Exhibit 10.2
Agreement Between City Capital
Corporation & REIAssure, Inc.
This Agreement is between REIAssure, Inc.
("REIAssure") a sales and management company located in
Jacksonville, Florida, and City Capital Corporation ("City
Capital") a public corporation involved in real estate investing
nationwide, and located in Franklin, Tennessee, June 5,
2008..
REIAssure agrees to provide sales
services for City Capital, working with leads provided by City
Capital and its affiliates, as well as other sources, to create
qualified clients which are able to purchase properties provided by
City Capital. These services shall include:
·
Managing all leads from all sources,
including data entry of leads into a central file or
program.
·
Initial calls to explain City
Capital’s Credit-Investor program.
·
Closing REIAssure’s qualified
prospects on the program and securing their completed credit
folders.
·
Costs of onsite in person pickup from the
client and express shipping to REIAssure for review before
forwarding on to City Capital loan processing.
·
Second-stage followup resale efforts
(giving notification to each REIAssure customer when a specific
City Capital property is matched with their file, reselling on the
property, area, and the merits of the program) prior to City
Capital’s loan processing and contacting REIAssure’s
client to complete the closing process
In addition, REIAssure will guarantee the
mortgage payments of all REIAssure clients REIAssure sells into
City Capital's Credit-Investor program, who complete the purchasing
and closing process on any property(ies), for the period of 12
months from the date of their closing. (See attached City
Capital Client Agreement and Limited Mortgage Payment
Guarantee)
REIAssure will
