Exhibit 10.3
Xxxxx Investment Group, Inc.
0000 Xxxxxx xx xxx Xxxxx
Xxxxx 000
Xxx Xxxxxxx, XX 00000
June 15, 2001
Xxxxx Property Group, Inc.
0000 Xxxxxx xx xxx Xxxxx
Xxxxx 000
Xxx Xxxxxxx, XX 00000
Re: Office Space and Services Sharing Agreement
Gentlemen:
We are writing to confirm our agreement as follows:
1. We shall furnish you with approximately one-third (1/3) of our office space
at the above address for your administrative and executive offices.
2. We shall supply you with reasonable clerical, administrative, secretarial
and reception services during normal business hours on an as needed basis.
3. You shall pay us the sum of Twelve Thousand Five Hundred Dollars ($12,500)
per month, payable in advance, commencing on the Commencement Date. The
Commencement Date shall be the date on which your initial public offering
is declared effective by the Securities and Exchange Commission.
4. This agreement shall be for a term of twelve (12) months, and shall
continue thereafter on a monthly basis unless terminated by either of us on
not less than thirty (30) days notice.
Please sign below to indicate your acceptance of this arrangement.
Sincerely,
Xxxxx Investment Group, Inc.
By: ______________________________
Xxx Xxxxx, President/CEO
ACCEPTED:
Xxxxx Property Group, Inc.
By: __________________________
Xxx Xxxxx, President/CEO
