STANDARD FORM OF AGREEMENT BETWEEN OWNER AND DESIGN/BUILDER

                                                                   EXHIBIT 10.55

                       STANDARD FORM OF AGREEMENT BETWEEN

                            OWNER AND DESIGN/BUILDER

THIS DOCUMENT HAS IMPORTANT LEGAL CONSEQUENCES; CONSULTATION WITH AN ATTORNEY IS

ENCOURAGED WITH RESPECT TO ITS USE,  COMPLETION OR MODIFICATION.  AUTHENTICATION

OF THIS  ELECTRONICALLY  DRAFTED AIA  DOCUMENT MAY BE MADE BY USING AIA DOCUMENT

D401.

This  document  comprises two separate  Agreements:  Part 1 Agreement and Part 2

Agreement. To the extent  referenced in these  Agreements,  subordinate  parallel

agreements  to A191 consist of AIA Document  A491,  Standard  Form of Agreements

Between  Design/Builder and Contractor,  and AIA Document B901, Standard Form of

Agreements Between Design/Builder and Architect.

Copyright  1985,  (C)1996 The American  Institute of  Architects,  1735 New York

Avenue,  NW, Washington,  DC 20006-5292.  Reproduction of the material herein or

substantial  quotation of its provisions  without the written  permission of the

AIA  violates  the  copyright  laws of the United  States and will  subject  the

violator to legal prosecution.

                                    AGREEMENT

                                  1996 EDITION

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AGREEMENT

made as of the 11th day of November in the year of 2004

(IN WORDS, INDICATE DAY, MONTH AND YEAR.)

BETWEEN the Owner:

(NAME AND ADDRESS)

MONTICELLO RACEWAY MANAGEMENT, INC.

204 State Route 17B

Monticello. NY 12701

Design/Builder:

(NAME AND ADDRESS)

Armistead Mechanical

168 Hopper Avenue

Waldwick, NJ 74630

For the following Project:

(INCLUDE PROJECT NAME, LOCATION AND A SUMMARY DESCRIPTION.)

New Horse Paddock-consisting of approximately 16,000 s.f. located on the grounds

of Monticello Raceway, Monticello, NY 12701

The  Plumbinq and HVAC  services  described in Article 3 will be provided by the

Design Builder

(NAME AND ADDRESS)    (REGISTRATION NUMBER)     (RELATIONSHIP TO DESIGN/BUILDER)

Armistead Mechanical

168 Hopper Avenue

Waldwick, NJ 74630

Normal  Plumbing and HVAC  engineering  services will be provided  contractually

through Desgin Builder except as indicated below:

(NAME AND ADDRESS)    (REGISTRATION NUMBER)     (RELATIONSHIP TO DESIGN/BUILDER)

SJM Associates                                        Mechanical Engineer

4800 Route 28

Boiceville, NY 12412

The Owner and the Design/Builder agree as set forth below.

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(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

                        TERMS AND CONDITIONS - AGREEMENT

                                   ARTICLE 1

                               GENERAL PROVISIONS

1.1         BASIC DEFINITIONS

1.1.1.      The Contract  Documents  consist of the documents  listed in Article

14, and this Agreement, the Design/Builder's Proposal and written addenda to the

Proposal  identified in Article 14, the Construction  Documents  approved by the

Owner in  accordance  with  Subparagraph  3.2.3 and  Modifications  issued after

execution  of this  Part 2  Agreement.  A  Modification  is a Change  Order or a

written  amendment to this Agreement  signed by both parties,  or a Construction

Change Directive issued by the Owner in accordance with Paragraph 8.3.

1.1.2       The term "Work" means the construction and services  provided by the

Design/Builder to fulfill the Design/Builder's obligations.

1.1.3       The term  "Contractor"  when  referred to in the Contract  Documents

shall be deemed to mean and refer to the Design/Builder herein.

1.2         EXECUTION, CORRELATION AND INTENT

1.2.1       It is the intent of the Owner and  Design/Builder  that the Contract

Documents include all items necessary for proper execution and completion of the

Work.  The Contract  Documents  are  complementary,  and what is required by one

shall be binding as if required by all;  performance by the Design/Builder shall

be required only to the extent consistent with and reasonably inferable from the

Contract  Documents as being  necessary to produce the intended  results.  Words

that have well-known  technical or construction  industry  meanings are used in

the Contract Documents in accordance with such recognized meanings.

1.2.2       If the Design/Builder  believes or is advised by the Architect or by

another  design  professional  retained to provide  services on the Project that

implementation  of any  instruction  received  from  the  Owner  would  cause  a

violation of any applicable  law, the  Design/Builder  shall notify the Owner in

writing.  Neither the  Design/Builder  nor the  Architect  shall be obligated to

perform any act which either believes will violate any applicable law.

1.2.3       Nothing   contained  in  this  Part  2  Agreement   shall  create  a

contractual  relationship  between the Owner and any person or entity other than

the Design/Builder.

1.3         OWNERSHIP AND USE OF DOCUMENTS

1.3.1  Drawings,   specifications,  and  other  documents  and  electronic  data

furnished by the Design/Builder are instruments of service. The Design/Builder's

Architect and other providers of  professional  services shall retain all common

law,  statutory  and  other  reserved  rights,  including  copyrights  in  those

instruments of service furnished by them.  Drawings,  specifications,  and other

documents and electronic  data are furnished for use solely with respect to this

Agreement. The Owner shall be permitted to retain copies, including reproducible

copies, of the drawings, specifications, and other documents and electronic data

furnished by the Design/Builder for information and reference in connection with

the Project except as provided in Subparagraphs 1.3.2 and 1.3.3.

1.3.2       Drawings,  specifications,  and other  documents and electronic data

furnished  by the  Design/Builder  shall  not be used by the  Owner or others on

other projects,  for additions to this Project or for completion of this Project

by others,  except by agreement in writing and with appropriate  compensation to

the Design/Builder, unless the Design/Builder is adjudged to be in default under

this Agreement or under any other subsequently executed agreement.

1.3.3       If the Design/Builder  defaults in the Design/Builder's  oblgiations

to the  Owner,  the  Architect  shall  grant a  license  to the Owner to use the

drawings,  specifications,  and other documents and electronic data furnished by

the  Architect  to the  Design/Building  for  the  completion  of  the  Project,

conditioned   upon  the   Owner's   execution   of  an   agrement  to  cure  the

Design/Builder's  default in payment to the  Architect  for services  previously

performed and to indemnify the Architect with regard to claims arising from such

reuse without the Architect's professional involvement.

1.3.4       Submission or distribution of the Design/Builder's documents to meet

official regulatory  requirements or for similar purposes in connection with the

Project  is not to be  construed  as  publication  in  derogation  of the rights

reserved in Subparagraph 1.3.1

--------------------------------------------------------------------------------

(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

                                   ARTICLE 2

                                     OWNER

2.1         The Owner shall designate a representative  authorized to act on the

Owner's  behalf  with  respect  to the  Project.  The  Owner or such  authorized

representative shall examine documents submitted by the Design/Builder and shall

render decisions in a timely manner and in accordance with the schedule accepted

by the Owner. The Owner may obtain  independent review of the Contract Documents

by a separate architect,  engineer,  contractor or cost estimator under contract

to or employed by the Owner. Such independent  review shall be undertaken at the

Owner's  expense in a timely manner and shall not delay the orderly  progress of

the Work.

2.2         The Owner may appoint an on-site project  representative  to observe

the Work and to have such other responsibilities as the Owner and Design/Builder

agree in writing.

2.3         The  Owner  shall  cooperate  with the  Design/Builder  in  securing

building and other  permits,  licenses and  inspections.  The Owner shall not be

required to pay the fees for such permits, licenses and  inspections  unless the

cost of such fees is excluded from the Design/Builder's Proposal.

2.4         The Owner shall  furnish  services of land  surveyors,  geotechnical

engineers  and  other  consultants  for  subsoil,   air  and  water  conditions,

Agreement,  when such  services are deemed  necessary by the  Design/Builder  to

properly carry out the design services required by this Agreement.

2.5         The Owner  shall  disclose,  to the extent  known to the Owner,  the

results and reports of prior tests,  inspections or investigations conducted for

the Project involving: structural or mechanical systems; chemical, air and water

pollution;   hazardous   materials;   or  other   environmental  and  subsurface

conditions.  The  Owner  shall  disclose  all  information  known  to the  Owner

regarding the presence of pollutants at the Project's site.

2.6         The  Owner  shall  furnish  all  legal,   accounting  and  insurance

counselling services as may be necessary at any time for the Project,  including

such auditing  services as the Owner may require to verify the  Design/Builder's

Applications for Payment.

2.7         Those  services,  information,   surveys  and  reports  required  by

Paragraphs  2.4  through  2.6 which are  within  the  Owner's  control  shall be

furnished at the Owner's expense,  and the  Design/Builder  shall be entitled to

rely upon the accuracy and completeness thereof,  except to the extent the Owner

advises the Design/Builder to the contrary in writing.

2.8.        If the Owner  requires  the  Design/Builder  to maintain any special

insurance  coverage,  policy,  amendment,  or  rider,  the  Owner  shall pay the

additional cost thereof, except as otherwise stipulated in this Agreement.

2.9         If the  Owner  observes  or  otherwise  becomes  aware of a fault or

defect in the Work or nonconformity  with the  Design/Builder's  Proposal or the

Construction  Documents,  the Owner shall give prompt  written notice thereof to

the Design/Builder.

2.10        The Owner  shall,  at the  request of the  Design/Builder,  prior to

execution of this Agreement and promptly upon request thereafter, furnish to the

Design/Builder reasonable evidence that financial arrangements have been made to

fulfill the Owner's obligations under the Contract.

2.11        The Owner shall  communicate  with  persons or entities  employed or

retained by the  Design/Builder  through the  Design/Builder,  unless  otherwise

directed by the Design/Builder.

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(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

                                   ARTICLE 3

                                 DESIGN/BUILDER

3.1         SERVICES AND RESPONSIBILITIES

3.1.1.      Design services required by this Agreement shall be performed by

qualified architects and other design professionals.  The contractual obligations

of such professional persons or entities are undertaken and performed in the

interest of the Design/Builder.

3.1.2       The agreements betweeen the Design/Builder and the persons or

entities identified in this Agreement, and any subsequent modifications, shall be

in writing.  These agreements, including financial arrangements with respect

to this Project, shall be promptly and fully disclosed to the Owner upon request.

3.1.3       The Design/Builder shall be responsible to the Owner for acts and

omissions of the Design/Builder's employees, subcontractors and their agents

and employees, and other persons, including the Architect and other design

professionals, performing any portion of the Design/Builder's obligations under

this Agreement.

3.2         BASIC SERVICES

3.2.1       The  Design/Builder's  Basic  Services  are  described  below and in

Article 14.

3.2.2       The  Design/Builder  shall designate a representative  authorized to

act on the Design/Builder's behalf with respect to the Project.

3.2.3       The Design/Builder  shall submit  Construction  Documents for review

and  approval  by  the  Owner.  Construction  Documents  may  include  drawings,

specifications,  and other documents and electronic data setting forth in detail

the requirements for construction of the Work, and shall:

            .1    be  consistent   with  the  intent  of  the   Design/Builder's

                  Proposal;

            .2    provide  information  for the  use of  those  in the  building

                  trades; and

            .3    include documents  customarily  required for regulatory agency

                  approvals.

3.2.4       The  Design/Builder,  with the  assistance of the Owner,  shall file

documents  required to obtain  necessary  approvals of governmental  authorities

having jurisdiction over the project.

3.2.5       The  Design/Builder  shall provide or cause to be provided and shall

pay for  design  services,  labor,  materials,  equipment,  tools,  construction

equipment  and  machinery,  water,  heat,  utilities,  transportation  and other

facilities  and services  necessary for proper  execution and  completion of the

Work,  whether  temporary or permanent and whether or not  incorporated or to be

incorporated in the Work.

3.2.6       The Design/Builder  shall be responsible for all construction means,

methods, techniques, sequences and procedures, and for coordinating all portions

of the Work under this Agreement.

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(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

3.2.7       The Design/Builder shall keep the Owner informed of the progress and

quality of the Work.

3.2.8       The  Design/Builder  shall be responsible  for correcting Work which

does not conform to the Contract Documents.

3.2.9       The  Design/Builder   warrants  to  the  Owner  that  materials  and

equipment  furnished  under the Contract  will be of good quality and new unless

otherwise required or permitted by the Contract Documents, that the construction

will be free from faults and  defects,  and that the  construction  will conform

with the requirements of the Contract Documents.  Construction not conforming to

these requirements,  including substitutions not properly approved by the Owner,

shall be corrected in accordance with Article 9.

3.2.10      The Design/Builder  shall pay all sales,  consumer,  use and similar

taxes which had been legally enacted at the time the  Design/Builder's  Proposal

was first  submitted  to the Owner,  and shall  secure and pay for  building and

other permits and governmental fees, licenses and inspections  necessary for the

proper execution and completion of the Work which are either customarily secured

after execution of a contract for  construction  or are legally  required at the

time the Design/Builder's Proposal was first submitted to the Owner.

3.2.11      The  Design/Builder  shall comply with and give notices  required by

laws,  ordinances,  rules,  regulations and lawful orders of public  authorities

relating to the Project.

3.2.12 The  Design/Builder  shall pay  royalties  and license  fees for patented

designs,  processes or products. The Design/Builder shall defend suits or claims

for infringement of patent rights and shall hold the Owner harmless from loss on

account  thereof,  but shall not be responsible  for such defense or loss when a

particular design,  process or product of a particular  manufacturer is required

by the Owner.  However, if the Design/Builder has reason to believe the use of a

required  design,  process  or  product  is an  infringement  of a  patent,  the

Design/Builder  shall be  responsible  for such loss unless such  information is

promptly furnished to the Owner.

3.2.13      The Design/Builder shall keep the premises and surrounding area free

from  accumulation of waste materials or rubbish caused by operations under this

Agreement.  At the completion of the Work, the Design/Builder  shall remove from

the site waste materials,  rubbish,  the  Design/Builder's  tools,  construction

equipment, machinery, and surplus materials.

--------------------------------------------------------------------------------

(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

3.2.14      The  Design/Builder  shall notify the Owner when the  Design/Builder

believes  that the Work or an  agreed  upon  portion  thereof  is  substantially

completed. If the Owner concurs, the Design/Builder shall issue a Certificate of

Substantial Completion which shall establish the Date of Substantial Completion,

shall state the  responsibility of each party for security,  maintenance,  heat,

utilities, damage to the Work and insurance, shall include a list of items to be

completed  or corrected  and shall fix the time within which the  Design/Builder

shall  complete   items  listed   therein.   Disputes   between  the  Owner  and

Design/Builder  regarding the  Certificate  of Substantial  Completion  shall be

resolved in accordance with provisions of Article 10.

3.2.15      The  Design/Builder  shall  maintain  at the site for the  Owner one

record  copy  of the  drawings,  specifications,  product  data,  samples,  shop

drawings,  Change  Orders and other  modifications,  in good order and regularly

updated to record the  completed  construction.  These shall be delivered to the

Owner upon completion of construction and prior to final payment.

3.3         ADDITIONAL SERVICES

3.3.1       The  services  described in this  Paragraph  3.3 are not included in

Basic Services unless so identified in Article 14, and they shall be paid for by

the Owner as provided in this  Agreement,  in addition to the  compensation  for

Basic Services.  The services  described in this Paragraph 3.3 shall be provided

only if authorized or confirmed in writing by the Owner.

3.3.2       Making revisions in drawings, specifications, and other documents or

electronic data when such revisions are required by the enactment or revision of

codes,  laws or regulations  subsequent to the  preparation of such documents or

electronic data.

3.3.3       Providing  consultation  concerning  replacement  of Work damaged by

fire or other cause during  construction,  and furnishing  services  required in

connection with the replacement of such Work.

3.3.4       Providing services in connection with a public hearing,  arbitration

proceeding  or legal  proceeding,  except  where the  Design/Builder  is a party

thereto.

3.3.5       Providing  coordination of construction performed by the Owner's own

forces or  separate  contractors  employed  by the Owner,  and  coordination  of

services  required in  connection  with  construction  performed  and  equipment

supplied by the Owner.

3.3.6       Preparing a set of reproducible  record documents or electronic data

showing significant changes in the Work made during construction.

3.3.7       Providing assistance in the utilization of equipment or systems such

as  preparation of operation and  maintenance  manuals,  training  personnel for

operation and maintenance, and consultation during operation.

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(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

                                   ARTICLE 4

                                      TIME

4.1         Unless otherwise  indicated,  the Owner and the Design/Builder shall

perform their  respective  obligations as  expeditiously  as is consistent  with

reasonable skill and care and the orderly progress of the Project.

4.2         Time limits stated in the Contract Documents are of the essence. The

Work to be performed  under this Part 2 Agreement shall commence upon receipt of

a  notice  to  proceed  unless  otherwise  agreed  and,  subject  to  authorized

Modifications,  Substantial  Completion  shall be achieved on or before the date

established in Article 14.

4.3         Substantial Completion is the stage in the progress of the Work when

the Work or designated  portion thereof is  sufficiently  complete in accordance

with the Contract  Documents so the Owner can occupy or utilize the Work for its

intended use.

4.4         Based on the  Design/Builder's  Proposal,  a  construction  schedule

shall be provided consistent with Paragraph 4.2 above.

4.5         If the  Design/Builder is delayed at any time in the progress of the

Work  by an  act or  neglect  of  the  Owner,  Owner's  employees,  or  separate

contractors  employed  by the Owner,  or by changes  ordered in the Work,  or by

labor disputes,  fire,  unusual delay in deliveries,  adverse weather conditions

not reasonably anticipatable,  unavoidable casualties or other causes beyond the

Design/Builder's   control,   or  by  delay  authorized  by  the  Owner  pending

arbitration,  or by other  causes which the Owner and  Design/Builder  agree may

justify  delay,  then the Contract Time shall be  reasonably  extended by Change

Order.

--------------------------------------------------------------------------------

(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

                                   ARTICLE 5

                                    PAYMENTS

5.1         PROGRESS PAYMENTS

5.1.1       The Design/Builder shall deliver to the Owner itemized  Applications

for Payment in such detail as indicated in Article 14.

5.1.2       Within  Thirty  (30)  days  of the  Owner's  receipt  of a  properly

submitted and correct  Application for Payment,  the Owner shall make payment to

the Design/Builder.

5.1.3       The Application for Payment shall constitute a representation by the

Design/Builder  to the Owner that the design and construction have progressed to

the point  indicated,  the quality of the Work covered by the  application is in

accordance with the Contract  Documents,  and the  Design/Builder is entitled to

payment in the amount requested.

5.1.4       Upon receipt of payment  from the Owner,  the  Design/Builder  shall

promptly pay the Architect,  other design  professionals and each contractor the

amount  to  which  each is  entitled  in  accordance  with  the  terms  of their

respective contracts.

5.1.5       The Owner shall have no obligation under this Agreement to pay or to

be  responsible  in any  way  for  payment  to  the  Architect,  another  design

professional or a contractor performing portions of the Work.

5.1.6       Neither  progress  payment nor partial or entire use or occupancy of

the  Project  by the  Owner  shall  constitute  an  acceptance  of  Work  not in

accordance with the Contract Documents.

5.1.7       The Design/Builder  warrants that title to all construction  covered

by an  Application  for Payment will pass to the Owner no later than the time of

payment.  The  Design/Builder   further  warrants  that  upon  submittal  of  an

Application for Payment all  construction  for which payments have been received

from the Owner shall be free and clear of liens,  claims, security  interests or

encumbrances  in favor of the  Design/Builder  or any  other  person  or  entity

performing  construction  at the  site  or  furnishing  materials  or  equipment

relating to the construction.

5.1.8       At the time of  Substantial  Completion,  the  Owner  shall  pay the

Design/Builder  the retainage,  if any, less the  reasonable  cost to correct or

complete  incorrect or incomplete Work. Final payment of such withheld sum shall

be made upon correction or completion of such Work.

5.2         FINAL PAYMENT

5.2.1       Neither final payment nor amounts retained, if any, shall become due

until the  Design/Builder  submits to the Owner: (i) an affidavit that payrolls,

bills for materials and  equipment,  and other  indebtedness  connected with the

Work for which the Owner or Owner's  property might be responsible or encumbered

(less amounts withheld by the Owner) have been paid or otherwise satisfied;  (2)

a certificate  evidencing,  that insurance required by the Contract Documents to

remain in force  after  final  payment  is  currently  in effect and will not be

canceled or allowed to expire until at least 30 days' prior  written  notice has

been given to the Owner; (3) a written statement that the  Design/Builder  knows

of no  substantial  reason that the insurance will not be renewable to cover the

period  required by the Contract  Documents;  (4) consent of surety,  if any, to

final payment; and (5) if required by the Owner, other data establishing payment

or satisfaction of obligations, such as receipts, releases and waivers of liens,

claims,  security interests or encumbrances arising out of the Contract,  to the

extent and in such form as may be  designated  by the Owner.  If a contractor or

other person or entity  entitled to assert a lien  against the Owner's  property

refuses to furnish a release or waiver required by the Owner, the Design/Builder

may furnish a bond satisfactory to the Owner to indemnify the Owner against such

lien.  If  such  lien  remains   unsatisfied   after   payments  are  made,  the

Design/Builder  shall  indemnify  the  Owner  for all loss and  cost,  including

reasonable attorney's fees incurred as a result of such lien.

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(C) 1996 THE AMERICAN  INSTITUTE  OF  ARCHITECTS,  1735 NEW YORK  AVENUE,  N.W.,

WASHINGTON, D.C. 20006-5292. AIA DOCUMENT A191 o OWNER-DESIGN/BUILDER  AGREEMENT

o 1996  EDITION  o AIA(R)  o  WARNING:  Unlicensed  photocopying  violates  U.S.

copyright  laws  and  is  subject  to  legal  prosecution.   This  document  was

electronically  produced  with  permission  of the AIA and can be  reproduced in

accordance with your license  without  violation until the date of expiration as

noted     below.     expiration     as    noted    below.     User     Document:

a191-armistead-11-9-04.aia  --  11/10/2004.  AIA License Number  1500563,  which

expires on 12/31/2004.

5.2.2       When the Work has been completed and the contract  fully  performed,

the  Design/Builder  shall submit a final  application for payment to the Owner,

who shall make final payment within 30 days of receipt.

5.2.3       The making of final payment  shall  constitute a waiver of claims by

the Owner except those arising from:

            .1    liens, claims,  security interests or encumbrances arising out

                  of the Contract and unsettled;

            .2    failure  of the Work to comply  with the  requirements  of the

                  Contract Documents; or

            .3    terms  of  special   warranties   required  by  the   Contract

                  Documents.

5.2.4       Acceptance of final payment shall  constitute a waiver of all claims

by the Design/Builder  except those previously made in writing and identified by

the Design/Builder as unsettled at the time of final Application for Payment.

                                   ARTICLE 6

                       PROTECTION OF PERSONS AND PROPERTY

6.1         The Design/Builder shall be responsible for initiating,  maintaining

and providing  supervision of all safety  precautions and programs in connection

wwith the performance of this Agreement.

6.2         The Design/Builder shall take reasonable  precautions for the safety

of, and shall provide  reasonable  protection to prevent damage,  injury or loss

to: (i) employees on the Work and other persons who may be affected thereby; (2)

the Work and  materials  and equipment to be  incorporated  therein,  whether in

storage  on  or  off  the  site,  under  case,   custody,   or  control  of  the

Design/Builder or the Design/Builder's contractors; and (3) other property at or

adjacent thereto,  such as trees,  shrubs, lawns,  walks,  pavements,  roadways,

structures and utilities not designated for removal relocation or replacement in

the course of construction.

6.3         The  Design/Builder  shall give  notices and comply with  applicable

laws,  ordinances,  rules,  regulations and lawful orders of public  authorities

bearing on the safety of persons or property or their  protection  from  damage,

injury or loss.

6.4