Sample Membership Agreement

Independent Living Membership Agreement October THIS MEMBERSHIP AGREEMENT (the “Agreement”) is made this 8 day of , 2022 , by and between Lewes Senior Living Owner, LLC, dba The Lodge at Historic Lewes Steve & Sally Sample (“Lewes Lodge”), and ____________________________________________ (the “Applicant(s)”).

1. The Applicant intends to become a “Member” at The Lodge at Historic Lewes, a senior living community (“Lewes Lodge”) which entitles the Applicant to certain Membership benefits based on Applicants membership level at Lewes Lodge. The apartment selected is hereby identified as 3017 and further identified as Unit Type ______________________________.

1BR Deluxe Type 3 Unit # ________, The 28 Club Applicant is assigned Member #_________and is officially designated a _______________ Member (Charter or Club).

2. If the Applicant and Lewes Lodge have previously entered into a Deposit and Wait List Agreement (the “Wait List Agreement”). Any payments made toward the Applicant’s Wait List Agreement will be applied to the Total Membership Payment due upon signing this Membership Agreement.

3. The Applicant agrees to make the following payment to Lewes Lodge in connection with becoming a Member, which constitutes payment in full of the “Community Services Fee” which would otherwise be payable by the Applicant upon moving into Lewes Lodge: Two (2) Month’s Rent for Apartment (Market Value) LESS: Club Incentive(s) for Membership Type: 50% off Community Service Fee

$

$ $ $

11,600.00

5,800.00

Credit for Wait List Deposit

$

2,500.00

Total Membership Payment

$

3,300.00

1

4. The Applicant acknowledges that once paid, as provided in paragraphs above and notwithstanding anything in the Wait List Agreement to the contrary, the Community Services Fee (including the Wait List Deposit) shall be non-refundable.

5. The Applicant agrees to move into Lewes Lodge within sixty (60) days of Lewes Lodge’s opening date. Lewes Lodge agrees to keep the Applicant informed of this date during the construction process of Lewes Lodge. Applicant understands the opening date is approximate up until the time a Certificate of Occupancy is issued and Lewes Lodge issues an official opening date. In the event that the Applicant does not move into Lewes Lodge within sixty (60) days of the opening date, the Community Services Fee will be forfeited, and the Applicant's apartment may be canceled at the sole discretion of the community.

6. The Applicant acknowledges that his or her rights under the Agreement are personal to the Applicant and may not be reassigned. If this Agreement has been executed by more than one person as Applicant, then the rights under this Agreement shall relate to either or both of said persons, as the case may be.

7. Any notice to the Applicant shall be sufficiently given if mailed to the address given below or as the Applicant later may advise seller in writing.

8. Checks shall be made payable to Lewes Senior Living Owner, LLC and mailed to: The Lodge at Historic Lewes c/o Vantage Point Retirement Living, Inc. 411 Eagleview Blvd. Ste 114, Exton, PA 19341 Steve & Sally Sample

Applicant Name(s)

1234 Street Rd., Lewes, DE 19958

Address: Email:

steveandsally@gmail.com

Primary Signature:

Steven Sample Sally Sample

Secondary Signature: _______________________________ (if applicable)

Phone: Date:

302-555-5555 10/8/2022

10/8/2022 Date: __________________

The Lodge at Historic Lewes: By:

Melissa Miller Name

Director of Community Relations Title

10/8/2022 Date 2