Players Network Inc. (fka PNTV)

[Drugdoctor]

Thank you very much for the correction! I had Paul Rosen confused with Michael Gregory, in the deal that will keep him onboard for the financing period...



J. Management Agreement. At the Closing, Buyer and Seller shall execute and deliver a Management Agreement, substantially in the form attached hereto as Exhibit C (the “Management Agreement”) under which, among other things:



i. Seller shall provide Buyer with the management services specified therein for a fee equal to the percentage of the Net Profit derived by Buyer solely from the operation of the Business at the Property determined in accordance with the following schedule (the “Management Fee”):



Percentage of Net Profit Payment Period
30% Between Closing and payment in full of Installment 2
25% Between the payment in full of Installment 2 and payment in full of Installment 3
20% Between the payment in full of Installment 3 and payment in full of Installment 4
15% Between the payment in full of Installment 4 and payment in full of Installment 5
0% From and the payment in full of Installment 5 or, if earlier, the prepayment in full of the reaming unpaid portion of the Purchase Price as specified in Section 3(B)