Document:

ex10_1.htm

     

    Exhibit
10.1

    STOCK
PURCHASE AGREEMENT

    

    This Agreement (“Agreement”) made as of this
29th
day of October, 2008, by and between Pablo Torres majority shareholder of
Phillips Real Estate Services, Inc. (“Seller”) and Montgomery Real
Estate Service, Inc. (“Buyer”) as to the facts set
forth below:

    

    WITNESSETH:

    

    WHEREAS, the Seller desires to
sell 20,000,000 shares of Philips Real Estate Services, Inc. (“Philips”) common stock in
exchange for 250,000 shares of Buyer’s common stock (“Subject Stock”) and $5,000;
and

    WHEREAS, the Buyer desires to
buy 20,000,000 shares of Philips commons stock in exchange for 250,000 shares of
Buyer’s common stock and $5,000; and

    WHEREAS, the Buyer and Seller
agree and desire Philips to become a wholly owned subsidiary of the Buyer;
and

    WHEREAS, the Buyer and Seller
agree that the mortgage for 68-70 Cochran Street located in Chicopee
Massachusetts (“Property”) will continue to
be the personal responsibility of the Seller until paid in full by the Seller;
and

    WHEREAS, the Buyer and Seller
agree that 100,000 shares of the Subject Stock shall be sold at a mutually
acceptable price and the proceeds shall be used exclusively to pay principal and
interest owed on the mortgage for the Property.

    WHEREAS, The Buyer and Seller
agree that all rental proceeds shall be collected by and controlled by the
Seller until the Property is resold, and any negative cash flows for repairs or
expenses whatsoever shall be the sole responsibility of the Seller and in the
event cash flow after all expenses exceeds 20%, the Buyer and the Seller will
equally share the proceeds, and upon liquidation of this Property after
expenses, the Seller will receive 25% of the capital gains profit and the Buyer
will receive 75% of the capital gains profit.

    WHEREAS, The Buyer and Seller
agree that in the event the Seller is incapable of managing the Property, then
the Buyer will hire a professional property management company to manage the day
to day operations, at the Seller’s expense.

    NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and
valuable consideration the adequacy and receipt of which is hereby
acknowledged,

    

    IT IS AGREED, as follows:

    

    1.           Seller
agrees to sell, and Buyer agrees to purchase from Seller, 20,000,000 shares
Philips common stock in exchange for the Subject Stock and $5,000 so that
Philips becomes a wholly owned subsidiary of the Buyer.

    

    The funds
are due within two business days of signing this Agreement. All shares are to be
delivered to the Buyer and Seller via FedEx immediately upon receiving cleared
funds from the Buyer.

    

    2.           The
Closing contemplated hereby will occur on or before the 15th day of November
2008.  In the event that Closing does not occur, this Agreement will
expire. This Agreement may be extended for an additional seven days by written
agreement from both the Buyer and the Seller.

    

    3.  The
Buyer and Seller agree that the mortgage for the Property will continue to be
the personal responsibility of the Seller until paid in full by the
Seller.  Of the 250,000 shares of Subject Stock 100,000 shares shall
be sold at a mutually acceptable price and the proceeds shall be used
exclusively to pay principal and interest owed on the mortgage for the
Property.  Within 3 business days of receipt of the Subject Shares the
Seller shall open an account at a reputable brokerage house in the name of both
the Buyer and Seller and deposit the Subject Shares for sale.

    

    4.  Property
Management

    

    
      	
              a.  

            	
              All
      rental proceeds from the Property shall be collected by and controlled by
      the Seller until the Property is
resold.

            

    

    
      	
              b.  

            	
              Any
      negative cash flows for repairs or expenses on the Property whatsoever
      shall be the sole responsibility of the
Seller.

            

    

    
      	
              c.  

            	
              In
      the event cash flow from the Property after all expenses exceeds 20%, the
      Buyer and the Seller will equally share the
  proceeds.

            

    

    
      	
              d.  

            	
              Upon
      liquidation of the Property, after expenses, the Seller will receive 25%
      of the capital gains profit and the Buyer will receive 75% of the capital
      gains profit from the sale.

            

    

    
      	
              e.  

            	
              If
      in the sole opinion of the Buyer, the Seller is deemed incapable of
      managing the Property, then the Buyer will hire a professional property
      management company to manage the day to day operations, at the Seller’s
      expense.

            

    

    

    5.           REPRESENTATIONS AND
WARRANTIES:   The undersigned Buyer hereby represents and
warrants to Seller:

    

    
      	
              a.  

            	
              The
      undersigned Buyer is acquiring the stock solely for investment for his or
      her own account and not with a view to, or for, resale in connection with
      any distribution within the meaning of any federal securities act, state
      securities act or any other applicable federal or state
    laws;

            

    

    
      	
              b.  

            	
              The
      undersigned Buyer understands the speculative nature and risks of
      investments associated with the stock, and confirms that the stock would
      be suitable and consistent with his or her investment program; that his or
      her financial position enables him or her to bear the risks of this
      investment; and, that there is no public market for the stock subscribed
      for herein;

            

    

    
      	
              c.  

            	
              The
      stock purchased herein may not be transferred, encumbered, sold,
      hypothecated, or otherwise disposed of, if such disposition will violate
      any federal and/or state securities acts.  Disposition shall
      include, but is not limited to acts of selling, assigning, transferring,
      pledging, encumbering, hypothecating, giving, and any form of conveying,
      whether voluntary or not;

            

    

    
      	
              d.  

            	
              To
      the extent that any federal, and/or state securities laws shall require,
      the Buyer hereby agrees that the stock acquired pursuant to this Agreement
      shall be without preference as to
assets;

            

    

    
      	
              e.  

            	
              The
      Buyer is aware that Philips is under no obligation to register or seek an
      exemption under any federal securities act, state securities act, or any
      foreign securities act for the stock of Philips or to cause or permit such
      stock to be transferred in the absence of any such registration or
      exemption;

            

    

    
      	
              f.  

            	
              The
      Buyer has adequate means of providing for his current needs and personal
      contingencies and has no need to sell the shares in the foreseeable future
      (that is at the time of the investment, Buyer can afford to hold the
      investment for an indefinite period of
time);

            

    

    
      	
              g.  

            	
              The
      Buyer has sufficient knowledge and experience in financial matters to
      evaluate the merits and risks of this investment and further, the Buyer is
      capable of reading and interpreting financial statements;
    and

            

    

    
      	
              h.  

            	
              The
      Buyer is not a member of, or an associate or affiliate of a member of the
      National Association of Securities
Dealers.

            

    

    
      	
              i.  

            	
              Buyer,
      and his agents, attorneys and advisors, have conducted their own due
      diligence on Philips, its past history, and its current state.  They
      have inspected SEC filings, the corporate minutes, and the charter
      documents.  Buyer is buying the shares “as is”, with no
      representations made by the Seller as to the affairs or viability of the
      company, or as to assets, liabilities, or outstanding securities of
      Philips, and Buyer, on behalf of him selves and his successors in
      interest, (if any), hereby acknowledges and agrees by his execution of
      this Agreement that Seller is making no representations in this
      regard.

            

    

    

    6.           This
Agreement represents the entire understanding between the Buyer and Seller and
supersedes all prior written or oral agreements, if any.

    

    6.           This
Agreement may not be modified or changed unless in writing signed by the Buyer
and Seller.

    

    7.           The
headings in this Agreement are for convenience and shall not be used to
interpret any of the provisions of this Agreement.

    

    8.           No
waiver of any provision of this Agreement shall be effective and binding unless
signed in writing by the Buyer and/or Seller charged with such
waiver.

    

    9.           This
Agreement shall be construed and enforced under and pursuant to the laws of the
State of Nevada.

    

    10.           This
Agreement shall be binding upon Buyer and Seller and their
successors.

    

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

    

    SELLER:                                                                           BUYER:

    

    
      	
              PABLO
      TORRES

            	
              MONTGOMERY
      REAL ESTATE SERVICE, INC.

            

    

    

    

    Signed:
/s/ Pablo
Torres                                                                           By:
/s/ Duane Bennett

    Pablo Torres,
Individual                                                                           Duane
Bennett, Presidentex10_2.htm

    Exhibit
10.2

    

    PABLO
TORRES

    RESIDENTIAL
PROPERTY MANAGEMENT AGREEMENT

    

    This
agreement made as of the 29th day of
October 2008 by and between Phillips Real Estate Services, Inc.
(hereinafter referred to as the "Owner"), and Pablo Torres. (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:
Phillips Real Estate Services, Inc.

    OWNER' S
ADDRESS:                                                       

    

    

    OWNER'S
PHONE:

    PROPERTY
LOCATION:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        	
                                                68-70
      Cochrin St. Chicopee, MA

                                              	 
      	 
      	 
      	
                                                mgmt.
      acct # 00001

                                              
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    NO, OF
DWELLING UNITS:

    MANAGEMENT
ACCOUNT NUMBER: 1

     

    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 #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:
Agent is responsible for all his own maintenance with the exception of emergency
situations and after hours calls.

    

    6.1      Agent
employs his own maintenance person who is not an employee or under the control
of the Owner.

    

    6.2      Agent
agrees to indemnify and defend the Owner against any and all actions arising
from the activities of the Agent’s own employees.

    

    6.3      Agent
may from time to time hire the Owner for specific repairs.

    

    6.4      Notwithstanding
any of the foregoing provisions, the prior approval of the Owner will be
requited for any expenditure, which exceeds Five Hundred Dollars, $500.00 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.

     

    6.5      It
is further agreed that Owner will pay to Agent a surcharge in the amount of
fifteen percent (15%) 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 $500,00
minimum balance. In the event that the balance in the Management Account
falls below $500.00 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.

    

    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
am. 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 $100.00 per Project,
whichever is greater   Condominium units ate a flat $45.00 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 $100.00 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 unless such injury shall be caused by Agent's own actual
gross negligence.

    

    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 Reject 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.

    

    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.

    

    16.FORCE
MAJEURE. The provisions of this paragraph shall be applicable if there shall
occur, during the term of this Agreement, any strike, lookout, 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 and  the demand shall include
a statement of the matter in controversy.

    

    17
2 The parties agree to hold the arbitration hearings in Las Vegas
Nevada.

    

    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.

    

    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 patty
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 framing an award, including, but not
limited to, denying an award or positions 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 arbitrators) 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.

    

    17,6 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 patty
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.

    

    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 tender 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 shall not be taken into
consideration in the construction or interpretation of this
Agreement.

    

    
      	
              20.  

            	
              LAWN
      CARE AND SNOW REMOVAL

            

    

    .

    Does the
Owner want Pablo Torres to effectuate lawn care at the property?

     

    YES                                
NO            X           

     

    Does the
Owner want Pablo Torres to effectuate snow removal at the property?

     

    YES                                
NO            X           

    

     

    Accepted
and Agreed as of the first date above.

    PABLO
TORRES (“Agent”)

    

    Signed:
/s/Pablo Torres

    

    PHILLIPS
REAL ESTATE SERVICES, INC. (“Owner”)

    

    By: /s/
Pablo Torres

    President

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