We are pleased to provide you this term sheet, outlining certain terms under which the Buyer

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1 i BELLEAR DEVELOPMENT, LLC Augu 15, 2017 Ciy of Temple Teace c/ o Paick Beman Cuhman& Wakefield One Tampa Ciy Cene, Suie 3300 Tampa FL Re: Lee of nen o puchae he popey conaining appo maely 12 ace of land locaed a he SEC of 56`'' See N. and Bullad Pakway, Temple Teace, Hillboough Couny, Floida (he Dea Paick: Popey' We ae pleaed o povide you hi em hee, oulining ceain em unde which he Buye inend o negoiae a muually accepable Puchae and Sale Ageemen (" Puchae and Sale Ageemen' fo Buye' acquiiion of ownehip of he Popey fom he Ciy of Temple Teace. Thi lee i in no way inended o be a complee o definiive aemen of all he em and condiion of he popoed anacion, bu emain ubjec o he negoiaion of a definiive Puchae and Sale Ageemen. Buye. Selle. Popey. Belleai Developmen, LLC, a Floida limied liabiliy company, o i aign Ciy of Temple Teace Appo cimaely 12 ace iuaed a he SEC of 56`'' See N. and Bullad Pakway, Temple Teace, Hillboough Couny, Floida. Dimenion and legal decipion of he Popey ubjec o uvey ( Pacel 1 a hown on he aached aeial) nended Ue: Reail/ Mixed Ue Puchae Pice: 2,700, S. Peebug/ Cleawae ' Avenue Noh Pinella Pak, Floida P F

2 Augu 15, 2017 Page 2 EaneMoneyDepoi. $ 50, hall b e depoied ino ecow wih Ecow Agen upon he execuion of he Puchae and Sale Ageemen. Thee fund hall be cedied owad he Puchae Pice a cloing and hall be efunded o Buye if Buye elec o eminae he Puchae and Sale Ageemen puuan o he npecion Peiod clecibed below. EcowAgen. npecio PeioaF. Financing Coninge cy. Cloi g: Tile and Suvey. Popey Co diion: Buye Condiion o Cloing. Depoi hall be depoied wih Ecow Agen puuan o he em of he Conac. Ecow Agen in hi anacion i Peon O. Cockev, P.A 110 E. Madion See. Suie 204 Tam a FL ( OfficeL j ( Fa Fo a peiod of niney ( 90) day afe he execuion of he Conac and delivey of all due diligence maeial in Selle' poeion, Buye hall have he igh, bu no he obligaion, o pefom a due diligence inpecion of he Popey, including, bu no limied o, ( a) inpec all phyical apec of he Popey; ( b) inveigae all zoning, code and govenmenal equiemen; ( c) uvey he pope ( d) pefom a Phae and/ o Phae envionmenal udie; and ( e) eview peliminay ide epo, uvey and ie plan. Afe uch inveigaion, if Buye, in i ole diceion, deemine ha he Popey i no aifacoy fo puchae o opeaion by Buye, hen Buye may eminae he Conac and he Eane Money Depoi hall be euned o Buye. Cloing i no conin.gen upon financing. The lae of one huiided weny ( 120) day afe expiaion of he npecion Peiod, o 15 day : ife iuance of building pemi fo Phae 1 of Buye' popoed developmen. An ALTA ide commimen hall be obained by Buye a Buye' ole co and expene. Selle hall pay he ecoding fee on he deed and any documen necea y o clea ide, pemium fo owne' ide policy and documenay amp on he deed. Buye hall pay fo he uvey, lende' ile policy, co of any endoemen and co of financing. Buye will be eponible fo all fizue eal eae axe afe Cloing. Each pay hall pay hei epecive aoney' fee. i puchaing he Popey in " a i" condiion. The Popey hall be conveyed ubjec o: i) clea ile; ii) zoning fo Buye' nended Ue; and ii) Buye and Selle' execuion of an eaemen fo off-ie eenion and an inge./ ege acce eaemen. S. Peebu g/ Cleawae ' Avenue Noh inella Pak, Floida P F

3 Augu 15, 2017 Page 3 Aignmen. Boke NonBindingNaue. Time o Reun Buye hall have he igh o aign he Puchae and Sa1e Ageemen o a cloely held eniy. The paie epeen ha hee ae no boke involved in hi anacion excep fo Cynhia K. Lawonn of CK. Commecial Realy, LLC who epeen he Buye, and Paick Beman of Cuhman and Wakefield who epeen he Selle (" Boke'. The paie acknowledge ha Selle will be eponible o pay he Boke a Cloing a commiion in he amoun of ix pecen ( 6%) of he Puchae Pice, which commiion hall be pli equally beween he Boke. Each pay acknowledge ha hi lee i no inended o coniue an ageemen o execue he Puchae and Sa1e Ageemen o any ohe ageemen elaive o he Popey, whehe now o in he fuue; i being he undeanding and inenion of he paie ha he only documen o inumen execued beween uch paie wih epec o he Popey which hall coniue a valid and binding obligaion wih epec heeo hall be a fomal, wien Puchae and Sale Ageemen conaining all of hoe em and condiion cuomaily found in uch ageemen and uch ohe em deemed eenial by Buye and Selle, appopiaely appoved, execued and deliveed by Buye and Selle ubequen o he dae heeof. Nohing conained heein hall ceae any obligaion on he pa of any peon o eniy o eihe appove he em of he popoed anacion o ene ino a Puchae and Sale Ageemen wih epec heeo, uch acion hall be aken o no aken in each pay' ole diceion. No pay hould ely on any epeenaion inconien wih hi paagaph. Thi lee may be modified o wihdawn by Buye a any ime. f hi lee povide an accepable bai fo dicuion, we ak ha Selle pleae eun a igned counepa of hi lee o Belleai Developmen, LLC, c/ o Calo A. epe a c eae a)belleai* ou. com) on o befoe 4 p.m. EST on Augu 31, Failing which o eceive, hi lee of inen hall auomaically expie and be of no fuhe foce o effec. Upon imely eceip of Selle' ignaue on hi lee, Buye would delive o Selle i daf Puchae and Sale Ageemen wihin hee buine day heeafe. Sinceely, Chiian A. epe Manage S. Peebug/ Cleawae '" Avenue Noh Pinella Pak, Floida P F

4 Augu 15, 2017 Page 4 Acknowledged and Ageed o he popoed puchae em e fo above fom Belleai Developmen, LLC a of hi day of SELLER: CT OF TEMPLE TERRACE By: Name: Tide: Dae: S. Peebug/ Cleawae Avenue Noh Pinella Pak, Floida P F

5 1- :.; u ' Fv 4 f The Ciy of Temple Temace i a iing a in he naionally ecognized Tampa Bay aea of Floida. Downown Pominen u ban locaion in cioe poximiy o majo employmen cene Pad eady ie wih mae eenion 66, 500 ca pe day a he ineecion of 56h See and Bullad Pakway ZONNG: Ovelay Diic(" DOD") Commecial Geneal Ue( CG) Populaion 95, 068 F.A.R: Reidenial Uni peace Populaion Gowh 3. 6% Heigh: 2 Soie( minimum) 5 Soie( maximum) Sea) Dayime 66,353 Addiionallnfomaion: Employmen hp:/lwww.cuhwakelandfl. com/ampa/ liinqdeail. hml? liinq id= 668 MedianAge ARCEL Two: 4. 6 ACRES Aveage HH 52, 041 Flexible zoning which allow he developmen of high deniy eidenial, eail, office, eauan, and medical ue ' ncome The ie ae well- poiioned, adjacen o denely- populaed eidenial neighbohood and ucceful eai developmen k'} :. F_ a ; m' Median HH ncome $ 37, a._.:. ' " '. _ + i fci y* ReailSale Subjec" Popey" T y. PARCEL One: 12 ACRES 5'. ::. i'. ",_..;; 4 ^. g y.- f T h k., a M 4 K a.. l yac J`. i... A, u-^-""-.".'" i._'. p u y a"^'' y c..._«,: #,, qq d y 3 ' j a_"'_j M i v ' R L S i!' a.. n:: PARC EL The2: 2.. K''" : '._ i! ` 4v -. _.. ' ' ` '. a. z M1 i. k'+ h` q. ; k y. -.,"'"'" 1.. yyy P` 1, 2# F ' ii, ` ( p e'. C a+ n x': h'i.. A i. i X RF l T. d` b _ 1 i f " i, E F' y J, -. y, ` a;. 3 x.{ i i} S. a.,.' _... i: