ranchos sierra del nido

Transcription

ranchos sierra del nido
RANCHOS SIERRA DEL NIDO
CHIHUAHUA, MEXICO
$12,000,000 USD | 21,567± HECTARES OR 53,293 ± ACRES
LISTING AGENT: TYLER JACOBS
543 WILLIAM D. FITCH, STE 104
COLLEGE STATION, TEXAS 77845
P: 979.690.9933
M: 936.537.1749
[email protected]
Land… that’s where it all begins. Whether it is ranch land
or family retreats, working cattle ranches, plantations,
farms, estancias, timber or recreational ranches for sale,
it all starts with the land.
Since 1946, Hall and Hall has specialized in serving
the owners and prospective owners of quality rural real
estate by providing mortgage loans, appraisals, land
management, auction and brokerage services within a
unique, integrated partnership structure.
Our business began by cultivating long-term relationships
built upon personal service and expert counsel. We have
continued to grow today by being client-focused and
results-oriented—because while it all starts with the
land, we know it ends with you.
W I TH O F F I C ES I N :
E ATON, C O LO R A DO
B I LLI N G S , M O N TA N A
D ENVE R , C O LO R A D O
B OZ EM A N , M O N TA N A
STE A M BOAT SP R INGS, C O LO R A DO
M I S S O U LA , M O N TA N A
SU N VA LLE Y, I DA H O
B U F FA LO, W YO M I N G
H U TCH INSON , KA N S A S
C O LL EG E STAT I O N , T EXA S
NORTH PLATTE, NEBRAS KA
LU B B O C K , TE XA S
S O U TH E A STE R N U S
SA LES
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AU CTIONS
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FINANCE
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A P P R A I S A LS
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M A N AG EM EN T
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EXECUTIVE SUMMARY
Ranchos Sierra del Nido is comprised of approximately 53,293 acres of high mountain
ranchland in central Chihuahua, Mexico. This is a place where mountain peaks reaching
close to 10,000 feet rise above the high undulating mesas of rangeland and steep
timbered valleys below. Numerous spring-fed creeks run through the canyon floors
and from the mesa tops where they create a few spectacular seasonal waterfalls. An
abundance of large game and timber resources combined with quality cattle production
all contribute to the uniqueness of the ranch. Above all else, the ranch’s mountain
beauty is unique and unexpected to most persons familiar with ranchland in Mexico.
While currently under-improved, the ranch possesses a scale of beauty and biological
diversity rarely found in such large acreage offerings. Rugged alpine peaks give way
to aspen groves and lush creek bottoms that contrast strikingly with the grama grass,
zacaton, and pinon-covered mesas below. Broad and well-grassed canyons continue in an
almost never-ending climb to the summits. Miles of well-developed internal ranch roads
provide accessibility to much of the ranch, while rustic and aged improvements sustain
the current ranch tenant.
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LOCATION
The ranch is an easy 3.5 hour drive south
from El Paso, Texas or just over an hour’s
drive from Chihuahua City – both of which
are served by U.S and Mexican air carriers.
Specifically, the ranch is located roughly
7 miles north of the Mennonite farming
community of Santa Clara and accessed
off of Highway 27 south of the town of San
Lorenzo. Current and historic vehicular
access to the ranch is provided via a
permanent easement though the Preito
family’s Rancho del Manga consisting of
approximately 10 miles of graded road
via gated entrance at the highway. A
2,500-foot dirt landing strip located on
the ranch has historically provided quick
small aircraft or helicopter access from
Chihuahua City.
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El Nido and Pajarito Ranges
RS Futch Dot Com
Ranch Access Easement
Page 1 of 1
27
Larger Map
LOCALE
The ranch encompasses nearly the entire
southwestern slope of the El Nido and
Pajarito ranges of the Sierra Madre Oriental
formation in central Chihuahua, Mexico. The
ranch overlooks the great Mexican Plateau
to the west, most of which resembles the
highland ranches of west Texas. Neighboring
properties along the southern and western
borders of the property are large, privatelyheld cattle ranches of 3,000 or more
hectares (7,410± acres) with one small
“ejido” or communal farm to the north.
The eastern ranch boundary is in a more
natural state, generally reaching the summit
Large Adjacent Landowners
divide of the mountains where it runs south,
paralleling a large private ranch to the east. The surrounding communities are a unique blend
of Mennonite settlements (“campos”) and the small villages typical of northern Mexico. Passing
through the valley below the ranch one will note large, modern farms with familiar equipment
and methods typical of the midwestern United States. Indeed, the local English speaking
Mennonite community offers many excellent amenities and necessities such as restaurants,
farm and ranch supply stores, tire shops, mechanics, and groceries. More traditional Mexican
service providers and trades are located in nearby villages such as Santa Clara Namiquipa or
San Lorenzo. This is a place of rich lands and cultural diversity where the natural resources
safely reside in a beautiful setting and the seemingly stable and safe region of Chihuahua.
http://www.rsfutch.com/index2.php?option=com_jce&task=popup&img=images/stories/Chi... 3/2/2015
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GENERAL DESCRIPTION
Legally consisting of two contiguous properties
-- Sierra del Nido and Rancho el Mesteno -Ranchos Sierra del Nido has been managed
historically as a high mountain cow/calf ranch
As such, one can expect a quiet and serene
environment, punctuated by the culture of
traditional agrarian Mexico. The ranch also
serves the owner who is interested in enhancing
the property’s many water, timber, wildlife, and
alpine resources. Abundant canyon streams
and springs are well situated to develop
reservoirs capitalizing on the above-average
precipitation of the area and could be further
leveraged to benefit both game and livestock
on the ranch. In estimating a possible 1,200
animal unit carrying capacity, further inquiry is
truly needed, but the assumption is that this
number is conservative and likely limited only
by management and infrastructure.
The ranch consists of a functional set of
residential improvements that sustain labor
and tenants.
For a new owner there are
literally dozens of stunning sites across the
ranch from which to choose to construct a
secluded residential compound. There are
ridgeline views that are immeasurable and
canyons so beautifully remote as to almost
make the land planning options overwhelming.
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The timber assets on Ranchos Sierra del Nido are
abundant and varied. While there have been some
estimations of this, the detailed quantities and
values should be updated for a new landowner.
Timber in Chihuahua is permitted through
licensing with Mexican authorities, and the ranch
has harvested timber in limited amounts in the
distant and recent past. The timber value alone
may nominally represent as much as 50% of the
offering price, which further amplifies the value
pricing in this offering.
When combined with opportunities for developing
the water resources of the ranch, the potential for
enhancing the ecological, wildlife, physical, and
agricultural features of the ranch will truly excite
and inspire any land steward.
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ACREAGE
Sierra del Nido:
29,254± Acres
(11,839± Hectares)
Rancho el Mesteno:
24,038± Acres
( 9,728± Hectares)
Total Acres / Hectares:
53,293± Acres
(21,567± Hectares)
Both properties are currently held by a US citizen through fee simple ownership.
ACREAGE BREAKDOWN
90± acres cultivation, most recently oats or
formerly alfalfa.
Approximately half of the gross acreage would
be considered grassland/short timber mesa,
while the other half would be considered alpine
range, canyon, valley, or summit.
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LEASES AND PERMITS
The ranch’s grazing rights are currently leased to a neighboring rancher, under short term
agreement.
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IMPROVEMENTS
Current improvements are rustic but have
served the current cattle operation well. The
main headquarters includes two small, rustic
ranch houses suitable for ranch staff or as
a base camp for hunting future operations.
Directly across from these homes are a large
set of cattle corrals, complete with a scale,
squeeze chutes, horse pens, ranch hand
quarters and storage areas. Several smaller
corrals are located throughout the ranch. An
existing 2,500 foot dirt airstrip is located
near the headquarters. Though usable, the
airstrip would benefit from reconditioning.
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CLIMATE
The ranch and Sierra del Nido range
reportedly receive nearly 25 inches of
precipitation per year, most of which
falls between the months of June and
September. Generally, the climate
will mirror that of most high desert
mountain ranges in the southwestern
United States. While lower elevations
will be more arid and significantly
warmer, the summertime temperatures
here will reach into the high 70s
and low 80s, with cool mornings and
evenings. Winters are relatively mild
in the lower elevations of the ranch.
However, it is not uncommon for the
ranch to receive significant snowfall
in the winter season, especially at
the higher elevations. While there
are significant micro-climates on the
ranch, the average annual temperature
is approximately 65°F.
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GENERAL OPERATION
Ranchos Sierra del Nido have historically
been operated as working cattle ranches. The
properties are currently utilized for grazing by a
tenant and have seen some selective logging of
pine and oak. Though not utilized, the ranch’s
expansive size and diversity of wildlife and
terrain offer endless opportunities for those
interested in conservation or recreation. The
future development of the wildlife resources
and the management thereof is key for
long-term planning and offers a significant
income opportunity. Of particular focus are
Boone and Crocket Coue’s deer as well as
the Gould’s turkey. The diversity and habitat
of this large ranch offers a balance and
available range uncommon in North America,
supporting a wilderness character unlike
any other. The environment and terrain of
Ranchos Sierra del Nido is also conducive of
an exceptional mountain lion hunt, currently
allotting up to 20 tags per year, as well as
tremendous black bear which occur in a
number of color variations. The combination of
cattle, conservation, recreation, and hunting
offers a comprehensive operation that can
be leveraged and shaped with tremendous
impact. Ranchos Sierra del Nido is truly
unique across such a varied and beautiful
landscape.
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Endless possibilities abound at
Ranchos Sierra del Nido for a
magnificent multifaceted mecca.
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WATER RESOURCES
Nearly a dozen creeks fed by both a huge seasonal
watershed and numerous undeveloped springs
provide water throughout the ranch. Though
there are two large stock ponds, the overall
water resources are relatively undeveloped
and could be significant augmented through
building additional earthen dams as well as
through the implementation of solar pumps
and gravity tanks. While accurate data is hard
to find in this region, the ranch catches an
above-average amount of precipitation with
the western front of the property engaging the
pacific moisture moving east, providing upwards
of 25 inches of precipitation annually. There is
a water well casing near the headquarters, but
further details are unknown at this time.
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Map exert from ecological report. - Available upon request.
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Figura 9. Condición de funcionalidad de áreas ribereñas en los principales cauces d
Rancho Sierra de
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GRAZING RESOURCE
Ranchos Sierra Del Nido is divided into roughly 15 primary pastures, though not all currently
have sustainable livestock water. Additional quality grazing areas are available, but have not
been utilized or are underutilized as they are either in need of fencing or water development.
Strong native grama grass is complemented by bluestems, buffalo grass, galleta grass, and
several muhly grass species. Generally speaking, the majority of the range is in fair-to-excellent
condition. The fertile soils of the mesas, lower pastures, canyon floors, and cultivated fields
support the current cattle herd with little to no external inputs.
TIMBER RESOURCE
The largest and most valuable timber resource consists of ponderosa pine, accompanied by
pinyon pine, Chihuahuan pine, Mexican Douglas fir, Oyamel fir, Gambel’s oak, three additional
species of oak, white willow, aspen, cottonwood, and even Arizona madrone. While a current
timber valuation would be prudent for any buyer, the current owner believes that the timber
value alone may nominally represent as much as 50 percent of the offering price.
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WILDLIFE RESOURCES
• Coue’s whitetail
• Mountain lion
• Thick-billed parrot
• Black bear
• Montezuma or Mearn’s quail
• Short-eared quetzal
• Gould’s turkey
• Javelina
• Elegant trogon
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RECREATIONAL CONSIDERATIONS
The size of Ranchos Sierra del Nido alone offers unique recreational opportunities while the
endless canyons, mountain tops, timber and wildlife set up the property to be a recreational
treasure. The current owner has a 167-page study completed in 2009, detailing most of the
possibilities and revenue expectations involving recreational development of the ranch. A
comprehensive ecological and biological survey is also included. Please contact the listing
broker for a copy.
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AESTHETIC CONSIDERATIONS
This ranch will impress upon any visitor the stunning
beauty and diversity unexpectedly offered in a Mexican
ranch. Not only is the ranch aesthetically exceptional,
so are the surrounding foothill ranchlands, resembling
the best of the highland ranches in the Marfa area of
far west Texas. The aspen trees, breathtaking views,
and unrivaled serenity offer true joy around every
canyon bend. The general nature of this ranch, from its
staggering mountainside sheer faces, aspen and pine
forests, frigid canyon hide-aways, and sun-warmed
grassy rangelands provide a truly unexpected first
experience.
HISTORY
There are ancient pictographs located not far from
the headquarters compound, but most of the ranch’s
history is yet to be discovered. Ranchos Sierra del
Nido has been owned by a family from the US for
approximately 12 years.
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TAXES
Property taxes are approximately $2,400
per year.
WATER RIGHTS
All vested water rights are understood to be
intact, subject to the governing authorities
of Mexico.
MINERAL RIGHTS
All vested mineral rights are understood
to be intact, subject to the governing
authorities of Mexico.
ADDITIONAL INFORMATION
There has been a significant amount of
interest in wind farm development on this
ranch. It has been communicated to the
seller that future joint cooperation in such
a venture would be of significant interest to
the wind farm development group.
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BROKER’S COMMENT
This is likely the finest mountain ranch, in its
native state, that this broker has had the pleasure
of visiting. The sheer size of the property offering
is quite impressive, but it never seems to lack in
quality. The possibilities to develop Ranchos Sierra
del Nido are quite endless, whether agriculturally
or recreationally or some combination of both. The
mountain ecology, the abundant game, and the
pristine setting all contribute to making this ranch
exceptionally memorable.
It is also of notable comment, that while there
seems to be some apprehension about personal
safety in Mexico, this broker nor his travel
companions experienced any threat or concern in
our travels to the ranch. Reasonable caution is
warranted on highways and small cities, and one
should avoid known troubled areas. To the largest
degree of expression, the broker will have no
concern in returning again as opportunity allows.
Overall, Mexico is a country with great people and
fine ranches.
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Click on map above for link to Google Earth map of property.
PRICE
$12,000,000 USD
TERMS
Cash at closing, or other terms acceptable to Seller.
SPECIAL CONDITIONS
Hall and Hall advises all purchasers of real property to consider acquiring title insurance,
which is commonly available in Mexico. Please be aware of travel dangers within Mexico.
Contact the US State Department for more information. Showing to qualified clientele will
be arranged by appointment with necessary travel arrangements confirmed.
NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice,
and approval of purchase by owner. Information regarding land classifications, acreages, building
measurements, carrying capacities, potential profits, etc., are intended only as general guidelines
and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee.
Prospective buyers should verify all information to their satisfaction. Prospective buyers should also
be aware that the photographs in this brochure may have been digitally enhanced.
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ADDITIONAL SERVICES OFFERED BY HALL AND HALL
1. MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and
to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often
begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of
a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight,
and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a
management firm representing them and providing advice on local area practices and costs. Wes Oja and Jerome Chvilicek
at (406) 656-7500 or Randy Clavel at (308) 534-9000 are available to describe and discuss these services in detail
and welcome your call.
2. RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every
one of its resources. Coincidentally the enhancement of a ranch’s resources also increases the pleasure that one derives
from the ownership of a ranch. Our management services have included the assessment of everything from wildlife
habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the
enhancement of these resources. Wes Oja or Jerome Chvilicek at (406) 656-7500 are available to describe and discuss
these services in detail and welcome your call.
3. AUCTIONS - Hall and Hall Auctions offers “Another Solution” to create liquidity for the owners of Investment-Quality
Rural Real Estate. Our auction team has experience in marketing farmland, ranchland, timberland and recreational
properties throughout the nation. Extreme attention to detail and complete transparency coupled with Hall and Hall’s
“rolodex” of over 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at
each auction. In addition the unique Hall and Hall partnership model creates a teamwork approach that helps to assure
that we realize true market value on auction day. For more information on our auction services contact Scott Shuman
at (800) 829-8747.
4. SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to the
intermountain west. In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects
of placing loans on ranches where value may be influenced by recreational features, location and improvements and
repayment may come from outside sources. Our extensive experience and strong relationships with our lenders allows us
to quickly tell you whether we can provide the required financing.
Competitive Pricing | Flexible Terms | Efficient Processing
In-House Appraisals | Common Sense Underwriting
Dave Roddy • (406) 656-7500 | Mike Hall or Judy Chirila • (303) 861-8282
Randy Clavel • (308) 534-9000 | Monte Lyons • (806) 698-6882
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UNDERSTANDING WHOM REAL ESTATE AGENTS REPRESENT
In f orma t i o n a bou t B r o k e r a g e S e r v ic e s :
B ef o r e w o rk i n g w i t h a r e a l e s ta te b r o k e r, y o u s h o u l d k n o w t h a t t h e d u t i e s o f a b r o k e r d e p e n d o n w h o m t h e b r o k er r ep r esen ts.
I f yo u a re a p ro s p e c t i v e s e lle r o r la n d lo r d ( o w n e r ) o r a p r o s p e c t i v e b u y e r o r t e n a n t ( b u y e r ) , y o u s h o u l d k n o w th at th e
br ok er w ho l i s t s t he pr o p e r ty f o r s a le o r le a s e is th e o w n e r ’s a g e n t . A b r o k e r w h o a c t s a s a s u b a g e n t r e p r e sen ts th e o wn er
i n coo pe ra t i on w i t h t h e lis tin g b r o k e r. A b r o k e r w h o a c t s a s a b u y e r ’s a g e n t r e p r e s e n t s t h e b u y e r. A b r o k e r m ay act as an
i nt er me di a ry be t w e e n th e p a r tie s if th e p a r tie s c o n s e n t i n w r i t i n g . A b r o k e r c a n a s s i s t y o u i n l o c a t i n g a p r o per ty, p r ep ar in g
a con t r a c t o r l e a s e , o r o b ta in in g f in a n c in g w ith o u t r e p r e s e n t i n g y o u . A b r o k e r i s o b l i g a t e d b y l a w t o t r e a t yo u h o n estly.
If t h e B r o ke r R e pr e s e n ts th e O w n e r :
T h e b r o k e r be c om e s th e o w n e r ’s a g e n t b y e n te r in g i n t o a n a g r e e m e n t w i t h t h e o w n e r, u s u a l l y t h r o u g h a wr itten listin g
agr eeme nt , o r by a gre e in g to a c t a s a s u b a g e n t b y a c c e p t i n g a n o ff e r o f s u b a g e n c y f r o m t h e l i s t i n g b r o ker. A su b ag en t
may wo rk i n a d i ffe re n t r e a l e s ta te o ff ic e . A lis tin g b r o k e r o r s u b a g e n t c a n a s s i s t t h e b u y e r b u t d o e s n o t r e p resen t th e b u y er
and mus t pl a c e t h e i nte r e s ts o f th e o w n e r f ir s t. T h e b u y e r s h o u l d n o t t e l l t h e o w n e r ’s a g e n t a n y t h i n g t h e bu y er wo u ld n o t
want t he o w ne r t o kno w b e c a u s e a n o w n e r ’s a g e n t m u s t d i s c l o s e t o t h e o w n e r a n y m a t e r i a l i n f o r m a t i o n k n o w n to th e ag en t.
If t h e B r o ke r R e pr e s e n ts th e B u y e r :
T h e B r o ke r be c om e s th e b u y e r ’s a g e n t b y e n te r in g i n t o a n a g r e e m e n t t o r e p r e s e n t t h e b u y e r, u s u a l l y t h ro u g h a wr itten
bu yer r e pre s e nt a t i on a g r e e m e n t. A b u y e r ’s a g e n t c a n a s s i s t t h e o w n e r, b u t d o e s n o t r e p r e s e n t t h e o w n e r a n d m u st p lace th e
i nt er est s o f t h e buye r f ir s t. T h e o w n e r s h o u ld n o t te l l a b u y e r ’s a g e n t a n y t h i n g t h e o w n e r w o u l d n o t w a n t t h e b u y er to k n o w,
becau se a b uye r ’s a ge n t m u s t d is c lo s e to th e b u y e r a n y m a t e r i a l i n f o r m a t i o n k n o w n t o t h e a g e n t .
If t h e B r o ke r A c t s as a n I n te r m e d ia r y :
A br ok e r m a y a c t a s a n in te r m e d ia r y b e tw e e n th e p a r t i e s . T h e b r o k e r m u s t o b t a i n t h e w r i t t e n c o n s e n t o f e a ch p ar ty to th e
t r an sacti on t o a c t a s a n in te r m e d ia r y. T h e w r itte n c o n s e n t m u s t s t a t e w h o w i l l p a y t h e b r o k e r a n d , i n c o n s p icu o u s b o ld o r
un der l i ne d pri nt , s e t f o r th th e b r o k e r ’s o b lig a tio n s a s a n i n t e r m e d i a r y. T h e b r o k e r i s r e q u i r e d t o t r e a t e a c h p ar ty h o n estly
and f ai r l y. A bro ke r w h o a c ts a s a n in te r m e d ia r y in a t r a n s a c t i o n :
• S hall t re a t a l l p a rtie s h o n e s tly.
• M ay not d i s c l os e th a t th e o w n e r w ill a c c e p t a p r i c e l e s s t h a n t h e a s k i n g p r i c e u n l e s s a u t h o r i z e d i n w r i t in g to d o so b y
t he o w ne r.
• M ay n ot di s c l os e th a t th e b u y e r w ill p a y a p r i c e g r e a t e r t h a n t h e p r i c e s u b m i t t e d i n a w r i t t e n o ff e r u nless au th o r ized
i n w ri t i ng t o d o s o b y th e b u y e r.
• M ay n ot di s c l os e a n y c o n f id e n tia l in f o r m a tio n o r a n y i n f o r m a t i o n t h a t a p a r t y s p e c i f i c a l l y i n s t r u c t s th e b r o k er in
wr i ti n g not t o di s c lo s e u n le s s a u th o r iz e d in w r i t i n g t o d i s c l o s e t h e i n f o r m a t i o n , o r b y a c o u r t o r d e r o r i f th e in f o r m atio n
mat e ri a l l y re l a t e s to th e c o n d itio n o f th e p r o p e r t y. Wi t h t h e p a r t i e s ’ c o n s e n t , a b r o k e r a c t i n g a s a n i n t e r med iar y b etween
t he pa rt i e s m a y a p p o in t a p e r s o n w h o is lic e n s e d a n d a s s o c i a t e d w i t h t h e b r o k e r t o c o m m u n i c a t e w i t h an d car r y o u t
i nst ru c t i o ns of one p a r ty a n d a n o th e r p e r s o n w h o i s l i c e n s e d a n d a s s o c i a t e d w i t h t h e b r o k e r t o c o m m u n icate with an d
car r y o ut i n s t ru c t io n s o f th e o th e r p a r ty.
If You C h oos e t o h a v e a B r o k e r R e p r e s e n t Yo u :
Yo u sho u l d e n t e r i nt o a w r itte n a g r e e m e n t w ith t h e b r o k e r t h a t c l e a r l y e s t a b l i s h e s t h e b r o k e r ’s o b l i g atio n s an d y o u r
ob l i gat ions . The a g re e m e n t s h o u ld s ta te h o w a n d b y w h o m t h e b r o k e r w i l l b e p a i d . Yo u h a v e t h e r i g h t t o c h o o se th e ty p e o f
r ep r esen t a t i on, i f a ny, y o u w is h to r e c e iv e . Yo u r p a y m e n t o f a f e e t o a b r o k e r d o e s n o t n e c e s s a r i l y e s t a b l i s h th at th e b r o k er
r ep r esen t s y ou. If you h a v e a n y q u e s tio n s r e g a r d in g t h e d u t i e s a n d r e s p o n s i b i l i t i e s o f t h e b r o k e r, y o u s h o u l d r eso lv e th o se
qu est i o n s be fore p ro c e e d in g . R e a l e s ta te lic e n s e e a s k s t h a t y o u a c k n o w l e d g e r e c e i p t o f t h i s i n f o r m a t i o n ab o u t b r o k er ag e
ser vi ces fo r t h e l i c e ns e e ’s r e c o r d s .
Ty le r J a c o b s o f H a ll a n d H a l l i s t h e e x c l u s i v e a g e n t o f t h e S e l l e r.
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