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2020-184A
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2020-184A
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Last modified
3/5/2021 10:52:37 AM
Creation date
9/25/2020 10:05:13 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/15/2020
Control Number
2020-184A
Agenda Item Number
8.L.
Entity Name
SteepSteel, LLC
Subject
Ratification of Professional Services Agreement
Area
Consulting Services for Wireless Technology
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STEEPSTEEL <br />CONSULTING & MANAGEMENT <br />EXHIBIT C <br />COMPENSATION <br />SteepSteel's pricing shall be paid as follows: <br />MANAGEMENT PACKAGES <br />Twenty -Five Percent (25%) payment for any increase in lease/license revenue that SteepSteel <br />negotiates above the current rent. SteepSteel shall receive this payment for ten (10) years from <br />the date the increase in rent occurs as a result of SteepSteel's efforts. <br />Invoices to be paid on a quarterly basis. <br />Optional: <br />STEEPSTEEL AUCTION EVENT PACKAGES <br />Auction Event Packages: Six percent (6%) of final negotiated sales price will constitute the total <br />of fee to be paid by the Member to SteepSteel for each SteepSteel Auction Event. <br />SteepSteel agrees to advance all fees including the costs of all associated SteepSteel negotiations <br />and marketing expenses for SteepSteel auction Events, as well as closing, escrow, and title fees. <br />Member agrees to authorize escrow to release fees directly to SteepSteel at the closing of the <br />transaction based on the percentages outlined herein. <br />13 <br />
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