Artist agrees to pay directly the following fees and expenses for participation in the IFAM:
A. Booth and rental fees; all Artist travel expenses including airfare, ground transportation, lodging, meals, passport and VISA fees; shipping, customs clearance, and duty fees for Artist's Products.
B. If Artist is attending IFAM for the second time or more, IFAA will retain 20% of Gross Sales of Artist's Products to be applied to IFAM-related expenses such as marketing, promotion, infrastructure, and administration. If the Artist sells less than $10,000 in gross sales at the IFAM, IFAA will retain 10% of the gross sales of Artist's Products.
C. If Artist is attending IFAM for the first time, IFAA will retain 10% of gross sales of Artist's Products to be applied to IFAM-related expenses such as marketing, promotion, infrastructure, and administration.