Lemuria profit sharing agreement

lemuria

This is a legal binding agreement entered into between Arthur Carmazzi and Budiarti Wayan (further referred to as "Owners"), and the purchaser of this membership (further referred to as “Member/Stakeholder”). Where Owners will share 15% of annual ticket sales revenue with all members of the Lemuria Mythological Society based on their membership level. Profit-sharing is based on the total collection of US$220,000 from Memberships = 15% of baseline revenue annual return. Member/Stakeholder will receive profit-sharing in accordance with the percentage of what this membership represents in relation to the collected US$220,000. i.e. Advocate of Wellbeing with a $1000 investment will receive $1,570 per year based on the current revenue estimates. This is 1/220th of the 15% of the estimated ticket sales (where 15%=US$345,600).

Each member will receive annual payments starting on the first March 15 after one full year of operation. Then subsequently every other March 15 for life. The Membership is transferable.

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