Contract
Exhibit 99.29
AGREEMENT made this 30th day of September, 1953, among XXXXX X. XXXXXXXX, residing at Silvermine Avenue (no street number), Norwalk, Connecticut, hereinafter called the “Agent”; XXXXXXXX X. WIEN, residing at Weston Road (no street number), Weston, Connecticut; XXXXXX X. XXXXXXXXX, residing at 0000 Xxxxxxxxxx Xxxxxx, Xxxxx, Xxx Xxxx; XXXXXXX X. XXXXX, residing at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXXXX X. XXXXXX, XX., residing at Old Rockland Road (no street number), Libertyville, Illinois; XXXXX XXXX, residing at 000 Xxxxx Xxxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXXXXX X. XXXX, residing at 000 Xxxxx Xxxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXX X. XXXXXXXX, residing at 0 Xxxxxxxxxx Xxxxx, Xxxxx Xxxxxxx, Xxxxxxxxxxx; XXXXXX XXXXX, residing at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx; XXXXXXX. XXXXXXXX, residing at 000 Xxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxx; XXXXXX X. XXXXX, residing at 000 Xxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxxx; XXXX XXXXXX, residing at 00 Xxxxxxxxxx Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx; XXXXXX X. XxXXXXXXXX, residing at Twin Falls Lane, (no street number), Westport, Connecticut; XXXXXX XXXXX, residing at 000 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXXXX X. XXXXXXX, residing at 000 Xxxxxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxxxxx; XXXXXX XXXXXX, residing at 00-00 000xx Xxxxxx, Xxxxxxxx, Xxx Xxxx; XXX XXXXX, residing at Main Avenue (no street number), Norwalk, Connecticut; XXXX X. XXXXXXX, residing at 0 Xxxx Xxxxx, Xxxxx Xxxxxxx, Xxxxxxxxxxx; XXXXXX XXXXXXX, residing at 00 Xxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXXXXXX XXXXXXX, residing at 00 Xxxx Xxxxx Xxxxxx, Xxx Xxxxxx, Xxxxxxxxxxx; XXXXX XXXXXXX, residing at 00 Xxxx Xxxxx Xxxxxx;, Xxx Xxxxxx, Xxxxxxxxxxx; XXXXXX X. XXXXXXXXXX, residing at 00 Xxxxxxxxxx Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXXX XXXXXXX, residing at 000 Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXXXX XXXXXXX, residing at Dogwood Lane (no street number), Stamford, Connecticut; XXXXXX XXXXXXX, residing at Dogwood Lane (no street number). Stamford, Connecticut; XXXXXX XXXXXXXXX, residing at 000 Xxxx Xxxxxxxxxxx Xxxx, Xxxxx, Xxx Xxxx; XXXX X. XXXXXXXXX, residing at 0 Xxxx Xxxxx, Xxxxx Xxxxxxx, Xxxxxxxxxxx; XXXXX X. XXXXXXX, residing at Old Greenwich, (no street address), Connecticut; XXXX XXXXXXX, residing at 0000 Xxxxxxx Xxxxxx, Xxxxx, Xxx Xxxx; XXXXXXXX X. XXXXXX, residing at 00 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, Xxxxxxxxxxx; XXXXX X. XXXXXXX, residing at 0 Xxxxxxxxx Xxxx, Xxxxxxx, Connecticut; XXXX X. XXXXXXXX, residing at 00 Xxxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxxxxxx; XXXXX XXXXXXXXX, residing at 00 Xxxxxxxxxx Xxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXX XXXXXX, residing at 0 Xxxxxx Xxxxxxx, Xxx Xxxx, Xxx Xxxx; XXXXX XXXXXX, residing at 0 Xxxxxx Xxxxxxx, Xxx Xxxx, Xxx Xxxx; XXXXXXX X. XXXXXX, residing at 00 Xxxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXX X. XXXXX, residing at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx; XXXXXX X. X’XXXXX, residing at 00 Xxxxxxx Xxxxxxxxx, Xxxx Xxxxxxx, Xxxxxxxxxxx; XXXXXXX X. XXXXXX, residing at 0000 Xxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxx; XXXXX X. XXXXXX, residing at 0000 Xxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxx; XXXXXX XXXXXXXXX, residing at 00 Xxxxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx; XXXXX XXXXXX, residing at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx; XXXXXXX X. XXXXXX, residing at Xxxx Xxxx (no street address), Wilton, Connecticut; XXX XXXXXX, residing at 00 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx; XXX X. XXXXXXXXX, residing at 00 Xxxxxx Xxxxxx, Xxxxx Xxxxxxx, Xxxxxxxxxxx; XXXXXXX XXXXXXXXX, residing at 000 Xxxxxx Xxxxxx, Xxxxxxxx, Xxx Xxxx; and XXXXXX X. XXXXXXX, residing at Mayflower Parkway (no street number), Westport, Connecticut.
W I T N E S S E T H:
WHEREAS, the Agent is or will be the owner of an undivided one-tenth (1/10) interest in the land and building known as the Xxxx Building at 000-000 Xxxx 00xx Xxxxxx, xx the Borough of Manhattan, City, County and State of New York, which interest is herein referred to as “The Property”; and
WHEREAS, the parties hereto have arranged to share the ownership of The Property, and wish to define their rights and obligations with respect thereto;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:
FIRST: A joint venture is hereby formed which shall own The Property. It is acknowledged that each of the parties has contributed to the cost of The Property the amount indicated below:
Xxxxx X. Xxxxxxxx |
$ | 5,000.00 | Xxxx Xxxxxx | $ | 10,000.00 | |||||
Xxxxxxxx X. Wien |
45,000.00 | Xxxxxx X. XxXxxxxxxx | 10,000.00 | |||||||
Xxxxxx X. Xxxxxxxxx |
15,000.00 | Xxxxxx Xxxxx | 10,000.00 | |||||||
Xxxxxxx X. Xxxxx |
15,000.00 | Xxxxxx X. Xxxxxxx | 10,000.00 | |||||||
Xxxxxx X. Xxxxxx, Xx. |
10,000.00 | Xxxxxx Xxxxxx | 10,000.00 | |||||||
Xxxxx Xxxx |
10,000.00 | Xxx Xxxxx | 10,000.00 | |||||||
Xxxxxxx X. Xxxx |
10,000.00 | Xxxx X. Xxxxxxx | 5,000.00 | |||||||
Xxxx X. Xxxxxxxx |
10,000.00 | Xxxxxx Xxxxxxx | 5,000.00 | |||||||
Xxxxxx Xxxxx |
10,000.00 | Xxxxxxxx Xxxxxxx | 5,000.00 | |||||||
Xxxxxxx Xxxxxxxx |
10,000.00 | Xxxxx Xxxxxxx | 5,000.00 | |||||||
Xxxxxx X. Xxxxx |
10,000.00 | Xxxxxx X. Xxxxxxxxxx | 5,000.00 | |||||||
Xxxxx Xxxxxxx |
$ | 5,000.00 | Xxxxxxx X. Xxxxxx | $ | 5,000.00 | |||||
Xxxxxx Xxxxxxx |
5,000.00 | Xxxx X. Xxxxx | 5,000.00 | |||||||
Xxxxxx Xxxxxxx |
5,000.00 | Xxxxxx X. X’Xxxxx | 5,000.00 | |||||||
Xxxxxx Xxxxxxxxx |
5,000.00 | Xxxxxxx X. Xxxxxx | 5,000.00 | |||||||
Xxxx X. Xxxxxxxxx |
5,000.00 | Xxxxx X. Xxxxxx | 5,000.00 | |||||||
Xxxxx X. Xxxxxxx |
5,000.00 | Xxxxxx Xxxxxxxxx | 5,000.00 | |||||||
Xxxx Xxxxxxx |
5,000.00 | Xxxxx Xxxxxx | 5,000.00 | |||||||
Xxxxxxxx X. Xxxxxx |
5,000.00 | Xxxxxxx X. Xxxxxx | 5,000.00 | |||||||
Xxxxx X. Xxxxxxx |
5,000.00 | Xxx Xxxxxx | 5,000.00 | |||||||
Xxxx X. Xxxxxxxx |
5,000.00 | Xxx X. Xxxxxxxxx | 5,000.00 | |||||||
Xxxxx Xxxxxxxxx |
5,000.00 | Xxxxxxx Xxxxxxxxx | 5,000.00 | |||||||
Xxxx Xxxxxx |
5,000.00 | Xxxxxx X. Xxxxxxx | 5,000.00 | |||||||
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Xxxxx Xxxxxx |
5,000.00 | $ | 360,000.00 |
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SECOND: The parties acknowledge that The Property is owned by them in undivided fractional parts as follows:
Xxxxx X. Xxxxxxxx |
1/72 | Xxxx Xxxxxx | 2/72 | |||||||
Xxxxxxxx X. Wien |
9/72 | Xxxxxx X. XxXxxxxxxx | 2/72 | |||||||
Xxxxxx X. Xxxxxxxxx |
3/72 | Xxxxxx Xxxxx | 2/72 | |||||||
Xxxxxxx X. Xxxxx |
3/72 | Xxxxxx X. Xxxxxxx | 2/72 | |||||||
Xxxxxx X. Xxxxxx, Xx. |
2/72 | Xxxxxx Xxxxxx | 2/72 | |||||||
Xxxxx Xxxx |
2/72 | Xxx Xxxxx | 2/72 | |||||||
Xxxxxxx X. Xxxx |
2/72 | Xxxx X. Xxxxxxx | 1/72 | |||||||
Xxxx X. Xxxxxxxx |
2/72 | Xxxxxx Xxxxxxx | 1/72 | |||||||
Xxxxxx Xxxxx |
2/72 | Xxxxxxxx Xxxxxxx | 1/72 | |||||||
Xxxxxxx Xxxxxxxx |
2/72 | Xxxxx Breslov | 1/72 | |||||||
Xxxxxx X. Xxxxx |
2/72 | Xxxxxx X. Xxxxxxxxxx | 1/72 | |||||||
Xxxxx Xxxxxxx |
1/72 | Xxxxxxx X. Xxxxxx | 1/72 | |||||||
Xxxxxx Xxxxxxx |
1/72 | Xxxx X. Xxxxx | 1/72 | |||||||
Xxxxxx Xxxxxxx |
1/72 | Xxxxxx X. X’Xxxxx | 1/72 | |||||||
Xxxxxx Xxxxxxxxx |
1/72 | Xxxxxxx X. Xxxxxx | 1/72 | |||||||
Xxxx X. Xxxxxxxxx |
1/72 | Xxxxx X. Xxxxxx | 1/72 | |||||||
Xxxxx X. Xxxxxxx |
1/72 | Xxxxxx Xxxxxxxxx | 1/72 | |||||||
Xxxx Xxxxxxx |
1/72 | Xxxxx Xxxxxx | 1/72 | |||||||
Xxxxxxxx X. Xxxxxx |
1/72 | Xxxxxxx X. Xxxxxx | 1/72 | |||||||
Xxxxx X. Xxxxxxx |
1/72 | Xxx Xxxxxx | 1/72 | |||||||
Xxxx x. Xxxxxxxx |
1/72 | Xxx X. Xxxxxxxxx | 1/72 | |||||||
Xxxxx Xxxxxxxxx |
1/72 | Xxxxxxx Xxxxxxxxx | 1/72 | |||||||
Xxxx Xxxxxx |
1/72 | Xxxxxx X. Xxxxxxx | 1/72 | |||||||
Xxxxx Xxxxxx |
1/72 |
THIRD: The joint venture shall continue until The Property shall have been disposed of, in accordance with Paragraph “Fifth” hereof.
FOURTH: The record title to The Property shall remain in the name of Xxxxx X. Xxxxxxxx, but he shall act as Agent for the joint venture in such ownership, and all profits and losses arising from the ownership of The Property shall be shared by the parties in proportion to their respective fractional interests. The Agent shall have the power to deal with The Property as though he were the sole owner thereof, subject, however, to the terms of this agreement. Any action taken by the Agent with respect to The Property shall bind the joint venture. The Agent shall receive no compensation for acting as the representative of the parties.
FIFTH: The Agent shall not agree to sell, mortgage or transfer The Property, nor to modify any existing lease affecting the aforesaid premises, nor to make any new lease affecting the same, without the consent of the parties owning at least three-fourths (3/4) of The Property.
SIXTH: The Agent shall not be personally liable for any act performed in good faith, nor for anything save willful misconduct or gross negligence. The parties shall indemnify the Agent, in proportion to their interests in The Property, against any liability to which the Agent may be subjected by reason of title to The Property being in his name.
SEVENTH: If the Agent, or any successors hereinafter appointed, shall desire to terminate the agency, the Agent shall, upon accounting to his successor for all funds which have previously come into his possession, be discharged from all further liability as Agent.
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In the event of the resignation, death, incompetency or other disability of the Agent during the continuance of the joint venture, the following persons shall act as his successors in the order listed:
1. | Xxxx Xxxxxxx |
2. | Xxxxxx Xxxxxxx |
3. | Xxxxxx Xxxxxxxxx |
4. | Any person of full age designated in writing by parties owning at least three-fourths (3/4) of The Property. |
Such successors shall have the same rights and obligations as the Agent named herein.
Simultaneously with the execution of this agreement, the Agent shall execute a quit-claim deed covering The Property, leaving blank the name of the grantee. This deed shall be deposited in escrow, together with the original copy of this agreement, with Wien, Lane, Xxxxx & Xxxxxxx, Esqs., 000 Xxxxx Xxxxxx, Xxx Xxxx 0, Xxx Xxxx. Upon the appointment of a successor to the Agent pursuant to this paragraph, the name of such successor shall be inserted in the deed and the escrow shall be released. The successor shall thereupon similarly execute a deed for possible use by his successor in the same manner.
EIGHTH: The sale or transfer of the interest of any party shall not be valid unless the transferee is an individual of full age, unless a duplicate original of the written instrument evidencing such sale or transfer is delivered to the Agent for deposit with the original copy of this agreement, and unless the transferee shall accept the transfer in writing. Thereupon, the transferee shall be a member of the joint venture with the same rights and liabilities as the transferor.
NINTH: Upon the death of any party hereto, the joint venture shall continue without interruption. The deceased party may designate any individual of full age to succeed him as a member of the joint venture, and all parties agree to accept such designee in place of the deceased party. The designation shall be made in the Last Will and Testament of the deceased party or, if not so made, the executor or administrator of the deceased party shall make such designation. Any individual so designated shall accept such designation in writing, and shall then be a member of the joint venture with the same rights and liabilities as the deceased party.
In the event that any party dies and no successor for him is qualified within six (6) months after his death, the surviving parties may purchase the interest of the deceased party in the joint venture and in The Property within thirty (30) days after the expiration of such six (6) months’ period, and the surviving parties shall share in such purchase in proportion to their respective fractional interests. The price shall be the original cost of the deceased party’s interest, less any capital repaid thereon since the inception of this joint venture.
TENTH: Any dispute regarding this agreement or The Property shall be settled by arbitration in the City of New York in accordance with the rules of the American Arbitration Association then in effect, and such decision shall be binding upon all of the parties.
ELEVENTH: This agreement shall be binding upon the heirs, legal representatives, successors and assigns of the parties hereto.
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IN WITNESS WHEREOF, the parties hereto have hereunto set their hands the day and year first above written.
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