Item 1.01 Entry into Definitive Material Agreement.

On May 31, 2022, the Company executed a First Addendum to Purchase and Sale Agreement (the "Addendum") with Sandpiper Resort Properties, Inc. and Holiday Village of Sandpiper, Inc. (collectively, "Sandpiper"), modifying that certain Purchase and Sale Agreement effective as of April 25, 2022 (the "Agreement") for the purchase by the Company of property in Port Saint Lucie, Florida (the "Property"). The Property being sold is the Property on which the Company's facilities are currently located and where the Company currently operates and includes approximately 216 acres and approximately 3,000 feet of waterfront property.

In the Addendum, the Company acknowledges that the Due Diligence period in the Agreement has expired and that the Company did not elect to terminate the Agreement, so the deposit of $500,000 delivered to Sandpiper shall become nonrefundable and the Company has elected to proceed to a Closing. Additionally, the Addendum allows the Company to request an extension of the Closing Date until no later than July 29, 2022, if necessary, and if the Company delivers notification to Sandpiper by June 20, 2022.

The remaining terms of the Agreement remain unchanged, including the purchase price of $55,000,000 for the Property. The Company may assign the Agreement to an affiliate of the Company no later than five days prior to the Closing Date, as long as the Company is not released of its obligations under the Agreement and the Company is responsible for any associated costs.

Item 9.01 Financial Statements and Exhibits.

10.1 First Addendum to Purchase and Sale Agreement dated May 31, 2022

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)






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