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Jersey. On or about July 24, 1979, Torcivia agreed to pay Mr.
Schaffel a 1-percent fee for any construction work that Schaffel
was “able to help Torcon obtain.” Exh. 185; Torcivia, Transcr.
at 361-362. On August 2, 1979, in connection with the Torcivia
agreement, Schaffel signed an agreement with IRA which stated:
The purpose of this letter is to confirm that I
will pay to you fifty (50%) percent of any fees
received by me with respect to construction jobs
obtained for Torcon, Inc. in which I determine that you
or your associates have been instrumental or helpful.
My arrangement with Torcon, Inc. concluded with your
concurrence that said Company will pay to me one (1%)
percent based on the gross amount of the contract price
of any such construction job. [Exh. 186].
As previously discussed, Schaffel entered into this agreement
with IRA only because Kanter identified IRA as an entity that
held a corporate real estate brokerage license, which appeased
Schaffel’s concerns about sharing brokerage fees with someone
other than a licensed real estate broker.
After 1979, Torcon was awarded Prudential construction
contracts referred to as the Parsippany Business Campus,
Parsippany Hilton Hotel, Gateway Office Complex, and Princeton
Interplex Complex. Torcivia, Transcr. at 362. Torcivia met
Lisle at the groundbreaking for the Parsippany Hilton Hotel in
1980. Torcivia, Transcr. at 363-364.
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