Contractor Arrangement. Commencing as of the date of this Agreement and continuing in effect until this Agreement is terminated by either party by providing the other at least thirty (30) days prior written notice, or according to the Term written below, Contractor will refer to Any Studios potential clients (hereinafter referred to as “Referred Clients”). Introductions may be made via email, in-person, or an otherwise agreed-upon arrangement. Referred Client is defined solely as the entity who signs an Agreement with Any Studios, who prior to Introduction by Contractor, was unknown to Any Studios. Subject to Contractor’s compliance with the remaining provisions of this Agreement in each case, and subject to Any Studios’ acceptance of such Referred Clients, Any Studios agrees to compensate Contractor in accordance with Payment Conditions below. Payment Conditions All payment arrangements are in US Dollars and will be payable to Contractor in US Dollars. Contractor understands that Any Studios clients pay Any Studios in accordance with contracts entered into by Any Studios and Referred Clients. As consideration for a Referred Client, Contractor shall be entitled to a commission of the Initial Contract Value (defined as the amount of the first contract or Statement of Work signed between Referred Client and Any Studios), to be paid to Contractor after Any Studios and Referred Client’s execution of the initial contract, and payment of the full contract value by Referred Client to Any Studios. Any Studios shall pay Contractor the amount of the “Commission Fee” set forth below, which shall be paid by Any Studios within thirty (30) days after receiving payment from Any Studios’ client (i.e. if Any Studios receives payment from Any Studios’ client on the 15th, Contractor will receive payment no later than the 15th of the following month). Commission will be calculated based on the table below: Referred Clients Agreement Total Value: Commission Payable to Contractor: Total Value between $10,000 and $100,000 5% of Total Value Total Value between $100,001 and $300,000 $5,000 plus 3% of Value over $100,001 Total Value over $300,001 $11,000 plus 2% of Total Value over $300,001 For the purposes of this Agreement, there are two types of agreements between Any Studios and Referred Clients: “Project-Based Agreement” or “Retainer-Agreements”. Retainer agreements are defined by having a recurring monthly fee paid by Referred Clients. Any other agreements fall under Project-Based Agreements. “Total...
Contractor Arrangement
