Prompt Title: Partial Interest Property Sale

The Sale of Partial Interest in Property Agreement between Melanie Aubert-Croteau and Roland R. Manarin is hereby amended and revised as follows:

MEMORANDUM OF UNDERSTANDING BETWEEN MELANIE AUBERT-CROTEAU AND ROLAND R. MANARIN FOR SALE OF PARTIAL INTEREST IN PROPERTY AGREEMENT

This Sale of Partial Interest in Property Agreement ("Agreement") is made and entered into on April 02, 2023, by and between the Seller, Melanie Aubert-Croteau, with a property survey number P-1554446-2012, and the Buyer, Roland R Manarin, 6208 Shadowood Cir # 1904, Naples, FL 34112, collectively referred to as the "Parties".

RECITALS

WHEREAS, the Seller, Mélanie Aubert-Croteau, is the legal owner of a partial interest in a portion of the property described in survey number P-1554446-2012 (“the Property”), bearing assessment number 6-186157-000, as set forth in the attached closing statement; WHEREAS, the Parties have agreed that the Buyer shall purchase from the Seller a partial interest in the Property; WHEREAS, the Parties have agreed on the terms and conditions of the sale of such partial interest; and WHEREAS, the Parties desire to memorialize their agreement in writing.

AGREEMENT

1. Sale of Partial Interest

1.1. The Parties acknowledge and agree that the Seller has already paid USD$170,000 towards the purchase of the Property.

1.2. The Seller agrees to sell, assign, transfer, and deliver to the Buyer a partial interest in the Property, comprising 36% of the total interest held by the Seller, while the Seller's remaining interest is equal to approximately 63.99% of the total value of the Property.

1.3. The Buyer shall pay a total of USD$89,642 for the partial interest in the Property as outlined in this agreement. The Buyer has the right to withdraw this amount annually at the closing date. The Seller is granted a 90-day extension option for the sale or reimbursement of the Buyer's shares at the annual closing date.

2. Purchase Price and Payment

2.1. The Parties acknowledge that the Property is subject to a mortgage credit of Seventy-Nine Thousand Dollars (USD$79,000.00). The Buyer shall assume the responsibility for the corresponding portion of the mortgage and shall make the payment to the creditor Expeliato, Sociedad Anonima (represented by Mr. Alexander John Wazeter Jr).

2.2. The purchase price for the partial interest in the property shall be calculated as follows: USD$79,000 will cover the old mortgage credit. Additionally, USD$10,642 for the annual rent for the Seller's daughter.

2.3. Each shareholder is responsible for their respective share of any property taxes, homeowner association fees, and insurance fees.

The calculation summary is as follows:

Seller’s investment: ($170,000-$10,642) / $249,000 = $159,358 / $249,000 = 0.6399 or 63.99% Buyer’s investment: ($79,000 + $10,642) / $249,000 = $89,642 / $249,000 = 0.3600 or 36.00%

3. Deferred Payment of Capital Investment

3.1. If the Seller lacks the financial means to make monthly payments on the capital investment, she is not obliged to do so. Instead, the Seller shall pay an annual interest rate of 10% to the Buyer based on their investment