Is this a good deal for an iPhone game developer?

Student02

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I am having an independent developer develop a game for the iPhone, he is getting 5% in all sales if the app has over 2000 paid downloads per month, if the app has over 5000 paid downloads per month he gets 10%. After $100,000 payout is reached, he stops receiving commission. Plus I am paying a development cost.

Is that a decent deal? Or am I getting ripped? Please don't tell me to develop my own app! Thanks.
 
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