Document:

Exhibit 10.1 

ESCROW
AGREEMENT (PUBLIC OFFERING)

          AGREEMENT
made this 19th day of November, 2008 by and among Millennium Group
Worldwide Incorporated, whose address is 2825 North 10th Street, St. Augustine,
Florida 32084 (the “lssuer”), and Miami Escrow Services, Inc., whose address
is: 2520 SW 22nd Street, Suite 2-143, Coral Gables, Florida 33145 (the “Escrow
Agent”).

WITNESSETH:

          WHEREAS,
the Issuer has filed with the Securities and Exchange Commission (the
“Commission”) a Form S-1 registration statement (the
“Registration Statement”) covering a proposed public offering of its securities
as described on the Information Sheet;

          WHEREAS,
the Issuer proposes to offer the Securities for sale to the public with respect
to the Minimum Securities Amount and Minimum Dollar Amount and at the price per
share unit all as set forth on the information Sheet;

          WHEREAS,
the Issuer proposes to establish an escrow account, to which subscription
monies which are received by the Escrow Agent and the Escrow Agent is willing
to establish the Bank Accounton the terms and subject to the conditions
hereinafter set forth; and

          WHEREAS,
the Escrow Agent will establish a bank account (the “Bank Account or “Escrow
Account”) at an FDIC insured financial institution located in the State of
Florida into which the subscription monies received by the Escrow Agent are to
be deposited as provided herein;

          NOW,
THEREFORE, in consideration of the premises and mutual covenants herein contained,
the parties hereto hereby agree as follows:

          1.          
Information Sheet. Each capitalized term not otherwise defined in this
Agreement shall have the meaning set forth for such term on the information
sheet which is attached to this Agreement and is incorporated by reference
herein and made a part hereof (the “information Sheet”).

          2.          
Establishment of the Escrow Account.

          2.1  The Escrow Agent shall establish a
non-interest-bearing bank account at an FDIC insured financial institution
located in the State of Florida selected by the Escrow Agent, and bearing the
designation set forth on the Information Sheet (heretofore defined as the “Bank
Account” or “Escrow Account”). The purpose of the Bank Account is for (a) the
deposit of all subscription monies (checks, cash or wire transfers) which are
received by the Escrow Agent from prospective purchasers of the Securities, (b)
the holding of amounts of subscription monies which are collected through the
banking system, and (c) the disbursement of collected fund s ,
all as described herein. 

          2.2  On or before the date of the initial deposit
in the Escrow Account pursuant to this Agreement, the Issuer shall notify the
Escrow Agent in writing of the effective date of the Registration Statement
(The “Effective Date”), and the Escrow Agent shall not be required to accept
any amounts for credit to the Escrow Account prior to its receipt of such
notification.

          2.3  The Offering Period, which shall be deemed
to commence on the Effective Date, shall consist of the number of calendar days
or business days set forth on the information Sheet. The Offering Period shall
be extended by an Extension Period only if the Escrow Agent shall have received
written notice thereof at least five (5) business days prior to the expiration
of the Offering Period. The Extension Period, which shall be deemed to commence
the next calendar day following the expiration of the Offering Period, shall
consist of the number of calendar days or business days set forth on the
information Sheet. The last day of the Offering Period, or the last day of the
Extension Period (if the Escrow Agent has received written notice thereof as
hereinabove provided), is referred to herein as the “Termination Date”. Except
as provided in Section 4.3 hereof, after the Termination Date the Issuer shall
not deposit, and the Escrow Agent shall not accept, any additional amounts
representing payments by prospective purchasers.

          3.
Deposits to the Escrow Account.

          3.1
Upon the Escrow Agent’s receipt of such monies, they shall be credited to the
Bank Account. All checks delivered to the Escrow Agent shall be made payable to
“Miami Escrow Services, Inc., as Escrow Agent for the offering by the Issuer”.
Any check payable other than to the Escrow Agent as required hereby shall be
returned to the prospective purchaser, or if the Escrow Agent has insufficient
information to do so, then to the Issuer (together with any Subscription
Information, as defined below or other documents delivered therewith) as soon
as practicable following receipt of such check by the Escrow Agent, and such
check shall be deemed not to have been delivered to the Escrow Agent pursuant
to the terms of this Agreement.

          3.2
Promptly after receiving subscription monies as described in Section 3.1, the
Escrow Agent shall deposit the same into the Bank Account. Amounts of monies so
deposited are hereinafter referred to as “Escrow Amounts”. Simultaneously with
each deposit to the Escrow Account or the Issuer, shall inform the Escrow Agent
in writing of the name and address of the prospective purchaser, the amount of
Securities subscribed for by such purchaser, and the aggregate dollar amount of
such subscription deposit into the Bank Account checks which are not
accompanied by the appropriate Subscription Information. 

          3.3
The Escrow Agent shall not be required to accept for credit to the
Escrow Account or for deposit into the Bank Account, checks which are not accompanied
by the appropriate Subscription Information. Wire transfers
representing payments by prospective purchasers shall not be deemed deposited
in the Escrow Account until the Escrow Agent has received in writing the
Subscription information required with respect to such payments.

          3.4
The Escrow Agent shall not be required to accept in the Escrow Account any
amounts representing payments by prospective purchasers, whether by check, or
wire, except during the Escrow Agent’s regular business hours.

          3.5
Only those Escrow Amounts, which have been deposited in the Bank Account and
which have cleared the banking system and have been collected by the Escrow
Agent, are herein referred to as the “Fund”.

          3.6
If the proposed offering is terminated before the Termination Date, the Escrow
Agent shall refund any portion of the Fund prior to disbursement of the Fund in
accordance with Article 4 hereof upon instructions in writing signed by the
Issuer.

          4.
Disbursement from the Bank Account.

          4.1
Subject to Section 4.3 below, if by the close of regular banking hours on the
Termination Date the Escrow Agent determines that the amount in the Fund is
less than the Minimum Dollar Amount or the Minimum Securities Amount, as
indicated by the Subscription information submitted to the Escrow Agent, then
in either such case, the Escrow Agent shall promptly refund to each prospective
purchaser the amount of payment received from such purchaser which is then held
in the fund or which thereafter clears the banking system, without interest
thereon or deduction there from, by drawing checks on the Bank Account for the
amounts of such payments and transmitting them to the purchasers. In such
event, the Escrow Agent shall promptly notify the Issuer of its distribution of
the Fund. 

          4.2
Subject to Section 4.3 below, if at any time up to the close of regular banking
hours on the Termination Date, the Escrow Agent determines that the amount in
the Fund is at least equal to the Minimum Dollar Amount and the Escrow Agent
shall promptly notify the Issuer of such fact in writing. The Escrow Agent
shall promptly disburse the Fund, by drawing checks on the Bank Account in
accordance with instructions in writing signed by both the Issuer as to the
disbursement of the Fund, promptly after it receives such instructions.

          4.3
[This provision applies only if a Collection Period
has been provided for by the appropriate indication on the information Sheet.]
If the Escrow Agent has on hand at the close of business on the Termination
Date any uncollected amounts which when added to the fund would raise the
amount in the Fund to the Minimum Dollar Amount, and result in the Fund
representing the sale of the Minimum Securities Amount, the Collection Period
(consisting of the number of business days set forth on the information Sheet)
shall be utilized to allow such uncollected amounts to clear the banking
system. During the Collection Period the Issuer shall not deposit, and the
Escrow Agent shall not accept, any additional amounts; provided, however, that
such amounts as were received by the Issuer by the close of business on the
Termination Date may be deposited with the Escrow Agent by noon of the next
business day following the Termination Date. If at the close of business on the
last day of the Collection Period an amount sufficient to raise the amount in
the fund to the Minimum Dollar Amount and which would result in the fund
representing the sale of the Minimum Securities Amount shall not have cleared
the banking system, the Escrow Agent shall promptly notify the Issuer in
writing of such fact and shall promptly return all amounts then in the fund,
and any amounts which thereafter clear the banking system, to the prospective
purchasers as provided in Section 4.2 hereof.

          4.4
Upon disbursement of the Fund pursuant to the terms of this Article 4, the
Escrow Agent shall be relieved of all further obligations and released from all
liability under this Agreement. 

          5.
Rights, Duties and Responsibilities of Escrow Agent. It is understood
and agreed that the duties of the Escrow Agent are purely ministerial in
nature, and that:

          5.1
T he Escrow Agent shall notify the Issuer of the Escrow
Amounts which have been deposited in the Bank Account and of the amounts,
constituting the Fund, which have cleared the banking system and have been
collected by the Escrow Agent.

          5.2
The Escrow Agent shall not be required to accept from the
issuer any Subscription information pertaining to
prospective purchasers unless such Subscription information is accompanied by
checks or wire transfers meeting the requirements of Section 3.1, nor shall the
Escrow Agent be required to keep records of any information with respect to
payments deposited by the Issuer except as to the amount of such payments;
however, the Escrow Agent shall notify the Issuer within a reasonable time of
any discrepancy between the amount set forth in any Subscription information
and the amount delivered to the Escrow Agent therewith. Such amount need not be
accepted for deposit in the Escrow Account until such discrepancy has been
resolved.

          5.3
The Escrow Agent shall be under no duty or responsibility to enforce collection
of any check delivered to it hereunder. The Escrow Agent, within a reasonable
time, shall return to the Subscriber any check received which is dishonored,
together with the Subscription information, if any, which accompanied such
check.

          5.5
The Escrow Agent shall be entitled to rely upon the accuracy, act in reliance
upon the contents, and assume the genuineness of any notice, instruction,
certificate, signature, instrument or other document which is given to the
Escrow Agent pursuant to this Agreement without the necessity of the Escrow
Agent verifying the truth or accuracy thereof. The Escrow Agent shall not be
obligated to make any inquiry as to the authority, capacity, existence or
identity of any person purporting to give any such notice or instructions or to
execute any such certificate, instrument or other document.

          5.6
If the Escrow Agent is uncertain as to its duties or rights hereunder or shall
receive instructions with respect to the Bank Account, the Escrow Amounts of
the Fund which, in its sole determination, are in conflict either with other
instructions received by it or with any provision of this Agreement, it shall
be entitled to hold the Escrow Amounts, the Fund, or a portion thereof, in the
Bank Account pending the resolution of such uncertainty to the Escrow Agent’s
sole satisfaction, by final judgment of a court or courts of competent
jurisdiction or otherwise; or the Escrow Agent, at its sole option, may deposit
the fund (and any other Escrow Amounts that thereafter become part of the fund)
with the Clerk of a court of competent jurisdiction in a proceeding to which
all parties in interest are joined. Upon the deposit by the Escrow Agent of the
Fund with the Clerk of any court, the Escrow Agent shall be relieved of all
further obligations and released from all liability hereunder.

          5.7
The Escrow Agent shall not be liable for any action taken or omitted hereunder,
or for the misconduct of any employee, agent or attorney appointed by it,
except in the case of willful misconduct or gross negligence. The Escrow Agent
shall be entitled to consult with counsel of its own choosing and shall not be
liable for any action taken, suffered or omitted by it in accordance with the
advice of such counsel.

          5.8
The Escrow Agent shall have no responsibility at any time to ascertain whether
or not any security interest exists in the Escrow Amounts, the fund or any part
thereof or to file any financing statement under the Uniform Commercial Code
with respect to the fund or any part thereof.

4

          6.          
Amendment; Resignation. This Agreement may be
altered or amended only with the written consent of the Issuer and the Escrow
Agent. The Escrow Agent may resign for any reason upon three (3) business days’
written notice to the Issuer. Should the Escrow Agent resign as herein
provided, it shall not be required to accept any deposit, make any disbursement
or otherwise dispose of the Escrow Amounts or the Fund, but its only duty shall
be to hold the Escrow Amounts until they clear the banking system and the Fund
for a period of not more than five (5) business days following the effective
date of such resignation, at which time (a) if a successor escrow agent shall
have been appointed and written notice thereof (including the name and address
of such successor escrow agent) shall have been given to the resigning Escrow
Agent by the Issuer and such successor Escrow Agent, then the resigning Escrow
Agent shall pay over to the successor escrow agent the Fund, less any portion
thereof previously paid out in accordance with this Agreement; or (b) if the
resigning Escrow Agent shall not have received written notice signed by the
Issuer and a successor escrow agent, then the resigning Escrow Agent shall
promptly refund the amount in the Fund to each prospective purchaser, without
interest thereon or deduction therefrom, and the resigning Escrow Agent shall
promptly notify the Issuer in writing of its liquidation and distribution of
the Fund; whereupon, in either case, the Escrow Agent shall be relived of all
further obligations and released from all liability under this Agreement.
Without limiting the provisions of Section 8 hereof, the resigning Escrow Agent
shall be entitled to be reimbursed by the Issuer for any expenses incurred in
connection with its resignation, transfer of the Fund to a successor escrow
agent or distribution of the fund pursuant to this Section 6.

          7.          
Representations and Warranties. The Issuer hereby jointly and severally
represent and warrant to the Escrow Agent that:

          7.1
No party other than the parties hereto and the prospective purchasers have, or
shall have, any line, claim or security interest in the Escrow Amounts or the
fund or any part thereof.

          7.2
No financing statement under the Uniform Commercial Code is on file in any
jurisdiction claiming a security interest in or describing (whether
specifically or generally) the Escrow Amounts or the fund or any part thereof.

          7.3
The Subscription information submitted with each deposit shall, at the time of
submission and at the time of the disbursement of the Fund, be deemed a
representation and warranty that such deposit represents a bona fide payment by
the purchaser described therein for the amount of Securities set forth in such
Subscription Information.

          7.4
All of the information contained in the information Sheet is, as of the date
hereof, and will be, at the time of any disbursement of the Fund, true and
correct.

5

          8.          Fees
and Expenses. The Escrow Agent shall be entitled to the Escrow Agent Fees
set forth on the information Sheet, payable as and when stated therein. In
addition, the lssuer agrees to reimburse the Escrow Agent for any reasonable
expenses incurred in connection with this Agreement, including, but not limited
to, reasonable counsel fees. Upon receipt of the Minimum Dollar Amount, the
Escrow Agent shall have a lien upon the Fund to the extent of its fees for
services as Escrow Agent.

          9.
          Indemnification
and Contribution.

          9.1
The Issuer referred to as the “Indemnitor” agrees to indemnify the Escrow Agent
and its officers, directors, employees, agents and shareholders (collectively
referred to as the “Indemnitees”) against, and hold them harmless of and from,
any and all loss, liability, cost, damage and expense, including without
limitation, reasonable counsel fees, which the Indemnitees may suffer or incur
by reason of any action, claim or proceeding brought against the Indemnitees
arising out of or relating in any way to this Agreement or any transaction to
which this Agreement relates, unless such action, claim or proceeding is the
result of the willful misconduct or gross negligence of the indemnitees.

          9.2
If the indemnification provided for in Section 9.1 is applicable, but for
reason is held to be unavailable, the Indemnitor shall contribute such amounts
as are just and equitable to pay, or to reimburse the Indemnities for, the
aggregate of any and all losses, liabilities, costs, damages and expenses,
including counsel fees, actually incurred by the Indemnitees as a result of or
in connection with, and any amount paid in settlement of, any action, claim or
proceeding arising out of or relating in any way to any actions or omissions of
the Indemnitor.

          9.3
The provisions of this Article 9 shall survive any termination of this
Agreement, whether by disbursement of the Fund, resignation of the Escrow Agent
or otherwise.

          10.
Governing Law and Assignment. This Agreement shall be construed in
accordance with and governed by the laws of the State of Florida and shall be
binding upon the parties hereto and their respective successors and assigns;
provided, however, that any assignment or transfer by any party of its rights
under this Agreement or with respect to the Escrow Amounts or the Fund shall be
void as against the Escrow Agent unless (a) written notice thereof shall be
given to the Escrow Agent; and (b) the Escrow Agent shall have consented in
writing to such assignment or transfer.

          11.
Notices. All notices required to be given in connection with this
Agreement shall be sent by registered or certified mail, return receipt
requested, or by hand delivery with receipt acknowledged, or by the Express
Mail service offered by the United States Post Office, and addressed, if to the
Issuer at their respective address set forth on the Information Sheet, and if
to the Escrow Agent, at its address set forth above.

6

          12.          
Severability. If any provision of this Agreement or the application
thereof to any person or circumstance shall be determined to be invalid or
unenforceable, the remaining provisions of this Agreement or the application of
such provision to persons of circumstances other than those to which it is held
invalid or unenforceable shall not be affected thereby and shall be valid and
enforceable to the fullest extent permitted by law.

          13.
Execution in Several Counterparts. This Agreement may not be executed in
several counterparts
or by separate instruments, all of such counterparts and instruments shall
constitute one agreement, binding on all of the parties hereto.

          14.          
Entire Agreement. This Agreement constitutes the entire agreement
between the parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and understandings (written or oral) of the
parties in connection therewith.

          IN
WITNESS THEREOF, the undersigned have executed this Agreement as of the day and
year first above written.

	
 

	
 

	
Signed,
  sealed and delivered

	
ISSUER:

	
in the
  presence of:

	
MILLENNIUM
  GROUP WORLDWIDE

	
 

	
INCORPORATED

	
 

	
 

	
 

	
 

	
 

	
 /s/
  Kenneth Timbrook 

	
By: 

	
 /s/ 

	
Julius
  Jackson Sr 

	
 

	

	
 

	

	

	

	
Print
  Name: Kenneth Timbrook 

	
 

	
 

	
Julius
  Jackson, President 

	
Sr.,
  President

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 /s/
  Christy Timbrook 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Print
  Name: Christy Timbrook 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MIAMI ESCROW
  SERVICES, INC

	
 

	
 

	
 

	
 

	
 

	
 /s/ Maria L Ruiz 

	
By: 

	
 /s/ 

	
Marc Lipsitz 

	
 

	

	
 

	

	

	
 

	
Print Name:  Maria L Ruiz 

	
 

	
 

	
 Marc Lipsitz, President 

	
 

	
 

	
 

	
 

	
 

	
 /s/ Dara Rasul 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Print Name:  Dara Rasul 

	
 

	
 

	
 

	
 

7 

ESCROW
AGREEMENT INFORMATION SHEET

1.          The
Issuer

Name:
Millennium Group Worldwide Incorporated

Address: 2825
North 10th street, St. Augustine, Florida 32084

State of
Incorporation of Organization: Florida

2.          The
Securities

Description of
the securities to be offered (e.g., shares of or warrants for common stock,
debentures, units consisting of share s
and warrants, etc.) : Common Stock 

Par value, if
any: $.001 

Offering price
per share/unit/other $12.00 per share 

3.
          Minimum Amounts
Required for Disbursement of the Account

Aggregate
dollar amount which must be collected before the Escrow Account may be
disbursed to the lssuer (“Initial Minimum Dollar Amount”)$3,000,000.00 

4.          Plan
of Distribution of the Securities

	
 

	
 

	
Offering  Period:

	
 Up  to 9 Months 

	
 

	
 

	
Extension
  Period, if any;

	
 Up to 24 Months 

	
 

	
 

	
Collection
  Period, if any

	
4 business
  days

5.
          Title of Escrow
Account:          Miami
Escrow Services, Inc.

Escrow Agent
for the offering by: Millennium Group Worldwide Incorporated

6.
Professional Accounting Fees

$10,000.00
based on approximately 500 subscribers plus out of pocket costs subject to
adjustment if more than 500 subscribers. 

 7.
Escrow Agent fees: hourly rate of $200 an hour plus out of pocket costs
incurred by the Escrow Agent, including postage and stationaryEXHIBIT
10.2

JOINT
VENTURE AGREEMENT

THIS
JOINT VENTURE AGREEMENT is
made as of November /4.2007, by and
between the MILLENNIUM GROUP WORLDWIDE. INC, a Florida corporation located at 2825 North 10th Street, St.
Augustine, Florida 32084 (the “MGW”), and FRANKLIN AUTO MALL, INC. d/b/a Champion Chevrolet, Buick, Potomac, GMC.
located at 1201 Armory Drive, Franklin, Virginia 23851 (“Franklin
Auto”), (individually or collectively
referred to hereinafter as “Partner” or “Partners”
respectively).

RECITALS:

WHEREAS, MGW is in the business of business
development, real estate development and
finance and Franklin Auto has substantial business experience in development
and management of automotive dealerships,

WHEREAS, MGW and Franklin Auto hereby agree to form a joint
venture with respect to the acquisition, ownership and development of
automotive dealerships throughout the United
States and internationally in accordance with the conditions and terms
stated below,

WHEREAS, the Partners hereby agree that the first automotive dealership
to be acquired by the joint
venture will be Champion Chevrolet, Buick, Pontiac, and GMC Truck
(“First Dealership”);

WHEREAS, the Partners have agreed that their respective performances
required under this Agreement,
a majority of the funding required to fund the joint venture and the acquisition of the First Dealership shall be
contingent on the completion of an Initial Public Offering (“IPO”)
placed by MOW (Form S-1, filed August 18, 2007 for $75,000,000.00); and

WHEREAS, with respect to the above stated funding for the acquisition
of the First Dealership and
the IPO funding contingency, the Partners further agree to the following:

          a.
That all times during the IPO
approval process and funding the terms of this Agreement shall remain
enforceable between the Partners; and

          b.
The Partners shall not be obligated to perform any of their respective duties and responsibilities required under the
terms of this Agreement unless a minimum of $10,000,000.00 is raised in
the IPO.

	
 

	
 

	
 

	
 

	
 

	
c.

	
In the event that the funding requirements of the IPO are not
  achieved within 120 days from the IPO filing date, this Agreement shall automatically terminate and
  the Partners shall be released of all obligations.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NOW, THEREFORE, it is mutually agreed by and between the parties
  hereto as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
I. PURPOSE: the MOW and Franklin Auto hereby enter into a
  joint venture (the “Venture”) for the purpose of acquiring, developing
  and operating the First Dealership, together with all rights therein and
  thereto.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2. TERM: The term of the Venture shall commence as of the
effective date of this Agreement and, unless sooner terminated in
accordance with the provisions of Clause 14 below, shall continue for the
aggregate term of any and all agreements relating to the First Dealership
(the “Term”). 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2. FORMATION AND NAME OF
CORPORATION: Prior to
or upon execution of this
Agreement, the Partners shall form a C-Corporation, incorporated in the State of Virginia (“Corporation”). This
Corporation will be the legal corporate entity that will own, control, operate and manage all rights in the
First Dealership and conduct the
business of the Venture. The name of the Corporation shall be the “Millennium Auto Group, Inc”. The Partners agree
that James .1. Hayden, Jr. will be designated as CEO of the
Corporation. The Partners shall also enter into a shareholders agreement pursuant to which they would be granted certain
rights as described herein and
will work together to develop, operate and finance the First Dealership. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2. TITLE: Any and all property and assets of the Venture as well as all rights, including without
limitation, all copyrights,
  trade names and trademarks, in and to the First Dealership and all other business related to the First
  Dealership, and all ancillary rights, shall be owned by and title held in the
  name of the Venture. Each Partner agrees to execute any assignment of rights
  that is required to implement this provision.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2. PRINCIPAL ONCE: The location of the principal office of the
Venture shall be at 1201 Armory Drive, Franklin, Virginia 23851, or at such
other place or places as the
Partners shall from time to time determine. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
6. NAME AND ADDRESS OF EACH PARTNER: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
a.    Millennium Group Worldwide, Inc. Julius
  Jackson, Chairman

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2825 North
  101’ Street,

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
St.
  Augustine, Florida 32084

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
b.    Franklin Auto Mall. Inc. James J. Hayden, Jr., President 1201
  Armory Drive

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Franklin,
  Virginia 23851

7. CONTRACTS AND AGREEMENTS: All contracts or agreements to be entered into by. on behalf of, or for the
benefit
of the Venture must be signed by the
Partners hereto, it being understood that no Partner shall have the right to
bind the Venture with respect to the
First Dealership without the express written consent of the other Partner, It is understood that if any contract or
agreement is entered into by a
Partner without the express written consent of the other Partner, the Partner
purporting to enter into such unauthorized contract or agreement on behalf
of the Venture will indemnify and hold harmless the non-contracting Partner from all claims, liabilities, damages and
costs (including attorneys’ fees and court costs) arising out of or
pertaining to Such unauthorized contract or agreement.

R. CAPITAL CONTRIBITTIONS,
SERVICES PROVIDED AND ADDITIONAL
CONTRIBUTIONS: (Subject to the WO funding
contingency stated above) The Partners agree to collectively, use best
efforts, to secure financing for the development and operations of the First
Dealership and to provide the following specific services to the Venture:

a.
It is understood that MOW will be required to make an initial capital contribution in the amount of $4,000,000.00 to the
Venture and for its capital
contribution MGW shall own Eighty point One Percent (80.1%) of the
Venture.

b.
It is understood that the Franklin Auto will be required to make a cash contribution of $1,800,000.00 to the Venture. It
is further understood that Franklin Auto’s contribution shall also consist
of providing professional services and
experience as an automotive dealership company to the Venture. Franklin Auto shall (I) develop the
overall concept and activities involved
in the First Dealership. (2) provide administrative services in the management
and operations of the First Dealership and (3) secure the services of other professionals and solicit
individuals who will participate in
the First Dealership. For its contributions to the Venture, Franklin Auto shall
own Nineteen point Nine Percent (19.9%) of the Venture. Franklin Auto shall
also assign and transfer to the Venture of all its right, title and interest in
the First Dealership.

c. The Partners shall not be obligated to make any additional
contributions to the capital
of the Venture. If a need for additional capital arises, each Partner may contribute whatever portion of the
total sum required that each elects
to contribute, in its sole discretion or at such times and in such amounts
as they mutually agree.

9.
ALLOCATION OF PROFITS AND LOSSES:. TAX CREDITS AND DEDUCT:DNS:

a. The Partners agree that for the Term of this Agreement, the net
profits or net losses of the
Venture shall be allocated, credited or charged as the case may be, to the Partners in the following
shares:

(1)
Eighty point one percent (80.1%) to MGW.

(2)
Nineteen point one percent (19.1%) to the Franklin Auto.

The Partners further agree that the above stated allocation of net
profits or net losses may be re-allocated at any time during the
Term of this Agreement by mutual consent of the Partners. The terms “net
profits” and “net losses” as used herein shall be defined as gross receipts
received by the Venture from any and all
sources in connection with the First Dealership and all uses thereof and ancillary rights thereto, less the aggregate
of all costs, charges, fees and expenses
of the Venture including, without limitation, third party gross or net profit participations. For purposes of computing
net profits and net losses only the
costs and expenses approved by both Partners and incurred by either Partner
directly on behalf of the First Dealership or the Venture shall be a charge against and shall reduce the gross receipts
of the Venture in calculating net profits or net losses of the Venture.

b. Any and all tax credits and/or deductions to which the Venture shall
be entitled shall be allocated
equally between the Partners in their respective shares as stated above.

10.
BOOKS, RECORDS AND RANK ACCOUNTS:

(a)
At all times during the term hereof, the Venture shall keep or cause to
be kept, at the principal place of business of the Venture or at such other
place as the Venture may
determine, books and accounting records for the business and operations of the Venture. Such books shall be
open to inspection by the Partners, or their authorized representatives,
during reasonable working hours upon Fifteen (15) days advance written notice.
The accounting for Venture purposes,
including the determination of “net profits” and “net losses” shall be in
accordance with generally accepted accounting principles consistently applied. The venture shall engage the services of
an accountant who shall be selected with the mutual approval of both
patties.

	
 

	
 

	
 

	
(a)There shall
  be maintained for each Partner a capital account and an income account. Each Partner’s distributive
  share of profits and losses, and monthly and end-of –the-year
  withdrawals not previously posted shall be credited
  or debited to the respective Partner’s income account as of the close of the calendar year. Thereafter, any debit or
  credit balance remaining in the income account of a Partner shall be debited,
  or credited, as the case may be, to their respective capital account.

(c) The Venture
shall be on a calendar year basis for accounting purposes (the “tax
year”). As soon after the close of each tax year as is reasonably practical, a full and accurate accounting shall be made of
the affairs of the Venture as of the close of each tax year. On such
accounting being made, the net profit or net
loss sustained by the Venture during such tax year shall be ascertained and credited or charged, as the case may be, in the
books of account of the Venture in the proportions hereinabove
specified.

(d) From time to time, but no less than annually,
the Venture shall make distributions from the capital of the Venture which
shall be in excess of the reasonable needs of the Venture for working
capital and reserves as mutually determined by the Partners in
accordance with Clause 15(a), provided, however,
that so long as any Partner has any indebtedness or other outstanding
obligations to the Venture, any distribution that would be otherwise be made shall first be applied toward any such
indebtedness or other obligation. 

(e) All funds of the Venture shall be deposited in an account or
accounts in the name of the
Venture at such bank or banks as may from
time to time be selected by the
Venture. All withdrawals from any such account or accounts shall be made
by check or other written instrument and shall require the signature of a representative of the MOW and the
signature of a representative of Franklin Auto.

11. MANAGEMENT AND RESPONSIBILITIES OF TELE PARTIES: The Partners shall have equal power, authority
and control over all business, financial and legal matters in connection with
the Venture and the development, management, and exploitation of the First
Dealership, and all subsidiary and ancillary
rights thereto and all exploitation thereof including. without limitation, decisions
regarding the management, budget, location of the Venture and the consideration for any rights granted or services
rendered hereunder by Partners and
others, and all decisions regarding the foregoing shall be made only by unanimous
agreement of the Partners.

12. WARRANTIES
ANDINDEMIFICATIONS: 

a. Each
Partner hereby warrants and represents to the other that he or it:

	
 

	
 

	
1.

	
Has the
right and capacity to enter into this Agreement;

	
 

	
2.

	
Shall not encumber or sell any property, assets or
intangible rights of the Venture without the written consent of the
other Partner;

	
 

	
3.

	
Shall not assign, mortgage, hypothecate or
encumber his or its interest in the Venture
without the written consent of the other Partner:

	
 

	
4.

	
Shall not loan any funds or extend the credit
of the Venture to any person or entity
without the written consent of the other Partner;

	
 

	
5.

	
Shall not incur any cost, expense, liability or obligation in the name or on the credit of the Venture without
the written consent of the other Partner; 

	
 

	
6.

	
Shall not
draw any checks on the Venture without the signature of both Partners
hereon.

b. Each Partner hereby indemnifies and holds harmless the other Partner
from and against any and all claims, liabilities, damages and costs (including but not limited to reasonable
attorneys’ fees and court costs) arising
from any breach by such Partner of any representation, warranty, or
agreement made by such Partner hereunder.

13. EXCLUSIVITY: None of the Partners shall be
exclusive to the Venture and each Partner
may develop other businesses and engage in other activities that are separate
and apart from the Venture and the other Partner. However, it is agreed by the Partners that each Partner shall devote as
much time as shall be reasonably necessary to fulfill his or its duties and
obligations in connection with the Venture and the First Dealership.

14. DISSOLUTION AND
TERMINATION OF THE VENTURE: 

a. The Venture
shall be dissolved and terminated and its business wound up upon the first to
occur of the following:

1. The
expiration of the term referred to in Clause 2, above;

2. Mutual
agreement of the Partners at any time during the Term of this Agreement;

3. Operation of law;

4. Material breach of this Agreement by any Partner, which breach is not cured within fifteen (15) days
after written notice thereof from the
non-defaulting Partner; provided, however,
it is understood that only the non-defaulting Partner shall
have the right to terminate the Venture pursuant
to this Clause 14(a) (4). Such
termination shall not release the
defaulting Partner from any obligations or liabilities to the other
Partner, whether pursuant to the provisions of this Agreement or at law or in
equity.

h. Upon
termination of the Venture, the business of the Venture shall he wound up and assets and properties of the Venture
shall be liquidated. Upon the
happening of any one of the events mentioned in Clause 14(a) hereof, the
Venture shall engage in no further business, other than that necessary to
protect the assets of the Venture, wind-up its business and distribute
its assets as provided herein. 

c. In the event
of a dissolution or termination of the Venture, the Partners hereby agree that
all contracts, trademarks and any underlying property rights in the First Dealership, shall be equally
owned fifty percent (50%) by each Partner.

15. DISTRUIVITIONS:

d. Distributions
Other than Upon Liquidation. Distributions
of available cash shall be made at
such time and in such amounts as in the discretion of the Partners, the
business, the affairs and the financial circumstances of the Venture permit.

e. Distributions of Assets on Dissolution and Liquidation. Upon
any dissolution and
liquidation of the Venture, the assets of the Venture shall be liquidated in an orderly manner, with a view
toward maximizing the proceeds from such liquidation, and the proceeds
thereof shall be distributed in the following order of priority:

1. The expenses of liquidation and the debts of the Venture, other than debts owing to the
Partners, shall be
paid;

2. Debts owing to Partners,
if any, shall be paid;

3.
Distribution shall be made to Partners of amounts equal to their respective capital account balances, if
any, which shall be made in the ratio of their respective account balances;

4.
Any funds remaining after the amounts described in the foregoing Sub-clauses (1), (2) and (3) have been
paid shall be distributed to the
Partners in the proportion in which the Partners share the net profits of the Venture at the time of such
distribution.

5.
If the Partners have not sold the assets of the Venture (i.e.
non-monetary assets other than rights in the Property) within one (1) year following dissolution, then there shall be distributed to
the Partners as tenants in
common, subject to the foregoing
Sub-clauses (1), (2), (3) and (4) of this Clause 15(b), undivided interests in the assets of the Venture, as
valued and constituted on the date.

15. GAIN OR LOSS
DURING DISSOLU’T’ION: Any
gain or loss arising out of the disposition of the assets of the Venture during
the course of dissolution shall be borne by
the Partners in the same proportions as such
gain or lass was shared by the Partners hereunder immediately prior to
dissolution.

16. OPPORTUNITIES AND CONFLICTS OF INTEREST: Any Partners may engage or possess an interest in any other
business Venture of every
kind, nature and description, including ventures or enterprises which
may be competitive in nature with the Venture, and neither the Venture nor any
of the Partners shall have any rights in and
to said business ventures, or to the income or profits derived there
from.

17. DEATH, INCAPACITY, DISABILITY OF A PARTNER:

a. Upon the death, legal incapacity or total disability of a Partner
leaving the other Partner surviving, this joint venture shall not
dissolve but shall continue as a
limited partnership with the successor(s) in interest of such deceased,
incapacitated or disabled Partner as a limited partner thereof, which limited partner shall not be entitled to
vote on the partnership business
except that such limited partner’s written approval and signature shall
be required for any sale or other disposition of the Production.

b. If in the opinion of legal counsel for the deceased. incapacitated
or disabled Partner cannot be converted to a limited partnership
interest without adverse tax consequences, then upon the death, incapacity or
disability of such Partner, this joint venture shall not dissolve but shall
continue with the remaining Partner and the legal representative(s) or successor(s) in interest of such deceased,
incapacitated or disabled
Partner, shall thereafter be deemed a
Class IA Partner in the Venture. Such Class B Partner shall be entitled
to the same economic rights, preferences as to distribution, capital and profits interest in the Venture as
was the deceased, incapacitated or disabled Partner, including the right
to approve all withdrawals; provided, however that such Class B Partner(s) shall
not be entitled to vote on Venture
matters or to participate in the management of the venture business, except that such Class B Partner’s written
approval shall be required for any sale or other disposition of the
Production.

18. NOTICES: All such notices which any party is required or
may desire to serve hereunder shall be in writing and shall be served by
personal delivery to the other party or by prepaid registered or certified mail
addressed to the parties at their respective
addresses as set forth in Clause 6 hereof, or at such other address as the parties may from time to time designate in writing
upon the books of the
Venture. or by facsimile with written verification of receipt.

19. ARBITRATION: Any controversy or dispute
arising out of or relating to the Venture
or the breach or alleged breach of any provision of this Agreement shall be settled by arbitration at
County, Florida, in accordance with the
rules of the American Arbitration Association and judgment upon the
award rendered by the arbitrator may he entered in any court having
jurisdiction thereof. The prevailing party
in any such arbitration shall be entitled to recover from the other party reasonable attorney fees and costs
incurred in connection therewith. The determination of the arbitrator in
such proceeding shall be final, binding and non-appealable. Nothing contained
in this clause shall preclude any party from seeking and obtaining any
injunctive or other provisional remedy available in a court of law.

18.
GOVERNING LAW: This
Agreement shall be construed, interpreted and enforced in accordance
with the laws of the State of Florida applicable to agreements executed and to
be wholly performed within such state.

20.
ILLEGALITY: Nothing
contained in this Agreement shall be construed so as to require the
commission of any act or the payment of any compensation that is contrary to law or to require the violation of any
guild or union agreement applicable hereto that may, from time to time,
be in effect and by its terms controlling of
this Agreement. If there is any conflict between any provision of this Agreement and any applicable law and the
latter shall prevail, then the provision or provisions of this Agreement
affected shall he modified to the extent (but only to the extent) necessary to
remove such conflict and permit such compliance with the law.

21.
NO
WAIVER: No
waiver by any party hereof of any failure by any other party to keep or perform any covenant or condition
hereof shall be deemed a waiver of any
preceding or succeeding breach of the same or any other covenant or condition.

19.
AMENDMENT: This
Agreement may not be amended or changed except by a written instrument
duly executed by each of the Partners.

24. ADDITIONAI,
DOCUMENTS: Each
Partner shall execute and deliver any and all additional papers, documents, and
other instruments and shall do any and all further acts and things reasonably
necessary in connection with the performance of his or its obligations
hereunder to carry out the intent of the Venture.

24.    IKKITMENTATION: Any and all consents and
agreements provided for or permitted by
this Agreement shall be in writing and a signed copy thereof shall be filed
and kept with the books of the Venture.  

26, ENTIRE
AGREEMENT: This
Agreement contains the sole and only agreement of the Partners relating to the Venture and correctly sets forth the
rights, duties and obligations of
each to the other as of its date. Any prior agreements. promises, amendments,
negotiations or representations not expressly set forth in this Agreement are
of no force and effect.

27. RESTRICTIONS: No Partner shall sell, assign, mortgage,
hypothecate or encumber his
interest, or portion thereof, in the Venture without the prior written consent
of the other Partner.

IN
WITNESS WHEREOF, this
Agreement is executed as of the date and year first above written.

	
 

	
 

	
ATTEST:

	
MILLENNIUM GROUP
  WORLDWIDE, INC.

	
 

	
 

	
 

	
 /s/ Julius Jackson 

	
 

	

	
 

	
     Julius
  Jackson, President 

	
 

	
 

	
ATTEST:

	
FRANKLIN AUTO MALL INC.

	
 

	
 

	
 

	
 /s/ James Hayden 

	
 

	

	
 

	
James
  J. Hayden Jr., President

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