Melvin Mark- Project Management Agreement

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O1/2ai93 16:27 $`503 538 52ai hl.~RION C0. COM. ~ 007/O1~ JAN-~3-99 15=16 FROM=BALL JANIK LLP ID=503 295 1058 PAGE 7/14 Nlsasg~t h~reby accepts swch engdgemeat and ag~oes to pc~vim all supervisory, mana~ent, arld operational sGtvices aad functians, inclvding, withot~ being limite~d. to, those specifically set `- f~rth herein, reasonably nxessary or incideatal w the coasrtruction of the Pmject Commissioning of the Project is aot included in Maaager's Services and will be bid as a sc~azate con~-act far services. Maaager sball. use its best effoRs aad devote such time as is n~cess~ry to peaforra propcsly the duties of Maaaga described in this Ag~eemeat. Ivfatsager is a,cting hercunder as aa iadcpendent con~actor, and this .~greement sball not be deem~d to crnase aay cmpl~yer-employee relationship, either ~xgress ar implied, between. Owner and Managv or any fidnciazy reIationship, except as expressly provided in this Ap~eement I2 Tetm This term of tbis A~'eement (the "'~am'~ shsll commence on June 1, 1998, and shall continue in effect until Mar~h 3I, 2000, ualess sooner tecmin~ted as provided in Section 1.3 (the 'Term^). I.3 Teiminafion 13.1 'Tbi.s Ag+xment may be terminate~d by Oa~,er in the event of a m~teaial defavlt by M~a.ger in its obIigatians under this Agr~eemen~ in.cluding thase pravided in the Addendum to Coutrac~ FTA Con~act Requiremeats, atmched hea+eto and incorporated herein as Fxhibit A to the extent requir~d by law to be a~plied Manager (the "FTA Reqairemeat4'~, and the f~ilute of M,anager to cure the default within ZO days of wntten notice fmm Qwnar idm~~g the cIai.m~d default, or if the default cannat be cured in 20 days, thea cammeacin.g to cure the default withm 24 days of such notice and therraftet prompt~y cur~g the default I 3.2 Owaer may terminaxe this Agtetment immediately, without a=t,y notice or opporiunity to cute, in any of the following eveats; Manager (a} files aay form of volunxary bankniptcy petition, ~b) is the suhject of aay ia.volimtary bankiuptcy petirion, {c) makes a generaI assi~ament for the beaefit of creditots, or (d) in aay way takes advantage of aay Iaw Ielating to the protection of As~agcr as an. insolveat eatity. 1.3.3 'Ihis Agteem~nt shall. term.inate automatically on the Completion Date {as de5~ed in para~aph 2.3). i.3.4 Either Uwaer or Maaager may teiminate thi.s Ag~ment for aay rea,soa on b0 days prior writoes notice g~ven tn the other pariy of t}~e terminaiion date {the "Tarmination Date'7, in which evmt Owaer shall contiuue to make paymegts under this A~eeaient t~e~ thro the Terminatiorc Date and Matiager shall assist Owner throu~. the Teanination Date wlth ~r~,nding down the Project ~ or tiraasitional se~viccs. 2. ~?efinitians The t~ms defincd in this Saction shall, for all purposes of this Ageameat, have the mr~nuzgs herein specified, imless the context othenvise requires: 2 0 t a579o.RED