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)
_________________________ Signature
_____________________ Date
_________________________ Signature
_____________________ Date