Standard construction document CCDC 2

							CCDC Document 2 Standard Construction Contract

                          AGREEMENT BETWEEN OWNER AND CONTRACTOR




         Between



                                                                hereinafter called the "Owner"


         and
                                                       Playa Maya Resorts International, Inc
                                                       318 Highway Three East
                                                       RR 5
                                                       Simcoe, Ontario
                                                       N3Y 4K4
                                                                hereinafter called the "Contractor"


On                                           200       by their signatures hereto the Owner and the
Contractor agree as follows:
                      FOR CONDOTEL VILLA NO. _____________________
ARTICLE A-1: THE WORK
The Contractor shall:
1.1 perform the Work required by the Contract Documents for construction of a ecotouristic, condotel resort located
at Playa Maya, Celestun, Yucatan, Mexico, which documents have been signed by the parties, and for which
 M.C. Engineering is acting as and is hereinafter called the "Consultant" and
1.2 do and fulfill everything indicated by this Agreement.

ARTICLE A-2
2.1 The Contract supersedes all prior negotiations, representations, or agreements, either written or oral, relating
in any manner to the Work..
2.2 The Contract may be amended only as provided in the Contract Documents.

ARTICLE A-3
3.1 The following are the Contract Documents referred to in Article A-1 of the Agreement: THE WORK:
         Agreement Between Owner and Contractor
         Joint Owners’ Property Agreement
         Prime Investors’ Agreement
         Agreement of Purchase & Sale (Property Only)
         Rental Agreement
         The General Conditions of the Contract

ARTICLE A-4
4.1 The Contract Price. Seventy Two thousand dollars ($ 72,000.00)
4.2 All amounts are in U.S. funds.




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CCDC Document 2 Standard Construction Contract

ARTICLE A-5 PAYMENT
5.1 Payment shall be made to the Contractor by Owner in accordance with the Prime Investors’ Agreement between
the parties.
5.2 In the event of loss or damage occurring where payment becomes due under the property and boiler insurance
policies, payments shall be made to the Contractor in accordance with the provisions of GC 11.1 -
INSURANCE.
5.3 Interest
5.3.1 Should either party fail to make payments as they become due under the terms of the Contract or in an
award by arbitration or court, interest at ten percent (1 %) per annum above the bank rate on such unpaid amounts
shall also become due and payable until payment. Such interest shall be compounded on a monthly basis. The bank
rate shall be the rate established by the Bank of Canada as the minimum rate at which the Bank of Canada makes
short term advances to the chartered banks.

ARTICLE A-6 RECEIPT OF AND ADDRESSES FOR NOTICES
6.1 Notices in writing between the parties or between them and the Consultant shall be considered to have been
received by the addressee on the date of delivery if delivered to the individual, or to a member of the firm, or
to an officer of the corporation for whom they are intended by hand, by facsimile, or by registered post; or if sent by
regular post, to have been delivered within 5 Working Days of the date of mailing when addressed as follows:
                            The Owner at


                         .




                             The Contractor at
                                           Calle 1G1 # 119
                                            entre 20 y 22
                                            col. Mexico Norte.
                                            C.P. 97120
                                            Merida, Yucatan, Mexico




                             The Consultant at

                                                 318 Highway 3 East
                                                 R.R. #5
                                                 Simcoe, Ontario Canada
                                                 N3Y 4K4




ARTICLE A-7 SUCCESSION
7.1 The Contract Documents are to be read into and form part of this Agreement and the whole shall constitute
the Contract between the parties, and subject to the law and the provisions of the Contract Documents shall
enure to the benefit of and be binding upon the parties hereto, their respective heirs, legal representatives,
successors, and assigns.
In witness whereof the parties hereto and by the hands of their duly authorized representatives.


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CCDC Document 2 Standard Construction Contract

SIGNED AND DELIVERED
in the presence of:

                           ______________________________________________________________________
                           OWNER
                           FOR CONDOTEL VILLA NO. ___________________


_________________________________
WITNESS
Print name________________________________




                           _______________________________________________________________________
                           CONTRACTOR

________________________________
WITNESS
Print name_______________________________




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