Document:

Hubilu
Venture Corporation

9777
Wilshire Blvd., Ste 804 

Beverly
Hills, CA 90212 

310-308-7887

www.hubilu.com

 

Real
Estate Consulting Agreement

 

This
Agreement, entered into on June 30, 2015, is by and between 112 South Eucalyptus Avenue, LLC, a Wyoming Limited Liability Company
(“Company”), owner of 112 S. Eucalyptus Ave, Inglewood, CA 90301 and Hubilu Venture Corporation (“Consultant”).
In this Agreement, the parties who are contracting to receive services shall be referred to as the “Company” and the
party who will be providing the services shall be referred to as the “Consultant”. The Company desires to have services
provided by the Consultant. Therefore, the parties agree as follows:

 

1.
DESCRIPTION OF SERVICES. Commencing on June 30, 2015, the Consultant will provide the following services (collectively, the “Services”):

 

		A.	Analysis
                                         of potential sale value of Company’s property based on seller carry or AITD sale;
	 	 	 
		B.	Exposure
                                         of property to Hubilu’s relationships with potential buyers;
	 	 	 
		C.	Developing
                                         a marketing approach, including real estate broker leads and interviewing prospective
                                         real estate brokers and,
	 	 	 
		D.	Developing
                                         new property leads for Company to purchase.

 

2.
PERFORMANCE OF SERVICES. The manner in which the Services are to be performed and the specific hours to be worked by the Consultant
shall be determined by the Consultant. The Company will rely on the Consultant to work as many hours as may be reasonably necessary
to fulfill the Consultant’s obligations under this Agreement.

 

3.
PAYMENT. The Company will pay Consultant an amount of $1,000 as an initial deposit towards future fees, and will pay Consultant
fees as follows:

 

	 	a)	Analysis of potential
    sale value of Company’s property based on seller carry or AITD sale -$2,500
	 	 	 
	 	b)	Hubilu’s relationships
    with Potential Buyers. Consultant will receive a fee of $5,000 to introduce the Company to a buyer who buys the property.
	 	 	 
	 	c)	Real Estate Broker
    Leads. When the Consultant introduces a real estate broker to the Company who then engages with and sells the property for
    the Company, the Company agrees to pay the Consultant $5,000.
	 	 	 
	 	d)	New Property Leads
    for Purchase - When the Consultant introduces a property to the Company where there is no real estate broker already listing
    the property for sale, and the Company then purchases the property, the Company will pay the Consultant $50,000 for the introduction.

 

The
Consultant understands and agrees that fees generated from an introduction leading to a purchase or sale or real estate property
will be paid to Consultant at the time of closing on the said property.

 

4.
TERM/TERMINATION. This agreement shall be for a period of 2 years. Upon termination of this Agreement, Consultant shall be entitled
to payments for periods or partial periods that occurred prior to the date of termination and for which the Consultant has not
yet been paid.

 

5.
RELATIONSHIP OF PARTIES. It is understood by the parties that the Consultant is an independent contractor and not an employee
of the Company. The Company’s business shall not provide fringe benefits, including health insurance benefits, paid vacation,
or any other employee benefit, for the benefit of the Consultant under this Agreement.

 

    	Page│1

     

    

  

6.
EMPLOYEES. The Consultant’s employees, if any, who perform services for the Company under this Agreement shall also be bound
by the provisions of this Agreement. At the request of the Company, the Consultant shall provide adequate evidence that such persons
are the Consultant’s employees.

 

7.
CONFIDENTIALITY. The Company recognizes that the Consultant will need access to the following information: rent roll - expenses
- tax returns. These and other proprietary information (collectively, “Information”) are valuable, special and unique
assets of the Company and need to be protected from improper disclosure. In consideration for the disclosure of the Information,
the Consultant agrees that the Consultant will not at any time or in any manner, either directly or indirectly, use any Information
for the Consultant’s own benefit, or divulge, disclose, or communicate in any manner any Information to any third party
without the prior consent of the Company. The Consultant will protect the Information and treat it as strictly confidential. A
violation of this paragraph shall be a material violation of this Agreement.

 

8.
UNAUTHORIZED DISCLOSURE OF INFORMATION. If it appears that the Consultant has disclosed (or has threatened to disclose) Information
in violation of this Agreement, the Company shall be entitled to an injunction to restrain the Consultant from disclosing, in
whole or in part, such Information, or from providing any services to any party to whom such Information has been disclosed or
may be disclosed, notwithstanding that this Agreement is not exclusive to the Company, and the Consultant shall be allowed to
use such confidential information under identical agreement with any other third party who may be interested in purchasing the
Company’s Property up to and until the time the Company have entered into their agreement(s) to consummate a financial transaction.

 

9.
CONFIDENTIALITY AFTER TERMINATION. The confidentiality provisions of this Agreement shall remain in full force and effect after
the termination of this Agreement.

 

10.
NOTICES. All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered
in person, deposited in the United States mail, or via email.

 

11.
ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties and there are no other promises or conditions in
any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.
This Agreement may be modified or amended if the amendment is made in writing and is signed by all parties.

 

12.
SEVERABILITY. If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions
shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable,
but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written,
construed, and enforced as so limited.

 

13.
WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as
a waiver or limitation of that party’s right to subsequently enforce and compel strict compliance with every provision of
this Agreement.

 

14.
APPLICABLE LAW. This Agreement shall be governed by the laws of the State of California.

 

	112 South Eucalyptus Avenue, LLC	 
	 	 	 	 	 
	By:	/s/
    Esteban Coaloa	 	6-30-2015	 
		Esteban
    Coaloa, Manager	 	Dated:	 

 

	Hubilu Venture Corporation	 
	 	 	 	 	 
	By:	/s/
    David Behrend	 	6-30-2015	 
		David
    Behrend, President	 	Dated:	 

 

    	Page│2Exhibit

EXHIBIT 10.1

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT (this “Amendment”) to the Employment Agreement (the “Employment Agreement”), dated as of March 6, 2012, as amended as of April 24, 2012, by and between John M. Sherwood (the “Executive”) and NMI Holdings, Inc. (the “Company”), a Delaware Corporation, is made and entered into as of October 1, 2015, by and between the Executive and the Company and is effective as of the date hereof.  All capitalized terms used but not defined herein shall have the meaning assigned to them in the Employment Agreement.
WHEREAS, the Executive and the Company desire to amend the Employment Agreement as set forth below.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, and for other good and valuable consideration, the Executive and the Company hereby agree as follows:
		
	1.
	Position and Duties.  Section 3(a) of the Employment Agreement is deleted in its entirety and replaced with the following: 

“(a)    During the Employment Period, the Executive shall (i) serve as the Vice Chairman - Strategy and Capital Markets of the Company, and in order to fulfill the duties and responsibilities of such role, the Executive will assist the Company in its capital raising initiatives and other strategic initiatives as determined and directed by the Board (as defined below) or the Chief Executive Officer of the Company (the “CEO”), (ii) report directly to the CEO, and (iii) perform  his duties at the location or locations authorized or directed by the CEO, subject to the Executive’s performance of duties at, and travel to, such other offices of the Company and subsidiaries and controlled affiliates (the “Affiliated Entities”) and/or other locations as shall be necessary to fulfill his duties.”
		
	2.
	Good Reason.  Section 5(c)(ii) of the Employment Agreement is amended such that the phrase “the Executive’s position as Executive Vice President and Chief Financial Officer” is deleted in its entirety and replaced with the following:

 “the Executive’s position as set forth in Section 3 of this Agreement.”
		
	3.
	Good Reason Waiver.  The Executive and the Company agree that the changes to the Executive’s position and duties set forth in this Amendment do not constitute grounds for the Executive to terminate his employment for Good Reason under Section 5(c)(ii) of the Employment Agreement, as in effect immediately prior to this Amendment, or Section 5(c)(iv) of the Employment Agreement.

		
	4.
	Effect on the Employment Agreement.  This Amendment shall be deemed incorporated into the Employment Agreement and shall be construed and interpreted as though fully set forth therein.  Except as amended and modified herein, the Employment Agreement remains in full force and effect.

[Signature Page Follows]

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EXHIBIT 10.1

IN WITNESS THEREOF, the Executive has hereunto set his hand, and the Company has caused these presents to be executed in its name and on its behalf, all as of the day and year first written above.
NMI HOLDINGS, INC.
By:   /s/ Bradley M. Shuster
Name:  Bradley M. Shuster
Title: Chief Executive Officer

JOHN M. SHERWOOD
By:  /s/ John M. Sherwood

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