This Agreement (the “Agreement”) is entered into as of Date________, by and between Entrepreneur
Name and Address:
(hereinafter referred to as "Entrepreneur"," "we" or "us")
Investor Complete name & address__________________________
(hereafter referred to as (“Investor”, “you”)
Both parties agree to be legally bound by these Terms.
1. Investment in Entrepreneur
In consideration of the terms and conditions contained herein, Investor agrees and shall provide to Entrepreneur the Investment Amount, payable in immediately available funds. The Investment Amount shall be provided without restrictions on use. That is, Entrepreneur may use the Investment Amount for any legal purpose; however, it is the parties’ expectation and intention that Entrepreneur will use the Investment Amount for income generating projects and/or retirement of personal debt.
2. Details of Investment Amount.
The Investment Amount shall be payable according to following Details:
- 2.1 Entrepreneur agrees to pay 15%-25% Interest Rate upon total investment.
- 2.2 Initial Investment Term is 24 Months.
- 2.3 Investor understands that the payment of monthly interest rate will be started (3)Three - (4)Four Months; after the investment is presented to Entrepreneur.
- 2.4 Number of Spots Entrepreneur offers:?
- 2.5 Number of Spots $ Entrepreneur offers:?
- 2.6 Total to be Paid: Spots $ * 10
3. Ongoing Obligation of Entrepreneur.
In consideration of the investment in Entrepreneur pursuant to Section 2, Entrepreneur shall pay to Investor the Annually/Monthly Return Payment which is schedule to start between the third to fifth month after you have completed the investment.
This agreement shall continue for a period of Twenty-Four months, unless earlier terminated as provided herein. In the event that the parties desire to extend the term of this Agreement beyond the initial term, such Agreement shall be set forth in writing and executed on behalf of both parties. It is important to note that the time frame is just a guide as this agreement can only be completed once the Total to be Paid has been fulfilled.
5. General Provisions.
5.1 Consistent Reporting.
Each party agrees to treat payment of the Investment Amount, the Annual Return Payment and the Termination Amount consistently for financial accounting purposes and tax reporting purposes. The parties shall reasonably coordinate and discuss proper treatment of such transactions. Investor (“Indemnitor”) agrees to indemnify, defend and hold Entrepreneur harmless from any tax liability, costs, expenses, liabilities, obligations, penalties, actions, judgments, suits, claims, and disbursements (including, without limitation, the reasonable fees and expenses of counsel for Entrepreneur in connection with any investigative, administrative or judicial proceeding) (collectively, “Losses”), which may be imposed on, incurred by, or asserted against Entrepreneur in any matter related to the tax treatment of the payment to Entrepreneur of the Investment Amount hereunder, including, without limitation, any and all liability for taxes, duties, levies (“Taxes”) on the Investment Amount as income to Entrepreneur and all Losses related to or arising from such Taxes. The parties acknowledge that the foregoing indemnification is limited exclusively to Losses that directly and solely relate to the Federal or state tax treatment of Entrepreneur’s receipt of the Investment Amount and for no other Losses experienced by Entrepreneur, whether pursuant to this Agreement or otherwise.
5.2 Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the state of United Kingdom, exclusive of choice-of-laws provisions.
No party may assign such party’s rights or obligations under this Agreement without the consent of all parties hereto.
5.4 Amendment; Waiver.
This Agreement may not be amended, supplemented, canceled or discharged, except by written instrument executed by the party against whom enforcement is sought. No failure to exercise, and no delay in exercising, any right, power or privilege hereunder shall operate as a waiver thereof. No waiver of any breach of any provision of this Agreement shall be deemed to be a waiver of any preceding or succeeding breach of the same or any other provision.