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Billy Carter — Part 3
Page 48
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commission is negotiated, agent shall ‘be ‘entitled | to no less.
than 1-1/2% of the total sales prices, as evidenced by the
letters of credit issued pursuant to any sale.
2. COVENANTS OF THE AGENT.
A. Agent shall use it's S best ‘efforts to market ‘and Pl
Principal's products to Socialist People’ s “Libyan “Arab”
Jamahiriya.
Be agent agrees that it shall “provide “principal with a
right of first refusal on any and all such orders from Socialist
People's Libyan Arab Jamahiriya from American sources with ‘re-
spect to which Socialist People's s Arab Jamahiriya has contacted
Agent for purposes of arranging a sale. Agent shall. not “seek |
other sources until and unless either Principal's tender offer
to Socialist People's Libyan Arab Jamahiriya is rejected, or
Principal informs Agent it does not .wish to participate
further.
3. FURTHER COVENANTS.
It will be Principal's responsibility to:
A. Promptly forward to Agent all inquiries and offers it
receives from or sends to any source whatsoever concerning
anticipated or actual sales to Socialist People's Libyan Arab ©
Jamahiriya.
B. Principal further agrees to provide agent with any. and _
all technical information and data which may be requested or
which significantly relates to the marketing and/or utilization :
of Principal's products. :
4. TERM.
“the term of this agreement shall be one (1) year from the
date of execution.
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