UNIFIED SUMMARY OF THE JOINT VENTURE AGREEMENT - VINTAGE

HOUSES LP

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1. INVOLVED PARTIES
• Investor (Participating Partner): Individual or legal entity investing in the project.
• Managing Partner: 4 Hands Real Estates Investments LLC (or 4 Hands Investments LLC,
depending on the contract version), responsible for managing the Joint Venture.
• Project Entity: Vintage Houses LP, a limited partnership in Florida.
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2. PURPOSE OF THE AGREEMENT
The agreement establishes a Joint Venture (JV) for the construction and sale of a single- family
property located in Lehigh Acres, Florida.
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3. FINANCIAL CONTRIBUTIONS
• Investor: $125,000.00.
• Managing Partner: $205,500.00, invested throughout the construction.
• Total Project Cost: $330,500.00.
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4. MANAGEMENT AND ADMINISTRATION
• The project will be managed exclusively by the Managing Partner.
• The Investor has no decision-making power and assumes no commercial risks.
• Insurance: The property will be insured against various risks by the hired developer.
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5. AGREEMENT DURATION
• The contract remains in effect until the property is sold and profits are distributed.
• The Joint Venture will be dissolved upon project completion and financial liquidation.
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6. PROFIT DISTRIBUTION AND CAPITAL RETURN
• Investor: 70% of net profit.
• Managing Partner: 30% of net profit.
 • Payment to the investor will be made within 72 hours after the property is sold.
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7. CANCELLATION AND PENALTIES
• The Investor may cancel the contract within 72 hours without penalty, paying only
banking fees.
• Cancellation after 72 hours: 60% of the invested amount will be refunded, with 40%
retained for project expenses.
• After 30 days, cancellation is not possible, as the funds will already be allocated.
• If the Managing Partner cancels, they must reimburse 100% of the invested amount to
the investor.
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8. CONSTRUCTION DELAY PENALTY
• The construction period is 6 months, with a 120-day tolerance for unforeseen delays.
• If construction exceeds 10 months, the Managing Partner will pay 1% per month on the
invested capital.
• The penalty will be deducted from the Managing Partner’s profits or paid directly to the
investor within 30 days after project completion.
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9. PROPERTY SALE
• The property will be sold at market value.
• The investor will receive their capital before profit distribution.
• In one version of the contract, the sale will be managed by Tony Ademo Rosa da Silva
(SL3601985).
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10. NEW PARTNERS AND PARTNER EXIT
• The Managing Partner may admit new partners without prior approval.
• If a partner wishes to exit, they must notify the other partners 60 days in advance and
offer their share before selling to third parties.
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11. DEATH OF A PARTNER
• The Joint Venture will not be dissolved in the event of a partner’s death.
• The heirs will assume the deceased investor’s rights according to Florida law.
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12. PROJECT MONITORING AND COMMUNICATION
• The project will be monitored via the 4 Hands Real Estates Investments LLC mobile app.
• Financial and operational reports will be available to investors.
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13. INVESTMENT PAYMENT
• The investor must deposit $125,000.00 within 5 days of signing the contract.
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14. CONTRACT DURATION AND PROFIT PAYMENT
• The contract has a 12-month term.
• If the property is sold before the term ends, profits will be paid within 15 days after the
sale.
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15. JURISDICTION AND APPLICABLE LAW
• Florida law governs the contract.
• Any dispute will be resolved in Florida courts.
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16. JOINT VENTURE DISSOLUTION
• The Joint Venture will be dissolved after project completion and profit distribution.
• The Managing Partner must ensure the settlement of all financial commitments and cease
operations.
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17. CANCELLATION BY THE PARTICIPATING PARTNER
• The Participating Partner may cancel the contract within 72 hours without penalty, paying
only bank fees.
• After 72 hours, 60% of the invested amount will be refunded, while 40% will be retained
to cover expenses.
• After 30 days, cancellation will not be possible as the funds will already be allocated to
the project.
• Cancellation must be made via email and confirmed by 4 Hands Real Estates Investments
LLC.
• If cancellation is initiated by the company, 100% of the invested amount will be refunded
within 72 hours.
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18. CANCELLATION BY THE MANAGING PARTNER
• If 4 Hands Real Estates Investments LLC unilaterally cancels the contract before project
completion, it must refund 100% of the invested amount without deductions, covering any
applicable bank fees.
• Cancellation must be communicated via email with confirmation from the Participating
Partner.
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19. PENALTY FOR CONSTRUCTION DELAY
• The project must be completed within 6 months.
• If delayed, a 120-day grace period will be granted.
• If the delay exceeds 10 months in total, a penalty of 1% per month of the Participating
Partner’s invested amount will be applied.
• The penalty will be deducted from the Managing Partner’s profit share or paid directly to
the Participating Partner within 30 days of project completion.
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20. DISSOLUTION OF THE JOINT VENTURE
• The Joint Venture will dissolve upon the completion of its purpose.
• The Managing Partner must ensure the settlement of unavoidable commitments and
prohibit new operations, assuming joint and unlimited liability.
• The Managing Partner is responsible for the company’s asset valuation and liquidation
within 30 days based on the participation of each partner.
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21. ADHESION
• The Participating Partner’s intent to join the Joint Venture will be formalized through an
Agreement to Enter, which must be completed and signed, then forwarded to the Managing
Partner.
• The Participating Partner’s entry into the Joint Venture is confirmed once payment of
capital is received. The new partner will receive a confirmation letter from the existing
partners.
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22. PROJECT MONITORING AND OFFICIAL COMMUNICATION CHANNEL
• The project’s progress will be monitored via the 4 Hands Real Estates Investments LLC
mobile app, which serves as the official communication channel.
• All relevant updates, financial statements, and project-related documents will be available
within the app, ensuring full transparency and accessibility for the Participating Partner.
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23. PAYMENT TERMS
• The Participating Partner will contribute $125,000.00 as their total investment in the
project.
• This amount must be paid in full within 5 days from the date of contract execution.
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24. CONTRACT TERM AND PAYMENT OF INVESTMENT RETURN
• The agreement is valid for 12 months, unless terminated earlier as per the terms of the
contract.
• The return on investment and capital contribution payment will be processed within 15
days after the contract term expires or, if the property is sold before the contract expiration,
within 15 days of the sale.
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25. APPLICABLE LAW AND CHOICE OF JURISDICTION
• All documents and agreements related to the Joint Venture will be governed by and
construed according to the laws of the State of Florida.
• Any disputes related to this agreement will be brought in Florida courts.

Orlando, March 13th, 2024.

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4 HANDS REAL ESTATES INVESTMENTS LLC
JOAO SOUZA