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(60) day extension of the Closing Date. The appropriate party shall exercise the extension by <br />providing at least three (3) days written notice to the other party. Any other extension shall be by <br />mutual agreement of the parties. <br />5.8. Waiver/Time. The waiver of any breach of any provision hereunder by Buyer or <br />Seller shall not be deemed to be a waiver of any preceding or subsequent breach hereunder. No <br />failure to delay of any party in the exercise of any right given hereunder shall constitute a waiver <br />thereof nor shall any partial exercise of any right preclude further exercise thereof. Time is of the <br />essence in this Agreement as to all dates and time periods set forth herein. To the extent that the last <br />day of any time period stipulated in this Contract falls on a Saturday, Sunday or legal holiday (State or <br />Federal), the period shall run until the end of the next day which is neither a Saturday, Sunday or legal <br />holiday. Any time period of ten (10) days or less specified herein shall not include Saturdays, <br />Sundays or legal holidays. Where used herein, the term "business days" shall be those days other than <br />Saturdays, Sundays or legal holidays. <br />5.9. Headings; Entire Agreement; Governing Law. The headings contained in this <br />Contract are for reference purposes only and shall not affect in any way the meaning or interpretation <br />of this Contract. This Contract constitutes the entire agreement and supersedes all prior agreements <br />and understandings, both written and oral, among the parties with respect to the subject matter hereof, <br />and this Contract may be executed in separate counterparts, each of which shall be deemed an <br />original, and all which shall constitute one and the same instrument. This Contract shall be governed <br />in all respects, including validity, interpretation and effect, by the laws of the State of Florida. <br />IN WITNESS WHEREOF, the parties have executed this instrument as of the day and year <br />indicated below. <br />Signed, sealed and delivered <br />in the presence of <br />(print name) <br />SELLER: <br />SHERWOOD FOREST I, LLC, a Florida <br />limited liability company <br />B <br />Margaret J. Casselberry, Manager <br />Date: t s <br />