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North Carolina/Apex Standard Management Agreement <br /> November 16, 1998 5 <br /> the provision of extensive zoning review, electronic data base, marketing, and negotiating services by MetroSite on <br /> behalf of client. Compensation for all North Carolina clients shall be according to the Fee Schedule Addendum <br /> Number One attached <br /> 3. EXCLUSIVITY <br /> During the term of this Agreement, the Client shall not engage an independent contractor, consultant or <br /> employees to perform services the same as or similar to the Services on behalf of the Client unless MetroSite has <br /> materially breached any of the terns,covenants or conditions contained in this Agreement and MetroSite has failed <br /> to cure any such breach within sixty(64) days of the date of receipt by MetroSite of notice of an alleged breach <br /> from the Client. <br /> 4. RECORDS AND REPORTS <br /> 4.1 Books and Records. MetroSite shall maintain Client's books and records at MetroSite's offices in Little <br /> Rock, Arkansas which shall be available for inspection by the Client through its agents or representatives during <br /> normal working hours as the Client shall reasonably request with not less than.three(3)days prior written notice to <br /> MetroSite. MetroSite shall maintain such books and records for not less than three (3) years following the <br /> termination or expiration of this Agreement. <br /> 4.2 Status Reports. MetroSite shall submit to the Client periodic status reports setting,forth a summary of all <br /> revenues and associated marketing and managemea fees generated by all Facility leases or licenses entered into by <br /> Client. <br /> 5. TERM AND TERNMATION <br /> 5.1 Ted. Subject to the termination provisions set forth in Section 5.2,this Agreement shall have an initial <br /> term of five(5)years, commencing on October 9. 1998, and terminating on October 9. 2403. (Initial Term) which <br /> shall be automatically extended for three(3)separate additional five(5)year terms unless either party shall provide <br /> the other written notice of its desire not to renew this Agreement ninety(90) days in advance of the lapse of the <br /> then existing term. <br /> 5.2 Termination and Actions Thereafter. <br /> This Agreement may be terminated by either party by written notice to the other party upon a material breach <br /> of any of the provisions of this Agreement provided written notice has been provided to the other party specifying <br /> the facts giving rise to the alleged breach and there is a failure to commence and diligently proceed with efforts to <br /> cure the alleged breach within sixty(60)days of the date of receipt of said notice. <br /> 6. RELATIONSHIP OF THE PARTIES <br /> 6.1 Independent Status. The relationship of MetroSite to the Client hereunder shall be that of an independent <br /> contractor. Nothing in this Agreement is intended or shall be construed to constitute MetroSite, or any of its <br /> employees, agents or subcontractors, an employee, agent or partner of the Client,nor shall MetroSite, or any of its <br /> employees, agents or subcontractors have authority to bind the Client in any respect without Client's express <br /> written.authorization. The Client shall not be liable for any negligent or willful act or omission of MetroSite or its <br /> employees, agents or subcontractors, and MetroSite agrees to indemnify, defend and hold harmless the Client and <br /> its elected and appointed officials and employees from and against any and all losses, damages, costs and expenses <br /> (including reasonable attorneys'fees and expenses) in any manner resulting from or arising out of any negligent or <br /> willful act or omission or any breach of MetroSite's obligations under this Agreement. The Client shall hold <br /> harmless MetroSite and its directors,officers,members, agents, and employees from and against any and all losses, <br /> damages, costs and expenses (including reasonable attorney's fees and expenses) in any manner resulting from or <br />