PROPERTY MANAGEMENT SERVICES AGREEMENT
Exhibit 10(g)
PROPERTY MANAGEMENT SERVICES AGREEMENT
AGREEMENT, entered into this 1st day of July, 2003 by and between Xxxxxxx International, Inc., an Indiana corporation with principal offices located at 0000 Xxxxx Xxxxxx, Xxxxxx, Xxxxxxx 00000 (hereinafter "XXXXXXX"), and Xxxxxx X. Xxxxx (hereinafter "Xxx").
WHEREAS, XXXXXXX requires property management services regarding mineral, hunting, and gas leases for its woodland properties and specifically those properties located in Sturgis and Lapland, Kentucky (hereinafter all such services referred to as the "Work"), and;
WHEREAS, XXXXXXX desires to engage Xxx, and
WHEREAS, Xxx had begun such work prior to his retirement from Xxxxxxx in June 2003 and thus uniquely possesses the requisite expertise and experience to properly complete the Work.
NOW THEREFORE, it is hereby agreed by the parties as follows;
- Performance of Work/Compensation
Xxx agrees to complete the Work to XXXXXXX'x reasonable satisfaction. Xxx will make periodic reporting to the Chief Executive Officer of XXXXXXX regarding the progress of the Work. Xxx will be compensated for performing the Work at the rate of $175 per hour plus reasonable expenses and will submit monthly statements for the Work performed and expenses incurred.
- Safety
Xxx shall assume all risk for any accidents or injuries suffered by him in performance of the Work.
- Independent Contractor Status
Nothing in this Agreement shall be construed as establishing an employment, partnership or agency relationship between Xxx and XXXXXXX.
- Governing Law
The parties hereto expressly agree that all disputes, controversies or claims arising hereunder, and the interpretation of any of the provisions or the performance called for hereunder, shall be governed and determined by the laws of the State of Indiana, and any suit or action at law or in equity involving a dispute, controversy or claim arising hereunder shall be brought and maintained by either party in a federal or state court located in the State of Indiana only.
- Term
The term of this Agreement shall be two (2) years. However, either party may terminate this Agreement at any time for any reason upon thirty (30) days written notice to the other.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.
| XXXXXX X. XXXXX | Xxxxxxx International, Inc. | |
| ("XXX") | ("XXXXXXX") | |
| /s/ Xxxxxx X. Xxxxx | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx | ||
| Chief Executive Officer |
