Fractional Dutch Auctions of Commercial Income-Producing Real Estate Properties - TIC Plan Ownership Syndications

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Due Diligence Documentation "Exhibit L-4"

Project Legal Consultant Firm Profile

The following notes are provided pertaining to this exhibit:

  1. What: the proposed Project will entail the investment of millions of dollars and these funds must be accounted for at all times and all rights to contracts and agreements must be enforceable.  Accordingly, the Developer will retain the services of a law firm for the purposes of providing periodic legal advice as required.

  2. When: the Project Legal Consultant is retained prior to the commencement of the pre-construciton phase.

  3. Why: all of the key stakeholders in the proposed Project have an interest in safeguarding the rights and remedies of the Project ownership entity and providing sound business management of the funds in the care of the Sponsor.

  4. Where: firm profiles are kept by the Developer and are electronic files that are available for downloading.

  5. How: the Project Legal Counsel is responsible for providing legal counsel for the benefit of the Sponsor.

  6. What's important: safeguarding the contractual rights of the Sponsor entity.

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