LINDA SHEFFEY and Michael-Eric: Hornes agree to use PEACE FIRST INITIATIVE CORPORATE NAME, ADDRESS and TAX IDENTIFICATION NUMBER (non-profit) for the sole purpose of starting the "10 Point Initiative" Proceeds of the grant are to be deposited into the account at Wachovia bank.
LINDA SHEFFEY and Michael-Eric: Hornes agree to use PEACE FIRST INITIATIVE CORPORATE NAME, ADDRESS and TAX IDENTIFICATION NUMBER (non-profit) for the sole purpose of starting the "10 Point Initiative" Proceeds of the grant are to be deposited into the account at Wachovia bank.
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LINDA SHEFFEY and Michael-Eric: Hornes agree to use PEACE FIRST INITIATIVE CORPORATE NAME, ADDRESS and TAX IDENTIFICATION NUMBER (non-profit) for the sole purpose of starting the "10 Point Initiative" Proceeds of the grant are to be deposited into the account at Wachovia bank.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as TXT, PDF, TXT or read online from Scribd
This Contract is made on _________________, 20_____, between
SHAVONNE MUHAMMAD, "CEO", of PEACE FIRST INITIATIVE (PHI), INC., 3411 CARLISLE AVENUE City of BALTIMORE, State of MARYLAND, and LINDA SHEFFEY, of 1400 MONTELLO AVENUE NE, WASHINGTON, DC, 20002, and Michael-Eric: Hornes, of Secured Futures, LLC, 1629 K STREET NW, WASHINGTON, DC 20006.
For valuable consideration, the parties agree as follows:
1. SHAVONNE MUHAMMAD, CEO and PEACE FIRST INITIATIVE (PHI), INC. (hereinafter called "Party of the First")herein agree to allow LINDA SHEFFEY and Michael-Eric: Hornes (hereinafter called "Parties of the Second") use of the PEACE FIRST INITIATIVE CORPORATE NAME, ADDRESS and TAX IDENTIFICATION NUMBER (non-profit)for the sole purpose of starting the "10 Point Initiative" that was presented to Harry Thomas for non-profit activities focused on the Ward 5 neighborhood of the District of Columbia. 2. In consideration for such use, LINDA SHEFFEY AND Michael-Eric: Hornes agree to compensate SHAVONNE MUHAMMAD a rate of 5% ($2500) of the total initial grant monies of $50,000 given. Proceeds of the grant are to be deposited into the account of PEACE FIRST INITIATIVE (PHI), INC. at Wachovia Bank. 3. Such aforementioned use by the Party of the Second is to only be for ninety (90) days following the award of the grant. After which, no authorized use is herein or hereby granted, assumed or presumed unless by the signed and signatory agreement of SHAVONNE MUHAMMAD. 4. Parties of the Second are to keep accurated and detailed reports and records that outline, pinpoint, index and account for all grant monies used and for what purposes. Such accounting is for the sole purpose of indemnifying the Party of the First from any and all tax liability or otherwise. 5. Parties of the First and Second are to hold weekly updates and to provide each other full disclosure of all activities where relevant, including but not limited to all documentation. 6. Parties of the Second are solely responsible for any and all fees, taxes, charges, and otherwise, associated with the awarded grant. 7. No modification of this Contract will be effective unless it is in writing and is signed by both parties. This Contract binds and benefits both parties and any successors. Time is of the essence of this contract. This document, including any attachments, is the entire agreement between the parties. This Contract is governed by the laws of the State of Maryland and the District of Columbia, as applicable. The parties have signed this Contract on the date specified at the beginning of this Contract.
_________________________________ Signature of Party of the First
_________________________________ Signature of Party of the Second
_________________________________ Signature of Party of the Second