AGREEMENT This AGREEMENT made and entered into this 10th day of September, 2010 COMPANY: Phillip Mark ADDRESS: Estate Wintberg 1-137 6 CITY: St. Thomas, USVI 00802 ATTN: Phillip Mark PHONE: 340-998-3655 herein called "Contractor" PROJECT: Little St. James Island #1010 Mechanical Desal Cistern Coatings AGREEMENT NO. 01 Cost Code: 03-351 COMPANY: LSJ, LLC ADDRESS: 6100 Red Hook Qtrs B3 CITY: St. Thomas, USVI 00802 ATTN: William Rowlcs PHONE: 340-779-8054 herein called "Owner" CONTRACTOR AND OWNER hereby agree as follows: 1. THE CONTRACT DOCUMENTS: The Contract Documents consist of this Agreement, Conditions of the Contract (General, Supplemental and other Conditions), attached hereto, if any, and the Schedules, Drawings, Specifications, and all Modifications issued subsequent thereto, if any. SCHEDULE "A" SCHEDULE "B" SCHEDULE "C" SCOPE OF WORK / DOCUMENTS PRICE AND PAYMENT SCHEDULE INVOICING INSTRUCTIONS AND LEGAL NOTICES All of the foregoing form the Contract Documents and all are incorporated by reference herein, whether or not physically attached hereto. 2. INSURANCE REQUIREMENTS: The Contractor shall secure, prior to commencement of performance under this Agreement, and shall maintain at all times during the period or periods of its obligations under this Agreement, at its expense and in companies approved by Owner, the following insurance coverage, on an occurrence basis, all of which shall be non-cancelable and not subject to change in coverage except upon not less than thirty (30) days written notice to Owner at the address indicated above: (a) (b) (c) Workers' Compensation with Statutory limits of liability; Comprehensive General Liability Insurance in an amount not less than $1,000,000 Each Occurrence/ $1,000,000 General Aggregate, with a sub-limit of $5,000 Per Occurrence for Medical Payments. Coverage is to include Bodily Injury Liability, Property Damage Liability, Personal Injury Liability, Products and