Document:

ex10_1.htm

Exhibit 10.1

 

September 18, 2009

 

John Sprovieri

Auscrete Corporation

PO Box 847

Rufus, OR 97050

 

Dear John,

 

I am responding to your request to provide a letter of intent to proceed with the construction of in excess of 100 affordable houses on our development property, Gorge Vista, in the heights behind Rufus.

 

As you know, the population of the Sherman County area is expected to increase dramatically in the coming years, and the need for affordable housing is expected to increase right along with that. Furthermore, there is demand for second homes in the Gorge, and the affordability of Auscrete homes will put the dream of a second home within reach for many that may not otherwise be able to afford one. I feel strongly that Auscrete homes are the perfect solution for these needs, and will provide us with an opportunity to develop a very unique look and feel for our development.

 

The vision for our development is to have an attractive layout with open spaces, common areas, trails, and a variety of recreational amenities. As the climate is relatively dry in Rufus, we are planning to project a theme that could be described as "Southwestern" in nature. Your aerated concrete house construction fits perfectly with this need, and will allow us to cultivate an overall feel that is both well-suited to the area and completely new to the area. There are no other developments in the Gorge that have this motif, which creates an opportunity for us to do something that is completely unprecedented.

 

I have enclosed two draft site plans that we are currently contemplating for the site. We expect to have a final design for Phase 1 developed by January next year, and we expect to be in a position to break ground early next year and begin construction of houses shortly thereafer. At completion, Gorge Vista will likely have over 300 houses. We look forward to working with Auscrete to achieve this long-term goal.

 

Sincerely,

 

John Schmidt

Principal

Gorge Vista LLC - PO Box 1934 Sandy, OR 97055 - gorgevista@gmail.com - 503-704-9745ex10_2.htm

Exhibit 10.2

 

	Auscrete Corporation 	09-13-2009

PO Box 847

Rufus OR. 97050

Dear Sirs,

This letter should serve to confirm my wish to purchase up to thirty homes from Auscrete Corporation in the next 3 years. My land, sitting on an elevated portion of the City of Rufus, is well suited for expansion of the community being drawn to the area by the enormous wind farm activity, wineries and world class fishing. This area is perfect for retiring boomers, windsurfers, kiters and fishing enthusiasts, etc.

 

The affordability and attractiveness of the Auscrete product, as well as the proximity of the manufacturing facility, affords the company great competitive and design advantage in supplying me with these homes right in the middle of this burgeoning growth area.

 

Located 90 miles east of the city of Portland, Or. the city of Rufus, Or. is a very scenic drive along Hwy. 84 which parallels the Columbia River the entire way. It provides an easy getaway for weekenders. As more and more people leave the cities in search of simpler lives Rufus will be the perfect place to be.

I also foresee a considerable draw for our development stemming from the "bedroom community" aspect of the nearby city of The Dalles, where Google, among others, has chosen to locate their new facility.

 

As more and more businesses expand to the city of The Dalles, a mere 25 miles away on 1-84, the attractiveness of the small city of Rufus, with its vast natural surroundings, vistas, vineyards, outdoor activities and, now, fresh, new, eco-friendly communities comprised of attractive "green" homes from Auscrete will only become more appealing to families and commuters wishing to have the best of both worlds. Shopping and doing business in The Dalles while living in the cleaner, newer communities being developed in the City of Rufus will be a natural fit.

I look forward to working with Auscrete in the development of my project with Auscrete's homes providing the cornerstone to make it all possible.

Take care,

Michael Nilsonex10_1.htm

  
Exhibit 10.1

 

CONSULTING AGREEMENT

 

 

	FROM: 	National Patent Development Corporation
	 	 
	TO: 	Michael Lacovara
	 	 
	DATE: 	March 1, 2010
	 	 
	RE:	Contractor Retention Terms

 

These Contractor Retention Terms (this “Agreement”) set forth the understanding between you ("you" or “your”) and National Patent Development Corporation (the “Company”) concerning the terms of your retention by the Company as a consultant.

 

You have expertise in management consulting and acquisition matters that is useful to the Company ("Services").  The Company desires to retain you to provide Services to the Company and you have expressed a willingness to provide  Services for the benefit of the Company, on the basis described in this Agreement.

 

	
1.

	
GENERAL TERMS

 

	
  

	
a.

	
Term.  Commencing as of March 1, 2010 and expiring on June 30, 2010, unless earlier terminated as hereafter provided, you are hereby retained as a consultant to provide Services to the Company. (Such period during which Services are provided hereunder is the “Term.”)

 

	
  

	
b.

	
Consulting Fee.  You will receive a consulting fee of $35,000 per month, payable in arrears in two equal installments on the 15th and 30th day of each month during the Term, and as provided in Section 2(e)(i) below will be reimbursed for reasonable business expenses incurred on Company business upon the submission of appropriate documentation.

 

	
  

	
c.

	
Scope of Services.  In providing the Services, you shall source, review, and negotiate the terms  of potential strategic investments and/or acquisitions by the Company, including matters related to due diligence, financing and recommendation on the engagement of other consultants (if required).  You also will provide Services related to the process and activities of the Company in capital raises and other financings undertaken by the Company..

 

	
  

	
d.

	
Periodic Reports.  You shall submit a report not less frequently than monthly, and at the end of the Term providing a summary in reasonable detail of your activities during the prior month.

 

  

  

  

 

	
2.

	
INDEPENDENT CONTRACTOR STATUS

 

	
  

	
a.

	
You shall at all times be an independent contractor and not an employee or agent of the Company.

 

	
  

	
b.

	
You shall be wholly responsible for the payment of all federal, state and local income, Social Security, self-employment, sales and other taxes with respect to your services and compensation therefore, and those of any individuals you may employ.

 

	
  

	
c.

	
Nothing in this Agreement is intended or shall be deemed to constitute a partnership, agency, employer-employee, or a joint venture relationship between you and the Company.

 

	
  

	
d.

	
Neither party shall incur any liabilities or any obligation of any kind (express or implied) for the other, except to the extent, if at all, specifically provided herein.

 

	
  

	
e.

	
Because you are an independent contractor and not an employee of the Company, the following provisions shall apply to the parties’ relationship:

 

	
  

	
i.

	
Your Expenses.  The Company shall reimburse you only for reasonable out-of-pocket expenses, other than legal expenses, directly related to your Services hereunder and that would not otherwise be incurred by you if this Agreement did not exist.  Expenses that will be reimbursed by the Company include reasonable expenses relating to your traveling, lodging, meals, postage and other expenses relating to your providing Services to the Company and upon submission of appropriate documentation.  The Company shall not reimburse you for the cost of any subcontractors or employees you may retain to assist you in providing Services hereunder unless approved in advance in writing by the Company.

 

	
  

	
ii.

	
Company Expenses.  You shall not be required to incur any expenses for the Company under this Agreement.

 

	
  

	
iii.

	
Facilities.  The Company shall not be required to provide any facilities, furniture, or equipment to you; provided that, when you are providing Services hereunder at the offices of the Company in New York, the Company shall make an office available to you and shall provide on-premises storage for your materials and work product.

 

	
  

	
iv.

	
Hours.  You shall not be required to work any specified hours, or specified days, as long as you fulfill your  obligations hereunder, which are expected to take most of your working time during the Term.

 

  

-2-

  

 

	
  

	
v.

	
No Right to Retirement Benefits.  You are not entitled to participate in any profit sharing, pension, retirement plan, vacation pay, sick pay, insurance coverage, disability benefits, or any other benefits of the kind and nature provided to the Company’s employees.

 

	
  

	
vi.

	
Non-Exclusivity.  During the Term, you may provide services to others while engaged by the Company; provided that you identify in writing to the Company  each such engagement at the time it is commenced and at the time it is concluded, excluding for this purpose any engagements you commenced prior to March 1, 2010.

 

	
3.

	
CONSULTANT’S CONDUCT

 

	
  

	
a.

	
In providing Services, you will cooperate with the Company’s personnel and use your best efforts on the Company’s behalf.

 

	
  

	
b.

	
You agree that your Services will be performed in a professional and workman-like manner and will be of professional quality conforming to generally accepted practices.

 

	
  

	
c.

	
You will comply with all applicable laws and regulations in the performance of your Services.

 

	
  

	
d.

	
You shall observe the Company’s rules and regulations with respect to conduct, safety and protection of persons and property while on the Company’s premises.

 

	
4.

	
POST-CONSULTING EMPLOYMENT.

 

You and the Company contemplate that no later than the earlier of (a) the signing of the first substantial investment or acquisition by the Company, or (b) the commencement of the first capital raise, you and the Company will negotiate in good faith to reach agreement on a long-term employment agreement, but neither you nor the Company is obligated to enter into any such an agreement.

 

	
5.

	
MISCELLANEOUS

 

	
  

	
a.

	
Either party may terminate this Agreement at any time during the Term upon thirty (30) days prior written notice to the other party, except that the Term shall end automatically without notice upon the effective date of any agreement entered into as provided for in Section 4.

 

	
  

	
b.

	
This Agreement shall be governed and construed in accordance with the laws of the State of New York and not be amended except in writing signed by both parties.

 

  

-3-

  

 

	
  

	
c.

	
This Agreement represents the entire understanding of the parties on the subject matter hereof and supersedes any and all prior agreements or understandings, and only may be amended by a writing subscribed to by both parties.

 

	 	ACCEPTED AND AGREED:
	 	 
	 	NATIONAL PATENT DEVELOPMENT CORPORATION
	 	 
	 	By: 	 	/s/ Harvey P. Eisen	 
	 	 	Harvey P. Eisen
	 	 	Chairman and Chief Executive Officer
	 	 	 
	 	 	 
	 	 	 	 /s/ Michael Lacovara	 
	 	 	Michael Lacovara
	 	 	 
	 	 	 
	 	March 1, 2010

 

 

-4-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}]]