing (see Paragraph 5) <br />$ 0.00 <br />22 <br />(e) Other <br />$ <br />23 <br />(f) All deposits will be credited to the purchase price at closing. <br />24 <br />Balance to close, subject to adjustments and prorations, to be paid <br />25 <br />via wire transfer. <br />$ 1,260,000.00 <br />26 <br />For the purposes of this paragraph, "completion" means the end of the Due Diligence <br />Period or upon delivery of <br />27 <br />Buyer's written notice of acceptability. <br />28 3. 11ME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTATION OF TIME: Unless this offer is signed by Seller <br />29 and Buyer and an executed copy delivered to all parties on or before October 15, 2025 , this offer <br />30 will be withdrawn and the Buyer's deposit, if any, will be returned. The time for acceptance of any counter offer will be <br />31 3 days from the date the counter offer is delivered. The "Effective Date" of this Contract is the date on which the <br />32 last one of the Seller and Buyer has signed or initialed and delivered this offer or the final counter offer or <br />33 . Calendar days, based on where the Property is located, will be used when <br />34 computing all time periods. Other than time for acceptance and Effective Date as set forth above, any time periods <br />35 provided for or dates specified in this Contract, whether preprinted, handwritten, typewritten or inserted herein, ending <br />36 or occurring on a Saturday, Sunday, national legal holiday, or a day on which a national legal holiday is observed will <br />37 extend to the next calendar day which is not a Saturday, Sunday, national legal holiday, or a day on which a national <br />38 legal holiday is observed. Time is of the essence in this Contract. <br />39 4. CLOSINGDATE AND LOCATION: <br />BuyerJ25 <br />) and Seller () acknowledge receipt of a copy of this page, which is Page 1 of 8 Pages. <br />CC -6 ®2025 Florida Realtors• <br />Serial#: 05971737 Form <br />simplicity <br />