PROFIT SHARING AGREEMENT

PROFIT SHARING AGREEMENT

This PROFIT SHARING AGREEMENT (‘’this Agreement’’) is entered into between
ELITEARK LLC of address 6 Garfield Drive Patterson NY 12563 (“ Company”) and
PATRICK BLAIS of address 159 Fenn Ave Toronto Ontario Canada (“The Partner”) on
[DATE].
Whereas, the Company is a gaming server company branching out to support mine craft game
server;
Whereas, the Company holds ownership of all intellectual property rights in their creations;
Whereas, the Company desires to enter into an agreement with The Partner to split all profits for
mine craft profits ONLY
NOW, THEREFORE, in consideration of the premises, and of the mutual promises and
undertakings herein contained, the parties, intending to be legally bound, do agree as follows:

  1. TERM
    This Agreement shall be active for a year (1 yr.) after which the parties may decide to
    renew this agreement.
  2. RESPONSIBILITIES OF THE PARTNER
    In consideration for the profit share granted herein, The Partner shall perform the
    following duties including but not limited to the following:
     The Partner shall run the server, maintain the server and upkeep it. This includes
    discord, server configuration, in- game moderating, updates among other duties
    required of the partner by the Company.
  3. PROFIT SHARE

3.1 In consideration for the duties performed hereunder, The Partner shall be entitled to
30% of the profits earned on mine crafts only.
3.2 The profits will come from in- game purchases through the mine craft server.
(MineCreator).
3.3 The profits shall be dispensed after all server running costs, art work, developer
payments, taxes and fees have been paid for.
3.4 In the event where The Partner fails to perform his obligations as required in this
agreement, the Company reserves the right to withhold disburse of all his profits.
3.5 All payments shall be made via PayPal at the end of every month.

  1. CONFIDENTIALITY.
    The Partner shall not, in any fashion, form, or manner, either directly or indirectly:
     Disclose or communicate to any party any information relating to the Company’s
    business or the Product including (but not limited to) customer lists, price points,
    or marketing plans (the “Confidential Information”);
     Duplicate any Confidential information;
     Use any Confidential Information other than solely for the benefit of the
    Company; or
     Assist a third party in using any Confidential Information in any manner but
    solely for the benefit of the Company.
  2. MODIFICATION
    No modification of this Agreement shall be valid unless in writing and agreed upon by
    both Parties.
  3. TERMINATION

6.1 This agreement shall be effective on the date first written above and shall continue in
force until terminated by either party giving to the other not less than thirty (30) days
prior written notice of such termination.
6.2 Termination of this agreement shall not affect the responsibilities of either party on
contracts issued prior to the effective date of termination. This agreement shall be
automatically reviewed and considered for termination by the company.
6.3 In the event where The Partner fails to perform his duties as mentioned in clause 2,
the Company may decide to terminate this agreement with immediate effect

  1. INDEMNIFICATION.
    The Partner agrees to defend, indemnify, and hold harmless the Company from and
    against any all third party claims (or other actions that could lead to losses by the
    Company) that are based upon The Partner’s;
    (a) Violation of the law,
    (b) Violation of this Agreement, or
    (c) Violation of any third party’s rights.
  2. ENTIRE AGREEMENT.
    This Agreement represents the full understanding of the Parties and shall supersede all
    previous oral or written agreements regarding the subject matter herein.
  3. INTELLECTUAL PROPERTY
  4. DISPUTES
    Except as otherwise specifically agreed in writing by the Company and the Partner, any
    dispute relating to any rights and/ or obligations arising from this Agreement which is not
    resolved by the parties shall be adjudicated by any court of competent jurisdiction.
  5. APPLICABLE LAW.
    This Agreement and the interpretation of its terms shall be governed by and construed in
    accordance with the laws of the State of New York and subject to the exclusive
    jurisdiction of the federal and state courts located in New York.

In Witness Whereof, this Agreement is duly executed by the duly authorized
representatives of the parties as set forth below:

Partner’s Signature Date

Company Official Signature Date

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