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II. COMMISSION FEE <br />BUYER shall pay ARTIST the sum of forty-seven thousand dollars and no cents <br />($47,510) plus additional costs specified in other sections or any addendum to this <br />agreement. <br />III. PAYMENT SCHEDULE <br />A. A down -payment of twenty thousand dollars and no cents ($20,000) shall accompany the <br />signed commission agreement, prior to commencement of the work. <br />B. The final payment of twenty-seven thousand dollars and no cents ($27,000) plus any <br />applicable taxes is due and payable at the time of delivery. <br />C. The invoice for $510 and zero cents ($510) for delivery and install will be billed <br />separately and shall be due and payable within fifteen (15) days of receipt of invoice. A <br />hoist/lift must be provided by the BUYER. <br />IV. DELIVERY AND INSURANCE COSTS <br />A. BUYER shall be responsible for all delivery and installation costs, which shall be billed <br />separately and due within 15 days of receipt of invoice. <br />B. ARTIST shall be responsible for insurance coverage during the commission period. <br />ARTWORK shall be insured for full value during transportation to the site, and <br />responsibility for coverage passes to the BUYER upon delivery. <br />V. COPYRIGHT <br />ARTIST shall retain the copyright on ARTWORK and all reproduction rights shall be <br />expressly reserved. ARTIST herein grants BUYER the limited license to make two <br />dimensional reproductions of ARTWORK for non-commercial purposes, including, but <br />not limited to, advertising, publicity, catalogs and similar publications, provided that <br />these rights are exercised in a tasteful and professional manner. ARTIST'S copyright (as <br />shown below) shall be clearly displayed on all reproductions and ARTIST shall be given <br />a credit line in all editorial reference. <br />© 2022 Brodin Studios, Inc. All Rights Reserved <br />