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EXHIBIT 10.1

2006 RENEWAL AGREEMENT

THIS 2006 RENEWAL AGREEMENT, dated as of May 1, 2006 (this “Agreement”), between CNL RETIREMENT PROPERTIES, INC., a corporation organized under the laws of the State of Maryland (the “Company”), and CNL RETIREMENT CORP., a corporation organized under the laws of the State of Florida (the “Advisor”) (each of the Company and the Advisor sometimes hereinafter referred to as a “Party”, and collectively, as the “Parties”).

W I T N E S S E T H

WHEREAS, the Parties entered into that certain Advisory Agreement, dated as of May 14, 2004 (the “Advisory Agreement”); capitalized terms used herein and not otherwise defined herein shall have their respective meanings set forth in the Advisory Agreement;

WHEREAS, the Parties entered into that certain Renewal Agreement, dated as of May 2, 2005 (the “2005 Renewal Agreement”), which was amended by that certain First Amendment to Renewal Agreement, dated as of July 13, 2005 (the “2005 First Amendment,” together with the 2005 Renewal Agreement, the “2005 Renewal Agreements”) which provided for the renewal of the Advisory Agreement and the implementation of certain changes as described in the 2005 First Amendment;

WHEREAS, the Advisory Agreement, as so amended continues in force until May 3, 2006, subject to unlimited successive renewals upon mutual consent of the Parties;

WHEREAS, all of the Directors of the Company have evaluated the performance of the Advisor during the past year of the term; and

WHEREAS, the Parties desire to renew the Advisory Agreement as amended by the 2005 Renewal Agreements for an additional one-year term upon the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the Parties agree as follows:

1.

Renewal.  The Advisory Agreement as amended by the 2005 Renewal Agreements is renewed for an additional one-year term commencing on May 3, 2006, and terminating at 12:00 a.m. midnight (Eastern Time) on May 3, 2007 (unless sooner terminated by either or both Parties in accordance with the terms of the Advisory Agreement). 

2.

Effect on the Advisory Agreement.  Except as specifically amended herein, the Advisory Agreement as amended by the 2005 Renewal Agreements shall remain in full force and effect.

3.

Severability.  The provisions of this Agreement are independent of and severable from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part.

1

4.

Construction.  The provisions of this Agreement shall be interpreted, construed and enforced in all respects in accordance with the laws of the State of Florida applicable to contracts to be made and performed entirely in said state.

5.

Entire Agreement.  This Agreement, together with the Advisory Agreement and the 2005 Renewal Agreements, contain the entire agreement and understanding among the Parties with respect to the subject matter hereof and thereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject matter hereof and thereof.  The express terms hereof and thereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof or thereof.  This Agreement may not be modified or amended other than by an agreement in writing.

6.

Titles Not to Affect Interpretation.  The titles of paragraphs and subparagraphs contained in this Agreement are for convenience only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof.

7.

Execution in Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument.  This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories.

[Signature page follows]

2

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

CNL RETIREMENT PROPERTIES, INC.

By:

/s/ Stuart J. Beebe                               

Name:

Stuart J. Beebe                                    

Its:

Chief Executive Officer and President

CNL RETIREMENT CORP.

By:

/s/ James M. Seneff                            

Name:

James M. Seneff, Jr.                           

Its:

Chairman                                            

3Filed by Automated Filing Services Inc. (604) 609-0244 - Moventis Capital, Inc. - Exhibit 10.1

 

FOR IMMEDIATE RELEASE

MOVENTIS CAPITAL ACQUIRES PROFITABLE ELECTRONICS

  MANUFACTURING SERVICES COMPANY

  

  PTL ELectronics, with over $10 million in revenues, is first acquisition for
  Moventis

Vancouver, BC – May 11, 2006 – Moventis Capital,
  Inc. (OTCBB: MVTS) announces the signing of a definitive purchase agreement
  to acquire PTL Electronics, Inc. (PTL), a profitable Pacific Northwest electronics
  manufacturing services (EMS) company with revenues of more than $10 million
  and EBITDA of $1.5 million for the year ended March 31, 2006. All dollar figures
  referenced in this release are in Canadian funds.

Operating within the $114 billion global EMS market, PTL specializes
  in the production, assembly and test of complex and high-end electronic components.
  Original equipment manufacturers (OEMs) who build products for some of the world’s
  largest and fastest growing industries, including telecommunications, medical
  services, alternative fuel, multimedia and automotive, turn to PTL for their
  EMS needs. Today, PTL’s electronic components can be found in sophisticated
  products ranging from ultrasound machines and auxiliary power units to fleet
  management systems and Global Positioning System applications.

“PTL is an established company with a strong reputation
  and loyal customer base serving some of the most dynamic industries,”
  explains Blake Ponuick, chairman and CEO of Moventis. “With limited resources,
  PTL has already done a great job in achieving growth and profitability. They’re
  well positioned to grow even further with the capital and operational expertise
  Moventis can provide.”

Adds Ponuick, “With strong ties and plans to expand operations
  to China in the near term, we believe PTL is strategically positioned to move
  past their current growth stage and participate in the burgeoning EMS sector
  internationally. We look forward to working closely with their experienced team
  to help develop the company both internally and through complementary acquisitions.”

“At PTL, we’re thrilled we can now access the capital
  and expertise to grow into the world class manufacturing company we know we
  can be,” states Paul Heathcote, chief operating officer at PTL. “The
  Moventis team has a strong track record of building businesses and we look forward
  to a new phase of growth and expansion for PTL as a Moventis company.”

Under the terms of the definitive agreement, Moventis will purchase
  PTL for a sum of $7 million for all outstanding shares of PTL. The purchase
  price consists of $3.5 million in cash and $3.5 million in convertible debt
  and equity. At closing, Moventis will pay $3 million in cash, the equivalent
  of $1.2 million in common shares and a convertible debenture in the amount of
  $2.3 million that may be converted into shares at the option of Moventis. A
  final cash payment in the amount of $500,000 is payable within 12 months after
  closing. The transaction is subject to financing and customary closing conditions.

www.moventiscapital.com

The first acquisition for Moventis, PTL will act as an anchor
  company within the growing EMS sector. This is in line with Moventis’
  strategy to acquire successful small-to-mid-sized companies and build strong
  portfolios within key growth industries. This strategy is fueled by the emerging
  opportunity presented as baby boomers retire and are faced with a shortage of
  qualified buyers to purchase the record number of successful smaller businesses
  they established over the last 30 years.

PTL revenue and earnings figures are subject to the completion
  of audited financials.

About Moventis

  Moventis Capital (Moventis) is an acquisition and growth management company
  trading on the OTCBB exchange under the symbol MVTS. Moventis identifies and
  acquires successful small-to-mid-sized companies and uses a proven business
  formula to provide the missing management expertise and financial ingredients
  they need to grow into industry leaders. Moventis capitalizes on an underserved
  market of smaller companies that do not meet the size or industry requirements
  of many acquisition or investment firms. A record number of these businesses
  is expected to exit over the next several years as baby boomer owners retire,
  far outpacing the number of qualified buyers and creating a significant and
  ongoing opportunity.

About PTL Electronics

  PTL Electronics (PTL) brings products to life with its comprehensive electronics
  manufacturing services. With customers across the growing telecommunications,
  industrial control, medical, computing, multi-media and automotive sectors,
  PTL partners with original equipment manufacturers to help build the products
  that will transform their businesses – one circuit at a time. Whether
  it’s better managing supply chains, getting products to market faster
  or reducing costs, PTL offers fl exible and customized solutions to meet each
  customer’s unique needs. PTL is located in the Pacific Northwest near
  Vancouver, BC. For more information visit www.ptlelectronics.com

Safe Harbor Statement:

  Statements included in this news release, which are not historical in nature,
  are intended to be, and are hereby identified as “Forward-Looking Statements”
  for purposes of safe harbor provided by Section 21E of the Securities Exchange
  Act of 1934, as amended. Forward-Looking Statements may be identified by words
  including “anticipate,” “await,” envision,” “foresee,”
  “aim at,” “plans,” “believe,” “intends,”
  “estimates” “expects” and “projects” including
  without limitation, those relating to the company’s future business prospects,
  and are subject to certain and uncertainties that could cause actual results
  to differ materially from those indicated in the Forward-Looking Statements,
  including without limitation Moventis’ ability to consummate acquisitions,
  obtain necessary financing and successfully grow its operations, revenue and
  profitability. Readers are directed to the Moventis’ filings with the
  U.S. Securities and Exchange Commission for additional information and a presentation
  of risks and uncertainties that may affect the company’s business and
  results of operations. www.sec.gov.

Contact:
Blake Ponuick, CEO 
604f484f1854

blakep@moventiscapital.com

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