Common use of Management and Leasing Agreements Clause in Contracts

Management and Leasing Agreements. (a) The Company shall cause each Property Owner to enter into a property management agreement substantially in the form of Exhibit E attached hereto (the “Management Agreement”) with Sooner National Property Management, L.P. (the “Property Manager”) or such other entity approved by the Managing Member and the Co-Managing Member. The fee payable to Property Manager shall be as set forth in the Management Agreement. Co-Managing Member hereby approves the Property Manager and Exhibit E as the Management Agreement. (b) The Company shall also cause each Property Owner to enter into a leasing agreement substantially in the form of Exhibit F attached hereto (the “Leasing Agreement”) with J&P Realty Services, Inc. (the “Leasing Agent”) or such other entity approved by the Managing Member and the Co-Managing Member. The fee payable to Leasing Agent shall be as set forth in the Leasing Agreement. Co-Managing Member hereby approves the Leasing Agent and Exhibit F as the Leasing Agreement. (c) Each of the initial Property Manager and the initial Leasing Agent is an Affiliate of JV Member, and therefore, the initial Management Agreement and the initial Leasing Agreement are Affiliate Agreements for purposes of Section 2.01 (d)