Document:

Exhibit
10.5

 

Development
Agreement

 

Between Devoe Creative Corp.
(Developer)

And Oxford-Northeast Ltd. (Client)

 

You (Client), located at
400 Rella Blvd, Suffern, NY (“You”) are hiring Devoe Creative Corp (Developer) (“We or Us”) to:

 

Develop and launch the
ZeroVacancy.com website application (ZeroVacancy). The ZeroVacancy application will allow end users to find apartments
and commercial spaces at a discount to local market rates.

 

For the total price of
$200,000.00 as outlined in Payment Schedule below we will build and launch ZeroVacancy per the Scope of Work document (separate
and below in Schedule A).

 

What
do both parties agree to?

 

You: You have the authority
to enter into this contract. You’ll give us the assets and information we tell you we need to complete the project. You’ll
do this when we ask and provide it in the formats we ask for. You’ll review our work, provide feedback and approval in a
timely manner too. Deadlines work two ways, so you’ll also be bound by dates we set together. You also agree to perform
in accordance with the Payment Schedule articulated further below in this Agreement.

 

Us: We have the experience
and ability to do everything we’ve agreed with you and we’ll do so in a professional and timely manner. We’ll
endeavor to meet every deadline that’s set and maintain the confidentiality of everything you give us.

 

Design

 

We have created look-and-feel
designs and flexible layouts that adapt to the capabilities of many devices and screen sizes. We may use visuals to indicate a
creative direction (color, texture, and typography.)

 

You’ll have plenty
of opportunities to review our work and provide feedback. We’ll share the company Dropbox and code repository with you and
we’ll have regular bi-weekly contact.

 

If, at any stage, you
change your mind about what you want to be delivered and are not happy with the direction our work is taking, on a material level,
you’ll pay us in full for the time we’ve spent working with you until that point and amend the current contract or
negotiate terms for a new contract.

 

    	 		 

     

    

 

Photographs

 

You should supply photographs
of properties you intent to feature on the website in a high-resolution digital format. If you’d like us to search for photographs
of real property, buildings, improvements etcetera for you, we can provide a separate estimate for that. If you choose to buy
stock photographs, we can suggest stock libraries.

 

Development

 

We will develop the necessary
front-end and back-end coding for this website to work on desktops, as well as Android/iOS mobile devices. This will include the
development of an API (Application Programming Interface), a webapp and admin panel.

 

Browser
Support & Testing

 

Browser testing no longer
means attempting to make a website look the same in browsers of different capabilities or on devices with different size screens.
It does mean ensuring that a person’s experience of a design should be appropriate to the capabilities of a browser or device.

 

We test our work in current
versions of major desktop browsers including those made by Apple (Safari), Google (Chrome), Microsoft Edge and Mozilla Firefox.
We’ll also test to ensure that people who use Microsoft Internet Explorer for Windows get an appropriate experience. We
won’t support or test in other older browsers unless we agree separately. If you need an enhanced design for an older browser,
we can provide a separate estimate for that.

 

Mobile
Browser Testing

 

Mobile browser testing
using popular smaller screen devices is essential in ensuring that a person’s experience of a design is appropriate to the
capabilities of the device they’re using. We test our designs in the latest versions of:

 

iOS: Safari, Google Chrome

 

Android: Google Chrome
on Android Emulator

 

    	 		 

     

    

 

We won’t test in
Blackberry, Opera Mini/Mobile, specific Android devices, Windows or other mobile browsers unless we agree separately. If you need
us to test using these, we can provide a separate estimate for that.

 

Finally we only support
and test the most current versions of any browser at the time of completion, and one version prior.

 

Technical
Support

 

We’re proud of making
a professional and functional product. We will provide technical support (debugging), within the original Scope of Work agreed
upon, for a period of 3 months (90 days) following the launch of this application. Hosting support will be provided in email form
via a basic helpdesk system, with at least one engineer on call at all times, subject to a future Service Level Agreement.

 

For Tier 1 emergencies
resulting in end-users not being able to view or interact with content (i.e. issues of crucial software malfunction), maximum
response time will be 24 hours, and 48 hours for Tier 2 issues such as specific, but not crucial functions such as those that
affect individual users, or functions that don’t interfere with the basic operation of the website.

 

Ongoing
Support

 

When
the development is concluded, you have the option to enter into a month-to-month support retainer for the cost of $2,500.00 per
month. There is no contract, and you are free to migrate to either internal technical staff, or to any other development company
of your choosing. We will provide the codebase, schemas, hosting information, and any other reasonable material support needed
to facilitate the transfer.

 

Legal

 

We’ll carry out
our work in accordance with good industry practice and at the standard expected from a suitably qualified person with relevant
experience.

 

That said, we can’t
guarantee that our work will be error-free and so we can’t be liable to you or any third-party for damages, including lost
profits, lost savings or other incidental, consequential or special damages, even if you’ve advised us of them.

 

    	 		 

     

    

 

Your liability to us will
also be limited to the amount of fees payable under this contract and you won’t be liable to us for damages, including lost
profits, lost savings or other incidental, consequential or special damages.

 

Finally, if any provision
of this contract shall be deemed unenforceable or voided for any reason then that provision shall be deemed severable from this
contract and shall not affect the validity and enforceability of any remaining provisions.

 

Intellectual
Property Rights

 

“Intellectual property
rights” means all patents, rights to inventions, copyright (including rights in software) and related rights, trademarks,
service marks, and trade names, internet domain names, rights to goodwill or rights to sue for passing off, rights in designs,
database rights, rights in confidential information (including know-how) and any other intellectual property rights, in each case
whether registered or unregistered and including all applications (or rights to apply) for, and renewals or extensions of, such
rights and all similar or equivalent rights or forms of protection which subsist or shall subsist now or in the future in any
part of the world.

 

First, you guarantee that
all elements of text, images or other artwork you provide are either owned by you or that you have permission to use them. When
you provide text, images or other artwork to us, you agree to indemnify us from any claim by a third party that we’re using
their intellectual property.

 

We guarantee that all
elements of the software development we deliver to you are either owned by us or we’ve obtained the necessary permission
to use said work. Provided you’ve paid your fee(s), and this contract hasn’t been terminated, we will assign all intellectual
property rights to you, and you may apply for a patent at the conclusion of our software development.

 

Additionally, you will
have the exclusive right to the website and app. We cannot sell the app or any part thereof to anyone else. We also agree not
to develop or sell any software, programs, applications or other products that could, in any way, compete with the Zero Vacancy
app.

 

Confidential
Information

 

“Confidential Information”
means all non-public, confidential, or proprietary information of each party, including information about their respective business
affairs, goods, services, materials comprising or relating to Intellectual Property rights, third-party confidential information,
documents, data, forecasts, customer lists, pricing, discounts or rebates, wholesale pricing information, other information of
commercial value, and the terms of this Agreement, whether disclosed orally or disclosed or accessed in written, electronic, or
other form or media, and whether or not marked, designated, or otherwise identified as “confidential” in connection
with this Agreement. Confidential Information does not include information: (a) in the public domain other than through a breach
of this Agreement; (b) known by the receiving party before being disclosed by or on behalf of the disclosing party; (c) independently
developed by the receiving party without reference to or use of, in whole or in part, any of the disclosing party’s Confidential
Information; or (d) rightfully obtained by a party on a non-confidential basis from a third party.

 

    	 		 

     

    

 

We understand the economic
value to you of your Confidential Information. With respect to Confidential Information, we agree to:

 

(a)       restrict
disclosure of the Confidential Information solely to those employees or authorized representatives and affiliates with a “need
to know” and not disclose it to any other person or entity without your prior written consent of the disclosing party;

(b)       advise
those personnel who gain access to Confidential Information of their obligations with respect to the Confidential Information;

(c)       make
only the number of copies of the Confidential Information necessary to disseminate the information to those personnel who are
entitled to have access to it, and ensure that all confidential notices set forth on the Confidential Information are reproduced
in full on such copies;

(d)       safeguard
the Confidential Information with the same degree of care to avoid unauthorized disclosure as recipient uses to protect its own
confidential and private information;

(e)       use
any of your Confidential Information solely for the purposes of work to be performed pursuant to this Agreement.

 

This provision shall survive
termination of the Agreement.

 

Payment
Schedule

 

$20,000.00 was
paid on signing of this contract

$20,000.00 upon
presentation & approval of our proof-of-concept on or around Monday October 1, 2018

$160,000.00 upon
complete launch of ZeroVacancy available and tested on desktop and mobile

 

    	 		 

     

    

 

General
Provisions

 

Amendments. No
amendment to this Agreement will be effective unless it is in a writing that references this Agreement and is signed by each party.

 

Expenses. Unless
otherwise provided in this Agreement, each party will pay its own costs and expenses associated with the execution and its performance
of this Agreement.

 

Publicity. Unless
otherwise required by Law or as allowed in this Agreement, neither party may issue any press release, article, advertising, or
other publicity relating to this Agreement, its existence, or the relationship of the parties without the prior written consent
of the other party.

 

Relationship of the
Parties. Nothing in this Agreement will be construed to create a joint venture, partnership, franchise, or business opportunity
between the parties or an employee/employer or agency relationship. Each party assumes full responsibility for the actions of
its employees and agents under this Agreement. Unless otherwise expressly set forth in this Agreement, neither party has any express
or implied right or authority to assume or create any obligations on behalf of, or in the name of, the other party, or to bind
the other party to any contract, agreement, or undertaking with any Person.

 

Assignment and Delegation.
Neither party may, under this Agreement: (a) assign its rights, including by merger, consolidation, dissolution, operation of
Law, or any other manner; or (b) delegate its performance without the written consent of the other party. Any purported assignment
of rights or delegation of performance in violation of this Section is void.

 

Force Majeure.
Notwithstanding anything to the contrary in this Agreement, neither party will be liable or responsible to the other party, nor
be deemed to have defaulted or breached this Agreement, for any failure or delay in fulfilling or performing any term of this
Agreement when and to the extent the failure or delay is caused by or results from a Force Majeure Event. Upon occurrence of a
Force Majeure Event, the affected party must promptly Notify the other party of the occurrence of the Force Majeure Event, its
effect on performance, how long that party expects it to last, and the measures that party is taking to eliminate or mitigate
its effect. During a Force Majeure Event, the affected party must use reasonable efforts to limit damages to the other party and
to resume its performance under this Agreement.

 

Entire Agreement.
This Agreement constitutes the final, exclusive agreement between the parties with respect to its subject matter. All earlier
and contemporaneous communications, negotiations, understandings, and agreements between the parties on the matters contained
in this Agreement, whether written or oral, are superseded by this Agreement.

 

    	 		 

     

    

 

Attorneys’ Fees.
If a party institutes any Action against the other party to enforce the terms and provisions in this Agreement or obtain any other
remedy in respect of any breach of this Agreement, the prevailing party in the Action is entitled to receive, in addition to all
other damages to which it may be entitled, the costs it incurs in connection with conducting the Action, including reasonable
attorneys’ fees and expenses and court costs.

 

Waiver. If either
party fails to require the other party to perform any term of this Agreement, that failure does not prevent the party from later
enforcing that term. If either party waives the other’s breach of a term, that waiver is not treated as waiving a later
breach of that term.

 

Signatures

 

Both parties agree to
adhere to all relevant laws and regulations in relation to our activities under this contract and not cause the other to breach
any relevant laws or regulations.

 

This contract stays in
place and need not be renewed. If for some reason one part of this contract becomes invalid or unenforceable, the remaining parts
of this contract remain in place.

 

Although the language
is simple, the intentions are serious and this contract is a legal document to be interpreted under New York law.  Any legal
action relating  to this Agreement must be brought in courts in Rockland County, New York.

 

This Agreement may be signed in
counterpart all of which will constitute a single agreement.  Electronic delivery of a signed signature page is as effective
as an original signed copy of the Agreement.

 

	Signed by Zev Eisenberg on behalf of	 	Signed by Sam Eisenberg on behalf of
	Devoe Creative Corp	 	Oxford-Northeast Ltd.
	 	 	 
	 	 	 
	Date: 8/20/2018	 	Date 8/20/2018
	 	 	 

 

    	 		 

     

    

 

Schedule A

Development Spec / Scope of Work

 

The following major software functions
will be included in this contract, any additional design or programming will be estimated and contracted separately.

 

Desktop
& Mobile Applications (iOS/Android)

 

		1.	Administrator

		a.	Add/edit/delete
                                         listings

		b.	Add/edit/delete
                                         users

		c.	Edit/delete
                                         applications

		2.	End
                                         User

		a.	Personal
                                         account management (email, password)

		b.	Home
                                         page map of local listings available (zoom in / zoom out)

		c.	Interstitial
                                         overlay for property attribute filter

		i.	Apartments
                                         vs. commercial

		ii.	Apartments:
                                         “Studio”, “1bdrm”, “2bdrm”, (or other agreed upon
                                         language)

		iii.	Apartments:
                                         “Model Unit”, “Title V”, “As-Is” (or other agreed
                                         upon language)

		iv.	Commercial:
                                         “Warehouse”, “Retail”, “Office” (or other agreed
                                         upon language)

		v.	Commercial:
                                         “Small”, “Medium”, “Large” (or other agreed upon
                                         language)

		d.	Access,
                                         via links, to other active Deadspace cities (27 at time of contract execution)

		e.	MAP
                                         and LIST view of search results

		f.	DETAIL
                                         view of individual listings

		g.	Pre-Application
                                         process of screening potential tenants (inline form)

		h.	User
                                         registration

		i.	Legal:
                                         Terms & Conditions of Use for Deadspace.rent

 

Underlying
Deliverables

		1.	Setup
                                         & technology required to launch Deadspace.rent and support up to approximately 150,000
                                         end users.

		2.	Documented
                                         Source Code and related material(s)

		3.	All
                                         graphic files in Vector format

 

    	 		 

     

    

 

Schedule B

Project Milestones

 

Start

 

August 27th, 2018

 

		1.	Scope
                                         of work articulated

		2.	Team
                                         assembled

		3.	Initial
                                         wireframes/logos submitted for review

 

Phase 1 -
Prototype

 

October 1, 2018

 

		1.	Presentation
                                         of desktop prototype

 

Phase 2 -
Midpoints

 

November 1, 2018

 

		1.	Functioning
                                         Desktop 1.0 Complete (all functions operational)

 

December 1, 2018

 

		1.	Functioning
                                         Mobile Application 1.0 Complete (Android/iOS)

 

Subsequent testing in preparation
for launch

 

Phase 3 -
Full Launch

 

Feb 1, 2019

 

		1.	Second
                                         Test Launch

 

April 15, 2019

 

		1.	Full
                                         / Final Launchex_134931.htm

Exhibit 10.1

 

FIRST AMENDMENT TO 

EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT is made and entered into by and between WASHINGTON PRIME GROUP INC., an Indiana corporation (the “Company”), and LISA A. INDEST (the “Executive”) dated as of February 12, 2019 and effective as of February 12, 2019.

 

WHEREAS, the Company and the Executive are parties to an Employment Agreement, made and entered into on August 6, 2018 and effective as of August 3, 2018 (the “Employment Agreement”); and

 

WHEREAS, the parties hereto now desire to amend the Employment Agreement to reflect the Executive’s new title, annual base salary and target and maximum annual bonus.

 

NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

 

1.     “Senior Vice President, Finance and Chief Accounting Officer” is hereby changed to “Executive Vice President, Finance and Chief Accounting Officer” in Sections 2(a)(i) and 3(c)(i) of the Employment Agreement.

 

2.     The first sentence of Section 2(b)(i) of the Employment Agreement is hereby amended to read as follows:

 

“During the Employment Period, the Executive shall receive an annual base salary at the rate of $326,998.71 (the ‘Annual Base Salary’), subject to applicable income tax and other legally required withholding and any deductions that the Executive voluntarily authorizes in writing.”

 

3.     The second and third sentences of Section 2(b)(ii) of the Employment Agreement are hereby amended to read as follows:

 

“The Executive’s target Annual Bonus shall be 100% of the Annual Base Salary (the ‘Target Bonus’). The actual Annual Bonus may range from 0% to 150% of the rate of the Target Bonus, based on the level of achievement of performance goals established by the Committee (which performance goals shall be consistent with those applicable to the Company’s senior executives generally) and communicated to the Executive not later than the 90th day of the applicable fiscal year.”

 

4.     Except as otherwise provided herein, the Employment Agreement shall remain unaltered and of full force and effect.

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

 

IN WITNESS WHEREOF, the parties have caused this First Amendment to Employment Agreement to be executed and delivered as of the day and year first above set forth.

 

 

	
			 

				
			WASHINGTON PRIME GROUP INC.,

				
			 

			
	 	an Indiana corporation	 
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				/s/ Mark E. Yale                              	
			 

			
	
			 

				
			 

				
			Name:  Mark E. Yale

				
			 

			
	
			 

				
			 

				
			Title: EVP and CFO

				
			 

			
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EXECUTIVE	 
	 	 	 	 
	 	By:	/s Lisa A. Indest                                	 
	 	Name: Lisa A. Indest	 

 

[Signature Page – L. Indest Amendment to Employment Agreement]

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