Text 2 Articles of agreement Contractor License No._____

THIS AGREEMENT, made this 25^th day of October, one thousand nine hundred and ninety-seven, between ROBERT SMITH, hereinafter called the Owner, and ELVIS PRESLEY, hereinafter called the Contractor (it being understood that the terms “Owner” and “Contractor” used herein in the single number shall include the plural, and the use of the masculine gender shall include the feminine and neuter).

WITNESSETH:

Articles of agreement

Contractor's License No.

THIS AGREEMENT, made this 25th day of October, one thousand nine hundred and ninety-seven, between ROBERT SMITH, hereinafter called the Owner, and ELVIS PRESLEY, hereinafter called the Contractor (it being understood that the terms "Owner" and "Contractor" used herein in the single number shall include the plural, and the use of the masculine gender shall include the feminine and neuter).

FIRST: The Conctractor, within the space of 180 working days from and after recording of a loan agrees to furnish the necessary labour and materials, including tools, implements and appliances required, and to perform and complete in a workmanlike manner, free from all liens and claims of artisans, materialmen and subcontractors thereon, all the work on attached plan and specifications, incorporated herein and made a part hereof; the Contractor to be responsible for carpet, drapes, and furniture placement: this is a "turn key" operation; carpet, furniture, and drapery cost shall be borne by the Owner; and all other works shown and described in and by and in conformity with, the plans and specifications for the same signed by the parties hereto; said plans and specifications to be furnished by the Contractor.

SECOND: Said construction work to be erected on a lot of land situated in the County of Sacramento, State of California, and described as follows: 1415 Baxter Street.

THIRD: The Owner agrees, in consideration of the performance of this agreement by the Contractor, to pay or cause to be paid to the Contractor, his legal representative or assigns One hundred fifty thou­sand dollars ($150,000) in United States legal tender, at the times and in the manner following, to wit: in the normal manner.

NOW, THEREFORE, the Owner hereby accepts the above pro­posal, and the Contractor agrees to perform the work comprehended thereunder, and by and between them as part and parcel of this contract the stipulations set forth in original writing on the reverse side hereof are understood and agreed upon.

The Owner to pay the Contractor 7% ($10,500 maximum) fee outside of a construction loan and as a monthly billed basis.

Any cost exceeding a construction loan to be Robert Smith's, but not to exceed $6,000.

IN WITNESS WHEREOF, both parties have duly executed this agree­ment the day and year first above written.

Witness __________ Owner_____________

Witness __________ Contractor __________

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