AGREEMENT This AGREEMENT made and entered into this 24th day of October, 2011 COMPANY: Phillip Mark ADDRESS: CITY: ATTN: Phillip Mark PHONE: herein called "Contractor" COMPANY: LSJ, LLC ADDRESS: 6100 Red Hook Qtrs B3 CITY: St. Thomas, USVI 00802 ATTN: William Rowles PHONE: herein called "Owner" PROJECT: Little St. James Island #1015 Five Palms CMU, Interior Plaster and Exterior Cement Plaster AGREEMENT NO. 01 Cost Codes: 04-220, 04-260, 09-200 CONTRACTOR AND OWNER hereby agree as follows: I. 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) Workers' Compensation with Statutory limits of liability; (b) 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 Completed Operations Liability, Premise