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Billy Carter — Part 3
Page 48
48 / 50
negotiated on a sale by ‘sale basis “but in 1 the event’ that.
“ TE OR Lite ee eae nent ne,
letters “of credit ‘issued pursuant to any sales
2. COVENANTS OF THE AGENT.
“A. Agent shall use it's | best efforts ‘to market and promote =”
cate te niece
Jamahiriya. -
ce ee ence peer ats ee eaten leat tiga Stand we EP
etn mee te Se
B. 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 Arab’ Jamahiriya “has 5 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, “ors:
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
Jamahiriya.
all technical information and data which may be requested or
of Principal's products.
4.. TERM.
“the term of this agreement shall be one (1) year from the
date of execution.
Page 2 of 4 Pages’
commission is negotiated, Agent shall ‘be entitled to. no ‘less...
than 1-1/2% of the total sales prices, as evidenced by the
anticipated or actual ‘sales to Socialist People" s Libyan arab”
B. Principal further agrees to provide Agent with any. and _
which significantly relates to the marketing and/or utilization
no™ ,
Principal's _ products to. ‘Socialist People! s Libyan’ Arab ~
|
a ee ee en SE
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