SALVAGE AGREEMENT

_____________________, referred to as OWNER, and

_____________________, referred to as SALVAGE COMPANY, agree:

On __________________, OWNER suffered a loss due to

_____________________ which damaged items generally described as:

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SALVAGE COMPANY agrees to take immediate custody of the salvage

items and to take and sell the same in a manner which SALVAGE

company deems most advantageous. If SALVAGE COMPANY determines

that as to any part of the items, the cost of removal will exceed

the probably recovery, SALVAGE COMPANY shall give notice of

intent to abandon.

SALVAGE COMPANY shall receive a commission of ________________% of

the sale proceeds and shall retain the same until directed by

OWNER as to distribution of the same,

Dated: _______________________

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