Exhibit 10.1
AGREEMENT
THIS AGREEMENT is made this 20th day of February, 2008, by and between 1st & 10 Properties, Corp., and 1st & 10 Investment Corp.
As it will be so stated in THIS AGREEMENT, 1st & 10 Investment Corp., will be the exclusive property management company for 1st & 10 Properties, Corp., acting as a fully functioning company in the following manner.
1. | To collect all rents due by the tenants |
2. | To provide all property related services to tenant. |
3. | To work in a coordinated working relationship with all associations related to the rented properties. |
4. | To keep accurate records of all income and outward expenses related to the rented properties. |
5. | To supply adequate personnel to cover all functions stated above. |
6. | 1st & 10 Investment Corp will be compensated by the prevailing market commission rate for services rendered. |
By virtue of THIS AGREEMENT, and as evidenced by the signatures below, this instrument shall be binding and interpreted according to the laws of Florida. This agreement shall be binding for a minimum of no less than twelve months of the effective date and shall terminate upon discretion of Joseph Kandel, CEO of 1st & 10 Properties, Corp, or as determined by a majority vote of the Board of Directors of 1st & 10 Properties, Corp or as otherwise designated.
/s/ Barbara Shapiro 2/20/08 | /s/ Joseph Kandel 2/20/08 |
On behalf of 1st & 10 Properties, Corp./Date | On behalf of 1st & 10 Investment Corp./Date |
Barbara Shapiro | Joseph Kandel |