Success Fee Agreement. A consulting/success fee equal to 1.25% of the total approved and funded amount of each loan or line of credit or any other type of funding accepted by the “company” will be due to “consultant”. Above, the success fee to be paid to jmi by eir shall be paid.
If, based on the efforts of consultant, as reasonably determined by sorrento, sorrento signs a license agreement with a third party, sorrento will pay consultant a success fee of five percent (5%) of all third party payments payable and actually received by sorrento (including but not limited to license fees and fees for services provided through sorrento). This letter is drafted from the perspective of the advisor / consultant. Success fee agreementthis agreement, effective on the day of 20 , by and between don clarke enterprises, inc., a florida corporation (hereinafter called dce), located at 1641 n.