LETTER OF INTENT

ECOMOD MODULAR HOUSING

This shall serve as a non-binding Letter of Intent by the undersigned (“Registrant”) concerning the building and suppling of modular housing and commercial housing units known as EcoMod being developed by EcoMod LLC (“Manufacturer”). Collectively known as the Parties. Manufacturer is in the process of building and manufacturing modular units and supply systems for modular buildings and homes (“Unit”). In consideration of the Registrant completing this Letter of Intent and making a fully refundable deposit (“Deposit”), Manufacturer agrees to include the Registrant on the Reservation List for the purpose of establishing the Registrants place in line so that Registrant may participate in a Unit purchase LOI program. Registrant’s spot in line is secured by a fully refundable payment equal to $200 per unit. Registrant may request a return of the Deposit at any time at which time they will be removed from the Reservation List. Manufacturer’s sole responsibility under this Letter of Intent will be logging Registrant’s place in line and contacting Registrant to advise of the date and time that the unit LOI reservation list will commence. The Deposit will be applied to the initial payment required at start of manufacturing pursuant to a separate binding agreement between the Parties. At that time, Registrant will have the opportunity to review floor plans and preconstruction pricing, select a specific unit type, building, floor plans, and finalize equipment packages and finishes.

PAYMENT OF DEPOSIT

Upon signing of this Letter of Intent, Registrant will be contacted by the Manufacturer sales team with several payment options for the deposit.

OTHER PROVISIONS

1. Purchase Price Ranges. Registrant acknowledges that the purchase price ranges in this LOI are estimates and subject to change at the sole discretion of the Manufacturer. The purchase price ranges may not include the price of upgrades or other changes requested by the Registrant. The actual price, upgrade prices, and any additional amounts required to be paid shall be set forth in the final contract. It is anticipated that the final contract will require a deposit equivalent to 50% of the purchase price, which will be payable upon execution of the to- be executed contract and can be changed at the sole discretion of the Manufacturer (“Contract Deposit”). The Deposit made pursuant to the LOI will be applied as a credit to the Contract Deposit. Other payments may be required during the manufacturing process after the Contact Deposit and shall be set forth in the to-be entered into definitive agreement.

2. No Obligation to Build. The execution of this LOI and the delivery of the LOI Deposit DOES NOT in any way obligate Manufacturer to create or build the Units or any part of the buildings. Manufacturer may terminate this LOI at any time by written notice to the Registrant. Upon any such termination, Manufacturer will return the LOI Deposit to the Registrant within fifteen (15) business days. The LOI Deposit will be placed in a non-interest-bearing account and the Registrant will in no way be entitled to any return or interest on the LOI Deposit money. Any processing fees and shipping fees associated with the payment of the LOI Deposit to Manufacturer will be billed to the Registrant or the return of the LOI Deposit to Registrant will be billed to the Registrant. Processing and shipping fees are not refundable to the Registrant.

3. Site Preparation. As between Manufacturer and Registrant, it is Registrant’s sole responsibility to select such land and installation sites for the Units, and to perform such additional work as is required at the sites and to the Units, as is appropriate for the safe utilization and habitation of the Units. Manufacturer will not be performing any site preparation for receiving the Units, including but not limited to foundation preparation, utility line routing, well, town water, plumbing or septic field preparation, driveway construction, deck, steps, walkway, driveway installation, grading and landscaping, and any form of legal entitlements required by Registrant’s jurisdictions. Registrant is responsible for installation of the Units at their intended sites (which requires a crane or forklift), and utility, water and wastewater hook-ups.

4. Unit Deployment. The operations associated with the deployment of the Units are inherently dangerous and can lead to injury or death to those personnel involved in the deployment operations. Manufacturer will not provide personnel for supervising or conducting the deployment operation. Manufacturer will provide unpacking instructions which must be followed during Unit deployment. A crane is required for Unit deployment, and it is Registrant’s responsibility to make appropriate arrangements for having the crane available at the site or sites chosen for Unit deployment should the Units ever be built and sent to Registration.

5. Unit Finishing. The Units are not fully finished dwellings and will require finishing operations after deployment and prior to occupancy all of which will incur additional costs beyond the purchase price and is the sole responsibility of the Registrant. Installation will be done by a third-party installer and pricing will be based on their fees following site selection.

6. Shipment. Manufacturer will coordinate shipping of Units for the transport of the Units from Manufacturer’s factory to installer and site selected by Registrant. Costs associated with shipping shall be the sole responsibility of the Registrant’s and will be set forth in the to-be executed definitive agreement. Registrant’s shipping company will be responsible for shipment of the Units from Manufacturer’s factory to Registrant’s desired location(s).

7. Governmental Assessments. Manufacturer will have no responsibility for any state or local property or other taxes or assessments arising from the placement of the Units at their intended sites.

8. No Interest in Property. Registrant understands and agrees that this LOI does not give or convey to Registrant any interest in an any Unit or the property generally. In no event or circumstance shall this LOI be recorded in any public or official record. This is a non-binding LOI for the purposes of obtaining a place in line for the manufacture of the Units.

9. Government Approvals. Registrant will be responsible for all governmental permits and inspections required for the placement of the Units at their intended sites and for occupancy of the Units, including utility service, wastewater and occupancy permits, as well as all site work and Unit finishing operations that are necessary to comply with all statutes, regulations, ordinances and building and zoning codes applicable thereto, including but not limited to wind ratings, snow loads, earthquake and anchoring requirements. The Units are manufactured in compliance with 2021 International Building Code Standards. Registrant acknowledges that the Units may not currently have any manufactured home or modular housing certification and may never.

10. DISCLOSURES. REGISTRANT ACKNOWLEDGES AND AGREES THAT ANY DESCRIPTIONS PROVIDED TO REGISTRANT ARE PRELIMINARY ONLY AND SUBJECT TO MODIFICATION BY MANUFACTURER FOR ANY REASON PRIOR TO EXECUTION OF A CONTRACT. DURING THE TERM OF THIS LOI, MANUFACTURER EXPRESSLY RESERVES THE RIGHT TO MAKE CHANGES TO ANY AND ALL UNITS AND TO PREPARE, MODIFY OR AMEND ANY DOCUMENT ASSOCIATED WITH THE CREATION, SALE, OR ADMINISTRATION OF THE UNITS AND SHALL HAVE NO OBLIGATION TO NOTIFY REGISTRANT IN SUCH EVENT. REGISTRANT AGREES THAT MANUFACTURER HAS MADE NO WARRANTIES OR REPRESENTATIONS. REGISTRANT HAS NOT RELIED ON ANY WARRANTY OR REPRESENTATION OF MANUFACTURER OR MANUFACTURER’S OFFICERS, EMPLOYEES, BROKER OR AGENTS IN CONJUNCTION WITH REGISTRANT’S DECISION TO EXECUTE THIS LOI.

11. Entire Agreement. This LOI constitutes the entire agreement between Registrant and Manufacturer, and neither Registrant nor Manufacturer shall be bound by any prior, contemporaneous or subsequent oral agreements.

12. No Assignment. It is specifically understood and agreed by Manufacturer and Registrant that Manufacturer may assign its rights and obligations under this LOI without the consent of Registrant. It is specifically understood and agreed by Manufacturer and Registrant that Registrant may not assign Registrant’s rights and obligations under this LOI without the prior written consent of Manufacturer, which consent may be withheld for any or no reason.

13. Headings. Section headings are for convenience of reference only and shall in no way affect interpretation.

14. Counterparts. This LOI may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement, and any of the parties hereto may execute this LOI by signing any such counterpart. DocuSign, electronic, and faxed documents and signatures shall also be deemed as originals.

15. Effective Date. The Effective Date of this LOI shall be the date this LOI is fully executed by Registrant and Manufacturer.