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1. DURATION AND CANCELLATION
The initial term of this contract shall be for one
(1) year; beginning on the effective date of this
contract and ending at 12:00 midnight on July 31, 1994.
After the expiration of the initial term, this agree-
ment will continue in effect on a year to year basis on
the saine [sic] terms and conditions until canceled by
either party. * * *
* * * * * * *
9. MANAGEMENT FEES
A. In return for the management services pro-
vided by DC to MSA under this contract, MSA shall
negotiate the fees for each contract function assigned
to DC.
B. As an incentive under this Agreement, in
addition to the fees under Paragraph A above, DC shall
be paid an amount equal to 5% of the pre-tax profits of
MSA resulting from or because of management improve-
ments by DC, for each calender year. * * *
Pursuant to paragraph 9(A) of the 1993 management contract, MSA
paid Delaware Corporation $30,000 per month for a period not
disclosed by the record.
Pursuant to the 1993 global agreement, Ms. Havens entered
into a contract of purchase that purported to sell to Delaware
Corporation the Caroline County farm (Caroline County farm
contract). The Caroline County farm contract, which was effec-
tive as of August 1, 1993, provided in pertinent part:
THIS CONTRACT OF PURCHASE, entered into as of the
1st day of August, 1993, by and between FRANCES B.
HAVENS (hereinafter referred to as “Seller”) and DELA-
WARE CORPORATION (hereinafter referred to as “Pur-
chaser”).
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