You are on page 1of 4

Commission Agreement

This Commission Agreement (hereinafter referred to as the “Agreement”) is entered


into as of Compass Mining Companies assets purchasing in Russian Federation by and
between Muhammet Kasymov, with a mailing address of Dubai, Jumeirah Village
Circle, Reef Residence, 3511 (hereinafter referred to as the “Principal”),

and , with a mailing address of


(hereinafter referred to as the “Agent”),
collectively referred to as the “Parties,” both of whom agree to be bound by this
Agreement.

1. Purpose. The Principal wishes to buy the following assets:


Compass Mining inc. ASIC mining equipment, which are: S19 PRO 110TH/S, 2021Q2, 756pcs., S19
PRO 110TH/S, 2021Q3-Q4, 1300pcs., S19 PRO 110TH/S, 2022Q1, 425pcs., S19J PRO 100TH/S,
2022Q1, 805pcs., S19J PRO 104TH/S, 2022Q1, 80pcs., S19 90TH/S, 2022Q1, 600pcs., S19 82TH/S,
2022Q1, 329 pcs., S19 90TH/S, 2022Q2, 300 pcs.

(hereinafter referred to as the “Product(s)”).

The Agent agrees to proceed and connect with the Compass Mining inc., owner of the
aforementioned Product(s) on behalf of the Principal for a commission in the amount of
2.5 to 5% of the total transaction amount, but not less than $600,000(six hundred
thousand US dollars) and not more than $1,100,000(one million and one hundred
thousand US dollars). The final amount at the discretion of the Principal

2. Sales Authorization. The Parties agree to the following:

● The Principal authorizes the Agent to connect and, optional, to participate in deal on
behalf of the Principal;

● The Agent shall identify themselves as an authorized adviser and/or just to


introduce the Principal and representative from Compass Mining inc. to each other,
for thesale of the Product(s).

3. Term. This Agreement shall commence upon 6/05/2022, as stated above,and will
continue until 14/06/2022, or until the deal is accepted or denied.

4. Commission Earnings and Payment Structure. The Parties agree that the Agent will
be compensated and paid in the following way:
5. Confidentiality. During the course of this Agreement, it may be necessary for the
Principal to share proprietary information, including trade secrets, industry knowledge,
and other confidential information, with the Agent in order for the Agent to seek out
potential sales. The Agent will not share any of this proprietary information at any time.
The Agent will also not use any of this proprietary information for their personal benefit
at any time. This section remains in full force and effect even after termination of the
Agreement by it’s natural termination or the early termination by either party.

6. Non-Compete Clause. The Agent will not bypass or slow down the process of the
deal for any competitor from/ or related to Russian Federation during the Term of this
Agreement or, if applicable, for
2 weeks after the termination of this Agreement.

7. Termination. This Agreement may be terminated at any time by either Party upon
10 days written notice to the other party. Upon termination, the Principal shall pay to the
Agent all compensation if the deal been signed and the transfer of assets began,

8. Limitation of Liability. Under no circumstances shall either Party be liable to the


other Party or any Third Party for any damages resulting from any part of this agreement
such as, but not limited to, loss of revenue or anticipated profit or lost business, costs of
delay or failure of delivery, which are not related to or the direct result of a Party’s
negligence or breach.

9. Legal and Binding Agreement. This Agreement is legal and binding between the
Parties as stated above. The Parties each represent that they have the authority to enter
into this Agreement.

10. Entire Agreement. The Parties acknowledge and agree that this Agreement
represents the entire agreement between the Parties. In the event that the Parties desire to
change, add, or otherwise modify any terms, they shall do so in writing to be signed by
both Parties.
The Parties agree to the terms and conditions set forth above as demonstrated by their
signatures as follows:

PRINCIPAL AGENT

Name: Muhammet Kasymov Name:

Signed: Signed:

Date: 6/05/2022 Date:

You might also like