SMALL HOMES PROJECT
INVESTMENT AGREEMENT
The Investment Agreement between Seventh Restoration, LLC and _______________________________________________, entered into on _______________________________, in __________________________________, _____________________ is subject to the following terms:
The Investor agrees to make a single initial investment of one hundred, thirty thousand dollars and no cents ($130,000.00) at the making of this agreement. Seventh Restoration, LLC, upon receipt, shall sign and deliver for recordation, a Short Form Deed of Trust and Assignment of Rents (deed of trust) to said investor.
The investor will be entitled to receive, and Seventh Restoration, LLC shall pay $1,000.00 on the 1st day of each month for 7 years, which includes an actualized return of approximately $9,100.00 or seven (7%) percent interest on their investment per annum. The $1,000.00 monthly payment includes $758.33 towards yearly interest and $241.66 per month towards the principal.
Said deed of trust shall be retained by the investor for the predefined term of 84 months, and or until all of the covenants of this agreement have been satisfied. The terms of the security instrument are attached as Exhibit “A”.
The initial investment shall only be used for the purposes expressly specified in the attached proposal, identified as Exhibit “B”.
Within 6 months of receipt of initial investment, Seventh Restoration, LLC shall have made all arrangements, provisions and requests for development of the identified project.
Sanctuary Property Management, d/b/a of Seventh Restoration, LLC, shall act as project manager and ongoing property manager of identified investment projects throughout the course of the investment period (84 months).
Sanctuary Property Management shall be responsible for the timely payment of property taxes, insurance (if possible), maintenance and any other debt obligations that arise on behalf of the identified project.
Sanctuary Property Management shall also be responsible for attracting and retaining qualified, vetted applicants and tenants who fall within the scope of the intended occupancy.
Seventh Restoration, LLC, agrees to hold harmless any invested party, in the event of a third party claim against Seventh Restoration, LLC or Sanctuary Property Management for conduct within the scope of this agreement.
In the event of a default on any of the provisions of this investment agreement, all parties agree to attempt to settle the dispute through arbitration prior to filing a civil case. The proper jurisdiction for such remedies is agreed to be Lake County, California.
At the end of the defined investment period (84 months), Seventh Restoration, LLC, shall make a refund of the remaining initial investment and interest, in exchange for the delivery of a Full Reconveyance of title for the associated project.
Seventh Restoration, LLC shall also make a one-time bonus payment to the investor at the end of the investment period (84 months), in the amount of ten thousand ($10,000.00) dollars.
Investor acknowledges that any early withdrawal of initial investment prior to the defined investment period of eighty-four (84) months will incur a penalty of forty (40%) percent of the corpus of the investment, an additional penalty reducing the seven (7%) percent annual interest payment to four (4%) percent, and a waiver of the ten thousand ($10,000.00) dollar bonus.
If the Investor agrees to make a single initial investment of one hundred, thirty thousand dollars and no cents ($130,000.00) at the making of this agreement, an additional perk being designed and developed will give the investor access to one bed (if and when available without guarantee) per contract in an emergency shelter that will be managed by the ARK Project (www.MyArk.Life).
The above terms and conditions are agreed to on this date ________________________________________, by the following parties:
_______________________________
Investor
_______________________________
Amy Votava, Administrator
Seventh Restoration, LLC