AGENT COMPENSATION THROUGH PERCENTAGE OF PROFITS

If the net profits of the principal exceed ________________ ($_____) during the period of __________ (State Period) commencing _____________________ (Amount of Time) from the date of this agreement, or during any term of ___________________ (___ years) thereafter, the principal will pay the agent __________ percent of the net profits. Net profits are determined by deducting the following items from the gross profits: _______________ (Interest, Capital Invested, Expenses, Losses or any other related business costs)

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