THIS PROFIT SHARING AGREEMENT is entered into on 23 November 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the "Company")

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the "Participant")

Whereas

(A) The Company desires to hire the Participant to market the Products for sale.

(B) The Parties agree to share the profit realized from the sale of Products in accordance with the terms and conditions of this agreement.

It is agreed as follows:

1. Interpretation

Definitions

"Excluded Persons" mean existing buyers of the Product or potential buyers who have already approached the Company to negotiate terms of purchase. Excluded Persons also include their affiliates;

"Product" mean PRODUCTS;

"Value of Goods or Service" means in relation to any the Product, the fees paid to purchase the Product by the buyer, less:

1. any sales tax, turnover tax, value-added tax or other tax payable thereon;
2. any expenses or out-of-pocket disbursements.

whether or not such items are separately invoiced;

2. Term

For a period of TERM months after the date hereof (the "Term"), or as subsequently extended by the Company and the Participant in writing, the Company engages the Participant to source independent third-party buyers for the Products, and the Participant accepts the engagement.

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