PROPERTY MANAGEMENT

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This Agreement is made [date], between [name], a [state] corporation having an office at [address] (owner), and [name], a [state] corporation having an office at [address] (Manager). 1.02 Premises. Owner is the fee owner and has sole control over a parcel of land in [shire, state], described in Exhibit A [omitted], and all improvements located on it, which is generally referred to as [address] (Property). 1.03 Employment as Manager. Owner agrees to employ Manager to operate the Property as exclusive manager, and Manager agrees to accept such employ, on the terms provided in this Agreement. Manager shall be an independent contractor vis-a-vis Owner. No representation will be made by either party to anyone that Manager is other than an independent contractor. The obligations and expenses incurred by Manager in accord with this Agreement are on behalf of and for the account of Owner (except as this Agreement otherwise specifically provides). Article II PROPERTY MANAGEMENT SERVICES AND DUTIES 2.01 Maintenance. a. Condition of Property.

Owner is the fee holder and has sole governor over a piece of land in [shire, imperial], term in Exhibit A [snubbed], and all improvements set on it, which is by and large referred to as [statement] (Property). 1.03 Employment as Manager. Owner agrees to employment Manager to control the Property as exclusive director, and Manager agrees to agree to take such employ, on the terms if in this Agreement. Manager shall be an unfettered supplier vis-a-vis Owner. No illustration will be made by either delegation to anyone that Manager is other than an self-sufficient contractor. The obligations and expenses sustain by Manager in harmony with this Agreement are on behalf of and for the explanation of Owner (except as this Agreement otherwise exactly endow). Article II PROPERTY MANAGEMENT SERVICES AND DUTIES 2.01 Maintenance. a. Condition of Property. Manager shall reason the Property to be claimed in a first flair stipulation at all era. b. Expenditure Approval. Any outlay in spare of ---- dollars ($---) shall be made by Manager only with the prior printed sanction of Owner.

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