qcr-tcauua 01:13 um cm a 0 5045557255 P. 02 . - MEMBRANDUM or: unoccammornc comm: . Loo. - ano- . . mo cm on NEW crewman. Mayor?s Of?ce of Economic oamom - STATE OF LOUISIANA PARISH OF ORLEANS This Memorandum of Understanding (the 'Agrecmmt') mode and entered4 into as of the day of Soptembor. 2006 by and between: LLG (?HohieReooh'L a Louisiana limited liability company. and its successors and assigns. and commute Parish of Orleans. Stain ofLouisinno. and its 91mm and assigns. and vines 13 The Mayor?s Dillon of Economic Dovoiopmmt an entity of the City with facilitating. promoting, and commercial and business opportunities within the City to contribute in the economic viability. bene?t and growth of the City. and its successors and assigns. rno?owg??Cl?zcnohlp and Immigration Service in accordance with the investor PM Program pursuant to section 203th (5) oi the Immigration and Nationality Act, as amended. and the of Commorce. Justice and. Stain. tho Ju?liciary. and Related Agendas Appropriations Act of 1893. Pub. L. No. 102-395. section 610 an amended. and all applicablo regulations promulgated them under. including 8 CPR section 204.6 (collectively referred to as the? ?Pilot Program Law'). lr?tiai designation as a Regional Senior was made to the Mayor'o Economic Development Doparhnent in a lottorfrom the legacy US. immigration and Service. insured to on balralfof 13. 1984. MOED has succaodcd the the City of Now Orleans. dated January . MEDD. and MDED has amended the original designation and business plan. and obtained approval of it from USCIS. 5 4w 1 01?6 7mm lZiJOlm? (Him TUE 01:13 PM CITY 0 5845857255 P: 03 . WHEREAS NobleRoach is organized for the purpose of managing and operating Regional Contoro in connection tho Investor Pilot Program Law. WHEREAS pursuant to the Home Rule,'Chartor of the City of Now Orleans and the Code of the City of New Orleans. to authorized to act on behalf of the City and tho MOEDRC and is authorized to enter Into this Agreement NOW THEREFORE in .oonsldora?on of the mutual agreement-3, mpmsa?fB?OHS. and mvenonts contained herein. tho pardoo agree as follows: MOEB. on behalf of the Olly and tho MOEDRG. hereby authorizes NobloRoachllo act as Its princlpal agent and to operat'o under the ausploos of the MOEDRC. to women: the to promote NobteRoaol-l Investment and 5 business opporumltteo that are related to the MOEDRC. and to solicit and i manage immigrant investor capital on behalf of those who are petitioning immigration Bene?ts based on tnveotrnents within the territory of tho MOEDRE: which re?act tho MOEDRC's busineso plan (as amandod) that has boon approved by USCIS. 2. MOED. on behalf of the City and the MOE-ORG. agroes to request that? USCIS approve the amended 13113111353 plan Which includes the Entire torritory of Odeans Parisli and the broadest possible rango of investment and business and motor that am with the Objectives ofthe MOEDRG. Furlhemtore, MOED agrees to request that USCIS acknoardodge that the MOEDRO may he assisted in Its managommt and odn?mmdon in operating its Regional Gamer tn With a contractual arrangernonr such as tho anongoment hdlcated by this signed and examined Memorandum of Understanding. 3. The City. M080. and the MOEDRC agree to take all ouch actions as are necessary and roqulred by 135013 to oustaln for tho duratlon of this Agreement the a legally-designated and active Reglonal Center Under the Investor Pilot Program Law and any related. amended, revised, or subsequent Federal otattnes, regulations or directives governing the program. 4. The City. MOEU. and the MOEDRG agree to actively support tho efforts of NobloReaoh to represent tho MOEDRC. Such support shall include. but not be limited to, providing all MOEDRC-related and supporting Infoma?on and documentation to NobloReach: Supplying to NobloRoaoh tho RIMS ll multiplier tables} that apply to the territory of the MOEDRC: economlo clusters: candidate budlnoss ventures and inv?otmont opportunities the territory of tho facilitating and aoslsting the 21an Nobleme to meeting the lapp?lblo rogulotory or administrative requiromonts in support of individual petitions ?led with USCIS by Immigrant Invostors af?liated with the MOEDRC such as providing area maps. Valld unemployment data. general 2 oft? TUE 01313 PH CITY 0 a 0 5045857255 P. {34 dafca and demographics mncemm" tha re anaa cove tha MOEDRG. a gang rad Nobleftanoh agrees to carry out its under this Agreement In confunniw'wrth all applicable local. state. and federal laws and regulations. Furthennoreh NoblBReach agrees to Mnestly. consistently and fairly pram investment offered In Wrestler: with {he MOEDRC. - Noblelaeam agrees to provide to MOED. on behalf of the City and the MOEDRC. on a quarterly basis (every 3 months). pmg?ress reports on its activle ovgmeas and any other relavant efforts (bah within and 'nutslda the 9.6.) related in prowling inmtmam into the City uf New Orleans and Orleans: Parish unruth lhe Investor Flint Program and the MOEDRG. The mport shall also information for the reporting quarter and yeam-um {in bl":an invested In by alien investors. status 13f alien investor capital ln terms 01' Capital In escrow. pita! transfermd {mm Germ lulu the ?apltal transferred ?rm: the. to job mating businesses. Th8 Rapmt from Noble?each also will 60mm information which distinguishes muesli? Patitfona In terms of 'Pa??ons in preparation?. ?Pe?tlons Filed w?h ?Pati?ons Pending Ac?on by ?Pa??nns approved by ?Petitions dehied by and 'decfslans lilac! with the users Of?ce of Appeals. Maugham agrees to provide to MOED. on behalf of the City and the MOEDRC. an an annual basis. such Hawaiian as may be nemsary to report 133 USOIS on the slabs of this MDEDRG. Snell Infonna?nn may of statistics relating to hrmlors in NoblaRaach lrweslrnent the number of petitions ?led by Individual Immigrant investors wifh individual and total capital invested. an aslhnala oftntal job impacts. enchant}: clusters. and lab creating businesses which were the recipiams of the foreign Weslin capllal. a. The city. M050. and the hereby grant NoblaRe'ach the exclusive rlgh't to C1me under the: auspices of the MORERC, and agree not to award or what intn any agreements. comma memoranda of understanding. em. with any lather party in Operate under the auspices oflhe MOEDRC: for the duralion of this Want. In addition. the City. and tha MOEDRC agree to any n?cassary lawful consents or assistance requested by NobleReach. l0!? its armath companies. In contraction with the establishn?lant or Operation of additional Regional Bankers under the Investor mars-m 9. In con?derallon cf the substantial Investment required by NobleReach to carry out its responsibllilles to Enamele- the MOEDRG. the Oily. MOED. and the MOEDRC agree mt to rave . laminate. or othenvise limit N?ble?aac?h's authntiza?on pr NobleR?eac-lfs abillty to and masonably act under the: 3M6 GOT-IU-QUUB TUE 01:1! PH 0 0 5045857255 P. 05 auspices of the MOEDRC. except for ?good canse? as de?ned in paragraph 12 of ?1113 and only upon.ng NehteReach tn vetting at the breach (383 Meters as in paragraph 14) end Noble?each has net remede the breaeh or othenvtse manned quad faith efforts to cure the breach within shay (60) days of receipt at notice of the breach. 10. The p?hrties agree that Agreement shalt remain in full fame and effect for a term efrthirty {36} yeem. The parties also agree should the City, MOED. or the reorgentze ort?raneterthe MOEDRO to the jurisdiction ot a different Git},r entity ortagency. that USCIS wilt be noti?ed ofthie in writing thirty (30) days, and. further that this Agreement shall remain In full rotate and effect With respect to any such transfer or ergantzetienel change. 11. The parties agree that this Agreement shall be bindth upon and inure to the bene?t ?it the City. MOPED. the MOEDRC. and each party's enmeseore and assigns. Nettle?eaeh net to assign the Agreement in any non-altit'ated third party Want the of the MOED. en behatf of the MOEDRCF and the City. and MOED agrees notto unreastmabty Withheld each mneent. 5 EH The pentee agree that ?good cause" to revoke. terminate or o?iemtse authe?zatbn under Agreement shall be limited to the breach by Nobleme ef any material representation or obligation centetned herein. 13. Noble?teech agrees to hold heartless and the City. MDED. endler the MOEDRC for any and all claims by third parties arising out at actions in relation to the MOEDRO or performance at he under this Agreement. I 14. Any Nettee to be given by any party to the othere shall be in writing and personally delivered or sent by LLS. registered mail. certi?ed or overnight. as follows (or inieuch manner and to such address 39 designated in writing by any party): On Behalf of The Clty, City of New Orleans M050, and the Mayor?s Of?ce at Econemie Development {Jenna Addktee? Director - 1515 Peydras 31.. Ste. 1150 New Orteene, LA 70112 Nnbte?eech: William B. Hungerford. Jr. 1 President and Managing Member NobleReacthOLA. LLC 3421 N. Ceueeway Blvd, Ste. 301 Metelrle. LA 70002 40ft) . . - THE 01:14 PH cm a 0 5945551255 P. Lu: massage: Mb By: wnuam I us: President Print Name Wm, Print Name . . xi. (zaf?r- swam to and subs ad befom me, W59 mislway ?Mame. 77,? My, a. m/wM/W m0?,ch . Print Mama . BarMnW?l ?nf?