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i Except as otherwise provided herein, any termination for Cause shall be effective upon receipt of written notice of termination given by Owner to Manager, specifying the nature of the alleged default by Manager as set forth herein, or thereafter upon such other date as specified in such written notice; provided that Manager fails to cure such default within fifteen (15) business days after receipt of such written notice from Owner. Upon termination of this Agreement, each party shall continue to be fully liable for their respective obligations which have accrued up to and including the termination date and shall promptly pay to the other all amounts due to the other party under the terms of this Agreement. Such payment shall be made as soon after the effective date of termination as such amounts are determinable. Upon such payment, neither party shall have any further claim or right against the other,except as expressly provided herein. 7. Upon termination of this Agreement, Manager shall (a) prepare and deliver to Owner a final accounting reflecting the balance of income and expenses for the Property as of the date of termination; (b) return to Owner any excess amounts in the operating account; (c) deliver to Owner all Property related books and records, provided that Manager may make, and maintain, copies of such books and records. 8. Owner hereby agrees that for a period of eighteen (18) months after the termination of this Agreement for any reason,Owner shall not,on its own behalf or on behalf of any other person, partnership, association, corporation or other entity, hire, or solicit for employment any employee or associate of Manager, or in any manner attempt to influence or induce any employee or associate of Manager to leave the employment of,or engagement by Associate. In the event Owner or Owner's successor agent or manager hires any employee or associate of Manager, then Owner agrees to compensate Manager a fee equal to employee or associates annual salary. 9. As compensation of its management services, Manager shall be paid monthly by Owner a management fee the greater of$2,000 per month or 5%of gross revenues collected. Manager and Owner acknowledge and agree that Owner has purchased the Property from Manager,and prior to such purchase, Owner leased certain space in the Property from Manager. The lease agreement between the Manager, as lessor, and the Owner,as lessee, is hereby terminated if it has not otherwise been terminated in a separate document. Owner will occupy such portion of the Property as Owner deems desirable in its sole discretion ("Owner-Occupied Premises"),and Owner not be required to pay any rent nor shall any amount be added to the gross revenues with respect to the Owner-Occupied Premises, 10. Manager shall be reimbursed by Owner for accounting and financial expenses and administrative expenses which directly relate to the Property including but not limited to:forms, stationery, checks, bank charges, postage, courier charges, printing and copier charges and other expenses incurred with Owner's consent. No other expenses incurred by Manager in Manager's fulfillment of the responsibilities of this Agreement shall be payable by Owner without Owner's prior approval(or as otherwise provided in this Agreement). 5