Addendum For Virgil Stanphill
An Agreement was made by and between SecureNet Partners, whose address is 16211 Park Ten Place Houston, TX 77054 and Virgil Stanphill, whose address is 2021 Winston Section RD on the17th day of June, 2015 (hereinafter referred to as “sales agent”) set forth below.
WHEREAS, the parties wish to modify the terms of the original stated contract as set forth herein.
NOW THEREFORE, in consideration of the mutual promises herein , the parties, intending to be legally bound, hereby agree that the following constitutes additional terms and conditions of the stated contract.
1. Modification Item 1 : If said Sales Agent Pass (Death) the sales agent residuals will paid to sales agent widow
2. Modification Item 2 : If at the time of passing of the sales Agent, if unmarried or the wife has passed - residuals will be absorbed by SNP
3. Modification Item 3 : Residuals will be paid out to spouse 50% net profit for the portfolio with leads from SNP that the agent has closed - Agent# (E425)
4. Modification Item 4 : Residuals will be paid out to spouse 70% net profit for the portfolio which agent has produced his own leads - Agent# (E424)
5. The parties re-affirm no other terms or conditions of the above mentioned original contract not hereby otherwise modified or amended shall be negated or changed as a result of this here stated addendum.
Dated: 6,22, 2015