Document:

Exhibit 10.1

Exhibit 10.1

 

	 	
      

      GREENTREE
      FINANCIAL GROUP, INC.

      

                                         
      “Catch the Vision........”

 

 

August
27, 2004

PERSONAL
AND CONFIDENTIAL

Moixa
III, Inc.

2341
Boston Road

Wilbraham,
MA 01095

Attn:
Karol Kapinos, Director

Dear Mr.
Kapinos:

This
letter agreement ("Agreement") confirms the terms and conditions of the
engagement of Greentree Financial Group, Inc. ("Greentree") by Moixa III, Inc.
(the "Company") to render certain professional services to the Company in
connection with the Company's proposed registration statements.

1.    Services.
Greentree agrees to perform the following services:

	 	
      (a)
	
      Assist
      with the preparation of Form
      SB-2,
      including drafting of the registration statement and amendments required
      in connection with comments from the Securities and Exchange Commission,
      reviewing of the Company’s corporate documents in preparation for filing
      the registration statement and answering comments from the Securities and
      Exchange Commission;

	 	
      (b)
      
	
      Assist
      with EDGARizing the aforementioned document as required by the Securities
      and Exchange Commission, including any applicable
    amendments;

	 	
      (c)
	
      Perform
      such other services as the Company and Greentree shall mutually agree to
      in writing.

 

2.    Fees.
 The
Company agrees to pay Greentree for its services with a financial advisory fee
("Advisory Fee") payable as follows: $25,000 currently payable in cash and with
700,000 shares of your common stock. The 700,000 shares will be registered in
the Form SB-2 registration statement.

3.    Term. The
term of this Agreement shall commence on August 27, 2004. Greentree also agrees
to assist in answering any SEC comments remaining in connection with the
registration statements. This agreement may be terminated by the Company with 30
days prior written notice to Greentree. If the Company terminates this Agreement
prior to the expiration of the Term, the Company shall pay to Greentree all
reasonable expenses incurred, in accordance with Paragraph 5 hereof. Any
obligation pursuant to this Paragraph 3, and pursuant to Paragraphs 2, 4, 5, 6
and 8 hereof, shall survive the termination or expiration of this
Agreement.

4.    Expenses. The
Company agrees to reimburse Greentree for all of its reasonable out-of-pocket
fees, expenses and costs (including, but not limited to, legal, accounting,
travel, accommodations, telephone, translation, computer, courier and supplies)
in connection with the performance of its services under this Agreement,
upon
prior written approval. All
such fees, expenses and costs will be billed at any time by Greentree and are
payable by the Company when invoiced. Upon expiration of the Agreement any
unreimbursed fees and expenses will be immediately due and payable.

5.    Indemnification. In
addition to the payment of fees and reimbursement of fees and expenses provided
for above, the Company agrees to indemnify Greentree and its affiliates with
regard to the matters contemplated herein, as set forth in Exhibit A, attached
hereto, which is incorporated by reference as if fully set forth herein.

 

1

6.    Matters
Relating to Engagement. The
Company acknowledges that Greentree has been retained solely to provide the
services set forth in this Agreement. In rendering such services, Greentree
shall act as an independent contractor, and any duties of Greentree arising out
of its engagement hereunder shall be owed solely to the Company. The Company
further acknowledges that Greentree may perform certain of the services
described herein through one or more of its affiliates.

The
Company acknowledges that Greentree is a consulting firm that is engaged in
providing financial advisory services. The Company acknowledges and agrees that
in connection with the performance of Greentree's services hereunder (or any
other services) that neither Greentree nor any of its employees will be
providing the Company with legal, tax or accounting advice or guidance (and no
advice or guidance provided by Greentree or its employees to the Company should
be construed as such) and that neither Greentree nor its employees hold itself
or themselves out to be advisors as to legal, tax, accounting or regulatory
matters in any jurisdiction. The attorneys and accountants that work for
Greentree are exclusively for Greentree's benefit. The Company shall consult
with its own legal, tax, accounting and other advisors concerning all matters
and advice rendered by Greentree to the Company and the Company shall be
responsible for making its own independent investigation and appraisal of the
risks, benefits and suitability of the advice and guidance given by Greentree to
the Company and the transactions contemplated by this Agreement. Neither
Greentree nor its employees shall have any responsibility or liability
whatsoever to the Company or its affiliates with respect thereto.

The
Company recognizes and confirms that in performing its duties pursuant to this
Agreement, Greentree will be using and relying on data, material, and other
information (the "Information") furnished by the Company or their respective
employees and representatives. The Company will cooperate with Greentree and
will furnish Greentree with all Information concerning the Company and any
Transaction, Alternate Transaction or Financing which Greentree deems
appropriate and will provide Greentree with access to the Company's officers,
directors, employees, independent accountants and legal counsel for the purpose
of performing Greentree's obligations pursuant to this Agreement. The Company
hereby agrees and represents that all Information furnished to Greentree
pursuant to this Agreement shall be accurate and complete in all material
respects at the time provided, and that, if the Information becomes materially
inaccurate, incomplete or misleading during the term of Greentree's engagement
hereunder, the Company shall promptly advise Greentree in writing. Accordingly,
Greentree assumes no responsibility for the accuracy and completeness of the
Information. In rendering its services, Greentree will be using and relying upon
the Information without independent verification evaluation thereof.

7.    Governing
Law. This
Agreement shall be governed by and construed in accordance with the laws of the
State of Florida without regard to the conflict of laws provisions
thereof.

 

2

8.    No
Brokers. The
Company represents and warrants to Greentree that there are no brokers,
representatives or other persons which have an interest in compensation due to
Greentree from any services contemplated herein. 

9.    Authorization. The
Company and Greentree represent and warrant that each has all requisite power
and authority, and all necessary authorizations, to enter into and carry out the
terms and provisions of this Agreement and the execution, delivery and
performance of this Agreement does not breach or conflict with any agreement,
document or instrument to which it is a party or bound.

10.    Miscellaneous. This
Agreement constitutes the entire understanding and agreement between the Company
and Greentree with respect to the subject matter hereof and supersedes all prior
understanding or agreements between the parties with respect thereto, whether
oral or written, express or implied. Any amendments or modifications must be
executed in writing by both parties. This Agreement and all rights, liabilities
and obligations hereunder shall be binding upon and insure to the benefit of
each party’s successors but may not be assigned without the prior written
approval of the other party. If any provision of this Agreement shall be held or
made invalid by a statute, rule, regulation, decision of a tribunal or
otherwise, the remainder of this Agreement shall not be affected thereby and, to
this extent, the provisions of this Agreement shall be deemed to be severable.
This Agreement may be executed in any number of counterparts, each of which,
shall be deemed to be an original, but such counterparts shall, together,
constitute only one instrument. The descriptive headings of the Paragraphs of
this Agreement are inserted for convenience only, do not constitute a part of
this Agreement and shall not affect in anyway the meaning or interpretation of
this Agreement.

Please
confirm that the foregoing correctly sets forth our agreement by signing below
in the space provided and returning this Agreement to Greentree for execution,
which shall constitute a binding agreement as of the date first above
written.

3

Thank
you. We look forward to a mutually rewarding relationship.

	 	 	 
	 GREENTREE FINANCIAL GROUP,
      INC.
	 
 	 
 	 
 
	By:  /s/ Michael J.
      Bongiovanni, CPA
	
      

      Michael J. Bongiovanni, CPA
	 President

 

AGREED TO
AND ACCEPTED

AS OF
AUGUST 27, 2004:

	 	 	 
	 MOIXA III, INC.
	 
 	 
 	 
 
	By:  /s/ Karl
      Kapinos
	
      

      Karl Kapinos
	 Director

 

4

EXHIBIT
A: INDEMNIFICATION

The
Company agrees to indemnify Greentree, its employees, directors, officers,
agents, affiliates, and each person, if any, who controls it within the meaning
of either Section 20 of the Securities Exchange Act of 1934 or Section 15 of the
Securities Act of 1933 (each such person, including Greentree is referred to as
"Indemnified Party") from and against any losses, claims, damages and
liabilities, joint or several (including all legal or other expenses reasonably
incurred by an Indemnified Party in connection with the preparation for or
defense of any threatened or pending claim, action or proceeding, whether or not
resulting in any liability) ("Damages"), to which such Indemnified Party, in
connection with providing its services or arising out of its engagement
hereunder, may become subject under any applicable Federal or state law or
otherwise, including but not limited to liability or loss (i) caused by or
arising out of an untrue statement or an alleged untrue statement of a material
fact or omission or alleged omission to state a material fact necessary in order
to make a statement not misleading in light of the circumstances under which it
was made, (ii) caused by or arising out of any act or failure to act, or (iii)
arising out of Greentree's engagement or the rendering by any Indemnified Party
of its services under this Agreement; provided, however, that the Company will
not be liable to the Indemnified Party hereunder to the extent that any Damages
are found in a final non-appealable judgment by a court of competent
jurisdiction to have resulted from the gross negligence or willful misconduct of
the Indemnified Party seeking indemnification hereunder.

These
indemnification provisions shall be in addition to any liability which the
Company may otherwise have to any Indemnified Party.

If for
any reason, other than a final non-appealable judgment finding an Indemnified
Party liable for Damages for its gross negligence or willful misconduct the
foregoing indemnity is unavailable to an Indemnified Party or insufficient to
hold an Indemnified Party harmless, then the Company shall contribute to the
amount paid or payable by an Indemnified Party as a result of such Damages in
such proportion as is appropriate to reflect not only the relative benefits
received by the Company and its shareholders on the one hand and the Indemnified
Party on the other, but also the relative fault of the Company and the
Indemnified Party as well as any relevant equitable considerations.

Promptly
after receipt by the Indemnified Party of notice of any claim or of the
commencement of any action in respect of which indemnity may be sought, the
Indemnified Party will notify the Company in writing of the receipt or
commencement thereof and the Company shall have the right to assume the defense
of such claim or action (including the employment of counsel reasonably
satisfactory to the Indemnified Party and the payment of fees and expenses of
such counsel), provided that the Indemnified Party shall have the right to
control its defense if, in the opinion of its counsel, the Indemnified Party's
defense is unique or separate to it as the case may be, as opposed to a defense
pertaining to the Company. In any event, the Indemnified Party shall have the
right to retain counsel reasonably satisfactory to the Company, at the Company's
sole expense, to represent it in any claim or action in respect of which
indemnity may be sought and agrees to cooperate with the Company and the
Company's counsel in the defense of such claim or action. In the event that the
Company does not promptly assume the defense of a claim or action, the
Indemnified Party shall have the right to employ counsel to defend such claim or
action. Any obligation pursuant to this Annex shall survive the termination or
expiration of the Agreement.

5Exhibit 10.2

 

Exhibit 10.2

LESSARD
PROPERTY MANAGEMENT SERVICES, INC.

RESIDENTIAL
PROPERTY MANAGEMENT AGREEMENT 

This
agreement made as of the [27] day of [Aug.], 200[3], by and between
[Duane
Bennett ], (hereinafter referred to as the “Owner”), and Lessard Property
Management Services, Inc. (hereinafter referred to as the “Agent”).

 

	1.  	
      APPOINTMENT
      AND ACCEPTANCE. Owner hereby appoints Agent as exclusive agent for the
      management of the property described in Section 2 of this agreement. Agent
      accepts the appointment subject to the terms and conditions set forth in
      this agreement. 

	2.  	
      DESCRIPTION
      OF PROJECT. The property to be managed by the Agent under this agreement
      (hereinafter referred to as the “Project”) is a development consisting of
      buildings and other improvements. The Project is further described as
      follows:

NAME:
Duane Bennett 

OWNER’S
ADDRESS:  P.O. Box
243

 
Chimney Rock, NC 28720

OWNER’S
PHONE:       882/625-2666

PROPERTY
LOCATION: See
Attachment A

NO. OF
DWELLING UNITS:

MANAGEMENT
ACCOUNT NUMBERS: 171, 311, 312

	3.  	
      RENTALS.
      The Agent will offer for rent and will use diligence to rent the dwelling
      units. Incident thereto, the following provisions will
    apply:

	a.  	
      The
      Agent will take and process applications for rentals and maintain a
      current list of prospective tenants.

	b.  	
      The
      Agent will prepare all dwelling leases and rental agreements, and will
      execute the same in its name, identifying itself thereon as Agent for
      Owner.

	c.  	
      The
      Agent will keep the books and accounts of the operation of the property in
      accordance with good accounting practices. 

	4.  	
      COLLECTION
      OF RENTS AND OTHER RECEIPTS. The Agent will collect and deposit rents in
      accordance with the terms of each lease or rental agreement. All funds
      collected by the Agent shall be deposited by the Agent promptly in a bank
      account of the Agent in an institution whose deposits are insured by an
      agency of the United States of America; this account shall be used
      exclusively by the Agent for funds of Owners Management Account #
      171,
      311, 312

 

1

 

	5.  	
      ENFORCEMENT
      OF LEASES OR RENTAL AGREEMENTS. The Agent will take reasonable steps to
      secure full compliance of each tenant with the terms of his lease or
      rental agreement. The Agent will lawfully terminate any tenancy when, in
      the Agents judgment, sufficient cause (including, but not limited to,
      nonpayment of rent) for such termination occurs under the terms of the
      tenants lease or rental agreement. For this purpose, the Agent is
      authorized to consult with legal counsel of its choice to bring actions
      for evictions and to execute notices to vacate and judicial pleading
      incident to such actions. Attorney’s fees and other necessary costs
      incurred in connection with such action will be paid out of the Management
      Account as Project expenses of Owner. Notwithstanding anything herein to
      the contrary, the Agent shall have the power to terminate and accept
      termination of tenancies, settle, compromise and release claims against
      tenants; reinstate leases; give consents provided for in leases or rental
      agreements and take all lawful action to evict tenants.

	6.  	
      MAINTENANCE
      AND REPAIR. The Agent will use its best efforts to cause the Project to be
      maintained and repaired in a condition reasonably acceptable to the Owner,
      including but not limited to, cleaning, painting, carpentry and such other
      maintenance and repair work as may be necessary. Incident thereto, the
      following provisions will apply: 

	6.1  	
      Prior
      to moving into the building, the resident will be given the opportunity to
      inspect his apartment and will be given an apartment inspection form to be
      filled in. All apartments will be painted and repaired as deemed
      appropriate by Agent, at the owner’s expense. The Owner will bear the full
      cost of normal wear and tear. 

	6.2  	
      Use
      Agent’s regular maintenance employees for all maintenance, repair and
      construction work as is within their capability and charge Owner’s
      operating account for all such work at the then current hourly rates
      charged by Agent.

	6.3  	
      Contract,
      on behalf of Owner, qualified independent contractors for repairs and
      construction beyond the capability of regular employees on the staff of
      the Agent. Repairs involving independent contractors will be accomplished
      within the earliest time possible given the scheduling constraints of the
      independent contractors. Owner will pay Agent a surcharge of eighteen
      percent (18%) for all subcontracted work contracted and supervised by the
      Agent.

	6.4  	
      Purchase
      those materials, equipment, tools, appliances, supplies and services
      necessary in Agent’s reasonable discretion to ensure the proper
      maintenance and repair of the Project. Owner will pay Agent a surcharge of
      eighteen percent (18%) of the charge for supplies used in the operation of
      the Project as a fee for ordering and stocking said supplies.
    

 

2

 

	6.5  	
      All
      costs and expenses incurred for the maintenance and repair of the Project,
      including but not limited to, cleaning, painting, carpentry and vermin
      extermination will be paid out of the Management Account as Project
      expenses of Owner.

	6.6  	
      Agent
      will obtain two (2) estimates for any non-emergency maintenance or repair
      work which is required on the Project where it is expected that the cost
      of the work will exceed $5,000.00 with one of the estimates being from the
      Agent and the second from an independent contractor chosen by Agent and
      present those estimates to Owner for approval. If Owner requires Agent to
      acquire additional estimates, Agent will do so through a principal of
      Agent during normal business hours at the current hourly rates charged by
      Agent. 

	6.7  	
      Notwithstanding
      any of the foregoing provisions, the prior approval of the Owner will be
      required for any expenditure, which exceeds One Thousand Dollars
      ($1,000.00) in any one instance, for labor, materials, or otherwise in
      connection with the maintenance and repair of the Project, except for
      recurring expenses within the limits of the operating budget or for
      emergency repairs involving manifest danger to persons or property or
      required to avoid suspension of any necessary services to the Project.
      

	6.8  	
      It
      is further agreed that Owner will pay to Agent a surcharge in the amount
      of eighteen percent (18%) of the charge for supplies and independent
      contractors.

	7.  	
      UTILITIES,
      SERVICES & MAINTENANCE AGREEMENTS. Agent will, on behalf of and for
      Owner, make arrangements for water, electricity, gas, fuel, oil and sewage
      on the same basis as set forth for Maintenance &
    Repair.

	8.  	
      EMPLOYEES.
      Agent will determine the number, qualifications, and duties of personnel
      to be employees in the management of the Project. All such employees will
      be deemed employees of the Agent, not the Owner, unless they are the same,
      and will be hired, paid, supervised and discharged by the Agent. The
      compensation, including payroll taxes and fringe benefits of all employees
      will be within the Agent’s sole discretion.

	9.  	
      DISBURSEMENTS
      FROM MANAGEMENT ACCOUNT. From the funds received and deposited by Agent in
      the Management Account, Agent will make the disbursements explicitly or
      reasonably implicitly authorized by this Agreement when due and payable.
      The Management Account must maintain a $1,000.00 minimum balance. In the
      event that the balance in the ManagementAccount falls below $1,000.00 or
      at any time is insufficient to pay disbursements due, Agent will inform
      Owner thereof and Owner will remit to Agent sufficient funds to cover the
      deficiency. In no event will Agent be required to advance its own monies
      to pay disbursements. Agent is explicitly authorized to pay itself any
      management or other fees due it which are payable regardless of other
      amounts and accounts due and payable at the time.

3

 

	10.  	
      EMERGENCY
      ANSWERING SERVICE. Agent agrees to maintain a 24-hour emergency answering
      service at no additional cost to Owner. However, in the event an emergency
      maintenance call is necessary, Owner agrees to pay Agent the then current
      hourly rate for emergency personnel dispatched after normal business
      hours. For purposes of this Agreement, normal business hours are from 8:00
      a.m. to 5:00 p.m., Monday through Friday, excluding holidays. All charges
      are door to door.

	11.  	
      AGENT’S
      COMPENSATION. The compensation which the Agent shall be entitled to
      receive for management services performed under this Agreement shall be a
      fee in the amount of eight percent (8%) of collected rent or $150.00 per
      Project, whichever is greater. Condominium units are a flat $55.00 Per
      month each. The Owner shall pay such fee to the Agent monthly, not later
      than the thirtieth (30th)
      day of each month, unless otherwise agreed by the parties hereto. It is
      further understood that a one time $150.00 set up fee shall be assessed on
      each new Project.

	12.  	
      COMMISSION.
      Owner agrees to pay to Agent, as a commission, an amount equal to one full
      month’s rent for each tenancy secured. Such fee to be paid to Agent from
      Management Account, upon occupancy of tenant in said Unit. Such commission
      to be recorded on monthly statement. 

	13.  	
      INDEMNIFICATION.
      Agent will not be liable to Owner, occupants, licensees, invitees or
      trespassers and Owner will indemnify and defend Agent against and hold
      Agent harmless of and from: 

	13.1  	
      Any
      and all damages, costs and expenses, including but not limited to,
      reasonable attorney’s fees sustained or incurred for injury to any person
      or property in, about or in connection with the Project, from any cause
      whatsoever. 

	13.2  	
      Any
      and all damages, penalties, costs and/or expenses, statutory or otherwise,
      for all acts reasonably performed by Agent pursuant to Owner’s
      instructions, regardless of whether such actions are later viewed as
      grossly or willfully or wantonly negligent.

	13.3  	
      Determining
      the existence or non-existence of lead paint or toxic substances upon the
      Project in conformity with Massachusetts General Laws. Agent hereby
      advises and directs Owner to review with Owner’s counsel, Owner’s
      statutory obligation in the event that the presence of a toxic substance
      and/or lead paint is discovered upon the Project.

	13.4  	
      Any
      and all damages, costs, penalties and expenses, including but not limited
      to reasonable attorney’s fees, sustained or incurred by Agent as a result
      of the presence of or the threatened release of a toxic substance and/or
      lead paint upon the Project or damages occasioned to anyone residing or
      who resided or presented themselves upon the Project from the ingestion of
      or exposure to any toxic substance and/or lead paint or pain and suffering
      caused thereby including pain and suffering and loss of consortium claims
      by persons related to the injured party.

	13.5  	
      Any
      and all loss which Agent may incur, including but not limited to,
      reasonable attorney’s fees, as a result of the past, present or future
      existence of conditions on the Project, which may amount to violations of
      the state sanitary code, building code or local ordinances. Agent agrees
      to notify Owner of its actual knowledge of any violations so that Owner
      may maintain the premises in compliance with the aforesaid. Owner agrees
      to correct said conditions in a good and workmanlike manner and to
      maintain the premises in compliance with said regulations.
  

 

4

 

	14.  	
      TERM
      OF AGREEMENT. This Agreement shall continue from the date of this
      Agreement until either the Owner or the Agent terminates it, effective the
      last day of any month, by written notice to the other party, received
      thirty (30) days prior to the said date of termination, subject, however,
      to the following conditions:

	14.1  	
      In
      the event that a petition in bankruptcy is filed by or against Owner or
      any of the principals of Owner or by Agent or any of the principals of
      Agent, or in the event that any of the foregoing makes an assignment for
      the benefit of creditors or takes advantage of any insolvency act, the
      other party may terminate this Agreement forthwith provided that written
      notice of such is given. 

	14.2  	
      If
      Agent fails to observe or perform any provision, covenant or obligation of
      this Agreement to be observed or performed by Agent, where such failure
      continues for thirty (30) days after the receipt by the Agent of written
      notice thereof from the Owner; the Owner shall have the right to terminate
      this Agreement upon an additional thirty (30) days written notice to
      Agent.

	14.3  	
      If
      Owner fails to observe or perform any provision, covenant or obligation of
      this Agreement to be observed or performed by Owner, where such failure
      continues for thirty (30) days after written notice thereof from Agent;
      Agent shall have the right to terminate this Agreement at the end of said
      thirty (30) days without further obligation to Owner excepting lapse in
      insurance or failure to fund the Management Account in a timely manner
      which shall be cause for immediate
termination.

	15.  	
      INSURANCE.
      Owner shall maintain a complete program of insurance protection relating
      to the ownership and operation of the Project. Said policy of insurance
      will name Agent as a named insured and shall contain liability limits of
      no less than $500,000. Per incident of personal injury. A copy of said
      policy will be provided to Agent, on an annual basis, by Owner, In the
      event that Owner fails to procure said insurance, Agent is hereby
      authorized, but not obligated to do so and pay the costs thereof from the
      Management Account. Should Owner insurance lapse for any reason, this
      contract shall be void for the entire period of said
  lapse.

 

5

 

	16.  	
      FORCE
      MAJEURE. The provisions of this paragraph shall be applicable if there
      shall occur, during the term of this Agreement, any strike, lockout, or
      labor dispute; inability to obtain labor or materials or reasonable
      substitute thereof; inability in obtaining fuel, electricity, services or
      supplies from the sources from which they are normally obtained or from
      reasonably comparable substitute sources; or act of God, governmental
      restriction, regulation, or control, enemy or hostile governmental action,
      civil commotion, insurrection, revolution, sabotage, or fire or other
      casualty or any other condition or cause beyond the reasonable control of
      Agent. If Agent shall, as the result of any such event, fail reasonably to
      perform any obligation required hereunder, then such obligation shall be
      reasonably performed as soon as practicable after such event
      abates.

	17.  	
      ARBITRATION.
      Except for actions seeking only injunctive relief, all disputes and
      controversies arising out of or in connection with this Agreement shall be
      submitted to arbitration according to the following
    procedure:

	17.1  	
      Either
      party may demand arbitration in writing. The demand shall include a
      statement of the matter in controversy. 

	17.2  	
      The
      parties agree to hold the arbitration hearings in Springfield,
      Massachusetts.

	17.3  	
      In
      all cases where less than Fifty Thousand Dollars ($50,000.00) is in
      dispute: The arbitration shall be held on thirty (30) days notice. During
      said thirty (30) day period, the parties shall cooperate with each other
      by providing each other all documents and other tangible evidence which is
      reasonably relevant to the matter in dispute. Any failure or refusal of a
      party to comply with a discovery request under the provisions of this
      section shall be taken into evidence by the arbitrator and the effect
      thereof considered by that arbitrator in forming an award, including, but
      not limited to, denying an award or portions thereof. One arbitrator shall
      preside over the arbitration proceedings. The Arbitration Committee of the
      American Arbitration Association shall appoint an arbitrator within thirty
      (30) days of receiving the written submission. Such arbitrator shall be an
      attorney with no less than ten (10) years experience in commercial
      transactions except that no attorney who has represented any party to this
      Agreement shall be appointed as an arbitrator and each party to this
      Agreement reserves the right to object to the appointment of any such
      arbitrator. 

 

6

 

	17.4  	
      In
      all cases where Fifty Thousand Dollars ($50,000.00) or more is in dispute:
      The arbitration hearing shall be held on sixty (60) days written notice.
      During said sixty (60) day period, the parties shall cooperate with each
      other by providing each other all documents and other tangible evidence
      which is reasonably relevant to the matter in dispute. Upon no less than
      ten (10) days notice each party shall make witnesses available to the
      other for deposition under oath. Any failure or refusal of a party to
      comply with a discovery request under the provisions of this section shall
      be taken into evidence by the arbitrator and the effect thereof considered
      by that arbitrator in forming an award, including, but not limited to,
      denying an award or portions thereof. One arbitrator shall preside over
      the arbitration proceedings. The Arbitration Committee of the American
      Arbitration Association shall appoint an arbitrator within thirty (30)
      days of receiving the written submission. Such arbitrator shall be an
      attorney with no less than ten (10) years experience in commercial
      transactions except that no attorney who has represented any party to this
      Agreement shall be appointed as an arbitrator and each party to this
      Agreement reserves the right to object to the appointment of any such
      arbitrator. 

	17.5  	
      The
      commercial arbitration rules of the American Arbitration Association are
      hereby incorporated by reference. Notwithstanding any provision of those
      rules or any other rule or law, punitive damages are not recoverable
      against any party to this Contract. The arbitrator(s) is not empowered to
      grant damages in any form or amount in excess of the payments required
      under this Contract.

	17.6  	
      The
      arbitration hearing shall be concluded within thirty (30) days unless
      otherwise ordered by the arbitrator, and the award thereon shall be made
      within thirty (30) days and shall be final and binding on all parties.
      Subject to the requirement for the payment of attorney fees in accordance
      with Paragraph 17.9 of this Agreement, Judgment on such award may be
      entered in any court in Massachusetts having jurisdiction if the amount
      awarded or any portion thereof (including interest or fees) remains unpaid
      after Ten (10) Days from the date of the award.

	17.7  	
      This
      arbitration provision shall be a complete defense to any suit, action or
      proceeding brought under, or in connection with, this Agreement. This
      arbitration provision shall survive the termination or expiration of this
      Agreement. 

	17.8  	
      Nothing
      in this arbitration provision shall give the arbitrator any authority to
      alter, change, amend, modify, add to or subtract from any provision of
      this Agreement.

	17.9  	
      Any
      award made by the arbitrator shall include a requirement that the losing
      party pay the prevailing party’s reasonable expenses, including reasonable
      legal fees incurred in the prosecution of the arbitration (including, if
      greater than the hourly charges, any contingent fee), except that if a
      party is awarded less than Fifty (50%) Percent of the amount originally
      claimed by that party as due, then no award of expenses or attorney fees
      shall be made. 

	17.10  	
      Any
      award made by the arbitrator shall include an award of interest at the
      rate of no less than Twelve (12%) Percent from the date the amount awarded
      or any portion thereof was due. 

 

7

 

	18.  	
      STANDARD
      APPLICABLE TO AGENT. Agent’s actions under this Agreement or in connection
      with the operation and management of the Project otherwise, shall be
      measured by Agent’s actual knowledge at the time Agent decided to act or
      not act. Owner understands and agrees that Agent is not an insurer or
      guarantor of the Project and that Agent has not and does not promise Owner
      that there will be any return or profit from the
  Project.

	19.  	
      GENERAL.

	19.1  	
      This
      Agreement shall be enforced under, governed by and construed in accordance
      with the laws of the Commonwealth of Massachusetts. Any provision which is
      prohibited or unenforceable in any jurisdiction shall, as to such
      jurisdiction, be ineffective to the extent of such prohibition or
      unenforceability without invalidating the remaining provisions hereof, and
      any such prohibition or unenforceability in any jurisdiction shall not
      invalidate or render unenforceable such provision in any other
      jurisdiction. To the extent permitted by applicable law, Agent and Owner
      hereby waive any provision of law which renders any provision hereof
      prohibited or unenforceable in any respect.

	19.2  	
      No
      term or provision of this Agreement may be changed, waived, discharged or
      terminated orally, but only by an instrument of equal formality signed by
      duly authorized officers of the parties
hereof.

	19.3  	
      No
      waiver of any breach of any provision of this Agreement shall constitute a
      waiver of any subsequent breach of the same or any other provision of this
      Agreement and no waiver shall be effective unless made in
      writing.

	19.4  	
      This
      Agreement embodies the entire understanding of the parties and there are
      no further or other agreements or understandings, written or oral, in
      effect between the parties relating to the subject matter hereof. The
      division of this Agreement into paragraphs and sections is only a matter
      of convenience for reference and shall not define or limit any of the
      terms or provisions hereof. Any term used in the singular shall be deemed
      to include the plural when the context of its use is so required. The fact
      that the working of this Agreement has been provided by one party or the
      other shall not be taken into consideration in the construction or
      interpretation of this Agreement. 

	19.5  	
      Each
      of Owner and Agent hereby represents to the other that it is authorized to
      enter into this Agreement and that the individual signing this Agreement
      in its behalf is likewise fully authorized to do so.

 

	20.  	
      LAWN
      CARE AND SNOW REMOVAL. 

Does the
Owner want Lessard Property Management, Inc. to effectuate lawn care at the
property?

YES_____________
NO____X_________

Does the
Owner want Lessard Property Management, Inc. to effectuate snow removal at the
property?

YES_____________
NO____X_________

 

8

 

	 	 	 
	 	
	 
 	 
 	 
 
		By:  	/s/ Paul
      Lessard
	 	
      

      Paul Lessard
	 	President

 

	 	 	 
	 	
	 
 	 
 	 
 
		By:  	/s/ Duane Bennett
	 	
      

      Duane Bennett
	 	Owner

 

	 	 	 
	 	
	 
 	 
 	 
 
		 	
	 	
      

      Owner’s SSN or TAX ID #
	 	

 

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]