Exercise 22-2 Arthur Wright, a quarterback for the San Jose Dragons, has hired Davis Reynolds to represent him in contract negotiations with the Dragons and in connection with product endorsements. (This kind of contract is known as a representation agreement The parties have agreed that Wright will pay Reynolds the amount that is the greater of Reynolds's standard hourly rate for the type of services Reynolds provides under their agreement multiplied by the hours spent on providing the services and 15% of the gross amount of all monies received by Wright or on his behalf from contracts that Reynolds negotiated The parties have already negotiated the definition of Services, so don't worry about that. They're the standard services for representation agreements. Reynolds has asked you to draft the payment provision and to let him know of any questions with respect to the provision. Exercise 22-3 Redraft the following provision so that it is one sentence and uses appropriate mathematical language. It is available on the book's website. Purchaser's Payments . The Purchaser covenants that it shall pay the Seller the difference between the Purchase Price and the amount of any loan obtained by the Purchaser from a Lending Institution. The Purchaser also covenants that the Purchaser will pay all costs in connection with the closing as required by the Lending Institution