Document:

SEPARATION
      AGREEMENT

    

    THIS
      SEPARATION AGREEMENT between YP Corp., a Nevada corporation (the "Company")
      and
      Peter J. Bergmann ("Bergmann"),
      is
      entered into and effective November 3, 2005 (the "Effective Date").

    

    Background

    

    Bergmann
      and the Company previously entered into an Employment Agreement, dated June
      6,
      2004 ("Employment
      Agreement")
      that
      specifies the terms and conditions of Bergmann's service as Chairman, President
      and Chief Executive Officer of the Company and Bergmann's compensation and
      benefits.

    

    Company
      previously granted or issued Bergmann an aggregate of 1 ,350,000 shares of
      the
      Company's common stock, $.001 par value per share ("Common
      Stock"),
      in
      consideration of Bergmann's service as an officer and director of the Company
      (the "Original
      Stock").
      50,000, shares of the Original Stock were granted to Bergmann in 2002 and are
      fully vested ("2002
      Shares");
      1,000,000 shares of the Original Stock ("2004
      Shares'')
      were
      granted to Bergmann pursuant to a Restricted Stock Agreement dated as of June
      6,
      2004 ("Restricted
      Stock Agreement");
      and
      100,000 shares of the Original Stock were granted to Bergmann in April 2005
      ("2005
      Shares")
      and
      were subject to contractual transfer restrictions similar to the 2004
      Shares.

    

    In
      consideration of the payments and covenants set forth in this Agreement, the
      Company and Bergmann desire to enter into this Agreement to provide for their
      mutual separation and settlement.

    

    Agreement

    

    NOW
      THEREFORE IT IS MUTUALLY AGREED AS FOLLOWS;

    

    
      	 	
              1.

            	
              Resignation
                and Termination: Waivers.

            

    

    

    a.     Resignation
      and Termination.
      Bergmann has resigned as Chairman and President of the Company and from any
      and
      all positions that he may be deemed to have held with any of the Company's
      subsidiaries. The Employment Agreement has been terminated and superseded by
      this Agreement and, therefore, is no longer in force or effect. Bergmann will
      continue to serve as a director until the Company's next annual shareholder's
      meeting and will also continue to serve as Chief Executive Officer in accordance
      with and subject to the restrictions and until the date set forth in and
Section
      5(f).

    

    b.    Waiver
      of Severance.
      Bergmann waives for himself and any of his affiliates, representatives,
      creditors or family members any right to severance benefits under the Employment
      Agreement in connection with the termination of the Employment Agreement and/or
      resignation of any positions held with the Company or its
      subsidiaries.

    

    c.     Waiver
      of Reinstatement.
      Company
      is under no obligation to reinstate, renegotiate or re-execute the Employment
      Agreement or the terms thereof or reinstate or employ Bergmann. Bergmann waives
      any rights to recall or reinstatement of any past or future wages, bonuses,
      or
      compensation not specifically provided in this Agreement

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
      	 	
              2.

            	
              Separation
                Payment; Health Insurance Coverage; Assumption of Lease.

            

    

    

    a.     Payments.
      In
      complete and full satisfaction and in lieu of all claims for compensation,
      benefits, severance or related payments from Company or any and all of its
      affiliates, subsidiaries, corporate parents, agents, officers, shareholders,
      employees, attorneys, successors, and assigns (collectively "Released
      Parties"),
      and
      as compensation for the covenants and services specified in this Agreement,
      Company will (i) continue to pay Bergmann the monthly salary he was receiving
      immediately prior to this Agreement through the last day of the Retention Period
      (as defined in Section 5(f)) ("Continuing
      Payments")
      and
      (ii) pay to Bergmann the equivalent of 18 months of his current salary in one
      payment of $337,500 (the "Separation
      Payment")
      on or
      before January 2, 2006. All applicable withholdings, including taxes, shall
      be
      deducted from the Continuing Payments and Separation Payment

    

    b.     Health
      Insurance Coverage.
      The
      Company will pay Bergmann's COBRA health payment ("Insurance
      Coverage")
      for
      the shorter of (i) 12 months following the Effective Date or (ii) until Bergmann
      is eligible for health coverage under another employer. Upon being eligible
      for
      alternative health care coverage, Bergmann will submit to the Company a written
      confirmation of his eligibility for health coverage from an alternative employer
      or source.

    

    c.     Satisfaction
      of All Obligations.
      The
      Continuing Payments, Separation Payment and Insurance Coverage, together with
      payment of his accrued but unused vacation pay and payment of as yet
      unreimbursed business expenses ("Total
      Compensation"),
      will
      comprise the aggregate and final amount owed to Bergmann and all of his
      affiliates, representatives, creditors and family members. As of the Effective
      Date, no additional compensation, consideration, payments or benefits
      (including, without limitation, health or dental benefits, vacation, sick leave,
      insurance or any related or similar benefits) are or will be owed to Bergmann
      or
      any of his affiliates, representatives, creditors or family members.
      Notwithstanding the foregoing, the Company may at any time during the Payment
      Period (as defined in Section
      5(f)
      below)
      request that Bergmann re-execute this Agreement and reaffirm the perpetuity
      of
      the Release set forth in Section
      4(a)
      and,
      furthermore, the Company may condition any unpaid component of the Total
      Compensation upon Bergmann's compliance with such request, provided the Company
      is not itself in default or is engaged in any conduct after the date above
      that
      gives rise to any claim by Bergmann. Bergmann's failure to comply with a
      re-execution request will permit the Company to withhold any scheduled component
      of the Total Compensation without penalty, default or interest until such
      request is complied with.

    

    
      	 	
              3.

            	
              Forfeiture
                of Restricted Stock and Termination of Restricted Stock
                Agreement.

            

    

    

    a.     Forfeiture
      and Termination.
      Bergmann hereby forfeits to the Company, without any additional consideration,
      compensation or payment, alt shares of Original Stock beneficially owned by
      Bergmann or any affiliated party ("Forfeited
      Shares"),
      except for all of the 2002 Shares, 600,000 shares of the 2004 Shares and all
      of
      the 2005 Shares (collectively, the "Retained
      Shares").
      The
      Restricted Stock Agreement and any written Agreement associated with the
      Retained Shares are hereby terminated and superseded by this
      Agreement.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    b.     Continuing
      Limitation on Transfer.
      Bergmann agrees not to sell, transfer, pledge, exchange, hypothecate, or
      otherwise dispose of any Retained Shares (excluding the 2002 Shares)
      ("Transfer")
      before
      the date on which the restrictions on the Retained Shares (excluding the 2002
      Shares) lapse in accordance with the vesting schedule set forth in Section
      3(c)
      below.
      Any attempted disposition of the Retained Shares (excluding the 2002 Shares)
      in
      violation of the preceding sentence will be null and void, and the Company
      will
      not recognize or give effect to such transfer on its books and records or
      recognize the person or persons to who such proposed transfer has been made
      as
      the legal or beneficial owner of the Retained Shares. In the event that a
      Transfer is approved by the Company, Bergmann must, prior to consummating or
      affecting a Transfer, first obtain the written agreement of the transferee
      to be
      bound by the terms of this Agreement as if such transferee were deemed the
      original "grantee" of the Retained Shares.

    

    c.     Lapse
      of Restrictions.
      The
      restrictions on the Retained Shares (excluding the 2002 Shares) set forth in
      Section
      3(b)
      will
      lapse in accordance with the following schedule, subject to and as adjusted
      for,
      in the case of closing prices of the Company's common stock, stock splits,
      reverse stock splits, combinations, rectifications and the like;

     

    
      	
              Date
                Restriction Lapses*

              (earlier
                to occur of the following)

            	
              Percentage
                of Stock Becomes 

              Unrestricted*

            
	
              18
                Months from the Effective Date

            	
              100%

            
	
              Change
                of Control (as defined in the Company's 2003 Stock Plan)

            	
              100%

            
	
              Date
                that Company's common stock as listed on the Over-the-counter Bulletin
                Board, Nasdaq, the American Stock Exchange, The New York Stock Exchange,
                or a similar exchange or quotation system ("Exchange") reaches an
                average
                closing price of $4 for three consecutive trading days

            	
              20%

            
	
              Date
                that Company's common stock as listed on an Exchange reaches an average
                closing price of $5 for three consecutive trading days

            	
              40%

            
	
              Date
                that Company's common stock as listed on an Exchange reaches an average
                closing price of $6 for three consecutive trading days

            	
              60%

            
	
              Date
                that Company's common stock as listed on an Exchange reaches an average
                closing price of $7 for three consecutive trading days

            	
              80%

            
	
              Date
                that Company's common stock as listed on an Exchange reaches an average
                closing price of $8 for three consecutive trading days

            	
              100%

            

    

    *Notwithstanding
      the provisions above, in the event Bergmann materially breaches the provisions
      set forth in Section
      5(l)
      the
      Restricted Shares will no longer be eligible for vesting and Bergmann must
      return the Restricted Shares to the Company without payment or any amount due
      for such Restricted Shares.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	 	
              4.

            	
              Releases.

            

    

    

    a.     Bergmann
      Release.
      Bergmann agrees to release, discharge, cancel, waive and acquit, for Bergmann
      and his affiliates, including, without limitation, for Bergmann's marital
      community, heirs, executors, administrators, and assigns, the Released Parties
      from any and all rights, claims, demands, causes of action, obligations,
      damages, penalties, fees, costs, expenses, and liabilities of any nature
      whatsoever, whether in law or equity, that Bergmann or his affiliates currently
      have, have had or may hereafter have against the Company or the Released Parties
      arising out of, or by reason of any cause, matter, or thing whatsoever existing
      as of the date of execution of this Agreement, WHETHER KNOWN TO THE PARTIES
      AT
      THE TIME OF EXECUTION OF THIS AGREEMENT OR NOT, except for any claim that
      Bergmann may have under the Indemnification Agreement between the parties dated
      June 6, 2004 ("Indemnification
      Agreement"),
      which
      Indemnification Agreement shall survive the termination of this Agreement.
      THIS
      FULL RELEASE OF ALL CLAIMS includes, without limitation, any claims, demands,
      or
      causes of action arising out of or under, or relating in any manner whatsoever
      to the Employment Agreement and/or termination thereof or of any asserted
      employment of Bergmann with the Company, Title VII of the Civil Rights Act
      of
      1964 and the Civil Rights Act of 1991, as amended, the Fair Labor Standards
      Act,
      the Family Medical Leave Act, the Arizona Employment Protection Act, Arizona's
      Wage Payment statute, or any other applicable state or federal statute, or
      any
      common law cause of action, including claims for breach of any express or
      implied contract, wrongful discharge, tort, personal injury, or any claims
      for
      attorney's fees or other costs, as well as any claims that related to other
      agreements or arrangements, whether written or oral, between the Company and
      Bergmann, except for any claim that Bergmann may have under the Indemnification
      Agreement, nor caused to be instituted on his behalf or any of his affiliate's
      behalf, any legal proceeding, including filing any claims or complaint with
      any
      government agency alleging any violation of law or public policy against the
      Company or the Company's affiliates, attorneys or agents premised upon any
      legal
      theory or claim whatsoever, including without limitation, contract, tort,
      wrongful discharge, and breach of contract.

    

    b.     The
      Company Release.
      The
      Company and the Released Parties agree to release, discharge, cancel, waive
      and
      acquit Bergmann and his affiliates from any and all rights, claims, demands,
      causes of action, obligations, damages, penalties, fees, costs, expenses, and
      liabilities of any nature whatsoever, whether in law or equity, that the Company
      or the Released Parties currently have, have had or may hereafter have against
      Bergmann and his affiliates arising out of, or by reason of any cause, matter,
      or thing whatsoever existing as of the date of execution of this Agreement,
      WHETHER KNOWN TO THE PARTIES AT THE TIME OF EXECUTION OF THIS AGREEMENT OR
      NOT.
      THIS FULL RELEASE OF ALL CLAIMS includes, without limitation, attorney's fees,
      and any claims, demands, or causes of action arising out of, or relating in
      any
      manner whatsoever to, the Employment Agreement, as well as any claims that
      related to other agreements or arrangements, whether written or oral, between
      the Company and Bergmann, The Company further covenants and agrees that it
      has
      not instituted, or caused to be instituted on the Company's behalf, any legal
      proceeding, including filing any claims or complaint with any government agency
      alleging any violation of law or public policy against Bergmann and his
      affiliates premised upon any legal theory or claim whatsoever, including without
      limitation, contract, tort, wrongful discharge, and breach of
      contract.

    

    5.    Covenants.
      Bergmann agrees to comply with or satisfy each of the following covenants and
      obligations (the "Covenants").

    

    a.     Assumption
      of Automobile Lease and Home Lease.
      Bergmann assumes the lease of the BMW X5 currently acquired by the Company
      for
      Bergmann and is responsible for all payment and related obligations thereunder.
      If not already accomplished, Bergmann will also immediately notify the landlord
      of his current place of residence in writing (a copy of which will be provided
      to the Company) of his relocation and the Company's intent to terminate the
      lease.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    b.     Retention
      of Personal Effects.
      Bergmann will retain ownership over and be entitled to keep all of his personal
      effects, including without limitation, certain artwork and replacement
      computers.

    

    c.     No
      Re-election.
      Bergmann will not authorize, cause, or consent to his nomination or his name
      appearing on any ballot or proxy card of the Company with respect to his
      election or appointment as a director of the Company.

    

    d.     Certification
      and Signing of Annual Report.
      Provided that such certifications and Annual Report are complete and accurate,
      Bergmann will review, sign and provide all required certifications as the
      Principal Executive Officer to the Company's Annual Report on Form 10-K for
      the
      fiscal year ended September 30,2005 expected to be filed with the Securities
      and
      Exchange Commission in December 2005 (the "Annual
      Report Certification").
      Bergmann will have the opportunity to provide input on the Annual Report and
      make appropriate inquiries to ensure its completeness and accuracy.

    

    e.     Certification
      and Signing of Amended Annual Reports.
      Provided that such certifications and amendments are complete and accurate,
      Bergmann will review, sign and provide all required certifications as the
      Principal Executive Officer with respect to the amendments to the Company's
      six
      Annual Reports on Form 10-KSB for the fiscal years ended September 30, 1999
      through September 30, 2004 when prepared (the "Amendment
      Certifications").
      Bergmann will have the opportunity to provide input on the amendments and make
      appropriate inquiries to ensure their completeness and accuracy.

    

    f.     Transition.
      Consultation and Cooperation.
      From
      the Effective Date and until the later of the Annual Report Certification or
      the
      Amendments Certification (and all associated filings with the Securities and
      Exchange Commission related thereto), Bergmann will continue to serve as Chief
      Executive Officer of the Company (the "Retention
      Period").
      On
      the last day of the Retention Period and contemporaneous with the final
      associated filing with the Securities and Exchange Commission, Bergmann will
      no
      longer serve as Chief Executive Officer and will be deemed to have immediately
      resigned such position. Additionally, on the last day of the Retention Period,
      Bergmann will deliver to the Company a written resignation letter to mat effect.
      Notwithstanding (but in no way limiting) the foregoing, during the period from
      the Effective Date and ending January 2, 2006 (''Payment
      Period"),
      and
      without any additional consideration, compensation or payments, Bergmann will
      use reasonable efforts to comply with all reasonable requests made by Company
      to
      facilitate an orderly and successful transition of the duties and services
      previously fulfilled and provided by Bergmann. During the Payment Period, upon
      reasonable notice and subject to his prior professional commitments, Bergmann
      will make himself available telephonically and will cooperate with Company
      in
      good faith to meet the objectives of such inquiry or request ("Consultation
      Obligation"),
      Bergmann will use his reasonable efforts to ensure that any services provided
      to
      Company pursuant to this Agreement will be performed in a professional and
      workmanlike manner, in good faith and without a view toward or with an intention
      to impair or undermine the purposes of this Agreement. Bergmann acknowledge
      that, except as provided herein, he no longer has any authority to execute
      contracts, agreements, documents or instruments, or negotiate on behalf of
      Company or otherwise to bind Company, unless expressly authorized by Company's
      Board of Directors. Except as provided herein, for all purposes of this
      Agreement, between the end of the Retention Period and the end of the Payment
      Period, Bergmann will be and act as an independent contractor and not as
      partner, joint venturer, or agent, and will not bind nor attempt to bind the
      Company to any contract or obligation. As an independent contractor, Bergmann
      is
      solely responsible for all taxes, withholdings, and other statutory or
      contractual obligations of any sort except as provided herein.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    g.     Confidentiality
      and Non-Disclosure.
      Bergmann and Company recognizes and acknowledges that Company's trade secrets,
      proprietary information and know-how (including, without limitation, any
      information, materials, records, financial statements or books provided to
      or
      created by Bergmann during the term of the Employment Agreement), as they may
      exist from time to time ("Confidential
      Information"),
      to
      which he has had and may continue to have access to and knowledge of, are
      valuable, special and unique assets of Company's business. Neither Bergmann
      nor
      his affiliates will, during or after the term of this Agreement, in whole or
      in
      part, disclose such Confidential Information to any party for any reason or
      purpose whatsoever, nor will he or any of his affiliates make use of any such
      Confidential Information for their own purposes or for the benefit of any
      third-party under any circumstances during or after the term of this Agreement,
      provided that these restrictions will not apply to such Confidential Information
      which is in the public domain (provided that neither Bergmann nor his affiliates
      was responsible, directly or indirectly, for such dissemination into the public
      domain). Bergmann will use his best efforts to cause all persons or entities
      to
      which any Confidential Information will be disclosed by either of them hereunder
      to observe the terms and conditions set forth herein as though each such person
      or entity was bound hereby.

    

    h.     Return
      of Company Property and Information.
      Bergmann shall immediately deliver to the Company any Company records,
      documents, notes, manuals, lists, and other tangible items (whether in original
      or duplicate form) in Bergmann's possession or control. Bergmann represents
      and
      warrants that he has not taken nor retained any Company property.

    

    i.     Public
      or Private Statements.
      Bergmann and the Company will each refrain from making any public or private
      statements or comments, disparaging or otherwise, whether orally, in writing,
      or
      transmitted electronically (including e-mail or postings on Internet chat
      boards), concerning or in any way related to the other, its business, its
      prospects, its services, its current or former officers, directors or
      consultants, or the Internet or online Yellow Pages industry that may, directly
      or indirectly, have a material adverse effect upon the other's business,
      prospects or goodwill or its reputation or that of its employees, officers,
      or
      directors.

    

    j.     Communication
      with Certain Parties.
      Unless
      specifically authorized, Bergmann will refrain from communicating, either
      orally, in writing, or via electronic transmission, with any shareholder of
      Company (individual, institutional, or otherwise) or any parties with which
      the
      Company has a contractual or business relationship, including, without
      limitation, any employee, customer, or shareholder, with respect to matters
      concerning the Company's business, client base or prospects or about Bergmann's
      departure and separation from Company; provided, however, that he may, subject
      to the other provisions of this Agreement, and notice to the Company,
      communicate with executive officers, directors, employees, customers, vendors,
      partners and shareholders of the Company as necessary to reasonably and properly
      satisfy his obligations under this Agreement.

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    k.     Bad
      Faith Acts.
      Bergmann and Company will refrain from, directly or indirectly, engaging in
      any
      act or omission that is in bad faith and to the material detriment of the other
      patty or its business, prospects or goodwill.

    

    1.     Non-Competition.
      Neither
      Bergmann nor any of his affiliates will, directly or indirectly, either
      individually or hi connection with another entity or any third-party, compete
      with the Company or participate in the development of a product or the provision
      of services that reasonably could be deemed to be competitive with any of the
      Company's products, services, concepts or lines of business, for a period of
      18
      months from the Effective Date. The Company's business, products, services
      or
      lines of business are specifically defined as the creation and production of
      an
      online business directory similar to the printed Yellow Pages. This provision
      will only apply to entities that derive more than 10% of their revenues from
      competitive business activities. The amount allocated as compensation to this
      non-compete are of equal value over the life of the non-compete, notwithstanding
      any prepayments. If however, the Company pays for and obtains an outside
      valuation expert that opines for different valuations for the non-compete than
      the parties herein expressly agree to accept those valuations will
      control,

    

    
      	 	
              m.

            	
              Non-Solicitation

            

    

    

    (i)     Non-Solicitation
      of Customers.
      Neither
      Bergmann nor any of his affiliates, whether personally or as an agent, employee,
      consultant, or in any other capacity on behalf of any person or entity, will,
      for a period of 18 months form the Effective Date, directly or indirectly
      solicit, do business with, call upon, handle, deliver products or render
      services to any active or prospective Customer (as defined below) of the
      Company, for the purpose of soliciting or selling such Customer the same as,
      similar to, or related products or services that the Company provides, as
      defined above. For purposes of this paragraph, "Customer" shall mean the
      corporate customer itself, the representatives of the corporate customer, and
      any affiliated entity of the corporate customer.

    

    (ii)     Non-Solicitation
      of Employees and Independent Contractors.
      For a
      period of 18 months from the Effective Date, neither Bergmann nor any of his
      affiliates will, either alone or as an agent, employee, partner, representative,
      affiliate, or in any other capacity on behalf of any person or entity, directly
      or indirectly, go into business with or hire any Company employee or independent
      contractor that provided services to the Company or solicit, induce, or recruit
      any Company employee or independent contractor that provided services to the
      Company to end its relationship with Company for the purpose of having such
      Company employee or independent contractor engage in services that are the
      same
      as, similar to or related to the services that such Company employee or
      independent contractor provided for Company.

    

    n.     Reasonableness
      of Restrictions and Provision for Reduction.
      Bergmann expressly acknowledges and agrees that the time and scope limitations
      contained above in subparagraphs 1 and m of this Section
      5
      are
      entirely reasonable and are properly and necessarily required for the adequate
      protection of the business and intellectual property of Company. If a court
      of
      competent jurisdiction determines that 18 months is unreasonable or
      unenforceable, then the period will be 12 months. If a court of competent
      jurisdiction determines that 12 months is unreasonable or unenforceable, then
      the period will be 9 months. If a court of competent jurisdiction determines
      that 9 months is unreasonable or unenforceable, then the period will be 6
      months.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    o.     Further
      Assurances and Cooperation.
      Bergmann will use his reasonable efforts to cooperate with the Company and
      with
      Company's representatives, officers, directors and agents in connection with
      any
      steps required to be taken as part of their respective obligations under this
      Agreement, and will (a) upon request, furnish to Company such further
      information; (b) execute and deliver to Company such other documents; and (c)
      do
      such other acts and things, all as Company may reasonably request for the
      purpose of carrying out the intent of this Agreement, including, without
      limitation, the re-execution of this Agreement, to the fullest extent permitted
      by law and subject to the provisions of this Agreement.

    

    6.    Representations
      and Warranties.
      Bergmann, acknowledging that the Company is relying upon the truth and accuracy
      of such representations and warranties, represents and warrants to the Company
      as follows:

    

    a.     Review
      of Agreement.
      He has
      been given the opportunity and has in feet read this entire Agreement, it is
      in
      plain language, and he has had all questions regarding its meaning answered
      to
      his satisfaction.

    

    b.     Independent
      Advice.
      He has
      been given the full opportunity to obtain the independent advice and counsel
      from an attorney of his own choosing and has in fact done so.

    

    c.     Understanding
      of Terms.
      He
      fully understands the terms, contents and effects of this
      Agreement.

    

    d.     Voluntary
      Act.
      He is
      entering into this Agreement knowingly and voluntarily in exchange for the
      consideration in this Agreement and mat no other representations have been
      made
      to him to induce or influence his execution of this Agreement.

    

    7.    Termination.
      Upon
      the material breach of this Agreement, including, without limitation, the
      Consulting Obligation or a Covenant by Bergmann or upon the material breach
      of
      any representation or warranty, and in each case (other than a breach of a
      representation or warranty) after written notice by the non-breaching party
      and
      a 30-day opportunity to cure (5-day Opportunity to cure in the case of payment
      to Bergmann hereunder), the other may proceed to arbitration under Section
      8
      below.

    

    8.    Arbitration.
      The
      parties agree to arbitrate any and all disputes of any kind or nature (whether
      in contract, tort or otherwise, or relating to any statute or other law and
      whether involving direct, consequential, punitive, statutory or other damages
      of
      any kind) under, in relation to, or in connection with this Agreement or any
      actions or omissions by any party under, in relation to or in connection with
      the transition relationship contemplated by this Agreement. It is me express
      intent of this provision that every aspect of the parties' dispute or
      controversy be subject to final and binding arbitration. Arbitration shall
      take
      place in Los Angeles, CA and shall be conducted under the commercial arbitration
      rules (or other similar and applicable rules) of the American Arbitration
      Association. The parties shall act in good faith to select a single arbitrator
      or three arbitrators if any party so chooses (with each party selecting one
      arbitrator who will jointly select the third); provided, that if the parties
      do
      not agree on an arbitrator(s), then the American Arbitration Association shall
      select the arbitrators). The decision of the arbitrator shall be final and
      binding, and not subject to appeal for any reason. The parties agree that the
      arbitrator shall award attorneys fees, costs, and ail costs and fees of the
      American Arbitration Association to the prevailing party in the arbitration.
      The
      arbitration award or other orders can be confirmed and/or enforced through
      the
      Los Angeles County Superior Court. The arbitrator's fees and any administrative
      fees shall be divided equally between the parties. This provision does not
      affect the Company's ability to seek injunctive relief with the appropriate
      state or federal court in order to prevent any threatened or actual breach
      of
      the Covenants by Bergmann.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    9.    Governing
      Law.
      The
      interpretation, performance and enforcement of this Agreement will be governed
      by the internal laws of the State of Arizona without giving effect to any choice
      of law or rule that would cause the application of the laws of any jurisdiction
      other than the internal laws of the State of Arizona to the rights and duties
      of
      the parties.

    

    10.    Severability.
      If any
      provision of this Agreement or the application thereof is held to be invalid,
      void or unenforceable for any reason, the remaining provisions not so declared
      will be construed so as to comply with the law, and will nevertheless continue
      in full force and effect without being impaired in any manner
      whatsoever.

    

    11.    Headings.
      The
      headings in this Agreement are for reference only and will not affect the
      interpretation of this Agreement

    

    12.    Notices.
      All
      notices, demands, or other communications that are required or are permitted
      to
      be given under this Agreement must be in writing and are sufficient upon
      personal delivery, facsimile, or on the third business day following due deposit
      in the United States Mail, postage prepaid, and sent certified mail, return
      receipt requested, correctly addressed to the addresses of the parties as
      follows:

    

    
      	 	
              If
                to Bergmann:

            	
              Peter
                J. Bergmann

            

    

    
      	 	 	
              578
                Washington Blvd.

            

    

    
      	 	 	
              Suite
                214

            

    

    
      	 	 	
              Marina
                Del Ray, CA 90292

            

    

    
      	 	 	
              phone:
                (310) 578-2040

            

    

    
      	 	 	
              fax:
                (310) 388-4617

            

    

    
      	 	 	
              e-mail:
                tvprodll@att.net

            

    

    

    
      	 	
              If
                to Company:

            	
              YPCorp.

            

    

    
      	 	 	
              4840
                East Jasmine Street, Suite 105

            

    

    
      	 	 	
              Mesa,
                Arizona 85205-3321

            

    

    
      	 	 	
              Fax:
                (480) 860-0800

            

    

    
      	 	 	
              Attn:
                President

            

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    13.    Attorney's
      Fees.
      In the
      event of any litigation or any other legal proceeding, including arbitration,
      relating to this Agreement, including without limitation, any action to
      interpret or enforce this Agreement, the prevailing party will be entitled
      to
      reasonable attorneys' fees and costs of suit or arbitration.

    

    14.    Intent
      to be Binding.
      This
      Agreement may be executed in any number of counterparts and by facsimile, and
      each counterpart and/or facsimile constitutes an original instrument, but all
      such separate counterparts and/or facsimiles constitute one and the same
      agreement. Neither party to this Agreement will seek to have any term,
      provision, covenant, or restriction of this Agreement to be held invalid. This
      Agreement shall be binding upon and inure to the benefit of and be enforceable
      by the successors and assigns of Company, any person or entity which purchases
      substantially all of the assets of Company or with whom Company merges, and
      any
      subsidiary, affiliate, corporation, or operating division of the previously
      described entities.

    

    15.    Entire
      Agreement.
      This
      Agreement supersedes all prior agreements, whether written or oral, between
      the
      parties with respect to its subject matter (including, without limitation,
      the
      Employment Agreement and the Restricted Stock Agreement, any letter of intent,
      heads of agreement, conceptual agreement, or e-mail communication), except
      for
      the Indemnification Agreement which shall remain in fill force and effect,
      and
      constitutes a complete and exclusive statement of the terms of the agreement
      between the parties with respect to its subject matter. This Agreement may
      not
      be amended, supplemented, or otherwise modified except by a written agreement
      executed by the patty to be charged with the amendment

    

    16.    Injunctive
      Relief Damages and Forfeiture.
      Due to
      the nature of Bergmann's prior position with the Company, and with full
      realization mat a violation of the Covenants set forth in Section
      5
      of this
      Agreement will cause the Company immediate and irreparable injury and damage,
      which is not readily measurable and to protect the Company's interests, Bergmann
      understands and agrees that, in addition to instituting legal proceedings to
      recover damages resulting from a breach of this Agreement, the Company may
      seek
      to enforce Section
      5
      of this
      Agreement with an action for injunctive relief to cease or prevent any actual
      or
      threatened violation of this Agreement by Bergmann.

    

    17.    No
      Admission Clause.
      Neither
      the consideration furnished pursuant to this Agreement, nor this Agreement
      is an
      admission of any violation of rights, or termination or breach of the Employment
      Agreement by the Company or any affiliate or agent of the Company. The Company
      denies any violation of rights Or termination or breach of the Employment
      Agreement and denies any liability to Bergmann.

    

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, The Parties signed this Agreement as of the Effective Date.
      

    

    CAUTION!
      THIS IS A RELEASE! READ BEFORE SIGNING!

    

     

    
      	 	
              YP
                CORP., a Nevada corporation

            	 
	 	 	 
	 	
              /s/
                W. Chris Broquist

            	 
	 	
              By:
                W. Chris Broquist

            	 
	 	
              Its:
                CFO

            	 
	 	 	 
	 	
              /s/
                W. Chris Broquist

            	 
	 	
              W.
                Chris Broquist

            	 

    

     

    Re-Execution:

    

    By
      signing below, 1 reaffirm the terms and conditions of this Separation Agreement
      and specifically acknowledge the release of claims set forth in Section
      4(a).

    

    
      	
              Re-Execution
                Date: 

            	
              3
                Nov. 2005

            	 	
              /s/
                Peter J. Bergmann

            	 
	 	 	 	
              Peter
                J. Bergmann

            	 

    

    

    

    [SIGNATURE
      PAGE TO SEPARATION AGREEMENT)

     

    11Exhibit 10.5

    
      

    

    Exhibit
      10.5

     

    SIXTH
      AMENDMENT TO 

    MEMBERSHIP
      INTERESTS CONTRIBUTION AGREEMENT

     

    This
      Sixth Amendment to Membership Interests Contribution Agreement dated as of
      February 8, 2006 (this “Sixth
      Amendment”),
      by
      and among Mystic Hotel Investors, LLC, a Delaware limited liability company
      (“Mystic”),
      Waterford Hospitality Group, LLC, a Delaware limited liability company
      (“Waterford”
and
      together with Mystic, the “Contributor”),
      Hersha Hospitality Limited Partnership, a Virginia limited partnership
      (“Investor”),
      and
      First American Title Insurance Company, as Escrow Agent.

     

    WITNESSETH:

     

    WHEREAS,
      Contributor and Investor have entered into a Membership Interests Contribution
      Agreement dated as of June 15, 2005 (“Original
      Contribution Agreement”),
      pursuant to which, and subject to the terms and conditions thereof, Contributor
      shall contribute to the Company the Membership Interests and Investor shall
      make
      the Cash Payment;

     

    WHEREAS,
      the parties to the Original Contribution Agreement have entered into a First
      Amendment to Membership Interests Contribution Agreement dated as of July 8,
      2005 (the “First
      Amendment”),
      a
      Second Amendment to Membership Interests Contribution Agreement dated as of
      July
      25, 2005 (the “Second
      Amendment”),
      a
      Third Amendment to Membership Interests Contribution Agreement dated as of
      August 8, 2005 (the “Third
      Amendment”),
      a
      Fourth Amendment to Membership Interests Contribution Agreement dated as of
      September 15, 2005 (the “Fourth
      Amendment”),
      and a
      Fifth Amendment to Membership Interests Contribution Agreement dated as of
      November 1, 2005 (the “Fifth
      Amendment”,
      together with the Original Contribution Agreement, as amended by the First
      Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment
      and
      the Fifth Amendment, the “Contribution
      Agreement”);
      

     

    WHEREAS,
      the parties to the Contribution Agreement desire to restructure the capital
      sharing ratios and other related equity and cost sharing mechanisms with respect
      to the Development Assets (the “Equity
      Restructuring”)
      contained in the Contribution Agreement, the LLC Agreement and the Lessee LLC
      Agreement and as a result thereof to (1) effect appropriate prorations and
      adjustments at the Closing with respect to the Development Asset commonly known
      as the Hartford Marriott to reflect the Equity Restructuring and (2) modify,
      supplement and terminate certain documents related to the operation of the
      Development Assets, including, without limitation, termination of the Asset
      Management Agreement for the Development Asset commonly known as the Hartford
      Hilton;

     

    WHEREAS,
      the parties to the Contribution Agreement desire to effectuate a transfer of
      the
      obligation to employ all Employees from the Lessee Company Affiliates to the
      Manager with respect to each Property (the “Employee
      Transfer”)
      and to
      amend certain provisions of the Management Agreements and Lease Agreements
      as a
      result thereof; and

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    WHEREAS,
      the parties to the Contribution Agreement wish to amend the Contribution
      Agreement as set forth herein.

     

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

     

    Capitalized
      terms used but not defined herein shall have the respective meanings set forth
      in the Contribution Agreement.

     

    
      	
              1

            	
              Amendments

            

    

     

    1.1          
      Outside
      Closing Date with Respect to Deferred Properties.
      Notwithstanding anything to the contrary contained in Section 14.2, the
“Deferred Property Outside Closing Date” with respect to the Hartford Marriott
      shall mean February 15, 2006. For the purposes of Section 17.1 of the
      Contribution Agreement, the “Outside Closing Date” with respect to the Hartford
      Marriott shall mean the Deferred Property Outside Closing Date.

     

    
      	
              1.2

            	
              Amendments
                Related to Equity Restructuring.
                 

            

    

     

    1.2.1       
      All
      references to fifty percent (50%) contained in Sections
      3.1,
      3.3,
      3.4,
      3.5,
      12.3
      and
17.1
      of the
      Contribution Agreement are hereby modified to refer to (A) with respect to
      the
      Development Asset commonly known as the Hartford Hilton, ten percent (10%)
      for
      Investor and ninety percent (90%) for Contributor and (B) with respect to the
      Development Asset commonly known as the Hartford Marriott, fifteen percent
      (15%)
      for Investor and eighty-five percent (85%) for Contributor. 

     

    1.2.2       
      All
      references to 57.96% and 42.04% contained in Sections
      3.3
      and
17.1
      are
      hereby modified to refer to 39.2% and 60.8%, respectively. 

     

    1.2.3       
      A
      new
Section
      6.6.4
      is
      hereby added after Section
      6.6.3
      of the
      Contribution Agreement as follows:

     

    Adjustments
      and prorations with respect to the Hartford Marriott 

     

    shall
      be
      made in accordance with this Article in order to retroactively effect the Equity
      Restructuring such that the credits and debits set forth on the Closing
      Statement for the Development Asset commonly known as the Hartford Marriott
      sets
      forth payments of costs and Cash Payments (including those previously made
      with
      respect to the Development Asset commonly known as the Hartford Hilton) in
      accordance with the revised percentage of the Contribution Value attributable
      to
      the Development Assets to be reflected in Investor’s initial Capital Account in
      the Company and the revised percentage of costs for which Investor is
      responsible as set forth in this Sixth Amendment.

     

    1.2.4       
      The
      following new sections are hereby added after Section
      8.30
      of the
      Contribution Agreement as follows:

     

    “Section
      8.31. Tax
      Fixing Agreement.
      

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (a)   The
      Tax
      Assessment Fixing Agreement, dated August 25, 2000, between the City of
      Hartford and Waterford Development, LLC and recorded in Volume 4847 at Page
      105
      of the Hartford Land Records, as subsequently assigned pursuant to that certain
      Assignment and Assumption Agreement, dated September 11, 2003, by and
      between Waterford Development, LLC, as assignor, and Adriaen’s Landing Hotel,
      LLC (“ALH”), as assignee, and recorded in Volume 4858 at Page 197 of the
      Hartford Land Records (the “Tax Fixing Agreement”) is in full force and effect,
      and no default or breach has occurred thereunder. 

     

    (b)   Contributor
      has provided to Investor a true, complete and correct copy of the Tax Fixing
      Agreement as in effect as of the date hereof. 

     

    8.32.       
      Material
      Contracts.
      Schedule
      8.32
      sets
      forth a complete list of all material contracts, obligations, undertakings,
      agreements, guaranties, leases, mortgages, licenses or other agreements or
      commitments to which ALH is a party or is bound or is otherwise related to
      the
      Hartford Marriott (each, a “Material
      Contract”).
      Contributor
      has provided Investor with true and complete copies of all Material Contracts,
      and (i) there are no disputes pursuant to any Material Contracts that have
      not
      been previously disclosed to Investor, (ii) all such Material Contracts are
      in
      full force and effect and (iii) ALH is in compliance with its material
      obligations under all such Material Contracts. Investor
      acknowledges receipt of copies of all Material Contracts from Contributor.
      

     

    8.33        
      Disclosure.
      

     

    (a)   Neither
      this
      Agreement nor any Schedule or Exhibit nor any certificate or other document,
      report or other materials and information furnished to Investor by Contributor
      or its Affiliates or representatives in connection with the Equity Restructuring
      and the Closing with respect to the Hartford Marriott contains any untrue
      statement of a material fact or fails to state a material fact necessary in
      order to make the statements contained therein or herein, in light of the
      circumstances under which they were made, not misleading.

     

    (b)   Contributor
      has
      provided Investor with all material documents, reports or other materials and
      information relating to the Hartford Marriott or to which ALH is party or is
      otherwise bound. 

     

    1.2.5       
      A
      new
      Section 14.1.8
      is
      hereby added after Section 14.1.7
      as
      follows:

     

    With
      respect to the Hartford Marriott and ALH, the Existing Debt in the amount of
      eight million dollars ($8,000,000) pursuant to a loan to ALH from the City
      of
      Hartford shall have been fully and finally defeased at the expense of the
      Contributor.

     

    1.2.6        A
      new
      Section 14.1.9
      is
      hereby added after Section 14.1.8
      as
      follows:

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    There
      shall not have occurred any condition,
      circumstance, change, event or effect that is known to or reasonably should
      have
      been known to Contributor, which is or is reasonably likely to be materially
      adverse to (a) the assets, properties, financial condition or results of
      operations of ALH or the Hartford Marriott or (b) the ability of Contributor
      to
      consummate this Agreement or any of the transactions contemplated hereby,
except
      for any such condition,
      circumstance, change,
      event or effect to the extent resulting from or arising out of (y) changes
      or developments in financial,
      or
      securities markets or the economy in general or as a result of the outbreak
      of
      war or hostilities against the United States
      or (z)
      the announcement, negotiation,
      execution, delivery, or consummation of the transactions contemplated by, or
      compliance with, this Agreement.

     

    1.2.7       
      A
      new
      Section 14.2.5
      is
      hereby added after Section 14.2.4
      as
      follows:

     

    As
      a
      condition to Contributor’s obligations with regard to the Equity Structuring in
      respect of the Hartford Hilton, the Closing with respect to the Hartford
      Marriott shall have occurred on or prior to the date on which the Closing of
      the
      Equity Restructuring in respect of the Hartford Hilton occurs. 

     

    1.2.8       
      A
      new
Section
      15.8
      is
      hereby added after Section
      15.7
      of the
      Contribution Agreement as follows: 

     

    During
      the term of this Agreement and subsequent to the Closing with respect to the
      Development Asset commonly known as the Hartford Marriott, Contributor and
      Investor hereby agree to cooperate in good faith to (i) negotiate, execute
      and
      deliver amendments, modifications, supplements, terminations and other changes
      to any and all documents executed and delivered at previous portions of the
      Closing under this Agreement that may be implicated by the Equity Restructuring
      and the Employee Transfer, including, without limitation, amendments to the
      Management Agreements, the Leases, the LLC Agreement and the Lessee LLC
      Agreement and a termination of the Asset Management Agreement with respect
      to
      the Development Asset commonly known as the Hartford Hilton and (ii) obtain
      any
      consents and authorizations to the foregoing as determined to be necessary
      by
      Contributor and Investor in their reasonable discretion. 

     

    1.3   Amendments
      Related to Employee Transfer.
      

     

    1.3.1       
      Section
      6.1.11
      of the
      Contribution Agreement is hereby deleted in its entirety and replaced with
      the
      following as a new Section
      6.1.11:
      

     

    All
      salaries and benefits of employees whose employment is assumed by the Company
      or
      the Manager pursuant to Section
      8.15
      hereof
      shall be prorated. 

     

    1.3.2       
      The
      first
      sentence of Section
      8.15
      of the
      Contribution Agreement is hereby deleted in its entirety and replaced with
      the
      following: 

     

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

     

    
      At
        the
        Closing, the Manager shall hire all persons then employed by the Contributor
        or
        any Owner Entity in connection with the management, operation or maintenance
        of
        the Properties (collectively, the “Employees”). 

       

    

    
      
        2     
          Reference
          to and Effect on the Contribution Agreement.

      

    

     

    2.1   Upon
      the
      due execution and delivery of this Sixth Amendment by the parties hereto, on
      and
      after the date hereof each reference in the Contribution Agreement to “this
      Agreement”, “hereunder”, “hereof” and “herein” and the like shall mean and be a
      reference to the Contribution Agreement, as amended hereby.

     

    2.2   Except
      as
      specifically amended above, the Contribution Agreement shall remain in full
      force and effect and is hereby ratified and confirmed.

     

    2.3   The
      execution, delivery, and effectiveness of this Sixth Amendment shall be limited
      precisely as written and, except as expressly provided herein, shall not be
      deemed to (i) be a consent to any waiver or modification of any other term
      or condition of the Contribution Agreement or any of the instruments or
      documents referred to therein or (ii) create, or be evidence of, alone or
      taken with any consent to, waiver or modification of, or other amendment of
      the
      provisions of the Contribution Agreement or any of the instruments or documents
      referred to therein, a course of conduct.

     

    2.4   The
      representations and warranties made in the Contribution Agreement with respect
      to the Hartford Marriott as amended hereby are true and correct as of the date
      hereof. 

     

    3             Governing
      Law.
      THIS
      SIXTH AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE
      WITH THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT
      REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW.

     

    4    
Counterparts.
      This
      Sixth Amendment may be executed in counterparts, each of which when so executed
      and delivered shall be deemed an original and all of which together shall
      constitute one and the same instrument.

     

    [SIGNATURE
      PAGE FOLLOWS]

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      a duly
      authorized officer of each of Contributor, Investor and Escrow Agent have
      executed this Sixth Amendment as of the day and year first above
      written.

     

    
      	 	
              CONTRIBUTOR:

            
	 	
              WATERFORD
                HOSPITALITY GROUP, LLC

            
	 	 	 	 
	 	
              By:  
                

            	
              Slavik
                Suites, Inc., its member

            
	 	 	 	 
	 	 	
              By:  
                

            	 
	 	 	 	
              Name:
                Del Lauria

            
	 	 	 	
              Title:
                Vice President

            
	 	 	 	 
	 	 	
              By:  
                

            	
              LMW
                Investments, Inc., its member

            
	 	 	 	 
	 	 	
              By:  
                

            	 
	 	 	 	
              Name:
                Len Wolman

            
	 	 	 	
              Title:
                President

            
	 	 	 	 
	 	 	 	 
	 	
              By:  
                

            	
              MYSTIC
                HOTEL INVESTORS, LLC

            
	 	 	 	 
	 	 	 	 
	 	 	
              By:  
                

            	 
	 	 	 	
              Name:

            
	 	 	 	
              Title:
                Authorized Representative

            
	 	 	 	 
	 	 	 	 
	 	
              INVESTOR:
                

            
	 	
              HERSHA
                HOSPITALITY LIMITED PARTNERSHIP

            
	 	
              By:  
                

            	
              Hersha
                Hospitability Trust, its general partner

            
	 	 	 	 
	 	 	 	 
	 	 	
              By:   
                

            	 
	 	 	 	
              Name:
                

            	 
	 	 	 	
              Title:
                

            	 

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    
      	 	
              ESCROW
                AGENT: 

            
	 	
              FIRST
                AMERICAN TITLE INSURANCE COMPANY

            
	 	 	 	 
	 	
              By:  
                

            	 
	 	 	 Name:	
               

            
	 	 	 Title:	
               

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      8.32

     

    Material
      Contracts

    

    
      	
              DESCRIPTION

            	
              VENDOR/
                PARTY

            
	
              Helms
                Briscoe

            	
              Helms
                Briscoe

            
	
              Music

            	
              Muzak

            
	
              Laundry
                Service

            	
              Atlantic
                City Linen

            
	 	
              MZ
                Cleaners & Tailors

            
	
              Extermination/Pest

            	
              Terminix

            
	
              Kitchen
                Equipment

            	
              Suiza
                Foods

            
	 	
              Tri-State
                Malted Waffles

            
	 	
              Coca
                Cola - 265060

            
	 	
              Coca
                Cola - 265061

            
	
              Internet
                

            	
              IBahn

            
	
              Telephone
                System Services

            	
              SBC

            
	 	
              IMR
                Capital

            
	 	
              NTP

            
	 	
              Paetex

            
	 	
              Xeta

            
	 	
              Shared
                Technologies

            
	
              Refuse
                Removal

            	
              Waste
                Management

            
	
              Pool
                Maintenance

            	
              ECOLAB

            
	
              ATM
                Service

            	
              ATM
                Systems

            
	
              Gift
                Cards

            	
              Givex

            
	
              Audio/Visual

            	
              PSAV

            
	
              Advertising
                Agreement

            	
              Herring
                Media

            
	
              Television/
                Videos

            	
              OnCommand

            
	
              Point
                of Sale Systems

            	
              Micros

            
	 	 

    

    

    LEASES
      /
      LICENSES

    
      	
              UPS
                Store

            	
              Shipping
                Services II, LLC

            
	
              Starbucks
                License

            	
              Starbucks

            
	
              Parking
                Agreement

            	
              LAZ

            
	
              Car
                Rental

            	
              Hertz

            
	
              Parking
                (for hotel employees)

            	
              CL&P

              Charter
                Oak Square

            
	
              Energy
                Services Agreement

            	
              CUP
                Agreement with CCEDA

            

    

    

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

    

     

    Marriott
      Hotel License (Franchise Agreement) Marriott
      International, Inc.

    DEVELOPMENT
      / PROJECT RELATED AGREEMENTS

    
      	
              Hotel
                Site Lease

            	
              CCEDA
                

            
	
              AirSpace
                Lease

            	
              CCEDA
                / OPM

            
	
              Development
                Agreement

            	
              CCEDA
                / OPM

            
	
              Declaration
                of Covenants

            	
              CCEDA
                / OPM 

            
	
              Perini
                Contract

            	
              Perini
                Building Corp

            
	
              Tax
                Assessment Fixing Agreement and Assignment and Assumption of Tax
                Assessment Fixing Agreement

            	
              City
                of Hartford/Waterford Development, LLC

            
	
              **City
                of Hartford/HUD Loan Documents 

            	
              HUD/City
                of Hartford

            
	
              Hotel
                Management Agreement

            	
              Waterford
                Hotel Group, Inc.

            

    

    Sales
      & Use Tax Relief Program Implementing Agreement Connecticut
      Development Authority

    Name
      License Agreement  OPM

    

    

    **
      List
      of City of Hartford Loan Documents is attached as Exhibit A. Please note that
      the City of Hartford/HUD funded loan will be defeased on or before the Hartford
      Marriott closing.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    List
      of
      City of Hartford Loan Documents

    

    1.   Substitute
      Promissory Note dated September 26, 2003 in the principal amount of $8,000,000
      from ALH in favor of the City;

    2.   Loan
      Agreement dated September 26, 2003 between ALH and the City; 

    3.   Environmental
      Indemnity Agreement dated September 26, 2003 by ALH and Mystic in favor of
      the
      City;

    4.   Collateral
      Assignment and Security Agreement in Respect of Contracts, Licenses and Permits
      dated September 26, 2003 from ALH to the City;

    5.   UCC-1
      Financing Statement filed against ALH in favor of the City;

    6.   Guaranty
      dated September 26, 2003 from Mystic to the City;

    7.   Collateral
      Assignment and Subordination of Management Agreement dated September 26, 2003
      between ALH and the City;

    8.   Open-End
      Construction Leasehold Mortgage Deed dated September 26, 2003 from ALH to the
      City.

    9.   Standstill
      and Subordination Agreement dated September 26, 2003 by and among the City,
      ALH,
      People’s Bank and BankNorth, N.A..

    10.        
      Collateral
      Assignment of Leases and Rents dated September 26, 2003 by ALH in favor of
      the
      City.

     

    10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]