As referenced in this Sales and Project Coordination Agreement:
InnSuites Hospitality Trust, – AGREEMENT
This Sales and Project Coordination Agreement (this Agreement) is made as of the 1st day of March, 2006, by and between Rare Earth Development Company, an Arizona corporation, and InnSuites Hospitality Trust, an Ohio real estate investment trust.
WHEREAS, Rare Earth Development Company is owned by the Wirth family, including Pam Barnhill, Division Vice President of Rare Earth Development Company and
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InnSuites Hospitality Trust; – division Rare Earth Realty, is a licensed Arizona Real Estate Broker and a Multiple Listing Service (MLS) agent;
WHEREAS, James Wirth is President of both Rare Earth Development Company and InnSuites Hospitality Trust; and
WHEREAS, InnSuites Hospitality Trust is in the process of converting certain hotel units into condo-hotel units (the Project).
NOW, THEREFORE, subject to the terms, conditions, covenants and
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InnSuites Hospitality Trust – a licensed Arizona Real Estate Broker and a Multiple Listing Service (MLS) agent;
WHEREAS, James Wirth is President of both Rare Earth Development Company and InnSuites Hospitality Trust; and
WHEREAS, InnSuites Hospitality Trust is in the process of converting certain hotel units into condo-hotel units (the Project).
NOW, THEREFORE, subject to the terms, conditions, covenants and provisions of this Agreement, Rare Earth
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InnSuites Hospitality Trust – process of converting certain hotel units into condo-hotel units (the Project).
NOW, THEREFORE, subject to the terms, conditions, covenants and provisions of this Agreement, Rare Earth Development Company and InnSuites Hospitality Trust mutually covenant and agree as follows:
I. SERVICES PROVIDED
Upon the terms and subject to the conditions of this Agreement, Rare Earth Development Company will provide the following services to
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InnSuites Hospitality Trust – mutually covenant and agree as follows:
I. SERVICES PROVIDED
Upon the terms and subject to the conditions of this Agreement, Rare Earth Development Company will provide the following services to InnSuites Hospitality Trust with respect to hotel properties owned or controlled by InnSuites Hospitality Trust and designated by its Board of Trustees for conversion into condo-hotel units:
A. Project coordination, including, without
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