Real Estate Agent Agreement

This Real Estate Agent Agreement is made effective as of May 18, 2012, by and between Dorian M. Rothschild, of 60 Arthur St., San Rafael, California 94901, and Peter R. Olsen, of 123 Main St., Mill Valley, California 94941. In this Agreement, the party who is contracting to receive services shall be referred to as "Mr. Rothschild", and the party who will be providing the services shall be referred to as "Mr. Olsen". The parties will be collectively referred to as the Parties. Mr. Olsen has a background in marketing, advertising, negotiating and selling real estate properties, and is willing to provide services to Mr. Rothschild based on this background. Seller is the owner of certain property and the improvements thereon known as A 3000 square foot single family home with 3 bedrooms and 2.5 baths located at 60 Arthur St., San Rafael, CA 94901. (the land and the improvements being hereinafter collectively referred to as the "Real Property"). In consideration of the mutual promises and covenants herein contained, the Parties hereto agree as follows: GRANT OF RIGHTS. Seller hereby grants to Agent the right to sell Real Property described above and Seller hereby appoints Agent as Sellers agent for such purpose, subject to the terms and conditions set forth in this Agreement. Seller, promptly after Agent's request, shall deliver to Agent complete copies of any records and documents relating to the Real Property in the possession of Seller. DESCRIPTION OF SERVICES. Seller shall refer to Agent all offers and inquiries, including those from outside brokers, or from principals or from others, with respect to the Real Property and shall conduct through Agent all negotiations with respect to the sale of the Real Property. Agent shall diligently investigate and develop such offers and inquiries and canvass, solicit and otherwise employ its best efforts to bring about the sale of the Real Property and to that end Agent is authorized to enlist the services of other real estate brokers. The Agent is obligated to report any price which he may be offered for said property, for the consideration or review of the June 01, 2012 Beginning on June 01, 2012, Agent will provide the above services including the following services (collectively, the "Services") in connection with the sale of the above described property: Agent shall render to Seller bi-weekly status reports of Agent's activities, Advertising the sale of the property, advising Seller of all negotiations and submitting to Owner any offers received by Agent for the Real Property. PERFORMANCE OF SERVICES. The manner in which the Services are to be performed and the specific hours to be worked by Mr. Olsen shall be determined by Mr. Olsen. Mr. Rothschild
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will rely on Mr. Olsen to work as many hours as may be reasonably necessary to fulfill Mr. Olsen's obligations under this Agreement. PAYMENT. The Seller agrees to pay the Agent a commission of 6 percent of closing sale price percent on the sale price of any sale or sales made by the Agent of the properties mentioned above; and consummated as a result of said services; said commission to be deducted from the cash payment made, respectively, for said properties. The Seller reserves the right to sell the above described property to anyone with whom he is now negotiating for sale of the said property, and in event said property is sold as a result of said negotiations, the Agent shall not be entitled to commissions upon sale or sales. It is further agreed that if, after the termination of this agreement the Seller shall sell said property, which may not have been theretofore sold by the Agent, the said Agent shall be entitled to commissions upon said sale or sales, provided said sale or sales are made to a party, or parties who have theretofore, and during the life of this contract, been actually brought to and upon said property by the Agent, for the purpose of interesting them as purchasers of the same. Nothing in this Agreement shall be deemed to require Seller to accept an offer to purchase the Real Property, to sell the Real Property or to keep the Real Property for sale during the term of this Agreement, and Seller may withdraw the Real Property at any time. However, if the Agreement terminates prior to the sale of the property and during the life of the Agreement, the Seller was presented with a bona fide offer to purchase at or above the agreed to list price approved by the Seller and the Seller fails to accept said offer, the Agent will be entitled to the full commission percentage had the property been sold at the offered price. TERM/TERMINATION. This Agreement shall terminate automatically upon completion by Mr. Olsen of the Services required by this Agreement. RELATIONSHIP OF PARTIES. It is understood by the parties that Mr. Olsen is an independent contractor with respect to Mr. Rothschild, and not an employee of Mr. Rothschild. Mr. Rothschild will not provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of Mr. Olsen. EMPLOYEES. Mr. Olsen's employees, if any, who perform services for Mr. Rothschild under this Agreement shall also be bound by the provisions of this Agreement. ASSIGNMENT. Mr. Olsen's obligations under this Agreement may not be assigned or transferred to any other person, firm, or corporation without the prior written consent of Mr. Rothschild. CONFIDENTIALITY. Agent agrees for itself, its successors, heirs and assigns to refrain from disclosing to any third party any information relating to the Real Property that are valuable, special and unique and that need to be protected from improper disclosure. In consideration for the disclosure of the Information, Agent agrees that Agent will not at any time or in any manner, either directly or indirectly, use any Information for Agent's own benefit, or
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divulge, disclose, or communicate in any manner any Information to any third party without the prior written consent of the Seller. Agent will protect the Information and treat it as strictly confidential. A violation of this paragraph shall be a material violation of this Agreement. CONFIDENTIALITY AFTER TERMINATION. The confidentiality provisions of this Agreement shall remain in full force and effect after the termination of this Agreement. RETURN OF RECORDS. Upon termination of this Agreement, Mr. Olsen shall deliver all records, notes, data, memoranda, models, and equipment of any nature that are in Mr. Olsen's possession or under Mr. Olsen's control and that are Mr. Rothschild's property or relate to Mr. Rothschild's business. NOTICES. All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in person or deposited in the United States mail, postage prepaid, addressed as follows: IF for Mr. Rothschild: Dorian M. Rothschild 60 Arthur St. San Rafael, California 94901

IF for Mr. Olsen: Peter R. Olsen Mary C. Bagley Administrative Assistant 123 Main St. Mill Valley, California 94941 Such address may be changed from time to time by either party by providing written notice to the other in the manner set forth above. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties. AMENDMENT. This Agreement may be modified or amended if the amendment is made in writing and is signed by both parties. SEVERABILITY. If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.
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CAPTIONS. The captions in this Agreement are for the purpose of convenience only, are not intended to be part of this Agreement and shall not be deemed to modify, explain, enlarge or restrict any of its provisions. EXCULPATION. During the term of this Agreement, Agent shall look solely to the then interest of Seller in the Premises for the satisfaction of any remedy of Agent for failure to perform any of Seller's obligations under this Agreement or under any law and no officer, director, employee or agent of Seller shall have any personal liability for any such failure. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement. APPLICABLE LAW. This Agreement shall be governed by the laws of the State of California. Seller:

By: ____________________________________________________ Dorian M. Rothschild Dorian M. Rothschild

Agent:

By: ____________________________________________________ Peter R. Olsen Peter R. Olsen

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