In the event that a landowner wishes to exit the joint venture partnership, Housing Factory understands the importance of facilitating a smooth and orderly process while ensuring that the interests of all parties are protected.

Exit Provisions in Joint Venture Agreement: Housing Factory ensures that joint venture agreements include provisions that outline the process and conditions for a landowner's exit from the partnership. These provisions address key aspects such as notice periods, valuation methodologies, compensation mechanisms,transfer of ownership, and any otherrelevant considerations.

1. Consultation and Discussion: When a landowner expresses a desire to exit the joint venture, Housing Factory initiates consultations and discussions to understand the reasons behind the decision and explore potential alternatives. We listen to the landowner's concerns, assess the implications of the exit, and work collaboratively to find mutually acceptable solutions.

2. Valuation and Compensation: Housing Factory conducts a fair and impartial valuation of the landowner's share in the joint venture project to determine the appropriate compensation for the exit. Valuation methodologies may include appraisals, market analyses, income approaches, and other relevant factors to ensure thatthe landownerreceives fair compensation fortheir contribution to the project.

3. Negotiation and Agreement: Once the valuation is completed, Housing Factory engages in negotiations with the exiting landowner to reach agreement on the terms and conditions of the exit. This includes determining the amount and form of compensation, addressing any outstanding liabilities or obligations, and documenting the exit arrangements in a formal agreement.

4. Transition Planning:Housing Factory collaborates with the exiting landownerto develop a transition plan that outlines the steps and timelines for transferring ownership, responsibilities, and assets related to the joint venture project. This includes coordinating with relevant stakeholders, obtaining necessary approvals, and ensuring a seamless transition process.

5. Legal Compliance: Housing Factory ensures that all exit arrangements comply with applicable legal and regulatory requirements, including any obligations stipulated in the joint venture agreement, land use regulations, zoning ordinances, and contractual obligations with third parties. We work closely with legal advisors to ensure thatthe exit process is conducted in accordance with the law.

6. Closure and Follow-Up: Once the exit process is completed, Housing Factory ensures that all necessary documentation is finalized, and any remaining administrative tasks are addressed. We conduct a finalreview to ensure that all parties have fulfilled their obligations, and follow up with the exiting landowner to address any remaining concerns orissues.