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(g) As a principal, the undersigned hereby agree
that in keeping with the original intent of the
50/50 joint-venture for the ownership and
development of the RiverCliff Farm property--that
Ronald should be left with a minimum a perpetual
use of the RiverCliff Farm property, at least
through the duration of his life. It is the
desire of NCPL to have Ronald act as the resident
manager of the RiverCliff Farm property, and as
such NCPL pledges to provide Ronald and his spouse
Annette, with residence there as long as he
remains in the employ or affiliated with NCPL.
(h) The precise “formula” for this continuing
joint-venture and employer-employee arrangement
with regards to the RiverCliff Farm property,
shall be driven by advice from Counsel as to the
best possible solution for all of the above
issues.
(i) It is the intent of NCPL to make regular use of the
RiverCliff Farm property for company, NCPL shareholder
and corporate client recreation and conference
purposes. Further, NCPL officers and shareholders
intend to place various items of ownership (i.e.,
horses, dogs, vehicles, art pieces etc.) on the
premises, for enjoyment by it’s officers and associates
from time to time.
(j) It is the intent of NCPL and Ronald, that Ronald
will remain in the employ of NCPL and Ronald will
continue to advise NCPL on various business and asset
management matters as per to date, and as new
opportunities present themselves in the future.
(k) It is agreed that this process of title transfer
and formalization of the above arrangements shall be
accomplished in conjunction with the requirements of
payment of the remaining obligation to Ronald’s former
spouse Kumiko, with all necessary documentation and due
process accomplished no later than the 31st of January
2005.
(l) It is agreed that various contracts, notices,
filings and recordations will be part of this
formalization process, and both NCPL and Ronald agree
to cooperate in the completion of any and all required.
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Last modified: March 27, 2008